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

Friday, November 9, 2018

ID X S t a t is t ic s C lo s ing

  Volume JCI Index 7,000

  20,000

  JCI 5,976.81 Transactio n Value Regular M arket (IDR tn) 7.468

  6,000 15,000

  Transactio n Vo lume Regular M arket (mn shares) 7,323

  5,000 10,000

  Fo reign Net B uy (Sell) (IDR bn) 1,101

  4,000 5,000

  Fo reign Net B uy (Sell) (3.50) To tal M arket Capitalizatio n (IDR tn) 6,780.26

  3,000 Y T D O t he r Indic e s C lo s ing 1- D a y C hg ( %) C hg ( %) IHSG naik sebanyak 36.9 poin (0.62%) ke level 5976.81.

  LQ45 955.36 0.79 (11.49)

  Sementara LQ45 naik sebanyak 7.4 poin (0.79%) ke level

EIDO 23.62 (1.79) (16.92) 955.36. Foreign net buy sebesar Rp 1101.41 miliar

  IDX 21.04 (1.54) (15.30) DOW JONES 26,191.22

  0.04

  5.95 S&P 500 2,806.83 (0.25)

  4.98 NA SDA Q 7,530.89 (0.53)

  9.09 Today’s Market: FTSE 7,140.68 0.33 (7.12)

   IHSG diperkirakan bergerak mixed dengan kecenderungan NIKKEI 22,486.92

  1.82 (1.22)

  melemah. Bursa AS ditutup melemah pada perdagangan

  HA NG SENG 26,227.72 0.31 (12.34)

  Kamis (08/11). Harga batubara naik ke level USD 105.45

  STRA ITS TIM ES 3,093.24 0.91 (9.10)

  per Mt. Crude oil turun ke level USD 60.74 per barrel. Ru-

  KLSE 1,721.42 0.38 (4.20)

  piah bergerak menguat terhadap Dollar AS ke level Rp 14.539. 10Yr Government Bonds Yield turun ke level Y T D 8.06%.

C urre nc y S po t R a t e R a t e ( ID R ) 1- D a y C hg ( %) C hg ( %)

   Dari global, Federal Reserve mempertahankan suku bunga

  USD/IDR 14,539.00

  0.00

  6.77 acuan berada pada level 2,00—2,25%. EUR/IDR 16,526.04 (0.93)

  1.84

   Dari dalam negeri, Bank Indonesia akan merilis data Cur-

  JP Y/IDR 128.16 (0.24)

  6.11

  rent Account Deficit (CAD) kuartal-III 2018 pada Jumat

  SGD/IDR 10,619.79 (0.19)

  4.50

  (09/11) ini. CAD diperkirakan berada pada level diatas

  A UD/IDR 10,548.84 (0.58) (0.37) 3%. GB P /IDR 19,156.12

  0.00

  4.11

   Sehubungan dengan emiten, Bukit Asam (PTBA) meng- gandeng PT Pertamina dan perusahaan asal Amerika Seri-

La s t Y T D

  kat (AS), Air Products and Chemicals Inc, untuk mengem-

C o m m o dit ie s P ric e T ra ns a c t io n C hg ( %)

  bangkan proyek gasifikasi batu bara. Bukit Asam sudah memiliki dua kesepakatan proyek gasifikasi dengan

  Crude Oil (USD/barrel) 60.74 7:54:04 A M

  0.55

  rekanan yang berbeda untuk wilayah Peranap, Riau dan

  Co al (USD/mn to ns) 105.35 11/8/2018

  4.51 Tanjung Enim, Sumatera Selatan. Natural Gas (USD/mmB tu) 3.56 7:53:49 A M

  20.59

   Secara teknikal indeks hari Jumat (09/11), IHSG diprediksi

Go ld (USD/o unce) 1,221.61 8:04:04 A M (6.23) bergerak di kisaran 5888-5995

  Nickel (USD/mn to ns) 11,750.00 8:04:03 A M (7.92) Tins (USD/mn to ns) 19,325.00 11/8/2018 (3.50) CP O (M YR/mn to ns) 1,929.00 11/8/2018 (21.07) Rubber (JP Y/kg) 137.90 7:54:47 A M (32.86) Wheat (USD/bushel) 507.75 11/8/2018

