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OSODaily 16 Desember 2019
ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX
6.197,32 57,92
0,94% Previous 6.139,40 Lowest
6.167,64
Highest 6.197,32 Val IDR bn
8.372 Volbn 9.442 Mkt Cap IDRtr
7.069,61
Net Forg 1DIDRbn 166,15 Net ForgYTDIDRbn
40.702,65 Return YTD (%) 0,05 Month to date (%)
3,09
Indices
Last Chg% YTD% Americas
Dow Jones United States 28.135,38 0,01 20,61 S&P 500 United States 3.168,80 0,01 26,41 Nasdaq United States 8.734,88 0,20 31,64 EIDO United States 25,07 (0,12) 1,01 EMEA
FTSE 100 United Kingdom 7.353,44 1,10 9,29
CAC 40 France 5.919,02 0,59 25,12 D DAX Germany 13.282,72 0,46 25,80
Asia Pacific Nikkei Japan 23.424,81 2,55 20,03 Shanghai China 2.915,70 1,78 19,00 TWSE Taiwan 11.836,42 0,77 22,62 KOSPI Korea 2.137,35 1,54 6,33 KLSE Malaysia 1.567,34 0,24 (7,06) ST – Times Singapore 3.194,67 0,61 4,73 Sensex India 40.581,71 1,05 13,69 Hangseng Hongkong 26.994,14 2,57 7,13
Sectoral Previous Last Chg% YTD% AGRICULTURE 1.414,66 1.424,86 0,72 (8,92) MINING 1.502,05 1.528,81 1,78 (13,94) MISC INDUSTRY 1.172,07 1.215,03 3,66 (12,87) BASIC INDUSTRY 960,18 976,38 1,69 14,23 CONSUMER GOODS 2.014,45 2.023,67 0,46 (21,24) PROPERTY 508,32 506,32 (0,39) 13,08 INFRASTRUKTUR 1.107,76 1.122,44 1,33 5,46 FINANCE 1.303,11 1.313,75 0,82 11,74 MANUFAKTURE 1.428,26 1.447,79 1,37 (10,53) TRADE 767,40 768,11 0,09 (2,01) LQ 45 982,23 997,65 1,57 1,52
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 59,18 60,07 1,50 31,82 Gold (USD tr.oz) 1.469,81 1.448,35 (1,46) 14,88 Nickel (USD/mtrc ton) 14.100,00 14.170,00 0,50 32,55 Tin (USD/mtrc ton) 17.250,00 17.225,00 (0,14) (11,55) Copper (USD/mtrc ton) 6.156,00 6.130,00 (0,42) 2,77 CPO (MYR/ton) 2.865,00 2.824,00 (1,43) 40,92 Coal (USD/ton) 67,25 67,25 - (34,39)
Currencies
Last Chg% YTD% IDR / USD
13.990,00 0,34 2,86
IDR / AUD
9.684,86 (1,08) 4,96 IDR / EUR
15.637,90 (0,50) 5,17
IDR /SGD
10.351,58 (0,27) 1,97 IDR / JPY
127,76 1,08 2,25
IDR / GBP
18.752,08 (1,65) (2,31) Global Macro Economics CB Rate CPI YoY GDP YoY United States 1,75 2,10 2,10 Euro Area 0,00 1,00 1,20 United Kingdom 0,75 1,50 1,00 Japan 0,10 0,20 1,70 China 4,35 4,50 6,00 Domestic macro Economics Lastest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 6,57 0,43 (16,93) GovBonds (10y) 7,23 0,24 (9,91)
Inflasi YoY 3,00
Inflasi MoM 0,14 Bi rate 5,00 GDP Growth YoY (%) 5,02
Foreign Reserve (Bn) 126,63 Government Bonds Yield% Wow% Ytd% 7 Year 7,23 6,98 6,98 15 Year 7,71 7,71 7,71 20 Year 7,60 7,60 7,60 30 Year 7,82 7,82 7,82
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan akhir pekan kemarin (13/12) IHSG berhasil ditutup menguat sebesar 0.94% ke level 6,197.32. Sembilan dari sepuluh indeks sektoral ditutup dalam teritori positif, dimana sektor aneka industri dan pertambangan memimpin penguatan masing-masing sebesar 3.66% dan 1.78%. Adapun saham yang menjadi penggerak indeks diantaranya ; ASII, MEGA, CPIN, TLKM, ADRO. Pelaku pasar asing membukukan aksi beli bersih (Netbuy) senilai Rp 513 miliar. Nilai tukar rupiah terapresiasi sebesar 0.34% ke level 13.990. Global Review Pada perdagangan Jum'at (13/12) bursa saham Wall Street kompak menghijau, dimana Nasdaq memimpin penguatan sebesar 0.20%, sedangkan Dow Jones dan S&P masing-masing hanya menguat tipis 0.01%. Pergerakan dua indeks utama Wall Street pada akhir pekan lalu cenderung mixed, hal ini dikarenakan pelaku pasar masih menantikan keputusan kesepakatan dagang AS-China serta penundaan tarif barang impor dari masing-masing negara yang sebelumnya dijadwalkan berlaku pada 15 Desember tepatnya di hari Minggu. JCI Prediction IHSG ditutup menguat sebesar 0.9% ke level 6.197. IHSG ditutup bullish candle. Adapun indikator Stochastic netral dan MACD Histogram bergerak positif dengan Volume turun. Kami perkirakan IHSG berpeluang menguat dengan pergerakan di kisaran 6.167 - 6.247. Major Economic Release
Industrial Production Japan bulan Oktober
turun sebesar 7.7% dibandingkan
sebelumnya naik sebesar 1.3% (YoY).
