See important disclaimer at the end of this report

  Wednesday, November 7, 2018

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

  7,000 20,000

  JCI 5,923.93 Transactio n Value Regular M arket (IDR tn) 5.900

  6,000 15,000

  Transactio n Vo lume Regular M arket (mn shares) 5,341

  5,000 10,000 Fo reign Net B uy (Sell) (IDR bn) 1,060

  Fo reign Net B uy (Sell) (3.62)

  4,000 5,000

  To tal M arket Capitalizatio n (IDR tn) 6,720.20

  3,000 Y T D O t he r Indic e s C lo s ing 1- D a y C hg ( %) C hg ( %)

  LQ45 944.98 0.03 (12.45) IHSG naik sebanyak 3.3 poin (0.06%) ke level 5923.93. EIDO

  23.37 0.86 (17.80)

  Sementara LQ45 naik sebanyak 0.3 poin (0.03%) ke level

  IDX

  20.74 0.78 (16.51) 944.98. Foreign net buy sebesar Rp 1059.94 miliar. DOW JONES 25,635.01

  0.68

  3.70 S&P 500 2,755.45

  0.63

  3.06 NA SDA Q 7,375.96

  0.64

  6.85 FTSE 7,040.68 (0.89) (8.42)

  Today’s Market:

  NIKKEI 22,147.75 1.14 (2.71) HA NG SENG 26,120.96 0.72 (12.69)

   IHSG diperkirakan bergerak mixed dengan kecenderungan

  STRA ITS TIM ES 3,060.62 (1.79) (10.06)

  menguat. Bursa AS ditutup menguat pada perdagangan

  KLSE 1,708.80 (0.30) (4.90)

  Selasa (06/11), investor mencermati hasil pemilu AS. Har- ga batubara stabil di level USD 103.50 per Mt. Crude oil Y T D turun ke level USD 61.79 per barrel. Rupiah bergerak

  C urre nc y S po t R a t e R a t e ( ID R ) 1- D a y C hg ( %) C hg ( %) menguat terhadap Dollar AS ke level Rp 14.948. 10Yr

  USD/IDR 14,948.00

  0.00

  8.44 Government Bonds Yield turun ke level 8.18%. EUR/IDR 16,976.93 (0.67)

  4.37

   Dari dalam negeri, Bank Indonesia mencatatkan hasil sur-

  JP Y/IDR 130.85 (0.93)

  7.93

  vei penjualan eceran pada September 2018 tumbuh sebe-

  SGD/IDR 10,787.30 (0.85)

  5.90

  sar 4,8% YoY, turun dari bulan sebelumnya yang berada

  A UD/IDR 10,740.23 (0.56)

  1.36 pada level 6,1% YoY. GB P /IDR 19,442.24 (0.62)

  5.80

   Dari dalam negeri, lelang Surat Utang Negara (SUN) Selasa (06/11) ini menyerap dana sebesar Rp20 triliun La s t Y T D C o m m o dit ie s P ric e melebihi target dimana total penawaran yang masuk men-

  T ra ns a c t io n C hg ( %) capai Rp59,48 triliun.

  Crude Oil (USD/barrel) 61.79 7:52:47 A M

  2.27

   Sehubungan dengan emiten, Aneka Tambang (ANTM) te-

  Co al (USD/mn to ns) 103.50 11/6/2018

  2.68

  lah menjual emas sebanyak 24 ton atau mencapai target

  Natural Gas (USD/mmB tu) 3.53 7:52:38 A M

  19.67

  perusahaan pada tahun ini sampai akhir 2018. Sementara

  Go ld (USD/o unce) 1,229.64 8:02:50 A M (5.64)

  itu, penjualan bijih nikel per September 2018 tumbuh

  Nickel (USD/mn to ns) 11,835.00 8:02:48 A M (7.21)

  99% yoy menuju 4,11 juta wet metric ton (wmt) dari

  Tins (USD/mn to ns) 19,050.00 8:02:12 A M (4.87)

  sebelumnya 2,06 juta wmt. Hal tersebut dapat menjadi

  CP O (M YR/mn to ns) 1,950.00 11/5/2018 (20.21) sentimen positif untuk ANTM. Rubber (JP Y/kg) 139.90 7:31:16 A M (31.89)

