1. Ingeniería

Thursday
January 29 2015
Morning Brief
Daily IHSG (Jakarta Composite Index)
January 28
5268.85
Chg
‐8.30 pts (‐0.16%)
Volume (bn shares)
5.83
Value (IDR tn)
5.59
Adv 152 Dec 301 Unc 99 Untr 151 Indonesian Market Daily
Foreign Transac on
(IDR bn)
2,327
Buy
2,751
Sell
(424)
Net Buy (Sell)
Top Net Buy NB Val. Top Net Sell NS Val. BBNI
87.2 BBRI
105.2
BMRI
45.1 PGAS
61.9
ASII
37.3 TLKM
37.5
INTP
24.3 INDF
35.8
SMRA
22.8 BBTN
18.9
LQ‐45 Index Top Gainers & Losers
Gainers SMRA
LPPF
WIKA
PTBA
BBTN
% 2.8%
2.0%
1.2%
1.1%
1.0%
Losers BSDE
BDMN
TAXI
TBIG
AALI
% ‐5.2%
‐4.5%
‐4.2%
‐3.6%
‐2.5%
Government Bond Yield & FX
Tenor: 10 year
USD/IDR
KRW/IDR
Last Chg. 7.1605%
‐0.58%
12,487.00
11.51
0.14%
‐0.29%
Global Indexes
Index Last Chg. % Dow Jones
17,191.37
(195.84)
‐1.13%
S&P 500
2,002.16
(27.39)
‐1.35%
Nasdaq
4,637.99
(43.50)
‐0.93%
FTSE 100
6,825.94
14.33
0.21%
CAC 40
4,610.94
(13.27)
‐0.29%
DAX
10,710.97
82.39
0.78%
Nikkei
17,795.73
27.43
0.15%
Hang Seng
24,861.81
54.53
0.22%
S&P/ASX 200
5,547.23
45.41
0.83%
CSI 300
3,525.32
(49.61)
‐1.39%
KOSPI
1,952.40
16.72
0.86%
Source: Win Direct Pro
JCI ‐ daily charts
Source: Win Direct Pro
Indonesian Market Recap: JCI closed slightly lower yesterday as the investor cau ously waited for FOMC
mee ng. Top losers: Finance (‐0.70%), Agri (‐0.54%), Consumer (‐0.49%). Today’s Outlook For today we expect JCI to move slightly lower within support range 5228‐5244 and resistance range 5281‐5303. JCI on the short‐term period is in sideways
pa ern, moving in window gap area of 5268‐5281. It seems that JCI will wait for
significant catalyst domes cally or globally to move far from the window gap
area. For today we an cipate oil prices decline to below USD per barrel will de‐
press JCI, especially commodi es sector.
Global Market United States US market ended lower last night as energy sector led the losses a er crude oil
hit lowest level since March 2009.
Europe European market closed mixed yesterday with pressure came from slump in
Greek banking stocks, as an impact of Syriza party won in elec on.
Asia Asian market ended mixed yesterday as investor focused on the US Federal Re‐
serve’s mee ng, to obtain hint about me of interest rate hike.
Daily Recommenda on (details on the next page)
Trading Buy: TLKM, SMRA, LPCK
Daily News SSIA
AALI
KLBF
LPKR
: Targe ng IDR 4.1 trillion of new contracts
: CPO produc on grows 13 percent in 2014
: Will construct Biotechnology Factory
: Started project valued IDR 200 trillion
Supplements BKPM: 2014 investment realiza on at IDR 463.1 trillion
The Fed will remain be pa ent
Indonesia Economic Data
Commodity Price
Commodity JCI ‐ Intraday
Last Chg. % Monthly Indicator Gold ($/troy oz.)
