Jumat, 10 Juni 2016
L A P O R A N H A R I A N
Daily Report dapat dilihat di website BNI Securities : www.bnisecurities.co.id
RESEARCH
PERKIRAAN PASAR HARI INI
Indeks
Global
Melemah,
IHSG
Berpeluang
Mengikuti Tren
Indeks Dow Jones ditutup melemah 0,11% ke level 17.985 pada perdagangan Kamis (9/6) kemarin, diikuti pelemahan S&P 500 ke level 2.115 (-0,17%). Pelemahan bursa didorong penurunan beberapa saham seperti Caterpilar, Goldman, dan America Express. Data awal untuk klaim pengangguran menunjukkan penurunan sebesar 4.000 pekerja pada minggu pertama bulan Juni. Harga minyak dunia ditutup melemah tipis ke level USD 50,51/barrel, sedangkan harga kontrak futures untuk emas menguat 0,82%.. Di Eropa, indeks ditutup di teritori negatif, seperti yang terlihat pada penurunan Euro Stoxx 50 sebesar 1,02%. Hal ini disebabkan oleh penurunan saham-saham berbasis energi. Di Asia, NIKKEI Jepang ditutup melemah 0,97%, didorong pelemahan saham berbasis finansial setelah harga obligasi global mencatatkan penurunan yield serta melemahnya saham berbasis ekspor akibat penguatan Yen. Bursa Cina ditutup dalam rangka merayakan Dragon Boat Festival.
IHSG ditutup melemah 0,8% ke level 4.876 akibat melemahnya saham sektor konsumer (-1,27%) dan finansial (-1,3%). Namun, saham sektor pertambangan mencatatkan penguatan sebesar 2,5%. Meskipun demikian, investor asing masih mencatakan net buy sebesar Rp 410,84 miliar pada perdagangan kemarin. Sedangkan nilai tukar Rupiah terhadap Dolar AS melemah ke level Rp 13.287/USD (-0,14%). Kami menilai dengan turunnya berbagai indeks global pada perdagangan kemarin, IHSG masih berpotensi melanjutkan pelemahan pada hari ini.
Analyst: Richard Jerry (richard@bnisecurities.co.id)
PERKEMBANGAN INDUSTRI / PERUSAHAAN
PTPP Bidik Proyek Konstruksi Jalan Tol. BUY. Analyst:Maxi Liesyaputra.
Perkembangan pabrik baru DPUM sudah mencapai 80%.
BUY. Analyst: Dessy Lapagu. Penutupan Perubahan %Prb %Ytd P/E
Americas INDU Index 17,985.19 -19.86 -0.11 3.21 17.07 SPX Index 2,115.48 -3.64 -0.17 3.50 19.58 CCMP Index 4,958.62 -16.026 -0.32 (0.97) 30.92 IBOV Index 51,118.46 -510.83 -0.99 17.92 87.96 EMEA UKX Index 6,231.89 -69.63 -1.10 (0.17) 46.74 CAC Index 4,405.61 -43.12 -0.97 (4.99) 22.42 RTSSTD Index 12,694.83 -113.86 -0.89 9.08 8.12 IBEX Index 8,769.50 -61.9 -0.70 (8.12) 22.92 FTSEMIB Index 17,763.88 -145.82 -0.81 (17.06) 3.88 AEX Index 446.10 -4.05 -0.90 0.97 29.26 SMI Index 8,076.35 -67.41 -0.83 (8.41) 27.10 Asia / Pacific NKY Index 16,584.18 -84.23 -0.51 (12.87) 19.77 HSI Index 21,297.88 -30.36 -0.14 (2.81) 10.69 SHCOMP Index 2,927.16 -8.886 -0.30 (17.29) 16.13 TWSE Index 8,715.48 35.58 0.41 4.53 15.45 KOSPI Index 2,017.84 -6.33 -0.31 2.88 17.05 JCI Index 4,876.79 -39.267 -0.80 6.18 24.20 SET Index 1,435.65 -9.89 -0.68 11.46 19.60 PCOMP Index 7,536.65 -186.14 -2.41 8.41 22.21 SENSEX Index 26,763.46 -257.2 -0.95 2.47 20.21 FSSTI Index 2,843.80 -18.58 -0.65 (1.35) 11.95
