gold (usd/ounce) 1,500.86 8:05:52 am 17.02 nickel (usd/mn ... 2019/oct/20191003...oct 03, 2019 ·...
TRANSCRIPT
1
Today’s Market:
IHSG diperkirakan bergerak melemah. Bursa AS ditutup
melemah perdagangan Rabu (02/10). Harga batubara
turun ke level USD 66.25 per Mt. Crude oil turun ke level
USD 52.57 per barrel. Rupiah stabil terhadap Dollar AS di
level Rp 14.198. 10Yr Government Bonds Yield stabil di
level 7.28%.
Dari global, AS mencatatkan jumlah lapangan kerja non-
pertanian bertambah sebanyak 135 ribu, sedikit di bawah
estimasi. AS juga berencana untuk mengenakan tarif ter-
hadap USD 7,5 miliar produk export EU, termasuk pe-
sawat terbang, dimulai pada 18 Oktober 2019.
Sehubungan dengan industri, Otoritas Jasa Keuangan
(OJK) mencatatkan data NPL gross industri perbankan per
Agustus 2019 ada di level 2,6%, sementara NPL net di
level 1,17%. Posisi tersebut sedikit meningkat dibanding
bulan sebelumnya yang masing-masing berada di 2,55%
dan 1,16%.
Sehubungan dengan industri, pemerintah menunda pun-
gutan bea keluar ekspor CPO dan turunannya yang semula
akan diberlakukan pada 1 Oktober 2019, mundur menjadi
1 Januari 2020.
Sehubungan dengan emiten, Wijaya Karya (WIKA) membi-
dik pekerjaan pengembangan bandara Terminal 3 di Taipei
senilai kurang lebih Rp10 triliun dengan gross margin lebih
tinggi di sekitar 13%-17%.
Secara teknikal indeks hari Rabu (02/10), IHSG diprediksi
bergerak di kisaran 6010-6100.
Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
Thursday, October 3, 2019
ID X Stat ist ics C lo sing
JCI 6,055.43
Transaction Value Regular M arket (IDR tn) 6.749
Transaction Volume Regular M arket (mn shares) 11,622
Foreign Net Buy (Sell) (IDR bn) 789
Foreign Net Buy (Sell) 3.67
Total M arket Capitalization (IDR tn) 6,977.07
LQ45 941.74 (1.92) (4.17)
EIDO 23.82 (1.57) (4.03)
IDX 21.19 (1.47) (2.64)
DOW JONES 26,078.62 (1.86) 11.79
S&P 500 2,887.61 (1.79) 15.19
NASDAQ 7,785.25 (1.56) 17.33
FTSE 7,122.54 (3.23) 5.86
NIKKEI 21,778.61 (0.49) 8.81
HANG SENG 26,042.69 (0.19) 0.76
STRAITS TIM ES 3,103.45 (1.35) 1.13
KLSE 1,574.90 (0.91) (6.84)
USD/IDR 14,198.00 (0.10) (1.35)
EUR/IDR 15,560.64 0.07 (5.69)
JPY/IDR 132.66 0.48 1.48
SGD/IDR 10,261.19 (0.06) (2.89)
AUD/IDR 9,528.38 (0.13) (6.66)
GBP/IDR 17,478.46 0.00 (5.51)
Crude Oil (USD/barrel) 52.57 7:55:51 AM 15.81
Coal (USD/mn tons) 66.25 10/2/2019 (35.08)
Natural Gas (USD/mmBtu) 2.26 7:54:55 AM (23.27)
Gold (USD/ounce) 1,500.86 8:05:52 AM 17.02
Nickel (USD/mn tons) 17,575.00 8:05:25 AM 64.45
Tins (USD/mn tons) 16,550.00 10/2/2019 (15.02)
CPO (M YR/mn tons) 2,085.00 10/2/2019 4.04
Rubber (JPY/kg) 150.40 7:22:15 AM (12.56)
Wheat (USD/bushel) 489.50 7:55:47 AM (2.73)
Corn (USD/bushel) 387.50 7:55:51 AM 3.33
C o mmo dit ies
Other Indices C lo sing 1-D ay C hg (%)YT D
C hg (%)
C urrency Spo t R ate R ate ( ID R ) 1-D ay C hg (%)YT D
C hg (%)
P riceLast
T ransact io n
YT D
C hg (%)
IHSG turun sebanyak 82.8 poin (1.35%) ke level 6055.43.
