Saturday, September 13, 2014

STOCK RECOMMENDATION: CLIPAN FINANCE INDONESIA (CFIN)


This chart is taken on the 12th september 2014.

Stock Profil: PT Clipan Finance Indonesia Tbk (CFIN) is an Indonesia-based finance company primarily engaged in consumer financing business. The Company focuses on financing pre-owned non-commercial four-wheeled cars. It also offers factoring and lease financing. The focus of its lease financing business is on financing low-risk capital goods for transportation and commodity industries, such as new excavators and bulldozers produced by renowned authorized suppliers. Its factoring business is focused on purchasing and/or transferring domestic trade receivables of property and industrial sectors. Its branch offices are located in various areas across Indonesia, including Jakarta, Bogor, Depok, Medan, Bandung, Makassar, Manado, Balikpapan and Banjarmasin, among others.

Industry: Service finance

Stock analysis: last traded price CFIN successfully closed at 449, grow up 21 points or 4.68%. based on the last trade data, CFIN predicted to initiate a bullish phase and although there large gap.

Recomandation: speculative buy and hold for 3 or 4 days

Disclaimer on