See important disclaimer at the end of this report

(1)

ID X St at ist ics C lo sing

JCI 5,976.55

Transaction Value Regular M arket (IDR tn) 6.003 Transaction Volume Regular M arket (mn shares) 6,273

Foreign Net Buy (Sell) (IDR bn) 885

Foreign Net Buy (Sell) (3.69)

Total M arket Capitalization (IDR tn) 6,762.20

LQ45 946.15 0.85 (12.34)

STRAITS TIM ES 3,257.05 0.64 (4.29)

KLSE 1,793.15 (0.31) (0.20)

Crude Oil (USD/barrel) 73.48 8:01:12 AM 21.62

Coal (USD/mn tons) 113.85 9/28/2018 13.24

Natural Gas (USD/mmBtu) 3.02 7:59:17 AM 2.17

Gold (USD/ounce) 1,189.42 8:11:13 AM (8.70)

Nickel (USD/mn tons) 12,560.00 8:06:40 AM (1.57)

Tins (USD/mn tons) 18,875.00 9/28/2018 (5.74)

CPO (M YR/mn tons) 2,118.00 9/28/2018 (13.34)

Rubber (JPY/kg) 150.00 7:49:41 AM (26.97)

Wheat (USD/bushel) 511.50 8:00:40 AM 19.79

Corn (USD/bushel) 357.25 8:00:53 AM 1.85

P rice Last

• I HSG diperkirakan bergerak m ix ed dengan kecenderungan

m enguat . Bursa AS dit ut up m enguat pada perdagangan year ( yoy) m encapai 3,02 persen.

• Sehubungan dengan em it en, I ndofood CBP Sukses Mak-bergerak di kisaran 5945 - 6007.

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D a ily Cor por a t e a n d I n du st r y N e w s

Belanj a sosial pada pagu Kem ent erian Sosial berdasarkan hasil pem bahasan Kom isi VI I I DPR dengan pem erint ah disepakat i sebesar Rp54,3 t riliun at au 92,18% dari t ot al pagu t ot al belanj a Kem ensos sebesar Rp58,9 t riliun. Se-m ent ara it u, diput uskan pula t arget prograSe-m priorit as pada 2019, yakni bant uan PKH saSe-m pai kepada 10 j ut a Ke-luarga Penerim a Manfaat ( KPM) . Source: Bisnis I ndonesia

Sej um lah ekonom m em perkirakan pada Sept em ber 2018 t erj adi deflasi at au kem ungkinan lain m engalam i inflasi rendah. Hal it u disebabkan oleh harga pangan yang r elat if t erj aga. Source: I nv est or Daily

PT Bur sa Efek I ndonesia ( BEI ) sedang m em persiapkan perat uran baru t erkait penerbit an saham baru dengan skem a privat e placem ent . Skem a ini m em ungkinkan m engonversi ut ang kepada kredit ur m enj adi saham baru t anpa har us lock up saham dalam 12 bulan. Sour ce: I nvest or Daily

I ndonesia Asahan Alum inium ( I nalum ) m engklaim akan m enunt askan t ransak si akuisisi 51,23% saham PT Freeport I ndonesia ( Freeport ) senilai US$ 3,85 m iliar at au Rp 57 t riliun pada Novem ber t ahun ini. Nam un hingga kini m ana-j em en I nalum belum m enana-j elaskan secara m endet ail skem a pendanaan yang bak al dit em puh. Source: Kont an

I ndofood CBP Sukses Mak m ur ( I CBP) m engak uisisi seluruh saham m ilik Nest le dalam PT Nest le I ndofood Cit arasa I ndonesia ( NI CI ) sebanyak 100,000 saham at au 50% dari t ot al saham yang dit erbit kan. Nilai t ransaksi saham t erse-but m encapai Rp 314 m iliar. Source: I nvest or Daily

Buy ung Poet ra Sem bada ( HOKI ) diperkirakan berhasil m em pert ahankan pert um buhan volum e penj ualan beras hingga akhir t ahun. Bahkan, pert um buhanny a kem ungkinan lam paui perkiraan sem ula. Keberhasilan t ersebut didu-kung at as kenaikan perm int aan pasar m elalui penguat an j aringan dist ribusi dan rendahnya t ingkat persaingan beras berm erek di dalam negeri. Source: I nvest or Daily

