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

  Thursday, October 11, 2018

  ID X S t a t is t ic s C lo s ing Volume JCI Index

  7,000 20,000

  JCI 5,820.67 Transactio n Value Regular M arket (IDR tn) 4.873

  6,000 15,000

  Transactio n Vo lume Regular M arket (mn shares) 6,836

  5,000 10,000

  Fo reign Net B uy (Sell) (IDR bn) (575)

  4,000 5,000

  Fo reign Net B uy (Sell) (3.96) To tal M arket Capitalizatio n (IDR tn) 6,594.45

  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 23.9 poin (0.41%) ke level 5820.67.

  LQ45 914.97 0.35 (15.23)

  Sementara LQ45 naik sebanyak 3.2 poin (0.35%) ke level

  EIDO 21.05 (2.05) (25.96) 914.97. Foreign net sell sebesar Rp 574.85 miliar.

  IDX 19.08 (1.70) (23.19)

DOW JONES 25,598.74 (3.15)

  3.56 S&P 500 2,785.68 (3.29)

  4.19 NA SDA Q 7,422.05 (4.08)

  7.51 Today’s Market: FTSE 7,145.74 (1.27) (7.05)

   IHSG diperkirakan bergerak melemah. Bursa AS ditutup NIKKEI 23,506.04

  0.16

  3.26

  melemah pada perdagangan Rabu (10/10) dibawah

  HA NG SENG 26,193.07 0.08 (12.45) tekanan dari tingginya imbal hasil US-10 Year Treasury.

STRA ITS TIM ES 3,131.48 (1.11) (7.98)

  Harga crude oil turun ke level USD 72.66 per barrel. Harga

  KLSE 1,735.18 (2.20) (3.43)

  batubara turun ke level USD 109.85 per Mt. Rupiah berge- rak stabil terhadap Dollar AS ke level Rp 15.213. 10Yr Y T D Government Bonds Yield turun ke level 8.55%. 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 dalam negeri, pemerintah menaikkan harga bahan

USD/IDR 15,213.00

  0.00

  10.82

  bakar minyak (BBM) jenis Pertamax series. Harga seri

EUR/IDR 17,537.46

  0.01

  7.55 BBM non-subsidi itu naik mulai Rp 900 hingga Rp 1.350

  per liter. Pemerintah mengklaim, kebijakan menaikkan

JP Y/IDR 135.46

  0.50

  11.16

  harga BBM merupakan imbas dari memanasnya harga

SGD/IDR 11,007.54 (0.33)

  7.86 minyak mentah di pasar global. A UD/IDR 10,748.42 (0.93)

  1.58

   Sehubungan dengan emiten, Bank Mandiri (BMRI) men- GB P /IDR 20,016.81

  0.00

  8.32

  catat pertumbuhan penyaluran kredit pemilikan rumah (KPR) hingga kuartal III-2018 sekitar 8,9 - 9% secara ta- La s t Y T D C o m m o dit ie s P ric e hunan. Sementara itu, tahun ini perseroan menargetkan

  T ra ns a c t io n C hg ( %) KPR tumbuh sampai 12% (yoy).

  Crude Oil (USD/barrel) 72.66 7:57:46 A M

  20.26

   Secara teknikal indeks hari Kamis (11/10), IHSG diprediksi

  Co al (USD/mn to ns) 109.85 10/10/2018

  8.98 bergerak di kisaran 5742-5810. Natural Gas (USD/mmB tu) 3.26 7:57:02 A M

  10.26 Go ld (USD/o unce) 1,192.68 8:07:55 A M (8.45) Nickel (USD/mn to ns) 12,510.00 8:07:55 A M (1.80) Tins (USD/mn to ns) 19,025.00 10/10/2018 (4.99) CP O (M YR/mn to ns) 2,118.00 10/10/2018 (13.34) Rubber (JP Y/kg) 155.50 7:51:01 A M (24.29) Wheat (USD/bushel) 509.50 7:56:58 A M

