Friday, December 20, 2013
Sinarmas Investment Research/ 62 21 3925550/
[email protected]
JCI Index 4270
4250 4230
DAILY RESEARCH
IDX Statistics
Closing
JCI
4,196.28
Transaction Value (Rp tn)
6.781
Transaction Volume (mn shares)
7,119
Foreign Net Buy (Sell) (Rp bn)
345.89
Foreign Net Buy (Sell) YTD (Rp tn)
(18.05)
as percentage of last year's
4210
(1.89)
Total Market Capitalization (Rp tn)
4190
Last Price
Previous day
Closed at 4231.98
Key Indices JCI
Previous Day: Pada penutupan perdagangan hari Kamis (19/12), IHSG naik sebanyak 35,698 poin (0,85%) ke level 4231,980. Ada sebanyak 126 saham yang naik, 100 saham yang mengalami koreksi, dan 119 saham yang stagnan. Total perdagangan hari ini sebanyak Rp 4,577 triliun. LQ45 naik 8,428 poin (1,21%) ke level 705,443. Sektor-sektor di zona hijau adalah sektor aneka industri naik 3,18%, sektor manufaktur naik 1,43%, dan sektor industry dasar naik 1,27%. Sektor-sektor di zona merah adalah sektor konstruksi turun 0,42% dan sektor pertambangan turun 0,29%. Foreign net buy sebesar Rp 346,32 miliar. Indeks Nikkei menguat 1,74%. Indeks Straits Times naik 0,10%. Indeks Hang Seng terjerembab 1,10%. Indeks Shanghai melemah 0,95%. Today’s Market: Secara teknikal indeks hari Jumat (20/12), prediksi IHSG akan bergerak menguat di kisaran 4210-4282. Perdagangan pada hari Kamis akan dipengaruhi oleh data initial jobless claims dari US yang bertambah sebesar 379 ribu (esetimasi 355 ribu) dan data tingkat suku bunga Jepang yang diperkirakan tidak akan mengalami perubahan di level 0%.
(2.0)
LQ45
705.44
1.21
(4.0)
EIDO
22.18
(1.07)
(26.7)
21.36
IDX
(1.34)
(25.4)
16,179.08
0.07
23.5
S&P 500
1,809.60
(0.06)
26.9
NASDAQ
4,058.14
(0.29)
34.4
FTSE
6,584.70
1.43
11.6
NIKKEI
15,789.65
1.74
51.9
HANG SENG
22,888.75
(1.10)
1.0
DOW JONES
STRAITS TIMES
3,072.63
0.10
(3.0)
KLSE
1,845.44
(0.04)
9.3
Rate (IDR)
USD/IDR
12,198.80
31.20
(19.8)
EUR/IDR
16,624.68
(19.13)
(22.3)
JPY/IDR
116.76
(0.31)
(3.3)
SGD/IDR
9,642.18
10.49
(16.9)
AUD/IDR
10,836.69
66.61
(6.9)
GBP/IDR
19,969.50
47.55
(20.7)
Price
Change
YTD Change %
FOREX
1 Day Return %
YTD Change %
98.77
(0.27)
7.6
85.15
1.37
(5.6)
4.47
0.22
33.4
1,193.50
0.41
(28.7)
NICKEL (USD) / MT
14,224.00
0.24
(16.6)
TIN (USD) / MT
22,850.00
0.00
(2.4)
CPO (MYR) / MT
2,524.00
0.00
8.8
RUBBER (JPY)/KG
287.80
0.98
(0.3)
WHEAT/BUSHEL
6.11
(0.04)
(21.5)
CORN/BUSHEL
4.30
(0.17)
(38.4)
COAL (USD) / MT NATURAL GAS (USD) / mmBtu GOLD (USD) / OUNCE
See important disclaimer at the end of this report
YTD Change %
0.85
CRUDE OIL (USD)/BARREL
UNDERVALUED STOCKS 2013: MYOR 34,600 ROTI 1,330
1 Day Return %
4,231.98
Commodities
Top Technical Buys: BMRI, KLBF, AUTO,, SMSM
Closing
3,909.72
Friday, December 20, 2013
CORPORATE NEWS
