๐๐๐๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐๐ซ๐ ๐๐ญ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐ข๐ง๐๐ข๐๐๐ฌ ๐ก๐ข๐ญ ๐ซ๐๐๐จ๐ซ๐ ๐ก๐ข๐ ๐ก ๐๐๐ญ๐๐ซ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ ๐ฉ๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ ๐๐ซ๐ฎ๐ฆ๐ฉ๐ญ ๐ฌ๐ข๐ ๐ง๐๐ ๐ญ๐ก๐ ๐๐๐๐๐-๐๐ ๐ซ๐๐ฅ๐ข๐๐ ๐๐ข๐ฅ๐ฅ ๐ข๐ง๐ญ๐จ ๐ฅ๐๐ฐ ๐ฒ๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐๐ข๐ง ๐๐๐ ๐ ๐๐ฆ๐ข๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐, ๐๐ฅ๐ฌ๐จ ๐๐๐ข๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (12/29) is expected to be in the range of 6,050pt โ 6,250pt, expected to resume gain to share regional positive vibes, also as bargain hunters should be more spirited from higher commoditiesโ price. ย Meanwhile, yesterdayย (12/28), the DJIA closed higher by 204 points or 0.7% to 30,404pt, while the S&P500 and the Nasdaq both ended higher by 0.9% and 0.7%
๐๐จ๐ฆ๐ฆ๐จ๐๐ข๐ญ๐ข๐๐ฌ’ ๐ฉ๐ซ๐ข๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐๐๐ญ๐ ๐ฌ๐ก๐จ๐ซ๐ญ-๐ญ๐๐ซ๐ฆ ๐๐ฎ๐ฉ๐ก๐จ๐ซ๐ข๐, ๐จ๐ฎ๐ญ-๐ฐ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ฆ๐๐๐ข๐ฎ๐ฆ-๐ญ๐๐ซ๐ฆ ๐๐จ๐ง๐๐๐ซ๐ง ๐จ๐ ๐๐๐๐๐-๐๐ ๐๐ฌ๐๐๐ฅ๐๐ญ๐ข๐ง๐ ๐๐ง๐ ๐ง๐๐ฐ ๐ฏ๐๐ซ๐ข๐๐ง๐ญ ๐๐๐ฌ๐๐ฌ, ๐๐จ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ๐๐ง๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฌ๐๐จ๐ฉ๐
Mining sectors in the Indonesian Stock Exchange (IDX) with the underlying of coal, nickel, and gold, is expected to propped-up the performance of the JCI in the shorter-term. The most recent higher trend of the price ย is expected to attract more shorter-term investors to place bet against the sustainability of the pattern. ย ย In addition, especially the case for coal, whose ย higher price is widely believed due to restriced supply over demand, valuations remain tempting. For example, PTBA is now trading at 14.2x ย this yearโs annualized estimate which is at a favorable spot against the IDX universe of a trailing weighted-average earnings multiple of 37.0x.ย The same argument goes for ADRO, and ITMG, and UNTR, each at 22.1x,ย 19.9x, and 14.0x,ย respectively.
For longer-term investors, our suggested holding as described below remains intact, as current moderate valuations is expected to be in place before growth factor takes over. The argument is also most suitable for current laggard sector ย of consumers.
For longer-term investor of domestic holding may bear in mind of the naturally-diversifed trait ofIndonesia economy. Holding on counters of middle-income based products & services, of common basic-consumptions, of ย coal-based commodities , of cpo-based agriculture counters, and other major blue-chip stocks , other thing being normal , may prove to be a less worrying ย stock investments activity.
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).
At the other end, yesterday ย the WTI price closed lower by ย 1.3% to USD47.6/barrel against the previous close on worries that new variant of COVID-19 virus might repress short-term demand. Meanwhile, the USDIDR ย closedย at IDR14.184 ย vs. IDR14.282 the previous one.
Cheers,