:
5,115.1
:
-13.1
-0.26%
:
9,983
Mn shrs
:
8,418
Bn rupiah
Last
Close
+/-
%
BMRI
5,975
200
3.5
EMTK
9,200
1200
15.0
BBCA
29,100
150
0.5
MAYA
6,900
400
6.2
UNVR
7,625
-200
-2.6
TLKM
2,560
-60
-2.3
POLL
5,625
-400
-6.6
SMGR
9,125
-450
-4.7
Foreign Net Buy / Sell (Regular Market)
Net Buy (Rpbn)
Net Sell (Rpbn)
BMRI
111
TLKM
415
BBRI
69
BBNI
118
ASII
38
SMGR
37
MDKA
27
UNVR
27
BBCA
26
UNTR
26
Money Market
Last
Close
+/-
%
USD/IDR
14,640
15.0
-0.1
JIBOR O/N
5.9
0.0
Dual Listing Securities
Last
Close
+/-
%
TLKM
17.4
0.3
1.5
EIDO
18.7
0.4
2.3
Global Indices
Last
Close
+/-
%
DJIA
26,925
423
1.6
S&P 500
3,310
40
1.2
Euro Stoxx
3,020
61
2.1
MSCI World
2,322
29
1.3
STI
2,443
19
0.8
Nikkei
23,295
318
1.4
Hang Seng
24,460
353
1.5
Commodities
Last
Close
+/-
%
Brent Oil
39
1.0
2.7
Coal (ICE)
61
0.6
0.9
CPO Malay
2,902
-27.0
-0.9
Nickel
15,141
-0.5
0.0
Tin
17,769
45.0
0.3
Changes
Changes
Leading Movers
Lagging Movers
Changes
Changes
Changes
Market Value
Market Activity
Monday, 02 Nov 2020
Market Index
Index Movement
Market Volume
DAILY RESEARCH
Summary
Wait and See Pemilu Presiden AS
Semalam bursa AS ditutup menguat: Dow Jones +1.60%, S&P 500
+1.23% dan Nasdaq +0.42%. Data ekonomi AS kian membaik dimana markit
manufacturing PMI final Oktober 53.4 (prev: 53.3; cons: 53.3), ISM
manufacturing new orders 67.9 (prev: 60.2), dan ISM manufacturing PMI
Oktober 59.3 (prev: 55.4; cons: 56.0). Dari benua Eropa markit manufacturing
PMI Oktober berbagai negara juga meningkat: Italy 53.8 (prev: 53.2), Perancis
51.3 (prev: 51.0), Jerman: 58.2 (prev: 58.0) dan Euro Area 54.8 (prev: 54.4).
Dari Asia, perdagangan kemarin beberapa bursa utama Asia ditutup
positif: Nikkei +1.4%, Hang Seng +1.5%, Kospi +1.5% dan Shanghai flat 0.0%.
Sementara IHSG ditutup turun -0.26% ke level 5,115.1 ditengah net sell asing
sebesar IDR 527.3 miliar di pasar reguler. EIDO ditutup naik +2.3%.
Beberapa berita dan sentimen pasar yang dapat dicermati
diantaranya: Pemilu presiden AS yang tengah berlangsung hari ini waktu
setempat. Presiden Jokowi memproyeksi hasil pertumbuhan PDB Indonesia
3Q20 di level -3.0%, sementara proyeksi ekonom SSI pada kisaran -2.5% hingga
-2.8%. Kasus baru Covid-19 dalam negeri Senin diumukan melandai menjadi
2,618 kasus (prev: 2,696 kasus) dengan kesembuhan lebih tinggi yaitu 3,624
kasus sehingga kasus ditutup mencapai 86.6%. Hingga kini Indonesia telah
mencatat total kasus Covid-19 mencapai 415.4 ribu.
Pagi ini Indeks Kospi dibuka dan diperdagangkan di zona positif +1.3%,
sementara Indeks Nikkei libur. Market diperkirakan cenderung wait and see
menunggu hasil pemilu presiden AS.
