IHSG Strategy

𝟐𝟎𝟐3: 𝐚 𝐲𝐞𝐚𝐫 -𝐞𝐧𝐝 𝐫𝐞𝐯𝐢𝐞𝐰 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐉𝐚𝐤𝐚𝐫𝐭𝐚 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐈𝐧𝐝𝐞𝐱 (𝐉𝐂𝐈)   Indonesia Stock Market 2023 The year 2023, the first year of the uplift of all COVID-19-related restriction measures,  was reflected in the country’s capital market activities.   Sectorals’…

Jakarta Composite Index:  Technical Retreat in the First Quarter 2023   Stock Indexes in Most Countries Reflect Favorable Sentiments   In the first quarter of this year (1Q23), the Jakarta Stock Index (JCI) recorded a loss of 0.61% (2022: +4.09%). …

𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐑𝐞𝐯𝐢𝐞𝐰 𝟐𝟎𝟐𝟐   Sectorals’ Performance In 2022 (in Chart 1), factoring in uncertainties in the immediate and medium-term future, Indonesia has posted annual share price indexes gain of 4.09% (JCI), 0.7% (LQ45), 4.6% (JII), and 1.6% (JII70).…

  𝐓𝐡𝐞 𝐉𝐂𝐈 𝐑𝐞𝐯𝐢𝐞𝐰 𝐨𝐟 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟎   The World Urgent Alerts is On   In response to the official announcement made by the WHO as well as the IMF on the urgency of the impact of the Coronavirus to…

Sʜᴏʀᴛᴇʀ ᴛᴇʀᴍ ᴀᴘᴘʀᴏᴀᴄʜ ᴛᴏ ᴛʜᴇ JCI  We at present keep our BUY recommendation on the JCI within 12M horizon. We argue stakeholders effort both domestically and offshore, may  mitigate longer term negative impacts to each local equity markets. Shorter term,…

Year-end 2020 JCI Target 7,055pt   We calculate, based on a 12% average earnings growth across the board, the JCI to post year-end estimate index point to 7,055pt.   We argue upbeat CPO price, reversal trend of coal price, and…

Year-end 2019 JCI Target 7,120pt  Berdasarkan data dan perkembangan terkini, Indeks Harga Saham Gabungan (IHSG) diperkirakan akan mencapai level 7.120pt selama 12 bulan ke depan (12M-TP) atau mencerminkan kenaikan sebesar 14,9% YoY.  Target IHSG tersebut ditentukan berdasarkan perhitungan berikut. Sectors…