OSO SECURITIES. OSO Daily 16 Januari 2015 JCI 5, %

OSO SECURITIES

OSO Daily 16 Januari 2015

MEMBER OF INDONESIA STOCK EXCHANGE

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JCI 5,188.71 Previous 5,159.66 Highest 5,193.95 Volbn 7.05 NetForg 1DIDRbn (620.07) Return YTD (%) (0.73) 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 2,284.45 MINING 1,307.78 MISC INDUSTRY 1,244.60 BASIC INDUSTRY 535.51 CONSUMER GOODS 2,174.14 PROPERTY 530.07 INFRASTRUKTUR 1,129.61 FINANCE 727.71 MANUFAKTURE 1,312.67 TRADE 879.61 LQ 45 886.94 SRI-KEHATI 295.41 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)

+29.04

+0.56%

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

Chg%

5,168.00 6,105.41 5,190.95 (1,512.02) (0.73) YTD%

17,320.71 1,992.67 4,570.82 26.55

(0.61) (0.92) (1.48) 0.57

(2.82) (3.22) (3.49) (3.24)

6,498.78 4,323.20 10,032.61

1.73 2.37 2.20

(1.03) 1.18 2.32

17,108.70 3,336.46 9,165.09 1,914.14 1,745.00 3,340.39 28,137.41 24,350.91 Last 2,304.85 1,309.24 1,276.23 540.97 2,179.18 535.83 1,135.66 730.10 1,325.86 878.28 893.69 297.62 Last 46.02 14,475.00 19,355.00 1,259.25 5,630.00 2,382.00 61.80 Last 12,555 10,328 14,764 9,435 107 19,103 CB Rate (%) 0.25 0.05 0.50 0.10 5.60 Last 5.82 7.52 7.80 8.36 2.46 7.75 5.01 111.86

1.86 3.54 (0.16) 0.03 0.17 0.43 2.89 0.99 Chg% 0.89 0.11 2.54 1.02 0.23 1.09 0.54 0.33 1.00 (0.15) 0.76 0.75 Chg% (0.50) 1.15 (0.10) (0.28) 1.48 0.93 (0.96) Chg% 0.47 (0.64) 0.76 0.18 1.26 0.23 CPI YoY (%) 1.30 0.30 1.00 2.90 1.40 Chg% (0.02) (0.60) (0.35)

(1.96) 3.15 (1.53) (0.08) (0.92) (0.74) 2.32 3.16 YTD% (1.96) (4.37) (2.36) (0.50) 0.06 2.08 (2.12) (0.21) (0.70) (0.04) (0.54) (0.65) YTD% (13.61) (4.46) (0.23) 6.28 (10.63) 3.97 (1.98) YTD% (1.33) (1.72) 2.03 (0.63) (2.93) 0.96 GDP YoY (%) 2.40 0.80 3.00 (1.30) 7.30 YTD% (1.49) (2.45) 0.06

NAV/Unit 1,032.07 1,057.71 918.71

1 Mth (%) 0.87 1.58 (8.31)

Sumber : Bloomberg

Mutual Fund Oso Sustainability Fund Oso Syariah Equity Fund Oso Socent Fund

Market Review Kemarin (15/01) IHSG ditutup mengalami penguatan. IHSG menguat 0.56% atau naik 29.04 poin ke level 5,188.71. IHSG menguat siring dengan bursa Asia lainnya menguat. Penguatan IHSG karena ada sentimen positif dimana Pemerintah Jokowi berencana ingin menurunkan kembali harga BBM seiring dengan harga minyak dunia yang terus mengalami penurunan. Hampir seluruh sektor mengalami penguatan hanya sektor perdagangan yang mengalami penurunan. Investor asing mencatatkan net sell sebesar Rp620 miliar. Global Market Sementara itu, semalam bursa Wall street ditutup kembali melemah selama lima hari berturut-turut, dimana Indeks Dow Jones turun sebesar 0.61% ke level 17,320.71, Indeks S&P500 ditutup turun 0.92% ke level 1,992.67 dan Indeks Nasdaq melemah 1.48% di level 4,570.82. Pelemahan seiring dengan rilisnya klaim pengangguran mingguan yang naik sebanyak 22.000 menjadi 316.000 dari sebelumnya 294.000. Di samping itu, kinerja beberapa emiten yang berada di bawah estimasi turut menekan pergerakan bursa Wall Street. JCI Prediction Hari ini kami perkirakan IHSG bergerak dapat menguat terbatas. Namun waspadai terhadap profit taking. Secara teknikal, IHSG membentuk candle spinning top dan berada di atas middle bollinger bands. Indikator MACD bergerak mendatar dengan histogram negatif memanjang. Sedangkan Indikator Stochastic menuju area netral. Kami perkirakan IHSG akan bergerak pada kisaran support 5,140-5,225 resistance.

