C lo sing 1-D ay C hg () YT D C hg ()

  ID X S t a t is t ic s C lo s ing

DOW JONES 25,115.76

USD/IDR 15,225.00

   Sehubungan dengan emiten, Adaro Energy (ADRO) men- catatkan pendapatan usaha bersih sampai dengan kuartal

  4.37 Natural Gas (USD/mmB tu) 3.27 7:50:02 A M

  10.87 Go ld (USD/o unce) 1,216.24 8:01:46 A M (6.64) Nickel (USD/mn to ns) 11,565.00 8:01:44 A M (9.33) Tins (USD/mn to ns) 19,100.00 10/31/2018 (4.62) CP O (M YR/mn to ns) 1,988.00 10/31/2018 (18.66) Rubber (JP Y/kg) 144.50 7:56:28 A M (29.65) Wheat (USD/bushel) 503.50 7:50:54 A M

  17.92 Co rn (USD/bushel) 364.25 7:50:40 A M

  3.85 C o m m o dit ie s

  O t he r Indic e s C lo s ing 1- D a y C hg ( %) Y T D C hg ( %) C urre nc y S po t R a t e R a t e ( ID R ) 1- D a y C hg ( %) Y T D C hg ( %) P ric e La s t T ra ns a c t io n Y T D C hg ( %) Today’s Market:  IHSG diperkirakan bergerak mixed dengan kecenderungan menguat. Bursa AS ditutup menguat pada perdagangan Rabu (31/10). Harga crude oil turun ke level USD 65.02 per barrel. Harga batubara turun ke level USD 105.20 per Mt. Rupiah bergerak stabil terhadap Dollar AS ke level Rp 15.225. 10Yr Government Bonds Yield turun ke level 8.52%.

   Sehubungan dengan emiten, Indah Kiat Pulp and Paper (INKP) mencatatkan pendapatan hingga kuartal-III 2018 sebesar USD 2,5 miliar (+10,9% YoY). Laba bersih ter- catat sebesar USD 516 juta (+79,6% YoY). Tjiwi Kimia (TKIM) mencatatkan pendapatan hingga kuartal-III 2018 sebesar USD 817 juta (+4,5% YoY). Laba bersih tercatat sebesar USD 247 juta (vs USD 22 juta pada 9M17). INKP dan TKIM mencatatkan hasil sesuai ekspektasi.

   Secara teknikal indeks hari Kamis (01/11), IHSG diprediksi bergerak di kisaran 5788-5885.

   Sehubungan dengan emiten, Semen Indonesia (SMGR) mencatatkan pendapatan usaha bersih sampai dengan kuartal III-2018 Rp 21,4 triliun (+4,4% YoY). Laba bersih sebesar Rp 2,1 triliun (+43% YoY). SMGR mencatatkan hasil diatas ekspektasi kami dan konsensus.

  5.51 Crude Oil (USD/barrel) 65.02 7:51:37 A M

  Thursday, November 1, 2018 Source: Bloomberg, Sinarmas Investment Research

  See pg. 7-9 for Technical Corner www.sinarmassekuritas.co.id See important disclaimer at the end of this report IHSG naik sebanyak 42.5 poin (0.74%) ke level 5831.65.

  Sementara LQ45 naik sebanyak 9 poin (0.99%) ke level 922.72. Foreign net buy sebesar Rp 1525.96 miliar.

  5,000 10,000 15,000 20,000

  3,000 4,000 5,000 6,000 7,000

  Volume JCI Index

  7.60 Co al (USD/mn to ns) 105.20 10/31/2018

  0.00

  JCI 5,831.65

  1.43 NA SDA Q 7,305.90

  Transactio n Value Regular M arket (IDR tn) 7.159 Transactio n Vo lume Regular M arket (mn shares) 6,998 Fo reign Net B uy (Sell) (IDR bn) 1,526 Fo reign Net B uy (Sell) (3.91) To tal M arket Capitalizatio n (IDR tn) 6,614.49 LQ45 922.72 0.99 (14.51) EIDO

  22.01 0.23 (22.58)

  IDX

  19.80 0.87 (20.29)

  0.97

  1.60 S&P 500 2,711.74

  1.09

  2.01

  1.98 GB P /IDR 19,338.57

  5.83 FTSE 7,128.10 1.31 (7.28) NIKKEI 21,920.46 2.16 (3.71) HA NG SENG 24,979.69 1.60 (16.51) STRA ITS TIM ES 3,018.80 1.76 (11.29) KLSE 1,709.27 1.38 (4.87)

  0.00

  10.84 EUR/IDR 17,221.69 (0.26)

  5.79 JP Y/IDR 134.81

  0.28

  10.70 SGD/IDR 10,984.40 (0.00)

  7.63 A UD/IDR 10,800.24

  0.21

III-2018 sebesar US$ 2.667 juta dengan laba bersih sebe- sar US$ 312,7 juta (-16,04% YoY).

