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OSODaily 22 April 2020
ODAY TOP STOCK TRADED (LQ45)
+++++
JAKARTA COMPOSITE INDEX
4.501,93 (73,99)
-1,62%
Previous 4.575,91 Lowest
4.482,64 Highest 4.575,91 Val IDR bn
6.472
Volbn 8;178 Mkt Cap IDRtr
5.204,92 Net Forg 1DIDRbn (427,30) Net ForgYTDIDRbn
(16.452,85)
Return YTD (%) (28,54) Month to date (%)
(0,82)
Indices
Last Chg% YTD% Americas
Dow Jones United States 23.650,44 (2,44) (10,95) S&P 500 United States 2.823,16 (1,79) (2,82) Nasdaq United States 8.560,73 (1,03) 7,04 EIDO United States 15,21 (2,94) (42,97) EMEA
FTSE 100 United Kingdom 5.675,05 (2,37) (23,93)
CAC 40 France 4.389,11 (3,07) (21,35) D DAX Germany 10.313,78 (3,39) (15,62)
Asia Pacific
Nikkei Japan 19.669,12 (1,97) (13,15) Shanghai China 2.852,55 (0,90) (13,57) TWSE Taiwan 10.586,71 (2,82) (6,20) KOSPI Korea 1.898,36 (1,00) (15,20) KLSE Malaysia 1.413,12 (2,22) (14,82) ST – Times Singapore 2.597,85 (1,77) (23,77) Sensex India 31.648,00 (3,20) (21,73) Hangseng Hongkong 24.330,02 (2,20) (20,59)
Sectoral Previous Last Chg% YTD% AGRICULTURE 987,77 963,50 (2,46) (36,80) MINING 1.228,20 1.199,95 (2,30) (22,52) MISC INDUSTRY 714,45 705,81 (1,21) (42,33) BASIC INDUSTRY 647,01 644,01 (0,46) (34,16) CONSUMER GOODS 1.704,44 1.689,16 (0,90) (17,71) PROPERTY 320,66 313,82 (2,13) (37,72) INFRASTRUKTUR 843,94 835,63 (0,98) (26,54) FINANCE 961,72 940,53 (2,20) (30,57) MANUFAKTURE 1.073,16 1.064,51 (0,81) (27,13) TRADE 599,76 586,77 (2,17) (23,78) LQ 45 682,85 667,63 (2,23) (34,19)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 18,27 (37,63) (305,97) (106,55) Gold (USD tr.oz) 1.682,82 1.695,65 0,76 10,19 Nickel (USD/mtrc ton) 12.042,00 12.514,00 3,92 (10,77) Tin (USD/mtrc ton) 15.070,00 15.215,00 0,96 (11,41) Copper (USD/mtrc ton) 5.211,00 5.183,50 (0,53) (16,04) CPO (MYR/ton) 2.290,00 2.113,00 (7,73) (30,52) Coal (USD/ton) 56,35 54,90 (2,57) (18,97)
Currencies
Last Chg% YTD% IDR / USD
15.468,00 (0,02) (10,36)
IDR / AUD
9.744,37 0,31 (0,27) IDR / EUR
16.758,07 (0,18) (7,19)
IDR /SGD
10.900,88 (0,33) (5,43) IDR / JPY
145,00 (0,84) (11,92)
IDR / GBP
19.165,27 0,27 (4,92) Global Macro Economics
CB Rate CPI YoY GDP YoY
United States 0,25 2,30 2,30 Euro Area 0,00 1,20 1,00 United Kingdom 0,10 1,70 1,10 Japan 0,10 0,40 -0,70 China 4,35 5,20 6,00 Domestic macro Economics Latest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 7,58 (0,43) 17,76 GovBonds (10y) 8,14 (0,87) 15,21
Inflasi YoY 2,96
Inflasi MoM 0,10 Bi rate 4,50 GDP Growth YoY (%) 4,97
Foreign Reserve (Bn) 120,97 Government Bonds Yield% Wow% Ytd% 7 Year 7,79 7,75 7,75 15 Year 8,04 8,04 8,04 20 Year 8,08 8,08 8,08 30 Year 8,31 8,31 8,31
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (21/04) IHSG ditutup melemah sebesar 1.62% ke level 4.501.92. Seluruh indeks sektoral ditutup dalam teritori negatif, dimana sektor perkebunan dan pertambangan memimpin pelemahan masing-masing sebesar 2.46% dan 2.30%. Adapun saham yang menjadi pemberat indeks diantaranya ; BBCA, BBRI, TLKM, UNTR, ASII. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 437 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.02% ke level 15.468. Global Review Pada perdagangan semalam (21/04) bursa saham Wall Street kompak berada dalam.zona merah, dimana Nasdaq dan S&P 500 melemah sebesar 3.48% dan 3.07%, sedangkan Dow Jones turun sebesar 2.67%. Pelemahan tersebut masih dikarenakan efek Corona yang belum mereda di Amerika Serikat (AS), dalam dua minggu terakhir tercatat kasus Corona di AS naik hampir dua kali lipat melebihi 800 ribu orang. Adapaun efek yang ditimbulkan akibat masa pandemi tersebut sangatlah besar, mulai dari penutupan akses ekonomi