RISET SAHAM HARIAN
Samuel Equity Research
Friday, 23 December 2016
www.samuel.co.id
DISCLAIMERS : Anal yst Certification : The vi ews express ed in this research acc urat el y reflect t he personal views of t he anal ys t(s) about t he s ubjec t s ecurities or issuers and no part of the c ompens ation of the analys t(s) was, is, or will be direc tl y or indirec tl y related t o the incl usion of s pecific recommendati ons or vi ews in this res earch. The anal yst(s) princi pall y res ponsible for the pr eparati on of this r esearch has t aken reasonable car e to ac hi eve and maintain i ndependence and obj ecti vit y in maki ng any rec ommendati ons . This document is for inf ormation onl y and f or the use of the recipient . It is not to be repr oduced or copied or made available to ot hers. Under no circumst anc es is it t o be considered as an off er t o s ell or solicitation t o buy any s ecurit y. Any r ecommendation c ontai ned in this report may not be s uit able f or all invest ors. Mor eover, although the i nfor mation cont ained herein has been obtained from sources believed t o be r eliabl e, its accurac y, c omplet eness and reli abilit y c annot be guaranteed. All rights res er ved by PT Samuel Sekuritas Indonesi a.
:
5,042.9
:
-68.5
(-1.34%)
:
4,050
Mn shrs
:
5,327
Bn rupiah
Last
Close
+/-
%
DNET
1,150
60
5.5
SMRA
1,300
50
4.0
SCMA
2,560
40
1.6
MIKA
2,540
40
1.6
HMSP
3,630
-110
-2.9
ASII
7,525
-175
-2.3
UNVR
37,975
-525
-1.4
BBRI
10,875
-125
-1.1
Foreign Net Buy / Sell
Net Buy (Rpbn)
Net Sell (Rpbn)
BMRI
146
BBRI
101
LPPF
24
UNVR
58
ADHI
13
SCMA
41
BUMI
12
HMSP
30
BWPT
9
INCO
25
Money Market
Last
Close
+/-
%
USD/IDR
13,453
-16.0
0.1
JIBOR O/N
4.2
0.0
-Infl (MoM)
0.5
-
-Dual Listing Securities
Last
Close
+/-
%
TLKM
27.6
-0.3
-1.2
ISAT
39.4
-0.5
-1.3
EIDO
22.7
-0.4
-1.7
World Indices
Last
Close
+/-
%
DJIA
19,919
-23
-0.1
S&P 500
2,261
-4
-0.2
Euro Stoxx
3,270
-1
0.0
MSCI World
1,758
-2
-0.1
Nikkei
19,428
-17
-0.1
Hang Seng
21,636
-174
-0.8
Commodities
Last
Close
+/-
%
Brent Oil
55
0.6
1.1
CPO Malay
3,076
-38.0
-1.2
Coal Newc
90
1.1
1.2
Nickel
10,693
-100.3
-0.9
Tin
21,065
31.0
0.1
Changes
Changes
Changes
Changes
Lagging Movers
Market Value
Changes
Leading Movers
Market Activity
Friday, 23 Dec 2016
Market Index
Index Movement
Market Volume
Stagnan menyambut hari libur
Bursa US ditutup melemah meski data pertumbuhan ekonomi di
3Q16 tercatat jauh diatas konsensus, tercatat 3,5% vs konsensu s
3,3% vs 2Q16 3,2%. Di sisi lain,
data jobless claims
tercatat
meningkat 21.000 menjadi 275.000 di periode 17 Desember,
melebihi estimasi konsensus yang sebesar 256.000. Dari pasar
komoditas, harga minyak tercatat menguat ke level US$ 55/barel,
dengan katalis rencana pemangkasan produksi negara penghasil
minyak sedangkan emas menguat ke US$ 1.129/toz seiring dengan
pembelian emas untuk cadangan negara (gold reserves) oleh Rusia
di bulan November, cadangan tercatat meningkat menjadi 51,9 juta
toz.
