See important disclaimer at the end of this report

  Tuesday, October 09, 2018

  ID X St at ist ics C lo sing Volume JCI Index

  7,000 20,000

  JCI 5,761.07 Transaction Value Regular M arket (IDR tn) 5.035

  6,000 15,000

  Transaction Volume Regular M arket (mn shares) 7,384

  5,000 10,000

  Foreign Net Buy (Sell) (IDR bn) (900) Foreign Net Buy (Sell) (3.90)

  4,000 5,000

  Total M arket Capitalization (IDR tn) 6,515.18

  3,000 YT D Ot her Indices C lo sing 1- D ay C hg ( %) C hg ( %) I HSG n a ik s e b a n y a k 2 9 .1 p o in (0 .5 1 % ) k e le v e l 5 7 6 1 .0 7 .

  LQ45 904.13 0.69 (16.24)

  Se m e n t a ra LQ4 5 n a ik s e b a n y a k 6 .2 p o in (0 .6 9 % ) k e le v e l

  EIDO

  21.54 1.17 (24.23) 9 0 4 .1 3 . Fo re ig n n e t s e ll s e b e s a r Rp 9 0 0 .2 1 m ilia r.

  IDX

  19.49 0.93 (21.54) DOW JONES 26,486.78

  0.15

  7.15 S&P 500 2,884.43 (0.04)

  7.89 NASDAQ 7,735.95 (0.67)

  12.06 FTSE 7,233.33 (1.16) (5.91)

  Toda y ’s M a r k e t :

  NIKKEI 23,783.72 (0.80)

  4.48

• I HSG diperkirakan bergerak m ixed. Bursa AS dit ut up m e-

  HANG SENG 26,202.57 (1.39) (12.42)

  lem ah pada perdagangan Senin ( 08/ 10) . Harga cr ude oil

  STRAITS TIM ES 3,181.45 (0.88) (6.51)

  naik ke level USD 74.21 per barrel. Harga bat ubara t urun

  KLSE 1,775.75 (0.08) (1.17)

  ke level USD 112.75 per Mt . Rupiah bergerak st abil t erha- dap Dollar AS ke level Rp 15.194. 10Yr Governm ent Bonds YT D Yield naik ke level 8.53% . C urrency Spo t R at e R at e ( ID R ) 1- D ay C hg ( %) C hg ( %)

• Dari dalam negeri, Kem ent rian ESDM m em prediksi re-

  USD/IDR 15,194.00

  0.00

  10.93

  alisasi penerim aan sekt or m inerba hingga awal Okt ober ini

  EUR/IDR 17,483.77 (0.04)

  7.22

  sudah m elam paui dari t ar get yang dit et apkan yait u Rp 36

  JPY/IDR 134.60

  0.85

  10.63

  t riliun. Sam pai akhir t ahun nant i, realisasi penerim aan

  SGD/IDR 10,992.93

  0.08

  7.74 diproyeksikan akan m enyent uh Rp 40 t riliun. AUD/IDR 10,773.00

  0.66

  1.76

• Dari dalam negeri, Bank I ndonesia m encat at kan Survei

  GBP/IDR 19,915.98 (0.08)

  8.07 Penj ualan Eceran pada Agust us 2018 pada level 214,3

  at au t um buh sebesar 6,1% secara t ahunan, dan t urun Last YT D C o mmo dit ies P rice 0,8% secara bulanan. T ransact io n C hg ( %)

• Sehubungan dengan em it en, ACE Hardware ( ACES) pada

  Crude Oil (USD/barrel) 74.21 7:54:31 AM

  22.82

  bulan Sept em ber 2018 m encat at kan SSSG sebesar

  Coal (USD/mn tons) 112.75 10/8/2018

  11.86 11,3% . SSSG YTD berada pada 13,3% . Natural Gas (USD/mmBtu) 3.29 7:52:26 AM

  11.24

  Secara t eknikal indeks hari Selasa ( 09/ 10) , I HSG

• Gold (USD/ounce) 1,189.33 8:04:33 AM (8.70)

  Nickel (USD/mn tons) 12,620.00 8:04:33 AM (1.10) diprediksi bergerak di kisaran 5728 - 5794. Tins (USD/mn tons) 18,900.00 10/8/2018 (5.62) CPO (M YR/mn tons) 2,116.00 10/8/2018 (13.42) Rubber (JPY/kg) 158.30 7:20:33 AM (22.93) Wheat (USD/bushel) 512.00 7:53:59 AM

  19.91 Corn (USD/bushel) 366.00 7:52:29 AM

  4.35 Top BUY:

  I TM G, GGRM BoW :

  I CBP, JPFA Source: Bloomberg, Sinarmas Investment Research

  D a ily Cor por a t e a n d I n du st r y N e w s

I ndonesia m em anfaat kan pert em uan t ahunan Dana Monet er I nt ernasional ( I MF) dan Bank Dunia ( World Bank/ WB)

di Bali pada 8 - 14 Okt ober unt uk m enarik invest asi, khususnya asing. Ada puluhan invest asi bernilai lebih dari Rp

