OSO SECURITIES. OSODaily 23 Juli 2015 JCI 4, (36.84) 0.76%

OSO SECURITIES

OSODaily 23 Juli 2015

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JCI 4,906.69 Previous 4,869.85 Highest 4,906.69 Volbn 3.79 NetForg 1DIDRbn 95.75 Return YTD (%) (6.13) 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 2,097.91 MINING 1,041.51 MISC INDUSTRY 1,180.64 BASIC INDUSTRY 425.80 CONSUMER GOODS 2,197.98 PROPERTY 521.86 INFRASTRUKTUR 1,015.23 FINANCE 691.89 MANUFAKTURE 1,233.09 TRADE 905.12 LQ 45 832.88 SRI-KEHATI 281.49 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) InflasiYoY InflasiMoM BI Rate GDP Growth YoY Foreign Reserve (Bn) Mutual Fund Oso Sustainability Fund OsoSyariah Equity Fund Source: Bloomberg

(36.84)

0.76%

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

Chg%

17,851.04 2,114.15 5,171.77 23.07

(0.38) (0.24) (0.70) (0.60)

0.16 2.68 9.20 (15.93)

6,667.34 5,082.57 11,520.67

(1.50) (0.47) (0.72)

1.54 18.95 17.49

20,593.67 4,026.05 8,918.70 2,064.73 1,729.53 3,359.17 28,517.21 25,282.62 Last 2,073.26 1,020.85 1,200.69 426.89 2,214.68 524.34 1,023.87 701.63 1,243.98 910.72 842.59 284.18 Last 49.28 11,470.00 14,800.00 1,094.68 5,361.00 2,205.00 60.00 Last 13,375.00 9,907.13 14,634.59 9,809.63 108.09 20,903.67 CB Rate (%) 0.25 0.05 0.50 0.10 4.85 Last 5.72 8.17 8.28 7.26 0.54 7.50 4.71 108.03 NAV/Unit 946.44 972.19

(1.19) 0.21 (0.97) (0.91) (0.38) (0.36) 1.19 (0.99) Chg% (1.17) (1.98) 1.70 0.26 0.76 0.48 0.85 1.41 0.88 0.62 1.17 0.95 Chg% 0.18 (1.76) (3.58) 0.04 (1.72) (0.54) 0.08 Chg% (0.02) (0.52) (0.78) (0.35) (0.48) (0.34) CPI YoY (%) 0.10 0.20 0.00 0.50 1.40 Chg% (1.49) 0.12 0.10

18.01 24.47 (4.17) 7.79 (1.80) (0.18) 3.70 7.11 YTD% (11.82) (25.43) (8.14) (21.48) 1.69 (0.11) (11.76) (4.10) (6.83) 3.65 (6.23) (5.14) YTD% (7.49) (24.29) (23.71) (7.61) (14.90) (3.75) (3.77) YTD% (7.38) 2.45 2.93 (4.43) (4.12) (7.73) GDP YoY (%) 2.90 1.00 2.90 -0.90 7.00 YTD% (3.13) 6.06 6.21

1 Mth (%) (2.08) 0.50

4,859.46 5,051.30 4,989.14 4,687.70 (0.08) YTD%

Market Review Setelah libur lebaran berakhir IHSG mampu melaju meski masih sedikit tertahan. Masuknya dana asing ke pasar domestik akhirnya mampu menopang IHSG ke level 4,906.69 atau naik sebesar 0,76% pada perdagangan Rabu (22/7). Sentiment dalam negeri justru tidak terlalu berpengaruh, penguatan IHSG terjadi di tengah terseretnya bursa regional pasca rilisnya data All Industry Activity Index MoM May dan Trade Balance Jepang yang negatif. Hal ini menyebabkan para investor cenderung lebih berhati-hati dalam melakukan transaksi sampai keadaan market kembali kondusif. Mayoritas indeks sektoral terlihat mengalami kenaikan dimana sektor misc industry memimpin penguatan sebesar 1,70% dan diikuti sektor finance yang naik sebesar 1,41%. Dari data tercatat hanya dua sektor yang mengalami pelemahan yakni sektor agriculture dan mining. Investor asing membukukan net buy sebesar Rp 95,75 miliar. Global Market Sementara itu, seluruh bursa Wall Street berakhir negatif seiring dengan kinerja perusahaan teknologi yang buruk dan tidak sesuai dengan ekspektasi. Pelemahan terjadi di tengah positifnya data MBA Mortgage Applications dan Existing Home Sales yang rilis kemarin. Indeks Dow Jones melemah 0,38% ke level 17,851.04, S&P 500 minus 0,24% ke level 2,114.15 dan Nasdaq turun 0,70% ke level 5,171.77. JCI Prediction Kami memprediksikan IHSG akan bergerak variatif dengan kecenderungan melanjutkan penguatan yang terjadi pada akhir perdagangan kemarin setelah sebelumnya bergerak sideways sepanjang perjalanannya. Secara teknikal, IHSG masih belum mampu menembus garis middle Bollinger band. Namun, indicator MACD Histogram dan Stochastic menunjukkan adanya indikasi penguatan yang akan terjadi. IHSG diperkirakan akan bergerak di kisaran 4,875 – 4,940. Highlight News        

