RISET SAHAM HARIAN
Samuel Equity Research
Friday, 02 December 2016
www.samuel.co.id
DISCLAIMERS : Anal yst Certification : The vi ews express ed in this research acc urat el y reflect t he personal views of t he anal ys t(s) about t he s ubjec t s ecurities or issuers and no part of the c ompens ation of the analys t(s) was, is, or will be direc tl y or indirec tl y related t o the incl usion of s pecific recommendati ons or vi ews in this res earch. The anal yst(s) princi pall y res ponsible for the pr eparati on of this r esearch has t aken reasonable car e to ac hi eve and maintain i nd ependence and obj ecti vit y in maki ng any rec ommendati ons . This document is for inf ormation onl y and f or the use of the recipient . It is not to be repr oduced or copied or made available to ot hers. Under no circumst anc es is it t o be considered as an off er t o s ell or solicitation t o buy any s ecurit y. Any r ecommendation c ontai ned in this report may not be s uit able f or all invest ors. Mor eover, although the i nfor mation cont ained herein has been obtained from sources believed t o be r eliabl e, its accurac y, c omplet eness and reli abilit y c annot be guaranteed. All rights res er ved by PT Samuel Sekuritas Indonesi a.
:
5,198.8
:
+49.8
(+1.0%)
:
4,050
Mn shrs
:
5,327
Bn rupiah
Last
Close
+/-
%
UNVR
41,925
1400
3.5
TLKM
3,860
80
2.1
ASII
7,700
150
2.0
BBCA
14,500
270
1.9
TOWR
3,850
-140
-3.5
INTP
15,600
-375
-2.3
JPFA
1,570
-100
-6.0
MYRX
155
-13
-7.7
Foreign Net Buy / Sell
Net Buy (Rpbn)
Net Sell (Rpbn)
BBRI
156
TBIG
60
BMRI
123
TLKM
43
KLBF
45
PWON
38
BBNI
37
ASII
35
UNTR
35
BBCA
30
Money Market
Last
Close
+/-
%
USD/IDR
13,553
0.0
0.0
JIBOR O/N
4.2
0.0
-Infl (MoM)
0.5
-
-Dual Listing Securities
Last
Close
+/-
%
TLKM
27.9
-0.2
-0.7
ISAT
42.0
1.6
3.9
EIDO
23.4
0.0
0.2
World Indices
Last
Close
+/-
%
DJIA
19,192
68
0.4
S&P 500
2,191
-8
-0.4
Euro Stoxx
3,031
-21
-0.7
MSCI World
1,709
-3
-0.2
Nikkei
18,438
-75
-0.4
Hang Seng
22,878
88
0.4
Commodities
Last
Close
+/-
%
Brent Oil
54
2.1
4.1
CPO Malay
3,065
7.0
0.2
Coal Newc
82
-0.6
-0.7
Nickel
11,185
-41.3
-0.4
Tin
21,315
-5.0
0.0
Market Value
Changes
Leading Movers
Market Activity
Friday, 02 Dec 2016
Market Index
Index Movement
Market Volume
Changes
Changes
Changes
Changes
Lagging Movers
IHSG minim katalis
Di tengah minimnya katalis dan berlanjutnya kekhawatiran seputar
peraturan pajak dan regulasi perdagangan pasca terpilihnya DT serta
kenaikan suku bunga The Fed, ketiga indeks acuan AS semalam ditutup
mixed. Rally saham berbasis keuangan telah tergantikan oleh tekanan jual
yang terjadi pada saham berbasis teknologi. Dari update data terkini ISM
manufacturing dilaporkan sebesar 53.2 atau lebih baik dari 51.9 di bulan
sebelumnya, sedangkan angka initial dan continuing claims masih mampu
tercatat pada level yang tidak mengejutkan pelaku pasar. Investor kini
tengah menanti rilisnya data payrolls.
Dari pasar Eropa indeks tercatat turun seiring dengan fokus investor pada
perkembangan politik di Italy. Pasar juga tengah melakukan kalkulasi atas
dampak yang ditimbulkan dari keputusan pemotongan produksi oleh
OPEC. Dari pasar komoditas harga minyak dan emas tercatat naik.
Sementara itu, dari pasar APAC, sebagian besar indeks dibuka melemah.