Deskripsi Terakhir Sebelumnya %Prb
Kapitalisasi Pasar (IDR Triliun) 5,182.96 5,224.51 -0.80 Volume Transaksi (Juta Saham) 4,347.00 3,726.03 16.67 Nilai Transaksi (IDR Juta) 4,263.00 4,745.91 -10.18 Nilai/ saham (IDR) 980.68 1,273.72 -23.01 Net Asing (IDR Juta) 410,843.25 (54,507.75) -853.73
Komoditas Terakhir Sebelumnya %Prb
Nikel/Nickel (US$/Ton) 8,935.00 8,960.00 -0.28 Tembaga/Copper (US$/Ton) 4,515.00 4,578.00 -1.38 Timah/Tins (US$/Ton) 17,025.00 17,090.00 -0.38 Minyak/Oil (US$/BBL) (*) 50.56 51.23 -1.31 Gas (US$/MMBTU) 2.03 2.04 -0.27 Batu Bara/Coal (US$/Ton) (**) 52.95 53.40 -0.84 Emas/Gold (USD/OZ) 1,266.47 1,269.75 -0.26 CPO PALMROTT(USD/ton) 680.00 685.00 -0.73 CPO MALAYSIA(RM/ton) 2,619.50 2,667.50 -1.80 (*) WTI Cushing
(**) McCloskey Newscatle
ADR Stocks Bloomberg Terakhir % Konversi Terakhir (Rp)
(US$) Prb (Rp)
Saham Kode Last (US$) %Change Conv (Rp) Last (Rp) Telkom TLK US 57.33 -0.33 19,089.45 3,770.00
Saham Pilihan Hari Ini Rekomendasi TP (Rp)
Property and Real Estate Sector NEUTRAL -Infrastructure Sector OVERWEIGHT
-Cement Sector NEUTRAL
-Banking Sector NEUTRAL
-Telecommunication Sector OVERWEIGHT -Tower (Telecommunication) Sector OVERWEIGHT -Oil & Gas Sector OVERWEIGHT -Metal Mining Sector NEUTRAL -Coal Mining Sector NEUTRAL
-Palm Oil Sector NEUTRAL
-Consumer Sector - FMCG NEUTRAL -Consumer Sector - Cigarette NEUTRAL -Pharmaceutical Sector OVERWEIGHT -Healthcare Sector OVERWEIGHT -Transportation Sector NEUTRAL -Automotive Sector NEUTRAL
-Poultry Sector NEUTRAL
-Crops Sector OVERWEIGHT
-Fishery Sector OVERWEIGHT
Jumat, 10 Juni 2016
L A P O R A N H A R I A N
Daily Report dapat dilihat di website BNI Securities : www.bnisecurities.co.id
RESEARCH
RINGKASAN BERITA
PT Adi Sarana Armada Tbk (ASSA) akan membagikan dividen tunai
kepada pemegang sahamnya pada 30 Juni 2016 sebesar Rp4 per saham.
PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) menawarkan
obligasi berkelanjutan III dengan tingkat bunga tetap tahap I 2016 dengan jumlah pokok Rp1 triliun.
PT Pembangunan Jaya Ancol Tbk (PJAA) meraih kenaikan tajam
laba pada 1Q16 menjadi Rp48,63 miliar dibandingkan laba periode sama tahun sebelumnya yang hanya sebesar Rp8,31 miliar.
Golden Legacy Pte Ltd, anak usaha PT Sri Rejeki Isman Tbk (SRIL) memberikan bunga sebesar 8,25% per tahun dalam rangka penerbitan surat utang dalam denominasi dolar AS senilai US$350.000.000.
PT Barito pasific Tbk (BRPT) tahun ini membidik pendapatan bersih
hingga US$2,05 miliar.
