Top PDF We estimate JCI to move at modest pace with the support range of 5911-5925

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."

President Donald Trump has requested the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. The new duties will go into effect "if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," the president said in a statement provided by the White House late on Monday. (CNBC)

Indonesia's annual inflation rate in December picked up pace for the first time since June, as consumers shopped for year - end holidays, the Central Statistics Agency data showed on Tuesday (02/01). The headline consumer price index (CPI) rose 3.61 percent in December from a year earlier, compared with a near one - year low of 3.30 percent in November. Analysts in a Reuters poll forecast annual inflation at 3.40 percent in December. The annual core inflation rate, which excludes volatile food and administered prices, was 2.95 percent in December, compared with 3.05 percent in November. (Jakarta Globe)

U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports. Gross domestic product expanded at a 2.6 percent annual rate also restrained by a modest pace of inventory accumulation, the Commerce Department said in its advance fourth - quarter GDP report on Friday. (CNBC)

U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a surge in imports. Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017. The upward revision to the fourth - quarter growth estimate also reflected less inventory reduction than previously reported. (CNBC)

U.S. GDP grew at solid 4.1 percent pace in the second quarter, its best since 2014. The number met economists expectation and was boosted by a surge in consumer spending and business investment. President Trump said that the Government is on track to hit the highest annual growth rate in over 13 years. The solid number is also derived from increases in exports and government spending. Personal consumption expenditures rose 4 percent while business investment grew 7.3 percent. (CNBC)

U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years, as businesses boosted spending on software and imports declined. Gross domestic product increased at a 4.2 percent annualized rate, the Commerce Department said on Wednesday in its second estimate of GDP growth for the April - June quarter. That was slightly up from the 4.1 percent pace of expansion it reported in July and was the fastest rate since the third quarter of 2014. (CNBC)

BMRI stated that 28% of its total credit amounting to IDR700 trillion was contributed by small and medium enterprises (SMEs). The contribution ratio was higher than the prerequisite SMEs’ credit ratio of 20% set by BI. Besides, it distributed the People’s Business Credit (KUR) of IDR8.52 trillion until June. Of note, KUR distribution covered 60% of its target. (Kontan)

SGRO posted 2017’s net profit of IDR287.66 billion ( - 34.90% y - y). It was underlined by the income tax of IDR178.30 billion, in contrast to the benefit of 2016’ income tax, yet its sales grew into IDR3.62 trillion (+24.40% y - y) and its gross profit hiked into IDR962.11 billion (+50.16% y - y). The growth in revenue was underpinned by the hike in CPO’s sales volume and price. (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.

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.

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.

After posting the decline in June 2018, Indonesia - based retail sales posted the rebound of 2.9% y - y in July. The figures were higher than the June’s retails sales of 2.3% y - y and a steep surge than the July’s 2017 retail sales of - 3.3% y - y. According to Bank Indonesia (BI), the rebound was attributable to the high demand occurring in the new academic year and the impact of the 13th salary distributed to civil servants and retirees. (CNBC Indonesia)

MPPA posted the decline of 9.5% y-y into IDR159.81 billion in the loss attributed to its parent entity. The decline was attributable to the decline of 28.4% y-y in the general and administrative expense. Of note, its net sales also declined by 6.1% y-y into IDR2.91 trillion. To succeed in 2018, it will boost its sales by offering alluring promotion in a number of 2H18 events. (Bisnis Indonesia)

Among the amended contracts are Adaro Energy’s Adaro Indonesia and Santan Batubara, unit of Indika Energy and Harum Energy, Bambang Gatot Ariyono, director - general of coal and mineral at Energy and Mineral Resources Ministry, says in Jakarta. Govt also amends contract of work for mining co. Indo Muro Kencana. Under the new contract, cos. will pay higher “land rent” of $4/ha from $1, while royalty at 13.5% in cash instead of coal. Govt seeks to amend nine contracts of work, says Energy Minister Ignasius Jonan. (Bloomberg)

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.

The rupiah's exchange rate closed lower at the spot trade. Yesterday, the rupiah was the weakest currency in Asia. On Wednesday, 05/12/2018, the rupiah was closed at IDR14,390 per USD at the spot market trading. The rupiah weakened by 0.74% compared to its level at the prior trading day. The weakening was spurred by the uncertainty of the U.S. and China trade deals and the disapproval of UK parliament over Brexit proposal agreed by the UK government and European Union. (CNBC Indonesia)

President Donald Trump is readying a fresh round of tariffs on Chinese goods ahead of scheduled trade talks with Beijing, a senior administration official familiar with the matter told CNBC on Sunday, which is expected to affect $200 billion worth of goods and could come as early as this week. The new tariffs will be set at 10 percent, sources familiar with the matter told The Journal, below an original figure of 25 percent floated by the administration earlier. (CNBC)

UNVR : Strives to Maintain as the Market Leader UNVR aims to maintain its domination as the market leader by launching new products. After launching Nameera Aquatic Botanical and new variants of Tresemee, UNVR launches male body - care products: AXE Men's Grooming. The launch is underlined by in 2018, consumers showed their tripled interest in the products. (Kontan)