See important disclaimer at the end of this report

(1)

ID X St a t is t ic s C lo s ing

JCI 5,931.27

Transactio n Value Regular M arket (IDR tn) 6.004 Transactio n Vo lume Regular M arket (mn shares) 7,095

Fo reign Net Buy (Sell) (IDR bn) 221

Fo reign Net Buy (Sell) (3.87)

To tal M arket Capitalizatio n (IDR tn) 6,708.65

LQ45 938.63 1.63 (13.04)

Co al (USD/mn to ns) 113.15 9/20/2018 12.25

Natural Gas (USD/mmBtu) 2.96 7:52:56 AM 0.10

Go ld (USD/o unce) 1,208.50 8:10:07 AM (7.24)

Nickel (USD/mn to ns) 12,705.00 8:10:06 AM (0.43)

Tins (USD/mn to ns) 19,000.00 8:09:59 AM (5.12)

CPO (M YR/mn to ns) 2,118.00 9/20/2018 (13.34)

Rubber (JPY/kg) 145.20 9/20/2018 (29.31)

• I HSG diperkirakan bergerak m ixed dengan kecenderungan m enguat . Bursa AS dit ut up m enguat pada perdagangan

• Sehubungan dengan FTSE Global Equit y I ndex, akan m ulai berlaku efekt if set elah penut upan bursa per 21 Sept em ber ingkan dengan posisi bulan sebelum nya yang m eningkat 7,94% ( yoy) .

(2)

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

Badan Pengat ur Hilir Minyak dan Gas Bum i ( BPH Migas) dan PT Pert am ina ( Persero) m em perket at pengawasan dis-t ribusi solar bersubsidi di seluruh I ndonesia. Harga solar bersubsidi saadis-t ini lebih m urah sekidis-t ar Rp. 5000 per lidis-t er dari harga solar nonsubsidi, sehingga kom odit as t ersebut rawan “ bocor” at au diselewengkan ke konsum en indust ri. Source: I nvest or Daily

OECD m em perkirakan per t um buhan ekonom i global berada di level 3,7% pada 2018 dan 2019, at au t urun dari perkiraan pada Mei sebesar 4% . Source: Bisnis I ndonesia

Bank Dunia m enilai, kendat i dihadapkan pada risiko penurunan pert um buhan ekonom i akibat gej olak ekonom i global, peluang I ndonesia m engalam i krisis keuangan relat if kecil. Pasalnya, I ndonesia saat ini m em iliki fundam ent al ekonom i yang lebih kuat dan pem erint ah berkom it m en m enj aga st abilit as. Source: I nvest or Daily

Pem erint ah akan m em perbesar porsi penerbit an Surat Berharga Negara ( SBN) berdenom inasi rupiah m enj adi lebih dari 80% dari t ot al rencana em isi pada t ahun depan. Source: Bisnis I ndonesia

Pem erint ah dan indust ri sepakat unt uk m enet apkan bat as wakt u pesanan pem belian at au purchase order ( PO) 14 hari sebelum pengirim an agar perluasan kewaj iban m encam pur 20% biodiesel ke solar at au B20 berj alan lancar. Source: Kont an

Pem erint ah dan Badan Anggaran ( Banggar) DPR RI m enyepakat i pem biayaan ut ang dalam RAPBN 2019 sebesar Rp 359,12 t riliun at au t urun sedikit dari usulan not a keuangan RAPBN 2019 sebesar Rp 359,27 t riliun. Perubahan ini dilakukan unt uk disesuaikan asum si kurs yang j uga berubah. Source: I nvest or Daily

Presiden Joko Widodo m em enuhi j anj inya unt uk m engerem ekspansi perkebunan kelapa sawit . I npres y ang dit eken Jokowi pada 19 Sept em ber 2018 ini berlaku selam a t iga t ahun ke depan sej ak t anggal dit erbit kan. Dalam I npres ini, pem erint ah m engaku akan m engevaluasi dan m enat a kem bali perizinan perkebunan sawit . Salah sat u t uj uannya adalah m em ast ikan kelest arian lingkungan t et ap t erj aga. Source: Kont an

Pem erint ah berencana m em perluas sekt or penerim a insent if pem bebasan paj ak at au t ax holiday. Menur ut Direkt ur Pelayanan Fasilit as Penanam an Modal Badan Koordinasi Penanam an Modal ( BKPM) Endang Supriyadi, rencananya akan diperluas ke sem ua sekt or, t erm asuk j asa yang m em iliki aset yang besar dengan krit eria t ert ent u. Source: Kont an