PTPP Utamakan Pelabuhan & Pembangkit MAGP di Suspensi BEI Sinarmas Akan Cari Mitra Untuk Bangun Power Plant CTRA Raih Marketing Sales Rp 4,3 Triliun RIMO Bidik Pendapatan Rp523 Miliar SGRO Siap Produksi Sagu di Papua SMGR Matangkan 2 Proyek Pabrik BCIC Targetkan Rp 250 Miliar

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Today News PTPP Utamakan Pelabuhan & Pembangkit PT Pembangunan Perumahan (Persero) Tbk (PTPP) berencana memprioritaskan sektor pelabuhan dan pembangkit listrik sebagai proyek yang bakal didanai menggunakan dana dari hasil right issue. Right issue itu bakal dilakukan oleh perseroan apabila usulan penyertaan modal negara (PMN) senilai Rp2 triliun yang diajukan oleh Kementerian BUMN diterima oleh DPR dalam Rancangan APBN 2016. MAGP di Suspensi BEI Bursa Efek Indonesia menghentikan perdagangan sementara saham PT Multi Agro Gemilang Plantation Tbk. (MAGP) akibat adanya permohonan penundaan kewajiban pembayaran utang (PKPU). Pihak perseroan mengatakan bahwa manajemen MAGP telah mengirimkan surat kepada BEI terkait panggilan dari Pengadilan Negeri/Niaga/ HAM/TPKor dan Hubungan Industrial Jakarta Pusat untuk menghadap di persidangan dengan perkara PKPU. Sinarmas Akan Cari Mitra Untuk Bangun Power Plant Grup Sinarmas menjajaki peluang untuk bermitra dengan pihak lain dalam rencana membangun pembangkit listrik di dua kawasan industri milik kelompok bisnis itu yang berada di Bekasi dan Karawang, dengan kapasitas 120 MW-180 MW. Perseroan akan kerja sama dengan pemain power plant yang sudah berpengalaman. CTRA Raih Marketing Sales Rp 4,3 Triliun PT Ciputra Development Tbk.(CTRA) membukukan pendapatan prapenjualan (marketing sales) sebesar Rp4,3 triliun hingga paruh pertama tahun ini. Jumlah itu setara dengan 39,4% dari target Rp10,9 triliun yang di rencanakan perseroan pada tahun ini. Walaupun begitu, perolehan itu lebih tinggi dibandingkan dengan periode yang sama tahun lalu. Perolehan marketing sales pada semester I tahun lalu mencapai Rp3 triliun. RIMO Bidik Pendapatan Rp523 Miliar PT Rimo Internasional Lestari Tbk (RIMO) menargetkan pendapatan perseroan, setelah mengakuisisi PT Hokindo Mediatama pada 2016, mencapai Rp523 miliar. PT Hokindo memang masih merugi hingga Rp1,92 miliar pada kuartal I/2015. Namun, perusahaan ini memiliki land bank yang besar dan tersebar di sejumlah wilayah seperti Jakarta, Cianjur, Serang, Sumbawa, Banjar masin, Kendari, Balikpapan, Pontianak, dan Bekasi. SGRO Siap Produksi Sagu di Papua PT Sampoerna Agro Tbk (SGRO) akan semakin fokus dalam menggarap produksi komoditas sagu, melalui pengembangan fasilitas produksi di Papua pada tahun ini. Kedepannya pengembangan sagu akan serupa dengan yang telah di lakukan oleh perseroan di kawasan Selat Panjang, Riau. SMGR Matangkan 2 Proyek Pabrik PT Semen Indonesia (Persero) Tbk (SMGR) terus berupaya merampungkan pembangunan 2 pabrik semen di Rembang, Jawa Tengah dan Indarung, Sumatera Barat dengan realisasi sekitar 40%-50% pada paruh pertama tahun ini. Pembangunan pabrik semen di Rembang telah mencapai sekitar 40%. Pada Maret lalu,perseroan memaparkan realisasi pembangunan pabrik semen itu mencapai 24,73% dalam laporan tahunan 2014. BCIC Targetkan Rp 250 Miliar PT Bank J Trust Indonesia Tbk (BCIC) akan melakukan asset recovery hingga Rp250 miliar untuk menekan rasio kredit bermasalah hingga akhir tahun ini. Hingga semester I/2015, total pemulihan aset sudah mencapai Rp100 miliar. Pemulihan yang digalakan pada tahun ini nantikan akan digunakan untuk membentuk pencadangan dan menutupi rasio kredit bermasalah (non per forming loan/NPL). Pada Maret 2015, rasio NPL gross mencapai 11,22% sedangkan NPL nett mencapai 4,87%.

