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OSODaily 19 Juli 2019

ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX

6,403.29 8.69

0.14% Previous 6,394.61 Lowest

6,375.62

Highest 6,407.26 Val IDR bn

10,282 Volbn 18,998 Mkt Cap IDRtr

7,340.29

Net Forg 1DIDRbn (309.78) Net ForgYTDIDRbn

71,323.87 Return YTD (%) 3.37 Month to date (%)

0.70

Indices

Last Chg% YTD% Americas

Dow Jones United States 27,222.97 0.01 16.70 S&P 500 United States 2,995.11 0.36 19.48 Nasdaq United States 8,207.24 0.27 23.69 EIDO United States 26.61 1.18 7.21 EMEA

FTSE 100 United Kingdom 7,493.09 (0.56) 11.37

CAC 40 France 5,550.55 (0.38) 17.33 D DAX Germany 12,227.85 (0.92) 15.81

Asia Pacific Nikkei Japanese 21,046.24 1.15 6.36 Shanghai China 2,931.69 (1.04) 16.33 TWSE Taiwan 10,799.28 1.00 12.13 KOSPI Korea 2,066.55 0.67 1.93 KLSE Malaysia 1,657.53 (0.52) (2.46) ST – Times Singapore 3,364.87 (0.11) 9.52 Sensex India 39,215.64 (0.81) 7.84 Hangseng Hongkong 28,593.17 (0.46) 10.12

Sectoral Previous Last Chg% YTD% AGRICULTURE 1,360.70 1,359.78 (0.07) (13.08) MINING 1,639.71 1,655.43 0.96 (6.81) MISC INDUSTRY 1,259.82 1,264.89 0.40 (9.29) BASIC INDUSTRY 799.89 816.02 2.02 (4.53) CONSUMER GOODS 2,371.49 2,385.82 0.60 (7.14) PROPERTY 495.22 495.52 0.06 10.67 INFRASTRUKTUR 1,230.34 1,233.63 0.27 15.91 FINANCE 1,326.34 1,316.82 (0.72) 12.01 MANUFAKTURE 1,493.80 1,507.96 0.95 (6.81) TRADE 817.49 816.86 (0.08) 4.21 LQ 45 1,023.97 1,025.29 0.13 4.33

Commodities Previous Lastest Chg% YTD% Oil (USD/bbl) 57.62 56.78 (1.46) 24.47 Nickel (USD/mt. ton) 13,665.00 14,070.00 2.96 35.17 Tins (USD/mt. ton) 17,900.00 18,000.00 0.56 (7.96) Gold (USD tr.oz) 1,406.28 1,426.63 1.45 11.34 Copper (USD/mt.ton) 5,983.00 6,012.00 0.48 0.25 CPO (MYR/ton) 1,900.00 1,918.00 0.95 (4.09) Coal (USD/ton) 74.70 73.75 (1.27) (27.07)

Currencies

Last Chg% YTD% IDR / USD

13,942.00 0.29 3.21

IDR / AUD

9,859.96 (0.60) 3.10 IDR / EUR

15,700.44 (0.16) 4.75

IDR /SGD

10,274.87 (0.02) 2.73 IDR / JPY

129.66 (0.40) 0.75

IDR / GBP

17,492.98 (0.87) 4.72 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.50 1.60 3.20 Euro Area 0.00 1.30 1.20 United Kingdom 0.75 2.00 1.80 Japan 0.10 0.70 0.90 China 4.35 2.70 6.20 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 6.53 (0.05) (17.47) GovBonds (10y) 7.13 (0.07) (11.10)

Inflasi YoY 3.28

Inflasi MoM 0.55 Bi rate 5.75 GDP Growth YoY (%) 5.07

Foreign Reserve (Bn) 123.80 Government Bonds Yield% Wow% Ytd% 7 Year 6.93 6.93 6.93 15 Year 7.50 7.50 7.50 20 Year 7.69 7.69 7.69 30 Year 7.98 7.98 7.98

Source: Bloomberg LP & OSO Research Team

Market Review Pada perdagangan kemarin (18/07) IHSG ditutup menguat sebesar 0.14% ke level 6.403.29. Tujuh dari sepuluh indeks sektoral berakhir dalam zona hijau, dimana sektor Industri Dasar dan Manufaktur memimpin pelemahan masing-masing sebesar 2.02% dan 0.95%. Adapun saham yang menjadi penggerak indeks diantaranya ; UNVR, TPIA, INKP, INTP, ASII. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 347 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.29% ke level 13,942.

Global Review Pada perdagangan semalam (18/07) bursa saham Wall Street kompak ditutup dalam zona hijau, dimana Dow Jones naik.0.01%, S&P 500 menguat 0.36% dan Nasdaq positif 0.27%. Penguatan tersebut terjadi setelah adanya komentar dari salah satu petinggi The Fed, John William yang memperkuat harapan para pelaku pasar bahwa The Fed akan memangkas suku bunga acuanya pada pertemuan akhir bulan ini. Selain itu, kenaikan tersebut juga terjadi ditengah penurunan pada harga saham Netflix Inc yang melamah lebih dsri 10% pasca perusahaan merilis laporan keuangan semester I 2019 yang kurang memuaskan. JCI Prediction

IHSG ditutup turun sebesar 0.1% ke level 6.403. IHSG

ditutup bullish candle. Adapun indikator Stochastic

bearish dan MACD histogram bergerak negatif dengan

Volume meningkat. Kami perkirakan IHSG berpeluang

menguat dengan pergerakan di kisaran 6.394 – 6.482.

