Riset Saham Harian
Samuel Research 25 Agustus 2017
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Menunggu pertemuan Jackson Hole
Indeks AS semalam ditutup melemah jelang pertemuan Jackson Hole, dimana Gubernur the Fed, Janet Yellen dan Gubernur bank sentral Eropa, Mario Draghi akan berbicara di depan forum bertajuk “Dynamic Global Economy” untuk membahas kebijakan moneter global. Investor juga
mencermati pernyataan Presiden AS, Donald Trump mengenai plafon utang. Dari data ekonomi, data penjualan rumah bekas tercatat inline di level 5,4 miliar, turun 1,3% yoy, sementara data jobless claims tercatat inline di level bawah di 234.000 dan masih tetap menunjukkan sehatnya lapangan pekerjaan AS.
Dari komoditas, harga minyak Brent tercatat menguat ke US$ 52,3/barrel menyusul lanjutan penurunan data persediaan AS sebesar 3,3 juta barel ke 463,2 juta, turun 6% yoy. Sementara harga emas tercatat flat di US$ 1.286/toz.
Kami memprediksi IHSG flat menunggu hasil pertemuan Jackson Hole. Bank Indonesia (BI) saat ini sedang mengkaji perubahan peraturan loan to funding ratio menjadi financing to funding ratio, untuk mendorong perbankan
menyalurkan dana selain kredit nya tidak hanya ke instrument negara, tetapi juga membeli obligasi yang diterbitkan oleh perusahaan. Nilai tukar rupiah ditransaksikan flat di Rp13.344, sementara pasar EIDO melemah.
Highlights
Sektor konsumsi: Beleid harga beras dapat picu masalah baru
TINS: Fokus pada ekspansi tambang baru
Perbankan: NPL per Juli 2017 tercatat 3%, LFR diganti FFR
ERAA: Agar Penjualan Gadget Laris, Perusahaan Merambah IoT
BUMI: Perpanjang nota penukaran utang
Semen: 4 produsen semen ekspansi Rp 15 triliun
EXCL: Lepas saham Elevenia
JSMR: Kaji penghapusan gerbang tol Cikarang Utama
Toll Road: Operator beri diskon tarif 10%
: 5,894.1 : -19.9 (-0.34%) : 4,050 Mn shrs : 5,327 Bn rupiah Last Close +/- % UNTR 30,475 975 3.3 BNLI 755 55 7.9 NIKL 3,670 590 19.2 MYOR 1,945 40 2.1 HMSP 3,640 -60 -1.6 BBCA 18,950 -200 -1.0 UNVR 49,500 -425 -0.9 TLKM 4,780 -20 -0.4
Foreign Net Buy / Sell
Net Buy (Rpbn) Net Sell (Rpbn)
BBNI 68 BMRI 186 UNTR 25 ASII 61 LPPF 22 TLKM 48 GGRM 18 INCO 19 INTP 17 EXCL 14 Money Market Last Close +/- % USD/IDR 13,347 -12.0 0.1 JIBOR O/N 4.1 0.0 -Infl (MoM) 0.2 -
-Dual Listing Securities
Last Close +/- % TLKM 35.7 -0.3 -0.8 ISAT 39.3 0.0 -0.1 EIDO 27.2 -0.2 -0.7 World Indices Last Close +/- % DJIA 21,783 -29 -0.1 S&P 500 2,439 -5 -0.2 Euro Stoxx 3,445 6 0.2 MSCI World 1,940 -2 -0.1 Nikkei 19,402 48 0.2 Hang Seng 27,519 117 0.4 Commodities Last Close +/- % Brent Oil 52 0.3 0.6 CPO Malay 2,777 39.0 1.4 Coal Newc 98 0.3 0.4 Nickel 11,702 83.5 0.7 Tin 20,615 -55.0 -0.3 Changes Changes Changes Changes Lagging Movers Market Value Changes Leading Movers Market Activity Friday, 25 Aug 2017 Market Index Index Movement Market Volume
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Sektor konsumsi: Beleid harga beras dapat picu masalah baru
Keputusan Kementerian Perdagangan menetapkan Harga Eceran Tertinggi untuk jenis beras medium dan premium yang berbeda di tiap daerah dikhawatirkan menimbulkan masalah baru. Penetapan HET beras medium sebesar Rp9,450 per kilogram dan beras premium Rp12,850 per kilogram diperkirakan hanya akan menguntungkan pedagang saja dan berpotensi dapat
merugikan petani dan konsumen.
