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OSODaily 18 Oktober 2019
ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX
6,181.01 11.42
0.19%
Previous 6,169.59 Lowest
6,161.39 Highest 6,197.94 Val IDR bn
9,238
Volbn 16.61 Mkt Cap IDRtr
7,106.88 Net Forg 1DIDRbn 208.67 Net ForgYTDIDRbn
49,272.00
Return YTD (%) (0.22) Month to date (%)
0.19
Indices
Last Chg% 6,306.74 Americas
Dow Jones United States 27,025.88 0.09 15.85 S&P 500 United States 2,997.95 0.28 19.59 Nasdaq United States 8,156.85 0.40 22.93 EIDO United States 24.75 0.28 (0.28) EMEA
FTSE 100 United Kingdom 7,182.32 0.20 6.75
CAC 40 France 5,673.07 (0.42) 19.92 D DAX Germany 12,654.95 (0.12) 19.85
Asia Pacific
Nikkei Japanese 22,451.86 0.51 12.75 Shanghai China 2,978.71 (0.05) 19.38 TWSE Taiwan 11,162.83 0.22 15.00 KOSPI Korea 2,077.94 0.20 2.01 KLSE Malaysia 1,574.90 (0.03) (6.87) ST – Times Singapore 3,134.71 (0.27) 1.87 Sensex India 38,598.99 1.17 8.27 Hangseng Hongkong 26,664.28 0.69 3.88
Sectoral Previous Last Chg% YTD% AGRICULTURE 1,338.50 1,351.50 0.97 (13.61) MINING 1,597.38 1,588.88 (0.53) (10.56) MISC INDUSTRY 1,143.33 1,182.17 3.40 (15.22) BASIC INDUSTRY 890.80 901.70 1.22 5.49 CONSUMER GOODS 2,176.77 2,162.05 (0.68) (15.85) PROPERTY 504.29 503.12 (0.23) 12.37 INFRASTRUKTUR 1,207.77 1,204.53 (0.27) 13.18 FINANCE 1,245.42 1,246.67 0.10 6.04 MANUFAKTURE 1,446.59 1,454.08 0.52 (10.14) TRADE 801.52 805.46 0.49 2.75 LQ 45 962.61 967.77 0.54 (1.52)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 53.36 53.93 1.07 18.81 Gold (USD tr.oz) 1,490.18 1,491.92 0.12 16.40 Nickel (USD/mtrc ton) 16,450.00 16,270.00 (1.09) 52.20 Tin (USD/mtrc ton) 16,875.00 17,150.00 1.63 (11.94) Copper (USD/mtrc ton) 5,730.00 5,739.00 0.16 (3.79) CPO (MYR/ton) 2,189.00 2,192.00 0.14 9.38 Coal (USD/ton) 68.45 68.70 0.37 (32.98)
Currencies
Last Chg% YTD% IDR / USD
14,155.00 0.08 1.66
IDR / AUD
9,630.71 (0.47) 5.55 IDR / EUR
15,695.50 (0.49) 4.78
IDR /SGD
10,356.37 (0.20) 1.92 IDR / JPY
130.06 0.54 0.44
IDR / GBP
18,114.44 (1.06) 1.13 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.00 1.70 2.30 Euro Area 0.00 0.80 1.20 United Kingdom 0.75 1.70 1.30 Japan 0.10 0.30 1.00 China 4.35 3.00 6.20 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 6.64 0.08 (16.09) GovBonds (10y) 7.16 (0.31) (10.78)
Inflasi YoY 3.39
Inflasi MoM (0.27) Bi rate 5.25 GDP Growth YoY (%) 5.05
Foreign Reserve (Bn) 124.33 Government Bonds Yield% Wow% Ytd% 7 Year 7.16 6.95 6.95 15 Year 7.59 7.59 7.59 20 Year 7.80 7.80 7.80 30 Year 7.98 7.98 7.98
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (17/10) IHSG ditutup menguat sebesar 0.19% ke level 6,181.01. Enam dari sepuluh indeks sektoral berakhir dalam zona hijau, dimana sektor Aneka Industri dan Industri Dasar memimpin penguatan masing-masing sebesar 3.44% dan 1.22%. Adapun saham yang menjadi penggerak indeks diantaranya ; ASII, BBRI, BMRI, CPIN, ICBP. Pelaku pasar asing membukukan aksi beli bersih (Netbuy) senilai Rp 208 miliar. Nilai tukar rupiah terapresiasi sebesar 0.08% ke level Rp 14,155. Global Review Pada perdagangan semalam (17/10) bursa saham Wall Street kompak ditutup dalam zona hijau, dimana Nasdaq memimpin penguatan sebesar 0.40% disusul S&P dan Dow Jones yang masing-masing naik sebesar 0.28% dan 0.09%. Penguatan tersebut terjadi seiring dengan optimisme pasar terhadap rilis laporan keuangan emiten Kuartal III 2019, tercatat dari 63 emiten S&P yang sudah merilis laporan keuangan sebesar 82% diantaranya berhasil mencatatkan kinerja laba positif atau lebih tinggi dibandingkan Kuartal III 2018, sementara itu saat ini pasar tengah menantikan rilisnya laporan keuangan beberapa emiten seperti Facebook, Google, Amazon dan emiten besar lainnya. Sedangkan dari sisi ekonomi AS, kenaikan Indeks sedikit tertahan karena terbebani dari beberapa rilisnya data ekonomi semalam, dimana produksi pabrik bulan september turun sebesar 0.5% dibandingkan bulan sebelumnya tumbuh sebesar 0.6%, kemudian produksi industri bulan September juga turun sebesar 0.4% dibandingkan bulan sebelumnya tumbuh sebesar 0.8%. JCI Prediction IHSG ditutup menguat sebesar 0.18% ke level 6.181. IHSG ditutup bullish candle. Adapun indikator Stochastic overbought dan MACD histogram bergerak positif dengan Volume meningkat. Kami perkirakan IHSG bergerak mixed cenderung melemah antisipasi aksi profit taking dengan pergerakan di kisaran 6.143 - 6.213. Major Economic Release
Industrial Production United States pada
September 2019 turun sebesar 0.1%
dibandingkan sebelumnya yang tumbuh sebesar
0.4% (YoY).
