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Indonesia Market Today 07 November 2018

  • Regular
  • Asian Market
  • 1 week ago
  • 24

A. Indonesia Morning Market Review
Wednesday (07/11/2018). Factors in strengthening the Rupiah against the USD after November 1, 2018 Bank Indonesia introduced a Domestic Non Deliverable Forward Transaction (DNDF) along with 11 banks namely Bank Mandiri, BNI, BRI, BCA, HSBC, Maybank, Deutche Bank, Standard Chartered Bank, Permata Bank, NISP , and UOB worth around USD 90 million and the strengthening of the DJIA + 0.69% and EIDO + 0.95% to be a factor in the JCI which is likely to strengthen again this Wednesday trading. On the other hand, investors are waiting for CAD data for the quarter of 3/2018 to be released on November 9, which is estimated to reach -3.5% as well as the latest Cadev data in Indonesia.

The lowest growth of the last 5 years of managed mutual fund.
Based on OJK data processed, the growth of funds managed by the mutual fund industry this year slowed, even the lowest in the last 5 years along with the volatility of the capital market. As of October 2018, the investment fund managed by the mutual fund industry was only 8.34 percent, reaching Rp.495.66 trillion. Meanwhile, in the same period last year, total industry-managed funds increased by 26.5%.


B. Indonesia Morning Market Review
1. PT Nusantara Pelabuhan Handal (PORT)
The Company scored a loss that could be distributed to the owner of the parent entity amounting to Rp13.02 billion until September 30, 2018 from a profit of Rp.37.67 billion in the same period the previous year. Revenues fell to Rp750.96 billion from revenues of Rp.797.08 billion a year earlier and gross profit fell to Rp286.32 billion from gross profit of Rp382.17 billion a year earlier.

2. PT Electronic City (ECII)
The company posted revenues of Rp1.45 trillion as of September 30, 2018, up from Rp1.29 trillion in the same period the previous year. Profit before tax was IDR13.51 billion after recording a pre-tax loss of IDR14.02 billion and net profit of IDR13.51 billion after recording a net loss of IDR14.02 billion a year earlier.

3. PT Indomobil Multi Jasa (IMJS)
The company as of September 30, 2018 has printed revenues of Rp1.59 trillion, up from revenues of Rp1.35 trillion in the same period the previous year. Profit before income tax expense was reached IDR 147.10 billion, up from profit before income tax of IDR 120.25 billion a year earlier. The current period profit that can be distributed to the owner of the parent entity reached IDR 11.51 billion, up from IDR 88.41 billion profit until September of the previous year.

4. PT Verena Multi Finance (VRNA)
As of September 2018, the company scored Rp. 177.98 billion in revenue, down 26.7% from last year. The decrease was also followed by the company's profit performance which was minus Rp 171.26 billion, even though in September last year there was still a profit of Rp 4.04 billion.

5. PT Indika Energy (INDY)
The company targets premium coal production to reach 1.2 million-1.3 million tons by the end of 2018. As of September 2018, MUTU sells coal totaling 0.7 million tons, up from the first 9 months of 2017 of 0.3 million tons. The revenue contribution from this premium product also jumped 156.8% yoy to US $ 65.3 million. Meanwhile the volume of production and sales of Kideco Jaya Agung coal is expected to reach 34 million tons this year. As of September 2018, Kideco's sales reached 26.1 million tons and generated revenues of US $ 1.41 billion.


C. Market Statistics
DJIA +173.31 + 0.68% 25635
NASDAQ +47.11 + 0.64% 7375
GOLD -5.5 -0.46% 1227.7
OIL -0.47 -0.75% 62.23
COAL (Nov / Newcastle) +0.1 + 0.1% 103.5
COAL (Nov / Rotterdam) -1.6 -1.68% 93.4
NICKEL +50 + 0.43% 11792.5
TIN -25 -0.13% 19015
CPO (Nov) Closed 2124
EIDO +0.22 + 0.95% 23.39
US 10yr +0,013 + 0.41% 3,214
INDO 10yr -0.0136 -0.16% 8.4459
INDO CDS -2.425 -1.61% 148.37
TLK 52.56 (3890)
IDR (Spot) 14804
IDR (Investing, 06/11/18 / Fut, 04.55) 14790

IDX Range. : 5,905 - 5,975
USD / IDR Range: 14,770 - 14,850


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: 7975 - 8250
Daily RLine: 8516 - 8383 - 8316
Daily PP: 8183
Daily SLine: 8116 - 7983 - 7916
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3820 - 3930
Daily RLine: 3976 - 3943 - 3916
Daily PP: 388
Daily SLine: 3856 - 3823 - 3796
Summary: BUY

4. ELSA
Daily Price Range: 360 - 370
Daily RLine: 380 - 376 - 370
Daily PP: 366
Daily SLine: 360 - 356 - 350
Summary: BUY

Smart Trend Team (GR)

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