JCI Indication

Bearish (Moderate)

Support / Resistance: 6,236 – 6,345

Market Drivers:

President Trump said in a tweet that

- The USD is at a big disadvantage against other major currencies

- Called the low inflation in the U.S. a beautiful thing

- The Fed doesn’t have a clue as it raised interest rates far too fast

Increasing the likelihood that the Fed will cut rates

- U.S. PPI rose for a second straight month in May

- NFP just grew 75,000 last month, far below estimate

- Manufacturing activity in May decelerated to its slowest pace since October 2016

- U.S. CPI (today), Retail Sales (Friday)

- The Fed will meet on June 18-19

The latest batch of economic data from China

- Figures on consumer and producer prices are expected to confirm inflation remains subdued

-------------------------------------------------

MARKET NEWS

PLIN

PLIN plans to divert the buyback shares through sales outside the exchange, due to the context of establishing a real estate investment fund (DIRE) in the form of a collective investment contract (KIK) Simas Plaza Indonesia.

HOME

HOME will continue rights issue process for renovation needs, targeting fresh funds worth IDR 1.7 tn.

HRTA

HRTA has issued the Mudharabah I Medium Term Notes (MTN) 2019 worth IDR 250 Bn, this fund will be used for working capital or to increase the product stock & raw materials as well as opening outlets or business branches.

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