volume jci index - sinarmas sekuritas · 2020. 5. 28. · menguat pada perdagangan rabu (27/05)....

1

Today’s Market:

IHSG diperkirakan bergerak menguat. Bursa AS ditutup

menguat pada perdagangan Rabu (27/05). Harga batuba-

ra stabil di level USD 52.50 per Mt. Crude oil naik ke level

USD 34.07 per barrel. Rupiah menguat terhadap Dollar AS

di level Rp 14,710. 10Yr Government Bonds Yield turun ke

level 7.34%.

Dari global, European Union (EU) mengajukan anggaran

penanggulangan pandemic Covid-19 sebesar EUR 750 bn

(USD 825 bn).

Sehubungan dengan emiten, United Tractors (UNTR) men-

catatkan penjualan alat berat di bulan April sebanyak 100

unit (-61.7% YoY, -33.3% MoM). Overburden removal

April tercatat turun 6.1% YoY. Produksi emas tercatat

turun 37.9% YoY.

Sehubungan dengan emiten, Bank Central Asia (BBCA)

mencatatkan restrukturisasi kredit hingga pertengahan

Mei 2020 mencapai Rp 65 tn - 83 tn, atau 10-14% dari

keseluruhan portfolio kredit.

Sehubungan dengan emiten, Kimia Farma (KAEF)

mendapatkan perubahan rating dari Pefindo dengan out-

look negatif dari sebelumnya stabil.

Secara teknikal indeks hari Kamis (28/05), IHSG diprediksi

bergerak di kisaran 4545-4754.

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

Thursday, May 28, 2020

IHSG naik sebanyak 14.8 poin (0.32%) ke level 4641.56.

Sementara LQ45 naik sebanyak 4.5 poin (0.66%) ke level

693.86. Foreign net sell sebesar Rp 274.26 miliar.

ID X Stat ist ics C lo sing

JCI 4,641.56

Transaction Value Regular M arket (IDR tn) 6.552

Transaction Volume Regular M arket (mn shares) 6,090

Foreign Net Buy (Sell) (IDR bn) (274)

Foreign Net Buy (Sell) (0.76)

Total M arket Capitalization (IDR tn) 5,378.22

LQ45 693.86 0.66 (35.72)

EIDO 16.52 0.18 (41.89)

IDX 14.76 0.10 (40.57)

DOW JONES 25,548.27 2.21 3.35

S&P 500 3,036.13 1.48 13.56

NASDAQ 9,412.36 0.77 36.34

FTSE 6,144.25 1.26 (20.08)

NIKKEI 21,419.23 0.70 (5.91)

HANG SENG 23,301.36 (0.36) (22.12)

STRAITS TIM ES 2,519.48 (0.43) (25.96)

KLSE 1,451.73 1.04 (19.21)

USD/IDR 14,710.00 0.00 5.74

EUR/IDR 16,214.50 0.17 4.06

JPY/IDR 136.67 (0.40) 6.38

SGD/IDR 10,393.75 (0.18) 0.61

AUD/IDR 9,747.29 (0.54) 0.27

GBP/IDR 18,044.43 (0.77) (1.00)

Crude Oil (USD/barrel) 31.91 8:01:13 AM (47.76)

Coal (USD/mn tons) 52.50 5/27/2020 (22.45)

Natural Gas (USD/mmBtu) 1.86 8:01:12 AM (14.85)

Gold (USD/ounce) 1,713.34 8:11:15 AM 12.91

Nickel (USD/mn tons) 12,116.00 5/27/2020 (13.61)

Tins (USD/mn tons) 15,300.00 5/27/2020 (10.92)

CPO (M YR/mn tons) 2,345.00 5/27/2020 (22.89)

Rubber (JPY/kg) 138.50 7:46:04 AM (21.88)

Wheat (USD/bushel) 506.00 8:01:02 AM (9.49)

Corn (USD/bushel) 321.25 8:01:02 AM (17.15)

P riceLast

T ransact io 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 (%)