INTP
:
Ekspansi tambang andesit IDR 200 miliar
BSDE
:
Laba Bersih 3Q20 +156.8% YoY; 9M29 -79.7% YoY
3 November 2020
Equity Research│3 November 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
%
11/2/2020 415,402 0.63 2,618 (2.89) 345,566 3,624 14,044 101 55,792
86.57
11/1/2020 412,784 0.66 2,696 (14.22) 341,942 4,141 13,943 74 56,899
86.22
10/31/2020 410,088 0.77 3,143 8.49 337,801 3,506 13,869 87 58,418
85.75
10/30/2020 406,945 0.72 2,897 (18.74) 334,295 4,517 13,782 81 58,868
85.53
10/29/2020 404,048 0.89 3,565 (11.52) 329,778 3,985 13,701 89 60,569
85.01
10/28/2020 400,483 1.02 4,029 14.46 325,793 3,545 13,612 100 61,078
84.75
10/27/2020 396,454 0.90 3,520 9.25 322,248 4,576 13,512 101 60,694
84.69
Average
3,210
3,985
90
85.50
Source: SSI Research, Bloomberg
COMMODITIES
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 Bleached Softwood Craft Pulp (CNY/MT) Nickel: London Metal Exchange Nickel Future (USD/MT)
4-N ov -1 9 4-D ec -1 9 4-Ja n -2 0 4-Feb -2 0 4-M ar -2 0 4-A pr -2 0 4-M ay -2 0 4-Ju n-20 4-Ju l-2 0 4-A ug -2 0 4-Sep -2 0 4-O ct-2 0 0 10 20 30 40 50 60 70 80 4-N ov -1 9 4-D ec -1 9 4-Ja n -2 0 4-Feb -2 0 4-M ar -2 0 4-Ap r-20 4-M ay -2 0 4-Ju n-20 4-Ju l-2 0 4-A ug -2 0 4-Sep -2 0 4-O ct-2 0 40 45 50 55 60 65 70 75 80 4-N ov -1 9 4-D ec -1 9 4-Ja n -2 0 4-Feb -2 0 4-M ar -2 0 4-Ap r-20 4-M ay -2 0 4-Ju n-20 4-Ju l-2 0 4-Au g-20 4-Sep -2 0 4-O ct-2 0 1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300 3,500 N ov -1 9 D ec -1 9 Ja n -2 0 Feb -2 0 M ar -2 0 A pr -2 0 ay -2 0 Ju n-20 Ju l-2 0 A ug -2 0 Sep -2 0 O ct-2 0 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 N ov -1 9 D ec -1 9 Ja n -2 0 Feb -2 0 M ar -2 0 A pr -2 0 ay -2 0 Ju n-20 Ju l-2 0 A ug -2 0 Sep -2 0 O ct-2 0 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 4-N ov -1 9 4-D ec -1 9 4-Ja n -2 0 4-Feb -2 0 4-M ar -2 0 4-Ap r-20 4-M ay -2 0 4-Ju n-20 4-Ju l-2 0 4-A ug -2 0 4-Sep -2 0 4-Oc t-2 0 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200
Equity Research│3 November 2020
INTP: Ekspansi tambang andesit IDR 200 miliar
PT Indocement Tunggal Prakarsa Tbk melalui anak usahanya, PT Tarabatuh Manunggal, telah membuka dan
mengoperasikan aset tambang andesit baru. Ekspansi bernilai IDR 200 miliar ini dilakukan pada 30 Oktober
2020. Proses pembukaan lahan dan pembangunan infrastruktur sebagain besar sudah berjalan sejak tahun
lalu. Kapasitas produksi yang terpasang pada lokasi tambang andesit baru sebesar 600 ton per jam dan dapat
beroperasi untuk jangka waktu 20 - 30 tahun. (Investor Daily)
Comment:
Ekspansi tersebut tidak menambah kapasitas produksi semen perusahaan, namun digunakan untuk
menunjang produksi saja. Dimana batu yang dihasilkan dari tambang tersebut digunakan untuk
menunjang industri beton ready mix. Dana yang dipakai sebesar IDR 200 miliar tidak berpengaruh
pada cashflow perusahaan dengan Cash internal mencapai lebih dari IDR 7 triliun. Ekspansi tambang
tersebut akan mengokohkan posisi INTP untuk mensuplai material untuk industri semen nasional,
terutama beton ready mix. INTP: HOLD: 28.2x PE '21E, 2.0x PBV '21E, TP: IDR 12,200
BSDE: Laba Bersih 3Q20 +156.8% YoY; 9M29 -79.7% YoY
PT Bumi Serpong Damai (BSDE) mencatatkan laba bersih pada 3Q20 senilai IDR 558.9 miliar, tumbuh +156.8%
YoY atau berubah dari rugi bersih IDR -349 miliar pada 2Q20, menjadikan laba bersih kumulatif 9M20 senilai
IDR 469.6 miliar, atau turun -79.7% YoY. Di sisi lain, pendapatan 3Q20 tumbuh +19.2% YoY / +130.6 QoQ,
sementara kumulatif 9M20 turun -18.2% YoY. (Laporan Keuangan)
Comment:
Perbaikan laba memasuki 3Q20 tidak lain didukung oleh peningkatan rekognisi pendapatan pada
penjualan tanah dan bangunan (property development), yang mana tergolong sangat rendah pada
2Q20 atau masa PSBB awal sebelumnya, sehingga pendapatan 3Q20 dapat naik +130.6% QoQ.
