See important disclaimer at the end of this report

Wednesday, July 11, 2018
ID X Statistics

Volume

7,000

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 sing

JCI

5,881.76

Transaction Value Regular M arket (IDR tn)

6.152

Transaction Volume Regular M arket (mn shares)

5,421

Foreign Net Buy (Sell) (IDR bn)
Foreign Net Buy (Sell)

(3.69)


Total M arket Capitalization (IDR tn)

Other Indices

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

134

6,639.06

C lo sing

YT D
C hg (%)

1.33


(13.93)

23.53

0.21

(17.24)

21.24

0.28

(14.49)

24,919.66

0.58

0.81


LQ45

929.05

EIDO
IDX
DOW JONES

1-D ay C hg (%)

S&P 500

2,793.84

0.35

4.50

NASDAQ


7,759.20

0.04

12.40

Toda y’s M a r k e t :

FTSE

7,692.04

0.05

0.06



NIKKEI


22,196.89

0.66

(2.50)

HANG SENG

28,682.25

(0.02)

(4.13)

3,274.83

1.42

(3.76)


1,687.13

0.87

(6.10)

I HSG diperkirakan bergerak m ixed. Bursa AS dit ut up m enguat pada perdagangan Selasa ( 11/ 07) . Harga cr ude oil
t urun ke level USD 73.32 per barrel. Harga bat ubara naik
ke level USD 117.10 per Mt . Rupiah bergerak st abil t erhadap Dollar AS ke level I DR 14.318. 10Yr Governm ent
Bonds Yield t urun ke level 7.37% .









Dari dalam negeri, Direkt orat Jenderal Paj ak ( DJP) m enyat akan sepanj ang sem est er I - 2018 angka penerim aan

paj ak t ercat at sudah m encapai 40,84% dari t arget APBN
2018. Penerim aan paj ak sepanj ang sem est er I t ahun ini
t erut am a dit opang oleh sekt or pert am bangan yang t um buh kuat sebesar 79,71% .
Pem erint ah m enawarkan enam proyek t ol sepanj ang 327
kilom et er senilai Rp124 t riliun kepada swast a yang sat u
diant aranya ruas Sem arang- Dem ak m erupakan pr ogram
pem erint ah dan sisanya prakarsa dari badan usaha. Pengum um an lelang direncanakan secara bert ahap dan akan
dim ulai pada 16 Juli 2018.

STRAITS TIM ES
KLSE

C urrency Spo t R ate

Top BUY: UN VR, KLBF, AD RO
w w w .sina r m a sse k ur it a s.co.id

BoW : I TM G

YT D

C hg (%)

14,318.00

0.00

5.65

EUR/IDR

16,828.23

(0.13)

3.61

JPY/IDR

129.66


0.49

7.13

SGD/IDR

10,556.77

(0.24)

3.94

AUD/IDR

10,636.74

(0.72)

0.48


GBP/IDR

19,015.52

(0.04)

3.78

C o mmo dities

Last
T ransactio n

P rice

YT D
C hg (%)

Crude Oil (USD/barrel)

73.32

8:00:31AM

Coal (USD/mn tons)

117.45

7/10/2018

16.52

2.78

8:00:04 AM

(5.72)

Gold (USD/ounce)

21.33

1,251.41

8:10:33 AM

(3.95)

Nickel (USD/mn tons)

13,680.00

8:10:29 AM

7.17

Tins (USD/mn tons)

19,395.00

8:10:19 AM

(3.15)

2,210.00

7/10/2018

(9.57)

CPO (M YR/mn tons)
Rubber (JPY/kg)

Secara t eknikal indeks har i Rabu ( 11/ 07) , I HSG diprediksi
bergerak di kisaran 5850 - 5920.

1-D ay C hg (%)

USD/IDR

Natural Gas (USD/mmBtu)

Sehubungan dengan em it en, Ant am ( ANTM) m endapat
kenaikan out look dari S&P Global Rat ings m enj adi posit if
dari st abil. Lem baga pem eringkat int ernasional it u j uga
m engafirm asi peringkat kredit j angka panj ang perusahaan
di level B- .