Bank Rakyat I ndonesia ( BBRI ) t elah m engakuisisi 67% saham Danareksa Sek urit as dan 35% Danareksa I nvest m ent Managem ent ( I M) yang dim iliki oleh PT Danareksa ( Persero) . Adapun nilai akuisisi keduanya sebesar Rp 819 m iliar at au 447 m iliar unt uk Danareksa Sekurit as dan Rp 372 m iliar unt uk Danareksa I M. Source: I nvest or Daily

Mayora I ndah ( MYOR) t elah m em bukukan pert um buhan penj ualan lebih dari 15% sepanj ang Januari —Agust us 2018, lebih t inggi dari t arget sepanj ang t ahun ini yang dipat ok 12% . Source: Bisnis I ndonesia

Sm art fren Telecom ( FREN) siap m elangsungkan penam bahan m odal dengan skem a hak m em esan efek t erlebih da-hulu ( HMETD/ right s issue) hingga Rp 6,7 t riliun. Perseroan t elah m eraih rest u dari shareholder dalam rapat um um pem egang saham luar biasa ( RUPSLB) , dan m enet apkan harga pelaksanaan Rp 100 per saham . Source: I nvest or Daily

Waskit a Karya ( WSKT) , lewat anak usahanya, PT Waskit a Toll Road ( WTR) , berniat m enerbit kan surat ut ang j angka m enengah ( m edium t erm not es ( MTN) dengan t arget dana Rp 1,16 t riliun pada periode kuart al I V- 2018 hingga t a-hun 2019. Surat ut ang it u bagian dari program MTN I I WTR dengan t arget penggalangan dana hingga Rp 1,5 t riliun. Source: I nvest or Daily

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W or ld Equ it y I n dice s

Source: Bloomberg, Sinarmas Investment Research W O R L D E Q U I T Y I N D I C E S

