C lo sing 1-D ay C hg () YT D C hg ()

  ID X S t a t is t ic s C lo s ing

  8.60 FTSE 6,995.91 (0.16) (9.00) NIKKEI 22,694.66 0.46 (0.31) HA NG SENG 25,801.49 2.12 (13.76) STRA ITS TIM ES 3,069.17 0.71 (9.81) KLSE 1,730.74 1.30 (3.68)

  Monday, October 15, 2018 Source: Bloomberg, Sinarmas Investment Research

  Sementara LQ45 naik sebanyak 9.1 poin (1.02%) ke level 902.79. Foreign net sell sebesar Rp 1196.71 miliar.

  5,000 10,000 15,000 20,000

  3,000 4,000 5,000 6,000 7,000

  Volume JCI Index

DOW JONES 25,339.99

  2.29

  JCI 5,756.49 Transactio n Value Regular M arket (IDR tn) 5.438 Transactio n Vo lume Regular M arket (mn shares) 6,021 Fo reign Net B uy (Sell) (IDR bn) (1,197) Fo reign Net B uy (Sell) (4.12) To tal M arket Capitalizatio n (IDR tn) 6,522.53 LQ45 902.79 1.02 (16.36) EIDO

  3.50 NA SDA Q 7,496.89

  1.42

  2.51 S&P 500 2,767.13

  1.15

  19.36 1.63 (22.06)

  IDX

  21.46 1.71 (24.52)

   Dari dalam negeri, Kementrian Energi dan Sumber Daya Mineral (ESDM) menyatakan produksi batu bara hingga kuartal ketiga tahun ini telah mencapai 319 juta ton. Real- isasi tersebut sudah mencapai sekitar 65% dari target ta- hun ini yang ditetapkan sebesar 485 juta ton.

USD/IDR 15,218.00

  8.10 Crude Oil (USD/barrel) 72.16 8:00:53 A M

   Secara teknikal indeks hari Senin (15/10), IHSG diprediksi bergerak di kisaran 5660-5832.

  0.00

  10.80 EUR/IDR 17,552.46 (0.66)

  7.69 JP Y/IDR 135.74

  0.02

  11.40 SGD/IDR 11,023.99 (0.46)

  Top BUY: SMGR, TLKM BoW: ANTM, WIKA www.sinarmassekuritas.co.id See important disclaimer at the end of this report IHSG naik sebanyak 53.7 poin (0.94%) ke level 5756.49.

  8.04 A UD/IDR 10,791.77 (0.61)

   Sehubungan dengan emiten, Ramayana Lestari (RALS) mengantongi penjualan kotor senilai Rp6,67 triliun sepan- jang Januari—September 2018 dan SSSG mencapai 2,4%. Penjualan produk-produk segmen fashion naik 10,5%. Ada pun, penjualan segmen supermarket turun 19,4% .

  8.33 Natural Gas (USD/mmB tu) 3.21 7:59:48 A M

   Sehubungan dengan emiten, Semen Indonesia (SMGR) mencatatkan pertumbuhan penjualan domestik sebesar 7,3% pada bulan September 2018. Konsumsi semen na- sional pada bulan September meningkat 7,4% dan kuartal III - 2018 naik 4,3% .

   Dari dalam negeri, Gabungan Industri Kendaraan Bermo- tor Indonesia (Gaikindo), penjualan ritel mobil pada Janu- ari—September 2018 tercatat 851.430 unit atau bertum- buh 10,85% secara tahunan.

  1.96 GB P /IDR 19,923.96 (1.23)

  La s t T ra ns a c t io n Y T D C hg ( %) C o m m o dit ie s O t he r Indic e s C lo s ing 1- D a y C hg ( %) Y T D C hg ( %) C urre nc y S po t R a t e R a t e ( ID R ) 1- D a y C hg ( %) Y T D C hg ( %) Today’s Market:  IHSG diperkirakan bergerak mixed. Bursa AS ditutup men- guat pada perdagangan Jumat (12/10). Harga crude oil naik ke level USD 72.16 per barrel. Harga batubara naik ke level USD 109.20 per Mt. Rupiah bergerak stabil ter- hadap Dollar AS ke level Rp 15.218. 10Yr Government Bonds Yield naik ke level 8.76%.

