RISET SAHAM HARIAN
Samuel Equity Research
Wednesday, 14 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 ndependence 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.
:
5,293.6
:
-14.5
(-0.27%)
:
4,050
Mn shrs
:
5,327
Bn rupiah
Last
Close
+/-
%
BBRI
11,725
250
2.2
INTP
16,800
550
3.4
PGAS
2,920
80
2.8
ICBP
8,950
100
1.1
UNVR
40,725
-725
-1.7
BMRI
10,825
-150
-1.4
LPPF
14,800
-600
-3.9
MAYA
3,150
-350
-10.0
Foreign Net Buy / Sell
Net Buy (Rpbn)
Net Sell (Rpbn)
PGAS
67
ANTM
64
BBRI
56
UNVR
50
JSMR
44
UNTR
27
INDF
29
LPPF
22
ADRO
19
TLKM
19
Money Market
Last
Close
+/-
%
USD/IDR
13,308
-20.0
0.2
JIBOR O/N
4.2
0.0
-Infl (MoM)
0.5
-
-Dual Listing Securities
Last
Close
+/-
%
TLKM
29.7
0.6
1.9
ISAT
42.1
-0.3
-0.6
EIDO
24.7
0.4
1.5
World Indices
Last
Close
+/-
%
DJIA
19,911
115
0.6
S&P 500
2,272
15
0.7
Euro Stoxx
3,237
38
1.2
MSCI World
1,774
14
0.8
Nikkei
19,241
-10
-0.1
Hang Seng
22,447
14
0.1
Commodities
Last
Close
+/-
%
Brent Oil
56
0.0
0.1
CPO Malay
3,071
24.0
0.8
Coal Newc
82
0.1
0.1
Nickel
11,357
88.8
0.8
Tin
21,450
300.0
1.4
Market Value
Changes
Leading Movers
Market Activity
Wednesday, 14 Dec 2016
Market Index
Index Movement
Market Volume
Changes
Changes
Changes
Changes
Lagging Movers
Bursa global menguat, IHSG diprediksi naik
Bursa AS ditutup menguat, didukung oleh data ekonomi yang positif,
termasuk pasar tenaga kerja yang kuat dan kinerja emiten indeks
S&P 500 yang pada kuartal ketiga tercatat meningkat. Investor saat
ini didorong oleh ekspektasi bahwa presiden terpilih, Donald Trump
dan
Kongres
yang
dikendalikan
partai
Republik
akan
memberlakukan kebijakan pro-pertumbuhan. Mayoritas bursa Eropa
juga di tutup menguat didiorong oleh kenaikan saham UniCredit,
(bank terbesar Italia) mendorong penguatan indeks dengan lonjakan
16% setelah menyatakan rencana penambahan modal perusahaan
yang juga mencakup penjualan kredit macet dan pemotongan biaya.
Harga minyak melemah setelah American Petroleum Institute
memperkirakan persediaan minyak mentah AS meningkat.
Dari regional Asia, mayoritas bursa dibuka menguat. IHSG hari ini
kami perkirakan berpeluang menguat, memfaktorkan penguatan di
bursa global. Saat ini fokus investor terletak terhadap kebijakan suku
bunga The Fed dan Bank Indonesia. Rupiah menguat tipis di
perdagangan Selasa walaupun mayoritas kurs di Asia melemah.
Tetapi masih terasa sentimen negatif dari pasar global melihat
pelemahan tajam SUN dan IHSG.
Highlights
WTON
: Akan tambah kontrak baru
JSM R
: Tawarkan saham ke BUMD Jateng
MYRX
: Siapkan tiga anak usaha
Plantation
: Ekspor minyak sawit naik 34% mom
Utilities
: Menhub akan wajibkan transaksi nontunai
Sektor unggas
: Impor dari 7 negara diberhentikan
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WTON: Akan tambah kontrak baru
PT Wijaya Karya Beton (WTON), tengah mengincar penambahan kontrak baru
Rp300miliar hingga Rp400miliar sehingga kontrak baru tahun ini akan mencapai
Rp6tn.
Sebelumnya WTON telah mencatat kontrak baru Rp1,3tn dari proyek Jalan Tol
Samarinda-Balikpapan. Perolehan tersebut telah mendorong total kontrak baru
menjadi Rp5.6tn atau melampaui target awal Rp4.3tn.
Adapun target kontrak baru untuk menambah pencapaian (menjadi Rp6tn)
diharapkan akan diperoleh bulan ini. (
Bisnis Indonesia
).
