JCI Indication

Bearish

Support / Resistance: 5,985 – 6,189

Trade Conflict

- WTO gave the U.S. the right to put tariffs on USD7.5 bn in European goods

- The U.S. had lodged complaints, first in 2004, over what it called illegal subsidies for Airbus by several European governments

- The U.S. plans to impose tariffs on EU aircraft and agricultural products

   - The duties are set to take effect Oct. 18 and include

   - 10% tariffs on aircraft from France, Germany, Spain or the UK

   - 25% duties on single-malt Irish and Scotch whiskies, various garments and blankets from the U.K.

   - 25% tariffs on coffee and certain tools and machinery from Germany

   - 25% duties on various cheeses, olive oil and frozen meat from Germany, Spain and the U.K.

   - 25% tariffs on certain pork products, butter and yogurt from multiple countries

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MARKET NEWS

*ASII*

ASII will distribute interim dividends of IDR 57 per share with the schedule of dividend distribution including cum and ex interim dividends on the regular market and negotiations on 4/10/2019 and 7/10/2019.

*APLN*

Pefindo raised the APLN debt rating and Sustainable Bonds I / 2014-2015 from BBB to BBB +. This debt rating was raised after APL obtained funding approval so that APL's liquidity risk related to maturing loans would be reduced.

*BBRI*

BBRI issues sustainable bonds III with a total value of IDR 20 trillion. The funds raised from the bond issuance are planned to be used to develop the company's business by extending lending based on prudential banking principles and good corporate governance.

Technical Recommendations :

Stock: *INDF*

Short Term Trend: Sideways

Medium Term Trend: Bullish

Trade Buy : 7,675

Target Price 1: 7,900

Target Price 2: 8,150

Stop Loss: 7,425

Stock: *BRPT*

Short Term Trend: Sideways

Medium Term Trend: Sideways

Trade Buy : 1,005

Target Price 1: 1,070

Target Price 2: 1,100

Stop Loss: 945

Stock: *PGAS*

Short Term Trend: Downtrend

Medium Term Trend: Bullish

Buy on Weakness : 2,060

Target Price 1: 2,120

Target Price 2: 2,200

Stop Loss: 1,985

Stock: *MYOR*

Short Term Trend: Downtrend

Medium Term Trend: Bearish

Spec Buy: 2,220

Target Price 1: 2,280

Target Price 2: 2,340

Stop Loss: 2,160

PT. Phillip Sekuritas Indonesia 
Research Department
ANZ Tower Level 23B
Jl. Jend. Sudirman Kav. 33A, 10220 Jakarta
Ph: (62 21) 57900 800
Email: research@phillip.co.id
Website: www.poems.co.id