Tuesday, August 18, 2020 · 8/18/2020 · See important disclaimer at the end of this report Tuesday, August 18, 2020 IHSG turun sebanyak 0 poin (0%) ke level 5247.69. ... Daily

1

Today’s Market:

IHSG diperkirakan bergerak mixed. Bursa AS ditutup men-

guat pada perdagangan Senin (17/08). Harga batubara

naik ke level USD 50.45 per Mt. Crude oil naik ke level

USD 42.81 per barrel. Rupiah sedikit melemah terhadap

Dollar AS di level Rp 14,795. 10Yr Government Bonds

Yield stabil di level 6.80%.

Dari global, Departemen Perdagangan mengumumkan

larangan tambahan kepada Huawei Technologies terkait

akses terhadap penjualan chip AS.

Dari dalam negeri, pemerintah mengumumkan RAPBN

2021 dimana asumsi GDP tumbuh 4.5% - 5.5%, defisit

anggaran sebesar 5.5%, inflasi 3%, dan USD/IDR 14,600.

Penerimaan cukai tembakau ditargetkan sebesar Rp 172.8

tn (+4.7% dari outlook 2020). Anggaran infrastruktur di-

proyeksikan sebesar Rp 414 tn (+46.3% dari outlook

2020).

Sehubungan dengan emiten, Wijaya Karya (WIKA), pada

1H20 mencatatkan pendapatan sebesar Rp 7.1 tn (-37.2%

YoY) dan laba bersih sebesar Rp 250 bn (-71.9% YoY).

Pencapaian tersebut berada dibawah estimasi.

Sehubungan dengan emiten, Wijaya Karya Gedung

(WEGE) pada 1H20 mencatatkan pendapatan sebesar Rp

1.7 tn (-20.5% YoY) dan laba bersih Rp 97 bn (-46.8%

YoY). Pencapaian tersebut berada dibawah estimasi.

Secara teknikal indeks hari Selasa (18/08), IHSG dipred-

iksi bergerak di kisaran 5187-5336.

Source: Bloomberg, Sinarmas Investment Research See pg. 6-8 for Technical Corner

www.sinarmassekuritas.co.id See important disclaimer at the end of this report

Tuesday, August 18, 2020

IHSG turun sebanyak 0 poin (0%) ke level 5247.69.

Sementara LQ45 turun sebanyak 0 poin (0%) ke level 827.22.

Foreign net buy sebesar Rp 127.26 miliar.

ID X Stat ist ics C lo sing

JCI 5,247.69

Transaction Value Regular M arket (IDR tn) 6.364

Transaction Volume Regular M arket (mn shares) 7,033

Foreign Net Buy (Sell) (IDR bn) 127

Foreign Net Buy (Sell) (1.57)

Total M arket Capitalization (IDR tn) 6,102.49

LQ45 827.22 0.00 (23.36)

EIDO 19.62 0.98 (30.99)

IDX 17.62 0.86 (29.07)

DOW JONES 27,844.91 (0.31) 12.64

S&P 500 3,381.99 0.27 26.50

NASDAQ 11,129.73 1.00 61.22

FTSE 6,127.44 0.61 (20.30)

NIKKEI 23,096.75 (0.83) 1.46

HANG SENG 25,347.34 0.65 (15.28)

STRAITS TIM ES 2,571.55 (0.38) (24.43)

KLSE 1,560.74 (0.25) (13.14)

USD/IDR 14,795.00 0.00 6.28

EUR/IDR 17,527.96 0.00 11.20

JPY/IDR 139.20 0.00 8.29

SGD/IDR 10,824.88 0.00 4.76

AUD/IDR 10,644.82 0.00 8.52

GBP/IDR 19,382.38 0.00 5.92

Crude Oil (USD/barrel) 42.81 7:48:46 AM (29.89)

Coal (USD/mn tons) 50.45 8/17/2020 (25.48)

