Monday, August 3, 2020

Today’s Market:



IHSG diperkirakan bergerak mixed dengan kecenderungan

menguat. Bursa AS ditutup menguat pada perdagangan

Jumat (31/07). Harga batubara naik ke level USD 51.95

per Mt. Crude oil turun ke level USD 40.04 per barrel.

Ru-piah melemah terhadap Dollar AS di level Rp 14,600. 10Yr

Government Bonds Yield stabil di level 6.83%.



Dari global, AS mencatatkan penurunan pertumbuhan GDP

kuartal-II 2020 sebesar 33%, sejalan dengan estimasi.



Dari dalam negeri, Markit Indonesia PMI bulan Juli 2020

tercatat meningkat ke level 46.9 (vs 39.1 pada Juni 2020).



Sehubungan dengan emiten, Indofood CBP Sukses

Makmur (ICBP) mencatatkan pendapatan sepanjang 1H20

Rp 23.05 tn (+4.1% YoY), dan laba bersih Rp 3.4 tn

(+31.1% YoY). Hasil tersebut sejalan dengan estimasi.



Sehubungan dengan emiten, Pakuwon Jati (PWON)

men-catatkan pendapatan pada 1H20 sebesar Rp 1.9 triliun

(-43.6 YoY) dan laba bersih sebesar Rp 483.3 Miliar (-64.6%

YoY). Sementara itu, Ciputra Development (CTRA)

men-catatkan pendapatan sepanjang 1H20 sebesar Rp 2.8 tn

(-10.8% YoY), dan laba bersih Rp 170 bn (-42.6% YoY).



Sehubungan dengan emiten, Pabrik Kertas Tjiwi Kimia

(TKIM) mencatatkan pendapatan 1H20 sebesar USD 450

juta 22% YoY) dan laba bersih sebesar USD 89 juta

(-14.4% YoY). Indah Kiat Pulp & Paper (INKP) mencatatkan

pendapatan 1H20 sebesar USD 1.5juta (-5.7% YoY) dan

laba bersih sebesar USD 202 juta (+39% YoY).



Secara teknikal indeks hari Senin (03/08), IHSG diprediksi

bergerak di kisaran 5074-5187.

Source: Bloomberg, Sinarmas Investment Research

See pg. 6-8 for Technical Corner

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

Monday, August 3, 2020

IHSG naik sebanyak 38.5 poin (0.75%) ke level 5149.63.

Sementara LQ45 naik sebanyak 7.6 poin (0.96%) ke level

803.01. Foreign net buy sebesar Rp 49.58 miliar.

ID X Statistics C lo sing

JCI 5,149.63

Transaction Value Regular M arket (IDR tn) 7.582 Transaction Volume Regular M arket (mn shares) 8,104 Foreign Net Buy (Sell) (IDR bn) 50

Foreign Net Buy (Sell) (1.30)

Total M arket Capitalization (IDR tn) 5,986.25

LQ45 803.01 0.96 (25.60) EIDO 18.74 (0.43) (34.08) IDX 17.11 (0.17) (31.12) DOW JONES 26,428.32 0.44 6.91 S&P 500 3,271.12 0.77 22.35 NASDAQ 10,745.27 1.49 55.65 FTSE 5,897.76 (1.54) (23.28) NIKKEI 21,710.00 (2.82) (4.63) HANG SENG 24,595.35 (0.47) (17.79) STRAITS TIM ES 2,529.82 (1.70) (25.66) KLSE 1,603.75 (0.48) (10.74) USD/IDR 14,600.00 0.00 5.03 EUR/IDR 17,322.58 0.00 10.17 JPY/IDR 139.95 0.00 8.60 SGD/IDR 10,670.11 0.00 3.36 AUD/IDR 10,521.17 0.00 7.44 GBP/IDR 19,147.21 0.00 3.89

Crude Oil (USD/barrel) 40.04 7:45:54 AM (34.43)

Coal (USD/mn tons) 51.95 7/31/2020 (22.16)

Natural Gas (USD/mmBtu) 1.86 7:44:54 AM (15.08)

Gold (USD/ounce) 1,977.18 7:55:56 AM 30.31 Nickel (USD/mn tons) 13,786.00 7/31/2020 (1.70)

Tins (USD/mn tons) 17,897.00 7/31/2020 4.20 CPO (M YR/mn tons) 2,780.00 7/30/2020 (8.58)

Rubber (JPY/kg) 162.80 7:34:15 AM (8.18)

