Monday, January 30, 2017 ID X Statistics
C lo sing
JCI
5,312.84
Transaction Value Regular M arket (IDR tn)
4.291
Transaction Volume Regular M arket (mn shares)
14,717
Foreign Net Buy (Sell) (IDR bn)
379.91
Foreign Net Buy (Sell)
(0.06)
Total M arket Capitalization (IDR tn)
IHSG turun sebanyak 4.8 poin (0.09%) ke level 5312.84. Sementara LQ45 turun sebanyak 2.6 poin (0.29%) ke level 886.62. Foreign net buy sebesar Rp 379.91 miliar.
Other Indices
C lo sing
IHSG diprediksi akan bergerak mixed dengan kecenderungan melemah menjelang musim pengumuman laporan kinerja keuangan kuartal-4 2016. Mendekati Pilkada 15 Februari in mengingat investor asing masih terus melakukan profit-taking, kita merekomendasi investor untuk bersifat defensif dan menerapkan strategi taktikal BUY ON WEAKNESS terutama terhadap saham-saham bluechip yang terkoreksi dalam. Selanjutnya, kebijakan Trump yang nasionalis dan juga proteksionisme juga berpotensi menyumbang sentimen negatif terhadap pasar global. Pasar juga akan mencermati data domestik seperti inflasi, pertumbuhan kredit dan PMI yang akan dirilis minggu ini, dan data ekonomi external seperti keputusan kebijakan moneter the Fed Rabu ini dan laju pertumbuhan ekonomi di EU besok. Secara teknikal indeks hari Senin (30/1), IHSG diprediksi bergerak di kisaran 5286-5335.
(0.29)
11.94
EIDO
24.43
0.12
17.06
IDX
0.37
17.87
20,093.78
21.70
(0.04)
15.32
S&P 500
2,294.69
(0.09)
12.27
NASDAQ
5,660.78
0.10
13.05
FTSE
7,184.49
0.32
15.09
NIKKEI
19,467.40
0.34
2.28
HANG SENG
23,360.78
(0.06)
6.60
STRAITS TIM ES
3,064.85
0.43
6.32
KLSE
1,686.36
(0.35)
(0.36)
C urrency Spo t R ate
R ate (ID R )
YT D C hg (%)
13,344.00
(0.22)
EUR/IDR
14,306.29
0.21
(1.10)
JPY/IDR
116.50
0.15
(1.25)
SGD/IDR
9,361.72
(0.03)
(0.53)
AUD/IDR
10,089.93
0.47
(3.51)
GBP/IDR
16,793.74
(0.46)
(1.56)
C o mmo dities
Last T ransactio n
P rice
YT D C hg (%)
53.00
Coal (USD/mn tons)
72.10
1/27/2017
(13.13)
3.33
8:28:12 AM
(10.63)
1,195.14
8:38:37 AM
4.15
9,530.00
8:34:34 AM
(4.89)
19,935.00
1/27/2017
(5.63)
Tins (USD/mn tons) CPO (M YR/mn tons)
8:28:14 AM
1.00
Crude Oil (USD/barrel)
Nickel (USD/mn tons)
www.sinarmassekuritas.co.id
1-D ay C hg (%)
USD/IDR
Gold (USD/ounce)
BoW: ASII
YT D C hg (%)
886.62
Natural Gas (USD/mmBtu)
Top Buy: BBNI. BBCA, BWPT
1-D ay C hg (%)
LQ45
DOW JONES
Today’s Market:
5,798.82
(1.34)
3,243.00
1/27/2017
0.78
Rubber (JPY/kg)
366.90
8:27:32 AM
40.04
Wheat (USD/bushel)
418.00
8:28:36 AM
2.45
Corn (USD/bushel)
361.75
8:26:35 AM
2.77
Source: Bloomberg, Sinarmas Investment Research
See important disclaimer at the end of this report
1
Daily Corporate and Industry News
Harga Surat Utang Negara (SUN) pekan ini diperkirakan masih akan bergerak terbatas, seiring minimnya sentimen global. Pergerakan imbal hasil (yield) diprediksi pada rentang 2-10 basis poin (bps) atau sekitar 6,108,65%. Source: Investor Daily Pemerintah berharap aturan pajak e-commerce tuntas sebelum akhir semester pertama 2017. Dirjen Perdagangan mengatakan nantinya tidak hanya perusahaan pemilik platform e-commerce yang akan kena pajak, namun semua pelaku yang terlibat dalam kegiatan bisnis digital. Source: Kontan Meski Peraturan Menteri Kementerian Energi dan Sumber Daya Mineral (ESDM) tentang penurunan harga gas untuk tiga sektor industri seperti baja, pupuk, dan petrokimia sudah berlaku sejak 1 Januari 2017 lalu, realisasinya tak kunjung terlaksana. Padahal tiga sektor industri penerima diskon gas sudah menanti. Source: Kontan