R ate (ID R )

163.10

8:02:21AM

(20.59)

Wheat (USD/bushel)

489.50

7/10/2018

14.64

Corn (USD/bushel)

339.75

7/10/2018

(3.14)

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
Realisasi penerim aan paj ak dan Penerim aan Negara Bukan Paj ak ( PNBP) yang t inggi m em buat defisit fiskal sam pai
sem est er I - 2018 lebih rendah dari t arget . Direkt orat Jenderal ( Dit j en) Paj ak Kem ent erian Keuangan ( Kem keu) m encat at , sem est er I - 2018, realisasi penerim aan paj ak Rp 581,54 t riliun at au at au t um buh 13,96% yoy dan opt im is realisasi penerim aan paj ak hingga akhir t ahun 2018 dapat t um buh double digit . Source: Kont an
Direkt orat Jenderal Paj ak ( DJP) m enyat akan sepanj ang sem est er I - 2018 angka penerim aan paj ak t ercat at sudah
m encapai 40,84% dari t arget APBN 2018. Penerim aan paj ak sepanj ang sem est er I t ahun ini dit opang oleh sekt or
pert am bangan yang t um buh kuat sebesar 79,71% , dan kedua pert anian 34,25% , perdagangan 27,91% , sert a indust ri pengolahan 12,64% . Source: I nfobanknews
Ment eri Keuangan ( Menkeu) Sri Mulyani I ndraw at i opt im ist is t arget penerim aan negara yang dalam APBN 2018
dit et apkan sebesar Rp 1.893,5 bakal t ercapai, bahkan Rp 8 t riliun lebih t inggi. Penerim aan negara t ersebut m eliput i
penerim aan perpaj akan dan penerim aan negara bukan paj ak ( PNBP) . Source: I nvest or Daily
Pem erint ah berhasil m enyerap dana sebesar Rp8 t riliun dalam lelang Surat Berharga Syariah Negara ( SBSN) pada
Selasa ini m elam paui t arget indikat if Rp4 t riliun. Source: I qplus
Theresa May dalam proposal t erkait dengan proses Brexit m enyat akan t et ap akan m enj aga hubungan perdagangan
dengan UE sedangkan David Davis m em ilih unt uk m engundurkan diri dari j abat an Ment eri I nggris unt uk ur usan
Brexit . Source: Bisnis I ndonesia
Bank I ndonesia ( BI ) m encat at Kredit Kendaraan Berm ot or ( KKB) t um buh 11% per Mei 2018 t urun 16,3% dibandingkan bulan sebelum nya. Source: Kont an
Kem ent erian Pekerj aan Um um dan Perum ahan Rakyat ( PUPR) m engungkapkan, pem eliharaan j alan nasional dan
j em bat an dengan anggaran bersum ber dari Surat Berharga Syariah Negara ( SBSN) at au Sukuk Negara pada 2018
m encapai Rp 8,35 t riliun. Source: I nvest or Daily
Pem erint ah m enawarkan enam proyek t ol sepanj ang 327 kilom et er senilai Rp124 t riliun kepada swast a yang sat u
diant aranya ruas Sem arang- Dem ak m erupakan program pem erint ah dan sisanya prakarsa dari badan usaha. Pengum um an lelang direncanakan secara bert ahap dan akan dim ulai pada 16 Juli 2018. Source: I QPlus
Ant am ( ANTM) m endapat kenaikan out look dari S&P Global Rat ings m enj adi posit if dari st abil. Lem baga pem eringkat
int ernasional it u j uga m engafirm asi peringkat kredit j angka panj ang perusahaan di level B- . Source: Bisnis I ndonesia
Darm a Henwa ( DEWA) berencana m em perluas layanan j asa pert am bangan unt uk t am bang m ineral. Perseroan m enj aj aki t iga proyek t am bang m ineral, yang salah sat unya diharapkan m ulai dikerj akan sebelum akhir 2018. Source:
I nvest or Daily
Wij aya Karya ( WI KA) m em bidik Proyek Bendungan Rp2 Triliun. Berdasarkan dat a Layanan Pengadaan Secara Elekt ronik ( LPSE) Kem ent erian Pekerj aan Um um & Perum ahan Rakyat , ada t iga proyek bendungan dengan kisaran nilai
proyek Rp1 t riliun yang dilelang t ahun ini. Ket iga proyek it u ialah Bendungan Sedawarna di Subang, Jlant ah di
Karanganyar , dan Sila di Sum bawa. Source: Bisnis I ndonesia
Rist ia Bint ang Mahkot asej at i ( RBMS) akan m elakukan Penam bahan Modal Dengan Mem berikan Hak Mem esan Efek
Terlebih Dahulu ( right s issue) at au PUT I I dengan m enerbit kan 1.496.460.240 saham baru dengan nom inal Rp200
dan harga penawaran Rp200 per saham dengan t ot al dana sebesar Rp 299,2 m ilyar. Source: I QPlus
I ndom obil Mult ij asa ( I MJS) m elalui anak usahanya PT I ndom bil Finance I ndonesia t elah m elakukan pem belian aset
berupa sebidang t anah Sert ifikat Hak Guna Bangunan yang t erlet ak di Kelurahan Trim ulyo, Sem arang Jawa Tengah
dengan luas t anah yang dibeli 6.689 m 2. Tot al nilai t ransaksi sebesar Rp 18,52 m iliar. Source: I QPlus
Surya Esa Perkasa ( ESSA) m enunt askan pem bangunan pabrik am onia berkapasit as 700 ribu m et rik t on ( MT) per
t ahun pada pert engahan 2018. Pabrik bernilai invest asi m encapai US$ 830 j ut a berlokasi di Banggai, Sulawesi Tengah. 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
Agung Podom oro Land Tbk ( APLN) pada 9 Juli 2018 t elah m enandat angani dokum en t ransaksi sehubungan dengan
rencana unt uk m elakukan penj ualan seluruh saham perseroan dalam PT Griya Pancaloka ( GPL) yang m erupakan
anak usaha perseroan yang t erlet ak di Badung, Bali. Source: I QPlus
Waskit a Toll Road ( WTR) , yang m erupakan anak perusahaan dari Waskit a Karya ( WSKT) m enarget kan divest asi dua
ruas t ol yait u t ol Bekasi- Cawang- Kam pung Melayu dan ruas t ol Kayu Agung- Palem bang- Bet ung dengan m ekanism e
penawaran one- on- one dapat m enem ukan t it ik t erang pada Okt ober t ahun ini. Waskit a Toll Road m engincar dana
ham pir Rp 3 t riliun dari divest asi t ersebut . 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

