Indonesia Market Headlines

(1)

LQ45 Stock Ranking

No. Ticker Last 1D% 5D% No. Ticker Last 1D% 5D% Down below 0% 35

1 INCO 7,625 7.4 12.5 1 SMGR 6,225 (3.9) (3.9)

2 MDKA 4,980 4.8 2.5 2 ITMG 31,450 (3.2) 8.8 Unchanged Stock 1 3 AKRA 1,050 2.9 (3.7) 3 UNVR 4,880 (2.9) -

4 ANTM 2,460 2.5 2.5 4 BUKA 296 (2.6) (4.5) Up Above 0% 9 5 TINS 1,705 2.1 (0.3) 5 TOWR 960 (2.5) (5.4)

Total 45

Sectoral Indices Performance (Ch. Day %) Net Trading Value (in Billion Rp) Today Foreign

Net Trading Value

Year 2022 Foreign Net Trading Value

TOP GAINER TOP LOSER Number of stock:

64,518

(280.55) Net Buy Net Sell

(1.63)

(0.89) (0.67)

(0.63) (1.30)

1.80 (0.58)

(0.07) (0.61)

0.90 (0.66)

Energy Basic Material Industrials Properties Infrastructure Technology Transportation

Healtcare Cons. Cyc.

Financials Cons. Non-Cyc.

Indonesia Market Headlines

Published on: Friday, May 20, 2022

See pg. 8-10 for Technical Corner

Market Review

IHSG kemarin berhasil rebound dari penurunannya di sesi I dengan ditutup naik 0.44% ke level 6,823. Saham yang menjadi penggerak indeks yakni GOTO, ARTO dan MDKA.

Market Prediction:

IHSG hari ini berpotensi melanjutkan penguatan dengan bergerak mix di kisaran 6,750-6,894.

Technical Corner TINS, AKRA, AALI, BBNI Commodity Market

Harga minyak mentah dunia bangkit, Penguatan terjadi berkat pelemahan dolar dan ekspektasi China melonggarkan sejumlah pembatasan wilayah.

Faktor Global

1. Klaim baru untuk tunjangan pengangguran Amerika Serikat pada pekan lalu naik di luar dugaan.. Jumlah orang Amerika yang menganggur pada awal Mei ada pada level terendah sejak 1969.

2. Departemen Urusan Ekonomi dan Sosial PBB menurunkan proyeksi pertumbuhan ekonomi global dari 4% menjadi 3,1%.

Daily News

• BISI | Bisi International (BISI) sepanjang 1Q22 mencatatkan laba

bersih sebesar Rp 154,28 miliar (+ 94,9% YoY).

• WSKT | Waskita Karya (WSKT) menerima good funds sebesar Rp3,28

triliun melalui penerbitan obligasi dan sukuk dengan penjaminan pemerintah yang akan digunakan untuk refinancing dan keperluan modal kerja untuk proyek Tol Kayu Agung-Palembang-Betung.

29.92 0.44%

Open Highest

Lowest MTD % (5.61)

Mkt Cap (Rptr) 9,037.19 YTD % 3.67 Jakarta Composite Index

6823.335

6,719.76

6,851.72

6,620.68

(2)

2 See important disclaimer at the end of this report

www.sinarmassekuritas.co.id

Market comment….

Bursa regional pada perdagangan kemarin mayoritas ditutup drop, dipimpin bursa Hangseng dan Sensex. Kekhawatiran investor meningkat menyikapi strategi Zero COVID-19 Tingkok dan panasnya Rusia-Ukraine. Selain itu, investor juga mencermati kebijakan bank sentral regional yang telah mengambil sikap antisipatif dengan menaikkan suku bunga.