Ot orit as Jasa Keuangan ( OJK) m encat at laba bersih indust ri perbankan pada Juli 2018 m encapai 83,69 t riliun, t um -buh 8,36% secara t ahunan ( year on year/ yoy) . Pert um -buhan t ersebut lebih t inggi dibandingkan dengan posisi bulan sebelum nya yang m eningk at 7,94% ( yoy) . Source: I nvest or Daily

PT Bursa Efek I ndonesia ( BEI ) berencana m em berikan syarat alt ernat if bagi calon em it en yang akan m elangsungkan penawaran um um perdana ( init ial public offering/ I PO) dan m encat at kan saham nya t ersebut di papan pengem ban-gan. BEI berharap kebij akan it u dapat m engakom odasi kebut uhan pasar dan m em perm udah sy arat pencat at an. Source: I nvest or Daily

Dalam t iga t ahun t erakhir, im por serat dan benang naik t aj am . Serangan im por ini m em buat indust ri t ekst il dan pro-duk t ekst il ( TPT) hulu nasional, yang m em propro-duksi dua barang t ersebut t idak bisa m enam bah invest asi dan m enj ual produk di dalam negeri. Source: I nvest or Daily

Nilai penerbit an surat ut ang korporasi diproyeksi sebesar Rp 120 - 170 t riliun pada t ahun 2019. Surat ut ang it u m eli-put i obligasi, sukuk, surat ut ang j angka m enengah ( m edium t erm not es/ MTN) , dan sekurit isasi aset . Sem ent ara it u, akhir t ahun ini diperkirakan m encapai Rp 130 - 170 t irliun. Source: I nvest or Daily

(3)

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

Mahaka Media ( ABBA) m em ast ikan t idak akan m em berikan layanan k husus berupa diskon t arif iklan kam panye polit ik. Tahun ini ABBA m enarget kan pendapat an Rp 300 m iliar dan laba bersih Rp 6 m iliar. Sedangkan pada sem es-t er I - 2018 ABBA m encaes-t aes-t kan r ugi bersih sebesar Rp 7,32 m iliar. Source: Kones-t an

(4)

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 26,697.49 22,219.11 1,937.76 7.84 20.72 17.06 3.88 4.02 7,395.64 7,395.64 2 S P X Index 2,934.80 2,488.03 257.14 9.62 22.51 18.13 3.30 3.36 25,685.35 25,685.35 3 C C M P Index 8,133.30 6,343.96 1,124.84 16.29 40.72 23.94 3.80 3.82 12,550.97 12,550.97 4 S P T S X Index 16,586.46 14,785.78 5.62 0.03 19.81 15.63 1.91 1.88 2,486.85 1,926.15 5 M E X B O L Index 51,121.23 44,429.36 156.36 0.32 19.72 17.25 2.65 2.67 6,013.50 319.24

6 S X 5E Index 3,708.82 3,261.86 (100.84) (2.88) 18.41 13.83 1.67 1.66 2,863.10 3,366.43 7 UK X Index 7,903.50 6,866.94 (320.45) (4.17) 23.26 13.32 1.97 1.95 2,055.19 2,722.10 8 C A C Index 5,657.44 5,038.12 139.03 2.62 18.43 14.53 1.67 1.68 1,588.56 1,867.82 9 D A X Index 13,596.89 11,726.62 (591.16) (4.58) 19.19 13.17 1.86 1.85 1,133.23 1,332.45 10 IB E X Index 10,643.40 9,111.10 (460.20) (4.58) 15.07 12.52 1.47 1.47 598.48 703.70 11 F T S E M IB Index 24,544.26 20,236.27 (464.96) (2.13) 559.35 11.70 1.18 1.21 505.03 593.81 12 A E X Index 576.90 515.96 2.87 0.53 18.84 14.84 1.91 1.88 670.69 788.59 13 S M I Index 9,616.38 8,372.90 (381.06) (4.06) 24.59 15.88 2.59 2.59 1,089.22 1,133.19

