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Indonesia Market Today 30 November 2018

  • Regular
  • Asian Market
  • 6 months ago
  • 92

A. Indonesia Morning Market Review
Friday (11/30/2018). After the JCI enjoyed a sharp rise in Thursday's trade in the hope that the Fed would halt the FFR increase (although it is still debated because until now there are no US economic indicators showing a slowdown). This Friday, investors need to be careful of profit taking following the DJIA's fall amid returning rebound in prices of energy and metal commodities.


B. Indonesia Corporate News
1. PT Indo Tambangraya Megah (ITMG)
The company is confident that it can achieve the company's sales target in 2018 where the sales target is up to 24.2 million tons. Later, the sales will come from coal own production of US $ 22.5 million tons, while the remainder will come from coal purchases from third parties. Reminder, up to quarter 3/2018 the company has booked a production volume of up to 15.7 million tons of coal. Meanwhile, it also managed to sell 16.1 million tons of coal. The company hopes that the company's coal production volume can rise to 23 million tons to 23.5 million tons by 2019

2. PT PP (PTPP)
The company will use the remaining capex in 2018 for 2019. This year, the company has a capex of Rp. 15 trillion which is estimated to only absorb Rp. 6 trillion. This means that next year, PTPP will budget capital expenditure of IDR 8 trillion-IDR 9 trillion. Until the end of quarter III-2018, PTPP had absorbed a capex of Rp 4.1 trillion. For details on the use of capex, PTPP allocated Rp 1.5 trillion in capex this year for infrastructure projects, Rp 600 billion for investment projects with affiliated projects and Rp 2 trillion for its three subsidiaries, namely PP Properti, PP Urban, and PP Presisi.

3. PT Adhi Karya (ADHI)
The company stated that the revenue target of Rp. 23.3 trillion will be reached by the end of 2018. Noting that until the third quarter of 2018 ADHI's revenue reached Rp. 9.4 trillion. The contribution to date has reached 50% of ADHI's total revenue. The rest comes from cooperation with projects of State-Owned Enterprises (BUMN) and the private sector. Regarding the LRT project, until the end of 2018 it targeted 50% of the LRT to be completed. The three routes referred to are, among others, first, the Cawang-Cibubur route has reached 78% of development progress. Second, the Cawang-Kuningan-Dukuh Atas route is 42% complete. Third, the Cawang-Bekasi Timur route is 38% complete. If accumulated, the progress of the LRT builder has already reached 52.6%.

4. PT Timah (TINS)
Until the 3/2018 quarter, the company's net profit fell 15% to Rp 255.55 billion. While TINS's income is still increasing, despite a slight increase. TINS scored Rp. 6.80 trillion in revenue, growing 2.72% compared to the same period the previous year.

5. PT Campina Ice Cream Industry (CAMP)
The company will launch several new products to maintain consumer interest. One plan for next year is entering the premium ice cream and ice cream refreshment segment. In addition, cooperation in character licensing with parnet such as Disney and Nickleodeon will continue with the launch of several up-to-date products. Next year, the company also improves the communication platform with a more aggressive marketing campaign, one of which is through the digital platform.


C. Market Statistics
DJIA -27.59 -0.11% 25338
NASDAQ -18.51 -0.25% 7273
GOLD +1.9 +0.15% 1229
OIL +1.16 +2.31% 51.39
COAL (Nov/Newcastle) Unch 101.55
COAL (Nov/Rotterdam) Unch 88.6
NICKEL +147.5 +1.36% 11007.5
TIN +205 +1.12% 18542.5
CPO (Nov) +12 +0.6% 2027
EIDO +0.43 +1.74% 25.15
US 10yr -0.009 -0.3% 3.035
INDO 10yr +0.0299 +0.37% 8.0582
INDO CDS -4.985 -3.35% 143.61
TLK 52.04 (3742)
IDR (Spot) 14382
IDR (Investing, 30/11/18/Fut, 04.30) 14327

IDX Range.      :  6,052 - 6,143
USD/IDR Range: 14,310 - 14,450


D. Stock Picks
1. BBCA
52Week Price Range: 20350 - 25500
Monthly RLine: 26534 - 25367 - 24509
Monthly PP: 23342
Monthly SLine: 22484 - 21317 - 20459
Summary: STRONG BUY

2. ASII
Daily Price Range: 8225 - 8450
Daily RLine: 8491 - 8458 - 8391
Daily PP: 8358
Daily SLine: 8291 - 8258 - 8191
Summary: STRONG BUY


Smart Trend Team (GR)
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