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, 26 Februari 2014

Morning Dew - 27 February 2014

Lack of Catalysts

Weakness continued to hit the JCI on Wednesday as the index skid for nearly another 1% to end at 4,532.72. 

There is hardly any fresh catalysts from both domestic and overseas at the moment, which could be the trigger for some profit-taking actions seen recently.  As we are closing in towards the general election, politics will slowly gaining prominence in investors’ mind sooner or later.

On the corporate front, the earnings season continues to unfold as more companies are reporting their 2013 performance results.

USDIDR bounced to 11,669 from 11,620 on Wednesday.

MLPL & MPPA

MLPL reported a sterling performance for 2013. Net profit jumped to 1,415,091 million IDR from 28,636 million, while revenue advanced 16.05%. Assets and liabilities  were  up by 43.77% and 60.31%, respectively.

MPPA’s net profit climbed 101.73% to IDR444,905 million in 2013. Revenue rose 9.61%. Both assets and liabilities were down by 20.01% and 25%, respectively.

Technically Speaking...

The rout continued on Wednesday, sending the JCI to 4,532.72 or down for another 1% after a while back reached 4,665. 

Recent peak-turned-support at 4,477 will be the nearest key support line for JCI, whereas the 200-day EMA at 4,440 will be the subsequent support area. Nearer support will be at 4,510 as this was the prior resistance-turned-support.

Nearest resistance is seen at around 4,665, Friday’s high. Meanwhile, 4,791 will be the next hurdle to crack should 4,650 gives way.

MACD continued to tick down, capping the upside potential at the moment while volume gradually ticks up. RSI has made its turn lower, but still near the overbought area. Positive Dow overnight may lend a boost to JCI this Thursday.

Day Ahead

JCI is still expected to rebound after some sharp falls. Lack of new catalysts is likely to send stocks searching for directions from earnings report still in progress at the moment. Rebound in US stocks overnight after a solid new home sales data may provide some footing for the JCI.

Click here to download the full update (PDF)
Diposting oleh di 13.45
Label:

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)