Wednesday, January 8, 2020 - Sinarmas...

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1 Today’s Market: IHSG diperkirakan bergerak mixed dengan kecenderungan melemah. Bursa AS ditutup melemah pada perdagangan Selasa (07/01) seiring dengan meningkatnya kek- hawatiran akan ketegangan geopolitik. Harga batubara stabil di level USD 67,15 per Mt. Crude oil naik ke level USD 65,30 per barrel. Rupiah stabil terhadap Dollar AS di level Rp 13.930. 10Yr Government Bonds Yield naik ke level 7,09%. Dari global, AS mencatatkan ISM Non-manufaktur PMI Desember 2019 di level 55.0 (vs 54.5 pada November). Sementara itu, Iran meluncurkan serangan balasan ter- hadap pangkalan militer AS yang berlokasi di Iraq. Dari dalam negeri, lelang Surat Utang Negara (SUN) per- tama di 2020 menyerap dana Rp 20 triliun, dengan total penawaran masuk mencapai Rp 81,5 triliun. Dari dalam negeri, Kementerian Keuangan mencatat real- isasi penerimaan pajak 2019 mencapai Rp 1,332.1 triliun, atau hanya 84.4% dari target dalam Anggaran Pendapatan dan Belanja Negara (APBN) 2019. Sehubungan dengan emiten, AKR Corporindo (AKRA) telah kembali menyalurkan jenis bahan bakar minyak tertentu (JBT) minyak solar alokasi 2020 sebesar 234.000 kiloliter (KL). Secara teknikal indeks hari Rabu (08/01), IHSG diprediksi bergerak di kisaran 6210-6304. Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner www.sinarmassekuritas.co.id See important disclaimer at the end of this report Wednesday, January 8, 2020 IDX Statistics Closing JCI 6,279.35 Transaction Value Regular M arket (IDR tn) 5.065 Transaction Volume Regular M arket (mn shares) 3,953 Foreign Net Buy (Sell) (IDR bn) 73 Foreign Net Buy (Sell) 0.07 Total M arket Capitalization (IDR tn) 7,266.67 LQ45 1,014.64 0.44 3.25 EIDO 25.47 (0.59) 2.62 IDX 22.46 (0.55) 3.23 DOW JONES 28,583.68 (0.42) 22.53 S&P 500 3,237.18 (0.28) 29.13 NASDAQ 9,068.58 (0.03) 36.67 FTSE 7,573.85 (0.02) 12.57 NIKKEI 23,575.72 1.60 17.79 HANG SENG 28,322.06 0.34 9.58 STRAITS TIMES 3,247.86 0.90 5.84 KLSE 1,611.04 0.83 (4.70) USD/IDR 13,930.00 (0.14) 0.46 EUR/IDR 15,487.29 (0.74) (0.01) JPY/IDR 129.04 0.44 1.11 SGD/IDR 10,298.54 (0.27) 0.03 AUD/IDR 9,516.73 (1.50) (1.59) GBP/IDR 18,223.37 (0.79) 0.27 Crude Oil (USD/barrel) 65.30 7:57:49 AM 7.01 Coal (USD/mn tons) 67.15 1/7/2020 (0.81) Natural Gas (USD/mmBtu) 2.16 7:57:49 AM (1.55) Gold (USD/ounce) 1,599.07 8:07:50 AM 5.43 Nickel (USD/mn tons) 13,775.00 8:07:50 AM (1.75) Tins (USD/mn tons) 17,005.00 1/7/2020 (0.99) CPO (MYR/mn tons) 3,038.00 1/7/2020 (0.10) Rubber (JPY/kg) 176.00 7:12:11A M (0.73) Wheat (USD/bushel) 550.25 1/7/2020 (1.52) Corn (USD/bushel) 384.50 1/7/2020 (0.84) Commodities Other Indices Closing 1-Day Chg (%) YTD Chg (%) Currency Spot Rate Rate (IDR) 1-Day Chg (%) YTD Chg (%) Price Last Transaction YTD Chg (%) IHSG naik sebanyak 22 poin (0.35%) ke level 6279.35. Sementara LQ45 naik sebanyak 4.4 poin (0.44%) ke level 1014.64. Foreign net buy sebesar Rp 72.83 miliar. 0 5,000 10,000 15,000 20,000 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 Jan- 19 Feb- 19 Mar- 19 Apr- 19 May- 19 Jun- 19 Jul-19 Aug- 19 Sep- 19 Oct- 19 Nov- 19 Dec- 19 Jan- 20 Volume JCI Index

Transcript of Wednesday, January 8, 2020 - Sinarmas...

