Riset | Sinarmas Sekuritas

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IDX Statistics Clo sing

JCI 5,861.51

Transaction Value Regular Market (IDR tn) 4.990 Transaction Volume Regular Market (mn shares) 5,273

Foreign Net Buy (Sell) (IDR bn) (735)

Foreign Net Buy (Sell) (3.66)

Total Market Capitalization (IDR tn) 6,626.08

LQ45 919.96 (1.18) (14.77)

Crude Oil (USD/barrel) 67.86 8:00:42 AM 12.31

Coal (USD/mn tons) 118.70 7/17/2018 17.76

Natural Gas (USD/mmBtu) 2.74 7:56:50 AM (7.11)

Gold (USD/ounce) 1,228.23 8:10:59 AM (5.72)

Nickel (USD/mn tons) 13,515.00 8:10:58 AM 5.92 Tins (USD/mn tons) 19,500.00 8:10:34 AM (2.62)

CPO (MYR/mn tons) 2,162.00 7/17/2018 (11.54)

Rubber (JPY/kg) 164.90 8:04:37 AM (19.72)

Wheat (USD/bushel) 504.00 8:00:15 AM 18.09

Corn (USD/bushel) 348.00 7:59:54 AM (0.78)

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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

Jepang dan Uni Er opa ( UE) m enandat angani kesepakat an per dagangan bebas besar - besar an. Kesepakat an ini dise-but kan m er upakan pesan yang j elas bahw a kedua pihak m elaw an kebij akan - kebij akan pr ot eksionism e Am er ika Ser i-kat ( AS) . Sour ce: I nvest or Daily

Pem er int ah akan m enggunakan w indfall pr ofit dari kelebihan pener im aan pada PNBP dan PPh Migas akibat kenaikan har ga m inyak guna m enam bal subsidi ener gi yang m em bengkak hingga 173% m enj adi Rp163,4 t riliun, dar i sem ula Rp94,53 t riliun. Sour ce: Bisnis I ndonesia

Kem ent er ian Keuangan ( Kem keu) m em pr oyeksikan r ealisasi anggar an subsidi ener gi hingga akhir t ahun ini akan m eningkat ham pir dua kali lipat m enj adi Rp 163,49 t r iliun. Jum lah anggar an it u m encapai 173% dar i t arget dalam APBN 2018 yang sebesar Rp 94,53 t r iliun. Sour ce: Kont an

PT I nalum ( Per ser o) dapat m em bayar ut ang sebesar US$ 3,85 m iliar dar i dividen yang diperoleh dalam t uj uh t ahun pada per iode 2019 - 2025 at as kepem ilikan 51% saham di PT Fr eepor t I ndonesia ( PTFI ) . Ut ang t er sebut m er upakan pinj am an I nalum unt uk pem belian 45,62% saham PTFI senilai US$ 3,85 m iliar yang dibayar t unai kepada PTFI . Sour ce: I nvest or Daily

Nilai ekspor kendar aan dan bagiannya ( ot om ot if) sepanj ang sem est er I - 2018 m enyent uh US$ 3,44 m iliar at au seki-t ar Rp 49,09 seki-t r iliun, naik 6,78% dibanding per iode sam a seki-t ahun lalu US$ 3,22 m iliar . Meningkaseki-t nya per m inseki-t aan global m em buat pr insipal m em ut uskan unt uk m enam bah k uot a ekspor dar i I ndonesia. Sour ce: I nvest or Daily

Sur vei Bank I ndonesia ( BI ) m em per kir akan kr edit akan t um buh 11,6% di akhir t ahun ini, lebih rendah dibandingkan dengan per t um buhan 11,7 % dar i sur vei sebelum nya. Sour ce: Kont an

Bank I ndonesia ( BI ) m encat at j um lah usaha m ikr o, kecil, dan m enengah ( UMKM) yang m em per oleh akses kr edit per bankan pada posisi April 2018 bar u 25% dar i j um lah r ekening kr edit yakni 14,4 j ut a, sedangkan t ot al unit usaha sebanyak 57,89 j ut a. Sour ce: I nvest or Daily

Pem er int ah ber hasil m enyer ap dana sebesar Rp20 t r iliun dalam lelang Sur at Ut ang Negar a ( SUN) pada Selasa ini at au j auh di at as t ar get sebesar Rp10 t r iliun. Sour ce: I QPlus

