Reksa Dana Syariah Syailendra ETF Sharia Gold Exchange Traded Fund · IDX:XSGO

Reksa Dana Syariah Syailendra ETF Sharia Gold Exchange Traded Fund — PT Syailendra Capital — Debt Investor Presentation (January 2019)

15 slides from Reksa Dana Syariah Syailendra ETF Sharia Gold Exchange Traded Fund's debt investor presentation, January 2019

  1. Slide 1: Monthly Bulletin January 2019

    Preferred Investment Partner Monthly Bulletin January 2019 What’s Inside Indonesia Sejak Akhir Nov-18, Rupiah mengalami Fixed Income Market Yield 10YR selama 2018 8.03% atau penguatan sehingga selama periode meningkat 1.7% dari awal tahun. Hal ini 2018 Indonesia hanya terkena 5.75% dipengaruhi oleh

  2. Slide 2: Section 01: Macro Update

    Section 01 Macro Update 2

  3. Slide 3: The Fed's New Dot Plot and Fed Minutes Dec-18

    The Fed’s New Dot Plot and Fed Minutes Dec-19 2 from 3 Hikes in 2019, More Dovish Tone Coming from FOMC Projection comparison between Sep 2018 and Dec 2018 In % 5 Sep-18 Dec-18 4 3 % 2 Median Sep-18 Dec-18 2018 2.375 2.375 2019 3.125 2.875 1 2020 3.375 3.125 2021 3.375 3.125 Long Term 3.25 2.75 0 20

  4. Slide 4: Potential Modest Trade Deal Between US-China

    Potential Modest Trade Deal Between US-China Waiting until the 01 March 2019 for deal deadline Estimated global GDP loss and tariff revenue Percent of GDP Source: IMF, Macquarie Chart diatas merupakan estimasi dampak atas worst case scenario (no-deal scenario) terhadap global GDP. Namun, kami menden

  5. Slide 5: Section 02: Fixed Income Update

    Section 02 Fixed Income Update 5

  6. Slide 6: Auction Opens with Solid Demand

    Auction Opens with Solid Demand Slightly higher offshore demands for conventional gov’t bonds 1st Auction Result on Conventional Gov’t Bonds 1st Auction Result on SBSN As of 3-Jan-2019 As of 8-Jan-2019 3M 1Y Bio IDR FR77 FR78 FR68 FR79 Bio IDR 6M SPNS PBS014 PBS019 PBS021 PBS022 SPN SPN Total 7,075

  7. Slide 7: Fixed Income Update – SBN & SBSN Ownership

    Fixed Income Udpate – SBN & SBSN Ownership Local Demand still dominate in beginning of the year Net New Ownership of SUN Net New Ownership of SBSN Based on ownership change YTD, in IDR tr Based on ownership change YTD, in IDR tr 200 60 174 49 50 150 40 100 86 30 25 60 24 51 50 35 39 20 16 22 13 11 1

  8. Slide 8: Strategy fixed income for 2019

    Strategy fixed income for 2019 Importance of timing Expectation Related to Indonesia Bonds 10y Yield and Ownership of Foreign & Banks In points of argument Numbers in % Foreign Banks IDR 10y (RHS) Arguments for Fixed Income Market 45% 10 Sentimen negatif dari eksternal, seperti perang 40% 9 dagang d

  9. Slide 9: Section 03: Equity Update

    Section 03 Equity Update 9

  10. Slide 10: Looking Back 2018

    Looking Back 2018 Key Highlight List of Highlight in 2018 By each event No Related 2018 Highlights ▪ Trade deficit and CAD are widened. In midst of higher deficit, MoF imposed import restriction on selected goods and require for higher 1. General Economy local component import (TKDN) ▪ Jokowi announ

  11. Slide 11: 2018 was Rough Year for Equity

    2018 was Rough Year for Equity Comparing to 2013 and 2015 List of Highlight in 2018 By each event Quantitative Tightening Peak to trough change Taper Tantrum 2013 Taper Tantrum 2015 2018 MSCI Indonesia (USD) 37% 37% 26% Peak to trough correction JCI (IDR) 24% 25% 16% Peak to trough correction Time s

  12. Slide 12: Our View on Sector for 1Q19

    Our View on Sector for 1Q19 Current vs 1Q19 Period No Sector Reasonings 4Q18 1Q19 ▪ Slowdown in new planting in the past few years would have an effect in 2H19 and B20 will act as a stabilizer, 1. Agriculture Marketweight Marketweight but expect CPO price to remain sluggish in the next quarter. ▪ OW

  13. Slide 13: Equity Strategy for 2019

    Equity Strategy for 2019 Selectively optimistic Arguments for Equity Market Arguments for Equity Market IDR mengalami apresiasi yang disebabkan oleh perbaikan Arus dana asing yang masih jauh dari stabil dan sentimen di regional maupun di dalam negeri serta cenderung volatile sejalan dengan fluktuasi

  14. Slide 14: Disclaimer

    Disclaimer This document is prepared by PT Syailendra Capital (“Syailendra”) and is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. Accordingly, this document and its contents may not be reproduced,

  15. Slide 15: PT Syailendra Capital

    PT Syailendra Capital District 8 Treasury Tower 39th Fl. Unit 39A, SCBD Lot 28 Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 P. : +62 21 2793 9900 F. : +62 21 2972 1199 www.syailendracapital.com

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