  Daily Corporate and Industry News

Anggaran Pendapatan dan Belanja Negara (APBN) 2019 disiapkan untuk dapat merespons gejolak ekonomi global

maupun tantangan domestik. Oleh karena itu, APBN ini disusun dengan tujuan utama mendukung investasi dan daya

saing Indonesia melalui fokus pembangunan pada sumber daya manusia (SDM). APBN 2019 disusun berdasarkan

asumsi pertumbuhan ekonomi 5,3%, tingkat inflasi 3,5%, nilai tukar rupiah terhadap dolar Amerika Serikat (AS)

Rp15.000 dan suku bunga Surat Perbendaharaan Negara (SPN) 3 bulan 5,3%. Source: Investor Daily

Menteri Koordinator Bidang Perekonomian Darmin Nasution menjelaskan penurunan investasi kuartal III-2018 lebih

disebabkan oleh kondisi global yang sedang tidak baik. Sebelumnya, Badan Koordinasi Penanaman Modal (BKPM)

melaporkan, realisasi investasi pada kuartal III-2018 sebesar Rp 173,8 triliun. Angka ini turun sebesar 1,6%

dibandingkan dengan periode sama kuartal III-2017 yang sebesar Rp 176,6 triliun. Source: Investor Daily

Pemerintah memastikan akan menaikkan gaji pokok aparatur sipil negara (ASN) sebesar 5% pada 2019. Rencana ini

telah dituangkan dalam Rancangan Anggaran Pendapatan dan Belanja Negara (RAPBN) 2019 yang telah disetujui

Rapat Paripurna DPR untuk disahkan menjadi undang-undang. Direktur Jenderal Anggaran Kementerian Keuangan

(Kemenkeu) Askolani menyebutkan, alokasi anggaran untuk kenaikan gaji pokok ASN itu mencapai sekitar Rp 5 tri-

liun. Source: Investor Daily

Pemerintah berkomitmen menurunkan emisi gas rumah kaca sebesar 29% pada 2030. Seluruh instrumen kebijakan

untuk mencapai itu, seperti penerapan pajak karbon mobil ditargetkan selesai pada 2020. Manajer Kompartemen

Transportasi, Lingkungan, dan Insfrastruktur Gabungan Industri Kendaraan Bermotor Indonesia (Gaikindo) Pradipta

Sugondo mengatakan, Gaikindo sudah melakukan simulasi bila pajak karbon berlaku. Tahap awal, pasar mobil akan

turun 2,9% dan pendapatan pemerintah naik 17%. Source: Investor Daily

Lembaga Penjamin Simpanan (LPS) menilai kondisi likuiditas industri perbankan sudah memasuki tahap yang mesti

diwaspadai. Hal tersebut dikarenakan posisi loan to deposit ratio (LDR) perbankan per September 2018 berada di

posisi 94,27%. Source: Investor Daily

Otoritas Jasa Keuangan (OJK) menaikkan pagu anggaran tahun 2019 menjadi Rp 5,679 triliun atau tumbuh 14,26%

dari anggaran tahun ini Rp 4,97 triliun. Anggaran tersebut berasal dari penerimaan OJK dari pungutan lembaga jasa

keuangan (LJK) tahun 2018. Source: Investor Daily

PT Inalum (Persero) masih melakukan simulasi pendanaan terkait pinjaman US$3,85 miliar untuk pembelian 45,62%

saham PT Freeport Indonesia. Sejumlah skema yang sedang disimulasikan itu yakni pinjaman dari delapan bank as-

ing dan penerbitan global bond (obligasi). Source: Investor Daily

Barito Pacific (BRPT) membukukan pendapatan bersih sebesar US$ 2,35 miliar hingga kuartal III-2018, naik 29,3%

dibandingkan periode sama tahun lalu yang sebesar US$ 1,82 miliar. Laporan keuangan tersebut telah mencakup

konsolidasi keuangan Star Energy, setelah Barito mengakuisisi 66,67% saham Star Energy pada 7 Juni 2018.

