OSODaily - PT. OSO Securitiesoso-securities.com/sipitung/files/OSO Daily 26 April 2019.pdf ·...

www.oso-securities.com Disclaimer on.

OSODaily 26 April 2019

ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX

6,372.79 (75.10)

-1.16%

Previous 6,447.89 Lowest

6,353.28 Highest 6,431.59 Val IDR bn

9.609

Volbn 13.562 Mkt Cap IDRtr

7,248.82 Net Forg 1DIDRbn (723.77) Net ForgYTDIDRbn

13,649.09

Return YTD (%) 2.88 Month to date (%)

(1.48)

Indices Countries Last Chg% 6,415.12 Americas

Dow Jones United States 26,462.08 (0.51) 13.44 S&P 500 United States 2,926.17 (0.04) 16.73 Nasdaq United States 8,118.68 0.21 22.36 EIDO United States 25.63 (1.57) 3.26 EMEA

FTSE 100 United Kingdom 7,434.13 (0.50) 10.49

CAC 40 France 5,557.67 (0.33) 17.48 D DAX Germany 12,282.60 (0.25) 16.32

Asia Pacific

Nikkei Japanese 22,307.58 (0.86) 10.50 Shanghai China 3,201.61 (2.43) 25.26 TWSE Taiwan 11,039.86 (0.78) 12.61 KOSPI Korea 2,190.50 (0.89) 6.36 KLSE Malaysia 1,638.01 (0.14) (3.25) ST – Times Singapore 3,362.43 (0.36) 9.17 Sensex India 39,054.68 (0.83) 7.38 Hangseng Hongkong 29,805.83 (0.86) 14.33

Sectoral Previous Last Chg% YTD% AGRICULTURE 1,442.95 1,421.88 (1.46) (9.11) MINING 1,811.28 1,794.05 (0.95) 0.99 MISC INDUSTRY 1,326.62 1,307.81 (1.42) (6.21) BASIC INDUSTRY 822.91 808.78 (1.72) (5.38) CONSUMER GOODS 2,506.18 2,452.19 (2.15) (4.56) PROPERTY 493.68 485.16 (1.72) 8.36 INFRASTRUKTUR 1,162.42 1,156.21 (0.53) 8.64 FINANCE 1,299.33 1,289.73 (0.74) 9.70 MANUFAKTURE 1,566.61 1,536.51 (1.92) (5.04) TRADE 818.65 814.88 (0.46) 3.95 LQ 45 1,020.12 1,004.99 (1.48) 2.27

Commodities Previous Last Chg% YTD% Oil (USD/bbl) 65.89 65.21 (1.03) 42.77 Nickel (USD/mt. ton) 12,391.00 12,407.00 0.13 15.29 Tins (USD/mt. ton) 19,890.00 19,700.00 (0.96) 1.77 Gold (USD tr.oz) 1,275.75 1,277.16 0.11 (0.30) Copper (USD/mt.ton) 6,407.00 6,448.00 0.64 6.71 CPO (MYR/ton) 2,079.00 2,079.00 - 2.30 Coal (USD/ton) 89.30 89.00 (0.34) (14.24)

Currencies

Last Chg% YTD% IDR / USD

14,186.00 (0.75) 1.44

IDR / AUD

9,941.69 0.75 2.25 IDR / EUR

15,814.77 0.14 3.99

IDR /SGD

10,399.42 (0.23) 1.50 IDR / JPY

126.83 (0.79) 3.00

IDR / GBP

18,261.87 0.15 0.31 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.50 1.90 3.00 Euro Area 0.00 1.40 1.20 United Kingdom 0.75 1.90 1.40 Japan 0.10 0.50 0.30 China 4.35 2.30 6.40 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 7.19 0.36 (9.02) GovBonds (10y) 7.76 0.96 (3.32)

Inflasi YoY 2.48

Inflasi MoM 0.11 Bi rate 6.00 GDP Growth YoY (%) 5.18

Foreign Reserve (Bn) 124.54 Government Bonds Yield% Wow% Ytd% 7 Year 7.60 7.60 7.60 15 Year 8.22 8.22 8.22 20 Year 8.32 8.32 8.32 30 Year 8.50 8.50 8.50

Source: Bloomberg LP & OSO Research Team

Market Review Pada perdagangan Kamis (25/04) IHSG ditutup melemah sebesar 1.16% ke level 6.372,79. Seluruh indeks sektoral berakhir dalam zona merah, dimana sektor Barang Konsumsi dan Industri Dasar memimpin pelemahan masing-masing sebesar 2,15% dan 1.72%. Adapun saham yang menjadi pemberat indeks diantaranya : UNVR, BBRI, CPIN, HMSP, BBCA.

Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 723 miliar. Nilai tukar rupiah terdepresiasi 0.75% ke level Rp 14.186.

