Prediction Of Political Conditions To Be Normal, Mirae Asset Sekuritas Optimistic That The Number Of Customers Will Increase By 10 Percent

Mirae Asset Sekuritas CEO Tae Yong Shim. (Photo: Doc. Mirae)

JAKARTA - PT Mirae Asset Sekuritas Indonesia is optimistic that public interest in investment instruments in the capital market will improve in the second semester of this year and predicts the number of customers can grow by about 10 percent from around 330,000 by the end of last year.

Mirae Asset Sekuritas CEO Tae Yong Shim said the positive predictions were in line with predictions of easing global and national interest rate policies.

In addition, this optimism is also supported by political conditions which are predicted to run safely and peacefully so that later it will produce a duet for the leadership of a new country whose leadership transition will also be peaceful.

"We are optimistic in line with the positive predictions of our analysts and most of the market players, especially in the second semester of 2024," he said in his statement, Tuesday, January 24, 2024.

According to Shim, this optimism is supported by innovations that will be carried out by the company this year, such as the planned launch of a new stock transaction platform.

The platform is said to be the first online stock trading supported by artificial intelligence (AI) technology.

In addition, Shim said, the company will also improve services for customers so that they can prioritize the management of customer wealth management.

He explained that this year's investment climate is believed to be better than last year because in 2023 the world's macroeconomic conditions are not conducive, especially because of the high interest rate regime, geopolitical heat, and world political polarization.

According to Shim, due to the global turmoil, the domestic benchmark interest rate was then raised to 6 percent to deal with potential inflationary turmoil and the US dollar exchange rate.

"Due to this condition, last year's domestic capital market was also marked by the flow of foreign investor funds (capital outflow) worth Rp 6 trillion," he explained.

The stock exchange data shows that the average daily transaction value of last year's daily transaction value (RNTH) fell to around Rp11 trillion per day from the previous Rp15 trillion per day in 2022.

Although last year's conditions were less conducive, Shim said, Mirae Asset managed to close in 2023 by maintaining its position as one of the largest securities companies, especially in terms of volume and frequency of stock transactions.

Mirae Asset's market share share share share in terms of frequency and volume each reached 12 percent and 9 percent, despite a decline in terms of transaction value due to lack of enthusiasm for investment activities and retail investor transactions in the stock market.

Last year, the Indonesia Stock Exchange noted that the share of retail investor transaction value fell to 38.1 percent from the previous year's 44.7 percent, along with the decline in retail share ownership to 16.8 percent in 2023 from 19.2 percent in 2022.

In addition, Mirae Asset also maintains its position as one of the securities companies with strong capital in Indonesia, namely the value of Adjusted Clean Work Capital (MKBD) in the range of IDR 1.4 trillion.