friday, february 28, 2020 - sinarmas sekuritas 2020/feb/20200228...kunjungan lainnya, serta...

1

Today’s Market:

IHSG diperkirakan bergerak mixed dengan kecenderungan

melemah. Bursa AS ditutup melemah pada perdagangan

Rabu (26/02). Harga batubara turun ke level USD 67,90

per Mt. Crude oil turun ke level USD 46,37 per barrel. Ru-

piah melemah terhadap Dollar AS di level Rp 14.088. 10Yr

Government Bonds Yield naik ke level 6,77%.

Dari dalam negeri, Otoritas Jasa Keuangan (OJK) mengu-

mumkan capaian pertumbuhan kredit per Januari 2020

hanya 6,10% secara tahunan (year-on-year/yoy), se-

dangkan DPK tumbuh sedikit lebih tinggi, yakni 6,80%

yoy. Sementara itu, rasio kredit bermasalah atau non-

performing loan (NPL) gross di level 2,77%, meningkat

dibandingkan 2,53% per Desember 2019.

Sehubungan dengan emiten, Astra International (ASII)

mencatatkan pendapatan IDR237.1tn (-0.9% YoY) dan

laba bersih IDR21.7tn (+0.5% YoY).

Sehubungan dengan emiten, Matahari Department Store

(LPPF) mencatat penjualan kotor Rp 18 triliun sepanjang

2019 atau naik 0,9% dari realisasi 2018 yang sebesar Rp

17,9 triliun.

Sehubungan dengan emiten, United Tractor (UNTR) men-

catat penjualan IDR84.4tn (-0.2% YoY) sepanjang 2019

dan laba bersih IDR11.3tn (+1.8% YoY).

Secara teknikal indeks hari Jumat (28/02), IHSG diprediksi

bergerak di kisaran 5486-5623.

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

Friday, February 28, 2020

ID X Stat ist ics C lo sing

JCI 5,535.69

Transaction Value Regular M arket (IDR tn) 5.962

Transaction Volume Regular M arket (mn shares) 4,131

Foreign Net Buy (Sell) (IDR bn) (1,046)

Foreign Net Buy (Sell) (0.34)

Total M arket Capitalization (IDR tn) 6,427.64

LQ45 892.76 (3.24) (12.00)

EIDO 21.58 (5.48) (15.90)

IDX 18.92 (5.31) (16.36)

DOW JONES 25,766.64 (4.42) (9.71)

S&P 500 2,978.76 (4.42) (7.80)

NASDAQ 8,566.48 (4.61) (4.53)

FTSE 6,796.40 (3.49) (9.89)

NIKKEI 21,948.23 (2.13) (7.22)

HANG SENG 26,778.62 0.31 (5.01)

STRAITS TIM ES 3,111.70 (0.19) (3.45)

KLSE 1,505.59 0.70 (5.23)

USD/IDR 14,088.00 0.90 1.58

EUR/IDR 15,421.68 1.54 (0.41)

JPY/IDR 128.72 1.93 0.85

SGD/IDR 10,122.40 1.48 (2.07)

AUD/IDR 9,226.14 1.03 (5.01)

GBP/IDR 18,081.35 0.45 (0.31)

Crude Oil (USD/barrel) 46.37 8:09:12 AM (24.03)

Coal (USD/mn tons) 67.90 2/27/2020 0.30

Natural Gas (USD/mmBtu) 1.74 8:08:59 AM (20.42)

Gold (USD/ounce) 1,645.48 8:19:15 AM 8.46

Nickel (USD/mn tons) 12,330.00 8:19:15 AM (12.12)

Tins (USD/mn tons) 16,400.00 8:19:15 AM (4.48)

CPO (M YR/mn tons) 2,497.00 2/27/2020 (17.89)

Rubber (JPY/kg) 171.90 7:26:21 AM (3.05)

Wheat (USD/bushel) 529.25 2/27/2020 (5.28)

Corn (USD/bushel) 364.00 8:05:56 AM (6.13)

P riceLast

T ransactio n

YT D

C hg (%)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 (%)

IHSG turun sebanyak 153.2 poin (2.69%) ke level 5535.69.