Manufacturing Production United States pada
September 2019 turun sebesar 0.5%
dibandingkan sebelumnya yang tumbuh sebesar
0.6% (MoM).
Housing Starts United States pada September
2019 turun sebesar 9.4% dibandingkan
sebelumnya yang tumbuh sebesar 15.1% (MoM).
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OSODaily 18 Oktober 2019
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
SRIL IJ Equity
294 - (17.88) 6.01 0.65
SMGR IJ Equity
12,700 0.79 10.43 74.74 1.54
UNVR IJ Equity
44,750 (1.86) (1.43) 347.93 1.07
BSDE IJ Equity
1,410 - 12.35 27.14 1.62
INTP IJ Equity
20,350 2.39 10.30 73.16 1.73
Top Losers
Last Chg% YTD% MC (T) Beta
BTPS IJ Equity
3,670 1.38 104.46 27.89 0.40
UNTR IJ Equity
20,375 0.12 (25.50) 75.91 0.94
ANTM IJ Equity
955 (0.52) 24.84 23.07 1.74
ITMG IJ Equity
12,450 (1.78) (38.52) 14.32 1.38
INCO IJ Equity
3,510 (2.23) 7.67 35.67 1.81
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
SRIL IJ Equity
294 250.4 (17.9) 6.01 0.65
BBRI IJ Equity
4,050 104.5 10.7 492.15 1.64
BMRI IJ Equity
6,700 75.0 (9.2) 309.17 1.58
ANTM IJ Equity
955 57.8 24.8 23.07 1.74
ERAA IJ Equity
1,695 53.8 (23.0) 5.07 0.97
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBCA IJ Equity
30,575 402.2 17.6 766.15 1.00
BMRI IJ Equity
6,700 398.6 (9.2) 309.17 1.58
BBRI IJ Equity
4,050 332.1 10.7 492.15 1.64
TLKM IJ Equity
4,170 294.2 12.8 413.09 0.78
BBNI IJ Equity
7,375 241.5 (16.2) 135.20 1.64
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific
IHSG
Indonesia 6,181 19.43 2.10 6,800
Nikkei
Japanese 22,452 16.12 1.72 23,955
Shanghai
China 2,977 14.45 1.50 3,282
TWSE
Taiwan 11,187 17.88 1.71 11,682
KOSPI
Korea 2,078 13.56 0.83 2,552
KLSE
Malaysia 1,575 19.05 1.59 1,687
ST - Times
Singapore 3,126 11.55 1.05 3,555
Sensex
India 39,087 26.65 2.89 43,412
Hangseng
Hongkong 26,848 10.38 1.18 31,988
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
ASII IJ Equity
6625 3.92 (19.45) 268 1.28
BBRI IJ Equity
4050 1.50 10.66 500 1.64
BMRI IJ Equity
6700 1.13 (9.15) 313 1.58
CPIN IJ Equity
5800 3.11 (19.72) 95 1.52
ICBP IJ Equity
11550 1.99 10.53 135 0.57
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
30575 (1.61) 17.60 754 1.00
UNVR IJ Equity
44750 (1.86) (1.43) 341 1.07
HMSP IJ Equity
2270 (1.30) (38.81) 264 1.31
GGRM IJ Equity
54100 (1.01) (35.31) 104 1.06
BRPT IJ Equity
940 (1.05) 96.65 84 1.34
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1,371.04 (3.56) (9.17)
Oso Syariah Equity Fund
984.71 (15.46) 101.75
Source: Bloomberg LP & OSO Research Team
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OSODaily 18 Oktober 2019
COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS
Penerimaan pajak Usaha Mikro Kecil Menengah (UMKM) sepanjang Januari-Agustus turun. Pemerintah beralasan
hal tersebut terjadi lantaran sejak diberlakukannya penurunan tarif pajak UMKM dari 1% menjadi 0,5%.
