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Weekly Report - A New Risk
January 20, 2015 09:52

The market still lacks direction with outflows dominating last week. In particular, the cement sector lost ground after the government intervened in the cement market by asking cement SOEs to cut their selling prices. This will arguably lead to concerns on further government intervention beyond the cement sector. At this point, however, we don’t think that such fears are warranted. In our view, Indonesia’s transformation story remains valid and we are confident that a more pronounced transformation can be realised going forward.