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OSODaily 13 Juni 2019
ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX
6,276.18 (29.82)
-0.47% Previous 6,305.99 Lowest
6,257.44
Highest 6,296.82 Val IDR bn
7,475.10 Volbn 12.66 Mkt Cap IDRtr
7,148.93
Net Forg 1DIDRbn (189.52) Net ForgYTDIDRbn
58,690.01 Return YTD (%) 1.32 Month to date (%)
1.08
Indices 6,033.14 Last Chg% YTD% Americas
Dow Jones United States 26,004.83 (0.17) 11.48 S&P 500 United States 2,879.84 (0.20) 14.88 Nasdaq United States 7,792.72 (0.38) 17.44 EIDO United States 25.48 (1.28) 2.66 EMEA
FTSE 100 United Kingdom 7,367.62 (0.42) 9.50
CAC 40 France 5,374.92 (0.62) 13.62 D DAX Germany 12,115.68 (0.33) 14.74
Asia Pacific Nikkei Japanese 21,204.28 (0.35) 5.57 Shanghai China 2,925.72 (0.56) 16.66 TWSE Taiwan 10,607.76 0.07 9.13 KOSPI Korea 2,108.75 (0.22) 3.09 KLSE Malaysia 1,651.20 (0.03) (2.36) ST – Times Singapore 3,209.58 (0.06) 4.53 Sensex India 39,950.46 (0.48) 10.23 Hangseng Hongkong 27,789.34 (1.73) 5.66
Sectoral Previous Last Chg% YTD% AGRICULTURE 1,388.27 1,387.95 (0.02) (11.28) MINING 1,655.89 1,627.54 (1.71) (8.39) MISC INDUSTRY 1,315.78 1,299.82 (1.21) (6.79) BASIC INDUSTRY 768.31 763.97 (0.57) (10.62) CONSUMER GOODS 2,461.65 2,468.27 0.27 (3.93) PROPERTY 469.24 469.14 (0.02) 4.78 INFRASTRUKTUR 1,184.35 1,167.79 (1.40) 9.72 FINANCE 1,279.05 1,272.81 (0.49) 8.26 MANUFAKTURE 1,521.25 1,518.45 (0.18) (6.16) TRADE 809.90 810.01 0.01 3.33 LQ 45 1,002.32 996.19 (0.61) 1.37
Commodities Previous Lastest Chg% YTD% Oil (USD/bbl) 53.27 51.14 (4.00) 12.82 Nickel (USD/mt. ton) 11,646.00 11,885.00 2.05 10.77 Tins (USD/mt. ton) 19,240.00 19,160.00 (0.42) (0.90) Gold (USD tr.oz) 1,326.85 1,333.63 0.51 3.99 Copper (USD/mt.ton) 5,874.00 5,876.00 0.03 (1.89) CPO (MYR/ton) 1,971.00 1,986.00 0.76 (2.64) Coal (USD/ton) 76.15 75.75 (0.53) (29.17)
Currencies
Last Chg% YTD% IDR / USD
14,241.00 0.06 1.05
IDR / AUD
9,894.98 0.31 2.74 IDR / EUR
16,137.12 (0.24) 1.92
IDR /SGD
10,439.74 (0.16) 1.11 IDR / JPY
131.56 (0.24) (0.71)
IDR / GBP
18,143.17 (0.34) 0.97 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.50 2.00 3.20 Euro Area 0.00 1.20 1.20 United Kingdom 0.75 2.10 1.80 Japan 0.10 0.90 0.90 China 4.35 2.70 6.40 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 7.31 (0.21) (7.51) GovBonds (10y) 7.72 - (3.80)
Inflasi YoY 3.32
Inflasi MoM 0.68 Bi rate 6.00 GDP Growth YoY (%) 5.07
Foreign Reserve (Bn) 124.29 Government Bonds Yield% Wow% Ytd% 7 Year 7.74 7.74 7.74 15 Year 8.06 8.06 8.06 20 Year 8.22 8.22 8.22 30 Year 8.66 8.66 8.66
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (12/06) IHSG ditutup melemah sebesar 0.47% ke level 6.276,18. Delapan dari sepuluh indeks sektoral berakhir dalam zona merah, dimana sektor Pertambangan dan Infrastruktur memimpin pelemahan masing-masing sebesar 1.71% dan 1.40%. Adapun saham yang menjadi pemberat indeks diantaranya: BBCA, TLKM, ASII, BYAN, TKIM. Sementara itu pelaku pasar asing membukukan aksi jual bersih (Netsell) sebesar Rp 189 miliar. Nilai tukar rupiah terdepresiasi sebesar -0.06% ke level 14,421. Global Review Pada perdagangan semalam (12/06) bursa saham Wall Street kompak ditutup dalam teritori negatif, dimana Dow Jones turun 0.17%, S&P 500 melemah 0.20% dan Nasdaq Composite negatif 0.38%. Pelemahan tersebut seiring dengan melemahnya sektor energi yang tercatat sebesar 1.4%, hal ini dibebani oleh penurunan harga minyak WTI yang lebih dari 4% pada perdagangan semalam akibat dari kekhawatiran kenaikan stok minyak mentah Amerika Serikat diluar perkiraan atau sebanyak 2.21 juta barel. Sementara itu rilisnya data Inflasi yang tercatat sebesar 0.1% dari sebelumnya 0.3% (MoM) juga menjadi salah satu sentimen negatif indeks. JCI Prediction IHSG ditutup melemah sebesar 0.5% ke level 6.276. IHSG
ditutup bullish candle. Adapun indikator Stochastic dead
cross dan MACD histogram bergerak positif dengan
Volume meningkat. kami perkirakan IHSG kembali
lanjutkan pelelemahan untuk menutup area gap terlebih
dahulu dengan pergerakan di kisaran 6.209 – 6.321.
