DAILY NEWS
1/23/2015
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Market Recap:
Indeks Harga Saham Gabungan (IHSG) pada perdagangan di hari Kamis (22/01) mengalami penguatan sebesar 37.92 poin atau naik 0.73% dan berakhir di level 5,253.18. Sementara itu LQ45 mengakhiri perdagangan pada level 910.78 mengalami pertambahan sebesar 7.96 poin atau terapresiasi 0.88%.
Global Market
United States
Wall Street ditutup positif selama 4 hari berturut-turut setelah adanya kesepakatan ECB dalam meluncurkan program stimulus. adanya harapan bahwa ECB akan memberikan program stimulus secara besar-besaran. Indeks Dow Jones naik 259.07 poin atau menguat 1.48%, S&P 500 bertambah 1.53%, dan Nasdaq terapresiasi 1.78%. Sementara laporan pemerintah AS menunjukkan klaim awal pengangguran berkurang 10.000 menjadi 307,000, namun masih lebih tinggi dibandingkan estimasi 300,000.
Asia
Bursa saham Asia berakhir positif setelah adanya indikasi bahwa pemerintah China akan tetap fokus pada penguatan petumbuhan ekonomi-nya. Index Hang Seng bertambah 0.70% dan Nikkei menguat 0.28%.
JCI’s Outlooks
Menghijaunya seluruh bursa Global dan Regional akan memicu penguatan lanjutan terhadap IHSG hari ini, program stimulus ECB menjadi katalis pasar terkuat dalam mendorong bursa domestik. IHSG kami perkirakan akan bergerak bullish (moderat) dengan level support dan resistance masing-masing di 5,193 – 5,298.
Semesta Dana Maxima vs IDX Performances Semesta Dana Saham vs IDX Performances
-10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
1-Jan-14 1-Mar-14 1-May-14 1-Jul-14 1-Sep-14 1-Nov-14 JCI SDM -4% -2% 0% 2% 4% 6% 8% 10% 12% 14%
21-Mar-14 21-May-14 21-Jul-14 21-Sep-14
JCI SDS IDX Statistics Close Chg %Chg %YTD IDX Last 5,253.18 37.92 0.73 0.20 Vol (mn/sh) 6,036.74 Val (Rp Bn) 6,732.23
Foreign Net Buy/ -Net Sell (Rp bn) -248.91
Market Indices Close Chg %Chg %YTD DJIA 17813.98 259.07 1.48 -0.11 S&P 500 2063.15 31.03 1.53 0.24 NASDAQ 4750.40 82.98 1.78 0.50 FTSE 6796.63 68.59 1.02 3.80 NIKKEI 17329.0 48.54 0.28 -0.70 HANG SENG 24522.63 170.05 0.70 2.79 ASX 200 5491.40 71.46 1.32 1.02 EIDO 26.67 -0.07 -0.26 -2.81 Commodities Prices %Chg Close % YTD Oil-WTI (USD/bbl) 1.73 47.11 (9.33) Gold (USD/t oz.) 1.20 1,300 9.62 Nickel (USD/MT) 1.70 15,025 (0.83) Tin (USD/MT) 0.70 19,505 2.39 CPO (RM/Ton) (1.19) 2,246 (0.88) Coal 0.17 50.53 (1.12) Economic Indicators Latest Fed Rate (%) 0.25 BI Rate (%) 7.75 Inflation (YoY) (%) 8.36 GDP 3Q-14 (%) 5.01 USD//IDR 12,475 JPY/IDR 106 SGD/IDR 9,362 EUR/IDR 14,501 Mutual Fund NAB 1 Mo 1 Yr YTD SDM 7,299.63 0.48% 20.04% -0.97% SDS* 1,136.81 -0.36% - -2.24%
DAILY NEWS
1/23/2015
TECHNICAL COUNTER
BMRI
MACD Daily Golden Cross S: 10.250 R: 11,150 Rekomendasi : Buy
WSKT
MACD Daily Golden Cross
S: 1,445 R1: 1,700 Rekomendasi : Buy
MPPA
MACD Daily Golden Cross.
