I N D O N E S I A
R e t a i l
M a r k e t
M o n i t o r
Fri day , 30 S ept em ber 2016
PRICE CHART
MARKET NEWS
^JKSE - Weekly 9/23/2016 Open 5289.12, Hi 5411.61, Lo 5275.19, Close 5388.91 (2.3%) MA(Clo se,21) = 5,083.84
Pada perdagangan kemarin indeks BEI dibuka dengan kecenderungan menguat hingga sempat menyentuh level tertinggi harian 5474.31 dan sekaligus merupakan resisten indeks. Minat jual disekitar level tersebut cenderung meningkat sehingga indeks akhirnya tutup hanya menguat tipis +6.62 poin pada level 5431.96. Nilai transaksi di pasar reguler juga relatif tinggi sebesar Rp6.22 triliun dan mengindikasikan tekanan jual yang terjadi cukup kuat. Pola pergerakan indeks tersebut memberikan signal bahwa indeks dalam jangka pendek berpotensi melakukan konsolidasi. Secara umum, sentimen pasar kemarin cenderung positif menyusul laporan perkembangan tax amnesty yang positif, nilai tukar Rupiah yang stabil disekitar Rp12900-13000/US$ dan indeks kawasan regional yang menguat.
5,500 5,400 5,388.91 5,300 5,200 5,100 5,083.84 5,000 4,900 4,800 4,700 4,600 4,500 4,400 4,300 4,200 4,100 4,000 3,900 3,800 Apr
Jul
Oct
2014
Apr
Jul
Oct
2 015
Apr
Jul
Oct
2016
Apr
Jul
^JKSE - RSI(14) = 67.20 67.198770
30 ^JKSE - Volume = 22,878 ,220,288.00, MA(Volume,5) = 23,717,758,976.00
Indeks Dow Jones dan Nasdaq pada perdagangan semalam ditutup melemah cukup signifikan akibat aksi jual pada saham Deutsche Bank (DB) menyusul laporan bahwa 10 Hedge Fund telah mengurangi exposure mereka di Deutsche Bank. Deutche Bank dikhawatirkan akan lumpuh oleh potensi penyelesaian dengan Departemen Kehakiman AS senilai US$14 miliar atas dugaan transaksi trading error derivative mortgage. Melemahnya saham DB turut memberikan sentimen negatif terhadap saham-saham sektor perbankan sehingga berdampak cukup signifikan terhadap penurunan indeks Dow Jones. Melemahnya indeks global tersebut diikuti oleh pergerakan indeks kawasan regional yang pagi ini cenderung melemah sehingga diperkirakan dapat memberikan sedikit sentimen negatif terhadap pasar BEI pada hari ini. Aspek teknikal, indeks pada perdagangan hari ini diperkirakan akan mengalami pullback terbatas. Adanya pembentukan gap kecil pada perdagangan kemarin diperkirakan akan tertutup pada perdagangan hari ini. Range pergerakan hari ini diperkirakan akan berkisar antara 5,370-5,490.
30,000M 23,717,758,976 25,000M 22,878,220,288 20,000M 15,000M Created with Am iBroker - adv anced charting and techni cal analysis software. http://www.amibroker.com
KEY INDICES Prev Close MSCI Indonesia MSCI Asia-Ex Japan KLCI FSSTI SET Hang Seng Nikkei Shanghai Comp Dow Jones
6,555.6 557.4 1,669.6 2,885.7 1,491.4 23,739.5 16,693.7 2,998.5 18,143.5
Chg (%) 39.9 1.2 4.7 27.7 11.9 119.8 228.3 10.6 (195.8)
YTD (%) 0.6 0.2 0.3 1.0 0.8 0.5 1.4 0.4 (1.1)
Source: Bloomberg
TOP VOLUME W H AT ’ S I N T H E PA C K
PTBA– BUY
ELSA– BUY
Harga masih terlihat bergerak positif sehingga aksi beli dapat dilakukan di level Rp10,025 dengan target keuntungan di level Rp10,900.
Harga membentuk candlestick bullish sehingga aksi beli dapat dilakukan di level Rp472 dengan target keuntungan di level Rp500.
