9
1 Today’s Market: IHSG diperkirakan bergerak mixed dengan kecenderungan menguat. Bursa AS ditutup menguat perdagangan Kamis (12/08). Harga batubara stabil di level USD 65.50 per Mt. Crude oil turun ke level USD 54.96. per barrel. Rupiah menguat terhadap Dollar AS di level Rp 13.942. 10Yr Gov- ernment Bonds Yield turun ke level 7.25%. Dari global, European Central Bank (ECB) menurunkan suku bunga ke level -0.5%, dari sebelumnya -0.4%, dan akan mulai kembali melakukan pembelian obligasi senilai EUR 20bn mulai November 2019. Dari global, Presiden AS, Donald Trump, mengindikasikan sedang mempertimbangkan kesepaktan interim dengan China. Dari dalam negeri, Asosiasi Pengusaha Ritel Indonesia (APRINDO) menargetkan transaksi industri ritel tahun 2019 mencapai senilai Rp 258 triliun, atau tumbuh 10% dari realisasi tahun sebelumnya. Sehubungan dengan emiten, Adhi Karya (ADHI) mencat- atkan perolehan kontrak baru sebesar Rp 6,8 triliun hing- ga bulan Agustus 2019, atau sekitar 25% dari target. Sehubungan dengan emiten, Bukit Asam (PTBA) menghentikan sementara kegiatan eksplorasi hingga Maret 2020. PTBA hanya membatasi eksplorasi di area yang sudah memperoleh izin. Secara teknikal indeks hari Jumat (13/09), IHSG diprediksi bergerak di kisaran 6310-6400. Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner www.sinarmassekuritas.co.id See important disclaimer at the end of this report Friday, September 13, 2019 IDX Statistics Closing JCI 6,342.17 Transaction Value Regular M arket (IDR tn) 7.318 Transaction Volume Regular M arket (mn shares) 11,199 Foreign Net Buy (Sell) (IDR bn) (494) Foreign Net Buy (Sell) 4.01 Total M arket Capitalization (IDR tn) 7,302.09 LQ45 992.62 (0.99) 1.01 EIDO 25.89 0.19 4.31 IDX 23.16 0.35 6.44 DOW JONES 27,182.45 0.17 16.53 S&P 500 3,009.57 0.29 20.05 NASDAQ 8,194.47 0.30 23.50 FTSE 7,344.67 0.09 9.16 NIKKEI 21,759.61 0.75 8.72 HANG SENG 27,087.63 (0.26) 4.81 STRAITS TIMES 3,194.96 (0.30) 4.11 KLSE 1,601.00 (0.08) (5.30) USD/IDR 13,942.00 (0.85) (3.27) EUR/IDR 15,483.24 0.01 (6.63) JPY/IDR 129.10 (0.74) (1.39) SGD/IDR 10,160.00 (0.35) (4.10) AUD/IDR 9,607.65 (0.56) (6.18) GBP/IDR 17,257.26 (0.43) (6.56) Crude Oil (USD/barrel) 54.96 7:56:32 AM 21.03 Coal (USD/mn tons) 65.50 9/12/2019 (35.82) Natural Gas (USD/mmBtu) 2.58 7:56:32 AM (12.28) Gold (USD/ounce) 1,498.26 8:06:31AM 16.81 Nickel (USD/mn tons) 18,010.00 7:54:15 A M 68.48 Tins (USD/mn tons) 17,125.00 9/12/2019 (12.07) CPO (MYR/mn tons) 2,105.00 9/12/2019 5.04 Rubber (JPY/kg) 166.00 7:31:29 A M (3.49) Wheat (USD/bushel) 485.75 9/12/2019 (3.48) Corn (USD/bushel) 354.50 9/12/2019 (5.47) Price Last Transaction YTD Chg (%) Commodities Other Indices Closing 1-Day Chg (%) YTD Chg (%) Currency Spot Rate Rate (IDR) 1-Day Chg (%) YTD Chg (%) IHSG turun sebanyak 39.8 poin (0.62%) ke level 6342.17. Sementara LQ45 turun sebanyak 9.9 poin (0.99%) ke level 992.62. Foreign net sell sebesar Rp 494.15 miliar. 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Millions Volume JCI Index