S: 2,950 R: 3,400 Rekomendasi : Hold
Keterangan rekomendasi
Buy : Harga berpotensi menguat beberapa hari kedepan
Buy on Weakness : Harga berpotensi menguat namun diperkirakan akan terkoreksi untuk sementara Trading Buy : Harga diperkirakan bergerak fluktuatif dengan kecenderungan ditutup menguat
DAILY NEWS
1/23/2015
Please see important disclosure at the end of this report
3 of 6 Please see important disclosure at the end of this
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INDONESIA NEWS
Ekonomi – Pertumbuhan Ekonomi
Presiden RI optimistis target pertumbuhan ekonomi sepanjang 2015 dapat mencapai 5.6%-5.8%. Menurut kepala negara, target tersebut sangat realistis, karena tidak terlalu pesimistis dan juga tidak terlalu optimistis. Target pertumbuhan ekonomi yang sudah ditetapkan bukan tanpa kalkulasi yang jelas dan matang. Target tersebut dapat dipenuhi dengan dua cara, yaitu penyerapan anggaran yang harus diatas 90% dan mendorong investasi. (Sumber: IFT)
Gajah Tunggal (GJTL) Close: 1,310 Change: 3.15%
GJTL menargetkan pertumbuhan penjualan 2015 naik 8 sampai 9 persen, jika dibandingkan dengan capaian kinerja penjualan yang meningkat 6 persen di 2014. (Sumber: IQ Plus)
Waskita Karya (Persero) (WSKT) Close: 1,565 Change: 3.30%
WSKT akan masuk ke proyek transmisi listrik berkapasitas 500 kilovolt (KV) di Sumatera. Nilai proyek jaringan listrik tegangan ekstra tinggi tersebut mencapai Rp 10 triliun. (Sumber: Berita Satu)
Humpuss Intermoda Transportasi (HITS) Close: 705 Change:
-HITS menargetkan meraih kontrak jangka panjang untuk pengangkutan semen tahun ini. Target tersebut merupakan lajutan dari aksi divestasi saham anak usahanya, Humpuss Transportasi Curah (HTC), beberapa waktu lalu. (Sumber: Berita Satu)
Perusahaan Gas Negara (PGAS) Close: 5,375 Change: 0.47%
PGAS telah menandatangani Perjanjian dengan TL Offshore-Encona Consortium pada 20 Januari 2015. Perjanjian itu perihal pekerjaan pemasangan Pipa Offshore dan Onshore jaringan pipa Transmisi Gas Bumi Kalija Tahap I Ruas Kepodang - Tambak Lorok. (Sumber: IQ Plus)
Indosat (ISAT) Close: 4,260 Change: 0.12%
ISAT memodernisasi jaringan di Makassar, khususnya untuk layanan data/internet dengan kecepatan hingga 42 Mbps. Division Head Public Relations Indosat, Adrian Prasanto dalam keterangan persnya di Jakarta, Kamis, mengatakan, hadirnya jaringan baru 42 Mbps di Makassar merupakan bagian dari hasil implementasi program modernisasi jaringan yang telah diselesaikan Indosat di 23 kota di seluruh Indonesia. (Sumber: IQ Plus)
DAILY NEWS
1/23/2015
Daily Valuation
STOCK Stock Last Px Shr. Out M.Cap Px Target P/E ¹ PBV GPM OPM NPM DER ROE¹
Code Rating (IDR) (Bn) (IDR tn) 15F (x) (x) (%) (%) (%) (x) (%)
AGRICULTURE
1Astra Agro Lestari AALI Hold 24000 1.574 37.78 26,000 15.05 3.37 31.31 23.78 16.01 0.62 22.4
2BW Plantation BWPT - 337 4.503 1.52 - 5.35 0.65 45.57 30.17 18.95 1.79 12.5
3London Sumatera LSIP Hold 825 6.822 5.63 2,145 6.02 0.80 35.87 26.58 19.82 0.21 13.3 4Sampoerna Agro SGRO Outperform 271 1.89 0.51 2,515 1.24 0.17 28.36 20.34 12.51 0.69 13.86 5Salim Ivomas SIMP Outperform 50 15.816 0.79 910 1.06 0.05 26.62 14.96 5.17 0.85 4.52
MINING
