See important disclaimer at the end of this report

Thursday, August 09, 2018
Volume

7,000

JCI Index

6,000
5,000
4,000
3,000

ID X S t a t is t ic s

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

0

C lo s ing

JCI

6,094.83

Transactio n Value Regular M arket (IDR tn)

6.799

Transactio n Vo lume Regular M arket (mn shares)

6,480

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

(484)


Fo reign Net B uy (Sell)

(3.47)

To tal M arket Capitalizatio n (IDR tn)

O t he r Indic e s

I HSG n a ik se b a n ya k 3 .6 p o in (0 .0 6 % ) ke le ve l 6 0 9 4 .8 3 .
Se m e n t a ra LQ4 5 t u ru n se b a n ya k 2 .6 p o in (0 .2 7 % ) ke le ve l
9 6 4 .9 7 . Fo re ig n n e t se ll se b e sa r Rp 4 8 3 .5 m ilia r.

6,895.47

C lo s ing

1- D a y C hg ( %)

YT D
C hg ( %)


LQ45

964.97

(0.27)

(10.60)

EIDO

24.46

(0.61)

(13.96)

IDX

22.15


(0.49)

(10.83)

25,583.75

(0.18)

3.50

S&P 500

2,857.70

(0.03)

6.89

NA SDA Q


7,888.33

0.06

14.27

DOW JONES

Toda y’s M a r k e t :

FTSE

7,776.65

0.75

1.16




NIKKEI

22,644.31

(0.08)

(0.53)

HA NG SENG

I HSG diperkirakan bergerak m ixed. Bursa AS dit ut up m elem ah pada perdagangan Rabu ( 08/ 08) karena t erbebani
oleh sent im en perang dagang. Harga crude oil t urun ke
level USD 66.88 per barrel. Harga bat ubara t urun ke level
USD 115.90 per Mt . Rupiah bergerak m enguat t erhadap
Dollar AS ke level I DR 14.435. 10Yr Governm ent Bonds
Yield st abil di level 7.70% .










Dari luar negeri, Am erika Serikat ( AS) akan kem bali m engenakan t arif barang- barang China sebesar 25% pada 23
Agust us 2018. Kant or Per wakilan Perdagangan AS ( USTR)
t elah m enerbit kan daft ar t arif pada 279 lini produk im por
senilai US$ 16 m iliar.
Dari dalam negeri, pem erint ah akan m em perluas penyaluran Kredit Usaha Rakyat ( KUR) pada t ahun depan. Selain
m enam bah t arget penyaluran KUR m enj adi Rp 140 t riliun
dari t ahun ini Rp 117 t riliun, pada t ahun depan penyaluran
KUR j uga akan m eram bah usaha di sekt or pariwisat a.
Dari dalam negeri, kewaj iban penggunaan solar bercam pur biodiesel 20% ( B20) akan berlaku per 1 Sept em ber
2018. At uran ini berpot ensi m endongkrak perm int aan CPO
di pasar dom est ik dan m em bant u kinerj a em it en perkebunan sawit .
Secara t eknikal indeks hari Kam is ( 09/ 08) , I HSG diprediksi
bergerak di kisaran 6060 - 6137.


Top BUY: PGAS

BoW : ASI I , ERAA, RALS

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

28,359.14

0.39

(5.21)

STRA ITS TIM ES

3,326.74

(0.40)

(2.24)


KLSE

1,804.73

0.76

0.44

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

14,435.00


(0.05)

EUR/IDR

16,748.02

(0.01)

3.12

JP Y/IDR

130.23

0.47

7.53

SGD/IDR


10,585.01

(0.01)

4.17

A UD/IDR

10,716.87

(0.03)

1.17

GB P /IDR

18,574.10

(0.57)

1.41

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)

66.88

Co al (USD/mn to ns)

115.90

8/8/2018

14.98

2.95

8:09:53 A M

(0.17)

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

8:10:41A M

6.07

10.68

1,214.55

8:20:44 A M

(6.77)

Nickel (USD/mn to ns)

14,055.00

8:20:43 A M

10.15

Tins (USD/mn to ns)

19,540.00

8:20:05 A M

(2.42)

2,220.00

8/8/2018

(9.17)

164.10

8:03:07 A M

(20.11)

Wheat (USD/bushel)

572.25

8:10:43 A M

34.02

Co rn (USD/bushel)

371.25

8:10:43 A M

5.84

CP O (M YR/mn to ns)
Rubber (JP Y/kg)

