Technical Research Thursday, 23 rd November 2017

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1 Technical Research Thursday, 23 rd November 2017 JAKARTA COMPOSITE INDEX (JCI): Daily Range: Analyst: M. Nafan Aji Gusta Utama JCI, Daily JCI, Hourly Commentary: JCI chart surged 0,63% at level during the end of trading session on 22 November Based on the daily pivot from Bloomberg data, first and second support are at level and Meanwhile, first and second resistance are at level and Based on the daily indicator, MACD shall establish a golden cross formation at the positive area. Meanwhile, Stochastic and RSI are neutral. A white opening marubozu candle is detected bullish continuation. Therefore, index will eventually ascend towards the resistance between level 6081 and 6093, on theupside. Komentar: IHSG ditutup menguat 0,63% di level pada 22 November Berdasarkan daily pivot dari Bloomberg, support pertama dan kedua berada pada level dan Sementara itu, resistance pertama dan kedua berada pada level dan Berdasarkan indikator daily, MACD akan membentuk pola golden cross di area positif. Sementara itu, Stochastic dan RSI berada di area netral. Terlihat pola white opening marubozu candle yang mengindikasikan adanya potensi bullish continuation pada pergerakan indeks saham. Dengan demikian, IHSG akan berpotensi menuju ke area resistance pada level 6081 dan 6093.

2 PT. Astra Agro Lestari Tbk. (AALI) RoE: 10.22%; PER: 14.59x; PBV: 1.51x; Beta: 0.15 AALI, Daily Commentary: AALI stock chart fell at level during the end of trading session on 22 November A bullish inverted hammer candle is detected signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level area, with target prices at level 14525, 14975, 15325, and Komentar: AALI ditutup melemah di level pada 22 November Saat ini, terlihat pola bullish inverted hammer candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level , dengan target harga secara bertahap di level 14525, 14975, 15325, dan Support: Resistance: 14525, 14975, 15325, &

3 PT. Bekasi Fajar Industrial Estate Tbk. (BEST) 276 RoE: 10.15%; PER: 6.92x; PBV: 0.71x; Beta: 2.6 BEST, Daily Commentary: BEST stock chart rose at level 276 during the end of trading session on 22 November A bullish harami candlestick pattern is detected signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level area, with target prices at level 288, 302 and 324. Komentar: BEST ditutup menguat di level 276 pada 22 November Saat ini, terlihat pola bullish harami candlestick pattern yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level , dengan target harga secara bertahap di level 288, 302 dan 324. Support: 256. Resistance: 288, 302 & 324.

4 PT. Dharma Samudera Fishing Tbk. (DSFI) 117 RoE: 7.04%; PER: 20.32x; PBV: 1.40x; Beta: 1.52 DSFI, Daily Commentary: DSFI stock chart fell at level 117 during the end of trading session on 22 November A target price at level 124 was reached successfully. The daily trend is accumulating in order to establish long positions. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level area, with target prices at level 125, 134 and 142. Komentar: DSFI ditutup melemah di level 117 pada 22 November Adapun target harga pada level 124 berhasil tercapai. Tren membentuk fase akumulasi dalam rangka membentuk pola uptrend ke depannya. Akumulasi Beli pada area level , dengan target harga secara bertahap di level 125, 134 dan 142. Support: 110. Resistance: 125, 134 & 142.

5 PT. Indofood CBP Sukses Makmur Tbk. (ICBP) 8825 RoE: 19.58%; PER: 25.46x; PBV: 4.97x; Beta: 1.18 ICBP, Daily Commentary: ICBP stock chart fell at level 8825 during the end of trading session on 22 November A target price at level 8875 was reached successfully. The price is above the middle band of the bollinger and a bullish dragonfly doji candle is detected signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level area, with target prices at level 9000 and Komentar: ICBP ditutup melemah di level 8825 pada 22 November Adapun target harga pada level 8875 berhasil tercapai. Saat ini, harga bertahan di atas garis tengah dari bollinger dan terlihat pola bullish dragonfly doji candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level , dengan target harga secara bertahap di level 9000 dan Support: Resistance: 9000 & 9225.