Major Economic Release

Balance of Trade Japan pada Juni 2019 tercatat surplus senilai ¥589 miliar dibandingkan sebelumnya defisit senilai ¥968 miliar.

Deposit Facility Rate Indonesia bulan Juli turun ke level 5% dari sebelumnya di level 5.25%

Lending Facility Rate Indonesia bulan Juli turun ke level 6.5% dari sebelumnya di level 5.75%

Interest Rate Decision Indonesia bulan Juli turun ke level 5.75% dari sebelumnya di level 6%.

Retail Sales United Kingdom pada Juni 2019 tumbuh sebesar 3.8% lebih tinggi dibandingkan pertumbuhan sebelumnya sebesar 2.2% (YoY).



TODAY TOP STOCK TRADED (LQ45)

Top Gainers

Last Chg% YTD% MC (T) Beta

INKP IJ Equity

8,475 7.28 (26.62) 46.37 2.37

ANTM IJ Equity

950 5.56 24.18 22.83 1.68

TPIA IJ Equity

5,275 5.50 (10.97) 94.07 0.74

TKIM IJ Equity

12,600 5.44 13.51 39.23 2.32

EXCL IJ Equity

3,110 4.36 57.07 33.24 1.16

Top Losers

Last Chg% YTD% MC (T) Beta

MNCN IJ Equity

1,365 (3.87) 97.83 19.49 0.99

UNTR IJ Equity

27,275 (2.59) (0.27) 101.74 0.90

BBNI IJ Equity

8,875 (1.93) 0.85 165.51 1.62

WSKT IJ Equity

2,140 (1.83) 27.38 29.05 1.66

PTPP IJ Equity

2,200 (1.79) 21.88 13.64 1.85

Top Volume

Last Volume (Mn) YTD% MC (T) Beta

SRIL IJ Equity

350 1,716.1 (2.2) 7.16 0.60

ANTM IJ Equity

950 335.4 24.2 22.83 1.68

BBRI IJ Equity

4,450 77.0 21.6 548.89 1.61

BMRI IJ Equity

7,850 71.1 6.4 366.33 1.54

MNCN IJ Equity

1,365 58.6 97.8 19.49 0.99

Top Value

Last Value (Bn) YTD% MC (T) Beta

SRIL IJ Equity

350 827.9 (2.2) 7.16 0.60

BMRI IJ Equity

7,850 503.3 6.4 366.33 1.54

ASII IJ Equity

7,150 405.2 (13.1) 289.46 1.30

BBRI IJ Equity

4,450 290.6 21.6 548.89 1.61

BBCA IJ Equity

30,725 279.5 18.2 757.53 1.02

BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific

IHSG

Indonesia 6,403 19.81 2.17 7,100

Nikkei

Japanese 21,046 15.66 1.59 24,130

Shanghai

China 2,901 14.07 1.44 3,351

TWSE

Taiwan 10,799 16.61 1.59 18,633

KOSPI

Korea 2,067 11.72 0.83 2,623

KLSE

Malaysia 1,649 20.89 1.68 1,730

ST - Times

Singapore 3,361 13.72 1.13 3,622

Sensex

India 38,953 28.08 3.05 43,332

Hangseng

Hongkong 28,462 11.14 1.26 33,165

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

UNVR IJ Equity

45750 1.89 0.77 349 1.07

TPIA IJ Equity

5275 5.50 (10.97) 94 0.75

INKP IJ Equity

8475 7.28 (26.62) 46 2.38

INTP IJ Equity

21825 2.71 18.29 80 1.80

ASII IJ Equity

7150 0.70 (13.07) 289 1.29

Laggard


BBRI IJ Equity

4450 (1.55) 21.58 549 1.60

BMRI IJ Equity

7850 (1.57) 6.44 366 1.53

BBNI IJ Equity

8875 (1.93) 0.85 166 1.61

UNTR Equity

27275 (2.59) (0.27) 102 0.90

BRAM IJ Equity

11200 (20.00) 129.51 5 0.52

Movers


OSO MANAJEMEN INVESTASI

Mutual Fund Latest 1 Month (%)

Oso Sustainability Fund

1,511.67 1.82 Oso Syariah Equity Fund

1,331.87 1.51

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)


OSODaily 05 April 2019


MACRO ECONOMIC & INDUSTRY NEWS Bank Indonesia (BI) akhirnya memangkas suku bunga acuan atau BI 7-Day Reserve Repo Rate (BI 7-DRR). Dalam

Rapat Dewan Gubernur (RDG) BI memutuskan suku bunga BI turun 25 basis poin (bps) dari 6% menjadi 5,75%. Stimulus moneter ini bertujuan untuk mendorong momentum pertumbuhan ekonomi domestik di tengah stabilitas ekonomi Indonesia yang masih terjaga.