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
Am erika Serikat ( AS) akan kem bali m engenakan t arif barang - barang China sebesar 25% pada 23 Agust us 2018.
Kant or Perwakilan Perdagangan AS ( USTR) t elah m enerbit kan daft ar t arif pada 279 lini produk im por senilai US$ 16
m iliar. Source: Kont an
Pem erint ah akan m em perluas penyaluran Kredit Usaha Rakyat ( KUR) pada t ahun depan. Selain m enam bah t arget
penyaluran KUR m enj adi Rp 140 t riliun dari t ahun ini Rp 117 t riliun, pada t ahun depan penyaluran KUR j uga akan
m eram bah usaha di sekt or pariwisat a. Source: Kont an
Kewaj iban penggunaan solar bercam pur biodiesel 20% ( B20) akan berlaku per 1 Sept em ber 2018. At uran ini akan
m endongkrak perm int aan CPO di pasar dom est ik dan bisa m enj adi kat alis posit if bagi kinerj a em it en perkebunan
sawit . Source: Kont an
Tingkat konsum si beras nasional diperkirakan t um buh 1,50% set iap t ahunnya m enj adi 99,08 kilogram ( kg) per
kapit a per t ahun pada 2025 dan selanj ut nya m eningkat 2% set iap t ahunnya m enj adi 99,55 kg per kapit a per t ahun
pada 2045. Proyeksi t ersebut t elah m em pert im bangkan penggunaan beras unt uk pangan, pakan, benih, sert a kehilangan dan pem borosan pangan. Source: I nvest or Daily
Telekom unikasi I ndonesia ( TLKM) m enaikkan t arif I ndihom e unt uk 400.000 pelanggan prem ium . Penaikan bert uj uan
m encapai t it ik harga layanan int ernet kabel yang r asional. Telkom m enaikkan harga khusus bagi sekit ar 10% dari
t ot al j um lah pelanggan yang m enggunakan paket berlangganan berkecepat an t inggi, yait u sekit ar 400.000 pelanggan dari t ot al j um lah pelanggan yang saat ini m encapai 4,1 j ut a pelanggan. Source: Bisnis I ndonesia
Bank Cent ral Asia ( BBCA) m ulai m elakukan penyesuaian t erhadap suku bunga kredit sebesar 25 bps yang berlaku
m ulai Agust us 2018. Dari sisi bunga sim panan, BCA t elah m enaikkan bunga deposit o sebanyak t ot al 100 bps yang
dilakukan secara bert ahap pada periode April—Agust us. Sour ce: Bisnis I ndonesia
Pan Brot hers ( PBRX) m engklaim perolehan pendapat an pada sem est er I / 2018 t um buh sekit ar 10% secara t ahunan.
Pencapaian it u sej alan dengan t arget kenaikan set ahun penuh sebesar 15% . Source: Bisnis I ndonesia
Pelayaran Tam arin Sam udra ( TAMU) m em prediksi t ahun ini belum bisa m endapat kan laba bersih posit if dan kem ungkinan, baru akan m engant ongi laba pada t ahun depan. Unt uk m erealisasikan laba posit if pada t ahun depan,
TAMU berencana m engikut i t ender pengangkut an kapal dan m engakuisisi perusahaan lain. Source: Kont an
Tridom ain Perform ance Mat erial ( TDPM) ingin m eningkat kan kont ribusi penj ualan ekspor pada t ahun ini dengan
m engej ar peningkat an porsi ekspor dari sem ula 8% - 10% , m enj adi 15% t erhadap t ot al penj ualan. Source: Kont an
I ndosat ( I SAT) m encat at kan t ot al pendapat an sepanj ang sem est er - I 2018 sebesar Rp 11 t riliun, t urun 27% dari t ahun sebelum nya. Perusahaan m encat at kan rugi periode berj alan yang diat ribusikan kepada pem ilik ent it as induk
sebesar Rp 694 m iliar, dari sebelum nya Rp 784 m iliar. Source: I nvest or Daily
Sum m arecon Agung ( SMRA) m em bukukan t ot al m arket ing sales Rp 1,5 t riliun pada akhir Juli 2018. Adapun selam a
sem est er I - 2018, perusahaan propert i ini m encet ak t ot al m arket ing sales Rp 1,15 t riliun at au set ara dengan 28,75%
dari t arget t ahun ini Rp 4 t riliun. Source: I nvest or Daily
I nt iland Developm ent ( DI LD) m em ulai em pat proyek baru pada sem est er I I - 2018, dua dari proyek baru t ersebut
adalah bagian dari proyek besar yang sudah berj alan at au exist ing. Sepanj ang t ahun ini DI LD m enarget kan t ot al
m arket ing sales sebesar Rp 3,38 t riliun dan hingga pert engahan t ahun 2018 sudah m engant ongi 37,87% dari seluruh t arget . Source: Kont an
Rist ia Bint ang Mahkot asej at i ( RBMS) berencana unt uk m enggalang pendanaan m elalui right issue yang akan digunakan unt uk m endukung ekspansi bisnis. 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 ric 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

