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Gold prices have fluctuated, with Antam gold now priced at IDR 2,004,000 per gram, while UBS remains stable at IDR 1,949,000. Galeri24 gold prices range from IDR 1,925,000 for 1 gram to IDR 1,877,933,000 for 24,000 grams, reflecting varying market conditions.
One% Nutrition, an Indonesian health brand, has secured pre-seed funding from Init 6, founded by Bukalapak's creators, and Malaysia's First Move. The company offers a sugar-free strawberry-flavored protein drink with 16 grams of protein, aiming to address low protein consumption in Indonesia. Funds will be used to expand product offerings and markets across Southeast Asia.
Gold prices have declined for two consecutive days, with Antam's gold dropping to IDR 1,999,000 per gram, Galeri24's to IDR 1,908,000, and UBS's to IDR 1,940,000. The prices for various weights of gold products from these manufacturers are detailed, reflecting the current market trend.
UBS analyst Permada Darmono upgraded Unilever Indonesia's share rating from 'Sell' to 'Neutral' and raised the price target to IDR 1,800, following a 12% rise in share price after Q1 2025 results. The company's strategies to enhance business fundamentals are yielding positive outcomes, with profits more than doubling and a slowdown in market share decline. Market expectations align with a projected 3% revenue CAGR from 2025 to 2034, reflecting confidence in Unilever Indonesia's financial performance.
UBS has upgraded Unilever Indonesia's rating to "Neutral" from "Sell" and raised the target price to IDR 1,800, following a 12% rise in share price after strong Q1 2025 results. The company's strategies to enhance business fundamentals are yielding positive outcomes, with profits more than doubling and a slowdown in market share decline. UBS forecasts a 3.6% sales CAGR and a sustainable EBIT margin of 16.8%, aligning with market expectations for the FMCG sector in Indonesia.
UBS FX strategists forecast the EUR/USD exchange rate could reach 1.20 if universal tariffs are set at 10% and tariffs on China at 60%. This projection is based on expectations of a faster decline in US growth and interest rates compared to Europe, alongside increased risk premiums on dollar assets.Emerging market currencies have appreciated 3% against the US Dollar this year but have fallen 6% against the Euro. UBS recommends buying dips in Euro against emerging market currencies and anticipates that the Brazilian Real, Turkish Lira, and Taiwanese Dollar will outperform in the near future.
Smartcom, a Singapore-based mobile network provider, has launched operations in Indonesia, targeting logistics, oil and gas, and public safety sectors. Partnering with Telkomsel, the company offers push-to-talk communication solutions that integrate ATEX-certified hardware and TASSTA apps, ensuring reliable connectivity in high-risk environments. This strategic entry into Indonesia's regulated telecom market focuses on specialized B2B niches, avoiding direct competition with established consumer providers.
Indonesia’s PT Blue Bird Tbk reported a 42% profit growth in Q1 2025, with a net profit of 167 billion rupiah (US$10.09 million) and a revenue increase of 16% to 1.3 trillion rupiah (US$78.53 million). The company’s fleet expanded to over 24,500 units, and it is focusing on sustainable mobility by adding electric vehicles to its e-Bluebird and e-Goldenbird services. Additionally, the MyBluebird app saw a 47% increase in users, reflecting a shift towards digital engagement in the transportation sector.
Indonesian e-commerce platform Bukalapak reported a 37% revenue growth in Q1 2025, reaching 1.5 trillion rupiah (US$89.74 million), driven by strong performance in gaming and retail segments. The company achieved a net profit of 112 billion rupiah (US$6.7 million), recovering from a significant loss in the previous quarter, and ended with 18.8 trillion rupiah (US$1.12 billion) in cash and liquid investments, indicating robust financial stability. This turnaround follows a strategic pivot towards higher-margin virtual products, reflecting a response to the competitive e-commerce landscape in Indonesia.
Cove, an Indonesian co-living startup, has expanded its operations to Surabaya and Yogyakarta, aiming to add 2,400 new rooms by 2025 amid rising housing demand. The company achieved an 80% occupancy rate at its first Surabaya property within a month and is offering consulting services in Yogyakarta to help property owners convert spaces into co-living units. This expansion aligns with Indonesia's housing affordability crisis and emphasizes the importance of transit-oriented development in urban areas.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
fluctuations in gold prices across major Indonesian brands this week
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