OSO SECURITIES. OSO Daily 07 April 2015 JCI 5, %

OSO SECURITIES

OSO Daily 07 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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JCI 5,480.03 Previous 5,456.39 Highest 5,489.60 Volbn 4.68 NetForg 1DIDRbn 465.59 Return YTD (%) 4.89 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 2,253.18 MINING 1,291.61 MISC INDUSTRY 1,376.63 BASIC INDUSTRY 477.07 CONSUMER GOODS 2,314.01 PROPERTY 559.11 INFRASTRUKTUR 1,087.43 FINANCE 820.55 MANUFAKTURE 1,351.27 TRADE 997.39 LQ 45 949.22 SRI-KEHATI 319.57 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

+23.63

+0.43%

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

Chg%

17,880.85 2,080.62 4,917.32 27.97

0.66 0.66 0.62 1.19

0.32 1.05 3.83 1.93

6833.46 5074.14 11967.39

0.35 0.24 (0.28)

4.07 18.76 22.05

19,397.98 3,863.93 9,600.32 2,046.43 1,842.18 3,454.64 28,326.16 25,275.64 Last 2,257.80 1,302.13 1,393.00 480.67 2,321.98 560.92 1,091.06 825.39 1,360.19 998.19 954.69 321.75 Last 51.74 13,025 16,795 1,211.64 5,980 2,223.00 61.80 Last 12,947 9,897 14,221 9,574 109 19,332 CB Rate (%) 0.25 0.05 0.50 0.10 5.60 Last 5.68 7.25 7.26 6.38 0.17 7.50 5.01 115.5 NAV/Unit 1,074.33 1,064.91 977.06

(0.19) 1.00 0.97 0.05 0.42 0.03 0.23 0.77 Chg% 0.20 0.81 1.19 0.75 0.34 0.32 0.33 0.59 0.66 0.08 0.58 0.68 Chg% (0.77) 2.52 1.33 (0.27) (1.08) 2.07 (0.96) Chg% 0.56 (0.09) (0.37) 0.26 0.00 (0.17) CPI YoY (%) 1.30 0.30 1.00 2.90 1.40 Chg% (0.58) (1.00) (1.65)

11.16 19.45 3.15 6.83 4.60 2.66 3.01 7.08 YTD% (3.97) (4.88) 6.57 (11.59) 6.61 6.86 (5.97) 12.81 1.87 13.61 6.24 7.41 YTD% (2.87) (14.03) (13.43) 2.26 (5.08) (2.97) (1.98) YTD% (4.32) 2.55 5.92 (2.07) (4.73) (0.23) GDP YoY (%) 2.40 0.80 3.00 (1.30) 7.30 YTD% (3.88) (5.87) (6.91)

1 Mth (%) (1.64) (3.10) 0.60

5,465.60 4,855.91 5,523.27 6,618.73 (0.65) YTD%

Market Review Awal pekan ini pasca libur (06/04) IHSG ditutup mengalami penguatan. IHSG menguat sebesar 0.43% di level 5,480.03. Penguatan IHSG terimbas dari bursa global yang mengalami penguatan pada akhir pekan lalu karena data ekonomi AS yang mengalami penurunan sehingga membuat The Fed belum akan mengambil keputusan untuk menaikan suku bunga acuannya . Investor asing mencatatkan net buy sebesar Rp465 miliar. Global Market Sementara itu, indeks di bursa Wall Street pada perdagangan awal pekan ditutup mengalami penguatan, di mana Indeks Dow Jones naik 0.66% ke level 17,880.85, Indeks S&P mengalami penguatan 0.66% menjadi 2,080.62 dan Indeks Nasdaq juga mengalami penguatan 0.62% menjadi 4,917.32. Penguatan seiring positifnya data ekonomi yang rilis seperti; markit services PMI yang mencatatkan kenaikan menjadi 59,2 dari sebelumnya 57,1. Di samping itu, kemungkinan The Fed yang akan tetap mempertahankan tingkat suku bunga rendah setelah lemahnya data tenaga kerja pada akhir pekan kemarin mendorong penguatan bursa saham Wall street. JCI Prediction Hari ini kami perkirakan IHSG bergerak menguat. Secara teknikal, IHSG berada di atas middle Bollinger bands dengan membentuk candle belt hold. Indikator MACD bergerak mendatar dengan histogram positif, indikator stochastic oscillator membentuk dead cross pada area overbought. Kami perkirakan IHSG akan berada pada kisaran support 5,455 dan resistance 5,515. Highlight News  VIVA bidik pertumbuhan 20% tahun ini  TPIA Menyuntik Modal Anak Usaha  ZBRA Berencana Membeli 500 taksi Berbahan Bakar Gas  Kuartal I, NRCA Raih Kontrak Baru Senilai Rp 598 M  KAEF Turunkan Capex 2015 Sebesar 37,13%  PGAS Incar USD 75 Juta dari Blok Fasken, Amerika Serikat  SMGR Siapkan Dana Us$150 Juta Bangun Pabrik Di Papua  Pungutan Ekspor Dikuatirkan Kembali Gerus Harga CPO