Kami memperkirakan IHSG akan cenderung bergerak melemah. Aksi
damai yang dilakukan hari ini kami lihat akan menjadi salah satu sentimen
penggerak indeks, selain trend pelemahan nilai tukar rupiah (meskipun
cukup stabil selama sepekan terakhir) dan angka inflasi yang dilaporkan
kemarin. Pasar juga menanti rilisnya
data foreign reserves
sebagai sebuah
informasi sekaligus perkiraan (
guidance
) terhadap sejauh apa intervensi
untuk menjaga rupiah telah dilakukan.
Highlights
JSMR
: Garap Kediri – Kertosono, sepanjang 27,9 km
WIKA
: Kerjakan proyek dari pertamina
PTPP
: Siapkan capex Rp26tn
ACES
: Membidik pertumbuhan 7% di 2017
BEI
: Batas harga bawah saham direncanakan dihapus
Mining
: Revisi Pelonggaran Ekspor Dikebut
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JSM R: Garap Kediri – Kertosono, sepanjang 27,9 km
Menteri Pekerjaan Umum dan Perumahan Rakyat (PUPR) menerbitkan surat terkait
dengan penambahan lingkup tugas bai PT Jasa Marga Tbk (JSMR), yaitu ruas
Kediri – Kertosono sepanjang 27,9 km. Investasi ruas tol ini akan dibebankan dalam
ruas Ngawi – Kertosono.
Pembangunan ruas tol Kediri
– Kertosono diharapkan dapat membantu akses
wisatawan menuju destinasi wisata yang ada di bagian Selatan Trans-Jawa. (
Bisnis
Indonesia
)
JSMR: Buy; 17E’PE:15.7x, PBV: 2.2x.
WIKA: Kerjakan proyek dari pertamina
PT Wijaya Karya, Tbk (WIKA) telah ditetapkan sebagai kontraktor pengerjaan
persiapan lokasi proyek dan pembangunan jetty senilai Rp552miliar untuk proyek
refinery development master plan (RDMP) kilang Balikpapan.
Proyek yang harus dikerjakan meliputi penyiapan lahan area pembangunan kilang
seluas 75ha, pembangunan jetty dengan kapasitas 6.500 DWT, untuk keperluan
bongkar muat, pembangunan prasarana jalan, gedung serta peralatan
kepelabuhan.
Adapun RDMP kilang Balikpapan ditargetkan siap beroperasi pada 2019. (
Investor
Daily
).
WIKA. Buy 18.7.6x P/E17E dan 2.9x PBV 17E.
PTPP: Siapkan capex Rp26tn
PT Pembangunan Perumahan, Tbk (PTPP) mengalokasikan belanja modal sebesar
Rp26tn atau naik 550% dari realisasi capex tahun ini. Adapun jumlah tersebut
merupakan bagian dari total investasi Rp174tn selama empat tahu n mendatang.
Sebanyak 40% rencananya akan digunakan untuk divisi usaha energy, 18% untuk
residential dan sisanya 42% akan digunakan untuk infrastruktur yang terkait
pelabuhan.
PTPP juga teteap pada rencananya untuk melakukan IPO anak usahanya, PT PP
Peralatan, PT PP Precast dan PT PP Energi, dengan perkiraan total dana yang
akan diperoleh sebesar Rp10tn. (
Investor Daily
).
PTPP: Buy; 22.1x P/E17E dan
3.2x PBV 17E.
ACES: Membidik pertumbuhan 7% di 2017
PT Ace Hardware Indonesia Tbk. (ACES) optimis menatap pr ospek pertumbuhan
bisnis tahun depan. Direktur perseroan, Hartanto Djasman menargetkan
pendapatan dan laba tumbuh sebesar 7%. Lewat pertumbuhan pendapatan dan
laba di level yang sama, ACES berniat menjaga marjin laba di level 10 – 11%.
ACES pun akan melanjutkan ekspansi penambahan gerai baru, di mana 10 gerai
ditargetkan pada 2017 mendatang. (
Kontan
).
ACES: Buy, 17E’PE:21.8x, PBV:
4.5x.