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

1

IN D U Index

26,616.71

21,279.30

200.44

2

SP X Index

2,872.87

2,412.79

3

C C M P Index

7,806.60

6,149.87

4

SP T SX Index

16,553.79

5

M EXB O L Index

%

P E R ( x)
2 0 17

0.81

20.64

120.23

4.50

855.81

12.40

14,785.78

339.59

51,772.37

44,429.36

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

16.12

3.88

3.77

7,006.20

7,006.20

22.44

17.49

3.30

3.29

24,597.84

24,597.84

38.89

23.37

3.80

3.76

12,142.54

12,142.54

2.10

19.79

15.94

1.91

1.94

2,532.48

1,929.07

(363.50)

(0.74)

19.67

17.41

2.65

2.78

5,962.82

314.36

(30.65)

(0.87)

18.32

14.04

1.67

1.66

2,925.43

3,432.41

0.06

23.11

13.84

1.97

1.96

2,131.33

2,824.22

E uro pe
6

SX5E Index

3,708.82

3,261.86

7

UKX Index

7,903.50

6,866.94

8

C A C Index

5,657.44

4,995.07

121.80

2.29

18.26

14.72

1.67

1.69

1,582.30

1,856.51

9

D A X Index

13,596.89

11,726.62

(307.79)

(2.38)

19.09

13.18

1.86

1.81

1,158.49

1,359.25

10

IB EX Index

10,758.20

9,327.60

(154.60)

(1.54)

15.08

12.89

1.47

1.48

616.39

723.22

4.27

11

F T SEM IB Index

24,544.26

21,078.17

203.96

0.93

28.75

11.86

1.18

1.17

515.86

605.26

12

A EX Index

572.90

505.92

16.00

2.94

18.89

15.23

1.91

1.89

672.25

788.75

13

SM I Index

9,616.38

8,372.90

(612.96)

(6.53)

24.59

15.45

2.59

2.61

1,064.55

1,072.38

A s ia / P a c if ic
14

A S51 Index

6,306.10

5,639.40

192.97

3.18

17.90

15.99

2.09

2.09

1,855.65

1,384.31

15

A S30 Index

6,386.70

5,702.20

175.47

2.85

18.90

15.97

2.00

2.01

2,023.44

1,509.49

16

SH SZ 300 Index

4,403.34

3,295.73

(563.35)

(13.98)

16.59

11.69

2.05

1.91

27,093.50

4,061.45

17

SH A SH R Index

3,757.20

2,818.06

(502.18)

(14.50)

16.87

11.27

1.80

1.72

29,839.37

4,473.06

18

SZ A SH R Index

2,140.56

1,573.34

(328.40)

(16.53)

29.07

17.66

3.12

2.91

20,057.51

3,006.72

19

H SI Index

33,484.08

25,596.21

(1,236.90)

(4.13)

