See important disclaimer at the end of this report

Tuesday, October 02, 2018
Volume

7,000

ID X Statistics

JCI Index

C lo sing

20,000 JCI

5,944.60

Transaction Value Regular M arket (IDR tn)

4.526

Transaction Volume Regular M arket (mn shares)

6,070

6,000

15,000

5,000

10,000 Foreign Net Buy (Sell) (IDR bn)

4,000

5,000

378

Foreign Net Buy (Sell)

(3.66)

Total M arket Capitalization (IDR tn)

3,000

6,726.32

0
Other Indices

I HSG t u ru n se b a n ya k 3 2 p o in (0 .5 4 % ) ke le ve l 5 9 4 4 .6 .
Se m e n t a ra LQ4 5 t u ru n se b a n ya k 4 .1 p o in (0 .4 4 % ) ke le ve l
9 4 2 .0 1 . Fo re ig n n e t b u y se b e sa r Rp 3 7 8 .1 7 m ilia r.

C lo sing

1-D ay C hg (%)

YT D
C hg (%)

LQ45

942.01

(0.44)

(12.73)

EIDO

22.92

(0.22)

(19.38)

IDX

20.71

(0.53)

(16.63)

26,651.21

0.73

7.82

S&P 500

2,924.59

0.36

9.39

NASDAQ

8,037.30

(0.11)

16.43

DOW JONES

Toda y’s M a r k e t :

FTSE

7,495.67

(0.19)

(2.50)

•

NIKKEI

24,245.76

0.52

6.50

HANG SENG

I HSG diperkirakan bergerak m ixed dengan kecenderungan
m elem ah. Bursa AS dit ut up m enguat pada perdagangan
Senin ( 01/ 10) . Harga crude oil naik ke level USD 75.51
per barrel. Harga bat ubar a naik ke level USD 114.60 per
Mt . Rupiah bergerak m enguat t erhadap Dollar AS ke level
Rp 14.898. 10Yr Governm ent Bonds Yield st abil di level
8.03% .

•

•

•

Dari dalam negeri, Badan Pusat St at ist ik ( BPS) m elaporkan, selam a Sept em ber 2018, t erj adi deflasi 0,18%
MoM. Deflasi Sept em ber disum bang oleh deflasi pada
kelom pok bahan m akanan dan kelom pok t ransport asi, kom unikasi, dan j asa keuangan m asing- m asing sebesar
1,62% dan 0,05% . Sem ent ara inflasi t ahunan Sept em ber
sebesar 2,88% YoY.
Dari dalam negeri, Kem ent erian Keuangan t engah m engkaj i rencana perluasan kebij akan paj ak pert am bahan nilai
( PPN) 0% m enj adi sem bilan j enis ekspor j asa guna m em perbaiki neraca perdagangan dan neraca pem bayaran.
Pem erint ah hanya m em bat asi t iga j enis j asa yang dikenakan PPN 0% yait u j asa m aklon, perbaikan dan perawat an
dan konst ruksi.
Secara t eknikal indeks hari Selasa ( 02/ 10) ,
diprediksi bergerak di kisaran 5920 - 5980.

Top BUY: I N D F, BBRI

BoW : PTBA, PTPP

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

I HSG

27,788.52

0.26

(7.12)

STRAITS TIM ES

3,255.46

(0.05)

(4.33)

KLSE

1,792.46

(0.04)

(0.24)

C urrency Spo t R ate

R ate (ID R )

1-D ay C hg (%)

YT D
C hg (%)

USD/IDR

14,898.00

0.00

EUR/IDR

17,259.88

(0.10)

6.13

JPY/IDR

131.08

0.22

8.20

SGD/IDR

10,882.77

(0.07)

6.83

AUD/IDR

10,784.32

0.32

2.00

GBP/IDR

19,443.59

0.19

5.95

C o mmo dities
Crude Oil (USD/barrel)
Coal (USD/mn tons)
Natural Gas (USD/mmBtu)
Gold (USD/ounce)

Last
T ransactio n

P rice

9.09

YT D
C hg (%)

75.51

7:55:07 AM

24.98

114.60

10/1/2018

13.69

3.13

7:54:49 AM

5.89

1,190.30

8:05:04 AM

(8.64)

Nickel (USD/mn tons)

12,470.00

8:04:35 AM

(2.27)

Tins (USD/mn tons)

18,975.00

10/1/2018

(5.24)

2,094.00

10/1/2018

(14.32)

CPO (M YR/mn tons)
Rubber (JPY/kg)

159.60

7:39:12 AM

(22.30)

Wheat (USD/bushel)

511.25

7:54:57 AM

19.79

Corn (USD/bushel)