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Today News VIVA bidik pertumbuhan 20% tahun ini Emiten media milik grup Bakrie, PT Visi Media Asia Tbk (VIVA), menargetkan bisa mencetak kenaikan pendapatan sebesar 20% dibandingkan tahun 2014 lalu. Pertumbuhan pendapatan itu lebih tinggi dari asumsi pertumbuhan belanja iklan (ADEX) sekitar 15%-17% di tahun ini. Penopang pendapatan VIVA tetap berasal dari dua stasiun televisi, yakni TV One dan ANTV. TPIA Menyuntik Modal Anak Usaha PT Chandra Asri Petrochemical Tbk (TPIA) menjual aset berupa tanah kepada cucu perusahaan PT Synthetic Rubber Indonesia. Nilai penjualan tanah tersebut mencapai USD32,36 juta seluas 161.830 m². Hasil penjualan tanah tersebut kemudian masuk ke kas perseroan, namun demikian perseroan mengalokasikan dana tersebut kepada PT Synthetic Rubber Indonesia. ZBRA Berencana Membeli 500 taksi Berbahan Bakar Gas PT Zebra Nusantara Tbk (ZBRA) ingin mengembangkan bisnis taksi berbahan bakar gas di Kota Surabaya. Perseroan membeli secara bertahap, namun akhir tahun ini perseroan menargetkan sebanyak 500 taksi berbahan bakar gas. Hingga Q1 2015, perseroan telah merealisasikan pembelian taksi sebanyak 130 armada taksi baru. Kuartal I, NRCA Raih Kontrak Baru Senilai Rp 598 M Emiten konstruksi, PT Nusa Raya Cipta Tbk (NRCA) mendapatkan kontrak baru sepanjang Januari-Maret 2015 seniulai Rp 598,94 miliar atau setara 14,4% dari target tahun ini. Ada empat proyek yang dikerjakan perseroan, adapun target penyelesaian keempat proyek tersebut antara April 2015-maret 2017. KAEF Turunkan Capex 2015 Sebesar 37,13% PT Kimia Farma (Persero) Tbk (KAEF) menurunkan jumlah belanjanya di tahun ini. Pada lalu, perseroan menganggarkan belanja modal atau capital expenditure (capex) sebesar Rp 939,52 miliar. Sedangkan di tahun ini, capex perseroan berkurang 37,13% menjadi Rp 590,6 miliar. Capex 2015 akan digunakan untuk bangun pabrik secara bertahap, pengembangan apotek dan klinik. Pada awal tahun ini, perseroan mulai melakukan pembangunan pabrik obat di Banjaran, Jawa Barat. Investasi untuk pabrik tersebut adalah sekitar Rp 400 miliar. PGAS Incar USD 75 Juta dari Blok Fasken, Amerika Serikat PT Perusahaan Gas Negara Tbk (PGAS) berharap mendapat keuntungan tambahan dari area shale gas Fasken, Texas, Amerika Serikat. Tahun ini, produksi di area tersebut sudah mencapai 120 mmscfd. Harapannya, produksi di area tersebut bisa naik hingga 170 mmscfd sampai 190 mmscfd. Pihak perseroan mengatakan bahwa dengan harga shale gas sebesar US$ 3 per mmbtu, pendapatan shale gas Fasken akan mencapai US$ 360.000 per hari, atau sekitar US$ 131 juta per tahunnya. Dengan kenaikan produksi yang ditargetkan, pendapatan dari blok ini bisa bertambah signifikan menjadi US$ 208,05 juta per tahun. Apabila dihitung dari porsi kepemilikan saham persreoan saat ini sebesar 36%, pendapatan dari shale gas Fasken ke kinerja perseroan bisa mencapai US$ 75 juta tahun ini. SMGR Siapkan Dana Us$150 Juta Bangun Pabrik Di Papua PT Semen Indonesia Tbk (SMGR) menyiapkan dana senilai US$150 juta setara Rp1,9 triliun untuk bangun pabrik di Papua. Kapasitas Produksi diperkirakan mencapai 1 Juta Ton per tahun. Perseroan menargetkan pabrik di Papua akan mulai beroperasi pada awal 2019. Pungutan Ekspor Dikuatirkan Kembali Gerus Harga CPO Pemerintah akan menerbitkan peraturan tentang pungutan ekspor CPO sebesar US$ 50 per metrik ton dan produk turunannya sebesar US$ 30 per metrik ton. Tujuan pemerintah memberlakukan pungutan ekspor ini adalah untuk memperkuat kebijakan yang mewajibkan pencampuran bio diesel 15% per liter solar. Selanjutnya, pemerintah berjanji dana hasil pungutan ekspor ini akan dimanfaatkan untuk riset dan pengembangan industri CPO di dalam negeri. Sumber: Kontan, Investor Daily, Bisnis Indonesia

