Morgan Stanley Turunkan Peringkat Saham Indonesia
Summary
TLDRMorgan Stanley downgraded Indonesian stocks to underweight due to concerns over fiscal policy and the strengthening US dollar against the Rupiah. The firm highlighted potential risks from Indonesia's fiscal uncertainty and programs promised by President-elect Prabowo Subianto, which could strain the national budget. The rising US dollar and interest rates also pressure Indonesian companies. This change comes ahead of Federal Reserve and Bank Indonesia's rate decisions. The Indonesian stock index has been volatile, dipping below 6,800 and showing mixed performance amid market uncertainty.
Takeaways
- 📉 Morgan Stanley downgraded Indonesian stocks to underweight.
- 🏦 The downgrade is due to concerns about fiscal policy and the strengthening US dollar.
- 📊 Morgan Stanley highlighted the impact of Indonesia's fiscal policies and the stronger US dollar on investment risks.
- 💰 Experts, including Daniel Blake, expressed concerns about the uncertainty of Indonesia's future fiscal policies.
- 🍽️ Programs like free lunch and milk promised by President-elect Prabowo Subianto could significantly burden the state finances.
- 💵 The strengthening US dollar and high US interest rates are putting pressure on the Indonesian Rupiah.
- 📉 The downgrading happened ahead of the Federal Reserve's interest rate decision on June 12 and Bank Indonesia's decision next week.
- 📉 The Indonesian Stock Exchange Composite Index (IHSG) dropped from a positive territory above 6,947 on June 6 to below 6,947.
- 📉 The IHSG opened lower this morning, hitting a low of 6,800.206.
- 📊 As of this morning, the IHSG was relatively flat, still down by 3 points or 0.05% at 6,850.211.
- 💸 The total transaction value this morning was almost 2.5 trillion Rupiah.
- 💸 The average daily transaction value of the Indonesian Stock Exchange is currently between 8 and 1 trillion Rupiah.
Q & A
Why did Morgan Stanley downgrade Indonesian stocks to underweight?
-Morgan Stanley downgraded Indonesian stocks to underweight due to concerns about Indonesia's fiscal policies and the strengthening of the US Dollar against the Rupiah.
What are the main factors contributing to the downgrade of Indonesian stocks?
-The main factors are Indonesia's fiscal policies and the strengthening of the US Dollar against the Rupiah.
Who at Morgan Stanley expressed concerns about Indonesia's fiscal policies?
-Daniel Blake, among other strategists at Morgan Stanley, expressed concerns about the uncertainty of Indonesia's fiscal policies.
What specific programs of President-elect Prabowo Subianto are seen as potentially burdensome to the country's finances?
-Programs like the provision of free lunches and milk promised by President-elect Prabowo Subianto are seen as potentially burdensome to the country's finances.
How does the strengthening of the US Dollar impact Indonesian companies?
-The strengthening of the US Dollar, along with high US interest rates, pressures the Rupiah's exchange rate, worsening the situation for Indonesian companies already facing weakened revenue prospects.
What was the state of the Jakarta Composite Index (IHSG) in early June?
-In early June, the Jakarta Composite Index (IHSG) was in positive territory above 6,947 on June 6, but later moved into negative territory.
What was the lowest point the Jakarta Composite Index (IHSG) reached on the morning of the report?
-The Jakarta Composite Index (IHSG) touched its lowest point of 6,821.06 in the morning.
How much did the Jakarta Composite Index (IHSG) decline by the morning of the report?
-By the morning of the report, the Jakarta Composite Index (IHSG) had declined by 3 points or 0.05%, standing at 6,850.211.
What is the average daily transaction value on the Indonesia Stock Exchange (IDX)?
-The average daily transaction value on the Indonesia Stock Exchange (IDX) is between 8 to 1 trillion Rupiah.
What upcoming events were expected to impact the financial markets as mentioned in the report?
-The upcoming events expected to impact the financial markets were the Federal Reserve's interest rate decision on June 12 and Bank Indonesia's decision in the following week.
Outlines
📉 Morgan Stanley Downgrades Indonesian Stocks
Morgan Stanley has downgraded Indonesian stocks to 'underweight' due to concerns over fiscal policy and the strengthening US Dollar against the Indonesian Rupiah. In their report, Morgan Stanley highlights the uncertainty in Indonesia's fiscal direction and the potential financial burden of promises made by President-elect Prabowo Subianto, such as free lunch and milk programs. The strong US Dollar and high interest rates in the United States are also putting pressure on the Rupiah, exacerbating the situation for Indonesian companies already facing weakened revenue prospects. This recommendation change comes ahead of key interest rate decisions by the Federal Reserve on June 12 and Bank Indonesia next week, adding to market uncertainty. Over the past week, the Indonesian Stock Exchange's Composite Index has declined from positive territory above 6,947 on June 6 to below this level, and as of this morning, it briefly touched 6,800.206, the lowest level of the morning session. The index later stabilized slightly but remained down by 3 points or 0.05% at 6,850.211. As of this morning, transaction values were nearing 2.5 trillion Rupiah, with average daily transactions ranging from 8 to 10 trillion Rupiah.
