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Indonesia's budget will be focusing on Infrastructure related in 2021 (just like previous years under President Joko Widodo regime).

So it's only logical if Investor might look at Infrastructure Related Stocks again.

I create Construction Stocks Index ( ADHI , PTPP , WIKA , and WSKT ) and compare it to Composite.

The graph shows that while Construction Stocks are still Underperforming Composite (since 3Q19), there are some clues that Construction Stocks are about to end their Underperform Trend to Composite. At least Construction Index hasn't fallen below its last 2 Lows. Construction Index still needs to Breakout its Down Trendline. Hopefully, it will come soon.

Comments

Keep short Pak, global isolation to Indonesia due to poor covid handling would give long-term hard pressure to Indonesian economic, including infras projects.
+1 Reply
mmdandytra hidymat
Well, up until now, Government has always been the Project Provider. Global isolation (pressure) is one of the main reasons the government must push Infra projects to push growth next year. Hence, PUPR is given the most of the budget's 2021 - again.
+1 Reply
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