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Indonesia Market Today 19 December 2018

  • Regular
  • Asian Market
  • 3 months ago
  • 49

A. Indonesia Morning Market Review
Wednesday (19/12/2018). After the DJIA fell sharply by more than -4.2% for 2 days, it turned out that the DJIA was only able to strengthen + 0.35% on Tuesday as the possibility of a government shutdown triggered investor anxiety ahead of the release of the Federal Reserve's policy decision. In other news, WTI prices, Crude oil fell sharply by almost -7% due to depressed economic unrest and a surge in supply from the United States (US) to Russia and a fall in Nickel-1.45% & Tin prices -0.49% to hinder the IHSG ES estimates that REBOUND is quite large in Wednesday's trade .


B. Indonedia Corporate News
1. PT Mark Dynamics Indonesia (MARK)
The company targets a net profit growth of 30% by 2019. Until the end of the year we are optimistic that we can generate a net profit of IDR 70 billion by the end of 2018 according to projections. The company will continue to increase production capacity to reach 1 million units per month in 2022. The current production of MARK gloves is around 540,000 units per month. To support the plan to increase factory capacity, the company has secured loan funds from banking institutions with a value of around US $ 14 million or equivalent to Rp.202.8 billion (exchange rate of Rp14,490).

2. PT Adaro Energy (ADRO)
The company targets production of around 54 million tons-56 million tons throughout 2019. In addition, in 2019 and in 2020, the Adaro Steam Power Plant (PLTU) project in South Kalimantan and Batang will be completed and requires a continuous coal supply. The electricity project is a PLTU in South Kalimantan (South Kalimantan) with a capacity of 2x100 MW and a PLTU located in Batang with a capacity of 2x1,000 MW. Until the third quarter of 2018, the construction of the South Kalimantan PLTU has reached 96% and is targeted to be completed next year. While in the same period, the progress of the PLTU in Batang has reached 57% and is targeted to be completed in 2020.

3. PT Mahkota Group (MGRO)
The company targets the construction of a cooking oil factory and a kernel crushing plant in Dumai to start operating in August 2019. The plant has a cooking oil production capacity of 1,500 tons per day. While the kernel crushing plant will be able to produce palm kernel oil of 400 tons per day. For the construction of the factory, MGRO is preparing a capital expenditure of Rp 330 billion. In detail, the funds from the IPO amounted to Rp 90 billion, and the remaining Rp 120 billion came from the company's internal cash and Rp 120 billion from bank loans.

4. PT Sejahteraraya Anugrahjaya (SRAJ)
Company increased land for the development of hospitals in Bogor. The land purchased was 1,945m2, with assets reaching IDR 37.5 billion. Payments are made in installments 12 times.


C. Market Statistics
DJIA +82.66 +0.35% 23675
NASDAQ +30.18 +0.45% 6783
GOLD +3.18 +0.25% 1253.23
OIL -3.07 -6.2% 46.41
COAL (Dec/Newcastle) -0.1 -0.1% 101.5
COAL (Dec/Rotterdam) +0.1 +0.11% 88.6
NICKEL -160 -1.45% 10837.5
TIN -95 -0.49% 19155
CPO (Feb) +31 +1.96% 2153
EIDO +0.47 +1.93% 24.74
US 10yr -0.032 -1.12% 2.8250
INDO 10yr +0.0015 +0.02% 8.2809
INDO CDS 5yr -1.185 -0.88% 132.935
TLK 52.04 (3773)
IDR (Spot) 14501
IDR (Investing, 19/12/18/Fut, 04.30) 14418

IDX Range.      :  6,033 - 6,125
USD/IDR Range: 14,420 - 14,540


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)
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