DAILY RESEAR CH
Market
Market Activity
Market Index : 6,012.0
Index Movement : -66.5 -1.09%
Market Volume : 18,529 Mn shrs Market Value : 10,307 Bn rupiah
Last
Close +/- %
Leading Movers
BBHI 3,220 520 19.3
UNVR 5,100 75 1.5
POLL 2,730 320 13.3
BSIM 1,005 130 14.9
Lagging Movers
BBCA 30,225 -625 -2.0
EMTK 2,500 -140 -5.3
TLKM 3,070 -60 -1.9
ARTO 14,175 -400 -2.7
Foreign Net Buy / Sell (Regular Market) Net Buy (IDR bn) Net Sell (IDR bn)
ANTM 64 BBRI 101
INCO 51 BBCA 49
ICBP 48 AMRT 24
AGRO 27 PGAS 23
BBNI 22 TCPI 16 Money Market
Last
Close +/- %
USD/IDR 14,464 -29.0 0.2
JIBOR O/N 5.9 0.0
Dual Listing Securities Last
Close +/- %
TLKM 21.0 -0.5 -2.1
EIDO 20.0 -0.4 -2.0
Global Indices Last
Close +/- %
DJIA 34,889 -107 -0.31
S&P 500 4,369 -15 -0.35
Euro Stoxx 4,095 1 0.03
MSCI World 3,059 -9 -0.29
STI 3,167 20 0.63
Nikkei 28,718 149 0.52
Hang Seng 27,963 448 1.6
Commodities Last
Close +/- %
Brent Oil 76.5 1.3 1.77
Coal (ICE) 142.0 5.6 4.11
CPO Malay 3,977 114.0 2.95
Gold 1,808 5.6 0.08
Nickel 18,769 98.5 0.53
Tin 32,381 287.0 0.89
Changes Changes
Changes
Changes
Changes Tuesday, 13 Jul 2021
COVID-19 Kembali Tembus Rekor, IHSG Berpotensi Melemah
Pada perdagangan semalam, bursa saham AS ditutup dengan kecenderungan melemah. Dow turun -0.31%, S&P500 melemah -0.35% dan Nasdaq terkoreksi - 0.38%. Pelemahan terjadi setelah rilis data CPI AS yang berada di level 5.4%, lebih tinggi dari ekspektasi konsensus (5.0%). Hal tersebut membuat para investor khawatir the Fed akan mengubah kebijakan suku bunganya lebih cepat. Selain itu, para pelaku pasar juga masih menunggu rilis laporan keuangan 2Q21 dari para emiten. Indeks dolar AS terpantau berada di level 92.76 (+0.54%), sementara yield obligasi 10 tahun AS meningkat +4.0% ke angka 1.418%.
Di pasar komoditas, mayoritas komoditas utama terpantau mengalami penguatan.
Brent naik +1.64% dan WTI +1.55% seiring belum adanya indikasi bahwa sanksi ekspor minyak Iran akan diangkat dalam waktu dekat. Harga sejumlah komoditas lain juga menguat; batubara +4.1%, CPO +2.9%, timah +1.0%, nikel +0.3% dan emas +0.2%.
Ledakan kasus COVID-19 di Indonesia masih belum mereda hingga saai ini dan terus mencetak rekor baru. Sebanyak 47,899 kasus baru tercatat di Indonesia kemarin (13/7), naik +18.5% dari hari sebelumnya, sementara jumlah pasien yang sembuh hanya mencapai 20,123 pasien. Dengan demikian, kasus aktif kembali meningkat menjadi 407,709 (tertinggi ke-2 di Asia), meningkat +25.6% dari minggu lalu.
Recovery rate turun menjadi 81.8%. Program vaksinasi masih terus berjalan hingga saat ini. Per Selasa (13/7), 36.9 juta penduduk telah mendapat vaksinasi tahap pertama sedangkan yang menerima vaksinasi tahap kedua sudah mencapai 15.2 juta penduduk.
