OSO SECURITIES. OSO Daily 14 April 2015 JCI 5, %

OSO SECURITIES

OSO Daily 14 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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JCI 5,447.40 Previous 5,491.34 Highest 5,486.88 Volbn 7.61 NetForg 1DIDRbn (682.34) Return YTD (%) 4.22 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 2,304.04 MINING 1,293.89 MISC INDUSTRY 1,393.16 BASIC INDUSTRY 488.11 CONSUMER GOODS 2,322.40 PROPERTY 573.55 INFRASTRUKTUR 1,089.92 FINANCE 821.43 MANUFAKTURE 1,365.11 TRADE 998.45 LQ 45 953.21 SRI-KEHATI 320.78 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

-43.93

-0.80%

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

Chg%

5,430.91 5,787.00 5,494.00 6,235.99 (1.29) YTD%

17,977.04 2,092.43 4,988.25 27.21

(0.45) (0.46) (0.15) (2.33)

0.86 1.63 5.33 (0.84)

7064.30 5254.12 12338.73

(0.36) 0.26 (0.29)

7.59 22.97 25.83

19,905.46 4,121.71 9,666.52 2,098.92 1,842.08 3,484.39 29,044.44 28,016.34 Last 2,290.60 1,274.95 1,399.20 479.80 2,315.52 569.72 1,078.47 821.15 1,359.32 971.08 948.54 320.30 Last 52.26 12,405.00 16,100.00 1,201.46 5,990.00 2,124.00 61.80 Last 12,988 9,815 13,725 9,480 108 18,954 CB Rate (%) 0.25 0.05 0.50 0.10 5.60 Last 5.65 7.22 7.25 6.38 0.17 7.5 5.01 111.6 NAV/Unit 1,062.01 1,062.55 1,009.76

(0.01) 2.17 0.51 0.53 (0.12) 0.35 0.57 2.73 Chg% (0.58) (1.46) 0.43 (1.70) (0.30) (0.67) (1.05) (0.03) (0.42) (2.74) (0.49) (0.15) Chg% 0.67 (1.74) (3.59) 0.21 (0.81) 0.19 (0.96) Chg% (0.47) 1.02 (0.11) 0.01 (0.17) (0.17) CPI YoY (%) 1.30 0.30 1.00 2.90 1.40 Chg% (0.09) (0.08) 0.04

14.07 27.42 3.86 9.57 4.59 3.54 5.62 18.69 YTD% (2.57) (6.87) 7.05 (11.75) 6.32 8.54 (7.05) 12.23 1.81 10.52 5.56 6.92 YTD% (1.90) (18.12) (17.01) 1.40 (4.92) (7.29) (1.98) YTD% (4.62) 3.40 9.75 (1.10) (3.72) 1.76 GDP YoY (%) 2.40 0.80 3.00 (1.30) 7.30 YTD% (4.47) (6.28) (6.99)

