osodailyoso-securities.com/sipitung/files/oso daily 21 agustus... disclaimer on. osodaily 21 agustus...
TRANSCRIPT
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 2019
ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX
6,295.74 (0.98)
-0.02% Previous 6,296.72 Lowest
6,279.57
Highest 6,317.69 Val IDR bn
8.454 Volbn 14.980 Mkt Cap IDRtr
7,221.52
Net Forg 1DIDRbn (191.38) Net ForgYTDIDRbn
62,322.91 Return YTD (%) 1.63 Month to date (%)
(1.48)
Indices
Last Chg% YTD% Americas
Dow Jones United States 25,962.44 (0.66) 11.30 S&P 500 United States 2,900.51 (0.79) 15.70 Nasdaq United States 7,948.56 (0.68) 19.79 EIDO United States 24.63 (0.40) (0.77) EMEA
FTSE 100 United Kingdom 7,125.00 (0.90) 5.90
CAC 40 France 5,344.64 (0.50) 12.98 D DAX Germany 11,651.18 (0.55) 10.34
Asia Pacific Nikkei Japanese 20,677.22 (0.62) 2.67 Shanghai China 2,883.10 (0.11) 15.48 TWSE Taiwan 10,488.75 0.32 8.17 KOSPI Korea 1,960.25 (0.06) (4.02) KLSE Malaysia 1,596.45 0.39 (5.20) ST – Times Singapore 3,128.45 0.24 2.19 Sensex India 37,402.49 (0.20) 3.49 Hangseng Hongkong 26,291.84 (0.23) 1.49
Sectoral Previous Last Chg% YTD% AGRICULTURE 1,367.02 1,349.16 (1.31) (13.76) MINING 1,602.51 1,600.31 (0.14) (9.92) MISC INDUSTRY 1,152.48 1,151.94 (0.05) (17.39) BASIC INDUSTRY 849.32 848.69 (0.07) (0.71) CONSUMER GOODS 2,407.44 2,425.96 0.77 (5.58) PROPERTY 504.68 504.80 0.02 12.74 INFRASTRUKTUR 1,216.91 1,229.88 1.07 15.56 FINANCE 1,269.47 1,260.44 (0.71) 7.21 MANUFAKTURE 1,510.99 1,517.27 0.42 (6.23) TRADE 790.42 788.73 (0.21) 0.62 LQ 45 984.13 982.70 (0.15) (0.00)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 56.21 56.13 (0.14) 23.85 Gold (USD tr.oz) 1,495.92 1,507.18 0.75 17.47 Nickel (USD/mtrc ton) 15,920.00 15,860.00 (0.38) 48.36 Tin (USD/mtrc ton) 16,475.00 16,475.00 - (15.40) Copper (USD/mtrc ton) 5,774.00 5,711.00 (1.09) (4.26) CPO (MYR/ton) 2,105.00 2,129.00 1.14 6.24 Coal (USD/ton) 66.00 65.85 (0.23) (35.76)
Currencies
Last Chg% YTD% IDR / USD
14,268.00 (0.20) 0.86
IDR / AUD
9,665.48 (0.06) 5.17 IDR / EUR
15,800.70 (0.11) 4.09
IDR /SGD
10,291.93 (0.32) 2.56 IDR / JPY
134.06 (0.11) (2.56)
IDR / GBP
17,246.66 0.27 6.21 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.25 1.80 2.30 Euro Area 0.00 1.00 1.10 United Kingdom 0.75 2.10 1.20 Japan 0.10 0.70 1.20 China 4.35 2.80 6.20 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 6.82 0.53 (13.79) GovBonds (10y) 7.35 0.47 (8.41)
Inflasi YoY 3.32
Inflasi MoM 0.31 Bi rate 5.75 GDP Growth YoY (%) 5.05
Foreign Reserve (Bn) 125.90 Government Bonds Yield% Wow% Ytd% 7 Year 7.25 7.25 7.25 15 Year 7.73 7.73 7.73 20 Year 7.85 7.85 7.85 30 Year 8.04 8.04 8.04
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (20/08) IHSG ditutup melemah tipis sebesar 0.02% ke level 6.295.74. Enam dari sepuluh indeks sektoral berakhir dalam zona merah, dimana sektor perkebunan dan keuangan memimpin pelemahan masing-masing sebesar 1.31% dan 0.71%. Adapun saham yang menjadi pemberat indeks diantaranya ; BBRI, BBCA, BBNI, INKP, PGAS. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 191 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.20% ke level 14.268. Global Review Pada perdagangan semalam (20/08) bursa saham Wall Street kompak ditutup dalam zona merah, dimana Dow Jones, S&P 500 dan Nasdaq melemah masing-masing sebesar 0.66%, 0.79% dan 0.68%. Pelemahan tersebut seiring dengan penantian para pelaku pasar terhadap rilisnya notulen rapat The Fed yang akan rilis pada sore ini waktu setempat. Selain itu pelaku pasar juga menantikan pidato gubernur The Fed Jerome Powell pada konferensi bankir The Fed di Jackson Hole, pertemuan ini akan menentukan arah kebijakan The Fed selanjutnya. JCI Prediction IHSG ditutup melemah sebesar 0.02% ke level 6.295. IHSG ditutup bearish candle. Adapun indikator Stochastic mendekati area overbought dan MACD histogram bergerak positif dengan Volume turun. Kami perkirakan IHSG bergerak mixed dengan kecederungan menguat dengan dengan pergerakan di kisaran 6274-6353. Major Economic Release
Redbook United States periode 17 Agustus
turun sebesar 1.7% lebih rendah
dibandingkan penurunan sebelumnya
sebesar 2% (MoM).
