Mandiri Securities predicted the composite share price index (CSPI) later this year to touch the position of 4160 points, along with positive expectations of the economic fundamentals of Indonesia in 2011.
Technical analyst at Mandiri Securities, Rafdi Prima said, along with the performance of companies listed on the Indonesia Stock Exchange (BEI) showing an increase would automatically have a positive impact on JCI.
"The performance of positive issuers such as stocks and consumer banking sector experienced the highest growth in the first quarter of this year, predicted growth in that sector will continue until the end of this year and will be followed by other sectors," he said, in Jakarta on Thursday (12 / 5 / 2011).
He explained that, despite fluctuations pergerakkannya JCI high enough in recent days, but the index was showing a trend increase after a decline back to 3300 levels by mid-February. He said the liquidity into the Indonesian stock market is still thriving is not separated from the net value (price earnings / PE) index is still relatively cheap.
According to him, the PE index IDX is currently in the range of 15 times. This is equivalent to JCI at the level of 3900 points. With the increasing JCI, JCI forward PE can reach 18 times. "BEI should encourage investors in capital markets to continue to grow for liquidity also increases, and followed by the addition of issuers in the market," he explained.
He added that the related transaction is still minimal compared to the previous year, market participants still hold tothe purchase of stocks ,some investors are still reluctant to participate in the transaction because the shares are still high-valuedstock prices . "quiet the stock trading due to market participants assess the stock price is still high in position, other than that the gain is enough to realize,
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