See important disclaimer at the end of this report

Thursday, August 16, 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

5,816.59

Transactio n Value Regular M arket (IDR tn)
Transactio n Vo lume Regular M arket (mn shares)

6,215

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

(353)
(3.65)

Fo reign Net B uy (Sell)
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 4 6 .7 p o in (0 .8 1 % ) ke le ve l 5 8 1 6 .5 9 .
Se m e n t a ra LQ4 5 n a ik se b a n ya k 9 .3 p o in (1 .0 3 % ) ke le ve l
9 1 2 .3 8 . Fo re ig n n e t se ll se b e sa r Rp 3 5 2 .7 8 m ilia r.

6.480

6,580.63

C lo s ing

1- D a y C hg ( %)

YT D
C hg ( %)

912.38


1.03

(15.47)

EIDO

22.52

(0.53)

(20.79)

IDX

20.37

(0.78)

(18.00)
1.79


LQ45

DOW JONES

25,162.41

(0.54)

S&P 500

2,818.37

(0.76)

5.41

NA SDA Q

7,774.12


(1.23)

12.61

Toda y’s M a r k e t :

FTSE

7,497.87

(1.49)

(2.47)



NIKKEI

22,204.22


(0.68)

(2.46)

HA NG SENG

I HSG diperkirakan bergerak m ixed. Bursa AS dit ut up m elem ah pada perdagangan Rabu ( 15/ 08) . Harga cr ude oil
t urun ke level USD 64.67 per barrel. Harga bat ubara st abil
di level USD 118.15 per Mt . Rupiah bergerak st abil t erhadap Dollar AS ke level I DR 14.608. 10Yr Governm ent
Bonds Yield naik ke level 8.01% .










Dari dalam negeri, Badan Pusat St at ist ik ( BPS) m encat at ,
neraca perdagangan I ndonesia pada Juli 2018 m engalam i
defisit sekit ar US$ 2,03 m iliar. Sekt or m igas m engalam i
defisit perdagangan US$ 1,19 m iliar dan sekt or nonm igas
defisit US$ 0,84 m iliar.
Rapat Dewan Gubernur Bank I ndonesia ( BI ) m em ut uskan
unt uk m enaikkan t ingkat bunga acuan BI 7 - Day Reverse
Repo Rat e ( 7DRRR) sebesar 25 basis poin ( bps) m enj adi
5,5% . Sej alan dengan it u, suku bunga deposit facilit y dan
lending facilit y m asing- m asing j uga dinaikkan 25 bps m enj adi 4,75% dan 6% .
Disam ping it u, Kem ent erian Energi dan Sum ber Daya Mineral ( ESDM) berupaya m enam bah devisa negara dengan
m eningkat kan kuot a produksi bat ubara sebesar 100 j ut a
t on hingga akhir t ahun ini, sehingga produksi m encapai
585 j ut a t on. Dengan penam bahan t ersebut , pem erint ah
m engharapkan penam bahan devisa negara hingga USD
1,5 m iliar. Hal ini berpot ensi m enj adi sent im en posit if unt uk sekt or bat ubara.
Secara t eknikal indeks hari Kam is ( 16/ 08) , I HSG diprediksi
bergerak di kisaran 5715 - 5860.

Tr a ding BUY: LSI P, I N D Y, JPFA

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

BoW : D M AS

27,323.59

(1.55)

(8.68)

STRA ITS TIM ES

3,234.12

(0.27)

(4.96)

KLSE


1,785.94

0.12

(0.60)

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

14,608.00

0.00


EUR/IDR

16,537.04

0.01

1.92

JP Y/IDR

132.09

0.85

8.90

SGD/IDR

10,584.70


0.05

4.15

A UD/IDR

10,542.06

0.07

(0.33)

GB P /IDR

18,505.48

(0.21)

1.06

C o m m o dit ie s

La s t
T ra ns a c t io n

P ric e

7.01

YT D
C hg ( %)

Crude Oil (USD/barrel)

64.67

8:04:06 A M

7.03

Co al (USD/mn to ns)

118.15

8/15/2018

17.21

Natural Gas (USD/mmB tu)

2.93

8:00:56 A M

(0.78)

1,165.15

8:14:09 A M

(10.56)

Nickel (USD/mn to ns)

12,885.00

8:14:09 A M

0.98

Tins (USD/mn to ns)

18,370.00

8:12:52 A M

(8.26)

2,178.00

8/15/2018

(10.80)

Go ld (USD/o unce)

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

156.40

8:07:49 A M

(23.86)

Wheat (USD/bushel)

