Transcript TRIM Daily - PT Trimegah Securities Tbk

TRIM Daily
Jan 06, 2015
TRIM Highlights
JCI
Expect short-term profit taking in market to continue on the back of heightened concerns in Europe. Usually this impacts small caps more than big caps.
We suggest buy on weakness on stocks in our top pick list: BBNI, BJTM,
TBIG, MAPI, WSKT, ADHI, SOCI. Despite being a small cap, we highlight that
BJTM has a 10% dividend yield and should be investors’ defensive pick.
Company news: ACST acquisition by UNTR is completed, next step is mandatory tender offer (expect to be announced in a few days).
C hange
Transaction Volume (m)
Transaction Value (Rpbn)
Mkt C ap (Rptr)
Market 2015 P/E (x)
Market Div. Yield (%)
5,220.0
-0.43%
6,428
5,508
5,221
15.1
2.4%
Global Indices
Global Wrap
Eurozone reported Dec inflation number slowing to 0.0% MoM and 0.2% YoY
from 0.6% YoY in the previous month. Thus, the area failed to achieve its
1.0% inflation target for 2014 and plan to pump up monetary stimulus
amounted EUR 1 tn this year.
Technical Market View
Jakarta Composite Index (JCI) down by 23 poin or 0.4% to 5,219 yesterday.
Index movers were mostly driven by misc industry, agriculture, mining and
trade. Total transaction value was Rp5.5tr. IDX recorded RP144bn net sell by
foreign investors. JCI today is expected to continue its weakening trend and
trade in 5,203-5,251 range.
Price
AALI
24,765
LSIP
1,930
TLKM
CPRO
PTPP
2,835
104
3,540
Buy
%
-1.9
-1.6
-0.2
-1.3
-2.0
-0.6
Reksa Dana Trimegah
Asset Management
NAB
LSIP remains strong with potential
upside in the range of 1,880-1,960
for today.
TLKM
Reason
Buy
TLKM remains strong with potential
upside in the range of 2,790-2,870
for today.
Buy
CPRO is a long term bullish and we
expect the stock to rebound at the
range of 98-109 as it formed a star
pattern yesterday.
Sell
C hg
-331.3
-74.2
-42.1
-42.3
-130.6
-136.5
AALI is bearish in the short term (3
days), but we recommend a speculative buy at or below support level of
24,500. AALI’s range for today is
between 24,325-25,225
Rating
BuyOW
Price
17,501.7
4,652.6
17,408.7
3,328.3
6,417.2
23,721.3
Trim Kapital
9,392.7
Trim Kapital +
3,457.2
Trim Syariah SHM 1,721.6
Tram C onsumption +1,524.7
Trim Komb 2
2,067.9
Trim Syariah B
2,404.9
Trim Dana Stabil
2,175.8
Trim Dana Tetap 2 1,743.4
Tram PDPT USD
1.1
Tram Reguler INC
994.7
Tram Strategic Fund 1,139.4
Trim Kas 2
1,130.2
Technical analysis: trading picks
Stock
Dow Jones
Nasdaq
Nikkei
ST Times
FTSE
Hang Seng
We expect PTPP to further decrease
today with support and resistance
levels of 3,385-3,610
PT Trimegah Securities Tbk - www.trimegah.com
(USD)
44.3
C hg
%
-66
-29.5
-2.7
-10.0
-10.8
-13.5
-1.4
0.4
0.0
0.0
-7.9
0.7
-0.7
-0.8
-0.2
-0.7
-0.5
-0.6
-0.1
0.0
0.2
0.0
-0.7
0.1
(Rp)
C hg
%
13,957
-0.65
-1.4
C hg
69
0.1
-0.06
0.17
-0.5
-12
%
0.6
1.3
-3.1
4.4
-1.9
3,449
TRIM DAILY
1
Dual
Listing (NYSE)
Others
USD IDR
10 yr Indo Govr bond (%)
10 yr US govt bond (%)
Spread (%)
EIDO
Foreign YtD (USDmn)
12,614
7.96
2.0
5.93
26.3
(12)
News of the Day
Banks: no revision in LTV regulation so far
Central Bank of Indonesia (BI) is yet to revise loan-to-value
(LTV) regulation related to property and vehicle ownership
since the regulation still have positive effect to the Indonesian macroeconomic condition, said BI Deputy Governor,
Halim Alamsyah. BI will review the LTV regulation on a 6months basis. According to BBCA Consumer Banking Director, Henry Koenaifi, the current LTV regulation needs some
relaxation to support mortgage and vehicle loan growth. He
further added that BI should relax the LTV from the current
level of 70% to 80% for first-timer debtors and from 60% to
70% for second-timer debtors. Source: Investor Daily
Comment:
The current LTV regulation might impose negative impact for
