osodaily - oso-securities.com daily 09 maret 2020.pdf(dewa) pada awal tahun mencapai 11,07 juta bank...
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OSODaily 09 Maret 2020
ODAY TOP STOCK TRADED (LQ45)
JAKARTA COMPOSITE INDEX
5.498,54 (139,59)
-2,48%
Previous 5.638,13 Lowest
5.498,54 Highest 5.577,80 Val IDR bn
6.689
Volbn 4.991 Mkt Cap IDRtr
6.356,88 Net Forg 1DIDRbn (1.310,44) Net ForgYTDIDRbn
(6.578,71)
Return YTD (%) (12,72) Month to date (%)
0,84
Indices
Last Chg% YTD% Americas
Dow Jones United States 25.864,78 (0,98) 1,63 S&P 500 United States 2.972,37 (1,71) 8,36 Nasdaq United States 8.575,62 (1,87) 15,76 EIDO United States 21,29 (2,56) (15,04) EMEA
FTSE 100 United Kingdom 6.462,55 (3,62) (9,03)
CAC 40 France 5.139,11 (4,14) (1,76) D DAX Germany 11.541,87 (3,37) 0,73
Asia Pacific
Nikkei Japan 21.329,12 (2,72) (3,92) Shanghai China 3.071,68 (1,21) (2,18) TWSE Taiwan 11.514,82 (1,68) 9,31 KOSPI Korea 2.085,26 (2,16) (6,22) KLSE Malaysia 1.491,03 (0,53) (12,08) ST – Times Singapore 3.018,27 (1,90) (8,13) Sensex India 38.470,61 (2,32) 2,57 Hangseng Hongkong 26.767,87 (2,32) (9,96)
Sectoral Previous Last Chg% YTD% AGRICULTURE 1.200,12 1.188,58 (0,96) (22,03) MINING 1.370,42 1.356,08 (1,05) (12,43) MISC INDUSTRY 1.064,48 1.011,68 (4,96) (17,34) BASIC INDUSTRY 793,45 774,60 (2,38) (20,81) CONSUMER GOODS 1.837,88 1.811,16 (1,45) (11,77) PROPERTY 431,68 422,18 (2,20) (16,21) INFRASTRUKTUR 1.021,41 995,25 (2,56) (12,51) FINANCE 1.272,95 1.233,95 (3,06) (8,91) MANUFAKTURE 1.260,97 1.231,86 (2,31) (15,67) TRADE 677,71 665,94 (1,74) (13,50) LQ 45 919,69 887,03 (3,55) (12,56)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 45,90 41,28 (10,07) (48,64) Gold (USD tr.oz) 1.672,23 1.673,83 0,10 11,97 Nickel (USD/mtrc ton) 12.890,00 12.840,00 (0,39) (8,45) Tin (USD/mtrc ton) 17.025,00 16.875,00 (0,88) (1,75) Copper (USD/mtrc ton) 5.674,00 5.607,00 (1,18) (9,18) CPO (MYR/ton) 2.532,00 2.448,00 (3,32) (19,50) Coal (USD/ton) 66,10 66,10 - (2,44)
Currencies
Last Chg% YTD% IDR / USD
14.243,00 (0,91) (2,65)
IDR / AUD
9.450,81 (1,34) 2,83 IDR / EUR
16.046,68 (1,81) (3,07)
IDR /SGD
10.308,30 (1,14) 0,00 IDR / JPY
134,56 (2,37) (5,08)
IDR / GBP
18.466,87 (2,25) (1,32) Global Macro Economics CB Rate CPI YoY GDP YoY United States 1,25 2,50 2,30 Euro Area 0,00 1,20 0,90 United Kingdom 0,75 1,80 1,10 Japan 0,10 0,70 -0,40 China 4,35 5,40 6,00 Domestic macro Economics Latest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 5,99 4,93 (6,98) GovBonds (10y) 6,77 3,14 (4,22)
Inflasi YoY 2,98
Inflasi MoM 0,28 Bi rate 4,75 GDP Growth YoY (%) 4,97
Foreign Reserve (Bn) 130,40 Government Bonds Yield% Wow% Ytd% 7 Year 6,77 6,67 6,67 15 Year 7,28 7,28 7,28 20 Year 7,32 7,32 7,32 30 Year 7,56 7,56 7,56
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan akhir pekan kemarin (06/03) IHSG ditutup melemah sebesar 2.48% ke level 5.498.54. Seluruh indeks sektoral ditutup dalam teritori negatif, dimana sektor aneka industri dan keuangan memimpin pelemahan masing-masing sebesar 4.96% dan 3.06%. Adapun saham yang menjadi pemberat indeks diantaranya ; BBCA, BBRI, BMRI, ASII, HMSP. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 1.31 triliun. Nilai tukar rupiah terdepresiasi sebesar 0.91% ke level 14.235. Global Review Pada perdagangan Jum'at (06/03) bursa saham Wall Street kompak ditutup dalam zona merah, dimana Dow Jones melemah 0.98%, S&P 500 turun 1.78% dan Nasdaq negatif 1.89%. Penurunan tersebut seiring dengan penyebaran virus Corona yang semakin meluas, tercatat hingga saat ini kasus orang yang terinfeksi virus tersebut mencapai lebih dari 100.000 orang di berbagai negara. Selain itu dampak yang ditimbulkan juga cukup signifikan terhadap pertumbuhan ekonomi global sehingga membuat investasi aset berisiko seperti pasar saham di berbagai negara turut jatuh. JCI Prediction IHSG ditutup turun sebesar 2.48% ke level 5.498,54. IHSG ditutup bearish candle. Adapun indikator Stochastic netral dan MACD histogram kembali bergerak negatif dengan Volume turun. Kami perkirakan IHSG bergerak melemah dengan pergerakan di kisaran 5.354-5.524.