Badan Pengelola Dana Perkebunan Kelapa Sawit menyatakan bahwa pengenaan bea keluar (BK) sebesar US$ 18 per metrik ton (MT) tidak akan mengganggu kinerja ekspor minyak sawit nasional. Dampak kebijakan itu hanya bersifat jangka pendek. Pemerintah mengenakan BK atas ekspor minyak sawit mentah US$ 18 per MT untuk periode Februari 2017. Source: Investor Daily Perusahaan hilirisasi Kelapa Sawit asal Jepang bermitra dengan perusahaan Indonesia berencana mengivestasikan US$ 90 juta atau setara Rp 1,2 triliun untuk mendirikan pabrik fatty acid, yang berlokasi di Dumai, Riau. Investor Jepang tersebut adalah produsen produk konsumer yang telah mengumumkan pembentukan joint venture dengan badan usaha swasta nasional. Source: Investor Daily
Industri kemasan nasional menargetkan pertumbuhan omzet 8% menjadi Rp 85 triliun tahun ini. Pertumbuhan itu akan ditopang geliat industri makanan dan minuman (mamin) olahan selaku penyerap kemasan terbesar. Source: Investor Daily Produksi baja China pada 2016 tidak menunjukkan pengurangan sama sekali, bahkan naik 1,2%. Kondisi ini membuat pelaku industri khawatir baja murah makin marak di dalam negeri. Source: Investor Daily
Data Nielsen Indonesia menunjukkan volume penjualan produk konsumer naik 9,9% pada Januari-November 2016 dibandingkan dengan periode yang sama sebelumnya. Volume penjualan biskuit masih tumbuh pesat di saat volume penjualan makanan kering menurun 1%. Source: Bisnis Indonesia Toyota Indonesia menargetkan ekspor mobil dalam bentuk utuh naik 10% menjadi 185 ribu unit pada 2017, dibandingkan tahun lalu 169 ribu unit. Kenaikan itu ditopang pembukaan pasar baru dan penambahan model baru di sejumlah pasar lama. Source: Investor Daily
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
2
Daily Corporate and Industry News
Operator jalan tol memasang target pertumbuhan volume kendaraan yang moderat sebesar 5% hingga 7% pada tahun ini. Iklim politik yang terkendali menjadi salah satu faktor penentu pertumbuhan volume kendaraan di jalan tol. Source: Bisnis Indonesia Terganggunya pasokan tembaga dari Indonesia dan Cile sukses menguatkan kembali harga komoditas tersebut. Mengutip Bloomberg, Jumat (27/1), harga tembaga kontrak pengiriman tiga bulan di London Metal Exchange ditutup menguat 0,72% menjadi US$ 5.899 per metrik ton. Bahkan dalam sepekan, harganya melesat 2,63%. Source: Kontan
PT Freeport Indonesia berharap segera mendapatkan izin ekspor mineral hasil pengolahan agar dapat menjual konsentrat tembaganya. Pasalnya, kegiatan bisa terganggu bila hingga Maret nanti izin ekspor tersebut belum juga terbit. Source: Investor Daily Bank Central Asia (BBCA) resmi mendirikan perusahaan modal ventura dengan modal disetor sebesar Rp 200 miliar. Saat ini, kepemilikan BCA terhadap PT Central Capital Ventura tersebut mencapai 100%. Source: Investor Daily
Adaro Energy (ADRO) berencana memutar haluan bisnis. Tadinya emiten yang di Bursa Efek Indonesia berkode ADRO ini merupakan perusahaan pertambangan batubara, kini ADRO akan mengubah fokus bisnisnya ke independent power producer (IPP) atau perusahaan listrik swasta. Source: Kontan
