DAILY WATCH

Monday, May 13, 2024 DEBT RESEARCH

MOST ACTIVE GOVERNMENT BONDS MOST ACTIVE CORPORATE BONDS

Bond Coupon Maturity Last Price Yield Volume (IDR bn) Bond Rating Coupon Maturity Last Price Yield Volume
FR0098 7.125 15-Jun-38 101.88 6.906 1,071.72 MDKA03BCN1 idA+ 7.800 8-Mar-25 101.09 7.72 200.00
FR0100 6.625 15-Feb-34 101.00 6.946 944.22 SMWIKA02ACN2 idA(sy) 6.500 18-Feb-25 97.61 6.66 196.00
FR0097 7.125 15-Jun-43 100.70 6.947 821.89 SMPPGD02CN3 idAAA(sy) 5.800 26-Jun-24 100.12 5.79 148.00
FR0081 6.500 15-Jun-25 99.75 6.757 791.00 ADMF06ACN3 idAAA 6.400 13-May-25 100.03 6.37 100.00
FR0059 7.000 15-May-27 100.30 6.915 704.16 OPPM01ACN1 idA+ 6.500 22-Oct-24 99.30 6.55 90.00
FR0101 6.875 15-Apr-29 99.85 6.913 657.39 WISL02A idA 6.750 18-Aug-24 99.86 6.76 90.00
FR0096 7.000 15-Feb-33 100.55 6.927 477.29 OPPM01B idA+ 9.500 8-Jul-24 100.42 9.46 86.76
FR0064 6.125 15-May-28 97.25 6.934 424.60 BMRI02ACN1 idAAA 7.750 12-May-25 100.80 6.92 75.00
FR0091 6.375 15-Apr-32 96.60 6.937 396.26 SMARMA01 irA- - 24-Nov-25 102.00 - 60.00
PBS032 4.875 15-Jul-26 95.00 6.868 377.07 SMWIKA02ACN1 idA(sy) 8.250 8-Sep-24 100.60 8.20 60.00
*Current yield; Coupon, Last Price & Yield are in %; Volume is in IDR bn; Rating code: id(Pefindo) & idn (Fitch Indonesia)
Sources: Bloomberg; Indonesia Stock Exchange (Volume)

SOVEREIGN BOND YIELDS YIELD OF GOVERNMENT BOND BENCHMARK (%)

Country Tenor Coupon 8-May-24 MA LTM as MA LTM Spread over UST YC (bps)
7.5
(%) of Apr as of Mar 8-May-24 Apr Mar
United States 2yr 4.97 4.97 4.85
7
USD 5yr 4.64 4.64 4.54
10yr 4.37 4.37 4.19
6.5
German 2yr 0.25 2.92 3.03 2.85 -248 -237 -252
EUR 5yr 1.00 2.48 2.62 2.32 -216 -202 -222
10yr 1.75 2.44 2.58 2.30 -193 -179 -189 6

Dec-23

Mar-24
Mar-24
Mar-24
Mar-24
Jan-24
Jan-24
Jan-24
Jan-24
Feb-24
Feb-24
Feb-24
Feb-24
Feb-24

May-24
Apr-24
Apr-24
Apr-24
Apr-24
Indonesia 2yr 4.13 - - - - - -
USD 5yr 3.50 - - - - - -
10yr 3.85 - - - - - -
Brazil 2yr 0.00 10.58 10.78 10.04 518 538 467 FR0101 FR0100 FR0098 FR0097
BRL 3yr 0.00 10.95 11.23 10.40 555 583 503 Source : DJPPR
10yr 10.00 11.50 11.87 11.10 610 647 573 YIELD CURVE MOVEMENT (%)
Philippines 2yr 6.00 6.45 6.56 6.04 105 116 67 YTM (%)
PHP 5yr 7.88 6.69 6.90 6.23 205 226 169 8.0%
10yr 11.38 6.87 6.93 6.24 250 256 205
7.0%
Thailand 2yr 3.13 2.36 2.39 2.16 -305 -301 -321
THB 5yr 3.45 2.55 2.57 2.25 -210 -207 -229 6.0%
10yr 3.63 2.77 2.78 2.54 -160 -159 -165
Yield Curve -1 Month
India 2yr 7.59 7.10 7.14 7.04 170 174 167 5.0%
Yield Curve -1 Week
INR 5yr 7.28 7.15 7.20 7.06 251 256 252
4.0% Yield Curve -1 Year
10yr 8.83 7.14 7.19 7.05 277 282 286
8-May-24
Malaysia 3yr 3.17 3.61 3.63 3.51 -136 -134 -134
3.0%
MYR 5yr 3.26 3.75 3.80 3.60 -89 -84 -94
0 5 10 15 20 25 30
10yr 4.18 3.92 3.99 3.86 -45 -38 -33 Term to Maturity (years)
Sources: Bloomberg (Current Yield Curve), US Treasury Source : Bloomberg