Sumber: Kontan, Investor Daily, Bisnis Indonesia

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Trading Idea TLKM Pada perdagangan kemarin saham ini ditutup dengan volume yang cukup tinggi dibandingkan sepekan terahir. Indikator MACD memberikan sinyal positif dengan menguatnya volume MACD histogram. Selain itu indikator stochastic oscilator telah membentuk pola goldencross.

Recommendation : Trading Buy Target Price : 2925 Support : 2825 Cutloss : 2800

BMRI Pada perdagangan kemarin saham ini ditutup menguat, setelah sehari sebelumnya mengalami koreksi. Indikator Stochastic Oscilator terlihat menguat bergerak menuju area over bought. Selain itu volume MACD histogram juga terlihat menguat didukung oleh MFI dan Momentum.

Recommendation : Trading Buy Target Price : 10605 Support : 10250 Cutloss : 10140

AKRA Indikator stochastic oscilator bergerak menguat dan memberikan sinyal positif untuk melanjutkan penguatan. Selain itu volume MACD histogram menguat didukung oleh garis yang berusaha membentuk pola golden cross.

Recommendation : Speculative Buy Target Price : 5865 Support : 5635 Cutloss : 5605

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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 24,350 2,760 575 5,750 595 6,950 530 13,550 5,175 10,350 1,195 4,070 10,400 1,115 1,865 2,775 1,245 3,390 52,000 1,020 13,050 2,380 6,125 21,800 10,150 5,825 1,700 1,205 18,125 1,555 1,870 4,250 6,500 4,040 440 3,130 11,600 1,805 990 8,500 2,865 18,375 40,025 3,105 1,870

P/BV 3.31 2.94 0.49 3.94 0.49 2.81 1.63 4.19 1.61 2.66 1.02 1.16 2.35 1.34 2.02 3.99 2.47 2.18 2.91 0.72 5.26 0.98 2.06 3.12 0.99 4.25 8.03 1.58 153.64 1.48 2.84 2.58 1.72 7.88 3.26 12.14 2.71 4.53 2.33 10.96 3.93 1.78 48.18 4.81 6.37

P/E 15.27 10.64 6.14 18.34 11.55 13.31 6.33 16.02 7.23 8.70 6.70 9.67 9.77 12.13 12.14 14.07 11.74 31.61 14.87 10.89 21.47 9.36 11.43 14.09 5.79 20.43 28.97 15.20 22.98 11.30 11.95 11.35 8.78 20.68 8.38 24.22 11.42 17.02 14.01 19.97 15.39 10.90 43.49 20.94 23.24

PEG 0.52 (0.77) (0.00) 1.01 #VALUE! (13.00) 0.39 1.27 0.45 0.77 (0.38) (0.45) 1.32 2.04 0.22 (0.97) 0.41 #VALUE! 0.80 #VALUE! 1.63 0.00 0.34 2.92 (0.53) 0.80 5.22 0.10 1.54 0.67 3.81 (0.47) 0.61 1.32 0.07 2.85 3.50 0.71 (1.80) 6.48 11.60 1.14 7.03 4.79 1.00

