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Which will grow faster: India or Indonesia? (The Economist)

Largest Indonesian companies are Pertamina and PLN, since their stake owned 100 % by government so their stakes are not traded in stock market. MIN ID is also not traded in stock market despite it owns 51 % Freeport Indonesia and 20 % Vale Indonesia.

How about see the assets as Indian companies market capitalization is big due to being inflated by their stock market hype. See how Andani business market valuation can be busted so easily....

If Indonesia GDP growth is greater than India, I bet many foreign investors will see India PE ratio as too expensive

This Indian Q1 2023 growth rate will be important to see Indian companies future value in their stock market. Will foreign investors still see them the same if Indian economic growth is not as phenomenal as their economists like to project...?

Adani has stabilised and recovering market cap now though (when many kept saying it would be wiped away altogether)....not to mention its just one of many companies there.

Indonesia needs to diversify and invest in value addition a lot more. It is too reliant on natural resources still (coal, gas, palm oil etc) and this does not give the large qualitative market caps needed to leverage going forward for large population countries that need much more value addition sectors.

Results of Indonesia missing out (given lead it had over India 10 years ago, but now India has gained compared to it, even though India is a relative laggard compared to its potential):

Total export:

2012 INA = 230 billion USD
2022 INA = 290 billion USD (most growth coming from last 2 years)

2012 IND = 450 billion USD
2022 IND = 770 billion USD (most growth coming from last 2 years as well)

Forex level:

2012 INA = 120 billion USD
2022 INA = 140 billion USD

2012 IND = 300 billion USD
2022 IND = 600 billion USD

If Indonesia wants to make real gains this decade, we will need to see better composition and scale in its market cap (this is proof in the pudding), specifically in companies that have measurable value addition (and export oriented) and are not just traditional natural resource, finance, real estate etc.

When it comes to Unicorns, again India has created more than 100 so far, Indonesia only about 10. Its not good enough. Indonesia need to shift gears here.
 
How about see the assets as Indian companies market capitalization is big due to being inflated by their stock market hype. See how Andani business market valuation can be busted so easily....
Yet after those false accusations, Adani is still growing.
If Indonesia GDP growth is greater than India, I bet many foreign investors will see India PE ratio as too expensive
That won't happen
This Indian Q1 2023 growth rate will be important to see Indian companies future value in their stock market. Will foreign investors still see them the same if Indian economic growth is not as phenomenal as their economists like to project...?
Expected is more than 5%
 
ChatGPT is only maybe 1% of AI field

and i'd rather speak with ChatGPT than "Michael" from AT&T tech support
Yeah then go ahead, there probably already is a thread on AI and it's implications on human job market.

What you're posting here is off-topic.
 
AlhamduliLLAH

Breaking News


This project is going on (Just stated by Indonesia Investment Minister Today)

Nickel mine from Papua Island (Papua has big nickel reserve ? surprise AlhamduliLLAH)
Smelter will be built in Sulawesi Island with green technology
Participation: Bakrie Group, ANTAM (SOE miner), British company, Chinese company, Belgian company
End2End Value Chain of EV industry from mining into EV Battery production

Indonesia's Bakrie Group seeks nickel mine, partners up for $9bln EV project​


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January 22, 2023

The conglomerate launched a consortium last month with Chinese energy firm Envision and global commodity giant Glencore to explore investment into an industrial park for the global nickel supply chain

JAKARTA - Indonesian conglomerate Bakrie & Brothers is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday.

Also known as the Bakrie Group, which has interests in coal mining, media and property, the conglomerate launched a consortium last month with Chinese energy firm Envision and global commodity giant Glencore to explore investment into an industrial park for the global nickel supply chain.

The company's chief executive Anindya Bakrie told a forum on the sidelines of the World Economic Forum in Davos this week the planned 2,000-hectare (nearly 5,000 acres) park will need $9 billion worth of investments for everything from nickel smelting to manufacturing batteries.

Gilarsi W. Setijono, chief executive of Bakrie Group's EV distributor unit PT VKTR Teknologi Mobilitas, said the Indonesian company plans to acquire a nickel mine in Central or Southeast Sulawesi to supply the park.

"[The mine will] have enough reserves for around 140 Gigawatt-hours (of batteries) in the next 25 years," he told reporters, without disclosing further details.

The consortium, called Indo-pacific Net-zero Battery-materials Consortium (INBC), has set a target to start producing nickel-based precusors - used to make EV batteries - by 2026, with an annual capacity equivalent to 120 GWh to be sold to Britain and European markets, Gilarsi said.

It also aims to produce 20 GWh worth of EV batteries per year by 2028 for both domestic and export markets, he said.

The consortium will launch a pre-feasibility study in March and firm up each company's investment afterwards, Gilarsi said, noting that Bakrie Group hopes to become a controlling stakeholder.

Separately, Bakrie's VTKR plans to launch a $60 million initial public offering in the first half of 2023 to invest in its own EV production, Gilarsi said.

Indonesia is keen capitalise on its rich nickel reserves to develop battery and EV industries. Once a major exporter of nickel ore, it stopped outbound shipments of the raw material in 2020 to make sure investors have enough for domestic processing.

Envision and Glencore did not immediately respond to request for comments.

(Reporting by Stefanno Sulaiman; Editing by Gayatri Suroyo and Kanupriya Kapoor)


Related news

 
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India's gross domestic product (GDP) grew at 6.1 per cent in the last quarter of the previous fiscal, with the government now estimating the overall growth rate of FY23 to be 7.2 percent, Ministry of Statistics & Programme Implementation (MOSPI) data showed Wednesday.


@Indos @CallSignMaverick
 
India's gross domestic product (GDP) grew at 6.1 per cent in the last quarter of the previous fiscal, with the government now estimating the overall growth rate of FY23 to be 7.2 percent, Ministry of Statistics & Programme Implementation (MOSPI) data showed Wednesday.


@Indos @CallSignMaverick
From 4.5% estimate to 6.1 is huge jump. For full year, 7% estimate to 7.2% is also a big jump.
 
Nice, congrats. No complaint though, better Indian economic growth will also be good for our export.
India's GDP for FY 22 is revised upwards from 8.7% to 9.1%

This is high growth over a higher base previously estimated.

@Indos This growth is phenomenal. 8.7% revised to 9.1% and 7% consensus revised to 7.2%.
 

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