[BRIGHT INFO] "A Cup of Tea"

Good day to you.
US Stocks rose on Wednesday as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery. The Dow rose 0.7 % to 8,504.06. It climbed as high as 8,580.47 in earlier trading, but then pared its gains as the day went on.

Southeast Asian stock markets ended mixed on Wednesday, with Indonesia climbing amid rate cut expectations while Singapore and Malaysia recouped early losses, pulled up by banks and developers. Asian stocks elsewhere were mixed at the start of the third quarter. The MSCI index of Asia-Pacific stocks outside Japan was up 0.04 %.

JCI rose 1.6 percent, snapping a three-day fall, ahead of Bank Indonesia's meeting on Friday to review rates, with moderating inflation expected to give it room to cut its key interest rate by 25 basis points, a Reuters poll showed.

Crude oil and gasoline fell after a U.S. government report showed that fuel supplies in the world’s biggest energy-consuming country rose more than forecast. Crude oil for August delivery fell 58 cents, or 0.8 % to settle at $69.31 a barrel. Nickel rose 7.3 % to $16,495 a ton and tin climbed 2.5 % to $14,500 a ton.

Malaysian palm oil futures dropped for a third consecutive trading day yesterday as lower-than- expected June palm oil exports sparked fears over the outlook for demand. The benchmark September palm oil contract on the Bursa Malaysia Derivatives Exchange lost RM32, or 1.4 %, to RM2,230 a tonne.

PMI China edged up to 53.2 in June from 53.1 in May and has been over 50 for four consecutive months. Domestic demand continues to drive new order growth. On The other hand Manufacturing in the U.S. shrank at the slowest pace since August 2008 and pending sales of existing homes advanced for a fourth month, underscoring signs the economy began to stabilize in the second quarter. The Institute for Supply Management’s factory index rose in June for a sixth straight month, to 44.8; readings less than 50 signal contraction.

With all positive data from local and region we are more positive for our outlook. We see that our market still have room to move up for medium term investment. I think we will adjust our EPS market and our target JCI for year-end. My view, Change JCI target from 2187.5 to 2375 point Index.

Today our market will move slightly positive with banking and commodity as a trigger. Maintain positive outlook for metal industry such as PMI and ISM data improve. Continue accumulating coal sector such as demand energy from china and US continue to growth.

Top Pick : INCO, ANTM, TINS, TLKM, BBRI, BMRI, BUMI, ADRO, PTBA, UNTR, ASII, RALS.

“Investing for Growth - CONTINUE”


[Personal Opinion ]
=====================================================================================
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.