Gold (USD/ounce) 1,498.26 8:06:31 AM 16.81 Nickel …financial.sinarmassekuritas.co.id/info/research/Tahun...II Fase II tahun 2017 dan Obligasi Berkelanjutan III tahun 2018. Source:

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1

Today’s Market:

IHSG diperkirakan bergerak mixed dengan kecenderungan

menguat. Bursa AS ditutup menguat perdagangan Kamis

(12/08). Harga batubara stabil di level USD 65.50 per Mt.

Crude oil turun ke level USD 54.96. per barrel. Rupiah

menguat terhadap Dollar AS di level Rp 13.942. 10Yr Gov-

ernment Bonds Yield turun ke level 7.25%.

Dari global, European Central Bank (ECB) menurunkan

suku bunga ke level -0.5%, dari sebelumnya -0.4%, dan

akan mulai kembali melakukan pembelian obligasi senilai

EUR 20bn mulai November 2019.

Dari global, Presiden AS, Donald Trump, mengindikasikan

sedang mempertimbangkan kesepaktan interim dengan

China.

Dari dalam negeri, Asosiasi Pengusaha Ritel Indonesia

(APRINDO) menargetkan transaksi industri ritel tahun

2019 mencapai senilai Rp 258 triliun, atau tumbuh 10%

dari realisasi tahun sebelumnya.

Sehubungan dengan emiten, Adhi Karya (ADHI) mencat-

atkan perolehan kontrak baru sebesar Rp 6,8 triliun hing-

ga bulan Agustus 2019, atau sekitar 25% dari target.

Sehubungan dengan emiten, Bukit Asam (PTBA)

menghentikan sementara kegiatan eksplorasi hingga

Maret 2020. PTBA hanya membatasi eksplorasi di area

yang sudah memperoleh izin.

Secara teknikal indeks hari Jumat (13/09), IHSG diprediksi

bergerak di kisaran 6310-6400.

Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner

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

Friday, September 13, 2019

ID X Stat ist ics C lo sing

JCI 6,342.17

Transaction Value Regular M arket (IDR tn) 7.318

Transaction Volume Regular M arket (mn shares) 11,199

Foreign Net Buy (Sell) (IDR bn) (494)

Foreign Net Buy (Sell) 4.01

Total M arket Capitalization (IDR tn) 7,302.09

LQ45 992.62 (0.99) 1.01

EIDO 25.89 0.19 4.31

IDX 23.16 0.35 6.44

DOW JONES 27,182.45 0.17 16.53

S&P 500 3,009.57 0.29 20.05

NASDAQ 8,194.47 0.30 23.50

FTSE 7,344.67 0.09 9.16

NIKKEI 21,759.61 0.75 8.72

HANG SENG 27,087.63 (0.26) 4.81

STRAITS TIM ES 3,194.96 (0.30) 4.11

KLSE 1,601.00 (0.08) (5.30)

USD/IDR 13,942.00 (0.85) (3.27)

EUR/IDR 15,483.24 0.01 (6.63)

JPY/IDR 129.10 (0.74) (1.39)

SGD/IDR 10,160.00 (0.35) (4.10)

AUD/IDR 9,607.65 (0.56) (6.18)

GBP/IDR 17,257.26 (0.43) (6.56)

Crude Oil (USD/barrel) 54.96 7:56:32 AM 21.03

Coal (USD/mn tons) 65.50 9/12/2019 (35.82)

Natural Gas (USD/mmBtu) 2.58 7:56:32 AM (12.28)

Gold (USD/ounce) 1,498.26 8:06:31 AM 16.81

Nickel (USD/mn tons) 18,010.00 7:54:15 AM 68.48

Tins (USD/mn tons) 17,125.00 9/12/2019 (12.07)

CPO (M YR/mn tons) 2,105.00 9/12/2019 5.04

Rubber (JPY/kg) 166.00 7:31:29 AM (3.49)

Wheat (USD/bushel) 485.75 9/12/2019 (3.48)

Corn (USD/bushel) 354.50 9/12/2019 (5.47)

P riceLast

T ransact io n

YT D

C hg (%)C o mmo dit ies

Other Indices C lo sing 1-D ay C hg (%)YT D

C hg (%)

C urrency Spo t R ate R ate ( ID R ) 1-D ay C hg (%)YT D

C hg (%)

IHSG turun sebanyak 39.8 poin (0.62%) ke level 6342.17.

