Today s Market: Top Buy: ROTI, SMCB BoW: SMRA, BBTN

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Today’s Market:

IHSG diperkirakan bergerak mixed dengan kecenderungan

menguat. Bursa Amerika ditutup variatif diperkirakan

adanya kekhawatiran tentang Korea Utara. Dollar AS

cenderung menguat ditopang oleh rilisnya data

ketenagak-erjaan AS yang dinilai cukup positif. Dana Moneter

Interna-sional (IMF) menaikkan proyeksi pertumbuhan ekonomi

kawasan Asia Pasifik ke 5,5% di tahun 2017 dari

sebelum-nya 5,3%. Dalam laporansebelum-nya, meski dalam jangka pendek

masih terdapat ketidakpastian namun ekonomi di kawasan

ini dianggap tetap besar, dan data terbaru cenderung

menunjukkan adanya momentum kenaikan. Dari dalam

negeri, pertumbuhan investasi mulai membaik tercatat di

level 4,8% kuartal I 2017 dan diperkirakan mampu

menem-bus 6% tahun ini, setelah tahun lalu turun menjadi 4,48% di

bawah pertumbuhan ekonomi. Secara teknikal indeks hari

Rabu (10/5), IHSG diprediksi bergerak di kisaran

5678-5764.

Wednesday, May 10, 2017

Source: Bloomberg, Sinarmas Investment Research

Top Buy:

ROTI, SMCB

BoW:

SMRA, BBTN

IDX Statistics Closing

JCI 5,697.06

Transaction Value Regular Market (IDR tn) 5.646 Transaction Volume Regular Market (mn shares) 6,158 Foreign Net Buy (Sell) (IDR bn) 679.10

Foreign Net Buy (Sell) 1.97

Total Market Capitalization (IDR tn) 6,224.51

LQ45 946.83 (0.23) 19.54 EIDO 26.84 0.49 28.61 IDX 23.38 0.17 27.00 DOW JONES 20,975.78 (0.17) 20.38 S&P 500 2,396.92 (0.10) 17.27 NASDAQ 6,120.59 0.29 22.23 FTSE 7,342.21 0.57 17.62 NIKKEI 19,843.00 (0.26) 4.25 HANG SENG 24,889.03 1.27 13.57 STRAITS TIMES 3,249.97 0.40 12.74 KLSE 1,766.56 (0.09) 4.38 USD/IDR 13,352.00 0.25 0.88 EUR/IDR 14,550.09 0.06 (2.70) JPY/IDR 117.32 (0.20) (1.88) SGD/IDR 9,468.27 0.06 (1.66) AUD/IDR 9,817.01 (0.25) (0.95) GBP/IDR 17,296.36 0.32 (4.42)

Crude Oil (USD/barrel) 46.22 8:21:05 AM (13.98) Coal (USD/mn tons) 67.40 5/9/2017 (18.80) Natural Gas (USD/mmBtu) 3.21 8:16:38 AM (13.72) Gold (USD/ounce) 1,221.71 8:31:13 AM 6.47 Nickel (USD/mn tons) 9,210.00 8:31:13 AM (8.08) Tins (USD/mn tons) 19,715.00 8:27:24 AM (6.67) CPO (MYR/mn tons) 2,850.00 5/9/2017 (11.44) Rubber (JPY/kg) 261.90 8:05:16 AM (0.04) Wheat (USD/bushel) 421.75 5/9/2017 3.37 Corn (USD/bushel) 358.25 5/9/2017 1.78

Commodities

Other Indices Closing 1-Day Chg (%) _{Chg (%)}YTD

Currency Spot Rate Rate (IDR) 1-Day Chg (%) _{Chg (%)}YTD

P rice _TransactionLast _{Chg (%)}YTD

IHSG turun sebanyak 10.8 poin (0.19%) ke level 5697.06.

Sementara LQ45 turun sebanyak 2.1 poin (0.23%) ke level

946.83. Foreign net buy sebesar Rp 679.1 miliar.

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Daily Corporate and Industry News



Sejumlah asumsi makro ekonomi dalam Anggaran Pendapatan dan Belanja Negara 2017 akan dipertahankan

menyusul pencapaian pertumbuhan ekonomi pada kuartal I/2017 dan prospek ke depan yang masih

meyak-inkan. Source: Bisnis Indonesia



_{Menteri Keuangan Sri Mulyani Indrawati menyatakan, pertumbuhan investasi mulai membaik menjadi 4,8%}

kuartal I/2017 dan tahun ini diperkirakan menembus 6% atau di atas target pertumbuhan ekonomi 5,1%. Ke

depan, pertumbuhan investasi harus didongkrak menjadi 8-12% agar pertumbuhan ekonomi melaju lebih

cepat. Source: Investor Daily



_{Harga minyak mentah mengalami tekanan seiring dengan sikap pasar yang wait and see jelang rapat}

