DAILY
RESEAR
CH
Market
Market Activity Market Index : 6,065.2 Index Movement : -26.3 -0.43% Market Volume : 16,854 Mn shrs Market Value : 9,649 Bn rupiahLast Close +/- % Leading Movers BBCA 32,900 -100 -0.3 DCII 23,750 3950 19.9 TBIG 2,900 60 2.1 BMRI 6,125 -125 -2.0 Lagging Movers SMMA 11,700 300 2.6 IBST 8,275 125 1.5 INPP 755 -50 -6.2 SAMF 1,535 -98 -6.0
Foreign Net Buy / Sell (Regular Market) Net Buy (IDR bn) Net Sell (IDR bn)
BBRI 195 PGAS 41 TLKM 65 TOWR 35 BBCA 58 BFIN 30 BRIS 39 TBIG 29 BBNI 36 INKP 24 Money Market Last Close +/- % USD/IDR 14,295 10.0 -0.1 JIBOR O/N 5.9 0.0
Dual Listing Securities Last Close +/- % TLKM 25.3 1.0 4.2 EIDO 22.5 0.0 -0.2 Global Indices Last Close +/- % DJIA 34,756 179 0.5 S&P 500 4,230 37 0.9 Euro Stoxx 4,089 10 0.2 MSCI World 2,997 24 0.8 STI 3,151 68 2.2 Nikkei 28,942 518 1.8 Hang Seng 28,918 -48 -0.2 Commodities Last Close +/- % Brent Oil 72 0.6 0.9 Coal (ICE) 110 -2.3 -2.1 CPO Malay 4,201 0.0 0.0 Nickel 17,993 130.8 0.7 Tin 30,865 879.0 2.93 Changes Changes Changes Changes Changes Friday, 04 Jun 2021
IHSG
Berpotensi
Melanjutkan
Momentum
Penguatan
Pada penutupan pekan lalu (4/6) pasar AS bergerak menguat; indeks Dow Jones
mengalami kenaikan sebesar +0.52%, S&P500 naik +0.89%, sementara Nasdaq
bergerak menguat +1.47%. Sentimen yang menjadi perhatian dari pasar AS adalah
rilis data non-farm payroll periode Mei yang mencapai 559 ribu (prev:278 ribu),
dibawah ekspektasi konsensus (650 ribu). Pelaku pasar global saat ini masih
mengkhawatirkan isu tapering dari bank sentral AS. Yield UST 10Y terpantau turun
ke level 1.55%, sementara indeks dolar AS masih berada di level yang cukup rendah
(90.13).
Pasar komoditas terpantau bergerak bervariasi Jumat lalu, WTI naik +1.2% ke level
USD 69.4/Bbl, diikuti Brent (+0.43% ke level USD 71.6/Bbl) dan nikel (+0.7% ke level
USD 17,993/ton). Sementara itu, harga batubara mengalami koreksi -1.5% ke level
USD 107.5/Ton. Hal serupa terjadi pada CPO (-0.7% ke level MYR 4,129/ton). Harga
emas terpantau menguat (+1.1% ke level USD 1,890/t.oz).
Dari dalam negeri, terjadi penambahan 5,832 kasus baru COVID-19 pada hari
Minggu (6/6) (Sabtu: 6,594 kasus) dengan positive rate sebesar 11.8% (Sabtu:
11.6%). Sejauh ini, telah ditemukan sebanyak 1.85 juta kasus COVID-19 di
Indonesia, dengan 1.7 juta di antaranya sembuh (recovery rate 91.9%). Terkait
vaksinasi, sejauh ini 17.6 juta orang di Indonesia telah menerima dosis pertama
vaksin COVID-19 (+62 ribu pada Minggu) dan 11.1 juta telah menerima dosis kedua
(+5 ribu pada Minggu), merefleksikan 9.7% dari total target.
