: 6,012.5 : +74.2 1.25% : 22,845 Mn shrs : 16,355 Bn rupiah Last Close +/- % BBCA 34,100 425 1.3 HMSP 1,625 70 4.5 EMTK 12,525 1025 8.9 CPIN 6,600 325 5.2 TPIA 9,750 -225 -2.3 POLL 5,350 -400 -7.0 BMRI 6,725 -50 -0.7 TCPI 7,050 -350 -4.7
Foreign Net Buy / Sell (Regular Market)
Net Buy (IDR bn) Net Sell (IDR bn)
BBCA 644 TLKM 209 ACES 32 BBNI 123 ANTM 29 BMRI 80 MDKA 27 HMSP 49 INCO 20 INDF 45 Money Market Last Close +/- % USD/IDR 14,095 15.0 -0.1 JIBOR O/N 5.9 0.0
Dual Listing Securities
Last Close +/- % TLKM 23.1 0.1 0.4 EIDO 23.1 0.0 -0.2 Global Indices Last Close +/- % DJIA 29,862 -185 -0.6 S&P 500 3,647 -16 -0.4 Euro Stoxx 3,504 18 0.5 MSCI World 2,619 -2 -0.1 STI 2,858 36 1.3 Nikkei 26,712 -20 -0.1 Hang Seng 26,390 -116 -0.4 Commodities Last Close +/- % Brent Oil 50 0.3 0.6 Coal (ICE) 84 1.4 1.6 CPO Malay 3,360 56.0 1.7 Nickel 17,557 304.5 1.8 Tin 19,780 330.0 1.7 Market Value Market Activity Monday, 14 Dec 2020 Market Index Index Movement Market Volume Changes Changes Leading Movers Lagging Movers Changes Changes Changes
DAILY RESEARCH
Summary
Menanti Rilis Data Neraca Perdagangan November
Semalam bursa AS ditutup variatif: Dow Jones -0.62%, S&P 500 -0.44%
dan Nasdaq +0.50%. Walikota New York mengatakan kemungkinan “full
shutdown” guna meredam penyebaran Covid-19. Jerman akan menerapkan
partial lockdown mulai Rabu 16 Desember 2020 mendatang
Dari Asia, perdagangan kemarin beberapa bursa utama Asia ditutup
bervariasi: Nikkei +0.3%, Hang Seng -0.3%, Kospi -0.3% dan Shanghai +0.7%.
IHSG ditutup naik +1.25% ke level 6,012.5 ditengah net sell asing sebesar IDR
51.8 miliar di pasar reguler. EIDO ditutup naik +0.57%.
Berita dan sentimen yang dapat dicermati diantaranya: Dari dalam
negeri akan rilis data ekspor, impor dan neraca perdagangan bulan November
2020. Proyeksi konsensus Trading Economics: ekpor +2.66% yoy (prev: -3.29%
yoy), dan impor -24.5% yoy (prev: -26.9% yoy), sementara neraca
perdangangan diproyeksi kembali surplus USD 2.67 miliar (prev: surplus USD
3.6 miliar). Ekonom SSI memproyeksi neraca dagang akan surplus USD 3 miliar.
Kasus baru Covid-19 dalam negeri Senin diumukan sebanyak 5,489 kasus
(Minggu: 6,189 kasus) dengan kesembuhan 5,121 kasus sehingga kasus ditutup
mencapai 84.9%. Hingga kini Indonesia telah mencatat total kasus Covid-19
mencapai 623.3 ribu. Menko Maritim Luhut Binsar Pandjaitan meminta
Gubenur DKI kembali memperketat PSBB di DKI Jakarta dengan WFH hingga
75% dan penerapan jam operasional tempat makan, mall hingga pukul 19.00.
Selain itu Gubenur DKI juga menegaskan pelarangan peryaraan kegiatan tahun
baru yang mengumpulkan banyak orang.