Organi-zation of the Petroleum Exporting Countries (OPEC) pada 25 Mei 2017 terkait perpanjangan masa

pemangka-san produksi. Source: Bisnis Indonesia



Pencapaian investasi minyak dan gas (migas) hingga kuartal I-2017 masih lesu. Masalah utamanya, harga

minyak yang masih bergerak di bawah US$ 50 per barel. Ditambah banyaknya peraturan-peraturan baru

pe-merintah di sektor hulu migas. Source: Kontan



Sebagian besar industri minuman ringan di Indonesia masih mendapatkan pasokan bahan baku impor. Salah

satunya adalah Kalbe Farma (KLBF). Perusahaan farmasi tersebut juga turut bermain di bisnis minuman

rin-gan berbahan dasar susu, seperti Prenagen, Diabetasol, dan Morinaga. Source: Kontan



Produksi kendaraan bermotor selama kuartal I/2017 meningkat signifikan, yang mengindikasikan kondisi

ekonomi mulai pulih. Sementara itu, pengembangan segmen baru green car diyakini kian mendongkrak

pen-jualan dan daya saing industri nasional. Source: Bisnis Indonesia



Lembaga Penjamin Simanan (LPS) mempertahankan tingkat bunga penjaminan untuk simpanan perbankan

6,25% untuk simpanan rupiah di bank konvensional. Source: Investor Daily



_{Harga tembaga merosot ke level terendah sepanjang tahun berjalan seiring dengan melambatnya permintaan}

China sebagai konsumen terbesar di dunia. Source: Bisnis Indonesia



Kontraktor milik negara, Adhi Karya (ADHI), melalui anak usahanya, PT Adhi Persada Beton, berencana

mem-bangun pabrik beton baru dengan kapasitas 300.000 ton per tahun di lokasi yang belum disebutkan oleh

manajemen perusahaan. Source: Bisnis Indonesia

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Daily Corporate and Industry News



Pembatalan rencana penjualan 68,55% saham Wahana Ottomitra Multiartha (WOMF) milik Bank Maybank

Indonesia (BNII) ke Reliance Capital Management (RCM) akan berbuntut panjang. Source: Kontan



Samindo Resources (MYOH) mengalokasikan dana belanja modal senilai US$ 3 juta. Alokasi belanja modal

tersebut relatif tidak besar karena perusahaan jasa pertambangan ini tidak berencana menambah alat berat

tambang. Source: Kontan



Krakatau Steel (KRAS) masih menunda proses peniupan tungku proyek peleburan baja alias blast furnace,

yang sejatinya bisa terlaksana Maret 2017. Penundaan ini lantaran adanya beberapa kendala. Source: Kontan



_{Adi Sarana Armada (ASSA) mencetak pendapatan Rp 410,92 miliar per kuartal I-2017. Pendapatan itu}

tum-buh 12,49% dibandingkan pendapatan kuartal I-2016. Adapun laba tahun berjalan yang dapat diatribusikan

kepada pemilik entitas induk atau laba bersih naik dua kali lipat lebih menjadi Rp 22,91 miliar. Source:

Kon-tan



Memiliki lebih dari 200 gerai rupanya belum cukup bagi Prodia Widyahusada. Pemilik jaringan laboratorium

Prodia itu, masih merencanakan penambahan lima hingga tujuh gerai baru lagi pada tahun ini. Lokasi yang

mereka bidik di Jakarta, Jawa Timur, dan Papua. Source: Kontan

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World Equity Indices

N O IN D IC ES

1 DOW JONES INDUS. AVG 21,169.11 17,063.08 3,550.75 20.38 15.97 17.35 2.99 3.07 6,001.24 6,001.24 2 S&P 500 INDEX 2,403.87 1,991.68 352.98 17.27 18.85 18.48 2.77 2.84 21,398.21 21,398.21 3 NASDAQ COM POSITE INDEX 6,133.00 4,574.25 1,113.18 22.23 29.89 23.29 3.61 3.79 9,530.14 9,530.14 4 S&P/TSX COM POSITE INDEX 15,943.09 13,581.98 2,559.25 19.67 21.27 16.84 1.63 1.55 2,327.93 1,693.90 5 M EXICO IPC INDEX 50,147.04 43,902.25 6,961.97 16.20 30.60 18.31 2.57 2.60 5,754.43 300.01

