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PT. BALI SECURITIES

Market Update

Daily Investment Guide

4-Jan-10

IHSG

4-Jan-10

2,575.41 Up 41.057 (1.62%) 2,534.36 2,533.95 2,532.896 - 2,576.0559 1,244.87 - 2,576.0559

Change: Prev Close: Open: Day's Range: 52wk Range: 4-Jan-10

10,654.79

Nikkei 225

Up 108.35 (1.03%) 10,546.44 10,609.34 10,608.14 - 10,694.49 7,021.28 - 10,767.00

Change: Prev Close: Open: Day's Range: 52wk Range: 4-Jan-10

10,583.96 Up 155.91 (1.50%) 10,428.05 10,430.69 10,430.69 - 10,604.97 6,440.08 - 10,641.60

IDX Index List

Previous Close Change 2,534.36 2,575.41 41.06 1,753.09 1,805.03 51.94 2,203.48 2,256.17 52.69 2.30 273.93 276.24 601.47 612.00 10.53 4.40 671.31 675.71 146.80 145.81 -0.99 6.00 728.53 734.52 7.87 301.42 309.29 2.66 275.76 278.42 5.61 529.02 534.63 9.63 498.29 507.91 6.22 417.18 423.41 723.93 736.26 12.33 3.41 373.43 376.84 612.45 623.31 10.86 4.66 235.75 240.41 1.56 207.78 209.34 3.07 146.37 149.44

10 Most Active Stocks

Stock BUMI BMRI INCO TINS ANTM COWL TOTL BBCA AKRA BBRI

Previous 2,425 4,700 3,650 2,000 2,200 350 186 4,850 1,170 7,650

Daily Trading Summary

Buy/Sell

Buy

4-Jan-10

US Major DJIA Nasdaq S&P 500

Volume Value Sell Volume Value Foreign BUY Net Value

Close Change 2,425 0 4,925 225 3,875 225 2,125 125 2,300 100 365 15 187 1 5,050 200 1,220 50 7,800 150 Foreign Investor 231,544,500 751,204,592,500 132,629,800 360,857,316,000

4-Jan-10

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

% 1.62 2.96 2.39 0.84 1.75 0.66 -0.67 0.82 2.61 0.96 1.06 1.93 1.49 1.70 0.91 1.77 1.97 0.75 2.09

4-Jan-10

down up up up up up up up up up

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

Rating 2.80 2.67 1.73 3.00 2.14 2.67 1.70 3.00 2.11 3.00 2.57 1.30 1.50 1.80 2.75 1.64

3,277.14

21,823.28 17,577.25 10,654.79 3,230.15 2,894.55 1,696.14 8,207.85

% Change Up 7.100 (0.15%) Up 14.539 (0.45%) Down 49.22 (0.23%) Up 112.44 (0.64%) Up 108.35 (1.03%) Up 9.234 (0.29%) Down 3.07 (0.11%) Up 13.37 (0.79%) Up 19.74 (0.24%)

Rating: 1.0=buy 2.0=outperform Recommendation update 30-Dec-09 Hold 30-Dec-09 Hold 30-Dec-09 Outperform 30-Dec-09 Hold 30-Dec-09 Outperform 30-Dec-09 Hold 30-Dec-09 Outperform 30-Dec-09 Hold 30-Dec-09 Outperform 30-Dec-09 Hold 30-Dec-09 Hold 29-Dec-09 Buy 30-Dec-09 Buy 30-Dec-09 Outperform 30-Dec-09 Hold 30-Dec-09 Outperform

Europe ATX BEL-20 CAC 40 DAX AEX General OSE All Share Madrid General Stockholm General FTSE 100

% Change Close 2,537.00 Up 41.44 (1.66%) 2,470.55 Down 38.93 (1.55%) 4,013.97 Up 77.64 (1.97%) 6,048.30 Up 90.87 (1.53%) 312.88 Down 2.55 (0.81%) Up 9.42 (2.24%) 429.51 1,262.36 Up 20.64 (1.66%) Up 4.53 (1.51%) 304.03 5,500.34 Up 87.46 (1.62%)

4-Jan-10 Commodity US Coal Index OIL Nymex (Feb) Gold (Jan)

Close 355.73 81.60 1,117.70

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

% Change Up 21.21 (6.34%) Up 0.09 (0.11%) Up 22.50 (2.05%)

