Key Indices


Top Stories
Strategy | Indonesia Banks: Free-Float Compliance Faces A Valuation Hurdle
- Our screen estimates Rp21.4t of potential supply across 26 banks, assuming selldowns. Issuers with over Rp5t market caps must reach 12.5% public float by Mar 27 and 15.0% by Mar 28; smaller issuers have until Mar 29. Weak valuations could delay execution. BRIS has proposed a rights issue; BNGA, BDMN and BNLI are assessing options. We advise waiting for BRIS’ final terms before increasing exposure, and assess other opportunities against pricing, profitability and dilution. Higher float alone does not justify buying.
Technical Analysis
Super Bank Indonesia | SUPA IJ
- Trading Buy Range: We have a technical Buy at Rp496, and take profit at Rp525.
United Tractors | UNTR IJ
- Trading Buy Range: We have a technical Buy at Rp27,000, and take profit at Rp28,500.
Top Stories
Strategy | Indonesia Banks: Free-Float Compliance Faces A Valuation Hurdle
- Our screen estimates Rp21.4t of potential supply across 26 banks, assuming selldowns. Issuers with over Rp5t market caps must reach 12.5% public float by Mar 27 and 15.0% by Mar 28; smaller issuers have until Mar 29. Weak valuations could delay execution. BRIS has proposed a rights issue; BNGA, BDMN and BNLI are assessing options. We advise waiting for BRIS’ final terms before increasing exposure, and assess other opportunities against pricing, profitability and dilution. Higher float alone does not justify buying.
Technical Analysis
Super Bank Indonesia | SUPA IJ
- Trading Buy Range: We have a technical Buy at Rp496, and take profit at Rp525.
United Tractors | UNTR IJ
- Trading Buy Range: We have a technical Buy at Rp27,000, and take profit at Rp28,500.
Key Indices


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