6 Euro Stoxx 50 Pr 3,666.80 2,678.27 381.56 11.68 20.02 15.52 1.50 1.58 3,045.31 3,318.17 7 FTSE 100 INDEX 7,447.00 5,788.74 1,099.89 17.62 34.32 14.97 1.81 1.85 1,987.46 2,572.97 8 CAC 40 INDEX 5,442.10 3,955.98 760.95 16.41 23.87 15.92 1.44 1.54 1,521.58 1,657.92 9 DAX INDEX 12,783.23 9,214.10 2,006.11 18.67 20.68 14.06 1.70 1.75 1,222.24 1,331.75 10 IBEX 35 INDEX 11,184.40 7,579.80 1,505.00 15.77 20.05 15.42 1.39 1.48 689.31 751.07 11 FTSE M IB INDEX 21,664.14 15,017.42 68.58 0.32 128.97 14.98 1.12 1.20 504.80 550.03 12 AEX-Index 537.84 409.23 94.44 21.38 26.94 17.07 1.60 1.69 642.56 700.13 13 SWISS M ARKET INDEX 9,121.10 7,475.54 295.74 3.35 18.25 18.19 2.59 2.68 1,136.26 1,128.03

14 S&P/ASX 200 INDEX 5,956.52 5,051.00 544.00 10.27 22.84 16.10 1.85 1.82 1,673.56 1,229.23 15 ALL ORDINARIES INDX 5,983.20 5,131.90 529.93 9.92 28.03 16.42 1.82 1.79 1,811.60 1,330.62 16 CSI 300 INDEX 3,583.72 3,027.44 (378.47) (10.14) 15.77 12.91 2.05 1.99 23,892.37 3,460.15 17 SHANGHAI SE A SHARE INDX 3,456.92 2,910.50 (478.41) (12.92) 18.80 13.42 1.99 1.93 29,253.96 4,236.63 18 SHENZHEN SE A SHARE INDX 2,243.11 1,818.47 (482.82) (19.99) 52.98 23.41 4.72 4.62 21,911.43 3,173.27 19 HANG SENG INDEX 24,974.10 19,594.61 2,974.63 13.57 10.69 12.38 1.17 1.20 15,766.88 2,025.55 20 HANG SENG CHINA ENT INDX 10,698.28 8,175.96 467.96 4.84 7.25 8.19 0.95 0.95 4,623.71 594.00 21 S&P BSE SENSEX INDEX 30,184.22 25,181.47 3,815.71 14.61 19.28 17.94 2.81 2.85 50,520.06 781.15 22 Nifty 50 9,377.10 7,715.80 1,370.50 17.25 20.73 17.74 2.67 2.72 65,806.82 1,017.52 23 JAKARTA COM POSITE INDEX 5,745.85 4,690.56 1,104.05 24.04 26.88 16.22 2.35 2.37 6,224,514.05 465.66 24 JAKARTA LQ-45 INDEX 958.25 799.21 154.80 19.54 17.14 17.88 2.85 2.90 4,116,723.71 307.98 25 KARACHI 100 INDEX 51,488.56 35,947.70 18,256.83 55.63 9.01 11.71 1.59 1.71 8,612.75 82.17 26 NIKKEI 225 19,929.48 14,864.01 809.29 4.25 20.15 17.30 1.70 1.81 351,307.62 3,076.79 27 NIKKEI 300 INDEX 315.88 239.50 3.55 1.14 16.69 13.83 1.36 1.43 402,761.47 3,527.43 28 TOPIX INDEX (TOKYO) 1,587.23 1,192.80 34.47 2.23 16.60 14.31 1.31 1.39 594,031.04 5,202.58 29 FTSE Bursa M alaysia KLCI 1,784.79 1,611.88 74.05 4.38 17.98 16.66 1.78 1.80 1,065.91 245.21 30 S&P NZX All Index 1,427.66 1,243.04 144.43 11.86 19.80 19.89 1.88 1.94 114.60 78.99 31 PSEi - PHILIPPINE SE IDX 8,118.44 6,499.00 971.42 13.97 20.04 19.28 2.47 2.55 9,536.79 190.83 32 Straits Times Index STI 3,250.26 2,703.48 367.24 12.74 13.26 14.89 1.14 1.16 516.35 365.89 33 KOSPI INDEX 2,323.22 1,892.75 331.45 16.90 14.72 9.99 0.94 1.02 1,427,768.83 1,256.56 34 TAIWAN TAIEX INDEX 10,001.94 7,999.98 1,577.42 18.92 13.82 13.91 1.44 1.48 29,225.23 964.75 35 STOCK EXCH OF THAI INDEX 1,600.79 1,343.13 272.29 21.14 21.94 15.19 1.71 1.68 15,385.49 442.38 36 THAI SET 50 INDEX 1,009.23 850.23 179.91 22.11 19.86 14.75 1.77 1.75 9,798.55 281.74 37 HO CHI M INH STOCK INDEX 732.87 597.68 143.08 24.71 12.53 14.00 1.72 1.70 1,758,184.83 77.34

