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

  Tuesday, October 30, 2018

  ID X S t a t is t ic s C lo s ing Volume JCI Index

  7,000 20,000

  JCI 5,754.61

  Transactio n Value Regular M arket (IDR tn) 4.045

  6,000 15,000

  Transactio n Vo lume Regular M arket (mn shares) 4,999

  5,000 10,000

  Fo reign Net B uy (Sell) (IDR bn) 132

  4,000 5,000

  Fo reign Net B uy (Sell) (4.05) To tal M arket Capitalizatio n (IDR tn) 6,526.68

  3,000 Y T D O t he r Indic e s C lo s ing 1- D a y C hg ( %) C hg ( %) IHSG turun sebanyak 30.3 poin (0.52%) ke level 5754.61.

  LQ45 904.13 (0.63) (16.24)

  Sementara LQ45 turun sebanyak 5.7 poin (0.63%) ke level 904.13. Foreign net buy sebesar Rp 131.78 miliar. EIDO

  21.24 (2.12) (25.29)

  IDX 19.01 (1.91) (23.47) DOW JONES 24,442.92 (0.99) (1.12) S&P 500 2,641.25 (0.66) (1.21) NA SDA Q 7,050.29 (1.63)

  2.13 Today’s Market: FTSE 7,026.32 1.25 (8.60)

  

 IHSG diperkirakan bergerak mixed. Bursa AS ditutup NIKKEI 21,149.80 (0.16) (7.09)

melemah pada perdagangan Senin (29/10). Harga crude

  HA NG SENG 24,812.04 0.38 (17.07)

  oil turun ke level USD 66.85 per barrel. Harga batubara

  STRA ITS TIM ES 2,981.54 0.32 (12.38)

  turun ke level USD 108.00 per Mt. Rupiah bergerak stabil

  KLSE 1,683.73 0.04 (6.29)

  terhadap Dollar AS ke level Rp 15.213. 10Yr Government Bonds Yield stabil di level 8.64%.

  Y T D C urre nc y S po t R a t e R a t e ( ID R ) 1- D a y C hg ( %)  Dari dalam negeri, Badan Koordinasi Penanaman Modal

  C hg ( %) (BKPM) mencatat, realisasi investasi semester I-2018

  USD/IDR 15,213.00

  0.00

  10.96

  sebesar Rp 361,6 triliun, tumbuh 7,4% dibanding realisasi

  EUR/IDR 17,317.54 (0.09)

  6.31 periode sama tahun lalu. JP Y/IDR 135.33 (0.39)

  11.01

   Sehubungan dengan emiten, Astra International (ASII)

  SGD/IDR 11,005.79 (0.07)

  7.81

  mencatatkan laba bersih senilai Rp 17,1 triliun hingga

  A UD/IDR 10,763.64 (0.18)

  1.67

  kuartal III-2018, tumbuh 21% dibandingkan periode sama tahun lalu. Pendapatan bersih naik 16% menjadi Rp 174,9

  GB P /IDR 19,490.43 (0.16)

  6.05

  triliun . Hasil tersebut menunjukkan pertumbuhan positif dari semua lini bisnis dan sejalan dengan ekspektasi.

  La s t Y T D C o m m o dit ie s P ric e T ra ns a c t io n C hg ( %)  Sehubungan dengan emiten, M Cash Integrasi (MCAS) mencatatkan pendapatan hingga kuartal-III 2018 sebesar Crude Oil (USD/barrel)

  66.85 7:52:52 A M

  10.64 Rp 3,3 triliun, meningkat 301% secara tahunan. Laba ber- Co al (USD/mn to ns) 108.00 10/29/2018

  7.14 sih naik Rp 60.7 miliar, tumbuh 741% secara tahunan. Natural Gas (USD/mmB tu) 3.18 7:50:05 A M

  7.62 Go ld (USD/o unce) 1,228.63 8:02:55 A M (5.69)

   Secara teknikal indeks hari Selasa (30/10), IHSG dipred- iksi bergerak di kisaran 5719-5819.