300 t riliun yang akan dit andat angani di sela pert em uan I MF - WB. I nvest asi t ersebut t erdiri at as proyek infrast rukt ur

yang dit awarkan pem erint ah senilai US$ 7 m iliar at au set ara Rp 105 t riliun sert a proyek - proyek di 21 BUMN dengan

nilai Rp 200 t riliun. Pem erint ah sendiri m enawarkan proyek - proyek non- APBN senilai US$ 34,8 m iliar at au set ara Rp

522 t riliun. Source: I nvest or Daily

Bank sent ral China m em ot ong biaya pencadangan perbankan sebesar 100 basis poin ( bps) dari saat ini 15.5% , pada

Minggu ( 7/ 10) . I ni m erupakan pem ot ongan cadangan keem pat t ahun ini. Pem angkasan cadangan t erbaru ini akan

m enyunt ik kas sebesar 750 m iliar yuan at au sekit ar US$ 109,2 m iliar ke dalam sist em perbankan. Likuidit as bakal

bert am bah hingga 1,2 t riliun yuan. Source: Kont an

Ket ua Kom it e Tet ap Perkebunan Kam ar Dagang dan I ndust ri ( Kadin) Rudyan Kopot m engat akan, pelem ahan rupiah

yang t erj adi j ust ru m enam bah pem asukan unt uk sekt or pert anian, salah sat unya unt uk harga m inyak kelapa sawit

( Crude Palm Oil/ CPO) . Sebab kelapa sawit m erupakan salah sat u ekspor t erbesar indonesia. Source: I nvest or Daily

Pelem ahan nilai t ukar rupiah t erhadap dolar Am erika Serikat berlanj ut hingga sore hari kem arin ( 8/ 10) sem pat m e-

lem ah ke posisi Rp 15.217 per dolar AS. Depresiasi rupiah sej ak 1 Januari 2018 hingga 8 Okt ober 2018 m encapai

12,26% . Source: I nvest or Daily

Badan Pem eriksa Keuangan ( BPK) m enyat akan Laporan Keuangan Pem erint ah Daerah ( LPKD) yang m endapat predi-

kat opini Waj ar Tanpa Pengecualian ( WTP) m elesat j um lahnya, dari 3 LPKD ( 0,65% ) pada 2006 m enj adi 411 LPKD

at au 76% pada 2017. Peningkat an k ualit as LPKD ini m erupakan upaya pem erint ah daerah dalam m em perbaiki kele-

m ahan yang t erj adi pada 2016. Source: I nvest or Daily

Ekspor m inyak dan gas bum i ( m igas) t idak lagi diwaj ibkan m enggunakan let t er of credit ( L/ C) . Hal ini diat ur Pera-

t uran Ment eri Perdagangan ( Perm endag) Nom or 102 t ahun 2018 t ent ang Perubahan at as Perat uran Ment eri Perda-

gangan Nom or 94 t ahun 2018 t ent ang ket ent uan penggunaan L/ C unt uk Ekspor barang t ert ent u. Beleid ini diun-

dangkan pada 28 Sept em ber 2018 dan berlaku 7 Okt ober 2018. Source: I nvest or Daily

Direkt ur Penerim aan Mineral dan Bat ubara Kem ent rian ESDM Jonson Pakpahan m engat akan, t arget PNBP t ahun ini

dit et apkan sebesar Rp 32,09 t riliun. Realisasi penerim aan hingga awal Okt ober ini sudah m elam paui dari t arget yang

dit et apkan t ersebut yait u Rp 36 t riliun. Sam pai akhir t ahun nant i, realisasi penerim aan sekt or m inerba diproyeksikan

akan m enyent uh Rp 40 t riliun. Sour ce: I nvest or Daily

Kem ent rian Perindust rian ( Kem perin) akan m endorong percepat an realisasi B20 m encapai 100% t ahun ini. Ke-

m udian, t ahun 2019 m enj adi B25 dan 2020 m enj adi B30. Road t est B30 akan dilakukan pada ak hir bulan Okt ober.

