DAILY RESEARCH. JCI Index. Monday, September 16, Top Technical Buys: ICBP, MYOR, ADHI, RANC

Previous Day:

Pada penutupan perdagangan hari Jumat (13/9), IHSG naik sebanyak 18,934 poin (0,43%) ke level 4375,539. Ada sebanyak 131 saham yang naik, 118 saham yang mengalami koreksi, dan 99 saham yang stagnan. Total perdagangan hari ini sebanyak Rp 5,671 triliun. LQ45 naik 2,125 poin (0,29%) ke level 736,709. Sektor-sektor perdagangan di zona hijau adalah sektor industri dasar naik 1,72%, sektor manufaktur naik 1,16%, dan sektor

consumer goods naik 1,08%. Sektor-sektor perdagangan

di zona merah adalah sektor agrikultur turun 2,57% dan sektor pertambangan turun 1,30%. Foreign net sell se-besar Rp 287 miliar. Indeks Komposit Shanghai anjlok 0,86%. Indeks Straits Times turun tipis 0,02%. Indeks Hang Seng melemah 0,17%. Indeks Nikkei menguat 0,12%.

Today’s Market:

Secara teknikal indeks hari Senin (16/9), prediksi IHSG akan bergerak menguat di kisaran 4337-4114. Data

Re-tail Sales AS yang meningkat 0,2% mom (estimasi

0,5%) dan PPI AS naik 0,3% mom (estimasi 0,2%) akan memberikan sentimen terhadap indeks. Selain itu, pe-laku pasar juga mengantisipasi rapat FOMC yang mem-bahas tentang pengurangan stimulus.

Top Technical

Buys

:

ICBP, MYOR, ADHI, RANC

DH

DAILY RESEARCH

UNDERVALUED STOCKS 2013:

MYOR 37,400 ROTI 7,400

Monday, September 16, 2013

C lo s ing JCI 4,375.54

Transac tion Value (Rp tn) 5.671 Transac tion Volume (mn shares) 5,456 Foreign Net Buy (Sell) (Rp bn) (287.14) Foreign Net Buy (Sell) YTD (Rp tn) (8.07) as perc entage of last year's (1.72) Total Market Capitalization (Rp tn) 4,011.98

C lo s ing 1 D a y R e t urn % Y T D C ha nge % 4,375.54 0.43 1.4 736.71 0.29 0.2 24.95 2.59 (17.5) 24.08 2.69 (15.9) 15,376.06 0.49 17.3 1,687.99 0.27 18.4 3,722.18 0.17 23.3 6,583.80 (0.08) 11.6 14,404.67 0.12 38.6 22,915.28 (0.17) 1.1 3,120.30 (0.02) (1.5) 1,770.80 (0.09) 4.8 F O R E X C ha nge Y T D C ha nge % USD/IDR (117.60) (12.8) EUR/IDR (35.40) (13.4) JP Y/IDR (0.67) (0.2) SGD/IDR (31.36) (9.4) A UD/IDR (25.63) (2.8) GB P /IDR (19.71) (10.8) P ric e 1 D a y R e t urn % Y T D C ha nge %

CRUDE OIL (USD) / B A RR 107.33 (0.81) 16.9

COA L (USD) / M T 77.20 0.65 (14.4)

NA TURA L GA S (USD) / m 3.69 0.41 10.2 GOLD (USD) / OUNCE 1,329.35 0.22 (20.7)

NICKEL (USD) / M T 13,890.00 0.11 (18.6) TIN (USD) / M T 22,845.00 (0.02) (2.4) CP O (M YR) / M T 2,360.00 0.38 1.7 RUB B ER (JP Y)/KG 258.50 0.54 (10.5) WHEA T/B USHEL 6.40 (0.27) (17.8) ID X S t a t is t ic s C o m m o dit ie s JCI LQ45 EIDO IDX 8,843.52 10,386.44 17,756.92 Ke y Indic e s

