DAILY TECHNICAL ANALYSIS FRIDAY, DECEMBER 04, 2015 D E B T RESEARCH . PRICE INDEX 120.19 119.98 120.10 120.37 120.58 120.63 120.60 20-Nov 23-Nov 24-Nov 25-Nov 26-Nov 27-Nov 30-Nov TECHNICAL ANALYSIS 120.92 1-Dec 121.40 2-Dec YIELD INDEX 8.684 8.711 121.23 3-Dec 8.692 8.653 8.627 8.618 8.626 20-Nov 23-Nov 24-Nov 25-Nov 26-Nov 27-Nov 30-Nov 8.587 1-Dec 8.526 8.550 2-Dec 3-Dec FR0069 INDICATORS Last Price DI+ DIADX (15D) A/D CMF(20D) CCI Volume (IDR bn) Frequency 3-Dec-15 98.52 29.80 28.06 12.25 4,545.51 0.245 83.59 428.42 13 -1 Day 98.75 32.86 22.88 12.91 5,568.23 0.289 149.55 2,000.75 21 Change (0.23) (3.06) 5.18 (0.66) (1,022.72) (0.04) (65.96) (1,572.34) (8) Bollinger Band SMA(20 Days) Last Price : FR0069 Last Trade 101.0 100.0 99.0 98.0 97.0 96.0 95.0 8-Sep-15 COMMENT 22-Sep-15 DI+ 7-Oct-15 DI- 22-Oct-15 5-Nov-15 19-Nov-15 ADX (15D) 94.0 3-Dec-15 75.0 50.0 Price declined; moderate trade volume; upward trend continues to weaken; buying pressure eased; CCI declined. 25.0 0.0 SELL 1.0 FEATURES 0.0 Issue Date Mature Date Tenor Coupon Rate Last Yield Modified Duration Previous Coupon Date Next Coupon Date -1.0 29-Aug-13 15-Apr-19 3.4 7.88 8.38 2.87 15-Oct-15 15-Apr-16 Sources: Bloomberg (Price); IDX 15,000 5,000 CMF (20D) -5,000 -15,000 200 100 0 -100 -200 CCI (20D) 5,000 AD (RHS) Volume (IDR bn) 100 Frequency (RHS) 2,500 50 0 0 FR0070 INDICATORS Last Price DI+ DIADX (15D) A/D CMF(20D) CCI Volume (IDR bn) Frequency 3-Dec-15 99.54 37.95 26.37 10.80 9,616.98 0.426 158.42 558.19 35 -1 Day 99.73 39.38 27.37 10.29 11,495.48 0.491 199.21 950.58 40 Change (0.19) (1.43) (1.00) 0.51 (1,878.50) (0.07) (40.78) (392.39) (5) Bollinger Band 8-Sep-15 COMMENT SMA(20 Days) 22-Sep-15 DI+ 7-Oct-15 DI- 22-Oct-15 ADX (15D) Price declined; moderate trade volume; upward trend continues to strengthen; buying pressure eased; CCI declined. Last Price : FR0070 5-Nov-15 19-Nov-15 Last Trade 102 101 100 99 98 97 96 95 94 93 92 91 3-Dec-15 80.0 60.0 40.0 20.0 0.0 HOLD 1.5 FEATURES 0.5 0 -0.5 -20,000 Issue Date Mature Date Tenor Coupon Rate Last Yield Modified Duration Previous Coupon Date Next Coupon Date Sources: Bloomberg (Price); IDX Bloomberg Ticker : DFMJ 29-Aug-13 15-Mar-24 8.3 8.375 8.45 5.78 15-Sep-15 15-Mar-16 CMF (20D) AD (RHS) 300 200 100 0 -100 -200 CCI (20D) 5,000 Volume (IDR bn) 20,000 Frequency (RHS) 2,500 0 Debt Research - PT. Danareksa Sekuritas Jl. Medan Merdeka Selatan 14 Jakarta 10110 - Indonesia Telp. (6221) 350 9888 Fax. (6221) 350 1709 http://www.danareksa.com 200 150 100 50 0 1/2 DAILY TECHNICAL ANALYSIS FRIDAY, DECEMBER 04, 2015 D E B T RESEARCH . FR0071 INDICATORS Last Price DI+ DIADX (15D) A/D CMF(20D) CCI Volume (IDR bn) Frequency 3-Dec-15 103.26 44.78 19.56 22.89 7,932.27 0.508 133.77 322.32 31 -1 Day 103.44 46.28 20.22 21.72 8,409.02 0.540 148.94 173.53 32 Change (0.18) (1.50) (0.66) 1.17 (476.75) (0.03) (15.17) 148.79 (1) Bollinger Band SMA(20 Days) Last Price : FR0071 Last Trade 106.0 104.0 102.0 100.0 98.0 96.0 94.0 8-Sep-15 COMMENT 22-Sep-15 DI+ 7-Oct-15 DI- 22-Oct-15 5-Nov-15 19-Nov-15 ADX (15D) 92.0 3-Dec-15 75.0 50.0 Price declined; moderate trade volume; upward trend continues to strengthen; buying pressure eased; CCI declined. 25.0 0.0 HOLD 1.0 FEATURES 0.0 Issue Date Mature Date Tenor Coupon Rate Last Yield Modified Duration Previous Coupon Date Next Coupon Date 12-Sep-13 15-Mar-29 13.3 9.00 8.58 7.62 15-Sep-15 15-Mar-16 Sources: Bloomberg (Price); IDX CMF (20D) 10,000 AD (RHS) 0 -1.0 -10,000 200 100 0 -100 -200 CCI (20D) 2,000 Volume (IDR bn) Frequency (RHS) 1,000 200 100 0 0 FR0068 INDICATORS Last Price DI+ DIADX (15D) A/D CMF(20D) CCI Volume (IDR bn) Frequency 3-Dec-15 96.91 44.11 19.98 21.98 4,289.65 0.315 113.94 590.37 46 -1 Day 97.16 47.03 21.30 20.86 4,816.79 0.361 130.76 572.00 78 Change (0.24) (2.91) (1.32) 1.12 (527.15) (0.05) (16.82) 18.38 (32) Bollinger Band Last Price : FR0068 Last Trade 101 99 97 95 93 91 89 87 8-Sep-15 COMMENT SMA(20 Days) 22-Sep-15 DI+ 7-Oct-15 DI- 22-Oct-15 5-Nov-15 ADX (15D) 19-Nov-15 85 3-Dec-15 75.0 50.0 Price declined; moderate trade volume; upward trend continues to strengthen; buying pressure eased; CCI declined. 25.0 0.0 HOLD 1.0 FEATURES Issue Date Mature Date Tenor (year) Coupon Rate Last Yield Modified Duration Previous Coupon Date Next Coupon Date CMF (20D) 16,000 AD (RHS) 0.0 1-Aug-13 15-Mar-34 18.3 8.38 8.71 8.97 15-Sep-15 15-Mar-16 Sources: Bloomberg (Price); IDX 0 -1.0 -16,000 200 100 0 -100 -200 CCI (20D) 3,000 2,000 1,000 0 Volume (IDR bn) Frequency (RHS) 150 50 -50 Analysts: Rifki Rizal (3404) & Amir A. 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This report is prepared for general circulation. It does not have regards to the specific person who may receive this report. In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice. Bloomberg Ticker : DFMJ Debt Research - PT. Danareksa Sekuritas Jl. Medan Merdeka Selatan 14 Jakarta 10110 - Indonesia Telp. (6221) 350 9888 Fax. (6221) 350 1709 http://www.danareksa.com 2/2