Page 1: Wednesday, January 8, 2020 - Sinarmas Sekuritasfinancial.sinarmassekuritas.co.id/info/research/Tahun...2020/01/08  · Wika Realty ini juga serius menggenjot pendapatan berkesinambungan

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Today’s Market:

IHSG diperkirakan bergerak mixed dengan kecenderungan

melemah. Bursa AS ditutup melemah pada perdagangan

Selasa (07/01) seiring dengan meningkatnya kek-

hawatiran akan ketegangan geopolitik. Harga batubara

stabil di level USD 67,15 per Mt. Crude oil naik ke level

USD 65,30 per barrel. Rupiah stabil terhadap Dollar AS di

level Rp 13.930. 10Yr Government Bonds Yield naik ke

level 7,09%.

Dari global, AS mencatatkan ISM Non-manufaktur PMI

Desember 2019 di level 55.0 (vs 54.5 pada November).

Sementara itu, Iran meluncurkan serangan balasan ter-

hadap pangkalan militer AS yang berlokasi di Iraq.

Dari dalam negeri, lelang Surat Utang Negara (SUN) per-

tama di 2020 menyerap dana Rp 20 triliun, dengan total

penawaran masuk mencapai Rp 81,5 triliun.

Dari dalam negeri, Kementerian Keuangan mencatat real-

isasi penerimaan pajak 2019 mencapai Rp 1,332.1 triliun,

atau hanya 84.4% dari target dalam Anggaran Pendapatan

dan Belanja Negara (APBN) 2019.

Sehubungan dengan emiten, AKR Corporindo (AKRA) telah

kembali menyalurkan jenis bahan bakar minyak tertentu

(JBT) minyak solar alokasi 2020 sebesar 234.000 kiloliter

(KL).

Secara teknikal indeks hari Rabu (08/01), IHSG diprediksi

bergerak di kisaran 6210-6304.

Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

Wednesday, January 8, 2020

ID X Stat ist ics C lo sing

JCI 6,279.35

Transaction Value Regular M arket (IDR tn) 5.065

Transaction Volume Regular M arket (mn shares) 3,953

Foreign Net Buy (Sell) (IDR bn) 73

Foreign Net Buy (Sell) 0.07

Total M arket Capitalization (IDR tn) 7,266.67

LQ45 1,014.64 0.44 3.25

EIDO 25.47 (0.59) 2.62

IDX 22.46 (0.55) 3.23

DOW JONES 28,583.68 (0.42) 22.53

S&P 500 3,237.18 (0.28) 29.13

NASDAQ 9,068.58 (0.03) 36.67

FTSE 7,573.85 (0.02) 12.57

NIKKEI 23,575.72 1.60 17.79

HANG SENG 28,322.06 0.34 9.58

STRAITS TIM ES 3,247.86 0.90 5.84

KLSE 1,611.04 0.83 (4.70)

USD/IDR 13,930.00 (0.14) 0.46

EUR/IDR 15,487.29 (0.74) (0.01)

JPY/IDR 129.04 0.44 1.11

SGD/IDR 10,298.54 (0.27) 0.03

AUD/IDR 9,516.73 (1.50) (1.59)

GBP/IDR 18,223.37 (0.79) 0.27

Crude Oil (USD/barrel) 65.30 7:57:49 AM 7.01

Coal (USD/mn tons) 67.15 1/7/2020 (0.81)

Natural Gas (USD/mmBtu) 2.16 7:57:49 AM (1.55)

Gold (USD/ounce) 1,599.07 8:07:50 AM 5.43

Nickel (USD/mn tons) 13,775.00 8:07:50 AM (1.75)

Tins (USD/mn tons) 17,005.00 1/7/2020 (0.99)

CPO (M YR/mn tons) 3,038.00 1/7/2020 (0.10)

Rubber (JPY/kg) 176.00 7:12:11 AM (0.73)

Wheat (USD/bushel) 550.25 1/7/2020 (1.52)

Corn (USD/bushel) 384.50 1/7/2020 (0.84)

C o mmo dit ies

Other Indices C lo sing 1-D ay C hg (%)YT D

C hg (%)

C urrency Spo t R ate R ate ( ID R ) 1-D ay C hg (%)YT D

C hg (%)

P riceLast

T ransact io n

YT D

C hg (%)

IHSG naik sebanyak 22 poin (0.35%) ke level 6279.35.

