Sinarmas Investment Research/+6221 3925550/research@sinarmassekuritas.co.id DAILY RESEARCH 5,130 5,120 5,110 5,100 JCI Index IDX S ta tis tic s Clos ing JCI Transaction Value (Rp tn) Transaction Volume (mn shares) Foreign Net Buy (Sell) (Rp bn) 5,109.09 5.750 5,600 (130.60) Foreign Net Buy (Sell) YTD (Rp tn) 59.00 as percentage of last year's 11.70 Total Market Capitalization (Rp tn) 4,775.42 5,090 Last Price Previous day Closed at 5097.88 Key Indices JCI Closing 1 Day Return % YTD % 5,109.1 (0.20) 19.5 Previous Day: Pada penutupan perdagangan hari Selasa (5/8), IHSG turun sebanyak 10,16 poin (-0,20%) ke level 5109,09. Ada sebanyak 143 saham yang naik, 165 saham yang mengalami koreksi, dan 78 saham yang stagnan. Total perdagangan hari ini sebanyak Rp 5,750 triliun. LQ45 turun -2,61 poin (-0,30%) ke level 875,46. Sektor-sektor di zona hijau adalah sektor konstruksi naik 1,14%, sektor agrikultur naik 0,42%, dan sektor pertambangan naik 0,22%. Sektor-sektor di zona merah adalah sektor aneka industri turun 1,15%, sektor consumer goods turun 0,91%, dan sektor manufaktur turun 0,79. Foreign net sell sebesar Rp 130 miliar. Indeks Nikkei turun 0,1%. Indeks Straits Times naik 0,28%. Indeks Hang Seng menguat 0,20%. Indeks Shanghai melemah 0,15%. Today s Market: Secara teknikal indeks hari Rabu (6/8) diperkirakan akan bergerak melemah di level 5073-5142. Indeks akan dipengaruhi dengan dirilisnya data ISM non-manufacturing PMI Amerika bulan Juli yang berada di level 58,7 (estimasi 55,5). Selain itu Amerika juga merilis data factory orders yang naik ke level 1,1% (estimasi 0,5%). Dari luar negeri, sentimen global dipengaruhi oleh konflik berkelanjutan antara Rusia dan Ukraina. LQ45 EIDO IDX DOW JONES S&P 500 NASDAQ FTSE NIKKEI HANG SENG STRAITS TIMES KLSE FOREX 875.5 (0.30) 23.1 28.4 (1.46) 24.3 26.4 (1.78) 24.3 16,429.5 (0.84) (0.9) 1,920.2 (0.97) 3.9 4,352.8 (0.71) 4.2 6,682.5 0.07 (1.0) 15,320.3 (1.00) (6.3) 24,600.1 0.20 5.8 3,318.4 0.28 5.1 1,876.7 0.05 0.5 YTD % USD/IDR 11,750.0 51.70 3.6 EUR/IDR 15,685.6 29.85 6.8 JPY/IDR 114.4 0.32 1.2 SGD/IDR 9,409.2 12.61 2.3 AUD/IDR 10,921.7 3.91 (0.6) GBP/IDR 19,783.6 37.66 1.7 Commodities Rate (IDR) Price 1 Day Return % YTD % CRUDE OIL (USD)/BARREL 97.7 (0.6) (0.7) COAL (USD) / MT 76.9 0.6 (5.9) NATURAL GAS (USD) / mmbtu 3.9 1.6 (7.9) GOLD (USD) / OUNCE 1,289.2 0.1 6.9 Top Technical Buys: WSKT, ARNA, WIKA, BMRI UNDERVALUED STOCKS 2014: MYOR 34,600 ROTI 1,330 NICKEL (USD) / MT 18,450.0 (0.3) 32.7 TIN (USD) / MT 22,500.0 0.4 0.7 CPO (MYR) / MT 2,328.0 (1.2) (11.4) RUBBER (JPY)/KG 191.0 (0.8) (31.7) WHEAT/BUSHEL 5.6 2.7 (7.7) CORN/BUSHEL 3.6 (0.7) (15.6)
