OSO SECURITIES. OSO Daily 29 April 2015 JCI 5, %

OSO SECURITIES

OSO Daily 29 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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JCI 5,242.16 Previous 5,245.45 Highest 5,424.16 Volbn 5.19 NetForg 1DIDRbn (1,818.04) Return YTD (%) 0.29 Indices Countries Americas Dow Jones United States S&P 500 United States Nasdaq United States EIDO United States EMEA FTSE 100 United Kingdom CAC 40 France D DAX Germany Asia Pacific Nikkei Japanese Shanghai China TWSE Taiwan KOSPI Korea KLSE Malaysia ST – Times Singapore Sensex India Hangseng Hongkong Sectoral Previous AGRICULTURE 2,003.69 MINING 1,209.32 MISC INDUSTRY 1,288.71 BASIC INDUSTRY 460.31 CONSUMER GOODS 2,339.22 PROPERTY 560.48 INFRASTRUKTUR 1,057.22 FINANCE 768.25 MANUFAKTURE 1,325.28 TRADE 960.77 LQ 45 910.65 SRI-KEHATI 306.81 Commodities Oil (USD/bbl) Nickel (USD/mtrc ton) Tins (USD/mtrc ton) Gold (USD tr.oz) Copper (USD/mtrc ton) CPO (MYR/ton) Coal (USD/ton) Currencies IDR / USD IDR / AUD IDR / EUR IDR / SGD IDR / JPY IDR / GBP Global Macro Economics United States Euro Area United Kingdom Japan China Domestic Macro Economics Jibor GovBonds (5y) GovBonds (10y) Inflasi YoY Inflasi MoM BI Rate GDP Growth YoY Foreign Reserve (Bn) Mutual Fund Oso Sustainability Fund Oso Syariah Equity Fund Oso Socent Fund Source: Bloomberg

-3.29

-0.06%

Lowest Val IDR bn Mkt Cap IDRtr NetForgYTDIDRbn Month to date (%) Last

Chg%

5,164.74 7,192.18 5,296.30 14,318.82 (5.01) YTD%

18,110.14 2,114.76 5,055.42 26.06

0.40 0.28 (0.10) (1.25)

1.61 2.71 6.74 (5.03)

7030.53 5173.38 11811.66

(1.03) (1.81) (1.89)

7.07 21.08 20.46

20,058.95 4,476.21 9,956.83 2,147.67 1,855.06 3,495.09 27,282.67 28,442.75 Last 2,029.27 1,222.01 1,276.43 456.57 2,396.29 556.81 1,051.78 761.35 1,336.71 958.69 908.65 306.74 Last 56.88 13,445.00 15,725.00 1,211.12 6,118.00 2,098.00 61.80 Last 12,996 10,265 14,171 9,797 109 19,770 CB Rate (%) 0.25 0.05 0.50 0.10 5.60 Last 5.89 7.68 7.77 6.38 0.17 7.5 5.01 111.6 NAV/Unit 1,020.25 1,028.13 1,030.06

0.38 (1.13) (0.16) (0.46) (0.24) (0.59) 0.39 0.03 Chg% 1.28 1.05 (0.95) (0.81) 2.44 (0.65) (0.51) (0.90) 0.86 (0.22) (0.22) (0.02) Chg% (0.32) (0.77) (3.23) (0.09) 0.87 (1.08) (0.96) Chg% (0.10) (1.20) (0.72) (0.60) (0.31) (0.53) CPI YoY (%) 1.30 0.30 1.00 2.90 1.40 Chg% 0.14 0.46 0.87

14.95 38.38 6.98 12.12 5.33 3.86 (0.79) 20.49 YTD% (13.69) (10.74) (2.34) (16.02) 10.03 6.08 (9.35) 4.06 0.11 9.11 1.12 2.39 YTD% 6.78 (11.25) (18.94) 2.22 (2.89) (8.42) (1.98) YTD% (4.68) (1.13) 6.30 (4.30) (5.15) (2.44) GDP YoY (%) 2.40 0.80 3.00 (1.30) 7.30 YTD% (0.31) (0.33) (0.39)

