https://longhandresearch.github.io/ Independent research on companies, sectors and markets. en https://longhandresearch.github.io/ihsg-weekly.html?week=2026-10-16 https://longhandresearch.github.io/ihsg-weekly.html?week=2026-10-16 Mon, 19 Oct 2026 00:00:00 GMT IHSG fell 14.91%. MSCI proposed standalone status, and a new 7% downside limit raises questions about executable liquidity. https://longhandresearch.github.io/more-nickel.html https://longhandresearch.github.io/more-nickel.html Thu, 15 Oct 2026 00:00:00 GMT Indonesia has moved past ore. Mine expansion, export customers and battery chemistry show why greater output does not settle how much value the country keeps. https://longhandresearch.github.io/ihsg-weekly.html?week=2026-10-09 https://longhandresearch.github.io/ihsg-weekly.html?week=2026-10-09 Sun, 11 Oct 2026 00:00:00 GMT IHSG gained 0.94% as breadth improved. Official foreign sales eased, negotiated trading lifted turnover, and five liquid large caps still showed estimated foreign net selling. https://longhandresearch.github.io/coal-in-transition.html https://longhandresearch.github.io/coal-in-transition.html Fri, 09 Oct 2026 00:00:00 GMT Coal consumption and the export market can move in different directions. Explore Indonesia's position through demand, prices, a global destination atlas and company evidence. https://longhandresearch.github.io/power-behind-ai-update-2026-10-09.html https://longhandresearch.github.io/power-behind-ai-update-2026-10-09.html Fri, 09 Oct 2026 00:00:00 GMT Ten listed-company price paths through 8 October, with a primary-source check of capacity definitions and the next project delivery milestones. https://longhandresearch.github.io/report.html?id=us-treasury-update-2026-10-08 https://longhandresearch.github.io/report.html?id=us-treasury-update-2026-10-08 Thu, 08 Oct 2026 00:00:00 GMT Treasury yields and mortgage rates have risen, while spending, business equipment and housing show a mixed economic picture. https://longhandresearch.github.io/indonesia-ai-datacenter-research/interactive/index.html https://longhandresearch.github.io/indonesia-ai-datacenter-research/interactive/index.html Mon, 05 Oct 2026 00:00:00 GMT An interactive Indonesia study of electricity demand, cooling water and operating costs, with a resource calculator, project atlas and reproducible research model. https://longhandresearch.github.io/ihsg-weekly.html?week=2026-10-02 https://longhandresearch.github.io/ihsg-weekly.html?week=2026-10-02 Sat, 03 Oct 2026 00:00:00 GMT The IHSG fell 3.28% as IDX recorded Rp5.04tn of foreign net selling, absorbed by domestic buyers. All eleven sectors fell, and GOTO alone cost the index 36.71 points. https://longhandresearch.github.io/report.html?id=inet-2026-09-27 https://longhandresearch.github.io/report.html?id=inet-2026-09-27 Sun, 27 Sep 2026 00:00:00 GMT Initiating at SELL, target Rp175. Revenue rose twenty times on acquisitions, but the internet EBITDA the price assumes does not exist yet. https://longhandresearch.github.io/ihsg-weekly-2026-09-25.html https://longhandresearch.github.io/ihsg-weekly-2026-09-25.html Sat, 26 Sep 2026 00:00:00 GMT The IHSG fell 3.09% as IDX recorded Rp3.16tn of foreign net selling. Official weekly sectors, index movers and BI JISDOR clarify the risk. https://longhandresearch.github.io/report.html?id=macro-2026-09-24 https://longhandresearch.github.io/report.html?id=macro-2026-09-24 Thu, 24 Sep 2026 00:00:00 GMT This report began as a question with no settled answer. For most of 2026 the Federal Reserve sat still while the rupiah fell to the weakest level ever recorded, which is the opposite of what the textbook spillover story predicts. On 16 September the Fed finally moved, and on 23 September Bank Indonesia gave its answer. That pair of decisions is the first clean test of the argument set out here, so this version is written around it. https://longhandresearch.github.io/report.html?id=sector-2026-09-24 https://longhandresearch.github.io/report.html?id=sector-2026-09-24 Thu, 24 Sep 2026 00:00:00 GMT Memory has been one of the most cyclical corners of the chip industry for more than a decade. Oversupply and falling prices give way to shortages and price spikes, and then the whole thing repeats. Generative AI could break that pattern, or at least bend it. Every AI accelerator that ships needs HBM sitting right next to it, so memory demand is now tied directly to accelerator volumes. https://longhandresearch.github.io/power-behind-ai.html https://longhandresearch.github.io/power-behind-ai.html Thu, 24 Sep 2026 00:00:00 GMT Indonesia’s data-centre boom is becoming an energy story. Where does the value accrue across power, grid, connectivity, industrial land and data centres? https://longhandresearch.github.io/report.html?id=adro-2026-09-03 https://longhandresearch.github.io/report.html?id=adro-2026-09-03 Thu, 03 Sep 2026 00:00:00 GMT Initiating at BUY, fair value IDR 3,354. FY2025 was the trough on price alone; the 500 ktpa aluminium smelter is the re-rating case.