Bank Indonesia (BI) meyakini inflasi sepanjang tahun ini akan berada di titik tengah kisaran sasaran yang ditetapkan yakni 2,5%-4,5%. Menurut BI, inflasi Juni 2019 yang sebesar 0,55% (month to month) atau 3,28% (year on year), tetap terjaga pada level rendah dan stabil. Inflasi Juni lebih rendah dari bulan sebelumnya yang sebesar 0,68% 9mtm) dan 3,32% (yoy).

Bank sentral Korea Selatan memberikan kejutan dengan menurunkan suku bunga pada hari Kamis ini. Langkah ini diambil Bank of Korea (BOK) di tengah perselisihan dengan Jepang yang makin menambah tekanan pada ekonomi negara tersebut yang amat bergantung pada sektor perdagangan. BOK memotong suku bunga sebesar 25 basis poin menjadi 1,50% yang merupakan penurunan pertama dalam tiga tahun terakhir.

CORPORATES NEWS Lembaga pemeringkat internasional Standard & Poor's hari Kamis, menaikkan peringkat PT Lippo Karawaci Tbk (LPKR) dari

CCC+ menjadi B-. Setelah LPKR menyelesaikan penerbitan saham baru (rights issue) senilai US$ 787,5 juta atau setara Rp 11,2

triliun. S&P juga menaikkan peringkat guaranteed senior unsecured notes dari CCC+ menjadi B-. Pada saat yang sama, S&P

menarik status creditwatch atas surat utang LPKR tersebut

PT Sky Energy Indonesia Tbk (JSKY) secara resmi memperkenalkan rangkaian produk modul surya terbaru yang diberi nama J-

Leaf, J-Feather dan J-Bifacial. Ketiga produk baru perseroan merupakan modul surya berbobot ringan pertama di dunia, yang

telah teregistrasi di Japan Patent Office.

Berkat momentum libur Hari Raya Idulfitri di kuartal II-2019, pertumbuhan bisnis kartu kredit PT Bank Mandiri Tbk

(BMRI) terus meningkat . Perseroan mengatakan sampai dengan akhir semester-I 2019 bisnis kartu kredit Bank Mandiri telah

tumbuh sebesar 18%.

PT Sumber Alfaria Trijaya Tbk (AMRT) terus memacu pertumbuhan gerai barunya. Tahun ini, manajemen menargetkan

membuka 800 gerai baru. Sampai dengan semester I, manajemen telah merealisasikan setengah dari target tersebut.

PT Bank Central Asia Tbk (BBCA) ternyata tidak terlibat dalam sindikasi kredit modal kerja untuk PT Krakatau Steel Tbk (KRAS)

senilai US$ 200 juta sebagaimana diberitakan sebelumnya. Bantahan tersebut disampaikan BCA dengan menegaskan yang ikut

dalam sindikasi hanyalah perusahaan pelat merah.

Sepanjang semester I-2019, PT Arwana Citramulia Tbk (ARNA) membukukan kenaikan penjualan bersih 13,35% year on year

(yoy) menjadi Rp 1,05 triliun.

PT Garuda Maintenance Facility AeroAasia Tbk (GMFI) menargetkan, pembentukan joint venture untuk membangun hanggar

baru sudah bisa ditekan di sisa tahun ini. Hanggar baru ini rencananya dibangun di kawasan Kepulauan Riau, seperti Bintan

atau Batam.

Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Negatif Stochastic : Bearish Volume : Meningkat

Recommendation : BUY Entry Buy : 1.150 – 1.170 Target Price : 1.205 – 1.245 Support : 1.125 – 1.140 Cutloss : 1.120

DAILY TECHNICAL

BI Pangkas Bunga, Ciputra Development (CTRA) Optimistis Sektor Properti Terangkat Pihak PT Ciputra Development Tbk (CTRA) optimistis penurunan suku bunga acuan Bank Indonesia (BI) ke 5,75% cukup kuat mendorong pertumbuhan sektor properti. Akan lebih mendorong sektor properti melalui bunga KPR. Kendati begitu, katalis positif ini juga tergantung pada penurunan bunga kredit pemilikan rumah (KPR) yang disediakan perbankan. Apabila perbankan responsif ikut menurunkan bunga KPR, maka pendapatan juga bisa lebih cepat terdorong. CTRA menargetkan pra penjualan tahun ini sebesar Rp 6 triliun.