  Nickel (USD/mn to ns) 11,755.00 8:02:50 A M (7.88) Tins (USD/mn to ns) 19,125.00 10/29/2018 (4.49) CP O (M YR/mn to ns) 2,075.00 10/29/2018 (15.10) Rubber (JP Y/kg) 144.80 7:56:54 A M (29.50) Wheat (USD/bushel) 504.00 7:50:00 A M

  18.03 Co rn (USD/bushel) 366.00 7:47:34 A M

  4.35 See pg. 7-9 for Technical Corner

  Source: Bloomberg, Sinarmas Investment Research See important disclaimer at the end of this report www.sinarmassekuritas.co.id

  Daily Corporate and Industry News

Pemerintah tengah menyiapkan skema pembiayaan baru untuk pembangunan infrastruktur dalam bentuk Limited

Concession Scheme (LCS). Dalam skema tersebut, pihak swasta sejak awal dapat membiayai pembangunan infra-

struktur. Dalam Rencana Pembangunan Jangka Menengah Nasional (RPJMN) 2015-2019, total kebutuhan pem-

biayaan untuk infrastruktur mencapai Rp 4.769 triliun. Dari jumlah tersebut, sebanyak 41,3% atau Rp 1.978,6 triliun

akan didanai APBN maupun APBD. Kemudian, sebanyak 22,2% atau Rp 1.066,2 triliun didanai BUMN, dan sisanya

36,5% atau Rp 1.751,5 dari sektor swasta. Source: Investor Daily

Badan perencanaan ekonomi utama China mengajukan proposal untuk memangkas pemberlakuan pajak untuk pem-

belian mobil hingga 50%. Source: Bisnis Indonesia

Kementerian Keuangan (Kemenkeu) menetapkan hasil penjualan obligasi negara ritel (ORI) seri ORI015 yang dil-

akukan melalui 17 mitra distribusi mencapai Rp 23,37 triliun. Penjualan obligasi ritel ini mengalami kelebihan per-

mintaan (oversubscribed) sebanyak 1,35 kali dari target awal yang ditetapkan Rp 9,95 triliun. Source: Investor Daily

Badan Koordinasi Penanaman Modal (BKPM) dan Lembaga Pembiayaan Ekspor Indonesia (LPEI) menandatangani

nota kesepahaman kerja sama yang bertujuan untuk meningkatkan ekspor dan mendorong investasi guna mem-

perkuat ekonomi Indonesia. BKPM mencatat, realisasi investasi semester I-2018 sebesar Rp 361,6 triliun, tumbuh

7,4% dibanding realisasi periode sama tahun lalu sebesar Rp 336,7 triliun. Source: Investor Daily

Ekspor minyak sawit mentah (crude palm oil/CPO) tahun ini diprediksi mencapai 31,05 juta ton, stagnan dari 2017.

  

Jumlah itu juga di bawah target Gabungan Pengusaha Kelapa Sawit Indonesia (Gapki) sebanyak 34 juta ton. Source:

Investor Daily

Holding Industri Pertambangan (HIP) PT INALUM (Persero) mendorong hilirisasi sektor pertambangan melalui kerja

sama dengan berbagai pihak untuk merealisasikan sejumlah proyek besar bernilai lebih dari Rp 150 triliun. Source:

Investor Daily

Kementerian Pertanian (Kementan) memangkas waktu yang dibutuhkan untuk memproses layanan perizinan ekspor

produk pertanian dari 13 hari menjadi tiga jam. Langkah itu dilakukan sebagai strategi memacu ekspor produk per-

tanian nasional. Source: Investor Daily

Penerbitan surat utang korporasi tahun depan diyakini tetap menembus Rp 100 triliun. Sebelumnya, pada 2015, su-

rat utang korporasi di luar MTN (medium term notes) dan sekuritisasi mencapai Rp 115,9 triliun, sedangkan 2016

sebesar Rp 195,3 triliun dan 2017 sebesar Rp 157,9 triliun. Adapun selama Januari-12 Oktober 2018 telah mencapai

