TRIM Daily2015/06/30 · TRIM Daily TRIM Highlights Jun 30, 2015 Jakarta Composite Index (JCI) down...

TRIM DAILY PT Trimegah Securities Tbk - www.trimegah.com 1

With Greece situation looming in the background, correction may continue

today. We continue to believe Indonesian stock market should fall less how-

ever, as it has already underperformed. ICBP/LSIP/INDF: Indofood group fell

by 2-4% yesterday (more than JCI’s 0.8%) due to ICBP and LSIP buying

50% each of an office building in Jakarta. ICBP plans some of its new busi-

nesses to have an office there while LSIP plans to move its headquarter there

next year. Current rental yield of only 3% is below the 7% normal rate;

hence, the big decline in share price. We think it is priced in.

TRIM Daily

TRIM Highlights

Jun 30, 2015

Jakarta Composite Index (JCI) down by 40 poin or 0.8% to 4882 yesterday. Index movers were mostly driven by property construction, agriculture and infrastructure. Total transaction value was Rp3.9tr. IDX recorded RP394bn net sell by foreign investors. Regional market opened in the negative territo-ry this morning, we expect mild correction for JCI to remain today with possible technical rebound on the following day. Support and resistance

levels for JCI today are 4855-4940.

Technical Market View

Global markets are down following Greek government’s decision to put a referendum (July 5th) on Euro bailout package. Meanwhile, S&P has down-graded Greece bond to junk status, given there is now a 50% chance of Greece leaving Euro.

Global Wrap

Technical analysis: trading picks

JCI 4,882.6

Global Indices

Dual Listing (NYSE)

Others

(USD) (Rp) Chg %

42.7 14,243 -0.93 -2.1TLKM

Change -0.82%

Transaction Volume (m) 6,295

Transaction Value (Rpbn) 3,954

Mkt Cap (Rptr) 4,959

Market 2015 P/E (x) 12.5

Market Div. Yield (%) 2.4%

Price Chg %

Dow Jones 17,596.4 -350.3 -2.0

Nasdaq 4,958.5 -122.0 -2.4

Nikkei 20,110.0 -596.2 -2.9

ST Times 3,280.2 -40.7 -1.2

FTSE 6,620.5 -133.2 -2.0

Hang Seng 25,967.0 -696.9 -2.6

Chg %

USD IDR 13,339 31 0.2

10 yr Indo Govr bond (%) 8.42 0.1 1.1

10 yr US govt bond (%) 2.3 0.01 0.4

Spread (%) 6.09 0.08 0.7

EIDO 22.9 -0.5 -2.0

Foreign YtD (USDmn) (1,205) -30 3

Stock Price Rating Reason

ASII

6875 Buy ASII is a long term bullish with possible upward movement for today between the range of 6600-7075.

AALI 22650 Buy

AALI remains on a midle term bullish pat-tern with the potential upside to reach its 23000 resistance level. AALI support-resistance level for today is 22400-23000

BMRI 10025 Buy With stochastic indicator to form a golden cross, we expect a technical rebound for BMRI today in the range of 9900-10200

BBNI 5250 Buy BBNI formed a black Marubozu chandle, for today BBNI potentially to move up in the range of 5075-5400

ADHI 2015 Spec Buy

ADHI remains in a long term bullish pat-tern. Stochastic oscillator indicates a po-tential golden cross. For today ADHI would move upward within the range of 1990-2080 for today.

PTPP 3525 Spec Buy

After selling pressures in the last five days, we expect PTPP to form a technical rebound within today’s trading range of 3430-3625

PT Trimegah Securities Tbk - www.trimegah.com TRIM DAILY 2

News of the Day

MIKA: Visit to Kelapa Gading’s Hospital

• Around mid of last week, we went to MIKA Hospital

in Kelapa Gading, Jakarta. The area we saw mostly

is the polyclinic service (General Physicians and

Specialists). MIKA Kelapa Gading also opens the

Polyclinic for several specialists on Sunday.

