Friday, D ecember 30, 2016 IDX Statistics
Clo sing
JCI
5,302.57
Transaction Value Regular Market (IDR tn)
5.039
Transaction Volume Regular Market (mn shares)
5,586
Foreign Net Buy (Sell) (IDR bn)
(223.45)
Foreign Net Buy (Sell)
1.25
Total Market Capitalization (IDR tn)
Previous Day: IHSG naik sebanyak 93.1 poin (1.79%) ke level 5302.57. Sementara LQ45 naik sebanyak 20 poin (2.31%) ke level 887.55. Foreign net sell sebesar Rp 223.45 miliar.
Today’s Market: IHSG diperkirakan akan melanjutkan penguatan seiring dengan momentum window-dressing di akhir tahun Sahamsaham mid dan small-cap diperkirakan akan memimpin window-dressing hari ini setelah saham-saham bluechip mengalami penguatan signifikan beberapa hari ini. Kita merekomendasi untuk mengambil aksi profit-taking secara bertahap seperti ASII, TLKM, BMRI dan HMSP setelah kenaikkan yang spektakuler ini mengingat ketidakpastian di bulan Januari dan juga belum adanya katalis positif yang berarti. Secara teknikal indeks hari Kamis (17/11), IHSG diprediksi bergerak di kisaran 5271-5382.
Other Indices
5,758.65
Clo sing
1-Day Chg (%)
YT D Chg (%)
LQ45
887.55
2.31
12.06
EIDO
24.45
3.69
17.15
IDX
21.49
3.37
16.73
DOW JONES
19,819.78
(0.07)
13.74
S&P 500
2,249.26
(0.03)
10.05
NASDAQ
5,432.09
(0.12)
8.48
FTSE
7,120.26
0.20
14.06
NIKKEI
19,145.14
(1.32)
0.59
HANG SENG
21,790.91
0.17
(0.56)
STRAITS TIMES
2,889.15
(0.32)
0.22
KLSE
1,637.93
0.47
(3.22)
Currency Spo t Rate
Rate (IDR)
1-Day Chg (%)
USD/IDR
13,452.00
EUR/IDR
14,210.69
1.23
6.29
JPY/IDR
115.81
0.54
(0.86)
SGD/IDR
9,319.64
0.38
5.08
AUD/IDR
9,748.01
0.75
3.71
GBP/IDR
16,537.22
0.44
23.94
Co mmo dities
Last T ransactio n
P rice
Crude Oil (USD/barrel)
53.92
Coal (USD/mn tons) Natural Gas (USD/mmBtu) Gold (USD/ounce)
(0.09)
YT D Chg (%) 2.62
YT D Chg (%)
8:17:25 AM
45.55
81.90
12/29/2016
72.42
3.81
8:16:55 AM
63.07
1,162.37
8:27:25 AM
9.54
Nickel (USD/mn tons)
10,160.00
8:27:25 AM
15.19
Tins (USD/mn tons)
21,080.00
8:24:47 AM
44.83
CPO (MYR/mn tons)
3,196.00
12/29/2016
33.28
Rubber (JPY/kg)
262.00
7:01:30 AM
77.87
Wheat (USD/bushel)
406.25
8:17:24 AM
(13.56)
Corn (USD/bushel)
349.50
8:16:11AM
(2.58)
Top Buy: PTPP, ASII, TLKM
BoW: BBRI
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
Source: Bloomberg, Sinarmas Investment Research
1
Daily Corporate and Industry News
Ditengah gempuran berbagai sentiment negatif, baik eksternal maupun internal, ekonomi masih tetap bertenaga di saat beberapa mitra dagang Indonesia melambat. Pertumbuhan ekonomi kuartal III/2016 tercatat 5,02% (year on year), lebih tinggi ketimbang periode yang sama tahun lalu 4,74%. Padahal, pertumbuhan ekonomi China stagnasi 6,70%, Singapura melambat dari 2% menjadi hanya 0,6%, dan Korsel melambat daro 3,3% menjadi hanya 2,70%. Source: Bisnis Indonesia
Pemerintah tidak akan memperpanjang batas waktu repatriasi karena wajib pajak (WP) sudah cukup mengetahui periode repatriasi hanya sampai 31 Desember 2016. Oleh karena itu, pemerintah berharap sebanyak Rp 74 triliun dana repatriasi akan masuk dalam dua hari ini. Source: Kontan