mortgage loan growth. Thus, we see this negatively for BBTN
(BUY, TP Rp 1,350, the market leader in mortgage loan) and
for BBCA (HOLD, TP Rp 13,900, the market leader in nonsubsidized mortgage loan) ([email protected])
Expansion to Malaysia: Indonesian banks are allowed
to fulfill the minimum capital requirement gradually
Indonesian banks who want to expand to Malaysia as Qualified ASEAN Banks (QAB) through ASEAN Banking Integration
Framework (ABIF) are allowed to fulfil the minimum capital
requirement amounting RM 300mn gradually within maximum 5 years. Indonesian Financial Services Authority (OJK)
assessed that the three state-owned banks (BBRI, BMRI, and
BBNI) are eligible for QAB. Source: Investor Daily
Comment:
We view this news as neutral for BBRI (BUY, TP Rp 13,200),
BMRI (HOLD, TP Rp 10,600), and BBNI (BUY, TP Rp 6,800).
As mentioned in our latest report regarding overseas expansion, we deemed that Indonesian banks should focus on
Indonesia as their source of growth considering small contribution
of
overseas
branches’
profit.
([email protected])
Pertamina increase price for LPG 12 kg by 20%
Pertamina increase LPG (12 kg) price by Rp 1,500/kg
(+20%) to Rp 9,069/kg and selling by the agent to the end
customer at Rp 11,225/kg. Thus currently, public need to
pay Rp 134,700/tube for LPG 12 kg effective per 2 Jan 2015.
The decision taken to narrow its gap to the real economic
price. They required 5-10% profit margin as target. Source:
Koran Tempo
Weaker consumer confidence index due to expectation
of high inflation
In December’ 14, consumer confidence index (CCI) decreased
to 116.5 from 120.1 in the previous month, based on survey
conducted by Bank Indonesia. It was due to consumers’ consideration of inflation that would be the same at the high level.
Moreover, consumers expect a weaker economic condition for
the next 6 months due to flagging business activities. Source:
Kontan ([email protected])
Comment:
This is inline with our view for consumer (retail) sector. For
2015F, we rate neutral for Indonesian retail sector to anticipate a weaker purchasing power and higher level of inflation
post some cost hikes.
MAYA: 40% stakes to be bought by Cathay Financial
Taiwanese financial holding company, Cathay Financial Holding
through its subsidiary, Cathay Life Insurance Co Ltd, plans to
buy 40% stakes of Bank Mayapada International Tbk (MAYA)
with the amount of USD 278mn. However, the transaction is
yet to be realized as there is no bilateral agreement between
Indonesian Financial Services Authority (OJK) and Taiwanese
banking authority. Source: Investor Daily
Comment:
Since the ownership stakes to be bought by Cathay is still
within OJK regulation (maximum 40% foreign ownership in a
local bank), we believe that OJK will approve the transaction.
Thus,
we
view
this
positively
for
MAYA.
([email protected])
PGAS: Transfer plan for 1.85mn of treasury stock shares
PGAS plans to transfer 1.85mn (<1% of ownership) treasury
stock shares at least 14 days after the company’s disclosure
announced (5 Jan). According to the disclosure, the selling
price will not be lower than closing price of IDX’s daily transaction on 1 (one) day before the selling date of shares, or average of daily transaction’s closing price in IDX during the last
90 days before the selling date, whichever is higher. Source:
Company, Bisnis Indonesia ([email protected])
Comment:
PGAS is traded at 13.8x PE (based on TRIM 2015E EPS of
Rp433).
INAF: Targets to reach Rp40bn net profit in 2015F
In 2014, INAF booked Rp1,39tn from Rp1,33tn in the previous year
(+5% YoY). The biggest contribution came from drug sales which
being sold to hospitals, drugstores, e-catalogs, and non e-catalogs.
