Riset Saham Harian
Samuel Research 31 Januari 2018
www.samuel.co.id
Page 1 of 7
Kurangnya sentiment IHSG berpeluang terkoreksi
Bursa AS semalam ditutup melemah, terbebani oleh penurunan saham kesehatan dan kenaikan imbal hasil obligasi. Imbal hasil obligasi AS naik ke level tertingginya setelah The Fed menjelaskan prospek ekonomi dan penaikan tingkat suku bunga oleh bank sentral AS. Hal ini membuat
spekulasi para investor bahwa kenaikan suku bunga akan menekan market.
Sama halnya Bursa Eropa melemah merespon penurunan tajam saham- saham pertambangan merespon anjloknya harga logam, seiring potensi menguatnya dolar AS.
Pelemahan harga minyak berlanjut menyusul laporan industri yang menunjukkan kenaikan pertama persediaan minyak mentah AS sejak November. American Petroleum Institute (API) melaporkan peningkatan stok minyak mentah sebesar 3,23 juta barel pekan lalu. hal ini membawa jumlah persediaan mungkin naik sekitar 900.000 barel pada pekan lalu.
Dari domestik, saat ini fokus investor tertuju pada rilis laporan keuangan FY’2017. IHSG hari ini berpeluang terkoreksi sejalan dengan sentiment global. Rupiah kemungkinan bergerak di rentang Rp13,300/USD – Rp13,400/USD. Sementara EIDO melemah.
Highlights
TOTL: Target konservatif
BBTN: Laba bersih unaudited meningkat
Sektor konsumsi: Industri makanan dan minuman dinilai masih positif
Sektor Perkebunan: Ekspor minyak sawit tembus US$ 23 miliar
Property: Apartemen Surabaya masih mendominasi
: 6,575.5
: -105.1 (-1.57%) : 4,050 Mn shrs : 5,327 Bn rupiah
CloseLast +/- %
INKP 8,925 400 4.7
BTPN 3,510 250 7.7
AGRO 605 55 10.0
TPIA #N/A 50 0.8
HMSP 4,990 -185 -3.6
TLKM 3,970 -100 -2.5
BBRI 3,720 -80 -2.1
ASII 8,425 -225 -2.6
Foreign Net Buy / Sell
Net Buy (Rpbn) Net Sell (Rpbn)
BBCA 230 TLKM 344
PTBA 72 BBRI 334
ADRO 27 BMRI 121
BUMI 23 BBNI 91
WSKT 14 ASII 78 Money Market
Last
Close +/- %
USD/IDR 13,434 70.0 -0.5
JIBOR O/N 3.9 0.0 -
Infl (MoM) 0.7 - -
Dual Listing Securities Last
Close +/- %
TLKM 29.8 0.0 0.1
ISAT 56.5 -0.5 -0.8
EIDO 29.5 -0.6 -1.9
World Indices Last
Close +/- %
DJIA 26,077 -363 -1.4
S&P 500 2,822 -31 -1.1
Euro Stoxx 3,607 -36 -1.0
MSCI World 2,214 -20 -0.9
Nikkei 23,247 -45 -0.2
Hang Seng 32,607 -360 -1.1
Commodities Last
Close +/- %
Brent Oil 69 -0.4 -0.6
CPO Malay 2,497 -24.0 -1.0
Coal Newc 107 -1.8 -1.7
Nickel 13,320 -455.5 -3.3
Tin 21,788 -316.0 -1.4
Market Value
Changes Leading Movers
Market Activity Wednesday, 31 Jan 2018 Market Index
Index Movement Market Volume
Changes Changes
Changes
Changes Lagging Movers
Riset Saham Harian
31 Januari 2018
www.samuel.co.id
Page 2 of 7
TOTL: Target konservatif
PT Total Bangun Persada, Tbk (TOTL), mentargetkan pertumbuhan yang konsrvatif tahun ini atau Rp3.1t n sama dengan tahun lalu. Sementara dari sisi target kontrak baru juga tidak jauh berbeda targetnya (YoY), atau setara Rp4tn, dimana pada FY17 TOTL membukukan kontrak baru Rp4.1tn.