Pemerintah Indonesia dan Jepang sepakat melanjutkan kerjasama tiga proyek infrastruktur transportasi strategis senilai Rp 151,72 triliun. Proyek tersebut adalah Pelabuhan Patimban senilai Rp 43,22 triliun, kereta api (KA) semi cepat Jakarta-Surabaya Rp 80-102 triliun, serta elektrifikasi dan proyek double-double track (rel dwiganda) Manggarai-Cikarang Rp 6,5 triliun. Source: Investor Daily
Kementerian Perindustrian memperkirakan industri pengolahan non-migas tumbuh pada kisaran 4,67%-5% hingga akhir tahun ini, dibawah proyeksi pertumbuhan ekonomi yang diperkirakan mencapai 5%-5,3%. Source: Bisnis Indonesia Posisi investasi internasional (PII) Indonesia membukukan net kewajiban sebesar US$ 340,6 miliar (37,5% dari produk domestic/PDB) pada akhir kuartal III-2016. Nilai ini turun 17,7% dari posisi net kewajiban pada akhir triwulan II 2016 yang sebesar US$ 413,7 miliar (47,1% PDB). Source: Investor Daily Tahun depan, persaingan industri ritel tanah air kian memanas. Tiga peritel asing siap membenamkan investasi mereka. LC Waikiki asal Turki dan satu peritel asal Jepang akan mengawali debut perdana di Indonesia. Sementara Central Retail Corporation Ltd, asal Thailand akan memperdalam investasinya. Source: Bisnis Indonesia
Sejak Januari tahun ini, NPL gross perbankan Tanah Air langsung menanjak 24 basis poin (bps) menjadi 2,79% dibandingkan dengan Desember 2015. Pada Mei 2016, NPL gross perbankan pun menyentuh level 3,11% dan perlahan tapi pasti terus menanjak hingga pada Agustus 2016 bertengger di angka 3,22%. Source: Bisnis Indonesia
Industri farmasi asing mengincar omzet US$ 1,45 miliar (Rp 19,52 triliun) pada tahun 2017, tumbuh sekitar 5% dibanding tahun 2016. Peningkatan pertumbuhan akan disumbang dari penjualan obat ritel dan program Jaminan Kesehatan Nasional (JKN). Source: Investor Daily
Ditengah ekonomi nasional yang datar, minat bepergian menggunakan transportasi udara justru melonjak tinggi. Bahkan, jumlah penumpang angkutan udara domestik diprediksi tumbuh 18%-19% hingga akhir tahun 2016. Source: Bisnis Indonesia Selama sebelas bulan tahun ini, total nilai transaksi roda empat dalam negeri diperkirakan tembus Rp 224,24 triliun dengan volume pasar mencapai 974,972 unit, mengalami pertumbuhan 3,7% dibandingkan dengan periode sama tahun lalu sebanyak 940,027 unit. Kinerja pasar domestik itu mendekati target pertumbuhan yang dipatok 4%. Sehingga, sampai akhir tahun ini, total pasar diperkirakan mencapai 1,05 juta unit. Source: Bisnis Indonesia
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
2
Daily Corporate and Industry News
Perum Perumnas (Persero) menyepakati kerjasama pinjaman konstruksi dan kredit pemilikan rumah (KPR) senilai total Rp 4,2 triliun dengan PT Bank Tabungan Negara Tbk (BTN). Source: Investor Daily
Bank Tabungan Negara (BBTN) berharap dikenakan porsi pembagian dividen sekitar 20% atas laba bersih perseroan tahun 2016, oleh pemerintah selaku pemegang saham. Persentase dividen tersebut sama dengan porsi yang dibagikan BTN atas laba bersih tahun lalu. Source: Investor Daily
