Banking Cement Consumer Staples Coal Construction Media Plantation Property Retail Telecommunication Tobacco

  November 2018

  Heat Map BANKING SECTOR Monthly Changes (%) Local PF Local MF Local IS Local IB Foreign PF Foreign MF Foreign IS Foreign IB Banking Cement Consumer Staples Coal Construction Media Plantation Property Retail Telecommunication Tobacco Source: KSEI, Sinarmas Investment Research

Banking Sector BANKING SECTOR Average foreign ownership in the banking sector Average local mutual fund ownership

  82.0% 10.0%

  9.3% 9.3% 9.2% 9.2%

  9.1% 9.1% 80.1% 9.0% 9.0%

  8.9% 8.9%

  79.5%79.8% 9.0% 8.7% 80.0%

  79.5% 79.1%

  78.9% 8.3% 8.3% 78.8%

  8.2% 8.2% 78.6%

  78.5%78.5% 8.0%

  78.1% 77.7% 77.8% 8.0%

  77.7% 7.5%

  78.0% 76.6% 7.0%

  76.3% 6.9% 6.9%

  7.0% 6.7% 6.6%

  6.6% 6.4% 75.6%75.4%

  76.0% 6.4%

  6.3% 6.3% 6.2% 6.2% 75.1% 75.1%

  74.8%74.7% 6.0% 6.0%

  74.6% 5.9%

  6.0% 74.1% 74.0% 74.1%74.2% 74.0%

  5.6% 5.8% 5.8% 5.7% 5.7% 5.5% 5.7% 5.7% 5.7% 5.5%

  74.0% 73.6%73.4%

  5.2% 5.1%

  73.3%73.1% 73.2%

  72.8% 4.8%

  72.4% 5.0% 72.0%

  71.9%72.2%72.2% 71.8%

  72.0% 71.2% 71.2%

  4.0% 70.4%

  70.3% 69.6%

  70.0% 3.0%

  68.0% 2.0%

  66.0% 1.0%

  64.0% 0.0%

  % Foreign Ownership Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  8.0% 35.0%

  7.0% 6.8%

  30.0%29.8%29.7% 7.0% 6.7%

  6.6% 6.7% 6.7% 30.0% 29.1%28.9%28.8%29.4%29.3%29.4%29.4% 29.0%28.6%

  28.1% 28.2%27.7%

  27.5% 26.9%27.2%27.0%27.0%27.3%

  6.1% 6.2% 6.1%

  6.0% 6.0% 6.0% 26.3% 5.9% 5.8%

  25.4%25.3%25.6% 6.0%

  5.7% 24.6%25.0%25.0%

  5.6% 5.5%

  25.0% 23.8% 23.2%

  5.3% 22.6%

  5.2% 5.1% 5.1% 5.0%

  21.9%22.3% 4.9% 4.9%

  4.8% 4.9% 5.0%

  4.7% 21.0%20.9%21.1%20.8%20.8%20.6%20.5%20.8%20.9%20.7%20.7%21.2% 4.6% 4.6%

  20.0% 4.2%

  4.1% 3.8%

  4.0% 3.7% 3.7% 3.7%

  3.3% 3.4% 3.3% 15.0%

  3.1% 3.2% 3.0%

  3.0% 2.9% 3.0%

  2.6% 2.4%

  10.0% 2.0%

  5.0% 1.0% 0.0%

  0.0%

BANKING SECTOR Cement Sector Average foreign ownership in the cement sector Average local mutual fund ownership Average local pension fund ownership Average foreign mutual fund ownership