Highlight News

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APLN Bidik Penjualan Rp 6 Triliun Aset BBRI Naik 22.59% YoY per Oktober 2014 RUPS BTPN Setujui 2 Komisaris dari SMBC GPRA Incar Dana Rp 300 Miliar ANJT Pinjami Anak Usaha Rp 6.25 Miliar Ekspansi SMGR ke Myanmar Menggantung GWSA Batalkan Proyek Baru META Kembali Jajaki Akuisisi Menara

OSO SECURITIES MEMBER OF INDONESIA STOCK EXCHANGE


Today News 

APLN Bidik Penjualan Rp 6 Triliun PT Agung Podomoro Land Tbk menargetkan pendapatan penjualan (marketing sales) Rp 6 triliun–Rp 6,5 triliun tahun ini. Target ini tak terpaut jauh dari pencapaian marketing sales tahun lalu yakni Rp 6,02 triliun. Selain itu, Perseroan mengincar pertumbuhan pendapatan dan laba bersih tahun ini sebesar 10%-15% YoY. Untuk mengejar target marketing sales tahun ini, APLN akan mengandalkan banyak proyek. Di Jakarta, mereka sedang mengerjakan Pakubuwono Springs, Harco Glodok, Podomoro City Extension, Plaza Kenari Mas, Metro Park Residences, Ballroom@Baywalk Mall dan Soho Pancoran. Sementara di luar ibu kota, perusahaan itu tengah menggarap proyek Orchard Park di Batam, Kepulauan Riau, Grand Taruma di Karawang, Jawa Barat dan Podomoro City Deli di Medan, Sumatra Utara. Ada juga proyek Vimala Hills di Ciawi, Jawa Barat dan Borneo Bay Residences yang berlokasi di Balikpapan, Kalimantan Timur. Sumber: Kontan

 Aset BBRI Naik 22.59% YoY per Oktober 2014 Performa PT Bank Rakyat Indonesia Tbk (BBRI)per Oktober 2014 memiliki total aset Rp 712,44 triliun (bank only), naik 22,59% YoY. Jumlah tersebut mengalahkan PT Bank Mandiri Tbk (BMRI) yang sebelumnya menempati posisi wahid. Pada periode sama, BMRI memiliki aset Rp 707,96 triliun, naik 16,3% YoY. Sumber: Kontan 

RUPS BTPN Setujui 2 Komisaris dari SMBC RUPSPT PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) setuju untuk menetapkan Chow Ying Hoong dan Hiroshima Higuma sebagai anggota dewan komisaris, menggantikan Ranviar Dewan dan Sunata Tjiterosampurno.Chow Ying Hoong bergabung dengan SMBC sejak April 2010. Saat ini ia menjabat Director & Deputy Head for Asia Pacific Division di SMBC Singapura. Sedangkan Hiroshi Higuma berkarir di SMBC sejak 1997. Saat ini ia menjabat sebagai Joint General Manager of Emerging Markets Business Division SMBC di Singapura.Dengan dukungan dan sinergi dengan SMBC, ke depan secara konsisten BTPN akan tetap mengembangkan bisnis dan layanan perbankan di segmen pensiunan, UMKM dan masyarakat prasejahtera produktif. Sumber: Investor Daily

