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Indonesia Market Today - 6 December 2018

  • Regular
  • Asian Market
  • 3 months ago
  • 56

A. Indonesia Morning Market Review
Thursday (06/12/2018). The fall of the Asian Stock Index this Thursday and the weakening of the Rupiah amid the close of Wall Street overnight was a factor for Jakarta Composite Index, which predicted will moves sideways today.


B. Indonesia Corporate News
1. PT Mark Dynamics (MARK)
On December 4, 2018, the company has signed a Loan Facility Agreement with Bank Permata. The facility consists of a Revolving Loan (extension) of US $ 6.5 million with an interest rate of 4.25% per annum and a period of 12 months. In addition, there is a new Term Loan facility of US $ 8.1 million with an interest of 4.25% per year. The Loan Term Loan will be used for capital expenditure of a new glove mold factory in order to increase production capacity with a period of 60 months

2. PT Pelita Samudera Shipping (PSSI)
Until the 3/2018 quarter, the company posted revenues of US $ 46.84 million and net income for the period amounting to US $ 12.09 million. While the target installed at the end of 2019 revenue can reach US $ 60 million to US $ 65 million with net income excluding FLF sales of US $ 6.5 to US $ 7 million. If we enter the profit from gain on sale FLF, our net income will be around US $ 14 million to US $ 14.5 million. Furthermore, the company in 2019 hopes to add 12 new ship units next year & allocate a minimum capex of US $ 40 million.

3. PT Ciputra Develpoment (CTRA)
Next year, the company welcomes the political year, preparing a capex of Rp 1.5 trillion. Next year's capex will be used to continue existing projects, such as the construction of shopping centers in Citra Raya Tangerang, Ciputra World Surabaya and Surabaya Land City Imagery.

4. PT United Tractors (UNTR)
The company revised its sales target this year as a surge in demand for heavy equipment from the mining sector. Earlier this year, UNTR targeted sales of heavy equipment ranging from 4,200 to 4,500 units to 4,800 units. If the new sales target is reached, the number of UNTR heavy equipment sales will increase by around 6.6% from the initial target.


C. Market Statistics
DJIA Closed 25027
NASDAQ Closed 7158
GOLD -1.35 -0.11% 1243.9
OIL +0.34 +0.65% 52.94
COAL (Dec/Newcastle) -0.2 -0.2% 102.65
COAL (Dec/Rotterdam) -0.25 -0.3% 85.50
NICKEL +82.5 +0.74% 11215
TIN -32.5 -0.17% 19162.5
CPO (Feb) -13 -0.64% 2007
EIDO Closed 24.77
US 10yr Closed 2.924
INDO 10yr +0.0578 +0.72% 8.1065
INDO CDS 5yr +1.955 +1.41% 140.745
TLK 51.56 (3713)
IDR (Spot) 14402.5
IDR (Investing, 06/12/18/Fut, 05.00) 14436

IDX Range.      :  6,096 - 6,188
USD/IDR Range: 14,330 - 14,460


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: 8425 - 8600
Daily RLine: 8991 - 8883 - 8741
Daily PP: 8633
Daily SLine: 8491 - 8383 - 8241
Summary: STRONG BUY

3. ICBP
Daily Price Range: 9450 - 9750
Daily RLine: 10209 - 10092 - 9859
Daily PP: 9742
Daily SLine: 9509 - 9392 - 9159
Summary: STRONG BUY

4. JSMR
Daily Price Range: 4380 - 4630
Daily RLine: 4984 - 4767 - 4614
Daily PP: 4397
Daily SLine: 4244 - 4027 - 3874
Summary: STRONG BUY


Smart Trend Team (GR)
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