Indonesia's Manufacturing PMI Fell to 46.7 in Apr-25

Indonesia's Manufacturing PMI Fell to 46.7 in Apr-25

The S&P Global Indonesia Manufacturing PMI declined sharply to 46.7 in Apr-25 (vs Mar-25; 52.4), marking the first contraction since Oct-24 and the steepest drop since Aug-21. The fall signals a significant deterioration in factory activity and overall business conditions. (Trading Economics)

Astra International (ASII) Posted IDR 6.93 tn Net Profit in 1Q25 
ASII recorded a net profit of IDR 6.93 tn in 1Q25 (vs 1Q24; IDR 7.46 tn; -7.12% YoY), mainly due to weak macro conditions and lower coal prices. Revenue grew to IDR 83.36 tn (+2.64% YoY); mainly driven by the financial services segment (+2.68% YoY). Revenue from heavy equipment, mining, construction, and energy fell to IDR 1.95 tn (–29.95% YoY), while automotive and mobility declined to IDR 2.72 tn (– 3.70% YoY). (Bisnis.com)

Barito Renewables (BREN) 1Q25 Net Profit Rose 18.8% YoY 
BREN posted a net profit of USD 34.24 mn in 1Q25 (+18.8% YoY), supported by higher EBITDA, lower financing costs, and slightly higher interest income. Consolidated revenue increased to USD 150 mn (+3.5% YoY), mainly driven by strong output from geothermal and wind segments, with full-quarter contribution from wind assets. (Emitennews)