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OSODaily 17 April 2020
ODAY TOP STOCK TRADED (LQ45)
+++++
JAKARTA COMPOSITE INDEX
4.480,61 (145,30)
-3,14%
Previous 4.625,91 Lowest
4.463,81 Highest 4.625,91 Val IDR bn
6.535
Volbn 6.437 Mkt Cap IDRtr
5.188,86 Net Forg 1DIDRbn (1.194,73) Net ForgYTDIDRbn
(15.075,47)
Return YTD (%) (28,87) Month to date (%)
(1,28)
Indices
Last Chg% YTD% Americas
Dow Jones United States 23.537,68 0,14 (11,01) S&P 500 United States 2.799,55 0,58 (3,48) Nasdaq United States 8.532,36 1,66 6,71 EIDO United States 14,70 (3,80) (45,29) EMEA
FTSE 100 United Kingdom 5.628,43 0,55 (24,67)
CAC 40 France 4.350,16 (0,08) (21,80) D DAX Germany 10.301,54 0,21 (15,24)
Asia Pacific
Nikkei Japan 19.550,09 (1,33) (13,19) Shanghai China 2.811,17 0,31 (13,33) TWSE Taiwan 10.447,21 (0,69) (5,05) KOSPI Korea 1.857,08 (0,00) (17,20) KLSE Malaysia 1.387,79 (0,09) (14,91) ST – Times Singapore 2.605,56 0,26 (21,60) Sensex India 30.379,81 0,73 (22,08) Hangseng Hongkong 24.145,34 (0,58) (20,32)
Sectoral Previous Last Chg% YTD% AGRICULTURE 1.009,02 987,11 (2,17) (35,25) MINING 1.242,19 1.217,05 (2,02) (21,41) MISC INDUSTRY 726,78 698,31 (3,92) (42,94) BASIC INDUSTRY 666,08 647,91 (2,73) (33,76) CONSUMER GOODS 1.721,94 1.653,71 (3,96) (19,44) PROPERTY 328,58 319,07 (2,89) (36,68) INFRASTRUKTUR 836,21 812,62 (2,82) (28,56) FINANCE 972,13 938,27 (3,48) (30,74) MANUFAKTURE 1.091,32 1.052,24 (3,58) (27,97) TRADE 602,96 592,25 (1,78) (23,07) LQ 45 694,44 662,69 (4,57) (34,68)
Commodities 281,81 287,27 1,94 (28,28)
Oil (USD/bbl) 19,87 19,87 - (67,36) Gold (USD tr.oz) 1.717,03 1.717,70 0,04 13,14 Nickel (USD/mtrc ton) 11.773,00 11.764,00 (0,08) (16,12) Tin (USD/mtrc ton) 15.093,00 14.960,00 (0,88) (12,90) Copper (USD/mtrc ton) 5.111,50 5.140,00 0,56 (16,75) CPO (MYR/ton) 2.306,00 2.249,00 (2,47) (26,04) Coal (USD/ton) 56,80 56,65 (0,26) (16,38)
Currencies
Last Chg% YTD% IDR / USD
15.640,00 0,03 (11,34)
IDR / AUD
9.868,81 1,38 (1,53) IDR / EUR
17.029,46 0,30 (8,67)
IDR /SGD
10.982,25 0,73 (6,13) IDR / JPY
145,53 0,25 (12,24)
IDR / GBP
19.526,89 0,59 (6,68) Global Macro Economics
CB Rate CPI YoY GDP YoY
United States 0,25 2,30 2,30 Euro Area 0,00 1,20 1,00 United Kingdom 0,10 1,70 1,10 Japan 0,10 0,40 -0,70 China 4,35 5,20 6,00 Domestic macro Economics Latest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 7,58 (0,43) 17,76 GovBonds (10y) 8,14 (0,87) 15,21
Inflasi YoY 2,96
Inflasi MoM 0,10 Bi rate 4,50 GDP Growth YoY (%) 4,97
Foreign Reserve (Bn) 120,97 Government Bonds Yield% Wow% Ytd% 7 Year 8,01 8,02 8,02 15 Year 8,25 8,25 8,25 20 Year 8,25 8,25 8,25 30 Year 8,37 8,37 8,37
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (16/04) IHSG ditutup amelemah sebesar 3.14% ke level 4.480.61. Seluruh indeks sektoral ditutup dalam teritori negatif, dimana sektor barang konsumsi dan manufaktur memimpin pelemahan masing-masing sebesar 3.96% dan 3.92%. Adapun saham yang menjadi pemberat indeks diantaranya ; BBCA, BBRI, UNVR, TLKM, BMRI. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 1.19 triliun. Nilai tukar rupiah terapresiasi sebesar 0.05% ke level 15.645 Global Review Pada perdagangan semalam (16/04) bursa saham Wall Street kompak berada dalam zona hijau, dimana Nasdaq memimpin penguatan sebesar 1.66%, diausul S&P 500 dan Dow Jones yang naik sebesar 0.57% dan 0.14%. Penguatan tersebut terjadi ditengah penutupan kota New York yang akan diperpanjang hingga 15 Mei 2020, langkah tersebut diambil untuk mengantisipasi pandemi virus Corona meskipun catatan pada pekan ini jumlah pasien rawat inap dan yang meninggal turun dibandingkan sepekan lalu. Selain itu penguatan indeks ditopang oleh naiknya harga saham Netflix dan Amazon.com ke level tertingginya masing-masing, hal ini dikarenakan tingginya jumlah penonton di Netflix serta permintaan produk online Amazon.com yang kian meningkat. JCI Prediction IHSG ditutup melemah sebesar 3,14% ke level 4.480,61. IHSG ditutup bearish candle. Adapun indikator Stochastic bearish di rasio 24% dan MACD histogram kembali bergerak turun dengan Volume turun. Kami perkirakan IHSG berpeluang menguat dengan pergerakan di kisaran 4.317 – 4.562. Major Economic Release
Initial Jobless Claims United States periode
11 April turun menjadi 5.245 ribu dari
sebelumnya sebanyak 6.615 ribu.