Berdasarkan data Kementerian Keuangan Penerimaan Pajak Penghasilan (PPh) Final UMKM pada laporan Anggaran
Pendapatan dan Belanja Negara (APBN) Agustus mencapai Rp 4,84 triliun. Angka tersebut lebih terkontraksi 21,8%
dibandingkan pencapaian periode sama tahun 2018 sebesar Rp 6,19 triliun.
Harga emas kembali menembus level US$ 1.490, lantaran investor fokus pada ketidakpastian yang melekat atas
hubungan perdagangan Amerika Serikat (AS)-China. Harga emas di pasar spot naik 0,42% menjadi US$ 1.496,50 per
ons troi. Sementara harga emas berjangka AS naik 0,32% ke level US$ 1.498,80. Sedang harga emas dalam mata
uang sterling merosot sedalam 1,6% ke level terendah sejak 26 Juli di £ 1.141,86 per ons troi, setelah Inggris dan
Uni Eropa menyetujui kesepakatan Brexit baru.
CORPORATES NEWS PT Indika Energy Tbk (INDY} mulai melirik bisnis lain di luar penambangan batubara. INDY ini pun telah memiliki
dua anak usaha yang bergerak di bidang teknologi yang dimaksud adalah PT Xapiens Teknologi Indonesia (Xapiens)
serta PT Zebra Cross Teknologi (ZebraX). Pada dasarnya INDY berupaya terus melihat peluang untuk diversifikasi
usaha selain penambangan batubara yang menjadi bisnis utama perusahaan ini.
Penjualan semen PT Indocement Tunggal Prakarsa Tbk (INTP) sepanjang September 2019 mengalami kenaikan.
Tercatat, penjualan semen untuk periode September 2019 sebanyak 1,69 juta ton atau naik 6,2% dibandingkan
realisasi penjualan semen sepanjang Agustus 2019 yang sebesar 1,6 juta ton.
PT Tiphone Mobile Indonesia Tbk (TELE) menjalin kerjasama strategis bersama PT Bank Negara Indonesia Tbk
(BBNI). Sedikitnya 250.000 reseller TELE di seluruh Indonesia bakal memperoleh dana pengembangan usaha
berupa kredit BNI Wira Usaha (BWU) dari BBNI.
Laba PT Unilever Indonesia Tbk (UNVR) di kuartal III-2019 turun 24,31% bila dibandingkan periode yang sama
tahun lalu (yoy). Dalam laporan keuangan sembilan bulan ini, Unilever Indonesia hanya mencatatkan laba bersih Rp
5,51 triliun. Padahal di kuartal III-2018 membukukan laba Rp 7,28 triliun.
Likuiditas PT Kota Satu Properti Tbk (SATU) pada semester I-2019 terbilang cukup ketat. Posisi kas pada semester
I-2019 hanya sebesar Rp 5,97 miliar. Turun 84,32% dari posisi awal periode yang tercatat Rp 38,07 miliar. Salah
satu penyebabnya adalah penurunan kas operasi yang signifikan. Pada semester I-2019, kas operasi SATU tercatat
negatif Rp 19,48 miliar. Padahal di Juni 2018, arus kas operasi masih positif Rp 3,24 miliar.
PT Logindo Samudramakmur Tbk (LEAD) tengah mengoptimalkan kinerja dari aset yang ada saat ini. Perusahaan
terus meningkatkan utilisasi kapal dari kuartal sebelumnya. Saat ini, LEAD memiliki total kapal sebanyak 44 unit
dengan tingkat utilisasi pada kuartal III-2019 menembus 70%. Padahal pada awal tahun ini tingkat utilisasi armada
mereka berada di sekitar 50%.
PT Arwana Citramulya Tbk (ARNA) membukukan pertumbuhan pendapatan dan laba yang positif pada sembilan
bulan pertama tahun ini. Melansir laporan keuangan kuartal III ARNA, pendapatan ARNA tumbuh 11,48% secara
year on year (yoy) dari sebelumnya Rp 1,46 triliun di kuartal III 2018 menjadi Rp 1,63 triliun.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Buy Entry Buy : 1.395 - 1.410 Target Price : 1.440 - 1.450 Support : 1.385 - 1.395 Cutloss : 1.380
DAILY TECHNICAL
BSDE Optimis Target Marketing Sales 2019 Tercapai Demi mengejar target tahun ini, pada kuartal IV/2019, PT Bumi Serpong Damai Tbk (BSDE ) berencana meluncurkan produk baru. Adapun, mengacu data keuangan Juni 2019, marketing sales BSDE baru mencapai Rp 2,73 triliun atau setara 44% dari target tahun ini yang sebesar Rp 6,2 triliun. Meski demikian, manajemen menegaskan tidak akan merevisi targetnya, lantaran pada akhir September 2019 BSDE akan meluncurkan proyek barunya yaitu Fleek Hauz. Fleek Hauz merupakan kompleks perumahan yang mengusung konsep simple dan stylish sesuai dengan pasar yang dibidik yaitu milenial.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.440. Apabila break 1.440 next harga ke level 1.450. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.380 jika sudah melewati support 1.385 - 1.395.