sehingga memicu jutaan kasus PHK yang dikarenakan kebijakan perusahaan di saat pandemi. Tercatat hingga bulan kemarin data pengangguran di AS meningkat hingga 22 juta kasus, sementara perkiraan dara aktivitas bisnis AS pekan depan diperkirakan jatuh ke level terendah sejak era resesi. JCI Prediction IHSG ditutup melemah sebesar 1,62% ke level 4.501,92. IHSG ditutup bearish candle. Adapun indikator Stochastic melemah dan MACD histogram bergerak turun dengan Volume meningkat. Kami perkirakan IHSG bergerak melemah dengan pergerakan di kisaran 4.370 – 4.573. Major Economic Release
Existing Home Sales United States bulan
Maret turun sebesar 8.5% dibandingkan
sebelumnya yang naik 6.3% (MoM).
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OSODaily 22 April 2020
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
TBIG IJ Equity
1.090 5,31 (11,38) 24,70 0,99
BRPT IJ Equity
1.015 5,18 (32,78) 90,35 1,84
KLBF IJ Equity
1.210 0,83 (25,31) 56,72 1,16
INDF IJ Equity
6.275 0,80 (20,82) 55,10 1,15
BMRI IJ Equity
4.350 (0,46) (43,32) 203,00 1,54
Top Losers
Last Chg% YTD% MC (T) Beta
LPPF IJ Equity
1.395 (7,00) (66,86) 3,91 1,16
MNCN IJ Equity
950 (6,86) (41,72) 13,56 1,11
BTPS IJ Equity
2.050 (6,82) (51,76) 15,79 1,18
BSDE IJ Equity
695 (6,71) (44,62) 13,38 1,52
SCMA IJ Equity
780 (6,59) (44,68) 11,52 1,25
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
TOWR IJ Equity
885 155,2 9,9 45,15 0,80
BBRI IJ Equity
2.720 132,9 (38,2) 335,50 1,39
PGAS IJ Equity
765 99,7 (64,7) 18,54 1,87
MNCN IJ Equity
950 95,7 (41,7) 13,56 1,11
ANTM IJ Equity
482 92,1 (42,6) 11,58 1,87
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBRI IJ Equity
2.720 603,9 (38,2) 335,50 1,39
BBCA IJ Equity
25.800 468,2 (22,8) 636,10 1,10
BMRI IJ Equity
4.350 262,5 (43,3) 203,00 1,54
TLKM IJ Equity
3.070 237,3 (22,7) 304,12 0,93
ASII IJ Equity
3.640 183,5 (47,4) 147,36 1,38
Top Gainers Last Chg% YTD% MC (T) Beta
BENCHMARK INDICES COMPARISON Indices
Country Latest P/E PBV Target 2020F
Asia Pacific IHSG
Indonesia 4.502 13,12 1,26 5.654
Nikkei
Japanese 19.281 17,05 1,43 24.057
Shanghai
China 2.827 13,33 1,38 3.235
TWSE
Taiwan 10.288 16,52 1,51 11.422
KOSPI
Korea 1.879 17,93 0,74 2.456
KLSE
Malaysia 1.382 15,36 1,36 1.501
ST - Times
Singapore 2.552 9,89 0,87 3.082
Sensex
India 30.637 18,63 2,38 40.987
Hangseng
Hongkong 23.794 9,67 1,01 29.671
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
BRPT IJ Equity
1015 5,18 (32,78) 90 1,84
TBIG IJ Equity
1090 5,31 (11,38) 25 0,99
SMSM IJ Equity
1265 16,73 (15,10) 7 0,71
RMBA IJ Equity
252 11,67 (23,64) 9 0,02
TPIA IJ Equity
7900 2,60 (23,86) 141 0,67
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
25800 (1,98) (22,81) 636 1,10
BBRI IJ Equity
2720 (2,16) (38,18) 336 1,39
TLKM IJ Equity
3070 (1,60) (22,67) 304 0,93
UNTR IJ Equity
16400 (5,20) (23,81) 62 0,73
ASII IJ Equity
3640 (2,15) (47,44) 147 1,38
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund
Latest 1 Month (%) YTD% Oso Sustainability Fund
1.000,69 (16,65) (27,55)
Oso Syariah Equity Fund
414,50 (11,65) (26,73)
Source: Bloomberg LP & OSO Research Team
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COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS
Harga minyak mentah West Texas Intermediate (WTI) terjun bebas hari Senin (20/4) di pasar saham AS, dan
untuk pertama kalinya turun sampai minus 40 dolar per barel di pasar berjangka untuk bulan Mei. Harga minus
itu berarti, pembeli kontrak berjangka bukannya membayar; melainkan mendapat uang. Penurunan drastis ini
terjadi setelah permintaan bahan bakar di seluruh dunia anjlok karena pandemi corona dan kebijakan lockdown
yang diberlakukan di berbagai negara.