Sementara LQ45 turun sebanyak 18.4 poin (1.92%) ke level
941.74. Foreign net buy sebesar Rp 788.98 miliar.
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Millio
ns
Volume JCI Index
2
Daily Corporate and Industry News
Badan Pusat Statistik (BPS) mencatat inflasi inti tercatat yang masih tinggi yakni di angka 0,29% pada September atau 3,32% secara year on year. Source: Bisnis Indonesia Kinerja sektor manufaktur nasional menyentuh titik terendah dalam tiga tahun terakhir pada kuartal III-2019. Ini terlihat pada indeks manajer pembelian (purchasing manager index/PMI) September 2019 yang berada di level 49,1, dibanding Agustus posisi 49. Source: Investor Daily Komisi Pemberantasan Korupsi bekerja sama dengan lembaga antikorupsi Singapura, Corrupt Practices Investigation Bureau (CPIB), untuk mendatangkan Sjamsul Nursalim ke Indonesia Pemerintah telah menetapkan jumlah layer tarif cukai hasil tembakau (CHT) pada tahun depan tetap sama, yakni sebanyak 10 layer, sigaret kretek tangan 4 layer, sigaret kretek mesin 3 layer, dan sigaret putih mesin 3 layer. Source: Bisnis Indonesia Lelang Surat Berharga Syariah Negara (SBSN) pada Selasa (1/10) menjaring penawaran masuk sebesar Rp 28,11 triliun. Pemerintah menyerap dana Rp 7,12 triliun dari target indikatif Rp 7 triilun. Source: Kontan Waskita Karya (WSKT) menandatangani conditional sales purchase agreement untuk penjualan ruas tol JSN dan JNKK ke investor Hong Kong. Source: Bisnis Indonesia Aneka Tambang (ANTM) akan memaksimalkan kuota ekspor bijih nikel yang dimiliki perseroan pada tahun ini me-nyusul akselerasi larangan komoditas tersebut pada 2020. Source: Bisnis Indonesia Kemarin (1/10), Garuda Indonesia (GIAA) Group dan Sriwijaya Air Group melakukan mediasi yang difasilitasi oleh pemerintah. Melalui pertemuan itu, kedua maskapai sepakat untuk kembali menjalankan kerja sama manajemen (KSM) yang telah dimulai sejak 9 November 2018. Source: Bisnis Indonesia Perusahaan Gas Negara (PGAS) menggandeng PT PP (PTPP) untuk membangun jaringan gas rumah tangga. Pada tahap pertama, PTPP akan membangun 50.000 sambungan, lalu di tahap kedua akan dibangun 450.000 sambungan rumah tangga. PGAS juga menunda rencana untuk menaikkan harga gas komersial dan industri yang direncanakan untuk dimulai pada 1 Oktober 2019. Source: Kontan Cikarang Listrindo (POWR) dan ManCorp B.V pada 28 September 2019 telah menandatangani perjanjian jual beli saham dimana POWR telah menjual seluruh saham Listrindo Capital dengan nilai transaksi mencapai USD 2 juta. Source: IQPlus Erajaya Swasembada (ERAA) melalui anak usaha yang berkedudukan di Singapura yaitu Erajaya Holding Pte melakukan investasi dalam bentuk pembelian convertible bonds DataPro Technologies Pte Ltd. yaitu perusahaan yang bergerak di layanan sewa modem mini wifi di Singapura dan Indonesia. Source: Kontan
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
3
World Equity Indices
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
