ASIA AND GLOBAL MARKET SPOT PRICE 2016

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DISCLAIMER: All contents of This Report have been prepared by Research Dept. and are provided solely for informational purpose.

We have taken reasonable measures to ensure the accuracy of the report, however, do not guarantee its accuracy and will not accept liability for any consequential loss or damage which may arise directly or indirectly from any use of the report.

MARKET UPDATE & OUTLOOK

 Asia: Saham Asia secara umum menguat pada hari Selasa, dalam volume perdagangan yang tipis menyusul sebagian besar pasar global tutup pada hari Senin untuk merayakan Natal, sementara USD rebound dari koreksinya di hari Senin. Indeks MSCI untuk saham Asia-Pasifik diluar Jepang secara marginal menguat, dengan pasar Australia, Selandia Baru dan Hong Kong tutup. Indeks Nikkei juga terpantau bergerak tipis. Indeks CSI 300 Cina turun 0,2% dan Komposit Shanghai terkoreksi 0,2% meskipun data dirilis positif di hari Selasa. Profit sektor industri daratan dilaporkan meningkat 14,5% di bulan November dari tahun sebelumnya, mengisyaratkan adanya peningkatan ekonomi, namun dewan kebijakan mengatakan pertumbuhan sangat bergantung pada naiknya harga minyak, besi dan baja. Bursa saham di Asia Tenggara juga meningkat, termasuk di Indonesia dan Filipina yang masing-masing naik 1%. Sedangkan di hari Jumat sebelumnya, Wall Street ditutup menguat tipis.

 Eropa: Saham Eropa bergerak stabil pada hari Selasa seiring perdagangan di sejumlah pasar dibuka kembali usai libur Natal, dengan Parmalat menguat. Indeks STOXX 600 naik 0,1% ditengah minimnya aktifitas karena masih banyak investor yang merayakan liburan.

Sementara pasar saham Inggris tutup, DAX Jerman tercatat naik 0,2% untuk menyentuh level tertinggi tahun ini yang baru dan CAC Prancis juga naik 0,2%.

 AS & Global Markets: Saham menguat di hari Selasa seiring dibukanya kembali sejumlah pasar finansial dunia usai libur Natal, dengan minyak juga naik didukung oleh prospek pengurangan suplai. Volume perdagangan masih berpotensi tipis di minggu terakhir tahun ini jelang libur akhir tahun. Kekhawatiran tentang bank Italia, pertumbuhan China dan kebijakan Presiden terpilih AS Donald Trump yang cenderung proteksionis nampaknya akan mendorong investor menahan diri di awal 2017. Namun pemerintahan baru di AS yang akan memperjuangkan dukungan fiskal bagi perekonomian AS akan memberikan harapan untuk tumbuhnya inflasi dan meningkatnya pertumbuhan secara keseluruhan akan menguntungkan perusahaan secara global. USD menguat terhadap yen oleh rilis lebih baik dari perkiraan untuk data perumahan AS dan potensi pernyataan hawkish The Fed, meskipun masih di bawah level tertinggi 10 bulan.

Sedangkan harga minyak dan emas juga menguat meskipun masih relatif tipis.

ASIA AND GLOBAL MARKET SPOT PRICE 2016

HIGH / LOW .N225 .KS200 .HSI .DJI /.SPX /.SSEC

RECORD HIGH 38915.87 (29/Dec/89)

295.51 (03/May/11)

31958.41 (30/Oct/07)

18351.36 (19/May/2015)

2134.72 (20/May/2015)

6124.04400 (16/Oct./07) 2015 HIGH 20952.71

(24/Jun/2015)

275.11 (24/Apr/2015)

28588.52 (27/Apr/2015)

18351.36 (19/May/2015)

2134.72 (20/May/2015)

5178.19100 (12/Jun/2015) 2016 HIGH 19592.90

(21/Dec/16)

264.42 (21/Dec/16)

24364.00 (09/Sep/16)

19987.63 (20/Dec/16)

2277.53 (13/Dec/16)

3538.68940 (04/Jan/16) 2016 LOW 14864.01

(24/Jun/16)

222.92 (20/Jan/16)

18278.80 (12/Feb/16)

15450.56 (20/Jan/16)

1810.10 (11/Feb/16)

2638.30160 (27/Jan/16) 2015 LOW 16592.57

(16/Jan/2015)

217.52 (24/Aug/2015)

20368.12 (29/Sep/2015)

15370.33 (24/Aug/2015)

1867.01 (24/Aug/2015)

2850.71350 (26/Aug/2015) RECORD LOW 85.25 (06/Jul/50) 31.96

(16/Jun/98) 58.61 (31/Aug/67) 388.20

(17/Jan/55)

132.93 (23/Nov./82)

325.92200 (29/Jul/94)

