Weekly Report | Waiting for Drops in Loan Interest Rates

CTRA in Q1 2020 succeeded in booking marketing sales growth of 2.3% by implementing online launch strategy during the pandemic. Thus, we recommend CTRA as this week’s preferred stock with the target price of IDR810 using discount to RNAV of 87%.

Daily Report | Threat of Restrictions is Back

The Dow Jones closed sharply at the market closing last week. The increase of COVID-19 positive cases have caused states such as Texas and Florida to re-impose the restrictions.

Daily Report | IMF Global Economy Projection Sentiments

The Dow Jones index posted gains at the close (06/25/2020) after opening lower in early trade. This strengthening was led mainly by the trading sector. The rebound in oil price and the release of unemployment numbers that matched expectations have eased fears of the second wave of Corona for the time being.

Daily Report | Wall Street Back on the Red

Major US Indices closed lower on (24/06/2020) after gaining on the previous day. Rising numbers of new Covid-19 cases in several states are deemed to be the main factor of this correction. From domestic market, the JCI today will attempt to test major resistance level at 5,000 supported by sentiments from fund placements in anchor banks. However, profit taking is also likely after significant gain yesterday.

Daily Report | Standing by for US Economy Data Release

The three main US indices all closed stronger with Nasdaq once again recording the new highest level. Statements from the US officials that phase 1 trade deal is still ongoing gives new positive sentiments. Meanwhile the quiet domestic sentiment means IDX will be more influenced by the US economic data release, such as: Weekly Unemployment Numbers, PMI data, and GDP Q1-2020.