Previous Day:
Pada penutupan perdagangan hari Rabu (11/12), IHSG turun sebanyak –3,935 poin (-0,09%) ke level 4271,743. Ada seban-yak 94 saham yang naik, 156 saham yang mengalami koreksi, dan 94 saham yang stagnan. Total perdagangan hari ini seban-yak Rp 4,453 triliun. LQ45 naik 0,254 poin (0,04%) ke level 714,026. Sektor-sektor di zona hijau adalah sektor infrastruk-tur naik 0,96% dan sektor keuangan naik 0,32%. Sektor-sektor di zona merah adalah Sektor-sektor aneka industri turun 1,04%, sektor pertambangan turun 0,63%, dan sektor perda-gangan turun 0,54%. Foreign net buy sebesar Rp 171,76 mil-iar. Indeks Nikkei merosot 0,62%. Indeks Straits Times berkurang 0,59%. Indeks Hang Seng terjerembab 1,71%. Indeks Shanghai turun 1,49%.
Today’s Market:
Secara teknikal indeks hari Kamis (12/12), prediksi IHSG akan bergerak menguat di kisaran 4250-4290. Data anggaran bulanan Amerika yang defisit sebesar US$ 135 miliar (estimasi US$ 145 miliar) dan dengan persetujuan perundin-gan anggaran yang akan menghindarkan Amerika dari terjad-inya shutdown di bulan Januari dipastikan akan memberikan sentimen positif terhadap indeks. Perundingan anggaran ini membahas mengenai pengeluaran pemerintah, pengurangan defisit dan sequestration. Sementara itu dari Indonesia, rilis-nya suku bunga acuan BI turut dapat memberikan sentimen terhadap indeks.
Top Technical Buys:
BBCA, TLKM, SMGR, CPIN
Sinarmas Investment Research/ 62 21 3925550/research@sinarmassekuritas.co.id
DAILY RESEARCH
UNDERVALUED STOCKS 2013: MYOR 34,600 ROTI 1,330 Closing JCI Transaction Value (Rp tn) Transaction Volume (mn shares)
Foreign Net Buy (Sell) (Rp bn) 171.76 Foreign Net Buy (Sell) YTD (Rp tn) (17.22) as percentage of last year's (1.94) Total Market Capitalization (Rp tn) 3,935.08
Closing 1 Day Return % YTD Change % 4,271.74 (0.09) (1.0) 714.03 0.04 (2.9) 22.48 (2.89) (25.7) 21.54 (2.49) (24.8) 15,843.53 (0.81) 20.9 1,782.22 (1.13) 25.0 4,003.81 (1.40) 32.6 6,507.72 (0.24) 10.3 15,336.04 (0.62) 47.5 23,338.24 (1.71) 3.0 3,060.74 (0.59) (3.4) 1,842.82 (0.06) 9.1 FOREX Change YTD Change % USD/IDR 71.30 (18.3) EUR/IDR 109.15 (21.7) JPY/IDR 1.39 (3.4) SGD/IDR 39.58 (16.2) AUD/IDR 91.18 (7.7) GBP/IDR (49.69) (19.6) Price 1 Day Return % YTD Change % CRUDE OIL (USD)/BARREL 97.38 (0.06) 6.0 COAL (USD) / MT 84.00 (0.71) (6.8) NATURAL GAS (USD) / mmBtu 4.34 0.00 29.4
GOLD (USD) / OUNCE 1,253.65 0.11 (25.2) NICKEL (USD) / MT 14,030.00 0.72 (17.8) TIN (USD) / MT 22,650.00 0.89 (3.2) CPO (MYR) / MT 2,599.00 0.00 12.0 RUBBER (JPY)/KG 274.50 (0.15) (4.8) WHEAT/BUSHEL 6.30 0.12 (19.0) 4,271.74 4.453 4,625 IDX Statistics Commodities JCI LQ45 EIDO IDX 9,563.44 10,933.20 19,683.77 Key Indices STRAITS TIMES KLSE Rate (IDR) 11,991.30 16,502.79 116.96 HANG SENG DOW JONES S&P 500 NASDAQ FTSE NIKKEI T h u rsd a y, D ec em ber 12, 2013 4230 4250 4270 4290
JCI Index
2
CORPORATE NEWS
Thursday, December 12, 2013•
