PT Panin Asset Management

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January 17, 2018


Indonesia Economy -

In the last month of 2017 Indonesia posted

a USD 270 million trade deficit according to the latest data from

Statistics Indonesia (BPS). Indonesia posted a trade surplus in all

months of 2017 with the exception of July and December.

Indonesia's exports reached USD 14.79 billion in December 2017,

up 6.93% yoy from the nation's exports in the same month one

year earlier. Meanwhile, its imports reached USD 15.06 billion,

up 17.83% yoy from imports. Hence, the trade deficit in

December 2017 was caused by rapidly rising imports, boosted by

the purchase of raw materials and capital goods for local

manufacturing purposes. Meanwhile, December exports did not

live up to expectations due to a slowdown in automotive parts

and vegetable oil shipments.


Mi utes fro the Europea Ce tral Ba k’s eeti g i

December suggested the bank may take a more hawkish stance

on its monetary policy. While rate-hike speculation has ramped

up, Bundesbank President Jens Weidmann, who tends to be on

the hawkish side of ECB poli y, said i

i e t risk of a ha ge is

s all for the o e t, a Reuters re

port quoted him as saying in

Germany. The ECB will next meet on Jan. 25.



PT Indika Energy allocates capex of USD 140 million this

year. Majority of the proceeds will be used for heavy equipment

maintenance of its subsidiary, PT Petrosa.


PT PP Presisi targets IDR 700 billion contribution to

revenue (eqv. 10

15% of revenue) from its hauling business in



PT Totalindo Eka Persada books IDR 1.4 trillion new

contract up to the third week of January 2018. In addition, TOPS

target IDR 4.2 trillion new contract in 2018.


PT Austindo Nusantara Jaya will strengthen its sago

busness this year. The company plans to raise the production

capacity of its sago factory in Papua from 1,260 tonnes per month

to 3,000 tonnes.


PT PP Presisi booked IDR 5.9 trillion new contract in 2017


% fro FY 7’s target.

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