DAILY RESEAR CH
Market
Market Index : 6,044.0
Index Movement : -3.1 -0.05%
Market Volume : 17,387 Mn shrs Market Value : 10,305 Bn rupiah
Last
Close +/- %
Leading Movers
BRIS 2,330 150 6.9
AGRO 2,120 230 12.2
TPIA 9,825 275 2.9
TLKM 3,030 20 0.7
Lagging Movers
BBRI 3,820 -70 -1.8
ARTO 13,925 -300 -2.1
MDKA 3,010 -120 -3.8
UNVR 4,930 -70 -1.4
Foreign Net Buy / Sell (Regular Market) Net Buy (IDR bn) Net Sell (IDR bn)
BMRI 120 BBCA 83
AGRO 87 BBRI 76
ASII 74 BFIN 63
TLKM 31 BANK 51
MDKA 30 MMLP 50 Money Market
Last
Close +/- %
USD/IDR 14,483 13.0 -0.1
JIBOR O/N 5.9 0.0
Dual Listing Securities Last
Close +/- %
TLKM 20.9 -0.5 -2.5
EIDO 20.3 0.0 0.0
Global Indices Last
Close +/- %
DJIA 34,682 104.4 0.30
S&P 500 4,344 0.0 0.00
Euro Stoxx 4,079 25.9 0.64
MSCI World 3,050 7.0 0.23
STI 3,191 49.6 1.58
Nikkei 28,252 -391.1 -1.37
Hang Seng 28,073 -70.6 0
Commodities Last
Close +/- %
Brent Oil 73.4 -3.7 -4.83
Coal (ICE) 131.8 -6.0 -4.36
CPO Malay 3,920 -30.0 -0.76
Nickel 17,979 -425.5 -2.31
Tin 31,669 4.0 0.01
Changes Changes
Changes
Changes
Changes Wednesday, 07 Jul 2021
Minim Sentimen, IHSG Berpotensi Kembali Melemah
Bursa AS ditutup menguat tipis semalam; DJIA naik +0.3% ke level 34,681, diikuti S&P500 (+0.34%) dan Nasdaq (+0.01%). Mayoritas investor memilih mengoleksi saham-saham teknologi dengan ekspektasi pertumbuhan yang lebih baik pada paruh kedua 2021 ini. Di pasar komoditas, harga minyak Brent ditutup pada level USD 73.4/barel, sementara emas di level USD 1,804.7/toz.
EIDO ditutup melemah -0.15%, sementara IHSG ditutup turun -0.05% kemarin (7/7) ke level 6,044 dengan BBRI, ARTO, dan MDKA sebagai top lagging movers. Net sell asing di pasar reguler terpantau mencapai IDR 88.3 miliar. Saham yang mencatatkan nilai net sell tertinggi adalah BBCA (IDR 83.9 miliar), BBRI (IDR 76.5 miliar), dan BFIN (IDR 63.1 miliar) sementara net buy tertinggi dicatatkan oleh BMRI (IDR 120.2 miliar), AGRO (IDR 87.9 miliar), dan ASII (IDR 74.8 miliar). Sepanjang minggu ini (Senin-Rabu), IHSG menguat +0.35% dengan total net sell asing di pasar reguler mencapai IDR 321 miliar.
Indonesia mencatatkan rekor baru jumlah kasus harian dan pasien meninggal akibat COVID-19, dengan 34,379 kasus COVID-19 baru dilaporkan kemarin (7/7) (Selasa:
31,189), sementara 14,835 pasien sembuh (Selasa: 15,863) dan 1,040 meninggal (Selasa: 728). Dengan tambahan kasus baru tersebut, jumlah total kasus COVID-19 yang ditemukan di Indonesia telah mencapai 2,379,397 kasus dengan recovery rate sebesar 82.9% per 07 Juli 2021 (06 Juli 2021: 83.5%).
Kami memperkirakan bahwa IHSG akan bergerak melemah hari ini, seiring tekanan yang masih terjadi pada pasar domestik akibat penerapan PPKM Darurat serta minimnya katalis global. Meski demikian, masih ada momentum akumulasi pada sektor komoditas metal yang masih mencatatkan kenaikan.
