• Tidak ada hasil yang ditemukan

NH Daily December 19 2017 (English)

N/A
N/A
Protected

Academic year: 2019

Membagikan "NH Daily December 19 2017 (English)"

Copied!
6
0
0

Teks penuh

(1)

Morning Brief

Daily | Dec 19 2017

progress of the U.S. tax reformation persists.

Top Gainers : Consumer (+1.40%),

Finance (+0.31%), Agriculture (+0.18%)

Today’s Outlook: Vote of the U.S. Tax Bill

We estimate JCI to move lower with the

support range of 6090

-

6094 and

resistance range of 6157

-

6160

by today. The globally negative sentiment

comes from the U.S. as today the U.S. parliament will vote the tax reformation

bill. According to the updated new, it is estimated that the bill will be passed.

This bill approval will strengthen USD. On the other flip side, ahead of the

yearend, the decline in transaction volume gives the risk of higher JCI volatility.

JCI Movement

The U.S. markets rallied to its highest level last night. Investors awaited voting in

the Parliament to decide Tax Reformation Laws.

Europe

European markets rallied yesterday amid the heightened expectancy of tax

reformation bill to be passed by the U.S. parliament.

(2)

Stocks Recommendation

ANTM

Last = 635

Analysis

Indonesian government estimated to finish the

discussion with Freeport McMoran relating

the ownership transfer of copper mining in

Grasberg.

Range

625 – 685

Action

Trading Buy. Cut Loss If Below 625

ITMG

Last = 20350

Analysis

Global coal price nudged up 0.84% to

USD101.9 per ton as China's government plans

to close a number of non

-

ecofriendly mining.

Range

20125 – 21700

Action

Trading Buy. Cut Loss If Below 20125

INCO

Last = 2900

Analysis

Global nickel price continued to record rally of

2.16% yesterday. It was backed by the

expectancy of higher economic growth in

China, Europe, and the U.S.

Range

2850

-

3040

Action

Trading buy. Cut Loss If Below 2850

Source: Bloomberg

Source: Bloomberg

Source: Bloomberg

Sector Rotation

Source: Bloomberg

Relative Rotation Graph

-

Last 10 Days

98 99 100 101

95 96 97 98 99 100 101 102

Agriculture

Mining

Infrastructure

Basic Ind. Consumer

Finance

Misc Ind.

Trade

Property

Lagging

Improving

Leading

(3)
(4)

Company News

Domestic & Global News

Indonesia Sees 2017 GDP Growth at 5.15%; 2018 Growth at 5.3%

Finance Minister Sri Mulyani Indrawati sees relatively good 2018 outlook as improvement is supported by recovery in

global trade, she says in Jakarta. Government to work carefully and thoroughly in collecting taxes so it won’t create

“unnecessary noise”. “We want to help business people, so that productivity is maintained.” Growth estimate in 2018

state budget is at 5.4%, while estimate in 2017 budget is 5.2%. (Bloomberg)

Mike Lee & Susan Collins Will Support GOP Tax Bill, Boosting Its Chances to Pass This Week

Senator Mike Lee and Susan Collins will support the Republican tax plan, they said Monday, solidifying Republican hopes to

pass a bill to overhaul the American tax code this week. The commitments from Lee and Collins leave only one GOP

senator publicly undeclared on the bill: Jeff Flake of Arizona. The House plans to vote on the joint legislation on Tuesday.

The Senate will move to approve it and send it to President Donald Trump's desk before Thursday. (CNBC)

TLKM

: Takes Over Nutech Integrasi

TLKM through its subsidiary, PT Multimedia Nusantara,

took over 60% shares of PT Nutech Integrasi amounting to

IDR24 billion. Nutech is a company running its business in

the Information and Communication Technology (ITC)

transportation sector. (Bisnis Indonesia)

ENRG

: Performs Debt Conversion of IDR437 Billion

ENRG planned to performs two corporation actions,

namely shares buyback and private placement as part of

debt restructuring. The total of new shares to be issued

through the private placement is 4.2 billion shares. The

exercise price of private placement is IDR104 per share;

accordingly, the total of debt conversion reaches IDR437

billion. (Bisnis Indonesia)

GIAA

: Targets Growth of 12%

GIAA targets the growth of 11%

-

12% in 2018. The target

will be supported by the heightened non

-

passenger

revenue such as the freight revenue and goods sale in

flight. Besides, GIAA will allocate the capital expense of

around USD100

-

200 million for routine maintenance. The

capital expenditure will stem from the internal fund and

the issuance of global bond. (Kontan)

WSKT

: Offers 3 Shemes of Toll Road Divestment

(5)

