Program vaksinasi terus berlanjut, IHSG berpeluang menguat

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www.samuel.co.id 1

DAILY RESEARCH

Market

: 6,359.2

: +20.7 0.33%

: 20,798 Mn shrs : 13,348 Bn rupiah

Last

Close +/- %

EMTK 2,240 130 6.2

SMGR 11,700 1025 9.6

INTP 13,775 875 6.8

POLL 4,320 570 15.2

MEGA 10,425 -323 -3.0

BBCA 35,075 -150 -0.4

MDKA 2,670 -170 -6.0

BBRI 4,800 -30 -0.6

Foreign Net Buy / Sell (Regular Market) Net Buy (IDR bn) Net Sell (IDR bn)

BBRI 84 GGRM 65

BBCA 80 MDKA 46

BMRI 75 ADRO 36

TLKM 57 PGAS 36

SMGR 47 ICBP 25 Money Market

Last

Close +/- %

USD/IDR 14,325 70.0 -0.5

JIBOR O/N 5.9 0.0

Dual Listing Securities Last

Close +/- %

TLKM 24.3 0.3 1.3

EIDO 23.8 0.9 4.0

Global Indices Last

Close +/- %

DJIA 31,536 603 1.9

S&P 500 3,902 91 2.4

Euro Stoxx 3,724 17 0.5

MSCI World 2,784 57 2.1

STI 2,974 1 0.0

Nikkei 29,408 -255 -0.9

Hang Seng 29,096 -357 -1.2

Commodities Last

Close +/- %

Brent Oil 64 0.1 0.2

Coal (ICE) 86 1.7 2.0

CPO Malay 3,816 -40.0 -1.0

Nickel 18,644 103.5 0.6

Tin 23,720 -2,719.0 -10

Changes Changes

Leading Movers

Lagging Movers

Changes

Changes Market Value

Market Activity Tuesday, 02 Mar 2021 Market Index Index Movement Market Volume

Program vaksinasi terus berlanjut, IHSG berpeluang menguat

Bursa saham AS ditutup melemah pada perdagangan semalam, dengan Dow turun - 0.46%, S&P500 melemah -0.81% dan Nasdaq melemah -1.69%. Saham-saham di AS terkena aksi profit taking setelah naik cukup tinggi sehari sebelumnya. Para pelaku pasar masih menanti implementasi stimulus USD 1.9 triliun yang saat ini masih tertahan di Senat. Selain itu, investor juga menunggu rilis data-data ekonomi pada minggu ini seperti klaim pengangguran, data durable goods order, serta data report pekerjaan bulan Februari yang dapat menjadi pedoman arah pasar tenaga kerja kedepannya. Selain itu, pasar juga menanti rilisnya Federal Reserve Beige Book, yang kemungkinan besar akan berisi rincian tentang pandangan bank sentral AS terhadap kondisi ekonomi kedepannya.

Dari pasar komoditas, harga minyak turun setelah adanya kemungkinan OPEC+

menaikan jumlah produksinya hingga +1.5 juta bpd., dengan minyak Brent turun -1.8%.

Sementara itu, harga sejumlah komoditas lain masih mengalami penguatan, seperti timah (+3.9%), nikel (+0.56%), dan emas (+0.65%). Hanya harga CPO yang menurun sebesar -1.19%.

Sentimen dalam negeri datang dari program stimulus yang dikeluarkan pemerintah.

Setelah sebelumnya diumumkan penurunan pajak PPnBm mobil dan PPN rumah, sekarang pajak dividen pun turut dihapuskan. Hal ini dapat memberikan sentimen positif bagi saham-saham emiten yang biasa memberikan dividen besar. Selain itu penurunan jumlah kasus aktif COVID-19 di Indonesia juga menjadi sentimen positif.

Kemarin, jumlah kasus aktif COVID-19 di Indonesia bertambah menjadi 5,712 kasus.

sedangkan pasien sembuh bertambah 8,948 kasus, sehingga kasus aktif turun di bawah 150 ribu kasus, tepatnya 149,645 kasus. Selain itu, program vaksinasi masih terus dilanjutkan. Kemarin, 214,955 orang menerima dosis pertama, dan 45,070 orang menerima dosis kedua vaksin COVID-19. 1 hari. Angka ini jauh lebih besar ketimbang angka pada hari sebelumnya (+28,799 dosis pertama dan +3,799 dosis kedua).

