Riset | Sinarmas Sekuritas

Friday, July 13, 2018
Volume

7,000

ID X S t a t is t ic s

JCI Index

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

6,000
5,000
4,000

3,000

C lo s ing

JCI

5,907.87

Transactio n Value Regular M arket (IDR tn)

5.421

Transactio n Vo lume Regular M arket (mn shares)

5,694

Fo reign Net B uy (Sell) (IDR bn)

(3.65)


To tal M arket Capitalizatio n (IDR tn)

O t he r Indic e s

I HSG naik sebanyak 14.5 poin (0.25% ) ke level 5907.87.
Sement ara LQ45 naik sebanyak 0.4 poin (0.04% ) ke level
930.34. Foreign net buy sebesar Rp 136.87 miliar.

Toda y’ s M a r k e t :



I HSG diperkirakan bergerak m ixed dengan kecenderungan
m enguat . Bursa AS dit ut up m enguat pada perdagangan
Kam is ( 13/ 07) m engant isipasi laporan kerj a em it en. Harga
crude oil t urun ke level USD 70.28 per barrel. Harga bat ubara naik ke level USD 118.05 per Mt . Rupiah bergerak
st abil t erhadap Dollar AS ke level I DR 14.415. 10Yr Governm ent Bonds Yield st abil di level 7.52% .








Dari dalam negeri, indust ri pet rokim ia t um buh 5,4% pada
sem est er I - 2018 dibanding periode sam a t ahun lalu, seiring adanya kenaikan perm int aan, t erut am a di sekt or
m akanan dan m inum an ( m am in) olahan sert a inovasi indust ri kem asan. Tercat at , perm int aan plast ik sepanj ang
Januari- Juni 2018 m eningkat m enj adi 2,4 - 2,5 j ut a t on dibanding periode sam a t ahun lalu 2,2 - 2,3 j ut a t on.
Selanj ut nya, Bank I ndonesia ( BI ) m encat at , j um lah kart u
debit berlogo Gerbang Pem bayaran Nasional ( GPN) yang
t elah diedarkan sam pai dengan akhir Mei 2018 sebanyak
497 ribu kart u, dari t ot al 937 ribu kart u debit GPN yang
sudah dicet ak perbankan.
Secara t eknikal indeks hari Jum at ( 13/ 07) , I HSG diprediksi
bergerak di kisaran 5832 - 5973.

Top BUY: PGAS, PTBA, BRPT
w w w .sina r m a sse k ur it a s.co.id

BoW : CPI N


137

Fo reign Net B uy (Sell)

6,672.65

C lo s ing

LQ45

930.34

EIDO
IDX

1- D a y C hg ( %)

YT D
C hg ( %)


0.04

(13.81)

23.57

0.86

(17.09)

21.23

0.76

(14.53)

24,924.89

0.91


0.83

S&P 500

2,798.29

0.87

4.66

NA SDA Q

7,823.92

1.39

13.33

FTSE


7,651.33

0.78

(0.47)

NIKKEI

22,187.96

1.17

(2.53)

HA NG SENG

28,480.83

0.60


(4.81)

DOW JONES

STRA ITS TIM ES

3,253.01

0.12

(4.41)

KLSE

1,703.57

0.88

(5.19)


C urre nc y S po t R a t e

R a t e ( ID R )

1- D a y C hg ( %)

YT D
C hg ( %)

USD/IDR

14,415.00

0.00

5.80

EUR/IDR


16,789.25

(0.01)

3.24

JP Y/IDR

127.55

(0.67)

5.47

SGD/IDR

10,548.00

(0.02)


3.68

A UD/IDR

10,655.86

0.58

0.66

GB P /IDR

18,947.18

(0.24)

3.36

C o m m o dit ie s

La s t
T ra ns a c t io n

P ric e

YT D
C hg ( %)

Crude Oil (USD/barrel)

70.28

8:00:23 A M

Co al (USD/mn to ns)

118.05

7/12/2018

17.11

2.80

7:55:49 A M

(5.18)

1,246.88

8:10:28 A M

(4.29)

Nickel (USD/mn to ns)

14,235.00

8:10:16 A M

11.56

Tins (USD/mn to ns)

19,650.00

7/12/2018

(1.87)

2,138.00

7/12/2018

(12.52)

Rubber (JP Y/kg)

162.90

8:05:13 A M

(20.69)

Wheat (USD/bushel)

482.50

7/12/2018

13.00

Co rn (USD/bushel)

336.50

7/12/2018

(4.06)

Natural Gas (USD/mmB tu)
Go ld (USD/o unce)

CP O (M YR/mn to ns)