1 Mth (%) (1.11) (1.20) 4.84

Market Review Awal pekan ini (13/04) IHSG ditutup melanjutkan pelemahannya. IHSG melemah sebesar 0.80% di level 5,447.40. Penurunan IHSG seiring dengan nilai tukar Rupiah yang ikut melemah menjelang rilisnya data BI rate. Sementara itu, data neraca perdagangan China yang mengalami penurunan surplus menjadi US$3,08 miliar atau jauh di bawah dari ekspektasi pasar sebesar US$20 miliar memicu ekpektasi kebijakan moneter baru. Hampir seluruh sektor mengalami pelemahan, hanya sektor aneka industri. Investor asing mencatatkan net sell sebesar Rp682 miliar. Global Market Sementara itu, indeks di bursa Wall Street pada perdagangan akhir pekan ditutup mengalami pelemahan, di mana Indeks Dow Jones turun 0.45% ke level 17,977.04, Indeks S&P mengalami pelemahan 0.46% menjadi 2,092.43 dan Indeks Nasdaq juga mengalami pelemahan 0.15% menjadi 4,988.25. Minimnya sentiment maupun data ekonomi yang rilis membuat investor melakukan antisipasi dengan menjual sebagian asset beresiko. Di samping itu, investor menunggu musim laporan pendatan kuartalan emiten. JCI Prediction Hari ini kami perkirakan IHSG bergerak melemah. Secara teknikal, IHSG berada di atas middle bollinger bands dengan membentuk candle hanging man. Indikator MACD bergerak mendatar dengan histogram positif, indikator stochastic oscillator berada pada area overbought. Kami perkirakan IHSG akan berada pada kisaran support 5,440 dan resistance 5,520. Highlight News  Laba Bersih HITS Merosot 53%  DILD Incar Rp200 Miliar dari Lahan Industri  TBIG Kaji Emisi Obligasi Rupiah  DOID Jual 5,1 juta Ton Batubara  TMAS Gandeng China Bangun Kapal Baru  MYRX Jual Saham Rp 3 Triliun  SIMP Akan Tanam Kelapa Sawit 10.000 Ha Tahun Ini  BMRI Targetkan Konsolidasi ATM Tahun Ini

OSO SECURITIES MEMBER OF INDONESIA STOCK EXCHANGE

OSO Daily 14 April 2015

Today News Laba Bersih HITS Merosot 53% PT Humpuss Intermoda Transportasi Tbk (HITS) membukukan laba bersih US$1,4 juta pada 2014, anjlok 53% dibandingkan dengan setahun sebelumnya US$2,98 juta. Laba per saham dasar juga melorot menjadi US$0,00031 dari setahun sebelumnya US$0,00063. Laba sebelum pajak merosot menjadi US$2,7 juta pada 2014 dari sebelumnya US$4,31 juta. DILD Incar Rp200 Miliar dari Lahan Industri PT Intiland Development Tbk (DILD) menargetkan dapat memperoleh lebih dari Rp200 miliar melalui penjualan lahan industri pada tahun ini. Perseroan berharap setidaknya dapat menjual 15 hektare lahan industri tahun ini. TBIG Kaji Emisi Obligasi Rupiah PT Tower Bersama Infrastructure Tbk (TBIG) berencana menerbitkan obligasi berbentuk rupiah pada tahun ini. Perseroan memang memiliki program penawaran umum berkelanjutan (PUB) obligasi pada 2013 senilai total Rp4 triliun. Hingga akhir Desember 2014, baru menerbitkan Rp830 miliar sehingga sisa PUB obligasi senilai Rp3,1 triliun. Dana obligasi akan digunakan untuk ekspansi bisnis, kemungkinan untuk memuluskan rencananya mengakuisisi sebagian saham di Dayamitra Telekomunikasi. DOID Jual 5,1 juta Ton Batubara Di awal tahun ini, produksi batubara PT Delta Dunia Makmur Tbk (DOID) masih melambat. Per Februari 2015, penjualan batubara sekitar 5,1 juta ton. Jumlah itu stagnan dibandingkan produksi batubara pada periode yang sama pada tahun lalu. TMAS Gandeng China Bangun Kapal Baru PT Pelayaran Tempuran Emas Tbk (TMAS) meneken perjanjian kontrak pembangunan dua unit kapal kontainer baru dengan perusahaan asal China, Lianyungang Wuzou Shipping Industry Co., Ltd. Ini merupakan bagian dari rencana ekspansi perseroan. Total (nilai kontrak) 47,6 juta renminbi, rencananya akan diserahterimakan pada kuartal empat tahun ini. MYRX Jual Saham Rp 3 Triliun PT Hanson International Tbk (MYRX), berencana menjual 30% saham kepada investor asing senilai Rp 3 triliun. Perseroan menunjuk Credit Suisse sebagai penjamin pelaksana emisi efek (lead underwriter), sedangkan BNP Paribas sebagai bookrunner. SIMP Akan Tanam Kelapa Sawit 10.000 Ha Tahun Ini PT Salim Ivomas Pratama Tbk (SIMP) menargetkan penanaman baru kelapa sawit seluas 5.000 hingga 10.000 hektare (ha). Hal ini akan menambah luas lahan perkebunan tertanam kelapa sawit yang sudah mencapai 82% dari total 300.050 ha lahan per akhir 2014 lalu. Perseroan tetap akan mendorong produksi dan meningkatkan bisnis hilir. Saat ini, perseroan tengah membangun pabrik kelapa sawit baru di Sumatera Selatan dan tiga pabrik di Kalimantan, masing-masing dengan kapasitas 30-45 metrik ton per jam. BMRI Targetkan Konsolidasi ATM Tahun Ini Pemerintah melalui Kementerian Negara Badan Usaha Milik Negara (BUMN) terus mematangkan rencana konsolodasi bank-bank pelat merah. Konsolidasi ini baik di sisi operasional juga hingga bisnis bank. Kerjasama ini bisa dimulai dari infrastruktur bank. Misalnya, konsolidasi mesin anjungan tunai mandiri (ATM) dan juga electronic data capture (EDC). Kesepakatan skema pembagian beban biaya dan jaringan terkait konsolidasi ATM/EDC bank-bank BUMN ini, bisa rampung pada tengah tahun mendatang. Sumber: Kontan, Investor Daily, Bisnis Indonesia

