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OSODaily 05 Februari 2020
ODAY TOP STOCK TRADED (LQ45)
JAKARTA COMPOSITE INDEX
5.922,34 38,17
0,65%
Previous 5.884,17 Lowest
5.911,38 Highest 5.952,95 Val IDR bn
7.550
Volbn 7.303 Mkt Cap IDRtr
6.843,84 Net Forg 1DIDRbn 143,46 Net ForgYTDIDRbn
(652,88)
Return YTD (%) (5,99) Month to date (%)
(0,30)
Indices
Last Chg% YTD% Americas
Dow Jones United States 28.807,63 1,44 13,36 S&P 500 United States 3.297,59 1,50 20,45 Nasdaq United States 9.467,97 2,10 27,91 EIDO United States 24,48 1,37 (10,56) EMEA
FTSE 100 United Kingdom 7.439,82 1,55 3,66
CAC 40 France 5.935,05 1,76 16,75 D DAX Germany 13.281,74 1,81 16,83
Asia Pacific
Nikkei Japan 22.971,94 0,49 10,54 Shanghai China 2.746,61 1,34 6,30 TWSE Taiwan 11.354,92 1,77 16,35 KOSPI Korea 2.118,88 1,84 (2,07) KLSE Malaysia 1.521,95 0,91 (8,78) ST – Times Singapore 3.116,31 1,38 (0,80) Sensex India 39.872,31 2,15 11,33 Hangseng Hongkong 26.356,98 1,21 (4,70)
Sectoral Previous Last Chg% YTD% AGRICULTURE 1.299,90 1.299,01 (0,07) (14,79) MINING 1.389,87 1.400,05 0,73 (9,59) MISC INDUSTRY 1.106,01 1.124,56 1,68 (8,11) BASIC INDUSTRY 869,21 870,90 0,19 (10,96) CONSUMER GOODS 1.975,82 1.982,59 0,34 (3,41) PROPERTY 446,29 446,61 0,07 (11,37) INFRASTRUKTUR 1.025,14 1.026,69 0,15 (9,74) FINANCE 1.310,82 1.328,27 1,33 (1,95) MANUFAKTURE 1.356,36 1.363,18 0,50 (6,68) TRADE 716,15 712,54 (0,50) (7,44) LQ 45 953,26 964,84 1,21 (4,89)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 50,11 49,61 (1,00) (18,49) Gold (USD tr.oz) 1.576,73 1.552,92 (1,51) 2,54 Nickel (USD/mtrc ton) 12.725,00 12.830,00 0,83 (8,52) Tin (USD/mtrc ton) 16.205,00 16.325,00 0,74 (4,95) Copper (USD/mtrc ton) 5.525,00 5.618,00 1,68 (9,01) CPO (MYR/ton) 2.670,00 2.717,00 1,76 (10,65) Coal (USD/ton) 69,45 69,45 - 2,51
Currencies
Last Chg% YTD% IDR / USD
13.715,00 (0,44) 1,10
IDR / AUD
9.215,52 (0,78) 5,45 IDR / EUR
15.165,56 (0,76) 2,56
IDR /SGD
10.007,13 0,25 3,01 IDR / JPY
125,79 (0,29) 1,53
IDR / GBP
17.811,09 0,73 2,31 Global Macro Economics CB Rate CPI YoY GDP YoY United States 1,75 2,30 2,30 Euro Area 0,00 1,40 1,00 United Kingdom 0,75 1,30 1,10 Japan 0,10 0,80 1,70 China 4,35 4,50 6,00 Domestic macro Economics 1,75 2,30 2,30 Jibor 5,00 (15,02) 28,20 GovBonds (5y) 6,00 (1,15) (6,73) GovBonds (10y) 6,63 (1,05) (6,17)
Inflasi YoY 0,39
Inflasi MoM 0,39 Bi rate 5,00 GDP Growth YoY (%) 5,02
Foreign Reserve (Bn) 129,18 Government Bonds Yield% Wow% Ytd% 7 Year 6,63 6,64 6,64 15 Year 7,17 7,17 7,17 20 Year 7,35 7,35 7,35 30 Year 7,60 7,60 7,60
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (04/02) IHSG ditutup rebound sebesar 0.65% ke level 5.922.34. Delapan dari sepuluh indeks sektoral ditutup dalam zona hijau, dimana sektor aneka industri dan keuangan memimpin penguatan masing-masing sebesar 1.68% dan 1.33%. Adapun saham yang menjadi penggerak indeks diantaranya ; BBCA, BBRI, ASII, BBNI, ICBP. Pelaku pasar asing membukukan aksi beli bersih (Netbuy) senilai Rp 143 miliar. Nilai tukar rupiah terdepresiasi sebesar 0.44% ke level 13,715. Global Review Pada perdagangan semalam (04/02) bursa saham Wall Street kompak ditutup dalam teritori positif, dimana Nasdaq naik sebesar 2.1%, kemudian S&P 500 dan Dow Jones masing-masing naik sebesar 1.5% dan 1.4%. Penguatan tersebut masih ditopang data ekonomi dari Amerika Serikat (AS) yang kian membaik, kali ini dari data pesanan barang baru AS bulan desember 2019 yang mencatatkan pertumbuhan sebesar 1.8% secara bulanan dibandingkan sebelumnya yang turun sebesar 1.2%. Selain itu, sentimen positif dari global yakni adanya rilis laporan keuangan emiten dari China di tahun 2019 yang mayoritas berhasil mencatatkan pertumbuhan. JCI Prediction IHSG ditutup turun sebesar 0.65% ke level 5.922. IHSG ditutup bearish candle. Adapun indikator Stochastic konsolidasi dan MACD histogram bergerak ke arah positif dengan Volume meningkat. Kami perkirakan IHSG bergerak menguat dengan pergerakan di kisaran 5.870 – 5.992. Major Economic Release
