See important disclaimer at the end of this report

Tuesday, August 14, 2018
Volume

7,000

JCI Index

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

ID X St at ist ics

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

0

C lo sing

JCI

5,861.25

Transaction Value Regular M arket (IDR tn)
Transaction Volume Regular M arket (mn shares)

6,108

Foreign Net Buy (Sell) (IDR bn)

(647)

Foreign Net Buy (Sell)

(3.57)

Total M arket Capitalization (IDR tn)

Ot her Indices

I HSG t u ru n se b a n ya k 2 1 5 .9 p o in (3 .5 5 % ) ke le ve l 5 8 6 1 .2 5 .
Se m e n t a ra LQ4 5 t u ru n se b a n ya k 3 9 .9 p o in (4 .1 4 % ) ke le ve l
9 2 3 .2 3 . Fo re ig n n e t se ll se b e sa r Rp 6 4 6 .8 8 m ilia r.

6.171

6,631.39

C lo sing

1- D ay C hg ( %)

YT D
C hg ( %)

923.23

(4.14)

(14.47)

EIDO

22.78

(5.08)

(19.87)

IDX

20.68

(4.52)

(16.75)

25,187.70

(0.50)

1.90

S&P 500

2,821.93

(0.40)

5.55

NASDAQ

7,819.71

(0.25)

13.27

LQ45

DOW JONES

Toda y’s M a r k e t :

FTSE

7,642.45

(0.32)

(0.59)

•

NIKKEI

21,857.43

(1.98)

(3.99)

HANG SENG

I HSG diperkirakan bergerak m elem ah . Bursa AS dit ut up
m elem ah pada perdagangan Senin ( 13/ 08) . Harga crude
oil st abil di level USD 67.54 per barrel. Harga bat ubara
naik ke level USD 117.50 per Mt . Rupiah bergerak m elem ah t erhadap Dollar AS ke level I DR 14.579. 10Yr Governm ent Bonds Yield naik ke level 7.95% .

•

•

•

•

•

Dari dalam negeri, Bank I ndonesia ( BI ) m eraup dana sebesar US$ 260 j ut a dari lelang forex ( FX) swap Senin
( 13/ 8) lalu. Lelang t ersebut dilakukan sebagai salah sat u
langkah unt uk m engurangi t ekanan t erhadap r upiah.
Sehubungan dengan MSCI Equit y I ndexes August 2018
I ndex Review, MSCI Global St andard I ndexes List m engurangi AKRA. Sedangkan, MSCI Global Sm all Cap I ndexes
List m enam bahkan AKRA dan m engurangi PTBA, NI KL.
Sehubungan dengan em it en, I ndo Tam bangaraya Megah
( I TMG) m encat at kan pendapat an bersih selam a sem est er I
- 2018 sebesar USD 808,9 j ut a ( + 8,03% YoY) dengan laba
bersih USD 102,9 j ut a ( - 2,27% YoY) . Hasil t ersebut sej alan dengan ekspekt asi kam i dan konsensus.

27,936.57

(1.52)

(6.63)

STRAITS TIM ES

3,245.34

(1.20)

(4.63)

KLSE

1,783.34

(1.24)

(0.75)

C urrency Spo t R at e

R at e ( ID R )

USD/IDR

14,579.00

EUR/IDR
JPY/IDR

1- D ay C hg ( %)

YT D
C hg ( %)

0.00

7.21

16,651.09

1.06

2.60

131.85

0.63

8.66

SGD/IDR

10,615.98

0.86

4.45

AUD/IDR

10,620.99

0.86

0.35

GBP/IDR

18,630.10

0.93

1.73

C o mmo dit ies

Last
T ransact io n

P rice

YT D
C hg ( %)

Crude Oil (USD/barrel)

67.54

8:01:39 AM

11.80

Coal (USD/mn tons)

117.50

8/13/2018

16.57

2.93

7:55:04 AM

(0.85)

Natural Gas (USD/mmBtu)

1,194.57

8:11:39 AM

(8.30)

Disam ping it u, RALS m em bukukan pendapat an kot or se-

Nickel (USD/mn tons)

13,560.00

8:11:40 AM

6.27

nilai Rp 567 m iliar pada Juli 2018, t um buh 0,71% YoY,
dim ana segm en fashion t um buh 10% dan super m arket
t urun 19% . SSSG 7M18 t ercat at 1,3% .