364.25

7:53:52 AM

3.85

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
Badan Pusat St at ist ik ( BPS) m elaporkan, selam a Sept em ber 2018, t erj adi deflasi 0,18% MoM. Deflasi Sept em ber
disum bang oleh deflasi pada kelom pok bahan m akanan dan kelom pok t ransport asi, kom unikasi, dan j asa keuangan
m asing- m asing sebesar 1,62% dan 0,05% . Deflasi kelom pok bahan m akanan disebabkan oleh penur unan harga
daging ayam ras, bawang m erah, ikan segar, cabai rawit , dan sayuran. I nflasi t ahun kalender Januari - Sept em ber
2018 m encapai 1,94% . Sem ent ara inflasi t ahunan Sept em ber sebesar 2,88% YoY, t erendah sej ak t iga t ahun t erakhir. Source: Kont an
Pem erint ah China pangkas t arif im por produk t ekst il dan logam , t erm asuk produk baj a. Kem ent erian Keuangan
China, sepert i diberit akan Reut ers kem arin, m enur unkan t arif im por unt uk produk t ersebut m enj adi 8,4% dari
11,5% . Kebij akan it u efekt if berlaku pada 1 Novem ber 2018 m endat ang. Source: Kont an
Keput usan Kem ent erian Perdagangan ( Kem dag) m enaikkan harga acuan t elur dan daging ayam per 1 Okt ober 2018
m ulai m em buahkan hasil. Harga t elur naik m enj adi Rp 18.000 per kg di t ingkat pet ernak dari sebelum nya Rp 16.000
- Rp 17.000 per kg dan daging ayam sudah m encapai Rp 17.000 per kg dari sebelum nya Rp 12.000 - Rp 13.000 per
kg. Source: Kont an
Berdasarkan dat a Badan Pusat St at ist ik ( BPS) , j um lah wisat awan m ancanegara ( wism an) yang bert andang ke
daerah t ersebut m elalui Bandara I nt ernasional Lom bok, Nusa Tenggara sepanj ang Agust us 2018 hanya sekit ar 4.306
orang. Jum lah t ersebut m erosot sekit ar 69,18% dibandingkan dengan kunj ungan di bulan Juli 2018 yang m encapai
13.980 wism an. Source: Kont an
Tercapainya kesepakat an ant ara Am erika Serikat dan Kanada berhasil m enyelam at kan Pakt a Perdagangan Bebas
Am erika Ut ara ( NAFTA) yang kini berubah nam a m enj adi Unit ed St at es- Mexico- Canada Agreem ent
( USMCA) . Kesepakat an baru yang disebut dengan Perj anj ian Am erika Serikat - Meksiko - Kanada at au USMCA ini
dicapai lebih dari sat u t ahun perundingan. Source: Bisnis I ndonesia, I nvest or Daily
Perbankan siap m endukung produk lindung nilai Dom est ic Non - Deliverable Forward ( DNDF) dari Bank I ndonesia.
I m plem ent asi t ransaksi DNDF akan m ulai diuj i coba bulan depan oleh perbankan dan Bank I ndonesia. Produk hedging t ersebut diperkirakan akan m ulai efekt if di pasar pada pert engahan Novem ber 2018. Produk t ersebut diharapkan
dapat m em percepat pendalam an pasar valut a asing. Source: Bisnis I ndonesia
Pem erint ah m elalui Kem ent erian Keuangan t engah m engkaj i rencana perluasan kebij akan paj ak pert am bahan nilai
( PPN) 0% m enj adi sem bilan j enis ekspor j asa guna m em perbaiki neraca perdagangan dan neraca pem bayaran. Pem erint ah hanya m em bat asi t iga j enis j asa yang dikenakan PPN 0% yait u j asa m aklon, perbaikan dan perawat an dan
konst ruksi. Sour ce: I nvest or Daily
Pem erint ah t elah ram pung m endesain Kredit Usaha Rakyat ( KUR) khusus unt uk m em percepat pencapaian t arget
penyaluran KUR sekt or produksi. Skem a KUR khusus t ersebut dit uj ukan unt uk kom odit as perkebunan rakyat , pet ernakan rakyat , dan perikanan rakyat . Plafon KUR khusus adalah di at as Rp 25 j ut a sam pai dengan Rp 500 j ut a unt uk
set iap individu anggot a kelom pok. Penyaluran KUR didom inasi di pulau Jawa 56.1% , Sum at era 19.4% , Sulawesi
9.5% dan Kalim ant an 6.2% . Source: I nvest or Daily
Pasar ekspor produk m inyak kelapa sawit ( crude palm oil/ CPO) dan t urunannya diyakini m asih st agnan di t engah
upaya pem erint ah unt uk m em acu serapan st ok dom est ik m elalui program biodiesel B20. Hal ini diperkuat dengan
rendahnya t anda- t anda perm int aan dari t iga negara ut am a pengim por CPO asal I ndonesia yakni I ndia, China dan Uni
Eropa. Source: Bisnis I ndonesia
Em pat bank BUMN m encat at perolehan t ot al laba bersih sam pai dengan Agust us 2018 m encapai Rp 46,15 t riliun,
t um buh 13,75% dibandingkan dengan periode sam a t ahun lalu Rp 40,57 t riliun. Source: I nvest or Daily

