www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX
6,290.55 (37.92)
0.60%
Previous 6,328.47 Lowest
6,281.61 Highest 6,338.11 Val IDR bn
7,804
Volbn 15.27 Mkt Cap IDRtr
7,217.66 Net Forg 1DIDRbn (98.96) Net ForgYTDIDRbn
59,160.17
Return YTD (%) 1.55 Month to date (%)
(0.60)
Indices
Last Chg% YTD% Americas
Dow Jones United States 26,403.28 0.16 13.19 S&P 500 United States 2,926.46 0.06 16.74 Nasdaq United States 7,962.88 (0.13) 20.01 EIDO United States 25.19 0.72 1.49 EMEA
FTSE 100 United Kingdom 7,281.94 1.04 8.23
CAC 40 France 5,493.04 0.23 16.11 D DAX Germany 11,953.78 0.12 13.21
Asia Pacific
Nikkei Japanese 20,620.19 0.06 3.08 Shanghai China 2,886.24 1.31 17.25 TWSE Taiwan 10,634.85 (0.12) 9.20 KOSPI Korea 1,969.19 0.19 (3.34) KLSE Malaysia 1,612.14 0.04 (4.60) ST – Times Singapore 3,082.96 (0.13) 0.33 Sensex India 37,068.93 0.71 3.51 Hangseng Hongkong 25,724.73 (0.38) (0.85)
Sectoral Previous Lastest Chg% YTD% AGRICULTURE 1,360.56 1,367.90 0.54 (12.56) MINING 1,611.86 1,640.05 1.75 (7.68) MISC INDUSTRY 1,188.64 1,170.20 (1.55) (16.08) BASIC INDUSTRY 884.16 887.48 0.38 3.83 CONSUMER GOODS 2,399.19 2,358.75 (1.69) (8.19) PROPERTY 499.47 493.97 (1.10) 10.32 INFRASTRUKTUR 1,230.61 1,223.97 (0.54) 15.00 FINANCE 1,263.90 1,254.92 (0.71) 6.74 MANUFAKTURE 1,532.19 1,515.72 (1.07) (6.33) TRADE 798.58 800.68 0.26 2.14 LQ 45 995.76 986.45 (0.94) 0.38
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 56.71 55.10 (2.84) 20.66 Gold (USD tr.oz) 1,520.30 1,529.40 0.60 18.96 Nickel (USD/mtrc ton) 17,900.00 18,060.00 0.89 68.94 Tin (USD/mtrc ton) 16,350.00 16,800.00 2.75 (13.74) Copper (USD/mtrc ton) 5,652.00 5,620.00 (0.57) (5.78) CPO (MYR/ton) 2,155.00 2,168.00 0.60 8.18 Coal (USD/ton) 64.00 65.75 2.73 (35.85)
Currencies
Last Chg% YTD% IDR / USD
14,194.00 0.31 1.38
IDR / AUD
9,543.13 0.61 6.52 IDR / EUR
15,575.40 1.26 5.59
IDR /SGD
10,206.96 0.48 3.41 IDR / JPY
133.56 0.24 (2.19)
IDR / GBP
17,152.53 1.24 6.80 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.25 1.80 2.30 Euro Area 0.00 1.00 1.10 United Kingdom 0.75 2.10 1.20 Japan 0.10 0.50 1.20 China 4.35 2.80 6.20 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 6.79 (0.06) (14.15) GovBonds (10y) 7.34 0.04 (8.60)
Inflasi YoY 3.49
Inflasi MoM 0.12 Bi rate 5.50 GDP Growth YoY (%) 5.05
Foreign Reserve (Bn) 125.90 Government Bonds Yield% Wow% Ytd% 7 Year 7.24 7.24 7.24 15 Year 7.76 7.76 7.76 20 Year 7.87 7.87 7.87 30 Year 8.06 8.06 8.06
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan awal pekan ini (02/09) IHSG ditutup melemah sebesar 0.60% ke level 6.290.55. Enam dari sepuluh indeks sektoral berakhir dalam zona merah, dimana sektor aneka industri dan barang konsumsi memimpin pelemahan masing-masing sebesar lebih dari 1%. Adapun saham yang menjadi penggerak indeks diantaranya ; BBCA, HMSP, UNVR, BBRI, GGRM. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 98 miliar. Nilai tukar rupiah terapresiasi sebesar 0.31% ke level 14.194.
Global Review
Pada awal pekan ini (02/09) bursa saham Wall Street ditutup karena hari libur buruh nasional di Amerika Serikat (AS).
