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■ Indonesia’s manufacturing sector saw positive turn, with PMI rising to 51.5 in August 2025, signaling a return to growth. The expansion was fueled by stronger output, new orders, and improved foreign demand. The increase in purchasing activity and employment suggests optimism in manufacturing sector despite global challenges.
■ Indonesia’s July 2025 trade surplus of USD 4.18 bn exceeded expectations, driven by front-loading exports before U.S. tariffs took effect. Exports grew 9.86% YoY, with key sectors like palm oil and textiles benefiting from the reduced tariff rate.
■ On Monday (1/9), JCI closed -1.21% lower at 7,736.1 with foreign investors posting net sell of IDR 2,140 billion in the regular market and IDR 14.7 billion in the negotiated market.
■ According to Relative Rotation Graph (RRG), all long-term yields above 10 years remain ahead of the 10-year benchmark, but momentum is somewhat mixed. Tenors 11, 12, 16, 18, and 30 are experiencing strengthening momentum. Meanwhile, tenors 15 and 20 years are experiencing weakening momentum. Meanwhile, short-term yields below the 10-year benchmark are almost all lagging and experiencing weakening momentum. Tenors 9 and 11 years are actually leading, with the 9-year experiencing weakening momentum, but the 11-year is actually strengthening.
■ We recommend INDOGB bonds such as FR91, FR88, FR85, FR67, FR89 and INDOIS: PBS25, PBS35, PBS38.
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.
