• Sectoral Review

    • sectoral review
    • sectoral review
      • December-2022: Stable Outlook for Domestic Pulp and Paper Industry
        PEFINDO is of the view that the outlook of the pulp and paper industry in Indonesia is stable with the risk profile of moderately high. Our view is attributable to relatively strong demand of pulp and paper products in the near to medium term, while additional supply will come into effect in the medium term. The demand is buoyed by the growing population and the change of lifestyle to online shopping with the rise of food and goods delivery, albeit with fears of global recession that may decelerate the global demand growth. More detail ...
      • October-2022: General Insurance Outlook: Gradual Growth amid Economic Recovery after Pandemic
        PEFINDO is of the view that the outlook of general insurance industry is stable in the near to medium term, highlighted by the improvement of business environment amid the recovering economic after pandemic, as premiums and claims gradually return to normal levels. As of June 30, 2022 (1H2022), the gross premium grew by 20.0% YoY (year on year), at IDR46.0 trillion in 1H2022 from IDR38.4 trillion in 1H2021, which mostly came from property, motor vehicle and credit insurance segments, the three largest contributors. In line with growing premiums, gross claims have also increased to IDR17.8 trillion from IDR13.1 trillion at the same period or growing by 35.7%, a higher rate than that of premiums but from a much lower base, mainly derived from credit insurance, property, and health insurance segments. More detail ...
      • August-2022: Indonesia Packaged Food and Beverage Industry
        PEFINDO is of the view that the packaged food and beverage (F&B) industry in Indonesia will remain stable in the near to medium term, although some challenges will limit the sector growth. We view the risk profile of the packaged food and beverage industry as low on the rationale of stable growth and strong domestic demand due to basic needs, and large population base, especially the productive age with large spending potential. Per capita spending on food and beverages grew by 10.0% in the past nine years from IDR92,254 per month in 2013 to IDR197,682 per month in 2021. These characteristics provide an enormous opportunity for the F&B business to grow in the long term. More detail ...
      • June-2022: Strengthening Resilience Amid High Volatility
        We view that the bond market will remain volatile in the near future. The US central bank is likely to maintain its aggressive monetary policy. And central banks in developed countries also took a similar stance in line with the inflation rate, which was far above the target. And finally, it creates a wave of tighter monetary around the world to avoid pressures from capital outflows, which can worsen exchange rates and economic stability. More detail ...
      • April-2022: Indonesian Transportation Infrastructure
        We are of the view that the outlook for transportation infrastructure will remain stable, though we believe that some subsectors will continue to operate at a much challenging operating environment compared to the pre-pandemic levels. It is no doubt that transportation infrastructure such as toll roads, railways, and airport, is and always will remain critical to the well-functioning of economic activities as it ensures everyday mobility of people as well as production and distribution of goods. Therefore, having a quality infrastructure is fundamental to a country’s economy and its future competitiveness. However, the Covid-19 pandemic has severely affected the demand for transportation infrastructure operators because of the government’s measures, not only domestically but also worldwide, to contain the pandemic through mobility restrictions and social distancing measures. More detail ...
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