See important disclaimer at the end of this report
Monday, September 24, 2018
ID X Statistics
7,000
Volume
JCI Index
20,000
C lo sing
JCI
5,957.74
Transaction Value Regular M arket (IDR tn)
6,000
15,000
5,000
10,000
4,000
5,000
8.748
Transaction Volume Regular M arket (mn shares)
8,631
Foreign Net Buy (Sell) (IDR bn)
1,127
Foreign Net Buy (Sell)
(3.80)
Total M arket Capitalization (IDR tn)
6,738.92
0
3,000
Other Indices
I HSG n a ik se b a n ya k 2 6 .5 p o in (0 .4 5 % ) ke le ve l 5 9 5 7 .7 4 .
Se m e n t a ra LQ4 5 n a ik se b a n ya k 4 .8 p o in (0 .5 1 % ) ke le ve l
9 4 3 .4 2 . Fo re ig n n e t b u y se b e sa r Rp 1 1 2 6 .9 9 m ilia r.
C lo sing
1-D ay C hg (%)
YT D
C hg (%)
LQ45
943.42
0.51
(12.60)
EIDO
23.23
(0.30)
(18.29)
IDX
21.08
(0.05)
(15.14)
26,743.50
0.32
8.19
S&P 500
2,929.67
(0.04)
9.58
NASDAQ
7,986.96
(0.51)
15.70
DOW JONES
Toda y’s M a r k e t :
FTSE
7,490.23
1.67
(2.57)
•
NIKKEI
23,869.93
0.82
4.85
HANG SENG
I HSG diperkirakan bergerak m enguat . Bursa AS dit ut up
m elem ah pada perdagangan Jum at ( 21/ 09) . Harga crude
oil naik ke level USD 71.52 per barrel. Harga bat ubara st abil di level USD 113.45 per Mt . Harga Nickel naik 4,76%
ke level USD 13,262.5 per t on. Rupiah bergerak st abil t erhadap Dollar AS ke level Rp 14.820. 10Yr Governm ent
Bonds Yield t urun ke level 8.12% .
•
•
•
•
Dari dalam negeri, Bank I ndonesia ( BI ) akan m enggelar
Rapat Dewan Gubernur ( RDG) pada 26 - 27 Sept em ber
2018, sebagai ant isipasi pert em uan Federal Open Market
Com m it t e ( FOMC) Am erika Serikat ( AS) pada 25 - 26 Sept em ber.
Sehubungan dengan em it en, Jasa Marga ( JSMR) akan
m endapat kan kom pensasi dari pem erint ah unt uk j alan t ol
yang I RR nya belum kem bali ke perhit ungan awal sebagai
bent uk subsidi penurunan t arif t ol.
27,953.58
1.73
(6.57)
STRAITS TIM ES
3,217.68
1.17
(5.44)
KLSE
1,810.64
0.38
0.77
C urrency Spo t R ate
Secara t eknikal indeks har i Senin ( 24/ 09) , I HSG diprediksi
bergerak di kisaran 5936 - 5996.
Top BUY: BBRI , BBTN , AN TM , TBI G
w w w .sina r m a sse k ur it a s.co.id
1-D ay C hg (%)
YT D
C hg (%)
USD/IDR
14,820.00
0.00
8.52
EUR/IDR
17,404.65
(0.53)
6.84
JPY/IDR
131.78
(0.13)
8.64
SGD/IDR
10,870.25
(0.14)
6.68
AUD/IDR
10,782.97
(0.41)
1.88
GBP/IDR
19,402.14
(1.51)
5.61
C o mmo dities
Coal (USD/mn tons)
Natural Gas (USD/mmBtu)
Gold (USD/ounce)
Last
T ransactio n
P rice
Crude Oil (USD/barrel)
Sehubungan dengan em it en, Adaro Energy ( ADRO) m enj aj aki akuisisi perusahaan pengelola pem bangkit list rik
t enaga uap ( PLTU) di sej um lah negara di kawasan Asia
Tenggara. Perseroan t ert arik unt uk m em beli PLTU yang
sudah berproduksi ( brownfield) .
R ate (ID R )
YT D
C hg (%)
71.52
7:59:06 AM
18.37
113.45
9/21/2018
12.55
2.96
7:57:58 AM
0.20
1,197.01
8:09:06 AM
(8.12)
Nickel (USD/mn tons)
13,075.00
8:04:10 AM
2.47
Tins (USD/mn tons)
19,000.00
9/21/2018
(5.12)
2,116.00
9/21/2018
(13.42)
CPO (M YR/mn tons)
Rubber (JPY/kg)
145.00
4:37:21PM
(27.51)
Wheat (USD/bushel)
521.25
7:58:29 AM
22.07
Corn (USD/bushel)
356.50
7:56:37 AM
1.64
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 ) akan m enggelar Rapat Dewan Gubernur ( RDG) pada 26 - 27 Sept em ber 2018, sebagai ant isipasi
pert em uan Federal Open Market Com m it t e ( FOMC) Am erika Serikat ( AS) pada 25 - 26 Sept em ber. Source: Kont an
Pem erint ah m enj am in bahwa depresiasi nilai t ukar rupiah t erhadap dolar AS t idak akan m engganggu kewaj iban
pem bayaran cicilan ut ang luar negeri. Sebab, Kem ent rian Keuangan ( Kem enkeu) sudah m engat ur agar pem bayaran
cicilan t idak t erkonsent rasi pada bulan t ert ent u. Sour ce: I nvest or Daily
Direkt ur Pem asaran Ret ail Pert am ina, Mas’ud Kham id m enj elaskan di beberapa t erm inal BBM t idak bisa opt im al
m em produksi B20 karena kekurangan pasokan dari produsen Fat t y Acid Met hyl Est er ( FAME) . Hingga 15 Sept em ber
2018, Pert am ina t elah m enggunakan FAME sebagai bahan cam puran solar pada kisaran 159.988 kilolit er at au sekit ar
39% dari alokasi bulanan Source: Bisnis I ndonesia
Kem ent rian Keuangan ( Kem enkeu) m em perkirakan, pert um buhan ekonom i I ndonesia pada t riwulan I I I - 2018 berada
di kisaran 5,13% - 5,25% . Sem ent ara pert um buhan ekonom i sepanj ang t ahun ini bakal m encapai 5,2% . Konsum si
rum ah t angga disebut m asih m enj adi pendukung ut am a pert um buhan ekonom i it u. Source: I nvest or Daily
Kem ent rian Kelaut an dan Perikanan ( KKP) opt im ist is ekspor produk perikanan nasional t ahun ini m elam paui US$ 5
m iliar, at au naik sekit ar 11% dari realisasi 2017 yang sebesar US$ 4,52 m iliar. Selain m elakukan diplom asi penanganan ham bat an ekspor dan penur unan t arif bea m asuk ( BM) produk perikanan, KKP j uga m enerapkan m arket int elligence guna m encapai t arget ekspor yang dit et apkan. Saat ini, KKP j uga m endorong para eksport ir unt uk m em anfaat kan perang dagang ant ara AS dan Tiongkok dengan m em asok lebih banyak produk perikanan ke pasar AS.
Source: I nvest or Daily
Ket ua Um um Him punan Penyewa Pusat Belanj a I ndonesia ( Hippindo) Budihardj o I duansj ah m em perkirakan pert um buhan penj ualan rit el saat Nat al dan Tahun Bar u kali ini dapat m encapai 10% dari realisasi t ahun lalu senilai Rp50
t riliun. Source: Bisnis I ndonesia
Kepala Depart em en Pengelolaan Monet er Bank I ndonesia ( BI ) Nanang Hendarsah opt im ist is, penguat an nilai t ukar
rupiah akan berlanj ut di t engah t ren pelem ahan dolar Am erika Serikat ( AS) dalam skala global, yang m em buat kepercayaan invest or asing m ulai m em baik. Source: I nvest or Daily
Realisasi belanj a m odal pem erint ah hingga akhir Agust us 2018 m enurut cat at an Kem ent erian Keuangan ( Kem keu) ,
sebesar Rp 70,7 t riliun ( - 5,7% YoY) . Penurunan realisasi belanj a m odal pem erint ah dipengaruhi oleh banyaknya usulan kegiat an infrast rukt ur Kem ent erian Pekerj aan Um um dan Perum ahan Rakyat ( PUPR) dengan j angka wakt u lebih
dari sat u t ahun at au m ult i years. Source: Kont an
Ot orit as Jasa Keuangan ( OJK) m asih opt im ist is pert um buhan kredit indust ri perbankan sam pai akhir t ahun ini m encapai 12% secara t ahunan ( year on year/ yoy) , seiring dengan penyaluran kredit yang cenderung m eningkat .
