OSODaily Daily 17... Disclaimer on. OSODaily 17 Februari 2020 ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX Pada perdagangan akhir pekan kemarin (14/02) 5.866,95 (5,01) …

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OSODaily 17 Februari 2020

ODAY TOP STOCK TRADED (LQ45)

JAKARTA COMPOSITE INDEX

5.866,95 (5,01)

-0,09%

Previous 5.871,95 Lowest

5.843,43 Highest 5.890,03 Val IDR bn

6.182

Volbn 5.436 Mkt Cap IDRtr

6.781,83 Net Forg 1DIDRbn (358,85) Net ForgYTDIDRbn

887,72

Return YTD (%) (6,87) Month to date (%)

(1,23)

Indices

Last Chg% YTD% Americas

Dow Jones United States 29.398,08 (0,09) 13,58 S&P 500 United States 3.380,16 0,18 21,78 Nasdaq United States 9.731,18 0,20 30,23 EIDO United States 24,09 (0,08) (7,27) EMEA

FTSE 100 United Kingdom 7.409,13 (0,58) 2,38

CAC 40 France 6.069,35 (0,39) 17,78 D DAX Germany 13.744,21 (0,01) 21,63

Asia Pacific

Nikkei Japan 23.827,73 (0,59) 12,05 Shanghai China 2.906,07 0,38 7,25 TWSE Taiwan 11.791,78 0,20 17,11 KOSPI Korea 2.232,96 0,48 0,80 KLSE Malaysia 1.539,16 0,34 (8,56) ST – Times Singapore 3.220,09 (0,00) (1,02) Sensex India 41.459,79 (0,49) 15,00 Hangseng Hongkong 27.730,00 0,31 (2,17)

Sectoral Previous Last Chg% YTD% AGRICULTURE 1.291,10 1.294,13 0,23 (15,11) MINING 1.413,96 1.409,86 (0,29) (8,96) MISC INDUSTRY 1.058,18 1.076,19 1,70 (12,07) BASIC INDUSTRY 847,60 856,34 1,03 (12,45) CONSUMER GOODS 1.901,79 1.907,57 0,30 (7,07) PROPERTY 446,38 446,98 0,13 (11,29) INFRASTRUKTUR 1.028,59 1.011,89 (1,62) (11,05) FINANCE 1.346,72 1.339,24 (0,56) (1,14) MANUFAKTURE 1.309,78 1.319,65 0,75 (9,66) TRADE 699,43 704,41 0,71 (8,50) LQ 45 954,21 953,95 (0,03) (5,97)

Commodities Previous Lastest Chg% YTD%

Oil (USD/bbl) 51,42 52,05 1,23 (14,99) Gold (USD tr.oz) 1.576,00 1.584,06 0,51 4,25 Nickel (USD/mtrc ton) 13.285,00 13.015,00 (2,03) (7,20) Tin (USD/mtrc ton) 16.590,00 16.525,00 (0,39) (3,78) Copper (USD/mtrc ton) 5.790,00 5.760,00 (0,52) (6,71) CPO (MYR/ton) 2.658,00 2.700,00 1,58 (11,21) Coal (USD/ton) 70,00 70,00 - 3,32

Currencies

Last Chg% YTD% IDR / USD

13.693,00 (0,14) 1,26

IDR / AUD

9.202,97 0,17 5,59 IDR / EUR

14.837,36 0,61 4,83

IDR /SGD

9.850,84 0,14 4,65 IDR / JPY

124,74 (0,51) 2,39

IDR / GBP

17.844,77 (0,68) 2,12 Global Macro Economics CB Rate CPI YoY GDP YoY United States 1,75 2,50 2,30 Euro Area 0,00 1,40 0,90 United Kingdom 0,75 1,30 1,10 Japan 0,10 0,80 1,70 China 4,35 5,40 6,00 Domestic macro Economics Lastest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 5,83 (0,03) (9,45) GovBonds (10y) 6,58 0,11 (6,81)

Inflasi YoY 2,68

Inflasi MoM 0,39 Bi rate 5,00 GDP Growth YoY (%) 4,97

Foreign Reserve (Bn) 131,70 Government Bonds Yield% Wow% Ytd% 7 Year 6,58 6,41 6,41 15 Year 7,07 7,07 7,07 20 Year 7,29 7,29 7,29 30 Year 7,52 7,52 7,52