6Adaro Energy ADRO - 1015 31.985 32.46 - 0.83 0.83 23.37 18.81 8.79 1.23 8.76
7Harum Energy HRUM - 83 2.703 0.22 - 0.07 0.05 18.29 5.02 5.19 0.18 6.74
8Indo Tambangraya ITMG - 82 1.129 0.09 - 0.03 0.01 23.13 14.99 15.33 0.43 31.15 9Bukit Asam PTBA Outperform 835 2.304 1.92 13,850 0.91 0.24 31.76 19.17 16.38 0.72 25.86 10Aneka Tambang ANTM Underperform 1055 9.538 10.06 925 -13.35 0.83 8.96 -2.05 -9.7 0.87 -6.19 11Vale Indonesia INCO - 7625 9.936 75.76 - 31.22 3.29 30.32 24.42 16.87 0.28 9.42 12Timah TINS Outperform 1500 7.447 11.17 1,425 25.42 2.26 17.92 7.83 6.93 5.48 58.59
BASIC INDUSTRY AND CHEMICALS
-13Indocement INTP Outperform 95 3.681 0.35 30,500 0.07 0.02 44.81 29.18 26.23 0.13 21.3 14Holcim Indonesia SMCB Hold 124 7.662 0.95 2,600 1.25 0.11 28.35 12.95 7.59 0.91 8.49 15Semen Indonesia SMGR Outperform 4000 5.931 23.72 18,100 4.35 1.01 43.68 26.92 21.12 0.38 23.2 16Wika Beton WTON Outperform 500 8.715 4.36 1,600 - - 14.52 12.2 9.61 0.81 14.4 17Charoen Pokphand CPIN Outperform 3925 16.40 64.36 4,375 28.24 5.90 15.56 10.57 7.86 0.76 20.93 18Japfa Comfeed JPFA Outperform 239 10.66 2.55 1,300 5.83 0.48 14 5.4 1.75 2.15 8.24 19Malindo Feedmill MAIN Outperform 50 1.791 0.09 3,075 3.57 0.08 9.89 2.49 0.54 1.8 2.09
MISC. INDUSTRY
-20Astra International ASII Hold 7750 40.783 316.07 7,650 16.25 2.72 19.12 9.73 9.62 1.04 16.73 CONSUMER GOODS
21Tiga Pilar Sejahtera AISA Hold 2145 3.218 6.90 2,500 20.05 2.73 21.47 14.52 7.06 1.2 13.66 22Indofood CBP ICBP Outperform 448 5.83 2.61 14,000 0.95 0.18 26.6 11.17 9.08 0.64 19.01 23Indofood Sukses INDF Outperform 800 8.78 7.02 8,250 1.74 0.17 27.03 12.01 6.01 1.11 9.9 24Gudang Garam GGRM Outperform 580 1.924 1.12 67,000 0.21 0.03 20.13 12.85 8.38 0.77 16.89 25Kimia Farma KAEF Hold 585 5.554 3.25 1,550 16.71 1.89 30.54 6.97 4.67 0.59 11.18 26Kalbe Farma KLBF Hold 170 46.875 7.97 2,030 4.05 0.86 48.05 16.46 11.65 0.3 21.49 27Industri Jamu SIDO Outperform 13275 15 199.13 800 - - 35.24 19.56 19.72 0.06 16.54 28Unilever Indonesia UNVR Outperform 121 7.63 0.92 37,500 0.17 0.17 48.8 21.02 1.77 1.77 98.64
PROPERTY AND REAL ESTATE
29Agung Podomoro APLN Outperform 417 20.5 8.55 520 12.64 1.08 50.01 24.75 14.43 1.8 8.5 30Alam Sutera ASRI Outperform 600 19.6 11.79 640 10.17 2.04 55.4 46.1 29.83 1.73 20.09 31Bumi Serpong Damai BSDE Outperform 2145 18.4 39.41 2,270 9.21 2.24 75.71 48.3 82.09 0.55 24.31 32Ciputra Development CTRA Hold 1465 15.17 22.22 1,325 18.78 2.08 51.86 34.71 20.87 1.08 11.03 33Lippo Karawaci LPKR Hold 645 23.07 14.88 1,200 10.57 0.91 46.84 28.27 17.21 1.17 8.56 34Pakuwon Group PWON Outperform 140 48.15 6.74 530 3.89 1.24 59.83 53.16 48.42 1.35 32.49 35Pem. Perumahan PTPP Buy 920 4.84 4.45 4,660 11.50 2.07 11.68 8.99 3.71 4.94 18 36Wijaya Karya WIKA Buy 790 6.149 4.86 4,200 9.08 1.03 10.92 9.58 4.65 2.18 11.31 37Waskita Karya WSKT Outperform 1325 9.673 12.82 1,650 73.61 5.28 9.47 6.35 2.44 3.23 7.09
INFRASTRUCTURE
