17 Feb 25

Market Review and Prediction

In Friday's trading, the Dow Jones and S&P 500 indices closed lower, while the Nasdaq Composite posted a gain. Retail sales data for January fell by 0.9%, worse than the expected decline of 0.2%. Meanwhile, crude oil prices weakened amid expectations that a potential peace agreement in Ukraine could ease concerns over supply disruptions. Gold prices also declined due to profit-taking. The US Dollar weakened against most other major currencies following the delay in the implementation of import tariffs by President Trump.

This week, key US economic data to be released includes housing starts, building permits, initial claims, and existing home sales. Domestically, the market is awaiting the BI Board of Governors Meeting on Tuesday-Wednesday, with expectations that the central bank will maintain its benchmark interest rate at 5.75%. Additionally, economic data to be released include the trade balance and current account.

The JCI closed higher on Friday, February 14, 2025, gaining 0.38% to reach 6,638. The transportation sector posted the largest gains, while the healthcare sector was the only one to decline. Foreign investors net sold IDR 585.29 billion, including transactions on the non-regular market. In today’s trading, the JCI is expected to move within a support range of 6,600/6,565 and a resistance range of 6,680/6,720. Stock picks: BBNI, BMRI, ASII, TLKM, UNTR, TLKM, JSMR.


NEWS:
• ATIC has completed the sale of 61% of its stake in its subsidiary PT Emporia Digital Raya for IDR14.93 billion.
• Anderson Bay Pte. Ltd. will make a mandatory tender offer for 90% of CNKO's shares at IDR 8 per share.
• A subsidiary of ERAA has established a joint venture in the Food & Beverage business with an investment of IDR 120 billion.
• BUVA plans a rights issue of up to 3.6 billion new shares.
• BNLI's net profit in 2024 grew 37.95% YoY to IDR 3.56 trillion.
• BMRI plans to conduct a share buyback with a fund allocation of IDR 1.17 trillion.
• TPIA maintained a B rating in the Carbon Disclosure Project (CDP) for climate change.


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This report is prepared strictly for private circulation only to clients of PT Waterfront Sekuritas Indonesia. It is purposed only to person having professional experience in matters relating to investments. The information contained in this report has been taken from sources which we deem reliable. No warranty (express or implied) is made to the accuracy or completeness of the information. All opinions and estimates included in this report constitute our judgments as of this date, without regards to its fairness, and are subject to change without notice. However, none of PT Waterfront Sekuritas Indonesia and/or its affiliated companies and/or their respective employees and/or agents makes any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied), its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT Waterfront Sekuritas Indonesia, its affiliated companies or their respective employees or agents accepts liability for any errors, omissions or misstatements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. This document is not an offer to sell or a solicitation to buy any securities. This firms and its affiliates and their officers and employees may have a position, make markets, act as principal or engage in transaction in securities or related investments of any company mentioned herein, may perform services for or solicit business from any company mentioned herein, and may have acted upon or used any of the recommendations herein before they have been provided to you. © PT Waterfront Sekuritas Indonesia 2025

Published on 2025-02-17 06:13:28 (GMT +7)

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