DAILY RESEARCH
SCMA : Siapkan IDR 1 Triliun untuk buyback
LPKR : Pra Penjualan Tumbuh +193% yoy Pada 2Q21
8 July 2021
Highlights
Equity Research│8 July 2021
COMMODITIES
Gold: Gold 100 Oz Futures (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)
7-Jul-20 7-Aug-20 7-Sep-20 7-Oct-20 7-Nov-20 7-Dec-20 7-Jan-21 7-Feb-21 7-Mar-21 7-Apr-21 7-May-21 7-Jun-21
0 10 20 30 40 50 60 70 80 90
7-Jul-20 7-Aug-20 7-Sep-20 7-Oct-20 7-Nov-20 7-Dec-20 7-Jan-21 7-Feb-21 7-Mar-21 7-Apr-21 7-May-21 7-Jun-21
40 60 80 100 120 140 160
7-Jul-20 7-Aug-20 7-Sep-20 7-Oct-20 7-Nov-20 7-Dec-20 7-Jan-21 7-Feb-21 7-Mar-21 7-Apr-21 7-May-21 7-Jun-21
1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000
12,000 14,000 16,000 18,000 20,000 22,000
7-Jul-20 7-Aug-20 7-Sep-20 7-Oct-20 7-Nov-20 7-Dec-20 7-Jan-21 7-Feb-21 7-Mar-21 7-Apr-21 7-May-21 7-Jun-21
1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200
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 %
7/7/2021 2,379,397 1.47 34,379 - 1,973,388 14,835 62,908 1,040 343,101 85.58 7/6/2021 2,345,018 1.35 31,189 - 1,958,553 15,863 61,868 728 324,597 86.16 7/5/2021 2,313,829 1.30 29,745 9.22 1,942,690 14,416 61,140 558 309,999 86.60 7/4/2021 2,284,084 1.21 27,233 (2.44) 1,928,274 13,127 60,582 555 295,228 87.07 7/3/2021 2,256,851 1.25 27,913 8.06 1,915,147 13,282 60,027 493 281,677 87.52 7/2/2021 2,228,938 1.17 25,830 4.00 1,901,865 11,578 59,534 539 267,539 88.00 7/1/2021 2,203,108 1.14 24,836 13.89 1,890,287 9,874 58,995 504 253,826 88.48
Average 28,732 13,282 631 87.06
Source: SSI Research, Bloomberg
Equity Research│8 July 2021
SCMA: Siapkan IDR 1 Triliun untuk buyback
PT Surya Media Citra (SCMA) merencanakan untuk melakukan pembelian saham kembali (buyback) yang akan dilakukan secara bertahap pada 7 Juli – 6 Oktober 2021. Perseroan menganggarkan dana sebesar IDR1 triliun, jumlah tersebut merefleksikan paling banyak 20% dari jumlah modal disetor, dengan ketentuan paling sedikit saham yang beredar adalah 7.5% dari modal disetor. (Ketebukaan informasi)
Comments:
Dengan kembali dilaksanakannya buyback ini,maka rumor dan spekulasi bahwa SCMA akan diprivatisasi oleh EMTK menjadi semakin kencang. Pada akhir FY20 lalu, SCMA telah melaksanakan buyback sebanyak 2.13 miliar lembar saham atau setara dengan 14.4% total saham beredar senilai IDR 2.87 triliun (rata-rata IDR 1,348 per lembar). Apabila SCMA melaksanakan IDR 1 triliun buyback pada harga penutupan kemarin (IDR 2,250), total saham treasury diperkirakan akan naik menjadi 16-17%. Saat ini, publik memiliki SCMA sebanyak