  6.27 P ric e

  21.37 Co rn (USD/bushel) 372.75 8:00:04 A M

  8.67 Go ld (USD/o unce) 1,221.48 8:10:54 A M (6.23) Nickel (USD/mn to ns) 12,720.00 8:10:53 A M (0.31) Tins (USD/mn to ns) 19,125.00 10/12/2018 (4.49) CP O (M YR/mn to ns) 2,113.00 10/12/2018 (13.54) Rubber (JP Y/kg) 153.50 8:04:11 A M (25.27) Wheat (USD/bushel) 518.25 8:00:49 A M

  19.43 Co al (USD/mn to ns) 109.20 10/12/2018

  Daily Corporate and Industry News

Indonesia menunjukkan keseriusan dalam mengembangkan ekonomi syariah dengan peluncuran Prinsip Prinsip Inti

Wakaf atau Waqf Core Principles (WCP) dan Waqf linked sukuk senilai Rp21 miliar di sela-sela Pertemuan Tahunan

  IMF-World Bank Group 2018, Minggu (14/10). Source: Bisnis Indonesia

Indonesia meraih kepercayaan investor maupun lembaga keuangan global dalam pertemuan tahunan International

Monetary Fund - World Bank (IMF - WB), yang berlangsung 8 - 14 Oktober 2018 di Bali. Kesepakatan investasi lang-

sung dan portofolio US$ 13,5 miliar, kerja sama keuangan local currency swap arrangements US$ 10 miliar dengan

Monetary Authority Singapore, serta perluasan jaringan ekspor dan pariwisata akan mendukung stabilitas nilai tukar

rupiah, pengembangan pasar modal, sekaligus resiliensi ekonomi nasional dalam jangka panjang. Source: Investor

Daily

Dua lembaga multilateral, Bank Pembangunan Asia (Asia Development Bank/ADB) dan Bank Dunia, berkomitmen

untuk memberikan bantuan pinjaman kepada Indonesia hingga total US$2 miliar atau setara Rp 30,4 triliun untuk

penanganan pasca gempa dan tsunami yang melanda Lombok, Nusa Tenggara Barat (NTB) dan sejumlah wilayah di

Sulawesi Tengah. Masing-masing berbagi rata siap untuk membantu hingga US $1 miliar. Source: Investor Daily

Ekspor minyak sawit nasional akan mencapai 33,87 juta ton hingga akhir tahun ini, atau melonjak 5,25% dari real-

isasi sepanjang 2017 yang sebesar 32,18 juta ton. Kenaikan kinerja ekspor yang tidak terlalu signifikan tersebut sa-

lah satunya dipicu oleh masih rendahnya permintaan minyak sawit di pasar global. Sementara sepanjang Januari -

Agustus 2018, total ekspor minyak sawit nasional telah mencapai 19,96 juta ton. Source: Investor Daily

Konsumsi semen nasional pada kuartal III - 2018 naik 4.3% menjadi 49,7 juta ton dibanding periode sama tahun

lalu. Peningkatan ini di bawah ekspektasi industri yang sebesar 10%. Source: Investor Daily

Berdasarkan data Gabungan Industri Kendaraan Bermotor Indonesia (Gaikindo), penjualan ritel mobil pada Januari—

September 2018 tercatat 851.430 unit atau bertumbuh 10,85% dibandingkan dengan periode yang sama tahun lalu,

yakni 768.120 unit. Source: Bisnis Indonesia

Kementrian Energi dan Sumber Daya Mineral (ESDM) menyatakan produksi batu bara hingga kuartal ketiga tahun ini

telah mencapai 319 juta ton. Realisasi itu sudah mencapai sekitar 65% dari target tahun ini yang ditetapkan sebesar

485 juta ton. Sementara realisasi pasokan batubara dalam negeri (domestic market obligation/ DMO) masih dalam

tahap evaluasi. Source: Investor Daily

Pemerintah mengakui perluasan program mandatori biodiesel 20% (B20) belum berjalan 100%. Atas kondisi ini, ba-

dan usaha yang wajib menjalankan program ini berpotensi terkena denda sekitar Rp 270 miliar. Source: Investor

Daily

Panen gandum di Kanada tertunda selama 5 pekan karena cuaca bersalju sehingga memicu penguatan harga. Kenai-

kan harga di bursa Chicago Board of Trade (CBOT) mencapai 21,14% sepanjang 2018 berjalan. Pada penutupan

perdagangan Jumat (12/10), harga menguat 9,25 poin atau 1,82% menjadi US$517,25 sen per bushel. Source:

Bisnis Indonesia

Bank Negara Indonesia (BBNI) mendukung Garuda Indonesia (GIAA) melalui penyediaan Stand By Letter of Credit

(SBLC) untuk Pengelolaan Dana Perawatan Pesawat. BNI juga memberikan fasilitas Non Cash Loan kepada Garuda

Indonesia sebesar USD 200 Juta yang merupakan persetujuan awal dari rencana sampai dengan USD 400 juta.

