06 Feb 25
Market Review and Prediction
The three main indexes on the US stock market closed higher again. The increase in Nvidia and Amgen shares was the main contributor to the strengthening of the Dow Jones index. The three main indexes on Wall Street closed higher even though several large technology sector stocks such as Alphabet and Apple closed lower. Meanwhile, crude oil prices weakened due to rising US oil reserve data and concerns about the US-China trade war which could have an impact on decreasing demand for crude oil. Meanwhile, gold prices rallied to their highest level amid rising demand for safe havens due to concerns about the trade war.
On Wednesday, February 5, 2025, the JCI closed down by 0.70% at 7024. The finance sector stocks recorded the largest correction, while the basic materials sector stocks posted the largest gains. Foreign investors conducted a net sell amounting to Rp490.48 billion, including in the non-regular market. For today’s trading session, the JCI is expected to move within the support range of 6985/6930 and resistance range of 7050/7085. Stock Picks: UNTR, PGAS, BREN, BRPT, AKRA, JPFA, MYOR
NEWS:
• EXCL reported a 45% yoy increase in net profit to Rp1.85 trillion.
• BBNI plans to conduct a share buyback of 10% of its total paid-up capital, with an allocation of Rp905 billion.
• IMAS has terminated its subsidiary's partnership with Chinese electric motorcycle manufacturer, Yadae.
• PTPP targets new contract value growth of 5% yoy to approximately Rp28.44 trillion this year.
• ADHI targets new contracts this year to be around Rp27 trillion to Rp28 trillion, focusing on projects from state-owned enterprises and private sectors.
• Shell aims to complete the divestment of its business unit managing an oil refinery in Singapore through a joint venture between TPIA and Glencore by Q1 2025.
• In 2024, WSKT recorded new contracts worth Rp9.6 trillion, down approximately 43.2% yoy.
Disclaimer:
The three main indexes on the US stock market closed higher again. The increase in Nvidia and Amgen shares was the main contributor to the strengthening of the Dow Jones index. The three main indexes on Wall Street closed higher even though several large technology sector stocks such as Alphabet and Apple closed lower. Meanwhile, crude oil prices weakened due to rising US oil reserve data and concerns about the US-China trade war which could have an impact on decreasing demand for crude oil. Meanwhile, gold prices rallied to their highest level amid rising demand for safe havens due to concerns about the trade war.
On Wednesday, February 5, 2025, the JCI closed down by 0.70% at 7024. The finance sector stocks recorded the largest correction, while the basic materials sector stocks posted the largest gains. Foreign investors conducted a net sell amounting to Rp490.48 billion, including in the non-regular market. For today’s trading session, the JCI is expected to move within the support range of 6985/6930 and resistance range of 7050/7085. Stock Picks: UNTR, PGAS, BREN, BRPT, AKRA, JPFA, MYOR
NEWS:
• EXCL reported a 45% yoy increase in net profit to Rp1.85 trillion.
• BBNI plans to conduct a share buyback of 10% of its total paid-up capital, with an allocation of Rp905 billion.
• IMAS has terminated its subsidiary's partnership with Chinese electric motorcycle manufacturer, Yadae.
• PTPP targets new contract value growth of 5% yoy to approximately Rp28.44 trillion this year.
• ADHI targets new contracts this year to be around Rp27 trillion to Rp28 trillion, focusing on projects from state-owned enterprises and private sectors.
• Shell aims to complete the divestment of its business unit managing an oil refinery in Singapore through a joint venture between TPIA and Glencore by Q1 2025.
• In 2024, WSKT recorded new contracts worth Rp9.6 trillion, down approximately 43.2% yoy.
Disclaimer:
This report is prepared strictly for private circulation only to clients of PT Waterfront Sekuritas Indonesia. It is purposed only to person having professional experience in matters relating to investments. The information contained in this report has been taken from sources which we deem reliable. No warranty (express or implied) is made to the accuracy or completeness of the information. All opinions and estimates included in this report constitute our judgments as of this date, without regards to its fairness, and are subject to change without notice. However, none of PT Waterfront Sekuritas Indonesia and/or its affiliated companies and/or their respective employees and/or agents makes any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied), its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT Waterfront Sekuritas Indonesia, its affiliated companies or their respective employees or agents accepts liability for any errors, omissions or misstatements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. This document is not an offer to sell or a solicitation to buy any securities. This firms and its affiliates and their officers and employees may have a position, make markets, act as principal or engage in transaction in securities or related investments of any company mentioned herein, may perform services for or solicit business from any company mentioned herein, and may have acted upon or used any of the recommendations herein before they have been provided to you. © PT Waterfront Sekuritas Indonesia 2025
Published on 2025-02-06 06:52:12 (GMT +7)
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