 GPRA Incar Dana Rp 300 Miliar PT Perdana Gapura Prima Tbk (GPRA) mempersiapkan rencana penerbitan saham baru (rights issue) pada akhir semester pertama tahun ini dengan target perolehan dana Rp300 miliar. Dana tersebut rencananya akan dimanfaatkan untuk mengakuisisi tiga perusahaan yang bergerak di sektor properti. Dua Perusahaan yang sudah pasti akan diakuisisi yakni PT Mitra Abadi Sukses Sejahtera dan PT Gapura Inti Utama. Sementara itu, satu Perusahaan lagi belum bisa disebutkan saat ini, karena masih menunggu keputusan dari pemegang saham. Sumber: Bisnis Indonesia 

ANJT Pinjami Anak Usaha Rp 6.25 Miliar PT Austindo Nusantara Jaya Tbk (ANJT) memberikan pinjaman kepada anak usaha PT Pusaka Agro Makmur senilai US$500.000 atau setara dengan Rp6,25 miliar untuk pengembangan perkebunan sawit di Papua. Suku bunga pinjaman mencapai 2,75% per tahun dengan jangka waktu 1 tahun. Sumber: Bisnis Indonesia

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Ekspansi SMGR ke Myanmar Menggantung Rencana PT Semen Indonesia Tbk (SMGR) untuk berekspansi ke Myanmar masih menggantung. Pada awalnya Perseroan berencana ekspansi ke Myanmar dengan cara membeli Perusahaan semen di Myanmar. Hingga kini negosiasi masih deadlock. Sumber: Bisnis Indonesia

OSO SECURITIES MEMBER OF INDONESIA STOCK EXCHANGE


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GWSA Batalkan Proyek Baru Lantaran perolehan dana dari penerbitan obligasi tak sesuai dengan target, PT Greenwood Sejahtera Tbk (GWSA) terpaksa membatalkan pengerjaan proyek baru di Surabaya dan Jakarta pada tahun ini. Dari rencana penawaran umum berkelanjutan I tahap I 2014 dengan jumlah pokok mencapai Rp500 miliar pada awal tahun ini, GWSA hanya memperoleh Rp72 miliar dengan kupon obligasi sebesar 14,25% per tahun. Rendahnya penyerapan tersebut disebabkan oleh waktu penawaran yang tidak tepat. Sumber: Bisnis Indonesia

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META Kembali Jajaki Akuisisi Menara PT Nusantara Infrastructure Tbk (META) tengah menjajaki beberapa aksi korporasi, salah satunya penerbitan saham baru, untuk mengakuisisi sejumlah menara telekomunikasi. Perseroan berniat mengakuisisi menara baru, setelah gagal mengakuisisi menara PT XL Axiata Tbk (EXCL). Untuk akuisisi tersebut Perseroan berpeluang memilih opsi right issue. Sumber: Bisnis Indonesia

OSO SECURITIES



Trading Idea DOID Rp. 177 Walaupun saham ini masih bergerak dalam pola minor downtrend, kemarin ia hampir break MA 15 dan diprediksi akan mencoba melanjutkan kenaikannya pada hari ini. Indikator RSI baru crossover MA 10 dan stochastic baru membentuk golden cross.

Recommendation: Speculative Buy Speculative Buy untuk DOID dengan target price di level 182190 dalam waktu dekat. Support di level 166 dan cutloss jika break level 158.

PYFA Rp. 149 Saham ini telah break upper Bollinger band dimana indikator RS telah break downtrend line dan stochastic serta MACD masih bergerak uptrend.

Recommendation: Buy Buy untuk PYFA dengan target price di level 160. Support di level 145 dan cutloss jika break level 140.

WSKT Rp. 1475 Saham ini telah membentuk pola bullish engulfing dimana indikator RSI hampir crossover MA 10 dan stochastic baru membentuk golden cross.

Recommendation: Speculative Buy Speculative Buy untuk WSKT dengan target price di level 1505-1520 dalam waktu dekat. Support di level 1455 dan cutloss jika break level 1420.