API Crude Oil Stock Change United States
periode 16 Agustus naik sebesar 3.5 juta
barel.
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 2019
TODAY TOP STOCK TRADED (LQ45) Top Gainers
Last Chg% YTD% MC (T) Beta
ELSA IJ Equity
348 4.82 1.16 2.54 1.55
TPIA IJ Equity
8,275 4.42 39.66 147.57 0.78
ICBP IJ Equity
11,900 3.25 13.88 138.78 0.63
TLKM IJ Equity
4,470 3.00 20.89 442.81 0.79
WIKA IJ Equity
2,350 1.73 41.99 21.08 1.55
Top Losers
Last Chg% YTD% MC (T) Beta
INKP IJ Equity
7,150 (4.98) (38.10) 39.12 2.42
SCMA IJ Equity
1,185 (4.44) (36.63) 17.50 1.43
PGAS IJ Equity
1,920 (3.76) (9.43) 46.54 1.84
TKIM IJ Equity
10,100 (3.35) (9.01) 31.44 2.34
ANTM IJ Equity
1,050 (3.23) 37.25 25.23 1.70
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
TLKM IJ Equity
4,470 143.2 20.9 442.81 0.79
ANTM IJ Equity
1,050 117.0 37.3 25.23 1.70
BBRI IJ Equity
4,100 102.6 12.0 505.72 1.63
ELSA IJ Equity
348 85.4 1.2 2.54 1.55
PGAS IJ Equity
1,920 83.1 (9.4) 46.54 1.84
Top Value
Last Value (Bn) YTD% MC (T) Beta
TLKM IJ Equity
4,470 384.5 20.9 442.81 0.79
BBRI IJ Equity
4,100 247.5 12.0 505.72 1.63
ASII IJ Equity
6,425 203.8 (21.9) 260.11 1.29
BBCA IJ Equity
29,925 183.3 15.1 737.80 1.02
BMRI IJ Equity
7,375 142.2 - 344.17 1.54
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific
IHSG
Indonesia 6,296 19.29 2.16 6,800
Nikkei
Japanese 20,677 14.69 1.57 24,108
Shanghai
China 2,880 13.88 1.44 3,243
TWSE
Taiwan 10,523 16.80 1.61 11,388
KOSPI
Korea 1,960 12.63 0.78 2,571
KLSE
Malaysia 1,603 20.40 1.63 1,725
ST - Times
Singapore 3,138 12.34 1.05 3,599
Sensex
India 37,393 25.99 2.82 42,694
Hangseng
Hongkong 26,232 10.43 1.18 32,717
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
TLKM IJ Equity
4470 3.00 20.89 443 0.79
TPIA IJ Equity
8275 4.42 39.66 148 0.78
UNVR IJ Equity
45175 1.52 (0.50) 345 1.05
ICBP IJ Equity
11900 3.25 13.88 139 0.63
MEGA IJ Equity
6200 6.90 26.53 43 (0.35)
Laggard
Latest Chg% YTD% MC (T) Beta
BBRI IJ Equity
4100 (1.91) 12.02 506 1.63
BBCA IJ Equity
29925 (0.50) 15.10 738 1.02
BBNI IJ Equity
7750 (1.59) (11.93) 145 1.61
INKP IJ Equity
7150 (4.98) (38.10) 39 2.42
PGAS IJ Equity
1920 (3.76) (9.43) 47 1.84
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%)
Oso Sustainability Fund
1,462.95 (3.33) Oso Syariah Equity Fund
1,348.97 1.51
Source: Bloomberg LP & OSO Research Team
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 2019
COMPARATION OF JCI PERFORMANCE (SEAG)
-
www.oso-securities.com Disclaimer on.
OSODaily 05 April 2019
OSODaily 21 Agustus 2019
MACRO ECONOMIC & INDUSTRY NEWS Inflasi rendah, Bank Indonesia (BI) diperkirakan akan menurunkan suku bunga 25 basis poin menjadi 5,5% di
pertemuan tengah pekan ini. Tahun ini, inflasi tahun diproyeksikan di bawah 3,5% dan di tahun 2020 kan inflasi
diasumsikan hanya 3,1%. Periode inflasi yang rendah itu biasanya disertai dengan bunga acuan yang rendah.
