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Low valuations reflect persistent foreign outflows and concerns about the country's macroeconomic and earnings outlook. \"While this creates an attractive valuation entry point, we do not expect cheap valuations alone to trigger an immediate re-rating,\" they say. An MSCI review in November is a key near-term catalyst for the Indonesian stock index as a favorable outcome could help restore foreign investor confidence. Until then, DBS expects the index to remain largely rangebound. The Jakarta Composite Index is 0.4% higher at 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Venture                        16.91      16.72      +0.19      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