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

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

2

D a ily Cor por a t e a nd I n du st r y N e w s
Bank Tabungan Negara ( BBTN) berhasil m engant ongi kredit baru sebesar Rp8,7 t riliun pada aj ang pam eran propert i
I ndonesia Propert y Expo ( I PEX) 2018 yang berlangsung 22 - 30 Sept em ber 2018. Pencapaian t ersebut m elam paui
t arget kredit baru yang diproyeksi sebesar Rp5 t riliun. Source: Bisnis I ndonesia
Wij aya Karya Bet on ( WTON) akan m engej ar perolehan kont rak baru pada Okt ober 2018 unt uk m engej ar t arget kont rak baru Rp7,56 t riliun pada t ahun ini. Hingga Sept em ber 2018, kont rak yang t elah direalisasikan adalah sebesar
66,66% dari t arget kont rak baru 2018. Source: Bisnis I ndonesia
Ram ayana Lest ari Sent osa ( RALS) m enyebut kan, akibat gem pa dan t sunam i, sat u gerai Ram ayana rusak parah sehingga unt uk sem ent ara berhent i beroperasi. Source: Kont an
Adhi Karya ( ADHI ) opt im ist is pem bayaran pengerj aan proyek light rail t ransit Jakart a, Bogor, Depok, dan Bekasi senilai Rp3,6 t riliun yang bakal dit erim a bulan ini akan m engerek arus kas dari akt ivit as operasi perseroan. Source:
Bisnis I ndonesia
Met ro Pacific Tollways I ndonesia ( MPTI ) kini m enguasai 77% saham Nusant ara I nfrast ruct ure ( META) dari sebelum nya yang sebesar 53,26% . Peningkat an kepem ilikan it u t erj adi set elah MPTI m elaksanakan penawaran t ender waj ib
( m andat ory t ender offer) saham Nusant ara I nfr ast ruct ure. Source: I nvest or Daily
Lim a perusahaan m eram pungkan bookbuilding sehubungan dengan penawaran um um saham perdana ( I PO) saham ,
dengan pot ensi m eraup dana senilai t ot al Rp 680,04 m iliar. Lim a calon em it en baru t ersebut adalah PT Garudafood
Put ra Put ri Jaya, PT Jaya Bersam a I ndo, PT Propert indo Mulia I nvest am a, PT Superkrane Mit ra Ut am a, dan PT HK
Met als Ut am a. Source: I nvest or Daily
Sariguna Prim at irt a ( CLEO) , t ot al liabilit as berpot ensi m elandai set elah perseroan m em bayar ut ang bank senilai
Rp225 m iliar yang sum ber dananya direncanakan berasal dari aksi privat e placem ent . Ent it as Grup Tanobel it u berencana m enerbit kan 1 m iliar saham at au set ara 9,09% dari m odal dit em pat kan dan diset or penuh. 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

3

W or ld Equ it y I n dices
W O R L D E Q U IT Y IN D IC E S
NO

T IC K E R

A m e ric a

1

IN D U Index

2
3

52-WEEK
H IG H

C H A N GE YTD

LO W

P O IN T

1,931.99

%

P E R ( x)
2 0 17

26,769.16

22,416.00

7.82

20.64

SP X Index

2,940.91

2,520.40

250.98

9.39

22.49

C C M P Index

8,133.30

6,484.14

1,133.91

16.43

40.74

4

SP T SX Index

16,586.46

14,785.78

(104.70)

(0.65)

19.81

5

M EXB O L Index

51,121.23

44,429.36

487.05

0.99

P B V ( x)

2 0 18 E

17.07

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

3.88

4.02

7,428.93

7,428.93

18.13

3.30

3.33

25,621.92

25,621.92

24.03

3.80

3.79

12,571.50

12,571.50

15.60

1.91

1.90

2,476.22

1,933.79

19.72

16.95

2.65

2.71

5,962.35

319.10

E uro pe
6

SX5E Index

3,708.82

3,261.86

(89.80)

(2.56)

18.41

14.10

1.67

1.78

2,934.51

3,394.93

7

UKX Index

7,903.50

6,866.94

(192.10)

(2.50)

23.26

13.43

1.97

2.00

2,090.38

2,724.81

8

C A C Index

5,657.44

5,038.12

194.26

3.66

18.43

14.72

1.67

1.72

1,627.13

1,882.43

9

D A X Index

13,596.89

11,726.62

(578.61)

(4.48)

19.19

13.31

1.86

1.93

1,142.74

1,322.03

10

IB EX Index

10,643.40

9,111.10

(636.90)

(6.34)

15.07

12.31

1.47

1.48

587.56

679.75

(1,243.35)

(5.69)

