JCI Indication

Bullish (Moderate)

Support / Resistance: 6,247– 6,385

Market Drivers:

U.S. - China Trade Deal
- The U.S. and China made progress toward finalizing some parts of a Phase 1 trade deal
- USTR and Treasury Secretary Steven Mnuchin spoke to Chinese Vice Premier Liu He on Friday
- President Trump has said he hopes to sign the deal with China’s President Xi Jinping next month at a summit in Chile

BREXIT
- The EU hopes to agree on Monday to delay Britain’s divorce until Jan.31
- An earlier departure possible should the factious UK parliament ratify their separation deal

Economic Calendar for the week
- Wednesday: FOMC Meeting, US GDP 3Q19 (Preliminary)
- Thursday: BOJ MPS, Brxit Deadline, China Official Manufacturing PMI, EX CPI, EZ GDP 3Q19
- Friday, ISM Manufacturing Index, No-Farm Payrolls (Oct)

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MARKET NEWS
PT Kino Indonesia Tbk
KINO plans to budget a capex of Rp 300 billion. Most of the budgeted capex will be used to increase the company's production capacity.

PT AKR Corporindo Tbk
until 3Q19 AKRA's fuel sales volume was recorded to grow 27% quarterly (qtq), While the sales volume of basic chemicals grew by 2% (qtq), AKRA projects sales volume to remain strong until the end of the year

Technical Recommendations :

Stock: *ACES*
Short Term Trend: Uptrend
Medium Term Trend: Sideways
Trade Buy : 1,810
Target Price 1: 1,850
Target Price 2: 1,880
Stop Loss: 1,760

Stock: *UNVR*
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Spec Buy : 43,150
Target Price 1: 44,450
Target Price 2: 45,700
Stop Loss: 41,400

Stock: *TOTL*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 452
Target Price 1: 468
Target Price 2: 478
Stop Loss: 438

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