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BEI: Batas harga bawah saham direncanakan dihapus
Sinyal penghapusan batas bawah harga saham (Rp 50) semakin kuat, dimana
direncanakan akan dimulai pada 1H17. Saat ini sedang dilakukan uji coba. Menuru t
BEI, ketika aturan itu diterapkan, dampak ke indeks kecil, hanya 0,15% terhadap
IHSG. Aturan baru ini dimaksudkan untuk membuat harga saham semakin sesuai
dengan kondisi sesungguhnya. Hal ini juga bisa membuat saham lebih aktif
diperdagangkan.
APEI menilai, penghapusan saham gocap akan membuat MKBD
sejumlah
broker tergerus. Selain itu, sebagian investor yang bermain saham gocap juga
mungkin akan terganggu. (
Kontan
).
Mining: Revisi Pelonggaran Ekspor Dikebut
Kementerian Energi dan Sumber Daya Mineral (ESDM) terus berusaha
merampungkan penerbitan revisi Peraturan Pemerintah Nomor 77 Tahun 2014. PP
ini terkait kegiatan usaha mineral dan batubara (Minerba) terkait permohonan
izin usaha pertambangan sebelum tanggal 12 Januari 2017 .
Tujuan revisi PP 77/2014 adalah demi kepastian investasi, serta azas keadilan bagi
para perusahaan pertambangan maupun negara. (
Kontan
).
Mining: Overweight
.
Perbankan: GWM averaging diterapkan bertahap
BI berencana menerapkan skema GWM averaging pada 2H17 dimana bank tidak
diberikan batas minimum berapa yang harus dipenuhi setiap harinya, asalkan
memenuhi rasio GWM averaging yang ditetapkan pada akhir periode.
Dalam waktu dekat akan dilakukan banyak sosialisasi terhadap rencana aturan
baru ini. Kebijakan ini akan diterapkan secara bertahap dan akan diterapkan secara
penuh rencananya pada 2H17.
BBTN menilai kebijakan ini akan memberikan fleksibilitas bagi bank dalam hal
likuiditas. Jika perlu likuiditas jangka pendek, dapat diambil dari GWM tanpa perlu
meminjam di pasar.
(Bisnis Indonesia)
Banking: Neutral.
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Ticker Rec. JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons TP SSI Upside
(%) (Rp) (%) (%) (%) (%) (Rp) (Rp) (%) 16E 17E 16E 17E 16E 17E 16E 17E
Banks
BMRI HOLD 4.3 10500 0.0 3.96 (8.7) 13.5 11106 10300 -1.9 14.0 10.9 1.6 1.4 11.3% 13.1% n/a n/a BBCA BUY 6.3 14500 1.9 (0.34) (6.3) 9.0 16381 17100 17.9 18.3 15.4 3.2 2.8 17.6% 17.9% n/a n/a BBRI BUY 4.8 11050 1.4 (2.21) (10.9) (3.3) 13025 13700 24.0 10.5 9.0 1.9 1.6 17.9% 18.1% n/a n/a BBNI BUY 1.7 5275 1.9 5.50 (4.5) 5.7 6376 6300 19.4 9.3 7.6 1.1 1.0 12.2% 13.4% n/a n/a BBTN BUY 0.3 1635 (0.9) (0.91) (13.5) 26.3 2188 2300 40.7 7.4 6.2 0.9 0.8 12.4% 13.1% n/a n/a
Average 11.9 9.8 1.7 1.5 14.3% 15.1% n/a n/a