CORPORATE NEWS PT Semen Indonesia Tbk (SMGR) berencana menaikkan capex menjadi US$ 500 juta pada 2015. Dana tersebut akan digunakan meningkat 25% dibandingkan tahun ini senilai US$ 400 juta. Dana akan digunakan untuk mendanai sejumlah proyek pembangunan pabrik, upgrading, konversi energi, dan distribusi semen. Sumber dana berasal dari kas internal dan eksternal. (Positive) Source: Investor Daily PT Surya Semesta Tbk (SSIA) meraih pinjaman US$ 100 juta pada semester II tahun ini. Perusahaan saat ini ditengah menjajaki 2 hingga 3 bank lokal untuk meraih pinjaman. Dana pinjaman tersebut akan digunakan untuk pembangunan office tower di wilayah Jakarta. Pinjaman nanti akan terdiri dari 70% berdonminasi rupiah dan sisanya 30% berdonminasi dolar Amerika (AS). Perusahaan menargetkan proyek tersebut rampung pada akhir 2017. (Positive) Source: Investor Daily PT Aneka Tambang Tbk (ANTM) akan mengakuisisi tambang batubara. Perusahaan lewat anak usahanya, PT Indonesia Coal Resources (ICR) akan mengakuisisi satu tambang batubara di propinsi Jambi pada tahun ini. Aksi akuisisi ini merupakan upaya perusahaan menggenjot pasokan batubara untuk kebutuhan internal dan eksternal. Saat ini, ICR telah memiliki satu tambang batubara di Sarolangun, Jambi yang diakuisisi pada Januari 2011 dengan senilai Rp 92,5 miliar. Tambang tersebut memiliki cadangan batubara sebanyak 8,25 juta ton dan kalori rata-rata sekitar 5.200 kilo calorie per kilogram (kcal). (Positive) Source: Investor Daily PT Bank Tabungan Negara Tbk (BBTN) akan segera memangkas rasio NPL. Bank menargetkan rasio non performing loan (NPL) berada pada level 3,35% pada akhir tahun ini. NPL net perusahaan pada semester I- 3014 tercatat pada level 3,83% atau naik dari periode yang sama thun lalu sebesar 3,65%. Dua sektor yang berkontribusi besar terhadap NPL yakni kredit konstruksi dan kredit mikro. (Neutral) Source: Bisnis Indonesia 2
Eddy Wijaya/ Technical Analyst/62 21 3925550 TRADING VIEW These recommendations are more based on technical and just for one day trading RESEARCH DEPARTMENT TICKER RECOMMENDATION PRICE ENTRY EXIT S2 S1 R1 R2 EXPLANATION AGRICULTURE AALI Buy on Weakness 26275 26100 26450 25950 26100 26450 26625 Doji BWPT Buy on Weakness 1145 1135 1160 1110 1135 1160 1175 White spinning top LSIP Buy on Weakness 2125 2115 2140 2090 2115 2140 2155 Macd : uptrend BANK & FINANCE BMRI Trading Buy 10400 10400 10475 10100 10250 10475 10550 Rsi : reversal BBRI Trading Sell 10825 10825 10750 10650 10750 10950 11050 Macd : downtrend BBNI Buy on Weakness 5150 5135 5170 5120 5135 5170 5185 Dragonfly doji BBCA Buy on Weakness 11750 11675 11800 11600 11675 11800 11900 Dragonfly doji CONSUMER GOODS INDF Trading Sell 7075 7075 7025 6950 7025 7150 7250 Black spinning top ICBP Trading Sell 10550 10550 10450 10375 10450 10625 10700 Rsi : downtrend GGRM Buy on Weakness 54600 54400 54750 54250 54400 54750 54900 Doji UNVR Buy on Weakness 