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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Indonesia stock market strategy: Rotational play, back to the `fallen angels

  • Harry Su


| Wed, March 18 2009 | 02:33 pm

PREMIUM In 2008, domestic plays deemed as "safe havens" like Unilever (UNVR), banks (BCA, and BRI) and Perusahaan Gas Negara/ PGAS outperformed the market. On the flip side, commodity-related counters underperformed the market last year with Bakrie Sumatera (UNSP), down 89 percent, followed by Bumi Resources/BUMI (-85 percent), Bayan Resources (BYAN) (-84 percent) and Aneka Tambang/ANTM (-76 percent...