BETA 0.12 2.60 0.33 1.04 0.45 1.51 2.34 1.24 1.80 1.83 1.44 0.91 1.77 1.30 1.61 2.27 2.08 0.53 1.02 0.04 1.19 0.53 1.07 1.32 0.44 1.00 0.95 1.98 1.26 0.22 1.07 0.80 0.58 2.00 2.14 0.92 1.38 1.82 1.45 0.34 0.94 0.87 0.78 1.99 2.30

ROA ROE 10.38 16.85 3.14 20.39 1.65 3.85 6.54 17.62 (3.35) (6.16) 7.91 19.50 6.72 18.65 3.19 22.87 2.88 20.20 3.44 27.97 0.82 9.88 1.27 7.37 2.51 21.07 2.08 4.50 15.07 28.78 7.90 13.77 5.93 18.61 (3.25) (14.61) 9.33 16.09 (1.96) (2.82) 10.97 19.55 7.81 10.13 3.98 13.42 18.84 21.27 10.49 15.27 4.46 14.70 17.05 22.69 7.37 16.95 52.06 #N/A N/A 9.80 12.10 13.80 19.55 11.39 24.92 13.26 23.97 4.35 24.91 18.02 45.61 30.94 42.77 16.03 24.20 9.20 26.23 4.39 12.57 5.21 28.40 10.68 21.82 8.83 14.90 41.04 99.87 3.49 14.38 4.76 19.72

DER 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 1.07 0.01 1.35 0.03 0.64 3.88 0.36 0.68 0.26 1.01 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 38.99 (20.17) (195,184.68) 24.16 #N/A N/A (1.17) 25.17 15.62 19.05 13.57 (28.53) (35.57) 9.16 15.56 37.37 (30.67) 35.09 #N/A N/A 24.01 (99.03) 17.22 3,900,000.00 64.29 5.20 (11.76) 36.56 7.32 107.38 23.26 18.79 4.17 (25.00) 12.72 26.44 122.07 10.99 3.60 26.86 (10.82) 5.65 1.63 11.11 7.28 7.81 35.86

Fair Value 23,325 3,660 960 6,050 730 7,325 730 14,000 7,150 13,025 1,300 4,270 12,300 1,645 2,275 3,520 1,455 4,920 58,125 1,055 15,325 3,095 8,425 21,675 16,225 7,525 1,830 1,310 19,375 1,785 2,575 4,480 10,175 4,705 570 3,515 13,775 1,955 1,165 9,100 3,200 21,525 36,600 3,280 1,920

Up-Side Recommendation (4.21) Sell 32.61 Buy 66.96 Buy 5.22 Buy 22.69 Buy 5.40 Buy 37.74 Buy 3.32 Hold 38.16 Buy 25.85 Buy 8.79 Buy 4.91 Hold 18.27 Buy 47.53 Buy 21.98 Buy 26.85 Buy 16.87 Buy 45.13 Buy 11.78 Buy 3.43 Hold 17.43 Buy 30.04 Buy 37.55 Buy (0.57) Sell 59.85 Buy 29.18 Buy 7.65 Buy 8.71 Buy 6.90 Buy 14.79 Buy 37.70 Buy 5.41 Buy 56.54 Buy 16.46 Buy 29.55 Buy 12.30 Buy 18.75 Buy 8.31 Buy 17.68 Buy 7.06 Buy 11.69 Buy 17.14 Buy (8.56) Sell 5.64 Buy 2.67 Hold

Market Cap 38.35 4.97 18.39 22.65 5.68 281.36 10.41 334.08 96.51 255.33 12.63 39.01 242.67 15.83 35.90 45.50 18.88 28.96 100.05 2.76 76.09 23.65 53.78 80.25 11.47 39.61 79.69 27.81 52.89 10.61 26.70 103.03 14.98 19.56 21.19 45.77 68.81 26.04 2.12 40.77 288.79 68.54 305.39 19.09 26.17

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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 4,907 24,350 2,760 575 5,750 595 6,950 530 13,550 5,175 10,350 1,195 4,070 10,400 1,115 1,865 2,775 1,245 3,390 52,000 1,020 13,050 2,380 6,125 21,800 10,150 5,825 1,700 1,205 18,125 1,555 1,870 4,250 6,500 4,040 440 3,130 11,600 1,805 990 8,500 2,865 18,375 40,025 3,105 1,870