2015 2016E _{C urrency}D o main USD

LOW P OIN T % 2015 2016E

A sia/ P acific A merica

52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)

Euro pe

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LQ45

H IG H L O W P O IN T % 2 0 1 5 2 0 1 6 E 2 0 1 5 2 0 1 6 E 1 A A L I IJ 1 4 ,5 2 5 1 7 ,9 5 0 1 3 ,1 2 6 (5 7 8 ) (3 .8 3 ) 4 0 .3 2 1 4 .3 9 2 .2 1 1 .6 0 2 7 ,9 5 6 .1 0 2 A D H I IJ 2 ,2 0 0 2 ,9 0 0 1 ,8 3 0 6 0 2 .8 0 1 4 .0 8 1 3 .2 9 1 .4 8 1 .2 8 7 ,8 3 3 .8 7 3 A D R O IJ 1 ,5 5 0 1 ,9 4 0 6 5 5 1 ,0 3 5 2 0 0 .9 7 7 .7 9 8 .9 2 0 .4 1 1 .0 8 4 9 ,5 7 8 .2 4 4 A K R A IJ 6 ,5 7 5 7 ,1 0 0 5 ,4 0 0 (6 0 0 ) (8 .3 6 ) 2 7 .3 1 2 1 .3 4 4 .6 5 3 .4 0 2 6 ,3 0 0 .9 4 5 A N TM IJ 6 3 0 1 ,0 0 5 6 1 5 3 1 6 1 0 0 .6 4 - 5 4 .9 4 0 .4 1 0 .8 4 1 5 ,1 3 9 .3 8 6 A S II IJ 8 ,7 0 0 9 ,3 5 0 6 ,0 0 0 2 ,7 0 0 4 5 .0 0 1 6 .7 8 1 7 .8 7 2 .3 8 2 .8 5 3 5 2 ,2 0 6 .9 1 7 A S R I IJ 3 4 2 5 8 5 3 3 2 (1 ) (0 .2 9 ) 1 2 .0 8 7 .7 4 1 .0 4 0 .8 6 6 ,7 2 0 .1 0 8 B B C A IJ 1 8 ,0 0 0 1 8 ,3 5 0 1 2 ,6 2 5 4 ,7 0 0 3 5 .3 4 1 8 .2 1 1 9 .3 6 3 .6 7 3 .4 4 4 4 3 ,7 9 0 .1 7 9 B B N I IJ 6 ,6 5 0 6 ,9 5 0 4 ,2 7 0 1 ,6 6 0 3 3 .2 7 1 0 .2 6 9 .3 0 1 .2 1 1 .3 0 1 2 4 ,0 1 3 .5 7 1 0 B B R I IJ 1 4 ,0 0 0 1 4 ,3 5 0 9 ,5 2 5 2 ,5 7 5 2 2 .5 4 1 1 .0 9 1 2 .2 9 2 .4 8 2 .1 1 3 4 5 ,3 6 8 .2 7 1 1 B B TN IJ 2 ,4 5 0 2 ,4 9 0 1 ,5 6 0 1 ,1 5 5 8 9 .1 9 7 .4 0 8 .8 3 0 .9 9 1 .2 0 2 5 ,9 4 5 .5 0 1 2 B M R I IJ 1 2 ,0 0 0 1 2 ,4 2 5 8 ,6 5 0 2 ,7 5 0 2 9 .7 3 1 0 .6 1 1 3 .9 9 1 .8 4 1 .7 3 2 8 0 ,0 0 0 .0 0 1 3 B U M I IJ 3 7 8 5 2 0 5 0 3 2 8 6 5 6 .0 0 - 5 .6 6 - 3 .1 4 1 3 ,8 4 5 .0 1 1 4 B S D E IJ 1 ,8 2 5 2 ,3 8 0 1 ,5 5 0 2 5 1 .3 9 1 5 .9 2 1 4 .8 4 1 .8 4 1 .5 0 3 5 ,1 2 5 .2 2 1 5 C P IN IJ 3 ,0 7 0 4 ,0 2 0 2 ,8 5 0 4 7 0 1 8 .0 8 2 4 .5 5 1 5 .3 9 3 .3 4 3 .0 3 5 0 ,3 4 1 .8 6 1 6 EL S A IJ 3 2 8 6 2 0 3 2 4 8 1 3 2 .7 9 4 .8 1 - 0 .6 9 - 2 ,3 9 3 .9 1 1 7 G G R M IJ 7 1 ,2 0 0 7 7 ,9 5 0 5 9 ,2 2 5 1 6 ,2 0 0 2 9 .4 5 1 6 .4 4 1 8 .0 9 2 .7 9 3 .1 0 1 3 6 ,9 9 5 .0 7 1 8 H M S P IJ 3 ,8 1 0 4 ,2 5 0 3 ,5 6 0 5 0 1 .3 3 3 2 .3 0 3 2 .6 7 1 3 .6 6 1 2 .3 8 4 4 3 ,1 7 1 .8 7 1 9 IC B P IJ 8 ,6 2 5 1 0 ,2 7 5 7 ,5 5 0 1 ,8 8 7 2 8 .0 1 2 6 .1 9 2 5 .7 3 5 .0 8 5 .0 8 1 0 0 ,5 8 3 .9 6 2 0 IN C O IJ 1 ,9 3 0 3 ,6 3 0 1 ,4 9 0 2 9 5 1 8 .0 4 2 1 .2 1 3 6 .1 0 0 .6 4 0 .7 5 1 9 ,1 7 7 .1 3 2 1 IN D F IJ 8 ,4 7 5 9 ,2 0 0 6 ,8 2 5 3 ,3 0 0 6 3 .7 7 1 7 .6 6 1 6 .4 8 1 .6 7 2 .3 2 7 4 ,4 1 4 .1 1 2 2 IN TP IJ 1 6 ,7 0 0 1 9 ,4 0 0 1 4 ,2 7 5 (5 ,6 2 5 ) (2 5 .2 0 ) 1 8 .8 6 1 7 .7 0 3 .4 4 2 .1 9 6 1 ,4 7 6 .5 7 