The JCI October 12, 2020
๐๐๐ญ๐จ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ ( ๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐% ๐๐ฌ ๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐ฌ๐๐๐ฌ๐จ๐ง ๐ค๐ข๐๐ค๐ฌ ๐ข๐ง ๐ญ๐จ ๐ญ๐จ๐ฆ๐จ๐ซ๐ซ๐จ๐ฐ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ญ๐ซ๐๐ง๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฅ๐ฌ๐จ ๐จ๐ง ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐จ๐ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐
Morning,
The Jakarta Composite Index (JCI) today (10/12) is expected to be in the range of 4,985pt โ 5,125pt, to fluctuate but attempt higher also onย the lift of large scale social distancing (PSBB) back into a transition โ PSBB effective today.ย Meanwhile, Friday last week ย (10/9) the DJIA closed higher by ย 161 points or 0.6% to 28,587pt, while S&P500 and the Nasdaq both increased ย by ย 0.9% and 1.4%, respectively.
๐๐๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐ฌ๐๐๐ฌ๐จ๐ง ๐ฆ๐ข๐ ๐ก๐ญ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ญ๐ซ๐ข๐ ๐ ๐๐ซ๐ฌ
Against current depressed valuations in the Jakarta exchange, 3Q20 earnings results might triggers upward re-rating, at the time when data releases meet the consensus estimates. In a transition of pandemic situation, predictability trait is aย factor is of higher value as compared to a normal situation, in our note.ย This implies sectors of consumers, trade, automotive, is expected again to be in the favor of more risk-prudence investors.
๐๐๐ง๐๐๐ฆ๐ข๐-๐๐ซ๐๐, ๐ญ๐ก๐ ๐๐จ๐ง๐ฌ๐ญ๐๐ง๐ญ ๐ฆ๐จ๐ง๐ข๐ญ๐จ๐ซ
PSBB transition is decided to start today in Jakarta ย as epidemic and health facility data has seen to be improved, to be effective until October 25.ย In the transition-PSBB business ofย non- essential and essential sectors are both able to operate on at least of 25%-50% capacityย vs. 0%-25% previously . Residents seem to have been accustomed to the COVID-19 virus, as indicated among others, of Positivity Rates (PR)ย in capital city Jakarta of above 10% in recent weeks, unfortunately. To get a steady declining PR requires cohesive actions not only within regionals but also from the central government, which is now a challenge to the country, in our note.
At the other end, Friday last weekย the WTI price closed lower byย 1.4%ย at USD40.6/barrel as compared to the previous one, on ย end of labor strike in Norwegianโs oil rigs. ย Meanwhile the USDIDR ย closedย at IDR14.737ย vs. IDR14.750 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,