Sementara LQ45 turun sebanyak 9.9 poin (0.99%) ke level

992.62. Foreign net sell sebesar Rp 494.15 miliar.

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19

Millio

ns

Volume JCI Index

2

Daily Corporate and Industry News

Bank sentral Malaysia pada Kamis memutuskan untuk mempertahankan suku bunga acuan, overnight policy rate (OPR) tak berubah pada tiga persen. Source: IQPlus Perusahaan yang menyelenggarakan kegiatan vokasi, bisa segera mendapatkan fasilitas pengurangan pajak pengha-silan super hingga 200% dari biaya yang dikeluarkan setelah berlakunya Peraturan Menteri Keuangan (PMK) yang mengatur insentif tersebut pada 9 September 2019. Source: Kontan Asosiasi Pengusaha Ritel Indonesia (APRINDO) menargetkan transaksi industri ritel tahun 2019 mencapai senilai Rp 258 triliun. Source: Kontan Pemeringkat Efek Indonesia (Pefindo) mempertahankan peringkat “idA” untuk Summarecon Agung (SMRA) dengan prospek stabil. Peringkat tersebut juga diberikan untuk Obligasi Berkelanjutan II tahun 2015, Obligasi Berkelanjutan II Fase II tahun 2017 dan Obligasi Berkelanjutan III tahun 2018. Source: Investor Daily Pemeringkat Efek Indonesia (Pefindo) mempertahankan peringkat tertinggi untuk Bank CIMB Niaga (BNGA) dengan peringkat “AAA”. Hal tersebut mencerminkan kuatnya profil bisnis perseroan dengan jaringan yang luas. Source: In-vestor Daily Telekomunikasi Indonesia (TLKM) melalui unit bisnis modal venturanya, MDI Ventures, bersiap menandatangani ker-ja sama dengan bank asal Korea Selatan, KB Kookmin Bank. Perseroan menargetkan mampu mengelola dana lebih dari USD 100 juta pada kolaborasi ini. Source: Investor Daily Adhi Karya (ADHI) mencatatkan perolehan kontrak baru sebesar Rp 6,8 triliun hingga bulan Agustus 2019. Source: IQPlus Sarana Menara Nusantara (TOWR) mengatakan pihaknya masih mengikuti proses lelang menara yang ditawarkan PT Indosat Ooredoo Tbk. (ISAT). Source: Bisnis Indonesia Bukit Asam (PTBA) menghentikan sementara kegiatan eksplorasi hingga Maret 2020. PTBA hanya membatasi ek-splorasi di area yang sudah memperoleh izin. Source: Kontan Lippo Karawaci (LPKR) akan melakukan non deal roadshow (NDR) ke beberapa negara. Dikabarkan dalam roadshow, LPKR akan mempresentasikan rencana penerbitan obligasi. Source: Kontan PT Shine Golden Bridge menggugat dan mengajukan PKPU enam entitas Duniatex Group ke Pengadilan Niaga Sema-rang. Source: Kontan PT Delta Merlin Dunia Textile (DMDT), tidak mampu membayar kupon obligasi global. Kelompok usaha itu juga ten-gah dibawa ke ranah hukum karena masalah tersebut. Source: Bisnis Indonesia PT Itama Ranoraya menargetkan perolehan dana Rp 126-150 miliar dari rencana penawaran umum perdana saham. Perseroan akan melepas sebanyak 400 juta saham baru dengan harga penawaran berkisar Rp 315-375 per saham. Source: Investor Daily