Major Economic Release
Foreign Exchange Reserves Japan bulan
Februari naik ke level US$ 1.359 miliar dari
sebelumnya senilai US$ 1.342 miliar.
Foreign Exchange Reserves Indonesia bulan
Februari turun ke level US$ 130.4 miliar dari
sebelumnya senilai US$ 131.7 miliar.
Balance of Trade United States bulan
Februari defisit senilai US$ 45.3 miliar.
Unemployment Rate bulan Februari
tercatat sebesar 3.5% turun dari
sebelumnya di level 3.6%.
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OSODaily 09 Maret 2020
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
BTPS IJ Equity
4.090 0,74 (3,76) 31,51 0,77
UNVR IJ Equity
7.450 0,68 (11,31) 284,22 1,07
ICBP IJ Equity
10.950 - (1,79) 127,70 0,65
INTP IJ Equity
14.950 (0,33) (21,42) 55,03 1,80
PTBA IJ Equity
2.450 (0,41) (7,89) 28,23 1,17
Top Losers
Last Chg% YTD% MC (T) Beta
BSDE IJ Equity
1.015 (7,73) (19,12) 19,54 1,66
KLBF IJ Equity
1.235 (7,14) (23,77) 57,89 1,50
EXCL IJ Equity
2.310 (6,85) (26,67) 24,69 1,15
BBNI IJ Equity
6.400 (6,23) (18,47) 119,35 1,56
ASII IJ Equity
5.675 (6,20) (18,05) 229,74 1,35
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
BBRI IJ Equity
4.010 159,4 (8,9) 494,62 1,49
TOWR IJ Equity
840 88,8 4,3 42,85 0,60
TLKM IJ Equity
3.750 86,5 (5,5) 371,48 0,83
PGAS IJ Equity
1.345 56,3 (38,0) 32,60 1,69
ANTM IJ Equity
610 49,8 (27,4) 14,66 1,82
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBRI IJ Equity
4.010 535,7 (8,9) 494,62 1,49
BBCA IJ Equity
31.000 481,0 (7,3) 764,31 1,00
BMRI IJ Equity
7.250 379,7 (5,5) 338,33 1,50
TLKM IJ Equity
3.750 379,6 (5,5) 371,48 0,83
BBNI IJ Equity
6.400 250,4 (18,5) 119,35 1,56
Top Gainers Last Chg% YTD% MC (T) Beta
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2020F Asia Pacific
IHSG
Indonesia 5.499 16,88 1,57 6.339
Nikkei
Japanese 20.750 18,36 1,54 25.623
Shanghai
China 3.035 14,59 1,48 3.327
TWSE
Taiwan 11.322 18,06 1,68 12.755
KOSPI
Korea 2.040 18,50 0,79 2.699
KLSE
Malaysia 1.483 16,57 1,47 1.652
ST - Times
Singapore 2.961 11,32 1,00 3.482
Sensex
India 37.577 22,99 2,93 46.996
Hangseng
Hongkong 26.147 10,95 1,15 32.173
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
UNVR IJ Equity
7450 0,68 (11,31) 284 1,07
STTP IJ Equity
6000 14,29 33,33 8 0,47
PLIN IJ Equity
3220 6,62 (2,42) 11 0,07
TURI IJ Equity
1200 9,09 33,33 7 (0,35)
BNLI IJ Equity
1335 1,52 5,53 37 0,89
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
31000 (3,65) (7,26) 764 1,00
BBRI IJ Equity
4010 (3,37) (8,86) 495 1,49
BMRI IJ Equity
7250 (4,61) (5,54) 338 1,50
ASII IJ Equity
5675 (6,20) (18,05) 230 1,35
HMSP IJ Equity
1715 (3,92) (18,33) 199 1,27
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1.237,12 (5,32) (10,44)
Oso Syariah Equity Fund
469,18 (11,08) (17,06)
Source: Bloomberg LP & OSO Research Team
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COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS
Cadangan devisa (cadev) Indonesia pada Februari 2020 rupanya menurun. Bank Indonesia (BI) mencatat cadev pada akhir bulan lalu sebesar US$ 130,4 miliar atau lebih rendah dari bulan sebelumnya yang sebesar US$ 131,7 miliar. Penurunan cadev pada bulan kedua tahun ini salah satunya disebabkan oleh adanya pembayaran utang luar negeri (ULN) oleh pemerintah.