Pagi ini Indeks Nikkei dibuka dan diperdagangkan di zona negatif
-0.3%, demikian juga Indeks Kospi -0.74%. IHSG diperkirakan akan terkoreksi
menanggapi kemungkinan kembalinya PSBB ketat.
BRIS
:
Akan Rights Issue agar menjadi bank BUKU IV
Nickel Sector
:
Produksi RI Diprediksi Tembus 800 Ribu Ton
LPKR
:
Bidik Marketing Sales IDR 3.5 triliun
15 December 2020
Highlights
Equity Research│15 December 2020
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
%
12/14/2020 623,309 0.89 5,489 (11.31) 510,957 5,121 18,956 137 93,396
85.02
12/13/2020 617,820 1.01 6,189 (3.12) 505,836 4,460 18,819 166 93,165
84.92
12/12/2020 611,631 1.06 6,388 1.24 501,376 4,490 18,653 142 91,602
85.02
12/11/2020 605,243 1.05 6,310 4.59 496,886 4,911 18,511 175 89,846
85.16
12/10/2020 598,933 1.02 6,033 (0.41) 491,975 4,530 18,336 165 88,622
85.20
12/9/2020 592,900 1.03 6,058 14.47 487,445 3,948 18,171 171 87,284
85.28
12/8/2020 586,842 0.91 5,292 (8.03) 483,497 4,295 18,000 133 85,345
85.46
Average
5,966
4,536
156
85.15
Source: SSI Research, Bloomberg
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)
16 -D ec -1 9 16 -J an -2 0 16 -F eb -2 0 16 -M ar -2 0 16 -A pr -2 0 16 -M ay -2 0 16 -J un -2 0 16 -J ul -2 0 16 -A ug -2 0 16 -S ep -2 0 16 -O ct-20 16 -N ov -2 0 0 10 20 30 40 50 60 70 80 16 -D ec -1 9 16 -J an -2 0 16 -F eb -2 0 16 -M ar -2 0 16 -A pr -2 0 16 -M ay -2 0 16 -J un -2 0 16 -J ul -2 0 16 -A ug -2 0 16 -S ep -2 0 16 -O ct-20 16 -N ov -2 0 40 45 50 55 60 65 70 75 80 85 90 16 -D ec -1 9 16 -J an -2 0 16 -F eb -2 0 16 -M ar -2 0 16 -Ap r-20 16 -M ay -2 0 16 -J un -2 0 16 -J ul -2 0 16 -A ug -2 0 16 -S ep -2 0 16 -O ct-20 16 -N ov -2 0 1,500 2,000 2,500 3,000 3,500 4,000 16 -D ec -1 9 16 -J an -2 0 16 -F eb -2 0 16 -M ar -2 0 16 -A pr -2 0 16 -M ay -2 0 16 -J un -2 0 16 -J ul -2 0 16 -A ug -2 0 16 -S ep -2 0 16 -O ct-20 16 -N ov -2 0 4,000 4,200 4,400 4,600 4,800 5,000 5,200 16 -D ec -1 9 20 -D ec -1 9 24 -D ec -1 9 28 -D ec -1 9 1-Ja n -2 0 5-Ja n -2 0 9-Ja n -2 0 13 -J an -2 0 17 -J an -2 0 21 -J an -2 0 25 -J an -2 0 29 -J an -2 0 2-Fe b -2 0 6-Fe b -2 0 10 -F eb -2 0 14 -F eb -2 0 18 -F eb -2 0 22 -F eb -2 0 26 -F eb -2 0 1-M ar -2 0 5-M ar -2 0 9-M ar -2 0 13 -M ar -2 0 17 -M ar -2 0 21 -M ar -2 0 25 -M ar -2 0 29 -M ar -2 0 2-A pr -2 0 6-Ap r-20 10 -A pr -2 0 14 -A pr -2 0 18 -A pr -2 0 22 -A pr -2 0 26 -A pr -2 0 