Global Review Sementara itu pada perdagangan semalam (25/04) bursa saham Wall Street ditutup mixed dengan kecenderungan melemah, Dow Jones turun 0.51%, S&P 500 melemah 0.04% sedangkan Nasdaq menguat 0.21%. Bervariasinya pergerakan bursa saham Wall Street disebabkan oleh faktor negatif dan sentimen positif laporan keuangan emiten kuartal I 2019, rilisnya data ekonomi AS yang kurang memuaskan dimana data pengangguran AS yang tercatat naik menjadi 230 ribu orang dibandingkan sebelumnya 193 ribu orang menjadi salah satu pemberat. Sementara itu naiknya harga saham Facebook Inc dan Microsoft Corp sebesar 5.8% dan 3.3% mampu menahan laju penurunan indeks, naiknya harga saham kedua perusahaan tersebut seiring dengan rilisnya laporan keuangan Kuartal I 2019 yang tercatat diatas perkiraan pasar. JCI Prediction IHSG ditutup turun sebesar 1.2% ke level 6,372. IHSG

ditutup bearish candle. Adapun indikator Stochastic

bearish dan MACD histogram bergerak negatif dengan

Volume turun. Kami perkirakan IHSG kembali bergerak

melemah dengan pergerakan di kisaran 6,316 – 6,410.

Major Economic Release

Boj Interest Rate Decision Japan tetap bertahan di level -0.1%.

Lending Facility Rate Indonesia pada April 2019 bertahan di level 6.75%.

Deposit Facility Rate Indonesia pada April 2019 bertahan di level 5.25%.

Interest Rate Decision Indonesia tetap bertahan dilevel 6%.

Durable Goods Orders United States pada Maret 2019 naik 2.7% dari sebelumnya turun 1.1% (MoM).



TODAY TOP STOCK TRADED (LQ45)

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

MNCN IJ Equity

945 5.59 36.96 13.49 0.96

LPPF IJ Equity

4,050 3.85 (27.68) 11.82 1.10

TPIA IJ Equity

5,100 1.49 (13.92) 90.95 0.70

UNTR IJ Equity

27,675 0.45 1.19 103.23 0.94

ITMG IJ Equity

20,225 0.12 (0.12) 22.85 1.16

LPPF IJ Equity

3,800 4.40 (32.14) 10.62 1.10

CPIN IJ Equity

5,200 (7.56) (28.03) 85.27 1.19

BSDE IJ Equity

1,395 (5.10) 11.16 26.85 1.46

UNVR IJ Equity

46,400 (4.62) 2.20 354.03 1.05

PTPP IJ Equity

2,340 (4.49) 29.64 14.51 1.74

BBTN IJ Equity

2,450 (3.92) (3.54) 25.95 2.41

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

BBRI IJ Equity

4,330 184.5 18.3 534.09 1.68

WSBP IJ Equity

432 110.3 14.9 11.39 1.14

MNCN IJ Equity

945 104.2 37.0 13.49 0.96

BMRI IJ Equity

7,650 55.6 3.7 357.00 1.70

WSKT IJ Equity

2,080 54.3 23.8 28.23 1.63

Top Value

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

BBRI IJ Equity

4,330 748.3 18.3 534.09 1.68

TLKM IJ Equity

3,830 293.6 2.1 379.41 0.68

BBCA IJ Equity

27,975 262.8 7.6 689.72 0.91

GGRM IJ Equity

80,000 224.8 (4.3) 153.93 1.23

BMRI IJ Equity

7,650 211.9 3.7 357.00 1.70

BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific

IHSG

Indonesia 6,373 20.54 2.27 7,100

Nikkei

Japanese 22,308 16.47 1.71 24,020 Shanghai

China 3,124 14.86 1.60 3,280

TWSE

Taiwan 11,040 15.83 1.70 11,179

KOSPI

Korea 2,191 11.47 0.89 2,703

KLSE

Malaysia 1,636 20.50 1.69 1,743

ST - Times

Singapore 3,350 13.86 1.15 3,649

Sensex

India 38,731 28.90 3.01 42,529 Hangseng

Hongkong 29,550 11.52 1.37 32,980

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

BDMN IJ Equity

8550 3.95 12.50 82 0.87

TPIA IJ Equity

5100 1.49 (13.92) 91 0.70

FREN IJ Equity

302 2.03 287.18 52 0.46

MAYA IJ Equity

7725 1.98 9.96 52 0.56

TOPS IJ Equity

750 3.45 (9.64) 25 0.39

Laggard

Latest 28125 - 8.17 693

UNVR IJ Equity

46400 (4.62) 2.20 354 1.05

BBRI IJ Equity

4330 (1.59) 18.31 534 1.68

CPIN IJ Equity

5200 (7.56) (28.03) 85 1.19

HMSP IJ Equity

3390 (1.45) (8.63) 394 1.38

BBCA IJ Equity

27975 (0.62) 7.60 690 0.91

Movers

Latest Chg% YTD% MC (T) Beta

OSO MANAJEMEN INVESTASI

Mutual Fund Latest 1 Month (%)

Oso Sustainability Fund

1,580.52 (1.57) Oso Syariah Equity Fund

275.07 (29.24)

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)




MACRO ECONOMIC & INDUSTRY NEWS

o Harga minyak kelapa sawit di Bursa Derivatif Malaysia berada di zona merah pada perdagangan hari Kamis (25/4/2019). Pelemahan ini dinilai karena harga minyak mentah yang sempat melemah yang membuat membuat minyak tropis ini kurang menarik untuk dicampur menjadi biofuel. Selain itu, penurunan itu juga karena sawit kalah bersaing dengan kompetitornya di pasar minyak nabati, yaitu minyak kedelai.

o Bank Indonesia (BI) kembali menahan suku bunga acuannya di level 6% tetapi akan melonggarkan likuiditas. Dengan

meningkatkan ketersediaan likuiditas dan mendukung pendalaman pasar keuangan melalui penguatan strategi operasi moneter. BI akan melakukan ekspansi injeksi likuiditas ke perbankan, dan mengubah dari fix retender ke variabel retender.

o Harga minyak dunia menghijau pada perdagangan hari Kamis (25/4). Harga minyak Brent menguat 0,90% atau 0,67 poin

menembus ke level US$75,24 per barel. Hal ini dipicu oleh keputusan Amerika Serikat menghilangkan keringanan sanksi bagi Iran. Arab Saudi mengatakan bahwa negaranya tidak tergesa-gesa mengambil langkah di pasar minyak, usai AS memutuskan

tidak memperbarui keringanan sanksi Iran.