21,600.34

864.53

3.50

20.68

16.43

3.88

4.03

7,112.29

7,112.29

2

SP X Index

2,872.87

2,417.35

184.09

6.89

22.50

17.73

3.30

3.38

25,058.07

25,058.07

3

C C M P Index

7,933.31

6,177.19

984.94

14.27

39.08

23.38

3.80

3.92

12,332.47

12,332.47

4

SP T SX Index

16,586.46

14,785.78

105.95

0.65

19.84

15.80

1.91

1.88

2,499.81

1,912.05

5

M EXB O L Index

51,620.84

44,429.36

540.14

1.09

19.72

17.62

2.65

2.74

6,032.21

326.82

3,708.82

3,261.86

(0.30)

18.39

14.11

1.67

1.69

2,943.03

3,412.45

E uro pe
(10.36)

6

SX5E Index

7

UKX Index

7,903.50

6,866.94

88.88

1.16

23.28

13.91

1.97

1.98

2,154.04

2,774.62

8

C A C Index

5,657.44

4,995.07

189.34

3.56

18.39

14.67

1.67

1.70

1,604.28

1,860.17

9

D A X Index

13,596.89

11,726.62

(284.10)

(2.20)

19.10

13.26

1.86

1.87

1,162.12

1,347.48

10

IB EX Index

10,705.90

9,327.60

(296.80)

(2.96)

15.07

12.75

1.47

1.48

608.92

706.05

11

F T SEM IB Index

24,544.26

21,122.51

(63.04)

(0.29)

28.62

11.95

1.18

1.18

514.87

597.00

12

A EX Index

576.90

505.92

29.12

5.35

18.98

15.68

1.91

1.96

684.91

794.16

13

SM I Index

9,616.38

8,372.90

(205.72)

(2.19)

24.59

16.13

2.59

2.68

1,111.49

1,117.64

6,306.10

5,639.40

203.40

3.35

17.90

16.04

2.09

2.10

1,859.06

1,379.61

A s ia / P a c if ic
14

A S51 Index

15

A S30 Index

6,394.30

5,702.20

187.56

3.04

18.90

16.06

2.00

2.01

2,026.26

1,503.69

16

SH SZ 300 Index

4,403.34

3,257.69

(716.35)

(17.77)

16.58

11.18

2.05

1.98

26,199.40

3,829.26

17

SH A SH R Index

3,757.20

2,818.06

(589.73)

(17.03)

16.86

10.97

1.80

1.76

29,092.93

4,252.17

18

SZ A SH R Index

2,140.56

1,512.40

(453.12)

(22.81)

29.07

16.38

3.12

2.91

18,572.28

2,714.49

19

H SI Index

33,484.08

26,863.71

(1,560.01)

(5.21)

13.70

11.49

1.39

1.40

18,386.99

2,342.41

20

H SC EI Index

13,962.53

10,405.46

(808.12)

(6.90)

9.14

7.81

1.05

1.08

11,693.91

1,489.75

21

SEN SEX Index

37,931.42

31,081.83

11.25

24.56

20.04

3.12

3.25

67,656.26

985.39

22

N IF T Y Index

11,459.95

9,685.55

919.30

8.73

23.83

19.57

3.12

3.25

83,207.82

1,211.89

23

J C I Index

6,693.47

5,557.56

(260.83)

(4.10)

24.31

15.71

2.52

2.64

6,895,468.03

478.15

24

LQ 45 Index

1,132.92

871.91

(114.42)

(10.60)

21.16

16.40

3.39

3.50

4,402,740.22

305.30

25

KSE100 Index

47,144.12

37,736.73

5.59

9.00

8.86

1.46

1.51

7,448.40

60.14

26

N KY Index

24,129.34

19,239.52

(120.63)

(0.53)

19.41

16.23

1.89

1.92

390,055.81

3,514.97

27

N EY Index

376.09

311.55

(11.86)

(3.32)

16.02

13.51

1.38

1.40

440,296.06

3,967.70

28

T P X Index

1,911.31

1,578.66

(72.85)

(4.01)