Sentimen positif ini diperkirakan akan mendorong penguatan IHSG hari ini. Nikkei pagi ini terpantau naik +0.26% dan Kospi +0.11%.

DAILY RESEARCH

 WSKT : Berburu Proyek Baru Highlights

3 March 2021

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Equity Research│3 March 2021

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 %

3/1/2021 1,341,314 0.50 6,680 20.14 1,151,915 9,212 36,325 159 153,074 88.59 2/28/2021 1,334,634 0.42 5,560 (10.44) 1,142,703 6,649 36,166 185 155,765 88.33 2/27/2021 1,329,074 0.47 6,208 (24.59) 1,136,054 7,382 35,981 195 157,039 88.18 2/26/2021 1,322,866 0.63 8,232 (3.07) 1,128,672 7,261 35,786 268 158,408 88.03 2/25/2021 1,314,634 0.65 8,493 12.74 1,121,411 8,686 35,518 264 157,705 88.00 2/24/2021 1,306,141 0.58 7,533 (22.94) 1,112,725 7,735 35,254 240 158,162 87.89 2/23/2021 1,298,608 0.76 9,775 (3.98) 1,104,990 7,996 35,014 323 158,604 87.79

Average 7,497 7,846 233 88.12

Source: SSI Research, Bloomberg

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)

1-Mar-20 1-Apr-20 1-May-20 1-Jun-20 1-Jul-20 1-Aug-20 1-Sep-20 1-Oct-20 1-Nov-20 1-Dec-20 1-Jan-21 1-Feb-21 1-Mar-21

0 10 20 30 40 50 60 70 80

40 50 60 70 80 90 100

1,500 2,000 2,500 3,000 3,500 4,000 4,500

4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000

10,000 12,000 14,000 16,000 18,000 20,000 22,000

1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200

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WSKT: Berburu Proyek Baru

Emiten kontraktor PT Waskita Karya (Persero) Tbk. tengah mengikuti proses tender dengan nilai berkisar IDR 7 —8 triliun sembari melirik peluang proyek di luar negeri. Taufik Hendra Kusuma, Direktur Keuangan Waskita Karya, menjelaskan saat ini pihaknya tengah mengikuti proses tender proyek dari pemerintah.“

Proses tender saat ini sekitar IDR 7-8 triliun, dari pemerintah. Winning rate target sekitar 35%—40%,” kata Taufik, Selasa (2/3). (Bisnis Indonesia)

Comment:

Dari tender yang sedang diikuti, WSKT berpotensi menambah perolehan kontrak baru sekitar IDR 2.5- 3.2 triliun. WSKT menargetkan perolehan kontrak baru sebesar IDR 31 triliun tahun ini (naik IDR 4 triliun dari pencapaian FY20 sebesar IDR 27 triliun). Saat ini WSKT tengah mengusahakan divestasi 9 ruas tol kepada berbagai investor, termasuk SWF. Divestasi keseluruhan ruas tol tersebut kami proyeksi dapat mencapai nilai transaksi IDR 18.6 triliun dengan laba yang diraup anak usaha Waskita Toll Road mencapai IDR 4.7 triliun. WSKT: BUY: 14.3x PE '21E, 0.8x PBV '21E, TP: IDR 2,200

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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

BMRI BUY 4.3 6,600 8,000 8,018 21.2 18.0 13.0 1.6 1.6 9.1 12.1

BBCA BUY 12.1 35,075 40,500 37,829 15.5 31.9 27.2 4.7 4.3 14.7 15.7

BBRI BUY 8.3 4,800 5,300 5,135 10.4 30.6 18.0 3.2 2.8 10.3 15.8

BBNI BUY 1.6 6,150 8,500 7,338 38.2 38.4 8.9 1.0 0.9 2.6 9.7

BBTN HOLD 0.3 2,150 2,300 2,181 7.0 14.1 8.9 1.1 1.0 8.1 11.4

Average 26.6 15.2 2.3 2.1 9.0 12.9

Consumer (Staples)

