Riset | Sinarmas Sekuritas
Thursday, July 19, 2018
Volume
7,000
ID X Statistics
JCI Index
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
6,000
5,000
4,000
3,000
C lo sing
JCI
5,890.73
Transaction Value Regular M arket (IDR tn)
5.513
Transaction Volume Regular M arket (mn shares)
6,917
Foreign Net Buy (Sell) (IDR bn)
Foreign Net Buy (Sell)
(3.66)
Total M arket Capitalization (IDR tn)
Other Indices
I HSG n a ik se b a n ya k 2 9 .2 p o in (0 .5 % ) ke le ve l 5 8 9 0 .7 3 .
Se m e n t a ra LQ4 5 n a ik se b a n ya k 6 .7 p o in (0 .7 3 % ) ke le ve l
9 2 6 .7 1 . Fo re ig n n e t se ll se b e sa r Rp 3 5 .6 6 m ilia r.
•
I HSG diperkirakan bergerak m enguat . Bursa AS dit ut up
m enguat pada perdagangan Rabu ( 18/ 07) m enyusul laporan keuangan sebagian besar em it en cukup posit if. Harga
crude oil naik ke level USD 68.87 per barrel. Har ga bat ubara naik ke level USD 119.60 per Mt . Rupiah bergerak
st abil t erhadap Dollar AS ke level I DR 14.392. 10Yr Governm ent Bonds Yield naik ke level 7.70% .
•
•
•
•
Dari dalam negeri, JP Morgan Chase Bank & Co, kem bali
m enaikkan rekom endasi kepada invest or t erkait peringkat
surat ut ang at au obligasi I ndonesia. I ndonesia naik level
dari net ral ke overweight . Sebelum nya, pada Januari
2017, JP Morgan m enaikkan rekom endasi I ndonesia dari
underweight ke net ral.
Sehubungan dengan em it en, BBTN m encat at kan laba bersih Rp 1,42 t riliun at au naik 12,01% yoy di sem est er I
2018 didukung oleh pendapat an bunga bersih yang m eningkat 12,9% yoy m enj adi Rp 4,77 t riliun. BBTN m enyalurkan kredit sebesar Rp 211,35 t riliun, dengan segm en
kredit sekt or perum ahan yang naik 19,76% yoy m enj adi
Rp191,30 t riliun. Maint ain BUY unt uk saham BBTN dengan
TP: Rp 3,475.
PTPP m encat at kan perolehan kont rak baru di sepanj ang
sem est er - I 2018 sebesar Rp 17,6 t riliun di sepanj ang sem est er pert am a t ahun ini, t urun 12,87% yoy. Hasil t ersebut m encapai 39,51% dari t arget t ahun ini.
Secara t eknikal indeks hari Kam is ( 19/ 07) , I HSG diprediksi
bergerak di kisaran 5871 - 5922.
Top BUY: AD RO, LSI P, I TM G, BBTN
w w w .sina r m a sse k ur it a s.co.id
6,659.20
C lo sing
YT D
C hg (%)
(14.14)
23.46
0.73
(17.48)
21.12
0.43
(14.98)
25,199.29
0.32
1.94
926.71
EIDO
IDX
1-D ay C hg (%)
0.73
LQ45
DOW JONES
Toda y’ s M a r k e t :
(36)
S&P 500
2,815.62
0.22
NASDAQ
7,854.44
(0.01)
13.78
5.31
FTSE
7,676.28
0.65
(0.15)
NIKKEI
22,794.19
0.43
0.13
HANG SENG
28,117.42
(0.23)
(6.02)
STRAITS TIM ES
3,240.50
0.03
(4.77)
KLSE
1,753.07
0.91
(2.43)
C urrency Spo t R ate
R ate (ID R )
1-D ay C hg (%)
YT D
C hg (%)
USD/IDR
14,392.00
0.00
5.96
EUR/IDR
16,782.80
0.07
3.39
JPY/IDR
127.84
0.36
5.78
SGD/IDR
10,556.14
0.10
3.88
AUD/IDR
10,672.81
0.46
0.81
GBP/IDR
18,850.75
(0.23)
2.82
C o mmo dities
Last
T ransactio n
P rice
YT D
C hg (%)
Crude Oil (USD/barrel)
68.87
8:01:44 AM
14.00
Coal (USD/mn tons)
119.60
7/18/2018
18.65
2.73
8:00:51AM
(7.62)
Natural Gas (USD/mmBtu)
Gold (USD/ounce)
1,226.55
8:11:46 AM
(5.85)
Nickel (USD/mn tons)
13,695.00
8:11:46 AM
7.33
Tins (USD/mn tons)
19,475.00
7/18/2018
(2.75)
2,200.00
7/18/2018
(9.98)
CPO (M YR/mn tons)
Rubber (JPY/kg)
165.50
7:52:18 AM
(19.43)
Wheat (USD/bushel)
494.50
8:00:00 AM
15.81
Corn (USD/bushel)
347.25
7:56:10 AM
(1.00)
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
JP Morgan Chase Bank & Co, kem bali m enaikkan rekom endasi kepada invest or t erkait peringkat surat ut ang at au
obligasi I ndonesia. I ndonesia naik level dari net ral ke overweight . Sebelum nya, pada Januari 2017, JP Morgan
m enaikkan rekom endasi I ndonesia dari underweight ke net ral. Source: Kont an
Holding Perkebunan Nusant ara PTPN I I I ( Persero) sepanj ang Januari- Juli 2018 t elah m enggiling sedikit nya 3,90 j ut a
t on t ebu dengan produksi gula sebanyak 260 ribu t on. Produksi gula sebanyak it u naik 20% dibanding periode sam a
t ahun sebelum nya karena m em baiknya produkt ivit as dan rendem enan t anam an t ebu. Tahun ini, kelom pok BUMN
perkebunan t ersebut m enarget kan produksi gula sebanyak 1,20 j ut a t on yang dihasilkan dari 14,20 j ut a t on t ebu.
Source: I nvest or Daily
Him punan Bank Milik Negara ( Him bara) dan Bank Tabungan Negara ( BBTN) m engat akan bahwa perseroan dan Him bara t idak ikut dalam sindikasi kredit unt uk I nalum . Source: Bisnis I ndonesia
Lem baga Penj am inan Sim panan ( LPS) m enaikkan t ingkat bunga penj am inan at au LPS rat e senilai 25 bps m enj adi
6,25% , m elanj ut kan penaikan yang t elah dilakukan pada Juni sebesar 25 bps. Penaikan ini sekaligus m enandai berakhirnya rezim suku bunga rendah. Source: Bisnis I ndonesia
Kem ent erian Perindust rian ( Kem enperin) m enarget kan produksi m obil rendah em isi karbon ( low carbon em ission
vehicle/ LCEV) dim ulai pada 2020 dengan volum e 150 ribu unit at au 10% dari est im asi t ot al produksi sebanyak 1,5
j ut a unit . Produksi LCEV dit arget kan t erus m eningkat m enj adi 400 ribu unit pada 2025 at au 20% dari t ot al produksi
2 j ut a unit . Source: I nvest or Daily
PT Pert am ina ( Persero) m erevisi anggaran invest asinya pada t ahun ini m enj adi sekit ar US$ 4 m iliar at au t urun
28,44% dari awalnya US$ 5,59 m iliar. Flukt uasi harga m inyak dan nilai t ukar Rupiah m enj adi salah sat u penyebab
revisi ini. Source: I nvest or Daily
Pem erint ah dalam Rancangan Anggaran Pendapat an dan Belanj a Negara ( RAPBN) 2019 m engurangi belanj a barang
dan m erelokasi ke belanj a priorit as. Pengurangan belanj a barang yang m encapai sekit ar Rp 34,1 t riliun it u di ant aranya akan dialihkan unt uk m em bangun sarana dan prasarana sekolah yang rusak. Sour ce: I nvest or Daily
Lem baga Penj am in Sim panan ( LPS) kem bali m enaikkan suku bunga penj am inan sebesar 25 basis poin ( bps) . Kenaikan t ersebut berlaku unt uk sim panan rupiah dan valut a asing ( valas) bank um um dan sim panan rupiah di bank
perkredit an rakyat ( BPR) . Suku bunga penj am inan rupiah bank um um m enj adi 6,25% , valas 1,50% , suku bunga
penj am inan rupiah BPR m enj adi 8,75% . Ket ent uan t ersebut berlaku m ulai 18 Juli sam pai dengan 17 Sept em ber
2018. Source: I nvest or Daily
PT Bursa Efek I ndonesia ( BEI ) , PT Kliring Penj am inan Efek I ndonesia ( KPEI ) , dan PT Kust odian Sent ral Efek I ndonesia ( KSEI ) m em ast ikan uj i coba perubahan penyelesaian t ransaksi saham dalam t iga hari ( T+ 3) m enj adi dua hari
( T+ 2) dilangsungkan pada akhir Agust us at au Sept em ber 2018. Sem ent ara it u, hari pelaksanaan perdagangan T+ 2
akan dilakukan pada 26 Novem ber m endat ang. Source: I nvest or Daily
Bank Tabungan Negara ( BBTN) m encat at kan laba bersih Rp1,42 t riliun at au naik 12,01 persen yoy di sem est er I
2018 dipicu pendapat an bunga bersih yang m eningkat 12,9 persen yoy m enj adi Rp4,77 t riliun. BBTN m enyalurkan
kredit sebesar Rp 211,35 t riliun, dengan segm en kr edit sekt or perum ahan yang naik 19,76 persen ( yoy) m enj adi
Rp191,30 t riliun.Source: I QPlus
Wij aya Karya ( WI KA) dan Pem bangunan Perum ahan ( PTPP) m em im pin realisasi perolehan kont rak baru dengan persent ase m asing- m asing 39,51% dari t arget yang dipasang t ahun ini. WI KA berencana m enaikkan t ar get kont rak
baru 2018 dikarenakan realisasi yang posit if sej auh ini. Sedangkan Waskit a Karya ( WSKT) dan Adhi Karya ( ADHI )
m encat at realisasi 10,85 dan 27,03% dari t arget kont rak baru m asing - m asing. Source: Bisnis I ndonesia
Bum i Serpong Dam ai ( BSDE) m encet ak pendapat an prapenj ualan at au m arket ing sales senilai Rp3,8 t riliun sepanj ang sem est er I / 2018, m elonj ak 50% dibandingkan dengan periode yang sam a t ahun lalu Rp2,5 t riliun. Capaian
t ersebut set ara dengan 52% dari t arget m arket ing sales yang dipat ok pada t ahun ini senilai Rp7,2 t riliun. Source:
Bisnis I ndonesia
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
Bank Negara I ndonesia ( BBNI ) , m isalnya, m encat at kan laba Rp 7,44 t riliun at au naik 16% year on year ( yoy) .