16.35

13.57

1.41

1.43

656,376.45

5,914.90

29

F B M KLC I Index

1,896.03

1,657.78

7.92

0.44

16.68

17.33

1.67

1.78

1,125.98

276.28

30

N Z SE Index

1,606.69

1,402.58

61.43

4.07

19.27

20.48

2.03

2.02

129.21

87.13

3,830.73

2,260.38

31

P C O M P Index

9,078.37

6,923.67

(706.96)

(8.26)

22.98

18.10

2.51

2.64

9,775.12

184.21

32

F SST I Index

3,641.65

3,176.26

(76.18)

(2.24)

11.07

13.32

1.22

1.24

562.49

412.29

33

KO SP I Index

2,607.10

2,243.90

(166.04)

(6.73)

12.75

9.08

1.05

1.05

1,487,042.69

1,328.51

34

T WSE Index

11,270.18

10,189.04

432.39

4.06

15.56

14.11

1.75

1.80

32,994.73

1,077.38

35

SET Index

1,852.51

1,556.22

(32.07)

(1.83)

18.92

15.90

2.08

2.18

17,352.63

522.21

36

SET 50 Index

1,223.67

991.42

6.55

0.58

17.52

15.87

2.26

2.38

11,996.30

361.02

37

VN IN D EX Index

1,211.34

759.01

(17.97)

(1.83)

18.95

16.46

2.81

3.04

3,084,034.05

132.48

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
5 2 -W E E K
L Q 4 5 In d e x

C H A N G E Y TD

P E R (x )

P B V (x )

8 -A u g -1 8
H IG H

LOW

P O IN T

%

1

A D H I IJ

1 ,6 7 0

2 ,5 1 0

1 ,5 3 5

(2 1 5 )

(1 1 . 4 1 )

2

A D R O IJ

1 ,9 9 0

2 ,6 5 0

1 ,5 7 5

130

6 .9 9

3

A K R A IJ

4 ,3 2 0

8 ,0 2 5

3 ,9 6 0

4

A N TM IJ

5

A S II IJ

6

920

1 ,0 1 5

600

7 ,4 2 5

8 ,7 5 0

6 ,1 0 0

B B C A IJ

2 3 ,9 2 5

2 4 ,7 0 0

1 8 ,5 0 0

7

B B N I IJ

8 ,1 0 0

1 0 ,1 7 5

8

B B R I IJ

3 ,3 3 0

3 ,9 2 0

9

B B TN IJ

2 ,6 2 0

10

B J B R IJ

11

B M R I IJ

12

B M TR IJ

432

13

B R P T IJ

1 ,8 2 0

14

B S D E IJ

1 ,2 6 0

15

B U M I IJ

246

16

EX C L IJ

(2 , 0 3 0 )

(3 1 . 9 7 )

2017

2018E

2017

2018E

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

1 3 .0 2

7 .2 5

1 .1 5

0 .9 1

5 ,9 4 6 .6 2

9 .0 6

8 .6 3

1 .2 6

1 .1 8

6 3 ,6 5 2 .0 6

2 8 .1 1

1 5 .8 7

3 .3 7

2 .0 3

1 7 ,3 4 3 .4 8

295

4 7 .2 0

3 8 .7 0

0 .8 1

1 .1 9

2 2 ,1 0 8 .3 0

(8 7 5 )

(1 0 . 5 4 )

1 7 .8 2

1 4 .2 6

2 .7 2

2 .1 9

3 0 0 ,5 9 0 .3 8

2 ,0 2 5

9 .2 5

2 3 .1 7

2 2 .8 4

4 .1 1

3 .9 1

5 8 9 ,8 7 1 .1 0

6 ,7 5 0

(1 , 8 0 0 )

(1 8 . 1 8 )

1 3 .5 6

9 .7 9

1 .8 7

1 .4 0

1 5 1 ,0 5 4 .1 2

2 ,7 2 0

(3 1 0 )

(8 . 5 2 )

1 5 .3 4

1 2 .6 5

2 .6 7

2 .2 0

4 1 0 ,7 4 1 .5 5

3 ,8 9 0

2 ,1 1 0

(9 5 0 )

(2 6 . 6 1 )

1 2 .4 9

8 .1 1

1 .7 5

1 .1 2

2 7 ,7 4 5 .8 0

2 ,0 7 0

2 ,9 9 0

1 ,9 2 0

(3 3 0 )

(1 3 . 7 5 )

1 9 .2 0

1 3 .6 2

2 .3 1

1 .9 3

2 0 ,0 7 1 .3 2

7 ,3 2 5

9 ,0 5 0

6 ,2 5 0

(6 7 5 )

(8 . 4 4 )