OSO SECURITIES

OSO Daily 14 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

Trading Idea ICBP Saham ini membentuk candle doji di atas area lower bollinger bands dan mencoba break dari MA 50 harian. Indikator MACD telah berada pada area overbought. Sedangkan RSI bergerak menguat.

Recommendation: Spec Buy Target Price: 14500 Support: 14125 Cutloss: 14025

RALS Saham ini ditutup di atas MA 100 harian diikuti dengan buying volume yang meningkat. Indikator stochastic bergerak menguat. Di samping itu, indicator William%R juga bergerak mengalami penguatan.

Recommendation: Trading Buy Target Price: 830 Suport: 765 Cutloss: 755

BMRI Saham ini membentuk candel hammer diikuti dengan volume yang meningkat signifikan. Indikator ROC membentuk golden cross. Selain itu, indicator MFI bergerak menguat.

Recommendation: Spec Buy Target Price: 12200 Suport: 11900 Cutloss: 11800

OSO SECURITIES

OSO Daily 13 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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 23,750 3,025 955 5,125 890 8,175 630 15,025 7,200 13,000 1,150 5,150 12,050 1,645 2,070 3,535 1,460 4,180 52,100 1,435 14,200 3,175 7,350 22,800 15,050 7,000 1,845 1,380 18,575 1,640 2,615 4,785 10,450 3,900 515 3,380 13,000 1,940 1,060 9,250 2,795 23,025 39,775 3,525 1,705

P/BV (x) 3.28 3.12 0.85 3.72 0.71 3.46 2.02 4.77 2.27 3.29 1.00 1.51 2.74 2.05 2.47 5.31 2.99 2.56 3.03 1.04 5.88 1.36 2.51 3.39 1.46 4.82 9.22 2.01 305.20 1.55 4.14 3.22 2.66 7.90 4.02 14.34 3.21 5.09 2.59 10.96 4.05 2.34 65.99 5.43 5.83

P/E (x) 2015F 12.12 11.34 9.18 17.32 9.09 14.24 8.00 17.16 9.91 10.41 6.79 11.47 11.01 15.12 12.82 14.97 13.69 20.23 14.59 13.79 23.30 9.39 12.79 13.91 8.15 22.45 28.89 17.19 22.84 9.61 14.67 11.50 11.67 20.65 9.34 22.78 11.88 18.25 12.22 20.12 15.25 13.49 43.59 21.93 21.24

