The JCI November 10, 2020
๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐จ๐ง ๐ซ๐๐ฅ๐ข๐๐ฏ๐ข๐ง๐ ๐ง๐๐ฐ๐ฌ ๐จ๐ ๐๐๐๐๐-๐๐ ๐ฏ๐๐๐๐ข๐ง๐’๐ฌ ๐ญ๐ซ๐ข๐๐ฅ๐ฌ ๐ซ๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ ๐๐ฆ๐ข๐ ๐ข๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐ข๐ฅ๐ฒ ๐ง๐๐ฐ ๐๐๐ฌ๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐)
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฑ๐ญ๐๐ง๐ ๐ ๐๐ข๐ง ๐ญ๐จ ๐ฃ๐จ๐ข๐ง ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅ ๐ฏ๐ข๐๐๐ฌ, ๐๐ฅ๐ฌ๐จ ๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐ซ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (11/10) is expected to be in the range of 5,310pt โ 5,500pt, to extend gain also by support of sound and stable domestic financial system.
Meanwhile, yesterday ย (11/9) the DJIA closed higher ย by ย 836 points or 3.0% to 29,158pt, while the ย S&P500 and the Nasdaq both ended higher by 1.2%, and lower by 1.5%, respectively. ย The US-based Pfizer, and BioNTech ย hit the news with an announcement of successful completion of the last and crucial phase. The yesterdayโs ย milestone ย of showing 90% efficacy is a triumph for Pfizerโs and BioNTechโs scientific method , and the later stock price closed higher by 23% in Wall Street yesterday.
๐๐ง๐๐จ๐ฎ๐ซ๐๐ ๐ข๐ง๐ ๐ญ๐ซ๐๐ง๐ ๐จ๐ ๐ข๐ง๐๐ฅ๐จ๐ฐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ย ๐ฌ๐ญ๐จ๐๐ค ๐ฆ๐๐ซ๐ค๐๐ญ
Yesterday saw net a ย foreign inflow of IDR191bn, bringing total accumulated journal to IDR46.3tr compared to that of in October 27 of IDR47.4tr (please refer to market note dated 10/27), a positive development.ย While the register of foreign stock brokers may eventually ย lead to indicate domestic funds, a foreign inflow record is useful to generally-gauge the stance of the โbig moneyโ concerning the stock market medium-term prospect, in our view.ย In this respect, the Jakarta equity-indices is in a tendency to move higher toward the end of the year.
At the other end, yesterday ย (11/9) the WTI price closed higher ย by ย 8.5% at USD40.3/barrel on promissing results of last-stage trials of COVID-19 vaccines by Pfizer and BioNTech companies. ย Meanwhile, the USDIDR ย closedย at IDR14.172 ย vs. IDR14.321 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,