Before Lebaran Holidays, These Are Shares That Can Be Played According To Mirae Sekuritas

Illustration. (Photo: Doc. Antara)

JAKARTA - Economic activity at the time of Ramadan and Eid this year looks lively. According to capital market analysts, this will provide benefits for issuers in the retail sector.

Head of Research Mirae Asset Sekuritas Indonesia, Hariyanto Wijaya, said that there are several factors that drive the busyness of Ramadan and Eid this year. According to him, the easing of the COVID-19 pandemic will have an impact on increasing community mobility.

In addition, said Hariyanto, the increase in the number of homecomers this year which will reach 85 million people also supports the hectic moment of fasting and Eid in 2022. This is because compared to last year there were only 1.5 million travelers.

"In addition, with the obligation to pay the holiday allowance (THR) in full after the last two years of relaxation, according to Hariyanto, it has also triggered an increase in people's purchasing power," he said some time ago.

On the other hand, Hariyanto said that the strengthening of commodity prices is still continuing, which is even predicted to be able to mitigate risks from potential monetary tightening in the US in the form of an increase in the US benchmark interest rate by the Fed by 50 basis points (bps) in May 2022.

Meanwhile, in Indonesia, Hariyanto believes that Bank Indonesia (BI) will not raise interest rates in the first half of this year and this will make the capital market more attractive.

Therefore, Mirae Asset Sekuritas, said Hariyanto, includes retail issuer PT Matahari Department Store Tbk. (LPPF) became the new occupant of the stock of choice, aka stock picks.

Here are eight Mirae stocks selected in April 2022, ranging from banking, commodities, to retail; BBNI, BBRI, LPPF, SDMR, ITMG, ADRO, UNTR, and ANTM.