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Trading Idea BBRI Saham ini membetuk candle white belt hold dan ditutup di atas middle bollinger bands. Indikator ROC hampir membentuk golden cross. Walaupun indikator William%R bergerak mendatar di area netral.

Recommendation: Trading Buy Target Price: 13,200 Support: 12,900 Cutloss: 12,800

PGAS Saham ini membentuk candle menyerupai white marubozu diikuti dengan buying volume yang meningkat. Indikator MACD berpotensi membentuk golden cross pada area oversold. Sedangkan indikator stochastic bergerak menguat.

Recommendation: Trading Buy Target Price: 5,050 Suport: 4,800 Cutloss: 4,725

LSIP Saham ini masih berada pada area bottom line, namun saham ini membentuk candle hamer yang merupakan indikasi reversal. Beberapa indikator teknikal seperti, stochastic, ROC dan MACD telah berada pada area oversold dan berpotensi membentuk perpotongan golden cross.

Recommendation: Spec Buy Target Price: 1,750 Suport: 1,675 Cutloss: 1,650

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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 23,525 2,870 980 5,525 910 8,200 615 15,175 7,175 13,025 1,180 5,000 12,175 1,750 2,170 3,425 1,425 4,335 51,975 1,490 14,325 3,210 7,375 22,600 16,875 7,100 1,860 1,345 19,350 1,700 2,795 4,830 11,100 3,650 515 3,275 13,625 1,840 965 9,575 2,835 22,025 39,300 3,310 1,675

P/BV (x) 3.24 2.96 0.87 4.01 0.73 3.47 1.98 4.82 2.27 3.29 1.02 1.46 2.77 2.18 2.59 5.14 2.91 2.65 3.02 1.03 5.93 1.38 2.52 3.36 1.64 4.89 9.29 1.96 317.93 1.61 4.43 3.26 2.82 7.40 4.02 13.90 3.36 4.83 2.35 11.35 4.10 2.24 65.20 5.10 5.73