3.0=hold 4.0=underperform Rating Recommendation 1.65 Outperform 2.75 Hold 2.07 Outperform 1.45 Buy 2.31 Outperform 2.44 Outperform 1.75 Outperform 2.47 Outperform 2.50 Outperform 1.67 Outperform 2.06 Outperform 1.14 Buy 2.00 Outperform 2.10 Outperform 3.25 Hold 1.67 Outperform

5.0=sell update 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09 30-Dec-09

Daily Investment Guide and Market Analysis Indeks kemarin menguat 41 point dengan volume yang masih kecil ke level 2.575, atau naik 1.62%. Kenaikan terutama terjadi di sector agriculture, mining dan finance. Ketiga sector ini memang akan mendapat sentiment yang lebih baik di tahun 2010 sehingga kemungkinan besar saham-saham sektor ini akan menguat di tahun 2010. Sementara itu dari bursa Amerika dan bursa Eropa telah menyentuh level tertingginya selama 15 bulan ini. Investor sampai saat ini masih optimis akan prospek bursa saham dan perkembangan ekonomi di tingkat global termasuk dalam negeri. Angka inflasi dalam negeri sangat rendah, angka ekspor sangat memungkinkan untuk naik, investasi di sektor riil di dalam negeri akan dipacu lebih tinggi dari tahun lalu dengan tingkat suku bunga yang rendah.

% 0.00 4.79 6.16 6.25 4.55 4.29 0.54 4.12 4.27 Selected News 1.96

4-Jan-10 Domestic Investor 1,733,052,863 1,615,788,240,250 1,831,967,563 2,006,135,516,750 Rp390,347,276,500

Close 4,889.80

% Change Close 10,583.96 Up 155.91 (1.50%) 2,308.42 Up 39.27 (1.73%) 1,132.99 Up 17.89 (1.60%)

10,583.96 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 All Ordinaries Shanghai Composite Hang Seng BSE 30 Nikkei 225 NZSE 50 Straits Times Seoul Composite Taiwan Weighted

5-Jan-10

4-Jan-10

Posisi inflasi kumulatif untuk 2009 di level 2,78, merupakan posisi terendah dalam 10 tahun terakhir. Demikian disampaikan Kepala Badan Pusat Statistik (BPS) Rusman Heriawan di kantornya, Senin (4/1). Gemilangnya pencapaian inflasi di bawah 3%, Rusman menyatakan, disebabkan oleh pemulihan ekonomi dan dalam negeri. "Karena faktor eksternal mendukung penurunan permintaan, sehingga harga tidak bergejolak," ujarnya. Sumber: inilah.com


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

Value 1,354.51 537.94 289.34 3,350.51

Change 23.74 13.32 5.96 76.51

Open 1,353.34 533.53 286.79 3,313.12

4-Jan-10 Energy

Price

BRENT CRUDE FUTR (USD/bbl.) 80.12 GAS OIL FUT (ICE) (USD/MT) 659.75 GASOLINE RBOB FUT (USd/gal.) 211.24 HEATING OIL FUTR (USd/gal.) 219.43 NATURAL GAS FUTR (USD/MMBtu) 5.85 WTI CRUDE FUTURE (USD/bbl.) 81.70

Change 2.19 18.25 0.80 0.38 -0.04 0.19

% Change 2.81 2.84 0.38 0.17 -0.66 0.23

Metals

Price

COPPER FUTURE (USd/lb.) 340.80 GOLD 100 OZ FUTR (USD/t oz.)1,121.70 SILVER FUTURE (USD/t oz.) 17.64

Change

% Change 0.06 0.30 0.98

0.06 0.30 0.98

Sumber: Bloomberg

Where Foreign Money Flows No.

Stock

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

BMRI PNLF BNBR ANTM DOID INDF BBCA MEDC PGAS SMCB BDMN INCO BBRI LPKR UNTR SMGR UNVR AKRA ASII INKP ISAT TINS SMRA PTBA AALI ITMG BBNI JPFA GGRM INVS

ForeignSell (shares) 2,821,000 7,911,500 250,000 967,500 1,072,000 162,500 624,500 5,000 2,274,000 151,000 10,000 175,000 373,500 123,500 793,000 325,500 20,000 5,851,000 1,435,500 10,000 765,500 1,270,000 950,000 202,500 40,500 416,500 59,500 4,000 39,000 4,500

4-Jan-10 ForeignBuy (shares) 28,619,000 19,161,500 9,061,500 9,644,000 9,486,500 7,081,500 5,610,500 4,838,000 6,940,000 4,699,500 4,339,000 4,130,500 3,965,500 2,418,500 3,087,500 1,970,500 953,000 6,724,000 2,175,000 483,000 1,210,500 1,615,000 1,252,500 415,500 194,000 528,000 150,500 73,500 108,500 47,500

Net Buy (shares)

No.