Road t est ini akan dij adikan sebagai review unt uk m em persiapkan pabrikan m em produksi B30. Source: Kont an

I ndeks Penj ualan Ril ( I PR) periode Juli- Sept em ber 2018 berdasarkan Sur vei Penj ualan Eceran yang dilakukan Bank

I ndonesia ( BI ) . I PR k uart al I I I - 2018 hanya t um buh 4,2% year on year ( yoy) . Padahal di kuart al I I - 2018, I PR t um -

buh 4,9% yoy. Source: Kont an

Sillo Marit im e Perdana ( SHI P) opt im ist is pendapat an t ahun ini sebesar US$ 62 j ut a. Hingga kuart al I I I - 2018, perse-

roan m em perkirakan sudah m encapai 75% dari t arget akhir t ahun at au sekit ar US$ 46 j ut a. Perusahaan t elah m en-

dapat kan perpanj angan kont rak unt uk lim a t ahun hingga 2023 dari Pert am ina Hulu Energi ( PHE) senilai US$ 94,58

j ut a. Source: I nvest or Daily

Bum i Resources ( BUMI ) ak an m engonversi US$ 4 m iliar at au 80% pendapat an t ahun ini ke m at a uang rupiah. Tahun

ini perusahaan m enarget kan bisa m encapai pendapat an US$ 5 m iliar at au sekit ar Rp 75 t riliun. Sour ce: I nvest or

Daily

  D a ily Cor por a t e a n d I n du st r y N e w s

Bum i Resources ( BUMI ) ak an m engonversi US$ 4 m iliar at au 80% pendapat an t ahun ini ke m at a uang rupiah. Tahun

ini perusahaan m enarget kan bisa m encapai pendapat an US$ 5 m iliar at au sekit ar Rp 75 t riliun. Sour ce: I nvest or

Daily

Medco Energi I nt ernat ional ( MEDC) m enj aj aki invest or st rat egis unt uk m enyer ap penerbit an saham baru ( right s is-

sue) t anpa hak m em esan efek t erlebih dahulu ( non - HMETD) sebanyak 1.772.892.346 unit saham dengan harga pe-

laksanaan Rp 868 per saham . Ak si korporasi yang dit arget kan t unt as t ahun ini dit arget kan m em berikan t am bahan

dana segar bagi perseroan hingga 1,54 t riliun. Source: I nvest or Daily

Mat ahari Depart m ent St ore ( LPPF) m endapat rest u dari pem egang saham unt uk m elakukan pem belian kem bali

( buyback) m aksim al 204.254.266 unit saham at au ekuivalen 7% . Perseroan m enganggarkan dana m aksim um Rp

1,25 t riliun yang berasal dari kas int ernal. Source: I nvest or Daily

Ace Hardware ( ACES) sudah m em buka 20 gerai baru pada t ahun ini dan akan m enam bah dua gerai di Bekasi dan

Sum at era Ut ara. Jum lah t ersebut j auh lebih banyak ket im bang rencana ekspansi awal yang hanya m enarget kan 15

gerai baru. Source: Kont an

Kobexindo Tract ors ( KOBX) opt im ist is t arget pert um buhan penj ualan alat berat sebesar 40% t ahun ini dapat t ercapai

dengan segm en pert am bangan m asih m endom inasi perm int aan alat berat . Source: Kont an

Sem en I ndonesia ( SMGR) m enarget kan volum e penj ualan sem en bisa t um buh 5% hingga 6% pada akhir t ahun ini.

  

Hingga Agust us t ahun ini t ercat at penj ualan Sem en I ndonesia Group m encapai 20,7 j ut a t on ( + 4% YoY) . Source:

