Pasca Rekor, Gerak IHSG Berpotensi Terus Menguat
"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Selasa (27/08/2024) dengan Tema Pasca Rekor, Gerak IHSG Berpotensi Terus Menguat?."
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00:00And, viewers, we will see some interesting information, viewers, related to the highlight market.
00:12You can see on the screen, viewers, some of the main issues that are of concern from the market in the trade yesterday.
00:20There is a price index and joint that experienced significant strength, viewers, which broke the highest record again,
00:26as we have just seen together.
00:33Yes, there is a sign of Dovish Jerome Powell or the head of the Central Bank of the United States,
00:38the Fed is getting stronger, the rupee is closed, strengthened, yesterday 0.35%.
00:42Yes, the S&P 500 broke the record again, broke through 7,600.
00:45And there is Nomura Holding Inc. increasing the level of Indonesia and Malaysia from neutral to overweight.
00:51Those are the main information or market highlights this time.
00:56And we will move on to several economic agendas.
00:59Among them, from Asia, there is the IHK Inti Bank of Japan or the Central Bank of Japan.
01:05Then, there is also the King of Trade of Hong Kong, the Profit Industry of China.
01:13And from the United States, there is the Agenda of Consumer Confidence CB in August.
01:18As well as from Europe, there is the German GDP.
01:22From the domestic market, there is the ROPS of SBMA.
01:25Those are some of the agendas that should be considered.
01:28And we will also see an update from the Asian Stock Exchange.
01:33We can discuss the complete data of the Asian Stock Exchange together.
01:38Where this morning, the compact was in the negative territory of the stock market.
01:45Nikkei fell by 0.11%.
01:47Singapore fell by 0.13%.
01:50Kospi fell by 0.44%.
01:52And Hang Seng Hong Kong fell by 0.76%.
01:55Those are the updates from the Asian Stock Exchange moving in the negative territory.
02:00This is a rare combination.
02:02It was the highest record yesterday and broke through 7,600 shares in the closing.
02:07Do you think the opportunity will continue to strengthen?
02:10Or how? And what are the recommendations?
02:12And which one is still an option?
02:16We have a video conference with Mr. Andika Ciptalaborat, PT Kanagahita Solvera.
02:21Good morning, Mr. Andika.
02:23Hello, good morning, Mrs. Prisa.
02:25Thank you for your time.
02:26Mr. Andika, this morning, we will first discuss the price index of the combination that broke through 7,600.
02:33Since yesterday, many analysts have projected
02:36that there is still a chance for 7,650, 7,700.
02:40This means there is a potential for further strengthening.
02:42From Kanagahita, what do you think, Mr. Andika?
02:47Okay, Mrs. Prisa.
02:48If we look at this IHSG, technically, or the Elliott Wave itself,
02:53it did return to the higher height and printed the all-time high.
02:58So, for now, the IHSG position is currently in the third wave of the fifth wave.
03:05So, in the short term, the IHSG has the potential to strengthen from 7,650 to 7,670, Mrs. Prisa.
03:16Okay, at what level?
03:187,650 to 7,670.
03:227,650 to 7,670, right?
03:26Yes, Mrs. Prisa.
03:27There is still a chance for further strengthening.
03:30Do you see that this business with Indonesia tends to be overweight or how?
03:34Well, for example, in the short term, it is already at the end of the rise if we look at the wave, Mrs. Prisa.
03:41However, in the long term, when the IHSG is at the end of the rise and the potential to form a wave 2
03:48to around 7,250 to 7,300,
03:51it will be our opportunity to re-accumulate BKEPS stocks for the long term, Mrs. Prisa.
04:01So, we can't join now when we are still at the peak of the joint price index,
04:07there is still a little further strengthening.
04:09Those who just want to join, I don't think they are waiting for profit taking.
04:14Well, if you just want to join, even though the IHSG is still upset, even though it is limited in the short term,
04:22it can be traded in the short term, then it can also be for on-strength sales, Mrs. Prisa.
04:30It looks like if you just want to join, there will be a correction when there is a wave 2,
04:35if it is for the long term, like that, Mrs. Prisa.
04:38Okay, then the opportunity for the flower family to flourish from the FED is said to be even stronger.
04:44There was a Pidato from Jerome Powell on Friday in the Jackson Hall Symposium in Wyoming.
04:53What is the euphoria like?
04:55Okay, indeed, the blooming of the flower family has been awaited by the farmers.
05:02And it's normal, when Jerome Powell, the governor of the FED, said he wanted to bloom the flower family,
05:11then the emerging markets reacted.
05:15Because indeed, if the flower family of the FED is blooming,
05:20the money from the developed market will flow to the emerging market like Indonesia, like that, Mrs. Prisa.
05:27Okay, so if we are now planning to do the purchase,
05:34it is recommended not to do it or wait first because the IHSG index is also high.
05:39For the retail, Mr. Andika.
05:43Yes, as I said earlier, Mrs. Prisa, for the short term, there is still an upside
05:48because it is in the 3rd wave of the 5th wave.
