JAKARTA - In the month of Ramadan it can be a positive catalyst for several stocks, especially in the retail consumer sector, consumption, transportation, banking, e-commerce technology, tourism and hotel sectors, as well as telecommunications.
Associate Director of Research and Investment Pilarmas Investindo Sekuritas, Maximilianus Nico Demus said that sectors that have the potential to increase include the consumer retail sector, the consumption sector, the transportation sector, the banking sector, the e-commerce technology sector, the tourism sector and hotels, as well as the telecommunications sector related to data requests.
Even though there is a potential for an increase in some of these sectors, Nico said that he must pay attention to the current purchasing power of the people tends to decline and hopes that with the momentum of Eid, consumption can increase.
"If we pay attention, inflation continues to decline, but core inflation is maintained and has even increased," he explained to VOI, Friday, March 7.
Nico said that in the midst of the current situation and conditions, the challenges are getting bigger because the sentiment both from within the country and abroad makes people tend to hold back their consumption.
Therefore, Nico said, this year may be different from previous years, because this situation is likely to affect the impact of the Lebaran momentum to decrease.
In addition, Nico said there were several factors that influenced this situation, including global and domestic economic conditions, decreased purchasing power and consumption, and high interest rates that helped reduce purchasing power and consumption.
Meanwhile, Nico recommends buying shares of PT Indofood Sukses Makmur Tbk (INDF) with a target price of Rp. 9,000, PT Indofood CBP Sukses Makmur Tbk (ICBP) of Rp. 14,450.
Furthermore, recommending buying shares of PT Mayora Indah Tbk (MYOR) with a target price of IDR 3,050, PT Sumber Alfaria Trijaya Tbk (AMRT) IDR 3,300, PT Aspirasi Hidup Indonesia Tbk (ACES) IDR 1,095, and PT Mitra Adiperkasa Tbk (MAPI) IDR 1,870.
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Then, recommend buying shares of PT Erajaya Swasembada Tbk (ERAA) with a target price of IDR 500, PT Astra Otoparts Tbk (AUTO) IDR 2,850, and PT XL Axiata Tbk (EXCL) IDR 2,870.
Furthermore, recommending buying shares of PT Bank Central Asia Tbk (BBCA) with a target price of IDR 11,600, PT Bank Rakyat Indonesia Tbk (BBRI) IDR 4,950, PT Bank Negara Indonesia Tbk (BBNI) IDR 5,700, and PT Bank Mandiri Tbk (BMRI) IDR 6,950.
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