Elnusa Tbk (ELSA) Enjoying Opportune Backdrop
ELSA’s current jump in revenue is underpinned by the hike in global oil prices driving ELSA’s upstream oil and gas business.
ELSA’s current jump in revenue is underpinned by the hike in global oil prices driving ELSA’s upstream oil and gas business.
JCI closed higher yesterday as it boosted by the upgraded rating of government bond by Japan Credit Agency.
Although the pressure of surging government yield bond brings about the U.S. markets to bearish last night.
AISA posted the decline in sales from IDR1.4 trillion in 3Q16 into IDR809 billion in 3Q17
Sentiment positive derives from IMF and Moody’s statements giving the positive outlooks on the recent macroeconomic conditions in Indonesia.
We estimate JCI to lower with the support range of 6537-6547 and resistance range of 6621-6635.
Positive Outlook of 2018’s Events
We estimate JCI to be bearish with the support range of 6537-6547 and resistance range of 6656-6660 by today.
As such, it names INDY as KIDEKO’s major shareholder with the total shares ownership of 91%.