Dengan masih tingginya angka penularan COVID-19 dan makin nyatanya kemungkinan perpanjangan PPKM darurat, kami memperkirakan IHSG akan kembali melemah hari ini. Hal lain yang memberatkan pasar adalah pemangkasan proyeksi pertumbuhan ekonomi dari 4.1%-5.1% menjadi 3.8%. Kemudian, pelemahan bursa global juga menjadi sentimen negatif. EIDO semalam turun -1.8%, sementara pagi ini, Nikkei terpantau turun -0.7% dan KOSPI -0.3%.
DAILY RESEARCH
ADHI: Rilis Obligasi IDR 673 miliar
PTBA: Kinerja Kuartal II, Beri Sinyal Positif
14 July 2021
Highlights
Equity Research│14 July 2021
COMMODITIES
Gold: Gold 100 Oz Futures (USD/Troi oz) Oil: Generic 1st Crude Oil, Brent (USD/Barel)
Coal: Newcastle Coal (USD/MT) CPO: Bursa Malaysia Crude Palm Oil (MYR/MT)
Pulp: Generic Bleached Softwood Craft Pulp (CNY/MT) Nickel: London Metal Exchange Nickel Future (USD/MT)
13-Jul-20 13-Aug-20 13-Sep-20 13-Oct-20 13-Nov-20 13-Dec-20 13-Jan-21 13-Feb-21 13-Mar-21 13-Apr-21 13-May-21 13-Jun-21
0 10 20 30 40 50 60 70 80 90
13-Jul-20 13-Aug-20 13-Sep-20 13-Oct-20 13-Nov-20 13-Dec-20 13-Jan-21 13-Feb-21 13-Mar-21 13-Apr-21 13-May-21 13-Jun-21
40 60 80 100 120 140 160
13-Jul-20 13-Aug-20 13-Sep-20 13-Oct-20 13-Nov-20 13-Dec-20 13-Jan-21 13-Feb-21 13-Mar-21 13-Apr-21 13-May-21 13-Jun-21
1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
5,000 5,500 6,000 6,500 7,000 7,500 8,000
14,000 16,000 18,000 20,000 22,000
13-Jul-20 13-Aug-20 13-Sep-20 13-Oct-20 13-Nov-20 13-Dec-20 13-Jan-21 13-Feb-21 13-Mar-21 13-Apr-21 13-May-21 13-Jun-21
1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200
COVID-19 Data Indonesia
7 Day Running Covid-19 Data
Total 1D Change Daily 1D Change Total Daily Total Daily Total Closed Cases
Cases % Cases % Recovered Recovered Deaths Deaths Active Cases %
7/13/2021 2,615,529 1.87 47,899 - 2,139,601 20,123 68,219 864 407,709 84.41 7/12/2021 2,567,630 1.60 40,427 - 2,119,478 34,754 67,355 891 380,797 85.17 7/11/2021 2,527,203 1.45 36,197 3.14 2,084,724 32,615 66,464 1,007 376,015 85.12 7/10/2021 2,491,006 1.43 35,094 (7.95) 2,052,109 28,561 65,457 826 373,440 85.01 7/9/2021 2,455,912 1.58 38,124 (0.70) 2,023,548 28,975 64,631 871 367,733 85.03 7/8/2021 2,417,788 1.61 38,391 11.67 1,994,573 21,185 63,760 852 359,455 85.13 7/7/2021 2,379,397 1.47 34,379 10.23 1,973,388 14,835 62,908 1,040 343,101 85.58
Average 38,644 25,864 907 85.06
Source: SSI Research, Bloomberg
Equity Research│14 July 2021
ADHI: Rilis Obligasi IDR 673 miliar
PT Adhi Karya Tbk (ADHI) menerbitkan Obligasi Berkelanjutan III Tahap II Tahun 2021 senilai IDR 673 miliar. Sebesar 60%
dana hasil emisi surat utang tersebut akan dialokasikan untuk belanja modal. Obligasi tersebut ditawarkan dalam dua seri; seri A senilai IDR 200 miliar dengan kupon bunga sebesar 7.5% dan berjangka waktu 370 hari kalender, serta seri B senilai IDR 473.5 miliar dengan kupon bunga 9.55% dan tenor tiga tahun sejak tanggal emisi. (Investor Daily)
Comment:
ADHI mendapat rating idA- (Single A minus) dari Pefindo untuk obligasi berkelanjutan ini. Hingga akhir Maret 2021, posisi DER ADHI tercatat sebesar 1.78x. Kami menilai bahwa masih ada ruang untuk pendanaan. Dengan asumsi kondisi keuangannya saat ini serupa dengan Maret 2021, maka setelah penerbitan obligasi ini, DER ADHI akan naik menjadi 1.9x, tidak terlalu signifikan. ADHI juga berencana mencari tambahan pendanaan lewat IPO anak usaha yaitu ACP (Adhi Commuter Property) dengan target dana sekitar IDR 1.7 triliun.