IHSG bergerak menguat +3.7% selama sepekan lalu, namun terkoreksi -0.4% pada
hari Jumat (4/6) ke level 6,065. Pekan lalu terjadi net buy asing sebesar IDR 3.9
triliun. (IDR 265 miliar pada Jumat). Hari ini data cadangan devisa Indonesia periode
Mei’21 akan dirilis (prev: USD 138.8 miliar).
Pagi ini pasar regional dibuka menguat, dengan Kospi +0.6% dan Nikkei +0.5%.
Untuk IHSG pada hari ini kami perkirakan untuk berpeluang kembali menguat,
didukung oleh sentiment positif global dan regional.
DAILY RESEARCH
INCO :
Mempertahankan Target Produksi 64 Ribu Ton
7 June 2021
Equity Research│7 June 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)
1-M ar -2 0 1-Ap r-20 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-A pr -2 1 1-M ay -2 1 1-Ju n-21 0 10 20 30 40 50 60 70 80 1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-A pr -2 1 1-M ay -2 1 1-Ju n-21 40 50 60 70 80 90 100 110 120 130 1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-Ap r-21 1-M ay -2 1 1-Ju n-21 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-Au g-20 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-A pr -2 1 1-M ay -2 1 1-Ju n-21 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 1-M ar -2 0 1-A pr -2 0 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-O ct-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-A pr -2 1 1-M ay -2 1 1-Ju n-21 10,000 12,000 14,000 16,000 18,000 20,000 22,000 1-M ar -2 0 1-Ap r-20 1-M ay -2 0 1-Ju n-20 1-Ju l-2 0 1-A ug -2 0 1-Sep -2 0 1-Oc t-2 0 1-N ov -2 0 1-D ec -2 0 1-Ja n -2 1 1-Feb -2 1 1-M ar -2 1 1-Ap r-21 1-M ay -2 1 1-Ju n-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
%
6/6/2021 1,856,038 0.32 5,832 - 1,705,971 4,187 51,612 163 98,455
94.70
6/5/2021 1,850,206 0.36 6,594 - 1,701,784 4,241 51,449 153 96,973
94.76
6/4/2021 1,843,612 0.35 6,486 21.17 1,697,543 5,950 51,296 201 94,773
94.86
6/3/2021 1,837,126 0.29 5,353 2.04 1,691,593 11,092 51,095 187 94,438
94.86
6/2/2021 1,831,773 0.29 5,246 8.75 1,680,501 6,022 50,908 185 100,364
94.52
6/1/2021 1,826,527 0.26 4,824 (14.80) 1,674,479 5,360 50,723 145 101,325
94.45
5/31/2021 1,821,703 0.31 5,662 (7.41) 1,669,119 5,121 50,578 174 102,006
94.40
Average
5,714
5,996
173
94.65
Equity Research│7 June 2021
INCO: Mempertahankan Target Produksi 64 Ribu Ton
Proyek pembangunan ulang furnace 4 akan dilaksanakan pada November 2021, mundur dari rencana awal pada Mei
2021. Hal tersebut dikarenakan masih merebaknya pandemi COVID-19 yang menghambat pengerjaan proyek. Kendati
demikian, INCO mempertahankan target volume produksi 2021 di kisaran 64.000 ton, lebih rendah daripada realisasi
produksi 2020 sebesar 72.237 ton. INCO memilih mempertahankan target produksinya meskipun pengerjaan furnace 4
ditunda dan operasional berjalan cukup baik. (Bisnis Indonesia)
Comment:
Produksi 1Q21 tercatat mencapai 15,198t atau 24.1% dari proyeksi target produksi SSI 21F yang sebesar
