Previous Day:
Pada penutupan perdagangan hari Jumat (20/9), IHSG
turun sebanyak 86,905 poin (-1,86%) ke level
4,583.828. Ada sebanyak 87 saham yang naik, 178
sa-ham yang mengalami koreksi, dan 89 sasa-ham yang
stag-nan. Total perdagangan hari ini sebanyak Rp 6,02
tril-iun. LQ45 turun 2,50 poin (-2,50%) ke level 773,934.
Sektor-sektor perdagangan di zona hijau adalah sektor
consumer goods naik 0,1%. Sektor-sektor perdagangan
di zona merah adalah sektor keuangan turun 2,9%,
sek-tor industri dasar turun 4,4%, dan seksek-tor aneka industri
turun 2,4%. Foreign nett sell sebesar Rp 75,90 miliar.
Indeks Komposit Shanghai menguat 0,29%. Indeks
Straits Times anjlok 0,29%. Indeks Hang Seng melonjak
1,67%. Indeks Nikkei melemah 0,16%.
Today’s Market:
Secara teknikal indeks hari Senin (23/9), prediksi IHSG
akan bergerak melemah di kisaran 4520-4615. Pemilihan
umum di Jerman yang dimenangkan oleh Angela Merkel
akan memberikan sentimen positif terhadap indeks.
Se-lain itu, data PMI China yang akan dirilis nanti yang
dies-timasi berada pada level 50,9 akan memberikan
senti-men terhadap indeks. Dari AS, masalah debt ceiling yang
masih dibahas turut memberikan sentimen terhadap
indeks.
DH
DAILY RESEARCH
Monday, September 23, 2013
C lo s ing JCI 4,583.83Transac tion Value (Rp tn) 6.230
Transac tion Volume (mn shares) 7,628
Foreign Net Buy (Sell) (Rp bn) (75.90)
Foreign Net Buy (Sell) YTD (Rp tn) (6.79)
as percentage of last year's (1.38)
Total Market Capitalization (Rp tn) 4,202.79
C lo s ing 1 D a y R e t urn % Y T D C ha nge % 4,583.83 (1.86) 6.2 773.93 (2.50) 5.3 26.43 (5.44) (12.7) 25.45 (5.14) (11.1) 15,451.09 (1.19) 17.9 1,709.91 (0.72) 19.9 3,774.73 (0.39) 25.0 6,596.43 (0.44) 11.8 14,742.42 (0.16) 41.8 23,502.51 1.67 3.7 3,237.53 (0.29) 2.2 1,801.83 0.50 6.7 F O R E X C ha nge Y T D C ha nge % USD/IDR 215.20 (11.3) EUR/IDR 58.32 (13.5) JP Y/IDR 0.71 0.8 SGD/IDR 19.60 (9.4) A UD/IDR (11.46) (3.1) GB P /IDR 37.54 (10.6) P ric e 1 D a y R e t urn % Y T D C ha nge %
CRUDE OIL (USD) / B A RR 104.67 (0.08) 14.0
COA L (USD) / M T 78.30 0.45 (13.1)
NA TURA L GA S (USD) / m 3.68 (0.33) 9.7
GOLD (USD) / OUNCE 1,315.19 (0.82) (21.0)
NICKEL (USD) / M T 13,950.00 (0.59) (17.7) HA NG SENG DOW JONES S&P 500 NA SDA Q FTSE NIKKEI ID X S t a t is t ic s C o m m o dit ie s JCI LQ45 EIDO IDX 8,831.50 10,361.38 17,685.90 Ke y Indic e s
STRA ITS TIM ES
KLSE R a t e ( ID R ) 11,040.80 14,941.52 112.73 4550 4600 4650 4700
JCI
Index
2
CORPORATE NEWS
PT Semen Indonesia Tbk (SMGR) memangkas pengeluaran dana investasi menjadi Rp 1,2 triliun
hingga 1,5 triliun turun 25% dari sebelumnya Rp 2 triliun. Perusahaan berencana menggunakan Rp
7 triliun untuk konstruksi 2 pabrik semen di Rembang, Jawa Tengah, dan di Indarung, Sumatra
Barat. Konstruksi telah terhambat karena adanya masalah teknis dan bukan karena masalah
