Volume JCI Index - Sinarmas Sekuritas...2020/02/26 · World Equity Indices Source: Bloomberg,...
Transcript of Volume JCI Index - Sinarmas Sekuritas...2020/02/26 · World Equity Indices Source: Bloomberg,...
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Today’s Market:
IHSG diperkirakan bergerak mixed dengan kecenderungan
melemah. Bursa AS ditutup melemah pada perdagangan
Selasa (25/02). Harga batubara stabil di level USD 67,90
per Mt. Crude oil turun ke level USD 50,23 per barrel. Ru-
piah melemah terhadap Dollar AS di level Rp 13.885. 10Yr
Government Bonds Yield stabil di level 6,55%.
Dari dalam negeri, pemerintah memutuskan memberikan
stimulus berupa insentif transportasi kepariwisataan. Dis-
kon berkisar 40-50% dari tarif riil yang berlaku untuk 25%
dari total kursi yang tersedia dari tiap penerbangan.
Sehubungan dengan emiten, United Tractors (UNTR) men-
catatkan penjualan alat berat Komatsu sepanjang 2019
sebesar 2,926 units (-40% YoY). Penjualan bulan Januari
2020 sebesar 250 units (-46% YoY).
Sehubungan dengan emiten, Acset Indonusa (ACST) men-
catat pendapatan sepanjang 2019 sebesar Rp 3,95 tn
(+5,9% YoY). Rugi tercatat sebesar Rp 1,14 tn (vs laba Rp
4,83 bn pada 2018).
Sehubungan dengan emiten, Siloam International Hospi-
tals (SILO) melepas 5% sahamnya kepada perusahaan
asal Jepang, Marubeni Corporation.
Secara teknikal indeks hari Rabu (26/02), IHSG diprediksi
bergerak di kisaran 5730-5815.
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
Wednesday, February 26, 2020
ID X Stat ist ics C lo sing
JCI 5,787.14
Transaction Value Regular M arket (IDR tn) 4.449
Transaction Volume Regular M arket (mn shares) 3,950
Foreign Net Buy (Sell) (IDR bn) (847)
Foreign Net Buy (Sell) (0.14)
Total M arket Capitalization (IDR tn) 6,718.43
LQ45 941.68 0.02 (7.18)
EIDO 22.87 (0.87) (10.87)
IDX 20.11 (0.35) (11.10)
DOW JONES 27,081.36 (3.15) (5.11)
S&P 500 3,128.21 (3.03) (3.17)
NASDAQ 8,965.61 (2.77) (0.08)
FTSE 7,017.88 (1.94) (6.95)
NIKKEI 22,605.41 (3.34) (4.44)
HANG SENG 26,893.23 0.27 (4.60)
STRAITS TIM ES 3,158.24 0.51 (2.00)
KLSE 1,500.88 0.73 (5.53)
USD/IDR 13,885.00 0.12 0.14
EUR/IDR 15,095.04 0.28 (3.05)
JPY/IDR 126.16 0.57 (1.41)
SGD/IDR 9,930.00 (0.15) (3.96)
AUD/IDR 9,155.15 (0.13) (6.16)
GBP/IDR 18,049.46 0.69 (0.96)
Crude Oil (USD/barrel) 50.23 7:51:49 AM (17.74)
Coal (USD/mn tons) 67.90 2/25/2020 0.30
Natural Gas (USD/mmBtu) 1.84 7:19:03 AM (15.99)
Gold (USD/ounce) 1,641.89 8:01:52 AM 8.16
Nickel (USD/mn tons) 12,545.00 8:01:52 AM (10.52)
Tins (USD/mn tons) 16,750.00 8:01:51 AM (2.47)
CPO (M YR/mn tons) 2,480.00 2/25/2020 (18.45)
Rubber (JPY/kg) 178.10 6:45:01 AM 0.45
Wheat (USD/bushel) 539.00 2/25/2020 (3.53)
Corn (USD/bushel) 372.50 2/25/2020 (3.93)
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 (%)
IHSG turun sebanyak 19.9 poin (0.34%) ke level 5787.14.