Pembangunan Perumahan (PTPP) menunjuk PT Danareksa Sekuritas untuk menangani penerbitan surat utang berbunga abadi (perpetual capital securities) dan sukuk tahun depan. Tahap pertama, target nilai emisi dari surat utang itu sekitar Rp 1-2 triliun. Source: Investor Daily Tambang Batubara Bukit Asam (PTBA) menargetkan produksi batubara tahun depan meningkat sebesar 25% menjadi sekitar 30 juta ton dari target tahun ini sebanyak 25 juta ton. Perseroan akan memanfaatkan peluang meningkatkan produksi ditengah penguatan harga batubara. Source: Bisnis Indonesia, Investor Daily Semen Indonesia (SMGR) masih akan mendorong ekspansi anorganik pada tahun depan. Perseroan ini sedang membidik akuisisi perusahaan material bangunan, yang rencananya dilakukan di 2017. Source: Kontan Bank Jawa Timur (BJTM) mengalokasikan anggaran belanja modal sebesar Rp 300 miliar pada 2017. Source: Investor Daily
Sentul City (BKSL) berencana melangsungkan penawaran umum terbatas dengan hak memesan efek terlebih dahulu (HMETD) atau right issue senilai Rp 2,32 triliun. Perseroan akan menawarkan 20,72 miliar saham atau 37,5% dari modal disetor. Source: Investor Daily, Kontan Pembangunan Perumahan Properti (PPRO) masih optimistis memandang prospek bisnis tahun depan. Anak usaha PT PP Tbk (PTPP) ini bersiap menyerap suntikan modal dari induknya. PPRO akan menggunakan dana suntikan modal ini untuk ekspansi. Source: Kontan
Fast Food Indonesia (FAST) berencana ekspansi 30 gerai baru tahun depan. Ekspansi ini termasuk gerai yang berdiri sendiri (free standing) dan 20 gerai lebih kecil, KFC Box, yang ditempatkan di stasiun dan terminal. Source: Investor Daly Provident Agro (PALM) mendivestasi anak usahanya secara langsung dan tidak langsung, PT Nakau kepada PT Sinar Jaya Agro Investama dan Suparto. Perseroan menjual seluruh kepemilikan sahamnya atas Nakau senilai Rp 273,2 miliar. Source: Investor Daily
Tifa Finance (TIFA) kembali meraih pinjaman perbankan guna menjalankan kegiatan usahanya dalam menyalurkan pembiayaan. Perseroan mendapatkan kredit modal kerja dari PT Bank Mandiri Tbk (BMRI) sebesar Rp 150 miliar pada 27 Desember 2016. Source: Investor Daily
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
3
World Equity Indices NO
IN D IC E S
A m e ric a 1
DOW JONES INDUS. A VG
2
5 2 - WE E K H IG H
C H A N GE YT D
LO W
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
19,987.63
15,450.56
2,394.75
13.74
15.97
18.15
2.99
3.10
5,702.71
5,702.71
S&P 500 INDEX
2,277.53
1,810.10
205.32
10.05
18.78
18.91
2.77
2.84
20,114.75
20,114.75
3
NA SDA Q COM P OSITE INDEX
5,512.37
4,209.76
424.68
8.48
29.71
22.58
3.61
3.73
8,470.88
8,470.88
4
S&P /TSX COM P OSITE INDEX
15,430.39
11,531.22
2,412.17
18.54
21.27
20.37
1.63
1.68
2,260.64
1,672.94
5
M EXICO IP C INDEX
48,956.06
39,924.09
2,931.81
6.82
30.51
20.09
2.57
2.64
5,251.49
254.12
E uro pe 6
Euro Sto xx 50 P r
3,313.31
2,672.73
4.24
0.13
21.56
15.44
1.50
1.61
2,718.68
2,847.00
7
FTSE 100 INDEX
7,129.83
5,499.51
877.94
14.06
34.32
16.94
1.81
1.88
1,920.43
2,347.92
8
CA C 40 INDEX
4,856.96
3,892.46
201.41
4.34
23.87
15.40
1.44
1.52
1,344.52
1,407.98
9
DA X INDEX
11,481.46
8,699.29
708.04
6.59
20.68
14.20
1.70
1.84
1,091.59
1,143.11
10
IB EX 35 INDEX
9,696.40
7,579.80
(217.10)
(2.27)
23.08
16.42
1.38
1.48
579.49
606.84
11
FTSE M IB INDEX
21,659.49
15,017.42
(2,214.43)
(10.34)
361.87
24.61
1.10
1.22
426.74
446.88
12
A EX-Index
484.21
378.53
40.64
9.20
26.94
18.45
1.60
1.70
575.56
602.73
13
SWISS M A RKET INDEX
8,908.50
7,425.05
(566.96)
(6.43)
18.25
17.59
2.59
2.72
1,047.34
1,022.69
A s ia / P a c if ic 14
S&P /A SX 200 INDEX
5,699.10
4,706.70
403.17