keuan-gan. Konstruksi ditargetkan mulai di bulan Oktober 2013 dibandingkan jadwal sebelumnya di
se-mester ke 2 tahun ini. (Neutral) Source: Investor Daily
PT MNC SKY Vision Tbk (MSKY) menjajaki pinjaman bank sebesar US$ 175 juta. Dana tersebut
akan digunakan untuk membeli kembali (buyback) obligasi senilai US$ 165 juta pada November
mendatang. (Positive) Source: Investor Daily
Jika pemerintah tidak memperpanjang kontrak karya PT Koba Tin terkait eksplorasi, pertambangan,
dan peleburan timah di Pulau Bangka, provinsi Bankgka Belitung, PT Timah Tbk (TINS) membidik
51% saham perusahaan pengganti PT Koba Tiin, dengan menggandeng tiga BUMD yaitu BUMD
provinsi Babel, Bangka Tengah, dan Bangka Selatan untuk mendirikan perusahaan baru yang
ber-peluang memegang kontrak karya di areal pertambangan seluas 41.510 ha. (Positive) Source:
Investor Daily
PT Semen Baturaja Tbk (SMBR) menargetkan kenaikan 7% yoy pada volume penjualan
perse-roan yaitu 321.235 ton dan produksi semen diperkirakan mencapai 337.420 ton per kuartal III 2013
ini. Sedangkan target produksi tahun ini sebesar 1,37 juta ton, turun dariperkiraan awal 1,5 juta
ton. Untuk target pendapatan perseroan hingga akhir tahun mencapai Rp 1,26 triliun dan laba
ber-sih Rp 335 miliar. (Neutral ) Source: Kontan
DH
DH
By: Rheza, Tiesha, Richard 23 Juli 2013 Salam Cuan nn bagi tim research Sinarmas 2023
TRADING VIEW Monday, September 23, 2013
These recommendations are more based on technical and just for one day trading
RESEARCH DEPARTMENT
By: Eddy Wijaya (+6221-3925550)
TICKER RECOMMENDATION PRICE ENTRY EXIT S2 S1 R1 R2 EXPLANATION
AGRICULTURE
AALI Trading Sell 19150 19150 18800 18600 18800 20200 20500 Long black candle
BWPT Trading Sell 840 840 820 800 820 860 880 Stoc osc : downtrend
LSIP Trading Sell 1400 1400 1380 1360 1380 1420 1440 Macd : downtrend
BANK & FINANCE
BMRI Trading Sell 8950 8950 8750 8550 8750 9200 9450 Rsi : downtrend
BBRI Trading Sell 7950 7950 7750 7500 7750 8050 8200 Black spinning top
BBNI Trading Sell 4325 4325 4200 4100 4200 4450 4550 Stoc osc : downtrend
BBCA Trading Sell 10500 10500 10350 10200 10350 10650 10800 Black spinning top
CONSUMER GOODS
INDF Buy on Weakness 6950 6800 7000 6700 6800 7000 7150 Rsi : uptrend
ICBP Trading Sell 10950 10950 10800 10600 10800 11150 11300 Rsi : downtrend
GGRM Buy on Weakness 39800 39700 40300 39250 39700 40300 40750 Long legged doji
UNVR Buy on Weakness 32000 31750 32250 31500 31750 32250 32500 Rsi : reversal
CPIN Trading Sell 3550 3550 3450 3325 3450 3650 3775 Long black candle
MAIN Buy on Weakness 3425 3375 3450 3325 3375 3450 3550 Doji
BASIC & MISC INDUSTRY
ASII Trading Sell 6900 6900 6800 6650 6800 7100 7250 Stoc osc : downtrend
SMGR Buy on Weakness 15050 14800 15250 14650 14800 15250 15450 Rsi : downtrend
INTP Trading Sell 20700 20700 20400 20100 20400 21000 21300 Rsi : downtrend