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.205. Apabila break 1.205 next harga ke level 1.245. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.120 jika sudah melewati support 1.125 – 1.140.

|CTRA|PE : 19.18x | PBV : 1.28x | ROE: 6.67% | NPM : 17.19% | DER : 1.03x | Fair Value : 1.250|

Souce: OSO Research Team

BUY

NOTE:




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Trend Naik


DAILY TECHNICAL

BUY |INCO|PE : -28.05x | PBV : 1.22x | ROE: -4.33% | NPM : -15.94% | DER : 0.15x | Fair Value : 3.500|

PT Vale Indonesia Tbk (INCO) Harapkan Negosiasi Proyek Smelter Tuntas 2 Bulan Pihak PT Vale Indonesia Tbk. mengatakan proses negosiasi dengan calon mitra untuk pengembangan smelter perseroan berjalan dengan baik dan diharapkan tuntas pada 1 bulan hingga 2 bulan ke depan. Hanya ada beberapa hal yang masih belum disepakati. Bulan ini dan bulan depan ada pertemuan lagi, semoga bisa tuntas dalam 1 bulan—2 bulan ini sehingga bisa segera diumumkan ke pasar setelah persetujuan pemegang saham. Di Bahadopi, Sulawesi Tengah, INCO itu memiliki rencana pembangunan smelter feronikel.


Harga ditutup bullish candle dan menguji resistance. Harga berpeluang menguji level 3.310. Apabila break 3.310 next harga ke level 3.400. Hati-hati jika harga tidak mampu tembus 1.695 atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 3.060 jika sudah melewati support 3.070 – 3.130.

NOTE:




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Ke Arah Positif Stochastic : Bullish Volume : Meningkat


DAILY TECHNICAL

Rencana Ekspansi Perusahaan Kertas Sinar Mas Grup Dua perusahaan kertas Sinar Mas Group yakni PT Tjiwi Kimia Tbk (TKIM) dan PT Indah Kiat Pulp & Paper Tbk (INKP) menyiapkan rencana penambahan mesin untuk mencapai target penjualannya tahun ini. Direktur PT Tjiwi Kimia (TKIM) Arman Sutedja menjelaskan belanja modal yang disiapkan tahun ini sebesar US$ 135 juta untuk mengganti mesin dan penambahan chemical plant yang akan mulai beroperasi pada Mei 2020. Capex yang sudah terserap saat ini sebesar US$ 60 juta untuk down payment (DP) chemical plant.

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 8.775. Apabila berhasil menguji 8.775 next harga ke level 9.000. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 8.100 jika sudah melewati support 8.125 – 8.150.

|INKP |PE : 11.36x | PBV : 0.86x | ROE: 7.60% | NPM : 9.41% | DER : 1.28x | Fair Value : 11.000|


BUY

NOTE:




Sector Rotation Mingguan

Bulanan



FUNDAMENTAL ANALYSIS (LQ 45)

Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation

SECTOR BASIC INDUSTRY

BRPT IJ Equity 3,690 - 54.39 3.96 58.34 5.39 1.13 5.21 98.23 3,100 -16% Sell

CPIN IJ Equity 5,250 0.96 (27.34) 4.26 19.74 12.23 16.10 23.71 22.95 4,557 -13% Sell

INKP IJ Equity 8,475 7.28 (26.62) 0.86 6.55 3.01 6.03 14.02 113.83 11,300 33% Buy

INTP IJ Equity 21,825 2.71 18.29 3.40 62.84 32.09 4.55 5.28 0.50 19,205 -12% Sell

SMGR IJ Equity 12,550 0.40 9.13 2.38 25.37 10.60 4.60 9.69 30.13 13,728 9% Buy

TKIM IJ Equity 12,600 5.44 13.51 2.19 11.40 20.92 8.79 21.17 120.71 13,000 3% Hold

TPIA IJ Equity 5,275 5.50 (10.97) 3.78 53.37 17.59 4.18 7.14 34.35 4,608 -13% Sell

WSBP IJ Equity 420 (0.94) 11.70 1.26 12.30 6.70 6.05 11.05 69.31 492 17% Buy

Industry Average in LQ45 2.76 31.24 13.56 6.43 12.16 61.25

Total of Industry Average 1.65 29.05 15.75 2.92 4.07 101.08

SECTOR CONSUMER GOODS

GGRM IJ Equity 77,225 0.78 (7.65) 3.13 18.00 10.58 12.80 18.03 38.38 93,392 21% Buy

HMSP IJ Equity 3,070 (0.32) (17.25) 9.24 25.95 19.65 25.33 36.38 0.33 3,926 28% Buy

ICBP IJ Equity 10,725 0.94 2.63 5.42 26.59 16.36 13.09 21.56 9.06 11,130 4% Hold

INDF IJ Equity 7,050 1.08 (5.37) 1.76 14.30 5.23 4.53 12.81 59.18 8,135 15% Buy

KLBF IJ Equity 1,475 1.37 (2.96) 4.54 28.08 18.74 13.50 16.93 2.34 1,516 3% Hold

UNVR IJ Equity 45,750 1.89 0.77 38.52 38.71 26.74 42.66 112.21 20.26 46,154 1% Hold



SECTOR INFRASTRUCTURE

EXCL IJ Equity 3,110 4.36 57.07 1.81 130.48 3.60 (5.68) (16.26) 125.77 3,527 13% Buy

