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OSODaily 09 Desember 2019
ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX
6,186.87 34.75
0.56%
Previous 6,152.12 Lowest
6,145.12 Highest 6,186.87 Val IDR bn
7.152
Volbn 14.895 Mkt Cap IDRtr
7,079.47 Net Forg 1DIDRbn 774.55 Net ForgYTDIDRbn
41,147.20
Return YTD (%) (0.12) Month to date (%)
2.91
Indices
Last Chg% YTD% Americas
Dow Jones United States 28,015.06 1.22 20.09 S&P 500 United States 3,145.91 0.91 25.49 Nasdaq United States 8,656.53 1.00 30.46 EIDO United States 25.02 0.36 0.81 EMEA
FTSE 100 United Kingdom 7,239.66 1.43 7.60
CAC 40 France 5,871.91 1.21 24.12 D DAX Germany 13,166.58 0.86 24.70
Asia Pacific
Nikkei Japan 23,354.40 0.25 16.98 Shanghai China 2,899.47 0.43 16.77 TWSE Taiwan 11,594.65 0.13 19.35 KOSPI Korea 2,081.85 0.30 2.30 KLSE Malaysia 1,563.58 0.31 (7.22) ST – Times Singapore 3,174.19 0.65 4.10 Sensex India 40,779.59 (0.82) 12.13 Hangseng Hongkong 26,217.04 1.07 2.53
Sectoral Previous Last Chg% YTD% AGRICULTURE 1,396.60 1,434.35 2.70 (8.31) MINING 1,481.13 1,474.40 (0.45) (17.01) MISC INDUSTRY 1,190.35 1,201.07 0.90 (13.87) BASIC INDUSTRY 968.48 979.83 1.17 14.64 CONSUMER GOODS 2,035.58 2,055.19 0.96 (20.01) PROPERTY 499.79 510.21 2.08 13.95 INFRASTRUKTUR 1,139.43 1,137.75 (0.15) 6.90 FINANCE 1,294.83 1,298.19 0.26 10.42 MANUFAKTURE 1,443.48 1,458.26 1.02 (9.88) TRADE 765.04 766.20 0.15 (2.26) LQ 45 986.36 992.52 0.62 1.00
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 58.43 59.20 1.32 29.60 Gold (USD tr.oz) 1,476.05 1,460.16 (1.08) 13.91 Nickel (USD/mtrc ton) 13,275.00 13,475.00 1.51 26.05 Tin (USD/mtrc ton) 16,800.00 17,075.00 1.64 (12.32) Copper (USD/mtrc ton) 5,888.00 5,990.00 1.73 0.42 CPO (MYR/ton) 2,715.00 2,757.00 1.55 37.57 Coal (USD/ton) 67.55 67.55 - (34.10)
Currencies
Last Chg% YTD% IDR / USD
14,038.00 0.48 2.51
IDR / AUD
9,608.70 0.10 5.80 IDR / EUR
15,592.47 0.26 5.48
IDR /SGD
10,321.49 0.15 2.26 IDR / JPY
129.24 0.61 1.08
IDR / GBP
18,436.62 (0.18) (0.64) Global Macro Economics CB Rate CPI YoY GDP YoY United States 1.75 1.80 2.10 Euro Area 0.00 1.00 1.20 United Kingdom 0.75 1.50 1.00 Japan 0.10 0.20 1.30 China 4.35 3.80 6.00 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 6.51 (0.15) (17.66) GovBonds (10y) 7.11 (0.18) (11.39)
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 7.11 6.88 6.88 15 Year 7.57 7.57 7.57 20 Year 7.56 7.56 7.56 30 Year 7.74 7.74 7.74
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan akhir pekan kemarin (06/12) IHSG ditutup menguat sebesar 0.56% ke level 6,186.87. Delapan dari sepuluh indeks sektoral kompak ditutup dalam zona hijau, dimana sektor perkebunan dan properti memimpin penguatan masing-masing sebesar 2.7% dan 2.2%. Adapun saham yang menjadi penggerak indeks diantaranya ; HMSP, BBCA, TLKM, BRPT, BNLI. Pelaku pasar asing membukukan aksi beli bersih (Netbuy) senilai Rp 774 miliar. Nilai tukar rupiah terapresiasi sebesar 0.48% ke level 14.038.