30 -A pr -2 0 4-M ay -2 0 8-M ay -2 0 12 -M ay -2 0 16 -M ay -2 0 20 -M ay -2 0 24 -M ay -2 0 28 -M ay -2 0 1-Ju n-20 5-Ju n-20 9-Ju n-20 13 -J un -2 0 17 -J un -2 0 21 -J un -2 0 25 -J un -2 0 29 -J un -2 0 3-Ju l-2 0 7-Ju l-2 0 11 -J ul -2 0 15 -J ul -2 0 19 -J ul -2 0 23 -J ul -2 0 27 -J ul -2 0 31 -J ul -2 0 4-Au g-20 8-A ug -2 0 12 -A ug -2 0 16 -Au g-20 20 -A ug -2 0 24 -A ug -2 0 28 -Au g-20 1-Se p -2 0 5-Se p -2 0 9-Se p -2 0 13 -S ep -2 0 17 -S ep -2 0 21 -S ep -2 0 25 -S ep -2 0 29 -S ep -2 0 3-O ct-2 0 7-O ct-2 0 11 -O ct-20 15 -O ct-20 19 -O ct-20 23 -O ct-20 27 -O ct-20 31 -O ct-20 4-N ov -2 0 8-N ov -2 0 12 -N ov -2 0 16 -N ov -2 0 20 -N ov -2 0 24 -N ov -2 0 28 -N ov -2 0 2-D ec -2 0 6-D ec -2 0 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 16 -D ec -1 9 16 -J an -2 0 16 -F eb -2 0 16 -M ar -2 0 16 -Ap r-20 16 -M ay -2 0 16 -J un -2 0 16 -J ul -2 0 16 -A ug -2 0 16 -S ep -2 0 16 -O ct-20 16 -N ov -2 0 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200
Equity Research│15 December 2020
BRIS: Akan Rights Issue agar menjadi bank BUKU IV
BRIS akan melakukan rights issue setelah menuntaskan legal merger guna menambah permodalan.
Diharapkan, melalui aksi korporasi tersebut BRIS akan masuk ke kelompok bank BUKU IV pada awal 2022.
(Investor Daily)
Comment:
Untuk naik kelas, pemerintah juga akan membantu mencarikan partner strategis dari global yang bisa
membantu pengembangan bisnis BRIS. . Selain melakukan rights issue, BRIS juga berencana akan
melakukan pembelian aset Unit Usaha Syariah (UUS) BBTN yang memiliki aset sekitar IDR 30 triliun.
BRIS :Non-coverage
Nickel Sector: Produksi RI Diprediksi Tembus 800 Ribu Ton
Produksi nikel Indonesia diprediksi mencapai 800 ribu ton tahun depan atau setara 33% dari total produksi
dunia sebanyak 2,5 juta ton. Itu artinya, Indonesia masih menjadi produsen nikel terbesar dunia. (Investor
Daily)
Comment:
Nickel Indonesia sepanjang 2019 memproduksi sekitar 800 ribu ton Ni atau berkontribusi sekitar 30%
terhadap produksi dunia sebesar 2.67 juta ton Ni. Permintaan industri EV terhadap nickel diperkirakan
akan semakin mendorong peningkatan produksi nickel domestik. SSI memperkirakan nickel price akhir
tahun pada level USD 15,200/t dari average 2H20 USD 14,600/t dan berlanjut menguat hingga USD
16,100/ton pada 2021. Nickel Sector: Overweight