Kementerian BUMN juga akan mengajukan suntikan modal melalui PMN sebesar IDR 2 triliun untuk mendukung proyek jalan tol Solo-Jogja-Bawen yang akan digarap ADHI.ADHI: Under review (Prev: ADHI:BUY:
6.7x PE '21E, 0.4x PBV '21E, TP: IDR 1,800)
PTBA: Kinerja Kuartal II, Beri Sinyal Positif
PT Bukit Asam Tbk (PTBA) menyebutkan bahwa hingga kuartal II-2021, kinerjanya masih positif dan bahkan berpotensi meningkat, didorong oleh kenaikan harga komoditas dan peningkatan aktivitas produksi untuk mengejar target produksi batubaranya sebesar 30 juta ton pada 2021. (Investor Daily)
Comment:
Kami menilai bahwa faktor utama yang akan mendorong peningkatan kinerja PTBA adalah kenaikan harga
batubara global yang signifikan tahun ini. Secara YTD, rata-rata harga batubara tahun ini adalah USD 98/t,
jauh lebih tinggi (+76.4%) dari rata-ratanya pada 2020 sebesar USD 61/t. Faktor cuaca yang mendukung juga
kami perkirakan membantu meningkatkan produksi pada 2Q21. SSI memproyeksikan produksi batubara PTBA
periode FY21-22F di angka 29.4-32.2 juta ton (2019: 24.8 juta ton). PTBA: BUY: 8.4x PE '21E, 1.2x PBV '21E,
TP: IDR 2,900
Equity Research│14 July 2021
Stock Rec. JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%)
(%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Banks
BBCA BUY 10.4 30,225 40,500 37,196 34.0 27.5 23.4 4.0 3.7 14.7 15.7
BBRI BUY 6.5 3,780 5,300 4,950 40.2 24.1 14.2 2.5 2.2 10.3 15.8
BMRI BUY 3.8 5,775 8,000 7,950 38.5 15.7 11.3 1.4 1.4 9.1 12.1
BBNI BUY 1.2 4,670 8,500 7,112 82.0 29.2 6.7 0.8 0.7 2.6 9.7
BBTN BUY 0.2 1,275 2,300 2,120 80.4 8.4 5.3 0.7 0.6 8.1 11.4
Average 17.8 7.8 1.0 0.9 6.6 11.1
Consumer (Staples)
ICBP BUY 1.5 8,950 12,000 11,505 34.1 15.5 15.2 3.4 3.0 22.3 19.9
INDF BUY 0.8 6,625 9,500 8,649 43.4 11.9 12.0 1.4 1.3 11.9 11.0
KLBF BUY 0.9 1,330 1,750 1,732 31.6 22.5 20.5 3.6 3.3 16.0 16.0
UNVR BUY 2.7 5,100 7,900 6,499 54.9 27.1 26.8 39.5 38.9 145.7 145.0
SIDO BUY 0.3 760 970 932 27.6 24.4 21.0 7.1 6.6 29.1 31.5
Average 20.3 19.1 11.0 10.6 45.0 44.7
Cigarette
HMSP BUY 1.9 1,145 1,460 1,247 27.5 15.5 15.7 4.4 4.4 28.5 28.1
GGRM SELL 1.1 41,550 38,240 38,277 -8.0 9.4 9.2 1.3 1.3 14.2 13.9
Average 12.5 12.4 2.9 2.8 21.4 21.0
Healthcare
MIKA BUY 0.6 2,800 3,500 3,153 25.0 47.0 44.3 8.2 7.4 17.5 16.8
SILO SELL 0.2 9,975 9,100 9,543 -8.8 712.5 302.3 2.7 2.7 0.4 0.9
HEAL SELL 0.3 6,000 5,700 6,169 -5.0 55.0 47.6 7.3 6.4 13.3 13.5
Average 271.5 131.4 6.1 5.5 10.4 10.4
Poultry
