DAILY RESEAR CH
Market
Market Activity
Market Index : 5,939.5
Index Movement : -82.9 -1.38%
Market Volume : 15,689 Mn shrs Market Value : 10,331 Bn rupiah
Last
Close +/- %
Leading Movers
BRIS 2,250 305 15.7
HMSP 1,205 45 3.9
GGRM 40,750 2000 5.2
KAEF 3,250 450 16.1
Lagging Movers
BBCA 30,275 -675 -2.2
BMRI 5,700 -200 -3.4
ASII 4,710 -210 -4.3
TLKM 3,170 -80 -2.5
Foreign Net Buy / Sell (Regular Market) Net Buy (IDR bn) Net Sell (IDR bn)
BMRI 123 BBCA 147
FREN 43 ARCI 63
UNVR 36 EMTK 53
AGRO 26 ASII 42
BBNI 21 PGAS 35 Money Market
Last
Close +/- %
USD/IDR 14,445 20.0 -0.1
JIBOR O/N 5.9 0.0
Dual Listing Securities Last
Close +/- %
TLKM 22.3 -0.4 -1.9
EIDO 20.2 -0.4 -2.2
Global Indices Last
Close +/- %
DJIA 34,283 -151 -0.44
S&P 500 4,291 10 0.23
Euro Stoxx 4,090 -31 -0.75
MSCI World 3,025 0 0.01
STI 3,127 5 0.17
Nikkei 29,048 -18 -0.06
Hang Seng 29,268 -20 -0.07
Commodities Last
Close +/- %
Brent Oil 75 -1.5 -1.97
Coal (ICE) 129 -2.5 -1.95
CPO Malay 3,700 -2.0 -0.05
Nickel 18,284 -238.5 -1.29
Tin 31,152 378.0 1.23
Changes Changes
Changes
Changes
Changes Monday, 28 Jun 2021
Minim Sentimen, IHSG Berpotensi Flat Cenderung Melemah
Bursa saham AS ditutup bervariasi semalam; Dow Jones melemah -0.44% akibat tekanan pada saham energi dan transportasi, sementara S&P500 (+0.23%) dan Nasdaq (+0.98%) menguat, didorong oleh penguatan saham teknologi. Investor juga tampaknya yakin bahwa kenaikan inflasi di AS saat ini (April: +3,6% yoy, Mei: +3,9%
yoy) bukan ancaman ekonomi berkelanjutan, tetapi hanya kenaikan sementara.
Yield UST 10Y terpantau di level 1.48%, sementara indeks dolar AS berada di level 91.88.
Pasar komoditas mayoritas melemah kemarin (28/6): Brent -1.97% dan WTI -0.26%, coal -1.95%, nikel -1.29%, CPO -0.05%, timah +1.23%. Bursa Asia kemarin ditutup cenderung negatif; Nikkei -0.06%, Kospi -0.03%, dan Shanghai -0.03%. Indeks EIDO juga ditutup melemah -2.18%. Hal serupa juga dialami IHSG yang melemah -1.37%
ke level 5,939. Investor asing mencatatkan keseluruhan net buy sebesar IDR 68.2 miliar. Net buy asing tertinggi di pasar reguler dicatatkan oleh BMRI (IDR 123 miliar), FREN (IDR 43.3 miliar), dan UNVR (IDR 36.3 miliar), sementara net sell asing tertinggi di pasar reguler dicetak oleh BBCA (IDR 147.2 miliar), ARCI (IDR 62.7 miliar), dan EMTK (IDR 52.9 miliar).
Kasus positif COVID-19 Indonesia bertambah sebanyak 20,694 kemarin (28/6) (- 3.0% daily) dengan daily positive rate sebesar 25.8%. Jumlah total kasus aktif saat ini sudah mencapai 218,476 (10.2% infection rate), sementara untuk jumlah keseluruhan kasus, Indonesia saat ini sudah melaporkan 2.1 juta kasus COVID-19.
