See important disclaimer at the end of this report

Friday, August 10, 2018
Volume

7,000

ID X S t a t is t ic s

JCI Index

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

6,000
5,000
4,000

3,000

C lo s ing

JCI

6,065.26

Transactio n Value Regular M arket (IDR tn)

5.994

Transactio n Vo lume Regular M arket (mn shares)

6,247

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

(3.48)

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

O t he r Indic e s

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

(65)

6,862.37

C lo s ing

LQ45

960.15

1- D a y C hg ( %)

YT D
C hg ( %)

(0.50)

(11.05)

EIDO

24.42

(0.16)

(14.10)

IDX

22.08

(0.32)

(11.11)
3.20

DOW JONES

25,509.23

(0.29)

S&P 500

2,853.58

(0.14)

6.73

NA SDA Q

7,891.78

0.04

14.32

Toda y’s M a r k e t :

FTSE

7,741.77

(0.45)

0.70

•

NIKKEI

22,598.39

(0.20)

(0.73)

HA NG SENG

I HSG diperkirakan bergerak m ixed dengan kecenderungan
m enguat . Bursa AS dit ut up m elem ah pada perdagangan
Kam is ( 09/ 08) . Harga crude oil t urun ke level USD 66.70
per barrel. Harga bat ubar a naik ke level USD 116.30 per
Mt . Rupiah bergerak m enguat st abil Dollar AS ke level I DR
14.439. 10Yr Governm ent Bonds Yield naik ke level
7.65% .

•

•

•

•

•

Dari luar negeri, China t elah m engkonfirm asi kebij akan
t arif 25% unt uk t am bahan barang- barang im por AS dengan t ot al nilai US$ 16 m iliar. Kebij akan t arif im por t ersebut akan efekt if pada t anggal 23 Agust us m endat ang bersam aan dengan berlakunya t arif AS kepada China. Barang
- barang yang akan dikenakan t arif ant ara lain bat ubara,
peralat an m edis, produk lim bah, m obil dan bus.
Dari event polit ik, Presiden Joko Widodo m engum um kan
pencalonan kem bali sebagai presiden periode 2019 - 2024
dengan Ma’ruf Am in sebagai wakil presiden. Sedangkan Prabowo m engum um kan pencalonan dirinya dengan
Sandiaga S. Uno sebagai wakil presiden.
Sehubungan dengan em it en, WI KA berencana m enerbit kan perpet ual bond dengan t ot al Rp10 t riliun dalam 5 t ahun ke depan unt uk m em perkuat ekuit as perseroan.

28,607.30

0.88

(4.38)

STRA ITS TIM ES

3,326.74

(0.40)

(2.24)

KLSE

1,804.95

0.01

0.45

C urre nc y S po t R a t e

1- D a y C hg ( %)

YT D
C hg ( %)

USD/IDR

14,439.00

0.03

6.12

EUR/IDR

16,640.61

(0.64)

2.54

JP Y/IDR

130.09

(0.11)

7.48

SGD/IDR

10,554.54

(0.29)

3.96

A UD/IDR

10,633.97

(0.77)

0.50

GB P /IDR

18,515.71

(0.31)

1.13

C o m m o dit ie s

La s t
T ra ns a c t io n

P ric e

YT D
C hg ( %)

Crude Oil (USD/barrel)

66.70

8:08:25 A M

10.39

Co al (USD/mn to ns)

116.30

8/9/2018

15.38

Natural Gas (USD/mmB tu)

2.94

8:07:50 A M

(0.44)

1,212.68

8:18:30 A M

(6.92)

Nickel (USD/mn to ns)

13,920.00

8:18:30 A M

9.09

Tins (USD/mn to ns)

19,555.00

8:18:31A M

(2.35)

2,214.00

8/9/2018

(9.41)

Go ld (USD/o unce)

CP O (M YR/mn to ns)

UNTR berencana m engakuisisi 95% saham PT Agincourt
Resources, pem ilik t am bang em as Mart abe Di Sum at era
ut ara. Transaksi t ersebut dapat m encapai US$ 917,9 j ut a .

