Daily Report | Foreign Exchange Reserves Increase
The release of foreign exchange reserves at USD130.5 billion in May or up from USD127.9 billion in April, will still be the main catalyst for JCI’s movement.
Weekly Report | Opportunities from New Normal era for Telecommunication Industry
Demand for Internet data will continue to rise as the people become more reliant on internet use to follow social and physical distancing protocol. NHKSI continues to recommend TLKM with a target price of IDR 3,800 with P/E of 19,3x until the end of 2020.
Daily Report | OPEC+ Extend Production Cut
The JCI this week will be guided by OPEC+ decision to extend record production cut and the release of several economy data such as Forex Reserves and Consumer Confidence Index.
Daily Report | Profit Taking Looms as Transition Period Begins
The Dow Jones had small gains while S&P 500 closed lower as the numbers of employee seeking government benefits came out above expectation. Meanwhile, IHSG movement will be shadowed by further profit taking as investors observe the beginning of transition period in Jakarta today.
Daily Report | Foreign Flow Continues, JCI on the Brink of 5,000
The continuation of foreign flow brings hope for JCI to reach the psychological level of 5,000.
Daily Report | Optimism Climbs amid Economic Data
Dow Jones up significantly as investors put more emphasis on economy reopening rather than civil unrests and protests that continue in several states.
Weekly Report | Additional Stimulus for Banking Sector
One aspect of OJK stimulus is to cut minimum LCR and NSFR for banks in BUKU III and IV category. This will give liquidity support to Bank Rakyat Indonesia (BBRI) as one of BUKU IV category banks. Therefore, NHKSI recommends BBRI as this week’s stock pick with end of year Target Price of IDR 3.100 which represents a PBV of 1,6x.
Daily Report | Waiting on Inflation Data Release
Market will weigh in the release of May 2020 inflation data which is expected to be lower than usual Lebaran period due to Large Scale Social Distancing and travelling ban.
Daily Report | Low Inflation Predicted in May 2020
The DJI went down after some early gains at the start of trading. President Trump’s plan to hold news conference on China and new Policies that threaten social media outlets such as Facebook and Twitter, have created some concerns.