2 3 J S M R IJ 4 ,7 8 0 5 ,6 6 2 3 ,9 0 0 (4 3 3 ) (8 .3 1 ) 2 3 .5 9 1 7 .9 6 3 .4 1 2 .3 1 3 4 ,6 9 2 .6 2 2 4 K L B F IJ 1 ,5 5 5 1 ,8 1 5 1 ,2 9 5 2 3 5 1 7 .8 0 3 1 .0 7 2 8 .5 6 5 .9 1 5 .4 5 7 2 ,8 9 0 .8 1 2 5 L P K R IJ 8 2 0 1 ,2 1 5 6 9 0 (2 1 5 ) (2 0 .7 7 ) 4 4 .0 2 1 7 .2 1 1 .4 4 0 .9 4 1 8 ,9 2 3 .7 1 2 6 L P P F IJ 1 5 ,0 7 5 2 2 ,5 7 5 1 1 ,1 7 5 (2 ,5 2 5 ) (1 4 .3 5 ) 2 8 .8 5 1 9 .8 3 4 6 .4 3 1 4 .6 8 4 3 ,9 8 7 .6 2 2 7 L S IP IJ 1 ,4 3 5 1 ,9 0 5 1 ,3 3 0 1 1 5 8 .7 1 1 4 .5 1 1 2 .5 2 1 .2 3 1 .1 9 9 ,7 9 0 .8 1 2 8 M N C N IJ 2 ,0 2 0 2 ,3 7 0 1 ,4 7 0 1 6 5 8 .8 9 2 1 .9 0 1 6 .0 1 2 .8 9 2 .6 1 2 8 ,8 3 7 .7 3 2 9 EX C L IJ 3 ,1 2 0 3 ,9 5 0 2 ,0 3 0 (4 8 0 ) (1 3 .3 3 ) - 7 4 .1 0 2 .2 1 1 .5 2 3 3 ,3 4 6 .4 4 3 0 M YR X IJ 1 3 1 1 9 2 1 0 8 4 3 .1 5 1 1 1 .7 0 1 0 1 .9 5 8 .9 2 1 7 9 .4 5 1 0 ,3 1 2 .2 2 3 1 P G A S IJ 2 ,4 2 0 3 ,5 2 0 2 ,1 7 0 (3 2 5 ) (1 1 .8 4 ) 1 1 .9 6 1 0 .6 5 1 .5 9 1 .3 4 5 8 ,6 6 4 .4 5 3 2 P TB A IJ 1 1 ,3 7 5 1 4 ,2 0 0 6 ,1 2 5 6 ,8 5 0 1 5 1 .3 8 4 .8 2 8 .6 6 1 .0 4 2 .0 0 2 6 ,2 0 9 .5 0 3 3 P TP P IJ 2 ,9 0 0 4 ,6 1 0 2 ,6 9 0 (7 8 3 ) (2 1 .2 6 ) 2 5 .4 0 1 2 .7 0 4 .2 5 1 .6 8 1 7 ,9 7 9 .7 0 3 4 P W O N IJ 6 6 0 7 6 5 4 8 2 1 6 4 3 3 .0 6 1 8 .9 3 1 5 .5 7 3 .3 1 2 .9 5 3 1 ,7 8 5 .3 4 3 5 S C M A IJ 2 ,8 7 0 3 ,5 5 0 2 ,1 3 0 (2 3 0 ) (7 .4 2 ) 2 9 .6 5 2 3 .2 8 1 4 .4 1 1 0 .2 6 4 1 ,9 6 4 .0 0 3 6 P P R O IJ 2 3 4 3 7 2 7 0 1 9 0 4 3 1 .8 2 7 .0 9 3 0 .1 9 0 .9 9 - 1 4 ,4 3 2 .8 7 3 7 S M G R IJ 8 ,7 5 0 1 1 ,8 7 5 8 ,0 5 0 (2 ,6 5 0 ) (2 3 .2 5 ) 1 4 .9 5 1 3 .8 0 2 .5 6 1 .6 8 5 1 ,9 0 0 .8 0 3 8 S M R A IJ 1 ,4 0 0 1 ,9 7 0 1 ,2 2 5 (2 5 0 ) (1 5 .1 5 ) 2 7 .9 0 4 5 .6 0 3 .9 6 2 .9 1 2 0 ,1 9 7 .4 9 3 9 S R IL IJ 3 3 8 4 9 6 2 0 4 (5 1 ) (1 3 .1 1 ) 9 .4 6 6 .3 2 1 .8 9 - 6 ,2 8 4 .4 0 4 0 S S M S IJ 1 ,6 9 5 1 ,9 2 0 1 ,3 0 0 (2 5 5 ) (1 3 .0 8 ) 3 7 .3 6 2 2 .0 1 6 .1 6 4 .0 5 1 6 ,1 4 4 .8 8 4 1 TL K M IJ 4 ,3 4 0 4 ,5 5 0 3 ,5 6 4 1 ,2 6 3 4 1 .0 5 1 9 .5 0 1 8 .9 1 4 .0 2 4 .4 9 4 3 7 ,4 7 1 .9 8 4 2 U N TR IJ 2 5 ,5 0 0 2 9 ,4 5 0 1 2 ,5 5 0 8 ,5 5 0 5 0 .4 4 1 6 .4 0 1 4 .6 1 1 .6 7 2 .1 1 9 5 ,1 1 8 .4 5 4 3 U N V R IJ 4 6 ,2 0 0 4 7 ,8 0 0 3 7 ,8 2 5 9 ,2 0 0 2 4 .8 6 4 8 .2 6 4 8 .8 0 5 8 .4 8 6 3 .6 5 3 5 2 ,5 0 6 .0 0 4 4 W IK A IJ 2 ,2 4 0 3 ,1 3 9 2 ,0 3 7 (2 0 5 ) (8 .3 8 ) 2 5 .7 4 1 5 .8 7 3 .7 1 1 .5 4 2 0 ,0 9 2 .6 9 4 5 _{W S K T IJ} 2 ,2 7 0 2 ,8 6 0 2 ,1 2 0 6 0 0 3 5 .9 3 2 0 .6 6 1 2 .7 8 2 .3 7 1 .9 3 3 0 ,8 1 2 .3 2 M A R K ET C A P (B n ) L Q 4 5 In d e x 9 -M ay -1 7 5 2 -W EEK C H A N G E Y TD P ER (x ) P B V (x )