Rp 101,1 triliun. Source: Investor Daily

Astra International (ASII) mencatatkan laba bersih senilai Rp 17,1 triliun hingga kuartal III-2018, tumbuh 21%

dibandingkan periode sama tahun lalu yang sebesar Rp 14,1 triliun. Pendapatan bersih naik 16% menjadi Rp 174,9

triliun dari Rp 150,2 triliun. Source: Investor Daily

Yelooo Integra Datanet (YELO) akan gencar mengembangkan bisnis ke pasar global mulai tahun 2019. Pengem-

bangan perdana membidik pasar lima negara di Asia, yakni, Vietnam, Malaysia, Singapura, Myanmar dan Korea Se-

latan. Sekitar 70% dana hasil IPO saham tersebut akan digunakan untuk riset dan pengembangan dan sisanya untuk

ekspansi perusahaan. Source: Investor Daily

Eagle High Plantations mencatatkan pendapatan usaha sampa dengan kuartal III-2018 sebesar Rp 2,36 triliun

(+5,8% YoY) dengan rugi periode berjalan sebesar Rp 265,7 miliar dari yang sebelumnya Rp 132,61 miliar pada ta-

hun lalu. Source: IQPlus

Adhi Karya (ADHI) meraih pendapatan usaha hingga periode 30 September 2018 sebesar Rp9,43 triliun (+8,2%

YoY) dengan laba yang didistribusikan ke pemilik entitas induk sebesar Rp 335,53 miliar (+63,7% YoY). Source:

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

  Daily Corporate and Industry News

Telekomunikasi Indonesia mencatatkan pendapatan hingga kuartal III-2018 sebesar Rp 99,203 triliun (+2.26% YoY)

dengan laba bersih sebesar Rp 14,23 triliun (-20% YoY). Source: Kontan

Bank Maybank Indonesia (BNII) hingga kuartal III-2018 membukukan laba bersih setelah pajak dan kepentingan

non-pengendali (profit after tax and minority interest/patami) sebesar Rp 1,5 triliun, tumbuh 3,4% secara tahunan

(year on year/ yoy). Pencapaian tersebut didukung oleh pendapatan bunga bersih yang lebih tinggi dan perbaikan

tingkat provisi. Source: Investor Daily

Wijaya Karya (WIKA) dan Waskita Karya (WSKT) menjadi pemenang lelang konstruksi proyek bendungan di Jawa

Tengah dengan total nilai harga penawaran yang diajukan mencapai Rp1,82 triliun. Source: Bisnis Indonesia

Bayan Resources (BYAN) membukukan laba bersih senilai US$388,05 juta per September 2018, melonjak 80,12%

year-on-year (yoy) dari sebelumnya US$215,43 juta. Pendapatan perseroan mencapai US$1,24 miliar. Nilai itu naik

73,12% yoy dari sebelumnya sebesar US$717,62 juta. Source: Bisnis Indonesia

Bank Rakyat Indonesia Agroniaga (AGRO) mencatatkan pertumbuhan laba bersih sebesar 63,5% pada kuartal

  

III/2018 dibandingkan dengan periode yang sama tahun sebelumnya menjadi Rp166,5 miliar. Source: Bisnis Indone-

sia

PT Kota Satu Properti berencana melakukan aksi IPO dengan menetapkan harga penawaran sebesar Rp 117 per sa-

ham. Perusahaan akan melepas 500 juta saham atau setara 40% dari modal disetor dengan masa penawaran ber-

langsung pada 29-30 Oktober 2018. 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

