JCI Index DAILY RESEARCH. Previous Day:

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Previous Day:

Pada penutupan perdagangan hari Senin (4/8), IHSG naik se-banyak 30,44 poin (0,60%) ke level 5119,25. Ada sese-banyak 127 saham yang naik, 167 saham yang mengalami koreksi, dan 92 saham yang stagnan. Total perdagangan hari ini seban-yak Rp 8,753 triliun. LQ45 naik 9,78 poin (1,13%) ke level 878,08. Sektor-sektor di zona hijau adalah sektor infrastruk-tur naik 1,89%, sektor pertambangan naik 1,88%, dan sektor aneka industri naik 1,72%. Sektor-sektor di zona merah adalah sektor agrikultur turun 1,18%, sektor konstruksi turun 0,65%, dan sektor industri dasar turun 0,59%. Foreign net buy sebesar Rp 901 miliar. Indeks Nikkei turun 0,31%. Indeks Straits Times jatuh 0,79%. Indeks Hang Seng naik 0,28%. Indeks Shanghai bertambah 1,74%.

Today’s Market:

Secara teknikal indeks hari Selasa (5/8) diperkirakan akan bergerak menguat di level 5073-5142. Cina akan merilis data HSBC Manufacturing PMI bulan Juli yang diperkirakan ke level 52 dibandingkan sebelumnya di level 53,1. Dari dalam negeri akan merilis data pertumbuhan ekonomi kuartal II-2014 yang diperkirakan naik ke level 1,67% QoQ atau 5,44% YoY akan turut mempengaruhi indeks hari ini.

Top Technical Buys:

ASII, UNVR, ITMG, BBNI

Sinarmas Investment Research/+6221 3925550/research@sinarmassekuritas.co.id

DAILY RESEARCH

UNDERVALUED STOCKS 2014: MYOR 34,600

ROTI 1,330

Clo s ing JCI

Tra nsa c tion Va lue (Rp tn) Tra nsa c tion Volume (mn sha re s)

Foreign Ne t Buy (Sell) (Rp bn) 901.28 Foreign Ne t Buy (Sell) YTD (Rp tn) 59.08 as pe rc e nta ge of last ye ar's 11.70 Total Marke t Capitalization (Rp tn) 4,785.13

Closing 1 Day Return % YTD Change % 5,119.2 0.60 19.8 878.1 1.13 23.5 28.8 3.00 26.1 26.9 2.83 26.5 16,569.3 0.46 (0.0) 1,939.0 0.72 4.9 4,383.9 0.72 5.0 6,677.5 (0.02) (1.1) 15,474.5 (0.31) (5.0) 24,532.4 0.28 5.6 3,344.4 (0.79) 4.8 1,875.8 0.67 0.5 FOREX Change YTD Change % USD/IDR (11.00) 3.6 EUR/IDR (13.70) 6.3 JPY/IDR (0.20) 1.1 SGD/IDR (10.38) 2.1 AUD/IDR 3.26 (0.9) GBP/IDR 46.74 1.4 Price 1 Day Return % YTD Change % CRUDE OIL (USD)/BARREL _98.3 _0.5 _(0.1) COAL (USD) / MT 76.4 0.0 (6.5) NATURAL GAS (USD) / mmBtu _3.8 _1.0 _(9.3) GOLD (USD) / OUNCE 1,289.4 (0.3) 6.9

NICKEL (USD) / MT 18,500.0 (0.0) 33.1 TIN (USD) / MT 22,400.0 (0.2) 0.2 CPO (MYR) / MT 2,341.0 0.6 (10.9) RUBBER (JPY)/KG 193.6 (0.3) (30.8) WHEAT/BUSHEL 5.4 1.8 (10.2) CORN/BUSHEL 3.6 1.3 (15.4) 5,119.25 8.753 6,213 IDX S ta tis tic s

Commodities JCI LQ45 EIDO IDX 9,427.5 10,954.5 19,836.3 Key Indices STRAITS TIMES KLSE Rate (IDR) 11,742.5 15,766.1 114.5 HANG SENG DOW JONES S&P 500 NASDAQ FTSE NIKKEI

