Riset Saham Harian
Samuel Equity Research 09 Agustus 2018
www.samuel.co.id Page 1 of 7
Global, EU dan APAC Pagi ini Mixed
Nasdaq naik didorong oleh Facebook dan Amazon, namun indeks Dow dan S&P500 turun ditengah berlanjutnya kekhawatiran seputar dampak penerapan barang-barang impor AS ke China. Pasar Eropa ditutup mixed.
Dari update data makro terkini, pasar tengah menantikan data inflasi, sedangkan dari pasar dalam negeri, pekan depan akan rilis beberapa data penting seperti export, import dan trade balance serta BI 7DRR.
Dari pasar komoditas dunia, harga emas naik sementara harga minyak dunia tercatat turun. IHSG kemarin ditutup menguat ditengah rilis data cadev.
Pasar EIDO turun, sedangkan nilai tukar rupiah ditransaksikan menguat tipis ke level Rp14.435 dari Rp14.440.
Highlights
TLKM & LINK: Indihome menaikkan harga
PGAS: Pasok Gas ke Krakatau Nippon Steel
BUMI: Kurangi hutang
Perbankan: GPN terus dikembangkan
WTON: Hasil analis meeting
AISA: Kisruh berlanjut
SMRA: Pre-sales 7M18 Rp1.5tn : 6,094.8
: +3.6 (+0.1%) : 4,050 Mn shrs : 5,327 Bn rupiah Last
Close +/- %
BMRI 7,325 125 1.7
TKIM 15,550 1325 9.3
TPIA 5,325 225 4.4
MAYA 4,080 590 16.9
HMSP 3,820 -130 -3.3
UNVR 43,000 -550 -1.3
TLKM 3,550 -30 -0.8
JKON 498 -162 -24.5
Foreign Net Buy / Sell (Regular Market) Net Buy (Rpbn) Net Sell (Rpbn)
INKP 40 BBRI 108
ASII 35 TLKM 64
CPIN 29 BBNI 57
ADRO 27 UNTR 48
TRAM 21 BSDE 33 Money Market
Last
Close +/- %
USD/IDR 14,435 -5.0 0.0
JIBOR O/N 5.1 0.0 -
Infl (MoM) 0.3 - -
Dual Listing Securities Last
Close +/- %
TLKM 24.4 -0.3 -1.0
ISAT 61.4 -0.8 -1.2
EIDO 24.5 -0.1 -0.6
World Indices Last
Close +/- %
DJIA 25,584 -45 -0.2
S&P 500 2,858 -1 0.0
Euro Stoxx 3,494 -11 -0.3
MSCI World 2,166 -1 0.0
Nikkei 22,546 -98 -0.4
Hang Seng 28,359 110 0.4
Commodities Last
Close +/- %
Brent Oil 72 0.0 0.0
CPO Malay 2,284 19.0 0.8
Coal (ICE) 112 -0.4 -0.4
Nickel 14,008 203.0 1.5
Tin 19,461 -175.0 -0.9
Market Value
Changes Leading Movers
Market Activity Thursday, 09 Aug 2018 Market Index Index Movement Market Volume
Changes Changes
Changes
Changes Lagging Movers
Riset Saham Harian
09 Agustus 2018
www.samuel.co.id Page 2 of 7
TLKM & LINK: Indihome menaikkan harga
PT Telekomunikasi Indonesia Tbk (TLKM) menaikkan tarif Indihome untuk 400.000 pelanggan premium (10% dari total pelanggan Indihome), sebesar Rp 15.000/bulan.
Penaikan harga bertujuan mencapai titik harga layanan internet kabel yang rasional.
