Consumer confidence trend weakened in the past year. As of September 2025, the CCI was recorded at level 115.0, a decrease from level 117.2 in August 2025, and became the...

>Domestic cement demand remains sluggish as of 9M25, with total sales of 44.61 mn tons (-3.1% YoY), reflecting only 69.7% of FY25F estimates — below the five-year average of 72%....

Gross Domestic Product (GDP) of the chemical, pharmaceutical, and traditional medicine industries continues positive trend in 2Q25. This condition showed that this industry still has quite a stable growth potential...

BI rate has potential to be lowered again in the remainder of 2025. Bank Indonesia cut BI rate by 25 bps to 4.75%, there is still room for BI rate...

The increase in deposits and CASA funds drove improvements in banking liquidity in 6M25. The Indonesian banking sector's Loan to Deposit Ratio (LDR) was booked at 86.40% (-176 bps MoM;...

Volume recovery remains relatively fragile despite the monthly improvement. National cement sales in Jul-25 stood at 5.8 million tons (+18.4% MoM; -3.8% YoY), bringing cumulative 7M25 volumes to 32.9 million...

Both plantation names under our coverage delivered solid performance in 1Q25, with AALI posted robust revenue growth of 46.3% YoY, supported by higher sales volumes of CPO and palm kernel...

Public consumption remained solid in May 2025. Inflation in Indonesia stood at 1.60% YoY in May 2025. Over the past year, the average inflation in Indonesia has been 1.56%, so...

BI rate has the potential to be cut by 25 bps - 50 bps in the remainder of 2025. Given Indonesia's relatively solid macroeconomic conditions, where the inflation rate is...