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PT. BALI SECURITIES

Market Update

Daily Investment Guide

29-Jan-10

IHSG

29-Jan-10

2,610.80 Down 8.769 (0.33%) 2,619.56 2,619.26 2,569.2661 - 2,619.261 1,244.87 - 2,689.77

Change: Prev Close: Open: Day's Range: 52wk Range: 29-Jan-10

10,198.04

Nikkei 225

Down 216.25 (2.08%) 10,414.29 10,308.05 10,198.04 - 10,324.37 7,021.28 - 10,982.10

Change: Prev Close: Open: Day's Range: 52wk Range: 29-Jan-10

10,067.33 Down 53.13 (0.52%) 10,120.46 10,122.04 10,043.75 - 10,239.34 6,440.08 - 10,767.20

IDX Index List

Previous 2,619.57 1,871.57 2,265.57 281.59 627.28 704.12 155.55 730.67 309.62 302.70 550.48 512.63 430.97 745.32 399.07 630.63 241.47 211.91 149.30

Close Change 2,610.80 -8.77 down 1,850.31 -21.26 down 2,236.40 -29.17 down 280.11 -1.48 down 626.53 -0.75 down 699.78 -4.34 down 153.49 -2.06 down 729.43 -1.23 down 2.04 311.66 up 299.44 -3.26 down 548.11 -2.37 down 510.45 -2.18 down 427.68 -3.29 down 743.15 -2.17 down 396.32 -2.75 down 628.29 -2.34 down 240.78 -0.68 down 209.83 -2.08 down 149.07 -0.24 down

10 Most Active Stocks

Stock BUMI CFIN ADRO TRIM ELTY BBTN INDF ANTM LPKR ASII

Previous Close Change 2,550 2,475 -75 down 240 255 15 up 1,900 1,890 -10 down 197 191 -6 down 265 260 -5 down 1,070 1,060 -10 down 3,650 3,600 -50 down 2,150 2,125 -25 down 540 530 -10 down 36,000 35,950 -50 down

Daily Trading Summary

Buy/Sell

Foreign Investor

308,739,682 Volume Value 1,011,382,277,900 314,273,252 Sell Volume Value 1,171,456,944,400 Foreign SELL Net Value

Buy

29-Jan-10

US Major DJIA Nasdaq S&P 500

% Change Close 10,067.33 Down 53.13 (0.52%) 2,147.35 Down 31.65 (1.45%) 1,073.87 Down 10.66 (0.98%)

10,067.33 ANALYST RATING

DJIA

Index Value: Change: Prev Close: Open: Day's Range: 52wk Range: Index COMPOSITE AGRI MINING BASIC-IND MISC-IND CONSUMER PROPERTY INFRASTRUC FINANCE TRADE MANUFACTUR LQ45 JII MBX DBX KOMPAS100 BISNIS-27 PEFINDO25 SRI-KEHATI

Asia Pacific % Change Close All Ordinaries 4,596.90 Down 100.800 (2.15%) Shanghai Composite 2,989.29 Down 4.851 (0.16%) Hang Seng 20,121.99 Down 234.38 (1.15%) BSE 30 Up 46.50 (0.29%) 16,353.37 Nikkei 225 10,198.04 Down 216.25 (2.08%) 3,164.654 Jan 28 Down 18.950 (0.60%) NZSE 50 Straits Times 2,745.35 Down 12.33 (0.45%) Seoul Composite Down 40 (2.44%) 1,602.43 Taiwan Weighted 7,640.44 Down 54.14 (0.70%)

29-Jan-10

% -0.33 -1.14 -1.29 -0.52 -0.12 -0.62 -1.32 -0.17 0.66 -1.08 -0.43 -0.42 -0.76 -0.29 -0.69 -0.37 -0.28 -0.98 -0.16

29-Jan-10

% -2.94 6.25 -0.53 -3.05 -1.89 -0.93 -1.37 -1.16 -1.85 -0.14

29-Jan-10 Domestic Investor 2,096,441,126 2,171,122,276,420 2,090,907,556 2,011,047,609,920 Rp160,074,666,500

Stock AALI ADHI ADRO ANTM ASII BBCA BBRI BLTA BMRI BTEL BUMI CTRA ELTY HEXA INCO INDF

Rating 2.75 2.67 1.55 2.93 2.00 2.71 1.80 3.00 2.05 3.00 2.40 1.36 1.36 1.67 2.75 1.83

Rating: 1.0=buy 2.0=outperform Recommendation update 29-Jan-10 Hold 29-Jan-10 Hold 28-Jan-10 Outperform 29-Jan-10 Hold 29-Jan-10 Outperform 28-Jan-10 Hold 29-Jan-10 Outperform 29-Jan-10 Hold 29-Jan-10 Outperform 29-Jan-10 Hold 29-Jan-10 Outperform 29-Jan-10 Buy 29-Jan-10 Buy 29-Jan-10 Outperform 29-Jan-10 Hold 29-Jan-10 Outperform

1-Feb-10

29-Jan-10

Europe ATX BEL-20 CAC 40 DAX AEX General OSE All Share Madrid General Stockholm General FTSE 100 29-Jan-10 Commodity US Coal Index OIL Nymex (Mar) Gold (Feb)

Stock INTP ISAT ITMG JSMR LSIP MEDC PGAS PTBA SGRO SMCB SMGR SMRA TINS TLKM UNSP UNTR

Close 2,493.53

2,470.55 Dec 9

3,739.46 5,608.79 327.90 408.92 1,140.57 301.62 5,188.52

% Change Up 20.27 (0.82%) Down 38.93 (1.55%) Up 50.67 (1.37%) Up 68.46 (1.24%) Up 3.95 (1.22%) Up 5.60 (1.39%) Up 12.75 (1.13%) Up 4.53 (1.52%) Up 42.78 (0.83%)

