Yuanta Indonesia Morning Journal - 18 Oct 2023

INDUSTRY
• Cement demand up +4.4% YoY
• New loans to increase in 3Q23
• Weakening in Rupiah might drive the increasing 4W ASP


CORPORATE
• FREN to issue rights issue
• INTP to acquire Semen Grobogan
• CLEO will open four new factories
• PMMP to conduct the right issue
• SKLT’s subsidiary was purchased by Mitsui Group and require approval for stock split
• SMSM is confident about the export performance
• PANI reports 9M23 marketing sales of IDR1.7tn
• Patrick Walujo secured more shares in GOTO