6 PT. Pp Persero Tbk. (PTPP) 2730 RoE: 10.36%; PER: 13.01x; PBV: 1.35x; Beta: 1.6 PTPP, Daily Commentary: PTPP stock chart fell at level 2730 during the end of trading session on 22 November A target price at level 2810 was reached successfully. The price is above the lower band of the bollinger and a bullish spinning top candle was established signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level area, with target prices at level level 2810 and Komentar: PTPP ditutup melemah di level 2730 pada 22 November Adapun target harga pada level 2810 berhasil tercapai. Saat ini, harga bertahan di atas garis bawah dari bollinger dan sebelumnya terlihat pola a bullish spinning top candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level , dengan target harga secara bertahap di level 2810 dan Support: 2690 & Resistance: 2810 & 3110.

7 PT. Sawit Sumbermas Sarana Tbk. (SSMS) 1475 RoE: 24.66%; PER: 14.60x; PBV: 3.61x; Beta: 1.84 SSMS, Daily Commentary: SSMS stock chart rose at level 1475 during the end of trading session on 22 November A bullish inverted hammer candle was established signifying buying stimulus. On the upside, the price will eventually ascend to the resistance. Accumulative Buy around level area, with target prices at level 1530, 1630 and Komentar: SSMS ditutup menguat di level 1475 pada 22 November Sebelumnya, terlihat pola bullish inverted hammer candle yang mengindikasikan adanya potensi stimulus beli. Akumulasi Beli pada area level , dengan target harga secara bertahap di level 1530, 1630 dan Support: 1445 & Resistance: 1530, 1630 & 1795.

8 STOCK RECOMMENDATION UPDATES Stock Date Buy Area Target Profit Protection Status for Today ADHI 15/11/ , 2350 and Hold AGRO 3/11/ , 615 and 655 Switch to 540 Hold AKRA 21/11/ , 7575, 7950 and 6375 Hold 8550 ASII 22/11/ , 8525 and Hold ASRI 22/11/ , 408 and 416 Switch to 396 Hold BBCA 14/11/ Hold BJBR 16/11/ , 2570 and Hold BJTM 17/11/ , 720 and 755 Switch to 720 Hold BMRI 15/11/ and 7425 Switch to 7425 Take Profit at Market Price BMTR 20/11/ , 620 and Hold ELSA 2/11/ , 342 and 450 Switch to 342 Hold EXCL 22/11/ and Hold GGRM 23/10/ , and Switch to Take Profit at Market Price GJTL 16/11/ , 735 and Hold INDF 22/11/ , 8325, 8525, 7400 Hold 8700, 8800 and 9200 JPFA 20/9/ and 1470 Switch to 1220 Hold KAEF 22/11/ , 2770 and Hold KBLI 6/11/ and 484 Switch to 444 Hold KLBF 11/11/ and 1730 Switch to 1630 Hold LPPF 31/10/ , and Switch to Take Profit at Market Price PPRO 21/11/ , 224, 256 and 192 Hold 266 SRIL 18/9/ , 418 and 496 Switch to 368 Hold TINS 1/11/ , 880 and 980 Switch to 880 Hold WIKA 22/11/ , 2220, 2370 and 1900 Keep Buy on 2520 WTON 14/11/ , 820, 950 and 8075 Weakness 640 Hold

9 Indicators MACD (Moving Average Convergence Divergence): momentum indicator. RSI (Relative Strength Index): compares the magnitude of recent gains to recent losses in attempt to determine overbought and oversold conditions of the asset. RESEARCH TEAM (62-21) ext. 610 / 612 Disclaimer: PT Binaartha Sekuritas has compiled this report in good faith, using information believed to be reliable. PT Binaartha Sekuritas and its analyst take no responsibility for the accuracy of the information contained in this report. This report has been produced for distribution to clients of PT Binaartha Sekuritas only. This report is not an invitation to buy or sell any security. PT Binaartha Sekuritas may have used the information in this report prior to publication. The company or its clients may have positions in or may from time to time buy or sell the securities mentioned in this report or other related securities.