TRADING VOLUME BY MATURITY (IDR TRILLION)

80
Corp Bonds : IDR 1826.7 bn
2.60
Govt Bonds > 15 yrs : IDR 6278.3 bn 70
Govt Bonds 5 - 15 yrs : IDR 13900.9 bn 8.52
60
Govt Bonds < 5 yrs : IDR 27756.8 bn
2.91 4.70 1.83
50
2.12 27.60 2.17 6.03 6.28
2.24 0.88 40
2.45 17.37 1.86 12.28 13.90
20.24 30
11.96 0.99
7.56
20
33.57
27.08 28.02 27.76
21.85 20.81 21.42 10

0
22-Mar-24 28-Mar-24 5-Apr-24 19-Apr-24 26-Apr-24 3-May-24 8-May-24
Sources: Indonesia Stock Exchange

CURRENCY COMMODITY
Price 8-May-24 -1 Day -1 Week -1 Month EoP2023 Price 8-May-24 -1 Day -1 Week -1 Month EoP2023
DXY 105.57  105.41 105.76 104.14 101.33 CPO 3,965  3,960 3,862 4,514 3,662
USD : IDR 16,045  16,049 16,260 15,845 15,397 Coal 146.40  146.40 147.00 128.20 146.40
EUR : USD 1.07  1.08 1.07 1.09 1.10 Gold 2,309  2,314 2,320 2,339 2,063
JPY : USD 155.44  154.69 154.57 151.82 141.04 Nickel 19,086  19,086 18,731 17,690 16,435
USD : CNY 7.227  7.219 7.241 7.231 7.100 Copper 453.25  462.55 455.25 427.60 389.05
USD : SGD 4.746  4.739 4.773 4.753 4.594 Brent 82.09  83.31 85.11 92.16 77.60
SGD : IDR 11,833  11,862 11,913 11,775 11,677 Metal 2,308.92  2,314.10 2,319.56 2,339.03 2,062.98
Source : Bloomberg

PHEI FAIR SPREAD 1Y 2Y 3Y 4Y 5Y 6Y 7Y 8Y 9Y 10Y# SBN HOLDING - (IDR tn) 03-May-2024 WoW MtD YTD
AAA 63 69 64 65 69 73 76 77 78 79 Banks 1,377.6 3.0 (29.5) (117.6)
AA+* 77 90 87 92 101 112 120 127 131 134 Bank Indonesia (exclude repo) 1,260.2 0.3 36.3 164.7
AA 99 120 120 127 142 156 169 179 185 190 Non-Banks: 3,119.4 17.2 13.7 70.9
AA-* 134 165 170 180 196 212 225 235 242 246 Mutual Fund 179.1 0.7 0.8 1.3
A+* 180 222 231 244 260 275 287 296 302 306
Insurance & Pension Fund 1,080.4 9.9 4.1 39.0
A 233 282 295 309 326 342 354 362 368 371
Foreign Investor 792.1 (2.7) 2.2 (50.0)
A-* 289 338 353 370 389 407 422 432 439 443
Individual 484.9 3.3 1.9 49.6
BBB+* 345 392 407 426 449 472 491 505 514 521
BBB 403 445 458 479 508 536 560 579 592 600 Others 578.2 1.3 0.0 26.2
Total 5,757.2 20.5 20.5 118.0
*interpolated, as of May 12, 2024 (bps)
Domestic Investor 3,704.9 22.9 (18.0) 3.2
Foreign Investor 792.1 (2.7) 2.2 (50.0)
Bank Indonesia (include repo) 1,409.0 (0.1) (0.1) 45.1
Sources : PHEI, Bloomberg Source : DJPPR (Processed)
Debt Research - PT. BRI Danareksa Sekuritas
Gedung BRI II Lt.23 Jl. Jenderal Sudirman Kav.44-46 Jakarta 10210 - Indonesia 1/2
 DAILY WATCH
Monday, May 13, 2024 DEBT RESEARCH

