Today s Market: Top Buy: BBNI, LPPF, CTRA

(1)

Today’s Market:

IHSG diperkirakan bergerak mixed. Harga minyak mentah turun pada perdagangan Kamis (4/5) karena kekhawatiran oversupply minyak global mengurangi sentimen investor. Organisasi Negara Eksportir Minyak diperkirakan untuk memperpanjang pemangkasan produksi hingga semester kedua tahun ini ketika bertemu di Wina, Austria 25 Mei. In-vestor menantikan laporan penggajian non-pertanian bu-lanan AS untuk mendapatkan wawasan tambahan mengenai laju kenaikan suku bunga The Fed sampai akhir tahun. Dari dalam negeri, spekulasi data pertumbuhan ekonomi Indo-nesia yang diperkirakan akan menjadi penggerak pasar pada hari ini. Secara teknikal indeks hari Jumat (5/5), IHSG diprediksi bergerak di kisaran 5629-5682.

Friday, May 05, 2017

Source: Bloomberg, Sinarmas Investment Research

Top Buy:BBNI, LPPF, CTRA BoW:BSDE

ID X Statistics C lo sing

JCI 5,669.44

Transaction Value Regular M arket (IDR tn) 6.322

Transaction Volume Regular M arket (mn shares) 6,855

Foreign Net Buy (Sell) (IDR bn) (313.56)

Foreign Net Buy (Sell) 1.74

Total M arket Capitalization (IDR tn) 6,194.05

LQ45 942.98 0.69 19.06 EIDO 26.40 0.30 26.50 IDX 23.00 (0.13) 24.93 DOW JONES 20,951.47 (0.03) 20.24 S&P 500 2,389.52 0.06 16.91 NASDAQ 6,075.34 0.05 21.33 FTSE 7,248.10 0.19 16.11 NIKKEI 19,445.70 0.70 2.16 HANG SENG 24,683.88 (0.05) 12.64 STRAITS TIM ES 3,228.62 (0.28) 12.00 KLSE 1,758.67 (0.78) 3.91 USD/IDR 13,338.00 0.15 1.01 EUR/IDR 14,643.70 0.94 (3.26) JPY/IDR 118.51 0.43 (2.85) SGD/IDR 9,521.58 (0.06) (2.23) AUD/IDR 9,874.49 (0.03) (1.42) GBP/IDR 17,240.97 0.56 (4.04)

Crude Oil (USD/barrel) 45.59 8:12:13 AM (15.12)

Coal (USD/mn tons) 70.05 5/4/2017 (15.60)

Natural Gas (USD/mmBtu) 3.19 8:11:30 AM (14.31)

Gold (USD/ounce) 1,228.09 8:22:20 AM 7.02

Nickel (USD/mn tons) 8,970.00 8:22:18 AM (10.68)

Tins (USD/mn tons) 19,850.00 5/4/2017 (6.04)

CPO (M YR/mn tons) 2,730.00 5/4/2017 (15.16)

Rubber (JPY/kg) 271.50 5/3/2017 3.63

Wheat (USD/bushel) 426.00 5/4/2017 4.41

Corn (USD/bushel) 358.00 5/4/2017 1.70

C o mmo dities

Other Indices C lo sing 1-D ay C hg (%) _{C hg (%)}YT D

C urrency Spo t R ate R ate (ID R ) 1-D ay C hg (%) _{C hg (%)}YT D

P rice _{T ransactio n}Last _{C hg (%)}YT D IHSG naik sebanyak 22.1 poin (0.39%) ke level 5669.44.

Sementara LQ45 naik sebanyak 6.4 poin (0.69%) ke level 942.98. Foreign net sell sebesar Rp 313.56 miliar.

(2)

Daily Corporate and Industry News

 Sejak tahun lalu, Uni Eropa tampak mulai menggencarkan perundingan kerja sama bilateral dengan negara di

Asia. Namun, di balik kebijakan itu ada misi tersembunyi dari UE yakni memberikan tekanan khusus kepada China. Source: Bisnis Indonesia

 _{Chief Executive Officer (CEO) Apple, Tim Cook mengumumkan bahwa perusahaannya menyiapkan USD 1}

mil-iar untuk manufaktur tingkat tinggi. Source: Investor Daily

 Harga minyak mentah mendingin akibat bertambahnya pasokan dari Amerika Serikat, sehingga sulit

menca-pai level USD 50 per barel sammenca-pai dengan pekan ini. Source: Bisnis Indonesia

 Harga nikel merosot akibat proyeksi bertumbuhnya suplai dari Filipina setelah parlemen memecat Menteri

Lingkungan dan Sumber Daya Alam Regina Lopez, yang sebelumnya memprakarsai penutupan sejumlah tam-bang nikel di dalam negeri. Source: Bisnis Indonesia

 PDB diprediksi di bawah 5%. Perbaikan ekspor akibat naiknya harga komoditas diperkirakan menjadi

pe-nopang utama pertumbuhan ekonomi Indonesia pada kuartal I/2017. Hasil survei bisnis dari 12 ekonom menunjukkan PDB kuartal I/2017 dengan nilai median 4,96% dan nilai mean-nya 4,86%. Source: Bisnis Indo-nesia

