: 5,312.0
: +1.3 0.02%
: 12,590 Mn shrs : 6,828 Bn rupiah Last
Close +/- %
BBRI 3,660 50 1.4
EMTK 6,225 1025 19.7
TLKM 2,950 50 1.7
ADRO 1,215 75 6.6
BBCA 32,175 -425 -1.3
TPIA 6,975 -200 -2.8
UNVR 8,150 -75 -0.9
BRPT 830 -25 -2.9
Foreign Net Buy / Sell (Regular Market) Net Buy (Rpbn) Net Sell (Rpbn)
BMRI 70 BBCA 156
BBRI 28 BBNI 78
WOOD 51 UNVR 56
ZINC 11 MDKA 53
MEDC 9 BUMI 47 Money Market
Last
Close +/- %
USD/IDR 14,745 172.0 -1.2
JIBOR O/N 5.9 0.0
Dual Listing Securities Last
Close +/- %
TLKM 19.8 0.1 0.7
EIDO 19.6 0.0 0.2
Global Indices Last
Close +/- %
DJIA 29,101 455 1.6
S&P 500 3,581 54 1.5
Euro Stoxx 3,338 60 1.8
MSCI World 2,494 27 1.1
STI 2,540 1 0.1
Nikkei 23,563 316 1.4
Hang Seng 25,120 -65 -0.3
Commodities Last
Close +/- %
Brent Oil 45 0.1 0.3
CPO Malay 2,781 23.0 0.8
Coal (ICE) 52 -0.9 -1.7
Nickel 15,690 167.3 1.1
Tin 18,364 157.9 0.9
Market Value Market Activity Wednesday, 02 Sep 2020 Market Index
Index Movement Market Volume
Changes Changes
Leading Movers
Lagging Movers
Changes
Changes
Changes
DAILY RESEARCH
Market
Regional menguat, IHSG berpotensi melanjutkan kenaikan
Investor wait and see terhadap Trade Balance AS yang akan dirilis hari ini dengan perkiraan consensus defisit sebesar USD 58 miliar atau melebar dibandingkan periode Jun-20 yang defisit USD 50.7 miliar. Selain itu, data Initial Jobless Claims per 29 Aug-20 juga diproyeksi consensus turun menjadi 950 ribu dibandingkan periode sebelumnya yang sebesar 1 juta. DJIA +1.59% ke level 29,100; S&P500 +1.54%; dan Nasdaq +0.98%. Harga minyak WTI berada pada level USD 41.8 dengan Brent USD 44.6 dan emas USD 1,950.
Indeks EIDO +0.15% dan IHSG Rabu ditutup +0.02% menjadi 5,312 dengan penopang saham BBRI, EMTK dan TKLM. Net sell asing pada pasar regular mencapai IDR 612 miliar. Saham dengan nilai net sell asing tertinggi di pasar reguler dicetak oleh oleh BBCA (IDR 156.7 miliar), BBNI (IDR 78.8 miliar), dan UNVR (IDR 56.2 miliar) sementara net buy dicatatkan oleh BMRI (IDR 70.9 miliar), BBRI (IDR 28.1 miliar), dan WOOD (IDR 13 miliar).
Kami menilai, penurunan dalam IHSG yang terjadi pada awal minggu telah cukup dikompensasi oleh investor dari sehingga akumulasi yang dilakukan berpotensi kembali mendorong IHSG untuk menguat. Selain itu, positifnya pasar regional serta ekspektasi kenaikan harga komoditas terutama emas dapat menjadi pendorong penguatan emiten pertambangan pada hari ini.