% Change Close 310.64 Down 25.72 (7.65%) Up 0.01 (0.01%) 72.90 Up 1.70 (0.16%) 1,084.70

3.0=hold 4.0=underperform Rating Recommendation 1.59 Outperform 2.75 Hold 1.87 Outperform 1.45 Buy 2.15 Outperform 2.44 Outperform 1.69 Outperform 2.29 Outperform 2.50 Outperform 1.67 Outperform 1.89 Outperform 1.14 Buy 1.83 Outperform 2.05 Outperform 3.25 Hold 1.68 Outperform

5.0=sell update 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10 29-Jan-10

Daily Investment Guide and Market Analysis IHSG kembali melemah kembali ke posisi 2.610 turun 8 point (-0,33%). Indeks regional tertekan kemarin dengan transaksi perdagangan yang sangat volatile. Indeks Nikkei dan Seoul sampai turun lebih dari 2%. Investor masih terus diterpa aksi jual karena ketidak percayaan investor terhadap kondisi ekonomi dan bursa saham kedepan. Sementara harapan bahwa bursa akan rebound datang dari data pertumbuhan ekonomi Amerika yang tumbuh tinggi mencapai 5,6% pada kuartal ke-4. Namun demikian data consumer spending yang menurun membuat investor khawatir hal tersebut tidak mendukung perubahan ekonomi yang signifikan kedepan. Investor kembali diingatkan untuk tetap berhati-hati dalam berinvestasi jangka pendek pada saat sentimen belum pulih benar dari kondisi ini. Selected News PT Benakat Petroleum Energy Tbk (Benakat) menaikan target dana hasil initial public offering atau IPO dari Rp 1,38 triliun menjadi Rp 1,6 triliun. Kenaikan target ini berdasarkan hasil book building Benakat yang mengalami kelebihan permintaan (oversubscribed) hingga 5,13 Kali. Harga akhir penawaran saham ditetapkan sebesar Rp 140 per sahamnya, sedangkan harga pelaksanaan warannya ditetapkan sebesar Rp 145 per waran. Sumber: kontan.co.id


Commodity, Energy & Metals price update Commodty Indx UBS BLOOMBERG CMCI S&P GSCI RJ/CRB Commodity Rogers Intl

Value 1,235.76 486.14 265.59 3,015.35

Change -10.16 -3.90 -1.99 -28.04

Open 1,247.93 491.41 268.02 3,034.16

29-Jan-10 Energy

Price

BRENT CRUDE FUTR (USD/bbl.) 71.50 GAS OIL FUT (ICE) (USD/MT) 587.50 GASOLINE RBOB FUT (USd/gal.) 191.60 HEATING OIL FUTR (USd/gal.) 191.71 NATURAL GAS FUTR (USD/MMBtu) 5.30 WTI CRUDE FUTURE (USD/bbl.) 72.85

Change 0.04 -5.75 0.26 0.41 0.16 -0.04

% Change 0.06 -0.97 0.14 0.21 3.20 -0.05

Metals

Price

COPPER FUTURE (USd/lb.) 305.50 GOLD 100 OZ FUTR (USD/t oz.)1,083.70 SILVER FUTURE (USD/t oz.) 16.26

Change

% Change

0.08 -0.01 0.43

0.08 -0.01 0.43

Sumber: Bloomberg

Where Foreign Money Flows No.

Stock

ForeignSell (shares)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

ELTY ISAT DOID BUMI TLKM BBCA PGAS BBNI LPKR KLBF MEDC PNBN RALS KOINSMRA BNBR SMCB BWPT PTBA TINS BNGA INKP MYOR INDF RINA AKRA PNBN AALI BMRI SMCB

23,258,000 1,591,000 5,709,500 150,000 7,205,500 1,922,000 8,467,000 1,404,000 900,000 775,000 189,500 332,000 500,000 501,000 6,103,500 135,000 2,553,000 808,000 219,500 49,500 1,242,500 3,767,000 139,000 5,683,500 500 50,000 2,921,000 13,000 627,500 352,000

29-Jan-10 ForeignBuy (shares) 37,387,000 9,319,000 12,918,000 5,150,000 11,025,500 5,689,500 10,641,500 3,493,000 2,584,500 1,978,000 1,173,500 1,250,000 1,250,000 1,201,000 6,669,500 500,000 2,872,500 1,089,000 412,500 217,000 1,397,500 3,917,000 257,000 5,764,500 50,000 77,500 2,921,000 13,000 627,500 352,000

Net Buy (shares)

No.

Stock

14,129,000 7,728,000 7,208,500 5,000,000 3,820,000 3,767,500 2,174,500 2,089,000 1,684,500 1,203,000 984,000 918,000 750,000 700,000 566,000 365,000 319,500 281,000 193,000 167,500 155,000 150,000 118,000 81,000 49,500 27,500 0 0 0 0

31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

INTP BBCA UNTR PTBA INKP INDF ASII INCO TLKM BCIP ADRO ITMG GPRA BKDPPGAS BBRI BDMN ABBA JPFA SMRACPIN ELTYGGRM JRPT UNVR SGRO DEWA BNII INTP PNLF

ForeignSell (shares) 72,000 947,500 39,500 38,500 300,000 7,011,000 1,980,000 55,500 2,218,500 100,000 57,048,682 38,000 500 500,000 8,412,500 1,095,000 269,070 1,000 40,000 800,500 250,000 500,000 687,500 370,000 1,525,000 535,000 1,500,000 800,000 3,534,500 1,750,000

ForeignBuy (shares) 72,000 947,500 39,500 38,500 300,000 7,011,000 1,980,000 55,500 2,218,500 100,000 57,048,682 38,000 500 500,000 8,412,500 1,095,000 269,000 500 35,000 752,500 25,000 250,000 352,500 2,500 1,095,500 82,000 1,000,000 125,000 2,712,000 895,000

Net Buy (shares) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -70 -500 -5,000 -48,000 -225,000 -250,000 -335,000 -367,500 -429,500 -453,000 -500,000 -675,000 -822,500 -855,000

No.

