Monthly Strategy-Sept (21-09-2011) (BUY):   "Koreksi membuat kesempatan beli"

• September ceria menjadi kelabu: Koreksi IHSG ke level 3.500-3.337 membuka kesempatan untuk trading buy untuk potensi rebound ke 3.700. 

• Valuasi perlu disesuakan: Walaupun fundamental economic indo bagus, namun valuasi PER relative ke regional tidak murah sehingga harga saham harus turun untuk adjust valuasi kedepan.

• Regional: Uncerntainty di Eropa, risk aversion membawa tekanan jual di IHSG dan melemahkan rupiah, yang terakhir akan membuat analis revise down proyeksi earnings dan price target IHSG.

• Domestic: Suku bunga rendah untuk bosst domestic GDP dan naiknya US$ akan membuat imported inflation sehingga semakin memancing capital outflow.

• Rekomendasi Portofolio & Target Price 1-bulan:

Yuganur Wijanarko

Senior Research.

(Yuganur@hdx.co.id)

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