|BSDE|PE : 6.50x | PBV : 0.83x | ROE: 12.83% | NPM : 58.10% | DER : 0.63x | Fair Value : -|
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Ke Arah Positif Stochastic : Bullish Volume : Meningkat Recommendation : Buy Entry Buy : 1.145 - 1.170 Target Price : 1.205 - 1.225 Support : 1.135 - 1.145 Cutloss : 1.130
DAILY TECHNICAL
BUY |SCMA|PE : 11.04x | PBV : 3.08x | ROE: 27.85% | NPM : 28.28% | DER : 0.22x | Fair Value : -|
Pangsa Pemirsa Trans Group Naik Signifikan, Caplok Pasar Pesaing Pangsa pemirsa televisi Trans Group naik signifikan pada September 2019. Pangsa pemirsa Trans Group naik signifikan, terutama untuk waktu prime time. Dua stasiun televisinya, Trans dan Trans 7 membukukan kenaikan pangsa masing-masing 120 basis poin (bps) dan 170 bps. Sedangkan di luar waktu prime time, pangsa pemirsa Trans Group naik 170 bps menjadi 18,8%. Sehingga all time audience share (pangsa pemirsa untuk keseluruhan waktu) Trans Group naik cukup signifikan sebesar 220 bps secara bulanan.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.205. Apabila berhasil menguji 1.205 next harga ke level 1.225. Hati-hati jika harga tidak mampu break up atau berbalik menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.130 jika sudah melewati support 1.135 - 1.145.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Buy Entry Buy : 348 - 364 Target Price : 384 - 412 Support : 340 - 348 Cutloss : 338
DAILY TECHNICAL
BUY |TELE|PE : 7.74x | PBV : 0.65x | ROE: 8.29% | NPM : 1.35% | DER : 1.09x | Fair Value : - |
TELE Kerjasama Dengan Perusahaan Platform Grab Indonesia Tiphone Mobile Indonesia Tbk (TELE) bekerjasama dengan perusahaan platform Grab Indonesia (Grab) dengan meluncurkan GrabGift. GrabGift shop yang berada dalam aplikasi Grab merupakan e-voucher yang memiliki normal potongan untuk layanan GrabCar. GrabGift, merupakan langkah perseroan dalam mendukung mitra bisnis melalui kolaborasi dengan grab sebagai salah satu distributor resmi GrabGift. GrabGift dapat ditemukan di portal GrabGift Shop ataupun mitra reseller TIPhone (Telesindo Shop, Simpatindo, Megafon, dan Teleshop).
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 384. Apabila break 384 next harga ke level 412. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 338 jika sudah melewati support 340 - 348.
NOTE:
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Sector Rotation
Mingguan
Bulanan
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OSODaily 18 Oktober 2019
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 940 (1.05) 96.65 4.99 112.49 8.85 0.60 3.53 98.23 633 -33% Sell
CPIN IJ Equity 5,800 3.11 (19.72) 4.96 24.73 15.29 13.99 21.19 22.95 4,753 -18% Sell
INKP IJ Equity 6,975 - (39.61) 0.70 6.84 2.74 4.61 10.66 113.83 11,300 62% Buy
INTP IJ Equity 20,350 2.39 10.30 3.43 52.36 28.18 5.47 6.48 0.50 19,955 -2% Sell
JPFA IJ Equity 1,655 4.75 (23.02) 1.99 10.24 4.69 8.00 20.16 59.63 1,754 6% Hold
SMGR IJ Equity 12,700 0.79 10.43 2.49 29.07 10.68 4.11 8.74 30.13 14,014 10% Buy
TKIM IJ Equity 10,725 1.42 (3.38) 1.78 11.64 17.72 6.95 16.45 120.71 13,000 21% Buy
TPIA IJ Equity 9,325 1.36 57.38 6.64 117.69 39.43 3.21 5.68 34.35 4,733 -49% Sell
Industry Average in LQ45 3.37 45.63 15.95 5.87 11.61 60.04
Total of Industry Average 1.75 25.46 10.09 2.09 (24.04) 101.08
SECTOR CONSUMER GOODS
GGRM IJ Equity 54,100 (1.01) (35.31) 2.34 12.22 7.21 12.84 20.01 38.38 71,978 33% Buy
HMSP IJ Equity 2,270 (1.30) (38.81) 9.27 18.64 14.07 32.64 50.51 0.33 2,859 26% Buy