  18.91 Co rn (USD/bushel) 373.50 11/8/2018

  6.49 See pg. 7-9 for Technical Corner

  Source: Bloomberg, Sinarmas Investment Research See important disclaimer at the end of this report www.sinarmassekuritas.co.id

Daily Corporate and Industry News

  

Federal Reserve AS pada Kamis (8/11) mempertahan suku bunga utamanya tidak berubah, sejalan dengan ek-

spektasi pasar, menjaga bank sentral di jalur untuk kenaikan suku bunga satu kali lagi pada Desember. The Fed

memutuskan untuk mempertahankan kisaran target untuk suku bunga acuan federal fund (FFR) pada 2,0 hingga

2,25 persen, bank sentral mengatakan dalam sebuah pernyataan setelah mengakhiri pertemuan kebijakan dua hari.

  Source: IQPlus

Harga minyak turun hampir dua persen pada akhir perdagangan Kamis (Jumat pagi WIB), karena investor fokus pa-

da pembengkakan pasokan minyak mentah global, yang meningkat lebih cepat daripada yang diperkirakan banyak

orang. Pasar fokus pada rekor produksi minyak mentah AS dan sinyal dari Irak, Abu Dhabi dan Indonesia bahwa

produksi akan tumbuh lebih cepat daripada yang diperkirakan pada 2019. Minyak mentah Brent berjangka, patokan

global, turun 1,42 dolar AS atau 1,97 persen, menjadi menetap di 70,65 dolar AS per barel, terendah sejak perten-

gahan Agustus. Sementara itu, minyak mentah AS berjangka, West Texas Intermediate (WTI) turun 1,00 dolar AS

atau 1,6 persen, menjadi 60,67 dolar AS per barel, terendah sejak 14 Maret. Source: IQPlus

Survei Bank Indonesia menyebutkan bahwa pertumbuhan kredit pemilikan rumah (KPR) dan kredit pemilikan aparte-

men (KPA) tumbuh hampir dua kali lipat pada kuartal III-2018 dibandingkan kuartal sebelumnya. KPR dan KPA tum-

buh menjadi 6,45% pada kuartal III dibandingkan 3,28% pada kuartal II-2018. Secara tahunan, pertumbuhan KPR

dan KPA juga menguat dari 13,52% pada kuartal II-2018 menjadi 17,31% pada kuartal III-2018 (year to year/yoy).

Source: Investor Daily

Penguatan nilai tukar (kurs) rupiah terhadap dolar Amerika Serikat (AS) terus berlanjut. Pada transaksi antar bank

di Jakarta Kamis (8/11) sore, rupiah kembali mengalami apresiasi sebesar 142 poin menjadi Rp 14.452 dibandingkan

posisi sebelumnya yang sebesar Rp 14.594 per dolar AS. Source: Investor Daily

Direktorat Jenderal Pembiayaan dan Pengelolaan Risiko (DJPPR) Kementerian Keuangan (Kemenkeu) kembali

mendapatkan dana untuk pembiayaan sebesar Rp 20 triliun melalui lelang Surat Utang Negara, Selasa (6/11). Seri

SUN yang dilelang adalah SPN03190207 (new issuance), SPN12191107 (new issuance), FR0077 (reopening),

FR0078 (reopening), FR0065 (reopening), dan FR0075 (reopening). Source: Investor Daily

Menteri Perencanaan Pembangunan Nasional (PPN)/Kepala Bappenas Bambang Brodjonegoro mengatakan,

pemerintah sudah menghadirkan penciptaan kesempatan (lapangan) kerja sebanyak 2,99 juta di 2018. Jika dia-

kumulasikan dalam tiga tahun terakhir jumlahnya mencapai 9,38 juta kesempatan kerja. Source: Investor Daily

Produksi ban di dalam negeri naik 10% menjadi 90 juta unit per tahun dibanding sebelumnya 80 juta unit per tahun.