PT Indoritel Makmur Internasional Tbk (DNET) lewat anak usahanya, PT Indomarco Prismatama ber-encana menambah ribuan gerai Indomaret. Lewat penambahan 1.300 gerai baru tahun depan, perusahaan menargetkan gerai indomaret menjadi 9.800 pada akhir tahun depan. Setiap gerai Indomaret membu-tuhkan investasi rata-rata Rp 1 miliar. Dengan demikian, Indomarco mesti menyiapkan investasi pemban-gunan gerai baru sebesar Rp 1,3 triliun. Disamping itu, DNET memiliki dana yang akan dimanfaatkan untuk modal kerja anak usahanya tahun depan 2014. Saat ini masih ada sisa dana Rp 250 miliar hasil dari rights issue. Rencananya sisa dana juga akan digunakan untuk mengembangkan portal ogahrugi.com. (Positive) Source: Kontan•
PT Aneka Tambang Tbk (ANTM) membangun pabrik pemasok oksigen (oxygen plant) senilai US$ 11 juta. Perusahaan gencar mengejar proyek perluasan pabrik feronikel Pomalaa (P3FP). Perusahaan telah men-datangani kontrak engineering, procurement and construction (EPC) untuk aksi tersebut. Perusahaan meng-gandeng Daesung Industrial Gases Co Ltd Korea dan PT Koin Konstruksi Indonesia. Proyek senilai US$ 11 juta ditargetkan rampung pada semester I 2015. Oxygent Plant berguna untuk menambah kapasitas paso-kan oksigen bagi proses pemurnian feronikel berkualitas tinggi alias low carbon ferronickel. Pendanaan akan berasal dari obligasi korporasi yang diterbitkan pada tahun 2011 yang lalu. (Positive) Source: Kontan•
Penjualan PT Semen Indonesia Tbk (SMGR) terus tumbuh. Hingga November 2013, perusahaan telah menjual 23,41 juta ton semen atau naik 14,6% yoy. Penjualan semen perusahaan ini lebih tinggi dibanding-kan pertumbuhan penjualan industri semen yang hanya 6,4%. Dari total penjualan ini, penjualan domestik perusahaan naik 13,5% menjadi 23,09 juta ton. Disamping itu, total penjualan ekspor melejit 335,3% men-jadi 317.556 ton. (Positive) Source: Kontan•
PT Logindo Samudramakmur Tbk (LEAD) akan investasi senilai US$ 240 juta hingga 2015. Dana ini akan digunakan untuk membiayai pembelian sekitar 12-15 unit kapal baru. Perusahaan bergerak di bidang ang-kutan lepas pantai (off shore support vvessel) ini memiliki sebanyak 58 armada. Armada perusahaan menca-kup AHTS, landing craft transport, platform supply vessel, accommodation barge, dan crew boat. Menurut manajemen perusahaan, investasi pembelian kapal tersebut direalisasikan secara bertahap dengan angga-ran sebanyak US$ 80 juta per tahun mulai tahun ini hingga 2015. Pendanaan sebagian besar berasal dari pinjaman dan sisanya kas internal. (Positive) Source: Bisnis Indonesia
Eddy Wijaya/ Technical Analyst/62 21 3925550
TRADING VIEW
These recommendations are more based on technical and just for one day trading
Thursday, December 12, 2013
By: Rheza, Tie sha, R icha rdRESEARCH DEPARTMENT
TICKER RECOMMENDATION PRICE ENTRY EXIT S2 S1 R1 R2 EXPLANATION AGRICULTURE
AALI Buy on Weakness 25150 24950 25250 24800 24950 25250 25400 Stoc osc : downtrend BWPT Trading Sell 1310 1310 1290 1270 1290 1330 1350 Macd : downtrend LSIP Buy on Weakness 1970 1950 2000 1920 1950 2000 2050 Black spinning top BANK & FINANCE
BMRI Buy on Weakness 7800 7700 7900 7600 7700 7900 8000 Stoc osc : uptrend BBRI Buy on Weakness 7350 7250 7400 7150 7250 7400 7550 Rsi : uptrend BBNI Buy on Weakness 3975 3925 4025 3875 3925 4025 4075 Long legged doji BBCA Trading Buy 9850 9850 9950 9600 9700 9950 10100 Macd : uptrend CONSUMER GOODS