13.70

11.42

1.39

1.33

18,706.56

2,383.49

20

H SC EI Index

13,962.53

10,244.37

(884.33)

(7.55)

9.14

7.54

1.05

0.98

11,877.68

1,513.39

21

SEN SEX Index

36,443.98

31,081.83

2,182.79

6.41

24.53

18.92

3.12

3.10

64,437.81

938.59

22

N IF T Y Index

11,171.55

9,685.55

416.55

3.96

23.76

18.57

3.12

3.13

79,234.52

1,154.11

23

J C I Index

6,693.47

5,557.56

(473.89)

(7.46)

24.22

14.99

2.52

2.44

6,639,060.48

463.75

24

LQ 45 Index

1,132.92

871.91

(150.34)

(13.93)

21.16

15.69

3.39

3.33

4,148,023.30

289.75

25

KSE100 Index

47,241.17

37,736.73

(1,018.67)

(2.52)

8.99

8.18

1.46

1.23

6,998.67

57.53

26

N KY Index

24,129.34

19,239.52

(568.05)

(2.50)

19.45

16.09

1.89

1.81

380,825.76

3,422.54

27

N EY Index

376.09

311.55

(18.28)

(5.11)

16.02

13.29

1.38

1.32

431,972.83

3,882.20

28

T P X Index

1,911.31

1,578.66

(101.43)

(5.58)

16.36

13.42

1.41

1.34

645,368.19

5,800.02

29

F B M KLC I Index

1,896.03

1,657.78

(109.68)

(6.10)

16.68

16.10

1.67

1.70

1,058.10

262.72

30

N Z SE Index

1,606.69

1,387.05

85.66

5.67

19.27

20.69

2.03

3.50

130.76

89.35

31

P C O M P Index

9,078.37

6,923.67

(1,325.13)

(15.48)

22.98

16.58

2.51

2.41

9,032.53

168.86

32

F SST I Index

3,641.65

3,176.26

(128.09)

(3.76)

11.12

13.01

1.22

1.18

553.52

408.17

33

KO SP I Index

2,607.10

2,243.90

(173.33)

(7.02)

12.75

9.01

1.05

0.98

1,482,239.36

1,329.96

34

T WSE Index

11,270.18

10,189.04

114.03

1.07

15.56

13.77

1.75

1.67

32,056.85

1,055.02

35

SET Index

1,852.51

1,556.22

(110.11)

(6.28)

18.92

15.12

2.08

2.00

16,552.48

499.37

36

SET 50 Index

1,223.67

988.87

(49.78)

(4.39)

17.52

15.08

2.26

2.22

11,401.63

343.97

37

VN IN D EX Index

1,211.34

753.82

(73.12)

(7.43)

18.77

16.15

2.81

2.68

2,893,344.51

125.63

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 )

6 -J u l -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 7 5

2 ,5 1 0

1 ,5 6 5

(3 1 0 )

(1 6 . 4 5 )

1 3 .0 2

6 .6 4

1 .1 5

0 .8 7

5 ,6 0 8 .3 4

2

A D R O IJ

1 ,7 8 5

2 ,6 5 0

1 ,5 7 5

(7 5 )

(4 . 0 3 )

9 .0 6

8 .3 0

1 .2 6

1 .0 8

5 7 ,0 9 4 .9 4

3

A K R A IJ

4 ,2 0 0

8 ,0 2 5

3 ,9 6 0

(2 , 1 5 0 )

(3 3 . 8 6 )

2 8 .1 1

1 5 .2 5

3 .3 7

1 .9 9

1 6 ,8 6 1 .7 2

4

A N TM IJ

780

1 ,0 1 5

600

4 2 .6 2

0 .8 1

1 .0 3

1 8 ,7 4 4 .0 0

5

A S II IJ

6 ,3 0 0

8 ,8 2 5

6 ,1 0 0

155
(2 , 0 0 0 )

2 4 .8 0

-

(2 4 . 1 0 )

1 7 .8 2

1 2 .2 0

2 .7 2

1 .8 5

2 5 5 ,0 4 6 .3 8

6

B B C A IJ

2 0 ,9 2 5

2 4 ,7 0 0

1 8 ,1 0 0

(9 7 5 )

(4 . 4 5 )

2 3 .1 7

1 9 .8 7

4 .1 1

3 .4 4

5 1 5 ,9 0 6 .0 7

7

B B N I IJ

6 ,9 5 0

1 0 ,1 7 5

6 ,6 2 5

(2 , 9 5 0 )

(2 9 . 8 0 )

