Market Prediction
In yesterday's trading, JCI managed to gain 0.38% to the
level of 6,658.
On Monday, the government issued a policy of loosening
restriction on PPKM through the opening of water tourism
in areas that apply PPKM levels 2 and 1. In addition,
children under 12 years of age are permitted to enter the
attractions.
JCI closed higher with a bullish candle. The stochastic
indicator is in the overbought area, MACD histogram is
moving positive (bullish line) and volume is increasing. If
JCI moves bullish again, there is a chance to test the
resistance at 6,693, if it breaks up from that, JCI can
continue to the resistance at 6,734. If it moves bearish, JCI
can go down to the support at 6,620 first, if it breaks down
from that, it will continue to the support at 6,573.
Commodities Review
- Global crude oil prices resumed their rise as the
energy crisis hit the market heading into winter.
Macro Economic News
- The Chinese economy expanded 4.9
percent year-on-year in the third quarter of
2021, easing sharply from a 7.9 percent
growth in the previous period and slightly
missing market consensus of 5.2 percent.
- China's retail trade rose by 4.4 percent yearon-year in September 2021, following a 2.5
percent increase in the previous month and
beating market expectations of 3.3 percent,
as consumption strengthened after COVID19 outbreaks in some regions were brought
under control.
- Industrial production in China rose 3.1
percent year-on-year in September 2021,
easing from a 5.3 percent advance in the
previous month and missing market
forecasts of a 4.5 percent rise.
Corporate news
- PT Bali Towerindo Sentra Tbk (BALI) until the third quarter of 2021 recorded a net profit of IDR 133.96
billion or a 166 percent jump compared to the same period in 2020 which was only IDR 50.238 billion.
- PT Arwana Citramulia Tbk (ARNA) until the third quarter posted a net profit of IDR 347.44 billion, an
increase of 57.01 percent compared to the same period in 2020 which was recorded at IDR 221.5 billion.
- PT Industri Jamu Dan Pharmasi Sido Muncul Tbk (SIDO) posted sales growth of up to 23% on an annual
basis or year on year (yoy) to IDR 2.78 trillion. In the same period last year, SIDO recorded sales of IDR
2.26 trillion.
- Until September 2021, the achievement of PT PP Presisi Tbk's (PPRE) new contract has exceeded this
year's target or reached 130% of the target of IDR 4.7 trillion. The achievement of the new contract grew
241% year on year (yoy) from the achievement of the new contract until September 2020 of IDR1.9
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