Source: I nvest or Daily
Kem ent rian Energi dan Sum ber Daya Mineral ( ESDM) m enyat akan penyerapan bat u bara dalam negeri ( dom est ic
m arket obligat ion/ DMO) hingga Agust us kem arin m encapai 97,79 t on. Mayorit as bat u bara t ersebut diserap oleh
pem bangkit list rik t enaga uap ( PLTU) . Source: I nvest or Daily
Di bawah bayang- bayang eskalasi perang dagang ant ara Am erika Serikat ( AS) dan Tiongkok, The Federal Reserve
( The Fed) pekan ini akan m enaikkan suku bunga acuan unt uk ket iga kalinya t ahun ini. The Fed dianggap dapat m enj adi lebih agresif at au haw kish karena har us m encegah inflasi naik t erlalu cepat , supaya t idak m engham bat pert um buhan ekonom i AS yang sedang kuat kuat nya. Source: I nvest or Daily
Bank Bukopin ( BBKP) berencana unt uk m engeluarkan saham baru dalam rangka m anagem ent and em ployee st ock
opt ions program ( MESOP) m aksim al 347,4 j ut a saham . Seiring dengan penerbit an saham baru dalam rangka MESOP
ini, m aka akan ada efek dilusi t erhadap pem egang saham yait u 2,9% . 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
D a ily Cor por a t e a nd I n du st r y N e w s
CI MB Niaga ( BNGA) m em angkas t arget penerbit an obligasi berkelanj ut an I I t ahap I V m enj adi Rp 1,02 t riliun, dibandingkan proyeksi sem ula senilai Rp 1,25 t riliun. Pem angkasan t arget ini dipicu at as besaran kupon yang diinginkan pasar t idak bisa dipenuhi perusahaan. Source: I nvest or Daily
Adaro Energy ( ADRO) m enj aj aki akuisisi perusahaan pengelola pem bangkit list rik t enaga uap ( PLTU) di sej um lah
negara di kawasan Asia Tenggara. Perseroan t ert arik unt uk m em beli PLTU yang sudah berproduksi ( brownfield) .
Source: I nvest or Daily
Jasa Marga ( JSMR) akan m endapat kan kom pensasi dari pem erint ah unt uk j alan t ol yang I RR nya belum kem bali ke
perhit ungan awal sebagai bent uk subsidi penurunan t arif t ol. Source: Bisnis I ndonesia
Telekom unikasi I ndonesia ( TLKM) m elalui anak usahanya, Met ranet , m enj alin kerj asam a dengan PT Oona Media I ndonesia ( OMI ) yang m erupakan anak usaha NFC I ndonesia ( NFCX) . Dalam kerj asam a ini OMI bert indak sebagai
pengem bang plat form TV m obile, sedangkan Met ranet m engurusi j aringan, dist ribusi kanal, hingga pengem bangan
pasar. Source: Kont an
Aneka Gas I ndust ri ( AGI I ) m enarget kan ekspansi st asiun pengisian gas sebesar 100 st asiun. Selam a Sept em ber ini,
Aneka Gas m em buka sat u st asiun pengisian gas, dengan begit u AGI I m em iliki t ot al 96 st asiun pengisian gas yang
t ersebar di sej um lah provinsi. Sat u st asiun pengisian gas m em but uhkan biaya invest asi US$ 1 j ut a. Ekspansi st asiun
pengisian gas m em anfaat kan alokasi dana belanj a m odal alias capit al expendit ure ( capex) senilai Rp 150 m iliar
hingga Rp 200 m iliar sepanj ang t ahun ini. Source: Kont an
Medco Energi I nt ernasional ( MEDC) berencana unt uk m enawarkan Obligasi Berkelanj ut an I I I Tahap I I Tahun 2018
dengan nilai em isi Rp 1,25 t riliun. MEDC akan m enggunakan dana perolehan obligasi unt uk m em bayar sebagian
ut ang yang akan j at uh t em po dalam wakt u dekat . Source: Kont an
Merdeka Copper Gold ( MDKA) berencana unt uk m elanj ut kan penawaran um um t erbat as ( PUT) I I m elalui right s issue
pada t ahun depan, set elah m endapat kan perset uj uan dari pem egang saham . Awalnya MDKA berencana unt uk right
issue senilai US$150j ut a. Nam un, pada t ahap pert am a berhasil m engant ongi pendanaan Rp1,3 t riliun at au set ara
dengan US$90 j ut a. Source: Bisnis I ndonesia
Holding Perkebunan Nusant ara PTPN I I I ( Persero) at au PTPN Holding t erus m enggenj ot penj ualan ekspor kom odit as
m inyak sawit m ent ah ( cr ude palm oil/ CPO) dan kar et pada t ahun ini. Di t engah m enguat nya nilai t ukar dolar AS,
kegiat an ekspor t ersebut akan m enam bah pendapat an perseroan dan m em bant u pem erint ah dalam m eningkat kan
hasil devisa negara. Source: I nvest or Daily
Express Transindo ( TAXI ) m elakukan penundaan pem bayaran bunga ke- 17 unt uk Obligasi I Express Transindo t ahun
2014. Menurut ket erangan KSEI disebut kan, pem bayaran bunga ke- 17 t ersebut seharunya dilaksanakan paa 24 Sept em ber 2018 ini dim ana penundaan dilakukan karena dana belum efekt if di rekening KSEI sesuai j adwal yang t elah
dilaksanakan. Source: I QPlus
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
%
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
26,769.16
22,219.11
2,024.28
8.19
20.72
17.12
3.88
4.00
7,408.83
7,408.83
2
SP X Index
2,940.91
2,488.03
256.06
9.58
22.51
18.14
3.30
3.33
25,673.36
25,673.36
3
C C M P Index
8,133.30
6,343.96
1,083.57
15.70
40.69
23.84
3.80
3.76
12,487.71
12,487.71
4
SP T SX Index
16,586.46
14,785.78
15.00
0.09
19.81
15.68
1.91
1.87
2,489.08
1,926.98
5
M EXB O L Index
51,121.23
44,429.36
(10.13)
(0.02)
19.72
17.20
2.65
2.62
6,010.88
319.05
13.95
1.67
1.66
2,887.25
3,390.21
E uro pe
6
SX5E Index
3,708.82
3,261.86
(73.15)
(2.09)
18.41
7
UKX Index
7,903.50
6,866.94
(197.54)
(2.57)
23.26
13.51
1.97
1.98
2,089.73
2,734.00
8
C A C Index
5,657.44
5,038.12
181.61
3.42
18.43
14.66
1.67
1.68
1,602.72
1,881.91
9
D A X Index
13,596.89
11,726.62
(486.76)
(3.77)
19.19
13.28
1.86
1.84
1,141.63
1,340.50
10
IB EX Index
10,643.40
9,111.10
(453.50)
(4.52)
15.07
12.55
1.47
1.46
599.76
704.24
11
F T SEM IB Index
24,544.26
20,236.27
(316.60)
(1.45)
559.35
11.78
1.18
1.22
508.33
596.88
12
A EX Index
576.90
515.96
5.21
0.96
18.84
14.93
1.91
1.87
673.69
791.05
13
SM I Index
9,616.38
8,372.90
(386.49)
(4.12)
24.59
15.89
2.59
2.58
1,088.46
1,134.88
6,373.50
5,649.10
129.43
2.13
17.95
15.96
2.08
2.03
1,849.17
1,346.38
A s ia / P a c if ic
14
A S51 Index
15
A S30 Index
6,481.30
5,709.70
138.16
2.24
18.90
16.01
2.00
1.95
2,006.31
1,460.79