CPIN BUY 1.5 6,400 7,300 7,317 14.1 36.4 27.9 5.0 4.6 13.7 16.4
JPFA BUY 0.3 1,655 2,400 2,527 45.0 20.7 10.9 1.7 1.4 8.0 13.1
MAIN BUY 0.0 695 890 1,095 28.1 n/a 10.2 0.7 0.7 -0.9 6.8
WMUU BUY 0.0 166 370 370 122.9 #DIV/0! 7.0 #DIV/0! 1.6 #DIV/0! 23.1
Average 28.5 16.4 2.5 2.2 7.0 12.1
Retail
MAPI BUY 0.1 630 975 921 54.8 n/a 17.5 2.0 4.0 -10.4 23.1
RALS BUY 0.1 650 900 764 38.5 n/a 13.8 1.1 1.1 -1.5 7.7
ACES BUY 0.4 1,540 1,900 1,565 23.4 32.8 24.1 5.3 4.7 16.1 19.6
LPPF SELL 0.1 2,390 1,100 1,350 -54.0 n/a 18.5 4.1 6.3 -35.0 34.1
Average 32.8 18.5 2.8 3.3 1.4 16.8
Pulp and Paper
INKP SELL 0.6 7,200 7,000 N/A -2.8 8.3 9.9 0.6 0.6 7.6 6.0
Average 8.3 9.9 0.6 0.6 7.6
Media
MNCN BUY 0.2 815 1,650 1,425 102.5 5.1 4.2 0.7 0.6 13.6 14.6
SCMA HOLD 0.4 2,080 2,200 2,091 5.8 26.0 23.6 6.3 5.6 24.4 23.7
Average 15.5 13.9 3.5 3.1 19.0 19.1
Telco
EXCL BUY 0.4 2,440 3,000 3,185 23.0 69.7 35.4 1.4 1.3 1.9 3.8
ISAT BUY 0.5 5,650 7,250 7,230 28.3 n/a 65.7 2.4 0.3 -5.6 0.4
TLKM BUY 4.3 3,070 4,050 4,156 31.9 14.6 13.6 2.5 2.4 17.2 17.7
Average 42.2 38.2 2.1 1.3 4.5 7.3
Telco Retail
Equity Research│14 July 2021
Stock Rec. JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%)
(%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Auto
ASII BUY 2.8 4,900 6,750 6,725 37.8 11.0 10.0 1.0 1.0 9.0 9.6
Average 11.0 10.0 1.0 1.0 9.0
Mining Contracting
UNTR BUY 1.0 19,025 31,000 27,822 62.9 10.2 7.6 1.2 1.0 11.2 13.8
Average 10.2 7.6 1.2 1.0 11.2
Property
BSDE BUY 0.3 910 1,350 1,473 48.4 13.6 10.2 0.5 0.5 4.0 4.9
PWON BUY 0.3 430 530 608 23.3 33.1 11.6 0.9 1.4 2.6 12.1
ASRI SELL 0.0 159 130 220 -18.2 12.2 5.7 0.3 0.3 2.3 4.7
LPKR SELL 0.2 154 140 200 -9.1 n/a n/a 0.4 0.3 -0.5 -0.2
SMRA BUY 0.2 800 1,200 1,039 50.0 47.1 27.6 1.6 1.5 3.4 5.4
CTRA BUY 0.2 900 1,100 1,341 22.2 21.4 16.7 1.1 1.0 5.1 6.2
Average 25.5 14.4 0.8 0.8 2.8 5.5
Industrial Estate
SSIA BUY 0.0 438 700 680 59.8 n/a 39.8 0.5 0.5 -1.6 1.3
DMAS BUY 0.1 193 250 260 29.5 12.9 11.4 1.2 1.4 9.6 12.7
KIJA SELL 0.0 170 150 N/A -11.8 15.5 13.1 0.6 0.4 4.0 3.4
Average 14.2 21.4 0.8 0.8 4.0 5.6
Construction
PTPP BUY 0.1 850 1,900 1,433 123.5 38.6 6.9 0.4 0.3 0.9 4.9
ADHI BUY 0.0 690 1,800 1,298 160.9 28.8 6.7 0.4 0.4 1.5 6.1
WSKT BUY 0.2 845 1,400 1,210 65.7 n/a n/a 0.7 0.8 -44.6 -7.4
WIKA BUY 0.1 980 1,400 1,576 42.9 10.2 6.7 0.5 0.5 5.0 7.1
Average 25.9 6.8 0.5 0.5 -9.3 2.6
Cement
INTP BUY 0.5 10,550 16,250 15,684 54.0 29.3 24.4 1.7 1.7 5.8 6.9