Wheat (USD/bushel) 526.00 7:45:51 AM (5.86)

Corn (USD/bushel) 315.50 7:41:54 AM (18.63)

C o mmo dities

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

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

P rice Last

T ransactio n

YT D C hg (%)

2

Daily Corporate and Industry News

Bank Tabungan Negara (BBTN) mencetak laba bersih senilai Rp 768 miliar pada semester I-2020. Source: Investor

Daily

PT PP (PTPP) mencatatkan pendapatan pada 1H20 sebesar Rp 6.7 triliun (-36.6% YoY) dan laba bersih sebesar Rp

15.9 Miliar (-95.3% YoY). Source: Investor Daily

Mitra Adi Perkasa (MAPI) mencatatkan pendapatan pada 1H20 sebesar Rp 6.8 triliun (-33% YoY) dan rugi sebesar

Rp 471 Miliar. Source: Investor Daily

Pabrik Kertas Tjiwi Kimia (TKIM) mencatatkan pendapatan pada 1H20 sebesar USD 450 juta (-22% YoY) dan laba

bersih sebesar USD 89 juta (-14.4% YoY). Source: Investor Daily

Indah Kiat Pulp & Paper (INKP) mencatatkan pendapatan pada 1H20 sebesar USD 1.5juta (-5.7% YoY) dan laba

bersih sebesar USD 202 juta (+39% YoY). Source: Investor Daily

Pakuwon Jati (PWON) mencatatkan pendapatan pada 1H20 sebesar Rp 1.9 triliun (-43.6 YoY) dan laba bersih

sebe-sar Rp 483.3 Miliar (-64.6% YoY). Source: Investor Daily

Aneka Tambang (ANTM) mencatatkan pendapatan pada 1H20 sebesar Rp 9,2 triliun (-36.1% YoY) dan laba tahun

berjalan yang dapat diatribusikan ke pemilik entitas induk menjadi Rp84.8 miliar (-80.2% YoY). Source: Kontan.

Indofood CBP Sukses Makmur (ICBP) mencatatkan pendapatan sepanjang 1H20 Rp 23.05 tn (+4.1% YoY), dan laba

bersih Rp 3.4 tn (+31.1% YoY). Source: Bisnis Indonesia

Ciputra Development (CTRA) mencatatkan pendapatan sepanjang 1H20 sebesar Rp 2.8 tn (-10.8% YoY), dan laba

bersih Rp 170 bn (-42.6% YoY). Source: Bisnis Indonesia

Semen Indonesia (SMGR) mencatatkan pendapatan sepanjang 1H20 sebesar Rp 16.0 tn (-2.0% YoY), dan laba

ber-sih Rp 612 bn (+26.2% YoY). Source: Bisnis Indonesia

Delta Dunia (DOID) mencatatkan pendapatan sepanjang 1H20 sebesar USD 352.1mn (19.1% YoY), dan rugi USD

-7.9 mn. Source: Bisnis Indonesia

Malindo Feedmill (MAIN) mencatatkan pendapatan sepanjang 1H20 sebesar Rp 3.2 tn (-17.5% YoY), dan rugi Rp

44.2 bn (vs laba bersih Rp 146 bn pada 1H19). Source: Bisnis Indonesia

KB Kookmin Bank resmi menjadi pemegang saham terbesar Bukopin setelah pena waran umum terbatas kelima

me-lalui skema Hak Memesan Efek Terlebih Dahulu (HMETD) selesai. Kookmin Bank menyerap sekitar 2.97 miliar lembar

saham baru. Source: Bisnis Indonesia

World Equity Indices

Source: Bloomberg, Sinarmas Investment Research

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

WO R LD E Q UIT Y IN D IC E S N O T IC KE R 1 INDU Index 29,568.57 18,213.65 (2,110.12) (7.39) 21.69 23.83 3.91 3.80 8,384.25 8,384.25 2 SP X Index 3,393.52 2,191.86 40.34 1.25 24.97 25.45 3.71 3.52 28,245.86 28,245.86 3 CCM P Index 10,839.93 6,631.42 1,772.67 19.76 58.11 37.80 5.85 5.43 16,854.32 16,854.32 4 SP TSX Index 17,970.51 11,172.73 (894.22) (5.24) 22.37 24.67 1.66 1.51 2,457.97 1,832.25 5 M EXB OL Index 45,955.41 32,503.25 (6,521.34) (14.98) 21.68 20.00 1.72 0.89 4,802.18 215.66 6 SX5E Index 3,867.28 2,302.84 (570.83) (15.24) 28.48 20.20 1.55 1.49 2,778.64 3,276.29 7 UKX Index 7,689.67 4,898.79 (1,644.68) (21.81) 31.18 18.39 1.42 1.31 1,614.28 2,114.55 8 CA C Index 6,111.41 3,632.06 (1,194.37) (19.98) 36.20 23.49 1.45 1.42 1,505.80 1,775.49 9 DA X Index 13,795.24 8,255.65 (935.65) (7.06) 25.26 19.38 1.52 1.45 1,127.88 1,329.88

