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agasukmana

agasukmana
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  • Investing in Indonesia: Another Asian 'Tiger' Roars Ahead [View article]
    While many governments in the west appear to be doing a good job of printing themselves out of trouble. Indonesia looks a model of fiscal sanity. Total public sector debt to GDP has declined for ten consecutive years and stood at 27% as of June and forex reserves swell to US$93bn more than 40% since end of last year on the back of rising export revenues and investments.

    Everywhere in the world you hear deleveraging and austerity measures. But in Indonesia the govt have trouble spending their budget and still leveraging up (public and private sector) as balance sheet of banks and households are cleaner than ever. It is important to note that Indonesia GDP grew at a respectable 4.5% 1Q09 without any stimulus / money printing packages while the rest of the world went on a free fall ride. Now, 3Q2010 GDP was at 5.8% and without govt support, lets say those figure was autopilot GDP.

    I would be buyer of banks and domestic consumption names in Indonesia such as Bank Central Asia, Mandiri, Astra, Mitra Adiperkasa, Unilever, Indocement and Gudang Garam.
    Dec 1 04:17 AM | Likes Like |Link to Comment
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