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Daily Price Action

Daily Price Action

Thursday,

Thursday, March

March 27

27

th th

₂₀₁₄

₂₀₁₄

4728.24

25.15

793.09

0.53%

5.06

Vol (Mn):

5,577

0.64%

Val (Bn):

5,836

IHSG

LQ-45

LQ-45

LQ-45

LQ-45

Sector Indices

Last

Change

Change %

Agriculture

2241

24.00

1.07

Mining

1366

0.63

0.05

Basic Industry

543

(2.36)

(0.43)

Misc Industry

1288

7.64

0.59

Consumer

1935

30.88

1.60

Property

436

2.43

0.56

Infrastructure

983

7.22

0.73

Finance

627

2.03

0.32

Trade

855

1.49

0.17

Manufacture

1257

9.51

0.76

Source: Bloomberg

Most Active

Last

Change %

Freq

SRIL

205

7.3

8,367

SSMS

1,035

(1.0)

5,466

TLKM

2,210

0.9

5,188

ASII

7,300

0.7

5,087

KLBF

1,465

1.4

4,739

Most Volume

Last

Change %

000 Lot

SRIL

205

7.3

304

ENRG

96

4.3

158

TRAM

1,705

(0.3)

151

BUMI

286

1.4

128

SSMS

1,035

(1.0)

122

Most Value

Last

Change %

Rp Bil

BBRI

9,450

(0.8)

309

BMRI

9,575

0.5

306

ASII

1,710

3.0

279

TRAM

1,705

(0.3)

259

TLKM

2,210

0.2

239

Source: Bloomberg

IHSG Technical Review

R3 4984 R2 4887 R1 4775 Last 4728.24 S1 4650 S2 4566 S3 4460 Comment:

Bullish kicker signal. Moderate trading volume.

Stochastic has golden crossed, on bullish movement.

ADX short period uptrend, both DI lines try to expand the gap. Long term & medium term bullish movement.

Stop-loss level 4650. Upside target 4887.

Daily Price Action

Daily Price Action

Stock Pick

ACES

R3 940 R2 850 R1 780 Last 755 S1 710 S2 650 S3 600 SPECULATIVE BUY Comment:

Bullish kicker signal, moderate trading volume. Reversal signal.

Bullish Garley harmonic

pattern.

Stochastic golden-cross at oversold state, broad upside potential.

RSI, CCI, ROC and William %R, bullish momentum at oversold oscillator.

Long term bullish and medium term bearish movement. Stop-loss level 720. Upside potential 780 (Target Bullish

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potential 780 (Target Bullish Garley).

BBNI

R3 5350 R2 5050 R1 4900 Last 4850 S1 4700 S2 4475 S3 4250 SPECULATIVE BUY Comment:

Bullish separating line, Reversal signal, moderate trading volume. Pulled back bullish trend.

Stochastic golden-cross at oversold state. Broad upside potential

RSI, William %R and ROC have a bullish momentum at oversold oscillator.

Long term and medium term bullish movement.

Stop-loss level at 4750, upside potential 5000, Recommended buying price at 4840.

Daily Price Action

Daily Price Action

Stock Pick

TOTL

R3 1220 R2 1140 R1 1060 Last 980 S1 965 S2 855 S3 775 PARTIAL SELL Comment:

Dark cloud cover, moderate trading volume. Bearish AB=CD pattern.

Stochastic dead-cross

indications at overbought. Broad down potential.

RSI and William %R have a bearish momentum potential at overbought oscillator.

Medium term bullish

movement.

Stop-loss level 965, downside potential 860 (MA25 support level and Bearish AB=CD level and Bearish AB=CD target).

INCO

R3 3200 R2 3050 R1 2900 Last 2785 S1 2750 S2 2600 S3 2475 PARTIAL SELL Comment:

Dark cloud cover, moderate trading volume, reversal signal. Bearish AB=CD pattern.

Stochastic dead-cross

indications at overbought state. Broad downside potential. RSI and William %R have

momentum at overbought

oscillator.

Long term bullish movement. Stop-loss level 2750, downside potential at 2670 (Bearish AB=CD target).

