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).

Selasa, 10 September 2013

Morning Dew - 11 September 2013

Key Points
  • JCI soared nearly 4% on Tuesday, tracking gains from the Dow overnight and as economic data released last Friday had boosted the ailiing sentiment. Arms confiscation offer deal was also among the positive catalysts as war will be averted that way. Agriculture and mining stocks were hit however, as improving rupiah condition is seen negative for both sectors. The next big thing for the market will be the FOMC meeting which is expected to deliver its first reduction of stimulus, the prelude for higher rates in the US and eventually the world.
  • JCI took out the resistance at 4206.95 rather easily and has been approaching its subsequent target at 4373. This was a key support which now turns into resistance, which is also within proximity of the wave equality target at 4383. Once JCI clears 4373-4383 the next hurdle will be 4563. Beyond the latter will suggest that the worst could've been over for the index. Downside, the index is expected to be well-supported at 4206.95.
  • There's still no additions to the recommendations list, but so far the best performing reco is PTPP (+10.53%), followed by PGAS (+5.88%) and JPFA (+2.61%). ARNA and MDLN are still underwater with 1.14% and 1.47% declines, respectively. No change in view at the moment.
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Diposting oleh di 14.07
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