~24%. Posisi kas SCMA pada 1Q21 berada pada IDR 770 miliar dengan total hutang IDR 914 miliar, SCMA masih mempertahankan posisi net cash. SCMA: Under review (Previous: SCMA: SELL: 25.6x PE '21E, 6.0x PBV '21E, TP: IDR 2,200
LPKR: Pra Penjualan Tumbuh +193% yoy Pada 2Q21
PT Lippo Karawaci (LPKR) mencatatkan angka pra-penjualan (marketing sales) sebesar IDR 1.02 triliun pada 2Q21, +193%
lebih besar dibandingkan periode yang sama tahun lalu. Sepanjang tahun ini, LPKR telah membukukan angka pra- penjualan sebesar IDR 2.33 triliun. LPKR sendiri menargetkan angka pra -penjualan sebesar IDR 3.5 triliun untuk tahun ini. (Investor Daily)
Comments:
Per 2Q21, LPKR telah berhasil merealisasikan 70% dari target pra-penjualannya tahun ini. Penopang utama pra-penjualan LPKR antara lain high-rise inventory proyek berjalan dan proyek rumah tapak terjangkau di Lippo Village, Waterfront Estates Cikarang, dan rumah tapak di Manado. Inventory proyek berjalan sendiri bernilai lebih dari IDR 1.4 triliun. Faktor lain yang mendongkrak pra-penjualan LPKR adalah kenaikan harga rumah tapak terjangkau hingga +13% dibandingkan 2020. Meskipun ada kenaikan harga, penjualan masih cukup baik dengan adanya relaksasi PPN dan LTV hingga 2Q21 ini. LPKR: Under review (Previous: LPKR: SELL:
0.0x PE '21E, 0.4x PBV '21E, TP: IDR 140)
Equity Research│8 July 2021
Stock Rec. JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%)
(%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Banks
BBCA BUY 10.4 30,325 40,500 37,196 33.6 27.6 23.5 4.1 3.7 14.7 15.7
BBRI BUY 6.5 3,820 5,300 4,959 38.7 24.3 14.4 2.5 2.3 10.3 15.8
BMRI BUY 3.7 5,750 8,000 7,950 39.1 15.7 11.3 1.4 1.4 9.1 12.1
BBNI BUY 1.2 4,730 8,500 7,180 79.7 29.6 6.8 0.8 0.7 2.6 9.7
BBTN BUY 0.2 1,345 2,300 2,126 71.0 8.8 5.6 0.7 0.6 8.1 11.4
Average 18.0 7.9 1.0 0.9 6.6 11.1
Consumer (Staples)
ICBP BUY 1.4 8,450 12,000 11,498 42.0 14.6 14.4 3.3 2.9 22.3 19.9
INDF BUY 0.8 6,450 9,500 8,544 47.3 11.6 11.7 1.4 1.3 11.9 11.0
KLBF BUY 0.9 1,355 1,750 1,753 29.2 23.0 20.8 3.7 3.3 16.0 16.0
UNVR BUY 2.6 4,930 7,900 6,624 60.2 26.2 25.9 38.2 37.6 145.7 145.0
SIDO BUY 0.3 755 970 930 28.5 24.3 20.9 7.1 6.6 29.1 31.5
Average 19.9 18.7 10.7 10.3 45.0 44.7
Cigarette
HMSP BUY 1.9 1,150 1,460 1,254 27.0 15.5 15.8 4.4 4.4 28.5 28.1
GGRM HOLD 1.1 40,850 44,400 36,869 8.7 9.3 9.0 1.3 1.3 14.2 13.9
Average 12.4 12.4 2.9 2.8 21.4 21.0
Healthcare
MIKA BUY 0.5 2,750 3,500 3,144 27.3 46.2 43.5 8.1 7.3 17.5 16.8
