See important disclaimer at the end of this report

(1)

ID X St a t is t ic s C lo s ing

JCI 5,861.25

Transactio n Value Regular M arket (IDR tn) 6.171 Transactio n Vo lume Regular M arket (mn shares) 6,108

Fo reign Net Buy (Sell) (IDR bn) (647)

Fo reign Net Buy (Sell) (3.57)

To tal M arket Capitalizatio n (IDR tn) 6,631.39

LQ45 923.23 (4.14) (14.47)

Co al (USD/mn to ns) 117.50 8/13/2018 16.57

Natural Gas (USD/mmBtu) 2.93 7:55:04 AM (0.85)

Go ld (USD/o unce) 1,194.57 8:11:39 AM (8.30)

Nickel (USD/mn to ns) 13,560.00 8:11:40 AM 6.27

Tins (USD/mn to ns) 19,325.00 8:11:15 AM (3.50)

CPO (M YR/mn to ns) 2,169.00 8/13/2018 (11.25)

Rubber (JPY/kg) 163.00 8:04:02 AM (20.64) ernm ent Bonds Yield naik ke level 7.95% .

• Dari dalam negeri, Bank I ndonesia ( BI ) m eraup dana se-besar US$ 260 j ut a dari lelang forex ( FX) swap Senin ( 13/ 8) lalu. Lelang t ersebut dilakukan sebagai salah sat u langkah unt uk m engurangi t ekanan t erhadap r upiah. • Sehubungan dengan MSCI Equit y I ndexes August 2018

I ndex Review, MSCI Global St andard I ndexes List m engu-rangi AKRA. Sedangkan, MSCI Global Sm all Cap I ndexes List m enam bahkan AKRA dan m engurangi PTBA, NI KL. • Sehubungan dengan em it en, I ndo Tam bangaraya Megah

( I TMG) m encat at kan pendapat an bersih selam a sem est er I - 2018 sebesar USD 808,9 j ut a ( + 8,03% YoY) dengan laba bersih USD 102,9 j ut a ( - 2,27% YoY) . Hasil t ersebut se-j alan dengan ekspekt asi k am i dan konsensus.

(2)

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

Bank I ndonesia ( BI ) m eraup dana sebesar US$ 260 j ut a dari lelang forex ( FX) swap Senin ( 13/ 8) lalu. Lelang t erse-but dilakukan sebagai salah sat u langkah unt uk m engurangi t ekanan t erhadap rupiah. Source: Kont an

Berdasarkan dat a yang diperoleh dari Kem ent erian ESDM, hingga 9 Agust us 2018, PNBP m inerba t ercat at senilai Rp 27,59 t riliun. Art inya sudah m encapai 86,19% dari t arget yang dit et apkan senilai Rp32,01 t riliun. Source: Bisnis I n-donesia

PT Mit subishi Mot ors Kram a Yudha Sales I ndonesia ( MMKSI ) m eraih surat pem esanan kendaraan ( SPK) sebanyak 4.509 unit selam a pam eran Gaikindo I ndonesia I nt ernat ional Aut o Show ( GI I AS) 2018 yang diadakan pada 2 - 12 Agust us 2018 di I ndonesia Convent ion Exhibit ion ( I CE) BSD Cit y, Tangerang. Perolehan SPK t ersebut m elam paui t arget yang dit et apkan perusahaan di awal pam eran sebanyak 3.500 unit . Sour ce: I nvest or Daily

Kem ent erian Energi dan Sum ber Daya Mineral ( ESDM) m enawarkan enam blok m igas m elalui lelang reguler hingga Desem ber nant i. Negara berpot ensi m endapat t am bahan penerim aan sebesar US$ 16,5 j ut a dari lelang blok m igas ini. Source: I nvest or Daily

Pem erint ah m elalui Pusat Pengelolaan Dana Pem biayaan Perum ahan ( PPDPP) Kem ent erian Pekerj aan Um um dan Perum ahan Rakyat ( PUPR) m enam bah j um lah bank unt uk penyaluran dana subsidi rum ah berskem a Fasilit as Likuidi-t as Pem biayaan Perum ahan ( FLPP) . Bank iLikuidi-t u Likuidi-t erdiri aLikuidi-t as PT Bank Tabungan Negara Tbk ( BTN) , BTN Syariah, BRI Agro, dan PT Bank KEB Hana I ndonesia. Source: I nv est or Daily