ARPU Indihome saat ini tercatat sebesar Rp 251.000/bulan, lebih rendah dari ARPU PT LinkNet Tbk (LINK) yang sebesar Rp 421.000/bulan. (Bisnis Indonesia)
TLKM: HOLD 18.4x P/E18E, 3.6x PBV18E; LINK: BUY
PGAS: Pasok gas ke Krakatau Nippon Steel
PT Perusahaan Gas Negara Tbk (PGAS) memasok kebutuhan gas sebanyak 1,32 juta mmscf/d per bulan untuk pabrik pelapis baja atau galvanizing, annealing and processing line (GAPL) milik PT Krakatau Nippon Steel Sumitomo. Pengiriman gas akan dimulai pada Selasa besok. (Bisnis Indonesia)
PGAS: BUY: 13.1x P/E18E, 1.2x PBV18E
BUMI: Kurangi hutang
BUMI memastikan akan membayar hutang tranche ketiga pada Oktober 2018. BUMI berniat melunasi sebagian pokok hutang dan bunga yang sebesar USD 70-85 juta.
Kondisi harga batubara saat ini dimana dalam 18 bulan terakhir harga acuannya di atas USD 70 per MT membuat perusahaan optimis dapat menurunkan hutang.
Tahun ini pendapatan ditargetkan tumbuh 10-12%yoy. (Investor Daily) BUMI: BUY
Perbankan: GPN terus dikembangkan
BI menargetkan penukaran kartu debit lama ke kartu debit berlogo GPN akan mencapai 30% dari total kartu debit hingga akhir 2018. Dengan GPN, biaya transaksi di EDC maupun ATM dapat ditekan dan mengurangi ketergantungan akan principal asing seperti Visa dan MasterCard.
Grup Djarum berencana akuisisi 5% saham perusahaan switching bernama Alto. Kini BBCA, yang dikuasai oleh Grup Djarum, banyak memakai layanan dari Prima, kemungkinan akan juga memakai layanan Alto. Hal ini sejalan dengan aturan yang mengharuskan bank memiliki layanan dari minimal 2 perusahaan switching. (Kontan, Detik.com, Kompas)
Banking: Overweight
WTON: Hasil analis meeting
Kemarin kami menghadiri analis meeting WTON. (PT Wijaya Karya Beton).
Comment:
Arahan dan penjelasan pihak manajemen inline dan mendorong kami tetap pada sudut pandang serta rekomendasi BUY.
Riset Saham Harian
09 Agustus 2018
www.samuel.co.id Page 3 of 7
Selain rencana road map pertumbuhan FY18-FY23 yang akan didorong salah satunya oleh membangun kerjasama dengan pihak terkait di wilayah Asia Tenggara untuk memperluas pasar, inovasi alternative pendanaan juga tidak menjadi masalah dan akan menjaga kebutuhan sekaligus menutupi financing gaps yang dibutuhkan untuk mengeksekusi kontrak.
Poin terpenting yang kami sukai adalah upaya WTON saat ini untuk memiliki konsesi bahan baku pasir, yang akan memberikan keamanan suplai raw material selama puluhan tahun kedepan. Dalam masa yang lebih pendek, mid term, bebrapa project di 1H18 akan menjadi katalis penggerak (lihat report WTON dan daily report kami kemarin).
Update lebih detail, termasuk kondisi terkini proyek penting WTON seperti Pettarani elevated toll roal dan HSR Jakarta-Bandung, akan kami berikan dalam bentuk company update.
WTON. BUY. 17.0x P/E18E, 2.0x PBV18E
AISA: Kisruh berlanjut
AISA membiarkan anak usahanya, PT Sukses Abadi, terancam pailit karena tagihan senilai Rp46,25 miliar. Tagihan tersebut datang dari PT Hardo Soloplast yang merupakan penghasil karung beras bagi anak usaha AISA, salah satunya beras Maknyus.
AISA juga balik menyerang Grup Sinarmas, yakni PT Sinartama Gunita, karena berkaitan dengan pembayaran atas jasa administrasi dan pencatatan saham AISA untuk periode Juni 2018 – Mei 2019, dengan nilai kontrak Rp22 juta dan harus dibayarkan di awal periode.
Pihak BEI juga menemukan kejanggalan, antara lain agenda yang menolak laporan keuangan, serta agenda voting yang hasilnya memberhentikan dewan direksi. (Kontan).
