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Indonesia Market Today 05 November 2018

  • Regular
  • Asian Market
  • 1 week ago
  • 14

A. Indonesia Morning Market Review
Monday (05/11/2018). After the JCI rose sharply + 2.1% over the past week accompanied by Foreign Net Buy of IDR + 4.6 trillion amid the strengthening of the Rupiah, it seems that domestic investors need to be careful because there is a chance that the JCI will be corrected earlier this week referring to the fall of regional stock index, DJIA decline, Oil - 1.3% while waiting for Q3/2018 data of Indonesian GDP which estimates around 5.05% - 5.1% or decreases compared to Q2 / 2018 GDP of 5.27%.


B. Indonesia Corporate News
1. PT PT (PTPP)
Until the quarter of 3/2018, revenues of Rp14.78 trillion as of September 30, 2018, up from Rp13.76 trillion in the same period last year. Accordingly, the profit attributable to the owners of PTPP's parent entity was Rp.874.67 billion, down 11.65% on an annual basis.

2. PT Wijaya Karya Building (WEGE)
The company persuaded the increase in net profit until the third quarter of 2018 by 64.2% YoY to Rp 287.50 billion. The increase in net profit was driven by revenue growth (excluding the joint operation project / KSO) of 61.25% to Rp 3.87 trillion from Rp 2.40 trillion in the third quarter of 2017. The new WEGE contract until September 2018 has reached Rp 6, 41 trillion or 81.86% of the target set this year at Rp. 7.83 trillion. With the addition of a carry-over contract, the total book order (order book) until September 2018 becomes IDR 15.29 trillion or has reached 92.16% of the target.

3. PT Harum Energy (HRUM)
The company in the third quarter of 2018 earned revenues of US $ 232.96 million, down slightly by 2.33% from the same period last year of US $ 238.52 million. HRUM's net profit in the third quarter of 2018 fell 30.34% to US $ 22.73 million compared to the previous year's period of US $ 32.63 million. This year the company also targets coal production of 4.5 million tons.

4. PT Bayu Buana (BAYU)
The company scored a revenue growth of 10.52% in the third quarter of 2018 to Rp 1.47 trillion compared to revenues in the same period last year of Rp 1.33 trillion. The current year's profit attributable to the holding of the parent entity amounted to Rp. 22.93 billion, up 9.29% from the previous year worth Rp. 20.98 billion.

5. PT Martina Berto (MBTO)
The company posted a decline in revenue of 26% yoy from Rp 505.01 billion in the third quarter of 2017 to Rp 382.63 billion in the third quarter of 2018 where MBTO's revenue declined due to the declining purchasing power of the public in the middle low segment . Meanwhile the net loss was cut to Rp 62.27 billion compared to the third quarter of 2017 which amounted to Rp 26.34 billion.


C. Market Statistics
DJIA -109.91 -0.43% 25270
NASDAQ -77.1 -1 04% 7356
GOLD -1.4 -0.11% 1234.6
OIL -0.83 -1.3% 62.86
COAL (Nov / Newcastle) + 0.55 + 0.53% 103.4
COAL (Nov / Rotterdam) +0.75 + 0.79% 96.1
NICKEL +95 + 0.8% 11937
TIN +2.5 + 0.01% 19110
CPO (Nov) +8 + 0.37% 2152
EIDO +0.04 + 0.18% 22.87
US 10yr +0.06 + 2.23% 3,214
INDO 10yr -0.1291 -1.48% 8.5719
INDO CDS -7.2 -4.57% 150.41
TLK 51.6 (3858)
IDR (Spot) 14955
IDR (Investing, 03/11/18 / Fut, 06.00) 14925

IDX Range. : 5,854 - 5,925
USD / IDR Range: 14,920 - 15,000


D. Stock Picks
1. BBCA
52Week Price Range: 20350 - 25475
Monthly RLine: 26534 - 25367 - 24509
Monthly PP: 23342
Monthly SLine: 22484 - 21317 - 20459
Summary: STRONG BUY

2. ASII
Daily Price Range: 8050 - 8200
Daily RLine: 8250 - 8150 - 8100
Daily PP: 8000
Daily SLine: 7950 - 7850 - 7800
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3880 - 3940
Daily RLine: 3974 - 3927 - 3904
Daily PP: 3857
Daily SLine: 3834 - 3787 - 3764
Summary: STRONG BUY

Smart Trend Team (GR)

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