Current Account Deficit (CAD) Indonesia pada Q2-2019 melebar hingga 3% dari PDB. Sementara pada kuartal
sebelumnya, hanya ada di level 2,6%. Hal ini dipengaruhi oleh repatriasi dividen musiman, pembayaran pinjaman
luar negeri, dan penurunan ekspor.
Penjualan dari pabrikan ke dealer (wholesales) yang diolah Astra tercatat penjualan dari bulan Juni ke Juli 2019
meningkat. Dari data penjualan wholesales Juli 2019 pada periode juli 2019 naik menjadi 89.110 unit. Atau naik
dari periode juni 2019 tercatat sebesar 59.539 unit. Meski demikian, penjualan Januari-Juli 2019 sebesar 570.331
unit.Atau turun dibandingkan periode sama tahun lalu sebesar 661.247 unit.
CORPORATES NEWS Pada paruh pertama tahun 2019, PT Kalbe Farma Tbk (KLBF) mencatatkan kenaikan utang bank jangka panjangnya
tercatat naik signifikan dari sebelumnya Rp 32,11 miliar di semester I 2018 menjadi Rp 573,47 miliar.
PT Alam Sutera Realty Tbk (ASRI) di semester I 2019 baru merealisasikan marketing sales sebesar Rp 1,3 triliun.
Jumlah itu baru sebesar 32,5% dari target marketing sales ASRI tahun ini sebesar Rp 4 triliun.
PT Mitrabara Adiperdana Tbk (MBAP) tertekan penurunan harga batubara. Sepanjang semester pertama tahun ini
pendapatan MBAP turun tipis 0,12% menjadi US$ 127,93 juta, padahal pada periode yang sama tahun sebelumnya
MBAP masih mengantongi pendapatan US$ 128,09 juta.
PT Waskita Karya Tbk (WSKT) mulai agresif mencari sumber pendanaan. Selain menerbitkan obligasi dan divestasi,
WSKT juga akan menerbitkan instrumen reksa dana penyertaan terbatas (RDPT) dengan aset penyertaan ruas tol
Bekasi Cakung Kampung Melayu (Becakayu).
PT Energi Mega Persada Tbk (ENRG) melalui anak usahanya Buzi Hydrocarbons Pte. Ltd (BHPL) menyetujui
kesepakatan kerjasama dengan Empressa Nacional de Hidrocarbonetos (ENH). BHPL dan ENH memiliki masing-
masing 75% dan 25% saham di Blok Buzi EPCC di Mozambique, Afrika. Kesepakatan ini meliputi rencana BHPL
untuk mengeksplorasi dan mengembangkan blok Buzi EPCC dengan estimasi nilai investasi sebesar US$ 50 juta.
PT Perusahaan Gas Negara Tbk (PGAS) mencatatkan pendapatan sebesar US$ 1,79 miliar. Bila dikonversikan ke
rupiah dengan kurs rata-rata semester I tahun 2019 Rp 14.195 per dolar Amerika Serikat (AS), maka pendapatan
PGAS sekitar Rp 25,4 triliun. Angka ini turun 6,77% bila dibandingkan pendapatan PGAS pada semester I 2018 lalu
sebesar US$ 1,92 miliar.
PT Jaya Trishindo Tbk (HELI) menyebut, gelaran politik di semester I membuat kinerja perusahaan penyewaan
helikopter ini naik pada semester pertama lalu. sepanjang semester I HELI mencetak pendapatan Rp 27,01 miliar
naik 6,84% dari sebelumnya Rp 25,28 miliar.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
-
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 21 Agustus 2019
Technical
Medium/Minor trend : Uptrend MACD line/histogram : Ke Arah Positif Stochastic : Bullish Volume : Meningkat
Recommendation : BUY Entry Buy : 1.255 – 1.265 Target Price : 1.295 – 1.330 Support : 1.235 – 1.245 Cutloss : 1.230
DAILY TECHNICAL
Strategi Ciputra Development (CTRA) Menghadapi Kelebihan Pasokan Perkantoran PT Ciputra Development Tbk (CTRA) mengatakan saat ini pihaknya masih fokus dalam pengembangan residensial. Sebab untuk perkantoran, menurutnya kondisi saat ini masih over supply seiring dengan masih banyaknya unit perkantoran yang barus selesai dibangun. dapun, pada semester dua ini, CTRA akan merilis empat proyek baru. Proyek tersebut adalah perumahan di Puri Semanan, township di Sentul, apartemen di Ciracas dan proyek mixed-use di Driyorejo, Gresik.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.295. Apabila break 1.295 next harga ke level 1.330. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.230 jika sudah melewati support 1.235 – 1.245.
