Riset Saham Harian
Samuel Research 24 Januari 2018
www.samuel.co.id
Page 1 of 7
Sentimen masih terlihat, IHSG berpeluang menguat
Indeks AS semalam ditutup menguat, didorong oleh kinerja Netflix yang melampaui target pelanggan baru pada 4Q17, membantu mengangkat indeks S&P dan Nasdaq. Sementara, IMF menaikan proyeksi pertumbuhan AS menjadi 2.7% dari 2.5% di tahun 2018. Pemotongan pajak jadi katalis positif bagi perekonomian AS tahun ini. namun perlu diperhatikan Presiden AS, pada hari Senin menyetujui kenaikan tarif impor yang signifikan pada mesin cuci dan panel surya, sebuah langkah yang dikritik oleh China, Korea Selatan, dan Eropa. Hal ini menjadi kekhawatiran para investor.
Kenaikan harga minyak mentah berpotensi melemah setelah laporan industri menunjukkan cadangan minyak mentah AS naik secara tak terduga pekan lalu. American Petroleum Institute (API) melaporkan persediaan minyak meningkat 4,76 juta barel pekan lalu.
Dari domestik, kemarin indeks melonjak 2.07%, ke rekor level tertinggi sepanjang masa. Saat ini fokus investor tertuju pada rilis laporan keuangan FY’2017, diperkirakan dapat meningkatkan sentimen di pasar. Rupiah kemungkinan bergerak di rentang Rp 13,3100/USD – Rp 13,330/USD.
Sementara EIDO menguat.
Highlights
BBTN: Mencari pinjaman asing
DOID: Targetkan kenaikan 24%
Metal: Emas tetap mengkilap
BLTZ: Raih kredit Rp355 miliar
INTP: Siap operasikan terminal semen baru
TLKM: Trafik komunikasi Telkomsel meningkat pasca gempa di Lebak
Migas: PP Holding migas ditargetkan segera terbit
: 6,635.3
: +134.8 (+2.1%) : 4,050 Mn shrs : 5,327 Bn rupiah CloseLast +/- %
HMSP 5,500 350 6.8
BBRI 3,920 270 7.4
ASII 8,525 275 3.3
UNVR 55,500 1100 2.0
TLKM 4,090 -40 -1.0
JRPT 800 -65 -7.5
JPFA 1,400 -60 -4.1
SMGR 10,650 -100 -0.9
Foreign Net Buy / Sell
Net Buy (Rpbn) Net Sell (Rpbn)
BMRI 245 TLKM 115
BBCA 185 GGRM 29
BBRI 165 JSMR 29
ASII 145 BUMI 14
PGAS 110 AALI 14 Money Market
Last
Close +/- %
USD/IDR 13,325 -23.0 0.2
JIBOR O/N 3.9 0.0 -
Infl (MoM) 0.7 - -
Dual Listing Securities
CloseLast +/- %
TLKM 30.8 -0.4 -1.3
ISAT 56.4 0.0 0.0
EIDO 30.1 0.3 1.1
World Indices Last
Close +/- %
DJIA 26,211 -4 0.0
S&P 500 2,839 6 0.2
Euro Stoxx 3,672 7 0.2
MSCI World 2,230 9 0.4
Nikkei 24,041 -84 -0.3
Hang Seng 32,931 537 1.7
Commodities Last
Close +/- %
Brent Oil 70 0.9 1.3
CPO Malay 2,494 19.0 0.8
Coal Newc 107 0.0 0.0
Nickel 12,817 86.5 0.7
Tin 20,825 -30.0 -0.1
Changes Changes
Changes
Changes Lagging Movers
Market Value
Changes Leading Movers
Market Activity Wednesday, 24 Jan 2018 Market Index
Index Movement Market Volume
Riset Saham Harian
24 Januari 2018
www.samuel.co.id
Page 2 of 7
BBTN: Mencari pinjaman asing
BBTN berencana mengambil pinjaman USD 100 juta dari sebuah bank asing di Asia sebagai bentuk diversifikasi sumber dana. Tahun sebelumnya, BBTN tidak memiliki pinjaman valas seperti itu. Dengan pengalaman mengambil pinjaman seperti ini, diharapkan bank ini akan lebih menguasai prosedurnya apabila di kemudian hari membutuhkan dana seperti ini.