Stock

ForeignSell ForeignBuy(shar (shares) es)

Net Buy (shares)

61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77

INCO BDMN AALI ASII BUMI ITMG LSIP UNTR SMGR ENRG ANTM BBRI INAF DGIK BBTN ADRO BMRI

2,781,500 2,499,500 1,382,000 4,082,500 22,067,000 2,299,000 1,560,000 2,573,000 1,621,000 2,375,500 3,411,000 9,669,500 4,606,500 5,918,000 10,480,000 20,524,000 22,478,000

-876,000 -971,500 -1,259,000 -1,270,500 -1,291,500 -1,365,000 -1,451,000 -1,458,500 -1,571,000 -1,625,500 -1,848,500 -3,487,500 -4,106,500 -5,418,000 -6,980,000 -11,357,500 -11,956,500

1,905,500 1,528,000 123,000 2,812,000 20,775,500 934,000 109,000 1,114,500 50,000 750,000 1,562,500 6,182,000 500,000 500,000 3,500,000 9,166,500 10,521,500

Important Links from Bloomberg.com

US Dollar Index Currency Rates Governments Bond

http://www.bloomberg.com/apps/cbuilder?ticker1=DXY%3AIND http://www.bloomberg.com/markets/currencies/fxc.html http://www.bloomberg.com/markets/rates/index.html

page 2 of 7


Jakarta Composite Index Chart

29-Jan-10 Stochas tic Os cillator

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4 2010

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1 February

8

Market Price Update No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

Stock AALI ADHI ADMG ADRO AISA AKRA ANTM APOL ASGR ASII ASRI BBCA BBKP BBNI BBRI BDMN BHIT BISI BKDP BKSL BLTA BMRI BMTR BNBR BNGA BNII BRPT BSDE BTEL BUDI BUMI BYAN CPIN CSAP CTRA CTRP CTRS DEWA DGIK ELSA ELTY ENRG FPNI FREN GGRM GJTL GZCO HEXA HMSP IHSG

Open 24,300 405 135 1,900 345 1,250 2,150 150 360 36,000 111 4,875 385 1,940 7,650 4,950 240 1,500 127 90 700 4,675 245 85 730 305 1,260 870 149 210 2,550 5,600 2,200 89 680 275 540 123 86 330 265 175 200 50 24,050 465 255 3,750 13,750 2,619

29-Jan-10 High

Low

24,150 405 133 1,890 0 1,190 2,125 152 355 36,000 111 5,000 390 1,960 7,700 4,925 245 1,570 130 91 690 4,675 250 84 750 305 1,250 870 148 210 2,525 5,650 2,200 91 680 270 540 123 85 330 270 175 200 50 24,050 465 255 3,700 13,650 2,619

23,800 400 131 1,840 0 1,150 2,075 148 350 34,850 108 4,775 380 1,920 7,500 4,750 235 1,470 126 88 670 4,575 240 83 730 300 1,220 830 145 205 2,450 5,600 2,100 88 660 260 530 119 83 320 255 173 200 50 23,800 460 245 3,625 13,250 2,569

Previous 24,300 405 135 1,900 345 1,250 2,150 150 360 36,000 111 4,875 385 1,940 7,650 4,950 240 1,500 127 90 700 4,675 245 85 730 305 1,260 870 149 210 2,550 5,600 2,200 89 680 275 540 123 86 330 265 175 200 50 24,050 465 255 3,750 13,750 2,620

Close 23,850 405 133 1,890 345 1,180 2,125 148 350 35,950 109 5,000 385 1,930 7,650 4,850 240 1,540 126 89 690 4,675 250 84 740 305 1,230 840 147 205 2,475 5,600 2,200 90 680 265 530 121 85 325 260 174 200 50 24,000 460 255 3,650 13,500

2,611

% Change

-1.85 0.00 -1.48 -0.53 0.00 -5.60 -1.16 -1.33 -2.78 -0.14 -1.80 2.56 0.00 -0.52 0.00 -2.02 0.00 2.67 -0.79 -1.11 -1.43 0.00 2.04 -1.18 1.37 0.00 -2.38 -3.45 -1.34 -2.38 -2.94 0.00 0.00 1.12 0.00 -3.64 -1.85 -1.63 -1.16 -1.52 -1.89 -0.57 0.00 0.00 -0.21 -1.08 0.00 -2.67 -1.82 -0.33

Volume 1,622,000 2,186,000 583,500 67,205,504 0 12,770,000 16,841,000 5,728,000 688,500 5,445,500 27,360,500 11,918,500 1,138,500 13,895,000 18,427,500 5,593,000 1,799,000 7,177,000 11,520,500 10,519,000 1,251,500 31,102,500 9,432,500 143,462,000 2,957,500 1,068,000 4,202,000 23,914,000 67,456,496 55,000 184,236,992 77,500 1,368,500 850,500 5,950,000 13,312,500 1,051,500 200,884,496 9,832,000 4,090,000 296,587,008 98,006,496 50,000 2,027,500 1,358,500 394,500 4,115,500 457,500 4,000 2,404,999,936

No. 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100

Stock INCO INDF INDY INKP INTP ISAT ITMG JPFA JPRS JSMR KIJA KLBF LPKR LSIP LTLS MDLN MEDC META MIRA MLPL MNCN MPPA PGAS PNBN PNLF PTBA RALS SGRO SIIP SMCB SMGR SMRA SOBI SPMA SULI TBLA TINS TKIM TLKM TMAS TMPI TOTL TRAM TRIL TSPC UNSP UNTR UNVR WIKA YPAS

Open 3,625 3,650 2,525 2,150 13,500 5,650 32,000 1,290 250 1,800 119 1,530 540 8,600 740 119 2,450 110 300 102 235 1,210 3,800 800 151 17,300 870 2,875 89 1,640 8,100 710 1,500 215 380 390 2,250 1,890 9,300 200 83 187 540 96 710 600 17,200 11,400 315 560