Bank Tabungan Pensiunan Nasional ( BTPN) m encat at kan pendapat an bunga ber sih 1H18 sebesar Rp 4,80 t riliun ( + 1% YoY) dengan laba ber sih Rp 1,09 t r iliun ( + 17 % YoY) . Sour ce: Kont an

Bank Negar a I ndonesia ( BBNI ) t ur ut m em biayai Proyek Jalan Tol Ruas Manado - Bit ung. Kali ini, dukungan BNI t er ha-dap pr oyek pem bangunan j alan t ol pert am a di Pr ovinsi Sulaw esi Ut ar a ( Sulut ) t er sebut adalah m em ber ikan t am ba-han fasilit as kr edit m odal ker j a ( KMK) dana t alangan t anah ( DTT) sebesar m aksim um Rp 623,56 m iliar . Sour ce: I n-vest or Daily

Per usahaan Gas Negar a ( PGAS) har us seger a m em bayar unt uk m er am pungk an akuisisi 51% saham PT Per t am ina Gas ( Per t agas) . Unt uk t r ansaksi t ahap per t am a, PGAS akan m em bayar 50% secar a t unai at au m encapai Rp 8,3 t r il-iun. PGAS w aj ib m ulai m elakukan pem bayar an dalam w akt u 90 har i. Sem ent ar a pem bayar an t ahap kedua akan di-laksanakan enam bulan, t er hit ung sej ak pem bayar an t ahap per t am a. Sour ce: Kont an

Ciput r a Developm ent ( CTRA) Sepanj ang sem est er I - 2018, m em bukukan pr a- penj ualan/ Pr e- sales sebesar Rp 3,3 t r il-iun hingga akhir Juni lalu at au t um buh 12% yoy. Sour ce: Kont an

Jasa Mar ga ( JSMR) m encat at kan pendapat an 2Q18 sebesar Rp 18,6 t r iliun ( + 4 2,5% YoY, 6,3% QoQ) dan laba ber -sih Rp1,05 t r iliun ( + 2,9% YoY, - 20,6% QoQ) . Sour ce: Bisnis I ndonesia

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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

Sinar Mas Agr o Resour ces and Technology ( SMAR) opt im is t ahun ini dapat m encapai t ar get per t um buhan penj ualan ber sih sebesar 4% at au m encapai Rp 36,8 t r iliun. Sour ce: Kont an

Anabat ic Technologies ( ATI C) t elah m er am pungkan pener bit an obligasi konver si senilai Rp 560 m iliar . Obligasi ber t enor t iga t ahun t er sebut dilepas dengan t ingkat bunga 5% per t ahun. Sour ce: I nvest or Daily

