At the same time, there is usually a weakening effect on profit-taking for trading in capital markets. A need for cash funds often causes a number of market participants to choose to exit the market for a while.Once the holiday has ended, investors reorganize their portfolios once again. Of course, in these conditions, we must be careful in the selection of sectors and stocks in which to invest. The research team for Daewoo Securities Indonesia has identified a number of sectors that require attentiveness because they will be affected by this condition. These sectors are:
Which sectors are most affected by the aforementioned matters?
- Banking: Credit distribution has improved, but the growth in public reserves slows in the months leading up to Lebaran.
- Automotive and finance: New and used car sales, for MPVs in particular, will increase, and the majority of purchases will be made with credit.
- Consumer and retail: Sales in consumer sectors for companies such as Indofood and MYOR will increase, as well as for retailers such as MPPA, RALS, and LPPF.
Daewoo Securities has determined that, also taking into account the end of the 2014 presidential elections, the third-quarter performances of listed companies in the sectors mentioned will be better than their second-quarter performances.
"If you have looked at recent news, you have seen a variety of news items regarding the repair of roads and bridges to facilitate smooth returns home, as well as increasingly dense traffic flows and crowded shopping centers as Lebaran approaches," the team explained in its Friday research (7/25/2014).
It is no wonder, they added, that the money supply would increase. In July 2013, the Daewoo Securities research team showed in a visual how the money circulated by Bank Indonesia reached Rp 506 trillion, with an average increase of 15-16% every year. As for the money supply during Ramadan and Lebaran, it reached Rp 103.1 trillion, an increase of 17.4% compared to the previous year.
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