L A P O R A N H A R I A N RESEARCH PERKIRAAN PASAR HARI INI PERKEMBANGAN INDUSTRI / PERUSAHAAN. Selasa, 27 September 2016

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Selasa, 27 September 2016

L A P O R A N H A R I A N

Daily Report dapat dilihat di website BNI Securities : www.bnisecurities.co.id

RESEARCH

_{PERKIRAAN PASAR HARI INI}

IHSG Berpotensi Mengalami Pelemahan

Bursa Amerika kembali ditutup di zona merah, di mana Dow Jones melemah 0,91% dan S&P 500 tercatat mengalami penurunan sebesar 0,86%. Hal serupa juga dialami bursa Eropa, di mana Euro Stoxx 600 mengalami penurunan sebesar 1,55% pada perdagangan kemarin. Melemahnya saham perbankan menjadi salah satu faktor yang menyebabkan melemahnya bursa Amerika dan Eropa setelah pemerintah Jerman mengindikasikan bahwa perlu dilakukan langkah penyelamatan untuk Deutsche Bank. Haven assets tercatat mengalami kenaikan permintaan di tengah ketidakpastian ekonomi global dan menyusul debat pertama calon preisden AS. Di pasar komoditas, WTI Crude ditutup di level USD 45,7/barrel, setelah Arab Saudi mengindikasikan akan melakukan pengurangan produksi.

Sedangkan di Asia, indeks NIKKEI ditutup melemah 1,25%, salah satunya diakibatkan penguatan Yen dan pelemahan saham supplier dari Apple akibat kekhawatiran penjualan iPhone 7 yang akan kurang menggembirakan di Eropa. Sedangkan indeks Shanghai Composite mencatat pelemahan sebesar 1,76%. Bursa Asia Tenggara tercatat mengalami penurunan, termasuk IHSG yang ditutup melemah 0,68% ke level 5.352,14. Sektor aneka industri mencatatkan penurunan terdalam, yaitu sebesar 1,89%, disusul konsumer (-1,23%) dan perdagangan (-0,98%). Penurunan ini menyusul penurunan yang terjadi di bursa global pada perdagangan hari Jumat sebelumnya serta pasar yang cenderung mencermati hasil debat presiden di AS hari ini. Investor asing mencatatkan net sell sebesar Rp 335,91 miliar. Di pasar valas, nilai tukar Rupiah terhadap USD ditutup menguat 0,31% ke level Rp 13.041/USD. Kami melihat indeks berpotensi kembali mengalami pelemahan pada hari ini, menyusul sentimen negatif dari pasar global pada perdagangan hari Senin.

Analyst: Richard Jerry (richard@bnisecurities.co.id)

PERKEMBANGAN INDUSTRI / PERUSAHAAN

 Puradelta Lestari (DMAS) Akan Tuntaskan Akuisisi Lahan.

NOT RATED. Analyst: Maxi Liesyaputra.

 BI Berencana Turunkan Batas Maksimum Bunga Kartu Kredit. NEUTRAL. Analyst: Richard Jerry.

Penutupan Perubahan %Prb %Ytd P/E

Americas INDU Index SPX Index CCMP Index IBOV Index EMEA UKX Index CAC Index RTSSTD Index IBEX Index FTSEMIB Index AEX Index SMI Index Asia / Pacific NKY Index HSI Index SHCOMP Index TWSE Index KOSPI Index JCI Index SET Index PCOMP Index SENSEX Index FSSTI Index 18,120.17 -3.63 -0.02 3.99 17.45 2,139.12 -0.04 0.00 4.66 20.08 5,235.03 -9.539 -0.18 4.55 40.76 57,350.38 270.62 0.47 32.30 157.60 6,813.55 103.27 1.54 9.15 57.27 4,394.19 61.74 1.43 (5.24) 22.43 12,985.54 30.28 0.23 11.58 7.00 8,715.50 82.1 0.95 (8.68) 21.62 16,399.26 207.1 1.28 (23.43) 3.88 444.70 5.63 1.28 0.65 41.80 8,195.71 65.27 0.80 (7.06) 29.30 16,496.88 -22.41 -0.14 (13.33) 20.51 23,550.45 214.86 0.92 7.47 12.63 3,026.05 23.202 0.77 (14.50) 17.56 9,152.88 250.58 2.81 9.77 17.09 2,013.40 -2.38 -0.12 2.66 18.50 5,321.84 54.072 1.03 15.87 26.38 1,492.73 13.66 0.92 15.89 19.94 7,575.84 22.08 0.29 8.97 21.21 28,634.50 35.47 0.12 9.64 21.40 2,852.14 24.69 0.87 (1.06) 11.99