Peningkatan produksi ini merupakan dampak positif dari pemberlakuan kebijakan pengendalian barang impor oleh

Kementerian Keuangan (Kemenkeu) sejak bulan September kemarin. Source: Investor Daily

PT Inalum (Persero) memperoleh pendanaan senilai US$ 4 miliar melalui penawaran surat utang global (global bond)

untuk mengakuisisi 51% saham PT Freeport Indonesia. Hal ini berarti Holding Industri Pertambangan itu tidak jadi

mengajukan pinjaman dari sindikasi perbankan asing untuk membeli saham Freeport. Source: Investor Daily

Perum Bulog telah menetapkan dua negara sebagai sumber atau pemasok jagung impor, yakni Argentina atau Bra-

sil. Jagung impor tersebut dijadwalkan tiba di Indonesia paling lambat 20 Desember 2018. Sebanyak 70 ribu ton

akan masuk ke Tanah Air melalui Pelabuhan Teluk Lamong (Surabaya, Jawa Timur) dan 30 ribu ton lainnya melalui

Pelabuhan Cigading/Ciwandan (Cilegon, Banten). Source: Investor Daily

Bukit Asam (PTBA) menggandeng PT Pertamina dan perusahaan asal Amerika Serikat (AS), Air Products and Chemi-

cals Inc, untuk mengembangkan proyek gasifikasi batu bara. Bukit Asam sudah memiliki dua kesepakatan proyek

gasifikasi dengan rekanan yang berbeda untuk wilayah Peranap, Riau dan Tanjung Enim, Sumatera Selatan. Source:

Investor Daily

Multi Bintang Indonesia (MLBI) meresmikan fasilitas biomassa di lokasi operasionalnya di Sampangagung, Mojok-

erto, Jawa Timur. Fasilitas biomassa pertama di industri consumer goods ini, akan menghasilkan energi baru terba-

rukan (EBT) yang menggantikan penggunaan bahan bakar gas alam. Source: Investor Daily

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

Daily Corporate and Industry News

  

Mitra Pinasthika Mustika (MPMX) melalui anak usahanya, PT Mitra Pinasthika Mustika Auto, menghentikan kerja sa-

ma dengan PT Nissan Motor Distributor Indonesia. Kedua pihak telah menandatangani perjanjian pelepasan dan

penyelesaian bersama pada 5 November 2018. Source: Investor Daily

Adaro Energy (ADRO) melalui anak usaha PT Adaro Power menjalin kerja sama dengan perusahaan listrik asal Pran-

cis untuk mengembangkan pembangkit listrik berbasis energi baru dan terbarukan. Proyek tersebut akan dibangun

di Sulawesi Tengah. Source: Bisnis Indonesia

HK Metals (HKMU) bertekad terus mendongkrak kinerja tahun depan untuk memenuhi permintaan ekspor aluminium

ekstrusi dari Amerika Serikat dan Belanda. Demi mencapai target, emiten menyiapkan belanja modal Rp 90 miliar.

  Source: Kontan Aneka Gas Industri (AGII) berhasil merealisasikan pengadaan 97 filling station hingga akhir Oktober 2018. Perus-

ahaan menargetkan untuk membangun 111 filling station pada tahun depan dengan menyiapkan capex sebesar Rp

