See important disclaimer at the end of this report

(1)

ID X St at ist ics C lo sing

JCI 5,874.30

Transaction Value Regular M arket (IDR tn) 4.064 Transaction Volume Regular M arket (mn shares) 6,597

Foreign Net Buy (Sell) (IDR bn) 20

Foreign Net Buy (Sell) (3.75)

Total M arket Capitalization (IDR tn) 6,644.94

LQ45 926.61 (0.15) (14.15)

STRAITS TIM ES 3,236.08 0.53 (4.90)

KLSE 1,794.47 (0.32) (0.13)

Crude Oil (USD/barrel) 71.94 7:52:07 AM 19.07

Coal (USD/mn tons) 113.70 9/25/2018 12.80

Natural Gas (USD/mmBtu) 3.08 6:31:28 AM 4.20

Gold (USD/ounce) 1,200.44 8:02:10 AM (7.86)

Nickel (USD/mn tons) 12,925.00 8:02:01 AM 1.29

Tins (USD/mn tons) 18,900.00 9/25/2018 (5.62)

CPO (M YR/mn tons) 2,148.00 9/25/2018 (12.11)

Rubber (JPY/kg) 146.40 7:44:34 AM (28.72)

Wheat (USD/bushel) 523.50 7:51:58 AM 22.60

Corn (USD/bushel) 363.50 7:50:07 AM 3.64

C o mmo dit ies

• I HSG diperkirakan bergerak m ix ed dengan kecenderungan m elem ah. Bursa AS dit ut up m elem ah pada perdagangan bergerak di kisaran 5830 - 5883.

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D a ily Cor por a t e a n d I n du st r y N e w s

Pem erint ah m enat a ulang t ol laut karena salah sat u program Jokowi JK it u dianggap belum opt im al. Penat aan kem -bali t ol laut m eliput i pem angkasan t rayek - t rayek y ang t idak ekonom is, penam bahan t rayek di j alur - j alur gem uk, penyediaan kont ainer berpendingin ( reefer cont ainer) , dan pem berian diskon biaya angkut ( freight ) unt uk m uat an balik. Source: I nvest or Daily

Pem erint ah m enyerap dana Rp 20 t riliun pada lelang Surat Ut ang Negara ( SUN) , Selasa ( 25/ 9) . Jum lah ini m elam -paui t arget indikat if, yait u hanya Rp 10 t riliun. Source: Kont an

Berdasarkan dat a Bank I ndonesia ( BI ) , ak hir kuart al I I - 2018, Posisi I nvest asi I nt ernasional ( PI I ) I ndonesia m en-cat at kan net kewaj iban sebesar US$ 305,6 m iliar at au 29,3% t erhadap produk dom est ik brut o ( PDB) . Source: Kon-t an

Ment eri Keuangan ( Menkeu) Sri Mulyani I ndrawat i m engungkapkan penerim aan negara bukan paj ak ( PNBP) dari pengelolaan barang m ilik negara ( BMN) hingga kini m asih sangat kecil. Rat a - rat a PNBP dari pengelolaan BMN dalam t iga t ahun t erakhir baru sebesar Rp 2,17 t riliun at au 0,79% dari t ot al PNBP. Source: I nvest or Daily

Pelaksana Tugas ( Plt ) Deput i Bidang Perencanaan Penanam an Modal Badan Koordinasi Penanam an Modal ( BKPM) Wisnu Wij aya Soedibj o m enut urkan, pihaknya berupaya invest asi m encapai t arget di kuart al I I I . Dia j uga berharap invest asi akan lebih baik di t ahun depan. Source: I nv est or Daily

Bank Cent ral Asia ( BBCA) m enilai pert um buhan penyaluran kredit pada Sem est er I I - 2018 akan lebih kencang di-bandingkan dengan sem est er pert am a. Hal t ersebut akan dit opang oleh penyaluran kredit ke segm en korporasi. Source: I nvest or Daily

I nt raco Pent a ( I NTA) m encat at penj ualan lini usaha alat berat m encapai Rp 1,48 t riliun hingga Agust us 2018, naik 113% dibanding periode sam a t ahun lalu Rp 695,9 m iliar. Kenaikan t ersebut didorong oleh kont ribusi anak usaha yakni PT I nt raco Pent a Prim a Servis ( I PPS) . Source: I nvest or Daily

Ace Hardware I ndonesia ( ACES) kem bali m em buka gerai baru. Kem arin, ACES m eresm ikan gerai baruny a yang ber-lokasi di BTC Mal Bekasi, dengan luas bangunan 2.600 m et er persegi. Dengan dibukanya gerai baru ini, ACES saat ini t elah m em iliki 162 gerai. Source: Kont an