532.75

8:03:55 A M

24.77

Co rn (USD/bushel)

361.00

8:03:55 A M

2.92

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
I m por beras I ndonesia pada t ahun ini m elonj ak set elah Kem ent erian Perdagangan m enyat akan t elah m enerbit kan
izin im por 2 j ut a t on pada t ahun ini. Nam un, besarnya kuot a izin im por t idak lant as m em buat harga beras m enj adi
t urun. Source: Bisnis I ndonesia
Pem erint ah Turki m em ut uskan m enggandakan t arif sej um lah barang im por dari Am erika Serikat ( AS) sepert i alkohol, m obil penum pang dan t em bakau. Tarif im por alkohol naik hingga 140% , t arif im por m obil penum pang m enj adi
120% dan t arif im por t em bakau hingga 60% . I ni sebagai langkah balasan Tur ki t erhadap AS yang m enaikkan t arif
im por alum inium dan baj a dari Turki. Source: Kont an
Badan Pusat St at ist ik ( BPS) m encat at , neraca perdagangan I ndonesia pada Juli 2018 m engalam i defisit sekit ar US$
2,03 m iliar. Sekt or m igas m engalam i defisit perdagangan US$ 1,19 m iliar dan sekt or nonm igas defisit US$ 0,84 m iliar. Source: I nvest or Daily
Rapat Dewan Gubernur Bank I ndonesia ( BI ) m em ut uskan unt uk m enaikkan t ingkat bunga acuan BI 7 - Day Reverse
Repo Rat e ( 7DRRR) sebesar 25 basis poin ( bps) m enj adi 5,5% . Sej alan dengan it u, suku bunga deposit facilit y dan
lending facilit y m asing- m asing j uga dinaikkan 25 bps m enj adi 4,75% dan 6% . Source: I nvest or Daily
Kem ent erian Energi dan Sum ber Daya Mineral ( ESDM) berupaya m enam bah devisa negara dengan m eningkat kan
kuot a produksi bat ubara sebesar 100 j ut a t on hingga akhir t ahun ini, sehingga produksi m encapai 585 j ut a t on. Dengan penam bahan t ersebut , pem erint ah m engharapkan penam bahan devisa negara hingga USD 1,5 m iliar. Source:
I nvest or Daily
Link Net ( LI NK) , penyedia TV kabel dan broadband int ernet t erkem uka di I ndonesia dengan brand First Media,
m enghadirkan First Squad sebagai bent uk kom it m en dalam m enj aga konsist ensi peningkat an layanan dan inovasi
produk secara kom prehensif kepada pelanggan. Source: I nvest or Daily
I nt iland Developm ent ( DI LD) m encat at kan pert um buhan pendapat an usaha sebesar 26,97% YoY m enj adi Rp 1,81
t riliun per sem est er I 2018 dengan laba bersih t urun 39,16% YoY m enj adi Rp 142,46 m iliar. Penurunan laba t erut am a karena adanya peningkat an biaya operasional dan beban bunga. Source: Kont an
Golden Energy Mines ( GEMS) m encat at kan pendapat an sepanj ang sem est er - I 2018 sebesar USD 481 j ut a, t um buh
72% secara t ahunan. Laba bersih t ercat at sebesar USD 68 j ut a, t um buh 33% secara t ahunan. Source: I nvest or
Daily
Buyung Put ra Sem bada ( HOKI ) m enarget kan kenaikan pendapat an 10% hingga akhir t ahun 2018, dengan t arget
laba bersih t um buh 20% YoY. Source: Kont an
Bekasi Faj ar I ndust rial Est at e ( BEST) m encat at kan pendapat an sepanj ang sem est er - I 2018 sebesar Rp 402 m iliar,
t urun 5,4% secara t ahunan. Laba bersih t ercat at sebesar Rp 137 m iliar, t urun 20,3% secara t ahunan. Source: I nvest or Daily
Alfa Energi I nvest am a ( FI RE) m enyepakat i perj anj ian kerj a sam a dengan skem a operasi bersam a ( j oint operat ion/
JO) dengan m it ra asing, Excel Concept I nt ernat ional Lim it ed. Perseroan m elalui anak usaha, PT Alfara Delt a Persada,
bersam a m it ranya akan m engem bangkan t am bang bat u bara. Source: I nvest or Daily