N O T I C K E R

1 IN D U Index 26,769.16 22,332.96 1,739.09 7.04 20.64 16.94 3.88 3.97 7,379.72 7,379.72

2 SP X Index 2,940.91 2,507.99 240.37 8.99 22.49 18.07 3.30 3.31 25,540.48 25,540.48

3 C C M P Index 8,133.30 6,454.86 1,142.96 16.56 40.74 24.06 3.80 3.75 12,584.27 12,584.27

4 SP T SX Index 16,586.46 14,785.78 (135.99) (0.84) 19.81 15.57 1.91 1.88 2,471.95 1,910.46

5 M EXB O L Index 51,121.23 44,429.36 149.74 0.30 19.72 16.83 2.65 2.67 5,939.88 317.38

6 SX5E Index 3,708.82 3,261.86 (104.76) (2.99) 18.41 14.07 1.67 1.76 2,921.66 3,393.22

7 UKX Index 7,903.50 6,866.94 (177.57) (2.31) 23.26 13.49 1.97 1.99 2,094.22 2,731.28

8 C A C Index 5,657.44 5,038.12 180.93 3.41 18.43 14.68 1.67 1.70 1,623.70 1,885.76

9 D A X Index 13,596.89 11,726.62 (670.91) (5.19) 19.19 13.37 1.86 1.91 1,133.72 1,316.70

10 IB EX Index 10,643.40 9,111.10 (654.70) (6.52) 15.07 12.30 1.47 1.48 586.77 681.47

11 F T SEM IB Index 24,544.26 20,236.27 (1,141.64) (5.22) 559.35 11.35 1.18 1.20 492.65 572.16

12 A EX Index 576.90 515.96 5.04 0.93 18.84 14.80 1.91 1.86 674.29 783.12

13 SM I Index 9,616.38 8,372.90 (293.88) (3.13) 24.52 15.90 2.59 2.59 1,100.94 1,127.66

14 A S51 Index 6,373.50 5,650.90 142.43 2.35 17.95 15.97 2.08 2.05 1,858.02 1,344.27

15 A S30 Index 6,481.30 5,715.40 158.22 2.57 18.90 16.04 2.00 1.96 2,015.57 1,458.27

16 SH SZ 300 Index 4,403.34 3,191.40 (592.00) (14.69) 16.47 11.77 2.05 2.10 27,356.76 3,982.58

17 SH A SH R Index 3,757.20 2,769.10 (508.73) (14.69) 16.86 11.48 1.80 1.85 30,043.69 4,373.75

18 SZ A SH R Index 2,140.56 1,438.39 (479.30) (24.13) 29.07 16.58 3.12 3.12 18,437.89 2,684.18

19 H SI Index 33,484.08 26,219.56 (2,130.63) (7.12) 13.71 11.39 1.39 1.42 18,039.09 2,305.17

20 H SC EI Index 13,962.53 10,196.71 (691.43) (5.90) 9.18 8.29 1.05 1.12 11,556.55 1,476.78

21 SEN SEX Index 38,989.65 31,243.71 2,170.31 6.37 24.56 19.46 3.12 2.98 65,747.38 906.24

22 N IF T Y Index 11,760.20 9,775.35 399.75 3.80 23.85 18.62 3.12 2.94 80,876.14 1,114.77

23 J C I Index 6,693.47 5,557.56 (379.10) (5.96) 24.62 15.66 2.58 2.59 6,762,196.48 453.53

24 LQ 45 Index 1,132.92 871.91 (133.23) (12.34) 21.16 16.29 3.39 3.40 4,310,505.47 289.10

25 KSE100 Index 47,144.12 37,736.73 527.11 1.30 8.99 8.53 1.46 1.43 7,238.94 58.78

26 N KY Index 24,286.10 20,285.06 1,355.10 5.95 19.40 16.97 1.90 2.00 407,460.58 3,589.96

27 N EY Index 376.09 323.31 4.72 1.32 16.06 12.83 1.38 1.35 459,557.47 4,048.96

28 T P X Index 1,911.31 1,645.16 (0.31) (0.02) 16.34 14.07 1.41 1.48 682,852.93 6,016.33

29 F B M KLC I Index 1,896.03 1,657.78 (3.66) (0.20) 16.68 17.29 1.67 1.64 1,117.53 270.03

30 N Z SE Index 1,652.90 1,424.15 125.57 8.31 19.27 21.78 2.03 2.03 134.60 89.28

31 P C O M P Index 9,078.37 6,923.67 (1,281.60) (14.97) 22.98 16.87 2.51 2.36 9,142.84 169.39

32 F SST I Index 3,641.65 3,102.73 (145.87) (4.29) 11.07 13.24 1.22 1.25 562.87 411.81

33 KO SP I Index 2,607.10 2,218.09 (124.42) (5.04) 12.69 9.42 1.05 1.07 1,515,406.72 1,365.37

34 T WSE Index 11,270.18 10,189.04 363.48 3.42 15.55 14.17 1.75 1.77 32,620.27 1,070.04

35 SET Index 1,852.51 1,584.68 2.70 0.15 18.90 16.34 2.08 2.13 17,712.67 548.21

36 SET 50 Index 1,223.67 1,043.32 23.61 2.08 17.52 16.06 2.26 2.30 12,179.13 376.95

37 VN IN D EX Index 1,211.34 795.05 32.89 3.34 19.00 17.38 2.81 2.91 3,254,417.41 139.55

A s i a / P a c i f i c A m e r i c a

5 2 - W E E K C H A N G E Y T D P E R ( x) P B V ( x) M A R K E T C A P ( B n )

E u r o p e

H I G H L O W P O I N T % 2 0 17 2 0 18 E 2 0 17 2 0 18 E D o m a i n

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LQ4 5

L Q 4 5 I n d e x

H I G H L O W P O I N T % 2 0 1 7 2 0 1 8 E 2 0 1 7 2 0 1 8 E

1 A D H I I J 1 , 3 9 0 2 , 5 1 0 1 , 3 2 0 (4 9 5 ) (2 6 . 2 6 ) 1 3 . 0 2 6 . 1 5 1 . 1 5 0 . 7 6 4 , 9 4 9 . 5 8

2 A D R O I J 1 , 8 3 5 2 , 6 5 0 1 , 5 7 5 (2 5 ) (1 . 3 4 ) 9 . 0 6 8 . 2 1 1 . 2 6 1 . 0 6 5 8 , 6 9 4 . 2 4

3 A K R A I J 3 , 6 7 0 8 , 0 2 5 3 , 2 2 0 (2 , 6 8 0 ) (4 2 . 2 0 ) 2 8 . 1 1 1 3 . 6 7 3 . 3 7 1 . 7 3 1 4 , 7 3 3 . 9 3