30900 30775 31050 30650 30775 31050 31300 Rsi : downtrend CPIN Buy on Weakness 3965 3950 3980 3935 3950 3980 3995 Rsi : reversal MAIN Buy on Weakness 3005 2990 3015 2970 2990 3015 3030 Stoc osc : downtrend BASIC & MISC INDUSTRY ASII Buy on Weakness 7800 7700 7950 7600 7700 7950 8100 Stoc osc : uptrend SMGR Trading Sell 16500 16500 16325 16150 16325 16725 16950 Macd : downtrend INTP Trading Sell 24250 24250 24150 24000 24150 24400 24600 Macd : downtrend INFRASTRUCTURE TLKM Buy on Weakness 2710 2690 2730 2670 2690 2730 2750 Long legged doji PGAS Buy on Weakness 6000 5950 6050 5850 5950 6050 6125 Long legged doji JSMR Buy on Weakness 6350 6300 6425 6200 6300 6425 6525 Stoc osc : downtrend TBIG Buy on Weakness 8725 8715 8745 8650 8715 8745 8800 Black spinning top RETAIL MAPI Buy on Weakness 5175 5150 5200 5100 5150 5200 5230 Rsi : reversal RALS Buy on Weakness 1050 1040 1065 1030 1040 1065 1080 White spinning top ACES Trading Sell 890 890 870 850 870 910 925 Macd : downtrend MPPA Trading Sell 2825 2825 2800 2780 2800 2845 2880 Rsi : downtrend MINING PTBA Take profit 12700-12900 12400 12550 12900 13100 Stoc osc : overbought ADRO Take profit 1255-1275 1215 1235 1275 1290 White spinning top ITMG Buy on Weakness 27300 27100 27500 26850 27100 27500 27725 Rsi : downtrend ANTM Buy on Weakness 1230 1220 1250 1200 1220 1250 1280 Long legged doji TINS Trading Buy 1430 1430 1450 1380 1400 1450 1480 Rsi : uptrend UNTR Buy on Weakness 24025 23975 24150 23850 23975 24150 24275 Macd : golden cross PROPERTY ASRI Buy on Weakness 530 520 545 500 520 545 565 Rsi : uptrend LPKR Buy on Weakness 1140 1120 1150 1090 1120 1150 1170 Rsi : uptrend CTRA Buy on Weakness 1200 1175 1220 1160 1175 1220 1240 Inverted hammer APLN Buy on Weakness 335 325 340 320 325 340 355 Black spinning top SMRA Trading Sell 1315 1315 1305 1295 1305 1325 1335 Rsi : downtrend SSIA Buy on Weakness 760 750 780 740 750 780 790 White spinning top BSDE Buy on Weakness 1600 1570 1625 1540 1570 1625 1650 White spinning top WIKA Trading Buy 2690 2690 2710 2640 2670 2710 2730 Morning star PTPP Trading Buy 2325 2325 2340 2290 2315 2340 2360 Rsi : reversal ADHI Trading Buy 3140 3140 3165 3080 3125 3165 3180 Morning star 3
Global Equity Indices Description YTD % 6-Aug-14 Forward 2014 P/E Ratio (Best Est.) LQ45 23.1 875 Nikkei 225 (6.3) 15,264 JCI 19.5 5,109 FTSE 100 (1.0) 6,682 ASX 200 2.7 5,498 DJIA (0.9) 16,429 S&P500 3.9 1,920 STI 5.1 3,328 CAC 40 (1.5) 4,233 Shanghai Composite 4.9 2,220 DAX (3.8) 9,190 KOSPI 2.8 2,067 Hang Seng 5.8 24,648 Euro Stoxx (1.2) 3,072 Selected Indonesian Equities 16.4 17.2 16.5 14.0 15.3 14.5 16.1 14.6 15.0 8.8 13.0 16.5 11.4 14.2 Description YTD % 6-Aug-14 Description YTD % 6-Aug-14 AALI 4.7 26,275 ICBP 3.4 10,550 ADRO 15.1 1,255 IMAS (11.2) 4,350 AKRA 5.6 