After June As Expected Rally On Wave 3, July Bullish Momentum Risk By Bad Astrocycles
IHSG closing bulan Juli bentuk candle Doji (sesuai dengan prediksi CTA Juli momentum kenaikan IHSG akan dibayangi oleh Bad Astroycle).
Fed Readies First Interest-Rate Cut
(link: https://www.wsj.com/articles/fed-readies-first-interest-rate-cut-since-2008-11564563601?redirect=amp#click=https://t.co/sLz7Wxw5w6) Gold on track for gain (link: https://www.cnbc.com/2019/07/31/gold-markets-us-federal-reserve-in-focus.html) Pound Plunge May Test Johnson’s ‘Pain Threshold (link: https://m.investing.com/news/forex-news/pound-plunge-may-test-johnsons-pain-threshold-commerzbank-1940222) CTA see Fed cut 25 bsp & less dovish to sell on rally Gold GBP
Terbukti prediksi CTA IHSG (+ blue chip) TP 6.458
to 6.290
. Join member CTA di W.S CTASaham Jakarta 25/8.
Laju PertumbuhanTersendat, Laba Emiten Bursa Saham Mengecewakan
https://www.indopremier.com/ipotnews/newsDetail.php?jdl=Laju_PertumbuhanTersendat__Laba_Emiten_Bursa_Saham_Mengecewakan&news_id=108062&group_news=IPOTNEWS&taging_subtype=MARKETOVERVIEW&name=&search=y_general&q=ihsg,%20bursa%20saham,%20MSCI%20asia%20pasifik,%20BEI&halaman=1
Laba Melesat 27%, Ini Alasan Asing Borong Saham Telkom
https://www.cnbcindonesia.com/market/20190731125620-17-88849/laba-melesat-27-ini-alasan-asing-borong-saham-telkom
Ternyata, investor asing lebih banyak membeli saham BCA (BBCA) di pasar negosiasi
https://investasi.kontan.co.id/news/investor-asing-lebih-banyak-membeli-saham-bca-bbca-di-pasar-negosiasi
Kinerja tak memuaskan, cermati PER, EPS dan PBV emiten Grup Astra (30 Juli 2019)
https://investasi.kontan.co.id/news/kinerja-tak-memuaskan-cermati-per-eps-dan-pbv-emiten-grup-astra-30-juli-2019
Trump "Ancam" China (Lagi) & Dag Dig Dug Kebijakan The Fed
https://www.cnbcindonesia.com/market/20190731063438-17-88735/trump-ancam-china--lagi--dag-dig-dug-kebijakan-the-fed
Top 5 Investasi Favorit Asing di Indonesia Pada Triwulan II
https://www.cnbcindonesia.com/news/20190730211830-16-88725/top-5-investasi-favorit-asing-di-indonesia-pada-triwulan-ii
Inflasi Juli Diramal 'Jinak', Bisakah BI Turunkan Bunga Lagi?
https://www.cnbcindonesia.com/market/20190731110154-17-88793/inflasi-juli-diramal-jinak-bisakah-bi-turunkan-bunga-lagi
Jika The Fed Pangkas Bunga, Wall Street Bisa Meroket 20%!
https://www.cnbcindonesia.com/market/20190731142811-17-88876/jika-the-fed-pangkas-bunga-wall-street-bisa-meroket-20
The Fed Umumkan Suku Bunga, Ini Skenario Untuk Harga Emas
https://www.cnbcindonesia.com/market/20190731135633-17-88867/the-fed-umumkan-suku-bunga-ini-skenario-untuk-harga-emas
Sah! 7 Hari Beruntun Harga Batu Bara Terus Melemah
https://www.cnbcindonesia.com/market/20190731101937-17-88776/sah-7-hari-beruntun-harga-batu-bara-terus-melemah
Wow! Harga CPO Katanya Bisa Naik Sampai Rp 7,48 Juta/ton
https://www.cnbcindonesia.com/market/20190731111628-17-88800/wow-harga-cpo-katanya-bisa-naik-sampai-rp-748-juta-ton
Intiland Jumps to 29-Month High After Court’s Order on Project
(Bloomberg) -- Shares of Indonesian developer rose by as much as 5.4% after Jakarta court annuls provincial govt’s decision to cancel reclamation project on H island.
NOTE: Jakarta Court Annuls Cancellation on Reclamation Project: Kompas
Indonesian Miners Gain as Trade Talks Trigger Rally in Metals
(Bloomberg) -- Nickel producer Vale Indonesia led gains among Indonesia’s mining stocks after metal prices increased as investors awaited headlines from the trade talks in Shanghai.
Industrial metals gaining on stimulus hopes, including expectations of increased infrastructure spending by Beijing
Jakarta Stock Exchange Composite Index +0.5%
Vale Indonesia +3.8%, Aneka Tambang +3.9%, Timah +3%
NOTE: China Commodities Today: Metals Rise as Markets Brace for Trade
Summarecon Agung Rises 2% After 1H Earnings Announcement
(Bloomberg) -- Shares of the Indonesian property developer rally on 90% increase in 1H net income.
NOTE: Summarecon Agung 1H Net Income 149.02 Bln Rupiah, +90% Y/y
Elnusa Rises 2.4% After 1H Earnings Announcement
(Bloomberg) -- Indonesian oil services company snaps 3-day losses after releasing 1H earnings.
NOTE: Elnusa First Half Net Income 154.76 Bln Rupiah, +21% Y/y
Lippo Cikarang Falls as Much as 3% After Ex-CEO Named Suspect
(Bloomberg) -- Shares of parent Lippo Karawaci also fell 0.7%.
NOTE: Indonesia’s KPK Names More Suspects in Meikarta Bribery Probe
Adhi Karya First Half Net Income 215 Bln Rupiah, +1.1% Y/y
(Bloomberg) -- Adhi Karya reported net income for the first half of 215 billion rupiah, +1.1% y/y.
1H revenue 5.43 trillion rupiah, -11% y/y
1H EPS 60 rupiah vs. 60 rupiah y/y
Matahari Department Store 1H Net Income 1.16 Trln Rupiah
(Bloomberg) -- Matahari Department Store reported net income for the first half of 1.16 trillion rupiah, -14% y/y.
1H revenue 5.95 trillion rupiah, +0.8% y/y
1H EPS 408 rupiah vs. 461 rupiah y/y
IHSG menguat, simak rekomendasi saham ANTM, WSBP, ADHI, dan ACES
https://investasi.kontan.co.id/news/ihsg-menguat-simak-rekomendasi-saham-antm-wsbp-adhi-dan-aces
Tujuh saham turun, Ini 10 saham LQ45 dengan PER Terendah (29 Juli 2019)
https://investasi.kontan.co.id/news/tujuh-saham-turun-ini-10-saham-lq45-dengan-per-terendah-29-juli-2019
Tiga saham turun, ini rekaman BMRI, BBRI, BBNI, BBTN, dan BBCA (29/7)
https://investasi.kontan.co.id/news/tiga-saham-turun-ini-rekaman-bmri-bbri-bbni-bbtn-dan-bbca-297
BEI terapkan aturan free float, begini rekomendasi analis
https://investasi.kontan.co.id/news/bei-terapkan-aturan-free-float-begini-rekomendasi-analis
Berikut rekomendasi teknikal BNGA, ICBP, dan CTRA untuk hari ini
https://investasi.kontan.co.id/news/berikut-rekomendasi-teknikal-bnga-icbp-dan-ctra-untuk-hari-ini-1
Simak rekomendasi para analis untuk saham Telkom (TLKM) berikut ini
https://investasi.kontan.co.id/news/simak-rekomendasi-para-analis-untuk-saham-telkom-tlkm-berikut-ini
Beban Berat Krakatau, Laba Bank Permata Meroket!
https://www.cnbcindonesia.com/market/20190730080627-17-88432/beban-berat-krakatau-laba-bank-permata-meroket
Anjlok 5% Lebih, Kapitalisasi HMSP Kini Disalip Unilever
https://www.cnbcindonesia.com/market/20190729170758-17-88361/anjlok-5-lebih-kapitalisasi-hmsp-kini-disalip-unilever
Pekan Terpenting di 2019 Segera Mulai (link: http://detik.id/6jDATs) Stocks, Dollar Likely To Keep Gains before FOMC (link: https://www.google.com/amp/s/m.investing.com/analysis/week-ahead-stocks-dollar-likely-to-keep-gains-as-traders-await-fed-meeting-200446107%3fampMode=1) Berkah Musim Lapkeu (link: https://www.cnbcindonesia.com/market/20190729083450-17-88143/berkah-musim-laporan-keuangan-cek-saham-pilihan-ini) Join Workshop CTASaham Jakarta 25 Agustus (link: https://cta-saham.blogspot.com/2019/07/road-show-ctasaham-2019-workshop.html?m=1)
Pakuwon Jati Upgraded to Buy at Kresna Graha; PT 740 Rupiah
(Bloomberg) -- Kresna Securities analyst Franky Rivan upgraded the recommendation on Pakuwon Jati Tbk PT to buy from hold.
PT set to 740 rupiah, implies 7.2% increase from last close. Pakuwon Jati average PT is 778 rupiah
Pakuwon Jati had 16 buys, 10 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 1.7 percent in the past three months. Forecasts range from 600 rupiah to 930 rupiah.
Pakuwon Jati Upgraded to Buy at Kresna Graha; PT 740 Rupiah
(Bloomberg) -- Kresna Securities analyst Franky Rivan upgraded the recommendation on Pakuwon Jati Tbk PT to buy from hold.
PT set to 740 rupiah, implies 7.2% increase from last close. Pakuwon Jati average PT is 778 rupiah
Pakuwon Jati had 16 buys, 10 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 1.7 percent in the past three months. Forecasts range from 600 rupiah to 930 rupiah.
HM Sampoerna Upgraded to Buy at DBS Bank; PT 3,500 Rupiah
(Bloomberg) -- DBS Bank analyst David Arie Hartono upgraded the recommendation on Hanjaya Mandala Sampoerna Tbk PT to buy from hold.
PT set to 3,500 rupiah, implies 22% increase. HM Sampoerna average PT is 3,825 rupiah
HM Sampoerna had 19 buys, 10 holds, 1 sell previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 10 percent in the past three months. Forecasts range from 2,950 rupiah to 4,640 rupiah.
Ramayana Lestari’s PT Trimmed by CGS-CIMB on Weak Holiday Sales
(Bloomberg) -- The retailer’s PT was cut to 1,700 rupiah from 2,150 rupiah amid weak sales growth in the second quarter, according to CGS-CIMB.
Company missed June sales target by 12% due to earlier Eid al- Fitr holidays, writes analyst Patricia Gabriela dated July 26
Sales in 1H rose 1% to 5.3t rupiah y/y, lagging CGS-CIMB’s estimate and made up for 59% of its previous forecast
Gross profit margin expected to remain robust despite soft sales growth in secoand quarter
Net profit growth seen at 10% y/y in 2Q; 1H exceeded 20% y/y
July sales likely to meet target and will boost Jan.-July sales by 1.6% on annual basis, reaching 66% of full-year target
Full-year target still below CGS-CIMB’s earlier projection
CGS-CIMB cuts sales by 1%-2% for 2019-21 forecasts
CGS- CIMB maintains add recommendation for Ramayana Lestari
CP Indonesia Profit May Be Weaker on Broiler Pricing: 2Q Preview
Japfa Comfeed Profit May Weaken on Live Bird Pricing: 2Q Preview
Asing jual bersih, IHSG melorot 1,19% ke level 6.325 di akhir perdagangan pekan ini
https://investasi.kontan.co.id/news/asing-jual-bersih-ihsg-melorot-119-ke-level-6325-di-akhir-perdagangan-pekan-ini
Indonesian Stocks Fall Most Since May as Large Caps Tumble
(Bloomberg) -- The Jakarta Composite Index slid 1.3%, its biggest drop since May 16, and the largest decline among Asian benchmarks Friday.
Biggest drags include Unilever Indonesia down as much as 5.2%, Hanjaya Mandala 4%, Indofood CBP Sukses Makmur 4.2%
Gauge also set for biggest weekly loss in 2 months
Investors are unwinding positions and companies are expected to post lower-than-expected 2Q earnings, said Evan Lie Hadiwidjaja, head of research at Sinarmas Sekuritas
Investors also in wait-and-see mode as they wait for upcoming Fed rate announcement
“The Fed is signaling gradual rate cut, resulting in foreign outflow from emerging markets,” said Chandra Pasaribu, head of research at Yuanta Securities.
Bank Tabungan Negara 1H Net Income 1.3 Trln Rupiah, -8.7% Y/y
(Bloomberg) -- Bank Tabungan Negara reported net income for the first half of 1.3 trillion rupiah, -8.7% y/y.
1H net interest income 4.71 trillion rupiah, +0.5% y/y
NOTE:
14 buys, 8 holds, 0 sells
HM Sampoerna First Half Net Income 6.77 Trln Rupiah, +11% Y/y
(Bloomberg) -- HM Sampoerna reported net income for the first half of 6.77 trillion rupiah, +11% y/y.
1H revenue 50.72 trillion rupiah, +3.2% y/y
1H EPS 58 rupiah vs. 53 rupiah y/y
NOTE:
20 buys, 9 holds, 1 sell
AKR Corporindo 1H Net Income 390.77 Bln Rupiah, -65% Y/y
(Bloomberg) -- AKR Corporindo reported net income for the first half of 390.77 billion rupiah, -65% y/y.
1H revenue 9.71 trillion rupiah, -13% y/y
1H EPS 98 rupiah vs. 96 rupiah y/y
NOTE:
9 buys, 0 holds, 1 sell
Media Nusantara Cut to Trading Buy at Mirae Asset Daewoo
(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. analyst Christine Natasya downgraded the recommendation on Media Nusantara Citra Tbk PT to trading buy from buy.
PT raised to 1,700 rupiah from 1,500 rupiah, implies 21% increase from last close. Media Nusantara average PT is 1,363 rupiah
Media Nusantara had 9 buys, 5 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 4.6 percent in the past three months. Forecasts range from 875 rupiah to 1,700 rupiah.
Harum Downgraded to Hold at Danareksa; PT 1,500 Rupiah
(Bloomberg) -- Danareksa analyst Stefanus Darmagiri downgraded the recommendation on Harum Energy Tbk PT to hold from buy.
PT lowered to 1,500 rupiah from 2,000 rupiah, implies 13% increase from last close. Harum average PT is 1,516 rupiah
Harum had 2 buys, 3 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 12 percent in the past three months. Forecasts range from 1,400 rupiah to 3,250 rupiah.
Charoen Indonesia Extends Weekly Loss on Weak Profit Outlook
(Bloomberg) -- Shares of the animal feed and poultry firm Charoen Pokphand Indonesia have fallen 8% this week amid prospects for a weak 2019 performance.
Falls as much as 3.8% Friday; on trak for worst week in 2 months
Low prices for broilers and day-old chicks not expected to improve in short term and will squeeze margins, Ciptadana Sekuritas analyst Fahressi Fahalmesta says by phone
Average broiler price 14,000 rupiah/kg in June, compared with 20,000 rupiah/kg year ago: Ciptadana
“Average DOC price was reported at 3,000 rupiah per chick in June, while throughout last year price never reached that low,” says Fahalmesta
Looming drought will disturb harvests, preventing corn price to drop, Fahalmesta says
NOTE: Indonesia Warns of Failed Harvest, Forest Fires as Drought Looms
Recent news of Brazil’s victory over Indonesia on chicken imports at WTO have also created negative sentiment, says Fahalmesta
Ciputra Development Cut to Sell at Kresna Graha; PT 1,050 Rupiah
(Bloomberg) -- Kresna Securities analyst Franky Rivan downgraded the recommendation on Ciputra Development Tbk PT to sell from hold.