For 2015, the company targets to book Rp1,7tn revenue (+22%
YoY), resulting to reach Rp40bn net profit. Source: Kontan
([email protected])
PT Trimegah Securities Tbk - www.trimegah.com
TRIM DAILY
2
News of the Day
ACST: The new member of Astra Group
SMGR: Allocates Rp7.0tr for 2015 capex
UNTR has finished the acquisition of 40.0% shares in ACST
through shares transfer (crossing) in IDX yesterday. The
crossing value reached Rp650bn and 200mn shares at price
Rp3,250/sh. Hence, UNTR now is the new controlling shareholder in ACST and based on OJK regulation, UNTR must
conduct a mandatory tender offer (MTO) for the remaining
shareholder. The MTO is expected to occur in the third week
of Jan’15 and would increase UNTR ownership to 50.1% from
current 40.0%. UNTR also will put its 3 representative in
ACST’s board of director. Source: Investor Daily
SMGR allocates Rp7.0tr as capex in 2015; the amount is
higher than initial plan of Rp5.0tr. The capex will be used for
the development of 2 new plants which are located in Rembang and Indarung – West Sumatra, which the development
of both plants have been kicked off in mid-2014. The investment for both plants jumped due to Rupiah depreciation.
Investment needed in Rembang stands at Rp4.45tr up from
initial Rp3.71tr, while Indarung Plant reaches at Rp3.84tr up
from Rp3.24tr. Meanwhile, around Rp1-2tr of capex will be
used for expansion in overseas, Vietnam, Myanmar, and
Bangladesh. Source: Investor Daily
Comment:
We spoke with ACST’s CFO yesterday, regarding this issue.
Until now UNTR is still waiting the MTO permit from OJK,
while the MTO price has yet to be disclosed. UNTR is eyeing
50.1% stake in UNTR through 2 stages: 1) purchasing 40%
stake from two current majority shareholders: Cross Plus
Indonesia (CPI; previously owned 38.45%) and Loka Cipta
Kreasi (LCK; previously owned 29.75%), and 2) acquire
10.1% more stake from public through tender offer. If UNTR
fails to reach the targeted 50.1% stake, UNTR will purchase
the shortage back again from CPI and LCK. Hence, there is a
possibility total stake owned by CPI and LCK decreased to
18.8% from current 68.2%. ACST will conduct EGM on 28
Jan’15 to discuss further about the abovementioned transaction. We believe this acquisition will bring lots of benefits to
ACST. We have a Buy recommendation on ACST with TP of
Rp4,000/sh; it is traded at 12.6x of 2015 PE.
([email protected])
Comment:
The developments of SMGR’s two new plants are still in track.
Both plants have 3.0mn tons capacities each, which are
targeted to complete in 2H16. Currently, SMGR capacity
stands at 31.8mn tons and we expect to become 33.3mn tons
in 2015 and 39.3mn tons in 2016. We have a Hold recommendation on SMGR with TP at Rp18,300/sh. Currently SMGR
is traded at 15PE of 16.0x and 15EV/EBITDA of 10.3x.
