Equity valuations (11.75x trailing PER) are attractive (vs 20yr mean of 16.2x). Shrinking CAD helps stabilize IDR, likely allowing a rate cut this quarter. Fiscal risks are in abeyance until 2025.
What is covered in the Full Insight:
IDR Stability and Rate Cut Expectations
Fiscal Deficit and Prabowo Risk
Banking System Liquidity
Vehicle Sales and Private Consumption
Equity Market Valuations
SUMMARY
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