Consumer (Staples) ICBP BUY 1.8 8625 (0.3) 0.88 (5.7) 28.0 10267 10300 19.4 27.0 24.2 5.7 5.0 21.0% 20.8% 20.2 17.2 INDF BUY 1.2 7700 1.7 3.36 (8.9) 48.8 9936 9900 28.6 17.1 14.5 2.3 2.1 13.2% 14.2% 9.3 8.3 KLBF HOLD 1.3 1590 6.0 10.03 (7.6) 20.5 1736 1700 6.9 33.1 29.4 6.3 5.6 19.1% 19.0% 22.8 19.1 ROTI BUY 0.1 1510 2.7 (1.63) (5.9) 19.4 1754 2000 32.5 28.5 21.3 5.4 4.5 18.9% 21.1% 13.3 11.8 ULTJ BUY 0.2 4600 (1.1) 0.88 (5.2) 16.6 5367 5300 15.2 21.1 17.3 3.9 3.3 18.7% 18.9% 13.3 11.4 UNVR HOLD 5.7 41925 3.5 4.55 (5.6) 13.3 44665 45200 7.8 50.1 44.8 59.6 52.2 118.9% 116.6% 35.0 32.0 SIDO BUY 0.1 550 0.9 0.92 (2.7) 0.0 655 730 32.7 17.1 15.3 3.0 2.9 17.7% 18.9% 7.8 6.2 AISA BUY 0.1 1965 5.1 1.03 (5.1) 62.4 2410 2240 14.0 15.7 12.1 1.7 1.5 10.7% 12.2% 14.1 12.7 Average 27.7 23.8 12.3 10.8 32.5% 32.8% 17.4 15.2 Cigarette HMSP HOLD 8.0 3840 1.1 - (4.0) 2.1 4272 4390 14.3 37.7 33.8 12.5 11.4 33.3% 33.8% 27.0 24.4 GGRM BUY 2.2 65000 0.0 4.00 (4.8) 18.2 76447 77150 18.7 19.1 18.4 2.9 2.6 15.2% 14.1% 12.4 11.4 Average 28.4 26.1 7.7 7.0 24.2% 24.0% 19.7 17.9 Healthcare MIKA HOLD 0.7 2520 0.8 (5.62) (9.4) 5.0 3142 2950 17.1 55.1 48.4 10.2 9.2 18.5% 19.1% 29.6 26.6 SILO BUY 0.2 10750 2.4 6.57 9.0 11.5 11655 12500 16.3 143.4 112.9 5.8 5.3 4.1% 4.7% 18.8 15.3 Average 99.2 80.6 8.0 7.3 11.3% 11.9% 24.2 21.0 Retail MAPI HOLD 0.2 5225 (0.9) 7.73 (6.7) 37.7 5616 5500 5.3 46.2 27.2 2.7 2.5 5.8% 9.0% 8.8 7.0 RALS BUY 0.1 1170 (1.7) (0.85) (11.7) 81.4 1453 1570 34.2 21.3 18.0 2.3 2.2 11.0% 12.1% 17.1 16.0 ACES BUY 0.3 890 2.9 6.59 4.7 7.9 975 960 7.9 24.7 22.8 4.9 4.3 20.0% 18.7% 17.1 15.2 LPPF BUY 0.7 14375 (0.2) (0.17) (11.9) (18.3) 20736 23150 61.0 17.4 15.1 19.2 12.4 110.6% 82.3% 13.0 11.6 Average 27.4 20.8 7.3 5.3 36.8% 30.5% 14.0 12.5 Telco EXCL BUY 0.4 2220 (3.5) 2.78 2.8 (38.3) 3171 4550 105.0 277.5 28.5 1.1 1.1 0.4% 3.7% 5.1 4.4 ISAT HOLD 0.6 6275 (2.0) 2.87 (5.3) 14.1 7673 6600 5.2 38.5 17.1 2.5 2.3 6.5% 13.2% 4.1 3.7 TLKM BUY 6.9 3860 2.1 1.31 (8.1) 24.9 4739 5000 29.5 19.7 16.1 4.4 3.9 22.3% 24.0% 7.6 6.9 Average 111.9 20.5 2.7 2.4 9.8% 13.7% 5.6 5.0 Auto and HE ASII BUY 5.5 7700 2.0 2.33 (7.5) 28.3 8675 9000 16.9 16.9 13.9 2.8 2.4 16.7% 17.2% 14.4 13.8 UNTR BUY 1.5 22250 6.0 3.61 (0.1) 31.3 23939 25050 12.6 19.2 16.1 2.1 1.9 10.7% 11.9% 5.4 4.7 Average 18.0 15.0 2.4 2.2 13.7% 14.6% 9.9 9.3 Aviation GIAA HOLD 0.2 370 (3.1) 10.12 2.2 19.7 398 445 20.3 28.0 14.0 0.6 0.7 2.1% 4.7% 3.6 3.5 Property BSDE HOLD 0.6 1775 4.4 0.85 (15.5) (1.4) 2431 2350 32.4 13.9 11.3 1.5 1.3 11.1% 11.8% 10.3 9.0 PWON HOLD 0.6 665 (2.9) (2.92) (7.6) 34.1 756 710 6.8 23.9 22.1 4.0 3.5 16.8% 15.8% 9.5 8.3 KPIG BUY 0.1 1155 5.0 3.13 (20.3) (18.1) n/a 1810 