AMRT potential Rebound

parahita_co Updated   
AMRT created a short-term downtrend and now it is in its strong support EMA 100 or 860.
There is a potential rebound with the strong confluence in the mid-long uptrend.

AMRT has allocated capital expenditure for IDR 3 Trillion for the year 2021. This capital expenditure has been realized for IDR 700 Billion in the 1st Quarter of 2021. The firm uses this capital expenditure for new store opening and store lease extension.
We projected an increase in revenue for 7% year on year (YoY) and net income for 4,6% year on year (YoY) for the year 2021.
My target price is 1150 with an adjusted beta of 0.6.
Thank God, AMRT has broken its resistance, I insist to secure the profit by sell half.
Based on the news, AMRT has scheduled a corporate action (Right Issue) to raise fund for digital expansion. Some folks also raise an issue that AMRT will continue their maneuver to gain more effectiveness by acquiring BANK (Bank Net Indonesia Syariah).

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