Deskripsi Terakhir Sebelumnya %Prb

Kapitalisasi Pasar (IDR Triliun) 5,729.32 5,669.93 1.05 Volume Transaksi (Juta Saham) 3,455.00 4,876.69 -29.15 Nilai Transaksi (IDR Juta) 3,793.00 6,140.76 -38.23 Nilai/ saham (IDR) 1,097.83 1,259.21 -12.82 Net Asing (IDR Juta) (97,419.25) (140,336.50) -30.58

Komoditas Terakhir Sebelumnya %Prb

Nikel/Nickel (US$/Ton) 10,150.00 9,725.00 4.37 Tembaga/Copper (US$/Ton) 4,776.00 4,788.00 -0.25 Timah/Tins (US$/Ton) 19,350.00 19,100.00 1.31 Minyak/Oil (US$/BBL) (*) 43.30 43.03 0.63 Gas (US$/MMBTU) 2.52 2.35 6.98 Batu Bara/Coal (US$/Ton) (**) 71.25 71.15 0.14 Emas/Gold (USD/OZ) 1,314.77 1,313.13 0.12 CPO PALMROTT(USD/ton) 710.00 695.00 2.16 CPO MALAYSIA(RM/ton) 2,833.50 2,816.50 0.60 (*) WTI Cushing

(**) McCloskey Newscatle

ADR Stocks Bloomberg Terakhir % Konversi Terakhir (Rp)

(US$) Prb (Rp)

Saham Kode Last (US$) %Change Conv (Rp) Last (Rp) Telkom TLK US 63.54 1.86 20,504.31 4,200.00

Saham Pilihan Hari Ini Rekomendasi TP (Rp)

Property and Real Estate Sector NEUTRAL -Infrastructure Sector OVERWEIGHT

-Cement Sector NEUTRAL

-Banking Sector NEUTRAL

-Telecommunication Sector OVERWEIGHT -Tower (Telecommunication) Sector OVERWEIGHT -Oil & Gas Sector OVERWEIGHT

-Metal Mining Sector NEUTRAL

-Coal Mining Sector NEUTRAL

-Palm Oil Sector NEUTRAL

-Consumer Sector - FMCG NEUTRAL -Consumer Sector - Cigarette NEUTRAL -Pharmaceutical Sector OVERWEIGHT

-Healthcare Sector OVERWEIGHT

-Transportation Sector NEUTRAL

-Automotive Sector NEUTRAL

-Poultry Sector NEUTRAL

-Crops Sector OVERWEIGHT

-Fishery Sector OVERWEIGHT

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

RINGKASAN BERITA

 PT Astra Graphia Tbk (ASGR) akan membagikan dividen interim

tunai kepada pemegang sahamnya sebesar Rp27 per saham pada 17 Oktober 2016.

 PT Barito Pasific Tbk (BRPT) berhasil meraih laba sebesar US$49,30

juta pada 1H16 usai menderita rugi sebesar US$2,01 juta pada periode yang sama tahun lalu.

 PT Renuka Coalindo Tbk (SQMI) berniat melepas sebagian atau

seluruh investasinya di dua entitas usahanya. Dua anak usaha Renuka Coalindo tersebut yakni PT Jambi Prima Coal dan PT Surya Global.  Pendapatan PT Apexindo Pratama Duta Tbk (APEX) alami

penurunan tajam menjadi US$71,30 juta pada 1H16 dibandingkan US$146,79 juta pada periode sama tahun sebelumnya.

 PT Gajah Tunggal Tbk (GJTL) mengatakan bahwa pada 22

September 2016 lalu perseroan melaporkan kepada National Highway Traffic Safety Administration (NHTSA) di Amerika Serikat.

 PT Selamat Sempurna Tbk (SMSM) berencana melakukan stock split

atau pemecahan nilai saham dalam rangka meningkatkan likuiditas. Syarat minimal saham beredar di publik atau free float 7,5% sudah dipenuhi emiten suku cadang kendaraan bermotor ini. Publik saat ini menggenggam 602,85 juta saham atau setara 41,87% modal ditempatkan daan disetor penuh.

