- “Jokowi’s victory is potentially as important as Modi’s was for India,” says Jim O'Neill, formerly of Goldman Sachs and "BRIC" coinage fame.
- Indonesia, says O'Neill has massive potential and Jokowi could be the man to unleash it, but he's got plenty of vested interests to take on first. Then there's expectations - they're perhaps higher in Indonesia than they are in India, meaning there's a particularly large amount of room for disappointment.
- The Jakarta Composite is up 21.1% YTD, and 9.1% over the past year, and stocks trade at a pricey 16x forward earnings, notes Macquarie's Sam Le Cornu. It's a 20% premium to the 10-year historical average and not far from their 2008 peak valuations.
- ETFs: IDX, EIDO, IDXJ
From other sites
at Nasdaq.com (Mar 19, 2015)
at Nasdaq.com (Dec 15, 2014)
at MarketWatch.com (May 22, 2014)
at MarketWatch.com (May 15, 2014)
at MarketWatch.com (Mar 20, 2014)
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