Top PDF We estimate JCI to lower with the support range of 6288-6297 and resistance

To maintain the development of mall occupation managed by NIRO and to face the competitive e - commerce business, NIRO keeps implementing a number of strategies. One of its strategies is forming incubator by building stores in mall and renting them with lower price to tenants. (Kontan)

The Ministry of Energy and Mineral Resource (ESDM) starts to impose financial sanction in July 2018. The sanction is imposed on crude mineral producers obtaining bauxite and nickel export quota, yet they build no smelter. The financial sanction comply with the ESDM Ministry Regulation Number 25/2018 on Coal and Mineral Miner promulgated into a low on May, 3, 2018. In Article 55, paragraph 8, the financial sanction is in form of 20% fine from the accumulated value of mineral import. (Kontan)

China plans to boost the U.S. based import ranging from agricultural products, manufacture - based goods to energy whose overall values are worth USD70 million. Besides, China likely imports soybeans, natural gas, crude, and coal from the U.S. However, trade negotiation proposed by China failed to reduce the trade deficit between both countries because China offered the hike of 53.8% in import. Of note, the U.S. export to China was USD130.4 billion in 2017. (CNBC)

This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT NH Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any recommendation contained herein may not suitable for all investors. Although the information hereof is obtained from reliable sources, its accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, and agents are held harmless form any responsibility and liability for claims, proceedings, action, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents are liable for errors, omissions, misstatements, negligence, inaccuracy contained herein.

This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT NH Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any recommendation contained herein may not suitable for all investors. Although the information hereof is obtained from reliable sources, its accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, and agents are held harmless form any responsibility and liability for claims, proceedings, action, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents are liable for errors, omissions, misstatements, negligence, inaccuracy contained herein.

INCO posted the growth of 28.34% y-y to USD374.61 million in I semester’s revenues. The growth was backed by the sales volume of matte nickel of 18.764 tons and the average price of nickel sales increasing to USD10.880 per ton in 2Q18. Of note in 2018, INCO will focus on optimizing production capacity, elevating efficiency, and cost reduction. (Bisnis Indonesia)

This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT NH Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any recommendation contained herein may not suitable for all investors. Although the information hereof is obtained from reliable sources, its accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, and agents are held harmless form any responsibility and liability for claims, proceedings, action, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents are liable for errors, omissions, misstatements, negligence, inaccuracy contained herein.

ALLI : Spends IDR1.5 Trillion on Capex AALI spends IDR1.5 trillion on the 2019 capex. 40% of the capex will be used for cultivation unproductive oil palm plants; the remaining will be spent on increasing the production capacities of its Kalimantan - based factory and adding facilities in areas surrounding its plantations. In 2018, its fresh fruit bunch (FFB) and CPO spiked 10.2% y - y and 18.5% y - y. (Kontan)

This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT NH Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any recommendation contained herein may not suitable for all investors. Although the information hereof is obtained from reliable sources, its accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, and agents are held harmless form any responsibility and liability for claims, proceedings, action, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents are liable for errors, omissions, misstatements, negligence, inaccuracy contained herein.

KRAS targets the 2019’s exports sales portion to reach 20% - 30%. It is optimistic that the operation of Hot Strip Mill Number 2 (HSM2) factory will be a boon for achieving the target. The factory increases the production capacity of steel sheets to 1.5 million tons per year. Additionally, it will expand its exports to the ASEAN’s countries, Japan, and Australia. (Kontan)

Today we estimate JCI to move at modest pace with the support range of 6166- 6175 and resistance range of 6234 - 6244. It is projected that the tumble in Facebook’s shares constituting as the negative global sentiment impacted on JCI. Of note, the technology’s shares significantly rallied in 2017; therefore, the tumble in the technology’s shares indicated that the global investors have less appetite for the technology’s shares. Besides, the decline in government bond yields into the position lower than 2.8% indicating similar issue.

Fed Chairman Jerome Powell says he expects to see further interest rate increases. The central bank leader says the economy is "strong" and can handle more normalization of policy. He spoke at the Fed's annual symposium at Jackson Hole, Wyoming, delivering a speech that the market watches closely for clues about the monetary policy path. Powell gave a slight acknowledgement to some of the turmoil in emerging markets, saying "there are risk factors abroad and at home that, in time, could demand a different policy response."

This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT NH Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any recommendation contained herein may not suitable for all investors. Although the information hereof is obtained from reliable sources, its accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, and agents are held harmless form any responsibility and liability for claims, proceedings, action, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents are liable for errors, omissions, misstatements, negligence, inaccuracy contained herein.

Analysis ASII posted the growth of 15% y-y to IDR56.7 trillion in the 2Q18’s sales. Besides, the 2Q18’s net profit beefed up by 32.7% y-y to IDR5.47 trillion. Thus, ASII succeeded to post a EPS surprise of 9.7% to the consensus of 133.5.

KLBF : Targets Overseas Revenues of IDR1 Trillion KLBF targeted the revenue contribution of IDR1 trillion from its overseas business. This amount is equal to 6% of its total revenue. To reach the target, KLBF has started to build Myanmar - based medicine factory worth investment value of USD18 - 20 million and incorporate a joint - venture with India - based company. Such joint venture is KLBF’s strategy to perform a natural hedging relating to the mostly imported raw materials. (Investor Daily)

JCI noted on a high note on last Friday’s trading session amid rupiah appreciation. Investors also oversaw the subdued tension arising from the global trade war. Top Gainers: Infrastructure (+2.19%), Misc. Industry (+2.07%), Trade (+1.39%)

We estimate JCI to rally with the support range of 5749-5756 and resistance range of 5839-5849. The main sentiment of JCI’s today movement stems from the release of 1Q18 GDP growth to be release today. The estimated consensus of 5.18% likely maintains the trend of GDP growth acceleration. Besides, the April’s consumer confidence index (CCI) gaining for the first time in 4 months shows Ramadhan’s impacts on hiking consumers spending.

WIKA targets the net profit of IDR1.96 trillion in 2018 along with the projection of targeted sales reaching IDR39.43 trillion in 2018. 2018’s contracts derives from the projection of new contract amounting to IDR57.24 trillion and 2017’s carry over contract amounting to IDR73.68 trillion. (Bisnis Indonesia)

We estimate JCI to rally with the support range of 5880-5890 and resistance range of 5970-5980. The Indonesian government planned to obtain loan other than rupiah from varied multilateral institutions as an additional option of the current loan program. The loan provided by multilateral institutions such as World Bank and International Monetary Fund (IMF) allows the Indonesia government to have a number of alternative loan facilities other than rupiah bonds.

This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT NH Korindo Sekuritas Indonesia. This report is only for information and recipient use. It is not reproduced, copied, or made available for others. Under no circumstances is it considered as a selling offer or solicitation of securities buying. Any recommendation contained herein may not suitable for all investors. Although the information hereof is obtained from reliable sources, its accuracy and completeness cannot be guaranteed. PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, and agents are held harmless form any responsibility and liability for claims, proceedings, action, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT NH Korindo Sekuritas Indonesia, its affiliated companies, employees, nor agents are liable for errors, omissions, misstatements, negligence, inaccuracy contained herein.