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PT. BALI SECURITIES

Market Update

Daily Investment Guide

27-Jan-10

IHSG

27-Jan-10

2,564.55 Down 13.861 (0.54%) 2,578.42 2,577.91 2,554.8821 - 2,594.2461 1,244.87 - 2,689.77

Change: Prev Close: Open: Day's Range: 52wk Range: 27-Jan-10

10,252.08

Nikkei 225

Down 73.20 (0.71%) 10,325.28 10,344.07 10,252.08 - 10,373.82 7,021.28 - 10,982.10

Change: Prev Close: Open: Day's Range: 52wk Range: 27-Jan-10

10,236.16 Up 41.87 (0.41%) 10,194.29 10,194.29 10,104.36 - 10,255.06 6,440.08 - 10,767.20

IDX Index List

Previous 2,578.42 1,868.62 2,239.17 277.66 594.91 693.91 152.33 722.88 305.74 298.64 536.08 503.84 423.17 732.92 395.73 620.60 237.27 211.76 146.66

Close Change 2,564.55 -13.86 down 1,858.17 -10.45 down 2,213.14 -26.04 down 271.91 -5.74 down 6.38 601.28 up 692.96 -0.95 down 152.12 -0.20 down 719.83 -3.05 down 304.14 -1.61 down 297.24 -1.39 down 534.18 -1.90 down 500.59 -3.25 down 421.25 -1.92 down 729.29 -3.63 down 392.27 -3.46 down 616.31 -4.29 down 236.01 -1.25 down 210.96 -0.80 down 145.78 -0.88 down

10 Most Active Stocks

Stock BUMI ADRO LPKR DEWA BNBR MLPL INDF SDRA ITMG INTP

Previous Close Change 2,575 2,475 -100 down 1,880 1,840 -40 down 540 540 0 -121 119 -2 down 85 84 -1 down 101 97 -4 down 3,525 3,450 -75 down 260 275 15 up 30,900 31,950 1,050 up 13,300 12,800 -500 down

Daily Trading Summary

Buy/Sell

Foreign Investor

497,636,400 Volume Value 887,378,125,500 636,615,400 Sell Volume Value 1,341,183,862,000 Foreign SELL Net Value

Buy

27-Jan-10

US Major DJIA Nasdaq S&P 500

Close 10,236.16 2,221.41 1,097.50

10,236.16 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 Close 4,670.00 All Ordinaries Shanghai Composite 2,986.61 Hang Seng 20,033.07 16,325.66 BSE 30 Nikkei 225 10,252.08 3,193.573 Jan 26 NZSE 50 Straits Times 2,706.26 Seoul Composite 1,625.48 Taiwan Weighted 7,560.03

27-Jan-10

% -0.54 -0.56 -1.16 -2.07 1.07 -0.14 -0.13 -0.42 -0.53 -0.47 -0.35 -0.64 -0.45 -0.50 -0.87 -0.69 -0.53 -0.38 -0.60

27-Jan-10

% -3.88 -2.13 0.00 -1.65 -1.18 -3.96 -2.13 5.77 3.40 -3.76

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

Rating 2.85 2.67 1.55 2.93 2.00 2.67 1.70 3.00 2.05 3.00 2.40 1.36 1.36 1.67 2.75 1.83

% Change Down 73.100 (1.54%) Down 32.787 (1.09%) Down 76.26 (0.38%) Down 454.80 (2.71%) Down 73.20 (0.71%) Down 15.490 (0.48%) Down 34.07 (1.24%) Down 11.86 (0.72%) Down 38.78 (0.51%) % Change Up 41.87 (0.41%) Up 17.68 (0.80%) Up 5.33 (0.49%)

Rating: 1.0=buy 2.0=outperform Recommendation update 25-Jan-10 Hold 25-Jan-10 Hold 25-Jan-10 Outperform 25-Jan-10 Hold 25-Jan-10 Outperform 25-Jan-10 Hold 25-Jan-10 Outperform 25-Jan-10 Hold 25-Jan-10 Outperform 25-Jan-10 Hold 25-Jan-10 Outperform 25-Jan-10 Buy 25-Jan-10 Buy 25-Jan-10 Outperform 25-Jan-10 Hold 25-Jan-10 Outperform

28-Jan-10

27-Jan-10

Europe ATX BEL-20 CAC 40 DAX AEX General OSE All Share Madrid General Stockholm General FTSE 100 27-Jan-10 Commodity US Coal Index OIL Nymex (Mar) Gold (Jan)

