(Reuters) - Artificial intelligence search startup Perplexity on Monday launched a shopping hub to attract users, in a bid to beef up its platform as it attempts to take on Alphabet-owned Google's dominance in the search engine space.
Bank Indonesia expected to hold rates, to turn cautious, say analyst; move aiming to protect the rupiah from further depreciation
“This is based on the stock’s stretched valuation of 1.3 times price-to-book value for the financial year 2025 with the view that the stock’s recent re-rating has outpaced the prospects of a rise in ROE from an earnings improvement. AmInvestment Bank Research forecasts a higher service-tax rate, the floating of diesel prices, coupled with the rationalisation of the RON95 petrol subsidy in 2H25 as being likely to soften retail spending on discretionary goods, which will lead to loan growth weakening in 2025.
CIMB is its top pick due to its high liquidity with a free float of 52.9%, which is attractive to foreign funds.
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