Source: I nvest or Daily
Barit o Pacific ( BRPT) m enj aj aki right s issue sebagai salah sat u sum ber pendanaan pem bangunan pabrik pet rokim ia
I I m ilik PT Chandra Asri Pet rochem ical Tbk ( TPI A) di Cilegon. Pabrik t ersebut m em but uhkan invest asi sekit ar US$ 4,5
- 5,0 m iliar. Source: I nvest or Daily
Panca Budi I dam an ( PBI D) m enarget kan pabrik baru yang berlokasi di Johor Bahru, Malaysia dapat m ulai beroperasi
pada awal 2019. Source: Bisnis I ndonesia
Ace Hardware I ndonesia ( ACES) sepanj ang sem est er - I 2018 t elah m encapai penj ualan sebesar Rp 3,3 t riliun at au
naik 20,4% yoy dengan pert um buhan rat a- rat a penj ualan per t oko at au sam e st ore sales growt h ( SSSG) sebesar
13,4 % yoy. Hingga saat ini ACES t elah m em buka 10 gerai baru dengan t arget pem bukaan gerai baru hingga akhir
t ahun sebanyak 15 gerai. Source: Kont an
Bum i Serpong Dam ai ( BSDE) m encet ak m arket ing sales sebesar Rp 3,8 t riliun sepanj ang sem est er I - 2018 at au
m elonj ak 50% dibandingkan periode yang sam a t ahun lalu sebesar Rp 2,5 t riliun. Pencapaian t ersebut set ara dengan 52% dari t arget perusahaan. Source: I nvest or Daily
Jem bo Cable Com pany ( JECC) m engaku t elah m em enuhi separuh dari t arget t ahunan selam a sem est er - I 2018 dan
opt im is dapat m encapai t arget penj ualan Rp 2,5 t riliun yang t elah dit et apkan dengan pert um buhan sebesar 14,68%
yoy. Source: Kont an
Pem bangunan Perum ahan ( PTPP) m encat at kan perolehan kont rak baru di sepanj ang sem est er - I 2018 sebesar Rp
17,6 t riliun di sepanj ang sem est er pert am a t ahun ini, t urun 12,87% year on year ( yoy) . Source: Kont an
Tiga Pilar Sej aht era Food ( AI SA) at au TPS Food m em ast ikan t idak dapat m em enuhi kewaj iban pem bayaran kupon
obligasi dan sukuk ij arah I t ahun 2013 yang j at uh t em po hari ini, Kam is ( 19/ 7) . Menurut perseroan, kondisi kas dan
set ara kas t idak m em adai unt uk m em enuhi kewaj iban t ersebut . Source: I nvest or Daily
Vale I ndonesia ( I NCO) sepanj ang t ahun ini m enarget kan produksi nickel m at t e sebanyak 77.000 t on. Manaj em en
Vale I ndonesia opt im is nickel m at t e yang selam a ini m ereka produksi sesuai unt uk kebut uhan bahan baku pem buat an bat erai m obil list rik. Source: Kont an
w w w .sina r m a sse k ur it a s.co.id
Se e im por t a n t discla im e r a t t he e nd of t his r e por t
3
W or ld Equ it y I n dices
W O R L D E Q U IT Y IN D IC E S
NO
T IC K E R
A m e 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
21,496.13
480.07
1.94
20.64
16.26
3.88
3.94
7,058.00
7,058.00
2
SP X Index
2,872.87
2,417.35
142.01
5.31
22.45
17.62
3.30
3.36
24,786.40
24,786.40
3
C C M P Index
7,867.15
6,177.19
951.06
13.78
38.89
23.73
3.80
3.82
12,293.92
12,293.92
4
SP T SX Index
16,586.46
14,785.78
268.27
1.66
19.79
15.86
1.91
1.93
2,525.04
1,915.67
5
M EXB O L Index
51,772.37
44,429.36
(351.65)
(0.71)
19.74
17.55
2.65
2.81
5,942.33
315.11
3,708.82
3,261.86
(18.88)
(0.54)
18.32
14.07
1.67
1.71
2,937.07
3,422.57
(11.49)
E uro pe
6
SX5E Index
7
UKX Index
7,903.50
6,866.94
(0.15)
23.11
13.73
1.97
1.98
2,126.24
2,777.09
8
C A C Index
5,657.44
4,995.07
134.88
2.54
18.26
14.72
1.67
1.71
1,588.50
1,851.08
9
D A X Index
13,596.89
11,726.62
(151.70)
(1.17)
19.09
13.33
1.86
1.90
1,172.72
1,366.57
10
IB EX Index
10,758.20
9,327.60
(290.70)
(2.89)
15.08
12.73
1.47
1.49
608.88
709.53
11
F T SEM IB Index
24,544.26
21,122.51
118.88
0.54
28.75
11.80
1.18
1.19
515.98
601.27
12
A EX Index
572.90
505.92
23.61
4.34
18.98
15.59
1.91
1.95
679.85
792.23
13
SM I Index
9,616.38
8,372.90
(443.75)
(4.73)
24.59
15.74
2.59
2.70
1,083.13
1,084.22
6,306.10
5,639.40
179.98
2.97
17.90
15.91
2.09
2.05
1,852.22
1,370.46
A s ia / P a c if ic
14
A S51 Index
15
A S30 Index
6,386.70
5,702.20
161.85
2.62
18.90
15.89
2.00
1.97
2,019.06
1,493.90
16
SH SZ 300 Index
4,403.34
3,295.73
(599.54)
(14.87)
16.58
11.55
2.05
1.98
26,621.63
3,927.19
17
SH A SH R Index
3,757.20
2,818.06
(544.48)
(15.72)
16.86
11.09
1.80
1.76
29,481.56
4,349.08
18
SZ A SH R Index
2,140.56
1,573.34
(325.91)
(16.41)
29.07
17.72
3.12
3.13
20,103.30
2,965.61
19
H SI Index
33,484.08
26,541.56
(1,801.73)
(6.02)
13.70
11.28
1.39
1.37
18,290.56
2,330.10
20
H SC EI Index
13,962.53
10,450.39
(1,130.84)
(9.66)
9.14
7.46
1.05
1.02
11,597.07
1,477.39
21
SEN SEX Index
36,747.87
31,081.83
2,316.61
6.80
24.53
18.93
3.12
3.21
64,797.19
946.77
22
N IF T Y Index
23
J C I Index
24
LQ 45 Index
25
26
11,171.55
9,685.55
449.75
4.27
23.76
18.56
3.12
3.20
79,678.14
1,164.20
6,693.47
5,557.56
(464.92)
(7.32)
24.22
14.98
2.52
2.54
6,659,200.51
462.44
1,132.92
871.91
(152.68)
(14.14)
21.16
15.70
3.39
3.45
4,137,673.73
287.34
KSE100 Index
47,241.17
37,736.73
426.42
1.05
8.99
8.40
1.46
1.32
7,173.64
56.02
N KY Index
24,129.34
19,239.52
29.25
0.13
19.43
16.49
1.89
1.91
388,762.30
3,446.47
27
N EY Index
376.09
311.55
(10.78)
(3.02)
16.02
13.58
1.38
1.39
441,439.52
3,913.47
28
T P X Index
1,911.31
1,578.66
(66.35)
(3.65)
16.36
13.69
1.41
1.41
658,859.01
5,840.95
29
F B M KLC I Index
1,896.03
1,657.78
(43.74)
(2.43)
16.68
16.73
1.67
1.72
1,095.58
270.31
30
N Z SE Index
1,606.69
1,396.64
72.83
4.82
19.27
20.50
2.03
3.47
130.00
88.36
31
P C O M P Index
9,078.37
6,923.67
(1,107.05)
(12.94)
22.98
17.11
2.51
2.60
9,276.65
173.51
32
F SST I Index
3,641.65
3,176.26
(162.42)
(4.77)
11.12
12.93
1.22
1.19
551.84
404.34
33
KO SP I Index
2,607.10
2,243.90
(177.38)
(7.19)
12.75
9.00
1.05
1.04
1,478,773.63
1,307.95
34
T WSE Index
11,270.18
10,189.04
199.60
1.88
15.56
13.82
1.75
1.74
32,305.07
1,055.27
35
SET Index
1,852.51
1,556.22
(117.86)
(6.72)
18.92
15.02
2.08
2.09
16,473.79
494.60
36
SET 50 Index
1,223.67
991.42
(57.92)
(5.10)
17.52
14.96
2.26
2.31
11,316.15
339.75
37
VN IN D EX Index
1,211.34
753.82
(41.85)
(4.25)
18.95
16.17
2.81
2.69
2,993,014.53
129.88
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
L Q 4 5 In d e x
1 8 -J u l -1 8
5 2 -W E E K
H IG H
C H A N G E Y TD
LOW
P O IN T
1
A D H I IJ
1 ,6 5 0
2 ,5 1 0
1 ,5 3 5
2
A D R O IJ
1 ,8 6 5
2 ,6 5 0
1 ,5 7 5
3
A K R A IJ
4 ,7 4 0
8 ,0 2 5
3 ,9 6 0
4
A N TM IJ
885
1 ,0 1 5
600
5
A S II IJ
6 ,6 5 0
8 ,7 5 0
6 ,1 0 0
(2 3 5 )
5
(1 , 6 1 0 )
260
(1 , 6 5 0 )
%
(1 2 . 4 7 )
0 .2 7
(2 5 . 3 5 )
4 1 .6 0
