Today’s Market:
IHSG diperkirakan bergerak mixed dengan kecenderungan menguat. Bursa AS ditutup menguat perdagangan Senin (30/09) seiring dengan bantahan dari pemerintah AS terkait isu pertimbangan pembatasan investasi AS ke Chi- na. Harga batubara naik ke level USD 70.05 per Mt. Crude oil turun ke level USD 54.33 per barrel. Rupiah melemah terhadap Dollar AS di level Rp 14.195. 10Yr Government Bonds Yield stabil di level 7.31%.
Sehubungan dengan industri, Dana Pihak Ketiga (DPK) industri perbankan bulan Agustus 2019 tumbuh 7% YoY, melambat dibandingkan pertumbuhan Juli sebesar 8%
YoY.
Sehubungan dengan emiten, Aneka Tambang (ANTM) mencatatkan pendapatan 1H19 sebesar IDR14.4tn (+22%
YoY) dan laba bersih IDR365.7bn (+6.2% YoY). Pendapa- tan sejalan dengan estimasi, namun laba bersih berada di bawah ekspektasi kami.
Sehubungan dengan emiten, Krakatau Steel (KRAS) me- nandatangani perjanjian addendum dan pernyataan kem- bali restrukturisasi utang dengan enam lembaga keuangan dalam rangka relaksasi utang perseroan senilai USD 2,2 miliar.
Sehubungan dengan emiten, Surya Semesta Internusa (SSIA) mencatatkan hingga September 2019, penjualan lahan di Suryacipta City of Industry Karawang mencapai 16.5 ha, melampaui target 2019, yaitu 15 ha.
Secara teknikal indeks hari Selasa (01/10), IHSG dipred- iksi bergerak di kisaran 6115-6230.
Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner
www.sinarmassekuritas.co.id See important disclaimer at the end of this report Tuesday, October 1, 2019
ID X Statistics C lo sing
JCI 6,169.10
Transaction Value Regular M arket (IDR tn) 6.470 Transaction Volume Regular M arket (mn shares) 9,330 Foreign Net Buy (Sell) (IDR bn) (69)
Foreign Net Buy (Sell) 3.66
Total M arket Capitalization (IDR tn) 7,108.20
LQ45 968.15 (0.44) (1.48)
EIDO 24.47 0.25 (1.41)
IDX 21.70 (0.26) (0.26)
DOW JONES 26,916.83 0.36 15.39
S&P 500 2,976.74 0.50 18.74
NASDAQ 7,999.34 0.75 20.56
FTSE 7,408.21 (0.24) 10.11
NIKKEI 21,755.84 (0.56) 8.70
HANG SENG 26,092.27 0.53 0.95
STRAITS TIM ES 3,119.99 (0.18) 1.67
KLSE 1,583.91 (0.01) (6.31)
USD/IDR 14,195.00 0.00 (1.37)
EUR/IDR 15,467.58 (0.21) (6.40)
JPY/IDR 131.17 (0.11) 0.37
SGD/IDR 10,260.26 0.02 (2.90)
AUD/IDR 9,588.65 0.12 (6.10)
GBP/IDR 17,434.72 0.07 (5.15)
Crude Oil (USD/barrel) 54.33 7:53:28 AM 19.62
Coal (USD/mn tons) 70.05 9/30/2019 (31.36)
Natural Gas (USD/mmBtu) 2.32 7:52:34 AM (20.95)
Gold (USD/ounce) 1,470.28 8:03:41 AM 14.63
Nickel (USD/mn tons) 17,140.00 7:42:21 AM 60.34 Tins (USD/mn tons) 16,000.00 7:24:03 AM (17.84)
CPO (M YR/mn tons) 2,078.00 9/30/2019 3.69
Rubber (JPY/kg) 156.50 7:58:13 AM (9.07)
Wheat (USD/bushel) 496.75 7:48:38 AM (1.29)
Corn (USD/bushel) 387.75 7:53:19 AM 3.40
C o mmo dities
Other Indices C lo sing 1-D ay C hg (%) YT D
C hg (%)
C urrency Spo t R ate R ate (ID R ) 1-D ay C hg (%) YT D C hg (%)
P rice Last
T ransactio n
YT D C hg (%)
IHSG turun sebanyak 27.8 poin (0.45%) ke level 6169.1.
Sementara LQ45 turun sebanyak 4.3 poin (0.44%) ke level 968.15. Foreign net sell sebesar Rp 68.91 miliar.
