IHSG Expected to Rise to 6,700, Phintraco Sekuritas Recommends Five Stocks

Phintraco Sekuritas predicts that the Jakarta Composite Index (IHSG) will strengthen to 6,700 on Thursday, February 13, 2025. Technically, IHSG is expected to move within a resistance range of 6,900, a pivot at 6,700, and support at 6,550.

In line with this potential uptrend, Phintraco Sekuritas recommends five stocks as profitable investment opportunities, with AUTO being one of them.

Impact of US Inflation on Global Markets

According to Phintraco Sekuritas, most Wall Street indexes weakened during Wednesday's trading session on February 12, 2025. This followed the latest US inflation report, which showed an increase to 3.0% year-on-year (yoy) in January 2025, up from 2.9% yoy in December 2024.

"This inflation rise reinforces the Fed's hawkish stance regarding its interest rate policy for 2025," Phintraco Sekuritas wrote in its research note on Thursday, February 13, 2025.

Meanwhile, the European Central Bank (ECB) has a different view, stating that inflation in Europe remains on track to meet its target.

Coal Prices Decline, Market Awaits US Inflation Data

Phintraco Sekuritas also noted that global coal prices continue to weaken. This decline is driven by China's plans to boost production to maintain a stable energy supply in the country.

Currently, the market is closely monitoring upcoming US producer inflation and retail sales data, which could influence the Fed’s stance on future interest rate adjustments.

IHSG Poised for Further Rebound

In the previous trading session, IHSG recorded a technical rebound of 1.74% after testing the 6,550 level, which is believed to be the bottom from various market pressures. "IHSG has the potential to continue its technical rebound toward the 6,700 range on Thursday, February 13," Phintraco Sekuritas reported.

On the domestic front, Indonesia recorded retail sales growth of 1.8% yoy in December 2024, up from 0.9% yoy in November 2024. Meanwhile, the Consumer Confidence Index (CCI) stood at 127.2 in January 2025, slightly down from 127.7 in December 2024.

"This data suggests that consumer spending remained relatively strong in January 2025, although slightly lower than in December 2024," Phintraco Sekuritas explained.

As an investment recommendation, Phintraco Sekuritas advises investors not to miss out on profit opportunities from five selected stocks: AUTO, MBMA, LSIP, AMRT, and ACES.