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

% Change Close 2,519.03 Down 26.64 (1.05%) 2,470.55 Dec 9 Down 38.93 (1.55%) 3,759.80 Down 47.24 (-1.24%) 5,643.20 Down 25.73 (0.45%) 327.26 Down 2.39 (-0.72%) 401.73 Down 0.57 (0.14%) 1,149.77 Down 33.42 (2.82%) Up 1.07 (0.36%) 299.91 5,217.47 Down 59.38 (1.13%) % Change Close 339.84 Down 0.98 (0.29%) Up 0.10 (0.14%) 73.77 1,084.40 Down 13.50 (1.23%)

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 2.10 Outperform 3.25 Hold 1.67 Outperform

5.0=sell update 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 25-Jan-10 24-Jan-10 25-Jan-10 25-Jan-10

Daily Investment Guide and Market Analysis Indeks kembali melemah kemarin dan ditutup turun 13 point ke level 2.564. Kepercayaan investor makin menurun akibat kekhawatiran bahwa Negara-negara maju mengambil exit strategy yang agresif. Langkah exit strategi yang ditempuh diprekirakan akan membuat indeks bursa saham beresiko turun. Indeks bursa global masih dibayangi sentiment bearish karena pengetatan likuiditas, ancaman kenaikan suku bunga acuan dan regulasi yang membatasi risk appetite yang berlebihan walaupun pertumbuhan ekonomi dunia diprediski tahun 2010 jauh lebih baik dari tahun lalu. Sementara The Fed kemarin memutuskan belum menaikkan suku bunga acuannya sehingga membuat indeks bursa saham utama disana naik dimotori oleh sektor perbankan, teknologi dan health care. Sementara dari dalam negeri investor hari ini mencermatti rencana demo di Jakarta selain belum adanya indikasi investor akan masuk lagi setelah dalam beberapa hari banyak saham sudah oversold.

Selected News Dengan net interest margin (NIM) yang mencapai 7% sehingga diduga terjadi kartel asing di industri perbankan nasional sehingga menghambat turunnya suku bunga kredit. Tingginya NIM tersebut juga disinyalir sebagai biang keladi rendahnya daya saing produk Indonesia di tingkat global. Dalam keadaan krisis ekonomi atau tidak, NIM perbankan nasional tetap tinggi. Ini bukti bahwa ada kartel asing yang menguasai industri Rp453,805,736,500 perbankan nasional,� kata Sekretaris Fraksi Partai Golkar Ade Komarudin. Sumber: inilah.com

27-Jan-10 Domestic Investor 2,620,014,191 2,527,762,353,584 2,481,035,191 2,073,956,617,084


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

Value 1,256.75 492.25 268.76 3,059.14

Change -20.77 -7.74 -5.12 -53.58

Open 1,267.76 498.44 274.03 3,107.87

27-Jan-10 Energy

Price

BRENT CRUDE FUTR (USD/bbl.) 72.38 GAS OIL FUT (ICE) (USD/MT) 592.00 GASOLINE RBOB FUT (USd/gal.) 194.48 HEATING OIL FUTR (USd/gal.) 191.80 NATURAL GAS FUTR (USD/MMBtu) 5.24 WTI CRUDE FUTURE (USD/bbl.) 73.80

Change 0.14 -12.00 0.56 0.12 0.02 0.13

% Change 0.19 -1.99 0.29 0.06 0.31 0.18

Metals

Price

COPPER FUTURE (USd/lb.) 322.05 GOLD 100 OZ FUTR (USD/t oz.)1,088.40 SILVER FUTURE (USD/t oz.) 16.64

Change

% Change

-0.06 0.25 1.22

-0.06 0.25 1.22

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

BBTN KLBF DOID ELTY ENRGBLTA ITMG INCO MIRA UNSP PNIN DEWA PNLF BBCA GGRM TINS SGRO ASII MEDC UNTR UNVR INVS BDMN ISAT RINA BYAN KLBF KIJA ISAT INTP

4,030,000 1,998,500 2,142,000 3,935,500 18,500 113,000 630,000 2,741,500 400,000 800,000 2,950,000 177,500 19,379,500 4,304,000 516,500 70,000 13,500 1,371,000 80,000 934,000 245,000 11,000 4,557,000 426,500 1,000 25,000 250,000 995,000 5,000 127,500

27-Jan-10 ForeignBuy (shares) 20,103,500 16,761,000 10,291,000 8,130,000 3,000,000 1,814,000 2,238,000 4,043,000 1,700,000 2,060,000 4,082,000 1,280,000 20,062,000 4,894,000 1,090,000 590,000 397,000 1,657,000 318,500 1,081,500 341,000 93,500 4,622,500 486,500 14,500 35,500 250,000 995,000 5,000 127,500

Net Buy (shares)

No.