Sementara LQ45 turun sebanyak 29.9 poin (3.24%) ke level

892.76. Foreign net sell sebesar Rp 1046.06 miliar.

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20

Millio

ns

Volume JCI Index

2

Daily Corporate and Industry News

Fitch Solutions Group memprediksi pelebaran defisit APBN tahun ini bakal mencapai 2.5% terhadap produk domestik bruto (PDB) dari sebelumnya sebesar 1.8% terhadap PDB. Source: Kontan Menteri Haji dan Umrah telah menangguhkan kedatangan warga non Saudi ke Arab Saudi untuk tujuan umrah dan kunjungan lainnya, serta penghentian penerbitan visa untuk sementara. Keputusan tersebut berdampak langsung pada industri biro perjalanan atau travel umrah dan haji Tanah Air yang diproyeksi bakal merugi sekitar Rp2 triliun per bulan. Source: Bisnis Indonesia Otoritas Jasa Keuangan (OJK) mengumumkan capaian pertumbuhan kredit per Januari 2020 hanya 6,10% secara tahunan (year-on-year/yoy), sedangkan DPK tumbuh sedikit lebih tinggi, yakni 6,80% yoy. Sementara itu, rasio kredit bermasalah atau non-performing loan (NPL) gross di level 2,77%, meningkat dibandingkan 2,53% per Desem-ber 2019. Kendati begitu, NPL netto turun dari 1,16% pada Desember 2019 menjadi 1,04% pada Januari lalu. Source: Bisnis Indonesia Telkom Indonesia (TLKM) mengalokasikan anggaran sekitar US$300 juta hingga US$500 juta untuk mendanai perus-ahaan rintisan. Source: Bisnis Indonesia Astra International (ASII) mencatatkan pendapatan IDR237.1tn (-0.9% YoY) dan laba bersih IDR21.7tn (+0.5% YoY). Source: Bisnis Indonesia Indocement Tunggal Prakarsa (INTP) menyambut baik penundaan penerapan zero over dimension dan overloading (ODOL). Zero ODOL yang semula akan diterapkan pada 2021 ditunda hingga 2023. Source: Kontan Matahari Department Store (LPPF) bakal menambah enam gerai baru pada 2020. LPPF juga akan memperkuat bisnis di lini daring melalui situs dagang elektronik matahari.com dan penggunaan omni channel. Source: Bisnis Indonesia Ciputra Development (CTRA) mengalokasikan capex Rp 1,5 triliun pada 2020. Jumlah ini naik dari realisasi capex tahun lalu sebesar Rp 1,3 triliun. Source: Kontan Matahari Department Store (LPPF) mencatat penjualan kotor Rp 18 triliun sepanjang 2019 atau naik 0,9% dari real-isasi 2018 yang sebesar Rp 17,9 triliun. Source: Investor Daily Salim Invomas Pratama (SIMP) mencatat penjualan IDR13.7tn (-2.8% YoY) sepanjang 2019 dan rugi bersih IDR642bn (vs rugi IDR178bn). Source: Investor Daily United Tractor (UNTR) mencatat penjualan IDR84.4tn (-0.2% YoY) sepanjang 2019 dan laba bersih IDR11.3tn (+1.8% YoY). Source: Bisnis Indonesia


