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Fundamental Report

Global stock markets traded mixed on Friday: Asian and U.S. markets edged down by 0.1% (146.2) and 0.4% (18,133), while EU bourses rose by 0.4% (392.2), respectively. Hang Seng, the Hong Kong index closed down 0.3% (24823.3), as a broadly dismal picture in the financial sector capped the bourse's advances: Bank of China slid 0.7%, while Bank of Communications and Industrial and Commercial Bank of China shed 0.5% and 0.2% each. Founder Securities and Citic Securities lost over 1.0% each. Meanwhile, European equities seesawed before finishing higher on Friday, ahead of the launch of the European Central Bank's quantitative easing program: the ECB is set to launch its €60.0bn a month money-printing program in March, with details of the scheme to be discussed at its planned meeting next week. Across the ocean, U.S. shares closed modestly lower on the last trading day of the month on Friday following the release of 2014 GDP data: the U.S. 4Q14 gross domestic product was revised to show growth of 2.2%, a drop after a final reading of 5.0% in the third quarter. Moving to our domestic markets, JCI traded flat, as participants continued to maintain their wary stance ahead of an announcement of economic data next week (Feb15 YoY inflation is projected at 6.7%). Today, having positive sentiments from regional markets, we project JCI to continue trading within range of 5,430-5,480.

Headline News
  • JPFA: a squeeze on profits
  • SIMP & LSIP to grow significantly
  • PLIN records 974% in net profit growth
  • ASII projected to stagnate
  • IMAS books Rp 147bn loss
  • JSMR delays benefit from increase of toll road fees

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    Technical Report

    Jakarta Composite Index (JCI) : Sideways

    Estimasi indeks (02-Mar-15): 5.430-5.480

  • Inflasi Jan15 lebih baik dari ekspektasi di 7.0% (vs proyeksi 7.5%) 
  • Angka PDB 2014 tercatat di 5,0%, inline dengan ekspektasi di 5,1%
  • BI Rate turun 25bps ke level 7,5%
  • The Fed diperkirakan pasar masih akan mempertahankan suku bunga di 0.25%
  • Ulasan teknikal:
  • Tren naik sejak Okt14 masih solid
  • IHSG breakout resisten level 5.250; target berada di 5.600-5.650 
  • Basis support throwback market di 5.250

  • Our Best Trading Ideas For Today
    BMRI Add Potensi ST sideways di 11.700-12.200
    AKRA Add Breakout pola inverted H&S; target head di 5.200-5.250
    LSIP Add Potensi LT sideways di 1.750-2.050



    Minor resisten di 24.000-25.000 rawan profit taking


    Red Potensi sideways market di 14.300-19.500


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