Global Review Pada perdagangan Jum'at (06/12) bursa saham Wall Street kompak ditutup dalam zona hijau, dimana Dow Jones naik 1.22%, disusul Nasdaq dan S&P 500 yang menguat masing-masing sebesar 1% dan 0.91%. Penguatan tersebut terderong oleh beberapa faktor diantaranya adalah data ekonomi AS yang positif pada bulan November kemarin, tercatat data lapangan pekerjaan AS bulan November bertambah sebanyak 266 ribu angka ini merupakan yang terbesar selama.10 bulan terakhir. Selain itu data pengangguran AS juga tercatat turun dimana saat ini berada di level 3.5% dari sebelumnya sebesar 3.6%. Sementara itu pernyataan dari pemerintah AS yang menyebut perundingan dagang dengan China hijgga saat ini berjalan baik, nyatanya mampu menenangkan pasar meskipun nantinya tarif baru barang impor China akan berlaku pada 15 Desember mendatang.
JCI Prediction
IHSG ditutup menguat sebesar 0.56% ke level 6.186. IHSG ditutup bullish candle. Adapun indikator Stochastic bullish dan MACD Histogram bergerak positif dengan Volume meningkat. Kami perkirakan IHSG berpeluang lanjutkan penguatan dengan pergerakan di kisaran 6.132 - 6.245.
Major Economic Release
Foreign Exchange Reserves Indonesia bulan
November 2019 turun menjadi senilai US$
126.6 miliar dari sebelumnya senilai US$
126.7 miliar.
Property Price Index Indonesia kuartal IV
2019 stagnan di level 1.9% (YoY).
Non Farm Payrolls United States bulan
November tercatat sebanyak 266 ribu naik
dari sebelumnya 156 ribu.
Unemployment Rate United States bulan
November turun ke level 3.5% dari
sebelumnya di level 3.6% (YoY).
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OSODaily 09 Desember 2019
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
WSKT IJ Equity
1,420 10.08 (15.48) 19.28 1.94
PTPP IJ Equity
1,575 7.88 (12.74) 9.76 2.07
SCMA IJ Equity
1,300 6.12 (30.48) 19.20 1.48
WIKA IJ Equity
2,000 5.26 20.85 17.94 1.75
INKP IJ Equity
7,950 3.92 (31.17) 43.49 2.51
Top Losers
Last Chg% YTD% MC (T) Beta
PGAS IJ Equity
2,140 (2.73) 0.94 51.88 1.86
ADRO IJ Equity
1,425 (2.40) 17.28 45.58 1.53
BBTN IJ Equity
2,170 (2.25) (14.57) 22.98 2.15
BBRI IJ Equity
4,170 (1.18) 13.93 514.35 1.62
MEDC IJ Equity
735 (0.68) 7.30 13.12 1.77
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
WSKT IJ Equity
1,420 92.6 (15.5) 19.28 1.94
BBRI IJ Equity
4,170 67.2 13.9 514.35 1.62
BRPT IJ Equity
1,415 66.4 196.0 125.95 1.24
ADRO IJ Equity
1,425 62.9 17.3 45.58 1.53
PTPP IJ Equity
1,575 58.7 (12.7) 9.76 2.07
Top Value
Last Value (Bn) YTD% MC (T) Beta
TLKM IJ Equity
4,100 485.8 10.9 406.16 0.81
BBCA IJ Equity
31,975 346.4 23.0 788.34 0.95
BBRI IJ Equity
4,170 303.5 13.9 514.35 1.62
BMRI IJ Equity
7,175 266.3 (2.7) 334.83 1.57
ADRO IJ Equity
1,425 222.9 17.3 45.58 1.53
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific
IHSG
Indonesia 6,187 19.34 2.06 6,100
Nikkei
Japanese 23,354 18.60 1.78 24,877
Shanghai
China 2,912 14.00 1.43 3,319
TWSE
Taiwan 11,610 18.82 1.73 12,227
KOSPI
Korea 2,082 16.18 0.81 2,584
KLSE
Malaysia 1,568 18.06 1.58 1,696
ST - Times
Singapore 3,195 12.10 1.07 3,523
Sensex
India 40,445 28.84 2.92 45,888
Hangseng
Hongkong 26,498 10.33 1.15 31,983
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
HMSP IJ Equity
2080 3.48 (43.94) 242 1.32
BBCA IJ Equity
31975 1.19 22.98 788 0.96
TLKM IJ Equity
4100 0.99 10.88 406 0.81
BRPT IJ Equity
1415 2.91 196.03 126 1.25
BNLI IJ Equity
1255 10.09 100.80 35 0.81
Laggard
Latest Chg% YTD% MC (T) Beta
BBRI IJ Equity
4170 (1.18) 13.93 514 1.62
TCPI IJ Equity
5700 (7.32) (36.13) 29 6.46
PGAS IJ Equity
2140 (2.73) 0.94 52 1.84
ADRO IJ Equity
1425 (2.40) 17.28 46 1.52
ACES IJ Equity
1485 (4.19) (0.34) 25 0.82
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1,343.75 (2.69) (10.97)
Oso Syariah Equity Fund
717.42 (20.07) 46.99
Source: Bloomberg LP & OSO Research Team
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COMPARATION OF JCI PERFORMANCE (SEAG)
SEA
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MACRO ECONOMIC & INDUSTRY NEWS
Bank Indonesia mencatat cadangan devisa Indonesia pada akhir November 2019 sebesar US$ 126,6 miliar, turun
tipis dari bulan sebelumnya yang sebesar US$ 126,7 miliar. BI menilai cadangan devisa tersebut mampu
mendukung ketahanan sektor eksternal serta menjaga stabilitas makroekonomi dan sistem keuangan.
