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OSODaily 21 Februari 2020
ODAY TOP STOCK TRADED (LQ45)
JAKARTA COMPOSITE INDEX
5.942,49 13,70
0,23%
Previous 5.928,79 Lowest
5.929,15 Highest 5.960,71 Val IDR bn
6.848
Volbn 6.190 Mkt Cap IDRtr
6.870,31 Net Forg 1DIDRbn (168,42) Net ForgYTDIDRbn
(191,08)
Return YTD (%) (5,67) Month to date (%)
0,04
Indices
Last Chg% YTD% Americas
Dow Jones United States 29.219,98 (0,44) 13,03 S&P 500 United States 3.373,23 (0,38) 21,56 Nasdaq United States 9.750,97 (0,67) 30,72 EIDO United States 24,00 (1,60) (10,11) EMEA
FTSE 100 United Kingdom 7.436,64 (0,27) 3,76
CAC 40 France 6.062,30 (0,80) 16,67 D DAX Germany 13.664,00 (0,91) 19,62
Asia Pacific
Nikkei Japan 23.400,70 0,34 9,55 Shanghai China 2.975,40 1,84 9,74 TWSE Taiwan 11.758,84 (0,29) 14,14 KOSPI Korea 2.210,34 (0,67) (1,54) KLSE Malaysia 1.534,16 0,05 (11,08) ST – Times Singapore 3.213,71 (0,50) (2,46) Sensex India 41.323,00 (0,07) 15,49 Hangseng Hongkong 27.655,81 (0,17) (3,17)
Sectoral Previous Last Chg% YTD% AGRICULTURE 1.299,80 1.293,15 (0,51) (15,17) MINING 1.431,69 1.454,90 1,62 (6,05) MISC INDUSTRY 1.099,46 1.102,00 0,23 (9,96) BASIC INDUSTRY 884,69 883,00 (0,19) (9,73) CONSUMER GOODS 1.922,01 1.937,53 0,81 (5,61) PROPERTY 458,54 455,88 (0,58) (9,53) INFRASTRUKTUR 1.018,42 1.017,48 (0,09) (10,55) FINANCE 1.345,85 1.349,19 0,25 (0,40) MANUFAKTURE 1.343,42 1.348,66 0,39 (7,68) TRADE 704,85 704,20 (0,09) (8,53) LQ 45 964,39 968,54 0,43 (4,53)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 53,29 53,88 1,11 (12,20) Gold (USD tr.oz) 1.611,70 1.619,56 0,49 6,77 Nickel (USD/mtrc ton) 12.830,00 12.670,00 (1,25) (9,66) Tin (USD/mtrc ton) 16.525,00 16.575,00 0,30 (3,49) Copper (USD/mtrc ton) 5.770,00 5.728,00 (0,73) (7,22) CPO (MYR/ton) 2.645,00 2.669,00 0,91 (12,23) Coal (USD/ton) 67,05 67,05 - (1,03)
Currencies
Last Chg% YTD% IDR / USD
13.750,00 (0,41) 0,84
IDR / AUD
9.104,83 0,35 6,73 IDR / EUR
14.822,54 (0,08) 4,93
IDR /SGD
9.821,94 0,08 4,96 IDR / JPY
123,24 1,25 3,64
IDR / GBP
17.711,24 0,25 2,89 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 1,80 1,10 Japan 0,10 0,80 -0,40 China 4,35 5,40 6,00 Domestic macro Economics Lastest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 5,69 (0,14) (11,64) GovBonds (10y) 6,52 (0,05) (7,73)
Inflasi YoY 2,68
Inflasi MoM 0,39 Bi rate 4,75 GDP Growth YoY (%) 4,97
Foreign Reserve (Bn) 131,70 Government Bonds Yield% Wow% Ytd% 7 Year 6,52 6,38 6,38 15 Year 7,04 7,04 7,04 20 Year 7,26 7,26 7,26 30 Year 7,47 7,47 7,47
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (20/02) IHSG ditutup menguat 0.23% ke level 5.942.49. Lima dari sepuluh indeks sektoral ditutup dalam teritori positif, dimana sektor pertambangan dan barang konsumsi memimpin penguatan masing-masing sebesar 1.62% dan 0.81%. Adapun saham yang menjadi penggerak indeks diantaranya ; BBRI, UNVR, BBNI, ICBP, BMRI. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 168 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.41% ke level 13.750. Global Review Pada perdagangan semalam (20/02) bursa saham Wall Street kompak ditutup dalam zona merah, dimana Nasdaq memimpin pelemahan sebesar 0.67% disusul Dow Jones dan S&P 500 yang masing-masing turun sebesar 0.45% dan 0.38%. Pelemahan tersebut seiring dengan kembali munculnya kekhawaitran terhadap penyebaran virus corona yang di sampaikan oleh wakil gubernur The Fed Richard Clarida yang menyatakan meskipun penyebaran virus corona di China mulai melambat namun masih ada kekhawatiran penyebaran virus ini di luar China. Jumlah kasus virus corona di Korea Selatan dan Jepang terus meningkat setelah adanya laporan dua warga negara Jepang meninggal akibat virus tersebut. JCI Prediction IHSG ditutup menguat sebesar 0.23% ke level 5.942,49. IHSG ditutup beariish candle. Adapun indikator Stochastic bullish dan MACD histogram bergerak ke arah negatif dengan Volume meningkat. Kami perkirakan IHSG akan bergerak melemah dengan pergerakan di kisaran 5.877 – 5.962. Major Economic Release
Interest Rate Decision Indonesia turun ke
level 4.75% dari sebelumnnya di level 5%.