Adhi Karya ( ADHI ) m encat at kan pendapat an 1H18 sebesar I DR 6.1 t n ( + 17.3% YoY) dan pendapat an bersih sebesar I DR 212.7 bn ( + 62% YoY) . Beban keuangan m elonj ak sebesar 51.8% YoY. Source: Bisnis I ndonesia

Adhi Karya ( ADHI ) bersam a dengan Gam a Group, dan PT Daya Mulia Turangga resm i m endapat kan perset uj uan pem bangunan j alan t ol prakarsa Solo—Yogyakart a—Kulonprogo sepanj ang 91,93 kilom et er dengan perkiraan biaya invest asi Rp22,54 t riliun. Konsorsium sedang m em persiapkan dokum en, sehingga pem rakarsa lain m asih boleh m en-gaj ukan proposal. Source: Bisnis I ndonesia

Mark Dynam ics I ndonesia ( MARK) berencana unt uk ekspansi dengan m asuk ke dalam indust ri produk sanit asi berupa kloset , khususnya m enyasar pasar kelas m enengah bawah. Manaj em en t engah m em proses pem belian lahan seluas 10 hekt are ( ha) di Tanj ung Morawa, Sum at ra Ut ara. Berdasarkan rancang bangun, pabrik produk sanit asi it u bakal m em iliki kapasit as t erpasang 80.000 unit produk sanit asi per bulan. Sour ce: Kont an

Baram ult i Suksessarana ( BSSR) m em angkas t arget produksi t ahun ini m enj adi 10,5 j ut a t on. Sebelum nya, Baram ult i m enarget kan bisa m em produksi bat ubara sebanyak 11,5 j ut a t on sepanj ang 2018 dikarenakan flukt uasi harga ba-t ubara ba-t uruba-t m em pengaruhi rencana bisnis. Source: Konba-t an

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D a ily Cor por a t e a n d I n du st r y N e w s

Dest inasi Tirt a Nusant ara ( PDES) at au Panoram a Dest inat ion m em bukukan pendapat an sebesar Rp 213,98 m iliar pada sem est er I - 2018, naik t ipis 0,16% dibanding periode sam a t ahun lalu Rp 213,62 m iliar. Source: I nvest or Daily

Perusahaan Gas Negara ( PGAS) m enyat akan nilai t am bah dari int egrasi dengan PT Pert am ina Gas ( Per t agas) akan t erlihat set elah dua t ahun sinergi kedua perusahaan berj alan at au pada 2020. Salah sat u nilai t am bah t ersebut yakni pert um buhan kinerj a PGAS. Source: I nvest or Daily

(4)

W or ld Equ it y I n dice s

Source: Bloomberg, Sinarmas Investment Research W O R L D E Q U I T Y I N D I C E S

