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Indonesia Market Today - 7 December 2018

  • Regular
  • Asian Market
  • 5 days ago
  • 13

A. Indonesia Morning Market Review
Friday (07/12/2018). After DJIA had dropped sharply by around 700 points, finally the DJIA closed down -79 points and the strengthening of the Asian Stock Exchange this Friday morning could be a positive sentiment for the Indonesian Stock Exchange. Amid falling prices for energy commodities and metals such as Oil-2.34%, Nickel -3.14 %, Tin -1.25% & CPO -1.05% make we estimate that there is a slight rebound over the Indonesia Stock Exchange this Friday.


B. Indonesia Corporate News
1. PT PP (PTPP)
The subsidiary of PT PP Urban targets marketing sales of Rp 2.2 trillion in 2019, up 29.4 percent from the estimated achievement this year. Most of the targets are targeted from the construction business, which is Rp 1.2 trillion or 54 percent. Then followed by the precast factory of Rp 506 billion or 23%. PP Urban already has 5 ha of land close to Sudimara Station, South Tangerang. There are plans to build eight apartment towers. The project will begin construction marked by groundbreaking or laying of the first stone in January 2019. The company will provide affordable housing for low-income communities (MBR). There are two projects being developed by the company namely Urban Town Serpong and Urban Town Karawang. As of November 2018, PP Urban has posted marketing sales of Rp 1.68 trillion. The company estimates that it will reach Rp 1.7 trillion by the end of 2018 where the largest contribution is still from construction as much as 52 percent, precast factories 31 percent, and realty 8 percent. PP Urban will prepare capital expenditure or capex of Rp 140 billion next year.

2. PT Acset Indonusa (ACST)
The target of the new contract installed rose 50% in 2019 from the previous period in line with the carry over of the previous period target. The company obtained an additional new Terrace Diamond Tower Project contract worth Rp78.91 billion in November 2018.

3. PT Martina Berto (MBTO)
The company targets next year's optimistic sales to increase 10 percent and the company's profit can reach Rp 5 billion. The penetration of the export market also continued to be felt. Currently the export market contributes 2% of total sales. The plan in the next five years can contribute 6% to 7%.
Next year, the company will open 2 new outlets, 1 in West Java and one will still be between Java or Sumatra. Reminder, the company posted a revenue decline of 26% yoy from Rp 505.01 billion in the third quarter of 2017 to Rp 382.63 billion in the third quarter of 2018. While the net loss rose to Rp 62.27 billion. Or increased compared to the same period last year which amounted to Rp. 26.34 billion.

4. PT Rimo International Lestari (RIMO)

RIMO at the end of 2018 targets gross sales of Rp 450 billion-Rp 500 billion with a net profit of Rp 150 billion. RIMO's quarterly reminder during the 3/2018 quarter earned IDR 433.28 billion or + 125% YoY net income. While RIMO's net profit for the period January-September 2018 reached Rp 116.72 billion. This net profit fell slightly compared to the same period last year at Rp 117.89 billion. To support the performance of 2019, RIMO budgeted capital expenditure of around Rp 100 billion - Rp 200 billion. This year the capex is budgeted at Rp 200 billion with 100% realization.


C. Market Statistics
DJIA -79.4 -0.32% 24947
NASDAQ +29.83 ×0.42% 7188
GOLD -0.75 -0.06% 1243.15
OIL -1.24 -2.34% 51.7
COAL (Dec/Newcastle) -0.1 -0.1% 102.55
COAL (Dec/Rotterdam) +0.75 +0.88% 86.25
NICKEL -352.5 -3.14% 10862.5
TIN -240 -1.25% 18922.5
CPO (Feb) -21 -1.05% 1986
EIDO +0.08 +0.32% 24.85
US 10yr -0.048 -1.64% 2.876
INDO 10yr +0.031 +0.38% 8.1065
INDO CDS 5yr +7.855 +1.73% 143.375
TLK 51.26 (3721)
IDR (Spot) 14520
IDR (Investing, 05/12/18/Fut, 05.00) 14560

IDX Range.      :  6,077 - 6,169
USD/IDR Range: 14,470 - 14,575


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. ICBP
Daily Price Range: 9550 - 9750
Daily RLine: 10150 - 9950 - 9850
Daily PP: 9650
Daily SLine: 9550 - 9350 - 9250
Summary: STRONG BUY

3. JSMR
Daily Price Range: 4460 - 4580
Daily RLine: 4796 - 4713 - 4646
Daily PP: 4563
Daily SLine: 4496 - 4413 - 4346
Summary: STRONG BUY


Smart Trend Team (GR)
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