: 5,239.9
: -41.0 -0.78%
: 9,867 Mn shrs : 6,812 Bn rupiah Last
Close +/- %
KAEF 3,150 190 6.4
INAF 3,190 150 4.9
STTP 7,600 325 4.5
UCID 1,595 105 7.0
BBCA 31,900 -600 -1.8
BBRI 3,550 -30 -0.8
ASII 5,050 -125 -2.4
HMSP 1,640 0 0.0
Foreign Net Buy / Sell (Regular Market) Net Buy (Rpbn) Net Sell (Rpbn)
UNVR 27 BBNI 198
BSDE 6 BBCA 146
BNLI 6 ASII 143
BRIS 5 BBRI 96
LPPF 4 BMRI 78 Money Market
Last
Close +/- %
USD/IDR 14,750 -28.0 0.2
JIBOR O/N 5.9 0.0
Dual Listing Securities Last
Close +/- %
TLKM 19.6 0.3 1.7
EIDO 19.4 0.1 0.4
Global Indices Last
Close +/- %
DJIA 28,133 -159 -0.6
S&P 500 3,427 -28 -0.8
Euro Stoxx 3,261 -44 -1.3
MSCI World 2,400 -26 -1.1
STI 2,510 -22 -0.9
Nikkei 23,117 -89 -0.4
Hang Seng 24,695 -312 -1.2
Commodities Last
Close +/- %
Brent Oil 42 -0.8 -1.9
Coal (ICE) 50 -0.7 -1.5
CPO Malay 2,797 -58.0 -2.0
Nickel 15,270 195.5 1.3
Tin 18,245 12.0 0.1
Changes Changes
Leading Movers
Lagging Movers
Changes
Changes
Changes Market Value
Market Activity Friday, 04 Sep 2020 Market Index Index Movement Market Volume
DAILY RESEARCH
Market
IHSG diperkirakan masih melemah akibat kurangnya sentimen pendodorong.
Pasar US pada Jumat lalu terkoreksi dimana S&P500 ditutup melemah -0.81%, Dow Jones -0.56%, dan Nasdaq -1.26% secara harian. Secara mingguan pun terkoreksi cukup dalam. S&P500 turun -2.31%, Dow Jones -1.11% dan Nasdaq -3.27%. Hal ini disebabkan oleh mayoritas saham di sektor teknologi yang terkoreksi cukup dalam.
Sentimen dari US yang cukup baik untuk pasar modal diantaranya:
Jerome Powell menyatakan bahwa suku bunga rendah akan berlangsung setidaknya selama satu tahun kedepan dan penurunan angka pengangguran dari 10.2% di bulan Juli ke 8.2% di bulan Agustus.
Sementara itu dari dalam negri penambahan kasus Covid-19 terus mengalami peningkatan yakni sebanyak 3,444 kasus pada hari minggu 6 September kemarin dan rekor terbanyak sebesar 3,621 kasus pada 3 September lalu.
IHSG ditutup melemah -0.78% pada jumat lalu dan secara mingguan pun ditutup melemah -1.23% dengan investor asing kembali mencatakan net sell sebesar IDR 958 miliar. Yang dapat diperhatikan dari dalam negeri di minggu ini adalah rilis data Indeks Keyakinan Konsumen (IKK) untuk Agustus 2020 (prev: 86.2) pada esok hari dan data penjualan ritel yoy untuk Juli 2020 (prev: -17.1%).
Pagi ini Nikkei dibuka melemah -0.53% dan Kospi -1.15%, IHSG kami prediksikan melemah mengikuti pasar regional.
MDKA : Terbitkan Obligasi Rp 300 M
PGAS : Mencatatkan Rugi Bersih USD 41.1 juta pada 2Q20
Highlights
7 September 2020
Equity Research│7 September 2020
MDKA: Terbitkan Obligasi Rp 300 M
MDKA melangsungkan penawaran Obligasi Berkelanjutan I Tahap II Tahun 2020 sebesar Rp 300 miliar.