N O T I C K E R

1 IN D U Index 26,769.16 22,254.93 1,772.99 7.17 20.72 16.95 3.88 3.95 7,376.48 7,376.48

2 SP X Index 2,940.91 2,495.12 241.95 9.05 22.51 18.08 3.30 3.30 25,554.62 25,554.62

3 C C M P Index 8,133.30 6,364.58 1,104.08 15.99 40.74 23.94 3.80 3.72 12,521.05 12,521.05

4 SP T SX Index 16,586.46 14,785.78 (49.63) (0.31) 19.81 15.65 1.91 1.88 2,485.89 1,920.20

5 M EXB O L Index 51,121.23 44,429.36 297.13 0.60 19.72 16.87 2.65 2.64 5,957.78 313.87

6 SX5E Index 3,708.82 3,261.86 (84.18) (2.40) 18.41 14.16 1.67 1.75 2,937.87 3,458.75

7 UKX Index 7,903.50 6,866.94 (180.21) (2.34) 23.26 13.52 1.97 1.97 2,094.32 2,758.00

8 C A C Index 5,657.44 5,038.12 166.54 3.13 18.43 14.68 1.67 1.67 1,618.50 1,905.46

9 D A X Index 13,596.89 11,726.62 (542.98) (4.20) 19.19 13.44 1.86 1.90 1,144.78 1,347.75

10 IB EX Index 10,643.40 9,111.10 (550.30) (5.48) 15.07 12.43 1.47 1.46 593.32 698.52

11 F T SEM IB Index 24,544.26 20,236.27 (184.35) (0.84) 559.35 11.87 1.18 1.23 511.95 602.72

12 A EX Index 576.90 515.96 8.06 1.48 18.84 14.97 1.91 1.85 677.72 797.88

13 SM I Index 9,616.38 8,372.90 (360.26) (3.84) 24.52 15.86 2.59 2.57 1,091.10 1,131.84

14 A S51 Index 6,373.50 5,649.10 120.75 1.99 17.95 15.91 2.08 2.02 1,848.32 1,340.03

15 A S30 Index 6,481.30 5,709.70 131.78 2.14 18.90 15.97 2.00 1.93 2,005.30 1,453.84

16 SH SZ 300 Index 4,403.34 3,191.40 (651.06) (16.15) 16.47 11.57 2.05 2.05 26,864.50 3,909.33

17 SH A SH R Index 3,757.20 2,769.10 (550.87) (15.91) 16.86 11.04 1.80 1.71 29,755.22 4,329.98

18 SZ A SH R Index 2,140.56 1,438.39 (483.71) (24.35) 29.07 16.51 3.12 3.04 18,388.66 2,675.92

19 H SI Index 33,484.08 26,219.56 (2,419.76) (8.09) 13.71 11.24 1.39 1.38 17,905.81 2,292.77

20 H SC EI Index 13,962.53 10,196.71 (881.78) (7.53) 9.18 8.12 1.05 1.08 11,418.39 1,462.08

21 SEN SEX Index 38,989.65 31,081.83 2,595.23 7.62 24.56 19.65 3.12 2.98 66,573.36 915.44

22 N IF T Y Index 11,760.20 9,687.55 536.75 5.10 23.85 19.14 3.12 2.96 81,395.37 1,119.26

23 J C I Index 6,693.47 5,557.56 (481.36) (7.57) 24.37 15.32 2.58 2.49 6,644,941.82 444.95

24 LQ 45 Index 1,132.92 871.91 (152.77) (14.15) 21.16 15.94 3.39 3.29 4,221,522.18 282.68

25 KSE100 Index 47,144.12 37,736.73 564.82 1.40 8.99 8.54 1.46 1.41 7,198.67 58.41

26 N KY Index 24,129.34 20,213.66 1,175.32 5.16 19.37 16.83 1.89 1.96 409,102.98 3,622.95

27 N EY Index 376.09 323.31 5.27 1.47 16.06 14.11 1.38 1.43 461,499.65 4,086.96

28 T P X Index 1,911.31 1,645.16 4.88 0.27 16.34 14.04 1.41 1.46 685,666.37 6,072.14

29 F B M KLC I Index 1,896.03 1,657.78 (2.34) (0.13) 16.69 17.33 1.67 1.66 1,118.95 270.56

30 N Z SE Index 1,652.90 1,416.00 127.32 8.43 19.27 21.86 2.03 2.01 134.76 89.60

31 P C O M P Index 9,078.37 6,923.67 (1,226.25) (14.33) 22.98 17.02 2.51 2.38 9,224.53 170.04

32 F SST I Index 3,641.65 3,102.73 (166.84) (4.90) 11.07 13.13 1.22 1.23 559.20 409.40

33 KO SP I Index 2,607.10 2,218.09 (128.32) (5.20) 12.69 9.33 1.05 1.07 1,512,881.41 1,351.92

34 T WSE Index 11,270.18 10,189.04 335.99 3.16 15.55 14.11 1.75 1.74 32,585.85 1,061.98

35 SET Index 1,852.51 1,584.68 (5.72) (0.33) 18.90 16.25 2.08 2.12 17,627.52 543.84

36 SET 50 Index 1,223.67 1,043.32 21.04 1.85 17.52 16.02 2.26 2.29 12,152.08 374.91

37 VN IN D EX Index 1,211.34 795.05 26.50 2.69 19.00 17.25 2.81 2.86 3,231,421.70 138.45

2 0 17 2 0 18 E D o m a i n

C u r r e n c y U S D L O W P O I N T % 2 0 17 2 0 18 E

A s i a / P a c i f i c A m e r i c a

5 2 - W E E K C H A N G E Y T D P E R ( x) P B V ( x) M A R K E T C A P ( B n )

E u r o p e

(5)