Stock Aneka Tambang Elnusa Telkom Indonesia Pakuwon Jati Sentul City
Price (Rp) 830 472 4,290 690 94
Chg (%) 4.4 11.8 0.9 3.0 (3.1)
Vol (‘000) 441,474 353,328 130,275 124,439 102,678
TOP GAINERS Stock Elnusa Hexindo Adiperkasa Adaro Energy XL Axiata Indo Tambangraya
Price (Rp) 472 4,010 1,280 2,750 11,250
Chg (%) 11.8 10.8 6.7 6.6 5.9
Vol (‘000) 353,328 2,568 72,293 36,161 2,321
TOP LOSERS Stock Central Proteinaprima Polaris Investama Matahari PP Sentul City Kalbe Farma
w w w . u t r a d e . c o . i d
Price (Rp) 52 900 1,820 94 1,745
Chg (%) (5.5) (3.2) (3.2) (3.1) (2.8)
Vol (‘000) 59,876 1,870 4,091 102,678 21,378
1
I N D O N E S I A
R e t a i l
M a r k e t
M o n i t o r
Fri day , 30 S ept em ber 2016
TRADERS’ CORNER
Tambang Batubara Bukit Asam (PTBA IJ) Technical buy with 8% potential return Resistance : Rp10,500 & Rp10,900 Support : Rp9,550 & Rp9,300 Pergerakan harga saham PTBA pada perdagangan kemarin terlihat bergerak positif dan siap untuk melanjutkan kenaikannya pada perdagangan hari ini. Harga membentuk candlestick bullish dan bertahan diatas garis moving average 20harinya. Pergerakan indikator harian juga terlihat positif dan volume perdagangan tercatat lebih tinggi dari hari-hari biasanya. Aksi beli dapat dilakukan di level Rp10,025 dengan target keuntungan di level Rp10,900.
Elnusa (ELSA IJ) Technical buy with 6% potential return Resistance : Rp505 & Rp525 Support : Rp455 & Rp425 Pergerakan harga saham ELSA pada perdagangan kemarin menunjukkan pembentukan candlestick bullish yang menguat signifikan. Harga juga melakukan penembusan garis moving average 20harinya sehingga penguatan diperkirakan akan berlanjut. Pergerakan indikator harian juga menunjukkan pola pembalikan dimana hal ini didukung oleh volume perdagangan yang naik tajam dibandingkan hari-hari biasanya. Aksi beli dapat dilakukan di level Rp472 dengan target keuntungan di level Rp500.
w w w . u t r a d e . c o . i d
2
I N D O N E S I A
R e t a i l
M a r k e t
M o n i t o r
Fri day , 30 S ept em ber 2016
CORPORATE NEWS PT PP (PTPP): Perseroan melalui anak usahanya, PT PP Energi sedang mengikuti proses tender proyek pembangkit listrik senilai total Rp21 triliun. Perseroan saat ini telah masuk dalam daftar penawar terendah untuk pembangkit listrik tenaga uap (PLTU) 2x200MW di Meulaboh Aceh dengan nilai investasi sekitar Rp8 triliun. Perseroan saat ini tinggal menunggu penetapan dari PLN. Perseroan dalam proyek tersebut memiliki saham sebesar 25% dan sisanya dimiliki oleh mitra dari Tiongkok dan Domestik. Selain itu, Perseoran saat ini sedang mengikuti 2 proses tender PLTG yaitu PLTG 250 MW di Riau dan PLTG 500MW Jawa III dengan nilai investasi masingmasing Rp4 triliun dan 9 triliun. Perseroan pada setiap proyek tergabung dalam konsorsium. (Investor Daily) Mitra Pinasthika Mustika (MPMX): Perseroan melalui anak usahanya, PT Mitra Pinasthika Mustika Finance mendapatkan pinjaman sebesar US$131 juta dari sindikasi bank. Dana pinjaman tersebut akan digunakan untuk memenuhi modal kerja bisnis