Dari perkembangan program vaksinasi, dosis pertama vaksin COVID-19 telah diberikan pada 27.4 juta orang, 15.1% dari target (+304,135), sedangkan dosis kedua total sudah diberikan pada 13.1 juta orang (+73,003). Pemerintah merevisi aturan PPKM Mikro, dimana mall yang tadinya dapat beroperasi sampai pukul 20.00, saat ini hanya diizinkan buka sampai dengan pukul 17.00. Sementra itu, restoran hanya diizinkan untuk melayani take away hingga pukul 20.00.
Perkantoran di zona merah dan oranye diwajibkan melakukan kebijakan WFH 75%.
Dari pasar regional pagi ini, Nikkei dibuka -0.42% % dan Kospi +0.10%. IHSG diperkirakan bergerak flat cenderung melemah, seiring dengan minimnya sentimen dan turunnya harga komoditas. Selain itu, investor kemungkinan memilih menunggu data Markit Manufacturing PMI dan inflasi Indonesia yang akan rilis hari Kamis ini.
DAILY RESEARCH
PTBA: Menjaga Produksi 30 Juta Ton
29 June 2021
Highlights
Equity Research│29 June 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-Mar-20 1-Apr-20 1-May-20 1-Jun-20 1-Jul-20 1-Aug-20 1-Sep-20 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21 1-Apr-21 1-May-21 1-Jun-21
0 10 20 30 40 50 60 70 80
1-Mar-20 1-Apr-20 1-May-20 1-Jun-20 1-Jul-20 1-Aug-20 1-Sep-20 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21 1-Apr-21 1-May-21 1-Jun-21
40 50 60 70 80 90 100 110 120 130 140
1-Mar-20 1-Apr-20 1-May-20 1-Jun-20 1-Jul-20 1-Aug-20 1-Sep-20 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21 1-Apr-21 1-May-21 1-Jun-21
1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000
12,000 14,000 16,000 18,000 20,000 22,000
1-Mar-20 1-Apr-20 1-May-20 1-Jun-20 1-Jul-20 1-Aug-20 1-Sep-20 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21 1-Apr-21 1-May-21 1-Jun-21
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 %
6/28/2021 2,135,998 0.98 20,694 - 1,859,961 9,480 57,561 423 218,476 89.77 6/27/2021 2,115,304 1.02 21,342 - 1,850,481 8,024 57,138 409 207,685 90.18 6/26/2021 2,093,962 1.02 21,095 11.78 1,842,457 7,396 56,729 358 194,776 90.70 6/25/2021 2,072,867 0.92 18,872 (8.27) 1,835,061 8,557 56,371 422 181,435 91.25 6/24/2021 2,053,995 1.01 20,574 34.40 1,826,504 9,201 55,949 355 171,542 91.65 6/23/2021 2,033,421 0.76 15,308 12.00 1,817,303 7,167 55,594 303 160,524 92.11 6/22/2021 2,018,113 0.68 13,668 (5.97) 1,810,136 8,375 55,291 335 152,686 92.43
Average 18,793 8,314 372 91.16
Source: SSI Research, Bloomberg
Equity Research│29 June 2021
PTBA: Menjaga Produksi 30 Juta Ton
Manajemen memastikan terus menjaga performa demi mengejar target produksi 30 juta ton. Selain fokus pada produksi batubara, PTBA mendorong penyelesaian proyek PLTU Sumsel 8. PTBA memproyeksikan Sumsel 8 mulai berkontribusi di kuartal I-2022. (Kontan)
Comment:
Kami menilai bahwa di tengah momentum penguatan harga batubara saat ini, strategi untuk mendorong produksi merupakan langkah yang baik bagi PTBA untuk meningkatkan pendapatan. Faktor cuaca yang mendukung kami perkirakan akan mendorong produksi pada 2Q21 mendatang. Selain itu, Sumsel8 yang ditargetkan akan menyerap 5.4 juta ton batubara tiap tahunnya, menjadi katalis positif bagi PTBA tahun depan.
SSI memproyeksikan produksi batubara PTBA periode FY21-22F di angka 29.4-32.2 juta ton (2019: 24.8 juta ton).
