Today s Market: taking kemungkinan akan mewarnai pergerakan indeks.

(1)

Tuesday, May 23, 2017

Source: Bloomberg, Sinarmas Investment Research

Top Buy:

WSKT, SMGR

BoW:

ROTI, MAIN

IDX Statistics Closing

JCI 5,749.45

Transaction Value Regular Market (IDR tn) 7.136

Transaction Volume Regular Market (mn shares) 6,070

Foreign Net Buy (Sell) (IDR bn) 675.47

Foreign Net Buy (Sell) 2.15

Total Market Capitalization (IDR tn) 6,283.95

LQ45 960.84 (0.98) 21.31 EIDO 27.21 (0.66) 30.38 IDX 23.87 (0.25) 29.66 DOW JONES 20,894.83 0.43 19.91 S&P 500 2,394.02 0.52 17.13 NASDAQ 6,133.62 0.82 22.49 FTSE 7,496.34 0.34 20.09 NIKKEI 19,678.28 0.45 3.39 HANG SENG 25,391.34 0.86 15.87 STRAITS TIMES 3,213.57 (0.10) 11.48 KLSE 1,774.95 0.38 4.87 USD/IDR 13,291.00 (0.03) 1.35 EUR/IDR 14,941.48 0.19 (5.27) JPY/IDR 119.58 0.03 (3.87) SGD/IDR 9,586.19 (0.09) (2.92) AUD/IDR 9,930.73 0.36 (2.18) GBP/IDR 17,262.93 (0.14) (4.16)

Crude Oil (USD/barrel) 51.09 8:22:14 AM (4.90)

Coal (USD/mn tons) 68.45 5/22/2017 (17.53)

Natural Gas (USD/mmBtu) 3.32 8:19:36 AM (10.77)

Gold (USD/ounce) 1,263.36 8:32:22 AM 10.08

Nickel (USD/mn tons) 9,420.00 8:32:21 AM (5.99)

Tins (USD/mn tons) 20,420.00 8:31:03 AM (3.34)

CPO (MYR/mn tons) 2,900.00 5/22/2017 (9.88)

Rubber (JPY/kg) 315.00 2:51:53 PM 20.23

Wheat (USD/bushel) 435.00 8:22:19 AM 6.62

Corn (USD/bushel) 375.50 8:22:15 AM 6.68

Commodities

Other Indices Closing 1-Day Chg (%) _{Chg (%)}YTD

Currency Spot Rate Rate (IDR) 1-Day Chg (%) _{Chg (%)}YTD

P rice _TransactionLast _{Chg (%)}YTD

IHSG turun sebanyak 42.5 poin (0.73%) ke level 5749.45.

Sementara LQ45 turun sebanyak 9.5 poin (0.98%) ke level

960.84. Foreign net buy sebesar Rp 675.47 miliar.

Today’s Market:

IHSG diperkirakan bergerak mixed dengan kecenderungan

menguat yang didukung oleh capital inflow pasca kenaikan

peringkat kredit Indonesia oleh S&P. Akan tetapi, aksi profit

taking kemungkinan akan mewarnai pergerakan indeks.

Kami menyarankan sebaiknya menunggu konsolidasi atau

koreksi minor untuk mengambil posisi baru di saham

ber-kapitalisasi besar. Sedangkan berita dari luar negeri, nilai

tukar dolar AS melemah, karena investor masih menunggu

kelanjutan dari rencana reformasi ekonomi Presiden

Trump, di tengah ketidakpastian politik AS. Secara teknikal

indeks hari Selasa (23/5), IHSG diprediksi bergerak di

kis-aran 5703-5834.

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Daily Corporate and Industry News



Peringkat investment grade yang diberikan oleh S&P akan mendongkrak aliran dana investasi asing ke

Indo-nesia. Pertumbuhan ekonomi Indonesia tahun 2018 bakal melaju 6,1% dari perkiraan tahun ini 5,3%. Hingga

Senin (22/5), aliran dana asing yang masuk ke Tanah Air sudah sekitar Rp 105,1 triliun year to date, yang

antara lain ke instrumen surat berharga negara yang dapat diperdagangkan Rp 76,5 triliun dan saham sekitar

Rp 28,6 triliun. Source: Investor Daily



Naiknya peringkat Indonesia menjadi investment grade oleh Standard and Poor’s diharapkan mampu

menu-runkan suku bunga perbankan jika telah diikuti oleh turunnya tingkat kupon obligasi dan bunga kredit valas.

Source: Bisnis Indonesia



Bank Indonesia (BI) mencatat, pembiayaan infrastruktur dari industri pembiayaan nonbank terus meningkat.

