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OSODaily 21 Februari 2020

ODAY TOP STOCK TRADED (LQ45)

JAKARTA COMPOSITE INDEX

5.942,49 13,70

0,23%

Previous 5.928,79 Lowest

5.929,15 Highest 5.960,71 Val IDR bn

6.848

Volbn 6.190 Mkt Cap IDRtr

6.870,31 Net Forg 1DIDRbn (168,42) Net ForgYTDIDRbn

(191,08)

Return YTD (%) (5,67) Month to date (%)

0,04

Indices

Last Chg% YTD% Americas

Dow Jones United States 29.219,98 (0,44) 13,03 S&P 500 United States 3.373,23 (0,38) 21,56 Nasdaq United States 9.750,97 (0,67) 30,72 EIDO United States 24,00 (1,60) (10,11) EMEA

FTSE 100 United Kingdom 7.436,64 (0,27) 3,76

CAC 40 France 6.062,30 (0,80) 16,67 D DAX Germany 13.664,00 (0,91) 19,62

Asia Pacific

Nikkei Japan 23.400,70 0,34 9,55 Shanghai China 2.975,40 1,84 9,74 TWSE Taiwan 11.758,84 (0,29) 14,14 KOSPI Korea 2.210,34 (0,67) (1,54) KLSE Malaysia 1.534,16 0,05 (11,08) ST – Times Singapore 3.213,71 (0,50) (2,46) Sensex India 41.323,00 (0,07) 15,49 Hangseng Hongkong 27.655,81 (0,17) (3,17)

Sectoral Previous Last Chg% YTD% AGRICULTURE 1.299,80 1.293,15 (0,51) (15,17) MINING 1.431,69 1.454,90 1,62 (6,05) MISC INDUSTRY 1.099,46 1.102,00 0,23 (9,96) BASIC INDUSTRY 884,69 883,00 (0,19) (9,73) CONSUMER GOODS 1.922,01 1.937,53 0,81 (5,61) PROPERTY 458,54 455,88 (0,58) (9,53) INFRASTRUKTUR 1.018,42 1.017,48 (0,09) (10,55) FINANCE 1.345,85 1.349,19 0,25 (0,40) MANUFAKTURE 1.343,42 1.348,66 0,39 (7,68) TRADE 704,85 704,20 (0,09) (8,53) LQ 45 964,39 968,54 0,43 (4,53)

Commodities Previous Lastest Chg% YTD%

Oil (USD/bbl) 53,29 53,88 1,11 (12,20) Gold (USD tr.oz) 1.611,70 1.619,56 0,49 6,77 Nickel (USD/mtrc ton) 12.830,00 12.670,00 (1,25) (9,66) Tin (USD/mtrc ton) 16.525,00 16.575,00 0,30 (3,49) Copper (USD/mtrc ton) 5.770,00 5.728,00 (0,73) (7,22) CPO (MYR/ton) 2.645,00 2.669,00 0,91 (12,23) Coal (USD/ton) 67,05 67,05 - (1,03)

Currencies

Last Chg% YTD% IDR / USD

13.750,00 (0,41) 0,84

IDR / AUD

9.104,83 0,35 6,73 IDR / EUR

14.822,54 (0,08) 4,93

IDR /SGD

9.821,94 0,08 4,96 IDR / JPY

123,24 1,25 3,64

IDR / GBP

17.711,24 0,25 2,89 Global Macro Economics CB Rate CPI YoY GDP YoY United States 1,75 2,50 2,30 Euro Area 0,00 1,40 0,90 United Kingdom 0,75 1,80 1,10 Japan 0,10 0,80 -0,40 China 4,35 5,40 6,00 Domestic macro Economics Lastest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 5,69 (0,14) (11,64) GovBonds (10y) 6,52 (0,05) (7,73)

Inflasi YoY 2,68

Inflasi MoM 0,39 Bi rate 4,75 GDP Growth YoY (%) 4,97

Foreign Reserve (Bn) 131,70 Government Bonds Yield% Wow% Ytd% 7 Year 6,52 6,38 6,38 15 Year 7,04 7,04 7,04 20 Year 7,26 7,26 7,26 30 Year 7,47 7,47 7,47