16
SH SZ 300 Index
4,403.34
3,191.40
(620.37)
(15.39)
16.47
11.67
2.05
2.05
27,090.17
3,947.57
17
SH A SH R Index
3,757.20
2,769.10
(533.74)
(15.41)
16.86
11.12
1.80
1.70
29,923.52
4,360.44
18
SZ A SH R Index
2,140.56
1,438.39
(475.56)
(23.94)
29.07
16.56
3.12
3.03
18,493.72
2,694.90
19
H SI Index
33,484.08
26,219.56
(1,965.57)
(6.57)
13.71
11.42
1.39
1.41
18,215.00
2,332.27
20
H SC EI Index
13,962.53
10,196.71
(682.17)
(5.83)
9.18
8.26
1.05
1.10
11,613.70
1,487.03
21
SEN SEX Index
38,989.65
31,081.83
8.18
24.56
19.68
3.12
2.98
66,620.05
921.50
22
N IF T Y Index
11,760.20
9,687.55
612.40
5.82
23.85
19.25
3.12
2.98
81,713.35
1,130.28
23
J C I Index
6,693.47
5,557.56
(397.91)
(6.26)
24.37
15.58
2.58
2.55
6,738,922.50
453.77
24
LQ 45 Index
1,132.92
871.91
(135.96)
(12.60)
21.16
16.22
3.39
3.36
4,298,073.60
289.41
25
KSE100 Index
47,144.12
37,736.73
848.65
2.10
8.99
8.60
1.46
1.40
7,236.16
58.77
26
N KY Index
24,129.34
20,213.66
1,104.99
4.85
19.37
16.78
1.89
1.96
405,931.39
3,605.39
27
N EY Index
376.09
323.31
1.90
0.53
16.06
13.99
1.38
1.43
457,194.53
4,060.70
2,784.77
28
T P X Index
1,911.31
1,645.16
(13.54)
(0.74)
16.34
13.90
1.41
1.46
678,582.72
6,027.02
29
F B M KLC I Index
1,896.03
1,657.78
13.83
0.77
16.69
17.61
1.67
1.69
1,127.91
272.88
30
N Z SE Index
1,652.90
1,405.84
132.94
8.80
19.27
21.94
2.03
2.04
135.00
90.13
31
P C O M P Index
9,078.37
6,923.67
(1,175.42)
(13.73)
22.98
17.15
2.51
2.41
9,288.83
171.33
32
F SST I Index
3,641.65
3,102.73
(185.24)
(5.44)
11.07
12.96
1.22
1.22
542.30
397.29
33
KO SP I Index
2,607.10
2,218.09
(128.32)
(5.20)
12.69
9.33
1.05
1.07
1,512,881.41
1,356.50
34
T WSE Index
11,270.18
10,189.04
329.55
3.10
15.55
14.09
1.75
1.77
32,562.84
1,062.62
35
SET Index
1,852.51
1,584.68
2.41
0.14
18.90
16.33
2.08
2.13
17,709.34
545.54
36
SET 50 Index
1,223.67
1,043.32
24.40
2.15
17.52
16.07
2.26
2.30
12,187.46
375.44
37
VN IN D EX Index
1,211.34
795.05
18.73
1.90
19.00
17.17
2.81
2.82
3,207,027.71
137.46
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 )
2 1 -S e p -1 8
H IG H
LOW
1
A D H I IJ
1 ,3 8 0
2 ,5 1 0
1 ,3 2 0
2
A D R O IJ
1 ,8 8 0
2 ,6 5 0
1 ,5 7 5
3
A K R A IJ
3 ,5 9 0
8 ,0 2 5
3 ,2 2 0
4
A N TM IJ
820
1 ,0 1 5
600
5
A S II IJ
7 ,2 5 0
8 ,7 5 0
6 ,1 0 0
P O IN T
(5 0 5 )
20
(2 , 7 6 0 )
195
(1 , 0 5 0 )
%
(2 6 . 7 9 )
1 .0 8
(4 3 . 4 6 )
3 1 .2 0
(1 2 . 6 5 )
2017
2018E
2017
2018E
1 3 .0 2
6 .1 1
1 .1 5
0 .7 5
9 .0 6
8 .4 4
1 .2 6
1 .0 9
2 8 .1 1
1 3 .3 7
3 .3 7
1 .6 9
2 6 .5 6
0 .8 1
1 .0 6
1 7 .8 3
1 3 .9 2
2 .7 2
2 .1 4
-
6
B B C A IJ
2 3 ,7 0 0
2 5 ,4 7 5
1 9 ,6 0 0
2 3 .1 7
2 2 .6 2
4 .1 1
3 .8 8
7
B B N I IJ
7 ,6 5 0
1 0 ,1 7 5
6 ,7 5 0
(2 , 2 5 0 )
(2 2 . 7 3 )
1 3 .5 6
9 .2 5
1 .8 7
1 .3 2
8
B B R I IJ
3 ,1 2 0
3 ,9 2 0
2 ,7 2 0
(5 2 0 )
(1 4 . 2 9 )
1 5 .3 4
1 1 .8 5
2 .6 7
2 .0 6
1 ,8 0 0
8 .2 2
9
B B TN IJ
2 ,6 8 0
3 ,8 9 0
2 ,1 1 0
(8 9 0 )
(2 4 . 9 3 )
1 2 .4 9
8 .3 3
1 .7 5
1 .1 4
10
B J B R IJ
2 ,0 3 0
2 ,7 5 0
1 ,7 9 5
(3 7 0 )
(1 5 . 4 2 )
1 9 .2 0
1 3 .0 0
2 .3 1
1 .8 8
11
B M R I IJ
6 ,8 5 0
9 ,0 5 0
6 ,2 0 0
(1 , 1 5 0 )
(1 4 . 3 8 )
1 8 .0 9
1 2 .5 5
2 .2 4
1 .7 6
12
B M TR IJ
412
755
378
(1 7 8 )
(3 0 . 1 7 )
0 .8 8
-
13
B R P T IJ
1 ,8 5 0
2 ,7 2 0
1 ,5 1 0
(4 1 0 )
(1 8 . 1 4 )
3 0 .0 0
-
1 5 .5 7
-
2 .1 6
1 .2 3
14
B S D E IJ
1 ,1 6 0
1 ,9 6 5
1 ,0 8 0
(5 4 0 )
(3 1 . 7 6 )
6 .6 1
8 .4 3
1 .2 9
0 .8 0
15
B U M I IJ
222
356
16
EX C L IJ
17
G G R M IJ
7 5 ,0 2 5
18
H M S P IJ
19
IC B P IJ
20
IN C O IJ
166
(4 8 )
(1 7 . 7 8 )
2 .5 7
2 .4 9
-
-
1 ,7 1 0
(1 1 0 )
(3 . 7 2 )
8 5 .1 6
7 6 .8 5
1 .4 6
1 .3 8
8 6 ,4 0 0
6 1 ,9 2 5
(8 , 7 7 5 )
(1 0 . 4 7 )
2 0 .8 0
1 7 .1 1
3 .8 2
3 .1 3
3 ,9 0 0
5 ,5 5 0
3 ,2 3 0
(8 3 0 )
(1 7 . 5 5 )
4 3 .5 4
3 4 .4 3
1 6 .1 3
1 2 .8 9
8 ,9 5 0
9 ,2 7 5
7 ,9 0 0
50
0 .5 6
2 7 .3 1
2 4 .8 4
5 .3 1
4 .8 1
3 ,6 6 0
4 ,7 2 0
2 ,5 1 0
770
2 6 .6 4
3 0 .8 1
1 .1 6
1 .2 8
2 ,8 5 0
-
21
IN D F IJ
6 ,0 7 5
8 ,6 7 5
5 ,8 5 0
(1 , 5 5 0 )
(2 0 . 3 3 )
1 6 .1 8
1 2 .1 4
2 .1 5
1 .5 7
22
IN D Y IJ
2 ,8 1 0
4 ,6 3 0
1 ,8 3 0
(2 5 0 )
(8 . 1 7 )
3 .5 0
4 .9 8
1 .2 7
0 .9 9
23
IN TP IJ
1 6 ,9 0 0
2 3 ,9 5 0
1 2 ,5 0 0
(5 , 0 5 0 )
(2 3 . 0 1 )
4 3 .4 5
4 5 .4 2
3 .2 9
2 .5 4
24
J S M R IJ
4 ,3 5 0
6 ,7 7 5
3 ,9 2 0
(2 , 0 5 0 )
(3 2 . 0 3 )
2 1 .1 1
1 6 .3 7
3 .0 8
1 .9 0
25
K L B F IJ
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 .5 2
5 .9 6
4 .1 5
26
L P K R IJ
338
755
314
(1 5 0 )
(3 0 . 7 4 )
1 8 .0 9
9 .8 4
0 .4 9
0 .3 6
27
L P P F IJ
6 ,6 7 5
1 1 ,9 7 5
5 ,5 2 5
(3 , 3 2 5 )
(3 3 . 2 5 )
1 5 .2 9
9 .8 1
1 2 .5 3
5 .2 9
28
M N C N IJ
860
1 ,6 9 0
805
(4 2 5 )
(3 3 . 0 7 )
1 1 .7 8
7 .8 6
1 .8 6
1 .1 9
29
M YR X IJ
131
198
101
21
1 9 .0 9
-
-
30
P G A S IJ
2 ,0 3 0
2 ,8 6 0
1 ,3 6 5
280
1 6 .0 0
2 0 .7 7
1 3 .6 7
0 .9 9
1 .0 4
31
P TB A IJ
4 ,1 7 0
4 ,9 4 0
1 ,8 1 0
1 ,7 1 0
6 9 .5 1
5 .7 9
8 .9 9
1 .9 1
2 .7 7
1 ,5 8 0
3 ,2 8 0
1 ,4 6 5
(1 , 0 6 0 )
(4 0 . 1 5 )
1 1 .2 6
5 .6 7
1 .4 3
0 .7 6
510
725
490
(1 7 5 )
(2 5 . 5 5 )
1 7 .6 2
1 1 .1 7
3 .2 0
2 .0 2
(2 3 . 3 9 )
2 7 .2 4
1 6 .9 8
9 .3 0
5 .4 4
2 7 .6 4
2 .0 3
1 .8 3
-
-
32
P TP P IJ
33
P W O N IJ
34
S C M A IJ
1 ,9 0 0
2 ,9 8 0
1 ,7 6 5
(5 8 0 )
35
S M G R IJ
9 ,3 0 0
1 1 ,7 7 5
6 ,5 0 0
(6 0 0 )
(6 . 0 6 )
2 9 .1 4
36
S R IL IJ
344
414
302
(3 6 )
(9 . 4 7 )
7 .2 6
37
S S M S IJ
1 ,2 2 0
1 ,5 5 0
1 ,0 0 5
(2 8 0 )
(1 8 . 6 7 )
1 7 .9 2
38
TL K M IJ
3 ,6 0 0
4 ,7 0 7
3 ,2 5 0
(7 9 9 )
(1 8 . 1 6 )
39
TP IA IJ
5 ,0 2 5
6 ,6 7 5
4 ,6 4 0
(9 7 5 )
(1 6 . 2 5 )
40
TR A M IJ
254
432
122
41
U N TR IJ
3 3 ,3 0 0
4 0 ,5 0 0
2 9 ,9 2 5
(2 , 1 0 0 )
(5 . 9 3 )
1 7 .8 4
1 2 .1 1
2 .9 1
2 .3 8
42
U N V R IJ
4 7 ,0 7 5
5 8 ,1 0 0
4 0 ,4 0 0
(8 , 8 2 5 )
(1 5 . 7 9 )
6 0 .8 9
4 6 .8 1
8 2 .4 4
5 9 .2 9
43
W IK A IJ
1 ,4 1 0
2 ,1 9 0
1 ,2 1 0
(1 4 0 )
(9 . 0 3 )
1 1 .5 5
8 .5 2
1 .1 0
0 .8 9
44
W S B P IJ
358
510