Saat ini BBTN memiliki dana antara lain dari dana pihak ketiga, pinjaman bilateral, NCD, dan obligasi. (Bisnis Indonesia). BBTN: Hold; 18E’ PE: 11.2x, PBV: 1.6x.
DOID: Targetkan Kenaikan 24%
PT Delta Dunia Makmur Tbk. (DOID) menargetkan Pada 2018, perseroan menargetkan produksi batu bara sekitar 45 juta-50 juta ton, naik 11,94% yoy- 24,37% yoy. Volume pengupasan atau overburden range diperkirakan meningkat dua digit menjadi 375 BCM-425 juta BCM. Untuk memacu produksi batu bara, perusahaan mengalokasikan belanja modal sejumlah US$200 juta — US$225 juta pada 2018. Jumlah itu naik dari realisasi tahun lalu sebesar US$195 juta. (Bisnis
Indonesia). DOID: Buy; 18E’ PE: 7.3x, PBV: 2.7x.Metal: Emas Tetap Mengilap
World Gold Council (WGC) dalam laporan terbarunya menuturkan, pada 2018 harga emas akan berlanjut menguat, mengingat tren pertumbuhan ekonomi global diprediksi meningkat.
Berdasarkan data Bank Dunia, pertumbuhan ekonomi global diprediksi bakal meningkat hingga 3,1% pada 2018 lantaran pemulihan investasi. Selain itu, manufaktur dan perdagangan terus berlanjut di samping aktivitas ekspor komoditas stabil di tengah penguatan harga. Harga emas diproyeksi masih menguat seiring dengan sentimen positif yang memengaruhi komoditas logam tersebut. Pada pekan ini diperkirakan harga masih bergerak di kisaran level US$1.331–US$1.345 per troy ounce. (Bisnis Indonesia).
BLTZ: Raih Kredit Rp355 miliar
Emiten perfilman, PT Graha Layar Prima Tbk. (BLTZ), memperoleh pinjaman senilai Rp355,08 miliar untuk menambah bioskop sebanyak 14-16 baru pada tahun ini. BLTZ telah meneken perjanjian fasilitas kredit dengan tiga lembaga keuangan sekaligus, Citibank N.A, PT Kooexim Mandiri Finance, dan The Export – Import Bank of Korea.
Fasilitas kredit tersebut terdiri dari 10 juta dolar AS dari Citibank N.A, Rp27 miliar dari PT Koexim Mandiri Finance dan 17 juta won dari PT Export – Import Bank of Korea. Jika dikonversi ke dalam Rupiah, maka total nilai fasilitas kredit tersebut mencapai Rp355,08 miliar. (Bisnis Indonesia).
BLTZ: Non - coverage.
INTP: Siap operasikan terminal semen baru
PT Indocement Tunggal Prakarsa Tbk (INTP) akan mengoperasikan terminal semen di Palembang, Sumatera Selatan pada 1Q18. Aset tersebut akan memperkuat penjualan semen curah INTP di wilayah Sumatera. Terminal semen ini memiliki kapasitas 1 juta ton/tahun. (Kontan).
INTP: SELL; 18E’ PE: 29.1x, PBV: 2.8x.
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24 Januari 2018
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Page 3 of 7
TLKM: Trafik komunikasi Telkomsel meningkat pasca gempa di Lebak
Anak usaha PT Telekomunikasi Indonesia Tbk (TLKM), PT Telekomunikasi Seluler (Telkomsel), melaporkan adanya kenaikan trafik komunikasi, baik layanan telepon maupun data pasca terjadi bencana gempa. Trafik layanan telpon melonjak hingga 13% dan layanan data meningkat 50%
dari hari biasa di wilayah Jabodetabek. Lonjakan trafik data dipicu oleh tingginya akses layanan berbasis internet, terutama untuk akses layanan instant messaging dan browsing internet.