  0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0%

  3.6% 3.2%

  3.0% 2.8%

  2.8% 2.8% 2.8% 2.6%

  2.4% 2.2%

  2.0% 1.8% 1.7% 1.7% 1.7% 1.7% 1.8%

  2.1% 2.4% 2.3% 2.4%

  2.4% 2.2% 2.2%

  2.0% 2.0% 1.9% 2.0% 2.1%

  3.4% 3.6%

  3.9% 3.7%

  Average of % local MF 16.2%16.5%

  4.3% 4.5%

  18.0% 18.9%19.0%18.8%

  18.4%18.7%18.7%18.5%18.4%18.2%18.2%18.2%18.4%18.3% 18.8%

  19.2% 18.8%

  19.2%19.4%19.6% 19.8%20.1%19.8%19.6%20.0%

  20.4% 19.6%19.8%19.5%19.9%20.0%

  20.1%20.3% 20.6%20.9%20.9%20.7%

  21.5%21.4% 20.7%20.4%

  19.2% 18.8%

  0.0% 5.0%

  10.0% 15.0% 20.0% 25.0%

  4.2% 4.0%

  77.4% 77.8%77.6%77.9%77.7%

  77.4%77.5%77.3%77.1% 76.9%76.6%76.8%

  5.6% 5.5%

  77.4% 77.9%77.6%77.8% 79.3%

  83.9%83.6% 85.2%84.9%85.0%85.0%

  85.6%85.5%85.4% 85.9%

  86.3% 85.8%85.8%

  85.2% 85.7%85.5%85.5%

  86.2%86.1%86.3%86.3%86.4%86.1%86.0% 84.3%84.0%

  83.7% 84.2%

  70.0% 72.0% 74.0% 76.0% 78.0% 80.0% 82.0% 84.0% 86.0% 88.0%

  % Foreign Ownership 5.5%

  5.5% 5.5% 5.5% 5.5%

  5.5% 5.4%

  3.9% 3.8% 3.9%

  5.4% 5.5% 5.5%

  5.4% 5.4%

  5.7% 5.6%

  5.6% 5.4%

  5.4% 5.3% 5.4%

  5.3% 5.3% 5.3% 5.3% 5.3%

  5.2% 5.2% 5.2%

  5.1% 5.1% 5.1% 5.0%

  5.2% 5.2% 5.2% 5.2% 5.2% 5.2% 5.2%

  5.1% 5.1% 5.1% 5.1%

  5.1% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8%

  3.7% 3.7% 3.8% 3.7% 3.9%

Consumer Staples Sector BANKING SECTOR Average foreign ownership in the consumer staples sector Average local mutual fund ownership