Stock

ForeignSell (shares)

ForeignBuy (shares)

16,073,500 14,762,500 8,149,000 4,194,500 2,981,500 1,701,000 1,608,000 1,301,500 1,300,000 1,260,000 1,132,000 1,102,500 682,500 590,000 573,500 520,000 383,500 286,000 238,500 147,500 96,000 82,500 65,500 60,000 13,500 10,500 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

GGRM PNLF BUMI INCO SMGR SMRA JRPT UNTR CTRA UNVR TINS MYOR ELTY BDMN BBCA ADRO TLKM ITMG SGRO LSIP PGAS RALS BBNI BBRI BMRI ANTM PTBA AALI ASII SCMA

370,500 370,500 180,228,000 180,228,000 1,654,000 1,654,000 19,500 19,500 40,000 40,000 112,500 112,500 16,082,600 16,082,600 128,000 128,000 5,000,000 5,000,000 8,000 8,000 33,500 33,500 600,000 600,000 1,324,500 1,324,500 95,000 95,000 1,205,000 1,205,000 2,235,000 2,235,000 2,648,000 2,648,000 67,000 67,000 3,000 3,000 10,500 10,500 17,971,300 17,971,300 2,000,000 2,000,000 740,000 740,000 1,374,500 1,374,500 1,386,000 1,386,000 20,000 20,000 132,000 132,000 41,000 41,000 209,500 159,500 720,000 601,000

Net Buy (shares) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -50,000 -119,000

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

BRPT LPKR DGIK INAF MLPL INDF DOID ATPK ADHI AKRA MAPI SMGR BBNI AALI PTBA TLKM LSIP BMTR CTRA INTP BBRI BMRI PGAS ENRG ANTM SMCB INDF ADRO BUMI

375,500 315,500 209,500 500,000 500,000 2,490,500 1,895,500 907,000 850,000 1,340,000 1,767,500 1,514,000 998,500 1,084,500 2,403,500 5,722,500 4,474,500 3,825,000 3,634,000 4,527,000 8,633,000 17,635,500 9,617,500 11,639,500 12,575,500 21,464,500 21,217,000 71,204,000 101,639,000

-150,000 -167,000 -207,000 -364,000 -400,000 -500,000 -600,000 -657,000 -720,000 -829,500 -847,000 -859,000 -911,000 -939,000 -2,075,000 -2,260,500 -3,027,500 -3,450,000 -3,484,000 -3,958,500 -6,624,500 -6,836,000 -7,252,000 -10,647,500 -11,398,500 -18,815,000 -20,210,500 -22,886,500 -55,791,500

225,500 148,500 2,500 136,000 100,000 1,990,500 1,295,500 250,000 130,000 510,500 920,500 655,000 87,500 145,500 328,500 3,462,000 1,447,000 375,000 150,000 568,500 2,008,500 10,799,500 2,365,500 992,000 1,177,000 2,649,500 1,006,500 48,317,500 45,847,500

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

27-Jan-10 Projection Os cillator

50

50

IHSG 2700

2700

P

2650

2650

2600

2600

P

2550

P

2450

O

2550

P P

P

2500

2500

O

O

P

O

2450

O

2400

2400

O O

2350

2350

2300

2300

2250

2250

2200

2200

50000

50000

x 100000

x 100000

12

19

26

2 Novem ber

9

16

23

30

7 Decem ber

14

21

28

4 2010

11

18

25

1 February

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 24,250 400 134 1,880 345 1,240 2,125 145 355 33,850 108 4,800 380 1,910 7,600 4,950 255 1,500 124 89 700 4,600 250 85 730 300 1,230 870 148 220 2,575 5,650 2,150 94 650 270 540 121 85 325 255 176 200 50 23,300 460 250 3,725 13,700 2,578

8

27-Jan-10 High

Low

24,250 400 135 1,910 0 1,250 2,175 161 365 34,600 109 4,825 385 1,930 7,650 4,975 290 1,520 125 93 700 4,625 265 86 740 305 1,260 880 149 210 2,600 5,650 2,200 94 670 275 540 123 86 330 260 177 200 50 23,900 460 255 3,750 13,700 2,594

23,800 390 130 1,820 0 1,220 2,075 145 345 33,850 106 4,725 380 1,890 7,550 4,850 250 1,460 122 88 670 4,500 235 82 720 300 1,210 850 145 210 2,450 5,550 2,100 88 650 260 530 118 83 320 245 174 200 50 23,100 450 245 3,675 13,400 2,555