Sementara LQ45 naik sebanyak 4.4 poin (0.44%) ke level

1014.64. Foreign net buy sebesar Rp 72.83 miliar.

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Daily Corporate and Industry News

Pemerintah bakal terus melawan kebijakan diskriminatif Uni Eropa (UE) di forum Organisasi Perdagangan Dunia (World Trade Organization/WTO). Ada dua kasus yang akan diselesaikan di WTO, yakni tambahan tarif bea masuk impor produk sawit Indonesia di UE dan gugatan UE terhadap larangan ekspor nikel Indonesia. Source: Investor Dai-ly Gubernur DKI Jakarta Anies Baswedan telah menandatangani Pergub No 142/2019 tentang Kewajiban Penggunaan Kantong Belanja Ramah Lingkungan Pada Pusat Perbelanjaan, Toko Swalayan, dan Pasar Rakyat dimana kantong plastik dilarang. Source: Bisnis Indonesia Lelang Surat Utang Negara (SUN) untuk pertama kali di awal tahun 2020 ini berhasil menyerap dana sebesar Rp20 triliun melebihi target indikatif Rp15 triliun. Dari tujuh seri SUN yang dilelang total penawaran yang masuk mencapai Rp81,54 triliun. Source: IQPlus Direktur Jenderal Anggaran Kementerian Keuangan Askolani mengatakan, tahun ini pihaknya tidak akan lagi mem-berikan suntikan dana talangan untuk mengatasi defisit keuangan yang dialami Badan Penyelenggara Jaminan Sosial (BPJS) Kesehatan. Source: Investor Daily Kementerian Keuangan (MenKeu) mencatat realisasi penerimaan pajak tahun lalu mencapai 1,332.1 triliun rupiah. Angka ini hanya 84.4% dari target dalam Anggaran Pendapatan dan Belanja Negara (APBN) 2019 sebesar 1.577,5 triliun rupiah. Source: Investor Daily Jumlah utang Asuransi Jiwasraya kepada bank-bank pelat merah semakin menurun. Jiwasraya telah melunasi utang terhadap Bank Negara Indonesia (BBNI) dan menyisahkan utang sebesar 800 Miliar Rupiah terhadap Bank Rakyat Indonesia (BBRI). Indomobil Multi Jasa (IMJS) melalui anak usahanya PT CSM Corporatama (Indorent), mengantongi pinjaman senilai US$ 175 juta dari 13 bank. Source: Investor Daily AKR Corporindo (AKRA) telah kembali menyalurkan jenis bahan bakar minyak tertentu (JBT) minyak solar alokasi 2020 sebesar 234.000 kiloliter (KL). Source: Bisnis Indonesia Daley Capital Limited, perusahaan yang berbasis di Caymand Islands, menambah kepemilikan sahamnya menjadi 10,73% di PT Bakrie & Brothers Tbk (BNBR). Source: Investor Daily Anak usaha Wijaya Karya (WIKA), Wijaya Karya Realty (Wika Realty) mengaku tahun ini menggarap sembilan proyek dengan kapitalisasi Rp 4,8 triliun. Wika Realty ini juga serius menggenjot pendapatan berkesinambungan (recurring income). Source: Investor Daily Kapuas Prima Coal (ZINC) terus mengejar penyelesaian proyek smelter pemurnian timbal di Pangkalan Bun, Kali-mantan Tengah. ZINC menargetkan Smelter Timbal selesai pada Maret 2020. Toba Bara Sejahtera menargetkan produksi 4-5 juta ton batubara pada tahun 2020. Source: Kontan United Tractors (UNTR) menargetkan penjualan 2,900 alat berat, tidak berbeda dengan tahun lalu. Source: Kontan Merdeka Copper Gold (MDKA) bersama dengan J Resources Asia Pasifik (PSAB) bekerja sama untuk menggarap tam-bang emas Pani. Kedua perusahaan telah menandatangani pembentukan perusahaan patungan (joint venture) pada 25 November 2019. Source: Kontan MNC Vision Networks (IPTV) menargetkan pendapatan dua kali lipat sebesar 8 Triliun rupiah pada tahun 2020. Source: Kontan