300 miliar. Source: Kontan

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

World Equity Indices

  16.08

  2.21

  9.00

  8.60

  1.46 1.59 7,169.53

  54.00

  26 NKY Index 24,448.07 20,347.49 (278.02) (1.22)

  19.37

  1.89 1.88 378,060.31 3,317.48

  3.39 3.54 4,353,079.49 297.63

  27 NEY Index 376.09 317.49 (21.24) (5.94)

  16.05

  12.15

  1.38 1.37 426,258.84 3,740.43

  28 TP X Index 1,911.31 1,581.56 (136.31) (7.50)

  16.35

  13.19

  25 KSE100 Index 47,144.12 36,274.25 895.90

  16.57

  29 FB M KLCI Index 1,896.03 1,657.78 (75.39) (4.20)

  0.64

  21 SENSEX Index 38,989.65 32,483.84 1,180.85

  3.47

  24.56

  19.69

  3.29 3.32 63,043.14 868.19

  22 NIFTY Index 11,760.20 9,951.90

  67.70

  23.84

  21.16

  18.83

  3.23 3.25 77,381.65 1,065.65

  23 JCI Index 6,693.47 5,557.56 (378.85) (5.96)

  24.58

  15.78

  2.58 2.69 6,780,262.12 463.58

  24 LQ45 Index 1,132.92 871.05 (124.02) (11.49)

  1.41 1.40 632,388.79 5,549.22

  16.68

  8.26

  36 SET50 Index 1,223.67 1,043.32 (22.57) (1.99)

  15.55

  12.97

  1.75 1.79 28,320.05 922.33

  35 SET Index 1,852.51 1,584.68 (71.98) (4.10)

  18.90

  15.53

  2.08 2.07 16,974.75 514.93

  17.52

  1.05 1.02 1,354,565.91 1,209.96

  15.36

  2.26 2.26 11,693.53 354.73

  37 VNINDEX Index 1,211.34 858.16 (57.96) (5.89)

  18.97

  15.76

  2.81 2.69 2,975,967.70 127.73

  A s ia / P a c if ic A m e ric a 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 LO W P O IN T % 2 0 17 2 0 18 E 2 0 17 2 0 18 E D o m a in C urre nc y US D

