Morgan Stanley Turunkan Peringkat Saham Indonesia

Summary

Morgan 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.