Menurut keterangan Ketua Umum Koperasi Pasar Induk Beras Cipinang, keputusan HET beras oleh Kemdag akan menimbulkan persoalan baru yang berpotensi membuat harga beras naik di tengah produksi beras nasional yang semakin berkurang, apabila jika tidak ada impor.
Menurutnya, bila pemerintah menyerahkan harga beras pada mekanisme pasar, maka kelangkaan beras dapat terhindarkan. (Kontan). Sektor konsumsi: Neutral.
TINS: Fokus pada ekspansi tambang baru
PT Timah Tbk (TINS) akan fokus mengeksplorasi dan membuka tambang baru komoditas timah di dalam atau luar Kepulauan Bangka Belitung. Perseroan belum dapat menginformasikan luas lahan ataupun biaya investasi.
TINS juga berencana membangun dua proyek smelter , yakni smelter ausmelt dan smelter fuming. Target operasional smelter fuming pada semester II 2018. Sementara target operasional smelter ausmelt yang menyedot dana investasi Rp 550 miliar adalah tahun 2020.
Disisi lain, TINS masihmemiliki izin usaha tambang (IUP)yang berlaku hingga 2025.
Perseroaanjuga memiliki lahan konsesi seluas 473hektare (ha). Bahkan, akhir tahun ini,perseroan optimistis jumlah produksi Btimah dapat sesuai target yang berkisar 30 -33 ribu ton. (Company) TINS: Buy; 43.6x P/E17E dan 1.3x PBV 17E.
Perbankan: NPL per Juli 2017 tercatat 3%, LFR diganti FFR
OJK mencatat NPL gross per Juli 2017 tercatat 3% atau naik tipis dari 2,96% per Juni 2017. Namun modal bank yang relatif kuat dinilai dapat menjadi bantalan mengantisipasi resiko kualitas kredit tersebut.
Selama ini banyak dana perbankan disimpan di BI atau di SBN. Agar dana tersebut bisa lebih optimal masuk ke sektor riil, bank didorong untuk menempatkan dananya di obligasi korporasi selain disalurkan sebagai kredit. Salah satunya, melalui perubahan aturan LFR (Loan to Funding) menjadi FFR (Financing to Funding), dimana FFR memasukkan komponen obligasi korporasi ke perhitungannya. Sejumlah bankir menilai hal itu bisa menaikkan rasio tersebut, namun tidak akan berdampak siknifikan ke likuiditas. (Investor Daily, Bisnis Indonesia). Banking: Overweight.
ERAA: Agar Penjualan Gadget Laris, Perusahaan Merambah IoT
Di tengah dominasi penjualan telepon seluler dan tablet, PT Erajaya Swasembada Tbk. (ERAA) akan memacu penjualan gadget dengan cara memaksimalkan Internet of Things (IoT). Menurut laporan keuangan 1H17, telepon seluler dan tablet mencatatkan penjualan sebesar Rp8,77 triliun atau sekitar 79,29% terhadap total penjualan perusahaan. Selain itu, ERAA juga masih ekspansif dalam penambahan gerai. Tahun ini, ERAA merencanakan penambahan 50 gerai, serta
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BUMI: Perpanjang nota penukaran utang
PT Bumi Resources Tbk (BUMI) memperpanjang waktu penawaran nota penukaran alias exchange of- fer memorandum (EOM) hingga 11 September 2017 pukul 16.00 waktu London untuk para kreditur separatis guna ditukarkan dengan instrument restrukturisasi.
Kreditur tersebut adalahCountry Forest Limited (CFL) dengan piutang US$ 1,9 miliar, China Development Bank Corporation (CDB) dengan piutang US$ 600 juta, Enercoal Resources Pte Ltd dengan nilai US$ 375 juta.Terakhir, kreditur atas utang pinjaman sindikasi dari gua - ranteed senior notes senilaiUS$ 300 juta dan senior notes US$ 700 juta. (Kontan). BUMI: Speculative Buy.