Sementara itu, penurunan drastis pada kumulatif 9M20 -79.7% YoY teratribusikan karena terdapat
one-off gain pada 2Q20 akibat transaksi PLIN dan rugi bersih pada 2Q20. BSDE: HOLD: 16.6x PE '21E,
0.5x PBV '21E, TP: IDR 950
Equity Research│3 November 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 4.8 5,975 (22.1) 7,700 6,993 28.9 13.4 9.2 1.5 1.4 11.1% 14.7% BBCA HOLD 12.5 29,100 (12.9) 32,000 33,755 10.0 29.7 23.3 4.1 3.7 13.7% 15.8% BBRI BUY 7.2 3,380 (23.2) 3,800 3,914 12.4 21.5 12.7 2.2 2.0 10.3% 15.8% BBNI BUY 1.5 4,660 (40.6) 6,000 5,698 28.8 12.9 6.4 0.7 0.6 5.4% 10.0% BBTN BUY 0.3 1,390 (34.4) 1,700 1,636 22.3 10.6 5.7 0.8 0.7 7.9% 12.9%
BNLI SELL #N/A N/A 2,120 67.6 1,376 1,129 -35.1 39.3 36.6 2.4 2.2 6.1% 6.1%
Average 21.2 15.6 1.9 1.8 9.1% 12.5% Consumer (Staples) ICBP BUY 2.0 9,750 (12.6) 12,000 12,131 23.1 19.8 17.7 3.9 3.4 19.6% 19.1% INDF BUY 1.1 7,025 (11.4) 9,500 8,806 35.2 12.5 11.4 1.6 1.5 12.9% 13.2% KLBF BUY 1.2 1,495 (7.7) 1,750 1,786 17.1 23.7 22.7 4.0 3.6 16.8% 16.1% UNVR BUY 5.1 7,625 (9.2) 9,800 8,914 28.5 36.3 36.0 45.0 44.4 123.7% 123.4% Average 23.1 21.9 13.6 13.2 43.3% 42.9% Cigarette HMSP HOLD 2.9 1,405 (33.1) 1,520 1,728 8.2 16.3 16.1 50.2 5.0 307.1% 30.9% GGRM BUY 1.4 40,525 (23.5) 55,150 55,062 36.1 13.0 8.1 1.5 1.4 11.2% 16.9% Average 14.7 12.1 25.8 3.2 159.2% 23.9% Healthcare MIKA BUY 0.6 2,570 (3.7) 3,000 2,814 16.7 61.2 50.4 8.0 7.3 13.0% 14.4%
SILO HOLD 0.1 4,910 (29.4) 4,900 5,861 -0.2 n/a 350.7 1.4 1.4 -1.7% 0.4%
HEAL BUY 0.2 3,100 (13.4) 5,000 4,205 61.3 41.3 28.7 3.9 3.5 9.5% 12.2% Average 51.3 143.3 4.4 4.0 7.0% 9.0% Poultry CPIN HOLD 1.7 5,825 (10.4) 5,800 5,897 -0.4 24.0 21.0 4.0 3.5 16.5% 16.7% JPFA BUY 0.2 1,055 (31.3) 1,600 1,336 51.7 16.7 7.5 1.0 0.9 6.0% 12.2% MAIN BUY 0.0 555 (44.8) 700 626 26.1 277.5 7.6 0.6 0.5 0.2% 7.2% Average 106.1 12.0 1.9 1.7 7.6% 12.0% Retail MAPI BUY 0.2 640 (39.3) 1,350 821 110.9 9.0 8.0 1.4 1.2 15.4% 14.8% RALS BUY 0.1 550 (48.4) 1,400 640 154.5 4.7 4.4 0.8 0.8 17.3% 17.3% ACES BUY 0.5 1,525 2.0 1,900 1,757 24.6 22.4 20.1 4.8 4.1 21.2% 20.7% Average 12.1 10.8 2.3 2.0 18.0% 17.6%
Pulp and Paper