05:52But, Mrs. Prisa, I have said that the IHSG has finally increased the 5th wave from the 1st wave,
05:58so it is prone to be corrected to the level of 7250 to 7300 to form the 2nd wave.
06:04Well, later in the range of 7250 to 7300, if the investors want to buy back or buy in minus,
06:12then it can be suggested for the long term.
06:15For now, it can be used for short-term trading like that, Mrs. Prisa.
06:19Okay, Rupiah and IHSG are in a tight spot.
06:22What is the opportunity of the exchange rate of Rupiah itself and the impact on the capital market?
06:27Maybe there is a crucial emission related to Rupiah, or what is it like?
06:33Okay, Rupiah used to be Rp. 16,000 around March, April, May, like that.
06:40And now, yesterday, it was closed at Rp. 15,400.
06:45Well, if we look at the sentiment of Rupiah, we can pay attention to the retail emissions.
06:51Because retail emissions such as ERAJAYA, MAPI, they sell imported products,
06:57so when Rupiah is now at Rp. 15,400, they have a positive sentiment, Mrs. Prisa.
07:06Because the HPP is cheaper, like that.
07:08Then there is also the emission of pharmacies, because a lot of pharmaceuticals are imported,
07:14and also the automotive emissions, because a lot of subsidized products are also imported, Mrs. Prisa.
07:19Like that, Mrs. Prisa.
07:20In my opinion, retail, pharmacy, and automotive can be considered
07:23if we refer to Rupiah which is going down to Rp. 15,400, like that.
07:30Okay, there are retail, pharmacy,
07:33Automotive.
07:34Pharmacy and automotive.
07:35This can be considered in the middle of the Rupiah exchange rate that is strengthening.
07:41But do you see this strengthening has a chance to be stable or not?
07:46Because when there were demonstrations about politics in the country,
07:53it also weakened, like that.
07:55Then it went down to the current positions for the Rupiah exchange rate.
08:00It means that the Rupiah exchange rate tends to be volatile.
08:03How do you see the chance to be stable in the short term?
08:08Okay, if we look at it from the economic condition and also from the Bunga tribe,
08:16if we look at it, this Rupiah can be around Rp. 15,000 to Rp. 15,400 for the future.
08:23Especially if the political stability in Indonesia is maintained,
08:27preceding the appointment of a new president on October 20.
08:30And also the Bunga tribe went down.
08:33Well, later, foreign investors have to invest their money to invest in the Indonesian market.
08:42They have to use Rupiah to buy stocks or other assets.
08:48So it will be good for Rupiah in the future if the Bunga tribe goes down,
08:56the Bunga tribe goes down, and the political stability in Indonesia is maintained.
09:00Okay, Rp. 15,425, now you see there is an opportunity for Rupiah,
09:05it will get stronger to Rp. 15,400, right?
09:09Yes, ma'am.
09:10Okay, that's it for the Rupiah exchange rate.
09:12You mentioned the sector earlier, there are retail, pharmacy, and also automotive.
09:16Of the three sectors, are there any outstanding emitters that are still in question?
09:22If so, what are their names?
09:24Mr. Andika.
09:25Okay, when it comes to the sentiment when Rupiah gets stronger,
09:29I pay attention to retail, such as Mati and ERA Jaya.
09:35Technically, they can also form higher lows.
09:40So you can pay attention to ERA Buy on Weakness.
09:43My target is to be as close as possible to Rp. 480,000.
09:48It was at its peak in March 2024.
09:53And for the short term, it is currently in Wave 2.
09:58We can pay attention to ERA at Rp. 410,000, Rp. 404,000.
10:02If there is a potential for it to go down, it can be bought on Weakness.
10:06However, if it breaks at Rp. 440,000, it looks like the Wave 2 is only up to Rp. 420,000.
10:13So it can directly strengthen to Rp. 480,000 for ERA Jaya.
10:18Okay.
10:21There are Mati and ERA.
10:23Mati is interesting because it has consolidated.
10:28It is able to strengthen above Rp. 1,490,000.
10:32For the medium to long term,
10:35I pay attention to Mati has the potential to reach Rp. 1,750,000 to Rp. 1,770,000.
10:40Okay, there are Mati and ERA Jaya.
10:42What about automotive?
10:44For automotive, I recommend Astra.
10:49Is it still Astra?
10:50Yes, it is.
10:51Okay, Astra has a lot of power, right?
10:54Yes, it is.
10:56Rp. 5,150,000.
10:58There is a slight upset.
11:00Upset?
11:01From Rp. 5,250,000 to Rp. 5,350,000.
11:03Okay, that is the recommendation.
11:04Related to the exchange rate,
11:06Mr. Andika recommends retail, pharmacy, and automotive.
11:09There are Mati, ERA Jaya, and Astra.
11:11With the short-term strategies mentioned earlier.
11:13We recommend you to watch the premiere after EJDA.
11:16Stay with us in the segment of Market Plus Power Breakfast.