Surplus Trade Balance, SUN Auction Potentially Booming
Illustration -
JAKARTA - Trade balance data in 2017, which showed the highest surplus in recent years, added a positive sentiment for the national bond market and potentially boost supply again in the state bond auction on Tuesday (1/16/2010).
Anil Kumar, Portfolio Manager of Ashmore Asset Management, said that the deficit in December 2017 worth US $ 270 million was due to slowing exports while imports remained high. This shows the impetus of national economic growth.
Furthermore, in annual terms for the period of January-December 2017, the trade balance is still a surplus of US $ 11.84 billion. This value jumped compared to the achievement of 2016 US $ 9.53 billion. This is the highest surplus after Indonesia experienced a surplus two years earlier, while in 2013 and 2014 experienced a deficit.
Anil said, in general it provides a positive sentiment for Indonesia. Decrease in exports in December 2017 can still be offset by high inflows of foreign investment, either through capital market instruments or direct investment in the real sector."Actually from the external side is fine. It just shows what the government is trying to achieve, the economic growth starts to exist, although export should be encouraged because it slows down, "he said on Monday (15/1/2018).
According to him, for the bond market, as long as the rupiah exchange rate can be maintained stable and inflation remains low, such data will always be responded positively by investors. Since the beginning of the year, the bond market also appears to be consistently strong which shows the high confidence of foreign investors in Indonesia.
In two state securities auctions earlier this year, foreign investor bids continued to record. In fact, there has been no significant change from within the country, in addition to upgrading ratings by Fitch.
Anil rate, big chance of auction of Sovereign Debt to be held by government tomorrow will also get high bid from investor. According to him, the government's target of Rp17 trillion in tomorrow auction is very easy to achieve.
"I think the offer of investors in a tomorrow auction that must be at least twice the target can be achieved," he said.
0 komentar:
Posting Komentar