([email protected])
Weaker consumer confidence index due to expectation
of high inflation
In December’ 14, consumer confidence index (CCI) decreased to 116.5 from 120.1 in the previous month, based
on survey conducted by Bank Indonesia. It was due to consumers’ consideration of inflation that would be the same at
the high level. Moreover, consumers expect a weaker economic condition for the next 6 months due to flagging business activities. Source: Kontan
Comment:
This is inline with our view for consumer (retail) sector. For
2015F, we rate neutral for Indonesian retail sector to anticipate a weaker purchasing power and higher level of inflation
post some cost hikes. ([email protected])
PT Trimegah Securities Tbk - www.trimegah.com
TRIM DAILY
3
Table
Indo Market PE vs 10yr Bond Yield
JCI PE (LHS)
(X)
16.0
5yr Bond Yield Indo (USD) vs US Bond Yield
Indo 10Yr Bond Yield (RHS)
(%)
9.5
Bond Yield US
(%)
5.0
Ind 5yr Bond Yield Indo in USD
4.5
15.0
9.0
14.0
8.5
4.0
3.5
3.0
13.0
8.0
12.0
2.5
2.0
7.5
11.0
7.0
10.0
1.5
1.0
0.5
Indo Market PE vs Regional (Weekly)
Weekly
Indonesia
Hang Seng
Singapore
Thailand
Jan-15
Dec-14
Dec-14
Nov-14
Oct-14
Nov-14
Oct-14
Sep-14
Sep-14
Aug-14
Aug-14
Jul-14
Aug-14
Jul-14
Jun-14
Jun-14
May-14
Apr-14
May-14
Apr-14
Mar-14
Feb-14
Mar-14
Jan-14
Feb-14
Jan-14
0.0
Jan-14
Dec-14
Nov-14
Oct-14
Sep-14
Aug-14
Jul-14
Jun-14
May-14
Apr-14
Jan-14
Mar-14
6.5
Feb-14
9.0
Foreign Fund Flow in last 5 days & 1 month
Philippines
5 Days
(USDmn)
Malaysia
1 Month
1,000
(x)
22.0
591
500
20.0
219
19 25
0
18.0
(500)
16.0
(1,000)
-16
-235
-74
-142
-429
-688
-1,115
(1,500)
14.0
(2,000)
12.0
-2,140
Oil Price (Brent), Coal Price (Newcastle), Gold
Brent Crude Oil (bbl) (LHS)
Coal (mt) (LHS)
(USD/ Troy oz.)
INDIA
VIETNAM
CPO Price, Soybean Price (both 1m Futures)
Gold (RHS)
(USD)
120
THAILAND
2014
2014
2013
2012
2011
2010
2009
8.0
SOUTH KOREA
10.0
PHILIPPINES
INDONESIA
(2,500)
CPO Malaysia (LHS)
Soybean (RHS)
(USD Bushels)
1,700
(MYR Tons)
3,500
1,500
3,000
1,500
110
1,300
2,500
100
1,300
1,100
90
2,000
1,100
1,500
80
900
900
1,000
PT Trimegah Securities Tbk - www.trimegah.com
Dec-14
Nov-14
Oct-14
Sep-14
Aug-14
Jul-14
Jun-14
May-14
500
Apr-14
Mar-14
Dec-14
Dec-14
Nov-14
Oct-14
Oct-14
Sep-14
Aug-14
Aug-14
Jul-14
Jun-14
Jun-14
May-14
Apr-14
Mar-14
Mar-14
Jan-14
Feb-14
500
Jan-14
50
700
500
Feb-14
700
60
Jan-14
70
TRIM DAILY
4
Table
Coal Price (Newcastle) vs Coal Sector
Coal (LHS)
CPO Price (1m Futures in Malaysia) vs CPO Sector
CPO Malaysia (LHS)
COAL Sector (RHS)
(USD/MT)
90
275
85
CPO Sector (RHS)
(MYR / Ton)
3,100
95
2,900
90
250
80
85
2,700
75
225
80
2,500
75
70
2,300
200
65
60
70
2,100
65
1,900
60
175
INCO (LHS)
ANTM (LHS)
Dec-14
Dec-14
Oct-14
Nov-14
Oct-14
Sep-14
Aug-14
Jul-14
Aug-14
Jun-14
Jun-14
Apr-14
Mar-14
Jan-14
INCO, ANTM vs Nickel price (LME)
May-14
50
Mar-14
1,500
Jan-14
150
55
Jan-14
Jan-14
Feb-14
Feb-14
Mar-14
Mar-14
Apr-14
Apr-14
Apr-14
May-14
May-14
Jun-14
Jun-14
Jul-14
Jul-14
Aug-14
Aug-14
Sep-14
Sep-14
Sep-14
Oct-14
Oct-14
Nov-14
Nov-14
Dec-14
Dec-14
50
1,700
Feb-14
55
ANTM vs Gold price
Nickel LME (RHS)
(Rp)
5,000
(USD /MT)
25,000
ANTM (LHS)
(Rp)
1,400
Gold (RHS)
(USD troy oz.)
