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Indonesia Market Today - 11 December 2018

  • Regular
  • Asian Market
  • 1 month ago
  • 27

A. Indonesia Morning Market Review
Tuesday (11/12/2018). Again, Rupiah was depreciated against the USD (14550) and the price of crude oil fell -2.7%, nickel -1.57%, tin -0.2%, gold -0.36% amid the decline in the Regional Exchange this morning to be a negative factor for JCI to weaken today.

War of Interest Rate Leads to Unhealthy Condition for Banks. Special Rate Deposit Reaches 9% in the Market. The struggle for banking funds in the market is increasingly fierce. Not a few banks have begun to aggressively raise the deposit interest rate to secure liquidity before the end of 2018. There are several large banks, especially for the BUKU III and BUKU IV categories that are not reluctant to install a special rate deposit of 9% for one month and three tenors month. Even though the LPS said the BUKU IV special rate was 6.91% and BUKU III reached 7.17%. While BUKU II was 6.91% and BUKU I was perched at 6.9%.


B. Indonesia Corporate News
1. PT Express Transindo Utama (TAXI)
Pension Fund (Dapen) Mitra Krakatau filed a request for Delay of Debt Payment Obligations (PKPU) to TAXI. The application was filed because TAXI did not fulfill its obligation to pay interest on Express I / 2014 Bonds. In addition to Mitra Krakatau, in his petition, the legal counsel of Dapen Mitra Krakatau also joined 40 other holders of Express I / 2014 bonds as other creditors. If accumulated, they hold bonds worth Rp. 24.27 billion, with the bill originating from the payment of 16th and 17th bonds worth Rp. 1.48 billion.

2. PT PP Properti (PPRO)
The company will launch 4 new projects this year, to pursue the company's marketing sales target which has been set at IDR 3.8 billion at the end of this year. On December 9, PPRO launched a new apartment project in Babarsari Yogyakarta with a land area of ​​8,000 meters with an investment value of Rp 370 billion.

3. PT Pan Brothers (PBRX)
The company targets sales in 2019 to increase 15% -20% compared to 2018. The development of production capacity in the parent and subsidiaries is targeted to reach 96 million picis in the next year and plans to add clients.

4. PT Adhi Karya (ADHI)
The Company has received the payment realization of the two Phase I Jabodebek LRT projects worth IDR 2.5 trillion from PT Kereta Api Indonesia (Persero) as the manager of the Jabodebek LRT project. This payment is based on the progress of Jabodebek Phase I LRT work from October 2017 to June 2018. Furthermore, ADHI will receive the third payment plan referring to the progress of work from July 2018 to December 2018. Up to 30 November 2018 the progress of implementing LRT infrastructure construction Jabodebek Phase I has reached 51.1%.

5. PT Ace Hardware Indonesia (ACES)
The 2019 company allocates a capex of Rp 175 billion where the funds will be used to open around 20 new outlets where throughout the year 2018 the company has opened approximately 15 new outlets to 169 outlets.

6. PT Waskita Beton Precast (WSBP)
The company prepares capex of around Rp900 billion in 2019 for a number of company expansion plans, including: to expand or increase production capacity, supply chain acquisition, and information technology infrastructure.


C. Market Statistics
DJIA +34.31 +0.14% 24423
NASDAQ +51.27 +0.74% 7020
GOLD -4.5 -0.36% 1249.45
OIL -1.41 -2.7% 50.84
COAL (Dec/Newcastle) +0.1 +0.1% 102.65
COAL (Dec/Rotterdam) -0.1 -0.12% 86.45
NICKEL -172.5 -1.57% 10787.5
TIN -37.5 -0.2% 18952.5
CPO (Feb) +44 +2.2% 2042
EIDO -0.05 -0.2% 24.37
US 10yr +0.006 -0.21% 2.8560
INDO 10yr +0.0643 +0.79% 8.2386
INDO CDS 5yr +4.375 +3.1% 145.75
TLK 50.06 (3643)
IDR (Spot) 14553
IDR (Investing, 11/12/18/Fut, 04.50) 14584

IDX Range.      :  6,070 - 6,142
USD/IDR Range: 14,490 - 14,590


D. Stock Picks
1. BBCA
52Week Price Range: 20600 - 26975
Monthly RLine: 29900 - 28050 - 27050
Monthly PP: 25200
Monthly SLine: 24200 - 22350 - 21350
Summary: STRONG BUY

2. ICBP
Daily Price Range: 9550 - 9750
Daily RLine: 9959 - 9867 - 9784
Daily PP: 9692
Daily SLine: 9609- 9517 - 9434
Summary: STRONG BUY

3. JSMR
Daily Price Range: 4480 - 4570
Daily RLine: 4636 - 4613 - 4566
Daily PP: 4543
Daily SLine: 4496 - 4473 - 4426
Summary: STRONG BUY

4. HOKI
52Week Price Range: 322 - 1015
Monthly RLine: 979 - 912 - 784
Monthly PP: 717
Monthly SLine: 589 - 522 - 394
Summary: STRONG BUY

 

Smart Trend Team (GR)
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