10 IB EX Index 10,100.20 5,814.50 (2,671.80) (27.98) # N/A N/A 28.00 1.09 1.02 437.00 515.27

11 FTSEM IB Index 25,483.05 14,153.09 (4,414.44) (18.78) 46.70 23.00 1.01 0.99 442.29 521.51

12 A EX Index 632.12 389.60 (59.29) (9.81) 52.90 23.41 s 1.67 751.91 886.57

13 SM I Index 11,270.00 7,650.23 (611.04) (5.76) 22.18 19.04 2.50 2.42 1,180.97 1,293.23

14 A S51 Index 7,197.20 4,402.50 (801.48) (11.99) # N/A N/A 20.87 0.74 1.83 1,840.23 1,315.03

15 A S30 Index 7,289.70 4,429.10 (790.30) (11.62) # N/A N/A 20.53 0.81 1.83 2,038.60 1,456.79

16 SHSZ300 Index 4,878.08 3,503.19 598.47 14.61 17.91 15.51 2.11 1.96 38,456.72 5,513.35 17 SHA SHR Index 3,625.48 2,773.54 273.45 8.56 16.63 14.04 1.60 1.45 39,407.36 5,649.64 18 SZA SHR Index 2,442.26 1,524.76 559.87 31.06 52.68 25.22 3.23 3.47 31,582.05 4,527.76 19 HSI Index 29,174.92 21,139.26 (3,594.40) (12.75) 10.84 11.36 0.99 0.96 17,109.67 2,207.67 20 HSCEI Index 11,502.47 8,290.34 (1,128.10) (10.10) 8.39 8.70 1.05 0.98 13,841.71 1,786.00 21 SENSEX Index 42,273.87 25,638.90 (3,646.85) (8.84) 26.83 24.02 2.76 2.73 73,540.19 981.56 22 NIFTY Index 12,430.50 7,511.10 (1,095.00) (9.00) 26.42 23.42 2.62 2.55 86,619.58 1,156.13 23 JCI Index 6,414.48 3,911.72 (1,149.91) (18.25) 18.00 18.08 1.44 1.83 5,986,253.53 407.15 24 LQ45 Index 1,036.62 566.05 (211.46) (20.84) 13.78 17.33 1.91 1.90 3,813,750.09 259.39 25 KSE100 Index 43,468.22 27,046.71 (1,476.64) (3.62) 9.04 7.65 1.13 0.99 6,078.94 36.38 26 NKY Index 24,115.95 16,358.19 (1,511.94) (6.39) 28.72 22.16 1.73 1.64 328,947.70 3,107.97 27 NEY Index 356.77 249.78 (34.44) (9.84) 19.28 19.67 1.08 1.04 401,809.83 3,796.39 28 TP X Index 1,747.20 1,199.25 (201.82) (11.72) 20.30 18.31 1.12 1.10 570,390.94 5,389.18 29 FB M KLCI Index 1,642.73 1,207.80 14.99 0.94 20.81 20.95 1.67 1.57 1,037.06 244.62 30 NZSE Index 2,019.39 1,356.73 4.52 0.23 37.33 29.28 2.27 1.95 160.99 106.80 31 P COM P Index 8,216.92 4,039.15 (1,886.81) (24.14) 14.44 17.55 1.49 1.41 7,415.71 150.98 32 FSSTI Index 3,360.19 2,208.42 (693.01) (21.50) 14.48 14.66 0.87 0.87 446.80 324.94 33 KOSP I Index 2,281.41 1,439.43 46.12 2.10 27.98 16.23 0.89 0.93 1,468,632.04 1,228.92 34 TWSE Index 13,031.70 8,523.63 667.66 5.57 21.19 19.35 1.94 2.06 38,313.86 1,304.26 35 SET Index 1,687.15 969.08 (251.31) (15.91) 19.11 21.39 1.48 1.50 14,351.25 459.25 36 SET50 Index 1,118.99 628.97 (205.52) (19.23) 19.07 21.44 1.66 1.57 9,679.30 309.75 37 VNINDEX Index 1,028.97 649.10 (162.60) (16.92) 13.20 14.58 1.77 1.91 2,810,657.17 121.32 T ra iling F o rwa rd D o m a in C urre nc y US D LO W P O IN T % T ra iling F o rwa rd A s ia / P a c if ic A m e ric a 5 2 - WE E K C H A N G E Y T D P E R ( x) P B V ( x) M A R KE T C A P ( B n) E uro pe H IG H