Obligasi tersebut merupakan bagian dari Obligasi Berkelanjutan I senilai total Rp 1,7 triliun. Perseroan sebelumnya telah menerbitkan Obligasi Berkelanjutan I Tahap I sebesar Rp 1,4 triliun. (Investor Daily)
Comment:
Obligasi Berkelanjutan I Tahap II terbagi dalam dua seri. Seri A senilai Rp 149 miliar ditawarkan dengan tingkat bunga 8,25% dan tenor 367 hari. Seri B diterbitkan dengan nilai pokok Rp 151 miliar, tingkat bunga 10,25%, dan tenor tiga tahun. Bunga obligasi pertama akan dibayarkan pada 9 Desember 2020. Sedangkan bunga obligasi terakhir sekaligus pelunasan akan dibayarkan pada 16 September 2021 untuk obligasi Seri A dan 9 September 2023 untuk obligasi Seri B. Dana tersebut akan menambah cash MDKA yang pada 1H20 lalu sebesar IDR 803 miliar. Dana tersebut akan dialokasikan untuk Batutua Kharisma Permai sebanyak 75% dan sisanya untuk operasional perusahaan. MDKA:
Under review (Prev: MDKA: HOLD: 13.7x PE ‘22E, 4.4x PBV ‘22E, TP: IDR 1,600)
PGAS: Mencatatkan Rugi Bersih USD 41.1 juta pada 2Q20
PT Perusahaan Gas Negara (PGAS) mencatatkan penurunan laba bersih -87.6% YoY menjadi USD 6.7 juta pada 1H20. Sementara di periode yang sama pendapatan mengalami penurunan -17.9% YoY menjadi USD 1.47 miliar. (Laporan Keuangan)
Comment:
Penurunan laba bersih pada 1H20 ditenggarai utama oleh meningkatnya rugi bersih yang dicatatkan
pada 2Q20 sebesar USD -41.1 juta dibanding rugi bersih 2Q19 sebesar USD -11.1 juta. PGAS
mengalami penurunan pendapatan -34.8% di 2Q20 akibat penurunan kinerja operasiona (volume)
pada semua lini bisnis dan penurunan harga minyak dan gas bumi di periode tersebut. Namun kami
melihat volume distribusi dan transmisi gas mulai beranjak naik memasuki Juni 2020 seiring dengan
pembukaan kembali ekonomi, meski disaat yang sama level harga minyak saat ini masih dapat
menekan kinerja bisnis upstream Saka yang dimiliki. Kami juga melihat implementasi penurunan
harga gas belum terlihat pada 1H20, dan baru akan berdampak pada kinerja 2H20. PGAS: SELL: 16.3x
PE ‘22E, 0.8x PBV ‘22E, TP: IDR 700Equity Research│7 September 2020 Gold: Gold 100 Oz Futures Dec20 (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 Bleacked Softwood Craft Pulp (CNY/MT) Nickel: London Metal Exchange Nickel Future (USD/MT)
9-Sep-19 9-Oct-19 9-Nov-19 9-Dec-19 9-Jan-20 9-Feb-20 9-Mar-20 9-Apr-20 9-May-20 9-Jun-20 9-Jul-20 9-Aug-20
0 10 20 30 40 50 60 70 80
9-Sep-19 9-Oct-19 9-Nov-19 9-Dec-19 9-Jan-20 9-Feb-20 9-Mar-20 9-Apr-20 9-May-20 9-Jun-20 9-Jul-20 9-Aug-20
40 45 50 55 60 65 70 75 80
9-Sep-19 9-Oct-19 9-Nov-19 9-Dec-19 9-Jan-20 9-Feb-20 9-Mar-20 9-Apr-20 9-May-20 9-Jun-20 9-Jul-20 9-Aug-20
1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300
9-Sep-19 9-Oct-19 9-Nov-19 9-Dec-19 9-Jan-20 9-Feb-20 9-Mar-20 9-Apr-20 9-May-20 9-Jun-20 9-Jul-20 9-Aug-20
4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000
9-Sep-19 9-Oct-19 9-Nov-19 9-Dec-19 9-Jan-20 9-Feb-20 9-Mar-20 9-Apr-20 9-May-20 9-Jun-20 9-Jul-20 9-Aug-20