Efek wabah virus Corona terhadap perekonomian global kian terasa, terutama di kawasan Asia dan tak lepas juga Indonesia. Indef memproyeksi, ekonomi Indonesia berpotensi kehilangan Rp 127 triliun seiring dengan prospek pertumbuhan yang kian tertekan. Pemerintah sebelumnya telah menyatakan bahwa setiap penurunan ekonomi China sebesar 1% akan berimbas pada penurunan ekonomi Indonesia sebesar 0,3%.
Arab Saudi berencana meningkatkan produksi minyak pada bulan depan hingga lebih dari 10 juta barel per hari setelah pecah kongsi dengan Rusia. Negara pengekspor minyak terbesar di dunia tersebut juga mulai memangkas harga jual minyak mentah sejak Sabtu (7/3/2020) ke level terendah dalam 30 tahun terakhir. Aramco, perusahaan minyak milik Pemerintah Saudi Arabia, menawarkan diskon agar konsumen di Asia, Eropa, dan AS tetap menggunakan hasil produksi mereka.
CORPORATES NEWS Per Januari 2020, penjualan PT Indocement Tunggal Prakarsa Tbk (INTP) tercatat 1,33 juta ton semen. Realisasi ini
turun bila dibandingkan dengan penjualan pada periode yang sama tahun lalu. Volume penjualan semen pada Januari 2020 mencapai 1,33 juta ton atau mengalami penurunan 10% dibandingkan dengan pencapaian tahun lalu.
PT Tower Bersama Infrastructure Tbk (TBIG) akan melakukan penawaran umum berkelanjutan (PUB) Obligasi Berkelanjutan III Tower Bersama Infrastructure dengan target dana yang akan dihimpun sebesar Rp 7 triliun.
PT Multi Bintang Indonesia Tbk (MLBI) mencatatkan kenaikan penjualan sepanjang tahun 2019. MLBI berhasil mengantongi penjualan bersih sebesar Rp 3,71 triliun pada akhir 2019 lalu. Jumlah tersebut tumbuh tipis 3,92% dibandingkan dengan tahun sebelumnya yang besar Rp 3,57 triliun.
PT Hero Supermarket Tbk. (HERO) berhasil membukukan laba sebesar Rp70,84 miliar sepanjang tahun 2019.Dikutip dari laporan keuangan per 31 Desember 2019 melalui halaman keterbukaan informasi Bursa Efek Indonesia (BEI), angka tersebut mencerminkan berbanding terbalik dari posisi rugi tahun sebelumnya sebesar Rp1,25 triliun.
PT Adhi Karya (Persero) Tbk. membukukan kontrak baru sebesar Rp1,8 triliun sepanjang dua bulan pertama tahun ini. Raihan nilai kontrak baru pada Februari meningkat cukup tajam dibandingkan Januari yang baru mencapai Rp408 Miliar. Dengan tambahan kontrak ini, total order book yang dimiliki perseroan mencapai Rp45 triliun.
PT Dharma Henwa Tbk. (DEWA) pada awal tahun mencapai 11,07 juta bank cubic meter (bcm). Berdasarkan laporan operasional perseroan, DEWA mencatatkan pengupasan sebesar 11,07 juta bcm. Jumlah itu naik 21,58 persen dibandingkan dengan periode yang sama tahun lalu sebesar 9,12 juta bcm.
PT Estika Tata Tiara Tbk. (BEEF) merevisi target pertumbuhan pendapatan 10 persen hingga 20 persen dari
proyeksi awal. Proyeksi pertumbuhan dipangkas karena khawatir impor bahan baku tersendat akibat dampak
penyebaran virus corona.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Negatif Stochastic : Golden Cross Volume : Tren Naik
Recommendation : Trading Buy Entry Buy : 1.315 – 1.335 Target Price : 1.365 – 1.380 Support : 1.310 – 1.315 Cutloss : 1.305
DAILY TECHNICAL
BNLI : Pemegang Saham Bangkok Bank Akhirnya Restui Akuisisi Bank Permata Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) Bangkok Bank yang digelar Kamis (5/3) di Bangkok, Thailand akhirnya merestui aksi perseroan untuk mencaplok PT Bank Permata Tbk (BNLI). Persetujuan ini dihasilkan setelah 85,46% suara pemegang saham menyetujui aksi akuisisi. Sementara 14,34% suara menyatakan tidak setuju, dan 0,20% suara abstain dalam pemungutan. Mengingatkan, Desember tahun lalu, Astra dan Standard Chartered telah meneken perjanjian jual beli saham (CSPA) dengan Bangkok Bank. Mereka bakal melepas 44,56% atau total sebanyak 89,12% saham Bank Permata dengan harga taksiran mencapai Rp 37,43 triliun.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.365. Apabila break 1.365 next harga ke level 1.380. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.305 jika sudah melewati support 1.310 – 1.315.
