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, 18 Mei 2014

Morning Dew - 19 May 2014

Three-Way Race?

As the presidential election comes closer, the market continues to wait for clarity surrounding who will be the running mate for Joko Widodo, the candidate from PDI-P. On the other hand, Prabowo Subianto from Gerindra is said to be partnering with Hatta Rajasa while Golkar and Partai Demokrat are still undecided but could potentially open up the third coalition.

In Ukraine, rebels have asked to join Russia in the latest development in the troubled country. The rebels have stayed away from national talk to solve the crisis. While the Russian parliament has allowed Putin to protect Russian speakers abroad, Russia will not send troops into eastern Ukraine. Instead the Russian Foreign Ministry insisted that Kiev immediately halt military action in the southeast of Ukraine.

USDIDR continues to slide as it fell to 11,415 from 11,487 on Friday.

Housing Swells, Confidence Dips

Housing starts were up 13.2% MoM in April, way above the consensus of 3.6% increase and more than the monthly pace seen in March (+2%). Building permits also jumped 8%in and same month, reversing a 1.1% decline in prior month and also better than the expected 1.3% increase.
University of Michigan confidence index dips in May as preliminary data shows. The consensus take was 84.5 but the data showed decline from 84.1 to 81.8.

Technically Speaking...

JCI finally cleared the resistance at 5k opening the next move higher to 5,063/93. 
Beyond the resistance at 5,063/93 the index will aim at 5,251 – the all-time high seen last year.

MACD turned positive already while RSI also ticked up, along with a jump in volume. 

CSAP has been added again to the pool of recommendations. This time the stock is seen heading towards  425. Risk is set below 240, and entry is set around 275-285.

DILD has been added to the pool of recommendations. The target is set at 560/570 and 660 with stop set below 440 and entry price around 480-490.

MTDL has been added to the pool of recos with target set at 450, stop below 330 and suggested entry around 345-355.

Week Ahead

Expect the fog on the political landscape to clear the upcoming week as contending pairs for presidential election are likely to be announced officially sometime next week. A three-way presidential race is likely to be the case next July.  Ukraine will remain as a thorn to market sentiment, while US calendar will be light throughout the week.

Diposting oleh di 12.53
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