Construction PMI United Kingdom bulan
Januari naik ke level 46.4 dari sebelumnya
di level 44.4
Factory Orders United States pada
Desember 2019 naik sebesar 1.8%
dibandingkan sebelumnya turun sebesar
1.2% (MoM).
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OSODaily 05 Februari 2020
TODAY TOP STOCK TRADED (LQ45)
Top Gainers
Last Chg% YTD% MC (T) Beta
BSDE IJ Equity
1.150 4,55 (8,37) 22,13 1,64
ADRO IJ Equity
1.270 3,67 (18,33) 40,62 1,51
SCMA IJ Equity
1.415 3,28 0,35 20,91 1,49
BBNI IJ Equity
7.350 3,16 (6,37) 137,07 1,64
PWON IJ Equity
525 2,94 (7,89) 25,28 1,44
Top Losers
Last Chg% YTD% MC (T) Beta
PGAS IJ Equity
1.520 (10,59) (29,95) 36,85 1,70
LPPF IJ Equity
2.980 (5,10) (29,22) 8,36 0,84
MNCN IJ Equity
1.560 (3,41) (4,29) 22,27 1,06
INDY IJ Equity
900 (1,64) (24,69) 4,69 1,48
UNTR IJ Equity
18.775 (1,57) (12,78) 70,03 0,94
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
SRIL IJ Equity
216 168,2 (16,9) 4,42 0,73
PGAS IJ Equity
1.520 166,4 (30,0) 36,85 1,70
BBRI IJ Equity
4.560 108,7 3,6 562,46 1,59
TLKM IJ Equity
3.760 77,1 (5,3) 372,47 0,79
BMRI IJ Equity
7.525 68,4 (2,0) 351,17 1,59
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBCA IJ Equity
33.000 988,7 (1,3) 813,62 1,02
BBRI IJ Equity
4.560 600,0 3,6 562,46 1,59
BMRI IJ Equity
7.525 328,4 (2,0) 351,17 1,59
TLKM IJ Equity
3.760 257,0 (5,3) 372,47 0,79
ASII IJ Equity
6.400 221,0 (7,6) 259,09 1,32
Top Gainers Last Chg% YTD% MC (T) Beta
BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2020F Asia Pacific
IHSG
Indonesia 5.922 18,52 1,95 7.172
Nikkei
Japanese 23.085 18,46 1,74 25.483
Shanghai
China 2.783 13,25 1,35 3.324
TWSE
Taiwan 11.556 18,25 1,72 12.859
KOSPI
Korea 2.158 18,57 0,84 2.716
KLSE
Malaysia 1.536 17,67 1,54 1.712
ST - Times
Singapore 3.159 11,86 1,07 3.541
Sensex
India 40.716 24,37 3,18 46.859
Hangseng
Hongkong 26.676 10,42 1,16 32.405
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
33000 2,48 (1,27) 814 1,02
BBRI IJ Equity
4560 2,24 3,64 562 1,59
ASII IJ Equity
6400 1,99 (7,58) 259 1,32
BBNI IJ Equity
7350 3,16 (6,37) 137 1,64
ICBP IJ Equity
11600 1,75 4,04 135 0,56
Laggard
Latest Chg% YTD% MC (T) Beta
MEGA IJ Equity
5400 (14,29) (0,79) 38 (0,65)
PGAS IJ Equity
1520 (10,59) (29,95) 37 1,70
MLBI IJ Equity
14000 (9,68) - 29 0,17
MPRO IJ Equity
1100 (19,12) (13,04) 11 (0,19)
INPP IJ Equity
795 (20,10) 22,62 9 (0,42)
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund Latest 1 Month (%) YTD% Oso Sustainability Fund
1.283,48 (7,50) (7,08)
Oso Syariah Equity Fund
530,12 (8,74) (6,29)
Source: Bloomberg LP & OSO Research Team
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COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS
Badan Pusat Statistik (BPS) mencatat inflasi pada bulan Januari 2020 sebesar 0,39% month on month (mom) dan secara tahunan, tercatat 2,68% year on year (yoy). Menurut Bank Indonesia (BI), capaian inflasi tersebut masih tetap rendah dan terkendali.Inflasi pada bulan awal 2020 ini disebabkan oleh meningkatnya inflasi makanan bergejolak (volatile food) yang disebabkan oleh kenaikan harga beberapa komoditas pangan.