  34 TWSE Index 11,270.18 9,400.69 (697.55) (6.55)

  8.66

  16.72

  86.91

  1.67 1.67 1,081.22 259.63

  30 NZSE Index 1,652.90 1,433.28

  46.46

  3.08

  19.27

  20.76

  2.03 2.05 128.28

  31 P COM P Index 9,078.37 6,790.58 (1,522.71) (17.79)

  12.81

  23.05

  16.46

  2.51 2.52 8,853.33 167.23

  32 FSSTI Index 3,641.65 2,955.68 (309.68) (9.10)

  11.06

  12.60

  1.22 1.23 540.27 393.41

  33 KOSP I Index 2,607.10 1,985.95 (374.86) (15.19)

  1.05 1.10 11,075.66 1,414.97

  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

  1 INDU Index 26,951.81 23,242.75 1,472.00

  23.27

  15.00

  2.65 2.48 5,331.25 265.31

  6 SX5E Index 3,687.22 3,090.85 (266.36) (7.60)

  18.43

  13.56

  1.67 1.70 2,833.01 3,227.65

  7 UKX Index 7,903.50 6,851.59 (547.09) (7.12)

  12.77

  5 M EXB OL Index 51,121.23 43,407.49 (5,164.17) (10.46)

  1.97 2.01 1,967.66 2,575.86

  8 CA C Index 5,657.44 4,896.80 (181.11) (3.41)

  18.44

  13.73

  1.67 1.69 1,529.44 1,742.50

  9 DA X Index 13,596.89 11,051.04 (1,390.32) (10.76)

  19.35

  19.74

  1.91 1.87 2,349.13 1,791.99

  1.86 1.85 1,105.28 1,259.24

  17.16

  5.95

  20.65

  16.40

  3.88 4.03 7,277.32 7,277.32

  2 SP X Index 2,940.91 2,532.69 133.22

  4.98

  22.33

  3.30 3.34 24,540.18 24,540.18

  14.64

  3 CCM P Index 8,133.30 6,630.67 627.50

  9.09

  40.50

  21.96

  3.00 3.02 11,733.85 11,733.85

  4 SP TSX Index 16,586.46 14,639.70 (851.66) (5.25)

  19.80

  12.62

  10 IB EX Index 10,643.40 8,627.60 (866.90) (8.63)

  20 HSCEI Index 13,962.53 9,902.62 (1,005.71) (8.59)

  1.80 1.81 28,144.64 4,058.76

  16 SHSZ300 Index 4,403.34 3,009.50 (818.09) (20.30)

  16.49

  11.18

  2.05 2.08 25,543.59 3,683.66

  17 SHA SHR Index 3,757.20 2,564.94 (703.37) (20.31)

  16.90

  10.78

  18 SZA SHR Index 2,140.56 1,267.27 (591.67) (29.79)

  15.26

  29.07

  15.30

  3.12 3.02 17,254.15 2,488.23

  19 HSI Index 33,484.08 24,540.63 (3,691.43) (12.34)

  13.71

  10.97

  1.39 1.42 17,003.18 2,172.24

  2.00 2.00 1,917.84 1,396.38

  18.90

  15.10

  14.19

  12.22

  1.47 1.51 571.34 650.93

  11 FTSEM IB Index 24,544.26 18,411.43 (2,424.20) (11.09) 890.96

  10.69

  1.18 1.19 463.34 527.88

  12 A EX Index 576.90 500.45 (16.10) (2.96)

  18.91

  1.91 1.94 645.45 735.36

  15 A S30 Index 6,481.30 5,721.60 (151.37) (2.45)

  13 SM I Index 9,616.38 8,372.90 (286.97) (3.06)

  24.59

  16.15

  2.59 2.70 1,106.18 1,101.11

  14 A S51 Index 6,373.50 5,624.60 (136.89) (2.26)

  17.96

  15.15

  2.08 2.10 1,773.49 1,291.28

  9.19

LQ45

  1.91 3.03 51,497.35

  20.77

  14.29

  0.99 1.09 50,664.75

  31 PTBA IJ 4,470 4,940 2,135 2,010

  81.71

  5.79

  9.81

  32 PTPP IJ 1,595 3,280 1,330 (1,045) (39.58)

  30 PGAS IJ 2,090 2,860 1,505 340

  11.26

  5.99

  1.43 0.76 9,888.84

  33 PWON IJ 555 725 432 (130) (18.98)

  17.62

  12.05

  3.20 2.19 26,728.58

  34 SCMA IJ 1,780 2,980 1,490 (700) (28.23)

  19.43

  15 13.64 - - - - 10,837.90

  17.21

  6.56

  13.56

  3.08 1.74 29,684.69

  25 KLBF IJ 1,405 1,785 1,155 (285) (16.86)

  32.96

  26.87

  5.96 4.53 65,859.55

  26 LPKR IJ 284 650 256 (204) (41.80)

  18.08

  0.49 0.30 6,556.76

  29 MYRX IJ 125 198 101

  27 LPPF IJ 5,200 11,975 4,350 (4,800) (48.00)

  15.29

  7.74

  12.53 4.11 15,173.17

  28 MNCN IJ 815 1,690 700 (470) (36.58)

  11.78

  7.62

  1.86 1.16 11,635.02

  27.24

  9.30 5.36 26,026.45

  24 JSMR IJ 4,090 6,775 3,920 (2,310) (36.09)

  1.10 0.81 11,436.69

  42 UNVR IJ 42,300 58,100 40,400 (13,600) (24.33)

  60.89

  40.58

  82.44 51.38 322,749.00

  43 WIKA IJ 1,275 2,190 1,095 (275) (17.74)

  11.55

  7.63

  44 WSBP IJ 336 510 314 (72) (17.65)

