Yuanta Indonesia Morning Journal - 12 Oct 2026

INDUSTRY
• State budget realization Sep26 – on track
• Government to relax tax restitution
• Domestic CPO production and inventory to tighten
• Automotive sales up +21% up to Sep26
• Sweetened beverages excise tax to be implemented in 2H27, rate remains under discussion
• Weakening global demand drive Apple to cut October component orders for iPhone 18


CORPORATE
• GJTL to develop tire for EVs
• AALI targets 8,000ha replanting on its 2027 capex usage
• Haji Isam pledges controlling stakes in JARR and PGUN to BMRI