1 8 .0 9

1 3 .4 3

2 .2 4

1 .8 9

3 4 1 ,8 3 3 .3 3

755

430

(1 5 8 )

(2 6 . 7 8 )

0 .8 8

-

2 ,7 2 0

1 ,6 7 5

(4 4 0 )

(1 9 . 4 7 )

2 8 .8 9

1 5 .7 8

2 .1 6

1 .0 7

3 2 ,3 8 0 .6 9

1 ,9 6 5

1 ,2 5 5

(4 4 0 )

(2 5 . 8 8 )

6 .6 1

8 .8 7

1 .2 9

0 .8 7

2 4 ,2 5 0 .8 4

356

166

(2 4 )

(8 . 8 9 )

2 .5 7

2 .8 4

-

-

1 6 ,0 8 3 .2 2

90

3 .0 4

8 5 .1 6

7 0 .4 6

1 .4 6

1 .4 7

3 2 ,5 9 8 .2 8
1 4 8 ,1 5 4 .7 8

3 ,0 5 0

1 ,7 1 0

-

-

-

6 ,1 3 3 .8 0

17

G G R M IJ

7 7 ,0 0 0

8 6 ,4 0 0

6 1 ,9 2 5

(6 , 8 0 0 )

(8 . 1 1 )

2 0 .8 0

1 7 .6 2

3 .8 2

3 .2 4

18

H M S P IJ

3 ,8 2 0

5 ,5 5 0

3 ,2 3 0

(9 1 0 )

(1 9 . 2 4 )

4 3 .5 4

3 3 .3 4

1 6 .1 3

1 2 .6 3

4 4 4 ,3 3 5 .0 5

19

IC B P IJ

8 ,9 5 0

9 ,2 7 5

7 ,9 0 0

50

0 .5 6

2 7 .3 1

2 4 .9 0

5 .3 1

4 .8 1

1 0 4 ,3 7 4 .0 8

20

IN C O IJ

4 ,3 5 0

4 ,7 2 0

2 ,5 0 0

1 ,4 6 0

5 0 .5 2

21

IN D F IJ

6 ,4 5 0

8 ,7 5 0

6 ,0 7 5

(1 , 1 7 5 )

(1 5 . 4 1 )

22

IN D Y IJ

3 ,4 0 0

4 ,6 3 0

845

23

IN TP IJ

1 5 ,0 0 0

2 3 ,9 5 0

1 2 ,5 0 0

(6 , 9 5 0 )

(3 1 . 6 6 )

24

J S M R IJ

4 ,9 9 0

6 ,7 7 5

3 ,9 2 0

(1 , 4 1 0 )

(2 2 . 0 3 )

25

K L B F IJ

1 ,2 9 0

1 ,7 9 5

1 ,1 5 5

(4 0 0 )

(2 3 . 6 7 )

26

L P K R IJ

368

805

322

(1 2 0 )

27

L P P F IJ

6 ,5 0 0

1 1 ,9 7 5

6 ,0 2 5

28

M N C N IJ

1 ,0 4 0

1 ,6 9 0

850

29

M YR X IJ

129

198

101

30

P G A S IJ

1 ,8 7 0

2 ,8 6 0

1 ,3 6 5

120

6 .8 6

2 0 .7 7

31

P TB A IJ

4 ,8 1 0

4 ,8 7 0

1 ,8 1 0

2 ,3 5 0

9 5 .5 3

5 .7 9

32

P TP P IJ

1 ,9 9 0

3 ,2 8 0

1 ,8 4 0

(6 5 0 )

(2 4 . 6 2 )

33

P W O N IJ

555

725

494

(1 3 0 )

34

S C M A IJ

2 ,0 8 0

2 ,9 8 0

1 ,9 3 5

(4 0 0 )

35

S M G R IJ

8 ,6 0 0

1 1 ,7 7 5

6 ,5 0 0

36

S R IL IJ

344

414

2 1 .5 5

1 .1 6

1 .5 7

4 3 ,2 2 3 .0 7

1 2 .7 4

2 .1 5

1 .6 6

5 6 ,6 3 3 .7 5

3 .5 0

6 .2 0

1 .2 7

1 .2 4

1 7 ,7 1 4 .6 5

4 3 .4 5

3 3 .7 6

3 .2 9

2 .2 3

5 5 ,2 1 8 .4 8

2 1 .1 1

1 8 .2 2

3 .0 8

2 .1 8

3 6 ,2 1 6 .7 8

3 2 .9 6

2 4 .0 8

5 .9 6

4 .1 2

6 0 ,4 6 8 .9 1

(2 4 . 5 9 )