Source: Investor Daily

Kobexindo Tractors (KOBX), perusahaan penyedia alat berat pertambangan dan aneka industri, membukukan

lonjakan laba bersih sebesar 63,47% menjadi US$ 1,86 juta hingga kuartal III-2018, dibandingkan periode sama

tahun lalu yang sebesar US$ 1,14 juta. Pendapatan Kobexindo hingga kuartal III-2018 bertumbuh sebesar 55,49%

atau mencapai US$ 69,5 juta dibandingkan periode sama tahun 2017 sebesar US$ 44,7 juta. Source: Investor Daily

Indofood Sukses Makmur (INDF) mencatatkan laba turun 13,58% year-on-year menjadi Rp2,82 triliun dan penjualan

bersih Rp54,74 triliun naik 3,04% YoY. Namun, kinerja penjualan segmen agribisnis terkoreksi 15,52% menjadi

Rp10,25 triliun. Source: Bisnis Indonesia

Matahari Putra Prima (MPPA) membukukan penurunan penjualan 13,84% secara tahunan menjadi Rp 8,28 triliun

dengan rugi bersih Rp 335,85 miliar (-12,77% YoY). Source: Bisnis Indonesia

Intiland Development (DILD) membukukan pendapatan usaha Rp 2,4 triliun sepanjang Januari–September 2018

(+40% YoY) dengan laba sebesar Rp 123 miliar (-47% YoY). Source: Bisnis Indonesia

  See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  Daily Corporate and Industry News

Adaro Energy (ADRO) mencatatkan pendapatan usaha bersih sampai dengan kuartal III-2018 sebesar US$ 2.667

juta dengan laba bersih sebesar US$ 312,7 juta (-16,04% YoY). Source: Bisnis Indonesia

Ultrajaya Milk Industries (ULTJ) mencatat laba tahun berjalan hingga periode 30 September 2018 sebesar Rp609,80

miliar (-5,6% YoY) dengan penjualan meningkat menjadi Rp 4,04 triliun (+13,2% YoY). Source: IQPlus

Semen Indonesia (SMGR) mencatatkan pertumbuhan laba dobel digit hingga kuartal III/2018 didorong oleh efisiensi

berbagai instrumen biaya dan pertumbuhan penjualan perseroan. Berdasarkan laporan keuangan per September

2018, Semen Indonesia membukukan pendapatan Rp21,45 triliun. Jumlah tersebut naik tipis 4,40% dari periode

yang sama tahun lalu Rp20,55 triliun. Source: Bisnis Indonesia

Jasa Armada Indonesia (IPCM) mencatatkan pendapatan usaha hingga kuartal III-2018 sebesar 545,81 miliar atau

naik 1% dibanding periode sama tahun lalu sebesar 540,92 miliar. Sedangkan laba bersih perseroan hingga kuartal-

  

III tercatat Rp 90,99 miliar atau naik 19.5% dibanding periode sama tahun lalu sebesar 76,16 miliar. Source: Inves-

tor Daily

Media Nusantara Citra (MNCN) mencatatkan pendapatan hingga kuartal III-2018 sebesar Rp 5,5 triliun (+2,75%

YoY) dengan gross profit sebesar Rp 3,28 triliun (+1,1% YoY) dan laba bersih sebesar Rp 969 miliar (-13,6% YoY).

Source: Company data

Garuda Indonesia (GIAA) melalui anak usahanya Garuda Maintenance Facility Aero Asia (GMFI) akan menggandeng

BUMN asal China, yakni China Communication Construction Company (CCCC), untuk membangun pabrik ban pe-

sawat pertama di Indonesia. Total nilai investasi yang ditanamkan oleh China sebesar US$ 500 juta. Source: Kontan

  See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  World Equity Indices Source: Bloomberg, Sinarmas Investment Research www.sinarmassekuritas.co.id See important disclaimer at the end of this report WO R LD E Q UIT Y IN D IC E S N O T IC KE R