JCI Prediction IHSG ditutup melemah sebesar 0.6% ke level 6.290. IHSG ditutup bearish candle dan membentuk swing high. Adapun indikator Stochastic dead cross dan MACD histogram bergerak turun dengan Volume turun. Kami perkirakan IHSG kembali bergerak melemah dengan pergerakan di kisaran 6223-6306.
Major Economic Release
Markit Manufacturing PMI Indonesia bulan
Agustus turun ke level 49. dari sebelumnya di
level 49.6.
Capital Spending Japan pada Kuartal II 2019
tercatat tumbuh melambat atau sebesar
1.9% lebih rendah dari sebelumnya sebesar
6.1% (YoY).
Inflation Rate Indonesia pada bulan Agustus
tercatat sebesar 3.49% lebih tinggi dari
sebelumnya sebesar 3.32% (YoY).
Markit/CIPS Manufacturing PMI United
Kingdom bulan Agustus turun ke level 47.4.
dari sebelumnya di level 48.
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
INCO IJ Equity
3,970 12.46 21.78 39.45 1.86
BRPT IJ Equity
990 9.39 107.11 88.12 1.38
ANTM IJ Equity
1,170 9.35 52.94 28.12 1.73
EXCL IJ Equity
3,620 4.02 82.83 38.69 1.16
PGAS IJ Equity
1,995 3.91 (5.90) 48.36 1.85
Top Losers
Last Chg% YTD% MC (T) Beta
WIKA IJ Equity
2,000 (9.50) 20.85 17.94 1.52
PTPP IJ Equity
1,760 (4.86) (2.49) 10.91 1.88
GGRM IJ Equity
66,400 (4.43) (20.60) 127.76 0.93
ITMG IJ Equity
12,450 (4.23) (38.52) 14.07 1.36
CTRA IJ Equity
1,050 (4.11) 3.96 19.49 2.03
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
ANTM IJ Equity
1,170 380.9 52.9 28.12 1.73
BRPT IJ Equity
990 173.6 107.1 88.12 1.38
INCO IJ Equity
3,970 166.1 21.8 39.45 1.86
HMSP IJ Equity
2,630 94.3 (29.1) 305.92 1.21
ADRO IJ Equity
1,155 81.2 (4.9) 36.94 1.42
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBRI IJ Equity
4,220 460.0 15.3 520.52 1.64
BBCA IJ Equity
30,000 441.9 15.4 739.65 1.02
TLKM IJ Equity
4,410 419.6 19.3 436.86 0.78
BMRI IJ Equity
7,175 381.6 (2.7) 334.83 1.54
ASII IJ Equity
6,550 348.2 (20.4) 265.17 1.28
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific
IHSG
Indonesia 6,291 20.13 2.15 6,800
Nikkei
Japanese 20,620 14.65 1.56 24,014
Shanghai
China 2,924 14.13 1.45 3,274
TWSE
Taiwan 10,635 16.84 1.62 11,395
KOSPI
Korea 1,969 12.70 0.78 2,562
KLSE
Malaysia 1,612 19.53 1.63 1,696
ST - Times
Singapore 3,083 12.12 1.03 3,583
Sensex
India 37,333 25.95 2.81 42,721
Hangseng
Hongkong 25,627 9.99 1.14 32,250
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
SMMA IJ Equity
9600 20.00 10.98 61 0.74
BRPT IJ Equity
990 9.39 107.11 88 1.38
INCO IJ Equity
3970 12.46 21.78 39 1.86
ANTM IJ Equity
1170 9.35 52.94 28 1.73
IPTV IJ Equity
380 21.79 #N/A N/A 13 8.35
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
30000 (1.64) 15.38 740 1.02
HMSP IJ Equity
2630 (2.23) (29.11) 306 1.21
UNVR IJ Equity
47950 (1.84) 5.62 366 1.07
BBRI IJ Equity
4220 (1.17) 15.30 521 1.64
GGRM IJ Equity
66400 (4.43) (20.60) 128 0.93
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1,434.94 (3.44) (4.93)
Oso Syariah Equity Fund
1,296.05 (4.77) 165.54
Source: Bloomberg LP & OSO Research Team
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
COMPARATION OF JCI PERFORMANCE (SEAG)
www.oso-securities.com Disclaimer on.
