OSO SECURITIES. OSO Daily 29 Januari 2015 JCI 5, %

OSO SECURITIES

OSO Daily 29 Januari 2015

MEMBER OF INDONESIA STOCK EXCHANGE

G7trad g7 ak 3inilIxty

P mas

ISAT M ulai M ETAzu`ontai n99

JCI 5,268.85 Previous 5,277.14 Highest 5,279.91 Volbn 5.78 NetForg 1DIDRbn (424.01) Return YTD (%) 0.80 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 DAX Germany Asia Pacific Nikkei Japanese Shanghai China TWSE Taiwan KOSPI Korea KLSE Malaysia ST – Times Singapore Sensex India Hangseng Hongkong Sectoral Previous AGRICULTURE 2,253.44 MINING 1,330.97 MISC INDUSTRY 1,357.49 BASIC INDUSTRY 520.42 CONSUMER GOODS 2,294.61 PROPERTY 554.04 INFRASTRUKTUR 1,126.67 FINANCE 739.63 MANUFAKTURE 1,368.22 TRADE 895.80 LQ 45 916.10 SRI-KEHATI 304.52 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)

-8.29

-0.15%

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

Chg%

5,263.54 5,577.92 5,268.43 (308.21) 0.80 YTD%

17,191.37 2,002.16 4,637.99 27.27

(1.13) (1.35) (0.93) (0.47)

(3.54) (2.76) (2.07) (0.62)

6,825.94 4,610.94 10,710.97

0.21 (0.29) 0.78

3.96 7.92 9.23

17,795.73 3,305.74 9,510.92 1,961.58 1,795.88 3,411.47 29,559.18 24,861.81 Last 2,241.23 1,335.58 1,358.65 519.38 2,283.42 552.14 1,124.79 734.43 1,364.52 907.02 911.69 303.32 Last 44.59 15,050.00 19,245.00 1,285.46 5,484.00 2,221.00 61.80 Last 12,487 9,974 14,157 9,247 106 18,970 CB Rate (%) 0.25 0.05 0.50 0.10 5.60 Last 5.85 6.99 7.22 8.36 2.46 7.75 5.01 111.86

0.15 (1.41) (0.11) 0.47 (0.40) (0.02) (0.04) 0.22 Chg% (0.54) 0.35 0.09 (0.20) (0.49) (0.34) (0.17) (0.70) (0.27) 1.25 (0.48) (0.39) Chg% 0.31 1.76 (0.31) 0.08 1.16 1.51 (0.96) Chg% (0.14) (0.43) (0.16) 0.52 (0.42) (0.66) CPI YoY (%) 1.30 0.30 1.00 2.90 1.40 Chg% 0.00 (0.74) (0.39)

1.98 2.20 2.19 2.40 1.97 1.38 7.49 5.32 YTD% (4.67) (2.44) 3.95 (4.47) 4.84 5.19 (3.06) 0.38 2.20 3.23 1.46 1.25 YTD% (16.29) (0.66) (0.80) 8.49 (12.95) (3.06) (1.98) YTD% (0.79) 1.77 6.40 1.39 (2.23) 1.67 GDP YoY (%) 2.40 0.80 3.00 (1.30) 7.30 YTD% (1.00) (9.33) (7.36)

