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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, 28 Oktober 2014

Morning Dew - 29 October 2014

Moving On

JCI fell again as investors now shift their focus on the next issue on the agenda: fuel price hike. How much and how soon as well as how to deliver it will be the questions surrounding the market right now as well as how bad will it influence the economy.

Concerns about how the new cabinet will be able to work effectively and efficiently is also among the factors dragging the JCI at the moment.

NISP – net profit increased 12% from Rp838b to Rp942b in 9M14 as net interest income reached Rp2.7t, up 20% from Rp2.3t. 

TOBA – revenues were up to US$389.73 million from US$297.49 million, net profit almost doubled from US$8.74 million to US$17.04 million.

OCAP – recorded net loss of Rp15.79b, as revenues fell from Rp5.54b to Rp5.32b in 9M14.

USDIDR climbed to 12,158 on Tuesday, up from 12,042 seen on Monday.

Earnings Season

CMPP – net profit hit Rp2.67b in 9M14, up from Rp123.42 million in 9M13. Revenues were down from Rp86.12b to Rp81.54b.

ROTI – net profit soared 44.92% in 9M14 to Rp131.66b from Rp90.85b seen last year. Revenues were up from Rp1.05t to Rp1.36t.

RDTX – net profit jumped 24.49% from Rp140.1b to Rp174.42b in 9M14. Revenues were up from Rp302.14b to Rp337.46b.

BAPA – booked net profit of Rp1.54b in 9M14, down from Rp2.45b (9M13) despite revenues were up from Rp20.27b to Rp26.25b.

Technically Speaking...

JCI fell again on Tuesday as the index briefly hit below 5,000, near the 100-day EMA after failing to capitalize on last week rally attempt above the 50-day EMA.

Downside, the psychological support 5,000 will be the first support, followed by the 200-day EMA at around 4,900 will be the subsequent cushion for the JCI, afterwards support area lies at 4,835-4,840 (prior congestion area).

On the upside, 5,150 is the next resistance, followed by 5,200 and another one at 5,251, ahead of the all-time record high at 5,262. 

The MACD has started turn lower while slipped after previously approaching the overbought area.

While we expect the upside potential remains intact, the odds for the index to slip further has also increasingly probable. Nevertheless, the index is seen returning to its consolidation range between 4,900 and 5,100.

Day Ahead

With the political dynamics losing its attraction, the market will move on the next issue on the table: the fuel price hike. Last year’s hike had the economy shaken significantly but this time around the surprise factor is seen less significant as President Jokowi already “socialized” the matter during his presidential election campaign.

Diposting oleh di 15.47
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