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JCI 2016 Predicted Could Not Reach The Target

Jakarta (Benchmark News) – JCI 2016 Predicted Could Not Reach The Target – Capital market analysts project the target joint stock price index (IHSG) are pegged at the beginning of the year on the level of 5,700 will miss the mark until the end of the year. Many factors make the target does not match expectations.

Hans Kwee, Director of Independent Advice Investa said, factors that hinder the pace of JCI so does not meet the initial consensus was the economic slowdown and the Government’s budget cuts.

“It’s a lot of that pessimistic about the low index does not match the target early years. With the economy slowing down, JCI travel will only be in the level at the end of 5,500 2016.0 “said she in Jakarta recently.

Bank Indonesia projected economic growth for the whole 2016 are estimated to still be in the range of 4.9-5.3% (yoy). Meanwhile, budget cuts would be realized amounted to Rp133,8 trillion for the budget of the State Expenditures and Revenues (NATIONAL BUDGET) 2016 consisting of reductions in spending ministries/agencies Rp65 trillion and funds transfer to the Rp68,8 trillion.

In addition to the slowdown of economic growth due to the budget, trimming the index is also influenced by external factors. He says, a sentiment that will affect the JCI still around the positive impact of The Fed which maintains interest rates at the level of 0.5%.

So also with the positive market response against a decline in interest rates Reverse Repo Rate & BI by 25 bps from 5.25% to 5.00%. At the same time, the interest rate of the Deposit Facility are down by 25 bps be 4.25% and Lending Facility down by 25 bps be 5.75% effective since 23 September 2016.

Later, a tax amnesty supporter, JCI will be until the end of year despite pessimistic market value later ransom will because reach target Rp165 trillion.

On top of that, he advises investors to stick to accumulate some stocks of private and STATE-OWNED COMPANIES with prospects of stocks had strong fundamentals.

He was recomended shares which can be collected until the end of the year. The shares in the construction sector are: PT Waskita Karya Tbk (WSKT), PT Waskita Karya concrete (WTON), and PT Adhi Karya (ADHI.).

In the banking sector, shares of PT Bank Mandiri (BMRI), PT Bank Central Asia (BBCA), PT Bank Negara Indonesia (BBNI), and PT Bank Rakyat Indonesia (BBRI). Lastly, stocks in the property sector such as PT Bumi Serpong Damai (BSDE), PT Alam Sutera Realty (ASRI) and PT Lippo Karawaci (LPKR)….(Red)

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