10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000
9-Sep-19 9-Oct-19 9-Nov-19 9-Dec-19 9-Jan-20 9-Feb-20 9-Mar-20 9-Apr-20 9-May-20 9-Jun-20 9-Jul-20 9-Aug-20
1,000 1,200 1,400 1,600 1,800 2,000 2,200
Equity Research│7 September 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 4.7 5,925 (22.8) 7,700 6,684 30.0 9.6 9.6 1.2 1.1 12.7% 11.6%
BBCA HOLD 13.3 31,900 (4.6) 32,000 33,036 0.3 32.5 25.5 4.5 4.0 13.7% 15.8%
BBRI HOLD 7.4 3,550 (19.3) 3,500 3,827 -1.4 17.1 12.2 2.3 2.0 13.2% 16.8%
BBNI BUY 1.7 5,225 (33.4) 6,000 5,671 14.8 14.5 7.1 0.8 0.7 5.4% 10.0%
BBTN HOLD 0.3 1,555 (26.7) 1,500 1,507 -3.5 5.4 5.0 0.6 0.5 10.9% 10.6%
BNLI HOLD 0.6 1,325 4.7 1,376 1,366 3.8 24.5 22.8 1.5 1.4 6.1% 6.1%
Average 17.3 13.7 1.8 1.6 10.3% 11.8%
Consumer (Staples)
ICBP HOLD 2.1 10,300 (7.6) 9,300 11,758 -9.7 20.9 18.7 4.1 3.6 19.6% 19.1%
INDF BUY 1.1 7,600 (4.1) 9,500 8,447 25.0 13.5 12.4 1.7 1.6 12.9% 13.2%
KLBF BUY 1.3 1,590 (1.9) 1,750 1,727 10.1 25.2 24.1 4.2 3.9 16.8% 16.1%
UNVR BUY 5.5 8,400 - 9,800 8,940 16.7 40.0 39.6 49.5 48.9 123.7% 123.4%
Average 24.9 23.7 14.9 14.5 43.3% 42.9%
Cigarette
HMSP HOLD 3.3 1,640 (21.9) 1,520 1,808 -7.3 19.1 18.9 5.9 5.8 30.9% 30.9%
GGRM BUY 1.6 47,475 (10.4) 71,700 57,166 51.0 15.3 12.0 1.7 1.6 11.2% 13.4%
Average 17.2 15.4 3.8 3.7 21.1% 22.1%
Healthcare
MIKA BUY 0.6 2,390 (10.5) 2,900 2,540 21.3 46.0 44.3 7.8 3.8 17.0% 8.6%
SILO BUY 0.1 4,280 (38.4) 9,000 5,760 110.3 35.4 25.2 1.1 1.0 3.0% 4.0%
HEAL BUY 0.2 3,100 (13.4) 5,000 4,236 61.3 37.8 29.0 3.9 3.5 10.3% 12.0%
Average 39.7 32.8 4.3 2.8 10.1% 8.2%
Poultry
CPIN HOLD 1.7 6,100 (6.2) 5,800 5,554 -4.9 25.1 22.0 4.1 3.7 16.5% 16.7%
JPFA BUY 0.2 1,165 (24.1) 1,500 1,278 28.8 6.2 5.8 1.1 0.9 17.0% 16.2%
MAIN BUY 0.0 610 (39.3) 700 634 14.8 4.1 3.8 0.6 0.5 14.1% 14.0%
Average 11.8 10.5 1.9 1.7 15.9% 15.6%
Retail
MAPI BUY 0.2 685 (35.1) 1,350 842 97.1 9.6 8.6 1.5 1.3 15.4% 14.8%
RALS BUY 0.1 635 (40.4) 1,400 670 120.5 5.5 5.0 0.9 0.9 17.3% 17.3%
ACES BUY 0.5 1,600 7.0 1,900 1,715 18.8 23.5 21.1 5.0 4.3 21.2% 20.7%
Average 12.9 11.6 2.5 2.2 18.0% 17.6%
Pulp and Paper
INKP SELL 0.8 8,600 11.7 7,175 11,000 -16.6 6.3 6.0 0.7 0.6 11.0% 10.7%
Average 6.3 6.0 0.7 0.6 11.0%
Media
MNCN BUY 0.2 845 (48.2) 1,390 1,323 64.5 4.5 4.1 0.8 0.7 17.5% 17.3%
SCMA BUY 0.3 1,200 (14.9) 1,550 1,472 29.2 10.3 10.3 2.7 2.5 26.4% 23.8%
Average 7.4 7.2 1.8 1.6 22.0% 20.5%
Telco
EXCL BUY 0.4 2,300 (27.0) 3,500 3,449 52.2 24.0 22.1 1.2 1.2 5.1% 5.4%
ISAT BUY 0.2 2,310 (20.6) 2,800 3,111 21.2 n/a n/a 1.1 1.1 -9.7% -2.2%
TLKM BUY 4.8 2,860 (27.0) 4,300 3,913 50.3 13.8 12.7 2.3 2.2 16.9% 17.5%
Average 18.9 17.4 1.6 1.5 4.1% 6.9%
Telco Retail
ERAA HOLD 0.1 1,685 (6.1) 1,625 1,758 -3.6 9.0 7.3 1.0 0.9 11.0% 11.9%
Telco Infra
TBIG BUY 0.5 1,275 3.7 1,490 1,426 16.9 26.6 25.0 4.4 3.9 16.5% 15.6%
TOWR BUY 0.9 1,025 27.3 1,300 1,258 26.8 17.4 16.0 5.9 4.8 34.1% 30.0%
Average 22.0 20.5 5.2 4.4 25.3% 22.8%
Stock Rec.