VALUATIONS OF GOVERNMENT BONDS

Modified Fair Yield Fair Price Last Trade
Bond Issue Date Mature Date Coupon TTM YTM (Change) Prev Closing Price
Duration Range Range Date Price Vol (IDR bn) Freq

FR0044 19-Apr-07 15-Sep-24 10.00 0.4 0.34 6.16  -13.6bps 101.24 5.855 5.906 101.39 101.40 8-May-24 101.26 72.00 4
FR0081 1-Aug-19 15-Jun-25 6.50 1.1 1.02 6.76  -1.5bps 99.73 6.814 6.866 99.61 99.66 8-May-24 99.75 791.00 250
FR0040 21-Sep-06 15-Sep-25 11.00 1.4 1.24 6.69  -0.7bps 105.41 6.342 6.393 105.86 105.93 8-May-24 105.20 13.82 26
FR0084 4-May-20 15-Feb-26 7.25 1.8 1.62 6.79  -1.3bps 100.74 6.505 6.557 101.13 101.21 8-May-24 100.89 38.20 4
FR0086 13-Aug-20 15-Apr-26 5.50 1.9 1.80 6.66  -4.1bps 97.94 6.676 6.727 97.80 97.89 8-May-24 96.00 44.27 61
FR0037 18-May-06 15-Sep-26 12.00 2.4 2.03 6.82  -5.4bps 111.00 6.639 6.690 111.37 111.49 22-Apr-24 111.68 40.00 4
FR0056 23-Sep-10 15-Sep-26 8.38 2.4 2.09 6.89  -0.1bps 103.14 6.890 6.942 103.05 103.16 8-May-24 103.17 198.95 28
FR0090 8-Jul-21 15-Apr-27 5.13 2.9 2.66 6.81  -7.6bps 95.59 6.801 6.853 95.47 95.60 8-May-24 96.25 79.82 32
FR0059 15-Sep-11 15-May-27 7.00 3.0 2.59 6.92  0.0bps 100.23 6.897 6.948 100.14 100.27 8-May-24 100.30 704.16 66
FR0042 25-Jan-07 15-Jul-27 10.25 3.2 2.65 6.93  -0.3bps 109.28 6.812 6.864 109.53 109.68 8-May-24 112.80 0.01 5
FR0094 4-Mar-22 15-Jan-28 5.60 3.7 3.21 6.83  0.0bps 96.07 6.712 6.764 96.25 96.41 16-Oct-23 95.70 0.53 1
FR0047 30-Aug-07 15-Feb-28 10.00 3.8 3.09 6.89  -3.3bps 110.11 6.764 6.815 110.42 110.60 3-May-24 110.02 15.00 4
FR0064 13-Aug-12 15-May-28 6.13 4.0 3.39 6.93  -1.2bps 97.21 6.912 6.963 97.10 97.28 8-May-24 97.25 424.60 81
FR0095 19-Aug-22 15-Aug-28 6.38 4.3 3.62 6.90  -2.1bps 98.07 6.893 6.944 97.91 98.10 8-May-24 98.30 346.31 53
FR0099 27-Jan-23 15-Jan-29 6.40 4.7 3.90 6.81  4.9bps 98.36 6.635 6.687 98.85 99.05 25-Sep-23 99.77 139.50 19
FR0071 12-Sep-13 15-Mar-29 9.00 4.9 3.90 6.86  0.0bps 108.68 6.881 6.933 108.38 108.60 8-May-24 108.40 12.20 5
FR0101 2-Nov-23 15-Apr-29 6.88 4.9 4.11 6.91  2.7bps 99.83 6.902 6.954 99.67 99.88 8-May-24 99.85 657.39 65
FR0078 27-Sep-18 15-May-29 8.25 5.0 3.95 6.92  -14.7bps 105.56 6.916 6.967 105.35 105.58 8-May-24 105.54 55.99 14
FR0052 20-Aug-09 15-Aug-30 10.50 6.3 4.64 6.83  -0.1bps 118.42 6.816 6.867 118.24 118.53 7-May-24 118.25 0.03 1
