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OSODaily 18 Maret 2020

ODAY TOP STOCK TRADED (LQ45)

+++++

JAKARTA COMPOSITE INDEX

4.456,75 (233,91)

-4,99%

Previous 4.690,66 Lowest

4.447,96 Highest 4.698,04 Val IDR bn

6.459

Volbn 5.377 Mkt Cap IDRtr

5.156,65 Net Forg 1DIDRbn (1.006,75) Net ForgYTDIDRbn

(8.131,97)

Return YTD (%) (29,25) Month to date (%)

(18,27)

Indices

Last Chg% YTD% Americas

Dow Jones United States 21.237,38 5,20 (18,05) S&P 500 United States 2.529,19 6,00 (10,72) Nasdaq United States 7.334,78 6,23 (4,92) EIDO United States 16,10 3,87 (38,57) EMEA

FTSE 100 United Kingdom 5.294,90 2,79 (27,46)

CAC 40 France 3.991,78 2,84 (26,25) D DAX Germany 8.939,10 2,25 (23,32)

Asia Pacific

Nikkei Japan 17.002,04 0,06 (20,70) Shanghai China 2.789,25 (0,34) (8,01) TWSE Taiwan 9.717,77 (2,86) (9,58) KOSPI Korea 1.714,86 (2,47) (23,15) KLSE Malaysia 1.280,63 (1,88) (25,23) ST – Times Singapore 2.495,77 (1,65) (23,30) Sensex India 31.390,07 (2,17) (19,24) Hangseng Hongkong 23.063,57 0,87 (19,81)

Sectoral Previous Last Chg% YTD% AGRICULTURE 938,00 905,08 (3,51) (40,63) MINING 1.144,84 1.108,31 (3,19) (28,43) MISC INDUSTRY 834,70 787,15 (5,70) (35,68) BASIC INDUSTRY 601,47 565,97 (5,90) (42,14) CONSUMER GOODS 1.610,13 1.520,04 (5,60) (25,95) PROPERTY 350,12 343,10 (2,00) (31,91) INFRASTRUKTUR 822,70 774,37 (5,87) (31,93) FINANCE 1.070,21 1.009,94 (5,63) (25,45) MANUFAKTURE 1.039,39 980,15 (5,70) (32,90) TRADE 591,28 577,76 (2,29) (24,95) LQ 45 731,95 683,66 (6,60) (32,61)

Commodities Previous Lastest Chg% YTD%

Oil (USD/bbl) 28,70 26,95 (6,10) (55,98) Gold (USD tr.oz) 1.514,10 1.528,30 0,94 1,43 Nickel (USD/mtrc ton) 11.935,00 11.780,00 (1,30) (16,01) Tin (USD/mtrc ton) 15.300,00 14.250,00 (6,86) (17,03) Copper (USD/mtrc ton) 5.290,50 5.144,00 (2,77) (16,68) CPO (MYR/ton) 2.276,00 2.325,00 2,15 (23,54) Coal (USD/ton) 66,10 66,60 0,76 (1,70)

Currencies

Last Chg% YTD% IDR / USD

15.173,00 (2,60) (8,61)

IDR / AUD

9.201,84 0,99 5,61 IDR / EUR

16.854,44 (1,76) (7,72)

IDR /SGD

10.665,66 (1,71) (3,35) IDR / JPY

142,02 (1,77) (10,07)

IDR / GBP

18.513,44 0,48 (1,57) Global Macro Economics CB Rate CPI YoY GDP YoY United States 0,25 2,30 2,30 Euro Area 0,00 1,20 1,00 United Kingdom 0,25 1,80 1,10 Japan 0,10 0,70 -0,70 China 4,35 5,20 6,00 Domestic macro Economics Latest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 6,81 1,11 5,73 GovBonds (10y) 7,56 2,20 7,04

Inflasi YoY 2,98

Inflasi MoM 0,28 Bi rate 4,75 GDP Growth YoY (%) 4,97

Foreign Reserve (Bn) 130,40 Government Bonds Yield% Wow% Ytd% 7 Year 7,56 7,45 7,45 15 Year 7,81 7,81 7,81 20 Year 7,94 7,94 7,94 30 Year 7,93 7,93 7,93