1 8 .0 9

1 0 .3 5

0 .4 9

0 .3 9

8 ,4 9 6 .0 8

(3 , 5 0 0 )

(3 5 . 0 0 )

1 5 .2 9

9 .4 4

1 2 .5 3

5 .2 0

1 8 ,9 6 6 .4 7

(2 4 5 )

(1 9 . 0 7 )

1 1 .7 8

8 .9 2

1 .8 6

1 .4 0

1 4 ,8 4 7 .1 5

19

1 7 .2 7

-

-

-

1 1 ,1 8 4 .7 2

1 4 .4 1

0 .9 9

1 .0 0

4 5 ,3 3 1 .6 2

1 0 .9 2

1 .9 1

3 .2 5

5 5 ,4 1 4 .3 7

1 1 .2 6

7 .1 1

1 .4 3

0 .9 6

1 2 ,3 3 7 .8 0

(1 8 . 9 8 )

1 7 .6 2

1 2 .0 9

3 .2 0

2 .1 6

2 6 ,7 2 8 .5 8

(1 6 . 1 3 )

2 7 .2 4

1 8 .3 3

9 .3 0

5 .8 9

3 0 ,4 1 2 .9 3

(1 , 3 0 0 )

(1 3 . 1 3 )

2 9 .1 4

2 4 .0 0

2 .0 3

1 .6 7

5 1 ,0 1 1 .0 7

302

(3 6 )

(9 . 4 7 )

7 .2 6

1 .1 8

-

340

1 1 .1 1

1 6 .1 8

-

-

7 ,0 3 5 .5 5

37

S S M S IJ

1 ,3 4 0

1 ,5 7 5

1 ,0 0 5

(1 6 0 )

(1 0 . 6 7 )

1 8 .4 4

1 3 .8 1

3 .5 4

2 .7 7

1 2 ,7 6 3 .5 0

38

TL K M IJ

3 ,5 5 0

4 ,7 7 6

3 ,2 5 0

(8 4 9 )

(1 9 . 3 0 )

1 9 .6 8

1 6 .2 1

4 .7 0

3 .4 8

3 5 7 ,8 3 9 .9 9

39

TP IA IJ

5 ,3 2 5

6 ,6 7 5

4 ,1 4 0

(6 7 5 )

(1 1 . 2 5 )

2 3 .8 1

2 3 .0 8

4 .7 4

3 .6 9

9 4 ,9 6 3 .5 0

40

TR A M IJ

232

432

94

34

1 7 .1 7

-

-

41

U N TR IJ

3 6 ,0 2 5

4 0 ,5 0 0

2 8 ,7 5 0

625

1 .7 7

1 7 .8 4

1 3 .2 5

2 .9 1

2 .5 8

1 3 4 ,3 7 8 .1 2

42

U N V R IJ

4 3 ,0 0 0

5 8 ,1 0 0

4 2 ,6 5 0

(2 3 . 0 8 )

6 0 .8 9

4 2 .9 7

8 2 .4 4

5 3 .4 2

3 2 8 ,0 9 0 .0 0

43

W IK A IJ

1 ,6 7 5

2 ,1 9 0

1 ,2 1 0

125

8 .0 6

1 1 .5 5

1 0 .1 7

1 .1 0

1 .0 7

1 5 ,0 2 4 .6 7

44

W S B P IJ

414

510

336

6

1 .4 7

1 0 .5 6

8 .3 5

1 .4 7

1 .2 0

1 0 ,9 1 3 .5 2

W S K T IJ

2 ,0 9 0

3 ,1 5 0

1 ,7 7 0

7 .3 8

6 .2 7

2 .1 4

1 .6 3

2 8 ,3 6 9 .4 6

45

(1 2 , 9 0 0 )

(1 2 0 )

(5 . 4 3 )

-

-

1 1 ,5 1 4 .7 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 ( %)

(0.89)

1.26

4.34

(8.12)

B asic Industry

1.60

1.77

10.84

Trade

0.80

(0.57)

(1.19)

(6.50)

Finance

0.47

2.61

8.43

(3.57)

M iscellaneo us Industry

0.57

(0.39)

14.64

(7.32)

Co nsumer

(1.43)

(0.69)

0.71

(14.44)

Infrastructure

(0.17)

1.53

(1.45)

(11.01)

A griculture

4.06

8.79

10.40

(1.78)

(0.62)

(0.52)

8.73

33.75

J ul- 18

J un- 18

P ro perty

M ining

20.53

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 %)

2.18

3.61

Inflatio n Yo Y (in %)

