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Fundamental Report

Global equity markets traded mixed on Friday: Asian fell by 0.8% (133.7), while EU and US bourses went up by 2.7% (318.7) and 1.6% (16,380), respectively. Asian markets were dragged down by the Japanese market (fell by 1.4% at 14,533), most likely influenced by profit taking in automobile producers: Nissan Motor and Toyota Motor tanked at 3.7% and 2.6%, while Canon also slipped, by 1.9%. Meanwhile, European shares ascended as traders were attempting to hunt out some bargains after the ECB signaled they intend to commence their bond purchases within the next few days. Across the ocean, U.S. stocks rallied after upbeat reports on newest economic data: the Commerce Department on Friday reported new-home construction climbed 6.3% in August (signaling improvement in the U.S. residential real-estate market), while consumer sentiment in October outperformed market expectation at 86.4 (versus a 84.0 estimate). In the meantime, release of 3Q14 financial result by the US, as well as monetary expansion in China, has added more positive sentiments to markets: it was reported that China plans to inject CNY200bn (US$32.7bn) liquidity into selected national and regional lenders, to stimulate economic growth, following last month’s CNY500bn additional liquidity for top 5 banks. Moving to our domestic markets, the Jakarta Composite Index rose by 1.6% (5,029), as participants were hunting for blue-chip bargains. Thus, having all the above sentiments, today we project the JCI to trade upwards, within 4,990-5,100.

Headline News
  • IPO Update: Blue Bird cuts IPO proceeds target
  • WSKT expands into apartment projects
  • ANTM finalizing 3-year loan for smelter
  • BALI to invest Rp1.0tr
  • TOTL targets Rp2.5tr in revenue

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    Technical Report

    Jakarta Composite Index (JCI) : Up

    Estimasi indeks (20-Okt-14): 4.990-5.100

  • Inflasi September tercatat di 4.5% YoY (sesuai ekspektasi pasar)
  • Neraca perdagangan Indonesia pada Agustus14 tercatat defisit US$318jt (vs estimasi surplus US$130jt)
  • Suku bunga acuan BI dipertahankan di level 7,5% pada Oktober14
  • Ulasan teknikal:
  • Resisten IHSG di level 5.250; potensi konsolidasi di 4.840-5.250
  • Minor resisten di 5.100-5.150
  • Basis support di 4.840 untuk akumulasi MT trading;
  • Jika breakdown support 4.840, basis reakumulasi di 4.600

  • Our Best Trading Ideas For Today
    BBRI Add Minor resisten di 10.900-11.100
    ASII Add Potensi ST trading di 6.200-7.100
    AKRA Add Potensi trading range 4.700-5.200



    Level 16.300-16.400 area rawan profit taking


    Red LT trading range 9.700-11.500


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