 PT Lippo Cikarang Tbk (LPCK) akan meluncurkan proyek hunian

terjangkau (affordable housing) Urban Home Cikarang pada akhir 2016. Strategi pemasaran Perseroan akan menyasar pembeli rumah pertama dengan segmen kelas menengah dan menengah atas. Apartemen ini akan dibanderol dengan harga mulai dari Rp400 juta per unit.

(Sumber : www.iqplus.info; www.bisnis.com)

No Stock Top Value (IDR)

1 TLKM IJ 490,648,700,000

2 BMRI IJ 273,405,200,000

3 BBCA IJ 261,505,300,000

4 LPPF IJ 257,445,200,000

5 BBRI IJ 234,978,700,000

No Stock Top Volume (Shares)

1 BEKS IJ 609,920,900.00

2 MYRX IJ 566,752,800.00

3 BKSL IJ 178,498,300.00

4 TLKM IJ 120,404,300.00

5 NIKL IJ 80,294,800.00

No Top Gainers % change

1 AKKU IJ 30

2 TMPO IJ 29.61

3 MKNT IJ 24.85

4 NELY IJ 17.11

5 MAYA IJ 14.81

No Top Losers % change

1 FORU IJ -10

2 NAGA IJ -10

3 AIMS IJ -9.72

4 ASBI IJ -9.59

5 BYAN IJ -9.33

No Leading Movers % change

1 TLKM IJ 2.69

2 ASII IJ 3.13

3 GGRM IJ 4.04

4 BBCA IJ 0.99

5 HMSP IJ 0.74

No Lagging Movers % change

1 BBNI IJ -3.20 2 BYAN IJ -9.33 3 BBRI IJ -0.63 4 INDF IJ -0.88 5 ISAT IJ -1.86 1,590 4,270 6,950 9,630 12,310 14,990 3,000 3,500 4,000 4,500 5,000 5,500 6,000

1-Jan 11-Mar 20-May 29-Jul 7-Oct 16-Dec 24-Feb 5-May 14-Jul 22-Sep

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

PERKEMBANGAN INDUSTRI / PERUSAHAAN

Puradelta Lestari (DMAS) Akan Tuntaskan Akuisisi Lahan

Berita:

DMAS menargetkan akan menuntaskan akuisisi lahan seluas 135 hektar (ha) di bagian selatan kawasan industri Kota Deltamas pada 4Q16. Nilai akuisisi antara Rp 810-945 miliar. Kisaran harga tanah antara Rp 600.000 – 700.000 per meter persegi. Hingga saat ini proses akuisisi telah mencapai 90%. Dana akuisisi berasal dari kas internal dan dana hasil IPO.

Pandangan Analis:

Langkah perseroan dalam terus melakukan akuisisi lahan akan dapat menunjang pertumbuhan kinerja dalam jangka panjang. Hal ini juga terkait dengan peningkatan kebutuhan lahan industri seiring dengan pertumbuhan ekonomi Indonesia dan sejalan dengan upaya pemerintah untuk terus meningkatkan kontribusi dari industri non-migas. Setelah rencana akuisisi 135 ha ini terlaksana, landbank DMAS akan meningkat menjadi 1.785 ha yang akan memberikan ruang besar dalam menunjang pertumbuhan kinerja perseroan. Rekomendasi: NOT RATED.

Analyst: Maxi Liesyaputra (maxi@bnisecurities.co.id)

PERKEMBANGAN INDUSTRI / PERUSAHAAN

BI Berencana Turunkan Batas Maksimum Bunga Kartu Kredit

Berita:

Bank Indonesia berencana untuk menurunkan batas maksimum (capping) suku bunga kartu kredit menjadi 2,24% per bulan atau 26,95% per tahun untuk mendorong penggunaan transaksi nontunai.

"PBI belum keluar, namun Dewan Gubernur sudah sepakati capping akan turun," kata Deputi Gubernur Bank Indonesia Ronald Waas saat mengisi sesi pelatihan wartawan ekonomi di Semarang, Jawa Tengah, Sabtu (24/9/2016), seperti dikutip dari Antara. Sumber: Bisnis Indonesia

Pandangan Analis:

Bila peraturan ini disahkan menjadi PBI, maka hal ini akan mampu mendorong pertumbuhan konsumsi melalui kredit, yang tercatat sempat mengalami penurunan pada 1Q16 akibat keinginan regulator yang memanfaatkan data kartu kredit untuk mengecek status pajak seseorang. NEUTRAL.

