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Fundamental Report

Global equity markets traded mostly northwards on Monday. Asian and EU were up by 0.1% (148.1) and 0.3% (342.9), while US market was closed for Labor Day. Japan's benchmark Nikkei extended gains by 0.3% (15476.6) as the yen weakened 0.2% ( ¥104.4/US$). The weaker currency lifted exporters (Sharp, Fanuc, and Nintendo rallied over 1.0%) as it improves their overseas earnings. Meanwhile, European stocks rose as participants were anticipating the announcement of further monetary stimulus measures on the European Central Bank meeting later this week. However, the upward momentum was restrained by the ongoing conflict in Ukraine; European Union is working on contingencies if Moscow turns off the gas pipes in retaliation to additional sanctions. Moving to our domestic markets, the Jakarta Composite Index rose by 0.8% (5,178) as inflation was recorded in line with expectation in August (only rose 4.0% YoY), giving the participants hope that consumer prices will remain under control. Having all above sentiments, today we expect the JCI to trade within 5,160-5,210.


Headline News
  • New Mining Contracts to be signed in January
  • ANTM: Loss in the 1H14
  • WSKT to strengthen toll road business
  • EXCL to sell shares worth of Rp1.3tr
  • Rajawali acquires BWPT through purchase of BVI firms

  • Download Fundamental Daily Report

    Technical Report

    Jakarta Composite Index (JCI) : Sideway

    Estimasi indeks (02-Sept-14): 5.160-5.210

    Katalis:
  • Inflasi Juli tercatat di 4.5%, sesuai ekspektasi
  • Neraca perdagangan Indonesia pada Jul14 tercatat surplus US$124jt (vs estimasi defisit US$406jt) 
  • 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
    TLKM Add Potensi ST trading range 2.650-2.800
    ASII Add Potensi ST trading range di 7.550-8.000
    ICBP Add Potensi MT trading range di 10.600-11.500

    WIKA

    Red

    Potensi trading range 2.500-2.900

    ADRO

    Red Potensi sideways market 1.050-1.350



     
     



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