  19.40

  2.43

  9.00

  8.59

  1.46 1.49 7,268.04

  54.35

  26 NKY Index 24,448.07 20,347.49 (1,615.14) (7.09)

  14.92

  3.39 3.31 4,118,899.16 270.84

  1.90 1.67 362,411.23 3,222.58

  27 NEY Index 376.09 317.49 (37.81) (10.58)

  16.05

  11.50

  1.38 1.24 406,658.74 3,616.03

  28 TP X Index 1,911.31 1,581.56 (228.00) (12.54)

  16.34

  25 KSE100 Index 47,144.12 36,274.25 982.28

  15.62

  1.41 1.25 597,820.56 5,315.85

  22 NIFTY Index 11,760.20 9,951.90 (279.85) (2.66)

  1.05 0.99 10,276.30 1,310.23

  21 SENSEX Index 38,989.65 32,483.84

  10.57

  0.03

  24.56

  18.39

  3.12 2.91 61,190.60 832.13

  23.83

  21.16

  17.74

  3.12 2.91 75,144.81 1,021.89

  23 JCI Index 6,693.47 5,557.56 (601.05) (9.46)

  24.66

  14.95

  2.58 2.50 6,526,684.90 429.16

  24 LQ45 Index 1,132.92 871.05 (175.26) (16.24)

  12.39

  29 FB M KLCI Index 1,896.03 1,657.78 (113.08) (6.29)

  9.18

  2.08 1.95 16,518.21 497.13

  15.55

  12.44

  1.75 1.58 27,023.94 872.95

  35 SET Index 1,852.51 1,584.68 (116.83) (6.66)

  18.90

  15.11

  36 SET50 Index 1,223.67 1,043.32 (57.73) (5.09)

  1.05 0.93 1,291,784.40 1,132.71

  17.52

  14.87

  2.26 2.13 11,324.00 340.81

  37 VNINDEX Index 1,211.34 831.58 (95.42) (9.69)

  18.98

  15.15

  2.81 2.35 2,855,886.62 122.30

  34 TWSE Index 11,270.18 9,400.69 (1,126.54) (10.58)

  8.20

  16.68

  31 P COM P Index 9,078.37 6,790.58 (1,449.39) (16.94)

  16.32

  1.67 1.56 1,054.16 252.14

  30 NZSE Index 1,652.90 1,433.28 (0.68) (0.04)

  19.27

  20.07

  2.03 1.88 124.47

  81.23

  22.98

  12.81

  16.61

  2.51 2.50 8,942.34 166.92

  32 FSSTI Index 3,641.65 2,955.68 (421.38) (12.38)

  11.08

  12.10

  1.22 1.13 519.15 375.60

  33 KOSP I Index 2,607.10 1,985.95 (471.44) (19.11)

  7.69

  20 HSCEI Index 13,962.53 9,924.22 (1,696.67) (14.49)

  1 INDU Index 26,951.81 23,242.75 (276.30) (1.12)

  12.39

  6 SX5E Index 3,708.82 3,090.85 (349.03) (9.96)

  18.44

  12.97

  1.67 1.55 2,681.39 3,053.57

  7 UKX Index 7,903.50 6,851.59 (661.45) (8.60)

  23.27

  1.97 1.84 1,932.66 2,474.57

  15.04

  8 CA C Index 5,657.44 4,896.80 (323.21) (6.08)

  18.43

  13.30

  1.67 1.53 1,484.51 1,690.56

  9 DA X Index 13,596.89 11,051.04 (1,582.16) (12.25)

  19.25

  12.14

  2.65 2.38 5,320.83 267.91

  19.74

  10 IB EX Index 10,643.40 8,627.60 (1,222.70) (12.17)

  3 CCM P Index 8,133.30 6,630.67 146.90

  20.64

  15.34

  3.88 3.57 6,913.51 6,913.51

  2 SP X Index 2,940.91 2,532.69 (32.36) (1.21)

  22.35

  16.18

  3.30 2.98 23,130.64 23,130.64

  2.13

  5 M EXB OL Index 51,121.23 43,779.50 (5,475.29) (11.09)