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

TARGET HARGA SAHAM

Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share) Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016 Banking

BBCA IJ Equity 372,291 9.27 18.71 3.87 1.91 9.77 20.62 30.18 50.88 BUY 14,300

BBNI IJ Equity 107,230 -15.74 11.26 1.56 0.54 47.50 15.71 25.82 39.73 NOT RATED

-BBRI IJ Equity 292,330 4.98 11.63 2.61 0.92 60.64 21.78 24.04 43.25 BUY 13,500

BMRI IJ Equity 254,917 2.33 10.76 1.88 1.09 48.30 13.88 30.49 40.00 BUY 11,400

BBTN IJ Equity 21,392 62.04 8.40 1.00 0.45 173.70 13.61 98.12 39.95 BUY 2,290

BJBR IJ Equity 16,144 23.38 6.15 1.00 n.a. 120.27 20.35 164.63 25.00 BUY 990

BJTM IJ Equity 8,742 -5.81 5.74 1.03 n.a. 21.34 15.17 72.76 20.14 BUY 495

Average 153,292 11.49 10.38 1.85 0.98 68.79 17.30 63.72

Cement

INTP IJ Equity 63,685 -17.65 16.29 3.25 7.06 0.51 19.20 -1.81 35.97 HOLD 17,400

SMGR IJ Equity 59,760 -18.68 16.12 3.42 2.29 14.58 17.00 18.15 48.99 HOLD 10,850

SMBR IJ Equity 15,642 5.88 13.76 0.87 n.a. 0.00 10.13 499.97 23.76 HOLD 334

SMCB IJ Equity 8,697 n.a. 29.07 2.18 n.a. 70.63 3.18 7.53 19.36 HOLD 1,020

Average 36,946 -10.15 18.81 2.43 -8.87 0.20 13.75 130.96

Telecommunication

TLKM IJ Equity 411,264 6.51 17.57 4.02 1.17 35.66 24.72 56.56 48.80 BUY 3,300

ISAT IJ Equity 28,256 34.77 131.40 2.33 n.a. 138.43 -1.15 43.24 20.71 HOLD 5,400

EXCL IJ Equity 29,178 96.84 157.23 2.36 0.45 208.24 6.13 11.92 33.64 BUY 4,200

Average 156,233 46.04 102.07 2.90 0.81 127.44 9.90 37.24

Transportation

GIAA IJ Equity 11,331 n.a. 10.28 0.80 n.a. 142.56 -1.68 43.23 14.86 BUY 425

BIRD IJ Equity 6,781 -2.08 15.00 3.48 n.a. 45.50 21.13 -54.83 15.05 HOLD 7,800

TAXI IJ Equity 367 -72.84 2.80 0.29 n.a. 174.03 -4.79 -77.03 49.00 UNDER REVIEW

SOCI IJ Equity 2,922 -14.71 6.81 1.15 n.a. 67.94 15.86 -5.67 15.00 BUY 825

WINS IJ Equity 961 n.a. 6.95 0.58 n.a. 47.37 -2.64 43.71 42.16 HOLD 225

Average 4,472 -29.87 8.37 1.26 n.a. 95.48 5.58 -10.12

Automotive

ASII IJ Equity 333,989 -24.68 14.09 1.97 1.92 55.83 13.37 45.55 49.81 BUY 7,000

IMAS IJ Equity 4,148 63.82 42.83 1.32 n.a. 224.34 -1.29 -46.16 10.34 HOLD 3,000

Average 169,069 19.57 28.84 2.02 -13.03 1.53 12.23 -0.31

Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share) Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016 Construction