LQ4 5

Source: Bloomberg, Sinarmas Investment Research

L Q 4 5 I n d e x

H I G H L O W P O I N T % 2 0 1 7 2 0 1 8 E 2 0 1 7 2 0 1 8 E

1 A D H I I J 1 , 3 5 0 2 , 5 1 0 1 , 3 2 0 (5 3 5 ) (2 8 . 3 8 ) 1 3 . 0 2 5 . 9 8 1 . 1 5 0 . 7 3 4 , 8 0 7 . 1 5

2 A D R O I J 1 , 8 1 5 2 , 6 5 0 1 , 5 7 5 (4 5 ) (2 . 4 2 ) 9 . 0 6 8 . 1 0 1 . 2 6 1 . 0 5 5 8 , 0 5 4 . 5 2

3 A K R A I J 3 , 5 8 0 8 , 0 2 5 3 , 2 2 0 (2 , 7 7 0 ) (4 3 . 6 2 ) 2 8 . 1 1 1 3 . 3 3 3 . 3 7 1 . 6 8 1 4 , 3 7 2 . 6 1

4 A N T M I J 8 0 5 1 , 0 1 5 6 0 0 1 8 0 2 8 . 8 0 - 2 6 . 0 7 0 . 8 1 1 . 0 4 1 9 , 3 4 4 . 7 7

5 A S I I I J 7 , 2 0 0 8 , 7 5 0 6 , 1 0 0 (1 , 1 0 0 ) (1 3 . 2 5 ) 1 7 . 8 3 1 3 . 8 2 2 . 7 2 2 . 1 3 2 9 1 , 4 8 1 . 5 8

6 B B C A I J 2 3 , 9 2 5 2 5 , 4 7 5 1 9 , 6 0 0 2 , 0 2 5 9 . 2 5 2 3 . 1 7 2 2 . 8 4 4 . 1 1 3 . 9 2 5 8 9 , 8 7 1 . 1 0

7 B B N I I J 7 , 3 5 0 1 0 , 1 7 5 6 , 7 5 0 (2 , 5 5 0 ) (2 5 . 7 6 ) 1 3 . 5 6 8 . 9 2 1 . 8 7 1 . 2 7 1 3 7 , 0 6 7 . 6 2

8 B B R I I J 3 , 0 3 0 3 , 9 2 0 2 , 7 2 0 (6 1 0 ) (1 6 . 7 6 ) 1 5 . 3 4 1 1 . 4 9 2 . 6 7 2 . 0 0 3 7 3 , 7 3 7 . 8 0

9 B B T N I J 2 , 6 5 0 3 , 8 9 0 2 , 1 1 0 (9 2 0 ) (2 5 . 7 7 ) 1 2 . 4 9 8 . 2 4 1 . 7 5 1 . 1 3 2 8 , 0 6 3 . 5 0

1 0 B J B R I J 2 , 0 4 0 2 , 7 5 0 1 , 7 9 5 (3 6 0 ) (1 5 . 0 0 ) 1 9 . 2 0 1 3 . 0 6 2 . 3 1 1 . 8 9 1 9 , 7 8 0 . 4 3

1 1 B M R I I J 6 , 6 2 5 9 , 0 5 0 6 , 2 0 0 (1 , 3 7 5 ) (1 7 . 1 9 ) 1 8 . 0 9 1 2 . 1 7 2 . 2 4 1 . 7 1 3 0 9 , 1 6 6 . 6 7

1 2 B M T R I J 4 1 8 7 5 5 3 7 8 (1 7 2 ) (2 9 . 1 5 ) - - 0 . 8 8 - 5 , 9 3 5 . 0 2

1 3 B R P T I J 1 , 8 2 5 2 , 7 2 0 1 , 5 1 0 (4 3 5 ) (1 9 . 2 5 ) 3 0 . 0 0 1 7 . 4 6 2 . 1 6 1 . 2 1 3 2 , 4 6 9 . 6 5

1 4 B S D E I J 1 , 1 2 5 1 , 9 6 5 1 , 0 8 0 (5 7 5 ) (3 3 . 8 2 ) 6 . 6 1 8 . 1 7 1 . 2 9 0 . 7 7 2 1 , 6 5 2 . 5 3

1 5 B U M I I J 2 2 2 3 5 6 1 6 6 (4 8 ) (1 7 . 7 8 ) 2 . 5 7 2 . 4 8 - - 1 4 , 5 3 5 . 5 4

1 6 E X C L I J 2 , 7 9 0 1 , 7 1 0 (1 7 0 ) (5 . 7 4 ) 8 5 . 1 6 7 2 . 4 3 1 . 4 6 1 . 3 5 2 9 , 8 1 9 . 4 1

1 7 G G R M I J 7 4 , 0 0 0 8 6 , 4 0 0 6 1 , 9 2 5 (9 , 8 0 0 ) (1 1 . 6 9 ) 2 0 . 8 0 1 6 . 8 8 3 . 8 2 3 . 0 9 1 4 2 , 3 8 2 . 5 1