Source: Bloomberg LP & OSO Research Team

Market Review Pada perdagangan kemarin (17/03) IHSG ditutup melemah sebesar 4.99% ke level 4.456,75. Seluruh indeks sektoral ditutup dalam teritori negatif, dimana sektor Infrastruktur, Industri Dasar, Barang Konsumsi, Manufaktur dan Aneka Industri masing-masing mengalami pelemahan lebih dari 5%. Adapun saham yang menjadi pemberat indeks diantaranya : BBCA, BBRI, TLKM, BMRI dan UNVR. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 1 triliun. Nilai tukar Rupiah terdepresiasi sebesar 2.6% ke level Rp 15.173. Global Review Sementara itu, bursa saham Wall Street semalam (17/03) berhasil rebound, dimana Nasdaq dan S&P 500 menguat lebih dari 6% serta Dow Jones naik sebesar 5.2%. Penguatan tersebut ditopang oleh optimisme pasar terhadap paket stimulus ekonomi dari pemerintah, rencananya presiden Donald Trump akan mengeluarkan paket stimulus berupa penganggaran dana senilai US$ 850 miliar untuk menopang pertumbuhan ekonomi serta mempertimbangkan rencana untuk mengirimkan dana senilai US$ 1.000 untuk setiap warga Amerika Serikat (AS) dalam waktu dua minggu. Selain itu, pelonggaran kebijakan dari The Fed berupa peluncuran kembali pembelian utang jangka pendek untuk membantu perusahaan dapat terus membayar pekerja dan kegiatan operasional lainnya akan cukup berdampak positif bagi laju ekonomi. JCI Prediction IHSG ditutup melemah sebesar 4.99% ke level 4.456,75. IHSG ditutup Bearish candle. Adapun indikator Stochastic bearish dan MACD histogram kembali bergerak negatif dengan Volume turun. Kami perkirakan IHSG kembali bergerak melemah dengan pergerakan di kisaran 4.262-4.565. Major Economic Release

Retail Sales United States bulan Februari

tumbuh melambat sebesar 4.3%

dibandingkan pertumbuhan sebelumnya

sebesar 5% (YoY).

Manufacturing Production United States

bulan Februari turun sebesar 0.4% lebih

rendah dibandingkan penurunan

sebelumnya sebesar 1% (YoY).



TODAY TOP STOCK TRADED (LQ45)

Top Gainers Last Chg% YTD% MC (T) Beta

BSDE IJ Equity

800 5,26 (36,25) 15,40 1,70

AKRA IJ Equity

1.700 1,19 (56,96) 6,82 1,54

KLBF IJ Equity

995 (0,50) (38,58) 46,64 1,49

INDF IJ Equity

6.125 (4,67) (22,71) 53,78 0,98

ACES IJ Equity

1.240 (5,34) (17,06) 21,27 0,64

Top Losers Last Chg% YTD% MC (T) Beta

BBCA IJ Equity

25.600 (6,99) (23,41) 631,17 0,98

TOWR IJ Equity

665 (6,99) (17,39) 33,92 0,65

MNCN IJ Equity

865 (6,99) (46,93) 12,35 1,32

TKIM IJ Equity

5.325 (6,99) (48,18) 16,58 2,45

ERAA IJ Equity

1.200 (6,98) (33,15) 3,83 1,58

Top Volume Last Volume (Mn) YTD% MC (T) Beta

BBRI IJ Equity

3.260 208,6 (25,9) 402,11 1,33

TLKM IJ Equity

2.940 150,1 (25,9) 291,24 0,82

BMRI IJ Equity

5.525 93,2 (28,0) 257,83 1,44

PGAS IJ Equity

855 78,7 (60,6) 20,73 1,87

KLBF IJ Equity

995 72,0 (38,6) 46,64 1,49

Top Value Last Value (Bn) YTD% MC (T) Beta

BBCA IJ Equity

25.600 770,8 (23,4) 631,17 0,98

BBRI IJ Equity

3.260 581,7 (25,9) 402,11 1,33

TLKM IJ Equity

2.940 341,0 (25,9) 291,24 0,82

BMRI IJ Equity

5.525 337,8 (28,0) 257,83 1,44

ASII IJ Equity

4.270 237,7 (38,3) 172,86 1,33

Top Gainers Last Chg% YTD% MC (T) Beta

BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2020F Asia Pacific

IHSG

Indonesia 4.457 13,55 1,27 6.273

Nikkei

Japanese 17.012 15,05 1,27 25.440

Shanghai

China 2.780 13,37 1,36 3.327

TWSE

Taiwan 9.440 15,15 1,40 12.649

KOSPI

Korea 1.672 15,68 0,66 2.671

KLSE

Malaysia 1.257 14,04 1,25 1.638

ST - Times

Singapore 2.455 9,50 0,84 3.382

Sensex

India 30.584 18,71 2,39 46.628

Hangseng

Hongkong 23.264 9,52 1,00 31.551

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

BCAP IJ Equity

185 17,83 23,33 7 0,80

CMNP IJ Equity

1750 18,24 (5,66) 6 0,13

IPTV IJ Equity

386 6,04 (23,56) 14 1,32

BSDE IJ Equity

800 5,26 (36,25) 15 1,70

ARKA IJ Equity

1775 25,00 (15,07) 4 3,06

Laggard


BBCA IJ Equity

25600 (6,99) (23,41) 631 0,98

BBRI IJ Equity

3260 (6,86) (25,91) 402 1,33

TLKM IJ Equity

2940 (6,96) (25,94) 291 0,82

BMRI IJ Equity

5525 (6,75) (28,01) 258 1,44

UNVR IJ Equity

6500 (6,81) (22,62) 248 0,83

Movers


OSO MANAJEMEN INVESTASI

Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund

1.031,57 (19,30) (25,32)

Oso Syariah Equity Fund

416,24 (12,36) (26,42)

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)


OSODaily 05 April 2019


MACRO ECONOMIC & INDUSTRY NEWS

Lembaga Pemeringkat Rating and Investment Information, Inc. (R&I) menaikkan peringkat Sovereign Credit Rating Republik Indonesia dari BBB/outlook stabil menjadi BBB+/outlook stabil (investment grade) pada Selasa (17/3). Peningkatan rating tersebut menunjukkan masih terjaganya keyakinan stakeholder internasional terhadap kinerja perekonomian Indonesia sebagai hasil koordinasi moneter, fiskal, dan reformasi struktural untuk memastikan pertumbuhan ekonomi yang kuat, didukung oleh stabilitas makroekonomi.