R a t e ( ID R )

Rubber (JP Y/kg)

164.10

6:51:37 A M

(20.11)

Wheat (USD/bushel)

562.00

8:08:24 A M

31.62

Co rn (USD/bushel)

368.00

8:05:22 A M

4.92

Secara t eknikal indeks hari Jum at ( 10/ 08) , I HSG diprediksi
bergerak di kisaran 6045 - 6126.

Top BUY: EX CL, ASI I , SM SM
w w w .sina r m a sse k ur it a s.co.id

BoW : LPPF

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
China t elah m engkonfirm asi kebij akan t arif 25% unt uk t am bahan barang - barang im por AS dengan t ot al nilai US$ 16
m iliar. Kebij akan t arif im por t ersebut akan efekt if pada t anggal 23 Agust us m endat ang bersam aan dengan berlakunya t arif AS kepada China. Barang- barang yang akan dikenakan t arif ant ara lain bat ubara, peralat an m edis, produk lim bah, m obil dan bus. Source: Kont an
Presiden Joko Widodo bersam a para ket ua um um part ai polit ik koalisi m engum um kan pencalonan kem bali sebagai
presiden periode 2019 - 2024 dengan Ma’ruf Am in. Sedangkan Prabowo m engum um kan pencalonan dirinya sebagai
presiden dengan Sandiaga S. Uno sebagai wakil presiden. Source: Bisnis I ndonesia
Kem ent erian Perindust rian ( Kem perin) m engeluarkan rekom endasi im por gula m ent ah at au raw sugar unt uk kuart al
I V- 2018 sebesar 900.000 t on. Rekom endasi ini m erupakan kelanj ut an dari rekom endasi im por kuart al I I I sebesar
900.000 t on, yang sudah dit erbit kan lebih dulu. Source: Kont an
Unt uk m enghadapi krisis yang sewakt u- w akt u m uncul, I ndonesia m em iliki Jaring Pengam an Keuangan I nt ernasional
( JPKI ) set ingkat regional, bilat eral, dan m ult ilat eral dengan t ot al nilai m inim um US$112 m iliar. Source: Bisnis I ndonesia
Pem erint ah berencana unt uk m engurangi t arget penerbit an Surat Berharga Negara ( SBN) m enj adi Rp 799 t riliun dari
yang sebelum nya m encapai Rp 822,27 t riliun t ahun ini dikarenakan penurunan defisit anggaran dan j uga realisasi
ut ang pem erint ah yang sam pai saat ini t erbilang lam bat . Source: Kont an
Bank Mandiri ( BMRI ) m elalui anak usaha, PT Bank Syariah Mandiri ( BSM) pada sem est er I - 2018 m em bukukan laba
bersih sebesar Rp 260,84 m iliar. Nilai t ersebut m eningkat 44,09% dibandingkan laba pada periode sam a t ahun 2017
sebesar Rp 181,03 m iliar. Source: I nvest or Daily
Telkom I ndonesia ( TLKM) m elalui produk MAX St ream , aplikasi pada perangkat bergerak besut an Telkom sel, akan
m enayangkan gelaran Asian Gam es 2018 yang akan berlangsung di Jakart a dan Palem bang. Selain it u, aplikasi ini
