Daily Insight Friday, June 16th 2017
Market Update IHSG diprediksi akan bergerak menguat pada perdagangan hari ini. Pasar saham Eropa dan Amerika ditutup turun kemarin dengan berbagai kebijakan ekonomi yang dirilis dari beberapa negara seperti Jepang dan Inggris, setelah sebelumnya AS menaikkan suku bunga acuannya. Penurunan juga masih didorong dari tekanan saham teknologi. Akhir pekan ini akan rilis data Final inflasi eropa yang diperkirakan stagnan. Pasar saham Korea, Jepang dan Australia dibuka melemah pagi ini. Dari dalam negeri, Bank dunia memproyeksi petumbuhan ekonomi Indonesia sepanjang tahun ini bisa mencapai 5,3%. BI memutuskan untuk mempertahankan BI 7-day reverse repo rate sebesar 4,75% disusul deposit facility dan lending facility masing-masing dipertahankan sebesar 4% dan 5,5%. Surplus perdagangan Indonesia pada bulan Mei 2017 tercatat sebesar US$ 470 juta atau turun signifikan dibandingkan bulan sebelumnya yang masih mencapai US$ 1,33 miliar. Pemerintah menyepakati perubahan target indikator harga minyak mentah Indonesia menjadi US$ 45-US$ 55 per barel di tahun depan. Secara teknikal IHSG terkonsolidasi pasca mencapai upper bollinger bands. Indikator stochstic bergerak menguat mendekati area overbought dengan RSI yang cenderung terlihat flat. Sehingga pergerakan IHSG diakhir pekan diperkirakan menguat tertahan dengan range pergerakan 5750-5800. Saham-saham yang dapat diperhatikan diantarnaya ROTI, AISA, INAF, PNLF, SMBR, UNVR, INDF.
15-Jun-17 21,359.90 2,432.46 6,165.50 7,419.36 12,691.81 5,216.88 25,565.34 19,831.82 2,361.65 3,132.49 4,055.55 27.36
Daily -0.1% -0.2% -0.5% -0.7% -0.9% -0.5% -1.2% -0.3% -0.5% 0.1% -1.0% 0.1%
Yt d 8.1% 8.6% 14.5% 3.9% 10.5% 7.3% 16.2% 3.8% 16.5% 0.9% 4.7% 13.4%
113.16 1,003.64 10.90 97.43
2.4% -1.0% 2.4% 0.5%
-28.3% 16.4% -22.4% -4.7%
Co mmo dit ies (USD) Coal CPO (MYR) Crude Oil Gold Copper Nickel Tin HRC Steel Corn Soybean
15-Jun-17 80.25 2,650.00 44.46 1,253.98 256.55 8,792.00 19,615.00 589.00 379.50 934.75
Daily 1.4% -0.9% -0.6% -0.5% -0.3% -1.1% 1.4% -0.2% 0.7% 0.3%
Yt d 4.0% -17.7% -17.2% 9.3% 2.4% -11.9% -7.5% -7.0% 7.8% -6.2%
Indo nesia USDIDR IHSG LQ45 ISSI JII Finance Property Consumer Misc Indust Basic Indust Mining Agriculture Trading Infrastructure
15-Jun-17 13,286.00 5,776.28 970.16 183.83 744.04 935.58 486.88 2,546.94 1,493.75 616.04 1,417.62 1,759.63 919.34 374.63
Daily 0.1% -0.3% -0.4% -0.4% -0.6% -0.1% -0.5% 0.0% -2.3% 0.2% -0.1% -0.6% -0.2% -0.2%
Yt d -1.4% 9.1% 9.7% 6.8% 7.2% 15.2% -6.0% 9.6% 9.0% 14.5% 2.4% -5.6% 6.8% 9.8%
Indo nesia St o ck Foreign Net Buy (Sell) Value Shares Traded Volume Shares Traded
15-Jun-17 Yt d (207.29) 19,801 (bn Rp) 3,979.51 (bn Rp) 3,923.95 (mn shares)
Go vt Bo nd Yield (%) Indonesia 10yr IDR Indonesia 10yr USD US Treasury 10yr
15-Jun-17 6.840 3.593 2.160
Dow Jones S&P 500 Nasdaq FTSE 100 DAX CAC 40 Hang Seng Nikkei Kospi Shanghai Comp All Ordinaries EIDO Idn CDS 5yr USD MSCI Emerging Mkt CBOE SPX Volatility US Dollar Index