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

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

Millio

ns

Volume JCI Index

2

Daily Corporate and Industry News

Tingkat hunian kamar secara keseluruhan dan tingkat rata-rata tarif harian (average daily rate/ADR hotel) di Asia Pasifik, termasuk Indonesia turun masing-masing menjadi 42,1% dan US$ 97,86 sepanjang triwulan I-2020. Source: Investor Daily Pemerintah akan menerbitkan utang baru senilai Rp 990,1 triliun untuk menutupi defisit APBN 2020. Sebagai gam-baran, defisit anggaran tahun ini yang diprediksikan mencapai Rp 1.028,5 triliun atau setara 6,27% terhadap PDB. Source: Kontan Metropolitan Kentjana (MKPI) di tengah pandemi korona (Covid-19) menyatakan bahwa okupansi hanya sebesar 5%. Adapun pada saat yang sama, emiten mencatatkan pra penjualan atau marketing sales sekitar Rp 22 miliar. Source: Kontan Bank Central Asia (BBCA) memberikan pinjaman berupa fasilitas term loan revolving dengan pokok tidak melebihi Rp 2 triliun kepada Bank Woori Saudara Indonesia 1906 (SDRA). Source: Kontan M Cash Integrasi (MCAS) membukukan pendapatan sebesar Rp 11 triliun (+74.4% YoY) dan laba neto sebesar Rp 152.3 Miliar (-33% YoY). Source: Investor Daily Media Nusantara Citra (MNCN) optimistis mampu menambah jumlah saham yang beredar (free float) dari saat ini 30,35% menjadi lebih dari 40% pada 2020. Source: Investor Daily Bank Central Asia (BBCA), hingga pertengahan Mei 2020 memproses restrukturisasi kredit Rp65 triliun-Rp 82,6 tri-liun atau setara dengan 10%-14% dari keseluruhan portofolio kredit. Source: Bisnis Indonesia Mitra Adiperkasa (MAPI) dan Erajaya Sasembada (ERAA) menyatakan sudah bersiap untuk membuka kembali kegiatan operasional toko-tokonya di sejumlah pusat perbelanjaan, Pelonggaran tersebut berpotensi mendongkrak penjualan. Source: Bisnis Indonesia Kimia Farma (KAEF) mendapatkan perubahan rating dari Pefindo dengan outlook negatif dari sebelumnya stabil. Pe-findo memberikan rating idAA- untuk MTN Kimia Farma 2017-2018 dan MTN 2019, serta idAA-(sy) untuk MTN Syari-ah Mudharabah Kimia Farma 2019. 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 18,213.65 (2,990.17) (10.48) 18.94 23.34 3.67 3.67 7,807.94 7,807.94

