Page 1

PT. BALI SECURITIES

Market Update

Daily Investment Guide

12-Jan-10

IHSG

12-Jan-10

2,659.55 Up 27.347 (1.04%) 2,632.20 2,632.31 2,623.7739 - 2,659.9761 1,244.87 - 2,659.9761

Change: Prev Close: Open: Day's Range: 52wk Range: 12-Jan-10

10,879.14

Nikkei 225

Up 80.82 (0.75%) 10,798.32 10,770.35 10,763.68 - 10,905.39 7,021.28 - 10,905.39

Change: Prev Close: Open: Day's Range: 52wk Range: 12-Jan-10

10,627.26 Down 36.73 (0.34%) 10,663.99 10,662.86 10,568.84 - 10,663.08 6,440.08 - 10,739.90

IDX Index List

Previous 2,632.20 1,959.77 2,409.40 288.46 605.46 693.85 151.05 736.18 307.07 293.99 545.41 518.76 439.42 747.31 407.86 636.44 243.25 212.37 150.00

Close Change 2,659.55 27.35 6.71 1,966.48 2,408.43 -0.97 1.05 289.51 6.30 611.76 2.91 696.75 3.24 154.29 3.77 739.95 6.48 313.55 7.38 301.37 3.25 548.66 6.32 525.09 2.03 441.44 8.26 755.57 2.10 409.96 7.39 643.83 2.86 246.11 2.61 214.98 2.07 152.07

10 Most Active Stocks

Stock TIRT BUMI ELTY IKAI BNBR TINS ADRO ENRG ETWA SDRA

Previous 96 2,900 230 600 93 2,200 1,980 191 220 265

Close Change 83 -13 2,875 -25 255 25 530 -70 98 5 2,300 100 1,960 -20 195 4 250 30 285 20

Daily Trading Summary

Buy/Sell

Buy

12-Jan-10

US Major DJIA Nasdaq S&P 500

% Change Close 10,627.26 Down 36.73 (0.34%) 2,282.31 Down 30.10 (1.30%) 1,136.22 Down 10.76 (0.94%)

10,627.26 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 4,931.60 Down 49.600 (1.00%) Shanghai Composite 3,273.97 Up 61.216 (1.91%) Hang Seng 22,326.64 Down 84.88 (0.38%) BSE 30 17,422.51 Down 104.20 (0.59%) Nikkei 225 10,879.14 Up 80.82 (0.75%) 3,290.291 Jan 11 Down 13.458 (0.41%) NZSE 50 Straits Times 2,916.11 Down 17.42 (0.59%) Seoul Composite Up 4.52 (0.27%) 1,698.64 Taiwan Weighted 8,309.37 Down 14.45 (0.17%)

Volume Value Sell Volume Value Foreign BUY Net Value

12-Jan-10

up up down up up up up up up up up up up up up up up up up

% 1.04 0.34 -0.04 0.36 1.04 0.42 2.15 0.51 2.11 2.51 0.59 1.22 0.46 1.11 0.51 1.16 1.18 1.23 1.38

12-Jan-10

down down up down up up down up up up

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 2.14 2.67 1.70 3.00 2.16 3.00 2.57 1.30 1.50 1.67 2.75 1.64

Rating: 1.0=buy 2.0=outperform Recommendation update 11-Jan-10 Hold 11-Jan-10 Hold 11-Jan-10 Outperform 11-Jan-10 Hold 11-Jan-10 Outperform 11-Jan-10 Hold 11-Jan-10 Outperform 11-Jan-10 Hold 11-Jan-10 Outperform 11-Jan-10 Hold 11-Jan-10 Hold 11-Jan-10 Buy 11-Jan-10 Buy 11-Jan-10 Outperform 11-Jan-10 Hold 11-Jan-10 Outperform

13-Jan-10

12-Jan-10

Europe Close ATX 2,630.92 2,470.55 Dec 9 BEL-20 CAC 40 4,000.05 DAX 5,943.00 AEX General 336.77 OSE All Share 426.05 Madrid General 1,247.11 Stockholm General 306.53 FTSE 100 5,498.71 12-Jan-10 Commodity US Coal Index OIL Nymex (Feb) Gold (Jan)

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

% Change Down 29.47 (1.11%) Down 38.93 (1.55%) Down 43.04 (1.06%) Down 97.50 (1.61%) Down 3.75 (1.1%) Down 8.18 (1.88%) Down 10.74 (0.85%) Down 3.05 (0.98%) Down 39.36 (0.71%)

% Change Close 373.92 Down 1.03 (0.27%) 80.03 Down 0.76 (0.94%) 1,128.90 Down 21.80 (1.89%)