1 3 .5 6

8 .2 8

1 .8 7

1 .2 0

1 2 9 ,6 0 8 .1 6

8

B B R I IJ

2 ,8 4 0

3 ,9 2 0

2 ,7 2 0

(8 0 0 )

(2 1 . 9 8 )

1 5 .3 4

1 0 .6 7

2 .6 7

1 .8 7

3 5 0 ,3 0 2 .1 0

9

B B TN IJ

2 ,1 5 0

3 ,8 9 0

2 ,1 1 0

(1 , 4 2 0 )

(3 9 . 7 8 )

1 2 .4 9

6 .4 1

1 .7 5

0 .9 1

2 2 ,7 6 8 .5 0

10

B J B R IJ

2 ,0 6 0

2 ,9 9 0

1 ,9 2 0

(3 4 0 )

(1 4 . 1 7 )

1 9 .2 0

1 3 .5 2

2 .3 1

1 .9 2

1 9 ,9 7 4 .3 6

11

B M R I IJ

6 ,3 0 0

9 ,0 5 0

6 ,2 7 5

(1 , 7 0 0 )

(2 1 . 2 5 )

1 8 .0 9

1 1 .8 8

2 .2 4

1 .6 2

2 9 4 ,0 0 0 .0 0

12

B M TR IJ

500

755

478

(9 0 )

(1 5 . 2 5 )

0 .8 8

-

13

B R P T IJ

1 ,7 2 5

2 ,7 2 0

1 ,4 5 0

(5 3 5 )

(2 3 . 6 7 )

2 8 .8 9

1 3 .3 7

2 .1 6

0 .8 7

3 0 ,6 9 1 .0 6

14

B S D E IJ

1 ,4 3 0

1 ,9 6 5

1 ,4 1 5

(2 7 0 )

(1 5 . 8 8 )

6 .6 1

9 .3 0

1 .2 9

0 .9 9

2 7 ,5 2 2 .7 8

15

B U M I IJ

212

362

1 3 ,8 6 0 .3 3

16

EX C L IJ

17

G G R M IJ

2 ,4 5 0
6 8 ,4 5 0

8 6 ,4 0 0

-

-

7 ,0 9 9 .3 1

166

(5 8 )

(2 1 . 4 8 )

2 .5 7

2 .4 6

-

-

1 ,7 1 0

(5 1 0 )

(1 7 . 2 3 )

8 5 .1 6

4 0 .4 1

1 .4 6

1 .1 7

2 6 ,1 8 5 .5 0

6 1 ,9 2 5

(1 5 , 3 5 0 )

(1 8 . 3 2 )

2 0 .8 0

1 5 .6 4

3 .8 2

2 .8 8

1 3 1 ,7 0 3 .8 2

18

H M S P IJ

3 ,6 7 0

5 ,5 5 0

3 ,2 3 0

(1 , 0 6 0 )

(2 2 . 4 1 )

4 3 .5 4

3 1 .7 3

1 6 .1 3

1 2 .0 5

4 2 6 ,8 8 7 .3 4

19

IC B P IJ

8 ,7 0 0

9 ,2 7 5

7 ,9 0 0

(2 0 0 )

(2 . 2 5 )

2 7 .3 1

2 4 .2 6

5 .3 1

4 .6 7

1 0 1 ,4 5 8 .6 0

20

IN C O IJ

4 ,0 6 0

4 ,3 0 0

1 ,8 3 5

1 ,1 7 0

4 0 .4 8

21

IN D F IJ

6 ,2 0 0

8 ,8 0 0

6 ,0 7 5

(1 , 4 2 5 )

(1 8 . 6 9 )

22

IN D Y IJ

3 ,5 2 0

4 ,6 3 0

750

23

IN TP IJ

1 3 ,8 0 0

2 3 ,9 5 0

1 2 ,5 0 0

(8 , 1 5 0 )

24

J S M R IJ

4 ,6 4 0

6 ,7 7 5

3 ,9 2 0

(1 , 7 6 0 )

25

K L B F IJ

1 ,2 5 0

1 ,7 9 5

1 ,1 5 5

(4 4 0 )

26

L P K R IJ

366

805

322

27

L P P F IJ

8 ,6 7 5

1 3 ,1 5 0

8 ,1 0 0

28

M N C N IJ

910

1 ,8 2 5

850

(3 7 5 )

29

M YR X IJ

130

198

101

30

P G A S IJ

1 ,5 6 5

2 ,8 6 0

1 ,3 6 5

31

P TB A IJ

3 ,9 5 0

4 ,2 8 0

1 ,8 1 0

32

P TP P IJ

2 ,0 4 0

3 ,3 5 0

1 ,8 4 0

(6 0 0 )

