These listed companies have the potential to receive the blessings of the US presidential election.

Reporter: Ika Puspitasari | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Metals and minerals mining companies are seen as having a positive sentiment if Joe Biden is elected President of the United States (USA).

Jarvis Asset Management’s chief marketing officer, Kartika Sutandi, said investment in the green energy sector will grow if Joe Biden succeeds in defeating Donald Trump.
By way of information, Biden promised to disburse US $ 2 trillion for the clean energy sector. Thus, the industry of electric vehicles or solar panels has bright prospects in the future.

“Yes green energy definitely raw material like copper Used in everything that has electricity, tin is also used as a conductor, nickel as a raw material for batteries, and silver for solar panel components, we have them all, ”Kartika told Kontan.co.id on Monday (2/11).

With the development of green industry, you see that there will be an increase in the demand for these mining products. Also, if Biden is elected president, he will provide more stimulus than Trump.

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With this increased stimulus, the exchange rate of the US dollar will weaken against the rupee and it is expected that it may increase the prices of raw materials. Therefore, Kartika sees that the shares of the gold mining sector are also prospective.

He defended shares of nickel producers such as Aneka Tambang (ANTM) and Vale Indonesia (INCO), gold mining shares such as Merdeka Copper Gold (MDKA) and United Tractors (UNTR), and shares of tin issuers such as Timah (TINS).

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Meanwhile, Kiwoom Sekuritas Indonesia analyst Sukarno Alatas said that if Donald Trump was re-elected as president of the United States, the trade war with China would continue and uncertainty would increase.

“Export-oriented sectors can benefit because Trump is now against Chinese products. So that products from Indonesia can enter, ”he said. As for the stocks that can turn a profit if Trump returns to become president, they include Sri Rejeki Isman (SRIL) and Gajah Tunggal (GJTL).