Harga batubara telah menguat 61.9% secara YTD2021, menembus level USD 130/ton. PTBA: BUY: 8.1x PE '21E,
1.1x PBV '21E, TP: IDR 2,900
Equity Research│29 June 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 10.6 30,275 40,500 37,318 33.8 27.5 23.5 4.0 3.7 14.7 15.7
BBRI BUY 6.9 3,930 5,300 4,990 34.9 25.0 14.8 2.6 2.3 10.3 15.8
BMRI BUY 3.8 5,700 8,000 7,959 40.4 15.5 11.2 1.4 1.4 9.1 12.1
BBNI BUY 1.2 4,580 8,500 7,185 85.6 28.6 6.6 0.8 0.6 2.6 9.7
BBTN BUY 0.2 1,335 2,300 2,126 72.3 8.8 5.5 0.7 0.6 8.1 11.4
BNLI SELL #N/A N/A 1,910 1,376 2,400 -28.0 35.4 32.9 2.1 2.0 0.1 0.1
Average 17.6 7.8 1.0 0.9 6.6 11.1
Consumer (Staples)
ICBP BUY 1.3 7,975 12,000 11,762 50.5 13.8 13.6 3.1 2.7 22.3 19.9
INDF BUY 0.8 6,000 9,500 8,883 58.3 10.8 10.9 1.3 1.2 11.9 11.0
KLBF BUY 0.9 1,375 1,750 1,770 27.3 23.3 21.2 3.7 3.4 16.0 16.0
UNVR BUY 2.7 5,025 7,900 6,742 57.2 26.7 26.4 39.0 38.4 145.7 145.0
SIDO BUY 0.3 720 970 926 34.7 23.2 19.9 6.7 6.3 29.1 31.5
Average 19.5 18.4 10.8 10.4 45.0 44.7
Cigarette
HMSP BUY 2.0 1,205 1,460 1,254 21.2 16.3 16.5 4.6 4.6 28.5 28.1
GGRM HOLD 1.1 40,750 44,400 37,431 9.0 9.3 9.0 1.3 1.3 14.2 13.9
Average 12.8 12.7 3.0 2.9 21.4 21.0
Healthcare
MIKA BUY 0.6 2,770 3,500 3,224 26.4 46.5 43.8 8.1 7.3 17.5 16.8
SILO HOLD 0.2 8,375 9,100 9,133 8.7 598.2 253.8 2.3 2.3 0.4 0.9
HEAL HOLD 0.2 5,425 5,700 6,071 5.1 49.8 43.1 6.6 5.8 13.3 13.5
Average 231.5 113.5 5.7 5.1 10.4 10.4
Poultry
CPIN BUY 1.4 6,025 7,300 7,225 21.2 34.2 26.3 4.7 4.3 13.7 16.4
JPFA BUY 0.3 1,740 2,400 2,493 37.9 21.8 11.4 1.8 1.5 8.0 13.1
MAIN BUY 0.0 715 890 1,089 24.5 n/a 10.5 0.8 0.7 -0.9 6.8
WMUU BUY 0.0 155 370 370 138.7 #DIV/0! 6.5 #DIV/0! 1.5 #DIV/0! 23.1
Average 28.0 16.1 2.4 2.2 7.0 12.1
Retail
MAPI BUY 0.2 660 975 941 47.7 n/a 18.3 2.0 4.2 -10.4 23.1
RALS BUY 0.1 655 900 793 37.4 n/a 13.9 1.1 1.1 -1.5 7.7
ACES BUY 0.3 1,300 1,900 1,697 46.2 27.7 20.3 4.5 4.0 16.1 19.6
LPPF SELL 0.1 1,835 1,100 1,296 -40.1 n/a 14.2 3.1 4.9 -35.0 34.1
Average 27.7 17.5 2.5 3.1 1.4 16.8
Pulp and Paper
INKP SELL 0.6 7,450 7,000 N/A -6.0 8.6 10.3 0.7 0.6 7.6 6.0
Average 8.6 10.3 0.7 0.6 7.6
Media
MNCN BUY 0.2 900 1,400 1,438 55.6 5.5 5.0 0.8 0.7 14.9 14.3
SCMA BUY 0.4 1,680 2,200 2,044 31.0 21.0 19.1 5.1 4.5 24.4 23.7
Average 13.2 12.0 3.0 2.6 19.6 19.0
Telco
EXCL BUY 0.4 2,630 3,000 3,166 14.1 75.1 38.1 1.5 1.4 1.9 3.8
ISAT BUY 0.5 5,650 7,250 7,016 28.3 n/a 65.7 2.4 0.3 -5.6 0.4
TLKM BUY 4.5 3,170 4,050 4,195 27.8 15.1 14.0 2.6 2.5 17.2 17.7
Average 45.1 39.3 2.1 1.4 4.5 7.3
Telco Retail
ERAA BUY 0.2 675 1,625 743 140.7 3.6 2.9 0.4 0.3 11.0 11.9
Telco Infra
Stock Rec.