P/E (x) 2015F 12.10 10.88 9.45 19.42 9.08 14.28 7.81 17.34 9.91 10.45 6.97 11.10 11.16 14.84 13.66 14.11 13.37 20.75 14.55 12.78 23.47 9.17 12.83 13.77 8.68 22.94 28.95 16.75 23.84 9.80 15.11 11.65 12.30 19.39 9.34 22.07 12.43 17.31 11.11 20.83 15.44 12.93 43.10 20.59 20.87

PEG 0.38 (0.79) (0.00) 1.10 #VALUE! (14.77) 0.44 1.45 0.65 0.98 (0.39) (0.52) 1.56 2.19 0.28 (1.04) 0.46 #VALUE! 0.78 (7.79) 1.86 0.00 0.32 3.03 (0.64) 0.94 5.71 0.11 1.71 0.67 5.32 (0.46) 0.94 1.26 0.08 3.00 4.03 0.71 (1.62) 6.18 11.57 1.38 7.19 4.23 0.90

BETA 0.06 2.10 0.28 1.23 0.50 1.40 2.11 1.20 1.61 1.66 1.57 0.76 1.69 1.55 1.40 2.07 2.23 0.71 0.95 0.01 1.31 0.60 1.21 1.21 0.32 0.67 1.27 1.94 1.22 0.13 1.30 0.97 0.43 1.93 1.92 0.97 1.32 2.09 1.32 0.56 1.09 0.68 1.00 1.62 2.22

ROA ROE (%) (%) 14.94 23.49 3.21 19.74 2.72 6.54 5.51 15.94 (3.53) (6.27) 8.52 21.37 7.00 19.46 3.14 23.29 2.68 20.22 3.39 27.43 0.81 9.39 1.37 8.13 2.50 20.91 3.04 6.86 15.07 29.84 9.55 16.75 6.11 19.21 (1.71) (6.09) 9.85 17.22 5.23 8.02 11.28 19.53 7.47 9.85 4.75 15.82 19.00 22.09 15.20 22.28 4.68 14.88 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 6.18 17.82 6.39 32.66 10.89 22.81 9.13 15.37 42.53 129.63 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 1.14 4.04 0.33 0.07 0.27 0.76 1.11

EAT 1 Year Fair Value Growth38.99 (%) 25,900 (20.17) 3,875 (195,184.68) 1,110 24.16 4,995 #N/A N/A 1,090 (1.17) 7,750 25.17 655 15.62 14,175 19.05 7,200 13.57 13,650 (28.53) 1,250 (35.57) 4,195 9.16 12,700 15.56 2,225 37.37 2,360 (30.67) 4,195 35.09 1,505 #N/A N/A 5,975 24.01 63,500 (99.03) 1,260 17.22 14,775 3,900,000.00 4,250 64.29 8,450 5.20 24,375 (11.76) 19,450 36.56 7,800 7.32 1,855 107.39 1,235 23.26 18,600 18.79 2,110 4.17 2,965 (25.00) 5,775 12.72 12,075 26.44 4,515 122.07 580 10.99 3,715 3.60 15,600 26.86 1,890 (10.82) 1,165 5.65 9,725 1.63 3,090 11.11 22,100 7.28 30,800 7.81 3,835 35.86 1,925

Up-Side Recommendation (Down-Side) (%) 10.10 Buy 35.02 Buy 13.27 Buy (9.59) Sell 19.78 Buy (5.49) Sell 6.50 Buy (6.59) Sell 0.35 Hold 4.80 Hold 5.93 Buy (16.10) Sell 4.31 Hold 27.14 Buy 8.76 Buy 22.48 Buy 5.61 Buy 37.83 Buy 22.17 Buy (15.44) Sell 3.14 Hold 32.40 Buy 14.58 Buy 7.85 Buy 15.26 Buy 9.86 Buy (0.27) Sell (8.18) Sell (3.88) Sell 24.12 Buy 6.08 Buy 19.57 Buy 8.78 Buy 23.70 Buy 12.62 Buy 13.44 Buy 14.50 Buy 2.72 Hold 20.73 Buy 1.57 Hold 8.99 Buy 0.34 Hold (21.63) Sell 15.86 Buy 14.93 Buy