Adapun YTD18 TOTAL telah memperoleh kontrak baru Rp75milia, salah satunya merupakan kontrak baru dari proyek di Bengkulu. (Kontan). TOTL: Non Coverage; N/Ax P/E18E, N/Ax PBV 18E.
BBTN: Laba bersih meningkat
Laporan keuangan (bank only, unaudited) bulan Des’17 BBTN menunjukkan peningkatan kredit 20,5%yoy. Pendapatan bunga bersih naik 19,6% dan laba bersihnya naik 21,9%. (Company).
Comment:
Meski angka FY17 konsolidasi audited result masih bisa berbeda dengan angka bank only, unaudited tersebut, result itu semakin mengkonfirmasi kemungkinan laba bersih konsolidasi audited BBTN (diperkirakan rilis pada awal Feb’17) akan inline dengan ekspektasi kami dan konsensus.
Kami menduga angka tersebut di atas telah memasukkan unrecognized interest income 2015 sehingga pendapatan bunga bersih dan laba bersihnya meningkat tajam di bulan Des’17.
Kami saat ini masih merekomendasikan Hold karena harga sahamnya yang telah naik siknifikan dan akan me-review lagi setelah rilis FY17 audited result. BBTN: Hold; 18E’ PE: 10.9x, PBV:
1.6x.
Sektor konsumsi: Industri makanan dan minuman dinilai masih positif
Industri makanan dan minuman dinilai masih akan bertumbuh positif pada tahun ini, namun masih akan tergantung dari regulasi pemerintah. Gapmmi optimis tahun ini pertumbuhan industri makanan dan minuman mampu mencapai lebih dari 10%. Ketua Gapmmi juga menilai, ada beberapa regulasi pemerintah yang dianggap positif dalam mendorong pertumbuhan industri makanan minuman, contohnya adalah Peraturan Menteri Pertanian No.38/2017 tentang Rekomendasi Impor Produk Hortikultura, dan Peraturan Menteri Perdagangan No.91/2017 tentang Ketentuan Impor Produk Kehutanan, Perpres No.91/2017 tentang Percepatan Pelaksanaan Berusaha, serta Inpres No.7/2017 terkait pengendalian kebijakan di lingkup kementerian dan lembaga. (Kontan). Sektor konsumsi: Overweight.
Sektor Perkebunan: Ekspor minyak sawit tembus US$ 23 miliar
Berdasarkan Kementerian ESDM, nilai ekspor CPO sepanjang 2017 mencapai US$ 22,97 miliar
+26% yoy. Kenaikan tersebut seiring meningkatnya volume ekspor minyak sawit hingga 23%, yoy
menjadi 31,05 juta ton pada 2017. Selain itu, meningkatnya harga jual rata -rata CPO +2% yoy
menjadi US$ 714,30 per metrik ton menjadi faktor meningkatnya harga ekspor CPO. (Investor
Daily). Perkebunan: Neutral.
Riset Saham Harian
31 Januari 2018
www.samuel.co.id
Page 3 of 7
Property: Apartemen Surabaya masih mendominasi
Sepanjang tahun lalu, pasar apartemen di Surabaya tercatat stabil dengan dominasi pada kelas menengah. (Investor Daily).
Comment:
Sesuai dengan ekspektasi kami (lihat report-report sektor dan emiten property under coverage SSI sebelumnya), sub sektor property -high rise apartement- masih potensi stabil (tidak tertekan dan melemah tajam seperti sub segmen lainnya).