SMGR BUY 0.7 8,600 13,050 13,163 51.7 22.6 18.1 1.4 1.4 6.3 7.4
Average 25.9 21.3 1.6 1.5 6.1 7.2
Precast
WSBP BUY 0.1 140 230 175 64.3 12.7 3.8 0.4 0.3 2.9 8.9
WTON BUY 0.0 232 450 384 94.0 21.1 6.3 0.6 0.6 2.9 8.9
Average 16.9 5.0 0.5 0.4 2.9 8.9
Oil and Gas
PGAS BUY 0.3 995 1,700 1,506 70.9 18.1 14.2 0.6 0.6 3.3 4.1
AKRA BUY 0.2 3,060 4,000 3,986 30.7 13.3 12.1 1.4 1.3 10.6 11.0
MEDC BUY 0.2 580 1,090 877 87.9 n/a 7.9 0.9 0.8 -9.9 9.7
Average 15.7 11.4 1.0 0.9 1.3 8.3
Chemical
TPIA HOLD 2.5 9,875 10,250 8,950 3.8 681.0 113.5 6.8 6.8 1.0 6.0
BRPT BUY 1.1 840 1,150 1,034 36.9 175.5 107.3 4.5 4.5 2.5 4.2
ESSA SELL 0.1 348 225 540 -35.3 n/a n/a 2.4 1.2 -20.0 -0.5
Average 428.3 110.4 4.6 4.2 -5.5 3.2
Utilities
JSMR BUY 0.3 3,390 5,000 5,317 47.5 51.4 17.0 1.0 0.9 2.0 5.6
Metal
ANTM BUY 0.9 2,540 3,230 3,491 27.2 41.0 24.9 3.2 2.9 7.7 11.7
MDKA SELL 0.9 2,940 2,030 3,164 -31.0 n/a 16.0 10.7 11.7 15.7 72.9
INCO BUY 0.7 5,175 6,730 6,066 30.0 35.7 35.7 1.8 1.8 5.0 5.0
TINS BUY 0.2 1,575 1,775 1,633 12.7 n/a 1789.8 2.2 2.7 -4.2 0.1
Average 38.3 466.6 4.5 4.8 6.1 22.4
Equity Research│14 July 2021
Stock Rec. JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%)
(%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Coal
ITMG SELL 0.2 14,350 13,550 16,851 -5.6 9.9 9.9 1.4 1.6 14.3 16.7
ADRO BUY 0.6 1,230 1,530 1,633 24.4 8.5 8.5 0.7 0.8 8.5 8.8
PTBA BUY 0.3 2,080 2,900 2,798 39.4 9.8 8.4 1.4 1.2 14.6 14.2
Average 9.4 8.9 1.2 1.2 12.5 13.2
Plantation
AALI BUY 0.2 7,550 13,800 12,740 82.8 21.8 13.7 0.8 0.7 3.5 5.3
LSIP BUY 0.1 1,080 1,730 1,553 60.2 10.6 8.6 0.7 0.7 7.1 8.3
TBLA BUY 0.1 790 980 1,180 24.1 6.5 5.3 0.7 0.6 11.0 12.2
SIMP SELL 0.1 420 388 N/A -7.6 38.2 24.7 0.4 0.4 1.2 1.8
SSMS BUY 0.1 815 1,500 1,377 84.0 24.0 10.3 1.8 1.5 7.4 15.0
Average 20.2 12.5 0.9 0.8 6.0 8.5
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Equity Research│14 July 2021
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
World 3,059 (8.99) (0.29) 0.32 1.30 5.00 13.73 34.73 3,071 2,233
U.S. (S&P) 4,369 (15.42) (0.35) 0.59 2.87 5.50 16.32 38.48 4,392 3,128
U.S. (DOW) 34,889 (107.39) (0.31) 0.90 1.19 3.60 13.99 33.75 35,092 25,992
Europe 4,095 1.18 0.03 1.03 (0.92) 2.97 15.25 23.28 4,166 2,921
Emerging Market 1,340 12.69 0.96 (0.09) (3.16) 0.22 3.74 26.43 1,449 1,045
FTSE 100 7,125 (0.70) (0.01) 0.34 (0.31) 2.67 10.28 15.29 7,218 5,526
CAC 40 6,558 (0.78) (0.01) 0.78 (0.87) 5.64 18.14 30.97 6,687 4,513
