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Indonesia Market Today 06 November 2018

  • Regular
  • Asian Market
  • 1 week ago
  • 18

A. Indonesia Morning Market Review
Tuesday (06/11/2018). The combination of strengthening DJIA + 0.76% and EIDO + 1.31% amid falling Nickel prices -1.63%, Oil -0.25%, Tin -0.37%, Gold -0.12% and CPO --1.3%, we estimates the pattern of trade is still like yesterday, JCI is still have opportunities to strengthen (limited) in this Tuesday trade. Investors are waiting for the economic data of Current Account Deficit (CAD) in the 3/2018 quarter which is estimated to reach -3.5% and the latest Cadev data in Indonesia.


B. Indonesia Corporate News
1. PT Waskita Karya (WSKT)
After the Q3 / 2018, the company posted revenue of IDR 36.23 trillion, up 26.98% on an annual basis in the III / 2018 quarter. Meanwhile, net profit pocketed Rp3.72 trillion, up 40.04% from the same period last year. So the company projects operating revenues will still grow by around 19% on an annual basis by the end of 2018. Meanwhile, net profit is expected to grow by around 6% -7% of the achievement in the same period last year.

2. PT Gozco Plantations (GZCO)
The company booked a net loss for the year that could be distributed to the owners of the parent entity amounting to Rp162.90 billion as of September 30, 2018, up from a loss of Rp145.73 billion in the same period the previous year. Net sales fell to Rp.413.07 billion from net sales of Rp.442.34 billion a year earlier.
The gross loss was IDR58.51 billion after gross profit of IDR16.27 billion a year earlier and the pre-tax loss rose to IDR217.20 billion from the pre-tax loss of IDR177.55 billion a year earlier.

3. PT Madusari Murni Indah (MOLI)
The company scored a net income of IDR 884.91 billion as of September 30, 2018, up from the net income of IDR 865.94 billion in the same period the previous year. Profit before tax was Rp112.39 billion, up from Rp101.58 billion in profit before tax in the previous year and the current year's profit that could be distributed to the owner of the parent entity was Rp.63.67 billion, up slightly from profit of Rp.63.43 billion in September of the previous year.

4. PT Fast Food Indonesia (FAST)
The company experienced a decline in profit to IDR96.77 billion as of September 30, 2018 from a profit of IDR104.59 billion in the same period the previous year due to the recorded tax burden of IDR25.61 billion after obtaining tax benefits of IDR4.21 billion the previous year. Revenues increased to IDR 4.43 trillion from IDR 3.89 trillion and gross profit rose to IDR 2.75 trillion from gross profit of IDR 2.42 trillion the previous year.

5. PT Garuda Asia Facility Maintenance Aero (GMFI)
After the holding company GIAA reported a loss of around IDR 1.74 trillion to Q3 / 2018, now it is the turn of its GMFI subsidiary until the third quarter of 2018 to record a decrease in net profit of around 29.3% compared to the same period in 2017 where net income GMFI as of September 31, 2018 reached US $ 26.97 million while last year in the same period amounted to US $ 38.15 million.


C. Market Statistics
DJIA +190.9 + 0.76% 25462
NASDAQ -28.1 -0.38% 7329
GOLD -1.4 -0.11% 1233.2
OIL -0.16 -0.25% 62.70
COAL (Nov / Newcastle) + 0.5 + 0.48% 103.4
COAL (Nov / Rotterdam) -1.1 -1.14% 95
NICKEL -195 -1.63% 11742.5
TIN -70 -0.37% 19040
CPO (Nov) -28 -1.3% 2124
EIDO +0.3 + 1.31% 23.17
US 10yr -0,013 -0.4% 3.201
INDO 10yr -0.1124 -1.31% 8.4595
INDO CDS +0.385 + 0.26% 150,795
TLK 52.2 (3910)
IDR (Spot) 14976
IDR (Investing, 05/11/18 / Fut, 04:45) 14931

IDX Range. : 5,870 - 5,960
USD / IDR Range: 14,930 - 15,010


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 - 8250
Daily RLine: 8384 - 8292 - 8234
Daily PP: 8142
Daily SLine: 8084 - 7992 - 7934
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3850 - 3910
Daily RLine: 4020 - 3980 - 3960
Daily PP: 3920
Daily SLine: 3900 - 3860 - 3840
Summary: STRONG BUY

Smart Trend Team (GR)

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