Natural Gas (USD/mmBtu) 2.33 7:49:01 AM 6.58

Gold (USD/ounce) 1,984.67 7:59:08 AM 30.81

Nickel (USD/mn tons) 14,599.00 8/17/2020 4.09

Tins (USD/mn tons) 17,321.00 8/17/2020 0.85

CPO (M YR/mn tons) 2,774.00 8/17/2020 (8.78)

Rubber (JPY/kg) 170.90 7:00:10 AM (3.61)

Wheat (USD/bushel) 515.75 7:49:01 AM (7.70)

Corn (USD/bushel) 330.25 7:49:09 AM (14.83)

C o mmo dit ies

Other Indices C lo sing 1-D ay C hg (%)YT D

C hg (%)

C urrency Spo t R ate R ate ( ID R ) 1-D ay C hg (%)YT D

C hg (%)

P riceLast

T ransact io n

YT D

C hg (%)

2

Daily Corporate and Industry News

Pemerintah Indonesia menargetkan pemasukan dari cukai hasil tembakau (CHT) pada 2021 sebesar Rp 172.8 triliun dari target pemasukan CHT sebelumnya yang telah direvisi sebesar Rp 164.9 triliun pada 2020. Pemerintah Indonesia menganggarkan budget untuk infrastruktur pada tahun 2021 sebesar Rp 414 tn dari sebe-lumnya Rp 423.3 trilliun pada tahun 2020. Bank Mandiri (BMRI) tercatat sebagai mandated lead arranger dengan mengelola kredit sindikasi terbesar di Indone-sia mencapai US$ 879,09 juta dari sembilan transaksi hingga 14 Agustus 2020. Sehingga, BMRI memimpin pangsa pasar sindikasi Indonesia dengan pangsa 11.81%. Source: Investor Daily Wijaya Karya Gedung (WEGE), pada 1H20 mencatatkan pendapatan sebesar Rp 1.7 triliun (-20.5% YoY) dan laba bersih yang dapat diatribusikan kepada pemilik sebesar Rp 97 miliar (-46.8% YoY). Source: Kontan Wijaya Karya (WIKA), pada 1H20 mencatatkan pendapatan sebesar Rp 7.1 triliun (-37.2% YoY) dan laba bersih sebesar Rp 250 Miliar (-71.9% YoY). Source: Investor Daily Bank Permata (BNLI) meraih laba bersih sebesar Rp225,87 miliar hingga periode 30 Juni 2020 meningkat dibanding-kan laba bersih Rp148,76 miliar di periode sama tahun sebelumnya. Pendapatan setelah distribusi bagi hasil tercatat Rp435,26 miliar naik dari Rp381,48 milar tahun sebelumnya. Source: IQPlus Mitra Keluarga Karyasehat (MIKA) bakal melanjutkan rencana ekspansi dengan memulai pembangunan rumah sakit di dua lokasi baru pada akhir 2020. Progres pembangunan rumah sakit baru di Surabaya sudah mencapai 80% dan diharapkan beroperasi paling lambat pada awal 2021. Ekspansi tersebut menghabiskan belanja modal sekitar Rp 140 miliar dari total anggaran capital expenditure perseroan pada 2020 yang mencapai Rp283 miliar. Source: Bisnis In-donesia