Rating Definitions Buy On Breakout Buy On Weakness Speculative Buy Sell On Strength

: Buying when the stock prices breach up the predetermined resistance level : Buying when the stock prices reach the potential bottoming area : Buying stock that yields around 1:1 reward-to-risk ratio and usually has no significant indication to rise : Selling when the stock prices are experiencing technical rebound

OSO SECURITIES



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 P/BV P/E (x) 24,950 3.63 (x) 2015F 14.04 3,530 4.19 17.04 935 0.83 10.66 4,580 3.50 18.54 1,070 0.84 27.63 7,275 3.25 13.36 590 1.99 8.39 12,950 4.28 16.84 6,150 2.05 10.03 11,700 3.16 10.72 1,125 1.01 7.93 4,600 1.37 12.05 10,900 2.62 11.26 1,760 2.20 15.23 1,970 2.45 14.25 3,860 5.81 18.91 1,365 2.97 14.33 4,485 2.74 31.28 59,925 3.63 18.78 1,740 1.25 19.84 12,800 5.51 24.36 3,325 1.43 10.21 7,450 2.58 14.04 24,850 3.93 16.17 15,175 1.41 8.13 7,000 4.80 26.36 1,780 9.48 32.65 1,030 1.61 14.84 14,650 #N/A N/A 21.67 1,970 1.92 12.12 2,765 4.63 17.48 5,500 4.07 12.91 11,200 3.03 12.34 3,695 8.33 25.78 474 4.59 11.07 3,300 15.58 26.97 16,200 4.26 15.40 1,545 4.43 17.19 1,130 2.76 15.12 9,525 10.67 24.64 2,830 4.30 16.73 17,425 1.80 11.05 32,725 45.62 40.61 3,630 5.36 27.15 1,475 5.90 27.17

PEG (0.56) 0.21 (0.00) (27.51) #VALUE! (699.43) (0.52) 0.97 0.40 1.08 43.54 18.89 0.74 (0.66) 0.09 (5.28) 0.27 #VALUE! 2.86 (0.22) 17.90 (0.00) (0.77) 3.41 (0.14) (1.96) 3.74 1.07 0.66 (0.42) 16.12 1.35 (0.33) 1.01 0.29 (1.17) 1.60 0.61 1.07 0.66 1.86 (0.64) 4.41 2.00 258.07

BETA 0.04 2.01 0.27 1.20 0.49 1.37 1.98 1.20 1.71 1.65 1.62 0.62 1.62 1.41 1.39 2.04 2.12 0.65 0.98 0.02 1.32 0.46 1.23 1.17 0.44 0.70 1.31 1.91 1.40 0.21 1.19 1.01 0.42 1.91 1.90 0.82 1.39 2.12 1.19 0.56 1.11 0.70 0.96 1.60 2.17

ROA ROE DER (%) (%) (x) 16.95 28.06 0.28 3.52 23.12 0.95 3.79 9.64 0.83 4.71 14.17 1.08 (2.28) (4.04) 0.53 9.19 24.35 0.77 5.45 15.07 0.89 3.14 23.71 0.11 2.63 19.95 0.59 3.72 29.18 0.26 0.95 11.02 1.63 1.71 10.08 0.98 2.65 22.19 0.45 2.94 6.35 0.47 15.37 30.69 0.40 12.17 19.85 0.29 5.63 17.68 0.43 (1.62) (5.39) 1.16 9.84 17.14 0.44 5.23 8.02 11.12 18.95 0.16 5.19 6.78 0.13 4.52 15.11 1.16 20.07 22.85 0.01 14.66 21.63 4.79 15.37 1.23 18.16 24.94 0.07 4.10 10.10 0.61 49.17 #N/A N/A #VALUE! 12.83 15.44 15.40 23.09 0.07 17.66 32.86 0.41 17.03 29.65 0.01 4.08 25.07 0.77 14.23 36.08 0.46 33.28 49.24 0.00 18.45 26.70 0.20 8.14 23.92 0.56 6.18 17.82 1.14 7.91 38.63 3.25 11.27 23.94 0.31 10.44 18.46 0.12 37.26 96.71 0.23 4.29 16.60 0.41 4.06 16.77 0.68