  40.63

  20.53

  3.80 3.23 11,028.18 11,028.18

  4 SP TSX Index 16,586.46 14,639.70 (1,487.38) (9.18)

  19.79

  14.31

  1.91 1.76 2,257.14 1,720.25

  1.86 1.70 1,010.26 1,150.49

  14.99

  1.39 1.29 16,047.88 2,046.11

  10.38

  16 SHSZ300 Index 4,403.34 3,009.50 (953.97) (23.67)

  16.47

  10.58

  2.05 1.89 24,714.63 3,549.98

  17 SHA SHR Index 3,757.20 2,564.94 (801.33) (23.14)

  16.87

  1.80 1.68 27,115.09 3,894.78

  14.64

  18 SZA SHR Index 2,140.56 1,267.27 (664.37) (33.45)

  29.07

  14.66

  3.12 2.84 16,341.80 2,347.32

  19 HSI Index 33,484.08 24,589.04 (5,107.11) (17.07)

  13.71

  10.34

  2.00 1.85 1,854.00 1,310.22

  18.90

  11.67

  1.91 1.77 623.91 710.51

  1.47 1.41 548.98 625.18

  11 FTSEM IB Index 24,544.26 18,411.43 (2,813.49) (12.87) 794.78

  10.40

  1.18 1.10 453.75 516.74

  12 A EX Index 576.90 500.45 (35.18) (6.46)

  18.91

  13.52

  13 SM I Index 9,616.38 8,372.90 (622.25) (6.63)

  15 A S30 Index 6,481.30 5,721.60 (353.54) (5.73)

  24.59

  15.48

  2.59 2.50 1,067.63 1,066.14

  14 A S51 Index 6,373.50 5,624.60 (336.97) (5.56)

  17.95

  14.53

  2.08 1.95 1,713.96 1,211.26

  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

  5.79

  30 PGAS IJ 2,170 2,860 1,505 420

  24.00

  20.77

  14.27

  0.99 1.10 52,604.07

  31 PTBA IJ 4,190 4,940 2,135 1,730

  70.33

  9.19

  29 MYRX IJ 119 198 101

  1.91 2.84 48,271.56

  32 PTPP IJ 1,370 3,280 1,370 (1,270) (48.11)

  11.26

  4.92

  1.43 0.66 8,493.86

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

  17.62

  10.54

  9 8.18 - - - - 10,317.68

  1.86 1.17 11,706.40

  34 SCMA IJ 1,640 2,980 1,490 (840) (33.87)

  26 LPKR IJ 288 700 256 (200) (40.98)

  24 JSMR IJ 4,180 6,775 3,920 (2,220) (34.69)

  21.11

  14.29

  3.08 1.81 30,337.90

  25 KLBF IJ 1,340 1,785 1,155 (350) (20.71)

  32.96

  25.51

  5.96 4.32 62,812.66

  18.09

  7.67

  6.65

  0.49 0.31 6,649.11

  27 LPPF IJ 4,940 11,975 4,350 (5,060) (50.60)

  15.29

  7.32

  12.53 3.90 14,414.52

  28 MNCN IJ 820 1,690 700 (465) (36.19)

  11.78

  3.20 1.89 23,020.29

  27.24

  50.94

  6.62

  2.91 2.31 121,229.39

  42 UNVR IJ 43,950 58,100 40,400 (11,950) (21.38)

  60.89

  43.25

  82.44 54.99 335,338.50

  43 WIKA IJ 1,105 2,190 1,105 (445) (28.71)

  11.55

  1.10 0.70 9,911.80

  17.84

  44 WSBP IJ 322 510 322 (86) (21.08)

  10.56

  6.99

  1.47 0.93 8,488.29

  45 WSKT IJ 1,430 3,150 1,430 (780) (35.29)

  7.38

  4.21

  2.14 1.03 19,410.68

  11.67

  41 UNTR IJ 32,500 40,500 30,775 (2,900) (8.19)

  15.86

  14.25

  9.30 4.94 23,979.43