Equity Research│7 September 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 3.5 5,050 (27.1) 7,500 5,634 48.5 9.4 8.6 1.0 0.9 10.8% 10.9%
Average 9.4 8.6 1.0 0.9 10.8%
Mining Contracting
UNTR HOLD 1.5 23,100 7.3 22,300 24,695 -3.5 7.2 5.4 1.6 1.1 22.1% 19.7%
Average 7.2 5.4 1.6 1.1 22.1%
Aviation
GIAA BUY 0.1 252 (49.4) 650 316 157.9 2.6 2.2 0.5 0.4 17.5% 16.9%
Average 2.6 2.2 0.5 0.4 17.5%
Property
BSDE HOLD 0.3 750 (40.2) 820 995 9.3 11.2 10.7 0.4 0.4 3.7% 3.6%
PWON BUY 0.3 406 (28.8) 650 532 60.1 6.7 6.2 1.1 0.9 16.5% 15.4%
ASRI BUY 0.0 121 (49.2) 360 137 197.5 3.0 3.7 0.2 0.2 7.1% 5.5%
LPKR BUY 0.2 144 (40.5) 380 201 163.9 13.1 11.1 0.3 0.3 2.5% 2.9%
SMRA BUY 0.2 635 (36.8) 1,500 731 136.2 14.4 11.5 1.2 1.1 8.0% 9.2%
CTRA SELL 0.2 740 (28.8) 650 871 -12.2 15.4 14.8 0.9 0.8 5.5% 5.5%
Average 10.6 9.7 0.7 0.6 7.2% 7.0%
Industrial Estate
SSIA BUY 0.0 390 (40.5) 550 419 41.0 43.3 21.7 0.4 0.4 1.0% 2.0%
DMAS HOLD 0.2 230 (22.3) 250 245 8.7 7.0 6.6 1.5 1.4 21.0% 21.9%
KIJA HOLD 0.1 148 (49.3) 150 150 1.4 13.5 11.4 0.5 0.4 4.0% 3.4%
Average 21.3 13.2 0.8 0.8 8.7% 7.7%
Construction
PTPP BUY 0.1 950 (40.1) 2,100 1,148 121.1 4.3 4.0 0.3 0.3 6.5% 7.3%
ADHI BUY 0.0 600 (48.9) 1,800 775 200.0 2.9 2.6 0.3 0.3 10.0% 10.0%
WSKT HOLD 0.1 625 (57.9) 630 757 0.8 2.7 2.6 0.2 0.2 9.0% 8.7%
WIKA BUY 0.2 1,220 (38.7) 1,600 1,525 31.1 12.7 8.3 0.6 0.6 5.0% 7.1%
Average 5.7 4.4 0.4 0.3 7.6% 8.3%
Cement
INTP HOLD 0.7 11,650 (38.8) 12,200 14,373 4.7 32.4 26.9 1.9 1.9 5.8% 6.9%
SMGR HOLD 1.1 10,350 (13.8) 10,800 11,544 4.3 46.2 27.4 1.8 1.7 3.8% 6.1%
Average 39.3 27.1 1.8 1.8 4.8% 6.5%
Precast
WSBP BUY 0.1 164 (46.1) 410 272 150.0 3.7 3.2 0.5 0.4 12.1% 12.7%
WTON BUY 0.0 256 (43.1) 340 451 32.8 3.6 3.1 0.6 0.5 15.6% 16.0%