Open 4,888 23,975 2,730 600 5,600 605 6,825 530 13,575 5,125 10,325 1,180 4,165 10,200 1,120 1,850 2,735 1,210 3,285 49,250 1,060 12,550 2,510 6,200 21,900 10,900 5,750 1,695 1,160 17,550 1,560 1,870 4,290 6,575 4,010 417 3,005 11,500 1,745 990 8,675 2,880 19,275 40,300 3,080 1,820

High 4,907 24,825 2,795 600 5,850 605 6,950 540 13,575 5,275 10,375 1,195 4,215 10,400 1,120 1,865 2,775 1,250 3,390 52,000 1,060 13,050 2,540 6,225 21,900 10,900 5,825 1,700 1,215 18,125 1,585 1,910 4,290 6,575 4,060 440 3,130 11,600 1,805 990 8,775 2,920 19,300 40,375 3,140 1,900

Low 4,859 23,825 2,730 560 5,600 590 6,750 525 13,275 5,125 10,175 1,160 4,070 10,125 1,095 1,815 2,700 1,210 3,265 48,550 1,020 12,200 2,380 6,025 21,700 10,100 5,725 1,655 1,160 17,175 1,550 1,865 4,155 6,200 4,000 417 2,985 11,425 1,740 975 8,325 2,835 18,300 39,900 3,080 1,820

Year-to-Date (YtD%) -6.13% 0.41% -20.69% -44.71% 39.56% -44.13% -6.40% -5.36% 3.24% -15.16% -11.16% -0.83% -10.06% -3.48% -21.75% 3.32% -26.59% -0.40% -30.32% -14.33% -38.55% -0.38% -34.34% -9.26% -12.80% -33.98% -17.38% -7.10% 18.14% 20.83% -17.72% -26.38% -29.17% -48.00% 13.01% -14.56% -10.57% -28.40% 18.75% -15.38% -12.37% 0.53% 5.91% 23.92% -15.63% 30.51%

MA5

RSI Rec

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

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

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

Bollinger Band Pivot Point Lower Middle Upper 4,838 4,915 4,993 4,890 21,275 24,150 27,000 24,250 1,845 2,235 2,620 2,755 580 725 870 585 5,150 5,650 6,125 5,700 595 670 745 600 6,625 6,900 7,175 6,875 520 560 605 530 13,225 13,525 13,800 13,500 5,150 5,425 5,700 5,175 10,000 10,525 11,050 10,300 1,115 1,170 1,225 1,185 4,065 4,225 4,390 4,130 9,800 10,000 10,225 10,275 1,080 1,155 1,225 1,115 1,640 1,760 1,880 1,850 2,610 2,825 3,045 2,745 1,210 1,290 1,365 1,230 2,950 3,555 4,165 3,335 43,250 46,175 49,075 50,450 1,045 1,110 1,175 1,040 11,825 12,500 13,200 12,725 2,450 2,675 2,905 2,455 6,250 6,625 7,000 6,150 20,575 21,175 21,750 21,825 11,050 12,625 14,200 10,525 5,350 5,700 6,050 5,775 1,620 1,665 1,710 1,690 1,090 1,175 1,255 1,185 16,200 17,125 18,050 17,750 1,520 1,590 1,655 1,565 1,815 1,915 2,015 1,880 4,025 4,235 4,445 4,245 6,525 8,100 9,700 6,475 3,285 3,720 4,155 4,030 401 425 450 429 2,760 2,910 3,060 3,065 11,150 11,925 12,700 11,525 1,580 1,695 1,805 1,775 960 1,000 1,045 985 8,550 8,975 9,400 8,575 2,830 2,890 2,955 2,875 18,375 19,575 20,775 18,825 39,275 40,525 41,750 40,150 2,420 2,825 3,230 3,100 1,455 1,670 1,880 1,855

