Riset Saham Harian
Samuel Equity Research 22 Juni 2018
www.samuel.co.id
Page 1 of 6
IHSG masih berpeluang melemah
Bursa Wall Street ditutup variatif pada perdagangan tadi malam, seiring dengan kekhawatiran akan perang dagang dan rilis data ekonomi terbaru.
Total penjualan ‘existing home’ menurun 0,4% untuk bulan Mei. Sementara itu, kenaikan indeks Nasdaq lebih didorong oleh saham - saham berbasis teknologi. Sementara itu, harga minyak mentah dunia cenderung bergejolak menjelang pertemuan OPEC pada 22 Juni 2018.
Dari dalam negeri, IHSG melemah 1,04% ke level 5822.3 seiring mixednya pasar regional dan sebagian besar bursa Eropa. Tensi perang dagang masih jadi perhatian investor, selain itu pasar mengamati pertemuan OPEC.
Dengan minimnya katalis positif dan ekonomi yang belum sepenuhnya bergerak normal pasca libur panjang Lebaran, kami prediksi IHSG hari ini bergerak flat cenderung melemah.
Highlights
BBCA dan BMRI: mengalami lonjakan transaksi selama libur Lebaran
UNVR: pemegang saham menyetujui penjualan bisnis spread
DOID: data operasional May’18
: 5,822.3
: -61.7 (-1.05%) : 4,050 Mn shrs : 5,327 Bn rupiah Last
Close +/- %
BDMN 6,000 300 5.3
DSSA 21,000 3500 20.0
TKIM 17,800 800 4.7
MIKA 1,970 170 9.4
HMSP 3,430 -100 -2.8
ASII 6,675 -275 -4.0
TLKM 3,610 -100 -2.7
BBCA 21,150 -350 -1.6
Foreign Net Buy / Sell (Regular Market) Net Buy YTD (Rpbn): -38,811
Net Buy (Rpbn) Net Sell (Rpbn)
BBRI 166 BTPS 32
TLKM 96 PGAS 25
ITMG 64 SWAT 23
ASII 42 UNVR 16
UNTR 36 ADRO 14 Money Market
Last
Close +/- %
USD/IDR 14,100 170.0 -1.2
JIBOR O/N 4.3 0.0 -
Infl (MoM) 0.2 - -
Dual Listing Securities Last
Close +/- %
TLKM 25.5 -0.9 -3.5
ISAT 52.9 -1.1 -2.0
EIDO 23.5 -0.5 -2.2
World Indices Last
Close +/- %
DJIA 24,462 -196 -0.8
S&P 500 2,750 -18 -0.6
Euro Stoxx 3,404 -36 -1.0
MSCI World 2,106 -12 -0.6
Nikkei 22,462 -231 -1.0
Hang Seng 29,296 -400 -1.3
Commodities Last
Close +/- %
Brent Oil 74 1.0 1.4
CPO Malay 2,251 -11.0 -0.5
Coal (ICE) 108 -1.4 -1.3
Nickel 14,933 12.0 0.1
Tin 20,597 -148.0 -0.7
Market Value
Changes Leading Movers
Market Activity Friday, 22 Jun 2018 Market Index Index Movement Market Volume
Changes Changes
Changes
Changes Lagging Movers
Riset Saham Harian
22 Juni 2018
www.samuel.co.id
Page 2 of 6
BBCA dan BMRI: mengalami lonjakan transaksi selama libur Lebaran
Dua bank besar PT Bank Mandiri Tbk dan PT Bank Central Asia Tbk (BCA) mencatat lonjakan transaksi setor tunai nasabah selama libur lebaran. Padahal, dua bank ini membuka operasional terbatas saja selama liburan.
Bank Mandiri mencatat dana setoran tunai dua hari terakhir, Rabu (20/6) dan Kamis (21/6) mencapai Rp 3,5 triliun.Selain Bank Mandiri, BCA juga mencatat setoran nasabah di wilayah Jakarta, Bogor, Depok, Tangerang, dan Bekasi (Jabodetabek) sebesar Rp 3,17 triliun.