WIKA IJ Equity 19,678 2.78 23.90 3.79 1.03 64.55 16.04 20.55 34.93 HOLD 3,180

ADHI IJ Equity 9,507 30.85 10.77 1.98 0.61 55.57 13.34 42.99 74.20 BUY 2,645

PTPP IJ Equity 21,355 39.09 24.56 6.19 1.02 64.79 25.61 29.74 46.65 BUY 4,420

WSKT IJ Equity 35,562 78.26 35.06 5.86 0.50 79.82 17.20 64.14 33.96 BUY 2,180

TOTL IJ Equity 2,779 15.78 15.56 3.23 1.00 4.57 25.03 31.30 33.67 BUY 840

WTON IJ Equity 8,062 -47.28 25.05 3.90 n.a. 20.00 8.00 0.10 30.76 BUY 1,090

Average 16,157 19.91 22.48 4.16 1.38 0.69 18.75 31.47

Infrastructure

PGAS IJ Equity 68,119 -33.33 12.48 2.54 n.a. 89.61 11.16 16.81 43.03 HOLD 3,000

JSMR IJ Equity 32,640 3.14 23.10 3.49 1.06 129.01 15.58 -1.27 30.00 BUY 6,850

Average 50,379 -15.10 17.79 3.02 0.13 1.02 17.73 7.77

Oil & Gas

MEDC IJ Equity 5,065 n.a. 1048.86 122.06 n.a. 225.23 -21.64 11.61 49.00 HOLD 1,250

ELSA IJ Equity 3,576 -11.84 17.48 1.37 n.a. 28.07 15.21 22.12 41.08 NOT RATED

RUIS IJ Equity 185 -26.35 5.17 0.66 n.a. 162.70 13.23 13.06 49.82 NOT RATED

-ENRG IJ Equity 2,455 -284.43 8.44 0.46 n.a. 112.56 -41.02 -5.66 100.00 HOLD 120

Average 2,820 -107.54 0.77 371.08 -0.11 1.47 12.87 10.28

Property

ASRI IJ Equity 9,432 -45.64 7.92 1.59 n.a. 111.59 10.39 42.77 48.52 HOLD 380

APLN IJ Equity 6,355 -0.22 7.65 1.06 n.a. 69.60 11.38 -6.50 27.09 HOLD 300

BKSL IJ Equity 3,385 -15.29 12.14 0.53 n.a. 14.83 1.46 80.96 65.67 HOLD 90

BSDE IJ Equity 40,226 -46.76 12.83 2.11 3.23 35.86 8.20 42.87 37.90 BUY 2,360

CTRA IJ Equity 23,292 -2.13 14.19 2.56 n.a. 40.44 14.84 90.72 69.35 HOLD 980

CTRP IJ Equity 3,695 -15.44 6.57 0.93 n.a. 60.61 7.31 65.32 43.69 HOLD 470

CTRS IJ Equity 5,042 15.66 9.20 1.83 n.a. 18.73 18.66 27.26 37.33 BUY 2,850

BEST IJ Equity 2,971 -45.93 8.18 1.22 n.a. 46.78 9.45 16.16 41.79 BUY 438

SSIA IJ Equity 2,729 -27.46 9.68 1.59 n.a. 41.25 4.74 -16.70 68.76 BUY 780

MDLN IJ Equity 4,637 23.65 9.27 1.20 n.a. 75.00 11.94 8.72 73.34 HOLD 450

PWON IJ Equity 29,618 -49.84 10.11 2.96 1.03 51.91 19.22 82.67 47.80 BUY 545

LPKR IJ Equity 23,770 -79.06 15.10 1.65 0.31 65.37 1.48 -4.70 94.75 HOLD 1,320

SMRA IJ Equity 24,526 -38.26 18.15 3.97 2.17 82.31 6.01 30.70 67.69 BUY 1,830

KIJA IJ Equity 6,281 -14.79 7.10 0.97 n.a. 70.50 8.73 61.26 74.12 BUY 280

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

TARGET HARGA SAHAM

Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share) Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016 Agriculture