1,500
1,400
1,300
4,500
4,000
20,000
3,500
1,300
1,200
1,200
1,100
3,000
15,000
1,100
1,000
2,500
1,000
2,000
10,000
900
900
800
TINS vs Tin price (LME)
TINS (LHS)
(Rp)
1,700
Dec-14
Dec-14
Oct-14
Nov-14
Oct-14
Sep-14
Aug-14
Aug-14
Jul-14
Jun-14
Jun-14
500
Apr-14
600
500
May-14
600
Mar-14
Dec-14
Dec-14
Oct-14
Nov-14
Oct-14
Sep-14
Aug-14
Jul-14
Aug-14
Jun-14
Jun-14
Apr-14
May-14
Mar-14
Mar-14
Jan-14
Feb-14
Jan-14
-
700
Mar-14
500
800
700
Feb-14
5,000
Jan-14
1,000
Jan-14
1,500
GIAA vs Brent Crude Oil
Tin LME (RHS)
(USD/MT)
25,000
GIAA (LHS)
Crude Oil Brent (RHS)
(Rp)
650
(USD bbl)
120
24,000
1,500
23,000
22,000
1,300
600
110
550
100
500
90
450
80
400
70
350
60
300
50
21,000
1,100
20,000
19,000
900
18,000
PT Trimegah Securities Tbk - www.trimegah.com
Dec-14
Dec-14
Nov-14
Oct-14
Oct-14
Sep-14
Aug-14
Aug-14
Jul-14
Jun-14
Jun-14
May-14
Apr-14
Mar-14
Mar-14
Dec-14
Dec-14
Nov-14
Oct-14
Oct-14
Sep-14
Aug-14
Aug-14
Jul-14
Jun-14
Jun-14
May-14
Apr-14
Mar-14
Mar-14
Feb-14
Jan-14
15,000
Jan-14
500
Feb-14
16,000
Jan-14
700
Jan-14
17,000
TRIM DAILY
5
World Economic Calendar
Date Time
22-Dec-14
23-Dec-14
Country Event
Period Survey
Actual
Prior
US
Existing Home Sales (USD mn)
Nov
5.2
4.9
5.3
US
Existing Home Sales MoM (%)
Dec
(1.1)
(6.1)
1.5
EC
Consumer Confidence
Dec A
(11.0)
(10.9)
(11.6)
US
GDP Annualized QoQ (%)
3Q T
4.3
5.0
3.9
US
Durable Goods Orders (%)
Nov
3.0
(0.7)
0.4
US
Durables Ex Transportation (%)
(0.4)
(0.9)
US
Univ. of Michigan Confidence
US
US
Nov
1.0
Dec F
93.5
93.6
93.8
New Home Sales (000's)
Nov
460
438
458
New Home Sales MoM (%)
Nov
0.4
0.2
0.7
US
Personal Income (%)
Nov
0.4
0.4
0.2
US
PCE Core YoY
Nov
1.5
1.4
1.6
US
Initial Jobless Claims (000's)
20-Dec
290
280
289
US
Continuing Claims
13-Dec
2,373.0
2,403
2,373
EC
M3 Money Supply YoY (%)
Nov
2.6
3.1
2.5
EC
M3 3-mont average
Dec
2.5
2.7
2.3
30-Dec-14
US
Consumer Confidence Index
31-Dec-14
US
Initial Jobless Claims (000's)
31-Dec-14
US
31-Dec-14
US
31-Dec-14
CH
HSBC China Manufacturing PMI
1-Jan-15
CH
Manufacturing PMI
2-Jan-15
US
Markit US Manufacturing PMI
2-Jan-15
US
Construction Spending MoM (%)
2-Jan-15
US
2-Jan-15
24-Dec-14
30-Dec-14
Dec
93.9
93
88.7
27-Dec
290.0
298
280.0
Chicago Purchasing Manager
Dec
60.0
58
60.8
Pending Home Sales MoM (%)
Nov
0.5
0.8
(1.1)
Dec F
49.5
49.6
49.5
Dec
50.0
50.1
50.3
Dec F
54.0
53.9
53.7
Nov
0.4
(0.3)
1.1
ISM Manufacturing
Dec
57.5
55.5
58.7
US
ISM Prices Paid
Dec
44.0
38.5
44.5
2-Jan-15
EC
Markit Eurozone Manufacturing PMI
Dec F
50.8
50.6
50.8
2-Jan-15
ID
HSBC Indonesia Manufacturing PMI
Dec --
47.6
48.0
2-Jan-15
ID
CPI NSA MoM
Dec
2.1
2.5
1.5
2-Jan-15
ID
CPI YoY (%)
Dec
7.9
8.4
6.2
2-Jan-15
ID
Trade Balance (USD mn)
Dec
130.0
(426.0)
23.0
6-Jan-15
EC