Hingga April 2017, pembiayaan infrastruktur mencapai Rp 49,3 triliun, naik dibandingkan periode sama

ta-hun sebelumnya Rp 27,7 triliun. Source: Investor Daily



_{PT Kereta Api Indonesia tengah menyiapkan kelengkapan dokumen untuk pengajuan pinjaman kepada}

per-bankan setelah Presiden Joko Widodo meneken Peraturan Presiden baru tentag kereta api ringan Jakarta,

Bo-gor, Depok, dan Bekasi. Source: Bisnis Indonesia



Perundingan antara pemerintah dan PT Freeport Indonesia terus berlangsung. Setelah pada pekan lalu

Free-port menyampaikan proposal terkait empat isu krusial, maka pemerintah akan memberikan respon terhadap

empat isu tersebut. Keempat isu itu adalah divestasi 51%, perpajakan, perpanjangan kontrak, dan

pemban-gunan smelter. Source: Kontan



_{Pemerintah menargetkan produksi baja domestik naik 5% dibandingkan dengan tahun lalu. Pengetatan}

pen-gawasan terhadap baja impor dan pemberlakuan insentif harga energi diyakini mampu meningkatkan daya

saing industri baja domestik. Source: Bisnis Indonesia



Produsen semen Indocement Tunggal Prakarsa (INTP) membagikan dividen Rp 929 per saham untuk tahun

buku 2016. INTP akan membagikan total dividen Rp 3,42 triliun atau setara 88,4% laba bersih tahun lalu.

Source: Investor Daily, Kontan



Semen Indonesia (SMGR) membuka peluang akuisisi sejumlah perusahaan semen domestik yang berminat

untuk berkonsolidasi dengan perseroan di tengah kondisi yang sulit. Source: Bisnis Indonesia

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Daily Corporate and Industry News



Charoen Pokphand Indonesia (CPIN) siap memperluas usaha ke sektor ritel. CPIN tengah merampungkan

akuisisi gerai convenience store 7-eleven milik Modern Internasional (MDRN). Nilai transaksi sebesar Rp 1

triliun. Source: Kontan



_{Bisnis menara telekomunikasi yang semakin ketat tidak menyurutkan laju bisnis Solusi Tunas Pratama}

(SUPR). Perusahaan tersebut mencatat kenaikan pendapatan 9,3% di kuartal I-2017 dibandingkan periode

serupa tahun lalu, menjadi Rp 478,7 miliar. Source: Kontan



Indomobil Sukses Internasional (IMAS) siap ekspansi di bisnis jasa layanan parkir kendaraan. Caranya dengan

menjajakan mesin parkir otomatis. Lewat anak usaha PT Kyokuto Indomobil Distributor Indonesia, IMAS ini

mulai memperkenalkan mesin parkir tersebut. Source: Kontan



Puradelta Lestari (DMAS) mulai memberikan perhatian lebih untuk proyek komersial dan residendial di Kota

Deltamas, Cikarang, Jawa Barat. Dua jenis proyek properti itu untuk melengkapi proyek lahan industri yang

sudah lebih dahulu berkembang di sana. Source: Kontan



_{Banyak agenda kerja menanti Pan Brothers (PBRX) pada semester II 2017. Salah satunya adalah menambah}

satu merek produksi pakaian. Menurut catatan PBRX, kontrak pengerjaan Uniqlo berkontribusi 26% terhadap

total pendapatan 2016 yang sebesar US$ 482,20 juta. Sementara The North Face menempati posisi kedua

dengan kontribusi 10% terhadap total pendapatan. Source: Kontan



_{Dyandra Media International (DYAN) masih percaya diri memegang target pendapatan Rp 1 triliun sepanjang}

tahun ini. Kinerja lima bulan pertama tahun menjadi dasar optimisme perusahaan tersebut. Source: Kontan

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World Equity Indices

Source: Bloomberg, Sinarmas Investment Research N O IN D IC ES

1 DOW JONES INDUS. AVG 21,169.11 17,063.08 3,469.80 19.91 15.97 17.26 2.99 2.97 5,966.74 5,966.74

2 S&P 500 INDEX 2,405.77 1,991.68 350.08 17.13 18.85 18.44 2.77 2.79 21,373.78 21,373.78

3 NASDAQ COM POSITE INDEX 6,170.16 4,574.25 1,126.21 22.49 29.89 23.37 3.61 3.67 9,565.14 9,565.14

4 S&P/TSX COM POSITE INDEX 15,943.09 13,609.58 2,448.51 18.82 21.27 16.66 1.63 1.51 2,311.11 1,710.80

5 M EXICO IPC INDEX 50,154.33 43,902.25 5,965.96 13.88 30.60 18.07 2.57 2.53 5,628.36 301.48

6 Euro Stoxx 50 Pr 3,666.80 2,678.27 309.01 9.46 20.02 15.20 1.50 1.49 2,983.56 3,351.73 7 FTSE 100 INDEX 7,533.70 5,788.74 1,254.02 20.09 34.45 15.27 1.82 1.87 2,025.93 2,636.35 8 CAC 40 INDEX 5,442.10 3,955.98 685.82 14.79 23.87 15.73 1.44 1.46 1,497.85 1,682.69 9 DAX INDEX 12,841.66 9,214.10 1,876.45 17.47 20.68 13.89 1.70 1.68 1,186.11 1,332.48 10 IBEX 35 INDEX 11,184.40 7,579.80 1,249.20 13.09 20.05 14.94 1.39 1.38 674.27 757.47 11 FTSE M IB INDEX 21,828.77 15,017.42 (99.79) (0.47) 128.97 14.19 1.12 1.05 490.93 551.51 12 AEX-Index 537.84 409.23 86.03 19.47 26.94 16.73 1.60 1.64 631.23 709.12