Continuing Jobless Claim periode 4 the April
naik menjadi sebanyak 11.976 ribu dari
sebelumnya sebanyak 7.446 ribu.
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OSODaily 17 April 2020
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
LPPF IJ Equity
1.490 9,96 (64,61) 4,18 1,11
ERAA IJ Equity
1.195 5,75 (33,43) 3,81 1,46
TOWR IJ Equity
810 0,62 0,62 41,32 0,83
PWON IJ Equity
406 (1,93) (28,77) 19,55 1,58
SCMA IJ Equity
820 (2,38) (41,84) 12,12 1,25
Top Losers
Last Chg% YTD% MC (T) Beta
CPIN IJ Equity
4.140 (6,97) (36,31) 67,89 1,56
INTP IJ Equity
10.750 (6,93) (43,50) 39,57 1,42
INCO IJ Equity
2.290 (6,91) (37,09) 22,75 2,02
BTPS IJ Equity
2.220 (6,72) (47,76) 17,10 1,18
ADRO IJ Equity
975 (6,70) (37,30) 31,19 1,66
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
BBRI IJ Equity
2.610 367,7 (40,7) 321,93 1,43
PGAS IJ Equity
805 143,2 (62,9) 19,51 1,86
TLKM IJ Equity
3.000 109,6 (24,4) 297,19 0,88
TOWR IJ Equity
810 109,3 0,6 41,32 0,83
BMRI IJ Equity
4.210 107,6 (45,1) 196,47 1,57
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBRI IJ Equity
2.610 832,8 (40,7) 321,93 1,43
BBCA IJ Equity
26.200 499,6 (21,6) 645,96 1,11
ASII IJ Equity
3.620 311,9 (47,7) 146,55 1,35
BMRI IJ Equity
4.210 262,4 (45,1) 196,47 1,57
PGAS IJ Equity
805 229,5 (62,9) 19,51 1,86
Top Gainers Last Chg% YTD% MC (T) Beta
BENCHMARK INDICES COMPARISON Indices
Country Latest P/E PBV Target 2020F
Asia Pacific IHSG
Indonesia 4.481 13,01 1,26 5.782
Nikkei
Japanese 19.290 17,06 1,43 24.166
Shanghai
China 2.820 13,34 1,38 3.230
TWSE
Taiwan 10.375 17,19 1,53 11.694
KOSPI
Korea 1.857 17,75 0,73 2.463
KLSE
Malaysia 1.387 15,42 1,37 1.509
ST - Times
Singapore 2.612 10,12 0,89 3.090
Sensex
India 30.603 18,73 2,39 42.044
Hangseng
Hongkong 24.006 9,75 1,02 29.757
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
STTP IJ Equity
9525 19,78 111,67 12 0,16
RMBA IJ Equity
222 19,47 (32,73) 8 0,10
TCPI IJ Equity
4210 6,86 (36,45) 21 2,35
ULTJ IJ Equity
1390 8,70 (17,26) 16 0,65
MAPI IJ Equity
565 14,15 (46,45) 9 1,22
Laggard
Latest Chg% YTD% MC (T) Beta
BBRI IJ Equity
2760 (4,83) (37,27) 340 1,43
TLKM IJ Equity
3110 (4,01) (21,66) 308 0,88
HMSP IJ Equity
1610 (4,73) (23,33) 187 1,10
BMRI IJ Equity
4400 (3,72) (42,67) 205 1,57
UNVR IJ Equity
6975 (2,45) (16,96) 273 0,96
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund
Latest 1 Month (%) YTD% Oso Sustainability Fund
1.000,69 (16,65) (27,55)
Oso Syariah Equity Fund
414,50 (11,65) (26,73)
Source: Bloomberg LP & OSO Research Team
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MACRO ECONOMIC & INDUSTRY NEWS
Bank Indonesia (BI) optimistis besaran defisit neraca transaksi berjalan atau current account deficit (CAD) pada kuartal I-2020 bisa lebih baik dari CAD pada kuartal I tahun lalu, bahkan berpotensi lebih rendah dari 1,5% PDB.