EAT 1 Year Fair Value Growth (%) (25.26) 26,950 91.88 3,405 (328,068.05) 1,215 (0.92) 5,150 (86.04) 985 (0.02) 7,525 (27.08) 600 20.54 13,175 28.50 6,475 11.08 12,675 0.22 1,190 0.74 3,895 17.41 11,900 (53.61) 2,115 109.28 2,050 (5.89) 4,480 65.13 1,350 (62.68) 6,275 7.85 66,975 (68.21) 1,385 1.71 12,600 (514,285.71) 4,605 (23.43) 8,075 5.25 26,200 (46.32) 21,450 (16.70) 7,350 10.81 1,780 16.05 1,230 49.20 17,750 (31.22) 2,195 1.33 2,820 8.98 6,500 (34.83) 13,625 35.85 3,595 51.45 555 (28.48) 3,590 10.82 17,675 33.00 1,680 15.45 1,465 43.91 9,150 10.15 2,985 (16.34) 20,525 10.65 29,750 19.20 3,495 0.15 1,310

Up-Side Recommendation (Down-Side)8.02 (%) Buy (3.54) Sell 29.95 Buy 12.45 Buy (7.94) Sell 3.44 Hold 1.69 Hold 1.74 Hold 5.28 Buy 8.33 Buy 5.78 Buy (15.33) Sell 9.17 Buy 20.17 Buy 4.06 Hold 16.06 Buy (1.10) Sell 39.91 Buy 11.76 Buy (20.40) Sell (1.56) Sell 38.50 Buy 8.39 Buy 5.43 Buy 41.35 Buy 5.00 Hold 0.00 Hold 19.42 Buy 21.16 Buy 11.42 Buy 1.99 Hold 18.18 Buy 21.65 Buy (2.71) Sell 17.09 Buy 8.79 Buy 9.10 Buy 8.74 Buy 29.65 Buy (3.94) Sell 5.48 Buy 17.79 Buy (9.09) Sell (3.72) Sell (11.19) Sell

Market Cap (Tn) 39.29 6.36 29.91 17.92 10.21 294.52 11.59 319.28 114.69 288.63 11.89 44.09 254.33 24.99 36.19 63.30 20.70 38.28 115.30 4.70 74.64 33.04 65.41 91.48 17.15 47.60 83.44 23.77 42.75 13.44 39.47 133.33 25.81 17.89 22.83 48.25 96.09 22.29 2.42 45.69 285.26 65.00 249.69 22.32 14.35

OSO SECURITIES



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 5,189 24,950 3,530 935 4,580 1,070 7,275 590 12,950 6,150 11,700 1,125 4,600 10,900 1,760 1,970 3,860 1,365 4,485 59,925 1,740 12,800 3,325 7,450 24,850 15,175 7,000 1,780 1,030 14,650 1,970 2,765 5,500 11,200 3,695 474 3,300 16,200 1,545 1,130 9,525 2,830 17,425 32,725 3,630 1,475

Open

High

5,180 25,100 3,455 955 4,530 1,065 7,150 575 13,025 6,100 11,700 1,120 4,590 10,950 1,825 1,970 3,845 1,350 4,430 59,700 1,735 12,750 3,375 7,425 24,700 15,200 7,100 1,785 1,010 14,200 1,940 2,755 5,450 11,300 3,685 473 3,340 16,175 1,500 1,110 9,525 2,835 17,450 32,900 3,555 1,420

5,194 25,600 3,545 955 4,595 1,085 7,275 595 13,050 6,200 11,800 1,130 4,650 10,950 1,845 1,985 3,885 1,390 4,605 60,400 1,740 12,800 3,415 7,450 24,950 15,475 7,100 1,795 1,040 14,675 1,980 2,790 5,525 11,400 3,725 480 3,340 16,250 1,560 1,130 9,525 2,840 17,550 33,000 3,645 1,485

Low 5,168 24,900 3,455 930 4,530 1,060 7,100 570 12,950 6,075 11,675 1,095 4,580 10,750 1,755 1,950 3,820 1,340 4,430 59,700 1,730 12,650 3,295 7,350 24,500 15,075 6,950 1,775 1,005 14,200 1,940 2,750 5,425 11,150 3,685 470 3,265 16,125 1,500 1,110 9,450 2,810 17,325 32,650 3,555 1,420

