Friday, Febru ary 21, 2014
Sinarmas Investment Research/ 62 21 3925550/
[email protected]
DAILY RESEARCH
JCI
4,598.22
Transaction Value (Rp tn)
7.060
Transaction Volume (mn shares)
5,308
Foreign Net Buy (Sell) (Rp bn)
998.13
Foreign Net Buy (Sell) YTD (Rp tn)
8.40
as percentage of last year's
(0.49)
Total Market Capitalization (Rp tn) Key Indices JCI
Previous Day: Pada penutupan perdagangan hari Kamis (19/02), IHSG naik sebanyak 5,57 poin (0,12%) ke level 4598,22. Ada sebanyak 111 saham yang naik, 183 saham yang mengalami koreksi, dan 72 saham yang stagnan. Total perdagangan hari ini sebanyak Rp 7,326 triliun. LQ45 naik 2,87 poin (0,37%) ke level 776,41. Sektor-sektor di zona hijau adalah sektor keuangan naik 0,92%, sektor infrastruktur naik 0,22%, dan sektor perdagangan naik 0,15%. Sektor-sektor di zona merah adalah sektor konstruksi turun 1,36%, sektor aneka industri turun 0,87%, dan sektor manufaktur turun 0,18%. Foreign net buy sebesar Rp 998 miliar. Indeks Nikkei terpangkas 2,15%. Indeks Straits Times menipis 0,07%. Indeks Hang Seng anjlok 1,19%. Indeks Shanghai jatuh 0,18%. Today’s Market: Secara teknikal indeks hari Jumat (21/02), prediksi indeks diperkirakan akan bergerak mixed di level 4580-4630. Perdagangan pada hari ini akan dipengaruhi oleh data inflasi AS yang naik sebesar 0,1% mom, data flash manufacturing PMI di level 56,7 (estimasi 53,7) dan data initial jobless claims yang turun dari 339 ribu menjadi 336 ribu (estimasi 335 ribu). Sementara itu, data consumer confidence Euro Area yang di level -13 (estimasi -11,3) akan turut memberikan sentiment terhadap indeks.
See important disclaimer at the end of this report
YTD Change %
0.12
7.6
776.41
0.37
9.2
EIDO
25.58
1.67
12.0
IDX
23.24
1.80
9.3
16,133.23
0.58
(2.7)
S&P 500
1,839.78
0.60
(0.5)
NASDAQ
4,267.55
0.70
2.2
FTSE
6,812.99
0.24
0.9
NIKKEI
14,449.18
(0.52)
(9.6)
HANG SENG
22,664.52
(1.19)
(3.9)
STRAITS TIMES
3,088.79
0.54
(2.6)
KLSE
1,827.81
(0.09)
DOW JONES
Rate (IDR)
USD/IDR
11,825.00
47.50
EUR/IDR
16,187.56
(1.23)
3.5
JPY/IDR
116.12
0.91
(0.3)
SGD/IDR
9,340.45
4.56
3.0
AUD/IDR
10,611.73
(16.70)
2.3
GBP/IDR
19,685.38
(2.44)
2.2
1 Day Return %
YTD Change %
102.82
0.07
4.5
78.30
(0.89)
(4.2)
Commodities CRUDE OIL (USD)/BARREL
Price
6.14
Change
(2.1) YTD Change %
FOREX
2.9
1.19
45.1
1,320.12
(0.21)
9.5
NICKEL (USD) / MT
14,365.00
(1.03)
3.3
TIN (USD) / MT
23,095.00
(0.43)
3.3
CPO (MYR) / MT
2,765.00
0.00
5.2
RUBBER (JPY)/KG
220.00
0.00
(21.4)
WHEAT/BUSHEL
6.16
(0.64)
1.8
CORN/BUSHEL
4.56
0.44
8.0
GOLD (USD) / OUNCE
UNDERVALUED STOCKS 2014: MYOR 34,600 ROTI 1,330 BBRI 9,550
4,598.22
1 Day Return %
LQ45
COAL (USD) / MT NATURAL GAS (USD) / mmBtu
Top Technical Buys: HRUM, KLBF, ADRO, SMGR
Closing
4,255.59
Frid ay, Febru ary 21, 2014
CORPORATE NEWS •
•
• •
•