Cadangan devisa China turun US$ 9 miliar atau sekitar Rp 126 triliun (1 US$=Rp 14.000) pada November
2019 menjadi US$ 3,096 triliun. Penurunan cadangan devisa China yang melebihi proyeksi ini menunjukkan China
tetap terkunci dalam negosiasi mengenai perjanjian perdagangan sementara dengan Amerika Serikat.
Moody's Investors Service menurunkan outlook atau proyeksi pertumbuhan bank global karena adanya
perlambatan pertumbuhan, suku bunga rendah dan kondisi bisnis yang tidak stabil. Moody mengubah proyeksi
pertumbuhan di sektor perbankan dari stabil menjadi negatif. Menurut Moody's, ketegangan perdagangan antara
Amerika Serikat (AS) dan China diperkirakan berdampak negatif bagi industri perbankan di kedua negara serta
negara lain yang fokus pada kegiatan ekspor, di mana banyak bank yang membiayai sektor perdagangan.
CORPORATES NEWS PT Japfa Comfeed Indonesia Tbk (JPFA) terus melebarkan sayap produk ekspornya ke pasar Timur Tengah dan
China. Produk yang akan diekspor ke Timur Tengah merupakan daging ayam dan bermacam olahannya. Hal ini
tidak lepas dari arahan Menteri Pertanian yang mengimbau agar JPFA dapat merebut pangsa pasar olahan ayam di
Timur Tengah yang selama ini dikuasai Thailand.
PT Integra Indocabinet Tbk (WOOD) hanya membubuhkan kenaikan pendapatan single digit di kuartal-III 2019.
Sampai triwulan ketiga tahun ini total revenue tercatat sebanyak Rp 1,4 triliun atau hanya naik 2,1% dibandingkan
periode yang sama tahun sebelumnya Rp 1,37 triliun.
PT Sarana Menara Nusantara Tbk (TOWR) akan membagikan dividen interim tunai tahun buku 2019 sebesar Rp 6
per saham. Jika dikalikan jumlah saham ditempatkan dan disetor penuh yang sebanyak 50.269.742.500 saham,
maka total dividennya adalah Rp 301,62 miliar.
PT Adi Sarana Armada Tbk (ASSA) melalui anak usahanya, PT Adi Sarana Logistik membentuk joint venture dengan
PT Semangat Bambu Runcing dan Top Haze Limited pada 29 November silam. Joint venture ini khusus untuk bisnis
e-fulfillment, semacam gudang untuk nantinya mendistribusikan barang-barang dari seller, jadi seller nanti bisa
menitipkan di gudang lebih dulu.
PT Nusantara Almazia Tbk (NZIA) terus ekspansi guna memenuhi kebutuhan rumah dalam negeri. NZIA berencana
membangun 5.800 unit rumah dengan fasilitas likuiditas pembiayaan perumahan (FLPP). Rumah bersubsidi ini akan
dibangun NZIA dalam kurun waktu lima tahun.
PT Summarecon Agung Tbk (SMRA) hampir menembus target marketing sales sebesar Rp4 triliun pada tahun ini.