Otoritas China mengumumkan, Produk Domestik Bruto (PDB) regional Beijing hanya mencapai 746,2 miliar yuan
(sekitar US$ 105,5 miliar) pada kuartal pertama. Angka itu mengerucut 6,6% secara YoY. Jika dirinci lebih jauh,
nilai tambah industri tersier mencatatkan penurunan paling lambat sebesar 4,8% YoY selama periode tiga bulan
menjadi 654 miliar yuan.
Adanya pandemi Covid-19 membuat pemerintah memangkas anggaran belanja kementerian. Anggaran
Kementerian Pekerjaan Umum dan Perumahan Rakyat (PUPR) pun dipangkas Rp 44,58 triliun, sehingga pagu
anggaran Kementerian PUPR menjadi RP 75,63 triliun dari pagu 2020 yang sebesar Rp 120,21 triliun.
CORPORATES NEWS
PT Fast Food Indonesia Tbk (FAST) tunda rencana penambahan modal dengan memberikan Hak Memesan Efek
Terlebih Dahulu (HMETD) atau rights issue. Hal tersebut menyusul strategi yang dilakukan perusahaan yakni
mengurangi pengeluaran yang tidak mendesak dan menunda berbagai belanja modal akibat pandemi virus corona.
PT Astra International Tbk (ASII) bersama Standard Chartered Bank dengan Bangkok Bank meneken amendment
letter yang mengubah harga jual Bank Permata menjadi 1,63 kali book value pada Senin (20/4). Corporate
Secretary PT Astra International Tbk Gita Tiffani Boer mengatakan, nilai tersebut berdasar pada nilai buku Bank
Permata untuk periode yang berakhir pada 31 Maret 2020.
PT Kawasan Industri Jababeka Tbk (KIJA) membukukan penurunan pendapatan sepanjang 2019 sebesar 16,97%
yoy menjadi Rp 2,25 triliun dari periode yang sama tahun sebelumnya Rp 2,71 triliun. Namun, laba KIJA naik 190%
dari Rp 40,97 miliar menjadi Rp 118,81 miliar pada tahun 2019.
Kinerja PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) masih prima di kuartal pertama tahun ini. Sepanjang
tiga bulan pertama tahun ini, SIDO membukukan laba periode tahun berjalan yang dapat diatribusikan kepada
entitas induk alias laba bersih sebesar Rp 231,53 miliar. Di periode sama tahun lalu, membukukan laba bersih
sebesar Rp 208,86 miliar. Ini berarti, laba bersih SIDO meningkat 10,85% year-on-year (yoy) di kuartal I 2020.