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Macro data

D escriptio n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%) Property (0.77) (0.50) 1.48 (4.15) Basic Industry (0.76) 1.87 0.05 14.02 Trade 0.33 1.14 0.55 7.57 Finance (0.34) 1.97 2.61 12.52 M iscellaneous Industry (0.79) (2.63) 0.90 7.69 Consumer 0.92 1.86 1.29 6.79 Infrastructure (0.28) (1.59) 2.95 6.89 Agriculture (1.09) (1.19) (2.84) (3.55) M ining (2.42) (7.34) (10.73) 0.33 A pr-17 M ar-17 1.28 7.75 4.17 3.61 0.09 -0.02 123.25 121.81 -0.34 5.01 4.94 F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%) USD/IDR 13,357.00 (0.04) (0.53) 0.87 USD/CNY 6.91 (0.04) (0.06) 0.54 USD/EUR 0.92 (0.20) (2.74) (3.45) USD/JPY 113.92 0.05 (2.62) 2.67 USD/SGD 1.41 0.07 (0.40) 2.56 USD/AUD 1.36 (0.18) 1.95 (2.13) USD/GBP 0.77 (0.13) (4.13) (4.69) (in %) 7.12 0.68 1.46 6.79 7.13 7.55 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) GDP Growth QoQ (in %) GDP Growth YoY (in %) Secto rs

Eco no mic Indicato rs Inflation YTD (in %) Eco no mic P arameters Inflation YoY (in %)