CORPORATES NEWS

o PT Intermedia Capital Tbk (MDIA) akan tingkatkan modal dengan Penambahan Modal Tanpa Hak Memesan Terlebih Dahulu (PMT-HMETD). Perseroan akan menerbitkan saham baru sekitar 3,92 miliar lembar saham.

o Pada kuartal I/2019, PT Bank Panin Dubai Syariah Tbk (PNBS) mencatat pertumbuhan kinerja yang cukup positif dengan

pembiayaan mencapai Rp 6,53 triliun. Angka ini tumbuh 13,2% (yoy) dibandingkan posisi kuartal 1/2018 senilai Rp 5,76 triliun.

o Sepanjang kuartal I 2019 PT Bank Pan Indonesia Tbk (PNBN) meraih laba Rp 843 miliar. Laba ini tumbuh 19,31% dibandingkan kuartal I 2018 yang senilai Rp 707 miliar. Pertumbuhan laba yang signifikan ini ditopang dari penyaluran kredit yang mencapai Rp 153,2 triliun.

o PT Adaro Energy Tbk (ADRO), melalui anak usahanya, PT Adaro Power, batal bermitra dengan Indonesia Power untuk

membangun Pembangkit Listrik Tenaga Uap (PLTU) Kaltim-5.

o Sampai dengan kuartal I 2019 PT Bank Central Asia Tbk (BBCA) menghasilkan kinerja positif. Hal ini tercermin dari pertumbuhan laba bersih sebesar 10,1% secara year on year (yoy) mencapai Rp 6,1 triliun dibandingkan periode tahun sebelumnya Rp 5,5 triliun.

o PT Indika Energy Tbk (INDY) mencatatkan penurunan laba cukup signifikan pada periode kuartal I 2019 hingga 61% menjadi

US$ 40,5 juta. Di periode sama tahun lalu, laba INDY tercatat sebesar US$ 103,8 juta.

o PT Visi Media Asia Tbk (VIVA) akan menerbitkan saham baru melalui Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu (PMT-HMETD) VIVA yang akan perkuat struktur modal perusahaan. Jumlah saham yang diterbitkan sebanyak-banyaknya sekitar 1,65 miliar lembar saham.

o PT Samindo Resources Tbk (MYOH) menggelar rapat umum pemegang saham tahunan (RUPST) pada (25/4). Dalam rapat

tersebut menyetujui untuk mendistribusikan laba bersih kepada pemegang saham dalam bentuk dividen tunai sebesar US$ 19 juta.

Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bearish Volume : Meningkat

Recommendation : BUY Entry Buy : 7.525 – 7.650 Target Price : 7.775 – 7.875 Support : 7.525 – 7.550 Cutloss : 7.500

DAILY TECHNICAL

PT Bank Mandiri (Persero) Tbk. terus mengembangkan layanan cash management yang ditujukan bagi nasabah pelaku usaha kecil dan menengah (UKM). Pihak BMRI mengatakan bahwa persaingan pembiayaan ke sektor usaha kecil dan menengah semakin ketat karena saat ini mereka sudah bisa mendapatkan akses pembiayaan kepada perusahaan teknologi finansial yang bergerak di bidang peer-to-peer (P2P) lending. Oleh karena itu, Bank Mandiri berupaya menawarkan produk dan layanan yang lebih menarik dann saling terintegrasi, bukan hanya pinjaman mikro. Bank pelat merah tersebut juga meningkatkan pelayanan perbankan digital yang disesuaikan dengan kebutuhan debitur UKM.

Harga ditutup candle doji dan menyentuh support terdekat. Harga berpeluang menguat level 7.775. Apabila break 7.775 next harga ke level 7.875. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 7.500 jika sudah melewati support 7.525 – 7.550.

| BMRI |PE : 14.3x | PBV : 1.93x | ROE: 13.52% | NPM : 20.81% | DER : 5.50x | Fair Value : 8.700|

Souce: OSO Research Team

BUY

NOTE:




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bearish Volume : Turun Recommendation : BUY Entry Buy : 244 - 254 Target Price : 260 - 268 Support : 244 - 248 Cutloss : 242

DAILY TECHNICAL

PT Puradelta Lestari Tbk (DMAS) akan membagikan dividen total Rp 1,01 triliun atau setara Rp 21 per saham. Total dividen yang dibagi ini merupakan hasil perolehan laba bersih 2018 yang mencapai Rp 494,25 miliar ditambah dengan saldo laba DMAS sebesar Rp 517,91 miliar. Berikut jadwal pembagian dividen DMAS: Cum dividen tunai di pasar reguler dan negosiasi 2 Meo 2019, Ex dividen tunai di pasar reguler dan negosiasi 3 Mei 2019, Cum dividen tunai di pasar tunai 6 Mei 2019, Recording date pemegang saham yang berhak atas dividen 6 Mei 2019.