ICBP BUY 1.4 8,700 12,000 12,035 37.9 17.7 15.8 3.5 3.0 19.6 19.1

INDF BUY 0.8 6,275 9,500 8,570 51.4 11.3 11.4 1.3 1.2 11.9 11.0

KLBF BUY 1.0 1,550 1,750 1,842 12.9 26.3 23.8 4.2 3.8 16.0 16.0

UNVR BUY 3.7 6,825 7,900 8,108 15.8 36.3 34.5 52.9 48.8 145.7 141.4

SIDO BUY 0.3 795 970 921 22.0 25.6 22.0 7.4 6.9 29.1 31.5

Average 23.4 21.5 13.9 12.8 44.5 43.8

Cigarette

HMSP HOLD 2.4 1,440 1,460 1,342 1.4 16.7 16.6 51.4 5.1 307.1 30.9

GGRM BUY 1.0 37,375 44,400 40,982 18.8 8.5 8.2 1.2 1.1 14.2 13.9

Average 12.6 12.4 26.3 3.1 160.7 22.4

Healthcare

MIKA BUY 0.6 2,920 3,400 3,054 16.4 49.0 46.2 8.6 7.7 17.5 16.8

SILO HOLD 0.1 5,450 5,800 5,800 6.4 389.3 165.2 1.5 1.5 0.4 0.9

HEAL BUY 0.2 4,200 5,000 4,725 19.0 38.5 33.3 5.1 4.5 13.3 13.5

Average 158.9 81.5 5.1 4.6 10.4 10.4

Poultry

CPIN BUY 1.5 6,300 7,300 6,745 15.9 35.8 27.5 4.9 4.5 13.7 16.4

JPFA BUY 0.3 1,580 1,800 1,769 13.9 20.0 9.8 1.6 1.5 7.9 15.3

MAIN BUY 0.0 710 890 852 25.4 n/a 10.4 0.8 0.7 -0.9 6.8

Average 27.9 15.9 2.4 2.2 6.9 12.8

Retail

MAPI HOLD 0.2 850 850 954 0.0 n/a 85.0 1.5 9.1 -7.4 10.8

RALS BUY 0.1 745 900 838 20.8 n/a 15.9 1.2 1.2 -1.5 7.7

ACES BUY 0.4 1,550 1,900 1,826 22.6 33.0 24.2 5.3 4.7 16.1 19.6

LPPF SELL 0.1 1,385 1,100 1,098 -20.6 n/a 10.7 2.4 3.7 -35.0 34.1

Average 33.0 41.7 2.7 5.0 2.4 12.7

Pulp and Paper

INKP SELL 1.0 13,250 7,000 9,875 -47.2 15.2 18.3 1.2 1.1 7.6 6.0

Average 15.2 18.3 1.2 1.1 7.6

Media

MNCN BUY 0.2 1,100 1,400 1,536 27.3 6.7 6.1 1.0 0.9 14.9 14.3

SCMA SELL 0.4 1,910 1,750 2,269 -8.4 24.2 21.7 5.0 4.2 20.6 19.2

Average 15.4 13.9 3.0 2.5 17.7 16.8

Telco

EXCL BUY 0.3 2,250 3,300 3,405 46.7 10.6 21.0 1.1 1.1 10.8 5.2

ISAT SELL 0.4 5,650 3,100 5,620 -45.1 n/a 148.7 2.5 2.4 -3.2 1.6

TLKM BUY 4.8 3,460 4,300 4,146 24.3 15.5 14.8 2.8 2.6 17.8 17.8

Average 13.0 61.5 2.1 2.1 8.5 8.2

Telco Retail

ERAA SELL 0.1 2,590 1,625 2,483 -37.3 13.9 11.3 1.5 1.3 11.0 11.9

Telco Infra

TBIG SELL 0.7 2,170 1,550 1,996 -28.6 45.2 42.5 7.5 6.6 16.5 15.6

TOWR HOLD 0.9 1,225 1,300 1,309 6.1 21.1 19.1 5.8 4.8 27.2 25.3

Average 33.2 30.8 6.6 5.7 21.9 20.4

Stock Rec.