Source: Bloomberg LP & OSO Research Team

Market Review Pada perdagangan kemarin (20/02) IHSG ditutup menguat 0.23% ke level 5.942.49. Lima dari sepuluh indeks sektoral ditutup dalam teritori positif, dimana sektor pertambangan dan barang konsumsi memimpin penguatan masing-masing sebesar 1.62% dan 0.81%. Adapun saham yang menjadi penggerak indeks diantaranya ; BBRI, UNVR, BBNI, ICBP, BMRI. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 168 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.41% ke level 13.750. Global Review Pada perdagangan semalam (20/02) bursa saham Wall Street kompak ditutup dalam zona merah, dimana Nasdaq memimpin pelemahan sebesar 0.67% disusul Dow Jones dan S&P 500 yang masing-masing turun sebesar 0.45% dan 0.38%. Pelemahan tersebut seiring dengan kembali munculnya kekhawaitran terhadap penyebaran virus corona yang di sampaikan oleh wakil gubernur The Fed Richard Clarida yang menyatakan meskipun penyebaran virus corona di China mulai melambat namun masih ada kekhawatiran penyebaran virus ini di luar China. Jumlah kasus virus corona di Korea Selatan dan Jepang terus meningkat setelah adanya laporan dua warga negara Jepang meninggal akibat virus tersebut. JCI Prediction IHSG ditutup menguat sebesar 0.23% ke level 5.942,49. IHSG ditutup beariish candle. Adapun indikator Stochastic bullish dan MACD histogram bergerak ke arah negatif dengan Volume meningkat. Kami perkirakan IHSG akan bergerak melemah dengan pergerakan di kisaran 5.877 – 5.962. Major Economic Release

Interest Rate Decision Indonesia turun ke

level 4.75% dari sebelumnnya di level 5%.

Lending Facility Rate Indonesia bulan

Februari turun ke level 5.50% dari

sebelumnya di level 5.75%.

Deposit Facility Rate Indonesia bulan

Februari turun ke level 4% dari sebelumnya

di level 4.25%.



TODAY TOP STOCK TRADED (LQ45)

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

INDY IJ Equity

935 8,72 (21,76) 4,87 1,49

PTBA IJ Equity

2.490 3,75 (6,39) 28,69 1,21

INDF IJ Equity

7.300 3,55 (7,89) 64,10 1,20

ADRO IJ Equity

1.350 3,45 (13,18) 43,18 1,48

INCO IJ Equity

3.120 2,63 (14,29) 31,00 1,73

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

EXCL IJ Equity

2.680 (2,90) (14,92) 28,64 1,35

PWON IJ Equity

580 (2,52) 1,75 27,93 1,41

SCMA IJ Equity

1.330 (2,21) (5,67) 19,65 1,47

WIKA IJ Equity

2.040 (1,92) 2,51 18,30 1,68

ERAA IJ Equity

1.780 (1,66) (0,84) 5,68 1,31

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

PGAS IJ Equity

1.555 99,4 (28,3) 37,70 1,63

SRIL IJ Equity

228 98,5 (12,3) 4,66 0,72

BBRI IJ Equity

4.560 98,2 3,6 562,46 1,57

HMSP IJ Equity

1.945 62,4 (7,4) 226,24 1,26

BMRI IJ Equity

8.000 57,3 4,2 373,33 1,57

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

BBCA IJ Equity

32.975 491,9 (1,3) 813,00 1,03

BMRI IJ Equity

8.000 486,5 4,2 373,33 1,57

BBRI IJ Equity

4.560 459,7 3,6 562,46 1,57

TLKM IJ Equity

3.630 231,3 (8,6) 359,60 0,80

ASII IJ Equity

6.275 220,8 (9,4) 254,03 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 5.942 18,46 1,96 7.123

Nikkei

Japanese 23.479 20,71 1,75 25.611

Shanghai

China 3.030 14,51 1,48 3.301

TWSE

Taiwan 11.725 18,58 1,75 12.858

KOSPI

Korea 2.196 19,54 0,86 2.704

KLSE

Malaysia 1.535 17,64 1,54 1.710

ST - Times

Singapore 3.198 11,98 1,08 3.504

Sensex

India 41.280 25,26 3,22 46.878

Hangseng

Hongkong 27.609 11,33 1,22 32.289

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

BBRI IJ Equity

4560 1,79 3,64 562 1,57

UNVR IJ Equity

7650 2,34 (8,93) 292 1,05

BBNI IJ Equity

7925 1,93 0,96 148 1,60

ICBP IJ Equity

11225 2,05 0,67 131 0,60

BMRI IJ Equity

8000 0,63 4,23 373 1,57

Laggard


BBCA IJ Equity

32975 (1,49) (1,35) 813 1,03

BRPT IJ Equity

1220 (1,21) (19,21) 109 1,26

MYOR IJ Equity

1985 (2,70) (3,17) 44 0,22

HMSP IJ Equity

1945 (0,51) (7,38) 226 1,26

FREN IJ Equity

104 (3,70) (24,64) 23 1,39

Movers


OSO MANAJEMEN INVESTASI

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

1.306,14 (6,23) (5,44)