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

D a ily Cor por a t e a nd I n du st r y N e w s
Mat ahari Depart m ent St ore ( LPPF) baru saj a m engum um kan kolaborasi eksklusif dengan m erek olahraga Tiongkok,
361 Degrees I nt ernat ional unt uk m enghadirkan produk sport wear, m ulai busana, celana, j aket , hingga sepat u. Melalui kolaborasi ini Mat ahari dan 361 Degrees j uga ingin m ewuj udkan I ndonesia sehat dan gem ar berolahraga.
Source: I nvest or Daily
Hanson I nt ernat ional ( MYRX) m em bukukan penj ualan unit propert i ( m arket ing sales) senilai Rp 1,02 t riliun hingga
akhir sem est er I - 2018. Sedangkan t arget sepanj ang t ahun ini m encapai Rp 1 - 1,5 t riliun. Source: I nvest or Daily
PT PP ( PTPP) t engah m em bidik t ender kont rak di Malaysia dan Viet nam dengan t ot al nilai m encapai Rp2 t riliun sej alan dengan upaya pengem bangan bisnis perseroan di kawasan Asia.
Eraj aya Swasem bada ( ERAA) m endapat kan t am bahan fasilit as pinj am an dari Bank Cent ral Asia ( BCA) pada Senin
( 13/ 8) lalu. Perinciannya, sebanyak Rp 1,41 t riliun t am bahan kredit dan US$ 13,3 j ut a t am bahan fasilit as foreign
exchange ( forex) . Fasilit as pinj am an yang diperoleh oleh perseroan akan m eningkat kan m odal kerj a perseroan yang
akan digunakan unt uk m endukung kegiat an operasional dan ekspansi bisnis perseroan. Source: Kont an
PT Hasnur Jaya I nt ernasional, perusahaan yang bergerak di sekt or m ining dan infrast rukt ur berencana unt uk m elakukan init ial public offering ( I PO) pada sem est er I - 2019. Dana hasil I PO akan digunakan unt uk m engem bangkan
infrast rukt ur t am bang bat ubara dan m ining lewat logist ic coal services dan m ining services. Source: Kont an
PT Superkrane Mit ra Ut am a m engincar dana hasil penawaran um um perdana ( init ial public offering/ I PO) saham sebesar Rp 270- 378 m iliar. Perseroan berniat m elepas 20% saham kepada publik dengan harga pelaksanaan Rp 900 1.260 per saham . Source: I nvest or Daily

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

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

443.19

1.79

20.67

16.15

3.88

3.94

7,028.21

7,028.21

2

SP X Index

2,872.87

2,417.35

144.76

5.41

22.49

17.46

3.30

3.33

24,727.87

24,727.87

3

C C M P Index

7,933.31

6,177.19

870.73

12.61

40.64

23.12

3.80

3.81

12,140.06

12,140.06

4

SP T SX Index

16,586.46

14,785.78

(60.63)

(0.37)

19.83

15.61

1.91

1.87

2,473.29

1,881.83

5

M EXB O L Index

51,620.84

44,429.36

(797.73)

(1.62)

19.72

17.06

2.65

2.66

5,892.73

307.47

3,708.82

3,261.86

(144.88)

(4.13)

18.39

13.53

1.67

1.61

2,839.23

3,220.82

E uro pe
6

SX5E Index

7

UKX Index

7,903.50

6,866.94

(189.90)

(2.47)

23.29

13.32

1.97

1.92

2,074.14

2,634.16

8

C A C Index

5,657.44

4,995.07

(7.34)

(0.14)

18.39

14.06

1.67

1.63

1,548.10

1,756.16

9

D A X Index

13,596.89

11,726.62

(754.63)

(5.84)

19.19

12.81

1.86

1.78

1,119.76

1,270.26

10

IB EX Index

10,643.40

9,327.60

(657.10)

(6.54)

15.07

12.25

1.47

1.43

587.21

666.13

11

F T SEM IB Index

24,544.26

20,768.86

(946.99)

(4.33)

28.62

11.46

1.18

1.13

496.65

563.40

12

A EX Index

576.90

505.92

1.49

18.98

14.98

1.91

1.85

658.93

747.49

13

SM I Index

9,616.38

8,372.90

(455.64)

(4.86)

24.59

15.71

2.59

2.59

1,082.32

1,088.85

6,329.02

5,639.40

263.89

4.35

17.90

14.32

2.09

2.09

1,876.89

1,359.06

8.12

A s ia / P a c if ic
14

A S51 Index

15

A S30 Index

6,415.70

5,702.20

248.38

4.03

18.90

14.40

2.00

2.00

2,030.70

1,470.43

16

SH SZ 300 Index

4,403.34

3,257.69

(738.88)

(18.33)

