JCI Indication

Bearish (Moderate)

Support / Resistance: 5,976 - 6,147

Market Drivers:

Global Growth Fears

• Trade tensions between the U.S. and China showing no signs of abating
• China could use its dominance over rare earth metals as leverage in the trade war
• Wins for euro-sceptic parties in EU elections

US Treasury Department

• No major trading partner met its currency manipulation criteria
• 9 countries required close attention
• China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore, Vietnam

Global bonds rallied overnight

• UST yields falling further to 2.269%, the lowest since Sept 2017
• German Bund yields are also on a slippery slope since the EU elections

MARKET NEWS

INDR

INDR Allocate capital expenditure of US $ 44Mn that coming from internal cash to increase production capacity of polyester and spun yarn factories in 2019

PSSI

PSSI will distribute dividends of US $ 4.2 million or Rp.60 billion (assuming an exchange rate of Rp14,300 / US $) equivalent to 30% of the company's net profit for the fiscal year 2018.

BISI

PT BISI International Tbk. will distribute cash dividends of Rp100 per share or 74.29 percent of its net profit in 2018

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