๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐จ๐ฏ๐๐ซ ๐% ๐๐ฌ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ ๐๐๐ ๐๐ซ๐ฅ๐ฒ ๐ฐ๐๐ข๐ญ ๐๐จ๐ซ ๐ฐ๐๐๐ค๐ฅ๐ฒ ๐ฃ๐จ๐๐ฅ๐๐ฌ๐ฌ ๐๐ฅ๐๐ข๐ฆ ๐ญ๐จ๐๐๐ฒ, ๐๐ญ ๐๐ง ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐๐-๐๐ง๐-๐๐๐ฅ๐จ๐ฐ ๐๐ฆ๐ง ๐๐จ๐ง๐ฌ๐๐ง๐ฌ๐ฎ๐ฌ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐จ๐ ๐๐๐๐ค ๐ฎ๐ง๐ข๐ญ๐ฌ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐๐ข๐ง ๐๐๐ ๐ ๐๐ฎ๐ญ ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐๐ ๐๐ฒ ๐ฐ๐๐๐ค๐๐ง๐๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (3/9) is expected to be within the range of 5,275pt โ 5,425pt, tend to stay in positive momentum in the midst of ย less-supporting USDIDR and oil close. Meanwhile, yesterday (2/9) in Wall Streetย theย DJIAย ended higher byย 455 points or 1.6%ย at 29,101pt , while the S&P500 and the Nasdaq both ย closed higher byย 1.5% and 1.0%, respectively. Investors eagerly expect weekly jobless claim for the period ended August 29 to decelerate to below 1mn cases.
๐๐ง๐๐จ๐ง๐๐ฌ๐ข๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐๐๐ญ๐จ๐ซ
๐๐๐ง ๐๐ ๐ก๐ฎ๐ซ๐ญ ๐ข๐ ๐ญ๐ก๐ ๐๐๐ซ๐ฅ๐ข๐๐ฆ๐๐ง๐ญ ๐๐๐ข๐ง๐ ๐ข๐ฆ๐ฉ๐ซ๐ฎ๐๐๐ง๐ญ, ๐๐ฌ๐ฉ๐๐๐ข๐๐ฅ๐ฅ๐ฒ ๐ฆ๐จ๐ซ๐ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฉ๐๐ง๐๐๐ฆ๐ข๐ ๐๐จ๐ฏ๐ข๐-๐๐ ๐ฉ๐๐ซ๐ข๐จ๐
During the current pandemic situation, people representatives in the Parliament should exercise restrain and prudence in the process and the ratifications of subject-laws that are gist to public feel and welfare, in our note.
The most recent example was that of the draft law of Pancasila Course Directions ( or HIP = Haluan Ideologi Pancasila) that sparked massive gatherings, both to discuss and to protest. Fortunately, ย the process has been delayed, before huge loss in-terms of uncertainties that may lead to situations, from consumers substantially lowering spending to chaos that may lead to bank-runs.
The latest one, on the news on August 31, was the draft law to amend the law of central bank the year 2008, ย that cover the mandate of the entity of the central bank Bank Indonesia. This topic, unlike that of the HIP, being more specific in nature, limit the interest of only those involved in the financial sector.ย However, unless being address in a just and clear manner, this too, may lead to situations that eventually ย hurt consumers. The core subject being debated by stakeholders are that of independency of the central bank, as the amendment allow structure so as to provide space for the government to have significant involvement in to regulate the country monetary stance.
Too much involvement will provide crack for bad politics to interfere that may lead to loss of investorsโ trust, in our view.
At the other end, yesterday ย (2/9) saw the Indonesian government bonds yield increased along with selling pressures. The 10-year government bonds yield was at 6.906% vs. 6.877 in August 31 (September 1: 6.926%).ย ย ย Meanwhile , the 5-year maturity yield was at 5.552% yesterday vs. 5.539% in August 31.
Meanwhile, yesterday the WTI price closed lower by 2.9% at USD41.5/barrel as compared to the previous one.ย Meanwhile the ย USDIDR ย closedย at IDR14.804ย vs. IDR14.615 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,