Market Review (Session 1)

In session 1, JCI closed with positive 0.77% at level of 5,805.22. Indonesia's trade balance has a surplus of US $ 2.19 billion, the highest in a year.

Market Prediction (Session 2)

JCI: The index has managed to strengthen and is approaching our resistance flow at 5,817. JCI has the opportunity to continue strengthening to the resistance at level of 5,828. For support level at 5,798.

• BBAP: The price managed to hit the first target at 89 (+2.29%) and the highest at 90 (+3.44%). The price still has the opportunity to continue strengthening to the next target. Ideally, the price should close above level 88 to continue strengthening, otherwise the price may fall to support.
• DOID: The price closed down and is still in our buying range. The price had strengthened to the level of 396 (+2.06%) or below 1 tick from the first target. The price still has a chance to strengthen again as long as the price can hold above support level. Confirmation for the buy signal, wait for it become bullish again or breakup to level of 388.
• ERAA: Price closed stagnant and formed doji candle. The price still has a chance to strengthen if it closes above level 590. Be careful if it closes below level 580, the price will test support (buy on weakness) and be careful in case of the price breakdown below support level.
• SCMA: The price closed stagnant and formed a dragonfly doji candle pattern. The price still has the opportunity to strengthen again. Confirmation for the buy signal, wait for the price become bullish again or break up to level 1,490. Be careful if the next candle forms bearish, the price could fall towards the support.

News

• PT Chandra Asri Petrochemical Tbk. (TPIA) has made the initial settlement of the cash tender offer on May 19, 2021. The Company, said that TPIA had completed the initial settlement of the cash tender offer to purchase a maximum of USD75 million of the principal amount owed on USD300 million 4.95% of the senior guaranteed bonds with maturity in 2024.
• PT MNC Land Tbk (KPIG) is ready to develop the Lido West Java Tourism Special Economic Zone (KEK). To support this plan, this MNC Group subsidiary plans to a private placement. KPIG will issue a maximum of 8.06 billion shares, equivalent to 10% of the issued and fully paid-up capital.

PT Kiwoom Sekuritas Indonesia (KSI)

Treasury Tower 27th Floor Unit A, District 8 Kawasan SCBD Lot 28

Jl.Jend.Sudirman Kav 52-53, Jakarta Selatan 12190

Telp : +62 21 5010 5800

Fax. +62 21 5010 5820

Website : www.kiwoom.co.id