๐๐ฎ๐ง๐ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฌ๐๐๐ช ๐๐ฅ๐จ๐ฌ๐๐ ๐๐ญ ๐ซ๐๐๐จ๐ซ๐ ๐ก๐ข๐ ๐ก ๐๐ญ ๐๐,๐๐๐๐ฉ๐ญ ๐ญ๐ก๐๐ญ ๐ฐ๐๐ฌ ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐๐ซ๐ข๐ฏ๐๐ง ๐จ๐ง ๐ญ๐๐๐ก ๐ฌ๐ญ๐จ๐๐ค๐ฌ ๐๐ฌ ๐ ๐๐๐๐๐จ๐จ๐ค ๐ฐ๐ข๐ง๐ฌ ๐จ๐ฏ๐๐ซ ๐ ๐๐ ๐จ๐ง ๐๐ง ๐๐ง๐ญ๐ข๐ญ๐ซ๐ฎ๐ฌ๐ญ ๐ข๐ฌ๐ฌ๐ฎ๐ ๐๐๐ญ๐ญ๐ฅ๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐๐ข๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (6/29) is expected to be in the range of 5,885pt โ 6,000pt ย ย likely to retreat within the sideways also on bargain huntersโ support.ย Meanwhile, yesterday ย (6/28), the DJIA closed lower by ย 151 points or 0.4% to 34,283pt, while the S&P500 and the Nasdaq ย ย ended higher by 0.2% and lower by 0.9%, respectively.
The JCI was trading slightly worse-than-expected and closed at its day-low of 5,940pt yesterday, widely-linked to the increasing COVID-19 new cases and the overall pandemic-related health deteriorating situation in Indonesia. Traders in the Jakarta equity ย may intensifies trading to take benefit of current heightened volatility, while long-term investors have the luxury of ย time to do fundamental analysis.
With the main Jakarta stock issue is a lower-than-global average of economic recovery rate, this may lead traders to prefer the following. Cyclical counters as in the energy sector (1), health-care counters (2) of pharmaceutical, and hospitals for example. For long-term investors, present time provides ample opportunity to gradually add many of depressed-value counters but with sufficient growth prospect. All choices should take into account a scenario of sudden reverse of current dovish monetary stance adopted by the United States central bank.
At the other end, yesterdayย ย the WTI price closed higher by 1% to USD75.4/barrel , mainly on the face of estimated high level of demand recovery, while OPEC+ members are currently returning 2.1mn bpd supply to the market from May to July. OPEC+โs production level from August ย is to be decided in the membersโ meeting on July 1. Meanwhile, the USDIDR ย closed ย at IDR14,472 ย vs. IDR14,447 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,