Markit Eurozone Composite PMI
Dec F
6-Jan-15
US
Markit US Composite PMI
Dec F --
6-Jan-15
US
Markit US Services PMI
Dec F
51.7 --
51.7
--
53.8
53.8 --
53.6
6-Jan-15
US
Factory Orders (%)
Nov
0.2 --
(0.7)
6-Jan-15
US
ISM Non-Manf. Composite
Dec
58.0 --
59.3
6-Jan-15
ID
Foreign Reserves (USD bn)
Dec --
--
111.1
7-Jan-15
EC
CPI Estimate YoY (%)
Dec
0.0 --
--
7-Jan-15
US
MBA Mortgage Applications (%)
--
0.9
7-Jan-15
US
ADP Employment Change (000's)
Dec
225.0 --
208.0
7-Jan-15
US
Trade Balance (USD mn)
Nov
(41.0) --
(43.0)
Dec
48.0 --
54.5
--
(10.9)
2-Jan --
8-Jan-15
CH
Trade Balance (USD mn)
8-Jan-15
EC
Consumer Confidence
Dec F -3-Jan --
8-Jan-15
US
Initial Jobless Claims
--
--
9-Jan-15
US
Change in Nonfarm Payrolls (000's)
Dec
240.0 --
321.0
9-Jan-15
US
Unemployment Rate (%)
Dec
5.7 --
5.8
PT Trimegah Securities Tbk - www.trimegah.com
TRIM DAILY
6
Corporate Action
Warrant
Code
Price
Exercise
BEST-W
200
INVS-W
165
SUGI-W
100
Maturity Emiten
10-Apr-15 Bekasi Fajar Industrial Estate
8-May-15 Inovisi Infracom
21-May-15 Sugih Energy
Description
WARAN SERI I BEKASI FAJAR INDUSTRIAL ESTATE
WARAN SERI I INOVISI INFRACOM
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
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
PT Trimegah Securities Tbk - www.trimegah.com
WARAN SERI I GADING DEVELOPMENT
TRIM DAILY
7
Statistics
JCI
5,220.0
(22.8)
-0.4%
YTD (Rp)
-0.13% Volume (m)
6,428
Nilai
(Rpbn)
YTD (USD)
38.43%
5,508
Moving Avg 20day
5,150 Mkt C ap (Rptr)
5,221
Moving Avg 50day
5,108 Market 2015 P/E (x) 15.1
Moving Avg 200day
5,012 Market Div. Yield (%) 2.4%
Indonesia & Sectors
MSC I Indonesia
JII
LQ45
JAKFIN Index
JAKINFR Index
JAKMINE Index
JAKC ONS Index
JAKTRAD Index
JAKMIND Index
JAKBIND Index
JAKPROP Index
JAKAGRI Index
6,181.7
689.1
898.3
731.3
1,150.4
1,356.7
2,217.2
874.9
1,274.2
541.5
532.8
2,322.3
Indices
Region
MXWO
MSC I Word
1,671.3
SPX
S&P 500
2,020.6
US
Dow Jones Industrial
17,501.7
Nasdaq
US
4,652.6
Europe
EURO 50
Europe
334.0
FTSE
London
6,417.2
DAX
Jerman
9,473.2
C AC
France
4,111.4
SMI
Swiss
8,938.9
BRIC
BOVESPA
Brazil
47,516.8
MIC EX
Russia
1,435.7
SENSEX
India
27,842.3
NIFTY
India
8,378.4
SHC OMP
C hina
3,350.5
SZC OMP
C hina
1,436.9
Developed ASIA
+/-40.0
-5.4
-4.9
-2.0
-6.2
-12.2
11.9
-6.3
-26.4
-0.3
-0.2
-44.8
(%) YTD (%)
-0.6
-0.3
-0.8
-0.3
-0.5
-0.0
-0.3
-0.0
-0.5
-0.9
-0.9
-0.9
0.5
1.8
-0.7
-0.4
-2.0
-2.5
-0.1
-0.4
-0.0
1.5 Nikkei
-1.9
-1.2 TPX
+/-1.7
(%) YTD (%) KOSPI
-0.74
-1.4 TAIEX
HSI
Commodities
C RB Index
226.7
Oil & Gas
Brent C rude Oil (USD/bbl)
53.1
Nymex Oil (USD/bbl)
50.0
Natural Gas
2.9
C OAL (AUS Daily)
60.2
Industrial Metals
Alumunium (USD/tonne) 1,801.3
Nickel (USD/tonne)
15,200
Tin (USD/tonne)
19,495
Precious Metal
Gold (USD/t oz.)