PT Chitose Internasional Tbk (CINT) mencatatkan penjualan tumbuh 11,17% year on year (yoy) menjadi Rp 411,78
miliar di sepanjang tahun lalu. Kendati penjualannya tumbuh, CINT membukukan laba tahun berjalan yang dapat
diatribusikan kepada entitas induk alias laba bersih CINT merosot 44,70% yoy menjadi Rp 7,08 miliar di sepanjang
tahun 2019.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 985 – 1.015 Target Price : 1.050 – 1.065 Support : 980 – 985 Cutloss : 875
DAILY TECHNICAL
BUY BRPT l PE : 153,9 l PBV : 4,86 l ROE : 3,76 l NPM : 1,84 l DER : 92,01 l Fair Value : 780
Pendiri Barito Pacific (BRPT) Salurkan Bantuan Pandemi COVID-19 Taipan Prajogo Pangestu, pendiri Barito Pacific Group, memberikan bantuan senilai Rp30 miliar yang akan diserahkan secara bertahap untuk rumah sakit di DKI Jakarta, Jawa Barat, dan Banten guna penanganan pandemi COVID-19. Direktur Utama Barito Pacific Agus Salim Pangestu mengatakan bahwa bantuan tersebut diperoleh dari dua anak perusahaan Barito Pacific Group yaitu PT Chandra Asia Petrochemical Tbk., Star Energy, dan Yayasan Bakti Barito.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.050. Apabila break 1.050 next harga ke level 1.065. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 875 jika sudah melewati support 980 – 985.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat
Recommendation : Buy On Weakness Entry Buy : 1.950 – 2.080 Target Price : 2.110 – 2.150 Support : 1.945 – 1.950 Cutloss : 1.940
DAILY TECHNICAL
BUY MYOR l PE : 21,3 l PBV : 4,83 l ROE : 20,79 l NPM : 7,94 l DER : 70,32 l Fair Value : 2.284
Sebulan Terakhir, Bos Mayora (MYOR) Borong Saham Direktur Utama PT Mayora Indah Tbk. (MYOR) Andre Sukendra Atmadja Kembali menambah kepemilikan saham pada emiten makanan dan minuman tersebut. Berdasarkan data yang dihimpun Bisnis dari keterbukaan informasi Bursa Efek Indonesia, jumlah saham yang ia borong selama sebulan terakhir adalah 406.400 lembar saham. Adapun, sepertinya perseroan melakukan kesalahan saat memasukkan data pada tanggal 24 Maret 2020, sehingga tidak tertera harga transaksi untuk pembelian 51.800 lembar saham pada hari tersebut.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 2.110. Apabila break 2.110 next harga ke level 2.150. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.940 jika sudah melewati support 1.945 – 1.950.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 670 – 690 Target Price : 715 – 725 Support : 665 – 670 Cutloss : 660
DAILY TECHNICAL
Cikarang Listrindo (POWR) Anggarkan Dana US$ 5 Juta Untuk Buyback Perusahaan pembangkit listrik dan pendistribusian listrik PT Cikarang Listrindo Tbk (POWR) menyiapkan dana sebesar US$ 5 juta atau setara Rp 72,45 miliar jika kurs rupiah di level Rp 14.490 per dolar Amerika Serikat (AS). "Sesuai dengan surat edaran OJK, jumlah saham yang akan dibeli kembali tidak akan melebih 20% dari jumlah modal disetor dengan ketentuan paling sedikit saham yang beredar adalah 7,5% dari modal disetor.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 715. Apabila break 715 next harga ke level 725. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 660 jika sudah melewati support 665 – 670.
POWR l PE : 7,2 l PBV : 1,06 l ROE : 14,92 l NPM : 13,74 l DER : 84,13 l Fair Value :
Souce: OSO Research Team
BUY
NOTE:
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Sector Rotation
Mingguan
Bulanan
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OSODaily 22 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price last Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR BASIC INDUSTRY
BRPT IJ Equity 1.015 5,18 (32,78) 4,86 153,89 12,36 0,62 3,76 92,01 780 -23% Sell
CPIN IJ Equity 3.940 (2,72) (39,38) 3,23 17,75 11,02 13,14 19,08 22,95 4.986 27% Buy
INKP IJ Equity 4.990 (1,67) (35,19) 0,43 6,33 2,01 3,18 7,06 95,94 11.300 126% Buy
INTP IJ Equity 10.700 (2,28) (43,76) 1,71 21,46 12,61 6,61 7,93 0,48 15.953 49% Buy
JPFA IJ Equity 865 (5,46) (43,65) 0,94 5,72 2,44 7,32 17,32 75,31 1.513 75% Buy
SMGR IJ Equity 5.900 (6,35) (50,83) 1,08 14,64 4,02 3,66 7,54 82,74 12.274 108% Buy
TKIM IJ Equity 4.900 (2,00) (52,31) 0,71 5,77 7,60 5,01 11,50 120,71 13.000 165% Buy
Industry Average in LQ45 1,85 32,23 7,44 5,65 10,60 70,02
Total of Industry Average 1,19 25,86 6,81 1,51 (11,64) 100,29
SECTOR CONSUMER GOODS
ACES IJ Equity 1.280 (2,29) (14,38) 4,90 22,01 15,94 19,19 23,99 2,72 1.400 9% Buy
GGRM IJ Equity 43.200 (3,14) (18,49) 1,63 7,64 4,72 14,73 22,65 34,19 57.084 32% Buy
HMSP IJ Equity 1.570 (1,26) (25,24) 5,12 13,34 9,89 28,15 38,63 1,17 1.906 21% Buy
ICBP IJ Equity 9.975 (0,99) (10,54) 4,86 23,36 13,64 13,90 22,21 9,06 11.435 15% Buy
INDF IJ Equity 6.275 0,80 (20,82) 1,46 11,22 4,16 5,09 13,75 42,38 8.076 29% Buy
KLBF IJ Equity 1.210 0,83 (25,31) 3,57 22,63 14,81 13,05 16,43 4,89 1.439 19% Buy
UNVR IJ Equity 6.925 (1,07) (17,56) 50,02 35,74 23,47 36,08 116,74 75,07 8.488 23% Buy
Industry Average in LQ45 11,11 18,99 11,78 18,50 38,40 27,79
Total of Industry Average 3,49 21,43 10,26 5,39 (32,48) 58,11
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2.300 (2,13) (26,98) 1,29 130,48 2,32 1,18 3,80 140,83 3.447 50% Buy
JSMR IJ Equity 2.640 (5,71) (48,99) 1,06 9,91 2,95 2,28 11,28 157,26 5.440 106% Buy
PGAS IJ Equity 765 (4,97) (64,75) 0,46 17,46 1,19 0,88 2,63 85,04 1.106 45% Buy
TBIG IJ Equity 1.090 5,31 (11,38) 4,72 28,07 5,72 2,73 19,59 415,69 1.137 4% Hold
TLKM IJ Equity 3.070 (1,60) (22,67) 3,05 15,01 4,63 9,65 21,31 37,58 4.277 39% Buy
TOWR IJ Equity 885 (0,56) 9,94 5,09 19,10 8,35 9,25 27,95 173,14 959 8% Buy
Industry Average in LQ45 2,61 36,67 4,19 4,33 14,43 168,26
Total of Industry Average 1,76 26,94 8,97 (1,87) (1,42) 128,40
Source: Bloomber LP
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OSODaily 22 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR MINING
ADRO IJ Equity 930 (5,58) (40,19) 0,51 4,68 1,88 5,66 10,95 48,89 1.352 45% Buy
AKRA IJ Equity 1.775 (4,83) (55,06) 0,85 9,95 5,00 3,45 8,54 45,79 3.510 98% Buy
ANTM IJ Equity 482 (3,60) (42,62) 0,64 59,78 5,61 0,62 1,06 47,19 824 71% Buy
INCO IJ Equity 2.430 (3,19) (33,24) 0,79 26,62 7,04 2,59 3,00 0,06 3.225 33% Buy
ITMG IJ Equity 7.150 (4,67) (37,69) 0,56 3,86 2,14 9,76 13,90 1,20 11.843 66% Buy
PTBA IJ Equity 1.825 (5,68) (31,39) 1,12 4,90 3,41 16,14 23,67 3,42 2.502 37% Buy
Industry Average in LQ45 0,75 18,30 4,18 6,37 10,19 24,43
Total of Industry Average 1,11 15,74 6,27 (0,11) (3,69) 100,25
SECTOR MISC INDUSTRY
ASII IJ Equity 3.640 (2,15) (47,44) 1,00 6,79 3,72 6,23 15,24 49,42 5.714 57% Buy
SRIL IJ Equity 157 (1,88) (39,62) 0,34 2,31 0,91 6,00 15,81 144,29 Neutral #VALUE! #VALUE!