STRA ITS TIM ES KLSE R a t e ( ID R ) 11,232.40 14,924.95 113.11 HA NG SENG DOW JONES S&P 500 NA SDA Q FTSE NIKKEI 4310 4330 4350 4370 4390

JCI Index

2

CORPORATE NEWS



PT Steel Pipe Industry of Indonesia Tbk (ISSP) merealisasikan ekspansi pembangunan pabrik kedua di Karawang, Jawa Barat. Perusahaan juga membangun pabrik di pasuruan, Jawa Timur. Ta-hun ini perusahaan mengalokasikan belanja modal (capex) sebesar Rp 600 miliar. Selain itu, peru-sahaan telah menyerap Rp 300 miliar dana untuk ekspansi. Dengan ekspansi ini peruperu-sahaan ber-harap menambah kapasitas produksi karena permintaan pipa baja terus naik. (Positive) Source:

Kontan



PT Arwana Citramulia Tbk (ARNA) mendorong kapasitas produksi 43,37 juta m² hingga akhir tahun ini atau naik 5% dari realisasi tahun lalu. Peningkatan tersebut seiring dengan beroperasinya pabrik baru yang berlokasi di Indralaya, Ogan llir, Sumatra Selatan pada awal tahun ini. Pabrik den-gan nilai investasi Rp 200 miliar tersebut dapat memproduksi sebanyak 8 juta m² per tahun. Meski demikian, pabrik masih belum bisa beroperasi secara maksimal karena mesin produksi baru di-jalankan. Targetnya pabrik tersebut dapat beroperasi maksimal pada 2014 seiring dengan stabilnya mesin produksi. (Positive) Source: Bisnis Indonesia



PT Agung Podomoro Land Tbk (APLN) mengalami peningkatan pendapatan pra-penjualan (pre-marketing) sebesar Rp 3,91 triliun atau naik 25% dibandingkan dengan perolehan pada periode

yang sama tahun lalu. Pendapatan ini mencapai 65,16% dari total target tahun ini Rp 6 triliun. Kon-tribusi terbesar berasal dari The Podomoro City Extension sebesar 45%, Metro Park Residence 14%, Vimala Hills 12,8%, The Borneo Bay Residences di Balikpapan 10,6%, Grand Taruma 6,7%, serta Soho@Pancoran 5,7%. Target perusahaan tahun ini masih sebesar Rp 6 triliun maka sisa target hingga akhir tahun sekitar Rp 2,09 triliun. (Positive) Source: Bisnis Indonesia



PT Media Nusantara Citra Tbk (MNCN) merealisasikan pembelian kembali saham senilai Rp 15 miliar pada tanggal 12 September 2013. Perseroan membeli sebanyak 5 juta saham dengan hara rata-rata Rp 3.000 per sahamnya. Anak perusahaan MNC Group yang dibeli kembali sahamnya yaitu PT Media Nusantara Citra Tbk (MNCN), PT Global Mediacom Tbk (BMTR) dan PT Bhakti Investama Tbk (BHIT). (Positive) Source: Investor Daily

DH

Monday, September 16, 2013

DH

By: Rheza, Tiesha, Richard

23 Juli 2013 Salam Cuan nn bagi tim research Sinarmas 2023

TRADING VIEW Monday, September 16, 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 20100 20100 19850 19650 19850 20450 20900 Stoc osc : downtrend BWPT Trading Sell 830 830 810 790 810 860 890 Black spinning top LSIP Trading Sell 1380 1380 1350 1320 1350 1400 1430 Stoc osc : downtrend BANK & FINANCE

BMRI Trading Buy 8500 8500 8600 8300 8400 8600 8750 Macd : uptrend BBRI Buy on Weakness 7850 7750 7900 7650 7750 7900 8000 White spinning top BBNI Buy on Weakness 4275 4200 4350 4150 4200 4350 4425 White spinning top BBCA Buy on Weakness 9950 9800 10000 9700 9800 10000 10150 White spinning top CONSUMER GOODS