PT set to 1,050 rupiah, implies 18% decrease. Ciputra Development average PT is 1,340 rupiah
Ciputra Development had 25 buys, 4 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 2.7 percent in the past three months. Forecasts range from 1,050 rupiah to 1,600 rupiah.a
Gara-gara Cabai dan Emas, BI Ramal Inflasi Juli 0,23%
https://www.cnbcindonesia.com/news/20190726130553-4-87817/gara-gara-cabai-dan-emas-bi-ramal-inflasi-juli-023
Ini 3 Saham Penghuni Baru LQ45 & 3 yang Terdepak
https://www.cnbcindonesia.com/market/20190726151816-20-87874/ini-3-saham-penghuni-baru-lq45-3-yang-terdepak
Kredit Moncer, Laba BTN Semester I-2019 Tembus Rp 1,3 T
https://www.cnbcindonesia.com/market/20190726133230-17-87824/kredit-moncer-laba-btn-semester-i-2019-tembus-rp-13-t
H1-2019, Laba Bersih MNCN Melonjak 74%
https://www.cnbcindonesia.com/market/20190726134017-19-87827/h1-2019-laba-bersih-mncn-melonjak-74
Wah, Modal Asing Sudah Banjiri RI Rp 192,5 T
https://www.cnbcindonesia.com/news/20190726135635-4-87837/wah-modal-asing-sudah-banjiri-ri-rp-1925-t
Restatement & Batal Kontrak Mahata, Saham Garuda Amblas
https://www.cnbcindonesia.com/market/20190726120159-17-87792/restatement-batal-kontrak-mahata-saham-garuda-amblas
ASIA COAL: China Futures Set for Weekly Rise as Demand Climbs
(Bloomberg) -- Thermal coal for Sept. -0.1% to 591.6 yuan/ton on Zhengzhou Commodity Exchange at 9:20am local time, still holding near three-week high.
Futures +1% this week, heading for second weekly gain
“Electricity consumption in many provinces has now entered a peak season,” Nanhua Futures says in note. “The market is encouraged by the rise in daily coal consumption, which has bolstered prices this week”
NOTE: Daily coal use of six major coastal power plants rises to 767.5kt Thursday from 730.3kt day earlier and 625.2kt a week ago: CCTD
Australian Newcastle coal futures -0.3% to $75.50/ton on Thursday
NOTE: Zhengzhou contract based on coal with calorific value of 5,500 kcal/kg; Newcastle is 6,000 kcal/kg
Other thermal coal news:
Indonesia to Maintain Annual Coal Output for Next Five Years
PALM OIL: Futures on Track for Biggest Weekly Gain in 2 Months
(Bloomberg) -- Palm oil headed for its best weekly gain in more than two months, with delayed oilseed plantings due to scant monsoon rains in some parts of top buyer India and weather concerns in the U.S. hurting sentiment. U.S. Midwest soybean crops are facing escalating Dryness.
Merger Rampung, Laba Danamon Turun 10% (link: https://www.cnbcindonesia.com/market/20190724172655-17-87327/merger-rampung-laba-danamon-turun-10-jadi-rp18-t)
Bloomberg -- MPPA Shares rise by as much as 10.9%, most since Dec. 3, 2018, fuelled by better 2Q earnings prospects.
NO HOAX in CTA (Saham FX Gold). Proven & Profit Maker 🙏
Bank Central Asia 1H Net Income 12.9 Trln Rupiah, +13% Y/y
(Bloomberg) -- Bank Central Asia reported net income for the first half of 12.9 trillion rupiah, +13% y/y.
1H EPS 522 rupiah vs. 463 rupiah y/y
1H net interest income 24.63 trillion rupiah, +13% y/y
Bank Mandiri Raised to Buy at Samuel Sekuritas; PT 8,900 Rupiah
(Bloomberg) -- Samuel Sekuritas Indonesia analyst Suria Dharma upgraded the recommendation on Bank Mandiri Persero Tbk PT to buy from hold.
PT raised to 8,900 rupiah from 8,200 rupiah, implies 16% increase from last close. Bank Mandiri average PT is 8,897 rupiah
Bank Mandiri had 23 buys, 9 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 3.6 percent in the past three months. Forecasts range from 7,000 rupiah to 10,000 rupiah.
United Tractors’ June Heavy Equipment Sales Fall to 186 Units
(Bloomberg) -- Sales fell from 303 units in same period last year, co. says in stock exchange filing.
Sales dropped to 1,917 units in Jan.-June period from 2,400 units a year ago
Market share at 36% in 1H 2019
Matahari Department Continues Rising for Third Day on 2Q Outlook (SEE CTA CHART 5 Juli)
(Bloomberg) -- Shares rise by as much as 10.9%, most since Dec. 3, 2018, fuelled by better 2Q earnings prospects.
Shares gain for third day, the longest winning streak since May 21, 2019
NOTE: Matahari Department Rises Most in 4 Months on Better 2Q Outlook
Citi Sees Risk Garuda Breaches Loan Covenants If Deal Canceled
(Bloomberg) -- If Garuda’s deal with Mahata is canceled, that would likely lead to Garuda’s equity falling below covenant requirements under its Export Development Canada loan, which could lead to a cross default on the bonds, Citi said in a note.
NOTE: The airline booked revenue of $211.9 million from PT Mahata Aero Teknologi, its annual report showed. The contribution helped Garuda to report a net income of $809,846 last year compared with a loss in 2017.
Indonesia’s FSA Ordered Garuda to Restate 2018 Financial Report
“We think that the seriousness of the issue has the potential to create a continued overhang on Garuda credit even if the cross-default doesn’t play out”: Citi
“Given the noise, risk of cross-default, challenging operations and impending refinancing needs, Garuda 20s at par look mispriced to us and we retain our concern on the bonds”
NOTE: Garuda’s 2020 USD bonds fall most since issuance in 2015
Bank Danamon First Half Net Income 1.8 Trln Rupiah, -10% Y/y
(Bloomberg) -- Bank Danamon reported net income for the first half of 1.8 trillion rupiah, -10% y/y.
1H net interest income 7.09 trillion rupiah, -1.5% y/y
Gas Negara’s 2Q Performance Seen Weak on Low Volume: Citi
(Bloomberg) -- Below-guidance distribution volume indicates weak performance by Indonesian state gas distributor Perusahaan Gas Negara, according to Citi.
Distribution volume at 945 million cubic feet per day in second quarter, below FY2019 guidance of 960-970 mmcfd, writes analyst Salman Ali in report dated July 24
Volume at 932 mmcfd in first half
Distribution volume has been following declining trend, with peak in April at 1,003 mmcfd and June at 851 mmcfd
Margins assumption remain at $2.2 per British thermal unit
Trends in second quarter impacted by long holiday season
Cash gross profit could rise 4% on quarterly basis in second quarter
Details of margin cap implementation will become main share price catalyst, expected to be effective from this year’s second half
NOTE: Indonesia’s Listrik Negara Requesting Gas Price Cap: Bisnis
Gas Negara to announce second-quarter results in August
Astra Intl’s Market Share to Stay Solid, Profit Improve: Bahana
(Bloomberg) -- Successful launch of low-MPV models this year seen as maintaining the Indonesian automotive company’s solid market share, according to Bahana Sekuritas.
Several new models from competitors, introduced during annual Gaikindo Indonesia International Auto Show, not seen as game changers and not competing head-to-head with Astra’s low MPVs, writes analyst Anthony Yunus in report dated July 23
Average discounts stabilizing for Toyota and Daihatsu, which could indicate healthy levels of dealers’ inventories
Company’s profitability will improve with higher volumes
Downside risks to company seen from further deterioration in coal prices and lower-than-expected industry’s automotive sales volumes and pricing
Weakening coal prices to result in lower earnings contribution from unit United Tractors, a heavy equipment distributor
Bahana reaffirms buy rating on company
Bank Negara Indonesia Raised to Buy at Bahana Securities
(Bloomberg) -- Bahana Securities analyst Lucky Ariesandi upgraded the recommendation on Bank Negara Indonesia Persero Tbk PT to buy from hold.
PT lowered to 9,750 rupiah from 10,300 rupiah, implies 15% increase. Bank Negara Indonesia average PT is 10,251 rupiah
Bank Negara Indonesia had 24 buys, 7 holds, 1 sell previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 1.3 percent in the past three months. Forecasts range from 8,000 rupiah to 11,700 rupiah.
Goldman Says SE Asian Telco Stock Gains ‘Largely Unsustainable’
(Bloomberg) -- The strong performance of Southeast Asian telecom stocks this year will be “largely unsustainable” even as central banks in the region are expected to cut interest rates, says Goldman Sachs.
According to a study over past 19 years, Goldman analysts led by Miang Chuen Koh say the share price gains in telcos after a rate cut dissipates over 3-6 months
Interest rates expected to drop in Indonesia, Malaysia and Singapore
“Our findings suggest Asean telcos have a c.60% probability of underperforming their respective country benchmarks post rate cuts,” the Goldman analysts wrote in a note on Tuesday
Cuts Singtel to neutral from buy; reduces Starhub and Telekom Malaysia to sell from neutral
Raises Indosat and Link Net to buy from neutral
Ramayana Lestari Cut to Trading Buy at Mirae Asset Daewoo
(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. analyst Christine Natasya downgraded the recommendation on Ramayana Lestari Sentosa Tbk PT to trading buy from buy.
PT lowered to 1,550 rupiah from 2,000 rupiah, implies 15% increase from last close. Ramayana Lestari average PT is 1,834 rupiah
Ramayana Lestari had 17 buys, 7 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 0 percent in the past three months. Forecasts range from 1,140 rupiah to 2,200 rupiah.
Adhi Karya Rated New Trading Buy at Mirae Asset Daewoo
(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. initiated coverage of Adhi Karya Persero Tbk PT with a recommendation of trading buy.
PT set to 1,800 rupiah, implies 14% increase. Adhi Karya average PT is 2,109 rupiah
Adhi Karya had 15 buys, 4 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one- year target price for the stock by 2.8 percent in the past three months. Forecasts range from 1,800 rupiah to 3,000 rupiah.
Matahari Department Store Raised to Buy at Trimegah Securities
(Bloomberg) -- Trimegah Securities Tbk PT analyst Darien Sanusi upgraded the recommendation on Matahari Department Store Tbk PT to buy from sell.
PT raised to 4,500 rupiah from 4,400 rupiah, implies 25% increase. Matahari Department Store average PT is 5,032 rupiah
Matahari Department Store had 13 buys, 11 hold, 4 sells previously: Bloomberg data
Analysts lowered their consensus one- year target price for the stock by 15 percent in the past three months. Forecasts range from 3,195 rupiah to 11,700 rupiah.
Manulife Asset Stock Picker Sees Value in Indonesia, Malaysia
(Bloomberg) -- To pay a reasonable price for growth, Manulife Asset Management fund manager Kenglin Tan said she’s turned to Indonesian and Malaysian stocks.
While many parts of Asia are overpriced, Tan sees opportunities in markets that people are “most fearful of and uncertain about,” especially in stocks not included in benchmark indexes
NOTE: Tan declined to discuss individual companies
Tan is overweight Indonesia as she said people have overlooked the good things President Joko Widodo has done for the country, pointing to development of infrastructure such as toll roads and the MRT network, which she said will eventually shore up business activity
Also, it’s easy to find stocks with a 7% dividend yield in Indonesia, she said
NOTE: Jakarta Composite Index is up 3.4% in 2019; trades at 15.2 times estimated 12-month forward earnings
Mubadala, OMV, Chandri Asri to Cooperate on Indonesia Petchem
(Bloomberg) -- The three companies signed an agreement to explore joint projects in the petrochemical sector in Indonesia, Vienna-based OMV says in statement.
Cos. will set up working groups to define a schedule for evaluation
Chandri says it will select “strategic investors” soon
Chandri Asri plans to expand petchem capacity to over 8 million tons vs. 3.5m tons at the end of 2018
NOTE: Bisnis reported on July 22 that Chandri is to partner with Mubadala in constructing $2.5b plant
READ: Indonesia to Sign Up to $10B Investment Deals with UAE (1)
ASIA COAL: China Futures Gain for Fifth Day as Consumption Rises
(Bloomberg) -- Thermal coal for Sept. +0.3% to 594.8 yuan/ton on Zhengzhou Commodity Exchange at 10:04am local time, heading for highest close since July 2.
PALM OIL: Futures Advance to 1-Month High on Indian Demand Hopes
(Bloomberg) -- Palm oil futures climbed for a third day to the highest in a month on optimism that the world’s top importer will ramp up purchases. Sentiment is changing on export demand from India, said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental.
Ini rekomendasi analis untuk 10 saham pendorong IHSG sepanjang Juli 2019
(link: https://m.kontan.co.id/news/ini-rekomendasi-analis-untuk-10-saham-pendorong-ihsg-sepanjang-juli-2019)
Terus Melonjak, Analis Under Review Target Harga Saham BBRI & BBCA
(link: https://m.kontan.co.id/news/terus-melonjak-analis-under-review-target-harga-saham-bbri-bbca)
Buy the oversold & bullish divergence, sell the overbought.
Indonesian Banks Upgraded on Higher Earnings Outlook: UOB
(Bloomberg) -- Indonesia’s banks were upgraded to overweight from market weight as the central bank’s latest rate cut should boost their pre-provisioning profit growth next year, according to UOB Kay Hian.
Pre-provisioning profit growth seen rising by at least 17% in 2020, writes analyst Raphon Prima in report dated July 22
There is 83% possibility of pre-provisioning profit growth could accelerate after rate cut, based on last three rate cuts in 2009, 2012 and 2015
UOB foresees more cuts in 2019-20
Stable non- performing loan ratio and high coverage ratio should lift the banks’ net income growth to 20% in 2020
Top picks are Bank Negara Indonesia, Bank Mandiri and Bank Rakyat Indonesia; all rated buy
Bank Central Asia maintained hold due to its expensive valuation
Chandra Asri Rises to Highest in 14 Months on UAE Partnership
(Bloomberg) -- Shares rose by as much as 8% to highest since May 2018 on report that the Indonesian petrochemicals producer is planning to partner with United Arab Emirates’ Mubadala Investment.
NOTE: Chandra Asri to Sign Investment Deal with UAE’s Mubadala: Bisnis
Shares of Barito Pacific, parent of Chandra Asri, increased by as much as 3% to highest in more than 2 months
PALM OIL: Futures Gain as Firmer Crude Oil Raises Biofuel Appeal
(Bloomberg) -- Palm oil futures bounced back on expectations that firmer petroleum prices will make the tropical oil more attractive for blending into biofuel. Oil prices extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the country’s largest field.
Mayora Indah Rises to 1-Week High on First Half Earnings
(Bloomberg) -- Shares rose by as much as 5.4% after Indonesian consumer goods producer reported a 9.7% increase in first half net income.
