DISCLAIMER

This research report is prepared by PT MINNA PADI INVESTAMA Tbk for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).

Sabtu, 27 April 2013

Morning Dew - 29 April 2013

Key Points
  • JCI maintained its footing throughout the week but fatigue was clearly visible. A new all-time high set at 5,026.92 has not been followed through by another strong push upwards. Hence, corrective wave is still a possibility in the coming week. Supports are seen at 4960-62; 4941; 4921-26; and 4896 before the key 4856. Resistances are expected at 5016 and 5027 before it can clear the way towards 5120 en route to 5284. 
  • U.S. GDP grew less than expected in 1Q as growth was reported at 2.5% annually compared to 0.4% growth in 4Q12. Initially, the consensus came in at 3%. Growth in 1Q13 was supported by consumer spending which took the biggest chunk of the economy as it rose the most since 4Q10. Thomson Reuters/U of Michigan consumer sentiment  index for April also came in below expectation.
  • Next week U.S. Data will feature a busy schedule with the releases of the key non-farm payrolls, unemployment rate, personal income and consumption as well as trade balance, pending home sales and the US ISM index for manufacturing and non-manufacturing sectors.
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