WOR LD EQUIT Y IN D IC ES
N O T IC KER
1 INDU Index 27,398.68 21,712.53 2,751.16 11.79 17.40 17.10 3.91 3.79 7,281.16 7,281.16
2 SPX Index 3,027.98 2,346.58 380.76 15.19 19.00 17.47 3.30 3.15 24,952.67 24,952.67
3 CCM P Index 8,339.64 6,190.17 1,149.97 17.33 30.51 23.32 3.60 4.28 12,109.20 12,109.20
4 SPTSX Index 16,947.23 13,776.88 1,988.11 13.88 16.59 15.08 1.77 1.73 2,504.47 1,881.65
5 M EXBOL Index 49,487.54 38,265.51 582.63 1.40 16.35 14.27 2.04 1.80 5,278.26 266.47
6 SX5E Index 3,588.68 2,908.70 411.89 13.72 17.38 14.10 1.66 1.59 3,024.55 3,314.31
7 UKX Index 7,727.49 6,536.53 394.41 5.86 17.28 12.63 1.69 1.64 1,906.17 2,346.31
8 CAC Index 5,704.93 4,555.99 692.08 14.63 18.60 14.42 1.60 1.53 1,659.34 1,818.31
9 DAX Index 12,656.05 10,279.20 1,366.29 12.94 19.39 13.86 1.56 1.48 1,109.73 1,216.05
10 IBEX Index 9,587.60 8,286.20 372.30 4.36 12.75 11.85 1.28 1.21 556.40 609.71
11 FTSEM IB Index 22,357.39 17,914.03 2,974.21 16.23 12.83 10.77 1.12 1.06 483.92 530.28
12 AEX Index 586.32 472.19 70.13 14.37 16.68 16.11 1.86 1.83 663.30 726.84
13 SM I Index 10,140.93 8,138.56 1,327.98 15.75 21.43 16.42 2.67 2.36 1,179.00 1,182.67
14 AS51 Index 6,875.50 5,410.20 840.00 14.88 18.89 16.44 2.09 2.00 1,981.24 1,327.23
15 AS30 Index 6,958.70 5,478.40 896.00 15.69 19.24 16.06 2.04 1.98 2,166.39 1,451.27
16 SHSZ300 Index 4,126.09 2,935.83 803.87 26.70 13.83 12.45 1.77 1.64 30,414.93 4,254.79
17 SHASHR Index 3,444.44 2,555.84 431.97 16.54 14.11 11.45 1.46 1.33 32,246.58 4,511.02
18 SZASHR Index 1,881.65 1,267.27 342.78 25.86 34.58 18.49 2.39 2.43 21,566.20 3,016.93
19 HSI Index 30,280.12 24,540.63 196.99 0.76 10.14 10.43 1.15 1.13 16,859.96 2,149.68
20 HSCEI Index 11,881.68 9,731.89 58.22 0.58 8.12 8.16 1.07 1.04 11,854.83 1,511.52
21 SENSEX Index 40,312.07 33,291.58 2,237.08 6.20 26.52 20.57 2.88 2.70 68,404.00 960.62
22 NIFTY Index 12,103.05 10,004.55 497.35 4.58 24.36 19.73 2.83 2.64 84,304.95 1,183.93
23 JCI Index 6,636.33 5,623.84 (139.07) (2.25) 19.10 15.40 2.07 2.17 6,977,074.64 491.20
24 LQ45 Index 1,059.65 871.05 (40.99) (4.17) 15.56 14.81 2.33 2.22 4,459,693.87 313.97
25 KSE100 Index 42,243.83 28,670.98 (4,703.32) (12.69) 7.86 5.80 1.07 0.90 5,536.36 35.42
26 NKY Index 24,260.63 18,948.58 1,297.19 6.48 15.26 15.66 1.63 1.55 360,670.86 3,367.29
27 NEY Index 363.64 284.63 16.92 5.62 13.07 11.54 1.05 1.00 424,591.18 3,964.07
28 TPX Index 1,824.10 1,408.89 70.17 4.70 13.71 12.81 1.14 1.11 607,980.09 5,676.22
29 FBM KLCI Index 1,799.80 1,572.03 (115.68) (6.84) 19.07 16.41 1.59 1.44 1,011.21 241.08
30 NZSE Index 1,892.54 1,488.82 279.17 18.23 26.71 24.53 2.19 1.61 152.69 95.57
31 PCOM P Index 8,419.59 6,790.58 144.66 1.94 17.09 16.42 1.96 1.87 9,546.98 183.63
32 FSSTI Index 3,415.18 2,955.68 34.69 1.13 11.54 12.46 1.04 1.06 539.33 389.49
33 KOSPI Index 2,341.55 1,891.81 (9.13) (0.45) 13.24 13.19 0.81 0.86 1,310,289.85 1,086.03
34 TWSE Index 11,097.00 9,319.28 1,090.72 11.21 17.16 16.44 1.66 1.71 32,824.06 1,057.14