Source: Bloomberg LP & OSO Research Team

Market Review Pada perdagangan akhir pekan kemarin (14/02) IHSG ditutup melemah tipis 0.09% ke level 5.866.95. Tiga dari sepuluh indeks sektoral ditutup dalam zona merah, dimana sektor infrastruktur dan keuangan memimpin pelemahan masing-masing sebesar 1.62% dan 0.56%. Adapun saham yang menjadi pemberat indeks diantaranya ; BBCA, TLKM. BBRI, BRPT, FREN. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 358 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.14% ke level 13.693. Global Review Pada perdagangan Jum'at (14/02) bursa saham Wall Street ditutup mixed dengan kecenderungan menguat, dimana S&P 500 dan Nasdaq naik sebesar 0.18% dan 0.20% sedangkan Dow Jones melemah 0.09%. Penguatan yang terjadi pada dua indeks utama Wall Street terjadi setelah adanya laporan dari Gedung Putih terkait insentif pajak untuk membeli saham di Amerika, dimana laporan tersebut menyebut pemerintah AS akan memperkenalkan insentif pajak bagi orang-orang yang berpenghasilan kurang dari US$ 200.000 hingga US$ 10.000 untuk berinvestasi di pasar saham AS. JCI Prediction IHSG ditutup turun sebesar 0.09% ke level 5.871. IHSG ditutup bullish candle. Adapun indikator Stochastic bearish dan MACD histogram bergerak negatif dengan Volume meningkat. Kami perkirakan IHSG berpeluang menguat dengan pergerakan di kisaran 5.843 – 5.929. Major Economic Release

Retail Sales United States bulan Januari

tercatat tunbuh 0.3% lebih tinggi dari

sebelumnya sebesar 0,2% (MoM).

Import Prices United States bulan Januari

tercatat tunbuh 0.3% lebih rendah dari

sebelumnya sebesar 0,5% (YoY).

Export Prices United States bulan Januari

tercatat tunbuh 0.5% lebih tinggi dari

sebelumnya turun sebesar 0,9% (YoY).



TODAY TOP STOCK TRADED (LQ45)

Top Gainers Last Chg% YTD% MC (T) Beta

CPIN IJ Equity

6.475 5,28 (0,38) 106,18 1,51

INTP IJ Equity

16.400 4,29 (13,80) 60,37 1,87

JPFA IJ Equity

1.495 4,18 (2,61) 17,53 1,13

UNTR IJ Equity

18.325 3,97 (14,87) 68,35 0,94

SRIL IJ Equity

216 2,86 (16,92) 4,42 0,71

Top Losers Last Chg% YTD% MC (T) Beta

EXCL IJ Equity

2.620 (3,32) (16,83) 28,00 1,35

BSDE IJ Equity

1.065 (3,18) (15,14) 20,50 1,70

ERAA IJ Equity

1.760 (2,49) (1,95) 5,61 1,31

TLKM IJ Equity

3.640 (2,41) (8,31) 360,59 0,80

ADRO IJ Equity

1.320 (2,22) (15,11) 42,22 1,48

Top Volume Last Volume (Mn) YTD% MC (T) Beta

BBRI IJ Equity

4.550 127,0 3,4 561,22 1,57

TLKM IJ Equity

3.640 108,8 (8,3) 360,59 0,80

ASII IJ Equity

6.100 60,9 (11,9) 246,95 1,33

PGAS IJ Equity

1.520 47,5 (30,0) 36,85 1,63

BRPT IJ Equity

1.200 45,5 (20,5) 106,82 1,26

Top Value Last Value (Bn) YTD% MC (T) Beta

BBRI IJ Equity

4.550 362,7 3,4 561,22 1,57

BMRI IJ Equity

7.825 343,9 2,0 365,17 1,57

BBCA IJ Equity

33.400 332,2 (0,1) 823,48 1,03

TLKM IJ Equity

3.640 242,8 (8,3) 360,59 0,80

ASII IJ Equity

6.100 201,4 (11,9) 246,95 1,33

Top Gainers Last Chg% YTD% MC (T) Beta

BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2020F Asia Pacific

IHSG

Indonesia 5.867 18,18 1,93 7.128

Nikkei

Japanese 23.688 20,52 1,77 25.573

Shanghai

China 2.917 13,97 1,42 3.286

TWSE

Taiwan 11.816 18,75 1,76 12.799

KOSPI

Korea 2.244 19,85 0,88 2.703

KLSE

Malaysia 1.544 17,76 1,55 1.716

ST - Times

Singapore 3.220 12,08 1,09 3.518

Sensex

India 41.258 25,14 3,25 46.892

Hangseng

Hongkong 27.816 10,87 1,21 32.305

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

ASII IJ Equity

6100 2,52 (11,91) 247 1,33

CPIN IJ Equity

6475 5,28 (0,38) 106 1,51

UNVR IJ Equity

7475 1,01 (11,01) 285 1,05

UNTR IJ Equity

18325 3,97 (14,87) 68 0,94

INTP IJ Equity

16400 4,29 (13,80) 60 1,87

Laggard


BBCA IJ Equity

33400 (1,62) (0,07) 823 1,03

TLKM IJ Equity

3640 (2,41) (8,31) 361 0,80

BBRI IJ Equity

4550 (0,44) 3,41 561 1,57

BRPT IJ Equity

1200 (2,04) (20,53) 107 1,26

FREN IJ Equity

106 (5,36) (23,19) 23 1,38

Movers


OSO MANAJEMEN INVESTASI

Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund

1.299,99 (6,75) (5,89)

Oso Syariah Equity Fund

474,95 (10,39) (16,04)

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)


OSODaily 05 April 2019


MACRO ECONOMIC & INDUSTRY NEWS

Pemerintah melalui Kementerian Keuangan melakukan penandatanganan enam perjanjian pinjaman luar negeri sepanjang Januari 2020. Pinjaman luar negeri tersebut terdiri dari empat pinjaman multilateral dan dua pinjaman bilateral dengan total senilai US$ 834,32 juta.