Industry Average in LQ45 0,67 4,55 2,31 6,11 15,53 96,85
Total of Industry Average 1,09 37,94 5,26 2,13 19,09 96,92
SECTOR PROPERTY
BSDE IJ Equity 695 (6,71) (44,62) 0,45 4,73 4,57 5,24 10,10 39,96 1.274 83% Buy
CTRA IJ Equity 550 (5,98) (47,12) 0,66 8,84 4,08 3,29 7,79 51,66 1.048 91% Buy
PTPP IJ Equity 645 (5,84) (59,31) 0,30 4,31 1,28 1,67 7,10 94,11 1.506 133% Buy
PWON IJ Equity 378 (5,50) (33,68) 1,26 6,25 5,15 11,59 22,21 36,44 619 64% Buy
WIKA IJ Equity 945 (6,44) (52,51) 0,51 3,71 2,66 3,77 14,60 78,48 1.711 81% Buy
WSKT IJ Equity 575 (4,96) (61,28) 0,44 8,32 1,64 0,76 5,23 237,92 1.114 94% Buy
Industry Average in LQ45 0,60 6,03 3,23 4,38 11,17 89,76
Total of Industry Average 1,92 9,50 14,54 3,34 6,92 42,89
Source: Bloomber LP
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OSODaily 22 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR TRADE
ERAA IJ Equity 1.190 (2,86) (33,70) 0,79 12,84 4,28 2,63 6,20 54,32 1.173 -1% Sell
LPPF IJ Equity 1.395 (7,00) (66,86) 2,13 2,87 1,83 27,70 76,74 - 2.398 72% Buy
MNCN IJ Equity 950 (6,86) (41,72) 1,06 5,33 3,23 13,22 21,24 42,22 1.508 59% Buy
SCMA IJ Equity 780 (6,59) (44,68) 2,20 9,34 6,34 19,59 26,60 0,33 1.291 66% Buy
UNTR IJ Equity 16.400 (5,20) (23,81) 1,05 5,41 2,43 9,92 20,20 22,89 21.560 31% Buy
Industry Average in LQ45 1,45 7,16 3,62 14,61 30,20 23,95
Total of Industry Average 1,92 19,01 50,19 0,83 1,18 63,28
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 25.800 (1,98) (22,81) 3,65 22,27 86,78 1,30 6,57 6,38 30.821 19% Buy
BBRI IJ Equity 2.720 (2,16) (38,18) 1,61 9,68 89,64 2,62 6,78 66,52 4.100 51% Buy
BBNI IJ Equity 4.030 (1,71) (48,66) 0,61 4,88 93,76 2,30 5,03 59,54 6.794 69% Buy
BBTN IJ Equity 880 (3,83) (58,49) 0,39 45,19 113,51 4,78 3,15 225,31 1.730 97% Buy
BMRI IJ Equity 4.350 (0,46) (43,32) 0,99 7,39 100,37 2,33 5,30 50,07 7.207 66% Buy
BTPS IJ Equity 2.050 (6,82) (51,76) 2,93 11,28 479,42 1,37 39,48 140,00 3.614 76% Buy
Industry Average in LQ45 1,45 17,88 96,81 2,67 5,37 81,56
Total of Industry Average 43,20 29,09 113,61 3,37 7,48 78,41
Source: Bloomber LP
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TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend Bollinger
Band Pivot Point Support Resistance
Stop Loss Level
Recommendation
Lower Middle Upper 1 2 1 2
ACES IJ Equity 1.280 (14,4) Positif Trading Positif 1.075 1.230 1.385 1.270 1.245 1.210 1.305 1.330 1.190 Speculative Buy
ADRO IJ Equity 930 (40,2) Positif Trading Positif 645 950 1.255 995 955 935 1.015 1.055 920 Speculative Buy
AKRA IJ Equity 1.775 (55,1) Positif Trading Positif 1.520 1.890 2.255 1.870 1.775 1.715 1.930 2.025 1.690 Speculative Buy
ANTM IJ Equity 482 (42,6) Negatif Trading Positif 321 456 590 510 488 471 530 555 463 Hold
ASII IJ Equity 3.640 (47,4) Negatif Oversold Positif 3.440 3.880 4.320 3.705 3.630 3.545 3.790 3.865 3.490 Speculative Buy
BBCA IJ Equity 25.800 (22,8) Positif Trading Positif 22.500 26.450 30.375 26.700 25.775 25.025 27.450 28.375 24.625 Speculative Buy
BBNI IJ Equity 4.030 (48,7) Negatif Trading Positif 3.280 3.920 4.560 4.045 3.990 3.895 4.140 4.195 3.835 Hold