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Upcoming IPO

Dividend

Rights Issue

2016 2017 APBNP RAPBN GDP Growth (%, YoY) _5,2% _5,3%

Exchange rate (USD/IDR) ₁₃₅₀₀ ₁₃₃₀₀

Inflation (%, YoY) _4% _4%

3 Months SPN (%) _5,5% _5,3%

Indonesian Crude Oil (USD/barrel) ₄₀ ₄₅

Oil Lifting ( thousands barrel/day) ₈₂₀ ₇₈₀

Gas Lifting (thousands, BOE/day) _1.11 _1.15

Total State Budget (in IDR trillion) ₁₇₈₆ ₁₇₃₇

INDICATOR

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

XCID 1.4833 Cash 02/03/2017 _03/03/2017 _07/03/2017 21/03/2017

BJTM 43.64 Cash 07/02/2017 08/02/2017 10/02/2017 02/03/2017

Ticker Price (Rp) Cum Date EX Date Trading

BKSL 3 : 5 112 30/03/2017 31/03/2017 06/04/2017 - 12/04/2017 PPRO 30/03/2017 31/03/2017 06/04/2017 - 12/04/2017 LEAD 07/03/2017 08/03/2017 15/03/2017 - 21/03/2017 POOL 1 : 4 250 06/03/2017 07/03/2017 13/03/2017 - 17/03/2017 RIMO 597 : 5 101 06/03/2017 07/03/2017 13/03/2017 - 17/03/2017 BPFI 100 : 613 284 02/03/2017 03/03/2017 09/03/2017 - 15/03/2017 LEAD 27/02/2017 28/02/2017 08/03/2017 - 14/03/2017 PSKT 3 : 5 100 09/02/2017 10/02/2017 16/02/2017 - 22/02/2017 BULL 1 : 1 100 06/01/2016 07/02/2017 13/02/2017 - 21/02/2017 Ratio

State Budget

Company Business IPO Price

(Rp)

Issued Shares (Mn)

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Picks of The Day

SMRA : Buy on Weakness

SMRA memiliki indikator MACD dan Rsi yang mengindikasikan pola Uptrend. SMRA belum berhasil menembus Resistance pada level harga 1460 dan

terbuka peluang untuk mencoba level Support pada level 1375 dalam jangka pendek. Trading Range : 1350 — 1470 .

Fundamental :

BBTN : Buy on Weakness

BBTN memiliki indikator Stoc osc , MACD dan Rsi yang mengindikasikan pola Uptrend. BBTN belum berhasil menembus Resistance pada level 2520 dan

terbuka peluang untuk mencoba level Support pada level 2430 dalam jangka pendek, Trading range : 2400 — 2550.

Fundamental :

Wednesday, May 10, 2017

C reat ed wit h Am iBrok er - adv anc ed c hart ing and t ec hnic al analy s is s of t ware. ht t p: / / www. am ibrok er. c om

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May

1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 2,000 SMRA - Daily 5/9/2017 4:00:00 PM Open 1395, Hi 1445, Lo 1385, Clos e 1400 (0.7%)MA(Clos e,50)= 1,368.00

1,400 1,368

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May -100

-50 0 50 SMRA -MACD(12,26)= 6.96,Signal(12,26,9)= 3.74

6.96012 3.74174

20 80 SMRA -Stoch %K(15,3)= 63.43,Stoch %D(15,3,3)= 62.35

63.4271 62.3547 30 70 SMRA -RSI(15)= 56.15 56.1526

1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2,500 BBTN - Daily 5/9/2017 4:14:09 PM Open 2450, Hi 2490, Lo 2400, Clos e 2450 (0.4%)MA(Clos e,50)= 2,251.20

2,450

2,251.2

-50 0 50 BBTN -MACD(12,26)= 41.07,Signal(12,26,9)= 34.05 41.0741 34.0511 20 80 BBTN -Stoch %K(15,3)= 90.77,Stoch %D(15,3,3)= 86.11 90.7674 86.1099 30 70 BBTN -RSI(15)= 70.36 70.364

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Picks of The Day

ROTI : Trading Buy

ROTI memiliki indikator Stoc osc ,Macd dan Rsi mengindikasikan pola Uptrend, ROTI berhasil menembus Resistance di level harga 1700 sehingga

terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 1750 Trading Range : 1670 — 1770.

Fundamental :

SMCB : Trading Buy

SMCB memiliki indikator Stoc osc, Macd, dan Rsi mengindikasikan pola Uptrend, SMCB berhasil menembus Resistance di level harga 905 sehingga

terbuka peluang untuk menguji Resistance dalam jangka pendek pada level harga 915 Trading range : 880 — 940.