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000
3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000
Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
Millions
Volume JCI Index
Daily Corporate and Industry News
Kementerian Keuangan menetapkan kupon obligasi ritel Indonesia (ORI) seri 016 sebesar 6,8%. Source: Bisnis In- donesia
PT Sriwijaya Air Group kini berhadapan dengan rekomendasi penghentian operasi sementara, pengunduran diri direksi, serta gugatan hukum. Source: Bisnis Indonesia
Kementerian Energi dan Sumber Daya Mineral (ESDM) memproyeksikan target penerimaan negara bukan pajak (PNBP) sektor pertambangan mineral dan batu bara tahun ini sebesar Rp 43,27 triliun sulit tercapai. Source: Inves- tor Daily
Kepala Badan Pengatur Jalan Tol (BPJT) menuturkan bahwa dalam waktu dekat akan dilakukan Memorandum of Un- derstanding (MoU) antara BPJT dengan banyak pihak tentang komitmen untuk 1 Januari 2020 mulai bebas ODOL di jalan tol. Source: Bisnis Indonesia
Dana Pihak Ketiga (DPK) industri perbankan bulan Agustus 2019 tumbuh 7% YoY, melambat dibandingkan pertum- buhan Juli sebesar 8% YoY. Source: Kontan
Ekspor mobil dalam bentuk utuh (completely built up/CBU) dan terurai (completely knocked down/CKD) melonjak 208,22% menjadi 663.868 unit per Agustus 2019, dibandingkan periode sama tahun lalu sebanyak 215.386 unit.
Kenaikan tajam terutama terjadi pada ekspor mobil CKD. Source: Investor Daily
Krakatau Steel (KRAS) menandatangani perjanjian addendum dan pernyataan kembali restrukturisasi utang dengan enam lembaga keuangan. Aksi ini secara resmi menandakan babak baru dari relaksasi utang perseroan senilai US$
2,2 miliar. Source: Investor Daily
Aneka Tambang (ANTM) mencatatkan pendapatan 1H19 sebesar IDR14.4tn (+22% YoY) dan laba bersih IDR365.7bn (+6.2% YoY). Source: Bisnis Indonesia
Astra International (ASII) mengumumkan akan membagikan dividen interim tahun buku 2019 senilai Rp57 per sa- ham. Sementara United Tractors (UNTR) akan membagikan dividen interim sebesar Rp 408 per saham. Source:
Bisnis Indonesia, Kontan
Jasa Marga (JSMR) menyambut baik pelarangan kendaraan kelebihan muatan dan dimensi atau over dimension over load (ODOL) melewati jalan tol mulai 2020 oleh Kementerian Perhubungan. Source: IQPlus
Krakatau Steel (KRAS) bersama anak perusahaannya melakukan Perjanjian Addendum dan Pernyataan Kembali un- tuk Tujuan Restrukturisasi antara PT Krakatau Steel (Persero) Tbk dan Anak Perusahaan dengan PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank ICBC In- donesia, Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank), PT Bank Central Asia Tbk. di Gedung Kraka- tau Steel Jakarta. Source: IQPlus
Surya Semesta Internusa (SSIA) mencatatkan hingga September 2019, penjualan lahan di Suryacipta City of Indus- try Karawang mencapai 16.5 ha, melampaui target sales 2019 yang ditetapkan, yaitu 15 ha. Source: Bisnis Indone- sia