Pembangunan Perumahan (PTPP) mengantongi kontrak baru senilai Rp 4,3 triliun sepanjang Januari tahun ini. Perolehan kontrak tersebut melonjak 291% dibandingkan periode sama tahun lalu yang senilai Rp 1,1 triliun. Source: Bisnis Indonesia, Investor Daily Bumi Serpong Damai (BSDE), pengembang properti dengan kapitalisasi pasar terbesar di Indonesia, membukukan penjualan pemasaran unit properti senilai Rp 6,3 triliun sepanjang 2016. Hal itu ditopang oleh kuatnya penjualan produk residensial dan penjualan tanah. Source: Bisnis Indonesia, Investor Daily PP Properti (PPRO) berencana menerbitkan surat utang maksimal senilai Rp 1,2 triliun pada kuartal III atau IV-2017. Surat utang tersebut terdiri atas obligasi dan surat utang jangka menengah. Source: Investor Daily
Total Bangun Persada (TOTL) menargetkan perolehan kontrak baru tahun ini sebesar Rp 4 triliun, meningkat sekitar 33,3% dibandingkan target tahun lalu sebesar Rp 3 triliun. Pada 2017 perseroan masih fokus pada kontrak pembangunan high rise premium. Source: Investor Daily
Rimo International Lestari (RIMO) melakukan penjadwalan ulang rapat umum pemegang saham luar biasa (RUPSLB) terkait rencana penawaran umum terbatas (PUT) I kepada pemegang saham dengan memberikan efek terlebih dahulu (HMETD) atau right issue. Source: Bisnis Indonesia
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
3
Daily Corporate and Industry News
Toba Bara Sejahtera (TOBA) telah resmi kepemilikan mayoritas berpindah tangan usai perusahaan asal Singapura Highland Strategic Holdings Pte Ltd mengeksekusi pembelian 61,79% saham dari PT Toba Sejahtera. Source: Bisnis Indonesia
Lautan Luas (LTLS) tahun ini akan agresif melakukan ekspansi. Emiten manufaktur dan distribusi produk kimia dasar tersebut akan mendirikan perusahaan patungan, memperluas pasar dalam negeri dan memperdalam penetrasi ekspor. Source: Bisnis Indonesia Wahana Ottomitra Multiartha (WOMF) akan memacu pembiayaan multiguna untuk mencapai target pembiayaan sepanjang 2017 sebesar Rp 6,5 triliun. Source: Bisnis Indonesia
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
4
World Equity Indices NO
IN D IC E S
A m e ric a
5 2 - WE E K H IG H
C H A N GE YT D
LO W
1
DOW JONES INDUS. A VG
2
S&P 500 INDEX
3
NA SDA Q COM P OSITE INDEX
5,669.61
4
S&P /TSX COM P OSITE INDEX
15,674.30
5
M EXICO IP C INDEX
48,956.06
41,757.40
P O IN T
%
P E R ( x) 2 0 15
P B V ( x)
2 0 16 E
2 0 15
M A R KE T C A P ( B n)
2 0 16 E
D o m a in C urre nc y
US D
20,125.58
15,503.01
2,668.75
15.32
15.97
16.83
2.99
2.94
5,722.17
5,722.17
2,300.99
1,810.10
250.75
12.27
18.78
17.68
2.77
2.72
20,494.75
20,494.75
4,209.76
653.37
13.05
29.72
21.40
3.61
3.63
8,800.48
8,800.48
11,985.68
2,565.86
19.72
21.27
17.03
1.63
1.58
2,282.12
1,737.43
4,443.62
10.34
30.51
17.19
2.57
2.61
5,410.03
258.19
E uro pe 6
Euro Sto xx 50 P r
3,342.47
2,672.73
35.81
1.10
21.56
14.21
1.50
1.50
2,736.57
2,923.47
7
FTSE 100 INDEX
7,354.14
5,499.51
942.17
15.09
34.32
14.59
1.81
1.83
1,941.17
2,433.84
8
CA C 40 INDEX
4,929.60
3,892.46
202.92
4.38
23.87
14.35
1.44
1.44
1,358.34
1,451.11
9
DA X INDEX
11,893.08
8,699.29
1,071.26
9.97
20.68
13.81
1.70
1.71
1,123.09
1,199.79
10
IB EX 35 INDEX
9,623.50
7,579.80
(40.10)
(0.42)
23.08
13.91
1.38
1.40
588.68
628.89
11
FTSE M IB INDEX
19,810.77
15,017.42
(2,089.11)
(9.75)
361.87
13.21
1.10
1.10
433.02
462.59
12
A EX-Index
489.91
378.53
44.05
9.97
26.94
15.69
1.60
1.60
580.27
619.90
13
SWISS M A RKET INDEX
8,475.15
7,425.05
(438.52)
(4.97)
18.25
16.70
2.59
2.59
1,063.32
1,063.42
A s ia / P a c if ic 14
S&P /A SX 200 INDEX
5,827.50
4,706.70
418.09
7.89
22.83
16.08
1.85
1.85
1,641.33
1,238.55