Organisasi Negara-Negara Pengekspor Minyak Bumi (OPEC) memperkirakan permintaan untuk minyak mentahnya akan terjun ke level terendah dalam tiga dekade akibat dampak pandemi virus corona (Covid-19) terhadap ekonomi global. Menurut laporan bulanan kartel minyak tersebut, hanya dibutuhkan rata-rata di bawah 20 juta barel per hari dari negara-negara OPEC pada kuartal II/2020. OPEC belum memompa minyak mentah dengan jumlah sekecil ini sejak awal 1989.
Sebagian besar perusahaan Jepang kecewa dengan rencana stimulus pemerintah sebesar US$ 1 triliun untuk mengurangi dampak ekonomi dari wabah virus corona. Para pelaku industri mengatakan hal itu tidak cukup. Banyak juga yang mengeluh stimulus itu terlalu sedikit dan terlalu terlambat. Perdana Menteri Jepang Shinzo Abe pekan lalu menyatakan keadaan darurat untuk Tokyo dan enam prefektur lainnya, dan meluncurkan paket stimulus ekonomi yang setara dengan 20% dari output ekonomi negara tersebut.
CORPORATES NEWS
PT Petrosea Tbk (PTRO) akan membagikan dividen dengan nilai total US$ 7 juta. Jumlah itu setara dengan 22,45%
dari laba yang dikantongi sepanjang tahun 2019, yakni US$ 31,18 juta. Adapun PTRO akan membagikan dividen US$
0,00694 per saham.
PT Metropolitan Land Tbk (MTLA) catatkan marketing sales Rp 250 miliar sepanjang tiga bulan pertama ini. Lambatnya realisasi marketing sales lantaran belum adanya peluncuran proyek baru.
PT Timah Tbk (TINS) berhasil membukukan pendapatan sebesar Rp 19,30 triliun sepanjang tahun lalu. Pendapatan TINS melonjak 75,13% dari pendapatan Rp 11,02 triliun pada tahun 2018.
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) memutuskan untuk membagikan dividen sebesar Rp 27 per saham. Secara total, dividen yang akan dibagikan mencapai Rp 401,87 miliar atau 49,75% dari total laba bersih tahun buku 2019 sebesar Rp 807,68 miliar.
PT Surya Toto Indonesia Tbk (TOTO) terpaksa mengurangi satu lini produksi saniter untuk menyesuaikan dengan permintaan pasar. Upaya ini dilakukan juga merespon melandainya pasar lokal maupun ekspor karena Corona. Alhasil, dampak dari penutupan satu line produksi selanjutnya adalah Gross Profit (Laba Kotor) tergerus cukup signifikan sebesar 34% dibanding 2018.
PT Betonjaya Manunggal Tbk (BTON) telah merilis laporan keuangan untuk tahun 2019. Dari laporan kinerja tersebut, BTON masih membukukan kenaikan pendapatan bersih namun tidak untuk perolehan laba. Adapun pendapatan bersih BTON di 2019 tercatat senilai Rp 122,32 miliar atau tumbuh 4,1% dibandingkan tahun 2018 Rp 117,48 miliar.