WTON: Buy; 27.2x P/E17E
dan 3.0x PBV 17E.
JSM R: Tawarkan saham ke BUM D Jateng
PT Jasa Marga Tbk (JSMR) memastikan rencana untuk mengurangi kepemilikan
saham di ruas tol Semarang
– Solo melalui opsi penawaran kembali kepada PT
Sarana Pembangunan Jawa Tengah. JSMR menguasai 60% saham mayoritas dan
berniat menawarkan porsi saham sebesar 5
– 10% kepada BUMD Jateng. Belum
ada kesepakatan harga penawaran dan waktu pengalihan saham.
Selain ruas tol tersebut, JSMR juga berencana melepas porsi saham minoritas di
toll JORR WI Kebon Jeruk (Puri Indah)
– Penjaringan. (
Bisnis Indonesia
)
JSMR:
Buy; 17E’ PE: 16.9x, PBV: 2.4x.
MYRX: Siapkan tiga anak usaha
PT Hanson International (MYRX), akan melepas anak usaha PT Armidian
Karyatama di 1H17. Adapun rencananya secara total terdapat tiga anak usaha yang
akan didivestasikan.
PT Armidian dianggap yang paling siap dengan nilai asset saat ini sekitar
Rp400miliar-Rp500miliar. Selain itu, MYRX juga berencana menerbitkan PUB
Tahap I senilai Rp500miliar (1H17).
Adapun posisi hutang jangka pendek saat ini sebesar Rp535.56miliar dan jangka
panjang Rp27.89miliar, sedangkan kas sebesar Ro492.49miliar per 1H16.
Perusahaan mengalokasikan belanja modal tahun depan Rp500miliar untuk
meningkatkan jumlah cadangan lahan. Saat ini jumlah landbank seluas 3.700ha
(Maja). Sementara di wilayah lain landbak seluas 750ha (Serpong), 400ha (Bekasi)
dan 136ha (Cengkareng). Fokus pengembangan masih akan di wilayah Serpong
dan Maja. (
Bisnis Indonesia
).
MYRX. Non Coverage 137.35x P/E17E dan 2.44x
PBV 17E.
Plantation: Ekspor minyak sawit naik 34% mom
Ekspor minyak sawit mentah (CPO) dan produk turunannya sepanjang Januari -
Oktober 2016 mencapai 20,92 juta ton. Ekspor tertinggi dicapai pada Oktober
sebesar 2,54 juta ton yang naik 34% mom, sedangkan ekspor terendah terjadi pada
Juli yang hanya sekitar 1,74 juta ton. (
Investor Daily
).
Plantation: Overweight.
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Utilities: Menhub akan wajibkan transaksi nontunai
Menteri Perhubungan, Budi Karya Sumadi dalam kunjungan kerjanya ke Ger bang
Tol Karang Tengah, mengatakan transaksi nontunai menjadi solusi dari persoalan
kemacetan menuju gerbang tol dan beliau merencanakan agar pengguna jalan tol
kedepannya diwajibkan untuk menggunakan e-toll.
Untuk itu Menteri akan memanggil industri perbankan sebagai pihak yang
bekerjasama dalam transaksi nontunai. (
Metrotvnews.com
)
Utilities: Neutral.
Sektor unggas: Impor dari 7 negara diberhentikan
Badan Karantina Kementerian Pertanian melarang unggas dan produk unggas
segar yang masuk dari negara yang terjangkit wabah flu burung. Adapun tujuh
negara yang dinyatakan terlarang mengekspor unggas ke Indonesia adalah
Rumania, Jepang, Belanda, Perancis, Finlandia, India, dan Swedia.
Instruksi tersebut dikeluarkan oleh Kepala Badan Karantina Banun Harpini pada
tanggal 30 November 2016 lalu kepada Kepala Unit Pelaksanaan Teknis Karantina
Pertanian (UPTKP). (
Kontan
)
Sektor Unggas: Overweight
.
