Jakarta, CNBC Indonesia- Panin Asset Management revised its projected composite stock price index at the end of 2023 to 7,600 from the original target of 7,800.
Director of Panin Asset Management, Rudiyanto said the change in the JCI projection was due to the absence of a signal to lower the Fed’s interest rate level. In addition, the smaller the weight of blue chip stocks in the composition of the JCI, the lower the expectation of a fair price for the JCI.
What is the sentiment of the Fed and US banking until the Chinese economic slowdown has an impact on the direction of JCI movement? And what sectors are affected? See Anneke Wijaya’s dialogue with the Director of Panin Asset Management, Rudiyanto in the Power Lunch,CNBCIndonesia (Thursday, 10/08/2023)