akan m enghadirkan t ayangan liga sepak bola dari berbagai negara di dunia. Source: I nvest or Daily
AKR Corporindo ( AKRA) m enarget kan dist ribusi bahan bakar m inyak at au BBM pada 2018 t um buh 10% m enj adi 2,2
j ut a kilolit er ( kl) . Source: Bisnis I ndonesia
Wij aya Karya ( WI KA) berencana m enerbit kan perpet ual bond dengan t ot al Rp10 t riliun dalam 5 t ahun ke depan unt uk m em perkuat ekuit as perseroan yang diproyeksikan m enem bus Rp63 t riliun pada 2023. Source: Bisnis I ndonesia
Sarim elat i Kencana ( PZZA) m enj aga t ingkat pert um buhan penj ualan per t oko ( sam e st ore sales growt h/ SSSG) pada
level 7% sepanj ang t ahun ini. Hingga Juni 2018, PZZA t elah m em iliki 424 gerai yang t erdiri at as gerai Pizza Hut 242
gerai dan 182 gerai PHD. Source: Bisnis I ndonesia
Jasa Marga ( JSMR) opt im ist is bisa m encapai t arget operasional t ol sepanj ang sekit ar 1.000 kilom et er ( km ) hingga
akhir t ahun ini. Hingga saat ini, panj ang t ol m ilik JSMR yang sudah beroperasi m encapai 787 km . Source: Kont an
Garuda I ndonesia ( GI AA) saat ini sedang m elakukan finalisasi global syndicat e loan sebesar US$ 200 j ut a sam pai
US$ 300 j ut a unt uk m endanai kebut uhan ekspansinya. Source: Kont an
Unit ed Tract ors ( UNTR) akan m engakuisisi 95% saham PT Agincourt Resources, pem ilik t am bang em as Mart abe Di
Sum at era ut ara, akuisisi it u dilakukan m elalui anak usaha UNTR, PT Danusa Tam bang Nusant ara. Nilai t ransaksi
t ersebut m encapai US$ 917,9 j ut a. Transaksi ini berpot ensi m eningkat kan j um lah aset UNTR sebesar 5% dari sebelum nya Rp 84 t riliun per Maret 2018, j adi Rp 88,66 t riliun. Cadangan t am bang em as Mart abe t ercat at sebesar 4,7
j ut a ons em as dan 36 j ut a ons perak. Source: Kont an
Bukit Asam ( PTBA) hingga sem est er I - 2018, PTBA t elah m enyuplai bat ubara ke Grup PLN sekit ar 6 j ut a t on. Saat ini,
Bukit Asam m em asok 52% dari t ot al produksi bat ubara unt uk keperluan dom est ik, sem ent ara sisanya 48% t ot al
produksi m enyasar pasar ekspor. Source: Kont an
PT Trim it ra Propert indo siap m elepas saham m elalui penawaran um um perdana ( init ial public of fering/ I PO) sebanyak 773.300.000 unit at au ekuivalen dengan 27,69% dari m odal dit em pat kan dan diset or. Dengan harga pelaksanaan Rp 390 per saham , perseroan m engincar dana I PO sebesar Rp 301,59 m iliar. 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

