Market Prediction
Last week, JCI tended to be flat, but managed to close up
0.16% and close at 6,643.
On the other hand, the sectoral stock index which rose
significantly, financial sector by 2.52%. The sector index
that fell was energy sector with a decline of 4.90%.
JCI closed higher with a bullish candle. The stochastic
indicator is weak, MACD histogram is positive but down
(bullish line) and volume is down. If JCI moves bullish
again, there is a chance to test the resistance at the range
of 6,687 – 6,693. If JCI moves bearish again, it could return
to support 6,602 and support II at 6,585.
Commodities Review
- Crude oil prices closed higher again at the end of
trading Friday (10/22/2021) following the
sentiment of low supply, despite concerns that the
low demand due to the Covid-19 pandemic is still
not over.
Macro Economic News
- The United Kingdom’s GfK Consumer
Confidence index fell for the third straight
month to -17 in October of 2021 from -13 in
the prior month, compared to market
expectations of -16.
- Japan's consumer prices rose by 0.2 percent
year-on-year in September 2021,
rebounding from a 0.4 percent drop a
month earlier and posting the first annual
gain since August 2020.
- Retail sales in the UK unexpectedly dropped
0.2% mom in September of 2021, following
a downwardly revised 0.6% fall in August,
and compared to forecasts of a 0.5%
increase.
- The IHS Markit Eurozone Composite PMI fell
to 54.3 in October 2021, from 56.2 in the
previous month and below market
expectations of 55.2, a preliminary estimate
showed.
Corporate news
- PT Kedawung Setia Industrial Tbk (KDSI) posted performance growth in the third quarter of 2021. KDSI
recorded net sales of IDR 1.58 trillion in the first nine months of this year. This value increased by 12.85%
from the January-September period of the previous year which was valued at IDR 1.40 trillion.
- PT Bank Jago Tbk (ARTO) managed to record a net profit in the third quarter of 2021 after six years of
losses. In the third quarter of this year, ARTO posted a net profit of IDR 14 billion. ARTO's net profit was
supported by credit growth of 71.7% quarterly to IDR 3.73 trillion.
- PT Arwana Citramulia Tbk (ARNA) until the third quarter of 2021 recorded net sales of IDR 1.88 trillion.
That number was 16.91 percent higher compared to sales in the same period last year of IDR 1.61 trillion.
- PT Darma Henwa Tbk (DEWA) in the first half of 2021 recorded a 9.58% decline in annual revenue (yoy)
to US$ 152.91 million during the first half of this year.
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