3

World Equity Indices

Source: Bloomberg, Sinarmas Investment Research


WOR LD EQUIT Y IN D IC ES

N O T IC KER

1 INDU Index 29,568.57 18,213.65 (693.53) (2.43) 23.77 25.08 4.17 4.01 8,773.40 8,773.40

2 SPX Index 3,393.52 2,191.86 151.21 4.68 26.41 26.12 3.81 3.63 29,222.74 29,222.74

3 CCM P Index 11,144.53 6,631.42 2,157.13 24.04 60.73 38.96 5.96 5.59 17,503.95 17,503.95

4 SPTSX Index 17,970.51 11,172.73 (407.31) (2.39) 24.33 24.80 1.74 1.53 2,540.32 1,924.19

5 M EXBOL Index 45,955.41 32,503.25 (4,255.17) (9.77) 23.07 19.53 1.82 0.95 5,079.59 230.60

6 SX5E Index 3,867.28 2,302.84 (439.30) (11.73) 37.73 20.74 1.63 1.55 2,902.71 3,444.93

7 UKX Index 7,689.67 4,898.79 (1,415.00) (18.76) 64.00 19.96 1.52 1.52 1,679.91 2,201.18

8 CAC Index 6,111.41 3,632.06 (1,006.12) (16.83) 43.98 24.95 1.52 1.48 1,563.89 1,856.03

9 DAX Index 13,795.24 8,255.65 (328.35) (2.48) 38.49 20.22 1.62 1.52 1,186.83 1,408.54

10 IBEX Index 10,100.20 5,814.50 (2,459.10) (25.75) #N/A N/A 25.98 1.13 1.08 458.61 544.27

11 FTSEM IB Index 25,483.05 14,153.09 (3,556.05) (15.13) 79.64 22.63 1.09 1.03 460.93 547.04

12 AEX Index 632.12 389.60 (41.64) (6.89) 70.41 23.97 s 1.73 769.46 913.20

13 SM I Index 11,270.00 7,650.23 (388.88) (3.66) 23.35 19.71 2.58 2.48 1,204.44 1,329.70

14 AS51 Index 7,197.20 4,402.50 (587.48) (8.79) 23.49 21.90 1.94 1.90 1,882.11 1,357.38

15 AS30 Index 7,289.70 4,429.10 (558.80) (8.21) 24.69 22.71 1.95 1.90 2,081.49 1,501.17

16 SHSZ300 Index 4,878.08 3,503.19 718.65 17.54 18.33 15.87 2.16 2.01 39,748.59 5,733.33

17 SHASHR Index 3,625.48 2,773.54 408.56 12.78 17.27 14.65 1.66 1.51 41,054.56 5,921.70

18 SZASHR Index 2,442.26 1,584.52 591.77 32.83 52.76 25.28 3.27 3.49 32,108.11 4,631.27

19 HSI Index 29,174.92 21,139.26 (2,842.41) (10.08) 12.10 11.92 1.05 0.99 17,420.07 2,247.66

20 HSCEI Index 11,502.47 8,290.34 (782.16) (7.00) 8.69 8.96 1.09 1.01 14,016.96 1,808.57

21 SENSEX Index 42,273.87 25,638.90 (3,202.96) (7.76) 28.05 24.20 2.79 2.75 74,464.40 996.02

22 NIFTY Index 12,430.50 7,511.10 (921.35) (7.57) 28.07 23.64 2.66 2.58 88,006.59 1,177.16

23 JCI Index 6,414.48 3,911.72 (1,051.85) (16.70) 10.06 19.16 0.37 1.88 6,102,488.47 410.42

24 LQ45 Index 1,036.62 566.05 (187.26) (18.46) 14.23 18.31 2.01 1.98 3,904,149.88 262.57

25 KSE100 Index 43,468.22 27,046.71 (612.58) (1.50) 10.82 7.92 1.19 1.00 6,181.86 36.76

26 NKY Index 24,115.95 16,358.19 (564.41) (2.39) 37.29 23.25 1.78 1.72 355,730.52 3,356.26

27 NEY Index 356.77 249.78 (16.08) (4.60) 24.70 21.38 1.14 1.10 431,823.17 4,074.19

28 TPX Index 1,747.20 1,199.25 (112.50) (6.54) 25.57 19.95 1.17 1.17 612,703.04 5,780.76

29 FBM KLCI Index 1,618.01 1,207.80 (28.02) (1.76) 20.22 20.42 1.63 1.53 1,008.36 240.54

30 NZSE Index 2,019.39 1,356.73 30.24 1.57 42.25 29.84 2.30 2.00 159.81 104.61

31 PCOM P Index 8,216.92 4,039.15 (1,746.48) (22.35) 20.21 19.93 1.53 1.48 7,728.52 159.03

32 FSSTI Index 3,285.72 2,208.42 (651.28) (20.21) 17.20 16.58 0.89 0.88 451.64 330.15

33 KOSPI Index 2,458.17 1,439.43 215.13 9.79 29.24 17.60 0.94 1.00 1,574,528.25 1,329.55

34 TWSE Index 13,031.70 8,523.63 958.97 7.99 21.08 19.48 2.01 2.11 39,162.48 1,329.89

35 SET Index 1,679.65 969.08 (258.93) (16.39) 21.56 22.20 1.48 1.49 14,266.45 457.90

36 SET50 Index 1,118.99 628.97 (207.25) (19.40) 20.84 22.21 1.66 1.57 9,667.56 310.30

37 VNINDEX Index 1,028.97 649.10 (110.84) (11.53) 14.18 15.53 1.89 2.04 2,992,306.65 129.17

T railing F o rwardD o main

C urrencyUSDLOW P OIN T % T railing F o rward

A sia/ P acif ic

A merica

52-WEEK C H A N GE YT D P ER (x) P B V (x) M A R KET C A P (B n)

Euro pe

H IGH

4

LQ45



HIGH LOW POINT % 2016 2017E 2016 2017E

1 #N/A Requesting Data...#N/A Requesting Data... EQUITY#N/A Invalid Security#N/A Invalid Security#VALUE! #VALUE!#N/A Requesting Data... EQUITY#N/A Requesting Data... EQUITY#N/A Requesting Data... EQUITY#N/A Invalid Security #VALUE!

