JCI Indication
Bearish
(Moderate)
Support
/ Resistance: 5,829– 5,970
Market
Drivers:
The rapid spread of COVID-19 beyond China
- South Korea raised the COVID-19 alert to its highest level after a recent
implosion of confirmed infection cases, which took the The country’s tally from
31 (Feb. 18) to 602 on Sunday
- In Italy, a third person had died, while the number of cases jumped to above
150 from just 3 before Friday
- Iran, which announced its first two cases on Wednesday, said it had confirmed
43 cases and eight deaths
- The virus has killed 2,442 people in China, which has reported 76,936 cases
Markit Flash Composite PMI
- Still-weak conditions in the EMU
- Stabilization in the services sector
- On going improvement in the manufacturing PMI even though it continues to
show contraction
- Worsening of conditions in the U.S. and Japan.
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MARKET NEWS
WSBP is collaborating with PT Angkasa Pura Properti, a subsidiary of PT Angkasa
Pura I (Persero) in the supply of concrete products for construction and
maintenance in the airport area.This cooperation is an effort of PT Angkasa
Pura Properti in improving and maintaining the quality of airport infrastructure
managed by PT Angkasa Pura I.
KIJA look at the demand for land this year will be as high as last year. KIJA
said the improving political situation in 2020 could be a positive catalyst for
industrial land sales.
MDKA sets a target of gold production this year of around 165,000 to 185,000
ounces (oz) with a fixed cost of around US $ 650 to US $ 750 per ounce amid a
strengthening trend in gold prices.
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Technical Recommendations :
Stock: *BBCA*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 33,075
Target Price 1: 33,700
Target Price 2: 34,300
Stop Loss: 30,700
Stock: *FILM*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Trade Buy : 208
Target Price 1: 220
Target Price 2: 230
Stop Loss: 192
Stock: *BTPS*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Spec Buy: 4,330
Target Price 1: 4,450
Target Price 2: 4,530
Stop Loss: 4,230
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