Bursa wilayah Asia Pasifik pagi ini dibuka turun dengan bursa
Jepang ditutup hari ini untuk merayakan hari ulang tahun kaisar
Jepang, Kaisar Akihito. Kami memperkirakan IHSG masih stagnan
menyambut libur Natal dan Tahun Baru 2017. Berita perubahan
rating credit outlook
dari Fitch menjadi sentimen positif, rencana
pelonggaran ekspor mineral mentah, serta survey Bloomberg yang
menyatakan Indonesia dan India merupakan negara favorit investor
global untuk emerging market akan menjadi katalis untuk
pergerakan bursa. Nilai tukar rupiah tercatat melemah ke Rp13.473,
sedangkan EIDO tercatat turun.
Highlights
TLKM
: Telkomsel akan menggandeng 14 mitra bisnis baru
AKRA
: 6 investor akan investasi di kawasan industri JIIPE
WIKA
: Siapkan capex Rp12tn
TINS
:Bersama sucofindo kerjasama di bidang pertambangan
www.samuel.co.id
Page
2
of
7
TLKM : Telkomsel akan menggandeng 14 mitra bisnis baru
Anak usaha PT Telekomunikasi Indonesia Tbk (TLKM), Telkomsel, menggandeng
14 mitra bisnis untuk memasarkan produk layanan telekomunikasi. Mitra bisnis
berasal dari beragam bidang, seperti Traveloka, Grab, Bukalapak, dan lain lain.
(
Kontan
)
TLKM: Buy; 17E’ PE:15.6x, PBV: 3.8x.
AKRA: 6 investor akan investasi di kawasan industri JIIPE
Kawasan industri milik PT AKR Corporindo Tbk (AKRA), Java Integrated Industrial
and Port (JIIPE) di Gresik, Jawa Timur mulai menarik investor dari industri
manufaktur. Sekitar 6 investor akan melakukan investasi di kawa san tersebut mulai
tahun depan, perusahaan tersebut bergerak di food industries, chemical, building
industries dan akan mengakuisisi 40 ha lahan.
Pasokan listrik yang dibutuhkan oleh industri di kawasan tersebut di rencanakan
akan mulai mengalir di 3Q17. (
Kontan
)
AKRA: Buy; 17E’ PE:17.6x, PBV: 2.9x.
WIKA: Siapkan capex Rp12tn
PT Wijaya Karya, Tbk (WIKA) mengalokasikan belanja modal sebesar Rp12tn
dengan target order book sebesar Rp102.93tn (26.3%mengalokasikan belanja
modal sebesar Rp12tn dengan target order book sebesar Rp102.93tn (26.3%YoY),
dimana sebesar Rp43.26tn adalah target kontrak baru. Selain itu, perusahaan juga
optimis proses pembebasan lahan proyek HRCnya akan segera selesai. (
Investor
Daily
).
WIKA: Buy; 17.1x P/E17E dan 2.0x PBV 17E
.
TINS: Bersama sucofindo kerjasama di bidang pertambangan
PT Timah Tbk dan PT Sucofindo (Persero) bersinergi dalam peningkatan kinerjadan
pengembangan bisnis barang dan jasa di sektor pertambangan. Kerja sama
tersebut terkait dengan kualitas, kuantitas produksi, dan kegiatan eksplorasi serta
operasi produksi bahan mineral serta bahan tambang lainnya.
Kerjasama tersebut meliputi kegiatan yang berkaitan dengan bidang inspeksi dan
audit, pengujian komoditi timah, analisa dampak lingkungan (AMDAL), sertifikasi,
konsultasi, pelatihan, kegiatan eksplorasi, dan jasa lainnya untuk proses bisnis di
Timah. (
Investor Daily
).
TINS: Buy; 17E’ PE: 52.1x, PBV: 1.5x.
www.samuel.co.id
Page
3
of
7
Mining: Ekspor Mineral Mentah Siap Dibuka
Pemerintah sudah menyepakati sejumlahpoin revisi Peraturan Pemerintah(PP)
Nomor 23/2010tentang Pelaksanaan KegiatanUsaha Pertambangan Mineraldan
Batubara (Minerba), serta aturan turunannya. Menteri Energi dan Sumber Daya
Mineral Ignasius Jonan menyatakan, ada dua poin kesepakatan.