1,284.49
(7.85)
‐0.61%
BI Rate
Crude Oil ($/bbl)
44.45
(1.78)
‐3.85%
Gas ($/mmbtu)
2.84
(0.09)
Last Prev. Quarterly Indicator Last Prev. 7.75%
7.75%
FX Reserve (USD bn)
111.86
111.14
Real GDP
5.01%
5.12%
Current Acc (USD bn)
(6.84)
(8.69)
‐3.17%
Trd Balance (USD bn)
‐0.43
0.02
Govt Spending Yoy
4.37%
‐0.71%
Exports Yoy
‐14.57%
‐2.23%
FDI (USD bn)
5.48
5.00
107.24
106.00
116.50
119.80
Nickel LME ($/MT) 14,993
262.50
1.78%
Tin LME ($/MT)
19,201
(70.00)
‐0.36%
Imports Yoy
‐7.31%
‐2.21%
Business Confidence
CPO (MYR/Ton)
2,178
6.00
0.28%
Infla on Yoy
8.36%
6.23%
Cons. Confidence
PT Woori Korindo Securi es Indonesia — Daily Morning Brief | www.woorisec.com
Page 11
Stocks Recommenda on
TLKM
Analysis
We see white candles ck a er long‐legged
hammer candles ck, indica ng confirmed bull‐
ish reversal. Price rebound near its MA50 and
MA100 line.
Range
2820‐2905
Ac on
Trading buy as price above 2795
Source: Win Direct Pro
SMRA
Analysis We see white candles ck a er spinning can‐
dles ck, indica ng confirmed bullish reversal.
Price rebound on its MA20 or middle bollinger
line.
Range
1605‐1715
Ac on
Trading buy as price above 1605
Source: Win Direct Pro
LPCK
Analysis We see white candles ck, a er three consecu‐
ves small candles ck, formed three black
crows pa ern, indica ng bullish con nua on
possibility. Stochas c shows golden cross.
Range
11125‐11850
Ac on
Trading buy as price above 11125
Source: Win Direct Pro
Daily News
SSIA : Targe ng IDR 4.1 trillion of new contracts Industrial estate developer and construc on company, PT
Surya Semesta Internusa, Tbk is targe ng IDR 4.1 trillion of
new contracts this year. This new contracts target is also
considering contracts from its subsidiary. The company es ‐
mated that this target is 28.39 percent higher than last year
new contracts at IDR 3.2 trillion. Last year new contracts was
31 percent lower than 2013 new contracts due to elec on
event that hampered construc on demand.
AALI : CPO produc on grows 13 percent in 2014 CPO producer, PT Astra Agro Lestari, Tbk reported that its
produc on output grows 13 percent in 2014. Total produc‐
on in 2014 is reported at 1.74 million ton, higher than 2013
realiza on at 1.54 million ton. Biggest contribu on comes
from Kalimantan area that grows 16.8 percent into 2.35 mil‐
lion ton.
KLBF : Will construct Biotechnology Factory Pharmacy producer, PT Kalbe Farma will construct biotech‐
nology factory valued IDR 400 billion. The company now is
focusing to decide factory’s loca on and produc on capaci‐
ty. This new factory will supply raw materials from living cell
such as from human, animals, and plant. The company sees
that demand for products from biotechnology is promising in
the future.
LPKR : Started project valued IDR 200 trillion Property developer, PT Lippo Karawaci, Tbk started its first
phase of mega project called Millenium Village‐The Global
Smart City. This project is located in central business district
(CBD) in Township Lippo Village, Karawaci, Tangerang. This
project is valued IDR 200 trillion with the concept is integrat‐
ed city with green environment balancing high‐rise building.
