JCI Indication
Bearish (Moderate)
Support /
Resistance: 6,057– 6,290
Market Drivers:
Optimism Over A Phase One Trade Deal
- China and the U.S. have agreed to roll back tariffs on each others’
goods as part of the 1st phase of a trade deal
- A deal may be signed before the end of the year by Trump and Xi at a
yet-to-be determined location
- It is widely expected to include a U.S. pledge to scrap tariffs
scheduled for Dec. 15 on about USD156 bn worth of Chinese imports
- The Chinese customs and Ministry of Agriculture are considering
removing restrictions on U.S. poultry imports
- China has banned all U.S. poultry and eggs since January 2015 due to
an avian influenza outbreak
- The plan faces fierce internal opposition at the White House and from
outside advisers
Economic Calendar for Today
China: Trade Balance (October)
------------------------------------------------
MARKET NEWS
ACES seeks to maintain performance growth in the final
quarter of this year with the opening of new outlets and promotional programs.
During 9M19, ACES booked net sales of IDR5.97 tn, increase of 15.69% YoY.
Meanwhile, in the same period the previous year ACES net sales were valued at
IDR5.16 tn.
APLN recorded a decline in revenue of 23.20% in 3Q19.
APLN's operating income in the January-September 2019 period was recorded at
IDR2.92 tn. The realization was down from operating income in the same period
last year of IDR3.80 tn.
MAPB announced the opening of the first Genki Sushi
outlet in Semarang. This is the beginning of the company's expansion in Central
Java. Previously, Genki Sushi outlets have been opened in 3 big cities;
Jakarta, Bandung and Surabaya with a total of 24 units.
ASSA signed a credit facility agreement worth Rp300 bn
from PT Bank Central Asia Tbk. The facility includes an investment credit worth
IDR300 bn and the addition of a local credit ceiling of IDR30 billion to IDR100
bn.
Technical Recommendations :
Stock: *AKRA*
Short Term Trend: Downtrend
Medium Term Trend: Bearish
Spec Buy : 3,870
Target Price 1: 3,980
Target Price 2: 4,070
Stop Loss: 3,790
Stock: *TLKM*
Short Term Trend: Downtrend
Medium Term Trend: Sideways
Spec Buy : 4,070
Target Price 1: 4,160
Target Price 2: 4,250
Stop Loss: 3,980
Stock: *BRPT*
Short Term Trend: Sideways
Medium Term Trend: Sideways
Trade Buy : 980
Target Price 1: 1,020
Target Price 2: 1,075
Stop Loss: 1,930
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