(Investor Daily). TLKM: BUY; 18E’ PE: 15.4x, PBV: 4.0x.
Migas: PP Holding migas ditargetkan segera terbit
Peraturan pemerintah yang menjadi landasan hukum pembentukan holding migas ditargetkan selesai dalam waktu dekat. Pasca terbitnya beleid, pemerintah akan mengalihkan 57,3% saham yang dimiliki di PT Perusahaan Gas Negara Tbk (PGAS) ke PT Pertamina (Persero) yang menjadi induk holding migas.
Setelah pembentukan, Pertamina ditugaskan untuk menyiapkan rencana strategic holding, dimana
akan dibentuk subholding, salah satunya subholding gas dengan PT Pertagas akan digabung
dengan PGAS. Subholding tersebut merupakan bagian dari 4 subholding yang dibentuk, yaitu
hulu, pengolahan, pemasaran dan gas. (Investor Daily). Oil and gas: Neutral
Riset Saham Harian
24 Januari 2018
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Page 4 of 7
Stock Rec. JCI Wgt Last price 1D Chg YTD Chg TP Cons TP SSI Upside PE PE PBV PBV ROE ROE
(%) (Rp) (%) (%) (Rp) (Rp) (%) 17E 18E 17E 18E 17E 18E
Banks
BMRI BUY * 5.3 8175 1.2 2.2 7724 7900 -3.4 19.1 15.9 2.2 1.9 11.4% 11.9%
BBCA HOLD 7.7 22650 0.8 3.4 21890 21300 -6.0 24.2 21.5 4.3 3.7 17.6% 17.0%
BBRI BUY * 6.7 3920 7.4 7.7 3583 3560 -9.2 17.5 14.6 2.9 2.5 16.7% 17.3%
BBNI HOLD 2.5 9650 2.7 (2.5) 9387 9000 -6.7 13.6 11.7 1.8 1.6 13.6% 14.0%
BBTN HOLD 0.5 3690 1.4 3.4 3550 3300 -10.6 13.3 11.2 1.8 1.6 13.7% 14.3%
BNLI BUY 0.2 640 0.8 2.4 818 890 39.1 17.3 17.8 0.8 0.8 4.8% 4.4%
Average 17.5 15.4 2.3 2.0 12.9% 13.2%
Consumer (Staples)
ICBP BUY 1.4 8850 1.7 (0.6) 9457 10200 15.3 26.3 24.3 5.2 4.7 19.9% 19.3%
INDF BUY 1.0 8125 0.6 6.6 9425 9900 21.8 16.0 14.5 2.3 2.1 14.2% 14.4%
KLBF BUY 1.1 1735 2.4 2.7 1722 1900 9.5 33.4 29.4 6.1 5.5 18.4% 18.5%
ROTI BUY 0.1 1225 0.4 (3.9) 1378 1590 29.8 32.7 18.5 4.0 3.4 12.2% 18.3%
UNVR HOLD 5.9 55500 2.0 (0.7) 51978 49900 -10.1 59.8 54.5 78.5 69.6 131.3% 127.7%
SIDO BUY * 0.1 600 0.0 10.1 542 550 -8.3 18.3 17.5 3.1 3.0 17.1% 17.1%
AISA BUY 0.0 590 0.9 23.9 800 700 18.6 2.6 5.2 0.4 0.4 15.6% 7.2%
Average 27.0 23.4 14.2 12.7 32.7% 31.8%
Cigarette
HMSP BUY * 8.9 5500 6.8 16.3 4257 4390 -20.2 49.5 47.8 17.0 15.5 34.3% 32.4%
GGRM BUY * 2.3 85200 0.2 1.7 86799 83700 -1.8 23.4 21.9 3.6 3.2 15.6% 14.8%
Average 36.4 34.9 10.3 9.4 25.0% 23.6%
Healthcare
MIKA BUY 0.4 1900 0.5 5.0 2308 2950 55.3 35.5 32.1 6.9 6.2 19.4% 19.4%
SILO HOLD 0.2 8950 (0.6) (6.5) 11440 10700 19.6 110.7 90.5 3.6 3.4 3.3% 3.7%
Average 73.1 61.3 5.2 4.8 11.3% 11.6%
Poultry
CPIN HOLD 0.8 3520 2.9 17.3 3155 3380 -4.0 20.1 15.2 3.5 3.0 17.6% 20.0%