2 SPX Index 3,393.52 2,191.86 (194.65) (6.02) 21.11 24.30 3.44 3.31 26,175.41 26,175.41

3 CCM P Index 9,838.37 6,631.42 439.75 4.90 37.23 34.55 4.86 4.95 14,616.49 14,616.49

4 SPTSX Index 17,970.51 11,172.73 (1,791.40) (10.50) 18.16 24.36 1.58 1.50 2,311.97 1,676.92

5 M EXBOL Index 45,955.41 32,503.25 (6,651.06) (15.28) 17.79 18.46 1.66 1.02 4,780.43 213.19

6 SX5E Index 3,867.28 2,302.84 (694.07) (18.53) 18.97 18.03 1.43 1.40 2,675.69 2,936.57

7 UKX Index 7,727.49 4,898.79 (1,398.19) (18.54) 21.55 18.03 1.45 1.44 1,658.91 2,030.34

8 CAC Index 6,111.41 3,632.06 (1,289.32) (21.57) 18.63 19.74 1.36 1.35 1,474.51 1,618.27

9 DAX Index 13,795.24 8,255.65 (1,591.32) (12.01) 22.00 19.17 1.39 1.36 1,064.62 1,168.42

10 IBEX Index 10,100.20 5,814.50 (2,374.70) (24.87) 26.18 21.81 1.04 1.03 454.79 499.14

11 FTSEM IB Index 25,483.05 14,153.09 (5,596.12) (23.81) 20.58 18.95 0.90 0.90 410.44 450.46

12 AEX Index 632.12 389.60 (75.62) (12.51) 20.72 22.49 1.62 1.59 722.11 792.52

13 SM I Index 11,270.00 7,650.23 (900.42) (8.48) 20.09 18.34 2.25 2.22 1,161.84 1,199.13

14 AS51 Index 7,197.20 4,402.50 (774.38) (11.59) 19.23 20.74 1.86 1.83 1,767.08 1,165.21

15 AS30 Index 7,289.70 4,429.10 (784.80) (11.54) 19.40 20.61 1.85 1.82 1,927.98 1,271.31

16 SHSZ300 Index 4,223.51 3,503.19 (250.97) (6.13) 14.40 12.18 1.67 1.54 30,810.91 4,298.94

17 SHASHR Index 3,276.75 2,773.54 (222.63) (6.97) 14.49 11.63 1.34 1.22 33,060.40 4,612.80

18 SZASHR Index 2,035.92 1,524.76 54.15 3.00 42.32 19.20 2.55 2.63 24,803.46 3,460.74

19 HSI Index 29,174.92 21,139.26 (4,888.39) (17.34) 9.69 10.95 0.97 0.94 15,762.57 2,032.88

20 HSCEI Index 11,502.47 8,290.34 (1,600.63) (14.33) 7.87 8.45 1.00 0.94 12,299.99 1,586.32

21 SENSEX Index 42,273.87 25,638.90 (9,648.52) (23.39) 19.96 17.23 2.40 2.18 61,442.73 809.53

22 NIFTY Index 12,430.50 7,511.10 (2,853.50) (23.45) 18.47 16.61 2.22 2.00 72,215.25 951.46

23 JCI Index 6,468.25 3,911.72 (1,657.98) (26.82) 13.90 13.66 1.33 1.57 5,378,215.14 362.88

24 LQ45 Index 1,036.62 566.05 (320.62) (31.60) 11.63 12.96 1.63 1.56 3,345,061.21 225.70

25 KSE100 Index 43,468.22 27,046.71 (6,898.47) (16.93) 8.01 6.60 1.00 0.94 5,391.14 33.46

26 NKY Index 24,115.95 16,358.19 (1,884.93) (7.97) 24.79 20.04 1.69 1.55 341,136.64 3,166.30

27 NEY Index 356.77 249.78 (26.87) (7.68) 16.47 15.26 1.09 1.02 413,633.82 3,839.19

28 TPX Index 1,747.20 1,199.25 (150.71) (8.76) 18.30 16.17 1.15 1.09 591,036.92 5,485.77

29 FBM KLCI Index 1,694.55 1,207.80 (137.03) (8.62) 17.70 18.67 1.45 1.38 934.06 214.70

30 NZSE Index 2,019.39 1,356.73 (105.16) (5.47) 34.94 27.60 2.15 1.86 152.13 93.83

31 PCOM P Index 8,419.59 4,039.15 (2,291.48) (29.32) 12.88 14.55 1.39 1.30 6,988.87 138.07