BBRI IJ Equity 2.720 (38,2) Positif Oversold Positif 2.530 2.910 3.285 2.710 2.650 2.520 2.840 2.900 2.480 Buy
BBTN IJ Equity 880 (58,5) Positif Oversold Positif 750 930 1.110 920 885 860 945 980 845 Buy
BMRI IJ Equity 4.350 (43,3) Positif Oversold Positif 3.965 4.710 5.450 4.325 4.250 4.075 4.500 4.575 4.015 Buy
BRPT IJ Equity 1.015 (32,8) Negatif OverBought Positif 338 745 1.150 990 975 935 1.030 1.045 920 Sell
BSDE IJ Equity 695 (44,6) Negatif Trading Positif 560 735 910 795 745 735 805 855 725 Hold
BTPS IJ Equity 2.050 (51,8) Positif Trading Positif 1.765 2.410 3.055 2.235 2.130 2.115 2.250 2.355 2.085 Speculative Buy
CPIN IJ Equity 3.940 (39,4) Positif Trading Positif 3.870 4.530 5.200 4.235 4.040 3.945 4.330 4.525 3.885 Speculative Buy
CTRA IJ Equity 550 (47,1) Negatif Trading Positif 388 530 675 590 555 515 630 665 510 Hold
ERAA IJ Equity 1.190 (33,7) Negatif Trading Positif 775 1.015 1.250 1.165 1.090 1.015 1.240 1.315 1.000 Hold
EXCL IJ Equity 2.300 (27,0) Negatif Trading Positif 1.280 1.910 2.540 2.225 2.195 2.085 2.335 2.365 2.050 Hold
GGRM IJ Equity 43.200 (18,5) Negatif Trading Positif 32.450 42.625 52.800 45.675 43.750 42.375 47.050 48.975 41.750 Hold
HMSP IJ Equity 1.570 (25,2) Negatif Trading Positif 1.125 1.475 1.825 1.570 1.540 1.520 1.590 1.620 1.495 Hold
ICBP IJ Equity 9.975 (10,5) Negatif Trading Positif 8.475 9.700 10.925 10.050 9.950 9.775 10.225 10.325 9.625 Hold
INCO IJ Equity 2.430 (33,2) Negatif Trading Positif 1.310 2.020 2.735 2.400 2.360 2.250 2.510 2.550 2.215 Hold
INDF IJ Equity 6.275 (20,8) Negatif Trading Positif 5.300 6.225 7.125 6.275 6.175 5.925 6.525 6.625 5.850 Hold
INKP IJ Equity 4.990 (35,2) Negatif Trading Positif 2.885 4.300 5.725 5.075 4.910 4.810 5.175 5.350 4.740 Hold
source: Bloomberg Lp
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OSODaily 22 April 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 10.700 (43,8) Positif Trading Positif 9.375 11.525 13.675 11.075 10.625 10.300 11.400 11.850 10.150 Speculative Buy
ITMG IJ Equity 7.150 (37,7) Positif Trading Positif 6.125 7.550 9.000 7.625 7.350 7.250 7.725 8.000 7.125 Speculative Buy
JPFA IJ Equity 865 (43,6) Negatif Trading Positif 805 930 1.055 915 875 850 940 980 835 Hold
JSMR IJ Equity 2.640 (49,0) Positif Trading Positif 2.225 2.800 3.375 2.840 2.710 2.690 2.860 2.990 2.650 Speculative Buy
KLBF IJ Equity 1.210 (25,3) Negatif Trading Positif 850 1.100 1.345 1.185 1.165 1.110 1.240 1.260 1.095 Hold
LPPF IJ Equity 1.395 (66,9) Positif Oversold Positif 1.010 1.370 1.735 1.430 1.195 1.065 1.560 1.795 1.050 Buy
MNCN IJ Equity 950 (41,7) Negatif Trading Positif 745 950 1.160 1.045 990 980 1.055 1.110 965 Hold
PGAS IJ Equity 765 (64,7) Positif Trading Positif 620 785 950 810 780 770 820 850 755 Speculative Buy
PTBA IJ Equity 1.825 (31,4) Positif Trading Positif 1.555 1.935 2.310 1.925 1.855 1.830 1.950 2.020 1.800 Speculative Buy
PTPP IJ Equity 645 (59,3) Negatif Trading Positif 436 620 805 700 650 640 710 760 630 Hold
PWON IJ Equity 378 (33,7) Negatif Trading Positif 254 345 437 399 380 381 398 417 375 Hold
SCMA IJ Equity 780 (44,7) Negatif Trading Positif 650 765 885 815 795 780 830 850 770 Hold