OSODaily 05 April 2019
OSODaily 03 September 2019
MACRO ECONOMIC & INDUSTRY NEWS
o Badan Pusat Statistik (BPS) mencatat nilai tukar petani (NTP) atau daya beli petani nasional naik 0,58% (mom),
yaitu dari 102,63 pada Juli 2019. Kenaikan NTP Agustus 2019 disebabkan oleh kenaikan indeks harga yang diterima
petani (lt) naik sebesar 0,69%, lebih tinggi dibandingkan dengan kenaikan indeks harga yang dibayar petani (lb)
sebesar 0,11%.
o Badan Pusat Statistik (BPS) mencatat jumlah kunjungan wisatawan mancanegara (wisman) pada Juli
2019 mengalami peningkatan 2,03% (mom). Namun, bila secara year on year, mengalami penurunan sebesar
4,10%.
o China mengajukan gugatan ke Organisasi Perdagangan Dunia (WTO) terhadap langkah Amerika Serikat (AS) yang
mengenakan tarif 15% atas produk mereka. Kementerian Perdagangan China tidak mengungkapkan secara perinci
keberatan yang ajukan ke WTO. Tapi mereka mengatakan, tarif AS berdampak atas ekspor China ke US senilai US$
300 miliar .
CORPORATES NEWS o Beban keuangan PT Indosat Tbk (ISAT) sedikit berkurang. Pasalnya, perusahaan baru saja melunasi salah satu
utangnya yang jatuh tempo. Hutang yang dilunasi adalah Obligasi Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri
B dan Sukuk Ijarah Berkelanjutan I Indosat Tahap IV Tahun 2016 Seri B. Pelunasannya dilakukan pada 2 September.
Jika ditotalkan, utang yang dilunasi mencapai Tp 1,15 triliun.
o PT Mega Perintis Tbk (ZONE) bersiap untuk ekspansi ke bisnis pakaian wanita. Lama dikenal sebagai peritel pakaian
pria mulai diversifikasi produknya. Perseroan mengatakan pengembangan produk sudah dilaksanakan pada tahun
ini. Uji tes produksi akan mulai dilaksanakan periode Oktober sampai Desember.
o PT Trisula International Tbk (TRIS) bakal menggelar penambahan modal dengan hak memesan efek terlebih
dahulu (PMHMETD) atau rights issue. TRIS berencana melepas maksimal 2,09 miliar saham dengan harga nominal
Rp 100 per saham. Sebagai pemanis, perusahaan juga menerbitkan waran seri I maksimal 348,98 juta waran.
o PT Bank Danamon Indonesia Tbk (BDMN) dan PT Bank Nusantara Parahyangan Tbk (BNPB) telah menyelesaikan
proses penggabungan usaha secara operasional.Nasabah bank yang bergabung yakni BNP sudah dapat menikmati
beragam produk dan layanan Bank Danamon.
o PT Indo Kordsa Tbk (BRAM) masih fokus pada pasar ekspor yang sudah ada ketimbang menjajal pasar baru. Asal
tahu saja, sampai semester I 2019, kontribusi penjualan ekspor sudah mencuil 60% dari total pendapatan Indo
Kordsa.
o Pemerintah akan segera memberlakukan pelarangan ekspor bijih nikel atau ore nikel pada akhir Desember 2019.
Menyambut itu, PT Aneka Tambang Tbk (ANTM) akan melakukan evaluasi strategi untuk mengganti pendapatan
ekspor bijih nikel dengan meningkatkan kinerja komoditas lainnya yakni feronikel, emas dan bauksit.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 03 September 2019
Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : BUY Entry Buy : 1.145 – 1.155 Target Price : 1.180 – 1.200 Support : 1.130 – 1.140 Cutloss : 1.125
DAILY TECHNICAL
Adaro Tirta Mandiri Dan ITB Kembangkan Smart Water Meter PT Adaro Tirta Mandiri (ATM) bekerjasama dengan Lembaga Pengembangan Inovasi dan Kewirausahaan Institut Teknologi Bandung (LPIK-ITB) mengembangkan Smart Water Meter atau alat pencatat air digital Smart Water Meter. Penandatanganan kerjasama tersebut dilakukan Direktur Utama ATM Wito Krisnahadi, Direktur ATM Ahmad Rosyid, dan Wakil Rektor Bidang Riset, Inovasi & Kemitraan ITB Prof. Bambang Riyanto Trilaksono, Jumat, 30/8/2019, di Ruang Rapim A, Rektorat ITB, Bandung. Direktur Utama PT Adaro Tirta Mandiri, Wito Krisnahadi menjelaskan kerjasama ini akan dilakukan dalam 3 tahap.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.180. Apabila break 1.180 next harga ke level 1.200. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.125 jika sudah melewati support 1.130 – 1.140.
