Stock Watch!!! Apr 20, 2010

After today traded lower, there are some stocks to be BOUGHT on Weakness, still the same as yesterday, with additional stock.

Astra Int'l (ASII.JK, ASII:IJ)

It is one of the strongest stock in the Stock Exchange, not only today but can be said as all the time. This company has a very strong performance and even the financial performance has broken their previous record FY2009. This stock is keeping its track to going upward for long-term.

A lot of stocks can't retain their position but not ASII, which at the end of the day rose up. And it has a great upward potential, as the group is keep stronger. Technically, we can see that ASII's stochastic is going to make a cross which will be confirmed in this week, as it has dropped for 4 straight days.

Rating: Buy On Weakness, TP: 45250-48150

Bank Tabungan Negara (BBTN.JK, BBTN:IJ)

Fund borrowings growth is the key for BTN to grow, and it's stated that it will boost its fund borrowings up to 30% in 2010, which is one of the positive sentiment, yet the 1Q2010 Net income increased by 71%, which is a good result.

Technically, it has jus broken MA9, which is one of the trend support, but, we can see from previous ones the price went up after the broken of MA9.

Rating: Buy On Weakness; TP: 1560-1600, SL: 1450-1460

Indo Tambang Raya Megah (ITMG.JK, ITMG:IJ)

The firm is facing good sentiment in which the dividend distribution is soon to be done, investors start to accumulate this stock when it dropped in the morning, if tomorrow it breaks 38300, then 38900, 75% then the shares will rise up to 41000 in short term.

Rating: Buy On Weakness; TP: 40000-41000; SL: 38300-38500

Timah (TINS.JK, TINS:IJ)

The firm did quite well last year as the declining of the financial statement not as bad as what analyst predicted, but they did better. The positive sentiment is as Indonesia is the 30% supplier of world's tins then we can claim that we have one of the best in the world. As, the potential of land tins is going to decline, the demand is increasing as the economy is recovering and the use of tins mostly by car industry & the most demand is from Singapore, which cause the price of LME Tins is increasing, which gives TINS additional income.

Technically, as today gapped down, tomorrow it might re-close the gap & go upward again, as the price of tins is still uptrending since Apr 2009.

Rating: Buy On Weakness; TP 2925-3000; SL: 2400-2425

United Tractor (UNTR.JK, UNTR:IJ)

Strong firm, good expansion. Increment of tractor sales in 1Q2010 of 94% YoY, is one of the catalyst of the increment of the stock, yet this is one of the Astra Group subsidiary. Yet it also break upward the MA12.

Rating: Buy On Weakness; TP: 19500-20000, 20000-22000, SL: 18050-18150

Happy Investing^^

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