Menurut BCA, rincian setoran tunai nasabah pada 19 Juni-20 Juni 2018 masing-masing sebesar Rp 5,8 triliun dan Rp 12,25 triliun. BCA mencatat pada masa operasional terbatas, beberapa kantor cabang BCA dipadati nasabah yang ingin melakukan setor tunai.Tingginya arus uang yang disetor BCA ke BI diproyeksi masih akan berlangsung hingga beberapa hari pasca-libur Lebaran 2018. (Kontan). BMRI: BUY 18E’PE: 12.6x, PBV: 1.7x. BBCA: HOLD 18E’PE: 20.1 x, PBV: 2.4x
UNVR: pemegang saham menyetujui penjualan bisnis spread
PT Unilever Indonesia Tbk (UNVR) mengadakan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) untuk meminta persetujuan pemegang saham atas penjualan aset bisnis spreads.
Pada RUPSLB, Kamis (21/6), pemegang saham UNVR menyetujui penjualan aset bisnis spreads yang mecakup aset tak berwujud, yaitu hak untuk mendistribusikan produk dengan merek dagang global Frytol, Blue Band Master dan Blue Band, serta merek dagang lokal Minyak Samin dan Blue Band Gold.
President Direktur Unilever Indonesia Hemant Bakshi mengatakan, pemisahan bisnis ini menandai langkah lebih lanjut dalam membentuk kembali dan mempertajam portofolio untuk pertumbuhan jangka panjang. (Kontan). UNVR: HOLD. 18E’PE: 43.4x, PBV: 55.4x
DOID: Data operasional May’18
DOID mencatatkan oveburden removal (OB) sebesar 31.4 juta bcm (+9% yoy) dan produksi batubara mencapai 3.7 juta ton (+6% yoy). Inline dengan estimasi SSI. Perbaikan kinerja DOID di Mei’18 (+5% mom) seiring kondisi cuaca yang mendukung dan DOID optimis mampu meningkatkan produksi hingga akhir 2018 seiring kenaikan jumlah kapasitas.
Hingga Ytd DOID membukukan kenaikan OB menjadi 140.3 juta bcm dan produksi batubara sebesar 16.8 juta ton. (Company Update) DOID: BUY 18E’PE: 5.8x, PBV: 2x
Riset Saham Harian
22 Juni 2018
www.samuel.co.id
Page 3 of 6
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 4.8 6700 0.0 (16.3) 8612 9000 34.3 12.6 10.7 1.7 1.5 13.6% 14.3%
BBCA HOLD 8.0 21150 (1.6) (3.4) 23987 23700 12.1 20.1 18.7 3.4 3.0 17.0% 16.0%
BBRI BUY 5.5 2910 (1.7) (20.1) 3783 4000 37.5 10.9 10.0 1.9 1.7 17.7% 16.8%
BBNI BUY 2.1 7400 (1.7) (25.3) 9701 10000 35.1 8.7 8.0 1.3 1.1 14.5% 14.2%
BBTN HOLD 0.5 2800 (2.1) (21.6) 3774 3500 25.0 8.5 7.2 1.2 1.1 14.3% 14.7%
