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Indonesian Market Today 27 November 2018

  • Regular
  • Asian Market
  • 3 months ago
  • 77

A. Indonesia Morning Market Review
Tuesday (11/27/2018). The combination of sharp rise in DJIA + 1.46%, Oil + 2.32%, Tin + 1.58%, Gold + 0.43% and appreciation of the Rupiah against the Dollar was factors for JCI to continue to strengthen today.


B. Indonesia Corporate News
1. PT Kirana Megatara (KMTR)
The company is ready to realize the rights issue on January 17-23 2019. This corporate action will reduce the Triputra Group's ownership of the KMTR. The number of shares released amounted to 1.1 billion shares, or 14.32% of the total issued and paid-up capital of 7.68 billion shares. As of November 22, 2018, the main shareholder of KMTR was PT Triputra Persada Megatara 47.5%, HSF (S) Pte. Ltd. 47.20%, and public 5.3%. The composition changes from the end of October 2018. On October 31, 2018, the composition of KMTR shareholders was PT Triputra Persada Megatara (TPM) 47.5%, HSF (S) Pte. Ltd. 45%, and the public 7.5%. Citing Bloomberg data, HSF is a rubber distribution company based in Singapore.

2. PT Wijaya Karya (WIKA)
The company plans to emit perpetual bonds of IDR 500 billion to IDR 1 trillion by the end of this year to spur investment in early 2019. Funds raised will be used to encourage investment in the first quarter of 2019. Funds from perpetual bonds are planned to be used to invest in several energy sector objects.

3. PT Elnusa (ELSA)
The company seeks to diversify service contracts to face the decline in global oil prices. Elnusa has a contract for upstream oil and gas services, downstream transportation and energy distribution services, and oil and gas support services. The total new contracts pocketed throughout the first 10 months of 2018 reached IDR 3 trillion.

4. PT Nusantara Pelabuhan Handal (PORT)
The company injects capital into its subsidiary, PT PBM Adipurusa, worth Rp.41.42 billion. After the capital participation, the authorized capital of PT PBM Adipurusa increased from Rp100 billion to Rp149.7 billion. Meanwhile, the composition of its shareholding becomes 77.77% PT Nusantara Pelabuhan Handal Tbk., 15.55% of PT New Sea Shipping, and 6.68% of PT Kamal Bersaudara Berjaya.

5. PT Link Net (LINK)
The company is optimistic that it can achieve profits in excess of Rp 2 trillion next year as the company's strategy this year has been quite successful. In the future, the company also ensures that it will not rely on debt in expansion.


C. Market Statistics
DJIA +354.29 +1 46% 24640
NASDAQ +142.87 +2.06% 7081
GOLD +5.3 +0.43% 1228.7
OIL +1.17 +2.32% 51.59
COAL (Nov/Newcastle) -0.35 -0.34% 101.4
COAL (Nov/Rotterdam) +0.75 +0.85% 88.55
NICKEL +5 +0.05% 10877.5
TIN +292.5 +1.58% 18827.5
CPO (Nov) -80 -3.91% 1965
EIDO +0.28 +1.16% 24.45
US 10yr +0.018 +0.59% 3.072
INDO 10yr -0.0062 -0.08% 8.1283
INDO CDS -6.12 -3.99% 147.445
TLK 55.16 (3992)
IDR (Spot) 14475
IDR (Investing, 27/11/18/Fut, 04.30) 14501

IDX Range.      :  5,990 - 6,061
USD/IDR Range: 14,430 - 14,510


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: 8325 - 8425
Daily RLine: 8575 - 8500 - 8450
Daily PP: 8375
Daily SLine: 8325 - 8250 - 8200
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3950 - 4000
Daily RLine: 4060 - 4030 - 4010
Daily PP: 3980
Daily SLine: 3960 - 3930 - 3910
Summary: STRONG BUY

4. ICBP
Daily Price Range: 8850 - 8975
Daily RLine: 9116 - 9058 - 8991
Daily PP: 8933
Daily SLine: 8866 - 8808 - 8741
Summary: STRONG BUY

Smart Trend Team (GR)
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