Riset | Sinarmas Sekuritas

Friday, July 20, 2018
Volume

7,000

ID X Statistics

JCI Index

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

6,000
5,000
4,000

3,000

C lo sing

JCI

5,871.08

Transaction Value Regular M arket (IDR tn)

6.385

Transaction Volume Regular M arket (mn shares)

6,176

Foreign Net Buy (Sell) (IDR bn)
Foreign Net Buy (Sell)

(3.67)


Total M arket Capitalization (IDR tn)

Other Indices

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



I HSG diperkirakan bergerak m ixed dengan kecenderungan
m elem ah. Bursa AS dit ut up m elem ah pada perdagangan
Kam is ( 19/ 07) . Harga crude oil naik ke level USD 69.90
per barrel. Harga bat ubara st abil di level USD 119.30 per
Mt . Rupiah bergerak st abil t erhadap Dollar AS ke level I DR
14.415. 10Yr Governm ent Bonds Yield naik ke level
7.82% .









6,637.00

C lo sing

1-D ay C hg (%)

YT D
C hg (%)

920.97

(0.62)

(14.68)


EIDO

23.15

(1.32)

(18.57)

IDX

20.85

(1.28)

(16.06)

25,064.50

(0.53)


1.40

S&P 500

2,804.49

(0.40)

4.90

NASDAQ

7,825.30

(0.37)

13.35

LQ45


DOW JONES

Toda y’ s M a r k e t :

(76)

FTSE

7,683.97

0.10

(0.05)

NIKKEI

22,764.68

(0.13)


(0.00)

HANG SENG

28,010.86

(0.38)

(6.38)

STRAITS TIM ES

3,277.58

1.14

(3.68)

KLSE


1,759.24

0.35

(2.09)

C urrency Spo t R ate

R ate (ID R )

1-D ay C hg (%)

YT D
C hg (%)

USD/IDR

14,415.00


0.00

6.14

EUR/IDR

16,830.63

0.28

3.63

JPY/IDR

128.55

0.56

6.31


Sehubungan dengan em it en, BMRI m encat at kan laba bersih Rp 12,18 t riliun pada sem est er pert am a 2018, t um buh
28,75% dibandingkan periode sam a t ahun lalu Rp 9,46
t riliun. Hingga akhir t ahun ini, bank BUMN t ersebut
m enarget kan pert um buhan laba 18 - 22% yoy. Laba bersih
t et ap t erj aga dikarenakan pert um buhan kredit yang m eningkat disert ai dengan credit cost yang t erkendali. Kendat i
dem ikian, likuidit as m eningkat dikarenakan pert um buhan
kredit yang diat as pert um buhan dana pihak ket iga ( DPK) .
Hasil t ersebut sesuai dengan ekspekt asi konsensus.

SGD/IDR

10,562.31

0.06

3.97

AUD/IDR

10,640.14


(0.31)

0.57

GBP/IDR

18,803.63

(0.25)

2.64

RALS pada kuart al I I - 2018 m em bukukan penj ualan
Rp 3,6 t riliun, sehingga sej ak awal t ahun, RALS
m engakum ulasi penj ualan Rp 5,18 t riliun at au naik
yoy, set ara dengan 62% dari t arget penj ualan t ahun
8,23 t riliun.

Nickel (USD/mn tons)
Tins (USD/mn tons)

19,510.00

8:07:50 AM

(2.57)

2,180.00

7/19/2018

(10.80)

Rubber (JPY/kg)

163.50

7:55:36 AM

(20.40)

Wheat (USD/bushel)

506.00

7:58:23 AM

18.62

Corn (USD/bushel)

352.25

7:58:07 AM

0.43

Dari dalam negeri, Bank I ndonesia ( BI ) m em ut uskan m enahan suku bunga acuan BI 7DRRR di level 5,25% .

kot or
t elah
3,9%
ini Rp

Secara t eknikal indeks hari Jum at ( 20/ 07) , I HSG diprediksi
bergerak di kisaran 5832 - 5935.

Top BUY: AALI , LPPF, ACES, CTRA
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C o mmo dities

Last
T ransactio n

P rice

YT D
C hg (%)

Crude Oil (USD/barrel)

69.90

7:50:52 AM

15.69

Coal (USD/mn tons)

119.30

7/19/2018

18.35

2.77

7:53:04 AM

(6.16)

1,223.49

8:08:29 AM

(6.09)

13,440.00

8:08:29 AM

5.33

Natural Gas (USD/mmBtu)
Gold (USD/ounce)

CPO (M YR/mn tons)