3.0=hold 4.0=underperform Rating Recommendation 1.59 Outperform 2.75 Hold 2.07 Outperform 1.45 Buy 2.31 Outperform 2.44 Outperform 1.69 Outperform 2.47 Outperform 2.50 Outperform 1.67 Outperform 2.00 Outperform 1.14 Buy 2.00 Outperform 2.10 Outperform 3.25 Hold 1.67 Outperform

5.0=sell update 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10 11-Jan-10

Daily Investment Guide and Market Analysis Indeks IHSG kemarin masih menguat walaupun pendorong pasar khususnya sektor mining terlihat terjadi koreksi. Dengan demikian investor masih melihat secara umum indeks akan terus terdorong bukan karena di sektor komoditas saja, namun merata disemua sektor. Ini juga berarti bahwa investor asing maupu domestik melihat bursa saham Indonesia masih menyisakan kemungkinan akan terus menguat seiring dengan pertumbuhan ekonomi dan faktor fundamental dari dalam negeri lainnya. Pada pagi ini terlihat indeks Eropa dan Amerika terkoreksi karena kekahwatiran terhadap laporan keuangan perusahaan dan sentiment yang dibawa oleh Keputusan bank central China untuk menaikan Bank reserve requiment. Dengan demikian sejak saat ini China mulai memberlakukan kebijakan pengetatan uang (tigher money policy). Investor harus mewaspadai koreksi akan berlanjut sampai ada sentimen positif lainya.

% -13.54 -0.86 10.87 -11.67 5.38 4.55 -1.01 2.09 13.64 Selected News 7.55

12-Jan-10 Foreign Investor Domestic Investor 778,282,000 5,913,130,092 1,454,300,154,500 3,288,248,171,455 389,590,000 6,301,822,092 921,920,707,500 3,820,627,618,455 Rp532,379,447,000

Bank Mandiri diperkirakan akan mencetak kenaikan laba bersih di tahun 2009, lebih dari 10%. Kinerja Bank Mandiri tahun lalu mampu menurunkan NPL gross menjadi 2,85% dan NPL nett menjadi di bawah 0,5%. Pertumbuhan kredit tahun lalu di atas rata-rata industri, di atas 12%. Tahun ini, Mandiri menargetkan pertumbuhan kredit sebesar 20%. Target pertumbuhan fee based income sebesar 25%. Hal tersebut dijelaskan Direktur Utama Bank Mandiri Agus Martowardojo. Selain itu, Mandiri juga akan targetkan return on equity (ROE) bisa mencapai 20%. Sumber: kontan.co.id


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

Value 1,328.58 531.54 284.52 3,288.23

Change -26.73 -10.03 -4.87 -77.38

Open 1,350.23 540.60 287.91 3,357.74

12-Jan-10 Energy

Price

BRENT CRUDE FUTR (USD/bbl.) 78.59 GAS OIL FUT (ICE) (USD/MT) 644.75 GASOLINE RBOB FUT (USd/gal.) 206.75 HEATING OIL FUTR (USd/gal.) 210.35 NATURAL GAS FUTR (USD/MMBtu) 5.57 WTI CRUDE FUTURE (USD/bbl.) 80.04

Change -0.71 -13.50 -3.03 -2.83 -0.02 -0.75

% Change -0.90 -2.05 -1.44 -1.33 -0.43 -0.93

Metals

Price

COPPER FUTURE (USd/lb.) 333.80 GOLD 100 OZ FUTR (USD/t oz.)1,127.00 SILVER FUTURE (USD/t oz.) 18.26

Change

% Change

-0.34 -0.21 0.03

-0.34 -0.21 0.03

Sumber: Bloomberg

Where Foreign Money Flows

12-Jan-10

No.

Stock

ForeignSell (shares)

ForeignBuy (shares)

Net Buy (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

BNBR BUMI ELTY BTEL BBRI LPKR BMRI BDMN ETWA INKP TINS BBCA AKRA SMRA INDF DEWA TIRT JSMR UNTR MIRA BISI PGAS SMCB TBLA ENRG POLY SGRO BRPT BNGA ADHI

24,250,000 210,550,000 ##### 41,500,500 101,621,500 60,121,000 18,379,000 66,176,000 47,797,000 5,260,000 40,839,000 35,579,000 681,000 17,414,000 16,733,000 26,060,000 38,868,500 12,808,500 3,336,500 14,432,000 11,095,500 189,000 9,202,500 9,013,500 203,000 8,454,500 8,251,500 1,311,500 8,935,500 7,624,000 1,397,500 8,832,000 7,434,500 1,483,500 8,628,000 7,144,500 342,500 7,200,000 6,857,500 4,940,000 11,521,000 6,581,000 2,441,500 8,998,500 6,557,000 3,032,500 8,781,500 5,749,000 500,000 6,000,000 5,500,000 75,000 4,581,000 4,506,000 476,500 3,877,000 3,400,500 100,000 3,143,500 3,043,500 1,353,000 4,246,000 2,893,000 8,250,500 10,824,000 2,573,500 2,140,000 4,068,500 1,928,500 100,000 1,429,000 1,329,000 500,000 1,545,500 1,045,500 50,000 1,050,000 1,000,000 640,500 1,516,000 875,500 1,950,000 2,753,500 803,500 7,500 755,500 748,000 75,000 750,000 675,000

No.

