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Indonesia Market Today 31 October 2018

  • Regular
  • Asian Market
  • 2 weeks ago
  • 22

A. Indonesia Morning Market Review
Wednesday (31/10/2018). The sharp strengthening of the DJIA by + 1.77% accompanied by EIDO + 3.39% amid a decline in crude oil prices and the strengthening of the Asian Stock Exchange this morning was a factor for JCI to continue strengthening today.


B. Indonesia Corporate News
1. PT Indofood Sukses Makmur (INDF)
The company posted net sales of IDR 54.74 trillion until the September 30, 2018 period, up from net sales of IDR 53.12 trillion in the same period the previous year. Current earnings that can be distributed to the owners of the parent entity fell to Rp2.81 trillion from Rp3.26 trillion in profit until September of the previous year.

2. PT Wijaya Karya (WIKA)
The company posted a net profit of Rp1.06 trillion in the third quarter of 2018, grew 38.57% compared to the same period in 2017. Sales of WIKA (excluding operating cooperation / KSO projects) in the third quarter of 2018 reached Rp21 trillion, up 32.30 percent compared to the same period in 2017 of IDR 15.88 trillion.

3. PT Waskita Karya (WSKT)
The company posted a net profit of Rp.4.49 trillion in the Q3/2018 or grew 53.77% on an annual basis.

4. PT Waskita Beton Precast (WSBP)
The company scored IDR5.43 trillion in revenue as of September 30, 2018 or grew 8.38% from the same position last year of IDR5.01 trillion. The company pocketed a net profit of IDR885 billion or grew 7.27% from IDR825 billion in the third quarter of 2017.

5. PT Buyung Poetra Sembada (HOKI)
The company achieved a 95% increase in net profit to Rp. 70.08 billion in the September 2018 period from Rp. 35.96 billion in the period of September 2017. The increase in net sales of HOKI was supported by rice sales which contributed Rp. 1.088 trillion. While returns and sales discounts accounted for Rp. 28.049 billion. The net profit performance was also driven by net sales growth of Rp 1.06 trillion, up 18% from Rp 900.05 billion in the September 2017 period.

6. PT Indosat Tbk (ISAT)
The Company bad performance was recorded by ISAT during January to September 2018 where revenues amounted to IDR 16.76 trillion, down 25.7% compared to IDR 22.56 trillion in the same period the previous year. While EBITDA fell 47.9% to IDR 5.15 trillion from EBITDA of IDR 9.90 trillion in the previous year period. This was reflected in the decline in the number of company customers by 33.9% to 64.1 million from 97 million previously.

7. PT Surya Semesta Internusa Tbk (SSIA)
Another issuer that had a poor performance during the 3/2018 quarter, namely SSIA because it suffered a loss of Rp 65.6 billion. The reason, the burden borne by the company swelled. While the company posted revenues of Rp 2.65 trillion, up from Rp. 2.35 billion.


C. Market Statistics
DJIA 431.72 + 1.77% 24874
NASDAQ +111.36 + 1.6% 7161
GOLD -7.9 -0.64% 1224.61
OIL -0.7 -1.04% 66.34
COAL (Nov / Newcastle) -0.5 -0.46% 107.5
COAL (Nov / Rotterdam) -0.95 -0.96% 98.25
NICKEL +12.5 + 0.11% 11752.5
TIN -32.5 -0.17% 19082.5
CPO (Oct) -22 -1.01% 2167
EIDO +0.72 + 3.39% 21.96
US 10yr +0,023 + 0.75 %% 3.11
INDO 10yr -0.0174 -0.19% 8.7831
INDO CDS +1.575 + 0.99% 160.1
TLK 50.68 (3857)
IDR (Spot) 15223
IDR (Investing, 31/10/18 / Fut, 04.20) 15208

IDX Range. : 5,757 - 5,847
USD / IDR Range: 15,170 - 15,280


D. Stock Picks
1. BBCA
52Week Price Range: 20350 - 25475
Monthly RLine: 26634 - 25917 - 25034
Monthly PP: 24317
Monthly SLine: 23434 - 22717 - 21834
Summary: STRONG BUY

2. ASII
Daily Price Range: 7450 - 7750
Daily RLine: 7775 - 7700 - 7600
Daily PP: 7525
Daily SLine: 7425 - 7350 - 7250
Summary: STRONG BUY

Smart Trend Team (GR)

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