Lending Facility Rate Indonesia bulan
Februari turun ke level 5.50% dari
sebelumnya di level 5.75%.
Deposit Facility Rate Indonesia bulan
Februari turun ke level 4% dari sebelumnya
di level 4.25%.
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OSODaily 21 Februari 2020
TODAY TOP STOCK TRADED (LQ45)
Top Gainers Last Chg% YTD% MC (T) Beta
INDY IJ Equity
935 8,72 (21,76) 4,87 1,49
PTBA IJ Equity
2.490 3,75 (6,39) 28,69 1,21
INDF IJ Equity
7.300 3,55 (7,89) 64,10 1,20
ADRO IJ Equity
1.350 3,45 (13,18) 43,18 1,48
INCO IJ Equity
3.120 2,63 (14,29) 31,00 1,73
Top Losers Last Chg% YTD% MC (T) Beta
EXCL IJ Equity
2.680 (2,90) (14,92) 28,64 1,35
PWON IJ Equity
580 (2,52) 1,75 27,93 1,41
SCMA IJ Equity
1.330 (2,21) (5,67) 19,65 1,47
WIKA IJ Equity
2.040 (1,92) 2,51 18,30 1,68
ERAA IJ Equity
1.780 (1,66) (0,84) 5,68 1,31
Top Volume Last Volume (Mn) YTD% MC (T) Beta
PGAS IJ Equity
1.555 99,4 (28,3) 37,70 1,63
SRIL IJ Equity
228 98,5 (12,3) 4,66 0,72
BBRI IJ Equity
4.560 98,2 3,6 562,46 1,57
HMSP IJ Equity
1.945 62,4 (7,4) 226,24 1,26
BMRI IJ Equity
8.000 57,3 4,2 373,33 1,57
Top Value Last Value (Bn) YTD% MC (T) Beta
BBCA IJ Equity
32.975 491,9 (1,3) 813,00 1,03
BMRI IJ Equity
8.000 486,5 4,2 373,33 1,57
BBRI IJ Equity
4.560 459,7 3,6 562,46 1,57
TLKM IJ Equity
3.630 231,3 (8,6) 359,60 0,80
ASII IJ Equity
6.275 220,8 (9,4) 254,03 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 5.942 18,46 1,96 7.123
Nikkei
Japanese 23.479 20,71 1,75 25.611
Shanghai
China 3.030 14,51 1,48 3.301
TWSE
Taiwan 11.725 18,58 1,75 12.858
KOSPI
Korea 2.196 19,54 0,86 2.704
KLSE
Malaysia 1.535 17,64 1,54 1.710
ST - Times
Singapore 3.198 11,98 1,08 3.504
Sensex
India 41.280 25,26 3,22 46.878
Hangseng
Hongkong 27.609 11,33 1,22 32.289
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
BBRI IJ Equity
4560 1,79 3,64 562 1,57
UNVR IJ Equity
7650 2,34 (8,93) 292 1,05
BBNI IJ Equity
7925 1,93 0,96 148 1,60
ICBP IJ Equity
11225 2,05 0,67 131 0,60
BMRI IJ Equity
8000 0,63 4,23 373 1,57
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
32975 (1,49) (1,35) 813 1,03
BRPT IJ Equity
1220 (1,21) (19,21) 109 1,26
MYOR IJ Equity
1985 (2,70) (3,17) 44 0,22
HMSP IJ Equity
1945 (0,51) (7,38) 226 1,26
FREN IJ Equity
104 (3,70) (24,64) 23 1,39
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1.306,14 (6,23) (5,44)
Oso Syariah Equity Fund
471,06 (11,11) (16,73)
Source: Bloomberg LP & OSO Research Team
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OSODaily 21 Februari 2020
COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS
India telah mengeluarkan izin impor untuk 1,1 juta ton refined bleached deodorized (RBD) palm olein dari Indonesia. Ini sebuah langkah yang mengejutkan lantaran baru bulan lalu New Delhi membatasi impor produk turunan minyak kelapa sawit (CPO). Pembelian kembali minyak sawit olahan oleh India, importir CPO terbesar di dunia, tentu bisa mengangkat impor minyak sawit negeri Sungai Gangga.
