GIACARTA, investor, id – The strong performance of most bank and LQ45 issuers this year is believed to support the movement of their respective share prices, as well as boosting the Composite Stock Price Index (JCI).
For example, PT Bank Central Asia Tbk (BBCA). BCA’s net profit for the third quarter of 2022 grew 24.8% to Rp 28.95 trillion. PT Bank Mandiri Tbk (BMRI) managed to post a net profit of Rp 30.7 trillion or a jump of 59.4%. Not to be missed, PT Bank Negara Indonesia Tbk (BBNI) recorded a 76.8% increase in net profit to Rp 13.69 trillion.
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The Capital Market Observer of the University of Indonesia (UI) Budi Fresidy estimated that the performance of listed banks and LQ45 this year was relatively better than last year. “Except debt issuers and US dollar importers,” he said Daily investorSunday (10/30/2022).
According to Budi, the brilliant performance of issuers was buoyed by commodity prices which are still the mainstay and people’s growing purchasing power as the Indonesian economy gradually recovers.
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“Until the fourth quarter of 2002, bank issuers, especially those with top 3 market capitalizations (BBCA, BBRI, BMRI) will still be positive because credit has grown compared to the previous quarter, “he explained.
Outside of the banking sector, Budi also mentioned other LQ45 issuers that will continue to emerge this year, most notably in the energy sector such as ADRO, ITMG and ABMM, as well as in the oil palm plantation sector, including DSNG and TAPG.
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Meanwhile, regarding the JCI forecast, Equity analyst Kanaka Hita Solvera, William Wibowo, said it will technically be quite difficult for the JCI to cross the 7,500 mark until the end of 2022. This is because global economic conditions are still gloomy and the threat of a global recession next year.
“In the medium term, here are two important levels of the JCI. Level S.support important JCI is at the level of 6,580 e resistence It is important to be at the 7,380 level, “William said.
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For this, he recommends several stocks such as ACES with a target price of Rp 680-750. Hence, ASII with a target price of Rp 8,000-8,200, BIRD Rp 1,700-1,800, EMTK Rp 1,830-1960 and SMGR Rp 8,250-8,600.
Publisher: Jauhari Mahardhika ([email protected])