Tins (USD/mn tons)

19,325.00

8:11:15 AM

(3.50)

2,169.00

8/13/2018

(11.25)

Rubber (JPY/kg)

163.00

8:04:02 AM

(20.64)

Secara t eknikal indeks hari Selasa ( 14/ 08) ,
diprediksi bergerak di kisaran 5630 - 5919.

Wheat (USD/bushel)

539.25

8:00:59 AM

26.29

Corn (USD/bushel)

357.50

7:59:40 AM

1.92

BoW : BEST, D M AS, PTBA, M I KA
w w w .sina r m a sse k ur it a s.co.id

I HSG

Gold (USD/ounce)

CPO (M YR/mn tons)

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
Bank I ndonesia ( BI ) m eraup dana sebesar US$ 260 j ut a dari lelang forex ( FX) swap Senin ( 13/ 8) lalu. Lelang t ersebut dilakukan sebagai salah sat u langkah unt uk m engurangi t ekanan t erhadap rupiah. Source: Kont an
Berdasarkan dat a yang diperoleh dari Kem ent erian ESDM, hingga 9 Agust us 2018, PNBP m inerba t ercat at senilai Rp
27,59 t riliun. Art inya sudah m encapai 86,19% dari t arget yang dit et apkan senilai Rp32,01 t riliun. Source: Bisnis I ndonesia
PT Mit subishi Mot ors Kram a Yudha Sales I ndonesia ( MMKSI ) m eraih surat pem esanan kendaraan ( SPK) sebanyak
4.509 unit selam a pam eran Gaikindo I ndonesia I nt ernat ional Aut o Show ( GI I AS) 2018 yang diadakan pada 2 - 12
Agust us 2018 di I ndonesia Convent ion Exhibit ion ( I CE) BSD Cit y, Tangerang. Perolehan SPK t ersebut m elam paui
t arget yang dit et apkan perusahaan di awal pam eran sebanyak 3.500 unit . Sour ce: I nvest or Daily
Kem ent erian Energi dan Sum ber Daya Mineral ( ESDM) m enawarkan enam blok m igas m elalui lelang reguler hingga
Desem ber nant i. Negara berpot ensi m endapat t am bahan penerim aan sebesar US$ 16,5 j ut a dari lelang blok m igas
ini. Source: I nvest or Daily
Pem erint ah m elalui Pusat Pengelolaan Dana Pem biayaan Perum ahan ( PPDPP) Kem ent erian Pekerj aan Um um dan
Perum ahan Rakyat ( PUPR) m enam bah j um lah bank unt uk penyaluran dana subsidi rum ah berskem a Fasilit as Likuidit as Pem biayaan Perum ahan ( FLPP) . Bank it u t erdiri at as PT Bank Tabungan Negara Tbk ( BTN) , BTN Syariah, BRI
Agro, dan PT Bank KEB Hana I ndonesia. Source: I nvest or Daily
Tiga Pilar Sej aht era Food ( AI SA) dinyat akan lolos dalam perm ohonan penundaan kewaj iban pem bayaran ut ang
( PKPU) . Lolos PKPU m em buat AI SA paling t idak bisa bernafas lega unt uk sem ent ara wakt u sam bil m em persiapkan
rapat um um pem egang obligasi ( RUPO) pada 28 Agust us
Provident Agro ( PALM) m enyiapkan dana hingga sebesar Rp 600 m iliar unt uk m enyerap sebagian saham baru yang
akan dit erbit kan PT Merdeka Copper Gold Tbk ( MDKA) m elalui right s issue. Aksi korporasi it u dilakukan anak usaha
perseroan, yait u PT Suwarna Art a Mandiri, unt uk m ewuj udkan ekspansi di luar bisnis m inyak sawit m ent ah ( crude
palm oil/ CPO) . Source: I nvest or Daily
I ndo Tam bangaraya Megah ( I TMG) m encat at kan pendapat an bersih selam a sem est er I - 2018 sebesar USD 808,9 j ut a
( + 8,03% YoY) dengan laba bersih USD 102,9 j ut a ( - 2,27% YoY) . Gross m argin I TMG t ercat at sebesar 27,9% ( vs
28,4% 1H17) dengan net m argin 12,7% ( vs 14,06% 1H17) . Source: Kont an
Ram ayana Lest ari Sent osa ( RALS) m em bukukan pendapat an kot or senilai Rp 567 m iliar pada Juli 2018, t um buh
0,71% dari periode yang sam a t ahun sebelum nya. SSSG pada Januari - Juli 2018 t ercat at 1,3% at au naik 3,3% . Peningkat an SSSG Ram ayana per Juli 2018 m ayorit as dit opang oleh penj ualan fesyen yang t um buh 10% , sedangkan
segm en superm arket t urun 19,3% . Source: Bisnis I ndonesia
Kalbe Farm a ( KLBF) m engerek rat a- rat a harga j ual at au average selling price ( ASP) unt uk lini produk nut risi dan kesehat an hingga 4% unt uk m enj aga keunt ungan perseroan. Source: Bisnis I ndonesia
SLJ Global ( SULI ) m encet ak kenaikan pendapat an sebesar US$ 44,04 j ut a pada sem est er pert am a 2018 ( + 38,4%
YoY) dengan laba bersih US$ 1,63 j ut a per Juni 2018 ( + 45,8% YoY) . Source: Kont an
Wij aya karya m endapat kan kont rak proyek renovasi I st ana Presiden Republik Niger senilai EUR 23,66 j ut a at au set ara dengan Rp 370 m iliar. Dest iawan Soewardj ono, Direkt ur WI KA m engat akan, pihaknya saat ini j uga m em bidik
proyek- proyek dari negara- negara lain di Afrika sepert i Nigeria, Angola, Maurit ania, dan Et iopia. 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 )