11

F T SEM IB Index

24,544.26

20,236.27

12

A EX Index

576.90

515.96

13

SM I Index

9,616.38

8,372.90

559.35

11.29

1.18

1.18

491.66

568.80

1.46

18.84

14.88

1.91

1.89

677.74

784.08

(254.82)

(2.72)

24.52

15.96

2.59

2.61

1,105.63

1,123.61

7.97

A s ia / P a c if ic
14

A S51 Index

6,373.50

5,650.90

107.13

1.77

17.95

15.64

2.08

2.03

1,847.26

1,333.36

15

A S30 Index

6,481.30

5,717.70

125.39

2.03

18.90

15.74

2.00

1.95

2,005.45

1,447.53

16

SH SZ 300 Index

4,403.34

3,191.40

(592.00)

(14.69)

16.47

11.76

2.05

2.09

27,356.76

3,982.70

17

SH A SH R Index

3,757.20

2,769.10

(508.73)

(14.69)

16.86

11.47

1.80

1.84

30,043.69

4,373.87

18

SZ A SH R Index

2,140.56

1,438.39

(479.30)

(24.13)

29.07

16.58

3.12

3.09

18,437.89

2,684.26

19

H SI Index

33,484.08

26,219.56

(2,130.63)

(7.12)

13.71

11.39

1.39

1.41

18,039.09

2,304.96

20

H SC EI Index

13,962.53

10,196.71

(691.43)

(5.90)

9.18

8.29

1.05

1.11

11,556.55

1,476.65

21

SEN SEX Index

38,989.65

31,243.71

2,469.31

7.25

24.56

19.58

3.12

3.00

66,351.70

906.38

22

N IF T Y Index

11,760.20

9,775.35

477.60

4.54

23.85

18.92

3.12

2.99

81,516.52

1,113.54

6,693.47

5,557.56

(411.05)

(6.47)

24.62

15.59

2.58

2.60

6,726,320.64

449.92

1,132.92

871.91

(137.38)

(12.73)

21.16

16.23

3.39

3.43

4,291,690.50

287.07

47,144.12

37,736.73

457.96

1.13

8.99

8.53

1.46

1.43

7,283.73

58.50

23

J C I Index

24

LQ 45 Index

25

KSE100 Index

26

N KY Index

24,446.53

20,347.49

1,480.82

6.50

19.40

17.07

1.90

2.02

408,790.94

3,586.51

27

N EY Index

376.09

323.31

5.06

1.42

16.06

12.83

1.38

1.36

459,932.32

4,035.20

28

T P X Index

1,911.31

1,645.16

0.40

0.02

16.34

14.06

1.41

1.49

683,104.45

5,993.20

(4.35)

(0.24)

16.68

17.25

1.67

1.63

1,117.23

269.86

8.08

19.27

21.67

2.03

2.03

133.78

88.47

22.98

16.75

2.51

2.34

9,075.89

167.59

29

F B M KLC I Index

1,896.03

1,657.78

30

N Z SE Index

1,652.90

1,424.81

31

P C O M P Index

9,078.37

6,923.67

(1,336.34)

(15.61)

32

F SST I Index

3,641.65

3,102.73

(147.46)

(4.33)

11.07

13.21

1.22

1.24

563.00

410.41

33

KO SP I Index

2,607.10

2,218.09

(128.61)

(5.21)

12.69

9.41

1.05

1.06

1,512,688.38

1,359.63

34

T WSE Index

11,270.18

10,189.04

408.94

3.84

15.55

14.24

1.75

1.76

32,756.87

1,072.34

35

SET Index

1,852.51

1,584.68

6.76

0.39

18.90

16.32

2.08

2.13

17,753.87

549.91

36

SET 50 Index

1,223.67

1,043.32

26.10

2.30

17.52

16.04

2.26

2.31

12,205.27

378.05

37

VN IN D EX Index

1,211.34

795.05

28.64

2.91

19.00

17.31

2.81

2.94

3,240,567.55

138.96

122.02

Source: Bloomberg, Sinarmas Investment Research

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

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

4

LQ4 5
L Q 4 5 In d e x
5 2 -W E E K
L Q 4 5 In d e x

C H A N G E Y TD

P E R (x )

P B V (x )

1 -O c t -1 8
H IG H

LOW

P O IN T

%

2017

2018E

2017

2018E

M A R K ET C A P
(B n )

1

A D H I IJ

1 ,4 1 0

2 ,5 1 0

1 ,3 2 0

(4 7 5 )

(2 5 . 2 0 )

1 3 .0 2

6 .2 4

1 .1 5

0 .7 7

5 ,0 2 0 .8 0

2

A D R O IJ

1 ,8 4 0

2 ,6 5 0

1 ,5 7 5

(2 0 )

(1 . 0 8 )

9 .0 6

8 .2 1

1 .2 6

1 .0 6

5 8 ,8 5 4 .1 7

3 ,9 6 0

8 ,0 2 5

3 ,2 2 0

(2 , 3 9 0 )

