JCI Indication
Bearish (Moderate)
Support /
Resistance: 6,361 – 6,476
Tech-fuelled rally on Wall Street
- S&P 500 and NASDAQ hit record
closing highs
- Investors shook off new regulatory
threat
- US DOJ
announced a broad examination into big tech companies over fresh
anti-competitive concerns
South Korea 2Q19 GDP
- Grew by 1.1% (Q/Q), dodging a
technical recession,
- Mostly driven by government spending,
suggesting BOK may need to cut rates again to stoke demand
- Government spending contributed 1.3
percentage points
- Private-sector activity presented a
0.2 percentage point drag
- Companies
slashed investment due to the uncertain outlook Year-on-Year, it expanded 2.1%
, compared with 1.7% in 1Q19
BBCA
BCA recorded the highest percentage of
net profit growth of 12.6% YoY to IDR 12.68 trillion, due to credit growth and
increasing revenue. The realization of lending is 11.5% YoY to IDR 565.23
trillion. Meanwhile, net interest income rose 13.1% YoY to IDR 24.6 trillion.
DMDT
Fitch Rating again cut DMDT rating from
B- to CCC-, after previously lowering it from BB- to B-. The rating downgrade
reflects increase of liquidity risk in the company's ability to carry out
principal amortization and interest payments in September 2019.
UNTR
UNTR highest revenue contributor in 1H19
is from the mining contracting business through its subsidiary PT Pamapersada
Nusantara (PAMA) with realization of OB removal volume of 469 million bcm, up
5.27% from 445.5 million bcm YoY. Production realization rose 7.42% from 55.6
million tons to 60.8 million tons YoY.
Stock: AKRA
Short Term Trend: Sideways
Medium Term Trend: Sideways
Spec Buy : 4,090
Target Price 1: 4,190
Target Price 2: 4,340
Stop Loss: 3,980
Stock: BEST
Short Term Trend: Sideways
Medium Term Trend: Uptrend
Trade Buy : 308
Target Price 1: 318
Target Price 2: 330
Stop Loss: 292
Stock: WEGE
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 336
Target Price 1: 346
Target Price 2: 358
Stop Loss: 326
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