  19.32 Co rn (USD/bushel) 361.75 7:57:01 A M

  3.14 Top BUY: GGRM, PTPP, HMSP, INDF

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

  Daily Corporate and Industry News

Pemerintah menaikkan harga bahan bakar minyak (BBM) jenis Pertamax series. Harga seri BBM non-subsidi itu naik

mulai Rp 900 hingga Rp 1.350 per liter. Pemerintah mengklaim, kebijakan menaikkan harga BBM merupakan imbas

dari memanasnya harga minyak mentah di pasar global. Source: Kontan

Gubernur Federal Reserve Bank of New York John C William mengatakan, normalisasi kebijakan moneter Amerika

Serikat (AS) sudah berada di tahap akhir dan akan memasuki fase normal. Namun demikian, panduan penyusunan

kebijakan suku bunga AS tidak berubah seiring dengan perkembangan ekonomi domestik yang terus membaik.

Source: Investor Daily

Organisasi untuk Kerja Sama dan Pembangunan Ekonomi (OECD) memprediksi pertumbuhan ekonomi Indonesia

tahun ini bisa mencapai 5,2% dan 5,3% pada 2019. Angka ini lebih optimistis dibandingkan laporan Dana Moneter

Internasional (IMF) sehari sebelumnya yang memangkas proyek

si pertumbuhan ekonomi Indonesia pada dua tahun yang sama menjadi 5,1% dari sebelumnya 5,3%. Source: Inves-

tor Daily

Bank Indonesia (BI) memperkirakan defisit transaksi berjalan Indonesia pada akhir 2018 mencapai 2,9% dari produk

domestik bruto (PDB). BI menilai defisit transaksi berjalan di bawah 3% PDB masih relatif sehat. Tahun depan, BI

memperkirakan defisit dapat dikurangi ke kisaran 2,5%. Upaya mengurangi defisit tersebut juga tidak mudah karena

ketidakpastian ekonomi global, terutama karena eskalasi perang dagang masih membayangi negara berkembang.

Source: Investor Daily

Peternak ayam layer (petelur) meminta pemerintah segera turun tangan untuk mengatasi terus melonjaknya harga

jagung dan pakan ternak. Kenaikan harga jagung dan pakan ternak telah. Kenaikan harga jagung dan pakan ternak

telah mendongkrak biaya produksi (BPP) telur menjadi Rp 21 ribu per kilogram (kg). Saat ini, harga jagung telah

menembus Rp 5.300 per kg dari sebelumnya Rp 4.000 per kg, pun harga pakan mencapai Rp 6.200 per kg dari

sebelumnya Rp. 4.700 per kg. Source: Investor Daily

Pada perdagangan Rabu (10/10), harga minyak Brent turun tipis 0,08 poin atau 0,09% menjadi US$84,92 per barel

dan menguat 26,99% secara year-to-date (ytd). Sementara itu, minyak West Texas Intermediate menurun 0,02

poin atau 0,03% menjadi US$74,94 per barel dengan kenaikan 24,03% ytd. Source: Bisnis Indonesia

Bank Mandiri (BMRI) mencatat pertumbuhan penyaluran kredit pemilikan rumah (KPR) hingga kuartal III-2018 seki-

tar 8,9 - 9% secara tahunan (year on year/yoy). Sementara itu, tahun ini perseroan menargetkan KPR tumbuh sam-

pai 12% (yoy). Source: Investor Daily

Garudafood Putra Putri Jaya (GOOD) dan Jaya Bersama Indo (DUCK) akan ekspansi usaha di kawasan Asean setelah

resmi mencatatkan sahamnya (listing) di Bursa Efek Indonesia (BEI). Sejauh ini Garudafood sudah mengekspor

produk ke 20 negara, yang mayoritas terfokus di wilayah ASEAN, serta Tiongkok dan India. Terkait penambahan

cabang restoran the Duck King akan membuka jaringan baru di Makassar dan AEON mall Cakung, di luar negeri

jaringan baru akan dibuka di Ho Chi Minh, Hanoi, Yangon serta Phnom Penh. Source: Investor Daily