High

Low

3,600 3,625 2,500 2,175 13,500 5,850 31,800 1,300 245 1,800 119 1,540 540 8,550 740 120 2,425 108 310 103 235 1,230 3,775 820 152 17,200 880 2,875 0 1,640 8,000 740 1,490 215 370 390 2,225 0 9,450 0 83 187 530 96 700 590 17,050 11,350 320 560

3,500 3,500 2,425 2,075 12,900 5,500 31,100 1,280 245 1,780 117 1,500 520 8,350 730 116 2,375 106 295 98 225 1,170 3,700 800 149 16,900 850 2,800 0 1,610 7,850 690 1,460 205 360 375 2,175 0 9,250 0 81 185 520 92 680 570 16,700 11,000 315 550

Previous 3,625 3,650 2,525 2,150 13,500 5,650 32,000 1,290 250 1,800 119 1,530 540 8,600 740 119 2,450 110 300 102 235 1,210 3,800 800 151 17,300 870 2,875 89 1,640 8,100 710 1,500 215 380 390 2,250 1,890 9,300 200 83 187 540 96 710 600 17,200 11,400 315 560

Close 3,575 3,600 2,425 2,175 13,500 5,600 31,400 1,280 245 1,800 119 1,540 530 8,500 740 118 2,400 106 300 103 230 1,230 3,775 800 152 17,200 870 2,825 89 1,630 8,000 700 1,490 215 365 385 2,225 1,890 9,350 200 83 187 530 93 700 580 16,850 11,300 315 560

% Change -1.38 -1.37 -3.96 1.16 0.00 -0.88 -1.88 -0.78 -2.00 0.00 0.00 0.65 -1.85 -1.16 0.00 -0.84 -2.04 -3.64 0.00 0.98 -2.13 1.65 -0.66 0.00 0.66 -0.58 0.00 -1.74 0.00 -0.61 -1.23 -1.41 -0.67 0.00 -3.95 -1.28 -1.11 0.00 0.54 0.00 0.00 0.00 -1.85 -3.13 -1.41 -3.33 -2.03 -0.88 0.00 0.00

Volume 10,334,500 24,713,500 9,404,000 5,306,000 5,193,000 14,057,000 2,662,000 106,000 136,000 4,008,000 16,014,000 17,159,500 64,994,000 2,855,000 41,000 1,757,500 3,672,500 178,000 20,617,000 89,288,496 3,799,000 1,934,000 30,969,000 2,423,500 4,059,500 1,695,000 4,119,500 2,284,500 0 6,573,000 3,115,500 22,690,500 5,389,000 49,500 815,500 3,186,000 3,722,500 0 18,371,000 0 7,138,500 607,000 4,943,500 1,898,000 193,500 28,086,000 4,947,000 1,958,500 3,205,000 59,500

page 3 of 7


Daily Recommendation with Technical Analysis No Stock Beta 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

AALI ADHI ADMG ADRO AISA AKRA ANTM APOL ASGR ASII ASRI BBCA BBKP BBNI BBRI BDMN BHIT BISI BKDP BKSL BLTA BMRI BMTR BNBR BNGA BNII BRPT BSDE BTEL BUDI BUMI BYAN CPIN CSAP CTRA CTRP CTRS DEWA DGIK ELSA ELTY ENRG FPNI FREN GGRM GJTL GZCO HEXA HMSP IHSG

0.61 0.03 1.34 1.31 -0.53 0.89 0.84 -0.31 0.70 1.55 0.91 1.44 0.73 0.67 1.14 0.99 -2.80 0.44 1.40 0.47 0.84 1.39 0.21 1.68 0.48 0.18 0.95 -0.06 0.48 1.19 2.41 0.20 0.56 0.29 0.75 2.39 0.94 2.04 0.91 0.49 2.45 -0.01 0.39 0.00 1.62 0.97 1.38 0.82 0.01 1.00

Close

Support Resistant Momentum

23,850 405 133 1,890 345 1,180 2,125 148 350 35,950 109 5,000 385 1,930 7,650 4,850 240 1,540 126 89 690 4,675 250 84 740 305 1,230 840 147 205 2,475 5,600 2,200 90 680 265 530 121 85 325 260 174 200 50 24,000 460 255 3,650

23,800 390 130 1,820 0 1,150 2,075 135 330 33,200 106 4,725 380 1,890 7,500 4,675 197 1,460 120 85 670 4,500 230 82 720 300 1,210 820 145 0 2,450 5,550 2,100 88 630 260 530 111 83 320 240 173 200 50 23,100 440 245 3,625

24,950 410 146 2,025 345 1,330 2,275 161 375 36,500 114 5,150 400 2,000 8,300 5,500 315 1,620 136 96 760 4,900 280 91 750 320 1,330 890 160 235 2,875 5,750 2,300 94 700 295 580 129 91 340 270 182 230 50 24,300 480 275 3,925

--Oversold -Overbought ---------Oversold -----------Oversold -Oversold Overbought Oversold Oversold ---Oversold Oversold ----Oversold Oversold Oversold -----

13,500

13,250

14,600

2,611

2,555

2,690

Oversold --

1-Feb-10 Last Buy Last Sell Forecast Forecast (days ago) (days ago) %Up %Down

19 0 19 21 4 21 21 2 11 1 22 0 19 8 21 23 13 5 28 0 17 22 17 18 0 N/A 22 8 23 3 21 8 7 3 0 18 17 21 14 N/A 1 21 11 N/A 0 1 23 20 20 22