336
(5 0 )
(1 2 . 2 5 )
1 0 .5 6
7 .5 6
1 .4 7
1 .0 4
W S K T IJ
1 ,7 3 5
3 ,1 5 0
1 ,6 8 0
(4 7 5 )
(2 1 . 4 9 )
7 .3 8
5 .4 4
2 .1 4
1 .3 5
45
56
2 8 .2 8
1 .1 8
-
1 3 .6 3
3 .5 4
2 .5 5
1 9 .6 8
1 6 .7 8
4 .7 0
3 .5 4
2 3 .8 1
2 8 .2 0
4 .7 4
3 .4 1
-
-
-
-
-
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 ( %)
(0.23)
(2.25)
(6.20)
(15.04)
1.39
2.74
(0.78)
19.26
P ro perty
B asic Industry
Trade
0.96
0.55
(2.40)
(9.95)
Finance
0.74
0.66
(1.31)
(5.71)
(2.63)
0.66
(1.39)
(10.29)
0.56
0.08
3.68
(12.93)
(0.22)
(0.74)
3.79
(13.22)
0.11
(2.43)
(2.93)
(1.89)
1.93
(1.50)
22.59
A ug- 18
J ul- 18
M iscellaneo us Industry
Co nsumer
Infrastructure
A griculture
M ining
0.93
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 %)
2.13
3.61
Inflatio n Yo Y (in %)
3.20
3.18
-0.05
0.28
117.90
118.31
Inflatio n M o M (in %)
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 ( %)
14,817.00
-
(1.64)
(8.52)
USD/CNY
6.86
(0.15)
(0.14)
(5.11)
USD/EUR
0.85
0.05
(1.05)
2.22
USD/JP Y
112.60
(0.01)
(1.21)
0.08
USD/SGD
1.37
(0.11)
0.01
(2.16)
USD/A UD
1.37
0.17
0.69
7.30
USD/GB P
0.76
(0.01)
(1.77)
3.27
Le nding a nd D e po s it R a t e s
( in %)
JIB OR (in IDR)
7.38
LIB OR (in GB P )
1.06
SIB OR ( in USD)
1.46
Indo nesia 5-Year Go vernment B o nds Yield
8.05
Indo nesia 10-Year Go vernment B o nds Yield
8.12
Indo nesia 15-Year Go vernment B o nds Yield
8.48
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 )
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
BMRI - Daily 9/21/2018 4:14:00 PM Open 6750, Hi 6950, Lo 6725, Clos e 6850 (2.6%) MA(Clos e,50) = 6,714.50
9,000
8,800
8,600
8,400
8,200
8,000
7,800
7,600
7400
7,400
7225
7,200
7100
7,000
6975
6850
6700
Sep
Oct
Nov
Dec
BMRI - MACD(12,26) = -55.27, Signal(12,26,9) = -70.98
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
6,850
6,800
6,714.5
6,600
6550
6450
6,400
6263.79
6,200
Sep
200
100
-55.2704 0
-100
-70.9804
-200
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
-300
Sep
BMRI - Stoch %K(15,3) = 56.16, Stoch %D(15,3,3) = 38.59
98.0683
80
56.1616
38.5859
20
BMRI - RSI(15) = 54.27
BM RI : TRAD I N G BUY
BM RI berhasil break Resist ance Trendline 6.850, BM RI berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 7.025,
7.100 dan 7.225,Nam un, j ika BM RI gagal break Resist ance 7.025 m aka BM RI akan m encoba Support 6.950, 6.850 dan 6.700.
BM RI dilihat I ndikat or MACD m engindikasikan pola Golden Cross dan St oc osc m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss
: 6.850 — 6.900
: 7.025 ( 2.6% ) , 7.100 ( 3.6% )
: 6.700 ( - 2.2% )
4,000
BBTN - Daily 9/21/2018 4:14:00 PM Open 2650, Hi 2710, Lo 2640, Clos e 2680 (2.3%) MA(Clos e,50) = 2,546.60
3,800
3,600
3,400
3,200
3,000
2880
2840
2,800
2760
2690
2,680
2620
2560
2,600
2,546.6
2490
2430
2360
2,400
2,200
Sep
Oct
Nov
Dec
BBTN - MACD(12,26) = 6.23, Signal(12,26,9) = 9.41
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
100
9.40855
6.22839 0
-100
-200
Sep
Oct
Nov
Dec
BBTN - Stoch %K(15,3) = 47.99, Stoch %D(15,3,3) = 40.18
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
80
47.9902
40.1797
20
BBTN - RSI(15) = 53.84
BBTN : TRAD I N G BUY
BBTN berhasil break Resist ance 2.680, BBTN berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 2.740, 2.810 dan
2.840, Nam un, j ika BBTN gagal break Resist ance 2.740, m aka BBTN akan m encoba Support 2.680, 2.620 dan 2.560. BBTN dilihat
I ndikator MACD m engindikasikan pola Golden Cross dan St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss
: 2.680 — 2.700
: 2.740 ( 2.2% ) , 2.810 ( 4.9% )
: 2.620 ( - 2.2% )
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Pick s of Th e D a y
ANTM - Daily 9/21/2018 4:14:00 PM Open 800, Hi 820, Lo 795, Clos e 820 (3.1%) MA(Clos e,50) = 861.20
1,000
950
915
900
900
880
860
850
835
820
805
795
780
861.2
850
820
800
765
755
750
735
700
650
600
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
ANTM - MACD(12,26) = -18.99, Signal(12,26,9) = -20.71
60
40
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
20
0
-18.9857
-20
-20.7128
Sep
ANTM - Stoch %K(15,3) = 36.70, Stoch %D(15,3,3) = 28.41
80
36.6977
28.4112
20
ANTM - RSI(15) = 48.15
AN TM : TRAD I N G BUY
AN TM berhasil break Resist ance 820, AN TM berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 835, 860 dan 880.
Nam un, j ika AN TM gagal break Resist ance 835 ,m aka AN TM akan m encoba Support 805, 795 dan 780. AN TM dilihat I ndikat or
St oc osc m engindikasikan pola Upt rend dan MACD m engindikasikan pola Golden Cross.
Ent ry point
Exit point
St op Loss
: 810 — 820
: 835 ( 3.1% ) , 860 ( 6.2% )
: 795 ( - 1.9% )
7,000
TBIG - Daily 9/21/2018 4:09:00 PM Open 5525, Hi 5675, Lo 5475, Clos e 5675 (2.7%) MA(Clos e,50) = 5,382.20
6,800
6,600
6,400
6,200
6,000
5975
5875
5,800
5800
5700
5,675
5,600
5550
5450
5,382.2
5,400
5375
5325
5,200
5200
5,000
4,800
Sep
Oct
Nov
Dec
TBIG - MACD(12,26) = 5.08, Signal(12,26,9) = 10.18
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
200
100
10.181
5.08043 0
-100
-200
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
TBIG - Stoch %K(15,3) = 78.79, Stoch %D(15,3,3) = 50.00
78.7879
80
50
20
TBIG - RSI(15) = 57.13
TBI G : TRAD I N G BUY
TBI G berhasil break Resist ance Trendline 5.625, TBI G berpeluang m elanj ut kan penguatan dengan m enguj i Resist ance 5.700,
5.800 dan 5.875. Nam un, j ika TBI G gagal break Resist ance 5.700 m aka TBI G akan m encoba Support 5.550, 5.450 dan 5.375.
TBI G dilihat I ndikat or Stoc osc m engindikasikan pola Upt rend dan MACD m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss
: 5.625 — 5.700
: 5.800 ( 3.1% ) , 5.875 ( 4.4% )
: 5.550 ( - 1.3% )
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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
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.
