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Indonesia Market Today - 28 December 2018

  • Regular
  • Asian Market
  • 4 months ago
  • 100

A. Indonesia Morning Market Review
Friday (28/12/2018). Concerns about government shutdown had brought the DJIA down sharply -611 points earlier in the trade but amid thinning market liquidity, the DJIA reversed course and closed higher +260.4 points (+ 1.14%), the biggest reversal in 1 trading day of 871 points since 2010. However, the fall of Crude Oil -2.43%, Nickel -1.79% and EIDO -0.08% which apparently did not follow the sharp closing on the IDX on Thursday and the fall of Regional Exchange Friday morning slightly hampered the euphoria of the Window Dressing.

We predicted that IDX will be strenghthening today and closes above 6200 level at the end of 2018. Construction, property, cement and some banking stocks (whose prices are lagging) are likely to have a Window Dressing today.


B. Indonesia Corporate News
1. PT Bank Danamon Indonesia (BDMN)
The company estimates that consolidated loans can grow 10% on an annual basis in 2019. As of September 2018, Danamon's KPR grew 35% yoy from Rp. 5.4 trillion to Rp. 7.31 trillion. Whereas SME loans grew 11% yoy to Rp 30.53 trillion from 27.48 trillion in 2017. The company claimed that in the first nine months of 2018, consolidated credit growth outside the micro segment grew by 10% yoy to Rp 131.12 trillion. The same position last year was Rp. 119.18 trillion. While in total credit including the micro segment grew 6% yoy to Rp 134.33 trillion.

2. PT Bukit Uluwatu Villa (BUVA)
The Company estimates that in 2019 the income and net income will increase by 125% and 100% respectively. While at the end of 2018, the company targets revenues of Rp. 475 billion and profits at the end of 2018 after losing Rp. 39 billion at the end of last year. Furthermore, the company will complete the construction of the Alila Sudirman Central Business District (SCBD) hotel with restaurants and clubs in Jakarta and will expand the Alila Ubud, Bali hotel. To support a number of expansion next year, BUVA prepares capex of Rp. 400 billion, up 50% compared to this year's capex.


C. Market Statistics
DJIA +260.4 +1.14% 23138!
NASDAQ +25.1 +0.38% 6579
GOLD +8.95 +0.7% 1277.8
OIL -1.14 -2.44% 45.65
COAL (Jan/Newcastle) -0.45 -0.44% 102.55
COAL (Jan/Rotterdam) -0.1 -1.14% 87.00
NICKEL -195 -1.79% 10717.5
TIN -22.5 -0.12% 19425
CPO (Mar) +10 +0.48% 2104
EIDO -0.02 -0.08% 24.67
US 10yr -0.054 -1.93% 2.7430
INDO 10yr -0.0099 -0.12% 8.1106
INDO CDS 5yr -2.28 -1.62% 138.735
TLK 51.8 (3771)
IDR (Spot) 14561
IDR (Investing, 28/12/18/Fut, 04.25) 14670

IDX Range.      :  6,169 - 6,243
USD/IDR Range: 14,520 - 14,600


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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