16.32

Source: Bloomberg, Sinarmas Investment Research

Se e im por t a n t discla im e r a t t he e nd of t his r e por t

1

D a ily Cor por a t e a nd I n du st r y N e w s
Perusahaan Am erika Serikat Freeport McMoRan I nc ( FCX) resm i m enyepakat i divest asi saham PT Freeport I ndonesia
( FI ) , agar PT I ndonesia Asahan Alum inium ( I nalum ) nant inya m endapat kan t ot al kepem ilikan 51,38% . Saham
9,36% yang sebelum nya t elah dim iliki I nalum akan t erdilusi m enj adi 5,6% dan unt uk m em beli sisanya 45,78% ,
BUMN t ersebut harus m em bayar US$ 3,85 m iliar at au sekit ar Rp 54 t riliun. Sour ce: I nvest or Daily
Dewan Perwakilan Rakyat ( DPR) m enurunkan t arget pert um buhan ekonom i dari usulan pem erint ah 5,4% - 5,8%
m enj adi 5,2% - 5,6% karena m elihat t ekanan perekonom ian t ahun ini m asih berpot ensi t erj adi pada t ahun depan.
Cont ohnya adalah pelem ahan kurs rupiah, hingga daya beli yang m asih lem ah akan m engham bat laj u ekonom i.
Source: Kont an
Lem baga Pem biayaan Pem bangunan Pem erint ah Am erika Serikat at au Overseas Privat e I nvest m ent Corporat ion
( OPI C) adalah salah sat u inst it usi yang t elah m enunj ukkan ket ert arikannya dalam m em biayai proyek infrast rukt ur
I ndonesia. Source: Bisnis I ndonesia
Kem ent erian Perhubungan ( Kem enhub) dan PT Pelabuhan I ndonesia ( Pelindo) I I m enandat angani perj anj ian konsesi
pem bangunan dan pengusahaan j asa kepelabuhanan Term inal Kij ing, Pelabuhan Pont ianak, Kalim ant an Barat pada
Kam is ( 12/ 7) . Jangka wakt u perj anj ian konsesi ini akan berlangsung selam a 69 t ahun. Source: I nvest or Daily
I ndust ri pet rokim ia t um buh 5,4% pada sem est er I - 2018 dibanding periode sam a t ahun lalu, seiring adanya kenaikan
perm int aan, t erut am a di sekt or m akanan dan m inum an ( m am in) olahan sert a inovasi indust ri kem asan. Tercat at ,
perm int aan plast ik sepanj ang Januari- Juni 2018 m eningkat m enj adi 2,42,5 j ut a t on dibanding periode sam a t ahun
lalu 2,22,3 j ut a t on. Source: I nvest or Daily
Survei Kegiat an Dunia Usaha ( SKDU) yang dilakukan Bank I ndonesia ( BI ) m enunj ukkan, kegiat an dunia usaha pada
t riwulan I I - 2018 t um buh 20,23% QoQ. BI m encat at t erj adi pert um buhan di sem ua sekt or, t erut am a indust ri pengolahan, perdagangan, hot el, dan rest oran, j asa keuangan, real est at e, dan j asa perusahaan. Source: Kont an
Sam sung Elect ronics I ndonesia m engklaim m am pu m em produksi ponsel pint ar dengan kandungan lokal hingga 40%
di I ndonesia. Pabrik lokal di Cikarang kini m em iliki kapasit as produksi ponsel sekit ar 1,5 j ut a unit per bulan at au set ara 33 j ut a per t ahun. Source: Bisnis I ndonesia
Bank I ndonesia ( BI ) m encat at , j um lah kart u debit berlogo Gerbang Pem bayaran Nasional ( GPN) yang t elah diedarkan sam pai dengan akhir Mei 2018 sebanyak 497 ribu kart u, dari t ot al 937 ribu kart u debit GPN yang sudah dicet ak
perbankan. Sour ce: I nvest or Daily
Mahkot a Group ( MGRO) m elalui I PO berhasil m eraup dana segar Rp 158,32 m iliar, 60% dari dana t ersebut akan
digunakan unt uk pem bangunan pabrik refinery dan kernel cr ushing plant , sert a 40% unt uk m odal kerj a sepert i
pem belian bahan baku dan m em enuhi st ok CPO. Sour ce: Kont an
Holcim I ndonesia ( SMCB) m eluncurkan produk baru, yait u Holcim Mort ar sebagai langkah unt uk m em perluas
penet rasi pasar. Source: I qplus
NFC I ndonesia ( NCCX) m em buka peluang unt uk m elakukan ekspansi anorganik dengan m engakusisi perusahaan
pada t ahun ini. Source: Bisnis I ndonesia
PT MD Pict ures m em ulai m asa penawaran init ial public offering ( I PO) dengan m em at ok harga penawaran Rp 210 per
saham . Tanggal list ing MD Pict ures dij adwalkan pada 7 Agust us. Source: Kont an

w w w .sina r m a sse k ur it a s.co.id

Se e im por t a n t discla im e r a t t he e nd of t his r e por t

2

W or ld Equ it y I n dices
W O R L D E Q U IT Y IN D IC E S
NO

T IC K E R

A m e r ic a

52-WEEK
H IG H

C H A N GE YTD

LO W

P O IN T

%

P E R ( x)
2 0 17

P B V ( x)