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

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World Equity Indices

Source: Bloomberg, Sinarmas Investment Research

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

WOR LD EQUIT Y IN D IC ES

N O T IC KER

1 INDU Index 28,872.80 23,581.45 45.24 0.16 19.65 17.19 4.24 3.96 8,220.84 8,220.84

2 SPX Index 3,258.14 2,547.56 6.40 0.20 21.65 18.56 3.64 3.32 27,999.34 27,999.34

3 CCM P Index 9,093.43 6,795.86 95.98 1.07 34.22 25.05 4.90 3.66 14,051.08 14,051.08

4 SPTSX Index 17,230.58 14,533.89 104.63 0.61 17.46 15.20 1.84 1.66 2,632.27 2,030.29

5 M EXBOL Index 45,599.57 38,265.51 616.79 1.42 17.17 14.14 2.11 1.86 5,521.86 292.87

6 SX5E Index 3,801.13 3,032.07 14.10 0.38 20.30 14.49 1.78 1.66 3,312.96 3,691.63

7 UKX Index 7,727.49 6,734.00 31.41 0.42 18.32 13.44 1.80 1.68 2,021.59 2,653.95

8 CAC Index 6,065.74 4,719.23 34.29 0.57 21.53 14.83 1.76 1.63 1,842.46 2,053.05

9 DAX Index 13,425.85 10,745.03 (22.18) (0.17) 24.54 14.13 1.64 1.54 1,230.19 1,370.80

10 IBEX Index 9,705.40 8,409.20 30.60 0.32 15.58 12.33 1.34 1.26 601.37 670.11

11 FTSEM IB Index 24,003.64 18,922.45 217.01 0.92 14.29 11.68 1.22 1.14 531.42 592.16

12 AEX Index 613.95 491.40 5.13 0.85 18.05 16.56 2.07 1.95 818.12 911.63

13 SM I Index 10,755.68 8,560.16 69.86 0.66 25.14 16.85 2.78 2.50 1,279.43 1,318.18

14 AS51 Index 6,893.70 5,666.60 83.42 1.25 20.01 17.86 2.18 2.10 2,056.35 1,412.30

15 AS30 Index 6,996.00 5,730.00 81.10 1.19 20.67 17.30 2.13 2.08 2,240.39 1,538.70

16 SHSZ300 Index 4,172.65 3,038.53 63.65 1.55 14.78 12.12 1.90 1.64 33,551.74 4,828.84

17 SHASHR Index 3,444.44 2,638.87 57.21 1.79 14.79 11.26 1.51 1.30 35,249.07 5,073.12

18 SZASHR Index 1,881.65 1,324.92 72.19 4.01 37.75 17.28 2.63 2.51 24,643.53 3,546.75

19 HSI Index 30,280.12 24,899.93 132.31 0.47 11.10 10.74 1.24 1.14 18,411.77 2,367.25

20 HSCEI Index 11,881.68 9,731.89 30.69 0.27 8.89 8.49 1.21 1.06 13,400.19 1,722.90

21 SENSEX Index 41,809.96 35,287.16 (384.27) (0.93) 26.12 23.06 3.16 3.10 75,324.09 1,048.31

22 NIFTY Index 12,293.90 10,583.65 (115.50) (0.95) 26.26 21.89 2.90 2.83 89,167.12 1,240.97

23 JCI Index 6,636.33 5,767.40 (20.19) (0.32) 19.73 14.52 2.08 2.03 7,266,668.87 522.33

24 LQ45 Index 1,059.65 888.02 0.17 0.02 17.28 14.47 2.42 2.12 4,788,538.43 344.20

25 KSE100 Index 42,835.08 28,670.98 1,169.39 2.87 9.70 6.50 1.30 1.12 6,775.40 43.69

26 NKY Index 24,091.12 20,101.93 (671.13) (2.84) 18.29 17.52 1.75 1.67 387,858.42 3,573.09

27 NEY Index 355.36 298.20 (6.77) (1.94) 14.60 13.18 1.14 1.09 458,306.69 4,222.08

28 TPX Index 1,747.20 1,462.41 (35.06) (2.04) 15.32 14.22 1.21 1.19 656,956.09 6,052.11

29 FBM KLCI Index 1,732.27 1,548.45 22.28 1.40 18.52 15.96 1.62 1.53 1,037.14 253.45

30 NZSE Index 1,947.23 1,527.30 2.98 0.15 27.66 26.45 2.31 2.36 161.87 107.43

31 PCOM P Index 8,419.59 7,469.41 25.44 0.33 17.00 15.36 1.97 1.76 9,801.42 192.64

32 FSSTI Index 3,415.18 3,040.16 25.03 0.78 12.26 12.89 1.10 1.08 570.64 422.51

33 KOSPI Index 2,252.05 1,891.81 (46.18) (2.10) 16.74 11.50 0.84 0.87 1,408,759.57 1,206.36

34 TWSE Index 12,197.64 9,547.63 (116.82) (0.97) 19.28 16.09 1.77 1.84 35,836.13 1,192.43

35 SET Index 1,748.15 1,543.22 5.39 0.34 19.01 15.63 1.70 1.66 16,757.63 552.67

36 SET50 Index 1,164.72 1,041.28 6.57 0.61 18.88 16.35 2.03 1.79 11,839.59 390.47

37 VNINDEX Index 1,028.97 883.67 (2.11) (0.22) 15.79 13.42 2.29 2.24 3,273,778.93 141.25

A sia/ P acif ic

A merica

52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)

