See important disclaimer at the end of this report

(1)

ID X St at ist ics C lo sing

JCI 5,882.22

Transaction Value Regular M arket (IDR tn) 4.638 Transaction Volume Regular M arket (mn shares) 6,883

Foreign Net Buy (Sell) (IDR bn) 587

• I HSG diperkirakan bergerak m ix ed dengan kecenderunagn

m elem ah. Bursa AS dit ut up m elem ah pada perdagangan

• Dari global, t arif sebesar 10% at as barang im por Tiongkok

senilai US$200 m iliar berlaku pada Senin ( 24/ 9) . Berla-nilai t ukar dolar Am erika Serikat t erhadap Rupiah.

(2)

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

Tarif sebesar 10% at as barang im por Tiongkok senilai US$200 m iliar berlaku pada Senin ( 24/ 9) . Pem erint ah Tiong-kok m engecam nya dan m enuduh Am erika Serikat ( AS) m elakukan int im idasi ekonom i. Berlakunya t arif t am bahan ini m enandai fase dua perang t arif kedua negara, yang m ana Tiongkok j uga m em berlakukan t arif t am bahan senilai US$ 60 m iliar at as barang im por asal AS. Source: I nvest or Daily

Pem erint ah m ulai m elunak dan siap m elonggarkan kebij akan penundaan proyek kelist rikan dengan kapasit as 15.200 m egawat t ( MW) . Kem ent erian Energi dan Sum ber Daya Mineral berencana m erevisi proyek list rik yang dit unda dari sem ula berkapasit as 15.200 MW m enj adi hanya 4.640 MW.

Ment eri Keuangan Sri Mulyani I ndrawat i m enyat akan bahwa penurunan current account deficit ( CAD) dari posisi US$8 m iliar at au set ara 3% PDB di k uart al I I t ahun ini agar m enj adi lebih kecil lagi, belum akan t erlihat di Kuart al I I I t et api baru akan t erlihat di kuart al I V. Source: Bisnis I ndonesia

Direkt orat Tindak Pidana Ekonom i dan Khusus ( Tipideksus) Bareskrim m enghent ikan prakt ik kot or yang dilakukan PT Sunprim a Nusant ara Pem biayaan ( SNP) Finance, 5 pet inggi SNP Finance dibek uk Bareskrim . Source: I nv est or Daily

Direkt orat Jenderal ( Dit j en) Bea dan Cukai Kem ent erian Keuangan ( Kem keu) m engant ongi penerim aan negara yang berasal dari pengenaan cukai unt uk cairan rokok elekt rik at au likuid vape sebesar Rp 30 m iliar. At uran cukai baru ini, berlaku sej ak awal Juli 2018 dengan t arif sebesar 57% dari Harga Jual Eceran ( HJE) . Source: Kont an

Kem ent rian Keuangan ( Kem enkeu) t engah m engkaj i penurunan paj ak at as bunga obligasi dan inst rum en invest asi lain di I ndonesia. I ni dilakukan unt uk m eningkat kan pendalam an pasar keuangan sebagai salah sat u upaya guna m enj aga perekonom ian negara. Source: I nvest or Daily

Kem ent rian Keuangan ( Kem enkeu) m encairkan dana cadangan sebesar Rp 4,9 t riliun sebagai t alangan unt uk m enam bal defisit BPJS Kesehat an pada Senin ( 24/ 9) . Source: I nvest or Daily

Kem ent rian Energi dan Sum ber Daya Mineral ( ESDM) m erevisi j um lah pem bangkit list rik proyek 35 ribu m egawat t ( MW) yang t erkena penundaan dari 15.200 MW m enj adi hanya 4.200 MW. Kem ent rian ESDM berargum en Proyek 35 ribu MW t idak berdam pak besar t erhadap pelem ahan nilai Tukar Rupiah. Source: I nvest or Daily

Pem erint ah m enegaskan bahwa dist ribusi biodiesel 20% ( B20) harus m enj angkau seluruh wilayah I ndonesia pada akhir bulan ini. Art inya, produsen bahan bakar nabat i ( BBN) harus m em ast ikan kesediaan pasokan unsur nabat i ( fat t y acid m et hylet er/ FAME) di seluruh t erm inal bahan bakar m inyak ( BBM) . Source: I nvest or Daily

Presiden Jokowi m engaj ak Kadin I ndonesia ikut m em bangun public t rust dan m arket confidence unt uk m engem -balikan ekonom i I ndonesia ke j alur pert um buhan. Langkah pent ing yang harus segera dilakukan adalah konsolidasi dan koordinasi ot orit as m onet er, fiskal, dan dunia usaha. Sour ce: I nvest or Daily