35 SET Index 1,757.43 1,546.62 49.76 3.18 18.16 16.28 1.78 1.78 16,618.07 543.11
36 SET50 Index 1,164.72 1,031.45 27.35 2.62 17.74 16.49 2.03 1.89 11,478.23 375.13
37 VNINDEX Index 1,024.68 861.85 98.65 11.05 16.90 16.64 2.43 2.66 3,353,161.17 144.50
A sia/ P acif ic
A merica
52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)
Euro pe
H IGH LOW P OIN T %T railing
12M2019E
T railing
12M2019E
D o main
C urrencyUSD
4
LQ45
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
LQ45 Index
HIGH LOW POINT %Trailing
12M2019E
Trailing
12M2019E
1 ADRO IJ 1,270 1,870 1,010 55 4.53 5.51 6.88 0.76 0.73 40,622,172
2 AKRA IJ 3,760 5,875 3,290 (530) (12.35) 20.79 15.40 1.83 1.73 15,095,253
3 ANTM IJ 920 1,175 595 155 20.26 24.68 16.93 1.12 1.07 22,108,304
4 ASII IJ 6,450 8,775 6,250 (1,775) (21.58) 12.38 11.89 1.87 1.73 261,118,918
5 BBCA IJ 30,250 31,450 22,175 4,250 16.35 27.32 25.71 4.67 4.32 738,355,912
6 BBNI IJ 6,925 10,250 6,675 (1,875) (21.31) 8.48 8.13 1.13 1.08 129,141,946
7 BBRI IJ 3,930 4,730 2,870 270 7.38 14.29 13.59 2.55 2.38 484,749,033
8 BBTN IJ 1,925 2,860 1,920 (615) (24.21) 7.59 7.82 0.83 0.82 20,385,750
9 BMRI IJ 6,525 8,175 6,175 (850) (11.53) 11.55 11.02 1.64 1.54 304,500,000
10 BRPT IJ 1,005 1,105 316 527 110.25 119.75 70.77 5.31 2.28 89,455,340
11 BSDE IJ 1,350 1,580 930 95 7.57 8.62 10.56 0.90 0.88 25,983,040
12 BTPS IJ 3,260 3,660 1,595 1,465 81.62 25.08 20.14 6.28 4.90 25,114,062
13 CPIN IJ 5,150 8,825 4,190 (2,075) (28.72) 21.96 23.78 4.40 3.99 84,449,700
14 CTRA IJ 1,045 1,335 760 35 3.47 14.88 18.37 1.34 1.28 19,395,517
15 ERAA IJ 1,710 2,590 965 (490) (22.27) 10.63 11.91 1.18 1.05 5,454,900
16 EXCL IJ 3,450 3,660 1,875 1,470 74.24 - 66.29 1.98 1.93 36,873,463
17 GGRM IJ 50,850 100,975 50,400 (32,775) (39.19) 11.49 10.44 2.20 1.99 97,839,875
18 HMSP IJ 2,240 4,080 2,190 (1,470) (39.62) 18.39 17.72 9.15 7.08 260,552,492
19 ICBP IJ 12,200 12,550 8,300 1,750 16.75 29.25 28.32 6.24 5.97 142,275,278
20 INCO IJ 3,330 4,320 2,410 70 2.15 444.14 46.90 1.25 1.42 33,088,008
21 INDF IJ 7,675 8,050 5,500 225 3.02 14.16 14.41 1.93 1.86 67,389,773
22 INDY IJ 1,305 2,870 1,155 (280) (17.67) 29.60 6.56 0.52 0.51 6,799,301
23 INKP IJ 6,275 16,650 5,325 (5,275) (45.67) 6.13 - 0.62 - 34,330,418
24 INTP IJ 17,825 22,875 15,475 (625) (3.39) 45.86 40.45 3.00 2.78 65,617,955
25 ITMG IJ 12,150 27,100 11,700 (8,100) (40.00) 4.09 6.25 1.05 1.08 13,728,589
26 JPFA IJ 1,535 3,100 1,280 (615) (28.60) 9.49 10.85 1.85 1.69 18,000,293
27 JSMR IJ 5,575 6,450 3,800 1,295 30.26 18.25 19.10 2.29 2.15 40,462,632
28 KLBF IJ 1,670 1,690 1,240 150 9.87 31.32 29.98 5.34 4.88 78,281,454
29 LPPF IJ 3,520 7,325 2,940 (2,080) (37.14) 10.96 6.12 5.46 4.18 9,873,189
30 MEDC IJ 640 1,060 615 (45) (6.57) - 9.01 0.64 0.58 11,420,193
31 MNCN IJ 1,235 1,495 675 545 78.99 7.49 8.43 1.45 1.45 17,630,988
32 PGAS IJ 2,060 2,720 1,775 (60) (2.83) 16.50 6.31 1.40 1.26 49,937,507
33 PTBA IJ 2,240 5,025 2,240 (2,060) (47.91) 5.43 5.70 1.55 1.39 25,806,277
