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  Equity Research HeadStart Today
HeaDstart 09-09-2016 (english version)

IDX mission 5.500 continues

Altough plagued by frequent bouts of selling by the bear camp we remain confident that the continued buying in big cap index drivers and selected second liners by the bull camp should provide buoyancy for the development of what seems to be forming of legs to support another round of upside fireworks to take out short term resistance at 5.410 and 5.470. Thus recommend adding positions to support the upcoming  long delayed IDX mission to 5.500.

Support: 5.310-5.220-5.160, Resistance: 5.410-5.470-5.525


Stock picks: (BUY: BMRI, LSIP, ASII, PWON)

1. Bank Mandiri (BMRI) (Trading target: Rp.11.650)

Entry (1) Rp.11.225, Entry (2) Rp.11.175, Cut loss point: Rp.11.075


2. London Sumatra Plantation (LSIP) (Trading target Rp.1.650)

Entry (1) Rp.1.585, Entry (2) Rp.1.565, Cut loss point: Rp.1.545


3.  Indofood  (INDF) (Trading target Rp.8.750-9.000)

Entry (1) Rp.8.400, Entry (2) Rp.8.250,  Cut loss point: Rp.8.100


4. Pakuwon (PWON) (BUY) (Trading Target Rp.680)

Entry (1) Rp.630. Entry (2) 615, cut loss point: Rp595



(Disclaimer on) This document has been prepared by PT.KGI Sekuritas Indonesia.  The information has been compiled from public source, which we believe to be reliable but no representation or warranty, express or implied is made as to accuracy, completeness or fairness of the information and opinions contained in this document. Information and opinion contained herein are used to assist recipients, but are not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipients as of this date. Any opinion and expressed in this report are subject to change without notice and PT. KGI Sekuritas Indonesia is not under obligation to update or keep current the information contained herein. This report is not, and should not be construed as, an offer or solicitation to buy or to sell any securities. PT. KGI Sekuritas Indonesia accepts no liabilities whatsoever for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in any information contained in this report. No part of this report may be produced, distributed or published without the written permission of PT. KGI Sekuritas Indonesia. All rights reserved


 Yuganur Wijanarko Senior Research (yuganur.wijanarko@kgi.com)

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