Monday, January 1, 2018

Indonesia > Stock Picks for Tomorrow (Januari 2, 2018): WEGE.JK, GMFI.JK, ADRO.JK


Wika Gedung (WEGE.JK)
  • PT Wika Gedung Tbk get a new contract to build a mosque Al-Jabbar in West Java worth Rp 913 billion for a two years.
  • Undervalued and oversold stock
  • Bullish pattern
GMF Aero Asia (GMFI.JK)
  • GMF AeroAsia Partnership with KORR Group Australia. GMFI agreed on a strategic cooperation for international footprint in Australia with KORR Group. In signing this Strategic Partnership, GMFI and KORR Group agreed to cooperate in the working of Line Maintenance for aircraft type Boeing 737, the Boeing 787, Airbus A320 and Airbus A330. After the cooperation of South Korea and in Batam and Australia, then the company will be expanding into the area of the Middle East.
  • Undervalued  and oversold stock
  • Bullish pattern
Adaro Energy (ADRO.JK)

Adaro sell coke to Japan and Europe. Adaro Metcoal Companies producing high quality cooking coal. Until the end of September 2017, Adaro has been producing coal MetCoal coke as much as 670,000 tons. The price of coke about US $176 per ton. Even in the spot market price of coke can reach US $300 per ton. This price is much more expensive than thermal coal prices that only US $90 per ton.

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