LPKR: Bidik Marketing Sales IDR 3.5 triliun
PT Lippo Karawaci (LPKR) membidik target marketing sales pada 2021 sebesar IDR 3.5 triliun, naik 40% dari
target 2020 sebesar IDR 2.5 triliun. Selain ekspansi di dalam negeri, perseroan siap memaksimalkan
pengelolaan Dana Investasi Real Estate (DIRE) melalui Lippo Malls Indonesia Retail Trust (LMIRT). (Investor
Daily)
Comment:
Marketing sales LPKR hinga 9M20 mencapai IDR 2.3 triliun, atau meningkat 100% YoY. Hal ini dicapai
utama oleh peluncuran enam klaster rumah tapak dengan harga terjangkau di Lippo Village dengan
rentang harga IDR 700 juta – IDR 1.5 miliar. Saat ini, kami melihat LPKR mengandalkan penjualan
rumah tapak disebabkan oleh serapan konsumen yang lebih baik dan penggunaan belanja modal dan
arus kas yang lebih efisien. LPKR: Underreview
Equity Research│15 December 2020
JCI Wgt Last price YTD Chg TP SSI TP Cons SSI Upside PE PE PBV PBV ROE ROE (%) (Rp) (%) (Rp) (Rp) (%) 20E 21E 20E 21E 20E 21E Banks BMRI BUY 4.6 6,725 (12.4) 7,700 7,460 14.5 17.6 12.5 1.7 1.6 9.7% 12.6% BBCA HOLD 12.4 34,100 2.0 35,300 35,640 3.5 30.4 26.4 4.7 4.2 15.4% 16.1% BBRI BUY 7.8 4,280 (2.7) 4,800 4,650 12.1 27.3 16.1 2.8 2.5 10.3% 15.8% BBNI BUY 1.8 6,575 (16.2) 8,000 6,400 21.7 8.0 16.8 1.0 0.9 12.2% 5.3% BBTN HOLD 0.3 1,840 (13.2) 1,800 1,901 -2.2 14.0 7.6 1.1 1.0 7.9% 12.9%
BNLI SELL #N/A N/A 2,650 109.5 1,376 1,113 -48.1 49.1 45.7 3.0 2.8 6.1% 6.1%
Average 24.4 20.8 2.4 2.2 10.3% 11.5% Consumer (Staples) ICBP BUY 1.7 9,825 (11.9) 12,000 12,107 22.1 20.0 17.8 3.9 3.4 19.6% 19.1% INDF BUY 0.9 7,025 (11.4) 9,500 8,755 35.2 12.5 11.4 1.6 1.5 12.9% 13.2% KLBF BUY 1.0 1,485 (8.3) 1,750 1,783 17.8 23.6 22.5 3.9 3.6 16.8% 16.1% UNVR BUY 4.3 7,500 (10.7) 9,800 8,752 30.7 35.7 35.4 44.2 43.7 123.7% 123.4% Average 22.9 21.8 13.4 13.0 43.3% 42.9% Cigarette HMSP HOLD 2.8 1,625 (22.6) 1,520 1,498 -6.5 18.9 18.7 58.0 5.8 307.1% 30.9% GGRM BUY 1.2 42,950 (19.0) 55,150 45,749 28.4 13.8 8.6 1.6 1.4 11.2% 16.9% Average 16.4 13.6 29.8 3.6 159.2% 23.9% Healthcare MIKA HOLD 0.6 2,770 3.7 3,000 2,832 8.3 51.3 48.6 8.3 7.5 16.2% 15.5% SILO HOLD 0.1 5,775 (16.9) 5,800 5,979 0.4 412.5 175.0 1.6 1.6 0.4% 0.9% HEAL BUY 0.2 3,750 4.7 5,000 4,365 33.3 34.4 29.8 4.6 4.0 13.3% 13.5% Average 166.1 84.5 4.8 4.4 9.9% 10.0% Poultry CPIN SELL 1.6 6,600 1.5 5,800 6,320 -12.1 27.2 23.8 4.5 4.0 16.5% 16.7% JPFA BUY 0.3 1,545 