2 ADRO IJ 1,115 1,715 610 (580) (34.22)#N/A Requesting Data... 7.47#N/A Requesting Data... 0.68 35,664.35

3 AKRA IJ 2,810 4,350 1,405 (3,190) (53.17)#N/A Requesting Data... 13.89#N/A Requesting Data... 1.28 11,281.29

4 ANTM IJ 785 1,175 338 (110) (12.29)#N/A Requesting Data... 83.15#N/A Requesting Data... 1.04 18,864.15

5 ASII IJ 5,375 7,250 3,220 (2,900) (35.05)#N/A Requesting Data... 14.18#N/A Requesting Data... 1.40 217,599.10

6 BBCA IJ 32,025 35,300 21,625 16,525 106.61#N/A Requesting Data... 34.33#N/A Requesting Data... 4.37 789,576.70

7 BBNI IJ 5,000 8,125 2,970 (525) (9.50)#N/A Requesting Data... 18.27#N/A Requesting Data... 0.84 93,243.28

8 BBRI IJ 3,340 4,760 2,160 1,005 43.04#N/A Requesting Data... 19.42#N/A Requesting Data... 2.10 411,975.01

9 BBTN IJ 1,450 2,350 720 (290) (16.67)#N/A Requesting Data... 13.99#N/A Requesting Data... 0.86 15,355.50

10 BMRI IJ 6,025 8,050 3,660 237 4.09#N/A Requesting Data... 18.18#N/A Requesting Data... 1.48 281,166.67

11 BSDE IJ 695 1,485 585 (1,060) (60.40)#N/A Requesting Data... 11.13#N/A Requesting Data... 0.44 14,714.10

12 BTPS IJ 3,870 5,125 1,790 #VALUE! #VALUE!#N/A Requesting Data... 31.11#N/A Requesting Data... 4.91 29,813.32

13 CPIN IJ 6,250 7,750 3,800 3,160 102.27#N/A Requesting Data... - - - 102,487.50

14 CTRA IJ 665 1,295 394 (670) (50.19)#N/A Requesting Data... 14.46#N/A Requesting Data... 0.76 12,342.60

15 ERAA IJ 1,680 2,060 805 1,080 180.00#N/A Requesting Data... 22.34#N/A Requesting Data... 1.03 5,359.20

16 EXCL IJ 2,550 3,730 1,315 240 10.39#N/A Requesting Data... 20.53#N/A Requesting Data... - 27,300.33

17 GGRM IJ 52,500 77,000 30,625 (11,400) (17.84)#N/A Requesting Data... 11.36#N/A Requesting Data... 1.86 101,014.62

18 HMSP IJ 1,735 3,080 1,085 (2,095) (54.70)#N/A Requesting Data... 18.29#N/A Requesting Data... 5.83 201,811.86

19 ICBP IJ 10,175 12,550 7,750 1,600 18.66#N/A Requesting Data... 20.60#N/A Requesting Data... 4.06 118,659.91

20 INCO IJ 3,660 4,320 1,340 840 29.79 - -#N/A Requesting Data... 1.22 36,367.00

21 INDF IJ 7,325 8,300 5,000 (600) (7.57)#N/A Requesting Data... 12.04#N/A Requesting Data... 1.57 64,316.62

22 INKP IJ 9,700 9,975 3,020 8,745 915.71#N/A Requesting Data... 11.20#N/A Requesting Data... #N/A N/A 53,068.53

23 INTP IJ 11,950 22,700 8,650 (3,450) (22.40)#N/A Requesting Data... 28.80#N/A Requesting Data... 1.91 43,990.72