4

LQ45

Source: Bloomberg, Sinarmas Investment Research

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

LQ45 Index

HIGH LOW POINT % Trailing Forward Trailing Forward

1 ACES IJ 1,750 1,890 970 255 17.06 34.46 34.33 6.00 34.33 30,012.50

2 ADRO IJ 1,085 1,715 610 (470) (30.23) 6.15 7.38 0.63 7.38 34,704.77

3 AKRA IJ 2,880 4,350 1,405 (1,070) (27.09) 15.25 14.53 1.34 14.53 11,562.32

4 ANTM IJ 730 1,175 338 (110) (13.10) #N/A N/A 121.85 0.97 121.85 17,542.46

5 ASII IJ 5,150 7,250 3,220 (1,775) (25.63) 8.95 13.86 1.36 13.86 208,490.30 6 BBCA IJ 31,200 35,300 21,625 (2,225) (6.66) 27.53 32.67 4.55 32.67 769,236.31 7 BBNI IJ 4,600 8,175 2,970 (3,250) (41.40) 5.51 13.64 0.79 13.64 85,783.82 8 BBRI IJ 3,160 4,760 2,160 (1,240) (28.18) 11.26 17.27 2.19 17.27 389,772.76 9 BBTN IJ 1,265 2,350 720 (855) (40.33) #N/A N/A 13.03 0.81 13.03 13,396.35 10 BMRI IJ 5,800 8,050 3,660 (1,875) (24.43) 9.61 17.52 1.56 17.52 270,666.67 11 BRPT IJ 950 1,525 426 (560) (37.09) 220.42 32.29 4.69 32.29 88,718.60 12 BSDE IJ 690 1,485 585 (565) (45.02) 21.12 8.98 0.47 8.98 14,608.24 13 BTPS IJ 3,450 5,125 1,790 (800) (18.82) 18.99 26.97 4.93 26.97 26,577.77 14 CPIN IJ 6,225 7,750 3,800 (275) (4.23) 28.74 32.46 4.49 32.46 102,077.55 15 CTRA IJ 655 1,295 394 (385) (37.02) 11.45 13.43 0.83 13.43 12,157.00 16 ERAA IJ 1,470 2,250 805 (325) (18.11) 15.70 19.62 0.95 19.62 4,689.30 17 EXCL IJ 2,500 3,730 1,315 (650) (20.63) 12.30 20.12 1.30 20.12 26,765.03 18 GGRM IJ 49,975 77,000 30,625 (3,025) (5.71) 9.23 10.35 1.76 10.35 96,156.30 19 HMSP IJ 1,705 3,080 1,085 (395) (18.81) 16.68 17.61 7.45 17.61 198,322.32 20 ICBP IJ 9,200 12,550 7,750 (1,950) (17.49) 18.88 18.97 3.93 18.97 107,289.55 21 INCO IJ 3,420 4,320 1,340 (220) (6.04) 16.92 33.21 1.16 33.21 33,982.28 22 INDF IJ 6,450 8,300 5,000 (1,475) (18.61) 11.41 10.68 1.42 10.68 56,633.75 23 INKP IJ 7,800 8,575 3,020 100 1.30 7.62 - 0.69 - 42,673.67 24 INTP IJ 12,375 22,700 8,650 (6,650) (34.95) 27.36 28.75 1.94 28.75 45,555.24 25 ITMG IJ 7,900 16,850 5,650 (3,575) (31.15) 5.61 8.14 0.68 8.14 8,926.41 26 JPFA IJ 1,060 1,860 760 (475) (30.94) 11.43 9.42 1.16 9.42 12,430.17 27 JSMR IJ 3,930 5,900 2,230 (1,245) (24.06) 22.76 24.89 1.51 24.89 28,523.43 28 KLBF IJ 1,565 1,695 830 (55) (3.40) 27.83 27.42 4.49 27.42 73,359.57 29 LPPF IJ 1,305 4,500 1,080 (2,905) (69.00) #N/A N/A 103.49 3.31 103.49 3,660.37 30 MNCN IJ 820 1,780 750 (810) (49.69) 5.09 5.29 0.87 5.29 11,706.40 31 PGAS IJ 1,265 2,460 605 (905) (41.71) 41.48 10.75 0.80 10.75 30,665.51 32 PTBA IJ 2,030 2,870 1,385 (630) (23.68) 5.87 7.84 1.15 7.84 23,386.94 33 PTPP IJ 975 2,020 484 (610) (38.49) 7.88 11.25 0.56 11.25 6,044.90 34 PWON IJ 424 715 266 (146) (25.61) 9.89 10.33 1.48 10.33 20,419.67 35 SCMA IJ 1,285 1,625 600 (125) (8.87) 21.19 18.93 3.63 18.93 18,985.45 36 SMGR IJ 9,225 13,500 5,475 (2,775) (23.13) 21.30 24.38 1.66 24.38 54,718.27 37 SRIL IJ 196 352 113 (64) (24.62) 3.09 - 0.44 - 4,008.63 38 TBIG IJ 1,290 1,365 730 60 4.88 28.39 26.74 4.93 26.74 29,227.53 39 TKIM IJ 6,750 12,475 3,750 (3,525) (34.31) 5.20 - 0.93 - 21,014.26 40 TLKM IJ 3,050 4,440 2,417 (867) (22.13) 16.51 14.52 2.84 14.52 302,139.76 41 TOWR IJ 1,135 1,150 575 330 40.99 23.97 21.84 6.12 21.84 57,901.60 42 UNTR IJ 21,350 24,575 12,000 (175) (0.81) 8.13 9.72 1.36 9.72 79,638.39 43 UNVR IJ 8,400 9,795 5,275 0 0.00 43.74 41.20 36.38 41.20 320,460.00 44 WIKA IJ 1,190 2,390 675 (800) (40.20) 5.09 9.05 0.75 9.05 10,674.24 45 _{WSKT IJ} 625 1,885 394 (860) (57.91) 32.06 39.35 0.53 39.35 8,483.72 MARKET CAP (Bn)

