Follow the Stonks

Garuda, one of Indonesia's best airline - and yes it is government owned, BUT they've raised the bar in regards to the services and quality of their plane and flight experiences. More routes are being flown by garuda, even to the small cities in Indonesia, making them a bigger player nationally. Garuda is currently in a bad shape, as it is not an old story. The net income of this airline has been negative across 2013, but offset it during Q4 2013 by 38% YoY. Early 2014, earnings has not been a cakewalk for the airline, Q1 is on par YoY, and Q2 only increased by 1.4% YoY. Net income has been treacherous, Q1 2014, a falling NI by more than 400% YoY, and Q2 is worsening by 135% QoQ. the chart is showing a massive upward trend during a couple of weeks, and people have made profit Friday alone. Foreign money already net sell almost 4mio in value, but the remaining 4,6mio are still holding on to it. Foreign net buy starts on the 15th of October of 1.4mio in value, which bring the pr...

For confirmation from yesterday's blog. The price did rise today during the first session. The volume bid is slightly higher than offered, but enough to bring the price up. The price is currently floating at 284, RSI confirms a rebound while MACD and MA are still waiting. Resistance line 306, support on 275. This will take days to make a confirmation whether the bull trend is coming, until MACD crosses.

RIGS is a service company which provide offshore support for various offshore exploration. Its main clients are in the energy industry, and of course coal and mining. Its income statements are not the best in its industry, but it looks like there have been some speculation on the market. The price drop by 25.7% in less than a month and on Thursday (11/06), there has been more bid than offer in the market. Even though the fundamental looks somewhat choppy, but the chart is showing that a bargain hunter will enter the market soon. Table 1 Table 1 is showing the closing activity on the 11th of November, bargain hunter seems like already enter the market, but sellers are not willing to sell on the asking price. The market for RIGS have not reached to an equilibrium on Thursday. If this activity continues during first session on Friday, the price may eventually go up. Now let's take a look at the technical side.  Assuming bought on the closing price, IDR 275, if the price breaks...

I finally decided to write again, after my last post. News have been very mixed lately, the inauguration of Joko Widodo, Indonesian 7th president was very fascinating. Many contributed in many ways, and all people from all walks of life came down to bunderan HI  to see the new president. Jokowi after his inauguration This is a rare sight in Indonesia, where everybody join in together to contribute to politics. Congratulation Mr. Joko Widodo, you have made Indonesia whole again, your people have high hopes on you. In other news, finally, after long awaited moment, despite the fact that the Central Statistic Agency of Indonesia have not released the data yet, investing.com have kindly alerted me on Indonesian GDP Q3 result, split by QoQ and YoY. Below is the snapshot of it. The world economy slowdown have affected much of the emerging market, and Indonesia is one of them. Another good news from abroad is the fact that QE in the U.S. no longer exist, thus the economy run on i...