Good morning,
Consumer Confidence
slips by 3.5 points MoM, up by 6 points QoQ
Bank
Indonesia’s Consumer Survey indicated that consumer confidence is still in
the optimistic level despite a 3.5 points decrease in June 2017 to 122.4. The
city of Makassar and Banten posted the highest declines in the Consumer
Confidence Index (CCI) in June 2017 by -18.8 and -14.3 points respectively.
The June 2017 figure puts CCI for 2Q17 at 124.0, a 6-point increase from
1Q17. Consumers’ income is boosted by Tunjangan Hari Raya (THR), but
employment availability for the next 6 months drags the CCI. Meanwhile, price
increase for the next 3 months is expected to soften, showed by a 13.1-point
decrease in the Price Expectation Index (IEH) to 163.9. (Bank Indonesia)
Link
to daily report: Indonesia Morning Cuppa 120717
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Media Highlights:
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Corporate
Semen Indonesia establishes company in
building materials sector
Indah Kiat Pulp and Paper targets 5% sales
growth in 2017
PP Properti has used 64.08% of rights
issuance proceeds
Multi Bintang Indonesia diverts its
non-alcoholic beverage factory
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Our
Recent Publication:
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Sector Update: Plantation – Cautious Mode
On
Link to report: Plantation:
Cautious Mode On
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Company Update: Bank Negara Indonesia –
Gaining Momentum
Link to report: Bank
Negara Indonesia : Gaining Momentum
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Strategy: Smoother Homecoming
Link to report: Indonesia
Strategy: Smoother Homecoming
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Sector Update: Coal Mining – China’s Hydropower Capacity Cut – a
Potential Upside
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Economics Update: M2 Growth Continues Uptrend, Loan
Growth Moderates
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Sector Update: Food & Beverage Products
– Potential Impact Of Recent Wheat Price Jump
Link to report: Potential
Impact Of Recent Wheat Price Jump
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Sector Update: Retailing – Back To School
After The Lebaran Holidays
Link to report: Back
To School After The Lebaran Holidays
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Economics Update: June Inflation Inches Up Amid
Aidilfitri Festivities
Link to report: June
Inflation Inches Up Amid Aidilfitri Festivities
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Economics Update: Growth To Strengthen In
2H On Resilient Domestic Demand
Link to report: Growth
To Strengthen In 2H On Resilient Domestic Demand
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Company Update: Semen Indonesia – ASP Sees a Slower Reduction In May
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Best regards,
Helmy Kristanto
Director
Head of Indonesia Research
PT RHB Sekuritas Indonesia
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