Pada harga Rp 252 per saham saat ini, dividend yield DMAS sebesar 8,33%.

Pada harga Rp 252 per saham saat ini, dividend yield DMAS sebesar 8,33%.

Harga menguji support terdekat. Strategi bisa buy on weakness. Harga berpeluang kembali menguat dengan target harga 260-268. Apabila tidak mampu menguji atau bertahan di atas 260-268 diharapkan hati-hati. Batasi resiko dengan tetap memperhatikan support 244 - 248. Cutloss di level 242 jika sudah melewati support.

|DMAS |PE : 25.4x | PBV : 1.70x | ROE: 6.90% | NPM : 47.88% | DER : 0.04x | Fair Value : 298|


BUY

NOTE:

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




Technical

Medium/Minor trend : Downtrend MACD line/histogram : Ke Arah Positif Stochastic : Netral Volume : Meningkat Recommendation : BUY Entry Buy : 1.280 – 1.290 Target Price : 1.320 – 1.340 Support : 1.265 – 1.270 Cutloss : 1.260

DAILY TECHNICAL

Bank Pan Indonesia Tbk (PNBN) Telah Resmi Menjadi Bank Kategori BUKU IV Dengan Modal Inti Minimal Rp30 Triliun Setelah Mendapatkan Surat Penetapan Dari OJK. PNBN menargetkan pertumbuhan kinerja tahun ini kisaran 8%. Tahun ini, PNBN masih akan fokus pada segmen komersial untuk pembiayaan yang saat ini memiliki porsi sebanyak 45% dari total kredit perseroan. Sementara realisasi kredit perseroan akhir tahun 2018 lalu mencapai Rp151,56 triliun atau tumbuh 8,06% YoY. PNBN Siapkan USD 15 Juta untuk Infrastruktur IT. Di era digitalisasi dan menjamurnya teknologi finansial, PNBN fokus untuk pengembangan teknologi informasi. Wakil Presiden Direktur Bank Panin Roosniati Salihin menyatakan pada tahun ini PNBN menyiapkan USD 15 juta untuk pengembangan infrastruktur TI.

Harga berpeluang menguji resistance level 1.320. Apabila harga mampu break 1.320 target selanjutnya 1.340. Apabila tidak mampu menguji atau bertahan di atas 1.320 diharapkan hati-hati. Batasi resiko dengan tetap memperhatikan support 1.265 – 1.270. Cutloss di level 1.260 jika sudah melewati support.

|PNBN|PE : 10x| PBV : 0.76x | ROE: 7.63% | NPM : 15.50% | DER : 4.08x | Fair Value : 1.690|


BUY

NOTE:




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 4,110 (0.24) 71.97 4.35 46.60 5.74 1.35 6.43 98.23 3,052 -26% Sell

CPIN IJ Equity 5,200 (7.56) (28.03) 4.40 18.70 11.54 17.46 25.97 22.95 5,845 12% Buy

INKP IJ Equity 7,100 (1.73) (38.53) 0.72 4.65 2.30 7.18 16.83 113.83 11,300 59% Buy

INTP IJ Equity 21,050 (0.82) 14.09 3.34 67.62 32.92 4.05 4.80 0.50 19,573 -7% Sell

SMGR IJ Equity 13,350 (0.74) 16.09 2.54 25.74 12.12 6.15 10.25 30.13 14,800 11% Buy

TKIM IJ Equity 9,475 (3.56) (14.64) 1.68 8.45 15.77 8.86 22.02 120.71 13,000 37% Buy

TPIA IJ Equity 5,100 1.49 (13.92) 3.63 35.28 16.13 5.90 10.60 34.35 4,786 -6% Sell

WSBP IJ Equity 432 (2.26) 14.89 1.34 10.14 5.49 7.32 14.52 69.31 491 14% Buy

Industry Average in LQ45 2.75 27.15 12.75 7.28 13.93 61.25

Total of Industry Average 1.82 35.19 8.43 3.40 6.83 101.36

SECTOR CONSUMER GOODS

GGRM IJ Equity 80,000 (2.08) (4.33) 3.41 19.76 11.50 11.47 17.85 38.38 90,269 13% Buy

HMSP IJ Equity 3,390 (1.45) (8.63) 11.15 29.14 21.99 30.17 38.98 0.33 4,226 25% Buy

ICBP IJ Equity 9,075 (1.36) (13.16) 4.90 23.13 14.61 13.87 22.22 9.06 10,625 17% Buy

INDF IJ Equity 6,250 (1.19) (16.11) 1.63 13.18 4.77 4.51 12.84 59.18 8,152 30% Buy

KLBF IJ Equity 1,470 (2.65) (3.29) 4.71 28.05 18.75 14.14 17.61 2.34 1,543 5% Hold

UNVR IJ Equity 46,400 (4.62) 2.20 39.07 39.26 27.12 42.66 112.21 20.26 46,800 1% Hold



SECTOR INFRASTRUCTURE

EXCL IJ Equity 2,860 (0.35) 44.44 1.67 (9.17) 3.41 (5.79) (16.50) 125.77 3,287 15% Buy