World Indices Comparison

Indices Comparison

Day Weekly Montly YTD United States INDU Index 31,490 (3.57) (1.08) (9.80) (13.34) Canada SPTSX Index 20,101 (1.90) 2.04 (8.71) (5.28) Mexico MEXBOL Index 50,394 (2.08) 2.27 (7.76) (5.40) Ecuador SX5E Index 3,609 (2.22) (0.13) (5.79) (16.04) United Kingdom UKX Index 7,265 (2.33) 0.44 (4.42) (1.62) France CAC Index 6,226 (2.00) 0.31 (4.73) (12.97) Georgia DAX Index 13,746 (1.87) 0.04 (2.88) (13.47) Spain IBEX Index 8,381 (1.13) 2.20 (3.60) (3.82) Italy FTSEMIB Index 23,827 (1.08) 1.11 (3.24) (12.87) Niger AEX Index 673 (2.92) (0.34) (6.11) (15.68) Swaziland SMI Index 11,274 (2.63) (2.02) (8.20) (12.44) Indonesia JCI Index 6,823 0.44 0.10 (5.22) 3.67 Australia AS51 Index 7,064 (1.65) 1.78 (6.62) (5.11) Switzerland SHSZ300 Index 4,000 0.19 1.03 (3.27) (19.04) Hong Kong HSI Index 20,121 (2.54) 3.82 (4.31) (14.01) India SENSEX Index 52,792 (2.61) (0.26) (6.50) (9.38) Pakistan KSE100 Index 42,983 (0.10) 0.20 (7.23) (3.62) Japan NKY Index 26,403 (1.89) 2.54 (2.16) (8.30) Morocco FBMKLCI Index 1,549 (0.35) (0.42) (2.01) (1.16) New Zealand NZSE Index 1,790 (0.47) 0.13 (5.43) (15.01) Philippines PCOMP Index 6,660 (1.00) 1.96 (5.37) (6.49) Slovenia FSSTI Index 3,191 (1.07) (1.10) (3.52) 2.15 Slovakia KOSPI Index 2,592 (1.28) 1.66 (4.65) (12.94) Taiwan TWSE Index 16,020 (1.70) 2.58 (5.73) (12.07) Thailand SET Index 1,606 (0.89) (0.46) (4.16) (3.12) Vietnam VNINDEX Index 1,242 0.07 0.23 (11.72) (17.13) Asia

Pacific

Country Index Percentage %

America

EA

(3)

Looking Ahead

Key point….

US: Initial Jobless Claims 14 MAY & GDP Growth Rate QoQ 2nd Est Q1

Tingkat initial jobless claims Amerika Serikat periode 14 Mei 2022 tercatat 218 ribu, lebih tinggi dari perkiraan konsensus sebesar 200 ribu. Selain itu, Amerika Serikat akan merilis pertumbuhan GDP periode 1Q22 yang diperkirakan konsensus terkontraksi sebesar 1.4% QoQ.

Latest in markets...

Market: Currencies and Commodity

USD/IDR 14,733 (0.31) 3.26 Indonesia 3.50 3.47 5.01

EUR/IDR 15,404 (0.23) (4.32) United States 1.00 8.30 3.60

JPY/IDR 114 (1.37) (7.49) Euro Area 0.00 7.40 5.10

SGD/IDR 10,568 (0.22) 0.46 United Kingdom 1.00 9.00 8.70

AUD/IDR 10,224 0.11 (0.79) Japan 0.10 1.20 0.20

GBP/IDR 18,143 (0.38) (5.53) China 4.35 2.10 4.80

Crude Oil (USD/barrel) 107.78 (1.65) 43.31 10 Year 7.32 -0.10 14.70

Coal (USD/mn tons) 412.00 (0.40) 142.92 15 Year 7.53 -0.03 20.11

Natural Gas (USD/mmBtu) 8.03 (4.09) 115.17 20 Year 7.49 0.15 5.69

Gold (USD/ounce) 1,825.05 0.46 (0.23) 30 Year 7.29 -0.14 6.77

Nickel (USD/mn tons) 26,159.00 (0.94) 26.02 Tins (USD/mn tons) 33,019.00 (3.07) (15.03)

CPO (MYR/mn tons) 6,594.00 (1.49) 27.82

Rubber (JPY/kg) 243.40 0.41 9.25

Wheat (USD/bushel) 1,204.00 (2.17) 56.21

Corn (USD/bushel) 776.75 (0.61) 30.93

Commodities Price Chg last YTD (%) Government Bonds

CB Rate CPI YoY GDP YoY

Yield% Chg% YTD%

Currency Spot Rate Rate (IDR) 1-Day (%) YTD (%) Global Economics Economic Indicator

