20150813 - trimegah.com · title: 20150813 author: rovandi created date: 8/13/2015 8:48:16 am
TRANSCRIPT
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TRIM DAILY PT Trimegah Securities Tbk - www.trimegah.com 1
JCI is looking cheap following yesterday’s correction. Index has passed its
support level at 4500 and now trades at 13x forward PE versus the average
of 15x. Reshuffle is done and marginally better than previous team. Howev-
er, systemic weakness is abound and short-selling by foreign will likely per-
sist. Although valuation is increasingly attractive, we suggest investors to
remain cautious and bottom fish slowly (and be more aggressive when we
start seeing Rupiah stabilizing).
TRIM Daily
TRIM Highlights
Aug 13, 2015
Jakarta Composite Index (JCI) down 143 point or 3.0% to 4479 yesterday.
Index movers were mostly driven by agriculture, basic industry, & infrastruc-
ture. Total transaction value was Rp6.0tr. IDX recorded Rp763bn net sell by
foreign investors. Regional market still opened in the negative territory this
morning, we expect JCI to move between negative and positive territories
with higher potential upside, Support and resistance levels for JCI today are
4,425 - 4,614
Technical Market View
Yuan currency has lost 3.5% against USD in the last two days post devalua-tion. Data on Chinese factory activity growth and retail sales on Wednesday underlined sluggish growth, while fiscal expenditures jumped 24.% in July, reflecting china's efforts to stimulate economic activity.
Global Wrap
Technical analysis: trading picks
JCI 4,479.5
Global Indices
Dual Listing (NYSE)
Others
(USD) (Rp) Chg %
41.4 14,269 -1.35 -3.2TLKM
Change -3.10%
Transaction Volume (m) 5,419
Transaction Value (Rpbn) 5,960
Mkt Cap (Rptr) 4,591
Market 2015 P/E (x) 12.0
Market Div. Yield (%) 2.4%
Price Chg %
Dow Jones 17,402.5 -0.3 -0.0
Nasdaq 5,044.4 7.6 0.2
Nikkei 20,392.8 -328.0 -1.6
ST Times 3,061.5 -91.6 -2.9
FTSE 6,571.2 -93.4 -1.4
Hang Seng 23,916.0 -582 -2.4
Chg %
USD IDR 13,800 193 1.410 yr Indo Govt bond (%) 8.79 0.2 2.310 yr US govt bond (%) 2.1 -0.02 -0.8
Spread (%) 6.65 0.22 3.1EIDO 20.3 -1.0 -4.8Foreign YtD (USDmn) (1,351) -55 4
Stock Price Rating Reason
ASRI 426 Spec Buy
After selling pressures for 11% yesterday, we expect ASRI to form a technical re-bound within today’s trading range of 418-440
PWON 359 Spec Buy
Despite its deep correction in the last few weeks, we believe PWON has a potential upside to close its 382 price-gap. PWON’s support and resistance levels for today are 340-382
TLKM 2800 Spec Buy
TLKM is a long term bullish. However, we expect the stock would form a short-term uptrend. TLKM is a Speculative Buy with today’s trading range of 2730-2880
BBNI 4510 Spec Buy BBNI is a long term bullish with possible upside movement for today between the range of 4450-4600
GGRM 46675 Buy
GGRM formed hammer candle and sto-chastic oscillator golden cross. GGRM sup-port-resistance level for today is 45100-47200.
BBRI 9700 Buy
In short term, BBRI has the opportunity for a technical rebound with today’s trad-ing range of 9300-10100.
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 2
News of the Day
Economy: Darmin Nasution replacing Sofyan Djalil
as economic chief minister.
As one of the sixth minister been reshuffled, Jokowi
appoints Darmin Nasution for the new economic chief
minister. During his service as former BI’s governor
(2009-2013), Darmin Nasution has applied pro-growth
policy by lowering BI rate significantly from 7% to 5.75%
and also support bond market to ensure low interest rate
took place. Prior to his service as BI governor, Darmin
Nasution lead the tax department under finance ministry
(2006-2009) and he launched tax sunset policy.
Gaikindo revises its 4W wholesales FY15 target to
~950k-1m units, a -17% to -21% decline YoY
Note that 7M15 4W sales only reached 581.9k units (-
2 6 % Y o Y ) . S o u r c e : B i s n i s I n d o n e s i a
Comment:
This is the 2nd time Gaikindo revises its FY15 sales from
initially 1.2m units to 1.05-1.1m units.