Retail Sales United States bulan November
tumbuh tipis sebesar 3.3% dibandingkan
sebelumnya sebesar 3.2% (YoY).
Impor Prices United States turun sebesar
1.3% dibandingkan sebelumnya sebesar 3%
(YoY).
Ekspor Prices United States turun sebesar
1.3% dibandingkan sebelumnya sebesar
2.2% (YoY).
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OSODaily 16 Desember 2019
TODAY TOP STOCK TRADED (LQ45) Top Gainers Last Chg% YTD% MC (T) Beta
ADRO IJ Equity
1.590 7,80 30,86 50,86 1,52
MNCN IJ Equity
1.590 7,07 130,43 22,70 1,06
MEDC IJ Equity
870 4,82 27,01 15,52 1,78
INKP IJ Equity
7.875 4,65 (31,82) 43,08 2,50
ASII IJ Equity
6.850 4,58 (16,72) 277,31 1,27
Top Losers Last Chg% YTD% MC (T) Beta
BSDE IJ Equity
1.255 (0,79) - 24,15 1,62
EXCL IJ Equity
3.240 (0,61) 63,64 34,63 1,21
LPPF IJ Equity
3.700 (0,27) (33,93) 10,38 0,51
PWON IJ Equity
570 - (8,06) 27,45 1,37
BBCA IJ Equity
31.800 0,32 22,31 784,03 0,96
Top Volume Last Volume (Mn) YTD% MC (T) Beta
BBRI IJ Equity
4.280 167,6 16,9 527,92 1,63
ADRO IJ Equity
1.590 129,1 30,9 50,86 1,52
MEDC IJ Equity
870 96,5 27,0 15,52 1,78
TLKM IJ Equity
3.990 81,9 7,9 395,26 0,81
BRPT IJ Equity
1.420 75,9 197,1 126,40 1,25
Top Value Last Value (Bn) YTD% MC (T) Beta
TLKM IJ Equity
3.990 589,0 7,9 395,26 0,81
BBRI IJ Equity
4.280 537,4 16,9 527,92 1,63
BBCA IJ Equity
31.800 503,7 22,3 784,03 0,96
BMRI IJ Equity
7.375 294,0 - 344,17 1,59
BBNI IJ Equity
7.650 194,6 (13,1) 142,66 1,61
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific
IHSG
Indonesia 6.197 19,49 2,07 6.100
Nikkei
Japanese 24.023 19,12 1,83 24.987
Shanghai
China 2.968 14,19 1,45 3.315
TWSE
Taiwan 11.928 19,34 1,78 12.229
KOSPI
Korea 2.170 16,87 0,85 2.583
KLSE
Malaysia 1.571 18,09 1,58 1.700
ST - Times
Singapore 3.214 12,17 1,08 3.526
Sensex
India 41.048 29,27 2,96 45.504
Hangseng
Hongkong 27.688 10,79 1,20 31.924
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
ASII IJ Equity
6850 4,58 (16,72) 277 1,29
MEGA IJ Equity
6750 17,39 37,76 47 (0,30)
CPIN IJ Equity
6800 4,21 (5,88) 112 1,56
TLKM IJ Equity
3990 1,01 7,91 395 0,80
ADRO IJ Equity
1590 7,80 30,86 51 1,51
Laggard
Latest Chg% YTD% MC (T) Beta
EMTK IJ Equity
6000 (6,25) (28,57) 34 (0,04)
MPRO IJ Equity
1900 (9,09) 146,75 19 (1,56)
BYAN IJ Equity
14500 (2,03) (27,04) 48 (0,01)
BNLI IJ Equity
1275 (2,67) 104,00 36 0,82
KAEF IJ Equity
1065 (10,88) (59,04) 6 0,99
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1.356,72 (0,11) (10,11)
Oso Syariah Equity Fund
636,26 (21,72) 30,36
Source: Bloomberg LP & OSO Research Team
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OSODaily 16 Desember 2019
COMPARATION OF JCI PERFORMANCE (SEAG)
SEA
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MACRO ECONOMIC & INDUSTRY NEWS Federal Reserve melaporkan ekonomi Amerika Serikat berkembang moderat dari Oktober hingga pertengahan
November 2019 dan prospek pertumbuhan umumnya positif, sementara pasar tenaga kerja tetap ketat di seluruh
AS.