7.61
22.83
16.75
1.85
1.91
1,636.52
1,179.44
15
A LL ORDINA RIES INDX
5,746.70
4,762.10
402.09
7.52
28.03
16.93
1.82
1.88
1,769.47
1,275.26
16
CSI 300 INDEX
3,772.62
2,821.22
(433.24)
(11.61)
15.77
14.13
2.05
1.97
23,165.27
3,332.70
17
SHA NGHA I SE A SHA RE INDX
3,747.76
2,760.92
(462.63)
(12.49)
18.80
14.77
1.99
1.92
28,213.34
4,058.95
18
SHENZHEN SE A SHA RE INDX
2,465.89
1,691.41
(358.60)
(14.85)
52.98
30.21
4.72
4.50
22,167.62
3,189.17
19
HA NG SENG INDEX
24,364.00
18,278.80
(123.49)
(0.56)
10.69
12.03
1.17
1.13
13,783.06
1,777.24
20
HA NG SENG CHINA ENT INDX
10,209.72
7,498.81
(348.27)
(3.60)
7.25
8.22
0.95
0.91
4,198.27
541.34
21
S&P B SE SENSEX INDEX
29,077.28
22,494.61
248.61
0.95
19.28
18.12
2.81
2.83
45,182.48
664.91
22
Nifty 50
8,968.70
6,825.80
157.25
1.98
20.73
18.18
2.67
2.69
56,377.44
829.66
23
JA KA RTA COM P OSITE INDEX
5,491.70
4,408.80
709.56
15.45
26.88
17.49
2.35
2.36
5,758,652.42
427.33
24
JA KA RTA LQ-45 INDEX
948.74
765.01
95.52
12.06
17.13
19.49
2.85
2.87
3,819,463.94
283.43
25
KA RA CHI 100 INDEX
47,713.34
29,784.60
14,850.35
45.25
9.01
11.34
1.59
1.77
8,657.24
82.63
26
NIKKEI 225
19,592.90
14,864.01
111.43
0.59
20.15
19.31
1.70
1.75
339,802.66
2,916.76
27
NIKKEI 300 INDEX
313.04
239.50
(6.85)
(2.20)
16.69
15.25
1.36
1.38
389,372.90
3,342.26
28
TOP IX INDEX (TOKYO)
1,558.75
1,192.80
(28.91)
(1.87)
16.60
15.86
1.31
1.33
570,628.10
4,898.10
29
FTSE B ursa M alaysia KLCI
1,729.13
1,600.92
(54.58)
(3.22)
17.98
16.35
1.78
1.80
994.12
221.70
30
S&P NZX A ll Index
1,427.66
1,139.58
65.43
5.37
19.80
20.31
1.88
1.87
107.95
75.04
31
P SEi - P HILIP P INE SE IDX
8,118.44
6,084.28
(111.44)
(1.60)
20.04
17.44
2.47
2.46
8,199.87
165.50
32
Straits Times Index STI
2,980.77
2,528.44
6.42
0.22
13.26
13.91
1.14
1.12
462.35
318.99
33
KOSP I INDEX
2,073.89
1,817.97
65.15
3.32
14.72
11.74
0.94
0.97
1,257,807.49
1,042.27
34
TA IWA N TA IEX INDEX
9,430.34
7,627.89
815.03
9.77
13.82
1.44
1.44
26,928.38
834.26
35
STOCK EXCH OF THA I INDEX
1,558.32
1,220.96
249.79
19.39
21.95
1.71
1.76
14,996.35
417.63
36
THA I SET 50 INDEX
995.59
757.91
148.41
18.24
19.86
15.71
1.77
1.82
9,411.33
262.10
37
HO CHI M INH STOCK INDEX
692.17
513.82
85.69
14.80
12.53
15.21
1.72
1.65
1,490,595.71
65.45
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
4
LQ45 L Q 4 5 In d e x
2 9 -D e c -1 6
5 2 -W E E K
C H A N G E Y TD
H IG H
LOW
P O IN T 2 ,1 4 7
%
1
A A L I IJ
1 7 ,2 5 0
1 8 ,6 2 8
1 3 ,1 2 6
2
A D H I IJ
2 ,1 2 0
2 ,9 1 0
1 ,8 3 0
3
A D R O IJ
1 ,6 9 0
1 ,7 7 0
437
4
A K R A IJ
5 ,9 7 5
8 ,4 5 0
5 ,4 0 0
5
A N TM IJ
895
1 ,0 0 5
292
581
1 8 5 .0 3
6
A S II IJ
8 ,1 2 5
8 ,8 7 5
5 ,7 0 0
2 ,1 2 5
3 5 .4 2
1 6 .7 8
7
A S R I IJ
8
B B C A IJ
(2 0 ) 1 ,1 7 5 (1 , 2 0 0 )
1 4 .2 2
P E R (x ) 2015
(0 . 9 3 ) 2 2 8 .1 6 (1 6 . 7 2 )
P B V (x )
2016E
2015
2016E
M A R K ET C A P (B n )
4 0 .3 2
2 1 .6 3
2 .2 1
1 .9 9
1 4 .0 8
1 8 .9 7
1 .4 8
1 .3 3
7 ,5 4 9 .0 0
7 .7 9
1 5 .6 8
0 .4 1
1 .2 7
5 4 ,0 5 6 .2 8
2 7 .3 1
2 1 .3 0
4 .6 5
3 .4 9
2 3 ,8 5 0 .8 9
0 .4 1
1 .2 0
2 1 ,5 0 7 .5 3
2 0 .5 3
2 .3 8
2 .9 4
3 2 8 ,9 2 8 .8 7
-
-
3 3 ,2 0 0 .8 7
356
585
317
13
3 .7 9
1 2 .0 8
8 .0 8
1 .0 4
0 .9 8
6 ,9 9 5 .1 9
1 5 ,3 5 0
1 6 ,2 0 0
1 2 ,6 2 5
2 ,0 5 0
1 5 .4 1
1 8 .2 1
1 9 .0 1
3 .6 7
3 .4 8
3 7 8 ,4 5 4 .3 9
