RISET SAHAM HARIAN
Samuel Equity Research Tuesday, 29 November 2016
www.samuel.co.id DISCLAIMERS : Anal yst Certification : The vi ews express ed in this research acc urat el y reflect t he personal views of t he anal ys t(s) about t he s ubjec t s ecurities or issuers and no part of the c ompens ation of the analys t(s) was, is, or will be direc tl y or indirec tl y related t o the incl usion of s pecific recommendati ons or vi ews in this res earch. The anal yst(s) princi pall y res ponsible for the pr eparati on of this r esearch has t aken reasonable car e to ac hi eve and maintain i nd ependence and obj ecti vit y in maki ng any rec ommendati ons . This document is for inf ormation onl y and f or the use of the recipient . It is not to be repr oduced or copied or made available to ot hers. Under no circumst anc es is it t o be considered as an off er t o s ell or solicitation t o buy any s ecurit y. Any r ecommendation c ontai ned in this report may not be s uit able f or all invest ors. Mor eover, although the i nfor mation cont ained herein has been obtained from sources believed t o be r eliabl e, its accurac y, c omplet eness and reli abilit y c annot be guaranteed. All rights res er ved by PT Samuel Sekuritas Indonesi a.
: 5,114.6 : -7.5 (-0.15%) : 4,050 Mn shrs : 5,327 Bn rupiah Last Close +/- % ASII 7,825 200 2.6 SMGR 8,675 475 5.8 POWR 1,480 170 13.0 INTP 15,350 725 5.0 BBRI 10,475 -450 -4.1 HMSP 3,870 -40 -1.0 BBCA 14,375 -150 -1.0 UNTR 21,500 -400 -1.8
Foreign Net Buy / Sell
Net Buy (Rpbn) Net Sell (Rpbn)
ADRO 56 BBRI 145 PWON 30 TLKM 53 LPPF 16 BUMI 42 PPRO 14 BMRI 36 SMGR 13 ASII 30 Money Market Last Close +/- % USD/IDR 13,535 20.0 -0.1 JIBOR O/N 4.2 0.0 -Infl (MoM) 0.1 -
-Dual Listing Securities
Last Close +/- % TLKM 28.4 0.1 0.2 ISAT 40.0 -0.3 -0.6 EIDO 23.1 -0.1 -0.6 World Indices Last Close +/- % DJIA 19,098 -54 -0.3 S&P 500 2,202 -12 -0.5 Euro Stoxx 3,017 -32 -1.0 MSCI World 1,713 -8 -0.5 Nikkei 18,282 -75 -0.4 Hang Seng 22,831 107 0.5 Commodities Last Close +/- % Brent Oil 48 1.0 2.1 CPO Malay 3,077 45.0 1.5 Coal Newc 92 -0.3 -0.3 Nickel 11,594 69.0 0.6 Tin 21,255 140.0 0.7 Market Value Changes Leading Movers Market Activity Tuesday, 29 Nov 2016 Market Index Index Movement Market Volume Changes Changes Changes Changes Lagging Movers
IHSG berpeluang
rebound
hari ini
Bursa AS ditutup melemah pada penutupan perdagangan semalam. Kami melihat penurunan tersebut lebih dikarenakan redanya euforia ‘Trump Rally’ dan koreksi, di mana pasar di AS telah bergerak naik cenderung cukup tajam, pasca terpilihnya Donald Trump. Para pelaku pasar juga mulai menyadari ekspektasi menguatnya perekonomian AS di bawah pemerintahan baru terlalu cepat. Sejalan dengan bursa AS, mayoritas bursa Eropa pun ditutup melemah pada perdagangan semalam.
Dari regional Asia, bursa utama dibuka cenderung mixed, dengan bursa Jepang menunjukkan pelemahannya seiring penguatan Yen dan bayangan bahwa naiknya Donald Trump akan berdampak negatif pada kestabilan pasar keuangan di Asia. Untuk dalam negeri, IHSG pada perdagangan hari Senin kemarin ditutup melemah tipis sebesar 0.15% ke level 5,114.6 di awal perdagangan pekan ini didorong oleh berlanjutnya aksi jual investor asing seiring bertahannya pelemahan rupiah. Investor asing mencatatkan net sell sebesar Rp309 miliar di pasar reguler. Kami melihat hari ini IHSG berpeluang untuk naik. Redanya efek Trump dapat menekan Dollar Index dan menguatkan nilai tukar Rupiah.