NAV/Unit 1039.26 1073.54 928.55

1 Mth (%) 0.39 2.00 (8.92)

Sumber : Bloomberg

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

Market Review Kemarin (28/01) IHSG ditutup mengalami pelemahan. IHSG melemah 0.15% atau turun 8.29 poin ke level 5,268.85. Pelemahan IHSG seiring dengan pelemahan bursa US pada perdagangan sebelumnya, investor menanti hasil dari pertemuan bank sentral Federal Reserve terkait suku bunga acuan serta kekuatiran gejolak politik di Eropa serta domestik masih membayangi pasar saham IHSG. Hanya sektor pertambangan, aneka industri dan perdagangan yang mampu menguat di tengah pelemahan IHSG. Investor asing mencatatkan net sell sebesar Rp424 miliar. Global Market Kemarin Bursa US ditutup melemah dimana Dow Jones turun 1.13% ke level 17.191, Nasdaq turun 0.93% ke level 4637.9 dan S&P 500 turun 1.4% ke level 2002.2. Pagi ini bursa Asia juga melemah seiring dengan pelemahan bursa US. Hal ini disebabkan oleh statement the Fed akan resiko international ke ekonomi US sehingga The Fed masih akan bersabar menormalisasikan kebijakan moneter sampai ekonomi US di nilai benar-benar kuat dan kecemasan politik di Yunani masih membayangi pasar global. JCI Prediction Hari ini kami perkirakan IHSG bergerak variatif dengan kencenderungan melemah. Secara teknikal IHSG membentuk berish engulfing yang mengindikasikan pelemahan. Indikator MACD bergerak mendatar dengan histogram negatif dan indikator stochastic berada pada area overbought yang mengindikasikan death cross. Untuk area support dan resistance masing-masing berada pada level 5230-5300.

Highlight News

• • • • • • • •

Pemerintah Dorong ANTM Beli Saham Freeport APEX akan Rilis Obligasi S$ 500 Juta LEAD Terbitkan Obligasi Untuk Ekspansi ITMG Pangkas Capex Penjualan CPO AALI Turun 12.9% pada 2014 SSIA Agresif Garap Bisnis Hotel PYFA Tunda Bangun Pabrik CMNP Bagi Dividen Saham Bonus Rp 500

OSO SECURITIES MEMBER OF INDONESIA STOCK EXCHANGE


Today News •

Pemerintah Dorong ANTM Beli Saham Freeport Pemerintah mendorong PT Aneka Tambang Tbk (ANTM) membeli saham divestasi PT Freeport Indonesia 10,64%. Ini untuk meningkatkan kepemilikan Indonesia atas Freeport menjadi 20%. Berdasarkan Peraturan Pemerintah Nomor 77 tahun 2014, Perusahaan tambang asal AS, Freeport-McMoRan Copper & Gold Inc, wajib melepas 20% sahamnya di PT Freeport Indonesia sebelum 14 Oktober 2015. Saat ini, pemerintah Indonesia hanya memiliki 9,36% saham Freeport Indonesia sementara 90,64% saham lainnya dikuasai Freeport McMoran. Membeli saham Freeport bisa menguntungkan ANTM. Sumber: Kontan

•

APEX akan Rilis Obligasi S$ 500 Juta Setelah sempat tertunda beberapa kali, PT Apexindo Pratama Duta Tbk (APEX) memantapkan niatnya merilis surat utang alias obligasi S$ 500 juta setara Rp 4,81 triliun (kurs Rp 9.633,99 per dollar Singapura). Transaksi ini termasuk transaksi material karena nilainya lebih dari 50% dari ekuitas APEX. Obligasi itu bakal digunakan membiayai kembali (refinancing) utang, serta modal kerja. APEX akan menunjuk anak usahanya sebagai penerbit obligasi. Obligasi ini bertenor lima tahun, dengan pembayaran bunga tiap enam bulan. APEX menargetkan tingkat kupon maksimal 10%-12% per tahun. APEX akan menggelar RUPSLB pada 6 Maret 2015 untuk meminta persetujuan pemegang saham atas niat penerbitan obligasi ini. Sumber: Kontan

•

LEAD Terbitkan Obligasi Untuk Ekspansi PT Logindo Samudramakmur Tbk (LEAD) merencanakan untuk menerbitkan surat utang atau obligasi sebesar 50 juta dolar Singapura untuk mendukung ekspansi. 70 persen dana hasil penerbitan obligasi akan digunakan untuk mendukung belanja modal dan 30 persen untuk modal kerja Perseroan. Proses penerbitan obligasi perseroan akan dilakukan di Singapore Exchange Securities Trading Limited dipimpin (lead manager) oleh United Overseas Bank Limited, Singapura dengan agen pembayaran prinsipal Deutsche Bank AG, Singapura. Bunga indikatif obligasi sebesar 2,93 persen per tahun dan akan dibayarkan dua kali per tahun. Sumber: Investor Daily