ICBP IJ Equity 11,550 1.99 10.53 5.91 27.70 16.50 13.48 22.92 9.06 12,661 10% Buy
INDF IJ Equity 7,650 0.99 2.68 1.92 14.12 5.52 4.98 14.36 59.18 8,664 13% Buy
KLBF IJ Equity 1,655 - 8.88 5.29 31.04 20.61 13.62 17.85 2.34 1,702 3% Hold
UNVR IJ Equity 44,750 (1.86) (1.43) 49.57 46.68 30.53 35.85 92.26 20.26 46,426 4% Hold
Industry Average in LQ45 12.38 25.07 15.74 18.90 36.32 21.59
Total of Industry Average 5.68 24.53 17.18 9.09 18.08 44.69
SECTOR INFRASTRUCTURE
EXCL IJ Equity 3,530 - 78.28 2.02 130.48 3.92 (5.11) (14.59) 125.77 3,961 12% Buy
JSMR IJ Equity 5,650 (0.44) 32.01 2.32 18.50 6.11 2.50 13.33 157.26 6,566 16% Buy
PGAS IJ Equity 2,230 0.45 5.19 1.52 17.94 3.00 3.11 7.41 109.43 2,403 8% Hold
TLKM IJ Equity 4,170 - 12.77 4.40 20.24 6.31 9.77 22.82 37.58 4,751 14% Buy
Industry Average in LQ45 2.56 46.79 4.84 2.57 7.24 107.51
Total of Industry Average 3.05 39.12 213.54 (3.05) (62.33) 131.60
Source: Bloomber LP
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OSODaily 18 Oktober 2019
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 1,315 (1.13) 8.23 0.79 5.71 2.28 7.45 14.21 32.95 1,525 16% Buy
AKRA IJ Equity 4,230 1.20 (1.40) 2.05 23.39 13.41 4.78 11.01 42.61 4,870 15% Buy
ANTM IJ Equity 960 (2.54) 25.49 1.17 25.76 8.58 2.76 4.64 50.26 1,181 23% Buy
INCO IJ Equity 3,590 (2.45) 10.12 1.35 479.48 21.07 0.23 0.27 1.94 3,988 11% Buy
INDY IJ Equity 1,300 (0.38) (17.98) 0.52 29.52 0.99 0.46 1.74 129.53 2,167 67% Buy
ITMG IJ Equity 12,675 (2.50) (37.41) 1.10 4.27 2.37 17.45 25.70 - 15,942 26% Buy
MEDC IJ Equity 650 (0.76) (5.11) 0.65 9.06 1.26 (1.14) (5.07) 202.38 1,043 61% Buy
PTBA IJ Equity 2,260 - (47.44) 1.56 5.48 3.77 19.91 29.69 5.12 3,055 35% Buy
Industry Average in LQ45 1.15 72.83 6.72 6.49 10.27 58.10
Total of Industry Average 2.04 35.64 12.35 3.84 4.20 94.98
SECTOR MISC INDUSTRY
ASII IJ Equity 6,375 (0.39) (22.49) 1.85 12.23 6.63 6.40 15.79 49.27 7,879 24% Buy
SRIL IJ Equity 294 2.08 (17.88) 0.74 4.59 2.02 6.72 17.23 139.64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1.29 8.41 4.32 6.56 16.51 94.46
Total of Industry Average 1.97 389.83 5.72 2.97 3.46 94.41
SECTOR PROPERTY
BSDE IJ Equity 1,410 1.44 12.35 0.94 9.00 8.90 5.69 11.01 46.06 1,726 22% Buy
CTRA IJ Equity 1,165 1.30 15.35 1.49 16.59 8.12 3.84 9.39 50.80 1,361 17% Buy
PTPP IJ Equity 1,685 (0.59) (6.65) 0.82 7.55 3.51 2.84 11.34 74.03 2,527 50% Buy
PWON IJ Equity 620 0.81 - 2.19 10.75 8.37 11.10 22.42 36.44 767 24% Buy
WIKA IJ Equity 1,910 (0.52) 15.41 1.12 8.13 4.17 3.70 14.89 78.93 2,789 46% Buy
WSKT IJ Equity 1,575 0.32 (6.25) 1.19 10.85 4.24 1.58 11.35 224.10 2,200 40% Buy
Industry Average in LQ45 1.29 10.48 6.22 4.79 13.40 85.06
Total of Industry Average 2.94 27.72 13.10 4.12 9.17 45.96
Source: Bloomber LP
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OSODaily 18 Oktober 2019
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 1,320 0.38 8.64 0.79 5.75 2.29 7.45 14.21 32.95 1,511 14% Buy
AKRA IJ Equity 4,240 0.24 (1.17) 2.06 23.44 13.44 4.78 11.01 42.61 4,870 15% Buy
ANTM IJ Equity 955 (0.52) 24.84 1.16 25.62 8.53 2.76 4.64 50.26 1,181 24% Buy
INCO IJ Equity 3,510 (2.23) 7.67 1.33 470.17 20.66 0.23 0.27 1.94 3,988 14% Buy
INDY IJ Equity 1,315 1.15 (17.03) 0.53 29.95 1.01 0.46 1.74 129.53 2,167 65% Buy
ITMG IJ Equity 12,450 (1.78) (38.52) 1.09 4.21 2.33 17.45 25.70 - 15,942 28% Buy
MEDC IJ Equity 660 1.54 (3.65) 0.66 9.06 1.28 (1.14) (5.07) 202.38 1,043 58% Buy
