Retail in Asia

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Property, consumer goods outshine telecom sector in Indonesia

With risks haunting the commodities sector and a telecommunications market that faces saturation in Indonesia, domestic-market oriented companies – especially in property and consumer goods – are now emerging as star performers.

"As long as a stock is domestic-market oriented and does not have a high exposure to foreign loans, growth will be positive," said Ahmad Nurcahyadi, an analyst at BNI Securities.

Stefanus Susanto, director of UOB Kay Hian Securities, said the strong performance of the property sector is due to wider economic growth. "Higher incomes make people want to buy properties," he said. 

(Source: Jakarta Globe)