DAILY
RESEAR
CH
Market
Market Activity Market Index : 6,038.3 Index Movement : -14.2 -0.23% Market Volume : 11,118 Mn shrs Market Value : 6,852 Bn rupiahLast Close +/- % Leading Movers TBIG 2,680 190 7.6 ASII 5,300 100 1.9 HMSP 1,345 30 2.3 KAEF 3,000 300 11.1 Lagging Movers BBRI 4,310 -70 -1.6 BBCA 31,175 -175 -0.6 ARTO 10,800 -275 -2.5 BRIS 2,380 -80 -3.3
Foreign Net Buy / Sell (Regular Market)
Net Buy (IDR bn) Net Sell (IDR bn) 35
TLKM 35 TAPG 179 TBIG 32 BBRI 73 ASII 31 BMRI 25 PGAS 22 MDKA 20 ACES 21 BRIS 20 Money Market Last Close +/- % USD/IDR 14,498 -50.0 0.3 JIBOR O/N 5.9 0.0
Dual Listing Securities
Last Close +/- % TLKM 22.8 -0.2 -0.9 EIDO 21.6 -0.2 -0.9 Global Indices Last Close +/- % DJIA 33,821 -256 -0.8 S&P 500 4,135 -28 -0.7 Euro Stoxx 3,940 -79 -2.0 MSCI World 2,916 -28 -1.0 STI 3,192 -18 -0.5 Nikkei 29,100 -585 -2.0 Hang Seng 29,136 30 0.1 Commodities Last Close +/- % Brent Oil 67 -0.5 -0.7 Coal (ICE) 90 -1.3 -1.5 CPO Malay 4,231 51.0 1.2 Nickel 16,005 -82.5 -0.5 Tin 26,822 104.0 0.39 Changes Changes Changes Changes Changes Tuesday, 20 Apr 2021
Marak Sentimen Negatif, IHSG Berpeluang Kembali
Melemah
Bursa saham AS pada perdagangan semalam ditutup melemah dengan indeks Dow
-0.75%, S&P500 -0.68% dan Nasdaq -0.92%. Pelemahan bursa AS terjadi di tengah
kekhawatiran investor terhadap lonjakan kasus COVID-19 secara global, terutama di
India (+284 ribu kasus), Brasil (+65 ribu kasus) dan Turki (+61 ribu kasus). Para
pelaku pasar juga menanti rilis laporan keuangan 1Q21 beberapa emiten yang akan
berlanjut hingga akhir bulan ini. Meski demikian, ada sentimen positif dari yield
obligasi 10 tahun AS yang turun -2.06% menjadi 1.566%.
Sentimen negatif juga datang dari semakin panasnya tensi geopolitik antara Rusia
dan negara-negara Barat. Terbaru, Rusia hendak menutup akses di Krimea dan Laut
Hitam serta menyebut daerah tersebut berbahaya untuk dilalui pesawat. Hal
tersebut disinyalir akibat adanya peningkatan aktivitas latihan militer di daerah
tersebut di tengah sengketa wilayah dengan Ukraina.
Dari pasar komoditas, harga minyak juga melemah setelah tingginya lonjakan kasus
COVID-19 global yang mempengaruhi ekspektasi permintaan minyak dunia. Harga
Brent terkoreksi -1.2% dan WTI -1.5%. Komoditas lain cenderung bergerak
bervariasi; nikel turun -0.9%, tembaga -0.6%, batu bara -1.3%, sedangkan emas naik
+0.4%, timah +0.6% dan CPO terangkat +2.5%.
Dari dalam negeri, kasus aktif COVID-19 Indonesia turun peringkat menjadi ke-6
tertinggi di Asia dari sebelumnya peringkat 5. dengan kasus aktif sejumlah 102,930
kasus. Kemarin (21/4), jumlah pasien sembuh tercatat sebanyak 6,728 kasus, lebih
tinggi dibandingkan jumlah kasus baru (5,548). Hanya saja, kasus kematian cukup
tinggi, yaitu mencapai 210 orang, dimana biasanya hanya berkisar di 100 orang per
hari. Program vaksinasi Indonesia masih terus berlanjut, dengan vaksinasi tahap
pertama sudah mencapai 11.1 juta penduduk, dan vaksinasi tahap 2 mencapai 6.1
juta penduduk.