Global Economic Calendar

Date

Country

Hour

Jakarta

Event

Period

Actual

Consensus

Previous

Monday

JPN

06:50

Trade Balance

Nov

-

¥113.4b

-

¥40.0b

¥285.4b

18

-

Dec

EU

17:00

CPI YoY

Nov F

1.50%

--

1.50%

Tuesday

GER

16:00

IFO Business Climate

Dec

--

117.5

19

-

Dec

GER

16:00

IFO Expectations

Dec

--

111

GER

16:00

IFO Business Climate

Dec

--

124.4

Wednesday

JPN

11:30

All Industry Activity Index MoM

Oct

0.30%

-

0.50%

20

-

Dec

USA

19:00

MBA Mortgage Applications

15

-

Dec

--

-

2.30%

Thursday

USA

20:30

GDP Annualized QoQ

3Q T

3.30%

3.30%

21

-

Dec

USA

20:30

Initial Jobless Claims

16

-

Dec

--

225k

USA

20:30

GDP Price Index

3Q T

2.10%

2.10%

EU

22:00

Consumer Confidence

Dec A

--

0.1

Friday

UK

16:30

Current Account Balance

3Q

-

21.3b

-

23.2b

22

-

Dec

UK

16:30

GDP YoY

3Q F

1.50%

1.50%

USA

20:30

Durable Goods Orders

Nov P

1.80%

-

0.80%

USA

22:00

New Home Sales

Nov

651k

685k

USA

22:00

U. of Mich. Sentiment

Dec F

97.2

96.8

Source: Bloomberg

Corporate Calendar

Date

Event

Company

Monday

Right Listing Date

IMJS

18

-

Dec

Annual Shareholder Meeting

FIRE

IPO Listing Date

PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk

Tuesday

IPO Listing Date

CAMP

19

-

Dec

Annual Shareholder Meeting

LPIN

Cum Dividend Date

JASS

Wednesday

Annual & Extraordinary Shareholder Meeting

MFTN

20

-

Dec

Right Listing Date

DAYA, YULE

Extraordinary Shareholder Meeting

ENRG, HEXA,HRTA

Thursday

Right Delisting Date

CMPP, MEDC

21

-

Dec

Annual & Extraordinary Shareholder Meeting

ASMI

Extraordinary Shareholder Meeting

CMPP

Friday

Right Delisting Date

TRAM

22

-

Dec

Right Listing Date

MABA

Annual Shareholder Meeting

CANI

(6)

DISCLAIMER

This report and any electronic access hereto are restricted and intended only for the clients and related entity of PT NH

Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made

available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any

recommendation contained herein may not suitable for all investors. Although the information here is obtained from reliable

sources, it accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies,

respective employees, and agents disclaim any responsibility and liability for claims, proceedings, action, losses, expenses,

damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH

Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents liable for errors, omissions, misstatements,

negligence, inaccuracy arising herefrom.

All rights reserved by PT NH Korindo Sekuritas Indonesia

PT. NH Korindo Sekuritas Indonesia

Member of Indonesia Stock Exchange

Head Office :

Wisma Korindo 7

th

Floor

Jl. M.T. Haryono Kav. 62

Pancoran, Jakarta 12780

Indonesia

Telp: +62 21 7976202

Fax : +62 21 7976206

Branch Office BSD:

ITC BSD Blok R No.48

Jl. Pahlawan Seribu Serpong

Tangerang Selatan 15322

Indonesia

Telp : +62 21 5316 2049

Fax : +62 21 5316 1687

A Member of NH Investment & Securities Global Network

Seoul | New York | Hong Kong | Singapore | Shanghai | Beijing | Hanoi |

Jakarta

Branch Office Solo :

Jl. Ronggowarsito No. 8

Kota Surakarta

Jawa Tengah 57111

Indonesia

Telp: +62 271 664763

Fax : +62 271 661623

Referensi

Dokumen terkait

Negara menyediakan sarana hukum untuk mengatur tentang hubungan industrial di dalam suatu hubungan kerja pada sektor hubungan kerja formal (white collar) maupun informal

- Dari india => kerajaan sriwijaya pernah menjalin hubungan dengan raja india seperti kerajaan Nalanda dan kerajaan Chola, raja sriwijaya pernah mendirikan prasasti Nalanda..

4. Hasil uji analisis menggunakan Wilcoxon didapatkan data bahwa nilai Asymp. Hasil tersebut menunjukkan.. bahwa Ha ditolak Ho diterima yang berarti tidak ada pengaruh

khususnya yang tinggal di rumah kos memilih makanan yang siap saji, mudah didapat dan diolah menjadi makanan sehari-hari mereka, makanan yang pedas atau asam juga

Self assessment system dan penagihan pajak dengan surat paksa secara simultan berpengaruh terhadap penerimaan pajak.. Kata Kunci: Self Assessment System, Penagihan

Penelitian ini memiliki keterbatasan yaitu belum dilakukan pengontrolan terhadap faktor-faktor yang mempengaruhi perilaku merokok seperti faktor diri (internal) yang

“ Pemutusan Hubungan Kerja Oleh Perusahaan Kepada Pekerja Yang Mengalami Disabilitas Berdasarkan Undang-Undang Nomor 13 Tahun 2003 (Studi Kasus Putusan

Hasil penelitian ini sejalan dengan penelitian Rahma (2013) yang menyatakan (p-value > 0.05), bahwa variabel umur kehamilan pada kasus asfiksia yang terjadi di