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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 4.4 10825 (1.4) 1.64 4.8 17.0 11039 10300 -4.8 14.5 11.3 1.6 1.5 11.3% 13.1% n/a n/a BBCA BUY 6.3 14700 0.0 0.34 2.3 10.5 16292 17100 16.3 18.6 15.7 3.3 2.8 17.6% 17.9% n/a n/a BBRI BUY 5.0 11725 2.2 5.39 5.4 2.6 12988 13700 16.8 11.2 9.5 2.0 1.7 17.9% 18.1% n/a n/a BBNI BUY 1.8 5475 0.0 2.82 6.8 9.7 6352 6300 15.1 9.6 7.9 1.2 1.1 12.2% 13.4% n/a n/a BBTN BUY 0.3 1715 (0.9) 3.31 3.3 32.4 2169 2300 34.1 7.8 6.5 1.0 0.9 12.4% 13.1% n/a n/a
Average 12.3 10.2 1.8 1.6 14.3% 15.1% n/a n/a
Consumer (Staples) ICBP BUY 1.8 8950 1.1 0.85 4.7 32.8 10157 10300 15.1 28.1 25.1 5.9 5.2 21.0% 20.8% 21.0 17.9 INDF BUY 1.2 8125 0.9 7.97 6.9 57.0 9921 9900 21.8 18.1 15.3 2.4 2.2 13.2% 14.2% 9.6 8.6 KLBF HOLD 1.3 1545 (1.9) 1.31 3.3 17.0 1736 1700 10.0 32.2 28.6 6.2 5.4 19.1% 19.0% 22.1 18.6 ROTI BUY 0.1 1505 (0.3) (1.63) (1.6) 19.0 1738 2000 32.9 28.4 21.2 5.4 4.5 18.9% 21.1% 13.3 11.8 ULTJ BUY 0.2 4600 0.0 - 0.2 16.6 5367 5300 15.2 21.1 17.3 3.9 3.3 18.7% 18.9% 13.3 11.4 UNVR HOLD 5.4 40725 (1.7) (3.55) (0.7) 10.1 44308 45200 11.0 48.7 43.5 57.8 50.7 118.9% 116.6% 34.0 31.1 SIDO BUY 0.1 550 0.9 (0.90) 6.8 0.0 690 730 32.7 17.1 15.3 3.0 2.9 17.7% 18.9% 7.8 6.2 AISA BUY 0.1 2000 0.0 4.71 6.4 65.3 2427 2240 12.0 16.0 12.3 1.7 1.5 10.7% 12.2% 14.2 12.9 Average 27.7 23.8 12.1 10.6 32.5% 32.8% 17.3 15.1 Cigarette HMSP HOLD 8.1 3980 0.0 0.76 3.4 5.9 4252 4390 10.3 39.1 35.0 13.0 11.8 33.3% 33.8% 28.0 25.3 GGRM BUY 2.2 66850 (0.1) (1.07) 8.5 21.5 77883 77150 15.4 19.7 18.9 3.0 2.7 15.2% 14.1% 12.7 11.7 Average 29.4 27.0 8.0 7.3 24.2% 24.0% 20.4 18.5 Healthcare MIKA HOLD 0.6 2520 (0.8) - (6.0) 5.0 3109 2950 17.1 55.1 48.4 10.2 9.2 18.5% 19.1% 29.6 26.6 SILO BUY 0.2 10250 0.0 (4.65) 5.5 6.3 11154 12500 22.0 136.7 107.7 5.6 5.0 4.1% 4.7% 18.3 14.9 Average 95.9 78.0 7.9 7.1 11.3% 11.9% 23.9 20.8 Retail MAPI HOLD 0.1 5025 (2.4) (1.47) 0.9 32.4 5569 5500 9.5 44.5 26.2 2.6 2.4 5.8% 9.0% 8.6 6.8 RALS BUY 0.1 1155 (3.3) 0.43 (4.5) 79.1 1492 1570 35.9 21.0 17.8 2.3 2.1 11.0% 12.1% 16.8 15.7 ACES BUY 0.2 825 (2.4) (6.78) 2.5 0.0 972 960 16.4 22.9 21.2 4.6 3.9 20.0% 18.7% 15.8 13.9 LPPF BUY 0.8 14800 (3.9) 2.42 (4.5) (15.9) 20568 23150 56.4 17.9 15.5 19.8 12.8 110.6% 82.3% 13.4 12.0 Average 26.6 20.1 7.3 5.3 36.8% 30.5% 13.6 12.1 Telco EXCL BUY 0.4 2380 0.0 4.85 4.4 (33.9) 3200 4550 91.2 297.5 30.5 1.2 1.1 0.4% 3.7% 5.3 4.6 ISAT HOLD 0.6 6275 0.0 (0.40) 2.9 14.1 7624 6600 5.2 38.5 17.1 2.5 2.3 6.5% 13.2% 4.1 3.7 TLKM BUY 7.0 3970 0.3 0.25 4.7 28.4 4681 5000 25.9 20.3 16.5 4.5 4.0 22.3% 24.0% 7.8 7.1 Average 118.8 21.4 2.7 2.5 9.8% 13.7% 5.7 5.1 Auto and HE ASII BUY 5.5 7850 0.3 (0.32) 3.0 30.8 8700 9000 14.6 17.2 14.2 2.9 2.4 16.7% 17.2% 14.6 14.1 UNTR BUY 1.5 22475 (1.4) (4.36) 3.1 32.6 