JCI Indication
Bullish (Moderate)
Support /
Resistance: 6,215 – 6,328
Market Drivers:
U.S. Treasury yields bounced
- The yield on the 10-year Treasury note was last at
1.5724%, while 30-year Treasury bond was at 2.06%
- This sends major wall street indexes higher with Dow
Jones went up 1,2%, S&P 500 1,4%, and Nasdaq Composite 1,7%.
- Driven by rally in tech stocks
- Trump tweeted Sunday that the U.S. is
"talking" with China.
- Also stressed the two sides will hold talks next
month.
- After the decision to delay tariffs on Chinese goods
entering the US until December.
- Market will watch closely a recent unveiling of
interest rate reform in China.
SMBR
SMBR plans to expand by acquiring a
limestone mine to obtain new reserves and to build a Baturaja III Plant located
in Jambi.
ITMG
ITMG 1H19 Recorded a revenue increase of
USD 892.70 million (+ 10.36% yoy), Coal sales increased 8.71% yoy to USD 844.51
million, while fuel sales to third parties shot 59.2% to USD 46.1 million.
AGRS
AGRS has merged with PT Bank Mitraniaga
Tbk (NAGA). In this process, the Indonesia Stock Exchange (IDX) will stop
trading (delisting) NAGA shares today.
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Stock: *BBTN*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Spec Buy : 2,310
Target Price 1: 2,380
Target Price 2: 2,450
Stop Loss: 2,230
Stock: *ACES*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 1,745
Target Price 1: 1,800
Target Price 2: 1,850
Stop Loss: 1,690
Stock: *SSIA*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 790
Target Price 1: 820
Target Price 2: 850
Stop Loss: 755
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Kav. 33A Jakarta 10220 – Indonesia
Tel +62-21 5790 0800 Fax +62-21 5790 0809
Website: www.phillip.co.id