0.7 1,800 1,473 16.5 24.5 11.0 1.5 1.3 6.0% 12.2% MAIN SELL 0.0 785 (21.9) 700 736 -10.8 392.5 10.8 0.8 0.8 0.2% 7.2% Average 148.1 15.2 2.3 2.0 7.6% 12.0% Retail MAPI BUY 0.2 895 (15.2) 1,350 937 50.8 12.6 11.2 1.9 1.7 15.4% 14.8% RALS BUY 0.1 775 (27.2) 1,400 681 80.6 6.7 6.2 1.2 1.1 17.3% 17.3% ACES HOLD 0.5 1,810 21.1 1,900 1,798 5.0 26.6 23.8 5.6 4.9 21.2% 20.7% Average 15.3 13.7 2.9 2.5 18.0% 17.6%
Pulp and Paper
INKP SELL 0.9 10,775 39.9 6,900 9,000 -36.0 12.4 14.9 0.9 0.9 7.6% 6.0% Average 12.4 14.9 0.9 0.9 7.6% Media MNCN BUY 0.2 1,060 (35.0) 1,390 1,401 31.1 5.7 5.1 1.0 0.9 17.5% 17.3% SCMA SELL 0.4 1,875 33.0 1,550 1,836 -17.3 16.2 16.2 4.3 3.9 26.4% 23.8% Average 10.9 10.6 2.6 2.4 22.0% 20.5% Telco EXCL BUY 0.4 2,620 (16.8) 3,300 3,398 26.0 12.0 26.5 1.3 1.3 11.0% 4.8%
ISAT HOLD 0.3 3,330 14.4 3,100 3,069 -6.9 n/a 87.6 1.5 1.4 -3.2% 1.6%
TLKM BUY 4.9 3,320 (15.2) 4,300 3,916 29.5 14.9 14.2 2.7 2.5 17.8% 17.8% Average 13.4 42.8 1.8 1.8 8.5% 8.1% Telco Retail ERAA SELL 0.1 1,940 8.1 1,625 2,133 -16.2 10.4 8.4 1.1 1.0 11.0% 11.9% Telco Infra TBIG HOLD 0.5 1,510 22.8 1,550 1,570 2.6 31.5 29.6 5.2 4.6 16.5% 15.6% TOWR BUY 0.8 995 23.6 1,300 1,251 30.7 16.9 15.5 4.7 3.9 27.7% 25.2% Average 24.2 22.6 4.9 4.3 22.1% 20.4% Stock Rec.
Equity Research│15 December 2020
JCI Wgt Last price YTD Chg TP SSI TP Cons SSI Upside PE PE PBV PBV ROE ROE (%) (Rp) (%) (Rp) (Rp) (%) 20E 21E 20E 21E 20E 21E Auto ASII BUY 3.4 5,675 (18.1) 7,500 6,317 32.2 10.5 9.7 1.1 1.1 10.8% 10.9% Average 10.5 9.7 1.1 1.1 10.8% Mining Contracting UNTR SELL 1.5 27,400 27.3 22,300 27,755 -18.6 8.5 6.4 1.9 1.3 22.1% 19.7% Average 8.5 6.4 1.9 1.3 22.1% Aviation GIAA BUY 0.2 446 (10.4) 650 273 45.7 4.6 3.9 0.8 0.7 17.5% 16.9% Average 4.6 3.9 0.8 0.7 17.5% Property BSDE SELL 0.3 1,085 (13.5) 950 1,205 -12.4 25.2 20.5 0.6 0.6 2.3% 3.1% PWON SELL 0.4 535 (6.1) 460 584 -14.0 16.2 12.4 1.4 1.3 8.9% 10.0% ASRI SELL 0.1 252 5.9 130 213 -48.4 19.4 9.0 0.4 0.4 2.3% 4.7% LPKR SELL 0.2 230 (5.0) 140 195 -39.1 n/a n/a 0.5 0.5 -0.5% -0.2%