|ADRO|PE : 4.40x | PBV : 0.59x | ROE: 13.36% | NPM : 16.72% | DER : 0.61x | Fair Value : 1.500|
Souce: OSO Research Team
BUY
NOTE:
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 03 September 2019
Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : BUY Entry Buy : 1.970 – 2.000 Target Price : 2.040 – 2.070 Support : 1.955 – 1.965 Cutloss : 1.950
DAILY TECHNICAL
BUY |PGAS|PE : 13.04x | PBV : 1.03x | ROE: 7.90% | NPM : 7.56% | DER : 1.27x | Fair Value : 2.500|
PGN-Pemkot Yogya Teken MoU Pemanfaatan Gas Bumi Untuk mewujudkan program 'smart city' di wilayah kota Yogyakarta, PT Perusahaan Gas Negara Tbk (PGN) hari ini menandatangani nota kesepahaman dengan Pemerintah Kota (Pemkot) Yogyakarta dalam penyediaan infrastruktur dan pemanfaatan gas bumi di kota ini. Penandatangan kerjasama ini dilakukan oleh Walikota Yogyakarta Haryadi Suyuti dan Direktur Utama PGN Gigih Prakoso di ruang Nakula, Pemkot Yogyakarta. Hadir dalam kesempatan ini jajaran manajemen PGN dan para pejabat di lingkungan Pemkot Yogyakarta. Direktur Utama PGN Gigih Prakoso menyatakan, kerjasama dengan Pemkot Yogyakarta ini merupakan bagian dari strategi jangka panjang PGN untuk memperluas pemanfaatan gas bumi di wilayah-wilayah yang belum terjamah energi baik gas bumi.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang menguji level 2.040. Apabila break 2.040 next harga ke level 2.070. Hati-hati jika harga tidak mampu tembus 2.040 atau malah berbailk menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.950 jika sudah melewati support 1.955 – 1.965.
NOTE:
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 03 September 2019
Technical
Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat
Recommendation : BUY Entry Buy : 1.085 – 1.110 Target Price : 1.130 – 1.165 Support : 1.075 – 1.085 Cutloss : 1.070
DAILY TECHNICAL
BUY |TINS|PE : 6.85x | PBV : 1.19x | ROE: 17.41% | NPM : 7.11% | DER : 1.59x | Fair Value : 1.750|
Pemda Bangka Belitung Ajukan Tambahan 10% Saham Di TINS Pemerintah Provinsi Kepulauan Bangka Belitung mengajukan tambahan 10% kepemilikan saham di Timah Tbk (TINS) untuk mendukung pembangunan infrastruktur dan ekonomi masyarakat di provinsi tersebut. Saat ini saham TINS yang diberikan kepada Pemprov Kepulauan Bangka Belitung sebesar. Selain tambahan 10% saham TINS Pemprov Bangka Belitung juga mengajukan penambahan royalti guna mempercepat pembangunan menginat saat ini pendapatan di sektor penambangan bijih timah ini besar, namun belum bisa mendukung pembangunan secara kuat. Di sisi lain manajemen TINS mengatakan akan mengikuti keputusan pemerintah selaku pemegang saham mayoritas.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.130. Apabila berhasil menguji 1.130 next harga ke level 1.165. Hati-hati jika harga tidak mampu break up atau berbalik menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.070 jika sudah melewati support 1.075 – 1.085.
NOTE:
www.oso-securities.com Disclaimer on.