• During our visit, the waiting area for patients was

slightly crowded, as well as in the Pharmacy’s wait-

ing area. According to the Hospital staff, the Poly-

clinic is usually crowded on Saturday and Monday.

• For outgoing patients, MIKA Kelapa Gading put touch

screen facility which patients can use to get queue

number for registration and payment. The doctor we

visited has computer to input prescription, instead of

writing. Hence, patients receive print out of the

prescription from cashier in the Polyclinic payment

counter.

• MIKA is traded at 2015E/16E EV/EBITDA of

~44/38x .

Polyclinic and other services

Polyclinic and other services

Source: TRIM Research


News of the Day

Pharmacy installation (with medicine delivery service to several areas)

Touch screen used as part of registration and payment process

Source: TRIM Research Paula Ruth

([email protected])


News of the Day

Finance Minister: Estimated 1H15 budget realiza-

tion 39% of target, and total revenue around 40%

of target.

Quoted in Kompas, Finance Minister estimate budget

absoption for 1H15 will reach 39% of target. In the fi-

nancing side, tax and non tax revenue targeted to reach

40% of target during 1H15. He also mention to achieve

96% budget realization rate this year with estimated

deficit around 1.9-2.2% of GDP. Specifically for capital

spending budget, he is optimistic to reach 85% of target

(Rp 280tn) higher than 80% realization last year.

([email protected])

June inflation to pick up based on Kontan's survey

According to various economists surveyed by Kontan,

June inflation is likely around 0.6%, far higher from June

14 number of 0.43%. This is due to Lebaran and weaken-

ing Rupiah. Source: Kontan

OJK: Back-door listing regulation is not needed at

this moment

According to OJK deputy commissioner, Noor Rachman,

back-door listing regulation is not needed at this mo-

ment. Previously, OJK thought that back-door listing

needs to be regulated. Source: Bisnis Indonesia

Comment:

During a bull-market, many back-door listing schemes

are conducted in the market. Back-door listing scheme is

lesser tax and less sophisticated process compared to

IPO. ([email protected])

Automotive: Honda to release a crossover utility

vehicle, BR-V

Honda to release its latest crossover utility vehicle model

in Indonesia under the name Honda BR-V. It is a 7 seater

with price range of IDR150-300m. Its class is above

Mobilio but below HR-V. The first debut will be launched

in Gaikindo Indonesia International Auto (GIIAS) show

held in August 2015. Source: Various

Comment:

Following Honda’s success in HR-V, Honda strives to

continuously gain market share by having various new

brands catering various customer segments. Although

this may have a slight cannibalization against Honda’s

various 1500cc brands in our view. Note that Honda’s

5M15 market share is 15.0% vs 12.3% in 5M14. With

automotive plants running on low utilization rate (roughly

below 55%), automotive sector competition to remain

intense and continous price discounts to lin-

ger. ([email protected])

HMSP: Will sell additional shares to the market to

increase free float

Currently the free float is 1.08% and will have to increase

to 7.5%. HMSP management stated that they are in touch

with several investment banks to execute the deal. Source:

Kontan

WSKT: Looking for three additional toll road conces-

sion

Currently WSKT controls 7 toll road concession. Company

will likely issue bond to make up for the capex at Rp2tn.

Source: Kontan

ECII: Guides for 5% revenue growth this year

This is due to weak purchasing power. ECII will increase

asp by 25-30% for new products and products that are still

being produced by principal and maintain 19-20% gross

margin. Year to May the company has opened 4 outlets

and set to open another 3. Source: Kontan

TRAM: To conduct reverse stock split

Company will do 5:1 reverse stock split. Company will

purchase the odd lot at Rp61/share from 10-18 August.