Major Economic Release
Inflation Rate China pada Mei 2019 tercatat stagnan sebesar 0% dibandingkan sebelumnya yang naik sebesar 0.1% (MoM).
Machinery Orders Japan pada April 2019 naik sebesar 5.2% lebih tinggi dibandingkan sebelumnya 3.8% (MoM).
Consumer Confidence Indonesia pada Mei 2019 naik ke level 128.2 dari sebelumnya di level 128.1.
Inflation Rate United States pada Mei 2019 tercatat sebesar 0.1% dari sebelumnya sebesar 0.3% (MoM).
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OSODaily 13 Juni 2019
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
AKRA IJ Equity
4,210 5.25 (1.86) 16.90 1.20
INDY IJ Equity
1,450 4.32 (8.52) 7.55 1.35
CPIN IJ Equity
5,075 3.15 (29.76) 83.22 1.46
JSMR IJ Equity
5,825 2.19 36.10 42.28 1.04
TLKM IJ Equity
3,940 2.17 5.07 390.31 0.78
Top Losers
Last Chg% YTD% MC (T) Beta
TKIM IJ Equity
10,225 (10.70) (7.88) 31.83 2.25
INKP IJ Equity
7,050 (7.24) (38.96) 38.57 2.30
SMGR IJ Equity
11,600 (3.13) 0.87 68.81 1.51
LPPF IJ Equity
3,650 (2.67) (34.82) 10.65 0.89
PTPP IJ Equity
2,020 (2.42) 11.91 12.52 1.81
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
TLKM IJ Equity
3,940 134.7 5.1 390.31 0.78
BBRI IJ Equity
4,210 92.9 15.0 519.29 1.60
ERAA IJ Equity
1,325 88.7 (39.8) 4.23 0.71
ANTM IJ Equity
785 54.7 2.6 18.86 1.61
PWON IJ Equity
750 52.1 21.0 36.12 1.42
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBRI IJ Equity
4,210 489.5 15.0 519.29 1.60
BBCA IJ Equity
29,225 426.1 12.4 720.54 1.02
BMRI IJ Equity
7,875 421.9 6.8 367.50 1.54
TLKM IJ Equity
3,940 350.1 5.1 390.31 0.78
ASII IJ Equity
7,500 280.4 (8.8) 303.63 1.32
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific
IHSG
Indonesia 6,276 19.87 2.18 7,100 Nikkei
Japanese 21,130 15.73 1.60 24,101
Shanghai
China 2,909 14.07 1.44 3,353 TWSE
Taiwan 10,616 15.92 1.57 11,256
KOSPI
Korea 2,109 12.00 0.85 2,664 KLSE
Malaysia 1,651 21.00 1.69 1,726
ST - Times
Singapore 3,208 13.02 1.08 3,663 Sensex
India 39,727 28.30 3.10 42,993
Hangseng
Hongkong 27,308 10.72 1.21 33,332
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
UNVR IJ Equity
45000 1.58 (0.88) 343 1.07
PLIN IJ Equity
4360 24.57 51.39 15 0.14
CPIN IJ Equity
5075 3.15 (29.76) 83 1.46
SMBR IJ Equity
740 24.37 (57.71) 7 0.91
JPFA IJ Equity
1605 6.29 (25.35) 19 1.06
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA Equity
29225 (1.10) 12.40 721 1.02
TLKM IJ Equity
3940 2.17 5.07 390 0.78
BYAN IJ Equity
17150 (9.26) (13.71) 57 (0.05)
ASII IJ Equity
7500 (1.64) (8.81) 304 1.32
TKIM IJ Equity
10225 (10.70) (7.88) 32 2.25
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%)
Oso Sustainability Fund
1,489.23 0.24 Oso Syariah Equity Fund
1,348.93 (4.12)
Source: Bloomberg LP & OSO Research Team
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COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS. Bank Indonesia (BI) baru saja merilis Indeks Keyakinan Konsumen (IKK) Mei 2019 mengalami peningkatan 0,1 dari bulan sebelumnya menjadi 128,1. Kenaikan IKK ini dikarenakan sebagai dampak bulan Ramadhan dan Lebaran tahun 2019. Malaysian Palm Oil Board (MPOB) produksi CPO di Malaysia pada Mei 2019 mencapai 1,67 juta ton, atau lebih tinggi dari April 2019 sebanyak 1,64 juta ton. Sementara itu, ekspor CPO Malaysia pada Mei 2019 mencapai 301.619, atau naik 3.035 ton dari bulan sebelumnya. Kenaikan produksi CPO Malaysia menjadi sentimen negatif bagi harga CPO, di tengah masih lemahnya harga CPO. Australia dilaporkan memangkas perkiraan produksi gandum mereka untuk panen 2019/2020 lebih dari 11%, karena kekeringan yang melanda sepanjang pantai timur, mengancam tanaman tersebut. Akibatnya, pembeli tradisional gandum Australia seperti pabrik Indonesia dan Jepang akan terpaksa mencari pasar alternatif seperti Rusia pada saat harga sedang reli. Didukung oleh proyeksi Australia ini, harga gandum patokan global telah meningkat sekitar 15% sejak Mei.