1 8 H M S P I J 3 , 7 6 0 5 , 5 5 0 3 , 2 3 0 (9 7 0 ) (2 0 . 5 1 ) 4 3 . 5 4 3 3 . 1 9 1 6 . 1 3 1 2 . 4 3 4 3 7 , 3 5 5 . 9 7

1 9 I C B P I J 8 , 8 5 0 9 , 2 7 5 7 , 9 0 0 (5 0 ) (0 . 5 6 ) 2 7 . 3 1 2 4 . 5 6 5 . 3 1 4 . 7 6 1 0 3 , 2 0 7 . 8 9

2 0 I N C O I J 3 , 6 4 0 4 , 7 2 0 2 , 5 1 0 7 5 0 2 5 . 9 5 - 3 0 . 4 7 1 . 1 6 1 . 2 7 3 6 , 1 6 8 . 2 7

2 1 I N D F I J 6 , 0 0 0 8 , 6 7 5 5 , 8 5 0 (1 , 6 2 5 ) (2 1 . 3 1 ) 1 6 . 1 8 1 1 . 9 9 2 . 1 5 1 . 5 5 5 2 , 6 8 2 . 5 6

2 2 I N D Y I J 2 , 7 3 0 4 , 6 3 0 1 , 8 3 0 (3 3 0 ) (1 0 . 7 8 ) 3 . 5 0 4 . 8 1 1 . 2 7 0 . 9 6 1 4 , 2 2 3 . 8 2

2 3 I N T P I J 1 6 , 4 5 0 2 3 , 9 5 0 1 2 , 5 0 0 (5 , 5 0 0 ) (2 5 . 0 6 ) 4 3 . 4 5 4 4 . 2 1 3 . 2 9 2 . 4 7 6 0 , 5 5 6 . 2 6

2 4 J S M R I J 4 , 3 5 0 6 , 7 7 5 3 , 9 2 0 (2 , 0 5 0 ) (3 2 . 0 3 ) 2 1 . 1 1 1 6 . 3 7 3 . 0 8 1 . 9 0 3 1 , 5 7 1 . 7 4

2 5 K L B F I J 1 , 3 2 0 1 , 7 8 5 1 , 1 5 5 (3 7 0 ) (2 1 . 8 9 ) 3 2 . 9 6 2 5 . 0 9 5 . 9 6 4 . 2 5 6 1 , 8 7 5 . 1 6

2 6 L P K R I J 3 2 8 7 5 0 3 1 4 (1 6 0 ) (3 2 . 7 9 ) 1 8 . 0 9 9 . 5 5 0 . 4 9 0 . 3 5 7 , 5 7 2 . 5 9

2 7 L P P F I J 6 , 5 5 0 1 1 , 9 7 5 5 , 5 2 5 (3 , 4 5 0 ) (3 4 . 5 0 ) 1 5 . 2 9 9 . 6 2 1 2 . 5 3 5 . 1 9 1 9 , 1 1 2 . 3 6

2 8 M N C N I J 8 3 5 1 , 6 9 0 8 0 5 (4 5 0 ) (3 5 . 0 2 ) 1 1 . 7 8 7 . 6 3 1 . 8 6 1 . 1 5 1 1 , 9 2 0 . 5 5

2 9 M Y R X I J 1 2 9 1 9 8 1 0 1 1 9 1 7 . 2 7 - - - - 1 1 , 1 8 4 . 7 2

3 0 P G A S I J 2 , 0 7 0 2 , 8 6 0 1 , 3 6 5 3 2 0 1 8 . 2 9 2 0 . 7 7 1 3 . 8 6 0 . 9 9 1 . 0 6 5 0 , 1 7 9 . 9 2

3 1 P T B A I J 4 , 1 3 0 4 , 9 4 0 1 , 8 1 0 1 , 6 7 0 6 7 . 8 9 5 . 7 9 8 . 9 3 1 . 9 1 2 . 7 4 4 7 , 5 8 0 . 3 2

3 2 P T P P I J 1 , 5 2 5 3 , 2 8 0 1 , 4 6 5 (1 , 1 1 5 ) (4 2 . 2 3 ) 1 1 . 2 6 5 . 4 8 1 . 4 3 0 . 7 3 9 , 4 5 4 . 8 4

