External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Macroeconomics

<ul><li>JCI ended the week up +0.9% wow, amidst mixed performances for the other EMs.</li><li>Foreign funds recorded a slight inflow (+US$14.9mn), aided by flows into BMRI, TLKM, UNTR.</li><li>BBRI saw a small inflow (US$1.7mn), marking the first reversal from the outflow in prior weeks. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

JCI ended the week up +0.9% wow, amidst mixed performances for the other EMs.Foreign funds recorded a slight inflow (+US$14.9mn), aided by flows into BMRI, TLKM, UNTR.BBRI saw a small inflow (US$1.7mn), marking the first reversal from the outflow in prior weeks. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Market Pulse : Chart of the Week – BBRI Vs. Rate Cut

Podcast Exploring Themes Driving Global Markets, Nomura - The Week Ahead

Nomura – The Week Ahead

Podcast Exploring Themes Driving Global Markets

Nomura - The Week Ahead

We explore the main themes that will drive global markets over the coming week, discussing the key market moving events and risks to keep on your radar.

FX & Rates

<ul><li>Trump plans to put serious tariffs on Mexico and Canada due to immigration and drug issues, impacting Asian currencies</li><li>US and UK CPI data in focus for the week ahead, with expectations of higher inflation</li><li>Currency depreciation pressures in Asia expected to continue, with China and Korea most vulnerable to depreciation pressures</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Trump plans to put serious tariffs on Mexico and Canada due to immigration and drug issues, impacting Asian currenciesUS and UK CPI data in focus for the week ahead, with expectations of higher inflationCurrency depreciation pressures in Asia expected to continue, with China and Korea most vulnerable to depreciation pressuresThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Week Ahead – CPI, China, and Currencies

<ul><li>As domestically focused sectors underperformed, we cut our FY24/25 EPS growth est. to 2.4%/9.3% and JCI FY24-end target to 7,448.</li><li>Despite still muted growth indicators, we expect seasonal tailwinds to benefit certain sectors (e.g., Retail, Consumer) in 4Q24. </li><li>At a forward P/E of 11.9x, JCI valuation is attractive (160bps spread vs. 10-yr yield); amid macro risks, we favor quality stocks and USD hedge.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

As domestically focused sectors underperformed, we cut our FY24/25 EPS growth est. to 2.4%/9.3% and JCI FY24-end target to 7,448.Despite still muted growth indicators, we expect seasonal tailwinds to benefit certain sectors (e.g., Retail, Consumer) in 4Q24. At a forward P/E of 11.9x, JCI valuation is attractive (160bps spread vs. 10-yr yield); amid macro risks, we favor quality stocks and USD hedge.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equity Strategy: Attractive Valuation Emerging, Prefer Quality Stocks and USD Hedge...

<ul><li>The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.</li><li>A stronger China supports Asia's overall growth outlook, including Indonesia, though not without some challenges.</li><li>USD yield and DXY remains stable despite more recent dovish statement from Fed’s members. A stronger CNY would impact the IDR</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.A stronger China supports Asia's overall growth outlook, including Indonesia, though not without some challenges.USD yield and DXY remains stable despite more recent dovish statement from Fed’s members. A stronger CNY would impact the IDRContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRIDS Weekly Update Economic & Fixed Income Research Monday, Sept 30 , 2024

<ul><li>The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.</li><li>A stronger China supports Asia's overall growth outlook, including Indonesia, though not without some challenges.</li><li>USD yield and DXY remains stable despite more recent dovish statement from Fed’s members. A stronger CNY would impact the IDR.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.A stronger China supports Asia's overall growth outlook, including Indonesia, though not without some challenges.USD yield and DXY remains stable despite more recent dovish statement from Fed’s members. A stronger CNY would impact the IDR.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro Strategy: The Fulcrum of China’s Stimulus

Indonesia

The Indonesian rupiah is the official currency of the Republic of Indonesia. 

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BRIDS Market Pulse : Chart of the Week – BBRI Vs. Rate Cut

JCI ended the week up +0.9% wow, amidst mixed performances for the other EMs. Foreign funds recorded a slight inflow (+US$14.9mn), aided by flows...

BRI Danareksa Research

The Week Ahead – CPI, China, and Currencies

Trump suggests implementing tariffs to stop immigration from Mexico and Canada, US and UK CPI data expected to be higher, Fed may be hawkish on...

Nomura – The Week Ahead

Equity Strategy: Attractive Valuation Emerging, Prefer Quality Stocks and USD Hedge...

At a forward P/E of 11.9x, JCI valuation is attractive (160bps spread vs. 10-yr yield); amid macro risks, we favor quality stocks and USD hedge.

BRI Danareksa Research

BRIDS Weekly Update Economic & Fixed Income Research Monday, Sept 30 , 2024

The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.

BRI Danareksa Research

Macro Strategy: The Fulcrum of China’s Stimulus

The broad China stimulus from both monetary and fiscal portray substantial escalation from previous measures, a key game changer.

BRI Danareksa Research

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