"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Senin (18/11/2024) dengan Tema Khawatir Melambatnya Pemangkasan Suku Bunga, Bursa Global Turun."
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00:00ECONOMIC AGENDA
00:05Next, we will look at some economic agendas from Asia...
00:08...and data on Singapore's international trade in October...
00:11...and the delivery of the main Japanese machine in September.
00:16Then, there is data on the unemployment rate in Hong Kong in October...
00:19...and also data on Taiwan's GDP year-on-year in the third trimester.
00:23From Europe, there is data on European trade in September.
00:27Next, we will look at an interesting METAN agenda for us to discuss.
00:32As you can see on the screen, the PACK will host the RUPS...
00:39...and ASA SCMA MPXL will host the DPS, the Interim Cash Dividend...
00:45...AXIO X, the Interim Cash Dividend...
00:48...and FWCT, the Interim Cash Dividend.
00:54Next, we will look at the opening of the Asian exchange...
00:57...for the main Asian exchanges this morning.
01:00The Meksa was opened mixed with Nikkei at 0.47%.
01:04At level 38,462, STI Singapore was opened at 0.12% at level 3,749.
01:11Kospi Korea was opened at 2.54% at level 2,478.
01:17While Hang Seng Hong Kong was opened at 0.87% at level 19,595.
01:28And to discuss this morning, the conversation has been connected...
01:31...through video conference with Mr. Reza Priyambada...
01:34...Director of PT Reliance Securities Indonesia, RTBK.
01:36Good morning, Mr. Reza.
01:38Hello, good morning, Mr. Wicky. Good morning, Mr. General.
01:41Good morning, thank you for joining us. I hope you are always healthy, Mr. Reza.
01:45Amen, I'm also healthy, Mr. Wicky.
01:47Mr. Reza, we are talking about one thing that has become a concern...
01:51...of global investors.
01:53Powell, the chairman of The Fed, was careful to implement a policy strategy...
01:59...related to the elimination of the Bung Acuan tribe.
02:02Then it was translated by the market actor.
02:05It seems that in December, there was no Bung Acuan tribe cut in The Fed.
02:11How come this was then interpreted by the market actor...
02:14...and implicated in the closing data from the ISG last week, Mr. Reza?
02:19Yes, thank you, Mr. Wicky.
02:21Yes, thank you, Mr. Wicky.
02:23So, if we look at every comment from The Fed...
02:28...whether it's from Powell or from The Fed in each part of the country...
02:33...it will be the attention of the market actor.
02:36Again, with Trump's election yesterday...
02:40...many are optimistic that the US economy...
02:45...will be able to re-emerge.
02:48It will be able to re-emerge.
02:51Then, on the other hand...
02:53...if we look at comments from The Fed last week...
02:59...The Fed emphasized that it gave money to eliminate the Bung Acuan tribe.
03:05Then, looking at the number of economic releases...
03:08...which it considers a start of improvement...
03:12...it seems that The Fed is slowing down.
03:16The Fed is slowing down to eliminate the Bung Acuan tribe.
03:20This can be said to be contrary to the previous statement...
03:25...because there have been several eliminations until the end of this year.
03:29But with the existence of those comments...
03:31...this finally makes the market actors rethink...
03:34...that later The Fed may not eliminate the Bung Acuan tribe...
03:39...as extreme as previously stated.
03:43So, this finally makes the market actors rethink...
03:48...and it can be said to be contrary to the previous statement.
03:53Then, what about foreign net sales...
03:55...which reached 6 trillion rupiah in the regular market in a week?
03:59Does this also indicate that...
04:03...the opportunity for investment in the capital market...
04:06...is starting to decline, Mr. Reza?
04:09Yes, actually, if it's stated as so-so, it's not.
04:12But actually, the market actors are trying to find alternative...
04:16...which investment instrumentation...
04:18...can still provide profit for them.
04:22If we look at the potential of inflation in the United States...
04:27...and then we also look at the yield...
04:31...the obligations there are also increasing...
04:34...so that the movement of the value of various dollars...
04:38...may be considered more interesting...
04:41...compared to other investment instruments.
04:44So, is there a transition?
04:47So, there is a movement to other portfolios...
04:50...such as the money market...
04:52...which is not considered temporary...
04:54...that the capital market or the stock market...
04:57...is considered to be quite favorable lately...
04:59...because there are other sentiments...
05:01...so there is a shift for the time being.
05:03Yes, there are many reasons.
05:05So, when IHSG entered the 7,100 level yesterday...
05:09...what is IHSG's position today, Reza?
05:13Yes, if we look at the movement of IHSG today...
05:17...what we expect is that the movement of IHSG...
05:21...can tend to be limited in its growth.
05:25Especially if we look at it from a strategic point of view...
05:30...if we look at it from the chart of IHSG...
05:35...IHSG has been experiencing a decline...
05:38...since it reached the level of 7,500...
05:42...then it was held at 7,500...
05:46...then it experienced a rise again to 7,800...
05:50...but in the end it continued to decline...
05:52...until the last drop was at the level of 7,160.
06:00This is what we see in the next IHSG support line...
06:05...which should be held at the level between 7,025 and 7,800.
06:12Okay, that's interesting, Reza.
06:14Earlier, we were able to get information from News Flash...
06:17...that the demand for Antam gold is increasing...
06:21...but then the stock is not there.