AISA: Non – coverage
SMRA: Pre-sales 7M18 Rp1.5tn
PT Summarecon Agung, Tbk (SMRA), membukukan marketing sales sebesar Rp1.15tn, setara dengan 28.75% vs target perusahaan, sementara di Juli terdapat peningkatan penjualan dan mendorong pre-sales naik menjadi Rp1.5tn (7M18) atau 37.5% dari target.
(Investor Daily).
Comment:
Rekomendasi kami pada SMRA belum berubah. Hasil 1H18 akan terlihat justifikasi kemampuan SMRA menjual backlognya dan sejauh mana nilai run rate akan menjaga pertumbuhan laba bersih tahun ini sekaligus pencapaiannya dibandingkan dengan proyeksi konsensus.
SMRA. BUY. 30.8x P/E18E, 1.4x PBV18E.
Riset Saham Harian
09 Agustus 2018
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Stock Rec. JCI Wgt Last price 1D Chg YTD Chg TP Cons TP SSI Upside PE PE PBV PBV ROE ROE
(%) (Rp) (%) (%) (Rp) (Rp) (%) 18E 19E 18E 19E 18E 19E
Banks
BMRI BUY 5.0 7325 1.7 (8.4) 8171 8200 11.9 14.4 12.7 1.9 1.7 13.1% 13.4%
BBCA HOLD 8.6 23925 0.5 9.2 24352 26250 9.7 23.3 21.3 3.9 3.5 16.9% 16.2%
BBRI BUY 6.0 3330 (0.6) (8.5) 3719 3800 14.1 12.9 11.5 2.2 1.9 17.2% 16.9%
BBNI BUY 2.2 8100 0.0 (18.2) 9063 9050 11.7 10.2 8.7 1.4 1.3 13.7% 14.3%
BBTN HOLD 0.4 2620 (1.5) (26.6) 3291 2800 6.9 8.4 7.2 1.1 1.0 13.6% 13.9%
BNLI BUY 0.2 540 (1.8) (13.6) 552 890 64.8 15.0 14.6 0.7 0.6 4.4% 4.4%
Average 14.0 12.7 1.9 1.7 13.1% 13.2%
Consumer (Staples)
ICBP BUY 1.5 8950 (0.6) 0.6 9508 10200 14.0 24.9 22.8 4.7 4.3 19.1% 18.6%
INDF BUY 0.8 6450 (1.9) (15.4) 8469 8400 30.2 12.3 11.0 1.7 1.5 13.6% 13.8%
KLBF BUY 0.9 1290 (0.8) (23.7) 1404 1650 27.9 21.9 19.6 4.1 3.6 18.5% 18.6%
ROTI HOLD 0.1 930 0.0 (27.1) 894 900 -3.2 25.8 19.8 2.9 2.6 11.1% 12.9%
UNVR HOLD 4.8 43000 (1.3) (23.1) 46195 49900 16.0 42.2 39.1 53.9 49.0 127.7% 125.2%
Average 25.4 22.5 13.5 12.2 38.0% 37.8%
Cigarette
HMSP SELL * 6.5 3820 (3.3) (19.2) 4128 3900 2.1 34.4 32.2 11.7 10.6 34.0% 32.8%
GGRM BUY 2.2 77000 1.3 (8.1) 83900 83700 8.7 19.8 19.2 2.9 2.6 14.8% 13.6%
Average 27.1 25.7 7.3 6.6 24.4% 23.2%
Healthcare
MIKA BUY 0.4 1930 1.6 6.6 1963 2050 6.2 37.7 31.0 5.6 4.5 14.9% 14.6%
SILO HOLD 0.1 3030 (1.3) (68.4) 6008 3250 7.3 44.8 38.8 0.6 0.5 1.4% 1.4%
Average 41.3 34.9 3.1 2.5 8.2% 8.0%
Poultry
CPIN BUY 1.2 4940 3.1 64.7 5076 5500 11.3 19.4 17.1 4.4 3.7 22.5% 21.6%
JPFA BUY 0.4 2220 (0.9) 70.8 2563 2750 23.9 9.2 8.0 2.1 1.7 22.3% 21.2%
MAIN BUY 0.0 1300 0.0 75.7 1248 1400 7.7 8.8 6.0 1.2 1.0 13.2% 16.7%