PT Bank Mandiri (Persero) Tbk (BMRI) akan mengakuisisi mayoritas atau 60% saham InHealth, anak usaha PT Askes. Sedangkan sisanya masih dimiliki oleh Askes, dan masing-masing 10% dimiliki PT Kimia Farma Tbk dan Asuransi Jasa Indonesia. Hingga kuartal ketiga tahun 2013, InHealth memiliki 1.500 nasabah korporasi atau 1,1 juta jiwa. InHealth juga melayani perusahaan swasta dan anggota parlemen. InHealth membukukan laba bersih Rp 93 miliar per September 2013, naik 15% yoy. (Positive) Source: Kontan PT Mitra Pinasthika Mustika Tbk (MPMX) memasang target pertumbuhan pendapatan sekitar 20-25% dari realisasi pendapatan tahun ini. Perseroan akan mendorong seluruh lini bisnisnya untuk mendorong pertumbuhan bisnis distribusi sepeda motor Honda,bisnis penjualan pelumas Federal Oil, bisnis penyewaan kendaraan melalui MPM Rent, dan bisnis jasa keuangan melalui MPM Finance dan MPM Insurance. Perseroan juga akan menggunakan dana hasil IPO sebanyak 13% untuk mengembangkan bisnis distribusi kendaraan roda empat. Perseroan hendak membangun 14 dealer untuk melayani penjualan dan layanan purna jual Nissan dan Datsun. (Positive) Source: Kontan PT BW Plantation Tbk (BWPT) yakin dapat mencapai target produksi tandan buah segar sebanyak 660.000 ton , atau naik 19,5% yoy dari tahun 2012. Hingga saat ini perseroan telah mencapai 90,5% dari target yaitu sebanyak 597 ribu ton. Produksi TBS berasal dari kebun inti perseroan sebanyak 568 ribu ton dan sisanya dari kebun plasma. (Positive) Source: Kontan PT Wijaya Karya Tbk (WIKA) meraih kontrak baru untuk proyek paket tahap pertama pembangunan sodetan Kali Ciliwung menuju Kanal Banjir Timur sepanjang 1,27 kilometer. Target penyelesaian proyek ini pada tahun 2015. Nilai kontrak ini sebesar RP 492 miliar. Nantinya perseroan akan membuat terowongan air dari Jalan Otista, Jakarta Timur hingga Kali Cipinang. Namun, saat ini masih terhalang proses pembebasan lahan. Untuk tahun depan, perseroan telah membidik sejumlah proyek dengan nilai total Rp 20 triliun. (Positive) Source: Kontan PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA) akan meninggalkan usaha perkebunan kelapa sawit dengan melepas seluruh saham anak usahnya PT Bumiraya Investindo. Ditargetkan perolehan dana dari divestasi tersebut mencapai USD 800 juta. Dana hasil divestasi tersebut akan digunakan untuk keperluan ekspansi usaha. Kedepannya perusahaan akan lebih terfokus pada bisnis makanan, minuman dan beras. (Neutral) Source : Investor Daily PT Benakat Integra Tbk (BIPI) mendapat sembilan kontrak jasa tambang batu bara senilai USD 2 miliar atau setara dengan Rp 24 triliun. Kontrak tersebut berasal dari dua perusahaan yakni PT Arutmin Indonesia dan PT Kaltim prima Coal. Dimana kedua perusahaan tersebut merupakan pelanggan terbesar BIPI. Kaltim menyumbang Rp 668,74 miliar atau 44,78% dari total pendapatan BIPI Rp 1,49 triliun, sedangkan Arutmin menyumbang 39,47%. (Neutral) Source : Bisnis Indonesia
See important disclaimer at the end of this report
2
Friday, December 20, 2013
TRADING VIEW
Eddy Wijaya/ Technical Analyst/62 21 3925550 By: Rheza, Tiesha, Richa rd 23 Juli 2013 Salam Cuannn bag i tim research Sina rmas 2023
TRADING VIEW Friday, Desember 20, 2013
These recommendations are more based on technical and just for one day trading RESEARCH DEPARTMENT TICKER
RECOMMENDATION
By: Eddy Wijaya (+6221-3925550) PRICE
ENTRY
EXIT
S2
S1
R1
R2
EXPLANATION
AGRICULTURE AALI
Trading Buy
23550
23550
23750
23300
23450
23750
BWPT
Buy on Weakness
1310
1290
1320
1270
1290
1320
23900 Stoc osc : golden cross 1340 Doji
LSIP
Buy on Weakness
1850
1830
1880
1810
1830
1880
1900 White spinning top
