Daily Insight. Market Update. your reliable partner # Thursday, June 8 th 2017

(1)

Daily Insight

Thursday, June 8

th

₂₀₁₇

Market Update

IHSG diprediksi akan bergerak mixed pada hari ini. Pasar

saham Eropa ditutup turun karena harga minyak turun dan

investor tetap berhati-hati menjelang acara politik

sedangkan pasar Amerika ditutup naik kemarin karena

investor berharap kesaksian dari mantan kepala FBI James

Comey akan kurang merusak nama Presiden Donald Trump

daripada yang sebelumnya ditakuti. Harga minyak mentah

berjangka naik tipis pagi ini menyusul kerugian besar pada

sesi sebelumnya setelah data resmi menunjukkan bahwa

persediaan A.S. meningkat untuk pertama kalinya dalam 10

minggu.

Pasar saham Korea, Jepang dan Australia dibuka mixed pagi

ini. Inflasi Tiongkok diperkirakan mengalami kenaikan.

Dari dalam negeri, Kementerian Keuangan (Kemenkeu)

memutuskan untuk mengubah besaran minimal saldo

nasabah yang wajib dilaporkan bank kepada Direktorat

Jenderal Pajak dari semula Rp 200 juta menjadi Rp 1 miliar.

7-Jun-17

Daily

Yt d

Dow Jones

21,173.69

0.2%

7.1%

S&P 500

2,433.14

0.2%

8.7%

Nasdaq

6,297.38

0.4%

17.0%

FTSE 100

7,478.62

-0.6%

4.7%

DAX

12,672.49

-0.1%

10.4%

CAC 40

5,265.53

-0.1%

8.3%

Hang Seng

25,974.16

-0.1%

18.1%

Nikkei

19,984.62

0.0%

4.6%

Kospi

2,360.14

#VALUE!

16.5%

Shanghai Comp

3,140.33

1.2%

All Ordinaries

4,086.98

-0.5%

5.5%

EIDO

26.96 -0.1%

11.7%

Idn CDS 5yr USD

120.04 -0.3%

-24.0%

MSCI Emerging Mkt

1,015.75

0.0%

17.8%

CBOE SPX Volatility

10.39 -0.6%

-26.0%

US Dollar Index

96.75 0.1%

-5.3%

Co mmo dit ies (USD)

7-Jun-17

Daily

Yt d

Coal

78.80 1.6%

1.8%

CPO (MYR)

2,707.00

-1.1%

-15.9%

Crude Oil

45.72 -5.1%

-14.9%

Gold

1,287.15

-0.6%

12.2%

Copper

255.15 0.2%

1.8%

Nickel

8,764.50

-0.7%

-12.1%

Tin

19,400.00

-1.8%

-8.5%

HRC Steel

589.00 0.0%

-7.0%

Corn

384.75 2.0%

9.3%

Soybean

930.75 0.8%

-6.6%

Indo nesia

7-Jun-17

Daily

Yt d

USDIDR

13,303.00

0.0%

-1.3%

IHSG

5,717.33

0.2%

7.9%

LQ45

959.26 0.3%

8.4%

ISSI

182.13 0.1%

5.8%

JII

735.43 0.3%

5.9%

Finance

928.73 0.5%

14.4%

Property

483.74 0.4%

-6.6%

Consumer

2,513.67

0.0%

8.1%

Misc Indust

1,491.02

0.2%

8.8%

Basic Indust

608.13 0.1%

13.0%

Mining

1,406.67

0.8%

1.6%

Agriculture

1,786.42

-0.2%

-4.2%

Trading

902.47 -0.5%

4.9%

Infrastructure

368.79 -0.1%

8.1%

Indo nesia St o ck

7-Jun-17

Yt d

Foreign Net Buy (Sell)

(188.17)

20,626

(bn Rp)

Value Shares Traded

4,272.98

(bn Rp)

Volume Shares Traded

4,875.19

(mn shares)