NOTE: Mayora Indah First Half Net Income 807.5 Bln Rupiah, +9.7% Y/y
Rupiah Falls in Line with Broad EM Weakness: Inside Indonesia
(Bloomberg) -- Indonesia’s rupiah falls after hitting the highest level in 13 months on Friday, following emerging-market currencies lower as investors reprice bets size of Fed rate this month
USD/IDR gains 0.2% at 13,960 after dropping for 2 consecutive days
Market is now back close to a 25bp cut compared with last week, after comments from Fed officials Williams and Clarida, says Craig Chan, global head of FX strategy at Nomura in Singapore
He says market was pricing in around 39bp of a cut then, and the repricing of the Fed cut has driven USD/IDR slightly higher
Week Ahead: Volatility Likely To Spike Amid Busiest Earnings Season Week
(link: https://www.google.com/amp/s/m.investing.com/analysis/week-ahead-volatility-to-spike-during-busiest-earnings-week-200442282%3fampMode=1)
Bursa Bakal Bikin Galau
(link: https://www.cnbcindonesia.com/market/20190721182910-17-86439/duh-bursa-pekan-depan-bakal-bikin-galau)
Simak Saham Pilihan Broker Hari Ini!
(link: https://www.cnbcindonesia.com/market/20190722083244-17-86469/tunggu-data-fdi-simak-saham-pilihan-broker-hari-ini)
IHSG target CTA di 6.458 DONE, HMSP TINS PTBA BOW 👍
3 charts DJIA index, Gold (XAUUSD), USD index, jelang FOMC Meeting (30-31 Juli) di prediksi akan pangkas suku bunga 25 bsp (rumor di market Fed akan pangkas 50 bsp).
IHSG
6,445.131 +41.837 (+0.65%) YTD +3.371%
Last updated: 11:30:00 WIB | 19/07/2019 |
PREV.CLOSE 6,403.294 DAY RANGE 6,417.443 - 6,446.804
OPEN 6,417.443 52 - WEEK RANGE 5,621.604 - 6,636.332
Rekor Lagi! Kapitalisasi Saham BCA Siap Menuju Rp 800 T
https://www.cnbcindonesia.com/market/20190719101626-17-86076/rekor-lagi-kapitalisasi-saham-bca-siap-menuju-rp-800-t?utm_source=notifikasi&utm_campaign=browser&utm_medium=desktop
5 BUMN Diminta RUPSLB, Ganti Direksi atau Komisaris?
https://www.cnbcindonesia.com/market/20190719084628-17-86056/5-bumn-diminta-rupslb-ganti-direksi-atau-komisaris
Mantap! Harga Emas Global & Emas Antam Hari Ini Rekor
https://www.cnbcindonesia.com/investment/20190719092216-21-86061/mantap-harga-emas-global-emas-antam-hari-ini-rekor
Barito Pacific’s Shareholders Approve 5-for-1 Stock Split Plan
PP-Wijaya Karya Wins Semarang-Demak Toll Road Project: Detik
(Bloomberg) -- Indonesia’s PP, Wijaya Karya and Misi Mulia Metrical win the concession of the 15t rupiah toll road, Detik reports.
Companies should establish a dedicated joint venture for the project and sign concession agreement no later than 3 months, Danang Parikesit, Public Works and Housing Ministry’s head of toll road regulator, says as cited by the news portal
Project has a 35-year concession period and construction is targeted to be completed in 2 years
NOTE: PP and Wijaya Karya are state owned builders.
Lippo Karawaci’s 1H Marketing Sales Rise 84% to 835B Rupiah
(Bloomberg) -- Company optimistic to achieve FY 2019 marketing sales target of 5.7t rupiah, it says in statement.
5.7t rupiah target has taken into account sales from mall divestment
1H increase primarily driven by sales in Jan.-March period, while sales in 2Q was lower as anticipated due to the holy season and elections
Mitra Adiperkasa Downgraded to Hold at Maybank; PT 1,000 Rupiah
(Bloomberg) -- Maybank Kim Eng analyst Janni Asman downgraded the recommendation on Mitra Adiperkasa Tbk PT to hold from buy.
PT set to 1,000 rupiah, implies 4.2% increase. Mitra Adiperkasa average PT is 1,163 rupiah
Mitra Adiperkasa had 19 buys, 3 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 2.1 percent in the past three months. Forecasts range from 765 rupiah to 1,300 rupiah.
Performance Metrics
Investors who followed Asman's recommendation would have received a 24 percent return in the past year, the same as the company's performance.
ASIA COAL: China Futures Up 2nd Day as Power Demand Seen Rising
(Bloomberg) -- Thermal coal for Sept. +1.1% to 585.8 yuan/ton on Zhengzhou Commodity Exchange as of 11:15am local time.
Futures +0.7% so far this week, first weekly gain in four
Electricity demand for residential use, manufacturing and service industries is increasing, while the rainy season is ending in the hydropower-reliant southern part of the nation and temperatures rise, Huatai Futures analyst Sun Hongyuan says in note
Daily consumption by power plants is increasing while coal prices start to stabilize after a recent slide: Sun
NOTE: Daily consumption of six major coastal power plants seen at 651.4k tons Friday, up from 625.2k tons the previous day and 607.2k tons a week ago: CCTD
Australian Newcastle coal futures -0.4% to $75.75/ton on Thursday
NOTE: Zhengzhou contract based on coal with calorific value of 5,500 kcal/kg; Newcastle is 6,000 kcal/kg
Other thermal coal news:
China’s Coal Association Says Regulator to Slash Imports This Half
Rupiah Rallies on Inflow Bets, Weaker Dollar: Inside Indonesia
(Bloomberg) -- Indonesia’s rupiah climbs to the highest in more than a year, as a pledge by the central bank to ease policy further fueled speculation that inflows will quicken. The dollar’s drop Thursday also helps.
USD/IDR declines 0.4% to 13,909 and reached 13,893, lowest since June 2018. Pair has fallen 0.7% since July 12, on track for a fifth week of losses
Bank Indonesia cut the benchmark rate by 25bps on Thursday, and said there’s still room for an accommodative monetary policy in line with the low inflation estimate and the need to drive growth further
“IDR stability is likely to be maintained, which allows the domestic market to withstand some further interest-rate cuts when the Fed is also expected to cut,” says Frances Cheung, head of Asia macro strategy at Westpac Banking in Singapore
“Although yield differential over UST has narrowed, it remains attractive, sustaining bond inflows,” she adds
Indonesia’s 10-year bond yield falls 2bps to 7.12%, taking its five-day drop to 9bps
Global funds sold a net $22.2m of Indonesian equities Thursday and bought $71.7m of the nation’s bonds on July 16.
Alam Sutera Raised to Buy as 2H Sales Seen Rising: UOB Kay Hian
(Bloomberg) -- Property developer raised from hold on the back of expectation that pre-sales will be higher in the second half than the previous half on lower interest rates, according to UOB Kay Hian.
Residential pre-sales rose when Bank Indonesia’s rate was cut, based on historical data, analyst Silvia Dwiputri writes in report dated July 18
Secured contracts and new apartment projects will boost pre-sales in the second half
Company’s leverage seen healthier, supported by rupiah appreciation against U.S. dollar
Company booked 1.3 trillion rupiah pre-sales in the first half, equal to 28.4% of UOB Kay Hian’s full-year estimate
UOB Kay Hian raises its forecast on company’s 2019 revenue by 11% and core profit by 6%
PT raised to 390 rupiah from 320 rupiah
Bank Mandiri Upgraded to Buy at PT Sinarmas; PT 9,300 Rupiah
(Bloomberg) -- PT Sinarmas Sekuritas analyst Evan Lie Hadiwidjaja upgraded the recommendation on Bank Mandiri Persero Tbk PT to buy from neutral.
PT raised to 9,300 rupiah from 7,600 rupiah, implies 18% increase. Bank Mandiri average PT is 8,748 rupiah
Bank Mandiri had 22 buys, 10 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 2.7 percent in the past three months. Forecasts range from 7,000 rupiah to 10,000 rupiah.
Performance Metrics
Investors who followed Hadiwidjaja's recommendation would have received a 13 percent return in the past year, compared with the 30 percent return on the shares.
Bank Mandiri reported earnings that trailed estimates for the quarter on Jul 17.
HM Sampoerna Reinstated Buy at Samuel Sekuritas; PT 3,815 Rupiah
(Bloomberg) -- Samuel Sekuritas Indonesia reinstated coverage of Hanjaya Mandala Sampoerna Tbk PT with a recommendation of buy.
PT set to 3,815 rupiah, implies 24% increase. HM Sampoerna average PT is 3,930 rupiah
HM Sampoerna had 18 buys, 9 holds, 2 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 7.3 percent in the past three months. Forecasts range from 2,900 rupiah to 4,700 rupiah.
Astra Intl. Cut to Neutral at Credit Suisse; PT 7,200 Rupiah
(Bloomberg) -- Credit Suisse analyst Andri Ngaserin downgraded the recommendation on Astra International Tbk PT to neutral from outperform.
PT lowered to 7,200 rupiah from 8,100 rupiah, implies 1.4% increase from last close. Astra Intl. average PT is 8,445 rupiah
Astra Intl. had 26 buys, 5 holds, 1 sell previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 2.5 percent in the past three months. Forecasts range from 7,200 rupiah to 10,000 rupiah.
Fed Readies First Interest-Rate Cut
(link: https://www.wsj.com/articles/fed-readies-first-interest-rate-cut-since-2008-11564563601?redirect=amp#click=https://t.co/sLz7Wxw5w6) Gold on track for gain (link: https://www.cnbc.com/2019/07/31/gold-markets-us-federal-reserve-in-focus.html) Pound Plunge May Test Johnson’s ‘Pain Threshold (link: https://m.investing.com/news/forex-news/pound-plunge-may-test-johnsons-pain-threshold-commerzbank-1940222) CTA see Fed cut 25 bsp & less dovish to sell on rally Gold GBP
Terbukti prediksi CTA IHSG (+ blue chip) TP 6.458
to 6.290
. Join member CTA di W.S CTASaham Jakarta 25/8.
Laju PertumbuhanTersendat, Laba Emiten Bursa Saham Mengecewakan
https://www.indopremier.com/ipotnews/newsDetail.php?jdl=Laju_PertumbuhanTersendat__Laba_Emiten_Bursa_Saham_Mengecewakan&news_id=108062&group_news=IPOTNEWS&taging_subtype=MARKETOVERVIEW&name=&search=y_general&q=ihsg,%20bursa%20saham,%20MSCI%20asia%20pasifik,%20BEI&halaman=1
Laba Melesat 27%, Ini Alasan Asing Borong Saham Telkom
https://www.cnbcindonesia.com/market/20190731125620-17-88849/laba-melesat-27-ini-alasan-asing-borong-saham-telkom
Ternyata, investor asing lebih banyak membeli saham BCA (BBCA) di pasar negosiasi
https://investasi.kontan.co.id/news/investor-asing-lebih-banyak-membeli-saham-bca-bbca-di-pasar-negosiasi
Kinerja tak memuaskan, cermati PER, EPS dan PBV emiten Grup Astra (30 Juli 2019)
https://investasi.kontan.co.id/news/kinerja-tak-memuaskan-cermati-per-eps-dan-pbv-emiten-grup-astra-30-juli-2019
Trump "Ancam" China (Lagi) & Dag Dig Dug Kebijakan The Fed
https://www.cnbcindonesia.com/market/20190731063438-17-88735/trump-ancam-china--lagi--dag-dig-dug-kebijakan-the-fed
Top 5 Investasi Favorit Asing di Indonesia Pada Triwulan II
https://www.cnbcindonesia.com/news/20190730211830-16-88725/top-5-investasi-favorit-asing-di-indonesia-pada-triwulan-ii
Inflasi Juli Diramal 'Jinak', Bisakah BI Turunkan Bunga Lagi?
https://www.cnbcindonesia.com/market/20190731110154-17-88793/inflasi-juli-diramal-jinak-bisakah-bi-turunkan-bunga-lagi
Jika The Fed Pangkas Bunga, Wall Street Bisa Meroket 20%!
https://www.cnbcindonesia.com/market/20190731142811-17-88876/jika-the-fed-pangkas-bunga-wall-street-bisa-meroket-20
The Fed Umumkan Suku Bunga, Ini Skenario Untuk Harga Emas
https://www.cnbcindonesia.com/market/20190731135633-17-88867/the-fed-umumkan-suku-bunga-ini-skenario-untuk-harga-emas
Sah! 7 Hari Beruntun Harga Batu Bara Terus Melemah
https://www.cnbcindonesia.com/market/20190731101937-17-88776/sah-7-hari-beruntun-harga-batu-bara-terus-melemah
Wow! Harga CPO Katanya Bisa Naik Sampai Rp 7,48 Juta/ton
https://www.cnbcindonesia.com/market/20190731111628-17-88800/wow-harga-cpo-katanya-bisa-naik-sampai-rp-748-juta-ton
Intiland Jumps to 29-Month High After Court’s Order on Project
(Bloomberg) -- Shares of Indonesian developer rose by as much as 5.4% after Jakarta court annuls provincial govt’s decision to cancel reclamation project on H island.
NOTE: Jakarta Court Annuls Cancellation on Reclamation Project: Kompas
Indonesian Miners Gain as Trade Talks Trigger Rally in Metals
(Bloomberg) -- Nickel producer Vale Indonesia led gains among Indonesia’s mining stocks after metal prices increased as investors awaited headlines from the trade talks in Shanghai.
Industrial metals gaining on stimulus hopes, including expectations of increased infrastructure spending by Beijing
Jakarta Stock Exchange Composite Index +0.5%
Vale Indonesia +3.8%, Aneka Tambang +3.9%, Timah +3%
NOTE: China Commodities Today: Metals Rise as Markets Brace for Trade
Summarecon Agung Rises 2% After 1H Earnings Announcement
(Bloomberg) -- Shares of the Indonesian property developer rally on 90% increase in 1H net income.
NOTE: Summarecon Agung 1H Net Income 149.02 Bln Rupiah, +90% Y/y
Elnusa Rises 2.4% After 1H Earnings Announcement
(Bloomberg) -- Indonesian oil services company snaps 3-day losses after releasing 1H earnings.
NOTE: Elnusa First Half Net Income 154.76 Bln Rupiah, +21% Y/y
Lippo Cikarang Falls as Much as 3% After Ex-CEO Named Suspect
(Bloomberg) -- Shares of parent Lippo Karawaci also fell 0.7%.
NOTE: Indonesia’s KPK Names More Suspects in Meikarta Bribery Probe
Adhi Karya First Half Net Income 215 Bln Rupiah, +1.1% Y/y
(Bloomberg) -- Adhi Karya reported net income for the first half of 215 billion rupiah, +1.1% y/y.
1H revenue 5.43 trillion rupiah, -11% y/y
1H EPS 60 rupiah vs. 60 rupiah y/y
Matahari Department Store 1H Net Income 1.16 Trln Rupiah
(Bloomberg) -- Matahari Department Store reported net income for the first half of 1.16 trillion rupiah, -14% y/y.