ID X Statistics
7,000
Volume
JCI Index
20,000
C lo sing
JCI
5,957.74
Transaction Value Regular M arket (IDR tn)
6,000
15,000
5,000
10,000
4,000
5,000
8.748
Transaction Volume Regular M arket (mn shares)
8,631
Foreign Net Buy (Sell) (IDR bn)
1,127
Foreign Net Buy (Sell)
(3.80)
Total M arket Capitalization (IDR tn)
6,738.92
0
3,000
Other Indices
I HSG n a ik se b a n ya k 2 6 .5 p o in (0 .4 5 % ) ke le ve l 5 9 5 7 .7 4 .
Se m e n t a ra LQ4 5 n a ik se b a n ya k 4 .8 p o in (0 .5 1 % ) ke le ve l
9 4 3 .4 2 . Fo re ig n n e t b u y se b e sa r Rp 1 1 2 6 .9 9 m ilia r.
C lo sing
1-D ay C hg (%)
YT D
C hg (%)
LQ45
943.42
0.51
(12.60)
EIDO
23.23
(0.30)
(18.29)
IDX
21.08
(0.05)
(15.14)
26,743.50
0.32
8.19
S&P 500
2,929.67
(0.04)
9.58
NASDAQ
7,986.96
(0.51)
15.70
DOW JONES
Toda y’s M a r k e t :
FTSE
7,490.23
1.67
(2.57)
•
NIKKEI
23,869.93
0.82
4.85
HANG SENG
I HSG diperkirakan bergerak m enguat . Bursa AS dit ut up
m elem ah pada perdagangan Jum at ( 21/ 09) . Harga crude
oil naik ke level USD 71.52 per barrel. Harga bat ubara st abil di level USD 113.45 per Mt . Harga Nickel naik 4,76%
ke level USD 13,262.5 per t on. Rupiah bergerak st abil t erhadap Dollar AS ke level Rp 14.820. 10Yr Governm ent
Bonds Yield t urun ke level 8.12% .
•
•
•
•
Dari dalam negeri, Bank I ndonesia ( BI ) akan m enggelar
Rapat Dewan Gubernur ( RDG) pada 26 - 27 Sept em ber
2018, sebagai ant isipasi pert em uan Federal Open Market
Com m it t e ( FOMC) Am erika Serikat ( AS) pada 25 - 26 Sept em ber.
Sehubungan dengan em it en, Jasa Marga ( JSMR) akan
m endapat kan kom pensasi dari pem erint ah unt uk j alan t ol
yang I RR nya belum kem bali ke perhit ungan awal sebagai
bent uk subsidi penurunan t arif t ol.
27,953.58
1.73
(6.57)
STRAITS TIM ES
3,217.68
1.17
(5.44)
KLSE
1,810.64
0.38
0.77
C urrency Spo t R ate
Secara t eknikal indeks har i Senin ( 24/ 09) , I HSG diprediksi
bergerak di kisaran 5936 - 5996.
Top BUY: BBRI , BBTN , AN TM , TBI G
w w w .sina r m a sse k ur it a s.co.id
1-D ay C hg (%)
YT D
C hg (%)
USD/IDR
14,820.00
0.00
8.52
EUR/IDR
17,404.65
(0.53)
6.84
JPY/IDR
131.78
(0.13)
8.64
SGD/IDR
10,870.25
(0.14)
6.68
AUD/IDR
10,782.97
(0.41)
1.88
GBP/IDR
19,402.14
(1.51)
5.61
C o mmo dities
Coal (USD/mn tons)
Natural Gas (USD/mmBtu)
Gold (USD/ounce)
Last
T ransactio n
P rice
Crude Oil (USD/barrel)
Sehubungan dengan em it en, Adaro Energy ( ADRO) m enj aj aki akuisisi perusahaan pengelola pem bangkit list rik
t enaga uap ( PLTU) di sej um lah negara di kawasan Asia
Tenggara. Perseroan t ert arik unt uk m em beli PLTU yang
sudah berproduksi ( brownfield) .
R ate (ID R )
YT D
C hg (%)
71.52
7:59:06 AM
18.37
113.45
9/21/2018
12.55
2.96
7:57:58 AM
0.20
1,197.01
8:09:06 AM
(8.12)
Nickel (USD/mn tons)
13,075.00
8:04:10 AM
2.47
Tins (USD/mn tons)
19,000.00
9/21/2018
(5.12)
2,116.00
9/21/2018
(13.42)
CPO (M YR/mn tons)
Rubber (JPY/kg)
145.00
4:37:21PM
(27.51)
Wheat (USD/bushel)
521.25
7:58:29 AM
22.07
Corn (USD/bushel)
356.50
7:56:37 AM
1.64
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 ) akan m enggelar Rapat Dewan Gubernur ( RDG) pada 26 - 27 Sept em ber 2018, sebagai ant isipasi
pert em uan Federal Open Market Com m it t e ( FOMC) Am erika Serikat ( AS) pada 25 - 26 Sept em ber. Source: Kont an
Pem erint ah m enj am in bahwa depresiasi nilai t ukar rupiah t erhadap dolar AS t idak akan m engganggu kewaj iban
pem bayaran cicilan ut ang luar negeri. Sebab, Kem ent rian Keuangan ( Kem enkeu) sudah m engat ur agar pem bayaran
cicilan t idak t erkonsent rasi pada bulan t ert ent u. Sour ce: I nvest or Daily
Direkt ur Pem asaran Ret ail Pert am ina, Mas’ud Kham id m enj elaskan di beberapa t erm inal BBM t idak bisa opt im al
m em produksi B20 karena kekurangan pasokan dari produsen Fat t y Acid Met hyl Est er ( FAME) . Hingga 15 Sept em ber
2018, Pert am ina t elah m enggunakan FAME sebagai bahan cam puran solar pada kisaran 159.988 kilolit er at au sekit ar
39% dari alokasi bulanan Source: Bisnis I ndonesia
Kem ent rian Keuangan ( Kem enkeu) m em perkirakan, pert um buhan ekonom i I ndonesia pada t riwulan I I I - 2018 berada
di kisaran 5,13% - 5,25% . Sem ent ara pert um buhan ekonom i sepanj ang t ahun ini bakal m encapai 5,2% . Konsum si
rum ah t angga disebut m asih m enj adi pendukung ut am a pert um buhan ekonom i it u. Source: I nvest or Daily
Kem ent rian Kelaut an dan Perikanan ( KKP) opt im ist is ekspor produk perikanan nasional t ahun ini m elam paui US$ 5
m iliar, at au naik sekit ar 11% dari realisasi 2017 yang sebesar US$ 4,52 m iliar. Selain m elakukan diplom asi penanganan ham bat an ekspor dan penur unan t arif bea m asuk ( BM) produk perikanan, KKP j uga m enerapkan m arket int elligence guna m encapai t arget ekspor yang dit et apkan. Saat ini, KKP j uga m endorong para eksport ir unt uk m em anfaat kan perang dagang ant ara AS dan Tiongkok dengan m em asok lebih banyak produk perikanan ke pasar AS.
Source: I nvest or Daily
Ket ua Um um Him punan Penyewa Pusat Belanj a I ndonesia ( Hippindo) Budihardj o I duansj ah m em perkirakan pert um buhan penj ualan rit el saat Nat al dan Tahun Bar u kali ini dapat m encapai 10% dari realisasi t ahun lalu senilai Rp50
t riliun. Source: Bisnis I ndonesia
Kepala Depart em en Pengelolaan Monet er Bank I ndonesia ( BI ) Nanang Hendarsah opt im ist is, penguat an nilai t ukar
rupiah akan berlanj ut di t engah t ren pelem ahan dolar Am erika Serikat ( AS) dalam skala global, yang m em buat kepercayaan invest or asing m ulai m em baik. Source: I nvest or Daily
Realisasi belanj a m odal pem erint ah hingga akhir Agust us 2018 m enurut cat at an Kem ent erian Keuangan ( Kem keu) ,
sebesar Rp 70,7 t riliun ( - 5,7% YoY) . Penurunan realisasi belanj a m odal pem erint ah dipengaruhi oleh banyaknya usulan kegiat an infrast rukt ur Kem ent erian Pekerj aan Um um dan Perum ahan Rakyat ( PUPR) dengan j angka wakt u lebih
dari sat u t ahun at au m ult i years. Source: Kont an
Ot orit as Jasa Keuangan ( OJK) m asih opt im ist is pert um buhan kredit indust ri perbankan sam pai akhir t ahun ini m encapai 12% secara t ahunan ( year on year/ yoy) , seiring dengan penyaluran kredit yang cenderung m eningkat .