Source: Bisnis Indonesia

Bank Central Asia (BBCA) hingga kuartal III-2018 mencatat pertumbuhan kredit pemilikan rumah (KPR) sebesar

10% secara tahunan (year on year/yoy). Hingga akhir tahun ini perseroan menargetkan KPR bisa meningkat 10-

12% (yoy). Source: Investor Daily

Telekomunikasi Indonesia (TLKM) mulai menyiapkan anggaran belanja modal atau capital expenditure (capex) untuk

2019. Perusahaan ini menyediakan 22%-25% dari pendapatan akhir 2018 untuk belanja modal tahun depan. Perus-

ahaan menargetkan kinerja naik dua digit atau kurang lebih 10% dibanding pendapatan 2017, yakni Rp 128,26 tri-

liun. Belanja modal TLKM akan mencapai Rp 35,27 triliun di tahun depan apabila target tercapai. Source: Kontan

Wijaya Karya (WIKA), Margautama Nusantara (META), Summarecon Agung (SMRA) membentuk konsorsium untuk

memprakarsai pembangunan Bandung intra Urban Toll Road dengan perkiraan nilai investasi Rp10 triliun sepanjang

25,35 kilometer. Saat ini konsorsium tengah menyiapkan studi kelayakan baru nanti ada tahap pelelangan. Source:

Bisnis Indonesia

  See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  Daily Corporate and Industry News

Wijaya Karya (WIKA) mengantongi kontrak baru sebesar Rp 25,32 triliun 9M18 (43,57% dari target 2018), se-

dangkan Adhi Karya (ADHI) mengantongi kontrak baru sebesar Rp 11,40 triliun (48,93% dari target 2018). Source:

Bisnis Indonesia

Kino Indonesia (KINO) menargetkan pertumbuhan penjualan 10% dan laba bersih 35%. Tahun lalu penjualan ter-

catat Rp 3,16 triliun. Sepanjang Oktober ini, Kino Indonesia menggelar dua aksi korporasi strategis. Melalui Kino In-

ternational Pte Ltd, dibentuk perusahaan patungan bernama Kino Care Consumer (Cambodia) Co Ltd. Kemudian pa-

da 10 Oktober 2018, Kino Indonesia membeli saham Morinaga & Co Ltd yang dimiliki PT Morinaga Kino Indonesia

senilai Rp 74,89 miliar. Source: Kontan.

  

Ramayana Lestari (RALS) perusahaan akan meningkatkan inventory untuk mengantisipasi Natal dan Tahun Baru.

RALS mengantongi penjualan kotor senilai Rp6,67 triliun sepanjang Januari—September 2018 dan same store sales

growth/SSSG mencapai 2,4%. Penjualan produk-produk segmen fesyen naik 10,5%. Ada pun, penjualan segmen

supermarket turun 19,4% pada periode tersebut. Source: Bisnis Indonesia

PT Kota Satu Properti akan melangsungkan penawaran umum perdana (initial public offering/IPO) dengan mena-

warkan maksimum 500 juta saham atau setara 40% kepada publik. Perseroan berniat menggunakan seluruh dana

  IPO untuk keperluan modal kerja perusahaan. Source: Investor Daily

Bank Dinar Indonesia (DNAR) secara resmi menerima persetujuan Otoritas Jasa Keuangan untuk meneruskan

rencana akuisisi saham oleh investor asal Korea Selatan APRO Financial Co Ltd. sebesar 77,38%. Source: Bisnis In-

donesia

  See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  World Equity Indices Source: Bloomberg, Sinarmas Investment Research www.sinarmassekuritas.co.id See important disclaimer at the end of this report WO R LD E Q UIT Y IN D IC E S N O T IC KE R