Market Cap (Tn) 37.05 5.17 31.35 21.62 8.68 331.97 12.08 374.14 133.80 321.32 12.47 47.92 284.08 24.85 39.87 56.16 21.61 37.00 100.00 4.03 83.53 31.90 64.76 83.20 19.07 48.28 87.19 31.04 56.46 11.60 39.90 117.09 25.58 17.67 24.80 47.89 80.82 26.55 2.07 45.93 285.77 82.16 299.86 20.35 16.29

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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 5,483 23,525 2,870 980 5,525 910 8,200 615 15,175 7,175 13,025 1,180 5,000 12,175 1,750 2,170 3,425 1,425 4,335 51,975 1,490 14,325 3,210 7,375 22,600 16,875 7,100 1,860 1,345 19,350 1,700 2,795 4,830 11,100 3,650 515 3,275 13,625 1,840 965 9,575 2,835 22,025 39,300 3,310 1,675

Open

High

5,468 23,650 2,945 990 5,550 915 8,150 615 14,800 7,250 13,000 1,225 5,000 12,300 1,760 2,180 3,375 1,460 4,280 52,250 1,495 14,300 3,195 7,425 22,250 16,825 7,075 1,865 1,350 19,600 1,685 2,820 4,800 10,975 3,745 525 3,310 13,600 1,825 875 9,600 2,845 22,000 39,075 3,350 1,700

5,490 23,650 2,965 990 5,575 920 8,250 635 15,450 7,250 13,100 1,225 5,050 12,325 1,770 2,185 3,435 1,475 4,350 52,875 1,520 14,400 3,225 7,425 22,650 17,050 7,150 1,870 1,365 19,825 1,705 2,825 4,835 11,150 3,745 530 3,345 13,650 1,855 990 9,600 2,850 22,175 39,575 3,375 1,700

Low 5,466 23,500 2,870 975 5,325 905 8,100 610 14,775 7,150 12,975 1,170 4,990 12,100 1,740 2,155 3,375 1,415 4,270 51,500 1,480 14,300 3,180 7,350 22,175 16,825 7,075 1,850 1,320 19,350 1,670 2,790 4,800 10,900 3,600 510 3,230 13,500 1,805 845 9,450 2,825 22,000 39,075 3,310 1,660

Year-to-Date (YtD%) 4.89% -2.99% -17.53% -5.77% 34.10% -14.55% 10.44% 9.82% 15.62% 17.62% 11.80% -2.07% 10.50% 12.99% 22.81% 20.22% -9.39% 14.00% -10.89% -14.37% -10.24% 9.35% -11.45% 9.26% -9.60% 9.76% 0.71% 1.64% 31.86% 29.00% -10.05% 10.04% -19.50% -11.20% 2.10% 0.00% -6.43% -15.90% 21.05% -17.52% -1.29% -1.05% 26.95% 21.67% -10.05% 13.95%

MA5

RSI Rec

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

Trading Trading Oversold Trading OverBought Trading Trading Trading OverBought OverBought Trading OverBought OverBought Trading Trading OverBought Oversold Trading Oversold Trading Oversold Trading Oversold Trading Trading Trading Trading Trading OverBought OverBought Oversold Trading Oversold Trading Oversold Trading Trading Trading OverBought Trading Trading Oversold OverBought Trading Oversold Trading

