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Fundamental Report

Global equity markets traded southwards on Wednesday. Asian, EU and US were all down by 0.3% (148.2), 0.7% (341.1) and 0.2% (17,080), respectively. Japanese benchmark Nikkei index fell 0.5% (15459.9) as the yen rose 0.2% (103.7), with automakers among the hardest hit: Nissan and Toyota Motor fell nearly 1.0%. Meanwhile, European shares closed lower as investors digested events in Ukraine, with Kiev officials accusing Russia of launching a fresh military incursion across its eastern border (Ukraine's Security and Defense Council claimed the town of Novoazovsk has fallen to the Russian military). Across the ocean, U.S. stocks declined on Thursday as participants were securing their profits after several days of rally, despite the upbeat reports on the U.S. economy and the labor market. Figures from the Commerce Department showed revised gross domestic product (GDP) rising at a 4.2% annualized pace in 2Q14 (vs. an earlier estimate of 4.0%), while the Labor Department reported that Americans filing for jobless benefits held steady at 298,000 last week. Moving to our domestic markets, the Jakarta Composite Index rose by 0.4% (5,184) as participants continued hunting for bargains, optimistic that the coming government transition will be smooth. Having all above sentiments, today we expect the JCI to trade within 5,150-5,200.

Headline News
  • JPFA to receive working capital loan Rp300.0m
  • SMGR: Looks to property sector
  • ADRO: company profits sink further amid fall in coal price
  • TLKM: signs $250m deal to make internet traffic hub

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    Technical Report

    Jakarta Composite Index (JCI) : Sideway

    Estimasi indeks (29-Agust-14): 5.150-5.200

  • Inflasi Juli tercatat di 4.5%, sesuai ekspektasi
  • GDP 2Q14 sedikit di bawah perkiraan pasar, tercatat di 5,12% (vs estimasi 5,2%)
  • Suku bunga acuan BI diperkirakan 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
    AALI Add Potensi MT trading range di 25.500-29.500
    ASII Add Potensi ST trading range di 7.550-8.000
    ASRI Add Potensi ST trading range 500-560



    Potensi sideways market di 1.050-1.300


    Red Potensi sideways market di 5.800-6.500


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