(2 2 . 7 3 )

1 1 .2 6

7 .2 3

1 .4 3

1 .0 1

1 2 ,6 4 7 .7 9

33

P W O N IJ

560

725

494

(1 2 5 )

(1 8 . 2 5 )

1 7 .6 2

1 2 .1 3

3 .2 0

2 .1 7

2 6 ,9 6 9 .3 8

34

S C M A IJ

2 ,0 0 0

2 ,9 8 0

1 ,9 3 5

(4 8 0 )

(1 9 . 3 5 )

2 7 .2 4

1 7 .2 3

9 .3 0

5 .7 0

2 9 ,2 4 3 .2 0

35

S M G R IJ

6 ,9 5 0

1 1 ,7 7 5

6 ,5 0 0

(2 , 9 5 0 )

(2 9 . 8 0 )

2 9 .1 4

1 9 .1 1

4 1 ,2 2 4 .0 6

36

S R IL IJ

312

414

302

(6 8 )

(1 7 . 8 9 )

7 .2 6

37

S S M S IJ

1 ,2 9 0

1 ,6 2 5

1 ,0 0 5

(2 1 0 )

(1 4 . 0 0 )

1 8 .4 4

38

TL K M IJ

3 ,8 6 0

4 ,7 9 6

3 ,2 5 0

(5 3 9 )

(1 2 . 2 5 )

39

TP IA IJ

5 ,2 5 0

6 ,6 7 5

4 ,1 4 0

(7 5 0 )

(1 2 . 5 0 )

40

TR A M IJ

352

432

78

154

7 7 .7 8

41

U N TR IJ

3 3 ,5 7 5

4 0 ,5 0 0

2 7 ,4 5 0

(1 , 8 2 5 )

(5 . 1 6 )

1 7 .8 4

1 3 .1 3

2 .9 1

2 .4 2

1 2 5 ,2 3 9 .2 9

42

U N V R IJ

4 5 ,7 5 0

5 8 ,1 0 0

4 3 ,8 7 5

(1 0 , 1 5 0 )

(1 8 . 1 6 )

6 0 .8 9

4 5 .4 1

8 2 .4 4

5 5 .6 3

3 4 9 ,0 7 2 .5 0

43

W IK A IJ

1 ,2 9 5

2 ,2 8 0

1 ,2 1 0

(2 5 5 )

(1 6 . 4 5 )

1 1 .5 5

7 .6 3

1 .1 0

0 .8 2

1 1 ,6 1 6 .0 9

44

W S B P IJ

362

510

336

(4 6 )

(1 1 . 2 7 )

1 0 .5 6

7 .1 8

1 .4 7

1 .0 5

9 ,5 4 2 .7 4

W S K T IJ

1 ,7 8 0

3 ,1 5 0

1 ,7 7 0

(4 3 0 )

(1 9 . 4 6 )

7 .3 8

5 .4 6

2 .1 4

1 .2 7

2 4 ,1 6 1 .5 5

45

2 3 .6 0

1 .1 6

1 .4 8

4 0 ,3 4 1 .5 4

1 6 .1 7

1 2 .1 0

2 .1 5

1 .5 9

5 4 ,4 3 8 .6 4

3 .5 0

6 .3 0

1 .2 7

1 .2 3

1 8 ,3 3 9 .8 8

(3 7 . 1 3 )

4 3 .4 5

2 7 .3 8

3 .2 9

2 .0 1

5 0 ,8 0 1 .0 0

(2 7 . 5 0 )

2 1 .1 1

1 7 .0 6

3 .0 8

1 .9 7

3 3 ,6 7 6 .5 2

(2 6 . 0 4 )

3 2 .9 6

2 3 .0 8

5 .9 6

3 .9 7

5 8 ,5 9 3 .9 0

(1 2 2 )

(2 5 . 0 0 )

1 8 .0 9

9 .7 0

0 .4 9

0 .3 8

8 ,4 4 9 .9 1

(1 , 3 2 5 )

(1 3 . 2 5 )

1 5 .2 9

1 2 .2 7

1 6 .4 9

6 .6 8

2 5 ,3 1 2 .9 4

(2 9 . 1 8 )

1 1 .7 8

7 .6 9

1 .8 6

1 .2 1

1 2 ,9 9 1 .2 5

460

1 5 .0 3

20

1 8 .1 8

(1 8 5 )