4 A N T M I J 8 4 5 1 , 0 1 5 6 0 0 2 2 0 3 5 . 2 0 - 2 7 . 3 7 0 . 8 1 1 . 0 9 2 0 , 3 0 6 . 0 0

5 A S I I I J 7 , 3 5 0 8 , 7 5 0 6 , 1 0 0 (9 5 0 ) (1 1 . 4 5 ) 1 7 . 8 3 1 4 . 1 7 2 . 7 2 2 . 2 0 2 9 7 , 5 5 4 . 1 2

6 B B C A I J 2 4 , 1 5 0 2 5 , 4 7 5 2 0 , 0 5 0 2 , 2 5 0 1 0 . 2 7 2 3 . 1 7 2 3 . 0 5 4 . 1 1 3 . 9 6 5 9 5 , 4 1 8 . 4 7

7 B B N I I J 7 , 4 0 0 1 0 , 1 7 5 6 , 7 5 0 (2 , 5 0 0 ) (2 5 . 2 5 ) 1 3 . 5 6 8 . 9 8 1 . 8 7 1 . 2 8 1 3 8 , 0 0 0 . 0 6

8 B B R I I J 3 , 1 5 0 3 , 9 2 0 2 , 7 2 0 (4 9 0 ) (1 3 . 4 6 ) 1 5 . 3 4 1 1 . 9 5 2 . 6 7 2 . 0 8 3 8 8 , 5 3 9 . 3 0

9 B B T N I J 2 , 6 3 0 3 , 8 9 0 2 , 1 1 0 (9 4 0 ) (2 6 . 3 3 ) 1 2 . 4 9 8 . 1 8 1 . 7 5 1 . 1 2 2 7 , 8 5 1 . 7 0

1 0 B J B R I J 2 , 0 3 0 2 , 7 5 0 1 , 7 9 5 (3 7 0 ) (1 5 . 4 2 ) 1 9 . 2 0 1 3 . 0 0 2 . 3 1 1 . 8 8 1 9 , 6 8 3 . 4 7

1 1 B M R I I J 6 , 7 2 5 9 , 0 5 0 6 , 2 0 0 (1 , 2 7 5 ) (1 5 . 9 4 ) 2 0 . 9 3 1 2 . 3 5 2 . 2 4 1 . 7 3 3 1 3 , 8 3 3 . 3 3

1 2 B M T R I J 4 0 4 7 5 5 3 7 8 (1 8 6 ) (3 1 . 5 3 ) - - 0 . 8 8 - 5 , 7 3 6 . 2 4

1 3 B R P T I J 1 , 8 4 0 2 , 7 2 0 1 , 5 1 0 (4 2 0 ) (1 8 . 5 8 ) 3 0 . 0 0 1 7 . 6 3 2 . 1 6 1 . 2 2 3 2 , 7 3 6 . 5 2

1 4 B S D E I J 1 , 1 5 5 1 , 9 6 5 1 , 0 8 0 (5 4 5 ) (3 2 . 0 6 ) 6 . 6 1 8 . 3 9 1 . 2 9 0 . 7 9 2 2 , 2 2 9 . 9 3

1 5 B U M I I J 2 1 6 3 5 6 1 7 1 (5 4 ) (2 0 . 0 0 ) 2 . 5 7 2 . 4 1 - - 1 4 , 1 4 2 . 6 8

1 6 E X C L I J 2 , 7 6 0 1 , 7 1 0 (2 0 0 ) (6 . 7 6 ) 8 5 . 1 6 7 1 . 6 5 1 . 4 6 1 . 3 4 2 9 , 4 9 8 . 7 7

1 7 G G R M I J 7 4 , 0 5 0 8 6 , 4 0 0 6 1 , 9 2 5 (9 , 7 5 0 ) (1 1 . 6 3 ) 2 0 . 8 0 1 6 . 8 9 3 . 8 2 3 . 0 9 1 4 2 , 4 7 8 . 7 2

1 8 H M S P I J 3 , 8 5 0 5 , 5 5 0 3 , 2 3 0 (8 8 0 ) (1 8 . 6 0 ) 4 3 . 5 4 3 4 . 0 2 1 6 . 1 3 1 2 . 7 3 4 4 7 , 8 2 4 . 6 0

