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Bank Indonesia governor said the central bank will optimize its monetary policy toolkit to strengthen external resilience.

2026-10-21

Bank Indonesia governor said the central bank will optimize its monetary policy toolkit to strengthen external resilience.

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2026-10-21

Citigroup raised its 2026 and 2027 earnings per share (EPS) forecasts for Chipone Systems by 1% and 3% respectively, to $27.68 and $37.02, but maintained its target price of $1,820. The reason for this is a valuation multiple adjustment: the bank low

Citigroup raised its 2026 and 2027 earnings per share (EPS) forecasts for Chipone Systems by 1% and 3% respectively, to $27.68 and $37.02, but maintained its target price of $1,820. The reason for this is a valuation multiple adjustment: the bank lowered the 2027 price-to-earnings ratio used for the target price from 51x to 49x to reflect the decline in market valuations. On the operations front, Citigroup expects enterprise data and communications demand to support better-than-expected performance and outlook, and maintains its buy rating. However, the bank still lists valuation as a key risk, warning that the high-interest-rate environment could further compress the stock's valuation multiple. (Citigroup report, October 19)
2026-10-21

The General Office of the CPC Central Committee and the General Office of the State Council issued opinions to deepen integration of scientific and industrial innovation. Key measures: use advanced technologies to upgrade traditional industries; impl

The General Office of the CPC Central Committee and the General Office of the State Council issued opinions to deepen integration of scientific and industrial innovation. Key measures: use advanced technologies to upgrade traditional industries; implement major technological retrofit and large-scale equipment renewal projects in manufacturing; accelerate industrial internet innovation and deepen integration of the digital economy with the real economy; steer manufacturing toward greater automation, greening and cross-sector integration. The document calls for intensified R&D in seed technology and agricultural machinery and faster promotion of agricultural tech results. It mandates construction of full-industry-chain technology service systems to develop a higher-quality tech service sector and directs full implementation of the AI+ initiative to extend AI capabilities across industries.
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