1H revenue 5.95 trillion rupiah, +0.8% y/y
1H EPS 408 rupiah vs. 461 rupiah y/y
IHSG menguat, simak rekomendasi saham ANTM, WSBP, ADHI, dan ACES
https://investasi.kontan.co.id/news/ihsg-menguat-simak-rekomendasi-saham-antm-wsbp-adhi-dan-aces
Tujuh saham turun, Ini 10 saham LQ45 dengan PER Terendah (29 Juli 2019)
https://investasi.kontan.co.id/news/tujuh-saham-turun-ini-10-saham-lq45-dengan-per-terendah-29-juli-2019
Tiga saham turun, ini rekaman BMRI, BBRI, BBNI, BBTN, dan BBCA (29/7)
https://investasi.kontan.co.id/news/tiga-saham-turun-ini-rekaman-bmri-bbri-bbni-bbtn-dan-bbca-297
BEI terapkan aturan free float, begini rekomendasi analis
https://investasi.kontan.co.id/news/bei-terapkan-aturan-free-float-begini-rekomendasi-analis
Berikut rekomendasi teknikal BNGA, ICBP, dan CTRA untuk hari ini
https://investasi.kontan.co.id/news/berikut-rekomendasi-teknikal-bnga-icbp-dan-ctra-untuk-hari-ini-1
Simak rekomendasi para analis untuk saham Telkom (TLKM) berikut ini
https://investasi.kontan.co.id/news/simak-rekomendasi-para-analis-untuk-saham-telkom-tlkm-berikut-ini
Beban Berat Krakatau, Laba Bank Permata Meroket!
https://www.cnbcindonesia.com/market/20190730080627-17-88432/beban-berat-krakatau-laba-bank-permata-meroket
Anjlok 5% Lebih, Kapitalisasi HMSP Kini Disalip Unilever
https://www.cnbcindonesia.com/market/20190729170758-17-88361/anjlok-5-lebih-kapitalisasi-hmsp-kini-disalip-unilever
Pekan Terpenting di 2019 Segera Mulai (link: http://detik.id/6jDATs) Stocks, Dollar Likely To Keep Gains before FOMC (link: https://www.google.com/amp/s/m.investing.com/analysis/week-ahead-stocks-dollar-likely-to-keep-gains-as-traders-await-fed-meeting-200446107%3fampMode=1) Berkah Musim Lapkeu (link: https://www.cnbcindonesia.com/market/20190729083450-17-88143/berkah-musim-laporan-keuangan-cek-saham-pilihan-ini) Join Workshop CTASaham Jakarta 25 Agustus (link: https://cta-saham.blogspot.com/2019/07/road-show-ctasaham-2019-workshop.html?m=1)
Pakuwon Jati Upgraded to Buy at Kresna Graha; PT 740 Rupiah
(Bloomberg) -- Kresna Securities analyst Franky Rivan upgraded the recommendation on Pakuwon Jati Tbk PT to buy from hold.
PT set to 740 rupiah, implies 7.2% increase from last close. Pakuwon Jati average PT is 778 rupiah
Pakuwon Jati had 16 buys, 10 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 1.7 percent in the past three months. Forecasts range from 600 rupiah to 930 rupiah.
Pakuwon Jati Upgraded to Buy at Kresna Graha; PT 740 Rupiah
(Bloomberg) -- Kresna Securities analyst Franky Rivan upgraded the recommendation on Pakuwon Jati Tbk PT to buy from hold.
PT set to 740 rupiah, implies 7.2% increase from last close. Pakuwon Jati average PT is 778 rupiah
Pakuwon Jati had 16 buys, 10 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 1.7 percent in the past three months. Forecasts range from 600 rupiah to 930 rupiah.
HM Sampoerna Upgraded to Buy at DBS Bank; PT 3,500 Rupiah
(Bloomberg) -- DBS Bank analyst David Arie Hartono upgraded the recommendation on Hanjaya Mandala Sampoerna Tbk PT to buy from hold.
PT set to 3,500 rupiah, implies 22% increase. HM Sampoerna average PT is 3,825 rupiah
HM Sampoerna had 19 buys, 10 holds, 1 sell previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 10 percent in the past three months. Forecasts range from 2,950 rupiah to 4,640 rupiah.
Ramayana Lestari’s PT Trimmed by CGS-CIMB on Weak Holiday Sales
(Bloomberg) -- The retailer’s PT was cut to 1,700 rupiah from 2,150 rupiah amid weak sales growth in the second quarter, according to CGS-CIMB.
Company missed June sales target by 12% due to earlier Eid al- Fitr holidays, writes analyst Patricia Gabriela dated July 26
Sales in 1H rose 1% to 5.3t rupiah y/y, lagging CGS-CIMB’s estimate and made up for 59% of its previous forecast
Gross profit margin expected to remain robust despite soft sales growth in secoand quarter
Net profit growth seen at 10% y/y in 2Q; 1H exceeded 20% y/y
July sales likely to meet target and will boost Jan.-July sales by 1.6% on annual basis, reaching 66% of full-year target
Full-year target still below CGS-CIMB’s earlier projection
CGS-CIMB cuts sales by 1%-2% for 2019-21 forecasts
CGS- CIMB maintains add recommendation for Ramayana Lestari
CP Indonesia Profit May Be Weaker on Broiler Pricing: 2Q Preview
Japfa Comfeed Profit May Weaken on Live Bird Pricing: 2Q Preview
Asing jual bersih, IHSG melorot 1,19% ke level 6.325 di akhir perdagangan pekan ini
https://investasi.kontan.co.id/news/asing-jual-bersih-ihsg-melorot-119-ke-level-6325-di-akhir-perdagangan-pekan-ini
Indonesian Stocks Fall Most Since May as Large Caps Tumble
(Bloomberg) -- The Jakarta Composite Index slid 1.3%, its biggest drop since May 16, and the largest decline among Asian benchmarks Friday.
Biggest drags include Unilever Indonesia down as much as 5.2%, Hanjaya Mandala 4%, Indofood CBP Sukses Makmur 4.2%
Gauge also set for biggest weekly loss in 2 months
Investors are unwinding positions and companies are expected to post lower-than-expected 2Q earnings, said Evan Lie Hadiwidjaja, head of research at Sinarmas Sekuritas
Investors also in wait-and-see mode as they wait for upcoming Fed rate announcement
“The Fed is signaling gradual rate cut, resulting in foreign outflow from emerging markets,” said Chandra Pasaribu, head of research at Yuanta Securities.
Bank Tabungan Negara 1H Net Income 1.3 Trln Rupiah, -8.7% Y/y
(Bloomberg) -- Bank Tabungan Negara reported net income for the first half of 1.3 trillion rupiah, -8.7% y/y.
1H net interest income 4.71 trillion rupiah, +0.5% y/y
NOTE:
14 buys, 8 holds, 0 sells
HM Sampoerna First Half Net Income 6.77 Trln Rupiah, +11% Y/y
(Bloomberg) -- HM Sampoerna reported net income for the first half of 6.77 trillion rupiah, +11% y/y.
1H revenue 50.72 trillion rupiah, +3.2% y/y
1H EPS 58 rupiah vs. 53 rupiah y/y
NOTE:
20 buys, 9 holds, 1 sell
AKR Corporindo 1H Net Income 390.77 Bln Rupiah, -65% Y/y
(Bloomberg) -- AKR Corporindo reported net income for the first half of 390.77 billion rupiah, -65% y/y.
1H revenue 9.71 trillion rupiah, -13% y/y
1H EPS 98 rupiah vs. 96 rupiah y/y
NOTE:
9 buys, 0 holds, 1 sell
Media Nusantara Cut to Trading Buy at Mirae Asset Daewoo
(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. analyst Christine Natasya downgraded the recommendation on Media Nusantara Citra Tbk PT to trading buy from buy.
PT raised to 1,700 rupiah from 1,500 rupiah, implies 21% increase from last close. Media Nusantara average PT is 1,363 rupiah
Media Nusantara had 9 buys, 5 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 4.6 percent in the past three months. Forecasts range from 875 rupiah to 1,700 rupiah.
Harum Downgraded to Hold at Danareksa; PT 1,500 Rupiah
(Bloomberg) -- Danareksa analyst Stefanus Darmagiri downgraded the recommendation on Harum Energy Tbk PT to hold from buy.
PT lowered to 1,500 rupiah from 2,000 rupiah, implies 13% increase from last close. Harum average PT is 1,516 rupiah
Harum had 2 buys, 3 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 12 percent in the past three months. Forecasts range from 1,400 rupiah to 3,250 rupiah.
Charoen Indonesia Extends Weekly Loss on Weak Profit Outlook
(Bloomberg) -- Shares of the animal feed and poultry firm Charoen Pokphand Indonesia have fallen 8% this week amid prospects for a weak 2019 performance.
Falls as much as 3.8% Friday; on trak for worst week in 2 months
Low prices for broilers and day-old chicks not expected to improve in short term and will squeeze margins, Ciptadana Sekuritas analyst Fahressi Fahalmesta says by phone
Average broiler price 14,000 rupiah/kg in June, compared with 20,000 rupiah/kg year ago: Ciptadana
“Average DOC price was reported at 3,000 rupiah per chick in June, while throughout last year price never reached that low,” says Fahalmesta
Looming drought will disturb harvests, preventing corn price to drop, Fahalmesta says
NOTE: Indonesia Warns of Failed Harvest, Forest Fires as Drought Looms
Recent news of Brazil’s victory over Indonesia on chicken imports at WTO have also created negative sentiment, says Fahalmesta
Ciputra Development Cut to Sell at Kresna Graha; PT 1,050 Rupiah
(Bloomberg) -- Kresna Securities analyst Franky Rivan downgraded the recommendation on Ciputra Development Tbk PT to sell from hold.
PT set to 1,050 rupiah, implies 18% decrease. Ciputra Development average PT is 1,340 rupiah
Ciputra Development had 25 buys, 4 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 2.7 percent in the past three months. Forecasts range from 1,050 rupiah to 1,600 rupiah.a
Gara-gara Cabai dan Emas, BI Ramal Inflasi Juli 0,23%
https://www.cnbcindonesia.com/news/20190726130553-4-87817/gara-gara-cabai-dan-emas-bi-ramal-inflasi-juli-023
Ini 3 Saham Penghuni Baru LQ45 & 3 yang Terdepak
https://www.cnbcindonesia.com/market/20190726151816-20-87874/ini-3-saham-penghuni-baru-lq45-3-yang-terdepak
Kredit Moncer, Laba BTN Semester I-2019 Tembus Rp 1,3 T
https://www.cnbcindonesia.com/market/20190726133230-17-87824/kredit-moncer-laba-btn-semester-i-2019-tembus-rp-13-t
H1-2019, Laba Bersih MNCN Melonjak 74%
https://www.cnbcindonesia.com/market/20190726134017-19-87827/h1-2019-laba-bersih-mncn-melonjak-74
Wah, Modal Asing Sudah Banjiri RI Rp 192,5 T
https://www.cnbcindonesia.com/news/20190726135635-4-87837/wah-modal-asing-sudah-banjiri-ri-rp-1925-t
Restatement & Batal Kontrak Mahata, Saham Garuda Amblas
https://www.cnbcindonesia.com/market/20190726120159-17-87792/restatement-batal-kontrak-mahata-saham-garuda-amblas
ASIA COAL: China Futures Set for Weekly Rise as Demand Climbs
(Bloomberg) -- Thermal coal for Sept. -0.1% to 591.6 yuan/ton on Zhengzhou Commodity Exchange at 9:20am local time, still holding near three-week high.
Futures +1% this week, heading for second weekly gain
“Electricity consumption in many provinces has now entered a peak season,” Nanhua Futures says in note. “The market is encouraged by the rise in daily coal consumption, which has bolstered prices this week”
NOTE: Daily coal use of six major coastal power plants rises to 767.5kt Thursday from 730.3kt day earlier and 625.2kt a week ago: CCTD
Australian Newcastle coal futures -0.3% to $75.50/ton on Thursday
NOTE: Zhengzhou contract based on coal with calorific value of 5,500 kcal/kg; Newcastle is 6,000 kcal/kg
Other thermal coal news:
Indonesia to Maintain Annual Coal Output for Next Five Years
PALM OIL: Futures on Track for Biggest Weekly Gain in 2 Months
(Bloomberg) -- Palm oil headed for its best weekly gain in more than two months, with delayed oilseed plantings due to scant monsoon rains in some parts of top buyer India and weather concerns in the U.S. hurting sentiment. U.S. Midwest soybean crops are facing escalating Dryness.
Merger Rampung, Laba Danamon Turun 10% (link: https://www.cnbcindonesia.com/market/20190724172655-17-87327/merger-rampung-laba-danamon-turun-10-jadi-rp18-t)
Bloomberg -- MPPA Shares rise by as much as 10.9%, most since Dec. 3, 2018, fuelled by better 2Q earnings prospects.
NO HOAX in CTA (Saham FX Gold). Proven & Profit Maker 🙏
Bank Central Asia 1H Net Income 12.9 Trln Rupiah, +13% Y/y
(Bloomberg) -- Bank Central Asia reported net income for the first half of 12.9 trillion rupiah, +13% y/y.
1H EPS 522 rupiah vs. 463 rupiah y/y
1H net interest income 24.63 trillion rupiah, +13% y/y
Bank Mandiri Raised to Buy at Samuel Sekuritas; PT 8,900 Rupiah
(Bloomberg) -- Samuel Sekuritas Indonesia analyst Suria Dharma upgraded the recommendation on Bank Mandiri Persero Tbk PT to buy from hold.
PT raised to 8,900 rupiah from 8,200 rupiah, implies 16% increase from last close. Bank Mandiri average PT is 8,897 rupiah
Bank Mandiri had 23 buys, 9 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 3.6 percent in the past three months. Forecasts range from 7,000 rupiah to 10,000 rupiah.
United Tractors’ June Heavy Equipment Sales Fall to 186 Units
(Bloomberg) -- Sales fell from 303 units in same period last year, co. says in stock exchange filing.
Sales dropped to 1,917 units in Jan.-June period from 2,400 units a year ago
Market share at 36% in 1H 2019
Matahari Department Continues Rising for Third Day on 2Q Outlook (SEE CTA CHART 5 Juli)
(Bloomberg) -- Shares rise by as much as 10.9%, most since Dec. 3, 2018, fuelled by better 2Q earnings prospects.
Shares gain for third day, the longest winning streak since May 21, 2019
NOTE: Matahari Department Rises Most in 4 Months on Better 2Q Outlook
Citi Sees Risk Garuda Breaches Loan Covenants If Deal Canceled
(Bloomberg) -- If Garuda’s deal with Mahata is canceled, that would likely lead to Garuda’s equity falling below covenant requirements under its Export Development Canada loan, which could lead to a cross default on the bonds, Citi said in a note.
NOTE: The airline booked revenue of $211.9 million from PT Mahata Aero Teknologi, its annual report showed. The contribution helped Garuda to report a net income of $809,846 last year compared with a loss in 2017.
Indonesia’s FSA Ordered Garuda to Restate 2018 Financial Report
“We think that the seriousness of the issue has the potential to create a continued overhang on Garuda credit even if the cross-default doesn’t play out”: Citi
“Given the noise, risk of cross-default, challenging operations and impending refinancing needs, Garuda 20s at par look mispriced to us and we retain our concern on the bonds”
NOTE: Garuda’s 2020 USD bonds fall most since issuance in 2015
Bank Danamon First Half Net Income 1.8 Trln Rupiah, -10% Y/y
(Bloomberg) -- Bank Danamon reported net income for the first half of 1.8 trillion rupiah, -10% y/y.
1H net interest income 7.09 trillion rupiah, -1.5% y/y
Gas Negara’s 2Q Performance Seen Weak on Low Volume: Citi
(Bloomberg) -- Below-guidance distribution volume indicates weak performance by Indonesian state gas distributor Perusahaan Gas Negara, according to Citi.