Dax 15,790 (0.87) (0.01) 1.79 0.74 3.82 15.10 24.35 15,807 11,450
Indonesia 6,012 (66.54) (1.09) (0.58) (1.12) (0.63) 0.55 18.37 6,505 4,755
Japan 28,718 149.22 0.52 0.26 (1.52) (3.05) 4.64 27.14 30,715 21,710
Australia 7,332 (1.41) (0.02) 0.97 0.27 4.40 11.31 23.41 7,406 5,763
Korea 3,271 24.91 0.77 (0.42) 0.59 2.80 13.85 49.82 3,316 2,166
Singapore 3,167 19.67 0.63 (0.75) 0.43 (0.40) 11.36 20.86 3,237 2,421
Malaysia 1,520 6.67 0.44 (0.79) (3.97) (4.93) (6.62) (4.95) 1,696 1,452
Hong Kong 27,963 448.17 1.63 (0.39) (3.05) (3.24) 2.69 9.76 31,183 23,124
China 3,567 18.69 0.53 1.03 (0.65) 4.38 2.69 4.45 3,732 3,175
Taiwan 17,848 33.19 0.19 (0.37) 3.68 5.82 21.14 46.18 18,018 12,066
Thailand 1,571 21.15 1.36 (1.28) (3.80) 1.94 8.39 17.14 1,643 1,187
Philipines 6,795 (118.74) (1.72) (3.43) (1.77) 4.17 (4.83) 10.08 7,432 5,692
1D 1D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 137.09 0.51 (0.00) 0.88 4.08 138.80 133.60
Inflation Rate (yoy, %) 1.33 1.68 1.32
Gov Bond Yld (10yr, %) 6.48 (8.59) 7.10 5.86
US Fed Rate (%) 0.25 0.25 0.25
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Indonesia 14,464 (29.00) 0.20 0.04 (1.80) 0.97 (2.86) (0.27) 14,950 13,865
Japan 110.60 (0.03) 0.03 0.05 (0.48) (1.51) (6.65) (3.04) 111.66 102.59
UK 1.38 (0.00) (0.04) 0.05 (2.15) 0.21 1.01 10.00 1.42 1.25
Euro 1.18 0.00 0.00 (0.12) (2.84) (1.70) (3.60) 3.30 1.23 1.14
China 6.47 (0.01) 0.11 0.16 (1.08) 1.16 0.90 8.17 7.02 6.36
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 76.49 1.33 1.77 2.63 5.23 20.14 47.66 79.05 77.84 35.74
CPO 4,034 125.00 3.20 2.91 8.62 0.32 3.68 63.19 4,839 2,455
Coal 142.00 5.60 4.11 7.78 14.52 59.55 76.40 160.55 138.00 47.50
Tin 32,381 287.00 0.89 2.25 2.57 26.27 59.32 85.72 33,181 16,795
Nickel 18,778 99.00 0.53 4.36 3.02 16.19 13.03 36.96 20,110 13,070
Copper 9,413 3.50 0.04 1.08 (5.91) 5.76 21.20 43.24 10,748 6,226
Gold 1,806 (1.44) (0.08) 0.15 (3.21) 4.02 (4.85) (0.17) 2,075 1,677
Silver 25.97 (0.02) (0.06) (0.65) (6.77) 2.16 (1.63) 35.15 30 19
Source: Bloomberg, SSI Research
Change (%) 1 Year
Change (%) 1 Year
Change (%) 1 Year
Commodity Indicators Last Price Regional Indices Last Price
Exchange Rate (per USD) Last Price
Equity Research│14 July 2021
Research Team
Suria Dharma Head of Equity Research, Strategy, Banking, Consumer Staples suria.dharma@samuel.co.id +6221 2854 8148
Lionel Priyadi Macro Strategy dan Equity lionel.priyadi@samuel.co.id +6221 2854 8854
