Citigroup's Wong: Recommends Buying Indonesian Stock

The video discusses the impact of the Delta variant on Indonesia's market, highlighting government restrictions and their effects on COVID-19 cases. It anticipates market recovery in the fourth quarter with upcoming IPOs like Bukalapak and GoTo. Investment opportunities are expected in recovery sectors such as banks, healthcare, and tech. The role of government stimulus in boosting the economy is emphasized, particularly for middle to low-income groups. The inclusion of Indonesian stocks in the MSCI Index is also discussed, with expectations of increased investment interest.

What is the expected timeline for the relaxation of emergency restrictions in Indonesia?

• By the end of September

• By the end of August

• By the end of July

• By the end of June

Which sector is expected to be a key player in the recovery phase post-pandemic?

• Manufacturing

• Banks

• Retail

• Tourism

What is one of the main challenges facing the Indonesian economy according to the transcript?

• High inflation rates

• Lack of government stimulus

• Rising unemployment

• Decreasing foreign investments

What percentage of the total budget did the Indonesian government allocate for stimulus this year?

• 1%

• 4%

• 3%

• 2%

How many Indonesian companies were excluded from the MSCI index in the past four years?

• 7

• 6

• 8

• 5

What is the expected impact of tech IPOs like Bukalapak on the Indonesian market?

• Decrease in market volatility

• Reduction in inflation

• Increase in market appetite

• Stabilization of currency

What is the significance of the Bukalapak IPO in Indonesia?

• First e-commerce IPO in Indonesia

• First tech IPO in Southeast Asia

• Largest IPO in the world

• First IPO in the financial sector