Pertama,
relaksasi
perubahan
pengajuanperpanjangan
izin
usaha
pertambangan.Aturan yang berlakusaat ini menetapkan pembahasannya bisa
dilakukandalam dua tahun sebelumkontrak pertambangan. Pemerintah akan
mengubahnyamenjadi lima tahun lebih cepat.
Kedua, pemerintah akan membuka dan membebaskan ekspor bijih mineral mentah.
Syaratnya, pemegang kontrak karya (KK) mengubahstatusnya menjadi Izin
UsahaPe r t ambang an Khusus(IUPK).
Belum dijelaskan mendetail jeniskomoditas yang berhak dapat relaksasi.
Konsentrat tembaga dapat relaksasI, sedangkan untuk komoditas nikel ore dan
bauksit tidak. (
Kontan
).
Mining: Overweight.
www.samuel.co.id
Page
4
of
7
Ticker Rec. JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons TP SSI Upside
(%) (Rp) (%) (%) (%) (%) (Rp) (Rp) (%) 16E 17E 16E 17E 16E 17E 16E 17E
Banks
BMRI BUY 4.5 10750 0.0 (0.46) (1.4) 16.2 11031 12400 15.3 14.4 11.2 1.6 1.5 11.3% 13.1% n/a n/a
BBCA BUY 6.5 14550 (0.9) (1.52) (1.0) 9.4 16251 17100 17.5 18.4 15.5 3.2 2.8 17.6% 17.9% n/a n/a
BBRI BUY 4.9 10875 (1.1) (4.61) (5.4) (4.8) 13039 13700 26.0 10.3 8.9 1.9 1.6 17.9% 18.1% n/a n/a
BBNI BUY 1.8 5300 (0.9) (1.85) 3.4 6.2 6341 6300 18.9 9.3 7.6 1.1 1.0 12.2% 13.4% n/a n/a
BBTN BUY 0.3 1630 (1.2) (4.96) (5.2) 25.9 2045 2300 41.1 7.4 6.2 0.9 0.8 12.4% 13.1% n/a n/a
Average 12.0 9.9 1.8 1.5 14.3% 15.1% n/a n/a
Consumer (Staples) ICBP BUY 1.7 7775 (1.9) (10.63) (11.4) 15.4 10109 10300 32.5 24.4 21.8 5.1 4.5 21.0% 20.8% 18.1 15.4 INDF BUY 1.2 7250 (1.7) (9.09) (5.8) 40.1 9916 9900 36.6 16.1 13.6 2.1 1.9 13.2% 14.2% 8.9 8.0 KLBF BUY 1.2 1430 (1.7) (6.54) (4.7) 8.3 1763 1700 18.9 29.8 26.5 5.7 5.0 19.1% 19.0% 20.4 17.1 ROTI BUY 0.1 1510 0.0 (0.33) (1.9) 19.4 1763 2000 32.5 28.5 21.3 5.4 4.5 18.9% 21.1% 13.3 11.8 ULTJ BUY 0.2 4500 (1.3) (0.44) (2.2) 14.1 2703 5300 17.8 20.6 16.9 3.9 3.2 18.7% 18.9% 13.0 11.1 UNVR BUY 5.3 37975 (1.4) (5.42) (6.1) 2.6 43996 45200 19.0 45.4 40.6 53.9 47.3 118.9% 116.6% 31.7 29.0 SIDO BUY 0.1 515 (4.6) (4.63) (6.4) (6.4) 640 700 35.9 16.0 14.3 2.8 2.7 17.7% 18.9% 7.3 5.8 AISA BUY 0.1 1910 (0.5) (2.05) (3.5) 57.9 2427 2240 17.3 15.3 11.7 1.6 1.4 10.7% 12.2% 13.9 12.5 Average 25.8 22.1 11.3 9.9 32.5% 32.8% 16.1 14.0 Cigarette HMSP BUY 7.7 3630 (2.9) (9.25) (7.6) (3.5) 4255 4390 20.9 35.6 31.9 11.9 10.8 33.3% 33.8% 25.5 23.1 GGRM BUY 2.1 60850 (1.9) (8.22) (5.7) 10.6 77849 77150 26.8 17.9 17.2 2.7 2.4 15.2% 14.1% 11.7 10.8 Average 26.8 24.6 7.3 6.6 24.2% 24.0% 18.6 16.9 Healthcare MIKA HOLD 0.7 2540 1.6 1.60 (6.3) 5.8 3109 2950 16.1 55.5 48.7 10.3 9.3 18.5% 19.1% 29.8 26.9 SILO BUY 0.2 10100 0.5 (0.98) 1.6 4.7 11149 12500 23.8 134.7 106.1 5.5 5.0 4.1% 4.7% 19.9 16.2 Average 95.1 77.4 7.9 7.1 11.3% 11.9% 24.8 21.5 Retail MAPI BUY 0.1 4790 (4.7) (4.68) (2.0) 26.2 5644 6700 39.9 42.4 24.9 2.5 2.2 5.8% 9.0% 8.3 6.6 RALS BUY 0.1 1145 (1.7) 4.57 (6.1) 77.5 1358 1500 31.0 20.8 17.6 2.3 2.1 11.0% 12.1% 16.6 15.6 ACES BUY 0.2 785 (3.1) (3.09) (9.8) (4.8) 973 1000 27.4 21.8 20.1 4.6 4.2 21.2% 20.7% 15.0 13.2 LPPF BUY 0.8 14450 (0.3) 0.35 (0.9) (17.9) 20236 21300 47.4 19.8 17.5 19.3 12.5 97.7% 71.2% 13.1 11.7 Average 26.2 20.0 7.2 5.3 33.9% 28.3% 13.2 11.8 Telco EXCL HOLD 0.4 2240 0.9 (1.32) (0.4) (37.8) 3173 2200 -1.8 280.0 38.6 1.1 1.1 0.4% 2.8% 5.2 4.5 ISAT BUY 0.6 6175 0.8 (0.40) (2.0) 12.3 7661 7200 16.6 41.4 19.1 2.5 2.2 6.0% 11.7% 4.1 3.6 TLKM BUY 6.9 3750 (0.8) (4.09) (4.8) 21.3 4692 5000 33.3 19.1 15.6 4.3 3.8 22.3% 24.0% 7.4 6.7 TOWR BUY 0.7 3600 0.0 - (2.7) (24.2) 4838 4500 25.0 11.8 10.5 3.4 2.6 28.8% 24.5% 8.6 7.9 Average 88.1 20.9 2.8 2.4 0.1 0.2 6.3 5.7 Auto and HE ASII BUY 5.6 7525 (2.3) (2.90) (3.2) 25.4 8756 9000 19.6 16.5 13.6 2.7 2.3 16.7% 17.2% 14.1 13.6 UNTR BUY 1.3 19525 (3.1) (13.41) (10.8) 15.2 24152 25050 28.3 16.8 14.2 1.8 1.7 10.7% 11.9% 4.6 4.1 Average 16.7 13.9 2.3 2.0 13.7% 14.6% 9.4 8.8 Aviation GIAA BUY 0.2 332 (2.4) (10.75) (2.9) 7.4 395 445 34.0 17.5 12.8 0.7 0.9 3.8% 7.1% 0.9 3.2 Property BSDE BUY 0.6 1660 (2.9) (5.14) (8.5) (7.8) 2369 2350 41.6 13.0 10.6 1.4 1.2 11.1% 11.8% 9.6 8.4 PWON HOLD 0.5 545 (0.9) (7.63) (21.0) 9.9 726 710 30.3 19.6 18.1 3.3 2.9 16.8% 15.8% 7.8 6.7
KPIG BUY 0.2 1400 (4.8) 3.70 21.2 (0.7) n/a 1810 29.3 32.6 27.5 1.2 1.1 3.5% 4.1% n/a n/a
ASRI HOLD 0.1 344 (2.3) (7.03) (9.9) 0.3 436 390 13.4 10.7 10.1 1.0 0.9 9.0% 8.8% 5.6 4.8 SMRA BUY 0.3 1300 4.0 (6.81) (7.1) (21.2) 1706 1750 34.6 28.6 26.8 2.4 2.3 8.5% 8.4% 8.9 8.0 Average 18.0 16.4 2.0 1.8 11.4% 11.2% 8.0 7.0 Construction PTPP BUY 0.4 3600 (3.7) (5.76) (6.7) (2.3) 4780 5100 41.7 22.0 19.0 3.1 2.7 13.9% 14.4% 11.8 10.4 ADHI BUY 0.1 1995 (3.6) (4.55) (0.3) (6.8) 2576 2750 37.8 15.0 12.4 1.3 1.2 8.9% 9.5% 