   Secara teknikal indeks hari Rabu (07/11), IHSG diprediksi

  Wheat (USD/bushel) 512.00 11/6/2018

  19.91 bergerak di kisaran 5868-5982. Co rn (USD/bushel) 373.25 11/6/2018

  6.41 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

Merujuk pencapaian pertumbuhan ekonomi selama tiga kuartal 2018, laju produk domestik bruto (PDB) keseluruhan

tahun ini diprediksi mencapai 5,16-5,2%. Namun, ekonomi Indonesia saat ini dinilai tumbuh di bawah kapasitas dan

potensi yang dimiliki. Source: Investor Daily

Kinerja penjualan eceran nasional pada September 2018 terindikasi tetap optimistis. Ini tercermin dari Indeks

Penjualan Riil (IPR) pada bulan tersebut yang tumbuh 4,8% (yoy), meskipun tidak setinggi pertumbuhan IPR

Agustus 2018 yang sebesar 6,1% (yoy). Source: Investor Daily

Raksasa mobil asal Jepang, Toyota, meningkatkan prediksi perolehan laba setahun penuh pada Selasa (6/11).

Proyeksi hingga akhir tahun ini dinaikkan karena peningkatan laba bersih yang dibukukan perusahaan sebesar 16%

selama enam bulan hingga September lalu, berkat penjualan global yang stabil dan upaya efisiensi biaya. Source:

Investor Daily

Kementerian Pekerjaan Umum dan Perumahan Rakyat (PUPR) melelang sebanyak 3.926 paket pekerjaan yang ma-

suk dalam pagu anggaran 2019 senilai Rp 32,61 triliun untuk percepatan serapan anggaran tahun depan. Adapun

realisasi serapan anggaran PUPR tahun angggaran 2018 baru sebesar Rp 72,56 triliun, atau 63,46% dari pagu Rp

114,33 triliun dan realisasi fisik mencapai 80%. Source: Investor Daily

PT Freeport Indonesia dan PT Amman Mineral Nusa Tenggara masih mengkaji kerja sama pembangunan smelter

tembaga karena kedua perusahaan tambang itu diwajibkan menyelesaikan fasilitas pemurnian itu paling lambat pa-

da Januari 2022. Source: Bisnis Indonesia

Periode Januari-Juni 2018, disparitas harga barang kebutuhan pokok dan penting di beberapa daerah yang dilalui

trayek Tol Laut telah menurun. Itu di antaranya harga beras turun sebesar 21,43% di Fakfak (Papua Barat), gula di

Wasior (Papua Barat) 32,22%, minyak goreng 27,5% di Buru (Maluku), dan harga semen di Mimika (Papua) turun

sebesar 14,11%. Source: Investor Daily

Menteri Pertanian Andi Amran Sulaiman menyatakan bahwa rencana impor jagung sebesar 50 ribu ton hingga

maksimal 100 ribu ton dilakukan sebagai alat kontrol untuk menjaga stabilisasi harga pakan ternak. Jagung impor

hanya akan didistribusikan apabila harga pakan mengalami kenaikan tajam, sebaliknya apabila harga turun maka

pemerintah tidak akan mengeluarkan jagung impor tersebut ke pasar. Source: Investor Daily

Harga minyak mentah Indonesia (Indonesian Crude Price/ICP) terus merangkak naik. Pada Oktober lalu, rata-rata

  

ICP tercatat naik US$ 2,68 per barel menjadi US$ 77,56 per barel. Sejalan, ICP SLC juga naik dari US$ 75,38 per

barel menjadi US$ 77,56 per barel. Source: Investor Daily

Lembaga Pengembangan Perbankan Indonesia (LPPI) mencatat rasio kecukupan modal (capital adequacy ratio/CAR)

industri perbankan masih memadai mencapai 23% per September 2018. Hal tersebut mengindikasikan kemampuan

perbankan dalam menyerap risiko yang lebih tinggi. Source: Investor Daily

Bank Negara Indonesia (BBNI) telah melampaui target penerbitan uang elektronik pada tahun ini. Per September

2018, perseroan telah menerbitkan 4,2 juta keping kartu, atau naik 135,9% secara tahunan (year-on-year/yoy).

