Yuanta Indonesia Morning Journal - 13 Nov 2020

INDUSTRY
• Gaikindo to cut production target to 525k units in FY2020
• Tax incentive absorption rate remains low

CORPORATE
• TLKM to focus on digital business
• Alfamart is becoming more expansive in the Philippines
• Unicharm’s 9M20 earnings dropped
• PWON to set aside IDR1tn capex
• BBRI rumored to acquire Pegadaian and PNM