Garuda Maintenance Facility Aero Asia (GMFI) akan menjalin kerja sama strategis dengan maskapai yang berbasis di

Prancis, Air France-KLM. Penandatanganan kontrak kerja sama itu dilakukan di sela pertemuan International Mone-

tary Fund - World Bank (IMF-WB) 2018, di Bali, Kamis (11/10). Source: Investor Daily

Trada Alam Minera (TRAM) melalui anak usahanya, PT Gunung Bara Utama, meraih kontrak kerjasama penggunaan

infrastruktur logistik pertambangan dengan PT Citra Dayak Indah. Kontrak ini berjangka waktu tiga tahun dan be-

rakhir hingga 8 Oktober 2021 dengan opsi perpanjangan. Source: Investor Daily

Metropolitan Land (MTLA) sepanjang Januari hingga akhir September 2018 telah berhasil mencatatkan marketing

sales Rp 1,65 triliun. Jumlah itu setara 82,5% dari target tahun ini yang mencapai Rp 2 triliun. Source: Bisnis Indo-

nesia

Kino Indonesia (KINO) membeli saham milik Morinaga & Co Ltd di PT Morinaga Kino Indonesia senilai Rp 74,89 mil-

iar. Pembelian tersebut menjadikan perseroan sebagai pengendali baru perusahaan tersebut. Source: Investor Daily

Holcim Indonesia (SMCB) mencatatkan peningkatan pendapatan sebesar 12% menjadi Rp 2,92 triliun pada periode

Juli-September 2018. Kontribusi terbesar datang dari volume penjualan sebanyak 3 juta ton, yang berasal dari kebu-

tuhan sektor perumahan dan infrastruktur. Hingga akhir September 2018, penjualan meningkat 7% menjadi Rp 7,37

triliun. Source: Kontan

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

  Daily Corporate and Industry News

Trada Alam Minera (TRAM) merealisasikan pengembangan bisnis infrastruktur logistik pertambangan batubara di

Kalimantan Timur. Kerjasama ini memiliki jangka waktu tiga tahun hingga 8 Oktober 2021 dengan volume produksi

yang bisa dihasilkan minimal sebesar 700.000 metrik ton per tahun. Source: Kontan

PP (PTPP) akan meneken kesepakatan dengan total mencapai Rp6 triliun dalam penyelenggaran Annual Meeting IMF-

World Bank Group 2018 di Nusa Dua, Bali. Salah satu kesepakatan yang akan diteken yakni proyek Hotel Paramount

Mandalika dengan nilai investasi sekitar Rp1 triliun. Source: Bisnis Indonesia

Jaya Bersama Indo (DUCK) berencana dalam 12 bulan ke depan, akan menambah 12 gerai, baik di dalam dan luar

negeri. Menurut manajemen, jika ekspansi di luar negeri terealisasi, kontribusinya terhadap pendapatan diharapkan

mencapai 30%. Source: Kontan

Shield on Service (SOS) berencana melepas 150 juta saham melalui mekanisme penawaran umum perdana (IPO)

saham. Perseroan menargetkan meraup dana sekitar Rp 37,5 - 41,2 miliar dari hasil IPO. Dana hasil IPO rencananya

akan digunakan untuk pelunasan utang AB Sinarmas Multifinance sebesar 71,23%, penyertaan dana pada Human

Resource Provider (HR Pro) 20,61% dan modal kerja sebesar 8,16%. Source: Investor Daily