Euro pe

H IGH LOW P OIN T %T railing

12M2019E

T railing

12M2019E

D o main

C urrencyUSD

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LQ45

Source: Bloomberg, Sinarmas Investment Research

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

LQ45 Index

HIGH LOW POINT %Trailing

12M2019E

Trailing

12M2019E

1 ADRO IJ 1,540 1,715 1,010 (15) (0.96) 6.92 7.89 0.92 0.91 49,258,381

2 AKRA IJ 3,530 5,875 3,220 (420) (10.63) 19.61 16.95 1.73 1.63 14,171,873

3 ANTM IJ 875 1,175 660 35 4.17 26.14 22.44 1.05 1.03 21,026,919

4 ASII IJ 6,775 8,550 6,250 (150) (2.17) 13.40 12.80 1.92 1.86 274,276,073

5 BBCA IJ 33,700 34,000 25,700 275 0.82 29.39 28.84 4.95 4.80 830,873,837

6 BBNI IJ 7,550 10,250 6,650 (300) (3.82) 9.05 8.97 1.19 1.18 140,797,356

7 BBRI IJ 4,400 4,730 3,630 0 0.00 15.98 15.47 2.73 2.68 542,721,564

8 BBTN IJ 2,120 2,860 1,780 0 0.00 16.39 18.53 0.93 0.92 22,450,800

9 BMRI IJ 7,600 8,175 6,275 (75) (0.98) 13.05 12.94 1.80 1.81 354,666,667

10 BRPT IJ 1,325 1,525 456 (185) (12.25) 658.36 47.51 7.10 1.06 117,946,198

11 BSDE IJ 1,250 1,580 1,120 (5) (0.40) 7.90 9.82 0.83 0.81 24,058,370

12 BTPS IJ 4,190 4,500 1,855 (60) (1.41) 32.23 24.76 8.08 6.15 32,278,503

13 CPIN IJ 7,325 8,825 4,190 825 12.69 33.01 34.87 6.00 5.64 120,115,350

14 CTRA IJ 1,020 1,335 855 (20) (1.92) 18.71 19.41 1.29 1.25 18,931,509

15 ERAA IJ 1,710 2,590 965 (85) (4.74) 15.34 15.04 1.16 1.08 5,454,900

16 EXCL IJ 3,250 3,730 1,995 100 3.17 - 54.99 1.84 1.84 34,735,871

17 GGRM IJ 56,000 100,975 49,175 3,000 5.66 11.62 11.10 2.27 2.17 107,748,928

18 HMSP IJ 2,250 4,030 1,900 150 7.14 18.67 18.10 8.20 7.25 261,715,673

19 ICBP IJ 11,500 12,550 8,950 350 3.14 26.93 26.85 5.60 5.56 134,111,942

20 INCO IJ 3,560 4,320 2,410 (80) (2.20) 440.39 51.06 1.35 1.30 35,373,366

21 INDF IJ 8,200 8,200 5,850 275 3.47 14.75 15.21 1.98 1.97 71,999,497

22 INDY IJ 1,275 2,260 1,050 80 6.69 - 10.16 0.53 0.51 6,642,995

23 INKP IJ 8,000 13,700 5,325 300 3.90 10.13 - 0.79 - 43,767,864

24 INTP IJ 18,900 22,875 17,000 (125) (0.66) 40.83 42.87 3.11 2.99 69,575,279

25 ITMG IJ 11,900 24,475 10,050 425 3.70 5.73 6.83 1.02 1.07 13,446,108

26 JPFA IJ 1,665 3,100 1,280 130 8.47 12.63 12.23 1.94 1.81 19,524,748

27 JSMR IJ 5,075 6,450 4,550 (100) (1.93) 19.05 17.78 2.03 1.96 36,833,696

28 KLBF IJ 1,635 1,690 1,260 15 0.93 29.85 29.28 5.00 4.78 76,640,825

29 LPPF IJ 4,190 7,325 2,940 (20) (0.48) 15.08 8.09 6.56 5.27 11,752,461

30 MEDC IJ 900 1,060 620 35 4.05 - 7.17 0.93 0.17 16,128,330

31 MNCN IJ 1,600 1,705 725 (30) (1.84) 8.98 10.66 1.79 1.91 22,841,766

32 PGAS IJ 2,100 2,720 1,775 (70) (3.23) 16.91 10.04 1.41 1.32 50,907,167