Highlights
BBTN : Menargetkan pertumbuhan DPK 23% ACES : Tambah gerai baru ke 11 tahun ini BUM I : Restrukturisasi utang BUMI dimulai AISA : Perbesar bisnis beras premium BM RI : Lebih optimis di tahun depan
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BBTN: Menargetkan pertumbuhan DPK 23%
BBTN menargetkan kenaikan Dana Pihak Ketiga (DPK) sebesar 21-23% yoy di tahun depan dengan membangun 66 kantor baru dan memperkenalkan produk yang menarik. Hingga 9M16, DPK tumbuh 18,5% yoy.
Saat ini perseroan memiliki 65 kantor cabang dan 249 KCP. Total jaringan BBTN mencapai 3.744 kantor di Indonesia. (Investor Daily) BBTN: Buy; 6.1x PE17E dan 0.8x PBV 17E.
ACES: Tambah gerai baru ke 11 tahun ini
PT Ace Hardware Indonesia Tbk. (ACES) akan menambah satu gerai di Aceh pada akhir November 2016, yang merupakan gerai baru ke 11, sekaligus melampaui target ekspansi pada tahun ini. Penambahan gerai tersebut merupakan bagian dari rencana ekspansi ACES yang menelan belanja modal Rp300 miliar sepanjag tahun ini.
Adapun investasi yang dikeluarkan untuk membuka satu gerai mencapai Rp20 miliar, dan sepanjang November 2016, ACES telah menambah tiga gerai baru. Pada 26 November 2016, ACES telah membuka gerai di Siliwangi, Semarang dengan luas 2000 meter persegi, dan pada 24 November 2016, perseroan te lah membuka gerai di Ruko Taman Palem dengan luasan sekitar 1,269 meter persegi. (Bisnis Indonesia). ACES: Buy, 17E’PE: 21.8x, PBV: 4.0x.
BUM I: Restrukturisasi utang BUMI dimulai
Kuasa Hukum PT Bumi Resources Tbk (BUMI) menyatakan PKPU telah diratifikas i sesuai voting pada 9 November 2016. Rincian formalnya akan dilaporkan pada 30 November 2016.
Implementasi restrukturisasi akan dimulai dengan melakukan audit laporan keuangan per Sept’16, yang ditargetkan selesai akhir Des’16. Kemudian prospektus terkait rencana konversi utang menjadi saham serta mekanisme mandatory covertible bonds (MCB) diharapkan terbit pada Januari 2017.
Bumi Resources berharap dapat mengantongi izin efektif dari Otoritas Jasa Keuangan (OJK) terhadap aksi korporasi pada Februari 2017. Sehingga pada Maret 2017, perseroan bisa menyelenggarakan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB). Alhasil, proses eksekusi konversi utang ke saham dapat dilakukan pada Mei-Juni 2017.
Penerbitan saham baru BUMI akan dilakukan pada atau sebelum 30 Ju ni 2016. Adapun, pada klausul penerbitan MCB senilai US$ 639 juta, kupon yang ditetapkan sekitar 6% per tahun dan jatuh tempo tujuh tahun sejak tanggal efektif. (Investor Daily) BUMI: Non-Coverage.
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AISA: Perbesar bisnis beras premium
PT Tiga Pilar Sejahtera Food Tbk. (AISA) semakin fokus untuk memperbesar pasar beras premium yang terkenal dengan merek Manyuss, dikarenakan respons pasar yang bagus. Untuk mencapai target, AISA berencana untuk menambah cakupan kota yang menjadi wilayah distribusi. Selain masuk ke toko modern, AISA menggarap pemasaran lewat Mitra Usaha Maknyuus. Mitra akan menggarap pasar kawasan perumahan.