PEG 0.38 (0.83) (0.00) 1.02 #VALUE! (14.72) 0.45 1.44 0.65 0.97 (0.38) (0.53) 1.54 2.06 0.27 (1.08) 0.48 #VALUE! 0.78 (7.48) 1.85 0.00 0.32 3.06 (0.57) 0.93 5.66 0.11 1.64 0.65 4.98 (0.45) 0.89 1.34 0.08 3.09 3.84 0.75 (1.78) 5.97 11.41 1.44 7.27 4.50 0.92

BETA 0.06 2.10 0.28 1.22 0.52 1.41 2.10 1.20 1.60 1.65 1.58 0.76 1.68 1.55 1.40 2.08 2.22 0.73 0.98 0.01 1.31 0.60 1.22 1.21 0.32 0.66 1.25 1.95 1.22 0.14 1.28 0.96 0.43 1.93 1.91 0.96 1.31 2.08 1.33 0.57 1.08 0.70 1.01 1.62 2.21

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 0.09 0.14 11.28 19.53 7.47 9.85 4.75 15.82 19.00 22.09 15.20 22.28 4.68 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 (%) 25,925 (20.17) 3,920 (195,184.68) 1,105 24.16 5,125 #N/A N/A 1,065 (1.17) 7,750 25.17 655 15.62 14,250 19.05 7,250 13.57 13,725 (28.53) 1,250 (35.57) 4,245 9.16 12,775 15.56 2,155 37.37 2,375 (30.67) 3,960 35.09 1,505 #N/A N/A 5,875 24.01 63,500 (99.03) 1,215 17.22 14,825 3,900,000.00 4,155 64.29 8,450 5.20 24,475 (11.76) 19,375 36.56 7,800 7.32 1,855 107.39 1,250 23.26 18,950 18.79 2,070 4.17 2,905 (25.00) 5,775 12.72 12,075 26.44 4,500 122.07 580 10.99 3,715 3.60 15,575 26.86 1,920 (10.82) 1,115 5.65 9,725 1.63 3,085 11.11 22,000 7.28 32,775 7.81 3,815 35.86 1,975

Up-Side (Down-Side)9.16 (%) 29.59 15.71 0.00 19.66 (5.20) 3.97 (5.16) 0.69 5.58 8.70 (17.57) 6.02 31.00 14.73 12.02 3.08 40.55 21.88 (15.33) 4.40 30.87 14.97 7.35 28.74 11.43 0.54 (9.42) 2.02 26.22 11.09 20.69 15.55 15.38 12.62 9.91 19.81 (1.03) 5.19 5.14 10.38 (4.45) (17.60) 8.23 15.84

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

Market Cap (Tn) 37.40 5.45 30.55 20.19 8.49 330.95 12.38 370.44 134.27 320.70 12.15 49.36 281.17 23.36 38.03 57.97 22.14 35.67 100.24 3.88 82.80 31.55 64.54 83.93 17.01 47.60 86.48 31.85 54.20 11.19 37.33 116.00 24.08 18.89 24.80 49.42 77.11 27.99 2.27 44.37 281.74 85.89 303.48 21.68 16.59

OSO SECURITIES

OSO Daily 13 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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 5,447 23,750 3,025 955 5,125 890 8,175 630 15,025 7,200 13,000 1,150 5,150 12,050 1,645 2,070 3,535 1,460 4,180 52,100 1,435 14,200 3,175 7,350 22,800 15,050 7,000 1,845 1,380 18,575 1,640 2,615 4,785 10,450 3,900 515 3,380 13,000 1,940 1,060 9,250 2,795 23,025 39,775 3,525 1,705

Open

High

5,480 24,100 3,075 970 5,225 910 8,075 630 15,050 7,100 12,975 1,170 5,050 12,025 1,705 2,070 3,690 1,460 4,195 53,300 1,465 14,200 3,180 7,350 22,850 15,850 7,050 1,835 1,360 18,750 1,660 2,750 4,825 10,600 3,985 520 3,355 13,375 1,870 1,040 9,325 2,810 23,100 39,400 3,530 1,710