 Perusahaan media sosial global diuntungkan semakin banyaknya jumlah pengakses media sosial. Hal ini

men-jadi magnet bagi para pengiklan. Di antaranya, Facebook Inc mampu mencatat pertumbuhan laba bersih sebe-sar 76% menjadi US$ 3,06 miliar sedangkan pendapatan di US$ 8,03 miliar di kuartal I 2017. Pendapatan ik-lan sendiri naik 51% menjadi US$ 7,86 miliar. Source: Kontan

 Laju pertumbuhan ekonomi kuartal I 2017 diperkirakan berkisar 4,9 – 5%. Adapun estimasi ini

mempertim-bangkan pelemahan di konsumsi rumah tangga. Beberapa inidikasi seperti penjualan ritel yang turun 0,25% YoY pada kuartal ini. Source: Kontan

 Setelah menerbitkan surat utang berdenominasi USD, pemerintah berencana kembali menerbitkan surat

ber-haraga negara (SBN) Euro dan Yen (Samurai Bond). Saat ini pemerintah tengah melakukan persiapan terkait hal tersebut, meskipun untuk saat ini masih dicermati tentang pengumuman S&P maupun kondisi geopolitik di Eropa untuk yang SBN Euro. Source: Kontan

 Hingga kuartal I 2017, kinerja emiten semen masih belum menunjukkan tanda – tanda perbaikan. Permintaan

semen yang lemah menjadi faktor penjualan yang cenderung stagnan. Selain itu, kondisi oversupply masih dirasakan, dengan kelebihan pasokan mencapai 37 juta ton. Source: Kontan

(3)

Daily Corporate and Industry News

 Kelompok usaha Lippo megembangkan proyek kota mandiri berskala internasional dengan investasi Rp 278

triliun di Cikarang, Kabupaten Bekasi. Namun, analis menilai proyek ini terlalu ambisius mengingat kompetisi sangat ketat dan bisnis properti tengah lesu. Source: Bisnis Indonesia dan Investor Daily

 _{Hasil investasi industri asuransi umum pada kuartal I/2017 menurun 7,2% secara tahunan disebabkan oleh}

susutnya imbal hasil dari penempatan dana di instrumen deposito. Source: Bisnis Indonesia

 Omzet industri kemasan pada kuartal I 2017 diperkirakan mencapai Rp 20 triliun, tumbuh 5% YoY.

Penca-paian ini dbawah target yang ditetapkan yakni 8%. Adapun kelesuan ini diperkirakan dipengaruhi kondisi industri mamin. Source: Investor Daily

 _{Gojek yang kian molek. Usaha rintisan nasional layaknya gadis molek yang dilirik para pemilik tahta kerajaan}

teknologi global. Setelah Tokopedia.com, kini giliran perusahaan layanan transportasi dari Gojek Indonesia yang dibanjiri dana segar USD 1,2 miliar atau sekitar Rp 15,6 triliun dari perusahaan raksasa internet asal China, Tencent. Source: Bisnis Indonesia

 _{Indofood Sukses Makmur (INDF) akan menerbitkan obligasi senilai Rp 2 triliun dengan tenor 5 tahun.}

Perusa-haan ini mendapatkan peringkat AA+ dari PT Pemeringkat Efek Indonesia (Pefido). Source: Bisnis Indonesia

 Eagle High Plantation (BWPT) akan fokus menyelesaikan pabrik pengolahan kelapa sawit (PKS) di Kabupaten

Keerom, Papua. Pabrik kesembilan perusahaan ini berkapasitas 45 ton tandan buah segar per jam atau 270.000 ton per tahun. Untuk dana investasi sendiri sekitar Rp 160 miliar, ditambah dengan beberapa fasili-tas dan pekerja sehingga mencapai Rp 200 miliar. Source: Kontan

 Mitra Adiperkasa (MAPI) membukukan pendapatan Rp 3,62 triliun di kuartal I 2017, naik 14,20% YoY. Laba

bersih tercatat di Rp 58,62 miliar melonjak 281,57% YoY. Manajemen mengungkapkan akan membuka seki-tar 200 toko tahun ini, termasuk brand Inditex seperti Zara, Massimo Duti dan Pull&Bear di Vietnam. Source: Kontan

 Perusahaan Gas Negara (Persero) (PGAS) akan membagi divided total Rp 1,82 triliun, setara Rp 75,18 per

sa-ham. Nilai total pembayaran dividen ini merupakan 45% dari laba bersih perusahan tahun lalu. Source: Kon-tan

 AKR Corporindo (AKRA) berencana ekspansi ke bisnis penjualan avtur. Perusahaan berencan menyuplai

(4)

Daily Corporate and Industry News

 Bank Tabungan Negara (Persero) (BBTN) telah menyalurkan kredit sebesar Rp 144,37 triliun untuk

pemban-gunan rumah murah bagi masyarakat berpenghasilan rendah (MBR). Hal tersebut sebagai upaya perusahaan untuk mendukung program satu jutah rumah pemerintah.

