Search result for: "BSDE"

The recent political development inside PDIP which led to the speculation that the party will endorse Jokowi as a presidential candidate is premature, in our view. But we believe Jokowi nomination will lower political uncertainties and positive for the financial markets. November 13 trade data also showed that fundamental economy of Indonesia is improving. Large.

While we are still cautious on Indonesia’s short-term equity market outlook owing to economic and political uncertainties, we are of the view that its long-term fundamentals are intact. We foresee 2014 GDP growth dipping to 5.4% while Bank Indonesia (BI) may have to raise the BI rate to 7.75-8.25%. As short-term macroeconomic fundamentals are weak,.

BSDE remains our sector Top Pick, as we favour its: i) abundant cash that provides flexibility to finance its current and future developments, ii) large landbank – mainly in Greater Jakarta and in new areas like Palembang and Manado, and iii) growing recurring income. Our IDR2,400 TP is derived by applying a 40% discount to.