Semen: 4 produsen semen ekspansi Rp 15 triliun
Empat produsen semen tengah membangun 5 pabrik baru dengan total investasi sebesar Rp 15 triliun. Dua pabrik dibangun PT Semen Indonesia Tbk (SMGR), Conch Cement, PT Semen Grobogan dan PT Semen Garuda masing-masing membangun 1 pabrik. Pembangunan pabrik semen tersebut diperkirakan akan rampung dalam 3 tahun mendatang dan akan menambah kapasitas produksi semen nasional sebanyak 10 juta ton menjadi 117 juta ton. (Investor Daily). Cement: Underweight
EXCL: Lepas saham Elevenia
PT XL Axiata Tbk (EXCL) menandatangani perjanjian jual beli bersyarat (CSPA) untuk melepas seluruh saham PT XL Planet (Elevenia), termasuk seluruh saham SK Planet Global Holdings Pte Ltd (SK Planet) kepada PT Jaya Kencana Mulia Lestari dan Superb Premium Pte Ltd. Transaksi tersebut ditargetkan rampun pada 2H17. (Investor Daily). EXCL: Under Review.
JSMR: Kaji penghapusan gerbang tol Cikarang Utama
PT Jasa Marga Tbk (JSMR) berencana menghilangkan gerbang tol Cikarang Utama di ruas jalan bebas hambatan Jakarta – Cikampek. Kebijakan ini dapat memperlancar arus kendaraan yang melintas di ruas tol tersebut. (Investor Daily) JSMR: HOLD; 20.8x P/E17E dan 2.7x PBV 17E.
Toll Road: Operator beri diskon tarif 10%
Sejumlah badan usaha jalan tol (BUJT) memberlakukan diskon tarif tol sebesar 10% guna menggenjot penetrasi penggunaan kartu elektronik hingga 100% pada Oktober 2017.
Pemberlakuan diskon tarif tol berlaku akhir Agustus 2017 hingga awal November 2017. (Investor Daily). Toll Road: Neutral.
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Stock Rec. Mkt Cap JCI Wgt Last price 1D Chg YTD Chg TP Cons TP SSI Upside PE PE PBV PBV ROE ROE (Rp bn) (%) (Rp) (%) (%) (Rp) (Rp) (%) 17E 18E 17E 18E 17E 18E Banks BMRI BUY 308,000 4.8 13200 (0.6) 14.0 13483 14400 9.1 15.5 12.6 1.8 1.5 11.3% 12.0% BBCA HOLD 467,212 7.2 18950 (1.0) 22.3 19255 18000 -5.0 20.2 19.0 3.6 3.1 17.9% 16.5% BBRI BUY 375,588 5.8 15225 (0.5) 30.4 15763 16600 9.0 13.3 11.6 2.3 2.0 16.9% 17.0% BBNI BUY 138,466 2.1 7425 0.3 34.4 7667 7700 3.7 10.5 8.8 1.4 1.3 13.5% 14.3% BBTN BUY 30,076 0.5 2840 (2.1) 63.2 2843 2870 1.1 9.6 9.0 1.4 1.2 14.4% 13.7% BNLI BUY 21,172 0.3 755 7.9 40.8 779 890 17.9 14.2 15.7 1.0 0.9 6.7% 5.7% Average 13.9 12.8 1.9 1.7 0.1 0.1 Consumer (Staples) ICBP BUY 100,292 1.6 8600 (1.4) 0.3 9320 9400 9.3 26.6 24.2 5.1 4.6 19.3% 19.0% INDF BUY 73,756 1.2 8400 0.6 6.0 9445 9900 17.9 15.8 13.7 2.2 2.0 14.2% 14.9% KLBF