33 PTBA IJ 2,710 4,510 2,110 50 1.88 6.89 7.43 1.76 1.73 31,220,987

34 PTPP IJ 1,690 2,550 1,340 105 6.62 8.96 7.79 0.81 0.74 10,477,827

35 PWON IJ 545 815 535 (25) (4.39) 9.01 9.92 1.82 1.73 26,246,983

36 SCMA IJ 1,415 2,030 1,080 5 0.35 16.94 15.10 3.99 3.94 20,906,161

37 SMGR IJ 12,300 14,450 10,075 300 2.50 31.92 36.40 2.34 2.29 72,957,696

38 SRIL IJ 262 372 240 2 0.77 4.40 3.76 0.66 - 5,358,470

39 TKIM IJ 11,425 13,950 5,575 1,150 11.19 16.98 - 1.86 - 35,568,579

40 TLKM IJ 3,940 4,500 3,431 (30) (0.76) 19.27 18.28 3.92 3.64 390,305,133

41 TPIA IJ 9,625 10,600 4,680 (750) (7.23) 315.05 115.04 6.95 6.90 171,647,633

42 UNTR IJ 21,250 28,900 19,650 (275) (1.28) 7.41 7.21 1.42 1.31 79,265,372

43 UNVR IJ 8,450 10,105 8,070 50 0.60 44.07 46.37 46.80 52.96 322,367,500

44 WIKA IJ 2,120 2,500 1,635 130 6.53 8.55 9.43 1.20 1.18 19,016,297

45 WSKT IJ 1,505 2,230 1,215 20 1.35 14.73 7.24 1.12 0.96 20,428,796

MARKET CAP

(Mn)LQ45 Index

CHANGE YTD PER (x) PBV (x)

7-Jan-20

52-WEEK

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Macro data

Source: Bloomberg, Sinarmas Investment Research

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

Property (0.39) (1.36) (3.07) (1.86)

Basic Industry 1.24 (2.72) (1.31) (1.14)

Trade (0.70) (1.61) (1.24) (1.70)

Finance 0.26 (0.75) 4.02 (0.32)

M iscellaneous Industry 0.24 (2.51) (0.49) (2.35)

Consumer 1.31 1.56 2.27 2.40

Infrastructure (0.44) (1.19) (0.79) (0.78)

Agriculture 0.37 (2.45) 1.56 (4.44)

M ining 0.75 0.82 6.53 1.43

D ec-19 N o v-19

2.72 3.61

2.72 3.00

0.34 0.14

126.63 126.69

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

USD/IDR 13,930.00 - 0.57 (0.46)

USD/CNY 6.95 0.43 1.35 0.26

USD/EUR 0.90 (0.07) (0.86) 0.46

USD/JPY 107.89 0.51 0.62 0.67

USD/SGD 1.35 (0.12) 0.60 (0.40)

USD/AUD 1.46 0.07 (0.61) 2.21

USD/GBP 0.76 0.07 0.24 1.09

( in %)

5.85

0.96

1.46

6.42

7.09

7.46

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

Inflation YoY (in %)

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

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Technical Corner

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

JCI : MIXED MELEMAH

Last price : 6.279,4

Support : 6.244, 6.210

Resistance : 6.304, 6.337

JCI pada hari ini kami perkirakan akan bergerak MIXED MELEMAH dengan range 6.210 - 6.304. JCI cenderung

mengalami koreksi dan menguji Support 6.210. Namun, jika JCI bertahan diatas 6.287, maka berpeluang

rebound dengan mencoba Resistance 6.304. Indikator Stoc osc mengindikasikan pola Downtrend dan MACD

berpotensi membentuk bearish reversal.

