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, 17 Agustus 2014

Morning Dew - 18 August 2014

CAD Expanded

Current account deficit (CAD) has expanded in the 2Q14 to US$9.1billion or 4.27% of GDP. In prior quarter the CAD was at 2.05% of GDP while compared to the same quarter a year earlier it was at 4.47% of GDP. 

For the next two quarters, the BI Governor expects CAD to fall as exports of mineral-ore to resume after some large miners have struck an agreement with the government. For 2014, CAD is expected to be around 3% of GDP or around US$27bn, which is lower than US$29bn (3.3% of GDP) seen last year.

JCI ended down on Friday as profit taking continued, sending the index to finish 6.5 points lower or 0.1% below Thursday’s close.

USDIDR inched higher and finished Friday’s session at 11,693 per US$ from 11,667 per US$ on Thursday.

MBSS Press Release

Concerning the recent suspension of MBSS, the matter has been solved as Great Dyke has withdrawn the case from PKPU after the amount claimed has been paid on August 15th. The payment worth US$2,932,635.

According to MBSS, there is no crucial impact on the company over the case settlement, and as the case has been settled, the suspension on the stock should be revoked early next week.

Technically Speaking...

JCI broke through the 5,165 resistance last week, but failed to hold on to its gains as the index slipped back below 5,165.

Near-term, 5,165 is still considered as resistance, although its significance has been reduced. Subsequent resistance lies at 5,251, the all-time record high.

Near-term supports are seen at 5,165, the recent key resistance turned support, 5,039 and 5,000, followed by 4,950, the former EMA-50 resistance now turned as support. 

MACD has ticked up into the positive area after a string of declines into the negative area.  RSI has turned lower again after several failed attempts to move higher while volume also inched lower on Friday.

ADRO, SMRA and WSKT recos are still awaiting their entry prices to be filled. Please check the details on the table below.

Week Ahead

Indonesian political drama is supposedly set for a closing finale as MK will deliver its decision on midweek. It is expected that there will be no change in the election result, while on the least likely scenario is the repeat of the election. If election dispute is to be settled once and for all next week, the next attraction point will be who will sit in the cabinet.

Diposting oleh di 10.16
Label:

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)