SMGR IJ Equity 5.900 (50,8) Positif Oversold Positif 5.925 7.300 8.675 6.700 6.275 6.225 6.750 7.175 6.125 Buy
SRIL IJ Equity 157 (39,6) Negatif Trading Positif 118 148 177 160 157 153 164 167 151 Hold
TBIG IJ Equity 1.090 (11,4) Negatif Trading Positif 755 890 1.025 1.030 1.015 950 1.095 1.110 935 Hold
TKIM IJ Equity 4.900 (52,3) Negatif Trading Positif 3.550 4.610 5.675 5.000 4.850 4.770 5.075 5.225 4.695 Hold
TLKM IJ Equity 3.070 (22,7) Negatif Trading Positif 2.625 3.035 3.440 3.075 3.035 2.965 3.145 3.185 2.920 Hold
TOWR IJ Equity 885 9,9 Negatif OverBought Positif 565 680 790 830 830 795 865 865 780 Sell
UNTR IJ Equity 16.400 (23,8) Positif Trading Positif 12.400 15.925 19.450 17.100 16.450 15.875 17.675 18.325 15.625 Speculative Buy
UNVR IJ Equity 6.925 (17,6) Positif Trading Positif 5.625 6.750 7.850 6.875 6.775 6.500 7.150 7.250 6.400 Speculative Buy
WIKA IJ Equity 945 (52,5) Positif Trading Positif 660 955 1.245 1.065 1.000 1.000 1.065 1.130 985 Speculative Buy
WSKT IJ Equity 575 (61,3) Negatif Trading Positif 371 535 700 605 575 565 615 645 555 Hold
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
20-Apr-20 Japan, Balance of Trade MAR JPY ¥4.9B ¥1108.8B
Japan, Exports YoY MAR JPY -11.7% -1% -10.1%
Japan, Imports YoY MAR JPY -5% -13.9%
China, Loan Prime Rate 1Y CNY 3.85% 4.05% 3.85%
China, Loan Prime Rate 5Y APR CNY 4.65% 4.75% 4.70%
US Chicago Fed National Activity Index MAR USD -4.19 0.16
21-Apr-20 GB Claimant Count Change MAR GBR 12.2K 17.3K 300K
GB Employment Change JAN GBR 172K 184K 102K
GB Unemployment Rate FEB GBR 4% 3.9% 3.9%
US Existing Home Sales MoM MAR USD -8.5% 6.5% -8.1%
US Existing Home Sales MAR USD 5.27M 5.77M 5.3M
US API Crude Oil Stock Change 17/APR USD 13.143M
22-Apr-20 GB Inflation Rate YoY MAR GBR 1.7% 1.5%
GB Inflation Rate MoM MAR GBR 0.4% 0%
GB PPI Output YoY MAR GBR 0.4% -0.1%
GB PPI Input YoY MAR GBR 2.1% -3.9%
US House Price Index MoM FEB USD 0.3%
US EIA Crude Oil Stocks Change 17/APR USD 19.248M
US EIA Gasoline Stocks Change 17/APR USD 4.914M
Source: Bloomberg Lp
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CORPORATE ACTION
Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
SIDO Cash Dividen 17-Apr-20 20-Apr-20 21-Apr-20 05-Mei-20 49
MFMI Cash Dividen 17-Apr-20 20-Apr-20 21-Apr-20 05-Mei-20 132
BNGA Cash Dividen 20-Apr-20 21-Apr-20 22-Apr-20 08-Mei-20 55
BBCA Cash Dividen 20-Apr-20 21-Apr-20 22-Apr-20 11-Mei-20 455
PTRO Cash Dividen 21-Apr-20 22-Apr-20 23-Apr-20 15-Mei-20 US$ 0.0069
DMAS Cash Dividen 21-Apr-20 22-Apr-20 23-Apr-20 12-Mei-20 21
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Bhakti aMulti' Artha Tbk Jasa Utama Capital Sekuritas 02 - 08 April 2020 15-Apr-20 100 103
Bumi Benowo Sukses Sejahtera Tbk Mirae Asset Sekuritas 02 - 07 April 2020 15-Apr-20 160 120
Right Issue
Code OS NS Price (IDR) Cum Date Ex Date Trading Period
TNCA 2 : 3 344 08-Jan-20 09-Jan-20 14 - 20 Januari 2020
FAST 100 : 7 1.25 18-Jun-20 19-Jun-20 24 - 30 Juni 2020
Source: KSEI and OSO Research Team
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OSODaily 22 April 2020
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