Go vt Bo nd Yield (%)

7-Jun-17

Chg

Indonesia 10yr IDR

6.946 (0.001)

Indonesia 10yr USD

3.610

0.003 US Treasury 10yr

2.180 (0.040)

(2)

your

reliable

partner

| ‹#›

Daily News:

Sariguna Primatirta (CLEO): Perseroan mencatatkan penjualan bersih Rp523,93 miliar hingga periode 31

Desember 2016 naik dibandingkan penjualan bersih Rp366,45 miliar di periode sama tahun sebelumnya. (Iqp)

PT PP (PTPP): Perseroan berhasil memperoleh kontrak baru sampai dengan akhir Mei 2017 sebesar Rp.

12,6triliun. Pencapaian pada bulan Mei mencerminkan kenaikan sebesar 77% dibandingkan dengan periode

yang sama tahun sebelumnya sebesar Rp. 7,1 triliun. (Iqp)

Samudera Indonesia (SMDR): Perseroan meluncurkan kapal Sabuk Nusantara 106. Kapal perintis tipe 1.200 GT

itu merupakan pesanan dari Direktorat Jenderal Perhubungan Laut, Kementerian Perhubungan RI. Kapal perintis

yang memiliki panjang 62,8 meter, lebar 12 meter, kecepatan 12 knot, serta kapasitas 400 penumpang dan

100 ton barang ini nantinya digunakan untuk menghubungkan daerah yang tidak mampu dijangkau oleh

kapal-kapal besar. (Iqp)

Indopoly Swakarsa Industry (POLY): Perseroan berencana membuka pabrik di Amerika Serikat. Sejauh ini

Indopoly telah membuka kantor pemasaran dan anak usaha Ilene Inc yang berlokasi di Chicago, Illinois,

Amerika Serikat (AS) guna meraih lebih banyak pelanggan baru dari Amerika Utara dan Selatan. (Iqp)

Sarana Menara Nusantara (TOWR): RUPST Perseroan memutuskan untuk membagikan dividen tunai sebesar

Rp700 miliar dari laba bersih 2016 atau Rp68,6 per lembar saham. Total dividen sebesar Rp700 miliar tersebut

setara dengan 24 persen dari laba bersih 2016. (Iqp)

Nirvana Development (NIRO): Anak usaha Perseroan yakni Pt Nirvana Wastu Pratama (NWP) dan PT Nirvana

Wastu Kencana (NWK) membeli 100% saham PT Primerindo Kencana pada 3 Juni 2017. NWP membeli sebanyak

29.700 lembar saham Primerindo Kencana sedangkan 300 saham dibeli oleh NWK sehingga totalnya mencapai

30.000 saham. Harga pembelian 30.000 saham yakni sebesar Rp48.766.488.732. (Iqp)

Bank Woori Indonesia 1906 (SDRA): akan melakukan Penambahan Modal Dengan Hak Memesan Efek Terlebih

Dahulu II (Rights Issue II) dengan menawarkan sebanyak 1.508.569.594 saham baru dengan nominal Rp100

atau sebesar 22,92% dari total modal ditempatkan dan disetor. 1 HMETD berhak membeli 1 saham baru

dengan harga Rp875 per lembar. Jumlah dana yang akan diterima dalam PMHMETD II ini mencapai

Rp1.319.998.394.750. Cum dan ex di pasar reguler/negosiasi 14-15 Juni 2017 dan di pasar tunai 20-21 Juni

2017 dengan periode perdagangan HMETD 21 Juni-10 Juli 2017. (Iqp)