AISA juga berencana untuk memasarkan beras melalui tenaga pemasaran langsung. (Kontan). AISA: Buy, 17E’PE: 12.2x, PBV: 1.4x.
BM RI: Lebih optimis di tahun depan
BMRI sedang berupaya menjaga kualitas asetnya, dimana sebelumnya diberitakan bahwa tekanan NPL masih besar dan manajemen berencana menambah biaya provisi hingga Rp 22 triliun di tahun ini atau naik dari Rp 16 triliun pada 9M16. Kredit diperkirakan tumbuh 12-14% di tahun depan, lebih baik dari 9M16 yang
hanya tumbuh 11,5% yoy. Pendapatan non-bunga terus ditingkatkan dengan menjalin kerja sama dengan sejumlah pihak termasuk korporasi yang butuh layanan perbankan. Per 9M16, pendapatan non bunga naik 6% yoy. (Investor Daily) BMRI: Hold; 10.6x PE17E dan 1.4x PBV 17E.
CPO: Produsen CPO Memburu Pasar Baru
Perkiraan produksi CPO tahun 2017 diprediksi mencapai 33 juta ton. Adapun ekspor diproyeksi bisa menembus 25 juta ton.
Optimisme kenaikan ekspor CPO di 2017 juga didorong dengan tumbuhnya sejumlah pasar ekspor baru yang menjadi alternative pasar ekspor yang selama ini sudah digarap.
Pertama, Eropa Timur yang meliputi Rusia dan Ukraina. kawasan Eropa Timur juga mulai menjadikan CPO sebagai produk minyak nabati yang kompetitif.
Kedua, kawasan mediterania dan Timur Tengah, seperti Turki dan Iran. Turki tengah berupaya menjadi hub atau pintu masuk perdagangan CPO ke seluruh kawasan tersebut serta industri makanan berkembang sangat pesat. Sedangkan Iran disebut-sebut mulai memiliki ketertarikan terhadap minyak sawit sehingga kedepan berpotensi menjadi importir tetap CPO dari Indonesia.
Ketiga, kawasan Asia Selatan, Pakistan. Pakistan akan segera meneken perjanjian kerjasama perdagangan dengan China yakni China Pakistan Economic Corridor (CPEC) berpotensi mengerek permintaan CPO Pakistan terhadap Indonesia di 2017. (Kontan). Plantation: Overweight.
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Ticker Rec. JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons TP SSI Upside
(%) (Rp) (%) (%) (%) (%) (Rp) (Rp) (%) 16E 17E 16E 17E 16E 17E 16E 17E
Banks
