The JCI November 16, 2020
๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐% ๐จ๐ง ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐จ๐ญ๐๐ญ๐ข๐จ๐ง ๐ข๐ง๐ญ๐จ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐ซ๐๐๐จ๐ฏ๐๐ซ๐ฒ ๐๐จ๐ฎ๐ง๐ญ๐๐ซ๐ฌ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ง๐๐ฐ๐ฌ ๐จ๐ ๐๐๐๐๐-๐๐ ๐ฏ๐๐๐๐ข๐ง๐ ๐จ๐ ๐๐๐ข๐ณ๐๐ซ ๐๐ง๐ ๐๐ข๐จ๐๐๐๐๐ก ๐๐๐ซ๐ฅ๐ข๐๐ซ ๐ฅ๐๐ฌ๐ญ ๐ฐ๐๐๐ค
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐๐ข๐ง ๐๐๐ ๐ ๐๐ฅ๐ฌ๐จ ๐๐ฒ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅย ๐ฏ๐ข๐๐๐ฌ
Morning,
The Jakarta Composite Index (JCI) today (11/16) is expected to be in the range of 5,425pt โ 5,550pt, likely to gain edge also by support of stable USDIDR close. In addition, the JCI move today is expected to have impact from Octoberโs trade data release, as well as euphoria from the signing of the Regional Comprehensive Economic Partnership (RCEP)ย that took place yesterday (11/14).
Meanwhile, Friday last week (11/13) the DJIA closed higher ย by ย 400 points or 1.4% to 29,480pt, while the ย S&P500 and the Nasdaq both ended higher by 1.4%, and 1.0%, respectively.
๐๐ซ๐ข๐๐๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐๐
Stock markets in Japan, Australia, and Korea opened higher by some 1.3% within opening time this morning, the gain of which is also being credited to the signing of the RCEP.ย The RCEP is made up of 10 (ten) South East Asian countries plus Australia, New Zealand, Japan, South Korea, and China.
Trade wise, explanation from official of Asian Trade Centre goes as follows. ย Businesses with global supply chains might face tariffs even within current treatement of Free Trade Agreemen t(FTA) because their products contain components that are made elsewhere.
A product made in Indonesia that contains Australian parts, for example, might face tariffs elsewhere in the Asean free trade zone.
Under RCEP, parts from any member nation would be treated equally, which might give companies in RCEP countries an incentive to look within the trade region for suppliers.
Geopolitical wise, the RCEP, after 8 (eight) years of formulation, is perceived as the increasing influence of China in the region.ย The RCEP is seen to have filled the space since the launched of Trans Pacific Partnership by then-president of the United States Barack Obama to reduce China influence in the area.
At the other end, Friday last week (11/13) the WTI price closed lower by 2.4% at USD40.1/barrel as compared to the previous close, for latest of the US weekly oil inventory data release of an increase by 4.7mn barrels versus a decline of 0.9mn barrels the consensus-estimate. Meanwhile, the USDIDR ย closedย at IDR14.222 ย vs. IDR14.187 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 (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).
Cheers,