Date Event Act Prev Cons/Forecast

Thu, 19 May 2022 US: Initial Jobless Claims 14 MAY 218K 203K 200K

US: GDP Growth Rate QoQ 2nd Est Q1 6.9% -1.4%

Fri, 20 May 2022 CN: Loan Prime Rate 1Y 3.7% 3.7%

CN: Loan Prime Rate 5Y MAY 4.6% 4.6%

Tue, 24 May 2022 ID: Interest Rate Decision 3.5%

(4)

4 See important disclaimer at the end of this report

www.sinarmassekuritas.co.id

•

Rasio Utang Luar Negeri RI Turun ke 33.7 Persen di Kuartal I, BI Pastikan Levelnya Sehat. Utang luar negeri yang tetap terkendali tersebut tercermin dari rasio ULN Indonesia terhadap PDB yang terjaga di kisaran 33.7 persen.

Mencerminkan risiko hutang Indonesia yang tergolong terjaga dan masih dalam kategori yang sehat

•

Survei BI Membuktikan Penyaluran Kredit Baru Melambat di April 2022 Survei Bank Indonesia menunjukkan penyaluran kredit baru pada April 2022 terindikasi melambat dibandingkan bulan sebelumnya.

Mengindikasikan aktivitas ekonomi di Indonesia mengalami peningkatan

The Policies and events reshaping the economy

Macro Update

Source: Kontan, Investor Daily, etc and Sinarmas Sekuritas

Ticker News Prev. P/E Industry

WSKT

Waskita Karya (WSKT) menerima good funds sebesar Rp3,28 triliun melalui penerbitan obligasi dan sukuk dengan penjaminan pemerintah. Dana tersebut akan digunakan untuk refinancing dan keperluan modal kerja untuk proyek Tol Kayu Agung-Palembang-Betung.

486 #N/A N/A

Construction &

Engineering

MDKA

Hongkong Brunp and Catl Co Ltd resmi menjadi pemegang saham Merdeka Copper Gold (MDKA) dengan proporsi 5%

saham atau sejumlah 1,2 miliar saham setelah dituntaskannya rights issue MDKA bulan lalu.

4,980 72.15 Metals & Mining

TRIN

Perintis Triniti Properti (TRIN) menargetkan nilai marketing sales sekitar Rp 900 miliar sampai Rp 1 triliun di sepanjang 2022. Manajemen mengatakan bahwa Triniti Land akan memperkenalkan berbagai proyek baru dan sustainable.

444 #N/A

N/A #N/A N/A

BISI

Bisi International (BISI) sepanjang 1Q22 mencatatkan laba bersih sebesar Rp 154,28 miliar (+ 94,9% YoY) vs. Rp 79,465 miliar pada 2021. Manajemen menyatakan bahwa pencapaian tersebut didorong oleh efisiensi biaya yang dilakukan perusahaan.

1,560 10.30 Food Products Corporate News

(5)

The Tables of Fundamental Analysis

Last Price 1-D % 5-D % YTD % PBV (x) LDR (%) NPL NIM (%) ROE (%) DER (x)

Financials

BBCA

^7,450 (2.6) (2.6) 2.1 4.7 65.9 2.2 4.4 17.4 6.1

BBRI

^4,440 (1.1) (1.1) 8.0 2.5 93.3 3.0 6.9 15.7 57.2

BMRI

^7,900 (1.3) (1.3) 12.5 1.9 83.5 2.7 4.1 17.1 52.9

BBNI

^8,675 (1.1) (1.1) 28.5 1.3 82.6 3.7 4.1 10.4 54.3

BBTN

^1,665 (0.9) (0.9) (3.8) 0.8 92.9 3.7 3.8 12.4 202.7 2.2

83.6 3.1 4.7 14.6 74.6

Last Price 1-D % 5-D % YTD% PBV (x) PER (Trailing) P/EBITDA ROA (%) ROE (%) DER (x)