  15.48

  2.91

  9.00

  8.66

  1.46 1.53 7,287.05

  55.05

  26 NKY Index 24,448.07 20,347.49 (844.48) (3.71)

  19.40

  1.90 1.73 373,215.07 3,301.33

  3.39 3.44 4,203,895.63 276.30

  27 NEY Index 376.09 317.49 (27.18) (7.60)

  16.05

  11.89

  1.38 1.28 419,652.30 3,712.09

  28 TP X Index 1,911.31 1,581.56 (171.44) (9.43)

  16.34

  12.88

  25 KSE100 Index 47,144.12 36,274.25 1,177.88

  15.95

  29 FB M KLCI Index 1,896.03 1,657.78 (87.54) (4.87)

  22 NIFTY Index 11,760.20 9,951.90 (144.10) (1.37)

  7.84

  1.05 1.03 10,438.46 1,331.15

  21 SENSEX Index 38,989.65 32,483.84 385.22

  1.13

  24.56

  18.83

  3.12 3.05 61,708.30 833.22

  23.83

  21.16

  18.12

  3.12 3.05 75,989.62 1,026.05

  23 JCI Index 6,693.47 5,557.56 (524.00) (8.24)

  24.65

  15.24

  2.58 2.60 6,614,492.69 434.73

  24 LQ45 Index 1,132.92 871.05 (156.67) (14.51)

  1.41 1.29 619,656.26 5,481.26

  16.68

  20 HSCEI Index 13,962.53 9,902.62 (1,570.67) (13.41)

  2.08 2.01 16,839.07 508.59

  34 TWSE Index 11,270.18 9,400.69 (840.73) (7.90)

  15.55

  12.83

  1.75 1.66 27,844.28 899.30

  35 SET Index 1,852.51 1,584.68 (84.62) (4.83)

  18.90

  15.43

  36 SET50 Index 1,223.67 1,043.32 (32.65) (2.88)

  8.35

  17.52

  15.22

  2.26 2.20 11,587.54 349.98

  37 VNINDEX Index 1,211.34 831.58 (69.48) (7.06)

  18.98

  15.68

  2.81 2.45 2,939,083.66 125.89

  1.05 0.96 1,313,622.05 1,150.23

  12.81

  16.58

  81.65

  1.67 1.59 1,069.40 255.56

  30 NZSE Index 1,652.90 1,433.28

  22.12

  1.46

  19.27

  20.67

  2.03 2.00 125.28

  31 P COM P Index 9,078.37 6,790.58 (1,418.13) (16.57)

  33 KOSP I Index 2,607.10 1,985.95 (437.80) (17.74)

  23.05

  16.69

  2.51 2.52 8,986.00 168.43

  32 FSSTI Index 3,641.65 2,955.68 (384.12) (11.29)

  11.08

  12.25

  1.22 1.14 525.94 379.38

  9.19

  1.39 1.33 16,173.30 2,062.47

  1 INDU Index 26,951.81 23,242.75 396.54

  7 UKX Index 7,903.50 6,851.59 (559.67) (7.28)

  19.74

  15.01

  2.65 2.44 5,314.60 260.92

  6 SX5E Index 3,708.82 3,090.85 (306.45) (8.75)

  18.45

  13.16

  1.67 1.57 2,717.99 3,072.96

  23.27

  1.91 1.79 2,304.04 1,751.05

  12.60

  1.97 1.88 1,960.77 2,500.76

  8 CA C Index 5,657.44 4,896.80 (219.12) (4.12)

  18.44

  13.55

  1.67 1.58 1,516.84 1,714.94

  9 DA X Index 13,596.89 11,051.04 (1,470.13) (11.38)

  5 M EXB OL Index 51,121.23 43,407.49 (5,411.87) (10.97)

  14.61

  12.27

  22.37

  1.60

  20.66

  15.75

  3.88 3.69 7,090.06 7,090.06

  2 SP X Index 2,940.91 2,532.69

  38.13

  1.43

  16.60

  19.79

  3.30 3.09 23,781.22 23,781.22

  3 CCM P Index 8,133.30 6,630.67 402.51

  5.83

  40.63

  21.30

  3.80 3.46 11,429.94 11,429.94

  4 SP TSX Index 16,586.46 14,639.70 (1,181.85) (7.29)

  19.26

  1.86 1.72 1,020.54 1,153.82

  10.46

  16.90

  14.89

  2.00 1.88 1,886.43 1,334.08

  16 SHSZ300 Index 4,403.34 3,009.50 (877.04) (21.76)

  16.49

  10.91

  2.05 1.93 25,247.59 3,619.31

  17 SHA SHR Index 3,757.20 2,564.94 (737.81) (21.30)

  10.65

  15 A S30 Index 6,481.30 5,721.60 (253.98) (4.12)

  1.80 1.70 27,757.65 3,979.13

  18 SZA SHR Index 2,140.56 1,267.27 (633.29) (31.88)

  29.07

  15.19

  3.12 2.88 16,731.68 2,398.53

  19 HSI Index 33,484.08 24,540.63 (4,939.46) (16.51)

  13.71

  18.90

  2.08 1.98 1,745.11 1,234.14

  10 IB EX Index 10,643.40 8,627.60 (1,150.40) (11.45)

  18.91

  15.09

  11.79

  1.47 1.42 552.30 624.43

  11 FTSEM IB Index 24,544.26 18,411.43 (2,803.12) (12.83) 794.78

  10.40

  1.18 1.10 454.68 514.07

  12 A EX Index 576.90 500.45 (25.87) (4.75)

  13.90

  14.79

  1.91 1.82 635.30 718.27

  13 SM I Index 9,616.38 8,372.90 (359.71) (3.83)

  24.59

  15.93

  2.59 2.56 1,098.38 1,088.37

  14 A S51 Index 6,373.50 5,624.60 (234.82) (3.87)

  17.95

  A m e ric a 2 0 17 2 0 18 E D o m a in C urre nc y US D LO W P O IN T % 2 0 17 2 0 18 E A s ia / P a c if ic 5 2 - WE E K C H A N G E Y T D P E R ( x) P B V ( x) M A R KE T C A P ( B n) E uro pe H IG H

  LQ45 Source: Bloomberg, Sinarmas Investment Research www.sinarmassekuritas.co.id See important disclaimer at the end of this report LQ45 Index HIGH LOW POINT % 2017 2018E 2017 2018E