Efek wabah virus corona ke ekonomi China sepertinya memang berat. Bank Sentral China bahkan menyatakan akan mentolerir tingkat kredit macet yang lebih tinggi, sebagai bagian dari upaya untuk mendukung perusahaan yang terkena dampak epidemi virus corona.

Direktorat Jenderal (Ditjen) Bea Cukai Kementerian Keuangan (Kemenkeu) melaporkan penerimaan bea dan cukai hingga Januari mencapai Rp 9,79 triliun. Jumlah ini tumbuh 85,8% dibanding realisasi pada periode sama tahun lalu yang hanya Rp 4,52 triliun. Pencapaian ini didorong oleh kenaikan tarif cukai hasil tembakau (CHT) atau cukai rokok yang telah ditetapkan akhir tahun lalu.

CORPORATES NEWS

Grup Djarum, melalui PT Sapta Adhikari Investama (SAI), terus menambah porsi kepemilikan di PT Sarana Menara Nusantara Tbk (TOWR). Sepanjang tahun ini, Grup Djarum telah membeli sekitar 229,65 juta saham TOWR.

PT Indosat Tbk (ISAT) mengumumkan rencana penawaran pemutusan hubungan kerja (PHK) kepada sebanyak 677 karyawan. Dari 677 karyawan yang terdampak, lebih dari 80% telah setuju atau sekitar 541 orang menerima paket kompensasi.

Tahun 2019 sepertinya tahun yang berat buat industri perbankan, kinerja Bank Tabungan Negara (BBTN). Tahun lalu BBTN mencatatkan laba sebesar Rp 209 miliar. Angka tersebut terjun bebas 92,55% jika dibandingkan setahun sebelumnya yang tercatat Rp 2,81 triliun.

Penjualan emas PT Aneka Tambang Tbk (ANTM) terus melejit di tengah kenaikan harga. Penjualan emas (unaudited) Antam mencapai 34 ton, naik 22% secara tahunan. Ini adalah penjualan emas tahunan tertinggi ANTM. Sedangkan produksi logam emas Antam mencapai 1,96 ton emas.

PT Indonesia Kendaraan Terminal Tbk (IPCC) tengah menjajaki kemungkinan menjalin kerjasama dengan pabrikan kendaraan asal Korea Selatan, Hyundai Motor Company. Penjajakan kerjasama dalam pengiriman kendaraan yang diproduksi Hyundai untuk ekspor. Hal ini merupakan langkah positif bagi IPCC dalam menambah pangsa pasar dari para automaker.

PT MNC Kapital Indonesia Tbk (BCAP) mengumumkan realisasi penambahan modal tanpa hak memesan efek terlebih dahulu (HMETD) atau private placement sebesar Rp 119,63 miliar.

PT Surya Esa Perkasa Tbk (ESSA) berniat menerbitkan surat utang dengan nilai US$ 450 juta. ESSA akan merilis surat utang ini lewat anak usahanya, PT Panca Amara Utama atau anak usahanya. Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral

http://quote.kontan.co.id/TOWR

http://quote.kontan.co.id/ISAT

http://quote.kontan.co.id/ANTM

http://quote.kontan.co.id/IPCC

http://quote.kontan.co.id/BCAP

http://quote.kontan.co.id/ESSA




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Ke Arah Positif Stochastic : Bullish Volume : Meningkat

Recommendation : Trading Buy Entry Buy : 1.620 – 1.645 Target Price : 1.680 – 1.720 Support : 1.610 – 1.620 Cutloss : 1.605

DAILY TECHNICAL

Aces : Penambahan Gerai Ace Hardware Tak Lagi Terpusat Di Jakarta PT Ace Hardware Indonesia Tbk. (Aces) Menargetkan Penambahan 15 Gerai Dengan Proporsi Yang Hampir Sama Antara Gerai Tunggal Dan Menyatu Dengan Pusat Perbelanjaan Pada 2020. Corporate Secretary Pt Ace Hardware Indonesia, Helen Tanzil Menerangkan, Penambahan Gerai Emiten Peritel Berkode Saham Aces Tersebut Tidak Akan Terlalu Banyak Terpusat Di Jakarta.

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.680. Apabila break 1.680 next harga ke level 1.720. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.605 jika sudah melewati support 1.610 – 1.620.