Stock

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

INDY PNIN GGRM ASGR INTP PNBN GGRM HEXA ITMG INTP CKRA AALI ADRO ASII SCMA BYAN MYOR RINA UNVR RALS BBRI ITMG SMRA LSIP SMGR UNTR HEXA INDF TLKM BBCA

ForeignSell (shares) 72,000 250,000 53,500 100,000 1,188,500 549,000 558,500 243,500 323,500 248,000 5,500 14,000 425,000 1,904,000 426,000 28,500 58,500 1,500 28,000 67,000 6,813,000 125,500 750,000 109,000 21,500 754,000 80,000 6,873,000 3,394,000 660,000

ForeignBuy (shares) 725,000 900,500 691,500 730,000 1,800,000 1,068,000 1,062,500 712,000 779,500 498,000 200,000 121,500 525,000 1,994,500 512,500 53,500 70,500 5,500 28,000 67,000 6,813,000 125,500 750,000 109,000 21,500 754,000 80,000 6,873,000 3,394,000 660,000

Net Buy (shares) 653,000 650,500 638,000 630,000 611,500 519,000 504,000 468,500 456,000 250,000 194,500 107,500 100,000 90,500 86,500 25,000 12,000 4,000 0 0 0 0 0 0 0 0 0 0 0 0

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 78 79 80 81 82 83 84 85 86 87 88 89 90

TINS BUMI ELTYDOID ASII MYOR PTBA AKRA BMRI INVS INCO UNSP ISAT UNVR RALS LSIP SDRA SMGR PGAS TLKM CPIN EMTK MPPA PTBA BBNI SULI ANTM MEDC TRUB DOID

525,500 350,000 10,000 7,500,000 37,500 1,367,500 50,000 2,800,000 1,055,500 16,000 215,500 505,000 649,000 566,500 931,500 2,089,500 831,000 1,524,500 1,464,500 13,570,000 2,000,000 5,924,000 2,337,000 1,782,500 4,382,500 1,722,000 2,787,500 3,141,000 7,040,000 4,903,000

0 0 0 0 0 0 0 0 0 -9,500 -49,000 -255,000 -305,000 -368,500 -548,500 -570,500 -614,000 -641,000 -800,000 -853,500 -1,000,000 -1,024,000 -1,026,500 -1,055,500 -1,302,000 -1,649,500 -2,208,500 -2,799,000 -4,035,000 -4,853,000

525,500 350,000 10,000 7,500,000 37,500 1,367,500 50,000 2,800,000 1,055,500 6,500 166,500 250,000 344,000 198,000 383,000 1,519,000 217,000 883,500 664,500 12,716,500 1,000,000 4,900,000 1,310,500 727,000 3,080,500 72,500 579,000 342,000 3,005,000 50,000

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

12-Jan-10 Projection Os cillator

50

50

IHSG 2650

2650

2600

2600

P

P

2550

2400

P

P

2500

2450

2550

P

P

O

P 2500

O

P

O

O

2450

O

O

2400

O

O

2350

2350

2300

2300

2250

2250

2200

2200

50000

50000

x 100000

x 100000

28

5 October

12

19

26

2 Novem ber

9

16

23

30

7 Decem ber

14

21

28

4 2010

11

18

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 24,950 410 140 1,980 350 1,180 2,325 162 310 34,950 117 4,900 405 1,960 7,700 4,600 195 1,540 135 94 690 4,750 215 93 720 325 1,370 850 159 220 2,900 5,600 2,350 96 620 295 550 133 89 340 230 191 200 50 23,150 445 245 3,625 10,800 2,632

25

12-Jan-10 High

Low

25,150 415 141 1,970 0 1,230 2,375 163 320 35,400 118 5,150 405 1,980 7,950 4,775 199 1,620 141 96 690 4,850 225 98 730 325 1,390 840 159 230 2,875 5,650 2,400 97 660 305 570 138 94 345 255 199 205 50 24,150 450 250 3,775 11,900 2,660

