The JCI April 1, 2021
๐๐ฉ๐ซ๐ข๐ฅ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ-๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฆ๐ข๐ฑ๐๐, ๐ข๐ง ๐ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐ง๐ ๐ฉ๐ก๐๐ฌ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐๐๐, ๐ฐ๐ก๐ข๐ฅ๐ ๐ญ๐ก๐ ๐&๐๐๐๐ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ช ๐๐จ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐๐ง๐ญ๐ฌ ๐ข๐ง๐๐ข๐๐๐ญ๐๐ ๐๐๐ซ๐ญ๐๐ข๐ง ๐๐๐ ๐ซ๐๐ ๐จ๐ ๐ฎ๐ง๐๐๐ซ๐ญ๐๐ข๐ง๐ญ๐ข๐๐ฌ, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ฌ๐๐ฅ๐จ๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ ๐จ๐ ๐ข๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ฎ๐ซ๐ ๐ฌ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐ฒ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฉ๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ ๐๐จ๐ ๐๐ข๐๐๐๐ง ๐ฒ๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฉ๐ซ๐จ๐ฉ๐ฉ๐๐-๐ฎ๐ฉ ๐๐ฒ ๐๐๐ซ๐ ๐๐ข๐ง ๐ก๐ฎ๐ง๐ญ๐๐ซ๐ฌ
Morning,
The Jakarta Composite Index (JCI) today (4/1) is expected to be in the range of 5,950pt โ 6,100pt, ย to fluctuate and be supported by bargain hunters. ย Meanwhile, yesterday (3/31), the DJIA closed lower by 85 points or 0.3% to 32,982pt, while the S&P500 and the Nasdaq ended higher by 0.4% and 1.5%, respectively.
The JCI recorded its day-support at 5,893pt yesterday, or down by 3.0% against the previous close , while foreign net outflow was recorded at IDR1.1tr. Yesterdayโs lowest level is meaningfully worse than our and consensus-estimate. ย This volatility implies trading opportunity and at the same time serves as a reminder of the risk of shorter-term stock trading in time of borderless spaces.
In a medium to longer term, the JCI is expected to return to reflect its intrinsic value, now the COVID-19 virus problem in Indonesia is seemed very well under-controlled, as reported by the media. The JCI is expected to land in higher support level today that the reference yield of the 10-year US bonds is off its yesterday high, now at 1.74%.
At the other end, last week the WTI price ended lower ย by 1.9% to USD59.5/barrel as compared ย to the previous close, ย also cautious ahead of OPEC+ members meeting today. However, oil trading received support from Chinaโ s March manufacturing index that expanded at the fastest rate in three months. ย ย Meanwhile, the USDIDR ย closedย at IDR14,572 vs. IDR14,481the 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,