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Indonesia Market Today 23 November 2018

  • Regular
  • Asian Market
  • 1 month ago
  • 51

A. Indonesia Morning Market Review
Friday (11/23/2018). Wall Street holiday celebrates Thanks Giving amid the fall of Oil -1.43%, Nickel -0.57% and Tin -0.13% and the strengthening of the Asian Stock Exchange this morning, making the JCI is expected to strengthen after investors accumulated stock anticipating Window Dressing in December and the January Effect beginning of 2019.


B. Indonesia Corporate News
1. PT Garuda Indonesia (GIAA)
Deputy Chairperson of the Corruption Eradication Commission (KPK), Laode Muhammad Syarif, revealed the causes that caused PT Garuda Indonesia to suffer extraordinary losses. One reason is because there are parties in the internal company that mark-up or play the procurement budget.

2. PT Indofood Sukses Makmur (INDF)
The company projects that the construction of the flour mill can take place no later than quarter II / 2019. Regarding this matter, the company has prepared Rp530 billion in funds for the construction of these two new plants. The total capacity of the new flour mill is around 200,000 tons per year. The construction of a new factory is carried out, because the growth of the flour division's sales volume has increased by around 4% -5% on an annual basis.

3. PT PP (PTPP)
The company is still realizing 72.04% of new contracts as of October 2018 of the total IDR 49 trillion targeted this year. Several projects were acquired by the company in October 2018. The work included the Hotels and Pangkalanbun Office, Istora Papua, and Terminal 1C Soekarno Hatta Airport.

4. PT Total Bangun Persada (TOTL)
The company has pocketed a new contract of IDR 3.1 trillion as of October 2018, equivalent to 78.6% of the target of IDR 4 trillion this year. The additional new work obtained by the company in October 2018. The project is Gedung BCA Foreste in BSD, South Tangerang. Overall TOTL has a pipeline for a number of projects to reach the 2018 target worth Rp. 9.6 trillion. The composition of the work is 56% apartments, office 15%, 8% shopping centers, 8% hotels, and mixed used 13%.

5. PT Lautan Luas (LTLS)
The company is optimistic that it will achieve its revenue target of Rp 7 trillion in 2019 after this year's manufacturing business strengthened after the merger of three subsidiaries. The three include PT White Oil Nusantara, PT Metabisulphite Nusantara, and PT Dunia Kimia Jaya. Lautan Luas also began to earn revenue from the production of Fiber Creme brand creams.


C. Market Statistics
DJIA Closed 24464
NASDAQ Closed 6972
GOLD -0.1 -0.01% 1227.9
OIL -0.78 -1.43% 53.85
COAL (Nov / Newcastle) Closed 102.45
COAL (Nov / Rotterdam) Closed 87.8
NICKEL -62.5 -0.57% 10960
TIN -26 -0.13% 19255
CPO (Nov) +48 + 2.39% 2054
EIDO Closed 24.03
US 10yr Closed 3,061
INDO 10yr -0.0248 -0.3% 8.1822
INDO CDS +1.365 + 0.91% 15.15
TLK 54.2 (3957)
IDR (Spot) 14580
IDR (Investing, 24/11/18 / Fut, 04:45) 14610

IDX Range. : 5,951 - 6,042
USD / IDR Range: 14,550 - 14,625


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: 8250 - 8475
Daily RLine: 8891 - 8733 - 8591
Daily PP: 8433
Daily SLine: 8291 - 8133 - 7991
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3910 - 3990
Daily RLine: 4106 - 4033 - 3996
Daily PP: 3923
Daily SLine: 3886 - 3813 - 3776
Summary: STRONG BUY

4. ICBP
Daily Price Range: 8850 - 8950
Daily RLine: 9091 - 8983 - 8916
Daily PP: 8808
Daily SLine: 8741 - 8633 - 8566
Summary: STRONG BUY

Smart Trend Team (GR)

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