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).

Selasa, 25 November 2014

Morning Dew - 26 November 2014

Stepping Back

JCI took a step back on Tuesday as it settled the day down at 5,118 after recent strength which propelled it above 5,100.

Monetary stimulus in China and potentially coming from Europe have provided support for the global markets recently, contrasting with the ones seen back home and in the U.S. which scrapped the QE.

Golden Plantation offers its stocks to the public at the range of Rp250-Rp300 per share with a total of 800 million shares or 21.82% from its equity. From the IPO, the company aims at gaining Rp240bn of fund which will be used to acquire PT Bailangu Capital Investment aand PT Persada Alam Hijau while the other 32% will be used for capital expenditures and working capital. About 80 million shares will be allocated for ESA. CIMB Securities is the sole underwriter of this IPO.

USDIDR was up on Tuesday, hitting 12,166 vs. 12,122 seen on Monday.

Agris, ASII, LPIN

Bank Agris offers its shares to the public to raise a maximum of RP103.5bn for new branches (30%) as well as for loans (70%). The company offers 900 million shares priced at Rp105-115 per share, equal to 21.25% of the bank’s total equity.

ASII: The giant automaker is facing at possible stagnant car sales in 2015 as the impact of higher subsidized fuel prices spills over the industry. So far this year, the 10-month sales have reached 525,976 units vs. 1.03 million units of nationwide sales. The figure however, translates to 2% lower market shares of Astra (51%) compared to last year.

LPIN: Net income fell to Rp51.07bn vs. last year Rp59.66bn in 9M14, net losses increased to Rp11.29bn from Rp9.91bn.

Technically Speaking...

JCI took a breather of Tuesday after recent strength but still maintaining its position above 5,100.

However, should the index fails to follow through the recent gains, it will risk returning to the bottom end of the recent consolidation range around 4,900.

Need to see if the index can maintain its position above 5,150. If it can, a clean and decisive break beyond the 5,150 will bring the index to test 5,200 and subsequently 5,251, ahead of the all-time record high at 5,262. 

The MACD ticked down a bit but relatively stable, while RSI also maintains its position around the neutral zone.

Wednesday is seen contained within recent the trading range between 5,000-5,250 as the index is expected to continue its consolidation.

Day Ahead

Rates euphoria fades in Europe and U.S., as the market took a pause after recent gains. The closest thing will be the release of US nonfarm payrolls in the first Friday in December. For JCI, the fading euphoria will put a strain on the index’s bid to break through its historical peak. Still, the odds of doing that remains open as the index is expected to maintain its position above 5k on the back of the optimism over the realizations of Jokowi’s government programs.

Diposting oleh di 15.38
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