JCI Indication
Bullish (Moderate)
Support /
Resistance: 6,157– 6,217
Market Drivers:
U.S. - China Trade Talks
- The U.S. and China had finally agreed to the Phase
One agreement after a contentious 18-month trade war
- China agreed to billions of dollars in agricultural
purchases from the U.S.
- The U.S. would keep the 25% tariffs on USD250 bn of
Chinese imports, but would reduce tariffs on USD120 bn in products to 7.5% from
15%
- The tariff reduction will take effect 30 days after
the agreement is signed.
- The two countries plan to sign the partial accord in
the first week of January
Japan Flash Purchasing Managers' Index (December)
- Manufacturing PMI edged down to 48.8 from a final
48.9 in November
- The index stayed < 50.0 for an eighth month
- New export orders shrank for a 13th month, though
they showed signs of bottoming out
- Services PMI (December)
- Came in at 50.6 from the previous month’s 50.3,
improved for a second month
- Composite PMI was steady from the previous month’s
final of 49.8
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MARKET NEWS
-PT BUMI Resources Tbk. ("BUMI") through its
subsidiary PT Kaltim Prima Coal ("KPC") conducts a Mine Water
Utilization program. This program is carried out in order to support the supply
of raw water for clean water to meet the needs of WTP (Water Treatment Plant),
better known as Processing Installation Water (IPA) Kudungga.
-BNBR has prepared a business plan and expansion that
will be carried out by its subsidiaries. Through PT Bakrie Autoparts (BA), BNBR
plans to expand in the passenger vehicle market and raft components. In
addition, Bakrie Autoparts also plans to increase production capacity utilities
and reach the passenger vehicle market.
-PT Gihon Telekomunikasi Indonesia Tbk (GHON) plans to
aim at increasing telecommunications tower leasing by 15% to 20% to around
1,150-1,200 tenants in 2020. To smooth out the business plan, GHON prepares
capital expenditure (capital expenditure) with an estimated Rp 150 billion to
Rp 200 billion.
Technical Recommendations :
Stock: *UNTR*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Trade Buy: 21,175
Target Price 1: 21,800
Target Price 2: 22,350
Stop Loss: 20,350
Stock: *WTON*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 440
Target Price 1: 452
Target Price 2: 466
Stop Loss: 428
Stock: *BEST*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Trade Buy : 204
Target Price 1: 220
Target Price 2: 236
Stop Loss: 196
Stock: *ISAT*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 3,120
Target Price 1: 3,220
Target Price 2: 3,310
Stop Loss: 2,980
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