KIWOOM EQUITY LUNCH RESEARCH SEPTEMBER 08, 2021
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08 Sep 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.92% to the level of 6,055.90

Indonesia's consumer confidence index dropped 2.9 points to 77.3 in August from 80.2 in the previous month, amid further restrictions to contain the spread of the coronavirus.


Market Prediction (Session 2)

JCI : The index closed down and touched our support flow area. If JCI breaks our second support again, JCI can continue to the next support at 6,021.

  • CENT : Price closed in correction and still above support II. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 342. Be careful if the price closed below support level.
  • CTRA : Price closed breakdown below support. The price could continue the decline to the support at 910. May use buy on weakness strategy in the next support area. Be careful if it closed below support level at 910.
  • JPFA : Price closed in correction and still above support II. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return. Be careful if the price closed below support level.
  • SAME : Price closed in correction and still above support II. The price still has a chance to strengthen if it closed above support. Confirmation to buy is wait for bullish return. Be careful if the price closed below support level. 


News

  • PT Modernland Realty Tbk (MDLN) earned IDR 368.65 billion in revenue for the period 30 June 2021. An increase of 30.2% compared to IDR 283.02 billion in the same period the previous year.
  • PT Timah Tbk (TINS) recorded a fairly good financial performance in semester I/2021. TINS recorded its revenue fell 27 percent to IDR 5.87 trillion compared to the same period the previous year of IDR 8.03 trillion.




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