See important disclaimer at the end of this report

  Ot her Indices C lo sing 1- D ay C hg ( %) YT D C hg ( %) C urrency Spo t R at e R at e ( ID R ) 1- D ay C hg ( %) YT D C hg ( %) P rice Last T ransact io n YT D C hg ( %) Toda y ’s M a r k e t :

• I HSG diperkirakan bergerak m ixed dengan kecenderungan m elem ah. Bursa AS dit ut up m enguat pada perdagangan Rabu ( 03/ 10) . US 10 - Yr Treasury naik ke level 3.18% . Harga crude oil naik ke level USD 76.12 per barrel. Harga bat ubara t urun ke level USD 113.90 per Mt . Rupiah ber- gerak m elem ah t erhadap Dollar AS ke level Rp 15.065.

  25.97 Coal (USD/mn tons) 113.90 10/3/2018

  13.00 Natural Gas (USD/mmBtu) 3.24 7:59:44 AM

  9.69 Gold (USD/ounce) 1,198.08 8:10:54 AM (8.04) Nickel (USD/mn tons) 12,880.00 8:07:42 AM

  0.94 Tins (USD/mn tons) 18,990.00 10/3/2018 (5.17) CPO (M YR/mn tons) 2,127.00 10/3/2018 (12.97) Rubber (JPY/kg) 159.40 7:56:14 AM (22.40) Wheat (USD/bushel) 515.50 8:00:05 AM

  20.67 Corn (USD/bushel) 365.00 8:00:05 AM

  4.06 C o mmo dit ies

  10Yr Governm ent Bonds Yield naik ke level 8.26% .

• Dari dalam negeri, Kem ent rian Keuangan m enyebut kan penerim aan paj ak per 30 Sept em ber 2018 m encapai Rp 900,82 t riliun at au m encapai 63,26% dari t arget dalam APBN 2018 Rp 1.424 t riliun.

  lalui anak usahanya, PT Pam apersada Nusant ara siap m engeksplorasi t am bang em as Mart abe di Sum at era Ut ara. Tam bang em as Mart abe m am pu m em pr oduksi 300.000 hingga 350.000 ounce per t ahun.

  Thursday, October 04, 2018 Source: Bloomberg, Sinarmas Investment Research

  Top BUY: EX CL BoW : M YOR, PTBA, CPI N I HSG t u ru n s e b a n y a k 7 .9 p o in ( 0 .1 3 % ) k e le v e l 5 8 6 7 .7 4 .

  Se m e n t a ra LQ4 5 t u ru n s e b a n y a k 3 .7 p o in ( 0 .4 % ) k e le v e l 9 2 5 .3 . Fo re ig n n e t s e ll s e b e s a r Rp 2 4 2 .3 m ilia r.

  5,000 10,000 15,000 20,000

  3,000 4,000 5,000 6,000 7,000

  6.16 Crude Oil (USD/barrel) 76.12 8:00:39 AM

  7.22 AUD/IDR 10,700.09 (0.91)

  1.15 GBP/IDR 19,498.00 (0.12)

  0.07

  ID X St at ist ics C lo sing

  JCI 5,867.74 Transaction Value Regular M arket (IDR tn) 4.464 Transaction Volume Regular M arket (mn shares) 7,301 Foreign Net Buy (Sell) (IDR bn) (242) Foreign Net Buy (Sell) (3.68) Total M arket Capitalization (IDR tn) 6,639.77 LQ45 925.30 (0.40) (14.28) EIDO 21.97 (1.96) (22.72)

  IDX 19.96 (1.53) (19.65) DOW JONES 26,828.39

  0.20

  8.53 S&P 500 2,925.51

  9.42 NASDAQ 8,025.09

  8.78 SGD/IDR 10,944.99 (0.07)

  0.32

  16.25 FTSE 7,510.28 0.48 (2.31) NIKKEI 24,110.96 (0.66)

  5.91 HANG SENG 27,091.26 (0.13) (9.45) STRAITS TIM ES 3,267.40 0.76 (3.98) KLSE 1,796.30 (0.10) (0.03) USD/IDR 15,065.00

  0.00

  10.08 EUR/IDR 17,300.03 (0.39)

  6.28 JPY/IDR 132.23 (0.20)

  Volume JCI Index

• Dari dalam negeri, Purchasing Managers I ndex ( PMI ) I ndo- nesia pada bulan Sept em ber t ahun ini berada di level 50,7. Angka t ersebut m enurun dibandingkan Agust us yang berada di posisi 51,9.
• Sehubungan dengan em it en, Unit ed Tract ors ( UNTR) m e-
• Secara t eknikal indeks hari Kam is ( 04/ 10) , I HSG diprediksi bergerak di kisaran 5805 - 5910.