34 PTPP IJ 1,640 2,550 1,330 (165) (9.14) 7.35 6.27 0.79 0.69 10,167,832
35 PWON IJ 615 815 432 (5) (0.81) 10.66 11.32 2.17 1.94 29,618,155
36 SCMA IJ 1,165 2,030 1,135 (705) (37.70) 11.98 11.16 3.43 3.17 17,205,629
37 SMGR IJ 10,950 14,450 8,550 (550) (4.78) 25.06 31.82 2.15 2.04 64,950,144
38 SRIL IJ 306 378 306 (52) (14.53) 4.77 4.31 0.77 - 6,258,366
39 TKIM IJ 10,175 14,450 5,575 (925) (8.33) 11.00 - 1.68 - 31,677,050
40 TLKM IJ 4,200 4,500 3,412 502 13.59 20.38 19.36 4.43 3.87 416,061,310
41 TPIA IJ 8,300 9,350 4,300 2,375 40.08 104.30 97.42 5.88 5.85 148,018,218
42 UNTR IJ 20,200 35,525 19,650 (7,150) (26.14) 6.72 6.79 1.37 1.26 75,348,730
43 UNVR IJ 45,450 50,525 38,900 50 0.11 37.39 46.78 68.33 51.69 346,783,500
44 WIKA IJ 1,880 2,500 1,095 225 13.60 8.01 8.41 1.10 1.02 16,863,509
45 WSKT IJ 1,540 2,230 1,415 (140) (8.33) 10.61 6.21 1.16 1.02 20,903,885
MARKET CAP
(Mn)LQ45 Index
CHANGE YTD PER (x) PBV (x)
2-Oct-19
52-WEEK
5
Macro data
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
D escript io n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%)
Property (1.45) (0.68) (1.17) 9.24
Basic Industry (1.41) (2.43) (5.45) (2.17)
Trade (1.06) (0.55) (1.27) 0.88
Finance (1.55) (1.60) (2.10) 3.67
M iscellaneous Industry (1.43) (0.35) (0.83) (17.67)
Consumer (1.16) (1.35) (8.08) (15.45)
Infrastructure (1.04) (1.21) (0.59) 12.85
Agriculture (0.91) (0.48) (0.09) (13.00)
M ining (1.80) (4.07) (5.06) (12.50)
Sep-19 A ug-19
2.20 3.61
3.39 3.49
-0.27 0.12
126.40 125.90
F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%)
USD/IDR 14,197.00 - 0.22 1.36
USD/CNY 7.15 (0.36) 0.33 (3.77)
USD/EUR 0.91 (0.01) 0.12 4.61
USD/JPY 107.08 0.09 (1.06) 2.44
USD/SGD 1.38 0.01 0.47 (1.52)
USD/AUD 1.49 (0.07) 0.74 5.00
USD/GBP 0.81 0.02 (1.74) 3.74
( in %)
6.15
0.91
1.46
6.69
7.28
7.71
Inflation M oM (in %)
Foreign Reserves (in USD bn)
Secto rs
Eco no mic Indicato rs
Inflation YTD (in %)
Eco no mic P arameters
Inflation YoY (in %)
Indonesia 5-Year Government Bonds Yield
Indonesia 10-Year Government Bonds Yield
Indonesia 15-Year Government Bonds Yield
Lending and D epo sit R ates
JIBOR (in IDR)
LIBOR (in GBP)
SIBOR ( in USD)
Technical Corner
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
JCI : MELEMAH
Last price : 6.055
Support : 6.033, 6.010
Resistance : 6.080, 6.100
JCI pada hari ini kami perkirakan akan bergerak MELEMAH dengan range 6.010 - 6.100. JCI belum berhasilbertahan diatas Support Trendline 6.100 dan berpeluang menguji Support 6.033 dan 6.010. Namun, jika JCIberhasil breakout 6.100 akan mencoba Resistance 6.135 dan 6.161. Indikator Indikator Stoc osc dan MACDmengindikasikan pola Downtrend.
Jakarta Composite Index (JCI)
Summary of portfolio:Stock Recommendation Comment
TLKM REDUCE TLKM berhasil break support 4.190 sebagai Level Stop Loss, TLKM masihberpeluang melanjutkan pelemahan dengan menguji Support 4.160 dan 4.110.
ACES REDUCE ACES berhasil break Support 1.705 dan berpeluang melanjutkan pelemahandengan menguji Support 1.690 dan 1.675.