SILO HOLD 0.2 9,000 9,100 9,133 1.1 642.9 272.7 2.5 2.4 0.4 0.9
HEAL SELL 0.3 6,000 5,700 6,100 -5.0 55.0 47.6 7.3 6.4 13.3 13.5
Average 248.0 121.3 6.0 5.4 10.4 10.4
Poultry
CPIN HOLD 1.5 6,700 7,300 7,317 9.0 38.1 29.3 5.2 4.8 13.7 16.4
JPFA BUY 0.3 1,720 2,400 2,527 39.5 21.5 11.3 1.7 1.5 8.0 13.1
MAIN BUY 0.0 715 890 1,115 24.5 n/a 10.5 0.8 0.7 -0.9 6.8
WMUU BUY 0.0 163 370 370 127.0 #DIV/0! 6.8 #DIV/0! 1.6 #DIV/0! 23.1
Average 29.8 17.0 2.6 2.3 7.0 12.1
Retail
MAPI BUY 0.2 675 975 921 44.4 n/a 18.8 2.1 4.3 -10.4 23.1
RALS BUY 0.1 670 900 764 34.3 n/a 14.3 1.1 1.1 -1.5 7.7
ACES BUY 0.4 1,565 1,900 1,592 21.4 33.3 24.5 5.4 4.8 16.1 19.6
LPPF SELL 0.1 2,500 1,100 1,350 -56.0 n/a 19.4 4.3 6.6 -35.0 34.1
Average 33.3 19.2 2.8 3.4 1.4 16.8
Pulp and Paper
INKP SELL 0.6 7,425 7,000 N/A -5.7 8.5 10.2 0.6 0.6 7.6 6.0
Average 8.5 10.2 0.6 0.6 7.6
Media
MNCN BUY 0.2 890 1,650 1,423 85.4 5.6 4.6 0.8 0.7 13.6 14.6
SCMA SELL 0.5 2,250 2,200 2,044 -2.2 28.1 25.6 6.9 6.0 24.4 23.7
Average 16.8 15.1 3.8 3.4 19.0 19.1
Telco
EXCL BUY 0.4 2,600 3,000 3,185 15.4 74.3 37.7 1.4 1.4 1.9 3.8
ISAT BUY 0.5 5,650 7,250 7,223 28.3 n/a 65.7 2.4 0.3 -5.6 0.4
TLKM BUY 4.2 3,030 4,050 4,168 33.7 14.4 13.4 2.5 2.4 17.2 17.7
Average 44.4 38.9 2.1 1.3 4.5 7.3
Telco Retail
ERAA BUY 0.1 640 1,625 747 153.9 3.4 2.8 0.4 0.3 11.0 11.9
Equity Research│8 July 2021
Stock Rec. JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%)
(%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Auto
ASII BUY 2.8 4,900 6,750 6,724 37.8 11.0 10.0 1.0 1.0 9.0 9.6
Average 11.0 10.0 1.0 1.0 9.0
Mining Contracting
UNTR BUY 1.1 20,375 31,000 27,866 52.1 11.0 8.1 1.2 1.1 11.2 13.8
Average 11.0 8.1 1.2 1.1 11.2
Property
BSDE BUY 0.3 980 1,350 1,470 37.8 14.6 11.0 0.6 0.5 4.0 4.9
PWON BUY 0.3 442 530 608 19.9 34.0 11.9 0.9 1.4 2.6 12.1
ASRI SELL 0.0 161 130 220 -19.3 12.4 5.8 0.3 0.3 2.3 4.7
LPKR SELL 0.2 159 140 205 -11.9 n/a n/a 0.4 0.4 -0.5 -0.2
SMRA BUY 0.2 840 1,200 1,058 42.9 49.4 29.0 1.7 1.6 3.4 5.4
CTRA BUY 0.3 970 1,100 1,344 13.4 23.1 18.0 1.2 1.1 5.1 6.2
Average 26.7 15.1 0.8 0.9 2.8 5.5
Industrial Estate
SSIA BUY 0.0 430 700 680 62.8 n/a 39.1 0.5 0.5 -1.6 1.3
DMAS BUY 0.1 210 250 274 19.0 14.0 12.4 1.3 1.6 9.6 12.7
KIJA SELL 0.0 171 150 N/A -12.3 15.5 13.2 0.6 0.4 4.0 3.4
Average 14.8 21.5 0.8 0.8 4.0 5.6
Construction
PTPP BUY 0.1 880 1,900 1,487 115.9 40.0 7.2 0.4 0.4 0.9 4.9
ADHI BUY 0.0 715 1,800 1,303 151.7 29.8 6.9 0.4 0.4 1.5 6.1
WSKT BUY 0.2 870 1,400 1,222 60.9 n/a n/a 0.7 0.8 -44.6 -7.4
WIKA BUY 0.1 1,005 1,400 1,604 39.3 10.5 6.8 0.5 0.5 5.0 7.1