  35 SMGR IJ 8,600 11,775 6,500 (1,300) (13.13)

  29.14

  25.02

  2.03 1.69 51,011.07

  36 SRIL IJ 354 398 302 (26) (6.84) 7.26 - 1.18 - 7,240.07

  37 SSMS IJ 1,275 1,545 1,005 (225) (15.00)

  17.92

  3.54 2.67 12,144.38

  40 TRAM IJ 184 432 139 (14) (7.07) - - - - 9,132.60

  38 TLKM IJ 3,660 4,419 3,250 (739) (16.80)

  19.68

  17.16

  4.70 3.60 362,567.71

  39 TPIA IJ 4,800 6,675 4,300 (1,200) (20.00)

  23.81

  28.69

  4.74 3.19 85,600.90

  3.29 2.69 60,556.26

  43.45

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

  15.34

  22.09

  4.11 3.79 570,147.09

  7 BBNI IJ 7,075 10,175 6,675 (2,825) (28.54)

  13.56

  8.56

  1.87 1.22 131,939.24

  8 BBRI IJ 2,950 3,920 2,720 (690) (18.96)

  11.20

  5.59

  2.67 1.95 363,870.14

  9 BBTN IJ 2,050 3,890 2,050 (1,520) (42.58)

  12.49

  6.55

  1.75 0.87 21,709.50

  10 BJBR IJ 1,825 2,500 1,695 (575) (23.96)

  19.20

  11.77

  23.17

  6 BBCA IJ 23,125 25,475 20,300 1,225

  11 BMRI IJ 6,400 9,050 6,175 (1,600) (20.00)

  28.11

  13.02

  5.05

  1.15 0.60 4,005.96

  2 ADRO IJ 1,665 2,650 1,575 (195) (10.48)

  9.06

  7.30

  1.26 0.95 53,256.63

  3 AKRA IJ 3,520 7,900 3,220 (2,830) (44.57)

  14.01

  2.72 2.23 303,626.65

  3.37 1.66 14,131.73

  4 ANTM IJ 705 1,015 600

  80 12.80 -

  23.53

  0.81 0.91 16,941.69

  5 ASII IJ 7,500 8,750 6,100 (800) (9.64)

  17.83

  14.22

  2.31 1.70 17,695.73

  20.93

  23 INTP IJ 16,450 23,950 12,500 (5,500) (25.06)

  23.67

  34.87

  16.13 13.08 459,456.40

  19 ICBP IJ 8,800 9,275 7,900 (100) (1.12)

  27.31

  24.30

  5.31 4.72 102,624.79

  20 INCO IJ 2,880 4,720 2,570 (10) (0.35) -

  1.16 0.99 28,616.66

  18 HMSP IJ 3,950 5,550 3,230 (780) (16.49)

  21 INDF IJ 5,650 8,325 5,500 (1,975) (25.90)

  16.18

  11.58

  2.15 1.46 49,609.41

  22 INDY IJ 2,210 4,630 2,200 (850) (27.78)

  3.50

  3.82

  1.27 0.76 11,514.52

  43.54

  3.82 3.04 140,843.24

  12.39

  8.24

  2.24 1.65 298,666.67

  12 BMTR IJ 320 755 320 (270) (45.76) - - 0.88 - 4,543.56

  13 BRPT IJ 1,780 2,720 1,510 (480) (21.24)

  30.00

  19.51

  2.16 1.16 31,669.02

  14 BSDE IJ 1,090 1,965 930 (610) (35.88)

  6.61

  1.29 0.75 20,978.90

  16.71

  15 BUMI IJ 167 356 165 (103) (38.15)

  2.57 1.83 - - 10,934.39

  16 EXCL IJ 2,680 1,710 (280) (9.46)

  85.16

  69.58

  1.46 1.30 28,643.73

  17 GGRM IJ 73,200 86,400 66,125 (10,600) (12.65)

  20.80

  MARKET CAP (Bn) LQ45 Index CHANGE YTD PER (x) PBV (x) 29-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 (1.33) (2.44) (5.16) (19.08) B asic Industry (0.86) (2.87) (10.20)