AALI IJ Equity 31,276 -75.28 68.93 2.75 4.00 66.10 7.11 12.27 20.32 HOLD 20,000

BWPT IJ Equity 6,305 n.a. 15.45 0.02 n.a. 135.78 -6.10 -25.80 34.46 BUY 220

LSIP IJ Equity 10,780 -32.09 13.68 1.26 n.a. 0.00 6.04 52.39 40.41 BUY 1,700

SGRO IJ Equity 3,742 -27.22 9.76 0.77 n.a. 81.16 2.19 44.28 27.22 HOLD 1,540

SIMP IJ Equity 7,877 -69.64 47.31 0.37 52.92 52.85 2.22 11.53 21.45 HOLD 450

Average 11,996 -51.06 31.03 1.03 28.46 67.18 2.29 18.93

Metal

ANTM IJ Equity 16,701 -83.16 14.73 0.50 n.a. 55.20 -6.92 72.54 35.00 BUY 420

INCO IJ Equity 28,120 -70.59 11.55 0.64 n.a. 7.97 -0.63 110.14 20.49 HOLD 1,850

TINS IJ Equity 5,958 -84.44 232.16 0.74 n.a. 39.37 1.23 39.83 35.00 BUY 610

Average 16,926 -79.40 28.44 1.26 2.49 0.75 4.91 74.17

Mining

ADRO IJ Equity 39,663 -14.21 11.56 0.39 1.99 46.74 5.36 134.55 42.57 BUY 670

HRUM IJ Equity 2,960 n.a. - 0.43 n.a. 0.00 -6.29 19.02 27.64 HOLD 810

ITMG IJ Equity 12,599 -66.67 7.42 0.73 n.a. 0.00 4.80 49.88 29.07 HOLD 7,900

PTBA IJ Equity 23,445 9.93 8.59 1.36 1.61 21.77 21.98 80.09 28.74 BUY 6,900

Average 19,667 -23.65 6.89 0.73 1.80 17.13 6.46 70.88

Consumer

UNVR IJ Equity 344,304 -1.29 35.74 39.20 3.95 35.22 132.42 23.51 15.01 HOLD 40,000

INDF IJ Equity 72,439 -19.52 19.01 2.74 1.84 64.02 13.06 75.98 49.92 BUY 7,600

ICBP IJ Equity 112,537 13.44 31.60 5.19 1.63 17.51 21.60 64.21 19.47 BUY 16,700

MYOR IJ Equity 33,426 202.44 23.89 7.18 1.36 68.50 21.76 43.57 66.93 BUY 32,000

AISA IJ Equity 6,791 -9.11 22.00 3.10 n.a. 96.09 11.19 32.49 48.54 BUY 3,150

ROTI IJ Equity 7,846 43.45 48.81 7.94 0.97 83.67 23.80 44.03 30.63 BUY 1,450

GGRM IJ Equity 118,428 19.04 21.58 2.98 1.14 54.10 19.80 54.84 23.53 HOLD 52,000

Average 99,396 35.49 28.95 9.76 1.81 59.87 34.80 48.38

Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share) Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016 Pharmaceutical

KLBF IJ Equity 79,688 -2.99 32.65 8.65 3.30 3.65 20.56 13.72 43.35 BUY 1,700

KAEF IJ Equity 11,608 -2.76 21.16 2.82 #N/A N/A 17.44 13.69 217.77 9.97 BUY 1,370

Average 45,648 -2.88 26.90 5.74 1.61 0.02 19.35 115.75

Healthcare

SILO IJ Equity 12,023 -2.01 237.09 9.95 #N/A N/A 1.88 4.43 -21.69 29.18 BUY 16,400

MIKA IJ Equity 41,324 2.63 70.45 20.90 #N/A N/A 0.00 23.12 5.29 18.00 HOLD 2,800

Average 26,674 0.31 153.77 15.43 #DIV/0! 0.94 13.78 -8.20

Poultry

CPIN IJ Equity 58,869 4.67 17.60 4.47 #N/A N/A 65.79 20.50 80.90 44.22 BUY 4,075

JPFA IJ Equity 17,515 37.50 14.30 1.42 0.22 111.70 29.66 345.32 45.96 UNDER REVIEW

-MAIN IJ Equity 3,470 29.17 19.71 2.93 #N/A N/A 126.08 13.91 31.22 42.91 UNDER REVIEW

-Average 26,618 23.78 17.20 2.94 0.22 101.19 21.36 152.48

Crops

BISI IJ Equity 5,235 60.00 0.00 3.03 #N/A N/A 0.00 17.31 46.68 45.92 BUY 2,200

Fishery

DPUM IJ Equity 4,593 #N/A N/A 0.00 3.03 #N/A N/A 19.83 12.30 #N/A N/A 40.12 BUY 1,500

Retail

ACES IJ Equity 16,293 4.96 28.32 3.10 1.75 0.88 23.43 86.29 40.03 BUY 1,200

LPPF IJ Equity 57,045 25.72 28.32 3.10 1.37 0.00 #N/A N/A 20.22 79.52 UNDER REVIEW

-MAPI IJ Equity 7,204 -52.08 28.32 3.10 0.40 122.89 1.69 42.72 44.00 UNDER REVIEW

