Phillip Webinar Nov 5th, 2019
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05 Nov 2019

JCI Indication

Bullish (Moderate)

Support / Resistance: 6,175– 6,245


Market Drivers:

Renewed Optimism on Trade

- The U.S. is considering dropping some tariffs on China

- U.S. Commerce Secretary Wilbur Ross: The U.S. may not need to impose its planned 5-15% tariffs on European and Asian cars following positive discussions


Manufacturing PMI Remains Weak Across Europe

- Of the 9 EU members reporting separate gauges, 4 of them report gauges below 50 that imply contraction in the sector

- 3 of the 4 largest EU economies, Germany, Italy and Spain, reported manufacturing declines in October

- France, the second largest EMU economy the exception, reporting an increase.


Economic Calerndar for Today

- China Caixin Services PMI (October)

- Australia: Reserve Bank of Australia Interest Rate Decision





PT Kalbe Farma Tbk. has realized 90% of the capex allocated this year, per 3Q19. Kalbe Farma President Director, Vidjongtius, said that KLBF had absorbed around IDR 1.3 tn in capital expenditure during 9M19.


PT Multristrada Arah Sarana Tbk. said that the plan for the construction of an aircraft tire factory by Michelin was still not final. Director of Multistrada Arah Sarana (MASA) Michael Sutiono said that the cooperation in manufacturing aircraft tire factories with the French tire manufacturer Michelin would later be carried out by the company.


PT Trinitan Metals and Minerals Tbk (PURE) supports the government's ban on speeding up the nickel export ban. At the same time, the company also opened up opportunities for collaboration with other companies in this industry.


The share price of PT Perusahaan Gas Negara Tbk (PGAS) had touched 1,850, its lowest level since the beginning of the year due to the gas price polemic. However, PGAS rebounded after President Joko Widodo asked the Ministry of Energy and Mineral Resources to recalculate the gas price component for industrial needs.

Technical Recommendations :

Stock: *SSMS*

Short Term Trend: Downtrend

Medium Term Trend: Bearish

Spec Buy : 845

Target Price 1: 875

Target Price 2: 900

Stop Loss: 825


Stock: *RALS*

Short Term Trend: Downtrend

Medium Term Trend: Bearish

Trade Buy : 1,185

Target Price 1: 1,225

Target Price 2: 1,265

Stop Loss: 1,140


Stock: *MAPI*

Short Term Trend: Downtrend

Medium Term Trend: Sideways

Trade Buy : 1,030

Target Price 1: 1,080

Target Price 2: 1,130

Stop Loss: 985


Stock: *SMRA*

Short Term Trend: Downtrend

Medium Term Trend: bearish

Spec Buy : 1,100

Target Price 1: 1,145

Target Price 2: 1,185

Stop Loss: 1,065




PT. Phillip Sekuritas Indonesia
Research Department
ANZ Tower Level 23B
Jl. Jend. Sudirman Kav. 33A, 10220 Jakarta
Ph: (62 21) 57900 800