Jumlah penumpang yang bepergian menggunakan angkutan udara dalam penerbangan domestik, rupanya masih meningkat pada bulan Desember 2019 lalu. Badan Pusat Statistik (BPS) mencatat jumlah penumpang domestik yang bepergian naik pesawat sebanyak 6,98 juta penumpang.Jumlah ini meningkat 5,26% mom dari bulan November 2019 yang mencatat 6,63 juta penumpang yang memilih transportasi udara dalam penerbangan domestik.
Bank sentral China menurunkan suku bunga revers repo pada hari ini. Tetapi langkah itu dinilai "terlalu marjinal" untuk meningkatkan kegiatan ekonomi setelah wabah virus corona merebak. People's Bank of China (PBOC) mengatakan di situs webnya bahwa mereka menurunkan tingkat reverse repo tujuh hari menjadi 2,40% dari 2,50%, dan sementara untuk tenor 14 hari menjadi 2,55% dari 2,65%.
CORPORATES NEWS
PT Indofarma Tbk (INAF), melakukan pengalihan 2,49 miliar saham seri B milik Negara Republik Indonesia. Saham tersebut dialihkan untuk tambahan penyertaan modal negara di PT Bio Farma. Dengan adanya pengalihan saham ini, maka 80,664% saham seri B kini dimiliki oleh PT Bio Farma. Sementara 19,336% lainnya dimiliki oleh publik.
PT Phapros Tbk menargetkan akan meluncurkan 12 produk baru pada tahun ini. Produk baru tersebut terdiri atas produk obat ataupun alat kesehatan. Saat ini, PEHA tengah mengurus tahapan-tahapan yang harus dilalui agar kedua belas produk baru tersebut bisa dipasarkan secara komersil.
Tren penurunan harga batubara yang masih berlanjut sepanjang tahun ini tidak menyurutkan ekspansi bisnis PT ABM Investama Tbk (ABMM) yang tengah mengkaji potensi lahan-lahan tambang baru untuk mereka akuisisi pada tahun ini.
PT Adaro Energy Tbk sedang memaksimalkan lini bisnis pendukung, seperti pembangkit listrik. ADRO berupaya memperkuat lini bisnis pembangkit listrik tenaga uap (PLTU) yang dikelola anak usahanya, yakni PT Adaro Power.
PT Sawit Sumbermas Sarana Tbk (SSMS) memprediksi, cuaca di Indonesia akan kembali normal pada 2020. Dengan begitu, kondisi kebun kelapa sawit dapat kembali optimal sehingga produksi CPO perusahaan bakal membaik. SSMS memperkirakan produksi tandan buah segar (TBS) inti pada 2020 dapat mencapai 1,73 juta ton dengan target CPO sebanyak 600.000 ton.
PT Mitra Adiperkasa Tbk (MAPI) menandatangani perjanjian kemitraan dengan perusahaan kecantikan global Amorepacific Group. Di bawah naungan PT Kosmetik Lestari Adiperkasa, anak usaha MAPI, merek-merek Amorepacific akan dipasarkan di Indonesia.
Mitsubishi UFJ Group (MUFG) Inc mencatat kerugian kuartalan pertamanya dalam satu dekade terakhir. Akuisisi PT Bank Danamon Indonesia Tbk (BDMN) ditengarai jadi penyebabnya.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
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Technical
Medium/Minor trend : Downtrend MACD line/histogram : Ke Arah Positif Stochastic : Golden Cross Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 1.815 – 1.840 Target Price : 1.865 – 1.885 Support : 1.805 – 1.815 Cutloss : 1.800
DAILY TECHNICAL
BBTN : BTN Telah Kucurkan Rp 111 Triliun KPR Bersubsidi Direktur Utama PT Bank Tabungan Negara Persero Tbk (BTN) Pahala Mansury mengatakan perseroan telah mengucurkan Rp195 triliun Kredit Pemilikan Rumah (KPR), dengan Rp111 triliun di antaranya merupakan KPR bersubsidi. Tujuan dari BTN mengucurkan pembiayaan perumahan adalah untuk memenuhi kebutuhan hunian masyarakat sehingga kualitas hidup masyarakat dapat meningkat.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.865. Apabila break 1.865 next harga ke level 1.885. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.800 jika sudah melewati support 1.805 – 1.815.
