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Indonesian Market Today 12 Desember 2018

  • Regular
  • Asian Market
  • 1 month ago
  • 21

A. Indonesia Morning Market Review
Wednesday (12/12/2018). After the DJIA had risen +397 points at the beginning of the trade but due to the burden of geopolitical issues including potential
government shutdown in the US, finally the DJIA closed down -0.22% amid the fall in nickel prices, CPO, gold and the Rupiah which again depreciated to the level of 14600 to be a negative factor we predicted for JCI to moves sideways today.


B. Indonesia Corporate News
1. PT PP (PTPP)
The company prepares an investment of Rp1.27 trillion in the infrastructure sector from the total planned capital expenditure of Rp.8.73 trillion in 2019.

2. PT Mitra Adiperkasa (MAPI)
The company is ready to allocate capital expenditure worth IDR800 billion to add outlets with an area of ‚Äč‚Äčaround 50,000 m2. The company estimates that sales by the end of 2018 will grow by 18% or IDR19.7 trillion.

3. PT Adhi Karya (ADHI)
The company until November 2018 posted a new contract of IDR 21.5 trillion (excluding tax). The realization of the acquisition of new contracts in November 2018 includes the construction of the Aceh Toll Road. Sigli is worth IDR7.6 trillion, the Soekarno-Hatta Airport Terminal 2 revitalization project is IDR737 billion, and the IDR 492 billion Patimban Pier construction project. The contribution per business line in the acquisition of new contracts in November 2018 was dominated by the Construction & Energy business line at 94.4%, Property by 4.8% and the rest were other business lines.

4. PT PP Presisi (PPRE)
The company received an additional new contract of Rp112 billion in November 2018. Thus, the total new contracts pocketed were IDR4.4 trillion throughout January 2018-November 2018. The company targets contracts of IDR5.0 trillion for the 2018 period or below the original target of IDR7 trillion to IDR7 , 5 trillion. Meanwhile, the company estimates the revenue target by the end of 2028 to reach Rp3 trillion-Rp3.5 trillion, down from the original target of Rp.4.9 trillion. On the other hand the company is targeting new contracts of IDR 5.5 trillion to IDR 6.0 trillion in 2019 so that it can project to earn IDR 4 trillion - IDR 4.5 trillion in revenue and for 2019 capital expenditure around IDR 1 trillion to IDR 1.5 trillion.

5. PT Adaro Energy (ADRO)
The company targets coal production in 2019 to be around 54-56 million tons, equivalent to 2018. China's policy to cut coal imports will greatly affect the coal mining industry in Indonesia. Because China is Indonesia's main export market with at least 80 million tons to 100 million tons of coal per year.

6. PT Bank Negara Indonesia (BBNI)
For 2019 the company estimates that the manufacturing, trade, hotel and restaurant sectors and the construction sector are still potential sectors for lending during 2019 so that the company projects corporate loan growth of 12-13 percent. Until the third quarter of 2018, BNI had distributed corporate loans of Rp. 246.97 trillion. This value grew 18.6% yoy from the same position last year of Rp. 208.33 trillion.


C. Market Statistics
DJIA -53.02 -0.22% 24370
NASDAQ +11.31 +0.16% 7031
GOLD -1.4 -0.11% 1248.05
OIL +0.89 +1.75% 51.73
COAL (Dec/Newcastle) +0.1 +0.1% 102.65
COAL (Dec/Rotterdam) -0.1 -0.12% 86.45
NICKEL -40 -0.37% 10747.5
TIN +112.5 +0.59% 19065
CPO (Feb) -26 -1.27% 2016
EIDO +0.04 +0.14% 24.41
US 10yr +0.023 +0.81% 2.879
INDO 10yr +0.0656 +0.8% 8.3042
INDO CDS 5yr -4.78 -3.28% 140.97
TLK 49.8 (3637)
IDR (Spot) 14607
IDR (Investing, 12/12/18/Fut, 05.00) 14640

IDX Range.      :  6,036 - 6,127
USD/IDR Range: 14,560 - 14,670


D. Stock Pick
1. BBCA
52Week Price Range: 20600 - 26975
Monthly RLine: 29900 - 28050 - 27050
Monthly PP: 25200
Monthly SLine: 24200 - 22350 - 21350
Summary: STRONG BUY

2. ICBP
Daily Price Range: 9550 - 9750
Daily RLine: 9959 - 9867 - 9784
Daily PP: 9692
Daily SLine: 9609- 9517 - 9434
Summary: STRONG BUY

3. JSMR
Daily Price Range: 4480 - 4570
Daily RLine: 4636 - 4613 - 4566
Daily PP: 4543
Daily SLine: 4496 - 4473 - 4426
Summary: STRONG BUY

4. HOKI
52Week Price Range: 322 - 1015
Monthly RLine: 979 - 912 - 784
Monthly PP: 717
Monthly SLine: 589 - 522 - 394
Summary: STRONG BUY

 

Smart Trend Team (GR)
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