BBNI : Royke Tumilaar ditunjuk menjadi dirut BBNI yang baru
JSMR : Tarif Tol Kembali Naik, Investor Merasa Aman
Highlights
3 September 2020
Equity Research│3 September 2020
BBNI: Royke Tumilaar ditunjuk menjadi dirut BBNI yang baru
Royke Tumilaar diangkat menjadi direktur utama BBNI yang baru dalam RUPSLB, menggantikan Herry Sidharta. Royke Tumilaar sebelumnya merupakan direktur utama BMRI menggantikan Kartika Wirjoatmodjo yang saat itu ditunjuk Presiden Jokowi sebagai wakil menteri BUMN. (Investor Daily)
Comment:
Salah satu direksi BMRI, Silvano Rumantir juga turut dipindahkan ke BBNI. Selain itu 1 SEVP dan SVP BMRI turut pindah dan ditunjuk menjadi direksi BBNI. BMRI baru akan menunjuk direktur utama yang baru dalam RUPSLB akhir Oktober 2020. Untuk sementara, Hery Gunardi yang merupakan wakil direktur utama akan menjadi pelaksana tugas (plt) dirut BMRI. BBNI: BUY: 12,6x PE ‘22E, 0,8x PBV
‘22E, TP: IDR 6,000
JSMR: Tarif Tol Kembali Naik, Investor Merasa Aman
PT Jasa Marga (JSMR) Tbk akan memberlakukan kenaikan tariff di ruas jalan tol Cikampek-Purwakarta- Padalarang (Cipularang) dan ruas jalan tol Padalarang-Cileunyi (Padaleunyi). Tarif baru di kedua ruas itu berlaku mulai Sabtu 5 September 2020. Sekretaris Jenderal Asosiasi Tol Indonesia (ATI) Krist Ade Sudioyono menyatakan tarif tol memang harus berubah, sesuai angka inflasi setiap dua tahun. (Kontan)
Comment:
Kenaikan tariff tol merupakan katalis positif bagi JSMR, terutama disaat trafik yang turun saat ini
akibat terimbas pandemi. Tarif tol pada kedua ruas rata-rata naik sekitar 10%, kecuali untuk gol III
dan V ruas Cipularang yaitu untuk kendaraan logistic truk mengalami penurunan tarif. Ruas
Cipularang dan Padaleunyi merupakan salah satu ruas utama yang menyumbang sekitar 12-15% dari
total pendapatan JSMR. JSMR: BUY: 15,6x PE ‘22E, 1,1x PBV ‘22E, TP: IDR 4,700
Equity Research│3 September 2020
JCI Wgt Last price YTD Chg TP SSI TP Cons SSI Upside PE PE PBV PBV ROE ROE
(%) (Rp) (%) (Rp) (Rp) (%) 20E 21E 20E 21E 20E 21E
Banks
BMRI BUY 4.7 6,075 (20.8) 7,700 6,650 26.7 9.9 9.9 1.3 1.1 12.7% 11.6%
BBCA HOLD 13.3 32,175 (3.7) 32,000 32,979 -0.5 32.8 25.8 4.5 4.1 13.7% 15.8%
BBRI HOLD 7.5 3,660 (16.8) 3,500 3,799 -4.4 17.7 12.5 2.3 2.1 13.2% 16.8%
BBNI BUY 1.6 5,225 (33.4) 6,000 5,616 14.8 12.6 6.2 0.8 0.7 5.4% 10.0%
