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■ At its August 2025 policy meeting, BI surprised market players by implementing 25 bps rate cut to 5.00%, bringing BI rate to its lowest level since Oct-22 and signalling stronger support for economic growth amid manageable inflation, although IDR has been underperforming compared to other regional currencies.
■ Finance Minister Sri Mulyani confirmed MBG received IDR 24.7 tn in allocation from healthcare budget, in addition to IDR 335 tn from education. Beneficiaries include pregnant women, mothers, toddlers, and 82.9 million students nationwide. The program remains the central pillar of Prabowo’s social agenda.
■ On Monday (20/8), JCI closed +1.03% higher at 7,943.8 with foreign investors posting net buy of IDR 775.5 billion in the regular market and net sell of IDR 8.7 billion in the negotiated market.
■ According to Relative Rotation Graph (RRG), all long-term tenors above 10 years are still leading, as are 8- and 9-month tenors since last week. Most tenors below 10 years experienced strengthening momentum, with the exception of 1-3 and 6-year. Meanwhile, tenors longer than 10 years generally experienced weakening momentum, with the exception of the 13-year tenor, which saw a slight increase.
■ We recommend INDOGB bonds such as FR64, FR93, FR91, FR56, FR67 and INDOIS: PBS17, PBS21, PBS35.
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.