2 0 18 E

2 0 17

M A R KE T C A P (B n)

2 0 18 E

D o m a in
C urre nc y

US D

1

IN D U Index

26,616.71

21,471.14

205.67

0.83

20.64

16.13

3.88

3.79

7,020.50

7,020.50

2

SP X Index

2,872.87

2,417.35

124.68

4.66

22.44

17.51

3.30

3.29

24,641.41

24,641.41

3

C C M P Index

7,825.67

6,177.19

920.53

13.33

38.89

23.55

3.80

3.77

12,240.79

12,240.79

4

SP T SX Index

16,577.06

14,785.78

358.29

2.21

19.79

15.94

1.91

1.93

2,538.23

1,928.16

5

M EXB OL Index

51,772.37

44,429.36

(658.12)

(1.33)

19.67

17.37

2.65

2.76

5,903.58

313.04

E uro pe
6

SX5E Index

3,708.82

3,261.86

(58.47)

(1.67)

18.32

13.92

1.67

1.65

2,906.75

3,395.67

7

UKX Index

7,903.50

6,866.94

(36.44)

(0.47)

23.11

13.75

1.97

1.97

2,119.40

2,801.84

8

C A C Index

5,657.44

4,995.07

93.34

1.76

18.26

14.63

1.67

1.68

1,574.40

1,839.22

9

D A X Index

13,596.89

11,726.62

(424.67)

(3.29)

19.09

13.04

1.86

1.79

1,148.67

1,341.88

10

IB EX Index

10,758.20

9,327.60

(276.50)

(2.75)

15.08

12.73

1.47

1.49

609.00

711.44

11

F T SEM IB Index

24,544.26

21,122.51

(63.22)

(0.29)

28.75

11.70

1.18

1.16

511.67

597.73

12

A EX Index

572.90

505.92

12.44

2.28

18.89

15.11

1.91

1.89

667.99

780.35

13

SM I Index

9,616.38

8,372.90

(563.68)

(6.01)

24.59

15.51

2.59

2.62

1,070.15

1,068.65

A s ia / P a c if ic
14

A S51 Index

6,306.10

5,639.40

203.18

3.35

17.90

15.98

2.09

2.09

1,858.41

1,377.45

15

A S30 Index

6,386.70

5,702.20

182.48

2.96

18.90

15.94

2.00

2.00

2,010.69

1,485.90

16

SH SZ 300 Index

4,403.34

3,295.73

(549.80)

(13.64)

16.59

11.73

2.05

1.93

26,636.31

3,992.73

17

SH A SH R Index

3,757.20

2,818.06

(491.66)

(14.20)

16.87

11.32

1.80

1.73

29,969.90

4,505.87

18

SZ A SH R Index

2,140.56

1,573.34

(316.49)

(15.93)

29.07

17.78

3.12

2.99

20,218.93

3,039.85

19

H SI Index

33,484.08

26,255.31

(1,438.32)

(4.81)

13.70

11.37

1.39

1.34

18,445.09

2,349.90

20

H SC EI Index

13,962.53

10,450.39

(956.44)

(8.17)

9.14

7.53

1.05

1.00

11,700.18

1,490.60

36,699.53

31,081.83

2,491.58

7.32

24.53

19.08

3.12

3.17

65,160.78

954.04

11,171.55

9,685.55

492.50

4.68

23.76

18.68

3.12

3.16

79,948.59

1,170.55

6,693.47

5,557.56

(447.78)

(7.05)

24.22

15.07

2.52

2.46

6,672,646.14

465.51

1,132.92

871.91

(149.04)

(13.81)

21.16

15.75

3.39

3.34

4,153,786.37

289.79

21

SEN SEX Index

22

N IF T Y Index

23

J C I Index

24

LQ45 Index

25

KSE100 Index

47,241.17

37,736.73

(596.36)

(1.47)

8.99

8.31

1.46

1.25

7,015.64

57.72

26

N KY Index

24,129.34

19,239.52

(576.98)

(2.53)

19.45

16.07

1.89

1.87

379,716.32

3,377.06

27

N EY Index

376.09

311.55

(19.20)

(5.37)

16.02

13.25

1.38

1.34

430,830.69

3,831.65

28

T P X Index

1,911.31

1,578.66

(107.88)

(5.94)

16.36

13.37

1.41

1.36

643,137.28

5,719.83

29

F B M KLC I Index

1,896.03

1,657.78

(93.24)

(5.19)

16.68

16.21

1.67

1.71

1,066.90

264.48

30

N Z SE Index

1,606.69

1,387.42

78.52

5.20

19.27

20.54

2.03

3.49

130.30

88.37

31

P C OM P Index

9,078.37

6,923.67

(14.11)

22.98

16.85

2.51

2.46

9,146.52

170.62

32

F SST I Index

3,641.65

3,176.26

(149.91)