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

Berdasarkan dat a Bloom berg, nilai t ukar rupiah di pasar spot dit ut up di zona m erah dengan pelem ahan 0,21% at au

32 poin ke level Rp15.075 per dolar AS set elah bergerak pada kisaran Rp15.065 - Rp15.088 pada Rabu ( 3/ 10) sore.

Source: Bisnis I ndonesia

I ndeks m anufakt ur at au Purchasing Managers I ndex ( PMI ) I ndonesia pada bulan Sept em ber t ahun ini berada di level

50,7. Angka t ersebut m enurun dibandingkan Agust us yang berada di posisi 51,9. Source: Kont an

Sej um lah pengusaha m endeklarasikan diri unt uk m em bant u st abilit as nilai t ukar rupiah. Dipelopori oleh Adaro En-

ergy ( ADRO) dan em pat perusahaan m it ranya, m ereka sepakat m elakukan t ransaksi dalam m at a uang rupiah, dari

sebelum nya m enggunakan m at a uang dolar AS. Rupiah ini bersum ber dari devisa hasil ekspor ( DHE) . Deklarasi

‘penyelam at an rupiah’ ini disaksikan Ment eri Keuangan Sri Mulyani I ndrawat i. Source: I nvest or Daily

Direkt orat Jenderal Paj ak ( DJP) Kem ent rian Keuangan m enyebut kan penerim aan paj ak per 30 Sept em ber 2018

m encapai Rp 900,82 t riliun at au m encapai 63,26% dari t arget dalam APBN 2018 Rp 1.424 t riliun. Sour ce: I nvest or

Daily

I ndonesia dinilai m em iliki pot ensi besar dalam pengem bangan sekt or indust ri halal. I ni t ercerm in dari persent ase

penduduk I ndonesia yang m erupakan 12,7% dari populasi penduduk m uslim dunia dengan diduk ung oleh peningka-

t an kesadaran akan pent ingnya konsum si sekt or indust ri halal. Source: I nvest or Daily

I ndeks Dow Jones m encet ak rekor baru pada awal perdagangan Rabu ( 3/ 10) . Meredanya kekhawat iran t erhadap

defisit anggaran I t alia dan k uat nya laporan ket enagakerj aan Am erika Serikat ( AS) m enj adi fakt or pendorong.

Source: I nvest or Daily

Mit subishi Mot ors Corporat ion ( MMC) m enam bah inv est asinya 4 m iliar yen at au set ara Rp 540 m iliar unt uk m ening-

kat kan kapasit as produksi pabrik di Cikarang, Bekasi, Jawa Barat , m enj adi 220 ribu unit dari sebelum nya 160 ribu

unit per t ahun. Ekspansi ini akan ram pung pada t ahun 2020. Source: I nvest or Daily

PT Pert am ina ( Persero) bakal m enerbit kan surat ut ang global ( global bond) sebelum akhir t ahun ini. Penerbit an

global bond guna m em peroleh pendanaan unt uk inv est asi j angka panj ang perseroan, t erm asuk unt uk m engem ban-

gakan bisnis hulu m igasny a. Source: I nvest or Daily

Kino I ndonesia ( KI NO) m elalui anak usahanya, Kino I nt ernat ional Pt e Lt d m elakukan ekspansi usaha ke Kam boj a.