Previous 24,250 400 134 1,880 345 1,240 2,125 145 355 33,850 108 4,800 380 1,910 7,600 4,950 255 1,500 124 89 700 4,600 250 85 730 300 1,230 870 148 220 2,575 5,650 2,150 94 650 270 540 121 85 325 255 176 200 50 23,300 460 250 3,725 13,700 2,578

Close 24,250 400 131 1,840 345 1,240 2,125 153 355 34,350 107 4,725 385 1,890 7,550 4,925 255 1,470 123 88 690 4,550 240 84 720 305 1,220 870 147 210 2,475 5,550 2,125 89 660 260 530 119 84 325 250 176 200 50 23,500 455 250 3,700 13,600

2,565

% Change

0.00 0.00 -2.24 -2.13 0.00 0.00 0.00 5.52 0.00 1.48 -0.93 -1.56 1.32 -1.05 -0.66 -0.51 0.00 -2.00 -0.81 -1.12 -1.43 -1.09 -4.00 -1.18 -1.37 1.67 -0.81 0.00 -0.68 -4.55 -3.88 -1.77 -1.16 -5.32 1.54 -3.70 -1.85 -1.65 -1.18 0.00 -1.96 0.00 0.00 0.00 0.86 -1.09 0.00 -0.67 -0.73 -0.54

Volume 1,356,000 1,968,500 1,799,500 140,035,504 0 10,127,000 26,631,000 23,517,500 1,534,000 3,144,500 15,201,500 7,631,000 2,589,500 6,479,000 10,717,500 5,365,500 19,976,500 1,912,500 1,357,500 23,556,500 4,631,500 21,497,500 62,827,000 338,412,512 1,001,000 110,500 5,482,500 14,662,500 97,005,504 385,000 352,188,000 42,500 1,179,500 3,425,000 7,399,000 7,449,500 2,470,000 231,524,496 6,522,500 11,742,500 116,848,000 154,469,504 115,000 1,123,500 1,236,000 1,146,500 6,225,000 931,000 24,000 3,118,000,128

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 3,550 3,525 2,525 2,125 13,300 5,350 30,900 1,300 250 1,780 118 1,390 540 8,600 740 117 2,425 107 300 101 230 1,250 3,725 820 154 16,900 870 2,850 89 1,650 7,900 640 1,490 210 370 380 2,200 1,900 9,300 199 82 186 530 102 680 590 16,700 11,450 315 540

High

Low

3,675 3,575 2,550 2,100 13,300 5,450 32,200 1,320 250 1,800 119 1,440 550 8,650 740 121 2,450 110 300 103 245 1,300 3,750 810 154 17,050 870 2,900 0 1,680 7,950 650 1,500 210 370 380 2,250 1,890 9,350 197 85 188 540 105 680 600 17,100 11,550 325 540

3,525 3,400 2,475 2,050 12,600 5,250 31,100 1,290 250 1,770 116 1,380 530 8,350 720 117 2,350 106 290 94 230 1,200 3,675 800 150 16,400 810 2,825 0 1,560 7,700 620 1,470 205 360 365 2,175 1,880 9,200 197 81 185 520 98 670 570 16,600 11,300 315 540

Previous 3,550 3,525 2,525 2,125 13,300 5,350 30,900 1,300 250 1,780 118 1,390 540 8,600 740 117 2,425 107 300 101 230 1,250 3,725 820 154 16,900 870 2,850 89 1,650 7,900 640 1,490 210 370 380 2,200 1,900 9,300 199 82 186 530 102 680 590 16,700 11,450 315 540

Close 3,575 3,450 2,500 2,100 12,800 5,300 31,950 1,310 250 1,770 116 1,440 540 8,400 740 117 2,375 109 300 97 235 1,210 3,725 810 151 16,450 810 2,850 89 1,570 7,800 630 1,490 210 370 375 2,200 1,880 9,250 197 84 187 530 99 670 580 16,750 11,450 315 540

% Change 0.70 -2.13 -0.99 -1.18 -3.76 -0.93 3.40 0.77 0.00 -0.56 -1.69 3.60 0.00 -2.33 0.00 0.00 -2.06 1.87 0.00 -3.96 2.17 -3.20 0.00 -1.22 -1.95 -2.66 -6.90 0.00 0.00 -4.85 -1.27 -1.56 0.00 0.00 0.00 -1.32 0.00 -1.05 -0.54 -1.01 2.44 0.54 0.00 -2.94 -1.47 -1.69 0.30 0.00 0.00 0.00