5-May-17

7-Jun-17 Mo M

Yt d

Misc Indust

ASII IJ Equity

8,700

8,900

2.3%

7.6%

SMSM IJ Equity

1,255

1,150

-8.4% 17.3%

Basic Indust

SMGR IJ Equity

8,800

9,200

4.5%

0.3%

INTP IJ Equity

16,400

17,975

9.6% 16.7%

CPIN IJ Equity

3,070

3,130

2.0%

1.3%

JPFA IJ Equity

1,275

1,295

1.6% -11.0%

Finance

BBTN IJ Equity

2,340

2,440

4.3% 40.2%

BBNI IJ Equity

6,575

6,475

-1.5% 17.2%

BBRI IJ Equity

13,925

14,925

7.2% 27.8%

BBCA IJ Equity

17,775

17,800

0.1% 14.8%

Consumer

UNVR IJ Equity

45,475

47,200

3.8% 21.6%

ICBP IJ Equity

8,625

8,725

1.2%

1.7%

INDF IJ Equity

8,475

8,925

5.3% 12.6%

Property

WSKT IJ Equity

2,330

2,240

-3.9% -12.2%

WIKA IJ Equity

2,290

2,230

-2.6%

-5.5%

PWON IJ Equity

685

625 -8.8% 10.6%

KIJA IJ Equity

322

328 1.9% 12.3%

Infrastructure

TLKM IJ Equity

4,340

4,320

-0.5%

8.5%

JSMR IJ Equity

4,740

5,050

6.5% 16.9%

Trading

UNTR IJ Equity

25,050

27,150

8.4% 27.8%

AKRA IJ Equity

6,450

6,300

-2.3%

5.0%

RALS IJ Equity

1,320

1,230

-6.8%

2.9%

Mining

PTBA IJ Equity

11,500

11,375

-1.1%

-9.0%

ITMG IJ Equity

18,400

17,000

-7.6%

0.7%

HRUM IJ Equity

2,360

2,170

-8.1%

1.4%

Agriculture

AALI IJ Equity

14,150

14,275

0.9% -14.9%

SIMP IJ Equity

615

585 -4.9% 18.4%

LS 27 average ret urn

0.12%

8.6%

JCI Index

5,683

5,717

0.60%

7.9%

(3)

World Economic Calendar

RUPS

Ticker Dat e Place Act ion

TIRA 8-Jun-17 Ruang Seminar Perseroan RUPSLB

TRIL 9-Jun-17 Lynt Hotel RUPSLB

FMII 9-Jun-17 Gedung Gozco RUPSLB

LMPI 9-Jun-17 Someret Surabaya Hotel RUPSLB

PTSP 9-Jun-17 Hotel Santika RUPSLB

TIRT 9-Jun-17 Hotel Gran Mahakam RUPSLB

SKYB 9-Jun-17 RUPSLB

SGRO 9-Jun-17 Sampoerna Strategic Square RUPSLB

TKIM 12-Jun-17 RUPSLB

CTTH 12-Jun-17 Ruang Seminar Bursa Efek Indonesia RUPSLB

INKP 12-Jun-17 RUPSLB

AHAP 13-Jun-17 Hotel Ibis Harmoni RUPSLB

ERAA 13-Jun-17 Ruang Seminar Bursa Efek Indonesia RUPSLB

POLY 15-Jun-17 Grand Sahid Jaya RUPSLB

BVIC 16-Jun-17 RUPSLB

BUMI 16-Jun-17 RUPSLB

MLIA 19-Jun-17 Hotel Mulia Senayan RUPSLB

RDTX 19-Jun-17 Menara Standard Chartered RUPSLB

DGIK 20-Jun-17 Sheraton Grand Jakarta Hotel Gandaria City RUPSLB

ALMI 20-Jun-17 RUPSLB

BYAN 22-Jun-17 Mercantile Athletic Club RUPSLB

HOME 22-Jun-17 Belezza Gapura Prima Office Tow er RUPSLB

INRU 23-Jun-17 East Tow er RUPSLB

Source: KSEI

Date Yield (mid)