Comm. Services

TLKM

^4,210 (2.8) (2.8) 4.2 3.3 16.8 5.3 9.3 21.0 47.5

TOWR

⁹⁶⁰ (5.4) (5.4) (14.7) 4.0 13.9 6.9 6.8 30.9 389.5

TBIG

^2,840 (7.2) (7.2) (3.7) 6.6 39.7 11.9 4.0 17.2 300.6

EXCL

^2,660 (11.0) (11.0) (16.1) 1.4 25.7 2.0 1.6 5.6 177.5

MNCN

⁹³⁰ (3.1) (3.1) 3.3 0.7 5.2 3.0 11.8 15.3 20.1 3.2

20.2 5.8 6.7 18.0 187.0

Materials

MDKA

^4,980 2.5 2.5 31.2 9.9 72.2 29.6 7.6 14.8 48.5

TPIA

^9,900 (0.3) (0.3) 35.2 5.0 223.8 60.5 1.3 2.4 36.8

BRPT

⁸⁰⁵ (5.3) (5.3) (5.8) 2.9 79.7 7.6 0.9 4.6 72.6

INTP

^9,825 (6.4) (6.4) (18.8) 1.7 22.2 11.8 6.1 7.5 1.3

SMGR

^6,225 (3.9) (3.9) (14.1) 1.0 18.3 4.5 2.6 5.7 42.4

ANTM

^2,460 2.5 2.5 9.3 2.8 31.8 16.3 5.8 9.3 28.9

INKP

^7,525 (1.0) (1.0) (3.8) 0.6 5.3 2.5 6.0 11.7 72.4

INCO

^7,625 12.5 12.5 62.9 2.3 25.8 12.2 8.2 9.3 0.2

TKIM

^6,525 (2.2) (2.2) (13.3) 0.8 5.5 10.5 8.0 15.2 61.5

TINS

^1,705 (0.3) (0.3) 17.2 2.0 6.7 4.1 8.9 23.2 64.8 2.9

49.1 16.0 5.5 10.4 42.9

Consumer Staples

CPIN

^4,970 (2.1) (2.1) (16.5) 3.2 22.5 13.4 10.9 14.9 25.0

INDF

^6,450 - - 2.0 1.2 7.4 2.7 4.5 16.9 71.6

UNVR

^4,880 - - 18.7 29.2 30.6 20.4 28.9 94.0 63.3

ICBP

^7,975 (3.9) (3.9) (8.3) 2.7 14.6 7.0 5.8 20.2 76.3

GGRM

^30,400 0.2 0.2 (0.7) 1.0 11.8 6.2 5.9 8.2 17.0

JPFA

^1,380 (2.8) (2.8) (19.8) 1.3 9.1 3.6 5.6 14.5 77.6

HMSP

^1,030 3.5 3.5 6.7 3.8 18.7 13.4 12.2 20.2 1.2 6.1

16.4 9.5 10.5 27.0 47.4

(6)

6

The Tables of Fundamental Analysis

See important disclaimer at the end of this report www.sinarmassekuritas.co.id

Last Price 1-D % 5-D % YTD% PBV (x) PER (Trailing) P/EBITDA ROA (%) ROE (%) DER (x)

