Stocks closed at new highs for yet another session despite mixed economic news and a varied batch of earnings reports, putting all three major indices on track for the best April since 2009.
The dollar's weakness helped to push gold prices higher again to record levels. Gold futures for May deliver rose 0.94 percent to $1,530 an ounce, the 12th record settling price for the precious metal in April. Comex silver for May delivery rose 3.4 percent to $47.52, the highest level since Jan. 17, 1980.
The mostly positive tone to the market follows a strong response to Fed Chairman Ben Bernanke's press conference Wednesday, held after the Fed's policy-setting committee met.
It was good for investors to hear Bernanke's explanation of the Fed's thinking, although he didn't say much new. "It gives a lot of confidence to investors".
In Europe, markets closed at an eight-week high, propelled by earnings.
Dow. 12763.31. +72.35.+0.57%
Nasdaq. 2872.53. +2.65. +0.09%
S&P 500. 1360.48. +4.82.+0.36%
FTSE. 6069.90. +1.74. +0.03%
Dax. 7475.22. +70.27.+0.95%
CAC40. 4104.90. +37.18. +0.91%
Russell 2000. 861.55. 3.24. 0.38%
Crude Oil. 112.81. 0.05. 0.04%
Natural Gas. 4.57. 0.16. 3.58%
Gold ($/oz.). 1534.93. 7.58. 0.50%
Rupiah. 8585
Euro. 1.4825
TLKM. 35.34. -0.37. -1.04% Rp 7785
ISAT. 30.26. -0.26. -0.85%.Rp 5196
Vallar. 1,399.00.+0.00 +0.00%
EIDO. 31.29. +0.09.+0.29%
Oil. 112.85. -0.01. -0.01%
Gold. 1531.200.+14.100. +0.93%
Timah. 32050. +0. +0.00%
Nikel. 26795. +85. +0.32%
Coal 22 Apr 121.48 vs.123.12(15 Apr)
CPOJuli3293RM+16RM+0.49%$1114
Corn. 729.250-30.000. -3.95%
SoybeanOil.56.930.-1.480. -2.53%
Wheat. 777.500-34.500. -4.25%
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Friday Early BIRD Edition (Edwin Sebayang-MNC Securities).....
Kembali naiknya Bursa Regional, perkiraan CPI April 2011 yg akan mencapai deflasi -0.3% oleh BPS, terus menguatnya Rupiah yg akan menuju Rp 8500, masa pembagian dividen, akan lebih baiknya Lap Keuangan Q1/2011 serta akan terus menguatnya harga energi dan komoditas metal akibat akan terus melemahnya US Dollar mjd katalis investor wajib melakukan akumulasi beli atas saham berfundamental bagus terlebih yg memberikan dividen pay out ratio yg besar.
Wall Street kembali ditutup pd level tertinggi baru ditengah The CBOE Volatility Index (VIX), cara mengukur indeks ketakutan didalam pasar- turun mencapai level 14, dimana level rata2 VIX sepanjang tahun ini sebesar 18.60 dan jauh lebih kecil dgn periode setara tahun lalu sebesar 22.50 serta beragamnya hasil data ekonomi dan Laporan Keuangan emiten, membuat ke-3 Indeks didalam jalur tertinggi semenjak April 2009.
Akibat lemahnya US Dollar membuat harga emas mencetak level tertinggi baru dan diperkirakan akan terus menguat krn The Fed akan melanjutkan kebijakan Q2 Jilid 3.
DOW 12763.31 +0.56%
NAS 2872.53 +0.09%
S&P 1360.48 +0.36%
OIL 112.77 -0.36%
GOLD 1536 +0.56%
NICKEL.26850. +0.83%
TIN.32050. -2%
CPO. RM.3321. +0.48%
TLK.35.34 (Rp 7580 )
IIT.30.26 (Rp.5193)
Fri IDX Range: 3780-3850
Friday Action Strategy:
BUY: HRUM, BJBR, ANTM, INCO, TINS, ITMG, BORN, PTBA, INDY, INTA, UNTR, BBNI, INTP, INDF, SMGR, MAPI
SELL: ELSA, GIAA, BLTA, BNBR, MIRA (ES-MNC Securities/Disclaimer On)
Have a Lovely Friday & GBU All....