Barito Pacific (BRPT) melalui anak usahanya, Star Energy Group Holdings Pte Ltd, membuka peluang untuk mengakuisisi aset panas bumi atau geotermal tahun depan. Hal ini sejalan dengan kinerja Star Energy yang menopang stabilitas laba sebelum pajak (EBITDA) perseroan. Source: Investor Daily
Erajaya Swasembada (ERAA) berinvestasi di Datapro Technologies Pte. Ltd., perusahaan rintisan asal Singapura yang menyediakan perangkat akses internet untuk wisatawan. Source: Bisnis Indonesia
World Equity Indices
Source: Bloomberg, Sinarmas Investment Research www.sinarmassekuritas.co.id See important disclaimer at the end of this report
WO R LD E Q UIT Y IN D IC E S N O T IC KE R
1 INDU Index 27,398.68 21,712.53 3,589.37 15.39 17.95 17.79 4.04 3.91 7,494.53 7,494.53
2 SP X Index 3,027.98 2,346.58 469.89 18.74 19.58 18.14 3.40 3.25 25,724.07 25,724.07
3 CCM P Index 8,339.64 6,190.17 1,364.06 20.56 31.38 24.28 3.69 4.37 12,442.19 12,442.19
4 SP TSX Index 16,947.23 13,776.88 2,335.77 16.31 16.97 15.41 1.81 1.75 2,558.13 1,931.98
5 M EXB OL Index 50,041.60 38,265.51 1,371.00 3.29 16.66 14.55 2.08 1.84 5,364.61 271.85
6 SX5E Index 3,578.04 2,908.70 568.03 18.93 18.17 14.79 1.73 1.66 3,164.35 3,450.09
7 UKX Index 7,727.49 6,536.53 680.08 10.11 17.97 13.15 1.76 1.71 1,983.83 2,438.12
8 CA C Index 5,696.25 4,555.99 947.10 20.02 19.47 15.09 1.67 1.60 1,739.24 1,896.29
9 DA X Index 12,656.05 10,279.20 1,869.12 17.70 20.21 14.57 1.63 1.55 1,155.59 1,259.94
10 IB EX Index 9,587.60 8,286.20 704.70 8.25 13.24 12.27 1.32 1.26 576.94 629.04
11 FTSEM IB Index 22,357.39 17,914.03 3,783.67 20.65 13.32 11.21 1.16 1.10 502.62 548.01
12 A EX Index 586.32 472.19 92.35 18.93 17.35 16.69 1.93 1.90 689.96 752.26
13 SM I Index 10,140.93 8,138.56 1,649.02 19.56 22.13 16.94 2.76 2.44 1,216.80 1,219.36
14 A S51 Index 6,875.50 5,410.20 1,053.20 18.65 19.52 17.20 2.16 2.09 1,994.48 1,345.88
15 A S30 Index 6,958.70 5,478.40 1,103.00 19.32 19.83 17.01 2.10 2.06 2,179.65 1,470.83
16 SHSZ300 Index 4,126.09 2,935.83 803.87 26.70 13.83 12.43 1.77 1.64 30,414.93 4,254.79
17 SHA SHR Index 3,444.44 2,555.84 431.97 16.54 14.11 11.44 1.46 1.33 32,246.59 4,511.02
18 SZA SHR Index 1,881.65 1,267.27 342.78 25.86 34.58 18.47 2.39 2.43 21,566.20 3,016.93
19 HSI Index 30,280.12 24,540.63 246.57 0.95 10.16 10.45 1.15 1.13 16,908.59 2,156.96
20 HSCEI Index 11,881.68 9,731.89 76.22 0.75 8.14 8.16 1.07 1.04 11,903.62 1,518.49
21 SENSEX Index 40,312.07 33,291.58 2,599.00 7.21 26.77 20.77 2.91 2.73 69,057.11 977.20
22 NIFTY Index 12,103.05 10,004.55 611.90 5.63 24.61 19.92 2.86 2.67 85,157.22 1,205.02
23 JCI Index 6,636.33 5,623.84 (25.40) (0.41) 19.50 15.70 2.11 2.21 7,108,196.62 501.39
24 LQ45 Index 1,059.65 871.05 (14.59) (1.48) 16.00 15.18 2.40 2.28 4,571,627.21 322.47
25 KSE100 Index 42,243.83 28,670.98 (4,987.82) (13.46) 7.84 5.79 1.03 0.90 5,466.09 34.99
26 NKY Index 24,448.07 18,948.58 1,839.89 9.19 15.51 15.89 1.66 1.57 357,730.29 3,307.72
27 NEY Index 366.42 284.63 24.46 8.12 13.38 11.80 1.08 1.02 422,916.79 3,910.46
28 TP X Index 1,838.30 1,408.89 106.61 7.14 14.03 13.11 1.16 1.13 604,545.29 5,589.88