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W or ld Equ it y I n dice s

Source: Bloomberg, Sinarmas Investment Research

W O R L D E Q U IT Y IN D IC E S

N O T IC K E R

1 IN D U Index 26,616.71 21,471.14 400.67 1.62 20.64 16.25 3.88 3.90 7,061.01 7,061.01

2 SP X Index 2,872.87 2,417.35 135.94 5.08 22.45 17.58 3.30 3.33 24,741.42 24,741.42

3 C C M P Index 7,867.15 6,177.19 951.73 13.79 38.89 23.72 3.80 3.80 12,289.03 12,289.03

4 SP T SX Index 16,586.46 14,785.78 310.11 1.91 19.79 15.91 1.91 1.92 2,534.21 1,917.82

5 M EXB OL Index 51,772.37 44,429.36 (649.79) (1.32) 19.74 17.44 2.65 2.79 5,908.04 313.02

6 SX5E Index 3,708.82 3,261.86 (46.46) (1.33) 18.32 13.96 1.67 1.68 2,916.25 3,398.60

7 UKX Index 7,903.50 6,866.94 (61.44) (0.80) 23.11 13.68 1.97 1.96 2,112.47 2,774.30

8 C A C Index 5,657.44 4,995.07 109.98 2.07 18.26 14.66 1.67 1.69 1,581.31 1,842.86

9 D A X Index 13,596.89 11,726.62 (256.10) (1.98) 19.09 13.22 1.86 1.87 1,163.34 1,355.75

10 IB EX Index 10,758.20 9,327.60 (324.50) (3.23) 15.08 12.67 1.47 1.47 606.62 706.96

11 F T SEM IB Index 24,544.26 21,122.51 124.48 0.57 28.75 11.80 1.18 1.17 515.93 601.26

12 A EX Index 572.90 505.92 14.61 2.68 18.89 15.32 1.91 1.92 670.00 780.82

13 SM I Index 9,616.38 8,372.90 (557.20) (5.94) 24.59 15.54 2.59 2.65 1,069.79 1,069.89

14 A S51 Index 6,306.10 5,639.40 138.51 2.28 17.90 15.81 2.09 2.06 1,839.99 1,358.46

15 A S30 Index 6,386.70 5,702.20 121.16 1.96 18.90 15.80 2.00 1.98 2,006.63 1,481.49

16 SH SZ 300 Index 4,403.34 3,295.73 (581.48) (14.43) 16.58 11.60 2.05 1.97 26,695.90 3,987.38

17 SH A SH R Index 3,757.20 2,818.06 (533.11) (15.39) 16.86 11.10 1.80 1.75 29,561.20 4,415.35

18 SZ A SH R Index 2,140.56 1,573.34 (313.36) (15.78) 29.07 17.86 3.12 3.10 20,248.02 3,024.30

19 H SI Index 33,484.08 26,381.14 (1,737.47) (5.81) 13.70 11.29 1.39 1.35 18,318.93 2,334.01

20 H SC EI Index 13,962.53 10,450.39 (1,117.58) (9.54) 9.14 7.46 1.05 1.01 11,599.73 1,477.92

21 SEN SEX Index 36,740.07 31,081.83 2,463.13 7.23 24.53 19.00 3.12 3.21 65,050.95 950.90

22 N IF T Y Index 11,171.55 9,685.55 477.35 4.53 23.76 18.59 3.12 3.20 79,852.65 1,167.27

23 JC I Index 6,693.47 5,557.56 (494.15) (7.77) 24.22 14.86 2.52 2.49 6,626,076.16 460.56

24 LQ45 Index 1,132.92 871.91 (159.43) (14.77) 21.16 15.58 3.39 3.38 4,107,498.24 285.50

25 KSE100 Index 47,241.17 37,736.73 (538.50) (1.33) 8.99 8.17 1.46 1.26 7,052.94 55.14

26 N KY Index 24,129.34 19,239.52 (67.58) (0.30) 19.43 16.42 1.89 1.92 387,290.27 3,431.29

27 N EY Index 376.09 311.55 (11.93) (3.34) 16.02 13.54 1.38 1.39 440,034.11 3,898.59

28 T P X Index 1,911.31 1,578.66 (72.51) (3.99) 16.36 13.65 1.41 1.41 656,521.34 5,816.61

29 F B M KLC I Index 1,896.03 1,657.78 (59.53) (3.31) 16.68 16.58 1.67 1.69 1,087.13 269.22

30 N Z SE Index 1,606.69 1,396.64 78.20 5.18 19.27 20.57 2.03 3.48 130.31 88.33

31 P C OM P Index 9,078.37 6,923.67 (1,176.74) (13.75) 22.98 16.94 2.51 2.54 9,200.06 172.15

32 F SST I Index 3,641.65 3,176.26 (163.28) (4.80) 11.12 12.92 1.22 1.19 551.54 404.09

33 KOSP I Index 2,607.10 2,243.90 (169.57) (6.87) 12.75 9.00 1.05 1.03 1,480,970.75 1,313.28

34 T WSE Index 11,270.18 10,189.04 136.13 1.28 15.56 13.78 1.75 1.73 32,115.57 1,051.42

35 SET Index 1,852.51 1,556.22 (127.64) (7.28) 18.92 14.93 2.08 2.04 16,375.08 491.36

36 SET 50 Index 1,223.67 991.42 (67.05) (5.91) 17.52 14.84 2.26 2.25 11,220.26 336.68

37 VN IN D EX Index 1,211.34 753.82 (62.97) (6.40) 18.95 15.75 2.81 2.58 2,926,177.54 126.98

A s ia / P a c if ic A m e ric 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 ro p e