3.18

3.12

Inflatio n M o M (in %)

0.28

0.59

119.84

122.91

Fo reign Reserves (in USD bn)

F OR EX

S po t R a t e

USD/IDR

1- D a y ( %) 1- M o nt h ( %)

Y T D ( %)

14,431.00

-

(0.70)

(6.07)

USD/CNY

6.84

(0.06)

(3.21)

(4.81)

USD/EUR

0.86

0.03

1.25

3.43

USD/JP Y

110.77

0.19

0.07

1.73

USD/SGD

1.36

(0.01)

(0.48)

(2.00)

USD/A UD

1.35

0.13

0.60

5.18

USD/GB P

0.78

0.09

3.01

4.96

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

( in %)

JIB OR (in IDR)

7.26

LIB OR (in GB P )

1.05

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.59

Indo nesia 10-Year Go vernment B o nds Yield

7.70

Indo nesia 15-Year Go vernment B o nds Yield

8.06

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 )

Tr im itr a Pr oper tindo Tbk
MD Pictur es Tbk

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

List in g

773.3

10/ 07/ 2018 - 14/ 08/ 2018

23- Aug- 18

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

1247.8

03/ 07/ 2018 - 05/ 07/ 2018

11- Jul- 18

Pollux Pr oper ti I ndonesia 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

XC I D

1.46

St a t u s

01/ 08/ 2018

02/ 08/ 2018

06/ 08/ 2018

21/ 08/ 2018

AKRA

120

11/ 07/ 2018

12/ 07/ 2018

16/ 07/ 2018

03/ 08/ 2018

XI SB

1.99

11/ 07/ 2018

12/ 07/ 2018

16/ 07/ 2018

18/ 07/ 2018

BMAS

8

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

C ASS

15.65

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

ULTJ

10

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

01/ 08/ 2018

BATA

5.55

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

27/ 07/ 2018

C SAP

4

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
ASII - Daily 8/8/2018 4:08:00 PM Open 7400, Hi 7450, Lo 7325, Clos e 7425 (0.7%) MA(Clos e,50) = 6,797.00
9,200
9,000
8,800
8,600
8,400
8,200
8,000
7825

7,800

7700
7600
7500
7425

7,425
7,400

7,600

7300

7,200

7150
7050

7,000

6950
6,797
6,800
6,600
6,400
6,200
Jul
Aug
Sep
Oct
ASII - MACD(12,26) = 192.53, Signal(12,26,9) = 127.03

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
192.533
200
127.026
100
0
-100
-200

Jul
Aug
Sep
Oct
ASII - Stoch %K(15,3) = 90.29, Stoch %D(15,3,3) = 83.04

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
90.2928
80
83.0405

20

ASI I : BUY ON W EAKN ESS
ASI I belum berhasil break Resist ance 7.500, ASI I berpeluang m enguj i Support 7.325, 7.200 dan 7.050 dalam j angka pendek.
Nam un, j ika ASI I berhasil break Resist ance 7.500 m aka ASI I akan m encoba Resist ance 7.600, 7.700 dan 7.825. ASI I dilihat
I ndikator MACD dan St oc Osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 7.325 — 7.425
: 7.600 ( 3.8% ) , 7.700 ( 5.1% )
: 7.200 ( - 1.7% )

PGAS - Daily 8/8/2018 4:13:00 PM Open 1790, Hi 1875, Lo 1760, Clos e 1870 (5.1%) MA(Clos e,50) = 1,849.50

2,900
2,800
2,700
2,600
2,500
2,400
2,300
2,200

2090
2030
1980
1950
1900
1790

2,100
2,000
1,900
1,870
1,849.5
1,800

1730

1,700

1670
1625

1,600

1550

1,500
1,400

Jul
Aug
Sep
Oct
PGAS - MACD(12,26) = -3.56, Signal(12,26,9) = -31.48

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
200
100
-3.56341 0
-31.4838
-100

Jul

Aug

Sep

Oct

Nov

PGAS - Stoch %K(15,3) = 91.63, Stoch %D(15,3,3) = 85.12

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
91.6306
85.119 80

20

PGAS : TRAD I N G BUY
PGAS berhasil break Trendline 1.820, PGAS berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 1.900, 1.950 dan
1.980, Nam un, j ika PGAS gagal break Resist ance 1.950 m aka PGAS akan m encoba Support 1.900, 1.870 dan 1.820. PGAS
dilihat I ndikat or MACD dan Stoc osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 1.870— 1.880
: 1.950 ( 4.3% ) , 1.980 ( 5.9% )
: 1.820 ( - 2.7% )