ACES l PE : 27,7 l PBV : 6,17 l ROE : 23,99 l NPM : 13,32 l DER : 2,72 l Fair Value : 1.650

Souce: OSO Research Team

BUY

NOTE:




Technical

Medium/Minor trend : Downtrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat

Recommendation : Buy on weakness Entry Buy : 7.425 – 7.525 Target Price : 7.650 – 7.700 Support : 7.400 – 7.425 Cutloss : 7.375

DAILY TECHNICAL

BUY BBNI l PE : 9 l PBV : 1,13 l ROE : 13,34 l NPM : 30,98 l DER : 59,54 l Fair Value : 8.800

BBNI : Kementerian-BNI Salurkan Kur Rp 4,1 Miliar Untuk Petani Karanganyar Kementerian Pertanian bersama BNI menyalurkan pembiayaan kredit usaha rakyat (KUR) sebesar Rp4,1 miliar kepada 471 petani di Kabupaten Karanganyar, Jawa Tengah. Direktur Pembiayaan Pertanian Ditjen PSP Kementerian Pertanian Indah Megahwati menjelaskan pemberian KUR tani ini bertujuan mendorong kemandirian petani sehingga dapat mengembangkan usaha pertanian tanpa agunan dengan bunga yang rendah.



NOTE:




Technical

Medium/Minor trend : Downtrend MACD line/histogram : Ke Arah Positif Stochastic : Golden Cross Volume : Meningkat

Recommendation : Trading Buy Entry Buy : 1.470 – 1.495 Target Price : 1.525 – 1.535 Support : 1.465 – 1.470 Cutloss : 1.460

DAILY TECHNICAL

BUY JPFA l PE : 10,9 l PBV : 1,67 l ROE : 16,10 l NPM : 6,37 l DER : 59,63 l Fair Value : 2.010

JPFA : Bidik Pertumbuhan Hingga 15 Persen, Ini Strategi Japfa Comfeed PT Japfa Comfeed Indonesia Tbk. menargetkan pertumbuhan pendapatan pada 2020 dapat mencapai 10%-15% dibandingkan dengan 2019. Pada awal tahun, emiten berkode saham JPFA itu menargetkan pertumbuhan pendapatan sekitar 14%-17% dibandingkan dengan 2018 yang tercatat Rp34,01 triliun. Artinya, perseroan mengincar pendapatan sekitar Rp38,77 triliun sampai dengan Rp39,79 triliun. Adapun sampai dengan kuartal III/2019, emiten perunggasan itu telah merealisasikan pendapatan sebesar Rp27,17 triliun. Jumlah itu setara dengan 70,07% target tahun ini sebesar Rp38,77 triliun atau telah tumbuh 7,26% dibandingkan periode yang sama tahun lalu Rp25,33 triliun.



NOTE:




Sector Rotation

Mingguan

Bulanan



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 1.200 (2,04) (20,53) 6,54 605,84 15,44 0,21 1,20 98,23 840 -30% Sell

CPIN IJ Equity 6.475 5,28 (0,38) 5,31 29,18 18,11 13,14 19,08 22,95 5.968 -8% Sell

INKP IJ Equity 6.200 1,64 (19,48) 0,62 7,98 2,65 3,57 8,09 113,83 11.300 82% Buy

INTP IJ Equity 16.400 4,29 (13,80) 2,70 35,43 20,37 6,43 7,58 0,50 20.308 24% Buy

JPFA IJ Equity 1.495 4,18 (2,61) 1,74 11,34 4,59 6,39 16,10 59,63 2.048 37% Buy

SMGR IJ Equity 11.375 1,79 (5,21) 2,16 29,52 8,66 3,48 7,46 30,13 15.018 32% Buy

TKIM IJ Equity 7.450 (0,67) (27,49) 1,23 11,25 13,24 5,01 11,50 120,71 13.000 74% Buy

Industry Average in LQ45 2,90 104,36 11,87 5,46 10,14 63,71

Total of Industry Average 1,47 34,50 8,60 1,55 (11,83) 101,15

SECTOR CONSUMER GOODS

ACES IJ Equity 1.645 2,17 10,03 6,30 28,29 20,48 19,19 23,99 2,72 1.651 0% Hold

GGRM IJ Equity 54.575 (1,13) 2,97 2,22 11,32 6,81 13,37 20,54 38,38 59.085 8% Buy

HMSP IJ Equity 1.970 (0,51) (6,19) 7,18 16,34 12,38 28,65 44,36 0,33 2.189 11% Buy

ICBP IJ Equity 10.775 (0,23) (3,36) 5,25 25,23 14,74 13,90 22,21 9,06 12.487 16% Buy

INDF IJ Equity 7.150 2,14 (9,78) 1,73 12,87 5,02 5,05 14,20 59,18 9.322 30% Buy

KLBF IJ Equity 1.390 1,46 (14,20) 4,25 25,37 16,70 13,84 17,56 2,34 1.701 22% Buy

