Market Prediction
JCI closed down 0.52% last week, market players took
anticipatory steps due to Indonesia's economic data which
was released gave negative information.
JCI closed higher with a bullish candle. The stochastic
indicator is back in golden cross, MACD histogram is
moving negative (line is weak) and volume is down. If JCI
is bullish again, there is still a chance for JCI to strengthen
again to the nearest resistance at the range of 6.123 –
6.150. If JCI moves bearish, JCI will move back to support
at the range of 6.047 – 6.066.
Commodities Review
- Crude oil prices managed to strengthen at the
weekend after being supported by signs of
tighter supply in the United States (US) as a result
of Hurricane Ida. Additional support also came
from US-China trade hopes.
- Gold prices weakened in weekend trading, amid
uncertainty over the tapering deadline from the
Federal Reserve. With the dollar rising this week,
gold is also on track to mark its first weekly decline
in five weeks.
Macro Economic News
- The UK trade deficit widened to GBP 3.1
billion in July of 2021 from GBP 2.5 billion in
the previous month. It was the largest trade
shortfall since last December.
- Producer prices for final demand in the US
were up 0.7% mom in August of 2021, the
lowest reading in 3 months and compared
with market forecasts of 0.6%.
Corporate news
- PT Tunas Alfin Tbk (TALF) posted a decline in sales in the first semester of 2021. Profit for the period
attributable to TALF in the first semester of 2021 was recorded to have fallen by 48.67 percent, from the
previous IDR 5.40 billion to IDR 2.77 billion.
- PT FKS Food Sejahtera Tbk (AISA) scored a satisfactory financial performance in the first semester of
2021, which managed to book a profit for the year attributable to owners of the parent entity of IDR
14.25 billion. Meanwhile, in the same period last year, the company still recorded a loss of up to IDR
33.93 billion.
- The performance of the hotel company PT Eastparc Hotel Tbk (EAST) was recorded to improve in the
first semester of 2021. Eastparc pocketed revenue of IDR 21.67 billion in the first half of this year. This
achievement grew 39.54% from the same period the previous year which was recorded at IDR 15.53
billion.
- During the July-August 2021 period, PT Summarecon Agung Tbk (SMRA) succeeded in increasing its
achievements of marketing sales by around IDR 370 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
