[BRIGHT INFO] "Just a Note"

Good day to you.

The DJAI fell 0.19 %. But the S&P added 0.31 % and the Nasdaq rose 1.09 %. DJIA Loses 3 % for the week.

Major Southeast Asian stock markets rose on Friday as index heavyweights attracted bargain hunters, with Singapore ending a six-day fall and Thai stocks up after interest rate comments from the Bank of Thailand.

Markets in the region tracked improving sentiment elsewhere in Asia as U.S. factory and jobs data provided more evidence that the global economy was starting to recover from its deep recession.

Recent sell-offs in Southeast Asian stocks had led to cheaply valued shares but investors were still looking for fresh reasons to buy. A U.S. Federal Reserve policy meeting next week may provide such a trigger, with signals on the economy.

The Indonesian index JCI was up 2 % on Friday, ending a 6.8 % fall over the previous four days, pushed up by a 4 % surge in Astra International and a 7.5 % gain in top lender Bank Mandiri.

Crude oil for July delivery fell $1.82, or 2.6 percent, to $69.55 a barrel on Friday on speculation that supplies of the motor fuel will climb as refineries bolster output and imports gain. Coal on Newcastle Port tumbled 7.74% from last week to $70.81. Tin fell 0.8 % to $14,825 a ton, while nickel rose 1.3 % to $15,200 a ton. Malaysian palm oil futures ended softer on Friday for the third consecutive day, touching a new 10-week intraday low.

Nothing changes on our fundamental economic but we must watch political situation carefully. Rupiah movement was one of trigger on our market. After surged at 10600 on Friday Morning rupiah pull back and strengthen to 10300.

My Top Pick is still same, TLKM, ANTM, INCO, TINS, BUMI, BNBR, and DEWA. Start Looking for BBRI, UNTR and PGAS as government wants 90% dividend from net profit. Especially on TINS, I think TINS will be very attractive this week with around 6% dividend yield.

“Do we need to rest here? Do we need to pull back? Or can it continue? "


[Personal Opinion ]
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DISCLAIMER: This report is issued by [BRIGHT INFO]. Although the contents of this document may represent the opinion of [BRIGHT INFO]. We cannot guarantee its accuracy and completeness.