Volume 12,772,500 24,902,000 14,152,000 802,000 6,659,500 1,430,500 3,141,500 152,000 55,000 3,328,500 6,062,500 29,542,000 93,929,000 5,205,000 11,000 2,076,000 4,028,000 99,500 6,835,000 88,604,000 9,686,000 5,661,500 28,759,000 55,000 22,501,000 3,276,000 305,000 2,613,000 0 27,271,000 3,832,000 9,185,500 5,178,500 10,500 301,500 5,850,500 6,959,000 110,000 7,311,500 90,000 8,943,000 1,214,500 14,438,000 6,179,000 545,000 13,135,000 3,720,500 529,000 2,735,000 78,000

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

0.91 -0.12 0.70 1.19 -0.62 1.41 1.23 0.05 0.60 1.20 0.66 1.35 0.87 0.64 1.37 1.10 -2.47 0.33 1.20 0.19 0.77 1.40 0.04 2.12 0.63 0.32 0.73 -0.34 0.58 0.80 2.85 0.27 0.38 0.46 0.55 2.08 0.96 2.51 0.75 0.35 2.89 0.49 0.60 0.00 1.80 1.01 1.58 0.77 -0.19 1.00

Close

Support Resistant Momentum

24,250 400 131 1,840 345 1,240 2,125 153 355 34,350 107 4,725 385 1,890 7,550 4,925 255 1,470 123 88 690 4,550 240 84 720 305 1,220 870 147 210 2,475 5,550 2,125 89 660 260 530 119 84 325 250 176 200 50 23,500 455 250 3,700

23,800 390 130 1,820 0 1,170 2,075 135 315 33,200 106 4,725 380 1,890 7,500 4,675 197 1,460 120 85 670 4,500 215 82 720 300 1,210 820 145 0 2,450 5,550 2,100 88 630 260 530 111 83 320 240 174 200 50 23,050 435 240 3,625

25,300 415 146 2,075 350 1,330 2,350 161 375 36,500 115 5,150 405 2,000 8,300 5,500 315 1,650 137 96 760 4,900 280 96 750 325 1,390 890 160 240 2,900 5,750 2,350 95 710 300 600 132 93 355 270 194 235 50 24,300 480 280 3,925

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

13,600

13,400

16,000

2,565

2,555

2,690

-Oversold

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

17 2 17 19 2 19 19 0 9 12 20 7 17 6 19 21 11 3 26 1 15 20 15 16 6 30 20 6 21 1 19 6 5 1 16 16 15 19 12 N/A 2 19 9 N/A N/A 17 21 18 18 20

7 0 9 4 10 2 9 11 13 3 6 4 7 3 3 1 13 1 14 0 0 4 0 8 0 26 8 17 5 0 7 0 4 12 1 5 5 11 7 12 0 11 3 N/A 1 0 2 0 1 3

0.9 1.2 1.9 1.7 43.5 1.7 1.9 4.2 2.9 1.0 1.5 1.0 0.9 1.0 1.1 1.9 7.0 2.0 1.7 2.7 2.1 1.2 4.7 1.9 1.1 1.1 1.5 1.5 1.6 3.8 2.5 0.6 1.7 2.0 2.2 2.2 1.5 2.8 1.6 1.3 3.1 0.9 1.1 0.0 1.3 1.2 2.4 1.0 1.3 0.7

1.1 1.5 2.4 2.1 35.6 2.1 2.3 3.4 2.4 1.2 1.8 1.3 1.1 1.2 1.4 2.4 5.7 2.5 2.0 3.3 2.5 1.5 5.8 2.3 1.3 1.4 1.9 1.9 1.9 4.7 3.0 0.8 2.1 2.5 2.7 2.7 1.9 3.4 1.9 1.5 3.8 1.0 1.4 0.0 1.5 1.4 2.9 1.2 1.6 0.8

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

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

---

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

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

24,825 405 143 2,075 339 1,340 2,256 136 354 35,788 115 5,106 400 2,013 8,250 5,219 216 1,610 134 92 730 4,950 259 92 748 320 1,340 873 158 235 2,963 5,688 2,381 92 685 309 575 128 90 340 264 180 221 50 24,063 464 271 3,838 14,163 2,697

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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

1.62 1.86 0.35 1.37 1.35 0.23 1.71 0.40 1.11 0.65 0.81 0.17 0.45 0.78 -0.03 0.64 1.19 1.26 1.16 -0.76 0.20 -1.23 0.49 0.87 1.19 1.09 0.76 1.00 0.27 1.48 0.46 0.47 0.24 1.05 0.73 1.10 1.70 1.25 0.73 1.53 1.30 0.45 3.52 1.08 0.04 2.14 2.01 0.53 0.47 0.98

