KIWOOM EQUITY LUNCH RESEARCH OCTOBER 25, 2021
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25 Oct 2021

Market Review (Session 1)

In session 1, JCI closed positive 0.18% to the level of 6,655.82

Money Supply M2 in Indonesia increased to 7287300 IDR Billion in September from 7198900 IDR Billion in August of 2021.


Market Prediction (Session 2)

JCI : The index closed higher with a bullish candle. JCI is still expected to move sideways with a chance to strengthen to the resistance at 6.693.

  • CPIN : The price closed in correction and still in our buying range. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 6,550 again. Be careful if the price goes down below support level.
  • ADHI : Price closed in correction and still above support II. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 1.160 again. Be careful if the price goes down below support level.
  • BBTN : The price closed higher with a bullish candle and is still in a positive trend. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 1.850. Be careful if the price goes down below support level.
  • EXCL : Price closed in correction and still in our buying range. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 3,140. Be careful if the price goes down below support level.
  • WOOD : Price closed in correction and still in our buying range. The price still has a chance to strengthen if it is able to stay above the support or. Confirmation for the next buy signal if it is bullish again or it can break up to 770 again. Be careful if the price goes down below support level.


News

  • PT Batavia Prosperindo Finance Tbk (BPFI) until the third quarter of 2021 posted a net profit of IDR 26.656 billion, a slight increase of 0.103 percent compared to the same period in 2020 of IDR 26.384 billion.
  • PT Wilmar Cahaya Indonesia (CEKA) as of September 30, 2021, has successfully posted a profit for the period of IDR 129.56 billion. Soared 12.30 percent compared to the same period last year of IDR 115.36 billion. 





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