 Matahari Department Store (LPPF) meresmikan gerai terbarunya di Suncity Mall Madiun, Jawa Timur. Gerai

ke 153 ini memiliki luas 6.200 meter persegi. Source: Investor Daily

 Bank Maybank Indonesia (BNII) mengakhiri perjanjian jual beli saham bersyarat dengan Reliance Capital

Management terkait divestasi Wahana Ottomitra Multiartha (WOMF). Karenanya, saat ini Maybank tengah membuka peluang bagi calon pembeli baru. Source: Investor Daily

(5)

World Equity Indices

N O IN D IC ES

1 DOW JONES INDUS. AVG 21,169.11 17,063.08 3,526.44 20.24 15.97 17.34 2.99 3.05 5,968.96 5,968.96

2 S&P 500 INDEX 2,400.98 1,991.68 345.58 16.91 18.85 18.44 2.77 2.81 21,338.01 21,338.01

3 NASDAQ COM POSITE INDEX 6,102.72 4,574.25 1,067.93 21.33 29.89 23.12 3.61 3.73 9,460.36 9,460.36

4 S&P/TSX COM POSITE INDEX 15,943.09 13,535.54 2,386.75 18.35 21.27 16.68 1.63 1.60 2,305.03 1,678.09

5 M EXICO IPC INDEX 50,147.04 43,902.25 6,020.61 14.01 30.60 18.04 2.57 2.52 5,659.75 297.72

6 Euro Stoxx 50 Pr 3,627.88 2,678.27 360.36 11.03 21.56 15.46 1.50 1.56 3,026.84 3,321.65 7 FTSE 100 INDEX 7,447.00 5,788.74 1,005.78 16.11 34.32 14.83 1.81 1.83 1,962.49 2,535.74 8 CAC 40 INDEX 5,372.42 3,955.98 735.36 15.86 23.87 15.86 1.44 1.52 1,513.78 1,661.23 9 DAX INDEX 12,648.22 9,214.10 1,904.77 17.73 20.68 14.00 1.70 1.73 1,212.83 1,330.95 10 IBEX 35 INDEX 11,012.90 7,579.80 1,468.70 15.39 20.05 15.43 1.39 1.46 686.74 753.63 11 FTSE M IB INDEX 21,198.12 15,017.42 (248.45) (1.16) 128.97 14.81 1.12 1.17 497.12 545.54 12 AEX-Index 528.76 409.23 86.62 19.61 26.94 16.91 1.60 1.66 632.53 694.14

13 SWISS M ARKET INDEX 8,980.02 7,475.54 161.93 1.84 18.25 18.02 2.59 2.67 1,120.09 1,133.69

14 S&P/ASX 200 INDEX 5,956.52 5,051.00 580.47 10.96 22.84 16.22 1.85 1.84 1,682.12 1,245.61

15 ALL ORDINARIES INDX 5,983.20 5,131.90 559.92 10.48 28.03 16.53 1.82 1.81 1,819.64 1,347.44

16 CSI 300 INDEX 3,583.72 3,027.44 (326.61) (8.75) 15.77 13.11 2.05 2.01 24,178.75 3,508.49

17 SHANGHAI SE A SHARE INDX 3,456.92 2,910.50 (429.51) (11.59) 18.80 13.55 1.99 1.95 29,653.10 4,302.85

18 SHENZHEN SE A SHARE INDX 2,243.11 1,818.47 (431.87) (17.88) 52.98 24.00 4.72 4.66 22,506.17 3,265.79

19 HANG SENG INDEX 24,773.80 19,594.61 2,769.48 12.64 10.69 12.26 1.17 1.18 15,631.62 2,008.79

20 HANG SENG CHINA ENT INDX 10,698.28 8,175.96 426.99 4.42 7.25 8.14 0.95 0.93 4,609.45 592.35

21 S&P BSE SENSEX INDEX 30,184.22 25,057.93 4,008.67 15.35 19.28 17.96 2.81 2.86 50,792.30 790.78

22 Nifty 50 9,367.15 7,678.35 1,413.55 17.79 20.73 17.75 2.67 2.73 65,996.38 1,027.49

23 JAKARTA COM POSITE INDEX 5,726.53 4,690.56 1,076.44 23.44 26.88 16.19 2.35 2.35 6,194,049.54 464.25

24 JAKARTA LQ-45 INDEX 950.75 799.21 150.95 19.06 17.14 17.80 2.85 2.88 4,099,876.10 307.29

25 KARACHI 100 INDEX 50,886.80 35,317.56 16,467.33 50.18 9.01 11.26 1.59 1.65 8,354.42 79.72

26 NIKKEI 225 19,668.01 14,864.01 411.99 2.16 20.15 16.96 1.70 1.76 345,356.35 3,069.02

27 NIKKEI 300 INDEX 314.78 239.50 (2.46) (0.79) 16.69 13.56 1.36 1.40 395,040.64 3,510.54

28 TOPIX INDEX (TOKYO) 1,578.51 1,192.80 3.00 0.19 16.60 14.04 1.31 1.36 582,167.94 5,173.45

29 FTSE Bursa M alaysia KLCI 1,784.79 1,611.88 66.16 3.91 17.98 16.59 1.78 1.80 1,061.60 245.23

30 S&P NZX All Index 1,427.66 1,243.04 138.09 11.34 19.80 17.76 1.88 1.94 114.14 78.31

31 PSEi - PHILIPPINE SE IDX 8,118.44 6,499.00 803.67 11.56 20.04 18.86 2.47 2.49 9,346.04 187.03

32 Straits Times Index STI 3,239.76 2,703.48 345.89 12.00 13.26 14.81 1.14 1.16 513.97 366.96

33 KOSPI INDEX 2,241.24 1,892.75 279.93 14.27 14.72 9.74 0.94 0.98 1,395,662.46 1,229.52

34 TAIWAN TAIEX INDEX 9,979.91 7,999.98 1,629.58 19.54 13.82 13.96 1.44 1.46 29,377.60 973.74

35 STOCK EXCH OF THAI INDEX 1,600.79 1,343.13 285.03 22.13 21.94 15.32 1.71 1.69 15,512.37 447.87

36 THAI SET 50 INDEX 1,009.23 850.23 185.46 22.80 19.86 14.85 1.77 1.77 9,853.28 284.48

37 HO CHI M INH STOCK INDEX 732.87 597.68 142.99 24.69 12.53 14.02 1.72 1.69 1,757,730.18 77.30

2015 2016E _{C urrency}D o main USD

LOW P OIN T % 2015 2016E

A sia/ P acific A merica

52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)