INKP SELL 0.9 9,100 18.2 6,900 8,950 -24.2 10.9 11.3 0.8 0.7 7.2% 6.5% Average 10.9 11.3 0.8 0.7 7.2% Media MNCN BUY 0.2 800 (50.9) 1,390 1,334 73.8 4.3 3.9 0.8 0.7 17.5% 17.3% SCMA HOLD 0.4 1,480 5.0 1,550 1,581 4.7 12.8 12.8 3.4 3.0 26.4% 23.8% Average 8.5 8.3 2.1 1.9 22.0% 20.5% Telco EXCL BUY 0.4 2,010 (36.2) 3,500 3,395 74.1 20.9 19.3 1.1 1.0 5.1% 5.4%
ISAT BUY 0.2 2,010 (30.9) 2,800 3,005 39.3 n/a n/a 1.0 0.9 -9.7% -2.2%
TLKM BUY 4.4 2,560 (34.6) 4,300 3,884 68.0 12.4 11.4 2.1 2.0 16.9% 17.5% Average 16.7 15.4 1.4 1.3 4.1% 6.9% Telco Retail ERAA HOLD 0.1 1,790 (0.3) 1,625 1,821 -9.2 9.6 7.8 1.1 0.9 11.0% 11.9% Telco Infra TBIG HOLD 0.6 1,475 19.9 1,490 1,495 1.0 30.7 28.9 5.1 4.5 16.5% 15.6% TOWR BUY 0.9 990 23.0 1,300 1,258 31.3 16.8 15.5 4.6 3.9 27.7% 25.2% Average 23.8 22.2 4.9 4.2 22.1% 20.4% Stock Rec.
Equity Research│3 November 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 3.8 5,400 (22.0) 7,500 5,915 38.9 10.0 9.2 1.1 1.0 10.8% 10.9% Average 10.0 9.2 1.1 1.0 10.8% Mining Contracting UNTR HOLD 1.3 20,450 (5.0) 22,300 25,812 9.0 6.4 4.8 1.4 0.9 22.1% 19.7% Average 6.4 4.8 1.4 0.9 22.1% Aviation GIAA BUY 0.1 238 (52.2) 650 234 173.1 2.4 2.1 0.4 0.4 17.5% 16.9% Average 2.4 2.1 0.4 0.4 17.5% Property BSDE HOLD 0.3 880 (29.9) 950 999 8.0 20.5 16.6 0.5 0.5 2.3% 3.1% PWON BUY 0.4 418 (26.7) 460 517 10.0 12.7 9.7 1.1 1.0 8.9% 10.0% ASRI SELL 0.1 156 (34.5) 130 143 -16.7 12.0 5.6 0.3 0.3 2.3% 4.7%
LPKR HOLD 0.2 134 (44.6) 140 179 4.5 n/a n/a 0.3 0.3 -0.5% -0.2%
SMRA BUY 0.2 660 (34.3) 800 814 21.2 44.0 26.4 1.2 1.1 2.7% 4.2% CTRA BUY 0.3 815 (21.6) 950 908 16.6 21.4 15.7 0.9 0.9 4.4% 5.7% Average 22.1 14.8 0.7 0.7 3.4% 4.6% Industrial Estate SSIA BUY 0.0 486 (25.8) 550 499 13.2 54.0 27.0 0.6 0.5 1.0% 2.0% DMAS BUY 0.2 218 (26.4) 250 254 14.7 14.5 12.8 1.4 1.6 9.6% 12.7% KIJA SELL 0.1 199 (31.8) 150 170 -24.6 18.1 15.3 0.7 0.5 4.0% 3.4% Average 28.9 18.4 0.9 0.9 4.9% 5.0% Construction PTPP BUY 0.1 890 (43.8) 1,200 1,127 34.8 22.8 7.1 0.4 0.4 1.6% 5.0% ADHI BUY 0.0 575 (51.1) 700 759 21.7 2.8 2.5 0.3 0.3 10.0% 10.0% WSKT SELL 0.2 720 (51.5) 600 682 -16.7 n/a 40.0 0.4 0.4 -7.3% 1.1% WIKA BUY 0.2 1,160 (41.7) 1,600 1,403 37.9 12.1 7.9 0.6 0.6 5.0% 7.1% Average 12.6 14.4 0.4 0.4 2.3% 5.8% Cement INTP HOLD 0.8 12,200 (35.9) 12,200 14,340 0.0 33.9 28.2 2.0 2.0 5.8% 6.9% SMGR BUY 0.9 9,125 (24.0) 10,800 11,674 18.4 40.7 24.1 1.5 1.5 3.8% 6.1% Average 37.3 26.2 1.8 1.7 4.8% 6.5% Precast WSBP BUY 0.1 149 (51.0) 170 272 14.1 3.4 2.9 0.4 0.4 12.1% 12.7% WTON BUY 0.0 238 (47.1) 340 421 42.9 3.4 2.9 0.5 0.5 15.6% 16.0% Average 3.4 2.9 0.5 0.4 13.8% 14.3%