Macro data

Source: Bloomberg, Sinarmas Investment Research

www.sinarmassekuritas.co.id

D escriptio n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%) Property 0.27 (1.98) (6.69) (40.36) Basic Industry 0.06 (4.03) 4.21 (23.11) Trade (0.04) 0.77 2.78 (19.07) Finance 1.37 1.23 7.11 (16.22) M iscellaneous Industry 0.94 (0.01) 6.30 (24.69) Consumer 0.77 (0.01) 4.73 (8.12) Infrastructure 0.68 0.52 2.36 (20.53) Agriculture 0.13 0.60 12.54 (24.15) M ining (0.16) 0.88 11.95 (11.52) Jul-20 Jun-20 1.09 3.61 1.96 2.19 0.18 0.07 131.70 130.54 F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%) USD/IDR 14,600.00 - (2.29) (5.03) USD/CNY 6.98 0.48 1.27 (0.17) USD/EUR 0.85 0.20 (4.33) (4.62) USD/JPY 106.15 (0.30) 1.28 2.32 USD/SGD 1.38 (0.10) 1.35 (2.18) USD/AUD 1.40 0.19 (2.66) (1.59) USD/GBP 0.76 0.09 (4.53) 1.41 (in %) 4.68 0.31 1.46 6.00 6.83 7.27 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) Secto rs

Eco no mic Indicato rs

Inflation YTD (in %) Eco no mic P arameters

Technical Corner

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See important disclaimer at the end of this report

JCI : MIXED MENGUAT

Last price

: 5.149

Support

: 5.120, 5.074

Resistance

: 5.162, 5.187

JCI pada hari ini kami perkirakan akan bergerak XXXX dengan range 5.074 – 5.187. JCI berhasil break

Resistance di 5.135, berpeluang melanjutkan penguatan dengan mencoba break Resistance 5.162 dan 5.187,

Namun, jika JCI gagal bertahan diatas Resistance 5.135 maka akan menguji Support 5.120 dan 5.074.

Indikator MACD mengindikasikan pola Downtrend dan Stoc osc mulai membentuk pola Reversal.

Jakarta Composite Index (JCI)

Summary of portfolio:

Stock

Recommendation

Comment

AALI

BUY ON WEAKNESS

AALI tidak berhasil bertahan diatas Resistance 9.750, berpeluang menguji

Support di 9.550. Namun, jika AALI berhasil bertahan diatas Resistance 9.750,

akan mencoba Resistance 9.975 dan 10.200.