BBTN l PE : 14 l PBV : 0,81 l ROE : 5,80 l NPM : 23,35 l DER : 188,00 l Fair Value : 2.230
Souce: OSO Research Team
BUY
NOTE:
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Technical
Medium/Minor trend : Downtrend MACD line/histogram : Positif Stochastic : Peluang Golden Cross Volume : Turun
Recommendation : Trading Buy Entry Buy : 990 – 1.005 Target Price : 1.030 – 1.050 Support : 980 – 990 Cutloss : 975
DAILY TECHNICAL
BUY BJBR l PE : 7 l PBV : 0,91 l ROE : 11,98 l NPM : 21,63 l DER : 211,46 l Fair Value : 1.600
BJBR : Bank BJB Terbitkan Surat Utang Rp 1 T Untuk Perkuat Modal PT Bank Pembangunan Daerah Jawa Barat dan Banten (bank bjb) melakukan aksi korporasi Penawaran Umum Berkelanjutan II (PUB II) Obligasi Subordinasi Berkelanjutan di tahun 2020. Direktur Utama bank bjb Yuddy Rendaldi menjelaskan penghimpunan dana ini akan dilakukan dalam dua tahap dan ditargetkan bisa menyerap Rp 1 triliun. Yuddy menyebut tahap I akan dilakukan kuartal I 2020 dengan target Rp 500 miliar melalui dua seri penawaran yaitu seri A (5 tahun) dan seri B (7 tahun).
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.030. Apabila break 1.030 next harga ke level 1.050. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 975 jika sudah melewati support 980 – 990.
NOTE:
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Technical
Medium/Minor trend : Downtrend MACD line/histogram : Negatif Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 3.270 – 3.300 Target Price : 3.360 – 3.410 Support : 3.240 – 3.270 Cutloss : 3.230
DAILY TECHNICAL
BUY INCO l PE : 415 l PBV : 1,27 l ROE : 0,29 l NPM : 7,79 l DER : 1,94 l Fair Value : 3.860
Vale Indonesia (INCO) Kebut Perizinan Proyek Hidrometalurgi PT Vale Indonesia Tbk tengah menyelesaikan sejumlah perizinan yang dibutuhkan untuk memulai proyek pembangunan fasilitas permunian bijih nikel dengan teknologi hidrometalurgi di Pomalaa Sulawesi Tenggara. Direktur Keuangan PT Vale Indonesia Tbk. (INCO) Bernardus Irmanto mengatakan pihaknya sedang selesaikan perizinan yang dibutuhkan untuk bisa memulai pekerjaan di lapangan. Adapun waktu konstruksi diperkirakan sekitar 5 tahun.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 3.360. Apabila break 3.360 next harga ke level 3.410. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 3.230 jika sudah melewati support 3.240 – 3.270.
NOTE:
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Sector Rotation
Mingguan
Bulanan
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OSODaily 05 Februari 2020
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 1.250 (0,39) (15,89) 6,92 641,19 16,34 0,21 1,20 98,23 840 -33% Sell
CPIN IJ Equity 6.650 0,81 (3,85) 5,12 28,16 17,48 13,14 19,08 22,95 5.923 -11% Sell
INKP IJ Equity 7.150 - (15,26) 0,65 8,40 2,79 3,57 8,09 113,83 11.300 58% Buy