Euro pe

(6)

LQ45

H IG H L O W P O IN T % 2 0 1 5 2 0 1 6 E 2 0 1 5 2 0 1 6 E 1 A A L I IJ 1 4 ,1 0 0 1 7 ,9 5 0 1 3 ,1 2 6 (1 ,0 0 3 ) (6 .6 4 ) 4 0 .3 2 1 3 .9 9 2 .2 1 1 .5 5 2 7 ,1 3 8 .1 1 2 A D H I IJ 2 ,1 6 0 2 ,9 0 0 1 ,8 3 0 2 0 0 .9 3 1 4 .0 8 1 3 .0 5 1 .4 8 1 .2 5 7 ,6 9 1 .4 3 3 A D R O IJ 1 ,6 1 5 1 ,9 4 0 6 5 5 1 ,1 0 0 2 1 3 .5 9 7 .7 9 9 .3 1 0 .4 1 1 .1 2 5 1 ,6 5 7 .3 3 4 A K R A IJ 6 ,3 0 0 7 ,1 0 0 5 ,4 0 0 (8 7 5 ) (1 2 .2 0 ) 2 7 .3 1 2 0 .3 5 4 .6 5 3 .2 5 2 5 ,2 0 0 .9 0 5 A N TM IJ 6 4 5 1 ,0 0 5 6 1 5 3 3 1 1 0 5 .4 1 - 5 6 .2 5 0 .4 1 0 .8 6 1 5 ,4 9 9 .8 4 6 A S II IJ 8 ,8 0 0 9 ,3 5 0 6 ,0 0 0 2 ,8 0 0 4 6 .6 7 1 6 .7 8 1 8 .0 9 2 .3 8 2 .8 8 3 5 6 ,2 5 5 .2 7 7 A S R I IJ 3 3 8 5 8 5 3 3 2 (5 ) (1 .4 6 ) 1 2 .0 8 7 .8 3 1 .0 4 0 .8 5 6 ,6 4 1 .5 0 8 B B C A IJ 1 7 ,8 2 5 1 8 ,0 0 0 1 2 ,6 2 5 4 ,5 2 5 3 4 .0 2 1 8 .2 1 1 9 .1 8 3 .6 7 3 .4 1 4 3 9 ,4 7 5 .5 4 9 B B N I IJ 6 ,6 2 5 6 ,9 5 0 4 ,2 7 0 1 ,6 3 5 3 2 .7 7 1 0 .2 6 9 .2 3 1 .2 1 1 .3 0 1 2 3 ,5 4 7 .3 5 1 0 B B R I IJ 1 3 ,9 2 5 1 3 ,9 2 5 9 ,5 2 5 2 ,5 0 0 2 1 .8 8 1 1 .0 9 1 2 .2 5 2 .4 8 2 .1 0 3 4 3 ,5 1 8 .0 8 1 1 B B TN IJ 2 ,3 5 0 2 ,3 9 0 1 ,5 6 0 1 ,0 5 5 8 1 .4 7 7 .4 0 8 .4 7 0 .9 9 1 .1 5 2 4 ,8 8 6 .5 0 1 2 B M R I IJ 1 1 ,7 0 0 1 2 ,4 2 5 8 ,6 5 0 2 ,4 5 0 2 6 .4 9 1 0 .6 1 1 3 .5 2 1 .8 4 1 .6 8 2 7 3 ,0 0 0 .0 0 1 3 B U M I IJ 4 0 8 5 2 0 5 0 3 5 8 7 1 6 .0 0 - 6 .1 2 - 3 .4 0 1 4 ,9 4 3 .8 2 1 4 B S D E IJ 1 ,7 7 5 2 ,3 8 0 1 ,5 5 0 (2 5 ) (1 .3 9 ) 1 5 .9 2 1 4 .4 3 1 .8 4 1 .4 7 3 4 ,1 6 2 .8 9 1 5 C P IN IJ 3 ,1 4 0 4 ,0 2 0 2 ,8 5 0 5 4 0 2 0 .7 7 2 4 .5 5 1 5 .7 4 3 .3 4 3 .1 0 5 1 ,4 8 9 .7 2 1 6 EL S A IJ 3 4 2 6 2 0 3 4 2 9 5 3 8 .4 6 4 .8 1 #N /A N /A 0 .6 9 #N /A N /A 2 ,4 9 6 .0 9 1 7 G G R M IJ 6 8 ,0 0 0 7 7 ,9 5 0 5 9 ,2 2 5 1 3 ,0 0 0 2 3 .6 4 1 6 .4 4 1 7 .2 1 2 .7 9 2 .9 5 1 3 0 ,8 3 7 .9 8 1 8 H M S P IJ 3 ,8 7 0 4 ,2 5 0 3 ,5 6 0 1 1 0 2 .9 3 3 2 .3 0 3 3 .2 1 1 3 .6 6 1 2 .6 1 4 5 0 ,1 5 0 .9 6 1 9 IC B P IJ 8 ,6 0 0 1 0 ,2 7 5 7 ,5 5 0 1 ,8 6 2 2 7 .6 3 2 6 .1 9 2 5 .7 8 5 .0 8 5 .0 7 1 0 0 ,2 9 2 .4 1 2 0 IN C O IJ 2 ,0 5 0 3 ,6 3 0 1 ,4 9 0 4 1 5 2 5 .3 8 2 1 .2 1 3 8 .4 1 0 .6 4 0 .8 0 2 0 ,3 6 9 .4 9 2 1 IN D F IJ 8 ,4 7 5 9 ,2 0 0 6 ,8 2 5 3 ,3 0 0 6 3 .7 7 1 7 .6 6 1 6 .4 8 1 .6 7 2 .3 2 7 4 ,4 1 4 .1 1 2 2 IN TP IJ 1 6 ,2 2 5 1 9 ,4 0 0 1 4 ,2 7 5 (6 ,1 0 0 ) (2 7 .3 2 ) 1 8 .8 6 1 7 .0 6 3 .4 4 2 .1 2 5 9 ,7 2 7 .9 8 2 3 J S M R IJ 4 ,6 5 0 5 ,6 6 2 3 ,9 0 0 (5 6 3 ) (1 0 .8 0 ) 2 3 .5 9 1 7 .4 