JPFA BUY 0.2 1400 (4.1) 7.7 1645 1600 14.3 12.1 11.4 1.6 1.4 13.0% 12.4%
MAIN BUY 0.0 720 0.0 (2.7) 959 1200 66.7 4.3 3.4 0.6 0.5 14.6% 16.2%
Average 12.2 10.0 1.9 1.7 15.1% 16.2%
Retail
MAPI BUY 0.2 7200 1.1 16.1 8164 8000 11.1 48.3 23.7 3.4 3.0 7.1% 12.7%
RALS BUY 0.1 1180 (1.7) (1.7) 1258 1500 27.1 19.9 16.2 2.2 2.0 11.1% 12.7%
ACES BUY 0.3 1260 3.7 9.1 1353 1600 27.0 28.7 24.2 6.4 5.4 22.4% 22.4%
LPPF BUY 0.4 11075 4.2 10.8 12691 11500 3.8 14.8 14.4 9.5 7.1 64.5% 49.8%
Average 27.9 19.6 5.4 4.4 26.3% 24.4%
Media
MNCN BUY 0.3 1465 (0.7) 14.0 1819 2000 36.5 10.8 9.7 2.1 1.9 19.3% 19.3%
SCMA BUY 0.5 2540 0.8 2.4 2640 2900 14.2 23.5 20.7 9.0 7.5 38.4% 36.3%
Average 17.2 15.2 5.6 4.7 28.9% 27.8%
Telco
EXCL BUY 0.5 3110 3.7 5.1 4011 3200 2.9 97.2 41.5 1.6 1.5 1.6% 3.6%
ISAT BUY 0.4 5600 1.4 16.7 7541 8200 46.4 16.9 11.4 2.1 1.9 12.4% 16.3%
TLKM BUY 5.7 4090 (1.0) (7.9) 4756 5000 22.2 17.5 15.4 4.4 4.0 25.1% 25.9%
TOWR BUY 0.6 3950 (0.8) (1.3) 4868 4500 13.9 15.1 13.6 3.1 2.7 20.9% 20.2%
Average 36.7 20.5 2.8 2.5 15.0% 16.5%
Auto and HE
ASII BUY 4.8 8525 3.3 2.7 9014 9400 10.3 14.8 13.1 2.8 2.2 18.6% 16.6%
UNTR BUY 2.1 40425 4.9 14.2 38216 41500 2.7 21.7 21.5 3.4 3.1 15.5% 14.2%
Average 18.2 17.3 3.1 2.6 17.1% 15.4%
Aviation
GIAA HOLD 0.1 318 1.3 6.0 350 350 10.1 238.8 233.0 0.7 0.6 0.3% 0.3%
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Property
BSDE BUY 0.5 1690 1.5 (0.6) 2187 2350 39.1 15.1 13.0 1.3 1.1 8.7% 8.6%
PWON BUY 0.5 715 3.6 4.4 741 767 7.3 17.4 14.7 3.3 2.8 19.2% 19.1%
ASRI BUY 0.1 378 0.5 6.2 421 448 18.5 14.1 13.3 0.9 0.9 6.7% 6.7%
SMRA HOLD 0.2 1030 1.5 9.0 1159 1110 7.8 45.9 43.8 1.3 1.5 2.8% 3.4%
SSIA HOLD 0.0 520 (2.8) 1.0 746 626 20.4 33.7 31.3 0.8 0.8 2.4% 2.6%
CTRA BUY 0.3 1160 0.0 (2.5) 1423 1580 36.2 17.2 15.8 1.5 1.4 8.7% 9.2%
DMAS BUY 0.1 165 0.0 (3.5) 258 228 38.2 9.3 7.5 0.9 0.8 9.7% 10.8%
KIJA BUY 0.1 290 0.0 1.4 384 450 55.2 12.6 11.4 1.0 0.9 7.8% 7.9%
Average 20.7 18.8 1.4 1.3 8.3% 8.5%
Construction
PTPP BUY 0.3 2940 0.7 11.4 4002 4150 41.2 13.1 11.1 1.5 1.4 11.8% 12.6%
ADHI BUY 0.1 2120 1.0 12.5 2544 2550 20.3 22.1 16.3 1.3 1.3 6.1% 7.9%
WSKT BUY 0.5 2630 1.9 19.0 3058 3250 23.6 15.7 12.4 1.8 1.7 11.2% 13.6%
WIKA BUY 0.2 1970 1.8 27.1 2413 3000 52.3 15.9 13.9 1.3 1.1 8.0% 8.3%
Average 16.7 13.4 1.5 1.4 9.3% 10.6%
Cement
INTP SELL 1.1 21700 1.2 (1.1) 17858 13500 -37.8 38.8 29.1 3.0 2.8 7.7% 9.6%
SMGR HOLD 0.9 10650 (0.9) 7.6 10983 9000 -15.5 22.0 17.8 2.1 1.9 9.4% 10.7%