CORPORATES NEWS PT Sri Rejeki Isman Tbk (SRIL) mendapat keuntungan dari kondisi perang dagang Amerika Serikat dan China. Saat ini pertumbuhan penjualan SRIL ke AS meningkat cukup signifikan sampai 40% kenaikannya sekitar US$ 25 juta-US$ 30 juta sampai saat ini. PT United Tractors Tbk (UNTR) meminjamkan dana sebesar Rp 280 miliar ke anak usahanya PT Patria Maritime Line (PML). Pinjaman ini akan digunakan untuk membeli kapal. PT Eka Sari Lorena Transport Tbk (LRNA) tidak melanjutkan kerjasama dengan PT Transjakarta sebagai operator bus. Hal itu karena jarak tempuh LRNA per hari tidak pernah mencapai target. Dari target pendapatan sebesar Rp 23,2 miliar pada 2018 lalu, realisasinya tidak sampai setengahnya atau hanya sebesar Rp 10,21 miliar. PT Plaza Indonesia Realty Tbk (PLIN) akan membagikan dividen tunai Rp 588 per saham. Dividen ini merupakan bagian dari laba tahun buku 2018 dan saldo laba PLIN tahun-tahun sebelumnya. PT Intergra Indocabinet Tbk (WOOD) memperoleh untung di tengah perang dagang yang semakin membara. Perusahaan asal Amerika Serikat mengalihkan ordernya ke negara Asean seperti Indonesia.Sampai saat ini permintaan AS ke produk WOOD terus meningkat. PT Kioson Komersial Indonesia Tbk (KIOS) telah merealisasikan pembukaan 10.000 outlet baru dalam tiga bulan pertama 2019. Realisasi tersebut menyebabkan kewajiban ekspansi outlet mereka dalam sembilan bulan berikutnya menjadi lebih ringan. PT Aneka Gas industri (AGII), sudah mengantongi proyek baru dari perusahaan sawit. Proyek ini akan direalisasikan di tahun 2020.
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 : BUY Entry Buy : 4.140 – 4.210 Target Price : 4.390 – 4.450 Support : 4.100 – 4.140 Cutloss : 4.090
DAILY TECHNICAL
AKRA Hentikan Penjualan BBM Bersubsidi Badan Pengatur Hilir Minyak dan Gas Bumi menyebutkan bahwa AKR Corporindo Tbk (AKRA) menghentikan penjualan bahan bakar minyak bersubsidi akibat aturan formula harga yang dianggap menekan perseroan. Dua stasiun pengisian bahan bakar umum (SPBU) milik AKRA tidak lagi menjual produk solar bersubsidi. Kedua stasiun tersebut adalah Stasiun Pengisian Bahan Bakar Nelayan (SPBN) AKR Lempasing dan Stasiun Pengisian Bahan Bakar Kendaraan Bermotor (SPBKB) AKR di Katibung, Lampung Selatan yang telah menghentikan sementara penjualan solar subsidi sejak 12 Mei 2019.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 4.390 Apabila break 4.390 next harga ke level 4.450. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 4.090 jika sudah melewati support 4.100 – 4.140.
|AKRA |PE : 20.95x | PBV : 1.66x | ROE: 7.93% | NPM : 4.0% | DER : 0.86x | Fair Value : 4.700|
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Golden Cross Volume : Meningkat
Recommendation : BUY Entry Buy : 1.430 – 1.450 Target Price : 1.490 – 1.520 Support : 1.410 – 1.430 Cutloss : 1.405
DAILY TECHNICAL
PT Indika Energy Tbk (INDY) Memacu Proyek Non-Batubara Dalam jangka lima tahun ke depan, PT Indika Energy Tbk (INDY) menargetkan pendapatan dari bisnis non batubara bakal berkontribusi 25% dari total pendapatan, oleh karena itu mereka terus mendiversifikasi bisnis. Salah satunya dengan merambah ke bisnis pembangkit listrik tenaga uap (PLTU) Cirebon unit II melalui anak usahanya yakni PT Cirebon Electric Power. Head of Corporate Communication INDY, Leonardus Herwindo menjelaskan pengerjaan proyek PLTU Cirebon II saat ini berjalan sesuai rencana. Hingga Mei 2019, pengerjaan konstruksi telah mencapai 27%, sementara progres secara keseluruhan telah mencapai 45%.
