Mar 4, 2011

Stock recommendations today

Indonesian stock benchmark, Jakarta Composite Index (JCI), today is estimated to keep rising on several factors. Expectation of a steady BI Rate will propel banking stocks and automotive stocks. Here are recommendations as published at Bisnis Indonesia daily:

Sinarmas Sekuritas:
The JCI technically tends to advance today at the range of 3,481-3,520. Bank Indonesia's Governor meeting, which will determine BI Rate today, is expected to bring a positive sentiment to the index. Stocks to watch: ITMG, INDY, and BBRI.

Panin Sekuritas:
The JCI yesterday move in mixed position and ended at higher position, following accumulative buy actions on banking stocks. Sentiment on a stagnant BI Rate is expected to spur banking stocks and automotive stocks despite decline on mining stocks. We expect today that the JCI is in a consolidation stage, moving at the range of 3,465-3,510. Top picks: INTA, ASII, CMNP, and JPRS.

Erdikha Sekuritas:
The JCI ended slightly higher of 0.24% to 3,494.54 after reaching 3,512.89. All sectors gained except mining which slightly lowered 0.59%. The index gained because of contribution of miscellaneous industry with 1.03% gain. We estimate the JCI will move at the range of 3,481-3,526. Recommended stocks: SGRO, CMNP, and BISI.

Reliance Securities:
Technically, the JCI tends to increase today. The index may move at the range of 3,460-3,520. Stocks to watch: JSMR, MNCN, KIJA, and BORN.

eTrading Securities:
The JCI may move at the range of 3,455-3,568 today. Stocks to watch: INDF, KRAS, and BBCA.

Disclosure: No position at the stock mentioned above.

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