56.7 26.9 22.6 1.0 0.9 3.5% 4.1% n/a n/a ASRI HOLD 0.1 368 (3.2) (1.08) (13.6) 7.3 473 438 19.0 11.5 10.7 1.0 1.0 9.0% 8.9% 5.8 5.0 SMRA HOLD 0.4 1385 (2.1) 4.92 (5.1) (16.1) 1776 1750 26.4 30.4 28.6 2.6 2.4 8.5% 8.4% 9.4 8.5 Average 19.9 18.2 2.3 2.0 11.4% 11.3% 8.7 7.7 Construction PTPP BUY 0.4 4200 (1.2) 5.26 3.7 8.4 5371 5100 21.4 25.7 22.1 3.6 3.2 13.9% 14.4% 10.8 9.5 ADHI BUY 0.1 1885 (1.3) (3.33) (12.7) (11.9) 2660 2750 45.9 14.2 11.7 1.3 1.1 8.9% 9.5% 5.2 4.6 WSKT BUY 0.6 2530 (0.8) 10.48 (1.9) 51.5 3313 3250 28.5 19.7 16.1 1.8 1.6 9.2% 9.9% 21.9 18.6 WIKA BUY 0.4 2410 (0.8) 2.12 4.9 (1.4) 3165 3000 24.5 20.9 17.8 2.4 2.0 11.2% 11.4% 12.6 10.9 Average 20.1 16.9 2.3 2.0 10.8% 11.3% 12.6 10.9 Cement INTP HOLD 1.0 15600 (2.3) 9.09 (4.6) (30.1) 16487 18000 15.4 13.9 13.6 2.2 2.0 15.6% 14.4% 7.3 6.2 SMGR HOLD 1.0 9250 4.2 14.91 (2.1) (18.9) 10647 10000 8.1 14.0 13.4 1.9 1.7 13.8% 13.0% 5.6 4.6 SMCB SELL 0.1 910 (1.6) 2.82 (3.2) (8.5) 912 920 1.1 29.8 19.3 0.8 0.7 2.6% 3.9% 10.0 8.1 Average 19.2 15.5 1.6 1.5 10.7% 10.4% 7.6 6.3 Precast
WSBP BUY 0.3 570 (0.9) 1.79 n/a n/a 706 690 21.1 28.1 22.4 2.4 2.1 8.4% 9.6% 22.7 17.7 WTON BUY 0.1 840 4.3 3.07 (2.3) 1.8 1129 1150 36.9 26.1 19.8 2.7 2.2 10.2% 10.9% 19.1 14.9
Average 27.1 21.1 2.5 2.2 9.3% 10.2% 20.9 16.3
EV/EBITDA (x)
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Ticker Rec. JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons TP SSI Upside
(%) (Rp) (%) (%) (%) (%) (Rp) (Rp) (%) 16E 17E 16E 17E 16E 17E 16E 17E
Utility
PGAS BUY 1.2 2710 2.3 8.84 10.2 (1.3) 2991 3375 24.5 11.6 9.6 1.4 1.3 12.3% 13.5% 7.5 6.6 JSMR BUY 0.5 4160 0.2 2.20 (9.2) (20.2) 5958 6500 56.3 15.9 15.7 2.4 2.2 15.3% 13.9% 9.9 9.5
Average 13.8 12.7 1.9 1.7 13.8% 13.7% 8.7 8.1
Coal and Metal
ANTM BUY 0.4 955 (1.5) (1.55) 6.1 204.1 816 840 -12.0 477.5 136.4 1.2 1.2 0.3% 0.9% 38.3 30.5 INCO HOLD 0.6 3470 2.7 2.06 30.0 112.2 2564 2800 -19.3 262.9 37.6 1.5 1.4 0.6% 3.7% 17.4 11.3 TINS HOLD 0.2 1305 8.3 8.30 36.6 158.4 848 850 -34.9 130.5 62.1 1.8 1.8 1.4% 2.9% 9.7 8.5 ITMG BUY 0.3 16275 1.7 0.46 6.7 184.3 17562 19000 16.7 15.4 5.6 1.5 1.3 9.9% 22.4% 6.0 6.6 ADRO BUY 0.9 1610 5.2 (2.13) (6.4) 212.6 1818 2100 30.4 14.3 12.0 1.1 1.0 7.6% 8.6% 9.5 8.3 PTBA BUY 0.5 12125 2.8 6.13 (4.3) 168.0 14046 15000 23.7 20.3 12.5 2.9 2.5 14.1% 19.9% 15.3 9.5 Average 153.5 44.4 1.7 1.5 5.6% 9.7% 16.0 12.4 Plantation AALI BUY 0.6 16700 0.9 0.60 13.2 10.6 17544 17000 1.8 19.3 18.3 2.1 2.0 10.7% 10.7% 14.5 13.1 LSIP BUY 0.2 1810 (0.3) 4.32 27.0 37.1 1723 1830 1.1 25.5 16.3 1.6 1.5 6.3% 9.1% 7.5 6.2 SIMP BUY 0.1 505 (1.9) (0.98) 3.1 52.1 558 600 18.8 