Kont an

  W or ld Equ it y I n dice s Source: Bloomberg, Sinarmas Investment Research

  1.90 1.96 403,853.98 3,575.51

  7.84

  1.46 1.36 6,784.26

  54.90

  26 N KY Index 24,448.07 20,347.49 1,018.78

  4.48

  19.40

  16.73

  27 N EY Index 376.09 323.31

  25 KSE100 Index 47,144.12 37,736.73 (2,573.19) (6.36)

  0.28

  0.08

  16.05

  12.83

  1.38 1.34 453,914.40 4,018.72

  28 T P X Index 1,911.31 1,645.16 (24.91) (1.37)

  16.34

  13.91

  8.99

  3.39 3.34 4,119,039.49 270.10

  29 F B M KLC I Index 1,896.03 1,657.78 (21.06) (1.17)

  22 N IF T Y Index 11,760.20 9,951.90 (182.65) (1.73)

  7.82

  1.05 1.06 10,919.60 1,394.41

  21 SEN SEX Index 38,989.65 31,769.40 417.55

  1.23

  24.56

  18.39

  3.12 2.89 62,288.08 841.67

  23.85

  15.56

  17.74

  3.12 2.87 76,099.71 1,028.31

  23 J C I Index 6,693.47 5,557.56 (594.58) (9.36)

  24.62

  15.00

  2.58 2.55 6,515,180.54 427.22

  24 LQ 45 Index 1,132.92 871.91 (175.25) (16.24)

  21.16

  1.41 1.46 673,137.15 5,959.60

  16.68

  20 H SC EI Index 13,962.53 10,196.71 (1,316.01) (11.24)

  36 SET 50 Index 1,223.67 1,043.32 (20.12) (1.77)

  15.55

  13.46

  1.75 1.70 31,012.90 998.77

  35 SET Index 1,852.51 1,584.68 (57.49) (3.28)

  18.90

  15.71

  2.08 2.11 17,106.46 518.68

  17.52

  1.05 1.04 1,457,989.89 1,281.64

  15.41

  2.26 2.29 11,719.50 355.34

  37 VN IN D EX Index 1,211.34 806.30

  11.88

  1.21

  19.00

  17.44

  2.81 2.92 3,196,911.62 136.91

  34 T WSE Index 11,270.18 10,189.04 (186.93) (1.76)

  9.07

  17.08

  84.61

  1.67 1.63 1,106.06 265.76

  30 N Z SE Index 1,652.90 1,433.28

  89.91

  5.95

  19.27

  21.27

  2.03 1.99 131.30

  31 P C O M P Index 9,078.37 6,923.67 (1,507.60) (17.62)

  12.69

  22.98

  16.40

  2.51 2.39 8,878.84 163.99

  32 F SST I Index 3,641.65 3,102.73 (221.47) (6.51)

  11.07

  12.90

  1.22 1.25 550.27 397.27

  33 KO SP I Index 2,607.10 2,218.09 (213.66) (8.66)

  9.18

  1.39 1.39 17,095.42 2,183.04

  W O R L D E Q U I T Y I N D I C E S N O T I C K E R

  23.22

  16.41

  2.65 2.63 5,770.57 305.15

  6 SX5E Index 3,708.82 3,261.86 (194.24) (5.54)

  18.41

  13.67

  1.67 1.72 2,859.06 3,282.21

  7 UKX Index 7,903.50 6,866.94 (454.44) (5.91)

  12.93

  5 M EXB O L Index 51,121.23 44,429.36 (1,261.32) (2.56)

  1.97 1.97 2,017.26 2,637.37

  8 C A C Index 5,657.44 5,038.12 (12.31) (0.23)

  18.43

  14.12

  1.67 1.68 1,577.37 1,810.83

  9 D A X Index 13,596.89 11,726.62 (970.48) (7.51)

  19.19

  12.92

  19.72

  1.91 1.90 2,452.65 1,891.02

  10 IB EX Index 10,643.40 9,111.10 (844.70) (8.41)

  22.49

  1 IN D U Index 26,951.81 22,739.38 1,767.56

  7.15

  20.64

  16.73

  3.88 3.93 7,353.51 7,353.51

  2 SP X Index 2,940.91 2,532.69 210.82

  7.89

  17.71

  15.46

  3.30 3.29 25,274.48 25,274.48

  3 C C M P Index 8,133.30 6,517.93 832.56

  12.06

  40.70

  22.67

  3.80 3.68 12,091.27 12,091.27

  4 SP T SX Index 16,586.46 14,785.78 (262.96) (1.62)

  19.81

  1.86 1.91 1,106.70 1,270.50

  14.97

  10.82

  17 SH A SH R Index 3,757.20 2,769.10 (618.64) (17.86)

  18.90

  15.44

  2.00 1.94 1,980.42 1,399.37

  16 SH SZ 300 Index 4,403.34 3,191.40 (739.96) (18.36)

  16.47

  11.25

  2.05 2.08 26,223.36 3,783.65

  16.86

  51.34

  11.03

  1.80 1.83 28,926.48 4,173.67

  18 SZ A SH R Index 2,140.56 1,438.39 (537.14) (27.04)

  29.07

  16.00

  3.12 3.10 17,730.29 2,558.23

  19 H SI Index 33,484.08 26,187.83 (3,716.58) (12.42)

  13.71

  0.83

  15 A S30 Index 6,481.30 5,777.60

  11.99

  1.91 1.86 654.28 751.11

  1.47 1.46 573.90 658.83

  11 F T SEM IB Index 24,544.26 19,812.43 (2,001.87) (9.16) 581.58

  10.89

  1.18 1.04 473.39 543.46

  12 A EX Index 576.90 515.96 (11.06) (2.03)

  18.84

  14.24

  13 SM I Index 9,616.38 8,372.90 (417.73) (4.45)

  2.08 2.02 1,823.69 1,288.62

  24.52

  15.68

  2.59 2.57 1,085.62 1,093.06

  14 A S51 Index 6,373.50 5,710.80

  35.18

  0.58

  17.95

  15.35

  A m e r i c a 2 0 17 2 0 18 E D o m a i n C u r r e n c y U S D L O W P O I N T % 2 0 17 2 0 18 E A s i a / P a c i f i c 5 2 - W E E K C H A N G E Y T D P E R ( x) P B V ( x) M A R K E T C A P ( B n ) E u r o p e H I G H

  LQ4 5 Source: Bloomberg, Sinarmas Investment Research

  

8 B B R I I J 2 , 9 7 0 3 , 9 2 0 2 , 7 2 0 (6 7 0 ) (1 8 . 4 1 ) 1 5 . 3 4 1 1 . 2 7 2 . 6 7 1 . 9 7 3 6 6 , 3 3 7 . 0 6

