Supported By Three Factors, Mirae Asset Sekuritas Predicts JCI To 6,400 Throughout August
JAKARTA - PT Mirae Asset Sekuritas Indonesia is optimistic that the Composite Stock Price Index (JCI) can strengthen to close to 6,400, or 6,394 to be precise throughout August, supported by three positive factors.
The three factors are the number of new daily cases of COVID-19 infection which has begun to subside to 30,000 cases per day, the incessant vaccination program that opens up potential opportunities for easing PPKM in the future, and the release of improved performance from companies on the stock exchange.
"Entering the month of August, we are optimistic that the JCI will be able to strengthen, with a technical target of 6,394," said Mirae Asset Sekuritas' Senior Investment Information, Martha Christina in her virtual presentation some time ago.
"Other stocks that deserve to be considered selectively are EMTK, SCMA, ERAA, and INDF," he said.
For sectors, Mirae Asset Sekuritas' Investment Information Team recommends the infrastructure, health and financial sectors as investment options for investors. For the infrastructure sector, the stocks of choice are TLKM, EXCL, and ISAT.
In the health and banking sectors, the recommended stocks are HEAL, MIKA, PRDA, and BBCA, BMRI, and BRIS, respectively.
These predictions and recommendations are based on the strengthening of the JCI by 1.4 percent to 6,070 and supported by foreign investors buying Rp17 trillion throughout July which was not restrained by the siege of negative sentiment during that period.
Last month, several factors that worried market participants were the increase in COVID-19 cases, the implementation of PPKM in a number of regions, and the weakening of the rupiah.
Currently, about 30 percent of issuers listed on the IDX have announced their financial performance for the first semester of 2021. Annually, the majority of companies recorded better results than the previous year, considering that in the second quarter of 2020, the performance of the majority of companies listed on the exchange experienced a decline due to the impact of the pandemic. COVID-19.