JCI Indication

Bearish (Moderate)

Support / Resistance: 6,015 - 6,101

Market Drivers:

Trumps Meet Japanese Emperor

- The two leaders put on a show of friendship meant to demonstrate the strength of the U.S.-Japan alliance but have policy disagreements over trade and North Korea

- Trump has threatened to target Japanese automakers with high tariffs in his effort to cut trade surpluses with other countries that he sees as a sign that the United States has been mistreated.

- Furthermore, Abe and Trump are expected to discuss North Korea and Iran. Trump said on Sunday he was not worried about a recent missile launch by North Korea.

Theressa May Step Down From English Minister

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MARKET NEWS

TLKM

TLKM will distribute dividends worth IDR 16.23 tn or (90% payout ratio) from the 2018 net profit, dividends per share distributed amounting to IDR 163 per share.

WSBP

This year WSBP pursue the acquisition of new contracts targeted to reach IDR 10 tn, until 1Q19 WSBP has bagged new contracts reached IDR 2.2 tn.

MYRX

MYRX will raise capital through a rights issue by issuing 87.82 bn shares and hoping to get fresh funds of IDR 12 tn-Rp 16 tn.

INDF

INDF 1Q19 recorded revenue of IDR 19.17 tn or (+8.73% yoy), followed by a profit increase of IDR 1.35 tn or (+13.5% yoy)

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