5,487 24,125 3,080 980 5,275 910 8,175 635 15,075 7,200 13,050 1,170 5,150 12,050 1,710 2,130 3,690 1,480 4,195 53,500 1,490 14,225 3,190 7,375 22,850 16,050 7,075 1,850 1,380 18,900 1,695 2,760 4,830 10,650 3,990 520 3,395 13,400 1,965 1,080 9,350 2,825 23,100 39,775 3,560 1,710

Low 5,431 23,750 3,020 955 5,075 885 8,050 620 14,975 7,025 12,950 1,145 5,000 11,950 1,605 2,060 3,530 1,445 4,165 52,100 1,435 14,125 3,165 7,325 22,500 15,000 6,950 1,825 1,355 18,125 1,630 2,595 4,725 10,350 3,900 500 3,350 13,000 1,870 1,015 9,175 2,795 22,750 39,000 3,510 1,685

Year-to-Date (YtD%) 4.22% -2.06% -13.07% -8.17% 24.39% -16.43% 10.10% 12.50% 14.48% 18.03% 11.59% -4.56% 13.81% 11.83% 15.44% 14.68% -6.48% 16.80% -14.08% -14.17% -13.55% 8.40% -12.41% 8.89% -8.80% -2.11% -0.71% 0.82% 35.29% 23.83% -13.23% 2.95% -20.25% -16.40% 9.09% 0.00% -3.43% -19.75% 27.63% -9.40% -4.64% -2.44% 32.71% 23.14% -4.21% 15.99%

MA5

RSI Rec

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

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

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

Bollinger Band Pivot Point Lower Middle Upper 5,372 5,449 5,525 5,461 22,675 24,525 26,375 23,925 2,905 3,100 3,295 3,050 940 965 990 965 4,695 5,175 5,650 5,175 840 910 975 900 7,825 8,125 8,425 8,125 515 585 650 630 13,875 14,625 15,350 15,025 6,800 7,075 7,350 7,125 12,800 13,025 13,250 13,000 1,095 1,175 1,260 1,160 4,520 4,895 5,275 5,100 11,825 12,100 12,375 12,025 1,680 1,770 1,860 1,665 1,955 2,085 2,215 2,085 3,340 3,565 3,785 3,610 1,270 1,405 1,535 1,460 4,165 4,325 4,485 4,185 48,575 51,650 54,725 52,750 1,460 1,505 1,545 1,455 13,975 14,550 15,125 14,200 3,140 3,280 3,420 3,180 7,300 7,400 7,475 7,350 20,850 22,075 23,325 22,750 16,050 16,975 17,875 15,500 7,025 7,125 7,200 7,025 1,780 1,830 1,885 1,840 1,085 1,275 1,460 1,370 17,075 18,550 20,025 18,600 1,595 1,755 1,915 1,655 2,735 2,815 2,890 2,680 4,545 4,910 5,275 4,790 10,075 10,575 11,100 10,525 3,620 3,800 3,975 3,945 489 510 535 515 3,240 3,380 3,525 3,370 12,850 13,700 14,575 13,200 1,545 1,740 1,935 1,910 730 890 1,045 1,050 8,975 9,350 9,700 9,275 2,775 2,885 2,990 2,805 20,200 21,675 23,125 23,000 37,875 39,025 40,175 39,500 3,290 3,470 3,650 3,530 1,645 1,725 1,800 1,705