Bum i Mineral Resources ( BRMS) opt im ist is m elanj ut kan pengem bangan proyek seng dan t im bal di Dairi, Sum at era Ut ara, yang dikelola PT Dairi Prim a Mineral ( DPM) . Kini, perseroan berm it ra dengan NFC ( Tiongkok) set elah m enun-t askan penj ualan 51% saham DPM senilai US$ 198 j uenun-t a. Source: I nvesenun-t or Daily

Chandra Asri Pet rochem ical ( TPI A) diproyeksikan lanj ut kan pert um buhan kinerj a keuangan ke depan. Peningkat an t ersebut didukung sej um lah fakt or t ren pert um buhan perm int aan produk - produk perseroan di dalam negeri dan ekspekt asi st abilnya harga m inyak. Source: I nvest or Daily

Aneka Tam bang ( ANTM) m enikm at i pencairan dana at as divest asi PT Dairi Prim a Mineral ( DPM) dan m endapat kan dana segar sebesar USD 57.24 j ut a. Source: Kont an

(3)

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

Adhi Karya ( ADHI ) m enj alankan sinergi bisnis ant ara PT Adhi Persada Propert i dan PT Adhi Com m ut er Propert i. Dua anak usaha t ersebut akan m em bangun proyek hunian bert ingkat senilai Rp 1,2 t riliun dalam skem a kerj asam a op-erasi ( KSO) dengan m em bangun apart em en bert aj uk LRT Cit y Green Avenue di Bekasi Tim ur, Jawa Barat . Source: Kont an

I ndofood Sukses Makm ur ( I NDF) akan m engerek har ga t epung t erigu karena sej ak Mei 2018 harga t epung t elah naik 10% sebagai dam pak kenaikan harga gandum di pasar global dan penguat an nilai t ukar dolar Am erika Serikat t erha-dap rupiah. Source: Bisnis I ndonesia

Sem en Bat uraj a ( SMBR) m engem bangkan penghiliran produk sem en guna m enangkap peluang - peluang di proyek infrast rukt ur. Rahm ad Pribadi, Direkt ur Ut am a Sem en Bat uraj a, m enut urkan perseroan akan m engem bangkan bisnis ke arah indust ri hilir, sepert i pem buat an m ort ar, precast , bat a ringan, dan fiber cem ent board. Source: Bisnis I ndo-nesia

XL Axiat a ( EXCL) t erus m eningkat kan kualit as layanan dat a di seluruh wilayah layanannya seiring dengan bert am -bahnya j um lah pengguna sm art phone dan akt ivit as digit al pelanggan. Salah sat u wilayah yang m enj adi fokus pen-ingkat an kualit as layanan adalah Jawa Tim ur ( Jat im ) , ant ara lain dengan m enam bah j um lah BTS 4G LTE di sej um lah kot a dan kabupat en. Source: I nvest or Daily

(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 26,769.16 22,219.11 1,842.83 7.46 20.72 17.00 3.88 3.97 7,391.90 7,391.90