BNLI l PE : 25,0 l PBV : 1,56 l ROE : 6,45 l NPM : 19,16 l DER : 41,94 l Fair Value : 1.215
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Downtrend MACD line/histogram : Ke Arah Positif Stochastic : Bullish Volume : Meningkat Recommendation : Trading Buy Entry Buy : 980 – 990 Target Price : 1.015 – 1.025 Support : 970 – 980 Cutloss : 965
DAILY TECHNICAL
BUY BJBR l PE : 6,2 l PBV : 0,90 l ROE : 11,98 l NPM : 21,63 l DER : 211,46 l Fair Value : 1.525
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.015. Apabila break 1.015 next harga ke level 1.025. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 965 jika sudah melewati support 970 – 980.
NOTE:
BJBR : Pefindo Beri Peringkat idA Obligasi Subordinasi Berkelanjutan II Bank BJB PEFINDO memberikan peringkat "idA" atas rencana penerbitan Obligasi Subordinasi Berkelanjutan II PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB) senilai maksimum Rp1 triliun, termasuk tahap I/2020 sebesar Rp500 miliar. Pada saat yang sama, PEFINDO menetapkan kembali peringkat "idAA-" untuk Bank BJB dan Obligasi Berkelanjutan I/2017, serta peringkat "idA" untuk Obligasi subordinasi Berkelanjutan I/2017. Peringkat obligasi subordinasi adalah dua tingkat lebih rendah dari peringkat Perusahaan untuk mengakomodasi risiko surat utang tersebut yang dapat diturunkan nilainya jika non-viability event terjadi, sebagaimana tercatat dalam Peraturan Bank Indonesia nomor 15/12/PBI/2013. Prospek peringkat tersebut adalah "stabil".
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 342 – 350 Target Price : 362 – 372 Support : 336 – 342 Cutloss : 334
DAILY TECHNICAL
BUY SQMI l PE : N/A l PBV : N/A l ROE : N/A l NPM : (2.025,44) l DER : N/A l Fair Value : N/A
SQMI : Target Produksi Emas Perusahaan Diharapkan Bisa Mencapai 185 Ribu Troy Ons Per Tahun PT Renuka Coalindo Tbk (SQMI) sebelumnya bergerak di sektor batu-bara, namun kini juga menggali emas. Perseroan resmi diambilalih oleh Wilton Resources Holding Pte. Ltd (WRH) dan saat ini memiliki kepemilikan sebesar 96,95% atas perusahaan. PT Renuka Coalindo Tbk (SQMI) mulai Juni 2019 memproduksi emas dalam bentuk ore. Target produksi emas perusahaan diharapkan bisa mencapai 185 ribu troy ons per tahun dan memperbaiki kinerja keuangannya. Tambang yang berlokasi di Jawa Barat ini memiliki total cadangan sebanyak 26 ton gold content.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 362. Apabila break 362 next harga ke level 372. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 334 jika sudah melewati support 336 – 342.
NOTE:
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Sector Rotation
Mingguan
Bulanan
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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 BASIC INDUSTRY
BRPT IJ Equity 970 (4,43) (35,76) 5,06 469,01 11,95 0,21 1,20 98,23 840 -13% Sell
CPIN IJ Equity 6.200 (4,62) (4,62) 5,08 27,94 17,34 13,14 19,08 22,95 5.773 -7% Sell
INKP IJ Equity 6.000 (4,00) (22,08) 0,58 7,39 2,46 3,57 8,09 113,83 11.300 88% Buy
INTP IJ Equity 14.950 (0,33) (21,42) 2,46 32,30 18,57 6,43 7,58 0,50 20.193 35% Buy
JPFA IJ Equity 1.480 (2,63) (3,58) 1,61 9,79 4,16 7,32 17,32 75,31 2.014 36% Buy
SMGR IJ Equity 10.800 (2,70) (10,00) 2,05 28,03 8,22 3,48 7,46 30,13 15.338 42% Buy
TKIM IJ Equity 7.300 (3,95) (28,95) 1,15 10,56 12,42 5,01 11,50 120,71 13.000 78% Buy