32 FSSTI Index 3,386.65 2,208.42 (703.35) (21.82) 9.96 13.39 0.85 0.84 434.22 305.77

33 KOSPI Index 2,277.23 1,439.43 (148.39) (6.75) 23.62 14.44 0.81 0.85 1,314,620.60 1,061.74

34 TWSE Index 12,197.64 8,523.63 (982.48) (8.19) 18.72 16.98 1.68 1.75 33,331.90 1,110.36

35 SET Index 1,748.15 969.08 (234.73) (14.86) 18.55 19.88 1.49 1.51 14,438.72 452.30

36 SET50 Index 1,164.72 628.97 (173.37) (16.23) 18.81 20.69 1.72 1.61 10,035.34 314.36

37 VNINDEX Index 1,028.97 649.10 (103.51) (10.77) 14.00 14.46 1.91 2.05 2,990,620.79 128.21

T railing F o rwardD o main

C urrencyUSDLOW P OIN T % T railing F o rward

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

4

LQ45



LQ45 Index

HIGH LOW POINT % Trailing Forward Trailing Forward

1 ACES IJ 1,385 1,920 970 (110) (7.36) 22.96 25.88 5.02 25.88 23,752.75

2 ADRO IJ 1,000 1,715 610 (555) (35.69) 5.67 6.79 0.58 6.79 31,985.96

3 AKRA IJ 2,420 4,580 1,405 (1,530) (38.73) 13.08 11.46 1.12 11.46 9,715.56

4 ANTM IJ 520 1,175 338 (320) (38.10) 64.49 56.96 0.69 56.96 12,496.00

5 ASII IJ 4,350 7,700 3,220 (2,575) (37.18) 8.26 9.85 1.14 9.85 176,103.46

6 BBCA IJ 24,825 35,300 21,625 (8,600) (25.73) 21.04 21.70 3.52 21.70 612,060.62

7 BBNI IJ 3,630 9,450 2,970 (4,220) (53.76) 4.35 7.03 0.62 7.03 67,694.62

8 BBRI IJ 2,630 4,760 2,160 (1,770) (40.23) 9.37 12.15 1.82 12.15 324,399.48

9 BBTN IJ 780 2,750 720 (1,340) (63.21) #N/A N/A 7.36 0.50 7.36 8,260.20

10 BMRI IJ 4,110 8,175 3,660 (3,565) (46.45) 6.98 7.79 0.94 7.79 191,800.00

11 BRPT IJ 1,270 1,525 426 (240) (15.89) 205.65 43.14 6.50 43.14 113,051.90

12 BSDE IJ 690 1,580 585 (565) (45.02) 5.39 8.32 0.47 8.32 13,280.22

13 BTPS IJ 2,520 5,125 1,790 (1,730) (40.71) 13.87 18.39 3.60 18.39 19,413.32

14 CPIN IJ 5,075 7,750 3,800 (1,425) (21.92) 22.24 27.65 3.79 27.65 83,219.85

15 CTRA IJ 550 1,335 394 (490) (47.12) 9.62 11.23 0.69 11.23 10,208.17

16 ERAA IJ 1,230 2,260 805 (565) (31.48) 11.22 15.16 0.79 15.16 3,923.70

17 EXCL IJ 2,630 3,730 1,315 (520) (16.51) 12.94 21.69 1.36 21.69 28,156.81

18 GGRM IJ 47,150 80,675 30,625 (5,850) (11.04) 8.27 9.73 1.70 9.73 90,432.14

19 HMSP IJ 1,940 3,470 1,085 (160) (7.62) 16.34 18.09 5.78 18.09 225,657.07

20 ICBP IJ 8,325 12,550 8,125 (2,825) (25.34) 17.08 17.64 3.56 17.64 97,085.38

21 INCO IJ 2,910 4,320 1,340 (730) (20.05) 18.47 19.77 1.00 19.77 28,914.75

22 INDF IJ 5,600 8,300 5,000 (2,325) (29.34) 9.91 9.42 1.24 9.42 49,170.39

23 INKP IJ 5,050 10,150 3,020 (2,650) (34.42) 6.84 - 0.47 - 27,628.46

24 INTP IJ 11,350 22,875 8,650 (7,675) (40.34) 22.77 21.59 1.81 21.59 41,781.98

25 ITMG IJ 8,200 18,500 5,650 (3,275) (28.54) 5.82 7.24 0.70 7.24 9,265.39

26 JPFA IJ 895 1,860 760 (640) (41.69) 5.85 6.59 0.97 6.59 10,495.28

27 JSMR IJ 3,910 6,225 2,230 (1,265) (24.44) 12.86 21.50 1.52 21.50 28,378.28