•

ITMG Pangkas Capex PT Indo Tambangraya Megah Tbk (ITMG) menurunkan alokasi belanja modal 2015 menjadi hanya US$60 juta. Anggaran belanja modal ini juga di bawah proyeksi sebelumnya. Akhir tahun lalu, Perseroan pernah menyampaikan capex akan ada di kisaran US$100 juta. Belanja modal tersebut bakal dipakai untuk perawatan alat dan investasi lain yang berkaitan dengan efisiensi, misalnya pengerjaan hauling road. Adapun ekspansi akan ditahan seiring upaya peningkatan efisiensi. Sumber: Bisnis Indonesia

•

Penjualan CPO AALI Turun 12.9% pada 2014 Pada 2014, PT Astra Agro Lestari TBk (AALI) mencatatkan penurunan penjualan CPO bila dibandingkan tahun sebelumnya. Volume penjualan CPO AALI mencapai 1,37 juta ton, turun 12,9% YoY. Penurunan karena ada pengaruh melemahnya ekonomi China dan India. Selain menjual CPO, sepanjang 2014 lalu Perseroan juga melakukan penjualan untuk kernel sebanyak 366.288 ton dan olein sebanyak 255.073 ton. Sumber: Bisnis Indonesia



•

SSIA Agresif Garap Bisnis Hotel PT Surya Semesta Internusa Tbk (SSIA) akan menambah enam hotel baru dalam periode dua tahun ke depan. Pada 2015, Perseroan berencana meresmikan empat hotel yang berlokasi di Cirebon, Jababeka, Palembang, dan Pekanbaru, melalui brand Batiqa Hotels. Pada 2016, SSIA akan menambah dua hotel lagi di Lampung dan Casablanca, Jakarta. Per September 2014, Perseroan telah meluncurkan Batiqa Hotel & Apartments Karawang. Hotel lainnya yang dimiliki SSIA meliputi Gran Melia Jakarta (GMJ), Melia Bali Hotel (MBH), dan Banyan Tree Ungasan Resort. Sumber: Bisnis Indonesia

•

PYFA Tunda Bangun Pabrik PT Pyridam Farma Tbk (PYFA) menunda pembangunan pabrik biofarmasi senilai US$12 juta karena pasar dinilai masih terlalu kecil dibandingkan dengan investasi yang harus digelontorkan. Semula Perseroan berencana membangun fasilitas tersebut pada semester II-2014. Perseroan akan menunda ekspansi sampai pasar cukup besar untuk investasi. Sumber: Bisnis Indonesia

•

CMNP Bagi Dividen Saham Bonus Rp 500 PT Citra Marga Nusaphala Persada Tbk (CMNP) bakal membagikan dividen saham bonus yang berasal dari saldo laba ditahan Perseroan sebesar Rp500 per saham. CMNP akan mengusulkan rencana ini dalam rapat umum pemegang saham luar biasa (RUPSLB) yang akan digelar pada 30 Januari 2015. Sumber: Bisnis Indonesia

OSO SECURITIES



Trading Idea TAXI Rp. 1020

Taxi masih bergerak dalam pola minor downtrend akan tetapi telah membentuk positive divergence. Walaupun seluruh indikator masih bergerak melemah, tapi ada potensi rebound sedikit pada hari ini.

Recommendation: Speculative Buy

Speculative Buy untuk TAXI dengan target price di level 10401060 dalam jangka pendek. Support di level 980 dan cutloss jika break level 970.

