IHSG : 31 Mar.2011 diperkirakan di 3.625 – 3.675

.SUPPORT (IDR)	.RESISTANT (IDR)
3.557 - 3.608	3.658 - 3708

Indeks Harga Saham Gabungan (IHSG)

. akhirnya mampu ditutup di atas resistance 3.630.

Pola tersebut sekaligus memberikan indikasi bullish continuation bagi IHSG

. untuk meraih target bullish selanjutnya di area 3.700 – 3.750.

INCO

Rekomendasi : SELL

Support : 4.700, 4.525

Resistance : 4.800, 5.000

LPKR

Rekomendasi : Buy break 610, stop loss 580, target 650 - 700

Support : 590, 560

Resistance : 650, 700

31 March 2011    Bahana Beacon

Bank Mandiri – BMRI - BUY on the counter with target price of IDR7,500.

Bank Rakyat Indonesia – BBRI - HOLD target price of IDR5,800

Delta Dunia Makmur – DOID - BUY TP of IDR1,600.

Bank Central Asia – BBCA - HOLD TP of IDR7,250.

Timah – TINS  - BUY rating on TINS.

Bayan Resources – BYAN - HOLD, our target price of IDR18,700.

Adaro Energy – ADRO - Based TP of IDR3,050 and BUY.  

Summarecon Agung – SMRA - TP of IDR1,450. BUY.

Bakrie Telecom – BTEL - TP of IDR150 and reiterate our REDUCE rating on BTEL.

Citra Marga Nusaphala Persada – CMNP - TP of IDR1,500, to BUY from HOLD previously.

Indika Energy – INDY - BUY -based TP of IDR5,400

Alam Sutera –ASRI - BUY recommendation

CORPORATE RESULT FLASH

2010 results above market consensus
§        Bank Mandiri (BMRI-BUY-IDR6,500-TP:IDR7,500)
§        Bank Rakyat Indonesia (BBRI-HOLD-IDR5,400-TP:IDR5,800)
§        Bayan Resources (BYAN-HOLD-IDR17,400-TP:18,700)
§        Bank Tabungan Negara (BBTN-HOLD-IDR1,610-TP:IDR1650)
§        Timah (TINS-BUY-IDR2,600-TP:IDR3,150)

2010 results in line with market consensus
§        Bank Central Asia (BBCA-HOLD-IDR6,850-TP:IDR7,250)
§        Summarecon Agung (SMRA-BUY-IDR1,110-TP:IDR1,450)
§        AKR Corporindo (AKRA-BUY-IDR1,500-TP:IDR2,175)

2010 results below market consensus
§        Telekomunikasi Indonesia (TLKM-BUY-IDR7,200-TP:IDR9,800)
§        Adaro Energy (ADRO-BUY-IDR2,225-TP:IDR3,050)

§        Delta Dunia Makmur (DOID-BUY-IDR1,100-TP:1,900)