28 KLBF IJ 1,320 1,690 830 (300) (18.52) 23.97 23.70 3.76 23.70 61,875.16

29 LPPF IJ 1,440 4,500 1,080 (2,770) (65.80) 2.96 4.23 2.20 4.23 4,039.03

30 MNCN IJ 910 1,780 750 (720) (44.17) 5.06 5.75 0.97 5.75 12,991.25

31 PGAS IJ 885 2,460 605 (1,285) (59.22) 29.01 12.03 0.56 12.03 21,453.73

32 PTBA IJ 2,090 3,150 1,385 (570) (21.43) 6.05 7.28 1.18 7.28 24,078.18

33 PTPP IJ 680 2,340 484 (905) (57.10) 4.54 3.47 0.31 3.47 4,215.93

34 PWON IJ 400 815 266 (170) (29.82) 7.08 9.32 1.29 9.32 19,263.84

35 SCMA IJ 940 1,785 600 (470) (33.33) 15.31 12.42 2.66 12.42 13,888.19

36 SMGR IJ 9,250 13,500 5,475 (2,750) (22.92) 21.36 20.83 1.66 20.83 54,866.56

37 SRIL IJ 148 372 113 (112) (43.08) 2.33 - 0.33 - 3,026.92

38 TBIG IJ 1,065 1,365 650 (165) (13.41) 26.77 22.35 5.17 22.35 24,129.70

39 TKIM IJ 4,420 13,475 3,750 (5,855) (56.98) 5.61 - 0.67 - 13,760.45

40 TLKM IJ 3,170 4,500 2,450 (800) (20.15) 16.83 14.06 3.15 14.06 314,027.23

41 TOWR IJ 950 950 575 145 18.01 20.07 18.79 5.12 18.79 48,463.89

42 UNTR IJ 14,950 28,900 12,000 (6,575) (30.55) 5.53 6.06 0.88 6.06 55,765.52

43 UNVR IJ 8,200 9,795 5,275 (200) (2.38) 41.63 40.03 43.33 40.03 312,830.00

44 WIKA IJ 1,065 2,500 675 (925) (46.48) 4.18 4.85 0.58 4.85 9,553.00

45 WSKT IJ 605 2,180 394 (880) (59.26) 8.75 8.00 0.46 8.00 8,212.24

MARKET CAP

(Bn)LQ45 Index

CHANGE YTD PER (x) PBV (x)27-May-20

52-WEEK

5

Macro data



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

Property 0.19 (0.11) 10.35 (36.50)

Basic Industry 1.47 4.44 (1.79) (27.38)

Trade 1.00 2.12 1.20 (22.19)

Finance 0.90 6.56 1.18 (32.59)

M iscellaneous Industry 0.33 12.36 12.77 (34.29)

Consumer (0.55) (3.47) 2.81 (11.16)

Infrastructure (0.87) 3.08 2.13 (23.31)

Agriculture 0.09 0.70 2.32 (36.82)

M ining (0.67) 2.22 5.58 (19.49)

A pr-20 M ar-20

0.84 3.61

2.67 2.96

0.08 0.10

127.88 120.97

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

USD/IDR 14,710.00 - 4.59 (5.74)

USD/CNY 7.17 (0.46) (1.13) (2.86)

USD/EUR 0.91 (0.09) (1.82) 1.75

USD/JPY 107.85 (0.12) (0.91) 0.70

USD/SGD 1.42 0.09 (0.13) (5.16)

USD/AUD 1.51 0.01 (1.99) 5.94

USD/GBP 0.82 (0.04) 1.30 8.10

( in %)

5.20

0.59

1.46

6.78

7.34

7.80

Indonesia 5-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 %)

Technical Corner


JCI : MENGUAT

Last price : 4.641

Support : 4.545, 4.487

Resistance : 4.697, 4.754

JCI pada hari ini kami perkirakan akan bergerak MENGUAT dengan range 4.545 - 4.754. JCI berhasil break

diatas Resistance 4.628, berpeluang melanjutkan penguatan dengan mencoba Resistance 4.697 dan 4.754.

Namun, jika JCI gagal bertahan diatas 4.628, akan menguji Support 4.598 dan 4.545. Indikator Stoc osc dan

MACD mengindikasikan pola Uptrend.

