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Fundamental Report

Global equity markets traded mixed on Thursday. Asian markets were down by 0.3% (144.0), while EU and US were up by 1.0% (347.8) and 0.6% (17,266). South Korean shares retreated by 0.7% (2047.7) as participants were securing their profits after several days of market rally. Hyundai Motor Group shares tumbled after the firm bid US$10B for a plot of land in Seoul's Gangnam district; Hyundai Motor tumbled over 9% while Kia Motors shed 8%. Still the downward momentum was checked by more upbeat performance of Nikkei: Japanese shares rose 1.1% (16067.6), as the yen weakened 0.3% (¥108.7/US$) to a fresh six-year low against the dollar. Meanwhile, European shares closed higher on Thursday after an announcement from the European Central Bank on how it will make key decisions in the future. Market speculated that the ECB might launch a QE program as early as May 2015. Across the ocean, U.S. stocks rose on Thursday, as investors continued to relish the Federal Reserve's renewed vow to keep benchmark rates low, and on the positive developments in job markets: economic reports Thursday had the number of Americans filing for jobless benefits dropping 11.4% to a two-month low. Moving to our domestic markets, the Jakarta Composite Index ascended by 0.4% (5,208) following positive sentiment in the global financial market:participants were delighted with the FOMC decision to maintain its benchmark rate at 0.25%, thus ensuring investment towards emerging markets stays intact. Thus, having all the above sentiments, today we project the JCI to trade within 5,170-5,240.

Headline News
  • UNVR facing higher new palm oil plant costs
  • JPFA downgrades capex to Rp1.4tr
  • ADHI slashes 2014 profit target on slowdown
  • SMCB finalizes loans of Rp2tr
  • BBRI delays acquisition until next year
  • TLKM eyes EXCL towers
  • MEDC to hold down debt

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    Technical Report

    Jakarta Composite Index (JCI) : Sideways

    Estimasi indeks (19-Sept-14): 5.170-5.240

  • Inflasi Agustus tercatat di 4.0%, sesuai ekspektasi
  • Neraca perdagangan Indonesia pada Jul14 tercatat surplus US$124jt (vs estimasi defisit US$406jt)
  • Suku bunga acuan BI dipertahankan pada 7,5%
  • Ulasan teknikal:
  • Resisten IHSG di level 5.250
  • Tren naik sejak Des13 telah patah; potensi sideways di 4.830-5.100
  • Area 5.100-5.250 menjadi area profit taking
  • Basis support di 4.840 untuk akumulasi MT trading

  • Our Best Trading Ideas For Today
    ASII Add Potensi MT trading range di 7.150-8.000
    WIKA Add Potensi ST trading 2.800-2.900
    LPPF Red Potensi ST trading 15.700-17.000



    Potensi MT trading 1.750-1.950


    Red Breakout MT trd range 9.700-10.600; target di 11.500


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