Oso Syariah Equity Fund

471,06 (11,11) (16,73)

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)


OSODaily 05 April 2019


MACRO ECONOMIC & INDUSTRY NEWS

India telah mengeluarkan izin impor untuk 1,1 juta ton refined bleached deodorized (RBD) palm olein dari Indonesia. Ini sebuah langkah yang mengejutkan lantaran baru bulan lalu New Delhi membatasi impor produk turunan minyak kelapa sawit (CPO). Pembelian kembali minyak sawit olahan oleh India, importir CPO terbesar di dunia, tentu bisa mengangkat impor minyak sawit negeri Sungai Gangga.

China, bersama dengan beberapa negara lain, telah dihapus dari daftar negara "berkembang" oleh Amerika Serikat. Melansir People's Daily, sebagai gantinya, Amerika menganggap China sebagai negara "maju" ketika menyangkut perdagangan internasional. Kantor Perwakilan Perdagangan AS (Office of the US Trade Representative/USTR) juga mencabut preferensi khusus untuk daftar anggota Organisasi Perdagangan Dunia (WTO), termasuk Brasil, India, Indonesia, dan Afrika Selatan.

Bank Indonesia (BI) terus melakukan penilaian dan evaluasi terhadap perkembangan wabah virus Covid-19 atau corona, serta dampaknya pada perekonomian global maupun domestik. Untuk sementara, Gubernur BI Perry Warjiyo mengatakan, dampak dari wabah corona akan paling terasa ke perekonomian sepanjang Februari dan Maret ini atau sepanjang kuartal I-2020.

CORPORATES NEWS

Tahun ini, PT Semen Baturaja Tbk (SMBR) hanya mengalokasikan belanja modal atau capital expenditure (capex) sebesar Rp 150 miliar. Jumlah ini dipangkas 81,25% dari alokasi capex tahun lalu yang mencapai Rp 800 miliar.

PT Bank Negara Indonesia Tbk (BNI) dalam Rapat Umum Pemegang Saham Tahunan (RUPST) untuk Tahun Buku 2019 sepakat untuk membagikan 25% dari total laba bersih pada tahun buku 2019 sebesar Rp 15,38 triliun sebagai dividen. Jumlah dividen yang dibagikan yakni mencapai Rp 3,85 triliun.

PT Indoritel Makmur Internasional Tbk (DNET) masih terus fokus mengembangkan gerai-gerainya. Sepanjang tahun ini, pemilik gerai Indomaret tersebut menargetkan membuka 1.000 gerai baru.

PT Vale Indonesia Tbk (INCO) membukukan laba bersih periode berjalan senilai US$ 57,40 juta. Realisasi ini turun 5,14% dibandingkan dengan laba bersih periode berjalan tahun sebelumnya yang mencapai US$ 60,51 juta.

PT Wijaya Karya Beton Tbk (WTON) mendapatkan banyak kontrak baru di sepanjang tahun lalu. Anak usaha PT Wijaya Karya Tbk ini berhasil mencatatkan nilai kontrak Rp 8,3 triliun, meningkat 7,79% dibandingkan tahun 2018 sebesar Rp 7,7 triliun.

Tahun lalu, PT Aneka Tambang Tbk (ANTM) berhasil mencetak rekor penjualan emas sepanjang sejarah perusahaan, yakni mencapai 1,09 juta ons troi atau tumbuh 21,97% secara tahunan atau year on year (yoy). Uniknya, di periode yang sama, produksi emas emiten bersandi saham ANTM ini hanya tumbuh 0,30% yoy menjadi 63.111 ons troi.

PT Bank Central Asia Tbk (BBCA) masih mencatat kinerja yang mumpuni di tengah perlambatan kinerja industri perbankan. Tahun lalu, BBCA berhasil meraup laba bersih Rp 28,5 triliun, tumbuh 10,5% dari tahun sebelumnya.

Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral

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

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




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Turun Tipis

Recommendation : Trading Buy Entry Buy : 7.950 – 8.000 Target Price : 8.125 – 8.175 Support : 7.900 – 7.950 Cutloss : 7.875

DAILY TECHNICAL

BUY BMRI l PE : 13,6 l PBV : 1,82 l ROE : 14,25 l NPM : 32,82 l DER : 50,07 l Fair Value : 8.700

Souce: OSO Research Team

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 8.125. Apabila break 8.125 next harga ke level 8.175. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 7.875 jika sudah melewati support 7.900 – 7.950.