15
A LL ORDINA RIES INDX
5,876.80
4,762.10
420.96
7.88
28.03
16.25
1.82
1.82
1,779.67
1,342.94
16
CSI 300 INDEX
3,583.72
2,821.22
(343.04)
(9.19)
15.77
12.84
2.05
1.93
24,018.76
3,478.91
17
SHA NGHA I SE A SHA RE INDX
3,456.92
2,760.92
(396.23)
(10.70)
18.80
13.40
1.99
1.91
29,200.92
4,229.50
18
SHENZHEN SE A SHA RE INDX
2,243.11
1,691.41
(409.90)
(16.97)
52.98
22.83
4.72
3.60
22,227.85
3,219.51
19
HA NG SENG INDEX
24,364.00
18,278.80
1,446.38
6.60
10.69
11.72
1.17
1.17
14,749.47
1,901.12
20
HA NG SENG CHINA ENT INDX
10,209.72
7,498.81
143.02
1.48
7.25
7.98
0.95
0.90
4,342.14
559.68
21
S&P B SE SENSEX INDEX
29,077.28
22,494.61
1,764.92
6.76
19.28
18.82
2.81
2.82
47,657.20
699.56
22
Nifty 50
8,968.70
6,825.80
694.90
8.74
20.73
19.13
2.67
2.73
59,958.48
880.13
23
JA KA RTA COM P OSITE INDEX
5,491.70
4,545.14
719.83
15.67
26.88
14.86
2.35
2.12
5,798,817.79
433.20
24
JA KA RTA LQ-45 INDEX
948.74
783.54
94.59
11.94
17.13
16.84
2.85
2.57
3,815,436.29
285.03
25
KA RA CHI 100 INDEX
50,886.80
30,275.61
17,147.46
52.25
9.01
11.05
1.59
1.58
8,610.57
82.12
26
NIKKEI 225
19,615.40
14,864.01
433.69
2.28
20.15
19.28
1.70
1.71
350,204.70
3,039.44
27
NIKKEI 300 INDEX
313.04
239.50
(0.87)
(0.28)
16.69
15.39
1.36
1.36
396,801.50
3,443.86
28
TOP IX INDEX (TOKYO)
1,558.75
1,192.80
1.95
0.13
16.60
16.00
1.31
1.32
580,790.59
5,040.71
29
FTSE B ursa M alaysia KLCI
1,729.13
1,611.88
(6.15)
(0.36)
17.98
15.93
1.78
1.77
1,020.32
230.19
30
S&P NZX A ll Index
1,427.66
1,139.58
111.85
9.19
19.80
19.75
1.88
1.94
112.02
81.27
31
P SEi - P HILIP P INE SE IDX
8,118.44
6,499.00
381.59
5.49
20.04
17.50
2.47
2.44
8,833.55
177.51
32
Straits Times Index STI
3,065.13
2,528.44
182.12
6.32
13.26
14.17
1.14
1.18
491.27
343.57
33
KOSP I INDEX
2,091.02
1,817.97
122.28
6.23
14.72
9.79
0.94
0.97
1,296,410.88
1,098.06
34
TA IWA N TA IEX INDEX
9,468.34
7,799.58
1,109.89
13.31
13.82
1.44
1.37
27,799.25
880.84
35
STOCK EXCH OF THA I INDEX
1,600.79
1,270.84
302.78
23.51
21.95
1.71
1.63
15,645.15
443.26
36
THA I SET 50 INDEX
1,004.03
798.90
182.55
22.44
19.86
14.82
1.77
1.68
9,822.02
278.28
37
HO CHI M INH STOCK INDEX
697.28
530.23
118.25
20.42
12.53
14.38
1.72
1.65
1,597,371.52
70.70
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
5
LQ45 L Q 4 5 In d e x
2 7 -J an -1 7
H IG H
LOW
P O IN T
1 5 ,8 0 0
1 8 ,6 2 8
1 3 ,1 2 6
2015
2016E
2015
2016E
M A R K ET C A P (B n )
1
AAL I IJ
2
AD H I IJ
2 ,1 0 0
2 ,9 1 0
1 ,8 3 0
3
AD R O IJ
1 ,7 2 5
1 ,7 7 0
500
4
AK R A IJ
6 ,7 0 0
8 ,4 5 0
5 ,4 0 0
5
AN TM IJ
805
1 ,0 0 5
328
491
1 5 6 .3 7
6
ASII IJ
8 ,1 0 0
8 ,8 7 5
6 ,0 0 0
2 ,1 0 0
3 5 .0 0
1 6 .7 8
7
ASR I IJ
388
585
322
45
1 3 .1 2
1 2 .0 8
8
B B C A IJ
1 5 ,4 0 0
1 6 ,2 0 0
1 2 ,6 2 5
2 ,1 0 0
1 5 .7 9
9
B B N I IJ
5 ,7 5 0
5 ,9 7 5
4 ,2 7 0
760
1 5 .2 3
10
B B R I IJ
1 1 ,7 2 5
1 2 ,9 7 5
9 ,5 2 5
300
2 .6 3
11
B B TN IJ
1 ,9 2 5
2 ,1 0 0
1 ,3 5 0
630
4 8 .6 5
12
B M R I IJ
1 0 ,9 7 5
1 1 ,9 5 0
8 ,6 5 0
1 ,7 2 5
1 8 .6 5
13
B U M I IJ
505
505
50
455
9 1 0 .0 0
-
-
1 8 , 4 9 6 .6 5
14
B SD E IJ
1 ,8 6 0
2 ,3 8 0
1 ,5 5 0
60
3 .3 3
1 5 .9 2
1 7 .2 1
1 .8 4
1 .6 8
3 5 , 7 9 8 .8 5
15
C P IN IJ
3 ,1 6 0
4 ,0 2 0
2 ,8 5 0
560
2 1 .5 4
2 3 .2 6
1 6 .9 7
3 .4 0
3 .5 2
5 1 , 8 1 7 .6 8
16
EL S A I J
442
620
191
195
7 8 .9 5
4 .8 1
7 .0 4
0 .6 9
1 .0 9
3 , 2 2 5 .9 4
17
G G R M IJ
6 2 ,8 0 0
7 7 ,9 5 0
5 6 ,3 0 0
7 ,8 0 0
1 4 .1 8
1 6 .4 4
1 8 .1 2
2 .7 9
3 .0 1
1 2 0 , 8 3 2 .7 3
18