Support 1 2 5,436 5,405 23,750 23,550 3,020 2,990 950 940 5,075 4,975 890 875 8,075 8,000 625 615 15,000 14,925 7,075 6,950 12,950 12,900 1,150 1,135 5,025 4,940 12,000 11,925 1,625 1,560 2,035 2,015 3,535 3,450 1,445 1,425 4,175 4,155 52,000 51,350 1,425 1,400 14,150 14,100 3,165 3,155 7,325 7,300 22,650 22,400 14,925 14,450 6,975 6,900 1,830 1,815 1,360 1,345 18,275 17,825 1,620 1,590 2,600 2,515 4,755 4,685 10,375 10,225 3,900 3,855 510 494 3,345 3,325 13,000 12,800 1,860 1,815 1,020 985 9,200 9,100 2,790 2,775 22,900 22,650 39,200 38,725 3,505 3,480 1,695 1,680

Resistance Stop Loss Level 1 2 5,492 5,517 5,324 24,125 24,300 23,200 3,080 3,110 2,945 975 990 925 5,275 5,375 4,900 915 925 860 8,200 8,250 7,875 640 645 605 15,100 15,125 14,700 7,250 7,300 6,850 13,050 13,100 12,700 1,175 1,185 1,115 5,175 5,250 4,865 12,100 12,125 11,750 1,730 1,770 1,540 2,105 2,155 1,980 3,695 3,770 3,400 1,480 1,495 1,405 4,205 4,215 4,090 53,400 54,150 50,575 1,480 1,510 1,380 14,250 14,300 13,875 3,190 3,205 3,105 7,375 7,400 7,200 23,000 23,100 22,075 15,975 16,550 14,225 7,100 7,150 6,800 1,855 1,865 1,785 1,385 1,395 1,325 19,050 19,375 17,550 1,685 1,720 1,565 2,765 2,845 2,475 4,860 4,895 4,615 10,675 10,825 10,050 3,990 4,035 3,795 530 535 486 3,390 3,415 3,275 13,400 13,600 12,600 1,955 2,005 1,790 1,085 1,115 970 9,375 9,450 8,975 2,820 2,835 2,735 23,250 23,350 22,300 39,975 40,275 38,125 3,555 3,580 3,430 1,720 1,730 1,650

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

Buy Buy Buy

Buy Buy

Buy

Buy

Buy Buy

Buy Buy Buy

Buy

OSO SECURITIES

OSO Daily 13 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

Calender Economics Date 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 13-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 14-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-Apr-15 15-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 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 16-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15