BNLI BUY 0.2 515 2.0 (17.6) 708 890 72.8 14.3 13.9 0.6 0.6 4.4% 4.4%
Average 12.5 11.4 1.7 1.5 13.6% 13.4%
Consumer (Staples)
ICBP BUY 1.5 8250 (4.1) (7.3) 9417 10200 23.6 22.9 21.0 4.4 3.9 19.1% 18.6%
INDF BUY 0.9 6525 (2.6) (14.4) 8660 8400 28.7 12.4 11.2 1.7 1.5 13.6% 13.8%
KLBF BUY 0.9 1250 (4.9) (26.0) 1553 1650 32.0 21.2 19.0 3.9 3.5 18.5% 18.6%
ROTI BUY 0.1 1000 (1.5) (21.6) 1230 1620 62.0 15.1 12.9 2.8 2.4 18.3% 18.3%
UNVR HOLD 5.2 44200 (0.2) (20.9) 47945 49900 12.9 43.4 40.2 55.4 50.4 127.7% 125.2%
Average 23.0 20.9 13.6 12.3 39.4% 38.9%
Cigarette
HMSP SELL * 6.1 3430 (2.8) (27.5) 4265 3900 13.7 30.9 28.9 10.5 9.5 34.0% 32.8%
GGRM BUY 2.0 67550 (2.1) (19.4) 85315 83700 23.9 17.4 16.9 2.6 2.3 14.8% 13.6%
Average 24.1 22.9 6.5 5.9 24.4% 23.2%
Healthcare
MIKA BUY 0.4 1970 9.4 8.8 1980 2050 4.1 38.4 31.7 5.7 4.6 14.9% 14.6%
SILO UR 0.1 5975 (2.0) (37.6) 8733 10700 79.1 88.5 76.6 1.3 1.1 1.4% 1.4%
Average 63.5 54.1 3.5 2.8 8.2% 8.0%
Poultry
CPIN BUY 0.9 3750 (1.3) 25.0 3980 4300 14.7 19.6 13.0 3.4 2.9 17.5% 22.3%
JPFA BUY 0.3 1585 (3.9) 21.9 1903 1800 13.6 11.7 9.1 1.6 1.4 14.0% 15.5%
MAIN BUY 0.0 710 (0.7) (4.1) 847 850 19.7 22.2 14.8 0.7 0.7 3.2% 4.6%
Average 17.8 12.3 1.9 1.7 11.6% 14.1%
Retail
MAPI BUY 0.2 855 0.0 37.9 831 9300 987.7 2.9 1.8 0.4 0.3 12.3% 16.5%
RALS BUY 0.2 1440 2.5 20.0 1453 1550 7.6 24.4 21.5 2.7 2.6 11.2% 12.2%
ACES BUY 0.3 1280 (0.8) 10.8 1501 1550 21.1 24.6 21.0 6.2 5.3 25.4% 25.3%
LPPF BUY 0.4 8575 (2.8) (14.3) 12095 13200 53.9 11.6 10.8 7.3 5.5 63.2% 50.6%
Average 15.9 13.8 4.2 3.4 28.0% 26.2%
Media
MNCN BUY 0.2 1010 (5.6) (21.4) 1666 2000 98.0 6.7 6.2 1.3 1.2 19.3% 18.8%
SCMA BUY 0.5 2220 0.0 (10.5) 2906 3000 35.1 18.0 14.1 6.5 5.0 36.3% 35.8%
Average 12.4 10.1 3.9 3.1 27.8% 27.3%
Telco
EXCL BUY 0.4 2570 2.0 (13.2) 3693 3200 24.5 34.3 21.6 1.2 1.2 3.6% 5.5%
ISAT BUY 0.3 3340 1.8 (30.4) 5380 8200 145.5 6.8 6.3 1.1 1.0 16.3% 16.2%
TLKM BUY 5.6 3610 (2.7) (17.9) 4456 5000 38.5 13.6 11.9 3.5 3.2 25.9% 26.7%
TOWR BUY 0.5 3080 3.0 (23.0) 4470 4500 46.1 10.6 9.7 2.1 1.9 20.2% 19.2%
Average 16.3 12.4 2.0 1.8 16.5% 16.9%
Auto and HE
ASII BUY 4.2 6675 (4.0) (19.6) 8605 9400 40.8 13.4 11.9 2.0 1.8 14.7% 14.7%
UNTR BUY 1.9 33375 (0.4) (5.7) 41862 41500 24.3 14.9 11.6 2.4 2.1 16.2% 18.3%