Closing Prices – 27 December 2016

CLOSE CHANGE CLOSE CHANGE

.DJI 19945.04  11.23/ 0.06% .N225 19403.06  6.42/0.03%

/.SPX 2268.88  5.09 / 0.22% .KS200 262.49  0.59/0.23%

/.IXIC 5487.441  24.752/ 0.45% .HSI HOLIDAY  61.44/0.28%

JPY= 117.43  0.36/ 0.31% /.SSEC 3115.00390  7.56510/0.24%

KRW= 1206.69  6.70 / 0.56% /CLc1 (Oil) 53.89  0.87 / 1.64%

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RESEARCH DEPARTMENT – PT VALBURY ASIA FUTURES Menara Karya 9th Floor, Jl. HR Rasuna Said Blok X-5 Kav. 1-2 Jakarta 12950 Indonesia, Phone : +6221-25533777 Twitter: @researchvaf

WEEKLY ECONOMIC INDICATORS

(Source: Reuters-FXstreet-DailyFX- Tradingeconomics-forexfactory, Research: @LukmanLoeng,@ErwinRiset-@her1en)

DATE WIB CTY INDICATORS PER ACTUAL FORECAST PREV. REV.

Mon/26-Dec-16 06:50 JP BOJ Minutes of Oct. 31-Nov.1 Meeting 11:00 JP BOJ Kuroda speaks in Keidanren All Day US Bank Holiday/ Christmas (Observed) All Day AU Bank Holiday/ Christmas Day

Tue/27-Dec-16 04:00 KR Consumer Confidence Dec 94.2 N/A 96

06:30 JP CPI Index Nov 100.4 N/A 100.4

06:30 JP Unemployment Rate Nov 3.1% 3.0% 3.0%

06:30 JP Job-To-Applicant Ratio Nov 1.41 1.41 1.40

06:30 JP All Household Spending YY* Nov -1.5% 0.2% -0.4%

06:30 JP All Household Spending MM Nov -0.6% 0.4% -1.0%

06:30 JP CPI Core Nationwide YY Nov -0.4% -0.3% -0.4%

06:30 JP CPI Overall Nationwide Nov 0.5% N/A 0.1%

06:30 JP CPI Core Tokyo YY* Dec -0.6% -0.4% -0.4%

06:30 JP CPI Overall Tokyo Dec 0% N/A 0.5%

12:00 JP Housing Starts YY Nov 6.7% 10.2% 13.7% 13.1%

12:00 JP Construction Orders YY* Nov -6.0% N/A 15.2%

21:00 US CaseShiller 20 MM SA Oct 0.6% 0.5% 0.4% 0.5%

21:00 US CaseShiller 20 MM NSA Oct 0.1% N/A 0.1%

21:00 US CaseShiller 20 MM YY Oct 5.1% 5.1% 5.1% 5.0%

22:00 US Consumer Confidence Dec 113.7 108.5 107.1 109.4

22:00 US Richmond Fed Manufacturing Index Dec 8 5 4

22:30 US Dallas Fed Mfg Bus Idx Dec 15.5 N/A 10.20

All Day AU Boxing Day/Proclamation Day

Wed/28-Dec-16 06:50 JP Industrial Production Prelim Nov 1.6% 0.0%

06:50 JP Retail Sales YY Nov 0.8% -0.1%

22:00 US Pending Home Index Nov N/A 110.0

22:00 US Pending Sales Change MM Nov 0.5% 0.1%

22:30 US Texas Serv Sect Outlook* Dec N/A 12.6

22:30 US Dallas Fed Sevices Reve Dec N/A 13.7

Thu/29-Dec-16 04:00 KR BOK Manufacturing BSI Jan N/A 72

06:00 KR Industrial Production Growth Nov 1.0% -1.7%

06:00 KR Industrial Production YY Nov 1.4% -1.6%

06:00 KR Service Sector Output Growth Nov N/A -0.2%

06:50 JP BOJ Summary of Opinions at Dec.19-20 Meeting

15:30 HK Exports* Nov -1.0% -1.8%

15:30 HK Imports* Nov 1.5% 0.5%

20:30 US Adv Goods Trade Balance Nov -61.50b -61.99b

20:30 US Adv Retail Invty Ex Auto Nov N/A -0.3

20:30 US Adv Wholesale Invty Nov 0.1 -0.4

20:30 US Initial Jobless Claims w/e 264k 275k

20:30 US Jobless Claims 4-wk Avg w/e N/A 263.75k

20:30 US Continuing Jobless Claims w/e 2.030m 2.036m

23:00 US EIA Weekly Crude Stocks w/e N/A 2.256m

23:00 US EIA Weekly Dist. Stocks w/e N/A -2.420m

23:00 US EIA Weekly Gasoline Stk w/e N/A -1.309m

Fri/30-Dec-16 06:00 KR CPI Growth* Dec N/A -0.1%

06:00 KR CPI Growth YY Dec N/A 1.3%

07:30 AU Private Sector Credit* Nov 0.5% 0.5%

07:30 AU Housing Credit* Nov N/A 0.6%

15:30 HK Money Supply M3* Nov N/A 8.10%

21:45 US Chicago Purchasing Manager Dec 57.0 57.6

Sat/31-Dec-16 01:00 US Baker Hughes U.S. Rig Count Dec-30 N/A N/A

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SSIamH7 (Nikkei Mar Futures) – Last Trading Date: 09 Mar. 2017