Average 12.5 10.4 2.5 2.1 19.3% 19.8%
Retail
MAPI BUY 0.2 890 2.3 43.5 975 930 4.5 29.7 18.9 3.7 3.1 12.3% 16.4%
RALS BUY 0.1 1315 2.3 9.6 1554 1550 17.9 22.3 19.6 2.5 2.4 11.2% 12.2%
ACES BUY 0.4 1395 1.1 20.8 1537 1550 11.1 26.8 22.9 6.8 5.8 25.4% 25.3%
LPPF BUY 0.3 6500 4.0 (35.0) 10071 13200 103.1 8.8 8.2 5.6 4.1 63.2% 50.6%
Average 21.9 17.4 4.6 3.9 28.0% 26.2%
Media
MNCN BUY 0.2 1040 (1.0) (19.1) 1509 1500 44.2 9.2 8.9 1.5 1.4 16.5% 15.8%
SCMA BUY 0.4 2080 0.0 (16.1) 2698 3000 44.2 16.9 13.2 6.1 4.7 36.3% 35.8%
Average 13.1 11.1 3.8 3.1 26.4% 25.8%
Telco
EXCL BUY 0.5 3050 0.0 3.0 3724 3380 10.8 132.6 28.2 1.5 1.4 1.1% 5.1%
ISAT BUY 0.3 3480 0.0 (27.5) 4081 7400 112.6 7.1 6.5 1.2 1.1 16.3% 16.2%
TLKM HOLD 5.3 3550 (0.8) (19.3) 4168 3700 4.2 18.4 18.3 3.6 3.4 19.7% 18.3%
TOWR BUY 0.4 550 0.0 (31.3) 866 900 63.6 9.5 8.6 1.9 1.7 20.2% 19.2%
Average 41.9 15.4 2.0 1.9 14.3% 14.7%
Auto and HE
ASII BUY 4.4 7425 0.7 (10.5) 8425 9400 26.6 14.9 13.3 2.2 2.0 14.7% 14.7%
UNTR BUY 2.0 36025 0.1 1.8 41730 41500 15.2 16.1 12.5 2.6 2.3 16.2% 18.3%
Average 15.5 12.9 2.4 2.1 15.4% 16.5%
Aviation
GIAA HOLD 0.1 230 0.0 (23.3) 291 295 28.3 168.5 16.7 0.4 0.3 0.3% 2.1%
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09 Agustus 2018
www.samuel.co.id Page 5 of 7
Property
BSDE BUY 0.4 1260 (5.6) (25.9) 2001 2350 86.5 4.6 4.2 0.7 0.6 14.6% 13.6%
PWON BUY 0.4 555 (0.9) (19.0) 709 767 38.2 13.5 11.3 2.3 1.9 16.8% 17.2%
ASRI HOLD 0.1 332 (1.8) (6.7) 410 310 -6.6 5.6 5.4 0.7 0.6 11.9% 11.2%
SMRA SELL * 0.2 750 (2.6) (20.6) 1062 782 4.3 30.0 28.3 1.4 1.4 4.6% 5.1%
SSIA HOLD 0.0 590 (0.8) 14.6 736 564 -4.4 141.8 95.8 0.7 0.7 0.5% 0.7%
CTRA BUY 0.3 1010 (1.5) (14.8) 1385 1580 56.4 20.4 19.1 1.0 1.0 5.0% 5.1%
DMAS HOLD 0.1 126 (0.8) (26.3) 200 156 23.8 9.1 8.7 0.8 0.7 8.7% 8.4%
KIJA SELL 0.1 220 0.0 (23.1) 240 203 -7.7 49.4 43.1 0.8 0.7 1.5% 1.7%
Average 34.3 27.0 1.0 1.0 7.9% 7.9%
Construction
PTPP BUY 0.2 1990 (2.0) (24.6) 3373 3350 68.3 9.8 8.9 1.1 1.0 10.9% 10.7%
ADHI BUY 0.1 1670 (1.2) (11.4) 2649 3250 94.6 9.3 6.5 0.9 0.7 9.1% 11.4%
WSKT BUY 0.4 2090 (3.2) (5.4) 2915 3250 55.5 7.7 7.1 1.1 1.1 14.3% 14.8%
WIKA BUY 0.2 1675 (0.3) 8.1 2160 1850 10.4 10.3 8.4 0.9 0.8 8.6% 9.4%
Average 9.3 7.7 1.0 0.9 10.7% 11.6%
Cement
INTP SELL 0.8 15000 (1.3) (31.7) 16286 13300 -11.3 20.1 17.1 1.9 1.8 9.6% 10.5%