Kemarin, Bank Indonesia mempertahankan suku bunga BI7DRR di 3.50% sesuai
dengan proyeksi konsensus. Namun, BI menurunkan prediksi pertumbuhan
ekonomi Indonesia dari 4.3%-5.3% menjadi 4.1%-5.1%. Pengumuman tersebut
membuat IHSG kemarin tidak mampu beranjak ke zona hijau. Hari ini, dengan
maraknya sentimen negatif di pasar global, kami memproyeksikan IHSG berpotensi
kembali melemah pada hari ini. EIDO semalam ditutup terkoreksi -0.9%, sementara
pagi ini, Nikkei dibuka melemah -1.17%, begitu juga dengan Kospi -0.73%.
DAILY RESEARCH
WSKT :
Pinjaman kepada Anak Usaha
21 April 2021
Equity Research│21 April 2021
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)
1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-Au g-20 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-A pr -2 1 0 10 20 30 40 50 60 70 80 1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-Ap r-21 40 50 60 70 80 90 100 110 1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-Ap r-21 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 14,000 16,000 18,000 20,000 22,000 1-M ar -2 0 1-Ap r-20 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-Oc t-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-A pr -2 1 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200
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
%
4/20/2021 1,614,849 0.34 5,549 12.06 1,468,142 6,728 43,777 210 102,930
93.63
4/19/2021 1,609,300 0.31 4,952 8.00 1,461,414 6,349 43,567 143 104,319
93.52
4/18/2021 1,604,348 0.29 4,585 (9.05) 1,455,065 4,873 43,424 96 105,859
93.40
4/17/2021 1,599,763 0.32 5,041 (6.00) 1,450,192 5,963 43,328 132 106,243
93.36
4/16/2021 1,594,722 0.34 5,363 (13.18) 1,444,229 5,975 43,196 123 107,297
93.27
4/15/2021 1,589,359 0.39 6,177 9.21 1,438,254 6,362 43,073 167 108,032
93.20
4/14/2021 1,583,182 0.36 5,656 (0.81) 1,431,892 5,747 42,906 124 108,384
93.15
Average
5,332
6,000
142
93.36
Equity Research│21 April 2021
WSKT: Pinjaman kepada Anak Usaha
PT Waskita Karya Tbk (WSKT) mengucurkan pinjaman kepada anak usahanya, PT Waskita Toll Road (WTR), sebesar
IDR 105.74 miliar. Selanjutnya, Waskita Toll Road akan menyalurkan dana pinjaman tersebut kepada Badan Usaha
Jalan Tol (BUJT) miliknya, PT Cibitung Tanjung Priok Port Tollways (CTPPT). Dana tersebut akan digunakan oleh CTPPT
untuk pembayaran konstruksi dan bunga masa konstruksi. (Investor Daily)
Comment:
WTR memegang kepemilikan mayoritas (55%) CTPPT. Menurut laporan keuangan WSKT FY20, CTPPT memiliki
aset dengan nilai sekitar IDR 8.9 triliun, dan menyumbang laba IDR 1.4 miliar. Nilai pinjaman tersebut kami nilai
tidak material bila dibandingkan dengan nilai aset dan laba dari CTPPT. Kami melihat pinjaman tersebut lebih