14 A S 51 Index 6,373.50 5,639.40 104.32 1.72 17.95 15.88 2.08 2.05 1,841.14 1,340.90 15 A S 30 Index 6,481.30 5,702.20 109.58 1.78 18.90 15.94 2.00 1.97 1,996.84 1,454.30 16 S H S Z 300 Index 4,403.34 3,191.40 (720.73) (17.88) 16.47 11.32 2.05 2.04 26,309.88 3,838.50 17 S H A S H R Index 3,757.20 2,769.10 (605.30) (17.48) 16.86 11.01 1.80 1.72 29,195.43 4,259.50 18 S Z A S H R Index 2,140.56 1,438.39 (501.81) (25.26) 29.07 16.23 3.12 3.04 18,171.32 2,651.12 19 H S I Index 33,484.08 26,219.56 (2,441.48) (8.16) 13.71 11.22 1.39 1.41 17,912.68 2,284.05 20 H S C E I Index 13,962.53 10,196.71 (916.71) (7.83) 9.18 8.08 1.05 1.10 11,400.38 1,453.67 21 S E N S E X Index 38,989.65 31,081.83 3,064.39 9.00 24.56 19.83 3.12 3.03 66,938.32 932.50 22 N IF T Y Index 11,760.20 9,687.55 703.65 6.68 23.85 19.40 3.12 3.04 82,144.17 1,144.32 23 J C I Index 6,693.47 5,557.56 (424.39) (6.68) 24.37 15.50 2.58 2.56 6,708,651.52 452.68 24 LQ 45 Index 1,132.92 871.91 (140.75) (13.04) 21.16 16.14 3.39 3.38 4,276,199.94 288.54 25 K S E 100 Index 47,144.12 37,736.73 848.65 2.10 8.99 8.60 1.46 1.40 7,236.16 58.50 26 N K Y Index 24,129.34 20,213.66 909.99 4.00 19.37 16.65 1.89 1.97 402,115.94 3,574.68 27 N E Y Index 376.09 323.31 (0.92) (0.26) 16.06 13.87 1.38 1.44 453,590.14 4,032.27 28 T P X Index 1,911.31 1,645.16 (29.96) (1.65) 16.35 13.77 1.41 1.47 672,569.47 5,978.93 29 F B M K LC I Index 1,896.03 1,657.78 6.89 0.38 16.69 17.55 1.67 1.69 1,123.31 271.42 30 N Z S E Index 1,652.90 1,404.87 130.16 8.62 19.27 21.93 2.03 2.05 134.92 90.12 31 P C O M P Index 9,078.37 6,923.67 (1,423.69) (16.63) 22.98 16.57 2.51 2.34 8,994.95 166.05 32 F S S T I Index 3,641.65 3,102.73 (222.49) (6.54) 11.07 12.79 1.22 1.21 537.22 393.25 33 K O S P I Index 2,607.10 2,218.09 (144.04) (5.84) 12.69 9.26 1.05 1.07 1,502,705.28 1,343.10 34 T WS E Index 11,270.18 10,189.04 188.55 1.77 15.55 13.89 1.75 1.77 32,144.62 1,045.39 35 S E T Index 1,852.51 1,584.68 (1.60) (0.09) 18.90 16.29 2.08 2.14 17,668.58 546.14 36 S E T 50 Index 1,223.67 1,043.32 22.17 1.95 17.52 16.03 2.26 2.32 12,163.97 375.99 37 V N IN D E X Index 1,211.34 795.05 20.50 2.08 19.00 17.20 2.81 2.84 3,211,511.81 137.71

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

(5)

LQ4 5

Source: Bloomberg, Sinarmas Investment Research 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 6 5 2 , 5 1 0 1 , 3 2 0 (5 2 0 ) (2 7 . 5 9 ) 1 3 . 0 2 6 . 0 4 1 . 1 5 0 . 7 4 4 , 8 6 0 . 5 6

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2 0 I N C O I J 3 , 5 0 0 4 , 7 2 0 2 , 5 1 0 6 1 0 2 1 . 1 1 - 2 9 . 5 2 1 . 1 6 1 . 2 3 3 4 , 7 7 7 . 1 9

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

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

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

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

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

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

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

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

2 9 M Y R X I J 1 2 8 1 9 8 1 0 1 1 8 1 6 . 3 6 - - - - 1 1 , 0 9 8 . 0 1

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

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

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

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 8 0 2 , 9 8 0 1 , 7 6 5 (6 0 0 ) (2 4 . 1 9 ) 2 7 . 2 4 1 6 . 8 0 9 . 3 0 5 . 3 8 2 7 , 4 8 8 . 6 1

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

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

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

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

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

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

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

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

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

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

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

M A R K E T C A P (B n )

(6)

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 0.00 (1.84) (4.80) (14.85)

B asic Industry 1.82 2.50 (1.55) 17.62

Trade 0.14 0.97 (3.69) (10.81)

Finance 1.13 1.10 0.61 (6.40)

M iscellaneo us Industry 1.21 5.51 (0.04) (7.87)

Co nsumer 1.21 0.74 2.38 (13.41)

Infrastructure 0.59 1.66 1.79 (13.03)

A griculture 0.70 (1.99) (1.90) (1.99)

M ining 1.07 1.41 (3.14) 21.46

A ug- 18 J ul- 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 14,815.00 - (1.63) (8.50)

USD/CNY 6.85 0.02 0.16 (4.97)

USD/EUR 0.85 (0.02) (1.78) 1.91

USD/JP Y 112.50 (0.01) (1.95) 0.17

USD/SGD 1.36 (0.01) 0.08 (2.10)

USD/A UD 1.37 0.09 1.10 7.15

USD/GB P 0.75 (0.03) (2.77) 1.80

( in %)

7.38 1.06 1.46 8.20 8.21 8.50 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

(7)

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

(8)

Pick s of Th e D a y

BBRI : TRAD I N G BUY

BBRI ber hasil break Resist ance Tr endline 3.070,BBRI berpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 3.160, 3.200 dan 3.250,Nam un, j ikaBBRI gagal br eak Resist ance 3.160 m akaBBRI akan m encoba Suppor t 3.070, 3.030 dan 3.000.