7-Jun-17 7.14 6-Jun-17 7.15 5-Jun-17 7.16 2-Jun-17 7.16 31-May-17 7.17

Indonesia 10yr IDR Govt Bond Yield

Event Period Prior Survey Actual

07-Jun-17 EU Gross Domestic Product s.a. (QoQ) Mar 0.50% 0.50%

Gross Domestic Product s.a. (YoY) Mar 1.70% 1.70%

U S Consumer Credit Change Apr $16.43B $15.50B $8.20B

08-Jun-17 CN Imports (YoY) May 11.90% 8.50%

Trade Balance CNY May 262.3B

Exports (YoY) CNY May 14.30%

Imports (YoY) CNY May 18.60%

Trade Balance U SD May 38.05B $46.32B

Exports (YoY) May 8% 7%

EU Gross Domestic Product s.a. (QoQ) Mar 0.50% 0.50%

Gross Domestic Product s.a. (YoY) Mar 1.70% 1.70%

ECB Deposit R ate Decision Jun -0.40% -0.40%

ECB Interest R ate Decision Jun 0% 0%

U S Initial Jobless Claims Jun 248K 240K

Source: fxstreet.com

Indonesia St ock Yt d Net Foreign Net Value (Rp bn)

JASXFBAT Index Buy (Sell) (Rp bn)

7-Jun-17 (188.17) 20,625.86 6-Jun-17 (679.22)

5-Jun-17 (170.81) 2-Jun-17 (27.54)

(4)

your

reliable

partner

| ‹#›

Indonesia Government Bonds

Maturity

Price (Bid)

YTM (Bid)