Oil and Gas
PGAS SELL 0.5 1,060 (51.2) 700 1,307 -34.0 18.0 13.4 0.6 0.6 3.6% 4.6% AKRA BUY 0.2 2,610 (33.9) 3,800 3,641 45.6 13.5 11.8 1.2 1.2 9.1% 10.0% MEDC BUY 0.2 370 (49.5) 950 510 156.8 6.5 2.9 0.4 0.4 5.9% 12.1% Average 12.7 9.4 0.8 0.7 6.2% 8.9% Chemical TPIA HOLD 2.5 7,950 (23.4) 7,575 6,450 -4.7 65.2 65.2 5.6 5.6 8.6% 8.6% BRPT BUY 1.5 900 (40.4) 1,075 700 19.4 6.7 6.7 0.4 0.4 6.2% 6.2%
ESSA BUY 0.0 138 (48.5) 280 N/A 102.9 4.1 4.1 0.4 0.4 9.6% 9.6%
Average 25.3 25.3 2.1 2.1 8.2% 8.1% Utilities JSMR BUY 0.5 3,570 (31.0) 4,700 4,981 31.7 44.6 14.2 1.1 1.0 2.4% 6.9% Metal ANTM SELL 0.5 1,100 31.0 960 1,148 -12.7 157.1 100.0 1.5 1.5 0.9% 1.5% MDKA SELL 0.7 1,850 72.9 1,600 2,118 -13.5 23.7 14.7 6.0 4.7 25.2% 31.9% INCO HOLD 0.7 4,270 17.3 4,000 4,222 -6.3 27.2 23.4 1.4 1.4 5.2% 6.0%
TINS BUY 0.1 860 4.2 1,775 954 106.4 n/a 977.3 1.2 1.5 -4.2% 0.1%
Average 69.3 278.8 2.5 2.3 6.8% 9.9%
Equity Research│3 November 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 HOLD 0.2 8,250 (28.1) 8,080 9,252 -2.1 3.1 3.8 1.2 2.2 37.8% 57.3% ADRO BUY 0.6 1,130 (27.3) 1,600 1,326 41.6 5.9 5.9 0.6 0.6 9.9% 9.3% PTBA HOLD 0.4 1,940 (27.1) 1,870 2,325 -3.6 8.0 12.1 1.3 1.3 15.7% 10.6% Average 5.7 7.3 1.0 1.3 21.1% 25.7% Plantation AALI HOLD 0.4 10,600 (27.3) 11,100 12,294 4.7 31.7 18.7 1.1 1.0 3.4% 5.5% LSIP HOLD 0.1 955 (35.7) 1,000 1,180 4.7 18.4 16.5 0.7 0.7 4.1% 4.4% TBLA BUY 0.1 745 (25.1) 980 1,114 31.5 4.6 4.3 0.7 0.6 14.3% 14.3% SIMP BUY 0.1 324 (25.0) 388 470 19.8 29.5 19.1 0.3 0.3 1.2% 1.8% SSMS BUY 0.1 800 (5.3) 1,050 1,100 31.3 15.4 11.0 1.7 1.5 11.0% 13.8% Average 19.9 13.9 0.9 0.8 6.8% 8.0%
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Equity Research│3 November 2020
Chg (Pts)
1D
1D
1W
1M
3M
YTD
1YR
High
Low
World
2,322
29.21
1.27
(2.50)
(1.70)
0.74
(1.54)
3.11
2,500
1,579
U.S. (S&P)
3,310
40.28
1.23
(2.67)
(1.14)
0.47
2.46
7.93
3,588
2,192
U.S. (DOW)
26,925
423.45
1.60
(2.75)
(2.74)
0.98
(5.65)
(1.54)
29,569
18,214
Europe
3,020
61.33
2.07
(2.76)
(5.37)
(7.04)
(19.37)
(16.67)
3,867
2,303
Emerging Market
1,115
11.30
1.02
(1.70)
3.06
3.32
0.01
6.25
1,151
752
FTSE 100
5,655
77.70
1.39
(2.37)
(4.19)
(6.26)
(25.02)
