Indonesian equities are too cheap to ignore
The Indonesian stock market is priced for bad times, but CPI has fallen sharply and the central bank should start cutting benchmark rates soon. While some companies are suffering cost creep and margin contraction, Mike Churchill continues to find plenty of stocks that are posting good earnings and decent top-line growth. Stocks recently added to his Classical Insights portfolio include: Bank Danamon, Bumi Serpong, Delta Dunia Makmur, Indofood, Jaya Konstruksi, Kobexindo Tractors, Mulia Industrindo, Surya Semesta and United Tractors.
Edition: 175
- 08 December, 2023