|CTRA|PE : 39.53x | PBV : 1.40x | ROE: 3.53% | NPM : 9.42% | DER : 1.08x | Fair Value : 1.500|
Souce: OSO Research Team
BUY
NOTE:
-
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 21 Agustus 2019
Technical
Medium/Minor trend : Uptrend MACD line/histogram : Ke Arah Positif Stochastic : Bullish Volume : Turun Tipis
Recommendation : BUY Entry Buy : 6.325 – 6.400 Target Price : 6.550 – 6.650 Support : 6.275 – 6.325 Cutloss : 6.250
DAILY TECHNICAL
BUY |SILO |PE : 1066x | PBV : 1.64x | ROE: 0.15% | NPM : 0.14% | DER : 0.23x | Fair Value : 7.000|
Pendapatan SILO Semester I/2019 Tumbuh 18,66%, Harga Sahamnya Pun Ikut Terkerek PT Siloam International Hospitals Tbk (SILO ) pada semester I/2019 cukup positif dan tercermin dari pendapatan sebesar Rp3,37 triliun, naik 18,66% dari posisi Rp2,84 triliun pada periode yang sama tahun sebelumnya. Adapun pendapatan SILO bersumber dari pendapatan rawat inap Rp2,01 triliun dan rawat jalan Rp1,36 triliun. Sementara untuk laba yang dapat diatribusikan kepada entitas induk sebesar Rp4,89 miliar per Juni 2019. Padahal SILO masih mencatatkan rugi bersih Rp25,05 miliar pada semester I/2018.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 6.550. Apabila berhasil menguji 6.550 next harga ke level 6.650. Hati-hati jika harga tidak mampu break up atau berbalik menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 6.250 jika sudah melewati support 6.275 – 6.325..
NOTE:
-
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 21 Agustus 2019
Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : BUY Entry Buy : 2.320 – 2.350 Target Price : 2.400 – 2.430 Support : 2.280 – 2.310 Cutloss : 2.270
DAILY TECHNICAL
BUY |WIKA|PE : 11.81x | PBV : 1.18x | ROE: 10% | NPM : 7.83% | DER : 2.34x | Fair Value : 2.600|
Ekspansi ke Afrika, BUMN Bidik Kontrak Rp11,7 Triliun Pemerintah Indonesia dan Afrika melakukan penandatanganan kerjasama di bidang infrastruktur dan transportasi. Nilai kerjasamanya ditaksir mencapai US$822 juta atau sekitar Rp11,7 triliun. Sejumlah BUMN yang terlibat dalam kerjasama tersebut antara lain, PT Wijaya Karya (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT Kimia Farma Tbk, PT Bio Farma (Persero) Tbk, PT INKA (Persero), PT Len Industri (Persero), dan PT Kereta Api Indonesia (Persero). Menteri BUMN Rini M. Soemarno menambahkan, kesepakatan ini merupakan bentuk kepercayaan pemerintah Afrika kepada pemerintah Indonesia melalui BUMN-BUMN tersebut.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang menguji level 2.400. Apabila break 2.400 next harga ke level 2.430. Hati-hati jika harga tidak mampu tembus 2.400 atau malah berbailk menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 2.270 jika sudah melewati support 2.280 – 2.310.
NOTE:
-
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 21 Agustus 2019
Sector Rotation
Mingguan
Bulanan
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 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 725 (2.03) 51.67 3.81 56.13 5.18 1.13 5.21 98.23 635 -12% Sell
CPIN IJ Equity 4,610 (1.91) (36.19) 3.94 19.66 12.15 13.99 21.19 22.95 4,594 0% Sell
INKP IJ Equity 7,150 (4.98) (38.10) 0.71 6.99 2.49 6.03 14.02 113.83 11,300 58% Buy
INTP IJ Equity 22,550 (0.22) 22.22 3.80 58.02 31.23 5.47 6.48 0.50 19,358 -14% Sell
JPFA IJ Equity 1,530 (1.29) (28.84) 1.84 9.46 4.33 8.00 20.16 59.63 1,718 12% Buy
SMGR IJ Equity 13,225 (0.19) 15.00 2.59 30.27 11.12 4.11 8.74 30.13 13,761 4% Hold
TKIM IJ Equity 10,100 (3.35) (9.01) 1.66 10.86 16.53 6.95 16.45 120.71 13,000 29% Buy
TPIA IJ Equity 8,275 4.42 39.66 5.80 82.01 27.02 4.18 7.14 34.35 4,568 -45% Sell
Industry Average in LQ45 3.02 34.18 13.76 6.23 12.42 60.04
Total of Industry Average 1.62 24.22 10.25 2.82 (23.11) 101.08