INFRASTRUCTURE
TLKM Buy on Weakness 2325 2275 2350 2225 2275 2350 2450 Inverted hammer
PGAS Buy on Weakness 5450 5350 5550 5250 5350 5550 5650 Black spinning top
JSMR Buy on Weakness 5800 5700 5900 5600 5700 5900 6000 Long legged doji
TBIG Trading Sell 5650 5650 5550 5450 5550 5750 5950 Stoc osc : downtrend
RETAIL
MAPI Buy on Weakness 6400 6250 6500 6100 6250 6500 6750 Macd : downtrend
RALS Buy on Weakness 1210 1190 1220 1170 1190 1220 1240 Rsi : downtrend
ACES Buy on Weakness 750 730 760 710 730 760 780 Stoc osc : downtrend
MPPA Trading Buy 2200 2200 2300 2075 2150 2300 2450 Macd : downtrend
MINING
PTBA Buy on Weakness 13850 13600 14150 13400 13600 14150 14250 Stoc osc : uptrend
ADRO Buy on Weakness 960 940 970 920 940 970 990 White spinning top
ITMG Trading Buy 32500 32500 33000 31500 32000 33000 33450 Macd : uptrend
ANTM Trading Buy 1520 1520 1540 1480 1500 1540 1560 Long white candle
TINS Trading Buy 1570 1570 1590 1520 1550 1590 1610 White spinning top
UNTR Buy on Weakness 17300 17000 17650 16700 17000 17650 18000 Black spinning top
PROPERTY
ASRI Buy on Weakness 660 640 680 620 640 680 710 Black spinning top
LPKR Trading Sell 1310 1310 1280 1260 1280 1350 1380 Black spinning top
CTRA Buy on Weakness 1120 1100 1140 1080 1100 1140 1170 Long legged doji
4
DH
Global Equity IndicesDescription YTD Change % 23-Sep-13 Forward 2013 P/E Ratio (Best Est.)
LQ45 5.3 774 Nikkei 225 41.8 14,742 JCI 6.2 4,584 FTSE 100 11.8 6,596 ASX 200 12.5 5,232 DJIA 17.9 15,451 S&P500 19.9 1,710 STI 2.2 3,238 CAC 40 15.5 4,204 Shanghai Composite (3.4) 2,192 DAX 14.0 8,676 KOSPI 0.7 2,011 Hang Seng 3.7 23,503 Euro Stoxx 11.0 2,927
Description YTD Change % 23-Sep-13 Description YTD Change % 23-Sep-13
AALI (2.8) 19,150 ICBP 40.4 10,950 ADRO (39.6) 960 IMAS 8.5 5,750 AKRA 7.8 4,475 INCO 16.0 2,725 ANTM 18.8 1,520 INDF 18.8 6,950 ASII (9.2) 6,900 INDY (40.8) 840 ASRI 10.0 660 INTP (7.8) 20,700 BBCA 15.4 10,500 ITMG (21.8) 32,500 BBNI 16.9 4,325 JSMR 6.4 5,800 BBRI 14.4 7,950 KLBF 28.3 1,360 BBTN (23.4) 1,110 LPKR 31.0 1,310 BDMN (27.9) 4,075 LSIP (39.1) 1,400 BHIT (29.6) 380 MAIN 44.2 3,425 BKSL 11.1 210 MAPI (3.8) 6,400 BMRI 10.5 8,950 MNCN 23.0 3,075 BMTR (17.9) 1,970 PGAS 18.5 5,450 BSDE 44.1 1,600 PTBA (8.3) 13,850 BUMI (13.6) 510 SMCB (13.8) 2,500 BWPT (39.1) 840 SMGR (5.0) 15,050 CPIN (2.7) 3,550 SSIA (21.3) 850 EXCL (21.5) 4,475 TLKM 29.2 2,325 GGRM (29.3) 39,800 UNTR (12.2) 17,300 GIAA (24.2) 500 UNVR 53.5 32,000
HRUM (45.0) 3,300 JAKPROP INDEXJAKBIND INDEX JAKMANU INDEX
Sectors JAKFIN INDEX
Description Return %1-mth JAKCONS INDEX
Property 11.2 JAKMIND INDEX
Basic Industry 11.6 JAKINFR INDEX
Trade 11.3 JAKAGRI INDEX
Finance 13.0 JAKMINE INDEX
Miscellaneous Industry 8.8
Consumer 15.9
Infrastructure 3.6
Agriculture 10.7
Mining 11.0
Selected Indonesian Equities