pembiayaan konsumen dan sewa pembiayaan. Perseroan juga akan melakukan transaksi lindung nilai untuk meminimalisasi risiko nilai tukar asing dan suku bunga. (Investor Daily) Inti Bangun Sejahtera (IBST): Pendapatan usaha 1H16 naik 53.9% menjadi Rp350.06 miliar vs pendapatan usaha 1H15 sebesar Rp227.4 miliar. Laba bersih 1H16 naik 50.6% menjadi Rp177.46 miliar vs laba bersih 1H15 sebesar Rp117.86 miliar. (Investor Daily) Pan Brothers (PBRX): Penjualan 1H16 naik 19% menjadi US$218.76 juta vs penjualan 1H15 sebesar US$183.89 juta. Laba bersih 1H16 naik 173% menjadi US$8.05 juta vs laba bersih 1H15 sebesar US$2.95 juta. (Investor Daily) Visi Media Asia (VIVA): Perseroan menurunkan jumlah saham yang akan dilepas (divestasi) menjadi 7.15% dari target semula maksimal sebanyak 15%. Perseroan berpeluang mendapatkan dana sebesar Rp939.04 miliar. Dana hasil divestasi akan digunakan untuk melunasi premi kepada Credit Suisse sehubungan dengan pelaksanaan pelunasan dipercepat atas utang Perseroan. (Investor Daily) Asuransi Multi Artha Guna (AMAG): Grup Panin diketahui telah sepakat untuk melepas 80% saham di Perseroan senilai US$225 juta atau setara dengan 2.13x nilai buku kepada Fairfax Asia Limited. Sumber Bisnis Indonesia menyebutkan kesepakatan telah final dan tinggal menunggu persetujuan rapat pemegang saham pada 5 Oktober 2016. Wapresdir Bank Panin Roosniati Salihin membenarkan bahwa Otoritas Jasa Keuangan telah memberikan izin akuisisi. Dia juga membenarkan persetujuan transaksi ini akan diambil dalam RUPS pekan depan. (Bisnis Indonesia) Agung Podomoro Land (APLN): Perseroan menargetkan dapat menyelesaikan pelepasan 2 aset hotel yaitu Pullman Hotel Jakarta dan Sofitel Bali Nusa Dua Resort paling lambat sebelum akhir tahun ini. Kedua hotel tersebut akan dilepas ke manajer investasi pengelola DIRE dengan potensi perolehan dana sebesar Rp3.2 triliun. Dana tersebut akan digunakan untuk membayar pinjaman dan belanja modal tahun depan. (Bisnis Indonesia) PT PP (PTPP): Perseroan hingga pekan kedua September 2016 telah mendapatkan kontrak baru sebesar Rp20.5 triliun atau setara dengan 66% dari target kontrak baru 2016 sebesar Rp31 triliun. (Bisnis Indonesia) Ciputra Development (CTRA): Pendapatan 1H16 turun 6.8% menjadi Rp2.88 triliun vs pendapatan 1H15 sebesar Rp3.09 triliun. Laba bersih 1H16 turun 52.6% menjadi Rp237.98 miliar vs laba bersih 1H15 sebesar Rp502.7 miliar. (Bisnis Indonesia) Ciputra Surya (CTRS): Pendapatan 1H16 turun 7.8% menjadi Rp869.33 miliar vs pendapatan 1H15 sebesar Rp971.96 miliar. Laba bersih 1H16 turun 49.7% menjadi Rp150.15 miliar vs laba bersih 1H15 sebesar Rp298.36 miliar. (Bisnis Indonesia) Ciputra Property (CTRP): Pendapatan 1H16 naik 27% menjadi Rp870.67 miliar vs pendapatan 1H15 sebesar Rp685.67 miliar. Laba bersih 1H16 naik 333% menjadi Rp37.36 miliar vs laba bersih 1H15 sebesar Rp8.63 miliar. (Bisnis Indonesia)
w w w . u t r a d e . c o . i d
3
I N D O N E S I A
R e t a i l
M a r k e t
M o n i t o r
Fri day , 30 S ept em ber 2016
Waran No.