Source: I nvest or Daily
Kem ent rian Energi dan Sum ber Daya Mineral ( ESDM) m enyat akan penyerapan bat u bara dalam negeri ( dom est ic
m arket obligat ion/ DMO) hingga Agust us kem arin m encapai 97,79 t on. Mayorit as bat u bara t ersebut diserap oleh
pem bangkit list rik t enaga uap ( PLTU) . Source: I nvest or Daily
Di bawah bayang- bayang eskalasi perang dagang ant ara Am erika Serikat ( AS) dan Tiongkok, The Federal Reserve
( The Fed) pekan ini akan m enaikkan suku bunga acuan unt uk ket iga kalinya t ahun ini. The Fed dianggap dapat m enj adi lebih agresif at au haw kish karena har us m encegah inflasi naik t erlalu cepat , supaya t idak m engham bat pert um buhan ekonom i AS yang sedang kuat kuat nya. Source: I nvest or Daily
Bank Bukopin ( BBKP) berencana unt uk m engeluarkan saham baru dalam rangka m anagem ent and em ployee st ock
opt ions program ( MESOP) m aksim al 347,4 j ut a saham . Seiring dengan penerbit an saham baru dalam rangka MESOP
ini, m aka akan ada efek dilusi t erhadap pem egang saham yait u 2,9% . 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
D a ily Cor por a t e a nd I n du st r y N e w s
CI MB Niaga ( BNGA) m em angkas t arget penerbit an obligasi berkelanj ut an I I t ahap I V m enj adi Rp 1,02 t riliun, dibandingkan proyeksi sem ula senilai Rp 1,25 t riliun. Pem angkasan t arget ini dipicu at as besaran kupon yang diinginkan pasar t idak bisa dipenuhi perusahaan. Source: I nvest or Daily
Adaro Energy ( ADRO) m enj aj aki akuisisi perusahaan pengelola pem bangkit list rik t enaga uap ( PLTU) di sej um lah
negara di kawasan Asia Tenggara. Perseroan t ert arik unt uk m em beli PLTU yang sudah berproduksi ( brownfield) .
Source: I nvest or Daily
Jasa Marga ( JSMR) akan m endapat kan kom pensasi dari pem erint ah unt uk j alan t ol yang I RR nya belum kem bali ke
perhit ungan awal sebagai bent uk subsidi penurunan t arif t ol. Source: Bisnis I ndonesia
Telekom unikasi I ndonesia ( TLKM) m elalui anak usahanya, Met ranet , m enj alin kerj asam a dengan PT Oona Media I ndonesia ( OMI ) yang m erupakan anak usaha NFC I ndonesia ( NFCX) . Dalam kerj asam a ini OMI bert indak sebagai
pengem bang plat form TV m obile, sedangkan Met ranet m engurusi j aringan, dist ribusi kanal, hingga pengem bangan
pasar. Source: Kont an
Aneka Gas I ndust ri ( AGI I ) m enarget kan ekspansi st asiun pengisian gas sebesar 100 st asiun. Selam a Sept em ber ini,
Aneka Gas m em buka sat u st asiun pengisian gas, dengan begit u AGI I m em iliki t ot al 96 st asiun pengisian gas yang
t ersebar di sej um lah provinsi. Sat u st asiun pengisian gas m em but uhkan biaya invest asi US$ 1 j ut a. Ekspansi st asiun
pengisian gas m em anfaat kan alokasi dana belanj a m odal alias capit al expendit ure ( capex) senilai Rp 150 m iliar
hingga Rp 200 m iliar sepanj ang t ahun ini. Source: Kont an
Medco Energi I nt ernasional ( MEDC) berencana unt uk m enawarkan Obligasi Berkelanj ut an I I I Tahap I I Tahun 2018
dengan nilai em isi Rp 1,25 t riliun. MEDC akan m enggunakan dana perolehan obligasi unt uk m em bayar sebagian
ut ang yang akan j at uh t em po dalam wakt u dekat . Source: Kont an
Merdeka Copper Gold ( MDKA) berencana unt uk m elanj ut kan penawaran um um t erbat as ( PUT) I I m elalui right s issue
pada t ahun depan, set elah m endapat kan perset uj uan dari pem egang saham . Awalnya MDKA berencana unt uk right
issue senilai US$150j ut a. Nam un, pada t ahap pert am a berhasil m engant ongi pendanaan Rp1,3 t riliun at au set ara
dengan US$90 j ut a. Source: Bisnis I ndonesia
Holding Perkebunan Nusant ara PTPN I I I ( Persero) at au PTPN Holding t erus m enggenj ot penj ualan ekspor kom odit as
m inyak sawit m ent ah ( cr ude palm oil/ CPO) dan kar et pada t ahun ini. Di t engah m enguat nya nilai t ukar dolar AS,
kegiat an ekspor t ersebut akan m enam bah pendapat an perseroan dan m em bant u pem erint ah dalam m eningkat kan
hasil devisa negara. Source: I nvest or Daily
Express Transindo ( TAXI ) m elakukan penundaan pem bayaran bunga ke- 17 unt uk Obligasi I Express Transindo t ahun
2014. Menurut ket erangan KSEI disebut kan, pem bayaran bunga ke- 17 t ersebut seharunya dilaksanakan paa 24 Sept em ber 2018 ini dim ana penundaan dilakukan karena dana belum efekt if di rekening KSEI sesuai j adwal yang t elah
dilaksanakan. Source: I QPlus
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
%
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
26,769.16
22,219.11
2,024.28
8.19
20.72
17.12
3.88
4.00
7,408.83
7,408.83
2
SP X Index
2,940.91
2,488.03
256.06
9.58
22.51
18.14
3.30
3.33
25,673.36
25,673.36
3
C C M P Index
8,133.30
6,343.96
1,083.57
15.70
40.69
23.84
3.80
3.76
12,487.71
12,487.71
4
SP T SX Index
16,586.46
14,785.78
15.00
0.09
19.81
15.68
1.91
1.87
2,489.08
1,926.98
5
M EXB O L Index
51,121.23
44,429.36
(10.13)
(0.02)
19.72
17.20
2.65
2.62
6,010.88
319.05
13.95
1.67
1.66
2,887.25
3,390.21
E uro pe
6
SX5E Index
3,708.82
3,261.86
(73.15)
(2.09)
18.41
7
UKX Index
7,903.50
6,866.94
(197.54)
(2.57)
23.26
13.51
1.97
1.98
2,089.73
2,734.00
8
C A C Index
5,657.44
5,038.12
181.61
3.42
18.43
14.66
1.67
1.68
1,602.72
1,881.91
9
D A X Index
13,596.89
11,726.62
(486.76)
(3.77)
19.19
13.28
1.86
1.84
1,141.63
1,340.50
10
IB EX Index
10,643.40
9,111.10
(453.50)
(4.52)
15.07
12.55
1.47
1.46
599.76
704.24
11
F T SEM IB Index
24,544.26
20,236.27
(316.60)
(1.45)
559.35
11.78
1.18
1.22
508.33
596.88
12
A EX Index
576.90
515.96
5.21
0.96
18.84
14.93
1.91
1.87
673.69
791.05
13
SM I Index
9,616.38
8,372.90
(386.49)
(4.12)
24.59
15.89
2.59
2.58
1,088.46
1,134.88
6,373.50
5,649.10
129.43
2.13
17.95
15.96
2.08
2.03
1,849.17
1,346.38
A s ia / P a c if ic
14
A S51 Index
15
A S30 Index
6,481.30
5,709.70
138.16
2.24