(1 9 . 8 8 )
P E R (x )
2017
2018E
P B V (x )
2017
2018E
M A R K ET C A P
(B n )
1 3 .0 2
6 .9 3
1 .1 5
0 .9 0
5 ,8 7 5 .4 0
9 .0 6
8 .1 0
1 .2 6
1 .1 2
5 9 ,6 5 3 .8 2
2 8 .1 1
1 7 .1 9
3 .3 7
2 .2 1
1 9 ,0 2 9 .6 5
4 8 .2 1
0 .8 1
1 .1 6
2 1 ,2 6 7 .2 3
1 7 .8 2
1 2 .9 0
2 .7 2
1 .9 6
2 6 9 ,2 1 5 .6 3
-
6
B B C A IJ
2 3 ,2 0 0
2 4 ,7 0 0
1 8 ,2 0 0
1 ,3 0 0
5 .9 4
2 3 .1 7
2 2 .1 2
4 .1 1
3 .7 9
5 7 1 ,9 9 6 .2 1
7
B B N I IJ
7 ,3 7 5
1 0 ,1 7 5
6 ,7 5 0
(2 , 5 2 5 )
(2 5 . 5 1 )
1 3 .5 6
8 .8 6
1 .8 7
1 .2 7
1 3 7 ,5 3 3 .8 4
8
B B R I IJ
2 ,8 5 0
3 ,9 2 0
2 ,7 2 0
(7 9 0 )
(2 1 . 7 0 )
1 5 .3 4
1 0 .8 1
2 .6 7
1 .8 8
3 5 1 ,5 3 5 .5 6
2 6 ,4 7 5 .0 0
9
B B TN IJ
2 ,5 0 0
3 ,8 9 0
2 ,1 1 0
(1 , 0 7 0 )
(2 9 . 9 7 )
1 2 .4 9
7 .6 3
1 .7 5
1 .0 6
10
B J B R IJ
2 ,0 8 0
2 ,9 9 0
1 ,9 2 0
(3 2 0 )
(1 3 . 3 3 )
1 9 .2 0
1 3 .6 6
2 .3 1
1 .9 4
2 0 ,1 6 8 .2 9
11
B M R I IJ
6 ,4 0 0
9 ,0 5 0
6 ,2 5 0
(1 , 6 0 0 )
(2 0 . 0 0 )
1 8 .0 9
1 2 .1 5
2 .2 4
1 .6 5
2 9 8 ,6 6 6 .6 7
12
B M TR IJ
510
755
474
(8 0 )
(1 3 . 5 6 )
0 .8 8
-
13
B R P T IJ
1 ,7 8 0
2 ,7 2 0
1 ,5 3 0
(4 8 0 )
(2 1 . 2 4 )
2 8 .8 9
1 5 .4 5
2 .1 6
0 .9 0
3 1 ,6 6 9 .5 9
14
B S D E IJ
1 ,4 0 5
1 ,9 6 5
1 ,3 9 0
(2 9 5 )
(1 7 . 3 5 )
6 .6 1
9 .0 8
1 .2 9
0 .9 7
2 7 ,0 4 1 .6 1
15
B U M I IJ
226
362
-
-
1 4 ,7 7 5 .6 4
16
EX C L IJ
1 .4 6
1 .3 6
3 0 ,3 5 3 .8 1
17
G G R M IJ
7 0 ,0 0 0
1 3 4 ,6 8 6 .1 6
18
H M S P IJ
3 ,7 0 0
19
IC B P IJ
8 ,6 5 0
20
IN C O IJ
4 ,3 5 0
4 ,6 5 0
2 ,0 7 0
1 ,4 6 0
5 0 .5 2
21
IN D F IJ
6 ,4 0 0
8 ,8 0 0
6 ,0 7 5
(1 , 2 2 5 )
(1 6 . 0 7 )
22
IN D Y IJ
3 ,2 8 0
4 ,6 3 0
790
23
IN TP IJ
1 3 ,5 0 0
2 3 ,9 5 0
1 2 ,5 0 0
(8 , 4 5 0 )
24
J S M R IJ
4 ,8 1 0
6 ,7 7 5
3 ,9 2 0
(1 , 5 9 0 )
25
K L B F IJ
1 ,2 7 0
1 ,7 9 5
1 ,1 5 5
26
L P K R IJ
392
805
27
L P P F IJ
8 ,1 7 5
1 3 ,1 5 0
28
M N C N IJ
1 ,0 0 0
1 ,8 2 5
850
29
M YR X IJ
127
198
101
30
P G A S IJ
1 ,7 2 0
2 ,8 6 0
1 ,3 6 5
31
P TB A IJ
4 ,3 3 0
4 ,4 5 0
1 ,8 1 0
32
P TP P IJ
2 ,1 8 0
3 ,2 8 0
1 ,8 4 0
(4 6 0 )
(1 7 . 4 2 )
33
P W O N IJ
560
725
494
(1 2 5 )
(1 8 . 2 5 )
34
S C M A IJ
2 ,1 9 0
2 ,9 8 0
1 ,9 3 5
(2 9 0 )
35
S M G R IJ
7 ,0 7 5
1 1 ,7 7 5
6 ,5 0 0
(2 , 8 2 5 )
36
S R IL IJ
334
414
302
37
S S M S IJ
1 ,3 0 5
1 ,5 8 0
38
TL K M IJ
4 ,0 1 0
4 ,7 9 6
39
TP IA IJ
5 ,0 5 0
6 ,6 7 5
40
TR A M IJ
348
432
78
-
-
41
U N TR IJ
3 3 ,0 0 0
4 0 ,5 0 0
2 7 ,8 2 5
(2 , 4 0 0 )
(6 . 7 8 )
1 7 .8 4
1 2 .6 1
2 .9 1
2 .3 8
1 2 3 ,0 9 4 .4 6
42
U N V R IJ
4 5 ,7 7 5
5 8 ,1 0 0
4 3 ,8 7 5
(1 0 , 1 2 5 )
(1 8 . 1 1 )
6 0 .8 9
4 5 .4 3
8 2 .4 4
5 5 .6 6
3 4 9 ,2 6 3 .2 5
43
W IK A IJ
1 ,4 9 5
2 ,1 9 0
1 ,2 1 0
(5 5 )
(3 . 5 5 )
1 1 .5 5
8 .9 1
1 .1 0
0 .9 6
1 3 ,4 1 0 .0 8
44
W S B P IJ
388
510
336
(2 0 )
(4 . 9 0 )
1 0 .5 6
7 .8 7
1 .4 7
1 .1 2
1 0 ,2 2 8 .1 3
W S K T IJ
2 ,0 3 0
3 ,1 5 0
1 ,7 7 0
(1 8 0 )
(8 . 1 4 )
7 .3 8
6 .2 9
2 .1 4
1 .5 6
2 7 ,5 5 5 .0 2
45
-
-
7 ,2 4 1 .3 0
166
(4 4 )
(1 6 . 3 0 )
2 .5 7
2 .6 2
1 ,7 1 0
(1 2 0 )
(4 . 0 5 )
8 5 .1 6
4 7 .8 5
8 6 ,4 0 0
6 1 ,9 2 5
(1 3 , 8 0 0 )
(1 6 . 4 7 )
2 0 .8 0
1 5 .9 9
3 .8 2
2 .9 5
5 ,5 5 0
3 ,2 3 0
(1 , 0 3 0 )
(2 1 . 7 8 )
4 3 .5 4
3 2 .0 9
1 6 .1 3
1 2 .1 7
4 3 0 ,3 7 6 .8 8
9 ,2 7 5
7 ,9 0 0
(2 5 0 )
(2 . 8 1 )
2 7 .3 1
2 4 .1 2
5 .3 1
4 .6 5
1 0 0 ,8 7 5 .5 0
2 ,8 4 0
2 5 .1 7
1 .1 6
1 .5 7
4 3 ,2 2 3 .0 7
1 6 .1 7
1 2 .4 9
2 .1 5
1 .6 4
5 6 ,1 9 4 .7 3
3 .5 0
5 .8 4
1 .2 7
1 .1 4
1 7 ,0 8 9 .4 3
(3 8 . 5 0 )
4 3 .4 5
2 8 .0 8
3 .2 9
2 .0 0
4 9 ,6 9 6 .6 3
(2 4 . 8 4 )
2 1 .1 1
1 7 .7 2
3 .0 8
2 .0 4
3 4 ,9 1 0 .3 6
(4 2 0 )
(2 4 . 8 5 )
3 2 .9 6
2 3 .4 5
5 .9 6
4 .0 3
5 9 ,5 3 1 .4 1
322
(9 6 )
(1 9 . 6 7 )
1 8 .0 9
1 0 .3 9
0 .4 9
0 .4 1
9 ,0 5 0 .1 7
7 ,8 7 5
(1 , 8 2 5 )
(1 8 . 2 5 )
1 5 .2 9
1 1 .5 7
1 2 .5 3
6 .2 9
2 3 ,8 5 3 .9 8
(2 8 5 )
(2 2 . 1 8 )
1 1 .7 8
8 .6 2
1 .8 6
1 .3 3
1 4 ,2 7 6 .1 0
17
1 5 .4 5
220
7 .1 9
-
-
-
1 1 ,0 1 1 .3 1
2 0 .7 7
1 1 .9 4
0 .9 9
0 .9 2
4 1 ,6 9 5 .3 9
5 .7 9
1 0 .0 0
1 .9 1
2 .9 0
4 9 ,8 8 4 .4 5
1 1 .2 6
7 .7 3
1 .4 3
1 .0 8
1 3 ,5 1 5 .7 8
1 7 .6 2
1 2 .1 3
3 .2 0
2 .1 7
2 6 ,9 6 9 .3 8
(1 1 . 6 9 )
2 7 .2 4
1 9 .2 4
9 .3 0
6 .2 1
3 2 ,0 2 1 .3 1
(2 8 . 5 4 )
2 9 .1 4
1 9 .6 5
2 .0 3
1 .3 9
4 1 ,9 6 5 .5 0
(4 6 )
(1 2 . 1 1 )
7 .2 6
1 .1 8
-
1 ,0 0 5
(1 9 5 )
(1 3 . 0 0 )
1 8 .4 4
1 3 .4 5
3 .5 4
2 .6 9
1 2 ,4 3 0 .1 3
3 ,2 5 0
(3 8 9 )
(8 . 8 4 )
1 9 .6 8
1 7 .2 3
4 .7 0
3 .8 9
4 0 4 ,2 0 7 .9 9
4 ,1 4 0
(9 5 0 )
(1 5 . 8 3 )
2 3 .8 1
2 1 .9 2
4 .7 4
3 .5 0
9 0 ,0 5 9 .2 8
150
7 5 .7 6
(3 0 )
1 ,8 7 0
(1 . 7 1 )
7 6 .0 2
-
-
-
-
-
6 ,8 3 1 .0 3
1 7 ,2 7 1 .7 5
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 ( %)
(0.08)
0.38
(5.41)
(9.67)
0.50
(0.76)
(4.84)
11.84
P ro perty
B asic Industry
(0.99)
(0.75)
(3.50)
(5.48)
Finance
0.64
0.93
(3.10)
(10.04)
M iscellaneo us Industry
0.56
0.53
(4.77)
(15.18)
Co nsumer
0.21
(2.08)
(0.37)
(15.07)
Infrastructure
1.53
1.08
4.76
(7.91)
A griculture
1.31
0.56
(5.65)
(10.37)
M ining
1.88
1.55
4.15
27.41
J un- 18
M a y- 18
Trade
E c o no m ic Indic a t o rs
E c o no m ic P a ra m e t e rs
Inflatio n YTD (in %)
1.90
3.61
Inflatio n Yo Y (in %)
3.12
3.23
Inflatio n M o M (in %)
0.59
0.21
119.80
122.91
Fo reign Reserves (in USD bn)
F OR EX
S po t R a t e
USD/IDR
1- D a y ( %) 1- M o nt h ( %)
Y T D ( %)
14,414.00
-
(3.34)
(5.96)
USD/CNY
6.72
(0.18)
(4.17)
(3.16)
USD/EUR
0.86
(0.10)
(0.52)
3.04
USD/JP Y
112.76
0.09
(2.39)
(0.06)
USD/SGD
1.37
(0.01)
(0.62)
(2.15)
USD/A UD
1.35
(0.07)
(0.30)
5.45
USD/GB P
0.76
(0.03)
0.76
3.34
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 )
1.02
SIB OR ( in USD)
1.46
Indo nesia 5-Year Go vernment B o nds Yield
7.60
Indo nesia 10-Year Go vernment B o nds Yield
7.70
Indo nesia 15-Year Go vernment B o nds Yield
7.90
Source: Bloomberg, Sinarmas Investment Research
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6
St a t e Budge t
I NDI CAT OR
2016
2017
2018
LKPP
APBNP
RAPBN
GDP Gr owth ( % , YoY)
5,0%
5,2%
5,4%
Ex change r ate ( USD/ I DR)
13307
13300
13500
I nflation ( % , YoY)
3%
4,3%
3,5%
3 Months SPN ( % )
5,7%
5,2%
5,3%
40
45
48
I ndonesian Cr ude Oil ( USD/ bar r el)
Oil Lifting ( thousands bar r el/ day )
829
815
800
Gas Lifting ( thousands, BOE/ day )
1.18
1.15
1.2
Total State Budget ( in I DR tr illion)
1556
1714
1878
Upcom ing I PO
Co m p a n y
I PO
Pr ice
