From Banks to Technology, These Are Fund Managers' Favorite Stocks

Head of Investment & Research at PT BNI Asset Management Yekti Dewanti said market sentiment was now more positive, especially foreign investors towards the Indonesian capital market, especially the Covid-19 case which began to decline. Economic growth in the second quarter of 2021 has also become a positive catalyst even though government spending is still the supporter of growth, while people's purchasing power consumption is still weak. He mentioned several prospective sectors such as transportation, banking, health, and mining.

"Sectors that contributed to the increase, such as transportation, warehouses, rose 25 percent, hotels, restaurants and cafes (horeka), and basic industries also rose. This increase is in line with the condition of the release of the economic growth report," Yekti said, Thursday (6/6). /8/2021).

Yekti said that in the midst of this pandemic, the health segment is also still prospective, which is reflected in the increase in profits of PT Prodia Widyahusada Tbk (PRDA) and PT Medikaloka Hermina Tbk (HEAL). Meanwhile, the telco sector which was eyed during the Covid-19 pandemic also stagnated. Banking is also still a prospective sector, especially large banks that have recorded an increase in Net interest margin (NIM), a decrease in cost of funds, as well as improvements in terms of income. According to her, some that can be looked at include BBNI, BMRI, BBCA, BBRI, and also BBTN.

"From a health perspective, we will see what happens again in the 3rd and 4th quarters, because cases are decreasing, and vaccines are also increasing. This will normalize the growth of issuers in the health sector. Mining is also positive because volume has increased, both stone coal, or CPO plantations," she said.

She added that shares of large-cap companies still experienced a year-to-date (ytd) correction, while stocks with small and medium capitalization experienced a significant increase. According to her, the Fund Manager always pays attention to its potential from a fundamental perspective.

"Even though the big cap has been corrected quite a lot, we see that there is a value factor. This big cap has quite strong business fundamentals with a fairly dominant market share and has the resilience of slowing economic conditions. With price valuations that are already quite depressed, we see Big cap stocks are still worthy of being the main portfolio in our Mutual Funds," Yekti explained.

Meanwhile, for medium and small capitalization stocks are also the concern of Investment Managers, especially those engaged in the technology sector. These stocks have a structure that increases during the mobilization pandemic because mobilization is limited, and activities are carried out virtually.

"This makes the structure of digital-themed stocks a portion of growth that cannot be ignored. Stocks with digital themes have the potential for growth which will be very attractive in the future and become a booster in the portfolio," she said.