๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ-๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐ก๐ ๐๐๐๐ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐.๐%, ๐ฐ๐ก๐ข๐ฅ๐ ๐ญ๐ก๐ ๐&๐๐๐๐ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ช ๐ฐ๐๐ซ๐ ๐๐จ๐ฐ๐ง ๐๐ฒ ๐.๐% ๐๐ง๐ ๐.๐% ๐ซ๐๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐๐ฅ๐ฒ , ๐จ๐ง ๐ฌ๐ญ๐จ๐๐ค ๐ซ๐จ๐ญ๐๐ญ๐ข๐จ๐ง
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐ซ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (11/11) is expected to be in the range of 5,415pt โ 5,550pt, to extend gain although limited, ย also by support of sound and stable domestic financial system.
Meanwhile, yesterday ย (11/10) the DJIA closed higher ย by ย 263 points or 0.9% to 29,421pt, while the ย S&P500 and the Nasdaq both ended lower by 0.1%, and 1.4%, respectively. ย The broader indices gained as investors shifted from technology counters into those of economic-recovery ones.
๐๐ง๐๐จ๐ฎ๐ซ๐๐ ๐ข๐ง๐ ๐ญ๐ซ๐๐ง๐ ๐จ๐ ๐ข๐ง๐๐ฅ๐จ๐ฐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ย ๐ฌ๐ญ๐จ๐๐ค ๐ฆ๐๐ซ๐ค๐๐ญ (๐)
Yesterday saw net a ย foreign inflow of IDR2.3tr, bringing total accumulated journal to IDR44.0tr compared to that of in October 27 of IDR47.4tr (please refer to market note dated 10/27), a positive development. We relate the development to several factors as (1) the countryโs attractive yield differential, (2) ย sound and stable financial system, (3) and the 3Q20 GDP figure data that showed a meaningful QoQ improvement . However, most important, latest 7-days average of new cases of COVID-19 in capital city Jakart has improved to 9.1% as compared to 9.9% in the previous weeks and to 11%-13% in the preceeding weeks.
All the while, Indonesia is also expected to benefit from the latest progress on COVID-19 vaccine , by Pfizer and BioNTech. This product seems to outstand the other vaccineโs producers such as Astra Zeneca and Oxford University, Novavac and Valneva.
As government of most countries seems to have been implementing the best possible monetary, fiscal, and social policies to face the COVID-19 virus case, the confirmation of the appropriate vaccine will be the main determinant for most economies to be back in normal and in improving level, in our note.
At the other end, yesterday ย (11/10) the WTI price closed higher ย by ย 2.7% at USD41.4/barrel on promissing results of last-stage trials of COVID-19 vaccines by Pfizer and BioNTech . ย Meanwhile, the USDIDR ย closedย at IDR14.015 ย vs. IDR14.172 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,