  70.0% 12.0%

  11.0%11.1% 63.6%62.6%

  10.8%10.6% 10.9%10.9%10.7% 10.6% 10.6% 10.8%10.8%10.8%10.7%10.6%10.8%10.5%

  61.1%62.0%62.0% 10.5%10.6%10.6% 10.5%10.6%

  61.8%61.3%60.9% 10.3%

  60.1%60.3%60.4%60.2%60.0%59.8%60.1%59.6%59.7%59.7%60.2% 10.2% 10.2% 10.2%10.2%

  59.0% 10.1%

  60.0% 57.6% 9.9% 9.9%10.0% 9.9%

  9.9% 9.8% 9.7%

  10.0% 9.5% 9.5% 9.7%

  55.6%55.2%54.7%54.4%54.2%55.5%54.2%54.3%54.0% 9.1% 9.3% 9.1%

  53.6%53.9%53.8%53.7%53.9%53.4%53.5%52.8%52.3%51.8%51.7%52.2%52.6%52.3%52.7% 8.8%

  8.6% 8.3%

  50.0% 8.1%

  7.9% 8.0%

  40.0% 6.0%

  30.0% 4.0%

  20.0% 2.0%

  10.0% 0.0%

  0.0% % Foreign Ownership

  Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  9.0% 14.0%

  12.8% 12.5%

  7.9% 8.0% 7.9% 12.5%12.3% 7.8% 7.8% 12.1%

  8.0% 7.8% 7.7%

  12.1%11.9% 7.5% 12.0%12.1%11.8% 11.8%11.8%11.9%11.9%11.7%

  7.5% 11.6% 11.6%11.7% 12.0% 11.5%

  11.4%11.5% 11.7%11.5%11.4%11.5% 7.2% 11.3%11.2%11.3%

  11.3%11.4%11.5%11.3%11.2% 7.1%

  10.9%10.9% 11.0%10.9%11.0%

  6.9% 7.0%

  6.7% 10.5%10.4%10.2% 10.2%

  6.5% 6.4% 6.4% 6.5% 10.0%10.0%10.0%

  10.0% 5.8%

  6.0% 5.4% 5.3%

  5.1% 5.2% 8.0%

  5.0% 4.7% 4.5% 4.6% 4.7% 4.7% 4.6% 4.6%

  4.5% 4.4% 4.3% 4.4% 4.5%

  4.2% 4.2% 4.2% 4.0% 4.0%

  3.8% 4.0% 3.8% 3.7% 3.7%

  6.0% 3.4% 3.3%

  3.0% 4.0%

  2.0% 2.0%

  1.0% 0.0%

  0.0%

Coal Sector BANKING SECTOR Average foreign ownership in the coal sector Average local mutual fund ownership

  50.0% 8.0%

  46.2%46.1% 7.4%

  45.7%45.7%45.1%45.1%45.4% 45.3% 44.2% 44.1%

  7.1% 45.0%

  43.0%43.2% 6.9%

  7.0% 42.6%41.9%

  40.9% 40.0%40.5%40.3%

  6.3% 39.4%38.9%38.6%38.9%38.7%

  40.0% 38.2% 6.1%

  6.1% 6.1% 37.6%

  5.9% 6.0% 5.9% 6.0% 5.9% 37.0%36.8%36.5%37.2% 5.9%

  6.0% 5.6%

  35.1%35.7%35.3%34.7% 35.0%34.7%34.7%35.5% 5.6%

  34.3%34.6%35.0%34.0% 5.4% 5.5%

  35.0% 33.4%33.8%33.5%34.0% 5.3% 5.3%

  5.1% 5.2% 5.0% 4.7%

  30.0% 4.4%

  3.9% 25.0%

  4.0% 3.7% 3.6% 3.6%

  3.6% 3.5% 3.5% 3.6% 3.4% 3.2%

  20.0% 3.1% 3.0% 3.0% 2.9%

  2.9% 2.8% 2.9% 2.9% 3.0%

  2.3% 15.0%

  2.0% 10.0%

  1.0% 5.0% 0.0%

  0.0% % Foreign Ownership

  Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  6.0% 14.0%

  13.3%13.1%13.1%13.2% 5.6% 5.6% 5.5% 5.5% 5.5% 5.5% 5.4%

  12.7% 5.4%

  12.5%12.4% 12.0%12.2%

  5.2% 5.2% 5.1% 5.1% 11.8%

  11.7% 11.6%11.8%11.8%

  12.0% 5.0% 4.9% 4.9%

  5.0% 4.8%

  4.8% 4.9% 4.9% 4.8% 4.8% 4.8% 4.7% 4.7% 11.1%11.1% 11.1%

  4.8% 4.8% 4.8% 4.8% 4.7% 4.7% 4.7% 4.7% 4.7% 4.6% 4.6%

  10.6% 10.5%

  10.2% 9.8% 9.8% 9.8%

  10.0% 9.6% 9.4%

  4.0% 4.1% 3.9%

  9.2% 9.3% 9.2% 9.1%

  4.0% 3.8%

  8.8% 8.8% 9.0% 8.9% 8.6%

  8.4% 8.4% 8.5% 8.4% 8.4% 8.4% 8.4% 8.5% 8.4%

  3.5% 8.2% 8.1%

  3.4% 3.4%

  8.0% 3.1%

  3.0% 2.8%

  3.0% 6.0%

  2.0% 4.0%

  1.0% 2.0%

  0.0% 0.0%

CONSTRUCTION SECTOR BANKING SECTOR Construction Sector Average foreign ownership in the construction sector Average local mutual fund ownership Average local pension fund ownership Average foreign mutual fund ownership

