๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ ( ๐๐๐ฌ๐ญ๐๐ฌ๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐%, ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐&๐๐๐๐ ๐๐ง๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ช ๐ก๐ข๐ญ ๐ซ๐๐๐จ๐ซ๐-๐ก๐ข๐ ๐ก
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ฎ๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐ญ๐ซ๐๐ง๐ ๐ญ๐จ ๐๐ฑ๐ญ๐๐ง๐ ๐ ๐๐ข๐ง ๐๐ง๐ ๐๐ฎ๐ฉ๐ก๐จ๐ซ๐ข๐ ๐จ๐ง ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง’๐ฌ ๐ฎ๐ฉ๐ญ๐ข๐๐ค ๐ข๐ง ๐๐ฎ๐ ๐ฎ๐ฌ๐ญ
Morning,
The Jakarta Composite Index (JCI) today (2/9) is expected to be within the range of 5,275pt โ 5,425pt, with an incline to stay in positive momentum. ย ย Meanwhile, yesterday (1/9) in Wall Streetย theย DJIAย ended higher byย 216 points or 0.8%ย at 28,646pt , while the S&P500 and the Nasdaq both ย closed higher byย 1.4%, respectively.ย The price hike of Apple, Zoom Video, and Wal Mart were the main drivers of the record close of the S&P500 and the Nasdaq.
๐๐ง๐๐จ๐ง๐๐ฌ๐ข๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐๐๐ญ๐จ๐ซ
..๐๐ฑ๐ก๐ข๐๐ข๐ญ๐๐ ๐๐ฎ๐ ๐ฎ๐ฌ๐ญ’๐ฌ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง ๐ข๐ง๐๐ซ๐๐ฆ๐๐ง๐ญ
Domestic stock market yesterday (1/9) cheered consumptionโs uptick in August as indicated by substantially lower month-on-month (MoM) deflation rate of 0.05% vs. 0.1% in July. ย The biggest contributors on the monthly August increment were Personal Maintenance, and Other Services, at 0.13ppt, and Education at 0.03ppt.
To remind, Personal Maintenance and Other Services account was added by the Central Statistic started to January this year to reflect the latest spending pattern and to include that of e-commerce development.ย New goods and services included in this item , among others, are childcare services, cell-phone accessories, power bank, strollers, suit-cases, and photo studio services.ย Effective January this year, 4 (four) additional Classifications were added to revise the previous 7 (seven) Classifications.
Meanwhile, on an annual basis, August CPI increased by 1.32% , which ย demonstrated a gradual decline since February this year at 2.98% YoY ย (March: 2.96% YoY, April: 2.67% YoY, May: 2.19% YoY, June: 1.96% YoY, and July: 1.54% YoY). ย Lower purchasing power as well as precautionary acts that arose from the Covid-19 virus spread are the main reasons behind the lower inflation rates, in our note.
The second contributor of August MoM lower deflation rates is the Education spending that contribute by 0.03ppt, as August is the start of the new school terms and payments mostly should be paid-up before end of the month.
The third contributor is Foods & Beverages Procurements, of 0.01ppt, as more as limitedย lock-down relaxation gradually intensified dining out activities.
Whether consumptions upbeat be maintained in the coming months ย depend, significantly, ย on the Covid-19 virus spread and handling, in our view.
At the other end, yesterday the WTI price closed at USD42.8/barrel as compared to USD42.6/barrel the previous one.ย Meanwhile the ย USDIDR ย closedย at IDR14.615ย vs. IDR14.554 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,