16.58

11.11

2.05

1.99

25,957.96

3,743.14

17

SH A SH R Index

3,757.20

2,818.06

(611.64)

(17.66)

16.86

10.88

1.80

1.78

28,876.12

4,163.94

18

SZ A SH R Index

2,140.56

1,512.40

(437.17)

(22.01)

29.07

16.52

3.12

2.96

18,769.62

2,706.58

19

H SI Index

33,484.08

26,951.92

(2,595.56)

(8.68)

13.70

11.14

1.39

1.38

17,656.18

2,249.20

20

H SC EI Index

13,962.53

10,405.46

(1,174.16)

(10.03)

9.14

7.60

1.05

1.07

11,204.81

1,427.36

21

SEN SEX Index

38,076.23

31,081.83

3,795.17

11.14

24.56

20.19

3.12

3.26

67,528.62

959.51

22

N IF T Y Index

11,495.20

9,687.55

904.40

8.59

23.85

19.73

3.12

3.27

83,044.47

1,179.97

23

J C I Index

6,693.47

5,557.56

(539.06)

(8.48)

24.37

14.93

2.52

2.52

6,580,628.48

449.50

24

LQ 45 Index

1,132.92

871.91

(167.01)

(15.47)

21.16

15.53

3.39

3.38

4,162,914.30

284.35

25

KSE100 Index

47,144.12

37,736.73

1,975.08

4.88

9.00

8.83

1.46

1.45

7,393.79

60.33

26

N KY Index

24,129.34

19,239.52

(560.72)

(2.46)

19.37

15.88

1.89

1.83

381,314.02

3,443.64

27

N EY Index

376.09

311.55

(20.09)

(5.62)

16.06

13.16

1.38

1.33

429,841.31

3,881.89

28

T P X Index

1,911.31

1,578.66

(119.53)

(6.58)

16.35

13.13

1.41

1.36

639,647.55

5,776.64

29

F B M KLC I Index

1,896.03

1,657.78

(10.87)

(0.60)

16.68

17.20

1.67

1.70

1,111.74

270.98

30

N Z SE Index

1,606.69

1,402.58

80.34

5.32

19.27

20.80

2.03

2.04

130.58

85.71

31

P C O M P Index

9,078.37

6,923.67

(1,017.50)

(11.89)

22.98

17.48

2.51

2.55

9,393.18

175.43

32

F SST I Index

3,641.65

3,176.26

(168.80)

(4.96)

11.07

12.97

1.22

1.20

549.35

398.08

33

KO SP I Index

2,607.10

2,220.04

(208.58)

(8.45)

12.74

8.98

1.05

1.03

1,459,837.95

1,285.23

34

T WSE Index

11,270.18

10,189.04

73.89

0.69

15.56

13.70

1.75

1.73

31,948.21

1,035.10

35

SET Index

1,852.51

1,562.01

(77.42)

(4.41)

18.92

15.49

2.08

2.11

16,899.31

506.91

36

SET 50 Index

1,223.67

994.05

(27.36)

(2.41)

17.52

15.39

2.26

2.31

11,639.90

349.15

37

VN IN D EX Index

1,211.34

759.01

(22.87)

(2.32)

18.95

16.32

2.81

2.87

3,068,539.14

131.64

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

4

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 )

1 5 -A u g -1 8
H IG H

LOW

P O IN T

%

2017

2018E

2017

2018E

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

1

A D H I IJ

1 ,5 4 0

2 ,5 1 0

1 ,5 0 5

(3 4 5 )

(1 8 . 3 0 )

1 3 .0 2

6 .8 0

1 .1 5

0 .8 4

5 ,4 8 3 .7 1

2

A D R O IJ

1 ,8 5 5

2 ,6 5 0

1 ,5 7 5

(5 )

(0 . 2 7 )

9 .0 6

7 .9 2

1 .2 6

1 .0 8

5 9 ,3 3 3 .9 6

4 ,0 3 0

8 ,0 2 5

3 ,8 0 0

(2 , 3 2 0 )

(3 6 . 5 4 )

2 8 .1 1

865

1 ,0 1 5

600

6 ,9 7 5

8 ,7 5 0

6 ,1 0 0

3

A K R A IJ

4

A N TM IJ

5

A S II IJ

240
(1 , 3 2 5 )

3 8 .4 0
(1 5 . 9 6 )