BMRI HOLD 4.2 10150 0.0 (5.14) (10.8) 9.7 11063 10300 1.5 13.6 10.6 1.5 1.4 11.3% 13.1% n/a n/a BBCA BUY 6.4 14375 (1.0) (2.38) (7.9) 8.1 16299 17100 19.0 18.2 15.3 3.2 2.7 17.6% 17.9% n/a n/a BBRI BUY 4.6 10475 (4.1) (8.52) (14.1) (8.3) 13262 13700 30.8 10.0 8.5 1.8 1.5 17.9% 18.1% n/a n/a BBNI BUY 1.7 5075 1.0 (2.40) (8.1) 1.7 6376 6300 24.1 8.9 7.3 1.1 1.0 12.2% 13.4% n/a n/a BBTN BUY 0.3 1600 (2.1) (3.32) (16.7) 23.6 2188 2300 43.8 7.2 6.1 0.9 0.8 12.4% 13.1% n/a n/a
Average 11.6 9.6 1.7 1.5 14.3% 15.1% n/a n/a
Consumer (Staples) ICBP BUY 1.8 8350 0.9 (4.84) (12.3) 23.9 10369 10300 23.4 26.2 23.5 5.5 4.9 21.0% 20.8% 19.5 16.6 INDF BUY 1.2 7325 (1.3) (6.09) (14.1) 41.5 9995 9900 35.2 16.3 13.8 2.1 2.0 13.2% 14.2% 9.0 8.0 KLBF HOLD 1.2 1400 (0.7) (4.11) (19.1) 6.1 1749 1700 21.4 29.2 25.9 5.6 4.9 19.1% 19.0% 20.0 16.8 ROTI BUY 0.1 1455 (1.7) (6.13) (11.8) 15.0 1729 2000 37.5 27.5 20.5 5.2 4.3 18.9% 21.1% 12.9 11.4 ULTJ BUY 0.2 4600 0.0 1.77 0.7 16.6 5658 5300 15.2 21.1 17.3 3.9 3.3 18.7% 18.9% 13.3 11.4 UNVR HOLD 5.5 40100 (0.2) 0.25 (9.9) 8.4 44784 45200 12.7 47.9 42.8 57.0 49.9 118.9% 116.6% 33.4 30.6 SIDO BUY 0.1 545 (0.9) - (5.2) (0.9) 655 730 33.9 17.0 15.1 3.0 2.9 17.7% 18.9% 7.7 6.2 AISA BUY 0.1 1870 (1.8) (6.27) (13.8) 54.5 2410 2240 19.8 15.0 11.5 1.6 1.4 10.7% 12.2% 13.7 12.4 Average 26.4 22.7 11.8 10.3 32.5% 32.8% 16.5 14.4 Cigarette HMSP HOLD 8.1 3870 (1.0) 2.38 (3.0) 2.9 4276 4390 13.4 38.0 34.0 12.6 11.5 33.3% 33.8% 27.2 24.6 GGRM BUY 2.2 62775 0.6 (0.36) (4.9) 14.1 76631 77150 22.9 18.5 17.8 2.8 2.5 15.2% 14.1% 12.1 11.1 Average 28.2 25.9 7.7 7.0 24.2% 24.0% 19.6 17.9 Healthcare MIKA HOLD 0.7 2580 (1.9) (5.15) (6.5) 7.5 3142 2950 14.3 56.4 49.5 10.4 9.5 18.5% 19.1% 30.3 27.3 SILO BUY 0.2 10400 0.5 1.46 1.7 6.1 11872 12500 20.2 138.7 109.3 5.6 5.1 4.1% 4.7% 18.1 14.8 Average 97.5 79.4 8.0 7.3 11.3% 11.9% 24.2 21.0 Retail MAPI HOLD 0.1 4870 1.7 1.25 (11.5) 28.3 5531 5500 12.9 43.1 25.4 2.5 2.3 5.8% 9.0% 8.4 6.7 RALS BUY 0.1 1145 (3.0) (4.98) (11.9) 77.5 1458 1570 37.1 20.8 17.6 2.3 2.1 11.0% 12.1% 16.6 15.6 ACES BUY 0.3 845 1.2 1.20 (2.3) 2.4 973 960 13.6 23.5 21.7 4.7 4.0 20.0% 18.7% 16.2 14.3 LPPF BUY 0.8 14250 1.1 (3.06) (21.3) (19.0) 20712 23150 62.5 