PT Colorpak Indonesia Tbk (CLPI) akan membagikan dividen
sebesar US$ 910.162 ke pemegang saham. Rencana tersebut telah disetujui dalam Rapat Umum Pemegang Saham Tahunan (RUPST). PT Timah Tbk (TINS) mengeluarkan biaya eksplorasi di darat dan di
laut pada bulan Mei 2016 sebesar Rp43.978.033.762.
PT Metrodata Electronics Tbk (MTDL) mengincar pertumbuhan
bisnis 11,5% atau setara Rp 11,1 triliun sampai akhir tahun ini. Perusahaan yang berkecimpung di bisnis produk teknologi informasi (TI) ini tengah berupaya memperluas jaringan distribusi.
PT PP Tbk (PTPP) melakukan pembelian aset berupa tanah dan
bangunan yang terletak di Jalan Soekarno-Hatta Bandung.
PT Kabelindo Murni Tbk (KBLM) akan melakukan divestasi anak
usahanya dengan melepas sebanyak 30.680 lembar saham PT Hotelindo Murni atau setara dengan 98,33% dari seluruh saham PT Hotelindo Murni.
PT Bumi Serpong Damai Tbk (BSDE) akan memberikan bunga
obligasi berkelanjutan II Tahap I tahun 2016 antara 9,00% - 9,25%.
PT Ateliers Mecaniques D'Indonesie Tbk (AMIN) alias Atmindo
membagikan dividen sebesar Rp 8,64 miliar atar setara dengan Rp 8 per saham.
PT Bank Victoria International Tbk (BVIC) meluncurkan layanan
internet dan mobile banking untuk memberikan kemudahan bagi para nasabah, maupun pengembangan bisnis bank.
(Sumber : IQplus, Kontan, Indonesia Finance Today)
No Stock Top Value (IDR)
1 TLKM IJ 427,185,600,000
2 ANTM IJ 230,305,800,000
3 ADHI IJ 179,668,700,000
4 BBCA IJ 175,406,600,000
5 BBRI IJ 148,949,700,000
No Stock Top Volume (Shares)
1 BUMI IJ 428,429,100.00
2 ANTM IJ 325,910,000.00
3 DOID IJ 266,318,900.00
4 ADRO IJ 146,643,500.00
5 MLPL IJ 146,178,100.00
No Top Gainers % change
1 MLPT IJ 24.75
2 KARW IJ 13.25
3 INAF IJ 11.43
4 YULE IJ 11.39
5 TMPO IJ 10.38
No Top Losers % change
1 BMSR IJ -10
2 BSWD IJ -9.65
3 TFCO IJ -9.55
4 BRAM IJ -9.52
5 SKBM IJ -9.23
No Leading Movers % change
1 ADRO IJ 6.32
2 ANTM IJ 8.96
3 INCO IJ 4.83
4 PTBA IJ 4.25
5 ADHI IJ 6.95
No Lagging Movers % change
1 BBRI IJ -2.58 2 HMSP IJ -1.44 3 BMRI IJ -2.37 4 UNVR IJ -1.26 5 GGRM IJ -2.05 1,590 4,270 6,950 9,630 12,310 14,990 3,000 3,500 4,000 4,500 5,000 5,500 6,000
1-Jan 11-Mar 20-May 29-Jul 7-Oct 16-Dec 24-Feb 5-May 14-Jul Volume (RHS) (Bn Shares) JCI (LHS)
Jumat, 10 Juni 2016
L A P O R A N H A R I A N
Daily Report dapat dilihat di website BNI Securities : www.bnisecurities.co.id
RESEARCH
PERKEMBANGAN INDUSTRI / PERUSAHAAN
PT PP (PTPP) Bidik Proyek Konstruksi Jalan Tol
Berita:PTPP bersama konsorsium BUMN telah memenangkan tiga ruas jalan tol, yaitu Manado - Bitung (39,9 km), Balikpapan - Samarinda ((99,35 km) dan Pandaan - Malang (37,62 km). Perseroan bersama konsorsium BUMN telah membentuk perusahaan patungan Badan Usaha Jalan Tol untuk ketiga ruas tersebut dengan menyetor dana penyertaan modal sejumlah Rp 51,5 miliar. Pandangan analis:
Keberhasilan PTPP bersama konsorsium BUMN dalam meraih proyek jalan tol akan meningkatkan kinerja perseroan, di antaranya dalam penambahan perolehan kontrak baru. Penamabahan panjang jalan tol di Indonesia sesuai dengan rencana pemerintah Indonesia untuk terus meningkatkan pembangunan infrastruktur, di antaranya pembangunan jalan tol. Terlebih panjang jalan tol di Indonesia masih di bawah 1.000 km, jauh lebih rendah dibandingkan Malaysia yang telah mencapai sekitar 3.000 km. Rekomendasi: BUY dengan target harga konsensus Rp 4.500 per saham.
