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Indonesia Market Today - 13 December 2018

  • Regular
  • Asian Market
  • 3 months ago
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A. Indonesia Morning Market Review
Thursday (13/12/2018). DJIA moved wildly last night after briefly rising +458 points in the trade war response, but because this is still in the negotiation stage, at the end of the session the DJIA closed only rose +157 points (+ 0.64%) amid rising EIDO +1 , 56%, Nickel + 0.35% & Tin + 1.47% and the strengthening of the Regional Exchange Index this morning is a factor in the prediction for JCI to strenghten today.

Growth of Profits of 10 Big Banks in October 2018 Slows. Based on the unaudited monthly financial report of October 2018 as many as 10 major banks, namely: BBRI, BMRI, BBCA, BBNI, BBTN, BNGA, PNBN, NISP, BNII and BNLI recorded the realization of net profit of Rp 89.4 trillion (+ 12.55% ) YoY. But it will slow down compared to October 2017 which was 16.8% yoy. This slowdown was caused by a decrease in bank operating costs in October 2018 which was lower by 3.21% yoy compared to the same period in 2017 of 9.44% yoy.


B. Indonesia Corporate News
1. PT Wijaya Karya Building (WEGE)
The company targets profit next year to grow 20 percent compared to this year's achievement. WEGE this year revised its net profit target from Rp 425.7 billion to Rp 443 billion. If this year's target is reached, then the company's net profit growth compared to last year rose 49.8% from the realization in 2017 of IDR 295.75 billion. On the other hand WEGE targets new contracts to be 40% higher than this year's achievement. This year, WEGE targets a new contract of Rp. 7.83 trillion. As of September 2018 the building construction company has realized 82% of the target.

2. PT Bayan Resources (BYAN)
The company increased its share ownership in Kangaroo Resources Limited to 100% from 56.05% previously by issuing funds up to A $ 226.41 million for the acquisition. After this transaction, Kangaroo Resources will be delisted from the Australian Stock Exchange (ASX).

3. PT Bank Mandiri (BMRI)
The company said 2019 bank-only credit growth was predicted to be around 11.5% & securities were around 12% YoY. While in terms of NPL, BMRI sets a target in the range of 2.7% on a gross basis, lower than the prognosis for 2018 of 2.9%. For the last 2018 BMRI predicts credit will still grow 13% and that which will be the pillar of BMRI credit in 2019 is still the same as this year, namely large, micro and consumer corporations.

4. PT Superkrane Mitra Utama (SKRN)
In 2018 SKRN targets revenue growth of Rp 480 billion in 2017 to Rp 600 billion in 2018. While the achievement of net income is expected to grow from the acquisition of Rp 90 billion in 2017 to Rp 120 billion by the end of 2018.

5. PT Aneka Gas Industri (AGII)
The company targets income in 2019 to increase 12% compared to 2018. In 2019 the company prepares a maximum capex of IDR 300 billion to invest in marketing tools, around 10 gas filling stations, as well as 2 on-sites to increase production. For net income, the company predicts that in 2019 it will range from 4% to 5% of the company's total sales.


C. Market Statistics
DJIA +157.03 +0.64% 24527
NASDAQ +39 +0.64% 7115
GOLD +2.5 +0.2% 1250.55
OIL -0.52 -1% 51.21
COAL (Dec/Newcastle) -0.5 -0.5% 101.65
COAL (Dec/Rotterdam) +1 +1.15% 87.75
NICKEL +37.5 +0.35% 10785
TIN +280 +1.47% 19345
CPO (Feb) +17 +0.84% 2033
EIDO +0.38 +1.56% 24.77
US 10yr +0.027 +0.94% 2.9060
INDO 10yr +0.0141 +0.17% 8.3183
INDO CDS 5yr -4.19 -2.97% 136.78
TLK 49.8 (3705)
IDR (Spot) 14597
IDR (Investing, 13/12/18/Fut, 05.10) 14532

IDX Range.      :  6,079 - 6,151
USD/IDR Range: 14,560 - 14,670


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 - 9800
Daily RLine: 9850 - 9800 - 9750
Daily PP: 9700
Daily SLine: 9650 - 9600 - 9550
Summary: STRONG BUY

3. JSMR
Daily Price Range: 4420 - 4500
Daily RLine: 4700 - 4630 - 4540
Daily PP: 4470
Daily SLine: 4380 - 4310 - 4220
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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