(3 7 . 6 4 )

2 8 .1 1

825

1 ,0 1 5

600

7 ,3 2 5

8 ,7 5 0

6 ,1 0 0

3

A K R A IJ

4

A N TM IJ

5

A S II IJ

6

B B C A IJ

2 3 ,9 5 0

2 5 ,4 7 5

2 0 ,0 5 0

2 ,0 5 0

7

B B N I IJ

7 ,5 0 0

1 0 ,1 7 5

6 ,7 5 0

(2 , 4 0 0 )

8

B B R I IJ

3 ,1 8 0

3 ,9 2 0

2 ,7 2 0

(4 6 0 )

1 4 .7 5

3 .3 7

1 .8 8

1 5 ,8 9 8 .1 9

2 6 .7 2

0 .8 1

1 .0 6

1 9 ,8 2 5 .3 8

1 7 .8 3

1 4 .1 2

2 .7 2

2 .2 0

2 9 6 ,5 4 2 .0 3

9 .3 6

2 3 .1 7

2 2 .8 8

4 .1 1

3 .9 3

5 9 0 ,4 8 7 .4 7

(2 4 . 2 4 )

1 3 .5 6

9 .1 0

1 .8 7

1 .3 0

1 3 9 ,8 6 4 .9 2

(1 2 . 6 4 )

1 5 .3 4

1 2 .0 8

2 .6 7

2 .1 0

3 9 2 ,2 3 9 .6 8

200

3 2 .0 0

(9 7 5 )

(1 1 . 7 5 )

-

9

B B TN IJ

2 ,6 3 0

3 ,8 9 0

2 ,1 1 0

(9 4 0 )

(2 6 . 3 3 )

1 2 .4 9

8 .2 1

1 .7 5

1 .1 2

2 7 ,8 5 1 .7 0

10

B J B R IJ

1 ,9 9 0

2 ,7 5 0

1 ,7 9 5

(4 1 0 )

(1 7 . 0 8 )

1 9 .2 0

1 2 .7 4

2 .3 1

1 .8 5

1 9 ,2 9 5 .6 2

11

B M R I IJ

6 ,7 0 0

9 ,0 5 0

6 ,2 0 0

(1 , 3 0 0 )

(1 6 . 2 5 )

2 0 .9 3

1 2 .3 0

2 .2 4

1 .7 2

3 1 2 ,6 6 6 .6 7

12

B M TR IJ

402

755

378

(1 8 8 )

(3 1 . 8 6 )

0 .8 8

-

13

B R P T IJ

1 ,8 2 5

2 ,7 2 0

1 ,5 1 0

(4 3 5 )

(1 9 . 2 5 )

3 0 .0 0

1 7 .4 4

2 .1 6

1 .2 1

14

B S D E IJ

1 ,1 6 5

1 ,9 6 5

1 ,0 8 0

(5 3 5 )

(3 1 . 4 7 )

6 .6 1

8 .4 7

1 .2 9

0 .8 0

2 2 ,4 2 2 .4 0

15

B U M I IJ

216

356

171

(5 4 )

(2 0 . 0 0 )

2 .5 7

2 .4 1

-

-

1 4 ,1 4 2 .6 8

16

EX C L IJ

1 ,7 1 0

(1 6 0 )

(5 . 4 1 )

8 5 .1 6

7 2 .6 9

1 .4 6

1 .3 6

2 9 ,9 2 6 .2 9

17

G G R M IJ

7 3 ,5 0 0

8 6 ,4 0 0

6 1 ,9 2 5

(1 0 , 3 0 0 )

(1 2 . 2 9 )

2 0 .8 0

1 6 .7 6

3 .8 2

3 .0 7

1 4 1 ,4 2 0 .4 7

18

H M S P IJ

3 ,7 7 0

5 ,5 5 0

3 ,2 3 0

(9 6 0 )

(2 0 . 3 0 )

4 3 .5 4

3 3 .3 1

1 6 .1 3

1 2 .4 6

4 3 8 ,5 1 9 .1 5

19

IC B P IJ

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

20

IN C O IJ

3 ,6 0 0

4 ,7 2 0

2 ,5 7 0

3 0 .1 0

1 .1 6

1 .2 5

3 5 ,7 7 0 .8 2

21

IN D F IJ

6 ,0 2 5

8 ,6 7 5

5 ,8 5 0

(1 , 6 0 0 )

(2 0 . 9 8 )

1 6 .1 8

1 2 .0 4

2 .1 5

1 .5 5

5 2 ,9 0 2 .0 7

22

IN D Y IJ

2 ,8 9 0

4 ,6 3 0

1 ,8 3 0

(1 7 0 )

(5 . 5 6 )

