JCI Indication

Bullish (Moderate)

Support / Resistance: 5,708 – 6,030

Market Drivers:

US-China trade uncertainty

- No new talks have been scheduled

- A sterner tone from China suggested that negotiations are unlikely to resume soon

      - Raising questions about a possible meeting between Trump and Chinese President Xi Jinping next month at a G20 Summit in Japan

- Restrictions on Chinese telecoms equipment maker Huawei Technologies weighed on the U.S. technology sector

- The latest data for April showed slowing consumer and industrial activity in both the U.S. and China

- OECD:

    - Trade tensions between the U.S. and China are a danger investment and growth

    - Shave almost 1% of its own global growth predictions in the last 12 months.

    - A year ago, it predicted 3.9% growth in 2019, now it is forecasting 3.1%.

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MARKET NEWS

SCMA

SCMA budgeted capital expenditure of IDR 580 billion this year. Out of which, as much as IDR 200 billion will be used for maintenance, while the rest is for new projects, infrastructure development in East Java and renovation of existing facilities in Jakarta.

PTPP

PT PP Tbk (PTPP) recorded new contracts of IDR 10.75 trillion in 4M19, reaching 21% of the total target in 2019 which is set at IDR 50.30 trillion.

MAPI

MAPI will distribute dividends of IDR 10 per share from its 2018 profit. The dividend payout ratio is 22.73%. Cum dividends on the regular and negotiations market is on May 24, 2019. While Ex dividend will be on May 27, 2019.

PT Phillip Securities Indonesia
ANZ Tower Level 23B, JlJendSudirman
Kav. 33A Jakarta 10220 – Indonesia
Tel +62-21 5790 0800 Fax +62-21 5790 0809
Website: www.phillip.co.id