-MPPA IJ Equity 9,734 -66.99 28.32 3.10 1.26 23.42 -0.49 -17.97 23.68 UNDER REVIEW

-RALS IJ Equity 8,622 -4.95 26.60 4.26 1.28 0.00 15.04 124.55 40.46 UNDER REVIEW

-Average 19,780 -18.67 27.98 3.33 1.21 29.44 9.92 51.16

Wholesaler

MPMX IJ Equity 2,990 -41.96 4.20 0.32 #N/A N/A 132.80 4.93 37.40 27.58 BUY 775

Towers

TOWR IJ Equity 40,608 253.66 30.43 8.30 #N/A N/A 128.96 53.80 -0.50 67.28 HOLD 4,500

TBIG IJ Equity 28,180 105.87 23.93 8.10 2.16 1,161.70 55.41 -7.09 47.82 HOLD 7,000

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

RESEARCH TEAM

Phone : +62 21 25543946 (Hunting) Fax : +62 21 57935831 Email : research@bnisecurities.co.id Website : www.bnisecurities.co.id Norico Gaman

(Head of Research Division)

norico@bnisecurities.co.id Ext: 3934

Investment Strategy

Maxi Liesyaputra (Head of Equity Research Department) maxi@bnisecurities.co.id Ext: 3968 Construction, Property, Infrastructure, Cement Ariawan

(Head of Fixed Income Research Department)

ariawan@bnisecurities.co.id Ext: 2098

Fixed Income Market, Corporate & Government Bond

Andri Zakarias Siregar (Head of Technical Analysis Research Department)

andri.zakarias@bnisecurities.co.id Ext: 2054

Market Strategy, Currency, Commodities, Bond & Stocks

Heru Irvansyah (Economist) heru@bnisecurities.co.id Ext: 2030 Macroeconomic and Financial Market Richard Jerry (Equity Analyst) richard@bnisecurities.co.id Ext: 2032 Telecommunication, Banking, Tower Infrastructure, e-Commerce, Oil & Gas

Ankga Adiwirasta (Equity Analyst)

ankga.adiwirasta@bnisecurities.co.id Ext: 3986

Consumer Goods, Pharmaceutical, Health Care, Manufacture, Coal Mining, Metal Mining

Dessy Lapagu (Equity Analyst)

dessy@bnisecurities.co.id Ext: 2051

Poultry, Crops, Fishing, Retail Thennesia Debora (Equity Analyst) thennesia@bnisecurities.co.id Ext: 2123 Transportation, Automotive, Heavy Equipment, Plantation

Ahmad Hapiz (Junior Fixed Income Analyst)

ahmad.hapiz@bnisecurities.co.id Ext: 3968

R. Venia Allani Meissalina (Research Assistant)

venia.allani@bnisecurities.co.id Ext: 2050

Data Administrator

Indah Lestari Permata Herlina (Research Assistant) indah.lestari@bnisecurities.co.id Ext: 2073 Data Administrator

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

EQUITY TEAM

CM : +62 21 25543946 (Hunting)

Fax No : +62 21 57935831

Sukanto ext. 3997 sukanto@bnisecurities.co.id Equity Division Head

Jufrani Amsal ext. 3957 amsal@bnisecurities.co.id Channel Distribution Division Head Fian Pusparini ext. 3958 fian@bnisecurities.co.id Head of Institutional Relation Yulinda ext. 3950 yulinda@bnisecurities.co.id Institutional Sales

Teguh Hendro ext. 3948 teguh@bnisecurities.co.id Institutional Sales Danovan Yazir ext. 3929 danovan@bnisecurities.co.id Institutional Sales Dharmawan P. ext. 3916 prasetyo@bnisecurities.co.id Institutional Sales Fachrial Bayu ext. 3966 fachrial@bnisecurities.co.id Institutional Sales Jericho Biere ext. 3932 jericho@bnisecurities.co.id Institutional Sales

Dini Desita ext. 3981 dinidesita@bnisecurities.co.id Client Relation Putri Erinasari ext. 3920 putri.erinasari@bnisecurities.co.id Client Relation Anindyah Nurahmah ext. 2140 anindyah@bnisecurities.co.id Client Relation Iffa Rizqi Izzata ext. 3931 iffa@bnisecurities.co.id Client Relation

