27 August 2013
EIDO - iShares MSCI Indonesia ETF
Started to accumulate stock index ETF - EIDO (iShares MSCI Indonesia ETF) at US$23.71 per unit on 26 Aug 2013.
Reasons
PE at 15.8, neither cheap nor expensive; Price NAV ratio at 0.80, cheap; 5-year high at 36.5, paid price 23.71 is cheap at 65% of it;
An intermediate correction from 36.5 to 23.01 in the form of three waves ABC likely close to completion;
Daily chart RSI 14 is about 20, oversold;
MACD also at oversold area, below or close to 1 year, 2 years, 5 years low.
I'm almost in cash position, it is time to begin to accumulate by probing buy for expected technical rebound.
Basic Information on EIDO - iShares MSCI Indonesia ETF
Top 10 Holdings (56.01% of Total Assets)
Company Symbol % Assets
Astra International Tbk ASII 10.29
PT Bank Central Asia Tbk BBCA 8.95
Telekomunikasi Indonesia (Persero) Tbk Class B TLKM 7.41
Bank Rakyat Indonesia (Persero) Tbk Class B BBRI 6.25
PT Bank Mandiri Persero Tbk BMRI 6.10
Perusahaan Gas Negara (Persero) Tbk Class B PGAS 4.55
Semen Indonesia Tbk SMGR 3.68
PT Unilever Indonesia Tbk UNVR 3.41
PT CHAROEN PPOKF 2.76
INTEGRATED PHARM INC INTP 2.61
Ratio
Average Price/Earnings 15.80
Average Price/Book 3.16
Average Price/Sales 2.28
Average Price/Cash flow 6.93
Reasons
PE at 15.8, neither cheap nor expensive; Price NAV ratio at 0.80, cheap; 5-year high at 36.5, paid price 23.71 is cheap at 65% of it;
An intermediate correction from 36.5 to 23.01 in the form of three waves ABC likely close to completion;
Daily chart RSI 14 is about 20, oversold;
MACD also at oversold area, below or close to 1 year, 2 years, 5 years low.
I'm almost in cash position, it is time to begin to accumulate by probing buy for expected technical rebound.
Basic Information on EIDO - iShares MSCI Indonesia ETF
Top 10 Holdings (56.01% of Total Assets)
Company Symbol % Assets
Astra International Tbk ASII 10.29
PT Bank Central Asia Tbk BBCA 8.95
Telekomunikasi Indonesia (Persero) Tbk Class B TLKM 7.41
Bank Rakyat Indonesia (Persero) Tbk Class B BBRI 6.25
PT Bank Mandiri Persero Tbk BMRI 6.10
Perusahaan Gas Negara (Persero) Tbk Class B PGAS 4.55
Semen Indonesia Tbk SMGR 3.68
PT Unilever Indonesia Tbk UNVR 3.41
PT CHAROEN PPOKF 2.76
INTEGRATED PHARM INC INTP 2.61
Ratio
Average Price/Earnings 15.80
Average Price/Book 3.16
Average Price/Sales 2.28
Average Price/Cash flow 6.93
Labels: Elliot Wave Analysis, ETF, Live Trading Records, Thoughts