Kepodang block production will be delayed given
PGAS’ Kalija-1 pipe project has not been finished
yet
Note that the Kepodang development has been finished
since end of 2014. PGAS’ Kalija project is supposed to be
finished this August 2015. The Kalija-1 207 km pipe (203
km offshore, 4 km onshore) has been installed. Note that
120mmscfd will be distributed to Tambak Lorok, Sema-
rang (Central Java). Source: Bisnis Indonesia
BBRI: targets 15% YoY micro loan growth this year
The company will utilize KUR (government-sponsored
micro loans) to achieve the abovementioned target.
According to the CEO, Asmawi Syam, the KUR launching
will be at August 14th and focus on the main sectors such
as fishery, agriculture, manufacturing, and trading. More-
over, BBRI also plans to issue Rp2tr negotiable certificate
of deposits (NCD) with 4.25%-6% coupon rate with
maximum tenor of 9 months to support its funding.
Source: Kontan & IFT ([email protected])
ISAT: To cut its debt
In H2, the company plans to pay down Rp1.48tn of debt.
Company intends to settle around US$30mn loan and
Rp1tn loan. ISAT has redeemed its US$650mn bond
which matures in 2020. source: Kontan
SSIA: Plans to issue SG$100mn bond
This represents a downsizing from its original plan to
issue US$200mn loan. Proceeds will be used for land
acquisition 500ha in Subang. source: Kontan
HMSP: Conducts rights issue with maximum target
proceeds of IDR26.7trn
HM Sampoerna (HMSP IJ) conducts rights issue by issuing
269.7m new shares (6.2% of its enlarged shares). Each 65
existing shares will be entitled 4 new shares with price at
IDR63,000 – IDR99,000/share. The potential maximum
rights issue proceeds is IDR26.7trn. Source: Bisnis Indone-
sia ([email protected])
DMAS confirms sales of 60Ha land
PT SGMW Motor Indonesia, an automotive-sector JV by
SAIC motor, General Motors, and Liuzhou Wuling motors
confirms 60Ha land purchase in Deltamas, Cikarang,
Bekasi. The sales marks 78% of their 2015 land sales
target, and projects 2015 marketing sales target of
Rp1.9tr. DMAS will also launch their Japanese-themed
residential development worth Rp1tr by 2015, which will be
50% funded by IPO proceeds. Source: Investor Daily
E-commerce: Transaction value could achieve
USD130bn in 2020E
E-commerce transactions in Indonesia could achieve
USD130bn in 2020E if e-commerce roadmap completed
and implemented in Indonesia. Minister of Communication
and Informatics said he expects the road map to complete
this August. During last year, the e-commerce transaction
value in Indonesia achieved ~USD12bn (~50%
YoY).Source: Bisnis Indonesia
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 3
News of the Day
Name Position Background
Luhut Binsar Pandjaitan Coordinating Political, Legal and Security Affairs minister
- Former Trade and Industry Minister - Solid military career
Pramono Agung Cabinet Secretary - Senior PDI-P politician
Darmin Nasution Coordinating Economic Minister - Former Central Bank's Governor - Former Director General of Taxation
Thomas Trikasih Lembong Trade Minister - Former Head of Division and Senior Vice-President for the Indonesian Bank Restructuring Agency (BPPN)
Sofyan Djalil National Development Planning Minister
- Former SOE Minister and State Minister for Information and Communication - Joined Jusuf Kalla’s presidential campaign team in 2004
Rizal Ramli Coordinating Maritime Affairs Minister
- Former Coordinating Economic Minister and Finance Minister
Newly Appointed Ministers
Source: thejakartapost.com
Jokowi reshuffles ministry cabinets
Jokowi recently reshuffled several of its ministry cabinets (refer to below chart). Source: The Jakarta Post
Comment:
Darmin Nasution as Coordinating Economic Minister should somehow gives a positive reaction to the market
given its precedent pro-growth policy measures.