JSMR IJ Equity 6,175 4.22 44.28 2.56 20.33 7.02 2.58 13.30 157.26 6,340 3% Hold

PGAS IJ Equity 2,100 (0.47) (0.94) 1.37 12.57 2.59 4.15 9.84 109.43 2,635 25% Buy

TLKM IJ Equity 4,240 0.24 14.67 4.00 22.68 6.81 8.70 18.19 37.58 4,407 4% Hold


Total of Industry Average 2.98 49.31 13.19 (3.91) (2.38) 130.89

Source: Bloomber LP





SECTOR MINING

ADRO IJ Equity 1,300 1.56 7.00 0.79 6.44 2.33 6.70 12.63 32.95 1,725 33% Buy

AKRA IJ Equity 4,170 (0.24) (2.80) 1.95 23.25 13.06 4.85 10.75 42.61 6,000 44% Buy

ANTM IJ Equity 950 5.56 24.18 1.15 28.52 8.33 2.47 4.14 50.26 1,113 17% Buy

ELSA IJ Equity 368 - 6.98 0.80 9.55 3.34 5.09 8.66 24.89 #N/A N/A #VALUE! #VALUE!

INCO IJ Equity 3,180 1.60 (2.45) 1.22 66.85 13.36 1.56 1.82 1.94 3,890 22% Buy

INDY IJ Equity 1,640 1.86 3.47 0.64 18.43 1.19 0.89 3.44 129.53 2,267 38% Buy

ITMG IJ Equity 17,225 - (14.94) 1.58 5.55 2.98 17.14 28.17 - 21,843 27% Buy

MEDC IJ Equity 820 1.86 19.71 0.84 9.06 1.72 (0.88) (3.52) 202.38 1,093 33% Buy

PTBA IJ Equity 2,870 1.77 (33.26) 1.75 6.42 4.62 19.44 29.25 5.12 3,909 36% Buy



SECTOR MISC INDUSTRY

ASII IJ Equity 7,150 0.70 (13.07) 2.04 13.21 7.54 6.60 16.18 49.27 8,446 18% Buy

SRIL IJ Equity 350 1.74 (2.23) 0.89 5.54 2.43 6.72 17.23 139.64 Neutral #VALUE! #VALUE!


Total of Industry Average 2.74 21.03 5.84 3.40 (2.45) 94.73

SECTOR PROPERTY

ADHI IJ Equity 1,625 (0.91) 2.52 0.91 8.95 3.12 2.26 10.53 136.09 2,109 30% Buy

BSDE IJ Equity 1,485 - 18.33 1.05 18.78 10.68 2.98 5.72 46.06 1,675 13% Buy

PTPP IJ Equity 2,200 (1.79) 21.88 1.06 8.98 4.52 3.22 12.42 74.03 2,687 22% Buy

PWON IJ Equity 710 0.71 14.52 2.57 12.66 9.80 10.95 22.32 36.44 779 10% Buy

WIKA IJ Equity 2,460 (1.20) 48.64 1.46 11.95 5.19 3.41 13.23 78.93 2,748 12% Buy

WSKT IJ Equity 2,140 (1.83) 27.38 1.55 9.20 4.09 2.63 18.45 224.10 2,278 6% Hold



Source: Bloomber LP





SECTOR TRADE

ERAA IJ Equity 1,980 (0.75) (10.00) 1.21 8.97 4.38 6.01 16.15 88.81 1,581 -20% Sell

LPPF IJ Equity 3,250 (0.61) (41.96) 5.12 9.56 5.30 18.60 45.60 - 5,033 55% Buy

MNCN IJ Equity 1,365 (3.87) 97.83 1.66 9.50 5.11 11.24 18.61 42.22 1,338 -2% Sell

SCMA IJ Equity 1,515 1.00 (18.98) 4.48 14.52 10.15 24.66 33.18 0.33 2,121 40% Buy

UNTR IJ Equity 27,275 (2.59) (0.27) 1.81 8.74 4.23 11.57 22.26 17.95 33,632 23% Buy



Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation

SECTOR FINANCE

BBCA IJ Equity 30,725 (0.08) 18.17 4.77 28.68 88.15 1.40 6.58 6.30 29,157 -5% Sell

BBRI IJ Equity 4,450 (1.55) 21.58 2.82 16.43 90.10 2.27 7.34 64.57 4,671 5% Hold

BBNI IJ Equity 8,875 (1.93) 0.85 1.46 10.71 92.85 1.90 5.44 82.33 10,314 16% Buy

BBTN IJ Equity 2,420 (1.22) (4.72) 1.04 9.01 103.45 2.82 4.00 188.00 2,762 14% Buy

BMRI IJ Equity 7,850 (1.57) 6.44 1.97 13.89 100.47 2.75 5.46 56.75 8,893 13% Buy



Source: Bloomber LP



TECHNICAL ANALYSIS (LQ 45)

Ticker Last YtD% MA5 RSI Rec MACD Trend

Bollinger Band

Pivot Point

Support Resistance Stop Loss

Level Recommendation

Lower Middle Upper 1 2 1 2

ADHI IJ Equity 1,625 2.5 Negatif Trading Negatif 1,540 1,645 1,745 1,630 1,625 1,610 1,645 1,650 1,585 Sell

