In today’s briefing:
- Bank Mandiri (BMRI IJ) – Dancing to a Digital Tune
- EQD | The S&P500 WEEKLY Rally Is At A Crucial Fork: Higher or Lower?
Bank Mandiri (BMRI IJ) – Dancing to a Digital Tune
- Bank Mandiri (BMRI IJ) stands out from its SOE peers in the progress it has made in digitising its business through the Livin’ mobile app and KOPRA for corporate customers.
- The bank continues to outperform in terms of loan growth and risk management, which is reflected in a higher ROE and lower credit costs as LAR continue to decline.
- Bank Mandiri should see a strong finish to the year well within guidance, with a healthy outlook for 2024 given its healthy capital position and competitive cost base.
EQD | The S&P500 WEEKLY Rally Is At A Crucial Fork: Higher or Lower?
- The S&P 500 INDEX has been closing up for 9 consecutive weeks (CC=+9). In theory it could go higher for another 3 weeks, but it is ultra-OVERBOUGHT.
- The market has moved past the Tails resistance limit at 4747 this last week, rallying more than +15% from the bottom on October 26th.
- A SHORT trade may not be effective but being prepared for a pullback is a good idea, maybe just to add positions at better prices (assuming the rally will continue).
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