Bank Indonesia (BI) akan kembali menentukan arah kebijakan moneternya dalam Rapat Dewan Gubernur (RDG) bulan Maret 2020 yang berlangsung mulai besok, Rabu (18/3) hingga Kamis (19/3). Kebijakan BI kembali ditunggu-tunggu di tengah semakin meningkatnya kekhawatiran pelaku ekonomi dan investor terhadap kondisi perekonomian global dan domestik.

Kementerian Luar Negeri China mengatakan pada hari Selasa (17/3/2020) bahwa mereka mencabut kredensial pers untuk jurnalis Amerika dari tiga media. Mereka adalah The New York Times, The Wall Street Journal dan The Washington Post. Dengan adanya keputusan tersebut, para jurnalis dari ketiga media itu harus segera mengembalikan kartu media dalam waktu 10 hari dan pada dasarnya mengusir mereka dari China.

CORPORATES NEWS Wabah virus corona (Covid-19) yang merebak di Indonesia belakangan ini berdampak negatif ke sederet sektor

bisnis seperti penerbangan, pariwisata dan perhotelan. Wabah corona juga mengancam prospek bisnis makanan cepat saji. Manajemen PT Fast Food Indonesia Tbk (FAST) pemilik gerai waralaba KFC, mengklaim telah mengalami penurunan jumlah pengunjung akibat pandemi corona dalam dua bulan terakhir ini.

PT Chandra Asri Petrochemical Tbk (TPIA) mengalami tekanan kinerja sepanjang 2019. Chandra Asri membukukan pendapatan bersih sebesar US$ 1,88 miliar di periode tersebut, turun 26% dari perolehan pendapatan setahun sebelumnya yang mencapai US$ 2,54 miliar.

Dua emiten baru saja mengumumkan pembagian dividen tunai final tahun buku 2019. Mereka adalah produsen kertas PT Fajar Surya Wisesa Tbk (FASW) dan perusahaan multifinance PT Wahana Ottomitra Multiartha Tbk (WOMF). Fajar Surya Wisesa (FASW) akan membagikan dividen tunai final dari hasil keuntungan tahun buku 2019 sebesar Rp 184 per saham. Secara total, nilai dividen ini mencapai Rp 455,93 miliar.

Sampai Februari 2020, PT Jasa Armada Indonesia Tbk (IPCM) berhasil membukukan pendapatan sebesar Rp 115 miliar, naik 10% dibanding periode yang sama tahun 2019 sebesar Rp 104 miliar.

PT Bukit Asam Tbk (PTBA) mengucurkan pinjaman sebesar Rp 230 miliar kepada perusahaan afiliasi PT Satria Bahana Sarana. Pinjaman diberikan dengan waktu jatuh tempo satu tahun dan bunga pinjaman 7,25% per tahun. Jumlah tersebut setara dengan 1,25% dari ekuitas Bukit Asam per 31 Desember 2019 yang tercatat sebesar Rp 18,42 triliun.

Kinerja penjualan PT Indocement Tunggal Prakarsa (INTP) pada dua bulan pertama tahun ini menurun sejalan dengan tren industri. Total penjualan pada Januari—Februari mencapai 2,8 juta ton. Jumlah tersebut 4 persen dibandingkan realisasi pada periode yang sama tahun lalu.

PT Japfa Comfeed Indonesia Tbk. (JPFA) merealisasikan ekspor senilai Rp56 miliar pada Maret 2020.Perseroan

melaporkan ekspor berbagai produk produksi perusahaan ke Amerika Serikat, Jepang, Taiwan, Republik

Demokraktik Timor Leste, Singapura, Filipina, Myanmar, Vietnam, dan Malaysia. Adapun, produk yang diekspor

yakni ayam olahan, karkas, pakan ternak, anak ayam umur sehari atau day old chicken, vaksin ternak, serta produk

perikanan.

Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral

http://quote.kontan.co.id/TPIA

http://quote.kontan.co.id/FASW

http://quote.kontan.co.id/WOMF

http://quote.kontan.co.id/IPCM

http://quote.kontan.co.id/PTBA

https://www.bisnis.com/topic/1613/japfa-comfeed




Technical

Medium/Minor trend : Downtrend MACD line/histogram : Negatif Stochastic : Bearish Volume : Turun Recommendation : Buy On Weakness Entry Buy : 1.100 – 1.030 Target Price : 1.150 – 1.160 Support : 1.095 – 1.100 Cutloss : 1.090

DAILY TECHNICAL

BUY SIDO l PE : 20,8 l PBV : 5,49 l ROE : 27,07 l NPM : 26,33 l DER : - l Fair Value : 1.410

Souce: OSO Research Team

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.150. Apabila break 1.150 next harga ke level 1.160. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.090 jika sudah melewati support 1.095 – 1.100.