63,000t. Meski demikian, SSI memproyeksikan bahwa produksi akan mulai pulih tahun depan, dengan target
produksi 22F sebesar 78,800t (+25% yoy). SSI mempertahankan proyeksi harga nikel global FY21-22F di angka
USD 17,300-18,500/t, lebih tinggi dibandingkan harga nikel saat ini (28/4) USD 16,963/t. INCO: BUY: 32.6x PE
Equity Research│7 June 2021
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 11.3 32,900 40,500 37,657 23.1 29.9 25.5 4.4 4.0 14.7 15.7 BBRI BUY 7.4 4,340 5,300 5,041 22.1 27.6 16.3 2.9 2.6 10.3 15.8 BMRI BUY 4.0 6,125 8,000 8,005 30.6 16.7 12.0 1.5 1.5 9.1 12.1 BBNI BUY 1.5 5,625 8,500 7,318 51.1 35.2 8.1 0.9 0.8 2.6 9.7 BBTN BUY 0.2 1,640 2,300 2,170 40.2 10.8 6.8 0.9 0.8 8.1 11.4 Average 20.9 9.0 1.1 1.0 6.6 11.1 Consumer (Staples) ICBP BUY 1.4 8,450 12,000 12,164 42.0 14.6 15.0 3.3 2.9 22.3 19.0 INDF BUY 0.8 6,575 9,500 8,858 44.5 11.8 11.9 1.4 1.3 11.9 11.0 KLBF BUY 1.0 1,485 1,750 1,776 17.8 25.2 22.8 4.0 3.7 16.0 16.0 UNVR BUY 3.0 5,650 7,900 6,987 39.8 30.1 28.5 43.8 40.4 145.7 141.4 SIDO BUY 0.3 775 970 922 25.2 24.9 21.4 7.2 6.7 29.1 31.5 Average 21.3 19.9 11.9 11.0 45.0 43.8 Cigarette HMSP BUY 2.1 1,315 1,460 1,292 11.0 h 18.0 5.1 5.1 28.5 28.1 GGRM BUY 0.9 33,350 44,400 37,711 33.1 7.6 7.4 1.1 1.0 14.2 13.9 Average 7.6 12.7 3.1 3.0 21.4 21.0 Healthcare MIKA BUY 0.5 2,600 3,500 3,229 34.6 43.6 41.1 7.6 6.9 17.5 16.8 SILO HOLD 0.2 8,300 9,100 9,133 9.6 592.9 251.5 2.3 2.2 0.4 0.9 HEAL BUY 0.2 4,460 5,700 5,291 27.8 40.9 35.4 5.4 4.8 13.3 13.5 Average 225.8 109.3 5.1 4.6 10.4 10.4 Poultry CPIN HOLD 1.6 7,050 7,300 7,082 3.5 40.1 30.8 5.5 5.1 13.7 16.4 JPFA BUY 0.4 2,160 2,400 2,389 11.1 27.0 14.2 2.2 1.9 8.0 13.1
MAIN SELL 0.0 920 890 1,044 -3.3 n/a 13.5 1.0 0.9 -0.9 6.8
WMUU BUY 0.0 199 370 370 85.9 #DIV/0! 8.4 #DIV/0! 1.9 #DIV/0! 23.1
Average 33.5 19.5 2.9 2.6 7.0 12.1
Retail
MAPI BUY 0.2 760 850 953 11.8 n/a 76.0 1.4 8.2 -7.4 10.8
RALS BUY 0.1 685 900 814 31.4 n/a 14.6 1.1 1.1 -1.5 7.7
ACES BUY 0.4 1,535 1,900 1,743 23.8 32.7 24.0 5.3 4.7 16.1 19.6
LPPF SELL 0.1 1,830 1,100 1,289 -39.9 n/a 14.2 3.1 4.8 -35.0 34.1
Average 32.7 38.2 2.6 4.7 2.4 12.7
Pulp and Paper
INKP SELL 0.7 8,900 7,000 N/A -21.3 10.2 12.3 0.8 0.7 7.6 6.0
Average 10.2 12.3 0.8 0.7 7.6 Media MNCN BUY 0.2 990 1,400 1,480 41.4 6.0 5.5 0.9 0.8 14.9 14.3 SCMA BUY 0.3 1,645 2,200 2,051 33.7 20.6 18.7 5.0 4.4 24.4 23.7 Average 13.3 12.1 3.0 2.6 19.6 19.0 Telco EXCL BUY 0.4 2,550 3,000 3,131 17.6 72.9 37.0 1.4 1.4 1.9 3.8
ISAT BUY 0.5 5,650 6,700 6,800 18.6 n/a n/a 2.4 2.4 -5.6 -0.9
TLKM BUY 4.9 3,500 4,050 4,114 15.7 16.7 15.5 2.9 2.7 17.2 17.7 Average 44.8 26.2 2.2 2.2 4.5 6.8 Telco Retail ERAA BUY 0.1 605 1,625 697 168.6 3.2 2.6 0.4 0.3 11.0 11.9 Telco Infra TBIG SELL 0.9 2,900 1,550 2,486 -46.6 60.4 56.9 10.0 8.9 16.5 15.6 TOWR HOLD 0.9 1,260 1,300 1,478 3.2 21.7 19.7 5.9 5.0 27.2 25.3 Average 41.1 38.3 7.9 6.9 21.9 20.4 Stock Rec.
