STRATEGY REPORT - Overweight - Our first take on the market impact of Trump 2.0

Donald Trump secured a second term as president after winning key battleground states on November 6. The outcome of the U.S. presidential election is not limited to its domestic implications; it has the power to reverberate globally, particularly affecting countries such as Indonesia.

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ECONOMIC UPDATE - Inflation - Monthly deflation ends as gold prices rise

According to Statistics Indonesia (BPS), a monthly inflation increase of +0.08% MoM In Oct-24, breaking the deflationary trend since May. This rate surpassed both our projection of +0.05% MoM and the consensus forecast of +0.03% MoM.

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ECONOMIC UPDATE - External trade review - Unexpected high trade surplus boosted by declining import

According to Statistics Indonesia (BPS), Indonesia's trade surplus jumped by +12.34% MoM to USD3.25 bn in Sep-24. Moreover, this figure surpass both our forecast of USD2.67 bn and the consensus estimate of USD2.79 bn. This is the highest trade surplus since March.

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ECONOMIC UPDATE - Inflation - Five months of deflation push inflation to lowest since Nov-21

According to Statistics Indonesia (BPS), the monthly inflation rate decreased by -0.12% MoM in Sep-24, marking the fifth consecutive month of deflation. This deflation rate was steeper than both our expectations and the consensus forecasts of -0.04% MoM and -0.02% MoM, respectively.

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ECONOMIC UPDATE - Monetary review - BI surprises with 25 bps rate cut to 6.00%

Bank Indonesia (BI) unexpectedly reduced its benchmark rate (BI-rate) by 25 bps to 6.00% in September 2024, falling short of both our projections and the market consensus of 6.25%. In line with this move, the deposit and lending facility rates were also lowered to 5.25% and 6.75%, respectively....

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ECONOMIC UPDATE - Inflation rate eases as expected

According to Statistics Indonesia (BPS), the monthly inflation rate decreased to -0.03% MoM in Aug-24, marking the fourth consecutive month of deflation. This rate slightly surpassed both our expectations and the consensus forecasts of -0.10% MoM and -0.04% MoM, respectively.

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ECONOMIC UPDATE - External trade review - Unexpected small trade surplus on import jumps

According to Statistics Indonesia (BPS), Indonesia's trade surplus fell by -80.25% MoM and -64.02% YoY to USD0.47 bn in Jul-24. Moreover, this figure was below both our forecast of USD2.41 bn and the consensus estimate of USD2.47 bn.

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ECONOMIC UPDATE - GDP growth slightly decelerate as expected

Statistics Indonesia (BPS) reported a GDP growth rate of 5.05% YoY for 2Q24, decelerating compared to the previous quarter's 5.11% YoY. However, this figure slightly surpassed both our projected estimate and the consensus, which stood at 5.02% YoY and 5.00% YoY, respectively.

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ECONOMIC UPDATE - External trade review - Despite dip, trade surplus maintained for 50 consecutive months

According to Statistics Indonesia (BPS), Indonesia's trade surplus fell by -0.54% MoM and -1.06% YoY to USD2.39 bn in Jun-24 (vs. USD2.93 bn in May-24 and USD3.45 bn in Jun-23). Moreover, this figure was below both our forecast of USD2.91 bn and the consensus estimate of USD2.90 bn. This is...

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ECONOMIC UPDATE – Inflation - Yearly inflation rate eases to lowest level since Oct-23

According to Statistics Indonesia (BPS), the monthly inflation rate slowed to -0.08% MoM in Jun-24, down from -0.03% MoM in May-24, marking two consecutive months of deflation. This rate was below both our expectations and the consensus forecasts of 0.03% MoM and 0.02% MoM, respectively, and...

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Indikasi Bid - Offer Bond Price20 November 2024

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STRATEGY REPORT - Overweight - Our first take on the market impact of Trump 2.008 November 2024

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ECONOMIC UPDATE - Inflation - Monthly deflation ends as gold prices rise04 November 2024

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-- 21 October 2024

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ECONOMIC UPDATE - External trade review - Unexpected high trade surplus boosted by declining import16 October 2024

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ECONOMIC UPDATE - Inflation - Five months of deflation push inflation to lowest since Nov-2101 October 2024

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ECONOMIC UPDATE - Monetary review - BI surprises with 25 bps rate cut to 6.00%24 September 2024

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ECONOMIC UPDATE - Inflation rate eases as expected03 September 2024

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ECONOMIC UPDATE - External trade review - Unexpected small trade surplus on import jumps19 August 2024

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ECONOMIC UPDATE - GDP growth slightly decelerate as expected06 August 2024

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ECONOMIC UPDATE - External trade review - Despite dip, trade surplus maintained for 50 consecutive months16 July 2024

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ECONOMIC UPDATE – Inflation - Yearly inflation rate eases to lowest level since Oct-2302 July 2024

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ECONOMIC UPDATE – Inflation - Post Eid and harvest season push inflation down04 June 2024

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ECONOMIC UPDATE - BoP review - Twin deficit amidst global uncertainty27 May 2024

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ECONOMIC UPDATE - External trade review - Trade surplus narrows amidst Rupiah depreciation17 May 2024

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ECONOMIC UPDATE - GDP accelerates during general election and Ramadan07 May 2024

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ECONOMIC UPDATE - Inflation dips due to harvest season03 May 2024

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ECONOMIC UPDATE - Monetary Review BI unexpectedly hikes rate amid global uncertainty29 April 2024

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ECONOMIC UPDATE - External trade review - Trade surplus falls to the lowest level since May-2319 March 2024

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ECONOMIC UPDATE - Inflation heats up more than expected04 March 2024

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ECONOMIC UPDATE - BoP Review Indonesia’s BoP surplus but CA deficit26 February 2024

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ECONOMIC UPDATE - External trade review - Export and import decelerate more than expectations19 February 2024

Produk dan Jasa Sekuritas

Saham

PT Ciptadana Sekuritas Asia melaksanakan stock trading untuk klien individu, dana pensiun, reksadana, perusahaan-perusahaan, dan institusi-institusi global. Tim sales dan trading Ciptadana adalah unit yang berfokus pada klien, melaksanakan perintah klien seefisien dan sekompetitif mungkin dengan tetap menjaga agar trading desks klien tetap terinformasi dengan stock dan market info yang relevan.

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Obligasi

Ciptadana Sekuritas Asia sedang dalam perjalanan untuk menjadi salah satu market leader dalam credit product dan public finance. Kami menyediakan asset finansial ke bank – bank, perusahaan asuransi, reksadana, dan juga klien – klien korporasi maupun ritel.

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Penjamin Emisi

Underwriting meliputi penawaran publik dan penempatan ekuitas pada privat dan insturmen hutang. Kami memastikan bahwa klien sudah memenuhi semua ketentuan regulasi, seperti pendaftaran pada badan yang tepat, dan menyajikan seluruh data finansial yang diperlukan kepada publik.

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