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

Bollinger Band Pivot Point Lower Middle Upper 5,374 5,441 5,509 5,476 22,950 25,050 27,150 23,575 2,945 3,130 3,315 2,915 935 965 990 985 4,775 5,075 5,375 5,500 830 925 1,025 915 7,750 8,100 8,425 8,175 525 570 615 620 13,975 14,425 14,875 15,050 6,600 6,950 7,300 7,200 12,750 12,975 13,225 13,025 1,080 1,170 1,255 1,200 4,485 4,830 5,175 5,000 11,750 12,075 12,375 12,225 1,665 1,810 1,955 1,755 1,960 2,055 2,155 2,175 3,330 3,605 3,885 3,405 1,265 1,375 1,480 1,445 4,245 4,375 4,505 4,310 48,425 51,900 55,350 52,150 1,465 1,520 1,575 1,495 13,975 14,575 15,150 14,325 3,190 3,325 3,460 3,205 7,300 7,400 7,500 7,400 20,425 22,225 24,050 22,425 16,300 17,025 17,775 16,900 7,000 7,100 7,200 7,100 1,770 1,820 1,875 1,860 1,025 1,210 1,400 1,345 16,925 18,250 19,575 19,525 1,635 1,800 1,960 1,690 2,710 2,860 3,010 2,810 4,570 5,025 5,475 4,815 10,100 10,525 10,950 11,025 3,655 3,800 3,945 3,685 483 505 530 520 3,245 3,440 3,630 3,290 12,825 13,975 15,125 13,600 1,575 1,675 1,775 1,830 680 820 960 920 9,000 9,275 9,575 9,550 2,805 2,910 3,015 2,840 20,350 21,250 22,150 22,050 37,325 38,775 40,225 39,250 3,320 3,460 3,600 3,335 1,645 1,725 1,810 1,685

Support 1 2 5,463 5,452 23,525 23,425 2,860 2,820 980 970 5,425 5,250 905 900 8,100 8,025 605 595 14,650 14,375 7,175 7,100 12,950 12,900 1,175 1,145 4,970 4,950 12,125 12,000 1,740 1,725 2,160 2,145 3,370 3,345 1,415 1,385 4,270 4,230 51,425 50,775 1,475 1,455 14,275 14,225 3,180 3,160 7,375 7,325 22,200 21,950 16,750 16,675 7,050 7,025 1,855 1,840 1,325 1,300 19,250 19,050 1,675 1,655 2,790 2,775 4,800 4,780 10,925 10,775 3,625 3,540 510 500 3,235 3,175 13,550 13,450 1,810 1,780 850 775 9,525 9,400 2,830 2,815 21,925 21,875 38,950 38,750 3,300 3,270 1,670 1,645

Resistance Stop Loss Level 1 2 5,487 5,500 5,371 23,675 23,725 23,075 2,955 3,010 2,775 995 1,000 955 5,675 5,750 5,175 920 930 885 8,250 8,325 7,900 630 645 585 15,325 15,725 14,150 7,275 7,300 7,000 13,075 13,150 12,700 1,230 1,255 1,130 5,025 5,075 4,875 12,350 12,450 11,825 1,770 1,785 1,700 2,190 2,205 2,110 3,430 3,465 3,290 1,475 1,505 1,365 4,350 4,390 4,165 52,800 53,525 50,025 1,515 1,535 1,435 14,375 14,425 14,025 3,225 3,250 3,110 7,450 7,475 7,200 22,675 22,900 21,625 16,975 17,125 16,425 7,125 7,175 6,925 1,875 1,880 1,815 1,370 1,390 1,280 19,725 20,000 18,775 1,710 1,725 1,630 2,825 2,845 2,730 4,835 4,850 4,710 11,175 11,275 10,625 3,770 3,830 3,485 530 540 493 3,350 3,405 3,125 13,700 13,750 13,250 1,860 1,880 1,755 995 1,065 760 9,675 9,700 9,275 2,855 2,865 2,770 22,100 22,225 21,550 39,450 39,750 38,175 3,365 3,400 3,220 1,710 1,725 1,620

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

OSO SECURITIES



Calender Economics Date 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 6-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 7-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15