Average 3.7 3.2 0.5 0.5 13.8% 14.3%
Oil and Gas
PGAS SELL 0.5 1,290 (40.6) 700 1,413 -45.7 21.9 16.3 0.8 0.8 3.6% 4.6%
AKRA BUY 0.2 2,850 (27.8) 3,800 3,478 33.3 14.8 12.9 1.3 1.3 9.1% 10.0%
MEDC BUY 0.2 550 (36.4) 950 624 72.7 9.6 4.3 0.6 0.5 5.9% 12.1%
Average 15.4 11.2 0.9 0.9 6.2% 8.9%
Chemical
TPIA BUY 2.1 6,825 (34.2) 7,575 5,383 11.0 55.9 55.9 4.8 4.8 8.6% 8.6%
BRPT BUY 1.2 780 (48.3) 1,075 680 37.8 5.8 5.8 0.4 0.4 6.2% 6.2%
ESSA BUY 0.0 148 (44.8) 280 N/A 89.2 4.4 4.4 0.4 0.4 9.6% 9.6%
Average 22.0 22.0 1.9 1.9 8.2% 8.1%
Utilities
JSMR BUY 0.5 3,880 (25.0) 4,700 5,033 21.1 48.5 15.5 1.2 1.1 2.4% 6.9%
Metal
ANTM SELL 0.3 825 (1.8) 670 847 -18.8 137.5 91.7 1.2 1.3 0.8% 1.4%
MDKA HOLD 0.6 1,730 61.7 1,600 2,058 -7.5 22.2 13.7 5.6 4.4 25.2% 31.9%
INCO HOLD 0.7 3,910 7.4 4,000 3,636 2.3 25.1 21.5 1.5 1.4 6.0% 6.3%
TINS BUY 0.1 820 (0.6) 1,775 1,024 116.5 n/a 931.8 1.2 1.4 -4.2% 0.1%
Average 61.6 264.7 2.4 2.1 7.0% 9.9%
Stock Rec.
Equity Research│7 September 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 BUY 0.2 8,500 (25.9) 12,070 9,022 42.0 3.2 3.9 1.2 2.3 37.8% 57.3%
ADRO BUY 0.7 1,205 (22.5) 1,600 1,284 32.8 6.3 6.3 0.6 0.6 9.9% 9.3%
PTBA SELL 0.4 2,100 (21.1) 1,870 2,424 -11.0 8.7 13.1 1.4 1.4 15.7% 10.6%
Average 6.1 7.8 1.1 1.4 21.1% 25.7%
Plantation
AALI HOLD 0.4 11,225 (23.0) 11,100 11,861 -1.1 33.6 19.8 1.1 1.1 3.4% 5.5%
LSIP BUY 0.1 1,040 (30.0) 1,145 1,174 10.1 20.0 17.9 0.8 0.8 4.1% 4.4%
TBLA BUY 0.1 825 (17.1) 980 1,021 18.8 5.1 4.8 0.7 0.7 14.3% 14.3%
SIMP HOLD 0.1 354 (18.1) 388 470 9.6 32.2 20.8 0.4 0.4 1.2% 1.8%
SSMS BUY 0.1 850 0.6 1,050 1,100 23.5 16.3 11.6 1.8 1.6 11.0% 13.8%
Average 21.4 15.0 1.0 0.9 6.8% 8.0%
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Stock Rec.
