Apr 19, 2011

Stock recommendations today

Indonesian stock benchmark is in consolidation stage. Investor is watching several publicly listed companies both in the local and regional markets regarding on theior 1Q financial performane and impact from Chinese monetary policy such as minimum reserve requirement.
Several stocks such as BBCA, BDMN, BBRI, SGRO, CPIN, DOID, INDF, and GGRM could be put on the shopping list today. Here are stock recommendations as provided by Bisnis.com today:

Reliance Securities:
In the short term, Jakarta Composite Index is technically in consolidation stage and we estimate that the JCI may move at the range of 3,700-3,740. If the 3,700 level has been outstripped, the JCI is entering a bearsih signal in the short term. Stocks to watch: BBCA and SGRO with sell recommendation. 

Panin Sekuritas:
The JCI is estimated to move in the consolidation stage. We predict that the index will move to a support-resistance level of 3,705-3,741. Top picks: CPIN, DOID, INDF, and GGRM.
The JCI decrease was following the regional stock markets after China determined to tighten its monetary policy. Stock transactions were low, while investor is waiting companies to publish their 1Q financial performance.

eTrading Securities:
The index is estimated to move at the range of 3,697-3,749 with stocks to watch: GGRM, BDMN, and BBRI.

Erdikha Sekuritas:
The JCI is predicted in consolidation stage as it is not easy to break a resistance level of 3,770 and tends to test a support level of 3,700. The JCI movement is in a range of 3,700-3,770. Recommended stock is BDMN.

Sinarmas Sekuritas:
The JCI today technically may move in mixed position with lower possibility at the range of 3,713-3,746. Stocks to watch: AALI, BLTA, ICBP, and TLKM.

Disclosure: No position at the stock mentioned above.

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