9
B B N I IJ
5 ,4 7 5
5 ,9 7 5
4 ,2 7 0
485
9 .7 2
1 0 .2 6
9 .6 1
1 .2 1
1 .2 2
1 0 2 ,1 0 1 .3 9
10
B B R I IJ
1 1 ,6 5 0
1 2 ,9 7 5
9 ,5 2 5
225
1 .9 7
1 1 .0 9
1 1 .2 7
2 .4 8
2 .0 7
2 8 7 ,3 9 5 .7 4
11
B B TN IJ
1 ,7 7 0
2 ,1 0 0
1 ,2 8 0
475
3 6 .6 8
7 .4 0
8 .2 0
0 .9 9
1 .0 6
1 8 ,7 4 4 .3 0
12
B M R I IJ
1 1 ,5 7 5
1 1 ,9 5 0
8 ,6 5 0
2 ,3 2 5
1 0 .6 1
1 6 .4 0
1 .8 4
1 .8 3
2 7 0 ,0 8 3 .3 3
13
B M TR IJ
615
1 ,2 6 0
555
1 .4 5
-
14
B S D E IJ
1 ,7 2 5
2 ,3 8 0
1 ,5 5 0
15
C P IN IJ
3 ,1 1 0
4 ,0 2 0
2 ,6 0 0
510
1 9 .6 2
16
EL S A IJ
432
620
173
185
17
G G R M IJ
6 4 ,0 0 0
7 7 ,9 5 0
5 2 ,5 5 0
18
H M S P IJ
3 ,9 2 0
4 ,4 8 5
3 ,5 6 0
19
IC B P IJ
8 ,6 2 5
1 0 ,2 7 5
20
IN C O IJ
2 ,8 4 0
3 ,6 3 0
21
IN D F IJ
7 ,8 5 0
22
IN TP IJ
23
J S M R IJ
24 25
(4 8 5 )
2 5 .1 4 (4 4 . 0 9 )
3 1 2 .3 8
(4 . 1 7 )
1 5 .9 2
1 5 .8 4
1 .8 4
1 .5 6
3 3 ,2 0 0 .5 5
2 3 .2 6
1 6 .7 2
3 .4 0
3 .4 6
5 0 ,9 9 7 .7 8
7 4 .9 0
4 .8 1
6 .8 8
0 .6 9
1 .0 6
3 ,1 5 2 .9 5
9 ,0 0 0
1 6 .3 6
1 6 .4 4
1 8 .4 2
2 .7 9
3 .0 5
1 2 3 ,1 4 1 .6 3
160
4 .2 6
3 2 .3 0
3 8 .4 0
1 3 .6 6
1 3 .4 0
4 5 5 ,9 6 6 .8 6
6 ,4 2 5
1 ,8 8 7
2 8 .0 1
2 6 .1 9
2 7 .8 3
5 .0 8
5 .7 4
1 0 0 ,5 8 3 .9 6
1 ,3 7 0
1 ,2 0 5
7 3 .7 0
2 1 .2 1
0 .6 4
1 .1 2
2 8 ,2 1 9 .2 0
9 ,2 0 0
5 ,0 7 5
2 ,6 7 5
5 1 .6 9
1 7 .6 6
1 7 .1 2
1 .6 7
2 .3 2
6 8 ,9 2 6 .3 5
1 5 ,4 7 5
2 2 ,8 0 0
1 4 ,2 7 5
(6 , 8 5 0 )
(3 0 . 6 8 )
1 8 .8 6
1 3 .5 8
3 .4 4
2 .1 2
5 6 ,9 6 7 .0 6
4 ,3 5 0
6 ,2 3 5
3 ,9 0 0
(8 6 3 )
(1 6 . 5 5 )
2 3 .5 9
1 7 .2 6
3 .4 1
2 .4 4
3 1 ,5 7 1 .7 4
K L B F IJ
1 ,5 5 5
1 ,8 1 5
1 ,2 5 0
235
1 7 .8 0
3 1 .0 7
3 1 .8 9
5 .9 1
6 .1 7
7 2 ,8 9 0 .8 1
L P K R IJ
725
1 ,2 1 5
690
(3 1 0 )
(2 9 . 9 5 )
4 4 .0 2
1 4 .5 2
1 .4 4
0 .9 6
1 6 ,7 3 1 .3 2
26
L P P F IJ
1 5 ,1 0 0
2 2 ,5 7 5
1 3 ,3 2 5
(2 , 5 0 0 )
(1 4 . 2 0 )
2 8 .8 5
2 0 .5 0
4 6 .4 3
2 2 .5 3
4 4 ,0 6 0 .5 6
27
L S IP IJ
1 ,7 6 0
1 ,9 0 5
1 ,2 1 0
440
3 3 .3 3
1 4 .5 1
2 3 .4 9
1 .2 3
1 .5 8
1 2 ,0 0 8 .2 4
28
M N C N IJ
1 ,7 3 0
2 ,4 1 5
1 ,1 8 5
(1 2 5 )
(6 . 7 4 )
2 1 .9 0
1 4 .7 3
2 .8 9
2 .4 7
2 4 ,6 9 7 .6 6
29
M P P A IJ
1 ,4 2 5
2 ,1 3 0
1 ,1 8 5
(4 0 0 )
(2 1 . 9 2 )
4 9 .6 9
5 6 .6 4
3 .5 4
2 .7 5
7 ,6 6 3 .6 0
30
M YR X IJ
174
192
120
47
3 7 .0 1
1 1 1 .7 0
4 6 .9 6
1 .7 8
2 .5 2
1 3 ,6 9 7 .1 4
31
P G A S IJ
2 ,7 6 0
3 ,5 2 0
2 ,1 7 0
15
0 .5 5
1 1 .9 6
1 2 .0 5
1 .5 9
1 .5 6
6 6 ,9 0 6 .5 6
32
P TB A IJ
1 2 ,5 0 0
1 3 ,7 7 5
4 ,1 5 0
7 ,9 7 5
1 7 6 .2 4
4 .8 2
1 5 .9 4
1 .0 4
2 .7 0
2 8 ,8 0 1 .6 5
33
P TP P IJ
3 ,8 5 0
4 ,6 1 0
3 ,1 3 7
167
4 .5 3
2 5 .4 0
2 0 .6 3
4 .2 8
2 .8 4
2 3 ,8 7 9 .7 9
34
P W O N IJ
580
765
418
84
1 6 .9 4
1 8 .9 3
1 5 .5 9
3 .3 1
3 .1 3
2 7 ,9 3 2 .5 7
35
S C M A IJ
36
S IL O IJ
37 38 39
S R IL IJ
40 41
(7 5 )
2 ,8 0 0
3 ,5 5 0
2 ,1 3 0
1 1 ,3 0 0
1 1 ,5 6 3
7 ,1 1 0
1 ,6 5 6
(3 0 0 )
1 7 .1 7
S M G R IJ
9 ,4 0 0
1 1 ,8 7 5
8 ,0 5 0
(2 , 0 0 0 )
S M R A IJ
1 ,3 4 0
1 ,9 7 0
1 ,2 2 5
(3 1 0 )
230
417
204
S S M S IJ
1 ,3 9 5
2 ,0 7 5
TL K M IJ
3 ,9 4 0
4 ,5 7 0
42
U N TR IJ
2 0 ,9 5 0
43
U N V R IJ
4 0 ,0 0 0
44
W IK A IJ
45
W S K T IJ
-
8 ,7 3 2 .1 5
2 9 .6 5
2 5 .6 7
1 4 .4 1
1 1 .3 1
4 0 ,9 4 0 .4 8
1 6 0 .9 3
1 2 5 .6 2
6 .5 0
6 .3 6
1 4 ,6 9 8 .4 2
(1 7 . 5 4 )
1 4 .9 5
1 3 .5 8
2 .5 6
1 .9 5
5 5 ,7 5 6 .2 9