Equity Research│7 September 2020
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
World 2,400 (26.18) (1.08) (2.28) 1.85 5.86 1.74 10.13 2,500 1,579
U.S. (S&P) 3,427 (28.10) (0.81) (2.31) 2.26 7.30 6.07 15.05 3,588 2,192
U.S. (DOW) 28,133 (159.42) (0.56) (1.82) 2.55 3.77 (1.42) 4.98 29,569 18,214
Europe 3,261 (43.63) (1.32) (1.66) 0.24 (3.66) (12.94) (6.71) 3,867 2,303
Emerging Market 1,100 (9.35) (0.84) (0.18) 0.93 9.66 (1.36) 9.08 1,151 752
FTSE 100 5,799 (51.78) (0.88) (3.35) (3.86) (10.57) (23.11) (20.37) 7,690 4,899
CAC 40 4,965 (44.45) (0.89) (0.76) 1.55 (4.48) (16.95) (11.40) 6,111 3,632
Dax 12,843 (215.11) (1.65) (1.46) 1.32 (0.04) (3.07) 5.34 13,795 8,256
Indonesia 5,240 (40.96) (0.78) (2.00) 1.87 5.90 (16.82) (16.95) 6,414 3,912
Japan 23,117 (88.91) (0.38) (0.10) 3.52 1.11 (2.28) 9.04 24,116 16,358
Australia 5,885 (40.81) (0.69) (2.90) (2.00) (1.90) (11.96) (11.47) 7,197 4,403
Korea 2,372 4.00 0.17 1.98 0.88 8.73 7.94 18.07 2,458 1,439
Singapore 2,510 (22.15) (0.87) (1.18) (1.41) (8.79) (22.13) (20.19) 3,286 2,208
Malaysia 1,516 0.46 0.03 (2.50) (3.95) (2.60) (4.59) (5.52) 1,618 1,208
Hong Kong 24,695 (312.15) (1.25) (2.86) 0.67 (0.30) (12.40) (7.48) 29,175 21,139
China 3,355 (29.61) (0.87) (1.42) 0.04 14.49 10.01 11.86 3,459 2,647
Taiwan 12,638 (120.02) (0.94) (0.71) (1.49) 10.09 5.34 17.23 13,032 8,524
Thailand 1,312 (3.93) (0.30) (1.12) (1.42) (7.02) (16.96) (20.90) 1,680 969
Philipines 5,785 12.23 0.21 (2.30) (1.04) (10.52) (25.98) (27.08) 8,217 4,039
1D 1D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 135.10 2.57 5.65 4.58 7.31 135.10 120.97
Inflation Rate (yoy, %) 1.32 3.12 1.32
Gov Bond Yld (10yr, %) 6.93 (5.70) 8.38 6.51
US Fed Rate (%) 0.25 2.25 0.25
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Indonesia 14,750 (28.00) 0.19 (0.80) (0.85) (4.44) (5.99) (4.00) 16,625 13,577
Japan 106.28 0.04 (0.04) (0.35) (0.34) 2.02 2.19 0.90 112.23 101.19
UK 1.33 (0.00) (0.22) (0.90) 1.52 4.13 (0.05) 7.32 1.35 1.14
Euro 1.18 (0.00) (0.02) (0.84) 0.42 4.80 5.56 7.13 1.20 1.06
China 6.84 (0.01) 0.09 0.33 1.91 3.93 1.76 4.44 7.18 6.81
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 41.85 (0.81) (1.90) (7.58) (5.74) (1.06) (36.59) (32.00) 71.95 15.98
CPO 2,797 (58.00) (2.03) 4.29 2.79 20.72 (8.36) 25.76 3,140 1,944
Rubber 805.00 0.00 0.00 1.26 4.07 2.74 5.37 8.27 837.50 685.00
Coal 50.40 (0.75) (1.47) (0.40) (7.01) (9.03) (25.55) (25.83) 77.25 47.50
Tin 18,245 12.00 0.07 2.35 2.69 12.29 6.21 6.17 18,421 13,375
Nickel 15,293 198.00 1.31 0.67 8.36 19.73 9.04 (15.04) 18,400 10,865
Copper 6,710 146.50 2.23 1.34 3.98 21.27 8.68 16.74 6,830 4,371
Gold 1,933 6.30 0.33 (1.78) (4.06) 15.13 27.18 28.06 2,074 1,446
Source: Bloomberg, SSI Research
Change (%) 1 Year
Change (%) 1 Year
Change (%) 1 Year
Commodity Indicators Last Price Regional Indices Last Price
Exchange Rate (per USD) 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
Equity Research│7 September 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, Mining Cont.,
Precast,Telco, Toll Roads [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
Wahyu Widodo Marketing [email protected] +6221 2854 8371