Support 1 2 4,874 4,843 23,675 23,250 2,715 2,690 570 545 5,550 5,450 595 585 6,800 6,675 525 515 13,425 13,200 5,075 5,025 10,250 10,100 1,170 1,150 4,045 3,985 10,175 10,000 1,105 1,090 1,835 1,800 2,720 2,670 1,210 1,190 3,275 3,210 48,900 47,000 1,020 1,000 12,375 11,875 2,365 2,295 6,075 5,950 21,750 21,625 10,125 9,725 5,750 5,675 1,675 1,645 1,155 1,130 17,375 16,800 1,540 1,530 1,850 1,835 4,205 4,110 6,350 6,100 3,995 3,970 417 406 2,995 2,920 11,475 11,350 1,745 1,710 985 970 8,375 8,125 2,830 2,790 18,325 17,825 39,925 39,675 3,065 3,040 1,805 1,775

Resistance Stop Loss 1 2 Level 4,921 4,937 4,770 24,675 25,250 22,900 2,780 2,820 2,650 610 625 535 5,800 5,950 5,375 610 615 575 7,000 7,075 6,575 540 545 510 13,725 13,800 13,000 5,225 5,325 4,950 10,450 10,500 9,950 1,205 1,220 1,130 4,190 4,275 3,925 10,450 10,550 9,850 1,130 1,140 1,070 1,885 1,900 1,770 2,795 2,820 2,630 1,250 1,270 1,170 3,400 3,460 3,160 52,350 53,900 46,300 1,060 1,080 985 13,225 13,575 11,675 2,525 2,615 2,260 6,275 6,350 5,850 21,950 22,025 21,300 10,925 11,325 9,575 5,850 5,875 5,600 1,720 1,735 1,620 1,210 1,240 1,115 18,325 18,700 16,550 1,575 1,600 1,505 1,895 1,925 1,805 4,340 4,380 4,050 6,725 6,850 6,000 4,055 4,090 3,910 440 452 399 3,140 3,210 2,875 11,650 11,700 11,175 1,810 1,840 1,685 1,000 1,000 955 8,825 9,025 8,000 2,915 2,960 2,750 19,325 19,825 17,550 40,400 40,625 39,075 3,125 3,160 2,995 1,885 1,935 1,745

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

Buy Buy

Buy

Buy Buy Buy Buy

Buy Buy

OSO SECURITIES



Calender Economics

Date Agenda 20-Jul-15 Germany PPI MoM JUN 20-Jul-15 Germany Bundesbank Monthly Report 21-Jul-15 Japan BoJ Monetary Policy Meeting Minutes 22-Jul-15 Franch Business Confidence JUL 22-Jul-15 Italy Retail Sales MoM MAY 22-Jul-15 US Existing Home Sales JUN 22-Jul-15 US Existing Home Sales MoM JUN 23-Jul-15 UK BoE Gov Carney Speech 23-Jul-15 Japan Balance of Trade JUN 23-Jul-15 Japan Exports YoY JUN 23-Jul-15 UK Retail Sales ex Fuel MoM JUN 23-Jul-15 UK Retail Sales ex Fuel YoY JUN 23-Jul-15 UK Retail Sales MoM JUN 23-Jul-15 UK Retail Sales YoY JUN 23-Jul-15 US Continuing Jobless Claims JUL/11 23-Jul-15 US Initial Jobless Claims 18/JUL 23-Jul-15 Euro Area Consumer Confidence Flash JUL 23-Jul-15 US CB Leading Index MoM JUN 24-Jul-15 Japan Nikkei Manufacturing PMI Flash JUL 24-Jul-15 China HSBC Manufacturing PMI Flash JUL 24-Jul-15 Germany Markit/BME Manufacturing PMI Flash JUL 24-Jul-15 Germany Markit Services PMI Flash JUL 24-Jul-15 Euro Area Markit Manufacturing PMI Flash JUL 24-Jul-15 Euro Area Markit Services PMI Flash JUL 24-Jul-15 US Markit Manufacturing PMI Flash JUL 24-Jul-15 US New Home Sales JUN 24-Jul-15 US New Home Sales MoM JUN Sumber :Trading economics

Country Actual EUR -0.10% EUR JPY EUR 102 EUR -0.10% USD 5.49M USD 3.20% GBP JPY ¥ -69.0B JPY 9.50% GBP GBP GBP GBP USD USD EUR USD JPY CNY EUR EUR EUR EUR USD USD USD

Prior Consensus 0.00%

100 0.70% 5.35M 5.10% ¥ -216.0B 2.40% 0.20% 4.40% 0.20% 4.60% 2215K 281K -5.6 0.70% 50.1 49.4 51.9 53.8 52.5 54.4 53.6 546K 2.20%