Cpn

Next Coupon Issued

OR11 10/15/2017

OR12 10/15/2018

OR13 10/15/2019

SR07 3/11/2018

SR08 3/10/2019

FR28 7/15/2017

FR31 11/15/2020

FR32 7/15/2018

FR34 6/15/2021

FR35 6/15/2022

FR36 9/15/2019

FR37 9/15/2026

FR38 8/15/2018

FR39 8/15/2023

FR40 9/15/2025

FR42 7/15/2027

FR43 7/15/2022

FR44 9/15/2024

FR45 5/15/2037

FR46 7/15/2023

FR47 2/15/2028

FR48 9/15/2018

FR50 7/15/2038

FR52 8/15/2030

FR53 7/15/2021

FR54 7/15/2031

FR56 9/15/2026

FR57 5/15/2041

FR58 6/15/2032

FR59 5/15/2027

FR61 5/15/2022

FR62 4/15/2042

FR63 5/15/2023

FR64 5/15/2028

FR65 5/15/2033

FR66 5/15/2018

FR67 2/15/2044

FR68 3/15/2034

FR69 4/15/2019

FR70 3/15/2024

FR71 3/15/2029

FR72 5/15/2036

FR73 5/15/2031

FR74 8/15/2032

Source: Bloomberg

101.09

5.27

8.50 6/15/2017

10/22/2014

103.19

6.51

9.00 6/15/2017

10/21/2015

99.69

6.74

6.60 6/15/2017

10/26/2016

101.68

5.95

8.25 7/11/2017

3/11/2015

102.65

6.68

8.30 7/10/2017

3/10/2016

100.43

5.09

10.00 7/15/2017

2/24/2005

112.88

6.72

11.00 11/15/2017

6/16/2005

109.29

6.06

15.00 7/15/2017

9/1/2005

120.95

6.75

12.80 6/15/2017

1/26/2006

125.46

6.81

12.90 6/15/2017

2/16/2006

110.19

6.56

11.50 9/15/2017

4/20/2006

133.23

7.05

12.00 9/15/2017

5/18/2006

106.12

6.11

11.60 8/15/2017

8/24/2006

123.65

6.97

11.75 8/15/2017

8/24/2006

123.58

7.16

11.00 9/15/2017

9/21/2006

121.56

7.21

10.25 7/15/2017

1/25/2007

114.34

6.86

10.25 7/15/2017

2/22/2007

116.12

7.11

10.00 9/15/2017

4/19/2007

119.06

7.84

9.75 11/15/2017

5/24/2007

112.40

6.96

9.50 7/15/2017

7/19/2007

120.48

7.21

10.00 8/15/2017

8/30/2007

103.21

6.29

9.00 9/15/2017

9/27/2007

127.09

7.85

10.50 7/15/2017

1/24/2008

125.14

7.47

10.50 8/15/2017

8/20/2009

105.29

6.74

8.25 7/15/2017

7/8/2010

117.03

7.52

9.50 7/15/2017

7/22/2010

109.40

6.98

8.38 9/15/2017

9/23/2010

117.38

7.87

9.50 11/15/2017

4/21/2011

106.43

7.53

8.25 6/15/2017

7/21/2011

100.38

6.95

7.00 11/15/2017

9/15/2011

101.17

6.71

7.00 11/15/2017

10/6/2011

83.59

7.89

6.38 10/15/2017

2/9/2012

93.71

6.94

5.63 11/15/2017

8/13/2012

91.24

7.30

6.13 11/15/2017

8/13/2012

91.19

7.59

6.63 11/15/2017

8/30/2012

99.14

6.22

5.25 11/15/2017

10/25/2012

109.65

7.88

8.75 8/15/2017

7/18/2013

107.00

7.63

8.38 9/15/2017

8/1/2013

102.31

6.52

7.88 10/15/2017

8/29/2013

107.41

6.98

8.38 9/15/2017

8/29/2013

112.70

7.36

9.00 9/15/2017

9/12/2013

106.44

7.60

8.25 11/15/2017

7/9/2015

111.48

7.41

8.75 11/15/2017

8/6/2015

100.93

7.40

7.50 8/15/2017

11/10/2016

(5)

Key Statistic

Ticker

Closing Price

Change (%)

P/E (x)

P/S (x)

P/B (x)

ROA (%)

ROE (%)