JSMR IJ Equity 6,050 (0.82) 41.36 2.51 19.92 6.87 2.58 13.30 157.26 6,212 3% Hold

PGAS IJ Equity 2,340 (2.09) 10.38 1.55 13.08 2.83 3.78 9.66 109.43 2,707 16% Buy

TLKM IJ Equity 3,830 (0.26) 2.13 4.19 20.56 6.41 9.33 20.36 31.63 4,310 13% Buy


Total of Industry Average 2.76 57.90 11.91 (3.64) 0.75 76.67

Source: Bloomber LP





SECTOR MINING

ADRO IJ Equity 1,290 (1.15) 6.17 0.80 6.95 2.32 6.02 11.74 32.95 1,735 35% Buy

AKRA IJ Equity 4,590 (2.96) 6.99 2.20 25.69 14.47 8.95 20.65 42.61 5,969 30% Buy

ANTM IJ Equity 870 (1.14) 13.73 1.06 23.91 7.31 2.76 4.57 50.26 1,196 37% Buy

ELSA IJ Equity 402 (0.99) 16.86 0.89 10.62 3.82 5.26 8.71 24.89 700 74% Buy

INCO IJ Equity 3,000 (3.54) (7.98) 1.13 62.02 12.39 1.56 1.82 1.94 4,381 46% Buy

INDY IJ Equity 1,720 (0.86) 8.52 0.66 19.63 1.01 2.19 8.55 129.53 2,450 42% Buy

ITMG IJ Equity 20,225 0.12 (0.12) 1.60 6.03 3.23 18.70 27.14 - 27,784 37% Buy

MEDC IJ Equity 890 (1.66) 29.93 0.91 (20.70) 1.89 (0.99) (4.14) 202.38 1,044 17% Buy

PTBA IJ Equity 4,030 (2.42) (6.28) 2.46 9.02 6.49 19.44 29.25 5.12 4,450 10% Buy



SECTOR MISC INDUSTRY

ASII IJ Equity 7,550 (1.31) (8.21) 2.16 13.95 7.96 6.60 16.18 49.27 8,597 14% Buy

SRIL IJ Equity 334 (0.60) (6.70) 0.93 5.70 2.25 6.61 17.65 139.64 Neutral #VALUE! #VALUE!



SECTOR PROPERTY

ADHI IJ Equity 1,720 (3.37) 8.52 0.98 9.51 3.10 2.20 10.62 136.09 2,150 25% Buy

BSDE IJ Equity 1,395 (5.10) 11.16 1.01 20.61 10.47 2.64 5.03 46.06 1,594 14% Buy

PTPP IJ Equity 2,340 (4.49) 29.64 1.14 9.67 5.02 3.18 12.40 74.03 2,854 22% Buy

PWON IJ Equity 730 (2.01) 17.74 2.79 13.82 9.97 10.51 22.19 36.44 765 5% Hold

WIKA IJ Equity 2,310 (3.75) 39.58 1.40 11.96 5.01 3.30 12.61 78.93 2,474 7% Hold

WSKT IJ Equity 2,080 (3.26) 23.81 1.57 7.12 3.55 3.57 24.76 224.10 2,310 11% Buy



Source: Bloomber LP





SECTOR TRADE

ERAA IJ Equity 1,605 (3.02) (27.05) 1.09 5.80 3.16 7.89 20.43 88.81 2,210 38% Buy

LPPF IJ Equity 4,050 3.85 (27.68) 6.36 10.80 6.24 20.97 52.96 - 5,896 46% Buy

MNCN IJ Equity 945 5.59 36.96 1.20 7.82 3.79 9.76 16.21 42.22 1,286 36% Buy

SCMA IJ Equity 1,710 - (8.56) 5.06 16.39 11.46 24.66 33.18 0.33 2,210 29% Buy

UNTR IJ Equity 27,675 0.45 1.19 1.84 8.86 4.29 11.57 22.26 17.95 34,152 23% 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 27,975 (0.62) 7.60 4.55 26.69 88.15 1.40 6.54 6.30 28,133 1% Hold

BBRI IJ Equity 4,330 (1.59) 18.31 2.89 15.98 90.10 2.27 7.23 64.57 4,437 2% Hold

BBNI IJ Equity 9,600 (2.04) 9.09 1.58 11.58 92.85 1.90 5.44 82.33 10,283 7% Hold

BBTN IJ Equity 2,450 (3.92) (3.54) 1.06 9.12 103.45 2.82 4.00 188.00 2,779 13% Buy

BMRI IJ Equity 7,650 (0.33) 3.73 1.97 14.27 100.47 2.75 5.33 56.75 8,542 12% 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

ADHI IJ Equity 1,720 8.5 Negatif OverBought Positif 1,525 1,675 1,830 1,755 1,720 1,680 1,795 1,830 1,655 Sell

ADRO IJ Equity 1,290 6.2 Positif Trading Positif 1,250 1,310 1,375 1,295 1,290 1,275 1,310 1,315 1,255 Speculative Buy

AKRA IJ Equity 4,590 7.0 Negatif Trading Positif 4,580 4,745 4,910 4,645 4,565 4,485 4,725 4,805 4,415 Hold

ANTM IJ Equity 870 13.7 Positif Trading Positif 860 895 935 875 865 855 885 895 840 Speculative Buy

ASII IJ Equity 7,550 (8.2) Positif Trading Positif 7,025 7,475 7,925 7,525 7,450 7,325 7,650 7,725 7,225 Speculative Buy