3 3 P W O N I J 5 1 0 7 2 5 4 9 0 (1 7 5 ) (2 5 . 5 5 ) 1 7 . 6 2 1 1 . 1 7 3 . 2 0 2 . 0 2 2 4 , 5 6 1 . 4 0

3 4 S C M A I J 1 , 8 2 5 2 , 9 8 0 1 , 7 6 5 (6 5 5 ) (2 6 . 4 1 ) 2 7 . 2 4 1 6 . 3 1 9 . 3 0 5 . 2 2 2 6 , 6 8 4 . 4 2

3 5 S M G R I J 9 , 0 2 5 1 1 , 7 7 5 6 , 5 0 0 (8 7 5 ) (8 . 8 4 ) 2 9 . 1 4 2 6 . 8 2 2 . 0 3 1 . 7 7 5 3 , 5 3 1 . 9 7

3 6 S R I L I J 3 4 8 4 1 4 3 0 2 (3 2 ) (8 . 4 2 ) 7 . 2 6 - 1 . 1 8 - 7 , 1 1 7 . 3 6

3 7 S S M S I J 1 , 2 1 0 1 , 5 5 0 1 , 0 0 5 (2 9 0 ) (1 9 . 3 3 ) 1 7 . 9 2 1 3 . 5 2 3 . 5 4 2 . 5 3 1 1 , 5 2 5 . 2 5

3 8 T L K M I J 3 , 5 6 0 4 , 7 0 7 3 , 2 5 0 (8 3 9 ) (1 9 . 0 7 ) 1 9 . 6 8 1 6 . 5 9 4 . 7 0 3 . 5 0 3 5 2 , 6 6 1 . 4 9

3 9 T P I A I J 5 , 0 0 0 6 , 6 7 5 4 , 6 4 0 (1 , 0 0 0 ) (1 6 . 6 7 ) 2 3 . 8 1 2 7 . 9 0 4 . 7 4 3 . 3 8 8 9 , 1 6 7 . 6 0

4 0 T R A M I J 2 1 4 4 3 2 1 2 2 1 6 8 . 0 8 - - - - 1 0 , 6 2 1 . 6 1

4 1 U N T R I J 3 2 , 1 5 0 4 0 , 5 0 0 3 0 , 0 7 5 (3 , 2 5 0 ) (9 . 1 8 ) 1 7 . 8 4 1 1 . 6 9 2 . 9 1 2 . 3 0 1 1 9 , 9 2 3 . 8 4

4 2 U N V R I J 4 6 , 0 0 0 5 8 , 1 0 0 4 0 , 4 0 0 (9 , 9 0 0 ) (1 7 . 7 1 ) 6 0 . 8 9 4 5 . 7 4 8 2 . 4 4 5 7 . 9 3 3 5 0 , 9 8 0 . 0 0

4 3 W I K A I J 1 , 3 6 5 2 , 1 9 0 1 , 2 1 0 (1 8 5 ) (1 1 . 9 4 ) 1 1 . 5 5 8 . 2 5 1 . 1 0 0 . 8 6 1 2 , 2 4 3 . 9 8

4 4 W S B P I J 3 5 4 5 1 0 3 3 6 (5 4 ) (1 3 . 2 4 ) 1 0 . 5 6 7 . 4 8 1 . 4 7 1 . 0 3 9 , 3 3 1 . 8 5

4 5 _{W S K T I J} 1 , 7 0 5 3 , 1 5 0 1 , 6 8 0 (5 0 5 ) (2 2 . 8 5 ) 7 . 3 8 5 . 3 5 2 . 1 4 1 . 3 3 2 3 , 1 4 3 . 5 0

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M a cr o da t a

Source: Bloomberg, Sinarmas Investment Research

D e s c ript io n 1- D a y ( %) 5 - D a ys ( %) 1- M o nt h ( %) Y T D ( %)

P ro perty (0.63) (0.53) (6.90) (15.68)

B asic Industry (1.58) 2.51 (3.49) 16.00

Trade (0.42) 0.51 (3.84) (11.28)

Finance (0.19) 1.17 (2.64) (6.98)

M iscellaneo us Industry 0.85 2.41 (2.03) (10.86)

Co nsumer 0.06 1.70 2.09 (14.27)

Infrastructure 0.34 (0.95) 2.55 (14.25)

A griculture (0.51) (2.00) (4.54) (3.52)

M ining 0.99 1.86 (2.09) 21.86

A ug- 18 J ul- 18

2.13 3.61

3.20 3.18

-0.05 0.28

117.90 118.31

F O R E X S po t R a t e 1- D a y ( %) 1- M o nt h ( %) Y T D ( %)

USD/IDR 14,918.00 - (2.00) (9.14)