BANK & FINANCE BMRI
Trading Buy
7950
7950
8050
7700
7850
8050
8150 Stoc osc : uptrend
BBRI
Buy on Weakness
7100
7000
7200
6900
7000
7200
7400 Black spinning top
BBNI
Buy on Weakness
3925
3875
3975
3825
3875
3975
4050 Long legged doji
BBCA
Buy on Weakness
9550
9400
9600
9300
9400
9600
9850 Macd : uptrend
CONSUMER GOODS INDF ICBP GGRM UNVR CPIN
Buy on Weakness Buy on Weakness Trading Buy Buy on Weakness Trading Buy
6550 10200 41700 25900 3300
6450 10100 41700 25650 3300
6650 10300 42000 26200 3375
6350 9950 41350 25400 3200
6450 10100 41600 25650 3250
6650 10300 42000 26200 3375
MAIN
Buy on Weakness
3225
3200
3275
3150
3200
3275
6750 10400 42300 26400 3450
Inverted hammer Long legged doji Stoc osc : uptrend Rsi : downtrend Macd : uptrend
3325 Rsi : downtrend
BASIC & MISC INDUSTRY ASII
Trading Buy
6500
6500
6600
6250
6400
6600
SMGR
Trading Buy
13900
13900
14150
13500
13700
14150
14400 Rsi : uptrend
6750 Macd : uptrend
INTP
Buy on Weakness
19900
19750
20050
19600
19750
20050
20200 Doji
INFRASTRUCTURE TLKM
Trading Buy
2125
2125
2175
2025
2075
2175
2225 Stoc osc : uptrend
PGAS
Buy on Weakness
4575
4525
4650
4450
4525
4650
4750 Inverted hammer
JSMR
Buy on Weakness
4775
4725
4825
4650
4725
4825
4875 Macd : downtrend
TBIG
Buy on Weakness
5700
5600
5750
5450
5600
5750
5850 Stoc osc : uptrend
MAPI
Trading Sell
5650
5650
5550
5450
5550
5750
5850 Stoc osc : downtrend
RALS
Buy on Weakness
1030
1010
1050
990
1010
1050
1080 White spinning top
ACES
Buy on Weakness
630
610
650
590
610
650
MPPA
Buy on Weakness
1870
1850
1880
1830
1850
1880
PTBA
Buy on Weakness
11100
10800
11400
10600
10800
11400
ADRO
Buy on Weakness
1150
1120
1170
1100
1120
1170
1200 Black spinning top
ITMG
Buy on Weakness
29100
28750
29250
28600
28750
29250
29400 Black spinning top
ANTM
Buy on Weakness
1140
1120
1150
1090
1120
1150
1180 Macd : downtrend
TINS
Trading Sell
1570
1570
1550
1530
1550
1610
1640 Macd : downtrend
UNTR
Trading Buy
18600
18500
18700
18350
18500
18700
18850 Stoc osc : uptrend
RETAIL
680 Black spinning top 1900 Dragonfly doji
MINING 11700 Black spinning top
PROPERTY ASRI
Buy on Weakness
450
440
460
430
440
460
475 Rsi : downtrend
LPKR
Buy on Weakness
910
890
930
870
890
930
950 Long legged doji
CTRA
Buy on Weakness
740
720
760
700
720
760
790 Stoc osc : uptrend
APLN
Buy on Weakness
220
210
230
200
210
230
240 Doji
SMRA
Buy on Weakness
810
790
830
770
790
830
850 Rsi : reversal
SSIA
Trading Sell
630
630
610
580
610
650
BSDE
Buy on Weakness
1300
1280
1310
1260
1280
1310
1340 Macd : downtrend
WIKA
Trading Sell
1620
1620
1600
1570
1600
1640
1660 Stoc osc : downtrend
PTPP
Buy on Weakness
1170
1150
1180
1130
1150
1180
1200 Stoc osc : uptrend
ADHI
Trading Sell
1550
1550
1520
1480
1520
1580
1620 Stoc osc : reversal
See important disclaimer at the end of this report
680 Rsi : downtrend
3
Friday, December 20, 2013
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
(4.0) 51.9 (2.0) 11.6 12.9 23.5 26.9 (3.0) 14.7 (6.2) 22.6 (0.9) 1.0 15.0
20-Dec-13 Forward 2013 P/E Ratio (Best Est.) 705 15,790 4,232 6,585 5,247 16,179 1,810 3,073 4,177 2,128 9,336 1,980 22,889 3,031
14.7 20.3 14.6 13.7 15.0 15.2 16.3 14.5 13.8 9.4 13.9 9.4 10.9 14.0
