KIWOOM EQUITY LUNCH RESEARCH OCTOBER 01, 2021
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01 Oct 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.81% to the level of 6,236.13

The Consumer Price Index in Indonesia decreased 0.04 percent in September of 2021 over the previous month.


Market Prediction (Session 2)

JCI : The index closed down and moved within the range of our support flow. JCI's correction is reasonable because it has increased significantly.

  • BBRI : The price closed at 3,900 (+1.3%) and was in a positive trend. The price still has a chance to strengthen again as long as it closed above support. Be careful if the price goes down below support level.
  • ICBP : The price closed slightly higher with a bullish candle. The price still has a chance to strengthen again as long as it closed above support. Confirmation for further strengthening if the price moves to break up to level 8,400. Be careful if the price goes down below support level.
  • INKP : The price closed down slightly and is still in our buying range. The price still has a chance to strengthen again as long as it closed above support. Confirmation for further strengthening if the price breaks up to level 8,725. Be careful if the price goes down below support level.
  • MAPI : The price closed down and is still in our buying range. The price still has a chance to strengthen again as long as it closed above support. Confirmation for further strengthening if the price moves bullish and breaks up to level 790. Be careful if the price goes down below support level.


News

  • PT Perusahaan Gas Negara (PGAS) in the first half of 2021 recorded revenues of USD 1.46 billion. Slightly down 0.43 percent compared to the same period in the year amounting to USD 1.47 billion.
  • The performance of PT Multi Indocitra Tbk (MICE) grew in the first semester of 2021, which posted net sales of IDR 357.28 billion. That number increased by 8.45 percent compared to the same period last year of IDR 329.41 billion.





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