38Perusahaan Gas Negara PGAS Outperform 101 24.24 2.45 - 0.28 0.07 43.84 30.62 23.54 0.92 28.21 39Jasa Marga JSMR Outperform 750 6.8 5.10 7,200 3.36 0.45 100 34.71 17.07 1.74 13.28 40XL Axiata EXCL Outperform 1865 8.53 15.92 6,300 -13.23 1.14 100 6.12 -5.13 3.14 -8.6 41Telekomunikasi Indonesia TLKM Buy 2090 100.8 210.67 3,350 13.84 2.61 27.33 33.92 17.38 0.7 18.87 42Express Trasindo TAXI Outperform 9575 2.15 20.54 1,600 140.81 23.35 84.56 18.73 17.03 2.31 16.5 43Tower Infrastructure TBIG Hold 695 4.80 3.33 10,800 2.20 0.76 85.22 75.93 46.81 3.85 34.59
FINANCE
44Bank Central Asia BBCA Hold 13200 24.41 322.21 13,150 20.00 4.35 - - - 6.41 11.17 45Bank Bukopin BBKP Outperform 760 8.99 6.83 840 7.68 1.03 - - - 11.72 13.58 46Bank Negara Indonesia BBNI Outperform 5950 18.46 109.84 6,950 10.94 1.92 - - - 6.34 8.91 47Bank Rakyat Indonesia BBRI Outperform 11475 24.42 280.22 13,280 11.70 3.10 - - - 6.57 13.82 48Bank Tabungan Negara BBTN Outperform 1030 10.46 10.77 1,230 10.84 0.92 - - - 10.67 4.64 49Bank Danamon BDMN Underperform 4660 9.48 44.18 3,700 15.90 1.38 - - - 4.84 4.83 50Bank Mandiri BMRI Outperform 11000 23.1 254.10 11,915 13.32 2.59 - - - 6.62 10.61
TRADE, SERVICE & INVESTMENT
51United Tractors UNTR Hold 3700 3.73 13.80 20,100 2.17 0.36 21.16 15.29 11.69 0.63 16.56 52Ace Hardware ACES Underperform 745 17.15 12.78 520 25.69 5.87 48.32 14.54 11.2 0.25 22.96 53Matahari Putra Prima MPPA Outperform 335 5.37 1.80 3,500 3.81 0.68 17.12 4.47 3.51 0.96 17.81 54Media Nusantara Citra MNCN Hold 795 14.18 11.27 2,800 6.07 1.29 57.8 37.91 27.53 0.58 21.11
DAILY NEWS
1/23/2015
Please see important disclosure at the end of this report
5 of 6 Please see important disclosure at the end of this
report Dividend
TANGGAL
KODE DIVIDEN CUM Ex PAYMENT KETERANGAN
AISA Rp 8,5 24-Dec-14 29-Dec-14 14-Jan-15 Tunai
ADRO Rp 11,73 24-Dec-14 29-Dec-14 16-Jan-15 Interim
BFIN Rp 138 2-Jan-15 5-Jan-15 15-Jan-15 Interim
DAILY NEWS
1/23/2015
RESEARCH
Aditya Perdana Putra Research Analyst
Aditya.Perdana@semesta-am.co.id
HEAD OFFICE
PT. Semesta Indovest Menara Imperium Fl.18 Jl. HR Rasuna Said Kav. 1 Jakarta 12980 - Indonesia
BRANCHES
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Disclaimer
This report has been prepared by PT. Semesta Indovest on behalf of itself and its affiliated companies and is provided for information purposes only. Under no circumstances is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has been produced independently and the forecasts, opinions, and expectations contained herein are entirely those of PT. Semesta Indovest.
While all reasonable care has been taken to ensure that information contained herein is not untrue or misleading at the time of publication, PT. Semesta Indovest makes no representation as to its accuracy or completeness and it should not be relied upon as such. This report is provided solely for the information of clients of PT. Semesta Indovest who are expected to make their own investment decisions without reliance on this report. Neither PT. Semesta Indovest nor any officer or employee of PT. Semesta Indovest accept any liability whatsoever for any direct or consequential loss arising from any use of this report or its contents. PT. Semesta Indovest and/or persons connected with it may have acted upon or used the information herein contained, or the research or analysis on which it is based, before publication.
