๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐จ๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ ๐ฉ๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ-๐๐ฅ๐๐๐ญ ๐๐จ๐ ๐๐ข๐๐๐ง’๐ฌ ๐ฉ๐ซ๐จ๐ฆ๐ข๐ฌ๐ ๐ญ๐จ ๐ฉ๐๐ฌ๐ฌ ๐ ๐ฆ๐๐๐ฌ๐ฎ๐ซ๐ ๐๐จ๐ซ ๐๐ข๐ ๐ ๐๐ซ ๐๐๐๐๐-๐๐ ๐ฌ๐ญ๐ข๐ฆ๐ฎ๐ฅ๐ฎ๐ฌ ๐๐ก๐๐๐ค๐ฌ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/11) is expected to be in the range of 6,185pt โ 6,350pt, to fluctuate and to be supported by bargain hunters. Meanwhile, Friday last week (1/8), the DJIA closed higher by 57 points or 0.2% to 31,041pt, while the S&P500 and the Nasdaq both ย ended higher ย by 0.6% and 1.0%, respectively.
The JCI today is expected to be colored by confrontation of medium-term views of ย impact of1) the positive impact of COVID-19 vaccination programs in the country, 2) the re-implementation of full scale PSBB, 3) higher commoditiesโ price.
๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐ฌ๐๐๐ญ๐จ๐ซ ๐ข๐ง ๐๐๐๐, ๐ฅ๐๐ ๐ ๐๐ซ๐ ๐จ๐ง๐ ๐ข๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ฉ๐ซ๐ข๐๐ ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐๐ฌ
Consumer sector in the Indonesia Stock Exchange annual performance last year pointed to -10.7%, as compared to the general market (-5.1%), Finance (-1.6%), Trade (-0.4%), Mining (+23.7%), Agriculture (-1.7%).ย We relate the under-performance , mainly to 1) the ย slower pace of growth in the 3Q20 as compared to those of Retail Trade sector, and Pulp & Paper sector, for example. Main Retail Trade sector earnings growth in 6M20, for example recorded at -122% YoY but decreasing to -30% YoY during the 9M20. 2) stakeholders highe expectation on the sector growth in the 1Q20.ย Food and Beverages Association had estimated ย at end of 1Q20 that the sector expected to grow by 4% YoY last year, against the actual 2.0% YoY as at end of June last year. Nevertheleas, given the current general optimism on global and domestic recovery the Association has estimated to sector to grow by 5% – 7% this year (2020: 4%, 2019:8%).
At the other end, yesterday ย the WTI price closed higher by ย 1.8% to USD52.2/barrel against the previous close, mainly supported by Saudi Arabiaโs pledge to cut output. Saudi Arabia last week ย pledged extra, voluntary oil output cuts of 1mn bpd in February and March as part of a deal under which most OPEC+ producers will hold production steady during new lockdowns.ย . Meanwhile, the USDIDR ย closedย at IDR14,058 ย vs. IDR13,938 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,