JCI Indication
Bullish (Moderate)
Support /
Resistance: 6,160– 6,262
Market Drivers:
BREXIT Drama
- British lawmakers voted by 329 to 299 in favour of the 2nd reading of
the legislation for the Brexit deal
- They then opposed by 322 to 308 votes PM Boris Johnson’s Oct. 31
target timetable
- Johnson said it was up to the EU to decide whether it wanted to delay
Brexit and for how long
- A long delay would allow time for an election and for opponents of the
Brexit to push for another referendum
- A short delay might increase pressure on U.K Parliament to approve a
deal
Oil Prices
- OPEC and its allies would consider deeper production cuts when they
meet in December
- The cuts are expected to be made in response to the outlook for weaker
demand growth
- In July, OPEC and Russia, together with other non-OPEC members agreed
to extend a 1.2 mbpd production cut for 9 months
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MARKET NEWS
PT Unilever Indonesia Tbk
UNVR has decided (stock split) with a ratio of 1: 5. The proposal will
be brought to (RUPSLB)on 20 November 2019. If you use the closing price of the
UNVR on Tuesday (10/22) at Rp 43,950, the price of the UNVR after the stock
split will be Rp 8,790 per share.
PT Semen Baturaja Tbk
SMBR recorded cement sales of 1.51 million tons of cement as of the end
of 3Q19. Cement sales are around 65.65% of the total sales target this year of
2.3 million tons. Facing domestic cement oversupply condition, SMBR has
prepared a precaution, which is to strengthen distribution and logistics in various
regions.
PT Delta Dunia Makmur Tbk
DOID plans to extend the mining services contract with PT Kideco Jaya
Agung and PT Berau Coal with two contract extension options. The first option,
the new contract will last around 5 to 8 years. The second option, either
Kideco or Berau Coal can get a contract for the life of the mine.
PT Nippon Indosari Corporindo Tbk
In 3Q19 BREAD recorded sales of Rp 2.46 trillion or (+ 24.1% yoy). The
realization is equivalent to 75% of this year's target, so ROTI posted a net
profit of 211.7 billion or (+ 105.5% yoy).
Technical Recommendations :
Stock: *ANTM*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 930
Target Price 1: 970
Target Price 2: 1,010
Stop Loss: 895
Stock: *AALI*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 10,400
Target Price 1: 10,700
Target Price 2: 10,975
Stop Loss: 10,100
Stock: *SIDO*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 1,120
Target Price 1: 1,155
Target Price 2: 1,195
Stop Loss: 1,085
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