Sektor manufaktur Amerika Serikat (AS) mengalami kontraksi selama empat bulan berturut-turut. Volume pesanan
baru pada November 2019 turun ke level terendah sejak 2012. Institute for Supply Management (ISM)
menyebutkan, indeks aktivitas pabrik AS turun menjadi 48,1 di November tahun ini, dari posisi 48,3 di bulan
sebelumnya.
CORPORATES NEWS PT Darmi Bersaudara Tbk (KAYU) menunjukkan kinerja yang prima di sembilan bulan pertama tahun 2019. Menilik
laporan keuangan perseroan di kuartal III 2019, KAYU mencatatkan pertumbuhan penjualan bersih sekitar 7,26%
secara tahunan (year-on-year/yoy) menjadi Rp 27,50 miliar. Sebelumnya, penjualan bersih perseroan hanya
mencapai Rp 25,56 miliar di periode yang sama tahun lalu.
Anak usaha PT ABM Investama Tbk (ABMM) yaitu PT Cipta Kridatama (CK) mengantongi kontrak jasa
penambangan dari PT Binuang Mitra Bersama Blok Dua (BMB). Nilai kontrak tersebut sebesar kurang lebih US$
590,45 juta untuk area tambang seluas 2.280 hektare (ha) yang terletak di Kecamatan Bungur dan Kecamatan
Salam Babaris, Kabupaten Tapin Kalimantan Selatan.
PT Bank Mandiri Tbk (BMRI) mengucurkan pinjaman senilai US$ 223,5 juta kepada PT Dian Swastika Sentosa Tbk
(DSSA). Penandatanganan fasilitas pinjaman ini dilakukan kedua pihak pada Senin (9/12). Perseroan bakal
menggunakan fasilitas pinjaman ini guna ekspansi usaha, termasuk kepada entitas anak.
PT ABM Investama Tbk (ABMM) mendapatkan kontrak kerjasama dengan PT Binuang Mitra Bersama Blok Dua
(BMB) pada kuartal IV/2019 bernilai Rp8 triliun. ABMM itu menandatangani kontrak kerja sama lewat anak
usahanya PT Cipta Kridatama (CK) pada 5 Desember 2019.
Nilai ekspor PT Japfa Comfeed Indonesia Tbk (JPFA) sepanjang 2019 mampu menembus Rp500 miliar. Perseroan
mengatakan berbagai produk Japfa sudah diterima di pasar mancanegara, mulai dari produk perunggasan hingga
produk budidaya ikan air tawar/aquaculture.
PT Phapros Tbk (PEHA) terus mengembangkan ekspansi ke bisnis rumah sakit. Anak usaha PT Kimia Farma Tbk
(KAEF) ini berencana untuk menambah porsi kepemilikan saham di Rumah Sakit Permata Cirebon.
PT Satria Antaran Prima Tbk (SAPX) berencana menambah 54 cabang baru. Penambahan cabang itu diperkirakan
menelan biaya sebesar Rp 9 miliar.
PT Krakatau Steel (Persero) Tbk (KRAS) membuka kemungkinan untuk melibatkan PT Perusahaan Pengelola Aset
(Persero) dalam proses restrukturisasi. Perseroan mengatakan pada pertemuan, perseroan berdiskusi dengan
Wakil Menteri BUMN I Budi Gunadi Sadikin dan Staf Khusus Menteri BUMN Muhammad Ikhsan.
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 : Golden Cross Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 6.775 – 6.850 Target Price : 6.975 – 7.050 Support : 6.750 – 6.775 Cutloss : 6.725
DAILY TECHNICAL
Raup Rp 18 T dari Permata, Astra Buat Strategi Baru di Sektor Keuangan PT Astra International Tbk (ASII) telah sepakat melepas seluruh kepemilikan sahamnya di PT Bank Permata Tbk (BNLI) kepada Bangkok Bank. Pasca melepas Bank Permata, Astra menyatakan akan memperkuat bisnis lainnya di sektor jasa keuangan. Strateginya pihak perseroan akan memperkuat financial retail. Dari penjualan Bank Permata Astra diketahui mendapatkan dana segar sebesar Rp 18,7 triliun.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 6.975. Apabila break 6.975 next harga ke level 7.050. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 6.725 jika sudah melewati support 6.750 – 6.775.