SMCB SELL 0.1 880 1.1 5.4 677 700 -20.5 -11.6 -12.1 0.9 0.9 -7.8% -7.7%
SMBR HOLD 0.4 3140 0.3 (17.4) 598 2300 -26.8 174.4 174.4 9.4 9.1 5.4% 5.2%
Average 55.9 52.3 3.8 3.7 3.7% 4.4%
Precast
WSBP BUY 0.2 452 0.5 6.9 630 500 10.6 11.6 9.0 1.4 1.2 12.3% 13.6%
WTON BUY 0.1 570 0.0 14.0 800 750 31.6 15.0 14.3 2.2 2.0 14.6% 14.0%
Average 13.3 11.6 1.8 1.6 13.4% 13.8%
Oil and Gas
PGAS BUY * 0.9 2690 8.9 53.7 2182 2200 -18.2 24.5 18.3 1.4 1.4 5.9% 7.5%
AKRA BUY 0.3 6225 0.40 -2.0 7494 8500 36.5 15.3 18.1 3.1 2.7 20.0% 15.2%
TPIA HOLD 1.4 5600 0.4 -6.7 5324 5800 3.6 24.9 22.9 4.3 3.8 17.1% 16.8%
BRPT BUY 0.4 2220 3.3 -1.8 2518 2600 17.1 16.8 15.2 1.3 1.2 8.0% 7.6%
MEDC BUY 0.3 1280 (0.4) 43.8 1182 1500 17.2 9.6 8.9 1.4 1.2 14.7% 13.8%
Average 18.2 16.7 2.3 2.1 13.1% 12.2%
Utilities
JSMR BUY 0.6 6075 0.8 (5.1) 6945 7500 23.5 21.5 18.3 2.9 2.6 13.6% 14.3%
Metal
ANTM BUY 0.3 800 3.2 28.0 908 1050 31.3 200.0 80.0 1.0 1.2 0.5% 1.5%
INCO BUY 0.5 3360 (0.6) 16.3 3435 3800 13.1 -1600.0 40.9 1.4 1.3 -0.1% 3.3%
TINS BUY 0.1 985 (0.5) 27.1 1171 1200 21.8 15.4 13.1 1.3 1.2 8.4% 9.4%
Average -461.5 44.7 1.2 1.3 2.9% 4.7%
Coal
DOID BUY 0.1 1050.0 6.1 46.9 1386.7 1450 38.1 15.7 7.3 4.4 2.7 27.8% 36.7%
ITMG BUY * 0.4 28500 0.1 37.7 27684 24500 -14.0 10.2 10.3 2.3 2.2 22.1% 20.8%
ADRO BUY * 1.1 2420 4.8 30.1 2555 2400 -0.8 12.3 12.0 1.4 1.3 11.3% 10.8%
PTBA BUY * 0.5 3320 0.6 35.0 3293 3150 -5.1 17.5 10.0 0.6 0.5 3.4% 5.2%
Average 13.9 9.9 2.2 1.7 16.1% 18.4%
Plantation
AALI BUY 0.3 13050 0.2 (0.8) 16703 17800 36.4 10.2 9.4 1.4 1.3 14.1% 13.8%
LSIP BUY 0.1 1370 (1.1) (3.5) 1729 1950 42.3 12.3 11.4 1.1 1.1 9.2% 9.3%
SIMP HOLD 0.1 505 0.0 8.8 530 550 8.9 11.7 10.3 0.5 0.5 4.6% 5.0%
Average 11.4 10.4 1.0 1.0 9.3% 9.4%
Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Note: *: Under Review
Riset Saham Harian
24 Januari 2018
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Regional Indices 1D Change
Points 1D 3D 1W 1M 3M YTD 1YR High Low
World 9.04 2,230 0.41 1.03 1.37 6.21 9.78 6.02 24.54 2,231 1,780
U.S. (S&P) 6.16 2,839 0.22 1.47 2.26 5.81 10.51 6.19 24.52 2,842 2,267
U.S. (DOW) (3.79) 26,211 (0.01) 0.74 1.62 5.88 11.81 6.03 31.63 26,246 19,785
Europe 7.01 3,672 0.19 1.42 1.39 3.35 1.71 4.80 11.91 3,709 3,214
Emerging Market 13.88 1,252 1.12 2.03 2.83 9.75 12.49 8.11 37.83 1,252 903
FTSE 100 16.39 7,732 0.21 0.40 (0.31) 1.83 2.73 0.57 n/a 7,793 7,094
CAC 40 (6.73) 5,535 (0.12) 0.74 0.39 3.18 2.60 4.19 14.60 5,567 4,734