3

World Equity Indices

Source: Bloomberg, Sinarmas Investment Research


WOR LD EQUIT Y IN D IC ES

N O T IC KER

1 INDU Index 29,568.57 24,680.57 (2,771.80) (9.71) 18.25 16.33 3.84 3.68 7,852.54 7,852.54

2 SPX Index 3,393.52 2,722.27 (252.02) (7.80) 19.63 17.17 3.28 3.07 26,816.08 26,816.08

3 CCM P Index 9,838.37 7,292.21 (406.13) (4.53) 32.85 23.30 4.49 4.30 13,907.98 13,907.98

4 SPTSX Index 17,970.51 15,891.94 (345.92) (2.03) 16.80 15.19 1.80 1.64 2,602.32 1,953.55

5 M EXBOL Index 45,955.41 38,265.51 (1,933.60) (4.44) 15.29 13.62 1.99 1.78 5,303.04 273.83

6 SX5E Index 3,867.28 3,239.20 (289.23) (7.72) 18.22 13.45 1.62 1.53 3,028.42 3,325.21

7 UKX Index 7,727.49 6,729.99 (746.04) (9.89) 19.79 12.39 1.66 1.55 1,815.22 2,338.72

8 CAC Index 6,111.41 5,152.30 (482.46) (8.07) 19.85 13.78 1.58 1.50 1,686.68 1,851.98

9 DAX Index 13,795.24 11,266.48 (881.55) (6.65) 21.24 13.44 1.52 1.44 1,145.26 1,257.50

10 IBEX Index 10,100.20 8,409.20 (563.30) (5.90) 19.25 11.85 1.29 1.20 564.09 619.37

11 FTSEM IB Index 25,483.05 19,535.50 (707.00) (3.01) 15.20 11.33 1.14 1.09 510.19 560.19

12 AEX Index 632.12 528.68 (44.60) (7.38) 18.95 15.53 1.82 1.79 750.13 823.64

13 SM I Index 11,270.00 9,228.86 (411.48) (3.88) 21.53 16.18 2.59 2.44 1,223.63 1,259.40

14 AS51 Index 7,197.20 6,096.80 (215.28) (3.22) 19.55 17.32 2.07 1.99 2,002.98 1,318.36

15 AS30 Index 7,289.70 6,181.10 (264.80) (3.89) 19.51 17.19 2.02 1.98 2,175.42 1,431.86

16 SHSZ300 Index 4,223.51 3,556.26 (11.71) (0.29) 14.56 11.95 1.86 1.61 32,633.00 4,658.86

17 SHASHR Index 3,444.44 2,814.01 (61.27) (1.92) 14.41 10.97 1.46 1.26 34,514.31 4,927.45

18 SZASHR Index 2,035.92 1,524.76 180.59 10.02 39.49 18.68 2.78 2.73 26,198.37 3,740.22

19 HSI Index 30,280.12 24,899.93 (1,411.13) (5.01) 11.06 10.36 1.18 1.08 17,628.28 2,262.10

20 HSCEI Index 11,881.68 9,731.89 (574.95) (5.15) 8.54 8.13 1.12 1.01 12,957.89 1,662.78

21 SENSEX Index 42,273.87 35,829.15 (1,508.08) (3.66) 24.32 21.43 3.10 3.01 74,008.47 1,035.16

22 NIFTY Index 12,430.50 10,637.15 (535.15) (4.40) 22.75 20.57 2.83 2.73 86,664.68 1,212.19

23 JCI Index 6,636.33 5,526.82 (763.85) (12.13) 16.92 13.07 1.58 1.81 6,427,644.18 455.28

24 LQ45 Index 1,059.65 888.02 (121.72) (12.00) 14.68 13.11 2.13 1.96 4,123,251.97 292.06

25 KSE100 Index 43,468.22 28,670.98 (2,647.76) (6.50) 8.89 6.29 1.17 1.02 6,065.79 39.31

26 NKY Index 24,115.95 20,110.76 (2,327.19) (9.84) 18.81 16.81 1.59 1.55 359,711.57 3,264.76

27 NEY Index 356.77 298.20 (34.12) (9.75) 13.15 12.80 1.03 1.01 423,035.69 3,839.50

28 TPX Index 1,747.20 1,462.41 (191.72) (11.14) 14.27 13.41 1.08 1.08 596,747.81 5,416.12

29 FBM KLCI Index 1,717.88 1,481.31 (105.40) (6.63) 16.63 15.05 1.48 1.39 970.40 230.47

30 NZSE Index 2,019.39 1,605.93 (60.85) (3.16) 26.91 26.15 2.23 2.26 155.72 98.37

31 PCOM P Index 8,419.59 6,879.09 (847.42) (10.84) 15.23 13.82 1.77 1.57 8,667.98 170.66