Average 26.8 7.0 0.5 0.5 -9.3 2.6
Cement
INTP BUY 0.5 10,325 16,250 15,758 57.4 28.7 23.8 1.7 1.7 5.8 6.9
SMGR BUY 0.7 8,950 13,050 13,163 45.8 23.5 18.9 1.5 1.4 6.3 7.4
Average 26.1 21.4 1.6 1.5 6.1 7.2
Precast
WSBP BUY 0.1 146 230 187 57.5 13.3 3.9 0.4 0.3 2.9 8.9
WTON BUY 0.0 240 450 384 87.5 21.8 6.5 0.6 0.6 2.9 8.9
Average 17.5 5.2 0.5 0.5 2.9 8.9
Oil and Gas
PGAS BUY 0.4 1,030 1,700 1,486 65.0 18.7 14.7 0.6 0.6 3.3 4.1
AKRA BUY 0.2 3,130 4,000 3,986 27.8 13.6 12.4 1.4 1.4 10.6 11.0
MEDC BUY 0.2 625 1,090 869 74.4 n/a 8.6 0.9 0.8 -9.9 9.7
Average 16.2 11.9 1.0 0.9 1.3 8.3
Chemical
TPIA HOLD 2.5 9,825 10,250 8,950 4.3 677.6 112.9 6.8 6.8 1.0 6.0
BRPT BUY 1.2 890 1,150 1,034 29.2 186.0 113.7 4.7 4.7 2.5 4.2
ESSA SELL 0.1 344 225 540 -34.6 n/a n/a 2.4 1.2 -20.0 -0.5
Average 431.8 113.3 4.6 4.2 -5.5 3.2
Utilities
JSMR BUY 0.3 3,400 5,000 5,301 47.1 51.5 17.1 1.0 0.9 2.0 5.6
Metal
ANTM BUY 0.8 2,460 3,230 3,398 31.3 39.7 24.1 3.1 2.8 7.7 11.7
MDKA SELL 1.0 3,010 2,030 3,164 -32.6 n/a 16.4 10.9 11.9 15.7 72.9
INCO BUY 0.7 4,950 6,730 6,050 36.0 34.1 34.1 1.7 1.7 5.0 5.0
TINS BUY 0.2 1,535 1,775 1,633 15.6 n/a 1744.3 2.2 2.6 -4.2 0.1
Average 36.9 454.7 4.5 4.8 6.1 22.4
Equity Research│8 July 2021
Stock Rec. JCI Wgt Last price TP SSI TP Cons SSI Upside PE (x) PE (x) PBV (x) PBV (x) ROE (%) ROE (%)
(%) (IDR) (IDR) (IDR) (%) 20E* 21E 20E* 21E 20E* 21E
Coal
ITMG SELL 0.2 15,125 13,550 16,776 -10.4 10.4 10.4 1.5 1.7 14.3 16.7
ADRO BUY 0.6 1,250 1,530 1,633 22.4 8.6 8.6 0.7 0.8 8.5 8.8
PTBA BUY 0.3 2,100 2,900 2,849 38.1 9.9 8.4 1.4 1.2 14.6 14.2
Average 9.6 9.2 1.2 1.2 12.5 13.2
Plantation
AALI BUY 0.2 7,725 13,800 12,719 78.6 22.3 14.0 0.8 0.7 3.5 5.3
LSIP BUY 0.1 1,065 1,730 1,550 62.4 10.4 8.5 0.7 0.7 7.1 8.3
TBLA BUY 0.1 795 980 1,190 23.3 6.6 5.3 0.7 0.7 11.0 12.2
SIMP SELL 0.1 432 388 N/A -10.2 39.3 25.4 0.5 0.5 1.2 1.8
SSMS BUY 0.1 825 1,500 1,377 81.8 24.3 10.4 1.8 1.6 7.4 15.0
Average 20.6 12.8 0.9 0.8 6.0 8.5
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Equity Research│8 July 2021
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
World 3,050 7.03 0.23 0.71 1.59 5.32 13.37 35.38 3,053 2,222
U.S. (S&P) 4,358 14.59 0.34 1.55 3.10 6.37 16.03 37.48 4,362 3,116
U.S. (DOW) 34,682 104.42 0.30 1.14 0.24 3.52 13.32 33.05 35,092 25,524
Europe 4,079 25.86 0.64 0.35 (0.43) 2.53 14.80 24.11 4,166 2,921
Emerging Market 1,341 (5.90) (0.44) (2.01) (2.67) (0.20) 3.83 25.28 1,449 1,045
FTSE 100 7,151 50.14 0.71 1.61 0.79 3.01 10.69 16.16 7,218 5,526
