Property Sector Predicted Still Losing Until Next Year
The Composite Stock Price Index (JCI) closed at 4,947.74. If calculated since the beginning of the year, the JCI has fallen by 21.19%. In the midst of this decline, the property, real estate and building construction sectors recorded the worst performance, dropping 34.21%.
Then followed by the agricultural sector which fell 31.26%. Meanwhile, the consumer goods sector recorded the lowest decline at 11.22%, followed by the manufacturing sector, which fell 18.51%. Head of Investment Research at Infovesta Utama, Wawan Hendrayana, said that the decline in stock prices reflected the company's declining earnings expectations. For now, property sales and income from property rentals are expected to decline until next year as a result of the Covid-19 pandemic. "So for the stock to return to pre-pandemic levels, it takes a minimum of two years," said Wawan. The same thing also happened in the agricultural sector, especially CPO whose sales declined. To be able to increase again, positive catalysts are needed such as the lifting of large-scale social restrictions (PSBB) and economic activity can run again. Meanwhile, the consumer goods sector is relatively still surviving during the Covid-19 pandemic because it is needed by people on a daily basis. The performance of this sector can continue to improve if it is supported by positive catalysts for easing PSBB and not increasing the curve that is infected with Covid-19. "However, if the curve increases and the PSBB is reinstated, it will be a negative catalyst, especially for manufacturing," he explained.
|•SOURCE•| Articles :KONTAN | Image :IP LEADERS |
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