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
Bank I ndonesia ( BI ) m em ut uskan m enahan suku bunga acuan BI 7 - day reverse repo rat e ( 7 - DRRR) di level 5,25% ,
set elah dalam dua bulan t erakhir sudah t iga kali m enaikkan sebanyak 100 basis point s ( bps) . Meski m enahan bunga
acuan, Gubernur BI Perr y Warj iyo m em ast ikan bahwa sikap kebij akan m onet er bank sent ral ke depan m asih t et ap
sam a, yait u hawkish at au cenderung ket at dan m asih akan t et ap fokus m enj aga st abilit as ekonom i dan nilai t ukar
rupiah. BI j uga akan reakt ivasi SBI unt uk t enor 9 bulan dan 12 bulan. Di dalam SBI , dana asing bisa m asuk. Sour ce:
I nvest or Daily, Bisnis I ndonesia
PT Angkasa Pura ( AP) I I sudah m enggelont orkan Rp 2,5 t riliun unt uk keperluan pem bebasan lahan proyek landasan
pacu ( runway ) 3 Bandara Soekarno Hat t a ( Soet t a) , Tangerang. Nom inal it u t ercat at sebesar 62,5% dari t ot al anggaran pem bebasan lahan runway 3 senilai Rp 4 t riliun yang berasal dari penyert aan m odal negara ( PMN) . Source:
I nvest or Daily
Kem ent erian Pert anian ( Kem t an) m enyalurkan 100 t on t elur ayam dalam operasi pasar di wilayah Jabodet abek
Kam is ( 19/ 7) . Operasi pasar dilakukan unt uk m eredam kenaikan harga t elur yang sem pat t em bus Rp 30.000 per
kilogram ( kg) dalam sebulan t erakhir. Source: Kont an
JP Morgan Chase Bank & Co kem bali m enaikkan rekom endasi peringkat surat ut ang at au obligasi I ndonesia dari level
net ral ke overweight . Rekom endasi JP Morgan ini m em beri sinyal bahwa fundam ent al m akro ekonom i I ndonesia
dinilai kuat . JP Morgan j uga m enilai I ndonesia m em iliki t ingkat pert um buhan pot ensial yang t inggi. Source: Kont an
Kem ent erian Perindust rian ( Kem perin) m em perkirakan indust ri kosm et ik nasional t ahun ini m am pu t um buh 7% . Target pert um buhan it u lebih t inggi dibandingkan realisasi t ahun lalu yang sebesar 6,35% . Source: Kont an
Kem ent erian Energi dan Sum ber Daya Mineral ( ESDM) m engusulkan subsidi solar t ahun depan dibat asi m aksim al Rp
2.500 per lit er. Meski subsidi naik, konsum si solar bersubsidi pada t ahun depan diproyeksikan sam a dengan out look
t ahun ini, yakni 14,5 j ut a kilolit er ( KL) .Usulan ini dengan asum si harga m inyak m ent ah I ndonesia ( I ndonesian Cr ude
Price/ I CP) US$ 65 per bar el. Source: I nvest or Daily
Tot al im por sem ua j enis beras pada sem est er I - 2018 m encapai 1.119.797,80 t on, at au m elonj ak hingga 754% dari
periode sam a t ahun sebelum nya yang hanya 130.992,60 t on. Beras im por didat angkan dari sej um lah negara, di
ant aranya Viet nam , Thailand, I ndia, Jepang, Qat ar, Pakist an, dan Myanm ar. Source: I nvest or Daily
Bank Mandiri ( BMRI ) m encat at kan laba bersih Rp 12,18 t riliun sem est er pert am a 2018, m elonj ak 28,75% dibandingkan periode sam a t ahun lalu Rp 9,46 t riliun. Hingga akhir t ahun ini, bank BUMN t ersebut m enarget kan pert um buhan
laba 18- 22% year on year ( yoy) . Source: I nvest or Daily
Bank Pem bangunan Daerah Jawa Tim ur ( BJTM) m em bukukan laba bersih sebesar Rp 758,28 m iliar pada sem est er I 2018, t um buh 5,01% secara t ahunan ( year on year / yoy) . Sam pai dengan akhir t ahun ini, perseroan m em proyeksikan perolehan laba m inim al t um buh 5% ( yoy) . Sour ce: I nvest or Daily
Ram ayana Lest ari Sent osa ( RALS) pada kuart al I I - 2018 m em bukukan penj ualan kot or Rp 3,6 t riliun, sehingga sej ak
awal t ahun, RALS t elah m engakum ulasi penj ualan Rp 5,18 t riliun at au naik 3,9% yoy, set ara dengan 62% dari t arget
penj ualan t ahun ini Rp 8,23 t riliun. Manaj em en RALS m engungkapkan, gross m argin RALS di paruh pert am a t ahun
ini t ercat at m encapai 29,5% . Source: Kont an
Lem baga int ernasional St andard & Poor's ( S&P) m enaikkan peringkat korporasi t ahun 2018 unt uk Aneka Tam bang
( ANTM) , dari sem ula B- / out look st abil m enj adi B- / out look posit if. Source: Kont an
Panca Budi I dam an ( PBI D) m elanj ut kan ekspansi ke Malaysia dengan m em bangun pabrik di Johor Bahr u, Malaysia.
Nilai t ot al invest asinya RM 7 j ut a at au Rp 24,86 m iliar dim ana dari t ot al invest asi t ersebut , m anaj em en Panca Budi
I dam an m enggunakan dana RM 5,5 j ut a unt uk m em bangun pabrik dan RM 1,5 j ut a unt uk pengadaan m esin. Sepanj ang t ahun ini, Panca Budi I dam an m enarget kan pendapat an t um buh sebesar 12% year - on- year ( yoy) m enj adi Rp
3,91 t riliun. Source: Kont an