INTP IJ Equity 17.450 (0,15) (11,43) 2,77 36,40 20,93 6,43 7,58 0,50 20.434 17% Buy
JPFA IJ Equity 1.495 1,02 (3,58) 1,73 11,23 4,55 6,39 16,10 59,63 2.035 36% Buy
SMGR IJ Equity 12.000 0,21 0,21 2,29 31,21 9,16 3,48 7,46 30,13 14.937 24% Buy
TKIM IJ Equity 9.650 0,88 (16,30) 1,42 12,99 15,28 5,01 11,50 120,71 13.000 35% Buy
TPIA IJ Equity 8.950 - (15,66) 6,42 291,02 51,22 1,24 2,17 34,35 6.350 -29% Sell
Industry Average in LQ45 3,42 132,57 17,22 4,93 9,15 60,04
Total of Industry Average 1,51 35,04 8,79 1,75 (11,24) 101,33
SECTOR CONSUMER GOODS
GGRM IJ Equity 56.475 0,36 5,05 2,26 11,55 6,95 13,37 20,54 38,38 59.064 5% Hold
HMSP IJ Equity 2.150 0,49 (1,43) 7,54 17,17 13,01 28,65 44,36 0,33 2.184 2% Hold
ICBP IJ Equity 11.600 1,75 4,04 5,65 27,16 15,86 13,90 22,21 9,06 12.529 8% Buy
INDF IJ Equity 7.950 0,98 (2,21) 1,87 13,94 5,44 5,05 14,20 59,18 9.321 17% Buy
KLBF IJ Equity 1.535 0,68 (8,64) 4,53 27,02 17,78 13,84 17,56 2,34 1.703 11% Buy
UNVR IJ Equity 8.200 0,32 (6,25) 56,88 40,65 26,69 36,08 116,74 75,07 8.473 3% Hold
Industry Average in LQ45 13,12 22,92 14,29 18,48 39,27 30,73
Total of Industry Average 4,21 29,32 11,33 9,24 5,08 55,60
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2.990 - (9,84) 1,61 130,48 3,02 (4,39) (13,14) 125,77 4.008 34% Buy
JSMR IJ Equity 4.810 2,65 (10,34) 1,86 17,42 5,18 2,28 11,28 157,26 6.585 37% Buy
PGAS IJ Equity 1.810 (10,59) (29,95) 1,03 12,44 2,16 3,09 7,33 109,43 2.389 32% Buy
TLKM IJ Equity 3.890 0,53 (5,29) 3,74 18,39 5,67 9,65 21,31 37,58 4.819 24% Buy
Industry Average in LQ45 2,06 44,68 4,01 2,66 6,69 107,51
Total of Industry Average 2,17 26,71 9,85 (2,88) (2,32) 131,60
Source: Bloomber LP
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OSODaily 05 Februari 2020
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 1.305 3,67 (18,33) 0,77 5,80 2,61 7,10 13,60 32,95 1.502 15% Buy
AKRA IJ Equity 3.350 1,27 (18,99) 1,57 17,77 9,80 4,57 11,23 42,61 4.206 26% Buy
ANTM IJ Equity 745 2,10 (13,10) 0,88 21,81 7,63 2,46 4,12 50,26 1.101 48% Buy
INCO IJ Equity 3.150 1,54 (9,34) 1,27 414,80 19,28 0,25 0,29 1,94 3.869 23% Buy
INDY IJ Equity 975 (1,64) (24,69) 0,38 #N/A N/A 0,84 (1,10) (4,29) 129,53 1.733 78% Buy
ITMG IJ Equity 10.800 1,00 (11,55) 0,89 4,96 2,72 11,77 17,06 - 13.634 26% Buy
MEDC IJ Equity 700 2,22 (20,23) 0,73 9,06 1,46 (0,37) (1,69) 202,38 1.076 54% Buy
PTBA IJ Equity 2.260 2,76 (16,17) 1,44 5,67 4,00 17,59 26,36 5,12 2.806 24% Buy
Industry Average in LQ45 0,99 68,55 6,05 5,28 8,34 58,10
Total of Industry Average 1,50 36,34 8,02 0,75 (1,86) 95,02
SECTOR MISC INDUSTRY
ASII IJ Equity 6.650 1,99 (7,58) 1,81 12,65 6,65 5,92 14,87 49,27 7.964 20% Buy
SRIL IJ Equity 238 2,86 (16,92) 0,55 3,69 1,46 6,22 15,93 139,64 Neutral #VALUE! #VALUE!