( Rp )
Bu sin e ss
I ssu e d
Sh a r e s
( Mn )
Mahk ota Gr oup Tbk
NFC I ndonesia Tbk
Of f e r in g Da t e ( 2 0 1 7 )
List in g
703.7
03/ 07/ 2018 - 09/ 07/ 2018
12- Jul- 18
166.7
03/ 07/ 2018 - 05/ 07/ 2018
10- Jul- 18
Pollux Pr oper ti I ndonesia Tbk
1247.8
03/ 07/ 2018 - 05/ 07/ 2018
11- Jul- 18
Siner gi Megah I nter nusa Tbk
1200.0
03/ 07/ 2018 - 05/ 07/ 2018
12- Jul- 18
400.0
02/ 07/ 2018 - 04/ 07/ 2018
09- Jul- 18
Batav ia Pr osper indo Tr ans Tbk
Un d e r w r it e r
D ivide nd
St o ck
D PS ( Rp )
Cu m D a t e
Ex D a t e
Re co r d in g
Pa y m e n t
BMAS
8
St a t u s
06/ 07/ 2018
09/ 07/ 2018
11/ 07/ 2018
02/ 08/ 2018
I NAI
30
06/ 07/ 2018
09/ 07/ 2018
11/ 07/ 2018
02/ 08/ 2018
C SAP
4
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
I MAS
5
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
I MJS
1.2
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
KKGI
2
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
30/ 07/ 2018
KMTR
17.27
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
18/ 07/ 2018
MARI
12
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
RUI S
5
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
Right s I ssu e
T ick e r
Pr ice ( Rp )
Cu m Da t e
EX Da t e
T r a d in g
BBKP
3
Ra t io
:
10
570
06/ 07/ 2018
09/ 07/ 2018
13/ 07/ 2018 - 25/ 07/ 2018
PEGE
3
:
1
100
06/ 07/ 2018
09/ 07/ 2018
13/ 07/ 2018 - 19/ 07/ 2018
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
Pick s of Th e D a y
ADRO - Daily 7/18/2018 4:14:00 PM Open 1790, Hi 1865, Lo 1780, Clos e 1865 (6.0%) MA(Clos e,50) = 1,834.80
2,600
2,500
2,400
2,300
2,200
2,100
2070
2020
1960
1930
1895
1850
1810
2,000
1,900
1,865
1,834.8
1,800
1750
1,700
1690
1665
1615
1,600
1575
Jul
Aug
Sep
Oct
ADRO - MACD(12,26) = -11.21, Signal(12,26,9) = -16.87
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
100
-11.2131 0
-16.8667
-100
Jul
Aug
Sep
Oct
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
ADRO - Stoch %K(15,3) = 56.55, Stoch %D(15,3,3) = 57.36
80
57.3624
56.5476
20
AD RO : TRAD I N G BUY
AD RO berhasil break Resist ance 1.850, AD RO berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 1.895, 1.930 dan
1.960 dalam j angka pendek. Nam un, j ika AD RO gagal break Resist ance 1.895 m aka akan m encoba Support 1.850, 1.810 dan
1.750. AD RO dilihat I ndikat or St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss
: 1.865 — 1.875
: 1.930 ( 3.5% ) , 1.960 ( 5.1% )
: 1.810 ( - 2.9% )
LSIP - Daily 7/18/2018 4:13:00 PM Open 920, Hi 970, Lo 920, Clos e 955 (3.8%) MA(Clos e,50) = 1,093.20
1,550
1,500
1,450
1,400
1,350
1,300
1,250
1,200
1,150
1,100
1,093.2
1,050
1030
1010
985
970
1,000
955
950
940
915
Aug
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
900
Jul
LSIP - MACD(12,26) = -53.04, Signal(12,26,9) = -59.35
0
Aug
Sep
Oct
Nov
LSIP - Stoch %K(15,3) = 21.16, Stoch %D(15,3,3) = 15.89
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
-50
-53.0447
-59.3498
80
21.1594
20
15.8882
LSI P : TRAD I N G BUY
LSI P berhasil break Resist ance 940, LSI P berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 970, 985 dan 1.010,
Nam un, j ika LSI P gagal break Resist ance 985 m aka akan m encoba Support 940 dan 915. LSI P dilihat I ndikat or MACD dan Stoc
osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss
: 955 — 965
: 985 ( 3.1% ) , 1.010 ( 5.8% )
: 915 ( - 4.2% )
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Pick s of Th e D a y
ITMG - Daily 7/18/2018 4:05:00 PM Open 24300, Hi 25050, Lo 24200, Clos e 24825 (2.6%) MA(Clos e,50) = 24,601.50
33,000
32,000
31,000
30,000
29000
29,000
28450
28000
28,000
27225
27,000
26400
25725
25300
24750
24325
26,000
25,000
24,825
24,601.5
24,000
23650
23,000
22950
22200
22,000
21000
21,000
20,000
19,000
18,000
17,000
Jul
Aug
Sep
Oct
ITMG - MACD(12,26) = -103.50, Signal(12,26,9) = -311.31
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
2,000
1,000
-103.505 0
-311.308
-1,000
Jul
Aug
Sep
Oct
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
ITMG - Stoch %K(15,3) = 75.39, Stoch %D(15,3,3) = 75.06
80
75.3876
75.0646
20
I TM G : TRAD I N G BUY
I TM G berhasil break Resist ance 24.750, I TM G t erbuka berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 25.300,
25.725 dan 26.400 dalam j angka pendek. Nam un, j ika I TMG gagal break di Resist ance 25.300 m aka akan m encoba Support
24.750 dan 24.325. I TM G dilihat I ndikat or Stoc osc dan MACD m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss
: 24.825 — 24.900
: 25.300 ( 1.9% ) , 25.725 ( 3.6% )
: 24.325 ( - 2.0% )
BBTN - Daily 7/18/2018 4:13:00 PM Open 2460, Hi 2560, Lo 2440, Clos e 2500 (2.5%) MA(Clos e,50) = 2,761.00
3,800
3,600
3,400
3,200
3,000
2,800
2,761
2670
2600
2550
2490
2,600
2,500
2,400
2400
2360
2300
2,200
Aug
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
BBTN - MACD(12,26) = -125.35, Signal(12,26,9) = -164.28
100
0
-100
-125.35
-164.282
-200
Aug
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
BBTN - Stoch %K(15,3) = 72.48, Stoch %D(15,3,3) = 57.56
80
72.4813
57.5621
20
BBTN : TRAD I N G BUY
BBTN berhasil break Resist ance 2.490, BBTN berpeluang m enguj i Resist ance 2.550, 2.600 dan 2.670 dalam j angka pendek.
Nam un, j ika BBTN gagal break di Resist ance 2.550 m aka BBTN akan m encoba Support 2.490, 2.440 dan 2.400. BBTN dilihat
I ndikator MACD dan St oc osc m engindikasikan pola Upt rend
Ent ry point
Exit point
St op Loss
: 2.500 — 2.520
: 2.550 ( 2.0% ) , 2.600 ( 4.0% )
: 2.440 ( - 2.4% )
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DISCLAIMER
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judg-
ment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or
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expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever
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Volume
7,000
ID X Statistics
JCI Index
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
6,000
5,000
4,000
3,000
C lo sing
JCI
5,890.73
Transaction Value Regular M arket (IDR tn)
5.513
Transaction Volume Regular M arket (mn shares)
6,917
Foreign Net Buy (Sell) (IDR bn)
Foreign Net Buy (Sell)
(3.66)
Total M arket Capitalization (IDR tn)
Other Indices
I HSG n a ik se b a n ya k 2 9 .2 p o in (0 .5 % ) ke le ve l 5 8 9 0 .7 3 .
