AKRA : Walau tren masih turun, namun
stochastic mulai bergerak rebound mengindikasikan potensi kenaikan.
Support : S1 3.975
S2 3.850
Resisten : R1 4.150 R2 4.300
Selasa, 27 Maret 2012
Senin, 26 Maret 2012
Indofood CBP, Still lacking upside catalysts, Macquarie
Event
We
analyse ICBP’s FY11A result (released on 20/3) in detail, and take
the
opportunity to
update our investment thesis, earnings forecasts/outlook,
and
valuation. We
maintain our Underperform call, but raise our valuation and
PT
to Rp5,100 from
Rp4,900, and raise our FY12E earnings estimates by 7.2%.
While
ICBP is trading only modestly above our fair value estimate, we
believe
the story remains
unexciting on account of the company’s relatively weak
growth prospects,
coupled with its premium operating margins. We view the
stock as a
fully-valued “cash cow” that is likely to continue to tread water,
and
in a growth market,
significantly underperform on a relative basis.
Saham Pilihan Senin, 26 Maret 2012
PNLF : MACD golden cross dan histogram
positif mengindikasikan tren positif kedepan.
Support : S1
136 S2 128
Resisten : R1 144 R2 147
Kamis, 22 Maret 2012
Market strategy, Inflated expectations, CLSA
Inflation risks have heightened in Indonesia on the back of very
aggressive accommodative monetary policy, expectations of a hike in the
subsidized fuel price & firm core inflation. While these concerns have
drawn parallels to India (where inflation pressures have been persistent)
our case study shows structural differences supporting the view that
inflation pressures in Indonesia will be temporary versus chronic.
aggressive accommodative monetary policy, expectations of a hike in the
subsidized fuel price & firm core inflation. While these concerns have
drawn parallels to India (where inflation pressures have been persistent)
our case study shows structural differences supporting the view that
inflation pressures in Indonesia will be temporary versus chronic.
Saham Pilihan Kamis, 22 Maret 2012
ASII : Terbentuk pola rebound setelah
kembali munculnya minat beli ditandai dengan kembali menghijaunya histogram dan
reboundnya stochastic membuka peluang kembali naiknya ASII.
Support : S1
69.850 S2 67.100
Resisten : R1 73.200 R2 74.650
Rabu, 21 Maret 2012
United Tractors, Feb Volume Wrap: A recovery, but tracking lower than guidance in 1Q, JP Morgan
UNTR's 14% outperformance versus the JCI over the last quarter has been
boosted, in our view, by its limited exposure to policy risk and inflation
pressures relative to other blue chips. While growth prospects and
favourable currency leverage still dispose us positively, tighter valuations
now mean that UNTR probably needs to deliver Komatsu sales matching
guidance (9,000-9,500 units) rather than our more conservative 8,000 unit
estimate to open up fresh absolute upside. Maintain OW, Rp 32,500 PT.
boosted, in our view, by its limited exposure to policy risk and inflation
pressures relative to other blue chips. While growth prospects and
favourable currency leverage still dispose us positively, tighter valuations
now mean that UNTR probably needs to deliver Komatsu sales matching
guidance (9,000-9,500 units) rather than our more conservative 8,000 unit
estimate to open up fresh absolute upside. Maintain OW, Rp 32,500 PT.
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