KIWOOM EQUITY LUNCH RESEARCH SEPTEMBER 20, 2021
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20 Sep 2021

Market Review (Session 1)

In session 1, JCI closed negative 1.17% to the level of 6,061.41


Market Prediction (Session 2)

JCI : The index closed down and breakdown below our support flow. JCI could continue to decline to the support at 6,047 if it does not return above level 6,086.

  • ASSA : The price managed to touch the second target at 3,430 (+7.2%), the highest at 3,490 +(9.1%) and closed at 3,400 (6.3%). The price still has a chance to continue strengthening if it does not move back below level 3,370. Ideally the price stays above level 3,370 to maintain the upward trend. Be careful if it closed by turning into a bearish candle.
  • CPIN : The price closed in correction and breakdown below support at 6,550. If the price does not return above the support, the price will continue its decline to the next support. If it is able to go up back above the support, there is a chance to strengthen again.
  • MTDL : The price in closed 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 levels of 2,910 – 2,970. Be careful if it closed below support level.
  • SCMA : The 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 895. Be careful if it closed below support level.


News

  • PT Limas Indonesia Makmur Tbk (LMAS) during the first six months of 2021 had to be satisfied with experiencing a surge in losses attributable to the owners of the parent entity, which was recorded at IDR 2.98 billion, up from a loss of IDR 915.87 million.
  • PT FKS Multi Agro Tbk (FISH) Throughout the first six months of 2021, it managed to record a profit for the current period of USD 16.21 million, an increase of 132.70% from the same period the previous year of USD 6.96 million.





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