Analyst: Maxi Liesyaputra (maxi@bnisecurities.co.id)
PERKEMBANGAN INDUSTRI / PERUSAHAAN
Perkembangan Pabrik Baru DPUM Sudah Mencapai 80%
Pandangan analis:Kami melakukan site visit ke Pati, Jawa Tengah pada tanggal 8 Juni 2016 lalu memantau perkembangan pabrik baru DPUM yang merupakan hasil dari pendanaan IPO tahun 2015 lalu. Pabrik baru yang berlokasi bersebelahan langsung dengan pabrik lama ini sudah mencapai tahap 80% dan diharapkan dapat dibuka secara resmi pada bulan Agustus 2016. Cold storage yang terpasang menambah kapasitas yang awalnya sebesar 4.000 ton menjadi total 25.000 ton. Kapasitas yang baru ini nantinya akan mendukung permintaan produksi DPUM yang saat ini semakin meningkat. Hingga saat ini komposisi ekspor DPUM masih 20% dan hingga akhir tahun 2016 ini diharapkan dapat meningkat hingga 40% didukung oleh pabrik baru tersebut. Saat ini DPUM diperdagangkan dengan PE 28.9x dan PBV 4.5x. Sementara harga saham telah terapresiasi sebesar +28.33% secara YTD. Rekomendasi: BUY dengan TP Rp1,500 per lembar saham hingga akhir tahun 2016.
Jumat, 10 Juni 2016
L A P O R A N H A R I A N
RESEARCH
TARGET HARGA SAHAM
Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share) Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016
Banking
BBCA IJ Equity 318,050 9.27 18.71 3.87 6.91 9.77 21.86 -9.31 50.84 BUY 16,000
BBNI IJ Equity 86,996 -15.74 11.26 1.56 n.a. 47.50 13.38 -26.39 40.00 NOT RATED
-BBRI IJ Equity 250,392 4.98 11.63 2.61 1.86 60.64 24.15 -13.94 43.25 BUY 13,500
BMRI IJ Equity 218,750 2.33 10.76 1.88 3.16 48.30 18.51 -15.35 40.00 BUY 11,400
BBTN IJ Equity 18,374 62.04 8.20 1.10 0.55 173.70 14.18 41.42 39.94 HOLD 1,800
BJBR IJ Equity 8,775 23.38 6.20 1.10 n.a. 120.27 18.67 4.31 25.00 BUY 990
BJTM IJ Equity 7,086 -5.81 5.74 1.03 n.a. 21.34 14.34 3.19 20.00 BUY 495
Average 129,775 11.49 10.36 1.88 3.12 68.79 17.87 -2.29
Cement
INTP IJ Equity 72,612 -17.65 16.29 3.25 n.a. 0.51 17.99 -4.62 35.97 HOLD 17,400
SMGR IJ Equity 60,946 -18.68 16.12 3.42 2.08 14.58 17.92 -23.39 48.99 HOLD 10,850
SMBR IJ Equity 4,968 5.88 13.76 0.87 n.a. 0.00 12.58 17.03 23.76 HOLD 334
SMCB IJ Equity 8,391 n.a. 29.07 2.18 n.a. 70.63 2.06 -28.68 19.36 HOLD 1,020
Average 36,729 -10.15 18.81 2.43 -8.87 0.20 13.75 -9.91
Telecommunication
TLKM IJ Equity 369,936 6.51 17.57 4.02 1.29 35.66 21.68 18.71 48.81 HOLD 3,900
ISAT IJ Equity 35,321 34.77 131.40 2.33 0.37 138.43 -10.04 44.78 20.71 HOLD 5,400