Close 3,575 3,450 2,500 2,100 12,800 5,300 31,950 1,310 250 1,770 116 1,440 540 8,400 740 117 2,375 109 300 97 235 1,210 3,725 810 151 16,450 810 2,850 89 1,570 7,800 630 1,490 210 370 375 2,200 1,880 9,250 197 84 187 530 99 670 580 16,750 11,450 315 540

Support Resistant Momentum 3,525 3,400 2,450 2,025 12,600 4,850 30,150 1,290 245 1,770 116 1,340 530 8,350 0 114 2,350 105 290 68 220 970 3,650 790 150 16,400 660 2,775 0 1,560 7,700 600 1,470 0 360 365 2,125 1,870 9,200 197 80 184 520 98 670 570 16,500 11,000 315 0

3,925 3,850 2,600 2,225 14,350 5,800 34,500 1,400 265 1,890 126 1,440 570 9,300 770 127 2,625 130 340 103 250 1,350 4,000 850 161 18,100 890 3,025 100 1,750 8,200 680 1,630 230 440 410 2,325 2,025 9,600 210 85 196 600 117 710 690 18,850 11,750 335 560

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

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

19 8 20 17 21 17 26 12 8 16 20 17 12 17 22 14 17 10 18 15 16 16 20 5 16 6 9 19 12 5 30 5 19 21 15 16 19 16 7 18 6 16 N/A 11 21 18 19 6 11 5

9 4 0 3 9 2 3 9 3 9 7 18 4 7 10 7 9 3 12 30 1 21 11 0 2 5 12 6 10 0 0 6 17 6 4 4 5 4 3 10 4 7 3 8 16 7 3 10 7 4

1.6 1.8 1.6 1.6 1.8 1.9 1.7 1.3 0.7 0.8 1.2 2.1 1.5 1.5 17.3 1.7 1.5 1.8 1.8 7.0 2.8 6.0 1.2 1.0 1.1 1.2 2.8 1.2 32.2 2.1 1.3 2.5 1.1 8.2 2.2 1.9 1.8 0.7 0.8 1.1 2.0 0.8 1.6 2.4 0.8 2.2 1.5 1.2 1.2 7.5

1.9 2.2 1.9 2.0 2.2 2.3 2.1 1.6 0.9 0.9 1.5 1.7 1.9 1.8 21.2 2.0 1.8 2.2 2.3 5.7 3.5 4.9 1.5 1.2 1.3 1.4 3.4 1.5 39.3 2.6 1.6 3.1 1.3 10.1 2.7 2.3 2.2 0.8 1.0 1.3 1.6 1.0 2.0 2.9 0.9 2.7 1.8 1.0 1.5 9.2

Candlestick Last Trade

Volume

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

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

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

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

3,825 3,988 2,600 2,188 14,438 5,563 33,513 1,380 268 1,880 125 1,350 548 9,525 748 123 2,588 115 328 60 244 895 3,794 830 161 18,688 818 2,994 92 1,783 8,013 638 1,618 224 428 409 2,256 1,975 9,538 213 83 189 568 117 723 680 18,788 11,288 329 553

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

27-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 (%) (%) (%) (%)

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

24,250 400 131 1,840 345 1,240 2,125 153 355 34,350 107 4,725 385 1,890 7,550 4,925 255 1,470 123 88 690 4,550 240 84 720 305 1,220 870 147 210 2,475 5,550 2,125 89 660 260 530 119 84 325 250 176 200 50 23,500 455 250 3,700 13,600 2,565

24,428 -0.73 403 -0.68 136 -3.70 1,918 -4.07 344 0.39 1,260 -1.55 2,188 -2.86 149 2.57 349 1.69 34,626 -0.80 110 -2.63 4,863 -2.83 390 -1.33 1,939 -2.51 7,783 -2.99 4,983 -1.16 240 6.08 1,523 -3.48 129 -4.31 90 -2.32 702 -1.73 4,693 -3.05 244 -1.54 87 -3.93 730 -1.35 311 -2.07 1,271 -4.05 870 -0.05 151 -2.57 220 -4.59 2,659 -6.91 5,606 -1.00 2,222 -4.36 91 -2.33 659 0.11 278 -6.44 545 -2.83 124 -3.98 86 -2.82 332 -2.21 252 -0.81 180 -2.25 205 -2.31 50 0.00 23,507 -0.03 457 -0.43 255 -1.93 3,707 -0.18 13,510 0.67 2,607 -1.64