  

Kino I nt ernat ional m enggandeng VSCP I nvest m ent Co Lt d t erkait pem bent ukan perusahaan pat ungan ( j oint vent ure/

JV) di negara t ersebut . Kino m engeluarkan dana invest asi sebesar KHR 816 j ut a dan VSCP invest m ent sebesar 7 j ut a

t erkait pem bent ukan JV di Kam boj a. Source: I nvest or Daily

Blue Bird ( BI RD) m endapat kont rak eksklusif saat Annual Meet ing I MF- World Bank di Bali dengan kont rak at as 1000

kendaraan. Source: Kont an

Sat ian Ant ara Prim a ( SAPX) m enarget kan pendapat an naik 50% dibanding periode sam a pada t ahun lalu sebesar Rp

148,2 m iliar. Hingga Sept em ber 2018 ini, SAP t elah m em iliki 200 gerai SAP Express dengan t arget akhir t ahun se-

banyak 220 out let . Source: Kont an

Wij aya Karya Bangunan Gedung ( WEGE) kian dekat dengan t arget kont rak baru yang dipasang pada 2018 set elah

m erealisasikan 81,53% dari t ot al nilai yang dibidik pada t ahun ini. Jum lah yang dibidik Rp7,83 t riliun. Source Bisnis

I ndonesia

Wij aya Karya Bet on ( WTON) m enarget kan perolehan kont rak bar u senilai Rp 9 t riliun pada 2019, t um buh 20% di-

bandingkan t arget t ahun ini yang sebesar Rp 7,56 t riliun. Target t ersebut bisa dicapai j ika pem erint ah konsist en

m em bangun proyek infrast rukt ur. Source: I nvest or Daily

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

Unit ed Tract ors ( UNTR) m elalui anak usahanya, PT Pam apersada Nusant ar a siap m engeksplorasi t am bang em as

Mart abe di Sum at era Ut ara. Tam bang em as Mart abe m am pu m em produksi 300.000 hingga 350.000 ounce per t a-

hun. Source: Kont an

Tot al Bangun Persada ( TOTL) opt im is dapat m eraup kont rak baru senilai Rp 1,05 t riliun dalam t iga bulan ke depan

hingga akhir t ahun dan dapat m erealisasikan t arget kont rak baru t ahun ini yang m encapai Rp 4 t riliun. Source: Kon-

t an

PT Pegadaian ( Persero) m em bukukan laba bersih sebesar Rp 1,84 t riliun pada kuart al I I I - 2018, t um buh 12,19% di-

bandingkan posisi sam a t ahun lalu Rp 1,64 t riliun. Kenaikan laba bersih ini dit opang oleh m elonj aknya pendapat an

sebesar Rp 7,54 t riliun, sem ent ara beban usaha t ercat at Rp 5,02 t riliun. Source: I nvest or Daily

PT Est ika Tat a Tiara ( KI BI F) bakal m enggelar penawaran um um perdana ( I PO) saham sebesar 20% kepada invest or

publik. Dana perolehan I PO t ersebut akan dim anfaat kan unt uk invest asi ke depan. Sour ce: I nvest or Daily

PT Yeloo I nt egra Dat anet ( Passpod) m em asuki t ahap pem bent ukan harga. Passpod m em berikan rent ang harga indi-

kat if Rp 250- 375 per saham dan akan m elepas m aksim al 130 j ut a saham biasa, set ara 34,21% dari t ot al m odal

dit em pat kan dan diset or penuh. Sekit ar 68,10% dana hasil I PO ini akan digunakan unt uk pengadaan billing m anage-

m ent syst em dan perangk at SI M bank, 3,69% digunakan unt uk research & developm ent ( R&D) aplikasi, dan sisa

28,21% akan digunakan unt uk m odal kerj a berupa pem belian m odem dan power bank. Source: Kont an