Tiga Pilar Sej aht era Food ( AI SA) dinyat akan lolos dalam perm ohonan penundaan kewaj iban pem bayaran ut ang ( PKPU) . Lolos PKPU m em buat AI SA paling t idak bisa bernafas lega unt uk sem ent ara wakt u sam bil m em persiapkan rapat um um pem egang obligasi ( RUPO) pada 28 Agust us

Provident Agro ( PALM) m enyiapkan dana hingga sebesar Rp 600 m iliar unt uk m enyerap sebagian saham baru yang akan dit erbit kan PT Merdeka Copper Gold Tbk ( MDKA) m elalui right s issue. Aksi korporasi it u dilakukan anak usaha perseroan, yait u PT Suwarna Art a Mandiri, unt uk m ewuj udkan ek spansi di luar bisnis m inyak sawit m ent ah ( crude palm oil/ CPO) . Source: I nv est or Daily

I ndo Tam bangaraya Megah ( I TMG) m encat at kan pendapat an bersih selam a sem est er I - 2018 sebesar USD 808,9 j ut a ( + 8,03% YoY) dengan laba bersih USD 102,9 j ut a ( - 2,27% YoY) . Gross m argin I TMG t ercat at sebesar 27,9% ( vs 28,4% 1H17) dengan net m argin 12,7% ( vs 14,06% 1H17) . Source: Kont an

Ram ayana Lest ari Sent osa ( RALS) m em bukukan pendapat an kot or senilai Rp 567 m iliar pada Juli 2018, t um buh 0,71% dari periode yang sam a t ahun sebelum nya. SSSG pada Januari - Juli 2018 t ercat at 1,3% at au naik 3,3% . Pen-ingkat an SSSG Ram ayana per Juli 2018 m ayorit as dit opang oleh penj ualan fesyen yang t um buh 10% , sedangkan segm en superm arket t urun 19,3% . Source: Bisnis I ndonesia

Kalbe Farm a ( KLBF) m engerek rat a- rat a harga j ual at au average selling price ( ASP) unt uk lini produk nut risi dan ke-sehat an hingga 4% unt uk m enj aga keunt ungan perseroan. Source: Bisnis I ndonesia

SLJ Global ( SULI ) m encet ak kenaikan pendapat an sebesar US$ 44,04 j ut a pada sem est er pert am a 2018 ( + 38,4% YoY) dengan laba bersih US$ 1,63 j ut a per Juni 2018 ( + 45,8% YoY) . Source: Kont an

(3)

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 26,616.71 21,600.34 864.53 3.50 20.68 16.43 3.88 4.03 7,112.29 7,112.29