9 2 11 6 12 4 11 13 0 5 8 6 9 5 5 3 0 3 16 2 2 6 2 10 2 28 10 1 7 2 9 2 6 1 3 7 7 13 9 14 2 13 5 N/A 3 2 4 2 3 5

0.8 1.2 1.7 1.6 49.9 2.3 1.7 2.6 1.8 1.7 1.4 1.8 0.9 1.1 1.1 1.6 4.3 2.6 1.8 2.0 1.9 1.4 3.8 1.6 1.3 0.9 1.5 1.6 1.4 2.4 2.1 0.6 1.8 1.6 2.1 2.4 1.3 2.1 1.5 1.3 3.7 0.7 0.5 0.0 1.3 1.0 1.8 1.3 1.3 1.0

1.0 1.0 2.1 2.0 40.8 2.9 2.1 3.2 2.2 1.4 1.7 1.4 1.1 1.3 1.3 2.0 5.3 2.1 2.3 2.5 2.3 1.1 3.1 1.9 1.0 1.1 1.8 2.0 1.7 2.9 2.6 0.7 2.2 2.0 1.7 2.9 1.6 2.6 1.8 1.6 3.0 0.9 0.6 0.0 1.0 1.2 2.3 1.6 1.6 0.8

Candlestick Last Trade -Doji --Doji ----Hammer --Doji -Doji -Doji ----Doji ---Doji -----Doji Doji -Doji -------Doji Doji Hammer -Doji ----

Volume Reaction with Volume ----Reaction with Volume -----Rally with Volume -Rally with Volume -Reaction with Volume -Rally with Volume ---Reaction with Volume ---------------------------

---

Today If Trend Reverse Rekomedation Bearish Hold(bullish) Bearish Bearish Hold(bullish) Bearish Bearish Hold(bullish) Sell Hold(bullish) Bearish Buy Bearish Bearish Bearish Bearish Sell Bearish Bearish Buy Bearish Bearish Bearish Bearish Buy Bearish Bearish Bearish Bearish Bearish Bearish Bearish Bearish Bearish Buy Bearish Bearish Bearish Bearish Bearish Hold(bullish) Bearish Bearish Bearish Buy Hold(bullish) Bearish Bearish Bearish Bearish

buy at sell at buy at buy at sell at buy at buy at sell at buy at sell at buy at sell at buy at buy at buy at buy at buy at buy at buy at sell at buy at buy at buy at buy at sell at buy at buy at buy at buy at buy at buy at buy at buy at buy at sell at buy at buy at buy at buy at buy at sell at buy at buy at buy at sell at sell at buy at buy at buy at buy at

25,013 399 139 1,965 336 1,368 2,213 145 365 33,725 111 4,731 394 1,955 8,025 5,363 253 1,498 128 90 733 4,725 245 90 728 313 1,293 915 155 231 2,838 5,613 2,256 91 660 291 558 125 87 334 251 180 209 50 23,738 465 263 3,894 14,238 2,625

page 4 of 7


Daily Recommendation with Technical Analysis No Stock Beta 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100

INCO INDF INDY INKP INTP ISAT ITMG JPFA JPRS JSMR KIJA KLBF LPKR LSIP LTLS MDLN MEDC META MIRA MLPL MNCN MPPA PGAS PNBN PNLF PTBA RALS SGRO SIIP SMCB SMGR SMRA SOBI SPMA SULI TBLA TINS TKIM TLKM TMAS TMPI TOTL TRAM TRIL TSPC UNSP UNTR UNVR WIKA YPAS

1.16 2.04 0.33 1.45 1.73 0.97 1.19 0.18 1.02 0.79 0.86 0.85 0.56 0.88 -0.03 0.73 1.35 0.97 0.70 -0.08 0.05 -1.17 0.49 0.61 1.20 1.38 1.61 0.66 0.16 1.67 0.84 1.88 0.30 1.17 1.14 1.42 1.51 1.08 0.67 1.37 0.79 0.41 1.48 0.58 0.77 1.98 2.03 0.46 0.30 1.12

Close 3,575 3,600 2,425 2,175 13,500 5,600 31,400 1,280 245 1,800 119 1,540 530 8,500 740 118 2,400 106 300 103 230 1,230 3,775 800 152 17,200 870 2,825 89 1,630 8,000 700 1,490 215 365 385 2,225 1,890 9,350 200 83 187 530 93 700 580 16,850 11,300 315 560

Support Resistant Momentum 3,500 3,400 2,425 2,025 12,600 5,050 30,150 1,280 240 1,770 116 1,360 520 8,350 0 114 2,350 105 290 68 225 970 3,650 790 149 16,400 720 2,775 0 1,560 7,700 600 1,460 0 360 365 2,125 0 9,200 0 80 184 520 92 670 570 16,500 11,000 315 0

3,850 3,850 2,575 2,225 14,350 5,850 34,250 1,380 265 1,870 125 1,540 560 9,150 770 123 2,525 121 330 106 250 1,350 3,850 850 161 18,100 890 3,000 97 1,750 8,200 740 1,590 225 420 405 2,275 2,025 9,600 210 85 196 580 115 720 660 18,850 11,750 330 560

-------Oversold -Oversold -Overbought -Oversold Overbought --Oversold -Overbought ----Oversold ---Overbought ---Oversold Overbought Oversold --Overbought -Overbought ---Oversold -Oversold Oversold -Oversold Overbought

1-Feb-10 Last Buy Last Sell Forecast Forecast (days (days ago) %Up %Down ago)

21 10 22 0 0 1 28 14 10 18 22 19 14 19 24 16 19 12 20 17 18 18 1 7 18 8 11 21 14 7 1 7 21 23 17 18 0 18 9 20 8 18 N/A 13 0 20 21 8 13 1