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

  27 N EY Index 376.09 323.31

  8.46

  1.46 1.43 7,218.03

  58.13

  26 N KY Index 24,448.07 20,347.49 1,346.02

  5.91

  19.40

  16.98

  1.90 2.02 405,508.26 3,545.89

  2.05

  0.22

  0.57

  16.05

  12.90

  1.38 1.38 456,174.67 3,988.94

  28 T P X Index 1,911.31 1,645.16 (14.83) (0.82)

  16.34

  14.00

  1.41 1.50 677,345.54 5,922.92

  8.99

  88.71

  16.68

  18.64

  21 SEN SEX Index 38,989.65 31,457.78 1,918.80

  5.63

  24.56

  19.28

  3.12 2.95 65,294.58 888.66

  22 N IF T Y Index 11,760.20 9,850.65 327.55

  3.11

  23.85

  3.12 2.95 80,390.97 1,094.13

  25 KSE100 Index 47,144.12 37,736.73

  23 J C I Index 6,693.47 5,557.56 (487.92) (7.68)

  24.62

  15.37

  2.58 2.63 6,639,769.09 438.91

  24 LQ 45 Index 1,132.92 871.91 (154.08) (14.28)

  21.16

  15.94

  3.39 3.44 4,215,635.71 278.66

  29 F B M KLC I Index 1,896.03 1,657.78 (0.51) (0.03)

  17.27

  8.11

  17.52

  1.75 1.73 32,243.38 1,048.63

  35 SET Index 1,852.51 1,584.68 (11.75) (0.67)

  18.90

  16.14

  2.08 2.14 17,566.63 541.04

  36 SET 50 Index 1,223.67 1,043.32

  12.61

  1.11

  15.85

  15.55

  2.26 2.31 12,063.46 371.55

  37 VN IN D EX Index 1,211.34 797.00

  36.16

  3.67

  19.00

  17.49

  2.81 3.06 3,265,314.30 139.96

  A s i a / P a c i f i c A m e r i c a 5 2 - W E E K C H A N G E Y T D P E R ( x) P B V ( x) M A R K E T C A P ( B n ) E u r o p e