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 r ic 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

790.01

3.20

20.67

16.39

3.88

3.99

7,105.73

7,105.73

2

SP X Index

2,872.87

2,417.35

179.97

6.73

22.49

17.69

3.30

3.37

25,020.11

25,020.11

3

C C M P Index

7,933.31

6,177.19

988.39

14.32

39.07

23.38

3.80

3.90

12,332.25

12,332.25

4

SP T SX Index

16,586.46

14,785.78

207.85

1.28

19.83

15.92

1.91

1.90

2,515.03

1,926.78

5

M EXB O L Index

51,620.84

44,429.36

(110.02)

(0.22)

19.72

17.36

2.65

2.71

5,958.33

319.15

3,708.82

3,261.86

(9.83)

(0.28)

18.39

14.11

1.67

1.68

2,945.67

3,404.31

E uro pe
6

SX5E Index

7

UKX Index

7,903.50

6,866.94

54.00

0.70

23.29

13.81

1.97

1.96

2,144.89

2,755.97

8

C A C Index

5,657.44

4,995.07

189.69

3.57

18.39

14.67

1.67

1.69

1,606.02

1,856.08

9

D A X Index

13,596.89

11,726.62

(241.53)

(1.87)

19.15

13.29

1.86

1.87

1,165.81

1,347.33

10

IB EX Index

10,643.40

9,327.60

(289.30)

(2.88)

15.07

12.75

1.47

1.48

609.99

704.96

11

F T SEM IB Index

24,544.26

21,122.51

(219.09)

(1.00)

28.62

11.86

1.18

1.16

511.59

591.24

12

A EX Index

576.90

505.92

27.64

5.08

18.98

15.62

1.91

1.95

682.83

789.14

13

SM I Index

9,616.38

8,372.90

(236.19)

(2.52)

24.59

16.10

2.59

2.66

1,107.92

1,117.19

6,313.60

5,639.40

232.52

3.83

17.92

16.16

2.09

2.10

1,867.75

1,380.26

A s ia / P a c if ic
14

A S51 Index

15

A S30 Index

6,398.20

5,702.20

216.29

3.51

18.90

16.17

2.00

2.01

2,034.70

1,503.64

16

SH SZ 300 Index

4,403.34

3,257.69

(633.33)

(15.71)

16.58

11.47

2.05

2.01

26,736.09

3,916.11

17

SH A SH R Index

3,757.20

2,818.06

(537.00)

(15.50)

16.86

11.18

1.80

1.78

29,625.91

4,339.39

18

SZ A SH R Index

2,140.56

1,512.40

(412.34)

(20.76)

29.07

16.82

3.12

2.95

19,064.84

2,792.48

19

H SI Index

33,484.08

26,863.71

(1,311.85)

(4.38)

13.70

11.58

1.39

1.41

18,569.96

2,365.66

20

H SC EI Index

13,962.53

10,405.46

(689.37)

(5.89)

9.14

7.89

1.05

1.09

11,857.89

1,510.60

21

SEN SEX Index

38,076.23

31,081.83

11.65

24.56

20.06

3.12

3.26

67,800.74

985.95

22

N IF T Y Index

11,495.20

9,685.55

940.00

8.93

23.83

19.57

3.12

3.25

83,289.02

1,211.18

23

J C I Index

6,693.47

5,557.56

(290.40)

(4.57)

24.31

15.65

2.52

2.61

6,862,372.86

476.12

24

LQ 45 Index

1,132.92

871.91

(119.24)

(11.05)

21.16

16.33

3.39

3.47

4,380,791.81

303.95

25

KSE100 Index

47,144.12

37,736.73

6.06

9.00

8.91

1.46

1.50

7,446.93

60.16

26

N KY Index

24,129.34

19,239.52

(166.55)

(0.73)

19.36

16.24

1.89

1.88

388,700.51

3,501.81

27

N EY Index

376.09

311.55

(12.91)

(3.61)

16.02

13.48

1.38

1.38

438,937.41

3,954.39

28

T P X Index

1,911.31

1,578.66

(77.40)

(4.26)

16.35

13.53

1.41

1.41

654,633.34

5,897.60

29

F B M KLC I Index

1,896.03

1,657.78

8.14

0.45

16.68

17.33

1.67

1.76

1,124.94

275.99

30

N Z SE Index

1,606.69

1,402.58

72.12

4.77

19.27

20.62

2.03

2.02

129.95

86.04

3,967.54

2,452.47

31

P C O M P Index

9,078.37

6,923.67

(737.71)

(8.62)

22.98

18.05

2.51

2.62

9,734.21

183.43

32

F SST I Index

3,641.65

3,176.26

(76.18)

(2.24)

11.07

13.34

1.22

1.22

562.21

411.66

33

KO SP I Index

2,607.10

2,243.90

(163.78)

(6.64)

12.75

9.09

1.05

1.04

1,488,787.07

1,328.47

34

T WSE Index

11,270.18

10,189.04

385.21

3.62

15.56

14.07

1.75

1.78

32,854.10

1,071.98

35

SET Index

1,852.51

1,556.22

(31.23)