11 6 2 5 11 4 5 11 5 11 9 20 6 9 12 9 11 5 14 N/A 3 23 13 2 4 7 14 8 12 2 2 8 19 8 6 6 7 6 5 12 6 9 5 10 18 9 5 0 9 6

1.4 2.1 1.5 2.1 2.4 2.9 1.6 1.1 1.0 0.7 1.0 2.1 1.8 1.6 8.0 1.6 1.4 2.0 1.9 5.4 2.4 4.1 1.4 1.2 0.9 1.7 3.0 1.1 39.3 1.7 1.7 4.0 1.1 5.8 2.1 2.1 1.5 15.3 1.0 15.6 1.3 0.7 1.5 2.3 2.1 2.3 1.4 1.1 1.0 4.8

1.7 2.5 1.9 1.8 2.0 2.4 1.9 1.3 1.3 0.8 1.3 1.7 2.2 1.9 9.8 1.9 1.8 2.4 2.3 4.4 2.9 3.4 1.1 1.5 1.1 1.4 2.4 1.4 48.0 2.1 1.4 3.3 1.3 4.8 2.5 2.5 1.9 18.8 0.8 19.1 1.6 0.8 1.8 2.8 1.7 2.8 1.8 1.3 1.2 3.9

Candlestick Last Trade

Volume

----Doji ----Doji Doji ---Doji ---Doji Hammer ---Doji --Doji -Doji ----Doji ---Doji -Doji Doji Doji ------Doji Doji

---Rally with Volume -Rally with Volume ----------------------------Reaction with Volume ------------Reaction with Volume ---

Today If Trend Reverse Rekomedation Bearish Bearish Bearish Buy Buy Hold(bullish) Bearish Bearish Bearish Bearish Bearish Hold(bullish) Bearish Bearish Bearish Bearish Bearish Bearish Bearish Hold(bullish) Bearish Hold(bullish) Hold(bullish) Bearish Bearish Bearish Hold(bullish) Bearish Bearish Bearish Hold(bullish) Hold(bullish) Bearish Bearish Bearish Bearish Buy Bearish Bearish Bearish Bearish Bearish Bearish Bearish Buy Bearish Bearish Sell Bearish Hold(bullish)

buy at buy at buy at sell at sell at sell at buy at buy at buy at buy at buy at sell at buy at buy at buy at buy at buy at buy at buy at sell at buy at sell at sell at buy at buy at buy at sell at buy at buy at buy at sell at sell at buy at buy at buy at buy at sell at buy at buy at buy at buy at buy at buy at buy at sell at buy at buy at buy at buy at sell at

3,750 3,719 2,656 2,094 13,450 5,188 33,075 1,383 266 1,815 120 1,298 553 9,150 743 120 2,525 117 316 68 245 980 3,738 845 158 17,388 793 2,956 90 1,713 7,900 595 1,570 215 413 390 2,213 1,938 9,350 205 84 187 560 116 688 650 17,988 11,650 323 535

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Technical Analysis Data (Moving Average) and Stock Performance (Price Rate of Change)

29-Jan-10

No. Stock

Close

ROC ROC ROC ROC ROC MA % MA MA %MA 5Day 10Day 30Day 60Day 200D 10Day 10Day 20Day 20Day (%) (%) (%) (%) (%)

No. Stock

Close

ROC ROC ROC ROC MA %MA MA %MA 5Day 10Day 30Day 60Day 10Day 10Day 20Day 20Day (%) (%) (%) (%)

ROC 200D (%)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50

23,850 405 133 1,890 345 1,180 2,125 148 350 35,950 109 5,000 385 1,930 7,650 4,850 240 1,540 126 89 690 4,675 250 84 740 305 1,230 840 147 205 2,475 5,600 2,200 90 680 265 530 121 85 325 260 174 200 50 24,000 460 255 3,650 13,500 2,611

24,297 403 135 1,910 344 1,244 2,170 149 351 35,067 110 4,888 388 1,937 7,738 4,953 240 1,523 128 90 700 4,687 245 86 732 309 1,262 865 150 216 2,608 5,605 2,215 91 666 275 542 123 86 331 255 178 203 50 23,675 459 255 3,701 13,543 2,609

51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100

3,575 3,600 2,425 2,175 13,500 5,600 31,400 1,280 245 1,800 119 1,540 530 8,500 740 118 2,400 106 300 103 230 1,230 3,775 800 152 17,200 870 2,825 89 1,630 8,000 700 1,490 215 365 385 2,225 1,890 9,350 200 83 187 530 93 700 580 16,850 11,300 315 560

3,652 -2.11 3,671 -2.62 -2.72 -5.30 3,637 -1.02 3,642 -1.16 -2.70 -5.26 2,504 -3.14 2,453 -1.15 -5.83 -4.90 2,122 2.48 2,053 5.94 3.57 1.16 13,491 0.06 13,511 -0.08 0.75 -2.17 5,389 3.92 5,220 7.28 6.67 2.75 32,032 -1.97 32,158 -2.36 -0.95 -8.19 1,323 -3.24 1,345 -4.82 -5.19 -5.88 253 -3.18 256 -4.43 -2.00 -7.55 1,808 -0.45 1,819 -1.07 0.00 -3.23 119 -0.30 120 -0.55 0.00 -3.25 1,442 6.83 1,402 9.85 11.59 11.59 538 -1.46 534 -0.67 -1.85 -3.64 8,732 -2.65 8,736 -2.70 -5.56 -6.08 742 -0.29 744 -0.51 0.00 -1.33 119 -0.94 121 -2.08 0.85 -3.28 2,456 -2.26 2,484 -3.36 -3.03 -4.00 110 -3.34 110 -3.72 -2.75 -7.02 308 -2.49 312 -3.79 -3.23 -7.69 89 15.57 80 29.00 39.19 45.07 234 -1.69 230 0.12 -4.17 -4.17 1,134 8.48 1,071 14.86 21.78 24.24 3,779 -0.10 3,796 -0.56 1.34 -1.31 812 -1.45 803 -0.36 -4.76 0.00 153 -0.87 153 -0.36 -2.56 -1.94 17,270 -0.41 17,414 -1.23 0.00 -3.64 820 6.15 770 13.03 7.41 20.83 2,878 -1.84 2,861 -1.27 -1.74 -5.83 90 -1.63 93 -4.31 0.00 -6.32 1,646 -0.98 1,629 0.04 -5.23 -0.61 7,925 0.95 7,828 2.20 -1.23 2.56 656 6.78 632 10.77 9.38 11.11 1,525 -2.30 1,554 -4.13 -2.61 -6.29 215 0.05 214 0.36 0.00 -4.44 383 -4.78 388 -6.01 -6.41 -13.10 385 -0.09 380 1.31 0.00 -4.94 2,219 0.27 2,171 2.48 1.14 -2.20 1,901 -0.58 1,890 0.01 -1.05 -3.08 9,344 0.06 9,387 -0.40 0.54 -1.58 203 -1.25 205 -2.20 0.00 -2.44 83 -0.38 83 -0.28 0.00 -1.19 187 -0.25 188 -0.49 0.54 -2.09 538 -1.55 521 1.77 -3.64 -3.64 102 -9.12 106 -12.67 -10.58 -17.70 696 0.54 701 -0.12 0.00 0.00 608 -4.55 611 -5.00 -7.94 -12.12 17,161 -1.81 16,992 -0.84 -2.60 -8.67 11,366 -0.58 11,260 0.35 -2.16 2.73 319 -1.17 322 -2.10 -1.56 -4.55 550 1.85 547 2.32 3.70 1.82