(1 8 . 7 9 )
2 7 .9 0
5 3 .0 5
3 .9 6
2 .9 8
1 9 ,3 3 1 .8 9
(1 5 9 )
(4 0 . 8 7 )
9 .4 6
8 .5 3
1 .8 9
1 .2 2
4 ,2 7 6 .3 6
1 ,3 0 0
(5 5 5 )
(2 8 . 4 6 )
3 3 .1 1
2 2 .4 6
6 .1 2
3 .8 2
1 3 ,2 8 7 .3 8
3 ,0 3 1
849
2 7 .4 7
1 9 .5 9
1 9 .5 7
4 .0 4
4 .5 2
3 9 7 ,1 5 1 .9 9
2 3 ,9 7 5
1 2 ,5 5 0
4 ,0 0 0
2 3 .6 0
1 6 .4 0
1 7 .0 4
1 .6 7
1 .9 6
7 8 ,1 4 6 .3 3
4 7 ,8 0 0
3 5 ,3 0 0
3 ,0 0 0
8 .1 1
4 8 .2 6
4 7 .3 1
5 8 .4 8
5 7 .6 0
3 0 5 ,2 0 0 .0 0
2 ,4 3 0
3 ,1 3 9
2 ,0 3 7
(0 . 6 1 )
2 5 .7 6
2 2 .8 8
3 .7 1
1 .8 4
2 1 ,7 9 6 .9 8
2 ,6 0 0
2 ,8 6 0
1 ,6 1 5
1 8 .8 9
2 1 .3 9
2 .3 7
2 .6 0
3 5 ,2 9 1 .6 4
(1 5 ) 930
(9 . 6 8 )
-
5 5 .6 9
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id
See important disclaimer at the end of this report
5
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 ( %)
P ro perty
0.63
2.51
(2.56)
5.73
B asic Industry
1.50
1.80
0.46
32.87
Trade
1.84
3.58
3.27
0.11
Finance
2.41
4.54
7.29
17.75
M iscellaneo us Industry
3.22
4.76
6.16
27.41
1.18
4.68
1.53
14.64
Infrastructure
2.40
3.61
1.60
7.32
A griculture
0.41
0.41
1.40
8.11
M ining
0.73
1.13
0.74
70.85
N o v - 16
O c t - 16
Inflatio n YTD (in %)
2.59
6.03
Inflatio n Yo Y (in %)
3.58
3.31
Co nsumer
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
Inflatio n M o M (in %) Fo reign Reserves (in USD bn)
0.47
0.14
111.47
115.04
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
13,430.00
0.31
0.93
2.67
USD/CNY
6.96
0.08
(0.74)
(6.64)
USD/EUR
0.95
(0.58)
0.35
2.90
USD/JP Y
116.22
0.28
(1.51)
3.44
USD/SGD
1.44
0.31
(0.71)
(1.75)
USD/A UD
1.38
(0.36)
1.91
0.58
USD/GB P
0.81
(0.27)
1.71
19.85
Le nding a nd D e po s it R a t e s
( in %)
JIB OR (in IDR)
7.80
LIB OR (in GB P )
0.79
SIB OR ( in USD)
1.46
Indo nesia 5-Year Go vernment B o nds Yield
7.60
Indo nesia 10-Year Go vernment B o nds Yield
7.97
Indo nesia 15-Year Go vernment B o nds Yield
8.19
Source: Bloomberg, Sinarmas Investment Research
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See important disclaimer at the end of this report
6
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
BEKS
Price (Rp)
Cum Date (2016)
EX Date(2016)
Trading (2016)
18.35
01 Desember
02 Desember
08 Des - 15 Des
INPC
29
:
6
111
30 November
01 Desember
07 Des - 14 Des
SILO
8
:
1
9000
29 November
30 November
06 Des - 13 Des
AGRO
25 November
28 November
02 Des - 08 Des
PTPP
18 November
21 November
23 Nov - 29 Nov
JSMR
31 October
01 November
07 Nov - 11 Nov
27 October
28 October
03 Nov - 09 Nov
17 October
18 October
03 Nov - 09 Nov
WIKA KRAS
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2180
See important disclaimer at the end of this report
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 17,250 17,150 17,400 16,900 17,150 LSIP Buy 1,760 1,760 1,785 1,720 1,740 BWPT BoW 276 268 286 260 268 Finance BMRI Buy 11,575 11,575 11,750 11,250 11,450 BBRI BoW 11,650 11,500 11,750 11,300 11,500 BBCA Buy 15,350 15,350 15,600 14,900 15,200 BBNI Buy 5,475 5,475 5,550 5,300 5,400 BBTN Buy 1,770 1,770 1,790 1,720 1,745 BJTM BoW 585 570 610 550 570 BJBR BoW 3,350 3,330 3,370 3,310 3,330 CONSUMER GOODS INDF Buy 7,850 7,850 8,000 7,625 7,775 ICBP Buy 8,625 8,625 8,750 8,400 8,525 GGRM BoW 64,000 63,675 64,450 63,225 63,675 UNVR Buy 40,000 40,000 40,350 39,550 