24,750 405 138 1,920 0 1,170 2,275 159 315 34,800 114 4,900 400 1,950 7,650 4,600 199 1,540 136 93 670 4,725 215 90 720 320 1,350 830 153 225 2,775 5,550 2,300 90 600 290 540 130 88 335 220 188 200 50 23,050 440 240 3,650 10,800 2,624

Previous 24,950 410 140 1,980 350 1,180 2,325 162 310 34,950 117 4,900 405 1,960 7,700 4,600 195 1,540 135 94 690 4,750 215 93 720 325 1,370 850 159 220 2,900 5,600 2,350 96 620 295 550 133 89 340 230 191 200 50 23,150 445 245 3,625 10,800 2,632

Close 25,100 410 140 1,960 350 1,220 2,350 161 315 35,400 115 5,150 405 1,970 7,850 4,750 199 1,610 139 96 690 4,800 220 98 720 325 1,360 840 157 230 2,875 5,550 2,325 95 650 300 570 136 93 345 255 195 200 50 23,850 445 250 3,725 11,900

2,660

% Change

0.60 0.00 0.00 -1.01 0.00 3.39 1.08 -0.62 1.61 1.29 -1.71 5.10 0.00 0.51 1.95 3.26 2.05 4.55 2.96 2.13 0.00 1.05 2.33 5.38 0.00 0.00 -0.73 -1.18 -1.26 4.55 -0.86 -0.89 -1.06 -1.04 4.84 1.69 3.64 2.26 4.49 1.47 10.87 2.09 0.00 0.00 3.02 0.00 2.04 2.76 10.19 1.04

Volume

No.

452,000 3,300,500 29,500,500 115,809,000 0 18,427,000 26,725,500 817,500 1,928,000 3,673,500 155,454,000 10,679,000 6,770,500 9,751,500 26,333,500 15,493,500 4,000 15,224,000 13,147,000 19,543,500 2,815,500 30,429,500 19,828,500 1,256,112,512 977,500 437,500 7,553,000 6,294,000 379,711,488 302,000 359,426,496 187,500 5,871,500 2,302,000 22,677,000 19,084,500 5,718,000 196,376,992 60,211,500 10,087,500 932,369,472 463,671,488 134,000 14,817,500 1,398,500 771,500 15,551,000 1,426,500 189,000 6,690,999,808

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 3,975 3,800 2,550 1,950 14,850 4,875 32,950 1,420 260 1,870 123 1,350 520 9,400 770 123 2,650 110 325 62 225 960 3,925 800 151 18,100 640 3,050 100 1,640 7,750 590 1,600 225 390 375 2,200 1,910 9,450 220 84 193 540 115 710 670 17,250 11,250 325 560

High

Low

3,975 3,875 2,550 2,125 14,800 4,875 33,800 1,430 265 1,900 125 1,360 550 9,400 750 127 2,675 112 340 76 225 1,060 4,000 820 155 18,150 660 3,050 100 1,680 7,850 620 1,610 230 415 400 2,325 2,000 9,550 220 85 194 580 119 710 670 17,950 11,250 330 560

3,875 3,775 2,500 1,940 14,700 4,825 32,500 1,390 255 1,860 122 1,330 500 9,200 740 123 2,625 109 320 61 215 960 3,900 800 151 17,900 640 2,975 95 1,630 7,650 580 1,590 220 390 375 2,200 1,900 9,400 210 83 191 540 113 700 650 17,200 11,100 325 530

Previous 3,975 3,800 2,550 1,950 14,850 4,875 32,950 1,420 260 1,870 123 1,350 520 9,400 770 123 2,650 110 325 62 225 960 3,925 800 151 18,100 640 3,050 100 1,640 7,750 590 1,600 225 390 375 2,200 1,910 9,450 220 84 193 540 115 710 670 17,250 11,250 325 560

Close 3,950 3,875 2,550 2,125 14,800 4,850 33,500 1,400 265 1,880 124 1,360 550 9,250 740 126 2,625 110 330 70 220 990 3,950 820 155 18,050 640 3,025 100 1,670 7,750 620 1,610 225 395 390 2,300 1,990 9,500 220 85 194 580 116 710 670 17,900 11,100 330 560

% Change -0.63 1.97 0.00 8.97 -0.34 -0.51 1.67 -1.41 1.92 0.53 0.81 0.74 5.77 -1.60 -3.90 2.44 -0.94 0.00 1.54 12.90 -2.22 3.13 0.64 2.50 2.65 -0.28 0.00 -0.82 0.00 1.83 0.00 5.08 0.63 0.00 1.28 4.00 4.55 4.19 0.53 0.00 1.19 0.52 7.41 0.87 0.00 0.00 3.77 -1.33 1.54 0.00