Stock

25,798,000 11,250,000 8,811,500 8,676,500 8,414,500 6,919,000 4,986,000 4,833,000 4,666,000 4,548,500 4,329,000 3,955,500 3,592,000 2,295,000 2,294,500 1,645,000 933,000 873,000 739,500 473,000 445,000 345,000 302,500 213,000 153,500 111,500 91,000 69,500 69,500 43,000

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

HEXA AKRA SMRA BBCA NIKL ADRO TLKM BTPN ITMG JSMR RALS MASA PGAS PNLF MEDC SMCB INDF BUMI ASII BMRI ASGR UNTR INTP RINA INTP INDY GGRM LSIP KLBF TLKM

ForeignSell (shares) 182,000 3,650,000 1,300,000 368,000 150,000 628,000 2,169,500 1,000,000 1,000 680,000 2,055,000 3,076,500 1,390,000 9,100,000 100,000 276,500 2,399,000 3,158,500 36,000 170,000 100,000 58,300 1,191,000 5,000 199,500 100,000 157,500 437,500 810,000 6,110,000

ForeignBuy (shares)

Net Buy (shares)

200,000 18,000 3,650,000 0 1,300,000 0 368,000 0 150,000 0 628,000 0 2,169,500 0 1,000,000 0 1,000 0 680,000 0 2,055,000 0 3,076,500 0 1,390,000 0 9,100,000 0 100,000 0 276,500 0 2,399,000 0 3,158,500 0 36,000 0 170,000 0 100,000 0 58,000 -300 1,189,500 -1,500 2,500 -2,500 194,500 -5,000 74,500 -25,500 107,500 -50,000 70,500 -367,000 350,000 -460,000 4,375,500 -1,734,500

No.

Stock

ForeignSell ForeignBuy(shar (shares) es)

Net Buy (shares)

61 62 63 64 65 66 67

ADRO BUMI MIRA BNGA TOTL CTRP BWPT

8,460,500 19,950,500 4,777,000 3,768,500 5,182,500 5,981,500 9,200,000

-1,983,500 -2,400,500 -3,277,000 -3,468,500 -4,932,500 -5,731,500 -9,150,000

6,477,000 17,550,000 1,500,000 300,000 250,000 250,000 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

4-Jan-10 Projection Os cillator

50

50

IHSG

2600

2550

2600

P

P

2550

P

PP

P

2500

P

2450

O

P

2400

P P

2350

O

O

O

2500

O

P

P

O

O

2450

O

O O

2400

O 2350

O

2300

2300

2250

2250

15000

15000

10000

10000

5000

5000

x 1000000

27

x 1000000

3 Augus t

10

18

24

31 7 Septem ber

14

28

5 October

12

19

26

2 9 Novem ber

16

23

30 7 Decem ber

14

21

28

4 2010

11

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 22,750 410 134 1,730 360 1,170 2,200 165 315 34,700 105 4,850 375 1,980 7,650 4,550 199 1,350 153 97 650 4,700 210 85 710 330 1,330 880 147 220 2,425 5,650 2,250 100 485 245 510 136 87 355 193 193 200 50 21,550 425 230 3,150 10,400 2,534

18

4-Jan-10 High

Low

23,850 410 142 1,750 355 1,250 2,300 166 330 35,500 106 5,050 390 2,025 7,850 4,625 192 1,360 153 99 660 4,925 210 87 710 330 1,330 880 145 215 2,450 5,750 2,250 101 490 245 510 137 88 360 198 197 205 50 22,750 435 235 3,150 10,550 2,576

22,550 405 134 1,730 350 1,170 2,200 161 315 34,650 103 4,825 375 1,980 7,650 4,525 190 1,340 145 95 630 4,725 205 84 700 325 1,290 860 142 215 2,375 5,650 2,175 96 480 235 500 132 86 350 193 192 198 50 21,400 425 230 3,100 10,400 2,533

Previous 22,750 410 134 1,730 360 1,170 2,200 165 315 34,700 105 4,850 375 1,980 7,650 4,550 199 1,350 153 97 650 4,700 210 85 710 330 1,330 880 147 220 2,425 5,650 2,250 100 485 245 510 136 87 355 193 193 200 50 21,550 425 230 3,150 10,400 2,534