OSODaily 08 April 2019
OSODaily 03 September 2019
Sector Rotation
Mingguan
Bulanan
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR BASIC INDUSTRY
BRPT IJ Equity 990 9.39 107.11 5.23 77.04 7.12 1.13 5.21 98.23 630 -36% Sell
CPIN IJ Equity 4,890 (2.69) (32.32) 4.18 20.85 12.89 13.99 21.19 22.95 4,571 -7% Sell
INKP IJ Equity 6,825 (0.36) (40.91) 0.68 6.67 2.67 4.61 10.66 113.83 11,300 66% Buy
INTP IJ Equity 21,400 (1.50) 15.99 3.61 55.06 29.64 5.47 6.48 0.50 19,895 -7% Sell
JPFA IJ Equity 1,520 (3.49) (29.30) 1.83 9.40 4.31 8.00 20.16 59.63 1,728 14% Buy
SMGR IJ Equity 13,275 0.19 15.43 2.60 30.39 11.16 4.11 8.74 30.13 14,687 11% Buy
TKIM IJ Equity 9,750 (2.01) (12.16) 1.61 10.54 16.04 6.95 16.45 120.71 13,000 33% Buy
TPIA IJ Equity 8,900 0.85 50.21 6.27 88.66 29.21 4.18 7.14 34.35 4,568 -49% Sell
Industry Average in LQ45 3.25 37.33 14.13 6.06 12.00 60.04
Total of Industry Average 1.75 24.77 10.24 2.29 (23.66) 101.08
SECTOR CONSUMER GOODS
GGRM IJ Equity 66,400 (4.43) (20.60) 2.88 15.00 8.85 12.84 20.01 38.38 91,809 38% Buy
HMSP IJ Equity 2,630 (2.23) (29.11) 10.74 21.59 16.32 32.64 50.51 0.33 3,638 38% Buy
ICBP IJ Equity 11,975 (0.62) 14.59 6.13 28.72 17.11 13.48 22.92 9.06 12,041 1% Hold
INDF IJ Equity 8,000 0.95 7.38 2.01 14.76 5.77 4.98 14.36 59.18 8,308 4% Hold
KLBF IJ Equity 1,675 (0.89) 10.20 5.35 31.42 20.86 13.62 17.85 2.34 1,604 -4% Sell
UNVR IJ Equity 47,950 (1.84) 5.62 72.09 39.44 26.70 43.81 183.94 20.26 45,656 -5% Sell
Industry Average in LQ45 16.53 25.16 15.93 20.23 51.60 21.59
Total of Industry Average 6.38 25.90 20.68 9.18 19.76 46.26
SECTOR INFRASTRUCTURE
EXCL IJ Equity 3,620 4.02 82.83 2.07 130.48 4.02 (5.11) (14.59) 125.77 3,861 7% Hold
JSMR IJ Equity 5,400 (3.57) 26.17 2.22 17.68 5.84 2.50 13.33 157.26 6,444 19% Buy
PGAS IJ Equity 1,995 3.91 (5.90) 1.35 15.98 2.67 3.11 7.41 109.43 2,478 24% Buy
TLKM IJ Equity 4,410 (0.90) 19.27 4.65 21.40 6.67 9.77 22.82 37.58 4,713 7% Hold
Industry Average in LQ45 2.57 46.39 4.80 2.57 7.24 107.51
Total of Industry Average 3.05 38.15 189.30 (4.07) (63.46) 131.60
Source: Bloomber LP
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR MINING
ADRO IJ Equity 1,155 2.67 (4.94) 0.69 5.01 2.00 7.45 14.21 32.95 1,574 36% Buy
AKRA IJ Equity 4,240 (0.70) (1.17) 2.06 23.44 13.44 4.78 11.01 42.61 4,929 16% Buy
ANTM IJ Equity 1,170 9.35 52.94 1.41 35.13 10.26 2.47 4.14 50.26 1,299 11% Buy
INCO IJ Equity 3,970 12.46 21.78 1.50 529.55 23.27 0.23 0.27 1.94 4,033 2% Hold
INDY IJ Equity 1,335 (1.11) (15.77) 0.53 30.28 1.02 0.46 1.74 129.53 2,125 59% Buy
ITMG IJ Equity 12,450 (4.23) (38.52) 1.08 4.19 2.32 17.45 25.70 - 18,674 50% Buy
MEDC IJ Equity 730 (1.35) 6.57 0.72 9.06 1.41 (1.14) (5.07) 202.38 1,043 43% Buy
PTBA IJ Equity 2,420 (2.02) (43.72) 1.48 5.41 3.89 19.44 29.25 5.12 3,422 41% Buy
Industry Average in LQ45 1.18 80.26 7.20 6.39 10.16 58.10
Total of Industry Average 2.22 38.64 13.04 3.72 4.49 94.98
SECTOR MISC INDUSTRY
ASII IJ Equity 6,550 (1.87) (20.36) 1.90 12.57 6.81 6.40 15.79 49.27 8,009 22% Buy
SRIL IJ Equity 334 (0.60) (6.70) 0.84 5.21 2.29 6.72 17.23 139.64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1.37 8.89 4.55 6.56 16.51 94.46