Se m e n t a ra LQ4 5 n a ik se b a n ya k 6 .7 p o in (0 .7 3 % ) ke le ve l
9 2 6 .7 1 . Fo re ig n n e t se ll se b e sa r Rp 3 5 .6 6 m ilia r.
•
I HSG diperkirakan bergerak m enguat . Bursa AS dit ut up
m enguat pada perdagangan Rabu ( 18/ 07) m enyusul laporan keuangan sebagian besar em it en cukup posit if. Harga
crude oil naik ke level USD 68.87 per barrel. Har ga bat ubara naik ke level USD 119.60 per Mt . Rupiah bergerak
st abil t erhadap Dollar AS ke level I DR 14.392. 10Yr Governm ent Bonds Yield naik ke level 7.70% .
•
•
•
•
Dari dalam negeri, JP Morgan Chase Bank & Co, kem bali
m enaikkan rekom endasi kepada invest or t erkait peringkat
surat ut ang at au obligasi I ndonesia. I ndonesia naik level
dari net ral ke overweight . Sebelum nya, pada Januari
2017, JP Morgan m enaikkan rekom endasi I ndonesia dari
underweight ke net ral.
Sehubungan dengan em it en, BBTN m encat at kan laba bersih Rp 1,42 t riliun at au naik 12,01% yoy di sem est er I
2018 didukung oleh pendapat an bunga bersih yang m eningkat 12,9% yoy m enj adi Rp 4,77 t riliun. BBTN m enyalurkan kredit sebesar Rp 211,35 t riliun, dengan segm en
kredit sekt or perum ahan yang naik 19,76% yoy m enj adi
Rp191,30 t riliun. Maint ain BUY unt uk saham BBTN dengan
TP: Rp 3,475.
PTPP m encat at kan perolehan kont rak baru di sepanj ang
sem est er - I 2018 sebesar Rp 17,6 t riliun di sepanj ang sem est er pert am a t ahun ini, t urun 12,87% yoy. Hasil t ersebut m encapai 39,51% dari t arget t ahun ini.
Secara t eknikal indeks hari Kam is ( 19/ 07) , I HSG diprediksi
bergerak di kisaran 5871 - 5922.
Top BUY: AD RO, LSI P, I TM G, BBTN
w w w .sina r m a sse k ur it a s.co.id
6,659.20
C lo sing
YT D
C hg (%)
(14.14)
23.46
0.73
(17.48)
21.12
0.43
(14.98)
25,199.29
0.32
1.94
926.71
EIDO
IDX
1-D ay C hg (%)
0.73
LQ45
DOW JONES
Toda y’ s M a r k e t :
(36)
S&P 500
2,815.62
0.22
NASDAQ
7,854.44
(0.01)
13.78
5.31
FTSE
7,676.28
0.65
(0.15)
NIKKEI
22,794.19
0.43
0.13
HANG SENG
28,117.42
(0.23)
(6.02)
STRAITS TIM ES
3,240.50
0.03
(4.77)
KLSE
1,753.07
0.91
(2.43)
C urrency Spo t R ate
R ate (ID R )
1-D ay C hg (%)
YT D
C hg (%)
USD/IDR
14,392.00
0.00
5.96
EUR/IDR
16,782.80
0.07
3.39
JPY/IDR
127.84
0.36
5.78
SGD/IDR
10,556.14
0.10
3.88
AUD/IDR
10,672.81
0.46
0.81
GBP/IDR
18,850.75
(0.23)
2.82
C o mmo dities
Last
T ransactio n
P rice
YT D
C hg (%)
Crude Oil (USD/barrel)
68.87
8:01:44 AM
14.00
Coal (USD/mn tons)
119.60
7/18/2018
18.65
2.73
8:00:51AM
(7.62)
Natural Gas (USD/mmBtu)
Gold (USD/ounce)
1,226.55
8:11:46 AM
(5.85)
Nickel (USD/mn tons)
13,695.00
8:11:46 AM
7.33
Tins (USD/mn tons)
19,475.00
7/18/2018
(2.75)
2,200.00
7/18/2018
(9.98)
CPO (M YR/mn tons)
Rubber (JPY/kg)
165.50
7:52:18 AM
(19.43)
Wheat (USD/bushel)
494.50
8:00:00 AM
15.81
Corn (USD/bushel)
347.25
7:56:10 AM
(1.00)
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
JP Morgan Chase Bank & Co, kem bali m enaikkan rekom endasi kepada invest or t erkait peringkat surat ut ang at au
obligasi I ndonesia. I ndonesia naik level dari net ral ke overweight . Sebelum nya, pada Januari 2017, JP Morgan
m enaikkan rekom endasi I ndonesia dari underweight ke net ral. Source: Kont an
Holding Perkebunan Nusant ara PTPN I I I ( Persero) sepanj ang Januari- Juli 2018 t elah m enggiling sedikit nya 3,90 j ut a
t on t ebu dengan produksi gula sebanyak 260 ribu t on. Produksi gula sebanyak it u naik 20% dibanding periode sam a
t ahun sebelum nya karena m em baiknya produkt ivit as dan rendem enan t anam an t ebu. Tahun ini, kelom pok BUMN
perkebunan t ersebut m enarget kan produksi gula sebanyak 1,20 j ut a t on yang dihasilkan dari 14,20 j ut a t on t ebu.
Source: I nvest or Daily
Him punan Bank Milik Negara ( Him bara) dan Bank Tabungan Negara ( BBTN) m engat akan bahwa perseroan dan Him bara t idak ikut dalam sindikasi kredit unt uk I nalum . Source: Bisnis I ndonesia
Lem baga Penj am inan Sim panan ( LPS) m enaikkan t ingkat bunga penj am inan at au LPS rat e senilai 25 bps m enj adi
6,25% , m elanj ut kan penaikan yang t elah dilakukan pada Juni sebesar 25 bps. Penaikan ini sekaligus m enandai berakhirnya rezim suku bunga rendah. Source: Bisnis I ndonesia
Kem ent erian Perindust rian ( Kem enperin) m enarget kan produksi m obil rendah em isi karbon ( low carbon em ission
vehicle/ LCEV) dim ulai pada 2020 dengan volum e 150 ribu unit at au 10% dari est im asi t ot al produksi sebanyak 1,5
j ut a unit . Produksi LCEV dit arget kan t erus m eningkat m enj adi 400 ribu unit pada 2025 at au 20% dari t ot al produksi
2 j ut a unit . Source: I nvest or Daily
PT Pert am ina ( Persero) m erevisi anggaran invest asinya pada t ahun ini m enj adi sekit ar US$ 4 m iliar at au t urun
28,44% dari awalnya US$ 5,59 m iliar. Flukt uasi harga m inyak dan nilai t ukar Rupiah m enj adi salah sat u penyebab
revisi ini. Source: I nvest or Daily
Pem erint ah dalam Rancangan Anggaran Pendapat an dan Belanj a Negara ( RAPBN) 2019 m engurangi belanj a barang
dan m erelokasi ke belanj a priorit as. Pengurangan belanj a barang yang m encapai sekit ar Rp 34,1 t riliun it u di ant aranya akan dialihkan unt uk m em bangun sarana dan prasarana sekolah yang rusak. Sour ce: I nvest or Daily
Lem baga Penj am in Sim panan ( LPS) kem bali m enaikkan suku bunga penj am inan sebesar 25 basis poin ( bps) . Kenaikan t ersebut berlaku unt uk sim panan rupiah dan valut a asing ( valas) bank um um dan sim panan rupiah di bank
perkredit an rakyat ( BPR) . Suku bunga penj am inan rupiah bank um um m enj adi 6,25% , valas 1,50% , suku bunga
penj am inan rupiah BPR m enj adi 8,75% . Ket ent uan t ersebut berlaku m ulai 18 Juli sam pai dengan 17 Sept em ber
2018. Source: I nvest or Daily
PT Bursa Efek I ndonesia ( BEI ) , PT Kliring Penj am inan Efek I ndonesia ( KPEI ) , dan PT Kust odian Sent ral Efek I ndonesia ( KSEI ) m em ast ikan uj i coba perubahan penyelesaian t ransaksi saham dalam t iga hari ( T+ 3) m enj adi dua hari
( T+ 2) dilangsungkan pada akhir Agust us at au Sept em ber 2018. Sem ent ara it u, hari pelaksanaan perdagangan T+ 2
akan dilakukan pada 26 Novem ber m endat ang. Source: I nvest or Daily
Bank Tabungan Negara ( BBTN) m encat at kan laba bersih Rp1,42 t riliun at au naik 12,01 persen yoy di sem est er I
2018 dipicu pendapat an bunga bersih yang m eningkat 12,9 persen yoy m enj adi Rp4,77 t riliun. BBTN m enyalurkan
kredit sebesar Rp 211,35 t riliun, dengan segm en kr edit sekt or perum ahan yang naik 19,76 persen ( yoy) m enj adi
Rp191,30 t riliun.Source: I QPlus
Wij aya Karya ( WI KA) dan Pem bangunan Perum ahan ( PTPP) m em im pin realisasi perolehan kont rak baru dengan persent ase m asing- m asing 39,51% dari t arget yang dipasang t ahun ini. WI KA berencana m enaikkan t ar get kont rak
baru 2018 dikarenakan realisasi yang posit if sej auh ini. Sedangkan Waskit a Karya ( WSKT) dan Adhi Karya ( ADHI )
m encat at realisasi 10,85 dan 27,03% dari t arget kont rak baru m asing - m asing. Source: Bisnis I ndonesia
Bum i Serpong Dam ai ( BSDE) m encet ak pendapat an prapenj ualan at au m arket ing sales senilai Rp3,8 t riliun sepanj ang sem est er I / 2018, m elonj ak 50% dibandingkan dengan periode yang sam a t ahun lalu Rp2,5 t riliun. Capaian
t ersebut set ara dengan 52% dari t arget m arket ing sales yang dipat ok pada t ahun ini senilai Rp7,2 t riliun. Source:
Bisnis I ndonesia
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
Bank Negara I ndonesia ( BBNI ) , m isalnya, m encat at kan laba Rp 7,44 t riliun at au naik 16% year on year ( yoy) .
