Why is Indonesia Lagging?
Top of Concerns from the Global perspectives:
1. Increased 10 Year US T-Bill Yield as the main concern arise over the potential of tantrum
before tapering off
2. The hike of COVID-19 cases and its mutation pull the trigger of future lockdown.
3. The Battle of Liquidity: the rising appetite toward Crypto assets
Concerns to Domestic Market:
1. Lower test for COVID-19 cases vs slower rollout of vaccines haunt the domestic economy recovery
2. Unfavorable result of macro data release create concern over earning and GDP growth
3. The “exhausted retail investors” vs the noise from the rebalancing agenda
from the big boys of local institution
4. All eyes on execution rather sentiment: SWF case for construction and battery holding for nickel mining
5. Primbon Index 2021 : sideways pattern until May’21 and better outlook in 2H21
