KIWOOM EQUITY LUNCH RESEARCH OCTOBER 04, 2021
View PDF
04 Oct 2021

Market Review (Session 1)

In session 1, JCI closed positive 1.50% to the level of 6,322.44.


Market Prediction (Session 2)

JCI : The index closed higher and breakout from our flow resistance. JCI has the potential to continue strengthening to the next resistance at 6,356. Support is at 6,286.

  • BJBR : The price closed 1,425 (+1.4%) 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.
  • DMAS : The price managed to touch the first target at 210 (+3.96%), high 212 (+4.95%). The price still has a chance to continue strengthening to the next target at 214-216. The new benchmark is at 204. Confirmation for further strengthening if the price breaks up to 212. Be careful if the price goes down below support level.
  • PTPP : The price managed to touch the first target at 1,180 (+2.6%), the highest at 1,200 (+4.3%). The price still has a chance to strengthen to the next target at 1,240 – 1,270. Confirmation for further strengthening if the price moves to break up to level 1,180. Be careful if the price goes down below support level.
  • SMDR : The price managed to touch the first target at 735 (+3.5%), highest at 745 (+4.9%). The price still has a chance to strengthen to the next target at 790 – 800. Confirmation for further strengthening if the price breaks up to level 745. Be careful if the price goes down below support level. 


News

  • PT Sidomulyo Selaras Tbk (SDMU) posted a decline in revenue performance in the first half of this year. SDMU's revenue was recorded at IDR 41.14 billion. That number slightly decreased by 3.60% from revenue as of June 30, 2020, which was IDR 42.68 billion.
  • PT Adaro Energy Tbk's (ADRO) coal export sales increased. From ADRO's financial report in the first half of 2021, sales of the third party coal segment from the export market grew by 21.88% yoy to US$ 1.17 billion. Meanwhile, domestic sales amounted to US$ 304.59 million, up 7.8% yoy. 





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