32 FSSTI Index 3,415.18 3,040.16 (168.92) (5.24) 11.19 12.56 1.03 1.02 547.00 392.26

33 KOSPI Index 2,277.23 1,891.81 (182.91) (8.32) 17.90 11.15 0.79 0.82 1,329,577.32 1,101.20

34 TWSE Index 12,197.64 10,180.04 (704.97) (5.88) 17.90 15.21 1.68 1.75 34,114.29 1,126.37

35 SET Index 1,748.15 1,355.63 (184.76) (11.69) 16.20 14.62 1.48 1.48 14,976.20 474.08

36 SET50 Index 1,164.72 909.98 (129.73) (12.14) 15.97 15.01 1.72 1.58 10,517.95 332.95

37 VNINDEX Index 1,028.97 889.14 (62.55) (6.51) 13.98 12.79 2.07 2.09 3,075,871.00 132.38

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

12M2020E

T railing

12M2020E

D o main

C urrencyUSD

4

LQ45



LQ45 Index

HIGH LOW POINT %Trailing

12M2020E

Trailing

12M2020E

1 ADRO IJ 1,165 1,715 1,010 (390) (25.08) 5.13 10.25 0.68 0.68 37,263,646

2 AKRA IJ 2,750 5,675 2,680 (1,200) (30.38) 15.28 12.81 1.35 1.30 11,040,411

3 ANTM IJ 600 1,175 595 (240) (28.57) 17.92 15.46 0.72 0.71 14,418,459

4 ASII IJ 5,950 8,025 5,925 (975) (14.08) 11.09 9.70 1.69 #N/A N/A 240,877,141

5 BBCA IJ 31,450 35,300 25,700 (1,975) (5.91) 27.14 23.89 4.46 #N/A N/A 775,400,065

6 BBNI IJ 7,075 10,250 6,650 (775) (9.87) 8.57 7.86 1.08 #N/A N/A 131,939,244

7 BBRI IJ 4,130 4,760 3,660 (270) (6.14) 14.70 12.45 2.45 #N/A N/A 509,418,195

8 BBTN IJ 1,750 2,750 1,675 (370) (17.45) 89.86 10.24 0.78 #N/A N/A 18,532,500

9 BMRI IJ 7,350 8,175 6,275 (325) (4.23) 12.48 11.01 1.68 #N/A N/A 343,000,000

10 BRPT IJ 980 1,525 564 (530) (35.10) 477.76 34.50 5.15 0.84 87,236,237

11 BSDE IJ 1,030 1,580 1,020 (225) (17.93) 6.51 11.45 0.68 0.70 19,824,097

12 BTPS IJ 4,040 5,125 2,050 (210) (4.94) 31.08 23.72 7.79 5.94 31,122,948

13 CPIN IJ 5,900 8,000 4,190 (600) (9.23) 26.58 28.23 4.83 4.54 96,748,200

14 CTRA IJ 925 1,335 855 (115) (11.06) 16.96 15.60 1.17 1.13 17,168,281

15 ERAA IJ 1,640 2,260 965 (155) (8.64) 14.71 17.63 1.11 1.03 5,231,600

16 EXCL IJ 2,460 3,730 2,310 (690) (21.90) 37.09 #N/A N/A 1.37 #N/A N/A 26,292,383

17 GGRM IJ 53,175 100,975 49,175 175 0.33 11.03 11.65 2.16 #N/A N/A 102,313,379

18 HMSP IJ 1,730 4,030 1,720 (370) (17.62) 14.35 15.33 6.30 #N/A N/A 201,230,273

19 ICBP IJ 10,550 12,550 8,950 (600) (5.38) 24.70 21.69 5.14 #N/A N/A 123,033,129

20 INCO IJ 2,620 4,320 2,410 (1,020) (28.02) 31.76 20.50 0.94 0.92 26,033,207

21 INDF IJ 6,900 8,300 5,850 (1,025) (12.93) 12.42 11.55 1.67 #N/A N/A 60,584,943

22 ACES IJ 1,500 1,920 1,395 5 0.33 25.79 23.16 5.75 #N/A N/A 25,725,000

23 INKP IJ 5,975 11,700 5,325 (1,725) (22.40) 7.42 - 0.58 - 32,689,123

24 INTP IJ 15,250 22,875 15,075 (3,775) (19.84) 32.94 30.95 2.51 #N/A N/A 56,138,783

25 ITMG IJ 11,025 24,475 9,800 (450) (3.92) 6.59 #N/A N/A 0.96 0.98 12,457,423

26 JPFA IJ 1,425 2,430 1,280 (110) (7.17) 10.81 10.75 1.66 1.55 16,710,370

27 JSMR IJ 4,800 6,450 4,500 (375) (7.25) 18.02 19.47 1.92 #N/A N/A 34,837,782

28 KLBF IJ 1,250 1,690 1,210 (370) (22.84) 22.82 21.02 3.82 #N/A N/A 58,593,903