  9.1% 8.9% 9.5%

  23.8% 21.8%

  19.8%19.4%19.3%19.1%19.7% 20.0%

  18.3% 16.6%

  15.3% 14.2%14.0%14.3%

  13.6%13.5%13.2%13.0%13.7% 15.9%

  17.4% 18.0%

  17.2%16.8%16.7% 15.2%

  13.7% 13.0%

  12.0%12.0% 0.0% 5.0%

  10.0% 15.0% 20.0% 25.0% 30.0%

  Average of % local MF 9.8% 9.8%

  8.9% 8.6%

  10.7% 11.0%

  25.1%25.0%25.2%24.9%24.9%24.8%25.3% 24.3%

  10.5% 12.1%12.2%12.2%12.2%

  11.4% 12.5%

  13.8% 14.7%

  14.1% 13.5%

  12.4% 12.7%

  12.4%12.3%12.3%12.3%12.1%12.4%12.4% 12.0%12.2%

  12.7%12.7%12.9% 13.4%

  13.6% 13.2%13.0%

  12.7% 13.0%13.0%

  12.6% 12.3%12.3%12.3%

  0.0% 2.0% 4.0% 6.0% 8.0%

  10.0% 12.0% 14.0% 16.0%

  23.7% 24.6%24.2%

  32.5% 33.4% 33.4%

  32.5% 34.8%

  % Foreign Ownership 7.0%

  36.7%37.1% 35.8%

  37.4%37.8% 38.5%39.0%

  37.6% 38.7%

  41.2% 42.6%

  39.4%39.0% 37.8%37.2%

  36.5%36.9% 38.1%

  38.9% 40.3%40.2%40.0%39.7%39.8%

  41.3%40.7% 39.5%

  40.4%40.2% 38.7%38.3%

  37.7% 36.6%36.6%36.1%

  35.6%35.2%35.0% 0.0% 5.0%

  10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%

  7.7% 7.5% 8.2% 8.3%

  25.8% 25.3%

  9.3% 9.1%

  8.4% 8.4% 8.7%

  8.3% 8.0% 7.9%

  7.7% 7.8% 7.1%

  6.6% 6.1%

  8.4% 9.3%

  9.7% 9.8% 10.1%

  10.4%10.5%10.4% 10.1%10.0%10.0%10.1%10.2%10.1%

  9.8% 9.9% 9.5% 9.5%

  9.7% 10.1%

  10.3% 10.7%10.7%10.6%10.6%10.6%10.6%

  0.0% 2.0% 4.0% 6.0% 8.0%

  10.0% 12.0%

  26.1% 24.6%

Media Sector BANKING SECTOR Average foreign ownership in the media sector Average local mutual fund ownership

  35.0% 3.5%

  33.8% 34.0%

  3.0% 2.9%

  33.5% 33.5% 2.7%

  33.3% 2.7% 2.6%

  2.6% 33.2%

  33.2% 2.6% 2.6%

  2.5% 2.5% 32.9% 32.9%32.9% 32.8% 2.4% 2.4% 2.4% 2.4%

  33.0% 2.5% 2.4% 2.4% 2.5% 2.5% 2.4% 2.4%

  32.8% 32.7% 32.7% 2.4% 2.3% 2.3%

  2.3% 2.3% 2.4% 2.3% 32.5%

  32.6%32.5%32.5% 2.3% 2.2% 2.3%

  32.4% 32.5%32.4%32.4% 32.4%32.4%32.3%

  32.3% 2.1%

  2.1% 32.2%

  32.0% 2.0% 2.0%

  32.0% 2.0%

  1.8% 1.8% 1.8% 1.8% 31.4%

  1.6% 31.1%

  1.5% 1.4% 30.8%

  31.0% 1.5%

  1.4% 30.6%30.6%

  30.6% 30.6%

  1.3% 30.5%

  30.4% 30.4%

  30.3% 30.3%

  30.2% 30.2%

  30.1%30.2% 30.1%

  30.0% 1.0%

  29.0% 0.5%

  28.0% 0.0%

  % Foreign Ownership Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  0.6% 12.0%