H M SP IJ
3 ,9 2 0
4 ,4 8 5
3 ,5 6 0
160
4 .2 6
3 2 .3 0
3 8 .3 5
1 3 .6 6
1 3 .4 2
4 5 5 , 9 6 6 .8 6
19
IC B P IJ
8 ,5 5 0
1 0 ,2 7 5
7 ,0 6 3
1 ,8 1 2
2 6 .8 9
2 6 .1 9
2 7 .5 8
5 .0 8
5 .6 9
9 9 , 7 0 9 .3 1
20
IN C O IJ
2 ,3 4 0
3 ,6 3 0
1 ,3 7 5
705
4 3 .1 2
2 1 .2 1
5 8 .2 7
0 .6 4
0 .9 3
2 3 , 2 5 1 .0 3
21
IN D F IJ
8 ,0 0 0
9 ,2 0 0
6 ,0 5 0
2 ,8 2 5
5 4 .5 9
1 7 .6 6
1 7 .4 9
1 .6 7
2 .3 6
7 0 , 2 4 3 .4 1
22
IN TP IJ
1 5 ,9 0 0
2 0 ,8 5 0
1 4 ,2 7 5
(6 , 4 2 5 )
(2 8 .7 8 )
1 8 .8 6
1 4 .2 6
3 .4 4
2 .2 3
5 8 , 5 3 1 .5 8
23
J SM R IJ
4 ,2 2 0
6 ,2 3 5
3 ,9 0 0
(9 9 3 )
(1 9 .0 5 )
2 3 .5 9
1 6 .4 3
3 .4 1
2 .3 5
3 0 , 6 2 8 .2 2
24
K L B F IJ
1 ,4 8 0
1 ,8 1 5
1 ,2 5 0
160
1 2 .1 2
3 1 .0 7
3 0 .3 8
5 .9 1
5 .8 6
6 9 , 3 7 5 .1 8
25
L P K R IJ
720
1 ,2 1 5
690
(3 1 5 )
(3 0 .4 3 )
4 4 .0 2
1 5 .4 9
1 .4 4
0 .9 5
1 6 , 6 1 5 .9 4
26
L P P F IJ
1 4 ,9 5 0
2 2 ,5 7 5
1 3 ,3 2 5
(2 , 6 5 0 )
(1 5 .0 6 )
2 8 .8 5
2 0 .3 3
4 6 .4 3
2 2 .3 5
4 3 , 6 2 2 .8 8
27
L SIP IJ
1 ,6 0 0
1 ,9 0 5
1 ,3 3 0
280
2 1 .2 1
1 4 .5 1
2 1 .3 1
1 .2 3
1 .4 4
1 0 , 9 1 6 .5 8
28
M N C N IJ
1 ,7 3 0
2 ,4 1 5
1 ,1 9 0
(1 2 5 )
(6 .7 4 )
2 1 .9 0
1 4 .7 5
2 .8 9
2 .4 7
2 4 , 6 9 7 .6 6
29
EX C L I J
2 ,8 7 0
4 ,2 1 7
2 ,0 3 0
(7 3 0 )
(2 0 .2 8 )
2 .2 1
1 .4 3
3 0 , 6 7 4 .4 5
30
M YR X IJ
156
192
130
29
2 2 .8 3
1 1 1 .7 0
4 2 .1 1
1 .7 8
2 .2 6
1 2 , 2 8 0 .2 0
31
P G AS IJ
2 ,8 0 0
3 ,5 2 0
2 ,1 7 0
55
2 .0 0
1 1 .9 6
1 2 .3 0
1 .5 9
1 .5 9
6 7 , 8 7 6 .2 2
32
P TB A IJ
1 0 ,8 2 5
1 3 ,7 7 5
4 ,2 9 5
6 ,3 0 0
1 3 9 .2 3
33
P TP P IJ
3 ,4 5 0
4 ,6 1 0
3 ,1 3 7
34
P W O N IJ
570
765
435
35
SC M A IJ
2 ,9 0 0
3 ,5 5 0
2 ,1 3 0
36
P P R O IJ
1 ,2 6 0
1 ,4 9 0
181
-
-
1 7 , 6 9 5 .9 5
37
SM G R IJ
9 ,2 2 5
1 1 ,8 7 5
8 ,0 5 0
(2 , 1 7 5 )
(1 9 .0 8 )
1 4 .9 5
1 3 .4 5
2 .5 6
1 .9 2
5 4 , 7 1 8 .2 7
38
SM R A IJ
1 ,3 6 5
1 ,9 7 0
1 ,2 2 5
(2 8 5 )
(1 7 .2 7 )
2 7 .9 0
5 5 .9 4
3 .9 6
3 .1 0
1 9 , 6 9 2 .5 6
39
SR IL IJ
238
328
204
(1 5 1 )
(3 8 .8 2 )
9 .4 6
8 .8 9
1 .8 9
1 .2 7
4 , 4 2 5 .1 1
40
SSM S IJ
1 ,6 3 0
2 ,0 7 5
1 ,3 0 0
(3 2 0 )
(1 6 .4 1 )
3 3 .1 1
2 6 .2 5
6 .1 2
4 .4 7
1 5 , 5 2 5 .7 5
41
TL K M IJ
3 ,8 9 0
4 ,5 7 0
3 ,1 2 6
799
2 5 .8 5
1 9 .5 9
1 9 .4 2
4 .0 4
4 .4 8
3 9 2 , 1 1 1 .9 9
42
U N TR IJ
2 2 ,6 0 0
2 3 ,9 7 5
1 2 ,5 5 0
5 ,6 5 0
3 3 .3 3
1 6 .4 0
1 8 .2 7
1 .6 7
2 .1 1
8 4 , 3 0 1 .0 5
43
U N V R IJ
4 1 ,7 0 0
4 7 ,8 0 0
3 6 ,0 5 0
4 ,7 0 0
1 2 .7 0
4 8 .2 6
4 9 .2 1
5 8 .4 8
6 0 .1 3
3 1 8 , 1 7 1 .0 0
44
W IK A IJ
2 ,4 6 0
3 ,1 3 9
2 ,0 3 7
15
0 .6 1
2 5 .7 6
2 3 .3 2
3 .7 1
1 .8 6
2 2 , 0 6 6 .0 8
W SK T IJ
2 ,5 7 0
2 ,8 6 0
1 ,7 2 5
900
5 3 .8 9
1 8 .8 9
2 1 .0 1
2 .3 7
2 .4 8
3 4 , 8 8 4 .4 3
45
697
%
(4 0 ) 1 ,2 1 0 (4 7 5 )
(2 3 3 ) 74 (2 0 0 ) 1 ,0 8 2
4 .6 1
4 0 .3 2
1 9 .8 2
2 .2 1
1 .8 4
(1 .8 7 )
1 4 .0 8
1 9 .7 3
1 .4 8
1 .3 1
7 , 4 7 7 .7 8
7 .7 9
1 6 .1 1
0 .4 1
1 .2 4
5 5 , 1 7 5 .7 8
2 7 .3 1
2 4 .2 7
4 .6 5
3 .9 1
2 6 , 7 4 4 .9 3
0 .4 1
1 .1 0
1 9 , 3 4 4 .7 7
2 0 .5 5
2 .3 8
2 .9 3
3 2 7 , 9 1 6 .7 8
8 .8 0
1 .0 4
1 .0 5
7 , 6 2 3 .9 7
1 8 .2 1
1 8 .9 9
3 .6 7
3 .4 6
3 7 9 , 6 8 7 .1 4
1 0 .2 6
8 .4 0
1 .2 1
1 .1 4
1 0 7 , 2 2 9 .7 7
1 1 .0 9
1 1 .3 9
2 .4 8
2 .0 6
2 8 9 , 2 4 5 .9 2
7 .4 0
8 .8 2
0 .9 9
1 .1 3
2 0 , 3 8 5 .7 5
1 0 .6 1
1 6 .2 1
1 .8 4
1 .7 1
2 5 6 , 0 8 3 .3 3
2 3 4 .9 5 (6 .6 2 )
(6 .3 3 ) 1 4 .9 2 (6 .4 5 ) 6 0 7 .8 7
-
-
-
-
-
-
3 0 , 4 1 0 .0 8
4 .8 2
1 4 .5 5
1 .0 4
2 .3 8
2 4 , 9 4 2 .2 3
