Weighing stock options for next year

ILLUSTRATION. Several stock sectors are the choice of analysts in 2021 amid hopes of economic recovery.

Reporter: Ika Puspitasari | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Several stock sectors are the choice of analysts in the coming 2021 in line with hopes for further improvement in the global and domestic economy.

Pilarmas Investindo Sekuritas analyst Okie Ardiastama assessed that the infrastructure sector related to construction and telecommunications is quite attractive for next year. Apart from that, investors can also consider the banking sector. Recovery from financial performance can have an impact on sustaining it non performing loan (NPL) in the next year.

“The improvement in demand is expected to boost the performance of the real sector during the expansion phase, this is certainly a hope for improving credit performance next year,” Okie told Kontan.co.id, Tuesday (29/12).

Okie revealed that the consumer goods sector, which was considered defensive during the pandemic, is still attractive for next year. It’s just that he sees the potential for growth as insignificant.

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Some of the stocks that were chosen by Okie included PT Telkom Indonesia Tbk (TLKM), PT XL Axiata Tbk (EXCL), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Central Asia Tbk (BBCA), and PT Bank Mandiri (Persero) Tbk (BMRI). He advised market players to be able to make gradual purchases of these shares.

Okie set a target price of IDR 4,160 for TLKM, EXCL with a target of IDR 3,380 per share, BBRI with a target of IDR 4,740, BBCA with a target price of IDR 35,600, and BMRI with a target price of IDR 7,850 per share.

The same thing was also conveyed by Philip Sekuritas Analyst Anugerah Zamzami Nasr. He revealed that the sectors cyclical have better prospects for 2021.

“Because of the sector cyclical is expected more outperform amidst economic growth. Although, it’s okay to enter defensive stocks into portfolio for diversification, “said Zamzami, Tuesday (29/12).

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Zamzami added that the selected sectors for next year include banking, cement, metal mining, telecommunications and CPO. According to him, the main driver of these stocks was the increase in commodity prices in line with the economic recovery.

He is a champion market leader from each of these sectors such as BBCA, INTP, EXCL, AALI, and ANTM. Zamzami recommends investors to start buying installments and accumulated buys when the price is corrected. The target price for BBCA is IDR 35,500, INTP with a target price of IDR 18,000, EXCL with a target price of IDR 3,600, AALI with a target of IDR 12,700, and ANTM with IDR 2,150 per share.

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