1 Mth (%) (3.98) (1.72) 6.71

Market Review Pada perdagangan kemarin (28/04), IHSG kembali mengalami pelemahan. IHSG ditutup turun 0.06% di level 5,245.45 setelah sempat mengalami penurunan cukup dalam di level 5,164.74. Pada sesi awal perdagangan tekanan aksi jual pada bursa saham Indonesia membuat pergerakan IHSG mengalami tekanan, namun pada sesi kedua, tekanan jual mulai berkurang, investor domestik mulai mengakumulasi saham-saham yang mengalami koreksi cukup dalam seiring dengan rilisnya data foreign direct investment yang mengalami kenaikan sebesar 14.0% dari sebelumnya 10.5%. Sedangkan indeks sektoral bergerak variatif dengan sektor barang konsumsi dan agrikultur yang naik sebesar 2.44% dan 1.28%. Global Market Sementara itu, indeks di bursa Wall Street pada perdagangan semalam ditutup mixed, di mana Indeks Dow Jones naik 0.40% ke level 18,110.14, Indeks S&P mengalami penguatan 0.28% menjadi 2,114.76. Namun Indeks Nasdaq melemah 0.10% menjadi 5,055.42. Variatifnya rilis data ekonomi membuat pergerakan bursa Wall Street cenderung volatile. Di satu sisi, data S&P/CaseShiller Home Price yang naik sebesar 5.0% dari sebelumnya -0.1% memberikan sentiment positif. Di sisi lain, tingkat kepercayaan konsumen yang tercermin dalam CB Consumer Confidence yang turun dari sebelumnya 101.4 menjadi 95.2 menahan pergerakan bursa Wall Street. JCI Prediction Hari ini kami perkirakan IHSG bergerak variatif berpotensi rebound.. Secara teknikal, IHSG membentuk candle hammer yang merupakan indikasi pembalikan arah diikuti dengan selling volume yang menurun. Indikator MACD dan indikator stochastic oscillator berada pada area oversold. Kami perkirakan IHSG akan berada pada kisaran support 5,210 dan resistance 5,280. Highlight News  SOCI Raih Kontrak US$450 Juta  Omzet NRCA Naik 22,7%  BABP Catat Kenaikan Laba 107% Pada Triwulan I 2015  Ekonomi Lesu, Anggaran Capex ASII Stagnan  ASII Tebar Dividen Rp 8,74 Triliun  MRAT Masuk Bisnis Properti

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Today News SOCI Raih Kontrak US$450 Juta Emiten jasa pelayaran PT Soechi Lines Tbk (SOCI) mencatatkan kontrak senilai total US$450 juta hingga kuartal I/2015, termasuk di dalamnya kontrak atas empat kapal yang baru dibeli. Perseroan telah membeli empat kapal dari rencana lima kapal sepanjang tahun. Rencananya, kapal kelima bakal dibeli pada Mei-Juni. Keempat kapal baru tersebut terdiri dari dua kapal tanker dan dua kapal liquid petroleum gas (LPG) dengan nilai berkisar US$188 juta. Omzet NRCA Naik 22,7% PT Nusa Raya Cipta Tbk (NRCA) yang merupakan anak usaha PT Surya Semesta Internusa Tbk (SSIA), membukukan pendapatan kuartal I/2015 sebesar Rp903 miliar atau naik 22,7% dibandingkan dengan pendapatan pada periode yang sama tahun sebelumnya Rp736,7 miliar. Sedangkan laba bersih perseroan pada kuartal I/2015 sebesar Rp60,9 miliar atau naik tipis dibandingkan dengan periode yang sama 2014 sebesar Rp56,8 miliar. Pada kuartal I ini total kontrak baru perseroan mencapai Rp1,67 triliun. BABP Catat Kenaikan Laba 107% Pada Triwulan I 2015 PT Bank MNC Internasional Tbk (BABP) berhasil membukukan laba sebesar Rp2 miliar di triwulan I-2015. Angka ini naik sekitar 107% jika dibanding dengan perolehan diperiode sama tahun sebelumnya yang tercatat rugi Rp13 miliar. Perseroan optimis mengejar target laba Rp35 miliar di sepanjang tahun 2015. Keoptimisan ini dilandasi pencapaian kinerja perseroan di kuartal I tahun ini yang cukup positif, dimana kredit telah mencapai Rp6,1 triliun dan DPK Rp8,3 triliun. Perseroan menargetkan kredit sebesar Rp8 triliun, NPL dibawah 3%, dan DPK Rp10 triliun pada tahun ini. Ekonomi Lesu, Anggaran Capex ASII Stagnan Tahun ini, PT Astra International Tbk (ASII) hanya akan melanjutkan proyek dari tahun sebelumnya. Karena itu anggaran belanja modal alias capital expenditure (capex) ASII tahun ini sama dengan tahun lalu, yakni Rp 13 triliun. Dana tersebut sekitar Rp 5 triliun untuk PT United Tractors Tbk (UNTR). PT Astra Agro Lestari Tbk (AALI) mendapat Rp 2 triliun-Rp 3 triliun. Lalu, pengembangan sektor otomotif, termasuk pembangunan outlet baik Toyota Astra Motor maupun Astra Daihatsu Motor sekitar Rp 500 miliar. Sedangkan sisanya akan digunakan untuk beberapa sektor lainnya. ASII Tebar Dividen Rp 8,74 Triliun Kendati laba bersih PT Astra International Tbk tahun lalu turun, emiten berkode saham AS II ini tetap memberikan dividen kepada para pemegang sahamnya. Adapun, rasio nilai dividen yang dibagikan sekitar 45,5% dari laba bersih 2014. Nilai ini setara dengan Rp 216 per saham. Perseroan telah memberikan dividen interim sebesar Rp 64 per saham pada 31 Oktober 2014. Selebihnya, sebesar Rp 152 per saham akan dibayarkan pada 29 Mei 2015. MRAT Masuk Bisnis Properti Produsen kosmetik PT Mustika ratu Tbk (MRAT) tampaknya mulia mendiversifikasi usahanya. Salah satunya dengan masuk ke bisnis properti. Perseroan bahkan mulai merealisasikan dua proyek properti sekaligus, yaitu apartemen dan pergudangan. Perseroan menyiapkan dana sebesar Rp 500 miliar untuk memuluskan rencana bisnis tersebut. Sumber: Kontan, Investor Daily, Bisnis Indonesia

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Trading Idea BBTN Harga saham ini berada di atas MA 10. Indikator momentum RSI mulai terlihat menguat. Selain itu, indikator MTM juga menunjukan potensi penguatan.