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 3,450 2,500 2,100 12,800 5,300 31,950 1,310 250 1,770 116 1,440 540 8,400 740 117 2,375 109 300 97 235 1,210 3,725 810 151 16,450 810 2,850 89 1,570 7,800 630 1,490 210 370 375 2,200 1,880 9,250 197 84 187 530 99 670 580 16,750 11,450 315 540

3,681 -2.88 3,711 -3.68 -5.30 -7.14 -4.03 -12.80 60.67 3,645 -5.36 3,659 -5.72 -9.21 -7.38 3.76 14.05 267.02 2,521 -0.82 2,454 1.89 -0.99 0.00 17.65 8.70 60.26 2,102 -0.11 2,033 3.29 -1.18 -1.18 19.32 9.95 135.96 13,496 -5.16 13,620 -6.02 -7.25 -8.90 4.92 16.90 143.81 5,275 0.47 5,148 2.95 -5.36 9.28 8.16 -3.64 12.17 32,221 -0.84 32,386 -1.35 -6.44 -2.59 11.91 38.31 222.73 1,342 -2.36 1,358 -3.50 -2.96 -5.76 -5.07 35.05 162.00 256 -2.37 260 -3.87 -5.66 -1.96 -3.85 -3.85 -21.88 1,813 -2.36 1,831 -3.33 -3.80 -4.84 -8.29 -3.28 96.67 120 -2.97 120 -3.32 -4.13 -5.69 -2.52 -7.94 132.00 1,395 3.21 1,373 4.86 2.86 7.46 11.63 13.39 132.26 540 0.08 534 1.09 0.00 -1.82 1.89 -16.92 -35.71 8,828 -4.85 8,827 -4.84 -6.67 -7.18 -1.18 3.07 154.55 743 -0.45 746 -0.74 1.37 -1.33 1.37 -6.33 -13.95 120 -2.10 122 -3.89 -3.31 -4.88 -5.65 -24.03 58.11 2,471 -3.90 2,493 -4.72 -4.04 -8.65 -8.65 -18.80 7.95 111 -1.48 111 -1.93 -6.84 -1.80 -11.38 -18.66 -2.68 312 -3.74 317 -5.24 -4.76 -9.09 -14.29 -25.00 -54.55 83 17.54 75 29.03 38.57 40.58 36.62 29.33 94.00 235 0.03 231 1.80 0.00 6.82 11.90 11.90 79.39 1,091 10.92 1,039 16.51 21.00 15.24 35.96 23.47 116.07 3,777 -1.38 3,820 -2.48 0.00 -5.70 -5.70 0.68 73.26 818 -0.93 804 0.78 -3.57 -1.22 14.08 3.85 50.00 154 -2.13 153 -1.62 -5.63 -2.58 -3.82 17.97 125.37 17,285 -4.83 17,481 -5.90 -8.10 -7.32 -5.73 7.17 143.70 795 1.94 746 8.58 -2.41 24.62 39.66 42.11 86.21 2,894 -1.52 2,874 -0.83 -2.56 -4.20 4.59 20.00 124.41 91 -2.41 94 -5.11 -1.11 -10.10 -11.00 -21.24 -55.50 1,652 -4.99 1,633 -3.88 -8.19 -4.85 0.64 -4.27 185.45 7,867 -0.85 7,788 0.15 -2.50 1.30 6.12 14.71 109.40 632 -0.27 619 1.73 -3.08 1.61 3.28 3.28 229.84 1,540 -3.28 1,570 -5.09 -5.70 -6.88 -15.82 13.74 41.90 215 -2.25 214 -1.92 -4.55 -6.67 2.44 -2.33 89.19 389 -4.90 393 -5.79 -7.50 -8.64 -11.90 -23.71 68.18 384 -2.47 379 -1.12 -5.06 -3.85 10.29 11.94 78.57 2,211 -0.52 2,166 1.55 -1.12 -3.30 14.58 4.76 107.55 1,907 -1.39 1,891 -0.56 -2.08 -2.59 4.44 0.00 135.00 9,356 -1.13 9,435 -1.96 -2.63 -1.60 0.54 9.47 22.52 204 -3.32 206 -4.14 -3.90 -3.90 -8.37 -17.92 -43.71 84 0.58 84 0.33 0.00 0.00 -1.18 -17.65 52.73 188 -0.38 188 -0.65 0.00 -1.58 0.54 -6.50 103.26 540 -1.89 518 2.37 -5.36 -7.02 107.84 125.53 960.00 106 -6.95 110 -10.38 -10.00 -13.91 -18.85 1.02 -41.76 692 -3.21 701 -4.40 -4.29 -4.29 -4.29 -4.29 47.25 617 -6.00 617 -5.99 -7.94 -10.77 -17.14 -24.68 87.10 17,242 -2.85 17,047 -1.74 -8.72 -5.63 10.56 5.35 148.15 11,382 0.60 11,306 1.28 -1.72 3.62 2.23 9.05 44.03 321 -1.73 323 -2.44 -1.56 -4.55 -1.56 -5.97 43.18 545 -0.91 546 -1.13 -1.82 -1.82 1.89 3.85 80.00

