The JCI September 21, 2021
๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐,๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐:ย ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐๐ซ๐จ๐ฎ๐ง๐ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐ฆ๐๐ฃ๐จ๐ซ ๐ข๐ฌ๐ฌ๐ฎ๐๐ฌ ๐ฌ๐ฎ๐๐ก ๐๐ฌ ๐ญ๐ก๐ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ฅ๐ ๐๐๐๐๐ฎ๐ฅ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐จ๐๐๐ฌ๐ก๐จ๐ซ๐ ๐๐จ๐ง๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ง๐ ๐ฌ๐๐๐จ๐ง๐-๐๐ข๐ ๐ ๐๐ฌ๐ญ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ซ ๐๐ฏ๐๐ซ๐ ๐ซ๐๐ง๐๐, ๐๐ฌ ๐ฐ๐๐ฅ๐ฅ ๐๐ฌ ๐ญ๐ก๐ ๐ฎ๐ซ๐ ๐๐ง๐๐ฒ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฅ๐๐ฐ๐ฆ๐๐ค๐๐ซ๐ฌ ๐ญ๐จ ๐ฉ๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ฎ๐ง๐๐ข๐ง๐ ๐๐ข๐ฅ๐ฅ, ๐๐ฅ๐ฅ ๐ญ๐ก๐ ๐ฐ๐ก๐ข๐ฅ๐ ๐จ๐ง ๐ฃ๐ข๐ญ๐ญ๐๐ซ ๐จ๐ ๐ญ๐ก๐ ๐ ๐๐๐’๐ฌ ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง ๐ซ๐๐ฅ๐๐๐ฌ๐ (๐/๐๐)
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (9/21) is expected to trade between 6,000pt – 6,150pt to ย ย hold possible selling pressures also by support of ย bargain hunters. Meanwhile, yesterday ย (9/20) Wall Street ended with the DJIA closed lower by 614pt or 1.8% to 33,971pt, while the S&P500 and the Nasdaq ย closed lower by 1.7% and 2.2%, respectively.
Evergrande Property is the property arm of the highly profile – listed China Evergrande Group (3333-HK) , of 4.9x debt-to-equity ratio as of December last year. With the heavy ย debt level of the Group, the inability to pay currently-due ย interest and principal of Evergreen Property to huge offshore bondholders was linked to the negative sentiment as well as to immediate liquidation problems for lenders.
The JCI ย today is expected to be supported by the sustainably-improved COVID-19 pandemic management as indicated by another low of 0.7% (9/19) positivity rates of new cases in the capital city Jakarta, and about a similar improved-picture on the domestic country scale.
At the other end, yesterday ย the WTI price closed lower by 2.3% to ย USD70.3/barrel , also on the higher USD index which were part of of the impact from possible default of the Evergrande Property. Meanwhile, the USDIDR closed ย at IDR14,251 vs. IDR14,233 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, 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,