Why I Started Beyond IHSG
A market down 37% from its peak. A thesis most investors are missing.
Indonesia’s stock market is down 37% from its all-time high.
Most global investors don’t know. Most don’t care. And that’s exactly the problem — and the opportunity — that Beyond IHSG exists to address.
I’ve spent years operating businesses and investing in Indonesian capital markets. What I see from the inside looks very different from what the global financial media tells you.
This is not a market in crisis. This is a market being mispriced by external forces — MSCI rebalancing outflows, rupiah pressure, EM risk-off sentiment — while the fundamental story remains completely intact.
280 million people. The world’s largest nickel reserves. The biggest digital economy in Southeast Asia. Trading at 14.7x earnings while the S&P 500 trades at 27x.
Every week, Beyond IHSG publishes deep analysis of Indonesian equities, macro dynamics, and sector opportunities — built specifically for international investors who want real insight, not surface commentary.
The first full weekly issue drops this Sunday.If you want to understand Indonesia’s markets before everyone else does — you’re in the right place.
— Beyond IHSG