China, bersama dengan beberapa negara lain, telah dihapus dari daftar negara "berkembang" oleh Amerika Serikat. Melansir People's Daily, sebagai gantinya, Amerika menganggap China sebagai negara "maju" ketika menyangkut perdagangan internasional. Kantor Perwakilan Perdagangan AS (Office of the US Trade Representative/USTR) juga mencabut preferensi khusus untuk daftar anggota Organisasi Perdagangan Dunia (WTO), termasuk Brasil, India, Indonesia, dan Afrika Selatan.
Bank Indonesia (BI) terus melakukan penilaian dan evaluasi terhadap perkembangan wabah virus Covid-19 atau corona, serta dampaknya pada perekonomian global maupun domestik. Untuk sementara, Gubernur BI Perry Warjiyo mengatakan, dampak dari wabah corona akan paling terasa ke perekonomian sepanjang Februari dan Maret ini atau sepanjang kuartal I-2020.
CORPORATES NEWS
Tahun ini, PT Semen Baturaja Tbk (SMBR) hanya mengalokasikan belanja modal atau capital expenditure (capex) sebesar Rp 150 miliar. Jumlah ini dipangkas 81,25% dari alokasi capex tahun lalu yang mencapai Rp 800 miliar.
PT Bank Negara Indonesia Tbk (BNI) dalam Rapat Umum Pemegang Saham Tahunan (RUPST) untuk Tahun Buku 2019 sepakat untuk membagikan 25% dari total laba bersih pada tahun buku 2019 sebesar Rp 15,38 triliun sebagai dividen. Jumlah dividen yang dibagikan yakni mencapai Rp 3,85 triliun.
PT Indoritel Makmur Internasional Tbk (DNET) masih terus fokus mengembangkan gerai-gerainya. Sepanjang tahun ini, pemilik gerai Indomaret tersebut menargetkan membuka 1.000 gerai baru.
PT Vale Indonesia Tbk (INCO) membukukan laba bersih periode berjalan senilai US$ 57,40 juta. Realisasi ini turun 5,14% dibandingkan dengan laba bersih periode berjalan tahun sebelumnya yang mencapai US$ 60,51 juta.
PT Wijaya Karya Beton Tbk (WTON) mendapatkan banyak kontrak baru di sepanjang tahun lalu. Anak usaha PT Wijaya Karya Tbk ini berhasil mencatatkan nilai kontrak Rp 8,3 triliun, meningkat 7,79% dibandingkan tahun 2018 sebesar Rp 7,7 triliun.
Tahun lalu, PT Aneka Tambang Tbk (ANTM) berhasil mencetak rekor penjualan emas sepanjang sejarah perusahaan, yakni mencapai 1,09 juta ons troi atau tumbuh 21,97% secara tahunan atau year on year (yoy). Uniknya, di periode yang sama, produksi emas emiten bersandi saham ANTM ini hanya tumbuh 0,30% yoy menjadi 63.111 ons troi.
PT Bank Central Asia Tbk (BBCA) masih mencatat kinerja yang mumpuni di tengah perlambatan kinerja industri perbankan. Tahun lalu, BBCA berhasil meraup laba bersih Rp 28,5 triliun, tumbuh 10,5% dari tahun sebelumnya.
