Indonesia's budget will be focusing on Infrastructure related in 2021 (just like previous years under President Joko Widodo regime).
So it's only logical if Investor might look at Infrastructure Related Stocks again.
I create Construction Stocks Index (ADHI, PTPP, WIKA, and WSKT) and compare it to Composite.
The graph shows that while Construction Stocks are still Underperforming Composite (since 3Q19), there are some clues that Construction Stocks are about to end their Underperform Trend to Composite. At least Construction Index hasn't fallen below its last 2 Lows. Construction Index still needs to Breakout its Down Trendline. Hopefully, it will come soon.
So it's only logical if Investor might look at Infrastructure Related Stocks again.
I create Construction Stocks Index (ADHI, PTPP, WIKA, and WSKT) and compare it to Composite.
The graph shows that while Construction Stocks are still Underperforming Composite (since 3Q19), there are some clues that Construction Stocks are about to end their Underperform Trend to Composite. At least Construction Index hasn't fallen below its last 2 Lows. Construction Index still needs to Breakout its Down Trendline. Hopefully, it will come soon.