Yuanta Indonesia Morning Journal - 28 May 2020

INDUSTRY
• Handset sales down -7.3% YoY and -24.1% QoQ
• Government to issue new debt of IDR990tn
• Toll road traffic continues to decline
• Manufacturing utilization down to 20-30% in 2Q20

CORPORATE
• Ramayana (RALS IJ) expects sharp decline in profitability