Indonesia a ‘natural winner’: Nomura

2021.10.21 14:02:53

Blue sky is seen above the usually polluted Jakarta skyline on July 2, 2021, after several days of residents restricting themselves from leaving their homes for fear of contracting COVID-19.(AFP/BAY ISMOYO)이미지 확대

Blue sky is seen above the usually polluted Jakarta skyline on July 2, 2021, after several days of residents restricting themselves from leaving their homes for fear of contracting COVID-19.(AFP/BAY ISMOYO)

Indonesia’s stock market has performed relatively well amid recent market volatility, but research analysts at financial services group Nomura Holdings suggests it is still punching below its weight. While acknowledging that “potential stagflation and geopolitical tensions, along with tapering and likely ensuing interest rate hikes in Indonesia, can be a toxic concoction of risks,” a research report published on Sunday implies Southeast Asia’s largest economy has a leg-up on its regional peers. “Although we view the economic environment as hardly enthusiastic to look forward to in the next year, we think Indonesia provides a relative shelter amidst the challenging mid-to-long term market outlook,” the equity strategists contend, pointing to Indonesia’s speedy recovery from the coronavirus-induced economic crisis.

https://www.thejakartapost.com/news/2021/09/20/asian-stocks-tense-for-fed-tapering-news.html

By Jakarta Post

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