Volume 6,619,500 14,467,000 6,096,500 29,174,000 2,012,500 1,175,500 1,319,000 376,000 387,000 8,429,500 24,212,000 26,993,500 118,971,000 3,068,500 750,000 2,137,000 7,853,500 19,000 18,117,000 39,499,000 7,282,000 5,123,500 24,685,500 1,349,500 28,401,500 3,750,500 1,436,000 3,300,000 137,500 11,829,000 2,723,000 21,542,500 8,082,000 1,218,000 8,346,000 34,164,500 83,799,504 2,631,500 19,990,500 73,500 5,050,500 2,547,000 45,500,000 10,973,500 489,500 17,290,000 6,224,500 712,500 1,921,500 212,500

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

0.92 0.28 1.14 0.89 -0.42 -0.04 1.47 0.70 0.47 0.99 0.88 1.29 0.75 0.76 1.04 0.72 -0.21 0.32 1.83 1.10 0.46 0.94 0.68 2.14 1.16 0.74 0.96 0.03 0.31 -0.08 2.64 -0.07 -0.04 0.37 1.22 1.10 0.89 2.42 0.85 0.19 3.00 1.00 1.28 -0.01 0.77 0.96 1.19 1.36 0.76 1.00

Close

Support Resistant Momentum

25,100 410 140 1,960 350 1,220 2,350 161 315 35,400 115 5,150 405 1,970 7,850 4,750 199 1,610 139 96 690 4,800 220 98 720 325 1,360 840 157 230 2,875 5,550 2,325 95 650 300 570 136 93 345 255 195 200 50 23,850 445 250 3,725

22,300 400 129 1,710 0 1,040 2,125 157 295 33,750 103 4,700 370 1,950 7,500 4,450 0 1,320 135 89 630 4,525 200 84 700 320 1,290 820 142 205 2,300 5,550 2,125 88 480 235 490 119 86 335 181 187 195 50 20,150 420 215 2,950

25,550 425 148 2,025 360 1,250 2,400 171 330 35,800 118 5,150 415 2,025 7,950 4,775 200 1,620 159 102 700 4,950 230 98 750 340 1,410 880 167 230 3,000 5,800 2,400 104 660 305 570 151 94 365 255 210 205 50 24,150 450 250 3,775

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

11,900

10,100

2,660

2,475

11,900 Overbought 2,660 Overbought

13-Jan-10 Last Buy Last Sell Forecast Forecast (days ago) (days ago) %Up %Down

6 3 6 8 13 8 8 8 14 1 9 0 6 8 8 10 0 5 15 0 4 9 4 5 5 19 9 7 10 7 8 15 2 8 5 5 4 8 1 21 8 8 6 N/A N/A 6 10 7 7 9

13 5 8 12 16 15 21 0 2 2 11 1 16 2 16 12 2 N/A 3 2 15 14 15 16 0 15 21 6 15 14 16 2 5 1 16 28 15 0 2 1 28 0 14 29 N/A 14 11 11 11 12

1.3 1.5 1.8 1.9 47.6 2.3 1.9 1.5 1.9 1.2 2.1 1.9 1.4 0.8 1.4 1.3 9.2 2.5 1.8 2.2 1.8 1.5 2.8 3.4 0.7 0.9 1.9 1.3 2.6 2.4 2.9 0.9 2.4 2.4 4.3 3.1 2.6 3.5 2.2 1.4 5.0 2.5 0.6 0.0 2.6 1.7 2.2 2.3 2.8 0.7

1.0 1.2 2.3 1.6 38.9 1.9 1.6 1.8 1.6 0.9 1.7 1.5 1.1 1.0 1.2 1.1 7.5 2.0 2.2 1.8 1.5 1.2 2.3 2.8 0.8 1.1 1.5 1.6 2.1 2.0 2.3 1.1 2.0 3.0 3.5 2.5 2.1 2.9 1.8 1.8 4.1 3.0 0.8 0.0 2.1 1.4 1.8 1.9 2.3 0.6

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

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

Rally with Volume Rally with Volume

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

sell at 23,150 sell at 406 sell at 138 sell at 1,685 sell at 351 sell at 1,135 sell at 2,244 buy at 172 buy at 315 sell at 34,175 sell at 102 sell at 4,700 sell at 380 buy at 1,990 sell at 7,575 sell at 4,406 sell at 193 sell at 1,295 buy at 149 sell at 94 sell at 643 sell at 4,738 sell at 208 sell at 80 buy at 723 buy at 330 sell at 1,320 buy at 883 sell at 145 sell at 210 sell at 2,444 buy at 5,813 sell at 2,156 buy at 100 sell at 445 sell at 244 sell at 488 buy at 137 sell at 83 buy at 365 sell at 173 buy at 201 sell at 201 buy at 50 buy at 19,475 sell at 424 sell at 223 sell at 2,850 sell at 9,263 sell at 2,508