(1.78)

18.92

15.92

2.08

2.17

17,361.73

523.02

36

SET 50 Index

1,223.67

991.42

6.49

0.57

17.52

15.87

2.26

2.38

11,995.62

361.37

37

VN IN D EX Index

1,211.34

759.01

(2.11)

18.95

16.36

2.81

2.98

3,075,340.03

132.22

(20.74)

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

-

-

6 ,1 3 3 .8 0
3 3 ,5 3 7 .1 4

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

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

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

-

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

2 .0 3

1 .6 2

4 9 ,3 7 9 .9 0

36

S R IL IJ

346

414

302

(3 4 )

(8 . 9 5 )

7 .2 6

1 .1 8

-

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

1 3 .6 1

3 .5 4

2 .7 2

1 2 ,5 7 3 .0 0

38

TL K M IJ

3 ,4 9 0

4 ,7 7 6

3 ,2 5 0

(9 0 9 )

(2 0 . 6 6 )

1 9 .6 8

1 6 .0 1

4 .7 0

3 .4 2

3 5 1 ,7 9 1 .9 9

39

TP IA IJ

5 ,2 0 0

6 ,6 7 5

4 ,1 4 0

(8 0 0 )

(1 3 . 3 3 )

2 3 .8 1

2 2 .5 5

4 .7 4

3 .6 0

9 2 ,7 3 4 .3 1

40

TR A M IJ

226

432

96

28

1 4 .1 4

-

-

1 1 ,2 1 6 .9 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

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

0 .4 9

1 0 .5 6

8 .2 7

1 .4 7

1 .1 9

1 0 ,8 0 8 .0 7

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

45

90
2
(1 8 0 )

(8 . 1 4 )

-

-

-

7 ,0 7 6 .4 5

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

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

(0.78)

0.23

1.23

(8.84)

B asic Industry

(1.09)

1.85

6.34

19.21

Trade

(0.12)

0.30

(2.30)

(6.62)

Finance

(0.07)

2.15

7.80

(3.63)

0.90

2.52

14.66

(6.49)

Co nsumer

(0.89)

(1.13)

(2.25)

(15.20)

Infrastructure

(0.60)

1.10

(2.92)

(11.55)

A griculture

(1.35)

3.87

9.13

(3.10)

M ining

(1.32)

(0.51)

6.80

31.97

J ul- 18

J un- 18

M iscellaneo us Industry

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 ( %)

14,438.00

-

(0.49)

(6.12)

USD/CNY

6.82

0.21

(3.01)

(4.61)

USD/EUR

0.87

(0.03)

1.84

4.11

USD/JP Y

110.90

0.16

0.09

USD/SGD

1.37

0.09

(0.69)

(2.23)

USD/A UD

1.36

0.07

1.23

5.95

USD/GB P

0.78

(0.03)

3.48

5.31

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

1.61

( in %)

JIB OR (in IDR)

7.26

LIB OR (in GB P )

1.05

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.52

Indo nesia 10-Year Go vernment B o nds Yield

7.65

Indo nesia 15-Year Go vernment B o nds Yield

8.02

Source: Bloomberg, Sinarmas Investment Research

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

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

5

St a t e Budge t
I NDI CAT OR

2016

2017

2018

LKPP

APBNP

RAPBN

GDP Gr owth ( % , YoY)

5,0%

5,2%

5,4%

Ex change r ate ( USD/ I DR)

13307

13300

13500

I nflation ( % , YoY)

3%

4,3%

3,5%

3 Months SPN ( % )

5,7%

5,2%

5,3%

40

45

48

I ndonesian Cr ude Oil ( USD/ bar r el)
Oil Lifting ( thousands bar r el/ day )

829

815

800

Gas Lifting ( thousands, BOE/ day )

1.18

1.15

1.2

Total State Budget ( in I DR tr illion)

