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).

Rabu, 21 Agustus 2013

Morning Dew - 22 August 2013

Key Points
  • JCI rebounded on Wednesday after setting its intraday low at 4150.24. The index bounced to as high as 4261.44 but eventually settled the day at 4218.45. No change in view that the index will remain vulnerable as Fed tapering looms large. The upside is seen well capped at 4373 for now while the downside is seeing its next support at 4016 and 4000 afterwards. FOMC minutes released last night points at another potential slide on Thursday's session.
  • FOMC minutes from the Fed's July meeting showed that the board members were supporting the plan for cutting stimulus this year on the condition that the economy improves. Currently, the board members are expecting the economy to improve in the second half 2013 and to strenghten further. Despite some fluctuation in the job data recently, it is expected that the Fed will make its move next September.
  • ARNA, MDLN, and PGAS have met their entry prices while ULTJ remains unfilled for now. Currently, only IMAS in the green, while the rest of the recommendations are still in the red. No change on the recommendations at the moment.
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