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

1.44 1.22 0.62 1.08 1.84 0.71 1.22 0.26 1.59 0.96 0.49 -0.05 0.39 0.82 0.62 0.23 0.52 1.53 1.50 1.57 1.56 0.08 0.86 0.84 1.23 0.46 0.88 1.30 -0.24 0.91 0.53 0.68 0.26 0.49 0.05 0.09 1.77 0.26 1.50 0.66 1.57 0.24 1.62 1.87 0.52 1.67 1.56 1.03 0.14 0.80

Close 3,950 3,875 2,550 2,125 14,800 4,850 33,500 1,400 265 1,880 124 1,360 550 9,250 740 126 2,625 110 330 70 220 990 3,950 820 155 18,050 640 3,025 100 1,670 7,750 620 1,610 225 395 390 2,300 1,990 9,500 220 85 194 580 116 710 670 17,900 11,100 330 560

Support Resistant Momentum 3,425 3,400 2,100 1,650 13,100 4,600 30,700 1,370 250 1,800 117 1,290 490 8,100 0 120 2,425 106 300 58 205 880 3,825 740 140 16,950 620 2,550 95 1,500 7,500 560 1,570 200 360 340 1,850 1,780 9,200 198 81 185 360 112 700 540 15,100 10,800 320 520

4,025 3,900 2,575 2,125 14,950 4,950 34,300 1,450 275 1,900 127 1,370 550 9,450 780 130 2,725 115 360 76 230 1,060 4,075 820 155 18,600 730 3,100 103 1,680 7,950 620 1,690 235 415 400 2,325 2,000 9,700 220 92 198 580 122 750 680 17,950 11,450 340 560

Overbought Overbought Overbought Overbought Overbought Overbought -----Overbought Overbought Overbought Overbought -Overbought ------Overbought Overbought --Overbought Overbought Overbought -----Overbought Overbought Overbought -Overbought --Overbought --Overbought Overbought --Overbought

13-Jan-10 Last Buy Last Sell Forecast Forecast (days (days ago) %Up %Down ago)

8 22 9 6 10 6 15 1 0 5 9 6 1 6 11 3 6 6 7 4 5 5 9 14 5 8 14 8 1 7 19 4 8 10 4 5 8 5 10 7 6 5 26 0 10 7 8 1 0 9

17 27 24 8 11 N/A 19 4 9 16 21 7 N/A 12 12 12 18 2 1 19 11 10 0 N/A 13 17 1 12 4 14 20 5 6 13 27 12 20 6 9 11 15 9 N/A 13 5 27 11 2 1 12

1.4 1.6 1.6 3.1 1.1 1.0 1.8 1.5 2.3 0.9 1.6 1.2 2.7 1.4 1.7 2.1 1.4 1.9 2.9 5.3 2.5 4.1 1.2 1.3 1.4 1.3 2.0 2.0 2.2 1.5 1.5 2.3 1.0 2.5 2.9 2.4 2.3 1.9 1.1 2.4 1.8 1.2 3.7 2.5 1.2 2.3 2.1 0.9 1.1 2.2

1.2 1.3 1.3 2.6 0.9 0.8 1.4 1.3 1.9 0.8 1.3 1.0 2.2 1.2 2.1 1.7 1.2 1.6 2.4 4.4 2.0 3.4 1.5 1.1 1.1 1.0 2.5 1.6 1.8 1.3 1.2 1.9 0.8 2.0 2.4 2.0 1.9 1.5 0.9 1.9 1.5 1.0 3.0 2.0 1.4 1.9 1.7 1.1 0.9 1.8

Candlestick Last Trade

Volume

--Doji --------------Doji --------Doji -Doji -Doji --Doji -----Doji ----Doji Doji ---Doji

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

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

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

3,788 3,525 2,150 1,523 13,463 4,669 31,575 1,388 256 1,828 118 1,303 465 8,338 775 120 2,506 111 339 51 215 893 3,963 750 142 17,675 683 2,725 100 1,525 7,575 555 1,608 200 370 333 1,955 1,653 9,413 209 83 185 485 114 730 578 14,150 11,225 324 550

page 5 of 7


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

12-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

25,100 410 140 1,960 350 1,220 2,350 161 315 35,400 115 5,150 405 1,970 7,850 4,750 199 1,610 139 96 690 4,800 220 98 720 325 1,360 840 157 230 2,875 5,550 2,325 95 650 300 570 136 93 345 255 195 200 50 23,850 445 250 3,725 11,900 2,660