Recommendation: Buy Target Price: 1,055 Support: 1,005 Cutloss: 995

BMRI Candle terakhir membentuk pola doji. Kemarin saham ini open gap down. Namun besarnya buying power menjelang closing price mengindikasikan adanya potensi rebound meski.

Recommendation: Speculative Buy Target Price: 11,175 Suport: 10,700 Cutloss: 10,650

EXCL Saham ini relative bertahan di tengah tekanan aksi jual oleh pelaku pasar. Candle terakhir berada di atas MA 5. Indikator MTM menunjukan adanya signal penguatan. Selain itu, indikator stochastic oscillator baru saja membentuk pola golden cross di area netral.

Recommendation: Speculative Buy Target Price: 4,490 Suport: 4,435 Cutloss: 4,310

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Fundamental Analysis (LQ 45) Ticker AALI ADHI ADRO AKRA ANTM ASII ASRI BBCA BBNI BBRI BBTN BDMN BMRI BMTR BSDE CPIN CTRA EXCL GGRM HRUM ICBP INCO INDF INTP ITMG JSMR KLBF LPKR LPPF LSIP MNCN PGAS PTBA PTPP PWON SCMA SMGR SMRA TAXI TBIG TLKM UNTR UNVR WIKA WSKT

Last Price 20,300 2,840 930 5,200 830 7,375 640 14,050 6,650 11,875 1,120 4,220 10,900 1,640 1,960 3,130 1,405 4,400 53,225 1,250 13,100 2,825 7,125 22,500 13,775 6,675 1,875 1,290 17,000 1,440 2,365 4,400 10,075 3,875 489 3,035 13,225 1,840 1,075 8,425 2,790 22,500 44,500 3,370 1,720

P/BV (x) 2.76 2.93 0.83 3.57 0.66 2.98 2.06 4.46 2.07 3.00 0.97 1.21 2.46 2.04 2.34 4.70 2.87 2.69 3.09 0.91 5.43 1.21 2.43 3.34 1.34 4.87 9.37 1.88 279.32 1.36 3.75 2.97 2.56 7.85 3.81 12.88 3.26 4.83 2.59 9.99 4.04 2.18 53.57 5.19 5.89

P/E (x) 2015F 10.42 10.62 8.96 17.57 8.48 13.04 8.13 16.11 9.14 9.44 6.50 9.60 9.92 15.47 12.14 13.68 13.18 22.10 14.76 10.71 21.50 8.38 12.44 13.65 7.59 21.57 29.67 16.07 20.90 8.45 13.63 10.94 11.35 20.24 9.19 21.29 12.09 17.29 12.48 18.33 15.23 13.14 48.56 20.96 21.43

PEG 0.44 (0.78) (0.00) 0.91 #VALUE! (13.80) 0.46 1.34 0.58 0.89 (0.35) (0.47) 1.38 2.05 0.25 (0.95) 0.46 #VALUE! 0.79 (6.53) 1.70 0.00 0.31 3.02 (0.52) 0.91 5.75 0.11 1.50 0.57 4.50 (0.41) 0.85 1.33 0.08 2.78 3.91 0.71 (1.80) 5.43 11.39 1.39 7.82 4.30 0.93

BETA 0.07 2.09 0.28 1.20 0.52 1.39 2.10 1.20 1.60 1.65 1.53 0.78 1.66 1.58 1.41 2.08 2.24 0.69 1.00 (0.02) 1.32 0.61 1.21 1.22 0.31 0.67 1.25 1.95 1.25 0.13 1.30 0.98 0.42 1.94 1.91 0.95 1.30 2.09 1.30 0.56 1.08 0.69 1.05 1.63 2.21

ROA ROE (%) (%) 10.38 16.85 3.21 19.74 2.72 6.54 6.54 17.62 (3.53) (6.27) 7.91 19.50 7.00 19.46 3.14 23.29 2.88 20.20 3.39 27.43 0.81 9.39 1.27 7.37 2.51 21.07 3.04 6.86 15.07 29.84 9.55 16.75 6.11 19.21 (1.71) (6.09) 9.85 17.22 0.09 0.14 11.28 19.53 7.47 9.85 4.75 15.82 19.00 22.09 15.20 22.28 4.46 14.70 17.39 23.61 7.38 17.93 44.73 #N/A N/A 11.02 13.25 15.17 21.63 13.66 27.21 15.22 25.22 3.94 24.33 19.30 50.06 33.27 47.02 17.10 24.78 9.63 28.17 4.59 13.99 6.39 32.66 10.89 22.81 8.83 14.90 41.04 99.87 4.32 17.73 4.70 19.20