29 LPPF IJ 3,080 5,950 2,940 (1,130) (26.84) 6.44 6.03 4.82 #N/A N/A 8,639,041

30 TBIG IJ 1,160 1,365 608 (70) (5.69) 36.69 #N/A N/A 7.07 #N/A N/A 26,282,119

31 MNCN IJ 1,290 1,780 725 (340) (20.86) 7.24 #N/A N/A 1.45 #N/A N/A 18,416,174

32 PGAS IJ 1,385 2,590 1,385 (785) (36.18) 10.95 #N/A N/A 0.91 0.89 33,574,489

33 PTBA IJ 2,290 4,260 2,110 (370) (13.91) 5.82 6.67 1.48 1.42 26,382,310

34 PTPP IJ 1,195 2,550 1,150 (390) (24.61) 6.33 #N/A N/A 0.57 #N/A N/A 7,408,877

35 PWON IJ 540 815 510 (30) (5.26) 8.93 11.50 1.80 1.80 26,006,185

36 SCMA IJ 1,150 1,870 1,080 (260) (18.44) 13.77 12.97 3.25 3.32 16,990,873

37 SMGR IJ 10,875 14,450 10,075 (1,125) (9.38) 28.22 22.11 2.07 #N/A N/A 64,505,280

38 SRIL IJ 192 372 190 (68) (26.15) 3.16 2.70 0.47 - 3,926,818

39 TKIM IJ 6,400 13,475 5,575 (3,875) (37.71) 9.33 - 1.02 - 19,924,631

40 TLKM IJ 3,470 4,500 3,420 (500) (12.59) 16.97 15.80 3.45 #N/A N/A 343,745,892

41 TOWR IJ 835 900 600 30 3.73 20.46 16.31 4.98 #N/A N/A 42,597,212

42 UNTR IJ 17,575 28,900 17,225 (3,950) (18.35) 5.80 7.13 1.17 #N/A N/A 65,557,125

43 UNTR IJ 17,575 28,900 17,225 (3,950) (18.35) 5.80 7.13 1.17 #N/A N/A 65,557,125

44 WIKA IJ 1,905 2,500 1,710 (85) (4.27) 7.68 #N/A N/A 1.08 #N/A N/A 17,087,757

45 WSKT IJ 1,000 2,230 980 (485) (32.66) 9.79 #N/A N/A 0.75 #N/A N/A 13,573,951

MARKET CAP

(Mn)LQ45 Index

CHANGE YTD PER (x) PBV (x)

27-Feb-20

52-WEEK

5

Macro data


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

Property (1.32) (4.99) (7.37) (14.04)

Basic Industry (2.66) (12.75) (15.63) (21.24)

Trade (0.79) (3.88) (7.62) (12.07)

Finance (3.94) (7.07) (7.66) (7.45)

M iscellaneous Industry (1.59) (4.64) (11.39) (14.13)

Consumer (2.36) (7.10) (11.61) (12.31)

Infrastructure (2.05) (5.08) (9.57) (15.10)

Agriculture (1.89) (6.62) (10.03) (20.79)

M ining (2.43) (5.92) (5.31) (11.62)

Jan-20 D ec-19

0.38 3.61

2.68 2.72

0.39 0.34

131.70 129.18

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

USD/IDR 14,088.00 - (3.15) (1.58)

USD/CNY 7.00 0.26 (1.33) (0.59)

USD/EUR 0.91 0.06 0.24 1.97

USD/JPY 109.38 0.19 (0.21) (0.70)

USD/SGD 1.40 0.00 (2.68) (3.53)

USD/AUD 1.52 0.01 2.95 6.82

USD/GBP 0.78 (0.06) 1.04 2.82

( in %)

5.41

0.81

1.46

5.93

6.77

7.32

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 %)

Indonesia 5-Year Government Bonds Yield



Lending and D epo sit R ates

JIBOR (in IDR)

LIBOR (in GBP)

SIBOR ( in USD)


Technical Corner


JCI : MIXED MELEMAH

Last price : 5.535

Support : 5.486, 5.431

Resistance : 5.623, 5.669

JCI pada hari ini kami perkirakan akan bergerak MIXED MELEMAH dengan range 5.486 - 5.623. JCI

breakdown Support 5.557, berpeluang melanjutkan pelemahan dengan menguji Support 5.486 dan 5.423.

Namun, jika JCI bertahan diatas Resistance 5.623 ,berpeluang mencoba Resistance 5.669 dan 5.715. Indikator

Stoc osc dan MACD masih membentuk pola Oversold.