From this corporate action, TRAM will increase its share

capital from Rp1.5tn to Rp3.89tn. Source: Kontan

BUKK: Will conduct rights issue after relisting

Will be proced at Rp590/share with book value of Rp338/

share. The rights issue will raise funds to develop nickel

smelter with 2760 tonnes pa capacity for Rp400bn. Com-

pany will spin off some subsidiaries and male BUKK into a

holding company. Source: Kontan

Lintas Marga Sedaya estimated that tariff discount

during Ramadhan will led to Rp30bn losses

This is despite potential volume surge by 50%. LMS Com-

missioner, Johaned Suryadjaya hoped that this does not

become an annual thing. Source: Kontan

INDR: To allocates USD60-70m capex this year

Indorama Synthetics (INDR IJ) allocates USD60-70m worth

of capex this year to boost production capacity by 10-15%.

Source: Bisnis Indonesia ([email protected])


News of the Day

SRIL: plans to export to 5 more countries and to

enter retail business

SRIL is to further expand its export market to at least

five more countries, to boost its revenues by a minimum

10% this year. The company currently exports 48% of

its products to around 30 countries in Asia, the Middle

East, Europe, the Netherlands, the US, and Africa. For

FY15, the company targets a 7-10% growth in sales and

an 8-15% growth in net profits. For FY16 plan, SRIL

aims to enter the retail business, expanding to down-

stream textile operations by acquiring local or global

brands. The company allocates $86mn for FY16’s CAPEX,

funding by its internal cash. Source: Jakarta Post

SRIL: To acquire European uniform company

SRIL is interested to acquire retail and garment company

from Europe with estimated value up to ~USD30mn. The

European company has retail business and also produces

uniforms for companies such as airlines, hospitals, and

fire brigade. SRIL also receives offer from retail compa-

nies in Hongkong (~25% ownership; >USD100mn) and

Singapore (up to 100%). To enter to downstream busi-

ness, the company will prepare ~USD100-200mn until

2018. Source: Bisnis Indonesia


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

Jun-1

4

Jul-

14

Jul-

14

Aug-14

Aug-14

Sep-1

4

Sep-1

4

Oct-

14

Oct-

14

Oct-

14

Nov-1

4

Nov-1

4

Dec-14

Dec-14

Jan-15

Jan-15

Feb-15

Feb-15

Mar-

15

Mar-

15

Apr-

15

Apr-

15

May-15

May-15

May-15

Jun-1

5

Jun-1

5

(%) Bond Yield US Ind 5yr Bond Yield Indo in USD

-46 -30 -22

15 9

132

-377

-290

-482

-350

32

-268

(600)

(500)

(400)

(300)

(200)

(100)

0

100

200

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

120

Jun-1

4

Jul-

14

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

(USD/ Troy oz.)(USD)

Brent Crude Oil (bbl) (LHS) Coal (mt) (LHS) Gold (RHS)

500

600

700

800

900

1,000

1,100

1,200

1,300

1,400

-

500

1,000

1,500

2,000

2,500

3,000

Jul-

14

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

(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

Jun-

14

Jul-

14

Aug-

14

Sep-

14

Oct-

14

Nov-

14

Dec-

14

Jan-

15

Feb-

15

Mar-

15

Apr-

15

May-

15

Jun-

15

(%)(X) JCI PE (LHS) Indo 10Yr Bond Yield (RHS)


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

Jul-

14

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

(USD/MT)Coal (LHS) COAL Sector (RHS)

50

55

60

65

70

75

80

85

90

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

2,500

Jun-1

4

Jul-

14

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

(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

Jun-1

4

Jul-

14

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

(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

1,400

Jun-1

4

Jul-

14

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

(USD troy oz.)(Rp) ANTM (LHS) Gold (RHS)

10,000

12,000

14,000

16,000

18,000

20,000

22,000

24,000

500

700

900

1,100

1,300

1,500

1,700

Jun-1

4

Jul-

14

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

(USD/MT)(Rp) TINS (LHS) Tin LME (RHS)

40

50

60

70

80

90

100

110

120

300

350

400

450

500

550

600

650

700

Jun-1

4

Jul-

14

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

(USD bbl)(Rp)