Average 14.1 11.8 2.2 1.9 15.4% 16.5%
Aviation
GIAA HOLD 0.1 250 (0.8) (16.7) 298 295 18.0 183.2 18.1 0.5 0.4 0.3% 2.1%
Riset Saham Harian
22 Juni 2018
www.samuel.co.id
Page 4 of 6
Property
BSDE BUY 0.5 1615 (3.3) (5.0) 2156 1950 20.7 5.9 5.4 0.9 0.7 14.6% 13.6%
PWON BUY 0.4 525 (4.5) (23.4) 719 767 46.1 12.8 10.7 2.2 1.8 16.8% 17.2%
ASRI SELL 0.1 356 0.0 0.0 409 310 -12.9 5.7 5.7 0.7 0.7 12.3% 12.4%
SMRA SELL 0.2 915 (0.5) (3.2) 1130 782 -14.5 36.6 34.5 1.7 1.8 4.6% 5.1%
SSIA HOLD 0.0 565 (2.6) 9.7 749 490 -13.3 34.0 29.7 0.9 0.9 2.6% 2.9%
CTRA BUY 0.3 1020 (0.0) (13.9) 1434 1580 54.9 20.6 19.2 1.0 1.0 5.0% 5.1%
DMAS HOLD 0.1 138 (4.2) (19.3) 246 156 13.0 9.9 9.2 0.9 0.8 8.8% 8.7%
KIJA SELL 0.1 212 0.0 (25.9) 240 210 -0.9 47.1 41.6 0.7 0.7 1.5% 1.7%
Average 21.6 19.5 1.1 1.0 8.3% 8.3%
Construction
PTPP BUY 0.2 2320 (5.3) (12.1) 3734 3350 44.4 11.4 10.4 1.2 1.1 10.9% 10.7%
ADHI BUY 0.1 1840 (2.1) (2.4) 2762 3250 76.6 10.3 7.2 0.9 0.8 9.1% 11.4%
WSKT BUY 0.4 2130 (2.7) (3.6) 3276 3250 52.6 7.8 7.2 1.1 1.1 14.3% 14.8%
WIKA BUY 0.2 1455 (5.8) (6.1) 2245 1850 27.1 8.9 7.3 0.8 0.7 8.7% 9.4%
Average 9.6 8.0 1.0 0.9 10.8% 11.6%
Cement
INTP SELL 0.8 14700 (2.3) (33.0) 17393 13300 -9.5 19.7 16.8 1.9 1.8 9.6% 10.5%
SMGR BUY 0.7 7775 (4.9) (21.5) 9931 12000 54.3 13.0 11.9 1.4 1.3 10.7% 10.7%
SMCB SELL * 0.1 595 (4.8) (28.7) 707 700 17.6 -8.2 -9.8 0.6 0.6 -7.7% -6.6%
Average 8.2 6.3 1.3 1.2 4.2% 4.9%
Precast
WSBP BUY 0.2 394 (0.5) (3.4) 611 580 47.2 9.3 7.9 1.1 1.0 12.4% 12.5%
WTON BUY 0.1 440 0.0 (12.0) 666 750 70.5 9.2 8.0 0.9 0.8 10.2% 9.8%
Average 9.2 7.9 1.0 0.9 11.3% 11.2%
Oil and Gas
PGAS BUY 0.8 2090 2.5 19.4 2616 3000 43.5 14.2 13.1 1.1 1.0 7.5% 7.7%
AKRA BUY 0.3 4150 -3.71 -34.6 5850 7000 68.7 12.1 11.4 1.8 1.7 15.2% 14.7%
TPIA SELL * 1.4 5200 -5.0 -13.3 6160 5480 5.4 21.2 19.1 3.6 3.1 16.8% 16.2%
BRPT HOLD 0.6 2140 0.0 -5.3 2700 2400 12.1 14.7 13.0 1.1 1.0 7.6% 7.4%
MEDC BUY 0.3 1030 (3.3) 15.7 1690 2000 94.2 7.2 5.4 1.0 0.9 13.8% 15.9%
Average 13.9 12.4 1.7 1.5 12.2% 12.4%
Utilities
JSMR BUY 0.5 4420 (1.6) (30.9) 5817 7500 69.7 13.3 10.0 1.9 1.7 14.3% 16.8%
Metal
ANTM BUY 0.3 890 1.1 42.4 1072 1050 18.0 80.9 40.5 1.3 1.2 1.6% 3.1%
INCO BUY * 0.6 4030 0.2 39.4 3809 3600 -10.7 49.1 33.8 1.6 1.6 3.3% 4.7%