  6.77 Trade (0.73) (0.89) (5.48) (15.21) Finance (0.98) (1.25) (3.62) (9.04) M iscellaneo us Industry

  0.73

  2.02 1.93 (7.50) Co nsumer 0.00 (0.43) (1.84) (14.05) Infrastructure 0.64 (3.30) (0.97) (13.03) A griculture (0.20) (2.52) (3.93) (5.29) M ining (1.80) (3.71) (5.82)

  15.88 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)

  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 15,240.00 (2.16) (11.06) USD/CNY

  6.96 (0.27) (1.34) (6.54) USD/EUR 0.88 (0.06)

  1.75

  5.50 USD/JP Y 112.51 (0.12)

  1.26

  0.16 USD/SGD

  1.38 0.05 (0.82) (3.40) USD/A UD 1.41 (0.23)

  2.12

  10.37 USD/GB P 0.78 (0.10)

  1.85

  5.50 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

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

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

8.85 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 Last price : 5.754 Support : 5.719, 5.669 Resist ance : 5.819, 5.848

JCI pada hari ini kam i perkirakan akan bergerak M I XED , dengan Range 5.719 — 5.819. JCI , dilihat dari candle

m em bent uk pola Black spinning t op, yang m engindik asikan adanya pelem ahan lanj ut an , JCI belum break Resis-

t ance 5.819, JCI berpeluang m encoba break Support 5.719, dan 5.669. I ndikat or 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 Black Spinning Top, m asih berpeluang m enguj i Support 5.100.

CPIN REDUCE

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

WOOD BOW

  

MAIN HOLD Berhasil break Resistance 1.280 , berpeluang mencoba Resistance 1.320.

  Belum berhasil break Resist ance 3.700, I ndikat or Macd dan St oc Osc polla Downt rend ^{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 5868 5719 5921 5781 5622.74 5669 5848 5819 COMPOSITE - Daily 10/29/2018 Open 5784.92, Hi 5814.68, Lo 5747.03, Clos e 5754.61 (-0.5%) MA(Clos e,50) = 5,860.32 5,754.61 5,860.32 May Jun Jul Aug Sep Oct -100 -50 MACD(12,26) 50 COMPOSITE - = -26.06, Signal(12,26,9) = -25.05}

• ^{-26.0563 -25.048}
^{20 80 COMPOSITE - Stoch %K(15,3) = 57.36, Stoch %D(15,3,3) = 48.32 57.3573 48.3213 COMPOSITE - RSI(15) = 45.09}

AKRA HOLD

  _{CPIN - Daily 10/23/2018 4:13:00 PM Open 5550, Hi 5650, Lo 5525, Clos e 5575 (0.5%) MA(Clos e,50) = 5,016.40 6000} Ch a r oe n Pok ph a n d I n don e sia Tbk ( CPI N ) _{5550 5350 5775 5900 5450 5,575 5,016.4 5,000 5,800 5,200 5,600 5,400 3,800 4,000 4,200 4,400 4,600} 4,800 _{CPIN - MACD(12,26) = 140.51, Signal(12,26,9) = 85.41 Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 3,000 3,200} 3,600 _{3,400 200 300 CPIN - Stoch %K(15,3) = 79.05, Stoch %D(15,3,3) = 82.66 Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct 79.0476 82.6631 85.4133} 140.514 _{100 20 80} CPI N : RED UCE Last price : 5.325

  

Support : 5.250, 5.100

St op loss : 5.350

  

Resist ance : 5.450, 5.550

CPI N t elah break Support 5.350 sebagai Level St op Loss. CPI N m asih berpeluang m elanj ut kan pelem ahan dengan

m enguj i Support 5.250 dan 5.100. j ika CPI N berhasil break Resist ance 5.450 ada peluang unt uk Reversal. CPI N kalo

dilihat dari Candle m em bent uk pola Black Spinning Top.