5.4M

¥ 5.4B 0.30% 5.00% 0.30% 4.90% 2225K 280K -5.68 0.20% 49.7 51.9 54 52.5 54.2 53.7 545K

OSO SECURITIES



RUPS Code COWL INKP SIMA PANR BCIP BWPT ITTG LAPD NIRO SAME

Agenda RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS

Date 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15 25-Jun-15

Time 9.00 9.00 9.00 9.30 10.00 10.00 10.00 10.00 10.00 10.00

DIVIDEN No Code 1 RUIS 2 INAI 3 CTRS 4 CTRP 5 CTRA 6 BMAS RIGHT ISSUE No Code 1 ADHI 2 BIPP 3 CENT 4 HDFA 5 RIMO 6 SRAJ

Place Hotel Lumire, Lantai 2, Ruang Nuri - Beo Jl. Senen Raya No.135, Jakarta Pusat Hotel Le Grandeur Jl. Raya Mangga Dua, Jakarta Hotel Garden Kemang Jl. Kemang Raya/Taman Kemang No. 1 Kebayoran Baru, Jakarta Selatan 12730 Ruang Trully Care, Gedung Panorama Lt. 6 Jl. Tomang Raya No. 63, Jakarta Barat 11440 Gedung Millenium Group Jl. Kwitang I No. 4-6 RT.001 RW.007 Senen, Jakarta Pusat Thamrin Nine Ballroom Ground level, OUB Plaza, ANZ Square, Lobby I Jl. M.H. Thamrin No. 10, Jakarta 10230 Kantor Perseroan Jl. Imam Bonjol No. 68 Jakarta 10310 Panin Hall Lt 4 Gedung Panin Pusat - Senayan Hotel Ritz Carlton, Pacific Place, Jakarta Hotel Crowne Plaza, Room Tiara 1 Jl. Gatot Subroto Kav. 2-3 Jkaarta 12930

Cum- Date 7-Jul-15 7-Jul-15 7-Jul-15 7-Jul-15 7-Jul-15 7-Jul-15

OS 100000 100 5 100000 1 3

IPO No Company 1 Bank Harda International 2 Gelombang Seismic

: : : : : :

Ex-Date 8-Jul-15 8-Jul-15 8-Jul-15 8-Jul-15 8-Jul-15 8-Jul-15

NS 76190 54 2 99111 9 2

Price (IDR) 2000-2700 140 150 190-245 265 200

Business Line Finance Trade & Service

Pay -Date 31-Jul-15 31-Jul-15 28-Jul-15 28-Jul-15 31-Jul-15 31-Jul-15

Ammount (IDR) 10.00 35.00 26.00 6.00 8.00 3.21

Cum

Trade

2-Jul-15 19-Jun-15 6-Jul-15 11-Aug-15 31-Aug-15

9 Jul - 22 Jul 15 26 Jun - 2 Jul 15 13 Jul - 23 Jul 15 19 Agust- 14 Sept 07 Sept-14 Sept

Underwriter

Listing Date 12-Aug-15 13-Aug-15

IPO Price 115-150

Shares (Mn) 950 150

STOCK SPLIT

No Code 1 GDYR 2 TRUS 3 CEKA

OS 1 1 1

: : :

NS 10 2 2

Record 22-Jul-15 29-Jul-15 5-Aug-15

Trade 14-Jul-15 27-Jul-15 3-Aug-15

BONUS ANNOUNCEMENT No Code 1 KIJA 2 MTDL 3 MTLA

OS 237 35 100

NS : : :

5 1 1

Cum- Date 15-Jul-15 29-Jun-15 5-Aug-15

Ex-Date 22-Jul-15 30-Jun-15 6-Aug-15

Record Date 24-Jul-15 2-Jul-15 10-Aug-15

Pay -Date 7-Aug-15 22-Jul-15 25-Aug-15

OSO SECURITIES



RESEARCH TEAM Supriyadi

Head of Research

+62 21 2991 5300

Research Analyst

+62 21 2991 5300

Research Analyst

+62 21 2991 5300

([email protected])

Rifqiyati ([email protected])

RiskaAfriani ([email protected])

HEAD OFFICE

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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

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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

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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. OSODaily 23 Juli 2015 JCI 4, (36.84) 0.76%

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