13 SWISS M ARKET INDEX 9,136.95 7,475.54 266.69 3.02 18.25 18.12 2.59 2.62 1,105.24 1,136.03

14 S&P/ASX 200 INDEX 5,956.52 5,051.00 475.31 8.97 22.84 15.93 1.85 1.80 1,655.04 1,237.31

15 ALL ORDINARIES INDX 5,983.20 5,131.90 466.64 8.73 28.03 16.32 1.82 1.79 1,793.00 1,340.44

16 CSI 300 INDEX 3,583.72 3,027.44 (319.76) (8.57) 15.77 13.16 2.05 2.05 24,267.46 3,536.14

17 SHANGHAI SE A SHARE INDX 3,456.92 2,910.60 (483.40) (13.05) 18.80 13.47 1.99 1.98 29,263.85 4,264.19

18 SHENZHEN SE A SHARE INDX 2,243.11 1,844.61 (503.26) (20.83) 52.98 23.24 4.72 4.67 21,682.62 3,159.49

19 HANG SENG INDEX 25,450.04 19,662.70 3,476.94 15.87 10.69 12.56 1.17 1.21 16,138.52 2,073.05

20 HANG SENG CHINA ENT INDX 10,698.28 8,239.58 713.29 7.38 7.25 8.37 0.95 0.96 4,709.87 605.00

21 S&P BSE SENSEX INDEX 30,712.35 25,181.47 4,453.43 17.05 19.28 18.33 2.81 2.85 51,548.03 798.76

22 Nifty 50 9,532.60 7,715.80 1,491.90 18.77 20.73 17.98 2.67 2.70 66,587.54 1,031.80

23 JAKARTA COM POSITE INDEX 5,874.44 4,710.79 1,156.44 25.18 26.88 16.43 2.35 2.37 6,283,946.50 473.69

24 JAKARTA LQ-45 INDEX 989.03 805.85 168.81 21.31 17.14 18.20 2.85 2.92 4,177,696.26 314.92

25 KARACHI 100 INDEX 52,846.70 35,947.70 18,557.20 56.55 9.01 11.77 1.59 1.67 8,691.76 82.92

26 NIKKEI 225 19,998.49 14,864.01 644.57 3.39 20.15 17.22 1.70 1.74 347,440.74 3,126.15

27 NIKKEI 300 INDEX 316.86 239.50 1.06 0.34 16.69 13.78 1.36 1.39 399,859.42 3,597.80

28 TOPIX INDEX (TOKYO) 1,590.70 1,192.80 20.35 1.32 16.60 14.00 1.31 1.35 588,988.54 5,299.52

29 FTSE Bursa M alaysia KLCI 1,787.54 1,611.88 82.44 4.87 17.98 16.70 1.78 1.79 1,071.86 249.01

30 S&P NZX All Index 1,427.66 1,243.04 143.06 11.75 19.80 20.06 1.88 1.91 114.81 80.33

31 PSEi - PHILIPPINE SE IDX 8,118.44 6,499.00 854.49 12.29 20.04 18.94 2.47 2.50 9,403.46 188.82

32 Straits Times Index STI 3,275.39 2,703.48 330.84 11.48 13.26 14.71 1.14 1.15 512.34 369.60

33 KOSPI INDEX 2,323.22 1,892.75 342.72 17.47 14.72 10.03 0.94 1.00 1,456,174.98 1,304.30

34 TAIWAN TAIEX INDEX 10,058.59 8,119.71 1,659.20 19.90 13.82 14.02 1.44 1.48 29,525.60 984.15

35 STOCK EXCH OF THAI INDEX 1,600.79 1,343.13 269.71 20.94 21.94 15.20 1.71 1.70 15,379.75 448.19

36 THAI SET 50 INDEX 1,009.23 850.23 173.83 21.37 19.86 14.67 1.77 1.76 9,738.54 283.80

37 HO CHI M INH STOCK INDEX 746.87 597.68 165.07 28.51 12.53 14.83 1.72 1.86 1,813,823.49 79.94

A sia/ P acific A merica

52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)