  I n t e gr a I n doca bin e t Tbk ( W OOD ) _{WOOD - Daily 10/29/2018 Open 570, Hi 600, Lo 560, Clos e 580 (1.8%) MA(Clos e,50) = 600.50 650 610 600.5 665 690 625 580 600 700 650 500 530 555 550} 575 _{450 500 Mar Apr May Jun Jul Aug Sep Oct 350} 400 _{300 WOOD - Stoch %K(15,3) = 57.23, Stoch %D(15,3,3) = 49.03} WOOD - MACD(12,26) = -7.83, Signal(12,26,9) = -7.25 _{Mar Apr May Jun Jul Aug Sep Oct -7.83178 -7.24956 49.0332 57.2304 40 80 20 WOOD - RSI(15) = 47.25}

  20 W OOD : BUY ON W EAKN ESS Last price : 580 Support : 555, 530 Resist ance : 610, 625 Target price : 650 ( 12.1% ) Ent ry point : 555 St op loss : 500 ( - 4.3% ) W OOD berhasil br eak Resist ance 595 dan berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 610 dan

  M a lin do Fe e dm ill Tbk ( M AI N ) _{MAIN - Daily 10/26/2018 4:13:00 PM Open 1250, Hi 1275, Lo 1230, Clos e 1235 (-0.4%) MA(Clos e,50) = 1,254.90 1320 1,300 1,400 1,500 1,600} 1280 1,254.9 _{1230 1210 1,200 1185 1,235 1,000 1,100 MAIN - MACD(12,26) = 4.00, Signal(12,26,9) = -9.87 Mar Apr May Jun Jul Aug Sep Oct 700 800} 900 _{MAIN - Stoch %K(15,3) = 79.67, Stoch %D(15,3,3) = 83.61 Mar Apr May Jun Jul Aug Sep Oct 4.00286 79.6748 83.6123 -9.86763 100} 150 _{20 80 50} MAIN - RSI(15) = 54.08

  M AI N : H OLD Last price : 1.255

Support : 1.230, 1.210

Target price : 1.320 ( 5.2% ) Resist ance : 1.280, 1.320 St op loss : 1.185 ( - 4.0% ) 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. _{AKRA - Daily 10/26/2018 4:13:00 PM Open 3580, Hi 3680, Lo 3580, Clos e 3640 (1.7%) MA(Clos e,50) = 3,683.60} AKR Cor por a t ion Tbk ( AKRA) _{6,200 5,800 5,600 5,400 6,000 4,400 4,600 4,200 4,800 5,000} 5,200 _{AKRA - MACD(12,26) = -41.07, Signal(12,26,9) = -31.08 Mar Apr May Jun Jul Aug Sep Oct 3770 3550 3460 3700 3,640 3630 3,600 3830 3,800 3890 -31.0805 3,683.6 3,200 3,400} 4,000 _{100 AKRA - Stoch %K(15,3) = 27.35, Stoch %D(15,3,3) = 22.74 Mar Apr May Jun Jul Aug Sep Oct 27.3494 22.7406} -41.0717 _-100
• _{-200 80 -300}
₂₀ AKRA - RSI(15) = 47.45

  AKRA : H OLD Last price : 3.520 Support : 3.460, 3.380 Target price : 3.830 ( 8.8% ) Resist ance : 3.700, 3.770 Ent ry point : 3.630 St op loss : 3.460 ( - 1.7% )

Ent ry point 3.630 ( 29/ 10) sudah t ercapai. Nam un, AKRA belum berhasil break Resist ance 3.700 yang m erupakan Re-

  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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