39,850 CPIN Buy 3,110 3,110 3,160 3,020 3,070 BASIC & MISC Industry ASII Buy 8,125 8,125 8,250 7,900 8,050 SMGR BoW 9,400 9,325 9,475 9,250 9,325 INTP BoW 15,475 15,400 15,675 15,200 15,400 SMCB BoW 905 895 920 880 895 INFRASTRUCTURE TLKM Buy 3,940 3,940 3,980 3,850 3,900 PGAS Buy 2,760 2,760 2,820 2,680 2,730 JSMR Buy 4,350 4,350 4,430 4,270 4,330 TBIG BoW 5,000 4,980 5,050 4,950 4,980 RETAIL MAPI BoW 5,225 5,150 5,300 5,050 5,150 RALS BoW 1,180 1,160 1,200 1,140 1,160 ACES BoW 810 795 825 780 795 MPPA BoW 1,425 1,395 1,445 1,365 1,395 MINING PTBA Buy 12,500 12,500 12,675 12,000 12,250 ADRO BoW 1,690 1,670 1,715 1,650 1,670 ITMG Buy 16,500 16,500 16,750 16,000 16,250 ANTM BoW 895 885 905 865 885 TINS BoW 1,140 1,125 1,165 1,110 1,125 UNTR Buy 20,950 20,950 21,200 20,600 20,800 PROPERTY & CONSTRUCTION ASRI BoW 356 350 364 340 350 LPKR BoW 725 715 735 700 715 CTRA BoW 1,330 1,315 1,350 1,300 1,315 APLN BoW 210 200 220 190 200 SMRA BoW 1,340 1,320 1,360 1,290 1,320 SSIA BoW 440 430 450 420 430 BSDE BoW 1,725 1,700 1,745 1,670 1,700 PTPP Buy 3,850 3,850 3,920 3,750 3,810 WSKT Buy 2,600 2,600 2,650 2,520 2,560 WIKA BoW 2,430 2,400 2,460 2,370 2,400 ADHI Buy 2,120 2,120 2,150 2,080 2,100
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R1
R2
EXPLANATION
17,400 1,785 286
17,700 White spinning top 1,810 Stoc osc :uptrend 296 Long legged doji
11,750 11,750 15,600 5,550 1,790 610 3,370
11,900 11,900 15,900 5,700 1,835 630 3,420
Stoc osc : uptrend White spinning top Stoc osc : uptrend Stoc osc : uptrend White spinning top Rsi : uptrend Rsi : downtrend
8,000 8,750 64,450 40,350 3,160
8,150 8,900 64,900 40,650 3,220
Macd : golden cross Three white candle Stoc osc : uptrend Macd : golden cross Long white candle
8,250 9,475 15,675 920
8,375 9,550 15,875 940
Morning star White spinning top White spinning top Doji
3,980 2,820 4,430 5,050
4,030 2,870 4,480 5,150
Macd : uptrend Macd : reversal White spinning top Doji
5,300 1,200 825 1,445
5,450 1,230 840 1,465
Long legged doji Stoc osc : uptrend Long legged doji White spinning top
12,675 1,715 16,750 905 1,165 21,200
12,850 1,730 17,000 925 1,190 21,400
Macd : reversal Rsi : neutral Stoc osc : uptrend Macd : reversal Black spinning top Stoc osc : uptrend
364 735 1,350 220 1,360 450 1,745 3,920 2,650 2,460 2,150
370 750 1,385 240 1,380 460 1,760 3,980 2,700 2,490 2,180
White spinning top Doji Long legged doji Black spinning top Rsi : uptrend Doji White spinning top Morning star Three white candle Doji Stoc osc : uptrend
See important disclaimer at the end of this report
Picks of The Day
Friday, December 30, 2016
BBRI - Daily 12/29/2016 4:14:27 PM Open 11475, Hi 11725, Lo 11425, Clos e 11650 (2.4%) MA(Clos e,50) = 11,621.00 13,000 12,800 12,600 12,400 12,200 12,000 11,800 11,650 11,600 11,621 11,400 11,200 11,000 10,800 10,600 10,400 10,200 10,000 9,800 9,600 Nov Dec 2016 Feb Mar BBRI - MACD(12,26) = -77.05, Signal(12,26,9) = -121.22
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec 400 200 -77.05380 -121.218 -200
Nov Dec 2016 Feb Mar BBRI - Stoch %K(15,3) = 58.12, Stoch %D(15,3,3) = 33.93
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec 80 58.1197 33.9269 20
BBRI - RSI(15) = 56.45
70 56.4477
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
