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Indonesia Market Today 04 December 2018

  • Regular
  • Asian Market
  • 6 months ago
  • 91

A. Indonesia Morning Market Review
Tuesday (04/12/2018). Instead the DJIA was expected to rise by 400 points on Monday, but it only rose 287.97 points because the temporary suspension of the 10% to 25% tariff increase for the value of US $ 200 billion was considered illogical by market participants because only 90 days could be done to make details of the agreement between the two countries and the price-in becomes part of the Santa Rally in December.

In addition, domestic investors need to be aware of the PROFIT TAKING action because Monday's JCI increase of 62.2 points was actually USED by foreign investors to book a sell net of around Rp 777 billion.


B. Indonesia Corporate News
1. PT Wijaya Karya (WIKA)
The company is optimistic that by the end of this year a contract of IDR 58 trillion can be reached. With this achievement, the company estimates revenue to grow 20% this year. Meanwhile, next year the company targets a new contract of Rp 70 trillion because next year the company will still work on several projects such as LRT and MRT. For 2019 the company budgeted 30% of capital expenditure from the company's equity funds of IDR 20 trillion. While the company predicts revenue will grow by Rp 38 trillion to Rp 39 trillion until the end of this year and net profit increases by Rp 2 trillion, for next year each of the revenue and targeted profits will increase by 20 percent.

2. PT Aneka Tambang (ANTM)
The company achieved net profit for the period of January-September this year reaching Rp 631.12 billion, even though the same period last year the company suffered a net loss of Rp 331.47 billion. ANTM's operating profit reached Rp 1.93 trillion, up 73% compared to the previous year's operating profit of Rp 232.89 billion. Net sales recorded by ANTM also surged 187% compared to the previous year to Rp 19.95 trillion. In 2019, ANTM's performance was anticipated to be getting better along with the operation of the ferronickel smelter in East Halmahera with a production capacity of 13,500 tons per year. As for gold, at the end of 2018 it is predicted to reach 26 tons of sales, so that in 2019 the target will be increased by 10 percent to 30 tons of gold sales.

3. PT Asia Pacific Fibers (POLY)
The company targets sales to grow by around 10-12 percent or around US $ 480 million this year. While up to the third quarter of 2018, the company said sales growth of 24.30 percent to US $ 356.35 million from the same period in the previous year of US $ 286.68 million. This year, the largest contribution of polyester filament products reaches 45% -50% of total revenue. Then, staple polyester fiber is around 30% -35% of total revenue. Finally, polystee chips products with a percentage of around 20% -25% of total revenue.

4. PT Metropolitan Land (MTLA)
The company's marketing sales value until November 2018 has reached Rp 2 trillion from the year-end target of Rp 2.1 trillion in estimation. While the marketing sales target for 2019 rose to around Rp 2.2 trillion, where the increase still relied on sales of land, property, and recurring property revenues.


C. Market Statistics
DJIA +287.97 +1.13% 25826
NASDAQ +110.98 +1.51% 7441
GOLD +8.9 +0.72%% 1236.5
OIL +2.39 +4.71% 53.11
COAL (Dec/Newcastle) -0.45 -0.44% 102.45
COAL (Dec/Rotterdam) +0.1 +0.12% 86.5
NICKEL +100 +0.9% 11197.5
TIN +430 +2.33% 18860
CPO (Dec) +22 +1.08% 2061
EIDO +0.54 +2.18% 25.26
US 10yr -0.021 -0.7% 2.992
INDO 10yr +0.0037 +0.05 % 8.0346
INDO CDS -5.425 -3.84% 135.7
TLK 52.04 (3706)
IDR (Spot) 14244
IDR (Investing, 04/12/18/Fut, 04.30) 14320

IDX Range.      :  6,078 - 6,150
USD/IDR Range: 14,220 - 14,325


D. Stock Picks
1. BBCA
52Week Price Range: 20350 - 25500
Monthly RLine: 26534 - 25367 - 24509
Monthly PP: 23342
Monthly SLine: 22484 - 21317 - 20459
Summary: STRONG BUY

2. ASII
Daily Price Range: 8375 - 8625
Daily RLine: 8741 - 8658 - 8566
Daily PP: 8483
Daily SLine: 8391 - 8308 - 8216
Summary: STRONG BUY

3. ICBP
Daily Price Range: 9675 - 9875
Daily RLine: 10600 - 10150 - 9925
Daily PP: 9475
Daily SLine: 9250 - 8800 - 8575
Summary: STRONG BUY

Smart Trend Team (GR)
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