ACST Rp. 3885

Saham ini telah break upper Bollinger band dimana indikator RS masih bergerak uptrend dan MACD baru membentuk golden cross.

Recommendation: Buy

Buy untuk ACST dengan target price di level 4200 dalam jangka menengah. Support di level 3850 dan cutloss jika break level 3780.

MYOR Rp. 24100

Saham ini masih bergerak dalam pola minor uptrend dimana ROC dan MACD masih bergerak uptrend dan stochastic baru membentuk golden cross.

Recommendation: Speculative Buy

Speculative Buy untuk MYOR dengan target price di level 24300-24500 dalam jangka pendek. Support di level 23250 dan cutloss jika break level 23050.

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 23,675 3.45 3,640 4.32 995 0.89 4,620 3.53 1,050 0.82 7,825 3.50 595 2.00 13,275 4.39 6,175 2.06 11,700 2.96 1,010 0.90 4,680 1.40 10,975 2.64 1,825 2.28 1,990 2.48 3,985 6.00 1,430 3.11 4,890 2.99 57,175 3.46 1,670 1.20 14,700 6.33 3,560 1.54 7,400 2.56 23,000 3.64 15,400 1.44 7,125 4.89 1,860 9.91 1,090 1.71 15,675 #N/A N/A 1,845 1.80 2,855 4.78 5,225 3.88 11,525 3.12 3,800 8.57 490 4.74 3,550 16.76 14,475 3.81 1,630 4.67 1,020 2.49 9,400 10.53 2,845 4.33 18,200 1.88 35,500 49.49 3,675 5.43 1,640 6.56

P/E 13.31 17.57 11.39 18.88 34.20 14.49 8.45 17.30 10.06 9.47 7.19 12.31 11.34 16.50 14.36 19.64 15.15 34.49 18.47 19.11 27.77 11.88 13.70 15.02 8.28 26.74 34.07 15.80 23.18 11.28 18.05 12.31 13.05 26.51 11.40 29.01 14.08 18.15 14.01 24.04 16.80 11.64 44.02 27.52 30.43

PEG (0.53) 0.22 (0.00) (27.75) #VALUE! (752.31) (0.52) 0.99 0.40 0.88 39.09 19.22 0.74 (0.69) 0.09 (5.45) 0.29 #VALUE! 2.73 (0.21) 20.56 (0.00) (0.77) 3.15 (0.14) (2.00) 3.91 1.13 0.71 (0.39) 16.64 1.29 (0.34) 1.04 0.30 (1.26) 1.43 0.64 0.97 0.65 1.87 (0.67) 4.79 2.02 286.94

BETA 0.04 2.02 0.33 1.15 0.48 1.40 1.96 1.18 1.68 1.63 1.56 0.67 1.63 1.42 1.37 2.02 2.10 0.68 0.94 (0.00) 1.39 0.51 1.24 1.18 0.44 0.69 1.31 1.93 1.43 0.19 1.21 1.00 0.48 1.90 1.93 0.86 1.34 2.08 1.18 0.56 1.10 0.70 0.99 1.60 2.18

ROE DER ROA 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 3.39 27.43 0.59 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 (25.26) 27,175 91.88 3,520 (328,068.05) 1,210 (0.92) 5,075 (86.04) 995 (0.02) 7,550 (27.08) 605 20.54 13,150 28.50 6,525 13.57 12,800 0.22 1,195 0.74 3,885 17.41 11,850 (53.61) 2,115 109.28 2,165 (5.89) 4,435 65.13 1,430 (62.68) 6,175 7.85 63,950 (68.21) 1,320 1.71 12,775 (514,285.71) 4,515 (23.43) 8,200 5.25 25,350 (46.32) 21,325 (16.70) 7,525 10.81 1,785 16.05 1,220 49.20 17,675 (31.22) 2,195 1.33 2,840 8.98 6,325 (34.83) 13,600 35.85 3,840 51.45 555 (28.48) 3,590 10.82 16,600 33.00 1,715 15.45 1,430 43.91 9,150 10.15 3,005 (16.34) 20,375 10.65 30,925 19.20 3,615 0.15 1,350