Distribution volume at 945 million cubic feet per day in second quarter, below FY2019 guidance of 960-970 mmcfd, writes analyst Salman Ali in report dated July 24
Volume at 932 mmcfd in first half
Distribution volume has been following declining trend, with peak in April at 1,003 mmcfd and June at 851 mmcfd
Margins assumption remain at $2.2 per British thermal unit
Trends in second quarter impacted by long holiday season
Cash gross profit could rise 4% on quarterly basis in second quarter
Details of margin cap implementation will become main share price catalyst, expected to be effective from this year’s second half
NOTE: Indonesia’s Listrik Negara Requesting Gas Price Cap: Bisnis
Gas Negara to announce second-quarter results in August
Astra Intl’s Market Share to Stay Solid, Profit Improve: Bahana
(Bloomberg) -- Successful launch of low-MPV models this year seen as maintaining the Indonesian automotive company’s solid market share, according to Bahana Sekuritas.
Several new models from competitors, introduced during annual Gaikindo Indonesia International Auto Show, not seen as game changers and not competing head-to-head with Astra’s low MPVs, writes analyst Anthony Yunus in report dated July 23
Average discounts stabilizing for Toyota and Daihatsu, which could indicate healthy levels of dealers’ inventories
Company’s profitability will improve with higher volumes
Downside risks to company seen from further deterioration in coal prices and lower-than-expected industry’s automotive sales volumes and pricing
Weakening coal prices to result in lower earnings contribution from unit United Tractors, a heavy equipment distributor
Bahana reaffirms buy rating on company
Bank Negara Indonesia Raised to Buy at Bahana Securities
(Bloomberg) -- Bahana Securities analyst Lucky Ariesandi upgraded the recommendation on Bank Negara Indonesia Persero Tbk PT to buy from hold.
PT lowered to 9,750 rupiah from 10,300 rupiah, implies 15% increase. Bank Negara Indonesia average PT is 10,251 rupiah
Bank Negara Indonesia had 24 buys, 7 holds, 1 sell previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 1.3 percent in the past three months. Forecasts range from 8,000 rupiah to 11,700 rupiah.
Goldman Says SE Asian Telco Stock Gains ‘Largely Unsustainable’
(Bloomberg) -- The strong performance of Southeast Asian telecom stocks this year will be “largely unsustainable” even as central banks in the region are expected to cut interest rates, says Goldman Sachs.
According to a study over past 19 years, Goldman analysts led by Miang Chuen Koh say the share price gains in telcos after a rate cut dissipates over 3-6 months
Interest rates expected to drop in Indonesia, Malaysia and Singapore
“Our findings suggest Asean telcos have a c.60% probability of underperforming their respective country benchmarks post rate cuts,” the Goldman analysts wrote in a note on Tuesday
Cuts Singtel to neutral from buy; reduces Starhub and Telekom Malaysia to sell from neutral
Raises Indosat and Link Net to buy from neutral
Ramayana Lestari Cut to Trading Buy at Mirae Asset Daewoo
(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. analyst Christine Natasya downgraded the recommendation on Ramayana Lestari Sentosa Tbk PT to trading buy from buy.
PT lowered to 1,550 rupiah from 2,000 rupiah, implies 15% increase from last close. Ramayana Lestari average PT is 1,834 rupiah
Ramayana Lestari had 17 buys, 7 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 0 percent in the past three months. Forecasts range from 1,140 rupiah to 2,200 rupiah.
Adhi Karya Rated New Trading Buy at Mirae Asset Daewoo
(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. initiated coverage of Adhi Karya Persero Tbk PT with a recommendation of trading buy.
PT set to 1,800 rupiah, implies 14% increase. Adhi Karya average PT is 2,109 rupiah
Adhi Karya had 15 buys, 4 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one- year target price for the stock by 2.8 percent in the past three months. Forecasts range from 1,800 rupiah to 3,000 rupiah.
Matahari Department Store Raised to Buy at Trimegah Securities
(Bloomberg) -- Trimegah Securities Tbk PT analyst Darien Sanusi upgraded the recommendation on Matahari Department Store Tbk PT to buy from sell.
PT raised to 4,500 rupiah from 4,400 rupiah, implies 25% increase. Matahari Department Store average PT is 5,032 rupiah
Matahari Department Store had 13 buys, 11 hold, 4 sells previously: Bloomberg data
Analysts lowered their consensus one- year target price for the stock by 15 percent in the past three months. Forecasts range from 3,195 rupiah to 11,700 rupiah.
Manulife Asset Stock Picker Sees Value in Indonesia, Malaysia
(Bloomberg) -- To pay a reasonable price for growth, Manulife Asset Management fund manager Kenglin Tan said she’s turned to Indonesian and Malaysian stocks.
While many parts of Asia are overpriced, Tan sees opportunities in markets that people are “most fearful of and uncertain about,” especially in stocks not included in benchmark indexes
NOTE: Tan declined to discuss individual companies
Tan is overweight Indonesia as she said people have overlooked the good things President Joko Widodo has done for the country, pointing to development of infrastructure such as toll roads and the MRT network, which she said will eventually shore up business activity
Also, it’s easy to find stocks with a 7% dividend yield in Indonesia, she said
NOTE: Jakarta Composite Index is up 3.4% in 2019; trades at 15.2 times estimated 12-month forward earnings
Mubadala, OMV, Chandri Asri to Cooperate on Indonesia Petchem
(Bloomberg) -- The three companies signed an agreement to explore joint projects in the petrochemical sector in Indonesia, Vienna-based OMV says in statement.
Cos. will set up working groups to define a schedule for evaluation
Chandri says it will select “strategic investors” soon
Chandri Asri plans to expand petchem capacity to over 8 million tons vs. 3.5m tons at the end of 2018
NOTE: Bisnis reported on July 22 that Chandri is to partner with Mubadala in constructing $2.5b plant
READ: Indonesia to Sign Up to $10B Investment Deals with UAE (1)
ASIA COAL: China Futures Gain for Fifth Day as Consumption Rises
(Bloomberg) -- Thermal coal for Sept. +0.3% to 594.8 yuan/ton on Zhengzhou Commodity Exchange at 10:04am local time, heading for highest close since July 2.
PALM OIL: Futures Advance to 1-Month High on Indian Demand Hopes
(Bloomberg) -- Palm oil futures climbed for a third day to the highest in a month on optimism that the world’s top importer will ramp up purchases. Sentiment is changing on export demand from India, said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental.
Ini rekomendasi analis untuk 10 saham pendorong IHSG sepanjang Juli 2019
(link: https://m.kontan.co.id/news/ini-rekomendasi-analis-untuk-10-saham-pendorong-ihsg-sepanjang-juli-2019)
Terus Melonjak, Analis Under Review Target Harga Saham BBRI & BBCA
(link: https://m.kontan.co.id/news/terus-melonjak-analis-under-review-target-harga-saham-bbri-bbca)
Buy the oversold & bullish divergence, sell the overbought.
(Bloomberg) -- Indonesia’s banks were upgraded to overweight from market weight as the central bank’s latest rate cut should boost their pre-provisioning profit growth next year, according to UOB Kay Hian.
Pre-provisioning profit growth seen rising by at least 17% in 2020, writes analyst Raphon Prima in report dated July 22
There is 83% possibility of pre-provisioning profit growth could accelerate after rate cut, based on last three rate cuts in 2009, 2012 and 2015
UOB foresees more cuts in 2019-20
Stable non- performing loan ratio and high coverage ratio should lift the banks’ net income growth to 20% in 2020
Top picks are Bank Negara Indonesia, Bank Mandiri and Bank Rakyat Indonesia; all rated buy
Bank Central Asia maintained hold due to its expensive valuation
Chandra Asri Rises to Highest in 14 Months on UAE Partnership
(Bloomberg) -- Shares rose by as much as 8% to highest since May 2018 on report that the Indonesian petrochemicals producer is planning to partner with United Arab Emirates’ Mubadala Investment.
NOTE: Chandra Asri to Sign Investment Deal with UAE’s Mubadala: Bisnis
Shares of Barito Pacific, parent of Chandra Asri, increased by as much as 3% to highest in more than 2 months
PALM OIL: Futures Gain as Firmer Crude Oil Raises Biofuel Appeal
(Bloomberg) -- Palm oil futures bounced back on expectations that firmer petroleum prices will make the tropical oil more attractive for blending into biofuel. Oil prices extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the country’s largest field.
Mayora Indah Rises to 1-Week High on First Half Earnings
(Bloomberg) -- Shares rose by as much as 5.4% after Indonesian consumer goods producer reported a 9.7% increase in first half net income.
NOTE: Mayora Indah First Half Net Income 807.5 Bln Rupiah, +9.7% Y/y
Rupiah Falls in Line with Broad EM Weakness: Inside Indonesia
(Bloomberg) -- Indonesia’s rupiah falls after hitting the highest level in 13 months on Friday, following emerging-market currencies lower as investors reprice bets size of Fed rate this month
USD/IDR gains 0.2% at 13,960 after dropping for 2 consecutive days
Market is now back close to a 25bp cut compared with last week, after comments from Fed officials Williams and Clarida, says Craig Chan, global head of FX strategy at Nomura in Singapore
He says market was pricing in around 39bp of a cut then, and the repricing of the Fed cut has driven USD/IDR slightly higher
Week Ahead: Volatility Likely To Spike Amid Busiest Earnings Season Week
(link: https://www.google.com/amp/s/m.investing.com/analysis/week-ahead-volatility-to-spike-during-busiest-earnings-week-200442282%3fampMode=1)
Bursa Bakal Bikin Galau
(link: https://www.cnbcindonesia.com/market/20190721182910-17-86439/duh-bursa-pekan-depan-bakal-bikin-galau)
Simak Saham Pilihan Broker Hari Ini!
(link: https://www.cnbcindonesia.com/market/20190722083244-17-86469/tunggu-data-fdi-simak-saham-pilihan-broker-hari-ini)
IHSG target CTA di 6.458 DONE, HMSP TINS PTBA BOW 👍
3 charts DJIA index, Gold (XAUUSD), USD index, jelang FOMC Meeting (30-31 Juli) di prediksi akan pangkas suku bunga 25 bsp (rumor di market Fed akan pangkas 50 bsp).
IHSG
6,445.131 +41.837 (+0.65%) YTD +3.371%
Last updated: 11:30:00 WIB | 19/07/2019 |
PREV.CLOSE 6,403.294 DAY RANGE 6,417.443 - 6,446.804
OPEN 6,417.443 52 - WEEK RANGE 5,621.604 - 6,636.332
Rekor Lagi! Kapitalisasi Saham BCA Siap Menuju Rp 800 T
https://www.cnbcindonesia.com/market/20190719101626-17-86076/rekor-lagi-kapitalisasi-saham-bca-siap-menuju-rp-800-t?utm_source=notifikasi&utm_campaign=browser&utm_medium=desktop
5 BUMN Diminta RUPSLB, Ganti Direksi atau Komisaris?
https://www.cnbcindonesia.com/market/20190719084628-17-86056/5-bumn-diminta-rupslb-ganti-direksi-atau-komisaris
Mantap! Harga Emas Global & Emas Antam Hari Ini Rekor
https://www.cnbcindonesia.com/investment/20190719092216-21-86061/mantap-harga-emas-global-emas-antam-hari-ini-rekor
Barito Pacific’s Shareholders Approve 5-for-1 Stock Split Plan
PP-Wijaya Karya Wins Semarang-Demak Toll Road Project: Detik
(Bloomberg) -- Indonesia’s PP, Wijaya Karya and Misi Mulia Metrical win the concession of the 15t rupiah toll road, Detik reports.
Companies should establish a dedicated joint venture for the project and sign concession agreement no later than 3 months, Danang Parikesit, Public Works and Housing Ministry’s head of toll road regulator, says as cited by the news portal
Project has a 35-year concession period and construction is targeted to be completed in 2 years
NOTE: PP and Wijaya Karya are state owned builders.
Lippo Karawaci’s 1H Marketing Sales Rise 84% to 835B Rupiah
(Bloomberg) -- Company optimistic to achieve FY 2019 marketing sales target of 5.7t rupiah, it says in statement.
5.7t rupiah target has taken into account sales from mall divestment
1H increase primarily driven by sales in Jan.-March period, while sales in 2Q was lower as anticipated due to the holy season and elections
Mitra Adiperkasa Downgraded to Hold at Maybank; PT 1,000 Rupiah
(Bloomberg) -- Maybank Kim Eng analyst Janni Asman downgraded the recommendation on Mitra Adiperkasa Tbk PT to hold from buy.
PT set to 1,000 rupiah, implies 4.2% increase. Mitra Adiperkasa average PT is 1,163 rupiah
Mitra Adiperkasa had 19 buys, 3 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 2.1 percent in the past three months. Forecasts range from 765 rupiah to 1,300 rupiah.
Performance Metrics
Investors who followed Asman's recommendation would have received a 24 percent return in the past year, the same as the company's performance.
ASIA COAL: China Futures Up 2nd Day as Power Demand Seen Rising
(Bloomberg) -- Thermal coal for Sept. +1.1% to 585.8 yuan/ton on Zhengzhou Commodity Exchange as of 11:15am local time.
Futures +0.7% so far this week, first weekly gain in four
Electricity demand for residential use, manufacturing and service industries is increasing, while the rainy season is ending in the hydropower-reliant southern part of the nation and temperatures rise, Huatai Futures analyst Sun Hongyuan says in note
Daily consumption by power plants is increasing while coal prices start to stabilize after a recent slide: Sun
NOTE: Daily consumption of six major coastal power plants seen at 651.4k tons Friday, up from 625.2k tons the previous day and 607.2k tons a week ago: CCTD
Australian Newcastle coal futures -0.4% to $75.75/ton on Thursday
NOTE: Zhengzhou contract based on coal with calorific value of 5,500 kcal/kg; Newcastle is 6,000 kcal/kg
Other thermal coal news:
China’s Coal Association Says Regulator to Slash Imports This Half
Rupiah Rallies on Inflow Bets, Weaker Dollar: Inside Indonesia
(Bloomberg) -- Indonesia’s rupiah climbs to the highest in more than a year, as a pledge by the central bank to ease policy further fueled speculation that inflows will quicken. The dollar’s drop Thursday also helps.
USD/IDR declines 0.4% to 13,909 and reached 13,893, lowest since June 2018. Pair has fallen 0.7% since July 12, on track for a fifth week of losses
Bank Indonesia cut the benchmark rate by 25bps on Thursday, and said there’s still room for an accommodative monetary policy in line with the low inflation estimate and the need to drive growth further
“IDR stability is likely to be maintained, which allows the domestic market to withstand some further interest-rate cuts when the Fed is also expected to cut,” says Frances Cheung, head of Asia macro strategy at Westpac Banking in Singapore
“Although yield differential over UST has narrowed, it remains attractive, sustaining bond inflows,” she adds
Indonesia’s 10-year bond yield falls 2bps to 7.12%, taking its five-day drop to 9bps
Global funds sold a net $22.2m of Indonesian equities Thursday and bought $71.7m of the nation’s bonds on July 16.
Alam Sutera Raised to Buy as 2H Sales Seen Rising: UOB Kay Hian
(Bloomberg) -- Property developer raised from hold on the back of expectation that pre-sales will be higher in the second half than the previous half on lower interest rates, according to UOB Kay Hian.
Residential pre-sales rose when Bank Indonesia’s rate was cut, based on historical data, analyst Silvia Dwiputri writes in report dated July 18
Secured contracts and new apartment projects will boost pre-sales in the second half
Company’s leverage seen healthier, supported by rupiah appreciation against U.S. dollar
Company booked 1.3 trillion rupiah pre-sales in the first half, equal to 28.4% of UOB Kay Hian’s full-year estimate
UOB Kay Hian raises its forecast on company’s 2019 revenue by 11% and core profit by 6%
PT raised to 390 rupiah from 320 rupiah
Bank Mandiri Upgraded to Buy at PT Sinarmas; PT 9,300 Rupiah
(Bloomberg) -- PT Sinarmas Sekuritas analyst Evan Lie Hadiwidjaja upgraded the recommendation on Bank Mandiri Persero Tbk PT to buy from neutral.
