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Indonesia Market Today 21 November 2018

  • Regular
  • Asian Market
  • 6 months ago
  • 81

A. Indonesia Morning Market Review

Wednesday (21/11/2018). The combination of sharp falls for 2 days over DJIA -3.73%, EIDO -4.3%, Oil -6.09%, Nickel -2.74% and the fall of Regional Exchanges are factors that we predict JCI is likely to weaken today. One thing that needs to be observed is whether the sharp fall in crude oil pure prices is due purely to the problem of supply & demand or an early indication of the global economic downturn in 2019?

S & P: Economic Growth Only 5% in 2019.
After Moody's previously projected Indonesia's economic growth of 4.8% in 2019, now it is the turn of Standard & Poor (S & P) to predict Indonesia's economic growth of around 5% in 2019. This is because three factors that occurred in the period were elections, high interest rates and the possibility of rising price after election.


B. Indonesia Corporate News
1. PT Indosat (ISAT)
The number of Indosat customers as of September 2018 fell 33.9% compared to the number of customers at the beginning of the year. As of the third quarter of 2018, the number of Indosat customers was 64.1 million. The company has issued capital expenditure of Rp 4.79 trillion as of September 2018 or 92.9% more than last year's capital expenditure realization. Next year's strategy is more than 90% coverage is expected to have 4G.

2. PT Soechi Lines (SOCI)
SOCI's revenue up to the third quarter of 2018 was recorded at US $ 94.98 million, down by around 5.83 percent compared to revenues in the same period last year of US $ 100.86 million.
SOCI's net profit also fell sharply by 58.50% from US $ 16.41 million to US $ 6.81 million where the decline in profit also occurred due to an increase in financial expenses of 68.85% to US $ 14.69 million. The company budgeted a capex of 2019 of US $ 30 million - US $ 35 million which will be used to improve the company's operations and not rule out the possibility to add or acquire ships.


C. Market Statistics
(CLOSING LEVEL NOV 19 & 20)
DJIA -948 -3.73% 24465
NASDAQ -339 -4.68% 6908
GOLD + 0.1 + 0.01% 1222.1
OIL -3.45 -6.09% 53.23
COAL (Nov / Newcastle) -0.2 -0.19% 102.3
COAL (Nov / Rotterdam) -1.05 -1.18% 88.05
NICKEL -312.5 -2.74% 11082.5
TIN -7.5 -0.04% 19380
CPO (Nov) +11 + 0.56% 1986
EIDO -1.06 -4.3% 23.56
US 10yr -0,026 -0.84% ​​3,048
INDO 10yr Closed 8.2501
INDO CDS +7.88 + 5.32% 156,065
TLK 52.82 (3852)
IDR (Spot) 14588
IDR (Investing, 21/11/18 / Fut, 04:45) 14624

IDX Range. : 5,900 - 6,028
USD / IDR Range: 14,560 - 14,630


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: 8400 - 8550
Daily RLine: 8791 - 8683 - 8616
Daily PP: 8508
Daily SLine: 8441 - 8333 - 8266
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3930 - 4050
Daily RLine: 4324 - 4217 - 4134
Daily PP: 4027
Daily SLine: 3944 - 3837 - 3754
Summary: STRONG BUY

4. ICBP
Daily Price Range: 8650 - 8800
Daily RLine: 8916 - 8858 - 8816
Daily PP: 8758
Daily SLine: 8716 - 8658 - 8616
Summary: STRONG BUY

Smart Trend Team (GR)

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