PTBA IJ Equity 2,220 (1.77) (48.37) 1.53 5.39 3.71 19.91 29.69 5.12 3,055 38% Buy
Industry Average in LQ45 1.14 71.70 6.66 6.49 10.27 58.10
Total of Industry Average 2.04 35.38 12.18 3.84 4.20 94.98
SECTOR MISC INDUSTRY
ASII IJ Equity 6,625 3.92 (19.45) 1.92 12.71 6.89 6.40 15.79 49.27 7,879 19% Buy
SRIL IJ Equity 294 - (17.88) 0.74 4.60 2.02 6.72 17.23 139.64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1.33 8.66 4.46 6.56 16.51 94.46
Total of Industry Average 1.90 390.10 5.84 2.99 3.51 94.41
SECTOR PROPERTY
BSDE IJ Equity 1,410 - 12.35 0.94 9.00 8.90 5.69 11.01 46.06 1,726 22% Buy
CTRA IJ Equity 1,135 (2.58) 12.38 1.45 16.16 7.91 3.84 9.39 50.80 1,361 20% Buy
PTPP IJ Equity 1,700 0.89 (5.82) 0.82 7.62 3.54 2.84 11.34 74.03 2,527 49% Buy
PWON IJ Equity 620 - - 2.19 10.75 8.37 11.10 22.42 36.44 767 24% Buy
WIKA IJ Equity 1,900 (0.52) 14.80 1.11 8.09 4.15 3.70 14.89 78.93 2,789 47% Buy
WSKT IJ Equity 1,575 - (6.25) 1.19 10.85 4.24 1.58 11.35 224.10 2,200 40% Buy
Industry Average in LQ45 1.28 10.41 6.18 4.79 13.40 85.06
Total of Industry Average 2.94 27.95 13.13 4.12 9.17 45.96
Source: Bloomber LP
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OSODaily 18 Oktober 2019
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 1,695 6.60 (22.95) 1.16 10.54 4.50 4.54 11.78 88.81 1,940 14% Buy
LPPF IJ Equity 4,200 (0.47) (25.00) 6.51 13.08 7.01 15.33 45.23 - 4,611 10% Buy
MNCN IJ Equity 1,300 (1.52) 88.41 1.53 7.89 4.59 12.35 20.53 42.22 1,574 21% Buy
SCMA IJ Equity 1,170 4.93 (37.43) 3.44 12.03 8.70 20.52 29.07 0.33 1,811 55% Buy
UNTR IJ Equity 20,375 0.12 (25.50) 1.39 6.77 3.04 10.84 21.57 17.95 28,228 39% Buy
Industry Average in LQ45 2.81 10.06 5.57 12.72 25.64 29.86
Total of Industry Average 7.10 35.20 17.15 0.68 2.04 65.74
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 30,575 (1.61) 17.60 4.72 27.61 88.15 1.40 6.53 6.30 31,629 3% Hold
BBRI IJ Equity 4,050 1.50 10.66 2.63 14.72 90.10 2.27 7.35 64.57 4,715 16% Buy
BBNI IJ Equity 7,375 1.72 (16.19) 1.20 9.04 92.85 1.90 5.14 82.33 9,509 29% Buy
BBTN IJ Equity 1,905 (0.26) (25.00) 0.82 7.51 103.45 2.82 3.81 188.00 2,420 27% Buy
BMRI IJ Equity 6,700 1.13 (9.15) 1.68 11.86 100.47 2.75 5.36 56.75 8,877 32% Buy
BTPS IJ Equity 3,670 1.38 104.46 7.07 28.23 454.49 1.39 38.72 149.94 3,704 1% Hold
Industry Average in LQ45 2.21 14.15 95.00 2.23 5.64 79.59
Total of Industry Average 5.38 32.62 110.09 3.09 7.09 84.38
Source: Bloomber LP
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OSODaily 18 Oktober 2019
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
ADRO IJ Equity 1,320 8.6 Negatif Trading Negatif 1,225 1,305 1,380 1,315 1,305 1,290 1,330 1,340 1,270 Sell
AKRA IJ Equity 4,240 (1.2) Negatif OverBought Positif 3,560 3,985 4,410 4,250 4,210 4,180 4,280 4,320 4,115 Sell
ANTM IJ Equity 955 24.8 Positif Trading Positif 915 990 1,065 955 935 925 965 985 910 Speculative Buy
ASII IJ Equity 6,625 (19.5) Negatif Trading Negatif 6,225 6,475 6,725 6,475 6,350 6,175 6,650 6,775 6,100 Sell
BBCA IJ Equity 30,575 17.6 Negatif OverBought Positif 29,625 30,350 31,050 30,775 30,500 30,250 31,025 31,300 29,800 Sell
BBNI IJ Equity 7,375 (16.2) Negatif Trading Positif 6,500 7,175 7,850 7,325 7,225 7,150 7,400 7,500 7,025 Hold
BBRI IJ Equity 4,050 10.7 Negatif Trading Positif 3,780 4,025 4,270 4,025 3,995 3,965 4,055 4,085 3,905 Hold
BBTN IJ Equity 1,905 (25.0) Negatif Oversold Positif 1,660 1,990 2,320 1,905 1,880 1,865 1,920 1,945 1,835 Speculative Buy