(4.41)

11.12

12.94

1.22

1.18

550.72

404.35

33

KOSP I Index

2,607.10

2,243.90

(182.43)

(7.39)

12.75

8.99

1.05

1.02

1,476,369.02

1,312.91

34

T WSE Index

11,270.18

10,189.04

95.52

0.90

15.56

13.74

1.75

1.70

31,992.23

1,048.99

35

SET Index

1,852.51

1,556.22

(112.78)

(6.43)

18.92

15.08

2.08

2.01

16,525.53

497.94

36

SET 50 Index

1,223.67

991.42

(55.27)

(4.87)

17.52

15.01

2.26

2.23

11,344.01

341.81

37

VN IN D EX Index

1,211.34

753.82

(85.73)

(8.71)

18.77

15.87

2.81

2.68

2,853,467.14

123.88

(1,207.84)

Source: Bloomberg, Sinarmas Investment Research

w w w .sina r m a sse k ur it a s.co.id

Se e im por t a n t discla im e r a t t he e nd of t his r e por t

3

LQ4 5
L Q 4 5 In d e x
L Q 4 5 In d e x

1 2 -J u l -1 8

5 2 -W E E K

H IG H

C H A N G E Y TD

LOW

P O IN T

%

1

A D H I IJ

1 ,5 8 0

2 ,5 1 0

1 ,5 3 5

(3 0 5 )

(1 6 . 1 8 )

2

A D R O IJ

1 ,8 7 0

2 ,6 5 0

1 ,5 7 5

10

0 .5 4

3

A K R A IJ

4 ,5 5 0

8 ,0 2 5

3 ,9 6 0

4

A N TM IJ

860

1 ,0 1 5

600

5

A S II IJ

6 ,6 7 5

8 ,8 0 0

6 ,1 0 0

6

B B C A IJ

2 2 ,8 2 5

2 4 ,7 0 0

1 8 ,1 7 5

7

B B N I IJ

7 ,0 2 5

1 0 ,1 7 5

6 ,7 5 0

(2 , 8 7 5 )

8

B B R I IJ

2 ,9 7 0

3 ,9 2 0

2 ,7 2 0

(6 7 0 )

(1 , 8 0 0 )
235
(1 , 6 2 5 )
925

P E R (x )

2017

2018E

P B V (x )

2017

2018E

M A R K ET C A P
(B n )

1 3 .0 2

6 .6 4

1 .1 5

0 .8 6

5 ,6 2 6 .1 4

9 .0 6

8 .1 5

1 .2 6

1 .1 3

5 9 ,8 1 3 .7 5

2 8 .1 1

1 7 .4 2

3 .3 7

2 .1 4

1 8 ,2 6 6 .8 6

4 6 .8 5

0 .8 1

1 .1 3

2 0 ,6 6 6 .4 6

1 7 .8 2

1 2 .9 5

2 .7 2

1 .9 6

2 7 0 ,2 2 7 .7 2

4 .2 2

2 3 .1 7

2 1 .7 6

4 .1 1

3 .7 3

5 6 2 ,7 5 0 .5 9

(2 9 . 0 4 )

1 3 .5 6

8 .4 5

1 .8 7

1 .2 1

1 3 1 ,0 0 6 .8 1

(1 8 . 4 1 )

1 5 .3 4

1 1 .2 6

2 .6 7

1 .9 6

3 6 6 ,3 3 7 .0 6

(2 8 . 3 5 )
3 7 .6 0
(1 9 . 5 8 )

-

9

B B TN IJ

2 ,2 0 0

3 ,8 9 0

2 ,1 1 0

(1 , 3 7 0 )

(3 8 . 3 8 )

1 2 .4 9

6 .6 2

1 .7 5

0 .9 3

2 3 ,2 9 8 .0 0

10

B J B R IJ

2 ,0 6 0

2 ,9 9 0

1 ,9 2 0

(3 4 0 )

(1 4 . 1 7 )

1 9 .2 0

1 3 .5 2

2 .3 1

1 .9 2

1 9 ,9 7 4 .3 6

11

B M R I IJ

6 ,4 5 0

9 ,0 5 0

6 ,2 5 0

(1 , 5 5 0 )

(1 9 . 3 8 )

1 8 .0 9

1 2 .2 5

3 0 1 ,0 0 0 .0 0

12

B M TR IJ

505

755

474

(8 5 )

(1 4 . 4 1 )

13

B R P T IJ

1 ,8 6 5

2 ,7 2 0

1 ,4 8 5

(3 9 5 )

(1 7 . 4 8 )

2 8 .8 9

-

2 .2 4

1 .6 6

0 .8 8

-

1 6 .2 6

2 .1 6

0 .9 4

-

7 ,1 7 0 .3 0
3 3 ,1 8 1 .8 8

14

B S D E IJ

1 ,4 9 0

1 ,9 6 5

1 ,4 1 5

(2 1 0 )

