Equity Strategy: Repricing the Risk; Potential Tactical Reliefs to Emerge
We see JCI earnings-yield-to-bond spread of 242bps to have priced in a bear scenario. We revise FY26 JCI target to 7,200. Repricing the risk.
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BRIDS Market Pulse : Chart of the Week – Domestic Funds’ Positioning in Key Sectors
Market review: JCI corrected -0.5% w-w, driven by drops in large-cap sectors namely Banks (-2.3% w-w), Telco (-1.8%), partly offset by Consumers...
126 Views
Indo Downgrade: Run Away or Buy?
Indonesia's emerging market status under review due to market anomalies, a focus on increasing free float, and tycoons selling stakes to raise...
235 Views
Equity Strategy: Foreign Flow Overhang from MSCI Review; Maintain Bottom-Up Selective Exposure
Past precedents of MSCI EM downgrade indicated that foreign investors tend to derisk during review time and ahead of the implementation.
147 Views
BRIDS Market Pulse: Foreign Investors Ownership on Large-Cap ‘fundamental’ Stocks
JCI gained 5% w-w and closed above the psychological level of 9k, supported by gains in fundamental stocks TLKM, big-cap banks (BMRI, BBRI, BBNI)...
196 Views