SECTOR CONSUMER GOODS
GGRM IJ Equity 77,000 0.49 (7.92) 3.34 17.39 10.26 12.84 20.01 38.38 92,353 20% Buy
HMSP IJ Equity 3,020 - (18.60) 12.33 24.80 18.74 32.64 50.51 0.33 3,656 21% Buy
ICBP IJ Equity 11,900 3.25 13.88 6.09 28.54 17.00 13.48 22.92 9.06 11,925 0% Hold
INDF IJ Equity 7,775 1.30 4.36 1.95 14.35 5.61 4.98 14.36 59.18 8,274 6% Hold
KLBF IJ Equity 1,570 0.32 3.29 5.02 29.45 19.55 13.62 17.85 2.34 1,590 1% Hold
UNVR IJ Equity 45,175 1.52 (0.50) 67.92 37.16 25.16 43.81 183.94 20.26 45,194 0% Hold
Industry Average in LQ45 16.11 25.28 16.05 20.23 51.60 21.59
Total of Industry Average 6.32 25.90 21.99 8.92 19.63 46.26
SECTOR INFRASTRUCTURE
EXCL IJ Equity 3,250 - 64.14 1.86 130.48 3.61 (5.11) (14.59) 125.77 3,861 19% Buy
JSMR IJ Equity 5,700 (0.87) 33.18 2.34 18.66 6.17 2.50 13.33 157.26 6,460 13% Buy
PGAS IJ Equity 1,920 (3.76) (9.43) 1.29 15.30 2.56 3.11 7.41 109.43 2,580 34% Buy
TLKM IJ Equity 4,470 3.00 20.89 4.71 21.69 6.76 9.77 22.82 37.58 4,705 5% Hold
Industry Average in LQ45 2.55 46.54 4.77 2.57 7.24 107.51
Total of Industry Average 3.00 39.29 176.48 (3.89) (2.18) 130.89
Source: Bloomber LP
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 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 1,050 0.48 (13.58) 0.63 5.09 1.84 6.70 12.63 32.95 1,617 54% Buy
AKRA IJ Equity 4,010 (0.74) (6.53) 1.95 22.17 12.71 4.78 11.01 42.61 4,929 23% Buy
ANTM IJ Equity 1,050 (3.23) 37.25 1.27 31.53 9.21 2.47 4.14 50.26 1,204 15% Buy
INCO IJ Equity 3,410 (2.01) 4.60 1.28 452.52 19.89 0.23 0.27 1.94 3,825 12% Buy
INDY IJ Equity 1,380 (0.36) (12.93) 0.55 31.14 1.05 0.46 1.74 129.53 2,125 54% Buy
ITMG IJ Equity 12,925 (0.19) (36.17) 1.12 4.33 2.40 17.45 25.70 - 19,503 51% Buy
MEDC IJ Equity 775 - 13.14 0.77 9.06 1.49 (1.14) (5.07) 202.38 1,043 35% Buy
PTBA IJ Equity 2,460 0.41 (42.79) 1.50 5.50 3.96 19.44 29.25 5.12 3,559 45% Buy
Industry Average in LQ45 1.13 70.17 6.57 6.30 9.96 58.10
Total of Industry Average 2.23 36.20 9.97 3.86 4.10 94.98
SECTOR MISC INDUSTRY
ASII IJ Equity 6,425 - (21.88) 1.83 12.33 6.78 6.60 16.18 49.27 8,104 26% Buy
SRIL IJ Equity 338 (0.59) (5.59) 0.84 5.24 2.30 6.72 17.23 139.64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1.34 8.78 4.54 6.66 16.71 94.46
Total of Industry Average 2.78 426.23 5.82 3.08 3.18 94.73
SECTOR PROPERTY
BSDE IJ Equity 1,330 (2.21) 5.98 0.94 16.82 9.56 2.98 5.72 46.06 1,683 27% Buy
CTRA IJ Equity 1,265 2.02 25.25 1.62 18.02 8.81 3.84 9.39 50.80 1,347 7% Hold
PTPP IJ Equity 1,975 (0.50) 9.42 0.96 8.85 4.12 2.84 11.34 74.03 2,655 34% Buy
PWON IJ Equity 680 (1.45) 9.68 2.40 11.79 8.72 11.10 22.42 36.44 765 13% Buy
WIKA IJ Equity 2,350 1.73 41.99 1.37 10.01 5.13 3.70 14.89 78.93 2,813 20% Buy
WSKT IJ Equity 1,845 (0.54) 9.82 1.39 12.71 4.96 1.58 11.35 224.10 2,288 24% Buy
Industry Average in LQ45 1.45 13.03 6.88 4.34 12.52 85.06
Total of Industry Average 2.76 29.15 13.63 4.68 10.29 47.63
Source: Bloomber LP
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 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 1,875 (2.85) (14.77) 1.29 11.66 4.98 4.54 11.78 88.81 1,916 2% Hold
LPPF IJ Equity 3,160 (2.17) (43.57) 4.90 9.84 5.27 15.33 45.23 - 4,851 53% Buy
MNCN IJ Equity 1,260 (1.18) 82.61 1.48 7.65 4.44 12.35 20.53 42.22 1,541 22% Buy
SCMA IJ Equity 1,185 (4.44) (36.63) 3.49 12.18 8.81 20.52 29.07 0.33 1,889 59% Buy
UNTR IJ Equity 20,550 (0.72) (24.86) 1.40 6.83 3.06 10.84 21.57 17.95 31,546 54% Buy
Industry Average in LQ45 2.51 9.63 5.32 12.72 25.64 29.86
Total of Industry Average 6.93 35.17 21.77 0.86 2.68 65.29
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 29,925 (0.50) 15.10 4.62 27.03 88.15 1.40 6.53 6.30 30,658 2% Hold
BBRI IJ Equity 4,100 (1.91) 12.02 2.66 14.90 90.10 2.27 7.06 64.57 4,691 14% Buy