NOTE:

SIDO : Indeks Keyakinan Turun, SIDO Muncul Optimis Daya Beli Terjaga Survei Konsumen Bank Indonesia (BI) menunjukkan Indeks Keyakinan Konsumen (IKK) bulan Februari menurun jadi 117,7 dari sebelumnya yang 121,7. Walaupun tidak sekuat bulan sebelumnya, optimisme konsumen terhadap kondisi ekonomi tetap positif karena masih berada di level optimistis yaitu di atas 100. Salah satu emiten perusahaan konsumsi PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) menjelaskan meski IKK karena penyebaran virus corona atau Covid-19, SIDO melihat optimisme pasar masih ada. Leonard menambahkan, sejauh ini pihaknya masih mengamati dan menganalisa dampak dari Covid-19 terhadap kinerja perusahaan. Adapun sejauh ini, penyebaran Covid-19 belum berdampak terhadap operasional Sido Muncul.




Technical

Medium/Minor trend : Downtrend MACD line/histogram : Negatif Stochastic : Golden Cross Volume : Meningkat Tipis

Recommendation : Buy On Weakness Entry Buy : 5.800 – 6.000 Target Price : 6.100 – 6.150 Support : 5.725 – 5.800 Cutloss : 5.700

DAILY TECHNICAL

SILO : Silo Hospital Akan Buka Dua Rumah Sakit Baru Tahun Ini PT Siloam International Hospitals Tbk (SILO) berencana membuka lagi dua jaringan rumahsakit tahun ini. Namun, SILO masih merahasaikan lokasi serta besaran investasi yang digelontorkan. Head of Public Relation and Media Relation SILO Jimmy Rambing menyatakan, rincian lebih lanjut akan disampaikan dalam beberapa waktu ke depan. Dia melanjutkan, performa bisnis Siloam menunjukkan hasil yang konsisten sepanjang tahun. Siloam juga telah menerapkan prosedur untuk menangani kemungkinan kenaikan volume pasien di tengah wabah corona (Covid-19).

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 6.100. Apabila break 6.100 next harga ke level 6.150. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 5.700 jika sudah melewati support 5.725 – 5.800.

SILO l PE : 174,0 l PBV : 1,54 l ROE : 0,89 l NPM : 0,27 l DER : 2,82 l Fair Value : 8.250


BUY

NOTE:




Technical

Medium/Minor trend : Downtrend MACD line/histogram : Negatif Stochastic : Peluang Golden Cross Volume : Tren Naik

Recommendation : Buy On Weakness Entry Buy : 975 – 995 Target Price : 1.020 – 1.045 Support : 970 – 975 Cutloss : 965

DAILY TECHNICAL

KLBF l PE : 18,2 l PBV : 3,04 l ROE : 17,56 l NPM : 11,66 l DER : 2,34 l Fair Value : 1.500

KLBF : Kalbe Farma Siap Buyback Saham Mulai Pekan Depan PT Kalbe Farma Tbk akan melakukan pembelian kembali saham atau buyback yang akan dilakukan secara bertahap mulai16 Maret 2020 sampai dengan 15 Juni 2020. Mengutip keterbukaan informasi di laman Bursa Efek Indonesia (BEI), Jumat (13/3/2020), emiten berkode saham KLBF itu melakukan aksi buyback dengan membeli saham sebesar Rp18,75 miliar dengan jumlah saham maksimum 1,875 miliar saham. KLBF juga menetapkan harga maksimum buyback sebesar Rp1.500 per saham. Rencana ini diyakini manajemen Kalbe Farma tidak akan berpengaruh signifikan terhadap pendapatan perseroan.


Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.020. Apabila break 1.020 next harga ke level 1.045. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 965 jika sudah melewati support 970 – 975.

NOTE:

BUY




Sector Rotation

Mingguan

Bulanan



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 570 (6,56) (62,25) 2,78 257,96 6,57 0,21 1,20 98,23 840 47% Buy

CPIN IJ Equity 4.820 (6,86) (25,85) 3,95 21,72 13,48 13,14 19,08 22,95 5.620 17% Buy

INKP IJ Equity 4.220 (6,84) (45,19) 0,38 4,87 1,62 3,57 8,09 113,83 11.300 168% Buy

INTP IJ Equity 9.775 (6,90) (48,62) 1,61 21,12 12,14 6,43 7,58 0,50 19.825 103% Buy

JPFA IJ Equity 1.005 (6,94) (34,53) 1,09 6,65 2,83 7,32 17,32 75,31 1.982 97% Buy

SMGR IJ Equity 6.575 (6,74) (45,21) 1,21 16,31 4,48 3,66 7,54 82,74 15.138 130% Buy

TKIM IJ Equity 5.325 (6,99) (48,18) 0,79 7,21 8,48 5,01 11,50 120,71 13.000 144% Buy