2 S P X Index 2,940.91 2,488.03 245.76 9.19 22.51 18.07 3.30 3.32 25,584.25 25,584.25

3 C C M P Index 8,133.30 6,343.96 1,089.86 15.79 40.69 23.86 3.80 3.76 12,497.95 12,497.95

4 S P T S X Index 16,586.46 14,785.78 (1.81) (0.01) 19.81 15.67 1.91 1.89 2,492.61 1,925.39

5 M E X B O L Index 51,121.23 44,429.36 62.80 0.13 19.72 17.23 2.65 2.64 5,934.36 314.30

6 S X 5E Index 3,708.82 3,261.86 (93.52) (2.67) 18.41 14.11 1.67 1.75 2,932.93 3,450.60

7 UK X Index 7,903.50 6,866.94 (229.36) (2.98) 23.26 13.42 1.97 1.95 2,081.06 2,731.19

8 C A C Index 5,657.44 5,038.12 163.61 3.08 18.43 14.67 1.67 1.67 1,618.07 1,903.65

9 D A X Index 13,596.89 11,726.62 (566.82) (4.39) 19.19 13.41 1.86 1.90 1,143.40 1,345.21

10 IB E X Index 10,643.40 9,111.10 (531.10) (5.29) 15.07 12.46 1.47 1.46 594.62 699.57

11 F T S E M IB Index 24,544.26 20,236.27 (513.47) (2.35) 559.35 11.69 1.18 1.22 504.19 593.17

12 A E X Index 576.90 515.96 3.85 0.71 18.84 14.86 1.91 1.85 672.37 791.05

13 S M I Index 9,616.38 8,372.90 (435.65) (4.64) 24.52 15.74 2.59 2.55 1,082.36 1,124.88

14 A S 51 Index 6,373.50 5,649.10 121.75 2.01 17.95 15.92 2.08 2.03 1,847.78 1,341.12

15 A S 30 Index 6,481.30 5,709.70 132.20 2.14 18.90 15.97 2.00 1.94 2,005.11 1,455.31

16 S H S Z 300 Index 4,403.34 3,191.40 (620.37) (15.39) 16.47 11.67 2.05 2.05 27,090.17 3,939.24

17 S H A S H R Index 3,757.20 2,769.10 (533.74) (15.41) 16.86 11.11 1.80 1.71 29,923.52 4,351.25

18 S Z A S H R Index 2,140.56 1,438.39 (475.56) (23.94) 29.07 16.56 3.12 3.02 18,493.72 2,689.21

19 H S I Index 33,484.08 26,219.56 (2,419.76) (8.09) 13.71 11.23 1.39 1.38 17,905.81 2,292.59

20 H S C E I Index 13,962.53 10,196.71 (881.78) (7.53) 9.18 8.11 1.05 1.08 11,418.39 1,461.96

21 S E N S E X Index 38,989.65 31,081.83 2,248.19 6.60 24.56 19.46 3.12 2.94 66,072.58 906.97

22 N IF T Y Index 11,760.20 9,687.55 436.70 4.15 23.85 18.96 3.12 2.93 80,812.51 1,109.30

23 J C I Index 6,693.47 5,557.56 (473.43) (7.45) 24.37 15.35 2.58 2.51 6,653,707.78 446.47

24 LQ 45 Index 1,132.92 871.91 (151.39) (14.03) 21.16 15.96 3.39 3.31 4,227,852.03 283.69

25 K S E 100 Index 47,144.12 37,736.73 533.07 1.32 8.99 8.52 1.46 1.39 7,213.42 58.52

26 N K Y Index 24,129.34 20,213.66 1,104.99 4.85 19.37 16.78 1.89 1.96 405,931.39 3,603.15

27 N E Y Index 376.09 323.31 1.90 0.53 16.06 13.99 1.38 1.44 457,194.53 4,058.18

28 T P X Index 1,911.31 1,645.16 (13.54) (0.74) 16.34 13.90 1.41 1.47 678,582.72 6,023.28

29 F B M K LC I Index 1,896.03 1,657.78 3.36 0.19 16.69 17.40 1.67 1.66 1,122.32 271.51

30 N Z S E Index 1,652.90 1,410.75 125.62 8.32 19.27 21.84 2.03 2.03 134.48 89.40

31 P C O M P Index 9,078.37 6,923.67 (1,124.81) (13.14) 22.98 17.25 2.51 2.40 9,346.42 172.19

32 F S S T I Index 3,641.65 3,102.73 (183.76) (5.40) 11.07 13.06 1.22 1.22 556.53 407.62

33 K O S P I Index 2,607.10 2,218.09 (128.32) (5.20) 12.69 9.33 1.05 1.07 1,512,881.41 1,350.81

34 T WS E Index 11,270.18 10,189.04 329.55 3.10 15.55 14.11 1.75 1.75 32,562.84 1,060.92

35 S E T Index 1,852.51 1,584.68 (4.29) (0.24) 18.90 16.26 2.08 2.12 17,641.33 544.35

36 S E T 50 Index 1,223.67 1,043.32 19.46 1.71 17.52 16.00 2.26 2.29 12,135.53 374.46

37 V N IN D E X Index 1,211.34 795.05 27.05 2.75 19.00 17.32 2.81 2.85 3,233,314.05 138.59

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2 9 M Y R X I J 1 3 0 1 9 8 1 0 1 2 0 1 8 . 1 8 - - - - 1 1 , 2 7 1 . 4 2

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4 5 W S K T I J 1 , 7 3 0 3 , 1 5 0 1 , 6 8 0 (4 8 0 ) (2 1 . 7 2 ) 7 . 3 8 5 . 4 3 2 . 1 4 1 . 3 5 2 3 , 4 8 2 . 8 5

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 (0.12) (1.38) (6.32) (15.14)

B asic Industry (1.17) 4.13 (1.95) 17.86

Trade (1.06) 0.51 (3.43) (10.91)

Finance (1.16) 1.13 (2.46) (6.80)

M iscellaneo us Industry (1.48) 2.31 (2.86) (11.62)

Co nsumer (1.59) 0.40 2.03 (14.32)

Infrastructure (1.53) 0.24 2.20 (14.54)

A griculture (1.15) (2.37) (4.05) (3.02)

M ining (1.56) 1.56 (3.04) 20.67

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 14,866.00 - (1.46) (8.82)

USD/CNY 6.86 (0.15) (0.14) (5.11)

USD/EUR 0.85 (0.04) (0.63) 2.15

USD/JP Y 112.91 (0.10) (1.62) (0.19)

