Prabowo Launched BPI Danantara, Aiming for the World's Largest Sovereign Wealth Fund

Prabowo Launched BPI Danantara, Aiming for the World's Largest Sovereign Wealth Fund
President Prabowo Subianto inaugurated the sovereign wealth fund BPI Danantara, targeting over USD 900 bn (IDR 14,000 tn) in assets. Initial investments of USD 20 bn (IDR 326 tn) will come from the 2025 state budget. Danantara will focus on key sectors like nickel, copper, AI, data centers, and renewable energy. Seven major state-owned enterprises, including Pertamina, PLN, and Telkom, will be under its management. The Govt. expects this initiative to boost national economic growth to 8%. (Emitennews)

 

RESEARCH REPORT
Oil & Gas – A Cautious Stance in an Unpredictable Market

• What happened in 2025?
• What are the chances to go up?
• Lower price is still possible
• Maintain NEUTRAL View for Oil & Gas Sector

(Please refer to our report here)

 

MACROECONOMY
Indonesia's Money Supply M2 Reached IDR 9,232.8 tn in Jan-25

Indonesia's M2 money supply grew 5.9% YoY to IDR 9,232.8 tn in Jan-25, up from 4.8% YoY in the previous month. This marks the highest level on record, with M2 averaging IDR 2,106.3 tn since 1980. The lowest recorded level was IDR 5.16 tn in Feb-80. (Trading Economics)

 

COMPANY

BCAS: AUTO - Posted IDR 2.03 tn Net Profit in 2024 In line with Ours and Above Cons

AUTO recorded a net profit of IDR 2.03 tn in 2024 (+10.38% YoY), with revenue rising to IDR 19.07 tn (+2.28% YoY). Revenue was driven by the automotive components segment at IDR 11.23 tn and the trading segment at IDR 9.32 tn. Cost of revenue increased to IDR 16 tn (+2.81% YoY), slightly lowering gross profit to IDR 3.06 tn (-0.43% YoY). Cash and equivalents rose to IDR 3.61 tn (+31.70% YoY). (Bisnis.com)