Consistent policy execution and macro stability could drive a continuous rerating for Indonesian equities, UOB Kay Hian analysts say in a note. The Jakarta Composite Index is one of the world's worst-performing indexes this year. While the JCI has rebounded from its early-June low, the recovery is likely due to positive market sentiment rather than improved fundamentals. Indonesian authorities responsible for the capital market have until November to prove the effectiveness of their transparency and governance reforms to avoid being downgraded to frontier-market status by MSCI. UOB KH has an end-2026 JCI target of 7500. The benchmark index is down 2.6% at 5668.60. (amanda.lee@wsj.com)
Dow Jones Newswires
Policy Execution Needed for Indonesian Equities Rerating — Market Talk
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Consistent policy execution and macro stability could drive a continuous rerating for Indonesian equities, UOB Kay Hian analysts say in a note. The Jakarta Composite Index is one of the world's worst-performing indexes this year. While the JCI has rebounded from its early-June low, the recovery is…