Sementara LQ45 naik sebanyak 0.2 poin (0.02%) ke level
941.68. Foreign net sell sebesar Rp 846.53 miliar.
0
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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
Menteri Koordinator Bidang Kemaritiman dan Investasi Luhut B Pandjaitan mengungkapkan, Presiden Joko Widodo (Jokowi) dan Presiden Amerika Serikat (AS) Donald Trump akan bertemu dalam waktu dekat, di antaranya untuk membahas investasi di ibu kota negara (IKN) baru di Kalimantan Timur (Kaltim). Source: Investor Daily Pemerintah memutuskan memberikan stimulus berupa insentif transportasi kepariwisataan yang telah disetujui Ke-menterian Keuangan dan telah disepakati sesuai hasil Rapat Terbatas hari ini Selasa di Jakarta yang dipimpin lang-sung oleh Presiden Joko Widodo terkait larangan penerbangan akibat penyebaran virus Corona COVID 19. Stimulus ini berupa insentif yang diberikan terhadap tarif penerbangan menuju ke daerah pariwisata yaitu Batam, Denpasar, Yogyakarta, Labuan Bajo, Lombok, Malang, Manado, Toba(Silangit), Tanjung Pandan dan Tanjung Pinang selama tiga bulan. Source: IQPlus Perusahaan Listrik Negara wajib mengumumkan adanya penyesuaian tarif (tariff adjustment) tenaga listrik kepada konsumen paling lambat 1 bulan sebelum pelaksanaannya. Ketentuan itu tertuang dalam Peraturan Menteri ESDM No. 3 Tahun 2020 tentang Perubahan Keempat atas Peraturan Menteri ESDM No. 28 Tahun 2016 tentang Tarif Tena-ga Listrik yang disediakan oleh PT Perusahaan Listrik Negara (Persero). Source: Bisnis indonesia Pertamina (Persero) meminta insentif untuk bisnis hulu migasnya agar dapat menekan harga gas hulu menjadi han-ya US$ 4,5 per juta british thermal unit (million british thermal unit/mmbtu). Source: Investor Daily Marubeni Corporation dan Lippo Karawaci (LPKR) mengumumkan kemitraan strategis. Marubeni memiliki 5% saham Siloam International Hospitals (SILO). Source: Kontan Multi Bintang Indonesia (MLBI) mencatatkan penjualan sepanjang 2019 sebesar Rp 3,71 tn (+3,9% YoY), dan laba bersih Rp 1,2 tn (-1,6% YoY). Source: Kontan Urban Jakarta Propertindo (URBN) akan mengakuisisi 51% saham PT Jakarta River City dari PT Ciptaruang Persada Property (CPP). Source: Investor Daily Siloam International Hospitals (SILO) melepas 5% sahamnya kepada perusahaan asal Jepang, Marubeni Corpora-tion. Source: Bisnis Indonesia
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
3
World Equity Indices
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
WOR LD EQUIT Y IN D IC ES
N O T IC KER
1 INDU Index 29,568.57 24,680.57 (1,457.08) (5.11) 19.20 17.16 4.03 3.87 8,087.80 8,087.80
2 SPX Index 3,393.52 2,722.27 (102.57) (3.17) 20.64 18.02 3.46 3.22 27,774.08 27,774.08
3 CCM P Index 9,838.37 7,292.21 (6.99) (0.08) 34.28 24.32 4.70 3.57 14,272.62 14,272.62
4 SPTSX Index 17,970.51 15,891.94 113.94 0.67 17.28 15.57 1.86 1.68 2,681.00 2,019.89