Cons.Discre

ASII

^7,000 1.4 1.4 22.8 1.6 12.2 6.7 6.3 13.7 33.6

BUKA

296 (4.5) (4.5) (31.2) 0.8 #N/A N/A #N/A N/A 61.9 66.3 8.7

ACES

^1,020 (0.5) (0.5) (20.3) 3.1 25.1 13.0 9.4 12.7 15.1 1.8

18.6 9.9 25.9 30.9 19.2

Energy

UNTR

^29,975 (0.8) (0.8) 35.3 1.5 8.8 4.1 11.3 18.5 12.8

ADRO

^3,110 (1.3) (1.3) 38.2 1.4 5.3 2.7 17.9 30.0 36.1

PTBA

3,950 6.5 6.5 45.8 1.9 5.7 4.0 26.3 38.7 4.3

ITMG

^31,450 8.8 8.8 54.2 1.9 3.6 2.1 40.7 60.8 4.3

AKRA

1,050 (3.7) (3.7) 27.7 2.1 16.8 10.8 5.5 13.1 27.1

MEDC

⁵⁶⁰ - - 20.2 0.9 #N/A N/A 1.5 (0.1) (0.6) 251.4 1.6

8.0 4.2 16.9 26.8 56.0

Health Care

KLBF

1,605 (1.8) (1.8) (0.6) 3.7 22.8 15.3 13.0 17.1 2.9

MIKA

^2,740 9.2 9.2 21.2 7.3 32.9 22.0 17.2 22.7 - 5.5

27.8 18.7 15.1 19.9 1.5

Industrials

JSMR

^3,950 (3.1) (3.1) (3.9) 1.3 14.7 3.2 1.8 9.2 242.1

WIKA

^31,450 (2.7) (2.7) (18.6) 0.6 68.6 7.1 0.2 0.9 163.1

PTPP

1,050 (2.2) (2.2) (11.6) 0.5 20.9 3.3 0.5 2.4 136.6 0.8

34.7 4.5 0.8 4.2 180.6

Utilities

PGAS

^1,555 2.3 2.3 13.1 1.0 7.0 2.8 4.8 14.6 89.8 1.0

7.0 2.8 4.8 14.6 89.8

Real Estate

BSDE

⁹⁰⁰ (2.7) (2.7) (10.9) 0.6 17.0 6.9 1.8 3.6 33.4

PWON

496 (9.8) (9.8) 6.9 1.5 17.3 9.1 5.0 9.0 29.8 1.0

17.1 8.0 3.4 6.3 31.6

IT

ERAA

⁴⁹⁴ (3.1) (3.1) (17.7) 1.3 7.8 3.7 9.0 17.5 33.6 1.3

7.8 3.7 9.0 17.5 33.6

(7)

The Tables of Technicals

Technical (LQ45 | Feb-July)

Source: Sinarmas Investment Research

Da y Weekl y Monthl y YtD% 1 2 1 2

JCI 6,823 0.44 0.10 (5.22) 3.7 Positif Oversold Negatif 6,650 6,525 6,875 6,975 6,425