  I N T P I J 1 6 , 2 5 0 2 3 , 9 5 0 1 2 , 5 0 0 (5 , 7 0 0 ) (2 5 . 9 7 ) 4 3 . 4 5 4 5 . 9 0 3 . 2 9 2 . 6 6 5 9 , 8 2 0 . 0 2

2 4 J S M R I J 4 , 2 7 0 6 , 7 7 5 3 , 9 2 0 (2 , 1 3 0 ) (3 3 . 2 8 ) 2 1 . 1 1 1 5 . 7 2 3 . 0 8 1 . 8 5 3 0 , 9 9 1 . 1 1

2 5 K L B F I J 1 , 2 9 0 1 , 7 8 5 1 , 1 5 5 (4 0 0 ) (2 3 . 6 7 ) 3 2 . 9 6 2 4 . 4 3 5 . 9 6 4 . 1 5 6 0 , 4 6 8 . 9 1

2 6 L P K R I J 3 1 0 7 4 5 3 0 8 (1 7 8 ) (3 6 . 4 8 ) 1 8 . 0 9 9 . 0 2 0 . 4 9 0 . 3 3 7 , 1 5 7 . 0 3

2 7 L P P F I J 6 , 7 0 0 1 1 , 9 7 5 5 , 5 2 5 (3 , 3 0 0 ) (3 3 . 0 0 ) 1 5 . 2 9 9 . 8 4 1 2 . 5 3 5 . 3 1 1 9 , 5 5 0 . 0 5

2 8 M N C N I J 7 8 5 1 , 6 9 0 7 6 0 (5 0 0 ) (3 8 . 9 1 ) 1 1 . 7 8 7 . 3 0 1 . 8 6 1 . 0 9 1 1 , 2 0 6 . 7 4

2 9 M Y R X I J 1 2 5 1 9 8 1 0 1 1 5 1 3 . 6 4 - - - - 1 0 , 8 3 7 . 9 0

3 0 P G A S I J 2 , 2 2 0 2 , 8 6 0 1 , 3 6 5 4 7 0 2 6 . 8 6 2 0 . 7 7 1 4 . 5 6 0 . 9 9 1 . 1 2 5 3 , 8 1 6 . 1 5

3 1 P T B A I J 4 , 6 9 0 4 , 9 4 0 2 , 0 9 0 2 , 2 3 0 9 0 . 6 5 5 . 7 9 1 0 . 1 6 1 . 9 1 3 . 1 7 5 4 , 0 3 1 . 8 9

3 2 P T P P I J 1 , 5 4 5 3 , 2 8 0 1 , 4 6 5 (1 , 0 9 5 ) (4 1 . 4 8 ) 1 1 . 2 6 5 . 5 5 1 . 4 3 0 . 7 4 9 , 5 7 8 . 8 4

3 3 P W O N I J 4 7 2 7 2 5 4 7 0 (2 1 3 ) (3 1 . 0 9 ) 1 7 . 6 2 1 0 . 4 1 3 . 2 0 1 . 8 7 2 2 , 7 3 1 . 3 3

3 4 S C M A I J 1 , 7 0 0 2 , 9 8 0 1 , 6 4 5 (7 8 0 ) (3 1 . 4 5 ) 2 7 . 2 4 1 5 . 1 1 9 . 3 0 4 . 8 7 2 4 , 8 5 6 . 7 2

3 5 S M G R I J 9 , 3 0 0 1 1 , 7 7 5 6 , 5 0 0 (6 0 0 ) (6 . 0 6 ) 2 9 . 1 4 2 7 . 6 4 2 . 0 3 1 . 8 3 5 5 , 1 6 3 . 1 4

3 6 S R I L I J 3 4 2 4 1 4 3 0 2 (3 8 ) (1 0 . 0 0 ) 7 . 2 6 - 1 . 1 8 - 6 , 9 9 4 . 6 4

3 7 S S M S I J 1 , 2 6 5 1 , 5 4 5 1 , 0 0 5 (2 3 5 ) (1 5 . 6 7 ) 1 7 . 9 2 1 4 . 1 3 3 . 5 4 2 . 6 5 1 2 , 0 4 9 . 1 3

3 8 T L K M I J 3 , 5 2 0 4 , 6 1 7 3 , 2 5 0 (8 7 9 ) (1 9 . 9 8 ) 1 9 . 6 8 1 6 . 5 1 4 . 7 0 3 . 4 6 3 4 8 , 6 9 9 . 0 0

3 9 T P I A I J 4 , 5 6 0 6 , 6 7 5 4 , 4 2 0 (1 , 4 4 0 ) (2 4 . 0 0 ) 2 3 . 8 1 2 7 . 1 8 4 . 7 4 3 . 0 3 8 1 , 3 2 0 . 8 5

