Indonesia Has Good Investment Opportunities Amid Pressure On The Global Economic Situation

Illustration. (Photo: Doc. Antara)

JAKARTA - The co-founder of the discussion platform Tumbuh Meaning Benny Sufami said Indonesia has good investment opportunities amidst the pressures of the global economic situation.

This is in line with Indonesia's economic growth in the second quarter of 2023 which reached 5.17 percent when other countries faced obstacles. In addition, inflation was also successfully reduced to the level of 3.08 percent (year-on-year/yoy).

"That's good enough for our domestic economy. So, there are very interesting investment opportunities. We see an opportunity in the stock market and bond market," said Benny in his statement in Jakarta, quoted from Antara, Tuesday, August 15.

He is optimistic that the bond market will show an increasing trend that investors can take advantage of. This projection refers to the performance of 10-year series of Government Securities (SUN) which currently have a yield position of 6.3 percent.

Growing Meaning estimates that Bank Indonesia (BI) will reduce interest rates in early 2023. That way, the 10-year series of SUN is predicted to reach the position of 6.1 percent.

"In the future, with economic growth quite well above 5 percent, even though it fell to 4.8 percent, we still see investment opportunities, especially in equity and bonds," explained Benny.

However, Benny said that a more positive movement will only occur starting in the second semester. Meanwhile, the Indonesian capital market is still showing a stagnant movement as reflected in the trend of the Composite Stock Price Index (JCI).

As for the second semester, Growing Meaning sees the opportunity for the JCI to rise very openly.

A number of factors that influence these opportunities are the limited decline in commodity prices, domestic activities that are expected to increase, moderately controlled inflation, and rising interest rates which are expected to have reached their peak.

In addition, the political year generally has a positive impact on the JCI. The meaning of seeing the trend of increasing the JCI six months before the holding of elections in the previous political year.

"In 2014, six months before the JCI election rose 19.6 percent. In 2019 it also rose 11.7 percent. Indeed, there is no guarantee that this will repeat itself, but the pattern is like that. For that, we are optimistic that in the second semester the JCI could increase," said Benny.