JCI Indication
Bullish (Moderate)
Support /
Resistance: 6,260 – 6,321
Market Drivers:
U.S. - China Trade War
- China softened its stance, saying it’s willing to
resolve the trade war with a calm attitude and indicating it won’t retaliate
immediately
- President Trump says some discussions were taking
place on Thursday, with more talks scheduled
Japan Economic Data
Industrial Production (July)
- Rose 1.3% (M/M), more than expected, following a
sharp 3.3% (M/M) drop in the previous month
- Increased production of cars and chemicals offset a
decline for oil products
Retail Trade (July)
- Dropped 2.0% (Y/Y), reflecting recent weakness in
household sentiment
Unemployment Rate (July)
- Fell to 2.2% while the availability of jobs
(Jobs-to-Applicants ratio) declined to 1.59 from June's 1.61
Economic Calendar for Today
- India 2Q19 GDP
- Germany Retail Sales (July)
- Euro Zone Preliminary CPI (August), Unemployment
Rate (July)
GMFI
GMFI and Batam Aero Technic are
exploring cooperation in construction of 8 units of hangars in Batam targeted
to be completed in 2021. 1H19 operating revenues rose 10% yoy to USD 246 mn,
while net income fell to USD 7 mn.
KLBF
PT Shanghiang Perkasa established a
business alliance with Fontera Australia as an effort to increase dairy
products sales in domestic and Asian markets amid potential increased demand
for dairy products. For information, KLBF controls 13% of milk powder market
share in Indonesia.
LPKR
LPKR won the 2019 Indonesia Best Issuer
Award for property, real estate and building construction sector on assets
category between IDR 20 - 50 tn. The main assessment is based on EBITDA
year-on-year growth and value for 3 years.
Rekomendasi Teknikal Hari Ini:
Technical Recommendations :
Stock: *ITMG*
Short Term Trend: Sideways
Medium Term Trend: Bearish
Spec Buy : 12,650
Target Price 1: 13,500
Target Price 2: 14,250
Stop Loss: 11,700
Stock: *TKIM*
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Trade Buy : 9,825
Target Price 1: 10,250
Target Price 2: 10,875
Stop Loss: 9,175
Stock: *BMRI*
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Spec Buy: 7,075
Target Price 1: 7,300
Target Price 2: 7,500
Stop Loss: 6,925
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