9 -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 3 5

2 ,6 5 0

1 ,5 7 5

75

4 .0 3

3

A K R A IJ

4 ,2 6 0

8 ,0 2 5

3 ,9 6 0

4

A N TM IJ

910

1 ,0 1 5

600

5

A S II IJ

7 ,5 0 0

8 ,7 5 0

6 ,1 0 0

(2 , 0 9 0 )
285
(8 0 0 )

(3 2 . 9 1 )
4 5 .6 0
(9 . 6 4 )

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 .3 9

1 .2 6

1 .1 5

6 1 ,8 9 2 .8 4

2 8 .1 1

1 5 .6 5

3 .3 7

2 .0 0

1 7 ,1 0 2 .6 0

3 8 .2 8

0 .8 1

1 .1 7

2 1 ,8 6 8 .0 0

1 7 .8 2

1 4 .3 8

2 .7 2

2 .2 2

3 0 3 ,6 2 6 .6 5

-

6

B B C A IJ

2 4 ,1 0 0

2 4 ,7 0 0

1 8 ,5 0 0

2 ,2 0 0

1 0 .0 5

2 3 .1 7

2 3 .0 1

4 .1 1

3 .9 4

5 9 4 ,1 8 5 .7 2

7

B B N I IJ

7 ,9 5 0

1 0 ,1 7 5

6 ,7 5 0

(1 , 9 5 0 )

(1 9 . 7 0 )

1 3 .5 6

9 .6 1

1 .8 7

1 .3 7

1 4 8 ,2 5 6 .8 2

8

B B R I IJ

3 ,3 3 0

3 ,9 2 0

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

9

B B TN IJ

2 ,7 6 0

3 ,8 9 0

2 ,1 1 0

(8 1 0 )

(2 2 . 6 9 )

1 2 .4 9

8 .5 4

1 .7 5

1 .1 8

2 9 ,2 2 8 .4 0

10

B J B R IJ

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

11

B M R I IJ

7 ,2 7 5

9 ,0 5 0

6 ,2 5 0

(7 2 5 )

(9 . 0 6 )

1 8 .0 9

1 3 .3 4

2 .2 4

1 .8 8

3 3 9 ,5 0 0 .0 0

12

B M TR IJ

432

755

430

(1 5 8 )

(2 6 . 7 8 )

0 .8 8

-

13

B R P T IJ

1 ,8 8 5

2 ,7 2 0

1 ,6 7 5

(3 7 5 )

(1 6 . 5 9 )

2 8 .8 9

1 6 .3 5

2 .1 6

1 .1 1

3 3 ,5 3 7 .1 4

-

-

6 ,1 3 3 .8 0

14

B S D E IJ

1 ,2 6 0

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

15

B U M I IJ

234

356

166

(3 6 )

(1 3 . 3 3 )

2 .5 7

2 .7 1

-

-

1 5 ,2 9 8 .6 7

16

EX C L IJ

6 .7 6

8 5 .1 6

7 3 .0 0

1 .4 6

1 .5 3

3 3 ,7 7 3 .9 5

17

G G R M IJ

7 6 ,0 0 0

8 6 ,4 0 0

6 1 ,9 2 5

(7 , 8 0 0 )