UNVR IJ Equity 7.475 1,01 (11,01) 53,99 38,58 25,34 36,08 116,74 75,07 8.718 17% Buy


Total of Industry Average 4,22 29,86 11,18 9,24 5,08 55,60

SECTOR INFRASTRUCTURE

EXCL IJ Equity 2.620 (3,32) (16,83) 1,46 130,48 2,64 1,18 3,80 140,83 3.890 48% Buy

JSMR IJ Equity 4.900 0,82 (5,31) 1,96 18,39 5,47 2,28 11,28 157,26 6.481 32% Buy

PGAS IJ Equity 1.520 1,00 (29,95) 1,03 12,44 2,16 3,09 7,33 109,43 2.157 42% Buy

TBIG IJ Equity 1.225 (0,41) (0,41) 7,46 38,74 6,49 2,29 19,49 532,56 1.337 9% Buy

TLKM IJ Equity 3.640 (2,41) (8,31) 3,62 17,80 5,49 9,65 21,31 37,58 4.769 31% Buy

TOWR IJ Equity 885 (0,56) 9,94 5,27 21,68 9,02 8,55 25,79 142,95 944 7% Hold


Total of Industry Average 2,16 27,51 9,71 (2,80) (2,06) 131,82

Source: Bloomber LP





SECTOR MINING

ADRO IJ Equity 1.320 (2,22) (15,11) 0,80 6,02 2,72 7,10 13,60 32,95 1.512 15% Buy

AKRA IJ Equity 3.040 (0,33) (23,04) 1,49 16,89 9,31 4,57 11,23 42,61 4.321 42% Buy

ANTM IJ Equity 675 (0,74) (19,64) 0,81 20,17 7,06 2,46 4,12 50,26 1.088 61% Buy

INCO IJ Equity 3.130 (1,57) (14,01) 1,20 393,42 18,29 0,25 0,29 1,94 3.869 24% Buy

ITMG IJ Equity 10.050 (0,99) (12,42) 0,88 4,91 2,70 11,77 17,06 - 13.202 31% Buy

PTBA IJ Equity 2.330 2,19 (12,41) 1,51 5,92 4,18 17,59 26,36 5,12 2.861 23% Buy


Total of Industry Average 1,51 35,48 7,92 0,71 (1,86) 95,02

SECTOR MISC INDUSTRY

ASII IJ Equity 6.100 2,52 (11,91) 1,73 12,06 6,34 5,92 14,87 49,27 7.866 29% Buy

SRIL IJ Equity 216 2,86 (16,92) 0,55 3,69 1,46 6,22 15,93 139,64 Neutral #VALUE! #VALUE!



SECTOR PROPERTY

BSDE IJ Equity 1.065 (3,18) (15,14) 0,71 6,73 7,18 5,69 11,03 46,06 1.616 52% Buy

CTRA IJ Equity 880 (0,56) (15,38) 1,11 16,14 6,89 2,94 7,16 50,80 1.327 51% Buy

PTPP IJ Equity 1.360 0,74 (14,20) 0,65 7,21 3,05 2,27 9,37 74,03 2.000 47% Buy

PWON IJ Equity 555 2,78 (2,63) 1,85 9,18 7,56 11,59 22,21 36,44 678 22% Buy

WIKA IJ Equity 1.945 - (2,26) 1,10 7,84 4,14 3,72 15,29 78,93 2.607 34% Buy

WSKT IJ Equity 1.095 (0,45) (26,26) 0,82 10,72 2,94 1,04 7,79 224,10 1.723 57% Buy



Source: Bloomber LP





SECTOR TRADE

ERAA IJ Equity 1.760 (2,49) (1,95) 1,20 15,79 5,94 3,42 8,28 88,81 2.060 17% Buy

LPPF IJ Equity 3.280 2,82 (22,09) 5,13 11,80 5,96 16,19 37,82 - 3.755 14% Buy

MNCN IJ Equity 1.505 1,01 (7,67) 1,69 8,45 5,12 13,22 21,24 42,22 1.888 25% Buy

SCMA IJ Equity 1.370 1,86 (2,84) 3,87 16,40 11,14 19,59 26,60 0,33 1.765 29% Buy

UNTR IJ Equity 18.325 3,97 (14,87) 1,22 6,39 2,67 9,42 19,84 17,95 24.932 36% Buy



Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation

SECTOR FINANCE

BBCA IJ Equity 33.400 (1,62) (0,07) 4,91 29,13 88,15 1,40 6,51 6,30 33.362 0% Sell

BBRI IJ Equity 4.550 (0,44) 3,41 2,70 16,19 89,64 2,62 6,78 66,52 4.756 5% Hold

BBNI IJ Equity 7.525 1,69 (4,14) 1,15 9,12 93,76 2,30 5,03 59,54 8.899 18% Buy

BBTN IJ Equity 1.765 0,86 (16,75) 0,77 13,64 103,45 2,82 3,54 188,00 2.234 27% Buy