  15.96

  8.99

  7.77

  1.46 1.37 6,756.76

  51.78

  26 NKY Index 24,448.07 20,347.49 (70.28) (0.31)

  19.40

  1.90 1.84 384,278.88 3,431.37

  3.39 3.36 4,112,858.37 270.62

  27 NEY Index 376.09 323.31 (17.51) (4.90)

  16.05

  12.18

  1.38 1.26 431,869.18 3,856.32

  28 TP X Index 1,911.31 1,645.16 (115.11) (6.33)

  16.34

  13.23

  25 KSE100 Index 47,144.12 37,405.40 (2,953.55) (7.30)

  15.52

  29 FB M KLCI Index 1,896.03 1,657.78 (66.07) (3.68)

  22 NIFTY Index 11,760.20 9,951.90 (58.20) (0.55)

  7.79

  1.05 1.05 10,768.08 1,374.27

  21 SENSEX Index 38,989.65 32,247.74 676.75

  1.99

  24.56

  18.64

  3.12 2.91 62,304.65 845.78

  23.84

  21.16

  18.06

  3.12 2.89 76,634.81 1,040.32

  23 JCI Index 6,693.47 5,557.56 (599.16) (9.43)

  24.62

  14.88

  2.58 2.53 6,522,530.82 429.17

  24 LQ45 Index 1,132.92 871.91 (176.60) (16.36)

  1.41 1.37 639,974.85 5,714.57

  16.68

  20 HSCEI Index 13,962.53 9,975.77 (1,410.21) (12.04)

  2.08 2.05 17,105.94 521.97

  34 TWSE Index 11,270.18 9,740.76 (597.05) (5.61)

  15.55

  12.90

  1.75 1.60 29,775.80 963.49

  35 SET Index 1,852.51 1,584.68 (57.55) (3.28)

  18.90

  15.73

  36 SET50 Index 1,223.67 1,043.32 (20.52) (1.81)

  8.70

  17.52

  15.44

  2.26 2.23 11,715.30 357.48

  37 VNINDEX Index 1,211.34 814.20 (14.16) (1.44)

  19.13

  16.82

  2.81 2.76 3,113,815.81 133.47

  1.05 0.99 1,399,243.90 1,234.16

  12.69

  16.65

  82.80

  1.67 1.58 1,079.09 259.41

  30 NZSE Index 1,652.90 1,433.28

  37.28

  2.47

  19.27

  20.57

  2.03 1.94 127.25

  31 P COM P Index 9,078.37 6,790.58 (1,553.65) (18.15)

  33 KOSP I Index 2,607.10 2,129.13 (305.64) (12.39)

  22.98

  16.30

  2.51 2.40 8,818.77 162.97

  32 FSSTI Index 3,641.65 3,035.20 (333.75) (9.81)

  11.07

  12.46

  1.22 1.20 532.13 386.08

  9.18

  1.39 1.35 16,798.14 2,143.85

  1 INDU Index 26,951.81 22,855.93 620.77

  7 UKX Index 7,903.50 6,866.94 (691.86) (9.00)

  19.72

  16.17

  2.65 2.57 5,694.46 300.72

  6 SX5E Index 3,708.82 3,193.40 (309.55) (8.83)

  18.41

  13.21

  1.67 1.66 2,755.46 3,186.14

  23.26

  1.91 1.84 2,364.28 1,812.68

  12.52

  1.97 1.89 1,927.96 2,536.61

  8 CA C Index 5,657.44 5,038.12 (216.58) (4.08)

  18.43

  13.59

  1.67 1.59 1,512.15 1,748.50

  9 DA X Index 13,596.89 11,514.55 (1,393.83) (10.79)

  5 M EXB OL Index 51,121.23 44,429.36 (1,910.37) (3.87)

  14.96

  12.48

  22.49

  2.51

  20.64

  16.00

  3.88 3.74 7,106.45 7,106.45

  2 SP X Index 2,940.91 2,532.69

  93.52

  3.50

  16.99

  19.79

  3.30 3.16 24,250.52 24,250.52

  3 CCM P Index 8,133.30 6,517.93 593.51

  8.60

  40.71

  21.97

  3.80 3.57 11,720.60 11,720.60

  4 SP TSX Index 16,586.46 14,785.78 (794.84) (4.90)

  19.19

  1.86 1.84 1,067.94 1,234.86

  10.70

  16.86

  15.00

  2.00 1.86 1,913.02 1,359.96

  16 SHSZ300 Index 4,403.34 3,094.97 (860.13) (21.34)

  16.47

  10.86

  2.05 2.04 25,399.97 3,669.35

  17 SHA SHR Index 3,757.20 2,656.45 (733.43) (21.18)

  10.64

  15 A S30 Index 6,481.30 5,834.00 (160.73) (2.61)

  1.80 1.79 27,764.35 4,010.91

  18 SZA SHR Index 2,140.56 1,310.59 (631.26) (31.78)

  29.07

  15.00

  3.12 3.01 16,586.85 2,396.18

  19 HSI Index 33,484.08 25,125.22 (4,117.66) (13.76)

  13.71

  18.90

  2.08 1.95 1,762.26 1,252.79

  10 IB EX Index 10,643.40 8,897.80 (1,141.90) (11.37)

  18.84

  14.97

  11.65

  1.47 1.40 553.85 640.42

  11 FTSEM IB Index 24,544.26 19,254.75 (2,597.36) (11.89) 581.58

  10.55

  1.18 1.01 457.71 529.25

  12 A EX Index 576.90 515.96 (28.29) (5.19)

  13.84

  14.84

  1.91 1.80 633.02 731.96

  13 SM I Index 9,616.38 8,372.90 (721.49) (7.69)

  24.52

  15.15

  2.59 2.48 1,050.06 1,059.70

  14 A S51 Index 6,373.50 5,724.80 (169.46) (2.79)

  17.95

  A m e ric a 2 0 17 2 0 18 E D o m a in C urre nc y US D LO W P O IN T % 2 0 17 2 0 18 E A s ia / P a c if ic 5 2 - WE E K C H A N G E Y T D P E R ( x) P B V ( x) M A R KE T C A P ( B n) E uro pe H IG H