ADRO IJ Equity 1,300 7.0 Positif Trading Negatif 1,215 1,335 1,460 1,295 1,255 1,230 1,320 1,360 1,210 Hold

AKRA IJ Equity 4,170 (2.8) Positif Trading Positif 4,015 4,195 4,370 4,190 4,165 4,150 4,205 4,230 4,085 Speculative Buy

ANTM IJ Equity 950 24.2 Negatif OverBought Positif 780 835 895 945 905 880 970 1,010 865 Sell

ASII IJ Equity 7,150 (13.1) Positif Trading Negatif 7,125 7,350 7,600 7,125 7,075 7,000 7,200 7,250 6,900 Hold

BBCA IJ Equity 30,725 18.2 Negatif OverBought Positif 29,125 29,900 30,650 30,600 30,325 30,025 30,900 31,175 29,550 Sell

BBNI IJ Equity 8,875 0.9 Positif Trading Negatif 8,725 9,100 9,475 8,975 8,850 8,750 9,075 9,200 8,600 Hold

BBRI IJ Equity 4,450 21.6 Negatif OverBought Positif 4,270 4,415 4,560 4,475 4,440 4,405 4,510 4,545 4,340 Sell

BBTN IJ Equity 2,420 (4.7) Positif Trading Negatif 2,315 2,505 2,700 2,440 2,420 2,400 2,460 2,480 2,365 Hold

BMRI IJ Equity 7,850 6.4 Negatif Trading Negatif 7,850 7,975 8,125 7,875 7,825 7,750 7,950 8,000 7,650 Sell

BRPT IJ Equity 3,690 54.4 Negatif OverBought Positif 3,060 3,375 3,690 3,700 3,640 3,600 3,740 3,800 3,545 Sell

BSDE IJ Equity 1,485 18.3 Positif Trading Negatif 1,455 1,510 1,560 1,490 1,465 1,450 1,505 1,530 1,425 Hold

CPIN IJ Equity 5,250 (27.3) Positif Trading Positif 4,135 5,050 5,950 5,275 5,200 5,150 5,325 5,400 5,075 Speculative Buy

ELSA IJ Equity 368 7.0 Positif Trading Negatif 362 375 387 368 366 364 370 372 359 Hold

ERAA IJ Equity 1,980 (10.0) Positif OverBought Negatif 1,490 1,930 2,375 1,990 1,945 1,905 2,030 2,075 1,880 Sell

EXCL IJ Equity 3,110 57.1 Negatif Trading Positif 2,820 2,915 3,005 3,060 2,945 2,860 3,145 3,260 2,815 Hold

GGRM IJ Equity 77,225 (7.7) Positif Trading Positif 74,825 76,750 78,675 76,875 76,125 75,525 77,475 78,225 74,375 Speculative Buy

HMSP IJ Equity 3,070 (17.3) Positif Trading Negatif 3,000 3,145 3,290 3,075 3,055 3,035 3,095 3,115 2,985 Hold

ICBP IJ Equity 10,725 2.6 Negatif OverBought Positif 9,850 10,175 10,475 10,700 10,550 10,450 10,800 10,950 10,275 Sell

INCO IJ Equity 3,180 (2.5) Negatif OverBought Positif 2,830 3,010 3,190 3,200 3,120 3,080 3,240 3,320 3,035 Sell

INDF IJ Equity 7,050 (5.4) Negatif Trading Negatif 6,775 6,975 7,175 7,025 6,975 6,900 7,100 7,150 6,800 Sell

INDY IJ Equity 1,640 3.5 Positif Trading Negatif 1,375 1,650 1,920 1,645 1,605 1,585 1,665 1,705 1,560 Hold

INKP IJ Equity 8,475 (26.6) Positif Trading Negatif 7,600 8,925 10,225 8,175 7,875 7,525 8,525 8,825 7,400 Hold

source: Bloomberg Lp



TECHNICAL ANALYSIS (LQ 45)

Ticker Last YtD% MA5 RSI Rec MACD Trend

Bollinger Band

Pivot Point

Support Resistance Stop Loss

Level Recommendation

Lower Middle Upper 1 2 1 2

INTP IJ Equity 21,825 18.3 Positif Trading Positif 19,550 20,950 22,350 21,575 21,175 20,825 21,925 22,325 20,525 Speculative Buy

ITMG IJ Equity 17,225 (14.9) Positif Trading Positif 16,850 17,425 17,975 17,175 17,050 16,800 17,425 17,550 16,525 Speculative Buy

JSMR IJ Equity 6,175 44.3 Negatif Trading Positif 5,550 5,775 6,025 6,075 5,925 5,725 6,275 6,425 5,625 Hold

KLBF IJ Equity 1,475 (3.0) Positif Trading Negatif 1,405 1,450 1,495 1,465 1,455 1,435 1,485 1,495 1,415 Hold

LPPF IJ Equity 3,250 (42.0) Positif Oversold Positif 3,200 3,370 3,535 3,260 3,235 3,210 3,285 3,310 3,160 Buy

