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Indonesian Market Today 26 November 2018

  • Regular
  • Asian Market
  • 6 months ago
  • 89

A. Indonesia Morning Market Review
Monday (11/26/2018). Rupiah appreciation factors, falling commodity prices and foreign buying worth IDR 1.74 trillion during the last week in anticipation of December Window Dressing and the January Effect at the beginning of 2019. So, last week the JCI rose + 0.85%, at the beginning of this week, with enough negative news overshadowed them again like; the decline of DJIA -0.73%, sharp fall in the price of Oil -7.71%, Nickel -0.8%, Tin -3.74%, Gold -0.37% and Coal -0.68% to be a negative factor which we predict JCI will go down today.


B. Indonesia Corporate News
1. PT United Tractors (UNTR)
The company won sales of the Komatsu brand heavy equipment in the amount of 4,181 units in the period January-October 2018 or an increase of 36.72% YoY. That volume covers 90.89% of the year-long target of 4,600 units. The market in the mining sector dominates absorption by 53%, then construction 21%, plantations 16% and forestry 10%.

2. PT Mitra Keluarga Karyasehat (MIKA)
The company is negotiating to acquire two hospitals to increase revenue growth. The company will use internal cash for the acquisition of the two hospitals. Currently the company still has internal cash worth Rp1.8 trillion which will be used for expansion needs. MIKA will open two new hospitals in Bintaro and Jatiasih in the first quarter of 2019, with investment needs of Rp250 billion - Rp270 billion, and Rp80 billion for the purchase of beds.

3. PT Petrosea (PTRO)
The company succeeded in gaining revenues of US $ 326.16 million, up 45.54% compared to the same period the previous year of US $ 224.10 million. The company posted a current period profit attributable to the parent entity amounting to US $ 17.78 million, up 128.24 percent from the third quarter of 2017 net income of US $ 7.79 million.

4. PT Golden Energy Mines (GEMS)
Until the end of 2018 the company targets coal production of 22 million-23 million tons, and sales volume of 24 million-25 million tons. The composition of the export and domestic markets is 65%: 35%. The estimated net profit for this year is at least the same as 2017 valued at US $ 117.72 million. As of September 2018, GEMS posted revenues of US $ 767.06 million, jumping 67.36% yoy from US $ 458.32 million. The company's net profit in the same period rose 26.05% yoy to US $ 96.46 million from the position as of September 2017 of US $ 76.53 million.


C. Market Statistics
DJIA -178.74 -0.73% 24286
NASDAQ -33.27 -0.48% 6939
GOLD -4.6 -0.37% 1223.4
OIL -4.21 -7.71% 50.42
COAL (Nov/Newcastle) -0.7 -0.68% 101.75
COAL (Nov/Rotterdam) +0.45 +0.51% 87.8
NICKEL -87.5 -0.8% 10872.5
TIN -720 -3.74% 18535
CPO (Nov) -9 -0.44% 2045
EIDO +0.14 +0.58% 24.17
US 10yr -0.007 -0.23% 3.054
INDO 10yr -0.0477 -0.58% 8.1822
INDO CDS +1.415  +0.93% 153.565
TLK 54.58 (3969)
IDR (Spot) 14545
IDR (Investing, 24/11/18/Fut, 07.00) 14535

IDX Range.      :  5,954 - 6,026
USD/IDR Range: 14,000 - 14,570


D. Stock Picks
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: 8300 - 8425
Daily RLine: 8759 - 8617 - 8534
Daily PP: 8392
Daily SLine: 8309 - 8167 - 8084
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3950 - 4000
Daily RLine: 4090 - 4040 - 4010
Daily PP: 3960
Daily SLine: 3930 - 3880 - 3850
Summary: STRONG BUY

4. ICBP
Daily Price Range: 8875 - 9000
Daily RLine: 9084 - 9017 - 8984
Daily PP: 8917
Daily SLine: 8884 - 8817 - 8784
Summary: STRONG BUY


Smart Trend Team (GR)
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