BUY 80,860 1.3 1725 (1.7) 13.9 1779 1750 1.4 32.5 28.8 6.1 5.4 18.7% 18.7% ROTI BUY 5,922 0.1 1170 (0.4) (26.9) 1274 1450 23.9 31.6 16.3 3.8 3.2 12.1% 19.6% UNVR HOLD 377,685 5.9 49500 (0.9) 27.6 49423 45200 -8.7 52.9 47.2 61.6 54.0 116.6% 114.4% SIDO BUY 7,575 0.1 505 1.0 (2.9) 588 700 38.6 14.0 11.2 2.7 2.5 18.9% 22.4% AISA BUY 3,396 0.1 1055 1.0 (45.8) 1660 1600 51.7 5.5 4.7 0.8 0.8 14.7% 16.5% Average 25.6 20.9 11.8 10.4 30.6% 32.2% Cigarette HMSP BUY 423,398 6.6 3440 (1.6) (5.0) 3991 4390 27.6 31.0 29.9 10.6 9.7 34.3% 32.4% GGRM BUY 137,187 2.2 67000 0.3 11.6 77664 77150 15.1 18.4 17.2 2.9 2.5 15.6% 14.8% Average 24.7 23.6 6.7 6.1 24.9% 23.6% Healthcare MIKA BUY 35,067 0.5 2410 0.0 (6.2) 2513 2950 22.4 44.6 40.8 8.7 7.9 19.6% 19.3% SILO HOLD 14,339 0.2 11025 0.2 1.1 12006 12500 13.4 136.1 107.0 4.5 4.1 3.3% 3.8% Average 90.4 73.9 6.6 6.0 11.4% 11.6% Poultry CPIN BUY 46,406 0.7 2830 0.0 (8.4) 3081 4500 59.0 11.9 11.1 1.5 1.4 12.8% 12.4% JPFA BUY 13,065 0.2 1145 (2.6) (21.3) 1524 1500 31.0 6.7 5.4 1.2 1.0 18.0% 18.9% MAIN BUY 2,082 0.0 930 (0.5) (28.5) 1015 2280 145.2 5.0 4.0 0.8 0.7 15.9% 17.2% Average 7.9 6.8 1.2 1.0 15.6% 16.2% Retail MAPI BUY 11,122 0.2 6700 (2.5) 24.1 7483 7700 14.9 44.4 32.1 3.2 2.9 7.2% 9.1% RALS BUY 7,309 0.1 1030 3.0 (13.8) 1231 1300 26.2 14.1 11.1 1.9 1.7 13.3% 15.4% ACES BUY 18,093 0.3 1055 (1.9) 26.3 1188 1300 23.2 24.0 19.5 5.4 4.5 22.4% 23.0% LPPF BUY 31,805 0.5 10900 1.2 (27.9) 14280 19500 78.9 11.5 11.1 9.3 6.7 81.1% 60.0% Average 23.5 18.4 4.9 3.9 31.0% 26.9% Media MNCN BUY 21,414 0.3 1500 0.3 (14.5) 1982 2000 33.3 12.0 10.2 2.2 2.0 18.2% 19.3% SCMA BUY 33,483 0.5 2290 0.9 (18.2) 3009 2800 22.3 20.1 18.2 8.3 7.2 41.3% 39.9% Average 16.0 14.2 5.2 4.6 29.8% 29.6% Telco EXCL BUY 37,515 0.6 3510 (2.2) 51.9 3776 3200 -8.8 94.9 62.7 1.7 1.7 1.8% 2.7% ISAT BUY 34,777 0.5 6400 (2.3) (0.8) 8177 8200 28.1 17.6 12.6 2.4 2.1 13.4% 16.7% TLKM BUY 481,824 7.6 4780 (0.4) 20.6 5051 5000 4.6 19.9 15.4 4.8 4.1 24.0% 26.7% TOWR BUY 46,423 0.7 4550 1.3 27.1 4653 4500 -1.1 13.2 12.4 3.2 2.6 24.5% 20.7% Average 36.4 25.8 3.0 2.6 15.9% 16.7% Auto and HE ASII BUY 322,856 5.1 7975 0.0 (3.6) 9059 9000 12.9 13.8 12.3 2.6 2.0 18.6% 16.6% UNTR BUY 113,676 1.8 30475 3.3 43.4 32802 31500 3.4 17.5 15.4 2.6 2.3 14.7% 14.9% Average 15.7 13.8 2.6 2.2 16.6% 15.7% Aviation GIAA HOLD 8,698 0.1 336 0.6 (0.6) 363 420 25.0 252.4 25.2 0.6 0.4 0.2% 1.7% Property BSDE BUY 35,029 0.5 1820 (1.6) 3.7 2293 