PT Nippon Indosari Corpindo Tbk (ROTI) mendapatkan pinjaman dengan plafon hingga Rp 1 triliun dari PT Bank Central Asia Tbk (BBCA). Produsen Sari Roti itu mendapatkan kredit pada 13 April 2020 lalu. Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat
Recommendation : Buy On Weakness Entry Buy : 685 – 700 Target Price : 715 – 725 Support : 680 – 685 Cutloss : 675
DAILY TECHNICAL
BUY BNGA l PE : 4,8 l PBV : 0,40 l ROE : 8,80 l NPM : 21,66 l DER : 54,99 l Fair Value : 1.278
BNGA : CIMB Niaga Jaga Margin Bunga Bersih di Level 5 Persen PT Bank CIMB Niaga Tbk. optimistis bisa mempertahankan margin bunga bersih (net interest margin /NIM) di level 5 persen kendati corona mewabah. Direktur Finance & SPAPM Bank CIMB Niaga Lee Kai Kwong mengatakan pihaknya masih cukup optimis karena kebijakan pemerintah terkait restrukturisasi kredit hanya berlaku bagi industri yang terkena dampak Covid-19. Apalagi saat ini sejumlah stimulus ekonomi juga diberikan pemerintah dan otoritas terkait untuk mendorong pertumbuhan ekonomi. Misalnya, Bank Indonesia yang menjaga suku bunga acuan pada level 4,5 persen maupun ada keringanan tarif pajak.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 715. Apabila break 715 next harga ke level 725. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 675 jika sudah melewati support 680 – 685.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Golden Cross Volume : Meningkat
Recommendation : Buy On Weakness Entry Buy : 1.165 – 1.195 Target Price : 1.230 – 1.245 Support : 1.160 – 1.165 Cutloss : 1.155
DAILY TECHNICAL
BUY ERAA l PE : 12,9 l PBV : 0,79 l ROE : 6,20 l NPM : 0,90 l DER : 54,32 l Fair Value : 1.242
Erajaya Group Luncurkan Layanan Pengantaran, Mobile Selling Dan Eraxpress PT Erajaya Swasembada, Tbk (Erajaya Group) memperkenalkan Mobile Selling dan EraXpress, sebuah layanan baru berupa Home Delivery Service langsung dari toko terdekat sehingga Konsumen bisa menerima produk pesanannya dengan cepat. Pemesanan produk bisa dilakukan melalui aplikasi WhatsApp atau melalui fasilitas online to offline (O2O) dari eraspace.com yang kemudian barang dan pengirimannya akan diproses dari toko yang dipilih Konsumen.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.230. Apabila break 1.230 next harga ke level 1.245. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.155 jika sudah melewati support 1.160 – 1.165.
NOTE:
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OSODaily 08 April 2019
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Golden Cross Volume : Meningkat
Recommendation : Buy On Weakness Entry Buy : 710 – 740 Target Price : 750 – 770 Support : 705 – 710 Cutloss : 700
DAILY TECHNICAL
Dihadang Corona HOKI Akan Revisi Capex PT Buyung Poetra Sembada Tbk (HOKI) akan mengkaji ulang anggaran belanja modal alias capital expenditure (capex) yang sebelumnya dicanangkan untuk tahun ini karena mulai terdampak pandemi virus corona (covid-19). Adapun sebelumnya HOKI berencana mengalokasikan capex sebesar Rp 70 miliar untuk merampungkan pembangunan tahap satu pabrik baru berkapasitas 20 ton per jam di Palembang, Sumatra Selatan. Pabrik baru tahap satu ditargetkan akan selesai pada Desember 2020. Pembangunan pabrik baru tahap satu rencananya akan dilanjutkan dengan pembangunan pabrik tahap kedua dengan kapasitas sama, yakni 20 ton per jam yang direncanakan bisa rampung pada akhir 2021.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 750. Apabila break 750 next harga ke level 770. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 700 jika sudah melewati support 705 – 710.