5.6 4.9 WSKT BUY 0.6 2300 (2.5) (8.73) (2.5) 37.7 3290 3250 41.3 17.9 14.6 1.7 1.4 9.2% 9.9% 19.8 16.9 WIKA BUY 0.4 2320 (3.3) (8.30) (5.7) (5.1) 3050 3000 29.3 20.2 17.1 2.3 2.0 11.2% 11.4% 12.2 10.5 Average 18.8 15.8 2.1 1.8 10.8% 11.3% 12.3 10.7 Cement INTP SELL 1.0 15000 (2.6) (7.12) 2.9 (32.8) 16301 13500 -10.0 13.4 13.1 2.1 1.9 15.6% 14.4% 6.9 5.9 SMGR HOLD 1.0 8925 (2.2) (0.56) 6.3 (21.7) 10350 9000 0.8 13.6 13.1 1.9 1.7 13.7% 12.9% 5.4 4.4 SMCB SELL 0.1 880 (1.1) (2.76) (1.1) (11.6) 920 700 -20.5 -88.0 -36.7 0.8 0.8 -0.9% -2.3% 9.8 8.0 SMBR HOLD 0.5 2550 (1.2) (2.67) 2.4 776.3 382 2300 -9.8 77.3 67.1 7.7 6.7 9.9% 10.0% 52.8 47.5 Average 4.1 14.2 3.1 2.8 0.1 0.1 18.7 16.4 Precast WSBP BUY 0.3 530 (2.8) (6.19) (6.2) NA 693 690 30.2 26.2 20.8 2.2 2.0 8.4% 9.6% 21.2 16.7 WTON BUY 0.1 825 (2.4) (2.94) (0.6) 0.0 1094 1150 39.4 25.6 19.5 2.6 2.1 10.2% 10.9% 18.8 14.7 Average 25.9 20.2 2.4 2.1 9.3% 10.2% 20.0 15.7 EV/EBITDA (x) PE PBV ROE
www.samuel.co.id
Page
5
of
7
Ticker Rec. JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons TP SSI Upside
(%) (Rp) (%) (%) (%) (%) (Rp) (Rp) (%) 16E 17E 16E 17E 16E 17E 16E 17E
Utility
PGAS BUY 1.1 2480 (3.9) (11.43) (2.0) (9.7) 3058 3375 36.1 10.6 8.8 1.3 1.2 12.3% 13.5% 7.0 6.2
JSMR BUY 0.5 4130 (3.5) (7.81) (1.7) (20.8) 5720 5000 21.1 15.8 15.6 2.4 2.2 15.3% 13.9% 10.3 9.9
Average 13.2 12.2 1.9 1.7 13.8% 13.7% 8.6 8.0
Coal and Metal
ANTM BUY 0.4 860 (2.8) (3.91) (11.8) 173.9 862 990 15.1 430.0 122.9 1.1 1.1 0.3% 0.9% 35.4 28.1 INCO BUY 0.5 2700 (4.3) (16.92) (19.9) 65.1 2811 3500 29.6 207.7 29.3 1.1 1.1 0.5% 3.7% 13.8 8.9 TINS BUY 0.1 1095 (3.1) (3.95) (12.4) 116.8 1153 1200 9.6 109.5 52.1 1.5 1.5 1.4% 2.9% 8.1 7.1 ITMG BUY 0.3 16075 (3.7) (8.14) (0.8) 180.8 18207 19000 18.2 13.5 6.9 1.5 1.4 11.3% 19.6% 6.0 6.6 ADRO BUY 1.0 1680 0.6 0.60 3.1 226.2 1828 2100 25.0 15.0 12.7 1.1 1.1 7.6% 8.5% 9.8 8.6 PTBA BUY 0.5 12175 0.0 (4.13) 2.3 169.1 14121 15000 23.2 20.4 12.6 2.9 2.5 14.1% 19.9% 15.4 9.5 Average 132.7 39.4 1.5 1.4 5.9% 9.2% 14.7 11.5 Plantation AALI BUY 0.6 16575 (1.3) (2.79) 6.3 9.7 18028 19800 19.5 19.2 18.2 2.0 2.0 10.7% 10.7% 14.4 13.0 LSIP BUY 0.2 1690 (3.2) (4.79) 0.9 28.0 1791 2050 21.3 23.8 15.2 1.5 1.4 6.3% 9.1% 7.0 5.7 SIMP BUY 0.1 486 (0.8) (3.76) (2.8) 46.4 558 600 23.5 17.4 11.0 0.5 0.5 3.1% 4.9% 5.9 5.5 