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

3

World Equity Indices

Source: Bloomberg, Sinarmas Investment Research

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

WOR LD EQUIT Y IN D IC ES

N O T IC KER

1 INDU Index 27,398.68 21,712.53 3,854.99 16.53 18.15 17.95 4.08 3.94 7,536.77 7,536.77

2 SPX Index 3,027.98 2,346.58 502.72 20.05 19.71 18.25 3.43 3.27 25,983.98 25,983.98

3 CCM P Index 8,339.64 6,190.17 1,559.19 23.50 31.94 24.77 3.83 4.52 12,692.75 12,692.75

4 SPTSX Index 16,696.40 13,776.88 2,320.42 16.20 16.86 15.30 1.79 1.74 2,552.12 1,932.83

5 M EXBOL Index 50,041.60 38,265.51 1,030.14 2.47 16.00 14.08 2.08 1.81 5,327.32 274.15

6 SX5E Index 3,573.57 2,908.70 537.44 17.91 17.99 14.59 1.69 1.62 3,131.42 3,465.86

7 UKX Index 7,727.49 6,536.53 616.54 9.16 17.88 12.94 1.73 1.68 1,964.48 2,425.93

8 CAC Index 5,672.77 4,555.99 912.17 19.28 19.44 15.07 1.67 1.60 1,732.95 1,918.03

9 DAX Index 12,656.05 10,279.20 1,851.29 17.53 20.70 14.55 1.61 1.53 1,147.41 1,269.95

10 IBEX Index 9,665.40 8,286.20 542.40 6.35 13.01 12.00 1.30 1.23 568.23 628.92

11 FTSEM IB Index 22,357.39 17,914.03 3,759.14 20.51 13.32 11.19 1.15 1.10 502.79 556.49

12 AEX Index 586.32 472.19 86.91 17.81 17.00 16.42 1.89 1.87 685.51 758.72

13 SM I Index 10,140.93 8,138.56 1,664.79 19.75 22.17 17.08 2.71 2.43 1,219.69 1,233.25

14 AS51 Index 6,875.50 5,410.20 1,027.00 18.19 19.48 17.07 2.15 2.08 1,979.95 1,361.02

15 AS30 Index 6,958.70 5,478.40 1,074.10 18.81 19.78 16.96 2.10 2.06 2,167.66 1,490.05

16 SHSZ300 Index 4,126.09 2,935.83 961.73 31.94 14.42 12.94 1.83 1.71 31,578.92 4,460.68

17 SHASHR Index 3,444.44 2,555.84 564.24 21.61 14.71 11.92 1.52 1.38 33,592.13 4,745.05

18 SZASHR Index 1,881.65 1,267.27 432.90 32.66 36.66 19.31 2.52 2.53 22,660.53 3,200.91

19 HSI Index 30,280.12 24,540.63 1,241.93 4.81 10.46 10.83 1.20 1.18 17,581.26 2,246.66

20 HSCEI Index 11,881.68 9,731.89 467.62 4.62 8.41 8.48 1.11 1.09 12,375.49 1,581.43

21 SENSEX Index 40,312.07 33,291.58 1,035.95 2.87 25.78 19.01 2.79 2.66 66,167.66 932.21

22 NIFTY Index 12,103.05 10,004.55 120.25 1.11 23.25 18.08 2.70 2.56 80,213.19 1,130.10

23 JCI Index 6,636.33 5,623.84 147.68 2.38 20.10 15.46 2.10 2.29 7,302,085.01 524.27

24 LQ45 Index 1,059.65 871.05 9.89 1.01 16.36 15.80 2.45 2.34 4,759,218.43 341.70

25 KSE100 Index 42,243.83 28,670.98 (5,520.06) (14.89) 7.65 5.70 1.01 0.88 5,398.91 34.57

26 NKY Index 24,448.07 18,948.58 1,925.40 9.62 15.57 15.86 1.66 1.57 361,679.16 3,347.95

27 NEY Index 366.42 284.63 25.59 8.50 13.43 11.82 1.08 1.02 425,975.42 3,943.12

28 TPX Index 1,838.30 1,408.89 108.16 7.24 14.04 13.06 1.16 1.13 607,300.41 5,621.59

29 FBM KLCI Index 1,813.53 1,572.03 (89.58) (5.30) 19.40 16.70 1.62 1.46 1,026.61 246.42

30 NZSE Index 1,892.54 1,488.82 306.63 20.03 26.40 24.76 2.25 1.69 151.50 97.22

31 PCOM P Index 8,419.59 6,790.58 478.41 6.41 17.84 17.15 2.05 1.95 9,941.13 191.73

32 FSSTI Index 3,415.18 2,955.68 126.20 4.11 12.56 12.76 1.07 1.08 553.02 402.40

33 KOSPI Index 2,356.62 1,891.81 8.16 0.40 13.22 13.23 0.81 0.87 1,319,434.85 1,116.00

34 TWSE Index 11,097.00 9,319.28 1,100.14 11.31 17.15 16.40 1.65 1.71 32,533.52 1,053.68

35 SET Index 1,766.62 1,546.62 96.80 6.19 19.15 16.72 1.85 1.84 17,104.02 561.95

36 SET50 Index 1,166.78 1,031.45 58.99 5.65 18.44 16.96 2.09 1.95 11,823.32 388.45

37 VNINDEX Index 1,024.68 861.85 83.53 9.36 16.59 16.32 2.39 2.61 3,299,605.91 142.17

A sia/ P acif ic

A merica

52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)