4 0 T R A M I J 2 3 6 4 3 2 1 2 4 3 8 1 9 . 1 9 - - - - 1 1 , 7 1 3 . 5 5

4 1 U N T R I J 3 2 , 0 7 5 4 0 , 5 0 0 3 0 , 7 7 5 (3 , 3 2 5 ) (9 . 3 9 ) 1 7 . 8 4 1 1 . 6 6 2 . 9 1 2 . 3 0 1 1 9 , 6 4 4 . 0 8

4 2 U N V R I J 4 4 , 2 0 0 5 8 , 1 0 0 4 0 , 4 0 0 (1 1 , 7 0 0 ) (2 0 . 9 3 ) 6 0 . 8 9 4 4 . 0 6 8 2 . 4 4 5 5 . 6 7 3 3 7 , 2 4 6 . 0 0

4 3 W I K A I J 1 , 3 0 0 2 , 1 9 0 1 , 2 1 0 (2 5 0 ) (1 6 . 1 3 ) 1 1 . 5 5 7 . 8 5 1 . 1 0 0 . 8 2 1 1 , 6 6 0 . 9 4

4 4 W S B P I J 3 5 0 5 1 0 3 3 6 (5 8 ) (1 4 . 2 2 ) 1 0 . 5 6 7 . 5 9 1 . 4 7 1 . 0 1 9 , 2 2 6 . 4 1

4 5 W S K T I J

  I N D Y I J 2 , 7 0 0 4 , 6 3 0 1 , 9 0 0 (3 6 0 ) (1 1 . 7 6 ) 3 . 5 0 4 . 6 6 1 . 2 7 0 . 9 3 1 4 , 0 6 7 . 5 2 2 3

  I N D F I J 5 , 5 7 5 8 , 5 0 0 5 , 5 5 0 (2 , 0 5 0 ) (2 6 . 8 9 ) 1 6 . 1 8 1 1 . 1 2 2 . 1 5 1 . 4 4 4 8 , 9 5 0 . 8 8 2 2

  I N C O I J 3 , 4 5 0 4 , 7 2 0 2 , 5 7 0 5 6 0 1 9 . 3 8 - 2 8 . 2 8 1 . 1 6 1 . 1 8 3 4 , 2 8 0 . 3 7 2 1

  I C B P I J 8 , 8 2 5 9 , 2 7 5 7 , 9 0 0 (7 5 ) (0 . 8 4 ) 2 7 . 3 1 2 4 . 4 9 5 . 3 1 4 . 7 4 1 0 2 , 9 1 6 . 3 4 2 0

  

9 B B T N I J 2 , 4 1 0 3 , 8 9 0 2 , 1 1 0 (1 , 1 6 0 ) (3 2 . 4 9 ) 1 2 . 4 9 7 . 5 2 1 . 7 5 1 . 0 3 2 5 , 5 2 1 . 9 0

1 0 B J B R I J 1 , 9 6 0 2 , 7 3 0 1 , 7 9 5 (4 4 0 ) (1 8 . 3 3 ) 1 9 . 2 0 1 2 . 5 5 2 . 3 1 1 . 8 2 1 9 , 0 0 4 . 7 3

1 1 B M R I I J 6 , 2 0 0 9 , 0 5 0 6 , 1 7 5 (1 , 8 0 0 ) (2 2 . 5 0 ) 2 0 . 9 3 1 1 . 3 8 2 . 2 4 1 . 6 0 2 8 9 , 3 3 3 . 3 3

1 2 B M T R I J 3 7 2 7 5 5 3 7 0 (2 1 8 ) (3 6 . 9 5 ) - - 0 . 8 8 - 5 , 2 8 1 . 8 9

1 3 B R P T I J 1 , 6 2 5 2 , 7 2 0 1 , 5 1 0 (6 3 5 ) (2 8 . 1 0 ) 3 0 . 0 0 1 7 . 7 6 2 . 1 6 1 . 0 6 2 8 , 9 1 1 . 3 3

1 4 B S D E I J 1 , 0 0 5 1 , 9 6 5 9 9 5 (6 9 5 ) (4 0 . 8 8 ) 6 . 6 1 7 . 3 0 1 . 2 9 0 . 6 9 1 9 , 3 4 2 . 9 3

1 5 B U M I I J 1 9 8 3 5 6 1 8 8 (7 2 ) (2 6 . 6 7 ) 2 . 5 7 2 . 1 6 - - 1 2 , 9 6 4 . 1 3

1 6 E X C L I J 2 , 9 3 0 1 , 7 1 0 (3 0 ) (1 . 0 1 ) 8 5 . 1 6 7 9 . 7 3 1 . 4 6 1 . 4 2 3 1 , 3 1 5 . 7 2

1 7 G G R M I J 7 4 , 8 0 0 8 6 , 4 0 0 6 1 , 9 2 5 (9 , 0 0 0 ) (1 0 . 7 4 ) 2 0 . 8 0 1 7 . 0 6 3 . 8 2 3 . 1 2 1 4 3 , 9 2 1 . 7 8