GIAA (LHS) Crude Oil Brent (RHS)


World Economic Calendar

Date Time Country Event Period Survey Actual Prior

6/24/2015 US MBA Mortgage Applications (%) 19-Jun -- 1.6 -5.5

US GDP Annualized QoQ (%) 1Q T -0.2 -0.2 -0.7

US Personal Consumption (%) 1Q T 1.9 2.1 1.8

US GDP Price Index (%) 1Q T -0.1 0 -0.1

US Core PCE QoQ (%) 1Q T 0.8 0.8 0.8

6/25/2015 US Personal Income (%) May 0.5 0.5 0.4

US Personal Spending (%) May 0.7 0.9 0.0

US PCE Core MoM (%) May 0.1 0.1 0.1

US Initial Jobless Claims (000's) 20-Jun 273 271 267

US Continuing Claims (000's) 13-Jun 2218 2247 2222

US Markit US Composite PMI Jun P -- 54.6 56

US Markit US Services PMI Jun P 56.5 54.8 56.2

US Bloomberg Consumer Comfort 21-Jun -- 42.6 40.9

6/26/2015 US U. of Mich. Sentiment Jun F 94.6 96.1 94.6

EC M3 Money Supply YoY (%) May 5.4 5 5.3

EC M3 3-month average (%) May 5.1 5 4.7

6/29/2015 US Pending Home Sales MoM (%) May 1.0 0.9 3.4

US Dallas Fed Manf. Activity Jun -16 -7 -20.8

EC Consumer Confidence Jun F -5.6 -5.6 -5.6

6/30/2015 US Chicago Purchasing Manager Jun 50.6 -- 46.2

US Consumer Confidence Index Jun 97.1 -- 95.4

EC Unemployment Rate (%) May 11.1 -- 11.1

EC CPI Estimate YoY (%) Jun 0.2 -- --

EC CPI Core YoY (%) Jun A 0.8 -- 0.9

7/1/2015 US MBA Mortgage Applications (%) 26-Jun -- -- 1.6

US ADP Employment Change (000's) Jun 218 -- 201

US Markit US Manufacturing PMI Jun F 53.4 -- 53.4

US Construction Spending MoM May 0.5 -- 2.2

US ISM Manufacturing Jun 53.1 -- 52.8

US ISM Prices Paid Jun 51 -- 49.5

ID CPI Core YoY Jun -- -- 5.04%

EC Markit Eurozone Manufacturing PMI Jun F 52.5 -- 52.5

CH Manufacturing PMI Jun 50.4 -- 50.2

CH HSBC China Manufacturing PMI Jun F 49.6 -- 49.6

7/2/2015 US Change in Nonfarm Payrolls Jun 230000 -- 280000

US Change in Manufact. Payrolls Jun 6000 -- 7000

US Unemployment Rate Jun 5.40% -- 5.50%

US Initial Jobless Claims 27-Jun 270000 -- 271000

US Continuing Claims 20-Jun 2.24 -- 2.25

US Bloomberg Consumer Comfort 28-Jun -- -- 42.6