17.3 14.9 19.1 12.3 110.6% 82.3% 12.9 11.5 Average 26.2 19.9 7.1 5.2 36.8% 30.5% 13.5 12.0 Telco EXCL BUY 0.4 2040 (4.7) (9.33) (10.9) (43.3) 3171 4550 123.0 255.0 26.2 1.0 1.0 0.4% 3.7% 4.9 4.3 ISAT HOLD 0.6 6200 0.8 (0.40) (3.9) 12.7 7673 6600 6.5 38.0 16.8 2.5 2.2 6.5% 13.2% 4.1 3.6 TLKM BUY 7.0 3840 0.3 (2.29) (9.2) 24.2 4739 5000 30.2 19.6 16.0 4.4 3.8 22.3% 24.0% 7.5 6.9 Average 104.2 19.7 2.6 2.3 9.8% 13.7% 5.5 4.9 Auto and HE ASII BUY 5.7 7825 2.6 (0.95) (4.3) 30.4 8686 9000 15.0 17.2 14.2 2.9 2.4 16.7% 17.2% 14.5 14.0 UNTR BUY 1.5 21500 (1.8) 3.49 1.9 26.8 23806 25050 16.5 18.5 15.6 2.0 1.9 10.7% 11.9% 5.2 4.5 Average 17.9 14.9 2.4 2.1 13.7% 14.6% 9.9 9.3 Aviation GIAA HOLD 0.2 346 2.4 2.98 (8.0) 12.0 398 445 28.6 26.2 13.1 0.6 0.6 2.1% 4.7% 3.5 3.4 Property BSDE HOLD 0.6 1680 (2.6) (6.15) (22.6) (6.7) 2428 2350 39.9 13.1 10.7 1.5 1.3 11.1% 11.8% 9.8 8.5 PWON HOLD 0.6 695 0.0 0.72 (4.1) 40.1 761 710 2.2 24.9 23.1 4.2 3.7 16.8% 15.8% 10.0 8.7 KPIG BUY 0.1 1100 (1.8) (10.57) (22.0) (22.0) n/a 1810 64.5 25.6 21.6 0.9 0.9 3.5% 4.1% n/a n/a ASRI HOLD 0.1 364 (0.5) (5.21) (17.6) 6.1 469 438 20.3 11.4 10.5 1.0 0.9 9.0% 8.9% 5.8 5.0 SMRA HOLD 0.4 1360 (0.7) 1.12 (19.8) (17.6) 1786 1750 28.7 29.9 28.1 2.5 2.4 8.5% 8.4% 9.3 8.4 Average 19.8 18.1 2.3 2.1 11.4% 11.3% 8.7 7.6 Construction PTPP BUY 0.3 3900 (1.5) (0.26) (4.9) 0.6 5413 5100 30.8 23.9 20.5 3.3 3.0 13.9% 14.4% 10.0 8.8 ADHI BUY 0.1 1830 (4.7) (7.81) (16.8) (14.5) 2786 2750 50.3 13.8 11.4 1.2 1.1 8.9% 9.5% 5.0 4.4 WSKT BUY 0.6 2270 (3.4) (1.30) (13.4) 35.9 3313 3250 43.2 17.7 14.4 1.6 1.4 9.2% 9.9% 19.6 16.7 WIKA BUY 0.4 2330 (4.5) (0.43) (4.7) (4.7) 3172 3000 28.8 20.3 17.2 2.3 2.0 11.2% 11.4% 12.2 10.5 Average 18.9 15.9 2.1 1.9 10.8% 11.3% 11.7 10.1 Cement INTP HOLD 1.0 15350 5.0 2.68 (6.8) (31.2) 16809 18000 17.3 13.7 13.4 2.1 1.9 15.6% 14.4% 7.1 6.0 SMGR HOLD 0.9 8675 5.8 2.36 (13.0) (23.9) 10778 10000 15.3 13.1 12.6 1.8 1.6 13.8% 13.0% 5.2 4.3 SMCB SELL 0.1 920 4.0 3.95 (3.7) (7.5) 928 920 0.0 30.1 19.5 0.8 0.8 2.6% 3.9% 10.0 8.2 Average 19.0 15.2 1.6 1.4 10.7% 10.4% 7.5 6.2 Precast