Up-Side Recommendation 14.78 Buy (3.30) Sell 21.61 Buy 9.85 Buy (5.24) Sell (3.51) Sell 1.68 Hold (0.94) Sell 5.67 Buy 9.40 Buy 18.32 Buy (16.99) Sell 7.97 Buy 15.89 Buy 8.79 Buy 11.29 Buy 0.00 Hold 26.28 Buy 11.85 Buy (20.96) Sell (13.10) Sell 26.83 Buy 10.81 Buy 10.22 Buy 38.47 Buy 5.61 Buy (4.03) Sell 11.93 Buy 12.76 Buy 18.97 Buy (0.53) Sell 21.05 Buy 18.00 Buy 1.05 Hold 13.27 Buy 1.13 Hold 14.68 Buy 5.21 Buy 40.20 Buy (2.66) Sell 5.62 Buy 11.95 Buy (12.89) Sell (1.63) Sell (17.68) Sell

Market Cap 37.28 6.56 31.83 18.08 10.02 316.78 11.69 327.30 115.16 288.63 10.67 44.86 256.08 25.91 36.56 65.35 21.69 41.73 110.01 4.52 85.72 35.37 64.98 84.67 17.40 48.45 87.19 25.15 45.74 12.59 40.76 126.66 26.56 18.40 23.60 51.91 85.86 23.52 2.19 45.09 286.78 67.89 270.87 22.60 15.95

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 5,269 23,675 3,640 995 4,620 1,050 7,825 595 13,275 6,175 11,700 1,010 4,680 10,975 1,825 1,990 3,985 1,430 4,890 57,175 1,670 14,700 3,560 7,400 23,000 15,400 7,125 1,860 1,090 15,675 1,845 2,855 5,225 11,525 3,800 490 3,550 14,475 1,630 1,020 9,400 2,845 18,200 35,500 3,675 1,640

Open

High

5,272 24,225 3,620 1,000 4,605 1,055 7,875 585 13,175 6,250 11,925 1,005 5,100 11,150 1,865 1,950 4,000 1,435 4,950 57,100 1,655 14,525 3,590 7,450 23,000 15,250 7,050 1,850 1,085 15,200 1,830 2,865 5,225 11,300 3,770 486 3,545 14,475 1,580 1,060 9,725 2,840 18,150 35,500 3,620 1,635

5,280 24,425 3,665 1,010 4,650 1,065 7,900 600 13,325 6,300 11,925 1,025 5,100 11,175 1,870 2,015 4,000 1,435 4,950 57,700 1,675 15,000 3,605 7,525 23,100 15,475 7,125 1,875 1,100 15,750 1,865 2,885 5,250 11,600 3,805 490 3,590 14,550 1,640 1,060 9,725 2,855 18,275 35,700 3,685 1,660

Low 5,264 23,675 3,610 995 4,595 1,050 7,775 585 13,150 6,175 11,675 1,000 4,660 10,975 1,800 1,950 3,975 1,420 4,890 57,050 1,655 14,500 3,555 7,400 22,875 15,150 7,025 1,845 1,075 15,200 1,825 2,770 5,200 11,275 3,750 485 3,510 14,425 1,575 1,010 9,400 2,825 18,050 35,225 3,610 1,620

Year-to-Date (YtD%) 0.80% -2.37% 4.60% -4.33% 12.14% -1.41% 5.39% 6.25% 1.14% 1.23% 0.43% -16.18% 3.43% 1.86% 28.07% 10.25% 5.42% 14.40% 0.51% -5.81% 0.60% 12.21% -1.79% 9.63% -8.00% 0.16% 1.06% 1.64% 6.86% 4.50% -2.38% 12.40% -12.92% -7.80% 6.29% -4.85% 1.43% -10.65% 7.24% -12.82% -3.09% -0.70% 4.90% 9.91% -0.14% 11.56%