(9 . 3 1 )

2 0 .8 0

1 7 .3 4

3 .8 2

3 .2 0

1 4 6 ,2 3 0 .6 9

18

H M S P IJ

3 ,7 4 0

5 ,5 5 0

3 ,2 3 0

(9 9 0 )

(2 0 . 9 3 )

4 3 .5 4

3 2 .6 4

1 6 .1 3

1 2 .3 6

4 3 5 ,0 2 9 .6 1

2 7 .3 1

3 ,1 6 0

1 ,7 1 0

200

19

IC B P IJ

8 ,9 7 5

9 ,2 7 5

7 ,9 0 0

75

0 .8 4

20

IN C O IJ

4 ,3 8 0

4 ,7 2 0

2 ,5 0 0

1 ,4 9 0

5 1 .5 6

21

IN D F IJ

6 ,4 2 5

8 ,7 5 0

6 ,0 7 5

(1 , 2 0 0 )

(1 5 . 7 4 )

22

IN D Y IJ

3 ,2 5 0

4 ,6 3 0

865

3 .5 0

5 .9 3

1 .2 7

1 .1 9

1 6 ,9 3 3 .1 2

23

IN TP IJ

1 4 ,8 7 5

2 3 ,9 5 0

1 2 ,5 0 0

(7 , 0 7 5 )

(3 2 . 2 3 )

4 3 .4 5

3 3 .4 7

3 .2 9

2 .2 2

5 4 ,7 5 8 .3 2

24

J S M R IJ

4 ,8 7 0

6 ,7 7 5

3 ,9 2 0

(1 , 5 3 0 )

(2 3 . 9 1 )

2 1 .1 1

1 7 .7 9

3 .0 8

2 .1 3

3 5 ,3 4 5 .8 3

25

K L B F IJ

1 ,2 7 5

1 ,7 9 5

1 ,1 5 5

(4 1 5 )

(2 4 . 5 6 )

3 2 .9 6

2 3 .8 0

5 .9 6

4 .0 7

5 9 ,7 6 5 .7 8

26

L P K R IJ

368

805

322

(1 2 0 )

(2 4 . 5 9 )

1 8 .0 9

1 0 .3 5

0 .4 9

0 .3 9

8 ,4 9 6 .0 8

27

L P P F IJ

6 ,5 0 0

1 1 ,9 7 5

6 ,0 2 5

(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

28

M N C N IJ

1 ,0 3 5

1 ,6 9 0

850

(2 5 0 )

(1 9 . 4 6 )

1 1 .7 8

8 .8 8

1 .8 6

1 .3 9

1 4 ,7 7 5 .7 7

29

M YR X IJ

128

198

101

18

1 6 .3 6

-

-

-

1 1 ,0 9 8 .0 1

190

6 .2 1

1 6 .1 8

-

2 4 .9 7

5 .3 1

4 .8 2

1 0 4 ,6 6 5 .6 2

2 1 .7 1

1 .1 6

1 .5 8

4 3 ,5 2 1 .1 6

1 2 .6 9

2 .1 5

1 .6 6

5 6 ,4 1 4 .2 4

30

P G A S IJ

1 ,9 6 0

2 ,8 6 0

1 ,3 6 5

210

1 2 .0 0

2 0 .7 7

1 5 .1 1

0 .9 9

1 .0 5

4 7 ,5 1 3 .3 6

31

P TB A IJ

4 ,8 0 0

4 ,8 7 0

1 ,8 1 0

2 ,3 4 0

9 5 .1 2

5 .7 9

1 0 .9 0

1 .9 1

3 .2 4

5 5 ,2 9 9 .1 6

32

P TP P IJ

1 ,9 9 0

3 ,2 8 0

1 ,8 4 0

(6 5 0 )

(2 4 . 6 2 )

1 1 .2 6

7 .1 1

1 .4 3

0 .9 6

1 2 ,3 3 7 .8 0

33

P W O N IJ

555

725

494

(1 3 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

34

S C M A IJ

2 ,0 2 0

2 ,9 8 0

1 ,9 3 5

(4 6 0 )

(1 8 . 5 5 )

2 7 .2 4

1 7 .8 0

9 .3 0

5 .7 2

2 9 ,5 3 5 .6 3

35

S M G R IJ

8 ,3 2 5

1 1 ,7 7 5

6 ,5 0 0

(1 , 5 7 5 )