  10.2% 9.9%10.1%

  0.5% 10.0%9.9% 0.5%

  10.0% 9.6% 9.6% 9.7% 9.6% 0.5%

  0.5% 9.4% 9.3% 9.3% 9.4% 9.5% 9.0% 9.2% 9.1%

  8.9% 8.9% 9.0% 9.0% 9.0% 8.9% 8.9%

  0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 8.8% 9.0% 8.8%

  8.7% 8.7% 8.8% 8.6% 8.7% 8.6% 8.9%

  0.4% 8.4% 8.4%

  0.4% 8.4% 8.4% 8.6%

  0.4% 8.3% 8.5%

  0.4% 0.4% 8.2%

  0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4%

  0.4% 0.4% 7.8% 7.7% 7.9%

  0.4% 8.0%

  0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 0.4%

  0.4% 0.4%

  0.4% 0.4% 0.4%

  0.3% 0.3%

  0.3% 0.3% 0.3% 0.3% 0.3%

  6.0% 0.2%

  4.0% 0.1%

  2.0% 0.0%

  0.0%

Plantation Sector BANKING SECTOR Average foreign ownership in the plantation sector Average local mutual fund ownership

  50.0% 20.0%

  45.2% 45.5%44.7%

  17.8%17.9% 44.3% 44.1% 44.0%

  43.6% 45.0%

  18.0% 42.9%

  41.9%42.0% 42.2% 16.8% 16.9%16.8%17.0%

  42.1%42.3%41.5% 41.3%

  16.4% 15.6%15.5%15.6%

  15.4% 40.0%

  16.0% 15.2%

  37.1%37.0% 37.0%37.0%37.2%36.6%36.4%36.4%

  14.5% 36.5%36.4%36.9%35.8% 36.0%36.5%36.2%35.9%

  35.0% 34.6%34.4%34.7%35.1%34.3% 13.6%

  33.9%33.7%34.4% 34.5%34.2%33.7% 13.4% 13.5% 35.0%

  14.0% 13.0%

  12.4% 12.5% 12.5% 12.2%12.1%

  11.7% 11.7% 30.0%

  12.0% 11.1%

  10.9%10.9% 10.9% 10.8%

  10.3%10.5%10.4% 10.3% 10.4%10.3%

  9.9% 9.8%

  9.6% 9.5% 25.0%

  10.0% 9.3%

  8.8% 8.5%

  7.8% 7.8% 20.0%

  8.0% 15.0%

  6.0% 10.0%

  4.0% 5.0%

  2.0% 0.0%

  0.0% % Foreign Ownership

  Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  16.0% 16.0%

  14.1%14.0%14.1%13.9% 13.6%

  13.7%13.7%13.6%13.5%13.5%13.6%13.6% 13.5%13.7%13.5% 14.0% 13.4%13.5% 14.0%

  13.3% 12.9%

  13.0%13.0%12.9%13.2% 12.9%12.8%

  12.6% 12.7%12.9% 12.6%12.6%12.5% 13.0%12.7%12.7%

  12.5%12.6%12.6% 12.7%12.5%12.8%12.7%12.7%12.5% 12.5%

  12.4%12.4%12.5% 12.5%12.6%12.6%12.4%12.4% 12.3%12.5% 12.4% 12.3%12.3% 12.2%12.2% 12.3%12.3%

  12.0% 12.0% 12.1%12.1%12.1%11.9%12.0%12.1%12.1% 11.9% 11.9% 11.8% 11.8%

  11.7% 12.0% 11.7%11.5%11.6%11.5%11.4%

  12.0% 11.4%11.4% 11.5% 11.2%11.2%

  11.2% 11.2% 11.1% 11.0%

  10.5% 10.0%

  10.0% 8.0%

  8.0% 6.0%

  6.0% 4.0%

  4.0% 2.0%

  2.0% 0.0%

  0.0%

BANKING SECTOR Property Sector Average foreign ownership in the property sector Average local mutual fund ownership Average local pension fund ownership Average foreign mutual fund ownership

