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Fundamental Report

Global equity markets traded mixed on Thursday: Asia slid by 0.2% (140.3), while EU and U.S. went up by 0.6% (330.7) and 1.3% (17,195).Asian markets downward momentum was propelled by South Korean shares; they nicked down by 0.1% (1958.9) after September factory output missed expectations, rising just 0.1% MoM after a 3.9% drop in August. Meanwhile, European stocks ended the day higher, following the release of Eurozone economic data in October MoM: German unemployment rate held steady at 6.7%, while euro consumer confidence rose to 100.7 (better than market estimate of 99.7).Across the ocean, U.S. stocks jumped after data showed U.S. annualized gross domestic product grew at a 3.5% 3Q14, bolstered by a smaller trade deficit and a rise in defense spending. This further propelled participants’ optimism about the world’s largest economy, after it officially ended its massive bond-buying program yesterday.Moving to our domestic markets, the Jakarta Composite Index descended by 0.3% (5,059), as participants secured their profits from previous day’s rally. Thus, having all the above sentiments, today we expect JCI to be trading within 5,010-5,090.

Headline News
  • Construction: PTPP Net Profit up by 33% YoY, WSKT grows by 9.3% YoY in 9M14
  • SIDO: books small profit increase in 9M14
  • KAEF to diversify
  • BBCA, BBNI post healthy profits
  • PTBA to book 1.58Rpbn in 3Q14
  • TINS to book solid 3Q14 profits

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    Technical Report

    Jakarta Composite Index (JCI) : Sideways

    Estimasi indeks (31-Okt-14): 5.010-5.090

  • Inflasi September tercatat di 4.5% YoY (sesuai ekspektasi pasar)
  • GDP China tercatat di 7.3% YoY pada 3Q14
  • Program QE3 AS resmi berakhir pada Okt14
  • Ulasan teknikal:
  • Resisten IHSG di level 5.250; potensi konsolidasi di 4.840-5.250
  • Minor resisten di 5.100-5.150; area rawan profit taking
  • 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
    PGAS Add Potensi sideways di 5.700-6.100
    TLKM Add Potensi sideways di 2.550-2.850
    BBRI Red Potensi ST trading range di 9.900-10.900



    Potensi sideways market di 5.800-6.500


    Red Breakdown MT trd range 12.600-14.000; target di 11.200


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