Year-to-Date (YtD%) -0.73% 2.89% 1.44% -10.10% 11.17% 0.47% -2.02% 5.36% -1.33% 0.82% 0.43% -6.64% 1.66% 1.16% 23.51% 9.14% 2.12% 9.20% -7.81% -1.28% 4.82% -2.29% -8.28% 10.37% -0.60% -1.30% -0.71% -2.73% 0.98% -2.33% 4.23% 8.86% -8.33% -10.40% 3.36% -7.96% -5.71% 0.00% 1.64% -3.42% -1.80% -1.22% 0.43% 1.32% -1.36% 0.34%

MA5

RSI Rec

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

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

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

Bollinger Band Pivot Point Lower Middle Upper 5,047 5,163 5,279 5,183 21,875 24,075 26,250 25,150 2,780 3,300 3,825 3,495 960 1,025 1,090 945 4,040 4,430 4,825 4,560 930 1,035 1,135 1,070 6,925 7,175 7,425 7,200 505 555 610 585 12,825 13,075 13,300 13,000 5,850 6,050 6,225 6,125 11,225 11,625 12,050 11,725 1,140 1,195 1,245 1,120 4,280 4,500 4,720 4,605 10,375 10,725 11,075 10,900 1,195 1,510 1,825 1,795 1,670 1,850 2,030 1,970 3,710 3,800 3,890 3,855 1,150 1,310 1,465 1,360 4,340 4,730 5,125 4,490 57,625 60,425 63,225 59,925 1,655 1,710 1,765 1,735 11,475 12,475 13,500 12,750 3,365 3,645 3,920 3,355 6,100 6,925 7,775 7,425 23,425 24,425 25,425 24,750 14,250 15,300 16,325 15,225 6,800 6,950 7,125 7,050 1,745 1,800 1,855 1,785 970 1,025 1,075 1,020 13,975 14,575 15,200 14,425 1,835 1,930 2,025 1,960 2,305 2,560 2,810 2,765 5,575 5,850 6,100 5,475 11,175 12,350 13,500 11,275 3,175 3,515 3,855 3,700 469 515 560 474 3,215 3,375 3,530 3,310 15,475 16,000 16,500 16,200 1,465 1,550 1,630 1,525 1,125 1,185 1,245 1,120 9,225 9,550 9,875 9,500 2,750 2,820 2,890 2,830 16,700 17,125 17,550 17,450 30,550 32,075 33,600 32,825 3,160 3,500 3,835 3,595 1,185 1,375 1,570 1,450

Support 1 2 5,172 5,157 24,675 24,450 3,450 3,405 935 920 4,525 4,495 1,055 1,045 7,125 7,025 570 560 12,950 12,900 6,075 6,000 11,650 11,600 1,105 1,085 4,560 4,535 10,825 10,700 1,750 1,705 1,955 1,935 3,820 3,790 1,335 1,310 4,370 4,315 59,475 59,225 1,735 1,725 12,700 12,600 3,290 3,235 7,400 7,325 24,550 24,300 15,000 14,825 6,975 6,900 1,775 1,765 1,005 985 14,200 13,950 1,935 1,920 2,740 2,725 5,425 5,375 11,125 11,025 3,670 3,660 469 464 3,285 3,235 16,125 16,075 1,495 1,465 1,110 1,100 9,500 9,425 2,820 2,800 17,325 17,225 32,650 32,475 3,550 3,505 1,415 1,385

Resistance Stop Loss Level 1 2 5,198 5,209 5,079 25,375 25,850 24,075 3,540 3,585 3,355 960 970 905 4,590 4,625 4,425 1,080 1,095 1,030 7,300 7,375 6,925 595 610 550 13,050 13,100 12,700 6,200 6,250 5,925 11,775 11,850 11,425 1,140 1,155 1,065 4,630 4,675 4,465 11,025 11,100 10,525 1,840 1,885 1,680 1,990 2,005 1,905 3,885 3,920 3,730 1,385 1,410 1,290 4,545 4,665 4,250 60,175 60,625 58,350 1,745 1,745 1,700 12,850 12,900 12,400 3,410 3,475 3,185 7,500 7,525 7,200 25,000 25,200 23,925 15,400 15,625 14,600 7,125 7,200 6,775 1,795 1,805 1,735 1,040 1,055 970 14,675 14,900 13,750 1,975 2,000 1,890 2,780 2,805 2,685 5,525 5,575 5,300 11,375 11,525 10,850 3,710 3,740 3,605 479 484 457 3,360 3,385 3,190 16,250 16,325 15,825 1,555 1,585 1,445 1,130 1,140 1,085 9,575 9,575 9,300 2,850 2,860 2,755 17,550 17,675 16,950 33,000 33,175 31,975 3,640 3,685 3,455 1,480 1,515 1,365