US Factory Orders May -0.50% -- -0.40%

7/3/2015 ID Foreign Reserves Jun -- -- 1.11E+11

EC Markit Eurozone Services PMI Jun F 54.4 -- 54.4

EC Markit Eurozone Composite PMI Jun F 54.1 -- 54.1

EC Retail Sales MoM May 0.10% -- 0.70%

EC Retail Sales YoY May 2.30% -- 2.20%

CH HSBC China Composite PMI Jun -- -- 51.2

CH HSBC China Services PMI Jun -- -- 53.5

7/6/2015 US Markit US Composite PMI Jun F -- -- 54.6

US Markit US Services PMI Jun F -- -- 54.8

US ISM Non-Manf. Composite Jun 56.2 -- 55.7

7/7/2015 US Trade Balance May -4.17 -- -4.09

7/8/2015 US MBA Mortgage Applications 3-Jul -- -- --


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


Statistics

-0.7

-0.9

-1.0

-1.0

-2.3

-4.4

-4.6

-5.6

-14.2

-23.7

BMRI

UNVR

BBRI

TLKM

INDF

ICBP

BSDE

LPKR

DUTI

RODA19.4

11.7

4.4

4.4

2.9

2.6

1.5

1.3

0.7

0.4

BIPI

ECII

SMMA

UNTR

IMAS

MYOR

KLBF

BBTN

ASII

SCMA

197

188

135

129

112

99

89

77

70

64

- 100 200 300

BBRI

SSMS

BBCA

BMRI

TLKM

BBNI

ASII

UNVR

KLBF

PGAS

292

168

149

127

123

100

97

97

75

63

0 200 400

SIAP

BIPI

PPRO

SUGI

BWPT

SSMS

META

ASRI

TARA

BKSL

6,832

4,871

4,858

4,634

4,529

3,940

3,771

3,612

3,549

3,387

KLBF

BBRI

SSMS

BBNI

TLKM

ASII

BBCA

MIKA

UNTR

BMRI

JCI Winners (%) JCI Losers (%) JCI Value (Rpbn) JCI Volume (mn Lot) JCI Freq (x)

YTD (Rp) -6.59% 6,295

YTD (USD) 37.34% 3,954

Moving Avg 20day 4,971 4,959

Moving Avg 50day 5,150 12.5

Moving Avg 200day 5,204 2.4%

Indonesia & Sectors +/- (%)YTD (%)

MSCI Indonesia 5,741.8 -38.9 -0.7 -7.4

JII 652.8 -6.0 -0.9 -5.5

LQ45 834.9 -7.5 -0.9 -7.1

JAKFIN Index 699.9 -3.8 -0.5 -4.3

JAKINFR Index 1,038.6 -7.9 -0.8 -10.5

JAKMINE Index 1,118.3 -10.7 -1.0 -18.3

JAKCONS Index 2,149.0 -20.3 -0.9 -1.3

JAKTRAD Index 913.9 -2.2 -0.2 4.0

JAKMIND Index 1,188.2 6.1 0.5 -9.1

JAKBIND Index 422.0 -4.2 -1.0 -22.4

JAKPROP Index 497.8 -16.9 -3.3 -5.2

JAKAGRI Index 2,044.7 -40.6 -1.9 -13.0

Commodities +/- (%)YTD (%)

