๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐๐ฌ ๐จ๐ฉ๐ญ๐ข๐ฆ๐ข๐ฌ๐ฆ ๐ฉ๐ฎ๐ฌ๐ก๐๐ย ๐ญ๐ก๐ ๐ฒ๐ข๐๐ฅ๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ง๐๐ก๐ฆ๐๐ซ๐ค ๐๐-๐ฒ๐๐๐ซ ๐๐ ๐๐ซ๐๐๐ฌ๐ฎ๐ซ๐ฒ ๐๐ซ๐ข๐๐๐ฅ๐ฒ ๐ญ๐ซ๐๐๐๐ ๐๐ญ ๐.๐๐%, ๐ข๐ญ๐ฌ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐ฅ๐๐ฏ๐๐ฅ ๐ฌ๐ข๐ง๐๐ ๐๐๐ซ๐๐ก
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/13) is expected to be in the range of 6,325pt โ 6,475pt, to fluctuate and to be supported by bargain hunters. Meanwhile, yesterday (1/12), the DJIA closed higher by 60 points or 0.3% to 31,069pt, while the S&P500 and the Nasdaq ended higher ย by 0.04% and 0.3%, respectively. ย Optimism for the year 2021 is the consensus view of most stakeholders at the moment, ย with the United States (US) economy should experience strong tailwinds from additional fiscal and monetary stimulus coupled with an end to the pandemicโs impact on the economy. In addition, pent-up demand in industries impacted by COVID-19 is expected to boost demand, as well as the the need to rebuild inventory.
๐๐ฎ๐ฆ๐ฉ ๐จ๐ ๐ง๐๐ฐ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ ๐ฅ๐๐ฌ๐ญ ๐ฒ๐๐๐ซ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐
A blessing in disguise of COVID-19 outbreak last year have included the jump of total equity investors in the Indonesian Stock Exchange (IDX).ย New equity investors jumped by some 93% YoY , of 488k SIDs( Single Investor Identification), ย to make up total existing ones into 1,593k equity investors, which representing some 44% of total SID in the IDX (data December 10. 2020).
The upswing following the year low on March 24 last year has created euphoria in the cirmcumstance of relatively โyoungโ stock investments communities, in our observe.
As such an uproar has been inevitably taken place when most-celebrated public figure by name of Raffi Ahmad ย stated the joyful experience from equity investments, with Disclaimer, in his social media platform. The scene has brought attention to the ย IDX , and it responded accordingly. Indeed, stock investments is not among business-as-usual activities to average Indonesian of total some 270mn people, and adequate attention from the authority is an appropriate move, we note.
On a surface reading, M Cash Integrasi (MCAS), ย currently trading at its annualized FY20 PER of 149.7x at yesterday close of IDR4,110, seems to have a challenge to maintain such valuation. However, growth from existing platforms , unorganic ones, and from breakthrough ย innovations that can be secured for this year, should provide support for such multiples. We expect to upload brief about M Cash Integrasi (MCAS) tomorrow (14/1).
At the other end, yesterday ย the WTI price closed almost unchanged at USD53.2/barrel as compared ย to USD52.2/barrel the previous closeย . Meanwhile, the USDIDR ย closedย at IDR14,231 vs. IDR14,155 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,