Equity Research│7 June 2021
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 3.0 5,225 6,750 6,733 29.2 11.7 10.6 1.1 1.0 9.0 9.6 Average 11.7 10.6 1.1 1.0 9.0 Mining Contracting UNTR BUY 1.2 23,525 31,000 27,843 31.8 12.7 9.4 1.4 1.3 11.2 13.8 Average 12.7 9.4 1.4 1.3 11.2 Aviation GIAA BUY 0.1 256 650 455 153.9 2.6 2.2 0.5 0.4 17.5 16.9 Average 2.6 2.2 0.5 0.4 17.5 Property BSDE BUY 0.3 1,110 1,350 1,479 21.6 16.6 12.5 0.7 0.6 4.0 4.9 PWON HOLD 0.3 496 530 637 6.9 38.2 13.4 1.0 1.6 2.6 12.1 ASRI SELL 0.1 188 130 246 -30.9 14.5 6.7 0.3 0.3 2.3 4.7 LPKR SELL 0.2 165 140 223 -15.2 n/a n/a 0.4 0.4 -0.5 -0.2
SMRA BUY 0.2 910 1,200 1,033 31.9 53.5 31.4 1.8 1.7 3.4 5.4
CTRA HOLD 0.3 1,060 1,100 1,344 3.8 25.2 19.6 1.3 1.2 5.1 6.2
Average 29.6 16.7 0.9 1.0 2.8 5.5
Industrial Estate
SSIA BUY 0.0 466 700 632 50.2 n/a 42.4 0.6 0.6 -1.6 1.3
DMAS HOLD 0.2 228 250 274 9.6 15.2 13.4 1.5 1.7 9.6 12.7
KIJA SELL 0.1 200 150 N/A -25.0 18.2 15.4 0.7 0.5 4.0 3.4
Average 16.7 23.7 0.9 0.9 4.0 5.6 Construction PTPP BUY 0.1 1,145 1,900 1,948 65.9 52.0 9.3 0.5 0.5 0.9 4.9 ADHI BUY 0.1 1,025 1,800 1,539 75.6 42.7 10.0 0.6 0.6 1.5 6.1 WSKT BUY 0.2 1,080 2,200 1,283 103.7 n/a 10.4 0.6 0.6 -15.2 5.6 WIKA BUY 0.2 1,310 2,400 1,881 83.2 13.6 8.9 0.7 0.6 5.0 7.1 Average 36.1 9.6 0.6 0.6 -1.9 5.9 Cement INTP BUY 0.6 12,375 16,250 16,277 31.3 34.4 28.6 2.0 2.0 5.8 6.9 SMGR BUY 0.9 10,375 13,050 13,823 25.8 27.2 21.9 1.7 1.6 6.3 7.4 Average 30.8 25.2 1.9 1.8 6.1 7.2 Precast WSBP BUY 0.1 189 230 243 21.7 17.2 5.1 0.5 0.5 2.9 8.9 WTON BUY 0.0 292 450 443 54.1 26.5 7.9 0.8 0.7 2.9 8.9 Average 21.9 6.5 0.6 0.6 2.9 8.9
Oil and Gas
PGAS BUY 0.4 1,170 1,700 1,533 45.3 21.3 16.7 0.7 0.7 3.3 4.1
AKRA BUY 0.2 3,270 4,000 4,137 22.3 14.2 13.0 1.5 1.4 10.6 11.0
MEDC BUY 0.2 695 1,090 840 56.8 n/a 9.5 1.0 0.9 -9.9 9.7
Average 17.7 13.1 1.1 1.0 1.3 8.3
Chemical
TPIA BUY 2.0 7,825 10,250 9,063 31.0 539.7 89.9 5.4 5.4 1.0 6.0
BRPT BUY 1.2 885 1,150 1,047 29.9 185.0 113.0 4.7 4.7 2.5 4.2
ESSA SELL 0.1 366 225 540 -38.5 n/a n/a 2.5 1.3 -20.0 -0.5
Average 362.3 101.5 4.2 3.8 -5.5 3.2
Utilities