Equity Research│29 June 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 2.7 4,710 6,750 6,722 43.3 10.6 9.6 1.0 0.9 9.0 9.6
Average 10.6 9.6 1.0 0.9 9.0
Mining Contracting
UNTR BUY 1.1 20,400 31,000 27,944 52.0 11.0 8.1 1.2 1.1 11.2 13.8
Average 11.0 8.1 1.2 1.1 11.2
Aviation
GIAA #VALUE! 0.1 #N/A N/A 650 455 #VALUE! #VALUE! #VALUE! #VALUE! ###### 17.5 16.9
Average #VALUE! #VALUE! #VALUE! ###### 17.5
Property
BSDE BUY 0.3 955 1,350 1,473 41.4 14.3 10.7 0.6 0.5 4.0 4.9
PWON BUY 0.3 450 530 621 17.8 34.6 12.2 0.9 1.5 2.6 12.1
ASRI SELL 0.0 158 130 220 -17.7 12.2 5.6 0.3 0.3 2.3 4.7
LPKR SELL 0.2 159 140 205 -11.9 n/a n/a 0.4 0.4 -0.5 -0.2
SMRA BUY 0.2 790 1,200 1,057 51.9 46.5 27.2 1.6 1.5 3.4 5.4
CTRA BUY 0.2 885 1,100 1,340 24.3 21.1 16.4 1.1 1.0 5.1 6.2
Average 25.7 14.4 0.8 0.9 2.8 5.5
Industrial Estate
SSIA BUY 0.0 442 700 632 58.4 n/a 40.2 0.5 0.5 -1.6 1.3
DMAS BUY 0.1 194 250 274 28.9 12.9 11.4 1.2 1.4 9.6 12.7
KIJA SELL 0.1 172 150 N/A -12.8 15.6 13.2 0.6 0.4 4.0 3.4
Average 14.3 21.6 0.8 0.8 4.0 5.6
Construction
PTPP BUY 0.1 880 1,900 1,553 115.9 40.0 7.2 0.4 0.4 0.9 4.9
ADHI BUY 0.0 740 1,800 1,345 143.2 30.8 7.2 0.5 0.4 1.5 6.1
WSKT BUY 0.2 840 1,400 1,251 66.7 n/a n/a 0.7 0.8 -44.6 -7.4
WIKA BUY 0.1 955 1,400 1,672 46.6 9.9 6.5 0.5 0.5 5.0 7.1
Average 26.9 6.9 0.5 0.5 -9.3 2.6
Cement
INTP BUY 0.6 10,450 16,250 16,013 55.5 29.0 24.1 1.7 1.7 5.8 6.9
SMGR BUY 0.8 9,325 13,050 13,363 39.9 24.5 19.7 1.5 1.5 6.3 7.4
Average 26.8 21.9 1.6 1.6 6.1 7.2
Precast
WSBP BUY 0.1 150 230 243 53.3 13.6 4.1 0.4 0.4 2.9 8.9
WTON BUY 0.0 230 450 414 95.7 20.9 6.2 0.6 0.6 2.9 8.9
Average 17.3 5.1 0.5 0.5 2.9 8.9
Oil and Gas
PGAS BUY 0.3 990 1,700 1,486 71.7 18.0 14.1 0.6 0.6 3.3 4.1
AKRA BUY 0.2 3,050 4,000 4,067 31.1 13.3 12.1 1.4 1.3 10.6 11.0
MEDC BUY 0.2 650 1,090 869 67.7 n/a 8.9 1.0 0.9 -9.9 9.7
Average 15.6 11.7 1.0 0.9 1.3 8.3
Chemical
TPIA HOLD 2.5 9,750 10,250 8,950 5.1 672.4 112.1 6.7 6.7 1.0 6.0
BRPT BUY 1.2 860 1,150 1,034 33.7 179.7 109.8 4.6 4.6 2.5 4.2
ESSA SELL 0.1 352 225 540 -36.1 n/a n/a 2.4 1.2 -20.0 -0.5
Average 426.1 111.0 4.6 4.2 -5.5 3.2
Utilities
JSMR BUY 0.3 3,300 5,000 5,406 51.5 50.0 16.6 1.0 0.9 2.0 5.6
Metal
ANTM BUY 0.8 2,240 3,230 3,396 44.2 36.1 22.0 2.8 2.6 7.7 11.7
MDKA SELL 0.9 2,880 2,030 3,105 -29.5 n/a 15.7 10.5 11.4 15.7 72.9