BBNI

HOLD

BBNI tidak berhasil break Resistance 4.700, berpeluang menguji Support

4.560 dan 4.510. Namun, jika BBNI berhasil break Resistance 4.700, akan

BSDE

REDUCE

BSDE breakdown Support 700 sebagai level Stop Loss, BSDE masih berpeluang

melanjutkan pelemahan dengan menguji Support 670.

SMRA

HOLD

SMRA bertahan pada Support 600, berpeluang mencoba Resistance 620 dan

635. Namun, jika SMRA tidak berhasil bertahan diatas Support 600, akan

menguji Support 585 dan 575.

AALI : BUY ON WEAKNESS

Last price

: 9.700

Target price

: 10.300 (7.9%)

Entry point

: 9.550

Stop loss

: 9.200 (-3.7%)

AALI tidak berhasil bertahan diatas Resistance 9.750, berpeluang menguji Support di 9.550. Namun, jika AALI berhasil

bertahan diatas Resistance 9.750, akan mencoba Resistance 9.975 dan 10.200. Indikator MACD mengindikasikan pola

Uptrend.

BBNI : HOLD

Last price

: 4.600

Target price

: 4.850 (5.4%)

Stop loss

: 4.410 (-4.1%)

BBNI tidak berhasil break Resistance 4.700, berpeluang menguji Support 4.560 dan 4.510. Namun, jika BBNI berhasil

break Resistance 4.700, akan mencoba Resistance Trendline 4.750 dan Resistance 4.850. Indikator MACD dan Stoc osc

mengindikasikan pola Downtrend.

Support

: 9.550, 9.300

Resistance

: 9.975, 10.200

Support

: 4.560, 4.510

Resistance

: 4.750, 4.850

Bank Negara Indonesia (Persero) Tbk (BBNI)

Tbk (AALI)

Bumi Serpong Damai Tbk (BSDE)

Summarecon Agung Tbk (SMRA)

www.sinarmassekuritas.co.id

See important disclaimer at the end of this report

BSDE : REDUCE

Last price

: 690

Stop loss : 700 (-4.8%)

BSDE breakdown Support 700 sebagai level Stop Loss, BSDE masih berpeluang melanjutkan pelemahan dengan

menguji Support 670. BSDE dilihat dari Indikator MACD dan Stoc osc mengindikasikan pola Downtrend.

SMRA : HOLD

Last price

: 600

Target price

: 660 (8.2%)

Stop Loss

: 575 (-5.7%)

SMRA bertahan pada Support 600, berpeluang mencoba Resistance 620 dan 635. Namun, jika SMRA tidak berhasil

bertahan diatas Support 600, akan menguji Support 585 dan 575. SMRA dilihat dari Indikator MACD mengindikasikan

pola Downtrend dan Stoc osc mengindikasikan pola Death Cross.

Support

: 670, 635

Resistance

: 720, 745

Support

: 585, 575

Resistance

: 620, 635

PT Sinarmas Sekuritas

Sinarmas Land Plaza Tower 3, 6th Fl.

Jl. M. H. Thamrin no. 51

Tel: +62 21 392 5550

Fax: +62 21 392 5540

research@sinarmassekuritas.co.id

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Equity Research Team

HEAD OF RESEARCH

Evan Lie Hadiwidjaja

Banking, Automotive

Tel: +62 21 3925550 Ext: 615

evan.hadiwidjaja@sinarmassekuritas.co.id

EQUITY ANALYST

Richard Suherman

Commodities

Tel: +62 21 3925550 Ext: 610

richard.suherman@sinarmassekuritas.co.id

EQUITY ANALYST

Richardson Raymond

Property, Industrial Estate

Tel: +62 21 3925550 Ext: 159

richardson.raymond@sinarmassekuritas.co.id

EQUITY ANALYST

Paulina

Consumer, Retail, Cement

Tel: +62 21 3925550 Ext: 610

paulina@sinarmassekuritas.co.id

RESEARCH ASSOCIATE

Andrianto Saputra

Tobacco, Plantation

Tel: +62 21 3925550 Ext: 159

andrianto.saputra@sinarmassekuritas.co.id

RESEARCH ASSOCIATE

Kharel Devin Fielim

Media, Poultry, Construction

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TECHNICAL ANALYST

Eddy Wijaya

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eddy.wijaya@sinarmassekuritas.co.id

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