NOTE:

BMRI : Laba Bank Mandiri Cyariah Capai Rp 1,28 Triliun Desember 2019 PT Bank Mandiri Syariah Tbk kini mulai memfokuskan kiprahnya pada sektor digital. Hingga tahun 2019, transformasi digital mendongkrak kinerja Bank Mandiri Syariah. Tercatat, laba bersih bank ini sebesar Rp 1,28 triliun per Desember 2019, hal ini naik sebesar 110,68% jika dibandingkan dengan tahun sebelumnya. Adapun indikator bisnis Bank Mandiri Syariah secara keseluruhan seperti aset, dana pihak ketiga serta fee based income naik secara signifikan. Direktur Utama Mandiri Syariah Toni EB Subari mengatakan, kenaikan laba tersebut ditopang oleh pendapatan margin juga fee based income, yang antara lain disumbang dari transformasi digital.




Technical

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

Recommendation : Trading Buy Entry Buy : 675 – 685 Target Price : 695 –705 Support : 670 – 675 Cutloss : 665

DAILY TECHNICAL

SSIA : Borong Lahan Di Subang, SSIA Siapkan Capex Rp 600 Miliar PT Surya Semesta Internusa Tbk. menargetkan bisa memasarkan lahan industrial seluas 20 hektare pada 2020. Investor Relations Surya Semesta Internusa Erlin Budiman mengatakan tahun ini perseroan menargetkan bisa menjual lahan seluas 20 hektare. Jumlah itu naik 12,35% dari realisasi tahun lalu sebesar 17,8 hektare atau lebih tinggi 33,33% dari target 2019 sebesar 15 hektare.

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 695. Apabila break 695 next harga ke level 705. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 665 jika sudah melewati support 670 – 675.

SSIA l PE : 33,5 l PBV : 0,82 l ROE : 2,46 l NPM : 1,02 l DER : 34,35 l Fair Value : 1.035


BUY

NOTE:




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Turun

Recommendation : Trading Buy Entry Buy : 1.330 – 1.350 Target Price : 1.380 – 1.395 Support : 1.315 – 1.330 Cutloss : 1.310

DAILY TECHNICAL

BUY ADRO l PE : 6,1 l PBV : 0,81 l ROE : 13,60 l NPM : 11,54 l DER : 32,95 l Fair Value : 1.530

ADRO : Ini Strategi ADRO Menopang Kinerja Di Tengah Pelemahan Harga Batubara Melemahnya harga batubara tidak menyurutkan langkah bisnis PT Adaro Energy Tbk (ADRO). Emiten penghuni Indeks Kompas100 ini telah menyiapkan strategi guna menghadapi harga si emas hitam yang terus merosot. Head of Corporate Communication Division Adaro Energy Febriati Nadira mengatakan, ADRO akan terus berfokus pada keunggulan operasional dan efisiensi. ADRO juga akan menjaga tingkat produksi batubara guna menjaga cadangan batubara jangka panjang untuk pengembangan bisnis pembangkit listrik ke depan.


Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.380. Apabila break 1.380 next harga ke level 1.350. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.310 jika sudah melewati support 1.315 – 1.330.

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 1.220 (1,21) (19,21) 6,60 611,59 15,58 0,21 1,20 98,23 840 -31% Sell

CPIN IJ Equity 6.850 0,74 5,38 5,61 30,87 19,16 13,14 19,08 22,95 5.911 -14% Sell

INKP IJ Equity 6.625 (1,12) (13,96) 0,66 8,46 2,81 3,57 8,09 113,83 11.300 71% Buy

INTP IJ Equity 17.300 (0,14) (9,07) 2,85 37,37 21,49 6,43 7,58 0,50 20.274 17% Buy

JPFA IJ Equity 1.590 1,92 3,58 1,85 12,06 4,88 6,39 16,10 59,63 2.053 29% Buy

SMGR IJ Equity 11.775 0,21 (1,88) 2,24 30,56 8,97 3,48 7,46 30,13 15.018 28% Buy

TKIM IJ Equity 8.225 2,17 (19,95) 1,35 12,33 14,51 5,01 11,50 120,71 13.000 58% Buy