Agenda Japan Coincident Index Prel FEB Japan Leading Composite Index Prel FEB Spanyol Unemployment Change MAR Spanyol Consumer Confidence MAR Euro Area Sentix Investors Sentiment MAY UK BoE Gov Carney Speaks US Markit Composite PMI Final MAR US Markit Services PMI Final MAR US Fed Labor Market Conditions Index MAR US ISM Non-Manufacturing PMI MAR US ISM Non-Manufacturing Employment MAR US ISM Non-Manufacturing Business Activity MAR US ISM Non-Manufacturing Prices MAR US ISM Non-Manufacturing New Orders MAR Japan Foreign Exchange Reserves MAR UK Halifax House Price MoM MAR UK Halifax House Price YoY MAR Spanyol Markit Services PMI MAR Italy Markit/ADACI Services PMI MAR France Markit Comp PMI Final MAR 2015 France Markit Services PMI Final MAR Germany Markit Comp PMI Final MAR 2015 Germany Markit Services PMI Final MAR Euro Area Markit Comp PMI Final MAR 2015 Euro Area Markit Services PMI Final MAR UK Markit/CIPS UK Services PMI MAR Euro Area PPI MoM FEB Euro Area PPI YoY FEB US Fed's Kocherlakota Speech US IBD/TIPP Economic Optimism APR US JOLTs Job Openings FEB US Consumer Credit Change FEB Japan Current Account FEB Indonesia Foreign Exchange Reserves MAR Japan BoJ Interest Rate Decision Japan Eco Watchers Survey: Outlook MAR Japan Eco Watchers Survey: Current MAR Germany Factory Orders MoM FEB France Balance of Trade FEB UK BoE Credit Conditions Survey Q1 Euro Area Retail Sales MoM FEB Euro Area Retail Sales YoY FEB France Retail Sales MoM FEB France Retail Sales YoY FEB US Fed's Powell Speech US Fed's Dudley Speech US 10-Year Note Auction US FOMC Minutes Japan Foreign Bond Investment 4/APR Japan Stock Investment by Foreigners 4/APR Indonesia Retail Sales YoY FEB Japan Machine Tool Orders YoY MAR Japan BOJ Monthly Report Germany Balance of Trade FEB Germany Current Account FEB Germany Industrial Production YoY FEB Germany Industrial Production MoM FEB UK Balance of Trade FEB UK BoE Interest Rate Decision UK BoE Quantitative Easing US Continuing Jobless Claims 28/MAR US Initial Jobless Claims 4/APR US Wholesale Inventories MoM FEB US EIA Natural Gas Stocks Change 4/APR US 30-Year Bond Auction Japan Bank Lending YoY MAR China New Yuan Loans MAR China Inflation Rate YoY MAR China Inflation Rate MoM MAR China PPI YoY MAR France Government Budget Value FEB France Industrial Production YoY FEB France Industrial Production MoM FEB Spanyol Industrial Production YoY FEB UK Manufacturing Production MoM FEB UK Industrial Production YoY FEB UK Industrial Production MoM FEB UK Manufacturing Production YoY FEB US Fed's Lacker Speech US Fed's Kocherlakota Speech US Monthly Budget Statement MAR

Sumber :Trading economic

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

Actual

Prior 113.3 105.5 -13.5K 99.0 18.6 57.2 57.1 4 56.9 56.4 59.4 49.6 56.7 $ 1251.1B -0.3% 8.3% 56.2 50.0 52.2 53.4 53.8 54.7 53.3 53.7 56.7 -0.9% -3.4% 49.1 4.998M $ 11.56B Â¥61B $115.5B 0% 53.2 50.1 -3.9% €-3.7B 1.1% 3.7% 0.1% 4.1%

Concensus

20.3 58.5 58.6 56.5 59.2

51.7 52.8 55.3 54.1 54.3 57.0 0.2% -3.0%

$ 13B Â¥1150B

1.5% â‚¬ -5.0B -0.2% 1.9%

2139% ¥ 1017.2B ¥ -35.1B 10.4% 36.6% â‚¬ 15.9B â‚¬ 16.8B 0.9% 0.6% £-0.616B 0.5% £ 375B 2325K 268K 0.2% -18Bcf 2681% 2.5% CNY 1020B 1.4% 1.2% -4.8% EUR -9.4B -0.9% 0.4% 0.4% -0.5% 1.3% -0.1% 1.9%

