Research & Stock Picks

Economic Reports

02 October 2025

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Samuel Daily Economic Insights 3 October 2025

■ State asset fund Danantara has issued IDR 50 trillion in patriot bonds to finance renewable energy and other strategic projects.

■ Freeport-McMoRan will divest 12% of its stake in PT Freeport Indonesia to the government, and as part of the agreement, will also finance the construction of two schools and a hospital in Papua.

■ On Wednesday (1/10), JCI closed +0.34% higher at 8,071.1 with foreign investors posting net sell of IDR 1,366.1 billion in the regular market and IDR 54.3 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 FR81, FR75, FR70, FR67, FR59 and INDOIS: PBS35, PBS22, PBS21.

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