PT Woori Korindo Securi es Indonesia — Daily Morning Brief | www.woorisec.come 2
Page 22
Technical Indicators
Ticker
IHSG
Support
S3
S2
Resistance
S1
R1
R2
R3
5,295
5,246
5,255
5,262
5,279
5,288
AALI
22,825
23,250
23,575
24,325
24,750
LSIP
1,778
1,801
1,818
1,858
1,881
SMA 5
MACD
STOCHASTIC
RSI
LOWER MIDDLE UPPER BOLLINGER BAND BOLLINGER BAND BOLLINGER BAND
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
5,123
5,211
5,299
25,075 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
23,312
24,635
25,958
1,810
1,923
2,035
1,059
Agriculture
1,898 NEGATIVE NEGATIVE
OVERSOLD
NEAR OVERBOUGHT
Mining
ADRO
975
985
990
1,005
1,015
1,020 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
927
993
HRUM
1,633
1,644
1,653
1,673
1,684
1,693 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
1,662
1,721
1,780
ITMG
14,838
14,994
15,163
15,488
15,644
15,069
15,824
15,813
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
14,314
INCO
3,500
3,528
3,550
3,600
3,628
3,650
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
3,324
3,505
3,686
TINS
1,158
1,164
1,168
1,178
1,184
1,188 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
1,158
1,189
1,221
Basic Industries
CPIN
3,955
3,965
3,980
4,005
4,015
4,030
POSITIVE POSITIVE
OVERBOUGHT
NEAR OVERBOUGHT
3,694
3,850
4,006
MAIN
2,123
2,139
2,153
2,183
2,199
2,213
POSITIVE POSITIVE
OVERBOUGHT
NEAR OVERBOUGHT
1,905
2,049
2,194
JPFA
855
870
880
905
920
930 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
872
918
963
INTP
22,663
22,769
22,888
23,113
23,219
21,659
23,766
25,873
23,338
SMCB
1,923
1,941
1,963
2,003
2,021
SMGR
14,288
14,356
14,413
14,538
14,606
14,663
WTON
1,320
1,333
1,340
1,360
1,373
1,380
7,663
7,719
7,788
7,913
7,969
POSITIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
2,043 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
1,868
2,083
2,299
13,728
15,390
17,052
NEAR OVERBOUGHT
1,258
1,313
1,368
8,038 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
6,746
7,386
8,026
POSITIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
POSITIVE POSITIVE
OVERBOUGHT
Misc. Industries
ASII
Consumer
AISA
1,980
2,010
2,085
2,190
2,220
ICBP
13,863
14,181
14,363
14,863
15,181
INDF
7,238
7,319
7,363
7,488
7,569
ROTI
1,370
1,380
1,395
1,420
1,430
56,163
56,606
56,813
57,463
57,906
GGRM
KLBF
1,810
1,828
1,840
1,870
1,888
UNVR
34,788
35,006
35,263
35,738
35,956
2,295 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
2,012
2,098
2,184
11,849
13,434
15,019
7,613 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
6,868
7,348
7,827
1,445
NEAR OVERBOUGHT
1,240
1,332
1,424
58,113
POSITIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
54,550
59,590
64,630
1,900
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
15,363
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
POSITIVE POSITIVE
36,213 NEGATIVE POSITIVE
OVERBOUGHT