CAC 40 6,528 20.24 0.31 0.31 (0.36) 5.87 17.59 31.05 6,687 4,513
Dax 15,693 181.33 1.17 1.04 0.33 3.22 14.39 25.59 15,803 11,450
Indonesia 6,044 (3.07) (0.05) 0.98 0.74 (0.46) 1.09 19.07 6,505 4,755
Japan 28,289 (77.98) (0.27) (1.46) (2.33) (4.78) 3.08 26.07 30,715 21,710
Australia 7,375 48.25 0.66 1.51 1.13 5.38 11.96 24.57 7,406 5,763
Korea 3,294 8.38 0.26 0.36 1.41 4.79 14.63 52.57 3,316 2,140
Singapore 3,142 (48.99) (1.54) 0.36 (0.81) (1.41) 10.47 17.69 3,237 2,421
Malaysia 1,530 (1.48) (0.10) (0.16) (3.64) (4.51) (5.96) (3.37) 1,696 1,452
Hong Kong 27,961 (112.24) (0.40) (3.56) (2.85) (3.61) 2.68 7.01 31,183 23,124
China 3,554 23.46 0.66 (1.04) (0.74) 2.04 2.32 4.42 3,732 3,175
Taiwan 17,851 (62.38) (0.35) 0.54 4.54 5.46 21.17 46.68 18,008 12,030
Thailand 1,577 (14.83) (0.93) (0.70) (2.25) 1.14 8.78 15.72 1,643 1,187
Philipines 6,943 (49.43) (0.71) 0.60 1.96 6.08 (2.76) 10.46 7,432 5,692
1D 1D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 137.09 0.51 (0.00) 0.88 4.08 138.80 133.60
Inflation Rate (yoy, %) 1.33 1.68 1.32
Gov Bond Yld (10yr, %) 6.56 (9.31) 7.15 5.86
US Fed Rate (%) 0.25 0.25 0.25
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Indonesia 14,483 13.00 (0.09) 0.12 (1.51) 0.08 (2.99) (0.30) 14,950 13,865
Japan 110.56 (0.10) 0.09 0.88 (0.96) (1.18) (6.61) (2.98) 111.66 102.59
UK 1.38 (0.00) (0.03) 0.22 (2.54) 0.45 0.93 9.41 1.42 1.25
Euro 1.18 0.00 0.02 (0.49) (3.13) (1.02) (3.47) 4.08 1.23 1.13
China 6.47 (0.01) 0.10 (0.24) (1.16) 1.08 0.84 8.36 7.02 6.36
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 73.32 (0.11) (0.15) (3.32) 1.52 16.01 41.54 69.37 77.84 35.74
CPO 3,730 (52.00) (1.37) 3.64 (8.22) 1.75 3.61 58.79 4,468 2,344
Rubber 836.50 (8.50) (1.01) (3.74) (17.18) (23.15) (10.77) 4.56 1,262.50 767.50
Coal 130.25 (1.50) (1.14) (3.30) 12.67 47.18 61.80 132.38 136.75 47.50
Tin 32,748 (30.00) (0.09) (0.52) 3.01 17.97 59.40 92.28 34,510 17,010
Nickel 18,310 316.00 1.76 0.53 2.34 10.06 10.21 35.94 20,110 13,050
Copper 9,455 143.00 1.54 0.86 (4.50) 6.05 21.75 52.80 10,748 6,168
Gold 1,804 1.80 0.10 1.87 (4.71) 2.66 (4.71) (0.92) 2,074 1,673
Source: Bloomberg, SSI Research
Change (%) 1 Year
Change (%) 1 Year
Change (%) 1 Year
Commodity Indicators Last Price Regional Indices Last Price
Exchange Rate (per USD) 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
Equity Research│8 July 2021
Research Team
Suria Dharma Head of Equity Research, Strategy, Banking, Consumer Staples suria.dharma@samuel.co.id +6221 2854 8148