SMGR BUY 0.8 8600 (3.9) (13.1) 9413 12000 39.5 14.4 13.2 1.5 1.4 10.7% 10.7%
SMCB SELL 0.1 750 0.0 (10.2) 682 700 -6.7 -10.3 -12.3 0.8 0.8 -7.7% -6.6%
Average 8.1 6.0 1.4 1.3 4.2% 4.9%
Precast
WSBP BUY 0.2 414 (1.0) 1.5 606 580 40.1 9.7 8.3 1.2 1.0 12.4% 12.5%
WTON BUY 0.1 416 (1.0) (16.8) 665 750 80.3 8.7 7.6 0.9 0.7 10.2% 9.8%
Average 9.2 7.9 1.0 0.9 11.3% 11.2%
Oil and Gas
PGAS BUY 0.7 1870 5.1 6.9 2301 3000 60.4 13.1 11.4 1.2 1.1 9.1% 9.7%
AKRA BUY 0.3 4320 0.70 -32.0 5404 6000 38.9 9.3 12.0 1.9 1.7 20.4% 14.3%
TPIA SELL * 1.4 5325 4.4 -11.3 5412 5480 2.9 21.7 19.6 3.7 3.2 16.8% 16.2%
BRPT HOLD 0.5 1820 -0.5 -19.5 2458 2400 31.9 12.5 11.1 0.9 0.8 7.6% 7.4%
MEDC BUY 0.3 1060 (1.4) 19.1 1439 1500 41.5 14.5 11.4 1.0 0.9 6.9% 8.0%
Average 14.2 13.1 1.7 1.5 12.2% 11.1%
Utilities
JSMR BUY 0.5 4990 0.2 (22.0) 5688 7500 50.3 15.0 11.3 2.2 1.9 14.3% 16.8%
Metal
ANTM BUY 0.3 920 (0.5) 47.2 1212 1050 14.1 83.6 41.8 1.3 1.3 1.6% 3.1%
INCO BUY 0.6 4350 (0.9) 50.5 5188 5200 19.5 30.5 29.7 1.6 1.6 5.3% 5.4%
TINS BUY 0.1 850 (1.2) 9.7 1270 1150 35.3 12.9 10.5 1.0 1.0 8.1% 9.4%
Average 42.3 27.3 1.3 1.3 5.0% 6.0%
Coal
DOID BUY 0.1 720.0 -1.4 0.7 1528.3 1450 101.4 4.9 4.5 1.7 1.2 34.4% 27.3%
ITMG BUY 0.5 28650 (1.0) 38.4 33032 32500 13.4 10.4 9.8 2.2 2.0 20.8% 20.8%
ADRO BUY 0.9 1990 0.5 7.0 2631 2400 20.6 7.2 6.8 1.1 1.0 15.0% 14.5%
PTBA BUY * 0.8 4810 0.6 95.5 4650 4450 -7.5 13.0 14.6 3.6 3.2 28.1% 22.0%
Average 8.9 8.9 2.1 1.9 24.6% 21.2%
Plantation
AALI HOLD 0.4 12900 5.1 (1.9) 13320 13500 4.7 11.5 11.3 1.3 1.2 11.3% 11.1%
LSIP BUY 0.1 1300 8.8 (8.5) 1364 1420 9.2 11.5 11.0 1.0 1.0 8.7% 8.8%
SIMP HOLD 0.1 540 6.9 16.4 510 520 -3.7 24.5 20.8 0.6 0.6 2.3% 2.7%
Average 15.9 14.4 1.0 0.9 7.5% 7.5%
Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Note: *: Under Review
Riset Saham Harian
09 Agustus 2018
www.samuel.co.id Page 6 of 7
Regional Indices 1D Change
Points 1D 3D 1W 1M 3M YTD 1YR High Low
World (0.70) 2,166 (0.03) 0.41 0.86 1.64 2.67 2.98 10.41 2,250 1,925
U.S. (S&P) (0.75) 2,858 (0.03) 0.61 1.58 2.64 5.93 6.89 15.51 2,873 2,417
U.S. (DOW) (45.16) 25,584 (0.18) 0.48 0.99 3.26 4.24 3.50 16.03 26,617 21,600
Europe (10.77) 3,494 (0.31) 0.32 (0.45) 0.96 (2.13) (0.30) 0.73 3,709 3,262
Emerging Market (0.06) 1,080 (0.01) 0.82 1.15 0.37 (5.60) (6.80) 1.01 1,279 1,039
FTSE 100 58.17 7,777 0.75 1.53 1.62 1.15 1.49 1.16 n/a 7,904 6,867
CAC 40 (19.41) 5,502 (0.35) 0.42 0.06 1.92 (0.59) 3.56 6.92 5,657 4,995