1 8 H M S P I J 3 , 8 4 0 5 , 5 5 0 3 , 2 3 0 (8 9 0 ) (1 8 . 8 2 ) 4 3 . 5 4 3 3 . 9 3 1 6 . 1 3 1 2 . 6 9 4 4 6 , 6 6 1 . 4 2

1 9

  

7 B B N I I J 6 , 8 2 5 1 0 , 1 7 5 6 , 7 5 0 (3 , 0 7 5 ) (3 1 . 0 6 ) 1 3 . 5 6 8 . 2 9 1 . 8 7 1 . 1 8 1 2 7 , 2 7 7 . 0 8

  L Q 4 5 I n d e x H I G H L O W P O I N T % 2 0 1 7 2 0 1 8 E 2 0 1 7 2 0 1 8 E

  

6 B B C A I J 2 3 , 4 5 0 2 5 , 4 7 5 2 0 , 0 5 0 1 , 5 5 0 7 . 0 8 2 3 . 1 7 2 2 . 4 2 4 . 1 1 3 . 8 6 5 7 8 , 1 5 9 . 9 7

  

5 A S I I I J 6 , 8 5 0 8 , 7 5 0 6 , 1 0 0 (1 , 4 5 0 ) (1 7 . 4 7 ) 1 7 . 8 3 1 3 . 1 1 2 . 7 2 2 . 0 5 2 7 7 , 3 1 2 . 3 4

  

4 A N T M I J 8 1 0 1 , 0 1 5 6 0 0 1 8 5 2 9 . 6 0 - 2 6 . 2 3 0 . 8 1 1 . 0 4 1 9 , 4 6 4 . 9 2

  

3 A K R A I J 3 , 8 0 0 8 , 0 2 5 3 , 2 2 0 (2 , 5 5 0 ) (4 0 . 1 6 ) 2 8 . 1 1 1 4 . 1 5 3 . 3 7 1 . 8 1 1 5 , 2 5 5 . 8 4

  

2 A D R O I J 1 , 7 5 0 2 , 6 5 0 1 , 5 7 5 (1 1 0 ) (5 . 9 1 ) 9 . 0 6 7 . 6 5 1 . 2 6 0 . 9 9 5 5 , 9 7 5 . 4 3

  

1 A D H I I J 1 , 3 1 0 2 , 5 1 0 1 , 3 1 0 (5 7 5 ) (3 0 . 5 0 ) 1 3 . 0 2 5 . 8 6 1 . 1 5 0 . 7 1 4 , 6 6 4 . 7 1

  1 , 6 4 0 3 , 1 5 0 1 , 6 3 0 (5 7 0 ) (2 5 . 7 9 ) 7 . 3 8 5 . 0 4 2 . 1 4 1 . 2 5 2 2 , 2 6 1 . 2 0 M A R K E T C A P (B n ) L Q 4 5 I n d e x C H A N G E Y T D P E R (x ) P B V (x ) 8 -O c t -1 8 5 2 -W E E K

  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 0.00 (4.59) (4.79) (18.06) B asic Industry 0.56 (6.11) (5.07)

  8.99 Trade (0.32) (1.93) (2.33) (13.08) Finance 0.49 (3.50) (2.70) (9.08) M iscellaneo us Industry (1.15) (5.30) (2.51) (13.98) Co nsumer 2.13 (1.52) (0.26) (15.03) Infrastructure 0.15 (2.86) 1.66 (14.16) A griculture (0.17) (1.56) (2.90) (4.39) M ining (0.63) (1.35)

  4.95

  23.02 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 15,223.00 (2.40) (10.96) USD/CNY

  6.93 (0.89) (1.09) (6.12) USD/EUR

  0.87

  0.01

  0.90

  4.48 USD/JP Y 112.98 0.22 (1.64) (0.26) USD/SGD 1.38 (0.04) (0.38) (3.48) USD/A UD 1.41 (0.03)

  0.48

  10.26 USD/GB P

  0.76 0.04 (0.48)

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

  ( in %)

  JIB OR (in IDR)

  7.58 LIB OR (in GB P )

  1.09 SIB OR ( in USD)

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

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

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

8.69 Source: Bloomberg, Sinarmas Investment Research

  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 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% I ndonesian Cr 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 DR 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

  I TM G : TRAD I N G BUY

  

I TM G ber hasil br eak Resist ance 26.175, I TM G ber peluang m elanj ut k an penguat an dengan m enguj i Resist ance 26.350, 26.650 dan

27.200. Nam un, j ika I TM G gagal break Resist ance 26.650, m aka I TM G akan m encoba Support 26.250, 25.725 dan 25.300. I TM G

dilihat dar i indikat or Macd dan St oc osc m engindikasikan pola Rever sal.