Total of Industry Average 2.66 394.65 5.89 3.03 3.31 94.41
SECTOR PROPERTY
BSDE IJ Equity 1,345 (0.37) 7.17 0.90 8.59 8.49 5.69 11.01 46.06 1,706 27% Buy
CTRA IJ Equity 1,050 (4.11) 3.96 1.34 14.95 7.32 3.84 9.39 50.80 1,349 28% Buy
PTPP IJ Equity 1,760 (4.86) (2.49) 0.85 7.89 3.67 2.84 11.34 74.03 2,647 50% Buy
PWON IJ Equity 620 (3.13) - 2.19 10.75 7.95 11.10 22.42 36.44 765 23% Buy
WIKA IJ Equity 2,000 (9.50) 20.85 1.17 8.52 4.36 3.70 14.89 78.93 2,832 42% Buy
WSKT IJ Equity 1,705 (2.29) 1.49 1.28 11.74 4.59 1.58 11.35 224.10 2,305 35% Buy
Industry Average in LQ45 1.29 10.41 6.06 4.79 13.40 85.06
Total of Industry Average 2.83 28.93 14.11 4.59 10.09 47.63
Source: Bloomber LP
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR TRADE
ERAA IJ Equity 1,550 - (29.55) 1.07 9.64 4.12 4.54 11.78 88.81 1,952 26% Buy
LPPF IJ Equity 3,020 - (46.07) 4.68 9.41 5.04 15.33 45.23 - 4,783 58% Buy
MNCN IJ Equity 1,250 0.81 81.16 1.47 7.59 4.41 12.35 20.53 42.22 1,565 25% Buy
SCMA IJ Equity 1,225 (0.81) (34.49) 3.60 12.59 9.11 20.52 29.07 0.33 1,889 54% Buy
UNTR IJ Equity 20,600 (1.55) (24.68) 1.40 6.85 3.07 10.84 21.57 17.95 30,275 47% Buy
Industry Average in LQ45 2.44 9.21 5.15 12.72 25.64 29.86
Total of Industry Average 7.35 33.54 17.26 1.21 2.72 65.29
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 30,000 (1.64) 15.38 4.63 27.09 88.15 1.40 6.53 6.30 30,749 2% Hold
BBRI IJ Equity 4,220 (1.17) 15.30 2.74 15.34 90.10 2.27 7.35 64.57 4,710 12% Buy
BBNI IJ Equity 7,625 (0.97) (13.35) 1.24 9.34 92.85 1.90 5.14 82.33 9,995 31% Buy
BBTN IJ Equity 2,010 0.50 (20.87) 0.86 7.92 103.45 2.82 3.81 188.00 2,676 33% Buy
BMRI IJ Equity 7,175 (1.03) (2.71) 1.80 12.70 100.47 2.75 5.36 56.75 9,013 26% Buy
BTPS IJ Equity 3,200 (0.62) 78.27 6.17 24.62 454.49 1.39 38.72 149.94 3,653 14% Buy
Industry Average in LQ45 2.26 14.48 95.00 2.23 5.64 79.59
Total of Industry Average 4.99 33.27 110.09 3.09 7.53 84.38
Source: Bloomber LP
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
ADRO IJ Equity 1,155 (4.9) Negatif Trading Positif 1,005 1,075 1,150 1,135 1,115 1,080 1,170 1,190 1,065 Hold
AKRA IJ Equity 4,240 (1.2) Negatif OverBought Positif 3,665 3,985 4,300 4,255 4,205 4,155 4,305 4,355 4,090 Sell
ANTM IJ Equity 1,170 52.9 Negatif Trading Negatif 925 1,040 1,160 1,145 1,115 1,085 1,175 1,205 1,070 Sell
ASII IJ Equity 6,550 (20.4) Positif Trading Positif 6,250 6,600 6,950 6,650 6,550 6,475 6,725 6,825 6,375 Speculative Buy
BBCA IJ Equity 30,000 15.4 Negatif Trading Positif 29,600 30,025 30,425 30,250 30,000 29,750 30,500 30,750 29,300 Hold
BBNI IJ Equity 7,625 (13.4) Negatif Trading Positif 7,425 7,800 8,175 7,675 7,600 7,575 7,700 7,775 7,450 Hold
BBRI IJ Equity 4,220 15.3 Negatif Trading Positif 4,020 4,200 4,380 4,245 4,210 4,175 4,280 4,315 4,110 Hold
BBTN IJ Equity 2,010 (20.9) Positif Oversold Negatif 2,020 2,215 2,410 2,020 1,975 1,960 2,035 2,080 1,930 Speculative Buy
BMRI IJ Equity 7,175 (2.7) Negatif Trading Negatif 7,000 7,300 7,575 7,200 7,150 7,100 7,250 7,300 6,975 Sell
BRPT IJ Equity 990 107.1 Negatif OverBought Positif 635 770 905 940 890 820 1,010 1,060 810 Sell
