Yuanta Indonesia Morning Journal - 26 Oct 2023

INDUSTRY
• Slow budget spending up to Sep23
• Heavy equipment sales to moderate in 9M23

CORPORATE
• BBTN appreciates incentives to property sector
• CLEO plans to acquire Hermanto Tanoko's bottled water distributor business worth IDR180bn
• KAEF target double-digit growth in FY24
• KMDS to distribute dividend of IDR15/share
• MBAP to distribute interim dividend FY23
• Riding the dollar fluctuation, auto component firms to boost export