Monthly Strategy-Jan (27-12-2011) (BUY):   "Out of the shadows"

Beberapa alasan untuk IHSG breakout  dari trading range di January: 

1. Investment grade
rating Indonesia oleh Fitch dan potensi dana asing masuk ke bursa dapat memicu perbaikian tren ke arah lebih positif dan penyerapan ke struktur infrastruktur yang akan membantu perekonomian domestik secara signifikan

2. Membaiknya ekonomi Amerika dan optimisme pasar bahwa sovereign debt Eropa akan menemukan penyelesaian di 2012

3. Data ekonomi 2011 menunjukan bahwa GDP tetap diatas inflasi walaupun secara keseluruhan telah terjadi pelemahan ekonomi di Indonesia akibat global krisis dan rupiah melemah terhadap USD sebesar 5% (sesuatu yang jarang terjadi-biasanya ketika rupiah melemah, inflasi diatas GDP) 

4. Posisi pelaku pasar yang masih hold cash dan teralu lama menunggu crash namun tak kunjung datang, valuasi market Eropa sudah cukup murah terutama di sektor perbankan, serta upaya bank sentral Amerika dan Eropa yang cepat untuk meredam krisis hutang agar tidak berimbas ke areah lebih negatif, 

Rekomendasi Portofolio & Target Price  1-bulan:

Yuganur Wijanarko

Senior Research.

(Yuganur@hdx.co.id)

This document has been prepared by PT. HD Capital Tbk.  The information has been compiled from public source, which we believe to be reliable but no representation or warranty, express or implied is made as to accuracy, completeness or fairness of the information and opinions contained in this document. Information and opinion contained herein are used to assist recipients, but are not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipients as of this date. Any opinion and expressed in this report are subject to change without notice and PT. HD Capital Tbk is not under obligation to update or keep current the information contained herein. This report is not, and should not be construed as, an offer or solicitation to buy or to sell any securities. PT. HD Capital Tbk accepts no liabilities whatsoever for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in any information contained in this report. No part of this report may be produced, distributed or published without the written permission of PT. HD Capital Tbk. Ó 2011. All rights reserved.