FR0082 1-Aug-19 15-Sep-30 7.00 6.4 5.02 6.89  1.6bps 100.57 6.892 6.944 100.27 100.53 8-May-24 101.75 232.02 34
FR0087 13-Aug-20 15-Feb-31 6.50 6.8 5.31 6.89  1.8bps 97.92 6.911 6.962 97.52 97.79 8-May-24 97.85 182.90 40
FR0085 4-May-20 15-Apr-31 7.75 6.9 5.32 6.93  -2.1bps 104.46 6.813 6.865 104.81 105.10 8-May-24 104.00 30.00 4
FR0073 6-Aug-15 15-May-31 8.75 7.0 5.09 6.97  1.8bps 109.72 6.915 6.967 109.77 110.07 8-May-24 109.75 100.00 7
FR0054 22-Jul-10 15-Jul-31 9.50 7.2 5.18 6.95  -4.3bps 114.19 6.689 6.741 115.50 115.82 8-May-24 113.80 0.00 2
FR0091 8-Jul-21 15-Apr-32 6.38 7.9 6.08 6.94  0.4bps 96.61 6.907 6.958 96.48 96.79 8-May-24 96.60 396.26 134
FR0058 21-Jul-11 15-Jun-32 8.25 8.1 5.77 6.98  -0.6bps 107.77 6.855 6.906 108.22 108.56 8-May-24 109.55 0.05 1
FR0074 10-Nov-16 15-Aug-32 7.50 8.3 6.03 6.98  1.4bps 103.21 6.918 6.970 103.27 103.60 8-May-24 103.36 98.40 15
FR0096 19-Aug-22 15-Feb-33 7.00 8.8 6.38 6.93  2.2bps 100.46 6.913 6.965 100.21 100.55 8-May-24 100.55 477.29 74
FR0065 30-Aug-12 15-May-33 6.63 9.0 6.47 6.91  -0.5bps 98.09 6.885 6.937 97.93 98.27 8-May-24 97.00 11.97 28
FR0100 25-Aug-23 15-Feb-34 6.63 9.8 6.96 6.95  4.4bps 97.74 6.925 6.976 97.53 97.88 8-May-24 101.00 944.22 215
FR0068 1-Aug-13 15-Mar-34 8.38 9.9 6.74 6.95  3.7bps 110.03 6.919 6.971 109.88 110.26 8-May-24 110.35 83.22 21
FR0080 4-Jul-19 15-Jun-35 7.50 11.1 7.33 6.98  -1.8bps 103.96 6.946 6.998 103.82 104.23 8-May-24 105.35 77.44 20
FR0072 9-Jul-15 15-May-36 8.25 12.0 7.51 7.02  -0.3bps 109.91 6.985 7.037 109.73 110.17 8-May-24 109.70 201.91 26
FR0088 7-Jan-21 15-Jun-36 6.25 12.1 8.08 6.85  0.0bps 95.13 6.852 6.904 94.69 95.09 8-May-24 96.80 5.75 20
FR0045 24-May-07 15-May-37 9.75 13.0 7.64 6.96  0.0bps 123.60 6.861 6.913 124.09 124.60 7-Mar-24 125.15 4.00 4
FR0093 6-Jan-22 15-Jul-37 6.38 13.2 8.51 6.96  -2.1bps 94.96 6.840 6.891 95.56 95.99 8-May-24 97.50 14.70 23
FR0075 10-Aug-17 15-May-38 7.50 14.0 8.43 6.99  -1.1bps 104.49 6.988 7.040 104.05 104.52 8-May-24 104.65 105.97 22
FR0098 15-Sep-22 15-Jun-38 7.13 14.1 8.63 6.91  0.0bps 101.94 6.961 7.013 100.98 101.45 8-May-24 101.88 1,071.72 51
FR0050 24-Jan-08 15-Jul-38 10.50 14.2 8.00 7.06  15.3bps 130.47 6.858 6.909 132.12 132.69 2-May-24 128.30 0.32 1
FR0079 7-Jan-19 15-Apr-39 8.38 14.9 8.78 7.10  0.0bps 111.60 6.993 7.045 112.16 112.67 8-May-24 111.60 219.37 34