Agenda Japan Machinery Orders YoY FEB Japan BoJ Monetary Policy Meeting Minutes Japan Machinery Orders MoM FEB China New Yuan Loans MAR China Balance of Trade MAR China Exports YoY MAR China Imports YoY MAR France Current Account FEB Italy Industrial Production YoY FEB Italy Industrial Production MoM FEB US Monthly Budget Statement MAR Germany Wholesale Price Index MoM MAR Spanyol Harmonised Consumer Prices YoY Final MAR Spanyol Harmonised Consumer Prices MoM Final MAR Spanyol Inflation Rate YoY Final MAR Spanyol Inflation Rate MoM Final MAR Indonesia Interest Rate Decision Italy Harmonised Consumer Prices YoY Final MAR Italy Harmonised Consumer Prices MoM Final MAR Italy Inflation Rate YoY Final MAR Italy Inflation Rate MoM Final MAR UK Core Inflation Rate YoY MAR UK Retail Price Index YoY MAR UK Retail Price Index MoM MAR UK Inflation Rate YoY MAR UK Inflation Rate MoM MAR Euro Area Industrial Production YoY FEB Euro Area Industrial Production MoM FEB US Retail Sales Ex Gas/Autos MoM MAR US PPI MoM MAR US Core PPI MoM MAR US Core PPI YoY MAR US PPI YoY MAR US Retail Sales MoM MAR US Retail Sales YoY MAR US Retail Sales Ex Autos MoM MAR US Redbook YoY 11/APR US Redbook MoM 11/APR US NFIB Business Optimism Index MAR US Business Inventories MoM FEB China Fixed Asset Investment (YTD) YoY FEB China GDP Growth Rate QoQ Q1 China GDP Growth Rate YoY Q1 China Industrial Production YoY MAR China Retail Sales YoY MAR Indonesia Balance of Trade MAR Indonesia Exports YoY MAR Indonesia Imports YoY MAR Japan Capacity Utilization MoM FEB Japan Industrial Production YoY Final FEB Japan Industrial Production MoM Final FEB Germany Harmonised Inflation Rate MoM Final MAR Germany Harmonised Inflation Rate YoY Final MAR Germany Inflation Rate YoY Final MAR Germany Inflation Rate MoM Final MAR Japan BoJ Gov Kuroda Speech France Harmonised Inflation Rate YoY MAR France Harmonised Inflation Rate MoM MAR France Inflation Rate YoY MAR France Inflation Rate MoM MAR Euro Area Balance of Trade FEB Euro Area ECB Interest Rate Decision Euro Area ECB Press Conference US NY Empire State Manufacturing Index APR US Fed's Bullard Speech US Capacity Utilization MAR US Industrial Production YoY MAR US Industrial Production MoM MAR US Manufacturing Production YoY MAR US NAHB Housing Market Index APR US EIA Crude Oil Stocks Change 11/APR US EIA Gasoline Stocks Change 11/APR US Fed's Fischer Speech US Beige Book US Fed's Lacker Speech Japan Foreign Bond Investment 11/APR Japan Stock Investment by Foreigners 11/APR China FDI (YTD) YoY MAR US G20 Meeting Italy Balance of Trade FEB Spanyol Balance of Trade FEB US Building Permits MAR US Continuing Jobless Claims 04/APR US Housing Starts MAR US Housing Starts MoM MAR US Building Permits MoM MAR US Initial Jobless Claims 11/APR US Philadelphia Fed Manufacturing Index APR US EIA Natural Gas Stocks Change 11/APR US Fed's Lockhart Speech US Fed's Fischer Speech US Fed's Mester Speech US Fed's Rosengren Speech US IMF Spring Meeting US G20 Meeting Japan Consumer Confidence MAR Euro Area Current Account FEB UK Claimant Count Change MAR UK Unemployment Rate FEB UK Average Earnings exc. Bonus FEB UK Average Earnings incl. Bonus FEB Euro Area Core Inflation Rate YoY Final MAR Euro Area Inflation Rate YoY Final MAR Euro Area Inflation Rate MoM MAR US Inflation Rate YoY MAR US Inflation Rate MoM MAR US Michigan Consumer Sentiment Prel APR US CB Leading Indicator MoM MAR

Sumber :Trading economic

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

Actual

Prior 1.90%

Concensus 3.70%

-1.70% CNY 1020B $ 60.6B 48.30% -20.50% € -0.3B -2.20% -0.70% $-192B 0.50% -1.20% 0.10% -1.10% 0.20% 7.50% 0.10% 0.30% -0.10% 0.40% 1.20% 1.00% 0.50% 0% 0.30% 1.20% -0.10% -0.20% -0.50% -0.50% 1.00% -0.60% -0.60% 1.70% -0.10% 3.40% 1.30% 98 0.00% 13.90% 1.50% 7.30% 6.80% 10.70% $ 0.74B -16.00% -16.20% 3.60% -2.80% 3.70% 1.00% -0.10% 0.10% 0.90%