Harga menguji resistance terdekat. Harga berpeluang menguat dengan menguji target harga 1.490. Jika tembus next target 1.520. Apabila tidak mampu menguji atau bertahan di atas 1.490 diharapkan hati-hati. Batasi resiko dengan tetap memperhatikan support 1.410 – 1.430. Cutloss di level 1.405 jika sudah melewati support.
|INDY |PE : 11.34x | PBV : 0.47x | ROE: 4.15% | NPM : 1.66% | DER : 2.34x | Fair Value : 2.000|
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat Tipis
Recommendation : BUY Entry Buy : 5.750 – 5.825 Target Price : 5.950 – 6.025 Support : 5.675 – 5.750 Cutloss : 5.650
DAILY TECHNICAL
1,1 Juta Pemudik dengan Mobil Telah Kembali ke Jakarta Lima hari setelah Lebaran atau Selasa (11/6/2019) kemarin, PT Jasa Marga (Persero) Tbk mencatat sudah 1.106.896 atau 91 persen kendaraan roda empat yang telah kembali ke Jakarta dari total 1,21 juta kendaraan yang meninggalkan Jakarta selama H-7 hingga H-1 Lebaran. "Sehingga terdapat sisa 9 persen atau sebanyak 109 ribu kendaraan yang masih belum melakukan perjalanan ke Jakarta, Jumlah kendaraan yang sudah menuju Jakarta dalam lima hari tersebut naik sebesar 59,53 persen dari lalu lintas harian rata-rata (LHR) normal sebesar 693.862 kendaraan
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang menguji level 5.950. Apabila break 5.950 next harga ke level 6.025. Hati-hati jika harga tidak mampu tembus 5.950 atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 5.650 jika sudah melewati support 5.675 – 5.750.
|JSMR|PE : 18.09x | PBV : 2.03x | ROE: 11.24% | NPM : 7.65% | DER : 3.14x | Fair Value : 6.100|
Souce: OSO Research Team
BUY
NOTE:
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SECTOR ROTATION Mingguan
Bulanan
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OSODaily 13 Juni 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 3,400 - 42.26 3.58 52.78 4.88 1.13 5.21 98.23 2,895 -15% Sell
CPIN IJ Equity 5,075 3.15 (29.76) 4.12 19.08 11.83 16.10 23.71 22.95 4,942 -3% Sell
INKP IJ Equity 7,050 (7.24) (38.96) 0.70 5.35 2.46 6.03 14.02 113.83 11,300 60% Buy
INTP IJ Equity 20,650 0.49 11.92 3.22 59.45 30.36 4.55 5.28 0.50 20,143 -2% Sell
SMGR IJ Equity 11,600 (3.13) 0.87 2.20 23.45 9.79 4.60 9.69 30.13 14,240 23% Buy
TKIM IJ Equity 10,225 (10.70) (7.88) 1.74 9.08 16.67 8.79 21.17 120.71 13,000 27% Buy
TPIA IJ Equity 5,025 0.50 (15.19) 3.53 49.93 16.45 4.18 7.14 34.35 4,506 -10% Sell
WSBP IJ Equity 398 (1.00) 5.85 1.19 11.66 6.34 6.05 11.05 69.31 487 22% Buy
Industry Average in LQ45 2.54 28.85 12.35 6.43 12.16 61.25
Total of Industry Average 1.68 31.30 13.12 2.91 4.09 101.08
SECTOR CONSUMER GOODS
GGRM IJ Equity 79,775 (0.28) (4.60) 3.23 18.59 10.92 12.80 18.03 38.38 92,804 16% Buy
HMSP IJ Equity 3,380 - (8.89) 10.17 28.57 21.64 25.33 36.38 0.33 4,081 21% Buy
ICBP IJ Equity 10,150 - (2.87) 5.13 25.16 15.48 13.09 21.56 9.06 10,953 8% Hold
INDF IJ Equity 7,025 (0.35) (5.70) 1.75 14.25 5.21 4.53 12.81 59.18 8,045 15% Buy
KLBF IJ Equity 1,450 (0.68) (4.61) 4.47 27.60 18.42 13.50 16.93 2.34 1,506 4% Hold
UNVR IJ Equity 45,000 1.58 (0.88) 37.89 38.08 26.30 42.66 112.21 20.26 45,439 1% Hold
Industry Average in LQ45 10.44 25.37 16.33 18.65 36.32 21.59
Total of Industry Average 5.38 28.41 18.95 8.81 15.78 44.92
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2,900 (1.36) 46.46 1.68 130.48 3.36 (5.68) (16.26) 125.77 3,392 17% Buy
JSMR IJ Equity 5,825 2.19 36.10 2.42 19.18 6.62 2.58 13.30 157.26 6,303 8% Buy
PGAS IJ Equity 1,985 (0.75) (6.37) 1.28 11.67 2.40 4.15 9.84 109.43 2,588 30% Buy
TLKM IJ Equity 3,940 2.17 5.07 3.71 21.07 6.33 8.70 18.19 37.58 4,237 8% Hold