(1 2 . 3 5 )

6 .6 1

9 .6 9

1 .2 9

1 .0 4

2 8 ,6 7 7 .5 8

15

B U M I IJ

230

362

166

(4 0 )

(1 4 . 8 1 )

2 .5 7

2 .6 7

-

-

1 5 ,0 3 7 .1 5

16

EX C L IJ

1 ,7 1 0

(1 7 0 )

(5 . 7 4 )

8 5 .1 6

4 7 .0 0

1 .4 6

1 .3 4

2 9 ,8 1 9 .4 1

17

G G R M IJ

6 9 ,5 0 0

8 6 ,4 0 0

6 1 ,9 2 5

(1 4 , 3 0 0 )

(1 7 . 0 6 )

2 0 .8 0

1 5 .8 8

3 .8 2

2 .9 3

1 3 3 ,7 2 4 .1 2

18

H M S P IJ

3 ,7 2 0

5 ,5 5 0

3 ,2 3 0

(1 , 0 1 0 )

(2 1 . 3 5 )

4 3 .5 4

3 2 .2 6

1 6 .1 3

1 2 .2 3

4 3 2 ,7 0 3 .2 5

(0 . 8 4 )

2 7 .3 1

2 4 .6 0

5 .3 1

4 .7 4

1 0 2 ,9 1 6 .3 4

2 4 .4 2

1 .1 6

1 .5 3

4 1 ,7 3 2 .6 2

1 2 .7 8

2 .1 5

1 .6 8

5 7 ,5 1 1 .7 9

2 ,7 9 0

19

IC B P IJ

8 ,8 2 5

9 ,2 7 5

7 ,9 0 0

20

IN C O IJ

4 ,2 0 0

4 ,3 8 0

1 ,9 0 5

1 ,3 1 0

(7 5 )

4 5 .3 3

21

IN D F IJ

6 ,5 5 0

8 ,8 0 0

6 ,0 7 5

(1 , 0 7 5 )

(1 4 . 1 0 )

22

IN D Y IJ

3 ,3 8 0

4 ,6 3 0

785

3 .5 0

6 .0 5

1 .2 7

1 .1 8

1 7 ,6 1 0 .4 5

23

IN TP IJ

1 3 ,7 7 5

2 3 ,9 5 0

1 2 ,5 0 0

(8 , 1 7 5 )

(3 7 . 2 4 )

4 3 .4 5

2 8 .5 9

3 .2 9

2 .0 2

5 0 ,7 0 8 .9 7

24

J S M R IJ

4 ,7 5 0

6 ,7 7 5

3 ,9 2 0

(1 , 6 5 0 )

(2 5 . 7 8 )

2 1 .1 1

1 7 .3 3

3 .0 8

2 .0 2

3 4 ,4 7 4 .8 9

25

K L B F IJ

1 ,3 0 5

1 ,7 9 5

1 ,1 5 5

(3 8 5 )

(2 2 . 7 8 )

3 2 .9 6

2 4 .1 0

5 .9 6

4 .1 5

6 1 ,1 7 2 .0 3

26

L P K R IJ

398

805

322

(9 0 )

(1 8 . 4 4 )

1 8 .0 9

1 0 .5 5

0 .4 9

0 .4 2

9 ,1 8 8 .7 0

27

L P P F IJ

7 ,9 7 5

1 3 ,1 5 0

7 ,9 0 0

(2 , 0 2 5 )

(2 0 . 2 5 )

1 5 .2 9

1 1 .2 8

1 6 .4 9

6 .1 4

2 3 ,2 7 0 .4 0

28

M N C N IJ

910

1 ,8 2 5

850

(3 7 5 )

(2 9 . 1 8 )

1 1 .7 8

7 .8 5

1 .8 6

1 .2 1

1 2 ,9 9 1 .2 5

29

M YR X IJ

129

198

101

19

1 7 .2 7

-

-

-

1 1 ,1 8 4 .7 2
3 9 ,2 7 1 .2 4

320

1 0 .4 6

1 6 .1 7

-

30

P G A S IJ

1 ,6 2 0

2 ,8 6 0

1 ,3 6 5

31

P TB A IJ

4 ,2 3 0

4 ,2 8 0

1 ,8 1 0

32

P TP P IJ

2 ,0 6 0

3 ,2 8 0

1 ,8 4 0

(5 8 0 )

33

P W O N IJ

580

725

494

34

S C M A IJ

2 ,1 9 0

2 ,9 8 0

1 ,9 3 5

35

S M G R IJ

7 ,4 2 5

1 1 ,7 7 5

6 ,5 0 0

36

S R IL IJ

336

414

302

37

S S M S IJ

1 ,2 9 5

1 ,5 8 0

38

TL K M IJ

4 ,1 0 0

39

TP IA IJ

5 ,2 0 0

40

TR A M IJ

342

41

U N TR IJ

3 2 ,0 0 0

4 0 ,5 0 0

2 7 ,5 2 5

(3 , 4 0 0 )