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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

2

D a ily Cor por a t e a nd I n du st r y N e w s
Krakat au St eel ( KRAS) m em bukukan pert um buhan volum e penj ualan hingga 25% secara t ahunan pada sem est er
I / 2018 sej alan dengan upaya perseroan m enggenj ot dist ribusi pada 2018. KRAS m em bidik volum e penj ualan 2,8
j ut a t on pada 2018. Target t ersebut naik 40% dibandingkan dengan t arget yang dipasang pada t ahun lalu. Source:
Bisnis I ndonesia
Met ropolit an Land ( MTLA) m erealisasikan pendapat an prapenj ualan at au m arket ing sales senilai Rp1,19 t riliun pada
sem est er pert am a t ahun ini. Pencapaian t ersebut m asih sej alan dengan t arget perseroan senilai Rp2 t riliun hingga
akhir t ahun ini. Source: Bisnis I ndonesia
M Cash I nt egrasi ( MCAS) m elalui PT Surya Teknologi Perkasa, perusahaan pat ungan ( j oint vent ure/ JV) yang saham nya dim iliki perseroan sebesar 17% , m elakukan invest asi di PT Gowit m i Teknologi I ndonesia. Adapun kepem ilikan
saham Surya Teknologi Perkasa di Gowit m i Teknologi m encapai 33,3% . Source: I nvest or Daily
Tiphone Mobile I ndonesia ( TELE) , PT Bank Mayapada I nt ernat ional Tbk ( MAYA) , dan PT Jakart a Lingkar Barat sat u
( JLB) t engah berencana m enerbit kan obligasi senilai t ot al Rp 5,5 t riliun. Tiga rencana penerbit an surat ut ang it u sudah m asuk dalam pipeline Bursa Efek I ndonesia ( BEI ) . Source: I nvest or Daily
MNC I nvest am a ( BHI T) berencana m erest rukt urisasi ut ang dengan skem a konversi saham m elalui penam bahan m odal t anpa hak m em esan efek t erlebih dahulu ( PMTHMETD) . BHI T m em iliki kewaj iban ut ang pada Caravaggio Holdings
senilai US$ 115 j ut a. Ut ang ini akan dikonversi m enj adi 13,76 m iliar saham at au senilai Rp 1,58 m iliar. Sem ent ara,
ut ang kepada Scot t Capit al I nvest m ent s m encapai Rp 321,6 m iliar. Ut ang akan dikonversi m enj adi 2,79 m iliar saham . Kedua ut ang ini akan dikonversi paling lam bat pada 30 Sept em ber 2018. Source: Kont an

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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

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

52-WEEK
H IG H

C H A N GE YTD

LO W

P O IN T

%

P E R ( x)
2 0 17

P B V ( x)

2 0 18 E

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

1

IN D U Index

26,616.71

21,496.13

345.28

1.40

20.64

16.13

3.88

3.90

7,034.21

7,034.21

2

SP X Index

2,872.87

2,417.35

130.88

4.90

22.45

17.54

3.30

3.34

24,678.75

24,678.75

3

C C M P Index

7,867.15

6,177.19

921.91

13.35

38.89

23.64

3.80

3.82

12,248.43

12,248.43

4

SP T SX Index

16,586.46

14,785.78

333.88

2.06

19.79

15.93

1.91

1.92

2,533.71

1,908.49

5

M EXB O L Index

51,772.37

44,429.36

(606.63)

(1.23)

19.74

17.41

2.65

2.76

5,917.29

309.71

3,708.82

3,261.86

(32.32)

(0.92)

18.32

14.01

1.67

1.68

2,927.21

3,397.61

E uro pe
6

SX5E Index

7

UKX Index

7,903.50

6,866.94

(3.80)

(0.05)

23.11

13.69

1.97

1.95

2,127.30

2,763.36

8

C A C Index

5,657.44

4,995.07

104.51

1.97

18.26

14.64

1.67

1.68

1,580.11

1,834.03

9

D A X Index

13,596.89

11,726.62

(231.35)

(1.79)

19.09

13.25

1.86

1.88

1,165.30

1,352.56

(322.80)

10

IB EX Index

10,758.20

9,327.60

(3.21)

15.08

12.64

1.47

1.47

606.07

703.46

11

F T SEM IB Index

24,544.26

21,122.51

32.06

0.15

28.75

11.77

1.18

1.18

514.40

597.06

12

A EX Index

572.90

505.92

25.63

4.71

18.98

15.57

1.91

1.93

682.26

791.90

13

SM I Index

9,616.38

8,372.90

(447.90)

(4.77)

24.59

15.73

2.59

2.66

1,083.32

1,082.13

6,306.10

5,639.40

197.57

3.26

17.90

15.95

2.09

2.06

1,859.33

1,362.51

A s ia / P a c if ic
14

A S51 Index

15

A S30 Index

6,386.70

5,702.20

187.73

3.04

18.90

15.95

2.00

1.98

2,026.35

1,484.91

16

SH SZ 300 Index

4,403.34

3,295.73

(602.52)