Industry Average in LQ45 2.27 45.60 4.68 2.44 6.27 107.51
Total of Industry Average 2.86 50.01 13.09 (3.82) (1.95) 131.06
Source: Bloomber LP
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OSODaily 13 Juni 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 1,285 0.39 5.76 0.77 6.25 2.26 6.70 12.63 32.95 1,729 35% Buy
AKRA IJ Equity 4,210 5.25 (1.86) 1.97 23.48 13.18 4.85 10.75 42.61 5,700 35% Buy
ANTM IJ Equity 785 (1.26) 2.61 0.95 23.57 6.89 2.47 4.14 50.26 1,121 43% Buy
ELSA IJ Equity 352 (0.56) 2.33 0.76 9.13 3.19 5.09 8.66 24.89 700 99% Buy
INCO IJ Equity 2,940 0.34 (9.82) 1.10 60.69 12.13 1.56 1.82 1.94 3,538 20% Buy
INDY IJ Equity 1,450 4.32 (8.52) 0.55 16.00 1.03 0.89 3.44 129.53 2,450 69% Buy
ITMG IJ Equity 17,100 0.59 (15.56) 1.54 5.41 2.91 17.14 28.17 - 23,767 39% Buy
MEDC IJ Equity 780 (0.64) 13.87 0.78 9.06 1.60 (0.88) (3.52) 202.38 1,043 34% Buy
PTBA IJ Equity 2,880 (1.71) (33.02) 1.76 6.44 4.63 19.44 29.25 5.12 4,134 44% Buy
Industry Average in LQ45 1.13 17.78 5.31 6.36 10.59 54.41
Total of Industry Average 2.65 18.34 233.96 4.04 5.30 94.92
SECTOR MISC INDUSTRY
ASII IJ Equity 7,500 (1.64) (8.81) 2.14 13.85 7.91 6.60 16.18 49.27 8,638 15% Buy
SRIL IJ Equity 338 (1.17) (5.59) 0.89 6.74 2.50 5.27 13.85 139.64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1.52 10.30 5.20 5.94 15.02 94.46
Total of Industry Average 2.64 18.48 5.65 3.29 (2.45) 94.72
SECTOR PROPERTY
ADHI IJ Equity 1,535 - (3.15) 0.86 8.46 2.95 2.26 10.53 136.09 2,115 38% Buy
BSDE IJ Equity 1,355 (1.81) 7.97 0.96 17.14 9.74 2.98 5.72 46.06 1,617 19% Buy
PTPP IJ Equity 2,020 (2.42) 11.91 0.97 8.24 4.15 3.22 12.42 74.03 2,769 37% Buy
PWON IJ Equity 750 - 20.97 2.71 13.37 10.36 10.95 22.32 36.44 769 3% Hold
WIKA IJ Equity 2,340 (1.27) 41.39 1.39 11.36 4.94 3.41 13.23 78.93 2,719 16% Buy
WSKT IJ Equity 1,870 (2.09) 11.31 1.36 8.04 3.58 2.63 18.45 224.10 2,264 21% Buy
Industry Average in LQ45 1.37 11.10 5.95 4.24 13.78 99.28
Total of Industry Average 2.39 56.31 13.27 4.39 10.15 50.62
Source: Bloomber LP
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OSODaily 13 Juni 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 1,325 (0.38) (39.77) 0.81 6.00 2.93 6.01 16.15 88.81 1,519 15% Buy
LPPF IJ Equity 3,650 (2.67) (34.82) 5.75 10.74 5.95 18.60 45.60 - 5,242 44% Buy
MNCN IJ Equity 1,235 0.82 78.99 1.51 8.60 4.62 11.24 18.61 42.22 1,306 6% Hold
SCMA IJ Equity 1,690 1.81 (9.63) 5.00 16.20 11.33 24.66 33.18 0.33 2,173 29% Buy
UNTR IJ Equity 26,775 0.28 (2.10) 1.78 8.58 4.15 11.57 22.26 17.95 33,580 25% Buy
Industry Average in LQ45 2.97 10.02 5.80 14.42 27.16 29.86
Total of Industry Average 6.98 44.52 21.69 0.73 2.62 64.30
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 29,225 (1.10) 12.40 4.54 27.28 88.15 1.40 6.58 6.30 28,452 -3% Sell
BBRI IJ Equity 4,210 (0.47) 15.03 2.67 15.54 90.10 2.27 7.34 64.57 4,547 8% Hold
BBNI IJ Equity 8,600 0.29 (2.27) 1.41 10.38 92.85 1.90 5.44 82.33 10,200 19% Buy
BBTN IJ Equity 2,580 0.78 1.57 1.11 9.61 103.45 2.82 4.00 188.00 2,764 7% Hold
BMRI IJ Equity 7,875 - 6.78 1.93 13.93 100.47 2.75 5.50 56.75 8,679 10% Buy
Industry Average in LQ45 2.33 15.35 95.00 2.23 5.77 79.59
Total of Industry Average 2.08 31.33 110.08 3.13 7.95 83.43
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
ADHI IJ Equity 1,535 (3.2) Negatif Trading Positif 1,360 1,475 1,590 1,535 1,520 1,505 1,550 1,565 1,480 Hold
ADRO IJ Equity 1,285 5.8 Negatif Trading Positif 1,170 1,255 1,335 1,280 1,260 1,250 1,290 1,310 1,230 Hold
AKRA IJ Equity 4,210 (1.9) Positif Trading Positif 3,820 4,045 4,275 4,100 3,970 3,850 4,220 4,350 3,790 Speculative Buy