INDF Buy on Weakness 6500 6400 6600 6300 6400 6600 6750 Black spinning top ICBP Trading Buy 10500 10500 10800 10000 10300 10800 11100 Stoc osc : uptrend GGRM Buy on Weakness 41300 40900 41700 40500 40900 41700 42100 Stoc osc : overbought UNVR Trading Sell 30700 30700 30450 30200 30450 30850 31100 Stoc osc : downtrend CPIN Trading Buy 3800 3800 3875 3650 3725 3875 3950 Macd : uptrend MAIN Trading Buy 3375 3375 3450 3200 3300 3450 3550 White Spinning top BASIC & MISC INDUSTRY

ASII Buy on Weakness 6200 6100 6300 6000 6100 6300 6500 Rsi : reversal SMGR Buy on Weakness 13500 13400 13750 13200 13400 13750 14000 Rsi : reversal INTP Trading Sell 19100 19100 18950 18800 18950 19300 19500 Stoc osc : downtrend INFRASTRUCTURE

TLKM Buy on Weakness 2200 2150 2250 2100 2150 2250 2300 Long legged doji PGAS Buy on Weakness 5250 5100 5350 5000 5100 5350 5500 White spinning top JSMR Buy on Weakness 5600 5500 5700 5400 5500 5700 5850 Long legged doji TBIG Buy on Weakness 5600 5500 5700 5400 5500 5700 5800 Long legged doji

RETAIL

MAPI Buy on Weakness 5250 5150 5300 5050 5150 5300 5400 Rsi : downtrend RALS Trading Buy 1140 1140 1180 1060 1110 1180 1230 Stoc osc : uptrend ACES Trading Sell 720 720 710 690 710 740 760 Stoc osc : downtrend MPPA Trading Buy 1980 1980 2000 1940 1960 2000 2050 Rsi : uptrend MINING

PTBA Trading Sell 12900 12900 12700 12500 12700 13200 13400 Macd : downtrend ADRO Trading Sell 940 940 920 900 920 960 990 Macd : downtrend ITMG Buy on Weakness 29800 29500 30000 29300 29500 30000 30500 Macd : downtrend ANTM Trading Buy 1460 1460 1480 1400 1430 1480 1500 White spinning top TINS Trading Buy 1450 1450 1470 1410 1430 1470 1500 Rsi : reversal UNTR Trading Sell 16650 16650 16500 16300 16500 16800 17000 Rsi : downtrend PROPERTY

ASRI Buy on Weakness 600 580 620 560 580 620 640 White spinning top LPKR Buy on Weakness 1070 1050 1100 1030 1050 1100 1130 Black spinning top CTRA Buy on Weakness 970 950 990 930 950 990 1010 Doji

APLN Buy on Weakness 275 265 290 250 265 290 310 Gravestone doji SMRA Buy on Weakness 910 880 930 850 880 930 950 Black spinning top SSIA Trading Buy 860 860 880 820 840 880 900 Rsi : uptrend BSDE Buy on Weakness 1410 1390 1430 1370 1390 1430 1460 Rsi : downtrend WIKA Buy on Weakness 1880 1850 1890 1830 1850 1890 1930 White spinning top PTPP Trading Buy 1140 1140 1170 1080 1120 1170 1200 White spinning top

4

DH

Global Equity Indices

Description YTD Change _% 16-Sep-13 Forward 2013 P/E Ratio (Best Est.)