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 4
Table
Indo Market PE vs Regional (Weekly)
Indo Market PE vs 10yr Bond Yield
Oil Price (Brent), Coal Price (Newcastle), Gold
Foreign Fund Flow in last 5 & 30 days
5yr Bond Yield Indo (USD) vs US Bond Yield
CPO Price, Soybean Price (both 1m Futures)
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
22.0
2010
2010
2011
2012
2013
2014
2015
(x)
Weekly Hang Seng Singapore Thailand Philippines Malaysia Indonesia
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Mar-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(%) Bond Yield US Ind 5yr Bond Yield Indo in USD
-145-64
-559
-181
26
-122
-310
-200
-1,112
-585
32
471
(1,200)
(1,000)
(800)
(600)
(400)
(200)
0
200
400
600
IND
ON
ESIA
PH
ILIP
PIN
ES
SO
UTH
KO
REA
TH
AIL
AN
D
VIE
TN
AM
IND
IA
(USDmn) 5 Days 30 Days
500
700
900
1,100
1,300
1,500
40
50
60
70
80
90
100
110
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Apr-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(USD/ Troy oz.)(USD)
Brent Crude Oil (bbl) (LHS) Coal (mt) (LHS) Gold (RHS)
500
700
900
1,100
1,300
1,500
1,700
-
500
1,000
1,500
2,000
2,500
3,000
Aug-14
Sep-1
4
Oct-
14
Nov-1
4
Dec-14
Jan-15
Feb-15
Mar-
15
Apr-
15
May-15
Jun-1
5
Jul-
15
(USD Bushels)(MYR Tons)
CPO Malaysia (LHS) Soybean (RHS)
6.0
6.5
7.0
7.5
8.0
8.5
9.0
12.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
16.0
Aug-
14
Sep-
14
Oct-
14
Nov-
14
Dec-
14
Jan-
15
Feb-
15
Mar-
15
Apr-
15
May-
15
Jun-
15
Jul-
15
Aug-
15
(%)(X) JCI PE (LHS) Indo 10Yr Bond Yield (RHS)
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 5
Table
INCO, ANTM vs Nickel price (LME)
Coal Price (Newcastle) vs Coal Sector
TINS vs Tin price (LME)
ANTM vs Gold price
CPO Price (1m Futures in Malaysia) vs CPO Sector
GIAA vs Brent Crude Oil
150
175
200
225
250
275
50
55
60
65
70
75
Aug-14
Sep-1
4
Oct-
14
Nov-1
4
Dec-14
Jan-15
Feb-15
Mar-
15
Apr-
15
May-15
Jun-1
5
Jul-
15
(USD/MT)Coal (LHS) COAL Sector (RHS)
50
55
60
65
70
75
80
85
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
2,500
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Apr-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(MYR / Ton)
CPO Malaysia (LHS) CPO Sector (RHS)
-
5,000
10,000
15,000
20,000
25,000
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Apr-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(USD /MT)(Rp)
INCO (LHS) ANTM (LHS) Nickel LME (RHS)
500
600
700
800
900
1,000
1,100
1,200
1,300
1,400
500
600
700
800
900
1,000
1,100
1,200
1,300
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Apr-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(USD troy oz.)(Rp) ANTM (LHS) Gold (RHS)
14,000
15,000
16,000
17,000
18,000
19,000
20,000
21,000
22,000
23,000
500
700
900
1,100
1,300
1,500
1,700
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Apr-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(USD/MT)(Rp)TINS (LHS) Tin LME (RHS)
40
50
60
70
80
90
100
110
300
350
400
450
500
550
600
650
700
Aug-14
Sep-1
4
Sep-1
4
Oct-
14
Nov-1
4
Nov-1
4
Dec-14
Jan-15
Jan-15
Feb-15
Mar-
15
Apr-
15
Apr-
15
May-15
Jun-1
5
Jun-1
5
Jul-
15
Aug-15
