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Indonesian Market Today 09 November 2018

  • Regular
  • Asian Market
  • 1 week ago
  • 18

A. Indonesian Morning Market Review
Friday (09/11/2018). After the JCI rose around 8 consecutive days to around 3.86%, this Friday we predicted the chance for action Profit Taking refers to the sharp fall of EIDO -1.79%, Oil -1.72%, Gold -0.22% & CPO -1.04% which are already below the price of RM2100 amid indications that the Rupiah has a chance to weaken again to the level of 14,600 while waiting for the results of the current 3/2018 Current Account Deficit (CAD) to be published today, we estimates around -3.5%, wider than the CAD Q2 / 2018 deficit of -3.04%.


B. Indonesia Corporate News
1. PT Bank Agris (AGRS)
The company suffered a loss of Rp9.24 billion until the period of September 30, 2018 after gaining profit of Rp.8.21 billion in the same period the previous year. Net interest income increased to IDR 104.11 billion from net interest income of IDR 99.80 billion a year earlier.

2. PT AirAsia Indonesia (CMPP)
As of September 2018, revenues fell slightly to Rp 2.90 trillion from Rp 2.94 trillion previously. The company also posted a loss of Rp 639.16 billion in the third quarter of this year.

3. PT Tirta Mahakam Resources (TIRT)
As of September 2018, the current year's loss of TIRT was recorded at Rp 55.82 billion compared to the same period last year which still booked a profit of Rp 4.68 billion. The cause of the current year loss of TIRT is the increase in cost of goods sold which swelled 46.315% to Rp 718.09 billion from yoy Rp 490.78 billion. Meanwhile, the issuer's income increased by 43.26% to Rp 792.2 billion from yoy to Rp 552.97 billion.

4. PT Pembangunan Jaya Ancol (PJAA)
As of September 2018, PJAA scored a business income worth Rp924.75 billion, up 6% from Rp.871.6 billion in the same period the previous year. Until the end of 2018, PJAA targets growth in revenue and net profit of 10% and 25%, respectively, from 2017. In the past year, PJAA's revenue reached Rp1.24 trillion. Thus, the target set by PJAA is around Rp1.36 trillion if you want to grow 10% by the end of 2018. As of September 2018, the number of visits was 12.8 million, up 7% compared to the previous year. The total profit attributable to owners of the parent entity as of September 2018 reached Rp161.59 billion, up 1.45% from the position of Rp.159.27 billion in the same period the previous year.


C. Market Statistics
DJIA +10.92 + 0.04% 26191
NASDAQ -39.87 -0.53% 7530
GOLD -2.7 -0.22% 1224.3
OIL -1.06 -1.72% 60.61
COAL (Nov / Newcastle) + 0.3 + 0.28% 105.75
COAL (Nov / Rotterdam) -0.5 -0.53% 93
NICKEL +5 + 0.04% 11775
TIN +202.5 + 1.06% 19272.5
CPO (Nov) -22 -1.04% 2088
EIDO -0.43 -1.79% 23.62
US 10yr +0,021 + 0.65% 3,234
INDO 10yr -0.1517 -1.82% 8.2043
INDO CDS -4,115 -1.45% 144,255
TLK 53.72 (3905)
IDR (Spot) 14539
IDR (Investing, 09/11/18 / Fut, 10:10) 14676

IDX Range. : 5,923 - 5,995
USD / IDR Range: 14,510 - 14,640


D. Stock Pick
1. BBCA
52Week Price Range: 20350 - 25475
Monthly RLine: 26534 - 25367 - 24509
Monthly PP: 23342
Monthly SLine: 22484 - 21317 - 20459
Summary: STRONG BUY

2. ASII
Daily Price Range: 8150 - 8425
Daily RLine: 8625 - 8475 - 8350
Daily PP: 8200
Daily SLine: 8075 - 7925 - 7800
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3920 - 4000
Daily RLine: 4056 - 4003 - 3976
Daily PP: 3923
Daily SLine: 3896 - 3843 - 3816
Summary: STRONG BUY

Smart Trend Team (GR)

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