"Saksikan tayangan kami Official Youtube IDX Channel di Program 2nd Session Closing, Selasa (10/10/2023) dengan Tema Menakar Peluang di Tengah Pelemahan Rupiah".
00:00 We're still in IDX, we're going to the topic of the selection of the winner, where the weakness of the US dollar continues.
00:07 Even in today's trade, the dollar has reached the level of 15,700 per US dollar.
00:13 Meanwhile, a number of emitters that have received significant income from export activities are believed to be benefited when the dollar weakens,
00:20 including commodities-based emitters and consumer goods.
00:29 The rupiah was once again weakened by the US dollar when a foreign investor from Indonesia came out,
00:34 as well as the expectations of the US's flowering tribe.
00:38 Based on data, the rupiah has passed the psychological level and touched the position of 15,710 rupiah per dollar, or a weakness of 0.16%.
00:46 This position has been the weakest since November 30, 2022, or around the last 11 months.
00:53 The weakness of the rupiah is now accompanied by the existence of outflow capital from the Indonesian financial market.
00:59 Bank Indonesia notes that the transaction data from 2 to 5 October 2023, non-resident in the domestic financial market, recorded net sales of 2.50 trillion rupiah.
01:09 This is not excluded from the difference in the balance of the US Treasury's 10-year tenor, with Indonesia's 10-year tenor which is almost thin.
01:17 The value of the rupiah exchange that continues to weaken against the US dollar is estimated to be a hindrance to the movement of the domestic financial market.
01:23 However, not all emitters are at a loss because of the bad financial situation.
01:27 Indeed, there are those who benefit from this condition.
01:30 The main characteristic of the emitter that will be benefited when the rupiah weakens is that it gets income from export sales,
01:37 so many make transactions with the US dollar.
01:40 Even some companies have reported financials with the denomination of the US dollar.
01:46 There are a number of emitters that are still in a bad condition when the dollar is getting stronger.
01:50 Among them are emitters in the community sector such as paper, namely PT Indah Kyat Pop and Paper Tbk or INKP, and PT Pabrik Kertas Ciwi Kimia Tbk or TKI M.
02:00 From the beginning of the year to the beginning of the second trading session on October 10, 2023, when INKP and TKI M each reached 20.34% and 28.37%.
02:13 The duo of paper producers owned by this Sinarmas group is known to have a dominant export income.
02:19 It was recorded that by mid-2023, the export percentage of total sales reached more than 50%.
02:25 Subsequently, the community sector such as energy including migas and coal, which are potentially benefited when the rupiah weakens,
02:32 because sales are still supporting exports and are also driven by an increase in the price of the community.
02:38 After that, the emitters of the consumer sector whose business is supported by exports will be benefited from rupiah weakening.
02:44 One of them is PT Mayora Indah Tbk or MYOR, where cumulative sales until the first semester of 2023 were recorded at 14.81 trillion rupiah,
02:53 where 42% or 6.31 trillion rupiah was contributed by export sales.
03:01 Further, the financial market observer and the director of Afer Investment, Teguh Hidayat, said that the sectoral company that is very disadvantaged from this rupiah weakening is a company that depends on imported raw materials.
03:12 On the contrary, what is benefited from this rupiah weakening is a company that exports its production abroad.
03:18 The result of the observer's assessment of rupiah weakening also does not cover the possibility of giving an imbas on the stock market movement.
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