(USD bbl)(Rp)
GIAA (LHS) Crude Oil Brent (RHS)
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 6
World Economic Calendar
Date Time Country Event Period Survey Actual Prior
8/4/2015 US Factory Orders (%) Jun 1.6 1.8 -1.0
ID GDP YoY (%) 2Q 4.6 4.7 4.6
8/5/2015 US MBA Mortgage Applications (%) 31-Jul -- 4.7 0.8
US ADP Employment Change (000's) Jul 215.0 185.0 237.0
US Trade Balance (USDbn) Jun -43.0 -43.8 -41.9
US Markit US Composite PMI Jul F -- 55.7 55.2
US Markit US Services PMI Jul F 55.2 55.7 55.2
US ISM Non-Manf. Composite Jul 56.2 60.3 56.0
EC Markit Eurozone Services PMI Jul F 53.8 54.0 53.8
EC Markit Eurozone Composite PMI Jul F 53.7 53.9 53.7
EC Retail Sales MoM (%) Jun -0.2 -0.6 0.2
EC Retail Sales YoY (%) Jun 2.0 1.2 2.4
CH Caixin China PMI Composite Jul -- 50.2 50.6
CH Caixin China PMI Services Jul -- 53.8 51.8
8/6/2015 US Initial Jobless Claims (000's) 1-Aug 272 270 267
US Continuing Claims (000's) 25-Jul 2249 2255 2262
8/7/2015 US Bloomberg Consumer Comfort 2-Aug -- 40.3 40.5
US Change in Nonfarm Payrolls Jul 225.0 215.0 223.0
US Change in Manufact. Payrolls (000's) Jul 5 15 4
US Unemployment Rate (%) Jul 5.3 5.3 5.3
CH Exports YoY (%) Jul -1.4 -8.3 2.8
ID Foreign Reserves (USD mn) Jul -- 107.6 108
08/08/2015 CH Imports YoY (%) Jul -5.2 -8.6 -6.1
CH Trade Balance (USDbn) Jul 54.4 43.0 46.5
CH CPI YoY (%) Jul 1.6 1.6 1.4
8/9/2015 CH PPI YoY (%) Jul -5 -5.4 -4.8
8/11/2015 CH New Yuan Loans CNY Jul 750 1,480.0 1,279
CH Money Supply M2 YoY (%) Jul 11.7 13.3 11.8
US NFIB Small Business Optimism Jul 95.4 95.4 94.1
US Wholesale Inventories MoM (%) Jun 0.4 0.1 0.8
EC ZEW Survey Expectations Aug -- 47.6 42.7
CH Retail Sales YoY (%) Jul 10.6 10.5 10.6
CH Industrial Production YoY (%) Jul 6.6 6.0 6.8
8/12/2015 CH Industrial Production YTD YoY (%) Jul 6.4 6.3 6.3
US MBA Mortgage Applications (%) 7-Aug -- 0.1 4.7
8/13/2015 US Monthly Budget Statement (USD bn) Jul -140 -149.2 -94.6
US Retail Sales Advance MoM (%) Jul 0.6 -- -0.3
US Retail Sales Ex Auto MoM (%) Jul 0.4 -- -0.1
US Retail Sales Ex Auto and Gas (%) Jul 0.5 -- -0.2
US Import Price Index MoM (%) Jul -1.2 -- -0.1
US Initial Jobless Claims (000's) 8-Aug 270 -- 270
US Continuing Claims (000's) 1-Aug 2245 -- 2,255
EC Industrial Production SA MoM (%) Jun -0.1 -- -0.4
US Bloomberg Consumer Comfort 9-Aug -- -- 40.3
US PPI Final Demand MoM (%) Jul 0.1 -- 0.4
US PPI Ex Food and Energy MoM (%) Jul 0.1 -- 0.3
US PPI Final Demand YoY (%) Jul -0.9 -- -0.7
US PPI Ex Food and Energy YoY (%) Jul 0.5 -- 0.8
US Industrial Production MoM (%) Jul 0.3 -- 0.3
US Capacity Utilization (%) Jul 78 -- 78.4
US U. of Mich. Sentiment Aug P 93.6 -- 93.1
EC GDP SA QoQ (%) 2Q A 0.4 -- 0.4
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 7
Corporate Action
Code Price
Exercise Maturity Emiten Description
INVS-W 165 8-May-15 Inovisi Infracom WARAN SERI I INOVISI INFRACOM
SUGI-W 100 21-May-15 Sugih Energy WARAN SERI II SUGIH ENERGY
MCOR-W 200 10-Jul-15 Bank Windu Kentjana International WARAN SERI I BANK WINDU KENTJANA INTERNATIONAL
GAMA-W 105 16-Jul-15 Gading Development WARAN SERI I GADING DEVELOPMENT
