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Strength
In 2025, we continue to like the defensive nature of the sector with the exception of UNVR; Driven by government stimulus (free meal program) and 6.5% higher minimum wages should help support purchasing power particularly for low-income earners
Weakness
Weakear-than-expected purchasing power as a result of IDR depreciation on the back of higher for longer USD exchange rate may limit consumer companies' ability to pass on potentially higher raw materials costs such as CPO (2024: +33.7%)
Opportunity
Although price increases are unlikely to occur this year, lower raw materials prices such as wheat (2024: -14.8%) and sugar (2024: -5.6%) may still pave the way for margin improvements and price support towards market outperformance for some counters in 2025
Threat
Margin pressures to stem from: 1) trading down market effect by consumers may result in adverse sales mix and 2) fluctuating commodity prices due to La Nina and geopolitical tension; Sizeable 2024 market outperformance for some counters may cause profit taking
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.