Fundamental :

1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800 ROTI - Daily 5/9/2017 4:14:29 PM Open 1650, Hi 1715, Lo 1650, Clos e 1675 (1.5%)MA(Clos e,50)= 1,567.30

1,675

1,567.3

-20 0 20 40 60 ROTI -MACD(12,26)= 25.61,Signal(12,26,9)= 24.85

25.6134 24.8508

20 80 ROTI -Stoch %K(15,3)= 79.34,Stoch %D(15,3,3)= 77.73

79.3363 77.7275 30 70 ROTI -RSI(15)= 61.59 61.5934

900 950 1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400 SMCB - Daily 5/9/2017 4:12:29 PM Open 885, Hi 905, Lo 885, Clos e 900 (1.1%)MA(Clos e,50)= 905.90

900 905.9

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2017 Feb Mar Apr May -40

-20 0 20 40 SMCB -MACD(12,26)= -4.02,Signal(12,26,9)= -3.45 -4.01867 -3.45476 20 80 SMCB -Stoch %K(15,3)= 61.90,Stoch %D(15,3,3)= 49.80 61.9048 49.8016 30 70 SMCB -RSI(15)= 49.94 49.9369

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Source: Bloomberg, Sinarmas Investment Research These recommendations are based on technical indicators and are suitable for daily trading purposes.

TICKER REC PRICE ENTRY EXIT S2 S1 R1 R2

AALI Sell 14,525 14,058 14,625 13,892 14,292 14,692 14,858 LSIP Buy 1,435 1,405 1,470 1,380 1,420 1,460 1,485 BWPT BoW 284 269 298 259 277 295 305 BMRI Buy 12,000 11,900 12,150 11,800 11,950 12,100 12,200 BBRI Buy 14,000 13,767 14,350 13,533 13,883 14,233 14,467 BBCA Buy 18,000 17,567 18,350 17,283 17,783 18,283 18,567 BBNI Buy 6,650 6,517 6,800 6,408 6,583 6,758 6,867 BBTN Buy 2,450 2,357 2,490 2,313 2,403 2,493 2,537 BJTM Buy 685 662 710 643 673 703 722 BJBR BoW 1,995 1,985 2,010 1,975 1,990 2,005 2,015 INDF Buy 8,475 8,408 8,525 8,367 8,442 8,517 8,558 ICBP Sell 8,625 8,558 8,675 8,517 8,592 8,667 8,708 GGRM Buy 71,200 69,067 72,000 68,133 70,133 72,133 73,067 UNVR Buy 46,200 45,783 46,425 45,567 45,992 46,417 46,633 CPIN BoW 3,070 3,037 3,120 3,003 3,053 3,103 3,137 ASII Sell 8,700 8,567 8,900 8,433 8,633 8,833 8,967 SMGR Sell 8,750 8,667 8,775 8,633 8,708 8,783 8,817 INTP Sell 16,700 16,317 16,775 16,183 16,508 16,833 16,967 SMCB BoW 900 877 905 868 888 908 917 TLKM Buy 4,340 4,253 4,450 4,177 4,297 4,417 4,493 PGAS Buy 2,420 2,380 2,460 2,350 2,400 2,450 2,480 JSMR Buy 4,780 4,687 4,860 4,623 4,733 4,843 4,907 TBIG BoW 5,675 5,542 5,875 5,408 5,608 5,808 5,942 MAPI Buy 6,725 6,525 6,775 6,450 6,625 6,800 6,875 RALS Buy 1,370 1,253 1,385 1,217 1,312 1,407 1,443 ACES Buy 995 972 1,010 958 983 1,008 1,022 MPPA BoW 855 842 875 828 848 868 882 PTBA BoW 11,375 10,758 11,700 10,442 11,067 11,692 12,008 ADRO BoW 1,550 1,450 1,620 1,390 1,500 1,610 1,670 ITMG BoW 17,425 16,708 18,400 16,042 17,067 18,092 18,758 ANTM BoW 630 613 655 597 622 647 663 TINS BoW 900 890 905 885 895 905 910 UNTR BoW 25,500 24,033 26,200 23,317 24,767 26,217 26,933 ASRI BoW 342 333 352 325 337 349 357 LPKR Buy 820 790 845 770 805 840 860 CTRA BoW 1,175 1,152 1,210 1,128 1,163 1,198 1,222 APLN BoW 204 199 208 195 201 207 211 SMRA Buy 1,400 1,350 1,445 1,315 1,375 1,435 1,470 SSIA Sell 725 682 750 658 703 748 772 BSDE Buy 1,825 1,772 1,865 1,738 1,798 1,858 1,892 PTPP BoW 2,900 2,787 3,010 2,703 2,843 2,983 3,067 WSKT BoW 2,270 2,223 2,340 2,177 2,247 2,317 2,363 WIKA BoW 2,240 2,173 2,320 2,117 2,207 2,297 2,353 ADHI BoW 2,200 2,153 2,250 2,117 2,177 2,237 2,273 M INING

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