Tahun ini kami perkirakan landed masih akan stagnan dengan catatan kenaikan permintaan masih akan datang dari end user untuk kalangan low dan medium low dengan ASP Rp150juta -Rp300juta dan Rp5000juta-Rp1miliar. Untuk pasar high rise apartement khusus di Jakarta dan Greater Jakarta akan diwarnai menajamnya tingkat persaingan namun masih akan mampu bertumbuh.
Di sisi lain, terdapat dua sub sektor property yang kami pe rkirakan akan semakin tertekan yaitu:
hotel dan perkantoran. Hotel akan tertekan ditengah penambahan room yang massive dan pelemahan tingkat OR dengan supply budget dan non star hotel yang semakin mushrooming, sedangkan perkantoran masih dengan cerita yang sama yaitu over supply (lihat report kami sejak 2016).
Sub sektor property terakhir yaitu: retail dan industrial land. Retail masih akan berkinerja positif, sedangkan industrial land masih akan stagnan namun beberapa emiten potensi mencatat pre - sales yang bertumbuh didorong oleh kontinuitas kebutuhan warehousing dan logistics (lihat report SSI sejak 2016).
Wilayah Jakarta dan Greater Jakarta termasuk pulau Jawa masih akan mendominasi. Sementara dari sisi pertumbuhan kota, beberapa kota besar seperti Surabaya potensi menunjukan kontinuitas kenaikan permintaan.
PWON akan menjadi salah satu penerima benefitnya. Sementara dua saham pilihan kami lainnya
CTRA dan BSDE. Property: Neutral.
Riset Saham Harian
31 Januari 2018
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Page 4 of 7
Stock Rec. JCI Wgt Last price 1D Chg YTD Chg TP Cons TP SSI Upside PE PE PBV PBV ROE ROE
(%) (Rp) (%) (%) (Rp) (Rp) (%) 17E 18E 17E 18E 17E 18E
Banks
BMRI BUY * 5.1 8050 (1.5) 0.6 7950 7900 -1.9 18.8 15.6 2.1 1.9 11.4% 11.9%
BBCA HOLD 7.6 22800 0.0 4.1 22059 21300 -6.6 24.4 21.7 4.3 3.7 17.6% 17.0%
BBRI HOLD 6.2 3720 (2.1) 2.2 3842 3560 -4.3 16.6 13.9 2.8 2.4 16.7% 17.3%
BBNI HOLD 2.3 9225 (2.9) (6.8) 9547 9000 -2.4 13.0 11.2 1.8 1.6 13.6% 14.0%
BBTN HOLD 0.5 3600 (1.1) 0.8 3660 3300 -8.3 12.9 10.9 1.8 1.6 13.7% 14.3%
BNLI BUY 0.3 665 (2.9) 6.4 803 890 33.8 18.0 18.5 0.9 0.8 4.8% 4.4%
Average 17.3 15.3 2.3 2.0 12.9% 13.2%
Consumer (Staples)
ICBP BUY 1.4 8700 (2.0) (2.2) 9436 10200 17.2 25.8 23.8 5.2 4.6 19.9% 19.3%
INDF BUY 0.9 7800 (3.4) 2.3 9440 9900 26.9 15.3 13.9 2.2 2.0 14.2% 14.4%
