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Commodities
Last Trade Chg (%) MoM YoY
WTI 49.7 -0.3 0.1 -3.7
Gold 1,263.1 -0.4 0.5 3.9
Coal 74.1 -0.3 -11.3 39.3
Palm Oil 2,757.0 1.3 6.8 9.7 Monthly average live bird prices (West Java)
Rubber 161.7 0.0 -0.7 36.9
Nickel 9,115.0 0.4 -3.5 8.1
Copper 5,656.0 0.0 -1.4 21.1
Tin 20,435.0 0.0 2.6 26.1
3,500 650 Source: Company data, Mirae Asset Sekuritas Research Indonesia
05/13 05/14 05/15 05/16 05/17
Local flash
PPRO: PP Properti expands the property market in East Java. Although the property
sector is dimming, PT PP Properti Tbk (PPRO) is expanding its business. This year, the
company is preparing for project expansion in East Java. The property company has
prepared several strategies to enter the East Java market, through acquisitions and
joint ventures. Two areas in East Java that have been targeted to be developed are
Malang and Surabaya. (Kontan)
PSAB: Profit J Resources slumped 62%. PT J Resources Asia Pasifik Tbk (PSAB)
recorded a decrease in profit attributable to owners of the parent company of 62.22%
from USD3.97 million in 1Q16 to USD1.5 million in 1Q17. While in QoQ, the company
posted a profit decrease of 78.23%. The drop in performance was due to a decrease in
sales from USD64.61 million in 1Q16 to USD49.82 million. (Bisnis Indonesia)
BIRD: Blue Bird prepares 15 JA Connexion buses. PT Blue Bird Tbk has set up 15 units
of buses in support of the Jabodetabek Airport Connexion program managed by
Jabodetabek Transportation Management Agency. Director of Blue Bird Sigit Priawan
Djokosoetono said it will enable shuttle buses spread across several malls and hotels in
Jakarta. (Bisnis Indonesia)
DPUM: Dua Putra Utama boosts export sales of marine products. PT Dua Putra
Utama Makmur Tbk (DPUM) is aiming for higher export sales this year. This seafood
processing company intends to add new markets to expand export sales. "We are
targeting export sales this year to contribute 60 percent to revenue," said DPUM
Deputy President Director Heri Akhyar. The portion almost doubled compared to last
year's export sales. (Kontan)
JRPT: Jaya Real focus on working on middle class segment. Until the next few years,
PT Jaya Real Property will focus on residential sales in the middle segment. Because,
this year, the property sector has not been too strong. Moreover, property sales in the
middle and upper segments still slumped. Corporate Secretary and Business
Development Jaya Real Property Arsinta Harsono, housing targeting the middle class
with offering price of less than IDR1 billion is available at Pasar Kemis project,
Tangerang District. (Kontan)
2
Mirae Asset Sekuritas Indonesia
Indonesia Daily Focus May 31, 2017
Technical analysis
Tasrul +62-21-515-1140 tasrul@miraeasset.co.id
Summary
Item Data Item Data
Close (May 30, 2017) 5,693.39(-0.3%) Trading range 5,674 5,713
Average index performance (%) 4.46 Target
Period 91 - Daily 5,712
r-squared 0.9209 - Weekly 5,797
Volatility (+/-, %) 0.46 - Monthly 5,929
Volatility (+/-, point) 26.3Stop loss 5,674
Source: Mirae Asset Sekuritas Indonesia Research
5,761.85
5,760.23
5,729.52
_____ 5,725.2 5,712.7
5,705
_____ 5,685.6 5,693.39
5,682.19
5,673.5 5,674.34
5,620.34
5,618.74
6,491,639,808
Optimization Trading System - 2010 5,946,259,456
2017 9 16 23 30 Feb 6 13 20 27 Mar 6 13 20 27 Apr 10 17 25 May 8 15 22 29
Created w ith AmiBroker - advanced charting and technical analysis softw are. http://w w w .amibroker.com
3
Indonesia Daily Focus May 31, 2017
35.288
-63.7693
36.2426
^JKSE [ ^JKSE ] - Daily - 5/30/2017 Open: 5,701 High: 5,730 Low: 5,693 Close: 5,693 Chg. -0.3%
Prev. Avg. Price: 5,705.6
Volatility (+) : 0.0034
Volatility (-) : -0.0035
V-Ratio : 0.98 5,729.52
_____ 5,725.2 5,712.7 5,705
_____ 5,685.6 5,693.39
5,674.34
5,673.5
5,618.74
6,491,639,808
Optimization Trading System - 2010