Industry Average in LQ45 1,69 47,98 7,09 5,62 10,33 73,47

Total of Industry Average 1,15 24,14 6,40 1,75 (11,25) 102,59

SECTOR CONSUMER GOODS

ACES IJ Equity 1.240 (5,34) (17,06) 4,75 21,32 15,44 19,19 23,99 2,72 1.640 32% Buy

GGRM IJ Equity 36.450 (6,96) (31,23) 1,48 7,56 4,55 13,37 20,54 38,38 59.478 63% Buy

HMSP IJ Equity 1.310 (6,76) (37,62) 4,77 10,87 8,23 28,65 44,36 0,33 2.145 64% Buy

ICBP IJ Equity 9.750 (6,25) (12,56) 4,75 22,83 13,33 13,90 22,21 9,06 12.280 26% Buy

INDF IJ Equity 6.125 (4,67) (22,71) 1,48 11,02 4,30 5,05 14,20 59,18 9.340 52% Buy

KLBF IJ Equity 995 (0,50) (38,58) 3,04 18,16 11,95 13,84 17,56 2,34 1.566 57% Buy

UNVR IJ Equity 6.500 (6,81) (22,62) 46,95 33,55 22,03 36,08 116,74 75,07 8.788 35% Buy



SECTOR INFRASTRUCTURE

EXCL IJ Equity 1.575 (5,97) (50,00) 0,88 130,48 1,59 1,18 3,80 140,83 3.792 141% Buy

JSMR IJ Equity 3.210 (6,96) (37,97) 1,29 12,05 3,59 2,28 11,28 157,26 6.387 99% Buy

PGAS IJ Equity 855 (6,56) (60,60) 0,52 6,27 1,09 3,09 7,33 109,43 2.160 153% Buy

TBIG IJ Equity 955 (6,83) (22,36) 5,82 30,21 5,06 2,29 19,49 532,56 1.293 35% Buy

TLKM IJ Equity 2.940 (6,96) (25,94) 2,92 14,38 4,43 9,65 21,31 37,58 4.636 58% Buy

TOWR IJ Equity 665 (6,99) (17,39) 3,96 16,29 6,78 8,55 25,79 142,95 991 49% Buy


Total of Industry Average 1,59 23,09 6,16 (2,74) (1,70) 132,04

Source: Bloomber LP





SECTOR MINING

ADRO IJ Equity 725 (6,45) (53,38) 0,41 3,75 1,50 5,66 10,95 48,89 1.482 104% Buy

AKRA IJ Equity 1.700 1,19 (56,96) 0,83 9,44 5,21 4,57 11,23 42,61 4.200 147% Buy

ANTM IJ Equity 416 (6,73) (50,48) 0,50 12,43 4,35 2,46 4,12 50,26 1.006 142% Buy

INCO IJ Equity 1.660 (6,74) (54,40) 0,56 18,68 4,94 2,59 3,00 0,06 3.723 124% Buy

ITMG IJ Equity 6.950 (6,71) (39,43) 0,56 3,86 2,14 9,76 13,90 1,20 12.976 87% Buy

PTBA IJ Equity 1.710 (6,81) (35,71) 1,05 4,59 3,20 16,14 23,67 3,42 2.689 57% Buy



SECTOR MISC INDUSTRY

ASII IJ Equity 4.270 (6,97) (38,34) 1,17 7,96 4,36 6,23 15,24 49,42 7.349 72% Buy

SRIL IJ Equity 144 (6,49) (44,62) 0,33 2,20 0,87 6,22 15,93 139,64 Neutral #VALUE! #VALUE!


Total of Industry Average 1,68 37,20 5,30 2,36 19,50 94,40

SECTOR PROPERTY

BSDE IJ Equity 800 5,26 (36,25) 0,53 5,06 5,40 5,69 11,03 46,06 1.601 100% Buy

CTRA IJ Equity 620 (6,77) (40,38) 0,78 11,37 4,85 2,94 7,16 50,80 1.288 108% Buy

PTPP IJ Equity 680 (6,85) (57,10) 0,32 3,60 1,53 2,27 9,37 74,03 1.935 184% Buy

PWON IJ Equity 344 (6,52) (39,65) 1,15 5,69 4,69 11,59 22,21 36,44 681 98% Buy

WIKA IJ Equity 1.025 (6,82) (48,49) 0,58 4,13 2,18 3,72 15,29 78,93 2.577 151% Buy

WSKT IJ Equity 555 (6,72) (62,63) 0,41 5,43 1,49 1,04 7,79 224,10 1.569 183% Buy



Source: Bloomber LP





SECTOR TRADE

ERAA IJ Equity 1.200 (6,98) (33,15) 0,81 10,77 4,05 3,42 8,28 88,81 2.000 67% Buy

LPPF IJ Equity 1.840 (6,84) (56,29) 2,81 3,79 2,42 27,70 76,74 - 3.365 83% Buy

MNCN IJ Equity 865 (6,99) (46,93) 0,97 4,86 2,94 13,22 21,24 42,22 1.690 95% Buy

SCMA IJ Equity 710 (6,58) (49,65) 2,00 8,50 5,77 19,59 26,60 0,33 1.638 131% Buy

UNTR IJ Equity 13.525 (6,88) (37,17) 0,87 4,46 2,01 9,92 20,20 22,89 22.476 66% Buy



Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation

SECTOR FINANCE

BBCA IJ Equity 25.600 (6,99) (23,41) 3,63 22,09 86,78 1,30 6,57 6,38 32.601 27% Buy

BBRI IJ Equity 3.260 (6,86) (25,91) 1,93 11,60 89,64 2,62 6,78 66,52 4.687 44% Buy

BBNI IJ Equity 4.510 (6,82) (42,55) 0,69 5,46 93,76 2,30 5,03 59,54 8.418 87% Buy

BBTN IJ Equity 1.160 (6,83) (45,28) 0,52 59,56 113,51 4,78 3,15 225,31 2.094 81% Buy

BMRI IJ Equity 5.525 (6,75) (28,01) 1,26 9,38 100,37 2,33 5,30 50,07 8.617 56% Buy

BTPS IJ Equity 2.950 (6,94) (30,59) 4,21 16,24 479,42 1,37 39,48 140,00 4.607 56% Buy



Source: Bloomber LP



TECHNICAL ANALYSIS (LQ 45)

Ticker Last YtD% MA5 RSI Rec MACD Trend

Bollinger Band

Pivot Point

Support Resistance Stop Loss

Level Recommendation

Lower Middle Upper 1 2 1 2

ACES IJ Equity 1.240 (17,1) Positif Oversold Negatif 1.330 1.480 1.625 1.265 1.230 1.185 1.310 1.345 1.165 Speculative Buy

ADRO IJ Equity 725 (53,4) Positif Strong Buy Negatif 790 1.135 1.475 745 725 710 760 780 695 Buy

AKRA IJ Equity 1.700 (57,0) Positif Strong Buy Negatif 1.660 2.545 3.430 1.645 1.580 1.505 1.720 1.785 1.480 Buy

ANTM IJ Equity 416 (50,5) Positif Strong Buy Negatif 456 605 755 431 416 401 446 461 395 Buy

ASII IJ Equity 4.270 (38,3) Positif Oversold Negatif 4.630 5.675 6.725 4.435 4.265 4.105 4.595 4.765 4.040 Speculative Buy

BBCA IJ Equity 25.600 (23,4) Positif Oversold Negatif 27.375 31.100 34.825 26.550 25.575 24.625 27.500 28.475 24.250 Speculative Buy

BBNI IJ Equity 4.510 (42,5) Positif Strong Buy Negatif 4.715 6.675 8.625 4.675 4.505 4.345 4.835 5.000 4.275 Buy

BBRI IJ Equity 3.260 (25,9) Positif Oversold Negatif 3.490 4.130 4.770 3.400 3.225 3.090 3.535 3.710 3.040 Speculative Buy

BBTN IJ Equity 1.160 (45,3) Positif Oversold Negatif 1.260 1.665 2.065 1.175 1.155 1.135 1.195 1.215 1.120 Speculative Buy

BMRI IJ Equity 5.525 (28,0) Positif Oversold Negatif 6.075 7.250 8.425 5.725 5.525 5.325 5.925 6.125 5.250 Speculative Buy

BRPT IJ Equity 570 (62,3) Positif Strong Buy Negatif 610 970 1.330 590 570 550 610 630 540 Buy

BSDE IJ Equity 800 (36,3) Positif Oversold Negatif 790 1.015 1.235 765 730 675 820 855 665 Speculative Buy

BTPS IJ Equity 2.950 (30,6) Positif Oversold Negatif 3.270 3.935 4.600 3.045 2.915 2.825 3.135 3.265 2.780 Speculative Buy

CPIN IJ Equity 4.820 (25,8) Positif Oversold Negatif 5.150 6.100 7.025 5.000 4.820 4.645 5.175 5.350 4.575 Speculative Buy

CTRA IJ Equity 620 (40,4) Positif Oversold Negatif 690 885 1.080 640 615 595 660 685 585 Speculative Buy

ERAA IJ Equity 1.200 (33,1) Positif Oversold Negatif 1.305 1.645 1.990 1.220 1.190 1.170 1.240 1.270 1.150 Speculative Buy

EXCL IJ Equity 1.575 (50,0) Positif Strong Buy Negatif 1.735 2.370 3.000 1.615 1.565 1.505 1.675 1.725 1.485 Buy

GGRM IJ Equity 36.450 (31,2) Positif Strong Buy Negatif 40.350 50.300 60.275 37.825 36.450 35.100 39.175 40.550 34.550 Buy

HMSP IJ Equity 1.310 (37,6) Positif Oversold Negatif 1.425 1.735 2.050 1.365 1.300 1.250 1.415 1.480 1.230 Speculative Buy

ICBP IJ Equity 9.750 (12,6) Positif Trading Positif 10.200 10.775 11.350 10.100 9.675 9.300 10.475 10.900 9.150 Speculative Buy

INCO IJ Equity 1.660 (54,4) Positif Strong Buy Negatif 1.770 2.590 3.410 1.720 1.660 1.600 1.780 1.840 1.575 Buy

