img-news

Indonesia Market Today - 17 December 2018

  • Regular
  • Asian Market
  • 1 month ago
  • 21

Monday (17/12/2018). Last week ,the JCI rose + 0.71% but foreign investors posted Net Sell of IDR 2.33 trillion, at the beginning of this week the JCI has the potential to be hit by SELL PRESSURE following the DJIA drop -2.02%, EIDO -1.13%, Oil -2.62%, Gold -0.42%, -0.36% tin and the fall of the Regional Exchange this Monday morning.


B. Indonesia Corporate News
1. PT Harum Energy (HRUM)
The Company in 2019 will increase coal production by 16.37% to 5 to 5.5 million tons of coal greater than the 2018 production target of 4.5 to 5.25 million tons. In 2019 the company prepares capital expenditure of US $ 8 million.

2. PT Sawit Sumbermas Sarana (SSMS)
The company will soon inaugurate and operate three palm oil mills. The three palm oil mills are the Miza Mill factory in April 2019, the Kinamit plant in September 2019, and the Sungai Kuning factory in January 2020. In 2018, SSMS provided a capex of Rp. 677 billion. However, as of November 2018 only 43% has been realized or around Rp. 291.67 billion. For 2019, the company allocates capex of Rp 550 - Rp 600 billion.

3. PT Prodia Widyahusada (PRDA)
The company targets a net profit growth of up to 20% in 2019. In 2019 the company prepares capex of around Rp 300 billion with details of 67% used for the development of outlets, relocation and establishment, around 19% for technology development and the remaining 14% for working capital.

4. PT Ultrajaya Milk Industry & Trading Company (ULTJ)
The 2019 company prepares capex funds worth Rp 65 billion to complete business expansion, replace production machinery and build offices.

5. PT Island Concept Indonesia (ICON)
The company targets revenues and profits worth Rp188 billion and Rp6 billion respectively in the coming 2019, down from projections of income and profits by the end of 2018 which are estimated at Rp215 billion and Rp.18.5 billion respectively. The decrease in revenue next year is due to the termination of the contract of the subsidiary business in the area of ​​facility management with JLL whose value is material, reaching Rp40 billion per year.


C. Market Statistics
DJIA -496.87 -2.02% 24100
NASDAQ -159.67 -2.26% 6910
GOLD -5.2 -0.42% 1242.2
OIL -1.38 -2.62% 51.20
COAL (Dec/Newcastle) +0.1 +0.1% 102.3
COAL (Dec/Rotterdam) +0.8 +0.91% 88.5
NICKEL +177.5 +1.63% 11037.5
TIN -70 -0.36% 19377.5
CPO (Feb) +24 +1.17% 2068
EIDO -0.28 -1.13% 24.84
US 10yr -0.0200 -0.69% 2.891
INDO 10yr -0.16 -0.19% 8.2562
INDO CDS 5yr +3.765 +2.85% 135.7
TLK 53.62 (3886)
IDR (Spot) 14581
IDR (Investing, 15/12/18/Fut, 06.00) 14605

IDX Range.      :  6,116 - 6,188
USD/IDR Range: 14,540 - 14,610


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: 9900 - 10325
Daily RLine: 10266 - 10108 - 9966
Daily PP: 9808
Daily SLine: 9666 - 9508 - 9366
Summary: STRONG BUY

3. JSMR
Daily Price Range: 4560 - 4680
Daily RLine: 4720 - 4660 - 4620
Daily PP: 4560
Daily SLine: 4520 - 4460 - 4420
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)
Disclaimer On