TINS BUY 0.1 915 (2.1) 18.1 1297 1150 25.7 13.9 11.3 1.1 1.1 8.1% 9.4%
Average 48.0 28.5 1.3 1.3 4.3% 5.7%
Coal
DOID BUY 0.1 855.0 -1.7 19.6 1576.0 1500 75.4 5.8 5.4 2.0 1.5 34.4% 27.3%
ITMG BUY 0.4 24325 (5.4) 17.5 33411 38000 56.2 8.8 8.3 1.8 1.7 20.8% 20.8%
ADRO BUY 1.0 2010 0.5 8.1 2603 3050 51.7 7.3 6.9 1.1 1.0 15.0% 14.5%
PTBA BUY * 0.7 4100 (3.3) 66.7 4051 4000 -2.4 11.1 12.4 3.1 2.7 28.1% 22.0%
Average 8.3 8.2 2.0 1.7 24.6% 21.2%
Plantation
AALI HOLD 0.3 11550 (0.4) (12.2) 14658 13500 16.9 10.3 10.1 1.2 1.1 11.3% 11.1%
LSIP BUY 0.1 1050 (4.1) (26.1) 1622 1950 85.7 8.8 8.0 0.8 0.8 9.3% 9.8%
SIMP HOLD 0.1 520 (1.0) 12.1 610 550 5.8 10.6 10.2 0.5 0.5 5.0% 5.0%
Average 9.9 9.4 0.8 0.8 8.6% 8.6%
Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Note: *: Under Review
Riset Saham Harian
22 Juni 2018
www.samuel.co.id
Page 5 of 6
Regional Indices 1D Change
Points 1D 3D 1W 1M 3M YTD 1YR High Low
World (11.83) 2,106 (0.56) (0.26) (1.60) (1.07) 1.59 0.12 9.60 2,250 1,905
U.S. (S&P) (17.56) 2,750 (0.63) (0.86) (1.18) 0.93 4.01 2.85 12.95 2,873 2,406
U.S. (DOW) (196.10) 24,462 (0.80) (2.10) (2.83) (1.50) 2.10 (1.04) 14.32 26,617 21,197
Europe (36.09) 3,404 (1.05) (1.82) (3.50) (5.12) 1.65 (2.87) (4.28) 3,709 3,262
Emerging Market (13.07) 1,080 (1.20) (0.45) (4.89) (5.42) (9.74) (6.76) 7.08 1,279 1,002
FTSE 100 (70.96) 7,556 (0.93) (0.98) (2.70) (4.08) 8.69 (1.71) n/a 7,904 6,867
CAC 40 (56.30) 5,316 (1.05) (2.47) (3.84) (5.75) 2.88 0.06 0.65 5,657 4,995
Dax (183.25) 12,512 (1.44) (2.51) (4.54) (5.00) 3.40 (3.14) (2.20) 13,597 11,727
Indonesia (61.71) 5,822 (1.05) (4.66) (4.38) 1.24 (6.90) (8.39) (0.13) 6,693 5,717
Japan (227.39) 22,466 (1.00) 0.84 (1.69) (2.15) 4.05 (1.31) 11.71 24,129 19,240
Australia 0.67 6,233 0.01 2.14 2.28 3.16 4.98 2.76 9.23 6,249 5,639
Korea (3.73) 2,334 (0.16) (0.26) (2.91) (5.33) (6.49) (5.41) (1.53) 2,607 2,310
Singapore (15.90) 3,300 (0.48) (0.72) (2.73) (6.86) (5.48) (3.02) 2.63 3,642 3,193
Malaysia (17.43) 1,692 (1.02) (2.93) (4.04) (8.28) (9.83) (5.82) (4.79) 1,896 1,682
Hong Kong (400.12) 29,296 (1.35) (3.34) (4.65) (6.21) (5.71) (2.08) 14.11 33,484 25,200
China (39.92) 2,876 (1.37) (4.83) (5.70) (10.53) (11.88) (13.04) (8.63) 3,587 2,871