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Selasa, 27 September 2016

L A P O R A N H A R I A N

RESEARCH

MAIN OFFICE - JAKARTA

PT BNI SECURITIES

Sudirman Plaza, Indofood Tower 16th Floor

Jl. Jend. Sudirman Kav. 76-78 Jakarta 12910, Indonesia Phone: (62-21) 25543946 (Hunting)

Fax: (62-21) 57935831 e-mail: bnisec@bnisecurities.co.id (General)

Website: http://www.bnisecurities.co.id

JAKARTA – PT BNI Securities

Sudirman Plaza Indofood Tower Lt.16 Jl. Jend. Sudirman Kav. 76-78 Jakarta 12910

Phone: (62-21) 25543946 Fax: (62-21) 57935831 e-mail: wisma46@bnisecurities.co.id

JAKARTA - Mangga Dua

Pertokoan Mangga Dua Blok E4 No. 7 Jl. Mangga Dua Raya, Jakarta Utara Phone: (62-21) 6123804-5,62203890

Fax: (62-21) 6123806 e-mail: manggadua@bnisecurities.co.id

JAKARTA - Puri Indah

Ruko Puri Kencana Blok K6 - 2K Lt.2 Puri Kembangan, Jakarta Barat

Phone: (62-21) 58357464 Fax: (62-21) 58357465 e-mail: bnispuri@bnisecurities.co.id

JAKARTA - Central Park

Central Park, Office Tower Podomoro City

Jl. Letjen S. Parman Kav 28, Tanjung Duren Selatan, Grogol Petamburan Phone: (62-21) 29034215 Fax: (62-21) 29034216 email: centralpark@bnisecurities.co.id BANDUNG Jl. Perintis Kemerdekaan 3 Bandung - 40117 Phone: (62-22) 4213375 Fax: (62-22) 4220604 e-mail: bnisbpk@bnisecurities.co.id YOGYAKARTA

Jl. Laksda Adisucipto 137, Yogyakarta - 55282 Phone: (62-274) 581001-584032

Fax: (62-274) 584023 e-mail: jogja@bnisecurities.co.id

SOLO

Jl. Honggo Wongso No. 24, Surakarta Phone: (62-271) 729667, 730525

Fax: (62-271) 729668 e-mail: solo@bnisecurities.co.id

SURABAYA

Jl. Gubernur Suryo No. 36, Surabaya Phone: (62-31) 5320912

Fax: (62-31) 5318425 e-mail: surabaya@bnisecurities.co.id

MALANG

Jl. Buring No. 58, Malang Phone: (62-341) 321214,321213,321430

Fax: (62-341) 356876 e-mail: malang@bnisecurities.co.id

DENPASAR

Komplek Pertokoan Diponegoro Megah Blok A5-6 Lantai 2 Jl. Diponegoro No. 100, Denpasar - Bali

Phone: (62-361) 264376, 2753389 Fax: (62-361) 229170 e-mail: denpasar@bnisecurities.co.id

MEDAN

Jl. Pemuda No. 12, Medan - 20151 Phone: (62-61) 4579616

Fax: (62-61) 4579656 e-mail: medan@bnisecurities.co.id

PALEMBANG

Jl. Jend. Sudirman 132, Palembang - 30126 Phone: (62-711) 361969

Fax: (62-711) 319663 e-mail: plb@bnisecurities.co.id

PEKANBARU

Jl. Riau, No. 124, Lt. 2, Pekanbaru Phone: (62-761) 46757, 839698

Fax: (62-761) 856279 e-mail: pekanbaru@bnisecurities.co.id

MANADO

BNI KLN Megamas, Lt. 3, Kawasan Mega Mas Blok I C1 Jl. Piere Tendean, No. 20, Manado

Phone: (62-431) 847256 Fax: (62-24) 847256 e-mail: manado@bnisecurities.co.id

ACEH

Kantor Cabang BNI Banda Aceh Lt.2 Jl. KH. Ahmad Dahlan No. 111, Banda Aceh

Phone: (62-651) 31109 Fax: (62-651) 31107

BANJARMASIN

Gd. Bank BNI Antasari Lt. 2 Jl. Pangeran Antasari No. 44 RT 008, Banjarmasin

Phone: (62-511) 3253735 Fax: (62-651) 3253754 e-mail: banjarmasin@bnisecurities.co.id

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