๐๐๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ -๐,๐๐๐๐ฉ๐ญ ย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐๐๐ญ๐๐ซ ๐ซ๐จ๐ฅ๐ฅ๐๐ซ-๐๐จ๐๐ญ๐๐ซ ๐ฌ๐๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ ๐ญ๐ซ๐ข๐ ๐๐ซ๐ซ๐๐ ๐๐ฒ ๐ ๐ฌ๐ฎ๐๐๐๐ง ๐ฉ๐ฅ๐ฎ๐ง๐ ๐ ๐ข๐ง ๐๐ข๐ญ๐๐จ๐ข๐ง ๐ฉ๐ซ๐ข๐๐, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ ๐จ๐ ๐ฌ๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ’ ๐๐ข๐ ๐๐ฌ๐ญ๐ข๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ข๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐ซ๐๐ญ๐ ๐๐ญ ๐.๐% ๐๐จ๐ ๐ข๐ง ๐๐ฉ๐ซ๐ข๐ฅ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐๐๐ซ๐ ๐๐ข๐ง ๐ก๐ฎ๐ง๐ญ๐๐ซ๐ฌ
Morning,
The Jakarta Composite Index (JCI) today (5/20) is expected to be in the range of 5,700pt โ 5,825pt, to fluctuate and also supported by bargain hunters. ย Meanwhile, yesterday (5/19), the DJIA closed lower by ย 165 points or 0.5% to 34,061pt, while the S&P500 and the Nasdaq both ended lower by 0.3% and 0.03%, respectively.
The JCI was trading slighlty worse-than-our and consensusโ expectation yesterday, closed at 1.3% lower than the previous one, with foreign funds still recorded a net sell of IDR281bn. ย The selling pressure yesterday has come without surprises for stakeholders, for Indonesia as part of the emerging Asia countries is now playing the race-game for business recovery rate against other major countries, and at present not at the most advantageous spot.
Should Indonesia annual GDP growth this year be lower as compared to that of Advanced Economies ย of an average of 5.1% YoY (the US of 6.4% YoY, France of 5.8% YoY, the United Kingdom ofย 5.3% YoY, Italy of 4.2% YoY, among others), stakeholders in the Jakarta equity market have to be more dilligent in their stock-picking approaches. This also implies the JCI ย year-end target by consensus of within the 7,000pt, which was set early this year, likely have to be revised down.
In the media this morning, the Indonesia government through its Economic Co-ordinating Ministry re-iterated its year end GDP target of 4.5% – 5.3%, while the rate at the 2Q21 is expected atย 7% YoY ( 1Q21: -0.74% YoY, -0.95% QoQ).
At the other end, yesterday ย ย the WTI price ended lower ย by ย 3.5% to USD63.2/barrel , mainly on re-newed fear of demandย as major Asia countries of India, Vietnam, Taiwan and Thailand are still struggling to keep pandemic diseasi COVID-19 under controlled. Meanwhile, the USDIDR ย closedย at IDR14,313 vs. IDR14,300 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, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐,๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,