(1 5 . 9 1 )

2 9 .1 4

2 3 .2 3

4 9 ,3 7 9 .9 0

36

S R IL IJ

346

414

302

(3 4 )

(8 . 9 5 )

7 .2 6

37

S S M S IJ

1 ,3 2 0

1 ,5 7 5

1 ,0 0 5

(1 8 0 )

(1 2 . 0 0 )

1 8 .4 4

38

TL K M IJ

3 ,4 9 0

4 ,7 7 6

3 ,2 5 0

(9 0 9 )

(2 0 . 6 6 )

39

TP IA IJ

5 ,2 0 0

6 ,6 7 5

4 ,1 4 0

(8 0 0 )

(1 3 . 3 3 )

40

TR A M IJ

226

432

96

28

1 4 .1 4

-

-

41

U N TR IJ

3 6 ,6 0 0

4 0 ,5 0 0

2 8 ,7 5 0

1 ,2 0 0

3 .3 9

1 7 .8 4

1 3 .4 6

2 .9 1

2 .6 2

1 3 6 ,5 2 2 .9 5

42

U N V R IJ

4 3 ,0 0 0

5 8 ,1 0 0

4 2 ,6 5 0

(1 2 , 9 0 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 4 0

2 ,1 9 0

1 ,2 1 0

90

5 .8 1

1 1 .5 5

9 .9 6

1 .1 0

1 .0 5

1 4 ,7 1 0 .7 2

44

W S B P IJ

410

510

336

2

0 .4 9

1 0 .5 6

8 .2 7

1 .4 7

1 .1 9

1 0 ,8 0 8 .0 7

45

W S K T IJ

2 ,0 3 0

3 ,1 5 0

1 ,7 7 0

7 .3 8

6 .0 9

2 .1 4

1 .5 8

2 7 ,5 5 5 .0 2

(1 8 0 )

(8 . 1 4 )

2 .0 3

1 .6 2

1 .1 8

-

1 3 .6 1

3 .5 4

2 .7 2

1 2 ,5 7 3 .0 0

1 9 .6 8

1 6 .0 1

4 .7 0

3 .4 2

3 5 1 ,7 9 1 .9 9

2 3 .8 1

2 2 .5 5

4 .7 4

3 .6 0

9 2 ,7 3 4 .3 1

-

-

-

7 ,0 7 6 .4 5

1 1 ,2 1 6 .9 4

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 ( %)

P ro perty

(2.81)

(2.87)

(1.32)

(10.43)

B asic Industry

(4.03)

(2.14)

1.09

14.62

Trade

(1.99)

(1.51)

(4.18)

(8.31)

Finance

(4.16)

(4.17)

2.20

(7.32)

M iscellaneo us Industry

(3.90)

(4.31)

2.84

(11.34)

Co nsumer

(2.93)

(4.57)

(4.15)

(17.08)

Infrastructure

(3.61)

(5.19)

(7.07)

(14.86)

A griculture

(2.80)

(2.95)

3.54

(7.60)

M ining

(4.98)

(6.01)

(1.80)

24.79

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 ( %)

14,608.00

-

(1.57)

(7.21)

USD/CNY

6.89

(0.65)

(2.90)

(5.58)

USD/EUR

0.88

0.05

2.68

5.26

USD/JP Y

110.81

(0.10)

1.34

1.70

USD/SGD

1.38

0.00

(0.99)

(2.89)

USD/A UD

1.37

(0.05)

2.02

7.32

USD/GB P

0.78

0.04

3.72

5.86

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 )

1.04

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.79

Indo nesia 10-Year Go vernment B o nds Yield

7.95

Indo nesia 15-Year Go vernment B o nds Yield

8.28

Source: Bloomberg, Sinarmas Investment Research

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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 )

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

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See important disclaimer at the end of this report

Pick s of Th e D a y
BEST - Daily 8/13/2018 4:07:00 PM Open 240, Hi 242, Lo 238, Clos e 240 (-0.8%) MA(Clos e,50) = 248.48
340

330

320

310
300

290

280
276
270

270
266

260
256
250
248
244
240

250
248.48
240

240

234
230
228
224
220
Aug
Sep
Oct
BEST - MACD(12,26) = -2.75, Signal(12,26,9) = -3.20

