JCI is nearing an all-time high, analysts recommend paying close attention to these stocks

Reporter: Ika Puspitasari | Editor: The novice Laoli

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) prepare to break the all-time high or all time high at the level of 6,689 last February 2018.

On Friday (15/10) trading, the JCI closed up 0.11% to 6,633. Kiwoom Sekuritas Indonesia analyst Sukarno Alatas said investors could hunt down stocks that were still negative when the JCI reached its highest level.

“Market players can make strategies” buy on break, hunting for stocks that are year to date still minus. In addition, there is potential for performance recovery in the future,” Sukarno said to Kontan, Sunday (17/10).

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According to him, stocks from the banking and infrastructure sectors are interesting to observe as they are being hunted by foreign investors. In addition, from a valuation point of view, it is still relatively cheap.

Furthermore, stocks from the property and construction sectors are also attractive to be chosen in line with the economic recovery, and projects that had been delayed are starting to resume.

Sukarno continued, stocks such as BSDE, CTRA, SMRA, ADHI, PTPP, WIKA, and WSKT in a majority valuation are relatively cheap when viewed from their PBV ratio and their share prices are still monitored negatively in terms of ytd.

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