KLBF BUY 1.1 1660 (2.1) (1.8) 1714 1900 14.5 32.0 28.1 5.9 5.2 18.4% 18.5%
ROTI BUY 0.1 1260 (2.7) (1.2) 1378 1590 26.2 33.7 19.0 4.1 3.5 12.2% 18.3%
UNVR HOLD 5.7 54875 (0.9) (1.8) 52379 49900 -9.1 59.1 53.9 77.6 68.8 131.3% 127.7%
SIDO BUY * 0.1 625 1.6 14.7 542 550 -12.0 19.1 18.2 3.3 3.1 17.1% 17.1%
AISA BUY 0.0 565 (4.2) 18.7 800 700 23.9 2.5 5.0 0.4 0.4 15.6% 7.2%
Average 26.8 23.1 14.1 12.5 32.7% 31.8%
Cigarette
HMSP BUY * 7.9 4990 (3.6) 5.5 4430 4390 -12.0 44.9 43.4 15.4 14.0 34.3% 32.4%
GGRM BUY 2.1 80050 (2.6) (4.5) 87484 83700 4.6 22.0 20.6 3.4 3.0 15.6% 14.8%
Average 33.4 32.0 9.4 8.5 25.0% 23.6%
Healthcare
MIKA BUY 0.4 1900 0.0 5.0 2269 2950 55.3 35.5 32.1 6.9 6.2 19.4% 19.4%
SILO HOLD 0.2 8900 (0.8) (7.0) 11336 10700 20.2 110.1 90.0 3.6 3.3 3.3% 3.7%
Average 72.8 61.1 5.2 4.8 11.3% 11.6%
Poultry
CPIN HOLD 0.8 3490 (2.5) 16.3 3155 3380 -3.2 19.9 15.1 3.5 3.0 17.6% 20.0%
JPFA BUY 0.2 1460 (0.3) 12.3 1638 1600 9.6 12.6 11.8 1.6 1.5 13.0% 12.4%
MAIN BUY 0.0 705 0.0 (4.7) 959 1200 70.2 4.2 3.3 0.6 0.5 14.6% 16.2%
Average 12.2 10.1 1.9 1.7 15.1% 16.2%
Retail
MAPI BUY 0.2 7575 (0.3) 22.2 8187 8000 5.6 50.8 24.9 3.6 3.2 7.1% 12.7%
RALS BUY 0.1 1150 (0.4) (4.2) 1274 1500 30.4 19.4 15.8 2.2 2.0 11.1% 12.7%
ACES BUY 0.3 1300 0.0 12.6 1368 1600 23.1 29.6 25.0 6.6 5.6 22.4% 22.4%
LPPF BUY 0.4 10975 (1.1) 9.8 12574 11500 4.8 14.6 14.2 9.4 7.1 64.5% 49.8%
Average 28.6 20.0 5.5 4.5 26.3% 24.4%
Media
MNCN BUY 0.3 1505 (2.9) 17.1 1833 2000 32.9 11.1 9.9 2.1 1.9 19.3% 19.3%
SCMA BUY 0.5 2580 (1.5) 4.0 2663 2900 12.4 23.9 21.0 9.2 7.6 38.4% 36.3%
Average 17.5 15.5 5.7 4.8 28.9% 27.8%
Telco
EXCL BUY 0.4 3020 (3.5) 2.0 4012 3200 6.0 94.4 40.3 1.5 1.5 1.6% 3.6%
ISAT BUY 0.4 5600 (3.0) 16.7 7540 8200 46.4 16.9 11.4 2.1 1.9 12.4% 16.3%
TLKM BUY 5.5 3970 (2.5) (10.6) 4812 5000 25.9 17.0 14.9 4.3 3.9 25.1% 25.9%
TOWR BUY 0.5 3800 (1.3) (5.0) 4868 4500 18.4 14.5 13.1 3.0 2.6 20.9% 20.2%
Average 35.7 19.9 2.7 2.5 15.0% 16.5%
Auto and HE
ASII BUY 4.7 8425 (2.6) 1.5 8999 9400 11.6 14.6 12.9 2.7 2.1 18.6% 16.6%
UNTR BUY 2.0 38500 (3.3) 8.8 39101 41500 7.8 20.6 20.4 3.2 2.9 15.5% 14.2%
Average 17.6 16.7 3.0 2.5 17.1% 15.4%
Aviation
GIAA HOLD 0.1 312 0.0 4.0 368 350 12.2 234.3 228.6 0.7 0.6 0.3% 0.3%
Riset Saham Harian
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Property
