The Consumer Sector Will Increase In The Month Of Ramadan

Illustration (Photo: Doc. ANTARA)

JAKARTA - Equity Analyst of PT Indo Premier Sekuritas (IPOT) Dimas Krisna Ramadhani explained, theoretically issuers who benefit from the moment of Ramadan and Eid are directly related to public consumption.

According to him, this is because during the Ramadan and Lebaran moments, people allocate their money for consumption such as hunting takjil, Eid hampers and Eid clothes, as well as Eid homecoming.

"Most likely it will increase, but it is only seasonal in nature," he explained to VOI, Friday, March 7.

Dimas conveyed that the sentiment that currently affects the overall stock movement is the JCI movement itself, which currently tends to be depressed.

In addition, Dimas conveyed sentiment that affected the issuer's business, namely the government's policy of imposing holidays for school children both at the beginning of fasting and the end of the fasting month has the potential to provide additional income for consumer issuers.

Dimas recommends buying shares of PT Mitra Adiperkasa Tbk (MAPI) with a target price of IDR 1,465 and stopping loss if it breaks down support at IDR 1,380.