DER (x) 0.39 1.16 0.68 0.77 0.67 0.73 1.08 0.12 0.39 0.59 1.68 0.90 0.52 0.64 0.28 0.60 0.54 1.83 0.55 0.24 0.10 1.05 0.01 1.35 0.03 0.64 3.88 0.36 0.68 0.26 0.80 0.63 0.00 0.16 0.80 1.96 4.04 0.33 0.07 0.27 0.76 1.11

EAT 1 Year Fair Value Growth38.99 (%) 24,500 (20.17) 4,000 (195,184.68) 1,090 24.16 5,150 #N/A N/A 1,065 (1.17) 7,675 25.17 680 15.62 14,275 19.05 7,425 13.57 13,700 (28.53) 1,255 (35.57) 4,310 9.16 12,700 15.56 2,055 37.37 2,375 (30.67) 3,865 35.09 1,515 #N/A N/A 5,750 24.01 64,625 (99.03) 1,195 17.22 14,825 3,900,000.00 4,100 64.29 8,450 5.20 24,600 (11.76) 19,375 36.56 7,800 7.32 1,845 107.39 1,275 23.26 19,000 18.79 2,030 4.17 2,875 (25.00) 5,500 12.72 12,000 26.44 4,585 122.07 585 10.99 3,655 3.60 15,800 26.86 1,965 (10.82) 1,280 5.65 9,550 1.63 3,080 11.11 21,950 7.28 33,875 7.81 3,815 35.86 1,975

Up-Side Recommendation (Down-Side) (%) 20.69 Buy 40.85 Buy 17.20 Buy (0.96) Sell 28.31 Buy 4.07 Hold 6.25 Buy 1.60 Hold 11.65 Buy 15.37 Buy 12.05 Buy 2.13 Hold 16.51 Buy 25.30 Buy 21.17 Buy 23.48 Buy 7.83 Buy 30.68 Buy 21.42 Buy (4.40) Sell 13.17 Buy 45.13 Buy 18.60 Buy 9.33 Buy 40.65 Buy 16.85 Buy (1.60) Sell (1.16) Sell 11.76 Buy 40.97 Buy 21.56 Buy 25.00 Buy 19.11 Buy 18.32 Buy 19.63 Buy 20.43 Buy 19.47 Buy 6.79 Buy 19.07 Buy 13.35 Buy 10.39 Buy (2.44) Sell (23.88) Sell 13.20 Buy 14.83 Buy

Market Cap (Tn) 31.97 5.12 29.75 20.49 7.92 298.57 12.58 346.40 124.01 292.95 11.84 40.45 254.33 23.29 37.72 51.33 21.31 37.58 102.41 3.38 76.39 28.07 62.56 82.83 15.56 45.39 87.89 29.77 49.60 9.82 33.76 106.66 23.21 18.76 23.55 44.38 78.44 26.55 2.31 40.41 281.23 83.93 339.54 20.72 16.73

OSO SECURITIES



Technical Analysis (LQ 45) .

Ticker JCI AALI ADHI ADRO AKRA ANTM ASII ASRI BBCA BBNI BBRI BBTN BDMN BMRI BMTR BSDE CPIN CTRA EXCL GGRM HRUM ICBP INCO INDF INTP ITMG JSMR KLBF LPKR LPPF LSIP MNCN PGAS PTBA PTPP PWON SCMA SMGR SMRA TAXI TBIG TLKM UNTR UNVR WIKA WSKT

Last 5,242 20,300 2,840 930 5,200 830 7,375 640 14,050 6,650 11,875 1,120 4,220 10,900 1,640 1,960 3,130 1,405 4,400 53,225 1,250 13,100 2,825 7,125 22,500 13,775 6,675 1,875 1,290 17,000 1,440 2,365 4,400 10,075 3,875 489 3,035 13,225 1,840 1,075 8,425 2,790 22,500 44,500 3,370 1,720

Open

High

Low

5,211 5,242 5,165 19,750 20,325 19,550 2,800 2,865 2,680 910 930 910 5,100 5,200 5,050 825 835 810 7,325 7,400 7,250 640 645 620 14,100 14,200 13,900 6,600 6,650 6,425 11,800 12,075 11,700 1,100 1,130 1,080 4,300 4,350 4,200 10,900 10,975 10,650 1,560 1,640 1,535 2,015 2,015 1,920 3,235 3,235 3,080 1,415 1,435 1,395 4,200 4,400 4,190 51,750 53,300 50,800 1,280 1,280 1,200 13,650 13,650 13,000 2,630 2,835 2,610 7,150 7,175 7,000 22,600 22,700 22,375 13,750 13,900 13,150 6,750 6,750 6,500 1,830 1,875 1,815 1,295 1,310 1,260 17,525 17,525 16,900 1,420 1,445 1,370 2,375 2,380 2,290 4,350 4,400 4,255 10,050 10,100 9,675 3,790 3,900 3,785 493 493 480 3,060 3,100 2,970 13,325 13,325 13,050 1,895 1,895 1,805 1,050 1,080 1,050 8,400 8,500 8,350 2,790 2,795 2,750 22,425 22,500 21,975 42,075 44,500 41,225 3,370 3,420 3,340 #N/A N/A #N/A N/A #N/A N/A

