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).

Minggu, 29 September 2013

Morning Dew - 30 September 2013

Key Points
  • Doubts concerning the start of Fed's tapering as well as the budget debate in Washington were the two major catalysts weighing on the JCI last this week. The index ended 3.5% lower, positioning it back below the EMA envelope on the daily chart, which is viewed as negative for the coming week outlook. Nevertheless, the downside is also seen limited as bad news have been mostly out, leaving the only risk coming from budget showdown at Washington.
  • Among key data set for release next week are the China Manufacturing PMI for September, US ISM for both manufacturing and non-manufacturing sectors in September, and as usual, the nonfarm payrolls for September. In addition, some Fed speakers are also scheduled to be held. Bernanke, Yellen, Stein, and Powell are set to speak and the market will search for fresh clues over the timing of the Fed's beginning of its tapering.
  • There is no change in view on the active recommendations. So far, only MDLN and PGAS are giving positive results. MLPL is the worst performer so far as it trailed 6.33% off its entry point while ARNA got down 3.41% at the moment. No new additions of recos for now.
Click here to download the full update (PDF)
Diposting oleh di 08.05
Label:

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)