6 consumer names to watch as Indonesia continues to grow

SINGAPORE (May 12): The economic data coming out of Indonesia appears to suggest investors should now be on the lookout for buying opportunities.

While its GDP grew 5% in 1Q17, falling just short of the consensus expectation of 5.1%, there are also expectations that S&P Global Ratings will upgrade the country’s credit rating from junk to investment grade this year, which could trigger capital inflows.

Fitch gave Indonesia an investment grade rating in 2011 and Moody’s Investment Service upgraded the country in 2012.

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