Waran
Kode
1
WARAN SERI I BUANA LISTYA TAMA Tbk
BULL-W
170
22-Mei-14
2
WARAN SERI II KRESNA GRAHA SEKURINDO Tbk
KREN-W
180
08-Jul-14
3
WARAN SERI I POOL ADVISTA INDONESIA Tbk
POOL-W
262
11-Jul-14
4
WARAN SERI I STAR PETROCHEM Tbk
STAR-W
102
13-Jul-14
5
WARAN SERI V CLIPAN FI NANCE INDONESI A Tbk
CFIN-W5
450
06-Okt-14
6
WARAN SERI II ASURANSI MULTI ARTHA GUNA Tbk
AMAG-W2
175
09-Okt-14
7
WARAN SERI V PANIN FINANCIAL Tbk
PNLF-W5
130
07-Nop-14
8
WARAN SERI I CENTRAL OMEGA RESOURCES Tbk
DKFT-W
250
05-Des-14
9
WARAN SERI I EUREKA PRIMA JAKARTA Tbk
LCGP-W
0
10-Nop-14
WARAN SERI I INOVIS I INFRACOM Tbk WARAN SERI I BEKASI FAJAR INDUSTRI AL ESTATE Tbk
INVS-W
165 200
08-Mei-15 10-Apr-15
Waran Seri I Gading Development Tbk WARAN SERI I NIRVANA DEVELOPMENT Tbk
GAMA-W
13
NIRO-W
105 110
16-Jul-15 11-Sep-15
14
WARAN SERI I BANK SINAR MAS Tbk
BSIM-W
149
11-Des-15
15
WARAN SERI II SUGIH ENERGY Tbk
SUGI-W
100
21-Mei-15
16
Waran Seri I Bank Windu Kentjana International Tbk
MCOR-W
200
10-Jul-15
17
WARAN SERI I SOLUSI TUNAS PRATAMA Tbk
SUPR-W
4800 28-Agust-15
18 19
WARAN SERI II MOBILE-8 TELECOM Tbk WARAN SERI I NUSA RAYA CIPTA Tbk
FREN-W NRCA-W
1000 1.050
05-Jan-16 27-Jun-16
20
WARAN SERI VI BANK VICTORIA INTERNATIONAL Tbk
BVIC-W3
100
01-Jul-16
21
WARAN SERI I VICTORI A INVESTAMA Tbk
VICO-W
125
08-Jul-16
22
WARAN SERI II PANORAMA TRANSPORTASI Tbk
WEHA-W
175
12-Jul-16
23
WARAN SERI I MULTI AGRO GEMILANG PLANTATION Tbk
MAGP-W
160
15-Jul-16
24
MCOR-W2
25
WARAN SERI II BANK WINDU KENTJANA INTERNATIONAL Tbk WARAN SERI I TIPHONE MOBI LE INDONESIA Tbk
TELE-W
190 310
02-Des-16 10-Jan-17
26
WARAN SERI I ASURANSI MITRA MAPARYA Tbk
AS MI-W
360
13-Jan-17
27
WARAN SERI I BANK PANIN SYARIAH Tbk
PNBS-W
110
14-Jan-17
28
WARAN SERI II BANK SINARMAS TBK
BSIM-W2
250
29-Jun-17
29
Waran Seri I Trisula International Tbk
TRIS-W
300
28-Jun-17
30
Waran Seri I Tri Banyan Tirta Tbk
ALTO-W
260
07-Jul-17
31
BIPP-W
32
Waran Seri III Bhuwanatala Indah Permai Tbk WARAN SERI I SARASWATI GRIYA LESTARI Tbk
HOTL-W
100 220
13-Des-17 09-Jan-18
33
WARAN SERI II BANK CAPITAL INDONESIA Tbk
BACA-W
100
08-Okt-18
34
WARAN SERI I ARPENI PRATAMA OCEAN LINE Tbk
APOL-W
120
28-Jun-22
10 11 12
w w w . u t r a d e . c o . i d
BEST-W
EXE_Price
Maturity
4
I N D O N E S I A
R e t a i l
M a r k e t
M o n i t o r
Fri day , 30 S ept em ber 2016
Disclosures/Disclaimers This report is prepared by PT UOB Kay Hian Securities (“PT UOBKH”), a licensed broker dealer registered in the Republic of Indonesia and a member of the Indonesia Stock Exchange (“IDX”) This report is provided for information only and is not an offer or a solicitation to deal in securities or to enter into any legal relations, nor an advice or a recommendation with respect to such securities. This report is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any recipient hereof. Advice should be sought from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation, before the person makes a commitment to purchase the investment product. This report is confidential. This report may not be published, circulated, reproduced or distributed in whole or in part by any recipient of this report to any other person without the prior written consent of PT UOBKH. This report is not directed to or intended for distribution to or use by any person or any entity who is a citizen or resident of or located in any locality, state, country or any other jurisdiction as PT UOBKH may determine in its absolute discretion, where the distribution, publication, availability or use of this report would be contrary to applicable law or would subject PT UOBKH and its associates and its officers, employees and representatives to any registration, licensing or other requirements within such jurisdiction. The information or views in the report (“Information”) has been obtained or derived from sources believed by PT UOBKH to be reliable. However, PT UOBKH makes no representation as to the accuracy or