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).

Kamis, 30 Oktober 2014

Morning Dew - 31 October 2014

And More Earnings…

JCI fell on Thursday after the index rallied in prior session. The setback took the index back to 5,058 or down 0.3% as the consolidation continues within a wide range of 4,900-5,100.

More earnings reports are pouring in as we near the end of October, which is also the deadline for listed companies to submit their 9M14 reports.

BBCA – net interest income for 9M14 climbed 22.9% from Rp24.5t (9M13) to Rp30.1t. Net interest margin improved from 6.0% last year to 6.5%. Net profit grew 17.7%, up from Rp10.4t to Rp12.2t.

ASII – net profit for 9M14 grew from Rp13.46t to Rp14.49t as revenues came in at Rp150.58t, up from Rp141.84t seen last year.

USDIDR barely changed on Thursday as the pair stood at 12,165, slightly up from 12,163 seen on Thursday.

Earnings Season

MYOH – revenues were up to Rp2.25t from Rp1.74t while net profit increased from Rp135.84b to Rp215.47b.

SMCB – net profit for 9M14 decreased to Rp569.69b from Rp599.13b a year earlier despite the revenues grew to Rp7.5t from Rp6.87t.

RALS – revenues slipped in 9M14 to Rp4.63t from Rp4.7t, sending the net profit for the period to Rp339.72b against Rp344.61b seen a year ago.

BSDE – booked net profit of Rp3.21t in 9M14 vs. Rp2.15t in 9M13. Revenues came in at Rp3.91t, down from Rp4.22t seen last year.

Technically Speaking...

JCI slipped on Thursday to end at 5,058 after it hit 5,100 in prior session, 

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 barely changed while the RSI was up slightly.

Upside and downside potentials seem to be in balance as the index is seen returning to its consolidation range between 4,900 and 5,100.

ANTM exit yesterday has brought the open recommendations down to six stocks at the moment.

Day Ahead

More earnings reports are expected this week as the month is closing in. The fuel price hike was said to commence before new year begins but there are still no definite statements regarding how much and when the fuel price will be raised. For now, expect the JCI to continue to gyrate between 4,900 and 5,100. Strong Dow is expected to support the regionals on Friday on the back of solid US GDP report.

Diposting oleh di 13.16
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