1 9 I C B P I J 8 , 8 2 5 9 , 2 7 5 7 , 9 0 0 (7 5 ) (0 . 8 4 ) 2 7 . 3 1 2 4 . 4 9 5 . 3 1 4 . 7 4 1 0 2 , 9 1 6 . 3 4

2 0 I N C O I J 3 , 7 1 0 4 , 7 2 0 2 , 5 7 0 8 2 0 2 8 . 3 7 - 3 1 . 1 0 1 . 1 6 1 . 3 0 3 6 , 8 6 3 . 8 2

2 1 I N D F I J 5 , 9 0 0 8 , 6 7 5 5 , 8 5 0 (1 , 7 2 5 ) (2 2 . 6 2 ) 1 6 . 1 8 1 1 . 7 9 2 . 1 5 1 . 5 2 5 1 , 8 0 4 . 5 2

2 2 I N D Y I J 2 , 8 0 0 4 , 6 3 0 1 , 8 3 0 (2 6 0 ) (8 . 5 0 ) 3 . 5 0 4 . 9 4 1 . 2 7 0 . 9 9 1 4 , 5 8 8 . 5 4

2 3 I N T P I J 1 8 , 5 0 0 2 3 , 9 5 0 1 2 , 5 0 0 (3 , 4 5 0 ) (1 5 . 7 2 ) 4 3 . 4 5 4 9 . 7 2 3 . 2 9 2 . 7 8 6 8 , 1 0 2 . 7 9

2 4 J S M R I J 4 , 4 7 0 6 , 7 7 5 3 , 9 2 0 (1 , 9 3 0 ) (3 0 . 1 6 ) 2 1 . 1 1 1 6 . 7 9 3 . 0 8 1 . 9 4 3 2 , 4 4 2 . 6 8

2 5 K L B F I J 1 , 3 8 0 1 , 7 8 5 1 , 1 5 5 (3 1 0 ) (1 8 . 3 4 ) 3 2 . 9 6 2 6 . 1 4 5 . 9 6 4 . 4 3 6 4 , 6 8 7 . 6 7

2 6 L P K R I J 3 4 4 7 4 5 3 1 4 (1 4 4 ) (2 9 . 5 1 ) 1 8 . 0 9 1 0 . 0 1 0 . 4 9 0 . 3 7 7 , 9 4 1 . 9 9

2 7 L P P F I J 6 , 9 2 5 1 1 , 9 7 5 5 , 5 2 5 (3 , 0 7 5 ) (3 0 . 7 5 ) 1 5 . 2 9 1 0 . 1 7 1 2 . 5 3 5 . 4 9 2 0 , 2 0 6 . 5 8

2 8 M N C N I J 8 0 5 1 , 6 9 0 8 0 5 (4 8 0 ) (3 7 . 3 5 ) 1 1 . 7 8 7 . 4 9 1 . 8 6 1 . 1 1 1 1 , 4 9 2 . 2 6

2 9 M Y R X I J 1 3 0 1 9 8 1 0 1 2 0 1 8 . 1 8 - - - - 1 1 , 2 7 1 . 4 2

3 0 P G A S I J 2 , 2 5 0 2 , 8 6 0 1 , 3 6 5 5 0 0 2 8 . 5 7 2 0 . 7 7 1 5 . 0 9 0 . 9 9 1 . 1 5 5 4 , 5 4 3 . 3 9

3 1 P T B A I J 4 , 3 2 0 4 , 9 4 0 2 , 0 0 0 1 , 8 6 0 7 5 . 6 1 5 . 7 9 9 . 3 6 1 . 9 1 2 . 8 7 4 9 , 7 6 9 . 2 5

3 2 P T P P I J 1 , 5 2 5 3 , 2 8 0 1 , 4 6 5 (1 , 1 1 5 ) (4 2 . 2 3 ) 1 1 . 2 6 5 . 4 8 1 . 4 3 0 . 7 3 9 , 4 5 4 . 8 4

3 3 P W O N I J 5 1 5 7 2 5 4 9 0 (1 7 0 ) (2 4 . 8 2 ) 1 7 . 6 2 1 1 . 2 8 3 . 2 0 2 . 0 4 2 4 , 8 0 2 . 2 0

3 4 S C M A I J 1 , 8 7 5 2 , 9 8 0 1 , 7 6 5 (6 0 5 ) (2 4 . 4 0 ) 2 7 . 2 4 1 6 . 6 6 9 . 3 0 5 . 3 7 2 7 , 4 1 5 . 5 0