See important disclaimer at the end of this report

Tu esd a y, Au gu st 05, 2014 5,040 5,060 5,080 5,100 5,120

JCI Index

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CORPORATE NEWS

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PT Mitra Adiperkasa Tbk (MAPI) membukukan penurunan laba bersih 31% hingga semester I-2014 menjadi Rp 100,36 miliar. Penurunan laba tersebut disebabkan oleh melemahnya nilai tukar rupiah terha-dap dollar Amerika Serikat, kenaikan suku bunga dan peningkatan beban operasional. Meski demikian, penjualan tetap tumbuh karena permintaan atas produk dan merek yang perusahaan kelola tetap tinggi. Perusahaan juga berencana melepas merek yang tidak menguntungkan. (Neutral) Source: Kontan

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PT Kimia Farma Tbk (KAEF) siap tancap tiang pancang pabrik garam farmasi yang berlokasi di Watuda-kon, Jombang, Jawa Timur. Perusahaan berencana pada Agustus ini melakukan pemasangan tiang pancang pertama pembangunan pabrik tersebut. Perusahaan telah mengantongi izin dari pihak Badan Pengawas Obat dan Makanan (BPOM). Proses pembangunan pabrik akan memakan waktu selama 8 bulan atau pabrik dapat selesai dan sekaligus beroperasi pada Maret atau April 2015. (Positive) Source: Kontan

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PT Wijaya Karya Tbk (WIKA) siap menerbitkan MTN Rp 600 miliar pada semester II-2014. Dana hasil emisi surat utang tersebut dialokasikan untuk membiayai ekspansi dan investasi dalam jangka panjang. Perusahaan telah menunjuk Mandiri Sekuritas sebagai penasihat keuangan. Selain itu perusahaan juga mendorong anak usahanya untuk menerbitkan obligasi. Perusahaan juga menargetkan menjadi perusa-haan EPC dani nvestasi terbaik serta terbesar di Asean pada 2020. Pada tahun tersebut, perusaperusa-haan diprediksikan memperoleh pendapatan sebesar Rp 34 triliun dengan laba bersih Rp 1,7 triliun. (Positive) Source: Investor Daily

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Eddy Wijaya/ Technical Analyst/62 21 3925550

TRADING VIEW

Tuesday, August 05, 2014

These recommendations are more based on technical and just for one day trading

RESEARCH DEPARTMENT

TICKER RECOMMENDATION PRICE ENTRY EXIT S2 S1 R1 R2 EXPLANATION

AGRICULTURE

AALI Buy on Weakness 26250 26000 26500 25875 26000 26500 26700 Stoc osc : uptrend BWPT Buy on Weakness 1150 1130 1170 1100 1130 1170 1190 Rsi : downtrend LSIP Trading Buy 2115 2115 2135 2080 2100 2135 2150 Macd : reversal BANK & FINANCE

BMRI Buy on Weakness 10275 10150 10350 10075 10150 10350 10450 Rsi : reversal BBRI Trading Sell 10975 10975 10800 10700 10800 11150 11350 Macd : downtrend BBNI Trading Buy 5125 5125 5175 5025 5075 5175 5250 Stoc osc : uptrend BBCA Buy on Weakness 11725 11675 11800 11500 11675 11800 11900 Stoc osc : reversal CONSUMER GOODS

INDF Trading Buy 7175 7175 7250 7025 7100 7250 7300 Rsi : uptrend ICBP Trading Buy 10600 10600 10750 10300 10550 10750 10850 Rsi : uptrend GGRM Trading Buy 54400 54400 54550 53750 54100 54550 54650 Stoc osc : uptrend UNVR Trading Buy 31475 31475 31600 30900 31150 31600 31850 Long white candle CPIN Buy on Weakness 3945 3925 3970 3890 3925 3970 4015 White spinning top MAIN Buy on Weakness 3000 2930 3025 2900 2930 3025 3050 Rsi : reversal BASIC & MISC INDUSTRY

ASII Trading Buy 7900 7900 8025 7650 7800 8025 8100 Rsi : reversal SMGR Buy on Weakness 16725 16650 16800 16500 16650 16800 17150 White Spinning top INTP Trading Sell 24350 24350 24150 24050 24150 24500 25000 Macd : downtrend INFRASTRUCTURE

TLKM Buy on Weakness 2690 2670 2710 2630 2670 2710 2730 White spinning top PGAS Buy on Weakness 6100 5900 6150 5800 5900 6150 6225 Rsi : uptrend JSMR Buy on Weakness 6400 6325 6475 6250 6325 6475 6525 Long legged doji TBIG Trading Buy 8900 8900 9000 8450 8600 9000 9100 Falling window