BBTN HOLD 0.3 1,585 (25.2) 1,500 1,465 -5.4 5.5 5.1 0.6 0.5 10.9% 10.6%
BNLI HOLD 0.6 1,320 4.3 1,376 1,349 4.2 24.4 22.8 1.5 1.4 6.1% 6.1%
Average 17.1 13.7 1.8 1.7 10.3% 11.8%
Consumer (Staples)
ICBP HOLD 2.0 10,200 (8.5) 9,300 11,666 -8.8 20.7 18.5 4.1 3.5 19.6% 19.1%
INDF BUY 1.1 7,750 (2.2) 9,500 8,450 22.6 13.8 12.6 1.8 1.7 12.9% 13.2%
KLBF HOLD 1.3 1,600 (1.2) 1,750 1,727 9.4 25.4 24.2 4.3 3.9 16.8% 16.1%
UNVR BUY 5.3 8,150 (3.0) 9,800 8,959 20.2 38.8 38.4 48.1 47.4 123.7% 123.4%
Average 24.7 23.5 14.5 14.1 43.3% 42.9%
Cigarette
HMSP HOLD 3.3 1,670 (20.5) 1,520 1,808 -9.0 19.4 19.2 6.0 5.9 30.9% 30.9%
GGRM BUY 1.5 47,500 (10.4) 71,700 57,211 50.9 15.3 12.0 1.7 1.6 11.2% 13.4%
Average 17.3 15.6 3.9 3.8 21.1% 22.1%
Healthcare
MIKA BUY 0.6 2,370 (11.2) 2,900 2,526 22.4 45.6 43.9 7.7 3.8 17.0% 8.6%
SILO BUY 0.1 4,310 (38.0) 9,000 5,844 108.8 35.6 25.4 1.1 1.0 3.0% 4.0%
HEAL BUY 0.2 3,150 (12.0) 5,000 4,206 58.7 38.4 29.4 4.0 3.5 10.3% 12.0%
Average 39.9 32.9 4.3 2.8 10.1% 8.2%
Poultry
CPIN HOLD 1.7 6,150 (5.4) 5,800 5,554 -5.7 25.3 22.2 4.2 3.7 16.5% 16.7%
JPFA BUY 0.2 1,195 (22.1) 1,500 1,296 25.5 6.4 5.9 1.1 1.0 17.0% 16.2%
MAIN BUY 0.0 620 (38.3) 700 634 12.9 4.2 3.8 0.6 0.5 14.1% 14.0%
Average 12.0 10.6 2.0 1.7 15.9% 15.6%
Retail
MAPI BUY 0.2 695 (34.1) 1,350 843 94.2 9.8 8.7 1.5 1.3 15.4% 14.8%
RALS BUY 0.1 660 (38.0) 1,400 670 112.1 5.7 5.2 1.0 0.9 17.3% 17.3%
ACES BUY 0.5 1,625 8.7 1,900 1,715 16.9 23.9 21.4 5.1 4.4 21.2% 20.7%
Average 13.1 11.8 2.5 2.2 18.0% 17.6%
Pulp and Paper
INKP SELL 0.8 9,200 19.5 7,175 11,000 -22.0 6.7 6.4 0.7 0.7 11.0% 10.7%
Average 6.7 6.4 0.7 0.7 11.0%
Media
MNCN BUY 0.2 870 (46.6) 1,390 1,296 59.8 4.7 4.2 0.8 0.7 17.5% 17.3%
SCMA BUY 0.3 1,210 (14.2) 1,550 1,472 28.1 10.4 10.4 2.8 2.5 26.4% 23.8%
Average 7.6 7.3 1.8 1.6 22.0% 20.5%
Telco
EXCL BUY 0.4 2,410 (23.5) 3,500 3,434 45.2 25.1 23.2 1.3 1.2 5.1% 5.4%
ISAT BUY 0.2 2,330 (19.9) 2,800 3,114 20.2 n/a n/a 1.1 1.1 -9.7% -2.2%
TLKM BUY 4.9 2,950 (24.7) 4,300 3,917 45.8 14.3 13.1 2.4 2.3 16.9% 17.5%
Average 19.7 18.1 1.6 1.5 4.1% 6.9%
Telco Retail
TELE N/A 0.0 N/A N/A 250 N/A N/A N/A N/A N/A N/A 9.1% 8.4%
ERAA HOLD 0.1 1,690 (5.8) 1,625 1,758 -3.8 9.0 7.3 1.0 0.9 11.0% 11.9%
Average 9.0 7.3 1.0 0.9 10.1% 10.1%
Stock Rec.
