KIWOOM EQUITY LUNCH RESEARCH SEPTEMBER 15, 2021
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15 Sep 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.19% to the level of 6,117.26.

Indonesia recorded a trade surplus of 4740 USD Million in August of 2021.


Market Prediction (Session 2)

JCI : The index closed slightly lower with a bearish candle. JCI is still moving inside the previous candle. There is a chance to strengthen to the nearest resistance if it breaks up to level 6,130.

  • ADRO : Price closed higher with a bullish candle. The price still has a chance to continue strengthening if it closed above support. Confirmation for the further strengthening if it is able to break up to level 1,405. Be careful if the price closed below support.
  • ISAT : The price closed higher with a bullish candle. The price still has a chance to continue strengthening if it closed above support. Confirmation for the further strengthening if it is able to break up to level 7,125. Be careful if the price closed below support.
  • MAIN : Price closed in correction and still in our buying range. The price still has a chance to continue strengthening if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 800. Be careful if the price closed below support.
  • SCMA : The price was closed in correction and still in our buying range. . The price still has a chance to continue strengthening if it closed above support. Confirmation to buy is wait for bullish return and breakup to level 2,170. Be careful if the price closed below support.


News

  • PT Royal Prima Tbk (PRIM) in the first semester of 2021 scored a net profit attributable to owners of the parent entity of IDR 63.14 billion. The total net profit increased by 2,657.20% compared to the same period in 2020 which was IDR 2.29 billion.
  • The financial performance of PT Megalestari Epack Sentosaraya Tbk (EPAC) was less than satisfactory in the first semester of 2021. EPAC sales were recorded at IDR 78.61 billion. That number shrank 5.93 percent from sales in the same period last year of IDR 83.57 billion.





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