  LQ45 Source: Bloomberg, Sinarmas Investment Research www.sinarmassekuritas.co.id See important disclaimer at the end of this report LQ45 Index HIGH LOW POINT % 2017 2018E 2017 2018E

  9.72

  21.14

  20.77

  13.95

  0.99 1.07 51,392.00

  31 PTBA IJ 4,560 4,940 2,090 2,100

  85.37

  5.79

  1.91 3.09 52,534.21

  15 13.64 - - - - 10,837.90

  32 PTPP IJ 1,600 3,280 1,465 (1,040) (39.39)

  11.26

  5.75

  1.43 0.77 9,919.84

  33 PWON IJ 440 725 438 (245) (35.77)

  17.62

  9.70

  3.20 1.74 21,190.23

  30 PGAS IJ 2,120 2,860 1,505 370

  29 MYRX IJ 125 198 101

  27.24

  18.09

  21.11

  15.96

  3.08 1.89 31,644.32

  25 KLBF IJ 1,270 1,785 1,155 (420) (24.85)

  32.96

  24.10

  5.96 4.09 59,531.41

  26 LPKR IJ 298 735 294 (190) (38.93)

  8.67

  1.86 1.04 10,778.46

  0.49 0.32 6,879.98

  27 LPPF IJ 5,975 11,975 5,525 (4,025) (40.25)

  15.29

  8.81

  12.53 4.71 17,434.56

  28 MNCN IJ 755 1,690 700 (530) (41.25)

  11.78

  7.02

  34 SCMA IJ 1,775 2,980 1,645 (705) (28.43)

  15.77

  3.29 2.77 62,212.82

  7.79

  2.91 2.27 118,152.03

  42 UNVR IJ 44,300 58,100 40,400 (11,600) (20.75)

  60.89

  44.16

  82.44 55.79 338,009.00

  43 WIKA IJ 1,290 2,190 1,210 (260) (16.77)

  11.55

  1.10 0.82 11,571.24

  17.84

  44 WSBP IJ 348 510 340 (60) (14.71)

  10.56

  7.55

  1.47 1.01 9,173.68

  45 WSKT IJ 1,615 3,150 1,575 (595) (26.92)

  7.38

  4.72

  2.14 1.23 21,921.85

  11.48

  41 UNTR IJ 31,675 40,500 30,775 (3,725) (10.52)

  9.30 5.08 25,953.34

  3.54 2.64 12,001.50

  35 SMGR IJ 8,900 11,775 6,500 (1,000) (10.10)

  29.14

  26.27

  2.03 1.75 52,790.53

  36 SRIL IJ 318 414 302 (62) (16.32) 7.26 - 1.18 - 6,503.79

  37 SSMS IJ 1,260 1,545 1,005 (240) (16.00)

  17.92

  14.08

  38 TLKM IJ 3,680 4,439 3,250 (719) (16.34)

  38 19.19 - - - - 11,713.55

  19.68

  17.26

  4.70 3.62 364,548.96

  39 TPIA IJ 4,540 6,675 4,300 (1,460) (24.33)

  23.81

  27.16

  4.74 3.01 80,964.18

  40 TRAM IJ 236 432 128

  24 JSMR IJ 4,360 6,775 3,920 (2,040) (31.88)

  48.96

  1 ADHI IJ 1,290 2,510 1,265 (595) (31.56)

  11.19

  4.11 3.82 573,228.96

  7 BBNI IJ 6,925 10,175 6,675 (2,975) (30.05)

  13.56

  8.42

  1.87 1.20 129,141.95

  8 BBRI IJ 2,950 3,920 2,720 (690) (18.96)

  15.34

  2.67 1.95 363,870.14

  23.17

  9 BBTN IJ 2,340 3,890 2,110 (1,230) (34.45)

  12.49

  7.35

  1.75 1.00 24,780.60

  10 BJBR IJ 1,955 2,730 1,795 (445) (18.54)

  19.20

  12.52

  2.31 1.81 18,956.25

  22.23

  6.16

  20.93

  28.11

  13.02

  5.77

  1.15 0.69 4,593.50

  2 ADRO IJ 1,710 2,650 1,575 (150) (8.06)

  9.06

  7.50

  1.26 0.97 54,696.00

  3 AKRA IJ 3,740 8,025 3,220 (2,610) (41.10)

  14.17

  6 BBCA IJ 23,250 25,475 20,050 1,350

