Yuanta Indonesia Morning Journal - 29 Jan 2026

INDUSTRY
• Reconstruction efforts in Sumatera budgeted at IDR74tn
• MoF to implement export levy on coal starting 1M26
• Perminas to takeover Mertabe’s mine site operations

CORPORATE
• EMAS to aim first gold pour via heap leach in 1Q26
• MIDI Accelerating Store Rollout to Drive 2026 Growth
• JPFA benefited from MBG
• BBCA to conduct a maximum IDR5tn share buyback
• BMRI to deconsolidate BRIS from financial statements