Euro pe

H IGH LOW P OIN T %T railing

12M2019E

T railing

12M2019E

D o main

C urrencyUSD

4

LQ45

Source: Bloomberg, Sinarmas Investment Research

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

LQ45 Index

HIGH LOW POINT %Trailing

12M2019E

Trailing

12M2019E

1 ADRO IJ 1,435 1,900 1,010 220 18.11 6.35 7.92 0.87 0.84 45,899,855

2 AKRA IJ 4,040 5,875 3,290 (250) (5.83) 22.34 16.55 1.96 1.86 16,219,367

3 ANTM IJ 1,120 1,175 595 355 46.41 33.63 19.42 1.35 1.30 26,914,456

4 ASII IJ 6,750 8,775 6,250 (1,475) (17.93) 12.95 12.47 1.96 1.81 273,263,984

5 BBCA IJ 30,100 31,450 22,175 4,100 15.77 27.18 25.52 4.65 4.29 742,115,777

6 BBNI IJ 7,875 10,250 6,675 (925) (10.51) 9.65 9.17 1.29 1.23 146,858,170

7 BBRI IJ 4,280 4,730 2,870 620 16.94 15.56 14.62 2.78 2.60 527,920,067

8 BBTN IJ 2,210 2,860 1,990 (330) (12.99) 8.71 8.61 0.95 0.92 23,403,900

9 BMRI IJ 7,150 8,175 6,175 (225) (3.05) 12.65 11.98 1.80 1.69 333,666,667

10 BRPT IJ 1,050 1,105 308 572 119.67 83.28 75.33 5.65 2.43 93,460,510

11 BSDE IJ 1,370 1,580 930 115 9.16 8.75 11.06 0.92 0.90 26,367,974

12 BTPS IJ 3,060 3,660 1,595 1,265 70.47 23.54 18.91 5.90 4.60 23,573,322

13 CPIN IJ 5,200 8,825 4,190 (2,025) (28.03) 22.17 23.32 4.45 4.00 85,269,600

14 CTRA IJ 1,105 1,335 740 95 9.41 15.74 19.42 1.41 1.35 20,509,135

15 ERAA IJ 1,800 2,630 965 (400) (18.18) 11.19 12.42 1.24 1.10 5,742,000

16 EXCL IJ 3,350 3,660 1,875 1,370 69.19 - 65.37 1.92 1.87 35,804,667

17 GGRM IJ 68,275 100,975 65,500 (15,350) (18.36) 15.42 14.15 2.96 2.69 131,367,108

18 HMSP IJ 2,820 4,080 2,570 (890) (23.99) 23.15 22.35 11.52 8.95 328,016,977

19 ICBP IJ 11,925 12,125 8,300 1,475 14.11 28.60 28.04 6.10 5.89 139,068,253

20 INCO IJ 3,850 4,320 2,410 590 18.10 523.37 55.24 1.48 1.67 38,254,904

21 INDF IJ 7,550 8,050 5,500 100 1.34 13.93 14.31 1.90 1.87 66,292,220

22 INDY IJ 1,510 2,980 1,155 (75) (4.73) 34.91 7.74 0.62 0.60 7,867,390

23 INKP IJ 7,075 18,750 5,325 (4,475) (38.74) 7.04 - 0.72 - 38,707,204

24 INTP IJ 20,325 22,875 15,475 1,875 10.16 52.29 47.18 3.43 3.17 74,821,034