FR0083 7-Nov-19 15-Apr-40 7.50 15.9 9.33 7.02  -1.4bps 104.51 7.008 7.059 104.17 104.67 8-May-24 106.00 48.48 47
FR0057 21-Apr-11 15-May-41 9.50 17.0 8.96 6.97  -0.1bps 124.97 6.895 6.947 125.26 125.86 2-May-24 121.70 0.47 2
FR0062 9-Feb-12 15-Apr-42 6.38 17.9 10.29 6.99  6.4bps 93.73 7.052 7.103 92.67 93.16 8-May-24 95.85 3.34 7
FR0092 8-Jul-21 15-Jun-42 7.13 18.1 9.87 7.00  -16.1bps 101.31 7.003 7.055 100.70 101.23 8-May-24 101.80 48.93 29
FR0097 19-Aug-22 15-Jun-43 7.13 19.1 10.16 6.95  0.7bps 101.86 6.959 7.011 101.18 101.73 8-May-24 100.70 821.89 63
FR0067 18-Jul-13 15-Feb-44 8.75 19.8 9.95 7.10  17.3bps 117.40 6.866 6.917 119.57 120.20 6-May-24 117.75 5.00 1
FR0076 22-Sep-17 15-May-48 7.38 24.0 11.05 7.02  -11.0bps 104.12 6.994 7.045 103.79 104.40 8-May-24 103.00 10.85 24
FR0089 7-Jan-21 15-Aug-51 6.88 27.3 11.95 7.00  0.2bps 98.45 6.986 7.037 98.03 98.64 8-May-24 97.50 32.91 82
ORI020 27-Oct-21 15-Oct-24 4.95 0.4 - 6.64  3.3bps 99.31 6.494 6.546 99.32 99.34 8-May-24 99.00 4.11 17
ORI021 23-Feb-22 15-Feb-25 4.90 0.8 - 6.14  3.3bps 99.09 6.134 6.185 99.04 99.08 8-May-24 100.00 26.18 48
ORI022 26-Oct-22 15-Oct-25 5.95 1.4 - 6.64  3.3bps 99.08 6.572 6.624 99.08 99.15 8-May-24 99.35 17.58 19
IFR0007 21-Jan-10 15-Jan-25 10.25 0.7 0.64 6.64  2.3bps 102.31 6.523 6.575 102.41 102.44 27-Jan-22 115.88 30.00 3
PBS036 25-Aug-22 15-Aug-25 5.38 1.3 1.19 6.66  0.5bps 98.46 6.719 6.771 98.31 98.38 8-May-24 100.00 121.77 95
PBS017 11-Jan-18 15-Oct-25 6.13 1.4 1.35 6.61  -0.5bps 99.34 6.514 6.565 99.40 99.47 8-May-24 99.05 50.00 1
PBS032 29-Jul-21 15-Jul-26 4.88 2.2 2.00 6.87  7.4bps 96.04 6.804 6.855 96.03 96.13 8-May-24 95.00 377.07 83
PBS021 5-Dec-18 15-Nov-26 8.50 2.5 2.17 6.57  8.8bps 104.39 6.623 6.674 104.17 104.29 7-May-24 103.41 1.00 1
PBS003 2-Feb-12 15-Jan-27 6.00 2.7 2.40 6.56  6.6bps 98.64 6.507 6.559 98.63 98.76 8-May-24 97.50 1.73 20
PBS020 22-Oct-18 15-Oct-27 9.00 3.4 2.93 6.80  22.2bps 106.60 6.687 6.738 106.83 106.99 24-Jul-19 107.12 1,200.00 2
PBS018 4-Jun-18 15-May-28 7.63 4.0 3.31 6.69  11.9bps 103.25 6.628 6.680 103.28 103.47 3-Sep-19 99.29 2,000.00 2
PBS030 4-Jun-21 15-Jul-28 5.88 4.2 3.58 6.65  0.0bps 97.23 6.656 6.708 96.99 97.17 8-May-24 96.65 0.50 1
PBSG001 22-Sep-22 15-Sep-29 6.63 5.4 4.40 6.85  15.2bps 98.98 6.636 6.688 99.71 99.94 6-May-24 99.95 170.11 11