Daily Price Action

Daily Price Action

LS27 Technical table

Closing ClosingClosing

Closing StopStopStopStop RecRecRecRec TargetTargetTargetTarget S2

S2S2

S2 S1S1S1S1 PricePricePricePrice R1R1R1R1 R2R2R2R2 Technical NotesTechnical NotesTechnical NotesTechnical Notes RecRecRecRec LossLossLossLoss Buy PrcBuy PrcBuy PrcBuy Prc PricePricePricePrice

Plantation PlantationPlantation Plantation

AALI AALIAALI

AALI 24,000 25,000 25,40025,40025,40025,400 26,050 27,075 Bullish harami PSPSPSPS 25,000 SGRO SGROSGRO SGRO 1,900 2,000 2,0852,0852,0852,085 2,100 2,200 Consolidations WWWW 2,020 Mining Mining Mining Mining ADRO ADROADRO ADRO 890 970 975975975975 1,060 1,120 Sideways TBTBTBTB 950 1,050 INCO INCO INCO

INCO 2,600 2,750 2,7852,7852,7852,785 2,900 3,050 Dark cloud cover PSPSPSPS 2,750 PTBA PTBAPTBA PTBA 8,450 9,100 9,2009,2009,2009,200 10,100 11,150 Consolidations WWWW 9,100 Consumer ConsumerConsumer Consumer ICBP ICBP ICBP

ICBP 9,400 10,000 10,05010,05010,05010,050 10,700 11,500 Bullish harami TBTBTBTB 9,800 10,400 MYOR MYOR MYOR MYOR 28,000 29,450 30,25030,25030,25030,250 31,000 33,500 Overbought HHHH 30,000 30,500 KLBF KLBF KLBF KLBF 1,380 1,450 1,4651,4651,4651,465 1,530 1,600 Bullish momentum SBSBSBSB 1,425 1,460 1,530 Trading Trading Trading Trading ACES ACESACES

ACES 650 710 755755755755 780 850 Bullish kicker signal SBSBSBSB 720 780 AKRA

AKRAAKRA

AKRA 4,465 4,700 4,8354,8354,8354,835 5,000 5,300 Stoch golden-cross HHHH 4,750 4,900 BMTR BMTR BMTR BMTR 2,175 2,300 2,4302,4302,4302,430 2,440 2,600 Consolidations PSPSPSPS 2,400 MAPI MAPIMAPI

MAPI 6,000 6,450 6,6256,6256,6256,625 7,000 7,500 Golden-cross MA7 HHHH 6,500 6,800 MNCN MNCNMNCN MNCN 2,375 2,530 2,6602,6602,6602,660 2,700 2,850 Bullish momentum HHHH 2,600 2,700 Property & Property & Property & Property & Construction Construction Construction Construction ASRI ASRI ASRI

ASRI 510 580 620620620620 640 700 Bearish momentum WWWW 600 SMRA SMRA SMRA SMRA 970 1,030 1,0701,0701,0701,070 1,100 1,170 Consolidations HHHH 1,030 1,100 BSDE BSDEBSDE BSDE 1,530 1,625 1,6851,6851,6851,685 1,730 1,840 Consolidations HHHH 1,650 1,730 LPKR LPKR LPKR LPKR 1,000 1,100 1,1351,1351,1351,135 1,205 1,300 Bullish harami TBTBTBTB 1,100 1,200 WIKA WIKA WIKA

WIKA 2,150 2,300 2,4052,4052,4052,405 2,455 2,625 Bullish separating line TBTBTBTB 2,300 2,450 WSKT WSKTWSKT WSKT 660 760 780780780780 860 955 Consolidations WWWW 760 Stocks Stocks Stocks Stocks

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Legend :

B: BUY (allocate till 100% of the weighted capital to accumulate, higher than 50% upside probability)
SB: SPECULATIVE BUY (allocate 25%-50% of the weighted capital to accumulate, 25%-50% upside probability)
W: WAIT (wait for proper entry level, do the stop-loss if necessary)

H: HOLD (hold the portfolio position, aim for the best price to distribute)

PS: PARTIAL SELL (distribute 25%-50% part of the portfolio, 25%-50% downside probability)
S: SELL (distribute till 100% of the portfolio, higher than 50% downside probability)

TB: TRADING BUY (short term or intraday trading within a tight trading range. Highly speculative).