Industry Average in LQ45 3,02 106,18 12,49 5,46 10,14 63,71

Total of Industry Average 1,46 34,86 8,54 1,55 (11,83) 101,15

SECTOR CONSUMER GOODS

ACES IJ Equity 1.560 - 4,35 5,98 26,83 19,42 19,19 23,99 2,72 1.651 6% Hold

GGRM IJ Equity 55.575 0,68 4,86 2,26 11,53 6,93 13,37 20,54 38,38 59.918 8% Hold

HMSP IJ Equity 1.945 (0,51) (7,38) 7,09 16,14 12,22 28,65 44,36 0,33 2.189 13% Buy

ICBP IJ Equity 11.225 2,05 0,67 5,46 26,28 15,35 13,90 22,21 9,06 12.395 10% Buy

INDF IJ Equity 7.300 3,55 (7,89) 1,77 13,13 5,13 5,05 14,20 59,18 9.361 28% Buy

KLBF IJ Equity 1.420 (1,05) (12,35) 4,34 25,92 17,06 13,84 17,56 2,34 1.696 19% Buy

UNVR IJ Equity 7.650 2,34 (8,93) 55,25 39,48 25,93 36,08 116,74 75,07 8.777 15% Buy


Total of Industry Average 4,31 29,93 11,37 9,26 5,13 55,60

SECTOR INFRASTRUCTURE

EXCL IJ Equity 2.680 (2,90) (14,92) 1,50 130,48 2,70 1,18 3,80 140,83 3.857 44% Buy

JSMR IJ Equity 5.050 1,00 (2,42) 2,02 18,95 5,64 2,28 11,28 157,26 6.481 28% Buy

PGAS IJ Equity 1.555 1,63 (28,34) 1,05 12,64 2,20 3,09 7,33 109,43 2.193 41% Buy

TBIG IJ Equity 1.180 (0,84) (4,07) 7,19 37,32 6,25 2,29 19,49 532,56 1.320 12% Buy

TLKM IJ Equity 3.630 0,28 (8,56) 3,61 17,75 5,47 9,65 21,31 37,58 4.708 30% Buy

TOWR IJ Equity 880 0,57 9,32 5,24 21,56 8,97 8,55 25,79 142,95 946 8% Hold


Total of Industry Average 2,20 27,86 9,79 (2,80) (2,06) 131,82

Source: Bloomber LP





SECTOR MINING

ADRO IJ Equity 1.350 3,45 (13,18) 0,81 6,12 2,76 7,10 13,60 32,95 1.532 13% Buy

AKRA IJ Equity 3.060 0,66 (22,53) 1,50 17,00 9,38 4,57 11,23 42,61 4.321 41% Buy

ANTM IJ Equity 710 0,71 (15,48) 0,86 21,21 7,42 2,46 4,12 50,26 1.064 50% Buy

INCO IJ Equity 3.120 2,63 (14,29) 1,19 389,40 18,10 0,25 0,29 1,94 3.869 24% Buy

ITMG IJ Equity 10.925 1,16 (4,79) 0,95 5,30 2,91 11,77 17,06 - 13.202 21% Buy

PTBA IJ Equity 2.490 3,75 (6,39) 1,61 6,33 4,47 17,59 26,36 5,12 2.861 15% Buy


Total of Industry Average 1,51 35,86 7,87 0,73 (1,82) 95,18

SECTOR MISC INDUSTRY

ASII IJ Equity 6.275 0,40 (9,39) 1,78 12,41 6,52 5,92 14,87 49,27 7.843 25% Buy

SRIL IJ Equity 228 (0,87) (12,31) 0,58 3,86 1,53 6,22 15,93 139,64 Neutral #VALUE! #VALUE!



SECTOR PROPERTY

BSDE IJ Equity 1.140 (1,30) (9,16) 0,76 7,21 7,69 5,69 11,03 46,06 1.620 42% Buy

CTRA IJ Equity 975 - (6,25) 1,23 17,88 7,63 2,94 7,16 50,80 1.313 35% Buy

PTPP IJ Equity 1.475 (1,34) (6,94) 0,70 7,82 3,31 2,27 9,37 74,03 1.992 35% Buy

PWON IJ Equity 580 (2,52) 1,75 1,94 9,59 7,90 11,59 22,21 36,44 681 17% Buy

WIKA IJ Equity 2.040 (1,92) 2,51 1,16 8,22 4,35 3,72 15,29 78,93 2.607 28% Buy

WSKT IJ Equity 1.215 (0,41) (18,18) 0,91 11,89 3,27 1,04 7,79 224,10 1.723 42% Buy



Source: Bloomber LP





SECTOR TRADE

ERAA IJ Equity 1.780 (1,66) (0,84) 1,21 15,97 6,01 3,42 8,28 88,81 2.088 17% Buy

LPPF IJ Equity 3.550 - (15,68) 5,56 12,77 6,45 16,19 37,82 - 3.755 6% Hold

MNCN IJ Equity 1.475 (1,01) (9,51) 1,65 8,28 5,01 13,22 21,24 42,22 1.888 28% Buy