1 5 .0 1

3 .3 7

1 .9 0

1 6 ,1 7 9 .2 2

3 6 .3 9

0 .8 1

1 .1 2

2 0 ,7 8 6 .6 1

1 7 .8 2

1 3 .3 5

2 .7 2

2 .0 6

2 8 2 ,3 7 2 .7 8

-

6

B B C A IJ

2 3 ,4 5 0

2 4 ,7 0 0

1 8 ,6 2 5

1 ,5 5 0

7 .0 8

2 3 .1 7

2 2 .4 2

4 .1 1

3 .8 3

5 7 8 ,1 5 9 .9 7

7

B B N I IJ

7 ,3 7 5

1 0 ,1 7 5

6 ,7 5 0

(2 , 5 2 5 )

(2 5 . 5 1 )

1 3 .5 6

8 .9 2

1 .8 7

1 .2 7

1 3 7 ,5 3 3 .8 4

8

B B R I IJ

3 ,2 1 0

3 ,9 2 0

2 ,7 2 0

(4 3 0 )

(1 1 . 8 1 )

1 5 .3 4

1 2 .1 6

2 .6 7

2 .1 2

3 9 5 ,9 4 0 .0 5

9

B B TN IJ

2 ,5 8 0

3 ,8 9 0

2 ,1 1 0

(9 9 0 )

(2 7 . 7 3 )

1 2 .4 9

7 .9 8

1 .7 5

1 .1 0

2 7 ,3 2 2 .2 0

10

B J B R IJ

1 ,9 1 0

2 ,7 5 0

1 ,8 3 0

(4 9 0 )

(2 0 . 4 2 )

1 9 .2 0

1 2 .5 7

2 .3 1

1 .7 8

1 8 ,5 1 9 .9 2

11

B M R I IJ

6 ,8 0 0

9 ,0 5 0

6 ,2 5 0

(1 , 2 0 0 )

(1 5 . 0 0 )

1 8 .0 9

1 2 .4 2

2 .2 4

1 .7 5

3 1 7 ,3 3 3 .3 3

12

B M TR IJ

412

755

402

(1 7 8 )

(3 0 . 1 7 )

0 .8 8

-

13

B R P T IJ

1 ,8 1 5

2 ,7 2 0

1 ,6 7 5

(4 4 5 )

(1 9 . 6 9 )

2 8 .8 9

1 5 .5 0

2 .1 6

1 .0 5

3 2 ,2 9 1 .7 3

14

B S D E IJ

1 ,1 8 0

1 ,9 6 5

1 ,1 8 0

(5 2 0 )

(3 0 . 5 9 )

6 .6 1

8 .3 7

1 .2 9

0 .8 2

2 2 ,7 1 1 .1 0

15

B U M I IJ

222

356

16

EX C L IJ

17

G G R M IJ

7 1 ,8 0 0

18

H M S P IJ

19

IC B P IJ

20

IN C O IJ

-

-

5 ,8 4 9 .8 3

166

(4 8 )

(1 7 . 7 8 )

2 .5 7

2 .5 3

-

-

1 4 ,5 3 5 .5 4

1 ,7 1 0

(4 0 )

(1 . 3 5 )

8 5 .1 6

6 7 .4 6

1 .4 6

1 .4 1

3 1 ,2 0 8 .8 4

8 6 ,4 0 0

6 1 ,9 2 5

(1 2 , 0 0 0 )

(1 4 . 3 2 )

2 0 .8 0

1 6 .3 9

3 .8 2

3 .0 2

1 3 8 ,1 4 9 .5 2

3 ,5 8 0

5 ,5 5 0

3 ,2 3 0

(1 , 1 5 0 )

(2 4 . 3 1 )

4 3 .5 4

3 1 .2 5

1 6 .1 3

1 1 .8 3

4 1 6 ,4 1 8 .7 2

8 ,5 5 0

9 ,2 7 5

7 ,9 0 0

(3 5 0 )

(3 . 9 3 )

2 7 .3 1

2 3 .7 9

5 .3 1

4 .6 0

9 9 ,7 0 9 .3 1

3 ,9 8 0

4 ,7 2 0

2 ,5 1 0

1 ,0 9 0

3 7 .7 2

1 9 .4 2

1 .1 6

1 .4 2

3 9 ,5 4 6 .6 3

(1 , 5 0 0 )

(1 9 . 6 7 )

1 6 .1 8

1 2 .1 0

2 .1 5

1 .5 8

5 3 ,7 8 0 .1 1

3 .5 0

5 .6 1

1 .2 7

1 .1 2

1 6 ,2 5 5 .8 0

2 ,9 2 0

-

21

IN D F IJ

6 ,1 2 5

8 ,7 5 0

6 ,0 0 0

22

IN D Y IJ

3 ,1 2 0

4 ,6 3 0

890

23

IN TP IJ

1 3 ,8 2 5

2 3 ,9 5 0

1 2 ,5 0 0

(8 , 1 2 5 )