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LQ4 5

Source: Bloomberg, Sinarmas Investment Research L Q 4 5 In d e x

H IG H L O W P O IN T % 2 0 1 7 2 0 1 8 E 2 0 1 7 2 0 1 8 E

1 A D H I IJ 1 ,6 6 0 2 ,5 1 0 1 ,5 3 5 (2 2 5 ) (1 1 .9 4 ) 1 3 .0 2 6 .9 7 1 .1 5 0 .9 0 5 ,9 1 1 .0 1

2 A D R O IJ 1 ,7 6 0 2 ,6 5 0 1 ,5 7 5 (1 0 0 ) (5 .3 8 ) 9 .0 6 7 .6 5 1 .2 6 1 .0 5 5 6 ,2 9 5 .2 9

3 A K R A IJ 4 ,7 0 0 8 ,0 2 5 3 ,9 6 0 (1 ,6 5 0 ) (2 5 .9 8 ) 2 8 .1 1 1 7 .0 5 3 .3 7 2 .2 0 1 8 ,8 6 9 .0 7

4 A N TM IJ 8 8 0 1 ,0 1 5 6 0 0 2 5 5 4 0 .8 0 - 4 7 .9 4 0 .8 1 1 .1 5 2 1 ,1 4 7 .0 7

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

6 B B C A IJ 2 2 ,7 2 5 2 4 ,7 0 0 1 8 ,1 7 5 8 2 5 3 .7 7 2 3 .1 7 2 1 .6 6 4 .1 1 3 .7 1 5 6 0 ,2 8 5 .0 8

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

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

9 B B TN IJ 2 ,4 4 0 3 ,8 9 0 2 ,1 1 0 (1 ,1 3 0 ) (3 1 .6 5 ) 1 2 .4 9 7 .4 4 1 .7 5 1 .0 3 2 5 ,8 3 9 .6 0

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

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

1 2 B M TR IJ 5 0 5 7 5 5 4 7 4 (8 5 ) (1 4 .4 1 ) - - 0 .8 8 - 7 ,1 7 0 .3 0

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

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

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

1 6 EX C L IJ 2 ,7 3 0 1 ,7 1 0 (2 3 0 ) (7 .7 7 ) 8 5 .1 6 4 5 .9 9 1 .4 6 1 .3 1 2 9 ,1 7 8 .1 3

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

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

1 9 IC B P IJ 8 ,6 7 5 9 ,2 7 5 7 ,9 0 0 (2 2 5 ) (2 .5 3 ) 2 7 .3 1 2 4 .1 9 5 .3 1 4 .6 6 1 0 1 ,1 6 7 .0 5

2 0 IN C O IJ 4 ,3 5 0 4 ,6 5 0 2 ,0 5 0 1 ,4 6 0 5 0 .5 2 - 2 5 .2 0 1 .1 6 1 .5 7 4 3 ,2 2 3 .0 7

2 1 IN D F IJ 6 ,4 2 5 8 ,8 0 0 6 ,0 7 5 (1 ,2 0 0 ) (1 5 .7 4 ) 1 6 .1 7 1 2 .5 4 2 .1 5 1 .6 5 5 6 ,4 1 4 .2 4

2 2 IN D Y IJ 3 ,2 4 0 4 ,6 3 0 7 9 0 1 8 0 5 .8 8 3 .5 0 5 .7 7 1 .2 7 1 .1 3 1 6 ,8 8 1 .0 2

2 3 IN TP IJ 1 3 ,3 2 5 2 3 ,9 5 0 1 2 ,5 0 0 (8 ,6 2 5 ) (3 9 .2 9 ) 4 3 .4 5 2 7 .6 6 3 .2 9 1 .9 6 4 9 ,0 5 2 .4 1

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

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

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

2 7 L P P F IJ 8 ,0 2 5 1 3 ,1 5 0 7 ,8 7 5 (1 ,9 7 5 ) (1 9 .7 5 ) 1 5 .2 9 1 1 .3 5 1 2 .5 3 6 .1 8 2 3 ,4 1 6 .2 9

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

2 9 M YR X IJ 1 2 7 1 9 8 1 0 1 1 7 1 5 .4 5 - - - - 1 1 ,0 1 1 .3 1

3 0 P G A S IJ 1 ,7 2 5 2 ,8 6 0 1 ,3 6 5 (2 5 ) (1 .4 3 ) 2 0 .7 7 1 3 .3 2 0 .9 9 0 .9 2 4 1 ,8 1 6 .6 0

3 1 P TB A IJ 4 ,3 8 0 4 ,4 1 0 1 ,8 1 0 1 ,9 2 0 7 8 .0 5 5 .7 9 1 0 .1 2 1 .9 1 2 .9 3 5 0 ,4 6 0 .4 9

3 2 P TP P IJ 2 ,1 0 0 3 ,2 8 0 1 ,8 4 0 (5 4 0 ) (2 0 .4 5 ) 1 1 .2 6 7 .4 5 1 .4 3 1 .0 4 1 3 ,0 1 9 .7 8

3 3 P W O N IJ 5 8 0 7 2 5 4 9 4 (1 0 5 ) (1 5 .3 3 ) 1 7 .6 2 1 2 .5 6 3 .2 0 2 .2 5 2 7 ,9 3 2 .5 7

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

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

3 6 S R IL IJ 3 3 6 4 1 4 3 0 2 (4 4 ) (1 1 .5 8 ) 7 .2 6 - 1 .1 8 - 6 ,8 7 1 .9 3

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

3 8 TL K M IJ 3 ,9 4 0 4 ,7 9 6 3 ,2 5 0 (4 5 9 ) (1 0 .4 3 ) 1 9 .6 8 1 6 .9 4 4 .7 0 3 .8 2 3 9 7 ,1 5 1 .9 9

3 9 TP IA IJ 5 ,0 7 5 6 ,6 7 5 4 ,1 4 0 (9 2 5 ) (1 5 .4 2 ) 2 3 .8 1 2 0 .7 5 4 .7 4 3 .5 3 9 0 ,5 0 5 .1 2