|ASII|PE : 13.10x | PBV : 1.53x | ROE: 11.70% | NPM : 8.96% | DER : 0.98x | Fair Value : -|
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Turun Tipis
Recommendation : Trading Buy Entry Buy : 7.625 – 7.700 Target Price : 7.800 – 7.875 Support : 7.525 – 7.575 Cutloss : 7.500
DAILY TECHNICAL
BUY |BBNI|PE : 8.94x | PBV : 1.18x | ROE: 13.16% | NPM : 22.69% | DER : 5.72x | Fair Value : -|
Sejumlah Bank Besar Targetkan Kredit Konsumer Tumbuh Dua Digit Tahun 2020 Jelang tahun 2020, sejumlah bank besar membidik kenaikan pendapatan dua digit. Untuk mencapai hal tersebut, beberapa strategi dan inovasi telah disiapkan. Beberapa bank besar yang telah menyiapkan strategi adalah Bank Negara Indonesia (BNI), Bank CIMB Niaga, serta Bank Mandiri. Bank BNI menargetkan pertumbuhan kredit konsumer tumbuh dua digit di tahun depan, sama seperti perkiraan pertumbuhan hingga akhir tahun ini. Target pertumbuhan tersebut nantinya akan turut ditopang oleh program promosi dari Bank BNI kepada nasabah.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 7.800. Apabila break 7.800 next harga ke level 7.875. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 7.500 jika sudah melewati support 7.525 – 7.575.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Buy On Break Entry Buy : 5.175 – 5.225 Target Price : 5.300 – 5.400 Support : 5.100 – 5.150 Cutloss : 5.075
DAILY TECHNICAL
BUY |JSMR|PE : 18.93x | PBV : 1.70x | ROE: 8.99% | NPM : 7.10% | DER : 3.23x | Fair Value : - |
Jasa Marga Akan Lengkapi Tol Layang Japek dengan Kantong Parkir PT Jasa Marga (Persero) Tbk melalui anak usahanya, PT Jasa Marga Jalan Layang Cikampek (JJLC) berencana melengkapi Jalan Tol Layang Jakarta-Cikampek (Japek) II dengan empat parking bay atau kantong parkir di tol layang sepanjang 38 kilometer itu guna meningkatkan pelayanan kepada masyarakat.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 5.300. Apabila break 5.300 next harga ke level 5.400. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 5.075 jika sudah melewati support 5.100 – 5.150.
NOTE:
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Sector Rotation
Mingguan
Bulanan
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OSODaily 16 Desember 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 1.420 0,71 197,07 7,63 171,93 13,52 0,60 3,53 98,23 640 -55% Sell
CPIN IJ Equity 6.800 4,21 (5,88) 5,57 30,64 19,02 13,14 19,08 22,95 5.708 -16% Sell
INKP IJ Equity 7.875 4,65 (31,82) 0,78 9,94 3,31 3,57 8,09 113,83 11.300 43% Buy
INTP IJ Equity 20.000 2,56 8,40 3,29 43,21 24,84 6,43 7,58 0,50 20.680 3% Hold
JPFA IJ Equity 1.575 0,96 (26,74) 1,84 11,95 4,84 6,39 16,10 59,63 1.950 24% Buy
SMGR IJ Equity 12.300 2,50 6,96 2,34 31,92 9,37 3,48 7,46 30,13 14.710 20% Buy
TKIM IJ Equity 11.300 0,44 1,80 1,83 16,75 19,71 5,01 11,50 120,71 13.000 15% Buy
TPIA IJ Equity 9.900 0,51 67,09 7,13 126,41 42,35 3,21 5,68 34,35 4.733 -52% Sell
Industry Average in LQ45 3,80 55,34 17,12 5,23 9,88 60,04
Total of Industry Average 1,67 25,70 9,28 1,68 (11,93) 101,04
SECTOR CONSUMER GOODS
GGRM IJ Equity 52.025 0,34 (37,79) 2,11 10,79 6,49 13,37 20,54 38,38 60.799 17% Buy
HMSP IJ Equity 2.060 0,49 (44,47) 7,50 17,09 12,95 28,65 44,36 0,33 2.317 12% Buy
ICBP IJ Equity 11.450 0,66 9,57 5,57 26,81 15,66 13,90 22,21 9,06 12.872 12% Buy
INDF IJ Equity 7.750 1,64 4,03 1,87 13,94 5,44 5,05 14,20 59,18 9.099 17% Buy
KLBF IJ Equity 1.600 1,91 5,26 4,89 29,21 19,22 13,84 17,56 2,34 1.739 9% Buy
