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■ Indonesia’s Manufacturing PMI slipped to 50.4 in Sep-25 from 51.5 in August, reflecting softer but still expansionary momentum as domestic demand held up.
■ Indonesia’s trade surplus surged to USD 5.49 bn in Aug-25, the highest since Oct-22 and well above expectations, driven by resilient exports (+5.78% YoY) and a sharp contraction in imports (-6.56% YoY).
■ Indonesia’s annual inflation quickened to 2.65% in Sep-25, the highest since May-24 and above SSI’s 2.4% forecast, driven mainly by food prices (+5.01% YoY) and modest increases in health costs.
■ On Wednesday (1/10), JCI closed -0.21% lower at 8,043.8 with foreign investors posting net sell of IDR 997.9 billion in the regular market and net buy of IDR 260.4 billion in the negotiated market.
■ According to Relative Rotation Graph (RRG), all long-term yields above 10 years remain in the leading quadrant. Meanwhile, tenors below 10 years are lagging behind the 10-year benchmark, except for the 9-year. To date, all tenors continue to experience weakening momentum compared to the 10-year benchmark.
■ We recommend INDOGB bonds such as FR96, FR90, FR67, FR62, FR58 and INDOIS: PBS35, PBS24, PBS05.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