3 .5 0

5 .0 9

1 .2 7

1 .0 2

1 5 ,0 5 7 .4 5

2 ,8 0 0

710

2 4 .5 7

-

-

-

5 ,7 0 7 .8 5
3 2 ,4 6 9 .6 5

23

IN TP IJ

1 7 ,6 2 5

2 3 ,9 5 0

1 2 ,5 0 0

(4 , 3 2 5 )

(1 9 . 7 0 )

4 3 .4 5

4 7 .6 2

3 .2 9

2 .8 2

6 4 ,8 8 1 .7 1

24

J S M R IJ

4 ,4 9 0

6 ,7 7 5

3 ,9 2 0

(1 , 9 1 0 )

(2 9 . 8 4 )

2 1 .1 1

1 6 .8 7

3 .0 8

1 .9 5

3 2 ,5 8 7 .8 4

25

K L B F IJ

1 ,3 8 5

1 ,7 8 5

1 ,1 5 5

(3 0 5 )

(1 8 . 0 5 )

3 2 .9 6

2 6 .2 3

5 .9 6

4 .4 5

6 4 ,9 2 2 .0 4

26

L P K R IJ

338

745

314

(1 5 0 )

(3 0 . 7 4 )

1 8 .0 9

9 .8 4

0 .4 9

0 .3 6

7 ,8 0 3 .4 7

27

L P P F IJ

6 ,8 5 0

1 1 ,9 7 5

5 ,5 2 5

(3 , 1 5 0 )

(3 1 . 5 0 )

1 5 .2 9

1 0 .0 6

1 2 .5 3

5 .4 3

1 9 ,9 8 7 .7 4

28

M N C N IJ

810

1 ,6 9 0

795

(4 7 5 )

(3 6 . 9 6 )

1 1 .7 8

7 .5 3

1 .8 6

1 .1 2

1 1 ,5 6 3 .6 4

29

M YR X IJ

127

198

101

17

1 5 .4 5

-

-

-

1 1 ,0 1 1 .3 1

30

P G A S IJ

2 ,2 4 0

2 ,8 6 0

1 ,3 6 5

490

2 8 .0 0

0 .9 9

1 .1 4

5 4 ,3 0 0 .9 8

31

P TB A IJ

4 ,4 0 0

4 ,9 4 0

2 ,0 0 0

1 ,9 4 0

7 8 .8 6

5 .7 9

9 .5 4

1 .9 1

2 .9 2

5 0 ,6 9 0 .9 0

32

P TP P IJ

1 ,5 8 5

3 ,2 8 0

1 ,4 6 5

(1 , 0 5 5 )

(3 9 . 9 6 )

1 1 .2 6

5 .6 9

1 .4 3

0 .7 6

9 ,8 2 6 .8 4

33

P W O N IJ

505

725

490

(1 8 0 )

(2 6 . 2 8 )

1 7 .6 2

1 1 .0 6

3 .2 0

2 .0 0

2 4 ,3 2 0 .6 0

34

S C M A IJ

1 ,8 2 0

2 ,9 8 0

1 ,7 6 5

(6 6 0 )

(2 6 . 6 1 )

2 7 .2 4

1 6 .1 7

9 .3 0

5 .2 1

2 6 ,6 1 1 .3 1

35

S M G R IJ

9 ,6 0 0

1 1 ,7 7 5

6 ,5 0 0

(3 0 0 )

(3 . 0 3 )

2 9 .1 4

2 8 .5 3

2 .0 3

1 .8 9

5 6 ,9 4 2 .5 9

36

S R IL IJ

346

414

302

(3 4 )

(8 . 9 5 )

7 .2 6

1 .1 8

-

2 0 .7 7

1 4 .9 8

-

7 ,0 7 6 .4 5

37

S S M S IJ

1 ,2 8 0

1 ,5 5 0

1 ,0 0 5

(2 2 0 )

(1 4 . 6 7 )

1 7 .9 2

1 4 .3 0

3 .5 4

2 .6 8

1 2 ,1 9 2 .0 0

38

TL K M IJ

3 ,6 7 0

4 ,6 6 7

3 ,2 5 0

(7 2 9 )

(1 6 . 5 7 )

1 9 .6 8

1 7 .1 1

4 .7 0

3 .6 1

3 6 3 ,5 5 8 .3 3

39

TP IA IJ

4 ,7 6 0

6 ,6 7 5

4 ,6 4 0

(1 , 2 4 0 )

(2 0 . 6 7 )

2 3 .8 1

2 8 .9 5

4 .7 4

3 .2 1

8 4 ,8 8 7 .5 6

40

TR A M IJ

230

432

122

-

-

41

U N TR IJ

3 2 ,7 7 5

4 0 ,5 0 0

3 0 ,7 7 5

(2 , 6 2 5 )

(7 . 4 2 )

1 7 .8 4

1 1 .9 2

2 .9 1

2 .3 5

1 2 2 ,2 5 5 .1 8

42

U N V R IJ

4 6 ,3 0 0

5 8 ,1 0 0

4 0 ,4 0 0

(9 , 6 0 0 )

