Leading global information and measurement company Nielsen expects the market value of Indonesia's consumer products to rise 10 percent year-on-year (y/y) in 2017 supported by expansion of the nation's retail industry and improving macro economic conditions. Yongky Susilo, Executive Director at Nielsen Indonesia, sees accelerating economic growth (hence boosting people's purchasing power) and relatively low inflation (3.02 percent y/y in December 2016) as the right context for rising consumer spending in Southeast Asia's largest economy.

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In an effort to boost the domestic consumer goods industry, the Indonesian government today (23/07) raised import tariffs for food, cars, clothes and many other consumer goods. This seemingly protectionist measure is aimed at reducing Indonesia’s dependence on imported goods as well as to boost the country’s general economic growth, which has slowed to a six-year low of 4.71 percent (y/y) in the first quarter of 2015, by supporting development of the local consumer goods industry.

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Cosmetics and household goods producer Kino Indonesia, which conducted an initial public offering (IPO) on the Indonesia Stock Exchange in late-2015, is expected to post good net profit growth in 2016. Last year the company's net profit surged a whopping 153 percent (y/y) to IDR 263 billion (approx. USD $20 million) due to higher selling prices and lower production costs. In 2016 Kino Indonesia's net profit is expected to grow 44 percent (y/y) to IDR 378 billion. Therefore Indopremier Securities advises investors to buy Kino Indonesia's shares.

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