INCO BUY 0.6 4,510 6,730 6,269 49.2 31.1 31.1 1.6 1.5 5.0 5.0
TINS BUY 0.2 1,410 1,775 1,633 25.9 n/a 1602.3 2.0 2.4 -4.2 0.1
Average 33.6 417.7 4.2 4.5 6.1 22.4
Stock Rec.
Equity Research│29 June 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 SELL 0.2 14,375 13,550 16,771 -5.7 9.9 9.9 1.4 1.7 14.3 16.7
ADRO BUY 0.6 1,235 1,530 1,625 23.9 8.5 8.5 0.7 0.8 8.5 8.8
PTBA BUY 0.3 2,010 2,800 2,849 39.3 9.4 8.1 1.4 1.1 14.6 14.2
Average 9.3 8.8 1.2 1.2 12.5 13.2
Plantation
AALI BUY 0.2 7,575 13,800 13,090 82.2 21.8 13.8 0.8 0.7 3.5 5.3
LSIP BUY 0.1 990 1,730 1,576 74.7 9.7 7.9 0.7 0.7 7.1 8.3
TBLA BUY 0.1 795 980 1,190 23.3 6.6 5.3 0.7 0.7 11.0 12.2
SIMP SELL 0.1 430 388 N/A -9.8 39.1 25.3 0.5 0.5 1.2 1.8
SSMS BUY 0.1 825 1,500 1,377 81.8 24.3 10.4 1.8 1.6 7.4 15.0
Average 20.3 12.6 0.9 0.8 6.0 8.5
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Stock Rec.
Equity Research│29 June 2021
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
World 3,025 0.28 0.01 0.80 1.54 7.60 12.46 39.00 3,027 2,149
U.S. (S&P) 4,291 9.91 0.23 1.56 2.06 7.95 14.23 42.59 4,292 3,000
U.S. (DOW) 34,283 (150.57) (0.44) 1.20 (0.71) 3.66 12.01 37.05 35,092 24,971
Europe 4,090 (30.75) (0.75) (0.55) 0.48 5.33 15.12 26.54 4,166 2,921
Emerging Market 1,381 1.32 0.10 2.53 1.48 5.40 6.94 38.93 1,449 989
FTSE 100 7,073 (63.10) (0.88) 0.15 0.72 5.00 9.48 13.61 7,218 5,526
CAC 40 6,558 (64.85) (0.98) (0.67) 1.14 9.02 18.13 32.61 6,687 4,513
Dax 15,554 (53.79) (0.34) (0.31) 0.22 4.97 13.38 27.16 15,803 11,450
Indonesia 5,939 (82.93) (1.38) (0.95) 1.55 (3.69) (0.66) 21.17 6,505 4,755
Japan 29,048 (18.16) (0.06) 3.70 (0.35) (1.15) 5.84 32.07 30,715 21,710
Australia 7,307 (0.76) (0.01) 0.99 1.78 7.47 10.93 25.66 7,406 5,763
Korea 3,302 (0.95) (0.03) 1.16 3.55 8.76 14.91 57.72 3,316 2,088
Singapore 3,127 5.28 0.17 0.29 (1.62) (1.53) 9.95 21.47 3,237 2,421
Malaysia 1,545 (14.97) (0.96) (1.75) (3.12) (4.13) (5.07) 3.36 1,696 1,452
Hong Kong 29,268 (19.92) (0.07) 2.74 0.49 3.28 7.48 20.44 31,183 23,124
China 3,606 (1.19) (0.03) 2.19 0.16 4.98 3.84 21.77 3,732 2,952
Taiwan 17,591 87.98 0.50 3.09 4.27 6.77 19.40 52.40 17,709 11,501
Thailand 1,579 (3.50) (0.22) (1.37) (0.18) (0.30) 8.96 18.76 1,643 1,187
Philipines 6,938 (12.55) (0.18) 1.62 3.95 5.00 (2.83) 13.64 7,432 5,692