SCMA IJ Equity 1.330 (2,21) (5,67) 3,75 15,92 10,82 19,59 26,60 0,33 1.765 33% Buy

UNTR IJ Equity 18.425 (0,27) (14,40) 1,23 6,43 2,69 9,42 19,84 17,95 24.625 34% 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 32.975 (1,49) (1,35) 4,84 28,76 88,15 1,40 6,51 6,30 33.808 3% Hold

BBRI IJ Equity 4.560 1,79 3,64 2,70 16,23 89,64 2,62 6,78 66,52 4.769 5% Hold

BBNI IJ Equity 7.925 1,93 0,96 1,21 9,60 93,76 2,30 5,03 59,54 8.909 12% Buy

BBTN IJ Equity 1.920 1,32 (9,43) 0,85 98,59 113,51 4,78 3,15 225,31 2.162 13% Buy

BMRI IJ Equity 8.000 0,63 4,23 1,82 13,58 100,37 2,33 5,30 50,07 8.738 9% Buy

BTPS IJ Equity 4.350 1,16 2,35 8,38 33,46 454,49 1,39 38,72 149,94 4.506 4% Hold



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 #N/A Requesting Data... 4,3 #VALUE! Strong Sell Not Valid #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

ADRO IJ Equity 1.350 (13,2) Positif Trading Positif 1.230 1.310 1.385 1.335 1.310 1.285 1.360 1.385 1.265 Speculative Buy

AKRA IJ Equity 3.060 (22,5) Negatif Oversold Negatif 2.965 3.255 3.545 3.070 3.025 3.000 3.095 3.140 2.955 Speculative Buy

ANTM IJ Equity 710 (15,5) Negatif Oversold Negatif 665 725 785 710 705 695 720 725 685 Speculative Buy

ASII IJ Equity 6.275 (9,4) Negatif Trading Negatif 5.750 6.400 7.050 6.250 6.200 6.100 6.350 6.400 6.000 Sell

BBCA IJ Equity 32.975 (1,3) Positif Trading Negatif 32.575 33.625 34.675 33.175 32.900 32.525 33.550 33.825 32.050 Hold

BBNI IJ Equity 7.925 1,0 Negatif OverBought Positif 7.075 7.425 7.775 7.875 7.800 7.725 7.950 8.025 7.600 Sell

BBRI IJ Equity 4.560 3,6 Positif Trading Negatif 4.385 4.555 4.725 4.545 4.505 4.475 4.575 4.615 4.405 Hold

BBTN IJ Equity 1.920 (9,4) Negatif Trading Positif 1.700 1.870 2.045 1.910 1.890 1.855 1.945 1.965 1.830 Hold

BMRI IJ Equity 8.000 4,2 Negatif OverBought Positif 7.500 7.750 7.975 8.000 7.950 7.875 8.075 8.125 7.750 Sell

BRPT IJ Equity 1.220 (19,2) Positif Trading Negatif 1.165 1.260 1.355 1.225 1.210 1.185 1.250 1.265 1.170 Hold

BSDE IJ Equity 1.140 (9,2) Negatif Trading Positif 1.070 1.145 1.220 1.155 1.135 1.125 1.165 1.185 1.105 Hold

BTPS IJ Equity 4.350 2,4 Positif Trading Negatif 4.220 4.615 5.000 4.340 4.310 4.290 4.360 4.390 4.225 Hold

CPIN IJ Equity 6.850 5,4 Negatif Trading Positif 6.000 6.600 7.200 6.850 6.775 6.750 6.875 6.950 6.625 Hold

CTRA IJ Equity 975 (6,3) Negatif Trading Positif 855 925 1.000 975 965 950 990 1.000 935 Hold

ERAA IJ Equity 1.780 (0,8) Positif OverBought Positif 1.540 1.700 1.865 1.795 1.770 1.740 1.825 1.850 1.715 Hold

EXCL IJ Equity 2.680 (14,9) Positif Oversold Negatif 2.570 2.885 3.200 2.720 2.650 2.590 2.780 2.850 2.550 Speculative Buy

GGRM IJ Equity 55.575 4,9 Positif Trading Negatif 54.050 56.025 58.025 55.450 54.900 54.550 55.800 56.350 53.725 Hold

