JCI Indication

Bullish (Moderate)

Support / Resistance: 6,301 – 6,351

Year-end optimism
- Fresh record highs in U.S. stocks (DJIA and S&P 500)
- Investors added a record USD4.2 bn to emerging-market ETFs

China
- Imports of U.S. soybeans rose to the highest in 20 months in November after more American cargoes cleared customs ahead of the signing of a partial trade deal in January
- Chinese Premier Li Keqiang: China is willing to open its financial and health-care services sectors to foreign investment, including the gradual removal of ownership limits
- Industrial Profits (November) climbed 5.4% (Y/Y) after three months of declines including October’s record 9.9% slump

Thailand
- Will narrow its inflation target for next year as consumer-price growth remains subdued
- The bank of Thailand's new goal is to keep annual headline inflation within a 1%-3% range, compared with 1%-4% previously

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MARKET NEWS
PT Siantar Top Tbk (STTP) is targeting sales growth of 15% in 2020. This is driven by the strengthening of exports of companies engaged in the snack industry. Just so you know, the company with the STTP stock code is aiming for export growth of 15% to 20% in 2020.


COCO recorded a good performance in 3Q19. The revenue and net profit of COCO experienced a significant increase. COCO pocketed net sales of up to Rp 150.55 billion in the period ended September 30, 2019 or rose up to 30.8% YoY.


HRME projected room occupancy in the upcoming 2020 New Year to reach 54%. HRME explained that it saw an increase in hotel room bookings this year compared to last year which was only 51%.

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Technical Recommendations :
Stock: *DMAS*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Trade Buy: 300
Target Price 1: 308
Target Price 2: 318
Stop Loss: 288

Stock: *BBTN*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 2,150
Target Price 1: 2,190
Target Price 2: 2,240
Stop Loss: 2,070

Stock: *MAPI*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 1,050
Target Price 1: 1,090
Target Price 2: 1,120
Stop Loss: 985

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