EXCL IJ Equity 30,012 96.84 157.23 2.36 0.61 197.65 -0.18 -8.05 33.57 BUY 4,200
Average 145,089 46.04 102.07 2.90 0.76 123.91 3.82 18.48
Transportation
GIAA IJ Equity 11,951 n.a. 10.28 0.80 n.a. 142.56 8.51 -10.57 14.86 BUY 425
BIRD IJ Equity 10,822 -1.98 15.00 3.48 n.a. 56.89 31.46 -41.65 15.05 HOLD 7,800
TAXI IJ Equity 429 -72.69 2.80 0.29 n.a. 195.68 2.26 -78.37 49.00 SELL 160
SOCI IJ Equity 3,374 -14.71 6.81 1.15 n.a. 71.97 17.66 -11.07 15.00 BUY 825
WINS IJ Equity 719 n.a. 6.95 0.58 n.a. 56.45 0.46 -68.99 42.25 HOLD 225
Average 5,459 -29.79 8.37 1.26 #DIV/0! 104.71 12.07 -42.13
Automotive
ASII IJ Equity 291,482 -24.68 14.09 1.97 0.88 55.83 14.64 -12.60 49.85 BUY 7,000
IMAS IJ Equity 5,406 45.75 42.83 1.32 n.a. 198.67 -2.52 -52.30 10.46 HOLD 3,000
Average 148,444 10.53 28.46 1.64 -13.03 1.53 12.23 -32.45
Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share) Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016
Construction
WIKA IJ Equity 16,357 2.78 23.90 3.79 0.86 64.55 15.13 -24.82 34.87 HOLD 3,180
ADHI IJ Equity 10,059 30.85 10.77 1.98 1.17 55.57 13.66 3.78 74.20 BUY 2,645
PTPP IJ Equity 17,893 39.09 24.56 6.19 0.86 64.79 22.05 2.27 45.72 BUY 4,420
WSKT IJ Equity 30,945 78.26 35.06 5.86 0.92 79.82 16.91 16.26 33.96 BUY 2,180
TOTL IJ Equity 2,370 16.93 15.56 3.23 n.a. 0.00 24.46 -28.01 33.73 BUY 840
WTON IJ Equity 8,410 -47.28 25.05 3.90 n.a. 20.00 8.00 -20.20 28.10 BUY 1,090
Average 14,339 20.11 22.48 4.16 1.38 0.69 18.75 -8.45
Infrastructure
PGAS IJ Equity 64,240 -33.33 12.48 2.54 n.a. 89.61 13.61 -43.81 43.03 HOLD 3,000
JSMR IJ Equity 35,870 3.14 23.10 3.49 3.02 129.01 14.75 -25.00 29.99 BUY 6,850
Average 50,055 -15.10 17.79 3.02 0.13 1.02 17.73 -34.40
Oil & Gas
MEDC IJ Equity 4,849 n.a. 1048.86 122.06 2.17 120.18 -4.95 -51.53 49.00 HOLD 1,050
ELSA IJ Equity 3,635 -11.84 17.48 1.37 n.a. 28.07 14.67 -32.99 41.08 NOT RATED
RUIS IJ Equity 166 -25.90 5.17 0.66 n.a. 248.80 17.63 -5.27 49.82 NOT RATED
-ENRG IJ Equity 2,455 -78.83 8.44 0.46 n.a. 57.53 -5.56 -43.18 100.00 HOLD 120
Average 2,776 -38.86 269.99 31.14 -0.11 1.47 12.87 -33.25
Property
ASRI IJ Equity 7,742 -45.64 7.92 1.59 n.a. 111.59 9.49 -32.14 48.52 HOLD 380
APLN IJ Equity 5,228 -0.55 7.65 1.06 n.a. 76.63 11.47 -32.05 27.14 HOLD 300
BKSL IJ Equity 2,694 -15.29 12.14 0.53 n.a. 23.37 -1.76 -41.96 76.61 HOLD 90