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

24,337 404 137 1,897 344 1,234 2,210 153 336 34,776 110 4,884 390 1,952 7,780 4,868 225 1,508 132 91 693 4,704 236 88 727 319 1,289 869 151 220 2,645 5,615 2,231 92 630 277 546 126 87 337 242 185 204 50 22,918 450 249 3,586 12,800 2,600

-0.36 -1.02 -1.42 1.89 11.75 71.99 -0.97 1.27 -1.23 -5.88 -8.05 45.45 -4.18 -4.38 -5.76 1.55 3.15 79.45 -3.00 -6.60 -6.12 5.75 17.20 109.09 0.38 2.99 -1.43 0.00 -10.39 -8.00 0.45 -5.34 -2.36 6.90 5.08 129.63 -3.85 -2.30 -6.59 -6.59 -14.14 94.95 0.31 6.25 -4.97 -4.97 -32.00 -21.94 5.53 0.00 12.70 24.56 22.41 39.22 -1.23 -4.05 -2.14 3.78 4.25 141.05 -2.60 -2.73 -6.96 3.88 -4.46 114.00 -3.26 -6.44 -5.50 0.53 0.53 52.42 -1.36 -1.28 -2.53 1.32 -4.94 60.42 -3.17 -4.55 -3.57 -5.50 -4.06 162.50 -2.96 -6.79 -3.82 -3.21 2.03 79.76 1.16 -8.80 3.68 13.22 4.23 57.60 13.12 24.39 29.44 24.39 21.43 58.39 -2.50 -1.34 -8.13 -0.68 -15.03 -5.16 -6.94 -7.52 -10.87 18.27 18.27 141.18 -3.57 -1.12 -7.37 -10.20 -15.38 76.00 -0.42 -2.82 1.47 1.47 -6.76 32.69 -3.28 -6.19 -5.21 -0.55 -1.09 109.20 1.80 4.35 11.63 4.35 0.00 25.00 -4.75 -5.62 -10.64 -11.58 -18.45 68.00 -0.94 -2.70 0.00 0.00 2.86 53.19 -4.46 -3.17 -4.69 -12.86 -17.57 -4.69 -5.34 -4.69 -9.63 -5.43 -17.01 130.19 0.10 -1.14 3.57 6.10 20.83 778.79 -2.35 -3.92 -3.29 0.00 23.53 188.24 -4.50 -4.55 -6.67 -2.33 -10.64 62.79 -6.41 -10.81 -11.61 -3.88 -2.94 201.83 -1.16 -0.89 -0.89 0.00 -1.77 265.13 -4.74 -7.61 -8.60 1.19 1.19 325.00 -2.94 -2.20 -1.11 -1.11 -9.18 -28.23 4.72 -2.94 -1.49 22.22 4.76 83.33 -6.09 -8.77 -11.86 1.96 -20.00 50.29 -3.01 -3.64 -5.36 -7.02 -8.62 103.85 -5.82 -4.03 -9.85 -15.60 -32.39 116.36 -3.61 -2.33 -8.70 -5.62 -14.29 68.00 -3.70 -1.52 -2.99 3.17 0.00 86.78 3.36 2.04 0.00 13.64 -16.67 194.12 -4.61 -0.57 -8.33 -14.15 -38.25 155.07 -2.18 -4.76 1.01 -2.44 -20.00 102.02 0.00 0.00 0.00 -3.85 -7.41 0.00 2.54 -2.89 -0.21 25.67 74.72 298.31 1.08 -2.15 2.25 3.41 10.98 111.63 0.43 -5.66 2.04 16.28 19.05 190.70 3.17 -3.27 0.68 24.37 22.31 289.47 6.25 -2.86 -4.56 34.65 32.04 29.52 -1.35 -3.85 -2.59 3.36 5.75 78.83

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

ROC 200D (%)

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 28 January 2010