INDF Buy on Weakness 6700 6600 6800 6450 6600 6800 6950 Long legged doji ICBP Buy on Weakness 10050 9950 10200 9800 9950 10200 10350 Stoc osc : uptrend GGRM Take profit 41400 - 41900 40650 41100 41900 42350 Rsi : reversal UNVR Buy on Weakness 26600 26400 26850 26200 26400 26850 27100 Rsi : downtrend CPIN Trading Buy 3450 3450 3500 3350 3400 3500 3600 Doji
MAIN Buy on Weakness 3175 3125 3225 3075 3125 3225 3275 Gravestone doji BASIC & MISC INDUSTRY
ASII Buy on Weakness 6450 6400 6500 6300 6400 6500 6650 Rsi : downtrend SMGR Trading Buy 13250 13250 13350 13000 13150 13350 13500 Doji
INTP Buy on Weakness 19400 19300 19650 18900 19300 19650 19800 Rsi : downtrend INFRASTRUCTURE
TLKM Trading Buy 2100 2100 2150 2000 2050 2150 2250 Long white candle PGAS Buy on Weakness 4875 4825 4950 4775 4825 4950 5000 White spinning top JSMR Trading Sell 4900 4900 4850 4750 4850 5000 5100 Black spinning top TBIG Trading Sell 5800 5800 5700 5600 5700 5900 6050 Black spinning top
RETAIL
MAPI Buy on Weakness 5600 5500 5650 5400 5500 5650 5750 Rsi : reversal RALS Trading Sell 1050 1050 1030 1000 1030 1070 1090 Macd : downtrend ACES Buy on Weakness 670 650 680 630 650 680 700 Stoc osc : reversal MPPA Buy on Weakness 1940 1920 1950 1900 1920 1950 1970 Black spinning top MINING
PTBA Buy on Weakness 11750 11600 11850 11450 11600 11850 11950 Stoc osc : golden cross ADRO Buy on Weakness 1220 1210 1240 1190 1210 1240 1260 Black spinning top ITMG Trading Sell 28600 28600 28450 28100 28450 28900 29100 Black spinning top ANTM Buy on Weakness 1250 1230 1270 1210 1230 1270 1290 Rsi : Downtrend TINS Buy on Weakness 1660 1640 1680 1620 1640 1680 1720 Rsi : uptrend UNTR Buy on Weakness 19400 19250 19550 19100 19250 19550 19700 Stoc osc : uptrend PROPERTY
ASRI Buy on Weakness 465 455 470 445 455 470 485 Rsi : reversal LPKR Buy on Weakness 900 880 910 860 880 910 930 Doji CTRA Buy on Weakness 740 720 750 700 720 750 780 Rsi : reversal APLN Buy on Weakness 225 215 230 205 215 230 240 Rsi : downtrend SMRA Trading Sell 860 840 880 820 840 880 910 Black spinning top SSIA Buy on Weakness 680 660 700 640 660 700 730 White spinning top BSDE Buy on Weakness 1370 1350 1400 1330 1350 1400 1420 White spinning top WIKA Buy on Weakness 1660 1640 1680 1620 1640 1680 1700 Rsi : reversal PTPP Buy on Weakness 1140 1120 1160 1100 1120 1160 1180 Macd : neutral
4
Global Equity Indices
Description YTD Change % 12-Dec-13 Forward 2013 P/E Ratio (Best Est.)
LQ45 (2.9) 714 Nikkei 225 47.5 15,332 JCI (1.0) 4,272 FTSE 100 10.3 6,508 ASX 200 8.9 5,063 DJIA 20.9 15,844 S&P500 25.0 1,782 STI (3.4) 3,061 CAC 40 12.2 4,087 Shanghai Composite (2.9) 2,204 DAX 19.2 9,077 KOSPI (1.5) 1,967 Hang Seng 3.0 23,338 Euro Stoxx 11.8 2,947
Description YTD Change % 12-Dec-13 Description YTD Change % 12-Dec-13
AALI 27.7 25,150 ICBP 28.8 10,050 ADRO (23.3) 1,220 IMAS (6.6) 4,950 AKRA 13.3 4,700 INCO 16.0 2,725 ANTM (2.3) 1,250 INDF 14.5 6,700 ASII (15.1) 6,450 INDY (54.9) 640 ASRI (22.5) 465 INTP (13.6) 19,400 BBCA 8.2 9,850 ITMG (31.2) 28,600 BBNI 7.4 3,975 JSMR (10.1) 4,900 BBRI 5.8 7,350 KLBF 15.1 1,220 BBTN (35.2) 940 LPKR (10.0) 900 BDMN (34.5) 3,700 LSIP (14.3) 1,970 BHIT (38.0) 335 MAIN 33.7 3,175 BKSL (9.5) 171 MAPI (15.8) 5,600 BMRI (3.7) 7,800 MNCN 3.0 2,575 BMTR (19.2) 1,940 PGAS 6.0 4,875 BSDE 23.4 1,370 PTBA (22.2) 11,750 BUMI (52.5) 280 SMCB (18.1) 2,375 BWPT (5.1) 1,310 SMGR (16.4) 13,250 CPIN (5.5) 3,450 SSIA (37.0) 680 EXCL (12.7) 4,975 TLKM 16.7 2,100 GGRM (26.5) 41,400 UNTR (1.5) 19,400 GIAA (25.8) 490 UNVR 27.6 26,600