1556

1714

1878

Upcom ing I PO
Co m p a n y

I PO
Pr ice
( Rp )

Bu sin e ss

I ssu e d
Sh a r e s
( Mn )

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

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

List in g

495.9

23/ 08/ 2018 - 27/ 08/ 2018

30- Aug- 18

773.3

10/ 07/ 2018 - 14/ 08/ 2018

23- Aug- 18

1981.0

25/ 07/ 2018 - 31/ 07/ 2018

07- Aug- 18

Mahk ota Gr oup Tbk

703.7

03/ 07/ 2018 - 09/ 07/ 2018

12- Jul- 18

NFC I ndonesia Tbk

166.7

03/ 07/ 2018 - 05/ 07/ 2018

12- Jul- 18

MD Pictur es Tbk

Un d e r w r it e r

D ivide nd
St o ck

D PS ( Rp )

Cu m D a t e

Ex D a t e

Re co r d in g

Pa y m e n t

XC I D

1.46

St a t u s

01/ 08/ 2018

02/ 08/ 2018

06/ 08/ 2018

21/ 08/ 2018

AKRA

120

11/ 07/ 2018

12/ 07/ 2018

16/ 07/ 2018

03/ 08/ 2018

XI SB

1.99

11/ 07/ 2018

12/ 07/ 2018

16/ 07/ 2018

18/ 07/ 2018

BMAS

8

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

C ASS

15.65

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

I NAI

30

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

ULTJ

10

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

01/ 08/ 2018

BATA

5.55

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

27/ 07/ 2018

C SAP

4

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

Right s I ssu e
T ick e r
MAYA

Ra t io
1

:

6

Pr ice ( Rp )

Cu m Da t e

EX Da t e

T r a d in g

2,200

24/ 09/ 2018

25/ 09/ 2018

01/ 10/ 2018 - 05/ 10/ 2018

BBKP

3

:

10

570

06/ 07/ 2018

09/ 07/ 2018

13/ 07/ 2018 - 25/ 07/ 2018

PEGE

3

:

1

100

06/ 07/ 2018

09/ 07/ 2018

13/ 07/ 2018 - 19/ 07/ 2018

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

Pick s of Th e D a y
EXCL - Daily 8/9/2018 4:13:00 PM Open 3050, Hi 3170, Lo 3050, Clos e 3160 (3.6%) MA(Clos e,50) = 2,609.80
4,000
3,800

3,600

3,400
3370
3300
3250
3160
3030
2960
2850
2800
2740
2660
2600

3,200
3,160
3,000

2,800
2,609.8
2,600

2,400

2,200
2,000

1,800
Aug
Sep
Oct
Nov
EXCL - MACD(12,26) = 109.64, Signal(12,26,9) = 91.98

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
109.635
100
91.9824
0
-100

Aug
Sep
Oct
Nov
EXCL - Stoch %K(15,3) = 94.03, Stoch %D(15,3,3) = 76.54

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

-200

Aug

94.0276
76.537 80

20

EXCL : TRAD I N G BUY
EXCL berhasil break Resist ance 3.160, EXCL berpeluang m elanj ut kan penguat an dan m enguj i Resist ance 3.210, 3.250 dan 3.300
dalam j angka pendek. Nam un, j ika EXCL gagal break Resistance 3.210 m aka EXCL akan m encoba Support 3.160, 3.080 dan
3.030. EXCL dilihat I ndikat or MACD dan St oc Osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 7.325 — 7.425
: 7.600 ( 3.8% ) , 7.700 ( 5.1% )
: 7.200 ( - 1.7% )

ASII - Daily 8/9/2018 4:05:00 PM Open 7300, Hi 7525, Lo 7300, Clos e 7500 (1.0%) MA(Clos e,50) = 6,816.50
8,800
8,600
8,400
8,200
8,000
7825
7700
7600
7500
7425