7 3 .4 1 2 .2 5 3 3 ,7 4 9 .1 0 2 4 K L B F IJ 1 ,5 7 5 1 ,8 1 5 1 ,2 9 5 2 5 5 1 9 .3 2 3 1 .0 7 2 8 .9 3 5 .9 1 5 .5 2 7 3 ,8 2 8 .3 2 2 5 L P K R IJ 7 8 5 1 ,2 1 5 6 9 0 (2 5 0 ) (2 4 .1 5 ) 4 4 .0 2 1 6 .2 3 1 .4 4 0 .9 1 1 8 ,1 1 5 .9 9 2 6 L P P F IJ 1 5 ,2 7 5 2 2 ,5 7 5 1 1 ,1 7 5 (2 ,3 2 5 ) (1 3 .2 1 ) 2 8 .8 5 2 0 .0 2 4 6 .4 3 1 4 .8 8 4 4 ,5 7 1 .2 0 2 7 L S IP IJ 1 ,3 7 0 1 ,9 0 5 1 ,3 3 0 5 0 3 .7 9 1 4 .5 1 1 1 .9 6 1 .2 3 1 .1 4 9 ,3 4 7 .3 2 2 8 M N C N IJ 1 ,9 0 0 2 ,3 7 0 1 ,4 7 0 4 5 2 .4 3 2 1 .9 0 1 5 .0 6 2 .8 9 2 .4 5 2 7 ,1 2 4 .6 0 2 9 EX C L IJ 3 ,1 8 0 3 ,9 5 0 2 ,0 3 0 (4 2 0 ) (1 1 .6 7 ) - 7 5 .5 3 2 .2 1 1 .5 5 3 3 ,9 8 7 .7 1 3 0 M YR X IJ 1 3 5 1 9 2 1 0 8 8 6 .3 0 1 1 1 .7 0 1 0 5 .0 6 8 .9 2 1 8 4 .9 3 1 0 ,6 2 7 .0 9 3 1 P G A S IJ 2 ,4 2 0 3 ,5 2 0 2 ,1 7 0 (3 2 5 ) (1 1 .8 4 ) 1 1 .9 6 1 0 .6 7 1 .5 9 1 .3 4 5 8 ,6 6 4 .4 5 3 2 P TB A IJ 1 1 ,8 7 5 1 4 ,2 0 0 6 ,1 2 5 7 ,3 5 0 1 6 2 .4 3 4 .8 2 8 .9 2 1 .0 4 2 .0 8 2 7 ,3 6 1 .5 7 3 3 P TP P IJ 2 ,7 0 0 4 ,6 1 0 2 ,6 9 0 (9 8 3 ) (2 6 .6 9 ) 2 5 .4 0 1 1 .6 8 4 .2 5 1 .5 6 1 6 ,7 3 9 .7 2 3 4 P W O N IJ 6 7 5 7 6 5 4 8 2 1 7 9 3 6 .0 9 1 8 .9 3 1 5 .9 5 3 .3 1 3 .0 2 3 2 ,5 0 7 .7 3 3 5 S C M A IJ 2 ,8 1 0 3 ,5 5 0 2 ,1 3 0 (2 9 0 ) (9 .3 5 ) 2 9 .6 5 2 2 .8 0 1 4 .4 1 1 0 .0 4 4 1 ,0 8 6 .7 0 3 6 P P R O IJ 2 3 2 3 7 2 7 0 1 8 8 4 2 7 .2 7 7 .0 9 2 9 .9 4 0 .9 9 - 1 4 ,3 0 9 .5 2 3 7 S M G R IJ 8 ,6 5 0 1 1 ,8 7 5 8 ,0 5 0 (2 ,7 5 0 ) (2 4 .1 2 ) 1 4 .9 5 1 3 .6 4 2 .5 6 1 .6 6 5 1 ,3 0 7 .6 5 3 8 S M R A IJ 1 ,3 8 5 1 ,9 7 0 1 ,2 2 5 (2 6 5 ) (1 6 .0 6 ) 2 7 .9 0 4 4 .1 9 3 .9 6 2 .8 7 1 9 ,9 8 1 .0 9 3 9 S R IL IJ 3 1 4 4 9 6 2 0 4 (7 5 ) (1 9 .2 8 ) 9 .4 6 - 1 .8 9 - 5 ,8 3 8 .1 7 4 0 S S M S IJ 1 ,6 5 0 1 ,9 2 0 1 ,3 0 0 (3 0 0 ) (1 5 .3 8 ) 3 7 .3 6 2 1 .4 3 6 .1 6 3 .9 4 1 5 ,7 1 6 .2 5 4 1 TL K M IJ 4 ,3 7 0 4 ,5 5 0 3 ,5 2 5 1 ,2 9 3 4 2 .0 2 1 9 .5 1 1 9 .2 0 4 .0 2 4 .5 2 4 4 0 ,4 9 5 .9 8 4 2 U N TR IJ 2 5 ,0 5 0 2 9 ,4 5 0 1 2 ,5 5 0 8 ,1 0 0 4 7 .7 9 1 6 .4 0 1 4 .5 5 1 .6 7 2 .0 8 9 3 ,4 3 9 .8 9 4 3 U N V R IJ 4 5 ,4 2 5 4 7 ,8 0 0 3 7 ,8 2 5 8 ,4 2 5 2 2 .7 7 4 8 .2 6 4 8 .3 1 5 8 .4 8 6 2 .8 9 3 4 6 ,5 9 2 .7 5 4 4 W IK A IJ 2 ,2 3 0 3 ,1 3 9 2 ,0 3 7 (2 1 5 ) (8 .7 9 ) 2 5 .7 4 1 5 .8 2 3 .7 1 1 .5 3 2 0 ,0 0 2 .9 9 4 5 _{W S K T IJ} 2 ,2 9 0 2 ,8 6 0 2 ,1 2 0 6 2 0 3 7 .1 3 2 0 .6 6 1 2 .9 0 2 .3 7 1 .9 5 3 1 ,0 8 3 .7 9 M A R K ET C A P (B n ) L Q 4 5 In d e x 4 -M ay-1 7 5 2 -W EEK C H A N G E Y TD P ER (x ) P B V (x )