(22.56)
7,690
4,899
CAC 40
4,691
96.90
2.11
(2.60)
(2.77)
(3.79)
(21.53)
(18.58)
6,111
3,632
Dax
11,788
231.80
2.01
(3.19)
(7.10)
(6.79)
(11.03)
(9.05)
13,795
8,256
Indonesia
5,115
(13.10)
(0.26)
0.37
3.82
2.18
(18.80)
(17.59)
6,349
3,912
Japan
23,295
318.35
1.39
(0.85)
1.15
4.96
(1.53)
1.95
24,116
16,358
Australia
6,032
80.50
1.35
(0.32)
4.15
1.78
(9.76)
(9.56)
7,197
4,403
Korea
2,328
27.42
1.19
(0.14)
(0.01)
3.40
5.91
10.83
2,458
1,439
Singapore
2,443
19.29
0.80
(3.18)
(2.12)
(1.68)
(24.19)
(24.35)
3,286
2,208
Malaysia
1,466
(0.43)
(0.03)
(1.89)
(2.26)
(6.75)
(7.70)
(7.96)
1,618
1,208
Hong Kong
24,460
352.59
1.46
(1.84)
4.27
0.01
(13.23)
(9.74)
29,175
21,139
China
3,225
0.59
0.02
(0.80)
0.22
(4.24)
5.74
9.02
3,459
2,647
Taiwan
12,591
44.97
0.36
(2.46)
0.60
0.63
4.95
10.45
13,032
8,524
Thailand
1,202
7.21
0.60
(0.48)
(2.86)
(9.01)
(23.91)
(24.51)
1,643
969
Philipines
6,324
74.61
1.19
(2.47)
5.41
6.67
(19.08)
(20.72)
8,217
4,039
1D
1D
1W
1M
3M
YTD
1YR
High
Low
Foreign Reserves (US$Bn)
135.15
(1.38)
2.61
4.62
8.70
137.04
120.97
Inflation Rate (yoy, %)
1.44
2.98
1.32
Gov Bond Yld (10yr, %)
6.61
(5.88)
8.38
6.51
US Fed Rate (%)
0.25
1.75
0.25
Chg (Pts)
1D
1D
1W
1M
3M
YTD
1YR
High
Low
Indonesia
14,640
15.00
(0.10)
0.07
1.54
(0.07)
(5.29)
(4.28)
16,625
13,577
Japan
104.76
0.04
(0.04)
(0.32)
0.95
1.14
3.68
3.65
112.23
101.19
UK
1.29
0.00
0.02
(0.96)
(0.46)
(1.19)
(2.55)
0.27
1.35
1.14
Euro
1.16
(0.00)
(0.01)
(1.32)
(1.21)
(1.04)
3.81
4.60
1.20
1.06
China
6.69
(0.00)
0.01
0.32
1.49
4.33
4.07
5.07
7.18
6.64
Chg (Pts)
1D
1D
1W
1M
3M
YTD
1YR
High
Low
Oil (Brent)
38.97
1.03
2.71
(3.68)
(0.76)
(10.00)
(40.95)
(36.83)
71.75
15.98
CPO
2,902
(27.00)
(0.92)
(1.36)
8.53
8.40
(4.91)
17.21
3,140
1,944
Rubber
1,262.50
2.50
0.20
9.31
51.02
62.38
65.25
72.00
1,262.50
685.00
Coal
60.60
0.55
0.92
3.50
(0.41)
14.99
(10.49)
(10.49)
77.25
47.50
Tin
17,769
45.00
0.25
(1.67)
(0.04)
(0.78)
3.44
7.79
18,751
13,375
Nickel
15,160
4.00
0.03
(3.17)
5.15
9.97
8.09
(9.63)
16,775
10,865
Copper
6,762
43.50
0.65
(0.28)
3.19
5.44
9.52
15.59
7,034
4,371
Gold
1,895
2.60
0.14
(0.74)
(0.46)
(3.78)
24.72
25.39
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
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
Equity Research│3 November 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