PT raised to 9,300 rupiah from 7,600 rupiah, implies 18% increase. Bank Mandiri average PT is 8,748 rupiah
Bank Mandiri had 22 buys, 10 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 2.7 percent in the past three months. Forecasts range from 7,000 rupiah to 10,000 rupiah.
Performance Metrics
Investors who followed Hadiwidjaja's recommendation would have received a 13 percent return in the past year, compared with the 30 percent return on the shares.
Bank Mandiri reported earnings that trailed estimates for the quarter on Jul 17.
HM Sampoerna Reinstated Buy at Samuel Sekuritas; PT 3,815 Rupiah
(Bloomberg) -- Samuel Sekuritas Indonesia reinstated coverage of Hanjaya Mandala Sampoerna Tbk PT with a recommendation of buy.
PT set to 3,815 rupiah, implies 24% increase. HM Sampoerna average PT is 3,930 rupiah
HM Sampoerna had 18 buys, 9 holds, 2 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 7.3 percent in the past three months. Forecasts range from 2,900 rupiah to 4,700 rupiah.
Astra Intl. Cut to Neutral at Credit Suisse; PT 7,200 Rupiah
(Bloomberg) -- Credit Suisse analyst Andri Ngaserin downgraded the recommendation on Astra International Tbk PT to neutral from outperform.
PT lowered to 7,200 rupiah from 8,100 rupiah, implies 1.4% increase from last close. Astra Intl. average PT is 8,445 rupiah
Astra Intl. had 26 buys, 5 holds, 1 sell previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 2.5 percent in the past three months. Forecasts range from 7,200 rupiah to 10,000 rupiah.
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Indonesian Banks Upgraded on Higher Earnings Outlook: UOB
(Bloomberg) -- Indonesia’s banks were upgraded to overweight from market weight as the central bank’s latest rate cut should boost their pre-provisioning profit growth next year, according to UOB Kay Hian.
Pre-provisioning profit growth seen rising by at least 17% in 2020, writes analyst Raphon Prima in report dated July 22
There is 83% possibility of pre-provisioning profit growth could accelerate after rate cut, based on last three rate cuts in 2009, 2012 and 2015
UOB foresees more cuts in 2019-20
Stable non- performing loan ratio and high coverage ratio should lift the banks’ net income growth to 20% in 2020
Top picks are Bank Negara Indonesia, Bank Mandiri and Bank Rakyat Indonesia; all rated buy
Bank Central Asia maintained hold due to its expensive valuation
Chandra Asri Rises to Highest in 14 Months on UAE Partnership
(Bloomberg) -- Shares rose by as much as 8% to highest since May 2018 on report that the Indonesian petrochemicals producer is planning to partner with United Arab Emirates’ Mubadala Investment.
NOTE: Chandra Asri to Sign Investment Deal with UAE’s Mubadala: Bisnis
Shares of Barito Pacific, parent of Chandra Asri, increased by as much as 3% to highest in more than 2 months
PALM OIL: Futures Gain as Firmer Crude Oil Raises Biofuel Appeal
(Bloomberg) -- Palm oil futures bounced back on expectations that firmer petroleum prices will make the tropical oil more attractive for blending into biofuel. Oil prices extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the country’s largest field.
Mayora Indah Rises to 1-Week High on First Half Earnings
(Bloomberg) -- Shares rose by as much as 5.4% after Indonesian consumer goods producer reported a 9.7% increase in first half net income.
NOTE: Mayora Indah First Half Net Income 807.5 Bln Rupiah, +9.7% Y/y
Rupiah Falls in Line with Broad EM Weakness: Inside Indonesia
(Bloomberg) -- Indonesia’s rupiah falls after hitting the highest level in 13 months on Friday, following emerging-market currencies lower as investors reprice bets size of Fed rate this month
USD/IDR gains 0.2% at 13,960 after dropping for 2 consecutive days
Market is now back close to a 25bp cut compared with last week, after comments from Fed officials Williams and Clarida, says Craig Chan, global head of FX strategy at Nomura in Singapore
He says market was pricing in around 39bp of a cut then, and the repricing of the Fed cut has driven USD/IDR slightly higher..
Jokowi Rilis Diskon Pajak, Saham Kawasan Industri Melesat! cnbcindonesia.com/market/2019070…
SSIA diatas 680 & 830 berpeluang menuju supply area 920/970.
BEST diatas 274-280 & 338 berpeluang menuju area 370/410.
DMAS diatas 250 & 300 berpeluang menuju area 330/350.
Bank Mandiri’s 1H Net Income Rises 11% Y/y to 13.5T Rupiah
(Bloomberg) -- Loans grew 12.1% Y/y to 690.5t rupiah in Jan.-June period, according to Corporate Secretary Rohan Hafas. Co. maintains loan growth target at 11%-13% for this year, Hafas tells reporters in Jakarta on Wednesday
Gross NPL at 2.59% as of end June.
Astra International Drops Most In 10 Months on Weak Car Sales
(Bloomberg) -- Astra International shares drop as much as 3.7%, the most since May 9, after June car sales data pointed to continuing weakness in sales.
Astra shares provided biggest drag for Jakarta Composite Index which falls 0.2%
Shares -12% this year vs. +3.2% in Jakarta Composite
Car sales for June +1.2% Y/y but drop 29% M/m, according to industry data provided by the company
1H car sales was 13% lower than the same period last year
Shares of other automotive distributors Indomobil Sukses Internasional -1.6%, Mitra Pinasthika Mustika -1.3%
NOTE: Indonesia June Automotive Sales Rises Y/y to 59,539 Units.
PALM OIL: Futures Drop as India Mulls Duty Hike on Malaysia Palm
Indonesia Waives VAT for Imports of Vessel, Airplane, Parts
(Bloomberg) -- Indonesia to waive value added tax on imports of ships, aircraft and their parts for commercial use in order to boost competitiveness of the domestic industry, the Cabinet Secretariat says in statement posted on website.
Welcome Earning Season! Simak Pula Aksi Korporasi Emiten
(Bloomberg) -- Loans grew 12.1% Y/y to 690.5t rupiah in Jan.-June period, according to Corporate Secretary Rohan Hafas. Co. maintains loan growth target at 11%-13% for this year, Hafas tells reporters in Jakarta on Wednesday
Gross NPL at 2.59% as of end June.
Astra International Drops Most In 10 Months on Weak Car Sales
(Bloomberg) -- Astra International shares drop as much as 3.7%, the most since May 9, after June car sales data pointed to continuing weakness in sales.
Astra shares provided biggest drag for Jakarta Composite Index which falls 0.2%
Shares -12% this year vs. +3.2% in Jakarta Composite
Car sales for June +1.2% Y/y but drop 29% M/m, according to industry data provided by the company
1H car sales was 13% lower than the same period last year
Shares of other automotive distributors Indomobil Sukses Internasional -1.6%, Mitra Pinasthika Mustika -1.3%
NOTE: Indonesia June Automotive Sales Rises Y/y to 59,539 Units.
PALM OIL: Futures Drop as India Mulls Duty Hike on Malaysia Palm
Indonesia Waives VAT for Imports of Vessel, Airplane, Parts
(Bloomberg) -- Indonesia to waive value added tax on imports of ships, aircraft and their parts for commercial use in order to boost competitiveness of the domestic industry, the Cabinet Secretariat says in statement posted on website.
Welcome Earning Season! Simak Pula Aksi Korporasi Emiten
Selain BCA & BRI Rekor Lagi, Simak 4 Aksi Korporasi Emiten
Ini Dia Jawara Investasi di 5 Tahun Pertama Jokowi
HM Sampoerna Downgraded to Hold at Maybank; PT 3,300 Rupiah
(Bloomberg) -- Maybank Kim Eng analyst Janni Asman downgraded the recommendation on Hanjaya Mandala Sampoerna Tbk PT to hold from buy.
PT lowered to 3,300 rupiah from 4,500 rupiah, implies 8.6% increase from last close. HM Sampoerna average PT is 3,930 rupiah
HM Sampoerna had 19 buys, 8 holds, 2 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 7.3 percent in the past three months. Forecasts range from 2,900 rupiah to 4,700 rupiah.
PP London Sumatra Cut to Hold at DBS Bank; PT 1,200 Rupiah
(Bloomberg) -- DBS Bank analyst William Simadiputra downgraded the recommendation on Perusahaan Perkebunan London Sumatra Indonesia Tbk PT to hold from buy.
PT lowered to 1,200 rupiah from 1,400 rupiah, implies 6.7% increase from last close. PP London Sumatra average PT is 1,329 rupiah
PP London Sumatra had 14 buys, 3 holds, 1 sell previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 9.9 percent in the past three months. Forecasts range from 1,030 rupiah to 2,000 rupiah.
Performance Metrics
Investors who followed Simadiputra's recommendation would have received a 23 percent return in the past year, the same as the company's performance.
Sri Rejeki Isman First Half Net Income $63.3 Mln, +12% Y/y
(Bloomberg) -- Sri Rejeki Isman reported net income for the first half of $63.3 million, +12% y/y.
1H revenue $631.6 million, +16% y/y
Fed Will Only Cut Interest Rates Once in 2019, Fitch Says
(Bloomberg) -- The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs growth in the U.S., Fitch Ratings said.
A 25bp cut now appears probable at either the July or September FOMC meeting but is unlikely to signal the start of a series of interest rate cuts, in contrast to the path currently priced into Fed funds futures markets, it said in a statement on Monday
Fitch said dovish congressional testimony from Fed Chairman Powell last week suggests that an interest rate cut looks likely later in 2019
*MOODY'S DOWNGRADES AGUNG PODOMORO LAND TO B2; RATINGS ON REVIEW
Pasca Rekonsiliasi, Ini Saham-saham Layak Beli versi Broker
https://www.cnbcindonesia.com/market/20190716075250-17-85170/pasca-rekonsiliasi-ini-saham-saham-layak-beli-versi-broker
IHSG naik, simak rekomendasi ISAT, DILD, dan BMRI untuk hari ini
https://investasi.kontan.co.id/news/ihsg-naik-simak-rekomendasi-isat-dild-dan-bmri-untuk-hari-ini
Nah Lho! Cukai Bisa Naik Lagi, Begini Nasib Saham Rokok
https://www.cnbcindonesia.com/market/20190716094403-17-85194/nah-lho-cukai-bisa-naik-lagi-begini-nasib-saham-rokok
Ini Dia Jawara Investasi di 5 Tahun Pertama Jokowi
https://www.cnbcindonesia.com/investment/20190715180037-21-85106/ini-dia-jawara-investasi-di-5-tahun-pertama-jokowi
Selain BCA & BRI Rekor Lagi, Simak 4 Aksi Korporasi Emiten
https://www.cnbcindonesia.com/market/20190716075912-17-85172/selain-bca-bri-rekor-lagi-simak-4-aksi-korporasi-emiten
Saham Adhi Karya masih direkomendasikan beli meski kontrak baru hanya 18% target
https://investasi.kontan.co.id/news/saham-adhi-karya-masih-direkomendasikan-beli-meski-kontrak-baru-hanya-18-target
Bekasi Fajar (BEST) segera jual lahan industri ke perusahaan baterai asal China
https://investasi.kontan.co.id/news/bekasi-fajar-best-segera-jual-lahan-industri-ke-perusahaan-baterai-asal-china
Gilak! Saham TRIO Melesat 752%, gegara IMEI atau Kinerja?
https://www.cnbcindonesia.com/market/20190716091345-17-85189/gilak-saham-trio-melesat-752-gegara-imei-atau-kinerja
Wow! Lippo Karawaci Dapat Rp 11 T & Punya Pemegang Saham Baru
https://www.cnbcindonesia.com/market/20190716102507-17-85216/wow-lippo-karawaci-dapat-rp-11-t-punya-pemegang-saham-baru
Efek Testimoni Powell Hilang, Sesi I IHSG - 0,34% https://www.cnbcindonesia.com/market/20190712121005-17-84477/efek-testimoni-powell-hilang-sesi-i-ihsg-terkoreksi-034
Ssst... Jokowi Sudah Kantongi Nama Menteri Baru, Siapa Saja?https://www.cnbcindonesia.com/news/20190712124729-4-84491/ssst-jokowi-sudah-kantongi-nama-menteri-baru-siapa-saja Neraca Dagang Juni Diramal Surplus US$ 516 Juta https://www.cnbcindonesia.com/market/indeks/5/3?kanal=5&date= IHSG masih hold prediksi IHSG break 6.337 TP 6.365/6.458 gap, di tengah isu kabinet & BI meeting (17-18 Juli).
Trump Komentari China, Pasar Saham Global Labil
https://market.bisnis.com/read/20190712/7/1123532/trump-komentari-china-pasar-saham-global-labil
Penjualan Ramayana (RALS) Didorong Segmen Fesyen
https://market.bisnis.com/read/20190712/192/1123502/penjualan-ramayana-rals-didorong-segmen-fesyen
REKOMENDASI SAHAM: Proyek Kereta Cepat Dorong WIKA Menuju Rp3.000?
https://market.bisnis.com/read/20190712/7/1123486/rekomendasi-saham-proyek-kereta-cepat-dorong-wika-menuju-rp3.000
ASIA WEEK AHEAD: China GDP; Korea, Indonesia Rates; Japan CPI
Indonesia’s June Cement Consumption Rises 16% Y/y to 3.86M Tons
(Bloomberg) -- Sales increased from 3.32m tons in same period year ago, according to Semen Indonesia citing Indonesian Cement Association data.