14.8 18.5 15.7 13.1 15.3 14.0 15.5 15.0 13.4 9.6 13.0 13.7 11.3 13.1
DIVIDEN
STOCK SPLIT
UPCOMING IPO
DH
Ticker Status DPS (Rp) Cum Date Ex Date Recording Payment
BCAP Final 15 17 September 2013 18 September 2013 20 September 2013 4 Oktober 2013 AKRA Final 50 18 September 2013 19 September 2013 23 September 2013 4 Oktober 2013
BHIT Final 5 19 September 2013 20 September 2013 24 September 2013 8 Oktober 2013 INDS Final 285 27 September 2013 30 September 2013 2 Oktober 2013 18 Oktober 2013
AALI Final 160 2 Oktober 2013 3 Oktober 2013 7 Oktober 2013 23 Oktober 2013 ASGR Final 18 2 Oktober 2013 3 Oktober 2013 7 Oktober 2013 23 Oktober 2013 AUTO Final 22 2 Oktober 2013 3 Oktober 2013 7 Oktober 2013 23 Oktober 2013
ASII Final 64 10 Oktober 2013 11 Oktober 2013 17 Oktober 2013 31 Oktober 2013
KOBX Final 5 22 Oktober 2013 23 Oktober 2013 25 Oktober 2013 11 November 2013 SMSM Final 25 30 September 2013 1 Oktober 2013 3 Oktober 2013 18 Oktober 2013
PWON Final 3.5 8 Oktober 2013 9 Oktober 2013 11 Oktober 2013 25 Oktober 2013 TBIG Final 60 18 September 2013 19 September 2013 23 September 2013 3 Oktober 2013
UNTR Final 175 2 Oktober 2013 3 Oktober 2013 7 Oktober 2013 23 Oktober 2013
Ticker OS:NS Ticker OS:NS
ETWA 4:5 JKON 1:5
MAPI 1:10 INAI 1:2
Company Ticker Business Offering
Date Share Price Listing Date
PT Puradelta Lestari Properti
PT Eka Sari Lorena Transport Transportasi
PT Sido Muncul Jamu
PT Bank Indeks Selindo Perbankan
PT Bank Muamalat indonesia Perbankan
PT Arita Prima Manufaktur Valve
PT Grand Kartech Manufaktur Boiler
PT Wika Beton Konstruksi
PT Batavia Prosperindo International Konsultan servis
PT Link Net Internet
PT Andira Agro Kelapa Sawit
6
DISCLAIMER
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas 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 affili-ates, 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.
DH
Global Reference Rates FOREX (USD)Rate Change %
FED Rate (%) USDIDR 11,062 (1.94)
BI Rate (%) USDEUR 0.74 (0.08)
EC B Rate (%) USDJPY 99 0.22
BOJ Rate (%) USDSGD 1.25 0.09
BOE Rate (%) USDAUD 1.07 0.08
PBOC Rate (%) USDGBP 0.62 (0.08)
Description August July
Inflation YTD (%) 7.94 6.75 7.50
Inflation YOY (%) 8.79 8.61 0.88
Inflation MOM (%) 1.12 3.29 1.46
Foreign Reserve (USD Bn) 92.99 98.10 7.55
GDP (YOY Growth) 2Q2013 (%) 6.23 6.23 7.87
GDP (IDR tn) 2Q2013 2.21 2.21 8.17
Dual Listed (IDR)Price Change %
TLKM (US) 2,271.03 4.74
ANTM (GR) 1,332.41 2.30
Lending & Deposit Rates
INDOGB 15Y YIELD (%) JIBOR (IDR) (%) LIBOR (GBP) (%) SIBOR (USD) (%) INDOGB 5Y YIELD (%) INDOGB 10Y YIELD (%) 0.25 0.50 7.25 0.10 0.50 6.00
MACRO INDICATORS RAPBN 2014 APBN-P 2013 APBN 2013
GDP (%) 5,8-6,1 6,3 6,8
Inflation (%) 4,5-5,5 7,2 4,9
IDR/USD (IDR) 10.000-10.500 9.600 9.300
SBI—3 Months (%) 5,5 5,0 5,0
Crude Oil (USD/brl) 106 108 100
Oil Production (bpd) 870.000 840.000 900.000
