Commodities - President Prabowo's vision for self-sufficiency

Commodities - President Prabowo's vision for self-sufficiency President Prabowo emphasized the need to expand downstream processing beyond nickel to achieve self-sufficiency and create jobs. He plans to include sugar and CPO in this program. Prabowo appointed Rosan Roeslani as Minister of Investment and Downstreaming, with speculation that his brother Hashim Djojohadikusumo will support these efforts. For energy independence, Prabowo is reactivating idle oil and gas wells and boosting production. Plans include utilizing South Andaman gas and increasing biofuel usage. Minister Bahlil aims to raise oil output by 200,000 barrels/day and double LPG production to cut imports. (Source : Bloomberg Technoz, Reuters, Kontan) Comment : President Prabowo's focus on downstreaming and self-sufficiency will boost sentiment for stocks in mining (PTBA, ADRO, ITMG, BRMS, MDKA, ANTM, INCO), agriculture, and energy (MEDC, ENRG, PGAS, RAJA, AKRA).