2350 29.1 16.3 14.0 1.4 1.2 8.7% 8.5% PWON BUY 32,026 0.5 690 0.8 17.7 723 710 2.9 16.8 14.1 3.2 2.7 19.2% 19.3% ASRI BUY 7,113 0.1 362 (2.2) 2.8 426 390 7.7 13.4 12.9 0.9 0.8 6.7% 6.6% SMRA HOLD 15,509 0.2 1075 (0.9) (18.9) 1338 1307 21.6 46.7 35.8 1.9 1.7 4.0% 4.8% SSIA BUY 3,129 0.0 665 (1.5) 53.2 874 750 12.8 14.8 12.3 1.0 0.9 6.6% 7.5% CTRA BUY 22,087 0.3 1190 (1.7) (10.9) 1560 1580 32.8 17.5 15.3 1.5 1.4 8.7% 9.4% DMAS BUY 9,736 0.2 202 (1.0) (12.2) 294 300 48.5 11.4 9.2 1.1 1.0 9.7% 10.8% KIJA BUY 6,497 0.1 312 0.6 7.7 413 450 44.2 13.6 12.0 1.1 1.0 7.8% 8.1% Average 18.8 15.7 1.5 1.3 8.9% 9.4%
Riset Saham Harian
25 Agustus 2017 www.samuel.co.id Page 5 of 7 Construction PTPP BUY 17,298 0.3 2790 (0.7) (26.8) 4374 4150 48.7 12.4 10.5 1.5 1.3 11.8% 12.6% ADHI HOLD 7,300 0.1 2050 (2.4) (1.4) 2642 2550 24.4 22.0 18.5 1.3 1.3 6.0% 7.1% WSKT BUY 30,677 0.5 2260 0.0 (11.4) 3112 3250 43.8 13.5 10.7 1.5 1.5 11.2% 13.6% WIKA BUY 17,850 0.3 1990 (0.5) (15.7) 2912 3000 50.8 16.0 14.0 1.3 1.2 8.0% 8.3% Average 16.0 13.4 1.4 1.3 9.3% 10.4% Cement INTP SELL 72,520 1.1 19700 (0.8) 27.9 16275 13500 -31.5 19.9 18.8 2.6 2.4 12.9% 12.6% SMGR HOLD 63,764 1.0 10750 0.5 17.2 10425 9000 -16.3 15.8 14.3 2.0 1.8 12.9% 12.9% SMCB SELL 6,092 0.1 795 0.0 (11.7) 713 700 -11.9 -33.1 -26.5 0.7 0.7 -2.3% -2.8% SMBR HOLD 29,306 0.5 2960 (2.0) 6.1 559 2300 -22.3 77.9 74.0 7.8 6.9 10.0% 9.3% Average 20.1 20.1 3.3 3.0 8.4% 8.0% Precast WSBP BUY 12,232 0.2 452 (0.4) (16.4) 673 690 52.7 11.6 9.0 1.4 1.2 12.3% 13.6% WTON BUY 5,011 0.1 575 (0.9) (30.3) 966 1150 100.0 15.1 13.1 1.6 1.4 10.9% 10.6% Average 13.4 11.1 1.5 1.3 11.6% 12.1%Oil and Gas
PGAS HOLD 52,846 0.8 2180 0.5 (19.3) 2554 2600 19.3 12.0 9.7 1.1 1.0 9.4% 10.7% AKRA BUY 26,401 0.4 6600 0.38 10.0 7000 7600 15.2 22.5 22.3 3.4 3.1 15.2% 14.0% TPIA BUY 76,553 1.3 22875 -0.2 12.8 28124 29000 26.8 18.7 17.2 3.2 2.9 17.1% 16.8% MEDC BUY 9,997 0.2 3000 2.0 127.3 4117 4500 50.0 4.2 3.9 0.7 0.6 17.6% 16.3% Average 14.3 13.3 2.1 1.9 15% 14% Utilities JSMR HOLD 40,463 0.6 5575 1.8 29.1 6027 5100 -8.5 20.8 21.0 2.7 2.5 12.9% 11.7% Metal ANTM BUY 17,783 0.3 740 2.8 (17.3) 685 1250 68.9 8.6 4.6 0.9 0.8 10.0% 17.8% INCO HOLD 29,014 0.5 2920 (2.0) 3.5 2681 2145 -26.5 109.9 55.0 1.2 1.2 1.1% 2.1% TINS BUY 6,815 0.1 915 5.2 (14.9) 985 1200 31.1 43.6 26.9 1.3 1.2 2.9% 4.5% Average 54.0 28.8 1.1 1.1 4.7% 8.1% Coal DOID BUY 8,634 0.1 1015.0 -1.5 99.0 1612.5 1600 57.6 12.7 7.2 3.6 2.4 28.6% 33.1% ITMG