RETAIL

MAPI Buy on Weakness 5125 5050 5200 4980 5050 5200 5450 Rsi : downtrend RALS Trading Sell 1055 1055 1045 1030 1045 1065 1080 Black spinning top ACES Trading Sell 900 900 880 865 880 920 940 Macd : downtrend MPPA Buy on Weakness 2895 2870 2930 2850 2870 2930 2955 Rsi : downtrend MINING

PTBA Trading Buy 12500 12500 12750 12150 12250 12750 13150 Long white candle ADRO Trading Buy 1235 1235 1250 1180 1225 1250 1265 Stoc osc : uptrend ITMG Trading Buy 28050 28050 28250 27600 27800 28250 28600 Macd : uptrend ANTM Trading Sell 1220 1220 1200 1185 1200 1250 1265 Stoc osc : uptrend TINS Buy on Weakness 1400 1380 1420 1350 1380 1420 1450 Long legged doji UNTR Trading Buy 23900 23900 24500 23200 23500 24500 24650 Macd : reversal PROPERTY

ASRI Trading Sell 515 515 490 480 490 525 540 Stoc osc : downtrend LPKR Buy on Weakness 1105 1095 1120 1080 1095 1120 1140 Long legged doji CTRA Buy on Weakness 1155 1135 1175 1100 1135 1175 1185 White spinning top APLN Buy on Weakness 335 325 340 320 325 340 355 White spinning top SMRA Trading Sell 1330 1330 1310 1285 1310 1350 1375 Rsi : downtrend SSIA Trading Sell 735 735 725 715 725 745 765 Black Spinning top BSDE Trading Sell 1575 1560 1585 1545 1560 1585 1600 Macd : downtrend WIKA Trading Sell 2615 2595 2640 2580 2595 2640 2660 Stoc osc : downtrend PTPP Buy on Weakness 2285 2260 2300 2240 2260 2300 2315 Rsi : reversal ADHI Buy on Weakness 3060 3040 3095 3020 3040 3095 3125 White spinning top

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Global Equity Indices

Tuesday, August 05, 2014

Description YTD Change % 5-Aug-14 Forward 2014 P/E Ratio (Best Est.)

LQ45 23.5 878 Nikkei 225 (5.0) 15,474 JCI 19.8 5,119 FTSE 100 (1.1) 6,678 ASX 200 3.3 5,532 DJIA (0.0) 16,569 S&P500 4.9 1,939 STI 4.8 3,318 CAC 40 (1.8) 4,217 Shanghai Composite 5.1 2,223 DAX (4.2) 9,154 KOSPI 2.9 2,069 Hang Seng 5.6 24,600 Euro Stoxx (1.2) 3,070

Description YTD Change % 5-Aug-14 Description YTD Change % 5-Aug-14

AALI 4.6 26,250 ICBP 3.9 10,600 ADRO 13.3 1,235 IMAS (8.0) 4,510 AKRA 5.6 4,620 INCO 50.9 4,000 ANTM 11.9 1,220 INDF 8.7 7,175 ASII 16.2 7,900 INDY 20.3 710 ASRI 19.8 515 INTP 21.8 24,350 BBCA 22.1 11,725 ITMG (1.6) 28,050 BBNI 29.7 5,125 JSMR 35.4 6,400 BBRI 51.4 10,975 KLBF 32.4 1,655 BBTN 20.7 1,050 LPKR 21.4 1,105 BDMN 4.0 3,925 LSIP 9.6 2,115 BHIT 6.5 362 MAIN (5.5) 3,000 BKSL (23.6) 120 MAPI (6.8) 5,125 BMRI 30.9 10,275 MNCN 5.9 2,780 BMTR (1.8) 1,865 PGAS 36.3 6,100 BSDE 22.1 1,575 PTBA 22.5 12,500 BUMI (36.3) 191 SMCB 30.8 2,975 BWPT (13.5) 1,150 SMGR 18.2 16,725 CPIN 16.9 3,945 SSIA 31.3 735 EXCL 11.1 5,775 TLKM 26.3 2,690 GGRM 29.5 54,400 UNTR 25.8 23,900 GIAA (14.5) 424 UNVR 21.1 31,475

HRUM (20.4) 2,190 JAKPROP INDEX_{JAKBIND INDEX}

Sectors JAKFIN INDEX

Description _{JAKCONS INDEX}

Property 8.1 JAKMIND INDEX

Basic Industry 5.6 JAKINFR INDEX

Trade 4.3 JAKAGRI INDEX

Finance 4.8 JAKMINE INDEX

Miscellaneous Industry 2.6 Consumer 5.9 Infrastructure 7.3 Agriculture (4.3) Mining 3.1 1-mth Return % Selected Indonesian Equities