Jan.-June domestic cement sales -3.7% to 25.75m tons
Total exports which consist of cement and clinker -66.5% to 201,191 tons
Semen Indonesia group sold 2.37m tons of cement in June, rising 32%
Jan.-June cement sales +35.3% to 17.5m tons
Bank Indonesia Seen Doing More Than One and Done Cut
(Bloomberg) -- Traders are betting Bank Indonesia will follow up next week's expected 25 bp rate cut. That's tied to expectations that the Fed is also likely to carry out multiple easings, which does leave Jakarta's markets on high alert for U.S. policy musings. The 1-month JIBOR has been declining steeply since June, as traders assume Bank Indonesia will follow the Fed in lock step. With Chairman Powell seemingly intent on a July cut, BI Governor Perry Warjiyo Bank faces pressure to move next Thursday rather than risk being behind the Fed's curve. And he is likely to go on being guided by the Fed's likely path. To contact the reporter on this story: Marcus Wong in Singapore at mwong547@bloomberg.net
Saham BCA & BRI Rekor, Bobot Sektor Perbankan Capai 33,5% https://www.cnbcindonesia.com/market/20190712132022-17-84506/saham-bca-bri-rekor-bobot-sektor-perbankan-capai-335 Nasib PKP2B Tak Jelas, Saham Batu Bara Bertumbangan https://www.cnbcindonesia.com/market/20190712135001-17-84519/nasib-pkp2b-tak-jelas-saham-batu-bara-bertumbangan Bagai Bumi & Langit, Semen China Rp34 Ribu, Lokal Rp48 Ribu! https://www.cnbcindonesia.com/news/20190712120238-4-84473/bagai-bumi-langit-semen-china-rp34-ribu-lokal-rp48-ribu Tanito Tumbang, 7 Tambang Batu Bara Ini Cemas Bukan Main https://www.cnbcindonesia.com/market/20190712095725-17-84415/tanito-tumbang-7-tambang-batu-bara-ini-cemas-bukan-main Tak Mau Kalah dengan Softex, Charm Juga akan IPO Tahun Ini https://www.cnbcindonesia.com/market/20190712130527-17-84504/tak-mau-kalah-dengan-softex-charm-juga-akan-ipo-tahun-ini Peritel Modern Tertekan, Masih Layak Dikoleksi Sahamnya? https://www.cnbcindonesia.com/market/20190711185958-17-84318/peritel-modern-tertekan-masih-layak-dikoleksi-sahamnya Pasca Lippo Karawaci (LPKR) rights issue , begini rekomendasi analis https://investasi.kontan.co.id/news/pasca-lippo-karawaci-lpkr-rights-issue-begini-rekomendasi-analis Emiten Lippo Group mayoritas menghijau, ini rekomendasi saham analis https://investasi.kontan.co.id/news/emiten-lippo-group-mayoritas-menghijau-ini-rekomendasi-saham-analis Dalam 5 tahun saham Unilever (UNVR) naik 57%, simak perkembangannya https://investasi.kontan.co.id/news/dalam-5-tahun-terakhir-saham-unilever-unvr-naik-57-simak-perkembangannya Kemarin saham emiten ayam merosot tajam, tapi dalam sepekan CPIN, JPFA masih cuan https://investasi.kontan.co.id/news/kemarin-saham-emiten-ayam-merosot-tajam-tapi-dalam-sepekan-cpin-jpfa-masih-cuan Ini cara gampang pantau situasi bursa saham dengan sekali pandang https://investasi.kontan.co.id/news/ini-cara-gampang-pantau-situasi-bursa-saham-dengan-sekali-pandang
Jokowi Reforms Trigger Stock Rally for Some Property Developers
Goldman Sees Risk Indonesia May Cut Rates by More Than 50bps (Bloomberg) -- The dovish shift from the Federal Reserve allows Indonesian policy to focus on domestic priorities with Bank Indonesia having "significant room" to cut policy rates, according to Goldman Sachs Group Inc. "Should the external environment stay benign, we see the risk that Bank Indonesia eases policy rates by more than the 50bps we currently forecast," analysts Jonathan Sequeira and Andrew Tilton write in note published Thursday NOTE: Indonesia Signals Rate Cut Is Coming as Reserve Ratio Eased (1) NOTE: Bank Indonesia scheduled to announce policy on July 18 Given structural constraints, the choice for policymakers is to choose to keep a lid on the current account deficit, thereby keeping policy relatively tight and putting a ceiling on how fast the economy can grow, or to ease policy and allow the current account deficit to drift higher, at least in the short term: Goldman Sachs Goldman Sachs forecasts Indonesia’s GDP at 4.9% in 2019 Inflation forecast at 2.9% in 2019 Ramayana Shares Fall to Lowest This Year on Weak June Sales (Bloomberg) -- Shares drop by as much as 7.6% to the lowest level this year as the company’s June gross sales missed expectations. Gross sales were reported at 1.08t rupiah in June, with 5.26t rupiah sales in first half June figure was 12% below the 1.25t rupiah monthly target, while Jan.-June sales were 2% below target, Mandiri Sekuritas analysts Adrian Joezer and Lakshmi Rowter write in report dated July 11 Preliminary gross profit seen at 1.55t rupiah in first half, implying 2.9% yearly growth, which is weaker relative to first quarter at 6.8% “The street currently estimates 2019 gross profit decline of 1.9% year-on- year, but an EBIT increase of 9.8% year-on-year,” write Joezer and Rowter Mandiri Sekuritas maintains buy rating with PT of 1,700 rupiah Ciputra Development’s Target Raised 36% on Better Outlook: UOB (Bloomberg) -- Ciputra Development’s share price target raised to 1,500 rupiah from 1,100 rupiah as company has achieved 40% of its full-year pre-sales target in first half, according to UOB Kay Hian Sekuritas. In Jan.-June period, company booked 2.41t rupiah of 2019 pre- sales target of 6.02t rupiah, writes analyst Silvia Dwiputri in report dated July 11 Anticipated policy rate cut by Bank Indonesia, following Fed rate cut, will benefit company as well Company’s pre-sales target in past years show positive growth amid declining interest rate environment UOB Kay Hian confident about Ciputra’s pre-sales growth in second half Company seen able to achieve rest of its 2019 target with four upcoming project launches in second half Management’s efforts in capital management seen positive to company’s balance sheet outlook UOB Kay Hian raises net income estimates by 12% for 2019 and by 42% for 2020 Net income estimated at 1.10t rupiah this year UOB Kay Hian maintains buy recommendation Shares up as much as 2.7%
Indonesia’s June Palm Oil Exports Fall to 1,69M Tons: Intertek (Bloomberg) -- Shipments declined from 2.296m tons in previous month, according to Intertek. Exports to China rose to 366,773 tons from 336,721 tons, while shipments to EU dropped to 468,615 tons from 648,505 tons India and subcontinent accounted for 364,783 tons vs 610,310 tons NOTE: Palm Oil Market Is a ‘Falling Knife’ Heading Toward Decade Lows
Ini Deretan Usaha yang Dapat Pengurangan 'Pajak Super' Jokowi https://www.cnbcindonesia.com/news/20190709105857-4-83593/ini-deretan-usaha-yang-dapat-pengurangan-pajak-super-jokowi
Bumi Confirms Payment of $30.99M as Bond Principal, Interest
(Bloomberg) -- Payment represented $22.54m principal and $8.54m interest for Tranche A, Bumi Resources says in stock exchange filing.
Co. made the 6th quarterly payment on Tuesday
Co. has now paid total $270.4m in cash, consisting of Tranche A principal of $168m and interest of $102.4m, including accrued and back interest
Next quarterly for Tranche A is in Oct.
PIK coupons from April 11 to July 9 on Tranche B and C are being capitalized: filing
Indonesia Banking Stocks Downgraded on Tight Liquidity: Maybank
(Bloomberg) -- Banking sector downgraded to neutral from positive as liquidity remains challenging, according to Maybank Kim Eng Sekuritas.
No drastic cut seen in benchmark rates as Bank Indonesia wants to avoid destabilizing currency, Maybank Kim Eng analyst Rahmi Marina writes in report dated July 8
Maybank Kim Eng factors in 50bps cut in policy rate for next 12 months
Signs also emerge that credit disbursement will ease this year
Credit growth seen at 10.5% on year
Maybank Kim Eng maintains positive view on longer-term fundamentals
Bank Negara Indonesia remains top pick with ample liquidity to support credit expansion
Maybank Kim Eng sees risks coming from escalating trade tensions between U.S. and China and wider trade deficit in Indonesia, which may reduce FX reserves
Jakarta Composite Seen Rallying to Record by Year-End: Ciptadana
(Bloomberg) -- Jakarta benchmark gauge expected to rally to 6,750 by end of 2019 on global economic improvement and optimism of rate cut in Indonesia, according to Ciptadana Sekuritas.
U.S.-China trade talks may result in positive short-term outcome, Ciptadana analyst Arief Budiman writes in report dated July 8
Lower interest rate revision by Fed and expectation of imminent rate cut cycle in Indonesia in 2H support JCI outlook
Ciptadana expects 50 bps rate cuts in Indonesia in 2H
Earnings in second quarter expected to marginally surpass performance in previous quarter
Stronger earnings seen in telcos, banks, consumer staples, retail, healthcare, contractors, media and oil and gas stocks
Lower earnings seen in auto, CPO, metals, property, cement and poultry stocks
Ciptadana holds mixed view on coal and toll road stocks
Ciptadana maintains aggregate earnings forecast at 11.1% year-on-year in 2019 and 10.5% in 2020
Ciptadana’s top picks for 2H are Bank Rakyat Indonesia, Bank Tabungan Pensiunan Nasional Syariah, Indofood CBP Sukses Makmur, Gudang Garam, Telekomunikasi Indonesia, Perusahaan Gas Negara, Wijaya Karya and PP
NOTE: JCI +2.8% year-to-date
Terungkap! Regulasi IMEI Sudah Digodok Sejak 3 Tahun Terakhir
https://www.cnbcindonesia.com/fintech/20190709143005-37-83658/terungkap-regulasi-imei-sudah-digodok-sejak-3-tahun-terakhir
Emiten Ramai-ramai Rights Issue, Apa Dampak Bagi Investor?
https://www.cnbcindonesia.com/market/20190709132836-17-83645/emiten-ramai-ramai-rights-issue-apa-dampak-bagi-investor
Jokowi Rilis Diskon Pajak, Saham Kawasan Industri Melesat!
https://www.cnbcindonesia.com/market/20190709123820-17-83633/jokowi-rilis-diskon-pajak-saham-kawasan-industri-melesat
Revisi PP Minerba Deadlock! Saham Emiten Batu Bara Berguguran
https://www.cnbcindonesia.com/market/20190709101139-17-83575/revisi-pp-minerba-deadlock-saham-emiten-batu-bara-berguguran
Penjualan Ritel Tumbuh, Tapi Sinyal Perlambatan Kian Terasa
https://www.cnbcindonesia.com/news/20190709104836-4-83588/penjualan-ritel-tumbuh-tapi-sinyal-perlambatan-kian-terasa
Hati-hati! Listing Sepekan, Emiten Logistik Ini Meroket 462%
https://www.cnbcindonesia.com/market/20190709104036-17-83586/hati-hati-listing-sepekan-emiten-logistik-ini-meroket-462
Naik 169% dalam tiga bulan, saham Sentral Mitra (LUCK) kena suspend
https://investasi.kontan.co.id/news/naik-169-dalam-tiga-bulan-saham-sentral-mitra-luck-kena-suspend
China Serius Kurangi Polusi Udara, Harga Batu Bara Anjlok
https://www.cnbcindonesia.com/market/20190709104959-17-83585/china-serius-kurangi-polusi-udara-harga-batu-bara-anjlok Week Ahead: Equity Market Volatility Expected Ahead Of Fed
https://m.investing.com/analysis/week-ahead-200437439
Simak Saran Broker
https://www.cnbcindonesia.com/market/20190708081524-17-83243/bingung-mau-jajan-saham-simak-saran-dari-broker Ini 10 Saham LQ45 dengan PER Terendah (5/7)
https://m.kontan.co.id/news/empat-saham-turun-bareng-ihsg-ini-10-saham-lq45-dengan-per-terendah-57 Ini Deretan Sentimen Penggerak IHSG Pekan Ini https://www.cnbcindonesia.com/market/20190707194609-17-83215/simak-ini-deretan-sentimen-penggerak-ihsg-pekan-depan
Bank Mandiri Downgraded to Hold at Maybank; PT 8,500 Rupiah (Bloomberg) -- Maybank Kim Eng analyst Rahmi Sari Marina downgraded the recommendation on Bank Mandiri Persero Tbk PT to hold from buy. PT raised to 8,500 rupiah from 8,275 rupiah, implies 8.3% increase. Bank Mandiri average PT is 8,814 rupiah Bank Mandiri had 23 buys, 9 holds, 0 sells previously: Bloomberg data Analysts raised their consensus one-year target price for the stock by 2.1 percent in the past three months. Forecasts range from 7,000 rupiah to 10,069 rupiah. Performance Metrics Investors who followed Marina's recommendation would have received a 8.3 percent return in the past year, compared with the 24 percent return on the shares. Bank Rakyat Indonesia Cut to Neutral at Macquarie (Bloomberg) -- Macquarie analyst Jayden Vantarakis downgraded the recommendation on Bank Rakyat Indonesia Persero Tbk PT to neutral from outperform. PT set to 4,240 rupiah, implies 3.6% decrease from last close. Bank Rakyat Indonesia average PT is 4,622 rupiah Bank Rakyat Indonesia had 22 buys, 11 hold, 0 sells previously: Bloomberg data Analysts raised their consensus one-year target price for the stock by 6.4 percent in the past three months. Forecasts range from 3,900 rupiah to 5,500 rupiah. Performance Metrics Investors who followed Vantarakis's recommendation would have received a 60 percent return in the past year, compared with the 56 percent return on the shares. In the past two years and seven months, Macquarie has rated Bank Rakyat Indonesia outperform twice and neutral once. The shares rose an average 37 percent in the periods rated outperform and rose 2.7 percent in the period rated neutral. Astra Intl 2Q Net Income Seen Rising in Single-Digits: UOB (Bloomberg) -- Company seen posting single-digit net income growth in second quarter due to “flattish” performance of its automobile division, according to a UOB Kay Hian report. 2Q net income growth expected to come from financial services and discounts at automobile division, analyst Stevanus Juanda writes in report dated July 8 Unit Astra Agro Lestari expected to post “sizeable” net income decline as CPO prices fall Astra Agro Lestari’s net income est. -88% y/y in 2019 Unit United Tractors seen benefiting from recent Martabe acquisition from 2Q, but will benefit from higher gold prices only starting 3Q Astra International’s infrastructure division may see net income drop in 2Q on higher depreciation and interest cost from the Surabaya-Mojokerto toll road acquisition Net income from this division est. -3.2% y/y in 2019 UOB Kay Hian forecasts Astra International’s 2019 net income to rise 4.1% on annual basis UOB Kay Hian maintains buy recommendation with PT at 8,200 rupiah ASIA COAL: China Futures Rise as High Grades in Short Supply (Bloomberg) -- Thermal coal for Sept. delivery +0.9% to 594.8 yuan/ton on Zhengzhou Commodity Exchange as of 10:42am local time. Futures +0.8% on Friday to pare last week’s loss to 2.3% “Shortages of high-grade coal supply at the ports are supporting price gains,” China Coal Transport & Distribution Association says in note Miners and traders are less willing to deliver coal to ports due to high transportation costs relative to revenue: CCTD Australian Newcastle coal +0.5% to $78.30 on Friday; futures +14% last week amid a contract roll NOTE: Zhengzhou contract based on coal with calorific value of 5,500 kcal/kg; Newcastle is 6,000 kcal/kg Other thermal coal news: CLP’s EnergyAustralia to Upgrade Mt Piper Coal-Fired Power Plant In metallurgical coal: Coking coal for Sept. +0.7% to 1,377 yuan/ton on Dalian Commodity Exchange, rebounding from lowest close since May; -1.8% last week Coke for Sept. -0.7% to 2,125 yuan/ton on DCE; +3.3% last week Australian coking coal -0.1% to $186.02/ton on Singapore Exchange on Friday Met coal/ferrous news: China’s Iron Ore Port Stockpiles Rise for First Time Since April Iron Ore Sinks as China’s Top Steel Group Urges Probe Into Rally PALM OIL: Futures Drop on Demand Worries Amid Rising Production (Bloomberg) -- Palm oil futures resumed their decline in Kuala Lumpur on concerns over lackluster export demand in the coming months just as the world’s top growers enter a high-production cycle. There’s underlying bearishness in crude palm oil futures with poor exports and prospects for rising output weighing on the market, said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental. Palm for Sept. delivery on Bursa Malaysia Derivatives drops as much as 0.8% to 1,944 ringgit/ton Futures at 1,945 ringgit by midday break
Trend is BEARISH, need a confirmation for reversal trend (Breakout Green Lines). BUY (AKUMULASI) ON RED LINES (stop below 3%-5%) SELL (DISTRIBUSI) ON GREEN LINES
BBRI: Trend bullish & fase akumulasi, selama diatas 4.360/4.170 support. Peluang kenaikan relatif terbatas, di tengah rawan profit taking, meski Buy power masih dominan diatas 0.50% Fibonacci, selama diatas 4.440 trendline support target kenaikan di Resist 4.730/4.940/5.140.