SCMA HOLD Entry point 1.180 (02/10) sudah tercapai. SCMA belum berhasil bertahandiatas Resistance 1.195, berpeluang menguji support 1.145 dan 1.125.
ICBP TAKE PROFIT ICBP berhasil breakaout Resistance 12.125 dan berpeluang melanjutkanpenguatan dengan menguji mencoba Resistance 12.300 dan 12.500.
Telekomunikasi Indonesia Tbk ( TLKM )
Ace Hardware Indonesia Tbk (ACES)
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
TLKM : REDUCE
Last price : 4.200Stop loss : 4.190 (-2.1%)
TLKM berhasil break support 4.190 sebagai Level Stop Loss, TLKM masih berpeluang melanjutkan pelemahan denganmenguji Support 4.160 dan 4.110. Namun, jika TLKM bertahan pada Resistance 4.220 berpeluang mencobaResistance 4.280 dan 4.320. Indikator MACD dan Stoc osc mengindikasikan pola Downtrend.
ACES : REDUCE
Last price : 1.750Stop loss : 1.705 (-1.4%)
ACES berhasil break Support 1.705 sebagai level Stop Loss, ACES masih berpeluang melanjutkan pelemahan denganmenguji Support 1.720 dan 1.690. Namun, jika ACES bertahan diatas Resistance 1.755 akan mencoba Resistance1.770 dan 1.795. Indikator MACD dan Stoc osc masih mengindikasikan pola Downtrend. .
Support : 4.160, 4.110Resistance : 4.280, 4.320
Support : 1.720, 1.705Resistance : 1.770 1.795
SCMA : HOLD
Last price : 1.165Target price : 1.275 (8.1%)Stop loss : 1.145 (-3.0%)
Entry point 1.180 (02/10) sudah tercapai. SCMA belum berhasil bertahan diatas Resistance 1.180, berpeluang mengujiSupport 1.145 dan 1.135. Namun, Jika SCMA bertahan diatas Resistance 1.180, berpeluang mencoba Resistance1.195 dan 1.235. SCMA dilihat dari indikator MACD mengindikasikan pola Downtrend dan Stoc osc mengindikasikanpola Uptrend.
ICBP : TAKE PROFIT
Last price : 12.200Target price : 12.500 (4.4%)Stop loss : 11.725 (-2.1%)
ICBP berhasil breakout Resistance 12.125 dan berpeluang melanjutkan penguatan dengan menguji mencobaResistance 12.300 dan 12.500. Namun, jika ICBP breakdown Support 12.050 akan menguji support 11.875 dan11.700. ICBP dilihat dari indikator Stochastic mengindikasikan pola Downtrend dan Indikator MACD mengindikasikanpola Refersal.
Support : 1.145, 1.135Resistance : 1.180, 1.195
Support : 12.050, 11.875Resistance : 12.300, 12.500
Indofood CBP Sukses Makmur Tbk (ICBP)
Surya Citra Media Tbk (SCMA)
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
PT Sinarmas Sekuritas
Sinarmas Land Plaza Tower 3, 6th Fl.
Jl. M. H. Thamrin no. 51
Tel: +62 21 392 5550
Fax: +62 21 392 5540
www.sinarmassekuritas.co.id
Equity Research Team
HEAD OF RESEARCH
Evan Lie Hadiwidjaja
Banking, Automotive
Tel: +62 21 3925550 Ext: 615
DEPUTY HEAD OF RESEARCH
Wilbert
Consumer Goods, Plantation, Pulp and Paper
Tel: +62 21 3925550 Ext: 611
EQUITY ANALYST
Richard Suherman
Commodities
Tel: +62 21 3925550 Ext: 610
EQUITY ANALYST
Richardson Raymond
Property, Industrial Estate
Tel: +62 21 3925550 Ext: 159
EQUITY ANALYST
Paulina
Retail, Cement, Digital
Tel: +62 21 3925550 Ext: 610
EQUITY ANALYST
Anthony Angkawijaya
Construction, Infrastructure, Petrochemical
Tel: +62 21 3925550 Ext: 611
TECHNICAL ANALYST
Eddy Wijaya
Tel: +62 21 3925550 Ext: 159
DISCLAIMER
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 Seku-
ritas 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
will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates,
expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever
arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view
and are subject to change without notice. For further information please contact our number +62 21 392 5550 or fax +62 21 392 2320.