24,362 3.03 23,946 4.82 3.72 409 0.33 408 0.55 2.50 139 0.45 137 2.07 -2.10 1,857 5.56 1,806 8.52 9.50 349 0.32 347 0.90 0.00 1,174 3.92 1,160 5.21 1.67 2,297 2.30 2,274 3.33 2.17 164 -2.05 164 -1.76 -5.29 311 1.32 306 3.08 -3.08 34,771 1.81 34,394 2.93 -0.28 110 4.69 108 6.88 7.48 4,940 4.25 4,898 5.15 0.98 395 2.41 389 4.07 5.19 1,972 -0.11 1,975 -0.27 -1.01 7,723 1.65 7,702 1.93 0.00 4,584 3.63 4,530 4.85 3.26 197 1.20 196 1.47 2.58 1,497 7.54 1,475 9.15 11.81 139 -0.16 134 4.02 -7.33 94 1.94 94 1.99 1.05 674 2.37 670 2.97 4.55 4,743 1.20 4,692 2.31 -1.54 216 1.91 217 1.33 4.76 91 7.61 90 8.38 8.89 722 -0.22 719 0.17 -1.37 329 -1.15 334 -2.65 -1.52 1,339 1.57 1,322 2.88 2.26 855 -1.71 854 -1.59 -2.33 153 2.74 150 4.81 6.80 221 3.94 219 4.94 2.22 2,696 6.65 2,592 10.92 7.48 5,634 -1.50 5,621 -1.27 -3.48 2,256 3.05 2,213 5.08 6.90 96 -0.53 94 0.96 -4.04 576 12.89 551 17.97 27.45 279 7.50 270 11.11 9.09 542 5.18 542 5.14 7.55 135 0.99 135 0.71 -2.86 89 4.86 88 5.29 5.68 349 -1.06 342 0.77 -5.48 223 14.33 219 16.51 18.60 197 -0.98 199 -1.90 -1.52 200 0.01 200 -0.10 0.00 50 -0.13 50 -0.61 0.00 21,917 8.82 20,989 13.63 9.66 437 1.86 435 2.23 1.14 237 5.38 229 9.05 6.38 3,373 10.42 3,208 16.13 18.25 10,821 9.97 10,573 12.56 13.33 2,591 2.65 2,553 4.16 2.08

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

3,950 3,875 2,550 2,125 14,800 4,850 33,500 1,400 265 1,880 124 1,360 550 9,250 740 126 2,625 110 330 70 220 990 3,950 820 155 18,050 640 3,025 100 1,670 7,750 620 1,610 225 395 390 2,300 1,990 9,500 220 85 194 580 116 710 670 17,900 11,100 330 560

3,858 2.39 3,767 4.85 3.27 3,702 4.68 3,571 8.53 3.33 2,384 6.96 2,293 11.19 13.33 1,884 12.78 1,829 16.19 16.12 14,164 4.49 13,545 9.27 5.34 4,788 1.30 4,785 1.36 2.11 32,478 3.15 31,701 5.67 0.60 1,394 0.42 1,392 0.58 0.72 263 0.90 264 0.38 1.92 1,863 0.91 1,865 0.81 0.53 121 2.09 121 2.79 3.33 1,337 1.75 1,319 3.13 3.03 517 6.46 519 6.07 7.84 8,907 3.85 8,673 6.66 6.94 754 -1.79 747 -0.92 -2.63 124 1.66 124 1.22 3.28 2,580 1.74 2,553 2.81 1.94 110 -0.28 112 -1.40 -0.90 330 0.14 333 -0.94 -2.94 63 11.59 64 9.68 16.67 218 0.84 215 2.22 2.33 949 4.36 926 6.85 5.32 3,943 0.19 3,914 0.93 0.00 789 3.87 770 6.48 2.50 150 3.03 150 3.49 1.31 17,887 0.91 17,645 2.29 1.40 649 -1.45 634 0.96 -9.86 2,890 4.67 2,787 8.55 6.14 100 0.45 99 1.22 2.04 1,607 3.92 1,578 5.80 3.73 7,661 1.16 7,553 2.60 0.65 592 4.71 591 4.93 6.90 1,614 -0.27 1,644 -2.09 1.26 215 4.65 211 6.58 4.65 389 1.61 394 0.16 3.95 367 6.26 356 9.43 8.33 2,133 7.81 2,051 12.13 5.75 1,853 7.37 1,815 9.63 8.74 9,473 0.28 9,458 0.45 -1.04 214 2.77 210 4.63 2.33 84 1.02 84 1.15 -4.49 191 1.80 190 2.24 3.19 510 13.82 446 30.11 5.45 116 -0.01 120 -3.13 1.75 716 -0.89 715 -0.72 0.00 635 5.57 632 5.94 6.35 16,397 9.17 15,934 12.34 11.18 11,158 -0.52 11,198 -0.87 -2.63 327 0.92 325 1.48 0.00 553 1.21 548 2.25 0.00