BMRI IJ Equity 7.825 (0,32) 1,95 1,78 13,29 100,37 2,33 5,30 50,07 8.710 11% Buy

BTPS IJ Equity 4.390 (1,35) 3,29 8,46 33,77 454,49 1,39 38,72 149,94 4.439 1% Hold



Source: Bloomber LP



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 1.645 10,0 Positif Trading Negatif 1.555 1.620 1.690 1.625 1.595 1.560 1.660 1.690 1.535 Hold

ADRO IJ Equity 1.320 (15,1) Negatif Trading Positif 1.205 1.330 1.455 1.335 1.310 1.285 1.360 1.385 1.265 Hold

AKRA IJ Equity 3.040 (23,0) Positif Oversold Negatif 3.090 3.320 3.550 3.015 2.980 2.905 3.090 3.125 2.860 Speculative Buy

ANTM IJ Equity 675 (19,6) Positif Oversold Negatif 675 745 820 680 665 655 690 705 645 Speculative Buy

ASII IJ Equity 6.100 (11,9) Positif Oversold Negatif 5.850 6.575 7.325 6.025 5.950 5.850 6.125 6.200 5.750 Speculative Buy

BBCA IJ Equity 33.400 (0,1) Negatif Trading Positif 32.625 33.775 34.900 33.675 33.350 33.075 33.950 34.275 32.575 Hold

BBNI IJ Equity 7.525 (4,1) Negatif Trading Positif 7.075 7.425 7.775 7.450 7.325 7.175 7.600 7.725 7.075 Hold

BBRI IJ Equity 4.550 3,4 Positif Trading Negatif 4.430 4.595 4.760 4.550 4.510 4.490 4.570 4.610 4.425 Hold

BBTN IJ Equity 1.765 (16,7) Positif Oversold Negatif 1.685 1.925 2.160 1.755 1.740 1.715 1.780 1.795 1.690 Speculative Buy

BMRI IJ Equity 7.825 2,0 Negatif Trading Positif 7.500 7.725 7.925 7.800 7.750 7.700 7.850 7.900 7.575 Hold

BRPT IJ Equity 1.200 (20,5) Positif Trading Negatif 1.200 1.285 1.365 1.215 1.200 1.180 1.235 1.250 1.160 Hold

BSDE IJ Equity 1.065 (15,1) Positif Oversold Negatif 1.070 1.165 1.260 1.090 1.055 1.030 1.115 1.150 1.010 Speculative Buy

BTPS IJ Equity 4.390 3,3 Positif Trading Negatif 4.305 4.645 4.985 4.410 4.355 4.280 4.485 4.540 4.215 Hold

CPIN IJ Equity 6.475 (0,4) Positif Oversold Negatif 5.925 6.700 7.475 6.300 6.075 5.850 6.525 6.750 5.775 Speculative Buy

CTRA IJ Equity 880 (15,4) Positif Oversold Negatif 840 940 1.040 880 875 860 895 900 845 Speculative Buy

ERAA IJ Equity 1.760 (1,9) Negatif OverBought Positif 1.545 1.685 1.825 1.785 1.750 1.715 1.820 1.855 1.690 Sell

EXCL IJ Equity 2.620 (16,8) Positif Oversold Negatif 2.625 3.010 3.395 2.645 2.585 2.495 2.735 2.795 2.455 Speculative Buy

GGRM IJ Equity 54.575 3,0 Positif Trading Negatif 54.575 56.575 58.600 54.850 54.150 53.375 55.625 56.325 52.550 Hold

HMSP IJ Equity 1.970 (6,2) Positif Oversold Negatif 1.945 2.095 2.240 1.980 1.965 1.945 2.000 2.015 1.915 Speculative Buy

ICBP IJ Equity 10.775 (3,4) Positif Oversold Negatif 10.975 11.500 12.025 10.800 10.750 10.700 10.850 10.900 10.550 Speculative Buy

INCO IJ Equity 3.130 (14,0) Positif Oversold Negatif 3.120 3.295 3.470 3.160 3.115 3.080 3.195 3.240 3.030 Speculative Buy

INDF IJ Equity 7.150 (9,8) Positif Oversold Negatif 7.150 7.850 8.550 7.100 7.000 6.925 7.175 7.275 6.825 Speculative Buy

INKP IJ Equity 6.200 (19,5) Positif Oversold Negatif 5.800 7.150 8.500 6.125 5.975 5.825 6.275 6.425 5.750 Speculative Buy

source: Bloomberg Lp



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 16.400 (13,8) Positif Oversold Negatif 15.700 17.550 19.400 15.950 15.275 14.600 16.625 17.300 14.375 Speculative Buy

ITMG IJ Equity 10.050 (12,4) Positif Oversold Negatif 9.225 10.950 12.700 10.100 10.000 9.950 10.150 10.250 9.800 Speculative Buy