HOKI l PE : 16,9 l PBV : 2,74 l ROE : 17,22 l NPM : 6,27 l DER : 23,19 l Fair Value : 992
Souce: OSO Research Team
BUY
NOTE:
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OSODaily 08 April 2019
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Sector Rotation
Mingguan
Bulanan
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OSODaily 17 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price last Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR BASIC INDUSTRY
BRPT IJ Equity 970 (2,51) (35,76) 4,67 147,67 11,86 0,62 3,76 92,01 780 -20% Sell
CPIN IJ Equity 4.140 (6,97) (36,31) 3,39 18,65 11,58 13,14 19,08 22,95 5.068 22% Buy
INKP IJ Equity 5.075 (3,33) (34,09) 0,44 6,46 2,05 3,18 7,06 95,94 11.300 123% Buy
INTP IJ Equity 10.750 (6,93) (43,50) 1,71 21,56 12,67 6,61 7,93 0,48 15.955 48% Buy
JPFA IJ Equity 895 (5,29) (41,69) 0,97 5,92 2,52 7,32 17,32 75,31 1.583 77% Buy
SMGR IJ Equity 6.650 (6,67) (44,58) 1,22 16,50 4,53 3,66 7,54 82,74 12.543 89% Buy
TKIM IJ Equity 4.920 (4,00) (52,12) 0,71 5,82 7,66 5,01 11,50 120,71 13.000 164% Buy
Industry Average in LQ45 1,87 31,80 7,55 5,65 10,60 70,02
Total of Industry Average 1,19 25,80 6,82 1,51 (11,64) 100,29
SECTOR CONSUMER GOODS
ACES IJ Equity 1.240 (2,75) (17,06) 4,75 21,32 15,44 19,19 23,99 2,72 1.417 14% Buy
GGRM IJ Equity 44.475 (6,57) (16,08) 1,68 7,86 4,86 14,73 22,65 34,19 57.243 29% Buy
HMSP IJ Equity 1.560 (3,11) (25,71) 5,09 13,25 9,82 28,15 38,63 1,17 1.915 23% Buy
ICBP IJ Equity 9.900 (2,70) (11,21) 4,82 23,18 13,54 13,90 22,21 9,06 11.453 16% Buy
INDF IJ Equity 6.050 (5,84) (23,66) 1,41 10,82 4,01 5,09 13,75 42,38 8.238 36% Buy
KLBF IJ Equity 1.145 (5,37) (29,32) 3,38 21,41 14,02 13,05 16,43 4,89 1.453 27% Buy
UNVR IJ Equity 6.650 (4,66) (20,83) 48,03 34,32 22,54 36,08 116,74 75,07 8.488 28% Buy
Industry Average in LQ45 10,73 18,48 11,46 18,50 38,40 27,79
Total of Industry Average 3,44 21,35 10,21 5,39 (32,48) 58,11
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2.120 (4,93) (32,70) 1,18 130,48 2,14 1,18 3,80 140,83 3.478 64% Buy
JSMR IJ Equity 2.870 (3,69) (44,54) 1,15 10,77 3,21 2,28 11,28 157,26 5.684 98% Buy
PGAS IJ Equity 805 (4,17) (62,90) 0,49 18,45 1,26 0,88 2,63 85,04 1.147 43% Buy
TBIG IJ Equity 990 (3,41) (19,51) 4,29 25,49 5,20 2,73 19,59 415,69 1.159 17% Buy
TLKM IJ Equity 3.000 (3,54) (24,43) 2,98 14,67 4,52 9,65 21,31 37,58 4.265 42% Buy
TOWR IJ Equity 810 0,62 0,62 4,66 17,48 7,64 9,25 27,95 173,14 952 18% Buy
Industry Average in LQ45 2,46 36,22 3,99 4,33 14,43 168,26
Total of Industry Average 1,75 26,88 8,95 (1,87) (1,42) 128,40
Source: Bloomber LP
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OSODaily 17 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR MINING
ADRO IJ Equity 975 (6,70) (37,30) 0,53 4,93 1,98 5,66 10,95 48,89 1.352 39% Buy
AKRA IJ Equity 1.835 (4,92) (53,54) 0,88 10,28 5,17 3,45 8,54 45,79 3.510 91% Buy
ANTM IJ Equity 505 (3,81) (39,88) 0,61 15,09 5,28 2,46 4,12 50,26 1.025 103% Buy
INCO IJ Equity 2.290 (6,91) (37,09) 0,75 25,19 6,66 2,59 3,00 0,06 3.212 40% Buy
ITMG IJ Equity 7.550 (4,43) (34,20) 0,59 4,09 2,27 9,76 13,90 1,20 11.843 57% Buy
PTBA IJ Equity 1.905 (2,81) (28,38) 1,17 5,11 3,56 16,14 23,67 3,42 2.502 31% Buy
Industry Average in LQ45 0,76 10,78 4,15 6,68 10,70 24,94
Total of Industry Average 1,12 14,23 6,26 (0,07) (3,62) 100,32
SECTOR MISC INDUSTRY
ASII IJ Equity 3.620 (5,24) (47,73) 0,99 6,75 3,70 6,23 15,24 49,42 6.181 71% Buy
SRIL IJ Equity 158 (3,07) (39,23) 0,35 2,34 0,92 6,00 15,81 144,29 Neutral #VALUE! #VALUE!