completeness of such sources or the Information and PT UOBKH accepts no liability whatsoever for any loss or damage arising from the use of or reliance on the Information PT UOBKH and its associate may have issued other reports expressing views different from the Information and all views expressed in all reports of PT UOBKH and its connected persons are subject to change without notice. PT UOBKH reserves the right to act upon or use the Information at any time, including before its publication herein. Except as otherwise indicated below, (1) PT UOBKH, its associates and its officers, employees and representatives may, to the extent permitted by law, transact with, perform or provide broking, underwriting, corporate finance-related or other services for or solicit business from, the subject corporation(s) referred to in this report; (2) PT UOBKH, its associate and its officers, employees and representatives may also, to the extent permitted by law, transact with, perform or provide broking or other services for or solicit business from, other persons in respect of dealings in the securities referred to in this report or other investments related thereto; (3) the officers, employees and representatives of PT UOBKH may also serve on the board of directors or in trustee positions with the subject corporation(s) referred to in this report. (All of the foregoing is hereafter referred to as the “Subject Business”); and (4) PT UOBKH may otherwise have an interest (including a proprietary interest) in the subject corporation(s) referred to in this report. As of the date of this report, no analyst responsible for any of the content in this report has any proprietary position or material interest in the securities of the corporation(s) which are referred to in the content they respectively author or are otherwise responsible for. IMPORTANT DISCLOSURES FOR U.S. PERSONS This research report is prepared by PT UOBKH, a company authorized, as noted above, to engage in securities activities in Indonesia. PT UOBKH is not a registered broker-dealer in the United States and, therefore, is not subject to U.S. rules regarding the preparation of research reports and the independence of research analysts. This research report is provided for distribution by PT UOBKH (whether directly or through its US registered broker dealer affiliate named below) to “major U.S. institutional investors” in reliance on the exemption from registration provided by Rule 15a-6 of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). All US persons that receive this document by way of distribution from or which they regard as being from PT UOBKH by their acceptance thereof represent and agree that they are a major institutional investor and understand the risks involved in executing transactions in securities. Any U.S. recipient of this research report wishing to effect any transaction to buy or sell securities or related financial instruments based on the information provided in this research report should do so only through UOB Kay Hian (U.S.) Inc (“UOBKHUS”), a registered brokerdealer in the United States. Under no circumstances should any recipient of this research report effect any transaction to buy or sell securities or related financial instruments through PT UOBKH UOBKHUS accepts responsibility for the contents of this research report, subject to the terms set out below, to the extent that it is delivered to and intended to be received by a U.S. person other than a major U.S. institutional investor. The analyst whose name appears in this research report is not registered or qualified as a research analyst with the Financial Industry Regulatory Authority (“FINRA”) and may not be an associated person of UOBKHUS and, therefore, may not be subject to applicable restrictions under FINRA Rules on communications with a subject company, public appearances and trading securities held by a research analyst account.