Source: Bisnis Indonesia

MD Pictures (FILM) membukukan penjualan sebesar Rp 232,8 miliar hingga kuartal III-2018, meningkat 67%

dibandingkan tahun lalu. Kinerja tersebut melampaui target yang ditetapkan dan mendorong perseroan merilis film

baru. Source: Investor Daily

Transcoal Pacific (TCPI) menetapkan nilai transaksi pembelian 99,9% saham PT Kanz Gemilang Utama (KGU) sebe-

sar Rp 239,96 miliar. Konsolidasi KGU ke perseroan diharapkan rampung sebelum akhir tahun. Source: Investor Dai-

ly

Shield on Service (SOSS) akan memfokuskan perluasan pasar dan bisnis usai menuntaskan penawaran umum per-

dana (initial public offering/IPO) saham. Aksi ini diharapkan menopang pertumbuhan kinerja keuangan perseroan ke

depan. Source: Investor Daily

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

  Daily Corporate and Industry News

Satria Antaran Prima (SAPX) melunasi obligasi wajib konversi (OWK) senilai Rp 67,2 miliar kepada GD Express Carri-

er Bhd. Pelunasan berasal dari dana penawaran umum perdana (initial public offering/ IPO) saham perseroan.

Source: Investor Daily

Chandra Asri Petrochemical (TPIA) menargetkan untuk mengoperasikan pabrik karet sintesis berkapasitas produksi

120.000 ton per tahun. Potensi yang dapat tumbuh dari bisnis tersebut dapat mencapai US$ 300 juta per tahun.

Souce: Kontan

Aneka Tambang (ANTM) telah menjual emas sebanyak 24 ton atau menyentuh target yang dibidik pada tahun ini

sampai akhir 2018. Sementara itu, penjualan bijih nikel per September 2018 tumbuh 99% yoy menuju 4,11 juta wet

metric ton (wmt) dari sebelumnya 2,06 juta wmt. Source: Bisnis Indonesia

Trans Power Marine (TPMA) berhasil membukukan laba sebesar US$ 5,87 juta atau melonjak 110% ketimbang peri-

ode yang sama tahun lalu. Pencapaian kinerja yang terbilang bagus ini terjadi seiring meningkatnya volume per-

mintaan ekspor batubara maupun domestik yang berimbas positif terhadap pendapatan perusahaan. Source: Kontan

Jasa Marga (JSMR) didorong oleh pemerintah untuk bekerja sama dengan perusahaan Jepang, Toyota, dalam mere-

alisasikan rencana pembangunan tol sepanjang 37,7 km dengan nilai investasi Rp 6,4 triliun. Source: Bisnis Indone-