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

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

  27 NEY Index 376.09 323.31 (5.13) (1.44)

  1.46 1.39 6,915.99

  51.69

  26 NKY Index 24,448.07 20,347.49 741.10

  3.26

  19.40

  16.55

  1.90 1.90 398,388.48 3,534.63

  16.05

  8.99

  12.63

  1.38 1.30 447,454.69 3,969.96

  28 TP X Index 1,911.31 1,645.16 (53.70) (2.95)

  16.34

  13.70

  1.41 1.41 662,649.22 5,879.24

  29 FB M KLCI Index 1,896.03 1,657.78 (61.63) (3.43)

  8.06

  25 KSE100 Index 47,144.12 37,736.73 (1,679.39) (4.15)

  16.68

  17.94

  21 SENSEX Index 38,989.65 31,769.40 704.06

  2.07

  24.56

  18.61

  3.12 2.89 62,579.37 843.08

  22 NIFTY Index 11,760.20 9,951.90 (70.60) (0.67)

  23.85

  3.12 2.88 76,706.68 1,033.40

  3.39 3.37 4,168,358.66 273.77

  23 JCI Index 6,693.47 5,557.56 (534.99) (8.42)

  24.62

  15.09

  2.58 2.55 6,594,446.85 433.10

  24 LQ45 Index 1,132.92 871.91 (164.42) (15.23)

  21.16

  15.73

  16.68

  1.67 1.60 1,083.26 260.84

  7.90

  17.52

  13.44

  1.75 1.63 31,045.60 1,000.92

  35 SET Index 1,852.51 1,584.68 (31.89) (1.82)

  18.90

  15.96

  2.08 2.09 17,364.61 527.19

  36 SET50 Index 1,223.67 1,043.32 (0.41) (0.04)

  15.69

  34 TWSE Index 11,270.18 9,952.69 (176.03) (1.65)

  2.26 2.26 11,926.62 362.09

  37 VNINDEX Index 1,211.34 811.20

  9.72

  0.99

  19.02

  17.19

  2.81 2.84 3,190,107.39 136.74

  15.55

  1.05 1.01 1,441,875.71 1,264.03

  30 NZSE Index 1,652.90 1,433.28

  22.98

  73.01

  4.83

  19.27

  21.04

  2.03 1.93 130.10

  84.21

  31 P COM P Index 9,078.37 6,923.67 (1,557.28) (18.20)

  16.29

  9.00

  2.51 2.37 8,811.25 162.73

  32 FSSTI Index 3,641.65 3,102.73 (271.44) (7.98)

  11.07

  12.71

  1.22 1.23 543.69 393.75

  33 KOSP I Index 2,607.10 2,172.16 (238.88) (9.68)

  12.69

  1.05 1.06 10,895.62 1,390.14

  9.18

  1 INDU Index 26,951.81 22,821.13 879.52

  23.22

  16.42

  2.65 2.59 5,770.94 302.03

  6 SX5E Index 3,708.82 3,261.86 (237.06) (6.77)

  18.41

  13.50

  1.67 1.70 2,816.23 3,249.64

  7 UKX Index 7,903.50 6,866.94 (542.03) (7.05)

  12.85

  5 M EXB OL Index 51,121.23 44,429.36 (1,218.24) (2.47)

  1.97 1.95 1,992.74 2,632.61

  8 CA C Index 5,657.44 5,038.12 (106.34) (2.00)

  18.43

  13.87

  1.67 1.63 1,542.73 1,780.16

  9 DA X Index 13,596.89 11,712.27 (1,205.14) (9.33)

  19.19

  19.72

  1.91 1.86 2,387.00 1,836.72

  1.86 1.87 1,085.28 1,252.30

  17.10

  3.56

  20.69

  16.16

  3.88 3.76 7,134.34 7,134.34

  2 SP X Index 2,940.91 2,532.69 112.07

  4.19

  22.51

  3.30 3.16 24,411.87 24,411.87

  15.06

  3 CCM P Index 8,133.30 6,517.93 518.66