7,800
7,600
7,500
7,400

7325
7200
7050

7,200
7,000

6950
6,816.5
6,800
6,600
6,400
6,200
Aug
Sep
Oct
Nov
ASII - MACD(12,26) = 204.95, Signal(12,26,9) = 142.61

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
204.945
200
142.61
100
0
-100
-200

Aug
Sep
Oct
Nov
ASII - Stoch %K(15,3) = 91.92, Stoch %D(15,3,3) = 87.57

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
91.9156
87.568 80

20

ASI I : TRAD I N G BUY
ASI I berhasil break Resist ance 7.500, ASI I berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 7.600, 7.700 dan
7.825, Nam un, j ika ASI I gagal break Resist ance 7.600 m aka ASI I akan m encoba Support 7.425, 7.325 dan 7.200. ASI I dilihat
I ndikator MACD dan St oc osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 7.450 — 7.500
: 7.600 ( 2.0% ) , 7.700 ( 3.4% )
: 7.325 ( - 1.7% )

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

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

Pick s of Th e D a y
LPPF - Daily 8/9/2018 4:13:00 PM Open 6600, Hi 6675, Lo 6425, Clos e 6500 (0.0%) MA(Clos e,50) = 8,528.00

14,000
13,500
13,000
12,500
12,000
11,500
11,000
10,500
10,000
9,500
9,000
8,528
8,500
8,000
7,500
7150
6950
6800
6250
6025

7,000
6,500
6,500
6,000
5,500

Aug
Sep
Oct
Nov
LPPF - MACD(12,26) = -570.69, Signal(12,26,9) = -310.86

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
500

0
-310.862
-500
-570.688
Aug
Sep
Oct
Nov
LPPF - Stoch %K(15,3) = 10.44, Stoch %D(15,3,3) = 6.34

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
80

20
10.4433

LPPF : BUY ON W EAKN ESS
LPPF belum berhasil break Trendline 6.750, LPPF berpeluang m enguj i Support 6.425, 6.300 dan 6.225. Nam un, j ika LPPF berhasil
break Trendline 6.750,m aka LPPF akan m encoba Resist ance 6.950, 7.050 dan 7.150. LPPF dilihat I ndikat or St oc osc
m engindikasikan pola Downt rend.
Ent ry point
Exit point
St op Loss

: 6.425 — 6.500
: 6750 ( 5.1% ) , 6.950 ( 8.2% )
: 6.300 ( - 1.9% )

SMSM - Daily 8/9/2018 4:07:00 PM Open 1305, Hi 1330, Lo 1305, Clos e 1325 (1.5%) MA(Clos e,50) = 1,378.70

1,650

1,600

1,550

1,500

1,450
1415
1385
1370
1340
1320
1310
1295

1,400
1,378.7
1,350
1,325
1,300

1270
1,250

1,200

1,150

1,100

1,050
Aug
Sep
Oct
Nov
SMSM - MACD(12,26) = -22.09, Signal(12,26,9) = -27.19

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug
40
20
0

Aug
Sep
Oct
Nov
SMSM - Stoch %K(15,3) = 42.80, Stoch %D(15,3,3) = 34.92

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

-22.0888
-20
-27.1903
-40
80
42.7994
34.915
20

SM SM : TRAD I N G BUY
SM SM berhasil break Resist ance 1.320, SMSM berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 1.340, 1.370 dan
1.385 dalam j angka pendek. Nam un, j ika SM SM gagal berhasil break Resist ance 1.340 m aka SMSM akan m encoba Support 1.310,
1.295 dan 1.270. SM SM dilihat I ndikat or Stoc osc dan MACD m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 1.320 — 1.325
: 1.370 ( 3.8% ) , 1.385 ( 4.9% )
: 1.295 ( - 1.9% )

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

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

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

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
will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates,
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
arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view
and are subject to change without notice. For further information please contact our number +62 21 392 5550 or fax +62 21 392 2320.