53.76 275.00 51.56 139.01 147.71 2.75 215.58 156.00 -24.62 91.49 133.33 144.44 -36.14 139.44 -3.90 55.26 -4.95 -11.67 -54.55 106.00 70.37 119.64 67.78 29.03 102.67 142.25 104.71 84.64 -59.55 181.03 102.53 266.49 41.90 83.76 37.74 67.39 106.02 122.35 28.08 -41.18 53.70 92.78 960.00 -45.29 44.33 78.46 142.45 44.87 40.00 80.65

AALI ADHI ADMG ADRO AISA AKRA ANTM APOL ASGR ASII ASRI BBCA BBKP BBNI BBRI BDMN BHIT BISI BKDP BKSL BLTA BMRI BMTR BNBR BNGA BNII BRPT BSDE BTEL BUDI BUMI BYAN CPIN CSAP CTRA CTRP CTRS DEWA DGIK ELSA ELTY ENRG FPNI FREN GGRM GJTL GZCO HEXA HMSP IHSG

-1.84 0.38 -1.72 -1.04 0.24 -5.13 -2.07 -0.71 -0.27 2.52 -0.79 2.28 -0.88 -0.35 -1.13 -2.08 -0.10 1.14 -1.39 -0.93 -1.36 -0.25 2.03 -2.79 1.15 -1.37 -2.52 -2.86 -1.92 -5.02 -5.09 -0.08 -0.68 -0.65 2.11 -3.66 -2.15 -1.79 -1.27 -1.70 1.84 -2.32 -1.53 0.00 1.37 0.29 0.03 -1.39 -0.32 0.06

24,197 404 136 1,892 345 1,233 2,186 152 341 34,945 110 4,879 388 1,942 7,739 4,863 228 1,509 130 90 692 4,692 237 87 727 315 1,276 865 150 217 2,602 5,620 2,233 91 637 275 542 125 87 335 244 182 203 50 23,092 452 250 3,588 12,940 2,596

-1.43 -2.65 -3.44 -0.21 8.41 54.87 0.24 1.25 0.00 -3.57 1.25 32.79 -2.36 -3.62 -3.62 -2.92 10.83 82.19 -0.08 -2.58 -5.03 8.00 22.73 112.36 -0.08 0.00 -1.43 0.00 -6.76 -9.21 -4.30 -8.53 -9.92 0.85 4.42 110.71 -2.78 -2.30 -4.49 -5.56 -6.59 84.78 -2.37 1.37 0.00 -9.76 -32.73 -18.68 2.74 -1.41 4.48 22.81 25.00 29.63 2.88 6.36 -0.69 5.74 12.34 128.98 -0.48 -1.80 -4.39 5.83 6.86 118.00 2.47 3.63 1.01 3.63 9.29 52.67 -0.84 -2.53 -4.94 0.00 0.00 26.23 -0.64 -1.03 -0.52 -3.50 4.89 116.85 -1.15 -3.16 -1.92 -2.55 6.99 56.92 -0.26 -7.62 2.11 10.23 9.60 88.35 5.38 -14.29 17.07 17.07 23.71 42.86 2.03 -3.14 -3.14 4.05 -9.94 3.36 -3.15 -0.79 -5.97 21.15 32.63 147.06 -1.42 1.14 -2.20 -7.29 -8.25 71.15 -0.25 -4.17 0.00 1.47 -1.43 25.45 -0.35 0.00 -3.11 0.00 2.19 94.79 5.41 0.00 0.00 8.70 13.64 32.98 -3.45 -3.45 -5.62 -12.50 -16.83 68.00 1.81 1.37 2.78 1.37 10.45 45.10 -3.26 -1.61 -4.69 -14.08 -15.28 -23.75 -3.58 -3.15 -7.52 -4.65 -11.51 127.78 -2.89 -4.55 0.00 -3.45 20.00 715.53 -1.91 -2.00 -5.16 0.00 27.83 188.24 -5.65 -4.65 -12.77 -6.82 -8.89 61.42 -4.90 -7.48 -11.61 -3.88 0.00 175.00 -0.35 0.00 0.00 0.90 4.67 256.69 -1.48 -2.22 -3.30 4.76 8.64 340.00 -1.19 0.00 0.00 -3.23 -3.23 -28.57 6.80 -1.45 -1.45 25.93 15.25 76.62 -3.58 -5.36 -8.62 3.92 -10.17 44.81 -2.24 -1.85 -7.02 -8.62 -3.64 76.67 -2.97 0.83 -2.42 -14.79 -28.82 105.08 -1.87 -1.16 -3.41 -5.56 -9.57 70.00 -3.07 -1.52 -4.41 0.00 4.84 77.60 6.63 4.00 -1.89 15.56 -7.14 179.57 -4.32 -2.25 -3.33 -15.12 -36.73 145.07 -1.44 -2.44 -13.04 -4.76 -18.37 150.00 0.00 0.00 0.00 -1.96 -7.41 0.00 3.93 0.84 2.13 20.60 85.33 280.95 1.86 -1.08 2.22 3.37 13.58 109.09 2.15 0.00 -1.92 15.91 24.39 200.00 1.72 -3.31 -0.68 17.74 28.07 254.37 4.33 -3.57 -2.88 30.43 31.07 28.57 0.58 0.02 -1.37 3.64 11.38 74.08

