Picking Property Stocks Amid VAT Incentives
The government has announced an extension of the duration of the value added tax (VAT) discount for the property sector.
This can be beneficial for property issuers. Senior Investment Information Mirae Asset Sekuritas Muhammad Nafan Aji Gusta assessed that the government's move to extend the VAT discount incentive is in line with the goal of maintaining the momentum of Indonesia's economic growth. "This VAT stimulus is also one that we should appreciate. Because it really helps the community, for example in order to run and maintain an increase in property sales," In addition, for property sector shares this year, Nafan said it would also be driven by property sales performance. lower middle class. Not to mention, Bank Indonesia estimates that it will still set the benchmark interest rate at 3.5 percent at tomorrow's meeting. "The property sector can also benefit from government policies that maintain fiscal incentives," he added. Nafan projects that on a daily basis the IDX Property 7 Real Estate Property Sector Index will still stay above the MA20 and start a bullish consolidation to determine the direction of performance of property-based issuers going forward.
|•SOURCE•| Articles :BISNIS | Image :KJAKKP |
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