(7)

Macro data

D escriptio n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%) Property 0.37 (2.77) (1.34) (4.30) Basic Industry 0.83 (1.47) (2.08) 12.33 Trade (0.51) (2.60) (1.01) 5.18 Finance 1.28 0.74 2.44 11.42 M iscellaneous Industry (0.54) (2.13) 0.31 8.43 Consumer 0.37 0.15 (0.44) 5.89 Infrastructure 0.65 (1.23) 1.41 7.83 Agriculture (1.21) (1.66) (4.15) (3.80) M ining (1.55) (5.98) (8.04) 4.19 A pr-17 M ar-17 1.28 7.75 4.17 3.61 0.09 -0.02 121.81 119.86 -1.77 4.94 5.01 F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%) USD/IDR 13,336.00 (0.06) (0.12) 1.03 USD/CNY 6.90 0.04 (0.13) 0.71 USD/EUR 0.91 0.07 (2.86) (4.17) USD/JPY 112.62 (0.14) (1.70) 3.85 USD/SGD 1.40 0.01 0.06 3.31 USD/AUD 1.35 0.05 2.21 (2.75) USD/GBP 0.77 0.01 (3.41) (4.48) (in %) 7.12 0.68 1.46 6.70 7.06 7.47 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) Inflation M oM (in %) Foreign Reserves (in USD bn) GDP Growth QoQ (in %) GDP Growth YoY (in %)

Secto rs

Eco no mic Indicato rs

Inflation YTD (in %) Eco no mic P arameters Inflation YoY (in %)

(8)

Upcoming IPO

Dividend

Rights Issue

2016 2017 APBNP RAPBN GDP Growth (%, YoY) _5,2% _5,3%

Exchange rate (USD/IDR) ₁₃₅₀₀ ₁₃₃₀₀

Inflation (%, YoY) _4% _4%

3 Months SPN (%) _5,5% _5,3%

Indonesian Crude Oil (USD/barrel) ₄₀ ₄₅

Oil Lifting ( thousands barrel/day) ₈₂₀ ₇₈₀

Gas Lifting (thousands, BOE/day) _1.11 _1.15

Total State Budget (in IDR trillion) ₁₇₈₆ ₁₇₃₇

INDICATOR

Stock DPS (Rp) Status Cum Date Ex Date Recording Payment

XCID 1.4833 Cash 02/03/2017 _03/03/2017 _07/03/2017 21/03/2017

BJTM 43.64 Cash 07/02/2017 08/02/2017 10/02/2017 02/03/2017

Ticker Price (Rp) Cum Date EX Date Trading

BKSL 3 : 5 112 30/03/2017 31/03/2017 06/04/2017 - 12/04/2017 PPRO 30/03/2017 31/03/2017 06/04/2017 - 12/04/2017 LEAD 07/03/2017 08/03/2017 15/03/2017 - 21/03/2017 POOL 1 : 4 250 06/03/2017 07/03/2017 13/03/2017 - 17/03/2017 RIMO 597 : 5 101 06/03/2017 07/03/2017 13/03/2017 - 17/03/2017 BPFI 100 : 613 284 02/03/2017 03/03/2017 09/03/2017 - 15/03/2017 LEAD 27/02/2017 28/02/2017 08/03/2017 - 14/03/2017 PSKT 3 : 5 100 09/02/2017 10/02/2017 16/02/2017 - 22/02/2017 BULL 1 : 1 100 06/01/2016 07/02/2017 13/02/2017 - 21/02/2017 Ratio

