JCI Indication
Bullish (Moderate)
Support /
Resistance: 6,245 – 6,376
Japan Industrial Output (June)
- Sank 3.6%, the worst slump since January 2018 and
followed a 2.0% rise May
- On a QtQ basis, output rose 0.5% in 2Q19 after
dropping 2.5%
The Bank of Japan Policy Meeting
- It is expected to keep monetary policy on hold
- Short-term interest rates at -0.1%
- 10yr JGB yield around 0% via aggressive bond
purchases
- May tweak its forward guidance and commit to keeping
rates ultra-low over a longer-term horizon
MARKET NEWS
PEHA
PEHA is optimistic the company can
achieve the 20% growth target by the end of 2019. This confidence was driven by
the stability of IDR exchange rate against the USD, which is influential for
90% of its import raw materials. That way, PEHA management is optimistic that
it can reach the business target jumps above 20% amid intense competition among
players.
ISSP
ISSP's net profit jumped 300.61% from
IDR 52.40 billion to IDR 13.08 billion and revenue rose 10.02% from IDR 2.08
trillion to IDR 2.29 trillion 1H19 YoY. The domestic market dominates, namely
rose to IDR 2.08 trillion from Rp 1.98 trillion. Exports market jumped 112%
from IDR 101.8 billion to IDR 215.17 billion.
GJTL
GJTL's net profit jumped 74.43% from IDR
93.88 billion to IDR 163.76 billion 1H19 YoY. Bottom line, the company
improved, triggered by a rise in foreign exchange rates amounting to Rp 136.17
billion from a loss of IDR 358.39 billion in 1H19 YoY. Export sales to third
parties rose 22% to IDR 1.64 trillion from IDR 1.34 trillion.
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Spec Buy : 1,375
Target Price 1: 1,420
Target Price 2: 1,460
Stop Loss: 1,315
Stock: *PWON*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 705
Target Price 1: 720
Target Price 2: 735
Stop Loss: 690
Stock: *WTON*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Trade Buy : 585
Target Price 1: 610
Target Price 2: 645
Stop Loss: 565
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
