Jan 26, 2011

Stock recommendations today

An opportunity for Jakarta Composite Index to continue its rebound is still affordable. This was in line with accumulative buy from foreign investor yesterday of IDR322 billion net buy.
However, the JCI adverse should be anticipated by investor as  volume yesterday was below average daily transaction, signaling bearish trend is not over yet. Stocks to watch: ASII, INDF, BMRI, ADRO, UNTR, PTBA. Here are stock recommendations provided by several brokerages as reported by Bisnis Indonesia today:
Sinarmas Sekuritas:
The JCI today may move in positive trend at the range of 3,371-3,470, extending a limited upward after making a higher level yesterday. The strengthening of JCI and commodities price will be restricted by US dollar appreciation. Stocks to watch: ASII, INDF, and BMRI.

e-Trading Securities:
Indonesian stocks benchmark are estimated to move at the range of 3,342-3,442 after gaining 2.62% to 3,433.91. Foreign investors booked a IDR332 billion net buy position. ASII, AALI, and ADRO may be considered.

Erdikha Sekuritas:
The stock gauge is estimated to be in the range of 3,372-3,471 after strengthening, underpinned by all sectoral indexes with the most hike experirnced by miscelenous industry. Recommended stocks are AALI, UNTR, and PTBA.

Disclosure: No position at the stock mentioned above.

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