PT Wijaya Karya Tbk (WIKA) meraih 2 kontrak baru senilai US$ 157 juta dari pertamina. Perusahaan menargetkan sepanjang 2014 memperoleh total kontrak baru sebesar Rp 25,83 triliun. Kontrak baru tersebut yakni pengembangan terminal bahan bakar minyak (BBM) di Pulau Sambu, dan upgrading fasilitas penimbunan gasoline di Tanjung Uban. (Positive) Source: Indonesia Finance Today PT Jasa Marga Tbk (JSMR) menargetkan pendapatan senilai Rp 450 miliar dari anak usaha tol. Pendapatan tol ini berasal dari anak usaha yang terus meningkat dalam kurun waktu satu tahun terakhir dengan rata-rata 50%. Pendapatan tol anak usaha pada 2012 senilai Rp 82 miliar yang kemudian naik menjadi Rp 123 miliar pada 2013, serta ditargetkan akan naik menjadi Rp 450 miliar pada tahun ini. (Positive) Source: Indonesia Finance Today PT Lippo Cikarang Tbk (LPCK) tahun ini akan memasarkan tower ketiga di proyek Trivium Terrace Apartemen di Lippo Cikarang, Bekasi, Jawa Barat. Tower ini merupakan yang terakhir setelah sebelumnya telah meluncurkan 2 tower apartemen sejak 2012. (Positive) Source: Indonesia Finance Today PT Eurreka Prima Jakarta Tbk (LCGP) akan mempercepat pembangunan megaproyek kota mandiri (township) di Jakarta Timur pada April 2014 dari rencana sebelumnya pada semester II-2014. Selain itu, perusahaan telah mengakuisisi tanah sebesar Rp 800 miliar seluas 24 hectare (ha) dan rencananya megaproyek ini akan berlangsung selama 8-10 tahun ke depan. (Positive) Source: Investor Daily PT Semen Baturaja Tbk (SMBR) membukukan kenaikan laba bersih sebesar 4,57% menjadi Rp 312,18 miliar sepanjang 2013 dibandingkan periode sebelumnya Rp 298,51 miliar. Peningkatan ini ditopang oleh kenaikan pendapatan keuangan sebesar Rp 71,28 miliar dari sebelumnya tahun 2012 sebesar Rp 28,34 miliar. Sedangkan pendapatan perusahaan naik tipis dari Rp 1,09 triliun menjadi Rp 1,17 triliun hingga kahir 2013. (Positive) Source: Investor Daily
See important disclaimer at the end of this report
2
Frid ay, Febru ary 21, 2014
TRADING VIEW
Eddy Wijaya/ Technical Analyst/62 21 3925550 By: Rheza, Tie sha, R icha rd
RESEARCH DEPARTMENT
TICKER
RECOMMENDATION
By: Eddy Wijaya (+6221-3925550) PRICE
ENTRY
EXIT
S2
S1
R1
R2
EXPLANATION
AGRICULTURE AALI
Buy on Weakness
23750
23625
23850
23575
23625
23850
24050 Rsi : downtrend
BWPT
Buy on Weakness
1330
1310
1350
1290
1310
1350
1370 Rsi : downtrend
LSIP
Buy on Weakness
1990
1960
2020
1940
1960
2020
2050 Black spinning top
BANK & FINANCE BMRI
Buy on Weakness
9225
9125
9300
9050
9125
9300
9375 Rsi : reversal
BBRI
Take profit
9550
-
9650
9400
9550
9650
9800 Stoc osc :overbought
BBNI
Buy on Weakness
4500
4480
4530
4450
4480
4530
4570 Rsi : uptrend
BBCA
Buy on Weakness
10400
10300
10550
10150
10300
10550
10650 Rsi : reversal
7250 10950 47100 28600 4025
CONSUMER GOODS INDF ICBP GGRM UNVR CPIN
Buy on Weakness Buy on Weakness Buyon Weakness Buy on Weakness Buy on Weakness
7000 10775 46600 28300 3995
6950 10700 46350 28100 3980
7100 10850 46750 28450 4010
6875 10600 46100 27900 3965