29 FB M KLCI Index 1,799.80 1,572.03 (106.67) (6.31) 19.18 16.55 1.60 1.45 1,016.78 242.73
30 NZSE Index 1,892.54 1,488.82 301.46 19.69 27.03 24.87 2.22 1.63 152.27 95.32
31 P COM P Index 8,419.59 6,790.58 313.05 4.19 17.47 16.79 2.01 1.91 9,755.39 188.27
32 FSSTI Index 3,415.18 2,955.68 51.23 1.67 11.60 12.57 1.05 1.06 541.34 391.45
33 KOSP I Index 2,352.11 1,891.81 29.90 1.46 13.49 13.42 0.82 0.88 1,330,367.85 1,109.49
34 TWSE Index 11,097.00 9,319.28 1,176.85 12.10 17.29 16.54 1.67 1.73 32,463.62 1,045.53
35 SET Index 1,765.06 1,546.62 73.34 4.69 18.64 16.54 1.81 1.81 16,858.98 551.09
36 SET50 Index 1,164.92 1,031.45 45.39 4.34 18.04 16.80 2.06 1.93 11,672.05 381.54
37 VNINDEX Index 1,024.68 861.85 104.02 11.65 17.00 16.77 2.44 2.68 3,371,449.60 145.31
A s ia / P a c if ic A m e ric a
5 2 - WE E K C H A N G E Y T D P E R ( x) P B V ( x) M A R KE T C A P ( B n)
E uro pe
H IG H LO W P O IN T % T ra iling
12 M 2 0 19 E T ra iling
12 M 2 0 19 E D o m a in
C urre nc y US D
LQ45
Source: Bloomberg, Sinarmas Investment Research LQ45 Index
HIGH LOW POINT % Trailing
12M 2019E Trailing
12M 2019E
1 ADRO IJ 1,290 1,900 1,010 75 6.17 5.60 7.00 0.77 0.75 41,261,891
2 AKRA IJ 3,800 5,875 3,290 (490) (11.42) 21.01 15.56 1.84 1.75 15,255,841
3 ANTM IJ 975 1,175 595 210 27.45 29.28 16.91 1.18 1.13 23,429,996
4 ASII IJ 6,600 8,775 6,250 (1,625) (19.76) 12.66 12.17 1.92 1.77 267,191,451 5 BBCA IJ 30,350 31,450 22,175 4,350 16.73 27.41 25.73 4.69 4.33 740,796,758 6 BBNI IJ 7,350 10,250 6,675 (1,450) (16.48) 9.01 8.57 1.20 1.15 137,067,625
7 BBRI IJ 4,120 4,730 2,870 460 12.57 14.98 14.21 2.67 2.50 508,184,737
8 BBTN IJ 1,960 2,860 1,950 (580) (22.83) 7.72 7.64 0.84 0.82 20,756,400 9 BMRI IJ 6,975 8,175 6,175 (400) (5.42) 12.34 11.74 1.75 1.65 325,500,000
10 BRPT IJ 990 1,105 316 512 107.11 118.10 69.80 5.24 2.25 88,120,185
11 BSDE IJ 1,390 1,580 930 135 10.76 8.88 11.22 0.93 0.91 26,752,908
12 BTPS IJ 3,300 3,660 1,595 1,505 83.84 25.38 20.39 6.36 4.96 25,422,210 13 CPIN IJ 5,350 8,825 4,190 (1,875) (25.95) 22.81 24.70 4.58 4.15 87,729,300
14 CTRA IJ 1,055 1,335 760 45 4.46 15.03 18.54 1.35 1.29 19,581,120
15 ERAA IJ 1,825 2,590 965 (375) (17.05) 11.35 12.72 1.25 1.12 5,821,750
16 EXCL IJ 3,440 3,660 1,875 1,460 73.74 - 66.10 1.97 1.92 36,766,584
17 GGRM IJ 52,375 100,975 50,400 (31,250) (37.37) 11.83 10.75 2.27 2.05 100,774,109 18 HMSP IJ 2,290 4,080 2,190 (1,420) (38.27) 18.80 18.11 9.35 7.23 266,368,396 19 ICBP IJ 12,025 12,125 8,300 1,575 15.07 28.84 27.85 6.15 5.88 140,234,444
20 INCO IJ 3,510 4,320 2,410 250 7.67 468.68 49.49 1.32 1.50 34,876,549
21 INDF IJ 7,700 8,050 5,500 250 3.36 14.21 14.59 1.93 1.86 67,609,284
22 INDY IJ 1,315 2,980 1,155 (270) (17.03) 29.86 6.62 0.53 0.52 6,851,402
23 INKP IJ 6,475 17,575 5,325 (5,075) (43.94) 6.33 - 0.64 - 35,424,615
24 INTP IJ 18,725 22,875 15,475 275 1.49 48.17 42.49 3.16 2.92 68,931,064 25 ITMG IJ 12,400 27,100 11,700 (7,850) (38.77) 4.18 6.38 1.08 1.10 14,011,070 26 JPFA IJ 1,580 3,100 1,280 (570) (26.51) 9.77 11.17 1.90 1.74 18,527,989 27 JSMR IJ 5,700 6,450 3,800 1,420 33.18 18.66 19.70 2.34 2.20 41,369,866