  3.37 1.77 15,014.96

  4 ANTM IJ 795 1,015 600 170 27.20 -

  25.75

  0.81 1.03 19,104.46

  5 ASII IJ 6,850 8,750 6,100 (1,450) (17.47)

  17.83

  13.11

  2.72 2.05 277,312.34

  11 BMRI IJ 6,400 9,050 6,175 (1,600) (20.00)

  11.75

  43.45

  1.16 1.15 33,386.10

  16.13 12.43 437,355.97

  19 ICBP IJ 8,725 9,275 7,900 (175) (1.97)

  27.31

  24.26

  5.31 4.69 101,750.15

  20 INCO IJ 3,360 4,720 2,570 470 16.26 -

  27.64

  21 INDF IJ 5,575 8,500 5,500 (2,050) (26.89)

  43.54

  16.18

  11.12

  2.15 1.44 48,950.88

  22 INDY IJ 2,650 4,630 2,160 (410) (13.40)

  3.50

  4.59

  1.27 0.92 13,807.01

  23 INTP IJ 16,900 23,950 12,500 (5,050) (23.01)

  33.22

  18 HMSP IJ 3,760 5,550 3,230 (970) (20.51)

  2.24 1.65 298,666.67

  1.29 0.68 19,054.23

  12 BMTR IJ 360 755 352 (230) (38.98) - - 0.88 - 5,111.50

  13 BRPT IJ 1,800 2,720 1,510 (460) (20.35)

  30.00

  19.74

  2.16 1.17 32,024.86

  14 BSDE IJ 990 1,965 930 (710) (41.76)

  6.61

  7.19

  15 BUMI IJ 190 356 188 (80) (29.63)

  3.82 3.10 142,911.64

  2.57 2.08 - - 12,440.32

  16 EXCL IJ 2,770 1,710 (190) (6.42)

  85.16

  75.38

  1.46 1.34 29,605.65

  17 GGRM IJ 74,275 86,400 61,925 (9,525) (11.37)

  20.80

  16.94

  MARKET CAP (Bn) LQ45 Index CHANGE YTD PER (x) PBV (x) 12-Oct-18 52-WEEK

  Macro data S e c t o rs D e s c ript io n 1- D a y ( %) 5 - D a ys ( %) 1- M o nt h ( %) Y T D ( %)

  P ro perty 0.47 (0.37) (6.07) (18.36) B asic Industry

  0.86 0.45 (6.21)

  8.87 Trade 0.55 (1.12) (3.72) (13.78) Finance

  1.69 0.56 (2.88) (9.02) M iscellaneo us Industry 1.63 (1.07) (3.40) (13.91) Co nsumer (0.41) 2.02 (2.44) (15.12) Infrastructure

  2.06 1.80 (0.21) (12.75) A griculture 0.04 (1.66) (6.35) (5.82) M ining 0.95 (2.39)

  0.48

  20.84 E c o no m ic Indic a t o rs

  E c o no m ic P a ra m e t e rs S e p- 18 A ug- 18

  Inflatio n YTD (in %)

  1.94

  3.61 Inflatio n Yo Y (in %)

  2.88

  3.20 Inflatio n M o M (in %) -0.18 -0.05 Fo reign Reserves (in USD bn)

  114.85 117.93

  F O R E X S po t R a t e 1- D a y ( %) 1- M o nt h ( %) Y T D ( %)

  USD/IDR - 15,230.00 (2.30) (11.00) USD/CNY 6.92 (0.46) (1.02) (6.00) USD/EUR

  0.87

  0.08

  1.15

  3.93 USD/JP Y 112.07 0.12 (0.20)

  0.55 USD/SGD 1.38 (0.08) (0.53) (3.14) USD/A UD

  1.41

  0.14

  1.08

  9.92 USD/GB P

  0.76

  0.33

  0.36

  3.04 Le nding a nd D e po s it R a t e s ( in %) JIB OR (in IDR)

  7.56 LIB OR (in GB P )

  1.09 SIB OR ( in USD)

  1.46 Indo nesia 5-Year Go vernment B o nds Yield

  8.48 Indo nesia 10-Year Go vernment B o nds Yield

8.76 Source: Bloomberg, Sinarmas Investment Research

  See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  St a t e Bu dge t 2 0 1 6 2 0 1 7 2 0 1 8

