STOCKS in Jakarta appear enticing at first glance. They trade at just 15.8 times projected earnings, according to Bloomberg, well below their five-year average. On that score, Indonesian stocks haven't been so cheap in four years. Indonesia is one of Asia's few remaining young economies, with a working-age population not projected to peak for more than a decade. It's tempting, therefore, to seize the opportunity to snap up what looks like a bargain for Indonesian stocks.
Don't. Most global investors still remain wary of Indonesia's youthful charm. Indonesia has borne the brunt of selling by global investors across South-east Asia in the past month as markets brace for the US Federal Reserve to...
Keyword added to your list