ANTM IJ Equity 785 2.6 Negatif Trading Positif 665 730 790 795 775 765 805 825 750 Hold
ASII IJ Equity 7,500 (8.8) Negatif OverBought Positif 6,625 7,150 7,675 7,500 7,450 7,375 7,575 7,625 7,275 Sell
BBCA IJ Equity 29,225 12.4 Negatif OverBought Positif 26,125 27,975 29,825 29,250 29,025 28,850 29,425 29,650 28,425 Sell
BBNI IJ Equity 8,600 (2.3) Negatif Trading Positif 8,025 8,475 8,925 8,575 8,525 8,450 8,650 8,700 8,325 Hold
BBRI IJ Equity 4,210 15.0 Negatif OverBought Positif 3,630 3,980 4,330 4,190 4,170 4,150 4,210 4,230 4,090 Sell
BBTN IJ Equity 2,580 1.6 Negatif OverBought Positif 2,205 2,385 2,560 2,570 2,545 2,520 2,595 2,620 2,480 Sell
BMRI IJ Equity 7,875 6.8 Negatif OverBought Positif 7,100 7,500 7,900 7,875 7,850 7,775 7,950 7,975 7,650 Sell
BRPT IJ Equity 3,400 42.3 Positif Oversold Negatif 3,325 3,715 4,100 3,395 3,360 3,315 3,440 3,475 3,265 Speculative Buy
BSDE IJ Equity 1,355 8.0 Negatif Trading Positif 1,125 1,265 1,400 1,370 1,345 1,320 1,395 1,420 1,300 Hold
CPIN IJ Equity 5,075 (29.8) Negatif Trading Positif 4,225 4,710 5,200 5,025 4,860 4,710 5,175 5,350 4,640 Hold
ELSA IJ Equity 352 2.3 Negatif Trading Positif 329 348 366 352 349 346 355 358 340 Hold
ERAA IJ Equity 1,325 (39.8) Negatif Trading Positif 955 1,105 1,255 1,345 1,280 1,250 1,375 1,440 1,230 Hold
EXCL IJ Equity 2,900 46.5 Negatif OverBought Positif 2,520 2,790 3,065 2,930 2,880 2,810 3,000 3,050 2,770 Sell
GGRM IJ Equity 79,775 (4.6) Negatif Trading Positif 76,900 80,350 83,775 79,825 79,450 79,025 80,250 80,625 77,850 Hold
HMSP IJ Equity 3,380 (8.9) Negatif Trading Positif 3,175 3,355 3,530 3,400 3,325 3,300 3,425 3,500 3,250 Hold
ICBP IJ Equity 10,150 (2.9) Negatif OverBought Positif 9,325 9,675 10,025 10,150 10,075 10,000 10,225 10,300 9,850 Sell
INCO IJ Equity 2,940 (9.8) Negatif Trading Positif 2,425 2,705 2,990 2,965 2,885 2,855 2,995 3,075 2,810 Hold
INDF IJ Equity 7,025 (5.7) Negatif OverBought Positif 5,925 6,475 7,000 7,050 7,000 6,925 7,125 7,175 6,825 Sell
INDY IJ Equity 1,450 (8.5) Positif Trading Positif 1,175 1,385 1,600 1,425 1,380 1,340 1,465 1,510 1,320 Speculative Buy
INKP IJ Equity 7,050 (39.0) Negatif Trading Positif 5,250 6,525 7,800 7,325 7,025 6,675 7,675 7,975 6,575 Hold
source: Bloomberg Lp
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OSODaily 13 Juni 2019
TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
INTP IJ Equity 20,650 11.9 Negatif Trading Positif 17,650 19,575 21,525 20,475 20,300 20,025 20,750 20,925 19,725 Hold
ITMG IJ Equity 17,100 (15.6) Negatif Oversold Positif 16,250 17,200 18,125 17,050 16,950 16,825 17,175 17,275 16,575 Speculative Buy
JSMR IJ Equity 5,825 36.1 Negatif Trading Positif 5,075 5,475 5,875 5,775 5,700 5,625 5,850 5,925 5,525 Hold
KLBF IJ Equity 1,450 (4.6) Negatif Trading Positif 1,250 1,385 1,520 1,445 1,425 1,415 1,455 1,475 1,390 Hold
LPPF IJ Equity 3,650 (34.8) Negatif Trading Positif 3,585 3,765 3,940 3,700 3,630 3,570 3,760 3,830 3,515 Hold
MEDC IJ Equity 780 13.9 Negatif Trading Positif 720 775 825 785 775 770 790 800 755 Hold
MNCN IJ Equity 1,235 79.0 Negatif Strong Sell Positif 775 1,000 1,220 1,230 1,210 1,190 1,250 1,270 1,170 Sell
PGAS IJ Equity 1,985 (6.4) Negatif Trading Positif 1,825 2,000 2,175 1,995 1,970 1,960 2,005 2,030 1,930 Hold
PTBA IJ Equity 2,880 (33.0) Positif Oversold Positif 2,665 2,965 3,265 2,905 2,870 2,835 2,940 2,975 2,790 Buy
PTPP IJ Equity 2,020 11.9 Negatif Trading Positif 1,680 1,930 2,180 2,045 2,020 1,995 2,070 2,095 1,965 Hold
PWON IJ Equity 750 21.0 Negatif OverBought Positif 605 670 735 750 735 715 770 785 705 Sell