  72.76

  11 10.00 - - - - 10,491.09

  30 PGAS IJ 2,220 2,860 1,505 470

  26.86

  20.77

  14.59

  0.99 1.12 53,816.15

  31 PTBA IJ 4,250 4,940 2,135 1,790

  5.79

  1.86 1.11 11,135.36

  9.32

  1.91 2.88 48,962.80

  32 PTPP IJ 1,330 3,280 1,330 (1,310) (49.62)

  11.26

  4.80

  1.43 0.64 8,245.86

  33 PWON IJ 478 725 432 (207) (30.22)

  17.62

  29 MYRX IJ 121 198 101

  7.30

  3.20 1.88 23,020.29

  5.96 4.41 64,218.92

  3.29 2.83 63,685.31

  24 JSMR IJ 4,150 6,775 3,920 (2,250) (35.16)

  21.11

  13.97

  3.08 1.80 30,120.17

  25 KLBF IJ 1,370 1,785 1,155 (320) (18.93)

  32.96

  26.13

  26 LPKR IJ 280 685 256 (208) (42.62)

  11.78

  18.09

  6.46

  0.49 0.30 6,464.41

  27 LPPF IJ 4,850 11,975 4,350 (5,150) (51.50)

  15.29

  7.21

  12.53 3.83 14,151.90

  28 MNCN IJ 780 1,690 700 (505) (39.30)

  10.38

  34 SCMA IJ 1,570 2,980 1,490 (910) (36.69)

  43.45

  6.59

  11.79

  2.91 2.38 124,959.53

  42 UNVR IJ 43,225 58,100 40,400 (12,675) (22.67)

  60.89

  41.98

  82.44 53.67 329,806.75

  43 WIKA IJ 1,100 2,190 1,095 (450) (29.03)

  11.55

  1.10 0.70 9,866.95

  41 UNTR IJ 33,500 40,500 30,775 (1,900) (5.37)

  44 WSBP IJ 318 510 314 (90) (22.06)

  10.56

  6.90

  1.47 0.92 8,382.85

  45 WSKT IJ 1,440 3,150 1,415 (770) (34.84)

  7.22

  4.30

  2.14 1.04 19,546.42

  17.84

  40 TRAM IJ 181 432 139 (17) (8.59) - - - - 8,983.70

  27.24

  17.92

  15.18

  9.30 4.73 22,955.91

  35 SMGR IJ 9,000 11,775 6,500 (900) (9.09)

  29.14

  25.16

  2.03 1.76 53,383.68

  36 SRIL IJ 362 398 302 (18) (4.74) 7.26 - 1.18 - 7,403.69

  37 SSMS IJ 1,260 1,545 1,005 (240) (16.00)

  14.08

  4.74 3.26 85,779.23

  3.54 2.64 12,001.50

  38 TLKM IJ 3,850 4,419 3,250 (549) (12.48)

  19.68

  18.40

  4.70 3.79 381,389.53

  39 TPIA IJ 4,810 6,675 4,300 (1,190) (19.83)

  23.81

  28.74

  53.57

  23 INTP IJ 17,300 23,950 12,500 (4,650) (21.18)

  1 ADHI IJ 1,125 2,510 1,100 (760) (40.32)

  11.95

  22.60

  4.11 3.88 583,090.97

  7 BBNI IJ 7,325 10,175 6,675 (2,575) (26.01)

  13.56

  8.86

  1.87 1.27 136,601.41

  8 BBRI IJ 3,150 3,920 2,720 (490) (13.46)

  15.34

  2.67 2.08 388,539.30

  7.99

  9 BBTN IJ 2,120 3,890 2,010 (1,450) (40.62)

  12.49

  6.84

  1.75 0.92 22,450.80

  10 BJBR IJ 1,790 2,490 1,695 (610) (25.42)

  19.20

  11.54

  2.31 1.67 17,356.36

  23.17

  6 BBCA IJ 23,650 25,475 20,350 1,750

  20.93

  28.11

  13.02

  5.09

  1.15 0.60 4,005.96

  2 ADRO IJ 1,650 2,650 1,575 (210) (11.29)

  9.06

  7.23

  1.26 0.94 52,776.84

  3 AKRA IJ 3,460 7,700 3,220 (2,890) (45.51)

  14.01

  2.72 2.34 319,820.07

  3.37 1.64 13,890.84

  4 ANTM IJ 680 1,015 600

  55 8.80 -

  22.69

  0.81 0.88 16,340.92

  5 ASII IJ 7,900 8,750 6,100 (400) (4.82)

  17.83

  14.75

  11 BMRI IJ 6,850 9,050 6,175 (1,150) (14.38)

  13.26

  1.27 0.78 11,670.83

  30 1.04 -

  16.13 12.30 433,866.43

  19 ICBP IJ 8,925 9,275 7,900

  25

  0.28

  27.31

  24.59

  5.31 4.79 104,082.53

  20 INCO IJ 2,920 4,720 2,570

  23.99

  43.54

  1.16 1.00 29,014.11

  21 INDF IJ 5,975 8,325 5,500 (1,650) (21.64)