(1 7 . 1 7 )

6 0 .8 9

4 6 .1 5

8 2 .4 4

5 8 .3 1

3 5 3 ,2 6 9 .0 0

43

W IK A IJ

1 ,4 5 0

2 ,1 9 0

1 ,2 1 0

(1 0 0 )

(6 . 4 5 )

1 1 .5 5

8 .7 6

1 .1 0

0 .9 2

1 3 ,0 0 6 .4 3

44

W S B P IJ

372

510

336

(3 6 )

(8 . 8 2 )

1 0 .5 6

7 .8 6

1 .4 7

1 .0 8

9 ,8 0 6 .3 5

45

W S K T IJ

1 ,8 0 0

3 ,1 5 0

1 ,6 8 0

(4 1 0 )

(1 8 . 5 5 )

7 .3 8

5 .6 5

2 .1 4

1 .4 0

2 4 ,4 3 3 .0 2

32

1 6 .1 6

-

-

1 1 ,4 1 5 .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 ( %)

0.66

1.21

(5.17)

(14.12)

(2.37)

(1.51)

(4.09)

16.08

Trade

(1.21)

(0.53)

(4.21)

(11.37)

Finance

(0.16)

1.10

(1.44)

(5.78)

0.10

2.78

1.25

(9.16)

(1.46)

0.69

1.27

(13.72)

P ro perty
B asic Industry

M iscellaneo us Industry
Co nsumer
Infrastructure
A griculture
M ining

0.61

3.40

0.89

(11.64)

(1.49)

0.14

(4.58)

(2.88)

1.35

3.35

(0.08)

24.71

S e p- 18

A ug- 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
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

117.90

118.31

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 ( %)

14,945.00

-

(0.87)

(9.30)

USD/CNY

6.87

0.31

(0.96)

(5.27)

USD/EUR

0.86

0.00

0.34

3.69

USD/JP Y

113.91

0.02

(2.49)

(1.07)

USD/SGD

1.37

(0.06)

(0.06)

(2.66)

USD/A UD

1.38

(0.14)

(0.27)

7.92

USD/GB P

0.77

0.01

(1.31)

3.59

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

( in %)

JIB OR (in IDR)

7.56

LIB OR (in GB P )

1.06

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.86

Indo nesia 10-Year Go vernment B o nds Yield

8.03

Indo nesia 15-Year Go vernment B o nds Yield

8.27

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 )

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

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

List in g

495.9

23/ 08/ 2018 - 27/ 08/ 2018

30- Aug- 18

773.3

10/ 07/ 2018 - 14/ 08/ 2018

23- Aug- 18

1981.0

25/ 07/ 2018 - 31/ 07/ 2018

07- Aug- 18

Mahk ota Gr oup Tbk

703.7

03/ 07/ 2018 - 09/ 07/ 2018

12- Jul- 18

NFC I ndonesia Tbk

166.7

03/ 07/ 2018 - 05/ 07/ 2018

12- Jul- 18

MD Pictur es Tbk

Un d e r w r it e r

D ivide nd
St o ck

D PS ( Rp )

Cu m D a t e

Ex D a t e

Re co r d in g

Pa y m e n t

AALI

112

St a t u s

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

Right s I ssu e
T ick e r
RBMS

Ra t io
99

:

Pr ice ( Rp )

Cu m Da t e

EX Da t e

T r a d in g

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
INDF - Daily 10/1/2018 Open 5900, Hi 6025, Lo 5900, Clos e 6025 (2.1%) MA(Clos e,50) = 6,246.50
8,400
8,200
8,000
7,800
7,600
7,400
7,200
7,000
6,800
6675
6575
6500
6400
6325
6250
6075
6025
5950
5900
5850
Nov
Dec
2018
INDF - MACD(12,26) = -91.52, Signal(12,26,9) = -96.64

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

6,600
6,400
6,246.5
6,200
6,025
6,000
5,800

Oct5725
100
0
-91.5182
-100
-96.6404

Nov
Dec
2018
Feb
INDF - Stoch %K(15,3) = 31.11, Stoch %D(15,3,3) = 28.33

Mar

Apr

May

Jun

Jul

Aug

Sep

-200

Oct

80

31.1111
20
28.3307
70

INDF - RSI(15) = 46.08

I N D F : TRAD I N G BUY
I N D F berhasil break Resist ance 6.025, I N D F berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance Trendline 6.075,
6.200 dan 6.325, Nam un, j ika I N D F gagal break Resist ance Trendline 6075, m aka I N D F akan m encoba Support 5.950, 5.850 dan
5.725. I N D F dilihat I ndikat or MACD dan St oc osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 6.025 — 6.075
: 6.200 ( 2.9% ) , 6.325 ( 5.0% )
: 5.950 ( - 1.2% )