  11.98

  10.56

  7.29

  1.47 0.97 8,857.35

  45 WSKT IJ 1,670 3,150 1,415 (540) (24.43)

  7.22

  4.97

  2.14 1.21 22,668.42

  MARKET CAP (Bn) LQ45 Index CHANGE YTD PER (x) PBV (x) 8-Nov-18 52-WEEK

  2.91 2.46 129,622.20

  17.84

  35 SMGR IJ 9,825 11,775 6,500 (75) (0.76)

  38 TLKM IJ 4,000 4,419 3,250 (399) (9.07)

  29.14

  25.53

  2.03 1.91 58,277.18

  36 SRIL IJ 358 396 302 (22) (5.79) 7.26 - 1.18 - 7,321.88

  37 SSMS IJ 1,195 1,545 1,005 (305) (20.33)

  17.92

  13.35

  3.54 2.50 11,382.38

  19.68

  41 UNTR IJ 34,750 40,500 30,775 (650) (1.84)

  19.40

  4.70 3.95 396,248.87

  39 TPIA IJ 4,800 6,675 4,300 (1,200) (20.00)

  23.81

  29.84

  4.74 3.30 85,600.90

  40 TRAM IJ 202 432 139

  4 2.02 - - - - 10,026.00

  21.11

  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

  1 ADHI IJ 1,365 2,510 1,100 (520) (27.59)

  15.34

  22.93

  4.11 3.94 591,720.22

  7 BBNI IJ 7,900 10,175 6,675 (2,000) (20.20)

  13.56

  9.57

  1.87 1.37 147,324.39

  8 BBRI IJ 3,450 3,920 2,720 (190) (5.22)

  13.11

  9.59

  2.67 2.28 425,543.04

  9 BBTN IJ 2,410 3,890 2,010 (1,160) (32.49)

  12.49

  7.77

  1.75 1.05 25,521.90

  10 BJBR IJ 1,960 2,490 1,695 (440) (18.33)

  19.20

  12.64

  23.17

  6 BBCA IJ 24,000 25,475 20,350 2,100

  11 BMRI IJ 7,500 9,050 6,175 (500) (6.25)

  28.11

  13.02

  6.07

  1.15 0.73 4,860.56

  2 ADRO IJ 1,610 2,650 1,565 (250) (13.44)

  9.06

  7.86

  1.26 0.95 51,497.40

  3 AKRA IJ 3,440 7,525 3,220 (2,910) (45.83)

  13.92

  2.72 2.42 331,965.14

  3.37 1.63 13,810.55

  4 ANTM IJ 710 1,015 600

  85 13.60 -

  23.69

  0.81 0.92 17,061.84

  5 ASII IJ 8,200 8,750 6,100 (100) (1.20)

  17.83

  15.18

  2.31 1.83 19,004.73

  20.93

  55.86

  21 INDF IJ 5,975 8,125 5,500 (1,650) (21.64)

  19 ICBP IJ 8,750 9,275 7,900 (150) (1.69)

  27.31

  23.96

  5.31 4.69 102,041.70

  20 INCO IJ 3,290 4,720 2,570 400 13.84 -

  28.12

  1.16 1.17 32,690.55

  16.11

  33.32

  12.66

  2.15 1.55 52,463.05

  22 INDY IJ 2,590 4,630 2,120 (470) (15.36)

  3.50

  4.66

  1.27 0.93 13,494.40

  23 INTP IJ 17,750 23,400 12,500 (4,200) (19.13)

  43.45

  16.13 12.59 440,845.51

  43.54

  14.54

  10.10

  2.24 1.94 350,000.00

  12 BMTR IJ 320 755 312 (270) (45.76) - - 0.88 - 4,543.56

  13 BRPT IJ 1,850 2,720 1,510 (410) (18.14)

  21.82

  21.08

  2.16 1.27 32,914.44

  14 BSDE IJ 1,215 1,965 930 (485) (28.53)

  6.61

  1.29 0.84 23,384.74

  18 HMSP IJ 3,790 5,550 3,230 (940) (19.87)

  15 BUMI IJ 190 356 162 (80) (29.63)

  2.57 2.17 - - 12,440.32

  16 EXCL IJ 2,270 1,710 (690) (23.31) 85.16 122.12

  1.46 1.11 24,261.67

  17 GGRM IJ 80,000 86,400 66,125 (3,800) (4.53)

  20.80

  18.46

  3.82 3.36 153,927.04

  3.29 2.91 65,341.86

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

  0.27

  5.29 3.53 (14.59) B asic Industry

  0.43 1.64 (1.33)

  9.24 Trade

  1.64

  2.75 0.05 (12.78) Finance

  0.94

  3.11 6.96 (1.69) M iscellaneo us Industry (0.04)

  1.81 13.15 (0.61) Co nsumer

  0.18

  2.72 0.22 (14.83) Infrastructure

  0.64

  0.31 4.19 (10.18) A griculture (1.44) (2.42) (3.29) (7.48) M ining

  0.53 1.54 (2.92)

  18.01 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 O c t - 18 S e p- 18

  Inflatio n YTD (in %)

  2.22

  3.61 Inflatio n Yo Y (in %)

  3.16

  2.88 Inflatio n M o M (in %) 0.28 -0.18 Fo reign Reserves (in USD bn)

  115.20 114.85

  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 14,539.00 4.67 (6.77)

  USD/CNY 6.93 (0.21) (0.05) (6.17) USD/EUR 0.88 (0.02)

  1.10

  5.62 USD/JP Y 113.93 0.12 (0.85) (1.09) USD/SGD

  1.38

  0.01 0.53 (2.88) USD/A UD

  1.38 0.06 (2.07)