BBCA: Trend bullish & fase akumulasi, selama diatas 28?950/29.900 support. Kenaikan terbatas short term, di tengah kerawanan profit taking di tengah kondisi overbought, meski Buy power terlihat weak & diatas 0.236 % Fibonacci, selama diatas 29.350 support target kenaikan di Resist 30.950/32.200/34.175.
AS-China Sedang Mesra, Tapi Investor Wajib Hati-Hati!https://www.cnbcindonesia.com/market/20190705061012-17-82849/as-china-sedang-mesra-tapi-investor-wajib-hati-hati
Siap Caplok Bank di Filipina & Vietnam, Saham BMRI Amblas
https://www.cnbcindonesia.com/market/20190705110254-17-82894/siap-caplok-bank-di-filipina-vietnam-saham-bmri-amblas
Mantap! Cadangan Devisa RI Naik US$ 3,5 Miliar
https://www.cnbcindonesia.com/news/20190705095907-4-82882/mantap-cadangan-devisa-ri-naik-us--35-miliar
Ini Dia Jawara Jenis-jenis Reksa Dana di Semester I-2019
https://www.cnbcindonesia.com/investment/20190704153845-21-82768/ini-dia-jawara-jenis-jenis-reksa-dana-di-semester-i-2019
Charoen Indonesia Jumps as Falling Corn Price May Help Margin
(Bloomberg) -- Charoen Pokphand Indonesia’s shares jump 9.9%, the most since Jan. 15, as its feed segment margin is expected to perform better in 2Q and 3Q due to falling corn prices, according to UOB Kay Hian analyst Benyamin Mikael.
Avg. corn price decreased by 11% on quarterly basis to 3,740 rupiah in 2Q, Mikael writes in report
Next harvest season, expected in Sept., would slash corn price at end of 3Q and benefit company in 4Q
Broiler price seen recovering to 19,000 rupiah per kilogram at beginning of July
Price of day-old chick expected to recover as well in July
UOB Kay Hian raises 2019-20 sales forecasts by 11.1% and 20.8%, respectively, as sales volume seen higher this year and capex on feed segment will be doubled
Buy IDR vs SGD as Indonesia Current Account to Improve: Citibank
(Bloomberg) -- Investors should buy the Indonesian rupiah against Singapore’s dollar as the larger nation’s current-account balance is set to improve, Citibank says in research note.
Indonesia’s current-account deficit widened last quarter due to dividend outflows, higher imports and lower exports, but that was a seasonal move and should now be over
Deficit may shrink to around 2.5% of GDP in 2H, and fall further in coming quarters. This should be a comfortable shortfall to finance as changes in the global environment have lowered the hurdle for capital inflows into emerging markets
Outlook for lower global interest rates and increased money supply is likely to lure investors to assets offering positive carry
Investors will probably welcome a gradual lowering of Bank Indonesia policy rates due to good fiscal discipline, low inflation and improving external conditions
BI will probably cut its benchmark rate by 25bps on July 18 to kickstart a 100bp easing cycle
SGD is a good choice to fund long IDR exposure due to uncertainty over USD and risk of further declines in global trade volumes amid U.S.-China trade tensions
Investors should sell 3-month SGD/IDR non-deliverable forwards at 10,552, with target of 10,150 and stop around 10,550
Indosat Upgraded to Buy at Citi; PT 3,150 Rupiah
(Bloomberg) -- Citi upgraded the recommendation on Indosat Tbk PT to buy from neutral.
PT raised to 3,150 rupiah from 2,250 rupiah, implies 19% increase. Indosat average PT is 2,436 rupiah
Indosat had 6 buys, 12 holds, 8 sells previously: Bloomberg data
Garuda Indonesia Kept at Buy Despite Accounting Trouble: Mirae
(Bloomberg) -- The fundamental turnaround at Garuda Indonesia should not be ignored amid negative sentiment over its recent accounting policy, according to a Mirae Asset Sekuritas report.
Company is expected to restate financial statements, with 2018 turning to net loss, writes analyst Lee Young Jun in report dated July 5
Expects 2Q to mark worst financial performance this fiscal year; top line might be lower than consensus, but gross margin won’t be as bad as market thinks due to well-managed fuel burn
Estimates 2019 revenue of $4.93b, net income $74.7m
Maintains buy recommendation with PT at 690 rupiah
Related stories:
Indonesia’s FSA Orders Garuda to Restate 2018 Financial Report
Garuda Indonesia Says Passenger Volumes Declined 33% in May
Tunggu Data Cadev, Ini Saham Potensi Cuan di Akhir Pekan!
https://www.cnbcindonesia.com/market/20190705083156-17-82863/tunggu-data-cadev-ini-saham-potensi-cuan-di-akhir-pekan
Begini pergerakan saham emiten poultry & ayam CPIN, JPFA dan MAIN pagi ini
https://investasi.kontan.co.id/news/begini-pergerakan-saham-emiten-poultry-ayam-cpin-jpfa-dan-main-pagi-ini
Lima Saham Naik Bareng IHSG, Ini 10 Saham LQ45 dengan PER Terendah (4 Juli 2019)
https://investasi.kontan.co.id/news/lima-saham-naik-bareng-ihsg-ini-10-saham-lq45-dengan-per-terendah-4-juli-2019
Harga CPO bisa rebound hingga tutup tahun 2019
https://investasi.kontan.co.id/news/harga-cpo-bisa-rebound-hingga-tutup-tahun-2019
Timbang rekomendasi teknikal TINS, PWON, dan DMAS untuk hari ini
https://investasi.kontan.co.id/news/timbang-rekomendasi-teknikal-tins-pwon-dan-dmas-untuk-hari-ini
Akankah Jokowi Naikkan Harga BBM Setelah Dilantik Lagi?
https://finance.detik.com/energi/d-4611142/akankah-jokowi-naikkan-harga-bbm-setelah-dilantik-lagi?tag_from=wp_nhl_judul_22&_ga=2.245191429.129892716.1562124846-907583709.1527669614
Semester I Melesat, Bagaimana Nasib Saham Bank Paruh Kedua?
https://www.cnbcindonesia.com/market/20190704130608-17-82701/semester-i-melesat-bagaimana-nasib-saham-bank-paruh-kedua
Delapan saham turun bareng IHSG, ini 10 saham LQ45 dengan PER terkecil (3 Juli 2019)
https://investasi.kontan.co.id/news/delapan-saham-turun-bareng-ihsg-ini-10-saham-lq45-dengan-per-terkecil-37
Hasil Polling Medsos: 36% Pengguna Tahu Praktik Joki Saham
https://www.cnbcindonesia.com/market/20190704122353-17-82694/hasil-polling-medsos-36-pengguna-tahu-praktik-joki-saham
Meski Penjualan Otomotif Lesu, Asing Mulai Koleksi Saham ASII
https://www.cnbcindonesia.com/market/20190704124411-17-82690/meski-penjualan-otomotif-lesu-asing-mulai-koleksi-saham-asii
Masih dalam tren bearish di semester II, harga batubara menanti sinyal perang dagang
https://investasi.kontan.co.id/news/masih-dalam-tren-bearish-di-semester-ii-harga-batubara-menanti-sinyal-perang-dagang
Dituding Hindari Pajak, Bos Adaro: Kami Transparan!
https://www.cnbcindonesia.com/market/20190704131220-17-82704/dituding-hindari-pajak-bos-adaro-kami-transparan
Ciputra Development Upgraded to Buy at Maybank; PT 1,500 Rupiah
(Bloomberg) -- Maybank Kim Eng analyst Aurellia Setiabudi upgraded the recommendation on Ciputra Development Tbk PT to buy from hold.
PT raised to 1,500 rupiah from 1,100 rupiah, implies 29% increase. Ciputra Development average PT is 1,301 rupiah
Ciputra Development had 23 buys, 5 holds, 0 sells previously: Bloomberg data
Analysts raised their consensus one-year target price for the stock by 3.5 percent in the past three months. Forecasts range from 1,050 rupiah to 1,600 rupiah.
Performance Metrics
Investors who followed Setiabudi's recommendation would have received a 7.7 percent return in the past year, compared with the 16 percent return on the shares.
In the past five years and four months, Maybank has rated Ciputra Development hold twice and buy twice. The shares rose an average 11 percent in the periods rated hold and were flat in the periods rated buy.
PALM OIL: Futures May Recover as Stockpiles Seen at 11-Month Low
(Bloomberg) -- Palm oil futures may get some support after a survey showed stockpiles in Malaysia probably dropped to the lowest in almost a year due to weaker production in the world’s second-biggest grower. Inventories fell 3.3% month-on-month to 2.37 million tons, marking a fourth straight decline, according to the median of 14 estimates in the Bloomberg survey of analysts, traders and plantation executives. The palm oil market faced some pressure before the midday break in Kuala Lumpur as a drop in crude oil prices raised concerns that the tropical oil may become less attractive for blending into biofuel. *T Drivers Palm Oil Reserves in World’s No.2 Producer Seen at 11-Month Low Production of crude palm oil dropped 7.2% to 1.55 million tons, the lowest since February. Exports fell about 19% to a four-month low of 1.39 million tons Oil Slips as Smaller U.S. Stockpile Drop Adds to Economic Woes Prices edged lower as a smaller-than-expected decline in U.S. crude and gasoline inventories added bearish sentiment to a market reeling from a gloomy economic outlook *T *T Prices Palm for Sept. delivery on Bursa Malaysia Derivatives drops as much as 0.5% to 1,947 ringgit/ton, before trading at 1,954 ringgit by midday Futures -7.4% in 3 months to June, 7th straight quarterly loss, worst run on record Soybean oil’s premium over palm ~$159/ton vs avg of ~$112 in past year: data compiled by Bloomberg Palm’s discount to gasoil ~$101/ton vs avg of ~$104 past year: data compiled by Bloomberg Refined palm oil for Sept. on Dalian Commodity Exchange +0.1% to 4,232 yuan/ton; soybean oil for Sept. little changed at 5,412 yuan/ton *T --With assistance from Anuradha Raghu. To contact the reporter on this story: Atul Prakash in New Delhi at aprakash51@bloomberg.net To contact the editors responsible for this story: Anna Kitanaka at akitanaka@bloomberg.net Atul Prakash, James Poole
Ingin HP Beli di Luar Negeri Bisa Dipakai di RI? Ini Caranya
https://www.cnbcindonesia.com/fintech/20190704151303-37-82761/ingin-hp-beli-di-luar-negeri-bisa-dipakai-di-ri-ini-caranya
Ekonomi RI Kurang Cihuy, Emas jadi Pilihan Investasi Terbaik
https://www.cnbcindonesia.com/investment/20190704124929-21-82692/ekonomi-ri-kurang-cihuy-emas-jadi-pilihan-investasi-terbaik
Cari Mobil Bekas Online Praktis dan Aman di Platform Ini
https://news.detik.com/adv-nhl-detikcom/d-4606786/cari-mobil-bekas-online-praktis-dan-aman-di-platform-ini
Bos Antam Buka Suara soal Rencana Beli Saham Nusa Halmahera
https://www.cnbcindonesia.com/market/20190704142613-17-82729/bos-antam-buka-suara-soal-rencana-beli-saham-nusa-halmahera
Mohon Maaf! Bagi Pasar Saham, Efek Jokowi Kini Semakin Kabur
https://www.cnbcindonesia.com/market/20190703113254-17-82359/mohon-maaf-bagi-pasar-saham-efek-jokowi-kini-semakin-kabur
Analis: Bursa saham Indonesia masih tetap prospektif di antara bursa Asia
https://investasi.kontan.co.id/news/analis-bursa-saham-indonesia-masih-tetap-prospektif-di-antara-bursa-asia
Berburu saham IPO: Ikut-ikutan sampai kejar cuan sesaat
https://investasi.kontan.co.id/news/berburu-saham-ipo-ikut-ikutan-sampai-kejar-cuan-sesaat
Kacau! Harga Timah Terjun Bebas dan Terendah Sejak Juli 2016
https://www.cnbcindonesia.com/market/20190703161204-17-82480/kacau-harga-timah-terjun-bebas-dan-terendah-sejak-juli-2016
Data Center Diakuisisi Princeton, Saham EXCL Ditutup Amblas
https://www.cnbcindonesia.com/market/20190703162002-17-82486/data-center-diakuisisi-princeton-saham-excl-ditutup-amblas
https://www.cnbcindonesia.com/market/20190703101609-17-82326/kenapa-harga-cpo-anjlok-ke-level-terendah-sejak-agustus-2015
Kenapa Harga CPO Anjlok ke Level Terendah Sejak Agustus 2015?
Emas Dunia Bakal ke US$ 1.500, Harga Antam Diramal Rp 731.600
https://www.cnbcindonesia.com/investment/20190703160349-21-82477/emas-dunia-bakal-ke-us--1500-harga-antam-diramal-rp-731600
Punya HP Ilegal dari Luar Negeri? Tenang, Ada Pemutihan
https://www.cnbcindonesia.com/fintech/20190703135130-37-82421/punya-hp-ilegal-dari-luar-negeri-tenang-ada-pemutihan
Periode I Jokowi, Utang BUMN Karya Bertambah Rp 169 T Lebih
https://www.cnbcindonesia.com/market/20190703123140-17-82383/periode-i-jokowi-utang-bumn-karya-bertambah-rp-169-t-lebih
Vale Indonesia Cut to Hold at BCA Sekuritas; PT 3,200 Rupiah
(Bloomberg) -- BCA Sekuritas analyst Aditya Eka Prakasa downgraded the recommendation on Vale Indonesia Tbk PT to hold from buy.
PT lowered to 3,200 rupiah from 4,350 rupiah, implies 8.5% increase. Vale Indonesia average PT is 3,922 rupiah
Vale Indonesia had 12 buys, 6 holds, 0 sells previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 9.9 percent in the past three months. Forecasts range from 2,900 rupiah to 8,400 rupiah.
Performance Metrics
Investors who followed Prakasa's recommendation would have received a negative 43 percent return in the past year, compared with the negative 25 percent return on the shares.
Bank Danamon Upgraded to Buy at UOB Kay Hian; PT 5,800 Rupiah
(Bloomberg) -- UOB Kay Hian analyst Raphon Prima upgraded the recommendation on Bank Danamon Indonesia Tbk PT to buy from hold.
PT lowered to 5,800 rupiah from 7,400 rupiah, implies 23% increase. Bank Danamon average PT is 5,449 rupiah
Bank Danamon had 3 buys, 10 holds, 1 sell previously: Bloomberg data
Analysts lowered their consensus one-year target price for the stock by 32 percent in the past three months. Forecasts range from 3,600 rupiah to 9,000 rupiah.
Bank Dunia Pangkas Pertumbuhan Ekonomi RI, IHSG ke Zona Merah https://www.cnbcindonesia.com/market/20190702123419-17-82101/bank-dunia-pangkas-pertumbuhan-ekonomi-ri-ihsg-ke-zona-merah …
Infrastruktur Digenjot, Waskita Cs Masuk Radar Broker Asing https://www.cnbcindonesia.com/market/20190702130018-17-82113/infrastruktur-digenjot-waskita-cs-masuk-radar-broker-asing …
Saham sektor mining & basic industry bisa menyusul kinerja saham finance infra property.
THE 1st BAD ASTROYCLE