(14.95)

16.58

11.58

2.05

1.97

26,560.34

3,902.78

17

SH A SH R Index

3,757.20

2,818.06

(559.88)

(16.17)

16.86

11.06

1.80

1.75

29,326.19

4,309.19

18

SZ A SH R Index

2,140.56

1,573.34

(339.02)

(17.07)

29.07

17.61

3.12

3.08

19,945.57

2,930.80

19

H SI Index

33,484.08

26,632.98

(1,908.29)

(6.38)

13.70

11.26

1.39

1.36

18,207.73

2,319.52

20

H SC EI Index

13,962.53

10,450.39

(1,186.06)

(10.13)

9.14

7.44

1.05

1.02

11,527.99

1,468.57

21

SEN SEX Index

36,747.87

31,081.83

2,294.40

6.74

24.53

18.91

3.12

3.19

64,811.88

938.88

22

N IF T Y Index

23

J C I Index

24

LQ 45 Index

25
26

11,171.55

9,685.55

426.40

4.05

23.76

18.50

3.12

3.18

79,560.81

1,152.54

6,693.47

5,557.56

(484.58)

(7.62)

24.22

14.95

2.52

2.53

6,636,997.12

456.87

1,132.92

871.91

(158.42)

(14.68)

21.16

15.62

3.39

3.42

4,112,140.03

283.07

KSE100 Index

47,241.17

37,736.73

1,324.11

3.27

8.99

8.61

1.46

1.38

7,309.22

57.00

N KY Index

24,129.34

19,239.52

(0.26)

(0.00)

19.43

16.47

1.89

1.92

388,853.73

3,445.45

27

N EY Index

376.09

311.55

(11.13)

(3.11)

16.02

13.57

1.38

1.39

440,984.00

3,907.35

28

T P X Index

1,911.31

1,578.66

(67.97)

(3.74)

16.36

13.68

1.41

1.42

657,928.77

5,829.60

29

F B M KLC I Index

1,896.03

1,657.78

(37.57)

(2.09)

16.68

16.79

1.67

1.73

1,098.41

269.62

30

N Z SE Index

1,606.69

1,396.64

67.41

4.46

19.27

20.46

2.03

3.46

129.60

87.08

31

P C O M P Index

9,078.37

6,923.67

(1,170.55)

(13.68)

22.98

16.97

2.51

2.59

9,200.06

171.53

32

F SST I Index

3,641.65

3,176.26

(125.34)

(3.68)

11.12

13.09

1.22

1.21

559.70

407.53

33

KO SP I Index

2,607.10

2,243.90

(185.20)

(7.51)

12.75

8.98

1.05

1.03

1,473,745.92

1,294.00

34

T WSE Index

11,270.18

10,189.04

192.52

1.81

15.56

13.79

1.75

1.75

32,272.73

1,051.02

35

SET Index

1,852.51

1,556.22

(106.82)

(6.09)

18.92

15.13

2.08

2.10

16,585.26

495.60

36

SET 50 Index

1,223.67

991.42

(50.29)

(4.43)

17.52

15.07

2.26

2.32

11,396.24

340.54

37

VN IN D EX Index

1,211.34

753.82

(40.27)

(4.09)

18.95

16.16

2.81

2.64

2,997,735.42

130.03

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
L Q 4 5 In d e x

1 9 -J u l -1 8

5 2 -W E E K

H IG H

C H A N G E Y TD

LOW

P O IN T

%

1

A D H I IJ

1 ,6 2 5

2 ,5 1 0

1 ,5 3 5

(2 6 0 )

(1 3 . 7 9 )

2

A D R O IJ

1 ,8 7 0

2 ,6 5 0

1 ,5 7 5

10

0 .5 4

3

A K R A IJ

4 ,7 3 0

8 ,0 2 5

3 ,9 6 0

4

A N TM IJ

875

1 ,0 1 5

600

5

A S II IJ

6 ,7 0 0

8 ,7 5 0

6 ,1 0 0

6

B B C A IJ

2 3 ,2 0 0

2 4 ,7 0 0

1 8 ,2 0 0

7

B B N I IJ

7 ,3 7 5

1 0 ,1 7 5

6 ,7 5 0

8

B B R I IJ

2 ,8 9 0

3 ,9 2 0

9

B B TN IJ

2 ,3 5 0

3 ,8 9 0

10

B J B R IJ

2 ,0 7 0

11

B M R I IJ

12

B M TR IJ

13

(1 , 6 2 0 )
250
(1 , 6 0 0 )

(2 5 . 5 1 )
4 0 .0 0
(1 9 . 2 8 )

P E R (x )

2017

2018E

P B V (x )