BSDE IJ Equity 1,345 7.2 Positif Trading Positif 1,285 1,350 1,420 1,350 1,340 1,335 1,355 1,365 1,315 Speculative Buy
BTPS IJ Equity 3,200 78.3 Positif Trading Positif 3,100 3,260 3,420 3,215 3,185 3,165 3,235 3,265 3,115 Speculative Buy
CPIN IJ Equity 4,890 (32.3) Negatif Trading Positif 4,480 4,750 5,025 4,955 4,860 4,755 5,050 5,150 4,680 Hold
CTRA IJ Equity 1,050 4.0 Positif Oversold Negatif 1,085 1,195 1,305 1,075 1,045 1,020 1,100 1,130 1,005 Speculative Buy
ERAA IJ Equity 1,550 (29.5) Negatif Oversold Negatif 1,390 1,830 2,265 1,570 1,525 1,510 1,585 1,630 1,485 Speculative Buy
EXCL IJ Equity 3,620 82.8 Negatif OverBought Positif 3,155 3,310 3,470 3,565 3,475 3,395 3,645 3,735 3,340 Sell
GGRM IJ Equity 66,400 (20.6) Positif Oversold Negatif 70,275 74,125 77,950 67,950 66,025 64,075 69,900 71,825 63,125 Speculative Buy
HMSP IJ Equity 2,630 (29.1) Positif Oversold Negatif 2,740 2,890 3,040 2,650 2,595 2,520 2,725 2,780 2,480 Speculative Buy
ICBP IJ Equity 11,975 14.6 Negatif OverBought Positif 10,825 11,525 12,225 12,025 11,975 11,875 12,125 12,175 11,700 Sell
INCO IJ Equity 3,970 21.8 Negatif OverBought Positif 2,895 3,285 3,675 3,975 3,625 3,455 4,145 4,495 3,400 Sell
INDF IJ Equity 8,000 7.4 Negatif OverBought Positif 7,075 7,550 8,050 7,950 7,875 7,725 8,100 8,175 7,600 Sell
INDY IJ Equity 1,335 (15.8) Negatif Trading Positif 1,310 1,365 1,420 1,350 1,330 1,315 1,365 1,385 1,295 Hold
INKP IJ Equity 6,825 (40.9) Negatif Trading Positif 6,325 7,025 7,725 6,825 6,750 6,650 6,925 7,000 6,550 Hold
source: Bloomberg Lp
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
INTP IJ Equity 21,400 16.0 Negatif Trading Negatif 20,700 21,650 22,625 21,575 21,350 21,025 21,900 22,125 20,725 Sell
ITMG IJ Equity 12,450 (38.5) Negatif Oversold Positif 10,700 13,625 16,550 12,750 12,425 12,150 13,025 13,350 11,950 Speculative Buy
JPFA IJ Equity 1,520 (29.3) Positif Trading Positif 1,495 1,565 1,640 1,555 1,520 1,485 1,590 1,625 1,465 Speculative Buy
JSMR IJ Equity 5,400 26.2 Positif Trading Negatif 5,450 5,675 5,900 5,500 5,375 5,275 5,600 5,725 5,200 Hold
KLBF IJ Equity 1,675 10.2 Negatif OverBought Positif 1,345 1,535 1,725 1,670 1,650 1,615 1,705 1,725 1,590 Sell
LPPF IJ Equity 3,020 (46.1) Negatif Oversold Negatif 2,940 3,170 3,395 3,040 3,005 2,990 3,055 3,090 2,945 Speculative Buy
MEDC IJ Equity 730 6.6 Negatif Oversold Negatif 725 770 820 730 710 700 740 760 685 Speculative Buy
MNCN IJ Equity 1,250 81.2 Positif Trading Negatif 1,225 1,275 1,320 1,245 1,220 1,195 1,270 1,295 1,175 Hold
PGAS IJ Equity 1,995 (5.9) Negatif Trading Positif 1,835 1,940 2,040 1,960 1,920 1,875 2,005 2,045 1,845 Hold
PTBA IJ Equity 2,420 (43.7) Negatif Trading Positif 2,340 2,470 2,595 2,450 2,415 2,390 2,475 2,510 2,350 Hold
PTPP IJ Equity 1,760 (2.5) Positif Oversold Positif 1,800 1,890 1,975 1,805 1,755 1,695 1,865 1,915 1,670 Buy
PWON IJ Equity 620 - Positif Oversold Negatif 625 675 725 630 615 600 645 660 590 Speculative Buy
SCMA IJ Equity 1,225 (34.5) Negatif Trading Positif 1,135 1,230 1,330 1,245 1,195 1,160 1,280 1,330 1,140 Hold
