Lamseen – President Joko Widodo (Jokowi) has outlined the projected health budget for the 2025 fiscal year, amounting to IDR 3,613.1 trillion. Within this budget, the health sector is allocate IDR 197.8 trillion, making up 5.5 percent of the total national expenditure.
This allocation marks a 6.12 percent increase from the 2024 health budget of IDR 186.4 trillion. The increase funds are aimed at enhancing the quality and accessibility of healthcare services. Accelerating the reduction of stunting and infectious diseases like tuberculosis, and providing free health check-ups. Oktavianus Audi, Head of Customer Literacy and Education at PT Kiwoom Sekuritas Indonesia. Expressed a positive outlook on this increase in the health budget for 2025.
On Friday (August 16), the IDXHEALTH healthcare sector index closed up by 0.7 percent, reaching 1,455.601. Year-to-date (YTD), this index has risen by 5.78 percent, although it has seen a 1.38 percent decline over the past year.
“We have a positive view on the healthcare sector, supported by government incentives. Hospital expansion by issuers, and the new BPJS policy on Standard Inpatient Classes (KRIS), which is expect to improve the quality of hospital health facilities,” Audi added.
In line with this sentiment, Kiwoom Sekuritas Indonesia recommends keeping an eye on PT Medikaloka Hermina Tbk (HEAL). PT Siloam International Hospitals Tbk (SILO). Their strategy is to hold HEAL shares with a target price of 1,650, and to buy SILO shares with a target price of 2,870.
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Earlier this week, coinciding with the 47th anniversary of the reactivation of Indonesia’s capital market. The market achieved several significant milestones contributing to the country’s economic growth.
During the period of August 12-16, 2024, Indonesia’s capital market recorded an all-time high on the Jakarta Composite Index (IHSG) on Wednesday (August 14). With the index rising 79.4 points or 1.08% to 7,436.039. The previous record was set on March 14, 2024, at 7,433.315.
Additionally, the market capitalization reached a record IDR 12,601 trillion on the same day, surpassing the previous record of IDR 12,478 trillion on July 12, 2024.
Throughout the week, one bond issuance was record the Sustainable Bond I Kereta Api Indonesia Phase II Year 2024. The Sustainable Sukuk Ijarah I Kereta Api Indonesia Phase II Year 2024 by PT Kereta Api Indonesia (Persero).
The bonds and sukuk received ratings of idAAA (Triple A) and idAAA(sy) (Triple A Syariah) from PT Pemeringkat Efek Indonesia (Pefindo). With PT Bank Mega Tbk serving as the trustee. In total, 99 bonds and sukuk from 61 issuers, value at IDR 82.38 trillion, have been recorded in 2024.
With these listings, the total number of bonds and sukuk listed on the IDX amounts to 589. With a nominal outstanding value of IDR 465.97 trillion and USD 60.12 million, issued by 132 entities.
State Securities (SBN) listed on the IDX total 186 series with a nominal value of IDR 6,182.86 trillion. Additionally, the IDX has recorded 9 Asset-Backed Securities (EBA) issuances with a value of IDR 2.93 trillion.
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