WSBP BUY 0.3 555 (1.8) (1.77) n/a n/a 706 690 24.3 27.4 21.8 2.3 2.1 8.4% 9.6% 22.1 17.4 WTON BUY 0.1 805 (0.6) (1.23) (11.0) (2.4) 1113 1150 42.9 25.0 19.0 2.6 2.1 10.2% 10.9% 18.4 14.4
Average 26.2 20.4 2.4 2.1 9.3% 10.2% 20.3 15.9
EV/EBITDA (x)
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Ticker Rec. JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons TP SSI Upside
(%) (Rp) (%) (%) (%) (%) (Rp) (Rp) (%) 16E 17E 16E 17E 16E 17E 16E 17E
Utility
PGAS BUY 1.1 2620 0.4 9.17 1.2 (4.6) 2991 3375 28.8 0.0 0.0 0.0 0.0 12.3% 13.5% 7.3 6.4 JSMR BUY 0.5 3910 (3.2) (7.13) (14.2) (25.0) 5989 6500 66.2 14.9 14.8 2.3 2.1 15.3% 13.9% 9.5 9.2
Average 7.5 7.4 1.1 1.0 13.8% 13.7% 8.4 7.8
Coal and Metal
ANTM BUY 0.4 985 2.1 10.67 13.9 213.7 816 840 -14.7 492.5 140.7 1.3 1.3 0.3% 0.9% 39.2 31.2 INCO HOLD 0.6 3500 3.9 12.90 33.1 114.1 2401 2800 -20.0 265.2 37.9 1.5 1.4 0.6% 3.7% 17.6 11.4 TINS HOLD 0.2 1245 0.8 12.16 40.7 146.5 848 850 -31.7 124.5 59.3 1.8 1.7 1.4% 2.9% 9.3 8.1 ITMG BUY 0.3 15800 (4.0) 7.48 9.0 176.0 17759 19000 20.3 15.0 5.4 1.5 1.2 9.9% 22.4% 5.8 6.4 ADRO BUY 1.0 1680 2.4 9.80 6.3 226.2 1818 2100 25.0 15.0 12.5 1.1 1.1 7.6% 8.6% 9.8 8.6 PTBA BUY 0.5 11550 (2.1) 3.82 (4.0) 155.2 14337 15000 29.9 19.3 11.9 2.7 2.4 14.1% 19.9% 14.6 9.0 Average 155.2 44.6 1.6 1.5 5.6% 9.7% 16.0 12.5 Plantation AALI BUY 0.6 16850 1.4 11.04 8.5 11.6 17766 17000 0.9 19.5 18.5 2.1 2.0 10.7% 10.7% 14.6 13.2 LSIP BUY 0.2 1775 1.7 10.94 17.9 34.5 1706 1830 3.1 25.0 16.0 1.6 1.5 6.3% 9.1% 7.4 6.1 SIMP BUY 0.1 510 0.0 2.82 2.0 53.6 530 600 17.6 18.2 11.6 0.6 0.6 3.1% 4.9% 6.0 5.6 Average 20.9 15.4 1.4 1.3 6.7% 8.2% 9.3 8.3 Poultry CPIN BUY 1.0 3320 1.5 0.91 (10.3) 27.7 3904 4800 44.6 15.7 14.0 2.0 1.8 13.0% 12.8% 12.9 11.7 JPFA BUY 0.3 1585 (5.7) (9.17) (18.7) 149.6 2309 2240 41.3 9.5 8.7 2.0 1.6 20.7% 18.7% 8.6 11.3 MAIN BUY 0.1 1300 0.4 (1.89) (26.1) (14.8) 2108 2280 75.4 7.6 7.0 1.2 1.1 16.3% 15.6% 10.6 8.7 Average 10.9 9.9 1.8 1.5 16.7% 15.7% 10.7 10.6 Other Sectors AKRA HOLD 0.5 6450.0 -3.0 -6.9 -4.4 -10.1 7350.0 6900 7.0 23.1 20.6 3.8 3.3 16.2% 16.3% 15.1 12.2 Source: SSI Research, Bloomberg
Note: GIAA, PGAS, ITMG, ADRO, INCO report in USD.
