KIWOOM EQUITY LUNCH RESEARCH OCTOBER 28, 2021
View PDF
28 Oct 2021

Market Review (Session 1)

In session 1, JCI closed negative 1.02% to the level of 6,535.08


Market Prediction (Session 2)

JCI : The index closed down and breakdown from our support flow. JCI is expected to continue going down to the next gap at the range of 6,486-6,492 or the next gap at levels of 6,416-6,436.

  • ARNA : The price closed higher with a bullish candle or is still in a positive trend. The price is testing level 865 to continue strengthening. Confirmation for further strengthening if the price can be bullish again and break up to level 865. Be careful if the price goes down below support.
  • ISSP : The price managed to touch the first target at 392 (+3.2%), the highest was at 394 and closed by breakdown below support II. If the price does not close above support II, it may continue decline or the price will become a false breakout.
  • SMGR : The price managed to touch the second target at 8,950 (+3.46%) and closed at 8,850 (+2.3%). The price still likely to continue strengthening. The benchmark for immediate support is 8,575. Be careful if the price goes down below support or returns below 8,575.
  • TMAS : The price managed to touch the first target at 336 (+2.4%), high at 340 (+3.6%) or 1 tick below our second target. The price was unable to hold above the first target and reversed into a bearish candle and breakdown below support. The price could continue into a downtrend in the short term and still in a sideways trend in the medium term. 


News

  • PT Bukaka Teknik Utama (BUKK) for nine months of 2021, posted a profit for the year attributable to owners of the parent entity of IDR 310.59 billion, an increase of 2.47 percent from profit of IDR 303.38 billion the previous year.
  • PT Exploitas Energi Indonesia Tbk (CNKO) throughout the nine months of 2021 was recorded as still bearing a net loss attributable to the owners of the parent entity, which was recorded at IDR 75.70 billion or a decrease from a loss of IDR 139.48 billion the previous 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