Industry Average in LQ45 1,18 8,17 4,05 6,07 15,40 94,46
Total of Industry Average 2,20 42,98 6,14 2,49 19,48 94,41
SECTOR PROPERTY
BSDE IJ Equity 1.150 4,55 (8,37) 0,76 7,27 7,76 5,69 11,03 46,06 1.610 40% Buy
CTRA IJ Equity 925 2,87 (13,94) 1,13 16,41 7,01 2,94 7,16 50,80 1.324 43% Buy
PTPP IJ Equity 1.405 (0,36) (13,25) 0,66 7,29 3,09 2,27 9,37 74,03 2.131 52% Buy
PWON IJ Equity 540 2,94 (7,89) 1,75 8,68 7,15 11,59 22,21 36,44 692 28% Buy
WIKA IJ Equity 1.950 2,93 (2,76) 1,10 7,80 4,12 3,72 15,29 78,93 2.672 37% Buy
WSKT IJ Equity 1.260 (1,24) (19,53) 0,89 11,70 3,21 1,04 7,79 224,10 1.818 44% Buy
Industry Average in LQ45 1,05 9,86 5,39 4,54 12,14 85,06
Total of Industry Average 2,63 12,98 10,48 3,56 7,35 45,96
Source: Bloomber LP
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OSODaily 05 Februari 2020
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 1.670 1,60 (11,70) 1,08 14,22 5,35 3,42 8,28 88,81 2.023 21% Buy
LPPF IJ Equity 3.400 (5,10) (29,22) 4,66 10,72 5,41 16,19 37,82 - 3.804 12% Buy
MNCN IJ Equity 1.590 (3,41) (4,29) 1,75 8,76 5,30 13,22 21,24 42,22 1.871 18% Buy
SCMA IJ Equity 1.485 3,28 0,35 3,99 16,94 11,51 19,59 26,60 0,33 1.760 19% Buy
UNTR IJ Equity 20.000 (1,57) (12,78) 1,25 6,55 2,74 9,42 19,84 17,95 26.179 31% Buy
Industry Average in LQ45 2,55 11,44 6,06 12,37 22,76 29,86
Total of Industry Average 2,19 27,10 63,56 0,44 0,36 65,74
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 34.000 2,48 (1,27) 4,85 28,78 88,15 1,40 6,51 6,30 33.444 -2% Sell
BBRI IJ Equity 4.570 2,24 3,64 2,70 16,23 89,64 2,62 6,78 66,52 4.764 4% Hold
BBNI IJ Equity 7.300 3,16 (6,37) 1,12 8,90 93,76 2,30 5,03 59,54 8.925 22% Buy
BBTN IJ Equity 1.940 1,66 (13,21) 0,81 14,22 103,45 2,82 3,54 188,00 2.234 15% Buy
BMRI IJ Equity 7.675 0,33 (1,95) 1,72 12,78 97,16 2,33 5,44 50,04 8.710 13% Buy
BTPS IJ Equity 4.540 (0,64) 10,12 9,02 36,00 454,49 1,39 38,72 149,94 4.314 -5% Sell
Industry Average in LQ45 2,24 16,18 94,43 2,29 5,46 74,08
Total of Industry Average 43,58 34,34 110,04 3,13 7,36 84,02
Source: Bloomber LP
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TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
ACES IJ Equity 1.600 7,0 Positif Trading Positif 1.425 1.580 1.735 1.605 1.580 1.560 1.625 1.650 1.535 Speculative Buy
ADRO IJ Equity 1.270 (18,3) Positif Oversold Negatif 1.200 1.415 1.630 1.265 1.240 1.215 1.290 1.315 1.195 Speculative Buy
AKRA IJ Equity 3.200 (19,0) Positif Oversold Negatif 3.230 3.450 3.665 3.205 3.160 3.105 3.260 3.305 3.060 Speculative Buy
ANTM IJ Equity 730 (13,1) Positif Oversold Negatif 690 805 925 725 720 705 740 745 695 Speculative Buy
ASII IJ Equity 6.400 (7,6) Positif Oversold Negatif 6.400 6.875 7.350 6.375 6.300 6.225 6.450 6.525 6.125 Speculative Buy
BBCA IJ Equity 33.000 (1,3) Positif Oversold Negatif 32.675 33.825 34.975 32.900 32.675 32.400 33.175 33.400 31.900 Speculative Buy
BBNI IJ Equity 7.350 (6,4) Positif Oversold Negatif 7.150 7.550 7.950 7.275 7.200 7.075 7.400 7.475 6.975 Speculative Buy
BBRI IJ Equity 4.560 3,6 Positif Trading Negatif 4.340 4.570 4.795 4.615 4.540 4.445 4.710 4.785 4.380 Hold
BBTN IJ Equity 1.840 (13,2) Positif Oversold Negatif 1.850 2.050 2.250 1.815 1.770 1.700 1.885 1.930 1.675 Speculative Buy
BMRI IJ Equity 7.525 (2,0) Positif Trading Negatif 7.475 7.675 7.900 7.575 7.475 7.400 7.650 7.750 7.300 Hold
BRPT IJ Equity 1.270 (15,9) Negatif Trading Negatif 1.210 1.295 1.375 1.275 1.265 1.250 1.290 1.300 1.230 Sell