  I N D I CA T OR LKPP A PBN P RA PBN GD P Gr ow th ( % , YoY) 5,0% 5,2% 5,4% Ex change r ate ( USD / I D R) 13307 13300 13500 I nflation ( % , YoY)

  3% 4,3% 3,5%

  3 Months SPN ( % ) 5,7% 5,2% 5,3% I ndonesian C r ude Oil ( USD / bar r el)

  40

  45

  48 Oil Lifting ( thousands bar r el/ day ) 829 815 800 Gas Lifting ( thousands, BOE/ day )

  1.18

  1.15

  1.2 Total State Budget ( in I D R tr illion) 1556 1714 1878 Upcom in g I PO

  I PO I ssu e d Co m p a n y Bu sin e ss Pr ice Sh a r e s Of f e r in g Da t e ( 2 0 1 7 ) List in g Un d e r w r it e r ( Rp ) ( Mn ) Madusar i Mur ni I ndah 495.9 23/ 08/ 2018 - 27/ 08/ 2018 30- Aug- 18 Tr im itr a Pr oper tindo Tbk 773.3 10/ 07/ 2018 - 14/ 08/ 2018 23- Aug- 18 MD Pictur es Tbk 1981.0 25/ 07/ 2018 - 31/ 07/ 2018 07- Aug- 18 Mahk ota Gr oup Tbk 703.7 03/ 07/ 2018 - 09/ 07/ 2018 12- Jul- 18 NFC I ndonesia Tbk 166.7 03/ 07/ 2018 - 05/ 07/ 2018 12- Jul- 18

  D ivide n d

St o ck D PS ( Rp ) St a t u s Cu m D a t e Ex D a t e Re co r d in g Pa y m e n t

  AALI 112 04/ 10/ 2018 05/ 10/ 2018 09/ 10/ 2018 19/ 10/ 2018 ASI I

  60 04/ 10/ 2018 05/ 10/ 2018 09/ 10/ 2018 31/ 10/ 2018 BSSR 151 02/ 10/ 2018 03/ 10/ 2018 05/ 10/ 2018 19/ 10/ 2018 D VLA

  37 02/ 10/ 2018 03/ 10/ 2018 05/ 10/ 2018 26/ 10/ 2018 TPI A USD 0.00162 28/ 09/ 2018 01/ 10/ 2018 03/ 10/ 2018 24/ 10/ 2018

  HEXA USD 0.02148 25/ 09/ 2018 26/ 09/ 2018 28/ 09/ 2018 19/ 10/ 2018

  I KBI

  5 18/ 09/ 2018 19/ 09/ 2018 21/ 09/ 2018 10/ 10/ 2018

XI SB

  1.98 13/ 09/ 2018 14/ 09/ 2018 18/ 09/ 2018 20/ 09/ 2018 JPFA 50 05/ 09/ 2018 06/ 09/ 2018 10/ 09/ 2018 24/ 09/ 2018

  Righ t s I ssu e T ick e r Ra t io Pr ice ( Rp ) Cu m Da t e EX Da t e T r a d in g RBMS 99 : 100 200 05/ 10/ 2018 08/ 10/ 2018 12/ 10/ 2018 - 18/ 10/ 2018 MAYA

  1 : 6 2,200 03/ 10/ 2018 04/ 10/ 2018 10/ 10/ 2018 - 16/ 10/ 2018

AGRO 271 : 1000 400 06/ 09/ 2018 07/ 09/ 2018 14/ 09/ 2018 - 20/ 09/ 2018

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

  _{ANTM - Daily 10/12/2018 Open 785, Hi 805, Lo 785, Clos e 795 (1.3%) MA(Clos e,50) = 837.30} Pick s of Th e D a y _{900 915 1,000 900 950 860} 880 _{820 735 765 755 750 795 780 805 800 840 795 837.3 850 Oct Nov Dec Feb Mar Apr May Jun Jul Aug Sep Oct 2018 600 650} 700 ANTM - MACD(12,26) = -7.71, Signal(12,26,9) = -8.17 _{ANTM - Stoch %K(15,3) = 20.15, Stoch %D(15,3,3) = 29.35 Oct Nov Dec Feb Mar Apr May Jun Jul Aug Sep Oct 2018 20.1465 29.3529 -8.17373 -20 -7.71155 60 20 40 20 80} ANTM - RSI(15) = 44.98 AN TM : BUY ON W EAKN ESS AN TM belum ber hasil br eak Resist ance 810, AN TM ber peluang m enguj i Suppor t 785, 765 dan 755. Nam un, j ik a AN TM ber hasil br eak Resist ance 810, m ak a AN TM ak an m encoba Resist ance 830, 840 dan 860. AN TM dilihat dar i indik at or Macd m engindik asik an pola Neut r al.