INDF IJ Equity 6.125 (22,7) Positif Oversold Negatif 6.375 6.925 7.475 6.275 6.025 5.775 6.525 6.775 5.675 Speculative Buy

INKP IJ Equity 4.220 (45,2) Positif Oversold Negatif 4.650 5.850 7.075 4.375 4.220 4.065 4.530 4.685 4.005 Speculative Buy

source: Bloomberg Lp



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 9.775 (48,6) Positif Oversold Negatif 11.025 14.725 18.400 10.150 9.775 9.425 10.500 10.875 9.275 Speculative Buy

ITMG IJ Equity 6.950 (39,4) Positif Strong Buy Negatif 7.950 10.225 12.500 7.125 6.925 6.775 7.275 7.475 6.650 Buy

JPFA IJ Equity 1.005 (34,5) Positif Oversold Negatif 1.155 1.430 1.700 1.025 1.005 990 1.040 1.060 975 Speculative Buy

JSMR IJ Equity 3.210 (38,0) Positif Strong Buy Negatif 3.735 4.615 5.500 3.305 3.205 3.115 3.395 3.495 3.065 Buy

KLBF IJ Equity 995 (38,6) Positif Oversold Negatif 990 1.240 1.485 1.005 960 915 1.050 1.095 900 Speculative Buy

LPPF IJ Equity 1.840 (56,3) Positif Strong Buy Negatif 2.050 2.970 3.890 1.885 1.840 1.795 1.930 1.975 1.770 Buy

MNCN IJ Equity 865 (46,9) Positif Strong Buy Negatif 975 1.280 1.585 890 865 845 910 935 830 Buy

PGAS IJ Equity 855 (60,6) Positif Strong Buy Negatif 940 1.325 1.710 860 850 845 865 875 830 Buy

PTBA IJ Equity 1.710 (35,7) Positif Oversold Negatif 1.955 2.295 2.635 1.775 1.705 1.635 1.845 1.915 1.610 Speculative Buy

PTPP IJ Equity 680 (57,1) Positif Strong Buy Negatif 685 1.150 1.610 705 670 645 730 765 635 Buy

PWON IJ Equity 344 (39,6) Positif Strong Buy Negatif 392 520 645 352 344 336 360 368 331 Buy

SCMA IJ Equity 710 (49,6) Positif Strong Buy Negatif 750 1.100 1.455 720 695 680 735 760 670 Buy

SMGR IJ Equity 6.575 (45,2) Positif Strong Buy Negatif 7.575 10.350 13.125 6.800 6.550 6.325 7.025 7.275 6.225 Buy

SRIL IJ Equity 144 (44,6) Positif Oversold Negatif 161 200 239 148 143 140 151 156 137 Speculative Buy

TBIG IJ Equity 955 (22,4) Positif Trading Negatif 935 1.100 1.270 970 935 925 980 1.015 910 Hold

TKIM IJ Equity 5.325 (48,2) Positif Oversold Positif 5.475 6.950 8.425 5.450 5.250 5.125 5.575 5.775 5.050 Buy

TLKM IJ Equity 2.940 (25,9) Positif Oversold Negatif 3.220 3.550 3.875 3.050 2.940 2.830 3.160 3.270 2.790 Speculative Buy

TOWR IJ Equity 665 (17,4) Positif Oversold Negatif 720 820 925 685 660 640 705 730 630 Speculative Buy

UNTR IJ Equity 13.525 (37,2) Positif Oversold Negatif 14.825 17.200 19.575 14.025 13.525 13.025 14.525 15.025 12.825 Speculative Buy

UNVR IJ Equity 6.500 (22,6) Negatif Trading Positif 6.825 7.275 7.700 6.800 6.400 6.125 7.075 7.475 6.025 Hold

WIKA IJ Equity 1.025 (48,5) Positif Strong Buy Negatif 1.125 1.740 2.350 1.070 1.025 985 1.110 1.155 970 Buy

WSKT IJ Equity 555 (62,6) Positif Strong Buy Negatif 595 960 1.330 575 550 525 600 625 520 Buy