sia

  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

  15.82

  1.20

  9.00

  8.48

  1.46 1.53 7,145.89

  53.97

  26 NKY Index 24,448.07 20,347.49 (617.19) (2.71)

  19.40

  1.90 1.80 373,401.03 3,290.46

  3.39 3.48 4,305,807.86 291.01

  27 NEY Index 376.09 317.49 (25.67) (7.18)

  16.05

  12.01

  1.38 1.32 420,471.56 3,705.25

  28 TP X Index 1,911.31 1,581.56 (158.21) (8.70)

  16.34

  13.03

  25 KSE100 Index 47,144.12 36,274.25 487.05

  16.37

  29 FB M KLCI Index 1,896.03 1,657.78 (88.01) (4.90)

  22 NIFTY Index 11,760.20 9,951.90 (0.70) (0.01)

  8.19

  1.05 1.08 10,981.14 1,402.00

  21 SENSEX Index 38,989.65 32,483.84 935.08

  2.75

  24.56

  19.51

  3.29 3.30 62,626.94 857.56

  23.84

  21.16

  18.68

  3.23 3.23 76,907.01 1,053.10

  23 JCI Index 6,693.47 5,557.56 (431.72) (6.79)

  24.58

  15.60

  2.58 2.63 6,720,200.17 454.19

  24 LQ45 Index 1,132.92 871.05 (134.40) (12.45)

  1.41 1.34 623,471.47 5,494.11

  16.68

  20 HSCEI Index 13,962.53 9,902.62 (1,076.66) (9.19)

  2.08 2.02 16,847.77 511.61

  34 TWSE Index 11,270.18 9,400.69 (817.91) (7.69)

  15.55

  12.82

  1.75 1.71 27,976.77 908.57

  35 SET Index 1,852.51 1,584.68 (84.38) (4.81)

  18.90

  15.43

  36 SET50 Index 1,223.67 1,043.32 (33.25) (2.93)

  8.64

  17.52

  15.22

  2.26 2.20 11,581.26 351.68

  37 VNINDEX Index 1,211.34 847.88 (62.19) (6.32)

  18.97

  15.73

  2.81 2.58 2,962,339.51 127.08

  1.05 1.00 1,352,619.20 1,204.63

  12.81

  16.57

  84.78

  1.67 1.65 1,073.47 257.68

  30 NZSE Index 1,652.90 1,433.28

  32.92

  2.18

  19.27

  20.64

  2.03 1.98 127.14

  31 P COM P Index 9,078.37 6,790.58 (1,378.31) (16.10)

  33 KOSP I Index 2,607.10 1,985.95 (377.87) (15.31)

  23.05

  16.79

  2.51 2.56 9,031.99 170.35

  32 FSSTI Index 3,641.65 2,955.68 (342.30) (10.06)

  11.05

  12.46

  1.22 1.20 531.72 386.84

  9.19

  1.39 1.39 16,933.01 2,161.89

  1 INDU Index 26,951.81 23,242.75 915.79

  7 UKX Index 7,903.50 6,851.59 (647.09) (8.42)

  19.74

  15.71

  2.65 2.56 5,574.56 282.00

  6 SX5E Index 3,695.32 3,090.85 (296.54) (8.46)

  18.45

  13.44

  1.67 1.65 2,808.58 3,205.15

  23.27

  1.91 1.85 2,339.92 1,780.49

  12.57

  1.97 1.93 1,938.81 2,536.74

  8 CA C Index 5,657.44 4,896.80 (237.37) (4.47)

  18.44

  13.56

  1.67 1.64 1,514.64 1,728.50

  9 DA X Index 13,596.89 11,051.04 (1,433.30) (11.10)

  5 M EXB OL Index 51,121.23 43,407.49 (3,026.07) (6.13)

  14.57

  12.59

  22.35

  3.70

  20.65

  16.06

  3.88 3.93 7,119.91 7,119.91

  2 SP X Index 2,940.91 2,532.69

  81.84

  3.06

  16.86

  19.80

  3.30 3.27 24,109.32 24,109.32

  3 CCM P Index 8,133.30 6,630.67 472.58