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

Buy Buy

Buy Buy

Buy Buy

Buy

Buy

Buy Buy Buy Buy

Buy

OSO SECURITIES



Economic Calendar Date 12-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 13-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 14-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 15-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15 16-Jan-15

Agenda US Labor Market Conditions Index Japan Current Account Japan Bank Lending YoY China Exports YoY China Imports YoY China Balance of Trade Japan Eco Watchers Survey Current Japan Eco Watchers Survey Outlook Germany Wholesale price index MoM Italy Industrial Production MoM Italy Industrial Production YoY UK Retail Price Index YoY UK Retail Price Index MoM UK Core Inflation Rate YoY UK Inflation Rate MoM UK Inflation Rate YoY US NFIB Business Optimism Index US JOLTs Job Openings US IBD/TIPP Economic Optimism US Monthly Budget Statement France Current Account France Inflation Rate MoM France Inflation Rate YoY Italy Inflation Rate MoM Final Italy Inflation Rate YoY Final Euro Area Industrial Production YoY Euro Area Industrial Production MoM US MBA Mortgage Applications US Export Price Index MoM US Import Price Index MoM US Export Price Index YoY US Import Price Index YoY US Retail Sales Ex Autos MoM US Retail Sales MoM US Retail Sales YoY US Business Inventories MoM US EIA Crude Oil Stocks Change US Fed's Beige Book Japan Machinery Orders MoM Japan Machinery Orders YoY UK RICS House Price Balance Spanyol Inflation Rate YoY Final Spanyol Inflation Rate MoM Final Germany GDP Growth Rate 2014 Indonesia Interest Rate Decision Euro Area Balance of Trade US NY Empire State Manufacturing Index US Continuing Jobless Claims US Initial Jobless Claims US Philadelphia Fed Manufacturing Index US EIA Natural Gas Stocks Change Japan Tertiary Industry Index MoM Japan Foreign Bond Investment Japan Stock Investment by Foreigners China FDI (YTD) YoY Germany Inflation Rate YoY Final Germany Inflation Rate MoM Final Spanyol Balance of Trade Euro Area Inflation Rate MoM Euro Area Core Inflation Rate YoY Final Euro Area Inflation Rate YoY Final Italy Current Account US Inflation Rate MoM US Inflation Rate YoY US Industrial Production MoM US Industrial Production YoY US Manufacturing Production YoY US Reuters Michigan Consumer Sentiment Prel

Sumber :Trading economic & Bloomberg

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

Actual

Prior

6.1 ¥433 2.60% 9.70% -2.40% $49.6B 45.2 46.7 -1.00% 0.30% -1.80% 1.60% 0.20% 1.30% 0.00% 0.50% 100.4 4.972M 51.5 $ 2B € 0.2B 0.10% 0.10% 0.00% 0.00% -0.40% 0.20% 49.10% -1.20% -2.50% -3.20% -5.50% -1% -0.90% 3.20% 0.20% 5.4M

2.9 ¥833.4B 2.70% 4.70% -6.70% $54.5B 41.5 44 -0.70% 0.0% (R) -3.00% 2% -0.20% 1.20% -0.30% 1.00% 98.1 4.830M (R) 48.4 $ -56.8B €-0.4B (R) -0.20% 0.30% -0.20% 0.20% 0.8% (R) 0.3% (R) 11.10% -0.8%(R) -1.8%(R) -1.90% -2.30% 0.1% (R) 0.4% (R) 4.7% (R) 0.20% -3.062M