18.0 11.5 0.6 0.6 3.1% 4.9% 6.0 5.6 Average 20.9 15.4 1.4 1.3 6.7% 8.2% 9.3 8.3 Poultry CPIN BUY 0.9 3120 (1.0) (5.45) (15.2) 20.0 3904 4800 53.8 14.7 13.2 1.9 1.7 13.0% 12.8% 12.2 11.1 JPFA BUY 0.3 1570 (6.0) (6.55) (18.0) 147.2 2309 2240 42.7 9.5 8.6 2.0 1.6 20.7% 18.7% 8.5 11.2 MAIN BUY 0.1 1290 (1.5) (0.39) (19.6) (15.4) 2108 2280 76.7 7.5 7.0 1.2 1.1 16.3% 15.6% 10.5 8.7 Average 10.6 9.6 1.7 1.5 16.7% 15.7% 10.4 10.4 Other Sectors AKRA HOLD 0.5 6425.0 -3.7 -0.4 -5.5 -10.5 7350.0 6900 7.4 23.0 20.5 3.7 3.3 16.2% 16.3% 15.1 12.2 Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, INCO report in USD.
EV/EBITDA (x)
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Regional Indices
1D Change
Points
1D
3D
1W
1M
3M
YTD
1YR
High
Low
World
(3.45)
1,709
(0.20)
(0.40)
(0.71)
2.14
(1.50)
2.76
0.73
1,750
1,460
U.S. (S&P)
(7.73)
2,191
(0.35)
(0.48)
(0.62)
4.44
0.51
7.20
5.37
2,214
1,810
U.S. (DOW)
68.35
19,192
0.36
0.49
0.57
6.86
3.79
10.14
8.25
19,225
15,451
Europe
(20.63)
3,031
(0.68)
0.47
(0.32)
1.70
(1.58)
(7.24)
(12.62)
3,514
2,673
Emerging Market
(4.42)
858
(0.51)
(0.55)
0.75
(3.57)
(4.58)
8.09
4.46
930
687
FTSE 100
(30.86)
6,753
(0.45)
(0.68)
(1.12)
(1.35)
(2.05)
8.18
n/a
7,130
5,500
CAC 40
(17.73)
4,561
(0.39)
1.11
0.40
3.31
0.41
(1.65)
(7.04)
4,976
3,892
Dax
(106.25)
10,534
(1.00)
(0.46)
(1.45)
1.57
(1.40)
(1.95)
(5.86)
11,330
8,699
Indonesia
49.85
5,199
0.97
1.65
1.78
(3.82)
(2.89)
13.19
14.36
5,492
4,331
Japan
(55.22)
18,458
(0.30)
0.82
0.42
7.72
9.05
(3.03)
(7.42)
20,002
14,864
Australia
(16.44)
5,484
(0.30)
0.48
(0.44)
4.87
2.07
3.55
4.29
5,611
4,707
Korea
(9.71)
1,974
(0.49)
(0.22)
(0.02)
(0.25)
(3.15)
0.65
(1.75)
2,074
1,818
Singapore
23.41
2,929
0.81
1.88
2.98
4.33
4.45
1.59
1.56
2,964
2,528
Malaysia
7.32
1,626
0.45
(0.14)
0.14
(2.00)
(2.71)
(3.90)
(3.00)
1,729
1,601
Hong Kong
88.46
22,878
0.39
0.21
1.19
0.30
(1.67)
4.40
1.77
24,364
18,279
China
23.27
3,273
0.72
(0.11)
0.97
5.50
6.71
(7.51)
(7.45)
3,685
2,638
Taiwan
22.82
9,264
0.25
0.45
1.22
1.36
3.07
11.10
9.53
9,400
7,628
Thailand
2.14
1,512
0.14
0.77
1.49
0.92
(0.60)
17.42
12.91
1,558
1,221
Philipines
83.67
6,865
1.23
(0.36)
0.41
(5.34)
(12.07)
(1.25)
(2.59)
8,118
6,084
Monetary Indicators
1D Change
Points
1W
1M
3M
YTD
1YR
High
Low
JIBOR Overnight (%)
0.00
4.20
(0.19)
1.37
(1.82)
(44.68)
(28.30)
8.26
4.20
Foreign Reserve (US$bn)
n/a
115.04
n/a
(0.55)
3.26
8.60
14.22
115.67
102.13
Inflation Rate (%)
n/a
0.47
n/a
235.71
2450.00
(51.04)
123.81
0.96
(0.45)
US Fed Rate (%)
0.00
0.50
0.00
0.00
0.00
0.00
100.00
0.50
0.25
Indo Govt Bond Yld (10yr) - %
(0.01)
8.06
(3.18)
11.34
15.92
(7.84)
(4.76)
9.11