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
10
5
0
-2.74791
-3.20281-5

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

-10

Aug

BEST - Stoch %K(15,3) = 35.19, Stoch %D(15,3,3) = 20.68
80

35.1852
20.679 20
BEST - RSI(15) = 47.22

BEST : BUY ON W EAKN ESS
BEST belum berhasil m enem bus Resist ance 246, BEST berpeluang m enguj i Support 234, 228 dan 224 dalam j angka pendek.
Nam un, j ika BESTberhasil break Resist ance 246 m aka BEST akan m encoba Resist ance 250, 256 dan 266. BEST dilihat I ndikat or
MACD dan St oc Osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 234 — 240
: 250 ( 6.8% ) , 256 ( 9.4% )
: 228 ( - 2.6% )

DMAS - Daily 8/13/2018 4:13:00 PM Open 140, Hi 149, Lo 133, Clos e 147 (-1.3%) MA(Clos e,50) = 134.96

230

220

210

200

190

180
172

170

166
162

160

153

150
147

146.067
139

140
134.96

134
132
129

130

120
Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

DMAS - MACD(12,26) = 1.18, Signal(12,26,9) = -1.57
5
1.17939
0
-1.5702
-5
Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

DMAS - Stoch %K(15,3) = 65.00, Stoch %D(15,3,3) = 50.12
80
65.0049
50.1168
20
DMAS - RSI(15) = 68.38

D M AS : BUY ON W EAKN ESS
D M AS belum berhasil break Resist ance 153, D M AS berpeluang unt uk m enguj i Support 139, 134 dan 129, Nam un, j ika D M AS
berhasil break Resist ance 153 m aka D M AS akan m encoba Resist ance 160, 162 dan 166. D M AS dilihat I ndikat or MACD dan St oc
osc m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss

: 139 — 141
: 153 ( 10.1% ) , 160 ( 15.1% )
: 129 ( - 7.2% )

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Pick s of Th e D a y
5200

PTBA - Daily 8/13/2018 4:14:00 PM Open 4870, Hi 4870, Lo 4640, Clos e 4850 (-0.8%) MA(Clos e,50) = 4,199.40

4960
4840
4780

5,000
4,850
4,800
4,600

4630
4540
4460
4410
4310
4220

4,400
4,199.4
4,200
4,000
3,800
3,600
3,400
3,200
3,000
2,800
2,600
2,400
2,200
2,000

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

PTBA - MACD(12,26) = 194.89, Signal(12,26,9) = 167.57

194.889
200
167.567
100
0
-100

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

90.3516
89.9288
80

PTBA - Stoch %K(15,3) = 89.93, Stoch %D(15,3,3) = 90.35

20

PTBA : BUY ON W EAKN ESS
PTBA belum berhasil break Resist ance 4.940, PTBA berpeluang m enguj i Support 4.840, 4.780 dan 4.730. Nam un, j ika PTBA
berhasil break Resist ance 4.940 ,m aka PTBA akan m encoba Resist ance 4.960, 5.000 dan 5.100. PTBA dilihat I ndikator MACD
m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 4.780 — 4.850
: 4.940 ( 3.3% ) , 5.000 ( 4.6% )
: 4.730 ( - 1.0% )

MIKA - Daily 8/13/2018 4:00:00 PM Open 1980, Hi 1980, Lo 1910, Clos e 1960 (-1.0%) MA(Clos e,50) = 1,921.70
2,500
2,450
2,400
2,350
2,300
2,250
2,200
2,150
2100
2080
2050
2030
1995
1970
1930
1910

2,100
2,050
2,000
1,960
1,950
1,921.7
1,900
1,850

1830

1,800
1,750
1,700

Aug
Sep
Oct
Nov
MIKA - MACD(12,26) = 3.44, Signal(12,26,9) = 9.57

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
100
50
9.5664
3.44332
0
-50

Aug
Sep
Oct
Nov
MIKA - Stoch %K(15,3) = 64.14, Stoch %D(15,3,3) = 56.08

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
80
64.1414
56.0847
20

M I KA : BUY ON W EAKN ESS
M I KA belum berhasil break Resist ance 1.995, M I KA berpeluang m enguj i Support 1.930, 1.910 dan 1.885 dalam j angka pendek.
Nam un, j ika M I KA berhasil break Resist ance 1.995 m aka MI KA akan m encoba Resist ance 2.030, 2.050 dan 2.080. MI KA dilihat
I ndikator St oc osc m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss

: 1.930 — 1.960
: 1.995 ( 3.4% ) , 2.030 ( 5.2% )
: 1.910 ( - 1.0% )

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