Close 23,850 410 142 1,750 350 1,220 2,300 164 320 35,300 105 5,050 385 1,990 7,800 4,625 192 1,350 151 96 640 4,925 210 86 710 325 1,300 870 142 215 2,425 5,750 2,200 100 490 245 510 134 87 360 195 193 205 50 21,800 435 235 3,125 10,450

2,575

% Change

4.84 0.00 5.97 1.16 -2.78 4.27 4.55 -0.61 1.59 1.73 0.00 4.12 2.67 0.51 1.96 1.65 -3.52 0.00 -1.31 -1.03 -1.54 4.79 0.00 1.18 0.00 -1.52 -2.26 -1.14 -3.40 -2.27 0.00 1.77 -2.22 0.00 1.03 0.00 0.00 -1.47 0.00 1.41 1.04 0.00 2.50 0.00 1.16 2.35 2.17 -0.79 0.48 1.62

Volume

No.

959,500 645,000 20,006,500 26,001,500 15,000 31,557,000 33,279,500 100,000 6,943,000 2,867,500 8,462,000 15,562,500 6,388,500 8,193,500 11,372,000 10,422,500 73,000 6,319,500 40,486,500 17,129,000 4,636,500 52,215,000 2,057,000 232,202,496 3,819,500 1,051,500 3,543,000 8,202,000 120,748,496 50,000 115,003,000 115,000 1,236,500 856,500 8,606,000 9,107,500 1,579,500 48,098,000 1,847,000 12,141,500 154,260,992 65,171,500 171,500 1,761,000 353,000 3,178,000 7,569,500 604,000 25,000 1,964,999,936

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 3,650 3,550 2,225 1,740 13,700 4,725 31,800 1,400 265 1,810 119 1,300 510 8,350 750 125 2,450 110 350 59 210 880 3,900 760 140 17,250 620 2,700 100 1,550 7,550 600 1,640 205 375 340 2,000 1,800 9,450 210 83 186 530 115 730 580 15,500 11,050 325 560

High

Low

3,875 3,700 2,225 1,800 14,000 4,725 32,250 1,410 270 1,860 121 1,320 510 8,500 770 125 2,575 113 360 61 210 950 3,950 760 154 17,800 660 2,875 102 1,600 7,650 590 1,640 210 380 355 2,125 1,800 9,600 220 85 191 530 120 720 600 15,850 11,100 330 550

3,650 3,525 2,150 1,650 13,600 4,650 31,750 1,390 260 1,810 117 1,300 500 8,300 750 120 2,450 107 340 59 205 900 3,900 760 140 17,250 620 2,700 96 1,540 7,500 570 1,600 205 360 345 1,980 1,780 9,450 210 82 186 500 115 710 580 15,500 11,050 325 550

Previous 3,650 3,550 2,225 1,740 13,700 4,725 31,800 1,400 265 1,810 119 1,300 510 8,350 750 125 2,450 110 350 59 210 880 3,900 760 140 17,250 620 2,700 100 1,550 7,550 600 1,640 205 375 340 2,000 1,800 9,450 210 83 186 530 115 730 580 15,500 11,050 325 560

Close 3,875 3,675 2,225 1,800 13,850 4,700 32,050 1,400 260 1,850 118 1,320 510 8,500 750 120 2,575 112 350 60 210 910 3,950 760 150 17,800 660 2,825 102 1,600 7,600 570 1,600 210 370 350 2,125 1,790 9,550 220 84 187 520 116 720 590 15,700 11,050 330 550

% Change 6.16 3.52 0.00 3.45 1.09 -0.53 0.79 0.00 -1.89 2.21 -0.84 1.54 0.00 1.80 0.00 -4.00 5.10 1.82 0.00 1.69 0.00 3.41 1.28 0.00 7.14 3.19 6.45 4.63 2.00 3.23 0.66 -5.00 -2.44 2.44 -1.33 2.94 6.25 -0.56 1.06 4.76 1.20 0.54 -1.89 0.87 -1.37 1.72 1.29 0.00 1.54 -1.79

