1Q25: Net Profit -29% YoY, Below Expectations
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Key Takeaways:
Top Losers: The table shows the top losers in the market. The stocks are:
$BBRI
$TLKM
$ Had
$BMTR
Broker Code Opening: The IDX (indonesia Stock Exchange) will soon implement the opening of broker and domicile codes, although not in real-time. Data will be sent during the post-trading session.
Residential Property Slowdown: Residential property price growth is slowing down, reaching +1.07% yoy in 1Q25, the weakest growth as 3Q21. Residential property sales grew +0.73% yoy in 1Q25.
BPI and Eramet Nickel Deal: BPI and Eramet SA are in talks to form a partnership to acquire Zhejiang Huayou Cobalt Co. in Weda Bay Industrial Park.
CATL Loan for Indonesia Plant: CATL is seeking a $1 billion loan to fund its investment in Indonesia, specifically for a joint venture with Indonesia Battery Corporation to build a battery cell factory in Karawang, West Java.
Natural Gas Supply Issues: The realization of gas supply is below the allocation of certain natural gas prices (HGBT), with January 2025 realization at onyl 54%. Excess use will be imposed regasification rates equal to 16.77 US dollars per MMBTU.
Prabowo to Meet Bill Gates: President prabowo Subianto will meet Bill Gates, who is offering support for social programs in indonesia.
Potential Implications:
Broker Code Openness: The opening of broker codes coudl lead to increased market transparency and perhaps impact trading strategies.
Property Market Concerns: The slowdown in residential property growth and sales could indicate a cooling property market.
Nickel Sector activity: The potential BPI/Eramet deal highlights continued activity and investment in the Indonesian nickel sector.
EV Battery Investment: CATL’s loan indicates ongoing investment in Indonesia’s EV battery manufacturing capabilities.
Gas Supply challenges: The natural gas supply issues and regasification rates could impact industries reliant on natural gas.
* Social Program Support: Bill Gates’ support for social programs could have positive social and economic impacts.
the text provides a snapshot of various economic and market developments in Indonesia, ranging from stock market performance to property trends, energy sector challenges, and international investment.