5 M EXBOL Index 45,955.41 38,265.51 (495.34) (1.14) 16.54 14.10 2.10 1.85 5,427.20 284.66
6 SX5E Index 3,867.28 3,239.20 (172.64) (4.61) 19.36 13.88 1.68 1.58 3,134.55 3,411.34
7 UKX Index 7,727.49 7,004.43 (524.56) (6.95) 18.94 12.81 1.70 1.61 1,873.79 2,438.17
8 CAC Index 6,111.41 5,152.30 (298.38) (4.99) 21.09 14.20 1.63 1.54 1,742.06 1,895.89
9 DAX Index 13,795.24 11,266.48 (458.52) (3.46) 23.96 13.88 1.57 1.49 1,183.74 1,288.27
10 IBEX Index 10,100.20 8,409.20 (298.40) (3.12) 20.06 12.19 1.35 1.23 581.35 632.68
11 FTSEM IB Index 25,483.05 19,535.50 (415.93) (1.77) 15.28 11.48 1.16 1.10 516.81 562.44
12 AEX Index 632.12 528.68 (21.87) (3.62) 19.77 16.12 1.89 1.84 781.89 850.93
13 SM I Index 11,270.00 9,228.86 (138.43) (1.30) 22.10 16.54 2.66 2.50 1,256.46 1,288.28
14 AS51 Index 7,197.20 6,096.80 40.02 0.60 20.19 17.97 2.15 2.07 2,066.47 1,364.70
15 AS30 Index 7,289.70 6,181.10 5.40 0.08 20.47 17.86 2.10 2.05 2,246.45 1,483.56
16 SHSZ300 Index 4,223.51 3,556.26 27.27 0.67 14.73 12.04 1.88 1.63 32,927.71 4,694.84
17 SHASHR Index 3,444.44 2,814.01 (38.54) (1.21) 14.52 11.02 1.47 1.27 34,763.48 4,956.58
18 SZASHR Index 2,035.92 1,524.76 230.91 12.81 40.78 19.11 2.85 2.80 26,862.69 3,830.09
19 HSI Index 30,280.12 24,899.93 (1,296.52) (4.60) 11.08 10.38 1.18 1.09 17,713.45 2,273.87
20 HSCEI Index 11,881.68 9,731.89 (588.14) (5.27) 8.53 8.12 1.12 1.01 12,976.76 1,665.82
21 SENSEX Index 42,273.87 35,714.16 (972.54) (2.36) 24.65 21.73 3.15 3.05 74,959.33 1,043.38
22 NIFTY Index 12,430.50 10,637.15 (370.55) (3.05) 23.07 20.87 2.87 2.77 87,906.77 1,223.59
23 JCI Index 6,636.33 5,752.34 (512.40) (8.13) 17.80 13.76 1.66 1.92 6,718,428.58 481.30
24 LQ45 Index 1,059.65 888.02 (72.80) (7.18) 15.68 13.84 2.25 2.08 4,345,045.54 311.27
25 KSE100 Index 43,468.22 28,670.98 (1,876.63) (4.61) 9.10 6.41 1.19 1.04 6,215.59 40.29
26 NKY Index 24,115.95 20,110.76 (1,341.14) (5.67) 19.68 17.54 1.66 1.62 370,662.34 3,368.74
27 NEY Index 356.77 298.20 (19.88) (5.68) 13.74 13.32 1.08 1.05 435,775.92 3,960.52
28 TPX Index 1,747.20 1,462.41 (122.14) (7.10) 14.92 13.98 1.13 1.13 615,451.75 5,593.49
29 FBM KLCI Index 1,726.00 1,481.46 (87.88) (5.53) 16.62 15.07 1.51 1.40 967.63 228.51
30 NZSE Index 2,019.39 1,605.93 10.80 0.56 27.99 27.24 2.32 2.37 160.48 101.57
31 PCOM P Index 8,419.59 7,129.19 (627.82) (8.03) 15.71 14.24 1.82 1.62 8,940.81 175.09
32 FSSTI Index 3,415.18 3,040.16 (64.59) (2.00) 11.67 12.98 1.06 1.05 556.61 397.75
33 KOSPI Index 2,277.23 1,891.81 (125.11) (5.69) 18.40 11.52 0.81 0.85 1,361,061.44 1,119.44
34 TWSE Index 12,197.64 10,180.04 (456.91) (3.81) 18.26 15.47 1.72 1.79 34,858.92 1,147.85
35 SET Index 1,748.15 1,416.40 (140.74) (8.91) 16.59 14.95 1.53 1.53 15,444.99 486.82
36 SET50 Index 1,164.72 952.09 (100.58) (9.41) 16.29 15.37 1.77 1.62 10,845.34 341.84