Analyst Conclusion:

The bull might start to pick up, accumulates cheap stocks.

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WSKT WSKTWSKT

WSKT 660 760 780780780780 860 955 Consolidations WWWW 760 Basic Industry &

Basic Industry & Basic Industry & Basic Industry &

Chemical Chemical Chemical Chemical CPIN CPIN CPIN

CPIN 3,600 3,825 4,0904,0904,0904,090 4,140 4,390 Break out support WWWW 3,900 SMGR SMGR SMGR SMGR 14,500 15,300 15,70015,70015,70015,700 16,100 16,800 Consolidations WWWW 15,500 Miscelaneous Miscelaneous Miscelaneous Miscelaneous ASII ASIIASII

ASII 6,900 7,250 7,3007,3007,3007,300 7,600 7,950 Stoch golden-cross TBTBTBTB 7,200 7,600 Finance Finance Finance Finance BBNI BBNI BBNI

BBNI 4,475 4,700 4,8504,8504,8504,850 4,900 5,050 Bullish separating line SBSBSBSB 4,700 4,840 5,000 BBRI

BBRIBBRI

BBRI 8,750 9,050 9,4509,4509,4509,450 9,500 9,950 Stoch golden-cross TBTBTBTB 9,200 9,700 BBTN BBTN BBTN BBTN 1,180 1,250 1,2651,2651,2651,265 1,320 1,400 Stoch golden-cross TBTBTBTB 1,200 1,300 Infrastructure InfrastructureInfrastructure Infrastructure TLKM TLKMTLKM

TLKM 2,100 2,200 2,2102,2102,2102,210 2,350 2,480 Bullish kicker signal TBTBTBTB 2,200 2,350 PGAS

PGAS PGAS

Daily Price Action

Daily Price Action

Technical Indicators Summary

Resistance Price Support Weekly Weekly

Fractal 3/26/2014 Fractal High Low RSI B. Band 25 Days 50 Days 200 Days

AALI.JK 26,650 25,400 25,600 26,525 25,525 Neutral Bearish Neutral Middle Bands Under Upper Upper

ACES.JK 835 755 720 780 750 Neutral Bullish Neutral Middle Bands Under Under Upper

ADRO.JK 1,015 975 945 1,015 980 Neutral Bearish Neutral Middle Bands Under Upper Upper

AISA.JK 1,995 2,000 1,965 2,060 1,995 Neutral Bullish Neutral Middle Bands Upper Upper Upper

AKRA.JK 5,200 4,835 4,650 4,905 4,800 Neutral Bullish Neutral Middle Bands Upper Upper Upper

ANTM.JK 1,190 1,145 1,055 1,185 1,150 Neutral Bearish Neutral Middle Bands Upper Upper Under

APLN.JK 308 280 270 293 284 Neutral Bullish Neutral Middle Bands Upper Upper Under

ASII.JK 7,300 7,300 7,150 7,850 7,275 Oversold Bearish Neutral Middle Bands Upper Upper Upper

ASRI.JK 680 620 615 655 635 Neutral Bearish Neutral Middle Bands Upper Upper Upper

BBCA.JK 11,125 10,375 10,200 10,600 10,325 Oversold Bullish Neutral Middle Bands Under Upper Upper

BBNI.JK 5,325 4,850 4,730 4,960 4,810 Oversold Bullish Neutral Middle Bands Upper Upper Upper

BBRI.JK 10,500 9,450 9,275 9,800 9,450 Neutral Bullish Neutral Middle Bands Under Upper Upper

BBTN.jk 1,355 1,265 1,205 1,300 1,255 Neutral Bullish Neutral Middle Bands Upper Upper Upper

BDMN.JK 4,425 4,400 4,160 4,430 4,345 Neutral Bullish Neutral Middle Bands Upper Upper Under

BHIT.JK 351 341 330 348 341 Neutral Bearish Neutral Middle Bands Upper Upper Under

BKSL.JK 204 182 179 195 183 Oversold Bearish Neutral Middle Bands Upper Upper Under