  Ent r y point : 785 — 795 Ex it point : 810 ( 3.9% ) , 8300 ( 6.3% ) _{WIKA - Daily 10/12/2018 Open 1285, Hi 1300, Lo 1270, Clos e 1290 (1.6%) MA(Clos e,50) = 1,480.60} St op Loss : 765 ( - 1.2% ) _{2,000 2,100 2,200 1,600 1,700 1,800} 1,900 _{WIKA - MACD(12,26) = -48.93, Signal(12,26,9) = -44.45 Nov Dec Feb Mar Apr May Jun Jul Aug Sep Oct 2018 1390 1355 1325 1260 1210 1235 1,290 1,300 1,480.6 1,200} 1,500 _{1,400 WIKA - Stoch %K(15,3) = 7.51, Stoch %D(15,3,3) = 4.98 Nov Dec Feb Mar Apr May Jun Jul Aug Sep Oct 2018}

• _{-48.9325 -44.4537 7.5065}

  100 _{-100 20 80 50 -50} WIKA - RSI(15) = 35.10 W I KA : BUY ON W EAKN ESS W I KA belum ber hasil br eak Resist ance 1.325, W I KA berpeluang m enguj i Suppor t 1.270, 1.250 dan 1.235. Nam un, j ik a W I KA ber hasil break Resist ance 1.325, m ak a W I KA ak an m encoba Resist ance 13.55 dan 1.390. W I KA dilihat I ndik ator MACD m engindik asik an pola Reversal.

  Ent r y point : 1.270 — 1.290 Ex it point : 1.325 ( 2.4% ) , 1.355 ( 3.4% ) St op Loss : 1.250 ( - 0.7% )

w w w .sin a r m a sse k u r it a s.co.id Se e im por t a n t discla im e r a t t h e e n d of t h is r e por t

  Pick s of Th e D a y TLKM : TRAD I N G BUY TLKM ber hasil br eak Resist ance 3.670 . TLKM ber peluang m elanj ut k an penguat an dengan m enguj i Resist ance 3.720, 3.760 dan 3.810. Nam un, j ik a TLKM gagal break Resist ance 3.760, m ak a TLKM ak an m encoba Suppor t 3.670, 3.640 dan 3.610. TLKM dilihat I ndik at or MACD dan Stoc osc m engindik asik an pola Upt r end. Ent r y point : 3.670 — 3.680 Ex it point : 3.720 ( 3.7% ) , 3.760 ( 6.8% ) St op Loss : 3.610 ( - 3.7% ) SM GR : TRAD I N G BUY SM GR ber hasil br eak Resist ance 9.100. SM GR berpeluang m elanj ut k an penguat an dengan m enguj i Resist ance 9.300, 9.425 dan 9.575. Nam un, j ik a SM GR gagal br eak Resist ance 9.300, m ak a SM GR ak an m encoba Suppor t 9.150, 8.950 dan 8.800. SM GR dilihat I ndik at or St oc osc m engindik asik an pola Over sold. Ent r y point : 8.900 — 9.000 Ex it point : 9.300 ( 3.6% ) , 9.425 ( 5.3% ) St op Loss : 8.800 ( - 2.5% )

w w w .sin a r m a sse k u r it a s.co.id Se e im por t a n t discla im e r a t t h e e n d of t h is r e por t

^{Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 3550 3520 3610 3670 3440 3720 3760 3810 3640 TLKM - Daily 10/12/2018 Open 3630, Hi 3700, Lo 3620, Clos e 3680 (3.1%) MA(Clos e,50) = 3,500.60 3,680 3,500.6 Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -100 100 TLKM - MACD(12,26) = 25.28, Signal(12,26,9) = 20.65 25.2789 20.6536 20 80 TLKM - Stoch %K(15,3) = 65.28, Stoch %D(15,3,3) = 55.62 65.2833 55.6197 RSI(15) 70 TLKM - = 58.23 Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 6,500 7,000 7,500 8,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500 12,000 7750 7950 7575 8175 8500 8375 9150 9300 9575 8800 8625 9925 SMGR - Daily 10/12/2018 Open 8900, Hi 9150, Lo 8850, Clos e 8900 (0.0%) MA(Clos e,50) = 8,916.00 8,900 8,916 Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -400 -200 200 400 SMGR - MACD(12,26) = 47.41, Signal(12,26,9) = 105.36 47.4067 105.359 20 80 SMGR - Stoch %K(15,3) = 25.49, Stoch %D(15,3,3) = 36.73 25.4902 36.7305 SMGR - RSI(15) = 47.91}

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