Euro pe

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LQ45

Source: Bloomberg, Sinarmas Investment Research

H IG H L O W P O IN T % 2 0 1 5 2 0 1 6 E 2 0 1 5 2 0 1 6 E 1 A A L I IJ 1 4 ,5 5 0 1 7 ,9 5 0 1 3 ,1 2 6 (5 5 3 ) (3 .6 6 ) 4 0 .3 2 1 4 .3 4 2 .2 1 1 .6 0 2 8 ,0 0 4 .2 2 2 A D H I IJ 2 ,3 0 0 2 ,9 0 0 1 ,8 3 0 1 6 0 7 .4 8 1 4 .0 8 1 3 .4 6 1 .4 8 1 .3 5 8 ,1 8 9 .9 5 3 A D R O IJ 1 ,4 3 5 1 ,9 4 0 6 5 5 9 2 0 1 7 8 .6 4 7 .7 9 8 .3 2 0 .4 1 1 .0 1 4 5 ,8 9 9 .8 6 4 A K R A IJ 6 ,4 5 0 7 ,1 0 0 5 ,4 0 0 (7 2 5 ) (1 0 .1 0 ) 2 7 .3 1 2 1 .0 2 4 .6 5 3 .3 4 2 5 ,8 0 0 .9 2 5 A N TM IJ 6 9 5 1 ,0 0 5 5 9 5 3 8 1 1 2 1 .3 4 - 6 0 .6 1 0 .4 1 0 .9 2 1 6 ,7 0 1 .3 8 6 A S II IJ 8 ,7 7 5 9 ,3 5 0 6 ,2 7 5 2 ,7 7 5 4 6 .2 5 1 6 .7 8 1 7 .9 9 2 .3 8 2 .8 7 3 5 5 ,2 4 3 .1 8 7 A S R I IJ 3 2 8 5 8 5 3 1 4 (1 5 ) (4 .3 7 ) 1 2 .0 8 7 .8 1 1 .0 4 0 .8 3 6 ,4 4 5 .0 1 8 B B C A IJ 1 7 ,6 5 0 1 8 ,5 5 0 1 2 ,6 2 5 4 ,3 5 0 3 2 .7 1 1 8 .2 1 1 9 .0 2 3 .6 7 3 .3 7 4 3 5 ,1 6 0 .9 1 9 B B N I IJ 6 ,8 2 5 7 ,2 0 0 4 ,3 6 0 1 ,8 3 5 3 6 .7 7 1 0 .2 6 9 .6 0 1 .2 1 1 .3 4 1 2 7 ,2 7 7 .0 8 1 0 B B R I IJ 1 4 ,6 2 5 1 5 ,3 0 0 9 ,8 0 0 3 ,2 0 0 2 8 .0 1 1 1 .0 9 1 2 .8 4 2 .4 8 2 .2 0 3 6 0 ,7 8 6 .4 9 1 1 B B TN IJ 2 ,5 5 0 2 ,6 5 0 1 ,5 6 0 1 ,2 5 5 9 6 .9 1 7 .4 0 9 .2 0 0 .9 9 1 .2 5 2 7 ,0 0 4 .5 0 1 2 B M R I IJ 1 2 ,5 2 5 1 3 ,3 0 0 8 ,7 5 0 3 ,2 7 5 3 5 .4 1 1 0 .6 1 1 4 .6 9 1 .8 4 1 .8 1 2 9 2 ,2 5 0 .0 0 1 3 B U M I IJ 3 9 8 5 2 0 5 0 3 4 8 6 9 6 .0 0 - 6 .0 0 - 3 .3 3 1 4 ,5 7 7 .5 5 1 4 B S D E IJ 1 ,8 0 0 2 ,3 8 0 1 ,5 5 0 0 0 .0 0 1 5 .9 2 1 4 .3 6 1 .8 4 1 .4 8 3 4 ,6 4 4 .0 5 1 5 C P IN IJ 3 ,0 7 0 4 ,0 2 0 2 ,8 5 0 4 7 0 1 8 .0 8 2 4 .5 5 1 7 .3 9 3 .3 4 3 .0 3 5 0 ,3 4 1 .8 6 1 6 EL S A IJ 3 2 0 6 2 0 3 0 0 7 3 2 9 .5 5 4 .8 1 - 0 .6 9 - 2 ,3 3 5 .5 2 1 7 G G R M IJ 7 4 ,2 5 0 7 8 ,4 7 5 5 9 ,2 2 5 1 9 ,2 5 0 3 5 .0 0 1 6 .4 4 1 8 .7 5 2 .7 9 3 .2 2 1 4 2 ,8 6 3 .5 3 1 8 H M S P IJ 3 ,8 1 0 4 ,2 5 0 3 ,5 6 0 5 0 1 .3 3 3 2 .3 0 3 2 .6 3 1 3 .6 6 1 2 .3 7 4 4 3 ,1 7 1 .8 7 1 9 IC B P IJ 8 ,7 5 0 1 0 ,2 7 5 7 ,5 5 0 2 ,0 1 2 2 9 .8 6 2 6 .1 9 2 5 .8 6 5 .0 8 5 .1 2 1 0 2 ,0 4 1 .7 0 2 0 IN C O IJ 1 ,9 4 5 3 ,6 3 0 1 ,4 9 0 3 1 0 1 8 .9 6 2 1 .2 1 3 6 .6 5 0 .6 4 0 .7 7 1 9 ,3 2 6 .1 8 2 1 IN D F IJ 8 ,7 0 0 9 ,2 0 0 6 ,8 2 5 3 ,5 2 5 6 8 .1 2 1 7 .6 6 1 7 .0 0 1 .6 7 2 .3 8 7 6 ,3 8 9 .7 1 2 2 IN TP IJ 1 8 ,0 0 0 1 9 ,4 0 0 1 4 ,2 7 5 (4 ,3 2 5 ) (1 9 .3 7 ) 1 8 .8 6 1 9 .9 6 3 .4 4 2 .3 6 6 6 ,2 6 2 .1 7 2 3 J S M R IJ 5 ,0 7 5 5 ,6 6 2 3 ,9 0 0 (1 3 8 ) (2 .6 5 ) 2 3 .5 9 1 9 .2 6 3 .4 1 2 .4 5 3 6 ,8 3 3 .7 0 2 4 K L B F IJ 1 ,5 7 0 1 ,8 1 5 1 ,3 7 0 2 5 0 1 8 .9 4 3 1 .0 7 2 8 .9 9 5 .9 1 5 .4 9 7 3 ,5 9 3 .9 4 2 5 L P K R IJ 7 4 5 1 ,2 1 5 6 9 0 (2 9 0 ) (2 8 .0 2 ) 4 4 .0 2 1 6 .2 9 1 .4 4 0 .8 5 1 7 ,1 9 2 .8 8 2 6 L P P F IJ 1 5 ,9 0 0 2 2 ,5 7 5 1 1 ,1 7 5 (1 ,7 0 0 ) (9 .6 6 ) 2 8 .8 5 2 0 .9 0 4 6 .4 3 1 5 .4 7 4 6 ,3 9 4 .9 0 2 7 L S IP IJ 1 ,5 0 5 1 ,9 0 5 1 ,3 3 0 1 8 5 1 4 .0 2 1 4 .5 1 1 2 .9 3 1 .2 3 1 .2 5 1 0 ,2 6 8 .4 1 2 8 M N C N IJ 1 ,8 0 0 2 ,3 6 0 1 ,4 7 0 (5 5 ) (2 .9 6 ) 2 1 .9 0 1 4 .4 1 2 .8 9 2 .3 5 2 5 ,6 9 6 .9 9 2 9 EX C L IJ 2 ,9 9 0 3 ,9 5 0 2 ,0 3 0 (6 1 0 ) (1 6 .9 4 ) - 7 9 .2 2 2 .2 1 1 .4 7 3 1 ,9 5 7 .0 0 3 0 M YR X IJ 1 3 2 1 9 2 1 0 8 5 3 .9 4 1 1 1 .7 0 1 0 2 .7 2 8 .9 2 1 8 0 .8 2 1 0 ,3 9 0 .9 3 3 1 P G A S IJ 2 ,3 7 0 3 ,5 2 0 2 ,2 0 0 (3 7 5 ) (1 3 .6 6 ) 1 1 .9 6 1 1 .1 7 1 .5 9 1 .3 4 5 7 ,4 5 2 .3 7 3 2 P TB A IJ 1 0 ,7 5 0 1 4 ,2 0 0 6 ,2 5 0 6 ,2 2 5 1 3 7 .5 7 4 .8 2 7 .8 2 1 .0 4 1 .8 9 2 4 ,7 6 9 .4 2 3 3 P TP P IJ 3 ,0 8 0 4 ,6 1 0 2 ,6 9 0 (6 0 3 ) (1 6 .3 7 ) 2 5 .4 0 1 3 .7 2 4 .2 5 1 .7 9 1 9 ,0 9 5 .6 8 3 4 P W O N IJ 6 4 5 7 6 5 5 0 5 1 4 9 3 0 .0 4 1 8 .9 3 1 5 .6 6 3 .3 1 2 .8 8 3 1 ,0 6 2 .9 4 3 5 S C M A IJ 2 ,8 9 0 3 ,5 5 0 2 ,1 3 0 (2 1 0 ) (6 .7 7 ) 2 9 .6 5 2 3 .4 5 1 4 .4 1 1 0 .3 3 4 2 ,2 5 6 .4 3 3 6 P P R O IJ 2 3 6 3 7 2 8 7 1 9 2 4 3 6 .3 6 7 .0 9 3 0 .4 5 0 .9 9 - 1 4 ,5 5 6 .2 3 3 7 S M G R IJ 9 ,4 0 0 1 1 ,8 7 5 8 ,0 5 0 (2 ,0 0 0 ) (1 7 .5 4 ) 1 4 .9 5 1 5 .2 4 2 .5 6 1 .8 2 5 5 ,7 5 6 .2 9 3 8 S M R A IJ 1 ,3 7 0 1 ,9 7 0 1 ,2 1 0 (2 8 0 ) (1 6 .9 7 ) 2 7 .9 0 4 7 .4 0 3 .9 6 2 .8 7 1 9 ,7 6 4 .6 9 3 9 S R IL IJ 3 1 8 4 9 6 2 0 4 (7 1 ) (1 8 .2 5 ) 9 .4 6 5 .9 9 1 .8 9 - 5 ,9 1 2 .5 4 4 0 S S M S IJ 1 ,7 0 0 1 ,9 2 0 1 ,3 0 0 (2 5 0 ) (1 2 .8 2 ) 3 7 .3 6 2 2 .0 8 6 .1 6 4 .0 6 1 6 ,1 9 2 .5 0 4 1 TL K M IJ 4 ,4 7 0 4 ,6 7 0 3 ,6 2 4 1 ,3 9 3 4 5 .2 7 1 9 .5 0 1 9 .3 4 4 .0 2 4 .6 6 4 5 0 ,5 7 5 .9 8 4 2 U N TR IJ 2 4 ,4 0 0 2 9 ,4 5 0 1 3 ,0 2 5 7 ,4 5 0 4 3 .9 5 1 6 .4 0 1 3 .6 9 1 .6 7 2 .0 1 9 1 ,0 1 5 .3 0 4 3 U N V R IJ 4 7 ,4 5 0 5 0 ,0 2 5 3 7 ,8 2 5 1 0 ,4 5 0 2 8 .2 4 4 8 .2 6 4 9 .8 9 5 8 .4 8 6 5 .2 9 3 6 2 ,0 4 3 .5 0 4 4 W IK A IJ 2 ,3 8 0 3 ,1 3 9 2 ,0 8 4 (6 5 ) (2 .6 6 ) 2 5 .7 4 1 6 .8 3 3 .7 1 1 .6 3 2 1 ,3 4 8 .4 8 4 5 _{W S K T IJ} 2 ,4 2 0 2 ,8 6 0 2 ,1 2 0 7 5 0 4 4 .9 1 2 0 .6 6 1 3 .4 9 2 .3 7 2 .0 6 3 2 ,8 4 8 .3 8 M A R K ET C A P (B n ) L Q 4 5 In d e x 2 2 -M ay -1 7 5 2 -W EEK C H A N G E Y TD P ER (x ) P B V (x )