CRB Index 223.6 -1.3 -0.58 -2.8

Oil & Gas

Brent Crude Oil (USD/bbl) 62.0 -1.3 -1.98 8.2

Nymex Oil (USD/bbl) 58.3 -0.5 -0.83 9.4

Natural Gas 2.8 0.0 1.15 -3.3

COAL (AUS Daily) 60.5 0.3 0.42 -2.5

Industrial Metals

Aluminum (USD/tonne) 1,668.3 -5.5 -0.33 -9.0

Nickel (USD/tonne) 11,835 -615 -4.94 -21.9

Tin (USD/tonne) 14,425 -470 -3.16 -25.6

Precious Metal

Gold (USD/t oz.) 1,179.0 6.1 0.52 -0.4

Silver (USD/t oz.) 15.7 -0.1 -0.45 0.4

Soft Commodities

CPO (Malaysia - Rm/tonne) 2,278 0.0 0.00 -0.6

Rubber (JPY/kg) 1,715 -9.3 -0.54 4.5

Corn (USD/bu.) 383 -1.8 -0.45 -3.5

Wheat (USD/bu.) 581 18.3 3.25 -1.6

Soybeans (USD/bu.) 1,003 0.5 0.05 -1.6

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 1,737.6 -38.62 -2.17 1.63

SPX S&P 500 2,057.6 -43.85 -2.09 -0.06

US

17,596.4 -350.3 -1.95 -1.27

Nasdaq US 4,958.5 -122.04 -2.40 4.70

Europe

EURO 50 Europe 386.2 -10.68 -2.69 12.75

FTSE London 6,620.5 -133.22 -1.97 0.83

DAX Jerman 11,083.2 -409.2 -3.56 13.03

CAC France 4,869.8 -189.35 -3.74 13.97

SMI Swiss 8,868.4 -139.11 -1.54 -1.28

BRIC

BOVESPA Brazil 53,014.2 -1,003 -1.86 6.01

MICEX Russia 1,634.9 -9.52 -0.58 17.07

SENSEX India 27,645.2 -166.7 -0.60 0.53

NIFTY India 8,318.4 -62.7 -0.75 0.43

SHCOMP China 4,053.0 -139.84 -3.34 25.30

SZCOMP China 2,351.4 -151.55 -6.05 66.15

Nikkei Japan 20,110.0 -596.2 -2.88 15.24

TPX Japan 1,624.8 -42.21 -2.53 15.44

HSI Hong kong 25,967.0 -696.9 -2.61 10.01

KOSPI S.Korea 2,060.5 -29.77 -1.42 7.56

TAIEX Taiwan 9,236.1 -666.8 -6.73 -0.76

FSSTI Singapore 3,280.2 -40.72 -1.23 -2.53

ASEAN

SET Thailand 1,511.2 -6.84 -0.45 0.90

PCOMP Philipines 7,567.4 -54.7 -0.72 4.66

KLCI Malaysia 1,691.9 -18.55 -1.08 -3.94

VNINDEX Vietnam 591.8 10.00 1.72 8.46

Developed ASIA

Dow Jones Industrial

Kurs Region +/- (%) YT D (%)

USDEUR Euro 0.890 -0.005 -0.01 11.25

USDGBP UK 0.635 0.000 0.00 5.90

USDCHF Switzerland 0.925 -0.008 -0.01 -7.51

USDCAD Canada 1.240 0.008 0.01 3.36

USDAUD Australia 1.302 -0.004 -0.00 8.52

USDNZD New Zealand 1.460 -0.001 -0.00 12.28

USDJPY Japan 122.54 -1.310 -0.01 2.29

USDCNY China 6.21 (0.00) (0.00) 0.14

USDHKD Hongkong 7.752 -0.000 -0.00 -0.61

USDSGD Singapore 1.346 -0.004 -0.00 3.55

Rupiah Indonesia 13,339 31.0 0.00 7.68

JCI 4,882.6 (40.4) -0.8%


Historical Technical Trading Ideas (1)