Year-to-Date (YtD%) 0.29% -16.29% -18.39% -10.58% 26.21% -22.07% -0.67% 14.29% 7.05% 9.02% 1.93% -7.05% -6.74% 1.16% 15.09% 8.59% -17.20% 12.40% -9.56% -12.31% -24.70% 0.00% -22.07% 5.56% -10.00% -10.41% -5.32% 2.46% 26.47% 13.33% -23.81% -6.89% -26.67% -19.40% 8.39% -5.05% -13.29% -18.36% 21.05% -8.12% -13.14% -2.10% 29.68% 37.77% -8.42% 17.01%

MA5

RSI Rec

Positif Positif Positif Positif Positif Positif Positif Negatif Positif Positif Positif Positif Positif Positif Negatif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Positif Negatif Positif Positif Positif Positif Negatif Positif Positif

Oversold Oversold Oversold Oversold Trading Oversold Oversold Trading Oversold Oversold Oversold Oversold Oversold Oversold Oversold Trading Oversold Trading Trading Trading Strong Buy Oversold Strong Buy Oversold Trading Oversold Oversold Trading Trading Trading Oversold Oversold Oversold Oversold Trading Trading Oversold Trading Trading OverBought Oversold Trading Trading OverBought Oversold Trading

MACD Trend Negatif Negatif Negatif Negatif Negatif Negatif Negatif Positif Negatif Negatif Negatif Negatif Negatif Negatif Positif Negatif Negatif Negatif Positif Positif Negatif Negatif Negatif Negatif Positif Negatif Negatif Positif Negatif Negatif Negatif Negatif Positif Negatif Positif Negatif Negatif Positif Negatif Positif Negatif Positif Negatif Positif Negatif Positif

Bollinger Band Support Resistance Stop Loss Pivot Point Level Lower Middle Upper 1 2 1 2 5,330 5,445 5,559 5,215 5,188 5,138 5,265 5,292 5,061 21,400 23,300 25,200 19,975 19,650 19,200 20,425 20,750 18,925 2,850 3,035 3,225 2,795 2,730 2,610 2,915 2,980 2,570 935 965 995 920 910 900 930 940 885 4,890 5,300 5,700 5,150 5,075 4,990 5,225 5,300 4,915 840 885 930 825 815 800 840 850 790 7,600 8,050 8,525 7,350 7,275 7,200 7,425 7,500 7,075 565 630 690 635 630 610 655 660 600 14,400 14,875 15,325 14,075 13,925 13,775 14,225 14,375 13,550 6,800 7,125 7,425 6,575 6,525 6,350 6,750 6,800 6,250 12,525 13,025 13,500 11,875 11,650 11,500 12,025 12,250 11,325 1,100 1,175 1,250 1,110 1,085 1,060 1,135 1,160 1,040 4,510 4,925 5,350 4,270 4,185 4,120 4,335 4,420 4,055 11,600 12,050 12,500 10,850 10,750 10,525 11,075 11,175 10,375 1,480 1,650 1,820 1,595 1,550 1,490 1,655 1,700 1,465 2,050 2,130 2,205 1,980 1,940 1,885 2,035 2,075 1,855 3,295 3,525 3,750 3,170 3,105 3,015 3,260 3,325 2,970 1,400 1,455 1,510 1,415 1,390 1,375 1,430 1,455 1,350 4,130 4,295 4,460 4,300 4,195 4,090 4,405 4,510 4,025 48,875 52,025 55,200 52,275 51,250 49,775 53,750 54,775 49,025 1,230 1,405 1,580 1,255 1,225 1,175 1,305 1,335 1,155 13,925 14,275 14,625 13,350 13,050 12,700 13,700 14,000 12,500 2,620 3,035 3,450 2,725 2,615 2,500 2,840 2,950 2,465 7,275 7,375 7,500 7,125 7,050 6,950 7,225 7,300 6,825 21,725 22,750 23,750 22,550 22,400 22,225 22,725 22,875 21,875 13,725 15,750 17,750 13,650 13,400 12,900 14,150 14,400 12,700 6,775 7,000 7,225 6,675 6,600 6,425 6,850 6,925 6,325 1,820 1,865 1,905 1,850 1,825 1,790 1,885 1,910 1,760 1,280 1,365 1,450 1,290 1,270 1,240 1,320 1,340 1,220 17,700 18,800 19,925 17,250 16,950 16,625 17,575 17,875 16,375 1,425 1,610 1,795 1,420 1,395 1,345 1,470 1,495 1,325 2,320 2,640 2,960 2,355 2,325 2,265 2,415 2,445 2,230 4,365 4,680 4,995 4,350 4,305 4,205 4,450 4,495 4,145 10,175 10,650 11,125 9,975 9,850 9,550 10,275 10,400 9,400 3,655 3,895 4,140 3,840 3,775 3,725 3,890 3,955 3,665 493 510 530 489 485 476 498 500 469 3,190 3,340 3,485 3,040 2,985 2,910 3,115 3,170 2,870 13,000 13,525 14,025 13,225 13,150 12,950 13,425 13,500 12,750 1,730 1,860 1,995 1,860 1,825 1,770 1,915 1,950 1,740 835 1,020 1,205 1,065 1,050 1,035 1,080 1,095 1,020 8,950 9,375 9,775 8,425 8,350 8,275 8,500 8,575 8,150 2,765 2,820 2,880 2,780 2,770 2,735 2,815 2,825 2,695 21,675 22,625 23,575 22,350 22,200 21,825 22,725 22,875 21,500 37,100 39,650 42,175 43,075 41,650 39,800 44,925 46,350 39,200 3,340 3,505 3,670 3,375 3,330 3,295 3,410 3,455 3,245 1,660 1,745 1,825 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Recommendation Speculative Speculative Speculative Speculative Hold Speculative Speculative Hold Speculative Speculative Speculative Speculative Speculative Speculative Speculative Hold Speculative Hold Speculative Speculative Buy Speculative Buy Speculative Speculative Speculative Speculative Speculative Hold Hold Speculative Speculative Buy Speculative Speculative Hold Speculative Speculative Sell Hold Speculative Speculative Hold Sell Speculative Speculative

Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy

Buy Buy Buy Buy Buy Buy

Buy Buy

Buy Buy

OSO SECURITIES



Calender Economics Date 27-Apr-15 27-Apr-15 27-Apr-15 27-Apr-15 27-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15 1-May-15

Agenda Germany Import Prices MoM MAR UK CBI Business Optimism Index Q2 US Markit Composite PMI Flash APR US Markit Services PMI Flash APR US Dallas Fed Manufacturing Index APR France Jobseekers Total MAR Japan Retail Sales YoY MAR Indonesia Foreign Direct Investment YoY Q1 France Consumer Confidence APR UK GDP Growth Rate QoQ Prel Q1 UK GDP Growth Rate YoY Prel Q1 US S&P/Case-Shiller Home Price MoM FEB US S&P/Case-Shiller Home Price YoY FEB US CB Consumer Confidence APR US Richmond Fed Manufacturing Index APR Spanyol Retail Sales MoM MAR Euro Area Loan Growth YoY MAR Italy Business Confidence APR Italy Consumer Confidence APR Euro Area Business Confidence APR Euro Area Consumer Confidence Final APR Euro Area Economic Sentiment APR Euro Area Industrial Sentiment APR Germany Inflation Rate YoY Prel APR Germany Inflation Rate MoM Prel APR US GDP Price Index Adv Q1 US GDP Growth Rate QoQ Adv Q1 US Pending Home Sales MoM MAR US Pending Home Sales YoY MAR US Fed Interest Rate Decision UK Gfk Consumer Confidence APR Japan Industrial Production YoY Prel MAR Japan Industrial Production MoM Prel MAR Japan BoJ Interest Rate Decision Japan Construction Orders YoY MAR Germany Retail Sales MoM MAR Germany Retail Sales YoY MAR Japan BOJ Outlook Report Spanyol GDP Growth Rate QoQ Flash Q1 Spanyol GDP Growth Rate YoY Flash Q1 Spanyol Inflation Rate YoY Prel APR Spanyol Inflation Rate MoM Prel APR Spanyol Business Confidence APR Germany Unemployment Rate APR Euro Area ECB Economic Bulletin Italy Unemployment Rate MAR Spanyol Current Account FEB Euro Area Core Inflation Rate YoY Flash APR Euro Area Inflation Rate YoY Flash APR Euro Area Unemployment Rate MAR Italy Inflation Rate YoY Prel APR Italy Inflation Rate MoM Prel APR US Continuing Jobless Claims 18/APR US Fed's Tarullo Speech US Initial Jobless Claims 25/APR US Personal Income MoM MAR US Personal Spending MoM MAR US EIA Natural Gas Stocks Change 25/APR Japan Tokyo CPI YoY APR Japan Inflation Rate YoY MAR Japan Inflation Rate MoM MAR Japan Unemployment Rate MAR Japan Foreign Bond Investment 25/APR Japan Stock Investment by Foreigners 25/APR China NBS Manufacturing PMI APR China Non Manufacturing PMI APR Japan Markit/JMMA Manufacturing PMI Final APR UK Net Lending to Individuals MoM MAR UK BoE Consumer Credit MAR UK Mortgage Lending MAR UK Markit/CIPS Manufacturing PMI APR UK Mortgage Approvals MAR US Fed's Mester Speech US Markit Manufacturing PMI Final APR US ISM Manufacturing PMI APR US Construction Spending MoM MAR US Michigan Consumer Sentiment Final APR US Fed's Williams Speech US Total Vehicle Sales APR