  7.63 USD/GB P

  0.77

  0.01

  0.63

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

  7.63 LIB OR (in GB P )

  1.14 SIB OR ( in USD)

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

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

  8.06 Indo nesia 15-Year Go vernment B o nds Yield

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

Te ch n ica l Cor n e r JCI : M I XED M ELEM AH

  Last price : 5.977 Support : 5.921, 5.888 Resist ance : 6.026, 6.086

JCI pada hari ini kam i per kirakan akan bergerak M I XED M ELEM AH , dengan Range 5.888 — 5.995. JCI belum

berhasil bert ahan di at as Resist ance 5.982 dan kam i perkirakan cenderung unt uk m engalam i koreksi. I ndikat or

St oc Osc berada di level 92.6 yang m engindikasikan keadaan Overbought . Sedangkan indikat or MACD m asih

m engindikasikan Upt rend.

  Ja k a r t a Com posit e I n de x ( JCI )

Su m m a r y of por t folio: Stock Recommendation Comment

  TLKM HOLD Break Resist ance 3.950, Candle chart pola Hanging Man. ADRO HOLD Candle chart m em bent uk Pola Bearish Haram i.

  PTBA TAKE PROFIT Candle chart membentuk Pola Long Legged Doji SMGR HOLD Candle chart membentuk Pola Black Spinning Top. ^{May Jun Jul Aug Sep Oct Nov 5,500 5,550 5,600 5,650 5,700 5,750 5,800 5,850 5,900 5,950 6,000 6,050 6,100 6,150 6,200 6,250 6,300 5868 5921 5848 5815 5956 5769 5982 6026 6086 COMPOSITE - Daily 11/8/2018 Open 5939.89, Hi 5996.84, Lo 5949.52, Clos e 5976.81 (0.6%) MA(Clos e,50) = 5,848.69 5,976.81 5,848.69 May Jun Jul Aug Sep Oct Nov -100 -50 50 COMPOSITE - MACD(12,26) = 25.99, Signal(12,26,9) = 2.60 25.9912 2.60394 20 80 COMPOSITE - Stoch %K(15,3) = 92.64, Stoch %D(15,3,3) = 94.06 92.6447 COMPOSITE - RSI(15) = 61.90 61.9032}

  _{TLKM - Daily 11/8/2018 4:14:00 PM Open 3970, Hi 4000, Lo 3920, Clos e 4000 (1.3%) MA(Clos e,50) = 3,623.80} Te le k om u n ik a si I n don e sia ( Pe r se r o) Tbk ( TLKM ) _{4110 4,100 4,500 4,200 4,300 4,400 3810 3,800 3830 3890 3950} 4030 4,000 _{3,623.8 3,700 3,900 3,600 4,000 TLKM - MACD(12,26) = 89.88, Signal(12,26,9) = 66.84 2018}

_{Feb Mar Apr May Jun Jul Aug Sep Oct Nov}

_{66.8357 89.878} 3,500 _{3,300 3,400 100 50 TLKM - Stoch %K(15,3) = 96.53, Stoch %D(15,3,3) = 94.21 TLKM - RSI(15) = 64.84 2018}

_{Feb Mar Apr May Jun Jul Aug Sep Oct Nov}

_{64.8434 94.213 96.5278 70 20 80 -100} -50

TLKM : H OLD

  Last price : 4.000

Suppor t : 3.950, 3.890

Target price : 4.030 ( 3.6% ) Resist ance : 4.030, 4.110 St op Loss : 3.810 ( - 2.1% ) Ent ry point 3940 ( 05/ 11) sudah t ercapai, TLKM berhasil break Resist ance 3.950, dan berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 4.030 dan 4.110. TLKM dilihat I ndikat or MACD dan St oc Osc m engindikasikan pola Overbought . _{ADRO - Daily 11/8/2018 4:14:00 PM Open 1620, Hi 1625, Lo 1595, Clos e 1610 (0.9%) MA(Clos e,50) = 1,742.30} Ada r o En e r gy Tbk ( AD RO) _{2,300 2,400 2,500 1,900 2,000 2,100} 2,200 _{ADRO - MACD(12,26) = -45.37, Signal(12,26,9) = -40.95 Mar Apr May Jun Jul Aug Sep Oct Nov 1565 1610 1,600 1585 1645 1665 1705 1,742.3 1,610} 1,800 _{1,700 1,500 ADRO - Stoch %K(15,3) = 23.82, Stoch %D(15,3,3) = 17.49 Mar Apr May Jun Jul Aug Sep Oct Nov -40.947 -45.3692 23.8163 17.4925} 100 _{-100 20 80} ADRO - RSI(15) = 40.81 ₇₀ AD RO : H OLD

