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).

Senin, 09 September 2013

Morning Dew - 10 September 2013

Key Points
  • JCI opened the week on a firm footing as the index soared almost 3%. The rally was not unexpected as the reserve data released late on Friday boosted ailing sentiment and pushed the rupiah up against the USD. Regionals also fared well at the start of the week, with Nikkei gained more than 2% and Hang Seng index gained 0.57%. While the data was better than expected, the market will want to see if things will hold in the months ahead and not just a one-hit wonder.
  • The rally took the JCI close to its resistance at 4206.95 but the rise was capped at 4191.26 for now. With the positive foreign buying and with the echoes coming from last Friday's reserve data, the JCI is expected to continue its ascend on Tuesday, eyeing the resistance at 4206.95 first and subsequently, 4373. Constraints may come from the looming FOMC meeting as well as potential military intervention by the US on Syria (which could boost oil price in the short-run).
  • No changes in view on the recommendations, but the climb is expected to continue after the US stocks also ended the beginning of the week on a positive tone.
Click here to download the full update (PDF)
Diposting oleh di 13.56
Label:

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)