One To Watch!

One To Watch!

One To Watch!

The snapback in global markets has been universal, as China’s dealt with overheating issues, the EU’s debt woes have grown larger and the strength of the US recovery is questioned. But while many markets have posted double-digits drops, one market has managed a double-digit gain — Indonesia.

This chart shows the year-to-date performance of the major developed (G7) and emerging (E7) markets we track as of last Friday, June 4. So far this year, China’s been the worst performer, down more than 22 percent with most of that coming in just the past three months. Other major markets like Italy (down 19 percent), France (down 12 percent) and Brazil (down 10 percent) have struggled as well.

In contrast, the Jakarta Composite Index has shot up 9.5 percent the past three months and 11.4 percent for the year. The only other E7-G7 market that is even positive for the year is Pakistan with a 2.7 percent gain. So why has the 2010 pullback skipped this Asian nation?

There are two main reasons. The first is the strength of the domestic economy we touched on several weeks ago (Indonesia’s Good Position). A doubling of the middle class and rising urbanization over the past few years have led to strong GDP growth. Second, Indonesia is also the world’s largest thermal coal exporter and its two major export partners — China and India — largely avoided the recession.

Each country imported more than 50 kilotons of thermal coal in 2009 and both are expected to see that figure increase in 2010. Despite a slowdown in China, Deutsche Bank says that China and India are going to transform the demand landscape for thermal coal over the next decade. Indonesia’s also the world’s largest producer/exporter of palm oil, which has seen increased demand as governments search for alternative fuel sources.

As the aftershocks of the credit crisis continue to spread, Indonesia’s established itself as a market to keep an eye on. The Jakarta Composite Index is Indonesia’s benchmark index of all the stocks listed on the regular board of the Indonesia Stock Exchange. The Shanghai A-Share Stock Price Index is a capitalization-weighted index. The index tracks the daily price performance of all A-shares listed on the Shanghai Stock Exchange that are restricted to local investors and qualified institutional foreign investors. The index was developed with a base value of 100 on December 19, 1990.

Source: SeekingAlpha

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Artikel ini dibuat oleh Penulis Terverifikasi GNFI, dengan mematuhi aturan menulis di GNFI. Isi artikel ini sepenuhnya menjadi tanggung jawab penulis. Laporkan tulisan.

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Akhyari Hananto

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy

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