2 5 .4 0
1 8 .6 9
4 .2 8
2 .3 9
2 1 , 3 9 9 .8 3
1 8 .9 3
1 5 .2 5
3 .3 1
3 .0 9
2 7 , 4 5 0 .9 7
2 9 .6 5
2 6 .5 6
1 4 .4 1
1 1 .7 1
4 2 , 4 0 2 .6 4
-
-
Source: Bloomberg, Sinarmas Investment Research
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See important disclaimer at the end of this report
6
Macro data S e c t o rs D e s c ript io n
1- D a y ( %)
5 - D a ys ( %)
1- M o nt h ( %)
Y T D ( %)
(0.57)
(0.65)
0.08
0.08
1.02
3.98
3.24
3.24
P ro perty B asic Industry Trade
0.12
1.23
0.89
0.89
Finance
0.46
0.64
(0.79)
(0.79)
M iscellaneo us Industry
0.23
0.95
(2.10)
(2.10)
Co nsumer
(0.89)
1.16
1.53
1.53
Infrastructure
(0.59)
1.68
(0.82)
(0.82)
A griculture
0.16
0.21
1.84
1.84
M ining
0.17
0.98
0.77
0.77
E c o no m ic Indic a t o rs E c o no m ic P a ra m e t e rs
D e c - 16
D e c - 16
Inflatio n YTD (in %)
3.02
6.48
Inflatio n Yo Y (in %)
3.02
3.58
Inflatio n M o M (in %) Fo reign Reserves (in USD bn)
0.42
0.47
116.36
111.47
GDP Gro wth Qo Q (in %)
3.20
GDP Gro wth Yo Y (in %)
5.02
5.19
F OR EX
S po t R a t e
1- D a y ( %)
1- M o nt h ( %)
Y T D ( %)
USD/IDR
13,340.00
0.15
1.00
1.00
USD/CNY
6.88
(0.01)
0.94
0.89
USD/EUR
0.93
(0.31)
(1.98)
(1.98)
USD/JP Y
114.43
0.59
2.21
2.21
USD/SGD
1.42
0.46
1.54
1.54
USD/A UD
1.32
(0.08)
(4.70)
(4.70)
USD/GB P
0.79
(0.30)
(1.95)
(1.95)
Le nding a nd D e po s it R a t e s
( in %)
JIB OR (in IDR)
7.30
LIB OR (in GB P )
0.77
SIB OR ( in USD)
1.46
Indo nesia 5-Year Go vernment B o nds Yield
7.23
Indo nesia 10-Year Go vernment B o nds Yield
7.62
Indo nesia 15-Year Go vernment B o nds Yield
7.94
Source: Bloomberg, Sinarmas Investment Research
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See important disclaimer at the end of this report
7
State Budget INDICATOR
2016
2017
APBNP
RAPBN
5,2%
5,3%
13500
13300
GDP Growth (%, YoY) Exchange rate (USD/IDR) Inflation (%, YoY)
4%
4%
3 Months SPN (%)
5,5%
5,3%
Indonesian Crude Oil (USD/barrel)
40
45
Oil Lifting ( thousands barrel/day)
820
780
Gas Lifting (thousands, BOE/day)
1.11
1.15
Total State Budget (in IDR trillion)
1786
1737
Upcoming IPO Company
Business
IPO Price (Rp)
Issued Shares (Mn)
Offering Date (2016)
Listing
Underwriter
Dividend Stock
DPS (Rp)
Status
Cum Date (2016)
Ex Date (2016)
Recording (2016)
Payment (2016)
Rights Issue Ticker
Ratio
Price (Rp)
Cum Date (2017)
EX Date(2017)
Trading (2017)
4
250
6/3/2017
7/3/2017
13/3/2017 - 17/3/2017
POOL
1
:
RIMO
597
:
5
101
6/3/2017
7/3/2017
13/3/2017 - 17/3/2017
BPFI
100
:
613
284
2/3/2017
3/3/2017
9/3/2017 - 15/3/2017
27/2/2017
28/2/2017
8/3/2017 - 14/3/2017
LEAD PSKT
3
:
5
100
9/2/2017
10/2/2017
16/2/2017 - 22/2/2017
BULL
1
:
1
100
6/1/2016
7/2/2017
13/2/2017 - 21/2/2017
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See important disclaimer at the end of this report
Picks of The Day
Monday, January 30, 2017
BBNI - Daily 1/27/2017 Open 5600, Hi 5800, Lo 5575, Clos e 5750 (2.7%) MA(Clos e,50) = 5,393.50 6,000 5,900 5,800 5,750 5,700 5,600 5,500 5,393.5 5,400 5,300 5,200 5,100 5,000 4,900 4,800 4,700 4,600 4,500 4,400 4,300 2016 Feb Mar Apr BBNI - MACD(12,26) = 49.60, Signal(12,26,9) = 40.25
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 200 100 49.5975 40.2477 0 -100
2016 Feb Mar Apr May BBNI - Stoch %K(15,3) = 65.53, Stoch %D(15,3,3) = 55.18
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 80 65.5303 55.1768 20
BBNI - RSI(15) = 64.59 70 64.5924