Sumber :Trading economic

Country EUR GBP USD USD USD EUR JPY IDR EUR GBP GBP USD USD USD USD EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR USD USD USD USD USD GBP JPY JPY JPY JPY EUR EUR JPY EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR USD USD USD USD USD USD JPY JPY JPY JPY JPY JPY CNY CNY JPY GBP GBP GBP GBP GBP USD USD USD USD USD USD USD

Actual 1.00% 3 57.4 57.8 -16

Prior 1.40% 15 59.2 59.2 -17.4 3494.4 -1.80% 10.50% 93 0.60% 3.00% 0.00% 4.60% 101.3 -8 -0.70% -0.10% 103.7 110.9 0.23 -3.7 103.9 -2.9 0.30% 0.50% 0.20% 2.20% 3.10% 12% 0.25% 4 -2.00% -3.10% 0% 1.00% -0.50% 3.60%

Concensus 0.50%

0.70% 2.00% -0.70% 0.60% -1.5 6.40%

0.80% 2.50%

12.70% € -0.4B 0.60% -0.10% 11.30% -0.10% 0.10% 2325K

12.60%

295K 0.40% 0.10% 90Bcf 2.30% 2.20% -0.20% 3.50% ¥ 432.0B ¥ 595.2B 50.1 53.7 50.3 £ 2.5B £ 740M £ 1.7B 54.4 61.76K

290K 0.30% 0.40%

59.5

-7.30% 94 0.50% 2.60% 4.70% 102.5

0.10% 103.7 110.5 0.2 -4.6 103.9 -2.8 0.40% -0.10% 0.40% 1.00% 1.20%

4 -2.30% 0% 0.50% 3.20%

6.40%

0.00% 11.20% -0.10% 0.20%

3.50%

49.7 £ 800M 54.6 62.3K

55.7 51.5 -0.10% 93

54.2 52 0.50% 96

17.2M

16.9M

OSO SECURITIES



RUPS Code BABP ASII NRCA INDY RAJA ELSA BUKK BPFI ASBI BPII BRAU DYAN TOTL NAGA AKRA SIMP LSIP DUTI IPOL BSDE MKPI PNSE MEGA WINS GMTD MICE EMPT BAYU BCAP PUPD

Agenda RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS

Date 28-Apr-15 28-Apr-15 28-Apr-15 29-Apr-15 29-Apr-15 29-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 30-Apr-15 4-May-15 5-May-15 5-May-15 5-May-15 6-May-15 6-May-15 6-May-15 6-May-15 7-May-15 7-May-15 7-May-15 8-May-15 8-May-15 8-May-15 8-May-15 8-May-15 8-May-15

Dividend Code No 1 AUTO 2 CINT 3 MEDC 4 PTRO 5 TGKA 6 TRIS 7 SCMA 8 UNTR

Time 14.00 8.30 10.00 10.00 10.00 14.30 10.00 10.00 16.00

Place MNC Tower, Auditorium Lantai B2 Jl. Kebon Sirih No. 17-19 Jakarta Pusat Ballroom 1, The Ritz Carlton Kajarta, Pacific Place Jl. Jend. Sudirman Kav. 52 - 53 Jakarta Selatan 12190 Ruang legian 2 Hotel Grand Melia Jl. H.R. Rasuna Said Blok X-0, Kav. Kuningan Jakarta 12950 Hotel The Ritz Carlton Jakarta Jl. Lingkar Mega Kuningan E.1.1 Kav. 1 Jakarta 12950 Intercontinental mid plaza hotel Ruang Udaya - Graha Elnusa lantai 1 Jl. TB Simatupang kav 1B Jakarta Selatan PT Bukaka Teknik Utama Tbk Engineering Center Jl. Raya Narogong , Bekasi Km. 19,5 Limusnunggal Cileungsi, Bogor 16 Ruang Rapat PT Batavia Prosperindo Finance Tbk Gedung Chase Plaza Lantai 12 Jl. Jend. Sudirman Kav. 21 Grand Ballroom InterContinental Jakarta MidPlaza Hotel at Lobby Level Jl. Jend. Sudirman Kav. 10-11 Jakarta 10220

10.00 Ruang Seminar - Galeri Bursa Efek Indonesia Gedung Bursa Efek Indonesia Tower II, Lantai 1 Jl. Jend. Sudirman Kav. 52

9.00 10.00 13.00 14.00 14.00

JW Marriott Hotel Jakarta, Dua Mutiara 1, Level 2 Jl. DR Ide Anak Agung Gde Agung Kav. E.1.2 No. 1 & 2 Mega Kuninga Wisma Indosemen, Lantai 21 Jl. Jend. Sudirman Kav. 70-71 JW Marriott Hotel Jakarta Dua Mutiara 1, Level 2 Jl. DR Ide Anak Agung Gde Agung Kav. E.1.2 No. 1&2 Mega Kuningan Ruang Kartika, Lantai Basement 2, Pondok Indah Office Tower 1 Jl. Sultan Iskandar Muda, Jakarta Selatan Hotel Jayakarta Jakarta Jl. Hayam Wuruk 126 Jakarta