MA5

RSI Rec

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

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

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

Bollinger Band Pivot Point Lower Middle Upper 5,123 5,211 5,299 5,271 23,300 24,625 25,950 24,000 3,410 3,545 3,685 3,635 925 995 1,060 1,000 4,220 4,500 4,785 4,620 1,020 1,060 1,105 1,055 6,750 7,375 8,025 7,850 555 580 610 590 12,850 13,075 13,300 13,225 5,925 6,075 6,225 6,225 11,375 11,700 12,050 11,800 970 1,135 1,300 1,010 4,365 4,650 4,940 4,885 10,525 10,875 11,225 11,075 1,285 1,700 2,115 1,840 1,795 1,970 2,150 1,975 3,695 3,850 4,005 3,990 1,270 1,390 1,510 1,430 4,340 4,690 5,025 4,920 54,550 59,600 64,625 57,250 1,660 1,720 1,780 1,665 11,800 13,325 14,850 14,675 3,325 3,505 3,685 3,580 6,875 7,350 7,825 7,450 21,650 23,775 25,875 23,000 14,325 15,075 15,825 15,325 6,900 7,025 7,150 7,075 1,760 1,815 1,865 1,860 975 1,040 1,100 1,090 13,800 14,825 15,875 15,450 1,810 1,925 2,035 1,840 2,460 2,710 2,960 2,845 5,075 5,600 6,125 5,225 10,375 11,575 12,775 11,425 3,515 3,675 3,840 3,780 457 505 550 488 3,145 3,410 3,670 3,550 13,725 15,400 17,050 14,475 1,485 1,580 1,670 1,605 1,035 1,135 1,230 1,040 9,225 9,525 9,825 9,575 2,795 2,850 2,905 2,840 16,600 17,325 18,050 18,175 30,875 33,625 36,375 35,475 3,525 3,620 3,720 3,650 1,350 1,480 1,610 1,640

Support 1 2 5,262 5,255 23,575 23,250 3,605 3,580 990 985 4,585 4,565 1,045 1,040 7,800 7,725 585 575 13,150 13,050 6,150 6,100 11,700 11,550 995 985 4,670 4,445 10,975 10,875 1,810 1,770 1,940 1,910 3,980 3,965 1,425 1,415 4,890 4,860 56,825 56,600 1,655 1,645 14,375 14,175 3,550 3,530 7,375 7,325 22,900 22,775 15,175 15,000 7,050 6,975 1,840 1,830 1,075 1,065 15,175 14,900 1,820 1,800 2,805 2,730 5,200 5,175 11,250 11,100 3,760 3,725 486 483 3,510 3,470 14,425 14,350 1,575 1,540 1,015 990 9,400 9,250 2,830 2,810 18,075 17,950 35,275 35,000 3,610 3,575 1,620 1,600

Resistance Stop Loss Level 1 2 5,279 5,288 5,176 24,325 24,750 22,900 3,660 3,690 3,525 1,005 1,015 970 4,640 4,675 4,495 1,060 1,070 1,025 7,925 7,975 7,600 600 605 570 13,325 13,400 12,850 6,275 6,350 6,000 11,950 12,050 11,375 1,020 1,035 970 5,100 5,325 4,380 11,175 11,275 10,700 1,880 1,910 1,745 2,005 2,040 1,885 4,005 4,015 3,905 1,440 1,445 1,395 4,950 4,980 4,785 57,475 57,900 55,750 1,675 1,685 1,620 14,875 15,175 13,975 3,600 3,630 3,475 7,500 7,575 7,200 23,125 23,225 22,425 15,500 15,650 14,775 7,150 7,175 6,875 1,870 1,890 1,800 1,100 1,115 1,045 15,725 16,000 14,675 1,860 1,880 1,775 2,920 2,960 2,690 5,250 5,275 5,100 11,575 11,750 10,925 3,815 3,835 3,670 491 493 476 3,590 3,630 3,415 14,550 14,600 14,150 1,640 1,670 1,520 1,065 1,090 975 9,725 9,900 9,100 2,860 2,870 2,770 18,300 18,400 17,675 35,750 35,950 34,475 3,685 3,725 3,520 1,660 1,680 1,575