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 : Turun Tipis
Recommendation : Trading Buy Entry Buy : 7.950 – 8.000 Target Price : 8.125 – 8.175 Support : 7.900 – 7.950 Cutloss : 7.875
DAILY TECHNICAL
BUY BMRI l PE : 13,6 l PBV : 1,82 l ROE : 14,25 l NPM : 32,82 l DER : 50,07 l Fair Value : 8.700
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 8.125. Apabila break 8.125 next harga ke level 8.175. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 7.875 jika sudah melewati support 7.900 – 7.950.
NOTE:
BMRI : Laba Bank Mandiri Cyariah Capai Rp 1,28 Triliun Desember 2019 PT Bank Mandiri Syariah Tbk kini mulai memfokuskan kiprahnya pada sektor digital. Hingga tahun 2019, transformasi digital mendongkrak kinerja Bank Mandiri Syariah. Tercatat, laba bersih bank ini sebesar Rp 1,28 triliun per Desember 2019, hal ini naik sebesar 110,68% jika dibandingkan dengan tahun sebelumnya. Adapun indikator bisnis Bank Mandiri Syariah secara keseluruhan seperti aset, dana pihak ketiga serta fee based income naik secara signifikan. Direktur Utama Mandiri Syariah Toni EB Subari mengatakan, kenaikan laba tersebut ditopang oleh pendapatan margin juga fee based income, yang antara lain disumbang dari transformasi digital.
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat Tipis
Recommendation : Trading Buy Entry Buy : 675 – 685 Target Price : 695 –705 Support : 670 – 675 Cutloss : 665
DAILY TECHNICAL
SSIA : Borong Lahan Di Subang, SSIA Siapkan Capex Rp 600 Miliar PT Surya Semesta Internusa Tbk. menargetkan bisa memasarkan lahan industrial seluas 20 hektare pada 2020. Investor Relations Surya Semesta Internusa Erlin Budiman mengatakan tahun ini perseroan menargetkan bisa menjual lahan seluas 20 hektare. Jumlah itu naik 12,35% dari realisasi tahun lalu sebesar 17,8 hektare atau lebih tinggi 33,33% dari target 2019 sebesar 15 hektare.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 695. Apabila break 695 next harga ke level 705. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 665 jika sudah melewati support 670 – 675.
SSIA l PE : 33,5 l PBV : 0,82 l ROE : 2,46 l NPM : 1,02 l DER : 34,35 l Fair Value : 1.035
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Turun
Recommendation : Trading Buy Entry Buy : 1.330 – 1.350 Target Price : 1.380 – 1.395 Support : 1.315 – 1.330 Cutloss : 1.310
DAILY TECHNICAL
BUY ADRO l PE : 6,1 l PBV : 0,81 l ROE : 13,60 l NPM : 11,54 l DER : 32,95 l Fair Value : 1.530
ADRO : Ini Strategi ADRO Menopang Kinerja Di Tengah Pelemahan Harga Batubara Melemahnya harga batubara tidak menyurutkan langkah bisnis PT Adaro Energy Tbk (ADRO). Emiten penghuni Indeks Kompas100 ini telah menyiapkan strategi guna menghadapi harga si emas hitam yang terus merosot. Head of Corporate Communication Division Adaro Energy Febriati Nadira mengatakan, ADRO akan terus berfokus pada keunggulan operasional dan efisiensi. ADRO juga akan menjaga tingkat produksi batubara guna menjaga cadangan batubara jangka panjang untuk pengembangan bisnis pembangkit listrik ke depan.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.380. Apabila break 1.380 next harga ke level 1.350. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.310 jika sudah melewati support 1.315 – 1.330.