Sampai dengan akhir November lalu SMRA telah membukukan Rp3,9 triliun. Jumlah itu naik 27,86% atau Rp855
miliar dari realisasi pada Agustus 2019 sebesar Rp3,05 triliun.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 1.170 – 1.200 Target Price : 1.230 – 1.250 Support : 1.165 – 1.170 Cutloss : 1.160
DAILY TECHNICAL
Literasi Adhi Karya - Bubble Deck Slab Slab atau pelat adalah elemen struktur yang berfungsi menyalurkan beban menuju rangka pendukung vertikal. Slab umumnya menggunakan material beton yang menyebabkan bobot menjadi lebih berat. Bobot ini berpengaruh pada efisiensi suatu slab. Ternyata ada jenis slab lain dan lebih ringan, yakni Bubble Deck Slab. Bubble Deck Slab adalah metode yang secara visual menghilangkan semua beton dari tengah lantai slab yang kurang berpengaruh secara struktural. Bola berongga polietilen densitas tinggi ini hadir untuk menggantikan beton yang tidak efektif di pusat pelat tadi. Sehingga dapat mengurangi bobot mati struktur slab dan meningkatkan efisiensi lantai.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.230. Apabila break 1.230 next harga ke level 1.250. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.160 jika sudah melewati support 1.165 – 1.170.
|ADHI|PE : 9.09x | PBV : 0.66x | ROE: 7.18% | NPM : 3.92% | DER : 4.01x | Fair Value : -|
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 1.490 – 1.520 Target Price : 1.555 – 1.585 Support : 1.480 – 1.490 Cutloss : 1.475
DAILY TECHNICAL
BUY |ERAA|PE : 22.03x | PBV : 1.0x | ROE: 4.54% | NPM : 0.70% | DER : 1.02x | Fair Value : -|
Aturan IMEI Berlaku Tahun Depan, Erajaya: Dampaknya Sudah Terasa Pedagang memeriksa nomor identitas ponsel (IMEI) dagangannya. Pemerintah akan mengeluarkan regulasi untuk memblokir ponsel selundupan atau "black market" melalui validasi database nomor indentitas ponsel (IMEI) pada Agustus 2019. ANTARA FOTO/Akbar Nugroho Gumay TEMPO.CO, Jakarta - Pemerintah akan menerapkan aturan International Mobile Equipment Identity alias IMEI ponsel mulai pada 18 April 2020. Menurut Director Marketing and Communication Erajaya Group, dampak dari rencana penerapan IMEI itu sudah mulai terasa.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.555. Apabila break 1.555 next harga ke level 1.585. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.475 jika sudah melewati support 1.480 – 1.490.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 1.960 – 2.000 Target Price : 2.050 – 2.070 Support : 1.955 – 1.960 Cutloss : 1.950
DAILY TECHNICAL
BUY |WIKA|PE : 9.95x | PBV : 0.98x | ROE: 9.83% | NPM : 7.39% | DER : 2.41x | Fair Value : - |
WIKA Gedung Bidik Pertumbuhan Kontrak Baru Dua Digit pada Tahun 2020 PT Wijaya Karya Bangunan Gedung Tbk. membidik pertumbuhan kontrak baru sebesar dua digit pada tahun depan. Sepanjang tahun ini, emiten dengan kode saham WEGE tersebut sebelumnya menargetkan kontrak baru senilai Rp11,98 triliun hingga akhir tahun dengan membidik berbagai proyek pemerintah, BUMN, dan swasta. “Pertumbuhan kontrak baru pada 2020 ditargetkan berkisar 15% hingga 25% dari pencapaian Desember 2019,” ujar Syailendra Ogan, Direktur Keuangan Wijaya Karya Bangunan Gedung pada Rabu (4/12/2019). Seiring dengan kenaikan target pertumbuhan kontrak baru tersebut, perseroan juga berencana meningkatkan alokasi belanja modal atau capital expenditure (capex).
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 2.050. Apabila break 2.050 next harga ke level 2.070. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.950 jika sudah melewati support 1.955 – 1.960.
