JCI Indication

Bullish (Moderate)

Support / Resistance: 6,078 – 6,275

Market Drivers:

U.S. Non-Farm Payrolls (May)

- Increased  just 75,000 vs expectation of of 180,000 gain

G20 Finance Ministers Meeting

- Trade and geopolitical tensions have intensified, raising risks to improving global growth

- Stopped short of calling for a resolution of a U.S.-China trade conflict

- To compile common rules by 2020 to close loopholes used by global tech giants to reduce their corporate taxes

Japan GDP 1Q19

- Grew 2.2% (Y/Y), slightly faster than initially estimated (2.1% Y/Y)

- QoQ, it expanded 0.6% vs 0.5% growth in the initial reading

- Capital spending rose 0.3% (Q/Q) vs the preliminary -0.3%

- Private consumption (60% of GDP) fell 0.1% Q/Q, unchanged from the preliminary reading

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MARKET NEWS

TOWR

The TOWR plan to add fiber optic networks will be realized in the third quarter of this year by adding around 13,600 kilometers of new fiber optic network.

STAR

STAR changed its name to PT Buana Artha Anugerah Tbk and planned to conduct a rights issue by issuing as many as 10 bn new shares from the port with a nominal value of IDR 10 per share.

SKYB

SKYB diversified its business in the field of property management by acquiring two companies in the field of property operators with a value of IDR 1.65 bn.

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