NOTE:
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Sector Rotation
Mingguan
Bulanan
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OSODaily 21 Februari 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 BASIC INDUSTRY
BRPT IJ Equity 1.220 (1,21) (19,21) 6,60 611,59 15,58 0,21 1,20 98,23 840 -31% Sell
CPIN IJ Equity 6.850 0,74 5,38 5,61 30,87 19,16 13,14 19,08 22,95 5.911 -14% Sell
INKP IJ Equity 6.625 (1,12) (13,96) 0,66 8,46 2,81 3,57 8,09 113,83 11.300 71% Buy
INTP IJ Equity 17.300 (0,14) (9,07) 2,85 37,37 21,49 6,43 7,58 0,50 20.274 17% Buy
JPFA IJ Equity 1.590 1,92 3,58 1,85 12,06 4,88 6,39 16,10 59,63 2.053 29% Buy
SMGR IJ Equity 11.775 0,21 (1,88) 2,24 30,56 8,97 3,48 7,46 30,13 15.018 28% Buy
TKIM IJ Equity 8.225 2,17 (19,95) 1,35 12,33 14,51 5,01 11,50 120,71 13.000 58% Buy
Industry Average in LQ45 3,02 106,18 12,49 5,46 10,14 63,71
Total of Industry Average 1,46 34,86 8,54 1,55 (11,83) 101,15
SECTOR CONSUMER GOODS
ACES IJ Equity 1.560 - 4,35 5,98 26,83 19,42 19,19 23,99 2,72 1.651 6% Hold
GGRM IJ Equity 55.575 0,68 4,86 2,26 11,53 6,93 13,37 20,54 38,38 59.918 8% Hold
HMSP IJ Equity 1.945 (0,51) (7,38) 7,09 16,14 12,22 28,65 44,36 0,33 2.189 13% Buy
ICBP IJ Equity 11.225 2,05 0,67 5,46 26,28 15,35 13,90 22,21 9,06 12.395 10% Buy
INDF IJ Equity 7.300 3,55 (7,89) 1,77 13,13 5,13 5,05 14,20 59,18 9.361 28% Buy
KLBF IJ Equity 1.420 (1,05) (12,35) 4,34 25,92 17,06 13,84 17,56 2,34 1.696 19% Buy
UNVR IJ Equity 7.650 2,34 (8,93) 55,25 39,48 25,93 36,08 116,74 75,07 8.777 15% Buy
Industry Average in LQ45 12,70 22,08 13,77 18,48 39,27 30,73
Total of Industry Average 4,31 29,93 11,37 9,26 5,13 55,60
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2.680 (2,90) (14,92) 1,50 130,48 2,70 1,18 3,80 140,83 3.857 44% Buy
JSMR IJ Equity 5.050 1,00 (2,42) 2,02 18,95 5,64 2,28 11,28 157,26 6.481 28% Buy
PGAS IJ Equity 1.555 1,63 (28,34) 1,05 12,64 2,20 3,09 7,33 109,43 2.193 41% Buy
TBIG IJ Equity 1.180 (0,84) (4,07) 7,19 37,32 6,25 2,29 19,49 532,56 1.320 12% Buy
TLKM IJ Equity 3.630 0,28 (8,56) 3,61 17,75 5,47 9,65 21,31 37,58 4.708 30% Buy
TOWR IJ Equity 880 0,57 9,32 5,24 21,56 8,97 8,55 25,79 142,95 946 8% Hold
Industry Average in LQ45 3,44 39,78 5,21 4,51 14,83 186,77
Total of Industry Average 2,20 27,86 9,79 (2,80) (2,06) 131,82
Source: Bloomber LP
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OSODaily 21 Februari 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 1.350 3,45 (13,18) 0,81 6,12 2,76 7,10 13,60 32,95 1.532 13% Buy
AKRA IJ Equity 3.060 0,66 (22,53) 1,50 17,00 9,38 4,57 11,23 42,61 4.321 41% Buy
ANTM IJ Equity 710 0,71 (15,48) 0,86 21,21 7,42 2,46 4,12 50,26 1.064 50% Buy
INCO IJ Equity 3.120 2,63 (14,29) 1,19 389,40 18,10 0,25 0,29 1,94 3.869 24% Buy
ITMG IJ Equity 10.925 1,16 (4,79) 0,95 5,30 2,91 11,77 17,06 - 13.202 21% Buy
PTBA IJ Equity 2.490 3,75 (6,39) 1,61 6,33 4,47 17,59 26,36 5,12 2.861 15% Buy
Industry Average in LQ45 1,15 74,23 7,51 7,29 12,11 22,15
Total of Industry Average 1,51 35,86 7,87 0,73 (1,82) 95,18
SECTOR MISC INDUSTRY
ASII IJ Equity 6.275 0,40 (9,39) 1,78 12,41 6,52 5,92 14,87 49,27 7.843 25% Buy