Average 20.1 14.8 1.4 1.3 6.7% 8.2% 9.1 8.1 Poultry CPIN BUY 0.9 2900 (4.3) (8.81) (13.9) 11.5 3734 4500 55.2 13.7 12.2 1.8 1.6 13.0% 12.8% 11.5 10.5 JPFA BUY 0.3 1480 (6.3) (11.38) (15.7) 133.1 2326 2200 48.6 8.9 8.1 1.8 1.5 20.7% 18.7% 8.1 10.8 MAIN BUY 0.0 1190 (0.8) (5.56) (9.2) (22.0) 1989 1730 45.4 7.0 6.4 1.1 1.0 16.3% 15.6% 10.0 8.3 Average 9.9 8.9 1.6 1.4 16.7% 15.7% 9.9 9.9 Other Sectors AKRA BUY 0.4 5500.0 -3.5 -12.7 -17.0 -23.3 7400.0 7600 38.2 19.7 17.6 3.2 2.9 16.2% 16.3% 13.2 10.6 DOID BUY 0.1 492.0 -3.5 -3.5 -6.3 811.1 na 850 72.8 8.8 4.6 2.5 1.7 28.7% 35.9% 4.3 3.9 Average 14.2 11.1 2.9 2.3 22.5% 26.1% 8.8 7.3
Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, INCO, DOID report in USD.
EV/EBITDA (x)
www.samuel.co.id
Page
6
of
7
Regional Indices 1D ChangePoints 1D 3D 1W 1M 3M YTD 1YR High Low
World (2.26) 1,758 (0.13) (0.20) 0.18 2.81 1.63 5.72 5.16 1,776 1,460 U.S. (S&P) (4.22) 2,261 (0.19) (0.07) (0.05) 2.55 4.45 10.62 9.53 2,278 1,810 U.S. (DOW) (23.08) 19,919 (0.12) 0.18 0.34 4.38 9.08 14.31 13.16 19,988 15,451 Europe (1.24) 3,270 (0.04) 0.36 0.61 7.83 7.82 0.06 (0.52) 3,314 2,673 Emerging Market (8.66) 843 (1.02) (1.01) (1.88) (1.57) (8.17) 6.09 4.90 930 687 FTSE 100 22.26 7,064 0.32 0.66 0.92 3.61 2.23 13.16 n/a 7,130 5,500 CAC 40 0.81 4,835 0.02 0.25 0.32 6.74 7.71 4.26 3.42 4,857 3,892 Dax (12.54) 11,456 (0.11) 0.26 0.79 7.44 7.80 6.64 6.79 11,480 8,699 Indonesia (68.52) 5,043 (1.34) (2.87) (4.03) (3.24) (6.42) 9.79 11.50 5,492 4,409 Japan (16.82) 19,428 (0.09) 0.19 0.80 6.96 15.96 2.07 2.86 19,593 14,864 Australia (2.54) 5,641 (0.05) 0.90 1.96 2.86 3.87 6.52 9.72 5,650 4,707 Korea (1.44) 2,034 (0.07) (0.37) (0.39) 2.33 (0.96) 3.72 1.75 2,074 1,818 Singapore (19.66) 2,882 (0.68) (1.07) (1.66) 1.49 0.88 (0.02) 0.64 2,981 2,528 Malaysia (6.39) 1,623 (0.39) (0.68) (0.84) (0.44) (2.86) (4.10) (2.42) 1,729 1,601 Hong Kong (173.60) 21,636 (0.80) (0.90) (1.92) (4.59) (8.66) (1.27) (1.83) 24,364 18,279 China 2.13 3,140 0.07 0.69 0.70 (3.13) 3.48 (11.29) (13.66) 3,685 2,638 Taiwan (85.51) 9,119 (0.93) (1.30) (2.58) (0.65) (1.79) 9.36 9.66 9,430 7,628 Thailand (4.45) 1,504 (0.29) (1.20) (1.02) 0.52 0.75 16.78 18.02 1,558 1,221 Philipines (99.19) 6,587 (1.48) (1.89) (3.91) (3.65) (14.71) (5.25) (5.93) 8,118 6,084