BSDE BUY 0.5 1780 (3.3) 4.7 2173 2350 32.0 15.9 13.7 1.4 1.2 8.7% 8.6%
PWON BUY 0.5 695 (2.1) 1.5 741 767 10.4 16.9 14.3 3.2 2.7 19.2% 19.1%
ASRI BUY 0.1 388 (4.4) 9.0 421 448 15.5 14.5 13.6 1.0 0.9 6.7% 6.7%
SMRA HOLD 0.2 1140 1.3 20.6 1173 1110 -2.6 50.8 48.5 1.4 1.7 2.8% 3.4%
SSIA HOLD 0.0 565 (3.4) 9.7 746 626 10.8 36.6 34.0 0.9 0.9 2.4% 2.6%
CTRA BUY 0.3 1160 (3.6) 12.2 1423 1580 36.2 17.2 15.8 1.5 1.4 8.7% 9.2%
DMAS BUY 0.1 198 (2.9) 15.8 258 228 15.2 11.2 9.0 1.1 1.0 9.7% 10.8%
KIJA BUY 0.1 292 (1.4) 2.1 384 450 54.1 12.7 11.4 1.0 0.9 7.8% 7.9%
Average 22.0 20.1 1.4 1.3 8.3% 8.5%
Construction
PTPP BUY 0.3 3100 (3.1) 17.4 4032 4150 33.9 13.8 11.7 1.6 1.5 11.8% 12.6%
ADHI BUY 0.1 2220 (3.9) 17.8 2544 2550 14.9 23.1 17.1 1.4 1.4 6.1% 7.9%
WSKT BUY 0.5 2780 (2.1) 25.8 3068 3250 16.9 16.6 13.1 1.9 1.8 11.2% 13.6%
WIKA BUY 0.3 2050 (3.3) 32.3 2413 3000 46.3 16.5 14.4 1.3 1.2 8.0% 8.3%
Average 17.5 14.1 1.6 1.5 9.3% 10.6%
Cement
INTP SELL 1.1 21500 (1.8) (2.1) 17858 13500 -37.2 38.4 28.8 3.0 2.8 7.7% 9.6%
SMGR HOLD 0.9 10900 (2.7) 10.1 10932 9000 -17.4 22.5 18.2 2.1 1.9 9.4% 10.7%
SMCB SELL 0.1 900 (1.1) 7.8 677 700 -22.2 -11.8 -12.3 0.9 1.0 -7.8% -7.7%
SMBR HOLD 0.4 3170 (0.3) (16.6) 598 2300 -27.4 176.1 176.1 9.5 9.2 5.4% 5.2%
Average 56.3 52.7 3.9 3.7 3.7% 4.4%
Precast
WSBP BUY 0.2 452 (3.7) 16.2 630 500 10.6 11.6 9.0 1.4 1.2 12.3% 13.6%
WTON BUY 0.1 595 (3.3) 19.0 776 750 26.1 15.7 14.9 2.3 2.1 14.6% 14.0%
Average 13.6 12.0 1.9 1.7 13.4% 13.8%
Oil and Gas
PGAS BUY * 0.8 2380 (4.4) 36.0 2407 2200 -7.6 21.6 16.2 1.3 1.2 5.9% 7.5%
AKRA BUY 0.3 6275 -1.95 -1.2 7494 8500 35.5 15.4 18.2 3.1 2.8 20.0% 15.2%
TPIA HOLD 1.6 6525 0.8 8.8 5324 5800 -11.1 29.0 26.6 5.0 4.5 17.1% 16.8%
BRPT BUY 0.5 2500 -0.8 10.6 2518 2600 4.0 18.9 17.1 1.5 1.3 8.0% 7.6%
MEDC BUY 0.3 1240 (5.7) 39.3 1249 1500 21.0 9.3 8.6 1.4 1.2 14.7% 13.8%
Average 18.9 17.4 2.4 2.2 13.1% 12.2%
Utilities
JSMR BUY 0.6 5600 (1.8) (12.5) 6945 7500 33.9 19.8 16.9 2.7 2.4 13.6% 14.3%
Metal
ANTM BUY 0.3 910 0.6 45.6 908 1050 15.4 227.5 91.0 1.2 1.3 0.5% 1.5%
INCO BUY 0.5 3750 (2.8) 29.8 3435 3800 1.3 -1785.7 45.7 1.5 1.5 -0.1% 3.3%
TINS BUY 0.1 1055 (4.1) 36.1 1171 1200 13.7 16.5 14.1 1.4 1.3 8.4% 9.4%
Average -513.9 50.2 1.4 1.4 2.9% 4.7%
Coal
DOID BUY 0.1 1085.0 -3.1 51.7 1438.6 1450 33.6 16.2 7.6 4.5 2.8 27.8% 36.7%