Dax 95.91 13,560 0.71 2.09 2.36 3.72 4.20 4.97 16.94 13,597 11,480
Indonesia 134.81 6,635 2.07 2.51 3.20 6.66 11.48 4.40 25.38 6,635 5,268
Japan (98.41) 24,026 (0.41) 0.91 0.66 4.90 10.18 5.54 27.88 24,129 18,225
Australia 15.64 6,053 0.26 0.78 0.61 (0.28) 2.63 (0.21) 7.12 6,150 5,583
Korea (0.18) 2,536 (0.01) 0.64 0.83 3.93 1.84 2.79 22.78 2,562 2,052
Singapore 22.65 3,592 0.63 2.01 1.18 6.10 7.72 5.56 18.08 3,595 3,023
Malaysia 4.89 1,838 0.27 0.90 0.66 4.42 5.87 2.29 9.36 1,840 1,668
Hong Kong 537.29 32,931 1.66 2.52 3.22 11.34 16.96 10.07 43.49 32,931 22,908
China 45.14 3,547 1.29 2.06 3.20 7.57 4.67 7.24 12.85 3,547 3,017
Taiwan 21.65 11,253 0.19 1.64 2.43 6.79 4.74 5.73 19.11 11,270 9,414
Thailand 7.72 1,832 0.42 0.68 0.55 5.15 7.64 4.45 16.02 1,838 1,529
Philipines 48.40 8,999 0.54 2.02 1.51 6.72 8.68 5.15 22.09 8,999 7,146
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) 0.02 3.93 (0.01) (12.10) 2.47 0.72 (5.85) 4.96 3.89
Foreign Reserve (US$bn) n/a 130.20 n/a 3.36 0.61 11.89 11.89 130.20 116.89
Inflation Rate (%) n/a 0.71 n/a 255.00 446.15 69.05 69.05 0.97 (0.07)
US Fed Rate (%) 0.00 1.50 0.00 0.00 20.00 0.00 100.00 1.50 0.75
Indo Govt Bond Yld (10yr) - % 0.00 6.18 (0.31) (2.97) (8.13) (2.22) (17.75) 7.66 6.09
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia (23.00) 13325 0.17 0.17 0.10 1.77 1.82 1.82 0.26 13,645 13,145
Japan (0.03) 110.28 0.03 0.44 0.92 2.70 2.19 2.19 3.18 115.51 107.32
UK 0.00 1.40 0.01 1.04 1.24 4.72 3.62 3.62 11.84 1.40 1.21
Euro (0.00) 1.23 (0.02) 0.61 0.91 3.60 2.43 2.43 14.59 1.23 1.05
China (0.00) 6.40 0.00 0.24 0.61 2.11 1.59 1.59 7.01 6.92 6.39
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (0.01) 64.46 (0.02) 1.72 0.77 10.24 22.85 6.69 21.21 64.89 42.05
CPO 19.00 2,494.00 0.77 0.73 (0.95) 1.75 (10.51) (0.36) (19.44) 3,163.00 2,390.00
Rubber (3.00) 748.00 (0.40) (0.47) (0.13) 1.22 (4.96) 2.12 (33.18) 1,174.00 732.50
Coal (0.05) 106.50 (0.05) 0.47 0.66 6.61 10.48 4.77 26.94 106.60 71.25
Iron Ore 0.87 73.89 1.19 1.18 (0.20) 5.91 22.95 4.39 (10.54) 94.91 54.24
Tin (30.00) 20,825.00 (0.14) 1.76 1.59 6.36 5.84 3.63 3.59 21,245.00 18,750.00
Nickel 90.00 12,850.00 0.71 3.05 2.43 5.94 8.35 0.71 32.34 13,200.00 8,680.00
Copper (145.00) 6,923.00 (2.05) (2.16) (2.19) (2.84) (1.16) (4.47) 19.47 7,312.50 5,462.50
Gold 4.40 1,341.10 0.33 0.60 0.14 5.02 5.12 2.66 10.76 1,358.50 1,179.70
Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
