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2025-12-03 14:05:16
Nomura Upgrades Indonesian Equities to "Overweight," Bullish on Rate Cut Cycle and Policy-Driven Growth. 1. Nomura Securities recently upgraded its investment rating for Indonesian equities to "Overweight," primarily based on attractive valuations and the prospect of domestic policy support for economic growth. Nomura strategist Chetan Seth noted that the Indonesian market had previously lagged behind, but the central bank's entry into a rate-cutting cycle is beneficial to the stock market, and previous market concerns about the central bank's independence, fiscal credibility, policy uncertainty, and spending progress are gradually easing. 2. This rating adjustment comes as Indonesian Finance Minister Purbayar pledged to boost fourth-quarter economic growth through measures such as cash aid and increased government spending. Since August, the Indonesian benchmark stock index has repeatedly hit record highs, with a year-to-date gain of 22%, roughly in line with the MSCI Asia Pacific Index's 23% gain.
