The JCI November 10, 2020

๐๐จ๐ฏ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ๐ŸŽ, ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ

 

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ซ๐š๐ง๐ ๐ž: ๐Ÿ“,๐Ÿ‘๐Ÿ๐ŸŽ๐ฉ๐ญ – ๐Ÿ“,๐Ÿ“๐ŸŽ๐ŸŽ๐ฉ๐ญ (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ“,๐Ÿ‘๐Ÿ“๐Ÿ”๐ฉ๐ญ)

* ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐ž๐ง๐๐ž๐ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐จ๐ง ๐ซ๐ž๐ฅ๐ข๐ž๐ฏ๐ข๐ง๐  ๐ง๐ž๐ฐ๐ฌ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐ฏ๐š๐œ๐œ๐ข๐ง๐ž’๐ฌ ๐ญ๐ซ๐ข๐š๐ฅ๐ฌ ๐ซ๐ž๐ฌ๐ฎ๐ฅ๐ญ๐ฌ ๐š๐ฆ๐ข๐ ๐ข๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐๐š๐ข๐ฅ๐ฒ ๐ง๐ž๐ฐ ๐œ๐š๐ฌ๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’)

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ญ๐ž๐ง๐ ๐ ๐š๐ข๐ง ๐ญ๐จ ๐ฃ๐จ๐ข๐ง ๐ซ๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ฏ๐ข๐›๐ž๐ฌ, ๐š๐ฅ๐ฌ๐จ ๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ž๐ซ ๐”๐’๐ƒ๐ˆ๐ƒ๐‘ ๐š๐ง๐ ๐จ๐ข๐ฅ ๐œ๐ฅ๐จ๐ฌ๐ž

 

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 yesterdayโ€™s ย milestone ย of showing 90% efficacy is a triumph for Pfizerโ€™s and BioNTechโ€™s scientific method , and the later stock price closed higher by 23% in Wall Street yesterday.

 

๐„๐ง๐œ๐จ๐ฎ๐ซ๐š๐ ๐ข๐ง๐  ๐ญ๐ซ๐ž๐ง๐ ๐จ๐Ÿ ๐ข๐ง๐Ÿ๐ฅ๐จ๐ฐ ๐ญ๐จ ๐ญ๐ก๐ž ๐๐จ๐ฆ๐ž๐ฌ๐ญ๐ข๐œ ย ๐ฌ๐ญ๐จ๐œ๐ค ๐ฆ๐š๐ซ๐ค๐ž๐ญ

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 โ€œbig 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. ๐€๐€๐‹๐ˆ, ๐‹๐’๐ˆ๐ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜ˆ๐˜จ๐˜ณ๐˜ช, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜œ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต ), ๐”๐๐“๐‘, ๐ˆ๐“๐Œ๐†, ๐€๐ƒ๐‘๐Ž, ๐๐“๐๐€ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜Š๐˜ฐ๐˜ข๐˜ญ ๐˜”๐˜ช๐˜ฏ๐˜ช๐˜ฏ๐˜จ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜”๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต-๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต), ๐†๐†๐‘๐Œ, ๐”๐๐•๐‘, ๐ˆ๐‚๐๐ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜Š๐˜ฐ๐˜ฏ๐˜ด๐˜ถ๐˜ฎ๐˜ฆ๐˜ณ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜–๐˜ท๐˜ฆ๐˜ณ๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต ), ๐€๐’๐ˆ๐ˆ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜ˆ๐˜ถ๐˜ต๐˜ฐ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ท๐˜ฆ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜”๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต-๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต), ๐š๐ง๐ ๐€๐‚๐„๐’, ๐’๐‚๐Œ๐€, ๐Œ๐€๐๐ˆ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜›๐˜ณ๐˜ข๐˜ฅ๐˜ฆ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜–๐˜ท๐˜ฆ๐˜ณ๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต),๐š๐ง๐ ๐“๐Š๐ˆ๐Œ (๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐จ๐Ÿ ๐˜‰๐˜ข๐˜ด๐˜ช๐˜ค ๐˜๐˜ฏ๐˜ฅ๐˜ถ๐˜ด๐˜ต๐˜ณ๐˜บ, ๐š๐ฅ๐ฅ๐จ๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐˜”๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต-๐˜ธ๐˜ฆ๐˜ช๐˜จ๐˜ฉ๐˜ต).

 

 

Cheers,

 

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