JCI Indication

Bullish (Moderate)

Support / Resistance: 6,175 – 6,256

Market Drivers:

Wall Street
- Breached fresh record highs on trade deal boost
- DJIA surpassed its November closing high
- S&P 500 and NASDAQ marked record closes for the third straight session

BREXIT
- PM Boris Johnson is seeking a hard line on Britain’s transition period after Brexit at the end of next year
- Dashing hopes Johnson would take a flexible approach for a trade deal with the EU after Britain leaves the bloc
  - Which now looks almost certain to happen on Jan. 31

The RBA Minutes (December)
- From the December monetary policy meting, where RBA opted to leave the cash rate unchanged at 0.75%

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MARKET NEWS
Astra car sales during January 2019-November 2019 were recorded at 495,357 units, 7.7% lower compared to the same period last year 536,985 units. As for ASII, the market share of car sales in the domestic market was 53% this year. .

Property company PT Lippo Karawaci Tbk. eyeing marketing sales of Rp2.2 trillion-Rp2.5 trillion by 2020. Investors relations Lippo Karawaci Bret Ginesky said that there are several residential projects to be launched next year. That is in order to sustain the marketing target can be realized.

PT Garudafood Putra Putri Jaya Tbk (GOOD) managed to book a net profit of Rp 297.67 billion in the third quarter-2019 period. This realization was down 13.95% from the net profit of the same period the previous year which reached Rp 346.04 billion.

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Technical Recommendations :

Stock: *TLKM*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Trade Buy: 3,950
Target Price 1: 4,040
Target Price 2: 4,120
Stop Loss: 3,790

Stock: *MDKA*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 1,090
Target Price 1: 1,120
Target Price 2: 1,155
Stop Loss: 1,050

Stock: *ISSP*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Spec Buy : 178
Target Price 1: 185
Target Price 2: 192
Stop Loss: 168

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