4,620 INCO 46.0 3,870 ANTM 12.8 1,230 INDF 7.2 7,075 ASII 14.7 7,800 INDY 21.2 715 ASRI 23.3 530 INTP 21.3 24,250 BBCA 22.4 11,750 ITMG (4.2) 27,300 BBNI 30.4 5,150 JSMR 34.4 6,350 BBRI 49.3 10,825 KLBF 30.8 1,635 BBTN 25.3 1,090 LPKR 25.3 1,140 BDMN 3.0 3,890 LSIP 10.1 2,125 BHIT 7.4 365 MAIN (5.4) 3,005 BKSL (22.3) 122 MAPI (5.9) 5,175 BMRI 32.5 10,400 MNCN 5.7 2,775 BMTR (1.6) 1,870 PGAS 34.1 6,000 BSDE 24.0 1,600 PTBA 24.5 12,700 BUMI (32.3) 203 SMCB 33.2 3,030 BWPT (13.9) 1,145 SMGR 16.6 16,500 CPIN 17.5 3,965 SSIA 35.7 760 EXCL 9.6 5,700 TLKM 27.2 2,710 GGRM 30.0 54,600 UNTR 26.4 24,025 GIAA (14.7) 423 UNVR 18.8 30,900 HRUM (18.0) 2,255 JAKPROP JAKBIND INDEX Sectors JAKFIN INDEX Description 1-mth Return % JAKCONS INDEX Property 9.4 JAKMIND INDEX Basic Industry 5.4 JAKINFR INDEX Trade 3.4 JAKAGRI INDEX Finance 4.8 JAKMINE INDEX Miscellaneous Industry 1.7 Consumer 4.7 Infrastructure 6.9 Agriculture (3.9) Mining 3.3 4
Dividend Ticker Status DPS (IDR) Cum Date Ex Date Recording Payment PANS Final 115 11 Agustus 2014 12 Agustus 2014 14 Agustus 2014 27 Agustus 2014 DGIK Final 2.50 12 Agustus 2014 13 Agustus 2014 15 Agustus 2014 29 Agustus 2014 RUIS Final 7.50 12 Agustus 2014 13 Agustus 2014 15 Agustus 2014 29 Agustus 2014 KIAS Final 1.51 12 Agustus 2014 13 Agustus 2014 15 Agustus 2014 29 Agustus 2014 PUDP Final 12 14 Agustus 2014 15 Agustus 2014 19 Agustus 2014 29 Agustus 2014 IPOL Final 1 15 Agustus 2014 18 Agustus 2014 20 Agustus 2014 3 September 2014 IKBI Final 20 15 Agustus 2014 19 Agustus 2014 21 Agustus 2014 4 September 2014 SCMA Final 51 18 Agustus 2014 19 Agustus 2014 21 Agustus 2014 5 September 2014 RDTX Final 105 22 Agustus 2014 25 Agustus 2014 27 Agustus 2014 10 September 2014 5
Global Reference Rates % FOREX Rate (USD) % FED Rate 0.25 USDIDR 11,750 (0.44) BI Rate 7.50 USDEUR 0.75 0.07 ECB Rate 0.15 USDJPY 103 0.00 BOJ Rate 0.10 USDSGD 1.25 (0.08) BOE Rate 0.50 USDAUD 1.08 0.10 PBOC Rate 6.00 USDGBP 0.59 0.07 Description July June Lending & Deposit Rates Inflation YTD (%) 2.94 1.99 JIBOR (IDR) (%) 8.35 Inflation YOY (%) 4.53 6.70 LIBOR (GBP) (%) 1.07 Inflation MOM (%) 0.93 0.43 SIBOR (USD)(%) 1.46 Foreign Reserves (USD bn) 107.05 INDOGB 5Y YIELD (%) 7.97 GDP YOY Growth Rate 2Q14 (%) 5.12 INDOGB 10Y YIELD (%) 8.19 GDP Growth Rate 2014 (%) 1.20 INDOGB 15Y YIELD (%) 8.56 Dual Listed Price (IDR) % TLKM (US) 2,526.25 0.00 ANTM (GR) 1,068.04 0.00 MACRO INDICATORS APBN-P 2014 APBN 2014 GDP Growth (%) 5.5 6.0 Inflation (%) 5.3 5.5 Exchange rate (USD/IDR) 11.600 10,500 3 Months SPN (%) 6.0 5.5 Indonesian Crude Oil (USD/barrel) 105 105 Oil Lifting (barrel/day) 818,000 870,000 Gas Lifting (BOE/day) 1,224,000 1,240,000 Total APBN (IDR tn) 1,635 1,667 DISCLAIMER This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice. 6