25 ITMG IJ 14,075 27,350 11,700 (6,175) (30.49) 4.83 7.01 1.25 1.26 15,903,694

26 JPFA IJ 1,630 3,100 1,280 (520) (24.19) 10.08 11.10 1.96 1.76 19,114,318

27 JSMR IJ 5,400 6,450 3,800 1,120 26.17 17.68 18.71 2.22 2.09 39,192,504

28 KLBF IJ 1,690 1,690 1,190 170 11.18 31.70 30.36 5.40 4.94 79,218,956

29 LPPF IJ 3,060 7,350 2,940 (2,540) (45.36) 9.53 5.34 4.74 3.15 8,582,943

30 MEDC IJ 760 1,095 615 75 10.95 - 10.91 0.77 0.70 13,561,479

31 MNCN IJ 1,300 1,495 675 610 88.41 7.89 8.87 1.53 1.52 18,558,935

32 PGAS IJ 1,995 2,720 1,775 (125) (5.90) 16.29 14.31 1.38 1.24 48,361,809

33 PTBA IJ 2,620 5,025 2,350 (1,680) (39.07) 5.86 5.85 1.60 1.61 30,184,127

34 PTPP IJ 1,885 2,550 1,330 80 4.43 8.45 7.20 0.91 0.80 11,686,807

35 PWON IJ 675 815 432 55 8.87 11.70 12.39 2.39 2.13 32,507,732

36 SCMA IJ 1,315 2,030 1,145 (555) (29.68) 13.52 12.63 3.87 3.60 19,420,946

37 SMGR IJ 12,475 14,450 8,500 975 8.48 28.55 35.43 2.44 2.32 73,995,712

38 SRIL IJ 332 378 312 (26) (7.26) 5.27 4.76 0.85 - 6,790,123

39 TKIM IJ 10,200 14,950 5,575 (900) (8.11) 11.24 - 1.72 - 31,754,880

40 TLKM IJ 4,170 4,500 3,323 472 12.77 20.24 19.11 4.40 3.83 413,089,443

41 TPIA IJ 9,300 9,350 4,300 3,375 56.96 94.42 111.21 6.68 6.48 165,851,738

42 UNTR IJ 23,050 35,525 19,650 (4,300) (15.72) 7.66 7.67 1.57 1.43 85,979,615

43 UNVR IJ 46,075 50,525 38,900 675 1.49 37.90 47.10 69.27 52.31 351,552,250

44 WIKA IJ 2,070 2,500 1,095 415 25.08 8.81 9.29 1.21 1.12 18,567,799

45 WSKT IJ 1,765 2,230 1,415 85 5.06 12.16 7.02 1.33 1.17 23,958,024

MARKET CAP

(Mn)LQ45 Index

CHANGE YTD PER (x) PBV (x)

12-Sep-19

52-WEEK

5

Macro data

Source: Bloomberg, Sinarmas Investment Research

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

D escript io n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%)

Property 0.12 0.81 4.26 11.67

Basic Industry (0.92) 1.38 11.52 5.98

Trade (0.55) 0.12 2.58 3.94

Finance (0.29) 0.86 (0.06) 7.59

M iscellaneous Industry (2.03) 0.90 0.29 (14.08)

Consumer (0.37) 0.37 1.72 (7.79)

Infrastructure (1.37) (1.03) (0.25) 12.25

Agriculture (0.49) 0.23 (4.17) (13.53)

M ining (1.09) 1.68 6.48 (3.98)