USD/SGD 1.37 0.02 (0.23) (2.15)

USD/A UD 1.38 (0.07) 1.25 7.58

USD/GB P 0.76 0.04 (1.69) 3.01

( in %)

7.38

1.06

1.46

8.16

8.20

8.44 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

CTRA : BUY ON W EAKN ESS

CTRAbelum ber hasil break Resist ance Tr endline 795, CTRAber peluang m enguj i Support 740, 730 dan 690, Nam un, j ika CTRA

ber hasil break Resist ance Tr endline 795 m akaCTRAakan m encoba Resist ance 810, 840 dan 865. CTRAdilihat I ndikat or MACD m engindikasikan pola Upt r end dan St oc osc m engindikasikan pola Reversal.

Ent r y point : 740 — 760

Exit point : 795 ( 7.4% ) , 810 ( 9.5% )

St op Loss : 730 ( - 1.4% )

SSI A : BUY ON W EAKN ESS

SSI Abelum ber hasil ber t ahan diat as Resist ance 494, SSI Aber peluang m enguj i Suppor t 486, 482 dan 474, Nam un, j ika SSI A

ber hasil ber t ahan dan br eak Resist ance 494, m akaSSI A akan m encoba Resist ance 500, 510 dan 520. SSI Adilihat I ndikat or MACD dan St oc osc m engindikasikan pola Upt r end.

Exit point : 500 ( 2.9% ) , 520 ( 7.0% )

St op Loss : 474 ( - 2.5% )

Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep

700 CTRA - Daily 9/24/2018 4:14:00 PM Open 760, Hi 780, Lo 755, Clos e 760 (0.0%)MA(Clos e,50)= 906.20

760 906.2

Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep

-50 0 50 CTRA -MACD(12,26)= -42.46,Signal(12,26,9)= -47.16

-42.4597 -47.1587

20 80 CTRA -Stoch %K(15,3)= 19.27,Stoch %D(15,3,3)= 16.32

19.2664 16.3234 CTRA -RSI(15)= 36.35

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

440

SSIA - Daily 9/24/2018 4:13:00 PM Open 470, Hi 494, Lo 464, Clos e 492 (4.7%)MA(Clos e,50)= 522.48

492 522.48

-20 0 20 SSIA -MACD(12,26)= -11.25,Signal(12,26,9)= -16.42

-11.2508 -16.4214

20 80 SSIA -Stoch %K(15,3)= 73.33,Stoch %D(15,3,3)= 64.81

73.3333 64.8148

(9)

Pick s of Th e D a y

SI D O : BUY ON W EAKN ESS

SI D Ober hasil br eak Resist ance Tr endline 850, dan belum ber hasil break Resist ance 860, SI D Ober peluang m enguj i Suppor t 840, 830 dan 815. Nam un, j ikaSI D Ober hasil break Resist ance 860 ,m akaSI D Oakan m encoba Resist ance 875, 890 dan 905.SI D O

dilihat I ndikat or MACD m engindikasikan pola Upt r end.

Exit point : 860 ( 2.4% ) , 890 ( 6.0% )

St op Loss : 815 ( - 3.0% )

ROTI : BUY ON W EAKN ESS

ROTI belum ber hasil break Resist ance Tr endline 1.080,ROTI ber peluang m enguj i Suppor t 1.035, 1.015 dan 995. Nam un, j ika

ROTI ber hasil break Resist ance Tr endline 1.080 m akaROTI akan m encoba Resist ance 1.095, 1.105 dan 1.115.ROTI dilihat I ndikator St oc osc dan MACD m engindikasikan pola Upt rend.

Ent r y point : 1.035 — 1.060

Exit point : 1.080 ( 4.3% ) , 1.105 ( 6.8% )

St op Loss : 1.015 ( - 1.9% )

450 SIDO - Daily 9/24/2018 4:05:00 PM Open 845, Hi 855, Lo 845, Clos e 850 (0.6%)MA(Clos e,50)= 828.70

850 828.7

-100 10 20 30 SIDO -MACD(12,26)= 6.10,Signal(12,26,9)= 4.62

6.10488 4.62385

20 80 SIDO -Stoch %K(15,3)= 63.89,Stoch %D(15,3,3)= 63.66

63.8889

ROTI - Daily 9/24/2018 4:00:00 PM Open 1050, Hi 1070, Lo 1035, Clos e 1060 (1.0%)MA(Clos e,50)= 963.40

1,060

963.4

-40 -20 0 20

ROTI -MACD(12,26)= 22.94,Signal(12,26,9)= 14.58 22.9411

14.5847

20 80

ROTI -Stoch %K(15,3)= 90.35,Stoch %D(15,3,3)= 87.34 _90.3495

87.3387

(10)

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