BBCA IJ Equity 27,975 7.6 Negatif OverBought Positif 27,050 27,625 28,200 27,850 27,600 27,375 28,075 28,325 26,950 Sell

BBNI IJ Equity 9,600 9.1 Negatif OverBought Negatif 9,250 9,600 9,925 9,650 9,575 9,475 9,750 9,825 9,325 Strong Sell

BBRI IJ Equity 4,330 18.3 Negatif OverBought Positif 3,980 4,250 4,525 4,340 4,290 4,210 4,420 4,470 4,145 Sell

BBTN IJ Equity 2,450 (3.5) Positif Trading Positif 2,260 2,455 2,645 2,500 2,435 2,360 2,575 2,640 2,320 Speculative Buy

BMRI IJ Equity 7,650 3.7 Negatif Trading Positif 7,175 7,500 7,850 7,625 7,600 7,500 7,725 7,750 7,400 Hold

BRPT IJ Equity 4,110 72.0 Negatif OverBought Positif 3,330 3,785 4,245 4,135 4,095 4,075 4,155 4,195 4,010 Sell

BSDE IJ Equity 1,395 11.2 Negatif Trading Negatif 1,385 1,440 1,495 1,430 1,390 1,350 1,470 1,510 1,325 Sell

CPIN IJ Equity 5,200 (28.0) Positif Oversold Negatif 5,275 6,500 7,700 5,400 5,175 4,905 5,675 5,900 4,835 Speculative Buy

ELSA IJ Equity 402 16.9 Negatif OverBought Positif 343 375 407 402 395 386 411 418 380 Sell

ERAA IJ Equity 1,605 (27.0) Negatif Trading Positif 1,445 1,705 1,960 1,630 1,600 1,560 1,670 1,700 1,540 Hold

EXCL IJ Equity 2,860 44.4 Negatif OverBought Positif 2,490 2,705 2,920 2,875 2,815 2,775 2,915 2,975 2,730 Sell

GGRM IJ Equity 80,000 (4.3) Positif Trading Positif 75,825 80,650 85,500 80,750 79,750 78,550 81,950 82,950 77,350 Speculative Buy

HMSP IJ Equity 3,390 (8.6) Positif Oversold Negatif 3,430 3,665 3,900 3,420 3,385 3,350 3,455 3,490 3,295 Speculative Buy

ICBP IJ Equity 9,075 (13.2) Negatif Trading Positif 8,875 9,175 9,475 9,150 9,075 9,000 9,225 9,300 8,850 Hold

INCO IJ Equity 3,000 (8.0) Positif Oversold Negatif 3,115 3,345 3,570 3,060 2,995 2,940 3,115 3,180 2,895 Speculative Buy

INDF IJ Equity 6,250 (16.1) Positif Oversold Positif 6,075 6,425 6,800 6,300 6,225 6,150 6,375 6,450 6,050 Buy

INDY IJ Equity 1,720 8.5 Positif Trading Positif 1,620 1,775 1,930 1,725 1,695 1,660 1,760 1,790 1,635 Speculative Buy

INKP IJ Equity 7,100 (38.5) Positif Oversold Negatif 6,900 8,200 9,500 7,175 7,025 6,925 7,275 7,425 6,825 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 21,050 14.1 Positif Trading Negatif 20,575 21,725 22,850 20,850 20,500 19,925 21,425 21,775 19,625 Hold

ITMG IJ Equity 20,225 (0.1) Positif Oversold Negatif 17,675 21,375 25,075 20,200 20,050 19,875 20,375 20,525 19,575 Speculative Buy

JSMR IJ Equity 6,050 41.4 Positif OverBought Negatif 5,450 5,950 6,425 6,075 6,000 5,900 6,175 6,250 5,800 Sell

KLBF IJ Equity 1,470 (3.3) Positif Trading Negatif 1,480 1,515 1,545 1,490 1,470 1,445 1,515 1,535 1,425 Hold

LPPF IJ Equity 4,050 (27.7) Negatif Trading Positif 3,610 3,870 4,130 3,975 3,865 3,765 4,075 4,185 3,705 Hold

MEDC IJ Equity 890 29.9 Negatif Trading Positif 825 870 920 895 885 865 915 925 850 Hold

MNCN IJ Equity 945 37.0 Negatif OverBought Positif 710 795 880 925 885 855 955 995 840 Sell

PGAS IJ Equity 2,340 10.4 Positif Trading Positif 2,230 2,320 2,410 2,370 2,340 2,310 2,400 2,430 2,275 Speculative Buy

PTBA IJ Equity 4,030 (6.3) Negatif Trading Positif 3,915 4,085 4,255 4,085 4,015 3,945 4,155 4,225 3,885 Hold

PTPP IJ Equity 2,340 29.6 Negatif OverBought Positif 1,930 2,230 2,530 2,395 2,335 2,275 2,455 2,515 2,240 Sell

PWON IJ Equity 730 17.7 Negatif Trading Negatif 680 720 765 735 720 700 755 770 690 Sell

SCMA IJ Equity 1,710 (8.6) Positif Trading Positif 1,595 1,685 1,775 1,715 1,700 1,690 1,725 1,740 1,660 Speculative Buy

SMGR IJ Equity 13,350 16.1 Negatif Trading Negatif 12,950 13,625 14,300 13,250 13,150 12,900 13,500 13,600 12,700 Sell