UNVR IJ Equity 41.225 0,55 (9,20) 45,67 43,00 28,13 35,85 92,26 20,26 45.803 11% Buy
Industry Average in LQ45 11,27 23,48 14,65 18,44 35,19 21,59
Total of Industry Average 4,60 24,58 11,37 9,40 4,66 54,55
SECTOR INFRASTRUCTURE
EXCL IJ Equity 3.240 (0,61) 63,64 1,83 130,48 3,44 (4,39) (13,14) 125,77 4.047 25% Buy
JSMR IJ Equity 5.225 2,96 22,08 2,09 19,61 5,84 2,28 11,28 157,26 6.616 27% Buy
PGAS IJ Equity 2.130 0,95 0,47 1,42 17,11 2,98 3,09 7,33 109,43 2.495 17% Buy
TLKM IJ Equity 3.990 1,01 7,91 3,97 19,51 6,01 9,65 21,31 37,58 4.749 19% Buy
Industry Average in LQ45 2,33 46,68 4,57 2,66 6,69 107,51
Total of Industry Average 2,40 30,37 10,78 (2,97) (2,40) 131,60
Source: Bloomber LP
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OSODaily 16 Desember 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 1.590 7,80 30,86 0,94 7,12 3,21 7,10 13,60 32,95 1.480 -7% Sell
AKRA IJ Equity 3.840 1,86 (10,49) 1,88 21,33 11,77 4,57 11,23 42,61 4.647 21% Buy
ANTM IJ Equity 850 1,80 11,11 1,02 25,39 8,89 2,46 4,12 50,26 1.179 39% Buy
INCO IJ Equity 3.490 3,87 7,06 1,32 430,57 20,02 0,25 0,29 1,94 4.053 16% Buy
INDY IJ Equity 1.160 0,43 (26,81) 0,48 #N/A N/A 1,07 (1,10) (4,29) 129,53 2.000 72% Buy
ITMG IJ Equity 11.050 2,79 (45,43) 0,95 5,30 2,91 11,77 17,06 - 13.459 22% Buy
MEDC IJ Equity 870 4,82 27,01 0,88 9,06 1,71 (1,14) (5,07) 202,38 1.003 15% Buy
PTBA IJ Equity 2.580 4,45 (40,00) 1,67 6,56 4,63 17,59 26,36 5,12 2.725 6% Hold
Industry Average in LQ45 1,14 72,19 6,77 5,19 7,91 58,10
Total of Industry Average 1,66 39,16 10,01 2,58 0,14 95,02
SECTOR MISC INDUSTRY
ASII IJ Equity 6.850 4,58 (16,72) 1,94 13,54 7,12 5,92 14,87 49,27 7.720 13% Buy
SRIL IJ Equity 262 0,77 (26,82) 0,66 4,39 1,73 6,22 15,93 139,64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1,30 8,97 4,43 6,07 15,40 94,46
Total of Industry Average 2,30 508,51 5,64 2,54 19,98 94,41
SECTOR PROPERTY
BSDE IJ Equity 1.255 (0,79) - 0,83 7,93 8,47 5,69 11,03 46,06 1.652 32% Buy
CTRA IJ Equity 1.060 0,95 4,95 1,34 19,44 8,30 2,94 7,16 50,80 1.344 27% Buy
PTPP IJ Equity 1.650 0,92 (8,59) 0,79 8,75 3,71 2,27 9,37 74,03 2.234 35% Buy
PWON IJ Equity 570 - (8,06) 1,90 9,42 7,77 11,59 22,21 36,44 730 28% Buy
WIKA IJ Equity 2.050 1,99 23,87 1,16 8,26 4,37 3,72 15,29 78,93 2.757 35% Buy
WSKT IJ Equity 1.445 1,40 (13,99) 1,08 14,15 3,89 1,04 7,79 224,10 2.035 41% Buy
Industry Average in LQ45 1,19 11,33 6,08 4,54 12,14 85,06
Total of Industry Average 3,13 14,42 11,52 3,63 7,53 45,96
Source: Bloomber LP
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OSODaily 16 Desember 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 1.625 2,52 (26,14) 1,10 14,58 5,48 3,42 8,28 88,81 1.929 19% Buy
LPPF IJ Equity 3.700 (0,27) (33,93) 5,79 13,31 6,72 16,19 37,82 - 3.871 5% Hold
MNCN IJ Equity 1.590 7,07 130,43 1,78 8,93 5,40 13,22 21,24 42,22 1.676 5% Hold
SCMA IJ Equity 1.445 3,21 (22,73) 4,08 17,30 11,75 19,59 26,60 0,33 1.680 16% Buy
UNTR IJ Equity 21.175 3,55 (22,58) 1,41 7,39 3,09 9,42 19,84 17,95 25.610 21% Buy
Industry Average in LQ45 2,83 12,30 6,49 12,37 22,76 29,86
Total of Industry Average 6,78 27,02 65,21 0,74 0,90 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 31.800 0,32 22,31 4,67 27,73 88,15 1,40 6,51 6,30 32.675 3% Hold
BBRI IJ Equity 4.280 0,71 16,94 2,66 15,55 90,10 2,27 7,24 64,57 4.685 9% Buy
BBNI IJ Equity 7.650 1,66 (13,07) 1,20 9,17 92,85 1,90 5,20 82,33 9.022 18% Buy
