In today’s briefing:
- IDX30/LQ45/IDX80 Index Rebalance: Big Impact in Some Stocks with 4 Days to Implementation
- Cisarua Mountain Dairy (CMRY IJ) – General Trade in the Cross Hairs
IDX30/LQ45/IDX80 Index Rebalance: Big Impact in Some Stocks with 4 Days to Implementation
- There are 2 constituent changes for the IDX30 Index, and 3 changes each for the LQ45 Index and IDX80 Index to be implemented at the close on 31 January.
- The largest passive flows are expected in Bank Central Asia, Indosat, Japfa Comfeed Indonesia, Indocement Tunggal Prakarsa, Dayamitra Telekomunikasi, MAP Aktif Adiperkasa, Bank Mandiri Persero, Ciputra Development and XL Axiata.
- With only 4 days to implementation, there could be relatively big moves on stocks that have large flow/impact from passive fund trading.
Cisarua Mountain Dairy (CMRY IJ) – General Trade in the Cross Hairs
- Cisarua Mountain Dairy (CMRY IJ) held an impromptu analyst call to address concerns over a potential sugar tax and the free milk program, both of which have yet to materialise.
- The company is making a marked push into general trade, armed with a broader range of affordable products including Yoghurt Sticks, UHT milk, and ready-to-eat sausages.
- Management remains confident about the outlook for 2025 with an ongoing recovery in dairy and an expansion into general trade, with a 10% increase in outlets covered. Top staples pick.
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