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Indonesia Market Today 24 October 2018

  • Regular
  • Asian Market
  • 3 weeks ago
  • 31

A. Indonesia Morning Market Review
Wednesday (10/24/2018). The combination of the decline of DJIA -0.5%, Oil -4.2%, Nickel -0.54% & CPO -0.85% amid the temporary strengthening of the Rupiah, the rebound of the Asian Stock this morning and the release of the third quarter financial report became the factor behind the expected technical rebound in trading this Wednesday.

Drying Liquidity, BUKU I Bank is less competitive in fighting over DPK with large banks.
The Financial Services Authority (OJK) confirmed the current tightening of banking liquidity. Referring to OJK data as of August 2018, the total credit growth reached 12.12% YoY. On the other hand, the increase in bank deposits has only grown 6.88% yoy in the same month. As a result, the loan to deposit ratio (LDR) position has reached 93% in August 2018. Banks must also be smarter in managing liquidity, because the LDR position has entered strict limits according to the regulator in the range of 93% -102%. OJK shows that the BUKU I or bank category with core capital below Rp 1 trillion posted a credit increase of 8.4% yoy. Meanwhile DPK shrinks by 1.84% on an annual basis in August 2018. Another challenge for small banks is not just fellow banks. But the emergence of a financial technology company, aka financial technology (Fintech) that offers products similar to banks.


B. Indonesia Corporate News
1. PT Mark Dynamics Indonesia (MARK)
The company is optimistic that the performance in the third quarter of 2018 is better than the previous two quarters, affected by the depreciation of the rupiah and the company's efficiency efforts. Throughout 2018, the company predicts that net profit can reach Rp72 billion. This value increased from the initial target set by the previous company amounting to Rp65 billion. In the January-September 2018 period, the company predicted to book a net profit of around Rp60 billion or reach 92% of the company's initial target. Therefore, management increased the projected net profit this year.

2. PT Adi Sarana Armada (ASSA)
The Company recorded growth in current year profit that can be distributed to owners of the parent company by 45.4% up to the period of September 30, 2018 to Rp106.39 billion compared to the profit of Rp73.13 billion in the same period the previous year. Revenues rose to IDR1.35 trillion from IDR1.23 trillion and cost of revenue rose to IDR919.68 billion from IDR861.38 billion.

3. PT Sido Emerging Herbal Medicine and Pharmacy Industry (SIDO)
The company posted a profit of IDR480.11 billion as of September 2018, growing 26.21% from IDR380.38 billion in the same period of the previous year. SIDO posted sales of Rp1.94 trillion in 9 months 2018 or grew 4.86% from the same period the previous year of Rp1.85 trillion. When examined from the sales segment, herbal medicine still contributes the most. The company projects a growth target of 20% next year. This SIDO has already done business by increasing production capacity at liquid herbal plants and soft capsule factories to achieve these targets.


C. Market Statistics
DJIA -125.98 -0.5% 25191
NASDAQ -31.09 -0.42% 7437
GOLD + 9.2 + 0.75% 1234.1
OIL -2.93 -4.2% 66.43
COAL (Oct / Newcastle) -0.6 -0.54% 109.5
COAL (Oct / Rotterdam) +0.05 + 0.05% 100.4
NICKEL -67.5 -0.54% 12390
TIN +35 + 0.18% 19257.5
CPO (Oct) -19 -0.85% 2218
EIDO Unch 21.76
US 10yr -0.03 -0.94% 3,166
INDO 10yr +0.0043 + 0.05% 8.8359
INDO CDS +5.38 + 3.64% 153.34
TLK 49.36 (3750)
IDR (Spot) 15192
IDR (Investing, 24/10/10/ Fut, 05.00) 15165

IDX Range. : 5,747 - 5,837
USD / IDR Range: 15,130 - 15,240


D. Stock Picks
1. BBCA
52Week Price Range: 20200 - 25475
Monthly RLine: 26634 - 25917 - 25034
Monthly PP: 24317
Monthly SLine: 23434 - 22717 - 21834
Summary: STRONG BUY

2. TLKM
Daily Price Range: 3730 - 3830
Daily RLine: 3850 - 3810 - 3770
Daily PP: 3730
Daily SLine: 3690 - 3650 - 3610
Summary: STRONG BUY

3. PGAS
Daily Price Range: 2290 - 2360
Daily RLine: 2460 - 2390 - 2330
Daily PP: 2260
Daily SLine: 2200 - 2130 - 2070
Summary: STRONG BUY

4. GGRM
Daily Price Range: 78500 - 80250
Daily RLine: 81700 - 80475 - 79475
Daily PP: 78250
Daily SLine: 77250 - 76025 - 75025
Summary: STRONG BUY

Smart Trend Team (GR)

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