印度尼西亚市场日报（2025年7月1日）

July 1, 2025 MarketReview TheJCI rebounded to the 6,900 level,supported by positivedevelopmentsinglobaltrade.USmarkets extended their rally,with the S&P 500 and Nasdaq hitting new recordhighs,boostedbya2.03%gaininAppleafterreportsitmayusethird-partyAI to upgrade Siri.The Senate also advanced a bill that wouldpermanentlyextend the 2017 tax cuts,impacting global markets.Europeanstocksmostlyfell,weigheddownbyproposedrestrictionsonwindprojecttaxcredits.Meanwhile,Germany’s inflation eased to 2%YoY in June,matchingtheECB’starget.AsianmarketsareexpectedtoopenmixedastheUS90-daytariffreprievenearsexpirationnextweek. TheJCIextendeditsgainsfollowingthelongholiday,closingup+30.28points(+0.44%)to 6,927.68 on Monday.Market sentiment was lifted byencouragingdevelopments on the global trade front,particularly theannouncementby US President Donald Trump that the US and China hadreachedatradeagreement.Althoughdetailsofthedealremainundisclosed,themarket responded positivelyto the prospect of easing tensions betweentheworld's two largest economies,especially after a prolonged period ofprotectionistpolicies and tariffs.Since April,the US had implementedsubstantialtariffs on various imports,which global markets.However,thetemporarysuspensionofmosttariffsfor90days,settoexpireonJuly9,andTrump’ssignal of possible tariff flexibility ahead of the deadline,furthersupportedrisk-on sentiment in Asian markets,including Indonesia.Locally,theJCI’s advance was primarily supported by a strong performance in theindustrialsector,particularly the Basic Materials sector which surged by+3.41%,and the Consumer Cyclical sector which rose+2.31%.Notably,sharesofMBMAsoared+15.00%,drivenbyenthusiasmfollowingitsinclusioninthe MSCI Indonesia Small Cap Index,a move that typically attractsinstitutionalinflows.Meanwhile,SIMP gained+11.35%on dividend-relatedmomentumahead ofits ex-date on July 1,with shareholdersset to receiveIDR20pershareonJuly22.Despitethebroaderuptrend,weaknessesintheFinance(-0.41%)and Technology(-0.33%)sectors partially capped JCI’sgains.BBRIsawa-2.35%declinefollowingthereleaseofitsMayperformancereport,which showed a-14.87%YoY drop in net profit(bank-only)to IDR18.64 trillion.While still negative,this figuremarks a steady recovery fromthesharp-58.34%YoY decline posted in January.The narrowing profitcontractionreflects improving interest income and credit growth,offering acautiouslyoptimisticoutlookforthebankingsectormovingforward. FOREIGN MOST BUY (NET) Source: IDX TradingValue:IDR13.63trillionForeignNetSell:IDR358.96billion CompanyNews PTAnekaTambangTbk(ANTM)ANTMis projected to benefit significantly from the groundbreaking of an integratedEV battery ecosystem in Artha Industrial Hills,Karawang,WestJava.ThisprojectisacollaborationbetweenANTM,IBC,andCBL.Theprojectincludessix facilities with a total development area of 3,023 hectares.TheKarawangbattery plant will initially have a capacity of 6.9 GWh and isexpectedto commence commercial operations by late 2026.The project,valuedatUSD5.9billionanddesignatedaPSN.Source:InvestorDaily Source: IDX PTSamuderaIndonesiaTbk(SMDR)SMDRhasannouncedthedistributionofdividendstotalingIDR180.13billion forthe2024fiscalyear,followingapprovalatitsAGMSonJune30,2025.Thisincludesan interim dividend of IDR 2 per share paid in August 2024 and afinaldividend of IDR 9 per share,bringing the total dividend toIDR 11 pershare.BasedonthecurrentsharepriceofIDR318,thefinaldividendoffersayieldofapproximately2.83%.Despitea13.59%declineoverthepastweek,SMDRshareshavegained38.26%overthelast3months.Source:InvestorDaily Source: Bloomberg Source: Bloomberg Stocks, Bonds, Foreign Exchange