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Analysts are optimistic about the Indonesian stock market, calling the recent pullback a good buying opportunity

Analysts are optimistic about the Indonesian stock market, calling the recent pullback a good buying opportunity

格隆汇格隆汇2026/02/03 01:42
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Glonghui, February 3rd|Maybank Sekuritas analyst Jeffrosenberg Chenlim pointed out in a report that the current pullback of the Jakarta Composite Index is seen as a temporary phenomenon and provides a buying opportunity, as this fluctuation is driven more by sentiment and technical pressure rather than fundamentals. The Indonesian stock market experienced a significant sell-off in late January after MSCI raised questions about the feasibility of fundamental investing. However, the head of research stated that the sell-off did not have a significant spillover effect on the Indonesian rupiah or sovereign bonds, indicating that Indonesia's macro stability remains solid. Maybank Sekuritas maintains its year-end 2026 target for the Jakarta Composite Index at 9,250 points, citing policy shifts to support growth and about 10% earnings growth as support. The Jakarta Composite Index recently closed at 7,922.731 points.
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