6950 10700 46350 28100 3980
7100 10850 46750 28450 4010
MAIN
Buy on Weakness
3390
3360
3410
3330
3360
3410
Rsi : neutral Macd : downtrend Stoc osc : uptrend Stoc osc : downtrend Macd : neutral
3430 White spinning top
BASIC & MISC INDUSTRY ASII
Buy on Weakness
6900
6850
6950
6700
6850
6950
SMGR
Buy on Weakness
15100
15000
15150
14900
15000
15150
15300 Rsi : reversal
7100 White spinning top
INTP
Trading Buy
22650
22650
22750
22350
22500
22750
22850 Rsi : uptrend
Trading Buy
2360
2360
2380
2300
2330
2380
2410 Rsi : uptrend
PGAS
Take profit
5050
-
5150
4980
5000
5150
5250 Dragonfly doji
JSMR
Trading Sell
5325
5325
5250
5150
5250
5400
5500 Rsi : downtrend
TBIG
Trading Buy
6200
6200
6300
6000
6100
6300
6400 Hammer
MAPI
Take profit
6875
-
6925
6650
6750
6925
7000 Rsi : uptrend
RALS
Trading Sell
1350
1350
1340
1330
1340
1360
1375 Macd : downtrend
ACES
Buy on Weakness
850
830
870
810
830
870
900 Black spinning top
MPPA
Buy on Weakness
2180
2160
2190
2130
2160
2190
2210 Rsi : uptrend
PTBA
Buy on Weakness
9300
9200
9350
9100
9200
9350
9450 Stoc osc : uptrend
ADRO
Trading Buy
975
975
985
940
960
985
INFRASTRUCTURE TLKM
RETAIL
MINING 1000 Rsi : uptrend
ITMG
Buy on Weakness
26975
26650
27125
26325
26650
27125
ANTM
Trading Sell
1045
1045
1035
1025
1035
1060
27325 Inverted hammer
TINS
Trading Sell
1460
1460
1435
1410
1435
1490
UNTR
Trading Buy
18650
18650
18750
18400
18550
18750
ASRI
Trading Sell
565
565
550
540
550
580
LPKR
Buy on Weakness
930
920
940
910
920
940
CTRA
Trading Sell
985
985
975
960
975
1000
APLN
Trading Sell
230
230
227
224
227
234
239 Three black candle 1035 Black spinning top
1075 Rsi : downtrend 1520 Stoc osc : downtrend 18900 Macd : uptrend
PROPERTY 600 Stoc osc : downtrend 960 Stoc osc : downtrend 1020 Rsi : downtrend
SMRA
Trading Sell
985
985
965
950
965
1015
SSIA
Buy on Weakness
815
805
830
785
805
830
850 Rsi : downtrend
BSDE
Buy on Weakness
1555
1540
1570
1525
1540
1570
1590 White spinning top
WIKA
Trading Sell
1940
1940
1925
1910
1925
1950
1970 Macd : downtrend
PTPP
Trading Sell
1370
1370
1350
1335
1350
1390
1420 Stoc osc : downtrend
ADHI
Trading Sell
2180
2180
2160
2140
2160
2200
2220 Rsi : downtrend
See important disclaimer at the end of this report
3
Frid ay, Febru ary 21, 2014
Global Equity Indices
Description
YTD Change %
LQ45 Nikkei 225 JCI FTSE 100 ASX 200 DJIA S&P500 STI CAC 40 Shanghai Composite DAX KOSPI Hang Seng Euro Stoxx
9.2 (9.6) 7.6 0.9 1.7 (2.7) (0.5) (2.6) 1.4 1.1 0.7 (3.1) (3.9) 0.4
21-Feb-14 Forward 2014 P/E Ratio (Best Est.) 776 14,728 4,598 6,813 5,442 16,133 1,840 3,087 4,355 2,139 9,619 1,950 22,394 3,122
14.2 19.0 14.4 13.7 15.2 14.5 15.6 13.7 13.5 8.4 13.4 8.9 9.9 13.2
Selected Indonesian Equities Description AALI ADRO AKRA ANTM ASII ASRI BBCA BBNI BBRI BBTN BDMN BHIT BKSL BMRI BMTR BSDE BUMI BWPT CPIN EXCL GGRM GIAA HRUM
YTD Change % (5.4) (10.6) 3.7 (4.1) 1.5 31.4 8.3 13.9 31.7 27.0 15.5 (5.6) 5.7 17.5 10.5 20.5 7.7 0.0 18.4 (14.0) 11.0 (3.2) (10.9)