28 KLBF IJ 1,675 1,690 1,240 155 10.20 31.42 30.07 5.35 4.89 78,515,830
29 LPPF IJ 3,430 7,350 2,940 (2,170) (38.75) 10.68 5.97 5.32 3.99 9,620,750
30 MEDC IJ 690 1,095 615 5 0.73 - 9.73 0.69 0.62 12,312,395
31 MNCN IJ 1,235 1,495 675 545 78.99 7.49 8.43 1.45 1.45 17,630,988
32 PGAS IJ 2,100 2,720 1,775 (20) (0.94) 16.84 6.44 1.42 1.29 50,907,167
33 PTBA IJ 2,260 5,025 2,260 (2,040) (47.44) 5.48 5.75 1.56 1.40 26,036,690
34 PTPP IJ 1,705 2,550 1,330 (100) (5.54) 7.64 6.52 0.83 0.72 10,570,825
35 PWON IJ 665 815 432 45 7.26 11.53 12.24 2.35 2.10 32,026,136
36 SCMA IJ 1,160 2,030 1,135 (710) (37.97) 11.93 11.11 3.41 3.16 17,131,785
37 SMGR IJ 11,550 14,450 8,550 50 0.43 26.44 33.57 2.26 2.15 68,509,056
38 SRIL IJ 318 378 312 (40) (11.17) 4.96 4.48 0.80 - 6,503,792
39 TKIM IJ 10,550 14,450 5,575 (550) (4.95) 11.42 - 1.74 - 32,844,509
40 TLKM IJ 4,310 4,500 3,412 612 16.56 20.92 19.87 4.54 3.97 426,958,154
41 TPIA IJ 8,200 9,350 4,300 2,275 38.40 103.16 96.35 5.82 5.78 146,234,866 42 UNTR IJ 20,575 35,525 19,650 (6,775) (24.77) 6.84 6.92 1.40 1.28 76,747,530 43 UNVR IJ 46,500 50,525 38,900 1,100 2.42 38.25 47.84 69.91 52.82 354,795,000
44 WIKA IJ 1,925 2,500 1,095 270 16.31 8.20 8.60 1.12 1.04 17,267,156
45 WSKT IJ 1,650 2,230 1,415 (30) (1.79) 11.37 6.66 1.24 1.09 22,397,019
MARKET CAP LQ45 Index (Mn)
CHANGE YTD PER (x) PBV (x)
30-Sep-19
52-WEEK
Macro data
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
D escriptio n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%)
Property (0.10) 1.05 (0.40) 11.11
Basic Industry (0.09) (1.58) (3.62) (0.30)
Trade 0.52 0.55 0.24 2.12
Finance (0.88) (0.92) (1.51) 5.88
M iscellaneous Industry (0.41) (0.42) (1.51) (16.05)
Consumer (0.45) (0.51) (8.08) (14.16)
Infrastructure (0.44) 0.33 (0.40) 15.17
Agriculture 1.61 0.54 1.24 (11.95)
M ining (1.15) (3.74) (1.12) (10.28)
Sep-19 A ug-19
2.48 3.61
3.49 3.32
0.12 0.31
126.40 125.90
F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%)
USD/IDR 14,195.00 - (0.01) 1.37
USD/CNY 7.15 (0.36) 0.33 (3.77)
USD/EUR 0.92 0.02 0.68 5.23
USD/JPY 108.17 (0.08) (1.78) 1.41
USD/SGD 1.38 (0.05) 0.59 (1.42)
USD/AUD 1.48 (0.02) (0.56) 4.36
USD/GBP 0.81 0.09 (1.76) 3.87
(in %) 6.15 0.89 1.46 6.71 7.29 7.72 Inflation M oM (in %)
Foreign Reserves (in USD bn) 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)
Technical Corner
www.sinarmassekuritas.co.id See important disclaimer at the end of this report JCI : MIXED MENGUAT
Last price : 6.169 Support : 6.145, 6.115 Resistance : 6.190, 6.230
JCI pada hari ini kami perkirakan akan bergerak MIXED MENGUAT dengan range 6.115 - 6.230. JCI belum berhasil bertahan diatas Resistance 6.190 dan berpeluang menguji Support 6.145 dan 6.115. Namun, jika JCI breakout 6.190 akan mencoba Resistance 6.230 dan 6.245. Indikator Indikator Stoc osc mengindikasikan pola Uptrend dan MACD mengindikasikan pola Downtrend.