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Auto

ASII BUY 3.2 5,575 6,750 6,765 21.1 12.5 11.3 1.1 1.1 9.0 9.6

Average 12.5 11.3 1.1 1.1 9.0

Mining Contracting

UNTR BUY 1.2 22,900 31,000 30,141 35.4 12.3 9.1 1.4 1.3 11.2 13.8

Average 12.3 9.1 1.4 1.3 11.2

Aviation

GIAA BUY 0.1 366 650 428 77.6 3.7 3.2 0.7 0.5 17.5 16.9

Average 3.7 3.2 0.7 0.5 17.5

Property

BSDE HOLD 0.4 1,265 1,350 1,466 6.7 18.9 14.2 0.7 0.7 4.0 4.9

PWON SELL 0.4 580 525 629 -9.5 44.6 25.2 1.2 1.1 2.6 4.4

ASRI SELL 0.1 252 130 238 -48.4 19.4 9.0 0.4 0.4 2.3 4.7

LPKR SELL 0.2 206 140 197 -32.0 n/a n/a 0.5 0.5 -0.5 -0.2

SMRA HOLD 0.2 910 950 970 4.4 53.5 31.4 1.8 1.7 3.4 5.4

CTRA SELL 0.3 1,190 1,100 1,231 -7.6 28.3 22.0 1.4 1.4 5.1 6.2

Average 32.9 20.4 1.0 1.0 2.8 4.2

Industrial Estate

SSIA BUY 0.0 515 700 641 35.9 n/a 46.8 0.6 0.6 -1.6 1.3

DMAS HOLD 0.2 236 250 274 5.9 15.7 13.9 1.5 1.8 9.6 12.7

KIJA SELL 0.0 167 150 N/A -10.2 15.2 12.8 0.6 0.4 4.0 3.4

Average 15.5 24.5 0.9 0.9 4.0 4.7

Construction

PTPP BUY 0.1 1,685 1,900 2,029 12.8 76.6 13.7 0.7 0.7 0.9 4.9

ADHI BUY 0.1 1,450 1,800 1,806 24.1 60.4 14.1 0.9 0.9 1.5 6.1

WSKT BUY 0.3 1,490 2,200 1,722 47.7 n/a 14.3 0.9 0.8 -15.2 5.6

WIKA BUY 0.2 1,825 2,400 2,217 31.5 19.0 12.4 0.9 0.9 5.0 7.1

Average 52.0 13.6 0.9 0.8 -1.9 5.9

Cement

INTP BUY 0.7 13,775 16,250 16,895 18.0 38.3 31.8 2.2 2.2 5.8 6.9

SMGR BUY 1.0 11,700 13,050 14,133 11.5 30.7 24.7 1.9 1.8 6.3 7.4

Average 34.5 28.2 2.1 2.0 6.1 7.2

Precast

WSBP SELL 0.1 262 230 290 -12.2 23.8 7.1 0.7 0.6 2.9 8.9

WTON BUY 0.0 354 450 496 27.1 32.2 9.6 0.9 0.8 2.9 8.9

Average 28.0 8.3 0.8 0.7 2.9 8.9

Oil and Gas

PGAS BUY 0.5 1,470 1,700 1,784 15.6 26.7 21.0 0.9 0.9 3.3 4.1

AKRA BUY 0.2 3,340 3,800 3,966 13.8 15.4 13.5 1.6 1.5 10.1 10.9

MEDC BUY 0.2 685 1,090 870 59.1 n/a 9.4 1.0 0.9 -9.9 9.7

Average 21.1 14.6 1.2 1.1 1.2 8.2

Chemical

TPIA HOLD 2.5 9,775 10,250 9,925 4.9 674.1 112.4 6.7 6.7 1.0 6.0

BRPT SELL 1.4 1,150 1,120 1,198 -2.6 240.3 146.9 6.1 6.1 2.5 4.2

ESSA HOLD 0.0 212 225 313 6.1 n/a n/a 1.5 0.7 -20.0 -0.5

Average 457.2 129.6 4.8 4.5 -5.5 3.2

Utilities

JSMR BUY 0.4 4,160 5,000 5,757 20.2 63.0 20.9 1.2 1.2 2.0 5.6

Metal

ANTM BUY 0.9 2,730 3,230 3,252 18.3 44.0 26.8 3.4 3.1 7.7 11.7

MDKA SELL 0.8 2,670 2,030 2,873 -24.0 n/a 14.5 9.7 10.6 15.7 72.9

INCO BUY 0.8 5,875 6,730 6,461 14.6 40.5 40.5 2.0 2.0 5.0 5.0

TINS SELL 0.2 2,050 1,775 1,350 -13.4 n/a 2329.5 2.9 3.5 -4.2 0.1

Stock Rec.

