U.S. Inflation Eases in Feb-25, Falling to 2.8%

U.S. Inflation Eases in Feb-25, Falling to 2.8%

U.S. inflation eased in Feb-25, with the annual rate falling to 2.8% (vs 3% in Jan-25),below the expected 2.9%. Energy costs declined 0.2% YoY, (vs +1% in Jan-25), with gasoline and fuel oil prices dropping, while natural gas prices surged by 6%. Inflation slowed for shelter, used cars, and transportation, while food prices accelerated to 2.6%. On a monthly basis, the Consumer Price Index (CPI) rose by 0.2%, (vs +0.5% in Jan-25). Core inflation also slowed to 3.1% annually, the lowest since Apr-21, and 0.2% monthly, below forecasts. (Trading Economics)

 

RESEARCH REPORT
SIDO - How Far Can Herbal Power Go?

• FY24 Earnings: In-line with Robust 4Q
• Household Herbal Giant Sustains Growth

• Maintain BUY with lowered TP of IDR720/sh
  (Please refer to our report here)

   

COMPANY
Bank Central Asia (BBCA) Books IDR 54.8 tn Profit in 2024, Announces Leadership Changes
BBCA held its AGMS on 12 Mar-25, approving the 2024 annual report and financial statements. The bank reported a net profit of IDR 54.8 tn for 2024. The AGMS approved a cash dividend of IDR 300/share (+11.1% YoY). This includes an interim dividend of IDR 50/share paid on 11 Dec-24, leaving a remaining IDR 250/share (div. yield 2.74%) to be distributed on a later date. Jahja Setiaatmadja will step down as President Director and transition to President Commissioner, replacing Djohan Emir Setijoso, effective 1 Jun-25. Hendra Lembong has been appointed as President Director, with John Kosasih as Vice President Director and Hendra Tanumihardja as Director, all pending regulatory approvals. (Emitennews)

Goto Gojek Tokopedia (GOTO) Cuts Losses by 94% in 2024, Revenue Rises 8%
GOTO reported a net loss of IDR 5.46 tn in 2024 (+94% YoY, vs IDR 90.5 trn net loss in 2023). This was driven by a rise in revenue to IDR 15.89 tn (vs IDR 14.78 tn in 2023). GOTO's adjusted EBITDA reached IDR 327 bn, surpassing targets, exceeding targets as the company prioritized innovation and cost efficiency. (Bisnis.com)