sebagai dana talangan sebelum mendapat pembayaran atau pencairan pendanaan dari pihak ketiga. WSKT:
Equity Research│21 April 2021
JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%) (%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Banks BBCA BUY 11.3 31,175 40,500 38,058 29.9 28.3 24.2 4.2 3.8 14.7 15.7 BBRI BUY 7.8 4,310 5,300 5,135 23.0 27.5 16.2 2.8 2.6 10.3 15.8 BMRI BUY 4.3 6,200 8,000 7,958 29.0 16.9 12.2 1.5 1.5 9.1 12.1 BBNI BUY 1.6 5,925 8,500 7,300 43.5 37.0 8.6 1.0 0.8 2.6 9.7 BBTN BUY 0.3 1,620 2,300 2,224 42.0 10.7 6.7 0.9 0.8 8.1 11.4 Average 21.5 9.1 1.1 1.0 6.6 11.1 Consumer (Staples) ICBP BUY 1.5 8,900 12,000 12,049 34.8 18.1 16.2 3.5 3.1 19.6 19.1 INDF BUY 0.9 6,750 9,500 8,698 40.7 12.1 12.2 1.4 1.3 11.9 11.0 KLBF BUY 1.0 1,495 1,750 1,779 17.1 25.3 23.0 4.1 3.7 16.0 16.0 UNVR BUY 3.5 6,225 7,900 7,988 26.9 33.1 31.4 48.3 44.5 145.7 141.4 SIDO BUY 0.3 785 970 918 23.6 25.2 21.7 7.3 6.8 29.1 31.5 Average 22.8 20.9 12.9 11.9 44.5 43.8 Cigarette HMSP HOLD 2.3 1,345 1,460 1,303 8.6 h 18.4 5.2 5.2 28.5 28.1 GGRM BUY 1.0 36,350 44,400 38,815 22.1 8.3 8.0 1.2 1.1 14.2 13.9 Average 8.3 13.2 3.2 3.1 21.4 21.0 Healthcare MIKA BUY 0.6 2,610 3,500 3,169 34.1 43.8 41.3 7.7 6.9 17.5 16.8 SILO SELL 0.2 6,625 5,400 6,417 -18.5 473.2 200.8 1.8 1.8 0.4 0.9 HEAL HOLD 0.2 4,580 5,000 4,816 9.2 42.0 36.3 5.6 4.9 13.3 13.5 Average 186.3 92.8 5.0 4.5 10.4 10.4 Poultry CPIN SELL 1.9 7,625 7,300 6,769 -4.3 43.3 33.3 5.9 5.5 13.7 16.4 JPFA HOLD 0.4 2,230 2,400 2,061 7.6 27.9 14.7 2.2 1.9 8.0 13.1
MAIN SELL 0.0 925 890 960 -3.8 n/a 13.6 1.0 0.9 -0.9 6.8
Average 35.6 20.5 3.1 2.8 7.0 12.1
Retail
MAPI HOLD 0.2 800 850 971 6.3 n/a 80.0 1.5 8.6 -7.4 10.8
RALS HOLD 0.1 860 900 827 4.7 n/a 18.3 1.4 1.4 -1.5 7.7
ACES BUY 0.4 1,525 1,900 1,820 24.6 32.4 23.8 5.2 4.7 16.1 19.6
LPPF SELL 0.1 1,555 1,100 1,121 -29.3 n/a 12.1 2.6 4.1 -35.0 34.1
Average 32.4 40.7 2.7 4.9 2.4 12.7
Pulp and Paper
INKP SELL 0.8 9,525 7,000 N/A -26.5 10.9 13.1 0.8 0.8 7.6 6.0
Average 10.9 13.1 0.8 0.8 7.6 Media MNCN BUY 0.2 950 1,400 1,577 47.4 5.8 5.2 0.9 0.8 14.9 14.3 SCMA BUY 0.4 1,600 2,200 2,148 37.5 20.0 18.2 4.9 4.3 24.4 23.7 Average 12.9 11.7 2.9 2.5 19.6 19.0 Telco EXCL BUY 0.3 2,030 3,300 3,307 62.6 9.5 19.0 1.0 1.0 10.8 5.2
ISAT BUY 0.5 5,650 6,700 6,216 18.6 n/a n/a 2.4 2.4 -5.6 -0.9
TLKM BUY 4.9 3,320 4,300 4,237 29.5 14.9 14.2 2.7 2.5 17.8 17.8
Average 12.2 16.6 2.0 2.0 7.7 7.4
Telco Retail
Equity Research│21 April 2021
JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%) (%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Auto ASII BUY 3.2 5,300 6,750 6,856 27.4 11.9 10.8 1.1 1.0 9.0 9.6 Average 11.9 10.8 1.1 1.0 9.0 Mining Contracting UNTR BUY 1.2 22,000 31,000 28,796 40.9 11.8 8.8 1.3 1.2 11.2 13.8 Average 11.8 8.8 1.3 1.2 11.2 Aviation GIAA BUY 0.1 330 650 404 97.0 3.4 2.9 0.6 0.5 17.5 16.9 Average 3.4 2.9 0.6 0.5 17.5 Property BSDE BUY 0.4 1,195 1,350 1,459 13.0 17.8 13.4 0.7 0.7 4.0 4.9 PWON HOLD 0.4 510 530 637 3.9 39.2 13.8 1.0 1.7 2.6 12.1 ASRI SELL 0.1 204 130 251 -36.3 15.7 7.3 0.4 0.3 2.3 4.7
