{
    "success": true,
    "data": {
        "id": 2062160,
        "msgid": "do-not-conflate-msci-sentiment-with-fundamentals-ojk-says-1793325056",
        "date": "2026-10-30 08:20:14",
        "title": "Do Not Conflate MSCI Sentiment with Fundamentals, OJK Says",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "OJK Chair Friderica Widyasari Dewi urged businesses to distinguish market sentiment surrounding MSCI from company and Indonesian economic fundamentals. She cited growth in listed companies\u2019 revenues and profits, strong bank lending and capital indicators, and raised forecasts for Indonesia\u2019s 2026 and 2027 growth as reasons for confidence in the capital market.",
        "content": "<p>Jakarta, CNBC Indonesia \u2013 The Financial Services Authority (OJK) has\nurged businesses to distinguish sentiment related to MSCI from the\nfundamentals of companies and the Indonesian economy, amid turbulence in\nthe stock market.<\/p>\n<p>OJK Board of Commissioners Chair Friderica Widyasari Dewi said that,\nbased on listed companies\u2019 second-quarter 2026 reports, 72% of companies\non the Indonesia Stock Exchange (IDX) recorded revenue growth of around\n15%, while net profit rose by 16%.<\/p>\n<p>\u201cSo, in fact, the fundamentals of these companies are quite good. And\nyou know more than I do about the potential of mining and other sectors,\nwhich have enormous potential for the future,\u201d she said at the\nIndonesian Chamber of Commerce and Industry\u2019s (Kadin) national\nleadership meeting in Jakarta, according to a report on Friday (30\nOctober 2026).<\/p>\n<p>Friderica, commonly known as Kiki, also said Indonesian banks had\nsome of the highest net interest margins (NIMs) in the world. She said\ncredit growth reached 13.6% in the previous month, its highest level in\n10 years, before easing slightly to 13.2%.<\/p>\n<p>Total lending exceeded Rp9,200 trillion, while third-party funds\n(DPK) grew by double digits to Rp10,492 trillion. The capital adequacy\nratio stood at 24.3%, the non-performing loan (NPL) ratio at 2.07%, and\nliquid assets as a proportion of third-party funds at 24.08%. Corporate\nlending grew by 21.03%, while lending to micro, small and medium-sized\nenterprises rose by 2.68% after contracting early in the year. The\nindustry\u2019s loan-to-deposit ratio (LDR) was 88.11%.<\/p>\n<p>\u201cBank lending is in line with the sales performance of listed\ncompanies in Indonesia\u2019s capital market. Manufacturing, trade,\nagriculture, construction and other sectors are also performing very\nwell,\u201d she added.<\/p>\n<p>Friderica said that, despite oil prices exceeding US$100 a barrel and\nsocial tensions in various parts of the world, institutions including\nthe IMF, World Bank and OECD had raised their forecasts for Indonesia\u2019s\neconomic growth in 2026 and 2027. She urged businesspeople to remain\nconfident in the future of the capital market.<\/p>\n<p>She said these factors fostered optimism and hope that sectors could\ndeliver strong performance, continuing to support business\ndevelopment.<\/p>\n<p>\u201cSo distinguish current sentiment from the fundamentals of these\ncompanies and of the Indonesian economy,\u201d she concluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/do-not-conflate-msci-sentiment-with-fundamentals-ojk-says-1793325056",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}