MEDC IJ Equity 820 19.7 Positif Trading Negatif 775 820 865 815 805 795 825 835 780 Hold

MNCN IJ Equity 1,365 97.8 Negatif OverBought Positif 880 1,195 1,505 1,395 1,345 1,300 1,440 1,490 1,280 Sell

PGAS IJ Equity 2,100 (0.9) Negatif Trading Positif 2,025 2,095 2,160 2,115 2,085 2,075 2,125 2,155 2,040 Hold

PTBA IJ Equity 2,870 (33.3) Positif Oversold Negatif 2,795 2,950 3,100 2,855 2,805 2,775 2,885 2,935 2,730 Speculative Buy

PTPP IJ Equity 2,200 21.9 Negatif Trading Positif 2,060 2,190 2,315 2,215 2,185 2,165 2,235 2,265 2,130 Hold

PWON IJ Equity 710 14.5 Positif Trading Negatif 705 735 770 710 700 690 720 730 680 Hold

SCMA IJ Equity 1,515 (19.0) Positif Oversold Negatif 1,485 1,590 1,695 1,515 1,490 1,480 1,525 1,550 1,455 Speculative Buy

SMGR IJ Equity 12,550 9.1 Negatif Trading Positif 11,125 12,125 13,150 12,550 12,425 12,350 12,625 12,750 12,175 Hold

SRIL IJ Equity 350 (2.2) Negatif Trading Positif 335 339 343 349 340 333 356 365 328 Hold

TKIM IJ Equity 12,600 13.5 Positif Trading Negatif 11,900 12,575 13,225 12,275 11,825 11,450 12,650 13,100 11,275 Hold

TLKM IJ Equity 4,240 14.7 Positif Trading Negatif 3,955 4,180 4,410 4,230 4,210 4,190 4,250 4,270 4,125 Hold

TPIA IJ Equity 5,275 (11.0) Negatif Trading Positif 4,705 4,880 5,050 5,150 5,000 4,865 5,275 5,425 4,790 Hold

UNTR IJ Equity 27,275 (0.3) Positif Trading Negatif 27,200 27,925 28,625 27,600 27,275 26,900 27,975 28,300 26,500 Hold

UNVR IJ Equity 45,750 0.8 Negatif Trading Negatif 44,300 44,950 45,625 45,300 44,850 44,325 45,825 46,275 43,650 Sell

WIKA IJ Equity 2,460 48.6 Negatif OverBought Positif 2,285 2,390 2,495 2,475 2,455 2,435 2,495 2,515 2,395 Sell

WSBP IJ Equity 420 11.7 Negatif OverBought Positif 386 407 429 421 419 417 423 425 410 Sell

WSKT IJ Equity 2,140 27.4 Negatif OverBought Positif 1,885 2,015 2,140 2,160 2,135 2,110 2,185 2,210 2,075 Sell

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE CALENDAR

Date Event Country Act Prev Cons

18-Jul-19 Japan, Balance of Trade JUN JPY ¥589.5B ¥-968.3B ¥420B

Japan, Exports YoY JUN JPY -6.7% -7.8% -5.6%

Japan, Imports YoY JUN JPY -5.2% -1.5% -0.4%

Indonesia, Interest Rate Decision IDN 5.75% 6%

Indonesia, Lending Facility Rate JUL IDN 6.5% 6.75% Indonesia, Deposit Facility Rate JUL IDN 5% 5.25% GB Retail Sales YoY JUN GBR 3.8% 2.2% 2.6%

