JCI Indication

Bearish (Moderate)

Support / Resistance: 5,894 – 5,990

Market Drivers:

US-China trade jitters

- Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim minority

- Treasury Secretary Steven Mnuchin : a trip to Beijing to resume trade negotiations has not been scheduled yet

Reducing hopes of a speedy resolution to the trade war

Fed Minutes (May 1-2 FOMC meeting)

- The Fed remained firmly committed to a patient policy stance Rates likely will remain unchanged well into the future

Japan Flash Manufacturing PMI (May)

- Fell to 49.6 from a final 50.2 in the previous month

- Export orders fell at the fastest pace in 4 months

- Expectations for future output showed contraction for the first time since November 2012

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MARKET NEWS

KLBF

KLBF will distribute dividends of IDR 26 per share with a total payment of IDR 1.22 trillion or (payment ratio of 50%) earnings in 2018.

BEEF

BEEF 1Q19 Recorded revenue Rp. 278.27 billion (+ 38.28% YoY) andnet profit Rp. 15.95 billion (+ 115.42% yoy)

MEDC

MEDC has completed the acquisition of Ophir Energy plc with £ 408.4 million

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PT Phillip Securities Indonesia
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Tel +62-21 5790 0800 Fax +62-21 5790 0809
Website: www.phillip.co.id