  7.51

  40.69

  21.75

  3.80 3.46 11,599.74 11,599.74

  4 SP TSX Index 16,586.46 14,785.78 (691.73) (4.27)

  19.81

  12.67

  10 IB EX Index 10,643.40 9,111.10 (881.00) (8.77)

  20 HSCEI Index 13,962.53 10,196.71 (1,266.59) (10.82)

  1.80 1.83 29,030.07 4,192.49

  16 SHSZ300 Index 4,403.34 3,191.40 (749.26) (18.59)

  16.47

  11.22

  2.05 2.07 26,246.56 3,790.50

  17 SHA SHR Index 3,757.20 2,769.10 (608.90) (17.58)

  16.86

  11.06

  18 SZA SHR Index 2,140.56 1,433.76 (540.50) (27.21)

  15.33

  29.07

  15.90

  3.12 3.07 17,694.49 2,555.42

  19 HSI Index 33,484.08 26,067.51 (3,726.08) (12.45)

  13.71

  10.86

  1.39 1.36 17,056.72 2,176.21

  2.00 1.91 1,962.32 1,393.45

  18.90

  14.97

  14.13

  11.97

  1.47 1.45 570.44 658.23

  11 FTSEM IB Index 24,544.26 19,679.39 (2,134.30) (9.77) 581.58

  10.82

  1.18 1.04 469.07 541.26

  12 A EX Index 576.90 515.96 (16.55) (3.04)

  18.84

  1.91 1.84 647.78 747.48

  15 A S30 Index 6,481.30 5,807.10 (3.51) (0.06)

  13 SM I Index 9,616.38 8,372.90 (488.99) (5.21)

  24.52

  15.55

  2.59 2.53 1,077.94 1,087.84

  14 A S51 Index 6,373.50 5,724.80 (15.32) (0.25)

  17.95

  15.23

  2.08 2.00 1,808.34 1,284.10

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

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

  9.83

  28.57

  20.77

  14.78

  0.99 1.14 54,543.39

  31 PTBA IJ 4,540 4,940 2,090 2,080

  84.55

  5.79

  1.91 3.07 52,303.79

  15 13.64 - - - - 10,837.90

  32 PTPP IJ 1,660 3,280 1,465 (980) (37.12)

  11.26

  5.96

  1.43 0.79 10,291.83

  33 PWON IJ 468 725 462 (217) (31.68)

  17.62

  10.32

  3.20 1.85 22,538.69

  30 PGAS IJ 2,250 2,860 1,385 500

  29 MYRX IJ 125 198 101

  27.24

  18.09

  21.11

  16.18

  3.08 1.92 32,079.79

  25 KLBF IJ 1,285 1,785 1,155 (405) (23.96)

  32.96

  24.39

  5.96 4.14 60,234.53

  26 LPKR IJ 304 740 298 (184) (37.70)

  8.85

  1.86 1.04 10,778.46

  0.49 0.33 7,018.50

  27 LPPF IJ 6,275 11,975 5,525 (3,725) (37.25)

  15.29

  9.22

  12.53 4.97 18,309.94

  28 MNCN IJ 755 1,690 745 (530) (41.25)

  11.78

  7.02

  34 SCMA IJ 1,740 2,980 1,645 (740) (29.84)

  15.46

  3.29 2.77 62,212.82

  7.88

  2.91 2.31 120,483.36

  42 UNVR IJ 44,900 58,100 40,400 (11,000) (19.68)

  60.89

  44.76

  82.44 56.55 342,587.00

  43 WIKA IJ 1,305 2,190 1,210 (245) (15.81)

  11.55

  1.10 0.83 11,705.79

  17.84

  44 WSBP IJ 358 510 336 (50) (12.25)

  10.56

  7.77

  1.47 1.04 9,437.29

  45 WSKT IJ 1,645 3,150 1,630 (565) (25.57)

  7.38

  4.81

  2.14 1.25 22,329.07

  11.74

  41 UNTR IJ 32,300 40,500 30,775 (3,100) (8.76)

  9.30 4.98 25,441.59