SRIL IJ Equity 334 (6.7) Negatif Trading Negatif 334 337 340 335 332 329 338 341 324 Sell

TKIM IJ Equity 9,475 (14.6) Positif Oversold Negatif 9,550 10,600 11,650 9,650 9,425 9,150 9,925 10,150 9,025 Speculative Buy

TLKM IJ Equity 3,830 2.1 Positif Trading Negatif 3,735 3,895 4,050 3,815 3,790 3,765 3,840 3,865 3,710 Hold

TPIA IJ Equity 5,100 (13.9) Positif Oversold Negatif 4,880 5,425 5,950 5,050 5,000 4,930 5,125 5,175 4,855 Speculative Buy

UNTR IJ Equity 27,675 1.2 Negatif Trading Positif 25,325 26,550 27,775 27,650 27,525 27,350 27,825 27,950 26,950 Hold

UNVR IJ Equity 46,400 2.2 Positif Trading Negatif 48,025 48,900 49,775 47,300 46,225 45,000 48,525 49,600 44,325 Hold

WIKA IJ Equity 2,310 39.6 Negatif OverBought Positif 1,955 2,215 2,470 2,360 2,300 2,240 2,420 2,480 2,205 Sell

WSBP IJ Equity 432 14.9 Positif OverBought Positif 378 416 453 437 429 423 443 451 416 Hold

WSKT IJ Equity 2,080 23.8 Negatif OverBought Positif 1,860 2,020 2,180 2,105 2,060 1,995 2,170 2,215 1,965 Sell

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE CALENDAR

Date Event Country Act Prev Cons

25-Apr-19 Japan, Foreign Bond Investment APR/20 JPY ¥1170B ¥591.1B

Japan, Stock Investment by Foreigners APR/20 JPY ¥1426.6B ¥528.5B

Japan, BoJ Interest Rate Decision JPY -0.1% -0.1% -0.1%

Indonesia, Deposit Facility Rate APR IDN 5.25% 5.25% 5.25%

Indonesia, Interest Rate Decision IDN 6% 6% 6%

Indonesia, Lending Facility Rate APR IDN 6.75% 6.75% 6.75%

GB CBI Distributive Trades APR GBR 13 -18 0

US Durable Goods Orders ex Defense MoM MAR USD 2.3% -1.9% 0.1%

US Durable Goods Orders Ex Transp MoM MAR USD 0.4% 0.1% 0.2%

US Durable Goods Orders MoM MAR USD 2.7% -1.6% 0.4%

US Continuing Jobless Claims APR/13 USD 1655K 1653K 1720K

US Initial Jobless Claims APR/20 USD 230K 192K 199K

US EIA Natural Gas Stocks Change 19/APR USD 92Bcf 92Bcf 87Bcf

26-Apr-19 Japan, Jobs/applications ratio MAR JPY 1.63 1.64

Japan, Unemployment Rate MAR JPY 2.3% 2.4%

Japan, Industrial Production YoY Prel MAR JPY -1.1% -0.6%

Japan, Industrial Production MoM Prel MAR JPY 0.7% -0.1%

Japan, Retail Sales MoM MAR JPY 0.2% -0.2%

Japan, Retail Sales YoY MAR JPY 0.4% 0.8%

GB CBI Distributive Trades APR GBR -18 0

US GDP Growth Rate QoQ Adv Q1 USD 2.2% 1.8%

US PCE Prices QoQ Adv Q1 USD 1.5%

29-Apr-19 US PCE Price Index MoM FEB USD -0.1%

US PCE Price Index YoY FEB USD 1.4%

US Personal Income MoM MAR USD 0.2%

US Personal Spending MoM FEB USD 0.1%

US Personal Spending MoM MAR USD 0.3%

30-Apr-19 China, NBS Manufacturing PMI APR CNY 50.5 49.5

China, Non Manufacturing PMI APR CNY 54.8

Japan, Construction Orders YoY MAR JPY -3.4%

Japan, Housing Starts YoY MAR JPY 4.2% 5.6%

Indonesia, M2 Money Supply YoY MAR IDN 6%

US Employment Cost - Benefits QoQ Q1 USD 0.7%

US Employment Cost - Wages QoQ Q1 USD 0.6%

US Employment Cost Index QoQ Q1 USD 0.7% 0.8%

US CB Consumer Confidence APR USD 124.1

US Pending Home Sales MoM MAR USD

US Pending Home Sales YoY MAR USD -4.9%

US API Crude Oil Stock Change APR/26 USD

Source: Bloomberg Lp

https://tradingeconomics.com/japan/foreign-bond-investment

https://tradingeconomics.com/japan/foreign-stock-investment

https://tradingeconomics.com/japan/interest-rate

https://tradingeconomics.com/japan/interest-rate

https://tradingeconomics.com/indonesia/deposit-interest-rate

https://tradingeconomics.com/indonesia/deposit-interest-rate

https://tradingeconomics.com/indonesia/interest-rate

https://tradingeconomics.com/indonesia/interest-rate

https://tradingeconomics.com/indonesia/lending-rate

https://tradingeconomics.com/indonesia/lending-rate

https://tradingeconomics.com/united-kingdom/calendar

https://tradingeconomics.com/united-kingdom/calendar

https://tradingeconomics.com/united-states/durable-goods-orders-ex-defense

https://tradingeconomics.com/united-states/durable-goods-orders-ex-transportation