OVERBOUGHT
NEAR OVERBOUGHT
1,761
1,814
1,867
30,882
33,630
36,378
Property
ASRI
568
576
583
598
606
613 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
555
582
608
BEST
695
703
710
725
733
740 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
706
731
756
BSDE
1,873
1,911
1,938
2,003
2,041
2,068 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
1,824
1,981
2,138
CTRA
1,410
1,415
1,425
1,440
1,445
1,455 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
1,272
1,392
1,512
CTRP
808
811
818
828
831
LPKR
1,050
1,063
1,075
1,100
1,113
PWON
ADHI
481
483
486
491
493
3,548
3,579
3,603
3,658
3,689
838 NEGATIVE NEGATIVE
1,125
NEAR OVERBOUGHT
804
842
880
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
OVERSOLD
974
1,038
1,102
457
503
550
3,713
496 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
POSITIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
3,409
3,547
3,685
POSITIVE NEGATIVE
PTPP
3,703
3,726
3,758
3,813
3,836
3,868
NEAR OVERBOUGHT
3,513
3,677
3,840
TOTL
1,083
1,091
1,098
1,113
1,121
1,128 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
OVERBOUGHT
1,065
1,121
1,176
WIKA
3,535
3,573
3,610
3,685
3,723
3,760
POSITIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
3,524
3,622
3,719
WSKT
1,578
1,599
1,618
1,658
1,679
1,698
POSITIVE POSITIVE
OVERBOUGHT
OVERBOUGHT
1,352
1,481
1,609
POSITIVE POSITIVE
OVERBOUGHT
Infrastructure
EXCL
4,830
4,860
4,890
4,950
4,980
5,010
NEAR OVERBOUGHT
4,340
4,688
5,037
TLKM
2,798
2,811
2,828
2,858
2,871
2,888 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
2,794
2,850
2,906
PGAS
5,150
5,175
5,200
5,250
5,275
5,300 NEGATIVE NEGATIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
5,064
5,600
6,136
JSMR
6,938
6,981
7,038
7,138
7,181
7,238
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
6,905
7,024
7,143
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
13,306
Finance
BBCA
12,963
13,056
13,138
13,313
13,406
13,488
BBNI
6,025
6,100
6,150
6,275
6,350
6,400
BBRI
11,438
11,556
11,688
11,938
12,056
BBTN
970
985
995
1,020
1,035
BMRI
10,763
10,869
10,963
11,163
11,269
12,856
13,081
NEAR OVERBOUGHT
5,910
6,069
6,228
12,188 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
11,372
11,706
12,040
POSITIVE POSITIVE
1,045 NEGATIVE NEGATIVE
OVERBOUGHT
OVERSOLD
OVERSOLD
11,363 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
969
1,134
1,298
10,535
10,884
11,232
Trade
AKRA
4,530
4,563
4,585
4,640
4,673
4,695
POSITIVE POSITIVE
OVERBOUGHT
NEAR OVERBOUGHT
4,221
4,502
4,783
UNTR
17,838
17,944
18,063
18,288
18,394
18,513
POSITIVE POSITIVE
OVERBOUGHT
NEAR OVERBOUGHT
16,598
17,323
18,047
ACES
718
726
743
768
776
793
ERAA
1,165
1,183
1,195
1,225
1,243
1,255
LPPF
14,613
14,906
15,163
15,713
16,006
16,263
MPPA
3,500
3,525
3,555
3,610
3,635
3,665
POSITIVE POSITIVE
OVERBOUGHT
OVERBOUGHT
920
945
970
1,020
1,045
1,070
POSITIVE POSITIVE