  6.85

  40.52

  21.51

  3.00 2.99 11,512.59 11,512.59

  4 SP TSX Index 16,586.46 14,639.70 (916.42) (5.65)

  19.26

  1.86 1.82 1,102.42 1,258.08

  10.90

  16.90

  15.08

  2.00 1.94 1,900.22 1,371.39

  16 SHSZ300 Index 4,403.34 3,009.50 (787.71) (19.54)

  16.49

  11.27

  2.05 2.04 25,765.56 3,723.62

  17 SHA SHR Index 3,757.20 2,564.94 (678.51) (19.59)

  10.87

  15 A S30 Index 6,481.30 5,721.60 (208.57) (3.38)

  1.80 1.78 28,398.02 4,104.06

  18 SZA SHR Index 2,140.56 1,267.27 (578.88) (29.14)

  29.07

  15.38

  3.12 2.92 17,408.51 2,515.86

  19 HSI Index 33,484.08 24,540.63 (3,798.19) (12.69)

  13.71

  18.90

  2.08 2.03 1,757.04 1,268.06

  10 IB EX Index 10,643.40 8,627.60 (1,055.00) (10.50)

  18.91

  15.10

  11.96

  1.47 1.45 558.94 637.86

  11 FTSEM IB Index 24,544.26 18,411.43 (2,585.05) (11.83) 890.96

  10.58

  1.18 1.15 459.31 524.16

  12 A EX Index 576.90 500.45 (22.27) (4.09)

  14.04

  14.98

  1.91 1.88 638.43 728.58

  13 SM I Index 9,616.38 8,372.90 (389.80) (4.15)

  24.59

  15.97

  2.59 2.61 1,094.26 1,090.22

  14 A S51 Index 6,373.50 5,624.60 (189.95) (3.13)

  17.96

  A s ia / P a c if ic A m e ric a 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 LO W P O IN T % 2 0 17 2 0 18 E 2 0 17 2 0 18 E D o m a in C urre nc y US D

  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

  80.89

  16 14.55 - - - - 10,924.61

  30 PGAS IJ 2,080 2,860 1,505 330

  18.86

  20.77

  14.06

  0.99 1.08 50,422.34

  31 PTBA IJ 4,450 4,940 2,135 1,990

  5.79

  1.86 1.19 11,991.93

  9.76

  1.91 3.01 51,266.93

  32 PTPP IJ 1,410 3,280 1,330 (1,230) (46.59)

  11.26

  5.29

  1.43 0.67 8,741.86

  33 PWON IJ 550 725 432 (135) (19.71)

  17.62

  29 MYRX IJ 126 198 101

  7.85

  3.20 2.17 26,487.78

  5.96 4.30 62,578.29

  24 JSMR IJ 4,090 6,775 3,920 (2,310) (36.09)

  21.11

  13.77

  3.08 1.75 29,684.69

  25 KLBF IJ 1,335 1,785 1,155 (355) (21.01)

  32.96

  25.53

  26 LPKR IJ 284 650 256 (204) (41.80)

  11.78

  18.08

  6.56

  0.49 0.30 6,556.76

  27 LPPF IJ 4,680 11,975 4,350 (5,320) (53.20)

  15.29

  6.96

  12.53 3.70 13,655.86

  28 MNCN IJ 840 1,690 700 (445) (34.63)

  11.94

  34 SCMA IJ 1,655 2,980 1,490 (825) (33.27)

  56.26

  11.55

  11.55

  2.91 2.37 124,959.53

  42 UNVR IJ 43,000 58,100 40,400 (12,900) (23.08)

  60.89

  41.25

  82.44 52.23 328,090.00

  43 WIKA IJ 1,190 2,190 1,095 (360) (23.23)

  7.12

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

  1.10 0.75 10,674.24

  44 WSBP IJ 316 510 314 (92) (22.55)

  10.56

  6.86

  1.47 0.92 8,330.13

  45 WSKT IJ 1,505 3,150 1,415 (705) (31.90)

  7.22

  4.48

  17.84

  