Equity Research│3 September 2020
JCI Wgt Last price YTD Chg TP SSI TP Cons SSI Upside PE PE PBV PBV ROE ROE
(%) (Rp) (%) (Rp) (Rp) (%) 20E 21E 20E 21E 20E 21E
Auto
ASII BUY 3.6 5,300 (23.5) 7,500 5,667 41.5 9.9 9.0 1.1 1.0 10.8% 10.9%
Average 9.9 9.0 1.1 1.0 10.8%
Mining Contracting
UNTR HOLD 1.5 23,350 8.5 22,300 24,303 -4.5 7.3 5.5 1.6 1.1 22.1% 19.7%
Average 7.3 5.5 1.6 1.1 22.1%
Aviation
GIAA BUY 0.1 254 (49.0) 650 316 155.9 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 HOLD 0.3 780 (37.8) 820 995 5.1 11.6 11.1 0.4 0.4 3.7% 3.6%
PWON BUY 0.3 410 (28.1) 650 532 58.5 6.7 6.2 1.1 1.0 16.5% 15.4%
ASRI BUY 0.0 126 (47.1) 360 137 185.7 3.2 3.8 0.2 0.2 7.1% 5.5%
LPKR BUY 0.2 152 (37.2) 380 201 150.0 13.8 11.7 0.4 0.3 2.5% 2.9%
SMRA BUY 0.2 660 (34.3) 1,500 731 127.3 15.0 12.0 1.2 1.1 8.0% 9.2%
CTRA SELL 0.2 750 (27.9) 650 868 -13.3 15.6 15.0 0.9 0.8 5.5% 5.5%
Average 11.0 10.0 0.7 0.6 7.2% 7.0%
Industrial Estate
SSIA BUY 0.0 400 (38.9) 550 419 37.5 44.4 22.2 0.5 0.4 1.0% 2.0%
DMAS BUY 0.2 226 (23.6) 250 245 10.6 6.8 6.5 1.4 1.4 21.0% 21.9%
KIJA HOLD 0.1 144 (50.7) 150 150 4.2 13.1 11.1 0.5 0.4 4.0% 3.4%
Average 21.5 13.3 0.8 0.7 8.7% 7.7%
Construction
PTPP BUY 0.1 985 (37.9) 2,100 1,148 113.2 4.5 4.2 0.3 0.3 6.5% 7.3%
ADHI BUY 0.0 610 (48.1) 1,800 775 195.1 2.9 2.7 0.3 0.3 10.0% 10.0%
WSKT BUY 0.1 645 (56.6) 1,750 759 171.3 2.8 2.6 0.3 0.2 9.0% 8.7%
WIKA BUY 0.2 1,250 (37.2) 1,600 1,525 28.0 13.0 8.5 0.6 0.6 5.0% 7.1%
Average 5.8 4.5 0.4 0.4 7.6% 8.3%
Cement
INTP HOLD 0.8 12,300 (35.3) 12,200 14,369 -0.8 34.2 28.4 2.0 2.0 5.8% 6.9%
SMGR HOLD 1.1 10,700 (10.8) 10,800 11,455 0.9 47.8 28.3 1.8 1.7 3.8% 6.1%
Average 41.0 28.4 1.9 1.9 4.8% 6.5%
Precast
WSBP BUY 0.1 167 (45.1) 410 272 145.5 3.8 3.3 0.5 0.4 12.1% 12.7%
WTON BUY 0.0 272 (39.6) 340 451 25.0 3.8 3.3 0.6 0.5 15.6% 16.0%
Average 3.8 3.3 0.5 0.5 13.8% 14.3%
Oil and Gas
PGAS SELL 0.5 1,330 (38.7) 700 1,329 -47.4 22.5 16.8 0.8 0.8 3.6% 4.6%
AKRA BUY 0.2 2,960 (25.1) 3,800 3,457 28.4 15.3 13.4 1.4 1.3 9.1% 10.0%
MEDC BUY 0.2 575 (33.5) 950 624 65.2 10.1 4.5 0.6 0.5 5.9% 12.1%
Average 16.0 11.6 0.9 0.9 6.2% 8.9%
Chemical
TPIA HOLD 2.1 6,975 (32.8) 7,575 5,383 8.6 57.2 57.2 4.9 4.9 8.6% 8.6%
BRPT BUY 1.3 830 (45.0) 1,075 680 29.5 6.2 6.2 0.4 0.4 6.2% 6.2%
ESSA BUY 0.0 158 (41.0) 280 N/A 77.2 4.6 4.6 0.4 0.4 9.6% 9.6%
Average 22.7 22.7 1.9 1.9 8.2% 8.1%
Utilities
JSMR BUY 0.5 3,910 (24.4) 4,700 5,033 20.2 48.9 15.6 1.2 1.1 2.4% 6.9%
Average 48.9 15.6 1.2 1.1 2.4%
Metal
ANTM SELL 0.3 850 1.2 670 807 -21.2 141.7 94.4 1.2 1.3 0.8% 1.4%
MDKA SELL 0.7 1,780 66.4 1,600 2,041 -10.1 22.8 14.1 5.8 4.5 25.2% 31.9%
INCO HOLD 0.7 3,980 9.3 4,000 3,636 0.5 25.5 21.8 1.5 1.4 6.0% 6.3%
TINS BUY 0.1 825 - 1,775 1,024 115.2 n/a 937.5 1.2 1.4 -4.2% 0.1%
Average 63.3 267.0 2.4 2.1 7.0% 9.9%
Stock Rec.
