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Indonesia Market Today 08 November 2018

  • Regular
  • Asian Market
  • 1 month ago
  • 41

A. Indonesia Morning Market Review
Thursday (08/11/2018). Sharp increase of DJIA + 2.13%, EIDO + 2.93%, Coal + 1.95%, appreciation of the Rupiah against the USD and the strengthening of the Asian Stock Exchange this morning were catalysts for the JCI to continue to RISE. We predict that JCI will test the 6000 level in trading today. Meanwhile, we wait for data of Current Account Deficit (CAD) quarter 3/2018 which will be published on November 9 which is expected to be wider than CAD Q2 / 2018 of -3.04%.


B. Indonesia Corporate News
1. PT HK Metals Utama (HKMU)
The company in the September 30, 2018 period experienced a sales increase of 73.7% to around IDR 608 billion compared to the September 30 2017 period of around IDR 350 billion. HKMU holding itself contributed 23.6% or around Rp143 billion to consolidated sales with an increase of 89.6% compared to the previous period. The largest contribution to consolidated sales came from the Subsidiary Entity of PT Hakaru Metalindo Perkasa which is an aluminum distributor company of 51.5% or around Rp51.5 billion with an increase of 46.5% compared to the previous period. The Company's comprehensive profit in the 30 September 2018 period increased 187.4% or around Rp53.2 billion compared to the previous period of around Rp18.5 billion.
PT Handal Aluminum Sukses, an aluminum production company in Cirebon, which has just produced in October 2017 has recorded sales of 11.7% or Rp71 billion from consolidated sales.

2. PT Mahaka Media (ABBA)
As of September 2018 ABBA posted net sales of Rp152.61 billion, down 21.55% compared to the same period the previous year valued at Rp194.53 billion. The Company posted current year losses which were attributable to the owners of the parent entity amounting to Rp.6.9 billion in the period ended September 2018, swelling from the September 2017 figure of around Rp350.19 million.


C. Market Statistics
DJIA +545.3 + 2.13% 26180
NASDAQ +194.8 + 2.64% 7570
GOLD -0.7 -0.06% 1227
OIL -0.56 -0.84% ​​61.67
COAL (Nov / Newcastle) +1.95 + 1.88% 105.45
COAL (Nov / Rotterdam) +0.1 + 0.11% 93.5
NICKEL -22.5 -0.19% 11770
TIN +55 + 0.29% 19070
CPO (Nov) -14 -0.66% 2110
EIDO +0.68 + 2.91% 24.05
US 10yr -0.001 -0.03% 3,213
INDO 10yr -0.0899 -1.06% 8.3560
INDO CDS -4,115 -1.45% 144,255
TLK 54.2 (3954)
IDR (Spot) 14590
IDR (Investing, 08/11/18 / Fut, 04:25) 14573

IDX Range. : 5,907 - 6,018
USD / IDR Range: 14,540 - 14,615


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 - 8325
Daily RLine: 8516 - 8383 - 8241
Daily PP: 8108
Daily SLine: 7966 - 7833 - 7691
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3870 - 3950
Daily RLine: 4050 - 3990 - 3940
Daily PP: 3880
Daily SLine: 3880 - 3770 - 3720
Summary: STRONG BUY

Smart Trend Team (GR)

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