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Coal

ITMG BUY 0.2 12,000 13,550 14,962 12.9 8.3 8.3 1.2 1.4 14.3 16.7

ADRO BUY 0.5 1,185 1,530 1,670 29.1 8.2 8.2 0.7 0.7 8.5 8.8

PTBA HOLD 0.4 2,730 2,830 2,999 3.7 14.5 10.0 2.1 1.7 14.3 16.5

Average 10.3 8.8 1.3 1.3 12.4 14.0

Plantation

AALI BUY 0.3 11,050 13,800 14,620 24.9 31.8 20.1 1.1 1.1 3.5 5.3

LSIP HOLD 0.1 1,340 1,370 1,542 2.2 3.1 2.7 1.0 1.0 33.6 37.0

TBLA HOLD 0.1 945 980 1,135 3.7 7.8 6.3 0.9 0.8 11.0 12.2

SIMP SELL 0.1 462 388 472 -16.0 42.0 27.2 0.5 0.5 1.2 1.8

SSMS BUY 0.1 990 1,500 1,490 51.5 29.1 12.5 2.2 1.9 7.4 15.0

Average 22.8 13.8 1.1 1.0 11.3 14.3

Source: SSI Research, Bloomberg

Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.

Stock Rec.

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Chg (Pts)

1D 1D 1W 1M 3M YTD 1YR High Low

World 2,784 56.79 2.08 (0.20) 1.89 6.50 3.48 25.82 2,838 1,579

U.S. (S&P) 3,902 90.67 2.38 0.65 1.97 6.35 3.88 26.26 3,950 2,192

U.S. (DOW) 31,536 603.14 1.95 0.04 2.76 5.53 3.04 18.10 32,010 18,214

Europe 3,724 17.25 0.47 0.94 3.72 5.75 4.82 11.53 3,743 2,303

Emerging Market 1,362 23.21 1.73 (2.56) (1.36) 10.89 5.51 33.97 1,449 752

FTSE 100 6,635 46.70 0.71 0.14 1.82 2.66 2.70 (0.30) 6,904 4,899

CAC 40 5,827 33.82 0.58 0.81 4.74 4.36 4.96 9.25 5,834 3,632

Dax 14,083 69.89 0.50 1.57 1.79 5.78 2.65 18.76 14,169 8,256

Indonesia 6,359 20.69 0.33 1.38 5.22 9.38 6.36 18.61 6,505 3,912

Japan 29,408 (255.33) (0.86) (2.48) 3.69 9.73 7.16 37.78 30,715 16,358

Australia 6,762 (27.28) (0.40) (1.12) (0.00) 2.61 2.66 5.80 6,938 4,403

Korea 3,044 30.92 1.03 (1.17) (0.41) 15.55 5.93 53.19 3,266 1,439

Singapore 2,974 0.87 0.03 2.88 1.94 5.80 4.57 (1.13) 3,048 2,208

Malaysia 1,570 2.73 0.17 0.31 (0.67) (1.80) (3.52) 7.02 1,696 1,208

Hong Kong 29,096 (356.71) (1.21) (5.02) (0.52) 9.66 6.85 10.67 31,183 21,139

China 3,509 (42.81) (1.21) (3.51) (0.71) 1.72 1.02 18.10 3,732 2,647

Taiwan 15,947 (6.92) (0.04) (2.82) 3.48 14.84 8.24 41.22 16,579 8,524

Thailand 1,503 2.44 0.16 1.71 1.15 6.02 3.73 12.55 1,562 969

Philipines 6,920 46.57 0.68 1.60 0.75 (2.27) (3.08) 2.52 7,432 4,039

Foreign Reserves (US$Bn) 138.00 1.55 3.25 1.55 4.78 138.00 120.97

Inflation Rate (yoy, %) 1.38 2.96 1.32

Gov Bond Yld (10yr, %) 6.58 (5.66) 8.38 5.86

US Fed Rate (%) 0.25 1.75 0.25

Chg (Pts)

Indonesia 14,325 70.00 (0.49) (1.62) (2.09) (1.40) (1.92) (0.42) 16,625 13,865

Japan 106.88 0.12 (0.11) (1.53) (1.78) (2.30) (3.40) 1.36 111.71 101.19

UK 1.39 (0.00) (0.03) (1.36) 1.85 4.16 1.84 9.15 1.42 1.14

Euro 1.20 (0.00) (0.14) (0.97) (0.10) (0.69) (1.51) 8.07 1.23 1.06

China 6.47 0.01 (0.09) (0.08) (0.22) 1.41 0.86 7.56 7.18 6.42

Chg (Pts)