  9.4% 9.2% 8.6% 8.6% 8.6%

  5.2% 4.8%

  4.3% 4.2% 4.1% 4.3%

  4.4% 4.0% 3.9%

  4.4% 4.5% 4.8% 5.0% 5.0% 4.9%

  5.2% 4.9%

  4.8% 4.7% 4.7% 5.0%

  0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

  10.0% Average of % local MF

  8.3% 8.1% 8.2% 8.0% 8.1% 8.0%

  5.8% 5.9% 5.4%

  8.2% 8.3% 8.5% 8.5%

  9.0% 9.9%

  10.3% 9.8% 9.7%

  9.4% 9.4% 9.6% 9.8% 9.9%

  10.2%10.4% 10.5%10.4%10.3%10.2%10.3%10.2%

  10.1%10.1%9.9% 9.9%10.0%9.9%10.0%10.0%9.9% 9.8% 9.6% 9.7%

  0.0% 2.0% 4.0% 6.0% 8.0%

  10.0% 12.0%

  6.0% 5.8%

  46.9%47.3%46.3%47.3%46.9%46.6%46.6%46.9%46.3%46.4%46.3%46.9% 47.9%48.1%47.8%47.7%

  48.8%49.4%48.9%49.3%48.7%48.8% 47.5%47.9%48.3%

  1.9% 1.8%

  49.1%49.8% 44.5%

  42.3%42.2%41.7% 40.0%

  38.8% 35.0%35.2%34.9%34.7%34.7%34.6%34.3%34.3%34.3%34.2%33.8%34.1%

  0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0%

  % Foreign Ownership 2.1% 2.1% 2.1%

  2.2% 2.2% 2.3%

  2.4% 2.3% 2.3%

  2.3% 2.3% 2.3% 2.1% 2.0%

  1.7% 1.7% 1.9%

  8.0% 8.3%

  2.1% 2.3%

  2.2% 2.4% 2.3% 2.4% 2.4% 2.3% 2.3% 2.3% 2.3% 2.3%

  2.2% 2.2%

  2.2% 2.2% 2.2% 2.2% 2.2% 2.3% 2.3% 2.2% 2.2% 2.2% 2.2%

  2.2% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0%

  7.9% 8.1%

  8.5% 8.5% 8.4% 8.2%

  8.0% 8.0% 8.5% 8.6% 8.4%

  7.8% 7.5% 7.6%

  7.3% 6.5% 6.4%

RETAIL SECTOR BANKING SECTOR Retail Sector Average foreign ownership in the retail sector Average local mutual fund ownership Average local pension fund ownership Average foreign mutual fund ownership