Industry Average in LQ45 2,57 83,57 10,73 5,59 10,32 65,95
Total of Industry Average 1,35 29,27 7,64 1,75 (11,25) 101,83
SECTOR CONSUMER GOODS
ACES IJ Equity 1.460 (1,68) (2,34) 5,59 25,11 18,18 19,19 23,99 2,72 1.636 12% Buy
GGRM IJ Equity 50.400 (1,08) (4,91) 2,05 10,46 6,29 13,37 20,54 38,38 59.922 19% Buy
HMSP IJ Equity 1.715 (3,92) (18,33) 6,25 14,23 10,78 28,65 44,36 0,33 2.180 27% Buy
ICBP IJ Equity 10.950 - (1,79) 5,33 25,64 14,98 13,90 22,21 9,06 12.321 13% Buy
INDF IJ Equity 6.950 (3,47) (12,30) 1,68 12,51 4,88 5,05 14,20 59,18 9.361 35% Buy
KLBF IJ Equity 1.235 (7,14) (23,77) 3,78 22,54 14,84 13,84 17,56 2,34 1.563 27% Buy
UNVR IJ Equity 7.450 0,68 (11,31) 53,81 38,45 25,25 36,08 116,74 75,07 8.788 18% Buy
Industry Average in LQ45 12,15 20,64 12,83 18,48 39,27 30,73
Total of Industry Average 3,83 27,25 10,81 7,57 (29,08) 54,84
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2.310 (6,85) (26,67) 1,29 130,48 2,33 1,18 3,80 140,83 3.830 66% Buy
JSMR IJ Equity 4.740 (3,07) (8,41) 1,90 17,79 5,29 2,28 11,28 157,26 6.503 37% Buy
PGAS IJ Equity 1.345 (5,61) (38,02) 0,88 10,54 1,83 3,09 7,33 109,43 2.160 61% Buy
TBIG IJ Equity 1.085 (2,25) (11,79) 6,61 34,32 5,75 2,29 19,49 532,56 1.284 18% Buy
TLKM IJ Equity 3.750 (2,09) (5,54) 3,73 18,34 5,65 9,65 21,31 37,58 4.683 25% Buy
TOWR IJ Equity 840 (2,33) 4,35 5,01 20,58 8,56 8,55 25,79 142,95 991 18% Buy
Industry Average in LQ45 3,24 38,67 4,90 4,51 14,83 186,77
Total of Industry Average 2,03 26,64 9,28 (2,74) (1,70) 132,04
Source: Bloomber LP
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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 1.160 (1,28) (25,40) 0,69 6,41 2,57 5,66 10,95 48,89 1.522 31% Buy
AKRA IJ Equity 2.430 (4,33) (38,48) 1,19 13,50 7,45 4,57 11,23 42,61 4.200 73% Buy
ANTM IJ Equity 610 (3,17) (27,38) 0,73 18,22 6,38 2,46 4,12 50,26 1.006 65% Buy
INCO IJ Equity 2.570 (3,75) (29,40) 0,92 30,90 8,17 2,59 3,00 0,06 3.723 45% Buy
ITMG IJ Equity 10.425 (4,36) (9,15) 0,90 6,18 3,43 9,76 13,90 1,20 13.007 25% Buy
PTBA IJ Equity 2.450 (0,41) (7,89) 1,50 6,57 4,58 16,14 23,67 3,42 2.715 11% Buy
Industry Average in LQ45 0,99 13,63 5,43 6,86 11,15 24,41
Total of Industry Average 1,36 23,58 7,19 0,61 (2,26) 95,12
SECTOR MISC INDUSTRY
ASII IJ Equity 5.675 (6,20) (18,05) 1,55 10,58 5,80 6,23 15,24 49,42 7.329 29% Buy
SRIL IJ Equity 200 (3,85) (23,08) 0,49 3,27 1,29 6,22 15,93 139,64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1,02 6,92 3,54 6,23 15,59 94,53
Total of Industry Average 2,16 39,60 5,83 2,36 19,50 94,40
SECTOR PROPERTY
BSDE IJ Equity 1.015 (7,73) (19,12) 0,67 6,42 6,85 5,69 11,03 46,06 1.591 57% Buy
CTRA IJ Equity 885 (3,80) (14,90) 1,12 16,23 6,93 2,94 7,16 50,80 1.294 46% Buy
PTPP IJ Equity 1.105 (4,74) (30,28) 0,53 5,86 2,48 2,27 9,37 74,03 1.956 77% Buy
PWON IJ Equity 530 (2,75) (7,02) 1,77 8,76 7,22 11,59 22,21 36,44 674 27% Buy
WIKA IJ Equity 1.795 (1,91) (9,80) 1,02 7,24 3,82 3,72 15,29 78,93 2.600 45% Buy
WSKT IJ Equity 975 (3,47) (34,34) 0,73 9,54 2,62 1,04 7,79 224,10 1.649 69% Buy
Industry Average in LQ45 0,97 9,01 4,99 4,54 12,14 85,06
Total of Industry Average 2,57 10,81 8,87 3,56 7,35 45,96
Source: Bloomber LP
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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 1.730 (3,35) (3,62) 1,17 15,52 5,84 3,42 8,28 88,81 2.100 21% Buy