Industry Average in LQ45 0,67 4,54 2,31 6,11 15,53 96,85
Total of Industry Average 1,09 37,94 5,26 2,13 19,09 96,92
SECTOR PROPERTY
BSDE IJ Equity 790 (6,51) (37,05) 0,51 5,37 5,19 5,24 10,10 39,96 1.348 71% Buy
CTRA IJ Equity 565 (5,04) (45,67) 0,68 9,08 4,19 3,29 7,79 51,66 1.132 100% Buy
PTPP IJ Equity 705 (4,73) (55,52) 0,33 4,71 1,40 1,67 7,10 94,11 1.530 117% Buy
PWON IJ Equity 406 (1,93) (28,77) 1,36 6,71 5,53 11,59 22,21 36,44 646 59% Buy
WIKA IJ Equity 1.065 (6,58) (46,48) 0,58 4,18 3,00 3,77 14,60 78,48 1.792 68% Buy
WSKT IJ Equity 610 (3,17) (58,92) 0,46 8,83 1,74 0,76 5,23 237,92 1.144 88% Buy
Industry Average in LQ45 0,65 6,48 3,51 4,38 11,17 89,76
Total of Industry Average 1,93 9,57 14,58 3,34 6,92 42,89
Source: Bloomber LP
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OSODaily 17 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR TRADE
ERAA IJ Equity 1.195 5,75 (33,43) 0,79 12,90 4,30 2,63 6,20 54,32 1.242 4% Hold
LPPF IJ Equity 1.490 9,96 (64,61) 2,28 3,07 1,96 27,70 76,74 - 2.398 61% Buy
MNCN IJ Equity 1.055 (4,09) (35,28) 1,18 5,92 3,59 13,22 21,24 42,22 1.526 45% Buy
SCMA IJ Equity 820 (2,38) (41,84) 2,31 9,82 6,67 19,59 26,60 0,33 1.409 72% Buy
UNTR IJ Equity 16.625 (6,21) (22,76) 1,07 5,48 2,47 9,92 20,20 22,89 21.407 29% Buy
Industry Average in LQ45 1,53 7,44 3,80 14,61 30,20 23,95
Total of Industry Average 1,92 19,02 50,20 0,83 1,18 63,28
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 26.200 (4,47) (21,62) 3,71 22,61 86,78 1,30 6,57 6,38 30.726 17% Buy
BBRI IJ Equity 2.610 (5,43) (40,68) 1,55 9,29 89,64 2,62 6,78 66,52 4.197 61% Buy
BBNI IJ Equity 3.980 (5,24) (49,30) 0,61 4,82 93,76 2,30 5,03 59,54 7.038 77% Buy
BBTN IJ Equity 900 (6,25) (57,55) 0,40 46,21 113,51 4,78 3,15 225,31 1.759 95% Buy
BMRI IJ Equity 4.210 (4,32) (45,15) 0,96 7,15 100,37 2,33 5,30 50,07 7.428 76% Buy
BTPS IJ Equity 2.220 (6,72) (47,76) 3,17 12,22 479,42 1,37 39,48 140,00 3.614 63% Buy
Industry Average in LQ45 1,45 18,02 96,81 2,67 5,37 81,56
Total of Industry Average 43,20 29,10 113,61 3,37 7,48 78,41
Source: Bloomber LP
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TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
ACES IJ Equity 1.240 (17,1) Positif Trading Positif 1.075 1.230 1.385 1.260 1.225 1.200 1.285 1.320 1.180 Speculative Buy
ADRO IJ Equity 975 (37,3) Positif Trading Positif 645 950 1.255 1.005 975 945 1.035 1.065 930 Speculative Buy
AKRA IJ Equity 1.835 (53,5) Positif Trading Positif 1.520 1.890 2.255 1.885 1.805 1.730 1.960 2.040 1.705 Speculative Buy
ANTM IJ Equity 505 (39,9) Negatif Trading Positif 321 456 590 515 500 476 540 560 469 Hold
ASII IJ Equity 3.620 (47,7) Negatif Oversold Positif 3.440 3.880 4.320 3.700 3.620 3.540 3.780 3.860 3.485 Speculative Buy
BBCA IJ Equity 26.200 (21,6) Positif Trading Positif 22.500 26.450 30.375 26.800 25.975 25.125 27.650 28.475 24.725 Speculative Buy
BBNI IJ Equity 3.980 (49,3) Negatif Trading Positif 3.280 3.920 4.560 4.035 3.965 3.885 4.115 4.185 3.825 Hold
BBRI IJ Equity 2.610 (40,7) Positif Oversold Positif 2.530 2.910 3.285 2.685 2.595 2.495 2.785 2.875 2.455 Buy
BBTN IJ Equity 900 (57,5) Positif Oversold Positif 750 930 1.110 925 895 865 955 985 850 Buy
BMRI IJ Equity 4.210 (45,1) Positif Oversold Positif 3.965 4.710 5.450 4.290 4.180 4.040 4.430 4.540 3.980 Buy
BRPT IJ Equity 970 (35,8) Negatif OverBought Positif 338 745 1.150 980 955 925 1.010 1.035 910 Sell