BUY 22,853 0.4 20225 0.6 19.9 22251 22300 10.3 9.5 9.5 1.7 1.6 17.9% 16.6% ADRO BUY 62,852 1.0 1965 0.5 15.9 2053 2100 6.9 14.9 13.6 1.3 1.2 8.5% 8.7% PTBA BUY 30,415 0.5 13200 0.4 5.6 15374 15000 13.6 13.6 11.0 2.7 2.4 19.9% 21.5% Average 12.7 10.3 2.3 1.9 18.7% 20.0% Plantation AALI BUY 28,870 0.5 15000 (1.0) (10.6) 17936 19800 32.0 16.4 13.8 1.8 1.7 10.7% 12.1% LSIP BUY 9,381 0.1 1375 (0.4) (21.0) 1694 2050 49.1 12.4 9.6 1.1 1.0 9.1% 10.9% SIMP HOLD 7,987 0.1 505 0.0 2.2 568 600 18.8 10.7 9.9 0.5 0.5 5.0% 5.2% Average 13.2 11.1 1.1 1.1 8.3% 9.4%
Source: SSI Research, Bloomberg
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Regional Indices 1D Change
Points 1D 3D 1W 1M 3M YTD 1YR High Low
World (2.50) 1,940 (0.13) (0.28) 0.48 (1.07) 1.31 10.76 12.29 1,975 1,657 U.S. (S&P) (5.07) 2,439 (0.21) 0.44 0.37 (1.54) 0.99 8.94 12.27 2,491 2,084 U.S. (DOW) (28.69) 21,783 (0.13) 0.37 0.15 0.79 3.32 10.23 18.08 22,179 17,884 Europe 6.10 3,445 0.18 0.62 (0.50) (0.83) (3.90) 4.69 15.30 3,667 2,923 Emerging Market 6.85 1,082 0.64 0.93 2.16 1.96 6.69 25.54 20.53 1,083 837 FTSE 100 24.41 7,407 0.33 1.20 0.26 (0.37) (1.47) 3.70 n/a 7,599 6,654 CAC 40 (2.26) 5,113 (0.04) 0.50 (0.66) (0.93) (4.20) 5.16 16.03 5,442 4,311 Dax 6.53 12,181 0.05 0.95 (0.19) (0.68) (3.49) 6.09 15.68 12,952 10,175 Indonesia (19.91) 5,894 (0.34) 0.56 0.04 1.39 3.34 11.28 8.07 5,917 5,023 Japan 45.35 19,399 0.23 0.08 (0.37) (2.79) (2.09) 1.49 17.17 20,318 16,112 Australia (20.98) 5,725 (0.37) (0.45) (0.39) (0.04) (1.12) 1.04 3.30 5,957 5,052 Korea (1.33) 2,375 (0.06) 0.39 0.68 (2.68) 1.35 17.18 16.23 2,453 1,931 Singapore 12.11 3,272 0.37 0.78 0.10 (1.67) 1.17 13.59 13.74 3,355 2,761 Malaysia 2.56 1,776 0.14 0.22 (0.05) 0.69 0.09 8.15 5.67 1,797 1,614 Hong Kong 116.93 27,519 0.43 1.74 0.40 2.48 7.37 25.08 20.62 27,876 21,489 China (16.19) 3,272 (0.49) (0.47) 0.09 0.86 5.27 5.41 6.62 3,305 2,969 Taiwan 82.15 10,489 0.79 1.57 1.15 0.25 3.76 13.35 15.07 10,619 8,880 Thailand 2.58 1,576 0.16 0.40 0.45 (0.35) 0.42 2.14 2.06 1,601 1,343 Philipines 6.18 8,005 0.08 (0.15) (0.52) 0.42 1.69 17.02 1.91 8,107 6,499
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) (0.02) 4.11 (5.32) (8.32) (14.91) (2.96) (17.53) 5.39 4.11
Foreign Reserve (US$bn) n/a 127.76 n/a 3.79 3.66 9.79 14.68 127.76 111.47
Inflation Rate (%) n/a 0.22 n/a (68.12) 144.44 (47.62) (68.12) 0.97 (0.02)
US Fed Rate (%) 0.00 1.25 0.00 0.00 25.00 66.67 150.00 1.25 0.50