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 % 19.5 (27.7) 14.5 (10.9) (14.5) (25.0) 4.9 6.1 2.2 (37.9) (32.3) (38.0) (12.7) (1.9) (19.2) 17.1 (43.2) (5.1) (9.6) (13.2) (25.9) (25.0) (49.2)
20-Dec-13
23,550 ICBP 1,150 IMAS 4,750 INCO 1,140 INDF 6,500 INDY 450 INTP 9,550 ITMG 3,925 JSMR 7,100 KLBF 900 LPKR 3,825 LSIP 335 MAIN 165 MAPI 7,950 MNCN 1,940 PGAS 1,300 PTBA 335 SMCB 1,310 SMGR 3,300 SSIA 4,950 TLKM 41,700 UNTR 495 UNVR 3,050 JAKPROP INDEX JAKBIND INDEX
Property Basic Industry Trade Finance Miscellaneous Industry Consumer Infrastructure Agriculture Mining
YTD Change %
20-Dec-13
30.8 (9.4) 7.4 12.0 (57.7) (11.4) (30.0) (12.4) 17.9 (9.0) (19.6) 35.8 (15.0) (1.0) (0.5) (26.5) (24.1) (12.3) (41.7) 18.0 (5.6) 24.2
10,200 4,800 2,525 6,550 600 19,900 29,100 4,775 1,250 910 1,850 3,225 5,650 2,475 4,575 11,100 2,200 13,900 630 2,125 18,600 25,900
JAKFIN INDEX
Sectors Description
Description
1-mth Return % (3.8) (1.7) (2.6) (3.4) (3.7) (1.6) (2.8) 3.6 (1.8)
See important disclaimer at the end of this report
JAKCONS INDEX JAKMIND INDEX JAKINFR INDEX JAKAGRI INDEX JAKMINE INDEX
4
Thursday, December 19, 2013
Dividen Ticker
Status
DPS (Rp)
Cum Date
Ex Date
Recording
Payment
EMTK
Final
29
26 November 2013 27 November 2013 29 November 2013
13 Desember 2013
BBCA
Final
45
28 November 2013 29 November 2013
3 Desember 2013
17 Desember 2013
LPKR
Final
11.85
29 November 2013
2 Desember 2013
4 Desember 2013
18 Desember 2013
HMSP
Final
969
2 Desember 2013
3 Desember 2013
5 Desember 2013
18 Desember 2013
BATA
Final
15.08
9 Desember 2013
10 Desember 2013
12 Desember 2013
20 Desember 2013
Stock Split Ticker
OS:NS
Ticker
OS:NS
MAPI
1:10
NIPS
1:20
ALMI
1:2
INAI
1:2
Upcoming IPO Company
Business
PT Bank Muamalat indonesia
Perbankan
PT Blue Bird
Jasa operator taksi dan jasa angkutan penumpang darat
PT Citra Borneo Indah
Kelapa Sawit
PT Dwi Aneka Jaya Kemasindo
Kemasan percetakan offset dan karton gelombang
PT Eka Sari Lorena Transport
Transportasi
PT Puradelta Lestari
Properti
PT Industri Jamu Sido Muncul
Jamu
PT Wika Beton
Konstruksi
See important disclaimer at the end of this report
Offering Date
Share in Rp.
Price
Listing Date
550-975
425-550
16-Dec-13
205-255 580
18-Dec-13
5
Thursday, December 19, 2013
Global Reference Rates
FOREX
%
Rate (USD) Change %
FED Rate
0.25
USDIDR
12,230
(0.17)
BI Rate
7.50
USDEUR
0.73
0.18
ECB Rate
0.25
USDJPY
104
(0.14)
BOJ Rate
0.10
USDSGD
1.27
(0.07)
BOE Rate
0.50
USDAUD
1.13
(0.11)
PBOC Rate
6.00
USDGBP
0.61
0.05
Description Inflation YTD (%)
November 7.79
October
Lending & Deposit Rates
7.66
JIBOR (IDR) (%)
8.25 0.89
Inflation YOY (%)
8.37
8.32
LIBOR (GBP) (%)
Inflation MOM (%)
0.12
0.09
SIBOR (USD) (%)
1.46
Foreign Reserve (USD Bn)
97.00
95.70
INDOGB 5Y YIELD (%)
8.00
GDP (YOY Growth) 3Q2013 (%)
5.62
5.62
INDOGB 10Y YIELD (%)
8.44
GDP (IDR tn) 3Q2013
2.96
2.96
INDOGB 15Y YIELD (%)
8.97
Dual Listed
MACRO INDICATORS
Price (IDR) Change %
TLKM (US)
2,225.86
0.00
ANTM (GR)
984.00
0.00
RAPBN 2014
APBN-P 2013
APBN 2013
GDP (%)
5.8-6.1
6.3
6.8
Inflation (%)
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
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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