11.17 AALI 14,275.00 - 11.20 1.70 1.53 10.14 16.13 BWPT 272.00 (0.73) - 3.11 1.40 (2.30) (6.15) SSMS 1,625.00 (2.11) 26.16 5.68 4.48 8.37 18.29 LSIP 1,500.00 0.67 11.14 2.27 1.28 9.73 11.92 DSNG 488.00 (0.81) 13.95 1.15 1.94 3.13 9.91 8.90 ADRO 1,600.00 (0.31) 10.33 1.44 1.19 5.97 12.08 INCO 1,880.00 1.62 - 2.26 0.77 0.51 0.61 ITMG 17,000.00 3.98 8.60 1.00 1.62 13.49 19.20 PTBA 11,375.00 2.94 9.20 1.57 2.14 14.01 24.66 27.12 AISA 1,920.00 0.52 10.77 0.97 1.57 6.48 16.23 UNVR 47,200.00 0.80 53.11 8.80 54.03 38.49 103.83 ULTJ 5,100.00 - 19.05 3.09 3.97 19.47 23.25 ICBP 8,725.00 (0.29) 27.12 2.91 5.43 12.90 21.33 KLBF 1,560.00 0.32 31.45 3.71 5.85 15.32 19.77 MYOR 2,150.00 0.94 40.04 2.98 7.42 10.81 23.45 ROTI 1,320.00 0.38 23.87 2.65 4.77 9.95 21.64 SIDO 510.00 - 15.71 2.96 2.63 16.07 17.29 22.92 ACES 975.00 (2.01) 22.92 3.28 5.19 19.76 24.26 AKRA 6,300.00 (2.70) 24.73 1.57 3.56 6.51 15.16 LPPF 14,525.00 (1.86) 20.96 4.29 - 49.83 -MAPI 6,150.00 (0.81) 40.52 0.70 3.12 2.44 8.06 MIKA 1,895.00 (0.79) 39.35 11.29 7.43 16.73 19.63 MNCN 1,900.00 (2.81) 20.82 3.85 2.80 8.87 14.36 UNTR 27,150.00 0.74 17.55 2.09 2.39 8.48 14.28 20.02 APLN 192.00 3.23 5.87 0.62 0.50 2.51 8.83 ASRI 334.00 1.21 41.68 2.55 0.90 0.81 2.21 PWON 625.00 3.31 20.40 6.05 3.33 7.24 17.57 BSDE 1,800.00 1.12 15.30 4.84 1.63 5.95 11.23 CTRA 1,120.00 (0.44) 16.10 2.67 1.62 3.38 8.75 DILD 448.00 4.67 21.04 2.21 0.87 1.93 4.30 KIJA 328.00 0.61 19.03 2.22 1.31 3.43 7.14 LPKR 630.00 (3.08) 20.02 1.40 0.75 1.63 3.98 SMRA 1,250.00 (0.79) 61.16 3.23 2.86 1.75 5.75 SSIA 635.00 (0.78) - 0.78 1.02 0.91 2.15 ADHI 2,210.00 (1.78) 24.45 0.66 1.47 1.78 6.12 PPRO 238.00 6.25 31.04 5.32 4.74 5.17 13.69 WSKT 2,240.00 (1.75) 9.62 0.73 2.77 3.89 19.50 LPCK 4,060.00 0.50 5.63 2.02 0.64 8.87 12.21 MDLN 274.00 2.24 5.17 1.22 0.50 4.92 10.28 JRPT 820.00 - 10.79 4.62 2.23 12.50 22.37 16.16 CPIN 3,130.00 1.62 24.35 1.25 3.48 8.52 14.85 INTP 17,975.00 0.14 19.44 4.47 2.48 11.73 13.23 MAIN 1,125.00 3.69 - 0.48 1.37 7.35 17.10 SMBR 3,020.00 (0.33) 114.14 19.13 9.42 6.58 8.58 SMCB 790.00 (1.86) - 0.66 0.76 (2.34) (5.69) SMGR 9,200.00 (1.08) 12.88 2.06 1.95 10.03 15.33 17.54 ASII 8,900.00 0.28 21.02 1.92 3.08 6.53 15.45 AUTO 2,440.00 0.83 24.15 0.89 1.22 3.30 5.13 SMSM 1,150.00 - 14.06 2.19 4.43 21.07 33.69 SRIL 316.00 - 7.07 0.64 1.27 6.50 19.21 13.69 BBCA 17,800.00 1.42 20.82 6.74 3.72 3.26 19.27 BBNI 6,475.00 (0.38) 10.38 2.17 1.38 2.06 14.00 BBRI 14,925.00 1.70 13.69 3.20 2.54 2.86 20.76 BBTN 2,440.00 0.83 9.50 1.37 1.35 1.39 16.21 BDMN 5,125.00 (4.21) 16.91 1.99 1.33 1.66 8.08 BMRI 12,400.00 (0.80) 20.57 2.85 1.94 1.45 10.61 BTPN 2,500.00 0.40 7.99 1.00 0.91 2.04 11.88 BBKP 635.00 - 5.23 0.54 0.61 1.09 12.77 BJTM 685.00 (2.14) 9.95 2.00 1.42 2.40 15.23 BJBR 2,230.00 - 18.62 1.92 2.24 1.21 13.31 14.14 CMNP 1,375.00 0.36 10.17 2.05 1.02 6.94 11.49 EXCL 3,410.00 2.10 - 1.71 1.71 0.46 1.42 TBIG 6,000.00 1.27 33.57 5.93 14.97 3.50 41.79 SOCI 312.00 1.96 7.81 1.27 0.56 3.97 7.39 JSMR 5,050.00 1.00 17.31 1.87 2.69 4.22 16.78 PGAS 2,390.00 - 14.14 1.47 1.33 4.41 9.40 TLKM 4,320.00 0.23 19.91 3.56 4.70 11.77 25.13 TOWR 3,700.00 0.54 13.47 7.27 3.31 13.50 32.35 To p Gainers (%) 1 2 3 4 5