37 VNINDEX Index 1,028.97 891.85 (51.32) (5.34) 14.16 12.92 2.10 2.11 3,114,359.70 133.86
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
Source: Bloomberg, Sinarmas Investment Research
www.sinarmassekuritas.co.id See important disclaimer at the end of this report
LQ45 Index
HIGH LOW POINT %Trailing
12M2020E
Trailing
12M2020E
1 ADRO IJ 1,285 1,715 1,010 (270) (17.36) 5.80 11.58 0.77 0.77 41,101,961
2 AKRA IJ 2,990 5,800 2,920 (960) (24.30) 16.61 13.93 1.46 1.41 12,003,938
3 ANTM IJ 685 1,175 660 (155) (18.45) 20.46 17.65 0.83 0.81 16,461,074
4 ASII IJ 6,100 8,025 5,925 (825) (11.91) 12.06 10.33 1.73 #N/A N/A 246,949,674
5 BBCA IJ 32,625 35,300 25,700 (800) (2.39) 28.16 24.09 4.62 #N/A N/A 804,369,701
6 BBNI IJ 7,575 10,250 6,650 (275) (3.50) 9.18 8.54 1.15 #N/A N/A 141,263,573
7 BBRI IJ 4,490 4,760 3,660 90 2.05 15.98 13.63 2.66 #N/A N/A 553,822,687
8 BBTN IJ 1,820 2,750 1,675 (300) (14.15) 93.45 9.27 0.81 #N/A N/A 19,273,800
9 BMRI IJ 7,775 8,175 6,275 100 1.30 13.20 11.87 1.77 #N/A N/A 362,833,333
10 BRPT IJ 1,110 1,525 564 (400) (26.49) 554.26 40.02 5.98 1.25 98,808,370
11 BSDE IJ 1,085 1,580 1,060 (170) (13.55) 6.86 12.06 0.72 0.73 20,882,665
12 BTPS IJ 4,250 5,125 2,050 0 0.00 32.69 24.95 8.19 6.25 32,740,725
13 CPIN IJ 6,450 8,000 4,190 (50) (0.77) 29.06 30.78 5.29 4.97 105,767,100
14 CTRA IJ 940 1,335 855 (100) (9.62) 17.24 15.86 1.19 1.15 17,446,685
15 ERAA IJ 1,740 2,260 965 (55) (3.06) 15.61 18.71 1.18 1.09 5,550,600
16 EXCL IJ 2,520 3,730 2,310 (630) (20.00) 38.00 #N/A N/A 1.41 #N/A N/A 26,933,660
17 GGRM IJ 55,250 100,975 49,175 2,250 4.25 11.46 12.10 2.24 #N/A N/A 106,305,862
18 HMSP IJ 1,905 4,030 1,900 (195) (9.29) 15.81 16.88 6.94 #N/A N/A 221,585,936
19 ICBP IJ 11,025 12,550 8,950 (125) (1.12) 25.82 22.67 5.37 #N/A N/A 128,572,536
20 INCO IJ 3,010 4,320 2,410 (630) (17.31) 37.37 24.11 1.14 1.03 29,908,380
21 INDF IJ 7,200 8,300 5,850 (725) (9.15) 12.95 12.06 1.74 #N/A N/A 63,219,071
22 ACES IJ 1,510 1,920 1,395 15 1.00 25.97 23.31 5.78 #N/A N/A 25,896,500
23 INKP IJ 6,100 12,425 5,325 (1,600) (20.78) 7.76 - 0.61 - 33,372,996
24 INTP IJ 15,900 22,875 15,250 (3,125) (16.43) 34.35 32.26 2.62 #N/A N/A 58,531,584
25 ITMG IJ 10,650 24,475 9,800 (825) (7.19) 6.52 8.00 0.95 0.97 12,033,701
26 JPFA IJ 1,525 2,430 1,280 (10) (0.65) 11.57 11.50 1.78 1.66 17,883,027
27 JSMR IJ 4,960 6,450 4,500 (215) (4.15) 18.62 20.12 1.99 #N/A N/A 35,999,041
28 KLBF IJ 1,355 1,690 1,260 (265) (16.36) 24.73 22.79 4.15 #N/A N/A 63,515,790
29 LPPF IJ 3,300 6,025 2,940 (910) (21.62) 11.87 6.35 5.17 #N/A N/A 9,256,115
30 TBIG IJ 1,180 1,365 608 (50) (4.07) 37.32 #N/A N/A 7.19 #N/A N/A 26,735,259
31 MNCN IJ 1,355 1,780 725 (275) (16.87) 7.61 #N/A N/A 1.52 #N/A N/A 19,344,120
32 PGAS IJ 1,480 2,690 1,445 (690) (31.80) 11.98 #N/A N/A 1.00 0.97 35,877,432