JSMR BUY 0.4 3,950 5,000 5,360 26.6 59.8 19.8 1.2 1.1 2.0 5.6
Metal
ANTM BUY 0.8 2,430 3,230 3,423 32.9 39.2 23.8 3.0 2.8 7.7 11.7
MDKA SELL 0.8 2,600 2,030 3,006 -21.9 n/a 14.1 9.4 10.3 15.7 72.9
INCO BUY 0.7 4,720 6,730 6,271 42.6 32.6 32.6 1.6 1.6 5.0 5.0
TINS BUY 0.2 1,570 1,775 1,790 13.1 n/a 1784.1 2.2 2.7 -4.2 0.1
Average 35.9 463.6 4.1 4.3 6.1 22.4
Equity Research│7 June 2021
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 14,100 13,550 15,726 -3.9 9.7 9.7 1.4 1.6 14.3 16.7 ADRO BUY 0.6 1,230 1,530 1,580 24.4 8.5 8.5 0.7 0.8 8.5 8.8 PTBA BUY 0.4 2,280 2,800 2,870 22.8 10.7 9.2 1.6 1.3 14.6 14.2 Average 9.6 9.1 1.2 1.2 12.5 13.2 Plantation AALI BUY 0.2 9,175 13,800 13,519 50.4 26.4 16.7 0.9 0.9 3.5 5.3 LSIP BUY 0.1 1,225 1,730 1,643 41.2 12.0 9.8 0.8 0.8 7.1 8.3 TBLA BUY 0.1 870 980 1,190 12.6 7.2 5.8 0.8 0.7 11.0 12.2
SIMP SELL 0.1 530 388 N/A -26.8 48.2 31.2 0.6 0.6 1.2 1.8
SSMS BUY 0.1 905 1,500 1,525 65.7 26.6 11.5 2.0 1.7 7.4 15.0
Average 24.1 15.0 1.0 0.9 6.0 8.5
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Equity Research│7 June 2021
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
World 2,997 24.49 0.82 0.73 0.60 9.85 11.42 32.23 2,999 2,116 U.S. (S&P) 4,230 37.04 0.88 0.69 (0.06) 10.10 12.61 32.44 4,238 2,966 U.S. (DOW) 34,756 179.35 0.52 0.85 (0.06) 10.35 13.56 28.20 35,092 24,843 Europe 4,089 10.14 0.25 0.46 1.37 11.44 15.11 20.83 4,101 2,921 Emerging Market 1,382 (2.01) (0.15) 0.39 2.45 3.15 6.99 37.79 1,449 962 FTSE 100 7,069 4.69 0.07 0.70 (0.85) 6.61 9.42 9.02 7,164 5,526 CAC 40 6,516 7.74 0.12 0.49 2.04 12.68 17.37 25.35 6,522 4,513 Dax 15,693 60.23 0.39 1.11 1.90 12.73 14.39 22.15 15,706 11,450 Indonesia 6,065 (26.35) (0.43) 3.82 2.31 (3.09) 1.44 22.58 6,505 4,712 Japan 28,942 (116.59) (0.40) 0.28 (1.42) 0.27 5.46 26.58 30,715 21,530 Australia 7,309 14.05 0.19 2.06 3.23 8.92 10.97 21.85 7,309 5,720 Korea 3,256 16.26 0.50 1.64 1.85 7.60 13.32 49.25 3,266 2,031 Singapore 3,151 (13.96) (0.44) (0.86) (1.54) 4.55 10.80 14.52 3,237 2,421 Malaysia 1,578 (12.12) (0.76) (1.00) (0.57) (1.35) (3.00) 1.42 1,696 1,452 Hong Kong 28,918 (47.93) (0.17) (0.71) 1.07 (0.62) 6.20 16.74 31,183 23,124 China 3,592 7.63 0.21 (0.25) 5.06 2.57 3.42 22.56 3,732 2,873 Taiwan 17,147 (98.75) (0.57) 1.64 (0.80) 8.15 16.39 49.38 17,709 11,245 Thailand 1,612 (6.02) (0.37) 1.80 1.67 4.37 11.19 12.25 1,628 1,187 Philipines 6,796 4.47 0.07 1.83 8.59 (1.24) (4.81) 5.12 7,432 5,692