6.77
Exchange Rate (per US$)
1D Change
Currency
Points
1D
3D
1W
1M
3M
YTD
1YR
High
Low
Indonesia
0.00
13553
0.00
(0.13)
0.04
(3.77)
1.73
1.73
1.70
14,095
12,920
Japan
(0.30)
113.80
0.26
(1.25)
(0.51)
(9.23)
5.64
5.64
8.30
123.56
99.02
UK
(0.00)
1.26
(0.09)
0.70
0.83
2.24
(14.63)
(14.63)
(15.86)
1.52
1.18
Euro
0.00
1.07
0.04
0.14
0.72
(3.90)
(1.81)
(1.81)
0.47
1.16
1.05
China
(0.00)
6.89
0.06
0.43
0.53
(1.74)
(5.69)
(5.69)
(7.07)
6.92
6.39
Commodities Indicators
1D Change
Spot
Points
1D
3D
1W
1M
3M
YTD
1YR
High
Low
Oil
0.01
51.07
0.02
12.91
10.88
12.64
14.92
37.88
27.87
51.93
26.05
CPO
7.00
3,065.00
0.23
(0.39)
2.03
12.31
23.24
23.34
28.78
3,098.00
2,172.00
Rubber
7.00
843.00
0.84
0.84
0.18
15.72
29.49
56.26
40.50
843.00
506.50
Coal
(0.60)
82.30
(0.72)
(10.79)
(11.51)
(25.45)
19.88
62.65
54.12
112.25
51.75
Iron Ore
0.12
81.03
0.15
2.90
8.93
30.90
38.99
86.71
83.74
81.03
37.50
Tin
(5.00)
21,315.00
(0.02)
0.28
(1.23)
1.43
11.22
46.08
40.12
21,945.00
13,223.80
Nickel
(40.00)
11,210.00
(0.36)
(3.61)
(3.20)
7.74
13.12
27.10
24.83
12,145.00
7,550.00
Copper
(34.00)
5,791.00
(0.58)
(1.53)
(1.31)
17.70
25.08
23.08
25.02
6,045.50
4,318.00
Gold
7.30
1,175.40
0.62
(1.05)
(0.25)
(10.15)
(11.17)
10.86
11.53
1,377.50
1,045.70
Source: SSI Research, Bloomberg
Last Price
Last Price
Change (%)
1 Year
Change (%)
1 Year
Last Price
Change (%)
1 Year
Change (%)
1 Year
www.samuel.co.id
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Research Team
Andy Ferdinand, CFA
Head Of Equity Research,Strategy,
Banking, Consumer
andy.ferdinand@samuel.co.id
+6221 2854 8148
Rangga Cipta
Economist
rangga.cipta@samuel.co.id
+6221 2854 8396
Muhamad Makky Dandytra, CFTe
Technical Analyst
makky.dandytra@samuel.co.id
+6221 2854 8382
Akhmad Nurcahyadi, CSA
Auto, Aviation, Cigarette, Construction
Healthcare, Heavy Equipment, Property
akhmad.nurcahyadi@samuel.co.id
+6221 2854 8144
Arandi Ariantara
Cement, Telecommunication, Utility
arandi.ariantara@samuel.co.id
+6221 2854 8392
Marlene Tanumihardja
Poultry, Retail, Small Caps
marlene@samuel.co.id
+6221 2854 8387
Sharlita Lutfiah Malik
Mining, Plantation
sharlita.malik@samuel.co.id
+6221 2854 8339
Adde Chandra Kurniawan
Research Associate
adde.kurniawan@samuel.co.id
+6221 2854 8338
Private Wealth Management
Evelyn Satyono
Head of PWM /
Head of Institutional Marketing
evelyn.satyono@samuel.co.id
+6221 2854 8380
Muhamad Alfatih CSA, CTA, CFTe
Senior Technical Portfolio Advisor
m.alfatih@samuel.co.id
+6221 2854 8129
Ronny Ardianto
Institutional Equity Sales
ronny.ardianto@samuel.co.id
+6221 2854 8399
Clarice Wijana
Institutional Equity Sales
clarice.wijana@samuel.co.id