2 S P X Index 2,872.87 2,417.35 184.09 6.89 22.50 17.73 3.30 3.38 25,058.07 25,058.07

3 C C M P Index 7,933.31 6,177.19 984.94 14.27 39.08 23.38 3.80 3.92 12,332.47 12,332.47

4 S P T S X Index 16,586.46 14,785.78 105.95 0.65 19.84 15.80 1.91 1.88 2,499.81 1,912.05

5 M E X B O L Index 51,620.84 44,429.36 540.14 1.09 19.72 17.62 2.65 2.74 6,032.21 326.82

6 S X 5E Index 3,708.82 3,261.86 (10.36) (0.30) 18.39 14.11 1.67 1.69 2,943.03 3,412.45

7 UK X Index 7,903.50 6,866.94 88.88 1.16 23.28 13.91 1.97 1.98 2,154.04 2,774.62

8 C A C Index 5,657.44 4,995.07 189.34 3.56 18.39 14.67 1.67 1.70 1,604.28 1,860.17

9 D A X Index 13,596.89 11,726.62 (284.10) (2.20) 19.10 13.26 1.86 1.87 1,162.12 1,347.48

10 IB E X Index 10,705.90 9,327.60 (296.80) (2.96) 15.07 12.75 1.47 1.48 608.92 706.05

11 F T S E M IB Index 24,544.26 21,122.51 (63.04) (0.29) 28.62 11.95 1.18 1.18 514.87 597.00

12 A E X Index 576.90 505.92 29.12 5.35 18.98 15.68 1.91 1.96 684.91 794.16

13 S M I Index 9,616.38 8,372.90 (205.72) (2.19) 24.59 16.13 2.59 2.68 1,111.49 1,117.64

14 A S 51 Index 6,306.10 5,639.40 203.40 3.35 17.90 16.04 2.09 2.10 1,859.06 1,379.61

15 A S 30 Index 6,394.30 5,702.20 187.56 3.04 18.90 16.06 2.00 2.01 2,026.26 1,503.69

16 S H S Z 300 Index 4,403.34 3,257.69 (716.35) (17.77) 16.58 11.18 2.05 1.98 26,199.40 3,829.26

17 S H A S H R Index 3,757.20 2,818.06 (589.73) (17.03) 16.86 10.97 1.80 1.76 29,092.93 4,252.17

18 S Z A S H R Index 2,140.56 1,512.40 (453.12) (22.81) 29.07 16.38 3.12 2.91 18,572.28 2,714.49

19 H S I Index 33,484.08 26,863.71 (1,560.01) (5.21) 13.70 11.49 1.39 1.40 18,386.99 2,342.41

20 H S C E I Index 13,962.53 10,405.46 (808.12) (6.90) 9.14 7.81 1.05 1.08 11,693.91 1,489.75

21 S E N S E X Index 37,931.42 31,081.83 3,830.73 11.25 24.56 20.04 3.12 3.25 67,656.26 985.39

22 N IF T Y Index 11,459.95 9,685.55 919.30 8.73 23.83 19.57 3.12 3.25 83,207.82 1,211.89

23 J C I Index 6,693.47 5,557.56 (260.83) (4.10) 24.31 15.71 2.52 2.64 6,895,468.03 478.15

24 LQ 45 Index 1,132.92 871.91 (114.42) (10.60) 21.16 16.40 3.39 3.50 4,402,740.22 305.30

25 K S E 100 Index 47,144.12 37,736.73 2,260.38 5.59 9.00 8.86 1.46 1.51 7,448.40 60.14

26 N K Y Index 24,129.34 19,239.52 (120.63) (0.53) 19.41 16.23 1.89 1.92 390,055.81 3,514.97

27 N E Y Index 376.09 311.55 (11.86) (3.32) 16.02 13.51 1.38 1.40 440,296.06 3,967.70

28 T P X Index 1,911.31 1,578.66 (72.85) (4.01) 16.35 13.57 1.41 1.43 656,376.45 5,914.90

29 F B M K LC I Index 1,896.03 1,657.78 7.92 0.44 16.68 17.33 1.67 1.78 1,125.98 276.28

30 N Z S E Index 1,606.69 1,402.58 61.43 4.07 19.27 20.48 2.03 2.02 129.21 87.13

31 P C O M P Index 9,078.37 6,923.67 (706.96) (8.26) 22.98 18.10 2.51 2.64 9,775.12 184.21

32 F S S T I Index 3,641.65 3,176.26 (76.18) (2.24) 11.07 13.32 1.22 1.24 562.49 412.29

33 K O S P I Index 2,607.10 2,243.90 (166.04) (6.73) 12.75 9.08 1.05 1.05 1,487,042.69 1,328.51

34 T WS E Index 11,270.18 10,189.04 432.39 4.06 15.56 14.11 1.75 1.80 32,994.73 1,077.38

35 S E T Index 1,852.51 1,556.22 (32.07) (1.83) 18.92 15.90 2.08 2.18 17,352.63 522.21

36 S E T 50 Index 1,223.67 991.42 6.55 0.58 17.52 15.87 2.26 2.38 11,996.30 361.02

37 V N IN D E X Index 1,211.34 759.01 (17.97) (1.83) 18.95 16.46 2.81 3.04 3,084,034.05 132.48

2 0 17 2 0 18 E D o m a i n

C u r r e n c y U S D

L O W P O I N T % 2 0 17 2 0 18 E

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

(4)