HMSP IJ Equity 1.945 (7,4) Positif Oversold Negatif 1.905 2.050 2.190 1.955 1.935 1.920 1.970 1.990 1.890 Speculative Buy

ICBP IJ Equity 11.225 0,7 Negatif Oversold Negatif 10.650 11.350 12.050 11.150 10.950 10.775 11.325 11.525 10.625 Speculative Buy

INCO IJ Equity 3.120 (14,3) Positif Oversold Negatif 3.050 3.225 3.400 3.095 3.055 3.025 3.125 3.165 2.975 Speculative Buy

INDF IJ Equity 7.300 (7,9) Negatif Oversold Negatif 6.825 7.650 8.450 7.200 7.050 6.875 7.375 7.525 6.775 Speculative Buy

INKP IJ Equity 6.625 (14,0) Negatif Trading Positif 5.750 6.825 7.900 6.700 6.550 6.450 6.800 6.950 6.350 Hold

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 17.300 (9,1) Negatif Trading Positif 15.575 17.250 18.900 17.350 17.100 16.925 17.525 17.775 16.675 Hold

ITMG IJ Equity 10.925 (4,8) Negatif Trading Positif 9.525 10.600 11.700 10.900 10.725 10.600 11.025 11.200 10.425 Hold

JPFA IJ Equity 1.590 3,6 Negatif Trading Positif 1.420 1.505 1.590 1.575 1.560 1.530 1.605 1.620 1.505 Hold

JSMR IJ Equity 5.050 (2,4) Negatif Trading Positif 4.560 4.840 5.125 5.050 5.000 4.965 5.075 5.125 4.890 Hold

KLBF IJ Equity 1.420 (12,3) Negatif Trading Negatif 1.355 1.465 1.575 1.435 1.405 1.370 1.470 1.500 1.350 Sell

LPPF IJ Equity 3.550 (15,7) Negatif Trading Positif 2.885 3.350 3.815 3.605 3.495 3.445 3.655 3.765 3.390 Hold

MNCN IJ Equity 1.475 (9,5) Negatif Oversold Negatif 1.450 1.575 1.700 1.485 1.470 1.455 1.500 1.515 1.430 Speculative Buy

PGAS IJ Equity 1.555 (28,3) Negatif Oversold Positif 1.330 1.630 1.925 1.545 1.515 1.485 1.575 1.605 1.465 Speculative Buy

PTBA IJ Equity 2.490 (6,4) Negatif Trading Positif 2.175 2.300 2.425 2.460 2.405 2.360 2.505 2.560 2.320 Hold

PTPP IJ Equity 1.475 (6,9) Negatif Trading Positif 1.330 1.425 1.520 1.480 1.455 1.415 1.520 1.545 1.395 Hold

PWON IJ Equity 580 1,8 Negatif OverBought Positif 499 545 595 590 580 570 600 610 560 Sell

SCMA IJ Equity 1.330 (5,7) Negatif Trading Negatif 1.300 1.420 1.540 1.345 1.330 1.310 1.365 1.380 1.290 Sell

SMGR IJ Equity 11.775 (1,9) Negatif Trading Negatif 11.125 12.125 13.125 11.800 11.675 11.550 11.925 12.050 11.375 Sell

SRIL IJ Equity 228 (12,3) Negatif Trading Positif 201 226 250 230 222 214 238 246 211 Hold

TBIG IJ Equity 1.180 (4,1) Positif Trading Negatif 1.155 1.200 1.250 1.185 1.170 1.150 1.205 1.220 1.135 Hold

TKIM IJ Equity 8.225 (20,0) Negatif Oversold Negatif 6.800 8.825 10.850 8.250 7.950 7.800 8.400 8.700 7.675 Speculative Buy

TLKM IJ Equity 3.630 (8,6) Positif Oversold Negatif 3.595 3.775 3.955 3.625 3.600 3.575 3.650 3.675 3.520 Speculative Buy

TOWR IJ Equity 880 9,3 Positif OverBought Negatif 815 860 905 875 870 850 895 900 840 Sell

UNTR IJ Equity 18.425 (14,4) Negatif Oversold Positif 17.275 18.950 20.600 18.475 18.325 18.225 18.575 18.725 17.950 Speculative Buy

UNVR IJ Equity 7.650 (8,9) Negatif Oversold Negatif 7.250 7.875 8.500 7.575 7.475 7.350 7.700 7.800 7.250 Speculative Buy

WIKA IJ Equity 2.040 2,5 Negatif Trading Positif 1.860 1.960 2.065 2.060 2.030 2.000 2.090 2.120 1.970 Hold