$-192B

0.1% 0.5% 2356K 284K 0.2%

-0.1% 0.4% 0.3% 0.3% 1.3%

$-43B

OSO SECURITIES

OSO Daily


07 April 2015

RUPS

Code BDMN SSMS BJTM ACST KAEF PLIN DSSA INAF NISP BBCA JASS BNGA AALI JPFA RELI MBSS HOTL BFIN TURI SMGR TOBA GREN TRIS PTRO CINT SCMA UNTR EMTK GLOB

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

Date 7-Apr-15 7-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 8-Apr-15 9-Apr-15 9-Apr-15 9-Apr-15 10-Apr-15 14-Apr-15 14-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 20-Apr-15 20-Apr-15 20-Apr-15 21-Apr-15 21-Apr-15 22-Apr-15 23-Apr-15

Time Place 9.00 Sasono Mulyo Ballroom 1 dan 2 Le Meridien Hotel Jl. Jenderal Sudirman Kav. 18 - 20 Jakarta 10220 10.00 14.00 14.00 14.00

Hotel Bumi Surabaya Jl. Jend. Basuki Rachmat 106 - 128 Surabaya Soehanna Hall, The Energy Building Lantai 2 Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Flores Ballroom Hotel Borobudur Jakarta Hotel Grand Hyatt Jakarta Jl. MH Thamrin Kav. 28-30 Jakarta Hotel Pullman Jakarta Lantai 2 Ruang Gallery Jl. M.H Thamrin No. 59 Jakarta Pusat

10.30 OCBC NISP Tower Lantai 23 Jl. Prof. Dr. Satrio Kav. 25, Jakarta 12940

14.30 The Financial Hall Graha CIMB Niaga, Lantai 2 Jl. Jend. Sudirman Kav. 58 Jakarta 12190 Ballroom 1, JS Luwansa Hotel and Convention Center Jl. HR. Rasuna Said Kav. C-22 Jakarta Pusat 12940 10.00 Harris Hotel, Unique Room Jl. Dr. Saharjo No. 191 Jakarta 12960 9.00 Reliance Capital Building Lt. 3 Jl. Pluit Putra Kencana. No. 15A, Jakarta 14450 10.00 Hotel The Ritz Carlton, Jakarta Jl. Lingkar Mega Kuningan Kav. E.1.1 No. 1 Mega Kuningan - Jakarta 12950 10.00 Gedung Grha Mitra Jl. Pejaten Barat No. 6 Jakarta Selatan 10.30 Hotel Grand Mahakam, Jakarta Selatan 13.30 Hotel Pullman Jakarta Jl. M.H. Thamrin 59 Jakarta 10350 14.00 Reflesia Grand Ballroom Balai Kartini Jl. Gatot Subroto, Jakarta 14.00 Ruang Seminar PT Bursa Efek Indonesia Gedung Bursa Efek Indonesia Tower 2 Lantai 1 (Galeri Bursa) Jl. Jend. Sudirman Kav. 52-53 9.00 10.00 13.00 14.00 14.00 14.00 9.00

Ruang Seminar 1 Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Segara Ballroom, Hotel Dharmawangsa Jl. Brawijaya Raya No. 26 Kebayoran Baru, Jakarta 12160 Ruang Seminar 1 Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 Ruang Studio SCTV lantai 8, SCTV Tower, Senayan City Jl. Asia Afrika Lot. 19 Jakarta 10270 JW Marriot Hotel, Dua Mutiara 1 & 2 Room Level 2 Jl. DR Ide Anak Agung Gde Agung Kav. E.1.2 No. 1&2 Kawasan Mega Kuningan, Jakarta 12950 SCTV Studio, Lantai 8, SCTV Tower, Senayan City Jl. Asia Afrika Lot. 19, Jakarta 10270 Hotel Gran Mahakam, Jakarta Selatan

OSO SECURITIES



RESEARCH TEAM Supriyadi ([email protected]) Andri Goklas ([email protected]) Mohammad Alfi Syahr ([email protected])

Head of Research

+62 21 2991 5300

Research Analyst

+62 21 2991 5300

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 07 April 2015 JCI 5, %

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