3 5 S M G R I J 9 , 9 2 5 1 1 , 7 7 5 6 , 5 0 0 2 5 0 . 2 5 2 9 . 1 4 2 9 . 5 0 2 . 0 3 1 . 9 5 5 8 , 8 7 0 . 3 4

3 6 S R I L I J 3 4 4 4 1 4 3 0 2 (3 6 ) (9 . 4 7 ) 7 . 2 6 - 1 . 1 8 - 7 , 0 3 5 . 5 5

3 7 S S M S I J 1 , 2 9 0 1 , 5 5 0 1 , 0 0 5 (2 1 0 ) (1 4 . 0 0 ) 1 7 . 9 2 1 4 . 4 1 3 . 5 4 2 . 7 0 1 2 , 2 8 7 . 2 5

3 8 T L K M I J 3 , 6 4 0 4 , 6 6 7 3 , 2 5 0 (7 5 9 ) (1 7 . 2 5 ) 1 9 . 6 8 1 6 . 9 7 4 . 7 0 3 . 5 8 3 6 0 , 5 8 6 . 4 7

3 9 T P I A I J 4 , 9 2 0 6 , 6 7 5 4 , 6 4 0 (1 , 0 8 0 ) (1 8 . 0 0 ) 2 3 . 8 1 2 7 . 5 0 4 . 7 4 3 . 3 4 8 7 , 7 4 0 . 9 2

4 0 T R A M I J 2 2 4 4 3 2 1 2 2 2 6 1 3 . 1 3 - - - - 1 1 , 1 1 7 . 9 5

4 1 U N T R I J 3 3 , 0 0 0 4 0 , 5 0 0 3 0 , 7 7 5 (2 , 4 0 0 ) (6 . 7 8 ) 1 7 . 8 4 1 2 . 0 0 2 . 9 1 2 . 3 6 1 2 3 , 0 9 4 . 4 6

4 2 U N V R I J 4 7 , 0 2 5 5 8 , 1 0 0 4 0 , 4 0 0 (8 , 8 7 5 ) (1 5 . 8 8 ) 6 0 . 8 9 4 6 . 6 4 8 2 . 4 4 5 9 . 2 2 3 5 8 , 8 0 0 . 7 5

4 3 W I K A I J 1 , 3 6 5 2 , 1 9 0 1 , 2 1 0 (1 8 5 ) (1 1 . 9 4 ) 1 1 . 5 5 8 . 2 5 1 . 1 0 0 . 8 6 1 2 , 2 4 3 . 9 8

4 4 W S B P I J 3 5 8 5 1 0 3 3 6 (5 0 ) (1 2 . 2 5 ) 1 0 . 5 6 7 . 5 6 1 . 4 7 1 . 0 4 9 , 4 3 7 . 2 9

4 5 _{W S K T I J} 1 , 7 0 0 3 , 1 5 0 1 , 6 8 0 (5 1 0 ) (2 3 . 0 8 ) 7 . 3 8 5 . 3 3 2 . 1 4 1 . 3 3 2 3 , 0 7 5 . 6 3

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M a cr o da t a

Source: Bloomberg, Sinarmas Investment Research

D e s c ript io n 1- D a y ( %) 5 - D a ys ( %) 1- M o nt h ( %) Y T D ( %)

P ro perty 0.83 0.43 (5.78) (14.68)

B asic Industry 1.38 (0.30) (1.76) 18.90

Trade 1.07 (0.37) (3.04) (10.29)

Finance 0.97 0.08 (1.28) (5.63)

M iscellaneo us Industry (0.15) 1.15 1.14 (9.25)

Co nsumer 0.36 0.56 2.78 (12.44)

Infrastructure 1.16 1.20 0.28 (12.17)

A griculture 1.69 0.48 (3.14) (1.41)

M ining 0.13 0.37 (1.41) 23.04

S e p- 18 A ug- 18

2.13 3.61

3.20 3.18

-0.05 0.28

117.90 118.31

F O R E X S po t R a t e 1- D a y ( %) 1- M o nt h ( %) Y T D ( %)

USD/IDR 14,903.00 - (1.86) (9.05)

USD/CNY 6.87 0.31 (0.96) (5.27)

