15.45*

Selamat sore…

Kalau melihat kinerja perbankan pada gak karuan begini… sebenarnya saya kepingin menunggu BMRI dan BBRI keluar baru mau belanja.  Akan tetapi… melihat banyaknya saham yang sore ini sudah running diatas resisten… melihat IHSG yang sejak kemarin sebenarnya sudah bukan trend turun lagi.  Melihat posisi net buy asing yang kembali diatas Rp 200 miliar… godaan untuk belanja terasa semakin besar.

Apalagi… begitu melihat HSI ditutup pada level 22.129 .. diatas R2 22.118 … hehehe… saya mulai usil untuk melakukan positioning.  Baru sedikit sih.  Minimal… untuk baibek posisi yang saya lepas kemarin.  Kemarin soale saya gak sengaja jadi full cash.. setelah jemuran pagi saya semua digondol maling.

Ah… sedikit saja kok.  Kalau keliru paling-paling kan harus cut loss.

Kinerja emiten memang masih cenderung jelek.  Tapi.. ini IHSG mau turun juga sepertinya sulit.  Harga saham juga mau turun sepertinya juga sulit.  Saya hanya mengambil posisi spekulasi untuk dilihat besok seperti apa.

#cacing2naga2 deh.

Happy trading… semoga barokah!!!

Satrio Utomo

*diclaimer ON

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Global oil price drops amid over-supply in the market

Global oil price drops following investor’s concern of over-supply in the market. The West Texas Intermediate (WTI) reference for September shipment dropped US$1.06 to $43.13 per barrel in the New York Mercantile Exchange. This is the lowest in 3 months. In London, Brent North Sea for September shipment reached the lowest since May, dropping 97 cents at $44.72 per barrel. Analysts said that dollar rebound has given pressure to oil supply, thus the price remains high.

 

The post Global oil price drops amid over-supply in the market appeared first on The Insider Stories.

Source: The Insiderstories
Global oil price drops amid over-supply in the market

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The Insider Stories Morning Notes – JCI expected to be mixed, profit-taking looms

JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today with potential to go down later in the day as some players may cash out following recent days rally. Any declines, however, could offer buying opportunities for others to accumulate stocks, analysts say.

On Monday, the Jakarta Composite Index (JCI) closed up 23 points or up 0.45 percent at 5,220.

Overnight, DJIA fell 0.42 percent, S&P500 edged down 0.42 percent and Nasdaq edged lower 0.05 percent. EU stocks closed mixed, while Asian stocks also ended mixed, with Nikkei closed down 0.04 percent, Hang Seng closed up 0.13 percent and SSE edged lower 0.10 percent.

William Surya Wijaya, head of research of Asjaya Indosurya Securities, said that technically the JCI is expected to move within support level of 5,175 and resistance level of 5,288 points.

He said the capital inflow would help the JCI to maintain its uptrend direction in the short term. Given the ongoing strong capital inflow, he said, the JCI could still go up today, extending recent days rally, although some players already consider that the JCI is now in overbought zone.

Today’s menu:

– BBNI

– WIKA

– LSIP

– TBIG

– SMGR

– BBCA

– INDF

– MAPI

– PGAS

(*)

The post The Insider Stories Morning Notes – JCI expected to be mixed, profit-taking looms appeared first on The Insider Stories.

Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to be mixed, profit-taking looms

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Weak demand and rising yen weighs on Japan’s exports

By Harumi Taguchi, Principal Economist, IHS Global Insight

Key Points:

  • Japan’s trade surplus increased in June by 13.7% from the previous month to JPY335 billion (USD3 billion) on seasonally adjusted basis.
  • The trade balance also turned a surplus of JPY692 billion on non-seasonal adjusted basis, reflecting month-to-month (m/m) growth for exports (1.3%) which narrowed the year-on-year (y/y) declines for exports (-7.4%), while modest m/m growth of imports (0.6%) resulted in steeper y/y declines(-18.8%).
  • Weak y/y growth for exports was due largely to declines in export prices, due to a rising yen, which was partially offset by increase in export volumes.
  • While exports to Asia, the US and the European Union (EU) continued to fall, growth for export volumes to these markets turned positive, particularly for the US (2.9% y/y) for the first increase since April 2014.
  • The declines for imports were largely driven by weak commodity prices and yen strengthening, which widened declines for import prices, while import volume grew marginally at 0.4% y/y.
  • Although mineral fuels remain a major contributor, the weakness of imports also reflected declines for airplanes, computers, semiconductors and other products, suggesting sluggish demand and waning import substitution for some products caused by the Kumamoto Earthquake.

Outlook:

Japan’s trade balance is likely to remain in surplus over the near term and that any improvement will probably be limited, unless external demand picks up. The improvement for exports partially reflected waning disruption caused by the Kumamoto Earthquake, as well as yen strengthening and uncertainties about the influence of Brexit on exports. The y/y effect from weak oil prices are likely to gradually soften and lift overall import prices, but this could be partially offset by weak domestic demand and the effect from yen strength.

The post Weak demand and rising yen weighs on Japan’s exports appeared first on The Insider Stories.

Source: The Insiderstories
Weak demand and rising yen weighs on Japan’s exports

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Pertamina targeting to produce 656,000 boepd this eyar, Cepu 165,000 boepd

Direktur Utama PT Pertamina (Persero) Dwi Soetjipto (tengah) didampingi Direktur Hulu Syamsu Alam (kiri) dan Direktur Pemasaran Ahmad Bambang memberikan keterangan terkait pengadaan minyak mentah dan Bahan Bakar Minyak (BBM) oleh anak usaha Pertamina ( Int

JAKARTA (TheInsiderStories) – State-owned energy company PT Pertamina expects to produce 656,000 barrels of oil equivalent per day (boepd) in 2016, said the company in a a press statement. Its domestic oil and gas production growth is estimated to rise by 9.4 percent from 492,500 boepd in 2015 to 539,000 boepd this year.

Director of Pertamina for Upstream Syamsu Alam explained that 
this year’s production is targeted to grow by 8.1 percent compared to 2015 of 606,700 boepd. He added, the oil production is predicted to rise by 12.5 percent to 313,000 barrels per day (bopd) from a year ago of 278,000 bopd, while gas production is projected to increase 5 percent to 1.99 billion standard cubic feet per day.

Syamsu said, the domestic oil production will be contributed by the Banyu Urip field at around 75,000 bopd, while gas production is expected to reach 50 million standard cubic feet per day (MMSCFD) from the Matindok gas well. The overseas production, he said, is expected to rise by 3 percent to 117,000 boepd with the additional output coming from Algeria and Iraq. 
In the first semester of 2016 Pertamina’s oil production increased by 11.3 percent to 305,000 bopd compared with 274,000 bopd during the same period in 2015. Gas production reached 1,938 MMSCFD, increased by 15.8 percent from 1,710 MMSCFD in the same period 2015. In total, the oil and gas production reached 640,000 boepd from at 569,000 boepd in the same period last year. 
Cepu raises production to 185,000 bopd 
Other oil producer ExxonMobil Cepu Limited (EMCL) reported the crude oil production of the Banyuurip field within Cepu block has reached an average of 185,000 bopd in the past two months. The Cepu block is jointly owned by ExxonMobil and Pertamina, with EMCL acting as the operator.
Syamsu said, the oil production of the Banyuurip could increase to 200,000 bopd  this year. The Cepu block contributes around 20 percent to the country’s total production of 830,000 bopd, he stated.

Indonesia, once a member of the Organization of Petroleum Exporting Countries (OPEC) has become a net importers of oil with production declining while consumption grows from year to year. (*)

The post Pertamina targeting to produce 656,000 boepd this eyar, Cepu 165,000 boepd appeared first on The Insider Stories.

Source: The Insiderstories
Pertamina targeting to produce 656,000 boepd this eyar, Cepu 165,000 boepd

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