2017

2018E

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

1 3 .0 2

6 .8 2

1 .1 5

0 .8 8

5 ,7 8 6 .3 8

9 .0 6

8 .0 5

1 .2 6

1 .1 1

5 9 ,8 1 3 .7 5

2 8 .1 1

1 7 .1 6

3 .3 7

2 .2 1

1 8 ,9 8 9 .5 1

4 7 .6 7

0 .8 1

1 .1 5

2 1 ,0 2 6 .9 2

1 7 .8 2

1 3 .0 0

2 .7 2

1 .9 7

2 7 1 ,2 3 9 .8 1

-

1 ,3 0 0

5 .9 4

2 3 .1 7

2 2 .1 2

4 .1 1

3 .7 9

5 7 1 ,9 9 6 .2 1

(2 , 5 2 5 )

(2 5 . 5 1 )

1 3 .5 6

8 .9 1

1 .8 7

1 .2 7

1 3 7 ,5 3 3 .8 4

2 ,7 2 0

(7 5 0 )

(2 0 . 6 0 )

1 5 .3 4

1 0 .9 6

2 .6 7

1 .9 0

3 5 6 ,4 6 9 .3 9

2 ,1 1 0

(1 , 2 2 0 )

(3 4 . 1 7 )

1 2 .4 9

7 .2 4

1 .7 5

1 .0 0

2 4 ,8 8 6 .5 0

2 ,9 9 0

1 ,9 2 0

(3 3 0 )

(1 3 . 7 5 )

1 9 .2 0

1 3 .5 9

2 .3 1

1 .9 3

2 0 ,0 7 1 .3 2

6 ,3 7 5

9 ,0 5 0

6 ,2 5 0

(1 , 6 2 5 )

(2 0 . 3 1 )

1 8 .0 9

1 2 .1 3

2 9 7 ,5 0 0 .0 0

505

755

474

(8 5 )

(1 4 . 4 1 )

B R P T IJ

1 ,8 0 0

2 ,7 2 0

1 ,5 3 0

(4 6 0 )

(2 0 . 3 5 )

2 8 .8 9

-

2 .2 4

1 .6 5

0 .8 8

-

1 5 .4 9

2 .1 6

1 .0 5

-

7 ,1 7 0 .3 0
3 2 ,0 2 5 .4 2

14

B S D E IJ

1 ,3 9 5

1 ,9 6 5

1 ,3 9 0

(3 0 5 )

(1 7 . 9 4 )

6 .6 1

9 .0 1

1 .2 9

0 .9 7

2 6 ,8 4 9 .1 4

15

B U M I IJ

226

362

166

(4 4 )

(1 6 . 3 0 )

2 .5 7

2 .5 9

-

-

1 4 ,7 7 5 .6 4

16

EX C L IJ

1 ,7 1 0

(1 6 0 )

(5 . 4 1 )

8 5 .1 6

4 7 .1 7

1 .4 6

1 .3 4

2 9 ,9 2 6 .2 9

17

G G R M IJ

6 9 ,2 7 5

8 6 ,4 0 0

6 1 ,9 2 5

(1 4 , 5 2 5 )

(1 7 . 3 3 )

2 0 .8 0

1 5 .8 3

3 .8 2

2 .9 2

1 3 3 ,2 9 1 .2 0

18

H M S P IJ

3 ,6 4 0

5 ,5 5 0

3 ,2 3 0

(1 , 0 9 0 )

(2 3 . 0 4 )

4 3 .5 4

3 1 .5 7

1 6 .1 3

1 1 .9 7

4 2 3 ,3 9 7 .8 0

(3 . 3 7 )

2 7 .3 1

2 3 .9 8

5 .3 1

4 .6 2

1 0 0 ,2 9 2 .4 1

2 2 .9 3

1 .1 6

1 .5 6

4 3 ,0 2 4 .3 5

1 2 .4 3

2 .1 5

1 .6 3

5 5 ,5 3 6 .2 0

2 ,8 0 0

19

IC B P IJ

8 ,6 0 0

9 ,2 7 5

7 ,9 0 0

20

IN C O IJ

4 ,3 3 0

4 ,6 5 0

2 ,0 9 0

1 ,4 4 0

(3 0 0 )

4 9 .8 3

21

IN D F IJ

6 ,3 2 5

8 ,8 0 0

6 ,0 7 5

(1 , 3 0 0 )

(1 7 . 0 5 )

22

IN D Y IJ

3 ,3 2 0

4 ,6 3 0

790

23

IN TP IJ

1 3 ,6 0 0

2 3 ,9 5 0

1 2 ,5 0 0

(8 , 3 5 0 )

24

J S M R IJ

5 ,0 5 0

6 ,7 7 5

3 ,9 2 0

25

K L B F IJ

1 ,2 8 0

1 ,7 9 5

1 ,1 5 5

26

L P K R IJ

390

805

27

L P P F IJ

8 ,4 0 0

28

M N C N IJ

1 ,0 1 5

29

M YR X IJ

127

260

8 .5 0

1 6 .1 7
3 .5 0

5 .8 6

1 .2 7

1 .1 5

1 7 ,2 9 7 .8 4

(3 8 . 0 4 )

4 3 .4 5

2 8 .2 9

3 .2 9

2 .0 1

5 0 ,0 6 4 .7 5

(1 , 3 5 0 )

