JCI
Indication
Bullish (Moderate)
Support / Resistance: 6,007 – 6,159
Market
Drivers:
Progress
in the U.S. - China Trade Standoff
-
President Trump outlined the 1st phase of a deal
- Covering agriculture, currency and some aspects of IP protections
-
Said it could take up to five weeks to get a pact written.
-
Acknowledged the agreement could fall apart during that period
-
Suspended additional 5% tariffs on USD250 bn of Chinese exports this week
BREXIT
-
The EU agreed to hold another round of intense negotiations with Great Britain
-
British PM Boris Johnson told his cabinet a last-minute deal was still possible
- Hoping a deal will be agreed in time for EU leaders to approve it at a summit
in Brussels on Thursday and Friday this week
Singapore
3Q19 GDP
-
Grew 0.6% Q/Q (+0.1% Y/Y), avoiding a technical recession
-
A reversal from the 3.3% Q/Q decline in 2Q19
------------------------------------------------
MARKET
NEWS
*HOKI*
HOKI is building a new factory in South Sumatra in order to increase
production capacity with a total investment of IDR 100 billion and is expected
to be fully operational with a production capacity of 40 tons per hour by the
end of 2021.
*IPCC*
IPCC Recorded growth in loading and unloading of Completely
Build Up (CBU) vehicles reaching 36.18% in September 2019 year-to-date (ytd).
In December 2018, the IPCC unloaded 29,284 CBU units, which then grew to 39,880
units in September 2019.
*BBCA*
BBCA continues to promote the use of BCA mobile features for
savings customers who have problems such as card blocking, and changing PINs.
and BBCA is targeting the sales volume of BCA credit cards to be IDR 75
trillion by the end of the year.
Technical Recommendations :
Stock: *ADHI*
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Spec Buy : 1,205
Target Price 1: 1,250
Target Price 2: 1,300
Stop Loss: 1,160
Stock: *UNVR*
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Spec Buy : 44,175
Target Price 1: 45,250
Target Price 2: 46,000
Stop Loss: 43,150
Stock: *HMSP*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Trade Buy : 2,230
Target Price 1: 2,320
Target Price 2: 2,440
Stop Loss: 2,080
PT. Phillip Sekuritas Indonesia
Research Department
ANZ Tower Level 23B
Jl. Jend. Sudirman Kav. 33A, 10220 Jakarta
Ph: (62 21) 57900 800
Email: research@phillip.co.id
Website: www.poems.co.id