Jakarta Composite Index (JCI)

Summary of portfolio:Stock Recommendation Comment

SMRA HOLD SMRA berhasil break Resistance 440, berpeluang melanjutkan penguatandengan mencoba Resistance 468 dan 476. Namun, jika SMRA gagal bertahan

diatas Resistance 440, akan kembali menguji Support 434 dan 420.

AALI TAKE PROFIT AALI sudah mencapai Target 6.875 (27/5), kami merekomendasikan TakeProfit AALI. Namun, jika AALI bertahan diatas 6.875, berpeluang mencoba

Resistance 7.100 dan 7.400.

ITMG BUY ON WEAKNESS ITMG berhasil break Resistance 8.100, berpeluang melanjutkan penguatandengan mencoba Resistance 8.300 dan 8.475.

CPIN BUY ON WEAKNESS CPIN berhasil break Resistance Trendline 5.075, berpeluang melanjutkanpenguatan dengan mencoba Resistance 5.150 dan 5.325.

SMRA : HOLD

Last price : 452Target price : 476 (7.7%)Stop loss : 410 (-5.4)

SMRA berhasil break Resistance 440, berpeluang melanjutkan penguatan dengan mencoba Resistance 468 dan 476.Namun, jika SMRA gagal bertahan diatas Resistance 440, akan kembali menguji Support 434 dan 420. Indikator MACDdan Stoc osc mengindikasikan pola Uptrend.

AALI : TAKE PROFIT

Last price : 6.975Target price : 6.875 (6.6%)

AALI sudah mencapai Target 6.875 (27/5), kami merekomendasikan Take Profit AALI. Namun, jika AALI bertahandiatas 6.875, berpeluang mencoba Resistance 7.100 dan 7.400. AALI dilihat dari Indikator MACD mengindikasikan polaUptrend dan Stoc osc mengindikasikan pola Overbought.

Support : 440, 434Resistance : 468, 476

Support : 6.875, 6.725Resistance : 7.100, 7.400

Astra Agro Lestari Tbk (AALI)

Summarecon Agung Tbk (SMRA)


Indo Tambangraya Megah Tbk (ITMG)

Charoen Pokphand Indonesia Tbk (CPIN)


ITMG : BUY ON WEAKNESS

Last price : 8.200Target price : 8.700 (7.4%)Entry point : 8.100Stop loss : 7.750 (-5.7%)

ITMG berhasil break Resistance 8.100, berpeluang melanjutkan penguatan dengan mencoba Resistance 8.300 dan8.475. Namun, jika ITMG gagal bertahan diatas Resistance 8.100, berpeluang menguji Support 7.950 dan 7.750.ITMG dilihat dari Indikator MACD dan Stoc osc mengindikasikan pola Uptrend.

CPIN : BUY ON WEAKNESS

Last price : 5.075Target price : 5.500 (10.0%)Entry point : 5.000Stop loss : 4.780 (-4.4%)

CPIN berhasil break Resistance Trendline 5.075, berpeluang melanjutkan penguatan dengan mencoba Resistance5.150 dan 5.325. Namun, jika CPIN gagal bertahan diatas 5.075, akan kembali menguji Support 5.000 dan 4.880.CPIN dilihat dari Indikator MACD mengindikasikan pola Uptrend dan Stoc osc mengindikasikan pola Golden cross.



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]

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

Consumer, Retail, Cement

Tel: +62 21 3925550 Ext: 610

[email protected]

RESEARCH ASSOCIATE

Andrianto Saputra

Tobacco, Plantation

Tel: +62 21 3925550 Ext: 159

[email protected]

RESEARCH ASSOCIATE

Kharel Devin Fielim

Media, Poultry, Construction

Tel: +62 21 3925550 Ext: 159

[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

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20200528 Daily Research1.pdf (p.1-5)20200528 Technical Corner.pdf (p.6-8)Disclaimer.pdf (p.9)

volume jci index - sinarmas sekuritas · 2020. 5. 28. · menguat pada perdagangan rabu (27/05)....

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