LPKR SELL 0.2 200 140 220 -30.0 n/a n/a 0.5 0.5 -0.5 -0.2
SMRA SELL 0.2 990 950 1,000 -4.0 58.2 34.1 2.0 1.8 3.4 5.4
CTRA SELL 0.3 1,180 1,100 1,313 -6.8 28.1 21.9 1.4 1.4 5.1 6.2
Average 31.8 18.1 1.0 1.1 2.8 5.5
Industrial Estate
SSIA BUY 0.0 468 700 668 49.6 n/a 42.5 0.6 0.6 -1.6 1.3
DMAS HOLD 0.2 240 250 274 4.2 16.0 14.1 1.5 1.8 9.6 12.7
KIJA SELL 0.1 171 150 N/A -12.3 15.5 13.2 0.6 0.4 4.0 3.4
Average 15.8 23.3 0.9 0.9 4.0 5.6 Construction PTPP BUY 0.1 1,230 1,900 1,964 54.5 55.9 10.0 0.5 0.5 0.9 4.9 ADHI BUY 0.1 1,085 1,800 1,825 65.9 45.2 10.5 0.7 0.6 1.5 6.1 WSKT BUY 0.2 1,060 2,200 1,428 107.5 n/a 10.2 0.6 0.6 -15.2 5.6 WIKA BUY 0.2 1,405 2,400 2,087 70.8 14.6 9.6 0.7 0.7 5.0 7.1 Average 38.6 10.1 0.6 0.6 -1.9 5.9 Cement INTP BUY 0.7 12,800 16,250 16,855 27.0 35.6 29.6 2.1 2.0 5.8 6.9 SMGR BUY 0.9 10,550 13,050 14,363 23.7 27.7 22.3 1.7 1.7 6.3 7.4 Average 31.6 25.9 1.9 1.9 6.1 7.2 Precast WSBP BUY 0.1 199 230 243 15.6 18.1 5.4 0.5 0.5 2.9 8.9 WTON BUY 0.0 300 450 477 50.0 27.3 8.1 0.8 0.7 2.9 8.9 Average 22.7 6.7 0.6 0.6 2.9 8.9
Oil and Gas
PGAS BUY 0.4 1,200 1,700 1,583 41.7 21.8 17.1 0.7 0.7 3.3 4.1
AKRA BUY 0.2 3,140 4,000 4,137 27.4 13.7 12.5 1.4 1.4 10.6 11.0
MEDC BUY 0.2 570 1,090 873 91.2 n/a 7.8 0.8 0.8 -9.9 9.7
Average 17.7 12.5 1.0 0.9 1.3 8.3
Chemical
TPIA SELL 2.7 10,350 10,250 9,113 -1.0 713.8 119.0 7.1 7.1 1.0 6.0
BRPT BUY 1.3 965 1,150 1,210 19.2 201.7 123.2 5.1 5.1 2.5 4.2
ESSA SELL 0.1 384 225 540 -41.4 n/a n/a 2.6 1.3 -20.0 -0.5
Average 457.7 121.1 5.0 4.5 -5.5 3.2
Utilities
JSMR BUY 0.5 4,240 5,000 5,476 17.9 64.2 21.3 1.3 1.2 2.0 5.6
Metal
ANTM BUY 0.8 2,350 3,230 3,355 37.4 37.9 23.0 2.9 2.7 7.7 11.7
MDKA SELL 0.8 2,280 2,030 2,965 -11.0 n/a 12.4 8.3 9.0 15.7 72.9
INCO BUY 0.6 4,270 6,730 6,309 57.6 29.4 29.4 1.5 1.5 5.0 5.0
TINS BUY 0.2 1,575 1,775 1,917 12.7 n/a 1789.8 2.2 2.7 -4.2 0.1
Average 33.7 463.7 3.7 4.0 6.1 22.4
Equity Research│21 April 2021
JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%) (%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Coal ITMG BUY 0.2 12,250 13,550 14,622 10.6 8.4 8.4 1.2 1.4 14.3 16.7 ADRO BUY 0.6 1,185 1,530 1,639 29.1 8.2 8.2 0.7 0.7 8.5 8.8 PTBA BUY 0.4 2,420 3,200 3,052 32.2 9.6 8.4 1.5 1.4 15.8 16.4 Average 8.7 8.3 1.1 1.2 12.9 14.0 Plantation AALI BUY 0.3 9,525 13,800 14,087 44.9 27.4 17.3 1.0 0.9 3.5 5.3 LSIP BUY 0.1 1,275 1,730 1,612 35.7 12.5 10.2 0.9 0.8 7.1 8.3 TBLA BUY 0.1 880 980 1,218 11.4 7.3 5.9 0.8 0.7 11.0 12.2 SIMP SELL 0.1 500 388 513 -22.4 45.5 29.4 0.5 0.5 1.2 1.8 SSMS BUY 0.1 895 1,500 1,245 67.6 26.3 11.3 1.9 1.7 7.4 15.0 Average 23.8 14.8 1.0 0.9 6.0 8.5