24 ITMG IJ 8,125 15,200 5,650 (8,750) (51.85)#N/A Requesting Data... 8.64#N/A Requesting Data... 0.71 9,180.64

25 JPFA IJ 1,110 1,860 760 (345) (23.71)#N/A Requesting Data... 10.93#N/A Requesting Data... 1.11 13,016.50

26 JSMR IJ 4,060 5,825 2,230 (260) (6.02)#N/A Requesting Data... 29.40#N/A Requesting Data... 1.45 29,466.96

27 KLBF IJ 1,625 1,695 830 110 7.26#N/A Requesting Data... 28.34#N/A Requesting Data... 4.37 76,172.07

28 MDKA IJ 1,810 2,120 890 1,426 371.35#N/A Requesting Data... 40.41#N/A Requesting Data... 5.07 39,634.64

29 MIKA IJ 2,300 3,030 1,570 (270) (10.51)#N/A Requesting Data... 48.44#N/A Requesting Data... 6.87 32,766.60

30 MNCN IJ 880 1,780 750 (875) (49.86)#N/A Requesting Data... 5.63#N/A Requesting Data... - 13,090.97

31 PGAS IJ 1,230 2,460 605 (1,470) (54.44)#N/A Requesting Data... 10.30#N/A Requesting Data... 0.77 29,817.06

32 PTBA IJ 2,060 2,870 1,385 (440) (17.60)#N/A Requesting Data... 7.96#N/A Requesting Data... 1.28 23,732.56

33 PTPP IJ 985 2,020 484 (2,825) (74.15)#N/A Requesting Data... 17.19#N/A Requesting Data... 0.49 6,106.90

34 PWON IJ 392 695 266 (173) (30.62)#N/A Requesting Data... 10.55#N/A Requesting Data... 1.14 18,878.56

35 SCMA IJ 1,210 1,625 600 (1,590) (56.79)#N/A Requesting Data... 16.36#N/A Requesting Data... 3.22 17,877.35

36 SMGR IJ 9,500 13,500 5,475 325 3.54#N/A Requesting Data... 25.62#N/A Requesting Data... - 56,349.44

37 SMRA IJ 565 1,285 350 (760) (57.36)#N/A Requesting Data... 31.66#N/A Requesting Data... 1.11 8,151.13

38 SRIL IJ 196 342 113 (34) (14.78)#N/A Requesting Data... 3.28#N/A Requesting Data... #N/A N/A 4,008.63

39 TBIG IJ 1,275 1,365 730 279 28.01#N/A Requesting Data... 25.79#N/A Requesting Data... 4.96 28,887.67

40 TKIM IJ 6,950 12,475 3,750 6,220 852.05#N/A Requesting Data... #N/A N/A#N/A Requesting Data... #N/A N/A 21,636.90

41 TLKM IJ 3,030 4,440 2,417 (950) (23.87)#N/A Requesting Data... 14.47#N/A Requesting Data... 2.74 300,158.52

42 TOWR IJ 1,035 1,180 575 319 44.55#N/A Requesting Data... 19.50#N/A Requesting Data... 5.14 52,800.14

43 UNTR IJ 23,075 25,175 12,000 1,825 8.59#N/A Requesting Data... 10.78#N/A Requesting Data... 1.38 86,072.87

44 UNVR IJ 8,200 9,795 5,275 440 5.67#N/A Requesting Data... 40.61#N/A Requesting Data... 54.02 312,830.00