SRIL IJ Equity 228 (0,87) (12,31) 0,58 3,86 1,53 6,22 15,93 139,64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1,18 8,13 4,02 6,07 15,40 94,46
Total of Industry Average 2,14 41,76 5,97 2,49 19,48 94,41
SECTOR PROPERTY
BSDE IJ Equity 1.140 (1,30) (9,16) 0,76 7,21 7,69 5,69 11,03 46,06 1.620 42% Buy
CTRA IJ Equity 975 - (6,25) 1,23 17,88 7,63 2,94 7,16 50,80 1.313 35% Buy
PTPP IJ Equity 1.475 (1,34) (6,94) 0,70 7,82 3,31 2,27 9,37 74,03 1.992 35% Buy
PWON IJ Equity 580 (2,52) 1,75 1,94 9,59 7,90 11,59 22,21 36,44 681 17% Buy
WIKA IJ Equity 2.040 (1,92) 2,51 1,16 8,22 4,35 3,72 15,29 78,93 2.607 28% Buy
WSKT IJ Equity 1.215 (0,41) (18,18) 0,91 11,89 3,27 1,04 7,79 224,10 1.723 42% Buy
Industry Average in LQ45 1,12 10,44 5,69 4,54 12,14 85,06
Total of Industry Average 2,64 12,65 10,18 3,56 7,35 45,96
Source: Bloomber LP
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OSODaily 21 Februari 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 1.780 (1,66) (0,84) 1,21 15,97 6,01 3,42 8,28 88,81 2.088 17% Buy
LPPF IJ Equity 3.550 - (15,68) 5,56 12,77 6,45 16,19 37,82 - 3.755 6% Hold
MNCN IJ Equity 1.475 (1,01) (9,51) 1,65 8,28 5,01 13,22 21,24 42,22 1.888 28% Buy
SCMA IJ Equity 1.330 (2,21) (5,67) 3,75 15,92 10,82 19,59 26,60 0,33 1.765 33% Buy
UNTR IJ Equity 18.425 (0,27) (14,40) 1,23 6,43 2,69 9,42 19,84 17,95 24.625 34% Buy
Industry Average in LQ45 2,68 11,87 6,19 12,37 22,76 29,86
Total of Industry Average 2,15 25,55 63,68 0,44 0,36 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 32.975 (1,49) (1,35) 4,84 28,76 88,15 1,40 6,51 6,30 33.808 3% Hold
BBRI IJ Equity 4.560 1,79 3,64 2,70 16,23 89,64 2,62 6,78 66,52 4.769 5% Hold
BBNI IJ Equity 7.925 1,93 0,96 1,21 9,60 93,76 2,30 5,03 59,54 8.909 12% Buy
BBTN IJ Equity 1.920 1,32 (9,43) 0,85 98,59 113,51 4,78 3,15 225,31 2.162 13% Buy
BMRI IJ Equity 8.000 0,63 4,23 1,82 13,58 100,37 2,33 5,30 50,07 8.738 9% Buy
BTPS IJ Equity 4.350 1,16 2,35 8,38 33,46 454,49 1,39 38,72 149,94 4.506 4% Hold
Industry Average in LQ45 2,29 33,35 97,08 2,69 5,35 81,55
Total of Industry Average 44,02 32,06 110,57 3,16 7,33 82,83
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 #N/A Requesting Data... 4,3 #VALUE! Strong Sell Not Valid #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
ADRO IJ Equity 1.350 (13,2) Positif Trading Positif 1.230 1.310 1.385 1.335 1.310 1.285 1.360 1.385 1.265 Speculative Buy
AKRA IJ Equity 3.060 (22,5) Negatif Oversold Negatif 2.965 3.255 3.545 3.070 3.025 3.000 3.095 3.140 2.955 Speculative Buy
ANTM IJ Equity 710 (15,5) Negatif Oversold Negatif 665 725 785 710 705 695 720 725 685 Speculative Buy
ASII IJ Equity 6.275 (9,4) Negatif Trading Negatif 5.750 6.400 7.050 6.250 6.200 6.100 6.350 6.400 6.000 Sell
BBCA IJ Equity 32.975 (1,3) Positif Trading Negatif 32.575 33.625 34.675 33.175 32.900 32.525 33.550 33.825 32.050 Hold
BBNI IJ Equity 7.925 1,0 Negatif OverBought Positif 7.075 7.425 7.775 7.875 7.800 7.725 7.950 8.025 7.600 Sell
BBRI IJ Equity 4.560 3,6 Positif Trading Negatif 4.385 4.555 4.725 4.545 4.505 4.475 4.575 4.615 4.405 Hold
BBTN IJ Equity 1.920 (9,4) Negatif Trading Positif 1.700 1.870 2.045 1.910 1.890 1.855 1.945 1.965 1.830 Hold