+6221 2854 8395
Wahyudi Budiono
Dealer
wahyudi.budiyono@samuel.co.id
+6221 2854 8152
Equity Sales Team
Kelvin Siwah Long
Head of Equities
kelvin.long@samuel.co.id
+6221 2854 8150
Yulianah
Institutional Equity Sales
yulianah@samuel.co.id
+6221 2854 8146
Indra S. Affandi
Institutional Equity Sales
indra.siswandi@samuel.co.id
+6221 2854 8334
Lucia Irawati
Head of Retail Equity Sales
lucia.irawati@samuel.co.id
+6221 2854 8173
Ferry Khusaeri
Equity Sales
ferry.khusaeri@samuel.co.id
+6221 2854 8304
Iwan Setiadi
Equity Sales
iwan.setiadi@samuel.co.id
+6221 2854 8313
Lia Chaterina
Equity Sales
liachaterina@samuel.co.id
+6221 2854 8315
Amelia Sintama
Equity Sales
amelia@samuel.co.id
+6221 2854 8308
Salt World Widjaja
Equity Sales
salt@samuel.co.id
+6221 2854 8163
Jovita Widjaja
Equity Sales
jovita.widjaja@samuel.co.id
+6221 2854 8314
James Wihardja
Equity Sales
james.wihardja@samuel.co.id
+6221 2854 8397
Joseph Soegandhi
Equity Sales
joseph.soegandhi@samuel.co.id
+6221 2854 8872
Dian Anggraeni
Equity Sales
dian.anggraeni@samuel.co.id
+6221 2854 8301
Sylviawati
Equity Sales
sylviawati@samuel.co.id
+6221 2854 8112
Verawati Gunawan
Equity Sales
verawati.gunawan@samuel.co.id
+6221 2854 8312
Cenni Liawisusi
Equity Sales
cenni.liawisusi@samuel.co.id
+6221 2854 8303
Frans Ferdiansah
Equity Sales
frans.ferdiansah@samuel.co.id
+6221 2854 8337
Muhamad Faisyal
Dealer
m.faisal@samuel.co.id
+6221 2854 8155
Wulan Budi Setyowati
Dealer
wulan.setyowati@samuel.co.id
+6221 2854 8369
Bismar Ferryaman
Dealer
bismar.ferryaman@samuel.co.id
+6221 2854 8368
Online Trading Sales Team
Nugroho Nuswantoro
Head Of Marketing OLT
nugroho@samuel.co.id
+6221 2854 8372
Wahyu Widodo
Marketing
wahyu.widodo@samuel.co.id
+6221 2854 8371
Rina Lestari
Customer Service
rina.lestari@samuel.co.id
+6221 2854 8180
Martha Lamtiurma Tampubolon
Customer Service
martha.lamtiurma@samuel.co.id
+6221 2854 8182
Mohamad Andhika Prasetia
Customer Service
andhika@samuel.co.id
+6221 2854 8183
DISCLAIMERS : Analyst Certification : The views expressed in this research accurately reflect 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 views in this research. The analyst(s) principally responsible for the preparation of this research has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations. This document is for information only and for 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 recommendation contained in this report may not be suitable for all investors. Moreover, although the information contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights reserved by PT Samuel Sekuritas Indonesia.
