KIWOOM EQUITY LUNCH RESEARCH SEPTEMBER 14, 2021
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14 Sep 2021

Market Review (Session 1)

In session 1, JCI closed positive 0.48% to the level of 6,117.40


Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle. The index is still expected to tend to move higher because the index tends to be sideways.

  • BJBR : The price closed slightly higher with a bearish candle The price still has a chance to strengthen if it closed above support. If the next candle is bearish again, the price may continue towards the support at 1,300. Confirmation to buy is wait for bullish and breakup to level 1,345 or if it goes down support and maintain above support. Be careful if the price closed below support.
  • BKSL : The price managed to touch the first target at 73 (+5.7%), the highest at 75 (+8.69%). The price still has a chance to strengthen again if it closed in bulluish candle. If the next move becomes bearish, the price can go to support first before continuing to strengthen.
  • EXCL : the price managed to cross the second target at 2,800 (+3.32%), high at 2,950 (+8.85%) and close at 2,940 (+8.48%). The price still has a chance to strengthen to the next target at 2,980 – 3,070. The benchmark for next support is at 2,800. Be careful if it fails to hold above level 2,800.
  • MNCN : Price closed in correction and still above support II. The price still has a chance to strengthen if the price closed above support. Confirmation to buy is wait for bullish return and breakup to level 890. Be careful if the price closed below support.


News

  • After recording a loss of USD 10.80 million in the first semester of 2020, PT Gunung Raja Paksi Tbk (GGRP) managed to record a profit for the first semester of 2021 at USD 22.63 million.
  • PT Bakrie Sumatera Plantations Tbk (UNSP) during the first 3 months of 2021 was able to reduce the net loss attributable to owners of the parent entity to IDR 310.87 billion, or a decrease of 79.52 percent from a net loss of IDR 1.52 trillion in the same period in 2020.





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