Volume 41,084,500 13,221,000 1,520,500 3,302,500 1,531,000 2,599,000 1,226,500 560,000 94,000 6,962,500 5,810,500 9,071,500 8,997,500 1,154,000 551,500 5,855,500 10,319,500 228,000 46,274,000 1,348,000 2,612,000 93,500 18,124,500 154,500 41,782,000 2,286,500 1,042,500 4,414,000 18,000 19,978,500 3,979,000 2,006,500 5,088,000 338,500 299,500 4,215,500 39,437,000 33,000 8,964,000 61,000 1,825,500 45,450,000 13,548,500 7,079,000 100,500 30,087,000 5,284,000 1,190,500 2,233,000 31,000

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Technical Analysis Data and Today Recommendation 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

1.15 0.53 1.24 0.93 -0.09 0.02 2.00 1.08 0.38 0.73 0.76 1.37 0.71 0.77 1.02 0.77 -3.28 0.08 1.87 0.94 0.61 0.96 0.53 1.93 0.94 0.80 0.98 0.46 0.91 -0.48 2.28 -0.07 0.48 0.78 1.48 0.67 0.87 1.70 0.57 0.28 2.57 1.31 0.92 0.06 0.57 0.78 1.39 1.41 0.06 1.00

Close

Support Resistant Momentum

23,850 410 142 1,750 350 1,220 2,300 164 320 35,300 105 5,050 385 1,990 7,800 4,625 192 1,350 151 96 640 4,925 210 86 710 325 1,300 870 142 215 2,425 5,750 2,200 100 490 245 510 134 87 360 195 193 205 50 21,800 435 235 3,125

22,200 400 129 1,650 0 1,010 2,050 151 285 33,500 100 4,625 365 1,880 7,300 4,300 190 1,320 104 84 630 4,375 200 78 690 325 1,150 820 135 0 2,050 5,550 2,100 86 480 235 490 113 83 335 177 182 190 50 19,700 420 210 2,875

24,350 420 159 1,760 360 1,250 2,300 168 330 35,600 114 5,050 390 2,025 7,850 4,625 205 1,470 159 102 680 4,925 230 92 730 360 1,350 900 148 220 2,525 5,750 2,400 101 540 255 580 140 93 360 215 205 205 51 22,750 440 235 3,175

10,450

10,100

10,550

2,575

2,415

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

-2,576 Overbought

5-Jan-10

Last Buy Last Sell Forecast Forecast (days ago) (days ago) %Up %Down

0 1 0 2 7 2 2 2 8 1 3 1 0 2 2 4 15 N/A 9 2 13 3 12 12 4 13 3 1 4 1 2 9 12 2 17 25 12 2 2 15 2 2 0 N/A N/A 0 4 1 1 3

7 9 2 6 10 9 15 14 14 2 5 6 10 9 10 6 6 25 10 11 9 8 9 10 1 9 15 0 9 8 10 12 14 7 10 22 9 21 10 21 22 N/A 8 23 N/A 8 5 5 5 6

2.0 0.9 3.5 0.8 8.4 3.1 2.1 1.8 2.7 1.2 1.6 1.5 1.4 1.3 1.3 1.2 1.2 1.2 4.3 3.1 1.5 1.7 1.4 2.3 0.9 0.7 1.4 1.5 1.3 2.2 2.5 0.9 1.4 2.9 1.0 1.5 1.3 3.1 1.3 1.5 2.6 1.7 1.3 0.0 2.3 1.4 1.8 1.6 0.8 0.7

1.6 0.7 2.8 0.6 6.9 2.6 1.7 1.5 2.2 1.0 1.3 1.2 1.1 1.1 1.1 1.0 1.5 1.4 3.5 2.6 1.8 1.4 1.7 1.9 1.1 0.9 1.7 1.8 1.6 1.8 2.0 0.7 1.7 2.4 1.3 1.8 1.6 2.5 1.6 1.2 2.1 1.4 1.1 0.0 1.9 1.1 1.5 1.3 0.6 0.6

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

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

Rally with Volume Rally with Volume

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

21,950 401 130 1,685 343 988 2,019 155 290 33,288 105 4,450 363 1,928 7,338 4,313 206 1,410 128 87 673 4,200 214 84 715 353 1,263 883 146 208 2,219 5,513 2,281 82 498 248 530 117 87 329 188 189 189 50 18,913 420 208 2,913 10,088 2,417

page 4 of 7


Technical Analysis Data and Today Recommendation (cont'd) 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

