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Indonesian Market Today 5 December 2018

  • Regular
  • Asian Market
  • 1 month ago
  • 25

A. Indonesia Morning Market Review
Wednesday (05/12/2018). The drop in 10-year US Treasury yields to the lowest level since mid-September made the difference between 10-year yields with a short 2-year tenor narrowing to the lowest level in the past 10 years. Moreover, US Treasury Yields of 2 and 3 years are now above the 5-year yield. Because when the 2 years US Treasury yield is higher than 10 years, from 50 years historical period, it signal the begun of recession.

The emergence of doubts about an agreement within 90 days of trade war has made the DJIA drop sharply -3.1% amid the EIDO -1.94% and Oil -0.96% making JCI expected to be weaken today.

Fitch Revised Indonesia's Banking Sector Outlook
The performance of the banking sector in the Asia Pacific region is depressed. Fitch Ratings also revised the outlook for the banking sector in Hong Kong, Singapore and Indonesia from stable to negative this year. The tension of trade wars, rising interest rates, and slowing economic growth in China are key factors that can test the quality of bank assets.


B. Indonesia Corporate News
1. PT Intraco Penta (INTA)
The company markets 770 units of heavy equipment, up 53% yoy from the previous 503 units. The sales value grew 58% yoy to Rp1.62 trillion from the position of 10 months in 2017 amounting to Rp1.03 trillion. AdaIn 2019, INTA through its subsidiary PT Intraco Penta Prima Servis (IPPS) targets sales of heavy equipment to grow steadily by around 20%. Meanwhile, in 2018 the company aims to increase sales by 40% or reach 808 units.

2. PT Hexindo Adiperkasa (HEXA)
In 2019 national heavy equipment sales can grow 10-15 percent from this year's estimate of 9,500 units. The main sentiment that is driving is the increase in coal prices and other commodities, as well as demand in the infrastructure sector. HEXA booked the marketing of heavy equipment 1,3700 units per November 2018. The composition of demand from the forestry, agribusiness, construction and mining sectors tended to be similar in the range of 20-30%.

3. PT Transcoal Pacific (TCPI)
TCPI through a controlled company PT Sentra Makmur Lines on Friday, November 30, bought 1 mother vessel MV Aquarius Ocean (GRT 30,014 and NRT 18,846 years of 2005). 2005 from a company domiciled in Singapore. The purchase price was US $ 13 million, 70% funded loans obtained from government banks and make the mother vessel a collateral for loan funds.

4. PT Mark Dynamics (MARK)
The Company intends to do a share nominal value breakdown with a ratio of 1: 5 from the old nominal price of Rp100 to Rp20 per share.


C. Market Statistics
DJIA -799.4 -3.1% 25027
NASDAQ -283.1 -3.8% 7158
GOLD +7.4 +0.6%% 1243.9
OIL -0.51 -0.96% 52.6
COAL (Dec/Newcastle) +0.4 +0.4% 102.85
COAL (Dec/Rotterdam) -0.45 -0.52% 85.75
NICKEL -65 -0.58% 11132.5
TIN +335 +1.78% 19195
CPO (Feb) +10 +0.5% 2000
EIDO -0.49 -1.94% 24.77
US 10yr -0.068 -2.27% 2.924
INDO 10yr +0.0141 +0.18% 8.0487
INDO CDS +3.09 +2.28% 138.79
TLK 51.56 (3684)
IDR (Spot) 14291.5
IDR (Investing, 05/12/18/Fut, 05.00) 14406

IDX Range.      :  6,061 - 6,173
USD/IDR Range: 14,250 - 14,410


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. ASII
Daily Price Range: 8425 - 8600
Daily RLine: 8991 - 8883 - 8741
Daily PP: 8633
Daily SLine: 8491 - 8383 - 8241
Summary: STRONG BUY

3. ICBP
Daily Price Range: 9450 - 9750
Daily RLine: 10209 - 10092 - 9859
Daily PP: 9742
Daily SLine: 9509 - 9392 - 9159
Summary: STRONG BUY

4. JSMR
Daily Price Range: 4380 - 4630
Daily RLine: 4984 - 4767 - 4614
Daily PP: 4397
Daily SLine: 4244 - 4027 - 3874
Summary: STRONG BUY


Smart Trend Team (GR)
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