Research & Stock Picks

Morning Briefs

21 July 2026

By

JCI is Expected to Move Up Today

The U.S. market closed lower on Monday (Jul 20): Dow -0.59%, S&P 500 -0.19%, and Nasdaq -0.05%. U.S. stocks fell mainly due to renewed Middle East tensions and rising oil prices, which revived concerns over inflation and interest rates. The U.S. 10-year Treasury yield increased 0.97% to 4.592%, while the U.S. Dollar Index gained 0.18% to 100.95.

 

Commodity markets also closed mostly higher on Monday (Jul 20): WTI crude rose 0.90% to USD 83.23/bbl, Brent crude increased 1.27% to USD 89.22/bbl, coal gained 0.30% to USD 133.75/ton, CPO went up 1.00% to MYR 4,643/ton, and gold decreased 0.23% to USD 4,008/oz.

 

Asian markets closed mostly higher on Monday (Jul 20): Hang Seng rose 2.36% and Shanghai gained 0.85%. The JCI climbed 0.91% to 6,231.78, with foreign net buy of IDR 96.7 billion, consisting of IDR 156.5 billion net buy in the regular market and IDR 59.8 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in BMRI (IDR 238.8 billion), ASII (IDR 172.7 billion), and ANTM (IDR 73.0 billion), while the largest foreign net buys were seen in TPIA (IDR 349.3 billion), BRPT (IDR 97.0 billion), and BBRI (IDR 93.3 billion). Top leading movers were BBRI, BRPT, and TLKM, while top lagging movers were BMRI, BREN, and ASII.

 

This morning, both KOSPI (+0.18%) and Nikkei (+1.43%) opened higher. Today, we expect the JCI to rise, supported by positive sentiment across regional markets.

 

Share This:

Highlights

Download PDF

Download PDF

RSH-260721
RSH-260721 - English

Download PDF

RSH-260721
RSH-260721 - English

More Related

Morning Briefs

Sep 18, 2026

Samuel Daily Research 18 September 2026

Economic Reports

Sep 17, 2026

Samuel Economic Update Fed Rate Meeting: 17 September 2026

Morning Briefs

Sep 17, 2026

Samuel Daily Research 17 September 2026

Company Reports

Sep 16, 2026

POWR: AI Power Play – Not Rated

Morning Briefs

Sep 16, 2026

Samuel Daily Research 16 September 2026

Company Reports

Sep 15, 2026

TOTL: Building AI Backbone – Not Rated

Morning Briefs

Sep 15, 2026

Samuel Daily Morning Sunburst 15 September 2026

Morning Briefs

Sep 14, 2026

Samuel Daily Morning Sunburst 14 September 2026

Economic Reports

Sep 14, 2026

Samuel Morning Macro – Weekly Wrap 14 September 2026

Morning Briefs

Sep 14, 2026

Samuel Sunburst Fixed Income 14 September 2026

Economic & Fixed Income

Sep 11, 2026

Samuel Sunburst Fixed Income 11 September 2026

Morning Briefs

Sep 11, 2026

Samuel Daily Morning Sunburst 11 September 2026

Morning Briefs

Sep 10, 2026

Samuel Daily Morning Sunburst 10 September 2026

Economic Reports

Sep 9, 2026

Samuel Economic Update Indonesia Consumer Confidence Index : 9 September 2026

Company Reports

Sep 9, 2026

JPFA: BUY (Maintained), TP at 2,800 – 2Q26 Results

Morning Briefs

Sep 9, 2026

Samuel Daily Morning Sunburst 9 September 2026

Morning Briefs

Sep 8, 2026

Samuel Daily Morning Sunburst 8 September 2026

Economic Reports

Sep 7, 2026

Samuel Economic Update: Indonesia Foreign Exchange Reserves 7 September 2026

Morning Briefs

Sep 7, 2026

Samuel Daily Morning Sunburst 7 September 2026

Sep 4, 2026

Samuel Daily Morning SunBurst 26 August 2026

Morning Briefs

Sep 4, 2026

Samuel Daily Morning SunBurst 4 September 2026

Morning Briefs

Sep 3, 2026

Samuel Daily Morning SunBurst 3 September 2026

Morning Briefs

Sep 2, 2026

Samuel Daily Morning SunBurst 2 September 2026

Economic Reports

Sep 1, 2026

Samuel Economic Update: Balance of Trade 1 September 2026

Economic Reports

Sep 1, 2026

Samuel Economic Update: Indonesia August Inflation 1 September 2026

Economic Reports

Sep 1, 2026

Samuel Economic Update: Indonesia Manufacturing PMI 1 September 2026

Morning Briefs

Sep 1, 2026

Samuel Daily Morning SunBurst 1 September 2026

Economic Reports

Aug 31, 2026

Samuel Monthly Macro Monitor 31 August 2026

Morning Briefs

Aug 31, 2026

Samuel Daily Morning SunBurst 31 August 2026

Morning Briefs

Aug 28, 2026

Samuel Daily Morning SunBurst 28 August 2026

laba bris

Company Reports

Aug 27, 2026

BRIS: BUY (Maintained), TP at 2,250 – 2Q26 Results

Morning Briefs

Aug 27, 2026

Samuel Daily Morning SunBurst 27 August 2026

Morning Briefs

Aug 24, 2026

Samuel Daily Morning SunBurst 24 August 2026

Aug 24, 2026

Morning Macro – Weekly Wrap 24 August 2026

Economic Reports

Aug 21, 2026

Samuel Economic Update: Current Account Balance 2Q26 21 August 2026

Morning Briefs

Aug 21, 2026

Samuel Daily Morning SunBurst 21 August 2026

Economic Reports

Aug 21, 2026

Morning Macro Monitor 21 August 2026

Company Reports

Aug 20, 2026

KLBF: Attractive Buying Opportunity – BUY with IDR 950 TP

laba ISAT

Company Reports

Aug 20, 2026

ISAT: One-off Gain from FiberCo Transaction – BUY with IDR 3,200 TP

Morning Briefs

Aug 20, 2026

Samuel Daily Morning SunBurst 20 August 2026

Economic Reports

Aug 20, 2026

Morning Macro Monitor 20 August 2026

Economic Reports

Aug 19, 2026

Samuel Economic Update: Bank Indonesia’s 7-Day Reverse Repo Rate 19 August 2026

Company Reports

Aug 19, 2026

DEWA: Operating Earnings Inflection Ahead – BUY with IDR 600 TP

ICBP laba

Company Reports

Aug 19, 2026

Samuel Company Corner: INDF IJ 19 August 2026

laba indofood cbp

Company Reports

Aug 19, 2026

Samuel Company Corner: ICBP IJ 19 August 2026

tren harga CPO

Company Reports

Aug 19, 2026

CPO: Godzilla El Niño: Coming Soon!