BSDE IJ Equity 790 (37,1) Negatif Trading Positif 560 735 910 820 790 760 850 880 750 Hold
BTPS IJ Equity 2.220 (47,8) Positif Trading Positif 1.765 2.410 3.055 2.280 2.215 2.160 2.335 2.400 2.125 Speculative Buy
CPIN IJ Equity 4.140 (36,3) Positif Trading Positif 3.870 4.530 5.200 4.285 4.140 3.995 4.430 4.575 3.935 Speculative Buy
CTRA IJ Equity 565 (45,7) Negatif Trading Positif 388 530 675 595 560 520 635 670 510 Hold
ERAA IJ Equity 1.195 (33,4) Negatif Trading Positif 775 1.015 1.250 1.170 1.090 1.020 1.240 1.320 1.000 Hold
EXCL IJ Equity 2.120 (32,7) Positif Trading Positif 1.280 1.910 2.540 2.180 2.105 2.040 2.245 2.320 2.005 Speculative Buy
GGRM IJ Equity 44.475 (16,1) Negatif Trading Positif 32.450 42.625 52.800 46.000 44.400 42.700 47.700 49.300 42.050 Hold
HMSP IJ Equity 1.560 (25,7) Negatif Trading Positif 1.125 1.475 1.825 1.570 1.535 1.520 1.585 1.620 1.495 Hold
ICBP IJ Equity 9.900 (11,2) Negatif Trading Positif 8.475 9.700 10.925 10.050 9.900 9.775 10.175 10.325 9.625 Hold
INCO IJ Equity 2.290 (37,1) Negatif Trading Positif 1.310 2.020 2.735 2.365 2.290 2.215 2.440 2.515 2.180 Hold
INDF IJ Equity 6.050 (23,7) Negatif Trading Positif 5.300 6.225 7.125 6.225 6.050 5.875 6.400 6.575 5.775 Hold
INKP IJ Equity 5.075 (34,1) Negatif Trading Positif 2.885 4.300 5.725 5.100 4.955 4.830 5.225 5.375 4.760 Hold
source: Bloomberg Lp
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TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend Bollinger
Band Pivot Point Support Resistance
Stop Loss Level
Recommendation
Lower Middle Upper 1 2 1 2
INTP IJ Equity 10.750 (43,5) Positif Trading Positif 9.375 11.525 13.675 11.075 10.650 10.300 11.425 11.850 10.150 Speculative Buy
ITMG IJ Equity 7.550 (34,2) Positif Trading Positif 6.125 7.550 9.000 7.725 7.550 7.350 7.925 8.100 7.225 Speculative Buy
JPFA IJ Equity 895 (41,7) Negatif Trading Positif 805 930 1.055 920 890 855 955 985 840 Hold
JSMR IJ Equity 2.870 (44,5) Positif Trading Positif 2.225 2.800 3.375 2.900 2.825 2.750 2.975 3.050 2.705 Speculative Buy
KLBF IJ Equity 1.145 (29,3) Negatif Trading Positif 850 1.100 1.345 1.170 1.130 1.095 1.205 1.245 1.080 Hold
LPPF IJ Equity 1.490 (64,6) Positif Oversold Positif 1.010 1.370 1.735 1.455 1.245 1.090 1.610 1.820 1.070 Buy
MNCN IJ Equity 1.055 (35,3) Negatif Trading Positif 745 950 1.160 1.070 1.045 1.005 1.110 1.135 990 Hold
PGAS IJ Equity 805 (62,9) Positif Trading Positif 620 785 950 820 800 780 840 860 765 Speculative Buy
PTBA IJ Equity 1.905 (28,4) Positif Trading Positif 1.555 1.935 2.310 1.945 1.895 1.850 1.990 2.040 1.820 Speculative Buy
PTPP IJ Equity 705 (55,5) Negatif Trading Positif 436 620 805 715 680 655 740 775 645 Hold
PWON IJ Equity 406 (28,8) Negatif Trading Positif 254 345 437 406 394 388 412 424 382 Hold
SCMA IJ Equity 820 (41,8) Negatif Trading Positif 650 765 885 825 815 790 850 860 780 Hold
SMGR IJ Equity 6.650 (44,6) Positif Oversold Positif 5.925 7.300 8.675 6.900 6.650 6.425 7.125 7.375 6.325 Buy
SRIL IJ Equity 158 (39,2) Negatif Trading Positif 118 148 177 161 157 154 164 168 151 Hold
TBIG IJ Equity 990 (19,5) Negatif Trading Positif 755 890 1.025 1.005 965 925 1.045 1.085 910 Hold
TKIM IJ Equity 4.920 (52,1) Negatif Trading Positif 3.550 4.610 5.675 5.000 4.860 4.775 5.100 5.225 4.700 Hold
TLKM IJ Equity 3.000 (24,4) Negatif Trading Positif 2.625 3.035 3.440 3.055 3.000 2.945 3.110 3.165 2.900 Hold