Source: I nvest or Daily
Barit o Pacific ( BRPT) m enj aj aki right s issue sebagai salah sat u sum ber pendanaan pem bangunan pabrik pet rokim ia
I I m ilik PT Chandra Asri Pet rochem ical Tbk ( TPI A) di Cilegon. Pabrik t ersebut m em but uhkan invest asi sekit ar US$ 4,5
- 5,0 m iliar. Source: I nvest or Daily
Panca Budi I dam an ( PBI D) m enarget kan pabrik baru yang berlokasi di Johor Bahru, Malaysia dapat m ulai beroperasi
pada awal 2019. Source: Bisnis I ndonesia
Ace Hardware I ndonesia ( ACES) sepanj ang sem est er - I 2018 t elah m encapai penj ualan sebesar Rp 3,3 t riliun at au
naik 20,4% yoy dengan pert um buhan rat a- rat a penj ualan per t oko at au sam e st ore sales growt h ( SSSG) sebesar
13,4 % yoy. Hingga saat ini ACES t elah m em buka 10 gerai baru dengan t arget pem bukaan gerai baru hingga akhir
t ahun sebanyak 15 gerai. Source: Kont an
Bum i Serpong Dam ai ( BSDE) m encet ak m arket ing sales sebesar Rp 3,8 t riliun sepanj ang sem est er I - 2018 at au
m elonj ak 50% dibandingkan periode yang sam a t ahun lalu sebesar Rp 2,5 t riliun. Pencapaian t ersebut set ara dengan 52% dari t arget perusahaan. Source: I nvest or Daily
Jem bo Cable Com pany ( JECC) m engaku t elah m em enuhi separuh dari t arget t ahunan selam a sem est er - I 2018 dan
opt im is dapat m encapai t arget penj ualan Rp 2,5 t riliun yang t elah dit et apkan dengan pert um buhan sebesar 14,68%
yoy. Source: Kont an
Pem bangunan Perum ahan ( PTPP) m encat at kan perolehan kont rak baru di sepanj ang sem est er - I 2018 sebesar Rp
17,6 t riliun di sepanj ang sem est er pert am a t ahun ini, t urun 12,87% year on year ( yoy) . Source: Kont an
Tiga Pilar Sej aht era Food ( AI SA) at au TPS Food m em ast ikan t idak dapat m em enuhi kewaj iban pem bayaran kupon
obligasi dan sukuk ij arah I t ahun 2013 yang j at uh t em po hari ini, Kam is ( 19/ 7) . Menurut perseroan, kondisi kas dan
set ara kas t idak m em adai unt uk m em enuhi kewaj iban t ersebut . Source: I nvest or Daily
Vale I ndonesia ( I NCO) sepanj ang t ahun ini m enarget kan produksi nickel m at t e sebanyak 77.000 t on. Manaj em en
Vale I ndonesia opt im is nickel m at t e yang selam a ini m ereka produksi sesuai unt uk kebut uhan bahan baku pem buat an bat erai m obil list rik. Source: Kont an
w w w .sina r m a sse k ur it a s.co.id
Se e im por t a n t discla im e r a t t he e nd of t his r e por t
3
W or ld Equ it y I n dices
W O R L D E Q U IT Y IN D IC E S
NO
T IC K E R
A m e 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
21,496.13
480.07
1.94
20.64
16.26
3.88
3.94
7,058.00
7,058.00
2
SP X Index
2,872.87
2,417.35
142.01
5.31
22.45
17.62
3.30
3.36
24,786.40
24,786.40
3
C C M P Index
7,867.15
6,177.19
951.06
13.78
38.89
23.73
3.80
3.82
12,293.92
12,293.92
4
SP T SX Index
16,586.46
14,785.78
268.27
1.66
19.79
15.86
1.91
1.93
2,525.04
1,915.67
5
M EXB O L Index
51,772.37
44,429.36
(351.65)
(0.71)
19.74
17.55
2.65
2.81
5,942.33
315.11
3,708.82
3,261.86
(18.88)
(0.54)
18.32
14.07
1.67
1.71
2,937.07
3,422.57
(11.49)
E uro pe
6
SX5E Index
7
UKX Index
7,903.50
6,866.94
(0.15)
23.11
13.73
1.97
1.98
2,126.24
2,777.09
8
C A C Index
5,657.44
4,995.07
134.88
2.54
18.26
14.72
1.67
1.71
1,588.50
1,851.08
9
D A X Index
13,596.89
11,726.62
(151.70)
(1.17)
19.09
13.33
1.86
1.90
1,172.72
1,366.57
10
IB EX Index
10,758.20
9,327.60
(290.70)
(2.89)
15.08
12.73
1.47
1.49
608.88
709.53
11
F T SEM IB Index
24,544.26
21,122.51
118.88
0.54
28.75
11.80
1.18
1.19
515.98
601.27
12
A EX Index
572.90
505.92
23.61
4.34
18.98
15.59
1.91
1.95
679.85
792.23
13
SM I Index
9,616.38
8,372.90
(443.75)
(4.73)
24.59
15.74
2.59
2.70
1,083.13
1,084.22
6,306.10
5,639.40
179.98
2.97
17.90
15.91
2.09
2.05
1,852.22
1,370.46
A s ia / P a c if ic
14
A S51 Index
15
A S30 Index
6,386.70
5,702.20
161.85
2.62
18.90
15.89
2.00
1.97
2,019.06
1,493.90
16
SH SZ 300 Index
4,403.34
3,295.73
(599.54)
(14.87)
16.58
11.55
2.05
1.98
26,621.63
3,927.19
17
SH A SH R Index
3,757.20
2,818.06
(544.48)
(15.72)
16.86
11.09
1.80
1.76
29,481.56
4,349.08
18
SZ A SH R Index
2,140.56
1,573.34
(325.91)
(16.41)
29.07
17.72
3.12
3.13
20,103.30
2,965.61
19
H SI Index
33,484.08
26,541.56
(1,801.73)
(6.02)
13.70
11.28
1.39
1.37
18,290.56
2,330.10
20
H SC EI Index
13,962.53
10,450.39
(1,130.84)
(9.66)
9.14
7.46
1.05
1.02
11,597.07
1,477.39
21
SEN SEX Index
36,747.87
31,081.83
2,316.61
6.80
24.53
18.93
3.12
3.21
64,797.19
946.77
22
N IF T Y Index
23
J C I Index
24
LQ 45 Index
25
26
11,171.55
9,685.55
449.75
4.27
23.76
18.56
3.12
3.20
79,678.14
1,164.20
6,693.47
5,557.56
(464.92)
(7.32)
24.22
14.98
2.52
2.54
6,659,200.51
462.44
1,132.92
871.91
(152.68)
(14.14)
21.16
15.70
3.39
3.45
4,137,673.73
287.34
KSE100 Index
47,241.17
37,736.73
426.42
1.05
8.99
8.40
1.46
1.32
7,173.64
56.02
N KY Index
24,129.34
19,239.52
29.25
0.13
19.43
16.49
1.89
1.91
388,762.30
3,446.47
27
N EY Index
376.09
311.55
(10.78)
(3.02)
16.02
13.58
1.38
1.39
441,439.52
3,913.47
28
T P X Index
1,911.31
1,578.66
(66.35)
(3.65)
16.36
13.69
1.41
1.41
658,859.01
5,840.95
29
F B M KLC I Index
1,896.03
1,657.78
(43.74)
(2.43)
16.68
16.73
1.67
1.72
1,095.58
270.31
30
N Z SE Index
1,606.69
1,396.64
72.83
4.82
19.27
20.50
2.03
3.47
130.00
88.36
31
P C O M P Index
9,078.37
6,923.67
(1,107.05)
(12.94)
22.98
17.11
2.51
2.60
9,276.65
173.51
32
F SST I Index
3,641.65
3,176.26
(162.42)
(4.77)
11.12
12.93
1.22
1.19
551.84
404.34
33
KO SP I Index
2,607.10
2,243.90
(177.38)
(7.19)
12.75
9.00
1.05
1.04
1,478,773.63
1,307.95
34
T WSE Index
11,270.18
10,189.04
199.60
1.88
15.56
13.82
1.75
1.74
32,305.07
1,055.27
35
SET Index
1,852.51
1,556.22
(117.86)
(6.72)
18.92
15.02
2.08
2.09
16,473.79
494.60
36
SET 50 Index
1,223.67
991.42
(57.92)
(5.10)
17.52
14.96
2.26
2.31
11,316.15
339.75
37
VN IN D EX Index
1,211.34
753.82
(41.85)
(4.25)
18.95
16.17
2.81
2.69
2,993,014.53
129.88
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
L Q 4 5 In d e x
1 8 -J u l -1 8
5 2 -W E E K
H IG H
C H A N G E Y TD
LOW
P O IN T
1
A D H I IJ
1 ,6 5 0
2 ,5 1 0
1 ,5 3 5