LQ45 0.2 737 Nikkei 225 38.6 14,405 JCI 1.4 4,376 FTSE 100 11.6 6,584 ASX 200 13.1 5,259 DJIA 17.3 15,376 S&P500 18.4 1,688 STI (1.5) 3,120 CAC 40 13.0 4,115 Shanghai Composite (1.5) 2,236 DAX 11.8 8,509 KOSPI 0.7 2,011 Hang Seng 1.1 22,915 Euro Stoxx 8.8 2,867

Description YTD Change _% 16-Sep-13 Description YTD Change _% 16-Sep-13

AALI 2.0 20,100 ICBP 34.6 10,500 ADRO (40.9) 940 IMAS (7.5) 4,900 AKRA (1.2) 4,100 INCO 2.1 2,400 ANTM 14.1 1,460 INDF 11.1 6,500 ASII (18.4) 6,200 INDY (47.9) 740 ASRI 0.0 600 INTP (14.9) 19,100 BBCA 9.3 9,950 ITMG (28.3) 29,800 BBNI 15.5 4,275 JSMR 2.8 5,600 BBRI 12.9 7,850 KLBF 27.4 1,350 BBTN (33.8) 960 LPKR 7.0 1,070 BDMN (26.5) 4,150 LSIP (40.0) 1,380 BHIT (33.3) 360 MAIN 42.1 3,375 BKSL 5.8 200 MAPI (21.1) 5,250 BMRI 4.9 8,500 MNCN 29.0 3,225 BMTR (24.2) 1,820 PGAS 14.1 5,250 BSDE 27.0 1,410 PTBA (14.6) 12,900 BUMI (28.8) 420 SMCB (21.6) 2,275 BWPT (39.9) 830 SMGR (14.8) 13,500 CPIN 4.1 3,800 SSIA (20.4) 860 EXCL (22.8) 4,400 TLKM 22.2 2,200 GGRM (26.6) 41,300 UNTR (15.5) 16,650 GIAA (25.0) 495 UNVR 47.2 30,700

HRUM (46.7) 3,200 JAKPROP INDEX_{JAKBIND INDEX}

JAKMANU INDEX

Sectors JAKFIN INDEX

Description Return %1-mth JAKCONS INDEX

Property (13.9) JAKMIND INDEX

Basic Industry (6.7) JAKINFR INDEX

Trade (4.6) JAKAGRI INDEX

Finance (1.9) JAKMINE INDEX

Miscellaneous Industry (4.6)

Consumer (2.3)

Infrastructure (5.7)

Agriculture 11.5

Mining 5.3

Selected Indonesian Equities

14.1 18.1 14.8 12.9 15.2 13.9 15.3 14.4 13.1 9.8 12.8 13.7 10.9 12.8

DIVIDEN

STOCK SPLIT

UPCOMING IPO

DH

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

LAMI Final 5 16 Agustus 2013 19 Agustus 2013 21 Agustus 2013 4 September 2013 MTSM Final 3 20 Agustus 2013 21 Agustus 2013 23 Agustus 2013 4 September 2013 MFIN Final 16,5 3 September 2013 4 September 2013 6 September 2013 20 September 2013

Ticker OS:NS Ticker OS:NS

ETWA 4:5 AMRT 1:10

TLKM 1:5 INAI 1:2

JRPT 1:5 JKON 1:5

ALMI 1:2 MAPI 1:10

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 Re ference Rate s F OREX _(USD)Rate Change _%

FED Rate (%) USDIDR 11,232 1.05

BI Rate (%) USDEUR 0.75 (0.51)

EC B Rate (%) USDJPY 99 0.42

BOJ Rate (%) USDSGD 1.26 0.59

BOE Rate (%) USDAUD 1.07 (0.96)

PBOC Rate (%) USDGBP 0.63 (0.41)

De scription August July

Inflation YTD (%) 7.94 6.75 7.25

Inflation YOY (%) 8.79 8.61 0.89

Inflation MOM (%) 1.12 3.29 1.46

Foreign Reserve (USD Bn) 92.99 98.10 7.88

GDP (YOY Growth) 2Q2013 (%) 6.23 6.23 8.35

GDP (IDR tn) 2Q2013 2.21 2.21 8.74

Dual Liste d _(IDR)Price Change _%

TLKM (US) 1,909.44 0.00

ANTM (GR) 1,395.93 9.41

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