OVERBOUGHT
3,428
3,469
3,508
3,588
3,629
TELE
SCMA
BHIT
BMTR
273
277
280
287
291
1,740
1,770
1,810
1,880
1,910
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
675
753
832
POSITIVE POSITIVE
NEAR OVERBOUGHT
988
1,103
1,217
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
13,789
14,835
15,881
2,706
3,082
3,459
NEAR OVERBOUGHT
876
928
979
3,668 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
3,147
3,409
3,670
294
OVERBOUGHT
POSITIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
268
281
295
1,950 NEGATIVE POSITIVE NEAR OVERBOUGHT NEAR OVERBOUGHT
1,283
1,699
2,114
PT Woori Korindo Securi es Indonesia — Daily Morning Brief | www.woorisec.come 3
Page 33
Fundamental Ra os
Ticker
12 Month Consensus Return Target Price
Potential
IHSG
5,635
6.96%
Market Cap (trillion IDR)
PE (x)
PBV (x)
ROE (%)
DER
52 Week High
52 Week Low
YTD Return (%)
1 Year Return
4,981.4
23.3
2.4
12.59%
0.67
5,325
4,294
0.80%
21.36%
0.27
29,850
19,250
‐2.37%
10.50%
2,480
1,600
‐2.38%
12.84%
Agriculture
AALI
27,170
14.76%
37.3
13.4
3.4
28.06%
LSIP
2,193
18.85%
12.6
12.3
1.8
15.44%
‐
Mining
ADRO
1,209
21.54%
31.8
9.5
0.9
9.64%
HRUM
1,319
‐21.04%
4.5
14.6
1.2
8.02%
0.70
1,390
880
‐4.33%
6.42%
‐
2,565
1,410
0.60%
‐30.85%
ITMG
21,333
38.52%
17.4
6.6
1.4
21.63%
INCO
4,513
26.77%
35.4
22.9
1.5
6.78%
0.13
‐
30,250
14,275
0.16%
‐40.19%
4,575
2,230
‐1.79%
TINS
1,445
22.98%
8.8
12.6
1.8
14.88%
49.89%
0.28
1,595
848
‐4.47%
34.27%
CPIN
4,434
11.26%
65.3
32.1
6.0
MAIN
2,734
25.68%
3.9
210.1
3.3
19.85%
0.29
4,500
3,690
5.42%
‐0.38%
1.71%
1.13
3,715
1,910
2.11%
‐34.09%
‐35.38%
Basic Industries
JPFA
1,211
35.32%
9.5
61.3
2.0
3.19%
1.45
1,705
875
‐5.79%
INTP
25,361
10.27%
84.7
16.5
3.6
22.85%
0.01
27,500
20,000
‐8.00%
8.24%
SMCB
2,310
17.56%
15.1
16.3
1.7
10.64%
0.42
3,100
1,880
‐10.07%
‐10.07%
SMGR
16,588
14.60%
85.9
15.5
3.8
26.70%
0.19
17,400
13,500
‐10.65%
3.39%
7,555
‐3.46%
316.8
15.5
3.5
24.35%
0.61
8,100
6,225
5.39%
22.75%
Misc. Industries
ASII
Consumer
AISA
2,900
36.15%
6.9
18.3
2.4
14.12%
0.72
2,620
1,540
1.67%
35.67%
ICBP
12,782
‐13.05%
85.7
35.1
6.3
18.95%
0.15
16,050
9,800
12.21%
37.70%
INDF
8,210
10.95%
65.0
18.0
2.6
15.11%
0.72
7,800
6,325
9.63%
6.47%
ROTI
1,558
11.30%
7.1
35.6
7.8
24.50%
0.83
1,480
1,000
1.08%
35.92%
GGRM
63,938
11.83%
110.0
21.4
3.5
17.14%
0.44
64,250
39,700
‐5.81%
39.45%
KLBF
1,786
‐3.96%
87.2
42.2
9.9
24.94%
0.07
1,880
1,355
1.64%
32.38%
UNVR
30,914
‐12.92%
270.9
51.0
49.5
96.71%
0.23
36,275
27,000
9.91%
28.16%
ASRI
606
1.81%
11.7
14.1
2.0
15.07%
0.86
680
430
6.25%
19.00%
BEST
749
4.00%
6.9
12.8
2.5
21.87%
0.22
770
409
‐1.37%
67.44%
BSDE
2,165
8.79%
36.6
9.7
2.5
30.69%
0.31
2,185
1,330
10.25%
44.20%
CTRA
1,431
0.07%
21.7
18.8
3.1
17.68%
0.28
1,540
805
14.40%
75.46%
Property
CTRP
820
0.00%
5.0
16.4
1.2
7.52%
0.45
905
650
‐2.96%
23.31%
LPKR
1,222
12.07%
25.2
18.1
1.7
10.10%
0.55
1,295
885
6.86%