BMRI.JK 10,250 9,575 9,325 9,750 9,500 Neutral Bullish Neutral Middle Bands Upper Upper Upper

BMTR.JK 2,500 2,430 2,370 2,500 2,450 Neutral Bullish Neutral Middle Bands Upper Upper Upper

BORN.JK 148 128 137 148 133 Oversold Bearish Oversold Lower Bands Under Under Under

BSDE.JK 1,750 1,685 1,600 1,715 1,685 Neutral Bullish Neutral Middle Bands Upper Upper Upper

BTPN.JK 5,100 4,280 4,255 4,700 4,340 Oversold Bearish Neutral Middle Bands Under Under Under

BWPT.JK 1,390 1,320 1,305 1,390 1,340 Neutral Bearish Neutral Middle Bands Under Upper Upper

CMNP.JK 3,505 3,380 3,260 3,505 3,375 Neutral Bearish Neutral Middle Bands Upper Upper Upper

CPIN.JK 4,225 4,090 4,045 4,225 4,180 Neutral Bullish Neutral Middle Bands Under Upper Upper

CTRA.JK 1,005 1,155 1,070 1,165 1,150 Neutral Bullish Neutral Middle Bands Upper Upper Upper

CTRP.JK 905 865 840 885 870 Neutral Bullish Neutral Middle Bands Upper Upper Upper

CTRS.JK 2,420 2,340 2,160 2,400 2,340 Neutral Bullish Neutral Middle Bands Upper Upper Upper

DILD.JK 470 432 405 463 435 Oversold Bearish Neutral Middle Bands Upper Upper Upper

EXCL.JK 4,430 4,195 4,315 4,390 4,200 Oversold Bullish Neutral Middle Bands Under Under Under

GGRM.JK 49,275 47,500 43,600 47,975 46,250 Neutral Bullish Neutral Middle Bands Upper Upper Upper

GIAA.JK 493 491 460 500 481 Neutral Bullish Neutral Middle Bands Upper Upper Under

GJTL.JK 2,495 2,145 2,190 2,300 2,210 Oversold Bullish Neutral Middle Bands Under Upper Under

HEXA.JK 3,790 3,750 3,605 3,800 3,760 Neutral Bearish Neutral Middle Bands Under Upper Under

HRUM.JK 2,330 2,160 2,270 2,310 2,190 Oversold Bearish Neutral Middle Bands Under Under Under

ICBP.JK 11,300 10,050 10,850 10,975 10,125 Neutral Bearish Neutral Lower Bands Under Under Under

Ticker Indicator Moving Average

Stochastic

Legend :

• Movement: Bullish and Bearish

• Momentum: Oversold (Jenuh Jual), Overbought (Jenuh Beli) and Neutral • Resistance Fractal: Strong Resistance

• Support Fractal: Strong Support

IMAS.JK 5,200 5,050 5,050 5,200 5,100 Neutral Bearish Neutral Lower Bands Under Under Under

INCO.JK 2,830 2,785 2,510 2,850 2,755 Neutral Bullish Neutral Middle Bands Upper Upper Upper

INDF.JK 7,800 7,075 7,275 7,425 7,050 Oversold Bullish Neutral Middle Bands Under Under Upper

INDY.JK 630 605 605 630 615 Neutral Bearish Neutral Middle Bands Upper Upper Under

INTA.JK 281 288 260 295 271 Neutral Bullish Neutral Upper Bands Upper Upper Under

INTP.JK 27,300 24,200 23,000 24,500 23,650 Neutral Bullish Neutral Middle Bands Upper Upper Upper

ITMG.JK 26,150 23,850 22,350 24,000 23,575 Neutral Bullish Neutral Middle Bands Under Under Under

JPFA.JK 1,705 1,510 1,510 1,610 1,550 Oversold Bearish Neutral Middle Bands Under Under Upper

JSMR.JK 5,900 5,725 5,725 5,900 5,775 Neutral Bullish Neutral Middle Bands Upper Upper Upper

KIJA.JK 272 249 245 269 256 Neutral Bearish Neutral Middle Bands Upper Upper Under