1.89 0.99 0.80 0.65 1.80 0.64 1.26 0.34 1.53 0.93 0.75 -0.07 0.34 1.02 0.52 -0.13 0.62 1.03 1.65 1.49 1.50 -1.56 1.37 0.64 1.37 0.95 0.62 1.42 -1.96 0.92 0.42 1.13 0.56 0.23 -0.01 0.08 1.66 -1.76 1.30 6.75 1.03 0.30 1.01 2.41 0.53 1.57 1.24 1.42 0.31 0.78

Close 3,875 3,675 2,225 1,800 13,850 4,700 32,050 1,400 260 1,850 118 1,320 510 8,500 750 120 2,575 112 350 60 210 910 3,950 760 150 17,800 660 2,825 102 1,600 7,600 570 1,600 210 370 350 2,125 1,790 9,550 220 84 187 520 116 720 590 15,700 11,050 330 550

Support Resistant Momentum 3,275 3,250 2,000 1,650 12,000 4,500 29,500 1,350 250 1,790 114 1,280 490 7,900 0 120 2,350 106 290 58 198 880 3,625 700 140 16,900 580 2,500 0 1,440 7,250 540 1,570 200 360 335 1,760 0 9,400 197 79 184 300 111 700 520 14,900 10,600 315 490

3,875 3,700 2,225 1,800 14,000 4,875 32,300 1,440 290 1,900 121 1,330 520 8,550 770 141 2,575 116 360 66 230 990 4,025 760 156 17,850 660 2,875 106 1,600 7,650 600 1,690 210 415 370 2,125 1,810 10,350 220 88 191 560 138 730 630 15,950 11,400 340 560

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

5-Jan-10

Last Buy Last Sell Forecast Forecast (days (days ago) %Up %Down ago)

2 16 3 0 4 0 9 7 5 16 3 0 N/A 0 5 11 0 0 1 18 8 16 3 8 18 2 8 2 5 1 13 2 2 4 N/A 16 2 1 4 1 0 4 20 10 4 1 2 4 0 3

11 21 18 2 5 25 13 20 3 10 15 1 N/A 6 6 6 12 10 21 13 5 4 8 28 7 11 14 6 8 8 14 11 0 7 21 6 14 0 3 5 9 3 N/A 7 5 21 5 2 5 6

2.2 2.4 1.9 2.2 1.7 0.9 1.3 1.0 2.4 1.1 1.1 0.8 1.2 1.3 6.1 2.1 2.2 2.7 3.8 2.0 1.6 3.4 1.2 0.8 2.6 1.5 2.4 2.8 4.5 1.5 1.1 1.7 1.2 1.3 2.0 1.8 2.5 0.9 1.0 2.0 2.4 0.9 5.1 2.4 1.1 2.3 1.1 0.9 1.3 1.4

1.8 1.9 1.5 1.8 1.4 0.7 1.1 0.8 2.9 0.9 1.4 0.6 1.5 1.1 5.0 2.6 1.8 2.2 3.1 2.4 1.3 2.8 1.0 0.6 2.2 1.3 1.9 2.3 3.7 1.2 0.9 2.1 1.4 1.1 2.5 1.5 2.0 1.2 1.2 1.6 2.0 0.8 4.2 2.9 1.3 1.9 0.9 1.1 1.0 1.2

Candlestick Last Trade

Volume

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

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 ---Rally with Volume -----

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

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

3,175 3,269 2,031 1,685 12,438 4,656 30,488 1,378 274 1,820 118 1,285 513 7,975 740 131 2,331 108 278 60 213 925 3,719 730 143 16,638 580 2,469 98 1,425 7,425 583 1,675 198 403 340 1,623 1,800 9,775 183 80 187 270 118 725 528 15,125 11,013 319 523

page 5 of 7


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

4-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

23,850 410 142 1,750 350 1,220 2,300 164 320 35,300 105 5,050 385 1,990 7,800 4,625 192 1,350 151 96 640 4,925 210 86 710 325 1,300 870 142 215 2,425 5,750 2,200 100 490 245 510 134 87 360 195 193 205 50 21,800 435 235 3,125 10,450 2,575

23,139 407 136 1,727 346 1,140 2,212 162 306 34,342 105 4,816 377 1,974 7,655 4,502 197 1,388 138 94 656 4,654 214 87 713 337 1,297 869 145 214 2,394 5,640 2,212 93 497 247 521 131 87 345 198 195 200 50 20,569 431 224 3,031 10,299 2,514

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

3,875 3,675 2,225 1,800 13,850 4,700 32,050 1,400 260 1,850 118 1,320 510 8,500 750 120 2,575 112 350 60 210 910 3,950 760 150 17,800 660 2,825 102 1,600 7,600 570 1,600 210 370 350 2,125 1,790 9,550 220 84 187 520 116 720 590 15,700 11,050 330 550