LQ4 5

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

2 A D R O I J 1 , 9 3 5 2 , 6 5 0 1 , 5 7 5 7 5 4 . 0 3 9 . 0 6 8 . 3 9 1 . 2 6 1 . 1 5 6 1 , 8 9 2 . 8 4

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

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

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

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

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

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

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

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

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

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

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

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

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

1 6 E X C L I J 3 , 1 6 0 1 , 7 1 0 2 0 0 6 . 7 6 8 5 . 1 6 7 3 . 0 0 1 . 4 6 1 . 5 3 3 3 , 7 7 3 . 9 5

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

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

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

2 0 I N C O I J 4 , 3 8 0 4 , 7 2 0 2 , 5 0 0 1 , 4 9 0 5 1 . 5 6 - 2 1 . 7 1 1 . 1 6 1 . 5 8 4 3 , 5 2 1 . 1 6

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

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

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

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

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

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

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

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

2 9 M Y R X I J 1 2 8 1 9 8 1 0 1 1 8 1 6 . 3 6 - - - - 1 1 , 0 9 8 . 0 1

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4 5 _{W S K T I J} 2 , 0 3 0 3 , 1 5 0 1 , 7 7 0 (1 8 0 ) (8 . 1 4 ) 7 . 3 8 6 . 0 9 2 . 1 4 1 . 5 8 2 7 , 5 5 5 . 0 2 M A R K E T C A P

(5)

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 (2.81) (2.87) (1.32) (10.43)

B asic Industry (4.03) (2.14) 1.09 14.62

Trade (1.99) (1.51) (4.18) (8.31)

Finance (4.16) (4.17) 2.20 (7.32)

M iscellaneo us Industry (3.90) (4.31) 2.84 (11.34)

Co nsumer (2.93) (4.57) (4.15) (17.08)

Infrastructure (3.61) (5.19) (7.07) (14.86)

A griculture (2.80) (2.95) 3.54 (7.60)

M ining (4.98) (6.01) (1.80) 24.79

J ul- 18 J un- 18

2.18 3.61

3.18 3.12

0.28 0.59

119.84 122.91

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 14,608.00 - (1.57) (7.21)

USD/CNY 6.89 (0.65) (2.90) (5.58)

USD/EUR 0.88 0.05 2.68 5.26

USD/JP Y 110.81 (0.10) 1.34 1.70

USD/SGD 1.38 0.00 (0.99) (2.89)

USD/A UD 1.37 (0.05) 2.02 7.32

USD/GB P 0.78 0.04 3.72 5.86

( in %)

7.26

1.04

1.46

7.79

7.95

8.28 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

(6)

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

(7)

Pick s of Th e D a y

BEST : BUY ON W EAKN ESS

BESTbelum ber hasil m enem bus Resist ance 246,BEST ber peluang m enguj i Suppor t 234, 228 dan 224 dalam j angka pendek. Nam un, j ikaBESTber hasil break Resist ance 246 m akaBESTakan m encoba Resist ance 250, 256 dan 266.BESTdilihat I ndikat or MACD dan St oc Osc m engindikasikan pola Upt r end.

Ent r y point : 234 — 240

Exit point : 250 ( 6.8% ) , 256 ( 9.4% )

St op Loss : 228 ( - 2.6% )

D M AS : BUY ON W EAKN ESS

D M ASbelum ber hasil break Resist ance 153,D M ASberpeluang unt uk m enguj i Suppor t 139, 134 dan 129, Nam un, j ikaD M AS

ber hasil break Resist ance 153 m akaD M AS akan m encoba Resist ance 160, 162 dan 166.D M ASdilihat I ndikat or MACD dan St oc osc m engindikasikan pola Uptr end.