  3.54 2.68 12,192.00

  35 SMGR IJ 9,125 11,775 6,500 (775) (7.83)

  29.14

  26.94

  2.03 1.79 54,125.12

  36 SRIL IJ 340 414 302 (40) (10.53) 7.26 - 1.18 - 6,953.74

  37 SSMS IJ 1,280 1,545 1,005 (220) (14.67)

  17.92

  14.30

  38 TLKM IJ 3,600 4,508 3,250 (799) (18.16)

  46 23.23 - - - - 12,110.62

  19.68

  16.88

  4.70 3.54 356,623.98

  39 TPIA IJ 4,560 6,675 4,420 (1,440) (24.00)

  23.81

  27.23

  4.74 3.02 81,320.85

  40 TRAM IJ 244 432 128

  24 JSMR IJ 4,420 6,775 3,920 (1,980) (30.94)

  48.96

  1 ADHI IJ 1,315 2,510 1,300 (570) (30.24)

  11.42

  4.11 3.84 576,310.84

  7 BBNI IJ 6,950 10,175 6,750 (2,950) (29.80)

  13.56

  8.44

  1.87 1.21 129,608.16

  8 BBRI IJ 3,010 3,920 2,720 (630) (17.31)

  15.34

  2.67 1.99 371,270.89

  23.17

  9 BBTN IJ 2,420 3,890 2,110 (1,150) (32.21)

  12.49

  7.55

  1.75 1.03 25,627.80

  10 BJBR IJ 1,990 2,730 1,795 (410) (17.08)

  19.20

  12.74

  2.31 1.85 19,295.62

  22.34

  6.74

  20.93

  28.11

  13.02

  5.88

  1.15 0.70 4,682.52

  2 ADRO IJ 1,780 2,650 1,575 (80) (4.30)

  9.06

  7.79

  1.26 1.01 56,935.01

  3 AKRA IJ 3,880 8,025 3,220 (2,470) (38.90)

  14.70

  6 BBCA IJ 23,375 25,475 20,050 1,475

  3.37 1.84 15,577.02

  4 ANTM IJ 820 1,015 600 195 31.20 -

  26.56

  0.81 1.06 19,705.23

  5 ASII IJ 6,950 8,750 6,100 (1,350) (16.27)

  17.83

  13.30

  2.72 2.08 281,360.69

  11 BMRI IJ 6,475 9,050 6,175 (1,525) (19.06)

  11.89

  43.45

  1.16 1.21 35,075.28

  16.13 12.89 453,640.50

  19 ICBP IJ 8,625 9,275 7,900 (275) (3.09)

  27.31

  23.94

  5.31 4.63 100,583.96

  20 INCO IJ 3,530 4,720 2,570 640 22.15 -

  28.98

  21 INDF IJ 5,700 8,500 5,550 (1,925) (25.25)

  43.54

  16.18

  11.37

  2.15 1.47 50,048.43

  22 INDY IJ 2,790 4,630 2,020 (270) (8.82)

  3.50

  4.82

  1.27 0.96 14,536.44

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

  34.46

  18 HMSP IJ 3,900 5,550 3,230 (830) (17.55)

  2.24 1.67 302,166.67

  1.29 0.69 19,342.93

  12 BMTR IJ 364 755 364 (226) (38.31) - - 0.88 - 5,168.30

  13 BRPT IJ 1,755 2,720 1,510 (505) (22.35)

  30.00

  19.21

  2.16 1.14 31,224.23

  14 BSDE IJ 1,005 1,965 995 (695) (40.88)

  6.61

  7.30

  15 BUMI IJ 200 356 188 (70) (25.93)

  3.82 3.14 144,980.03

  2.57 2.19 - - 13,095.08

  16 EXCL IJ 2,830 1,710 (130) (4.39)

  85.16

  77.01

  1.46 1.37 30,246.93

  17 GGRM IJ 75,350 86,400 61,925 (8,450) (10.08)

  20.80

  17.18

  MARKET CAP (Bn) LQ45 Index CHANGE YTD PER (x) PBV (x) 10-Oct-18 52-WEEK

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

  P ro perty 0.34 (2.18) (3.77) (17.22) B asic Industry (0.28) (1.93) (3.38)