Ticker Last Technical Call 24-Jun-15 Chg (%) Recommendation

JCI 4,938 Strenghtening

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


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


JCI 4985 Strenghtening

4,959 -0.52% Incorrect

BDMN 4,355 Buy

4,370 0.34% Correct

BBCA 13,700 Buy

13,725 0.18% Correct

CPIN 3,050 Buy


UNTR 20,225 Buy

20,125 -0.49% Incorrect

ASII 7,050 Buy


ADHI 2,095 Buy

2,180 4.06% Incorrect


JCI 4945.5 Rebound

4,985 0.80% Correct

ICBP 13,150 Buy

12,950 -1.52% Incorrect

BDMN 4,065 Buy

4,355 7.13% Correct

BWPT 372 Buy

372 0.00% Correct

RALS 700 Buy

705 0.71% Correct

ASII 7,025 Buy

7,050 0.36% Correct

ERAA 550 Spec Buy



JCI 4945 Strenghtening

4,945 0.01% Correct

UNVR 40,925 Buy

41,500 1.41% Correct

BDMN 4,065 Buy

4,065 0.00% Correct

BBNI 5,650 Buy


MNCN 1,975 Buy

2,000 1.27% Correct

GZCO 83 Buy

85 2.41% Correct

ADHI 2,120 Spec Buy





JCI 4872.6 Rebound

4,946 1.50% Correct

ADRO 780 Buy

805 3.21% Correct

AALI 22,900 Buy

22,500 -1.75% Incorrect

BBRI 10,550 Buy

11,000 4.27% Correct

BBNI 5,500 Buy

5,650 2.73% Correct

LSIP 1,610 Buy


GIAA 444 Sell

448 0.90% Incorrect


JCI 4837.8 Continues Weakening

4,873 0.72% Correct

UNTR 20,200 Buy

20,200 0.00% Correct

GGRM 43,500 Buy

44,275 1.78% Correct

JSMR 6,000 Buy


LSIP 1,610 Buy

1,610 0.00% Correct

BWPT 391 Sell

371 -5.12% Correct

PWON 389 Sell

402 3.34% Incorrect


JCI 4935.8 Profit Taking

4,838 -1.99% Correct

UNTR 20,500 Buy

20,200 -1.46% Incorrect

LSIP 1,655 Buy


AALI 23,200 Buy

22,475 -3.13% Incorrect

ASII 7,075 Sell

6,850 -3.18% Correct

ITMG 13,100 Sell

13,100 0.00% Correct

PWON 410 Sell

389 -5.12% Correct


JCI 4928.8 Reebound

4,936 0.14% Correct

BBCA 13,320 Buy

13,250 -0.53% Incorrect

BBNI 5,575 Buy

5,625 0.90% Correct

ICBP 13,400 Buy

13,350 -0.37% Incorrect

JSMR 6,325 Buy


TLKM 2,870 Buy


SMGR 12,650 Buy

12,525 -0.99% Incorrect


JCI 4933.5 Profit Taking

4,929 -0.10% Correct

AALI 23,925 Buy

23,725 -0.84% Incorrect

LSIP 1,690 Buy

1,695 0.30% Correct

BBNI 5,750 Buy


BBRI 10,400 Buy

10,125 -2.64% Incorrect

SMGR 12,825 Buy

12,650 -1.36% Incorrect

TLKM 2,860 Buy

2,870 0.35% Correct




JCI 4899.9 Reebound

4,934 0.69% Correct

PWON 384 Buy

400 4.17% Correct

BBRI 10,475 Buy

10,400 -0.72% Incorrect

PGAS 4,190 Buy

4,200 0.24% Correct

BBNI 5,800 Strong Buy


SMRA 1,680 Strong Buy

1,700 1.19% Correct

BWPT 398 Trading Buy

416 4.52% Correct


JCI 5,015 Cont'd Weakening

4,900 -2.29% Correct

PTBA 9,425 Spec Buy


PWON 388 Spec Buy


PGAS 4,295 Spec Buy


BBRI 11,000 Spec Buy

10,475 -4.77% Incorrect

SRIL 344 Trading Buy


ENRG 63 Trading Buy

62 -1.59% Incorrect



5,015 -1.59% Correct

UNTR 22,200 Buy

21,850 -1.58% Incorrect

BBCA 13,650 Buy

13,575 -0.55% Incorrect

ICBP 13,450 Buy

12,975 -3.53% Incorrect

GGRM 45,200 Buy

45,200 0.00% Correct

BBTN 1,150 Buy


BBRI 11,300 Buy

11,000 -2.65% Incorrect




UNTR 21,700 Buy

22,200 2.30% Correct

TLKM 2,825 Buy

2,855 1.06% Correct

BBNI 6,200 Buy

6,225 0.40% Correct

PTPP 3,980 Buy

3,950 -0.75% Correct

PWON 416 Buy




5,096 -0.68% Correct

UNTR 21,550 Buy

21,700 0.70% Correct

INCO 3,155 Buy


BBRI 11,200 Buy

11,125 -0.67% Incorrect