USD/EUR 0.86 0.01 0.12 3.46

USD/JP Y 113.87 (0.15) (2.46) (1.04)

USD/SGD 1.37 (0.03) 0.31 (2.30)

USD/A UD 1.38 0.02 (0.11) 8.10

USD/GB P 0.77 (0.07) (1.27) 3.63

( in %)

7.54

1.06

1.46

7.89

8.02

8.36 Indo nesia 5-Year Go vernment B o nds Yield

Indo nesia 10-Year Go vernment B o nds Yield

Indo nesia 15-Year Go vernment B o nds Yield Le nding a nd D e po s it R a t e s

JIB OR (in IDR)

LIB OR (in GB P )

SIB OR ( in USD) Inflatio n M o M (in %)

Fo reign Reserves (in USD bn) S e c t o rs

E c o no m ic Indic a t o rs

Inflatio n YTD (in %) E c o no m ic P a ra m e t e rs

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Upcom in g I PO

D ivide n d

Righ t s I ssu e

2 0 1 6 2 0 1 7 2 0 1 8

LKPP A PBN P RA PBN

GDP Gr owth ( % , YoY) 5,0% 5,2% 5,4%

Ex change r ate ( USD/ I DR) 13307 13300 13500

I nflation ( % , YoY) 3% 4,3% 3,5%

3 Months SPN ( % ) 5,7% 5,2% 5,3%

I ndonesian Cr ude Oil ( USD/ bar r el) 40 45 48

Oil Lifting ( thousands bar r el/ day ) 829 815 800

Gas Lifting ( thousands, BOE/ day ) 1.18 1.15 1.2

Total State Budget ( in I DR tr illion) ₁₅₅₆ ₁₇₁₄ ₁₈₇₈

I N D I CA T OR

St o ck D PS ( Rp ) St a t u s Cu m D a t e Ex D a t e Re co r d in g Pa y m e n t

XC I D 1.46 _{01/ 08/ 2018} _{02/ 08/ 2018} _{06/ 08/ 2018} _{21/ 08/ 2018}

AKRA 120 _{11/ 07/ 2018} _{12/ 07/ 2018} _{16/ 07/ 2018} _{03/ 08/ 2018}

XI SB 1.99 _{11/ 07/ 2018} _{12/ 07/ 2018} _{16/ 07/ 2018} _{18/ 07/ 2018}

BMAS 8 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{02/ 08/ 2018}

C ASS 15.65 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{02/ 08/ 2018}

I NAI 30 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{02/ 08/ 2018}

ULTJ 10 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{01/ 08/ 2018}

BATA 5.55 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{27/ 07/ 2018}

C SAP 4 05/ 07/ 2018 06/ 07/ 2018 10/ 07/ 2018 _{01/ 08/ 2018}

T ick e r Pr ice ( Rp ) Cu m Da t e EX Da t e T r a d in g

MAYA 1 : 6 2,200 24/ 09/ 2018 25/ 09/ 2018 01/ 10/ 2018 - 05/ 10/ 2018

BBKP 3 : 10 570 06/ 07/ 2018 09/ 07/ 2018 13/ 07/ 2018 - 25/ 07/ 2018

PEGE 3 : 1 100 06/ 07/ 2018 09/ 07/ 2018 13/ 07/ 2018 - 19/ 07/ 2018

Ra t io

St a t e Bu dge t

Co m p a n y Bu sin e ss

I PO Pr ice

( Rp )

I ssu e d Sh a r e s ( Mn )

Of f e r in g Da t e ( 2 0 1 7 ) List in g Un d e r w r it e r

Madusar i Mur ni I ndah 495.9 23/ 08/ 2018 - 27/ 08/ 2018 30- Aug- 18

Tr im itr a Pr oper tindo Tbk 773.3 10/ 07/ 2018 - 14/ 08/ 2018 23- Aug- 18

MD Pictur es Tbk 1981.0 25/ 07/ 2018 - 31/ 07/ 2018 07- Aug- 18

Mahk ota Gr oup Tbk 703.7 03/ 07/ 2018 - 09/ 07/ 2018 12- Jul- 18

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Pick s of Th e D a y

PTBA : TRAD I N G BUY

PTBAber hasil br eak Resist ance 4.310,PTBAberpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 4.360, 4.430 dan 4.470. Nam un, j ikaPTBAgagal break Resist ance 4.360, m akaPTBAakan m encoba Suppor t 4.260, 4.200 dan 4.170. PTBAdilihat I ndikator MACD dan St oc osc m engindikasikan pola Rever sal.