16.58%
553
12.76%
23.6
15.2
4.7
36.08%
0.43
555
297
‐4.85%
61.72%
3,518
‐3.36%
6.6
20.0
4.3
23.12%
0.94
3,775
1,680
4.60%
112.24%
195.72%
PWON
ADHI
PTPP
3,842
1.10%
18.4
37.4
8.6
25.07%
0.77
3,850
1,245
6.29%
TOTL
1,108
‐0.20%
3.8
23.4
5.0
22.11%
0.11
1,210
650
‐0.89%
65.67%
WIKA
3,616
‐1.60%
22.6
38.8
5.4
16.60%
0.37
3,895
1,840
‐0.14%
97.58%
WSKT
1,349
‐17.77%
16.0
41.7
6.6
16.77%
0.68
1,660
505
11.56%
218.45%
33.58%
Infrastructure
TLKM
3,006
5.64%
286.8
19.0
4.3
23.94%
0.24
3,010
2,095
‐0.70%
PGAS
6,324
21.03%
126.7
11.6
3.9
32.86%
0.39
6,225
4,390
‐12.92%
13.59%
JSMR
7,526
5.63%
48.5
33.4
4.9
15.37%
1.06
7,250
4,750
1.06%
38.35%
BBCA
13,171
‐0.79%
327.3
20.3
4.4
23.71%
0.11
13,575
9,700
1.14%
32.75%
BBNI
6,553
6.12%
115.2
11.4
2.1
19.95%
0.59
6,300
4,125
1.23%
42.61%
BBRI
12,837
9.72%
288.6
11.9
3.0
27.43%
0.59
12,200
8,050
0.43%
43.12%
BBTN
1,195
18.36%
10.7
8.5
0.9
11.02%
1.63
1,525
890
‐16.18%
12.22%
BMRI
11,880
8.25%
256.1
12.9
2.6
22.19%
0.45
11,375
8,150
1.86%
32.63%
Finance
Trade
AKRA
5,076
9.87%
18.1
25.6
3.5
14.17%
0.96
5,825
3,950
12.14%
10.26%
UNTR
20,368
11.91%
67.9
10.9
1.9
18.46%
0.11
25,350
16,425
4.90%
‐2.67%
ACES
884
17.06%
12.9
22.8
5.9
29.04%
0.02
1,025
675
‐3.82%
2.03%
ERAA
1,233
2.34%
3.5
12.0
1.2
10.49%
0.43
1,665
950
10.55%
7.11%
MPPA
3,478
‐2.32%
19.1
40.1
7.2
16.43%
0.02
3,665
1,900
16.72%
80.25%
TELE
1,083
6.20%
7.2
17.7
3.0
17.74%
1.05
1,020
670
9.68%
47.83%
SCMA
3,590
1.12%
51.9
35.9
16.8
49.24%
0.00
4,200
2,410
1.43%
38.94%
BMTR
2,113
15.75%
25.9
37.0
2.3
6.35%
0.32
2,500
1,375
28.07%
‐0.27%
PT Woori Korindo Securi es Indonesia — Daily Morning Brief | www.woorisec.come 4
Page 44
Global Economic Calendar
Date Monday 26‐Jan
Tuesday 27‐Jan
Hour Event Jakarta JPN
6:50 AM Trade Balance (JPY Tn)
GER
4:00 PM Ifo Business Climate
Euroope All Day Eurogroup Mee ngs
Country CHN
GBR
Europe
USA
USA
USA
USA
9:00 AM
4:30 PM
All Day
8:30 PM
8:30 PM
10:00 PM
10:00 PM
CB Leading Index
Preliminary GDP
ECOFIN Mee ngs
Core Durable Goods Orders
Durable Goods Orders
CB Consumer Confidence
New Home Sales (in '000)
Wednesday 28‐Jan
GER
2:00 PM GfK German Consumer Climate
Thursday 29‐Jan
USA
USA
JPN
GER
USA
USA
2:00 AM
2:00 AM
6:50 AM
All Day
8:30 PM
10:00 PM
FOMC Statement
Federal Funds Rate
Retail Sales
German Preliminary CPI
Unemployment Claims
Pending Home Sales
JPN
JPN
JPN
Europe
Europe
Europe
Europe
USA
USA
USA
6:30 AM
6:30 AM
6:50 AM
2:00 PM
5:00 PM
5:00 PM
5:00 PM
8:30 PM
9:45 PM
9:55 PM
Household Spending
Tokyo Core CPI
Preliminary Industrial Produc on
German Retail Sales
CPI Flash Es mate
Core CPI Flash Es mate
Unemployment Rate
Advance GDP
Chicago PMI
Revised UoM Consumer Sen ment
Friday 30‐Jan
‐0.71
106.7
Consen‐
sus ‐0.74
106.7
‐0.93
105.5
Dec
q4 14
1.1%
0.50%
0.60%
0.80%
0.70%
m/m
m/m
Index
m/m
Dec
Dec
Jan
Dec
‐0.80%
‐3.40%
102.9
481
0.60%
0.60%
95.7
452
‐0.70%
‐0.90%