SUPR-W 4800 28-Aug-15 Solusi Tunas Pratama WARAN SERI I SOLUSI TUNAS PRATAMA
NIRO-W 110 11-Sep-15 Nirvana Development WARAN SERI I NIRVANA DEVELOPMENT
BSIM-W 149 11-Dec-15 Bank Sinar Mas WARAN SERI I BANK SINAR MAS
Warrant
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 8
Statistics
-1.6
-3.0
-3.3
-3.8
-4.0
-4.4
-4.6
-4.8
-6.1
-7.9
ASII
BBCA
BBNI
BMRI
UNVR
BBRI
PGAS
TLKM
KLBF
LPPF7.4
4.9
4.0
2.6
1.7
1.7
1.2
0.9
0.9
0.7
MEGA
AMAG
MASA
AMRT
BNII
COWL
MKPI
LPKR
GGRM
MYRX
456
441
391
251
214
189
167
115
110
109
- 200 400 600
BBRI
BMRI
BBCA
TLKM
KLBF
BBNI
ASII
SILO
LPPF
INTP
445
326
199
179
147
136
129
115
109
89
0 200 400 600
SIAP
SRIL
PWON
ENRG
KLBF
ASRI
SIMA
ADRO
META
TLKM
14,770
10,846
8,640
8,562
8,078
7,744
7,048
6,876
5,354
5,164
SRIL
TLKM
KLBF
BMRI
BBNI
BBRI
ADRO
PGAS
PWON
BBCA
JCI Winners (%) JCI Losers (%) JCI Value (Rpbn) JCI Volume (mn Lot) JCI Freq (x)
YTD (Rp) -14.30% 5,419
YTD (USD) 21.55% 5,960
Moving Avg 20day 4,789 4,591
Moving Avg 50day 4,898 12.0
Moving Avg 200day 5,168 2.4%
Indonesia & Sectors +/- (%)YTD (%)
MSCI Indonesia 5,195.9 -199.7 -3.7 -16.2
JII 585.3 -22.4 -3.7 -15.3
LQ45 752.3 -28.8 -3.7 -16.3
JAKFIN Index 654.8 -20.2 -3.0 -10.5
JAKINFR Index 931.9 -35.5 -3.7 -19.7
JAKMINE Index 922.6 -27.9 -2.9 -32.6
JAKCONS Index 2,010.1 -63.4 -3.1 -7.7
JAKTRAD Index 885.1 -24.7 -2.7 0.7
JAKMIND Index 1,057.5 -23.5 -2.2 -19.1
JAKBIND Index 348.6 -13.3 -3.7 -35.9
JAKPROP Index 471.3 -15.2 -3.1 -10.2
JAKAGRI Index 1,729.8 -84.5 -4.7 -26.4
Commodities +/- (%)YTD (%)
CRB Index 198.9 -0.4 -0.21 -13.5
Oil & Gas
Brent Crude Oil (USD/bbl) 49.7 0.5 0.98 -13.3
Nymex Oil (USD/bbl) 43.3 0.2 0.51 -18.8
Natural Gas 2.9 0.1 3.06 1.1
COAL (AUS Daily) 58.6 -0.9 -1.51 -5.5
Industrial Metals
Aluminum (USD/tonne) 1,573.8 2.0 0.13 -14.2
Nickel (USD/tonne) 10,600 -155 -1.44 -30.0
Tin (USD/tonne) 15,125 -175 -1.14 -22.0
Precious Metal
Gold (USD/t oz.) 1,123.3 15.8 1.43 -5.1
Silver (USD/t oz.) 15.5 0.2 1.26 -0.8
Soft Commodities
CPO (Malaysia - Rm/tonne) 1,986 -44.0 -2.17 -13.3
Rubber (JPY/kg) 1,504 -0.9 -0.06 -8.4
Corn (USD/bu.) 357 -19.3 -5.11 -10.0
Wheat (USD/bu.) 492 -15.0 -2.96 -16.6
Soybeans (USD/bu.) 919 -62.5 -6.37 -9.9
Volume (m)
Value (Rpbn)
Mkt Cap (Rptr)
Market 2015 P/E (x)
Market Div. Yield (%)
CPO (Malaysia - Rm/tonne)
Indices Region +/- (%) YT D (%)
MXWO MSCI Word 1,742.4 -7.21 -0.41 1.91
SPX S&P 500 2,086.1 1.98 0.10 1.32
US
17,402.5 -0.3 -0.00 -2.36
Nasdaq US 5,044.4 7.60 0.15 6.51
Europe
EURO 50 Europe 383.0 -10.62 -2.70 11.82
FTSE London 6,571.2 -93.35 -1.40 0.08
DAX Jerman 10,924.6 -369.0 -3.27 11.41
CAC France 4,925.4 -173.60 -3.40 15.27
SMI Swiss 9,183.9 -240.53 -2.55 2.23
BRIC
BOVESPA Brazil 48,388.1 -684 -1.39 -3.24
MICEX Russia 1,697.7 -0.22 -0.01 21.56
SENSEX India 27,512.3 -353.8 -1.27 0.05
NIFTY India 8,349.5 -112.9 -1.33 0.81
SHCOMP China 3,886.3 -41.59 -1.06 20.14
SZCOMP China 2,249.2 -35.09 -1.54 58.93
Nikkei Japan 20,392.8 -328.0 -1.58 16.86
TPX Japan 1,665.8 -21.85 -1.29 18.35
HSI Hong kong 23,916.0 -582 -2.38 1.32
KOSPI S.Korea 1,975.5 -11.18 -0.56 3.13
TAIEX Taiwan 8,283.4 -110.8 -1.32 -11.00
