Mar 21, 2011

Stock recommendations today

Indonesian stocks benchmark is estimated to have strength to rise today with limited movement. Investors are still focusing on announcement of 2010's financial statement, radiation leakage on nuclear-based power plants, and tsunami di Japan.
However, stocks to watch: ENRG, SMGR, BUMI, AALI, and SGRO. Here are recommendations as quoted by Bisnis.com today:

e-Trading Securities:
Jakarta Stock Index (JCI) may move at the range of 3,453-3,546 on today's trading with stocks to watch: ENRG, SMGR, and HEXA. On last Friday, the JCI inched up 0,28% or 9 points to 3,494.07. The JCI rise was underpinned by mining and energy stocks. Foreign investors recorded Rp106 billion net buy.

Sinarmas Sekuritas:
The JCI technically may move at mixed with upward trend at the range of 3,459-3,520. Stocks to watch: MYOR, AALI, BUMI, and UNTR. Result of G7's meeting to approve currency intervention could spur positive sentiment on the index. But, the market is still watching oil price which rebounded on the Middle East crisis.

Panin Sekuritas:
The JCI today is predicted to be mixed with upward trend at the range of 3,470-3,516. Stocks to watch: ITMG, GJTL, CPIN, and SGRO. The index rise on last Friday was restrained by investors concern on Japan's disaster in the coming weeks. Despite announcement of 2010's financial statement by companies, investors are focusing on tsunami and leakage of nuclear-based power plants.

Disclosure: No position at the stock mentioned above.

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