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

OSO SECURITIES



Economic Calendar Date 26-Jan-15 26-Jan-15 26-Jan-15 26-Jan-15 26-Jan-15 26-Jan-15 26-Jan-15 26-Jan-15 26-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 27-Jan-15 28-Jan-15 28-Jan-15 28-Jan-15 28-Jan-15 28-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 29-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15 30-Jan-15

Agenda Japan Balance of Trade Japan Exports YoY Japan Imports YoY Japan BoJ Monetary Policy Meeting Minutes Spanyol PPI YoY Germany IFO Business Climate Germany IFO Current Conditions Germany IFO Expectations US Dallas Fed Manufacturing Index UK GDP Growth Rate QoQ Prel UK GDP Growth Rate YoY Prel US Durable Goods Orders MoM US Durable Goods Orders Ex Transportation US S&P/Case-Shiller Home Price YoY US S&P/Case-Shiller Home Price MoM US Markit Composite PMI Flash US Markit Services PMI Flash US New Home Sales MoM US CB Consumer Confidence US New Home Sales US Richmond Fed Manufacturing Index Germany GFK Consumer Confidence Germany Import Prices MoM France Consumer Confidence US EIA Crude Oil Stocks Change US EIA Gasoline Stocks Change US Fed Interest Rate Decision Japan Foreign Bond Investment Japan Stock Investment by Foreigners Japan Retail Sales YoY UK Nationwide Housing Prices YoY UK Nationwide Housing Prices MoM Spanyol Retail Sales MoM Spanyol Retail Sales YoY Germany Unemployment Change Germany Unemployment Rate Harmonised Germany Unemployment Rate Euro Area Private Loans YoY Euro Area Money Supply M3 YoY Italy Business confidence Italy Consumer Confidence Euro Area Business Climate Indicator Euro Area Economic Sentiment Euro Area Consumer Confidence Final Euro Area Industrial Sentiment Germany Inflation Rate YoY Prel Germany Inflation Rate MoM Prel US Continuing Jobless Claims US Initial Jobless Claims US Pending Home Sales MoM US Pending Home Sales YoY US EIA Natural Gas Stocks Change Japan Core Inflation Rate YoY Japan Household Spending YoY Japan Tokyo Core CPI YoY Japan Tokyo CPI YoY Japan Inflation Rate Ex-Food and Energy YoY Japan Inflation Rate YoY Japan Inflation Rate MoM Japan Unemployment Rate Japan Industrial Production YoY Prel Japan Industrial Production MoM Prel

Sumber :Trading economic & Bloomberg

Country JPY JPY JPY JPY EUR EUR EUR EUR USD GBP GBP USD USD USD USD USD USD USD USD USD USD EUR EUR EUR USD USD USD JPY JPY JPY GBP GBP EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR USD USD USD USD USD JPY JPY JPY JPY JPY JPY JPY JPY JPY JPY

Actual ¥ -660.7B 12.90% 1.90%

Prior ¥-892B 4.90% -1.70%

-3.70% 106.7 111.7 102 -4.4 0.50% 2.70% -3.40% -0.80% 4.30% -0.20% 54.2 54 11.60% 102.9 481K 6 9.3 -1.70% 90 8.874M -2587K 0.25% ¥45.6B