FSSTI Singapore 3,061.5 -91.57 -2.90 -9.03
ASEAN
SET Thailand 1,408.3 0.00 0.00 -5.97
PCOMP Philipines 7,495.4 -75.0 -0.99 3.66
KLCI Malaysia 1,609.9 -26.78 -1.64 -8.59
VNINDEX Vietnam 604.2 -8.81 -1.44 10.75
Developed ASIA
Dow Jones Industrial
Kurs Region +/- (%) YT D (%)
USDEUR Euro 0.896 -0.009 -1.0 12.0
USDGBP UK 0.641 -0.002 -0.3 6.7
USDCHF Switzerland 0.975 -0.013 -1.3 -2.5
USDCAD Canada 1.298 -0.014 -1.0 8.1
USDAUD Australia 1.355 -0.014 -1.0 12.9
USDNZD New Zealand 1.511 -0.020 -1.3 16.2
USDJPY Japan 124.21 -0.920 -0.7 3.7
USDCNY China 6.39 0.06 1.0 3.0
USDHKD Hongkong 7.757 -0.005 -0.1 -0.6
USDSGD Singapore 1.399 -0.002 -0.2 7.6
Rupiah Indonesia 13,800 193.0 1.4 11.4
JCI 4,479.5 (143.1) -3.1%
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 9
Historical Technical Trading Ideas (1)
Ticker Last Technical Call 27-Jul-15 Chg (%) Recommendation
JCI 4,857 Weakening
4,771 -1.76% Correct
MNCN 1,945 Buy
2,050 5.40% Correct
BMTR 1,155 Buy
1,160 0.43% Correct
GGRM 51,000 Buy
50,000 -1.96% Incorrect
JSMR 5,900 Buy
5,650 -4.24% Incorrect
ICBP 12,425 Sell
12,200 -1.81% Correct
BBCA 13,725 Sell
13,450 -2.00% Correct
Ticker Last Technical Call 24-Jul-15 Chg (%) Recommendation
JCI 4,903 Profit taking
4,857 -0.94% Correct
PTPP 4,175 Buy
4,060 -2.75% Incorrect
GGRM 53,650 Buy
51,000 -4.94% Incorrect
ASRI 535 Buy
515 -3.74% Incorrect
ADRO 595 Buy
560 -5.88% Incorrect
ICBP 12,475 Sell
12,425 -0.40% Correct
MPPA 2,990 Sell
2,955 -1.17% Correct
Ticker Last Technical Call 23-Jul-15 Chg (%) Recommendation
JCI 4,907 Strenghtening
4,903 -0.08% Incorrect
GGRM 52,000 Buy
53,650 3.17% Correct
UNTR 18,375 Buy
18,650 1.50% Correct
TLKM 2,865 Buy
2,845 -0.70% Incorrect
PWON 440 Buy
436 -0.91% Incorrect
ASRI 530 Buy
535 0.94% Correct
ADHI 2,760 Buy
2,665 -3.44% Incorrect
Ticker Last Technical Call 22-Jul-15 Chg (%) Recommendation
JCI 4,870 Reebound
4,907 0.76% Correct
GGRM 49,550 Buy
52,000 4.94% Correct
TLKM 2,825 Buy
2,865 1.42% Correct
INCO 2,525 Buy
2,380 -5.74% Incorrect
AALI 24,975 Buy
24,350 -2.50% Incorrect
ADHI 2,730 Buy
2,760 1.10% Correct
PTPP 4,010 Sell
4,040 0.75% Incorrect
Ticker Last Technical Call 15-Jul-15 Chg (%) Recommendation
JCI 4,902 Strenghtening
4,870 -0.65% Incorrect
PGAS 4,240 Buy
4,215 -0.59% Incorrect
GGRM 49,000 Buy
49,550 1.12% Incorrect
BBNI 5,300 Buy
5,075 -4.25% Incorrect
BBRI 10,500 Buy
10,125 -3.57% Incorrect
KLBF 1,695 Buy
1,695 0.00% Correct
ADHI 2,635 Sell
2,730 3.61% Incorrect
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 10
Historical Technical Trading Ideas (2)
Ticker Last Technical Call 14-Jul-15 Chg (%) Recommendation
JCI 4,894 Strenghtening
4,902 0.16% Correct
PGAS 4,085 Buy
4,240 3.79% Correct
BBCA 13,500 Buy
13,600 0.74% Correct
UNTR 19,200 Buy
19,300 0.52% Correct
ADHI 2,500 Buy
2,635 5.40% Correct
GGRM 47,600 Buy
49,000 2.94% Correct
INCO 2,490 Sell
2,530 1.61% Incorrect
Ticker Last Technical Call 13-Jul-15 Chg (%) Recommendation
JCI 4,859 Reebound
4,894 0.72% Correct
BWPT 407 Buy
398 -2.21% Incorrect
ADRO 635 Buy
620 -2.36% Incorrect
BBCA 13,300 Buy
13,500 1.50% Correct
BSDE 1,785 Buy
1,865 4.48% Correct
MPPA 3,050 Buy