24056 25050 11.5 19.4 16.3 2.1 1.9 10.7% 11.9% 5.4 4.8 Average 18.3 15.2 2.5 2.2 13.7% 14.6% 10.0 9.4 Aviation GIAA HOLD 0.2 374 (0.5) - 12.7 21.0 394 445 19.0 19.7 14.4 0.7 1.0 3.8% 7.1% 1.1 3.4 Property BSDE HOLD 0.6 1780 (1.9) (3.78) 0.0 (1.1) 2357 2350 32.0 13.9 11.3 1.5 1.3 11.1% 11.8% 10.3 9.0 PWON HOLD 0.5 640 (0.8) (3.76) (3.0) 29.0 732 710 10.9 23.0 21.3 3.9 3.4 16.8% 15.8% 9.2 8.0 KPIG BUY 0.2 1375 (8.0) 17.52 1.1 (2.5) n/a 1810 31.6 32.0 27.0 1.1 1.1 3.5% 4.1% n/a n/a ASRI HOLD 0.1 382 (2.1) 1.06 0.5 11.4 450 438 14.7 11.9 11.1 1.1 1.0 9.0% 8.9% 5.9 5.1 SMRA HOLD 0.4 1485 0.3 2.77 14.2 (10.0) 1713 1750 17.8 32.6 30.6 2.8 2.6 8.5% 8.4% 10.0 9.0 Average 20.4 18.6 2.3 2.1 11.4% 11.3% 8.8 7.8 Construction PTPP BUY 0.4 3940 (0.8) 1.03 3.6 7.0 5065 5100 29.4 24.1 20.8 3.4 3.0 13.9% 14.4% 10.1 8.9 ADHI BUY 0.1 2120 (2.8) 11.87 3.9 (0.9) 2556 2750 29.7 15.9 13.1 1.4 1.3 8.9% 9.5% 6.0 5.3 WSKT BUY 0.6 2570 0.0 3.63 12.2 53.9 3314 3250 26.5 20.1 16.3 1.8 1.6 9.2% 9.9% 22.2 18.9 WIKA BUY 0.4 2480 (1.2) 0.81 (2.0) 1.4 3004 3000 21.0 21.6 18.3 2.4 2.1 11.2% 11.4% 13.0 11.2 Average 20.4 17.1 2.3 2.0 10.8% 11.3% 12.8 11.1 Cement INTP HOLD 1.1 16800 3.4 5.33 12.9 (24.7) 16367 18000 7.1 15.0 14.7 2.3 2.1 15.6% 14.4% 7.9 6.7 SMGR HOLD 1.0 9300 0.0 0.81 10.4 (18.4) 10546 10000 7.5 14.0 13.5 1.9 1.8 13.8% 13.0% 5.6 4.6 SMCB SELL 0.1 930 (4.1) 2.76 4.5 (6.5) 912 920 -1.1 30.5 19.7 0.8 0.8 2.6% 3.9% 10.1 8.2 Average 19.8 16.0 1.7 1.5 10.7% 10.4% 7.9 6.5 Precast
WSBP BUY 0.3 575 (2.5) - n/a n/a 693 690 20.0 28.4 22.6 2.4 2.2 8.4% 9.6% 22.8 17.9 WTON BUY 0.1 860 0.0 (0.58) 3.6 4.2 1093 1150 33.7 26.7 20.3 2.7 2.2 10.2% 10.9% 19.4 15.2
Average 27.5 21.5 2.6 2.2 9.3% 10.2% 21.1 16.5
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 2920 2.8 6.18 28.6 6.4 3067 3375 15.6 12.5 10.4 1.5 1.4 12.3% 13.5% 19.2 18.1 JSMR BUY 0.6 4490 3.0 2.98 3.5 (13.9) 5792 6500 44.8 17.1 16.9 2.6 2.4 15.3% 13.9% 10.8 10.4
Average 14.8 13.7 2.1 1.9 13.8% 13.7% 15.0 14.3
Coal and Metal
ANTM BUY 0.4 900 (4.8) (6.74) 1.7 186.6 816 840 -6.7 450.0 128.6 1.2 1.1 0.3% 0.9% 36.6 29.1 INCO HOLD 0.6 3250 (1.8) (5.25) (1.5) 98.8 2679 2800 -13.8 250.0 35.3 1.3 1.3 0.5% 3.7% 214.4 138.4 TINS HOLD 0.2 1240 0.0 (4.62) 7.4 145.5 848 850 -31.5 124.0 59.0 1.7 1.7 1.4% 2.9% 9.2 8.0 ITMG BUY 0.3 17100 3.3 (0.73) (3.8) 198.7 18207 19000 11.1 14.4 7.4 1.6 1.4 11.3% 19.6% 88.4 100.2 ADRO BUY 0.9 1700 1.2 (1.73) 5.9 230.1 1814 2100 23.5 15.2 12.9 1.2 1.1 7.6% 8.5% 88.6 79.0 PTBA BUY 0.5 12625 (0.6) (6.31) (1.6) 179.0 14005 15000 18.8 21.1 13.0 3.0 2.6 14.1% 19.9% 15.9 9.9 Average 145.8 42.7 1.7 1.5 5.9% 9.2% 75.5 60.8 Plantation AALI BUY 0.6 17125 (1.9) (2.70) 8.0 13.4 17584 17000 -0.7 19.8 18.8 2.1 2.0 10.7% 10.7% 14.8 13.4 LSIP BUY 0.2 1720 (1.7) (7.77) 6.2 30.3 1765 1830 6.4 24.2 15.5 1.5 1.4 6.3% 9.1% 7.1 5.8 