1 BBCA 2 BBRI 3 TLKM 4 BMRI 5 ASII 6 BBNI 7 MDKA 8 CPIN 9 UNTR 10 KLBF 11 ADRO 12 INDF 13 TOWR 14 TPIA 15 TBIG 16 UNVR 17 BRPT 18 INTP 19 SMGR 20 BUKA 21 ICBP 22 ANTM 23 INKP 24 PGAS 25 MIKA 26 EXCL 27 PTBA 28 GGRM 29 INCO 30 ACES 31 JPFA 32 JSMR 33 HMSP 34 MNCN 35 BSDE 36 ITMG 37 BBTN 38 PWON 39 TKIM 40 AKRA 41 ERAA 42 TINS 43 WIKA 44 MEDC 45 PTPP 7,450 (1.7) (2.6) (2.3) 2.1 Positif Trading Negatif 7,375 7,325 7,475 7,525 7,225 4,440 (0.2) (1.1) (2.8) 8.0 Positif Trading Negatif 4,315 4,230 4,475 4,550 4,165 4,210 (0.9) (2.8) (10.0) 4.2 Positif Oversold Negatif 4,155 4,115 4,235 4,275 4,050 7,900 - (1.3) 4.3 12.5 ^Positif ^Trading ^Negatif 7,775 7,675 7,950 8,025 7,550 7,000 (1.4) 1.4 1.4 22.8 ^Negatif ^Trading ^Negatif 6,825 6,700 7,100 7,250 6,600 8,675 (0.9) (1.1) 3.3 28.5 Positif Trading Negatif 8,450 8,275 8,800 8,975 8,150 4,980 4.8 2.5 (8.2) 31.2 Positif Trading Negatif 4,575 4,320 5,125 5,425 4,255 4,970 0.4 (2.1) (3.5) (16.5) Positif Trading Positif 4,910 4,850 5,000 5,025 4,775 29,975 (1.1) (0.8) 1.3 35.3 Positif OverBought Positif 29,675 29,100 30,500 30,750 28,650 1,605 (1.2) (1.8) 1.9 (0.6) Positif Trading Positif 1,580 1,545 1,650 1,685 1,520 3,110 (2.5) (1.3) (4.9) 38.2 ^Negatif ^Trading ^Negatif 3,060 2,990 3,190 3,250 2,945 6,450 (0.8) - 4.0 2.0 ^Negatif ÔverBought ^Positif 6,375 6,325 6,500 6,575 6,225 960 (2.5) (5.4) (5.4) (14.7) Positif Trading Negatif 955 940 980 990 925 9,900 (0.5) (0.3) (5.0) 35.2 Positif Trading Negatif 9,850 9,750 10,000 10,050 9,600 2,840 (2.1) (7.2) (7.2) (3.7) Positif Trading Negatif 2,795 2,765 2,885 2,945 2,720 4,880 (2.9) - 45.7 18.7 Positif OverBought Positif 4,845 4,775 4,995 5,075 4,700 805 (2.4) (5.3) (9.0) (5.8) Positif Trading Negatif 805 790 825 830 780 9,825 (0.8) (6.4) (4.4) (18.8) Positif Trading Negatif 9,675 9,475 9,950 10,025 9,325 6,225 (3.9) (3.9) 2.9 (14.1) ^Positif ^Trading ^Positif 6,225 6,150 6,375 6,450 6,050 296 (2.6) (4.5) (10.3) (31.2) Positif Trading Negatif 280 268 308 324 264 7,975 (1.5) (3.9) 11.1 (8.3) Positif Trading Positif 7,825 7,675 8,175 8,375 7,550 2,460 2.5 2.5 (13.7) 9.3 Positif Trading Negatif 2,345 2,270 2,495 2,570 2,235 7,525 (2.3) (1.0) (1.0) (3.8) Positif Trading Positif 7,450 7,325 7,675 7,775 7,225 1,555 (1.3) 2.3 11.1 13.1 Negatif OverBought Positif 1,535 1,510 1,570 1,580 1,490 2,740 0.7 9.2 3.4 21.2 Negatif OverBought Positif 2,680 2,630 2,780 2,830 2,590 2,660 (1.8) (11.0) (9.8) (16.1) ^Positif Ôversold ^Negatif 2,625 2,585 2,705 2,745 2,545 3,950 (1.3) 6.5 5.3 45.8 Negatif OverBought Positif 3,905 3,860 3,985 4,020 3,800 30,400 0.2 0.2 (0.7) (0.7) Negatif Trading Negatif 30,175 29,975 30,525 30,675 29,525 7,625 7.4 12.5 (12.1) 62.9 Negatif Trading Negatif 6,825 6,375 7,750 8,225 6,275 1,020 0.5 (0.5) (5.1) (20.3) Positif Trading Negatif 995 970 1,035 1,050 955 1,380 (1.4) (2.8) (5.5) (19.8) Positif Oversold Negatif 1,375 1,360 1,400 1,410 1,340 3,740 (2.1) (3.1) 2.7 (3.9) Positif Trading Negatif 3,700 3,650 3,820 3,890 3,595 1,030 (1.0) 3.5 13.8 6.7 ^Negatif ÔverBought ^Positif 1,015 1,005 1,045 1,065 985 930 (0.5) (3.1) (7.0) 3.3 Positif Trading Negatif 915 900 945 960 885 900 (0.6) (2.7) (7.2) (10.9) Positif Oversold Negatif 895 880 920 930 865 31,450 (3.2) 8.8 15.9 54.2 Negatif OverBought Positif 31,175 30,675 32,250 32,825 30,200 1,665 (0.6) (0.9) 2.1 (3.8) Positif Trading Negatif 1,635 1,610 1,680 1,700 1,585 496 (1.8) (9.8) (3.7) 6.9 Positif Trading Negatif 493 484 510 515 477 6,525 (1.5) (2.2) (3.0) (13.3) Positif Trading Positif 6,450 6,375 6,600 6,675 6,275 1,050 2.9 (3.7) 10.5 27.7 ^Positif ^Trading ^Negatif 1,010 975 1,065 1,085 960 494 (1.2) (3.1) (7.7) (17.7) Positif Oversold Negatif 487 477 505 510 469 1,705 2.1 (0.3) (15.2) 17.2 Positif Oversold Negatif 1,650 1,610 1,730 1,770 1,585 900 (1.1) (2.7) (3.2) (18.6) Positif Oversold Negatif 900 890 915 920 875 560 (0.9) - (1.8) 20.2 Positif Trading Positif 550 545 565 575 535 875 (1.1) (2.2) (5.9) (11.6) Positif Oversold Negatif 865 860 880 890 845