WSKT IJ Equity 1.215 (18,2) Negatif Trading Positif 1.075 1.205 1.340 1.215 1.200 1.180 1.235 1.250 1.160 Hold

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE CALENDAR

Date Event Country Act Prev Cons

20-Feb-20 Japan, Foreign Bond Investment 15/FEB JPY ¥1633.8B

Japan, Stock Investment by Foreigners 15/FEB JPY ¥282.9B

China, Loan Prime Rate 1Y CNY 4.15%

China, Loan Prime Rate 5Y FEB CNY 4.8%

Indonesia, Lending Facility Rate FEB IDN 5.75%

Indonesia, Interest Rate Decision IDN 5%

Indonesia, Deposit Facility Rate FEB IDN 4.25%

GB Retail Sales MoM JAN GBR -0.6%

GB Retail Sales YoY JAN GBR -0.6%

US Initial Jobless Claims 15/FEB USD 208K

US Continuing Jobless Claims 08/FEB USD 1698K

US EIA Natural Gas Stocks Change 14/FEB USD -115Bcf

US EIA Crude Oil Stocks Change 14/FEB USD 7.459M

US CB Leading Index MoM JAN USD -0.3% 0.4%

21-Feb-20 Japan, Inflation Rate YoY JAN JPY 0.8%

Japan, Inflation Rate MoM JAN JPY 0.1%

Japan, Jibun Bank Manufacturing PMI Flash FEB JPY 48.8

Japan, All Industry Activity Index MoM DEC JPY 0.9%

Indonesia, Car Sales YoY JAN IDN -1.4%

GB Markit/CIPS Manufacturing PMI Flash FEB GBR 50

GB Markit/CIPS UK Services PMI Flash FEB GBR 53.9

GB Markit/CIPS Composite PMI Flash FEB GBR 53.3

US Markit Manufacturing PMI Flash FEB USD 51.9

US Markit Composite PMI Flash FEB USD 53.3

US Markit Services PMI Flash FEB USD 53.4

US Existing Home Sales MoM JAN USD 3.6%

US Existing Home Sales JAN USD 5.54M 5.41M

24-Feb-20 GB CBI Distributive Trades FEB GBR 0

US Chicago Fed National Activity Index JAN USD -0.35

US Dallas Fed Manufacturing Index FEB USD -0.2

25-Feb-20 Japan, Leading Economic Index Final DEC JPY 90.8 91.6

Japan, Coincident Index Final DEC JPY 94.7 94.7

GB CBI Distributive Trades FEB GBR 0

US House Price Index MoM DEC USD 0.2%

US CB Consumer Confidence FEB USD 131.6 132.4

US API Crude Oil Stock Change 21/FEB USD 4.2M

Source: Bloomberg Lp

https://tradingeconomics.com/united-states/existing-home-sales



CORPORATE ACTION

RUPS

Date Time Company Event Place

18-Feb-20 14:00 BBRI RUPST Gedung BRI 1 Jakarta Pusat

19-Feb-20 14:00 AGRO RUPST Gedung BRI Agro Lt 3 14:00 BMRI RUPST Jakarta

20-Feb-20 9:30 BBKP RUPSLB Gedung Bank Bukopin Lt 3 14:00 BBNI RUPST Menara BNI Lt 6

21-Feb-20 10:00 APEX RUPSLB Kantor perseroan

13:00 SATU RUPSLB Allstay Hotel

26-Feb-20 10:00 AISA RUPSLB Ruang seminar BEI 10:00 BEKS RUPSLB TBA

27-Feb-20 10:00 WICO RUPSLB Taman Impian Jaya Ancol

28-Feb-20 13:30 BRIS RUPST Gedung BRI Corporarate University Lt 2

03-Mar-20 10:00 ARNA RUPST Puri Indah Financial Tower

05-Mar-20 9:00 CSIS RUPSLB Kantor perseroan

14:00 GEMS RUPSLB Sinarmas Land Plaza Tower 2 Dividend

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

MFMI Cash Dividen 27-Des-19 30-Des-19 02-Jan-20 15-Jan-20 132 ADRO Cash Dividen 02-Jan-20 03-Jan-20 06-Jan-20 15-Jan-20 US$ 0.00469

KEJU Cash Dividen 03-Jan-20 06-Jan-20 07-Jan-20 13-Jan-20 33

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

Nara Hotel International Magenta Capital Sekuritas 03 - 04 Februari 2020 TBA 101 2.000

Diamond Citra Propertindo Tbk UOB Kay Hian Sekuritas 04 - 07 Februari 2020 16-Feb-20 102 2.147

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



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

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