  Last price : 1.610 Support : 1.585, 1.565

Resist ance : 1.645, 1.665

Target price : 1.705 ( 4.6% ) St op loss : 1.565 ( - 4.0% )

Ent ry point 1.630 ( 07/ 11) sudah t ercapai, ADRO t elah berhasil break Resist ance 1.645, t et api di t ut up di level Support

1.610, yang perlu diperhat ikan Support 1.565 sebagai level St op Loss ADRO. Nam un, j ika ADRO berhasil break Resis-

  Ta m ba n g Ba t u ba r a Bu k it Asa m Tbk ( PTBA)

  Last price : 4.470 St op Loss : 4.300

PTBA sudah m encapai Target price 4.490 ( 08/ 11 ) , kam i m erekom endasikan TAKE PROFI T PTBA. j ika berhasil break

Resist ance Trendline 4.520 akan m encoba Resist ance 4.610. PTBA j uga didukung oleh I ndikat or MACD m engindikasi- kan pola Golden Cross dan St oc osc yang m engindikasikan pola Upt rend.

  Last price : 9.825 Target price : 10.350 ( 7.8% ) St op loss : 9.300 ( - 3.1% )

Support : 4.430, 4.390

  

Resist ance : 4.490, 4.520

Support : 9.575, 9.425

Resist ance : 9.925, 10.100

^{Mar Apr May Jun Jul Aug Sep Oct Nov 2,800 3,000 3,200 3,400 3,600 3,800 4,000 4,200 4,400 4,600 4,800 5,000 4490 4610 4430 4350 4180 4390 4300 4250 4520 PTBA - Daily 11/8/2018 4:12:00 PM Open 4520, Hi 4550, Lo 4470, Clos e 4470 (0.0%) MA(Clos e,50) = 4,277.40 4,470 4,277.4 Mar Apr May Jun Jul Aug Sep Oct Nov -100 100 200 PTBA - MACD(12,26) = 7.29, Signal(12,26,9) = 1.80 7.29446 1.80315 20 80 PTBA - Stoch %K(15,3) = 62.18, Stoch %D(15,3,3) = 52.99 62.1795 52.9915 PTBA - RSI(15) = 54.72 Mar Apr May Jun Jul Aug Sep Oct Nov 6,500 7,000 7,500 8,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500 12,000 9300 9575 9925 9425 10100 10350 SMGR - Daily 11/8/2018 4:07:00 PM Open 9850, Hi 9875, Lo 9775, Clos e 9825 (1.0%) MA(Clos e,50) = 9,117.50 9,825 9,117.5 Mar Apr May Jun Jul Aug Sep Oct Nov -400 -200 200 400 SMGR - MACD(12,26) = 184.88, Signal(12,26,9) = 86.90 184.878 86.9042 20 80 SMGR - Stoch %K(15,3) = 91.82, Stoch %D(15,3,3) = 92.56 91.8239 RSI(15) 70 SMGR - = 64.58}

Se m e n Gr e sik ( Pe r se r o) Tbk ( SM GR) PTBA : TAKE PROFI T

SM GR : H OLD

State Budget 2016 2017 2018

  

GDP Growth (%, YoY) 5,0% 5,2% 5,4%

Exchange rate (USD/IDR) 13307 13300 13500

Inflation (%, YoY)

  3% 4,3% 3,5%

  

3 Months SPN (%) 5,7% 5,2% 5,3%

Indonesian C rude Oil (USD/barrel)

  40

  45

  48 Oil Lifting ( thousands barrel/day) 829 815 800 Gas Lifting (thousands, BOE/day)

  1.18

  1.15

  1.2 Total State Budget (in IDR trillion) 1556 1714 1878 Upcoming IPO Dividend Rights Issue

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Equity Research Team

DISCLAIMER

  

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