Equity Research│3 September 2020
JCI Wgt Last price YTD Chg TP SSI TP Cons SSI Upside PE PE PBV PBV ROE ROE
(%) (Rp) (%) (Rp) (Rp) (%) 20E 21E 20E 21E 20E 21E
Coal
ITMG BUY 0.2 8,700 (24.2) 12,070 9,046 38.7 3.3 4.0 1.2 2.3 37.8% 57.3%
ADRO BUY 0.7 1,215 (21.9) 1,600 1,281 31.7 6.3 6.4 0.6 0.6 9.9% 9.3%
PTBA SELL 0.4 2,150 (19.2) 1,870 2,428 -13.0 8.9 13.4 1.4 1.4 15.7% 10.6%
Average 6.2 8.0 1.1 1.4 21.1% 25.7%
Plantation
AALI HOLD 0.4 11,000 (24.5) 11,100 11,861 0.9 32.9 19.4 1.1 1.1 3.4% 5.5%
LSIP HOLD 0.1 1,055 (29.0) 1,145 1,174 8.5 20.3 18.2 0.8 0.8 4.1% 4.4%
TBLA BUY 0.1 835 (16.1) 980 1,021 17.4 5.2 4.9 0.7 0.7 14.3% 14.3%
SIMP HOLD 0.1 368 (14.8) 388 345 5.4 33.5 21.6 0.4 0.4 1.2% 1.8%
SSMS BUY 0.1 870 3.0 1,050 1,100 20.7 16.7 11.9 1.8 1.6 11.0% 13.8%
Average 21.7 15.2 1.0 91.8% 6.8% 8.0%
Source: SSI Research, Bloomberg
Note: GIAA, INKP, PGAS, ITMG, ADRO, MEDC, BRPT, INCO, DOID, TPIA report in USD.
Stock Rec.
Equity Research│3 September 2020
Gold (USD) Oil (USD)
Coal (USD) CPO (MYR)
Pulp (CNY) Nickel (USD)
2-Jan-19 2-Feb-19 2-Mar-19 2-Apr-19 2-May-19 2-Jun-19 2-Jul-19 2-Aug-19 2-Sep-19 2-Oct-19 2-Nov-19 2-Dec-19 2-Jan-20 2-Feb-20 2-Mar-20 2-Apr-20 2-May-20 2-Jun-20 2-Jul-20 2-Aug-20 2-Sep-20
0 10 20 30 40 50 60 70 80
Last Price
2-Jan-19 2-Feb-19 2-Mar-19 2-Apr-19 2-May-19 2-Jun-19 2-Jul-19 2-Aug-19 2-Sep-19 2-Oct-19 2-Nov-19 2-Dec-19 2-Jan-20 2-Feb-20 2-Mar-20 2-Apr-20 2-May-20 2-Jun-20 2-Jul-20 2-Aug-20 2-Sep-20
40 50 60 70 80 90 100 110
Last Price
2-Jan-19 2-Feb-19 2-Mar-19 2-Apr-19 2-May-19 2-Jun-19 2-Jul-19 2-Aug-19 2-Sep-19 2-Oct-19 2-Nov-19 2-Dec-19 2-Jan-20 2-Feb-20 2-Mar-20 2-Apr-20 2-May-20 2-Jun-20 2-Jul-20 2-Aug-20 2-Sep-20
1,500 1,700 1,900 2,100 2,300 2,500 2,700 2,900 3,100 3,300
Last Price
2-Jan-19 2-Feb-19 2-Mar-19 2-Apr-19 2-May-19 2-Jun-19 2-Jul-19 2-Aug-19 2-Sep-19 2-Oct-19 2-Nov-19 2-Dec-19 2-Jan-20 2-Feb-20 2-Mar-20 2-Apr-20 2-May-20 2-Jun-20 2-Jul-20 2-Aug-20 2-Sep-20
4,000 4,200 4,400 4,600 4,800 5,000 5,200 5,400 5,600 5,800
Last Price
2-Jan-19 2-Feb-19 2-Mar-19 2-Apr-19 2-May-19 2-Jun-19 2-Jul-19 2-Aug-19 2-Sep-19 2-Oct-19 2-Nov-19 2-Dec-19 2-Jan-20 2-Feb-20 2-Mar-20 2-Apr-20 2-May-20 2-Jun-20 2-Jul-20 2-Aug-20 2-Sep-20
10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000
Last Price
2-Jan-19 2-Feb-19 2-Mar-19 2-Apr-19 2-May-19 2-Jun-19 2-Jul-19 2-Aug-19 2-Sep-19 2-Oct-19 2-Nov-19 2-Dec-19 2-Jan-20 2-Feb-20 2-Mar-20 2-Apr-20 2-May-20 2-Jun-20 2-Jul-20 2-Aug-20 2-Sep-20
1,000 1,200 1,400 1,600 1,800 2,000 2,200