1.30% -14.60% 11 -1.00% -0.60% 1.50%

-6.40% -4.90% 13 -0.40% -0.10% 0.40% 7.75% € 23.6B (R) -1.23 (R) 2475K (R) 294K 24.3 -131Bcf -0.1% (R) ¥20.1B (R) ¥-40.7B 0.70% 0.60% 0.00% € -2.24B -0.20% 0.70% 0.30% € 5460M -0.30% 1.30% 1.30% 5.20% 4.80% 93.6

€ 20B 9.95 2424K 316K 6.3 -236Bcf 0.20% ¥455.1B ¥-684.4B

Concensus ¥ 133.2B 6.80% -7.40% $49.85B

0.20% 0.10% -2.70% 1.60% 0.10% 0.10% 0.70% 97.9 4.863M 48.3 $ 22.0B 0% 0.00% 0.00% -0.80% 0.00% -1.00% -2.90%

0.00% -0.10% 0.20%

5.00% -5.80% 10 -1.10% -0.60% 1.50%

5 2400K 291K 19.9 -224Bcf

0.20% 0.00% -0.10% 0.80% -0.20% -0.40% 0.70% 0.10%

94.1

OSO SECURITIES



DIVIDEN No Name 1 BFI FINANCE INDONESIA Tbk 2 BENAKAT INTEGRA Tbk

Code BFIN BIPI

Cum- Date 2-Jan-15 13-Jan-15

Ex-Date Pay -Date Ammount (IDR) 5-Jan-15 15-Jan-15 138.00 14-Jan-15 30-Jan-15 1.00

RUPS

Code WOMF KARW BBNP SMGR SSMS DVLA MGNA ISAT DAJK CMNP SIPD JTPE APII ACST ITMA DNET AKKU BULL ASRI

Agenda RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS RUPS

Date 21-Jan-15 23-Jan-15 23-Jan-15 23-Jan-15 24-Jan-15 26-Jan-15 26-Jan-15 28-Jan-15 29-Jan-15 30-Jan-15 31-Jan-15 4-Feb-15 6-Feb-15 9-Feb-15 16-Feb-15 17-Feb-15 20-Feb-15 20-Feb-15 25-Feb-15

Time Place 16.00 Function Room, Sentral Senayan III Lantai 28 Jl. Asia Afrika No. 8 Senayan Gelora Bung Karno Jakarta 10270 10.00 Graha Kirana Lantai 7, Ruang 701 Jalan Yos Sudarso No.88, Jakarta Utara 14350 11.00 Gedung Kantor Pusat PT Bank Nusantara Parahyangan Tbk lt. 3 Jl. Ir. H. Juanda No. 95 Bandung - 40132 13.00 Balai Kartini Jl. Gatot Subroto Kav. 37 Jakarta 12950 9.00 Hotel Gran Mahakam Ruang Gardenia, Lobby Level Jalan Mahakam I No. 6, Blok M Jakarta 12130 14.30 Ruang Anggrek 5, Lantai 3A, North Tower Sampoerna Strategic Square Jl. Jend. Sudirman Kav. 45-46 Jakarta 12930 10.00 Auditorium lantai 4, Gedung Indosat Jl. Medan Merdeka Barat No. 21 Jakarta 10110 14.00 Plant 1 PT Dwi Aneka Jaya Kemasindo Tbk Jl. Industri Raya II/5, Kel. Pasir Jaya Jatiuwung Tangerang 14.30 Puri Ratna 2nd Floor , Grand Sahid Jaya Hotel Jl. Jend. Sudirman Kav. 86, Jakarta Pusat 10.00 Ruang Saturnus III, The Sun Hotel Jl. Pahlawan No. 01 Sidoarjo 14.00 Graha CIMB Niaga, Financial Club Lantai 28 Jl. Jend. Sudirman Kav. 58 Jakarta 12190 10.00 WTC II, lantai 18 Jl. Jend. Sudirman Kav. 29-31 Jakarta Selatan 14.00 Wisma Indocement Lantai 21 Jl. Jend. Sudirman kav. 70 - 71 Jakarta 12910

10.00 Hotel Mercure, Alam Sutera Serpong-Tangerang

OSO SECURITIES



RESEARCH TEAM Supriyadi ([email protected]) Andri Goklas ([email protected]) Fanny Suherman ([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

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 16 Januari 2015 JCI 5, %

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