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Indonesia Market Today - 26 December 2018

  • Regular
  • Asian Market
  • 2 months ago
  • 49

A. Indonesia Morning Market Review
Wednesday (12/26/2018). During the Indonesian market holiday, the DJIA and the Regional Exchange were "covered in blood" where the DJIA fell sharply -1066.8 points (-3.51%) & Nikkei -1010 points (-5.01%) due to concerns about government shutdown. If we add the DJIA downward factor, the decrease in Oil is -7.59%, EIDO -3.51%. We estimate thaat JCI will weakening today.


B. Indonesia Corporate News
1. PT Elnusa (ELSA)
The company targets 2019 revenue growth of around 10% from 2018. The budgeted capex is also not much different compared to 2018 around Rp 600 billion. As of September 2018, Rp 430 billion has been realized from the target. In 2028, ELSA targets revenues to increase 10-15%, meaning that ELSA hopes that 2018 can record revenues of IDR 5.48 trillion to IDR 5.73 trillion.

2. PT Kalbe Farma (KLBF)
The company prepares capex of Rp 1.5 trillion in 2019. The capex will be used to continue the construction of a new drug factory in Cikarang and a new plant located in Pulogadung for prescription drugs. The new factory is planned to be completed in the upcoming 2019-2020. If later the free drug factory finishes the company's free drug production capacity increases by at least 50%. Throughout 2018, KLBF targets a 5% revenue growth.

3. PT United Tractors (UNTR)
The company targets to increase coal volume by 2019 by 9 million tons, up from this year's coal production target of 6.8 million tons. Perseroam said that until October 2018 the realization of coal production had reached 6.09 million tons. The company allocates capex of US $ 700 million-US $ 800 million for 2019 obtained from bank loans and syndication. In 2018, Pamapersada as a coal contractor targeted coal production of 119 million tons in 2018 and overburden removal (OB) of 880 million bank cubic meters (BCM). Until October, the realization of coal production had reached 102.1 million tons and the realization of OB was 809.1 BCM. That is, in 2019 Pamapersada targets coal production of 124.95 million tons and OB 924 million BCM

4. PT Alfa Energi Investama (FIRE)
The company spurred coal sales to the domestic market in 2019 in line with the slowdown in Chinese demand which suppressed global prices. In 2019 FIRE coal production can reach 800,000-900,000 tons, while trading for exports is only 100,000 tons. FIRE also plans to wait for the decline of the Forest Area Loan (IPPKH) Permit from KLHK for the PT Bumi Bara Jaya (BBJ) mine. The mine has a product with a calorie level of 5,800 Kcal / kg with an initial reserve of 3 million tons. Meanwhile, ADP which has been relied on for production contains calorie coal 4,200 Kcal / kg and 5,500 Kcal / kg.


C. Market Statistics
(Data From Dec 21 & 24)
DJIA -1066.8 -4.67% 21792!!!!
NASDAQ -335.08 -5.13% 6192!!!!
NIKKEI -1010.45 -5.01% 19155!!!
GOLD +25.65 +2.06% 1272.5
OIL -3.5 -7.59% 42.70!!!
NICKEL -37.5 -0.34% 10912.5
TIN +192.5 +1% 19447
EIDO -0.87 -3.51% 23.91!!!
TLK 50.06 (3643)!!
IDR (Spot) 14553
IDR (Investing, 26/12/18/Fut, 05.00) 14555

IDX Range.      :  6,072 - 6,182
USD/IDR Range: 14,510 - 14,585


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: 10250 - 10525
Daily RLine: 10950 - 10725 - 10600
Daily PP: 10375
Daily SLine: 10250 - 10025 - 9900
Summary: STRONG BUY

3. 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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