18.90
16.01
2.00
1.95
2,006.31
1,460.79
16
SH SZ 300 Index
4,403.34
3,191.40
(620.37)
(15.39)
16.47
11.67
2.05
2.05
27,090.17
3,947.57
17
SH A SH R Index
3,757.20
2,769.10
(533.74)
(15.41)
16.86
11.12
1.80
1.70
29,923.52
4,360.44
18
SZ A SH R Index
2,140.56
1,438.39
(475.56)
(23.94)
29.07
16.56
3.12
3.03
18,493.72
2,694.90
19
H SI Index
33,484.08
26,219.56
(1,965.57)
(6.57)
13.71
11.42
1.39
1.41
18,215.00
2,332.27
20
H SC EI Index
13,962.53
10,196.71
(682.17)
(5.83)
9.18
8.26
1.05
1.10
11,613.70
1,487.03
21
SEN SEX Index
38,989.65
31,081.83
8.18
24.56
19.68
3.12
2.98
66,620.05
921.50
22
N IF T Y Index
11,760.20
9,687.55
612.40
5.82
23.85
19.25
3.12
2.98
81,713.35
1,130.28
23
J C I Index
6,693.47
5,557.56
(397.91)
(6.26)
24.37
15.58
2.58
2.55
6,738,922.50
453.77
24
LQ 45 Index
1,132.92
871.91
(135.96)
(12.60)
21.16
16.22
3.39
3.36
4,298,073.60
289.41
25
KSE100 Index
47,144.12
37,736.73
848.65
2.10
8.99
8.60
1.46
1.40
7,236.16
58.77
26
N KY Index
24,129.34
20,213.66
1,104.99
4.85
19.37
16.78
1.89
1.96
405,931.39
3,605.39
27
N EY Index
376.09
323.31
1.90
0.53
16.06
13.99
1.38
1.43
457,194.53
4,060.70
2,784.77
28
T P X Index
1,911.31
1,645.16
(13.54)
(0.74)
16.34
13.90
1.41
1.46
678,582.72
6,027.02
29
F B M KLC I Index
1,896.03
1,657.78
13.83
0.77
16.69
17.61
1.67
1.69
1,127.91
272.88
30
N Z SE Index
1,652.90
1,405.84
132.94
8.80
19.27
21.94
2.03
2.04
135.00
90.13
31
P C O M P Index
9,078.37
6,923.67
(1,175.42)
(13.73)
22.98
17.15
2.51
2.41
9,288.83
171.33
32
F SST I Index
3,641.65
3,102.73
(185.24)
(5.44)
11.07
12.96
1.22
1.22
542.30
397.29
33
KO SP I Index
2,607.10
2,218.09
(128.32)
(5.20)
12.69
9.33
1.05
1.07
1,512,881.41
1,356.50
34
T WSE Index
11,270.18
10,189.04
329.55
3.10
15.55
14.09
1.75
1.77
32,562.84
1,062.62
35
SET Index
1,852.51
1,584.68
2.41
0.14
18.90
16.33
2.08
2.13
17,709.34
545.54
36
SET 50 Index
1,223.67
1,043.32
24.40
2.15
17.52
16.07
2.26
2.30
12,187.46
375.44
37
VN IN D EX Index
1,211.34
795.05
18.73
1.90
19.00
17.17
2.81
2.82
3,207,027.71
137.46
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 )
2 1 -S e p -1 8
H IG H
LOW
1
A D H I IJ
1 ,3 8 0
2 ,5 1 0
1 ,3 2 0
2
A D R O IJ
1 ,8 8 0
2 ,6 5 0
1 ,5 7 5
3
A K R A IJ
3 ,5 9 0
8 ,0 2 5
3 ,2 2 0
4
A N TM IJ
820
1 ,0 1 5
600
5
A S II IJ
7 ,2 5 0
8 ,7 5 0
6 ,1 0 0
P O IN T
(5 0 5 )
20
(2 , 7 6 0 )
195
(1 , 0 5 0 )
%
(2 6 . 7 9 )
1 .0 8
(4 3 . 4 6 )
3 1 .2 0
(1 2 . 6 5 )
2017
2018E
2017
2018E
1 3 .0 2
6 .1 1
1 .1 5
0 .7 5
9 .0 6
8 .4 4
1 .2 6
1 .0 9
2 8 .1 1
1 3 .3 7
3 .3 7
1 .6 9
2 6 .5 6
0 .8 1
1 .0 6
1 7 .8 3
1 3 .9 2
2 .7 2
2 .1 4
-
6
B B C A IJ
2 3 ,7 0 0
2 5 ,4 7 5
1 9 ,6 0 0
2 3 .1 7
2 2 .6 2
4 .1 1
3 .8 8
7
B B N I IJ
7 ,6 5 0
1 0 ,1 7 5
6 ,7 5 0
(2 , 2 5 0 )
(2 2 . 7 3 )
1 3 .5 6
9 .2 5
1 .8 7
1 .3 2
8
B B R I IJ
3 ,1 2 0
3 ,9 2 0
2 ,7 2 0
(5 2 0 )
(1 4 . 2 9 )
1 5 .3 4
1 1 .8 5
2 .6 7
2 .0 6
1 ,8 0 0
8 .2 2
9
B B TN IJ
2 ,6 8 0
3 ,8 9 0
2 ,1 1 0
(8 9 0 )
(2 4 . 9 3 )
1 2 .4 9
8 .3 3
1 .7 5
1 .1 4
10
B J B R IJ
2 ,0 3 0
2 ,7 5 0
1 ,7 9 5
(3 7 0 )
(1 5 . 4 2 )
1 9 .2 0
1 3 .0 0
2 .3 1
1 .8 8
11
B M R I IJ
6 ,8 5 0
9 ,0 5 0
6 ,2 0 0
(1 , 1 5 0 )
(1 4 . 3 8 )
1 8 .0 9
1 2 .5 5
2 .2 4
1 .7 6
12
B M TR IJ
412
755
378
(1 7 8 )
(3 0 . 1 7 )
0 .8 8
-
13
B R P T IJ
1 ,8 5 0
2 ,7 2 0
1 ,5 1 0
(4 1 0 )
(1 8 . 1 4 )
3 0 .0 0
-
1 5 .5 7
-
2 .1 6
1 .2 3
14
B S D E IJ
1 ,1 6 0
1 ,9 6 5
1 ,0 8 0
(5 4 0 )
(3 1 . 7 6 )
6 .6 1
8 .4 3
1 .2 9
0 .8 0
15
B U M I IJ
222
356
16
EX C L IJ
17
G G R M IJ
7 5 ,0 2 5
18
H M S P IJ
19
IC B P IJ
20
IN C O IJ
166
(4 8 )
(1 7 . 7 8 )
2 .5 7
2 .4 9
-
-
1 ,7 1 0
(1 1 0 )
(3 . 7 2 )
8 5 .1 6
7 6 .8 5
1 .4 6
1 .3 8
8 6 ,4 0 0
6 1 ,9 2 5
(8 , 7 7 5 )
(1 0 . 4 7 )
2 0 .8 0
1 7 .1 1
3 .8 2
3 .1 3
3 ,9 0 0
5 ,5 5 0
3 ,2 3 0
(8 3 0 )
(1 7 . 5 5 )
4 3 .5 4
3 4 .4 3
1 6 .1 3
1 2 .8 9
8 ,9 5 0
9 ,2 7 5
7 ,9 0 0
50
0 .5 6
2 7 .3 1
2 4 .8 4
5 .3 1
4 .8 1
3 ,6 6 0
4 ,7 2 0
2 ,5 1 0
770
2 6 .6 4
3 0 .8 1
1 .1 6
1 .2 8
2 ,8 5 0
-
21
IN D F IJ
6 ,0 7 5
8 ,6 7 5
5 ,8 5 0
(1 , 5 5 0 )
(2 0 . 3 3 )
1 6 .1 8
1 2 .1 4
2 .1 5
1 .5 7
22
IN D Y IJ
2 ,8 1 0
4 ,6 3 0
1 ,8 3 0
(2 5 0 )
(8 . 1 7 )
3 .5 0
4 .9 8
1 .2 7
0 .9 9
23
IN TP IJ
1 6 ,9 0 0
2 3 ,9 5 0
1 2 ,5 0 0
(5 , 0 5 0 )
(2 3 . 0 1 )
4 3 .4 5
4 5 .4 2
3 .2 9
2 .5 4
24
J S M R IJ
4 ,3 5 0
6 ,7 7 5
3 ,9 2 0
(2 , 0 5 0 )
(3 2 . 0 3 )
2 1 .1 1
1 6 .3 7
3 .0 8
1 .9 0
25
K L B F IJ
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 .5 2
5 .9 6
4 .1 5
26
L P K R IJ
338
755
314
(1 5 0 )
(3 0 . 7 4 )
1 8 .0 9
9 .8 4
0 .4 9
0 .3 6
27
L P P F IJ
6 ,6 7 5
1 1 ,9 7 5
5 ,5 2 5
(3 , 3 2 5 )
(3 3 . 2 5 )
1 5 .2 9
9 .8 1
1 2 .5 3
5 .2 9
28
M N C N IJ
860
1 ,6 9 0
805
(4 2 5 )
(3 3 . 0 7 )
1 1 .7 8
7 .8 6
1 .8 6
1 .1 9
29
M YR X IJ
131
198
101
21
1 9 .0 9
-
-
30
P G A S IJ
2 ,0 3 0
2 ,8 6 0
1 ,3 6 5
280
1 6 .0 0
2 0 .7 7
1 3 .6 7
0 .9 9
1 .0 4
31
P TB A IJ
4 ,1 7 0
4 ,9 4 0
1 ,8 1 0
1 ,7 1 0
6 9 .5 1
5 .7 9
8 .9 9
1 .9 1
2 .7 7
1 ,5 8 0
3 ,2 8 0
1 ,4 6 5
(1 , 0 6 0 )
(4 0 . 1 5 )
1 1 .2 6
5 .6 7
1 .4 3
0 .7 6
510
725
490
(1 7 5 )
(2 5 . 5 5 )
1 7 .6 2
1 1 .1 7
3 .2 0
2 .0 2
(2 3 . 3 9 )
2 7 .2 4
1 6 .9 8
9 .3 0
5 .4 4
2 7 .6 4
2 .0 3
1 .8 3
-
-
32
P TP P IJ
33
P W O N IJ
34
S C M A IJ
1 ,9 0 0
2 ,9 8 0
1 ,7 6 5
(5 8 0 )
35
S M G R IJ
9 ,3 0 0
1 1 ,7 7 5
6 ,5 0 0
(6 0 0 )
(6 . 0 6 )
2 9 .1 4
36
S R IL IJ
344
414
302
(3 6 )
(9 . 4 7 )
7 .2 6
37
S S M S IJ
1 ,2 2 0
1 ,5 5 0
1 ,0 0 5
(2 8 0 )
(1 8 . 6 7 )
1 7 .9 2
38
TL K M IJ
3 ,6 0 0
4 ,7 0 7
3 ,2 5 0
(7 9 9 )
(1 8 . 1 6 )
39
TP IA IJ
5 ,0 2 5
6 ,6 7 5
4 ,6 4 0
(9 7 5 )
(1 6 . 2 5 )
40
TR A M IJ
254
432
122
41
U N TR IJ
3 3 ,3 0 0
4 0 ,5 0 0
2 9 ,9 2 5
(2 , 1 0 0 )
(5 . 9 3 )
1 7 .8 4
1 2 .1 1
2 .9 1
2 .3 8
42
U N V R IJ
4 7 ,0 7 5
5 8 ,1 0 0
4 0 ,4 0 0
(8 , 8 2 5 )
(1 5 . 7 9 )
6 0 .8 9
4 6 .8 1
8 2 .4 4
5 9 .2 9
43
W IK A IJ
1 ,4 1 0
2 ,1 9 0
1 ,2 1 0