30 C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om
BBNI : Trading Buy
BBNI memiliki indikator Macd, Stoc osc dan Rsi yang mengindikasikan pola Uptrend. BBNI berhasil menembus Resistance pada level harga 5750 dan terbuka peluang untuk mencoba level Resistance pada level 5850 dalam jangka pendek. Trading Range : 5625 — 5950. Fundamental :
ASII - Daily 1/27/2017 4:14:20 PM Open 8100, Hi 8125, Lo 8025, Clos e 8100 (0.3%) MA(Clos e,50) = 7,876.50
9,000 8,800 8,600 8,400 8,200 8,100 8,000 7,876.5 7,800 7,600 7,400 7,200 7,000 6,800 6,600 6,400 6,200 6,000 5,800
2016
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 300 200 55.3134 100 51.2009 0 -100 -200
ASII - MACD(12,26) = 51.20, Signal(12,26,9) = 55.31
2016 Feb Mar Apr ASII - Stoch %K(15,3) = 51.28, Stoch %D(15,3,3) = 46.15
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 80 51.2821 46.1538 20
ASII - RSI(15) = 54.26
70 54.256
C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om
ASII : Buy on Weakness
ASII memiliki indikator Stoc osc , MACD dan Rsi yang mengindikasikan pola Uptrend. ASII belum berhasil menembus Resistance pada level 8150 dan terbuka peluang untuk mencoba level Resiatance pada level 8050 dalam jangka pendek, Trading range : 7950 — 8250. Fundamental :
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Picks of The Day BBCA - Daily 1/27/2017 4:13:53 PM Open 15150, Hi 15550, Lo 15150, Clos e 15400 (0.7%) MA(Clos e,50) = 14,938.50
16,000
15,500 15,400
15,000 14,938.5
14,500
14,000
13,500
13,000
2016 Feb Mar Apr BBCA - MACD(12,26) = 50.32, Signal(12,26,9) = 72.56
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 400 72.5609 200 50.3158 0 -200
2016 Feb Mar Apr May BBCA - Stoch %K(15,3) = 38.63, Stoch %D(15,3,3) = 19.97
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 80 38.6325 19.9674 20
BBCA - RSI(15) = 57.01 70 57.0139 30 C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om
BBCA : Trading Buy
BBCA memiliki indikator Macd, Stoc osc dan Rsi mengindikasikan pola Uptrend, BBCA berhasil menembus Resistance di level harga 15550 sehingga terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 15800. Trading Range : 15200 — 15950. Fundamental :
BWPT - Daily 1/27/2017 Open 338, Hi 346, Lo 332, Clos e 342 (1.8%) MA(Clos e,50) = 257.72 342
340
320
300 280
260 257.72 240
220 200
180 160
140
120 2016
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017
BWPT - MACD(12,26) = 20.34, Signal(12,26,9) = 17.41
20.3447 20 17.4056 10 0 -10 -20
2016 Feb Mar Apr May BWPT - Stoch %K(15,3) = 83.23, Stoch %D(15,3,3) = 77.34
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2017 83.2331 80 77.3434
20 BWPT - RSI(15) = 69.33 69.3308 70
30 C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om
BWPT : Trading Buy BWPT memiliki indikator Macd, Stoc osc dan Rsi mengindikasikan pola Uptrend, BWPT berhasil menembus Resistance di level harga 342 sehingga terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 348. Trading range : 334 — 354. Fundamental :