  16.11

  12.26

  2.15 1.54 52,463.05

  22 INDY IJ 2,240 4,630 2,120 (820) (26.80)

  3.50

  3.87

  32.87

  18 HMSP IJ 3,730 5,550 3,230 (1,000) (21.14)

  2.24 1.77 319,666.67

  1.29 0.76 21,171.37

  12 BMTR IJ 328 755 312 (262) (44.41) - - 0.88 - 4,657.15

  13 BRPT IJ 1,875 2,720 1,510 (385) (17.04)

  30.00

  20.54

  2.16 1.25 33,359.23

  14 BSDE IJ 1,100 1,965 930 (600) (35.29)

  6.61

  8.48

  15 BUMI IJ 169 356 162 (101) (37.41)

  3.82 3.00 139,111.56

  2.57 1.85 - - 11,065.34

  16 EXCL IJ 2,620 1,710 (340) (11.49)

  85.16

  68.02

  1.46 1.27 28,002.46

  17 GGRM IJ 72,300 86,400 66,125 (11,500) (13.72)

  20.80

  16.50

  MARKET CAP (Bn) LQ45 Index CHANGE YTD PER (x) PBV (x) 31-Oct-18 52-WEEK

  Macro data S e c t o rs D e s c ript io n 1- D a y ( %) 5 - D a ys ( %) 1- M o nt h ( %) Y T D ( %)

  P ro perty 1.37 (1.10) (5.17) (18.55) B asic Industry

  0.94 2.16 (5.88)

  9.25 Trade (0.29) 0.14 (4.45) (15.32) Finance

  1.93 4.21 (0.07) (5.85) M iscellaneo us Industry

  2.13

  6.30 6.05 (3.66) Co nsumer (1.56) (0.35) (2.60) (15.97) Infrastructure

  1.59

  5.16 1.28 (10.51) A griculture

  2.23 1.31 (1.15) (4.00) M ining 0.48 (1.68) (7.42)

  15.45 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 O c t - 18 S e p- 18

  Inflatio n YTD (in %)

  1.94

  3.61 Inflatio n Yo Y (in %)

  2.88

  3.20 Inflatio n M o M (in %)

• 0.18 -0.05 Fo reign Reserves (in USD bn)

  114.85 117.93

  F O R E X S po t R a t e 1- D a y ( %) 1- M o nt h ( %) Y T D ( %)

• USD/IDR 15,203.00 (1.92) (10.84) USD/CNY

  6.98 (0.12) (1.53) (6.72) USD/EUR 0.88 (0.17)

  2.18

  5.94 USD/JP Y 112.76

  0.16 1.04 (0.06) USD/SGD

  1.38 0.12 (0.90) (3.48) USD/A UD 1.41 (0.45)

  1.66

  9.88 USD/GB P 0.78 (0.64)

  1.53

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

  

( in %)

  JIB OR (in IDR)

  7.63 LIB OR (in GB P )

  1.05 SIB OR ( in USD)

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

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

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

8.80 Source: Bloomberg, Sinarmas Investment Research

  See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  Te ch n ica l Cor n e r JCI : M I XED M EN GUAT Last price : 5.831 Support : 5.819, 5.781 Resist ance : 5.868, 5.921

JCI pada hari ini kam i per kirakan akan bergerak M I XED M EN GUAT, dengan Range 5.819 — 5.868. JCI , dilihat

dari candle m em bent uk pola Ham m er, yang m engindikasikan adanya peluang unt uk m elanj ut kan penguat an,

JCI berhasil break Resist ance 5.819. JCI berpeluang m encoba Resist ance 5.868 dan 5.921. I ndikat or MACD dan

St oc osc m engindikasikan pola Upt rend.

  Ja k a r t a Com posit e I n de x ( JCI ) Su m m a r y of por t folio: Stock Recommendation Comment

  Candle m em bent uk pola Morning St ar, I ndikat or MACD & St oc osc pola Golden Cross.

BBRI BUY

  Candle m em bent uk pola Whit e Spinning Top, I ndicat or Macd dan St oc Osc m engindikasikan pola Upt rend.

WOOD HOLD

  MAIN HOLD Candle membentuk pola Black Spinning Top, Indikator MACD pola Uptrend.