  Ent r y point : 26.175 — 26.250 Exit point : 26.650 ( 1.8% ) , 27.200 ( 3.9% ) St op Loss : 25.725 ( - 1.7% ) GGRM : TRAD I N G BUY GGRM ber hasil break Resist ance Trendline 74.500, GGRM berpeluang m elanj ut k an penguat an dengan m enguj i Resist ance Tr endline 75.250, 75.750 dan 77.000. Nam un, j ika GGRM gagal break Resist ance 75.250, m aka GGRM akan m encoba Support 74.500, 73.500 dan 72.500. GGRM dilihat I ndikat or MACD dan Stoc osc m engindikasikan pola Reversal.

  Ent r y point : 74.800 — 74.900 Exit point : 75.750 ( 1.3% ) , 77.000 ( 2.9% ) St op Loss : 73.500 ( - 1.7% ) ^{Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 20,000 21,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 28000 25725 26350 28450 29000 25300 27000 27700 26650 26175 24550 ITMG - Daily 10/8/2018 4:08:00 PM Open 25675, Hi 26300, Lo 25675, Clos e 26250 (2.2%) MA(Clos e,50) = 26,925.50 26,250 26,925.5 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -1,000 1,000 2,000 ITMG - MACD(12,26) = -192.91, Signal(12,26,9) = -227.94}

• ^{-192.913 -227.938}
^{20 80 ITMG - Stoch %K(15,3) = 25.96, Stoch %D(15,3,3) = 22.53 25.9619 22.5268 ITMG - RSI(15) = 50.76 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 GGRM - Daily 10/8/2018 4:06:00 PM Open 71600, Hi 74825, Lo 71600, Clos e 74800 (4.2%) MA(Clos e,50) = 73,794.00 74,800 73,794 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -2,000 2,000 GGRM - MACD(12,26) = -14.14, Signal(12,26,9) = 77.56}
• ^{-14.1388 77.5606}
^{20 80 GGRM - Stoch %K(15,3) = 32.70, Stoch %D(15,3,3) = 25.78 32.7044 25.7846 GGRM - RSI(15) = 53.89}

  Pick s of Th e D a y

  I CBP : BUY ON W EAKN ESS

  I CBP belum ber hasil br eak Resist ance 8.900 . I CBP ber peluang m enguj i Suppor t 8.775, 8.700 dan 8.600. Nam un, j ik a I CBP

ber hasil br eak Resist ance 8.900, m aka I CBP akan m encoba Resist ance 9.000, 9.075 dan 9.150. I CBP dilihat I ndikat or MACD dan

St oc osc m engindikasikan pola Rever sal.

  Ent r y point : 8.775 — 8.825 Exit point : 9000 ( 2.6% ) , 9.150 ( 4.3% ) St op Loss : 8.700 ( - 0.9% ) JPFA : BUY ON W EAKN ESS JPFA belum ber hasil break Resist ance 2.020. JPFA ber peluang m enguj i Suppor t 1.960, 1.900 dan 1.850. Nam un, j ik a JPFA

ber hasil br eak Resist ance 2.020, m aka JPFA akan m encoba Resist ance 2.050, 2.090 dan 2.150. JPFA dilihat I ndikat or MACD dan

St oc osc m engindikasikan pola Oversold.

  Ent r y point : 1.960 — 1.980 Exit point : 2.050 ( 4.6% ) , 2.090 ( 6.6% ) St op Loss : 1.900 ( - 3.1% ) ^{Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 7,900 8,000 8,100 8,200 8,300 8,400 8,500 8,600 8,700 8,800 8,900 9,000 9,100 9,200 9,300 8425 8700 8800 8850 8650 8525 8950 9000 8900 9075 9150 9275 8600 ICBP - Daily 10/8/2018 4:13:00 PM Open 8800, Hi 8850, Lo 8775, Clos e 8825 (0.3%) MA(Clos e,50) = 8,773.50 8,825 8,773.5 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -100 100 ICBP - MACD(12,26) = 18.82, Signal(12,26,9) = 21.25 18.8211 21.2548 20 80 ICBP - Stoch %K(15,3) = 57.78, Stoch %D(15,3,3) = 62.22 57.7778 62.2222 ICBP - RSI(15) = 51.04 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2090 2020 1960 1900 1850 2150 2240 2270 2320 2370 2390 2210 2190 JPFA - Daily 10/8/2018 4:11:00 PM Open 1970, Hi 2010, Lo 1960, Clos e 1980 (0.5%) MA(Clos e,50) = 2,131.70 1,980 2,131.7 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct JPFA - MACD(12,26) = -37.93, Signal(12,26,9) = -21.53 150 50 100}

• ^{-37.9334 -21.5349}
^{20 80 JPFA - Stoch %K(15,3) = 8.80, Stoch %D(15,3,3) = 9.19 8.7963 9.19454 JPFA - RSI(15) = 41.21}

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