BBNI IJ Equity 7,750 (1.59) (11.93) 1.26 9.50 92.85 1.90 5.14 82.33 10,082 30% Buy
BBTN IJ Equity 2,230 (3.04) (12.20) 0.96 8.79 103.45 2.82 3.81 188.00 2,698 21% Buy
BMRI IJ Equity 7,375 0.34 - 1.85 13.05 100.47 2.75 5.36 56.75 8,971 22% Buy
BTPS IJ Equity 3,200 (4.48) 78.27 6.17 24.62 454.49 1.39 38.72 149.94 3,498 9% Buy
Industry Average in LQ45 2.27 14.65 95.00 2.23 5.58 79.59
Total of Industry Average 5.04 29.73 110.09 3.09 7.79 84.38
Source: Bloomber LP
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 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 1,050 (13.6) Negatif Oversold Negatif 960 1,150 1,340 1,050 1,040 1,020 1,070 1,080 1,005 Speculative Buy
AKRA IJ Equity 4,010 (6.5) Negatif Trading Positif 3,710 3,935 4,160 4,050 3,995 3,940 4,105 4,160 3,880 Hold
ANTM IJ Equity 1,050 37.3 Negatif OverBought Positif 820 985 1,150 1,060 1,045 1,015 1,090 1,105 1,000 Sell
ASII IJ Equity 6,425 (21.9) Positif Oversold Negatif 6,375 6,900 7,400 6,450 6,400 6,325 6,525 6,575 6,225 Speculative Buy
BBCA IJ Equity 29,925 15.1 Positif Trading Negatif 29,350 30,475 31,600 30,050 29,925 29,800 30,175 30,300 29,350 Hold
BBNI IJ Equity 7,750 (11.9) Negatif Oversold Positif 7,650 8,150 8,650 7,825 7,750 7,625 7,950 8,025 7,525 Speculative Buy
BBRI IJ Equity 4,100 12.0 Positif Oversold Negatif 4,115 4,350 4,580 4,145 4,085 4,035 4,195 4,255 3,970 Speculative Buy
BBTN IJ Equity 2,230 (12.2) Positif Trading Positif 2,200 2,345 2,490 2,270 2,215 2,170 2,315 2,370 2,135 Speculative Buy
BMRI IJ Equity 7,375 - Negatif Oversold Negatif 7,150 7,575 8,000 7,400 7,325 7,250 7,475 7,550 7,125 Speculative Buy
BRPT IJ Equity 725 51.7 Positif Trading Negatif 705 750 790 735 720 705 750 765 695 Hold
BSDE IJ Equity 1,330 6.0 Negatif Trading Positif 1,275 1,365 1,455 1,360 1,330 1,305 1,385 1,415 1,285 Hold
BTPS IJ Equity 3,200 78.3 Positif Trading Negatif 3,065 3,300 3,535 3,305 3,170 3,065 3,410 3,545 3,020 Hold
CPIN IJ Equity 4,610 (36.2) Negatif Trading Negatif 4,445 4,960 5,475 4,665 4,605 4,545 4,725 4,785 4,475 Sell
CTRA IJ Equity 1,265 25.2 Negatif Trading Negatif 1,165 1,235 1,305 1,255 1,230 1,205 1,280 1,305 1,185 Sell
ERAA IJ Equity 1,875 (14.8) Positif Trading Negatif 1,775 1,975 2,180 1,910 1,855 1,810 1,955 2,010 1,785 Hold
EXCL IJ Equity 3,250 64.1 Positif Trading Negatif 3,105 3,260 3,410 3,260 3,210 3,180 3,290 3,340 3,130 Hold
GGRM IJ Equity 77,000 (7.9) Negatif Trading Positif 70,725 74,675 78,600 76,500 75,975 75,450 77,025 77,550 74,300 Hold
HMSP IJ Equity 3,020 (18.6) Negatif Trading Positif 2,790 2,940 3,090 3,005 2,970 2,915 3,060 3,095 2,870 Hold
ICBP IJ Equity 11,900 13.9 Negatif OverBought Positif 10,300 11,000 11,700 11,825 11,675 11,475 12,025 12,175 11,300 Sell
INCO IJ Equity 3,410 4.6 Negatif OverBought Positif 2,685 3,120 3,550 3,430 3,380 3,330 3,480 3,530 3,280 Sell
INDF IJ Equity 7,775 4.4 Negatif OverBought Positif 6,675 7,225 7,750 7,725 7,675 7,625 7,775 7,825 7,500 Sell
INDY IJ Equity 1,380 (12.9) Negatif Oversold Negatif 1,265 1,455 1,650 1,385 1,370 1,350 1,405 1,420 1,330 Speculative Buy
INKP IJ Equity 7,150 (38.1) Negatif Trading Positif 6,450 7,325 8,200 7,350 7,100 6,875 7,575 7,825 6,775 Hold
source: Bloomberg Lp
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 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 22,550 22.2 Negatif OverBought Negatif 21,250 22,050 22,850 22,475 22,300 21,925 22,850 23,025 21,600 Strong Sell
ITMG IJ Equity 12,925 (36.2) Positif Strong Buy Negatif 12,725 15,650 18,600 13,025 12,875 12,750 13,150 13,300 12,550 Buy
JPFA IJ Equity 1,530 (28.8) Negatif Trading Negatif 1,500 1,570 1,640 1,545 1,525 1,505 1,565 1,585 1,480 Sell