  5.8% 7.0%

  0.8% 0.9%

  0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2%

  4.6% 4.3% 4.3% 4.4% 4.3% 4.2% 4.2%

  4.5% 4.4% 4.4% 4.5%

  4.9% 4.8% 5.2%

  5.9% 6.3% 6.4%

  5.6% 5.4% 5.4% 5.5%

  5.6% 5.7% 5.7% 5.4%

  5.7% 5.7% 5.5% 5.5%

  5.8% 5.8% 5.4%

  5.8% 5.8% 5.3%

  7.5% 8.1% 8.2%

  0.8% 0.8% 0.8% 0.8% 0.8%

  7.7% 7.3%

  6.8% 6.1%

  0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

  Average of % local MF 23.9%

  23.3%23.0%23.3%23.5%23.7%23.4%23.3% 24.2%

  24.9%25.1% 25.5%25.2%25.0% 25.9%26.4%26.4%

  27.2% 27.8%

  28.7%29.2%29.1%29.1%29.0% 29.4%29.3%29.6%29.9%

  30.0%29.9% 29.4%29.3%28.8%28.8%

  30.2%30.5%30.4% 31.0%

  29.9%29.6%29.6%30.0%30.0%29.9%29.6% 0.0% 5.0%

  10.0% 15.0% 20.0% 25.0% 30.0% 35.0%

  0.8% 0.8%

  67.0% 67.7%

  67.5% 67.8%68.0%

  64.7% 65.2%

  68.3% 68.1%

  67.3% 67.0%

  67.4%67.3% 65.8%

  66.1% 65.4%

  65.2%65.2%65.0% 63.9%

  64.6% 65.1%

  64.2% 62.9%62.9%63.0%

  63.7% 63.2%

  62.8% 63.2%

  61.9%61.7%61.7% 62.6%

  62.3% 62.8%

  64.6% 64.3%

  1.0% 0.9% 1.0%

  63.2%63.0% 63.7%

  64.4% 64.9%

  65.2% 65.7%

  58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0%

  % Foreign Ownership 1.1%

  1.1% 1.1% 1.1% 1.1% 0.9% 0.9%

  1.0% 1.0% 1.0% 1.0% 1.0%

  0.9% 0.9% 0.8% 0.8%

  0.8% 0.7% 0.8% 0.7%

  0.7% 0.7% 0.7% 0.7% 0.8%

  0.9% 0.9% 0.9%

  1.0% 0.9%

  1.0% 0.8% 0.8%

Telecommunication Sector BANKING SECTOR TELECOMMUNICATION SECTOR Average foreign ownership in the telecommunication sector Average local mutual fund ownership

