The JCI September 24, 2020
๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย ย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐:ย ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐ฉ๐ฅ๐ฎ๐ง๐ ๐๐ ๐๐ฒ ๐จ๐ฏ๐๐ซ ๐% ๐จ๐ง ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ ๐ญ๐๐๐ก ๐ฌ๐ก๐๐ซ๐๐ฌ ๐ฌ๐๐ฅ๐ฅ-๐จ๐๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ ๐ณ๐จ๐ง๐, ๐ฐ๐ข๐ญ๐ก ๐๐ข๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐จ๐ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (24/9) is expected to be within the range of 4,825pt โ 4,975pt, to fluctuate in the red zone but stable USDIDR and oil close are expected to provide strong prop. ย Meanwhile, yesterday (23/9) the DJIA closed lower ย by ย 526 points or 1.9% to 26,763pt, while S&P500 and the Nasdaq both plunged by 2.4% and 3.0%, respectively. While central bank the Fed and, also,ย the administration have committed to support growth during current pandemic framework, contradictory statements around the coming United States presidential election ( November 3 ) have confused investors, in our note.
๐๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐ข๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐ฌ๐ก๐จ๐ซ๐ญ๐๐ซ ๐๐ง๐ ๐ฆ๐๐๐ข๐ฎ๐ฆ ๐ญ๐ข๐ฆ๐ ๐๐ซ๐๐ฆ๐, ๐ญ๐ก๐ ๐๐๐ ๐๐๐ง’๐ญ ๐ก๐๐ฅ๐ฉ ๐๐ฎ๐ญ ๐ญ๐จ ๐๐๐๐ญ๐จ๐ซ-๐ข๐ง ๐ฌ๐จ๐๐ข๐๐ฅ ๐๐ง๐ ๐ฉ๐จ๐ฅ๐ข๐ญ๐ข๐๐๐ฅ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ๐ข๐ฌ๐ฌ๐ฎ๐๐ฌ, ๐ฐ๐ข๐ญ๐ก ๐ก๐ข๐ ๐ก๐๐ซ ๐ฐ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ซ๐๐ ๐ญ๐จ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐ฉ๐๐ซ๐ข๐จ๐ ๐ข๐งย ๐ญ๐ก๐ ๐ฅ๐๐ฌ๐ญ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฒ๐๐๐ซ๐ฌ
Current strong issues include the pressures for the government to delay Simultaneous Local Elections , scheduled on December 9 this year. The elections is planned to elect 9 (nine) governors, 37 (thirty seven mayors), and 224 (two hundred twenty four) regents across the country by over 100 mn eligible voters.
Mounting pressures were visible recently for the government to delay the above plan, mainly for fear of COVID19 new spread clusters. Apart from health reason, pressures to delayย mayย also absorb political resentment that cameย from the fact that 2 (two) mayors candidates, for Solo and for Medan, involve the direct family of the current president , and this is viewed by some as an unfavorable ย coordinated -nepotism act, in our observation.
The above, among others, is expected to also color the move of the JCI, in our note.ย For longer-time investors, Indonesian big market capitalization stocks with sound fundamental and sufficient average trading value are of at the favorable time to consider for a timely re-entrance to average down.
At the other end, yesterday ย the WTI price closed higher by 0.3% ย at USD39.9/barrel as compared to the previous one on inventory decline. ย Meanwhile the ย USDIDR ย closedย at IDR14.835 ย vs. IDR14.782 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,