Indonesia's Manufacturing PMI Rose to 51.9 in Jan-25

Indonesia's Manufacturing PMI Rose to 51.9 in Jan-25

Indonesia's Manufacturing PMI increased to 51.9 in Jan-25 (vs Dec-24; 51.2), indicating continued expansion in the sector. The country's PMI has averaged 50.1 since 2012, reaching a peak of 57.2 in Oct-21 and a low of 27.5 in Apr-20. (Trading Economics)

 

ECONOMIC REPORT
FOMC – Some Alarms, but No Suprises

• The FFR remains unchanged at 4.50-4.75%, in line with market expectations
• Despite the hawkish tilt in recent FOMC remarks, the USD index and UST yields are declining

• Global financial market shocks are likely to challenge the Rupiah's newfound stability
  (Please refer to our report here)

   

COMPANY

Aneka Tambang (ANTM) Allocated IDR 271.49 Bn for Exploration Costs in 2024
ANTM allocated IDR 271.49 bn for exploration activities in 2024. Gold exploration took place in the Pongkor area, West Java, focusing on in-mine drilling (underground) and deep drilling (surface). The Co was exploring the possibility of acquiring new gold mining blocks to increase its added value. As of 3Q24, the Pongkor mine reported gold reserves of 185,000 oz and resources of 528,000 oz. (Bisnis.com)

 

Mayora Indah (MYOR) Allocates IDR 1 Tn Capex for 2025 Growth
MYOR has allocated IDR 1tn in capex for 2025, focusing on strengthening its packaged foods and beverages sectors. This represents a decrease from the IDR 2 tn capex allocated in 2024 for capacity expansion and product development. MYOR's net profit for 9M24 reached IDR 2.01 tn (-0.49% YoY), while net sales grew by 11.97% to IDR 25.63 tn. (Kontan)