(3 7 . 0 2 )

4 3 .4 5

3 3 .3 6

3 .2 9

2 .0 6

5 0 ,8 9 3 .0 3

24

J S M R IJ

4 ,6 2 0

6 ,7 7 5

3 ,9 2 0

(1 , 7 8 0 )

(2 7 . 8 1 )

2 1 .1 1

1 6 .8 4

3 .0 8

2 .0 1

3 3 ,5 3 1 .3 6

25

K L B F IJ

1 ,2 1 5

1 ,7 9 5

1 ,1 5 5

(4 7 5 )

(2 8 . 1 1 )

3 2 .9 6

2 2 .7 0

5 .9 6

3 .8 8

5 6 ,9 5 3 .2 7

26

L P K R IJ

360

805

322

(1 2 8 )

(2 6 . 2 3 )

1 8 .0 9

1 0 .1 3

0 .4 9

0 .3 8

8 ,3 1 1 .3 8

27

L P P F IJ

6 ,1 2 5

1 1 ,9 7 5

5 ,5 2 5

(3 , 8 7 5 )

(3 8 . 7 5 )

1 5 .2 9

8 .9 5

1 2 .5 3

4 .8 6

1 7 ,8 7 2 .2 5

28

M N C N IJ

930

1 ,6 9 0

850

(3 5 5 )

(2 7 . 6 3 )

1 1 .7 8

7 .9 8

1 .8 6

1 .2 5

1 3 ,2 7 6 .7 8

29

M YR X IJ

128

198

101

18

1 6 .3 6

-

-

-

1 1 ,0 9 8 .0 1

30

P G A S IJ

1 ,8 4 0

2 ,8 6 0

1 ,3 6 5

90

5 .1 4

2 0 .7 7

1 3 .9 7

0 .9 9

0 .9 8

4 4 ,6 0 4 .3 8

31

P TB A IJ

4 ,0 3 0

4 ,9 4 0

1 ,8 1 0

1 ,5 7 0

6 3 .8 2

5 .7 9

9 .1 4

1 .9 1

2 .7 2

4 6 ,4 2 8 .2 6

32

P TP P IJ

1 ,8 6 5

3 ,2 8 0

1 ,8 4 0

(7 7 5 )

(2 9 . 3 6 )

1 1 .2 6

6 .6 8

1 .4 3

0 .9 0

1 1 ,5 6 2 .8 1

33

P W O N IJ

505

725

490

(1 8 0 )

(2 6 . 2 8 )

1 7 .6 2

1 1 .0 0

3 .2 0

1 .9 6

2 4 ,3 2 0 .6 0

34

S C M A IJ

1 ,9 0 5

2 ,9 8 0

1 ,8 5 0

(5 7 5 )

(2 3 . 1 9 )

2 7 .2 4

1 6 .8 2

9 .3 0

5 .2 9

2 7 ,8 5 4 .1 5

35

S M G R IJ

8 ,0 0 0

1 1 ,7 7 5

6 ,5 0 0

(1 , 9 0 0 )

(1 9 . 1 9 )

2 9 .1 4

2 2 .3 4

2 .0 3

1 .5 6

4 7 ,4 5 2 .1 6

36

S R IL IJ

338

414

302

(4 2 )

(1 1 . 0 5 )

7 .2 6

1 .1 8

-

37

S S M S IJ

1 ,3 3 5

1 ,5 6 0

1 ,0 0 5

(1 6 5 )

(1 1 . 0 0 )

1 8 .4 4

1 4 .9 2

3 .5 4

2 .8 0

1 2 ,7 1 5 .8 8

38

TL K M IJ

3 ,4 3 0

4 ,7 7 6

3 ,2 5 0

(9 6 9 )

(2 2 . 0 3 )

1 9 .6 8

1 5 .7 8

4 .7 0

3 .3 7

3 4 5 ,7 4 3 .9 9

39

TP IA IJ

4 ,9 6 0

6 ,6 7 5

4 ,1 4 0

(1 , 0 4 0 )

(1 7 . 3 3 )

2 3 .8 1

1 9 .9 3

4 .7 4

3 .3 9

8 8 ,4 5 4 .2 6

40

TR A M IJ

210

432

96

-

-

41

U N TR IJ

3 4 ,0 0 0

4 0 ,5 0 0

2 8 ,7 5 0

(1 , 4 0 0 )