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Equity Research│21 April 2021
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
World 2,916 (28.27) (0.96) 0.08 4.28 5.43 8.39 50.90 2,959 1,927 U.S. (S&P) 4,135 (28.32) (0.68) (0.16) 5.67 7.35 10.09 46.46 4,191 2,727 U.S. (DOW) 33,821 (256.33) (0.75) 0.43 3.66 8.44 10.50 43.00 34,257 22,790 Europe 3,940 (79.45) (1.98) (0.67) 2.70 8.90 10.92 41.17 4,041 2,708 Emerging Market 1,348 (0.95) (0.07) 0.82 0.81 (4.16) 4.36 53.44 1,449 872 FTSE 100 6,860 (140.21) (2.00) (0.44) 2.25 2.15 6.18 21.61 7,040 5,526 CAC 40 6,165 (131.58) (2.09) (0.31) 2.79 10.27 11.05 41.48 6,319 4,195 Dax 15,130 (238.88) (1.55) (0.69) 3.48 8.79 10.28 47.61 15,502 10,161 Indonesia 6,038 (14.22) (0.23) 1.87 (5.00) (5.86) 0.99 34.13 6,505 4,441 Japan 29,100 (584.99) (1.97) (2.19) (2.32) 1.19 6.03 50.93 30,715 18,858 Australia 7,018 (47.87) (0.68) 0.59 4.61 2.84 6.54 34.41 7,095 5,101 Korea 3,221 21.86 0.68 1.20 5.96 1.89 12.08 71.37 3,266 1,842 Singapore 3,192 (17.55) (0.55) 0.13 1.84 5.80 12.25 25.09 3,222 2,421 Malaysia 1,608 7.28 0.45 0.62 (1.15) 0.80 (1.21) 16.34 1,696 1,360 Hong Kong 29,136 29.58 0.10 2.24 0.50 (2.65) 6.99 22.45 31,183 22,520 China 3,473 (4.61) (0.13) 2.25 2.01 (4.10) (0.00) 22.85 3,732 2,758 Taiwan 17,324 60.59 0.35 2.97 7.80 7.24 17.59 68.38 17,324 10,140 Thailand 1,580 5.13 0.33 1.36 1.03 4.40 9.02 26.11 1,606 1,187 Philipines 6,500 40.66 0.63 0.66 1.00 (8.96) (8.95) 16.24 7,432 5,391
1D 1D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 137.10 (1.23) 0.88 0.88 13.33 138.80 127.88
Inflation Rate (yoy, %) 1.37 2.67 1.32
Gov Bond Yld (10yr, %) 6.44 (17.34) 8.12 5.86
US Fed Rate (%) 0.25 0.25 0.25
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Indonesia 14,498 (50.00) 0.34 0.74 (0.66) (3.19) (3.09) 6.31 15,598 13,865 Japan 108.10 (0.01) 0.01 0.77 0.69 (4.26) (4.49) (0.28) 110.97 102.59 UK 1.39 0.00 0.03 1.18 0.56 1.51 1.98 13.44 1.42 1.21 Euro 1.20 (0.00) (0.01) 0.46 0.85 (1.06) (1.48) 10.84 1.23 1.07 China 6.50 (0.01) 0.17 0.69 0.13 (0.52) 0.43 8.83 7.18 6.42 Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 66.57 (0.48) (0.72) 4.55 3.16 18.71 28.51 160.34 71.38 15.98 CPO 3,805 95.00 2.56 8.40 2.18 18.13 5.69 70.47 4,066 1,944 Rubber 1,023.50 1.00 0.10 (2.76) (10.88) 10.95 9.17 42.85 1,262.50 690.00 Coal 90.25 (1.35) (1.47) 1.40 (3.78) 6.36 12.11 64.69 99.00 47.50 Tin 28,150 96.50 0.34 2.96 0.35 28.16 37.02 84.85 31,000 14,729 Nickel 16,038 (83.00) (0.51) (0.76) (1.60) (11.99) (3.46) 28.16 20,110 11,775 Copper 9,322 (54.00) (0.58) 4.75 2.93 15.88 20.04 79.84 9,617 4,953 Gold 1,777 (0.20) (0.01) 2.43 2.05 (4.74) (6.11) 5.90 2,074 1,659