NOTE:
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Sector Rotation
Mingguan
Bulanan
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OSODaily 09 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 1,415 2.91 196.03 7.35 165.63 13.03 0.60 3.53 98.23 640 -55% Sell
CPIN IJ Equity 6,900 - (4.50) 5.65 31.09 19.30 13.14 19.08 22.95 5,615 -19% Sell
INKP IJ Equity 7,950 3.92 (31.17) 0.75 9.61 3.20 3.57 8.09 113.83 11,300 42% Buy
INTP IJ Equity 20,700 0.73 12.20 3.38 44.39 25.52 6.43 7.58 0.50 20,380 -2% Sell
JPFA IJ Equity 1,585 - (26.28) 1.85 12.02 4.87 6.39 16.10 59.63 1,958 24% Buy
SMGR IJ Equity 12,425 - 8.04 2.36 32.25 9.46 3.48 7.46 30.13 14,536 17% Buy
TKIM IJ Equity 11,650 3.56 4.95 1.81 16.59 19.52 5.01 11.50 120.71 13,000 12% Buy
TPIA IJ Equity 9,800 1.03 65.40 6.95 123.23 41.29 3.21 5.68 34.35 4,733 -52% Sell
Industry Average in LQ45 3.76 54.35 17.02 5.23 9.88 60.04
Total of Industry Average 1.69 25.91 9.38 1.63 (12.15) 101.04
SECTOR CONSUMER GOODS
GGRM IJ Equity 52,800 (0.19) (36.86) 2.15 10.98 6.60 13.37 20.54 38.38 60,911 15% Buy
HMSP IJ Equity 2,080 3.48 (43.94) 7.32 16.68 12.63 28.65 44.36 0.33 2,317 11% Buy
ICBP IJ Equity 11,425 1.56 9.33 5.48 26.34 15.39 13.90 22.21 9.06 12,858 13% Buy
INDF IJ Equity 8,000 1.59 7.38 1.91 14.17 5.53 5.05 14.20 59.18 9,099 14% Buy
KLBF IJ Equity 1,570 0.32 3.29 4.79 28.57 18.80 13.84 17.56 2.34 1,730 10% Buy
UNVR IJ Equity 42,250 0.24 (6.94) 46.69 43.97 28.76 35.85 92.26 20.26 46,457 10% Buy
Industry Average in LQ45 11.39 23.45 14.62 18.44 35.19 21.59
Total of Industry Average 4.67 25.13 11.96 8.78 4.37 54.55
SECTOR INFRASTRUCTURE
EXCL IJ Equity 3,400 1.49 71.72 1.89 130.48 3.56 (4.39) (13.14) 125.77 4,053 19% Buy
JSMR IJ Equity 5,175 (0.48) 20.91 2.08 19.52 5.81 2.28 11.28 157.26 6,616 28% Buy
PGAS IJ Equity 2,140 (2.73) 0.94 1.46 17.58 3.06 3.09 7.33 109.43 2,466 15% Buy
TLKM IJ Equity 4,100 0.99 10.88 4.04 19.85 6.12 9.65 21.31 37.58 4,755 16% Buy
Industry Average in LQ45 2.37 46.86 4.64 2.66 6.69 107.51
Total of Industry Average 2.47 30.03 11.17 (2.96) (2.38) 131.60
Source: Bloomber LP
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OSODaily 09 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 1,425 (2.40) 17.28 0.86 6.51 2.93 7.10 13.60 32.95 1,498 5% Hold
AKRA IJ Equity 3,770 - (12.12) 1.85 20.94 11.55 4.57 11.23 42.61 4,647 23% Buy
ANTM IJ Equity 810 0.62 5.88 0.97 24.05 8.42 2.46 4.12 50.26 1,202 48% Buy
INCO IJ Equity 3,170 1.93 (2.76) 1.17 381.74 17.75 0.25 0.29 1.94 4,062 28% Buy
INDY IJ Equity 1,100 0.46 (30.60) 0.45 #N/A N/A 1.00 (1.10) (4.29) 129.53 2,000 82% Buy
ITMG IJ Equity 10,100 - (50.12) 0.86 4.82 2.65 11.77 17.06 - 13,459 33% Buy
MEDC IJ Equity 735 (0.68) 7.30 0.74 9.06 1.44 (1.14) (5.07) 202.38 970 32% Buy
PTBA IJ Equity 2,550 (0.39) (40.70) 1.66 6.51 4.59 17.59 26.36 5.12 2,725 7% Hold
Industry Average in LQ45 1.07 64.80 6.29 5.19 7.91 58.10
Total of Industry Average 1.64 30.44 9.93 2.66 0.34 94.98
SECTOR MISC INDUSTRY
ASII IJ Equity 6,775 1.12 (17.63) 1.90 13.25 6.96 5.92 14.87 49.27 7,665 13% Buy
SRIL IJ Equity 258 3.20 (27.93) 0.62 4.17 1.65 6.22 15.93 139.64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1.26 8.71 4.30 6.07 15.40 94.46