92.6
438
Index
Jan
9.3
9.2
9.0
Period Actual m/m
Index
Dec
Jan
m/m
q/q
8x a year
m/m
Dec
m/m
Jan
w/w
w4 Jan
m/m
Dec
m/m
m/m
m/m
m/m
y/y
y/y
m/m
q/q
Index
Index
Dec
Jan
Dec
Dec
Jan
Jan
Dec
q4 14
Jan
Jan
Prev < 0.25% < 0.25%
1.10%
0.50%
‐0.80% 0.00%
301
307
0.60%
0.80%
‐2.30% ‐2.50%
2.20%
2.30%
1.30% ‐0.60%
0.40%
1.00%
‐0.50% ‐0.20%
0.60%
0.70%
11.50% 11.50%
3.10% 5.00%
58.1
58.3
98.5
98.2
Supplement: Global & Local Events
BKPM: 2014 investment realiza on at IDR 463.1 trillion Indonesia Investment Coordina ng Board Official (Badan Koordinasi Penanaman Modal or BKPM) reported that investment
realiza on for the period of January to December 2014 at IDR 463.1 trillion (USD 37.09 billion). This number exceed the target
at IDR 456.6 trillion, and also grew 16.2 percent compared to 2013 realiza on. Domes c investment realiza on in 2014 reached
IDR 156.1 trillion, 21.8 percent higher than previous year, while foreign investment reached IDR 307 trillion, increased 13.5 per‐
cent. Franky Sibarani, chief of BKPM stated that although the realiza on exceeded the target, but this number was not overly
encouraging as in 2014 investor was on wait and see due to elec on event.
The Fed will remain be pa ent From the Federal Open Market Commi ee (FOMC) statement released last night, the US Federal Reserve indicated that it
would be pa ent on raising rates and assessed that US economy going stronger. FOMC said that the Commi ee judges that it
can be pa ent in beginning to normalize the stance of monetary policy. This language essen ally was the same as the previous
month’s statement, but it “dropped considerable me” words. The Fed also stated that infla on may con nue decline, but it
expected to improve in the medium term as the improved labor market and declining energy prices.
PT Woori Korindo Securi es Indonesia — Daily Morning Brief | www.woorisec.come 5
Page 55
Disclaimer & Contacts
Research Team: Reza Priyambada
Bagus Permadi [email protected]
[email protected]
Raphon Prima
[email protected]
DISCLAIMER This report, and any electronic access to it, is restricted to and intended only for clients of PT Woori Korindo Securi es Indonesia
or a related en ty to PT Woori Korindo Securi es Indonesia. This document is for informa on only and for the use of the recipient. It is not to
be reproduced or copied or made available to others. Under no circumstances is it to be considered as an offer to sell or solicita on to buy
any security. Any recommenda on contained in this report may not to be suitable for all investors. Moreover, although the informa on con‐
tained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. We
expressly disclaim any responsibility or liability (express or implied) of P.T. Woori Korindo Securi es Indonesia, its affiliated companies and
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