95.06 340.34 58.39 141.48 242.20 8.38 240.10 225.58 20.45 113.64 148.00 115.87 -33.73 189.06 23.33 137.74 29.63 10.00 -45.00 40.00 84.87 73.68 103.61 84.27 176.79 161.59 36.17 158.55 -47.37 221.15 124.64 269.05 57.84 192.21 88.10 95.98 123.30 161.84 43.94 -10.20 70.00 128.24 ### -42.00 61.36 116.13 219.64 39.62 53.49 77.78

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

13.06 2.50 0.00 15.29 1.45 17.31 11.90 2.55 5.00 4.12 10.58 8.99 8.00 1.55 4.67 6.74 1.53 17.52 -3.47 5.49 6.15 5.49 4.76 19.51 1.41 -2.99 4.62 -3.45 9.79 4.55 26.37 0.00 5.68 7.95 34.02 25.00 16.33 15.25 8.14 1.47 40.88 5.41 3.09 0.00 19.25 5.95 13.64 26.27 16.67 7.46

10.33 -3.53 14.75 10.73 0.00 2.52 -2.08 -8.00 10.53 6.79 7.48 10.75 5.19 -1.50 2.61 5.56 -2.93 -1.83 23.01 -9.43 0.00 2.13 -15.38 -7.55 2.86 -9.72 -0.73 -1.18 -3.68 0.00 4.55 1.83 16.83 -1.04 14.04 3.45 -5.00 -27.27 -3.13 7.81 -13.56 -31.58 -11.11 -9.09 39.47 -1.11 13.64 28.45 15.53 7.18

18.68 -6.82 2.94 42.03 -11.39 7.96 -8.74 -31.49 8.62 5.36 -6.50 8.99 -1.22 -1.50 0.64 2.15 -18.78 -17.44 15.83 -19.33 -9.21 0.00 -24.14 -22.22 1.41 -16.67 -6.85 25.37 17.16 -2.13 1.77 -3.48 47.15 -9.52 -12.16 -11.76 7.55 -31.66 -8.82 -1.43 -27.14 -45.07 3.63 -12.28 72.20 -4.30 25.00 30.70 15.53 8.26

94.57 54.72 105.88 154.55 -9.09 134.62 117.59 8.78 40.00 172.31 130.00 82.30 106.63 189.71 91.46 90.00 34.46 -17.44 178.00 92.00 42.27 160.87 47.65 96.00 82.28 14.04 147.27 900.00 214.00 84.00 268.59 290.85 400.00 -24.00 103.13 130.77 142.55 151.85 86.00 142.96 222.78 178.57 217.46 0.00 333.64 111.90 208.64 365.63

15.53 100.35

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

16.18 14.81 21.43 20.74 11.28 4.86 9.48 0.72 1.92 2.73 5.98 4.62 7.84 14.20 -1.33 4.13 9.38 2.80 10.00 18.64 7.32 11.24 3.27 9.33 4.73 6.18 -1.54 18.63 0.00 12.08 2.65 8.77 -1.83 9.76 2.60 13.04 26.37 11.80 -1.04 11.11 6.25 3.74 61.11 1.75 -2.74 24.07 17.38 -0.45 3.13 5.66

2.60 19.23 15.91 25.74 27.59 -3.96 23.39 1.45 -5.36 -1.05 -2.36 5.43 -1.79 17.09 0.00 -6.67 -3.67 -12.00 -13.16 -9.09 0.00 4.21 3.95 7.89 6.90 13.52 8.47 26.04 -6.54 2.45 4.73 3.33 -1.23 12.50 -15.96 16.42 16.16 10.56 6.15 2.33 -4.49 -5.37 182.93 0.00 1.43 -17.28 15.86 -1.77 0.00 5.66

-1.86 24.00 4.08 20.06 27.59 -11.82 41.35 66.67 -8.62 3.87 -8.82 4.62 -19.12 17.83 -9.76 -23.17 -16.00 -35.29 -27.47 -10.26 -18.52 -5.71 12.86 -1.20 10.71 27.56 6.67 45.78 -17.36 9.15 20.16 -4.62 30.89 2.27 -28.18 16.42 4.55 9.94 9.20 -13.73 -26.09 -7.62 146.81 0.87 0.00 -20.24 15.11 2.30 -2.94 -6.67

page 6 of 7


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 13 January 2010  

Daily Trading Summary 10 Most Active Stocks 10,627.26 10,879.14 Nikkei 225 IDX Index List % Change Down 49.600 (1.00%) Up 61.216 (1.91%) Sto...

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