(9 . 6 0 )

1 7 .8 4

1 2 .2 3

2 .9 1

2 .3 0

1 1 9 ,3 6 4 .3 2

42

U N V R IJ

4 6 ,9 0 0

5 8 ,1 0 0

4 3 ,8 7 5

(9 , 0 0 0 )

(1 6 . 1 0 )

6 0 .8 9

4 6 .5 5

8 2 .4 4

5 7 .0 3

3 5 7 ,8 4 7 .0 0

43

W IK A IJ

1 ,3 5 5

2 ,2 1 0

1 ,2 1 0

(1 9 5 )

(1 2 . 5 8 )

1 1 .5 5

8 .0 0

1 .1 0

0 .8 6

1 2 ,1 5 4 .2 8

44

W S B P IJ

378

510

336

(3 0 )

(7 . 3 5 )

1 0 .5 6

7 .5 0

1 .4 7

1 .1 0

9 ,9 6 4 .5 2

W S K T IJ

1 ,8 7 5

3 ,1 5 0

1 ,7 7 0

(3 3 5 )

(1 5 . 1 6 )

7 .3 8

5 .7 6

2 .1 4

1 .3 4

2 5 ,4 5 1 .0 7

45

(1 3 0 )

2 0 .7 7

1 2 .5 6

0 .9 9

0 .8 7

5 .7 9

9 .7 7

1 .9 1

2 .8 3

4 8 ,7 3 2 .3 9

(2 1 . 9 7 )

1 1 .2 6

7 .3 0

1 .4 3

1 .0 2

1 2 ,7 7 1 .7 9

(1 0 5 )

(1 5 . 3 3 )

1 7 .6 2

1 2 .5 6

3 .2 0

2 .2 5

2 7 ,9 3 2 .5 7

(2 9 0 )

(1 1 . 6 9 )

2 7 .2 4

1 9 .1 1

9 .3 0

6 .2 4

3 2 ,0 2 1 .3 1

(2 , 4 7 5 )

(2 5 . 0 0 )

2 9 .1 4

2 0 .6 2

4 4 ,0 4 1 .5 4

(4 4 )

(1 1 . 5 8 )

7 .2 6

1 ,0 0 5

(2 0 5 )

(1 3 . 6 7 )

1 8 .4 4

4 ,7 9 6

3 ,2 5 0

(2 9 9 )

(6 . 8 0 )

6 ,6 7 5

4 ,1 4 0

(8 0 0 )

(1 3 . 3 3 )

432

78

144

7 2 .7 3

1 ,7 7 0

(7 . 4 3 )
7 1 .9 5

2 .0 3

1 .4 6

1 .1 8

-

1 3 .3 5

3 .5 4

2 .6 7

1 2 ,3 3 4 .8 8

1 9 .6 8

1 7 .6 3

4 .7 0

3 .9 8

4 1 3 ,2 7 9 .9 9

2 3 .8 1

2 1 .3 4

4 .7 4

3 .6 3

9 2 ,7 3 4 .3 1

-

-

1 6 ,9 7 3 .9 6

-

-

-

6 ,8 7 1 .9 3

Source: Bloomberg, Sinarmas Investment Research

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Se e im por t a n t discla im e r a t t he e nd of t his r e por t

4

M a cr o da t a
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 ( %)

0.96

5.44

(4.86)

(9.15)

P ro perty
B asic Industry

0.41

5.51

(3.71)

13.16

(0.26)

0.43

(3.02)

(5.01)

Finance

0.60

2.40

(3.42)

(10.33)

M iscellaneo us Industry

0.78

5.44

(4.54)

(14.97)

Co nsumer

Trade

(1.06)

0.70

0.67

(14.18)

Infrastructure

1.45

5.98

5.15

(7.57)

A griculture

0.28

1.70

(5.91)

(10.62)

M ining

0.41

4.50

2.98

25.98

J un- 18

M a y- 18

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
Inflatio n YTD (in %)

1.90

3.61

Inflatio n Yo Y (in %)

3.12

3.23

Inflatio n M o M (in %)

0.59

0.21

119.80

122.91

Fo reign Reserves (in USD bn)

F OR EX

S po t R a t e

1- D a y ( %)

1- M o nt h ( %)

Y T D ( %)

USD/IDR

14,365.00

-

(3.01)

(5.64)

(3.97)

(2.41)

USD/CNY

6.67

USD/EUR

0.86

USD/JP Y

112.69

USD/SGD

0.22
0.02

1.06

2.89

(0.12)

(2.09)

0.00

1.36

0.02

(2.02)

(1.97)

USD/A UD

1.35

(0.08)

2.21

5.29

USD/GB P

0.76

0.17

1.46

2.47

Le nding a nd D e po s it R a t e s

( in %)

JIB OR (in IDR)

7.33

LIB OR (in GB P )