BSDE IJ Equity 37,050 -46.76 12.83 2.11 n.a. 35.86 12.51 -13.38 35.42 BUY 2,360
CTRA IJ Equity 19,777 -2.71 14.19 2.56 n.a. 35.21 18.51 -9.75 69.50 HOLD 980
CTRP IJ Equity 3,122 -19.31 6.57 0.93 n.a. 53.42 9.93 -44.67 44.70 HOLD 470
CTRS IJ Equity 4,260 14.28 9.20 1.83 n.a. 12.83 22.12 -33.23 38.14 BUY 2,850
BEST IJ Equity 2,865 -45.93 8.18 1.22 n.a. 16.37 6.28 -53.17 41.79 BUY 438
SSIA IJ Equity 3,223 -39.69 9.68 1.59 n.a. 42.09 24.13 -35.75 68.59 BUY 780
MDLN IJ Equity 4,825 23.65 9.27 1.20 n.a. 75.00 15.35 -19.32 76.31 HOLD 450
PWON IJ Equity 24,802 -49.84 10.11 2.96 n.a. 51.91 18.85 -5.03 47.80 BUY 545
LPKR IJ Equity 23,424 -79.06 15.10 1.65 n.a. 65.37 3.35 -21.41 94.75 HOLD 1,320
SMRA IJ Equity 23,011 -38.26 18.15 3.97 1.05 82.31 14.96 -6.76 67.69 BUY 1,830
KIJA IJ Equity 5,352 -15.56 7.10 0.97 n.a. 70.50 7.48 -19.40 68.95 BUY 280
Jumat, 10 Juni 2016
L A P O R A N H A R I A N
Daily Report dapat dilihat di website BNI Securities : www.bnisecurities.co.id
RESEARCH
TARGET HARGA SAHAM
Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share)
Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016
Agriculture
AALI IJ Equity 25,117 -75.28 68.93 2.75 2.69 66.10 5.45 -23.57 20.32 HOLD 20,000
BWPT IJ Equity 9,237 n.a. 15.45 0.02 n.a. 105.11 -1.16 -14.50 27.71 BUY 220
LSIP IJ Equity 11,155 -32.09 13.68 1.26 n.a. 0.00 8.70 8.43 40.41 BUY 1,700
SGRO IJ Equity 3,799 -27.22 9.76 0.77 n.a. 56.02 7.43 5.80 32.95 HOLD 1,540
SIMP IJ Equity 8,541 -69.64 47.31 0.37 n.a. 52.85 1.90 -31.05 21.60 HOLD 450
Average 11,570 -51.06 31.03 1.03 2.69 56.02 4.46 -10.98
Metal
ANTM IJ Equity 16,822 -83.16 14.73 0.50 n.a. 55.20 -9.49 -36.14 74.20 HOLD 420
INCO IJ Equity 18,780 -70.59 11.55 0.64 0.87 7.97 2.79 -45.90 20.49 HOLD 1,850
TINS IJ Equity 6,182 -84.44 232.16 0.74 n.a. 39.37 2.06 -20.01 34.99 BUY 610
Average 13,928 -79.40 86.15 0.63 2.49 0.75 4.91 -34.02
Mining
ADRO IJ Equity 23,030 -14.21 11.56 0.39 1.00 46.74 5.41 -28.61 43.00 BUY 670
HRUM IJ Equity 2,420 n.a. - 0.43 n.a. 0.00 -6.10 -41.33 28.85 HOLD 810
ITMG IJ Equity 8,559 -66.67 7.42 0.73 n.a. 0.00 7.28 -56.32 34.84 HOLD 7,000
PTBA IJ Equity 16,763 9.93 8.59 1.36 2.66 21.77 23.16 -39.87 28.74 HOLD 8,100
Average 12,693 -23.65 6.89 0.73 1.83 17.13 7.44 -41.53
Consumer
UNVR IJ Equity 336,865 -1.29 35.74 39.20 4.96 35.22 122.25 10.40 15.01 BUY 43,500
INDF IJ Equity 61,682 -19.52 19.01 2.74 1.61 64.02 11.33 0.01 49.92 BUY 7,700