Dax (14.65) 12,634 (0.12) 0.14 (0.81) 0.71 (2.39) (2.20) 3.95 13,597 11,727
Indonesia 3.58 6,095 0.06 1.45 1.02 4.95 3.16 (4.10) 4.65 6,693 5,558
Japan (100.02) 22,546 (0.44) 0.16 0.14 2.23 0.60 (0.97) 14.21 24,129 19,240
Australia (4.53) 6,264 (0.07) (0.14) 0.37 (0.35) 2.55 3.28 8.64 6,306 5,639
Korea (2.89) 2,299 (0.13) 0.53 1.25 0.56 (5.95) (6.85) (2.95) 2,607 2,244
Singapore (13.26) 3,327 (0.40) 1.87 (0.07) 3.03 (6.25) (2.24) 0.26 3,642 3,176
Malaysia 13.64 1,805 0.76 1.38 0.92 7.90 (2.26) 0.44 1.51 1,896 1,658
Hong Kong 110.26 28,359 0.39 2.47 0.06 (1.15) (7.13) (5.21) 2.17 33,484 26,864
China (35.30) 2,744 (1.27) 0.13 (2.85) (2.52) (13.14) (17.03) (16.23) 3,587 2,691
Taiwan 91.81 11,075 0.84 0.57 (0.21) 3.31 3.47 4.06 5.78 11,270 10,189
Thailand 14.38 1,722 0.84 0.56 (0.02) 6.08 (2.01) (1.83) 9.55 1,853 1,556
Philipines 125.61 7,851 1.63 0.41 0.17 9.25 3.92 (8.26) (1.68) 9,078 6,924
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) 0.01 5.05 1.09 (10.38) 15.17 29.50 15.03 6.06 3.89
Foreign Reserve (US$bn) n/a 119.84 n/a (2.50) (4.89) (7.96) (2.64) 131.98 118.31
Inflation Rate (%) n/a 0.28 n/a (52.54) 180.00 (60.56) 27.27 0.71 (0.07)
US Fed Rate (%) 0.00 2.00 0.00 0.00 14.29 33.33 60.00 2.00 1.25
Indo Govt Bond Yld (10yr) - % 0.00 7.71 (0.84) 3.53 4.37 22.05 12.22 7.93 6.09
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia (5.00) 14435 0.03 0.42 0.03 (0.76) (6.01) (6.01) (7.77) 14,565 13,145
Japan (0.15) 110.83 0.14 0.51 0.75 0.02 1.68 1.68 (0.69) 114.73 104.56
UK (0.00) 1.29 (0.05) (0.53) (1.08) (2.90) (4.71) (4.71) (0.98) 1.44 1.28
Euro (0.00) 1.16 (0.02) 0.47 0.20 (1.22) (3.31) (3.31) (1.28) 1.26 1.15
China 0.00 6.84 (0.06) (0.12) (0.18) (3.21) (4.81) (4.81) (1.89) 6.89 6.24
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (0.13) 66.81 (0.19) (3.19) (3.12) (9.53) (6.09) 10.58 34.81 75.27 45.58
CPO 19.00 2,284.00 0.84 2.70 1.96 0.62 (4.07) (8.75) (13.29) 2,876.00 2,140.00
Rubber (1.00) 674.50 (0.15) 0.22 0.67 0.82 5.06 (7.92) (18.39) 857.50 610.50
Coal (0.40) 111.55 (0.36) (0.53) (0.80) (0.98) 11.89 9.74 23.94 118.00 90.60
Iron Ore 0.70 63.43 1.12 6.11 4.21 8.45 (2.40) (10.38) (19.66) 80.91 57.85
Tin (175.00) 19,461.00 (0.89) (1.09) (2.33) 0.35 (7.46) (3.16) (4.03) 22,104.00 18,866.50
Nickel 200.00 14,050.00 1.44 3.69 3.38 0.75 1.19 10.11 32.17 16,690.00 10,215.00