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Macro data

Source: Bloomberg, Sinarmas Investment Research D escriptio n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%) Property 1.13 1.57 (2.33) (4.12) Basic Industry 0.51 3.38 3.59 16.38 Trade 0.35 0.02 (1.17) 5.38 Finance (0.60) 1.19 5.94 14.38 M iscellaneous Industry 0.22 0.94 (3.54) 8.14 Consumer (2.51) 0.29 3.19 8.26 Infrastructure (0.85) 1.76 0.87 9.37 Agriculture (0.22) (0.16) (0.74) (2.93) M ining (1.17) 1.05 (10.78) (1.59) A pr-17 M ar-17 1.28 7.75 4.17 3.61 0.09 -0.02 123.25 121.81 -0.34 5.01 4.94 F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%) USD/IDR 13,294.00 0.06 0.12 1.35 USD/CNY 6.88 0.03 0.01 0.88 USD/EUR 0.89 (0.08) (3.36) (6.46) USD/JPY 111.06 0.22 (1.16) 5.31 USD/SGD 1.39 0.00 0.48 4.38 USD/AUD 1.34 (0.03) 1.22 (3.72) USD/GBP 0.77 0.16 (1.41) (4.89) (in %) 7.16 0.66 1.46 6.73 7.00 7.45 Inflation M oM (in %)

Foreign Reserves (in USD bn) GDP Growth QoQ (in %) GDP Growth YoY (in %) Secto rs

Eco no mic Indicato rs Inflation YTD (in %) Eco no mic P arameters Inflation YoY (in %)

Indonesia 5-Year Government Bonds Yield Indonesia 10-Year Government Bonds Yield Indonesia 15-Year Government Bonds Yield Lending and D epo sit R ates JIBOR (in IDR)

LIBOR (in GBP) SIBOR ( in USD)