  9.0% 88.0%

  86.9% 87.0%86.8%86.7% 86.6%86.6%

  86.5%86.5% 86.0%86.1%85.9% 86.3%86.0%85.8%

  85.5% 8.0%

  86.0% 85.2%

  85.0% 84.7%

  7.6% 84.3% 84.3%

  84.2% 84.0%

  7.4% 7.5% 7.5% 84.0%83.8%83.7%

  84.0% 7.0%

  7.1% 83.2%

  83.2%83.0%83.4% 7.0%

  82.4% 6.2%

  81.5% 82.0%

  5.9% 6.0%

  5.6% 5.8%

  5.4% 5.5% 5.4%

  5.5% 5.4% 5.2%

  79.7%80.0%79.9%79.8%79.8% 5.0% 5.3%

  80.0% 79.3%79.0%

  4.7% 4.9% 5.0% 5.0%

  4.6% 4.8%

  4.6% 4.4% 4.5% 4.5% 4.5% 4.4%

  4.6% 4.6% 78.0%

  4.2% 4.4% 4.3% 4.4%

  76.8% 4.0% 4.2% 4.1% 4.1% 4.2% 4.2% 4.2% 4.0% 4.0%

  76.6% 76.1%76.0%

  75.5% 76.0%

  75.2% 74.5% 3.0%

  74.0% 2.0%

  72.0% 1.0%

  70.0% 0.0%

  68.0% % Foreign Ownership

  Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  5.0% 26.0%

  25.6% 25.4%

  25.2% 4.5%

  4.3% 25.1%

  25.0% 25.0%

  4.2% 4.2% 4.2% 4.3% 4.2% 4.3% 4.2% 4.2% 4.2% 4.2% 24.9%

  24.8% 25.0%

  4.1% 24.7%

  3.9% 3.9% 24.5%

  4.0% 24.3%24.2%24.4%

  24.2% 24.1%

  24.1% 24.0% 23.9%

  23.9% 24.0%

  23.7% 23.7% 23.7% 3.5%

  23.5%23.5% 23.5%

  3.1% 23.3%

  23.2% 23.2%

  23.0% 23.0% 3.0%

  2.8% 2.8% 23.0% 22.9%22.8%22.8%

  2.7% 2.8% 2.7% 22.7% 22.8%

  2.6% 22.6% 22.6%

  2.5% 2.6% 2.5% 2.5%

  22.5% 2.4% 2.4%

  2.5% 2.3%

  2.2% 2.2% 2.3% 2.2% 22.0%

  2.1% 22.0%

  21.9% 21.9% 2.0% 22.0%

  21.7% 1.9% 1.9% 2.0%

  21.6%21.7% 2.0%

  1.8% 1.8% 1.8% 1.8% 1.7% 1.7%

  1.6% 1.6%

  1.5% 21.0%

  1.0% 20.0%

  0.5% 0.0%

  19.0%

Tobacco Sector BANKING SECTOR TOBACCO SECTOR Average foreign ownership in the tobacco sector Average local mutual fund ownership

  80.0% 25.0%

  22.0%22.1%21.8%21.5% 69.1%69.3%68.6%68.0%68.0%68.2%68.5%

  21.3%21.7% 70.0%

  66.6%66.5%66.0%65.6% 20.4%

  64.5% 64.5%64.5%63.6%63.4% 64.1%

  20.0% 62.9%

  19.5% 61.8%62.0%63.0%

  20.0% 18.3%

  18.3%18.2% 60.0%

  17.9% 55.4%55.2%54.4%54.9%54.7%56.1%55.9%56.0%55.1%53.7% 16.9%

  53.1%54.0%53.4%53.4% 16.7% 16.5% 16.4%16.5%

  51.6% 16.0%16.3% 15.8%15.8%15.8% 15.8%15.9%

  49.9% 48.5%

  15.4%15.2% 48.1%

  50.0% 14.8%

  14.6%14.4% 47.0%45.9%45.5%45.7%46.0%46.1% 15.0% 14.4%14.2%

  14.0% 13.5%13.7%

  13.1%12.8% 40.0%

  11.7%11.5%11.5% 11.2%

  10.5%10.8%10.5% 10.0%

  30.0% 20.0%

  5.0% 10.0%

  0.0% 0.0%

  % Foreign Ownership Average of % local MF

Average local pension fund ownership Average foreign mutual fund ownership

  4.5% 25.0%

  4.2% 4.2% 4.2% 4.2% 4.1% 4.0% 4.0%

  21.8% 4.0% 3.9%

  4.0% 21.5%21.5%21.7%21.6%21.7% 21.3%21.5%

  3.8% 21.9%21.8%21.5%21.6%21.5%21.4%21.8%

  21.3%21.2% 20.8%

  3.7% 3.7% 20.6% 20.6% 20.3% 20.4%20.4% 20.5%20.4%20.7%

  20.3% 3.6% 3.6% 3.6% 3.6% 3.6% 3.6% 3.6%

  20.0% 3.6% 19.8% 19.8%

  3.5% 19.5%

  3.5% 3.5% 20.0%

  3.4% 3.5%

  18.6% 18.6%18.6%18.4%18.8% 17.9%18.0%

  3.2% 3.1%

  3.0% 3.0% 3.0% 3.0% 3.0%

  3.0% 3.0% 2.9%

  3.0% 2.8% 2.8% 2.8% 2.8%

  15.0% 13.8%13.8%13.8%14.1%14.2%14.1%13.7%

  2.5% 2.0%

  1.7% 10.0%

  1.4% 1.5% 1.4% 1.4% 1.4% 1.4% 1.5% 1.0%

  5.0% 0.5% 0.0%

  0.0%

INDEX MEMBERS Sector Members

  Banking BBRI, BBNI, BMRI, BBCA, BBTN Cement

  Coal ADRO, PTBA, ITMG, HRUM, UNTR, DOID Construction PTPP, ADHI, WIKA, WSKT

  Media SCMA, MNCN Plantation AALI, LSIP

Property BSDE, SMRA, ASRI, CTRA, PWON

Retail ACES, MAPI, LPPF, RALS Telecommunication TLKM, EXCL

  BANKING SECTOR Appendix

INTP, SMGR Consumer Staples UNVR, INDF, ICBP, MYOR, KLBF, ROTI

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