https://tradingeconomics.com/united-states/durable-goods-orders-ex-transportation

https://tradingeconomics.com/united-states/durable-goods-orders

https://tradingeconomics.com/united-states/durable-goods-orders

https://tradingeconomics.com/united-states/continuing-jobless-claims

https://tradingeconomics.com/united-states/continuing-jobless-claims

https://tradingeconomics.com/united-states/jobless-claims

https://tradingeconomics.com/united-states/jobless-claims

https://tradingeconomics.com/united-states/natural-gas-stocks-change

https://tradingeconomics.com/united-states/natural-gas-stocks-change

https://tradingeconomics.com/japan/unemployment-rate

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

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

https://tradingeconomics.com/japan/retail-sales

https://tradingeconomics.com/japan/retail-sales-annual

https://tradingeconomics.com/united-states/gdp-growth

https://tradingeconomics.com/united-states/personal-spending

https://tradingeconomics.com/china/business-confidence

https://tradingeconomics.com/japan/housing-starts

https://tradingeconomics.com/united-states/employment-cost-index



CORPORATE ACTION

RUPS

Date Time Company Event Place

26-Apr-19 PGAS RUPS

8:00 BJTM RUPS Ruang Bromo Lt 5 Gedung Bank Jatim

9:00 KRAS RUPS Jakarta

9:00 LPIN RUPSLB Grandkemang Hotel

9:00 LPPF RUPSLB Lantai Mezzanine Aryaduta Hotel Jakarta

9:30 FORU RUPS

9:30 LINK RUPS

10:00 META RUPS Glass House, Lt 8 The Ritz Carlton Jakarta

10:00 MLPT RUPS Hotel Aryaduta Lippo Village

14:00 BHIT RUPSLB Gedung MNC Financial Center Lt 13

14:00 KBLV RUPS

29-Apr-19 8:00 TRIS RUPS Ruang Seminar BEI

9:00 EXCL RUPS

10:30 CINT RUPS Ruang Seminar BEI

13:30 BELL RUPSLB Ruang Seminar BEI

14:00 MLPL RUPS Hotel Aryaduta Lippo Village

IPO

Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)

Arkha Jayanti Persada Tbk UOB Kay Hian Sekuritas TBA TBA 275 - 300 500

Dividend

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

BNGA Cash Dividen 25-Apr-19 26-Apr-19 29-Apr-19 15-May-19 27

UNTR Cash Dividen 26-Apr-19 29-Apr-19 30-Apr-19 17-May-19 828

POWR Cash Dividen 26-Apr-19 29-Apr-19 30-Apr-19 22-May-19 US$ 0

TCID Cash Dividen 26-Apr-19 30-Apr-19 2-May-19 23-May-19 420

PTRO Cash Dividen 30-Apr-19 2-May-19 3-May-19 24-May-19 US$ 0.00865

MLBI Cash Dividen 2-May-19 3-May-19 4-May-19 24-May-19 536

Source: KSEI and OSO Research Team



Disclaimer This report has been prepared by PT OSO Sekuritas Indonesia on behalf of itself and its affiliated companies and is provided for information purposes only. Under no circumstance.is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has been produced independently and the forecasts, opinions and expectations contained herein are entirely those of PT. OSO Sekuritas Indonesia. We expressly disclaim any responsibility or liability (express or implied) of PT. OSO Sekuritas Indonesia, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action , suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT. OSO Sekuritas Indonesia, its affiliated companiesor their respective employees or agents accepts liability for any errors, omissions or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. The information contained in this report is not be taken as any recommendation made by PT. OSO Sekuritas Indonesia or any other person to enter into any agreement with regard to any investment mentioned in this document. This report is prepared for general circulation. It does not have regards tothe specific person who may receive this report. In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice.

Research Team

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

Rifqiyati Research Analyst +62 21 2991 5300 (Rifqiyati @oso-securities.com)

Sukarno Alatas Research Analyst +62 21 2991 5300 ([email protected])

Mochammad Cahyo Research Analyst +62 21 2991 5300 ([email protected])

Michelle Abadi Research Associate +62 21 2991 5300 ([email protected])

Disclosure Of Interests

As of the date of this report, 1. The research analysts primarily responsible for the preparation of all or part of this report hereby certify that:

the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities

and issuers; and

no part of the analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views

expressed in this research report.

2. The research analysts primarily responsible for the preparation of all or part of this report, or his/her associate(s), do not have any interest (including any direct or indirect ownership of securities, arrangement for financial accommodation or serving as an officer) in any company mentioned in this report

3. PT OSO Securities Indonesia on a business in Indonesia in investment banking, proprietary trading or agency broking in relation

to securities

PT OSO Sekuritas Indonesia - Research Cyber 2 Tower, 22

nd Floor

Jl. HR. Rasuna Said Blok X-5 No. 13 JakartaSelatan, 12950

Telp: +62-21-299-15-300 Fax : +62-21-290-21-497

mailto:[email protected]

OSODaily - PT. OSO Securitiesoso-securities.com/sipitung/files/OSO Daily 26 April 2019.pdf ·...

Documents

Transcript of OSODaily - PT. OSO Securitiesoso-securities.com/sipitung/files/OSO Daily 26 April 2019.pdf ·...