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Trading View These recommendations are based on technical indicators and are suitable for daily trading purposes. TICKER REC PRICE ENTRY EXIT S2 S1 AGRICULTURE AALI BoW 15,800 15,725 15,900 15,650 15,725 LSIP Sell 1,600 1,600 1,580 1,560 1,580 BWPT Buy 342 342 348 326 334 Finance BMRI BoW 10,975 10,900 11,025 10,750 10,900 BBRI BoW 11,725 11,650 11,750 11,575 11,650 BBCA Buy 15,400 15,400 15,600 14,950 15,200 BBNI Buy 5,750 5,750 5,850 5,500 5,625 BBTN Buy 1,925 1,925 1,935 1,895 1,910 BJTM BoW 620 610 630 595 610 BJBR BoW 2,300 2,280 2,340 2,250 2,280 CONSUMER GOODS INDF BoW 8,000 7,925 8,050 7,850 7,925 ICBP BoW 8,550 8,450 8,650 8,350 8,450 GGRM Sell 62,800 62,800 62,500 62,400 62,500 UNVR BoW 41,700 41,525 41,875 41,250 41,525 CPIN BoW 3,160 3,140 3,190 3,120 3,140 BASIC & MISC Industry ASII BoW 8,100 8,050 8,150 7,950 8,050 SMGR Buy 9,225 9,225 9,300 9,050 9,150 INTP Buy 15,900 15,900 16,000 15,500 15,700 SMCB BoW 900 885 910 870 885 INFRASTRUCTURE TLKM Sell 3,890 3,890 3,875 3,860 3,875 PGAS Buy 2,800 2,800 2,830 2,735 2,760 JSMR BoW 4,220 4,200 4,250 4,170 4,200 TBIG Sell 4,970 4,970 4,950 4,930 4,950 RETAIL MAPI BoW 5,275 5,200 5,350 5,150 5,200 RALS BoW 1,360 1,340 1,380 1,310 1,340 ACES BoW 745 735 755 720 735 MPPA BoW 1,235 1,210 1,260 1,185 1,210 MINING PTBA BoW 10,825 10,725 10,900 10,625 10,725 ADRO BoW 1,725 1,710 1,735 1,690 1,710 ITMG BoW 14,525 14,300 14,700 14,100 14,300 ANTM BoW 805 795 815 780 795 TINS BoW 985 975 1,010 960 975 UNTR Sell 22,600 22,600 22,300 21,900 22,300 PROPERTY & CONSTRUCTION ASRI BoW 388 384 394 380 384 LPKR BoW 720 710 730 690 710 CTRA BoW 1,315 1,300 1,330 1,290 1,300 APLN BoW 222 220 226 216 220 SMRA Sell 1,365 1,365 1,350 1,340 1,350 SSIA BoW 615 590 620 570 590 BSDE BoW 1,860 1,845 1,870 1,830 1,845 PTPP Sell 3,450 3,450 3,420 3,380 3,420 WSKT BoW 2,570 2,540 2,580 2,520 2,540 WIKA Sell 2,460 2,460 2,440 2,420 2,440 ADHI Sell 2,100 2,100 2,080 2,060 2,080
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R1 15,900 1,620 348
R2
EXPLANATION
1,600 Black spinning top 1,650 Macd : downtrend 354 White spinning top
11,025 11,750 15,600 5,850 1,935 630 2,340
11,175 11,850 15,800 5,950 1,945 640 2,360
Doji Rsi : neutral Macd : reversal White spinning top Rsi : uptrend Doji Doji
8,050 8,650 63,100 41,875 3,190
8,125 8,750 63,500 42,050 3,220
White spinning top White spinning top Macd : downtrend White spinning top Rsi : downtrend
8,150 9,300 16,000 910
8,250 9,450 16,125 920
Long legged doji Stoc osc : uptrend Three white candle Gravestone doji
3,915 2,830 4,250 4,990
3,940 2,860 4,300 5,050
Black spinning top Macd : golden cross Macd : uptrend Rsi : downtrend
5,350 1,380 755 1,260
5,450 1,430 770 1,285
Rsi : uptrend Macd : uptrend Doji Inverted Hammer
10,900 1,735 14,700 815 1,010 22,950
11,000 1,750 14,900 830 1,030 23,300
Macd : downtrend Rsi : downtrend White spinning top White spinning top Macd : downtrend Stoc osc : downtrend
394 730 1,330 226 1,380 620 1,870 3,470 2,580 2,490 2,120
400 745 1,350 230 1,410 645 1,885 3,510 2,620 2,530 2,140
Black spinning top Black spinning top Rsi : downtrend Stoc osc : downtrend Rsi : downtrend Rsi : neutral Rsi : downtrend Macd : downtrend Gravestone doji Rsi : downtrend Stoc osc : downtrend
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Equity Research Team EQUITY ANALYST
RESEARCH ASSOCIATE
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EQUITY ANALYST
RESEARCH ASSOCIATE
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Wilbert
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Eddy Wijaya
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This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judg-
ment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or
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