1.00

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.50

Indo nesia 10-Year Go vernment B o nds Yield

7.52

Indo nesia 15-Year Go vernment B o nds Yield

7.87

Source: Bloomberg, Sinarmas Investment Research

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Se e im por t a n t discla im e r a t t he e nd of t his r e por t

5

St a t e Budge t
I NDI CAT OR

2016

2017

2018

LKPP

APBNP

RAPBN

GDP Gr owth ( % , YoY)

5,0%

5,2%

5,4%

Ex change r ate ( USD/ I DR)

13307

13300

13500

I nflation ( % , YoY)

3%

4,3%

3,5%

3 Months SPN ( % )

5,7%

5,2%

5,3%

40

45

48

I ndonesian Cr ude Oil ( USD/ bar r el)
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 DR tr illion)

1556

1714

1878

Upcom ing I PO
Co m p a n y

I PO
Pr ice
( Rp )

Bu sin e ss

I ssu e d
Sh a r e s
( Mn )

Mahk ota Gr oup Tbk
NFC I ndonesia Tbk

Of f e r in g Da t e ( 2 0 1 7 )

List in g

703.7

03/ 07/ 2018 - 09/ 07/ 2018

12- Jul- 18

166.7

03/ 07/ 2018 - 05/ 07/ 2018

10- Jul- 18

Pollux Pr oper ti I ndonesia Tbk

1247.8

03/ 07/ 2018 - 05/ 07/ 2018

11- Jul- 18

Siner gi Megah I nter nusa Tbk

1200.0

03/ 07/ 2018 - 05/ 07/ 2018

12- Jul- 18

400.0

02/ 07/ 2018 - 04/ 07/ 2018

09- Jul- 18

Batav ia Pr osper indo Tr ans Tbk

Un d e r w r it e r

D ivide nd
St o ck

D PS ( Rp )

Cu m D a t e

Ex D a t e

Re co r d in g

Pa y m e n t

BMAS

8

St a t u s

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

I NAI

30

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

C SAP

4

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

I MAS

5

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

I MJS

1.2

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

KKGI

2

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

30/ 07/ 2018

KMTR

17.27

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

18/ 07/ 2018

MARI

12

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

RUI S

5

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

Right s I ssu e
T ick e r

Pr ice ( Rp )

Cu m Da t e

EX Da t e

T r a d in g

BBKP

3

Ra t io
:

10

570

06/ 07/ 2018

09/ 07/ 2018

13/ 07/ 2018 - 25/ 07/ 2018

PEGE

3

:

1

100

06/ 07/ 2018

09/ 07/ 2018

13/ 07/ 2018 - 19/ 07/ 2018

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

Pick s of Th e D a y
PGAS - Daily 7/12/2018 8:55:00 AM Open 1550, Hi 1630, Lo 1550, Clos e 1620 (4.9%) Vol 1,140,399 MA1(Clos e,5) = 1,590.00, MA2(Clos e,20) = 1,847.25, MA3(Clos e,60) = 2,025.42, MA4(Clos e,200) = 2,001.43, SAR(0.02,0.2) = 1,6
2,900
2860
2,800
2,700
2,600
2,500
2,400
2,300
2,200
2,100
2,025.42
2,001.43
2,000

1790
1700
1665
1640
1590
1540

1,900
1,847.25
1,800
1,700
1,674.38
1,620
1,600
1,590
1,500
1,400
1,300

Feb
Mar
PGAS - MACD(12,26) = -133.02, Signal(12,26,9) = -106.02

Apr

May

Jun

Jul
200
100
0
-106.017
-100
-133.021

PGAS - Stochas tic %D(14,3,3) = 13.82, Stochas tic %K(14,3) = 13.16
80
60
40
20
13.8239
13.1643
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

PGAS : TRAD I N G BUY
PGAS t elah berhasil break Resist ance 1.590 dan berpeluang m elanj ut kan penguat an m enguj i Resist ance berikut nya di 1.620 dan
1.640 dengan level Support di 1.540 dan 1.520. I ndikat or MACD m enunj ukkan adanya kem ungkinan unt uk Golden Cross dan I ndikat or Stochast ic sudah berada pada daerah oversold sehingga m enunj ukkan adanya pot ensi penguat an.
Ent ry point
Exit point
St op Loss

: 1.600 - 1.610
: 1.640 ( + 2.5% ) , 1.665 ( + 4.1% )
: 1.560 ( - 2.5% )

PTBA - Daily 7/12/2018 8:55:00 AM Open 4080, Hi 4260, Lo 4070, Clos e 4230 (3.9%) Vol 487,856 MA1(Clos e,5) = 4,048.00, MA2(Clos e,20) = 4,036.50, MA3(Clos e,60) = 3,661.67, MA4(Clos e,200) = 2,922.32, SAR(0.02,0.2) = 3,750.00
4,500
4,400
4380
4320
4280
4230
4180
4120
3990