Last Price
Equity Research│3 September 2020
Chg (Pts)
1D 1D 3D 1W 1M 3M YTD 1YR High Low
World 2,494 26.85 1.09 1.57 2.10 7.32 12.22 5.75 17.26 2,498 1,579
U.S. (S&P) 3,581 54.19 1.54 2.08 2.94 8.69 14.67 10.84 23.21 3,588 2,192
U.S. (DOW) 29,101 454.84 1.59 1.56 2.71 9.14 10.78 1.97 11.42 29,569 18,214
Europe 3,338 60.19 1.84 0.67 (0.57) 2.75 2.09 (10.88) (2.43) 3,867 2,303
Emerging Market 1,119 (1.12) (0.10) 1.58 0.15 3.81 13.25 0.38 14.96 1,151 752
FTSE 100 5,941 78.90 1.35 (0.98) (1.59) (1.52) (6.92) (21.23) (18.26) 7,690 4,899
CAC 40 5,032 93.64 1.90 0.58 (0.33) 3.20 0.19 (15.83) (7.95) 6,111 3,632
Dax 13,243 269.18 2.07 1.61 0.40 4.72 6.05 (0.04) 11.19 13,795 8,256
Indonesia 5,312 1.29 0.02 (0.65) (0.53) 6.11 7.51 (15.68) (15.17) 6,414 3,912
Japan 23,541 293.88 1.26 1.73 1.43 6.06 4.10 (0.49) 14.14 24,116 16,358
Australia 6,098 35.09 0.58 0.62 (0.46) 2.91 2.64 (8.76) (7.23) 7,197 4,403
Korea 2,393 29.05 1.23 2.89 2.09 6.33 11.48 8.91 21.76 2,458 1,439
Singapore 2,540 1.39 0.05 0.01 (0.08) 2.21 (5.94) (21.19) (17.82) 3,286 2,208
Malaysia 1,538 16.11 1.06 (1.11) (1.12) (2.23) (0.06) (3.22) (3.39) 1,618 1,208
Hong Kong 25,120 (64.76) (0.26) (1.19) (1.46) 2.71 3.27 (10.89) (1.60) 29,175 21,139
China 3,405 (5.81) (0.17) 0.03 2.25 1.09 16.47 11.63 16.20 3,459 2,647
Taiwan 12,700 (3.78) (0.03) (0.23) (1.04) 1.49 12.18 5.85 20.28 13,032 8,524
Thailand 1,316 10.31 0.79 (0.56) (0.50) (0.40) (4.24) (16.71) (19.87) 1,680 969
Philipines 5,738 (60.85) (1.05) (3.09) (3.61) 0.39 (8.12) (26.57) (26.48) 8,217 4,039
1D 1D 3D 1W 1M 3M YTD 1YR High Low
Foreign Reserves (US$Bn) 135.10 2.57 5.65 4.58 7.31 135.10 120.97
Inflation Rate (yoy, %) 1.32 3.12 1.32
Gov Bond Yld (10yr, %) 6.94 (5.56) 8.38 6.51
US Fed Rate (%) 0.25 2.25 0.25
Chg (Pts)
1D 1D 3D 1W 1M 3M YTD 1YR High Low
Indonesia 14,745 172.00 (1.17) (0.77) (0.45) (0.78) (2.24) (5.96) (3.74) 16,625 13,577
Japan 106.24 0.06 (0.06) (0.31) 0.31 (0.27) 2.50 2.23 (0.28) 112.23 101.19
UK 1.33 (0.00) (0.07) (0.22) 1.06 2.03 6.09 0.63 10.43 1.35 1.14
Euro 1.18 (0.00) (0.11) (0.79) 0.17 0.68 5.42 5.61 7.91 1.20 1.06
China 6.84 0.01 (0.15) 0.40 0.70 2.09 3.85 1.83 4.88 7.18 6.81
Chg (Pts)
1D 1D 3D 1W 1M 3M YTD 1YR High Low
Oil (Brent) 44.54 0.11 0.25 (1.63) (1.22) 0.88 11.94 (32.52) (23.55) 71.95 15.98
CPO 2,781 23.00 0.83 3.69 6.35 3.88 19.36 (8.88) 24.49 3,140 1,944
Rubber 808.50 3.50 0.43 1.70 1.70 3.99 3.99 5.82 10.98 837.50 685.00
Coal 51.70 (0.90) (1.71) 2.17 3.40 (1.90) (8.50) (23.63) (21.37) 77.25 47.50