LPPF IJ Equity 2.850 (4,36) (32,30) 4,35 5,87 3,74 27,70 76,74 - 3.418 20% Buy
MNCN IJ Equity 1.290 (3,73) (20,86) 1,45 7,24 4,39 13,22 21,24 42,22 1.888 46% Buy
SCMA IJ Equity 1.085 (5,65) (23,05) 3,06 12,99 8,82 19,59 26,60 0,33 1.771 63% Buy
UNTR IJ Equity 17.300 (4,02) (19,63) 1,11 5,71 2,57 9,92 20,20 22,89 23.398 35% Buy
Industry Average in LQ45 2,23 9,46 5,07 14,77 30,61 30,85
Total of Industry Average 2,04 24,70 63,14 0,66 0,88 66,30
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 31.000 (3,65) (7,26) 4,39 26,75 86,78 1,30 6,57 6,38 33.250 7% Hold
BBRI IJ Equity 4.010 (3,37) (8,86) 2,38 14,27 89,64 2,62 6,78 66,52 4.812 20% Buy
BBNI IJ Equity 6.400 (6,23) (18,47) 0,97 7,75 93,76 2,30 5,03 59,54 8.910 39% Buy
BBTN IJ Equity 1.660 (3,49) (21,70) 0,74 85,24 113,51 4,78 3,15 225,31 2.170 31% Buy
BMRI IJ Equity 7.250 (4,61) (5,54) 1,65 12,31 100,37 2,33 5,30 50,07 8.802 21% Buy
BTPS IJ Equity 4.090 0,74 (3,76) 5,84 22,51 479,42 1,37 39,48 140,00 4.413 8% Hold
Industry Average in LQ45 2,03 29,27 96,81 2,67 5,37 81,56
Total of Industry Average 43,82 30,08 111,11 3,27 7,34 82,78
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 1.460 (2,3) Positif Trading Negatif 1.435 1.560 1.680 1.465 1.455 1.430 1.490 1.500 1.410 Hold
ADRO IJ Equity 1.160 (25,4) Negatif Oversold Negatif 1.115 1.265 1.415 1.155 1.130 1.115 1.170 1.195 1.100 Speculative Buy
AKRA IJ Equity 2.430 (38,5) Positif Strong Buy Negatif 2.430 2.945 3.460 2.480 2.425 2.370 2.535 2.590 2.330 Buy
ANTM IJ Equity 610 (27,4) Negatif Oversold Negatif 575 665 760 620 605 595 630 645 585 Speculative Buy
ASII IJ Equity 5.675 (18,1) Negatif Trading Positif 5.675 6.050 6.450 5.825 5.675 5.550 5.950 6.100 5.450 Hold
BBCA IJ Equity 31.000 (7,3) Negatif Trading Negatif 30.800 32.800 34.825 31.375 31.000 30.625 31.750 32.125 30.175 Sell
BBNI IJ Equity 6.400 (18,5) Positif Oversold Negatif 6.675 7.350 8.025 6.550 6.400 6.250 6.700 6.850 6.150 Speculative Buy
BBRI IJ Equity 4.010 (8,9) Positif Oversold Negatif 4.030 4.395 4.760 4.025 4.000 3.975 4.050 4.075 3.915 Speculative Buy
BBTN IJ Equity 1.660 (21,7) Positif Oversold Negatif 1.650 1.790 1.935 1.680 1.655 1.630 1.705 1.730 1.605 Speculative Buy
BMRI IJ Equity 7.250 (5,5) Negatif Trading Negatif 7.125 7.675 8.200 7.325 7.250 7.150 7.425 7.500 7.025 Sell
BRPT IJ Equity 970 (35,8) Positif Oversold Negatif 910 1.130 1.350 985 965 945 1.005 1.025 930 Speculative Buy
BSDE IJ Equity 1.015 (19,1) Negatif Trading Positif 985 1.095 1.200 1.045 1.015 990 1.070 1.100 975 Hold
BTPS IJ Equity 4.090 (3,8) Negatif Trading Negatif 3.650 4.255 4.860 4.075 4.010 3.935 4.150 4.215 3.875 Sell
CPIN IJ Equity 6.200 (4,6) Negatif Trading Positif 5.650 6.325 6.975 6.275 6.150 6.000 6.425 6.550 5.900 Hold
CTRA IJ Equity 885 (14,9) Positif Trading Positif 875 935 990 895 885 865 915 925 855 Speculative Buy
ERAA IJ Equity 1.730 (3,6) Negatif Trading Negatif 1.620 1.750 1.880 1.740 1.715 1.675 1.780 1.805 1.650 Sell
EXCL IJ Equity 2.310 (26,7) Positif Oversold Positif 2.380 2.645 2.910 2.380 2.305 2.230 2.455 2.530 2.195 Buy
GGRM IJ Equity 50.400 (4,9) Positif Oversold Negatif 50.025 54.100 58.175 50.350 50.000 49.425 50.925 51.275 48.700 Speculative Buy