ICBP IJ Equity 87,173 13.44 31.60 5.19 n.a. 17.51 20.62 5.26 19.47 BUY 16,700
MYOR IJ Equity 29,759 202.44 23.89 7.18 0.47 106.15 23.84 9.60 66.93 BUY 32,000
AISA IJ Equity 3,701 4.27 22.00 3.10 n.a. 75.41 10.94 -43.44 52.92 BUY 2,150
ROTI IJ Equity 6,682 43.44 48.81 7.94 n.a. 87.01 24.70 5.39 29.25 BUY 1,450
GGRM IJ Equity 131,992 19.04 21.58 2.98 2.05 54.10 18.15 30.22 23.53 HOLD 68,000
Average 93,979 37.40 28.95 9.76 2.27 62.77 33.12 2.49
Market EPS Growth PER PBV PEG DER (x) ROE (%) Total Return % of Free Rec TP (Rp/share)
Capitalization (Bn) 1 Year FY16F FY16F Ratio 1 Year (Current) Float Shares 2016 2016
Pharmaceutical
KLBF IJ Equity 63,281 -2.99 32.65 8.65 3.90 3.65 20.25 -21.72 43.31 BUY 1,700
KAEF IJ Equity 7,165 -2.76 21.16 2.82 n.a. 17.44 14.08 -2.75 9.97 BUY 1,370
Average 35,223 -2.88 26.90 5.74 1.61 0.02 19.35 -12.23
Healthcare
SILO IJ Equity 9,798 -2.01 237.09 9.95 n.a. 1.88 4.14 -45.50 29.18 BUY 16,400
MIKA IJ Equity 36,595 4.28 70.45 20.90 n.a. 0.00 30.13 9.91 18.00 BUY 2,800
Average 23,197 1.13 153.77 15.43 #DIV/0! 0.94 17.13 -17.80
Poultry
CPIN IJ Equity 60,017 n.a. 17.60 4.47 0.89 65.79 n.a. 1.93 44.46 BUY 4,075
JPFA IJ Equity 10,234 37.50 14.30 1.42 n.a. 111.70 9.03 2.56 42.49 BUY 950
MAIN IJ Equity 3,213 29.44 19.71 2.93 n.a. 174.96 -15.85 -23.74 58.73 UNDER REVIEW
-Average 24,488 33.47 17.20 2.94 0.89 117.48 -3.41 -6.41
Crops
BISI IJ Equity 5,040 60.00 19.90 2.67 n.a. 0.00 16.11 36.74 45.92 BUY 1,800
Fishery
DPUM IJ Equity 4,989 n.a. 54.84 4.19 n.a. 227.17 92.44 n.a. 40.12 BUY 1,500
Retail
RALS IJ Equity 4,967 -4.95 28.32 3.10 n.a. 0.00 10.09 -1.57 40.46 HOLD 830
MAPI IJ Equity 6,632 -52.08 26.60 4.26 n.a. 122.89 1.37 -8.57 44.00 HOLD 4,780
Average 5,799 -28.52 27.46 3.68 4.14 0.46 14.85 -5.07
Wholesaler
MPMX IJ Equity 2,115 -42.99 4.20 0.32 n.a. 132.93 9.35 -38.50 27.56 BUY 585
Towers
TOWR IJ Equity 41,118 253.66 30.43 8.30 n.a. 200.33 8.99 9.45 67.28 HOLD 4,500
TBIG IJ Equity 27,220 105.87 23.93 8.10 1.29 1161.70 79.31 -38.52 47.82 HOLD 7,000
Average 34,169 179.76 27.18 8.20 1.29 681.01 44.15 -14.53
Heavy Equipment
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Norico Gaman Maxi Liesyaputra Ariawan Andri Zakarias Siregar
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norico@bnisecurities.co.id Research Department) Research Department) Research Department)
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