33 PTBA IJ 2,350 4,260 2,110 (310) (11.65) 5.98 6.85 1.52 1.46 27,073,549
34 PTPP IJ 1,335 2,550 1,330 (250) (15.77) 7.08 #N/A N/A 0.64 #N/A N/A 8,276,863
35 PWON IJ 540 815 510 (30) (5.26) 8.93 11.50 1.80 1.80 26,006,185
36 SCMA IJ 1,205 1,870 1,080 (205) (14.54) 14.42 13.59 3.40 3.48 17,803,480
37 SMGR IJ 11,250 14,450 10,075 (750) (6.25) 29.20 22.88 2.14 #N/A N/A 66,729,600
38 SRIL IJ 210 372 208 (50) (19.23) 3.54 3.03 0.53 - 4,294,957
39 TKIM IJ 7,325 13,475 5,575 (2,950) (28.71) 10.94 - 1.20 - 22,804,363
40 TLKM IJ 3,640 4,500 3,431 (330) (8.31) 17.80 16.57 3.62 #N/A N/A 360,586,468
41 TOWR IJ 865 900 600 60 7.45 21.19 16.82 5.15 #N/A N/A 44,127,651
42 UNTR IJ 17,900 28,900 17,225 (3,625) (16.84) 6.24 7.44 1.20 #N/A N/A 66,769,419
43 UNTR IJ 17,900 28,900 17,225 (3,625) (16.84) 6.24 7.44 1.20 #N/A N/A 66,769,419
44 WIKA IJ 1,970 2,500 1,710 (20) (1.01) 7.94 #N/A N/A 1.12 #N/A N/A 17,670,804
45 WSKT IJ 1,075 2,230 1,075 (410) (27.61) 10.52 #N/A N/A 0.80 #N/A N/A 14,591,997
MARKET CAP
(Mn)LQ45 Index
CHANGE YTD PER (x) PBV (x)
24-Feb-20
52-WEEK
5
Macro data
Source: Bloomberg, Sinarmas Investment Research
D escript io n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%)
Property (0.20) (3.38) (6.32) (12.01)
Basic Industry (2.86) (5.47) (14.90) (15.43)
Trade (0.01) (2.02) (7.07) (10.53)
Finance 0.03 (1.02) (4.13) (2.44)
M iscellaneous Industry 1.76 1.37 (9.94) (10.66)
Consumer (0.56) (1.82) (9.20) (8.73)
Infrastructure (0.27) (0.98) (8.67) (11.75)
Agriculture 0.28 (3.18) (8.66) (17.70)
M ining (0.43) 0.09 (3.46) (7.91)
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 13,885.00 - (1.94) (0.14)
USD/CNY 7.01 0.23 (1.46) (0.72)
USD/EUR 0.92 0.11 1.38 3.15
USD/JPY 110.24 (0.04) (1.22) (1.48)
USD/SGD 1.40 (0.11) (3.04) (3.88)
USD/AUD 1.52 0.13 2.54 6.43
USD/GBP 0.77 0.04 0.44 1.99
( in %)
5.42
0.85
1.46
5.69
6.55
7.06
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
Indonesia 10-Year Government Bonds Yield
Indonesia 15-Year Government Bonds Yield
Lending and D epo sit R ates
JIBOR (in IDR)
LIBOR (in GBP)
SIBOR ( in USD)
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Technical Corner
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JCI : MIXED MELEMAH
Last price : 5.787
Support : 5.767, 5.730
Resistance : 5.815, 5.843
JCI pada hari ini kami perkirakan akan bergerak MIXED MELEMAH dengan range 5.730 - 5.815. JCI
breakdown Support 5.815, berpeluang menguji Support 5.767 dan 5.730. Namun, jika JCI bertahan diatas
Resistance 5.815 ,berpeluang mencoba Resistance 5.767 dan 5.730. Indikator Stoc osc dan MACD masih
membentuk pola Downtrend.
Jakarta Composite Index (JCI)
Summary of portfolio:
Stock Recommendation Comment
DMAS HOLD Entry point 274 (25/2) sudah tercapai. DMAS bertahan pada Support 274,berpeluang menguji 270 dan 266, Namun, jika DMAS berhasil break diatas
280, akan mencoba Resistance 286 dan 290.