GB Retail Sales MoM JUN GBR 1% -0.6% -0.3%

GB Retail Sales ex Fuel MoM JUN GBR 0.9% -0.4% -0.2%

GB Retail Sales ex Fuel YoY JUN GBR 3.6% 2% 2.7%

US Continuing Jobless Claims JUL/06 USD 1686K 1728

US Initial Jobless Claims JUL/13 USD 216K 209K 216K

US CB Leading Index MoM JUN USD -0.3% 0.2% 0.1%

US EIA Natural Gas Stocks Change 12/JUL USD 62Bcf 81Bcf 73Bcf

19-Jul-19 Japan, Inflation Rate YoY JUN JPY

0.7% Japan, Inflation Rate MoM JUN JPY

0.0%

Japan, All Industry Activity Index MoM MAY JPY

0.9% -0.2%

Indonesia, Motorbike Sales YoY JUN IDN

-4.7% US Michigan Current Conditions Prel JUL USD

111.9 112

US Michigan Consumer Expectations Prel JUL USD

89.3 89.8

22-Jul-19 Indonesia, Foreign Direct Investment YoY Q2 IDN

-0.9% GB CBI Business Optimism Index Q3 GBR

-13

GB CBI Industrial Trends Orders JUL GBR

-15 US Chicago Fed National Activity Index JUN USD

-0.05

Source: Bloomberg Lp

https://tradingeconomics.com/japan/balance-of-tradehttps://tradingeconomics.com/japan/balance-of-tradehttps://tradingeconomics.com/japan/exportshttps://tradingeconomics.com/japan/exportshttps://tradingeconomics.com/japan/importshttps://tradingeconomics.com/japan/importshttps://tradingeconomics.com/united-kingdom/retail-sales-annualhttps://tradingeconomics.com/united-kingdom/retail-sales-annualhttps://tradingeconomics.com/united-kingdom/retail-saleshttps://tradingeconomics.com/united-kingdom/retail-saleshttps://tradingeconomics.com/united-kingdom/retail-sales-ex-fuelhttps://tradingeconomics.com/united-kingdom/retail-sales-ex-fuelhttps://tradingeconomics.com/united-kingdom/retail-sales-ex-fuelhttps://tradingeconomics.com/united-states/continuing-jobless-claimshttps://tradingeconomics.com/united-states/jobless-claimshttps://tradingeconomics.com/united-states/calendarhttps://tradingeconomics.com/united-states/natural-gas-stocks-changehttps://tradingeconomics.com/united-states/natural-gas-stocks-changehttps://tradingeconomics.com/japan/all-industry-activity-index



CORPORATE ACTION RUPS

Date Time Company Event Place

19-Jul-19 10:00 BRPT RUPSLB Wisma Barito Pasific Tower B 14:00 IDPR RUPSLB Kantor Perseroan

22-Jul-19 10:00 IKBI RUPS Hotel Mulia Jakarta

23-Jul-19 10:00 NIPS RUPS TBA

25-Jul-19 9:30 TDPM RUPSLB Graha CIMB Niaga 10:00 MTFN RUPSLB TBA

14:00 JSKY RUPSLB TBA

26-Jul-19 10:00 SMDM RUPSLB Aston At Kuningan Suites

30-Jul-19 14:00 AKKU RUPS Jl Wijaya II No 77 Melawai, Keba 14:00 ENRG RUPSLB Bakrie Tower Lt 25

31-Jul-19 10:30 ARGO RUPS Kantor Perseroan

1-Aug-19 10:00 TRIS RUPSLB Trisula Center

14:00 ISAT RUPSLB Gedung Indosat Ooredo

7-Aug-19 10:00 ITMA RUPSLB Sahid Sudirman 56th Floor

8-Aug-19 10:00 LPPF RUPSLB Kantor Perseroan

13:00 GMFI RUPSLB Ruang Monas 2, Mezzaine Aryaduta Hotel

9-Aug-19 13:00 AISA RUPSLB TBA

14-Aug-19 10:00 ATIC RUPSLB Jakarta

15-Aug-19 11:00 MLBI RUPSLB Hotel Darmawangsa

16-Aug-19 TBA INCO RUPSLB TBA



Dividend

Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share

CTRA Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 26-Jul-19 10 GGRM Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 25-Jul-19 2600

JECC Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 26-Jul-19 300 MDKI Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 26-Jul-19 12 PALM Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 22-Jul-19 2 PBRX Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 26-Jul-19 2 SMDR Cash Dividen 4-Jul-19 5-Jul-19 8-Jul-19 24-Jul-19 16 ATIC Cash Dividen 5-Jul-19 8-Jul-19 8-Jul-19 31-Jul-19 7

CSAP Cash Dividen 5-Jul-19 8-Jul-19 8-Jul-19 31-Jul-19 4 INKP Cash Dividen 5-Jul-19 8-Jul-19 9-Jul-19 31-Jul-19 100 TELE Cash Dividen 5-Jul-19 8-Jul-19 8-Jul-19 31-Jul-19 6

GEMS Cash Dividen 8-Jul-19 9-Jul-19 10-Jul-19 19-Jul-19 US$ 0.0039 ZINC Cash Dividen 8-Jul-19 9-Jul-19 10-Jul-19 1-Aug-19 0.4

Right Issue

Code OS NS Price (IDR) Cum Date Ex Date Trading Period

GOLD 100 : 306 221 1-Jul-19 2-Jul-19 05 - 12 Juli 2019 BHIT 3 : 1 100 2-Jul-19 3-Jul-19 08 - 19 Juli 2019 BIPI 7 : 62 100 8-Jul-19 9-Jul-19 10 - 19 Juli 2019

Source: KSEI and OSO Research Team



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Research Team

Ike Widiawati Head of Research +62 21 2991 5300 ([email protected])

Rifqiyati Research Analyst +62 21 2991 5300 (Rifqiyati @oso-securities.com)

Sukarno Alatas Research Analyst +62 21 2991 5300 ([email protected])

Mochammad Cahyo Research Analyst +62 21 2991 5300 ([email protected])

Michelle Abadi Research Associate +62 21 2991 5300 ([email protected])

Disclosure Of Interests

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the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities

and issuers; and

no part of the analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views

expressed in this research report.

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Documents

OSODailyoso-securities.com/sipitung/files/OSO Daily 19 Juli 2019.pdf · 2019. 7. 19. · Disclaimer on. OSODaily 19 Juli 2019 JAKARTA COMPOSITE INDEX ODAY TOP STOCK TRADED (LQ45)