40 TRAM IJ 189 432 139 (9) (4.55) - - - - 9,380.77

  27.24

  17.92

  16.00

  9.30 4.98 24,198.75

  35 SMGR IJ 9,750 11,775 6,500 (150) (1.52)

  29.14

  25.71

  2.03 1.90 57,832.32

  36 SRIL IJ 352 396 302 (28) (7.37) 7.26 - 1.18 - 7,199.17

  37 SSMS IJ 1,300 1,545 1,005 (200) (13.33)

  14.53

  4.74 3.33 85,065.89

  3.54 2.72 12,382.50

  38 TLKM IJ 3,890 4,419 3,250 (509) (11.57)

  19.68

  18.86

  4.70 3.84 385,352.02

  39 TPIA IJ 4,770 6,675 4,300 (1,230) (20.50)

  23.81

  29.31

  3.29 2.93 65,802.02

  43.45

  1 ADHI IJ 1,310 2,510 1,100 (575) (30.50)

  8 BBRI IJ 3,330 3,920 2,720 (310) (8.52)

  23.17

  23.31

  4.11 4.00 601,582.22

  7 BBNI IJ 7,750 10,175 6,675 (2,150) (21.72)

  13.56

  9.38

  1.87 1.35 144,527.09

  15.34

  6 BBCA IJ 24,400 25,475 20,350 2,500

  12.65

  2.67 2.20 410,741.55

  9 BBTN IJ 2,340 3,890 2,010 (1,230) (34.45)

  12.49

  7.55

  1.75 1.02 24,780.60

  10 BJBR IJ 2,000 2,490 1,695 (400) (16.67)

  19.20

  11.42

  2.72 2.40 327,916.78

  2.31 1.87 19,392.58

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

  13.02

  5.83

  1.15 0.70 4,664.71

  2 ADRO IJ 1,630 2,650 1,565 (230) (12.37)

  9.06

  7.87

  1.26 0.96 52,137.12

  28.11

  15.07

  14.01

  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 8,100 8,750 6,100 (200) (2.41)

  17.83

  12.90

  11 BMRI IJ 7,350 9,050 6,175 (650) (8.13)

  23 INTP IJ 17,875 23,800 12,500 (4,075) (18.56)

  26.70

  16.13 12.56 439,682.33

  19 ICBP IJ 8,900 9,275 7,900

  0.00

  27.31

  24.37

  5.31 4.77 103,790.98

  20 INCO IJ 3,160 4,720 2,570 270 9.34 -

  1.16 1.11 31,398.83

  43.54

  21 INDF IJ 5,825 8,225 5,500 (1,800) (23.61)

  16.11

  12.34

  2.15 1.51 51,145.98

  22 INDY IJ 2,480 4,630 2,120 (580) (18.95)

  3.50

  4.41

  1.27 0.88 12,921.28

  33.23

  18 HMSP IJ 3,780 5,550 3,230 (950) (20.08)

  20.93

  6.61

  14.25

  2.24 1.90 343,000.00

  12 BMTR IJ 330 755 312 (260) (44.07) - - 0.88 - 4,685.55

  13 BRPT IJ 1,820 2,720 1,510 (440) (19.47)

  21.82

  20.50

  2.16 1.24 32,380.69

  14 BSDE IJ 1,160 1,965 930 (540) (31.76)

  9.46

  3.82 3.36 153,975.14

  1.29 0.80 22,326.17

  15 BUMI IJ 166 356 162 (104) (38.52)

  2.57 1.87 - - 10,868.91

  16 EXCL IJ 2,230 1,710 (730) (24.66) 85.16 110.46

  1.46 1.09 23,834.15

  17 GGRM IJ 80,025 86,400 66,125 (3,775) (4.50)

  20.80

  18.47

  2.14 1.09 20,428.72 MARKET CAP (Bn) LQ45 Index CHANGE YTD PER (x) PBV (x) 6-Nov-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

  0.96

  4.04 2.02 (16.40) B asic Industry

  0.22

  0.16

  0.03

  8.41 Trade

  0.74 0.43 (2.18) (14.70) Finance

  0.75

  5.47 7.67 (2.58) M iscellaneo us Industry (1.66)

  3.87 12.59 (2.02) Co nsumer (1.22) (0.24) 2.36 (14.84) Infrastructure (0.14)

  1.05 3.85 (10.99) A griculture (0.91) 0.15 (1.80) (5.95) M ining

  1.07 2.10 (5.24)

  17.31 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 %)

  2.22

  3.61 Inflatio n Yo Y (in %)

  3.16

  2.88 Inflatio n M o M (in %) 0.28 -0.18

  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 14,804.00 2.80 (8.44)

  USD/CNY

  6.92

  0.09 0.16 (5.96) USD/EUR 0.87 (0.30)

  0.26

  4.74 USD/JP Y 113.14

  0.26 0.08 (0.40) USD/SGD

  1.37

  0.11 0.85 (2.62) USD/A UD 1.38 (0.07) (2.37)

