- Economic outlook on the upbeat as reduced uncertainty regarding tariffs and more dovish Fed outlook are coupled with Indonesia's better-than-expected Q2 GDP.
- Improved H2 outlook helps offset weak Q2 earnings which is partly caused by the shifting Ramadan period.
- Businesses still increased their paper investments amid decreased operating cashflow, suggesting a downsize in operations.
- Future capex and corporate spending may rise again, as lower real rates and profit margin spread have increased the appeal of real sector expansion.