HRUM (46.3) 3,225 JAKPROP INDEXJAKBIND INDEX
Sectors JAKFIN INDEX
Description JAKCONS INDEX
Property (5.7) JAKMIND INDEX
Basic Industry (3.2) JAKINFR INDEX
Trade (3.3) JAKAGRI INDEX
Finance (2.3) JAKMINE INDEX
Miscellaneous Industry (3.3) Consumer (3.2) Infrastructure (3.1) Agriculture 9.4 Mining (2.4) 1-mth Return %
Selected Indonesian Equities
14.9 19.6 14.9 13.5 14.6 14.9 16.0 14.5 13.5 9.7 13.5 9.3 11.1 13.5
See important disclaimer at the end of this report
Dividen
Stock Split
Upcoming IPO
Thursday, December 12, 2013
Ticker Status DPS (Rp) Cum Date Ex Date Recording Payment SCMA Final 15 21 November 2013 22 November 2013 26 November 2013 10 Desember 2013 SMSM Final 60 22 November 2013 25 November 2013 27 November 2013 11 Desember 2013 EMTK Final 29 26 November 2013 27 November 2013 29 November 2013 13 Desember 2013 BBCA Final 45 28 November 2013 29 November 2013 3 Desember 2013 17 Desember 2013 LPKR Final 11.85 29 November 2013 2 Desember 2013 4 Desember 2013 18 Desember 2013 HMSP Final 969 2 Desember 2013 3 Desember 2013 5 Desember 2013 18 Desember 2013 BATA Final 15.08 9 Desember 2013 10 Desember 2013 12 Desember 2013 20 Desember 2013
Ticker OS:NS Ticker OS:NS
MAPI 1:10 NIPS 1:20
ALMI 1:2 INAI 1:2
Company Business
Offer-ing Date Share in Rp. Price Listing Date
PT Bank Muamalat indonesia Perbankan 550-975
PT Blue Bird Jasa operator taksi dan jasa angkutan penumpang darat
PT Citra Borneo Indah Kelapa Sawit
PT Dwi Aneka Jaya Kemasindo Kemasan percetakan offset dan karton gelombang
425-550 PT Eka Sari Lorena Transport Transportasi
PT Indomobil Multi Jasa Jasa pembiayaan konsumen dan perse-waan kendaraan
PT Sawit Sumbermas Sarana Pertanian, perdagangan, pemborongan, industri, jasa dan percetakan
PT Puradelta Lestari Properti 205-255
PT Sido Muncul Jamu
6
Global Reference Rates FOREX Rate (USD) Change %
FED Rate 0.25 USDIDR 11,991 (0.59)
BI Rate 7.50 USDEUR 0.73 0.08
ECB Rate 0.25 USDJPY 103 (0.23)
BOJ Rate 0.10 USDSGD 1.25 (0.11)
BOE Rate 0.50 USDAUD 1.10 (0.05)
PBOC Rate 6.00 USDGBP 0.61 0.07
Description November October
Inflation YTD (%) 7.79 7.66 8.00
Inflation YOY (%) 8.37 8.32 0.87
Inflation MOM (%) 0.12 0.09 1.46
Foreign Reserve (USD Bn) 97.00 95.70 8.18
GDP (YOY Growth) 3Q2013 (%) 5.62 5.62 8.68
GDP (IDR tn) 3Q2013 2.96 2.96 9.20
Dual Listed Price (IDR) Change %
TLKM (US) 1,978.52 0.00 ANTM (GR) 1,073.57 (1.52)
%
Lending & Deposit Rates
INDOGB 15Y YIELD (%) JIBOR (IDR) (%) LIBOR (GBP) (%) SIBOR (USD) (%) INDOGB 5Y YIELD (%) INDOGB 10Y YIELD (%)
MACRO INDICATORS RAPBN 2014 APBN-P 2013 APBN 2013
GDP (%) 5.8-6.1 6.3 6.8
Inflation (%) 4.5-5.5 7.2 4.9
IDR/USD (IDR) 10,000-10,500 9,600 9,300
SBI—3 Months (%) 5.5 5.0 5.0
Crude Oil (USD/brl) 106 108 100
Oil Production (bpd) 870,000 840,000 900,000
Total APBN (IDR tn) 1,240 1,726 1,683
DISCLAIMER
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without no-tice.