BMRI IJ Equity 6,700 (9.2) Negatif Trading Positif 6,200 6,725 7,250 6,675 6,625 6,600 6,700 6,750 6,500 Hold
BRPT IJ Equity 940 96.7 Negatif Trading Negatif 885 965 1,040 940 930 910 960 970 895 Sell
BSDE IJ Equity 1,410 12.4 Positif Trading Positif 1,300 1,370 1,440 1,410 1,400 1,390 1,420 1,430 1,365 Speculative Buy
BTPS IJ Equity 3,670 104.5 Negatif Trading Positif 2,890 3,420 3,950 3,690 3,570 3,500 3,760 3,880 3,450 Hold
CPIN IJ Equity 5,800 (19.7) Negatif OverBought Positif 4,865 5,225 5,600 5,700 5,575 5,425 5,850 5,975 5,350 Sell
CTRA IJ Equity 1,135 12.4 Negatif OverBought Positif 1,020 1,095 1,170 1,150 1,130 1,110 1,170 1,190 1,090 Sell
ERAA IJ Equity 1,695 (23.0) Negatif Trading Negatif 1,425 1,750 2,080 1,650 1,600 1,550 1,700 1,750 1,525 Sell
EXCL IJ Equity 3,530 78.3 Negatif Trading Positif 3,295 3,435 3,575 3,530 3,505 3,460 3,575 3,600 3,405 Hold
GGRM IJ Equity 54,100 (35.3) Negatif Trading Positif 48,425 52,200 55,950 54,425 53,675 53,000 55,100 55,850 52,200 Hold
HMSP IJ Equity 2,270 (38.8) Negatif Trading Positif 2,105 2,255 2,400 2,295 2,260 2,215 2,340 2,375 2,180 Hold
ICBP IJ Equity 11,550 10.5 Negatif Oversold Negatif 11,300 11,900 12,475 11,450 11,325 11,225 11,550 11,675 11,050 Speculative Buy
INCO IJ Equity 3,510 7.7 Positif Trading Positif 3,360 3,640 3,915 3,515 3,470 3,435 3,550 3,595 3,385 Speculative Buy
INDF IJ Equity 7,650 2.7 Positif Trading Negatif 7,525 7,700 7,875 7,625 7,575 7,525 7,675 7,725 7,400 Hold
INDY IJ Equity 1,315 (17.0) Negatif Trading Positif 1,235 1,320 1,410 1,310 1,305 1,290 1,325 1,330 1,270 Hold
INKP IJ Equity 6,975 (39.6) Negatif Trading Positif 5,775 6,475 7,175 6,950 6,900 6,750 7,100 7,150 6,650 Hold
source: Bloomberg Lp
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OSODaily 18 Oktober 2019
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 20,350 10.3 Negatif Trading Positif 17,175 19,050 20,900 20,125 19,800 19,300 20,625 20,950 19,025 Hold
ITMG IJ Equity 12,450 (38.5) Positif Trading Positif 11,950 12,575 13,225 12,575 12,425 12,225 12,775 12,925 12,050 Speculative Buy
JPFA IJ Equity 1,655 (23.0) Negatif Trading Positif 1,445 1,530 1,620 1,620 1,575 1,535 1,660 1,705 1,510 Hold
JSMR IJ Equity 5,650 32.0 Negatif Trading Positif 5,375 5,600 5,825 5,650 5,625 5,550 5,725 5,750 5,475 Hold
KLBF IJ Equity 1,655 8.9 Negatif Trading Negatif 1,640 1,660 1,685 1,655 1,655 1,645 1,665 1,665 1,620 Sell
LPPF IJ Equity 4,200 (25.0) Negatif OverBought Positif 2,775 3,575 4,375 4,200 4,160 4,110 4,250 4,290 4,050 Sell
MEDC IJ Equity 660 (3.6) Negatif Oversold Positif 595 680 760 655 650 635 670 675 625 Speculative Buy
MNCN IJ Equity 1,300 88.4 Negatif OverBought Positif 1,200 1,260 1,320 1,315 1,295 1,275 1,335 1,355 1,255 Sell
PGAS IJ Equity 2,230 5.2 Negatif OverBought Positif 1,965 2,135 2,305 2,240 2,215 2,200 2,255 2,280 2,165 Sell
PTBA IJ Equity 2,220 (48.4) Positif Trading Positif 2,130 2,285 2,440 2,235 2,200 2,165 2,270 2,305 2,135 Speculative Buy
PTPP IJ Equity 1,700 (5.8) Negatif Trading Positif 1,555 1,675 1,800 1,695 1,675 1,660 1,710 1,730 1,635 Hold
PWON IJ Equity 620 - Positif Trading Positif 580 635 690 620 610 605 625 635 595 Speculative Buy
SCMA IJ Equity 1,170 (37.4) Negatif Trading Negatif 1,080 1,160 1,240 1,145 1,125 1,095 1,175 1,195 1,080 Sell
SMGR IJ Equity 12,700 10.4 Negatif Trading Positif 10,725 11,850 12,975 12,650 12,550 12,350 12,850 12,950 12,150 Hold
SRIL IJ Equity 294 (17.9) Negatif Oversold Negatif 267 304 342 296 290 286 300 306 282 Speculative Buy
