JCI Indication

Bearish (Moderate)

Support / Resistance: 5,976 – 6,075

Market Drivers:

Risk-Off Mode

- U.S.-China relations worsen

- JPY and Gold are up, oil and AUD down

Japan Industrial Production (October)

- Slipped 4.2% M/M (-7.4% Y/Y), the fastest pace since January 2018

- Swinging from a 1.7% M/M (+1.3% Y/Y) rise the previous month

- Production was pushed down by a decrease in output of passenger cars and car engines, as well as general purpose and production machinery

Japan Jobless Rate (October)

- Stayed at 2.4%, unchanged from the previous month

- Job availability (the Jobs-to-Applicants ratio) also held steady at 1.57

Economic Calendar for Today

- South Korea: BOK Interest Rate Decision

- Taiwan: Revised 3Q19 GDP

- India: 3Q19 GDP

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MARKET NEWS

PT Telekomunikasi Indonesia Tbk. (TLKM) targets this year's revenue to grow at around 5 percent. Thus, if growth can reach 5 percent, the company's revenue touches Rp137.14 trillion.

PT Pelita Samudera Shipping Tbk. will spend US $ 30 million in capital expenditure in 2020 to add a fleet of ships to realize the new contract being explored. The contract is a medium-term contract for the transportation of coal and nickel.

Logistics service company PT Satria Antaran Prima Tbk. budgeted capital expenditure funds for a number of expansion in 2020 worth Rp20 billion. Next year, the SAPX-coded stock company plans to expand its fleet and also open new branch offices to target consumers deeper.

PT Phapros Tbk (PEHA) continues to expand its expansion into the hospital business. This subsidiary of PT Kimia Farma Tbk (KAEF) plans to increase the portion of share ownership in Permata Cirebon Hospital.

Technical Recommendations :

Stock: *UNVR*

Short Term Trend: Downtrend

Medium Term Trend: Bearish

Spec Buy: 41,800

Target Price 1: 42,750

Target Price 2: 43,800

Stop Loss: 40,850

Stock: *BNLI*

Short Term Trend: Sideways

Medium Term Trend: Bearish

Trade Buy : 985

Target Price 1: 1,065

Target Price 2: 1,120

Stop Loss: 935

Stock: *JPFA*

Short Term Trend: Sideways

Medium Term Trend: Sideways

Trade Buy : 1,635

Target Price 1: 1,690

Target Price 2: 1,730

Stop Loss: 1,590

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