-1.50% 105.5 110 101.3 (R) 3.5 (R) 0.70% 2.60% -2.1% (R) -1.3% (R) 4.50% -0.10% 53.5 53.3 -6.7% (R) 93.1 (R) 431K (R) 7 9 -0.80% 90 10.07M 0.588M 0.25% ¥-397.2B ¥-577.4B 0.40% 7.20% 0.20% 1.80% 1.90% -27K 5.00% 6.50% -0.90% 3.10% 97.5 99.7 0.04 100.7 -10.9 -5.2 0.20% 0.00% 2443K 307K 0.80% 4.10% -216Bcf 2.70% -2.50% 2.30% 2.10% 2.10% 2.40% -0.40% 3.50% -3.70% -0.50%

¥466.9B

0.20%

Concensus ¥ -740.3B 11.00% 2.30%

106.3 110.7 102.5 0.60% 2.80% 0.50% 0.60% 4.30% -0.20% 53.8 95 450K 9.1 -1.50% 91

0.90% 6.60% 0.30%

-13.0K 6.50%

97.9 99.7 0.1 101.5 -9.5 -4.7

301K 0.50%

2.60% -2.50% 2.20%

3.50% 1.30%



RUPS Code DAJK CMNP SIPD JTPE APII ACST DNET BULL AKKU RMBA ASRI ITMA BDMN BKSW MYOH MREI APEX CPGT HADE WSKT

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

Date 29-Jan-15 30-Jan-15 31-Jan-15 04-Feb-15 06-Feb-15 09-Feb-15 17-Feb-15 20-Feb-15 20-Feb-15 24-Feb-15 25-Feb-15 25-Feb-15 27-Feb-15 27-Feb-15 27-Feb-15 03-Mar-15 06-Mar-15 06-Mar-15 10-Mar-15 10-Mar-15

Time Place 14.00 Plant 1 PT Dwi Aneka Jaya Kemasindo Tbk Jl. Industri Raya II/5, Kel. Pasir Jaya Jatiuwung Tangerang 14.30 10.00 9.00 14.00 14.00 10.00

Puri Ratna 2nd Floor , Grand Sahid Jaya Hotel Jl. Jend. Sudirman Kav. 86, Jakarta Pusat Ruang Saturnus III, The Sun Hotel Jl. Pahlawan No. 01 Sidoarjo Hotel Sunlake, Ruang Matahari 2, Lantai 2 Jl. Danau Permai Raya blok C1 Sunter, Jakarta Utara 14350 Graha CIMB Niaga, Financial Club Lantai 28 Jl. Jend. Sudirman Kav. 58 Jakarta 12190 Wisma Indocement Lantai 21 Jl. Jend. Sudirman kav. 70 - 71 Jakarta 12910 Sampoerna Strategic Square, North Tower Ruang Anggrek 1, lantai 3A Jl. Jenderal Sudirman Kav. 45-46 Jakarta 1

Financial Club Jakarta Graha CIMB Niaga, Lantai 27 Jl. Jenderal Sudirman Kav. 58 Jakarta Selatan 10.00 Hotel Mercure, Alam Sutera Serpong-Tangerang 10.00 WTC II, lantai 18 Jl. Jend. Sudirman Kav. 29-31 Jakarta Selatan 9.00 Sasono Mulyo Ballroom 1 dan 2 Le Meridien Hote Jl. Jenderal Sudirman Kav. 18-20 Jakarta 10220

10.00 Batur Room, Mercantile Athletic Club, Batur Room, Mercantile Athletic Club, Jl. Jend. Sudirman Kav. 31 Jakarta 1 10.00 Ruang Serba Guna PT Apexindo Pratama Duta Tbk Gedung Office 8 Lantai 20, SCBD Lot 28 Jl. Jend. Sudirman kav 10.00 Hotel Melawai I, Lantai 9, Ruang Mawar A JL. Melawai Raya No.18-20, Jakarta Selatan 10.00 Ruang Serbaguna Gedung Waskita Lantai 11 Jl. MT. Haryono Kav. No. 10 Cawang Jakarta Timur

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 29 Januari 2015 JCI 5, %

Recommend Documents