Market Prediction
JCI was strengthening 0.09% yesterday. Today's economic
data released are the manufacturing index and
Indonesia's inflation figures for August period. Both of
these data seem to be still low considering that August
period was still in a fairly tight PPKM condition.
JCI managed to close higher with a bullish candle and is
still holding above level 6,138. The stochastic golden cross
indicator, MACD histogram is moving in a positive
direction (potential golden cross line) and volume is
increasing again. JCI still has the chance to move higher to
the resistance levels of 6,179 – 6,203. If JCI moves bearish
again and breaks down to below level 6,138, it can
continue going down to support range of 6,097 – 6,114.
Commodities Review
- Oil prices closed down 1% in the previous session
and posted their first monthly loss since March.
The price correction occurs because demand is
expected to fall after Hurricane Ida closed oil
refineries in the United States (US) Gulf of
Mexico.
- Gold prices managed to close higher on the last
day of August. The gains came as the US dollar
weakened, but gains slowed as some investors
remained cautious ahead of August US non-farm
wage data due later this week.
Macro Economic News
- Retail Sales in South Korea decreased 0.60
percent in July of 2021 over the previous
month.
- The official NBS Manufacturing PMI for
China fell to 50.1 in August 2021 from 50.4
a month earlier and below market
expectations of 50.2.
- The consumer confidence index in Japan
inched down by 0.8 points from the
previous month to 36.7 in August of 2021.
Corporate news
- PT Nusantara Infrastructure Tbk (META) recorded a decline in performance throughout the first
semester of 2021. META's revenue was recorded at IDR 476.6 billion. This figure decreased by 49.96%
compared to the same period the previous year of IDR 952.6 billion.
- PT Sumber Alfaria Trijaya Tbk (AMRT) during the first six months of 2021 was able to boost performance
with a record net profit attributable to owners of the parent entity was recorded at IDR 853.28 billion,
an increase of 72.99 percent from net profit of IDR 493.25 billion the previous year.
- PT Buyung Poetra Sembada Tbk (HOKI) until the first semester of 2021 recorded a net profit attributable
to owners of the parent entity of IDR 7.56 billion, a fall of 67.73 percent compared to the same period
last year which reached IDR 23.98 billion.
- PT Nusantara Infrastructure Tbk (META) until the first semester of 2021 recorded a net profit of IDR
24,223 billion, down 34.23 percent compared to the same period in 2020 which reached IDR 36.89
billion.
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