4 0 TR A M IJ 3 3 2 4 3 2 7 8 1 3 4 6 7 .6 8 - - - - 1 6 ,4 7 7 .6 5

4 1 U N TR IJ 3 2 ,8 0 0 4 0 ,5 0 0 2 7 ,6 2 5 (2 ,6 0 0 ) (7 .3 4 ) 1 7 .8 4 1 2 .5 3 2 .9 1 2 .3 6 1 2 2 ,3 4 8 .4 3

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

4 3 W IK A IJ 1 ,4 6 5 2 ,1 9 0 1 ,2 1 0 (8 5 ) (5 .4 8 ) 1 1 .5 5 8 .7 3 1 .1 0 0 .9 4 1 3 ,1 4 0 .9 8

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

4 5 W SK T IJ 2 ,0 3 0 3 ,1 5 0 1 ,7 7 0 (1 8 0 ) (8 .1 4 ) 7 .3 8 6 .2 9 2 .1 4 1 .5 6 2 7 ,5 5 5 .0 2

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M a cr o da t a

Source: Bloomberg, Sinarmas Investment Research

D escriptio n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%)

Property 0.87 0.38 (5.33) (9.60)

Basic Industry (0.73) (0.72) (5.31) 11.29

Trade (0.47) (0.12) (2.53) (4.54)

Finance (1.53) (0.00) (3.72) (10.61)

M iscellaneous Industry (0.82) 3.43 (5.31) (15.65)

Consumer (0.90) (2.30) (0.58) (15.24)

Infrastructure 0.49 (0.45) 3.19 (9.30)

Agriculture 0.09 (0.36) (6.87) (11.53)

M ining (0.80) 1.21 2.23 25.07

Jun-18 M ay-18

1.90 3.61

3.12 3.23

0.59 0.21

119.80 122.91

F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%)

USD/IDR 14,398.00 - (3.24) (5.86)

USD/CNY 6.71 (0.23) (3.99) (2.98)

USD/EUR 0.86 0.05 (0.29) 2.99

USD/JPY 112.97 (0.08) (2.14) (0.25)

USD/SGD 1.36 (0.01) (0.99) (2.12)

USD/AUD 1.35 0.04 0.52 5.70

USD/GBP 0.76 0.03 1.02 3.04

(in %)

7.38 1.02 1.46 7.56 7.59 7.86 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

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Upcom in g I PO

D iv ide 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

GD P Gr ow th ( % , YoY) 5,0% 5,2% 5,4%

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

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

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

I ndonesian C r 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 D R 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

BMAS 8 _{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}

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

I MAS 5 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{01/ 08/ 2018}

I MJS 1.2 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{01/ 08/ 2018}

KKGI 2 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{30/ 07/ 2018}

KMTR 17.27 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{18/ 07/ 2018}

MARI 12 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{01/ 08/ 2018}

RUI S 5 _{05/ 07/ 2018} _{06/ 07/ 2018} _{10/ 07/ 2018} _{01/ 08/ 2018}

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

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

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

NFC I ndonesia Tbk 166.7 03/ 07/ 2018 - 05/ 07/ 2018 10- Jul- 18

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Pick s of Th e D a y

BBN I : TRAD I N G BUY

BBN I ber hasil break Resist ance 7.375, BBN I ber peluang unt uk m elanj ut k an penguat an dan m enguj i Resist ance 7.500, 7.650 dan 7.850 dalam j angk a pendek . Nam un, j ik a BBN I gagal br eak Resist ance 7.500 m ak a akan m encoba Suppor t 7.375, 7.225 dan

BBTN belum ber hasil break Resist ance 2.490, BBTN berpeluang m enguj i Suppor t 2.420, 2.400 dan 2.360, Nam un, j ik a BBTN ber hasil break Resist ance 2.490 m ak a ak an m encoba Resist ance 2.550, 2.600 dan 2.670. BBTN dilihat I ndik at or MACD dan St oc osc m engindik asik an pola Upt r end.