1,204.0
Silver (USD/t oz.)
16.2
Soft Commodities
CP
O (Malaysia
C PO
(Malaysia- Rm/tonne)
- Rm/tonne) 2,285
Rubber (JPY/kg)
1,699
C orn (USD/bu.)
406
Wheat (USD/bu.)
589
Soybeans (USD/bu.)
1,045
JCI Winners (%)
TRAM
24.6
-2.9 -5.11
-5.8 -10.39
-0.1 -4.03
-0.6 -1.07
-7.3
-6.1
-0.6
-2.9
-17.3
370
-150.0
-0.95
2.49
-0.76
-1.8
0.3
0.5
17.8
0.4
1.50
2.82
1.7
3.9
-17.0
66.9
10.3
7.8
37.8
-0.74
4.10
2.59
1.33
3.75
-0.3
3.5
2.3
-0.2
2.6
JCI Losers (%)
Kurs
USDEUR
USDGBP
USDC HF
USDC AD
USDAUD
USDNZD
USDJPY
USDC NY
USDHKD
USDSGD
Rupiah
JCI Value- (Rpmn)
100
200
SMAR
-13.4
FSSTI
ASEAN
SET
PC OMP
KLC I
VNINDEX
SIAP
209
Japan
Japan
Hong kong
S.Korea
Taiwan
Singapore
BUMI
TLKM
142
TRAM
8.0
-2.4
ASII
ADHI
129
ENRG
CTRA
4.9
-2.3
TBIG
PGAS
127
BSDE
3.2
-2.3
MNCN
ASII
GGRM
3.1
-1.3
PGAS
-1.2
GIAA
519
SIAP
UNTR
8.5
178
-1.86
-1.57
-1.80
-1.76
-7.34
-130.64
-291.6
-140.93
-44.52
-2.15
-2.00
-2.99
-3.31
-0.50
-2.48
-2.27
-3.39
-3.78
-0.50
-995
39.05
-45.6
-17.1
115.84
21.67
-2.05
2.80
-0.16
-0.20
3.58
1.53
-4.98
2.80
1.25
1.16
3.58
1.53
17,408.7
1,401.1
23,721.3
1,915.8
9,274.1
3,328.3
-42.1
-6.42
-136.5
-10.69
-33.1
-42.31
-0.24
-0.46
-0.57
-0.55
-0.36
-1.26
-0.24
-0.46
0.49
0.01
-0.36
-1.10
1,483.3
7,276.6
1,736.6
544.5
-14.42
46.1
-16.15
-1.18
-0.96
0.64
-0.92
-0.22
-0.96
0.64
-1.40
-0.21
JCI
(Lot)
300 Volume
0
200
400
-2.5
MYOR
-3.0
-331.3
-74.24
Region
Euro
UK
Switzerland
C anada
Australia
New Zealand
Japan
C hina
Hongkong
Singapore
Indonesia
INDF
14.3
(%) Y T D ( %)
-1.96
-2.25
-1.83
-1.86
Thailand
Philipines
Malaysia
Vietnam
SCMA
BBMD
+/-33.46
-37.62
493
0.838
0.656
1.007
1.176
1.237
1.301
119.64
6.22
7.756
1.335
12,614
600
+/0.005
0.003
0.005
-0.002
0.001
0.002
-0.860
0.01
-0.001
0.004
69.00
JCI Freq (Lot)
SIAP
TRAM
20,749
12,559
SSMS
8,158
149
BUMI
5,126
CPRO
141
ADHI
4,938
116
TARA
114
WSKT
4,818
BBRI
115
ASRI
111
AKRA
4,680
426
BIRD
2.1
BBNI
BSDE
105
APOL
105
SCMA
4,075
BDMN
1.1
-0.9 TLKM
TRAM
104
META
95
MNCN
3,968
TRIO
0.0
-0.4
97
SRIL
95
INDF
3,773
PT Trimegah Securities Tbk - www.trimegah.com
BBRI
SSMS
(%) Y T D ( %)
0.01 4.75
0.01 9.28
0.01 0.69
-0.00 -1.98
0.00 3.08
0.00 0.08
-0.01 -0.13
0.00
0.32
-0.00 -0.57
0.00 2.72
0.01 1.82
TRIM DAILY
8
Research Team
Sebastian Tobing, CFA
Head of Research & Institutional Sales
([email protected])
Maria Renata
Equity Analyst
([email protected])
Angga Aditya Assaf
Equity Analyst
([email protected])
Gina Novrina Nasution, CSA
Equity Analyst
([email protected])
Willinoy Sitorus
Equity Analyst
([email protected])
Paula Ruth
Equity Analyst
([email protected])
M. Dian Octiana
Equity Analyst
([email protected])
Dini Agmivia Anggraeni
Fixed Income Analyst
([email protected])
Rovandi
Research Associate
([email protected])
Institutional Sales Team
Daniel Dwi Seputro
Head of Institutional Equity Sales
([email protected])
Dewi Yusnita
Equity Institutional Sales