 Area 19400 masih diuji

 Short-term resistance di sekitar 19445

 Short-term support di sekitar 19235

(Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE % CHANGE VOLUME

27 Dec SSIpmH7 19350 19435 19350 85 19400 ---  55 0.28 6583

27 Dec SSIamH7 19370 19445 19320 125 19345 19345  50 0.26 27112

26 Dec SSIpmH7 H O L I D A Y

26 Dec SSIamH7 H O L I D A Y

23 Dec SSIpmH7 19385 19420 19360 60 19400 ---  20 0.10 3339

23 Dec SSIamH7 19425 19445 19345 100 19385 19380  35 0.18 4312

22 Dec SSIpmH7 19360 19400 19325 75 19375 ---  25 0.13 8518

22 Dec SSIamH7 19415 19415 19280 135 19350 19350  75 0.39 38307

21 Dec SSIpmH7 19415 19475 19335 140 19425 --- UNCH UNCH 13066

21 Dec SSIamH7 19535 19560 19335 225 19425 19425  50 0.26 44295

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

19445 19320 19615 18225 18660 16095 19615 14770

(27/Dec) (27/Dec) (20/Dec) (05/Dec) (30/Nov) (09/Nov) (20/Dec) (12/Feb)

ANALYSIS & RECOMMENDATION

RESISTANCE

19980 High 04/Dec/2015

19890 High 18/Dec/2015 (Reaction high)

19615 Reaction high (1-H chart)

SUPPORT

19235 Pivot line (1-H chart)

19120 Reaction low (1-H chart)

RECOMMENDATION

BUY 19335

SELL ----

STOP LOSS 19225

TARGET 19475

19580

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KSH7 (Kospi Mar Futures) – Exp. Date: 09 Mar. 2017

 Area support di sekitar 259.00 – 258.45 berpeluang diuji

 Short-term support di 257.70 – 256.65

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

27 Dec 258.90 259.50 258.85 0.65 259.50 259.50  0.60 0.23 33823

26 Dec H O L I D A Y

23 Dec 258.80 259.10 258.45 0.65 258.60 258.60  0.50 0.19 51643

22 Dec 259.40 259.65 258.80 0.85 259.10 259.10  0.10 0.04 59357

21 Dec 260.15 260.95 259.15 1.80 259.20 259.20  0.15 0.06 87626

20 Dec 259.15 259.90 258.95 0.95 259.35 259.35  0.35 0.14 67631

259.50 258.85 260.95 251.45 257.45 246.80 262.50 223.10

(27/Dec) (27/Dec) (21/Dec) (05/Dec) (09/Nov) (09/Nov) (08/Sep) (20/Jan)

ANALYSIS & RECOMMENDATION

RESISTANCE

264.15 High 27/May/2015

262.40 High 29/May/2015 (Reaction high)

262.10 High 07/Sep/2016

260.95 Double Top

SUPPORT

258.45 Reaction low (1-H chart)

256.50 Low 15/Dec/2016

255.25 Reaction low (1-H chart)

253.50 Pivot line (1-H chart)

RECOMMENDATION

BUY 259.00

SELL ----

STOP LOSS 258.00

TARGET 260.80

261.70

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HSIZ6 (Hang Seng Dec Futures) – Exp. Date: 29 December 2016

 Koreksi berlanjut dalam area bearish channel

 Area resistance di sekitar 21650 masih efektif

 Koreksi hadapi area support di sekitar 21200

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

23 Dec 21555 21594 21477 117 21538 21538  77 0.36 128271

22 Dec 21738 21819 21591 228 21615 21615  224 1.03 105514

21 Dec 21744 21927 21731 196 21839 21838  135 0.62 92384

20 Dec 21789 21875 21662 213 21704 21704  152 0.70 93032

19 Dec 21950 22007 21781 226 21856 21856  95 0.43 88162

22007 21477 23146 21477 23286 21904 24374 18217

(19/Dec) (23/Dec) (08/Dec) (23/Dec) (01/Nov) (09/Nov) (09/Sep) (12/Feb)

ANALYSIS & RECOMMENDATION

RESISTANCE

21650 Pivot line (4-H chart)

SUPPORT

21195 Pivot line

20830 Low 12/Jul/2016

20517 Low 11/Jul/2016

RECOMMENDATION

BUY ----

SELL 21580

STOP LOSS 21680

TARGET 21430

21280