KLBF.JK 1,440 1,465 1,410 1,475 1,430 Neutral Bullish Neutral Middle Bands Upper Upper Upper

KRAS.JK 580 525 500 570 530 Neutral Bullish Neutral Middle Bands Upper Upper Upper

LPKR.JK 1,295 1,135 1,090 1,255 1,145 Neutral Bearish Neutral Middle Bands Upper Upper Upper

LSIP.JK 2,370 2,205 2,130 2,365 2,245 Neutral Bearish Neutral Middle Bands Upper Upper Upper

MAPI.JK 7,100 6,625 6,275 6,775 6,500 Neutral Bullish Neutral Middle Bands Under Upper Upper

MASA.JK 336 317 320 324 322 Neutral Bearish Neutral Lower Bands Under Under Under

MNCN.JK 2,850 2,660 2,515 2,685 2,640 Neutral Bullish Neutral Middle Bands Upper Upper Under

MTLA.JK 475 445 400 453 445 Neutral Bullish Neutral Middle Bands Upper Upper Upper

MYOR.JK 31,000 30,250 28,500 30,250 30,050 Neutral Bullish Neutral Middle Bands Upper Upper Upper

PGAS.JK 5,350 5,025 4,850 5,175 4,980 Neutral Bearish Neutral Middle Bands Upper Upper Under

PTBA.JK 9,650 9,200 9,125 9,475 9,275 Neutral Bearish Neutral Middle Bands Under Under Under

RALS.JK 1,320 1,400 1,305 1,420 1,375 Neutral Bullish Neutral Middle Bands Upper Upper Upper

ROTI.JK 1,225 1,070 1,030 1,105 1,070 Neutral Bullish Neutral Middle Bands Under Under Under

SGRO.JK 2,200 2,085 1,980 2,200 2,120 Neutral Bearish Neutral Middle Bands Upper Upper Upper

SIMP.JK 1,000 910 900 950 915 Neutral Bearish Neutral Middle Bands Upper Upper Upper

SMCB.JK 2,930 2,680 2,600 2,750 2,690 Neutral Bullish Neutral Middle Bands Upper Upper Upper

SMGR.JK 17,400 15,700 15,200 15,900 15,525 Neutral Bullish Neutral Middle Bands Upper Upper Upper

SMRA.JK 1,180 1,070 1,035 1,120 1,075 Neutral Bullish Neutral Middle Bands Upper Upper Upper

SSIA.JK 1,040 940 865 1,040 970 Neutral Bearish Neutral Middle Bands Upper Upper Upper

TLKM.JK 2,325 2,210 2,160 2,270 2,215 Neutral Bullish Neutral Middle Bands Under Under Under

TOTL.JK 1,030 980 890 1,050 970 Neutral Bullish Neutral Middle Bands Upper Upper Upper

UNTR.JK 20,200 20,100 18,800 20,950 20,600 Neutral Bullish Neutral Middle Bands Upper Upper Upper

WIKA.JK 2,505 2,405 2,265 2,415 2,375 Neutral Bullish Neutral Middle Bands Upper Upper Upper

WSKT.JK 820 780 745 785 775 Neutral Bullish Neutral Middle Bands Upper Upper Upper

Daily Price Action

Daily Price Action

HEAD OFFICE HEAD OFFICEHEAD OFFICE HEAD OFFICE

Reliance Building Reliance BuildingReliance Building Reliance Building Jl. Pluit Kencana No. 15A, Pluit Penjaringan Jakarta 14450 T T T T +62 21 661 7768 F F F F +62 21 661 9884 RESEARCH DIVISION RESEARCH DIVISION RESEARCH DIVISION RESEARCH DIVISION

