๐๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฌ๐ฅ๐ข๐ ๐ก๐ญ๐ฅ๐ฒ ๐ฅ๐จ๐ฐ๐๐ซ ๐ข๐ง-๐ฅ๐ข๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐๐ข๐ฌ๐๐๐ฅ ๐ฌ๐ญ๐๐ฅ๐๐ฆ๐๐ญ๐ ๐๐๐ญ๐ฐ๐๐๐ง ๐ญ๐ก๐ ๐๐ก๐ข๐ญ๐ ๐๐จ๐ฎ๐ฌ๐ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐ฆ๐จ๐๐ซ๐๐ญ๐ฌ ๐จ๐งย ๐๐๐๐๐-๐๐ ๐ฌ๐๐๐จ๐ง๐ ๐ฌ๐ญ๐ข๐ฆ๐ฎ๐ฅ๐ฎ๐ฌ ๐๐ข๐ฅ๐ฅ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ ๐ฉ๐ซ๐จ๐ง๐ ๐จ๐ ๐ฉ๐ซ๐จ๐๐ข๐ญ-๐ญ๐๐ค๐ข๐ง๐ ๐ฌ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฅ๐จ๐ง๐ -๐ฐ๐๐๐ค๐๐ง๐, ย ๐๐ฎ๐ญ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฌ
Morning,
The Jakarta Composite Index (JCI) today (14/8) is expected to hover between ย 5,200pt โ 5,325pt and prone to profit-takings but stable USDIDR close supports.ย Meanwhile yesterday (13/8) in Wall Streetย the ย DJIA ย ended lower by ย 80 points or 0.3% ย at 27,897pt , while the S&P500 and the Nasdaq both closed lower and higher by 0.2% and 0.3%, respectively.
๐๐ง๐๐จ๐ง๐๐ฌ๐ข๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐ฌ๐๐๐ญ๐จ๐ซ
๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐๐ง๐๐๐ข๐ญ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐ข๐ซ๐๐๐ญ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐ฉ๐๐ง๐๐๐ฆ๐ข๐- ๐๐๐๐จ๐ฆ๐ฆ๐จ๐๐๐ญ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐๐ฅ ๐๐ง๐ย ๐ฆ๐จ๐ง๐๐ญ๐๐ซ๐ฒ ๐ฉ๐จ๐ฅ๐ข๐๐ข๐๐ฌ
In the majorย news this week was that the government through the Finance Ministry will transfer a total amount of grants of IDR22tr to micro-small-and medium (UMKM or โUsaha Mikro Kecil Menengahโ) entrepreneurs in the country of 9.1mn accounts, effective August 17 the Independence day.ย The total amount accounted for about 6% value of Wholesale and Retail Sectors of Non-Car and Non-Motorcycles in the 2Q20 current economic value and about 1% of total GDP during the 2Q20.ย The news of the day indeed had propelled the JCI higher despite regional weak close, as investors are aware that the sums would support higher purchasing power of consumers and thus the economy.
The above move was carried on the burden-sharing scheme between the government and the central bank Bank Indonesia (BI) whereby the later had been the standby buyer of the governmentโs debt issuance tender for 7 (seven) debt papers. The tenderย attracted total value of IDR106.01tr with range of bid-to-cover ratio from 2.97 times to 10. 87 times. The government approved final offer of IDR22tr as this particular raising is the first one on the burden-sharing scheme to finance non-public goods, and the second one since the scheme was launched to response the current pandemic climate.ย A specified use of quantitative easing is a better shape of monetary tools, we guess , ย as compared to a more general one.
The quantitative easing was also used in November 2008 (QE1) in the United States (US) when Federal Reserve System used it to combat massive damage after the collapse of mortgage sub-prime bonds that financed the then-housing market. The QE1 later was extended to QE2s until December 2013 when the Fed decided to taper. During the period, the US economy managed to have emerged from a contraction of 2.9% YoYย in 2009 (2008:-0.1% YoY) to the positive zones afterwards. During the period of QEs, ย in the case of the US government seller, it did not specify ย use of the funds, while the clear general influences had been to inject more liquidity to the economy and to lower interest rates, both of which had done its job.
At the other end, yesterday ย the WTI price closed lower by 1% at USD42.2/barrel on lower 2020 demand forecast from the ย EIA. Meanwhile the ย USDIDR ย closed ย at IDR14,877 ย vs. IDR14,777 the previous one.
We advise the following recommendations, for both trading and longer-time investment purpose. ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐จ๐ณ๐ช, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ฏ๐ฅ๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ฏ๐จ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ถ๐ต๐ฐ๐ฎ๐ข๐ต๐ช๐ท๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,