BBTN IJ Equity 2.170 2,84 (14,57) 0,95 16,77 103,45 2,82 3,54 188,00 2.248 4% Hold
BMRI IJ Equity 7.375 1,03 - 1,75 12,67 100,47 2,75 5,38 56,75 8.610 17% Buy
BTPS IJ Equity 4.100 0,49 128,41 7,90 31,54 454,49 1,39 38,72 149,94 3.978 -3% Sell
Industry Average in LQ45 2,25 16,38 95,00 2,23 5,57 79,59
Total of Industry Average 5,12 34,46 110,09 3,09 7,50 84,38
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
ADRO IJ Equity 1.590 30,9 Negatif OverBought Positif 1.205 1.355 1.505 1.540 1.480 1.405 1.615 1.675 1.385 Sell
AKRA IJ Equity 3.840 (10,5) Positif Trading Positif 3.225 3.580 3.935 3.815 3.775 3.735 3.855 3.895 3.675 Speculative Buy
ANTM IJ Equity 850 11,1 Negatif Trading Positif 755 805 855 845 840 825 860 865 815 Hold
ASII IJ Equity 6.850 (16,7) Positif Trading Positif 6.375 6.575 6.775 6.800 6.675 6.600 6.875 7.000 6.500 Speculative Buy
BBCA IJ Equity 31.800 22,3 Positif Trading Negatif 31.175 31.650 32.125 31.900 31.725 31.550 32.075 32.250 31.075 Hold
BBNI IJ Equity 7.650 (13,1) Negatif Trading Positif 7.375 7.525 7.700 7.650 7.575 7.525 7.700 7.775 7.400 Hold
BBRI IJ Equity 4.280 16,9 Negatif Trading Positif 4.065 4.170 4.270 4.275 4.255 4.225 4.305 4.325 4.160 Hold
BBTN IJ Equity 2.170 (14,6) Positif Trading Negatif 1.965 2.115 2.270 2.155 2.120 2.095 2.180 2.215 2.065 Hold
BMRI IJ Equity 7.375 - Negatif Trading Positif 6.800 7.100 7.400 7.400 7.350 7.300 7.450 7.500 7.175 Hold
BRPT IJ Equity 1.420 197,1 Positif OverBought Positif 1.100 1.310 1.515 1.410 1.400 1.370 1.440 1.450 1.350 Hold
BSDE IJ Equity 1.255 - Negatif Oversold Positif 1.195 1.300 1.405 1.265 1.250 1.230 1.285 1.300 1.210 Speculative Buy
BTPS IJ Equity 4.100 128,4 Negatif Trading Positif 3.750 3.925 4.100 4.045 3.935 3.855 4.125 4.235 3.795 Hold
CPIN IJ Equity 6.800 (5,9) Positif Trading Negatif 6.475 6.875 7.300 6.700 6.575 6.450 6.825 6.950 6.350 Hold
CTRA IJ Equity 1.060 5,0 Negatif Trading Positif 965 1.035 1.100 1.060 1.050 1.025 1.085 1.095 1.010 Hold
ERAA IJ Equity 1.625 (26,1) Negatif Trading Positif 1.365 1.510 1.655 1.620 1.595 1.575 1.640 1.665 1.550 Hold
EXCL IJ Equity 3.240 63,6 Positif Oversold Negatif 3.210 3.410 3.610 3.270 3.230 3.180 3.320 3.360 3.130 Speculative Buy
GGRM IJ Equity 52.025 (37,8) Positif Trading Positif 49.775 52.400 55.025 52.100 51.675 51.325 52.450 52.875 50.550 Speculative Buy
HMSP IJ Equity 2.060 (44,5) Positif Trading Positif 1.905 2.025 2.150 2.070 2.055 2.040 2.085 2.100 2.005 Speculative Buy
ICBP IJ Equity 11.450 9,6 Positif Trading Positif 11.225 11.375 11.525 11.400 11.350 11.275 11.475 11.525 11.100 Speculative Buy
INCO IJ Equity 3.490 7,1 Negatif Trading Positif 2.980 3.200 3.420 3.445 3.380 3.315 3.510 3.575 3.265 Hold
INDF IJ Equity 7.750 4,0 Positif Oversold Negatif 7.750 7.925 8.100 7.750 7.700 7.625 7.825 7.875 7.500 Speculative Buy
INDY IJ Equity 1.160 (26,8) Negatif Trading Positif 1.035 1.185 1.335 1.160 1.140 1.100 1.200 1.220 1.085 Hold
INKP IJ Equity 7.875 (31,8) Positif Trading Positif 6.800 7.525 8.225 7.825 7.625 7.475 7.975 8.175 7.350 Speculative Buy
source: Bloomberg Lp
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OSODaily 16 Desember 2019
TECHNICAL NALYSIS (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 20.000 8,4 Positif Trading Negatif 19.175 19.950 20.750 19.775 19.550 19.275 20.050 20.275 18.975 Hold