45 WIKA IJ 1,185 2,390 675 (1,175) (49.79)#N/A Requesting Data... 9.34#N/A Requesting Data... 0.65 10,629.39

MARKET CAP

(Bn)LQ45 Index

CHANGE YTD PER (x) PBV (x)17-Aug-20

52-WEEK

5

Macro data


www.sinarmassekuritas.co.id

D escript io n 1-D ay (%) 5-D ays (%) 1-M o nth (%) YT D (%)

Property 0.00 0.91 (5.05) (41.72)

Basic Industry 0.00 0.52 (2.71) (21.88)

Trade 0.00 (1.53) 3.10 (18.60)

Finance 0.00 3.99 6.33 (13.66)

M iscellaneous Industry 0.00 3.52 2.75 (22.37)

Consumer 0.00 1.57 4.22 (5.35)

Infrastructure 0.00 0.05 (0.33) (21.93)

Agriculture 0.00 (0.41) 7.03 (21.81)

M ining 0.00 (1.39) 7.57 (8.88)

Jul-20 Jun-20

0.98 3.61

1.54 1.96

-0.10 0.18

135.10 131.72

F OR EX Spo t R ate 1-D ay (%) 1-M o nth (%) YT D (%)

USD/IDR 14,795.00 - (2.33) #N/A

USD/CNY 6.93 0.25 0.86 0.44

USD/EUR 0.84 (0.17) (3.71) (5.70)

USD/JPY 105.77 0.22 1.42 2.69

USD/SGD 1.37 0.09 1.62 (1.52)

USD/AUD 1.38 (0.14) (2.88) (2.88)

USD/GBP 0.76 (0.18) (3.56) 0.98

( in %)

4.63

0.27

1.46

5.82

6.80

7.25

Inflation M oM (in %)

Foreign Reserves (in USD bn)

Secto rs

Eco no mic Indicato rs

Inflation YTD (in %)

Eco no mic P arameters

Inflation YoY (in %)

Indonesia 5-Year Government Bonds Yield



Lending and D epo sit R ates

JIBOR (in IDR)

LIBOR (in GBP)

SIBOR ( in USD)

Technical Corner


JCI : MIXED

Last price : 5.247

Support : 5.235, 5.187

Resistance : 5.278, 5.336

JCI pada hari ini kami perkirakan akan bergerak MIXED dengan range 5.187 – 5.336. JCI berhasil breakout

Resistance 5.235, berpeluang melanjutkan penguatan dengan mencoba Resistance 5.278 dan 5.336, Namun,

jika JCI gagal bertahan diatas Resistance 5.235, akan kembali menguji Support 5.187. Indikator MACD

mengindikasikan pola Uptrend dan Stoc osc mengindikasikan pola Overbought.

Jakarta Composite Index (JCI)

Summary of portfolio:

Stock Recommendation Comment

DMAS BUY ON WEAKNESS DMAS berhasil breakout Resistance Trendline 236, berpeluang melanjutkan

penguatan dengan mencoba Resistance 242 dan 250. Namun, jika DMAS tidak

berhasil bertahan diatas 236, akan menguji Support 234.

ISAT BUY ON WEAKNESS ISAT berhasil breakout Resistance Trendline 2.540, berpeluang melanjutkan

penguatan dengan mencoba Resistance 2.590 dan 2.640. Namun, jika ISAT

gagal bertahan diatas 2.540, akan kembali menguji Support 2.480 dan 2.440.

