๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ฅ๐จ๐ฌ๐๐ ๐๐ฅ๐ฆ๐จ๐ฌ๐ญ ๐ฎ๐ง๐๐ก๐๐ง๐ ๐๐, ๐จ๐ง ๐ ๐ฆ๐ฎ๐ญ๐๐ ๐ฆ๐จ๐๐ ๐๐๐ญ๐๐ซ ๐ซ๐๐๐๐ก๐ข๐ง๐ ๐ซ๐๐๐จ๐ซ๐ ๐ก๐ข๐ ๐ก๐ฌ ๐ญ๐ก๐ ๐ฉ๐ซ๐๐ฏ๐ข๐จ๐ฎ๐ฌ ๐๐๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/22) is expected to be in the range of 6,350pt โ 6,450pt tend to consolidate but backed by stable USDIDR and oi l close . ย Meanwhile, yesterday (1/21) the DJIA closed lower by 12 points or by 0.04% to 31,176pt, while the S&P500 and the Nasdaq both ended higher by 0.03% and 0.6%, respectively.
๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐ฌ๐๐๐ญ๐จ๐ซ ๐ข๐ฌ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ฒ ๐%-๐% ๐๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฒ๐๐๐ซ
Gabungan Pengusaha Makanan dan Minuman Indonesia (The Indonesian Food & Beverages Association or GAPMMI) estimates that the sector to grow by 5 โ 7% YoY this year vs. expected of 4% YoY last year.ย Meanwhile, growth rate of the sector during January โ June 2020 was at 2.03% YoY as compared to 7.4% YoY during January โ June 2019.
Food & Beverages, excluding Restorants (F&B) is of the biggest contributor in the private consumption account of the countryโs economy statistic, constitued of 38% of total private consumption during the 3Q20. In the 3Q20, the F&B grew by 3.4% QoQ, a reverse from a contraction of 4% QoQ during the 2Q20. The pandemic related lock-down initiated in mid-March had impacted the F&B figure meaningfully given the festive Eid took place in the same 2Q20.
Estimating the F&B to grow by 6% in the 4Q20, ย or about twice the rate ย of the 3Q20, total annual F&B account is projected to growth by 2.4% YoY last year. This implies the Associationโs growth rate estimate of 5% -7% YoY this year seems slightly aggressive, in our preliminary note. To make a comparison, Food & Refreshment segment of the publicly listed UNVR grew by -10.9% QoQ during the 3Q20 (2Q20:+1.5% QoQ, 9M20:-3.5% YoY).
At the other end, yesterday ย the WTI price closed lower by 0.3% to USD53.1/barrel as compared ย to the previous close. US weekly oil inventory data release pointed to an increase of 2.6mn barrels as compared to the estimated withdraw of 1.2mn barrels. Meanwhile, the USDIDR ย closedย at IDR14,039 ย vs. IDR14,065 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,