ITMG IJ Equity 11.050 (45,4) Negatif Trading Positif 9.525 11.025 12.525 10.950 10.775 10.600 11.125 11.300 10.425 Hold
JPFA IJ Equity 1.575 (26,7) Negatif Trading Negatif 1.560 1.625 1.695 1.570 1.550 1.535 1.585 1.605 1.510 Sell
JSMR IJ Equity 5.225 22,1 Positif Trading Positif 4.735 5.050 5.375 5.175 5.150 5.050 5.275 5.300 4.980 Speculative Buy
KLBF IJ Equity 1.600 5,3 Negatif Trading Positif 1.480 1.540 1.600 1.595 1.590 1.570 1.615 1.620 1.545 Hold
LPPF IJ Equity 3.700 (33,9) Positif Trading Positif 3.445 3.610 3.770 3.715 3.685 3.655 3.745 3.775 3.600 Speculative Buy
MEDC IJ Equity 870 27,0 Negatif OverBought Positif 600 710 820 860 840 820 880 900 805 Sell
MNCN IJ Equity 1.590 130,4 Negatif Trading Positif 1.250 1.390 1.530 1.540 1.480 1.420 1.600 1.660 1.400 Hold
PGAS IJ Equity 2.130 0,5 Positif Trading Positif 1.835 2.025 2.210 2.125 2.100 2.075 2.150 2.175 2.045 Speculative Buy
PTBA IJ Equity 2.580 (40,0) Positif Trading Negatif 2.385 2.505 2.625 2.530 2.480 2.410 2.600 2.650 2.375 Hold
PTPP IJ Equity 1.650 (8,6) Negatif Trading Positif 1.335 1.520 1.705 1.660 1.640 1.615 1.685 1.705 1.590 Hold
PWON IJ Equity 570 (8,1) Negatif Trading Positif 550 575 605 575 565 555 585 595 545 Hold
SCMA IJ Equity 1.445 (22,7) Negatif OverBought Positif 1.120 1.280 1.445 1.420 1.390 1.350 1.460 1.490 1.325 Sell
SMGR IJ Equity 12.300 7,0 Positif Trading Positif 11.400 12.125 12.850 12.225 12.025 11.850 12.400 12.600 11.675 Speculative Buy
SRIL IJ Equity 262 (26,8) Negatif Trading Positif 238 255 271 262 259 258 263 266 254 Hold
TKIM IJ Equity 11.300 1,8 Positif Trading Positif 9.350 11.050 12.775 11.325 11.200 11.000 11.525 11.650 10.850 Speculative Buy
TLKM IJ Equity 3.990 7,9 Positif Trading Positif 3.835 3.990 4.150 3.995 3.965 3.935 4.025 4.055 3.875 Speculative Buy
TPIA IJ Equity 9.900 67,1 Negatif OverBought Positif 8.900 9.475 10.050 9.900 9.850 9.800 9.950 10.000 9.650 Sell
UNTR IJ Equity 21.175 (22,6) Positif Trading Negatif 20.175 21.550 22.925 20.950 20.725 20.450 21.225 21.450 20.150 Hold
UNVR IJ Equity 41.225 (9,2) Positif Oversold Positif 41.125 42.075 43.050 41.275 41.075 40.775 41.575 41.775 40.175 Buy
WIKA IJ Equity 2.050 23,9 Negatif Trading Positif 1.745 1.925 2.110 2.045 2.020 1.995 2.070 2.095 1.965 Hold
WSKT IJ Equity 1.445 (14,0) Negatif Trading Positif 1.210 1.370 1.525 1.445 1.425 1.405 1.465 1.485 1.385 Hold
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
13-Des-19 Japan, Industrial Production YoY Final OCT JPY -7.7% 1.3% -7.4%
Japan, Industrial Production MoM Final OCT JPY -4.5% 1.7% -4.2%
Japan, Capacity Utilization MoM OCT JPY -4.5% 1.0%
China, FDI (YTD) YoY NOV CNY 6% 6.6%
US Retail Sales MoM NOV USD 0.2% 0.4% 0.4%
US Import Prices YoY NOV USD -1.3% -3%
US Export Prices YoY NOV USD -1.3% -2.2%
US Export Prices MoM NOV USD 0.2% -0.1% 0.1%
US Import Prices MoM NOV USD 0.2% -0.5% 0.2%
US Retail Sales YoY NOV USD 3.3% 3.1%
US Business Inventories MoM OCT USD 0.2% 0% 0.2%
16-Des-19 Japan, Jibun Bank Manufacturing PMI Flash DEC JPY 41.9
Japan, Jibun Bank Composite PMI Flash DEC JPY 41.9
Japan, Jibun Bank Services PMI Flash DEC JPY 41.9
China, House Price Index YoY NOV CNY 7.8%
China, Fixed Asset Investment (YTD) YoY NOV CNY 5.2% 5.2%
China, Industrial Production YoY NOV CNY 4.7% 5%
China, Retail Sales YoY NOV CNY 7.2% 7.6%
Indonesia, Balance of Trade NOV IDN $0.16B $-0.13B
Indonesia, Exports YoY NOV IDN -6.13% -1.18%
Indonesia, Imports YoY NOV IDN -16.39% -13.32%