BBRI : Buy on Weakness
BBRI memiliki indikator Macd, Stoc osc dan Rsi yang mengindikasikan pola Uptrend. BBRI belum berhasil menembus Resistance pada level harga 11750 dan terbuka peluang untuk mencoba level Support pada level 11500 dalam jangka pendek. Trading Range : 11300 — 11900. Fundamental :
PTPP - Daily 12/29/2016 4:14:23 PM Open 3720, Hi 3870, Lo 3700, Clos e 3850 (3.2%) MA(Clos e,50) = 3,985.00 4,800 4,700 4,600 4,500 4,400 4,300 4,200 4,100 4,000 3,985 3,900 3,850 3,800 3,700 3,600 3,500 3,400 3,300 Dec
2016
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
PTPP - MACD(12,26) = -92.88, Signal(12,26,9) = -87.70 100
Dec 2016 Feb Mar Apr PTPP - Stoch %K(15,3) = 42.00, Stoch %D(15,3,3) = 22.63
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
-87.70040 -92.8847 -100
80 42 22.6313 20 PTPP - RSI(15) = 49.09
70 49.0939 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
PTPP : Trading Buy
PTPP memiliki indikator Stoc osc , MACD yang mengindikasikan pola Uptrend. PTPP berhasil menembus Resistance pada level harga 3830 dan terbuka peluang untuk mencoba level Resistance pada level 3920 dalam jangka pendek, Trading range : 3810 — 3980. Fundamental :
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See important disclaimer at the end of this report
Picks of The Day ASII - Daily 12/29/2016 4:08:05 PM Open 7825, Hi 8150, Lo 7800, Clos e 8125 (3.8%) MA(Clos e,50) = 7,911.00 8,800 8,600 8,400 8,200 8,125 8,000 7,911 7,800 7,600 7,400 7,200 7,000 6,800 6,600 6,400 6,200 6,000 5,800 5,600 Dec 2016 Feb Mar ASII - MACD(12,26) = -35.91, Signal(12,26,9) = -78.12
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec 300 200 100 -35.90960 -100 -78.1219 -200
Dec 2016 Feb Mar Apr ASII - Stoch %K(15,3) = 74.99, Stoch %D(15,3,3) = 45.17
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec 80 74.9899 45.1695 20
ASII - RSI(15) = 59.14
70 59.1372
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 : Trading Buy
ASII memiliki indikator Macd, Stoc osc dan Rsi mengindikasikan pola Uptrend, ASII berhasil menembus Resistance di level harga 8100 sehingga terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 8250. Trading Range : 8050 — 8375. Fundamental :
TLKM - Daily 12/29/2016 4:10:30 PM Open 3830, Hi 3960, Lo 3810, Clos e 3940 (2.9%) MA(Clos e,50) = 3,981.80
4,600
4,400
4,200
3,981.8 4,000 3,940 3,800
3,600
3,400
3,200
3,000
2,800
Dec
2016
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
TLKM - MACD(12,26) = -46.09, Signal(12,26,9) = -56.16 100 50 0 -46.0903 -50 -56.1649 Dec 2016 Feb Mar Apr TLKM - Stoch %K(15,3) = 52.30, Stoch %D(15,3,3) = 30.09
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec 80 52.2972 30.0869 20
TLKM - RSI(15) = 53.70
70 53.6974 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
TLKM : Trading Buy TLKM memiliki indikator Macd, Stoc osc dan Rsi mengindikasikan pola Uptrend, TLKM berhasil menembus Resistance di level harga 3940 sehingga terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 3980. Trading range : 3900 — 4030. Fundamental :
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RESEARCH ASSOCIATE
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Eddy Wijaya
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