SMRA HOLD 0.2 795 (20.9) 800 942 0.6 53.0 31.8 1.5 1.3 2.7% 4.2% CTRA HOLD 0.3 915 (12.0) 950 1,033 3.8 24.1 17.6 1.1 1.0 4.4% 5.7% Average 27.6 18.3 0.9 0.9 3.4% 4.6% Industrial Estate SSIA HOLD 0.0 545 (16.8) 550 570 0.9 60.6 30.3 0.6 0.6 1.0% 2.0% DMAS HOLD 0.2 254 (14.2) 250 249 -1.6 16.9 14.9 1.6 1.9 9.6% 12.7% KIJA SELL 0.1 216 (26.0) 150 170 -30.6 19.6 16.6 0.8 0.6 4.0% 3.4% Average 32.4 20.6 1.0 1.0 4.9% 5.0% Construction PTPP SELL 0.1 1,610 1.6 1,200 1,466 -25.5 41.3 12.8 0.7 0.6 1.6% 5.0% ADHI SELL 0.1 1,295 10.2 700 1,042 -45.9 6.2 5.7 0.6 0.6 10.0% 10.0% WSKT SELL 0.2 1,200 (19.2) 600 1,110 -50.0 n/a 66.7 0.7 0.7 -7.3% 1.1% WIKA SELL 0.2 1,820 (8.5) 1,600 1,663 -12.1 19.0 12.4 0.9 0.9 5.0% 7.1% Average 22.2 24.4 0.7 0.7 2.3% 5.8% Cement INTP BUY 0.8 14,525 (23.7) 16,250 16,125 11.9 40.3 33.5 2.4 2.3 5.8% 6.9% SMGR HOLD 1.1 12,000 - 10,800 12,848 -10.0 53.6 31.7 2.0 1.9 3.8% 6.1% Average 47.0 32.6 2.2 2.1 4.8% 6.5% Precast WSBP SELL 0.1 238 (21.7) 170 241 -28.6 5.4 4.7 0.7 0.6 12.1% 12.7% WTON SELL 0.1 388 (13.8) 340 420 -12.4 5.5 4.7 0.9 0.7 15.6% 16.0% Average 5.4 4.7 0.8 0.7 13.8% 14.3%
Oil and Gas
PGAS SELL 0.6 1,715 (21.0) 700 1,562 -59.2 29.1 21.7 1.0 1.0 3.6% 4.6% AKRA BUY 0.2 3,290 (16.7) 3,800 3,574 15.5 15.2 14.1 1.5 1.5 10.1% 10.4% MEDC BUY 0.2 635 (13.3) 950 533 49.6 11.1 5.0 0.7 0.6 5.9% 12.1% Average 18.5 13.6 1.1 1.0 6.5% 9.0% Chemical TPIA SELL 2.6 9,750 (6.0) 7,575 7,830 -22.3 79.9 79.9 6.9 6.9 8.6% 8.6% BRPT SELL 1.7 1,245 (17.5) 1,075 1,063 -13.7 9.3 9.3 0.6 0.6 6.2% 6.2% ESSA BUY 0.1 224 (16.4) 280 400 25.0 6.6 6.6 0.6 0.6 9.6% 9.6% Average 31.9 31.9 2.7 2.7 8.2% 8.1% Utilities JSMR HOLD 0.5 4,560 (11.9) 4,700 5,429 3.1 57.0 18.2 1.4 1.2 2.4% 6.9% Metal ANTM SELL 0.5 1,525 81.5 960 1,318 -37.0 217.9 138.6 2.0 2.1 0.9% 1.5% MDKA SELL 0.6 1,945 81.8 1,600 2,078 -17.7 24.9 15.4 6.3 4.9 25.2% 31.9% INCO SELL 0.8 5,275 44.9 4,000 4,967 -24.2 33.6 29.0 1.8 1.7 5.2% 6.0%
TINS BUY 0.1 1,315 59.4 1,775 1,120 35.0 n/a 1494.3 1.9 2.2 -4.2% 0.1%
Average 92.1 419.3 3.0 2.7 6.8% 9.9%
Equity Research│15 December 2020
JCI Wgt Last price YTD Chg TP SSI TP Cons SSI Upside PE PE PBV PBV ROE ROE (%) (Rp) (%) (Rp) (Rp) (%) 20E 21E 20E 21E 20E 21E Coal ITMG SELL 0.3 15,400 34.2 8,080 12,421 -47.5 5.8 7.1 2.2 4.1 37.8% 57.3% ADRO HOLD 0.7 1,570 1.0 1,600 1,602 1.9 8.2 8.3 0.8 0.8 9.9% 9.3% PTBA SELL 0.5 3,050 14.7 1,870 2,664 -38.7 12.7 19.1 2.0 2.0 15.7% 10.6% Average 8.9 11.5 1.7 2.3 21.1% 25.7% Plantation AALI HOLD 0.3 11,825 (18.9) 11,100 12,768 -6.1 35.4 20.9 1.2 1.1 3.4% 5.5% LSIP HOLD 0.1 1,245 (16.2) 1,145 1,361 -8.0 23.9 21.5 1.0 0.9 4.1% 4.4% TBLA BUY 0.1 810 (18.6) 980 1,077 21.0 5.0 4.7 0.7 0.7 14.3% 14.3% SIMP HOLD 0.1 396 (8.3) 388 470 -2.0 36.0 23.3 0.4 0.4 1.2% 1.8% SSMS BUY 0.1 870 3.0 1,050 1,100 20.7 16.7 11.9 1.8 1.6 11.0% 13.8% Average 23.4 16.4 1.0 1.0 6.8% 8.0%