Total of Industry Average 2.33 467.77 5.73 2.51 19.93 94.41
SECTOR PROPERTY
BSDE IJ Equity 1,255 2.45 - 0.81 7.74 8.26 5.69 11.03 46.06 1,722 37% Buy
CTRA IJ Equity 1,000 1.01 (0.99) 1.25 18.16 7.75 2.94 7.16 50.80 1,359 36% Buy
PTPP IJ Equity 1,575 7.88 (12.74) 0.70 7.74 3.28 2.27 9.37 74.03 2,332 48% Buy
PWON IJ Equity 565 0.89 (8.87) 1.87 9.26 7.63 11.59 22.21 36.44 734 30% Buy
WIKA IJ Equity 2,000 5.26 20.85 1.08 7.66 4.05 3.72 15.29 78.93 2,751 38% Buy
WSKT IJ Equity 1,420 10.08 (15.48) 0.96 12.63 3.47 1.04 7.79 224.10 2,081 47% Buy
Industry Average in LQ45 1.11 10.53 5.74 4.54 12.14 85.06
Total of Industry Average 3.32 14.07 11.87 3.64 7.57 45.96
Source: Bloomber LP
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OSODaily 09 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 1,520 2.01 (30.91) 1.01 13.37 5.03 3.42 8.28 88.81 1,922 26% Buy
LPPF IJ Equity 3,760 0.53 (32.86) 5.85 13.46 6.79 16.19 37.82 - 3,877 3% Hold
MNCN IJ Equity 1,395 0.36 102.17 1.56 7.80 4.73 13.22 21.24 42.22 1,632 17% Buy
SCMA IJ Equity 1,300 6.12 (30.48) 3.53 14.96 10.17 19.59 26.60 0.33 1,507 16% Buy
UNTR IJ Equity 21,325 2.52 (22.03) 1.39 7.26 3.03 9.42 19.84 17.95 25,385 19% Buy
Industry Average in LQ45 2.67 11.37 5.95 12.37 22.76 29.86
Total of Industry Average 6.75 31.54 65.52 0.80 1.00 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 31,975 1.19 22.98 4.66 27.65 88.15 1.40 6.51 6.30 32,508 2% Hold
BBRI IJ Equity 4,170 (1.18) 13.93 2.62 15.33 90.10 2.27 7.24 64.57 4,686 12% Buy
BBNI IJ Equity 7,575 1.68 (13.92) 1.17 8.93 92.85 1.90 5.20 82.33 8,960 18% Buy
BBTN IJ Equity 2,170 (2.25) (14.57) 0.97 17.16 103.45 2.82 3.54 188.00 2,192 1% Hold
BMRI IJ Equity 7,175 - (2.71) 1.70 12.32 100.47 2.75 5.38 56.75 8,570 19% Buy
BTPS IJ Equity 3,940 0.51 119.50 7.56 30.15 454.49 1.39 38.72 149.94 3,978 1% Hold
Industry Average in LQ45 2.22 16.28 95.00 2.23 5.57 79.59
Total of Industry Average 5.10 35.17 110.09 3.09 7.47 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 1,425 17.3 Negatif OverBought Positif 1,225 1,335 1,445 1,440 1,415 1,380 1,475 1,500 1,360 Sell
AKRA IJ Equity 3,770 (12.1) Negatif Trading Positif 3,225 3,585 3,945 3,760 3,725 3,670 3,815 3,850 3,610 Hold
ANTM IJ Equity 810 5.9 Negatif Trading Positif 755 805 855 805 800 780 825 830 770 Hold
ASII IJ Equity 6,775 (17.6) Negatif Trading Positif 6,375 6,575 6,800 6,725 6,650 6,575 6,800 6,875 6,475 Hold
BBCA IJ Equity 31,975 23.0 Negatif Trading Positif 31,100 31,525 31,950 31,825 31,650 31,450 32,025 32,200 30,975 Hold
BBNI IJ Equity 7,575 (13.9) Negatif Trading Negatif 7,300 7,525 7,725 7,550 7,475 7,400 7,625 7,700 7,275 Sell
BBRI IJ Equity 4,170 13.9 Negatif Trading Positif 3,930 4,115 4,295 4,210 4,170 4,130 4,250 4,290 4,070 Hold
BBTN IJ Equity 2,170 (14.6) Negatif OverBought Positif 1,785 2,045 2,305 2,195 2,155 2,115 2,235 2,275 2,080 Sell
BMRI IJ Equity 7,175 (2.7) Negatif Trading Positif 6,800 7,025 7,250 7,175 7,150 7,075 7,250 7,275 6,975 Hold
BRPT IJ Equity 1,415 196.0 Negatif OverBought Positif 915 1,205 1,500 1,390 1,360 1,325 1,425 1,455 1,305 Sell