JSMR IJ Equity 5,700 33.2 Negatif Trading Negatif 5,550 5,800 6,050 5,750 5,700 5,650 5,800 5,850 5,575 Sell
KLBF IJ Equity 1,570 3.3 Negatif OverBought Positif 1,385 1,460 1,535 1,570 1,555 1,545 1,580 1,595 1,520 Sell
LPPF IJ Equity 3,160 (43.6) Negatif Oversold Negatif 2,995 3,450 3,905 3,190 3,130 3,060 3,260 3,320 3,015 Speculative Buy
MEDC IJ Equity 775 13.1 Positif Oversold Negatif 750 815 880 780 765 755 790 805 745 Speculative Buy
MNCN IJ Equity 1,260 82.6 Positif Trading Negatif 1,220 1,335 1,445 1,255 1,230 1,175 1,310 1,335 1,155 Hold
PGAS IJ Equity 1,920 (9.4) Negatif Trading Positif 1,925 1,985 2,040 1,950 1,915 1,880 1,985 2,020 1,850 Hold
PTBA IJ Equity 2,460 (42.8) Negatif Oversold Negatif 2,330 2,610 2,890 2,455 2,415 2,375 2,495 2,535 2,335 Speculative Buy
PTPP IJ Equity 1,975 9.4 Negatif Trading Positif 1,750 1,975 2,200 1,990 1,965 1,945 2,010 2,035 1,915 Hold
PWON IJ Equity 680 9.7 Positif Trading Negatif 660 695 730 685 675 665 695 705 655 Hold
SCMA IJ Equity 1,185 (36.6) Negatif Oversold Negatif 1,155 1,350 1,540 1,215 1,180 1,140 1,255 1,290 1,120 Speculative Buy
SMGR IJ Equity 13,225 15.0 Negatif OverBought Positif 12,275 12,725 13,200 13,200 13,125 12,950 13,375 13,450 12,750 Sell
SRIL IJ Equity 338 (5.6) Negatif Trading Negatif 331 345 359 339 338 337 340 341 332 Sell
TKIM IJ Equity 10,100 (9.0) Negatif Trading Positif 8,500 10,800 13,100 10,250 9,950 9,625 10,575 10,875 9,475 Hold
TLKM IJ Equity 4,470 20.9 Negatif OverBought Positif 4,115 4,240 4,365 4,410 4,345 4,280 4,475 4,540 4,215 Sell
TPIA IJ Equity 8,275 39.7 Negatif Strong Sell Positif 5,525 6,800 8,075 8,125 7,950 7,775 8,300 8,475 7,650 Sell
UNTR IJ Equity 20,550 (24.9) Positif Oversold Negatif 19,375 23,725 28,075 20,700 20,525 20,325 20,900 21,075 20,025 Speculative Buy
UNVR IJ Equity 45,175 (0.5) Negatif Trading Positif 43,225 44,600 45,975 45,100 44,950 44,825 45,225 45,375 44,150 Hold
WIKA IJ Equity 2,350 42.0 Negatif Trading Positif 2,180 2,305 2,430 2,335 2,305 2,285 2,355 2,385 2,250 Hold
WSKT IJ Equity 1,845 9.8 Negatif Trading Negatif 1,655 1,910 2,170 1,860 1,835 1,815 1,880 1,905 1,785 Sell
source: Bloomberg Lp
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 2019
MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
20-Aug-19 GB CBI Industrial Trends Orders AUG GBR -13 -34
US Redbook YoY 17/AUG USD 4.90% 4.4%
US Redbook MoM 17/AUG USD -1.7% -2%
US API Crude Oil Stock Change AUG/16 USD 3.5M 3.7M
21-Aug-19 GB Public Sector Net Borrowing JUL GBR £-6.50B
US MBA 30-Year Mortgage Rate 16/AUG USD 3.93%
US MBA Mortgage Applications 16/AUG USD 21.70%
US Existing Home Sales MoM JUL USD -1.7% 2.50%
US Existing Home Sales JUL USD 5.27M 5.4M
US EIA Gasoline Stocks Change 16/AUG USD -1.412M 0.025M
US EIA Crude Oil Stocks Change 16/AUG USD 1.58M
22-Aug-19 Japan, Foreign Bond Investment AUG/17 JPY ¥173.1B
Japan, Stock Investment by Foreigners AUG/17 JPY ¥-187B
Japan, All Industry Activity Index MoM JUN JPY 0.3%
Indonesia, Interest Rate Decision IDN 5.75%
Indonesia, Deposit Facility Rate AUG IDN 5%
Indonesia, Lending Facility Rate AUG IDN 6.5%
US Initial Jobless Claims AUG/17 USD 220K 216K
US Continuing Jobless Claims AUG/10 USD 1726K
US Markit Composite PMI Flash AUG USD 52.6
US Markit Manufacturing PMI Flash AUG USD 50.4 50.5
US Markit Services PMI Flash AUG USD 53 52.9
US CB Leading Index MoM JUL USD -0.3% 0.20%
Source: Bloomberg Lp
https://tradingeconomics.com/united-states/existing-home-saleshttps://tradingeconomics.com/united-states/gasoline-stocks-changehttps://tradingeconomics.com/united-states/jobless-claimshttps://tradingeconomics.com/united-states/manufacturing-pmihttps://tradingeconomics.com/united-states/services-pmi
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 2019
