Weekly Fixed Income | Jul 23 2018
Jasa Marga Tbk (JSMR) is looking for funding for capital need of IDR3 trillion—IDR4 trillion.
Jasa Marga Tbk (JSMR) is looking for funding for capital need of IDR3 trillion—IDR4 trillion.
Top Losers: Consumer (-1.34%), Infrastructure (-1.30%), Trade (-0.97%).
1Q18 Buoyant Top Line Performance
Top Gainers: Mining (+1.88%), Infrastructure (+1.53%), Agri. (+1.31%).
We estimate that today JCI moves at a higher pace with the support range of 5815-5823 and resistance range of 5932-5942.
ICBP enjoyed the buoyant sales of 4% from IDR9.45 trillion in 1Q17 to IDR9.88 trillion in 1Q18.
Investors performed profit taking as China recorded the 2Q18’s lagging economic growth.
Top Gainers: Misc Industries (+1.40%), Finance (+1.13%), Mining (+0.87%).
Investors eyed the Asia’s conducive market amid the lurking greenback.