Market Prediction
JCI at the last minute in yesterday's trading jumped by
more than 2% to the level of 6,286.
The strengthening of JCI was driven by an increase in BBCA
stock which jumped 6.38% to the level of 35,000. In
addition to BBCA, several bigcap banking stocks also rose,
BBRI 2.94%, BMRI 2.50 % and BBNI 2.87%.
Meanwhile, Indonesia's PMI manufacturing index for the
September period was expansionary at 52.2, this figure is
far above expectations that were previously expected to
remain contracted below 50. On the other hand,
Indonesia's inflation data for the September period is also
scheduled for release today.
JCI closed higher with a bullish candle. The stochastic
indicator is bullish, MACD histogram is moving positive
(bullish line) and volume is down. If JCI moves bullish
again, it could strengthen again to the resistance at the
range of 6,356 – 6,387. If JCI moves bearish, JCI is expected
to pull back first to support at the range of 6,239 – 6,263.
Commodities Review
- Oil futures prices moved slightly in late trading
Thursday (30/9) on reports China is ready to buy
more oil and other energy supplies to meet rising
demand.
- Gold prices shot up nearly 2% on the last day of
September. The positive sentiment for gold came
after the United States (US) dollar fell on dismal
weekly jobs figures.
Macro Economic News
- The Business Survey Index (BSI) on business
conditions in the manufacturing sector in
South Korea fell by 5 points to 90 in
September of 2021 from 95 in the previous
month, the lowest since March.
- The official NBS Manufacturing PMI for
China unexpectedly was at 49.6 in
September 2021, compared with market
expectations and August's figure of 50.1.
- The Caixin China General Manufacturing
PMI rose to 50.0 in September 2021 from
49.2 in the prior month and beating market
estimates of 49.5.
Corporate news
- PT Gudang Garam (GGRM) during the first six months of 2021 recorded a net profit attributable to
owners of the parent entity of IDR 2.35 trillion, down 38.40 percent from the same period the previous
year of IDR 3.82 trillion.
- PT Sawit Sumbermas Sarana Tbk (SSMS) managed to record revenue of IDR 2.34 trillion for the period
of June 30, 2021, an increase of 32.2% from revenue in the same period the previous year, which was
IDR 1.77 trillion.
- PT Pelangi Indah Canindo Tbk (PICO) posted an increase in revenue in the first half of this year. Based
on the financial report as of June 30, 2021, PICO's revenue was recorded at IDR 202.43 billion. That
number increased by 15.98% compared to revenue in the same period the previous year of IDR 174.53
billion.
- PT Alam Sutera Realty Tbk (ASRI) scored marketing sales of Rp 2 trillion until August 2021. This
achievement is equivalent to 62.5% of the marketing sales target of IDR 3.2 trillion throughout 2021. The
number of marketing sales has grown 9% from the same period in the previous year, which was recorded
at IDR 1.8 trillion.
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