CORPORATE ACTION RUPS
Date Time Company Event Place
21-Aug-19 14:00 MAYA RUPSLB Gedung Mayapada Tower 2
14:00 MYOH RUPSLB Crowne Plaza Hotel
23-Aug-19 10:00 LUCK RUPSLB Ruang Seminar I BEI
26-Aug-19 9:00 PEHA RUPSLB
10:00 LAND RUPSLB Ruang Meeting, Sahid Serpong
28-Aug-19 9:30 NRCA RUPSLB Hotel Gran Meli Lt 1
14:00 BMRI RUPSLB
29-Aug-19 10:00 LINK RUPSLB 10:00 TRIL RUPSLB Jl Guntur No 45
14:00 BBTN RUPSLB
30-Aug-19 9:30 CNTX RUPSLB Pabrik Perseroan
14:00 ASRM RUPSLB Hotel Borobudur Banda B Room
14:00 BBNI RUPSLB Menara BNI Lt 6
14:00 PGAS RUPSLB
2-Sep-19 10:00 BTPS RUPSLB Menara BTPN, CBD Mega Kuningan 14:00 BBRI RUPSLB Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
IKBI Cash Dividen 30-Jul-19 31-Jul-19 1-Aug-19 22-Aug-19 8.8 AKRA Cash Dividen 5-Aug-19 6-Aug-19 7-Aug-19 16-Aug-19 50 SMSM Cash Dividen 8-Aug-19 9-Aug-19 12-Aug-19 23-Aug-19 15
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Kencana Energy Tbk Bahana, RHB, Mirae Asset Sekuritas TBA TBA 250 - 420 977
Source: KSEI and OSO Research Team
-
www.oso-securities.com Disclaimer on.
OSODaily 21 Agustus 2019
Disclaimer This report has been prepared by PT OSO Sekuritas Indonesia on behalf of itself and its affiliated companies and is provided for information purposes only. Under no circumstance.is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has been produced independently and the forecasts, opinions and expectations contained herein are entirely those of PT. OSO Sekuritas Indonesia. We expressly disclaim any responsibility or liability (express or implied) of PT. OSO Sekuritas Indonesia, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action , suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT. OSO Sekuritas Indonesia, its affiliated companiesor their respective employees or agents accepts liability for any errors, omissions or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. The information contained in this report is not be taken as any recommendation made by PT. OSO Sekuritas Indonesia or any other person to enter into any agreement with regard to any investment mentioned in this document. This report is prepared for general circulation. It does not have regards tothe specific person who may receive this report. In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice.
Research Team
Ike Widiawati Head of Research +62 21 2991 5300 ([email protected])
Rifqiyati Research Analyst +62 21 2991 5300 (Rifqiyati @oso-securities.com)
Sukarno Alatas Research Analyst +62 21 2991 5300 ([email protected])
Mochammad Cahyo Research Analyst +62 21 2991 5300 ([email protected])
Michelle Abadi Research Associate +62 21 2991 5300 ([email protected])
Disclosure Of Interests
As of the date of this report, 1. The research analysts primarily responsible for the preparation of all or part of this report hereby certify that:
the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities
and issuers; and
no part of the analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views
expressed in this research report.
2. The research analysts primarily responsible for the preparation of all or part of this report, or his/her associate(s), do not have any interest (including any direct or indirect ownership of securities, arrangement for financial accommodation or serving as an officer) in any company mentioned in this report
3. PT OSO Securities Indonesia on a business in Indonesia in investment banking, proprietary trading or agency broking in relation
to securities
PT OSO Sekuritas Indonesia - Research Cyber 2 Tower, 22
nd Floor
Jl. HR. Rasuna Said Blok X-5 No. 13 JakartaSelatan, 12950
Telp: +62-21-299-15-300 Fax : +62-21-290-21-497
mailto:[email protected]