HMSP IJ Equity 1.715 (18,3) Negatif Oversold Negatif 1.665 1.885 2.105 1.740 1.715 1.695 1.760 1.785 1.665 Speculative Buy
ICBP IJ Equity 10.950 (1,8) Negatif Trading Positif 10.225 10.925 11.625 10.875 10.725 10.625 10.975 11.125 10.450 Hold
INCO IJ Equity 2.570 (29,4) Negatif Oversold Negatif 2.445 2.970 3.495 2.590 2.555 2.510 2.635 2.670 2.470 Speculative Buy
INDF IJ Equity 6.950 (12,3) Negatif Trading Positif 6.550 7.175 7.775 7.050 6.950 6.850 7.150 7.250 6.750 Hold
INKP IJ Equity 6.000 (22,1) Negatif Trading Positif 5.625 6.275 6.900 6.050 5.975 5.900 6.125 6.200 5.800 Hold
source: Bloomberg Lp
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OSODaily 09 Maret 2020
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 14.950 (21,4) Positif Oversold Negatif 14.150 16.025 17.875 14.875 14.375 13.925 15.325 15.825 13.700 Speculative Buy
ITMG IJ Equity 10.425 (9,2) Positif Trading Positif 9.900 10.675 11.450 10.575 10.375 10.175 10.775 10.975 10.025 Speculative Buy
JPFA IJ Equity 1.480 (3,6) Negatif Trading Positif 1.395 1.495 1.590 1.490 1.480 1.465 1.505 1.515 1.440 Hold
JSMR IJ Equity 4.740 (8,4) Negatif Trading Negatif 4.660 4.875 5.075 4.790 4.725 4.650 4.865 4.930 4.580 Sell
KLBF IJ Equity 1.235 (23,8) Negatif Trading Negatif 1.175 1.350 1.525 1.280 1.235 1.190 1.325 1.370 1.170 Sell
LPPF IJ Equity 2.850 (32,3) Positif Oversold Negatif 2.955 3.265 3.575 2.900 2.830 2.740 2.990 3.060 2.700 Speculative Buy
MNCN IJ Equity 1.290 (20,9) Negatif Oversold Negatif 1.225 1.425 1.625 1.305 1.280 1.250 1.335 1.360 1.230 Speculative Buy
PGAS IJ Equity 1.345 (38,0) Negatif Oversold Positif 1.305 1.470 1.630 1.365 1.340 1.310 1.395 1.420 1.290 Speculative Buy
PTBA IJ Equity 2.450 (7,9) Negatif Trading Positif 2.195 2.345 2.500 2.445 2.405 2.385 2.465 2.505 2.345 Hold
PTPP IJ Equity 1.105 (30,3) Positif Oversold Negatif 1.080 1.330 1.580 1.115 1.100 1.085 1.130 1.145 1.065 Speculative Buy
PWON IJ Equity 530 (7,0) Negatif Trading Negatif 510 550 595 535 530 525 540 545 515 Sell
SCMA IJ Equity 1.085 (23,0) Negatif Oversold Negatif 1.055 1.270 1.480 1.110 1.085 1.055 1.140 1.165 1.040 Speculative Buy
SMGR IJ Equity 10.800 (10,0) Negatif Trading Negatif 10.350 11.375 12.400 10.825 10.650 10.425 11.050 11.225 10.275 Sell
SRIL IJ Equity 200 (23,1) Negatif Trading Positif 193 213 232 202 200 198 204 206 195 Hold
TBIG IJ Equity 1.085 (11,8) Positif Trading Negatif 1.070 1.175 1.285 1.095 1.075 1.050 1.120 1.140 1.030 Hold
TKIM IJ Equity 7.300 (29,0) Negatif Trading Positif 5.925 7.475 9.025 7.250 7.025 6.800 7.475 7.700 6.675 Hold
TLKM IJ Equity 3.750 (5,5) Negatif Trading Positif 3.415 3.660 3.900 3.745 3.700 3.665 3.780 3.825 3.610 Hold
TOWR IJ Equity 840 4,3 Negatif Trading Negatif 815 865 915 845 830 815 860 875 805 Sell
UNTR IJ Equity 17.300 (19,6) Negatif Trading Positif 16.875 18.000 19.100 17.650 17.275 16.900 18.025 18.400 16.625 Hold
UNVR IJ Equity 7.450 (11,3) Negatif Trading Positif 6.850 7.400 7.975 7.375 7.300 7.125 7.550 7.625 7.025 Hold
WIKA IJ Equity 1.795 (9,8) Positif Oversold Negatif 1.790 1.940 2.090 1.790 1.780 1.755 1.815 1.825 1.730 Speculative Buy
WSKT IJ Equity 975 (34,3) Negatif Oversold Negatif 935 1.095 1.255 985 970 955 1.000 1.015 940 Speculative Buy
source: Bloomberg Lp
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OSODaily 09 Maret 2020
MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
05-Mar-20 GB New Car Sales YoY FEB GBR -2.9% -7.3%
US Unit Labour Costs QoQ Final Q4 USD 0.9% 2.5% 1.4%
US Continuing Jobless Claims 22/FEB USD 1729K 1722K
US Nonfarm Productivity QoQ Final Q4 USD 1.2% -0.3% 1.4%
US Initial Jobless Claims 29/FEB USD 218K 219K
US Factory Orders MoM JAN USD -0.5% 1.8% -0.3%
US Factory Orders ex Transportation JAN USD -0.1% 0.6%
US EIA Natural Gas Stocks Change 28/FEB USD -109Bcf 143Bcf
06-Mar-20 Japan, Household Spending YoY JAN JPY -3.9% -4.8%
Japan, Coincident Index Prel JAN JPY 94.7 94.1
Japan, Leading Economic Index Prel JAN JPY 90.3 91.6
Japan, Foreign Exchange Reserves FEB JPY $1359B $1342.3B
Indonesia, Foreign Exchange Reserves FEB IDN $130.4B $131.7B
GB Halifax House Price Index MoM FEB GBR 0.4% 0.4%
GB Halifax House Price Index YoY FEB GBR 4.1% 4.1%
US Balance of Trade JAN USD $-45.3B $-48.9B $-47.2B
US Non Farm Payrolls FEB USD 228K 225K 178K
US Unemployment Rate FEB USD 3.5% 3.6% 3.6%
US Average Hourly Earnings YoY FEB USD 3% 3.1% 3.2%
US Average Hourly Earnings MoM FEB USD 0.3% 0.2% 0.3%
US Average Weekly Hours FEB USD 3.1% 3.1%
US Exports JAN USD $208.6B $209.6B
US Government Payrolls FEB USD 15K 19K
US Imports JAN USD $253.9B $258.5B
US Participation Rate FEB USD 63.4%
US Manufacturing Payrolls FEB USD -12K -2K
US Nonfarm Payrolls Private FEB USD 206K 160K
09-Mar-20 Japan, GDP Growth Rate QoQ Final Q4 JPY 0.1% -1.6%
Japan, GDP Growth Annualized Final Q4 JPY 0.5% -6.3%
Japan, Current Account JAN JPY ¥524B
Japan, GDP Price Index YoY Final Q4 JPY 0.6% 1.3%
Japan, GDP Capital Expenditure QoQ Final Q4 JPY 0.5% -3.7%
Japan, Bank Lending YoY FEB JPY 1.9%
Japan, GDP External Demand QoQ Final Q4 JPY -0.3% 0.5%
Japan, GDP Private Consumption QoQ Final Q4 JPY 0.5% -2.9%
Indonesia, Consumer Confidence FEB IDN 121.7
US Consumer Inflation Expectations FEB USD 2.5%
Source: Bloomberg Lp
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CORPORATE ACTION
RUPS
Date Time Company Event Place
03-Mar-20 10:00 ARNA RUPST Puri Indah Financial Tower
05-Mar-20 9:00 CSIS RUPSLB Kantor perseroan 14:00 GEMS RUPSLB Sinarmas Land Plaza Tower 2
06-Mar-20 13:30 FINN RUPSLB Hotel HXC Harmoni Exchange 14:00 MEGA RUPST Menara Bank Mega Lt 3
09-Mar-20 9:00 LIFE RUPSLB Sinarmas Land Plaza Tower 2
10:00 SCPI RUPST Kantor perseroan
11-Mar-20 10:00 PADI RUPSLB TBA
12-Mar-20 9:30 BKSW RUPST Revenue Tower Lt 8
10:00 WOMF RUPSLB Sentral Senayan III Lt 28 13:30 FASW RUPST WTC 1 14:00 BBTN RUPST Menara Bank BTN Lt 6
16-Mar-20 13:30 TOPS RUPSLB Ruang Seminar BEI IPO
Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Batulicin Nusantara Maritim Tbk Jasa Utama Capital Sekuritas 03-Mar-20 09-Mar-20 105 700
Esta Multi Usaha Tbk Panin Sekuritas 03-Mar-20 09-Mar-20 120 200
Metro Healthcare Indonesia Tbk Jasa Utama Capital Sekuritas 03 - 09 Maret 2020 13-Mar-20 103 10.000
Makmur Berkah Amanda Tbk KGI Sekuritas 03 - 06 Maret 2020 13-Mar-20 125 137
Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
BMRI Cash Dividen 27-Feb-20 28-Feb-20 02-Mar-20 20-Mar-20 353 BBNI Cash Dividen 28-Feb-20 02-Mar-20 03-Mar-20 24-Mar-20 206
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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OSODaily 09 Maret 2020
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