KIWOOM EQUITY LUNCH RESEARCH AUGUST 10, 2021
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10 Aug 2021

Market Review (Session 1)

In session 1, JCI closed negative 1.29% to the level of 6,048.15


Market Prediction (Session 2)

JCI : The index closed down to 6,048 (-1.30%). JCI is still expected to continue its decline to our support flow level at the range of 6,029 – 6,034.

  • AMRT : Price closed in correction and still in our buying range. The price still has a chance to strengthen as long as the price maintain above support level. Confirmation to buy if the price is bullish again and breaks up to level 1,450. Be careful if the price closed below support level.
  • ASSA : Price closed stagnant forming a doji candle. . The price still has a chance to strengthen as long as the price maintain above support level. Confirmation to buy if the price is bullish again and breaks up to level 2,870. Be careful if the price closed below support level.
  • KIOS : The price just touched the first target at 1,230 and the highest at 1,280 (+9.87%). The price still has a chance to strengthen again because it was closed in a bullish candle with volume still increasing. Be careful if it is closed by a bearish candle or goes down below support.
  • LPPF : Price only touched the first target at 2,130 and the highest at 2,190 (+5.79%). There is still a chance for the price to strengthen again if it remains closed with a bullish candle. Be careful if it is closed by a bearish candle or a support breakdown.


News

  • PT Indorama Synthetics Tbk (INDR) during the first six months of 2021 managed to achieve net profit which increased by 3.57% and net income grew 44.3% compared to the same period in the previous year.
  • PT Protech Mitra Perkasa Tbk (OASA) achieved a satisfactory performance in the first half of 2021. OASA recorded a net income of 192.83% to IDR 3.18 billion, while the first semester of 2020 posted only IDR 1.08 billion.





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