JCI Indication

Bearish (Moderate)

Support / Resistance: 6,404 – 6,489

 Market Drivers:

Expectations of policy easing by major central banks

- The ECB is seen cutting rates by 10 bps on Thursday

BREXIT

- Voting in the U.K.’s Conservative Party leadership contest

- Former London Mayor Boris Johnson or FM Jeremy Hunt

- Will succeed Theresa May to take office on Wednesday

- Johnson has insisted the U.K. must leave the EU by the October 31 deadline “come what may,”

- Hunt has said he would be prepared to further delay the withdrawal process, if required, to secure a new divorce deal

Economic Calendar for today

- Japan: Inflation data (June)

- Singapore: Inflation data (June)

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 MARKET NEWS

ROTI

ROTI's net profit jumped 150% or IDR 101 billion in the 1st semester of 2019 YoY, whilst revenues in 2018 was only IDR 40 billion. The company's net profit margin rose to 6.4% from 3.1% and gross profit rose 28.3% to IDR 866 billion from IDR 675 billion. The increase in profit due to an increase in sales of 24.4% to IDR 1.58 trillion in the 1st semester of 2019.

MYOR

MYOR's profit rose 9.8% from IDR 735.86 billion to IDR 807.48 billion until 1st semester of 2019. The company's revenues rose 11.5% from IDR 10.81 trillion to IDR 12.05 trillion. The slowing growth in net profit was triggered by a slight fell in company's net profit margin from 6.8% to 6.7%.

NIKL

NIKL 1H19 posted sales of USD 83.1 million or (+ 1.60% yoy), thus NIKL recorded a net profit of USD 2.41 million in 1H19.

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 Technical Recommendations :

 Stock: *BBNI*

Short Term Trend: Bearish

Medium Term Trend: Uptrend

Spec Buy : 8,750

Target Price 1: 9,100

Target Price 2: 9,350

Stop Loss: 8,475

Stock: *ASII*

Short Term Trend: Bearish

Medium Term Trend: Sideways

Spec Buy : 7,100

Target Price 1: 7,300

Target Price 2: 7,500

Stop Loss: 6,950

Stock: *SMRA*

Short Term Trend: Sideways

Medium Term Trend: Uptrend

Trade Buy : 1,200

Target Price 1: 1,245

Target Price 2: 1,300

Stop Loss: 1,160

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