1D 1D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 136.40 (1.73) (1.73) 0.37 4.48 138.80 131.72
Inflation Rate (yoy, %) 1.68 1.96 1.32
Gov Bond Yld (10yr, %) 6.57 (9.24) 7.25 5.86
US Fed Rate (%) 0.25 0.25 0.25
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Indonesia 14,445 20.00 (0.14) (0.12) (1.11) 0.00 (2.73) (1.38) 14,950 13,865
Japan 110.61 (0.02) 0.02 0.04 (0.93) (0.72) (6.65) (2.74) 111.12 102.59
UK 1.39 (0.00) (0.04) (0.51) (2.35) 0.84 1.52 12.85 1.42 1.23
Euro 1.19 0.00 0.03 (0.10) (2.45) 1.39 (2.36) 6.10 1.23 1.12
China 6.46 0.00 (0.01) 0.16 (1.36) 1.76 1.09 9.67 7.08 6.36
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 74.68 (1.50) (1.97) (0.29) 7.25 15.66 44.17 82.06 76.60 35.74
CPO 3,506 (14.00) (0.40) 3.39 (12.57) (5.04) (2.61) 48.06 4,468 2,277
Rubber 908.50 (1.50) (0.16) (0.55) (16.00) (20.66) (3.09) 11.13 1,262.50 767.50
Coal 128.55 (2.55) (1.95) 4.26 8.12 34.75 59.69 137.18 131.00 47.50
Tin 33,027 608.00 1.88 4.11 0.08 18.55 60.76 95.10 34,510 16,835
Nickel 18,299 (224.00) (1.21) 4.87 1.03 11.65 10.15 44.27 20,110 12,565
Copper 9,388 (25.50) (0.27) 2.27 (8.48) 4.75 20.89 57.60 10,748 5,925
Gold 1,777 (3.00) (0.17) 0.02 (6.61) 3.77 (6.14) 0.11 2,074 1,673
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
Equity Research│29 June 2021
Research Team
Suria Dharma Head of Equity Research, Strategy, Banking,
Consumer Staples suria.dharma@samuel.co.id +6221 2854 8148
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 8346
Ahmad Fadillah Oil & Gas ahmad.fadillah@samuel.co.id +6221 2854 8144
Calista Muskitta Research Associate calista.muskitta@samuel.co.id +6221 2854 8331
Adolf Richardo Editor, Translator adolf.richardo@samuel.co.id +6221 2854 8396
Equity Institutional Team
Benny Bambang Soebagjo Head of Institutional Equity Sales benny.soebagjo@samuel.co.id +6221 2854 8312 Ronny 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
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
Julio Simangunsong Fixed Income Sales julio.natanael@samuel.co.id +6221 28548384
Thita Rossiana Putri Admin & Sales Support Fixed Income Thita.rossiana@samuel.co.id +62-21 2854 8385
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
Wahyu Widodo Marketing wahyu.widodo@samuel.co.id +6221 2854 8371
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.
