BRIDS and Sandiaga Uno Gives Effective Education and Tips on Investing in the Capital Mark

Jakarta, 7 December 2022 - BRI Danareksa Sekuritas ("BRIDS"), a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) and a member of Danareksa BUMN Holding, collaborated with Sandiaga Uno, Minister of Tourism and Creative Economy (Menparekraf) of the Republic Indonesia, held a talk show entitled Indonesia Market Outlook 2023 with the theme "Smartly Choose Stocks in the Middle of Pandemic Turmoil and Global Economic Uncertainty", through the Sandilogy program, a talk show program that discusses the capital market and the Indonesian economy which is guided directly by Sandiaga Uno, located at vOffice Jakarta.

The event, which was also supported by Izin.co.id, a licensing service company that helps entrepreneurs and creative economy actors to have the right legality, was hosted by Sandiaga Uno and also presented Laksono Widodo, President Director of BRIDS, as an expert in the capital market sector, aims to provide tips for market participants to prepare for and respond to Perfect Storm 2023, as well as analyze existing market opportunities and challenges.

In his presentation, Laksono Widodo said there were three investment themes that market players and investors need to pay attention to prepare for the Perfect Storm 2023.

"First, there is a 'triple lever' role in supporting domestic needs, namely higher minimum wages, increased subsidy spending, and general elections. The sectors that will benefit the most from this 'triple lever' are Banking, Consumer and Poultry," said Laksono.

Furthermore, Laksono said that investing in electric vehicles and increasing people's mobility would also have a positive impact on several commodity operators, toll roads and malls.

"The significant increase in interest rates and tighter liquidity globally have also contributed to the dynamic recovery of the sector, especially for the growth and long-term investments such as Telecommunications, Technology and Digital Banking," added Laksono.

Meanwhile, Sandiaga Uno also conveyed several tips that he usually uses in investing, one of which is "Never Catch A Falling Knive" or what can be interpreted as not buying shares when the price is dropping.

Sandiaga further said that he had concerns that in a recession situation, many people would tend to stay away from investing, such as during the crisis in 1997 & 1998.

"I have a quote that I use as a guideline for investing in difficult conditions like today, namely "be brave when everybody's afraid, when everybody is foolish be cautious". When stock prices increase, people should be cautious. However, when the stock price has fallen, that's the right time to buy shares. This is the method I used to build my portfolio in 1997 and 1998.” Sandiaga said

Apart from that, Sandiaga also said that the Ministry of Tourism and Creative Economy also has several programs to support the Indonesian capital market industry such as the Capital Market Discussion & KreatIPO, which aims to attract creative economy actors to conduct IPOs. Sandiaga is optimistic that with innovation, collaboration and adaptation to tourism shifting from quantity to quality tourism and a focus on sustainable tourism development, framed by the spirit of Geber (moving together), Gercep (moving fast) and Gaspol (working on all potential job opportunities) target the creation of 1.1 million jobs in 2022 and 4.4 million jobs in 2024 can be achieved.

To note, the talk show was attended by market players and national entrepreneurs from various industries, and was also witnessed by the general public through live broadcasts via the YouTube channels Sandilogy and BRI Danareksa Sekuritas, as well as Instagram BRI Danareksa Sekuritas.