BSDE IJ Equity 1.150 (8,4) Positif Oversold Negatif 1.095 1.210 1.320 1.130 1.110 1.085 1.155 1.175 1.070 Speculative Buy
BTPS IJ Equity 4.680 10,1 Positif Trading Negatif 4.045 4.500 4.955 4.725 4.610 4.535 4.800 4.915 4.465 Hold
CPIN IJ Equity 6.250 (3,8) Positif Oversold Negatif 6.450 7.050 7.625 6.275 6.175 6.125 6.325 6.425 6.025 Speculative Buy
CTRA IJ Equity 895 (13,9) Positif Oversold Negatif 885 995 1.105 890 875 855 910 925 840 Speculative Buy
ERAA IJ Equity 1.585 (11,7) Positif Trading Negatif 1.580 1.690 1.800 1.580 1.555 1.525 1.610 1.635 1.500 Hold
EXCL IJ Equity 2.840 (9,8) Positif Oversold Negatif 2.870 3.190 3.505 2.840 2.780 2.750 2.870 2.930 2.710 Speculative Buy
GGRM IJ Equity 55.675 5,0 Positif Trading Negatif 55.450 57.300 59.150 55.750 55.500 55.350 55.900 56.150 54.525 Hold
HMSP IJ Equity 2.070 (1,4) Positif Oversold Negatif 2.040 2.195 2.350 2.075 2.060 2.045 2.090 2.105 2.015 Speculative Buy
ICBP IJ Equity 11.600 4,0 Positif Trading Negatif 11.400 11.575 11.775 11.575 11.475 11.350 11.700 11.800 11.175 Hold
INCO IJ Equity 3.300 (9,3) Positif Trading Negatif 3.120 3.385 3.650 3.280 3.230 3.190 3.320 3.370 3.140 Hold
INDF IJ Equity 7.750 (2,2) Positif Oversold Negatif 7.800 8.100 8.425 7.750 7.675 7.650 7.775 7.850 7.525 Speculative Buy
INKP IJ Equity 6.525 (15,3) Positif Oversold Negatif 6.800 7.775 8.775 6.600 6.450 6.375 6.675 6.825 6.275 Speculative Buy
source: Bloomberg Lp
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OSODaily 05 Februari 2020
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 16.850 (11,4) Positif Oversold Negatif 16.950 18.225 19.500 16.925 16.825 16.650 17.100 17.200 16.400 Speculative Buy
ITMG IJ Equity 10.150 (11,5) Positif Oversold Negatif 10.025 11.875 13.725 10.175 10.000 9.900 10.275 10.450 9.750 Speculative Buy
JPFA IJ Equity 1.480 (3,6) Positif Oversold Negatif 1.445 1.605 1.760 1.475 1.450 1.425 1.500 1.525 1.400 Speculative Buy
JSMR IJ Equity 4.640 (10,3) Positif Oversold Negatif 4.615 5.000 5.400 4.625 4.580 4.545 4.660 4.705 4.475 Speculative Buy
KLBF IJ Equity 1.480 (8,6) Positif Oversold Negatif 1.455 1.570 1.685 1.480 1.470 1.460 1.490 1.500 1.440 Speculative Buy
LPPF IJ Equity 2.980 (29,2) Positif Oversold Negatif 3.085 3.890 4.695 3.085 2.965 2.865 3.185 3.305 2.820 Speculative Buy
MNCN IJ Equity 1.560 (4,3) Positif Trading Negatif 1.530 1.640 1.755 1.595 1.540 1.500 1.635 1.690 1.475 Hold
PGAS IJ Equity 1.520 (30,0) Positif Strong Buy Negatif 1.680 1.945 2.210 1.615 1.515 1.425 1.705 1.805 1.400 Buy
PTBA IJ Equity 2.230 (16,2) Positif Oversold Negatif 2.100 2.520 2.940 2.210 2.175 2.140 2.245 2.280 2.105 Speculative Buy
PTPP IJ Equity 1.375 (13,2) Positif Oversold Negatif 1.325 1.550 1.770 1.390 1.360 1.340 1.410 1.440 1.320 Speculative Buy
PWON IJ Equity 525 (7,9) Positif Oversold Negatif 515 560 610 520 510 505 525 535 495 Speculative Buy
SCMA IJ Equity 1.415 0,4 Positif Oversold Negatif 1.370 1.495 1.625 1.410 1.390 1.355 1.445 1.465 1.330 Speculative Buy
SMGR IJ Equity 12.025 0,2 Positif Trading Negatif 11.750 12.450 13.150 12.075 12.000 11.900 12.175 12.250 11.725 Hold
SRIL IJ Equity 216 (16,9) Positif Strong Buy Negatif 220 251 282 216 200 192 224 240 189 Buy
TBIG IJ Equity 1.185 (4,5) Positif Trading Negatif 1.090 1.165 1.235 1.175 1.145 1.125 1.195 1.225 1.110 Hold
TKIM IJ Equity 8.600 (16,3) Positif Strong Buy Negatif 9.025 10.650 12.300 8.625 8.450 8.325 8.750 8.925 8.200 Buy