State Budget

Company Business IPO Price

(Rp)

Issued Shares (Mn)

(9)

These recommendations are based on technical indicators and are suitable for daily trading purposes.

TICKER REC PRICE ENTRY EXIT S2 S1 R1 R2 EXPLANATION

AALI Sell 14,100 14,100 14,025 13,950 14,025 14,200 14,300 Macd : downtrend

LSIP BoW 1,370 1,355 1,380 1,335 1,355 1,380 1,405 Stoc osc : downtrend

BWPT Sell 296 296 292 288 292 304 312 Macd : downtrend

BMRI BoW 11,700 11,625 11,800 11,525 11,625 11,800 11,925 Inverted hammer

BBRI Buy 13,925 13,925 14,150 13,500 13,700 14,150 14,350 Long white candle

BBCA BoW 17,825 17,750 17,950 17,650 17,750 17,950 18,100 White spinning top

BBNI Buy 6,625 6,625 6,700 6,325 6,475 6,700 6,775 Long white candle

BBTN Buy 2,350 2,350 2,380 2,280 2,320 2,380 2,430 Macd : reversal

BJTM BoW 665 655 680 640 655 680 700 Black spinning top

BJBR BoW 2,000 1,990 2,020 1,950 1,990 2,020 2,050 Macd : neutral

INDF BoW 8,475 8,425 8,525 8,375 8,425 8,525 8,625 Long legged doji

ICBP BoW 8,600 8,500 8,700 8,350 8,500 8,700 8,850 White spinning top

GGRM Buy 68,000 68,000 68,350 67,400 67,900 68,350 68,600 Hammer

UNVR BoW 45,425 45,150 45,625 44,800 45,150 45,625 46,150 Stoc osc : reversal

CPIN BoW 3,140 3,110 3,170 3,080 3,110 3,170 3,220 White spinning top

ASII Sell 8,800 8,800 8,700 8,600 8,700 8,900 9,150 Black spinning top

SMGR BoW 8,650 8,550 8,725 8,450 8,550 8,725 8,850 Doji

INTP BoW 16,225 16,100 16,350 15,900 16,100 16,350 16,550 Rsi : neutral

SMCB BoW 880 870 890 850 870 890 910 Doji

TLKM BoW 4,370 4,350 4,390 4,320 4,350 4,390 4,420 White spinning top

PGAS Buy 2,420 2,420 2,450 2,370 2,390 2,450 2,490 Rsi : uptrend

JSMR BoW 4,650 4,620 4,690 4,580 4,620 4,690 4,730 White spinning top

TBIG BoW 5,875 5,750 5,975 5,600 5,750 5,975 6,150 Black spinning top

MAPI BoW 6,350 6,250 6,500 6,125 6,250 6,500 6,650 White spinning top

RALS BoW 1,305 1,265 1,345 1,225 1,265 1,345 1,385 Rsi : downtrend

ACES Buy 950 950 970 920 940 970 1,010 Stoc osc : reversal

MPPA Sell 880 880 860 840 860 895 915 Macd : downtrend

PTBA Sell 11,875 11,875 11,650 11,450 11,650 12,100 12,300 Long black candle

ADRO BoW 1,615 1,600 1,630 1,580 1,600 1,630 1,650 Macd : downtrend

ITMG BoW 18,475 18,150 18,600 17,800 18,150 18,600 18,800 Rsi : reversal

ANTM Sell 645 645 630 615 630 660 680 Three black candle

TINS BoW 910 895 935 880 895 935 945 Rsi : reversal

UNTR Sell 25,050 25,050 24,925 24,650 24,925 25,350 25,800 Macd : downtrend

ASRI BoW 338 334 342 330 334 342 346 Doji

LPKR BoW 785 775 795 760 775 795 815 Rsi : neutral

CTRA BoW 1,230 1,215 1,250 1,190 1,215 1,250 1,280 Rsi : reversal

APLN BoW 206 202 208 200 202 208 212 Macd : downtrend

SMRA Buy 1,385 1,385 1,410 1,355 1,370 1,410 1,425 Rsi : reversal

SSIA BoW 750 735 760 720 735 760 785 White spinning top

BSDE BoW 1,775 1,750 1,810 1,720 1,750 1,810 1,840 White spinning top

PTPP Sell 2,700 2,700 2,640 2,580 2,640 2,750 2,810 Three black candle

WSKT Sell 2,290 2,290 2,270 2,250 2,270 2,310 2,340 Gravestone doji

WIKA Sell 2,230 2,230 2,190 2,150 2,190 2,260 2,300 Stoc osc : downtrend

ADHI BoW 2,160 2,140 2,190 2,120 2,140 2,190 2,220 Gravestone doji

MINING

PROPERTY & CONSTRUCTION AGRICULTURE

Finance

CONSUMER GOODS

BASIC & MISC Industry

INFRASTRUCTURE

RETAIL

Trading View

(10)

Picks of The Day

BBNI : Trading Buy

BBNI memiliki indikator Stoc osc , MACD dan Rsi yang mengindikasikan pola Uptrend. BBNI berhasil menembus Resistance pada level harga 6625 dan

terbuka peluang untuk mencoba level Resistance pada level 6700 dalam jangka pendek. Trading Range : 6550— 6775.