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) 0.01 4.22 23.25 24.53 3.07 (44.45) (28.39) 8.26 4.20 Foreign Reserve (US$bn) n/a 111.47 n/a (3.10) (1.83) 5.23 11.20 115.67 102.13 Inflation Rate (%) n/a 0.47 n/a 235.71 2450.00 (51.04) 123.81 0.96 (0.45)
US Fed Rate (%) 0.00 0.75 0.00 50.00 50.00 50.00 50.00 0.75 0.50 Indo Govt Bond Yld (10yr) - % (0.00) 7.86 (1.55) (2.31) 14.46 (10.12) (9.97) 8.86 6.77
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia (16.00) 13453 0.12 (0.50) (0.41) (0.07) 2.49 2.49 1.65 13,985 12,920 Japan (0.07) 117.47 0.06 0.33 0.39 (4.21) 2.34 2.34 2.94 121.69 99.02
UK (0.00) 1.23 (0.04) (0.73) (1.74) (1.33) (16.68) (16.68) (17.44) 1.50 1.18
Euro 0.00 1.04 0.02 0.49 (0.11) (1.08) (3.89) (3.89) (4.33) 1.16 1.04 China 0.00 6.95 (0.06) 0.17 (0.02) (0.84) (6.54) (6.54) (6.76) 6.96 6.45
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (0.31) 52.64 (0.59) 0.78 1.43 9.76 18.35 42.12 40.37 54.51 26.05 CPO (38.00) 3,076.00 (1.22) (2.10) (2.69) 5.05 12.88 23.78 24.64 3,202.00 2,172.00 Rubber 3.00 953.50 0.32 (0.05) 0.21 14.74 37.59 76.74 64.68 954.00 506.50 Coal 1.05 90.00 1.18 6.64 7.59 (3.12) 24.22 77.87 75.10 112.25 51.75 Iron Ore (1.00) 78.98 (1.25) (3.04) (4.24) 8.15 42.82 81.98 104.08 83.70 39.80 Tin 31.00 21,065.00 0.15 (1.10) (1.38) (1.01) 8.05 44.37 43.57 21,945.00 13,223.80 Nickel (100.00) 10,730.00 (0.92) (1.38) (5.04) (5.63) 0.66 21.66 24.19 12,145.00 7,550.00 Copper 13.00 5,518.00 0.24 0.40 (3.73) (1.69) 13.70 17.28 18.27 6,045.50 4,318.00 Gold (2.50) 1,129.10 (0.22) (1.04) 0.04 (6.78) (15.78) 6.49 5.12 1,377.50 1,058.50 Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price Change (%) 1 Year
Change (%) 1 Year
www.samuel.co.id
Page
7
of
7
Research Team
Andy Ferdinand, CFA
Head Of Equity Research,Strategy,
Banking, Consumer
andy.ferdinand@samuel.co.id
+6221 2854 8148
Rangga Cipta
Economist
rangga.cipta@samuel.co.id
+6221 2854 8396
Muhamad Makky Dandytra, CFTe
Technical Analyst
makky.dandytra@samuel.co.id
+6221 2854 8382
Akhmad Nurcahyadi, CSA
Auto, Aviation, Cigarette, Construction
Healthcare, Heavy Equipment, Property
akhmad.nurcahyadi@samuel.co.id
+6221 2854 8144
Arandi Ariantara
Cement, Telecommunication, Utility
arandi.ariantara@samuel.co.id
+6221 2854 8392
Marlene Tanumihardja
Poultry, Retail, Small Caps
marlene@samuel.co.id
+6221 2854 8387
