Phillip Webinar July 24th, 2019
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24 Jul 2019

JCI Indication

Bullish (Moderate)

Support / Resistance: 6,361 – 6,476

 Market Drivers:

Progress in the U.S. - China trade saga

- USTR Robert Lighthizer would travel to Shanghai next week for meetings with Chinese officials

- WH economic adviser Larry Kudlow expected China to start buying U.S. agriculture products soon



- Boris Johnson is set to become Britain’s new PM

- Unclear on whether he would lead the country to a no-deal exit or find a compromise

   - Weak grip on power, given the status of a minority governmen


Japan Flash Composite PMI (July)

- Up to 51.2 from 50.8, the fastest expansion pace in seven months

- Flash Manufacturing PMI (July)

   - Edged up to 49.6 from a final 49.3, third straight month of contraction

Flash Services PMI (July)

   - Climbed to 52.3, the highest level since February, up from a final 51.9 in June




MTDL targets revenue and net profit growth of 12% and 12.5% in 2019 ??respectively. The company will boost growth by relying on product diversification. For information, in 1H19 the revenue grew 13.65% from IDR 5.42 trillion to IDR 6.16 trillion YoY.



URBN has bought 61 plots of land worth IDR 362.1 billion in East Jakarta to run the company's main activities. For information, URBN revenues at the end of 2018 amounted to IDR 332.64 billion, up 809% YoY.



JSMR's consolidated revenue fell 25% to IDR 13.83 trillion in 1H19 due to 44% decline in construction income from IDR 93.33 billion to IDR 50.24 billion YoY.


 Technical Recommendations :

  Stock: *BJBR*

Short Term Trend: Sideways

Medium Term Trend: Sideways

Spec Buy : 1,650

Target Price 1: 1,700

Target Price 2: 1,750

Stop Loss: 1,605


Stock: *ELSA*

Short Term Trend: Sideways

Medium Term Trend: Uptrend

Trade Buy : 366

Target Price 1: 376

Target Price 2: 384

Stop Loss: 358


Stock: *APLN*

Short Term Trend: Bearish

Medium Term Trend: Sideways

Spec Buy : 212

Target Price 1: 224

Target Price 2: 234

Stop Loss: 204

PT Phillip Securities Indonesia
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