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Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana
KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index, also known as the IHSG, is forecast to return to the 6,000 level today. JCI closed significantly corrected 0.95% at the level of 5,979.07 on Wednesday, December 30, 2020.
Analyst Nafan Aji from Binaartha Sekuritas explained that today’s JCI move based on the MACD indicator still shows a positive signal even though it has shown a crossover pattern. Meanwhile, both the Stochastic and the RSI are moving lower within the neutral area.
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Even so, today’s JCI movement has tested the MA 20 line so the opportunity for a strengthening to the nearest resistance level is still open. Nafan said that today’s JCI based on the Fibonacci index will be in the support and resistance range in the area of 5,874.89 to 6,157.11.
For a number of action recommendations investors can consider, including the following:
1. Ace Hardware (ACES). The ACES price movement remains above the lower bollinger line and an inverted hammer candle pattern is seen indicating a possible buying stimulus. The recommended action for ACES is a cumulative buy in the area of IDR 1,705 – IDR 1,715, with a price target gradually at IDR 1,735, IDR 1,780, IDR 1,880 and IDR 1,980. Support is at IDR 1,705 and IDR 1,680. ACES shares closed at Rs 1,715. (RoE: 14.16%; PER: 42.12x; BPA: 41.31; PBV: 5.98x; Beta: 0.79).
2. Agung Podomoro (APLN). The APLN share price movement has tested the MA 20 line so that the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for APLN shares for today is accumulated purchase in the area of Rp. 182 – Rp. 188, with a target price gradually at Rp. 195, Rp. 212 and Rp. 228. Support is in Rp. 182 and Rp. 178. APLN shares are closed at Rp. 188. (RoE: -5.25%; PER: -7.88x; BPA: -25.27; PBV: 0.41x; Beta: 2.2).
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3. Bank of Central Asia (BBCA). The BBCA price movement is still holding above the Bollinger’s midline and a hammer candlestick pattern is seen indicating possible buying stimulus. The BBCA share recommendation is an accumulated purchase in the area of Rp. 33,200 – Rp. 33,900, with a target price gradually at the level of Rp. 34,900, Rp. 36.075, Rp. 37,600 and Rp. 39,050. Support is at IDR 33,200 and IDR 32,175. BBCA shares closed at 33,850 IDR. (RoE: 14.51%; PER: 30.96x; BPA: 1.094.81; PBV: 4.49x; Beta: 0.94).
4. Bank Rakyat Indonesia (BBRI). BBRI share price movement remains above the lower bollinger line and a bullish candle pattern is observed at the top indicating possible buying stimulus. BBRI’s stock recommendation is a cumulative purchase at the level of Rp. 4010 – Rp. 4.170, with a target price gradually at the level of Rp. 4.230, Rp. 4.640 and Rp. 4.760. Support: IDR 4.010 and IDR 3.820. BBRI shares closed at 4,170 rupees. (RoE: 9.50%; PER: 26.99x; EPS: 154.15; PBV: 2.56x; Beta: 1.41).
5. CIMB Niaga Bank (BNGA). The BNGA share price movement has tested the MA 20 line so the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for the BNGA shares is an accumulated buy in the area of Rp. 985 – Rp. 995, with a target price gradually reaching the level of Rp. 1,030, Rp. 1,060 and Rp. 1,185. Support is at Rp. 935. BNGA shares are closed at Rp. 995. (RoE: 6.13%; PER: 10.42x; EPS: 99.84; PBV: 0.64x; Beta: 1.89).
6. Charoen Pokphand Indonesia (CPIN). CPIN price movement is still holding above the lower Bollinger line and a hammer candle pattern is seen indicating possible buying stimulus. The recommendation for CPIN shares is an accumulated purchase in the area of Rp 6,350 – Rp 6,550, with a target price in stages at the level of Rp. 6,775, Rp. 6,900, Rp. 7,025 and Rp. 7.475. Support is at IDR 6,350 and IDR 6,200. CPIN shares closed at Rs 6,525. (RoE: 13.46%; PER: 35.32; BPA: 185.45; PBV: 4.57x; Beta: 0.9).
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7. HM Sampoerna (HMSP). The HMSP share price movement is holding above the lower Bollinger line and there are several inverted hammer candlestick patterns indicating potential buying stimulus. The recommendation for HMSP shares is an accumulated purchase in the area of Rp 1,475 – Rp 1,505, with a target price gradually at the level of Rp 1,580, Rp 1,645, Rp 1,900, Rp 2,160, Rp 2,420 and Rp 2,550. Support is at Rp. 1,385. HMSP’s shares closed at 1,505 IDR. (RoE: 30.33%; PER: 19.19; BPA: 79.23; PBV: 5.82x; Beta: 1.14).
9. Indofood Sukses Makmur (INDF). The movement of the INDF share price remains above the lower Bollinger line and a bullish candle pattern with the rotating top is observed indicating a possible buying stimulus. Recommendations for the cumulative purchase of INDF shares in the area of IDR 6,750 – IDR 6,850, with a target price gradually at IDR 7,100, IDR 7,325, IDR 7,500 and IDR 8,275. Support is Rs 6,450. INDF shares closed at Rs 6,850. (RoE: 6.57%, PER: 12.49x, BPA: 568.57, PBV: 0.82x, Beta: 0.71).
10. Indah Kiat Pulp and Paper (INKP). The INKP share price movement has tested the MA 20 line, so the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for INKP shares is a cumulative buy in the area of IDR 10,150 – IDR 10,450, with a target price gradually at the level of IDR 10,875, IDR 11,125 and IDR 12,300. Support is at IDR 9,975 and IDR 9,475. INKP shares closed at Rp 10,425. (RoE: 8.83%; PER: 10.00x; EPS: 1039.53; PBV: 0.88x; Beta: 1.84).
11. PP Precision (PPRE). The PPRE share price movement has tested the MA 20 line so that the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for PPRE shares is an accumulated purchase in the area of Rp. 258 – Rp. 262, with a target price gradually at Rp. 270 and Rp. 316. The support is in Rp. 258 and Rp. 246. PPRE shares closed at Rp. 262. (RoE: 0.78%; PER: 122.81x; EPS: 2.13; PBV: 0.96x; Beta: N / A).
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12. Pakuwon Jati (PWON). PWON shares are still holding above the lower bollinger line and a hammer candlestick pattern is observed indicating a possible buying stimulus. The recommendation for PWON shares is a cumulative buy at the IDR 500 – IDR 510 level, with a price target in stages at IDR 535, IDR 560, IDR 580 and 665. Support is at IDR 500 and IDR 460. Stocks of PWON are closed at IDR 510. (RoE: 4.61%; PER: 30.70x; BPA: 16.61; PBV: 1.41x; Beta: 1.68).
13. Wijaya Karya Gedung Gedung (WEGE). The WEGE share price movement has tested the MA 20 line, so the possibility of a minimal strengthening to the first resistance level is still open. The recommendation for WEGE shares is an accumulated buy in the area of Rp. 252 – Rp. 256, with a target price gradually at Rp. 262 and Rp. 298. Support is at Rp. 252 and Rp. 242. WEGE shares closed at Rp. 256. (RoE: 7.92%; PER: 13.97x; EPS: 18.19; PBV: 1.10x; Beta: N / A).
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