INCO INDF INDY INKP INTP ISAT ITMG JPFA JPRS JSMR KIJA KLBF LPKR LSIP LTLS MDLN MEDC META MIRA MLPL MNCN MPPA PGAS PNBN PNLF PTBA RALS SGRO SIIP SMCB SMGR SMRA SOBI SPMA SULI TBLA TINS TKIM TLKM TMAS TMPI TOTL TRAM TRIL TSPC UNSP UNTR UNVR WIKA YPAS

-2.72 8.27 14.12 23.58 8.00 13.71 8.28 -7.25 -10.91 -5.76 0.00 21.26 1.92 0.00 0.00 -7.09 -5.88 -11.67 -13.04 53.73 9.52 36.67 -5.03 12.68 -3.80 -0.58 50.00 6.60 -10.10 4.49 8.84 18.64 -10.78 4.88 -13.10 11.59 15.89 5.00 -4.59 -11.11 -4.60 -0.53 70.97 -31.62 -5.41 -17.14 10.13 2.73 -4.55 3.70

-6.54 25.22 8.99 19.51 32.35 2.75 50.60 34.74 0.00 1.69 0.85 28.33 -18.46 8.97 -5.13 -13.87 -11.93 -15.20 -17.81 43.06 12.20 38.20 4.86 3.90 21.60 16.22 61.11 25.56 -19.09 3.16 20.30 14.75 16.41 7.50 -15.12 24.19 11.81 5.00 13.33 -9.09 -8.79 -3.11 146.51 5.68 1.45 -18.31 14.24 11.33 3.28 9.80

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Desclaimer Dokumen ini dibuat dari opini analis yang dibuat untuk membantu investor memahami pasar saham Indonesia. Dokumen ini dibuat berdasarkan sumber-sumber yang kami percaya dan dapat diandalkan. Walaupun demikian Bali Securities tidak dapat menjamin keakuratan data dan kelengkapannya. Investor dianjurkan untuk membaca secara utuh dan lengkap dokumen ini sebagai saran dalam berinvestasi dan mengambil langkah yang hati-hati dalam berinvestasi. Keputusan investasi yang diambil tetap merupakan tanggung jawab investor semata.

Trading Guide · · · · ·

It always recommended to invest in a good company with a good financial performance. A stock is said to be fairly valued when its P/E equals its growth rate. A growth stock should be in uptrend when you buy and value stock should be consolidating. Always concentrate on the strongest stock candidates for daily trading and long term investment. Trend is your friend. You must analyze everything from the perspective of trends.

Help in Technical Analysis Page 4 & 5 * Harga saham cenderung naik atau turun pada harga diantara harga support dan resistant. * Beta saham adalah nilai volatilitas terhadap benchmark IHSG. Makin besar beta saham, makin besar volatilitas dibandingkan IHSG. Beta IHSG = 1. * Momentum overbought apabila Stochastic > 80, oversold apabila stochastic < 20. * Today Recommendation: Buy: Today buy, pada saat Bullish MA Crossing Hold Bullish : pada saat close > MA Bearish: pada saat Close < MA Sell: Today Sell, pada saat Bearish MA Crossing * If Trend reverse: harga beli (masuk) atau jual (keluar) jika harga/trend berbalik arah (not in the current trend). Contoh: jika harga sell at jauh dari harga closing price, saham masih dalam area aman dan masih direkomedasi hold sampai closing mendekati harga sell at...disaat anda harus memperhatikan dengan seksama pergerakan hariannya dan siap-siap menjual pada harga Baik digunakan untuk protect mid term gain. Harga ini adalah harga hasil perhitungan matematis dan berubah setiap hari. Nilai harga if trend reverse adalah sebagai patokan/konfirmasi bahwa mid trend harga saham memang sedang berbalik arah. * Forecast % Up dan % down merupakan potensi kenaikan harga dan penurunan harga hari ini. Nilai ini dihitung dari rata-rata historis pergerakan harian (high/low) setiap hari dan mencerminkan juga volatilitas saham Baik digunakan untuk acuan protect gain dan stop loss. Nilai ini berubah setiap hari. * Doji: "Market this stock is Tired ". Hammer: Trend balik arah, sinyal bullish pada saat downtrend. Engulfing Bull: Trend balik arah, start bullish. Engulfing Bear:Trend balik arah, start bearish. Hanging Man: Trend balik arah, sinyal bearish pada saat uptrend. * Volume: Rally with Volume: Kenaikan harga dan volume pada 2 hari terakhir. Tanda sentimen naik dan besar kemungkinan masih berlanjut lagi Reaction with Volume: Penurunan harga dan volume pada 2 hari terakhir. Tanda sentimen turun dan besar kemungkinan masih

PT BALI SECURITIES

PermataBank Tower I, 3rd Floor, Jl. Jend. Sudirman Kav. 27, Jakarta 12920 Telp. 021-5237815, Fax. 021-2500638

Head of Research Ketut Tri Bayuna 021-5237815 ext 0243

Head of Equity Sales Agus Gunawan 021-5237297/98 page 7 of 7


Daily Investment Guide 1 February 2010