3,631 6.72 3,641 6.42 14.81 6.90 1.31 3,487 5.41 3,404 7.96 8.89 11.36 18.55 2,160 3.03 2,153 3.32 7.23 7.23 2.30 1,755 2.57 1,747 3.02 2.27 2.86 5.88 13,201 4.92 12,786 8.32 7.36 10.80 19.40 4,717 -0.37 4,791 -1.89 2.17 -3.09 -8.74 31,153 2.88 30,303 5.77 6.13 8.64 24.95 1,390 0.72 1,387 0.91 1.45 2.19 4.48 265 -1.70 267 -2.63 -8.77 -3.70 -5.45 1,842 0.45 1,857 -0.40 0.54 -1.60 0.00 118 -0.34 119 -1.10 1.72 0.00 -8.53 1,302 1.37 1,297 1.79 0.76 3.94 2.33 513 -0.60 522 -2.33 0.00 -1.92 -17.74 8,309 2.30 8,271 2.77 6.92 -0.58 9.68 745 0.65 741 1.15 0.00 2.74 4.17 124 -3.48 126 -4.97 -3.23 -6.25 -8.40 2,486 3.58 2,522 2.11 5.10 5.10 -1.90 112 0.40 115 -2.27 4.67 -0.89 -13.85 329 6.35 336 4.09 14.75 6.06 -4.11 61 -2.13 65 -7.34 0.00 -9.09 -22.08 210 0.00 211 -0.67 0.00 2.44 7.14 906 0.41 900 1.07 -2.15 1.11 3.41 3,885 1.68 3,877 1.87 5.33 -1.25 8.97 745 2.06 741 2.61 1.33 7.04 -5.00 147 1.90 148 1.36 1.35 -3.85 0.00 17,313 2.81 17,116 4.00 5.01 3.49 22.34 624 5.72 610 8.26 8.20 15.79 8.20 2,682 5.34 2,631 7.39 8.65 9.71 16.49 100 2.02 99 2.69 2.00 3.03 -4.67 1,540 3.93 1,547 3.44 5.96 2.56 -0.62 7,511 1.18 7,445 2.08 0.66 1.33 6.29 581 -1.90 587 -2.95 0.00 -3.39 -9.52 1,642 -2.53 1,658 -3.48 -1.84 -1.23 6.67 205 2.29 204 2.77 2.44 2.44 2.44 387 -4.41 402 -7.97 -5.13 -10.84 -15.91 345 1.31 343 2.10 1.45 1.45 7.69 1,942 9.42 1,927 10.28 16.76 11.84 8.97 1,786 0.21 1,767 1.29 0.56 -1.11 -0.56 9,556 -0.06 9,471 0.83 -1.55 0.53 9.14 207 6.53 206 6.94 10.00 0.00 4.76 83 1.32 84 -0.33 2.44 -1.18 0.00 187 -0.09 189 -1.20 -0.53 0.00 -5.56 423 22.95 360 44.35 60.00 70.49 153.66 118 -2.11 122 -4.82 0.00 -11.45 46.84 721 -0.17 716 0.56 1.41 1.41 1.41 589 0.25 628 -6.03 7.27 -13.24 -22.37 15,407 1.90 15,356 2.24 2.95 3.29 0.96 11,068 -0.16 11,128 -0.70 0.45 -1.34 5.74 325 1.68 324 1.99 4.76 1.54 4.76 541 1.69 538 2.19 3.77 3.77 1.85

93.75 322.41 44.48 104.55 229.76 9.94 230.41 237.35 52.94 101.09 136.00 106.25 -38.55 172.00 25.00 135.29 28.75 31.76 -16.67 20.00 82.61 71.70 111.23 68.89 163.16 150.70 40.43 147.81 -44.86 201.89 118.71 249.69 52.38 172.73 85.93 80.41 102.38 138.67 51.59 -6.38 68.00 125.30 940.00 -69.47 67.44 87.30 193.46 38.99 53.49 74.60

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

3.07 0.65 4.40 1.35 1.04 6.98 3.99 1.39 4.62 2.79 0.25 4.86 2.01 0.79 1.90 2.74 -2.45 -2.75 9.10 2.41 -2.37 5.82 -1.71 -0.86 -0.41 -3.47 0.27 0.13 -1.75 0.26 1.30 1.95 -0.55 7.11 -1.43 -1.00 -2.13 2.11 -0.33 4.43 -1.48 -0.83 2.38 -0.53 5.99 0.91 4.80 3.09 1.47 2.45