TKIM IJ Equity 10,725 (3.4) Negatif Trading Positif 9,525 10,200 10,850 10,650 10,575 10,375 10,850 10,925 10,225 Hold
TLKM IJ Equity 4,170 12.8 Negatif Trading Negatif 4,065 4,205 4,350 4,165 4,145 4,125 4,185 4,205 4,060 Sell
TPIA IJ Equity 9,325 57.4 Negatif OverBought Positif 7,800 8,450 9,075 9,250 9,175 9,075 9,350 9,425 8,950 Sell
UNTR IJ Equity 20,375 (25.5) Negatif Trading Positif 19,500 20,725 21,925 20,375 20,175 20,000 20,550 20,750 19,700 Hold
UNVR IJ Equity 44,750 (1.4) Negatif Trading Negatif 43,350 45,625 47,900 45,275 44,550 44,025 45,800 46,525 43,375 Sell
WIKA IJ Equity 1,900 14.8 Negatif Trading Positif 1,785 1,905 2,025 1,910 1,895 1,885 1,920 1,935 1,855 Hold
WSKT IJ Equity 1,575 (6.3) Negatif Trading Positif 1,460 1,575 1,690 1,575 1,555 1,540 1,590 1,610 1,520 Hold
source: Bloomberg Lp
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OSODaily 18 Oktober 2019
MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
17-Oct-19 GB Retail Sales MoM SEP GBR 0% -0.30% 0%
GB Retail Sales YoY SEP GBR 3.10% 2.60%
US Industrial Production YoY SEP USD -0.10% 0.40%
US Industrial Production MoM SEP USD -0.40% 0.80%
US Manufacturing Production YoY SEP USD -0.90% -0.40%
US Manufacturing Production MoM SEP USD -0.50% 0.60%
US Building Permits MoM SEP USD -12.30% 7.10% -26%
US Housing Starts MoM SEP USD -9.40% 15.1% -8.6%
US Initial Jobless Claims OCT/12 USD 214K 210K 215K
US Continuing Jobless Claims OCT/05 USD 1679K 1684K 1682K
18-Oct-19 Japan, Inflation Rate YoY SEP JPY
0.3% 0.4%
Japan, Inflation Rate MoM SEP JPY
0.00%
Japan, Foreign Bond Investment OCT/12 JPY
¥-428.3B
Japan, Stock Investment by Foreigners OCT/12 JPY
¥1072.5B
China, GDP Growth Rate YoY Q3 CNY
6.2% 6.1%
China, GDP Growth Rate QoQ Q3 CNY
1.6% 1.5%
US CB Leading Index MoM SEP USD
0% 0.1%
21-Oct-19 Japan, Balance of Trade SEP JPY
¥-136.3B ¥487.2B
Japan, Exports YoY SEP JPY
-8.2% -4.9%
Japan, Imports YoY SEP JPY
-12% -5.2%
China, Loan Prime Rate 1Y CNY
4.20% China, Loan Prime Rate 5Y CNY
4.85%
China, House Price Index YoY SEP CNY
8.8% Indonesia, Foreign Direct Investment YoY Q3 IDN
9.6%
Source: Bloomberg Lp
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OSODaily 18 Oktober 2019
CORPORATE ACTION
RUPS
Date Time Company Event Place
14-Oct-19 10:00 IBST RUPSLB TBA
15-Oct-19 10:00 IPCM RUPSLB Ruang Seminar II BEI
16-Oct-19 9:30 PJAA RUPSLB MPH Candi Bentar Ancol
17-Oct-19 10:00 IKAI RUPSLB Hotel The Westin
18-Oct-19 10:00 SSTM RUPSLB Kantor Perseroan, Sumedang, Bandung
13:30 VOKS RUPSLB Gedung Menara Karya Lt 3
14:00 ZINC RUPSLB Hotel Mercure Pantai Indah Kapuk
22-Oct-19 10:00 BSWD RUPSLB Kantor Perseroan 11:00 LIFE RUPSLB Sinarmas Land Plaza Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
ASII Cash Dividen 4-Oct-19 7-Oct-19 8-Oct-19 30-Oct-19 57
UNTR Cash Dividen 7-Oct-19 8-Oct-19 9-Oct-19 23-Oct-19 408 HEXA Cash Dividen 7-Oct-19 8-Oct-19 9-Oct-19 25-Oct-19 US$ 0.0358 AUTO Cash Dividen 8-Oct-19 9-Oct-19 10-Oct-19 23-Oct-19 19 ASGR Cash Dividen 9-Oct-19 10-Oct-19 11-Oct-19 23-Oct-19 25
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Digital Mediatama Maxima Tbk Trimegah Sekuritas 14 - 16 Oktober 2019 21-Oct-19 230 2,692
Stock Split
Code Ratio
Cum Date Ex Date Recording Date Trade Date Old New
MDKA 1 5 17-Oct-19 18-Oct-19 21-Oct-19 18-Oct-19
Source: KSEI and OSO Research Team
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OSODaily 18 Oktober 2019
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