PBS023 15-May-19 15-May-30 6.63 6.0 4.74 6.72  11.0bps 106.85 6.645 6.697 99.65 99.90 18-Mar-24 108.70 0.50 1
PBS012 28-Jan-16 15-Nov-31 8.88 7.5 5.38 6.67  8.6bps 112.86 6.584 6.636 113.09 113.41 7-May-24 113.03 44.00 3
PBS024 28-May-19 15-May-32 8.38 8.0 5.70 6.71  7.8bps 110.22 6.624 6.675 110.42 110.76 20-Dec-22 94.07 15.00 22
PBS025 29-May-19 15-May-33 8.38 9.0 6.21 6.74  6.2bps 110.88 6.658 6.710 111.13 111.50 1-Apr-24 112.90 0.10 1
PBS029 14-Jan-21 15-Mar-34 6.38 9.9 7.13 6.64  0.2bps 98.08 6.592 6.644 98.07 98.43 8-May-24 93.50 9.56 15
PBS022 24-Jan-19 15-Apr-34 8.63 9.9 6.81 6.78  4.9bps 113.14 6.710 6.761 113.32 113.72 26-Apr-24 112.50 4.50 1
IFR0010 3-Mar-11 15-Feb-36 10.00 11.8 7.33 6.72  3.3bps 126.37 6.647 6.699 126.57 127.06 3-Apr-24 129.25 20.00 1
PBS037 12-Jan-23 15-Mar-36 6.88 11.9 7.96 6.75  6.0bps 100.99 6.660 6.712 101.31 101.73 8-May-24 100.00 1.27 12
PBS004 16-Feb-12 15-Feb-37 6.10 12.8 8.53 6.68  2.6bps 95.05 6.632 6.684 95.03 95.45 8-May-24 91.00 8.08 27
PBS034 13-Jan-22 15-Jun-39 6.50 15.1 9.22 6.72  1.1bps 97.98 6.673 6.724 97.88 98.36 8-May-24 95.25 6.20 3
PBS007 29-Sep-14 15-Sep-40 9.00 16.4 9.13 6.83  -0.5bps 121.15 6.789 6.841 121.04 121.62 15-Mar-24 121.75 2.70 1
PBS035 30-Mar-22 15-Mar-42 6.75 17.9 10.15 6.84  0.0bps 99.05 6.818 6.869 98.77 99.29 24-Nov-22 97.05 2.04 1
PBS005 2-May-13 15-Apr-43 6.75 18.9 10.53 6.80  0.3bps 99.42 6.740 6.791 99.56 100.10 7-May-24 98.50 0.50 1
PBS028 23-Jul-20 15-Oct-46 7.75 22.4 11.02 6.92  3.2bps 109.41 6.832 6.884 109.82 110.45 8-May-24 109.00 2.82 2
PBS033 13-Jan-22 15-Jun-47 6.75 23.1 11.27 6.83  -0.4bps 99.09 6.797 6.849 98.85 99.44 8-May-24 97.75 3.14 41
PBS015 21-Jul-17 15-Jul-47 8.00 23.2 10.94 6.88  7.9bps 112.86 6.723 6.774 114.22 114.88 8-May-24 112.07 67.60 4
PBS038 7-Dec-23 15-Dec-49 6.88 25.6 11.55 7.01  4.0bps 98.38 6.897 6.949 99.11 99.72 8-May-24 99.50 47.10 139
SR015 22-Sep-21 10-Sep-24 5.10 0.3 - 6.14  7.0bps 99.67 5.980 6.032 99.69 99.71 8-May-24 98.60 11.40 76
SR016 23-Mar-22 10-Mar-25 4.95 0.8 - 6.30  -6.5bps 98.92 6.442 6.493 98.74 98.78 8-May-24 99.80 10.16 32
SR017 21-Sep-22 10-Sep-25 5.90 1.3 - 6.70  0.0bps 98.98 6.541 6.592 99.11 99.18 8-May-24 98.30 30.31 53
*Val: Valuation based on ENSS Yield Curve; MDur (Modified Duration) is in year; Coupon, Price, & Yield are in % Source : Bloomberg,PT BRI Danareksa Sekuritas, IDX (Last Trade)