(1 0 . 5 7 )

1 ,4 9 0

6 0 .5 7

-

-

-

1 1 ,2 7 1 .4 2

2 0 .7 7

-

1 0 .9 2

-

0 .9 9

0 .8 3

3 7 ,9 3 7 .9 6

5 .7 9

9 .2 0

1 .9 1

2 .6 5

4 5 ,5 0 6 .6 0

2 .0 3

1 .3 6

1 .1 8

-

1 3 .3 0

3 .5 4

2 .6 6

1 2 ,2 8 7 .2 5

1 9 .6 8

1 6 .5 9

4 .7 0

3 .7 4

3 8 9 ,0 8 7 .9 9

2 3 .8 1

2 0 .3 4

4 .7 4

3 .6 7

9 3 ,6 2 5 .9 8

-

-

1 7 ,4 7 0 .2 8

-

-

-

6 ,3 8 1 .0 8

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

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

2.27

4.86

(5.69)

(9.94)

B asic Industry

3.09

4.92

(4.62)

12.10

Trade

1.01

2.84

(2.42)

(4.42)

Finance

0.51

4.00

(3.72)

(10.61)

M iscellaneo us Industry

0.88

4.42

(8.44)

(18.45)

Co nsumer

2.12

3.90

1.77

(13.25)

Infrastructure
A griculture
M ining

0.90

7.14

3.65

(8.89)

(0.20)

(0.44)

(6.53)

(11.21)

0.46

5.85

1.01

23.57

J un- 18

M a y- 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 %)

1.90

3.61

Inflatio n Yo Y (in %)

3.12

3.23

Inflatio n M o M (in %)

0.59

0.21

119.80

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 ( %)

14,367.00

-

(3.03)

(5.65)

USD/CNY

6.63

(0.27)

(3.50)

(1.92)

USD/EUR

0.85

0.12

0.46

2.34

USD/JP Y

110.82

0.16

(0.71)

1.69

USD/SGD

1.36

(0.25)

(1.88)

(1.80)

USD/A UD

1.35

0.60

2.64

5.28

USD/GB P

0.75

0.09

0.90

1.86

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

( in %)
7.34

LIB OR (in GB P )

1.01

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.37

Indo nesia 10-Year Go vernment B o nds Yield

7.37

Indo nesia 15-Year Go vernment B o nds Yield

7.79

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

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 )

Mahk ota Gr oup Tbk
NFC I ndonesia Tbk

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

List in g

703.7

03/ 07/ 2018 - 09/ 07/ 2018

12- Jul- 18

166.7

03/ 07/ 2018 - 05/ 07/ 2018

10- Jul- 18

Pollux Pr oper ti I ndonesia Tbk

1247.8

03/ 07/ 2018 - 05/ 07/ 2018

11- Jul- 18

Siner gi Megah I nter nusa Tbk

1200.0

03/ 07/ 2018 - 05/ 07/ 2018

12- Jul- 18

400.0

02/ 07/ 2018 - 04/ 07/ 2018

09- Jul- 18

Batav ia Pr osper indo Tr ans 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

BMAS

8

St a t u s

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

C SAP

4

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

I MAS

5

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

I MJS

1.2

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

KKGI

2

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

30/ 07/ 2018

KMTR

17.27

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

18/ 07/ 2018

MARI

12

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

RUI S

5

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
UNVR - Daily 7/10/2018 4:14:00 PM Open 46800, Hi 47150, Lo 46550, Clos e 47125 (1.6%) MA(Clos e,50) = 46,698.50

58,000
57,000
56,000
55,000
54,000
53,000
52,000
51,000
50,000
49,000
48225
47950

48,000

47350
46900

47,125
47,000
46,698.5

46075
45800
45500
45000

46,000

44025

44,000

45,000

43400
Aug
Sep
Oct
Nov
UNVR - MACD(12,26) = -106.91, Signal(12,26,9) = -427.81

Dec

2018

Feb

Mar

Apr

May

Jun

Jul
1,000
-106.912 0
-427.805
-1,000

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

UNVR - Stoch %K(15,3) = 85.00, Stoch %D(15,3,3) = 80.01
84.9963
80
80.0098

20

UN VR : TRAD I N G BUY
UN VR berhasil break Resist ance 46.900, UN VR berpeluang unt uk m elanj ut kan penguat an dan m enguj i Trendline / Resist ance
47.350 dan 47.950 dalam j angka pendek. Nam un, j ika UN VR gagal break Trendline 47.350 m aka akan m encoba Support 46.900,
46.400 dan 46.100. UN VR dilihat I ndikat or MACD dan St oc osc m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss

: 47.125 — 47.150
: 47.950 ( 1.8% ) , 48.225 ( 2.3% )
: 46.400 ( - 1.5% )

ITMG - Daily 7/10/2018 4:14:00 PM Open 24725, Hi 25200, Lo 24250, Clos e 25000 (1.1%) MA(Clos e,50) = 24,928.50
33,000
32,000
31,000
30,000
29000

29,000

28450
28000

28,000

27225

27,000

26400

26,000

25725
25125
24750
24325

25,000
25,000
24,928.5
24,000

23650
22950
22200

21000

23,000
22,000
21,000
20,000
19,000

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

ITMG - MACD(12,26) = -455.77, Signal(12,26,9) = -697.14

2,000
1,000
0
-455.771
-1,000
-697.141

Aug
Sep
Oct
Nov
ITMG - Stoch %K(15,3) = 57.52, Stoch %D(15,3,3) = 44.95

Dec

2018

Feb

Mar

Apr

May

Jun

Jul
80
57.5201
44.9547
20

ITMG - RSI(15) = 53.66

I TM G : BUY ON W EAKN ESS
I TM G belum berhasil break Trendline 25.400, I TM G berpeluang m enguj i Support 24.750 dan 24.350,Nam un, j ika I TMG berhasil
break Trendline 25.400 . Nam un, j ika I TM G berhasil break Trendline m aka akan m encoba Resist ance 25.725 dan 26.400. I TM G
dilihat I ndikat or St oc osc dan MACD m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 24.750 — 25.000
: 25.400 ( 2.6% ) , 26.400 ( 6.7% )
: 24.350 ( - 1.6% )

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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
KLBF - Daily 7/10/2018 4:13:00 PM Open 1290, Hi 1310, Lo 1270, Clos e 1310 (3.1%) MA(Clos e,50) = 1,375.60

1,800
1,750
1,700
1,650
1,600
1,550
1,500
1,450

1390
1360
1340
1305
1285

1,400
1,375.6
1,350
1,310
1,300

1250
1230

1,250

1205
1190

1,200
1,150

Aug
Sep
Oct
Nov
KLBF - MACD(12,26) = -32.81, Signal(12,26,9) = -41.22

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

0
-32.8144
-41.2201
-50
Aug

Sep

Oct

Nov

KLBF - Stoch %K(15,3) = 50.55, Stoch %D(15,3,3) = 37.79
80
50.5491
37.794
20
KLBF - RSI(15) = 50.02

KLBF : TRAD I N G BUY
KLBF berhasil break Resist ance 1.305, KLBF t erbuka berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 1.340,
1.360 dan 1.390 dalam j angka pendek. Nam un, j ika KLBF gagal break di Resist ance 1.340 m aka akan m encoba Support 1.305
dan 1.285. KLBF dilihat I ndikat or St oc osc dan MACD m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 1.310 — 1.320
: 1.340 ( 2.3% ) , 1.390 ( 6.1% )
: 1.285 ( - 1.9% )

ADRO - Daily 7/10/2018 4:14:00 PM Open 1855, Hi 1880, Lo 1830, Clos e 1865 (1.6%) MA(Clos e,50) = 1,875.70
2,600

2,500

2,400

2,300

2,200

2,100
2070
2,000
1980
1945
1890

1,875.7
1,900
1,865

1850
1810

1,800

1750
1,700
1690
1665
1615

Aug
Sep
Oct
Nov
ADRO - MACD(12,26) = -24.53, Signal(12,26,9) = -29.92

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

1,600

1575
1540

100
-24.5327 0
-29.9198
-100
Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

ADRO - Stoch %K(15,3) = 47.44, Stoch %D(15,3,3) = 41.78
80
47.4395
41.777
20
ADRO - RSI(15) = 51.39

AD RO : TRAD I N G BUY
AD RO berhasil break Resist ance 1.850, AD RO berpeluang m enguj i Resist ance 1.890 dan Trendline 1.930 dalam j angka pendek.
Nam un, j ika AD RO belum berhasil break di Resist ance 1.890 m aka AD RO akan m encoba Support 1.850, 1.810 dan 1.775.
AD RO dilihat I ndikator MACD dan St oc osc m engindikasikan pola Upt rend
Ent ry point
Exit point
St op Loss

: 1.850 — 1.865
: 1.890 ( 2.2% ) , 1.930 ( 4.3% )
: 1.810 ( - 2.2% )

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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
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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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