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Equity Research│15 December 2020
Chg (Pts)
1D
1D
1W
1M
3M
YTD
1YR
High
Low
World
2,619
(2.46)
(0.09)
(0.86)
3.56
9.31
11.06
12.92
2,652
1,579
U.S. (S&P)
3,647
(15.97)
(0.44)
(1.20)
1.74
7.24
12.90
15.11
3,712
2,192
U.S. (DOW)
29,862
(184.82)
(0.62)
(0.69)
1.29
6.67
4.64
6.14
30,326
18,214
Europe
3,504
18.12
0.52
(0.74)
2.09
5.15
(6.44)
(6.09)
3,867
2,303
Emerging Market
1,250
(7.22)
(0.57)
(0.30)
5.23
13.24
12.18
15.05
1,262
752
FTSE 100
6,532
(14.92)
(0.23)
(0.36)
3.41
6.98
(13.40)
(11.17)
7,690
4,899
CAC 40
5,528
20.29
0.37
(0.82)
2.74
9.07
(7.53)
(6.61)
6,111
3,632
Dax
13,223
108.86
0.83
(0.36)
1.12
0.04
(0.20)
(0.45)
13,795
8,256
Indonesia
6,013
74.19
1.25
3.48
10.10
17.87
(4.56)
(2.98)
6,349
3,912
Japan
26,719
(13.46)
(0.05)
0.95
5.25
13.92
12.95
11.22
26,894
16,358
Australia
6,631
(29.75)
(0.45)
(0.86)
3.52
12.48
(0.80)
(1.62)
7,197
4,403
Korea
2,744
(18.18)
(0.66)
1.60
10.03
12.30
24.86
26.44
2,783
1,439
Singapore
2,858
36.44
1.29
1.15
5.41
14.98
(11.32)
(11.07)
3,284
2,208
Malaysia
1,663
(21.84)
(1.30)
2.46
4.60
8.58
4.66
5.83
1,696
1,208
Hong Kong
26,390
(116.35)
(0.44)
(0.44)
0.89
6.70
(6.39)
(4.69)
29,175
21,139
China
3,369
21.93
0.66
(1.39)
1.78
2.23
10.46
13.53
3,466
2,647
Taiwan
14,211
(50.64)
(0.36)
(0.32)
7.06
10.63
18.45
19.14
14,427
8,524
Thailand
1,476
(6.54)
(0.44)
4.10
9.63
14.77
(6.56)
(6.21)
1,604
969
Philipines
7,281
35.19
0.49
2.06
4.47
20.99
(6.83)
(7.57)
7,892
4,039
1D
1D
1W
1M
3M
YTD
1YR
High
Low
Foreign Reserves (US$Bn)
133.60
(0.05)
(2.51)
3.42
5.50
137.04
120.97
Inflation Rate (yoy, %)
1.59
2.98
1.32
Gov Bond Yld (10yr, %)
6.13
(15.24)
8.38
6.13
US Fed Rate (%)
0.25
1.75
0.25
Chg (Pts)
1D
1D
1W
1M
3M
YTD
1YR
High
Low
Indonesia
14,095
15.00
(0.11)
0.07
0.11
5.57
(1.62)
(0.60)
16,625
13,577
Japan
104.03
(0.02)
0.02
0.13
0.53
1.36
4.40
5.31
112.23
101.19
UK
1.33
0.00
0.07
(0.16)
1.02
3.44
0.57
0.01
1.35
1.14
Euro
1.22
0.00
0.05
0.38
2.51
2.56
8.36
9.03
1.22
1.06
China
6.55
0.00
(0.07)
(0.33)
0.52
3.96
6.29
6.75
7.18
6.52
Chg (Pts)
1D
1D
1W
1M
3M
YTD
1YR
High
Low
Oil (Brent)
50.29
0.32
0.64
3.07
17.55
26.96
(23.80)
(22.89)
71.75
15.98
CPO
3,360
56.00
1.69
