Adiengel

Consumer goods in indonesia

Long
NASDAQ:AAPL   Apple Inc
Fundamental: rising in monthly sallary in every province by almost 8%. Current inflation (y/y nov 3.1%),means rising sallary is higher than inflation. Weakening of usd against idr,may cause decrese in industry's import component. Historycaly,consumer spending always incrased on the christmax,new year,chinese new year and "idul fitri". One thing to be consider as a negative point of view is the slowdown in indonesia's economy as impact of 'predicted' on global economy slowdown and US and China 2019 economy slowdown.
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