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

Pick s of Th e D a y
ERAA - Daily 8/8/2018 4:13:00 PM Open 2900, Hi 3020, Lo 2860, Clos e 2990 (3.1%) MA(Clos e,50) = 2,783.40
3,400

3400
3320
3200

3,200

3070

3,000
2,990

2940
2860
2800

2,783.4
2,800

2680

2,600
2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600

Jul
Aug
Sep
Oct
ERAA - MACD(12,26) = 103.31, Signal(12,26,9) = 141.52

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
300
200
141.522
103.309
100
0

Jul
Aug
Sep
Oct
ERAA - Stoch %K(15,3) = 28.26, Stoch %D(15,3,3) = 43.64

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
80
43.6403
28.2628
20

ERAA : BUY ON W EAKN ESS
ERAA belum berhasil break Resist ance 3.070, ERAA berpeluang m enguj i Support 2.940, 2.860 dan 2.8000. Nam un, j ika ERAA
berhasil break Resist ance 3.070 ,m aka ERAA akan m encoba Resist ance 3.100, 3.200 dan 3.320. ERAA dilihat I ndikat or St oc osc
m engindikasikan pola Downt rend.
Ent ry point
Exit point
St op Loss

: 2.940 — 2.990
: 3.070 ( 4.4% ) , 3.200 ( 8.8% )
: 2.860 ( - 2.7% )

RALS - Daily 8/8/2018 4:13:00 PM Open 1285, Hi 1320, Lo 1285, Clos e 1315 (2.3%) MA(Clos e,50) = 1,385.50
1,550
1,500
1,450
1415
1380
1365
1345
1330
1300
1285
1270
1245

1,400
1,385.5
1,350
1,315
1,300
1,250
1,200
1,150
1,100
1,050
1,000
950
900
850

Jul

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

RALS - MACD(12,26) = -16.18, Signal(12,26,9) = -5.11
50
-5.11342
0
-16.1844
-50
Jul
Aug
Sep
Oct
RALS - Stoch %K(15,3) = 15.14, Stoch %D(15,3,3) = 18.88

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
80
18.8831
20
15.1427

RALS : BUY ON W EAKN ESS
RALS belum berhasil break Resist ance 1.330, RALS berpeluang m enguj i Support 1.300, 1.285 dan 1.270 dalam j angka pendek.
Nam un, j ika RALS berhasil break Resist ance 1.330 m aka RALS akan m encoba Resist ance 1.345, 1.365 dan 1.380. RALS dilihat
I ndikator St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 1.300 — 1.315
: 1.345 ( 3.5% ) , 1.365 ( 5.0% )
: 1.270 ( - 2.3% )

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PT Sinarmas Sekuritas
Sinarmas Land Plaza Tower 3, 6th Fl.

EQUITY ANALYST

Jl. M. H. Thamrin no. 51

Paulina

Tel: +62 21 392 5550

Retail, Cement

Fax: +62 21 392 5540

Tel: +62 21 3925550 Ext: 610

research@sinarmassekuritas.co.id

paulina@sinarmassekuritas.co.id

www.sinarmassekuritas.co.id
RESEARCH ASSOCIATE

Equity Research Team

Anthony Angkawijaya

HEAD OF RESEARCH

Construction, Petrochemical, Healthcare

Evan Lie Hadiwidjaja

Tel: +62 21 3925550 Ext: 611

Banking, Automotive

anthony.angkawijaya@sinarmassekuritas.co.id

Tel: +62 21 3925550 Ext: 615
evan.hadiwidjaja@sinarmassekuritas.co.id

RESEARCH ASSOCIATE
Kenji Fanata

DEPUTY HEAD OF RESEARCH

Telecommunication, Tobacco, Poultry, Media

Wilbert

Tel: +62 21 3925550 Ext: 611

Consumer Goods, Plantation, Pulp and Paper

kenji.fanata@sinarmassekuritas.co.id

Tel: +62 21 3925550 Ext: 611
wilbert@sinarmassekuritas.co.id

TECHNICAL ANALYST
Eddy Wijaya

EQUITY ANALYST

Tel: +62 21 3925550 Ext: 159

Richard Suherman

eddy.wijaya@sinarmassekuritas.co.id

Commodities
Tel: +62 21 3925550 Ext: 610
richard.suherman@sinarmassekuritas.co.id
EQUITY ANALYST
Richardson Raymond
Property, Industrial Estate
Tel: +62 21 3925550 Ext: 159
richardson.raymond@sinarmassekuritas.co.id

DISCLAIMER
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or
will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates,
expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever
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