9.00 9.00 9.30 10.00 14.00 9.30

Alamanda Ballroom, Hotel Aryaduta Makassar Jl. Somba Opu No. 297 - Makassar Hotel Novotel, Green Central City Jl. Gajah Mada No. 188 Jakarta 11120 EPMT Function Room, Gedung A lantai II Jalan Rawa Gelam IV, No. 6 Kawasan Industri Pulo Gadung, Jakarta Timur Ruang Merica I, Lantai 2 Hotel Menara Peninsula Jl. Letjen S. Parman 78 Jakarta 11410 MNC Tower, Auditorium Lantai B2 Jl. Kebon Sirih No. 17-19 Jakarta Pusat Hotel Jayakarta Lantai 12 Jl. Hayam Wuruk No. 126 Jakarta 11180

Cum- Date 27-Apr-15 27-Apr-15 27-Apr-15 27-Apr-15 27-Apr-15 27-Apr-15 28-Apr-15 28-Apr-15

Ex-Date 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 28-Apr-15 29-Apr-15 29-Apr-15

Pay -Date 22-May-15 22-May-15 22-May-15 22-May-15 22-May-15 22-May-15 21-May-15 22-May-15

Ammount (IDR) 48.00 6.00 USD 0.00121 USD 0.00168 94.50 9.50 70.00 545.00

IPO

No Company 1 PT PP Property

Business Line Property & Real Estate

Underwriter CIMB Niaga, Danareksa, Mandiri, Bahana, CLSA

Listing Date IPO Price Shares (Mn) 18-May-15 185-320 4,912.35

OSO SECURITIES



RESEARCH TEAM Supriyadi ([email protected])

Head of Research

+62 21 2991 5300

Mohammad Alfi Syahr ([email protected])

Research Analyst

+62 21 2991 5300

HEAD OFFICE

Cyber 2 Tower, 22nd Floor Jl. HR. Rasuna Said Blok X-5 No. 13 Jakarta Selatan 12950 Tel: +62-21-299-15-300 Fax : +62-21-290-21-497 BRANCHES Semarang Jl. Dr. Cipto No. 96 C - D Semarang, Jawa Tengah Tel: 024 - 3575511

Yogyakarta Galeri Investasi UIN Sunan Kalijaga Jl. Marsda Adisucipto Yogyakarta 55281 Tel: +62-274 55 31 63 Fax: +62-274 55 31 63

Akastiebi STIE Bisnis Indonesia Kampus Kebayoran AKA Building Jl. Bangka Raya No.2 Kebayoran Baru Jakarta Selatan Tel: +62-21 717 945 52 (General) Fax: +62 –21 717 944 65

Solo Solo Centre Point Jl. SlametRiyadi 373, Ruko A7B, Purwosari, Solo JawaTengah Tel: +62-271 717 909 Fax: +62-271 710 689

Bandung Grand Royal Panghegar lnt 2,10-11 JL. Merdeka No 2 Bandung, Jawa Barat Tel: +62-22 424 0269 (General) Fax +62-22 424 0279

Surabaya Jl. Dr. Sutomo No. 97C Fl. 5th,Surabaya JawaTimur Tel: +62-31 563 0234 (Hunting) Fax: +62-31 5630 26

Bali Shopping Archade A-4 JL. PantaiKuta The Stones Hotel Bali, Indonesia Tel: 0361-754020, 0361-757037 Fax : 0361–754779

Jember Jember Business Centre (JBC) Jl. Trunojoyo No. 26 Blok A-8, Jember JawaTimur Tel: +62-331 421050 (Hunting) Fax: +62-331 420320

Medan Mandiri Building Fl. VII Jl. Imam Bonjol No. 16 D Medan, Sumatera Utara Tel: +62-614539955 Fax: +62-614529427

Makasar Jl. Pengayoman no.118 (sampingcarefour) Makassar, Sulawesi Selatan Tel: 0411 - 439 050 Fax. 0411 - 431 373

Malang Ruko Borobudur Bisnis Center Jl. Terusan Borobudur Kav. 5 Malang, JawaTimur Tel: 0341 - 407771

DISCLAIMER This report has been prepared by PT OSO Securities on behalf of itself and its affiliated companies and is provided for information purposes only. Under no circumstance.is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has been produced independently and the forecasts, opinions and expectations contained herein are entirely those of PT. OSO Securities. We expressly disclaim any responsibility or liability (express or implied) of PT. OSO Securities, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action , suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT. OSO Securities, its affiliated companiesor their respective employees or agents accepts liability for any errors, omissions or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. The information contained in this report is not be taken as any recommendation made by PT. OSO Securities or any other person to enter into any agreement with regard to any investment mentioned in this document. This report is prepared for general circulation. It does not have regards tothe specific person who may receive this report. In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice.

OSO SECURITIES. OSO Daily 29 April 2015 JCI 5, %

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