PPRO DILD ITMG MAIN PWON

To p Lo ssers (%) 68 67 66 63 61

BDMN LPKR MNCN SSMS SMCB

Lo west PER 70 69 68 67 66

BWPT MDLN BBKP LPCK APLN

MISCELANEOUS INDUSTRY, MEDIAN PER=

FINANCE, MEDIAN PER=

INFRASTRUCTURE, MEDIAN PER= AGRICULTURE, MEDIAN PER=

MINING, MEDIAN PER=

CONSUMER GOODS, MEDIAN PER=

TRADING, MEDIAN PER=

PROPERTY & KONSTRUKSI MEDIAN PER=

(6)

www.reliance-securities.com, www.relitrade.com | Please see important disclosure information on the final page of this document

your

reliable

partner

| 6

Contact Us

HEAD OFFICE

RELIANCE CAPITAL BUILDING

Jl. Pluit Sakti Raya No. 27AB,

Pluit Penjaringan

Jakarta 14450

T +62 21 6617768

F +62 21 6619884

RESEARCH DIVISION

Robertus Yanuar Hardy

Research Analyst

[email protected]

Rio Adrianus, CSA

Research Analyst

[email protected]

Aji Setiawan

Associate Research Analyst

[email protected]

Shanti Dwi Jayanti

Associate Research Analyst

[email protected]

Lanjar Nafi Taulat I

Technical Research Analyst

[email protected]

EQUITY DIVISION

Jakarta - Pluit

Jl. Pluit Sakti Raya No.27AB , Pluit

Jakarta 14450

T. +62 21 6617768

F. +62 21 6619884

Jakarta – Sudirman

Menara Batavia Ground Floor

Jl.KH.Mas Mansyur Kav 126

Jakarta 10220

T. +62 21 57905455

F. +62 21 57950728

Malang

Jl. Guntur No. 19

Malang 65112

T. +62 341 347611

F. +62 341 347615

Surabaya - Gubeng

Jl. Bangka No. 22

Surabaya 60281

T. +62 31 5011128

F. +62 31 5033196

Jakarta – Kebon Jeruk

Plaza Kebon Jeruk

Jl.Raya Perjuangan Blok A/2

Jakarta 11530

T. +62 21 5324074

F. +62 21 5362157

Denpasar

Dewata Square Blok A3

Jl. LetdaTantular Renon

Denpasar 802361

T. +62 361 225099

F. +62 361 245099

Solo

Jl. Slamet Riyadi 330A

Solo 57145

T. +62 271 736599

F. +62 271 733478

Tangerang

Jl. Pahlawan Seribu Ruko BSD

Sektor 7 Blok RK kav. 9

Tangerang 15310

T. +62 21 5387495

F. +62 21 5387494

Pontianak

Jl. MT Haryono No. 6

Pontianak 78121

T. +62 561 575674

F. +62 561 575670

Bandung

Jl.Cisangkuy No.58

Bandung 40115

T. +62 22 7218200

F. +62 22 7219255

Yogyakarta

Sales Representavive Office

KP BEI Yogyakarta

T. +62 550 123

F. +62

Tasikmalaya

Ruko Tasik Indah Plaza No. 21

Jl. KHZ Mustofa No. 345

Tasikmalaya 46121

T. +62 265 345000

F. +62 265 345003

Jakarta - Centro

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

Surabaya – Diponegoro

Jl. Bogowonto 25, Darmo

Surabaya 60261

T. +62 31 5670388

F. +62 31 5610528

Balikpapan

Ruko Bukit Damai Indah Blok I, No. 3, Rt. 34

Jl. MT. Haryono, Gunung Bahagia, Balikpapan

Selatan 76114

T. +62 542 746313

F. +62 542 746317

Makassar

Jl. Latimojong RukoLatimojong Indah 46B/16

Makassar-Sulawesi Selatan

T. +62 411 363 2388

F. +62 411 361 4634

Pekanbaru

Jl. Jenderal Sudirman No. 73 (Sudirman bawah)