Morning Briefs

Aug 19, 2026

Samuel Daily Morning SunBurst 19 August 2026

Economic Reports

Aug 19, 2026

Morning Macro Monitor 19 August 2026

Economic Reports

Aug 18, 2026

Morning Macro – Weekly Wrap 18 August 2026

Morning Briefs

Aug 18, 2026

Samuel Daily Morning SunBurst 18 August 2026

Company Reports

Aug 14, 2026

JGLE: JungleLand Journey – Not Rated

Morning Briefs

Aug 14, 2026

Samuel Daily Morning SunBurst 14 August 2026

Economic Reports

Aug 14, 2026

Morning Macro Monitor 14 August 2026

Morning Briefs

Aug 13, 2026

Samuel Daily Morning SunBurst 13 August 2026

Economic Reports

Aug 13, 2026

Morning Macro Monitor 13 August 2026

internet rakyat

Company Reports

Aug 12, 2026

WIFI: Better Times Ahead – BUY: IDR 5,200 TP

Harga Nikel Stabil di Tengah Tekanan Global

Company Reports

Aug 12, 2026

BUMI: Coal Glows, Gold Shines – BUY with IDR 300 TP

Morning Briefs

Aug 12, 2026

Samuel Daily Morning SunBurst 12 August 2026

Economic Reports

Aug 12, 2026

Morning Macro Monitor 12 August 2026

Morning Briefs

Aug 11, 2026

Samuel Daily Morning SunBurst 11 August 2026

Economic Reports

Aug 11, 2026

Morning Macro Monitor 11 August 2026

Economic Reports

Aug 10, 2026

Samuel Macro Weekly Warp 10 August 2026

Economic Reports

Aug 10, 2026

Samuel Economic Update: Indonesia Consumer Confidence Index 10 August 2026

Morning Briefs

Aug 10, 2026

Samuel Daily Morning SunBurst 10 August 2026

Economic Reports

Aug 7, 2026

Samuel Economic Update: Indonesia Foreign Exchange Reserves 7 August 2026

Kinerja BBNI

Company Reports

Aug 7, 2026

BBNI: 2H26: Down, But Not Out – BUY: IDR 4,700 TP

laba bank bca

Company Reports

Aug 7, 2026

BBCA: Modest Growth – BUY: IDR 7,150 TP

laba bank bmri

Company Reports

Aug 7, 2026

BMRI: Best of the Big Banks – BUY: IDR 5,800 TP

Morning Briefs

Aug 7, 2026

Samuel Daily Morning SunBurst 7 August 2026

Economic Reports

Aug 7, 2026

Samuel Morning Macro Monitor 7 August 2026

kinerja bbtn

Company Reports

Aug 6, 2026

BBTN: 2H26: Worse, but priced in | BUY: IDR 1,450 TP

Morning Briefs

Aug 6, 2026

Samuel Daily Morning SunBurst 6 August 2026

Economic Reports

Aug 6, 2026

Samuel Morning Macro Monitor 6 August 2026

Economic Reports

Aug 5, 2026

Samuel Morning Macro Monitor 5 August 2026

Economic Reports

Aug 5, 2026

Samuel Economic Update :Gross Domestic Product 2Q26 5 August 2026

brms

Company Reports

Aug 5, 2026

Company Corner: BRMS (BUY | TP: IDR 900)

Morning Briefs

Aug 5, 2026

Samuel Daily Morning SunBurst 5 August 2026

Economic Reports

Aug 4, 2026

Samuel Morning Macro Monitor 4 August

Morning Briefs

Aug 4, 2026

Samuel Daily Morning SunBurst 4 August 2026

Economic Reports

Aug 3, 2026

Samuel Economic Update: Indonesia July Infaltion 3 August 2026

Economic Reports

Aug 3, 2026

Samuel Economic Update: Balance of Trade 3 August 2026

Company Reports

Aug 3, 2026

Company Corner : MIKA IJ 3 August 2026

Economic Reports

Aug 3, 2026

Samuel Economy Update: Indonesia Manufacturing PMI: 3 August 2026

Morning Briefs

Aug 3, 2026

Samuel Daily Morning SunBurst 3 August 2026

Economic Reports

Aug 3, 2026

Samuel Monthly Macro Monitor 3 August

Morning Briefs

Jul 31, 2026

JCI is Expected to Move Up Today

Economic Reports

Jul 31, 2026

Samuel Morning Macro Monitor 31 July 2026

Economic Reports

Jul 30, 2026

Samuel Company Corner: UNVR IJ

Economic Reports

Jul 30, 2026

Samuel Economic Update: Fed Rate Meeting 30 July 206

Morning Briefs

Jul 30, 2026

JCI is Expected to Move Sideways Today

Economic Reports

Jul 30, 2026

Samuel Morning Macro Monitor 30 July 2026

Morning Briefs

Jul 29, 2026

JCI is Expected to Move Up Today

Economic Reports

Jul 29, 2026

Samuel Morning Macro Monitor 28 July 2026

Morning Briefs

Jul 28, 2026

JCI is Expected to Move Up Today

Economic Reports

Jul 28, 2026

Samuel Morning Macro Monitor 28 July 2026

Morning Briefs

Jul 27, 2026

JCI is Expected to Move Sideways Today

Morning Briefs

Jul 24, 2026

JCI is Expected to Decline Today

Economic Reports

Jul 24, 2026

Samuel Daily Macro Insight 24 July 2026

Morning Briefs

Jul 23, 2026

JCI is Expected to Sideways Today