EV/EBITDA (x)
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Points 1D 3D 1W 1M 3M YTD 1YR High Low
World (7.86) 1,713 (0.46) (0.02) (0.01) 1.30 (0.73) 3.02 0.75 1,750 1,460 U.S. (S&P) (11.63) 2,202 (0.53) (0.06) 0.91 3.54 0.98 7.72 5.34 2,213 1,810 U.S. (DOW) (54.24) 19,098 (0.28) 0.39 1.22 5.16 3.22 9.60 7.30 19,152 15,451 Europe (31.58) 3,017 (1.04) (0.51) (0.53) (2.03) 0.61 (7.67) (13.53) 3,524 2,673 Emerging Market 7.39 863 0.86 0.85 1.86 (4.46) (3.66) 8.69 4.45 930 687 FTSE 100 (41.28) 6,799 (0.60) (0.27) 0.32 (2.81) (0.56) 8.93 n/a 7,130 5,500 CAC 40 (39.88) 4,510 (0.88) (0.42) (0.42) (0.84) 1.95 (2.73) (8.51) 4,976 3,892 Dax (116.60) 10,583 (1.09) (0.75) (0.96) (1.06) 0.36 (1.49) (6.30) 11,431 8,699 Indonesia (7.53) 5,115 (0.15) (1.87) (0.66) (5.47) (4.77) 11.36 12.15 5,492 4,331 Japan (70.87) 18,286 (0.39) (0.26) 0.99 4.81 9.25 (3.93) (8.04) 20,012 14,864 Australia 2.80 5,467 0.05 (0.33) 1.00 3.47 (0.04) 3.23 5.09 5,611 4,707 Korea 1.00 1,979 0.05 0.40 (0.22) (2.00) (2.62) 0.91 (2.46) 2,074 1,818 Singapore 15.32 2,875 0.54 1.23 2.06 2.07 1.60 (0.28) 0.54 2,964 2,528 Malaysia 1.40 1,629 0.09 (0.11) 0.08 (2.49) (3.15) (3.77) (3.21) 1,729 1,601 Hong Kong 107.12 22,831 0.47 0.68 2.11 (0.54) 0.04 4.18 3.45 24,364 18,279 China 15.06 3,277 0.46 1.11 1.83 5.56 6.74 (7.41) (4.64) 3,685 2,638 Taiwan 63.17 9,222 0.69 0.48 2.00 (0.91) 1.23 10.60 9.81 9,400 7,628 Thailand 0.38 1,501 0.03 0.30 1.52 0.42 (2.81) 16.52 10.10 1,558 1,221 Philipines (64.38) 6,825 (0.93) (0.16) (2.20) (7.82) (13.00) (1.82) (1.47) 8,118 6,084
Monetary Indicators 1D Change
Points 1W 1M 3M YTD 1YR High Low
JIBOR Overnight (%) 0.00 4.20 0.00 1.12 (1.79) (44.68) (28.21) 8.26 4.20 Foreign Reserve (US$bn) n/a 115.04 n/a (0.55) 3.26 8.60 14.22 115.67 100.24 Inflation Rate (%) n/a 0.14 n/a (36.36) (79.71) (85.42) 275.00 0.96 (0.45)
US Fed Rate (%) 0.00 0.50 0.00 0.00 0.00 0.00 100.00 0.50 0.25 Indo Govt Bond Yld (10yr) - % (0.00) 8.26 4.09 13.30 15.76 (5.59) (4.21) 9.11 6.77
Exchange Rate (per US$) 1D Change
Currency Points 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia 20.00 13535 (0.15) (0.38) (0.83) (3.58) 1.87 1.87 2.26 14,095 12,920 Japan (0.03) 111.91 0.03 1.27 (0.69) (6.34) 7.43 7.43 10.01 123.67 99.02
UK 0.00 1.24 0.00 (0.28) (0.06) 1.42 (15.74) (15.74) (17.53) 1.52 1.18
Euro 0.00 1.06 0.02 0.59 (0.10) (3.32) (2.26) (2.26) 0.48 1.16 1.05 China (0.00) 6.92 0.06 0.05 (0.33) (1.97) (6.10) (6.10) (7.47) 6.92 6.39
Commodities Indicators 1D Change
Spot Points 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (0.26) 46.82 (0.55) (2.38) (1.41) (3.86) (0.34) 26.40 12.25 51.93 26.05 CPO 45.00 3,077.00 1.48 4.16 5.41 10.37 20.57 23.82 30.27 3,098.00 2,172.00 Rubber 2.50 836.00 0.30 0.30 2.58 15.55 29.81 54.96 39.57 841.50 506.50 Coal (0.25) 92.25 (0.27) (0.11) 5.43 (11.30) 37.79 82.31 71.79 112.25 51.75 Iron Ore 1.34 80.09 1.70 7.66 9.67 30.80 35.52 84.54 81.20 80.09 37.50 Tin 140.00 21,255.00 0.66 (1.05) 0.83 1.99 12.46 45.67 41.40 21,945.00 13,223.80 Nickel 70.00 11,630.00 0.61 0.26 2.02 11.51 18.55 31.86 32.54 12,145.00 7,550.00 Copper 2.00 5,881.00 0.03 2.46 5.79 21.43 27.43 24.99 28.60 6,045.50 4,318.00 Gold 2.70 1,193.50 0.23 0.35 (1.35) (6.43) (9.76) 12.56 13.00 1,377.50 1,045.70 Source: SSI Research, Bloomberg