BBRI dilihat I ndikat or MACD dan St oc osc m engindikasikan pola Rever sal.

Ent r y point : 3.070— 3.090

Ex it point : 3.160 ( 2.9% ) , 3.200 ( 4.2% ) St op Loss : 3.030 ( - 1.3% )

I TM G : BUY ON W EAKN ES

I TM Gbelum ber hasil br eak Resist ance 27.350, I TM Gber peluang m enguj i Suppor t 26.650, 26.350 dan 26.000, Nam un, j ik aI TM G ber hasil break Resist ance 27.350, m ak aI TM Gak an m encoba Resist ance 27.700, 28.000 dan 28.450.I TM Gdilihat I ndik at or MACD dan St oc osc m engindik asik an pola Rever sal.

Ent r y point : 26.650 — 27.000

BBRI - Daily 9/20/2018 4:14:00 PM Open 3050, Hi 3120, Lo 3020, Clos e 3090 (3.0%)MA(Clos e,50)= 3,107.20

3,090

3,107.2

Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep -150

-100 -500 50 100 BBRI -MACD(12,26)= -43.40,Signal(12,26,9)= -38.44

-43.3982

-38.4441

20 80

95.9855

BBRI -Stoch %K(15,3)= 26.36,Stoch %D(15,3,3)= 20.52

26.355

20.5228

BBRI -RSI(15)= 50.40

Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep

20,000

ITMG - Daily 9/20/2018 4:06:00 PM Open 26275, Hi 27050, Lo 26000, Clos e 27000 (2.8%)MA(Clos e,50)= 26,696.00

27,000

26,696

-1,000 0 1,000 2,000 ITMG -MACD(12,26)= -132.56,Signal(12,26,9)= -142.07

-132.563

-142.07

20 80 ITMG -Stoch %K(15,3)= 34.84,Stoch %D(15,3,3)= 33.05

34.8387

33.0466

(9)

Pick s of Th e D a y

AD RO : TRAD I N G BUY

AD RO ber hasil br eak Resist ance Trendline 1.800, AD ROber peluang m elanj ut k an penguat an dengan m enguj i Resist ance 1.850, 1.895 dan 1.930. Nam un, j ik aAD ROgagal br eak Resist ance 1.850 ,m ak aAD ROak an m encoba Suppor t 1.780 dan 1.750.AD RO dilihat I ndik at or St oc osc dan MACD m engindik asik an pola Reversal.

Ent r y point : 1.800 — 1.810

PGAS : BUY ON W EAKN ESS

PGASbelum ber hasil br eak Resist ance Tr endline 2.120,PGASberpeluang m enguj i Suppor t 2.060, 2.030 dan 2.000. Nam un, j ik a PGASber hasil break Resist ance Tr endline 2.120 m ak aPGASak an m encoba Resist ance 2.170, 2.250 dan 2.320.PGASdilihat I ndik ator St oc osc dan MACD m engindik asik an pola Rev er sal.

Ent r y point : 2.060 — 2.080

1,600

ADRO - Daily 9/20/2018 4:13:00 PM Open 1755, Hi 1825, Lo 1730, Clos e 1805 (3.7%)MA(Clos e,50)= 1,852.70

1,805

1,852.7

-100 ADRO -MACD(12,26)= -33.82,Signal(12,26,9)= -34.92

-33.8211

-34.9201

20 80 ADRO -Stoch %K(15,3)= 35.29,Stoch %D(15,3,3)= 27.28

35.2941

27.2771

ADRO -RSI(15)= 49.75

1,400

PGAS - Daily 9/20/2018 4:12:00 PM Open 2040, Hi 2090, Lo 2020, Clos e 2080 (3.0%)MA(Clos e,50)= 1,863.20

2,080

1,863.2

-100 0 100 200 PGAS -MACD(12,26)= 41.96,Signal(12,26,9)= 47.36

41.9619

47.362

20 80 PGAS -Stoch %K(15,3)= 61.62,Stoch %D(15,3,3)= 56.10

61.6246

56.0971

(10)

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