Jasa Adhi Mulya Jasa Adhi Mulya Jasa Adhi Mulya

Jasa Adhi Mulya jasa@reliance-securities.com Wilson Sofan

Wilson Sofan Wilson Sofan

Wilson Sofan wilson.sofan@reliance-securities.com Robertus

Robertus Robertus

Robertus robertus@reliance-securities.com

Lanjar Nafi Taulat I Lanjar Nafi Taulat I Lanjar Nafi Taulat I

Lanjar Nafi Taulat I lanjar@reliance-securities.com Hansen Teguh

Hansen Teguh Hansen Teguh

Hansen Teguh hansen@reliance-securities.com Aji Setiawan

Aji Setiawan Aji Setiawan

Aji Setiawan aji@reliance-securities.com Alan Milgerry

Alan Milgerry Alan Milgerry

Alan Milgerry alan@reliance-securities.com

EQUITY DIVISION EQUITY DIVISIONEQUITY DIVISION EQUITY DIVISION Jakarta JakartaJakarta Jakarta--- Pluit-PluitPluitPluit

Jl. Pluit Kencana No. 15A Pluit Penjaringan Jakarta 14450 T + 62 21 661 7768 F + 62 21 661 9884 Jakarta Jakarta Jakarta Jakarta --- Sudirman-SudirmanSudirmanSudirman Menara Batavia 27th floor Jl.KH.Mas Mansyur Kav 126 Jakarta 10220

T + 62 21 5793 0008 F + 62 21 5793 0010 Jakarta

Jakarta Jakarta

Jakarta –––– KebonKebonKebonKebon JerukJerukJerukJeruk Plaza Kebon Jeruk Jl.Raya Perjuangan Blok A/2 Jakarta 11530 T + 62 21 532 4074 F + 62 21 536 2157 BSD BSDBSD BSD

Jl. Pahlawan Seribu Ruko BSD Sektor 7 Blok RK kav. 9 Tangerang 15310 T + 62 21 5387495 F + 62 21 5387494 Malang MalangMalang Malang Jl. Guntur No. 19 Malang 65112 Bandung Bandung Bandung Bandung Jl.Cisangkuy No.58 Bandung 40115 T + 62 22 721 8200 F + 62 22 721 9255 Tasikmalaya Tasikmalaya Tasikmalaya Tasikmalaya

Ruko Tasik Indah Plaza No. 21 Jl. KHZ Mustofa No. 345 Tasikmalaya 46121 T + 62 265 345000 F + 62 265 345003 Yogyakarta Yogyakarta Yogyakarta Yogyakarta

Jl. Juadi No. 1 Kotabaru Yogyakarta 55224 T + 62 274 550 123 F + 62 274 551 121 Surakarta Surakarta Surakarta Surakarta

Jl. Slamet Riyadi 330A Solo 57145 T + 62 271 733480 F + 62 271 733478 Balikpapan Balikpapan Balikpapan Balikpapan Ruko Bukit Indah Blok I No3 RT 34

Jl. MT Haryono, Gunung Bahagia

Surabaya SurabayaSurabaya Surabaya ---- GubengGubengGubengGubeng Jl. Bangka No. 22 Surabaya 60281 T + 62 31 501 1128 F + 62 31 503 3196 Surabaya SurabayaSurabaya

Surabaya –––– DiponegoroDiponegoroDiponegoroDiponegoro Jl. Diponegoro No. 26D Surabaya 60261 T + 62 31 567 0388 F + 62 31 561 0528 Denpasar DenpasarDenpasar Denpasar

Dewata Square Blok A3 Jl. Letda Tantular Renon Denpasar 802361 T + 62 361 225099 F + 62 361 245099 Pontianak PontianakPontianak Pontianak Jl. MT Haryono No. 6 Pontianak 78121 T. +62 561 575674 F. +62 561 575670 Makassar Makassar Makassar Makassar

Jl. Boto Lempangan No. 34 J Makassar 90113 T + 62 411 3632388 F + 62 411 3614634 Pekanbaru Pekanbaru Pekanbaru Pekanbaru

Jl. Sumatera No. 9, Simpang Empat Pekanbaru - Riau 28000 T + 62 761 7894368 F + 62 761 7894370 Medan Medan Medan Medan

Jl. Teuku Amir Hamzah No.26 T + 62 61 6633065 F + 62 61 6617597 Jakarta

Jakarta Jakarta Jakarta –––– CentroCentroCentroCentro

Ruko Centro Residence Kav. 4-5 Tower C Lt. 1 No. 26-29 Jl. Macan, Daan Mogot Jakarta 14450 T +62 21 56945227 F +62 21 56945226