3,085 1.15% Correct
SRIL 411 Sell
398 -3.16% Correct
Ticker Last Technical Call 10-Jul-15 Chg (%) Recommendation
JCI 4,838 Reebound
4,859 0.43% Correct
BBRI 10,300 Buy
10,475 1.70% Correct
BWPT 411 Buy
407 -0.97% Incorrect
MPPA 2,860 Buy
3,050 6.64% Correct
LSIP 1,565 Buy
1,590 1.60% Correct
WIKA 2,985 Buy
3,095 3.69% Correct
ADHI 2,285 Buy
2,380 4.16% Correct
Ticker Last Technical Call 9-Jul-15 Chg (%) Recommendation
JCI 4,872 Weakening
4,838 -0.68% Correct
BSDE 1,720 Buy
1,720 0.00% Correct
TELE 950 Buy
950 0.00% Correct
TAXI 1,030 Buy
1,005 -2.43% Incorrect
KLBF 1,655 Buy
1,635 -1.21% Incorrect
BMRI 9,950 Sell
9,900 -0.50% Correct
JSMR 5,875 Sell
5,700 -2.98% Correct
Ticker Last Technical Call 8-Jul-15 Chg (%) Recommendation
JCI 4,906 Rebound
4,872 -0.70% Incorrect
BBRI 10,475 Buy
10,225 -2.39% Incorrect
BBNI 5,550 Buy
5,400 -2.70% Incorrect
SMRA 1,775 Buy
1,740 -1.97% Incorrect
WSKT 1,720 Buy
1,775 3.20% Correct
PTPP 3,880 Buy
3,955 1.93% Correct
ASRI 565 Buy
560 -0.88% Incorrect
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 11
Historical Technical Trading Ideas (3)
JCI 4,917 Weakening
4,906 -0.22% Correct
AALI 25,825 Buy
25,950 0.48% Correct
LSIP 1,655 Buy
1,620 -2.11% Incorrect
TLKM 2,930 Buy
2,870 -2.05% Incorrect
ASRI 550 Buy
565 2.73% Correct
GJTL 860 Buy
855 -0.58% Incorrect
ASII 7,000 Buy
6,900 -1.43% Incorrect
Ticker Last Technical Call 6-Jul-15 Chg (%) Recommendation
JCI 4,983 Weakening
4,917 -1.33% Correct
AALI 25,500 Buy
25,825 1.27% Correct
LSIP 1,660 Buy
1,655 -0.30% Incorrect
TLKM 2,930 Buy
2,930 0.00% Incorrect
ASRI 575 Buy
550 -4.35% Incorrect
GJTL 850 Buy
860 1.18% Correct
ASII 7,050 Buy
7,000 -0.71% Incorrect
Ticker Last Technical Call 3-Jul-15 Chg (%) Recommendation
JCI 4,945 Strenghtening
4,983 0.77% Correct
LSIP 1,585 Buy
1,660 4.73% Incorrect
AALI 25,000 Buy
25,500 2.00% Correct
BBNI 5,575 Buy
5,625 0.90% Incorrect
BBRI 10,875 Buy
10,825 -0.46% Incorrect
PTPP 3,690 Buy
3,725 0.95% Incorrect
ANTM 675 Sell
675 0.00% Correct
Ticker Last Technical Call 2-Jun-15 Chg (%) Recommendation
JCI 5,214 Strenghtening
5,214 0.00% Correct
LSIP 1,710 Buy
1,710 0.00% Correct
TLKM 2,845 Buy
2,845 0.00% Correct
KLBF 1,790 Buy
1,790 0.00% Incorrect
UNVR 43,200 Buy
43,200 0.00% Incorrect
GGRM 47,000 Sell
47,000 0.00% Incorrect
GIAA 485 Sell
485 0.00% Correct
Ticker Last Technical Call 1-Jul-15 Chg (%) Recommendation
JCI 4,911 Strenghtening
4,904 -0.13% Correct
ASII 7,075 Buy
7,025 -0.71% Correct
TLKM 2,930 Buy
2,920 -0.34% Correct
GGRM 45,100 Buy
45,025 -0.17% Correct
BBNI 5,300 Buy
5,300 0.00% Correct
BBRI 10,350 Buy
10,550 1.93% Incorrect
PGAS 4,315 Sell
4,280 -0.81% Incorrect
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 12
Historical Technical Trading Ideas (4)
Ticker Last Technical Call 30-Jun-15 Chg (%) Recommendation
JCI 4,883 Reebond
4,911 0.58% Correct
ASII 6,875 Buy
7,075 2.91% Correct
AALI 22,650 Buy
22,950 1.32% Correct
BMRI 10,025 Buy
10,050 0.25% Correct
BBNI 5,250 Buy
5,300 0.95% Correct
ADHI 2,015 Spec Buy
2,020 0.25% Correct
PTPP 3,525 Spec Buy
3,470 -1.56% Incorrect
Ticker Last Technical Call 29-Jun-15 Chg (%) Recommendation
