Market Prediction
Yesterday's trading, JCI closed lower by 0.53% to
6,616.03. Foreign market players recorded a net
sale again worth of IDR 678.61 billion (all market).
Wall Street's main indexes closed lower due to US
Treasury yields reversed and climbed higher, then
investors awaited the quarterly report on retail
sales.
JCI successfully closed down with a bearish candle.
The stochastic indicator is bearish, MACD histogram
is moving in a positive direction (sloping line) and
volume is falling. If JCI moves bearish, JCI can go
down first to support I at 6,585. If JCI breaks down
from that support I, it will continue to go down to
level 6,550. If JCI moves bullish again, there is a
chance to further strengthen to the resistance level
of 6,646 – 6,675.
Commodities Review
- Oil prices started this week moving in the
red zone, continuing the bearish trend
since last weekend because the US is
expected to soon release its strategic
reserves which have the potential to
increase US oil reserves.
Macro Economic News
- Indonesia's trade surplus widened to a
record of USD 5.74 billion in October of
2021 from USD 3.58 billion in the same
month of the previous year and above
market consensus of USD 3.87 billion.
- China's retail sales rose by 4.9 percent
year-on-year in October 2021, faster than
a 4.4 percent increase in the previous
month and beating market expectations of
3.5 percent.
- The Japanese economy shrank 0.8 percent
qoq in Q3 2021, compared with market
expectations of a 0.2 percent fall and after
a downwardly revised 0.4 percent growth
in Q2, amid a resurgence of COVID-19
cases and persistent global supply chain
disruptions, preliminary data showed.
Corporate news
- PT Siantar Top Tbk (STTP) managed to record an increase in sales until the third quarter of this year. As
of September 30, 2021, STTP's net sales grew 8.05% to IDR 3.04 trillion. Previously, Siantar Top's net
sales only reached IDR 2.81 trillion as of September 30, 2020.
- PT Catur Sentosa Adiprana Tbk (CSAP) until September 2021 CSAP recorded net sales of IDR 9.91 trillion.
It grew by 14.17% compared to the achievement in Q3-2020 which was IDR 8.68 trillion.
- PT Bank Multiarta Sentosa Tbk (MASB) until the third quarter of 2021 posted a net profit of IDR 150.45
billion, an increase of 97.36 percent compared to the same period in 2020, which was recorded at IDR
76.694 billion.
- PT Pelayaran Nelly Dwi Putri Tbk (NELY) until the third quarter of 2021 posted a net profit of IDR 34.985
billion or grew by 19.11 percent compared to the same period in 2020, which was recorded at IDR 29.372
billion.
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