-2.80% CNY 1031B $45.35B 12% -11.70%

-0.30% 0.70% -0.30% 0.70% € - 7.9B 0.05%

0.00% 0.70%

-1.30% 0.50% $-43B -0.70% 2.10% -0.70% 0.60% 7.50% -0.10% 2.00%

1.00% 0.30% 0% 0.20% 0.70% 0.30% 0.60% 0.30% 0.10% 0.90% -0.70% 1.10% 0.70%

0.30% 13.80% 1.40% 7% 6.90% 10.90%

-2.60% -3.40% 0.50% 0.10% 0.30% 0.50%

6.9

7.4

78.90% 3.50% 0.10% 3.40% 53 10.949M 817K

78.70% -0.30% 55

¥ -3073.5B ¥ 1036.1B 17.00% € 0.219B € -2.6B 1102K 2304K 897K -17% 3.00% 281K 5 15Bcf

40.7 £ 8.2B -31K 5.70% 1.60% 1.80% 0.70% -0.30% 0.60% 0.00% 0.20% 93 0.20%

1080K 2312K 1040K

280K 6.3

-28K 5.60% 1.70% 1.80% 0.60% -0.10% 1.10% 0.00% 0.20% 94 0.30%

OSO SECURITIES

OSO Daily 13 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

RUPS

Code Agenda Date Time Place JPFA RUPS 14-Apr-15 10.00 Harris Hotel, Unique Room Jl. Dr. Saharjo No. 191 Jakarta 12960 RELI RUPS 15-Apr-15 9.00 Reliance Capital Building Lt. 3 Jl. Pluit Putra Kencana. No. 15A, Jakarta 14450 MBSS RUPS 15-Apr-15 10.00 Hotel The Ritz Carlton, Jakarta Jl. Lingkar Mega Kuningan Kav. E.1.1 No. 1 Mega Kuningan - Jakarta 12950 HOTL RUPS 15-Apr-15 10.00 Gedung Grha Mitra Jl. Pejaten Barat No. 6 Jakarta Selatan BFIN RUPS 15-Apr-15 10.30 Hotel Grand Mahakam, Jakarta Selatan TURI RUPS 15-Apr-15 13.30 Hotel Pullman Jakarta Jl. M.H. Thamrin 59 Jakarta 10350 SMGR RUPS 16-Apr-15 14.00 Reflesia Grand Ballroom Balai Kartini Jl. Gatot Subroto, Jakarta TOBA RUPS 16-Apr-15 14.00 Ruang Seminar PT Bursa Efek Indonesia Gedung Bursa Efek Indonesia Tower 2 Lantai 1 (Galeri Bursa) Jl. Jend. Sudirman Kav. 52-53 GREN RUPS 16-Apr-15 TRIS RUPS 20-Apr-15 9.00 Ruang Seminar 1 Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 PTRO RUPS 20-Apr-15 10.00 Segara Ballroom, Hotel Dharmawangsa Jl. Brawijaya Raya No. 26 Kebayoran Baru, Jakarta 12160 CINT RUPS 20-Apr-15 13.00 Ruang Seminar 1 Indonesia Stock Exchange Building Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 SCMA RUPS 21-Apr-15 14.00 Ruang Studio SCTV lantai 8, SCTV Tower, Senayan City Jl. Asia Afrika Lot. 19 Jakarta 10270 UNTR RUPS 21-Apr-15 14.00 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 EMTK RUPS 22-Apr-15 14.00 SCTV Studio, Lantai 8, SCTV Tower, Senayan City Jl. Asia Afrika Lot. 19, Jakarta 10270 GLOB RUPS 23-Apr-15 9.00 Hotel Gran Mahakam, Jakarta Selatan Dividend No Name 1 MERCK Tbk 2 GOLDEN ENERGY MINES Tbk 3 PERUSAHAAN GAS NEGARA (PERSERO) Tbk 4 BANK DANAMON INDONESIA Tbk

Code MERK GEMS PGAS BDMN

Cum- Date 10-Apr-15 13-Apr-15 13-Apr-15 14-Apr-15

Ex-Date Pay -Date Ammount (IDR) 13-Apr-15 5-May-15 6,500.00 14-Apr-15 20-Apr-15 3.36 14-Apr-15 8-May-15 144.84 15-Apr-15 8-May-15 81.50

OSO SECURITIES

OSO Daily 13 April 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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

Head of Research

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Research Analyst

+62 21 2991 5300

Research Analyst

+62 21 2991 5300

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