Tin 18,364 157.89 0.87 3.02 5.71 2.54 13.64 6.90 9.23 18,205 13,375
Nickel 15,706 172.00 1.11 3.39 4.87 13.93 22.20 11.99 (13.03) 18,710 10,865
Copper 6,697 9.50 0.14 1.15 2.57 4.43 21.14 8.47 19.16 6,830 4,371
Gold 1,943 6.50 0.34 (1.23) 1.10 (1.33) 14.25 27.90 25.41 2,074 1,446
Source: Bloomberg, SSI Research
Change (%) 1 Year
Change (%) 1 Year
Change (%) 1 Year
Commodity Indicators Last Price Regional Indices Last Price
Exchange Rate (per USD) 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 guaranteed. All rights reserved by PT Samuel Sekuritas Indonesia
Equity Research│3 September 2020
Research Team
Suria Dharma Head of Equity Research, Strategy, Banking,
Consumer (Staple) [email protected] +6221 2854 8148
Ahmad Mikail Zaini Economist [email protected] +6221 2854 8396
William Mamudi, CMT Technical Analyst [email protected] +6221 2854 8382
Yosua Zisokhi Cement , Cigarette,Paper, Plantation,Telco
Infra, Chemical [email protected] +6221 2854 8387
Dessy Lapagu Aviation, Coal, Metal [email protected] +6221 2854 8392
Selvi Ocktaviani Automotive,Construction, Mining Cont.,
Precast,Telco, Toll Roads [email protected] +6221 2854 8393 Ilham Akbar Healthcare, Ind. Estate, Property,Oil & Gas [email protected] +6221 2854 8144
Nashrullah Putra Media, Poultry [email protected] +6221 2854 8144
Calista Muskitta Research Associate [email protected] +6221 2854 8331
Private Wealth Management
Evelyn Satyono Head of PWM / Institutional Sales [email protected] +6221 2854 8380
Ronny Ardianto Institutional Equity Sales [email protected] +6221 2854 8399
Clarice Wijana Institutional Equity Sales [email protected] +6221 2854 8395
Fachruly Fiater Institutional Equity Sales [email protected] +6221 2854 8325
Gitta Wahyu Retnani Institutional Equity Sales [email protected] +6221 2854 8365
Equity Sales Team
Kelvin Long Head of Equities [email protected] +6221 2854 8150
Yulianah Institutional Equity Sales [email protected] +6221 2854 8146
Lucia Irawati Retail Equity Sales [email protected] +6221 2854 8173
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
Teguh Suwarno Fixed Income Sales [email protected] +6221 2854 8384
Sany Rizal Keliobas Fixed Income Sales [email protected] +6221 2854 8337
Online Trading Sales Team
Nugroho Nuswantoro Head of Marketing Online Trading [email protected] +6221 2854 8372 Muhamad Alfatih CSA, CTA, CFTe Senior Technical Portfolio Advisor [email protected] +6221 2854 8129
Wahyu Widodo Marketing [email protected] +6221 2854 8371