  10.40 Trade 0.41 (0.63) (1.46) (12.46) Finance 0.02 (1.32) (0.96) (8.07) M iscellaneo us Industry (0.67) (2.48) (0.93) (12.74) Co nsumer

  1.19

  1.15 1.10 (14.01) Infrastructure 0.86 (0.54) 3.52 (13.05) A griculture 0.02 (0.78) (3.31) (4.31) M ining 0.95 (1.17)

  4.67

  22.72 E c o no m ic Indic a t o rs

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

  Inflatio n YTD (in %)

  1.94

  3.61 Inflatio n Yo Y (in %)

  2.88

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

  114.85 117.93

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

• USD/IDR 15,224.00 (2.41) (10.96) USD/CNY

  6.92 (0.02) (0.99) (6.03) USD/EUR 0.87 (0.16)

  0.59

  4.05 USD/JP Y 112.24 0.03 (0.54)

  0.40 USD/SGD

  1.38 0.08 (0.51) (3.36) USD/A UD 1.41 (0.20)

  0.72

  10.41 USD/GB P 0.76 (0.13) (1.37)

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

  7.56 LIB OR (in GB P )

  1.09 SIB OR ( in USD)

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

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

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

8.76 Source: Bloomberg, Sinarmas Investment Research

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

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

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

  3% 4,3% 3,5%

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

  40

  45

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

  1.18

  1.15

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

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

  D ivide n d

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

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

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

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

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

  I KBI

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

XI SB

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

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

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

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

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

  Pick s of Th e D a y GGRM : TRAD I N G BUY GGRM ber hasil break Resist ance 75.250, GGRM berpeluang m elanj ut k an penguat an dengan m enguj i Resist ance 75.750, 76.550

dan 77.000. Nam un, j ik a GGRM gagal br eak Resist ance 76.550, m ak a GGRM ak an m encoba Suppor t 75.250, 74.500 dan 73.500.

GGRM dilihat dar i indik at or Macd dan Stoc osc m engindik asik an pola Uptr end.

  Ent r y point : 75.250 — 75.350 Ex it point : 76.550 ( 1.7% ) , 77.000 ( 2.3% ) St op Loss : 74.500 ( - 1.0% ) PTPP : TRAD I N G BUY PTPP ber hasil br eak Resist ance Tr endline 1.660, PTPP berpeluang m elanj ut k an penguatan dengan m enguj i Resist ance 1.685, 1.715 dan 1.730. Nam un, j ik a PTPP gagal break Resist ance 1.685, m ak a PTPP ak an m encoba Suppor t 1.660, 1.630 dan 1.595. PTPP dilihat I ndik at or MACD dan St oc osc m engindik asik an pola Rev er sal.

  Ent r y point : 1.660 — 1.670 Ex it point : 1.685 ( 1.5% ) , 1.715 ( 3.3% ) St op Loss : 1.630 ( - 1.8% )