SCMA IJ Equity 1,690 (9.6) Negatif Trading Positif 1,430 1,590 1,750 1,675 1,655 1,630 1,700 1,720 1,605 Hold
SMGR IJ Equity 11,600 0.9 Negatif Trading Positif 10,150 11,100 12,075 11,700 11,425 11,250 11,875 12,150 11,075 Hold
SRIL IJ Equity 338 (5.6) Negatif Trading Positif 322 336 349 340 337 336 341 344 330 Hold
TKIM IJ Equity 10,225 (7.9) Negatif OverBought Positif 4,400 7,825 11,250 10,775 10,150 9,450 11,475 12,100 9,300 Sell
TLKM IJ Equity 3,940 5.1 Negatif OverBought Positif 3,465 3,755 4,045 3,905 3,855 3,795 3,965 4,015 3,735 Sell
TPIA IJ Equity 5,025 (15.2) Positif Trading Negatif 4,745 5,100 5,475 4,975 4,925 4,800 5,100 5,150 4,730 Hold
UNTR IJ Equity 26,775 (2.1) Negatif Trading Positif 23,750 25,475 27,225 26,525 26,150 25,825 26,850 27,225 25,425 Hold
UNVR IJ Equity 45,000 (0.9) Negatif Trading Positif 41,225 43,225 45,225 44,600 44,200 43,700 45,100 45,500 43,050 Hold
WIKA IJ Equity 2,340 41.4 Negatif OverBought Positif 1,845 2,140 2,440 2,340 2,320 2,300 2,360 2,380 2,265 Sell
WSBP IJ Equity 398 5.9 Negatif Trading Positif 359 389 420 401 397 395 403 407 389 Hold
WSKT IJ Equity 1,870 11.3 Negatif Trading Positif 1,630 1,805 1,980 1,885 1,860 1,845 1,900 1,925 1,815 Hold
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR
Event Country Act Prev Cons
12-Jun-19 Japan, Machinery Orders YoY APR JPY 2.50% -0.7%
Japan, Machinery Orders MoM APR JPY 5.20% 3.8%
Japan, PPI MoM MAY JPY -0.10% 0.30%
Japan, PPI YoY MAY JPY 0.70% 1.20%
China, Inflation Rate YoY MAY CNY 2.70% 2.50%
China, Inflation Rate MoM MAY CNY 0% 0.1%
China, PPI YoY MAY CNY 0.60% 0.9%
Indonesia, Consumer Confidence MAY IDN 128.2 128.1
US Inflation Rate YoY MAY USD 1.80% 2%
US Inflation Rate MoM MAY USD 0.10% 0.3%
US EIA Crude Oil Stocks Change 07/JUN USD 2.206M
US EIA Gasoline Stocks Change 07/JUN USD 0.764M
13-Jun-19 Japan, Foreign Bond Investment JUN/08 JPY
Japan, Stock Investment by Foreigners JUN/08 JPY
Japan, BSI Large Manufacturing QoQ Q2 JPY -7.3
US Continuing Jobless Claims JUN/01 USD
US Export Prices YoY MAY USD 0.3%
US Export Prices MoM MAY USD 0.2%
US Import Prices YoY MAY USD -0.2%
US Import Prices MoM MAY USD 0.2%
US Initial Jobless Claims JUN/08 USD
US EIA Natural Gas Stocks Change 07/JUN USD
14-Jun-19 China, Fixed Asset Investment (YTD) YoY MAY CNY 6.1%
China, Industrial Production YoY MAY CNY 5.4%
China, Retail Sales YoY MAY CNY 7.2%
China, New Yuan Loans MAY CNY CNY1020B
China, Total Social Financing MAY CNY CNY2097B
Japan, Capacity Utilization MoM APR JPY -0.4%
Japan, Industrial Production YoY Final APR JPY -4.3%
Japan, Industrial Production MoM Final APR JPY -0.6%
Indonesia, Motorbike Sales YoY MAY USD -0.2%
Indonesia, Retail Sales YoY APR USD 10.1%
US Retail Sales MoM MAY USD 3.1%
US Retail Sales YoY APR USD 3.1%
US Manufacturing Production MoM MAY USD
US Manufacturing Production YoY MAY USD -0.2%
US Business Inventories MoM APR USD 0%
Source: Bloomberg Lp
https://tradingeconomics.com/japan/machinery-ordershttps://tradingeconomics.com/japan/machinery-ordershttps://tradingeconomics.com/japan/producer-priceshttps://tradingeconomics.com/japan/producer-prices-changehttps://tradingeconomics.com/china/inflation-cpihttps://tradingeconomics.com/china/inflation-rate-momhttps://tradingeconomics.com/china/producer-prices-changehttps://tradingeconomics.com/indonesia/consumer-confidencehttps://tradingeconomics.com/united-states/inflation-cpihttps://tradingeconomics.com/united-states/inflation-rate-momhttps://tradingeconomics.com/united-states/crude-oil-stocks-changehttps://tradingeconomics.com/united-states/gasoline-stocks-change