16.1 17.5 16.5 14.0 15.3 14.6 16.2 14.6 15.0 8.8 13.0 16.5 11.4 14.2

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Dividend

Ticker Status DPS (IDR) Cum Date Ex Date Recording Payment BFIN Final 126.60 24 Juli 2014 25 Juli 2014 5 Agustus 2014 19 Agustus 2014 MASA Final 1 25 Juli 2014 4 Agustus 2014 7 Agustus 2014 21 Agustus 2014 PANR Final 8.18 4 Agustus 2014 5 Agustus 2014 7 Agustus 2014 21 Agustus 2014 ETWA Final 1.62 4 Agustus 2014 5 Agustus 2014 7 Agustus 2014 21 Agustus 2014 DPNS Final 20 4 Agustus 2014 5 Agustus 2014 7 Agustus 2014 21 Agustus 2014 MDRN Final 2 4 Agustus 2014 5 Agustus 2014 7 Agustus 2014 21 Agustus 2014 GEMA Final 7 4 Agustus 2014 5 Agustus 2014 7 Agustus 2014 21 Agustus 2014 DART Final 28 4 Agustus 2014 5 Agustus 2014 7 Agustus 2014 21 Agustus 2014 GGRM Final 800 6 Agustus 2014 5 Agustus 2014 7 Agustus 2014 25 Agustus 2014 LION Final 400 6 Agustus 2014 7 Agustus 2014 11 Agustus 2014 25 Agustus 2014 LMSH Final 200 6 Agustus 2014 7 Agustus 2014 11 Agustus 2014 25 Agustus 2014 AMRT Final 4.25 7 Agustus 2014 8 Agustus 2014 12 Agustus 2014 26 Agustus 2014 SMAR Final 5 8 Agustus 2014 11 Agustus 2014 13 Agustus 2014 27 Agustus 2014 PANS Final 115 11 Agustus 2014 12 Agustus 2014 14 Agustus 2014 27 Agustus 2014

Ticker NS:OS Price (IDR) Cum Date (2014) Ex Date (2014) Trading (2014)

TKIM 1:1 1000 3 Juli 4 Juli 10 Juli- 16 Juli

SMRU 1:7 100 4 Juli 7 Juli 14 Juli –15 Juli

MITI 1:1 230 7 Juli 8 Juli 15 Juli-21 Juli

BUMI 20:31 250 7 Juli 8 Juli 15 Juli-1 Sept

SIAP 1:39 200 7 Juli 8 Juli 15 Juli-21 Juli

Rights Issue

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Global Reference Rates FOREX Rate (USD) Change %

FED Rate 0.25 USDIDR 11,743 0.15 BI Rate 7.50 USDEUR 0.75 0.00 ECB Rate 0.15 USDJPY 103 (0.04)

BOJ Rate 0.10 USDSGD 1.25 0.02 BOE Rate 0.50 USDAUD 1.07 0.05 PBOC Rate 6.00 USDGBP 0.59 (0.02)

Description June May

Inflation YTD (%) 2.94 1.56 8.35

Inflation YOY (%) 4.53 7.32 1.07

Inflation MOM (%) 0.93 0.16 1.46

Foreign Reserves (USD bn) 107.05 7.94

GDP YOY Growth Rate 1Q14 (%) 5.21 8.13

GDP Growth Rate 2014 (%) 0.95 8.55

Dual Listed Price (IDR) Change %

TLKM (US) 2,524.75 0.00 ANTM (GR) 1,071.70 (10.53)

%

Lending & Deposit Rates

INDOGB 15Y YIELD (%) JIBOR (IDR) (%) LIBOR (GBP) (%) SIBOR (USD) (%) INDOGB 5Y YIELD (%) INDOGB 10Y YIELD (%)

MACRO INDICATORS APBN-P 2014 APBN 2014

GDP Growth (%) 5.5 6.0

Inflation (%) 5.3 5.5

Exchange rate (USD/IDR) 11.600 10,500

3 Months SPN (%) 6.0 5.5

Indonesian Crude Oil (USD/barrel) 105 105

Oil Lifting (barrel/day) 818,000 870,000

Gas Lifting (BOE/day) 1,224,000 1,240,000

Total APBN (IDR tn) 1,635 1,667

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.