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

^{Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 62,000 64,000 66,000 68,000 70,000 72,000 74,000 76,000 78,000 80,000 82,000 84,000 86,000 72025 73500 72500 74500 71000 69925 75750 75250 69275 68400 77000 77425 78900 GGRM - Daily 10/10/2018 4:14:00 PM Open 74000, Hi 75350, Lo 73950, Clos e 75350 (1.8%) MA(Clos e,50) = 73,919.00 75,350 73,919 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -2,000 2,000 GGRM - MACD(12,26) = 168.25, Signal(12,26,9) = 87.76 168.25 87.7564 20 80 GGRM - Stoch %K(15,3) = 80.38, Stoch %D(15,3,3) = 55.41 80.381 55.4094 GGRM - RSI(15) = 55.11 Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 1815 1930 1715 1630 1420 1515 1595 1675 1480 PTPP - Daily 10/10/2018 4:14:00 PM Open 1555, Hi 1660, Lo 1545, Clos e 1660 (7.4%) MA(Clos e,50) = 1,749.90 1,660 1,749.9 Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -100 100 PTPP - MACD(12,26) = -41.52, Signal(12,26,9) = -63.56}

• ^{-41.5221 -63.5596}
^{20 80 PTPP - Stoch %K(15,3) = 52.50, Stoch %D(15,3,3) = 42.67 52.5006 42.6686}

  _{HMSP - Daily 10/10/2018 4:11:00 PM Open 3860, Hi 3910, Lo 3840, Clos e 3900 (1.3%) MA(Clos e,50) = 3,776.20} Pick s of Th e D a y _{5,000 5,200 5,400 5,600 3970 4040 4180} 4,800 _{4,000 4,200 4,400 4,600 HMSP - MACD(12,26) = 12.68, Signal(12,26,9) = 5.18 Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 3460 3820 3,776.2 3600 3550 3690 3770 3880} 3,900 _{3,200 3,600 3,800 3,400 200 HMSP - Stoch %K(15,3) = 80.56, Stoch %D(15,3,3) = 59.26 Sep Oct Nov Dec Feb Mar Apr May Jun Jul Aug Sep Oct 2018 59.2593 80.5556 5.18 12.6839} 100 _{-200 -100 20 80} HMSP - RSI(15) = 56.96 H M SP : TRAD I N G BUY H M SP ber hasil break Resist ance 3.880 . H M SP ber peluang m elanj ut k an penguat an dengan m enguj i Resist ance 3.950, 3.970 dan 4.040. Nam un, j ik a H M SP gagal br eak Resist ance 3.970, m ak a H MSP ak an m encoba Suppor t 3.910, 3.880 dan 3.820. H M SP dilihat I ndik at or St oc osc m engindik asik an pola Rev er sal.

  Ent r y point : 3.880 — 3.900 Ex it point : 3.950 ( 1.8% ) , 4.040 ( 4.1% ) St op Loss : 3.820 ( - 1.5% ) _{INDF - Daily 2/15/2016 Open 6525, Hi 6600, Lo 6500, Clos e 6500 (0.0%) MA(Clos e,50) = 5,604.00 8,000 8,200 8,400 8,600 6,800 7,000 7,200 7,400 7,600} 7,800 _{6025 5825 5900 5550 5650 5,600 5725 5,700 6,167.5 6,200 5,800 6,000 6,400} 6,600 _{INDF - Stoch %K(15,3) = 76.36, Stoch %D(15,3,3) = 84.18 INDF - MACD(12,26) = 290.79, Signal(12,26,9) = 263.56 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct} 5450 _{-111.47 -135.94 5,400 100 -100 -200 80 INDF - RSI(15) = 62.74 8.28764 14.2136}

  20 ₇₀ I N D F : TRAD I N G BUY

  I N D F ber hasil break Resist ance 5.725. I N D F ber peluang m elanj ut k an penguat an dengan m enguj i Resist ance 5.825, 5.900 dan

6.025. Nam un, j ik a I N D F gagal break Resist ance 5.825, m ak a I N D F ak an m encoba Suppor t 5.725, 5.650 dan 5.550. I N D F dilihat

I ndik ator St oc osc m engindik asik an pola Rev er sal.

  Ent r y point : 5.700 — 5.725 Ex it point : 5.825 ( 2.2% ) , 5.900 ( 3.5% ) St op Loss : 5.600 ( - 1.8% )

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

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