SIMP BUY 0.1 505 0.0 (0.98) 0.0 52.1 558 600 18.8 18.0 11.5 0.6 0.6 3.1% 4.9% 6.0 5.6 Average 20.7 15.3 1.4 1.3 6.7% 8.2% 9.3 8.3 Poultry CPIN BUY 0.9 3160 0.0 1.28 2.9 21.5 3820 4800 51.9 14.9 13.3 1.9 1.7 13.0% 12.8% 12.3 11.3 JPFA BUY 0.3 1640 (0.6) 4.46 (8.9) 158.3 2335 2240 36.6 9.9 9.0 2.0 1.7 20.7% 18.7% 8.9 11.6 MAIN BUY 0.1 1300 0.4 (0.76) (7.8) (14.8) 2073 2280 75.4 7.6 7.0 1.2 1.1 16.3% 15.6% 10.6 8.7 Average 10.8 9.8 1.7 1.5 16.7% 15.7% 10.6 10.5 Other Sectors AKRA HOLD 0.5 6475.0 1.2 -0.4 -0.8 -9.8 7345.5 6900 6.6 23.2 20.7 3.8 3.4 16.2% 16.3% 15.2 12.2 DOID BUY 0.1 540.0 1.9 -0.9 14.9 900.0 na 850 57.4 9.6 5.1 2.8 1.8 28.7% 35.9% 27.2 26.2 Average 16.4 12.9 3.3 2.6 22.5% 26.1% 21.2 19.2
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 13.76 1,774 0.78 0.79 1.41 4.83 4.81 6.69 8.68 1,776 1,460 U.S. (S&P) 14.76 2,272 0.65 1.14 2.69 4.97 6.87 11.14 12.35 2,278 1,810 U.S. (DOW) 114.78 19,911 0.58 1.51 3.43 5.53 10.40 14.27 14.64 19,954 15,451 Europe 37.60 3,237 1.18 1.60 4.38 6.48 9.17 (0.94) 3.10 3,345 2,673 Emerging Market 4.96 877 0.57 (0.24) 1.82 4.56 (0.90) 10.46 13.74 930 687 FTSE 100 78.15 6,969 1.13 0.53 2.78 3.19 4.42 11.63 n/a 7,130 5,500 CAC 40 43.10 4,804 0.91 1.44 3.71 6.55 9.92 3.60 7.40 4,808 3,892 Dax 94.44 11,285 0.84 0.94 4.73 5.53 8.73 5.04 11.30 11,300 8,699 Indonesia (14.51) 5,294 (0.27) 0.54 0.48 3.48 2.87 15.25 21.02 5,492 4,331 Japan (29.43) 19,221 (0.15) 1.18 3.92 8.76 15.69 0.98 1.79 19,869 14,864 Australia 39.75 5,585 0.72 0.43 1.95 4.47 6.83 5.46 13.31 5,611 4,707 Korea 6.53 2,043 0.32 0.88 2.54 3.45 2.16 4.14 5.95 2,074 1,818 Singapore 3.04 2,955 0.10 (0.12) 0.21 6.03 5.19 2.51 4.98 2,981 2,528 Malaysia 3.86 1,645 0.24 0.78 1.25 1.77 (0.97) (2.79) 0.94 1,729 1,601 Hong Kong 13.68 22,447 0.06 (1.82) (1.01) 1.01 (3.21) 2.43 5.33 24,364 18,279 China 2.07 3,155 0.07 (1.88) (1.39) (1.72) 5.07 (10.85) (10.39) 3,685 2,638 Taiwan 32.20 9,382 0.34 0.07 1.42 4.94 5.39 12.52 16.69 9,430 7,628 Thailand 3.89 1,530 0.25 0.64 1.90 4.15 4.94 18.80 20.72 1,558 1,221 Philipines 12.02 6,881 0.17 (2.01) 1.10 0.14 (8.81) (1.02) 2.00 8,118 6,084
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) 0.00 4.20 (0.03) 7.76 (1.50) (44.68) (27.96) 8.26 4.20
Foreign Reserve (US$bn) n/a 111.47 n/a (3.10) (1.83) 5.23 11.20 115.67 102.13
Inflation Rate (%) n/a 0.47 n/a 235.71 2450.00 (51.04) 123.81 0.96 (0.45)
US Fed Rate (%) 0.00 0.50 0.00 0.00 0.00 0.00 100.00 0.50 0.25
Indo Govt Bond Yld (10yr) - % (0.00) 7.74 0.40 (2.34) 9.06 (11.53) (14.67) 9.11 6.77
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia (20.00) 13308 0.15 (0.16) 0.56 0.43 3.61 3.61 5.80 14,075 12,920
Japan (0.12) 115.07 0.10 0.22 (1.13) (5.78) 4.48 4.48 5.18 123.56 99.02
UK (0.00) 1.27 (0.01) 0.68 0.25 1.34 (14.11) (14.11) (16.41) 1.51 1.18