2
A D R O IJ
1 ,8 6 5
2 ,6 5 0
1 ,5 7 5
3
A K R A IJ
4 ,7 4 0
8 ,0 2 5
3 ,9 6 0
4
A N TM IJ
885
1 ,0 1 5
600
5
A S II IJ
6 ,6 5 0
8 ,7 5 0
6 ,1 0 0
(2 3 5 )
5
(1 , 6 1 0 )
260
(1 , 6 5 0 )
%
(1 2 . 4 7 )
0 .2 7
(2 5 . 3 5 )
4 1 .6 0
(1 9 . 8 8 )
P E R (x )
2017
2018E
P B V (x )
2017
2018E
M A R K ET C A P
(B n )
1 3 .0 2
6 .9 3
1 .1 5
0 .9 0
5 ,8 7 5 .4 0
9 .0 6
8 .1 0
1 .2 6
1 .1 2
5 9 ,6 5 3 .8 2
2 8 .1 1
1 7 .1 9
3 .3 7
2 .2 1
1 9 ,0 2 9 .6 5
4 8 .2 1
0 .8 1
1 .1 6
2 1 ,2 6 7 .2 3
1 7 .8 2
1 2 .9 0
2 .7 2
1 .9 6
2 6 9 ,2 1 5 .6 3
-
6
B B C A IJ
2 3 ,2 0 0
2 4 ,7 0 0
1 8 ,2 0 0
1 ,3 0 0
5 .9 4
2 3 .1 7
2 2 .1 2
4 .1 1
3 .7 9
5 7 1 ,9 9 6 .2 1
7
B B N I IJ
7 ,3 7 5
1 0 ,1 7 5
6 ,7 5 0
(2 , 5 2 5 )
(2 5 . 5 1 )
1 3 .5 6
8 .8 6
1 .8 7
1 .2 7
1 3 7 ,5 3 3 .8 4
8
B B R I IJ
2 ,8 5 0
3 ,9 2 0
2 ,7 2 0
(7 9 0 )
(2 1 . 7 0 )
1 5 .3 4
1 0 .8 1
2 .6 7
1 .8 8
3 5 1 ,5 3 5 .5 6
2 6 ,4 7 5 .0 0
9
B B TN IJ
2 ,5 0 0
3 ,8 9 0
2 ,1 1 0
(1 , 0 7 0 )
(2 9 . 9 7 )
1 2 .4 9
7 .6 3
1 .7 5
1 .0 6
10
B J B R IJ
2 ,0 8 0
2 ,9 9 0
1 ,9 2 0
(3 2 0 )
(1 3 . 3 3 )
1 9 .2 0
1 3 .6 6
2 .3 1
1 .9 4
2 0 ,1 6 8 .2 9
11
B M R I IJ
6 ,4 0 0
9 ,0 5 0
6 ,2 5 0
(1 , 6 0 0 )
(2 0 . 0 0 )
1 8 .0 9
1 2 .1 5
2 .2 4
1 .6 5
2 9 8 ,6 6 6 .6 7
12
B M TR IJ
510
755
474
(8 0 )
(1 3 . 5 6 )
0 .8 8
-
13
B R P T IJ
1 ,7 8 0
2 ,7 2 0
1 ,5 3 0
(4 8 0 )
(2 1 . 2 4 )
2 8 .8 9
1 5 .4 5
2 .1 6
0 .9 0
3 1 ,6 6 9 .5 9
14
B S D E IJ
1 ,4 0 5
1 ,9 6 5
1 ,3 9 0
(2 9 5 )
(1 7 . 3 5 )
6 .6 1
9 .0 8
1 .2 9
0 .9 7
2 7 ,0 4 1 .6 1
15
B U M I IJ
226
362
-
-
1 4 ,7 7 5 .6 4
16
EX C L IJ
1 .4 6
1 .3 6
3 0 ,3 5 3 .8 1
17
G G R M IJ
7 0 ,0 0 0
1 3 4 ,6 8 6 .1 6
18
H M S P IJ
3 ,7 0 0
19
IC B P IJ
8 ,6 5 0
20
IN C O IJ
4 ,3 5 0
4 ,6 5 0
2 ,0 7 0
1 ,4 6 0
5 0 .5 2
21
IN D F IJ
6 ,4 0 0
8 ,8 0 0
6 ,0 7 5
(1 , 2 2 5 )
(1 6 . 0 7 )
22
IN D Y IJ
3 ,2 8 0
4 ,6 3 0
790
23
IN TP IJ
1 3 ,5 0 0
2 3 ,9 5 0
1 2 ,5 0 0
(8 , 4 5 0 )
24
J S M R IJ
4 ,8 1 0
6 ,7 7 5
3 ,9 2 0
(1 , 5 9 0 )
25
K L B F IJ
1 ,2 7 0
1 ,7 9 5
1 ,1 5 5
26
L P K R IJ
392
805
27
L P P F IJ
8 ,1 7 5
1 3 ,1 5 0
28
M N C N IJ
1 ,0 0 0
1 ,8 2 5
850
29
M YR X IJ
127
198
101
30
P G A S IJ
1 ,7 2 0
2 ,8 6 0
1 ,3 6 5
31
P TB A IJ
4 ,3 3 0
4 ,4 5 0
1 ,8 1 0
32
P TP P IJ
2 ,1 8 0
3 ,2 8 0
1 ,8 4 0
(4 6 0 )
(1 7 . 4 2 )
33
P W O N IJ
560
725
494
(1 2 5 )
(1 8 . 2 5 )
34
S C M A IJ
2 ,1 9 0
2 ,9 8 0
1 ,9 3 5
(2 9 0 )
35
S M G R IJ
7 ,0 7 5
1 1 ,7 7 5
6 ,5 0 0
(2 , 8 2 5 )
36
S R IL IJ
334
414
302
37
S S M S IJ
1 ,3 0 5
1 ,5 8 0
38
TL K M IJ
4 ,0 1 0
4 ,7 9 6
39
TP IA IJ
5 ,0 5 0
6 ,6 7 5
40
TR A M IJ
348
432
78
-
-
41
U N TR IJ
3 3 ,0 0 0
4 0 ,5 0 0
2 7 ,8 2 5
(2 , 4 0 0 )
(6 . 7 8 )
1 7 .8 4
1 2 .6 1
2 .9 1
2 .3 8
1 2 3 ,0 9 4 .4 6
42
U N V R IJ
4 5 ,7 7 5
5 8 ,1 0 0
4 3 ,8 7 5
(1 0 , 1 2 5 )
(1 8 . 1 1 )
6 0 .8 9
4 5 .4 3
8 2 .4 4
5 5 .6 6
3 4 9 ,2 6 3 .2 5
43
W IK A IJ
1 ,4 9 5
2 ,1 9 0
1 ,2 1 0
(5 5 )
(3 . 5 5 )
1 1 .5 5
8 .9 1
1 .1 0
0 .9 6
1 3 ,4 1 0 .0 8
44
W S B P IJ
388
510
336
(2 0 )
(4 . 9 0 )
1 0 .5 6
7 .8 7
1 .4 7
1 .1 2
1 0 ,2 2 8 .1 3
W S K T IJ
2 ,0 3 0
3 ,1 5 0
1 ,7 7 0
(1 8 0 )
(8 . 1 4 )
7 .3 8
6 .2 9
2 .1 4
1 .5 6
2 7 ,5 5 5 .0 2
45
-
-
7 ,2 4 1 .3 0
166
(4 4 )
(1 6 . 3 0 )
2 .5 7
2 .6 2
1 ,7 1 0
(1 2 0 )
(4 . 0 5 )
8 5 .1 6
4 7 .8 5
8 6 ,4 0 0
6 1 ,9 2 5
(1 3 , 8 0 0 )
(1 6 . 4 7 )
2 0 .8 0
1 5 .9 9
3 .8 2
2 .9 5
5 ,5 5 0
3 ,2 3 0
(1 , 0 3 0 )
(2 1 . 7 8 )
4 3 .5 4
3 2 .0 9
1 6 .1 3
1 2 .1 7
4 3 0 ,3 7 6 .8 8
9 ,2 7 5
7 ,9 0 0
(2 5 0 )
(2 . 8 1 )
2 7 .3 1
2 4 .1 2
5 .3 1
4 .6 5
1 0 0 ,8 7 5 .5 0
2 ,8 4 0
2 5 .1 7
1 .1 6
1 .5 7
4 3 ,2 2 3 .0 7
1 6 .1 7
1 2 .4 9
2 .1 5
1 .6 4
5 6 ,1 9 4 .7 3
3 .5 0
5 .8 4
1 .2 7
1 .1 4
1 7 ,0 8 9 .4 3
(3 8 . 5 0 )
4 3 .4 5
2 8 .0 8
3 .2 9
2 .0 0
4 9 ,6 9 6 .6 3
(2 4 . 8 4 )
2 1 .1 1
1 7 .7 2
3 .0 8
2 .0 4
3 4 ,9 1 0 .3 6
(4 2 0 )
(2 4 . 8 5 )
3 2 .9 6
2 3 .4 5
5 .9 6
4 .0 3
5 9 ,5 3 1 .4 1
322
(9 6 )
(1 9 . 6 7 )
1 8 .0 9
1 0 .3 9
0 .4 9
0 .4 1
9 ,0 5 0 .1 7
7 ,8 7 5
(1 , 8 2 5 )
(1 8 . 2 5 )
1 5 .2 9
1 1 .5 7
1 2 .5 3
6 .2 9
2 3 ,8 5 3 .9 8
(2 8 5 )
(2 2 . 1 8 )
1 1 .7 8
8 .6 2
1 .8 6
1 .3 3
1 4 ,2 7 6 .1 0
17
1 5 .4 5
220
7 .1 9
-
-
-
1 1 ,0 1 1 .3 1
2 0 .7 7
1 1 .9 4
0 .9 9
0 .9 2
4 1 ,6 9 5 .3 9
5 .7 9
1 0 .0 0
1 .9 1
2 .9 0
4 9 ,8 8 4 .4 5
1 1 .2 6
7 .7 3
1 .4 3
1 .0 8
1 3 ,5 1 5 .7 8
1 7 .6 2
1 2 .1 3
3 .2 0
2 .1 7
2 6 ,9 6 9 .3 8
(1 1 . 6 9 )
2 7 .2 4
1 9 .2 4
9 .3 0
6 .2 1
3 2 ,0 2 1 .3 1
(2 8 . 5 4 )
2 9 .1 4
1 9 .6 5
2 .0 3
1 .3 9
4 1 ,9 6 5 .5 0
(4 6 )
(1 2 . 1 1 )
7 .2 6
1 .1 8
-
1 ,0 0 5
(1 9 5 )
(1 3 . 0 0 )
1 8 .4 4
1 3 .4 5
3 .5 4
2 .6 9
1 2 ,4 3 0 .1 3
3 ,2 5 0
(3 8 9 )
(8 . 8 4 )
1 9 .6 8
1 7 .2 3
4 .7 0
3 .8 9
4 0 4 ,2 0 7 .9 9
4 ,1 4 0
(9 5 0 )
(1 5 . 8 3 )
2 3 .8 1
2 1 .9 2
4 .7 4
3 .5 0
9 0 ,0 5 9 .2 8
150
7 5 .7 6
(3 0 )
1 ,8 7 0
(1 . 7 1 )
7 6 .0 2
-
-
-
-
-
6 ,8 3 1 .0 3
1 7 ,2 7 1 .7 5
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 ( %)
(0.08)
0.38
(5.41)
(9.67)
0.50
(0.76)
(4.84)
11.84
P ro perty
B asic Industry
(0.99)
(0.75)
(3.50)
(5.48)
Finance
0.64
0.93
(3.10)
(10.04)
M iscellaneo us Industry
0.56
0.53
(4.77)
(15.18)
Co nsumer
0.21
(2.08)
(0.37)
(15.07)
Infrastructure
1.53
1.08
4.76
(7.91)
A griculture
1.31
0.56
(5.65)
(10.37)
M ining
1.88
1.55
4.15
27.41
J un- 18
M a y- 18
Trade
E c o no m ic Indic a t o rs
E c o no m ic P a ra m e t e rs
Inflatio n YTD (in %)
1.90
3.61
Inflatio n Yo Y (in %)
3.12
3.23
Inflatio n M o M (in %)
0.59
0.21
119.80
122.91
Fo reign Reserves (in USD bn)
F OR EX
S po t R a t e
USD/IDR
1- D a y ( %) 1- M o nt h ( %)
Y T D ( %)
14,414.00
-
(3.34)
(5.96)
USD/CNY
6.72
(0.18)
(4.17)
(3.16)
USD/EUR
0.86
(0.10)
(0.52)
3.04
USD/JP Y
112.76
0.09
(2.39)
(0.06)
USD/SGD
1.37
(0.01)
(0.62)
(2.15)
USD/A UD
1.35
(0.07)
(0.30)
5.45
USD/GB P
0.76
(0.03)
0.76
3.34
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 )
1.02
SIB OR ( in USD)
1.46
Indo nesia 5-Year Go vernment B o nds Yield
7.60
Indo nesia 10-Year Go vernment B o nds Yield
7.70
Indo nesia 15-Year Go vernment B o nds Yield
7.90
Source: Bloomberg, Sinarmas Investment Research
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6