BSDE IJ Equity 1,255 - Positif Oversold Negatif 1,210 1,330 1,450 1,245 1,225 1,205 1,265 1,285 1,185 Speculative Buy
BTPS IJ Equity 3,940 119.5 Positif Trading Negatif 3,775 3,900 4,030 3,960 3,920 3,860 4,020 4,060 3,800 Hold
CPIN IJ Equity 6,900 (4.5) Negatif Trading Negatif 6,450 6,950 7,475 6,925 6,850 6,725 7,050 7,125 6,625 Sell
CTRA IJ Equity 1,000 (1.0) Negatif Oversold Negatif 970 1,040 1,105 1,005 985 970 1,020 1,040 955 Speculative Buy
ERAA IJ Equity 1,520 (30.9) Negatif Trading Negatif 1,355 1,520 1,680 1,505 1,480 1,440 1,545 1,570 1,420 Sell
EXCL IJ Equity 3,400 71.7 Negatif Trading Negatif 3,270 3,440 3,605 3,375 3,345 3,275 3,445 3,475 3,225 Sell
GGRM IJ Equity 52,800 (36.9) Negatif Trading Positif 49,800 52,675 55,575 52,925 52,450 52,100 53,275 53,750 51,300 Hold
HMSP IJ Equity 2,080 (43.9) Negatif Trading Positif 1,900 2,030 2,155 2,055 2,025 1,995 2,085 2,115 1,965 Hold
ICBP IJ Equity 11,425 9.3 Positif Trading Negatif 11,200 11,375 11,525 11,350 11,275 11,150 11,475 11,550 11,000 Hold
INCO IJ Equity 3,170 (2.8) Negatif Oversold Negatif 2,945 3,255 3,560 3,165 3,130 3,105 3,190 3,225 3,060 Speculative Buy
INDF IJ Equity 8,000 7.4 Positif Trading Negatif 7,750 7,900 8,075 7,950 7,875 7,800 8,025 8,100 7,675 Hold
INDY IJ Equity 1,100 (30.6) Negatif Oversold Negatif 1,050 1,230 1,405 1,105 1,095 1,080 1,120 1,130 1,065 Speculative Buy
INKP IJ Equity 7,950 (31.2) Negatif Trading Negatif 6,700 7,625 8,525 7,850 7,700 7,550 8,000 8,150 7,425 Sell
source: Bloomberg Lp
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OSODaily 09 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 20,700 12.2 Negatif Trading Positif 19,250 20,000 20,750 20,650 20,525 20,375 20,800 20,925 20,075 Hold
ITMG IJ Equity 10,100 (50.1) Negatif Oversold Negatif 9,650 11,575 13,500 10,125 10,025 9,950 10,200 10,300 9,800 Speculative Buy
JPFA IJ Equity 1,585 (26.3) Positif Trading Negatif 1,570 1,650 1,735 1,590 1,565 1,545 1,610 1,635 1,520 Hold
JSMR IJ Equity 5,175 20.9 Negatif Trading Positif 4,720 5,050 5,350 5,175 5,125 5,050 5,250 5,300 4,975 Hold
KLBF IJ Equity 1,570 3.3 Negatif Trading Positif 1,475 1,535 1,595 1,565 1,540 1,525 1,580 1,605 1,500 Hold
LPPF IJ Equity 3,760 (32.9) Negatif Trading Positif 3,455 3,595 3,740 3,765 3,725 3,685 3,805 3,845 3,625 Hold
MEDC IJ Equity 735 7.3 Negatif OverBought Positif 600 675 750 740 735 725 750 755 715 Sell
MNCN IJ Equity 1,395 102.2 Negatif Trading Negatif 1,265 1,380 1,500 1,390 1,370 1,340 1,420 1,440 1,315 Sell
PGAS IJ Equity 2,140 0.9 Negatif OverBought Positif 1,850 1,990 2,125 2,165 2,130 2,085 2,210 2,245 2,055 Sell
PTBA IJ Equity 2,550 (40.7) Negatif Trading Negatif 2,375 2,510 2,645 2,560 2,530 2,480 2,610 2,640 2,445 Sell
PTPP IJ Equity 1,575 (12.7) Negatif Trading Negatif 1,350 1,500 1,655 1,525 1,460 1,390 1,595 1,660 1,370 Sell
PWON IJ Equity 565 (8.9) Negatif Trading Positif 550 575 600 565 560 555 570 575 545 Hold
SCMA IJ Equity 1,300 (30.5) Negatif Trading Negatif 1,155 1,255 1,355 1,270 1,225 1,175 1,320 1,365 1,155 Sell
SMGR IJ Equity 12,425 8.0 Negatif Trading Negatif 11,375 12,225 13,075 12,400 12,250 12,025 12,625 12,775 11,825 Sell
