Welcome to HD Website      
Back to main page
  Equity Research Weekly Market Outlook
Weekly Market Outlook 19-09-2016 (english version)
Bull is back in charge
 
IDX holds ground: Selling by the bear camp on regional volatility had evolved into a corrective move until we saw a low of 5.142 on the index, however buying in big cap index drivers and second liners by the bull followers had managed to turn events upside down from disaster to a positive stance for future near term upside fireworks to the upper end of 5.370 and yearly high at 5.470. Thus it seems that the bearish camp scenario of the IDX revisiting the lower end of 5.140 or even 5.100 may not be in the cards now, and we call a more bullish scenario to the upside.
 
Daily stuff stirred, weekly not shaken: We look that although the daily chart does show some minor technical damage nevertheless the index on a weekly or Friday close did not touch the weekly low of 5.140 and close above. Further technical confirmation such as a close above the previous monthly low of 5.280 suggest that near to medium upside remains with the bull.
 

Stock picks & 1-week targets: (BUY: ASII, BBNI , GJTL, TLKM)


1. Astra International (ASII)  (BUY) (Trading target: Rp.8.550-8.750) 

Entry buy (1) Rp.8.125, Entry buy (2) Rp.8.075, Cut loss point: Rp.7.975

 

2. Bank BNI  (BBNI) (BUY) (Trading target: Rp.5.950)

Entry (1) Rp.5.525, Entry (2) Rp.5.425, Cut-loss point: Rp.5.325

 

3. Gajah Tunggal (GJTL) (BUY) (Trading target Rp.1.615-1.645)

Entry: (1) Rp.1.510, Entry (2) Rp.1.490, Cut loss point Rp.1.470

 

4. Telekomunikasi (TLKM) (BUY): (Trading target Rp.4.350-4.350) 

Entry: (1) Rp.4.170, Entry (2) Rp.4.120, Cut loss point Rp.4.040

 

 

(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)

©2012-2019 - PT. Himalaya Energi Perkasa Tbk. - All rights reserved