Euro 0.00 1.06 0.08 0.70 (1.10) (0.95) (2.09) (2.09) (3.25) 1.16 1.05
China (0.00) 6.90 0.06 (0.17) (0.30) (0.62) (5.93) (5.93) (6.43) 6.92 6.45
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (0.67) 52.31 (1.26) 1.57 5.10 20.75 20.03 41.23 44.06 54.51 26.05 CPO 24.00 3,071.00 0.79 (1.41) (1.16) 3.71 20.43 23.58 22.84 3,157.00 2,172.00 Rubber 2.50 876.00 0.29 2.64 3.91 15.80 32.13 62.37 46.61 876.00 506.50 Coal 0.05 81.55 0.06 2.71 3.23 (19.46) 15.84 61.17 56.53 112.25 51.75 Iron Ore (0.64) 80.49 (0.79) 0.29 1.19 14.72 43.73 85.46 106.38 81.53 37.50 Tin 300.00 21,450.00 1.42 1.91 0.68 (0.20) 12.40 47.01 47.12 21,945.00 13,223.80 Nickel 90.00 11,390.00 0.80 2.57 (1.89) 1.61 15.52 29.14 30.99 12,145.00 7,550.00 Copper (78.00) 5,690.00 (1.35) (1.59) (3.30) 2.54 22.37 20.94 20.99 6,045.50 4,318.00 Gold 2.70 1,160.50 0.23 (0.01) (1.33) (5.01) (12.22) 9.45 9.10 1,377.50 1,046.70
Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price Change (%) 1 Year
Change (%) 1 Year
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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
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Clarice Wijana
Institutional Equity Sales
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Wahyudi Budiono
Dealer
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Equity Sales Team
Kelvin Siwah Long
Head of Equities
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+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
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+6221 2854 8173
Ferry Khusaeri
Equity Sales
ferry.khusaeri@samuel.co.id
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Iwan Setiadi
Equity Sales
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Lia Chaterina
Equity Sales
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Amelia Sintama
Equity Sales
amelia@samuel.co.id
+6221 2854 8308
Salt World Widjaja
Equity Sales
salt@samuel.co.id
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Jovita Widjaja
Equity Sales
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James Wihardja
Equity Sales
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Joseph Soegandhi
Equity Sales
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Dian Anggraeni
Equity Sales
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Sylviawati
Equity Sales
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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
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+6221 2854 8369
Bismar Ferryaman
Dealer
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Online Trading Sales Team
Nugroho Nuswantoro
Head Of Marketing OLT
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Wahyu Widodo
Marketing
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+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.