1D 1D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 138.80 1.24 0.58 2.14 8.54 138.80 131.72
Inflation Rate (yoy, %) 1.68 1.96 1.32
Gov Bond Yld (10yr, %) 6.43 (9.98) 7.32 5.86
US Fed Rate (%) 0.25 0.25 0.25
Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Indonesia 14,295 10.00 (0.07) (0.07) 0.94 (0.20) (1.71) (1.40) 14,950 13,865 Japan 109.55 0.03 (0.03) 0.03 (0.87) (0.60) (5.75) (1.02) 110.97 102.59 UK 1.42 0.00 0.06 (0.33) 1.29 2.47 3.62 11.33 1.42 1.23 Euro 1.22 0.00 0.00 (0.49) 0.01 2.70 (0.40) 7.73 1.23 1.12 China 6.40 (0.01) 0.13 (0.42) 1.25 1.17 2.06 11.20 7.10 6.36 Chg (Pts)
1D 1D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 71.94 0.05 0.07 3.78 5.36 3.72 38.88 70.07 72.17 35.74 CPO 4,064 (17.00) (0.42) 1.35 5.45 13.27 12.89 75.40 4,468 2,260 Rubber 1,010.00 (10.00) (0.98) (6.61) (4.27) (11.21) 7.73 28.91 1,262.50 767.50 Coal 110.25 (2.35) (2.09) (7.28) 20.16 32.99 36.96 99.01 119.75 47.50 Tin 32,915 1,119.00 3.52 3.72 3.38 32.80 60.21 102.58 34,510 16,700 Nickel 18,020 129.00 0.72 0.68 1.99 11.70 8.47 41.08 20,110 12,425 Copper 9,955 166.50 1.70 (2.60) (0.11) 11.76 28.19 79.92 10,748 5,618 Gold 1,891 0.00 0.00 (0.61) 3.25 11.32 (0.12) 12.65 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
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
Equity Research│7 June 2021
Research Team
Suria Dharma Head of Equity Research, Strategy, Banking,
Consumer Staples suria.dharma@samuel.co.id +6221 2854 8148
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
Ahmad Fadillah Oil & Gas ahmad.fadillah@samuel.co.id +6221 2854 8144
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
Thita Rossiana Putri Admin & Sales Support Fixed Income Thita.rossiana@samuel.co.id +62-21 2854 8385
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