SRIL IJ Equity 258 (27.9) Negatif Oversold Positif 234 259 283 254 250 246 258 262 242 Speculative Buy
TKIM IJ Equity 11,650 5.0 Negatif Trading Negatif 9,275 11,225 13,150 11,450 11,175 10,925 11,700 11,975 10,750 Sell
TLKM IJ Equity 4,100 10.9 Negatif Trading Positif 3,820 4,010 4,200 4,065 4,030 3,985 4,110 4,145 3,925 Hold
TPIA IJ Equity 9,800 65.4 Negatif OverBought Positif 8,900 9,375 9,875 9,750 9,700 9,600 9,850 9,900 9,450 Sell
UNTR IJ Equity 21,325 (22.0) Negatif Trading Negatif 20,275 22,100 23,900 21,075 20,800 20,400 21,475 21,750 20,100 Sell
UNVR IJ Equity 42,250 (6.9) Negatif Trading Positif 41,175 42,325 43,475 42,175 42,025 41,875 42,325 42,475 41,225 Hold
WIKA IJ Equity 2,000 20.8 Negatif Trading Negatif 1,750 1,905 2,060 1,960 1,905 1,850 2,015 2,070 1,820 Sell
WSKT IJ Equity 1,420 (15.5) Negatif Oversold Negatif 1,205 1,380 1,555 1,360 1,295 1,225 1,430 1,495 1,205 Speculative Buy
source: Bloomberg Lp
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OSODaily 09 Desember 2019
MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
6-Dec-19 Japan, Foreign Exchange Reserves NOV JPY $1317.3B $1324.5B
Japan, Leading Economic Index Prel OCT JPY 91.8 91.9 92
Japan, Coincident Index Prel OCT JPY 94.8 101.1 101.5
Indonesia, Foreign Exchange Reserves NOV IDN $126.6B $126.7B
China, Foreign Exchange Reserves NOV CNY $3.096T $3.105T $3.103T
US Non Farm Payrolls NOV USD 266K 156K 180K
US Unemployment Rate NOV USD 3.5% 3.6% 3.6%
US Average Hourly Earnings MoM NOV USD 0.2% 0.4% 0.3%
US Participation Rate NOV USD 63.2% 63.3% 63.3%
US Government Payrolls NOV USD 12K -7K
US Manufacturing Payrolls NOV USD 54K -43K 36K
US Average Hourly Earnings YoY NOV USD 3.1% 3.2% 3%
US Average Weekly Hours NOV USD 34.4 34.4 34.4
US Nonfarm Payrolls Private NOV USD 254K 163K 175K
US Wholesale Inventories MoM OCT USD 0.1% -0.4% 0.2%
9-Dec-19 Japan, GDP Growth Rate QoQ Final Q3 JPY 0.4% 0.2%
Japan, GDP Growth Annualized Final Q3 JPY 1.8% 0.7%
Japan, GDP Capital Expenditure QoQ Final Q3 JPY 0.2% 1.7%
Japan, GDP Price Index YoY Final Q3 JPY 0.4% 0.6%
Japan, GDP External Demand QoQ Final Q3 JPY -0.3% -0.2%
Japan, GDP Private Consumption QoQ Final Q3 JPY 0.6% 0.4%
US Consumer Inflation Expectations NOV USD 2.33%
10-Dec-19 China, Inflation Rate YoY NOV CNY 3.8% 4.3%
China, Inflation Rate MoM NOV CNY 0.9% 0.1%
China, PPI YoY NOV CNY -1.6% -1.5%
Indonesia, Retail Sales YoY OCT IDN 0.7%
US NFIB Business Optimism Index NOV USD 102.4 102.8
US Unit Labour Costs QoQ Final Q3 USD 2.4% 3.6%
US Nonfarm Productivity QoQ Final Q3 USD 2.5% -0.3%
US API Crude Oil Stock Change DEC/06 USD -3.72M
Source: Bloomberg Lp
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OSODaily 09 Desember 2019
CORPORATE ACTION
RUPS
Date Time Company Event Place
9-Dec-19 8:30 SILO RUPSLB Aryaduta Hotel Village Lippo
10:00 BBLD RUPSLB Gedung World Trade Centre Lt 18
14:00 BMRI RUPSLB Jakarta
14:00 CANI RUPSLB Seminar BEI
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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OSODaily 09 Desember 2019
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