KIWOOM EQUITY LUNCH RESEARCH SEPTEMBER 21, 2021
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21 Sep 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.74% to the level of 6,031.38


Market Prediction (Session 2)

JCI : The index had broken down our second support flow and closed back above the second support. JCI will still fluctuate with a tendency to weaken.

  • BTPS : The price had breakdown to support and closed at support II. If the price is closed above support and the next candle does not continue the bearish candle, the price still has a chance to strengthen. Be careful if the price remains closed below support level.
  • FPNI : The price managed to touch the second target at 296 (+5.71%). The price was unable to hold in the positive area and reversed by breakdown to support. The support tolerance is at 258. If the price does not return above the support, the price will move sideways again with a tendency to weaken.
  • SILO : The price closed in correction and still in our buying range. 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 8,925. Be careful if the price closed below support level.
  • WOOD : The price closed in correction and still in our buying range. . 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 740 - 745. Be careful if the price closed below support level.


News

  • Throughout semester I-2021, PT Indofood Sukses Makmur Tbk (INDF) managed to record a net profit growth of 20.8% year on year (yoy) to IDR 3.43 trillion. Meanwhile, INDF's revenue also grew 20.1% yoy to IDR 47.29 trillion.
  • PT Sarana Menara Nusantara Tbk (TOWR) obtained loans from a number of banks through its two subsidiaries, namely PT Professional Telekomunikasi Indonesia (Protelindo) and PT Iforte Solusi Infotek (Iforte) worth a total of IDR 14 trillion.




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