Jakarta Composite Index (JCI)

Summary of portfolio:

Stock Recommendation Comment

UNVR BUY ON WEAKNESS UNVR bertahan diatas Support 7.075, berpeluang mencoba Resistance 7.300dan 7.375. Namun, jika UNVR gagal bertahan diatas Support 7.075, akan

menguji Support 6.900 dan 6.725.

TLKM BUY ON WEAKNESS TLKM break Support 3.480,berpeluang menguji Support 3.430 dan 3.370.Namun, jika TLKM bertahan diatas 3.480, akan mencoba Resistance 3.550 dan

3.590.

BMRI REDUCE BMRI breakdown Support 7.600 yang merupakan level Stop loss, BMRI masihberpeluang menguji Support 7.275 dan 7.200.

LSIP BUY ON WEAKNESS LSIP bertahan diatas Support 1.000, berpeluang mencoba Resistance 1.020dan 1.045. Namun, jika LSIP gagal bertahan diatas 1.000, akan menguji

Support 980 dan 960.

UNVR : BUY ON WEAKNESS

Last price : 7.150Target price : 7.500 (6.0%)Entry point : 7.075Stop loss : 6.725 (-4.9%)

UNVR bertahan diatas Support 7.075, berpeluang mencoba Resistance 7.300 dan 7.375. Namun, jika UNVR gagalbertahan diatas Support 7.075, akan menguji Support 6.900 dan 6.725. Indikator MACD mengindikasikan polaDowntrend dan Stoc osc mengindikasikan pola Reversal.

TLKM : BUY ON WEAKNESS

Last price : 3.470Target price : 3.630Entry point : 3.430Stop loss : 3.370 (-2.2%)

TLKM break Support 3.480,berpeluang menguji Support 3.430 dan 3.370. Namun, jika TLKM bertahan diatas 3.480,akan mencoba Resistance 3.550 dan 3.590. TLKM dilihat dari Indikator MACD dan Stoc osc mengindikasikan polaOversold.

Support : 7.075, 6.900Resistance : 7.300, 7.375


Telekomunikasi Indonesia (Persero) Tbk (TLKM)

Unilever Indonesia Tbk ( UNVR )


Bank Mandiri (Persero) Tbk (BMRI)

PP London Sumatra Indonesia Tbk (LSIP)


BMRI : REDUCE

Last price : 7.350Stop loss : 7.600 (-2.6%)

BMRI breakdown Support 7.600 yang merupakan level Stop loss, BMRI masih berpeluang menguji Support 7.275dan 7.200. BMRI dilihat dari Indikator MACD dan indikator Stoc osc mengindikasikan pola Downtrend.

LSIP : BUY ON WEAKNESS

Last price : 1.005Target price : 1.045 (6.6%)Entry point : 980Stop loss : 940 (-4.1%)

LSIP bertahan diatas Support 1.000, berpeluang mencoba Resistance 1.020 dan 1.045. Namun, jika LSIP gagalbertahan diatas 1.000, akan menguji Support 980 dan 960. Indikator MACD mengindikasikan pola Oversold dan Stocosc mengindikasikan pola Oversold Reversal.


Support : 980, 965Resistance : 1.020, 1.045

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

Banking, Automotive

Tel: +62 21 3925550 Ext: 615

[email protected]

DEPUTY HEAD OF RESEARCH

Wilbert

Consumer Goods, Plantation, Pulp and Paper

Tel: +62 21 3925550 Ext: 611

[email protected]

EQUITY ANALYST

Richard Suherman

Commodities

Tel: +62 21 3925550 Ext: 610

[email protected]

EQUITY ANALYST

Richardson Raymond

Property, Industrial Estate

Tel: +62 21 3925550 Ext: 159

[email protected]

EQUITY ANALYST

Paulina

Retail, Cement, Digital

Tel: +62 21 3925550 Ext: 610

[email protected]

EQUITY ANALYST

Anthony Angkawijaya

Construction, Infrastructure, Petrochemical

Tel: +62 21 3925550 Ext: 611

[email protected]

TECHNICAL ANALYST

Eddy Wijaya

Tel: +62 21 3925550 Ext: 159

[email protected]

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

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. For further information please contact our number +62 21 392 5550 or fax +62 21 392 2320.

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