A ug-19 Jul-19

2.48 3.61

3.49 3.32

0.12 0.31

126.40 125.90

F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%)

USD/IDR 13,944.00 - 2.73 3.27

USD/CNY 7.08 0.51 (0.30) (2.84)

USD/EUR 0.90 (0.01) 0.97 3.62

USD/JPY 108.21 (0.10) (1.36) 1.37

USD/SGD 1.37 0.02 0.62 (0.87)

USD/AUD 1.46 (0.04) (1.03) 2.62

USD/GBP 0.81 0.02 (2.21) 3.44

( in %)

6.38

0.93

1.46

6.69

7.25

7.69

Inflation M oM (in %)

Foreign Reserves (in USD bn)

Secto rs

Eco no mic Indicato rs

Inflation YTD (in %)

Eco no mic P arameters

Inflation YoY (in %)

Indonesia 5-Year Government Bonds Yield

Indonesia 10-Year Government Bonds Yield

Indonesia 15-Year Government Bonds Yield

Lending and D epo sit R ates

JIBOR (in IDR)

LIBOR (in GBP)

SIBOR ( in USD)

Technical Corner

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

JCI : MIXED MENGUAT

Last price : 6.342

Support : 6.338, 6.310

Resistance : 6.400, 6.440

JCI pada hari ini kami perkirakan akan bergerak MIXED MENGUAT dengan range 6.310 - 6.400. JCI kemarin(12/9) gagal break Resistance 6.400 dan akan Support berada 6.338 dan 6.310. Jika bertahan di atas Support6.338, JCI akan kembali mencoba Resistance 6.400 dan 6.440. Indikator MACD mengindikasikan pola Uptrend.Stochastic menunjukkan pola Deathcross.

Jakarta Composite Index (JCI)

Summary of portfolio:

Stock Recommendation Comment

BBNI TAKE PROFIT BBNI telah mencapai target price. BBNI gagal bertahan di atas levelResistance 8.025. BBNI berpeluang mencoba Support 7.825 dan 7.725.

WEGE BUY ON WEAKNESS WEGE berhasil bertahan di atas Support 336 dan berpeluang mengujiResistance 356 dan 362, dengan Support 336 dan 330.

BSDE BUY ON WEAKNESS BSDE berhasil break Resistance 1.350 dan berpeluang melanjutkan penguatandengan mencoba Resistance 1.390 dan 1.415.

ASII TAKE PROFIT ASII telah mencapai target price. ASII gagal bertahan di atas Resistance6.850 dan berpeluang menguji Support 6.725 dan 6.625.

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Jun Jul Aug Sep

5,900

5,950

6,000

6,050

6,100

6,150

6,200

6,250

6,300

6,350

6,400

6,450

6,500

6,550

6,600

6338

6400

6245

6190

6370

6280

6221

6310

6100

6161

6440

COMPOSITE - Daily 9/12/2019 4:00:00 PM Open 6399, Hi 6413.06, Lo 6337.52, Close 6342.17 (-0.6%) MA(Close,50) = 6,320.25

6,342.17 6,320.25

Jun Jul Aug Sep

-100

-50

0

50COMPOSITE - MACD(12,26) = 13.22, Signal(12,26,9) = 1.90 13.2244 1.90142

0

20

40

60

80

100COMPOSITE - Stochastic %D(15,3,3) = 92.98, Stochastic %K(15,3) = 90.13 92.9827 90.1284

Bank Negara Indonesia Tbk (BBNI)

Wijaya Karya Bangunan Gedung Tbk (WEGE)

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BBNI : TAKE PROFIT

Last price : 7.875Target price : 8.025 (3.5%)

BBNI telah mencapai target price. BBNI gagal bertahan di atas level Resistance 8.025. BBNI berpeluang mencobaSupport 7.825 dan 7.725. Indikator MACD dan Stochastic mengindikasikan pola Uptrend.

WEGE : BUY ON WEAKNESS

Last price : 342Target price : 362 (5.8%)Entry price : 336-340Stop loss : 330 (-3.5%)

WEGE berhasil bertahan di atas Support 336 dan berpeluang menguji Resistance 356 dan 362, dengan Support 336dan 330. Indikator MACD mengindikasikan pola Reversal.