(1 4 0 )
(9 . 0 3 )
1 1 .5 5
8 .5 2
1 .1 0
0 .8 9
44
W S B P IJ
358
510
336
(5 0 )
(1 2 . 2 5 )
1 0 .5 6
7 .5 6
1 .4 7
1 .0 4
W S K T IJ
1 ,7 3 5
3 ,1 5 0
1 ,6 8 0
(4 7 5 )
(2 1 . 4 9 )
7 .3 8
5 .4 4
2 .1 4
1 .3 5
45
56
2 8 .2 8
1 .1 8
-
1 3 .6 3
3 .5 4
2 .5 5
1 9 .6 8
1 6 .7 8
4 .7 0
3 .5 4
2 3 .8 1
2 8 .2 0
4 .7 4
3 .4 1
-
-
-
-
-
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 ( %)
(0.23)
(2.25)
(6.20)
(15.04)
1.39
2.74
(0.78)
19.26
P ro perty
B asic Industry
Trade
0.96
0.55
(2.40)
(9.95)
Finance
0.74
0.66
(1.31)
(5.71)
(2.63)
0.66
(1.39)
(10.29)
0.56
0.08
3.68
(12.93)
(0.22)
(0.74)
3.79
(13.22)
0.11
(2.43)
(2.93)
(1.89)
1.93
(1.50)
22.59
A ug- 18
J ul- 18
M iscellaneo us Industry
Co nsumer
Infrastructure
A griculture
M ining
0.93
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 %)
2.13
3.61
Inflatio n Yo Y (in %)
3.20
3.18
-0.05
0.28
117.90
118.31
Inflatio n M o M (in %)
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 ( %)
14,817.00
-
(1.64)
(8.52)
USD/CNY
6.86
(0.15)
(0.14)
(5.11)
USD/EUR
0.85
0.05
(1.05)
2.22
USD/JP Y
112.60
(0.01)
(1.21)
0.08
USD/SGD
1.37
(0.11)
0.01
(2.16)
USD/A UD
1.37
0.17
0.69
7.30
USD/GB P
0.76
(0.01)
(1.77)
3.27
Le nding a nd D e po s it R a t e s
( in %)
JIB OR (in IDR)
7.38
LIB OR (in GB P )
1.06
SIB OR ( in USD)
1.46
Indo nesia 5-Year Go vernment B o nds Yield
8.05
Indo nesia 10-Year Go vernment B o nds Yield
8.12
Indo nesia 15-Year Go vernment B o nds Yield
8.48
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 )
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
BMRI - Daily 9/21/2018 4:14:00 PM Open 6750, Hi 6950, Lo 6725, Clos e 6850 (2.6%) MA(Clos e,50) = 6,714.50
9,000
8,800
8,600
8,400
8,200
8,000
7,800
7,600
7400
7,400
7225
7,200
7100
7,000
6975
6850
6700
Sep
Oct
Nov
Dec
BMRI - MACD(12,26) = -55.27, Signal(12,26,9) = -70.98
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
6,850
6,800
6,714.5
6,600
6550
6450
6,400
6263.79
6,200
Sep
200
100
-55.2704 0
-100
-70.9804
-200
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
-300
Sep
BMRI - Stoch %K(15,3) = 56.16, Stoch %D(15,3,3) = 38.59
98.0683
80
56.1616
38.5859
20
BMRI - RSI(15) = 54.27
BM RI : TRAD I N G BUY
BM RI berhasil break Resist ance Trendline 6.850, BM RI berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 7.025,
7.100 dan 7.225,Nam un, j ika BM RI gagal break Resist ance 7.025 m aka BM RI akan m encoba Support 6.950, 6.850 dan 6.700.
BM RI dilihat I ndikat or MACD m engindikasikan pola Golden Cross dan St oc osc m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss
: 6.850 — 6.900
: 7.025 ( 2.6% ) , 7.100 ( 3.6% )
: 6.700 ( - 2.2% )
4,000
BBTN - Daily 9/21/2018 4:14:00 PM Open 2650, Hi 2710, Lo 2640, Clos e 2680 (2.3%) MA(Clos e,50) = 2,546.60
3,800
3,600
3,400
3,200
3,000
2880
2840
2,800
2760
2690
2,680
2620
2560
2,600
2,546.6
2490
2430
2360
2,400
2,200
Sep
Oct
Nov
Dec
BBTN - MACD(12,26) = 6.23, Signal(12,26,9) = 9.41
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
100
9.40855
6.22839 0
-100
-200
Sep
Oct
Nov
Dec
BBTN - Stoch %K(15,3) = 47.99, Stoch %D(15,3,3) = 40.18
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
80
47.9902
40.1797
20
BBTN - RSI(15) = 53.84
BBTN : TRAD I N G BUY
BBTN berhasil break Resist ance 2.680, BBTN berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 2.740, 2.810 dan
2.840, Nam un, j ika BBTN gagal break Resist ance 2.740, m aka BBTN akan m encoba Support 2.680, 2.620 dan 2.560. BBTN dilihat
I ndikator MACD m engindikasikan pola Golden Cross dan St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss
: 2.680 — 2.700
: 2.740 ( 2.2% ) , 2.810 ( 4.9% )
: 2.620 ( - 2.2% )
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Pick s of Th e D a y
ANTM - Daily 9/21/2018 4:14:00 PM Open 800, Hi 820, Lo 795, Clos e 820 (3.1%) MA(Clos e,50) = 861.20
1,000
950
915
900
900
880
860
850
835
820
805
795
780
861.2
850
820
800
765
755
750
735
700
650
600
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
ANTM - MACD(12,26) = -18.99, Signal(12,26,9) = -20.71
60
40
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
20
0
-18.9857
-20
-20.7128
Sep
ANTM - Stoch %K(15,3) = 36.70, Stoch %D(15,3,3) = 28.41
80
36.6977
28.4112
20
ANTM - RSI(15) = 48.15
AN TM : TRAD I N G BUY
AN TM berhasil break Resist ance 820, AN TM berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 835, 860 dan 880.
Nam un, j ika AN TM gagal break Resist ance 835 ,m aka AN TM akan m encoba Support 805, 795 dan 780. AN TM dilihat I ndikat or
St oc osc m engindikasikan pola Upt rend dan MACD m engindikasikan pola Golden Cross.
Ent ry point
Exit point
St op Loss
: 810 — 820
: 835 ( 3.1% ) , 860 ( 6.2% )
: 795 ( - 1.9% )
7,000
TBIG - Daily 9/21/2018 4:09:00 PM Open 5525, Hi 5675, Lo 5475, Clos e 5675 (2.7%) MA(Clos e,50) = 5,382.20
6,800
6,600
6,400
6,200
6,000
5975
5875
5,800
5800
5700
5,675
5,600
5550
5450
5,382.2
5,400
5375
5325
5,200
5200
5,000
4,800
Sep
Oct
Nov
Dec
TBIG - MACD(12,26) = 5.08, Signal(12,26,9) = 10.18
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
200
100
10.181
5.08043 0
-100
-200
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
TBIG - Stoch %K(15,3) = 78.79, Stoch %D(15,3,3) = 50.00
78.7879
80
50
20
TBIG - RSI(15) = 57.13
TBI G : TRAD I N G BUY
TBI G berhasil break Resist ance Trendline 5.625, TBI G berpeluang m elanj ut kan penguatan dengan m enguj i Resist ance 5.700,
5.800 dan 5.875. Nam un, j ika TBI G gagal break Resist ance 5.700 m aka TBI G akan m encoba Support 5.550, 5.450 dan 5.375.
TBI G dilihat I ndikat or Stoc osc m engindikasikan pola Upt rend dan MACD m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss
: 5.625 — 5.700
: 5.800 ( 3.1% ) , 5.875 ( 4.4% )
: 5.550 ( - 1.3% )
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