Oil (Brent) 63.82 0.13 0.20 (2.37) 11.07 32.27 23.20 22.97 67.70 15.98

CPO 3,510 (39.00) (1.10) (4.52) 7.37 8.43 (2.50) 50.97 3,791 1,944

Rubber 1,139.00 (8.50) (0.74) 6.95 23.80 15.17 21.49 46.78 1,262.50 685.00

Coal 85.50 1.70 2.03 11.40 4.27 19.66 6.21 27.99 92.00 47.50

Tin 23,739 (2,800.00) (10.55) (18.30) (1.73) 25.62 15.55 45.93 30,500 13,375

Nickel 18,682 105.00 0.57 (4.16) 4.60 14.77 12.45 52.44 20,110 10,865

Copper 9,044 (33.00) (0.36) (0.58) 15.97 17.54 16.46 60.50 9,617 4,371

Gold 1,729 6.40 0.37 (4.18) (5.62) (5.37) (8.65) 8.44 2,074 1,451

Source: Bloomberg, SSI Research

Change (%) 1 Year

Commodity Indicators Last Price Regional Indices Last Price

Exchange Rate (per USD) Last Price

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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 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.

Research Team

Suria Dharma Head of Equity Research, Strategy,

Banking, Consumer Staples [email protected] +6221 2854 8148

Ahmad Mikail Zaini Economist [email protected] +6221 2854 8396

William Mamudi, CFTe, CMT Technical Analyst [email protected] +6221 2854 8382 Muhamad Alfatih CSA, CTA,

CFTe Senior Technical Portfolio Advisor [email protected] +6221 2854 8129

Yosua Zisokhi Cement , Cigarette,Paper,

Plantation,Telco Infra, Chemical [email protected] +6221 2854 8387 Dessy Lapagu Aviation, Coal, Metal, Retail [email protected] +6221 2854 8392 Selvi Ocktaviani Automotive,Construction, Mining Cont.,

Precast,Telco, Toll Roads [email protected] +6221 2854 8393

Nashrullah Putra Media, Poultry [email protected] +6221 2854 8739

Olivia Laura Anggita Healthcare, Property [email protected] +6221 2854 8393

Ahmad Fadillah Oil & Gas [email protected] +6221 2854 8144

Calista Muskitta Research Associate [email protected] +6221 2854 8331

Equity Institutional Team

Benny Bambang Soebagjo Head of Institutional Equity Sales [email protected] +6221 2854 8312 Ronny Ardianto Institutional Equity Sales [email protected] +6221 2854 8399 Fachruly Fiater Institutional Equity Sales [email protected] +6221 2854 8325 Henry Sutanto Institutional Equity Sales [email protected] +6221 2854 8329

Sylviawati Customer Service [email protected] +6221 2854 8193

Private Wealth Management

Evelyn Satyono Head of PWM Equity Sales [email protected] +6221 2854 8380

Clarice Wijana PWM Equity Sales [email protected] +6221 2854 8395

Gitta Wahyu Retnani PWM Equity Sales [email protected] +6221 2854 8365

Wahyudi Budiyono Dealer [email protected] +6221 2854 8152

Equity Retail Team

Kelvin Long Head of Retail Equity Sales [email protected] +6221 2854 8150

Lucia Irawati Retail Equity Sales [email protected] +6221 2854 8173

Salt World Widjaja Retail Equity Sales [email protected] +6221 2854 8163

Fixed Income Sales Team

R. Virine Tresna Sundari Head of Fixed Income [email protected] +6221 2854 8170 Rudianto Nugroho Fixed Income Sales [email protected] +6221 2854 8306

Sany Rizal Keliobas Fixed Income Sales [email protected] +6221 2854 8337

Rahmawati Fixed Income Sales [email protected] +6221 2854 8385

Online Trading Sales Team

Joseph Soegandhi Head of OLT [email protected] +6221 2854 8872

Nugroho Nuswantoro Head of Marketing Online Trading [email protected] +6221 2854 8372

Wahyu Widodo Marketing [email protected] +6221 2854 8371