Jakarta Composite Index (JCI)
Summary of portfolio:
Stock Recommendation Comment
TLKM HOLD
Entry point 4.280 (30/9) sudah tercapai , TLKM belum berhasil bertahan diatas Resistance 4.320 dan berpeluang menguji Support 4.280 dan 4.240.ACES HOLD
ACES berhasil bertahan pada Support 1.770 dan berpeluang melanjutkan penguatan dengan mencoba Resistance 1.795 dan 1.820.CPIN TAKE PROFIT
CPIN sudah mencapai Target price 5.350 (30/9), kami merekomendasikan TAKE PROFIT CPIN.ICBP BUY ON WEAKNESS
ICBP mencoba break Resistance 12.050, jika berhasil breakout 12.050 berpeluang melanjutkan penguatan dengan mencoba Resistance 12.125 danTelekomunikasi Indonesia Tbk ( TLKM )
Ace Hardware Indonesia Tbk (ACES)
www.sinarmassekuritas.co.id See important disclaimer at the end of this report TLKM : HOLD
Last price : 4.310
Target price : 4.450 (4.0%) Stop loss : 4.190 (-2.1%)
Entry point 4.280 (30/9) sudah tercapai , TLKM belum berhasil bertahan diatas Resistance 4.320 dan berpeluang menguji Support 4.280 dan 4.240. Namun, jika TLKM berhasil breakout Resistance 4.320 berpeluang mencoba Resistance 4.370 dan 4.390. Indikator MACD dan Stoc osc mengindikasikan pola Uptrend.
ACES : HOLD
Last price : 1.770
Target price : 1.820 (5.2%) Stop loss : 1.705 (-1.4%)
ACES berhasil bertahan pada Support 1.770 dan berpeluang melanjutkan penguatan dengan mencoba Resistance 1.795 dan 1.820. Namun, jika ACES gagal bertahan diatas Support 1.770 akan menguji Support 1.755 dan 1.745. Indikator MACD dan Stoc osc masih mengindikasikan pola Uptrend. Pola Candle chart menbentuk pola Long legged doji.
Support : 4.280, 4.240 Resistance : 4.370, 4.390
Support : 1.755, 1.745 Resistance : 1.795, 1.820
CPIN : TAKE PROFIT Last price : 5.200
Target price : 5.350 (4.4%)
CPIN sudah mencapai Target price 5.350 (30/9), kami merekomendasikan TAKE PROFIT CPIN. Jika berhasil breakout Resistance 5.350, masih berpeluang melanjutkan penguatan dengan mencoba Resistance 5.450 dan 5.650. CPIN dilihat dari indikator MACD mengindikasikan pola Sideways dan Stoc osc mengindikasikan pola Uptrend.
ICBP : BUY ON WEAKNESS Last price : 12.025
Target price : 12.500 (4.4%) Entry point : 11.975
Stop loss : 11.725 (-2.1%)
ICBP mencoba break Resistance 12.050, jika berhasil breakout 12.050 berpeluang melanjutkan penguatan dengan mencoba Resistance 12.125 dan 12.300. Namun, jika ICBP gagal breakout Resistance 12.050 akan menguji Support 11.975 dan 11.875. ICBP dilihat dari indikator Stochastic mengindikasikan pola Uptrend.
Support : 5.075, 4.980 Resistance : 5.250, 5.350
Support : 11.975, 11.800 Resistance : 12.125, 12.300
Indofood CBP Sukses Makmur Tbk (ICBP)
Charoen Pokphand Indonesia Tbk (CPIN)
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] www.sinarmassekuritas.co.id
Equity Research Team HEAD OF RESEARCH Evan Lie Hadiwidjaja Banking, Automotive Tel: +62 21 3925550 Ext: 615
DEPUTY HEAD OF RESEARCH Wilbert
Consumer Goods, Plantation, Pulp and Paper Tel: +62 21 3925550 Ext: 611
EQUITY ANALYST Richard Suherman Commodities
Tel: +62 21 3925550 Ext: 610
EQUITY ANALYST Richardson Raymond Property, Industrial Estate Tel: +62 21 3925550 Ext: 159
EQUITY ANALYST Paulina
Retail, Cement, Digital Tel: +62 21 3925550 Ext: 610 [email protected]
EQUITY ANALYST Anthony Angkawijaya
Construction, Infrastructure, Petrochemical Tel: +62 21 3925550 Ext: 611
TECHNICAL ANALYST Eddy Wijaya
Tel: +62 21 3925550 Ext: 159 [email protected]
DISCLAIMER
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judg- ment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Seku- ritas 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. For further information please contact our number +62 21 392 5550 or fax +62 21 392 2320.