TLKM IJ Equity 3.760 (5,3) Positif Oversold Negatif 3.745 3.880 4.015 3.780 3.745 3.700 3.825 3.860 3.640 Speculative Buy
TOWR IJ Equity 850 4,3 Positif OverBought Positif 765 815 860 835 825 800 860 870 790 Hold
UNTR IJ Equity 18.775 (12,8) Positif Oversold Negatif 18.775 20.975 23.200 19.025 18.750 18.450 19.325 19.600 18.175 Speculative Buy
UNVR IJ Equity 7.875 (6,3) Positif Oversold Negatif 7.975 8.300 8.600 7.875 7.825 7.775 7.925 7.975 7.675 Speculative Buy
WIKA IJ Equity 1.935 (2,8) Positif Oversold Negatif 1.835 2.025 2.210 1.910 1.890 1.855 1.945 1.965 1.830 Speculative Buy
WSKT IJ Equity 1.195 (19,5) Positif Oversold Negatif 1.175 1.370 1.565 1.215 1.185 1.165 1.235 1.265 1.145 Speculative Buy
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR
Date Event Country Act Prev Cons
04-Feb-20 GB Construction PMI JAN GBR 46.4 44.4 45.9
US Factory Orders MoM DEC USD 1.8% -1.2% 0.7%
US API Crude Oil Stock Change 31/JAN USD 4.18M -4.267M
05-Feb-20 Japan, Jibun Bank Services PMI Final JAN JPY 49.4 52.1
Japan, Jibun Bank Composite PMI Final JAN JPY 48.6 51.1
China, Caixin Services PMI JAN CNY 52.5 52.6
China, Caixin Composite PMI JAN CNY 52.6
Indonesia, GDP Growth Rate QoQ Q4 IDN 3.06%
Indonesia, GDP Growth Rate YoY Q4 IDN 5.02%
Indonesia, Full Year GDP Growth 2019 IDN 5.2% 5.1%
Indonesia, Business Confidence Q4 IDN 105.3
GB New Car Sales YoY JAN GBR 3.4%
GB Markit/CIPS UK Services PMI Final JAN GBR 50
GB Markit/CIPS Composite PMI Final JAN GBR 49.3 52.4
US ADP Employment Change JAN USD 202K 155K
US Balance of Trade DEC USD $-43.1B $-44.6B
US Exports DEC USD $209B
US Imports DEC USD $252B
US Markit Services PMI Final JAN USD 52.8 53.2
US Markit Composite PMI Final JAN USD 52.7 53.1
US EIA Crude Oil Stocks Change 31/JAN USD 3.548M
US EIA Gasoline Stocks Change 31/JAN USD 1.203M
06-Feb-20 Japan, Foreign Bond Investment 01/FEB JPY ¥-551.9B
Japan, Stock Investment by Foreigners 01/FEB JPY ¥-284.3B
Indonesia, Consumer Confidence JAN IDN 126.4
US Challenger Job Cuts JAN USD 32.843K
US Initial Jobless Claims 01/FEB USD 216K
US Unit Labour Costs QoQ Prel Q4 USD 2.5% 1.4%
US Nonfarm Productivity QoQ Prel Q4 USD -0.2% 1.2%
US Continuing Jobless Claims 25/JAN USD 1703K
US EIA Natural Gas Stocks Change 31/JAN USD -201Bcf
Source: Bloomberg Lp
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CORPORATE ACTION
RUPS
Date Time Company Event Place
05-Feb-20 10:00 TPIA RUPSLB Wisma Barito Pasific 10:00 BUVA RUPSLB Hotel Alila SCBD
10-Feb-20 10:00 TINS RUPSLB Hotel Borobudur Jakarta 10:30 GGRP RUPSLB Kantor perseroan
11-Feb-20 10:00 DIVA RUPSLB Kresna Tower
12-Feb-20 10:00 CSAP RUPSLB Kantor perseroan
18-Feb-20 14:00 BBRI RUPST Gedung BRI 1 Jakarta Pusat
19-Feb-20 14:00 AGRO RUPST Gedung BRI Agro Lt 3 14:00 BMRI RUPST Jakarta
20-Feb-20 9:30 BBKP RUPSLB Gedung Bank Bukopin Lt 3 14:00 BBNI RUPST Menara BNI Lt 6 Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
MFMI Cash Dividen 27-Des-19 30-Des-19 02-Jan-20 15-Jan-20 132 ADRO Cash Dividen 02-Jan-20 03-Jan-20 06-Jan-20 15-Jan-20 US$ 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)
Putra Rajawali Kencana Tbk UOB Kay Hian Sekuritas 22 - 21 Januari 2020 29-Jan-20 105 1.800
Nara Hotel Internationals Tbk Magenta Capital Sekuritas 26 - 30 Januari 2020 06-Feb-20 105 2.000
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
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OSODaily 05 Februari 2020
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