No Last

Support Resistance

MA5 Ticker

Percentage %

Stop Loss MACD

Trend RSI Rec

(8)

See important disclaimer at the end of this report 1 www.sinarmassekuritas.co.id

JCI pada hari ini kami perkirakan akan bergerak MIXED MENGUAT dengan range 6,750 — 6,894. JCI breakout Resistance 6,804, berpeluang melanjutkan penguatan dengan mencoba next Resistance 6,853 dan 6,894. Namun, bila JCI tidak bertahan diatas Resistance 6,804, akan menguji Support 6,750 dan 6,698. Indikator MACD mulai membentuk pola Uptrend dan Stoc Osc mengindikasikan pola Oversold.

Support : 6,750, 6,698 Resistance : 6,853, 6,894

Jakarta Composite Index (JCI)

Stock

Recom. Recommendation Trading Strategy

PTBA

PTBA, breakdown Support 4,000, berpeluang menguji next Support 3,920 dan 3,860. Namun, bila PTBA, bertahan diatas Support 4,000 akan

mencoba Resistance 4,050 dan 4,150.

HOLD

ITMG

ITMG, sudah mengenai batas Stop Loss 31,800 (19/5), kami merekomendasikan Reduce terlebih dahulu. ITMG breakdown Support 31.800, berpeluang melanjutkan pelemahan dengn menguji next Support

31,250 dan 30,750 REDUCE

ASII

ASII, breakdown Resistance 7,050 berpeluang menguji Support 6,925 dan 6,850. Namun, bila ASII bertahan diatas Resistance 7,050, akan mencoba

next Resistance 7,175 dan 7,300.

BUY ON WEAKNESS

UNTR

UNTR, breakdown Resistance 30,075, berpeluang melanjutkan pelemahan dengan menguji Support 29,525 dan 29,350. Namun, bila UNTR bertahan

diatas Resistance 30,075, akan mencoba next Resistance 30,275 dan 30,400.

HOLD

Review and Update of “Weekly Recommendation” Strategy

JCI & Technical Corner

Source: Sinarmas Investment Research

(9)

Technical Corner for ‘Daily Recommendation’ Strategy

Trading Buy

Timah (Persero) Tbk (TINS)

Last price : 1,705 Target price : 1,775 (4,4%) Entry price : 1,700

Support : 1,675, 1,655 Resistance : 1,740, 1,765 Stop Loss : 1,650 (-2,9%) Trading Strategy:

TINS, bertahan pada Resistance 1,705, berpeluang melanjutkan penguatan dengan mencoba next Resistance 1,740 dan 1,765. Namun, bila TINS, breakdown Resistance 1,705, akan menguji Support 1,675 dan 1,655. Indikator Macd mulai membentuk pola Reversal dan Stoc osc mengindikasikan pola Oversold.

Support : 1,010, 995

Resistance : 1,080, 1,110 Stop Loss : 995 (-4,3%) Trading Strategy:

AKRA, breakout Resistance 1,040, berpeluang melanjutkan penguatan dengan mencoba next Resistance 1,080 dan 1,110. Namun, bila AKRA tidak bertahan diatas Resistance 1,040, akan menguji Support 1,010 dan 995. Indikator Macd mengindikasikan pola Downtrend dan Stoc osc mengindikasikan pola Reversal.

AKR Corporindo Tbk (AKRA)

Trading Buy

(10)

3

Technical Corner for ‘Daily Recommendation’ Strategy

Trading Buy

Astra Agro Lestari Tbk (AALI)

AALI, breakout Resistance 12,150, berpeluang melanjutkan penguatan dengan mencoba next Resistance 12,350 dan 12,525. Namun, bila AALI tidak bertahan diatas Resistance 12,150 akan menguji Support 11,950 dan 11,750. Indikator MACD mengindikasikan pola Downtrend dan Stoc osc mengindikaikan pola Reversal.

BBNI, breakout Resistance 8,650, berpeluang melanjutkan penguatan dengan mencoba next Resistance 8,850 dan 9,025. Namun, bila BBNI tidak bertahan diatas Resistance 8,650, akan menguji Support 8,500 dan 8,325. Indikator Macd mengindikasikan pola Downtrend dan Stoc osc mengindikasikan pola Reversal.