JCI 4,883 Weakining
4,883 0.58% Incorrect
GGRM 43,800 Buy
43,800 2.91% Correct
UNTR 20,200 Buy
20,200 1.32% Correct
TLKM 2,905 Buy
2,905 0.25% Correct
ASRI 580 Buy
580 0.95% Correct
SSMS 1,850 Buy
1,850 0.25% Correct
AALI 22,650 Buy
22,650 -1.56% Incorrect
Ticker Last Technical Call 25-Jun-15 Chg (%) Recommendation
JCI 4,954 Strenghtening
4,920 -0.68% Incorrect
JSMR 5,650 Sell
5,550 -1.77% Correct
ERAA 600 Sell
595 -0.83% Correct
BWPT 418 Sell
418 0.00% Correct
BKSL 100 Buy
99 -1.00% Incorrect
BBNI 5,500 Buy
5,350 -2.73% Incorrect
BBRI 10,300 Sell
10,200 -0.97% Correct
Ticker Last Technical Call 24-Jun-15 Chg (%) Recommendation
JCI 4,938 Correction
4,954 0.32% Correct
JSMR 5,650 Buy
5,650 0.00% Correct
ERAA 600 Buy
600 0.00% Correct
UNTR 20,325 Buy
20,225 -0.49% Incorrect
BWPT 419 Buy
418 -0.24% Incorrect
BKSL 96 Buy
100 4.17% Correct
GGRM 45,950 Sell
45,300 -1.41% Correct
Ticker Last Technical Call 23-Jun-15 Chg (%) Recommendation
JCI 4,959 Strenghtening
4,938 -0.44% Correct
ICBP 12,975 Buy
12,900 -0.58% Correct
BWPT 378 Buy
419 10.85% Correct
RALS 710 Buy
705 -0.70% Correct
AISA 1,805 Buy
1,815 0.55% Correct
MPPA 3,260 Buy
3,285 0.77% Correct
BBNI 5,600 Sell
5,575 -0.45% Correct
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PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 13
Research Team
Sebastian Tobing, CFA
Head of Research & Institutional Business
Gina Novrina Nasution, CSA
Technical Analyst
Paula Ruth
Equity Analyst
Angga Aditya Assaf
Equity Analyst
Willinoy Sitorus
Equity Analyst
M. Dian Octiana
Equity Analyst
Wisnu Budhiargo
Equity Analyst
Tim Alamsyah
Equity Analyst
Dini Agmivia Anggraeni
Fixed Income/Macro Analyst
Yeni Simanjuntak
On-the-ground Analyst
Rovandi
Research Associate
Institutional Sales Team
Daniel Dwi Seputro
Head of Institutional Equity Sales
Dewi Yusnita
Equity Institutional Sales
Meitawati
Equity Institutional Sales
Fachruly Fiater
Equity Institutional Sales
Henry Sidarta
Equity Institutional Sales
Raditya Andyono
Equity Institutional Sales
Nancy Pardede
Equity Institutional Sales
Retail Sales Team
JAKARTA AREA
Nathanael Benny Prasetyo
Head of Retail ECM
Ariawan Anwar
Artha Graha, Jakarta
Windra Djulnaily
Pluit, Jakarta
Ferry Zabur
Kelapa Gading, Jakarta
Eddy Sumarli
Puri Kencana, Jakarta
Very Wijaya
BSD, Tangerang
SUMATERA
Juliana Effendy
Medan, Sumatera Utara
Tantie Rivi Watie
Pekanbaru, Riau
Nathanael Benny Prasetyo
Palembang, Sumatera Selatan
EAST INDONESIA
Sonny Muljadi
Surabaya, Jawa Timur
Ni Made Dwi Hapsari Wijayanti
Denpasar, Bali
Ivan Jaka Perdana
Malang, Jawa Timur
Arifin Pribadi
Makasar, Sulawesi Selatan
CENTRAL JAVA, AREA
Agus Bambang Suseno
Solo, Jawa Tengah
Mariana Kusuma Wati
Semarang, Jawa Tengah
WEST JAVA
Asep Saepudin
Bandung, Jawa Barat
Ariffianto
Cirebon, Jawa Barat
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PT Trimegah Securities Tbk
Gedung Artha Graha 18th Floor
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia
t. +62-21 2924 9088
f. +62-21 2924 9150
www.trimegah.com
DISCLAIMER
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