Support : 7.825, 7.725Resistance : 8.025, 8.150

Support : 336, 330Resistance : 356, 362

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Jun Jul Aug Sep

7,200

7,400

7,600

7,800

8,000

8,200

8,400

8,600

8,800

9,000

9,200

8675

8575

8475

8150

8825

8025

8350

7825

7475

7625

7725

7925

BBNI - Daily 9/12/2019 4:12:00 PM Open 8100, Hi 8125, Lo 7875, Close 7875 (-1.6%) MA(Close,50) = 8,180.50

7,875

8,180.5

Jun Jul Aug Sep-300-200-100

0 100

BBNI - MACD(12,26) = -96.73, Signal(12,26,9) = -172.37

-96.7301-172.374

0

20

40

60

80

BBNI - Stochastic %D(15,3,3) = 74.04, Stochastic %K(15,3) = 87.73

74.041

87.7315

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Jun Jul Aug Sep

270

280

290

300

310

320

330

340

350

360

370

380

390

400

410

322

350

314

336

330

342

370

362

374

380

388

WEGE - Daily 9/12/2019 Open 348, Hi 350, Lo 338, Close 342 (-0.6%) MA(Close,50) = 350.16

342

350.16

Jun Jul Aug Sep-20

-10

0 10

WEGE - MACD(12,26) = -4.28, Signal(12,26,9) = -0.72

-4.2829-0.720638

20

40

60

80

100WEGE - Stochastic %D(15,3,3) = 15.60, Stochastic %K(15,3) = 17.62

15.5979 17.6155

BSDE : BUY ON WEAKNESS

Last price : 1.370Target price : 1.415 (3.3%)Entry price : 1.350Stop loss : 1.310 (-3.0%)

BSDE berhasil break Resistance 1.350 dan berpeluang melanjutkan penguatan dengan mencoba Resistance 1.390 dan1.415. Support berada pada level 1.350 dan 1.320. BSDE dilihat dari indikator MACD dan Stoc osc mengindikasikanpola Uptrend.

ASII : TAKE PROFIT

Last price : 6.750Target price : 6.950 (3.7%)

ASII telah mencapai target price. ASII gagal bertahan di atas Resistance 6.850 dan berpeluang menguji Support 6.725dan 6.625. ASII dilihat dari indikator MACD pola Uptrend. Stochastic membentuk pola Deathcross (Overbought).

Support : 1.350, 5.075Resistance : 1.390, 1.415

Support : 6.725, 6.625Resistance : 6.850, 6.950

Astra International Tbk (ASII)

Bumi Serpong Damai Tbk (BSDE)

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

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Jun Jul Aug Sep

6,200

6,300

6,400

6,500

6,600

6,700

6,800

6,900

7,000

7,100

7,200

7,300

7,400

7,500

7,600

7,700

7050

6950

6850

6725

6625

65256475

6400

7150

ASII - Daily 9/12/2019 4:14:00 PM Open 6900, Hi 6925, Lo 6750, Close 6750 (-2.5%) MA(Close,50) = 6,873.00

6,750

6,873

Jun Jul Aug Sep-200

-100

0

100ASII - MACD(12,26) = -17.89, Signal(12,26,9) = -74.75

-17.8887-74.7512

0

20

40

60

80

100ASII - Stochastic %D(15,3,3) = 87.56, Stochastic %K(15,3) = 86.03 87.5641 86.0256

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Jun Jul Aug Sep

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1470

1515

1445

1490

1555

1580

1645

14301410

1350

1390

1333.15

BSDE - Daily 9/12/2019 Open 1360, Hi 1390, Lo 1360, Close 1370 (1.1%) MA(Close,50) = 1,390.20

1,370

1,390.2

Jun Jul Aug Sep-50

0

50BSDE - MACD(12,26) = -10.37, Signal(12,26,9) = -13.15

-10.3695-13.1518

20

40

60

80

100BSDE - Stochastic %D(15,3,3) = 19.18, Stochastic %K(15,3) = 28.45

19.1845 28.4483

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