Ent r y point : 2.420 — 2.440

Ex it point : 2.490 ( 2.9% ) , 2.550 ( 5.4% ) St op Loss : 2.360 ( - 2.5% )

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

6,500 BBNI - Daily 7/17/2018 4:14:00 PM Open 7300, Hi 7450, Lo 7275, Clos e 7425 (1.0%)MA(Clos e,50)= 7,653.00

7,425

7,653

-200 0 200 400 BBNI -MACD(12,26)= -142.50,Signal(12,26,9)= -204.73

-142.503

-204.729

20 80 BBNI -Stoch %K(15,3)= 86.37,Stoch %D(15,3,3)= 67.66

86.3651

67.6649

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

2,200 BBTN - Daily 7/17/2018 4:12:00 PM Open 2460, Hi 2480, Lo 2400, Clos e 2440 (-1.6%)MA(Clos e,50)= 2,784.20

2,440

2,784.2

-200 -100 0 100 BBTN -MACD(12,26)= -144.16,Signal(12,26,9)= -174.01

-144.157

-174.015

20 80 BBTN -Stoch %K(15,3)= 58.74,Stoch %D(15,3,3)= 42.08

58.7439

(9)

Pick s of Th e D a y

AKRA : TRAD I N G BUY

AKRA ber hasil break Resist ance 4.630, AKRA t erbuk a ber peluang unt uk m elanj ut k an penguat an dan m enguj i Resist ance 4.720, 4.790 dan 4.850 dalam j angka pendek . Nam un, j ik a AKRA gagal break di Resist ance 4.720 m ak a ak an m encoba Suppor t 4.630 dan St oc osc m engindik asik an pola Upt rend

Ent r y point : 950 — 965

Ex it point : 995 ( 4.7% ) , 1.030 ( 8.4% ) St op Loss : 910 ( - 4.2% )

4,000 AKRA - Daily 7/17/2018 4:06:00 PM Open 4610, Hi 4700, Lo 4570, Clos e 4700 (2.0%)MA(Clos e,50)= 4,582.50

4,700

4,582.5

-200 0 200 AKRA -MACD(12,26)= -9.27,Signal(12,26,9)= -82.33

-9.2714

-82.3272

20 80

AKRA -Stoch %K(15,3)= 94.53,Stoch %D(15,3,3)= 91.87 94.5274

91.874

900 MNCN - Daily 7/17/2018 4:14:00 PM Open 930, Hi 965, Lo 930, Clos e 950 (3.3%)MA(Clos e,50)= 1,137.60

950

1,137.6

Aug Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Jul -100

-50 0 50 MNCN -MACD(12,26)= -64.52,Signal(12,26,9)= -79.08

-64.525

-79.0795

20 80 MNCN -Stoch %K(15,3)= 51.04,Stoch %D(15,3,3)= 42.54

51.0417

(10)

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

[email protected] www.sinarmassekuritas.co.id

Equity Research Team

HEAD OF RESEARCH

Evan Lie Hadiwidjaja Banking, Automotive

Tel: +62 21 3925550 Ext: 615

[email protected]

DEPUTY HEAD OF RESEARCH

Wilbert

Consumer Goods, Plantation, Pulp and Paper Tel: +62 21 3925550 Ext: 611

[email protected]

EQUITY ANALYST

Richard Suherman Commodities

Tel: +62 21 3925550 Ext: 610

[email protected]

EQUITY ANALYST

Richardson Raymond Property, Industrial Estate Tel: +62 21 3925550 Ext: 159

[email protected]

EQUITY ANALYST

Paulina Retail, Cement

Tel: +62 21 3925550 Ext: 610 [email protected]

RESEARCH ASSOCIATE

Anthony Angkawijaya

Construction, Petrochemical, Healthcare Tel: +62 21 3925550 Ext: 611

[email protected]

RESEARCH ASSOCIATE

Kenji Fanata

Telecommunication, Tobacco, Poultry, Media Tel: +62 21 3925550 Ext: 611

[email protected]

TECHNICAL ANALYST

Eddy Wijaya

Tel: +62 21 3925550 Ext: 159 [email protected]

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