๐๐๐๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
*๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐% ๐๐ฌ ๐ฅ๐๐ฐ๐ฆ๐๐ค๐๐ซ๐ฌ ๐๐๐ฅ๐ฅ ๐ข๐ง๐ญ๐จ ๐ฅ๐๐ฌ๐ญ-๐ฆ๐ข๐ง๐ฎ๐ญ๐๐ฌ ๐๐ข๐ฌ๐ฉ๐ฎ๐ญ๐ ๐ญ๐ก๐๐ญ ๐ฉ๐ซ๐๐ฏ๐๐ง๐ญ๐๐ ๐ ๐ฉ๐๐ฌ๐ฌ ๐จ๐ง ๐ ๐๐๐๐๐-๐๐ ๐๐ข๐ ๐๐ข๐ฅ๐ฅ ๐ฐ๐จ๐ซ๐ญ๐ก ๐๐๐๐๐๐๐๐ง
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐๐จ๐ฆ๐ฆ๐จ๐๐ข๐ญ๐ข๐๐ฌ’ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (12/21) is expected to be in the range of 6,050pt โ 6,200pt, being propped by trending higher USDIDR and commoditiesโ price close.ย Meanwhile, Friday last week ย (12/18), the DJIA closed lower by 124 points or 0.4% to 30,179pt, while the S&P500 and the Nasdaq both ended lower by 0.4% and 0.1%, respectively.
๐๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ฒ๐๐๐ซ ๐๐๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ (๐๐ง๐๐จ๐ง๐๐ฌ๐ข๐ ๐๐ญ๐จ๐๐ค ๐๐ฑ๐๐ก๐๐ง๐ ๐)
At present, the rolling out of COVID-19 vaccination programs world-wide is expected to boost confidence and lower uncertainty and fulfill economic recovery forecasts.ย At present, world economic growth is projected at 4% +by major institutions, from an estimate of contraction this year. ย ย In addition, the equity indices, usually seen as a leading indicator of the economy ย have turned positive for the year last Friday, as in Malaysia (+3.8%), Vietnam (11.1%), Australia (+1.8%), South Korea (26.1%).
Indonesia stock market is expected to tread similar positive course, with the JCI currently at -3.1% year-to-date, and +56% off its year-low on March 24. For the year 2021, market consensus 12M-target for the JCI, as quoted from the media, ย is at the range of 6,000pt โ 7,000pt, which is an acceptable range, given the current overall business climate and particular valuations indicators.
At the other end, given the latest development, we are comfortable to maintain our set of recommendation below both for trading and longer- term investment goal.ย The selected counters not only represent the vibes of domestic economy but also of high ย level of market capitalization and of sound fundemental performances, and of decent prospect of growth, while in a moderate valuations stage.
Starting in 2021, ASII and GGRM are ommited from the list, while MNCN, ULTJ, and SIDO are added for the purpose of ethical investing for adherence to the OJK โs (Otoritas Jasa Keuangan or financial service authority) shariโa list of companies.
At the other end, yesterday ย the WTI price closed higher by 1.5% to USD49.1/barrel vs. the previous one ย as investors focused on the rollout of COVID-19 vaccines and looked past rising coronavirus cases across the world. ย Meanwhile, the USDIDR ย closedย at IDR14.146 ย vs. IDR14.152 ย 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,