Stability Over Growth FY19F JCI target: 6,560 (5.9% upside) We set our JCI target for 2019F at 6,560, derived from 9.3% FY19F EPS growth and 16.1x FY19F PE (5-year mean). Our FY19F JCI target implies a 5.9% upside from closing level...
Sinarmas Sekuritas | Market Outlook 2019 | Our view on commodities: In FY18, coal price has diverged between the premium and the lower grade coal. While the premium coal price benchmark (Newcastle 6,322) went up by 1% YTD by the time of this...
Danareksa Equity Snapshot - Plantation Sector (OVERWEIGHT) Yudha Gautama Malaysia’s palm oil inventory jumped to a record high of 3.01mn tons in Nov 18 (+17.7% YoY, +10.5% MoM), higher than the street’s estimate of 2.99mn tons, as weak exports prevailed over the decline in output. Going forward, we think CPO prices...
Oleh Lukman Otunuga, Research Analyst FXTM Rupiah melemah karena ketegangan dagang dan kekhawatiran perlambatan pertumbuhan global yang meningkat mengurangi minat terhadap mata uang pasar berkembang. Penghindaran risiko akan menekan mata uang pasar berkembang sepanjang pekan trading ini dan Dolar yang semakin stabil memicu tekanan turun. Prospek jangka pendek Rupiah semakin mengarah...
Jakarta – Sampai dengan 1 November 2018, 87% Perusahaan Tercatat (519 Perusahaan Tercatat) telah menyampaikan Laporan Keuangan kuartal III tahun 2018 (per 30 September 2018). Secara umum, kinerja keuangan Perusahaan Tercatat meningkat jika dibandingkan dengan periode sebelumnya, dengan peningkatan beberapa akun sebagai berikut: · Pendapatan mengalami kenaikan sebesar 10% atau...
TANGERANG, BANTEN – 29 Oktober 2018. Penerbangan Lion Air nomor penenerbangan JT 610 dengan rute penerbangan Cengkareng menuju Pangkalpinang mengalami kecelakaan setelah lepas landas dari Bandar Udara Internasional Soekarno Hatta pukul 06:20 WIB menuju Pangkalpinang. Setelah 13 menit mengudara pesawat jatuh di koordinat S 5’49.052” E 107’ 06.628” (sekitar...
Market sentiment: a yo-yo year The Indonesian equity market went on a mini bull run at the beginning of 2018, starting the year with the JCI at 6,356 before quickly climbing to its new all-time high of 6,689 on 19 Feb 2018. It plunged to...
Danareksa Equity Snapshot  Yudha Gautama We met with BCA’s consumercredit department (BBCA IJ; HOLD; TP Rp28,000)and discussed severalmatters concerning the Indonesian property market including the impact ofthe LTV relaxation rule and the reduction of property-related taxes...
Radhika Rao, Economist DBS Group Research Please see below a rundown of this week’s key data releases and events with macro relevance: China’s data is likely to signal more softness in domestic demand. The ECB is due to end monthly asset purchases, but policy tightening expectations will be pushed back. BSP policy move is...
The key sources of pressure on emerging markets (EMs) over the summer – chiefly tighter US monetary policy and a strengthening dollar, and risks to global trade and growth – remain in place even if market pressure on EMs has eased. The impact of both EM-wide and sovereign-specific factors...