H I G H L O W P O I N T % 2 0 17 2 0 18 E 2 0 17 2 0 18 E

D o m a i n

  13.98

  2.08

  1.67 1.65 1,119.09 270.21

  16.76

  30 N Z SE Index 1,652.90 1,427.58 117.53

  7.78

  19.27

  21.63

  2.03 2.06 133.44

  87.19

  31 P C O M P Index 9,078.37 6,923.67 (1,347.55) (15.75)

  22.98

  2.51 2.40 9,067.60 167.09

  34 T WSE Index 11,270.18 10,189.04 221.08

  32 F SST I Index 3,641.65 3,102.73 (135.52) (3.98)

  11.07

  13.25

  1.22 1.27 566.71 411.29

  33 KO SP I Index 2,607.10 2,218.09 (157.92) (6.40)

  12.69

  9.31

  1.05 1.06 1,493,728.00 1,331.27

  1.05 1.12 11,317.98 1,444.26

  9.18

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

  1.97 2.03 2,094.67 2,720.77

  2.65 2.68 5,872.64 311.69

  6 SX5E Index 3,708.82 3,261.86 (98.48) (2.81)

  18.41

  14.07

  1.67 1.81 2,945.95 3,392.27

  7 UKX Index 7,903.50 6,866.94 (177.49) (2.31)

  23.26

  13.39

  8 C A C Index 5,657.44 5,038.12 178.84

  19.72

  3.37

  18.43

  14.65

  1.67 1.74 1,639.22 1,887.56

  9 D A X Index 13,596.89 11,726.62 (630.06) (4.88)

  19.19

  13.29

  1.86 1.95 1,138.64 1,311.15

  16.72

  5 M EXB O L Index 51,121.23 44,429.36 (349.07) (0.71)

  15.07

  17.95

  1 IN D U Index 26,951.81 22,632.80 2,109.17

  8.53

  20.64

  16.94

  3.88 3.98 7,473.06 7,473.06

  2 SP X Index 2,940.91 2,531.80 251.90

  9.42

  22.49

  3.30 3.35 25,642.18 25,642.18

  1.91 1.90 2,472.23 1,926.16

  3 C C M P Index 8,133.30 6,513.12 1,121.70

  16.25

  40.69

  23.51

  3.80 3.87 12,547.80 12,547.80

  4 SP T SX Index 16,586.46 14,785.78 (137.08) (0.85)

  19.81

  15.59

  10 IB EX Index 10,643.40 9,111.10 (682.80) (6.80)

  12.18

  20 H SC EI Index 13,962.53 10,196.71 (923.13) (7.88)

  11.47

  15.64

  2.00 1.99 1,996.46 1,422.68

  16 SH SZ 300 Index 4,403.34 3,191.40 (592.00) (14.69)

  16.47

  11.77

  2.05 2.13 27,356.76 3,982.70

  17 SH A SH R Index 3,757.20 2,769.10 (508.73) (14.69)

  16.86

  1.80 1.87 30,043.69 4,373.87

  1.59

  18 SZ A SH R Index 2,140.56 1,438.39 (479.30) (24.13)

  29.07

  16.62

  3.12 3.15 18,437.89 2,684.26

  19 H SI Index 33,484.08 26,219.56 (2,827.89) (9.45)

  13.71

  11.10

  1.39 1.42 17,639.77 2,250.98

  18.90

  97.93

  1.47 1.49 584.94 673.56

  1.91 1.93 678.24 780.99

  11 F T SEM IB Index 24,544.26 20,207.46 (1,117.33) (5.11) 559.35

  11.34

  1.18 1.19 494.66 569.60

  12 A EX Index 576.90 515.96

  8.27

  1.52

  18.84

  14.73

  13 SM I Index 9,616.38 8,372.90 (206.66) (2.20)

  15 A S30 Index 6,481.30 5,717.70

  24.52

  16.06

  2.59 2.65 1,111.79 1,123.36

  14 A S51 Index 6,373.50 5,650.90

  80.94

  1.33

  17.95

  15.54

  2.08 2.08 1,838.90 1,310.40

  C u r r e n c y U S D

  LQ4 5 Source: Bloomberg, Sinarmas Investment Research

  

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4 5 W S K T I J

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

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

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

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

  

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

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

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

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

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

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

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

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

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

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

1 9

  

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

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

  

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

  

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

  

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

  

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

  2 A D R O I J 1 , 8 6 5 2 , 6 5 0 1 , 5 7 5 5 0 . 2 7 9 . 0 6 8 . 2 2 1 . 2 6 1 . 0 6 5 9 , 6 5 3 . 8 2

  

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

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

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

  P ro perty (0.40) 0.56 (5.13) (15.37) B asic Industry (0.03) (2.66) (2.79)

  12.58 Trade (0.31) (0.15) (3.24) (11.91) Finance 0.17 (0.01) (0.89) (6.84) M iscellaneo us Industry 0.21 (1.18) 2.19 (10.52) Co nsumer (0.85) (0.41) 0.36 (14.98) Infrastructure

  0.07

  1.58 2.22 (12.57) A griculture 0.71 (0.79) (3.60) (3.56) M ining

  0.32

  2.15

  2.57

  24.18 E c o no m ic Indic a t o rs

  E c o no m ic P a ra m e t e rs S e p- 18 A ug- 18

  Inflatio n YTD (in %)

  1.94

  3.61 Inflatio n Yo Y (in %)

  2.88

  3.20 Inflatio n M o M (in %)

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

  117.90 118.31

  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 15,075.00 (1.72) (10.08) USD/CNY

  6.87 0.31 (0.96) (5.27) USD/EUR

  0.87

  0.05

  0.95

  4.63 USD/JP Y 114.38 0.13 (2.60) (1.48) USD/SGD 1.38 (0.10) (0.35) (3.27) USD/A UD

  1.41

  0.09

  1.16

  10.00 USD/GB P

  0.77 0.08 (0.59)

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

  ( in %)

  JIB OR (in IDR)

  7.58 LIB OR (in GB P )

  1.07 SIB OR ( in USD)

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

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

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

8.44 Source: Bloomberg, Sinarmas Investment Research

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

  I N D I CA T OR LKPP A PBN P RA PBN 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

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

  Pick s of Th e D a y EXCL : TRAD I N G BUY EXCL ber hasil br eak Resist ance Tr endline 2.830, EXCL berpeluang m elanj ut k an penguatan dengan m enguj i Resist ance 2.880, 2.920 dan 2.960, Nam un, j ik a EXCL gagal br eak Resist ance 2.880, m ak a EXCL ak an m encoba Suppor t 2.830, 2.760 dan 2.720. EXCL dilihat I ndik at or MACD dan St oc osc m engindik asik an pola Rev er sal.

  Ent r y point : 2.850 — 2.860 Ex it point : 2.920 ( 2.5% ) , 2.960 ( 3.9% ) St op Loss : 2.830 ( - 0.7% ) M YOR : BUY ON W EAKN ESS

M YOR belum ber hasil break Resist ance Tr endline 2.750, M YOR ber peluang m enguj i Suppor t 2.710, 2.680 dan 2.630. Nam un, j ik a

