KIWOOM EQUITY LUNCH RESEARCH NOVEMBER 10, 2021
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10 Nov 2021

Market Review (Session 1)

In session 1, JCI closed negative 0.17% to the level of 6,658.88


Market Prediction (Session 2)

JCI : The index closed lower with a bearish candle. JCI still tend to move sideways first for today.

  • AUTO : the price crossed our second target at 1.220 (+3.8%), the highest was at 1.275 (+8.5%) and closed at 1.245 (+5.9%). The Benchmark support is at the range of 1.200 – 1.220. The price still has a chance to strengthen as long as it doesn't move below level 1.200 again. The further uptrend potential to the next target at 1295 - 1310. Be careful if the price closes below level 1.200.
  • CTRA : The price closed stagnant with a bearish candle. The price still has a chance to strengthen as long as it maintain above support. Confirmation for the strengthening if the price is bullish again and breaks up to 1.135. Be careful if the price closed below support level.
  • EMTK : The price closed down slightly and is still in the buying range. The price still has a chance to strengthen as long as it maintain above support. Confirmation for the strengthening if the price is bullish again and breaks up to level 2,080. Be careful if the price closed below support level.
  • WOOD : The price managed to touch our second target at 870 (+4.2%), the highest was at 875 (+4.8%) and closed at 850 (+1.8%). Ideally the price should stay above level 855 to have a chance to continue strengthening. If the price can test level 875 again, there is potential for the uptrend to continue to the next target at 900. Be careful if the price closed below support level. 


News

  • PT Alam Sutera Realty Tbk (ASRI) during the first nine months of 2021 still recorded a loss of IDR 138.95 billion. This position decreased significantly compared to the loss in the same period the previous year which amounted to IDR 1.004 trillion or managed to reduce the loss of IDR 865.05 billion within one year.
  • PT Kawasan Industri Jababeka Tbk (KIJA) recorded a total revenue of IDR 1,652.6 billion for the three quarters of 2021, down 10% compared to the same period in 2020.





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