USD/CNY 6.87 (0.15) (0.76) (5.25)

USD/EUR 0.85 0.06 (0.70) 2.08

USD/JP Y 112.93 0.04 (1.64) (0.21)

USD/SGD 1.37 0.04 (0.23) (2.16)

USD/A UD 1.38 (0.12) 1.21 7.54

USD/GB P 0.76 0.07 (2.14) 2.54

( in %)

7.40

1.06

1.46

8.25

8.24

8.41 Inflatio n M o M (in %)

Fo reign Reserves (in USD bn) S e c t o rs

E c o no m ic Indic a t o rs

Inflatio n YTD (in %)

E c o no m ic P a ra m e t e rs

Inflatio n Yo Y (in %)

Indo nesia 5-Year Go vernment B o nds Yield

Le nding a nd D e po s it R a t e s

JIB OR (in IDR)

LIB OR (in GB P )

(7)

Upcom in g I PO

D ivide n d

Righ t s I ssu e

2 0 1 6 2 0 1 7 2 0 1 8

LKPP A PBN P RA PBN

GDP Gr owth ( % , YoY) 5,0% 5,2% 5,4%

Ex change r ate ( USD/ I DR) 13307 13300 13500

I nflation ( % , YoY) 3% 4,3% 3,5%

3 Months SPN ( % ) 5,7% 5,2% 5,3%

I ndonesian Cr ude Oil ( USD/ bar r el) 40 45 48

Oil Lifting ( thousands bar r el/ day ) 829 815 800

Gas Lifting ( thousands, BOE/ day ) 1.18 1.15 1.2

Total State Budget ( in I DR tr illion) ₁₅₅₆ ₁₇₁₄ ₁₈₇₈

I N D I CA T OR

St o ck D PS ( Rp ) St a t u s Cu m D a t e Ex D a t e Re co r d in g Pa y m e n t

XC I D 1.46 _{01/ 08/ 2018} _{02/ 08/ 2018} _{06/ 08/ 2018} _{21/ 08/ 2018}

AKRA 120 _{11/ 07/ 2018} _{12/ 07/ 2018} _{16/ 07/ 2018} _{03/ 08/ 2018}

XI SB 1.99 _{11/ 07/ 2018} _{12/ 07/ 2018} _{16/ 07/ 2018} _{18/ 07/ 2018}

BMAS 8 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{02/ 08/ 2018}

C ASS 15.65 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{02/ 08/ 2018}

I NAI 30 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{02/ 08/ 2018}

ULTJ 10 _{06/ 07/ 2018} _{09/ 07/ 2018} _{11/ 07/ 2018} _{01/ 08/ 2018}

BATA 5.55 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{27/ 07/ 2018}

C SAP 4 05/ 07/ 2018 06/ 07/ 2018 10/ 07/ 2018 _{01/ 08/ 2018}

T ick e r Pr ice ( Rp ) Cu m Da t e EX Da t e T r a d in g

MAYA 1 : 6 2,200 24/ 09/ 2018 25/ 09/ 2018 01/ 10/ 2018 - 05/ 10/ 2018

BBKP 3 : 10 570 06/ 07/ 2018 09/ 07/ 2018 13/ 07/ 2018 - 25/ 07/ 2018

PEGE 3 : 1 100 06/ 07/ 2018 09/ 07/ 2018 13/ 07/ 2018 - 19/ 07/ 2018

Ra t io

St a t e Bu dge t

Co m p a n y Bu sin e ss

I PO Pr ice

( Rp )

I ssu e d Sh a r e s ( Mn )

Of f e r in g Da t e ( 2 0 1 7 ) List in g Un d e r w r it e r

Madusar i Mur ni I ndah 495.9 23/ 08/ 2018 - 27/ 08/ 2018 30- Aug- 18

Tr im itr a Pr oper tindo Tbk 773.3 10/ 07/ 2018 - 14/ 08/ 2018 23- Aug- 18

MD Pictur es Tbk 1981.0 25/ 07/ 2018 - 31/ 07/ 2018 07- Aug- 18

Mahk ota Gr oup Tbk 703.7 03/ 07/ 2018 - 09/ 07/ 2018 12- Jul- 18

(8)

Pick s of Th e D a y

I N D F : BUY ON W EAKN ESS

I N D Fbelum ber hasil break Resist ance 6.075, I N D Fber peluang m enguj i Suppor t 5.950, 5.850 dan 5.725, Nam un, j ikaI N D F

ber hasil break Resist ance 6.075 m akaI N D Fakan m encoba Resist ance 6.200, 6.250 dan 6.325.I N D Fdilihat I ndikat or MACD m engindikasikan pola Upt r end dan St oc osc m engindikasikan pola Reversal.

