Made calculation and analysis for IHSG, currently only for shares traded in my friend portfolio and some famous company, the calculation I made using 10-year average growth method in Sales, earnings, ROE, cash, ROIC. This is only to qualify the company I want to hold for long term. Base on the calculation SMCB came out as top performing company, but something to note, the company already reached target price for 2013 at IDR 3,554.

You might notice I bought SMCB and hold it several days from 2350 to 2475 only to see the shares rocketing to 2800 (an increase of around 20%), sometime trading environment can influence trader inside the market and let them think market will turn away, this time it happen to me, I though market will bring this shares to 1800 although I already know this company was good company and worth to hold.

Well good news is the position close in profit that is what we must be grateful of. Scrolling down the list, VIVA, HRUM, INDF, ASII were the second choice, but I only want to watch VIVA and HRUM because the price currently below discount price base on my calculation. Aside from that I bought CTRA and ADHI before, and they jumped nicely its not only because of the calculation I made, but I looked at technical part and IHSG position.

Today IHSG is in bearish mode, not nice for me, because newest addition shares I bought resulted in minor floating loss, not erasing my winning last month but enough to sound alarm. Will update next post with analysis of company.