M YOR ber hasil br eak Resist ance Trendline 2.750, m ak a MYOR ak an m encoba Resist ance 2.770, 2.800 dan 2.840. M YOR dilihat I ndik ator MACD dan St oc osc m engindik asik an pola Rev er sal. Ent r y point : 2.710 — 2.750 Ex it point : 2.770 ( 2.2% ) , 2.800 ( 3.3% ) St op Loss : 2.680 ( - 1.1% ) ^{Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 2840 3000 2900 2680 2750 2970 2800 2940 2630 2710 2600 MYOR - Daily 10/3/2018 4:09:00 PM Open 2660, Hi 2730, Lo 2630, Clos e 2730 (3.0%) MA(Clos e,50) = 2,865.20 2,730 2,865.2 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -50 MACD(12,26) 150 MYOR - = -43.82, Signal(12,26,9) = -45.50 50 100}

• ^{-43.822 -45.505}
^{20 80 MYOR - Stoch %K(15,3) = 30.67, Stoch %D(15,3,3) = 33.78 30.6667 33.7778 MYOR - RSI(15) = 44.65 Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 3,400 3,600 2640 2700 2760 2880 2820 2960 3030 3190 3080 2600 EXCL - Daily 10/3/2018 4:13:00 PM Open 2750, Hi 2880, Lo 2750, Clos e 2860 (4.0%) MA(Clos e,50) = 2,913.60 2,860 2,913.6 Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct -200 -100 100 EXCL - MACD(12,26) = -35.02, Signal(12,26,9) = -21.68}
• ^{-35.0227 -21.6764}
^{20 80 EXCL - Stoch %K(15,3) = 25.56, Stoch %D(15,3,3) = 16.40 25.5556 16.4021 70 EXCL - RSI(15) = 49.11}

  _{PTBA - Daily 10/3/2018 4:14:00 PM Open 4590, Hi 4720, Lo 4590, Clos e 4660 (1.5%) MA(Clos e,50) = 4,248.60} Pick s of Th e D a y _{4310 4,248.6 4360 4460 4540 4630 4,600 4740 4840 4,800 4940 4,660 4,400 5,000} 4260 _{4200 3,200 3,400 3,600 3,800 4,000 4,200 PTBA - MACD(12,26) = 93.08, Signal(12,26,9) = 17.78 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 2,200 2,400 2,600} 3,000 _{2,800 PTBA - Stoch %K(15,3) = 89.56, Stoch %D(15,3,3) = 91.39 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 91.3863 93.0757 17.7805 89.56 100} 200 _{-100 20 80} PTBA - RSI(15) = 70.64

  PTBA : BUY ON W EAKN ESS PTBA belum ber hasil br eak Resist ance 4.740 . PTBA berpeluang m enguj i Suppor t 4.630, 4.590 dan 4.540. Nam un, j ik a PTBA ber hasil br eak Resist ance 4.740, m ak a PTBA ak an m encoba Resist ance 4.840 dan 4.940. PTBA dilihat I ndik at or MACD m engindik asik an pola Upt rend. Ent r y point : 4.630 — 4.660 Ex it point : 4.740 ( 2.4% ) , 4.840 ( 4.5% ) _{CPIN - Daily 10/3/2018 4:12:00 PM Open 5275, Hi 5300, Lo 5075, Clos e 5150 (3.0%) MA(Clos e,50) = 4,858.40} St op Loss : 4.590 ( - 0.9% ) _{5550 5450 5075 5350 5200 5,150 5,000 5,200 5,400 5,600 4930} 4980 _{4830 4,800 4,858.4 4,000 4,200 4,400 4,600 3,400 3,600} 3,800 _{3,000 3,200 CPIN - MACD(12,26) = 77.81, Signal(12,26,9) = 92.64 CPIN - Stoch %K(15,3) = 37.86, Stoch %D(15,3,3) = 37.71 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 77.8074 100 92.6372} 2,800 _{200 300 80 CPIN - RSI(15) = 57.01 37.7137} 37.8606 ₂₀ CPI N : BUY ON W EAKN ESS

  CPI N belum ber hasil br eak Resist ance 5.350. CPI N berpeluang m enguj i Suppor t 5.075, 5.000 dan 4.980. Nam un, j ik a CPI N ber hasil br eak Resist ance 5.350, m ak a CPI N ak an m encoba Resist ance 5.450 dan 5.550. CPI N dilihat I ndik at or Stoc osc m engindik asik an pola Rev er sal.

  Ent r y point : 5.075 — 5.150 Ex it point : 5.350 ( 5.4% ) , 5.450 ( 7.4% ) St op Loss : 5.000 ( - 1.5% )

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