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Malang 65112 T + 62 341 347 611 F + 62 341 347 615

Jl. MT Haryono, Gunung Bahagia Balikpapan Selatan 76114 T + 62 542 746313-16 F + 62 542 746317

POJOK BURSA & GALERI INVESTASI POJOK BURSA & GALERI INVESTASI POJOK BURSA & GALERI INVESTASI POJOK BURSA & GALERI INVESTASI

UPN “Veteran” Jakarta UPN “Veteran” Jakarta UPN “Veteran” Jakarta UPN “Veteran” Jakarta Jl. RS Fatmawati, Pondok Labu Jakarta 12450 T + 62 21 7656971 ext. 197 F + 62 21 7656971 ext. 138 President University President University President University President University

Resto Plaza 1F - Jababeka Education Park Jl. Ki Hajar Dewantara Raya

Cikarang - Bekasi 17550 T + 62 21 89106030

Universitas Siliwangi Tasikmalaya Universitas Siliwangi Tasikmalaya Universitas Siliwangi Tasikmalaya Universitas Siliwangi Tasikmalaya Jl. Siliwangi No. 24

Tasikmalaya 46151 T + 62 265 323685 F + 62 265 323534

STIE "AUB" Surakarta STIE "AUB" Surakarta STIE "AUB" Surakarta STIE "AUB" Surakarta Jl. Mr. Sartono 97, Cengklik Nusukan, Surakarta 57135 T + 62 271 854803 F + 62 271 853084 UPN "Veteran" Yogyakarta UPN "Veteran" Yogyakarta UPN "Veteran" Yogyakarta UPN "Veteran" Yogyakarta Jl. Babarsari 2, Tambak Bayan Yogyakarta T + 62 274 485268 F + 62 274 487147 Universitas Surabaya Universitas Surabaya Universitas Surabaya Universitas Surabaya Jl. Raya Kalirungkut Surabaya 60293 T + 62 31 298 1203 F + 62 31 298 1204

Universitas Muhammadiyah Gresik Universitas Muhammadiyah Gresik Universitas Muhammadiyah Gresik Universitas Muhammadiyah Gresik Jl. Sumatra 101 GKB

Gresik 61121 T + 62 31 395 1414 F + 62 31 395 2585 Universitas Negeri Malang Universitas Negeri Malang Universitas Negeri Malang Universitas Negeri Malang Jl. Surabaya No. 6 Malang 65145 T + 62 341 585914 F + 62 341 552888

Universitas Muhammadiyah Malang Universitas Muhammadiyah Malang Universitas Muhammadiyah Malang Universitas Muhammadiyah Malang Jl. Raya Tlogomas 246 Malang 65144 T + 62 341 464318-9 F + 62 341 460782 Universitas Brawijaya Universitas Brawijaya Universitas Brawijaya Universitas Brawijaya Jl. Veteran Malang 65145 T + 62 341 551611, 575777 F + 62 341 565420 STIE Malangkucecwara STIE Malangkucecwara STIE Malangkucecwara STIE Malangkucecwara Jl. Terusan Candi Kalasan Malang 65142 T + 62 341 491813 F + 62 341 495619 Universitas Jember Universitas Jember Universitas Jember Universitas Jember Jl. Jawa No. 17 Jember 68121 T + 62 331 330732 F + 62 331 326419 STIESIA Surabaya STIESIA Surabaya STIESIA Surabaya STIESIA Surabaya Jl. Menur Pumpungan 30 Surabaya T + 62 31 5947505 F + 62 31 5932218 Universitas 17 Agustus 1945 Universitas 17 Agustus 1945 Universitas 17 Agustus 1945 Universitas 17 Agustus 1945 Banyuwangi Jl. Adi Sucipto 26 Banyuwangi, Jawa Timur T + 62 333 419613 F + 62 333 419163

Universitas Tanjungpura Pontianak Universitas Tanjungpura Pontianak Universitas Tanjungpura Pontianak Universitas Tanjungpura Pontianak Jl. Jendral Ahmad Yani

Pontianak 78124 T + 62 561 743465 F + 62 561 766840

Disclaimer

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Disclaimer::::

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