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Upcoming IPO

Dividend

Rights Issue

2016 2017 APBNP RAPBN GDP Growth (%, YoY) _5,2% _5,3%

Exchange rate (USD/IDR) ₁₃₅₀₀ ₁₃₃₀₀

Inflation (%, YoY) _4% _4%

3 Months SPN (%) _5,5% _5,3%

Indonesian Crude Oil (USD/barrel) ₄₀ ₄₅

Oil Lifting ( thousands barrel/day) ₈₂₀ ₇₈₀

Gas Lifting (thousands, BOE/day) _1.11 _1.15

Total State Budget (in IDR trillion) ₁₇₈₆ ₁₇₃₇

INDICATOR

Stock DPS (Rp) Status Cum Date Ex Date Recording Payment

XCID 1.4833 Cash 02/03/2017 _03/03/2017 _07/03/2017 21/03/2017

BJTM 43.64 Cash 07/02/2017 08/02/2017 10/02/2017 02/03/2017

Ticker Price (Rp) Cum Date EX Date Trading

BKSL 3 : 5 112 30/03/2017 31/03/2017 06/04/2017 - 12/04/2017 PPRO 30/03/2017 31/03/2017 06/04/2017 - 12/04/2017 LEAD 07/03/2017 08/03/2017 15/03/2017 - 21/03/2017 POOL 1 : 4 250 06/03/2017 07/03/2017 13/03/2017 - 17/03/2017 RIMO 597 : 5 101 06/03/2017 07/03/2017 13/03/2017 - 17/03/2017 BPFI 100 : 613 284 02/03/2017 03/03/2017 09/03/2017 - 15/03/2017 LEAD 27/02/2017 28/02/2017 08/03/2017 - 14/03/2017 PSKT 3 : 5 100 09/02/2017 10/02/2017 16/02/2017 - 22/02/2017 BULL 1 : 1 100 06/01/2016 07/02/2017 13/02/2017 - 21/02/2017 Ratio

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Company Business IPO Price

(Rp)

Issued Shares (Mn)

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Picks of The Day

WSKT : Trading Buy

WSKT memiliki indikator Stoc osc Macd dan Rsi yang mengindikasikan pola Uptrend. WSKT berhasil menembus Resistance pada level harga 2440 dan terbuka peluang untuk mencoba level Resistance pada level 2470 dalam jangka pendek. Trading Range : 2400 — 2520 .

Fundamental :

SMGR : Trading Buy

SMGR memiliki indikator Stoc osc , MACD dan Rsi yang mengindikasikan pola Uptrend. SMGR berhasil menembus Resistance pada level 9425 dan ter-buka peluang untuk mencoba level Resistance pada level 9550 dalam jangka pendek, Trading range : 9300 — 9650.

Fundamental :

Tuesday, May 23, 2017

C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om

2016 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May 1,600

1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700 2,800 2,900 WSKT - Daily 5/22/2017 4:14:07 PM Open 2330, Hi 2450, Lo 2330, Clos e 2420 (6.6%)MA(Clos e,50)= 2,355.60

2,420

2,355.6

2016 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May

-50 0 50 100 WSKT -MACD(12,26)= -18.96,Signal(12,26,9)= -27.59 -18.9619 -27.5931 20 80 WSKT -Stoch %K(15,3)= 40.76,Stoch %D(15,3,3)= 30.50 40.7609 30.4952 30 70 WSKT -RSI(15)= 58.36 58.3599

8,500 9,000 9,500 10,000 10,500 11,000 11,500 12,000 SMGR - Daily 5/22/2017 4:13:42 PM Open 9250, Hi 9425, Lo 9250, Clos e 9400 (2.2%)MA(Clos e,50)= 9,022.50

9,400

9,022.5

-400 -200 0 200 400 SMGR -MACD(12,26)= 65.50,Signal(12,26,9)= -10.58 65.504 -10.5832 20 80 SMGR -Stoch %K(15,3)= 91.91,Stoch %D(15,3,3)= 89.61 91.9094 89.6097 30 70 SMGR -RSI(15)= 63.73 63.7261

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Picks of The Day

ROTI : Buy on Weakness

ROTI memiliki indikator Stoc osc ,Macd dan Rsi mengindikasikan pola Uptrend, ROTI belum berhasil menembus Resistance di level harga 1590 sehingga terbuka peluang untuk menguji Support dalam jangka pendek pada level harga 1540 Trading Range : 1520 — 1615.

Fundamental :

MAIN : Buy on Weakness

MAIN memiliki indikator Stoc osc, Macd, dan Rsi mengindikasikan pola Uptrend, MAIN belum berhasil menembus Resistance di level harga 1100 se-hingga terbuka peluang untuk menguji Support dalam jangka pendek pada level harga 1065 Trading range : 1045 — 1120.

Fundamental :

1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 ROTI - Daily 5/22/2017 4:06:41 PM Open 1560, Hi 1570, Lo 1540, Clos e 1555 (1.0%)MA(Clos e,50)= 1,572.10

1,555

1,572.1

-20 0 20 40 60 ROTI -MACD(12,26)= -9.12,Signal(12,26,9)= 6.33

-9.12234

6.3304

20 80 ROTI -Stoch %K(15,3)= 4.88,Stoch %D(15,3,3)= 3.55

4.87805

30 70 ROTI -RSI(15)= 43.09

43.0907

1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 MAIN - Daily 5/22/2017 4:00:00 PM Open 1065, Hi 1090, Lo 1060, Clos e 1075 (0.9%)MA(Clos e,50)= 1,194.10

1,075

1,194.1

-50 0 50 MAIN -MACD(12,26)= -49.45,Signal(12,26,9)= -49.93

-49.4484

-49.9349

20 80 MAIN -Stoch %K(15,3)= 18.07,Stoch %D(15,3,3)= 13.64

18.0712 13.6398 30 70 MAIN -RSI(15)= 37.89 37.8901

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These recommendations are based on technical indicators and are suitable for daily trading purposes.