  

INDF BUY Candle membentuk pola Long White Candle. Stoc osc & MACD pola Up-

trend. ^{2018 Feb Mar Apr May Jun Jul Aug Sep Oct 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 6,700 5868 5719 5921 5781 5622.74 5669 5848 5819 COMPOSITE - Daily 10/31/2018 3:49:00 PM Open 5817.49, Hi 5835.17, Lo 5769.54, Clos e 5822.81 (0.6%) MA(Clos e,50) = 5,859.04 5,822.81 5,859.04 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -100 100 COMPOSITE - MACD(12,26) = -19.16, Signal(12,26,9) = -23.68}

• ^{-19.1643 -23.6799}
^{20 80 COMPOSITE - Stoch %K(15,3) = 67.13, Stoch %D(15,3,3) = 62.16 67.1253 62.1565 COMPOSITE - RSI(15) = 50.61}

  Ba n k Ra k ya t I n don e sia Tbk ( BBRI ) I n t e gr a I n doca bin e t Tbk ( W OOD ) BBRI : BUY Last price : 3.150 Target price : 3.220 ( 2.2% ) St op loss : 3.110 ( - 1.3% ) Ent ry point 3.030 ( 31/ 10) sudah t ercapai dan Target price 3.110 t elah t ercapai ( 31/ 10) , kam i m enaikkan t arget price BBRI m enj adi 3.190. BBRI j uga didukung oleh I ndikat or MACD dan St oc osc m engindikasikan pola Upt rend.

  W OOD : H OLD Last price : 600 Target price : 625 ( 4.2% ) St op loss : 575 ( - 4.2% )

Ent ry point 575 ( 31/ 10) sudah t ercapai, W OOD berhasil break Resist ance 600 dan berpeluang m elanj ut kan penguat an

dengan m enguj i Resist ance 610 dan 625. W OOD j uga didukung oleh I ndikat or MACD dan St oc Osc m engindikasikan

  

Support : 3.110, 3.070

Resist ance : 3.190, 3.220

Support : 575, 555 Resist ance : 610, 625 ^{Mar Apr May Jun Jul Aug Sep Oct 300 350 400 450 500 550 600 650 700 610 625 650 665 575 555 530 690 500 WOOD - Daily 10/29/2018 Open 570, Hi 600, Lo 560, Clos e 580 (1.8%) MA(Clos e,50) = 600.50 580 600.5 Mar Apr May Jun Jul Aug Sep Oct 20 40 WOOD - MACD(12,26) = -7.83, Signal(12,26,9) = -7.25}
• ^{-7.83178 -7.24956}
^{20 80 WOOD - Stoch %K(15,3) = 57.23, Stoch %D(15,3,3) = 49.03 57.2304 49.0332 WOOD - RSI(15) = 47.25 Apr May Jun Jul Aug Sep Oct 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3070 3110 3040 3020 2960 2910 2870 BBRI - Daily 10/30/2018 4:14:00 PM Open 2960, Hi 3030, Lo 2950, Clos e 3030 (2.7%) MA(Clos e,50) = 3,063.20 3,030 3,063.2 Apr May Jun Jul Aug Sep Oct -100 MACD(12,26) 100 BBRI - = -16.09, Signal(12,26,9) = -16.89}
• ^{-16.0887 -16.8918}
^{20 80 95.9855 BBRI - Stoch %K(15,3) = 52.17, Stoch %D(15,3,3) = 49.28 52.1739 49.2754 70 BBRI - RSI(15) = 50.39}

  M a lin do Fe e dm ill Tbk ( M AI N ) I n dofood Su k se s M a k m u r Tbk ( I N D F) M AI N : H OLD Last price : 1.240 Target price : 1.320 ( 6.5% ) St op loss : 1.210 ( - 2.4% ) Ent ry point 1.230 ( 25/ 10) sudah t ercapai, M AI N berhasil break Resist ance 1.280 dan berpeluang m enguj i Resist ance berikut nya 1.320. Perlu diperhat ikan Support 1.185 sebagai level St op Loss M AI N . Nam un, j ika M AI N berhasil break diat as Resist ance 1.280 ada peluang akan m elanj ut kan Trend Bullish dengan Target Price 1.320.

  I N D F : BUY Last price : 5.975 Target price : 6.225 ( 4.6% ) Ent ry point : 5.950 St op loss : 5.725 ( - 3.8% )

  I N D F t elah break Resist ance Trendline 5.950, dan berpeluang m elanj ut kan penguat an dengan m encoba Resist ance 6.025 dan 6.100. I N D F dilihat dari I ndikat or Macd dan St oc osc m engindikasikan pola Upt rend. Candle Chart I N D F

Support : 1.230, 1.210

  

