KIWOOM EQUITY LUNCH RESEARCH OCTOBER 14, 2021
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14 Oct 2021

Market Review (Session 1)

In session 1, JCI closed positive 1.04% to the level of 6,605. 


Market Prediction (Session 2)

JCI : Index successfully closed higher and breakup to our flow resistance. If it is able to stay above level 6,600, there is a chance to continue strengthening or if it fails to break up, JCI can go down to level 6,605.

  • JPFA : The price closed down slightly and is still in the buying range. The price still has a chance to strengthen as long as it stays above support. Next buy confirmation, wait for bullish return and break up to level 1,920. Be careful if the price goes down below support level.
  • CTRA : The price closed the first target of 1,095 (+2.3%). The next benchmark support is at 1,070. The price has the opportunity to continue the strengthening trend to the next target if it does not return to the bearish move. Be careful if the price can't hold above level 1,070.
  • PNBN : The price managed to close the second target of 815 (+4.5%), the highest was 835 (+7.1%). The next benchmark support is at 795. The price has a chance to continue the upward trend to the target of 880. Be careful if the price can't hold on above 795.
  • SMGR : The price managed to touch the second target of 8,800 (+6%), the highest was 8,925 (+7.5%). The closest benchmark support is at 8.525. The price has a chance to continue the strengthening trend if it does not move back below level 8,525. The next target is 9,250 and the second target is 9,575. Be careful if the price goes below level 8,525.
  • UNVR : The price closed higher and still in a positive trend. The price still has the opportunity to continue the strengthening trend as long as it still in bullish candle or maintain above support. Be careful if the price goes down below level 5,275.


News

  • PT Pratama Widya (PTPW) revised the new contract target this year to 65% of the original contract target of IDR 387 billion to IDR 252 billion. Until the end of September 2021, the new contract value reached was IDR 196 billion.
  • PT Bank Jago Tbk (ARTO) still pocketed a net loss of IDR 38.13 billion in the first quarter of 2021. This loss swelled 50.26% year on year (YoY) from the previous IDR 25.37 billion at the end of the same period the previous year. 





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