BMRI IJ Equity 8.000 4,2 Negatif OverBought Positif 7.500 7.750 7.975 8.000 7.950 7.875 8.075 8.125 7.750 Sell
BRPT IJ Equity 1.220 (19,2) Positif Trading Negatif 1.165 1.260 1.355 1.225 1.210 1.185 1.250 1.265 1.170 Hold
BSDE IJ Equity 1.140 (9,2) Negatif Trading Positif 1.070 1.145 1.220 1.155 1.135 1.125 1.165 1.185 1.105 Hold
BTPS IJ Equity 4.350 2,4 Positif Trading Negatif 4.220 4.615 5.000 4.340 4.310 4.290 4.360 4.390 4.225 Hold
CPIN IJ Equity 6.850 5,4 Negatif Trading Positif 6.000 6.600 7.200 6.850 6.775 6.750 6.875 6.950 6.625 Hold
CTRA IJ Equity 975 (6,3) Negatif Trading Positif 855 925 1.000 975 965 950 990 1.000 935 Hold
ERAA IJ Equity 1.780 (0,8) Positif OverBought Positif 1.540 1.700 1.865 1.795 1.770 1.740 1.825 1.850 1.715 Hold
EXCL IJ Equity 2.680 (14,9) Positif Oversold Negatif 2.570 2.885 3.200 2.720 2.650 2.590 2.780 2.850 2.550 Speculative Buy
GGRM IJ Equity 55.575 4,9 Positif Trading Negatif 54.050 56.025 58.025 55.450 54.900 54.550 55.800 56.350 53.725 Hold
HMSP IJ Equity 1.945 (7,4) Positif Oversold Negatif 1.905 2.050 2.190 1.955 1.935 1.920 1.970 1.990 1.890 Speculative Buy
ICBP IJ Equity 11.225 0,7 Negatif Oversold Negatif 10.650 11.350 12.050 11.150 10.950 10.775 11.325 11.525 10.625 Speculative Buy
INCO IJ Equity 3.120 (14,3) Positif Oversold Negatif 3.050 3.225 3.400 3.095 3.055 3.025 3.125 3.165 2.975 Speculative Buy
INDF IJ Equity 7.300 (7,9) Negatif Oversold Negatif 6.825 7.650 8.450 7.200 7.050 6.875 7.375 7.525 6.775 Speculative Buy
INKP IJ Equity 6.625 (14,0) Negatif Trading Positif 5.750 6.825 7.900 6.700 6.550 6.450 6.800 6.950 6.350 Hold
source: Bloomberg Lp
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OSODaily 21 Februari 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 17.300 (9,1) Negatif Trading Positif 15.575 17.250 18.900 17.350 17.100 16.925 17.525 17.775 16.675 Hold
ITMG IJ Equity 10.925 (4,8) Negatif Trading Positif 9.525 10.600 11.700 10.900 10.725 10.600 11.025 11.200 10.425 Hold
JPFA IJ Equity 1.590 3,6 Negatif Trading Positif 1.420 1.505 1.590 1.575 1.560 1.530 1.605 1.620 1.505 Hold
JSMR IJ Equity 5.050 (2,4) Negatif Trading Positif 4.560 4.840 5.125 5.050 5.000 4.965 5.075 5.125 4.890 Hold
KLBF IJ Equity 1.420 (12,3) Negatif Trading Negatif 1.355 1.465 1.575 1.435 1.405 1.370 1.470 1.500 1.350 Sell
LPPF IJ Equity 3.550 (15,7) Negatif Trading Positif 2.885 3.350 3.815 3.605 3.495 3.445 3.655 3.765 3.390 Hold
MNCN IJ Equity 1.475 (9,5) Negatif Oversold Negatif 1.450 1.575 1.700 1.485 1.470 1.455 1.500 1.515 1.430 Speculative Buy
PGAS IJ Equity 1.555 (28,3) Negatif Oversold Positif 1.330 1.630 1.925 1.545 1.515 1.485 1.575 1.605 1.465 Speculative Buy
PTBA IJ Equity 2.490 (6,4) Negatif Trading Positif 2.175 2.300 2.425 2.460 2.405 2.360 2.505 2.560 2.320 Hold
PTPP IJ Equity 1.475 (6,9) Negatif Trading Positif 1.330 1.425 1.520 1.480 1.455 1.415 1.520 1.545 1.395 Hold
PWON IJ Equity 580 1,8 Negatif OverBought Positif 499 545 595 590 580 570 600 610 560 Sell
SCMA IJ Equity 1.330 (5,7) Negatif Trading Negatif 1.300 1.420 1.540 1.345 1.330 1.310 1.365 1.380 1.290 Sell