Updating Performance on PTBA Q1/2011: Laba Bersih PTBA Naik Tajam 100.2%
Pd Q1/2011 PTBA membukukan kenaikan revenue sebesar +29.98% (+Rp 534 miliar) mjd sebesar Rp 1.243 triliun. Sementara Operating Profit yg dibukukan Q1/2011 NAIK TAJAM +123.36% (Rp 521.73 miliar) menjadi Rp 944.643 miliar. Alhasil, Net Profit yg dibukukan PTBA pd Q1/2011 juga naik tajam sebesar +100.2% (Rp 366.3 miliar) menjadi Rp 760.92 miliar (Edwin Sebayang-MNC Securities).
KOMENTAR KAMI: Revenue yg diperoleh PTBA in-line dgn eskpektasi awal kami, tetapi Operating Profit dan Net Profit yg dibukukan PTBA lebih tinggi dari ekspektasi awal kami. Melihat pencaain luar biasa tsb, Kami kembali Merekomendasikan BUY atas saham PTBA dengan TP Rp 26.500 dan kemungkinan besar saya akan meng-upgrade TP tsb. (ES-MNC Securities/Disclaimer On)
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• UOB KayHian Kelapa Gading •
Commentary.
Good news from property stocks like ASRI, APLN, ELTY, BSDE and SMRA. If you have been holding them since 2010 and booked paper losses, Friday, April 29, 2011 this report is important to you. Those stocks are bullish and are likely to record a new yearly high. Use this moment to BUY more at a lower price to get the best
average price. If you plan to make a new BUY, we strongly recommend ASRI, SMRA, and APLN for short-term investments.
Short-term analysis.
This week, the moon will transit to Pisces (28 April) and Aries (30 April) which could create a peak formation. We have found a potential time band between 27 and 29 April followed by a new moon phase on 3 May. The JCI will very
likely peak on those dates at 3,820-3,850 and then consolidate, which is a good time to accumulate big caps. Meanwhile, Mars and Jupiter will meet in a conjunction on 30 April. The price swing could be large and the market will be very attractive this week.
Special Review
Agung Podomoro Land (APLN IJ). The multi-week downside should end its run soon. The weekly momentum is bullish, followed by the bullish daily momentum. Also, the latest support in March coincides with the 90-day solar cycle, which is likely to be a trend change momentum. On 27 April, the stock breached its previous peak and closed
above Rp340 for the first time. The result is highly likely to be a multi-week upside with a target price of at least to Rp400.
Strategy. If you have been holding this stock since the IPO, BUY now to get a better average cost price, at least Rp400-415. We expect the target price to be reached this summer around June-July.
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BUMI RESOURCES MINERALS ( BRMS ) PRICE EST. 900 RUPIAH AT NOMURA. Bumi Resources Minerals of Indonesia Rated New ‘Buy’ at Nomura
BANK NEGARA INDONESIA ( BBNI ) ESTIMATE RAISED TO 5,000 RUPIAH AT CREDIT SUISSE. ESTIMATE RAISED FROM 4,300 RUPIAH AT CREDIT SUISSE
Astra International ( ASII ) 1Q Net Profit IDR4.3 Tln vs IDR3.01 Tln
Bukit Asam ( PTBA ) 1Q Net Profit IDR760.92 Bln Vs IDR365.70 Bln
Bank Central Asia ( BBCA )1Q Net Profit IDR2.02 Tln Vs IDR1.93 Tln
Borneo Lumbung Energy ( BORN ) 1Q Net Pft IDR425.91B Vs IDR10.32B
Bank Rakyat Indonesia ( BBRI )1Q Net Profit IDR3.26 Tln Vs IDR2.15 Tln
INDF 1Q Net Profit IDR1.23 Tln Vs IDR842.72 Bln
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Stock Pick :
ASRI, uptrend yg cakep, terlihat sdh di channel atas garis uptrendnya, jika pullback ke bawah, ada support di 290-295, dan yg terkuat di 275-280.
Sedangkan resistnya ada di 310 dan all time new hi 320.
Resist ada di 1340 dan 1360.
ENRG jika pullback ke bawah... ada support di 146 dan 141.
Always Happy Cuan...
disclaimer On.
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