Fundamental :

LPPF : Trading Buy

LPPF memiliki indikator Stoc osc , MACD dan Rsi yang mengindikasikan pola Uptrend. LPPF berhasil menembus Resistance pada level 15150 dan

ter-buka peluang untuk mencoba level Resistance pada level 15500 dalam jangka pendek, Trading range : 14875 — 15850.

Fundamental :

Friday, May 05, 2017

C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May

4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800 6,000 6,200 6,400 6,600 6,800 BBNI - Daily 5/4/2017 4:14:05 PM Open 6400, Hi 6625, Lo 6400, Clos e 6625 (3.5%)MA(Clos e,50)= 6,410.00

6,625

6,410

-100 0 100 200 BBNI -MACD(12,26)= 5.38,Signal(12,26,9)= -13.13

5.37618

-13.1332

20 80 BBNI -Stoch %K(15,3)= 71.70,Stoch %D(15,3,3)= 58.91

71.697 58.9091 30 70 BBNI -RSI(15)= 59.39 59.3888

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May 11,000

12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 LPPF - Daily 5/4/2017 4:12:03 PM Open 15000, Hi 15300, Lo 14975, Clos e 15275 (2.7%)MA(Clos e,50)= 13,685.50

15,275

13,685.5

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May -1,000

-500 0 500 LPPF -MACD(12,26)= 330.08,Signal(12,26,9)= 118.85 330.077 118.849 20 80 LPPF -Stoch %K(15,3)= 89.83,Stoch %D(15,3,3)= 83.67 89.8298 83.6687 30 70 LPPF -RSI(15)= 68.53 68.5306

(11)

Picks of The Day

BSDE : Buy on Weakness

BSDE memiliki indikator Rsi mengindikasikan pola Uptrend, BSDE belum berhasil menembus Resistance di level harga 1820 sehingga terbuka peluang

untuk menguji Support dalam jangka pendek pada level harga 1750 Trading Range : 1720 — 1850.

Fundamental :

CTRA : Trading Buy

CTRA memiliki indikator Stoc osc, Macd, dan Rsi mengindikasikan pola Uptrend, CTRA berhasil menembus Resistance di level harga 1235 sehingga

terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 1280 Trading range : 1215 — 1320.

Fundamental :

1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 2,000 2,050 2,100 2,150 2,200 2,250 2,300 2,350 2,400 BSDE - Daily 5/4/2017 4:09:07 PM Open 1765, Hi 1810, Lo 1750, Clos e 1775 (0.6%)MA(Clos e,50)= 1,819.10

1,775

1,819.1

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May -100

-50 0 50 BSDE -MACD(12,26)= -12.78,Signal(12,26,9)= -8.80

-12.7753

-8.80338

20 80 BSDE -Stoch %K(15,3)= 21.48,Stoch %D(15,3,3)= 24.16

21.4815 24.1564 30 70 BSDE -RSI(15)= 43.14 43.1407

1,100 1,150 1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 CTRA - Daily 5/4/2017 4:14:00 PM Open 1175, Hi 1235, Lo 1170, Clos e 1230 (4.2%)MA(Clos e,50)= 1,266.00

1,230

1,266

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May -50

0 50 CTRA -MACD(12,26)= -3.21,Signal(12,26,9)= -3.65

-3.20883

-3.6519

20 80 CTRA -Stoch %K(15,3)= 52.93,Stoch %D(15,3,3)= 62.78

52.9287 62.7818 30 70 CTRA -RSI(15)= 47.74 47.7429

(12)

Equity Research Team HEAD OF RESEARCH Evan Lie Hadiwidjaja

Banking, Telecommunication, Automotive Tel: +62 21 3925550 Ext: 610

[email protected]

SENIOR EQUITY ANALYST James Wahjudi

Property, Coal & Mining Tel: +62 21 3925550 Ext: 611

[email protected] EQUITY ANALYST

Wilbert

Consumer Goods, Tobacco, Plantation Tel: +62 21 3925550 Ext: 611 [email protected] EQUITY ANALYST Henny Indrawati Construction, Cement Tel: +62 21 3925550 Ext: 610 [email protected] EQUITY ANALYST Adrian Lorenzo

Retail, Media, Healthcare Tel: +62 21 3925550 Ext: 610 [email protected] TECHNICAL ANALYST Eddy Wijaya Tel: +62 21 3925550 Ext: 159 [email protected] Sinarmas Land Plaza Tower III, 6th Floor.

Jl. M. H. Thamrin No. 51 Jakarta 10350, Indonesia Tel: +62 21 392 5550 Fax: +62 21 392 5540 [email protected] www.sinarmassekuritas.co.id PT Sinarmas Sekuritas 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 and are subject to change without notice. For further information please contact our number +62 21 392 5550 or fax +62 21 392 2320.