21-Feb-14
23,750 ICBP 975 IMAS 4,535 INCO 1,045 INDF 6,900 INDY 565 INTP 10,400 ITMG 4,500 JSMR 9,550 KLBF 1,105 LPKR 4,360 LSIP 321 MAIN 166 MAPI 9,225 MNCN 2,100 PGAS 1,555 PTBA 323 SMCB 1,330 SMGR 3,995 SSIA 4,470 TLKM 46,600 UNTR 484 UNVR 2,450 JAKPROP INDEX JAKBIND INDEX
Property Basic Industry Trade Finance Miscellaneous Industry Consumer Infrastructure Agriculture Mining
YTD Change %
21-Feb-14
5.6 4.6 (1.9) 6.1 (3.4) 13.3 (5.4) 12.7 15.2 2.2 3.1 6.8 25.0 (5.9) 12.8 (8.8) (0.2) 6.7 45.5 9.8 (1.8) 8.8
10,775 5,125 2,600 7,000 570 22,650 26,975 5,325 1,440 930 1,990 3,390 6,875 2,470 5,050 9,300 2,270 15,100 815 2,360 18,650 28,300
JAKFIN INDEX
Sectors Description
Description
1-mth Return % 3.0 1.5 2.0 6.1 2.1 2.1 3.6 6.1 (0.7)
See important disclaimer at the end of this report
JAKCONS INDEX JAKMIND INDEX JAKINFR INDEX JAKAGRI INDEX JAKMINE INDEX
4
Frid ay, Febru ary 21, 2014
Dividen Ticker
Status
DPS (Rp)
Cum Date
Ex Date
Recording
Payment
Right Issue Ticker
NS:OS
Price (Rp)
Cum Date
Ex Date
Recording
Trading
Stock Split Ticker
OS:NS
MAPI
Ticker
OS:NS
1:10
Upcoming IPO Company
Business
Offering Date
Share in Rp.
Price
PT Bali Towerindo Sentra
Infrastruktur
PT Bank Ina Perdana
Perbankan
240
PT Bank Muamalat indonesia
Perbankan
550-975
PT Bank Panin Syariah
Perbankan
100
PT Eka Sari Lorena Transport
Transportasi
PT Indosmelt
Transportasi
PT Intermedia Capital
Media
PT Puradelta Lestari
Properti
PT Wika Beton
Konstruksi
See important disclaimer at the end of this report
Listing Date
205-255
5
Frid ay, Febru ary 21, 2014
Global Reference Rates
FOREX
%
Rate (USD) Change %
FED Rate
0.25
USDIDR
11,825
BI Rate
7.50
USDEUR
0.73
0.01
ECB Rate
0.25
USDJPY
102
(0.19)
BOJ Rate
0.10
USDSGD
1.26
(0.01)
BOE Rate
0.50
USDAUD
1.11
0.05
PBOC Rate
6.00
USDGBP
0.60
(0.07)
Description
January
December
(0.40)
Lending & Deposit Rates
Inflation YTD (%)
8.38
8.38
JIBOR (IDR) (%)
8.40
Inflation YOY (%)
8.22
8.38
LIBOR (GBP) (%)
0.89
Inflation MOM (%)
1.07
0.55
SIBOR (USD) (%)
1.46
10.06
INDOGB 5Y YIELD (%)
7.93
GDP YOY Growth Rate Q42013 (%)
5.72
INDOGB 10Y YIELD (%)
8.35
GDP Growth Rate 2013 (%)
5.78
INDOGB 15Y YIELD (%)
8.90
Foreign Reserves (USD bn)
GDP YOY (USD bn)
878.04 Dual Listed
MACRO INDICATORS
Price (IDR) Change %
TLKM (US)
2,365.00
0.00
ANTM (GR)
875.93
(3.57)
RAPBN 2014
APBN-P 2013
APBN 2013
5.8-6.1
6.3
6.8
4.5-5.5
7.2
4.9
10,000-10,500
9,600
9,300
SBI—3 Months (%)
5.5
5.0
5.0
Crude Oil (USD/brl)
106
108
100
Oil Production (bpd)
870,000
840,000
900,000
Total APBN (IDR tn)
1,240
1,726
1,683
GDP (%)
This image cannot currently be display ed.
Inflation (%) IDR/USD (IDR)
DISCLAIMER This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgment 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 will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice.
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