FROM EQUITY RESEARCH DESK

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MARKET NEWS

MACROECONOMY

US PCE Inflation Rising 2.8% yoy in Feb26

US PCE Inflation rising 2.8% yoy in February 2026 and core easing slightly to 3.0%, both in line with expectations. On a monthly basis, headline and core prices increased 0.4%, driven by a rebound in goods prices, while services inflation moderated. Despite stable inflation, consumer spending rose 0.5% but income fell 0.1%, and Q4 2025 GDP was revised down to 0.5%, pointing to softer growth. The data suggests persistent inflation above target alongside slowing activity, keeping the Fed cautious on rate cuts. (CNBC)

 

SECTOR

Commodity Price Daily Update Apr 9, 2026

Indonesian Government Prepares Measures to Curb Rising Plastic Prices

The government is preparing special measures to mitigate rising plastic prices driven by higher raw material costs and volatile global oil prices amid Middle East tensions. Authorities are closely monitoring global commodity movements and exploring policy options, although solutions are expected to take time given supply complexities and geopolitical uncertainties. (Kontan)

 

Telco: Komdigi to Begin Selection Process for 700 MHz and 2.6 GHz Radio Frequency Bands in 2026

Komdigi has announced that it will begin the selection process for the 700 MHz and 2.6 GHz radio frequency bands in 2026 as part of efforts to expand connectivity to remote areas. This initiative also aims to enhance the quality of mobile services across Indonesia by providing additional radio frequency spectrum that can be utilized and optimized by mobile network operators. (Komdigi)

 

CORPORATE

AVIA Approves Rp1.36tr Cash Dividend

AVIA has approved a cash dividend of Rp1.36tr, equivalent to Rp23 per share, at its AGMS. The dividend represents a 78.18% payout ratio of FY25 net profit and includes an interim dividend of Rp654bn distributed in November 2025. (Kontan)

 

MEDC Issues US$200mn Notes for Refinancing

MEDC issued US$200mn in senior notes due 2030 at an 8.625% coupon and 103.072% issue price, as a tap of its existing US$400mn notes. Proceeds will be used for refinancing and debt repayment, with management stating no material impact on operations despite higher leverage. (Emiten News)

 

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