Bank Negara Indonesia (Persero) Tbk (BBNI)

Trading Buy

(11)

The team contribution to this report:

Ike Widiawati | Deputy Head of Research [email protected]

Aryana Paramita | Equity Analyst [email protected]

Banking, Media

Eddy Wijaya | Technical Analysist [email protected]

Axel Leonardo | Research Management Trainee [email protected]

Plantation, Coal Mining

Technical Analysis uses historic market prices in order to assess market conditions. The historic data is analysed by chart reading i.e.

by following chart patterns and interpreting indicators calculated from historic price movements. Technical Analysis may be inconsistent with and reach different conclusions to fundamental analysis. It may vary at any time due to the different tools used to assess market conditions and recommendations.

Technical analysis:

Buy Investors are expected to buy at predetermined entry points.

Buy on

weakness (BoW)

This strategy is derived from the basic concept of buy low, sell high, and may also be referred to as buy a retracement or buy at support.

Hold Before providing hold recommendations with technical analysis methods, we always precede it by providing

‘Buy’ or ‘Buy on Weakness (BoW)’ recommendations.

If the entry point in the ‘Buy’ or ‘Buy on Weakness (BoW)’ recommendation has been touched and the price still has upside potential, then we provide a Hold recommendation.

Reduce Expeced to decline, unless otherwise stated.

Take Profit If the stock price has reached the target or if it fails to stay above the support level

Be careful if the price fails to break through or turn around the support area or if the price closed below support level.

Pg.5 Weekly Recommendation Strategy, Expected to advance by at least ±7% in the coming 3-5weeks, unless otherwise state Pg.6-7 Daily Recommendation Strategy, Expected to advance by at least ±3% in the coming 1-5 days, unless otherwise state

Rating system for technical analysis:

(12)

5

Other disclosure:

Disclaimer & legal information:

GENERAL, RISK, FORECASTS REFERRED TO...

This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of Sinarmas Sekuritas, derived its judgment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. Important sources for the production of this document are e.g. Indonesia Stock Exhange & Central Bank of Indonesia, national and international media & information services (e.g. Bloomberg Finance L.P), publicly available databases, economic journals and newspapers (e.g. Bisnis Indonesia, Kontan, Investor Daily), publicly available company information and publications of rating agencies.

All information and data used for this document relate to past or present circumstances and may change at any time without prior notice. Statements contained in this document regarding financial instruments or issuers of financial instruments relate to the time of the production of this document. Such statements are based on a multitude of factors which are subject to continuous change. A statement contained in this document may, thus, become inaccurate without this being published. Potential risk regarding statements and expectations expressed in this document may result from issuer specific and general (e.g. political, economic, market, etc.) developments.

SUITABILITY

This document has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Before entering into any transaction, investors should consider the suitability of the transaction to individual circumstances and objectives. Any investment or trading or other decision should only be made by the client after a thorough reading of the relevant product term sheet, subscription agreement, information memorandum, prospectus or other offering document relating to the issue of the securities or other financial instruments. This document should not be read in isolation without reference to the full research report.

IMPORTANT LEGAL INFORMATION

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 notice.

To the fullest extent allowed by law, Sinarmas Sekuritas shall not be liable for any direct, indirect or consequential losses, loss of profits, damages, costs or expenses incurred of suffered by any person or organization arising from reliance on or use of any information containedon this report. The information that we provide should not be construed in any manner whatsoever as, personalized advice.

‘This document is intended for information purposes only’. For further information please contact our number +62 21 392 5550 or fax +62 21 392 2320.

PT Sinarmas Sekuritas

Sinarmas Land Plaza Tower 3, 6th Fl.

Jl. M.H. Thamrin no.51 Tel. +62 21 392 5550 Fax. +62 21 392 5540

[email protected]

Sinarmas’s research reports made are available on our own mobile apps "SimInvest", the research content is also distributed on e-mailed or our website official https://www.sinarmassekuritas.co.id/riset. If any data discrepancies in this report could be the result of different on the research methodology used by Sinarmas Research Team and/or adjustments etc. The Price Information, unless otherwise stated, the price information reflects the closing price of the previous trading day.