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE CALENDAR

Date Event Country Act Prev Cons

17-Mar-20 Japan, Industrial Production MoM Final JAN JPY 1% 1.2% 0.8%

Japan, Capacity Utilization MoM JAN JPY 1.1% -0.4%

GB Claimant Count Change FEB GBR 17.3K -0.2K 21.4K

GB Employment Change DEC GBR 184K 180K

GB Unemployment Rate JAN GBR 3.8% 3.8%

GB Average Earnings excl. Bonus JAN GBR 3.1% 3.2%

GB Average Earnings incl. Bonus JAN GBR 3.1% 2.9%

US Retail Sales MoM FEB USD -0.5% 0.6% 0.2%

US Retail Sales Ex Autos MoM FEB USD -0.4% 0.6% 0.3%

US Retail Sales YoY FEB USD 4.3% 5%

US Industrial Production YoY FEB USD -0% -1%

US Industrial Production MoM FEB USD 0.6% -0.5% 0.4%

US Manufacturing Production YoY FEB USD -0.4% -1%

US Manufacturing Production MoM FEB USD 0.1% -0.2%

US Capacity Utilization FEB USD 77% 76.6% 77.0%

US Business Inventories MoM JAN USD 0.1% 0.1% 0.0%

US JOLTs Job Openings JAN USD 6.963M 6.552M

US NAHB Housing Market Index MAR USD 72 74 74

18-Mar-20 Japan, Balance of Trade FEB JPY ¥-1312.6B

Japan, Exports YoY FEB JPY -2.6%

Japan, Imports YoY FEB JPY -3.6%

US Building Permits MoM FEB USD 9.2%

US Building Permits FEB USD 1.550M 1.5M

US Housing Starts MoM FEB USD -3.6%

US Housing Starts FEB USD 1.567M 1.5M

US EIA Crude Oil Stocks Change 13/MAR USD 7.664M

US EIA Gasoline Stocks Change 13/MAR USD -5.048M

US EIA Gasoline Production Change 13/MAR USD 0.199M

US EIA Crude Oil Imports Change 13/MAR USD 0.918M

US Fed Interest Rate Decision USD 1.25% 0.50%

19-Mar-20 Japan, Inflation Rate YoY FEB JPY 0.7%

Japan, Inflation Rate MoM FEB JPY 0%

Japan, Foreign Bond Investment 14/MAR JPY

Japan, Stock Investment by Foreigners 14/MAR JPY ¥-514.8B

Japan, BoJ Interest Rate Decision JPY -0.1%

Indonesia, Interest Rate Decision IDN 4.75%

Indonesia, Lending Facility Rate MAR IDN 5.50%

Indonesia, Deposit Facility Rate MAR IDN 4%

US Current Account Q4 USD $-124.1B

US Initial Jobless Claims 14/MAR USD

US Continuing Jobless Claims 07/MAR USD

US CB Leading Index MoM FEB USD 0.8% 0.0%

US EIA Natural Gas Stocks Change 13/MAR USD

Source: Bloomberg Lp

https://tradingeconomics.com/japan/industrial-production-mom

https://tradingeconomics.com/united-kingdom/claimant-count-change

https://tradingeconomics.com/united-states/retail-sales

https://tradingeconomics.com/united-states/retail-sales-ex-autos

https://tradingeconomics.com/united-states/industrial-production-mom

https://tradingeconomics.com/united-states/capacity-utilization

https://tradingeconomics.com/united-states/business-inventories

https://tradingeconomics.com/united-states/nahb-housing-market-index

https://tradingeconomics.com/united-states/building-permits

https://tradingeconomics.com/united-states/housing-starts



CORPORATE ACTION

RUPS

Date Time Company Event Place

20-Mar-20 14:00 PLIN RUPSLB Plaza Indonesia Shopping Centre

23-Mar-20 9:30 BDMN RUPS Menara Bank Danamon 10:00 HEXA RUPSLB Kantor Perseroan

24-Mar-20 9:00 BJBR RUPS Bandung

14:00 ESSA RUPSLB Jakarta

26-Mar-20 14:00 WTON RUPS Main Hall Bursa Efek Indonesia

27-Mar-20 9:00 SDRA RUPS Treasury Tower LT 27

14:00 JSKY RUPSLB TBA

30-Mar-20 9:00 PTBA RUPS Hotel Borobudur Jakarta 13:00 ITMG RUPSLB TBA 14:00 BNII RUPS Sentral Senayan 3 Lt 28

31-Mar-20 9:00 ADMF RUPS TBA

9:30 IRRA RUPS Tentative Hotel Gran Mulia

10:00 BBHI RUPS Asean Tower Lt 9 10:00 SOTS RUPSLB Sotis Hotel Kemang 10:00 URBN RUPSLB Bursa Efek Indonesia 14:00 WEGE RUPS Bursa Efek Indonesia

01-Apr-20 9:00 POLL RUPSLB TBA 13:00 POLI RUPSLB TBA

02-Apr-20 10:00 NISP RUPS OCBC NISP Tower Lt 23

03-Apr-20 14:00 ACST RUPSLB Bursa Efek Indonesia

09-Apr-20 10:00 BBCA RUPS Hotel Indonesia Kempinski Lt 11 14:00 BNGA RUPS Graha CIMB Niaga Lt 2 IPO

Dividend

Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share

BMRI Cash Dividen 27-Feb-20 28-Feb-20 02-Mar-20 20-Mar-20 353 BBNI Cash Dividen 28-Feb-20 02-Mar-20 03-Mar-20 24-Mar-20 206 ARNA Cash Dividen 11-Mar-20 12-Mar-20 13-Mar-20 24-Mar-20 22

Right Issue

Code OS NS Price (IDR) Cum Date Ex Date Trading Period

TNCA 2 : 3 344 08-Jan-20 09-Jan-20 14 - 20 Januari 2020

FAST 100 : 7 1.25 18-Jun-20 19-Jun-20 24 - 30 Juni 2020

Source: KSEI and OSO Research Team

Research Team

Ike Widiawati Head of Research +62 21 2991 5300 ([email protected])

Rifqiyati Research Analyst +62 21 2991 5300

mailto:[email protected]



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.

(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

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