(3 . 9 5 )

1 7 .8 4

1 2 .5 0

2 .9 1

2 .4 3

1 2 6 ,8 2 4 .5 9

42

U N V R IJ

4 0 ,8 0 0

5 8 ,1 0 0

4 0 ,4 0 0

(1 5 , 1 0 0 )

3 1 1 ,3 0 4 .0 0

43

W IK A IJ

1 ,5 9 0

2 ,1 9 0

1 ,2 1 0

44

W S B P IJ

384

510

45

W S K T IJ

1 ,8 7 0

3 ,1 5 0

60

12

1 .9 6

6 .0 6

-

-

-

-

6 ,9 1 2 .8 4

1 0 ,4 2 3 .0 7

(2 7 . 0 1 )

6 0 .8 9

4 0 .7 7

8 2 .4 4

5 2 .1 4

40

2 .5 8

1 1 .5 5

9 .6 6

1 .1 0

1 .0 1

1 4 ,2 6 2 .2 2

336

(2 4 )

(5 . 8 8 )

1 0 .5 6

7 .7 4

1 .4 7

1 .1 1

1 0 ,1 2 2 .6 8

1 ,7 7 0

(3 4 0 )

(1 5 . 3 8 )

7 .3 8

5 .6 9

2 .1 4

1 .4 6

2 5 ,3 8 3 .2 0

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

5

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 ( %)

(0.28)

(3.87)

(1.45)

(11.68)

0.52

(6.82)

0.18

12.31

P ro perty
B asic Industry
Trade

0.14

(3.32)

(5.75)

(9.60)

Finance

0.83

(3.77)

2.22

(7.20)

M iscellaneo us Industry

1.55

(6.03)

2.41

(12.91)

Co nsumer

0.40

(5.44)

(5.41)

(19.10)

Infrastructure

1.73

(3.52)

(4.89)

(14.15)

A griculture

5.85

0.28

11.44

(1.50)

M ining

1.20

(6.31)

(0.61)

25.31

J ul- 18

J un- 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 %)

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 ( %)

14,577.00

-

(1.26)

(7.01)

USD/CNY

6.93

(0.73)

(3.51)

(6.17)

USD/EUR

0.88

0.00

3.22

5.81

USD/JP Y

110.50

0.22

1.62

1.98

USD/SGD

1.38

0.04

(1.27)

(3.16)

USD/A UD

1.38

0.07

2.58

7.92

USD/GB P

0.79

0.01

4.26

6.42

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

( in %)

JIB OR (in IDR)

7.25

LIB OR (in GB P )

1.04

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.83

Indo nesia 10-Year Go vernment B o nds Yield

8.01

Indo nesia 15-Year Go vernment B o nds Yield

8.37

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

6

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 )

Madusar i Mur ni I ndah
Tr im itr a Pr oper tindo Tbk

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

List in g

495.9

23/ 08/ 2018 - 27/ 08/ 2018

30- Aug- 18

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

MD Pictur es 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
MAYA

Ra t io
1

:

6

Pr ice ( Rp )

Cu m Da t e

EX Da t e

T r a d in g

2,200

24/ 09/ 2018

25/ 09/ 2018

01/ 10/ 2018 - 05/ 10/ 2018

BBKP

3

:

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
LSIP - Daily 8/15/2018 4:14:00 PM Open 1200, Hi 1325, Lo 1195, Clos e 1325 (12.3%) MA(Clos e,50) = 1,064.40

1,600
1,550
1,500
1,450
1435
1,400

1400
1370
1345

1,350
1,325
1,300
1,250
1,200

1195
1170

1,150

1145
1110

1,100

1070

1,064.4
1,050

1030
1010

1,000
950

Apr
May
Jun
Jul
Aug
Sep
LSIP - MACD(12,26) = 65.01, Signal(12,26,9) = 46.34

Oct

Nov

Dec

Feb

2018

Mar

Apr

May

Jun

Jul

Aug
65.0147
50
46.3358
0
-50

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb

2018

Mar

Apr

May

Jun

Jul

Aug

LSIP - Stoch %K(15,3) = 72.77, Stoch %D(15,3,3) = 68.62
72.77 80
68.6207
20

LSI P : TRAD I N G BUY
LSI P t elah berhasil break Trendline 1.325, LSI P berpeluang m elanj ut kan penguat an dan akan m encoba m enguj i Resist ance 1.345,
1.370 dan 1.400 dalam j angka pendek. Nam un, j ika LSI P gagal break Trendline 1.325 m aka LSI P akan m encoba Support 1.310,
1.285 dan 1.265. LSI P dilihat I ndikat or St oc Osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 1.325— 1.335
: 1.370 ( 3.4% ) , 1.400 ( 5.7% )
: 1.285 ( - 3.0% )