JPFA IJ Equity 1.495 (2,6) Positif Oversold Negatif 1.385 1.525 1.665 1.465 1.430 1.390 1.505 1.540 1.370 Speculative Buy

JSMR IJ Equity 4.900 (5,3) Positif Trading Positif 4.535 4.870 5.200 4.885 4.840 4.805 4.920 4.965 4.735 Speculative Buy

KLBF IJ Equity 1.390 (14,2) Positif Oversold Negatif 1.370 1.505 1.640 1.380 1.360 1.340 1.400 1.420 1.320 Speculative Buy

LPPF IJ Equity 3.280 (22,1) Positif Oversold Negatif 2.705 3.485 4.265 3.240 3.175 3.090 3.325 3.390 3.040 Speculative Buy

MNCN IJ Equity 1.505 (7,7) Positif Oversold Negatif 1.470 1.620 1.770 1.495 1.480 1.460 1.515 1.530 1.440 Speculative Buy

PGAS IJ Equity 1.520 (30,0) Positif Oversold Negatif 1.350 1.720 2.085 1.510 1.500 1.485 1.525 1.535 1.465 Speculative Buy

PTBA IJ Equity 2.330 (12,4) Positif Trading Positif 2.080 2.345 2.605 2.305 2.265 2.225 2.345 2.385 2.190 Speculative Buy

PTPP IJ Equity 1.360 (14,2) Positif Oversold Negatif 1.315 1.445 1.580 1.355 1.340 1.325 1.370 1.385 1.305 Speculative Buy

PWON IJ Equity 555 (2,6) Negatif Trading Positif 505 545 590 550 535 525 560 575 515 Hold

SCMA IJ Equity 1.370 (2,8) Positif Oversold Negatif 1.305 1.465 1.625 1.355 1.340 1.315 1.380 1.395 1.295 Speculative Buy

SMGR IJ Equity 11.375 (5,2) Positif Oversold Negatif 11.375 12.375 13.350 11.275 11.050 10.825 11.500 11.725 10.675 Speculative Buy

SRIL IJ Equity 216 (16,9) Positif Oversold Negatif 198 233 268 213 209 205 217 221 201 Speculative Buy

TBIG IJ Equity 1.225 (0,4) Negatif OverBought Positif 1.105 1.185 1.265 1.225 1.220 1.205 1.240 1.245 1.190 Sell

TKIM IJ Equity 7.450 (27,5) Positif Strong Buy Negatif 7.250 9.500 11.725 7.400 7.275 7.075 7.600 7.725 6.975 Buy

TLKM IJ Equity 3.640 (8,3) Positif Oversold Positif 3.715 3.820 3.925 3.675 3.615 3.585 3.705 3.765 3.530 Buy

TOWR IJ Equity 885 9,9 Negatif OverBought Positif 785 845 905 885 875 860 900 910 845 Sell

UNTR IJ Equity 18.325 (14,9) Positif Oversold Negatif 17.150 19.500 21.875 17.875 17.350 16.875 18.350 18.875 16.600 Speculative Buy

UNVR IJ Equity 7.475 (11,0) Positif Oversold Negatif 7.525 8.050 8.600 7.450 7.275 7.125 7.600 7.775 7.025 Speculative Buy

WIKA IJ Equity 1.945 (2,3) Positif Trading Positif 1.870 1.960 2.050 1.935 1.915 1.895 1.955 1.975 1.870 Speculative Buy

WSKT IJ Equity 1.095 (26,3) Positif Oversold Negatif 1.075 1.250 1.420 1.100 1.075 1.050 1.125 1.150 1.035 Speculative Buy

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE CALENDAR

Date Event Country Act Prev Cons

14-Feb-20 Japan, Foreign Bond Investment 08/FEB JPY ¥-150.2B

US Retail Sales MoM JAN USD 0.3% 0.2% 0.3%

US Retail Sales Ex Autos MoM JAN USD 0.3% 0.5% 0.4%

US Import Prices YoY JAN USD 0.5% -0.9%

US Export Prices YoY JAN USD 0.3% -0.2%

US Export Prices MoM JAN USD 0.1% -0.2% 0%

US Import Prices MoM JAN USD 0% 0.3% -0.2%

US Retail Sales YoY JAN USD -0.8% 5.8%

US Industrial Production YoY JAN USD -0.3% -1%

US Industrial Production MoM JAN USD -0.1% -0.3% -0.1%

US Manufacturing Production MoM JAN USD -0,1% 0.2% 0.0%

US Capacity Utilization JAN USD 78.8% 77% 76.8%

US Manufacturing Production YoY JAN USD -0.8% -1.3%

US Business Inventories MoM DEC USD 0.1% -0.2% 0.1%

17-Feb-20 Japan, GDP Growth Rate QoQ Prel Q4 JPY 0.4%

Japan, GDP Growth Annualized Prel Q4 JPY 1.8% 0.9%

Japan, GDP Private Consumption QoQ Prel Q4 JPY 0.5%

Japan, GDP Price Index YoY Prel Q4 JPY 0.6%

China, House Price Index YoY JAN CNY 6.6%

Indonesia, Balance of Trade JAN IDN $-0.03B

Indonesia, Exports YoY JAN IDN 1.28%

Indonesia, Imports YoY JAN IDN -5.62%

18-Feb-20 GB Claimant Count Change JAN GBR 14.9K GB Unemployment Rate DEC GBR 3.8% 3.8%