BBNI 6,375 Buy


ADHI 2,460 Buy


WIKA 3,125 Buy

3,125 0.00% Correct





5,130 -1.60% Correct

SMGR 13,450 Buy

13,300 -1.12% Incorrect

GGRM 47,100 Buy

46,000 -2.34% Incorrect

BBRI 11,775 Buy

11,250 -4.46% Incorrect

ADHI 2,505 Buy


TBIG 9,425 Buy


PGAS 4,295 Sell




5,214 -0.05% Correct

SMGR 13,450 Buy

13,475 0.19% Correct

GGRM 47,100 Buy

47,000 -0.21% Incorrect

BBRI 11,775 Buy

11,725 -0.42% Incorrect

ADHI 2,505 Buy


TBIG 9,425 Buy


PGAS 4,295 Sell

4,315 0.47% Correct

Ticker Last Technical Call 29-May-15 Chg (%) Recommendation

JCI 5,237 Reebound


SMGR 13,350 Buy

13,450 0.75% Correct

BBNI 6,900 Buy


BBRI 11,825 Buy

11,775 -0.42% Incorrect

ASRI 615 Buy


ADHI 2,600 Spec Buy


PTPP 4,025 Spec Buy




5,237 -0.31% Correct

KLBF 1,740 Buy

1,755 0.86% Correct

ADRO 895 Buy

900 0.56% Correct

ANTM 820 Buy


AALI 26,825 Buy

26,225 -2.24% Incorrect

BBRI 11,950 Buy

11,825 -1.05% Incorrect

WIKA 3,175 Sell

3,155 -0.63% Correct



5,253 -1.27% Correct

UNVR 45,725 Buy

44,500 -2.68% Incorrect

TLKM 2,870 Buy


PGAS 4,360 Buy


SMGR 13,250 Buy

13,175 -0.57% Incorrect

SMRA 1,995 Buy


CPIN 3,365 Buy



Research Team

Sebastian Tobing, CFA

Head of Research & Institutional Business

([email protected])

Gina Novrina Nasution, CSA

Technical Analyst

([email protected])

Paula Ruth

Equity Analyst

([email protected])

Angga Aditya Assaf

Equity Analyst

([email protected])

Willinoy Sitorus

Equity Analyst

([email protected])

M. Dian Octiana

Equity Analyst

([email protected])

Wisnu Budhiargo

Equity Analyst

([email protected])

Tim Alamsyah

Equity Analyst

([email protected])

Dini Agmivia Anggraeni

Fixed Income/Macro Analyst

([email protected])

Yeni Simanjuntak

On-the-ground 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])

Meitawati


([email protected])

Fachruly Fiater


([email protected])

Henry Sidarta


([email protected])

Raditya Andyono


([email protected])

Nancy Pardede


([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])

Ferry Zabur

Kelapa Gading, Jakarta

([email protected])

Eddy Sumarli

Puri Kencana, Jakarta

([email protected])

Very Wijaya

BSD, Tangerang

([email protected])

SUMATERA

Juliana Effendy

Medan, Sumatera Utara

([email protected])

Tantie Rivi Watie

Pekanbaru, Riau

([email protected])

Nathanael Benny Prasetyo

Palembang, Sumatera Selatan

([email protected])

EAST INDONESIA

Sonny Muljadi

Surabaya, Jawa Timur

([email protected]

Ni Made Dwi Hapsari Wijayanti

Denpasar, Bali

([email protected])

Ivan Jaka Perdana

Malang, Jawa Timur

([email protected])

Arifin Pribadi

Makasar, Sulawesi Selatan

([email protected])

CENTRAL JAVA, AREA

Agus Bambang Suseno

Solo, Jawa Tengah

([email protected])

Mariana Kusuma Wati

Semarang, Jawa Tengah

[email protected])

WEST JAVA

Asep Saepudin

Bandung, Jawa Barat

([email protected])

Ariffianto

Cirebon, Jawa Barat

([email protected])

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.

TRIM Daily2015/06/30 · TRIM Daily TRIM Highlights Jun 30, 2015 Jakarta Composite Index (JCI) down...

Documents

Transcript of TRIM Daily2015/06/30 · TRIM Daily TRIM Highlights Jun 30, 2015 Jakarta Composite Index (JCI) down...