Ent r y point : 4.310 — 4.320

Exit point : 4.360 ( 1.2% ) , 4.430 ( 2.8% ) St op Loss : 4.260 ( - 1.2% )

BBRI : BUY ON W EAKN ESS

BBRI belum ber hasil br eak Resist ance Tr endline 3.190,BBRI ber peluang m enguj i Suppor t 3.120, 3.070 dan 3.030. Nam un, j ika

BBRI ber hasil br eak Resist ance Tr endline 3.190, m akaBBRI akan m encoba Resist ance 3.220, 3.250 dan 3.300.BBRI dilihat I ndikator MACD dan St oc osc m engindikasikan pola Upt rend.

Ent r y point : 3.120 — 3.150

Dec 2018 Feb Mar Apr May Jun Jul Aug Sep

2,200

PTBA - Daily 9/28/2018 4:14:00 PM Open 4190, Hi 4350, Lo 4190, Clos e 4320 (3.8%)MA(Clos e,50)= 4,235.40

4,320

4,235.4

-100 0 100 200 PTBA -MACD(12,26)= 11.57,Signal(12,26,9)= -29.69

11.5724

-29.6914

20 80

PTBA -Stoch %K(15,3)= 89.59,Stoch %D(15,3,3)= 86.55 _89.594

86.554

PTBA -RSI(15)= 60.04

2,700

BBRI - Daily 9/28/2018 4:13:00 PM Open 3090, Hi 3170, Lo 3080, Clos e 3150 (2.6%)MA(Clos e,50)= 3,118.20

3,150

3,118.2

-100 0 100 BBRI -MACD(12,26)= -17.34,Signal(12,26,9)= -30.69

-17.3376

-30.6902

20 80

95.9855

BBRI -Stoch %K(15,3)= 57.96,Stoch %D(15,3,3)= 46.02

57.9639

46.0161

(8)

Pick s of Th e D a y

AD RO : BUY ON W EAKN ESS

AD RObelum ber hasil br eak Resist ance Tr endline 1.865. AD RO ber peluang m enguj i Suppor t 1.810, 1.780 dan 1.750. Nam un, j ika

AD ROber hasil br eak Resist ance Tr endline 1.865, m akaAD ROakan m encoba Resist ance 1.895, 1.930 dan 1.960.AD ROdilihat I ndikator MACD dan St oc osc m engindikasikan pola Rever sal.

Ent r y point : 1.810 — 1.835

AN TM : TRAD I N G BUY

AN TM ber hasil br eak Resist ance Tr endline 845.AN TMber peluang m elanj ut kan penguat an dengan m enguj i Resist ance 860, 880 dan 900. Nam un, j ikaAN TMgagal br eak Resist ance 860, m akaAN TMakan m encoba Suppor t 830, 820 dan 805.AN TMdilihat I ndikator St oc osc dan MACD m engindikasikan pola Upt rend.

Ent r y point : 840 — 845

Exit point : 860 ( 2.4% ) , 880 ( 4.8% ) St op Loss : 820 ( - 2.4% )

1,600

ADRO - Daily 9/28/2018 4:12:00 PM Open 1835, Hi 1850, Lo 1820, Clos e 1835 (0.5%)MA(Clos e,50)= 1,851.40

1,835

1,851.4

-100 0 100 ADRO -MACD(12,26)= -5.63,Signal(12,26,9)= -17.69

-5.62534

-17.6938

20 80 ADRO -Stoch %K(15,3)= 65.98,Stoch %D(15,3,3)= 64.22

65.9788

64.2152

ADRO -RSI(15)= 52.30

600

ANTM - Daily 9/28/2018 4:14:00 PM Open 840, Hi 855, Lo 830, Clos e 845 (1.2%)MA(Clos e,50)= 855.10

845

855.1

Dec 2018 Feb Mar Apr May Jun Jul Aug Sep -20

0 20 40 60 ANTM -MACD(12,26)= -8.15,Signal(12,26,9)= -15.47

-8.15374

-15.4741

20 80 ANTM -Stoch %K(15,3)= 80.28,Stoch %D(15,3,3)= 69.95

80.2778

69.9471

(9)

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