Resist ance : 1.280, 1.320

Support : 5.725, 5.650

Resist ance : 6.025, 6.100

^{Mar Apr May Jun Jul Aug Sep Oct 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1185 1280 1320 1210 1230 MAIN - Daily 10/30/2018 4:11:00 PM Open 1255, Hi 1270, Lo 1225, Clos e 1260 (0.4%) MA(Clos e,50) = 1,250.90 1,260 1,250.9 Mar Apr May Jun Jul Aug Sep Oct MAIN - MACD(12,26) = 10.73, Signal(12,26,9) = -2.95 150 50 100 10.7305 -2.95318 20 80 MAIN - Stoch %K(15,3) = 80.11, Stoch %D(15,3,3) = 79.38 80.1128 79.3796 MAIN - RSI(15) = 56.79 Apr May Jun Jul Aug Sep Oct 5,600 5,800 6,000 6,200 6,400 6,600 6,800 7,000 7,200 7,400 7,600 7,800 5825 5725 5650 5900 6025 5600 5950 6100 6225 INDF - Daily 10/31/2018 4:12:00 PM Open 5750, Hi 5975, Lo 5750, Clos e 5975 (4.8%) MA(Clos e,50) = 6,000.00 5,975 6,000 Apr May Jun Jul Aug Sep Oct -200 -100 INDF - MACD(12,26) = -45.53, Signal(12,26,9) = -65.31}
• ^{-45.5262 -65.3063}
^{20 80 INDF - Stoch %K(15,3) = 45.83, Stoch %D(15,3,3) = 37.50 45.8333 37.5 INDF - RSI(15) = 53.85}

  St a t e Bu dge t 2 0 1 6 2 0 1 7 2 0 1 8

  I N D I CA T OR LKPP A PBN P RA PBN GD P Gr ow th ( % , YoY) 5,0% 5,2% 5,4% Ex change r ate ( USD / I D R) 13307 13300 13500 I nflation ( % , YoY)

  3% 4,3% 3,5%

  3 Months SPN ( % ) 5,7% 5,2% 5,3% I ndonesian C r ude Oil ( USD / bar r el)

  40

  45

  48 Oil Lifting ( thousands bar r el/ day ) 829 815 800 Gas Lifting ( thousands, BOE/ day )

  1.18

  1.15

  1.2 Total State Budget ( in I D R tr illion) 1556 1714 1878 Upcom in g I PO

  I PO I ssu e d Co m p a n y Bu sin e ss Pr ice Sh a r e s Of f e r in g Da t e ( 2 0 1 7 ) List in g Un d e r w r it e r ( Rp ) ( Mn ) Madusar i Mur ni I ndah 495.9 23/ 08/ 2018 - 27/ 08/ 2018 30- Aug- 18 Tr im itr a Pr oper tindo Tbk 773.3 10/ 07/ 2018 - 14/ 08/ 2018 23- Aug- 18 MD Pictur es Tbk 1981.0 25/ 07/ 2018 - 31/ 07/ 2018 07- Aug- 18 Mahk ota Gr oup Tbk 703.7 03/ 07/ 2018 - 09/ 07/ 2018 12- Jul- 18 NFC I ndonesia Tbk 166.7 03/ 07/ 2018 - 05/ 07/ 2018 12- Jul- 18

  D ivide n d

St o ck D PS ( Rp ) St a t u s Cu m D a t e Ex D a t e Re co r d in g Pa y m e n t

  AALI 112 04/ 10/ 2018 05/ 10/ 2018 09/ 10/ 2018 19/ 10/ 2018 ASI I

  60 04/ 10/ 2018 05/ 10/ 2018 09/ 10/ 2018 31/ 10/ 2018 BSSR 151 02/ 10/ 2018 03/ 10/ 2018 05/ 10/ 2018 19/ 10/ 2018 D VLA

  37 02/ 10/ 2018 03/ 10/ 2018 05/ 10/ 2018 26/ 10/ 2018 TPI A USD 0.00162 28/ 09/ 2018 01/ 10/ 2018 03/ 10/ 2018 24/ 10/ 2018

  HEXA USD 0.02148 25/ 09/ 2018 26/ 09/ 2018 28/ 09/ 2018 19/ 10/ 2018

  I KBI

  5 18/ 09/ 2018 19/ 09/ 2018 21/ 09/ 2018 10/ 10/ 2018

XI SB

  1.98 13/ 09/ 2018 14/ 09/ 2018 18/ 09/ 2018 20/ 09/ 2018 JPFA 50 05/ 09/ 2018 06/ 09/ 2018 10/ 09/ 2018 24/ 09/ 2018

  Righ t s I ssu e T ick e r Ra t io Pr ice ( Rp ) Cu m Da t e EX Da t e T r a d in g RBMS 99 : 100 200 05/ 10/ 2018 08/ 10/ 2018 12/ 10/ 2018 - 18/ 10/ 2018 MAYA

  1 : 6 2,200 03/ 10/ 2018 04/ 10/ 2018 10/ 10/ 2018 - 16/ 10/ 2018

AGRO 271 : 1000 400 06/ 09/ 2018 07/ 09/ 2018 14/ 09/ 2018 - 20/ 09/ 2018

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