KIWOOM EQUITY LUNCH RESEARCH NOVEMBER 17, 2021
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17 Nov 2021

Market Review (Session 1)

In session 1, JCI closed positive 0.14% to the level of 6,660.54 


Market Prediction (Session 2)

JCI : the index closed higher with a bearish candle and touched the first resistance flow. JCI is expected to still tend to move sideways with a chance to strengthen again.

  • AGRO : The price closed higher and still in a positive trend The price still has a chance to strengthen again as long as it maintain above support. Further confirmation if the price is bullish again and breaks up to 2,280. Be careful if the price closed below support level.
  • CTRA : The price managed to touch the second target at 1,180 (+3.5%), the highest at 1,200 (+5.3%) and closed at 1,185 (+3.9%). There is still a chance for the price to strengthen further. The closest benchmark support is at 1,145 – 1,155. The next target is at 1,210 – 1,220. Be careful if it closes below the new support level.
  • EMTK : The price closed higher and in a positive trend. The price still has a chance to strengthen again as long as it maintain above support. Confirmation for further strengthening if the price breaks up to level 2,050. Be careful if the price closed below support level.
  • TBIG : The price closed in correction and still in our buying range. The price still has a chance to strengthen again as long as it maintain above support. Confirmation for further strengthening if the price is bullish and breaks up to 2,920. Be careful if the price closed below support level.


News

  • PT Erajaya Swasembada Tbk (ERAA) during January-September 2021 achieved a net profit of IDR 719.2 billion in the third quarter of 2021.
  • The performance of PT Karya Bersama Anugerah Tbk (KBAG) in the third quarter of 2021 achieved revenue of IDR 21.48 billion, a decrease of 32.2% compared to the third quarter of 2020, which was IDR 31.69 billion.





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