ITMG BUY 0.5 30100 (3.8) 45.4 29005 38000 26.2 10.8 10.9 2.4 2.3 22.1% 20.8%
ADRO BUY 1.1 2550 (0.4) 37.1 2623 3050 19.6 12.9 12.6 1.5 1.4 11.3% 10.8%
PTBA BUY 0.5 3400 (0.9) 38.2 3360 4000 17.6 17.9 10.2 0.6 0.5 3.4% 5.2%
Average 14.5 10.3 2.2 1.7 16.1% 18.4%
Plantation
AALI BUY 0.3 12925 (2.8) (1.7) 16548 17800 37.7 10.1 9.3 1.4 1.3 14.1% 13.8%
LSIP BUY 0.1 1335 (1.5) (6.0) 1714 1950 46.1 12.0 11.1 1.1 1.0 9.2% 9.3%
SIMP HOLD 0.1 520 (1.0) 12.1 540 550 5.8 12.1 10.6 0.6 0.5 4.6% 5.0%
Average 11.4 10.3 1.0 1.0 9.3% 9.4%
Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Note: *: Under Review
Riset Saham Harian
31 Januari 2018
www.samuel.co.id
Page 6 of 7
Regional Indices 1D Change
Points 1D 3D 1W 1M 3M YTD 1YR High Low
World (20.11) 2,214 (0.90) (1.55) (0.81) 5.26 8.71 5.26 23.53 2,250 1,786
U.S. (S&P) (31.10) 2,822 (1.09) (0.59) (0.59) 5.57 9.60 5.57 23.85 2,873 2,267
U.S. (DOW) (362.59) 26,077 (1.37) (1.20) (0.51) 5.49 11.55 5.49 31.28 26,617 19,785
Europe (36.29) 3,607 (1.00) (0.64) (1.78) 2.93 (1.83) 2.93 11.64 3,709 3,214
Emerging Market (20.36) 1,248 (1.61) (1.25) (0.38) 7.70 11.49 7.70 37.22 1,279 908
FTSE 100 (83.55) 7,588 (1.09) (0.37) (1.86) (1.30) 1.27 (1.30) n/a 7,793 7,094
CAC 40 (47.81) 5,474 (0.87) (0.14) (1.11) 3.03 (0.54) 3.03 15.26 5,567 4,734
Dax (126.77) 13,198 (0.95) (0.76) (2.67) 2.17 (0.24) 2.17 14.41 13,597 11,480
Indonesia (105.13) 6,575 (1.57) (0.60) (0.90) 3.46 9.49 3.46 24.20 6,686 5,294
Japan (36.39) 23,256 (0.16) (1.59) (2.86) 2.16 5.65 2.16 22.13 24,129 18,225
Australia (10.30) 6,013 (0.17) (0.62) (0.41) (0.87) 1.75 (0.87) 6.97 6,150 5,583
Korea 6.41 2,574 0.25 (0.02) 1.42 4.32 2.01 4.32 24.50 2,607 2,052
Singapore (28.33) 3,549 (0.79) (0.67) (1.21) 4.29 5.18 4.29 16.47 3,612 3,031
Malaysia (1.94) 1,869 (0.10) 1.23 1.66 3.99 6.90 3.99 11.79 1,873 1,668
Hong Kong (359.60) 32,607 (1.09) (0.14) (0.98) 8.98 15.44 8.98 39.58 33,484 22,997
China (34.99) 3,488 (0.99) (1.70) (1.65) 5.47 2.79 5.47 10.41 3,587 3,017
Taiwan (145.03) 11,077 (1.29) (0.80) (1.57) 4.08 2.62 4.08 17.24 11,270 9,414
Thailand (10.88) 1,827 (0.59) 0.40 (0.28) 4.16 6.11 4.16 15.81 1,848 1,529
Philipines (148.14) 8,910 (1.64) (0.99) (0.98) 4.11 6.52 4.11 23.25 9,078 7,146
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) (0.00) 3.91 (0.04) (10.18) 2.63 0.19 (6.29) 4.96 3.89