JPFA HOLD JPFA bertahan pada Resistance 1.110, berpeluang mencoba Resistance

Trendline 1.130 dan 1.145, Namun, jika JPFA tidak berhasil bertahan diatas

Resistance 1.110, akan kembali menguji Support 1.090 dan 1.075.

TLKM HOLD Entry point 3.000 sudah tercapai (14/8) TLKM breakout Resistance Trendline

3.030, berpeluang melanjutkan penguatan dengan mencoba Resistance 3.050

dan 3.100.

DMAS : BUY ON WEAKNESS

Last price : 236

Target price : 260 (11.1%)

Entry point : 234

Stop loss : 222 (-5.1%)

DMAS berhasil breakout Resistance Trendline 236, berpeluang melanjutkan penguatan dengan mencoba Resistance

242 dan 250. Namun, jika DMAS tidak berhasil bertahan diatas 236, akan menguji Support 234. DMAS dilihat dari

Indikator Stoc osc mengindikasikan pola Overbought dan MACD mengindikasikan pola Neutral.

ISAT : BUY ON WEAKNESS

Last price : 2.540

Target price : 2.640 (4.8%)

Entry point : 2.520

Stop loss : 2.440 (-3.2%)

ISAT berhasil breakout Resistance Trendline 2.540, berpeluang melanjutkan penguatan dengan mencoba Resistance

2.590 dan 2.640. Namun, jika ISAT gagal bertahan diatas 2.540, akan kembali menguji Support 2.480 dan 2.440.

ISAT dllihat dari Indikator MACD dan Stoc osc mengindikasiakn pola Uptrend.

Support : 234, 230

Resistance : 242, 250

Support : 2.480, 2.440


Indosat Tbk (ISAT)

Puradelta LestariTbk (DMAS)


Japfa Comfeed Indonesia Tbk (JPFA)

Telekomunikasi Indonesia (Persero)Tbk (TLKM)


JPFA : HOLD

Last price : 1.110


Stop loss : 1.055 (-4.1%)

JPFA bertahan pada Resistance 1.110, berpeluang mencoba Resistance Trendline 1.130 dan 1.145, Namun, jika JPFA

tidak berhasil bertahan diatas Resistance 1.110, akan kembali menguji Support 1.090 dan 1.075. JPFA dilihat dari

Indikator MACD dan Stoc osc mengindikasikan pola Uptrend.

TLKM : HOLD

Last price : 3.030


Stop loss : 2.900 (-3.3%)

Entry point 3.000 sudah tercapai (14/8) TLKM breakout Resistance Trendline 3.030, berpeluang melanjutkan

penguatan dengan mencoba Resistance 3.050 dan 3.100. Namun, jika TLKM, gagal bertahan diatas Resistance

Trendline 3.030, akan menguji Support 2.970 dan 2.940. TLKM dilihat dari Indikator MACD dan Stoc osc mengindikasi-

kan pola Uptrend.

Support : 1.090, 1.075


Support : 2.970, 2.940


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Equity Research Team

DEPUTY HEAD OF RESEARCH

Richard Suherman

Commodities

Tel: +62 21 3925550 Ext: 610

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DEPUTY HEAD OF RESEARCH

Richardson Raymond

Property, Industrial Estate

Tel: +62 21 3925550 Ext: 159

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EQUITY ANALYST

Paulina

Consumer, Retail, Cement

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RESEARCH ASSOCIATE

Andrianto Saputra

Tobacco, Plantation

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RESEARCH ASSOCIATE

Kharel Devin Fielim

Media, Poultry, Construction

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TECHNICAL ANALYST

Eddy Wijaya

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ment from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Seku-

ritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or

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expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever

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Documents

Tuesday, August 18, 2020 · 8/18/2020 · See important disclaimer at the end of this report Tuesday, August 18, 2020 IHSG turun sebanyak 0 poin (0%) ke level 5247.69. ... Daily