BBRI - Daily 10/1/2018 Open 3150, Hi 3190, Lo 3150, Clos e 3180 (1.0%) MA(Clos e,50) = 3,124.80
3,900
3,800
3,700

3,600
3,500
3,400

3300

3,300

3250
3200

3,200
3,180

3160
3110

3,124.8
3,100

3070
3030
3000

3,000
2,900
2,800

2,700
Oct
Nov
Dec
BBRI - MACD(12,26) = -6.10, Signal(12,26,9) = -25.77

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct
100
-6.10429 0
-25.773
-100

Oct
Nov
Dec
2018
BBRI - Stoch %K(15,3) = 79.76, Stoch %D(15,3,3) = 60.52

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct
95.9855

79.7619
80
60.5209

20
BBRI - RSI(15) = 55.44

BBRI : TRAD I N G BUY
BBRI berhasil break Resist ance Trendline 3.190, BBRI berpeluang m elanj ut kan penguatan dengan m enguj i Resist ance 3.220,
3.250 dan 3.300. Nam un, j ika BBRI gagal break Resist ance 3.220, m aka BBRI akan m encoba Support 3.160, 3.110 dan 3.070.
BBRI dilihat I ndikat or MACD dan St oc osc m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss

: 3.180 — 3.190
: 3.250 ( 2.2% ) , 3.300 ( 3.8% )
: 3.110 ( - 2.2% )

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

Pick s of Th e D a y
PTBA - Daily 10/1/2018 Open 4330, Hi 4450, Lo 4330, Clos e 4400 (1.9%) MA(Clos e,50) = 4,236.80
5,000
4,800
4630
4540
4460
4360
4310
4260
4200

4,600
4,400
4,400
4,236.8
4,200
4,000
3,800
3,600
3,400
3,200
3,000
2,800
2,600
2,400
2,200
2,000

Oct
Nov
Dec
2018
PTBA - MACD(12,26) = 32.54, Signal(12,26,9) = -17.24

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

1,800
200
100
32.5441
-17.2443 0
-100

Oct
Nov
Dec
2018
PTBA - Stoch %K(15,3) = 93.46, Stoch %D(15,3,3) = 89.82

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct
93.4642
80
89.8176

20
PTBA - RSI(15) = 62.98

PTBA : BUY ON W EAKN ESS
PTBA belum berhasil break Resist ance 4.460 . PTBA berpeluang m enguj i Support 4.360, 4.310 dan 4.260. Nam un, j ika PTBA
berhasil break Resist ance 4.460, m aka PTBA akan m encoba Resist ance 4.540 dan 4.630. PTBA dilihat I ndikat or MACD dan Stoc
osc m engindikasikan pola Reversal.
Ent ry point
Exit point
St op Loss

: 4.360 — 4.400
: 4.460 ( 2.3% ) , 4.540 ( 4.1% )
: 4.310 ( - 1.1% )

PTPP - Daily 10/1/2018 Open 1540, Hi 1585, Lo 1530, Clos e 1585 (3.9%) MA(Clos e,50) = 1,825.10
3,200

3,000

2,800

2,600

2,400

2,200

2,000
1930

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

1815

1,825.1
1,800

1715
1675
1630
1595

1,600
1,585

1515
1480
1420

1,400

Oct

PTPP - MACD(12,26) = -84.83, Signal(12,26,9) = -100.97

100
0
-84.8316
-100
-100.965

Sep
Oct
Nov
Dec
PTPP - Stoch %K(15,3) = 42.42, Stoch %D(15,3,3) = 30.68

2018

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct
80
42.4202
30.678
20

PTPP - RSI(15) = 41.57

PTPP : BUY ON W EAKN ESS
PTPP belum berhasil break Resist ance 1.595. PTPP berpeluang m enguj i Support 1.560, 1.530 dan 1.515. Nam un, j ika PTPP
berhasil break Resist ance 1.595, m aka PTPP akan m encoba Resist ance 1.630, 1.675 dan 1.715. PTPP dilihat I ndikator St oc osc
dan MACD m engindikasikan pola Uptrend.
Ent ry point
Exit point
St op Loss

: 1.560 — 1.585
: 1.595 ( 2.2% ) , 1.630 ( 4.5% )
: 1.530 ( - 1.9% )

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Equity Research Team

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HEAD OF RESEARCH

Construction, Petrochemical, Healthcare

Evan Lie Hadiwidjaja

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Banking, Automotive

anthony.angkawijaya@sinarmassekuritas.co.id

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evan.hadiwidjaja@sinarmassekuritas.co.id

RESEARCH ASSOCIATE
Kenji Fanata

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Telecommunication, Tobacco, Poultry, Media

Wilbert

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Consumer Goods, Plantation, Pulp and Paper

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wilbert@sinarmassekuritas.co.id

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EQUITY ANALYST

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Commodities
Tel: +62 21 3925550 Ext: 610
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Property, Industrial Estate
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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 judgment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or
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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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