6 13 20 27 Mar 6 13 20 27 Apr 10 17 25 May 8 15 22 29 5,946,259,456
Created w ith AmiBroker - advanced charting and technical analysis softw are. http://w w w .amibroker.com
Figure 3. Daily : 5,674 5,712 Figure 4. Weekly : 5,645 5,797 Figure 5. Monthly : 5,457 5,929
^JKSE [ ^JKSE ] - Daily - 5/30/2017 Open: 5,701 High: 5,730 Low: ^JKSE [ ^JKSE ] - Weekly - 5/30/2017 Open: 5,729 High: 5,731 ^JKSE [ ^JKSE ] - Monthly - 5/30/2017 Open: 5,704 High: 5,874
Prev. Avg. Price: 5,705.6 Prev. Avg. Price: 5,705.9 Prev. Avg. Price: 5,715.1 x
Volatility (+) : 0.0034 Volatility (+) : 0.0140 Volatility (+) : 0.0414
Volatility (-) : -0.0035 Volatility (-) : -0.0126 Volatility (-) : -0.0415
V-Ratio : 0.98 V-Ratio : 1.11 V-Ratio : 1.00
5,797.0
_____ 5,785.9
5,693.39
5,715
5,705.9
_____ 5,725.2
5,712.7 5,693.39
_____ 5,477.8
_____ 5,634.1
5,645.0 5,457.1
5,705.9 5,693.39
_____ 5,685.6
5,673.5
6,491,639,808
124,374,122,496
11,696,152,576
May 8 15 22 29 2017 Apr 2016 2017
Created w ith AmiBroker - advanced charting and technical analysis sof tw are. http://w w w .amibroker.com Created w ith AmiBroker - advanced charting and technical analysis sof tw are. http://w w w .amibroker.com Created w ith AmiBroker - advanced charting and technical analysis sof tw are. http://w w w .amibroker.com
Source: Mirae Asset Sekuritas Indonesia Research Source: Mirae Asset Sekuritas Indonesia Research Source: Mirae Asset Sekuritas Indonesia Research
4
Mirae Asset Sekuritas Indonesia
Indonesia Daily Focus May 31, 2017
Chart 6. JCI Vs. USD/IDR Chart 7. JCI performance (absolute vs. relative)
(pt) JCI (L) USD/IDR (R) (IDR) (%, %p) Absolute Relative
6,000 20 18.7
5,800 13,700 16
12
5,600
13,500 8
5,400
4
5,200 0.0 0.1
13,300 0
5,000 -0.3 -1.0 -1.6
-4
-3.3
4,800 13,100 -8 -6.6
2/28 3/28 4/25 5/23 1D 1W 1M 1Y
Note: Relative to MSCI EM Index
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
-400 80
-482
-600 75
Korea Taiwan Indonesia Thailand Philippines India 2/28 3/28 4/25 5/23
Note: The latest figure for India are May 29th, 2017
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Chart 10. Non-ferrous metal price Chart 11. Precious metal price
(D-3M=100) Copper Nickel Tin (D-3M=100) Silver Gold Platinum
110 105
105
100
100
95
95
90
90
85
85
80 80
2/28 3/28 4/25 5/23 2/28 3/28 4/25 5/23
Source: Bloomberg, Mirae Asset Sekuritas Indonesia Source: Bloomberg, Mirae Asset Sekuritas Indonesia
5
Indonesia Daily Focus May 31, 2017
6
Mirae Asset Sekuritas Indonesia
Indonesia Daily Focus May 31, 2017
Economic Calendar
Time Currency Detail Forecast Previous
4:00am NZD RBNZ Financial Stability Report
6:01am GBP BRC Shop Price Index y/y -0.5%
6:01am GBP GfK Consumer Confidence -8 -7
6:50am JPY Prelim Industrial Production m/m 4.2% -1.9%
8:00am CNY Manufacturing PMI 51.0 51.2
8:00am CNY Non-Manufacturing PMI 54.0
8:00am NZD ANZ Business Confidence 11.0
8:30am AUD Private Sector Credit m/m 0.4% 0.3%
12:00pm JPY Housing Starts y/y -1.4% 0.2%
1:00pm CHF UBS Consumption Indicator 1.50
1:00pm EUR German Retail Sales m/m 0.4% 0.1%
1:45pm EUR French Prelim CPI m/m 0.2% 0.1%
2:55pm EUR German Unemployment Change -14K -15K
3:00pm CHF Credit Suisse Economic Expectations 22.2
3:00pm EUR Italian Monthly Unemployment Rate 11.6% 11.7%
3:30pm GBP Net Lending to Individuals m/m 4.5B 4.7B
3:30pm GBP M4 Money Supply m/m 0.4% 0.3%
3:30pm GBP Mortgage Approvals 66K 67K
4:00pm EUR CPI Flash Estimate y/y 1.5% 1.9%
4:00pm EUR Core CPI Flash Estimate y/y 1.0% 1.2%
4:00pm EUR Italian Prelim CPI m/m -0.2% 0.4%
4:00pm EUR Unemployment Rate 9.4% 9.5%
7:00pm USD FOMC Member Kaplan Speaks
7:30pm CAD GDP m/m 0.3% 0.0%
8:45pm USD Chicago PMI 57.0 58.3
9:00pm USD Pending Home Sales m/m 0.7% -0.8%
Note: Time is based on Indonesian local time
Source: Forex Factory
7
Indonesia Daily Focus May 31, 2017
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Mirae Asset Sekuritas Indonesia