INDY - Daily 8/15/2018 4:14:00 PM Open 3040, Hi 3140, Lo 2950, Clos e 3120 (3.3%) MA(Clos e,50) = 3,497.40
5,000

4,500

4,000

3,497.4
3,500
3440
3350
3270
3220
3170
3120
3070
3020
2950

3,120
3,000

2,500

2,000

1,500
Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

INDY - MACD(12,26) = -88.40, Signal(12,26,9) = -35.90
300
200
100
-35.8958 0
-88.4026
-100
Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

-200

Aug

INDY - Stoch %K(15,3) = 10.42, Stoch %D(15,3,3) = 9.81
80

10.424

20

INDY - RSI(15) = 40.35

I N D Y : TRAD I N G BUY
I N D Y berhasil break Resist ance 3.120, I N D Y berpeluang m elanj ut kan penguat an dan akan m encoba m enguj i Resist ance 3.170,
3.220 dan 3.270, Nam un, j ika I N D Y gagal break Resist ance 3.170 m aka I N D Y akan m encoba Support 3.070, 3.020 dan 2.950.
I N D Y dilihat I ndikat or St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 3.120 — 3.130
: 3.170 ( 1.6% ) , 3.220 ( 3.2% )
: 3.070 ( - 1.6% )

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

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
JPFA - Daily 8/15/2018 4:14:00 PM Open 2010, Hi 2130, Lo 1965, Clos e 2130 (6.0%) MA(Clos e,50) = 1,859.70
2,400
2320

2,300

2270
2220

2,200

2150

2,130
2,100

2090
2020

2,000

1965
1900

1,900
1,859.7

1850

1,800
1,700
1,600
1,500
1,400
1,300
1,200
1,100

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

JPFA - MACD(12,26) = 65.49, Signal(12,26,9) = 94.94

150
94.9369
100
65.4904
50

0
Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

JPFA - Stoch %K(15,3) = 28.45, Stoch %D(15,3,3) = 32.28
80
32.279
28.4523
20

JPFA : TRAD I N G BUY
JPFA berhasil break Resist ance 2.090, JPFA berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 2.150, 2.220 dan
2.270. Nam un, j ika JPFA gagal break Resist ance 2.150 ,m aka JPFA akan m encoba Support 2.090, 2.020 dan 1.965. JPFA dilihat
I ndikator MACD dan St oc osc m engindikasikan pola Downt rend.
Ent ry point
Exit point
St op Loss

: 2.130— 2.150
: 2.220 ( 4.2% ) , 2.270 ( 6.6% )
: 2.090 ( - 1.9% )

DMAS - Daily 8/15/2018 4:14:00 PM Open 134, Hi 143, Lo 132, Clos e 138 (3.0%) MA(Clos e,50) = 134.30
210
205
200
195
190
185
180
175
172

170

166

165

162

160
155

153
150

150

146
141
139

145
138

140

134.3 135
134
132
129
125
Sep
Oct
Nov
Dec
DMAS - MACD(12,26) = 1.52, Signal(12,26,9) = -0.51

2018

Feb

Mar

Apr

May

Jun

Jul

130
125

Aug
5
1.52436
0
-0.507804
-5

Sep
Oct
Nov
Dec
DMAS - Stoch %K(15,3) = 56.99, Stoch %D(15,3,3) = 63.60

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
80
63.6038
56.9893

20

D M AS : BUY ON W EAKN ESS
D M AS belum berhasil break Resist ance 146, D M AS berpeluang m enguj i Support 134, 129 dan 125 dalam j angka pendek. Nam un,
j ika D MAS berhasil break Resist ance 146 m aka D M AS akan m encoba Resist ance 150, 153 dan 162. D M AS dilihat I ndikat or MACD
m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 134 — 138
: 146 ( 9.0% ) , 153 ( 14.2% )
: 125 ( - 6.7% )

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

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

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

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Paulina

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Retail, Cement

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Tel: +62 21 3925550 Ext: 610

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[email protected]

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Equity Research Team

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HEAD OF RESEARCH

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Banking, Automotive

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Tel: +62 21 3925550 Ext: 615
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DEPUTY HEAD OF RESEARCH

Telecommunication, Tobacco, Poultry, Media

Wilbert

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Consumer Goods, Plantation, Pulp and Paper

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[email protected]

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DISCLAIMER
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