CT Stocklist (Sep 3, 2010)

Tomorrow might be an optimistic day after a great rebound from a dip today. Yet some stocks showed a good sign and give an upward confirmation.

Some stocklist that can give us consideration is ASII, HMSP (dividend), JPFA, MYOR.

Let's see some chart!!! And talk technically...

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

Today it has broken the peak & become the defender of our stock exchange index. It rallied for two days & yet this stock is still strong. Increment of >20% of sales increase the chance of the stock to increase & yet increase the fundamental for investor's confidence. Technically, ASII got a good increment in volume & yet the trend is still good for the last 1 year. Yet the chance of beating the new high is more open as the indicators are showing upward motion.

Rating: Buy; Entry: 50050-50100, TP: 52800-53000, SL: 47550-47600

Hanjaya Mandala Sampoerna (HMSP.JK, HMSP:IJ)

HMSP has a staircase chart which is seasonal rally. And this is the time that might be a right time for us to speculate on it. It is a good uptrending stock within a year, which is the most essential requirement before buying a stock.

The P/E is still quite low and yet the sales are increasing but together with the increasing of operating expenses. Yet this stock is quite good & well defending. Since January the stock has rose to 100%.

 Rating: Buy; Entry: 20250-20300, TP: 21000-22000, SL: 19450-19500

Japfa (JPFA.JK, JPFA:IJ)

One of the best consumer industry at this time. High promotion on their new product (Soziss) increase their sales by around 10%. Low P/E is the other fundamental support for us to buy & keep collecting this stock. Technically, the price has just broken a new high with a great volume.

Rating: Buy; Entry: 2800-2825, TP: 3025-3400, SL: 2500-2525

Mayora Indah (MYOR.JK, MYOR:IJ)

The other good consumer goods manufacturer, which also perform quite well. This stock is still good & just broken a new high, but again high P/E might be a limiter for it to continue the price. If tomorrow it breaks 10600 with a great volume of demand, then we can start to collect it again.

Rating: Buy On Break, Entry 10550-10600, TP: 11500-12000, SL: 9400-9450

Happy Investing^^

Disclaimer ON!!!

TRIM NOTES: Private Placement in Coal Stocks

TRIM NOTES: Private Placement in Coal Stocks

We already made a contact with the Investor Relations of ITMG regards to the private placement news done by Banpu, its holding company and coming out with a "don't know" answer. "That corporate action was fully belongs to Banpu, hence ITMG management did not have any ideas about the details of the transaction", he continued. In the time of writing there is a crossing transaction of 197,064 lots through Mandiri Sekuritas, 2,960 lots through Bahana Securities, and 990 lots through Danareksa with Rp36,150/shr price. With this divestment, Banpu remains a 65% shareholding in ITMG. According to the letter issued by the company to IDX, the main objective of the divestment was to strengthen Banpu's balance sheet position and will not affect its long term commitment with ITMG. 

Similar with ITMG, ADRO's stock also plunged in the opening session due to private placement issue at Rp1,500-Rp1,700/shr. We already make a confirmation with the investor relations and they clearly denied the rumor and stated that there was no plan to do any private placement of ADRO's stock.

Best Regards, 

Christopher Tahir
Blog: http://ez-stock.blogspot.com
MSN: chris_tahir@hotmail.com
YM: chris_tahir@ymail.com

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