DISCLAIMERS : Analyst Certification : The v iews expressed in this research accurately ref lect the personal views of the analyst(s) about the subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or v iews in this research. The analyst(s) principally responsible for the preparation of this research has taken reasonable care to achieve an d maintain independence and objectivity in making any recommendations. This document is f or information only and f or the use of the recipient. It is not to be reproduced or copied or made available to others. Under no circumstances is it to be considered as an offer to sell or solicitation to buy any security. Any recommenda tion contained in this report may not be suitable f or all investors. Moreover, although the inf ormation contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights reserv ed by PT Samuel Sekuritas Indonesia
www.samuel.co.id
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Research Team
Andy Ferdinand, CFA Head Of Equity Research, Strategy,
Banking, Consumer [email protected] +6221 2854 8148
Ahmad Mikail Economist [email protected] +6221 2854 8396
Muhamad Makky Dandytra, CFTe Technical Analyst [email protected] +6221 2854 8382 Akhmad Nurcahyadi, CSA Auto, Aviation, Cigarette, Construction
Healthcare, Heavy Equipment, Property [email protected] +6221 2854 8144 Arandi Ariantara Cement, Telecommunication, Toll Road,
Oil and Gas [email protected] +6221 2854 8392
Marlene Tanumihardja Poultry, Retail, Small Caps [email protected] +6221 2854 8387
Sharlita Lutfiah Malik Mining, Plantation [email protected] +6221 2854 8339
Nadya Swastika Research Associate [email protected] +6221 2854 8338
Private Wealth Management
Evelyn Satyono Head of PWM / Institutional Sales [email protected] +6221 2854 8380 Muhamad Alfatih CSA, CTA, CFTe Senior Technical Portfolio Advisor [email protected] +6221 2854 8129 Ronny Ardianto Institutional Equity Sales [email protected] +6221 2854 8399 Clarice Wijana Institutional Equity Sales [email protected] +6221 2854 8395 Fachruly Fiater Institutional Equity Sales [email protected] +6221 2854 8325
Equity Sales Team
Kelvin Long Head of Equities [email protected] +6221 2854 8150
Yulianah Institutional Equity Sales [email protected] +6221 2854 8146
Lucia Irawati Retail Equity Sales [email protected] +6221 2854 8173
Online Trading Sales Team
Nugroho Nuswantoro Head of Marketing Online Trading [email protected] +6221 2854 8372
Wahyu Widodo Marketing [email protected] +6221 2854 8371
Aben Epapras Marketing [email protected] +6221 2854 8389