Pekanbaru – Riau

T. +62 761 840 2987

F. +62 761 840 2987

Medan

Jl. Teuku Amir Hamzah No. 26

Medan 20117

T. +62 61 6638592

F. +62 61 6638023

(7)

IDX CORNER & INVESTMENT GALLERY

STIE Malangkucecwara

Jl. Terusan Candi Kalasan

Malang 65142

T. +62 341 491813

F. +62 341 495619

Universitas Muhammadiyah Gresik

Jl. Sumatra 101 GKB

Gresik 61121

T. +62 31 3951414

F. +62 31 3952585

Universitas Surabaya

Jl. Raya Kalirungkut

Surabaya 60293

T. +62 31 2981203

F. +62 31 2981204

Universitas Muhammadiyah Malang

Jl. Raya Tlogomas 246

Malang 65144

T. +62 341 464318-9

F. +62 341 460782

Universitas Siliwangi Tasikmalaya

Jl. Siliwangi No. 24

Tasikmalaya 46151

T. +62 265 323685

F. +62 265 323534

Politeknik Kediri

Jl. Mayor Bismo No. 27

Kediri 64121

T +62 354 683128

F +62 354 683128

Universitas Negeri Malang

Jl. Surabaya No. 6

Malang 65145

T. +62 341 585914

F. +62 341 55288

Universitas Negeri Makassar

FakultasEkonomiGedung BT Lt. 2

Jl. A. P. Pettarani, Kampus UNM, Gunungsari

Baru

Makassar 90222

T. +62 411 889464, 881244

F. +62 411 887604

Universitas Muhammadiyah Pontianak

Jl. Ahmad Yani, No. 111

Pontianak 78124

T. +62 561 743465

F. +62 561 766840

STIE AAS

Jalan Slamet Riyadi No 361

Kartasura, Surakarta

T. +62 271 726156

F. +62 271 726156

Universitas Tanjungpura Pontianak

Jl. Jendral Ahmad Yani

Pontianak 78124

T. +62 561 743465

F. +62 561 766840

STIE "AUB" Surakarta

Jl. Mr. Sartono 97, Cengklik

Nusukan, Surakarta 57135

T. +62 271 854803

F. +62 271 853084

STIESIA Surabaya

Jl. MenurPumpungan 30

Surabaya

T. +62 31 5947505

F. +62 31 5932218

Universitas Muhammadiyah Sidoarjo

Jl. Majapahit 666 B

Sidoarjo, JawaTimur

T. +62 31 8945444

F. +62 31 8949333

Universitas Pesantren Tinggi Darul Ulum

Kompleks Pp Darul Ulu, Peterongan

Jombang, JawaTimur 60281

T. +62 321 873655

F. +62 321 875771

STIE Tri Bhakti

Jl. Teuku Umar No.24

Cut Meutia Setiakawan, Bekasi

T. +62 21 8242 9400, 8242 9500

F. +62 271 726156

STIKOM BALI

JL. Raya Puputan No. 86, Renon, Denpasar

Timur, kota Denpasar

Bali-80234

T. +62 361 244445

STIKOM BALI

JL. Raya Puputan No. 86, Renon, Denpasar

Timur, kota Denpasar

Bali-80234

T. +62 361 244445

Universitas 17 Agustus 1945 Banyuwangi

Jl. AdiSucipto 26

Banyuwangi, JawaTimur

T. +62 333 419163

F. +62 333 419163

Disclaimer:

Information, opinions and recommendations contained in this document are presented by PT Reliance Sekuritas Indonesia

Tbk. from sources that are considered reliable and dependable. This document is not an offer, invitation or any kind of

representations to decide to buy or sell stock. Investment decisions taken based on this document is not the responsibility of

PT Reliance Sekuritas Indonesia Tbk. PT Reliance Sekuritas Indonesia Tbk. reserves the right to change the contents of this

document at any time without prior notice.