JCI Indication

Bearish (Moderate)

Support / Resistance: 5,904 – 6,09

Market Drivers:

Global growth worries mount

- Investors piled into the USD as a relative safe haven

The extra cushion of high U.S. interest rates compared to other developed economies.

- UST yields dropped across the board and Germany’s 10-yr bond yield fell further into negative territory

India

- PM Narendra Modi’s party scored a historic election victory

- Bharatiya Janata Party (BJP) ahead in 302 of the 542 seats

- Up from the 282 in 2014 and more than the 272 seats needed for a majority in the lower house of parliament.

Japan’s National Core CPI (April)

- Rose 0.9 % (Y/Y), accelerating slightly from a 0.8% (Y/Y) gain in March

- But remaining distant from BOJ’s 2% target

- National CPI exl Food, Energy rose 0.6% (Y/Y), the biggest increase since June 2016.

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MARKET NEWS

UNVE

UNVR will distribute dividends of IDR 775 per share with total dividends amount to IDR 9 tn or 99.25% payout ratio from 2018 net profit.

KLBF

KLBF plans to move its subsidiary PT Bintang Toedjoe factory to an industrial area in Cikarang.

IMPC

This year, IMPC prepares a capital expenditure of IDR 188 bn originating from bank loans and leasing. This capex will be used to purchase land, buildings and machinery.

SMGR

SMGR will distribute dividends of IDR 207.64 per share with total dividends worth IDR 1.23 tn or (40% payout ratio) from 2018 net profit. The 60% retained earnings will be used to support operational and development activities.

PT Phillip Securities Indonesia
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Kav. 33A Jakarta 10220 – Indonesia
Tel +62-21 5790 0800 Fax +62-21 5790 0809
Website: www.phillip.co.id