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Indonesia Market Today 29 October 2018

  • Regular
  • Asian Market
  • 2 weeks ago
  • 22

A. Indonesia Morning Market Review
Monday (29/10/2018). After a week, IHSG was corrected by -0.9% with Foreign Net Sells of Rp. 326.42 billion, so that Foreign YTD Net Sells were Rp. 56.41 trillion and YTD JCI fell -8.98%. Earlier this week, JCI was likely to move sideways due to varied data where DJIA fell -1.19% , Nickel -2.48%, Tin -0.18 & CPO -1.47% while EIDO + 0.51%, Oil + 0.43%, Gold + 0.51%

Q3 2018 TRANSACTION DEFISIT EXPECTED TO RISE
Bank Indonesia projects that the current account deficit (CAD) will increase in the third quarter of 2018 compared to the second quarter of 2018, but will not exceed 3.5% of GDP. The cause of the high CAD is in the third quarter of 2018, due to the impact of the oil and gas trade deficit that occurred during the July and August 2018 periods.


B. Indonesia Morning Market Review
1. PT Semen Indonesia (SMGR)
The company scored 23.75 million tons of cement sales in the period January-September 2018 or rose 4.9% compared to the same period last year of 22.65 million tons with details of domestic cement sales contributing 19.62 million tons, exports of a number of 2.22 million tons and Vietnam's Thang Long Cement Company contributed 1.92 million tons, bringing the total to 23.75 tons.

2. PT Bank Maybank Indonesia (BNII)
The company posted a consolidated net profit until the third quarter of 2018 of Rp 1.5 trillion, up slightly by 3.4% (yoy). This profit growth was driven by net interest income which rose 5.5% yoy to Rp 6 trillion. Along with the increase in net interest income, Maybank Indonesia's credit rose 7.8% yoy to Rp 131.2 trillion.

3. PT Sinar Mas Agro Resources And Technology (SMAR)
The Corruption Eradication Commission (KPK) announced the appointment of Edy Sapurta Suradja who was Deputy Managing Director (Wadirut) of SMAR as a suspect of PT Binasawit Abadi Pratama (BAP) bribery case against a number of members of the Central Kalimantan DPRD. As information, SMAR is the holding company of PT BAP and Edy also holds a position as Director at PT BAP. SMAR President Director Jo Daud Dharsono was even known to have been caught in the Hand Catch Operation (OTT) together with Edy on Friday (10/26/2018), although it was not included in the list of suspects announced by the KPK. SMAR manages oil palm plantations in Indonesia covering 138,700 hectares, including plasma land. In addition, SMAR also has 16 palm oil mills that process FFB into CPO and palm kernels, with a total capacity of 4.2 million tons per year.

4. PT United Tractors (UNTR)
The company posted a profit after tax of Rp9.07 trillion until the September 30, 2018 period rose 60.8% compared to a profit of Rp.5.63 trillion in the same period the previous year. While net sales rose to IDR61.12 trillion compared to net sales of IDR46.25 trillion a year earlier and gross profit rose to IDR15.07 trillion from gross profit of IDR10.43 trillion a year earlier.

5. PT Sri Rejeki Isman (SRIL)
The company beat sales increase to US $ 763.94 million in the period ended September 30, 2018, up from US $ 572.59 million in the same period the previous year. Profit distributed to the owner of the parent entity was US $ 70.49 million, up 49.25% from profit of US $ 47.23 million until September of the previous year.


C. Market Statistics
DJIA -296.24 -1.19% 24688
NASDAQ -151.12 -2.07% 7168
GOLD +6.3 + 0.51% 1235.4
OIL +0.29 + 0.43% 67.62
COAL (Nov / Newcastle) -2.2 -2% 108.45
COAL (Nov / Rotterdam) -0.75 -0.75% 99.25
NICKEL -302.5 -2.48% 11877.5
TIN -35 -0.18% 19272.5
CPO (Oct) -21 -0.95% 2179
EIDO +0.11 + 0.51% 21.70
US 10yr -0.059 -0.01 %% 3,077
INDO 10yr -0.0009 -0.01% 8.7834
INDO CDS +4.37 + 2.83% 158.72
TLK 47.76 (3655)
IDR (Spot) 15217
IDR (Investing, 27/10/18 / Fut, 06.00) 15191

IDX Range. : 5,738 - 5,828
USD / IDR Range: 15,165 - 15,240


D. Stock Picks
1. BBCA
52Week Price Range: 20300 - 25475
Monthly RLine: 26634 - 25917 - 25034
Monthly PP: 24317
Monthly SLine: 23434 - 22717 - 21834
Summary: STRONG BUY

2. ICBP
Daily Price Range: 8650 - 8800
Daily RLine: 9184 - 8992 - 8884
Daily PP: 8692
Daily SLine: 8584 - 8392 - 8284
Summary: STRONG BUY

3. ASII
Daily Price Range: 7275 - 7425
Daily RLine: 7741 - 7558 - 7466
Daily PP: 7283
Daily SLine: 7191 - 7008 - 6916
Summary: STRONG BUY

Smart Trend Team (GR)

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