Ent r y point : 5.950 — 6.000

Exit point : 6.075 ( 2.1% ) , 6.200 ( 4.2% )

St op Loss : 5.850 ( - 1.7% )

ASI I : BUY ON W EAKN ESS

ASI I belum ber hasil break Resist ance 7.225, ASI I berpeluang m enguj i Suppor t 7.075, 7.000 dan 6.875, Nam un, j ikaASI I

ber hasil break Resist ance 7.225, m akaASI I akan m encoba Resist ance 7.300, 7.400 dan 7.500.ASI I dilihat I ndikat or MACD m engindikasikan pola Sidew ays.

Ent r y point : 7.075 — 7.200

Exit point : 7.300 ( 3.2% ) , 7.400 ( 4.6% )

St op Loss : 7.000 ( - 1.1% )

Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep

5,800 INDF - Daily 9/25/2018 4:14:00 PM Open 6000, Hi 6025, Lo 5950, Clos e 6000 (0.4%)MA(Clos e,50)= 6,286.50

6,000 6,286.5

Oct Nov Dec 2018 Feb Mar Apr May Jun Jul Aug Sep -200

-100 0 100 INDF -MACD(12,26)= -101.39,Signal(12,26,9)= -96.72

-101.388 -96.7211

20 80 INDF -Stoch %K(15,3)= 28.99,Stoch %D(15,3,3)= 25.90

28.9855 25.9012

70 INDF -RSI(15)= 43.70

6,200 ASII - Daily 9/25/2018 4:13:00 PM Open 7100, Hi 7200, Lo 7075, Clos e 7200 (1.1%)MA(Clos e,50)= 7,121.00

7,200 7,121

-200 -100 0 100 200 ASII -MACD(12,26)= 21.42,Signal(12,26,9)= 17.59

21.416 17.5909

20 80 ASII -Stoch %K(15,3)= 60.68,Stoch %D(15,3,3)= 70.90

60.6838 70.8952

(9)

Pick s of Th e D a y

KLBF : TRAD I N G BUY

KLBFber hasil break Resist ance Tr endline 1.305, KLBFberpeluang m elanj ut kan penguatan dengan m enguj i Resist ance 1.325, 1.340 dan 1.360. Nam un, j ikaKLBFgagal br eak Resist ance 1.340 ,m akaKLBFakan m encoba Suppor t 1.305, 1.285 dan 1.260.

KLBFdilihat I ndikat or MACD dan St oc osc m engindikasikan pola Upt rend.

Ent r y point : 1.320 — 1.325

Exit point : 1.340 ( 1.5% ) , 1.360 ( 3.0% )

St op Loss : 1.305 ( - 1.1% )

BJTM : TRAD I N G BUY

BJTM ber hasil br eak Resist ance 660, BJTMberpeluang m elanj ut kan penguat an dengan m enguj i Resist ance 670, 685 dan 700. Nam un, j ikaBJTMgagal br eak Resist ance 670 m aka BJTMakan m encoba Suppor t 650, 645 dan 630.BJTMdilihat I ndikat or Stoc osc dan MACD m engindikasikan pola Upt r end.

Ent r y point : 660 — 670

KLBF - Daily 9/25/2018 4:12:00 PM Open 1290, Hi 1320, Lo 1285, Clos e 1320 (2.3%)MA(Clos e,50)= 1,278.00

1,320

1,278

Dec 2018 Feb Mar Apr May Jun Jul Aug Sep -60

-40 -20 0 20 KLBF -MACD(12,26)= -0.13,Signal(12,26,9)= -10.19

-0.130116 -10.193

20 80 KLBF -Stoch %K(15,3)= 73.77,Stoch %D(15,3,3)= 59.66

73.7654 59.6579

KLBF -RSI(15)= 58.78

Dec 2018 Feb Mar Apr May Jun Jul Aug Sep

620 BJTM - Daily 9/25/2018 4:05:00 PM Open 650, Hi 660, Lo 645, Clos e 660 (1.5%)MA(Clos e,50)= 643.00

660

643

Dec 2018 Feb Mar Apr May Jun Jul Aug Sep -30

-20 -10 0 10 BJTM -MACD(12,26)= 1.94,Signal(12,26,9)= -0.27

1.93594

-0.266045

20 80 BJTM -Stoch %K(15,3)= 74.07,Stoch %D(15,3,3)= 60.49

74.0741

60.4938

(10)

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