TOWR IJ Equity 810 0,6 Negatif OverBought Positif 565 680 790 810 790 775 825 845 765 Sell
UNTR IJ Equity 16.625 (22,8) Positif Trading Positif 12.400 15.925 19.450 17.150 16.575 15.925 17.800 18.375 15.675 Speculative Buy
UNVR IJ Equity 6.650 (20,8) Positif Trading Positif 5.625 6.750 7.850 6.800 6.625 6.425 7.000 7.175 6.325 Speculative Buy
WIKA IJ Equity 1.065 (46,5) Positif Trading Positif 660 955 1.245 1.095 1.060 1.030 1.125 1.160 1.015 Speculative Buy
WSKT IJ Equity 610 (58,9) Negatif Trading Positif 371 535 700 615 595 575 635 655 565 Hold
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
14-Apr-20 China, Balance of Trade MAR CNY $19.9B $-7.09B $19.1B
China, Exports YoY MAR CNY -6.6% -17.2% -14%
China, Imports YoY MAR CNY -0.9% -4% -9.5%
Indonesia, Interest Rate Decision IDN 4.50% 4.50%
Indonesia, Lending Facility Rate APR IDN 5.25% 5.25% 5.25%
Indonesia, Deposit Facility Rate APR IDN 3.75% 3.75% 3.75%
US Import Prices YoY MAR USD -4.1% -1.2%
US Export Prices YoY MAR USD -3.6% -1.3%
US Import Prices MoM MAR USD -2.3% -0.5% -3.5%
US Export Prices MoM MAR USD -1.6% -1.1% -2%
15-Apr-20 Indonesia, Balance of Trade MAR IDN $0.74B $2.51B
Indonesia, Imports YoY MAR IDN -0.75% -5.9%
Indonesia, Exports YoY MAR IDN -0.2% 12%
Indonesia, Car Sales YoY MAR IDN -15% -2.7%
Indonesia, Motorbike Sales YoY MAR IDN -3.2% 2.6%
US Retail Sales MoM MAR USD -8.7% -0.4%
US Industrial Production YoY MAR USD -5.5% 0%
US Manufacturing Production YoY MAR USD -6.6% -0.4%
US EIA Crude Oil Stocks Change 10/APR USD 19.248M 15.177M
16-Apr-20 Japan, Stock Investment by Foreigners 11/APR JPY ¥-15.5B ¥324.2B
Japan, Foreign Bond Investment 11/APR JPY ¥-201.3B ¥-1052.2B
China, House Price Index YoY MAR CNY 5.3% 5.8%
US Initial Jobless Claims 11/APR USD 5245K 6615K 5100K
US Housing Starts MoM MAR USD -22.3% -1.5%
US Building Permits MoM MAR USD -6.8% -6.3%
US Continuing Jobless Claims 04/APR USD 11976K 7455K 14000K
Source: Bloomberg Lp
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CORPORATE ACTION
RUPS Date Time Company Event Place
13-Apr-20 10:00 BULL RUPSLB TBA
10:00 PTRO RUPS Gedung Balai Kartini
14-Apr-20 TBA ARTO RUPS TBA 9:00 GIAA RUPS TBA 10:00 MLBI RUPS Hotel Dharmawangsa 11:00 FAST RUPS The Ritz-Carlton Jakarta
12:30 PPRO RUPS Wisma Subiyanto Lt 1 14:00 BBYB RUPSLB Kantor Perseroan 14:00 BNLI RUPS WTC II Lt 21
15-Apr-20 10:00 DMAS RUPS Hotel Mulia Senayan 10:00 MERK RUPS Kantor Perseroan 13:00 BFIN RUPSLB Hotel Dharmawangsa
14:00 KDSI RUPS Kantor Perseroan
16-Apr-20 9:00 ANTM RUPS TBA 9:00 BJBR RUPS Bandung 10:00 BTPS RUPS Menara BTPN 10:00 PTPP RUPS Plaza PP 10:00 TCID RUPS Hotel Ayana Midplaza
17-Apr-20 10:00 JAST RUPSLB Ruang Seminar, BEI
14:00 WSKT RUPS Gedung Waskita Haritage Lt 11
Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
ADMF Cash Dividen 08-Apr-20 09-Apr-20 13-Apr-20 28-Apr-20 1054 IRRA Cash Dividen 08-Apr-20 09-Apr-20 13-Apr-20 30-Apr-20 6 IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Bhakti aMulti' Artha Tbk Jasa Utama Capital Sekuritas 02 - 08 April 2020 15-Apr-20 100 103
Bumi Benowo Sukses Sejahtera Tbk Mirae Asset Sekuritas 02 - 07 April 2020 15-Apr-20 160 120
Right Issue
Code OS NS Price (IDR) Cum Date Ex Date Trading Period
TNCA 2 : 3 344 08-Jan-20 09-Jan-20 14 - 20 Januari 2020
FAST 100 : 7 1.25 18-Jun-20 19-Jun-20 24 - 30 Juni 2020
Source: KSEI and OSO Research Team
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