Yuanta Indonesia Morning Journal - 11 Nov 2025

INDUSTRY
• Ministry of Finance to target tax ratio at 11.5% in 2029
• MoEMR hints to cut nickel ore RKAB next year
• Several financial institutions to launch IPO

CORPORATE
• TLKM to collaborate with Space42
• MBMA delivered strong output in 3Q25
• CBRE plans to perform right issue totaling 48bn shares
• ACES reports steady sales, focuses capex on expansion and store revamp
• IMPC strengthens performance and prepares for strategic acquisitions