Analysts : Laras Nerpatari & Eka Nuraini

Disclaimer: The information contained in this report has been taken from sources which we deem reliable. However, none of P.T. BRI Danareksa Sekuritas and/or its affiliated companies and/or their respective employees and/or agents makes any representation or warranty (express or implied) or accepts any responsibility or liability as to,
or in relation to, the accuracy orcompleteness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied) of P.T. BRI Danareksa
Sekuritas, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action , suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of
the contents of this report and neither P.T. BRI Danareksa Sekuritas, its affiliated companies or their respective employees or agents accepts liability for any errors, omissions or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission therefrom which might otherwise
arise is hereby expresses disclaimed. The information contained in this report is not be taken as any recommendation made by P.T. BRI Danareksa Sekuritas or any other person to enter into any agreement with regard to any investment mentioned in this document. 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.
Debt Research - PT. BRI Danareksa Sekuritas
Gedung BRI II Lt.23 Jl. Jenderal Sudirman Kav.44-46 Jakarta 10210 - Indonesia 2/2
 DAILY TECHNICAL ANALYSIS
Monday, May 13, 2024 DEBT RESEARCH .

PRICE INDEX YIELD INDEX

133.07 133.14 7.093

132.81 7.062
7.034 7.057 7.037
132.52 132.38 132.32
132.00 131.96 6.951 6.958 6.963 6.952
131.82 131.76 6.921
24-Apr 25-Apr 26-Apr 29-Apr 30-Apr 2-May 3-May 6-May 7-May 8-May 24-Apr 25-Apr 26-Apr 29-Apr 30-Apr 2-May 3-May 6-May 7-May 8-May
TECHNICAL ANALYSIS

FR0101

INDICATORS 8-May-24 -1 Day Change

Bollinger Band SMA(20 Days) Last Price : FR0101 Last Trade
Last Price 99.83 99.95 (0.11) 103.0
DI+ 29.85 29.30 0.55
DI- 54.14 54.70 (0.56) 102.0
ADX (15D) 26.27 24.99 1.28
101.0
A/D -26,134.61 -24,491.93 (1,642.68)
CMF(20D) -0.514 -0.473 (0.04) 100.0
CCI -6.83 -3.87 (2.95)
99.0
Volume (IDR bn) 657.39 1,150.95 (493.56)
Frequency 65 87 (22) 98.0
19-Feb-24 4-Mar-24 18-Mar-24 1-Apr-24 15-Apr-24 29-Apr-24

100.0
COMMENT DI+ DI- ADX (15D)

Price declined; moderate trade volume; upward trend continues

to strengthen; selling pressure increased; CCI declined. 0.0
SELL 1.5 100,000
1.0 CMF (20D) AD (RHS)
0.5
FEATURES 0.0 0
-0.5
-1.0
-1.5 -100,000
Issue Date 2-Nov-23
Mature Date 15-Apr-29 200
CCI (20D) 100
Tenor 4.9 0
Coupon Rate 6.88 -100
-200
Last Yield 6.91 -300
Modified Duration 4.11
20,000 2,000
Previous Coupon Date 15-Apr-24 Volume (IDR bn) Frequency (RHS)
Next Coupon Date 15-Oct-24

Sources: Bloomberg (Price); IDX 0 0

FR0100

INDICATORS 8-May-24 -1 Day Change Bollinger Band SMA(20 Days) Last Price : FR0100 Last Trade
Last Price 97.74 98.04 (0.30) 102.0
DI+ 42.54 45.02 (2.47) 101.0
DI- 39.91 36.42 3.49 100.0
ADX (15D) 35.59 37.90 (2.31)
99.0
A/D -24,316.42 -21,462.54 (2,853.88)
98.0
CMF(20D) -0.405 -0.352 (0.05)
5.69 16.59 (10.90) 97.0
CCI
Volume (IDR bn) 944.22 1,774.01 (829.79) 96.0
Frequency 215 240 (25) 95.0
26-Jan-24 9-Feb-24 23-Feb-24 8-Mar-24 22-Mar-24 5-Apr-24 19-Apr-24 3-May-24

100.0
DI+ DI- ADX (15D)
COMMENT

Price declined; heavy trade volume; downward trend continues

to weaken; selling pressure increased; CCI declined. 0.0

SELL 1.0 100,000

CMF (20D) AD (RHS)
0.5
0.0 0
FEATURES
-0.5
-1.0 -100,000
Issue Date 24-Aug-23
300
Mature Date 15-Feb-34 CCI (20D)
150
Tenor 9.8 0
Coupon Rate 6.63 -150
Last Yield 6.95 -300
Modified Duration 6.96 20,000 5,000
Volume (IDR bn) Frequency (RHS)
Previous Coupon Date 15-Feb-24
Next Coupon Date 15-Aug-24

Sources: Bloomberg (Price); IDX 0 0

Debt Research - PT. BRI Danareksa Sekuritas

BRI II lt.23 Jl. Jend Sudirman Kav.44-46 Jakarta 10210 - Indonesia 1/2
Telp. (021) 50914100 http://www.bridanareksasekuritas.co.id/
 DAILY TECHNICAL ANALYSIS
Monday, May 13, 2024 DEBT RESEARCH .

