Indonesia election: Most market-friendly result

  • Prabowo (pre-election favourite, Jokowi continuity candidate) 1st round win likely: scoring 60% after 70% votes counted

  • No major economic policy difference between candidates (beyond completion of new capital, to which Prabowo is committed)

  • Avoiding run-off is positive. We are not optimistic on major new reforms but Indo equities attractively valued anyway
February 14th, 2024
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