BEST - Daily 8/13/2018 4:07:00 PM Open 240, Hi 242, Lo 238, Clos e 240 (-0.8%)MA(Clos e,50)= 248.48

240

248.48

Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug -10

-5 0 5 10 BEST -MACD(12,26)= -2.75,Signal(12,26,9)= -3.20

-2.74791

-3.20281

20 80 BEST -Stoch %K(15,3)= 35.19,Stoch %D(15,3,3)= 20.68

35.1852

20.679

BEST -RSI(15)= 47.22

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

120

DMAS - Daily 8/13/2018 4:13:00 PM Open 140, Hi 149, Lo 133, Clos e 147 (-1.3%)MA(Clos e,50)= 134.96

147

134.96

-5 0 5 DMAS -MACD(12,26)= 1.18,Signal(12,26,9)= -1.57

1.17939

-1.5702

20 80 DMAS -Stoch %K(15,3)= 65.00,Stoch %D(15,3,3)= 50.12

65.0049

50.1168

(8)

Pick s of Th e D a y

PTBA : BUY ON W EAKN ESS

PTBAbelum ber hasil br eak Resist ance 4.940,PTBA ber peluang m enguj i Suppor t 4.840, 4.780 dan 4.730. Nam un, j ikaPTBA

ber hasil br eak Resist ance 4.940 ,m akaPTBAakan m encoba Resist ance 4.960, 5.000 dan 5.100.PTBAdilihat I ndikator MACD m engindikasikan pola Upt rend.

Ent r y point : 4.780 — 4.850

Exit point : 4.940 ( 3.3% ) , 5.000 ( 4.6% )

St op Loss : 4.730 ( - 1.0% )

M I KA : BUY ON W EAKN ESS

M I KAbelum ber hasil br eak Resist ance 1.995,M I KAberpeluang m enguj i Suppor t 1.930, 1.910 dan 1.885 dalam j angka pendek. Nam un, j ikaM I KAber hasil break Resist ance 1.995 m akaMI KAakan m encoba Resist ance 2.030, 2.050 dan 2.080.MI KAdilihat I ndikator St oc osc m engindikasikan pola Uptr end.

Ent r y point : 1.930 — 1.960

Exit point : 1.995 ( 3.4% ) , 2.030 ( 5.2% )

St op Loss : 1.910 ( - 1.0% )

1,700

MIKA - Daily 8/13/2018 4:00:00 PM Open 1980, Hi 1980, Lo 1910, Clos e 1960 (-1.0%)MA(Clos e,50)= 1,921.70

1,960

1,921.7

-50 0 50 100 MIKA -MACD(12,26)= 3.44,Signal(12,26,9)= 9.57

3.44332

9.5664

20 80 MIKA -Stoch %K(15,3)= 64.14,Stoch %D(15,3,3)= 56.08

64.1414

56.0847

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

2,000

PTBA - Daily 8/13/2018 4:14:00 PM Open 4870, Hi 4870, Lo 4640, Clos e 4850 (-0.8%)MA(Clos e,50)= 4,199.40

4,850

4,199.4

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

-100 0 100 200 PTBA -MACD(12,26)= 194.89,Signal(12,26,9)= 167.57

194.889

167.567

20 80 PTBA -Stoch %K(15,3)= 89.93,Stoch %D(15,3,3)= 90.35

89.9288

(9)

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

[email protected]

DEPUTY HEAD OF RESEARCH Wilbert

Consumer Goods, Plantation, Pulp and Paper Tel: +62 21 3925550 Ext: 611

[email protected]

EQUITY ANALYST Richard Suherman Commodities

Tel: +62 21 3925550 Ext: 610

[email protected]

EQUITY ANALYST Richardson Raymond Property, Industrial Estate

Tel: +62 21 3925550 Ext: 159

[email protected]

EQUITY ANALYST Paulina

Retail, Cement

Tel: +62 21 3925550 Ext: 610 [email protected]

RESEARCH ASSOCIATE

Anthony Angkawijaya

Construction, Petrochemical, Healthcare Tel: +62 21 3925550 Ext: 611

[email protected]

RESEARCH ASSOCIATE Kenji Fanata

Telecommunication, Tobacco, Poultry, Media Tel: +62 21 3925550 Ext: 611

[email protected]

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

Sekuri-tas 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