Taiwan 13.63 10,941 0.12 (1.32) (2.08) 0.02 (0.59) 2.80 5.21 11,270 10,189
Thailand (29.82) 1,634 (1.79) (2.69) (4.41) (7.17) (9.12) (6.80) 3.39 1,853 1,556
Philipines (163.47) 7,098 (2.25) (4.26) (6.64) (7.17) (12.63) (17.06) (9.67) 9,078 7,092
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) 0.02 4.34 (15.73) 9.48 33.03 11.37 (2.65) 6.06 3.89
Foreign Reserve (US$bn) n/a 122.90 n/a (1.57) (4.03) (5.60) (1.64) 131.98 122.90
Inflation Rate (%) n/a 0.21 n/a 110.00 23.53 (70.42) (46.15) 0.71 (0.07)
US Fed Rate (%) 0.00 2.00 0.00 14.29 14.29 33.33 60.00 2.00 1.25
Indo Govt Bond Yld (10yr) - % 0.00 7.50 2.70 (0.44) 10.41 18.63 9.77 7.64 6.09
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia 170.00 14100 (1.21) (1.21) (1.21) 0.60 (3.77) (3.77) (5.54) 14,213 13,145
Japan (0.03) 109.96 0.03 0.09 0.64 0.85 2.48 2.48 1.25 114.73 104.56
UK 0.00 1.33 0.11 0.61 (0.17) (1.32) (1.91) (1.91) 4.52 1.44 1.27
Euro 0.00 1.16 0.09 0.21 0.03 (1.40) (3.26) (3.26) 4.14 1.26 1.11
China 0.02 6.49 (0.30) (0.84) (1.41) (1.69) 0.21 0.21 5.18 6.84 6.24
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil 0.84 66.38 1.28 2.01 2.03 (7.97) 3.23 9.86 55.31 72.83 42.26
CPO (11.00) 2,251.00 (0.49) (2.43) (2.97) (7.97) (8.05) (10.07) (7.82) 2,876.00 2,238.00
Rubber 1.00 660.50 0.15 0.46 0.53 1.07 2.48 (9.83) (16.66) 857.50 610.50
Coal (1.45) 108.30 (1.32) (4.37) (4.96) 0.98 16.45 6.54 33.79 114.10 81.10
Iron Ore (0.21) 62.78 (0.33) 1.60 0.90 (4.49) (7.42) (11.30) 14.19 80.91 54.24
Tin (148.00) 20,597.00 (0.71) 0.02 (1.72) (0.81) (2.22) 2.49 4.95 22,104.00 18,866.50
Nickel 15.00 14,990.00 0.10 0.10 (1.93) 2.15 11.37 17.48 66.46 16,690.00 8,865.00
Copper 13.00 6,786.00 0.19 (2.56) (5.45) (1.35) (0.10) (6.36) 18.18 7,348.00 5,690.00
Gold (1.00) 1,267.60 (0.08) (0.70) (0.68) (1.89) (4.51) (2.96) 1.58 1,365.80 1,204.00
Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price Change (%) 1 Year
Change (%) 1 Year
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
www.samuel.co.id
Page 6 of 6
Research Team
Andy Ferdinand, CFA Head Of Equity Research, Strategy,
Banking, Consumer 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 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
Aben Epapras Marketing aben.epapras@samuel.co.id +6221 2854 8389