Copper (2.00) 6,173.00 (0.03) (0.53) 0.02 (1.74) (8.48) (14.82) (4.74) 7,348.00 5,988.00
Gold 1.20 1,215.40 0.10 0.40 0.21 (3.51) (7.43) (6.96) (4.64) 1,365.80 1,205.30
Source: SSI Research, Bloomberg
Last Price
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Change (%) 1 Year
Last Price Change (%) 1 Year
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Last Price
DISCLAIMERS : 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 this 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. Moreover, although the information contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights reserved by PT Samuel Sekuritas Indonesia
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Research Team
Andy Ferdinand, CFA Head of Equity Research, Strategy,
Banking, Consumer (Staple) andy.ferdinand@samuel.co.id +6221 2854 8148
Ahmad Mikail Economist ahmad.mikail@samuel.co.id +6221 2854 8396
Muhamad Makky Dandytra, CFTe Technical Analyst makky.dandytra@samuel.co.id +6221 2854 8382
Akhmad Nurcahyadi, CSA
Property, Construction, Cement, Toll Road, Aviation, Automotive, Mining Contractor, Cigarette, Healthcare
akhmad.nurcahyadi@samuel.co.id +6221 2854 8144
Arandi Ariantara Oil and Gas, Chemical, Coal, Telco,
Telco Retail arandi.ariantara@samuel.co.id +6221 2854 8392
Marlene Tanumihardja Consumer (Poultry, Retail, Small Cap),
Pulp and Paper, Media marlene@samuel.co.id +6221 2854 8387
Sharlita Lutfiah Malik Metal, Telco Infrastructure, Plantation,
Small Cap sharlita.malik@samuel.co.id +6221 2854 8339
Private Wealth Management
Evelyn Satyono Head of PWM / Institutional Sales evelyn.satyono@samuel.co.id +6221 2854 8380 Muhamad Alfatih CSA, CTA, CFTe Senior Technical Portfolio Advisor m.alfatih@samuel.co.id +6221 2854 8129 Ronny Ardianto Institutional Equity Sales ronny.ardianto@samuel.co.id +6221 2854 8399 Clarice Wijana Institutional Equity Sales clarice.wijana@samuel.co.id +6221 2854 8395 Fachruly Fiater Institutional Equity Sales fachruly.fiater@samuel.co.id +6221 2854 8325
Equity Sales Team
Kelvin Long Head of Equities kelvin.long@samuel.co.id +6221 2854 8150
Yulianah Institutional Equity Sales yulianah@samuel.co.id +6221 2854 8146
Lucia Irawati Retail Equity Sales lucia.irawati@samuel.co.id +6221 2854 8173
Online Trading Sales Team
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
Aben Epapras Marketing aben.epapras@samuel.co.id +6221 2854 8389