Jakarta Composite Index (JCI)

Summary of portfolio:

Stock Recommendation Comment

HMSP TAKE PROFIT HMSP telah berhasil break Resistance 2.210, berpeluang menguji Resistance2.270 dan 2.340. Support berada pada 2.210 dan 2.160.

UNTR HOLD UNTR belum berhasil breakout Resistance 21.850, dan cenderung bergeraksideway dengan range 21.150-21.850. Jika UNTR break diatas 21.850, akan

melanjutkan penguatan dengan mencoba Resistance 22.150 dan 22.375.

MAPI HOLD MAPI mencoba break Resistance 1.075 dan berpeluang menguji Resistanceberikutnya 1.090 dan 1.115. Support MAPI berada pada 1.050 dan 1.035.

ADHI HOLD ADHI mencoba break Resistance 1.210 dan berpeluang menguji Resistanceberikutnya di 1.240 dan 1.255. Support terdapat pada level 1.195 dan 1.175.

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Jul Aug Sep Oct Nov Dec 2020

5,950

6,000

6,050

6,100

6,150

6,200

6,250

6,300

6,350

6,400

6,450

6210

6244

6304

6337

COMPOSITE - Daily 07-Jan-20 Open 6257.4, Hi 6284.89, Lo 6246.13, Close 6279.35 (0.4%) Vol 62,426,620 MA1(Close,5) = 6,288.67, MA2(Close,20) = 6,245.43, MA3(Close,60) = 6,187.20, MA4(Close,200) = 6,262.65, SAR(0.02,0.2) = 6,332.14

6,279.35 6,262.65 6,245.43

6,187.2

6,288.67

6,332.14

20%

40%

60%

80%

100%COMPOSITE - Stochastic %D(14,3,3) = 76.74, Stochastic %K(14,3) = 72.81

76.7355 72.8117

Page 7: Wednesday, January 8, 2020 - Sinarmas Sekuritasfinancial.sinarmassekuritas.co.id/info/research/Tahun...2020/01/08  · Wika Realty ini juga serius menggenjot pendapatan berkesinambungan

H.M. Sampoerna Tbk (HMSP)

United Tractors Tbk (UNTR)

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

HMSP : TAKE PROFIT

Last price : 2.250Target price : 2.220 (6.7%)

HMSP telah berhasil break Resistance 2.210, berpeluang menguji Resistance 2.270 dan 2.340. Support berada pada2.210 dan 2.160. HMSP dilihat dari Indikator MACD mengindikasikan pola Uptrend dan Indikator Stoc oscmengindikasikan pola awal Reversal.

UNTR : HOLD

Last price : 21.250Target price : 22.375 (4.1%)Stop loss : 20.900 (-2.8%)

UNTR belum berhasil breakout Resistance 21.850, dan cenderung bergerak sideway dengan range 21.150-21.850.Namun, jika UNTR break diatas 21.850, akan melanjutkan penguatan dengan mencoba Resistance 22.150 dan 22.375.Indikator MACD mengindikasikan pola Sideways dan Stoc osc mengindikasikan pola sideway.

Support : 2.210, 2.160Resistance : 2.270, 2.340

Support : 21.150, 20.925Resistance : 21.850, 22.150

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Sep 9 16 23 30Oct 7 14 21 28 Nov 11 18 25 Dec 9 16 23 302020

1,800

1,900

2,000

2,100

2,200

2,300

2,400

2,500

2,600

2,700

2,800

2,900

3,000

3,100

3,200

3,300

3,400

21602210

2360

2270

2100

HMSP - Daily 07-Jan-20 Open 2170, Hi 2270, Lo 2140, Close 2250 (4.7%) Vol 837,123 MA1(Close,5) = 2,146.00, MA2(Close,20) = 2,100.00, MA3(Close,60) = 2,099.00, MA4(Close,200) = 2,807.15, SAR(0.02,0.2) = 2,061.47