(2 1 . 0 9 )

2 1 .1 1

1 8 .4 4

3 .0 8

2 .2 1

3 6 ,6 5 2 .2 5

(4 1 0 )

(2 4 . 2 6 )

3 2 .9 6

2 3 .6 3

5 .9 6

4 .0 7

6 0 ,0 0 0 .1 6

322

(9 8 )

(2 0 . 0 8 )

1 8 .0 9

1 0 .3 4

0 .4 9

0 .4 1

9 ,0 0 4 .0 0

1 3 ,1 5 0

7 ,8 7 5

(1 , 6 0 0 )

(1 6 . 0 0 )

1 5 .2 9

1 1 .8 8

1 2 .5 3

6 .4 7

2 4 ,5 1 0 .5 1

1 ,8 2 5

850

(2 7 0 )

(2 1 . 0 1 )

1 1 .7 8

8 .7 5

1 .8 6

1 .3 5

1 4 ,4 9 0 .2 5

198

101

17

1 5 .4 5

-

-

-

1 1 ,0 1 1 .3 1

-

30

P G A S IJ

1 ,6 7 5

2 ,8 6 0

1 ,3 6 5

31

P TB A IJ

4 ,4 0 0

4 ,4 5 0

1 ,8 1 0

32

P TP P IJ

2 ,1 1 0

3 ,2 8 0

1 ,8 4 0

(5 3 0 )

(2 0 . 0 8 )

33

P W O N IJ

545

725

494

(1 4 0 )

(2 0 . 4 4 )

34

S C M A IJ

2 ,1 7 0

2 ,9 8 0

1 ,9 3 5

(3 1 0 )

35

S M G R IJ

6 ,9 2 5

1 1 ,7 7 5

6 ,5 0 0

36

S R IL IJ

344

414

302

37

S S M S IJ

1 ,2 9 0

1 ,5 8 0

1 ,0 0 5

38

TL K M IJ

3 ,9 1 0

4 ,7 9 6

39

TP IA IJ

4 ,9 4 0

6 ,6 7 5

40

TR A M IJ

358

432

78

-

-

41

U N TR IJ

3 2 ,9 7 5

4 0 ,5 0 0

2 7 ,9 2 5

(2 , 4 2 5 )

(6 . 8 5 )

1 7 .8 4

1 2 .5 6

2 .9 1

2 .3 7

1 2 3 ,0 0 1 .2 1

42

U N V R IJ

4 4 ,7 5 0

5 8 ,1 0 0

4 3 ,8 7 5

(1 1 , 1 5 0 )

(1 9 . 9 5 )

6 0 .8 9

4 4 .4 2

8 2 .4 4

5 4 .4 1

3 4 1 ,4 4 2 .5 0

43

W IK A IJ

1 ,4 5 5

2 ,1 9 0

1 ,2 1 0

(9 5 )

(6 . 1 3 )

1 1 .5 5

8 .6 7

1 .1 0

0 .9 3

1 3 ,0 5 1 .2 8

44

W S B P IJ

384

510

336

(2 4 )

(5 . 8 8 )

1 0 .5 6

7 .7 8

1 .4 7

1 .1 1

1 0 ,1 2 2 .6 8

W S K T IJ

2 ,0 0 0

3 ,1 5 0

1 ,7 7 0

(2 1 0 )

(9 . 5 0 )

7 .3 8

6 .2 0

2 .1 4

1 .5 4

2 7 ,1 4 7 .8 1

45

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

(7 5 )

2 0 .7 7

1 1 .5 3

0 .9 9

0 .8 9

4 0 ,6 0 4 .5 3

5 .7 9

1 0 .0 8

1 .9 1

2 .9 5

5 0 ,6 9 0 .9 0

1 1 .2 6

7 .4 8

1 .4 3

1 .0 4

1 3 ,0 8 1 .7 8

1 7 .6 2

1 1 .8 1

3 .2 0

2 .1 2

2 6 ,2 4 6 .9 8

(1 2 . 5 0 )

2 7 .2 4

1 9 .0 6

9 .3 0

6 .1 5

3 1 ,7 2 8 .8 7

(2 , 9 7 5 )

(3 0 . 0 5 )

2 9 .1 4

1 9 .2 4

4 1 ,0 7 5 .7 8

(3 6 )

(9 . 4 7 )

7 .2 6

(2 1 0 )

(1 4 . 0 0 )

1 8 .4 4

3 ,2 5 0

(4 8 9 )

(1 1 . 1 2 )

4 ,1 4 0

(1 , 0 6 0 )

(1 7 . 6 7 )

1 ,9 4 0

160

(4 . 2 9 )
7 8 .8 6

8 0 .8 1

2 .0 3

1 .3 6

1 .1 8

-

1 3 .3 0

3 .5 4

2 .6 6

1 2 ,2 8 7 .2 5

1 9 .6 8

1 6 .8 0

4 .7 0

3 .7 9

3 9 4 ,1 2 7 .9 9

2 3 .8 1

2 1 .2 5

4 .7 4

3 .4 1

8 8 ,0 9 7 .5 9

-

-

-

7 ,0 3 5 .5 5

1 7 ,7 6 8 .0 7

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

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 ( %)