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CORPORATE ACTION RUPS
Date Time Company Event Place
12-Jun-19 9:30 MBAP RUPSLB 10:00 AGII RUPS UGM Samator Gedung B 10:00 LRNA RUPS Zest Hotel International 10:00 OCAP RUPSLB Deutsche Bank Building Lt 15
13-Jun-19 10:00 PCAR RUPS Hotel Noormans 14:00 HDFA RUPSLB Gedung Blugreen Boutique Office
14:00 PEGE RUPS BEI Tower II Lantai 1
14-Jun-19 9:00 PBSA RUPSLB 10:00 ATPK RUPS Hotel Amaris Tebet 10:00 BMSR RUPSLB Gedung Graha BIP 10:00 POOL RUPSLB BEI Tower II Lantai 1 13:30 POLA RUPSLB BEI Tower II Lantai 1
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Bali Bintang Sejahtera Tbk Buana Capital Sekuritas 17 - 21 Mei 2019 17-Jun-19 175 2,000
Communication Cable Systems Tbk UOB Kay Hian Sekuritas 11 - 12 Juni 2019 18-Jun-19 250 200
Indonesian Tobacco Tbk Phillip Sekuritas 25 Juni - 1 Juli 2019 4-Jul-19 180 - 230 274
Arkha Jayanti Persada Tbk UOB Kay Hian Sekuritas TBA TBA 275 - 300 500
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Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
CPIN Cash Dividen 10-Jun-19 11-Jun-19 12-Jun-19 18-Jun-19 118 IMPC Cash Dividen 10-Jun-19 11-Jun-19 12-Jun-19 26-Jun-19 10 JSPT Cash Dividen 10-Jun-19 11-Jun-19 12-Jun-19 26-Jun-19 19 MICE Cash Dividen 10-Jun-19 11-Jun-19 12-Jun-19 26-Jun-19 10 TALF Cash Dividen 10-Jun-19 11-Jun-19 12-Jun-19 26-Jun-19 6 TSPC Cash Dividen 10-Jun-19 11-Jun-19 12-Jun-19 26-Jun-19 40 DYAN Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 26-Jun-19 2
GHON Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 27-Jun-19 13 PSSI Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 26-Jun-19 7 RALS Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 27-Jun-19 60 RANC Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 27-Jun-19 7 SMSM Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 25-Jun-19 10
SPTO Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 27-Jun-19 38
TIFA Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 27-Jun-19 7 TLKM Cash Dividen 11-Jun-19 12-Jun-19 13-Jun-19 27-Jun-19 163 INDR Cash Dividen 12-Jun-19 13-Jun-19 14-Jun-19 28-Jun-19 340 JTPE Cash Dividen 12-Jun-19 13-Jun-19 14-Jun-19 27-Jun-19 30
MPMX Cash Dividen 12-Jun-19 13-Jun-19 14-Jun-19 28-Jun-19 480 MTDL Cash Dividen 12-Jun-19 13-Jun-19 14-Jun-19 27-Jun-19 25 PBID Cash Dividen 12-Jun-19 13-Jun-19 14-Jun-19 25-Jun-19 50
SKRN Cash Dividen 12-Jun-19 13-Jun-19 14-Jun-19 27-Jun-19 25 AKPI Cash Dividen 13-Jun-19 14-Jun-19 17-Jun-19 21-Jun-19 12 BFIN Cash Dividen 13-Jun-19 14-Jun-19 17-Jun-19 28-Jun-19 49 BISI Cash Dividen 13-Jun-19 14-Jun-19 17-Jun-19 24-Jun-19 100 LSIP Cash Dividen 13-Jun-19 14-Jun-19 17-Jun-19 27-Jun-19 19 NELY Cash Dividen 13-Jun-19 14-Jun-19 17-Jun-19 28-Jun-19 6
ICBP Cash Dividen 14-Jun-19 17-Jun-19 18-Jun-19 4-Jul-19 137 INDF Cash Dividen 14-Jun-19 17-Jun-19 18-Jun-19 8-Jul-19 171 KINO Cash Dividen 14-Jun-19 17-Jun-19 18-Jun-19 28-Jun-19 32
Source: KSEI and OSO Research Team
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OSODaily 13 Juni 2019
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Rifqiyati Research Analyst +62 21 2991 5300 (Rifqiyati @oso-securities.com)
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Mochammad Cahyo Research Analyst +62 21 2991 5300 ([email protected])
Michelle Abadi Research Associate +62 21 2991 5300 ([email protected])
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the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities
and issuers; and
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