GB Markit/CIPS Manufacturing PMI Flash DEC GBR 48.9 49.4
US Markit Manufacturing PMI Flash DEC USD 52.6 52.6
US Markit Services PMI Flash DEC USD 51.6 52
US Markit Composite PMI Flash DEC USD 52.0 51.9
US NAHB Housing Market Index DEC USD 70 70
US Overall Net Capital Flows OCT USD $-37.6B $28.7B
17-Des-19 GB Employment Change SEP GBR -58K -5K
GB Unemployment Rate OCT GBR 3.8% 3.9%
GB CBI Industrial Trends Orders DEC GBR -26
US Building Permits MoM NOV USD 5%
US Housing Starts MoM NOV USD 3.8%
US Housing Starts NOV USD 1.314M 1.344M
US Building Permits NOV USD 1.461M 1.4M
US Manufacturing Production YoY NOV USD -1.5%
US Manufacturing Production MoM NOV USD -0.6% 0.7%
Source: Bloomberg Lp
https://tradingeconomics.com/japan/industrial-productionhttps://tradingeconomics.com/japan/industrial-productionhttps://tradingeconomics.com/japan/industrial-production-momhttps://tradingeconomics.com/japan/industrial-production-momhttps://tradingeconomics.com/japan/industrial-production-momhttps://tradingeconomics.com/united-states/retail-saleshttps://tradingeconomics.com/united-states/retail-saleshttps://tradingeconomics.com/united-states/import-priceshttps://tradingeconomics.com/united-states/import-priceshttps://tradingeconomics.com/united-states/retail-saleshttps://tradingeconomics.com/united-states/retail-saleshttps://tradingeconomics.com/united-states/business-inventorieshttps://tradingeconomics.com/china/fixed-asset-investmenthttps://tradingeconomics.com/china/industrial-productionhttps://tradingeconomics.com/china/retail-sales-annualhttps://tradingeconomics.com/indonesia/balance-of-tradehttps://tradingeconomics.com/united-kingdom/manufacturing-pmihttps://tradingeconomics.com/united-states/manufacturing-pmihttps://tradingeconomics.com/united-states/services-pmihttps://tradingeconomics.com/united-states/composite-pmihttps://tradingeconomics.com/united-states/nahb-housing-market-indexhttps://tradingeconomics.com/united-states/capital-flowshttps://tradingeconomics.com/united-kingdom/employment-changehttps://tradingeconomics.com/united-kingdom/unemployment-ratehttps://tradingeconomics.com/united-states/housing-startshttps://tradingeconomics.com/united-states/building-permits
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CORPORATE ACTION RUPS
Date Time Company Event Place
12-Dec-19 10:00 ATIC RUPSLB Jakarta 14:00 KPAL RUPSLB 14:00 MRAT RUPSLB Gd Graha Mustika Ratu Lt PH
13-Dec-19 10:00 BKDP RUPSLB Kantor Perseroan 10:00 CPRO RUPSLB TBD 10:00 SSTM RUPSLB Kantor Perseroan
14:00 MARI RUPSLB 15:30 ABBA RUPSLB Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
DMAS Cash Dividen 3-Dec-19 4-Dec-19 5-Dec-19 18-Dec-19 21
IPCM Cash Dividen 3-Dec-19 4-Dec-19 5-Dec-19 23-Dec-19 3
BBCA Cash Dividen 5-Dec-19 6-Dec-19 9-Dec-19 20-Dec-19 100 SCMA Cash Dividen 5-Dec-19 6-Dec-19 9-Dec-19 27-Dec-19 25 KINO Cash Dividen 11-Dec-19 12-Dec-19 13-Dec-19 27-Dec-19 25
TOWR Cash Dividen 13-Dec-19 16-Dec-19 17-Dec-19 20-Dec-19 6
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Galva Technologies Tbk Buana Capital Sekuritas 18 - 19 Des 2019 26-Dec-19 TBA 300
Right Issue
Code OS NS Price (IDR) Cum Date Ex Date Trading Period
TRIS 1 : 2 276 26-Nov-19 27-Nov-19 02 - 06 Desember 2019 DNAR 5 : 2 197 27-Nov-19 28-Nov-19 03 - 09 Desember 2019
TNCA 2 : 3 344 8-Jan-20 9-Jan-20 14 - 20 Januari 2020 Source: KSEI and OSO Research Team
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