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This study aims to examine the tendency of prioritizing management companies listed on Indonesia Stock Exchange (IDX) allocate free cash flow. Respondents there were 23 companies listed on IDX who has a wealth of at least the IDR 1.2 trillions. Questionnaires were sent based on four economic situation, namely: the situation is stable or normal, getting better, getting worse, and the uncertain economic situation. The fourth economic situation is faced with five options for allocating free cash flow, namely: payment of cash dividends, buy back stock, make acquisitions, purchase of financial assets, and distribute it to other areas of investment, such as option's Mutual Funds. Incidentally Indonesia's economic situation was observed 2015-2016 is the worsening situation in which the rupiah exchange rate against the USD around IDR 14,500. Similar to the economic situation in 1997/ 1998. The results show that the worsening economic situation the management of companies listed on IDX prefers: the purchase of shares and investments in other business fields, followed by The purchase of financial assets and acquisitions, and payment of cash dividends in the final choice

A trade war between the United States and China resulted in an increase in trade tariffs on imported goods entering each of these countries. Southeast Asian countries that have trade relations with the two countries, especially in terms of non-oil and gas exports of 25% to 35%, will be affected by export demand. Furthermore, the effects of the trade war will reduce gross domestic product (GDP) in Southeast Asian countries or the ASEAN and increase the current account deficit. On the other hand, the effects of the trade war that led to the decision of foreign investors to move their manufacturing base out of China will produce a flow of foreign investment that is ready to be captured by every ASEAN country.

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One of the objectives of this research is to know the types of shares that are undervalued and overvalued by applying Capital Asset Pricing Model (CAPM) method, based on stock return and risk as a consideration in stock investment decision making process. In this study using the population on the company's shares listed in the Compass Market Index 100 period November 2014-November 2017. Sample testing is done by processing data from the company's financial statements.The number of samples used in this study as many as 30 company shares, using purposive sampling method. The results showed that from 30 samples, showed 16 stocks included into the stock efficient (undervalued), meaning that the stock has an individual stock returns greater than expected rate of return. Therefore, the decision taken should sell the shares.While the remaining 14 shares are included in the stock is not efficient (overvalued), meaning that the stock has an individual stock return rate is smaller than the expected rate of return. Therefore the decision taken should sell the shares.