Foreign Reserve (US$bn) n/a 130.20 n/a 3.36 0.61 11.89 11.89 130.20 116.89
Inflation Rate (%) n/a 0.71 n/a 255.00 446.15 69.05 69.05 0.97 (0.07)
US Fed Rate (%) 0.00 1.50 0.00 0.00 20.00 0.00 100.00 1.50 0.75
Indo Govt Bond Yld (10yr) - % 0.00 6.37 2.84 0.82 (6.27) 0.82 (16.72) 7.66 6.09
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia 70.00 13434 (0.52) (1.08) (0.81) 1.00 1.00 1.00 (0.62) 13,645 13,145
Japan 0.14 108.92 (0.13) (0.31) 0.28 3.41 3.46 3.46 3.56 115.51 107.32
UK 0.00 1.42 0.10 0.01 (0.57) 4.87 4.80 4.80 12.58 1.43 1.21
Euro 0.00 1.24 0.12 (0.08) 0.07 3.37 3.43 3.43 14.99 1.25 1.05
China (0.02) 6.32 0.26 0.04 1.28 2.89 2.89 2.89 8.86 6.92 6.31
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (0.66) 63.84 (1.02) (3.48) (2.70) 5.66 17.40 5.66 20.89 66.66 42.05
CPO (24.00) 2,497.00 (0.95) 0.16 0.12 (0.24) (12.05) (0.24) (18.66) 3,048.00 2,390.00
Rubber (1.00) 742.50 (0.13) (0.27) (0.74) 1.37 (5.11) 1.37 (36.57) 1,174.00 732.50
Coal (1.85) 107.15 (1.70) (0.46) 0.61 5.41 7.80 5.41 28.25 109.65 71.25
Iron Ore 1.78 73.78 2.47 (0.86) 1.04 4.47 21.13 4.24 (11.58) 94.91 54.24
Tin (316.00) 21,788.00 (1.43) 0.68 4.62 8.42 11.41 8.42 11.12 22,104.00 18,750.00
Nickel (455.00) 13,350.00 (3.30) (2.45) 3.89 4.62 14.35 4.62 37.91 14,040.00 8,680.00 Copper (35.00) 7,050.00 (0.49) (1.23) 1.83 (2.72) 2.66 (2.72) 21.13 7,312.50 5,462.50
Gold 2.40 1,337.80 0.18 (1.06) (1.36) 2.41 5.59 2.41 10.69 1,365.40 1,193.50
Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
DISCLAIMERS : Analyst Certification : The v iews expressed in this research accurately ref lect the personal views of the analyst(s) about th e subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly relate d 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 an d maintain independence and objectivity in making any recommendations. This document is f or information only and f or the use of the recipient. It is not to be reproduced or copied or made avai lable to others. Under no circumstances is it to be considered as an offer to sell or solicitation to buy any security. Any recomme ndation 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
www.samuel.co.id
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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