4,300
4,230
4,200
4,100
4,048
4,036.5
4,000
3,900

3870
3760
3700

3,800
3,750
3,700
3,661.67
3,600

3570
3,500
3,400
3,300
3,200
3,100
3,000
2,922.32
2,900
2,800
19

26

Apr

9

16

23

30 May

7

PTBA - MACD(12,26) = 90.03, Signal(12,26,9) = 98.29

14

21

28

Jun

20

25

Jul

9
200
150
98.2885
100
90.033
50
0
-50

PTBA - Stochas tic %D(14,3,3) = 54.45, Stochas tic %K(14,3) = 67.80

PTBA : TRADI N G BUY
PTBA t elah berhasil break Resist ance dan Trendline di 4.090 dan berpeluang m enguat m enguj i Resist ance berikut nya di 4.280 dan
4.320 dengan level Support di 4.180 dan 4.120. I ndikator MA 5 dan MA 20 berpot ongan keat as m em bent uk pola Golden Cross.
I ndikator MACD m enunj ukkan pot ensi adanya penguat an dengan adanya kem ungkinan unt uk m em bent uk Golden Cross. I ndikat or
St ochast ic j uga m asih m enunj ukkan adanya ruang unt uk penguat an.
Ent ry point
Exit point
St op Loss

: 4.180 — 4.190
: 4.280 ( + 2.4% ) , 4.320 ( + 3.3% )
: 4.090 ( - 2.2% )

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Pick s of Th e D a y
BRPT - Daily 7/12/2018 8:55:00 AM Open 1750, Hi 1900, Lo 1750, Clos e 1865 (6.6%) Vol 282,808 MA1(Clos e,5) = 1,786.00, MA2(Clos e,20) = 1,982.75, MA3(Clos e,60) = 2,232.25, MA4(Clos e,200) = 2,248.35, SAR(0.02,0.2) = 1,675
2,800

2,700

2,600

2,500

2,400

2,300
2,248.35
2,232.25
2,200

2,100

1980

2,000
1,982.75

1910
1880

1,900
1,865

1835
1800

1,800
1,786

1750
1,700
1,675

Dec
2018
BRPT - MACD(12,26) = -121.64, Signal(12,26,9) = -112.23

Feb

Mar

Apr

May

Jun

Jul
100
50
0
-50
-112.226
-100
-121.643
100

BRPT - Stochas tic %D(14,3,3) = 20.06, Stochas tic %K(14,3) = 23.09

80
60
40
23.0868
20.0586
20
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

BRPT : TRAD I N G BUY
BRPT pada perdangan kem arin dit ut up m enguat dan berhasil break Resist ance 1.835. BRPT berpeluang m elanj ut kan penguat an
m enuj u resist en berikut nya di 1.880 dengan level support di 1.835 dan 1.800. I ndikator MACD m enunj ukkan adanya pot ensi
unt uk Golden Cross dan indicat or St ochast ic berada pada area oversold.
Ent ry point
Exit point
St op Loss

: 1.840 - 1.850
: 1.910 ( + 3.8% ) , 1.980 ( + 7.6% )
: 1.800 ( - 2.2% )

CPIN - Daily 7/12/2018 9:00:00 AM Open 3740, Hi 3790, Lo 3720, Clos e 3790 (1.3%) Vol 72,423 MA1(Clos e,5) = 3,714.00, MA2(Clos e,20) = 3,670.50, MA3(Clos e,60) = 3,635.50, MA4(Clos e,200) = 3,338.25, SAR(0.02,0.2) =4,100
3,565.39
4,050
4,000
3,950
3,900
3890
3,850
3840
3800
3780
3750
3680
3640

3,800
3,790
3,750
3,714
3,700
3,670.5
3,650
3,635.5
3,600

3590

3,565.39
3,550

3540
3,500
3470

3,450
3,400
3,350
3,338.25
3,300
3,250
3,200

Feb
Mar
CPIN - MACD(12,26) = 31.84, Signal(12,26,9) = 21.84

Apr

May

Jun

Jul
100
50
31.8394
21.84
0
-50

CPIN - Stochas tic %D(14,3,3) = 73.47, Stochas tic %K(14,3) = 85.04

100
85.0427
80
73.4676
60
40
20

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

CPI N : BUY ON W EAKN ESS
CPI N t elah berhasil break Resist ance 3.780 dan sudah m endekat i level Resist ance 3.800 apabila break berpot ensi m elanj ut kan
t ren penguat an, nam un CPI N t elah m engalam i penguat an selam a t iga hari bert urut - t urut sehingga m asih ada pot ensi unt uk m engalam i koreksi. I ndikat or Stochast ic j uga sudah berada pada level overbough at au j enuh beli.
Ent ry point
Exit point
St op Loss

: 3.680 — 3.700
: 3.780 ( + 2.7% ) , 3.840 ( + 4.3% )
: 3.600 ( - 2.2% )

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