P ro perty

(0.13)

(0.71)

(2.65)

(9.79)

B asic Industry

0.98

(0.20)

(3.89)

12.94

(0.79)

(1.29)

(2.53)

(6.23)

Finance

0.01

0.33

0.46

(10.03)

M iscellaneo us Industry

0.31

0.07

(5.23)

(14.91)

Co nsumer

(1.34)

(2.36)

0.69

(16.20)

Infrastructure

(1.30)

(1.66)

2.75

A griculture

0.33

0.60

(3.40)

(10.08)

1.10

2.25

5.52

28.81

J un- 18

M a y- 18

Trade

M ining

(9.11)

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 %)

1.90

3.61

Inflatio n Yo Y (in %)

3.12

3.23

Inflatio n M o M (in %)

0.59

0.21

119.80

122.91

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 ( %)

14,442.00

-

(3.53)

(6.14)

USD/CNY

6.78

(0.83)

(4.28)

(3.96)

USD/EUR

0.86

(0.14)

(0.71)

2.98

USD/JP Y

112.54

(0.06)

(1.94)

0.13

USD/SGD

1.37

0.15

(0.73)

(2.39)

USD/A UD

1.36

(0.25)

(0.08)

5.87

USD/GB P

0.77

(0.08)

1.15

3.73

Le nding a nd D e po s it R a t e s
JIB OR (in IDR)

( in %)
7.34

LIB OR (in GB P )

1.01

SIB OR ( in USD)

1.46

Indo nesia 5-Year Go vernment B o nds Yield

7.73

Indo nesia 10-Year Go vernment B o nds Yield

7.82

Indo nesia 15-Year Go vernment B o nds Yield

8.00

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

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 )

Mahk ota Gr oup Tbk
NFC I ndonesia Tbk

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

List in g

703.7

03/ 07/ 2018 - 09/ 07/ 2018

12- Jul- 18

166.7

03/ 07/ 2018 - 05/ 07/ 2018

10- Jul- 18

Pollux Pr oper ti I ndonesia Tbk

1247.8

03/ 07/ 2018 - 05/ 07/ 2018

11- Jul- 18

Siner gi Megah I nter nusa Tbk

1200.0

03/ 07/ 2018 - 05/ 07/ 2018

12- Jul- 18

400.0

02/ 07/ 2018 - 04/ 07/ 2018

09- Jul- 18

Batav ia Pr osper indo Tr ans 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

BMAS

8

St a t u s

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

I NAI

30

06/ 07/ 2018

09/ 07/ 2018

11/ 07/ 2018

02/ 08/ 2018

C SAP

4

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

I MAS

5

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

I MJS

1.2

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

KKGI

2

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

30/ 07/ 2018

KMTR

17.27

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

18/ 07/ 2018

MARI

12

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

RUI S

5

05/ 07/ 2018

06/ 07/ 2018

10/ 07/ 2018

01/ 08/ 2018

Right s I ssu e
T ick e r

Pr ice ( Rp )

Cu m Da t e

EX Da t e

T r a d in g

BBKP

3

Ra t io
:

10

570

06/ 07/ 2018

09/ 07/ 2018

13/ 07/ 2018 - 25/ 07/ 2018

PEGE

3

:

1

100

06/ 07/ 2018

09/ 07/ 2018

13/ 07/ 2018 - 19/ 07/ 2018

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

Pick s of Th e D a y
AALI - Daily 7/19/2018 4:08:00 PM Open 10525, Hi 10800, Lo 10525, Clos e 10650 (1.4%) MA(Clos e,50) = 11,717.00

15,500

15,000

14,500

14,000
13,500

13,000

12,500

12,000
11900

11,717
11,500

11450
11175

11,000

10925
10650
10325
10125
Jul
Aug
Sep
Oct
AALI - MACD(12,26) = -421.18, Signal(12,26,9) = -435.41

Jul

Aug

Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

10,650
10,500
10,000

9800
400
200
0

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

-200
-421.183
-400
-435.41

Jul

AALI - Stoch %K(15,3) = 24.53, Stoch %D(15,3,3) = 13.14
80

87.5266

24.5283
20
13.1381

AALI : TRAD I N G BUY
AALI berhasil break Resist ance 10.650, AALI berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 10.925, 11.175
dan 11.450 dalam j angka pendek. Nam un, j ika AALI gagal break Resist ance 10.925 m aka akan m encoba Support 10.650, 10.325
dan 10.125. AALI dilihat I ndikat or MACD m engindikasikan pola Golden cross.
Ent ry point
Exit point
St op Loss

: 10.650 — 10.750
: 10.925 ( 2.6% ) , 11.175 ( 4.9% )
: 10.325 ( - 3.1% )

LPPF - Daily 7/19/2018 4:14:00 PM Open 8150, Hi 8400, Lo 8125, Clos e 8400 (2.8%) MA(Clos e,50) = 8,932.00
13,000