  7.67 USD/GB P 0.76 (0.20) (0.26)

  2.90 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 )

  1.12 SIB OR ( in USD)

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

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

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

8.49 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 : 5.923 Support : 5.868, 5.848 Resist ance : 5.956, 5.982

JCI pada hari ini kam i perkirakan akan bergerak M I XED M EN GUAT, dengan Range 5.868 — 5.982. JCI , dilihat

dari candle m em bent uk pola Whit e Spinning Top. Yang m engindikasikan m arket m asih akan bergerak m ix ed, JCI

kem arin berhasil break Resist ance 5.956. JCI berpeluang m elanj ut kan penguat an dengan m encoba Resist ance

5.982 dan 6.026. 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

  I ndicat or St oc osc m engindikasikan pola Deat h Cross ADRO BUY Berhasil break Resist ance 1.610, Candle chart pola Morning st ar.

TLKM HOLD

  PTBA HOLD Indikator Macd dan Stoc osc mengindikasikan pola Reversal. SMGR HOLD Candle chart membentuk Pola Black Spinning Top. ^{Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 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 5921 5848 5815 5956 5769 5982 COMPOSITE - Daily 11/6/2018 Open 5920.59, Hi 5959.97, Lo 5898.56, Clos e 5923.93 (0.1%) MA(Clos e,50) = 5,852.51 5,923.93 5,852.51 Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep Oct Nov -100 100 COMPOSITE - MACD(12,26) = 11.45, Signal(12,26,9) = -8.57 11.4538 -8.57086 20 80 COMPOSITE - Stoch %K(15,3) = 95.76, Stoch %D(15,3,3) = 92.60 95.7611 92.5953 COMPOSITE - RSI(15) = 58.04}

  _{TLKM - Daily 11/6/2018 4:14:00 PM Open 3930, Hi 3930, Lo 3820, Clos e 3890 (0.0%) MA(Clos e,50) = 3,608.00} Te le k om u n ik a si I n don e sia ( Pe r se r o) Tbk ( TLKM ) _{4,200 4,300 4,400 4,500 3810 3,800 3830 3890 3950 4030 3,890 3,700 3,900 4,000} 4,100 _{TLKM - MACD(12,26) = 75.30, Signal(12,26,9) = 55.90 Dec Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2018} 3,608 _{3,300 3,400 3,500 3,600 100 TLKM - Stoch %K(15,3) = 93.06, Stoch %D(15,3,3) = 93.56 Dec Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2018 93.0556} 75.3019 _{55.9036 20 80 50 -100 -50} TLKM - RSI(15) = 60.23 ⁷⁰ TLKM : H OLD

  Last price : 3.890

Suppor t : 3.830, 3.810

Target price : 4.030 ( 3.6% ) Resist ance : 3.950, 4.030 St op Loss : 3.810 ( - 2.1% ) Ent ry point 3940 ( 05/ 11) sudah t ercapai, TLKM berhasil break Support Trendline 3.890, dan berpeluang m elanj ut kan pelem ahan dengan m enguj i Support 3.830 dan 3.810. Yang perlu diperhat ikan Support 3.810 sebagai St op Loss

TLKM . Nam un, j ika TLKM berhasil break 3.950 ada peluang akan m encoba Resist ance 4.030. Jika dilihat pada I ndika-

t or MACD m engindikasikan pola Upt rend.

  Ada r o En e r gy Tbk ( AD RO) _{ADRO - Daily 11/6/2018 4:14:00 PM Open 1590, Hi 1635, Lo 1585, Clos e 1630 (3.5%) MA(Clos e,50) = 1,754.60 2,100 2,150 2,200 2,250 2,300 1,800 1,850 1,900 1,950 2,000} 2,050 _{Apr May Jun Jul Aug Sep Oct Nov 1750 1585 1705 1530 1610 1565 1640 1665 1,650 1,630} 1,754.6 _{1,750 1,600 1,550 1,700} ADRO - MACD(12,26) = -45.11, Signal(12,26,9) = -38.25 _{ADRO - Stoch %K(15,3) = 11.63, Stoch %D(15,3,3) = 11.58 Apr May Jun Jul Aug Sep Oct Nov -45.1104 -38.2464 -100 80 -50 ADRO - RSI(15) = 41.86 11.6279}