w w w . u t r a d e . c o . i d
5
I N D O N E S I A
R e t a i l
M a r k e t
M o n i t o r
Fri day , 30 S ept em ber 2016
Analyst Certification/Regulation AC Each research analyst of PT UOBKH who produced this report hereby certifies that (1) the views expressed in this report accurately reflect his/her personal views about all of the subject corporation(s) and securities in this report; (2) the report was produced independently by him/her; (3) he/she does not carry out, whether for himself/herself or on behalf of PT UOBKH or any other person, any of the Subject Business involving any of the subject corporation(s) or securities referred to in this report; and (4) he/she has not received and will not receive any compensation that is directly or indirectly related or linked to the recommendations or views expressed in this report or to any sales, trading, dealing or corporate finance advisory services or transaction in respect of the securities in this report. However, the compensation received by each such research analyst is based upon various factors, including PT UOBKH total revenues, a portion of which are generated from PT UOBKH business of dealing in securities. Reports are distributed in the respective countries by the respective entities and are subject to the additional restrictions listed in the following table. General This report is not intended for distribution, publication to or use by any person or entity who is a citizen or resident of or located in any country or jurisdiction where the distribution, publication or use of this report would be contrary to applicable law or regulation. Hong Kong This report is distributed in Hong Kong by UOB Kay Hian (Hong Kong) Limited ("UOBKHHK"), which is regulated by the Securities and Futures Commission of Hong Kong. Neither the analyst(s) preparing this report nor his associate, has trading and financial interest and relevant relationship specified under Para. 16.4 of Code of Conduct in the listed corporation covered in this report. UOBKHHK does not have financial interests and business relationship specified under Para. 16.5 of Code of Conduct with the listed corporation covered in this report. Where the report is distributed in Hong Kong and contains research analyses or reports from a foreign research house, please note: (i) recipients of the analyses or reports are to contact UOBKHHK (and not the relevant foreign research house) in Hong Kong in respect of any matters arising from, or in connection with, the analysis or report; and (ii) to the extent that the analyses or reports are delivered to and intended to be received by any person in Hong Kong who is not a professional investor, or institutional investor, UOBKHHK accepts legal responsibility for the contents of the analyses or reports only to the extent required by law. Indonesia This report is distributed in Indonesia by PT UOB Kay Hian Securities, which is regulated by Financial Services Authority of Indonesia (“OJK”). Where the report is distributed in Indonesia and contains research analyses or reports from a foreign research house, please note recipients of the analyses or reports are to contact PT UOBKH (and not the relevant foreign research house) in Indonesia in respect of any matters arising from, or in connection with, the analysis or report. Malaysia Where the report is distributed in Malaysia and contains research analyses or reports from a foreign research house, the recipients of the analyses or reports are to contact UOBKHM (and not the relevant foreign research house) in Malaysia, at +603-21471988, in respect of any matters arising from, or in connection with, the analysis or report as UOBKHM is the registered person under CMSA to distribute any research analyses in Malaysia. Singapore This report is distributed in Singapore by UOB Kay Hian Private Limited ("UOBKH"), which is a holder of a capital markets services licence and an exempt financial adviser regulated by the Monetary Authority of Singapore. Where the report is distributed in Singapore and contains research analyses or reports from a foreign research house, please note: (i) recipients of the analyses or reports are to contact UOBKH (and not the relevant foreign research house) in Singapore in respect of any matters arising from, or in connection with, the analysis or report; and (ii) to the extent that the analyses or reports are delivered to and intended to be received by any person in Singapore who is not an accredited investor, expert investor or institutional investor, UOBKH accepts legal responsibility for the contents of the analyses or reports only to the extent required by law. Thailand This report is distributed in Thailand by UOB Kay Hian Securities (Thailand) Public Company Limited, which is regulated by the Securities and Exchange Commission of Thailand. United This report is being distributed in the UK by UOB Kay Hian (U.K.) Limited, which is an authorised person in the meaning Kingdom of the Financial Services and Markets Act and is regulated by The Financial Conduct Authority. Research distributed in the UK is intended only for institutional clients. United This report cannot be distributed into the U.S. or to any U.S. person or entity except in compliance with applicable U.S. States of laws and regulations. It is being distributed in the U.S. by UOB Kay Hian (US) Inc, which accepts responsibility for its America contents. Any U.S. person or entity receiving this report and wishing to effect transactions in any securities referred to in (‘U.S.’) the report should contact UOB Kay Hian (US) Inc. directly.
Copyright 2016, PT UOB Kay Hian Securities. All rights reserved. http://research.uobkayhian.com
w w w . u t r a d e . c o . i d
6