Last Price
Last Price Change (%) 1 Year
Change (%) 1 Year
Last Price Change (%) 1 Year
Change (%) 1 Year
www.samuel.co.id Page 7 of 7 Research Team
Andy Ferdinand, CFA Head Of Equity Research,Strategy, Banking, Consumer
[email protected] +6221 2854 8148
Rangga Cipta Economist [email protected] +6221 2854 8396
Muhamad Makky Dandytra, CFTe Technical Analyst [email protected] +6221 2854 8382
Akhmad Nurcahyadi, CSA Auto, Aviation, Cigarette, Construction Healthcare, Heavy Equipment, Property
[email protected] +6221 2854 8144
Arandi Ariantara Cement, Telecommunication, Utility [email protected] +6221 2854 8392
Marlene Tanumihardja Poultry, Retail, Small Caps [email protected] +6221 2854 8387
Sharlita Lutfiah Malik Mining, Plantation [email protected] +6221 2854 8339
Adde Chandra Kurniawan Research Associate [email protected] +6221 2854 8338
Private Wealth Management
Evelyn Satyono Head of PWM /
Head of Institutional Marketing
[email protected] +6221 2854 8380 Muhamad Alfatih CSA, CTA, CFTe Senior Technical Portfolio Advisor [email protected] +6221 2854 8129
Ronny Ardianto Institutional Equity Sales [email protected] +6221 2854 8399
Clarice Wijana Institutional Equity Sales [email protected] +6221 2854 8395
Wahyudi Budiono Dealer [email protected] +6221 2854 8152
Equity Sales Team
Kelvin Siwah Long Head of Equities [email protected] +6221 2854 8150
Yulianah Institutional Equity Sales [email protected] +6221 2854 8146
Indra S. Affandi Institutional Equity Sales [email protected] +6221 2854 8334
Lucia Irawati Head of Retail Equity Sales [email protected] +6221 2854 8173
Ferry Khusaeri Equity Sales [email protected] +6221 2854 8304
Iwan Setiadi Equity Sales [email protected] +6221 2854 8313
Lia Chaterina Equity Sales [email protected] +6221 2854 8315
Amelia Sintama Equity Sales [email protected] +6221 2854 8308
Salt World Widjaja Equity Sales [email protected] +6221 2854 8163
Jovita Widjaja Equity Sales [email protected] +6221 2854 8314
James Wihardja Equity Sales [email protected] +6221 2854 8397
Joseph Soegandhi Equity Sales [email protected] +6221 2854 8872
Dian Anggraeni Equity Sales [email protected] +6221 2854 8301
Sylviawati Equity Sales [email protected] +6221 2854 8112
Verawati Gunawan Equity Sales [email protected] +6221 2854 8312
Cenni Liawisusi Equity Sales [email protected] +6221 2854 8303
Frans Ferdiansah Equity Sales [email protected] +6221 2854 8337
Muhamad Faisyal Dealer [email protected] +6221 2854 8155
Wulan Budi Setyowati Dealer [email protected] +6221 2854 8369
Bismar Ferryaman Dealer [email protected] +6221 2854 8368
Online Trading Sales Team
Nugroho Nuswantoro Head Of Marketing OLT [email protected] +6221 2854 8372
Wahyu Widodo Marketing [email protected] +6221 2854 8371
Rina Lestari Customer Service [email protected] +6221 2854 8180
Martha Lamtiurma Tampubolon Customer Service [email protected] +6221 2854 8182
Mohamad Andhika Prasetia Customer Service [email protected] +6221 2854 8183
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