  20 AD RO : BUY Last price : 1.630 Support : 1.585, 1.565

Resist ance : 1.645, 1.665

Target price : 1.705 ( 4.6% ) Ent ry point : 1.630 St op loss : 1.565 ( - 4.0% )

AD RO t elah berhasil break Resist ance 1.610 dan berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 1.645

  Ta m ba n g Ba t u ba r a Bu k it Asa m Tbk ( PTBA) Se m e n Gr e sik ( Pe r se r o) Tbk ( SM GR) PTBA : H OLD Last price : 4.450 Target price : 4.490 ( 3.2% ) St op Loss : 4.300 ( - 1.1% ) PTBA berhasil break Resist ance 4.430 dan berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 4.490 dan 4.520. Resist ance Trendline PTBA 4.520, j ika berhasil break Resist ance Trendline 4.520 akan m encoba Resist ance 4.610. PTBA j uga didukung oleh I ndikat or MACD dan St oc osc yang m engindikasikan pola Reversal.

  SM GR : H OLD Last price : 9.750 Target price : 10.350 ( 7.8% ) St op loss : 9.300 ( - 3.1% )

Ent ry point 9.600 ( 06/ 11) sudah t ercapai. SM GR belum berhasil break Resist ance 9.925 dan berpeluang m enguj i Sup-

  

Support : 4.350, 4.250

Resist ance : 4.430, 4.490

Support : 9.575, 9.425

Resist ance : 9.925, 10.100

^{Apr May Jun Jul Aug Sep Oct Nov 2,800 3,000 3,200 3,400 3,600 3,800 4,000 4,200 4,400 4,600 4,800 5,000 4490 4610 4430 4350 4180 4390 4300 4250 PTBA - Daily 11/6/2018 4:13:00 PM Open 4410, Hi 4480, Lo 4410, Clos e 4450 (1.4%) MA(Clos e,50) = 4,264.40 4,450 4,264.4 Apr May Jun Jul Aug Sep Oct Nov -100 100 MACD(12,26) 200 PTBA - = -12.31, Signal(12,26,9) = 0.87}

• ^{-12.3129 0.86978}
^{20 80 PTBA - Stoch %K(15,3) = 39.74, Stoch %D(15,3,3) = 27.35 39.7436 27.3504 PTBA - RSI(15) = 53.97 Mar Apr May Jun Jul Aug Sep Oct Nov 6,500 7,000 7,500 8,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500 12,000 9300 9575 9925 9425 10100 10350 SMGR - Daily 11/6/2018 4:07:00 PM Open 9800, Hi 9875, Lo 9475, Clos e 9750 (0.5%) MA(Clos e,50) = 9,094.50 9,750 9,094.5 Mar Apr May Jun Jul Aug Sep Oct Nov -400 -200 200 400 SMGR - MACD(12,26) = 130.67, Signal(12,26,9) = 38.61 130.671 38.6135 20 80 SMGR - Stoch %K(15,3) = 94.81, Stoch %D(15,3,3) = 92.66 94.8145 92.6629 RSI(15) 70 SMGR - = 63.64}

  State Budget 2016 2017 2018

INDICATOR LKPP APBNP RAPBN

  

GDP Growth (%, YoY) 5,0% 5,2% 5,4%

Exchange rate (USD/IDR) 13307 13300 13500

Inflation (%, YoY)

  3% 4,3% 3,5%

  

3 Months SPN (%) 5,7% 5,2% 5,3%

Indonesian C rude Oil (USD/barrel)

  40

  45

  48 Oil Lifting ( thousands barrel/day) 829 815 800 Gas Lifting (thousands, BOE/day)

  1.18

  1.15

  1.2 Total State Budget (in IDR trillion) 1556 1714 1878 Upcoming IPO Dividend Rights Issue

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