([email protected])
Fachruly Fiater
Equity Institutional Sales
([email protected])
Raditya Andyono
Equity Institutional Sales
([email protected])
Meitawati
Equity Institutional Sales
([email protected])
Henry Sidarta
Equity Institutional Sales
([email protected])
Nancy Pardede
Equity Institutional Sales
([email protected])
Nathanael Benny Prasetyo
Head of Retail ECM
([email protected])
CENTRAL JAVA, AREA
Agus Bambang Suseno
Solo, Jawa Tengah
([email protected])
EAST INDONESIA
Wiranto Sunyoto
Branch Area Manager
([email protected])
Mariana Kusuma Wati
Semarang, Jawa Tengah
[email protected])
Sonny Muljadi
Surabaya, Jawa Timur
([email protected]
WEST JAVA
Asep Saepudin
Bandung, Jawa Barat
([email protected])
Retail Sales Team
JAKARTA AREA
Nathanael Benny Prasetyo
Head of Retail ECM
([email protected])
Ariawan Anwar
Artha Graha, Jakarta
([email protected])
Windra Djulnaily
Pluit, Jakarta
([email protected])
Musji Hartono
Mangga Dua, Jakarta
([email protected])
Ferry Zabur
Kelapa Gading, Jakarta
([email protected])
Very Wijaya
BSD, Tangerang
([email protected])
SUMATERA
Juliana Effendy
Medan, Sumatera Utara
([email protected])
Ni Made Dwi Hapsari Wijayanti
Denpasar, Bali
([email protected])
Ariffianto
Cirebon, Jawa Barat
([email protected])
Ivan Jaka Perdana
Malang, Jawa Timur
([email protected])
Arifin Pribadi
Makasar, Sulawesi Selatan
([email protected])
Tantie Rivi Watie
Pekanbaru, Riau
([email protected])
PT Trimegah Securities Tbk - www.trimegah.com
TRIM DAILY
9
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
This report has been prepared by PT Trimegah Securities Tbk on behalf of itself and its affiliated companies and is provided for information
purposes only. Under no circumstances is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has
been produced independently and the forecasts, opinions and expectations contained herein are entirely those of Trimegah Securities.
While all reasonable care has been taken to ensure that information contained herein is not untrue or misleading at the time of publication,
Trimegah Securities makes no representation as to its accuracy or completeness and it should not be relied upon as such. This report is
provided solely for the information of clients of Trimegah Securities who are expected to make their own investment decisions without reliance
on this report. Neither Trimegah Securities nor any officer or employee of Trimegah Securities accept any liability whatsoever for any direct or
consequential loss arising from any use of this report or its contents. Trimegah Securities and/or persons connected with it may have acted
upon or used the information herein contained, or the research or analysis on which it is based, before publication. Trimegah Securities may in
future participate in an offering of the company’s equity securities.