Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) replaced seven stocks in its Pefindo25 Index for the period 1 February to 31 July 2014. The Pefindo25 Index, which is tracked by yahoo finance, represents stocks of small and medium enterprises (SMEs) - listed on the Indonesia Stock Exchange (IDX) - that possess good fundamental performances and liquidity. The composition of the index, which contains 25 stocks, is reviewed and revised two times per year.

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Indonesian tobacco manufacturers continue to face big challenges this year amid fierce competition for market share and rising taxes (as well as other government measures that have been implemented with the aim to curb cigarette consumption, for example the setting of limits to advertisement content). Therefore, the corporate earnings of Indonesia's listed cigarette producers is expected to remain under pressure for the remainder of 2017.

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