FR0097

INDICATORS 8-May-24 -1 Day Change

Last Price 101.86 101.93 (0.08) Bollinger Band SMA(20 Days) Last Price : FR0097 Last Trade
106.0
DI+ 43.03 40.87 2.16
DI- 42.06 37.58 4.48 104.0
ADX (15D) 14.51 18.79 (4.28)
1,207.51 1,200.82 6.69 102.0
A/D
CMF(20D) 0.074 0.073 0.00 100.0
CCI 58.67 73.45 (14.78)
Volume (IDR bn) 821.89 742.61 79.28 98.0
Frequency 63 99 (36)
96.0
12-Feb-24 26-Feb-24 11-Mar-24 25-Mar-24 8-Apr-24 22-Apr-24 6-May-24

COMMENT 100.0
DI+ DI- ADX (15D)

Price declined; heavy trade volume; downward trend continues to

weaken; buying pressure increased; CCI declined.
0.0
SELL 2.0 20,000
CMF (20D) AD (RHS)

FEATURES 0.0 0

Issue Date 19-Aug-22 -2.0 -20,000

Mature Date 15-Jun-43 350
CCI (20D)
Tenor 19.1
0
Coupon Rate 7.13
Last Yield 6.95 -350
Modified Duration 10.16
Previous Coupon Date 15-Dec-23 5,000 1,000
Volume (IDR bn) Frequency (RHS)
Next Coupon Date 15-Jun-24

Sources: Bloomberg (Price); IDX 0 0

FR0098

INDICATORS 8-May-24 -1 Day Change

Last Price 101.94 101.94 0.00 Bollinger Band SMA(20 Days) Last Price : FR0098 Last Trade
DI+ 45.70 46.83 (1.13) 106.0
DI- 30.34 31.10 (0.75) 104.0
ADX (15D) 32.07 32.91 (0.85)
102.0
A/D 59.91 549.58 (489.68)
0.003 0.027 (0.02) 100.0
CMF(20D)
CCI 63.85 61.37 2.48 98.0
Volume (IDR bn) 1,071.72 2,710.31 (1,638.59)
96.0
Frequency 51 117 (66)
94.0
12-Feb-24 26-Feb-24 11-Mar-24 25-Mar-24 8-Apr-24 22-Apr-24 6-May-24

COMMENT 100.0
DI+ DI- ADX (15D)
Price increased slightly; heavy trade volume; downward trend
continues to weaken; buying pressure eased; CCI increased.
0.0
HOLD 1.0 50,000
CMF (20D) AD (RHS)
FEATURES 0.0 0

Issue Date 15-Sep-22 -1.0 -50,000

Mature Date 15-Jun-38 400
CCI (20D)
Tenor (year) 14.1
Coupon Rate 7.13 0
Last Yield 6.91
-400
Modified Duration 8.63
Previous Coupon Date 15-Dec-23 5,000 1,000
Volume (IDR bn) Frequency (RHS)
Next Coupon Date 15-Jun-24

Sources: Bloomberg (Price); IDX

0 0

Analysts: Laras Nerpatari & Eka Nuraini

DISCLAIMER: The information contained in this report has been taken from sources which we deem reliable. However, none of P.T. BRI Danareksa Sekuritas and/or its affiliated companies and/or their respective employees and/or agents makes any representation or warranty (express or
implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof.
We expressly disclaim any responsibility or liability (express or implied) of P.T. BRI Danareksa Sekuritas, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action , suits, losses, expenses,
damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither P.T. BRI Danareksa Sekuritas, its affiliated companies or their respective employees or agents accepts liability for any
errors, omissions or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expresses disclaimed. The information contained in this report is not be taken as any
recommendation made by P.T. BRI Danareksa Sekuritas or any other person to enter into any agreement with regard to any investment mentioned in this document. 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.

Debt Research - PT. BRI Danareksa Sekuritas

BRI II lt.23 Jl. Jend Sudirman Kav.44-46 Jakarta 10210 - Indonesia 2/2
Telp. (021) 50914100 http://www.bridanareksasekuritas.co.id/