SMGR IJ Equity 13,275 15.4 Negatif OverBought Negatif 12,425 12,900 13,375 13,250 13,125 13,000 13,375 13,500 12,800 Strong Sell
SRIL IJ Equity 334 (6.7) Positif Trading Negatif 335 339 343 336 333 332 337 340 327 Hold
TKIM IJ Equity 9,750 (12.2) Negatif Trading Positif 8,975 9,850 10,700 9,850 9,675 9,600 9,925 10,100 9,450 Hold
TLKM IJ Equity 4,410 19.3 Negatif OverBought Positif 4,110 4,315 4,515 4,425 4,400 4,375 4,450 4,475 4,310 Sell
TPIA IJ Equity 8,900 50.2 Negatif Strong Sell Positif 6,475 7,825 9,175 8,875 8,800 8,725 8,950 9,025 8,600 Sell
UNTR IJ Equity 20,600 (24.7) Negatif Oversold Positif 19,025 21,325 23,650 20,750 20,575 20,350 20,975 21,150 20,050 Speculative Buy
UNVR IJ Equity 47,950 5.6 Negatif OverBought Positif 42,800 45,475 48,175 48,325 47,925 47,500 48,750 49,150 46,800 Sell
WIKA IJ Equity 2,000 20.8 Positif Trading Negatif 2,160 2,275 2,385 2,115 1,995 1,885 2,225 2,345 1,855 Hold
WSKT IJ Equity 1,705 1.5 Positif Oversold Negatif 1,715 1,795 1,870 1,730 1,705 1,680 1,755 1,780 1,655 Speculative Buy
source: Bloomberg Lp
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
2-Sep-19 Japan, Capital Spending YoY Q2 JPY 1.9% 6.1% Indoneesia, Markit Manufacturing PMI AUG IDN 49.0
49.6
Indoneesia, Inflation Rate YoY AUG IDN 3.49% 3.32% 3.27%
Indoneesia, Inflation Rate MoM AUG IDN 0.12% 0.31% 0.26%
Indoneesia, Tourist Arrivals YoY JUL IDN -4.1% 9.94% GB Markit/CIPS Manufacturing PMI AUG GBR 47.4 48 3-Sep-19 GB Construction PMI AUG GBR 45.3
US Markit Manufacturing PMI Final AUG USD 50.4 49.9
US ISM Manufacturing PMI AUG USD 51.2 51.4
US IBD/TIPP Economic Optimism SEP USD 55.1
US Construction Spending MoM JUL USD -1.3% 0.3%
US Total Vehicle Sales AUG USD 16.8M
4-Sep-19 China, Caixin Services PMI AUG CNY 51.6
China, Caixin Composite PMI AUG CNY 50.9
US Balance of Trade JUL USD $-55.2B
US Exports JUL USD $206.3B
US Imports JUL USD $261.5B
US API Crude Oil Stock Change AUG/30 USD -3.5M
Source: Bloomberg Lp
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
CORPORATE ACTION
RUPS
Date Time Company Event Place
5-Sep-19 8:30 URBN RUPSLB Hotel Grandhika Iskandarsyah 10:00 MPRO RUPSLB Mayapada Tower 2
11-Sep-19 10:00 BTPN RUPSLB Menara BTPN Lt 27 10:00 COCO RUPSLB Bandung
12-Sep-19 14:00 MKNT RUPSLB Jakarta
17-Sep-19 14:00 PANI RUPSLB Aula Serbaguna Dahlia Apartemen Kedoya
18-Sep-19 10:00 INAF RUPSLB Hotel Borobudur Jakarta 14:00 KAEF RUPSLB Hotel Borobudur Jakarta Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
IKBI Cash Dividen 30-Jul-19 31-Jul-19 1-Aug-19 22-Aug-19 8.8
AKRA Cash Dividen 5-Aug-19 6-Aug-19 7-Aug-19 16-Aug-19 50
SMSM Cash Dividen 8-Aug-19 9-Aug-19 12-Aug-19 23-Aug-19 15
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Kencana Energy Tbk Bahana, RHB, Mirae Asset Sekuritas 23 - 27 Agustus 2019 2-Sep-19 396 733
Bhakti Agung Propertindo Tbk MNC Sekuritas 30 Agu - 02 Sep 2019 6-Sep-19 150 - 200 1,677
Optima Prima Metal Sinergi Sinarmas Sekuritas 12 - 16 September 2019 23-Sep-19 125 - 135 400
Source: KSEI and OSO Research Team
www.oso-securities.com Disclaimer on.
OSODaily 03 September 2019
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
Top Related