06:24And if we look at Antam, it's also down 5%.
06:28How do you see this movement...
06:30...and how the movement or fluctuation of global gold...
06:34...also affects the movement of Antam gold...
06:38...which was down 5% yesterday?
06:42Yes.
06:44This may be related to the movement of the value of the US dollar.
06:48When the movement of the value of the US dollar experienced a rise...
06:52...as Mr. Ricky said earlier...
06:55...there is a shift to the financial market...
06:57...so that the community market and the stock market...
07:00...are likely to experience pressure.
07:03This can cause the movement of the value of the US dollar or gold...
07:08...to experience a decline.
07:11Of course, the market players will be concerned...
07:14...when the value of the community drops...
07:17...what is the most influential?
07:20So far, the movement of the value of the US dollar...
07:23...is identical to the movement of the value of the Antam stock...
07:26...although there are other stocks...
07:30...such as PSAB, HRTA, and so on.
07:34But because Antam has a very large market cap...
07:39...so the market players immediately respond negatively...
07:42...to the price increase of Antam.
07:45When Antam is down 5%, is this really the right moment...
07:50...to enter Antam at a cheap price?
07:53Reza, or are you waiting for a moment...
07:55...related to the price fluctuation of the world gold?
07:58Yes, if you look at the movement of Antam gold...
08:02...which fell quite deep on Friday yesterday...
08:05...it even reached our support level at 14.50.
08:14Yesterday it was at 1400, right?
08:16So it's below our support level.
08:19Actually, it offers an interesting entry level.
08:23But in terms of sentiment, it doesn't really support...
08:26...the return of Antam.
08:29So it's better to wait for a positive news from gold.
08:35For example, if there is news related to an increase...
08:40...in demand for gold...
08:43...maybe it can be used as a momentum...
08:46...to reverse the trend of gold commodities...
08:49...so that there can be a buy action in Antam.
08:56So it means that gold is still being decommodated by WET-NC first...
09:00...even though it's the festive season.
09:02At the end of the year, Reza, Antam is not the right place to enter.
09:05Yes, because we do see the momentum...
09:09...from the existing news is not enough to support.
09:13So if there is positive news from the price of gold contracts...
09:18...it can support the movement of gold from Antam.
09:23Okay. What's interesting is what we will discuss in the next segment...
09:26...related to the change of the direction line in Garuda Indonesia...
09:29...how this can become a sentiment...
09:32...that may be quite a concern for market players...
09:35...and what is your recommendation for GIA in today's event?
09:38We will discuss the next topic, Reza and Mursa.
09:41Stay with us, we'll be right back.
09:43Thank you for staying with us, Mursa and I am still talking...
09:46...with Reza Priyambada, Director PT Reliance Securitasi Indonesia TBK.
09:49One thing that is not less interesting...
09:52...towards the end of last week, Reza...
09:55...related to the replacement of the main director in GIA...
09:58...who was replaced by the former PLT director Lion Air.
10:04How does this become a hot topic...
10:07...and how implicative is the change...
10:10...in the direction line of Garuda Indonesia...
10:13...regarding the investment strategy...
10:16...and what is your recommendation for GIA market players?
10:22If we look at it...
10:25...the change in the direction line...
10:28...of BUMN is a good thing...
10:31...but for us, market players...
10:34...we see that GIA...
10:37...provides positive value...
10:40...for the future of the operation.
10:45We hope that with the replacement...
10:48...it will give a new spirit...
10:51...a new color for Garuda...
10:54...to improve its synergy.
10:57For example, in the future...
11:00...with the replacement of the direction line...
11:03...it will give room for Garuda...
11:06...to add a fleet...
11:10...or add destinations...
11:13...that can provide additional value...
11:16...for Garuda.
11:19Or maybe there are other services...
11:22...that can be developed from Garuda...
11:25...such as logistics...
11:28...or services to consumers.
11:31That requires...
11:34...a sharp calculation...
11:37...of the new direction line.
11:40And we hope that it will give a positive...
11:43...implication for Garuda Indonesia.
11:46That's the hope.
11:49If we look at the context of GIA...
11:52...last week...
11:55...Mas Reza lost 1.72%.
11:58What can we expect from this?
12:01Will the market players...
12:05...still hope for Garuda...
12:08...to replace Garuda?
12:11What do you think?
12:14The market players...
12:17...are still waiting...
12:20...for Garuda to be replaced.
12:23What do you think...
12:26...the new direction line...
12:29...will bring to Garuda?
12:32The new direction line...
12:35...will be replaced...
12:38...by the neighbors.
12:41The market players...
12:44...are still waiting...
12:47...for Garuda to be replaced...
12:50...by Lion...
12:53...or maybe it will bring...
12:56...its own value to Garuda.
12:59The market players...
13:02...are still waiting...
13:06...for Garuda to be replaced.
13:09We also have a target...
13:12...to increase the price of air tickets.
13:15One of the targets is Garuda Indonesia...
13:18...which has been criticized by the public...
13:21...for its high price.
13:24Will the new director...
13:27...be able to meet the demand?
13:30It depends on the cost.
13:33Besides the cost of fuel...
13:36...there are other costs...
13:39...that are not efficient...
13:42...so we have to make adjustments...
13:45...to the price of air tickets.
13:48If Garuda can...
13:51...meet the demand...
13:54...we can increase the price of air tickets.