23,182 409 134 1,724 345 1,142 2,235 163 299 33,992 105 4,793 379 1,976 7,669 4,473 197 1,438 127 94 663 4,628 221 90 712 342 1,301 861 146 216 2,440 5,593 2,168 93 510 254 539 138 88 336 212 206 203 51 19,769 435 220 2,988 10,272 2,501

2.88 0.17 6.24 1.51 1.57 6.80 2.91 0.52 7.02 3.85 0.29 5.37 1.62 0.71 1.71 3.40 -2.45 -6.11 18.46 1.62 -3.45 6.42 -4.98 -4.61 -0.29 -5.04 -0.04 1.08 -2.55 -0.41 -0.63 2.81 1.49 8.01 -3.96 -3.52 -5.45 -3.00 -1.47 7.27 -8.06 -6.17 0.77 -1.97 10.27 0.11 6.63 4.58 1.74 2.99

7.43 2.50 -7.79 2.34 1.45 14.02 9.52 4.46 6.67 3.52 1.94 8.02 4.05 3.65 4.00 5.11 -1.54 -3.57 7.86 10.34 -1.54 10.06 2.44 1.18 -2.74 -4.41 6.56 1.16 -2.07 2.38 6.59 1.77 -2.22 13.64 0.00 2.08 0.00 11.67 2.35 5.88 6.56 2.66 3.02 0.00 7.65 1.16 6.82 7.76 2.45 4.37

-0.21 0.00 6.77 0.57 14.75 5.17 2.22 0.61 12.28 3.98 2.94 4.12 1.32 -0.50 0.00 4.52 -6.34 -8.16 45.19 1.05 -5.88 5.35 -6.67 -7.53 0.00 -7.14 1.56 -1.14 -2.74 -2.27 0.00 4.55 3.53 9.89 -5.77 -2.00 -10.53 -2.90 -1.14 4.35 -9.30 -3.02 0.00 -1.96 5.06 -2.25 9.30 0.00 0.97 2.75

7.67 -3.53 13.60 2.34 -2.78 1.67 1.10 -1.20 14.29 7.95 -0.94 6.32 0.00 1.02 4.70 3.93 -3.52 -22.86 60.64 -1.03 -8.57 4.79 -2.33 -5.49 4.41 -12.16 -6.47 12.99 10.08 -6.52 -1.02 4.55 1.15 4.17 -14.04 -14.04 -19.05 -17.79 -1.14 16.13 -31.58 -32.28 -4.65 -9.09 27.11 -5.43 6.82 7.76 1.95 6.12

13.84 -7.87 10.08 25.00 -13.58 7.02 -8.00 -33.06 10.34 8.12 -13.93 0.00 -6.10 -5.24 1.30 -6.09 -23.20 -32.16 25.83 -20.66 -22.89 2.07 -31.15 -32.81 1.43 -16.67 -13.33 33.85 2.16 -10.42 -21.14 -0.86 37.50 -10.71 -32.88 -30.00 -3.77 -34.63 -12.12 2.86 -45.07 -47.84 2.50 -10.71 50.34 2.35 11.90 8.70 2.45 3.85

86.33 54.72 132.79 130.26 -9.09 110.34 98.28 15.49 48.84 220.91 110.00 96.12 97.44 184.29 98.73 76.19 38.13 -31.12 202.00 92.00 29.29 173.61 56.72 72.00 75.31 12.07 150.00 987.50 184.00 72.00 203.13 379.17 383.52 -26.47 48.48 78.83 108.16 135.09 74.00 162.77 150.00 175.71 225.40 0.00 323.30 135.14 193.75 311.18

5.56 99.74

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

-6.06 25.64 -10.10 0.00 20.43 -14.55 33.26 55.56 -8.77 1.09 -10.61 0.76 -23.88 11.11 -9.64 -26.38 -20.77 -41.36 -23.91 -30.23 -25.00 -14.15 6.04 -11.63 4.17 25.35 0.00 36.14 -17.07 16.79 20.63 -6.56 35.59 -4.55 -31.48 2.94 -2.30 -1.65 11.70 -13.73 -31.71 -10.95 108.00 -5.69 9.09 -30.59 3.29 1.38 -5.71 1.85

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 5 January 2010  

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