Source: Bloomberg, SSI Research
Change (%) 1 Year
Change (%) 1 Year
Change (%) 1 Year
Commodity Indicators Last Price Regional Indices Last Price
Equity Research│21 April 2021
Research Team
Suria Dharma Head of Equity Research, Strategy,
Banking, Consumer Staples suria.dharma@samuel.co.id +6221 2854 8148
Ahmad Mikail Zaini Economist ahmad.mikail@samuel.co.id +6221 2854 8396
William Mamudi, CFTe, CMT Technical Analyst william.mamudi@samuel.co.id +6221 2854 8382
Muhamad Alfatih CSA, CTA,
CFTe Senior Technical Portfolio Advisor m.alfatih@samuel.co.id +6221 2854 8129
Yosua Zisokhi Cement , Cigarette,Paper,
Plantation,Telco Infra, Chemical yosua.zisokhi@samuel.co.id +6221 2854 8387
Dessy Lapagu Aviation, Coal, Metal, Retail dessy.lapagu@samuel.co.id +6221 2854 8392
Selvi Ocktaviani Automotive,Construction, Mining Cont.,
Precast,Telco, Toll Roads selvi.ocktaviani@samuel.co.id +6221 2854 8393
Nashrullah Putra Media, Poultry nashrullah.putra@samuel.co.id +6221 2854 8739
Olivia Laura Anggita Healthcare, Property olivia.laura@samuel.co.id +6221 2854 8393
Ahmad Fadillah Oil & Gas ahmad.fadillah@samuel.co.id +6221 2854 8144
Calista Muskitta Research Associate calista.muskitta@samuel.co.id +6221 2854 8331
Equity Institutional Team
Benny Bambang Soebagjo Head of Institutional Equity Sales
s
+6221 2854 8312Ronny Ardianto Institutional Equity Sales ronny.ardianto@samuel.co.id +6221 2854 8399
Fachruly Fiater Institutional Equity Sales fachruly.fiater@samuel.co.id +6221 2854 8325
Henry Sutanto Institutional Equity Sales hensry.sutanto@samuel.co.id +6221 2854 8329
Sylviawati Customer Service sylviawati@samuel.co.id +6221 2854 8193
Private Wealth Management
Evelyn Satyono Head of PWM Equity Sales evelyn.satyono@samuel.co.id +6221 2854 8380
Clarice Wijana PWM Equity Sales clarice.wijana@samuel.co.id +6221 2854 8395
Gitta Wahyu Retnani PWM Equity Sales gitta.wahyu@samuel.co.id +6221 2854 8365
Wahyudi Budiyono Dealer wahyudi.budiyono@samuel.co.id +6221 2854 8152
Equity Retail Team
Kelvin Long Head of Retail Equity Sales kelvin.long@samuel.co.id +6221 2854 8150
Lucia Irawati Retail Equity Sales lucia.irawati@samuel.co.id +6221 2854 8173
Salt World Widjaja Retail Equity Sales salt@samuel.co.id +6221 2854 8163
Fixed Income Sales Team
R. Virine Tresna Sundari Head of Fixed Income virine.sundari@samuel.co.id +6221 2854 8170
Rudianto Nugroho Fixed Income Sales rudianto.nugroho@samuel.co.id +6221 2854 8306
Sany Rizal Keliobas Fixed Income Sales sany.rizal@samuel.co.id +6221 2854 8337
Online Trading Sales Team
Joseph Soegandhi Head of OLT joseph.soegandhi@samuel.co.id +6221 2854 8872
Nugroho Nuswantoro Head of Marketing Online Trading nugroho.nuswantoro@samuel.co.id +6221 2854 8372