2,250

2,146 2,100 2,099 2,061.47

2,807.15

0%

20%

40%

60%

80%HMSP - Stochastic %D(14,3,3) = 60.47, Stochastic %K(14,3) = 76.97

60.4714

76.9697

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

16 23 30Oct 7 14 21 28 Nov 11 18 25 Dec 9 16 23 302020

19,500

20,000

20,500

21,000

21,500

22,000

22,500

23,000

23,500

24,000

24,500

25,000

25,500

26,000

21800

2112520925

22225

20600

UNTR - Daily 07-Jan-20 Open 21600, Hi 21625, Lo 21150, Close 21250 (-1.5%) Vol 36,676 MA1(Close,5) = 21,425.00, MA2(Close,20) = 21,398.75, MA3(Close,60) = 21,616.25, MA4(Close,200) = 23,892.00, SAR(0.02,0.2) = 21,079.00

21,250 21,079

21,398.8 21,425 21,616.3

23,892

20%

40%

60%

80%

100%UNTR - Stochastic %D(14,3,3) = 49.25, Stochastic %K(14,3) = 44.71

49.2473 44.7115

Page 8: Wednesday, January 8, 2020 - Sinarmas Sekuritasfinancial.sinarmassekuritas.co.id/info/research/Tahun...2020/01/08  · Wika Realty ini juga serius menggenjot pendapatan berkesinambungan

MAPI : HOLD

Last price : 1.055Target price : 1.115 (5.2%)Stop loss : 1.030 (-2.8%)

MAPI masih mencoba break Resistance 1.075 dan berpeluang menguji Resistance berikutnya 1.090 dan 1.115. SupportMAPI berada pada 1.050 dan 1.035. MAPI dilihat dari Indikator MACD mengindikasikan pola Bullish.

ADHI : HOLD

Last price : 1.185Target price : 1.255 (3.7%)Stop loss : 1.175 (-2.9%)

ADHI belom berhasil break Resistance 1.210 dan berpeluang menguji Resistance berikutnya di 1.240 dan 1.255.Support terdapat pada level 1.195 dan 1.175. ADHI dilihat dari Indikator Stoc osc dan MACD berpotensi membentukpola bullish reversal.

Support : 1.045, 1.035Resistance : 1.115, 1.135

Support : 1.195, 1.175Resistance : 1.215, 1.240

Adhi Karya (Persero) Tbk (ADHI)

Mitra Adiperkasa Tbk (MAPI)

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

9 16 23 30Oct 7 14 21 28 Nov 11 18 25 Dec 9 16 23 302020 960

980

1,000

1,020

1,040

1,060

1,080

1,100

1,120

1,140

1,160

1,180

1,200

1,220

1040

1070

1080

1050

1030

MAPI - Daily 07-Jan-20 Open 1055, Hi 1065, Lo 1045, Close 1055 (0.0%) Vol 56,881 MA1(Close,5) = 1,060.00, MA2(Close,20) = 1,054.50, MA3(Close,60) = 1,064.17, MA4(Close,200) = 995.42, SAR(0.02,0.2) = 1,012.38

1,055 1,054.5

1,012.38

995.425

1,060 1,064.17

-10

0

10

20

30

MAPI - MACD(12,26) = 0.52, Signal(12,26,9) = -1.58

0.515334-1.58234

Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

16 23 30Oct 7 14 21 28 Nov 11 18 25 Dec 9 16 23 302020 1,000

1,050

1,100

1,150

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1175

1215

1155

1230

1250

ADHI - Daily 07-Jan-20 Open 1190, Hi 1200, Lo 1180, Close 1185 (0.0%) Vol 50,721 MA1(Close,5) = 1,185.00, MA2(Close,20) = 1,202.25, MA3(Close,60) = 1,209.92, MA4(Close,200) = 1,417.65, SAR(0.02,0.2) = 1,268.07

1,185 1,185

1,202.25 1,209.92

1,268.07

1,417.65

-40

-30

-20

-10

0

10

ADHI - MACD(12,26) = -2.23, Signal(12,26,9) = -1.47

-2.23437-1.47188

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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

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Tel: +62 21 3925550 Ext: 615

[email protected]

DEPUTY HEAD OF RESEARCH

Wilbert

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EQUITY ANALYST

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Commodities

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EQUITY ANALYST

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EQUITY ANALYST

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EQUITY ANALYST

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Construction, Infrastructure, Petrochemical

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TECHNICAL ANALYST

Eddy Wijaya

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DISCLAIMER

This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judg-

ment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Seku-

ritas 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

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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

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