HMSP BUY ON WEAKNESS HMSP bertahan pada Support 1.860, berpeluang mencoba Resistance 1.900dan 1.940, Namun, jika HMSP gagal bertahan diatas 1.860, akan menguji
Support 1.840 dan 1.800.
BMRI HOLD BMRI bertahan pada Resistance 7.800, berpeluang mencoba Resistance 7.900dan 7.975.
ADRO HOLD ADRO bertahan diatas Support 1.265, berpeluang mencoba Resistance 1.300dan 1.320. Namun, jika ADRO gagal bertahan diatas 1.265, akan kembali
menguji Support 1.245 dan 1.235.
DMAS : HOLD
Last price : 274Target price : 296 (8.0%)Stop loss : 260 (-5.1%)
Entry point 274 (25/2) sudah tercapai. DMAS bertahan pada Support 274, berpeluang menguji 270 dan 266, Namun,jika DMAS berhasil break diatas 280, akan mencoba Resistance 286 dan 290. Indikator macd dan stoc osc masihmengindikasikan pola Downtrend. Candle chart membentuk pola black spinning top.
HMSP : BUY ON WEAKNESS
Last price : 1.860Target price : 1.940 (5.4%)Entry point : 1.840Stop loss : 1.800 (-2.2%)
HMSP bertahan pada Support 1.860, berpeluang mencoba Resistance 1.900 dan 1.940, Namun, jika HMSP gagalbertahan diatas 1.860, akan menguji Support 1.840 dan 1.800. HMSP dilihat dari Indikator MACD dan Stoc oscmengindikasikan pola Oversold.
Support : 270, 266Resistance : 280, 286
Support : 1.840, 1.800Resistance : 1.900, 1.940
H.M Sampoerna Tbk (HMSP)
Puredelta Lestari Tbk ( DMAS )
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Bank Mandiri (Persero)Tbk (BMRI)
Adaro Energy Tbk (ADRO)
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BMRI : HOLD
Last price : 7.800Target price : 8.125 (4.2%)Stop loss : 7.600 (-2.6%)
BMRI bertahan pada Resistance 7.800, berpeluang mencoba Resistance 7.900 dan 7.975. Namun, jika BMRI gagalbertahan diatas 7.800, akan menguji Support 7.750 dan 7.675. BMRI dilihat dari Indikator MACD dan indikator Stocosc mengindikasikan pola Downtrend. Candle chart membentuk pola White spinning top.
ADRO : HOLD
Last price : 1.285Target price : 1.385 (4.9%)Stop loss : 1.265 (-4.2%)
ADRO bertahan diatas Support 1.265, berpeluang mencoba Resistance 1.300 dan 1.320. Namun, jika ADRO gagalbertahan diatas 1.265, akan kembali menguji Support 1.245 dan 1.235. Indikator MACD dan Stoc osc mengindikasikanpola Downtrend.
Support : 7.750, 7.675Resistance : 7.900, 7.975
Support : 1.245, 1.235Resistance : 1.300, 1.320
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Jl. M. H. Thamrin no. 51
Tel: +62 21 392 5550
Fax: +62 21 392 5540
www.sinarmassekuritas.co.id
Equity Research Team
HEAD OF RESEARCH
Evan Lie Hadiwidjaja
Banking, Automotive
Tel: +62 21 3925550 Ext: 615
DEPUTY HEAD OF RESEARCH
Wilbert
Consumer Goods, Plantation, Pulp and Paper
Tel: +62 21 3925550 Ext: 611
EQUITY ANALYST
Richard Suherman
Commodities
Tel: +62 21 3925550 Ext: 610
EQUITY ANALYST
Richardson Raymond
Property, Industrial Estate
Tel: +62 21 3925550 Ext: 159
EQUITY ANALYST
Paulina
Retail, Cement, Digital
Tel: +62 21 3925550 Ext: 610
EQUITY ANALYST
Anthony Angkawijaya
Construction, Infrastructure, Petrochemical
Tel: +62 21 3925550 Ext: 611
TECHNICAL ANALYST
Eddy Wijaya
Tel: +62 21 3925550 Ext: 159
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.