1.94
1.85
17.32
10.09
18.10
3,420
1,944
Rubber
981.50
0.50
0.05
(1.60)
(1.01)
20.28
28.47
26.65
1,262.50
685.00
Coal
83.85
1.35
1.64
8.40
33.95
55.86
23.86
25.15
80.00
47.50
Tin
19,780
330.00
1.70
3.40
7.37
9.13
15.15
14.72
19,795
13,375
Nickel
17,590
306.00
1.77
7.43
10.68
15.16
25.42
24.14
17,780
10,865
Copper
7,751
(21.50)
(0.28)
0.53
11.01
14.05
25.54
26.44
7,974
4,371
Gold
1,828
(1.60)
(0.09)
(2.36)
(3.07)
(6.63)
20.32
23.64
2,074
1,451
Source: Bloomberg, SSI Research
Change (%)
1 Year
Change (%)
1 Year
Change (%)
1 Year
Commodity Indicators
Last Price
Regional Indices
Last Price
DISCLAIMER: 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 his 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
Equity Research│15 December 2020
Research Team
Suria Dharma Head of Equity Research, Strategy, Banking, Consumer (Staple) [email protected] +6221 2854 8148
Ahmad Mikail Zaini Economist [email protected] +6221 2854 8396
William Mamudi, CMT Technical Analyst [email protected] +6221 2854 8382 Yosua Zisokhi Cement , Cigarette,Paper, Plantation,Telco Infra, Chemical [email protected] +6221 2854 8387 Dessy Lapagu Aviation, Coal, Metal [email protected] +6221 2854 8392 Selvi Ocktaviani Automotive,Construction, Precast,Telco, Toll Roads Mining Cont., [email protected] +6221 2854 8393 Ilham Akbar Healthcare, Ind. Estate, Property,Oil & Gas [email protected] +6221 2854 8144 Nashrullah Putra Media, Poultry [email protected] +6221 2854 8144 Calista Muskitta Research Associate [email protected] +6221 2854 8331
Private Wealth Management
Evelyn Satyono Head of PWM / Institutional Sales [email protected] +6221 2854 8380 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 Gitta Wahyu Retnani Institutional Equity Sales [email protected] +6221 2854 8365
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
Fixed Income Sales Team
R. Virine Tresna Sundari Head of Fixed Income [email protected] +6221 2854 8170 Rudianto Nugroho Fixed Income Sales [email protected] +6221 2854 8306 Teguh Suwarno Fixed Income Sales [email protected] +6221 2854 8384 Sany Rizal Keliobas Fixed Income Sales [email protected] +6221 2854 8337
Online Trading Sales Team
Nugroho Nuswantoro Head of Marketing Online Trading [email protected] +6221 2854 8372 Muhamad Alfatih CSA, CTA, CFTe Senior Technical Portfolio Advisor [email protected] +6221 2854 8129