GB Employment Change NOV GBR 208K

GB Average Earnings excl. Bonus DEC GBR 3.4% 3.4%

GB Average Earnings incl. Bonus DEC GBR 3.2%

GB Labour Productivity QoQ Prel Q4 GBR 0.4%

Indonesia, Property Price Index YoY Q1 IDN 1.90%

US NAHB Housing Market Index FEB USD 75 74

US Overall Net Capital Flows DEC USD $73.1B

US Net Long-Term Tic Flows DEC USD $22.9B

US Foreign Bond Investment DEC USD $-41.5B

Source: Bloomberg Lp

https://tradingeconomics.com/united-states/retail-sales

https://tradingeconomics.com/united-states/retail-sales-ex-autos

https://tradingeconomics.com/united-states/industrial-production-mom

https://tradingeconomics.com/united-states/capacity-utilization

https://tradingeconomics.com/united-states/business-inventories

https://tradingeconomics.com/japan/gdp-growth-annualized

https://tradingeconomics.com/united-kingdom/unemployment-rate



CORPORATE ACTION

RUPS

Date Time Company Event Place

18-Feb-20 14:00 BBRI RUPST Gedung BRI 1 Jakarta Pusat

19-Feb-20 14:00 AGRO RUPST Gedung BRI Agro Lt 3 14:00 BMRI RUPST Jakarta

20-Feb-20 9:30 BBKP RUPSLB Gedung Bank Bukopin Lt 3 14:00 BBNI RUPST Menara BNI Lt 6

21-Feb-20 10:00 APEX RUPSLB Kantor perseroan

13:00 SATU RUPSLB Allstay Hotel

26-Feb-20 10:00 AISA RUPSLB Ruang seminar BEI 10:00 BEKS RUPSLB TBA

27-Feb-20 10:00 WICO RUPSLB Taman Impian Jaya Ancol

28-Feb-20 13:30 BRIS RUPST Gedung BRI Corporarate University Lt 2

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 Dividend

Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share

MFMI Cash Dividen 27-Des-19 30-Des-19 02-Jan-20 15-Jan-20 132 ADRO Cash Dividen 02-Jan-20 03-Jan-20 06-Jan-20 15-Jan-20 US$ 0.00469

KEJU Cash Dividen 03-Jan-20 06-Jan-20 07-Jan-20 13-Jan-20 33

IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)

Nara Hotel International Magenta Capital Sekuritas 03 - 04 Februari 2020 TBA 101 2.000

Diamond Citra Propertindo Tbk UOB Kay Hian Sekuritas 04 - 07 Februari 2020 16-Feb-20 102 2.147

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



Disclaimer This report has been prepared by PT OSO Sekuritas Indonesia on behalf of itself and its affiliated companies and is provided for information purposes only. Under no circumstance.is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has been produced independently and the forecasts, opinions and expectations contained herein are entirely those of PT. OSO Sekuritas Indonesia. We expressly disclaim any responsibility or liability (express or implied) of PT. OSO Sekuritas Indonesia, 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 PT. OSO Sekuritas Indonesia, its affiliated companiesor 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 there from which might otherwise arise is hereby expresses disclaimed. The information contained in this report is not be taken as any recommendation made by PT. OSO Sekuritas Indonesia 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 tothe 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.

Research Team Ike Widiawati Head of Research +62 21 2991 5300 ([email protected])

Rifqiyati Research Analyst +62 21 2991 5300 (Rifqiyati @oso-securities.com)

Sukarno Alatas Research Analyst +62 21 2991 5300 ([email protected])

Mochammad Cahyo Research Analyst +62 21 2991 5300 ([email protected])

Michelle Abadi Research Associate +62 21 2991 5300 ([email protected])

Disclosure Of Interests

As of the date of this report, 1. The research analysts primarily responsible for the preparation of all or part of this report hereby certify that:

the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities

and issuers; and

no part of the analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views

expressed in this research report.

2. The research analysts primarily responsible for the preparation of all or part of this report, or his/her associate(s), do not have any interest (including any direct or indirect ownership of securities, arrangement for financial accommodation or serving as an officer) in any company mentioned in this report

3. PT OSO Securities Indonesia on a business in Indonesia in investment banking, proprietary trading or agency broking in relation

to securities

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