Apr 5, 2011

Stock recommendations today

Indonesian stock benchmark today is estimated to continue its further decrease. Several stocks to watch: ASII, INDY, UNTR, and MAPI. Here are stock recommendations provided by several brokerages as quoted by Bisnis.com:

Reliance Securities:
Jakarta Composite Index (JCI) technically to form doji, candlestick pattern. We estimate that the JCi may continue a further decrease. The movement range at 3,670-3,730. We recommended to sell on ASII, KLBF, and HRUM.

e-Trading Securities:The JCI today is estimated to move at the range of 3,651-3,734. Stocks to watch: INDY, UNTR, and ADRO.

Sinarmas Sekuritas:The index today may be shadowed by profit taking actions and regional markets movement. Stocks to watch: UNTR, ADRO, EXCL, and MEDC.

Panin Sekuritas:The JCI today may continue to decrease as a result of profit taking. But, we estimated that profit taking is still reasonable despite the JCI increase since last week on the back of deflation tren. The support-resistance level is at 3,684-3,712. Top picks: MAPI, APLN, amd JSMR.

Disclosure: No position at the stock mentioned above.  

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