Mindmap
Keywords
💡Morgan Stanley
💡Underweight
💡Fiscal Policy
💡USD/IDR Exchange Rate
💡Investment Risk
💡Indonesian Stock Market
💡Jakarta Composite Index (IHSG)
💡Federal Reserve
💡Bank Indonesia
💡Prabowo Subianto
Highlights
Morgan Stanley downgrades Indonesia's stock rating to underweight due to fiscal policy concerns and USD strength.
Indonesian fiscal policy and USD strength pose risks to stock investments, according to Morgan Stanley.
Morgan Stanley predicts uncertainty for Indonesia's composite stock index.
Experts, including Daniel Blake, express concerns over Indonesia's future fiscal policy direction.
Programs like free lunch and milk promised by President-elect Prabowo Subianto could significantly burden national finances.
The strengthening USD and high US interest rates put pressure on the Rupiah, worsening the situation for Indonesian companies.
Morgan Stanley's rating change comes ahead of the Federal Reserve's interest rate decision on June 12 and Bank Indonesia's decision next week.
Uncertainty in the market is reinforced by upcoming decisions from the Federal Reserve and Bank Indonesia.
Within a week, the Jakarta Composite Index fell from above 6,947 on June 6 to below 6,947.
On the morning of the report, the Jakarta Composite Index briefly opened lower, hitting 6,826.21, the lowest level of the morning.
By mid-morning, the Jakarta Composite Index had slightly recovered but remained down by 3 points or 0.05% at 6,850.211.
Morning transaction values reached nearly 2.5 trillion Rupiah.
The average daily transaction value on the Indonesia Stock Exchange is currently between 8 and 10 trillion Rupiah.
Morgan Stanley's concerns highlight the impact of fiscal policy and currency strength on market performance.
The market is experiencing heightened volatility and uncertainty due to both local and international fiscal decisions.
Transcripts
[Musik]
pema Morgan Stanley menurunkan peringkat
saham Indonesia menjadi underweight
karena pertimbangan dua faktor utama
yaitu kebijakan fiskal dan penguatan
Dolar Amerika terhadap nilai tukar
Rupiah dalam catatannya Morgan Stanley
menyampaikan kebijakan fiskal Indonesia
dan penguatan nilai tukar dolar Amerika
menimbulkan Riko terhadap investasi
saham hal ini membuat prediksi indeks
harga saham gabungan burs Indonesia
diliputi ketidakpastian para ahli
strategi stanle termasuk Daniel Blake
menyatakan kekhawatiran mereka terhadap
ketidakpastian arah kebijakan fiskal
Indonesia di masa mendatang
program-program seperti pemberian makan
siang dan susu gratis yang dijanjikan
presiden terpilih Prabowo Subianto
dinilai berpotensi membebani keuangan
negara secara signifikan Selain itu
menguatnya dolar Amerika dan tingginya
suku bunga Amerika Serikat juga
memberikan tekanan pada nilai tukar
Rupiah yang memperparah situasi bagi
perusahaan-perusahaan di Indonesia yang
sudah mengalami Pelemahan prospek
pendapatan perubahan rekomendasi ini
terjadi menjelang keputusan suku bunga
oleh Federal Reserve atau Bank Central
Amerika Serikat pada 12 Juni ini dan
keputusan Bank Indonesia pekan depan
yang semakin mempertegas ketidakpastian
di
pasar dalam satu pekan nilai tukar e
maksud kami indeks harga saham gabungan
Bursa Efek Indonesia melemah dari berada
pada teritori positif di atas
6.947 di tanggal 6 Juni kemudian masuk e
dalam teritori negatif di bawah
6.947-an dan pada pagi tadi ee selama 1
hari indeks harga samam gabungan sempat
dibuka melemah dan menyentuh level
6.800 206
21 nilai terendah sepanjang pagi ini
sejak dibuka pada pukul 9.00 Tadi dan
saat ini ee indeks harga saham gabungan
tercatat relatif melandai walaupun masih
minus 3 poin atau 0,05% di
6.850,211 dan 1 pagi ini nilai transaksi
tercatat sudah hampir
2,5 triliun nilai rata-rata transaksi
harian Bursa Efek Indonesia saat ini
antara 8 hingga Rp1 triliun setiap
harinya jelajahi cara baru mendapatkan
informasi download Metro TV extens
sekarang
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