SMGR IJ Equity 11.775 (1,9) Negatif Trading Negatif 11.125 12.125 13.125 11.800 11.675 11.550 11.925 12.050 11.375 Sell
SRIL IJ Equity 228 (12,3) Negatif Trading Positif 201 226 250 230 222 214 238 246 211 Hold
TBIG IJ Equity 1.180 (4,1) Positif Trading Negatif 1.155 1.200 1.250 1.185 1.170 1.150 1.205 1.220 1.135 Hold
TKIM IJ Equity 8.225 (20,0) Negatif Oversold Negatif 6.800 8.825 10.850 8.250 7.950 7.800 8.400 8.700 7.675 Speculative Buy
TLKM IJ Equity 3.630 (8,6) Positif Oversold Negatif 3.595 3.775 3.955 3.625 3.600 3.575 3.650 3.675 3.520 Speculative Buy
TOWR IJ Equity 880 9,3 Positif OverBought Negatif 815 860 905 875 870 850 895 900 840 Sell
UNTR IJ Equity 18.425 (14,4) Negatif Oversold Positif 17.275 18.950 20.600 18.475 18.325 18.225 18.575 18.725 17.950 Speculative Buy
UNVR IJ Equity 7.650 (8,9) Negatif Oversold Negatif 7.250 7.875 8.500 7.575 7.475 7.350 7.700 7.800 7.250 Speculative Buy
WIKA IJ Equity 2.040 2,5 Negatif Trading Positif 1.860 1.960 2.065 2.060 2.030 2.000 2.090 2.120 1.970 Hold
WSKT IJ Equity 1.215 (18,2) Negatif Trading Positif 1.075 1.205 1.340 1.215 1.200 1.180 1.235 1.250 1.160 Hold
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
20-Feb-20 Japan, Foreign Bond Investment 15/FEB JPY ¥1633.8B
Japan, Stock Investment by Foreigners 15/FEB JPY ¥282.9B
China, Loan Prime Rate 1Y CNY 4.15%
China, Loan Prime Rate 5Y FEB CNY 4.8%
Indonesia, Lending Facility Rate FEB IDN 5.75%
Indonesia, Interest Rate Decision IDN 5%
Indonesia, Deposit Facility Rate FEB IDN 4.25%
GB Retail Sales MoM JAN GBR -0.6%
GB Retail Sales YoY JAN GBR -0.6%
US Initial Jobless Claims 15/FEB USD 208K
US Continuing Jobless Claims 08/FEB USD 1698K
US EIA Natural Gas Stocks Change 14/FEB USD -115Bcf
US EIA Crude Oil Stocks Change 14/FEB USD 7.459M
US CB Leading Index MoM JAN USD -0.3% 0.4%
21-Feb-20 Japan, Inflation Rate YoY JAN JPY 0.8%
Japan, Inflation Rate MoM JAN JPY 0.1%
Japan, Jibun Bank Manufacturing PMI Flash FEB JPY 48.8
Japan, All Industry Activity Index MoM DEC JPY 0.9%
Indonesia, Car Sales YoY JAN IDN -1.4%
GB Markit/CIPS Manufacturing PMI Flash FEB GBR 50
GB Markit/CIPS UK Services PMI Flash FEB GBR 53.9
GB Markit/CIPS Composite PMI Flash FEB GBR 53.3
US Markit Manufacturing PMI Flash FEB USD 51.9
US Markit Composite PMI Flash FEB USD 53.3
US Markit Services PMI Flash FEB USD 53.4
US Existing Home Sales MoM JAN USD 3.6%
US Existing Home Sales JAN USD 5.54M 5.41M
24-Feb-20 GB CBI Distributive Trades FEB GBR 0
US Chicago Fed National Activity Index JAN USD -0.35
US Dallas Fed Manufacturing Index FEB USD -0.2
25-Feb-20 Japan, Leading Economic Index Final DEC JPY 90.8 91.6
Japan, Coincident Index Final DEC JPY 94.7 94.7
GB CBI Distributive Trades FEB GBR 0
US House Price Index MoM DEC USD 0.2%
US CB Consumer Confidence FEB USD 131.6 132.4
US API Crude Oil Stock Change 21/FEB USD 4.2M
Source: Bloomberg Lp
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OSODaily 21 Februari 2020
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
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OSODaily 21 Februari 2020
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