Recent issues and trading ideas
Banks started lowering their lending rates, albeit slightly. They are mulling larger cuts in the next few months (having slashed their deposit rates). Mortgage lending – hard hit by the liquidity crunch – would be a major beneficiary of banks’ improved liquidity. Banks with >5% loan exposure to mortgage are BNGA (22%), BBCA (10%), BBNI (6%) and BMRI (5%). This will also be positive for consumer lending of which ASII
will be the main beneficiary. The recent IDR weakness does not bode well with the cement (SMGR and INTP) and pharma counters (KLBF and TSPC) but this should benefit the CPO and mining exporters.
Tidak ada komentar:
Posting Komentar