TICKER REC PRICE ENTRY EXIT S2 S1 R1 R2 EXPLANATION

AALI BoW 14,550 14,350 14,650 14,100 14,350 14,650 14,875 Rsi : downtrend

LSIP BoW 1,505 1,495 1,515 1,470 1,495 1,515 1,530 Black spinning top

BWPT BoW 284 278 290 272 278 290 296 Stoc osc : uptrend

BMRI BoW 12,525 12,400 12,675 12,200 12,400 12,675 13,100 Rsi : downtrend

BBRI BoW 14,625 14,550 14,825 14,200 14,550 14,825 15,050 Macd : uptrend

BBCA BoW 17,650 17,450 17,775 17,300 17,450 17,775 18,125 Stoc osc : uptrend

BBNI BoW 6,825 6,750 6,950 6,600 6,750 6,950 7,050 Black spinning top

BBTN BoW 2,550 2,510 2,590 2,480 2,510 2,590 2,640 Long legged doji

BJTM Buy 695 695 705 665 680 705 715 White spinning top

BJBR BoW 1,990 1,975 2,015 1,960 1,975 2,015 2,045 Rsi : downtrend

INDF BoW 8,700 8,600 8,800 8,500 8,600 8,800 8,950 Stoc osc : downtrend

ICBP Sell 8,750 8,750 8,550 8,475 8,550 8,950 9,050 Rsi : downtrend

GGRM BoW 74,250 73,550 76,450 72,550 73,550 76,450 77,750 Black spinning top

UNVR Sell 47,450 47,450 47,250 46,650 47,250 48,100 48,575 Macd : downtrend

CPIN Buy 3,070 3,070 3,100 3,010 3,040 3,100 3,130 White spinning top

ASII BoW 8,775 8,650 8,825 8,550 8,650 8,825 8,950 Black spinning top

SMGR Buy 9,400 9,400 9,550 9,200 9,300 9,550 9,650 Rsi : uptrend

INTP BoW 18,000 17,850 18,125 17,650 17,850 18,125 18,300 Stoc osc : downtrend

SMCB BoW 850 835 860 825 835 860 880 Long legged doji

TLKM BoW 4,470 4,450 4,530 4,380 4,450 4,530 4,580 Stoc osc : uptrend

PGAS BoW 2,370 2,350 2,390 2,320 2,350 2,390 2,420 Stoc osc : uptrend

JSMR BoW 5,075 5,000 5,150 4,925 5,000 5,150 5,225 Long legged doji

TBIG BoW 5,875 5,750 6,000 5,625 5,750 6,000 6,125 Black spinning top

MAPI BoW 6,300 6,150 6,600 6,000 6,150 6,600 6,850 Stoc osc : uptrend

RALS BoW 1,310 1,270 1,340 1,240 1,270 1,340 1,370 Macd : downtrend

ACES BoW 970 955 990 940 955 990 1,020 Black spinning top

MPPA BoW 810 800 820 780 800 820 840 Doji

PTBA BoW 10,750 10,500 11,025 10,250 10,500 11,025 11,300 Rsi : reversal

ADRO BoW 1,435 1,415 1,455 1,395 1,415 1,455 1,495 Black spinning top

ITMG BoW 15,175 14,850 15,425 14,550 14,850 15,425 15,750 Stoc osc : uptrend

ANTM BoW 695 680 720 670 680 720 740 Black spinning top

TINS Buy 910 910 925 880 895 925 940 Morning star

UNTR BoW 24,400 24,150 24,550 23,850 24,150 24,550 24,900 Black spinning top

ASRI BoW 328 324 336 320 324 336 344 Stoc osc : uptrend

LPKR Buy 745 745 755 725 735 755 775 Stoc osc : reversal

CTRA BoW 1,170 1,150 1,210 1,120 1,150 1,210 1,240 Black spinning top

APLN Buy 197 197 202 191 194 202 208 Rsi : uptrend

SMRA Buy 1,370 1,370 1,410 1,310 1,340 1,410 1,450 Falling window

SSIA Buy 700 700 720 670 685 720 735 Falling Window

BSDE BoW 1,800 1,775 1,820 1,750 1,775 1,820 1,845 Macd : reversal

PTPP Buy 3,080 3,080 3,120 3,030 3,050 3,120 3,170 Morning star

WSKT Buy 2,420 2,420 2,470 2,350 2,400 2,470 2,520 Macd : uptrend

WIKA Buy 2,380 2,380 2,420 2,330 2,380 2,420 2,470 Stoc osc : uptrend

ADHI BoW 2,300 2,280 2,320 2,250 2,280 2,320 2,350 Gravestone doji

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