12,500

12,000

11,500

11,000

10,500

10,000

9,500
9225
9000
8850
8750
8500
8375
8250
8125
8000
7875
Sep

Oct

Nov

Dec

2018

Feb

Mar

Apr

May

Jun

9,000
8,932

8,500
8,400
8,000

Jul
500

LPPF - MACD(12,26) = -235.67, Signal(12,26,9) = -248.29

0
-235.672
-248.292
-500
Sep
Oct
Nov
Dec
LPPF - Stoch %K(15,3) = 26.53, Stoch %D(15,3,3) = 21.77

2018

Feb

Mar

Apr

May

Jun

Jul
80

26.5306
20
21.7687

LPPF : TRAD I N G BUY
LPPF berhasil break Resist ance 8.250, LPPF berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 8.500, 8.750 dan
9.000, Nam un, j ika LPPF gagal break Resist ance 8.500 m aka akan m encoba Support 8.250 dan 8.125. LPPF dilihat I ndikat or
MACD dan St oc osc m engindikasikan pola Upt rend.
Ent ry point
Exit point
St op Loss

: 8.400 — 8.450
: 8.750 ( 4.2% ) , 9.000 ( 7.1% )
: 8.250 ( - 1.8% )

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

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
ACES - Daily 7/19/2018 4:05:00 PM Open 1315, Hi 1330, Lo 1310, Clos e 1325 (1.5%) MA(Clos e,50) = 1,266.40

1,450

1410

1,400
1380
1360
1345
1335
1320
1310
1290
1275
1250

1,350
1,325
1,300
1,266.4
1,250

1230
1,200

1,150

1,100

1,050

Aug
Sep
Oct
Nov
ACES - MACD(12,26) = 12.69, Signal(12,26,9) = 8.80

Dec

Aug
Sep
Oct
Nov
ACES - Stoch %K(15,3) = 70.83, Stoch %D(15,3,3) = 68.98

Dec

2018

Feb

Mar

Apr

May

Jun

Jul
60
40
20
12.6877
8.7971 0
-20

2018

Feb

Mar

Apr

May

Jun

Jul
80
70.8333
68.9815
20

ACES : TRAD I N G BUY
ACES berhasil break Resist ance 1.320, ACES t erbuka berpeluang unt uk m elanj ut kan penguat an dan m enguj i Resist ance 1.340,
1.360 dan 1.380 dalam j angka pendek. Nam un, j ika ACES gagal break di Resist ance 1.340 m aka akan m encoba Support 1.310
dan 1.290. ACES dilihat I ndikat or St oc osc m engindikasikan pola Golden Cross.
Ent ry point
Exit point
St op Loss

: 1.325 — 1.335
: 1.360 ( 2.6% ) , 1.380 ( 4.2% )
: 1.290 ( - 2.6% )

CTRA - Daily 7/19/2018 4:13:00 PM Open 1000, Hi 1020, Lo 1000, Clos e 1020 (1.5%) MA(Clos e,50) = 1,013.90

1,450

1,400
1,350

1,300

1,250
1,200

1,150

1100
1085

1,100

1050.09

1,050

1020

1,020
1,013.9
1,000

995
975
960

950

935
900

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

CTRA - MACD(12,26) = -10.14, Signal(12,26,9) = -13.63

50
-10.1372 0
-13.631
-50

Dec

2018

Feb

Mar

Apr

May

Jun

Jul

CTRA - Stoch %K(15,3) = 46.67, Stoch %D(15,3,3) = 35.07
80
46.6706
35.069
20

CTRA : TRAD I N G BUY
CTRA berhasil break Resist ance 1.020, CTRA berpeluang m enguj i Resist ance 1.050, 1.085 dan 1.100 dalam j angka pendek.
Nam un, j ika CTRA gagal break di Resist ance 1.050 m aka CTRA akan m encoba Support 1.020, 995 dan 975. CTRA dilihat I ndikat or
MACD dan St oc osc m engindikasikan pola Uptrend
Ent ry point
Exit point
St op Loss

: 1.020 — 1.030
: 1.050 ( 2.9% ) , 1.085 ( 6.4% )
: 995 ( - 2.5% )

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

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

PT Sinarmas Sekuritas

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RESEARCH ASSOCIATE
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Construction, Petrochemical, Healthcare
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RESEARCH ASSOCIATE

DEPUTY HEAD OF RESEARCH

Telecommunication, Tobacco, Poultry, Media

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Consumer Goods, Plantation, Pulp and Paper
Tel: +62 21 3925550 Ext: 611

Kenji Fanata

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kenji.fanata@sinarmassekuritas.co.id

wilbert@sinarmassekuritas.co.id

TECHNICAL ANALYST

EQUITY ANALYST

Tel: +62 21 3925550 Ext: 159

Richard Suherman
Commodities

Eddy Wijaya

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Tel: +62 21 3925550 Ext: 610

richard.suherman@sinarmassekuritas.co.id
EQUITY ANALYST

Richardson Raymond

Property, Industrial Estate

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richardson.raymond@sinarmassekuritas.co.id

DISCLAIMER
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ment 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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