Sharlita Lutfiah Malik
Mining, Plantation
sharlita.malik@samuel.co.id
+6221 2854 8339
Adde Chandra Kurniawan
Research Associate
adde.kurniawan@samuel.co.id
+6221 2854 8338
Private Wealth Management
Evelyn Satyono
Head of PWM /
Head of Institutional Marketing
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
Wahyudi Budiono
Dealer
wahyudi.budiyono@samuel.co.id
+6221 2854 8152
Equity Sales Team
Kelvin Siwah Long
Head of Equities
kelvin.long@samuel.co.id
+6221 2854 8150
Yulianah
Institutional Equity Sales
yulianah@samuel.co.id
+6221 2854 8146
Indra S. Affandi
Institutional Equity Sales
indra.siswandi@samuel.co.id
+6221 2854 8334
Lucia Irawati
Head of Retail Equity Sales
lucia.irawati@samuel.co.id
+6221 2854 8173
Ferry Khusaeri
Equity Sales
ferry.khusaeri@samuel.co.id
+6221 2854 8304
Iwan Setiadi
Equity Sales
iwan.setiadi@samuel.co.id
+6221 2854 8313
Lia Chaterina
Equity Sales
liachaterina@samuel.co.id
+6221 2854 8315
Amelia Sintama
Equity Sales
amelia@samuel.co.id
+6221 2854 8308
Salt World Widjaja
Equity Sales
salt@samuel.co.id
+6221 2854 8163
Jovita Widjaja
Equity Sales
jovita.widjaja@samuel.co.id
+6221 2854 8314
James Wihardja
Equity Sales
james.wihardja@samuel.co.id
+6221 2854 8397
Joseph Soegandhi
Equity Sales
joseph.soegandhi@samuel.co.id
+6221 2854 8872
Dian Anggraeni
Equity Sales
dian.anggraeni@samuel.co.id
+6221 2854 8301
Sylviawati
Equity Sales
sylviawati@samuel.co.id
+6221 2854 8112
Verawati Gunawan
Equity Sales
verawati.gunawan@samuel.co.id
+6221 2854 8312
Cenni Liawisusi
Equity Sales
cenni.liawisusi@samuel.co.id
+6221 2854 8303
Frans Ferdiansah
Equity Sales
frans.ferdiansah@samuel.co.id
+6221 2854 8337
Muhamad Faisyal
Dealer
m.faisal@samuel.co.id
+6221 2854 8155
Wulan Budi Setyowati
Dealer
wulan.setyowati@samuel.co.id
+6221 2854 8369
Bismar Ferryaman
Dealer
bismar.ferryaman@samuel.co.id
+6221 2854 8368
Online Trading Sales Team
Nugroho Nuswantoro
Head Of Marketing OLT
nugroho@samuel.co.id
+6221 2854 8372
Wahyu Widodo
Marketing
wahyu.widodo@samuel.co.id
+6221 2854 8371
Rina Lestari
Customer Service
rina.lestari@samuel.co.id
+6221 2854 8180
Martha Lamtiurma Tampubolon
Customer Service
martha.lamtiurma@samuel.co.id
+6221 2854 8182
Mohamad Andhika Prasetia
Customer Service
andhika@samuel.co.id
+6221 2854 8183
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.