Fikri Permana Senior Economist fikri.permana@samuel.co.id +6221 2854 8144
William Mamudi, CFTe, CMT Technical Analyst william.mamudi@samuel.co.id +6221 2854 8382
Muhamad Alfatih, CSA, CTA, CFTe Senior Technical Portfolio Advisor m.alfatih@samuel.co.id +6221 2854 8129 Yosua Zisokhi Cement , Cigarette,Paper, Plantation,Telco Infra, Chemical yosua.zisokhi@samuel.co.id +6221 2854 8387
Dessy Lapagu Aviation, Coal, Metal, Retail dessy.lapagu@samuel.co.id +6221 2854 8392
Selvi Ocktaviani Automotive,Construction, Mining Cont., Precast,Telco, Toll Roads selvi.ocktaviani@samuel.co.id +6221 2854 8393
Nashrullah Putra Media, Poultry nashrullah.putra@samuel.co.id +6221 2854 8739
Olivia Laura Anggita Healthcare, Property olivia.laura@samuel.co.id +6221 2854 8346
Calista Muskitta Research Associate calista.muskitta@samuel.co.id +6221 2854 8331
Adolf Richardo Editor, Translator adolf.richardo@samuel.co.id +6221 2854 8396
Equity Institutional Team
Benny Bambang Soebagjo Head of Institutional Equity Sales benny.soebagjo@samuel.co.id +6221 2854 8312
Ronny Ardianto Institutional Equity Sales ronny.ardianto@samuel.co.id +6221 2854 8399
Fachruly Fiater Institutional Equity Sales fachruly.fiater@samuel.co.id +6221 2854 8325
Henry Sutanto Institutional Equity Sales hensry.sutanto@samuel.co.id +6221 2854 8329
Sylviawati Customer Service sylviawati@samuel.co.id +6221 2854 8193
Private Wealth Management
Evelyn Satyono Head of PWM Equity Sales evelyn.satyono@samuel.co.id +6221 2854 8380
Clarice Wijana PWM Equity Sales clarice.wijana@samuel.co.id +6221 2854 8395
Gitta Wahyu Retnani PWM Equity Sales gitta.wahyu@samuel.co.id +6221 2854 8365
Wahyudi Budiyono Dealer wahyudi.budiyono@samuel.co.id +6221 2854 8152
Equity Retail Team
Lucia Irawati Retail Equity Sales lucia.irawati@samuel.co.id +6221 2854 8173
Salt World Widjaja Retail Equity Sales salt@samuel.co.id +6221 2854 8163
Fixed Income Sales Team
R. Virine Tresna Sundari Head of Fixed Income virine.sundari@samuel.co.id +6221 2854 8170
Rudianto Nugroho Fixed Income Sales rudianto.nugroho@samuel.co.id +6221 2854 8306
Sany Rizal Keliobas Fixed Income Sales sany.rizal@samuel.co.id +6221 2854 8337
Julio Simangunsong Fixed Income Sales julio.natanael@samuel.co.id +6221 28548384
Online Trading Sales Team
Joseph Soegandhi Head of OLT joseph.soegandhi@samuel.co.id +6221 2854 8872
Nugroho Nuswantoro Head of Marketing Online Trading nugroho.nuswantoro@samuel.co.id +6221 2854 8372