St a t e Budge t
I NDI CAT OR
2016
2017
2018
LKPP
APBNP
RAPBN
GDP Gr owth ( % , YoY)
5,0%
5,2%
5,4%
Ex change r ate ( USD/ I DR)
13307
13300
13500
I nflation ( % , YoY)
3%
4,3%
3,5%
3 Months SPN ( % )
5,7%
5,2%
5,3%
40
45
48
I ndonesian Cr ude Oil ( USD/ bar r el)
Oil Lifting ( thousands bar r el/ day )
829
815
800
Gas Lifting ( thousands, BOE/ day )
1.18
1.15
1.2
Total State Budget ( in I DR tr illion)
1556
1714
1878
Upcom ing I PO
Co m p a n y
I PO
Pr ice
( Rp )
Bu sin e ss
I ssu e d
Sh a r e s
( Mn )
Mahk ota Gr oup Tbk
NFC I ndonesia Tbk
Of f e r in g Da t e ( 2 0 1 7 )
List in g
703.7
03/ 07/ 2018 - 09/ 07/ 2018
12- Jul- 18
166.7
03/ 07/ 2018 - 05/ 07/ 2018
10- Jul- 18
Pollux Pr oper ti I ndonesia Tbk
1247.8
03/ 07/ 2018 - 05/ 07/ 2018
11- Jul- 18
Siner gi Megah I nter nusa Tbk
1200.0
03/ 07/ 2018 - 05/ 07/ 2018
12- Jul- 18
400.0
02/ 07/ 2018 - 04/ 07/ 2018
09- Jul- 18
Batav ia Pr osper indo Tr ans Tbk
Un d e r w r it e r
D ivide nd
St o ck
D PS ( Rp )
Cu m D a t e
Ex D a t e
Re co r d in g
Pa y m e n t
BMAS
8
St a t u s
06/ 07/ 2018
09/ 07/ 2018
11/ 07/ 2018
02/ 08/ 2018
I NAI
30
06/ 07/ 2018
09/ 07/ 2018
11/ 07/ 2018
02/ 08/ 2018
C SAP
4
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
I MAS
5
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
I MJS
1.2
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
KKGI
2
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
30/ 07/ 2018
KMTR
17.27
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
18/ 07/ 2018
MARI
12
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
RUI S
5
05/ 07/ 2018
06/ 07/ 2018
10/ 07/ 2018
01/ 08/ 2018
Right s I ssu e
T ick e r
Pr ice ( Rp )
Cu m Da t e
EX Da t e
T r a d in g
BBKP
3
Ra t io
:
10
570
06/ 07/ 2018
09/ 07/ 2018
13/ 07/ 2018 - 25/ 07/ 2018
PEGE
3
:
1
100
06/ 07/ 2018
09/ 07/ 2018
13/ 07/ 2018 - 19/ 07/ 2018
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See important disclaimer at the end of this report
Pick s of Th e D a y
ADRO - Daily 7/18/2018 4:14:00 PM Open 1790, Hi 1865, Lo 1780, Clos e 1865 (6.0%) MA(Clos e,50) = 1,834.80
2,600
2,500
2,400
2,300
2,200
2,100
2070
2020
1960
1930
1895
1850
1810
2,000
1,900
1,865
1,834.8
1,800
1750
1,700
1690
1665
1615
1,600
1575
Jul
Aug
Sep
Oct
ADRO - MACD(12,26) = -11.21, Signal(12,26,9) = -16.87
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
100
-11.2131 0
-16.8667
-100
Jul
Aug
Sep
Oct
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
ADRO - Stoch %K(15,3) = 56.55, Stoch %D(15,3,3) = 57.36
80
57.3624
56.5476
20
AD RO : TRAD I N G BUY
AD RO berhasil break Resist ance 1.850, AD RO berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 1.895, 1.930 dan
1.960 dalam j angka pendek. Nam un, j ika AD RO gagal break Resist ance 1.895 m aka akan m encoba Support 1.850, 1.810 dan
1.750. AD RO dilihat I ndikat or St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss
: 1.865 — 1.875
: 1.930 ( 3.5% ) , 1.960 ( 5.1% )
: 1.810 ( - 2.9% )
LSIP - Daily 7/18/2018 4:13:00 PM Open 920, Hi 970, Lo 920, Clos e 955 (3.8%) MA(Clos e,50) = 1,093.20
1,550
1,500
1,450
1,400
1,350
1,300
1,250
1,200
1,150
1,100
1,093.2
1,050
1030
1010
985
970
1,000
955
950
940
915
Aug
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
900
Jul
LSIP - MACD(12,26) = -53.04, Signal(12,26,9) = -59.35
0
Aug
Sep
Oct
Nov
LSIP - Stoch %K(15,3) = 21.16, Stoch %D(15,3,3) = 15.89
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
-50
-53.0447
-59.3498
80
21.1594
20
15.8882
LSI P : TRAD I N G BUY
LSI P berhasil break Resist ance 940, LSI P berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 970, 985 dan 1.010,
Nam un, j ika LSI P gagal break Resist ance 985 m aka akan m encoba Support 940 dan 915. LSI P dilihat I ndikat or MACD dan Stoc
osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss
: 955 — 965
: 985 ( 3.1% ) , 1.010 ( 5.8% )
: 915 ( - 4.2% )
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Pick s of Th e D a y
ITMG - Daily 7/18/2018 4:05:00 PM Open 24300, Hi 25050, Lo 24200, Clos e 24825 (2.6%) MA(Clos e,50) = 24,601.50
33,000
32,000
31,000
30,000
29000
29,000
28450
28000
28,000
27225
27,000
26400
25725
25300
24750
24325
26,000
25,000
24,825
24,601.5
24,000
23650
23,000
22950
22200
22,000
21000
21,000
20,000
19,000
18,000
17,000
Jul
Aug
Sep
Oct
ITMG - MACD(12,26) = -103.50, Signal(12,26,9) = -311.31
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
2,000
1,000
-103.505 0
-311.308
-1,000
Jul
Aug
Sep
Oct
Nov
Dec
Feb
2018
Mar
Apr
May
Jun
Jul
ITMG - Stoch %K(15,3) = 75.39, Stoch %D(15,3,3) = 75.06
80
75.3876
75.0646
20
I TM G : TRAD I N G BUY
I TM G berhasil break Resist ance 24.750, I TM G t erbuka berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 25.300,
25.725 dan 26.400 dalam j angka pendek. Nam un, j ika I TMG gagal break di Resist ance 25.300 m aka akan m encoba Support
24.750 dan 24.325. I TM G dilihat I ndikat or Stoc osc dan MACD m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss
: 24.825 — 24.900
: 25.300 ( 1.9% ) , 25.725 ( 3.6% )
: 24.325 ( - 2.0% )
BBTN - Daily 7/18/2018 4:13:00 PM Open 2460, Hi 2560, Lo 2440, Clos e 2500 (2.5%) MA(Clos e,50) = 2,761.00
3,800
3,600
3,400
3,200
3,000
2,800
2,761
2670
2600
2550
2490
2,600
2,500
2,400
2400
2360
2300
2,200
Aug
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
BBTN - MACD(12,26) = -125.35, Signal(12,26,9) = -164.28
100
0
-100
-125.35
-164.282
-200
Aug
Sep
Oct
Nov
Dec
2018
Feb
Mar
Apr
May
Jun
Jul
BBTN - Stoch %K(15,3) = 72.48, Stoch %D(15,3,3) = 57.56
80
72.4813
57.5621
20
BBTN : TRAD I N G BUY
BBTN berhasil break Resist ance 2.490, BBTN berpeluang m enguj i Resist ance 2.550, 2.600 dan 2.670 dalam j angka pendek.
Nam un, j ika BBTN gagal break di Resist ance 2.550 m aka BBTN akan m encoba Support 2.490, 2.440 dan 2.400. BBTN dilihat
I ndikator MACD dan St oc osc m engindikasikan pola Upt rend
Ent ry point
Exit point
St op Loss
: 2.500 — 2.520
: 2.550 ( 2.0% ) , 2.600 ( 4.0% )
: 2.440 ( - 2.4% )
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