Indo Govt Bond Yld (10yr) - % (0.00) 6.87 (0.38) (1.05) (1.22) (13.90) (2.85) 8.36 6.77
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia (12.00) 13347 0.09 0.03 0.23 (0.29) 0.94 0.94 (0.74) 13,593 12,920
Japan 0.00 109.56 0.00 0.01 (0.35) 2.13 6.75 6.75 (8.24) 118.66 100.06
UK (0.00) 1.28 (0.02) (0.19) (0.55) (1.74) 3.72 3.72 (2.98) 1.34 1.18
Euro (0.00) 1.18 (0.02) 0.30 0.31 1.29 12.17 12.17 4.54 1.19 1.03
China 0.00 6.66 (0.05) 0.07 0.20 1.34 4.25 4.25 (0.05) 6.96 6.65
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil 0.29 47.72 0.61 0.17 (1.63) (0.35) (2.41) (11.17) 0.82 55.24 42.05 CPO 39.00 2,777.00 1.42 2.43 4.48 8.77 7.59 (10.68) 6.81 3,202.00 2,390.00 Rubber 2.50 826.00 0.30 (0.06) (0.30) 2.86 (13.55) (15.50) 27.86 1,174.00 644.00 Coal 0.35 98.00 0.36 0.15 0.46 16.11 31.54 3.48 48.04 112.25 69.00 Iron Ore (0.70) 80.21 (0.87) 2.32 6.18 18.23 29.18 2.75 36.18 94.91 54.24 Tin (55.00) 20,615.00 (0.27) (0.11) 1.50 1.15 0.43 (2.78) 9.31 21,945.00 18,750.00 Nickel 85.00 11,745.00 0.73 3.80 9.51 20.09 29.07 17.22 17.51 12,145.00 8,680.00 Copper 123.00 6,688.00 1.87 1.55 3.05 10.97 17.71 20.82 44.39 6,731.50 4,582.00 Gold (0.50) 1,286.00 (0.04) 0.03 (0.04) 2.71 2.36 11.83 (2.58) 1,353.80 1,124.70
Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price Change (%) 1 Year
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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 v iews in this research. The analyst(s) principally responsible for the preparation of this research has taken reasonable care to achieve and maintain independence and o bjectivity in making any recommendations. This document is f or information only and f or the use of the recipient. It is not to be r eproduced 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 recommenda tion contained in this report may not be suitable f or all investors. Moreover, although the inf ormation contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights reserv ed by PT Samuel Sekuritas Indonesia
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Research Team
Andy Ferdinand, CFA Head Of Equity Research, Strategy,
Banking, Consumer andy.ferdinand@samuel.co.id +6221 2854 8148
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, Toll Road,
Oil and Gas 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
Nadya Swastika Research Associate nadya.swastika@samuel.co.id +6221 2854 8338
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