Lionel Priyadi Macro Strategy dan Equity lionel.priyadi@samuel.co.id +6221 2854 8854
Fikri Permana Senior Economist fikri.permana@samuel.co.id +6221 2854 8144
William Mamudi, CFTe, CMT Technical Analyst william.mamudi@samuel.co.id +6221 2854 8382
Muhamad Alfatih, CSA, CTA, CFTe Senior Technical Portfolio Advisor m.alfatih@samuel.co.id +6221 2854 8129 Yosua Zisokhi Cement , Cigarette,Paper, Plantation,Telco Infra, Chemical yosua.zisokhi@samuel.co.id +6221 2854 8387
Dessy Lapagu Aviation, Coal, Metal, Retail dessy.lapagu@samuel.co.id +6221 2854 8392
Selvi Ocktaviani Automotive,Construction, Mining Cont., Precast,Telco, Toll Roads selvi.ocktaviani@samuel.co.id +6221 2854 8393
Nashrullah Putra Media, Poultry nashrullah.putra@samuel.co.id +6221 2854 8739
Olivia Laura Anggita Healthcare, Property olivia.laura@samuel.co.id +6221 2854 8346
Calista Muskitta Research Associate calista.muskitta@samuel.co.id +6221 2854 8331
Adolf Richardo Editor, Translator adolf.richardo@samuel.co.id +6221 2854 8396
Equity Institutional Team
Benny Bambang Soebagjo Head of Institutional Equity Sales benny.soebagjo@samuel.co.id +6221 2854 8312
Ronny Ardianto Institutional Equity Sales ronny.ardianto@samuel.co.id +6221 2854 8399
Fachruly Fiater Institutional Equity Sales fachruly.fiater@samuel.co.id +6221 2854 8325
Henry Sutanto Institutional Equity Sales hensry.sutanto@samuel.co.id +6221 2854 8329
Sylviawati Customer Service sylviawati@samuel.co.id +6221 2854 8193
Private Wealth Management
Evelyn Satyono Head of PWM Equity Sales evelyn.satyono@samuel.co.id +6221 2854 8380
Clarice Wijana PWM Equity Sales clarice.wijana@samuel.co.id +6221 2854 8395
Gitta Wahyu Retnani PWM Equity Sales gitta.wahyu@samuel.co.id +6221 2854 8365
Wahyudi Budiyono Dealer wahyudi.budiyono@samuel.co.id +6221 2854 8152
Equity Retail Team
Lucia Irawati Retail Equity Sales lucia.irawati@samuel.co.id +6221 2854 8173
Salt World Widjaja Retail Equity Sales salt@samuel.co.id +6221 2854 8163
Fixed Income Sales Team
R. Virine Tresna Sundari Head of Fixed Income virine.sundari@samuel.co.id +6221 2854 8170
Rudianto Nugroho Fixed Income Sales rudianto.nugroho@samuel.co.id +6221 2854 8306
Sany Rizal Keliobas Fixed Income Sales sany.rizal@samuel.co.id +6221 2854 8337
Julio Simangunsong Fixed Income Sales julio.natanael@samuel.co.id +6221 28548384
Online Trading Sales Team
Joseph Soegandhi Head of OLT joseph.soegandhi@samuel.co.id +6221 2854 8872
Nugroho Nuswantoro Head of Marketing Online Trading nugroho.nuswantoro@samuel.co.id +6221 2854 8372