Chg 0.053 0.027 (0.010) Source: Bloomberg
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Misc Indust Basic Indust
Finance
Consumer
Property
Infrastructure Trading
Mining
Agriculture LS 27 average ret urn JCI Index
ASII IJ Equity SMSM IJ Equity SMGR IJ Equity INTP IJ Equity CPIN IJ Equity JPFA IJ Equity BBTN IJ Equity BBNI IJ Equity BBRI IJ Equity BBCA IJ Equity UNV R IJ Equity ICBP IJ Equity INDF IJ Equity WSKT IJ Equity WIKA IJ Equity PWON IJ Equity KIJA IJ Equity TLKM IJ Equity JSMR IJ Equity UNTR IJ Equity AKRA IJ Equity RALS IJ Equity PTBA IJ Equity ITMG IJ Equity HRUM IJ Equity AALI IJ Equity SIMP IJ Equity
12-May-17 15-Jun-17 Daily 8,675 8,900 2.6% 1,130 1,225 8.4% 8,850 10,075 13.8% 17,000 18,100 6.5% 3,000 3,170 5.7% 1,100 1,380 25.5% 2,310 2,700 16.9% 6,675 6,575 -1.5% 14,025 14,675 4.6% 18,000 18,050 0.3% 46,800 48,850 4.4% 8,600 8,750 1.7% 8,475 8,500 0.3% 2,230 2,320 4.0% 2,190 2,260 3.2% 615 620 0.8% 322 324 0.6% 4,400 4,360 -0.9% 4,810 5,250 9.1% 24,375 27,475 12.7% 6,350 6,475 2.0% 1,370 1,255 -8.4% 10,975 11,400 3.9% 15,950 17,525 9.9% 2,000 2,110 5.5% 14,700 14,400 -2.0% 620 550 -11.3% 4.38% 5,675 5,776 1.78%
Yt d 7.6% 25.0% 9.8% 17.5% 2.6% -5.2% 55.2% 19.0% 25.7% 16.5% 25.9% 2.0% 7.3% -9.0% -4.2% 9.7% 11.0% 9.5% 21.5% 29.3% 7.9% 5.0% -8.8% 3.9% -1.4% -14.2% 11.3% 10.4% 9.1%
Source: Bloomberg, Reliance Sekuritas Indonesia Research
Daily News: Summarecon Agung (SMRA): Perseroan dalam Rapat Umum Pemegang Saham Tahunan (RUPST) memutuskan untuk_ membagikan dividen sebesar Rp 5 per saham atau dengan total Rp 72,13 miliar. (Iqplus) Polychem Indonesia (ADMG): Perseroan menganggarkan belanja modal sebesar US$15 juta pada tahun ini untuk melakukan ekspansi pabrik. (Bisnis Indonesia) MNC Land (KPIG): Perseroan berencana melakukan penambahan modal tanpa hak memesan efek terlebih dahulu atau private placement sebanyak-banyaknya 516,8 juta lembar saham baru guna memperkuat struktur permodalan dan keuangan Perseroan untuk membiayai sejumlah proyek baru. (Bisnis Indonesia) Perdana Gapuraprima (GPRA): Perseroan akan menambah dua proyek baru tahun ini dan menyelesaikan negosiasi penambahan land bank di area Sentul, Bogor. Kedua proyek baru tersebut yakni proyek mix used The Crown di Cengkareng, Jakarta Barat, dan proyek Bukit Cimanggu City di Bogor, Jawa Barat. (Bisnis Indonesia) Smartfren Telecom (FREN): Perseroan mengalokasikan belanja modal senilai US$150 juta sepanjang tahun ini. Belanja modal tersebut akan digunakan untuk migrasi jaringan, menambah kapasitas dan memperbaiki kualitas jaringan. (Bisnis Indonesia) Asuransi Dayin Mitra (ASDM): Perseroan tahun ini menargetkan bisa memperoleh pendapatan premi sebesar Rp 900 miliar. Target tersebut meningkat 9,12% dari realisasi perolehan premi tahun 2016 lalu yang tercatat Rp 824,75 miliar. (Kontan.co.id) Bank Agris (AGRS): Perseroan menargetkan sampai akhir 2017 bisa mencatat pertumbuhan kredit sebesar 10% secara tahunan atau year on year (yoy) menjadi Rp 3,13 triliun. Selain itu sampai akhir 2017 bank bisa mencetak laba sebesar Rp 14 miliar atau naik 314% secara yoy. (Kontan.co.id) Trias Sentosa (TRST): Perseroan membagikan dividen sebesar Rp 14,040 miliar atau Rp 5 per lembar saham. Penjualan tahun 2016 lalu mencapai Rp 2,2 triliun naik 8,5 persen dibanding tahun 2015. (Iqplus) Bank Artos Indonesia (ARTO): Perseroan menargetkan pertumbuhan aset menjadi sebesar Rp1,1 triliun pada 2019 seiring dengan keyakinan Perseroan terhadap pertumbuhan ekonomi nasional. (Iqplus)
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World Economic Calendar Event Trade Balance n.s.a. Trade Balance s.a. US Initial Jobless Claims Philadelphia Fed Manufacturing Survey Industrial Production (MoM) Capacity Utilization NAHB Housing Market Index
15-Jun-17
EU
16-Jun-17
Prior €30.9B €23.1B 245K 38.8 1.00% 76.70% 70
Mar May May May May May May May May May
1.60% 1.20% 0.40% 1.40% 0.50% 1.228M 1.172M -2.50% -2.60% 3.5
EU
Labour cost Consumer Price Index - Core (YoY) Consumer Price Index (MoM) Consumer Price Index (YoY) Consumer Price Index - Core (MoM) US Building Permits (MoM) Housing Starts (MoM) Building Permits Change Housing Starts Change Labor Market Conditions Index
Dat e 16-Jun-17 16-Jun-17 19-Jun-17 19-Jun-17 20-Jun-17 20-Jun-17 22-Jun-17 22-Jun-17 23-Jun-17
Survey €27.2B 242K 24 0.20% 76.70% 70
Actual €17.9B €19.6B 237K 27.6 0.00% 76.60% 67
0.90% -0.10% 1.40% -0.10% 1.250M 1.215M
3.0 Source: fxstreet.com
Indonesia 10yr IDR Govt Bond Yield
RUPS Ticker BVIC BUMI MLIA RDTX DGIK ALMI BYAN HOME INRU
Period Apr Apr Jun Jun May May Jun
Place
Hotel Mulia Senayan Menara Standard Chartered Sheraton Grand Jakarta Hotel Gandaria City Mercantile Athletic Club Belezza Gapura Prima Office Tow er East Tow er
Act io n RUPSLB RUPSLB RUPSLB RUPSLB RUPSLB RUPSLB RUPSLB RUPSLB RUPSLB Source: KSEI
Date
Yield (mid) 15-Jun-17
7.10
14-Jun-17
7.10
13-Jun-17
7.13
12-Jun-17
7.14
9-Jun-17
7.14
Indo nesia St o ck Yt d Net Fo reign Net
Value (Rp bn)
Buy (Sell) (Rp bn)
JASXFBAT Index 15-Jun-17
(269.81)
14-Jun-17
(207.29)
13-Jun-17
(168.67)
12-Jun-17 9-Jun-17
19,530.85
617.73 (1,021.74)
So urce: B lo o mberg
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Indonesia Government Bonds OR11 OR12 OR13 SR07 SR08 FR28 FR31 FR32 FR34 FR35 FR36 FR37 FR38 FR39 FR40 FR42 FR43 FR44 FR45 FR46 FR47 FR48 FR50 FR52 FR53 FR54 FR56 FR57 FR58 FR59 FR61 FR62 FR63 FR64 FR65 FR66 FR67 FR68 FR69 FR70 FR71 FR72 FR73 FR74
Mat urit y Price (Bid) 10/15/2017 101.02 10/15/2018 103.28 10/15/2019 99.75 3/11/2018 101.65 3/10/2019 102.76 7/15/2017 100.36 11/15/2020 113.07 7/15/2018 109.22 6/15/2021 121.20 6/15/2022 125.65 9/15/2019 110.22 9/15/2026 133.22 8/15/2018 106.01 8/15/2023 124.01 9/15/2025 123.95 7/15/2027 121.94 7/15/2022 114.52 9/15/2024 116.60 5/15/2037 119.12 7/15/2023 112.67 2/15/2028 120.82 9/15/2018 103.25 7/15/2038 127.28 8/15/2030 125.67 7/15/2021 105.49 7/15/2031 117.58 9/15/2026 109.96 5/15/2041 117.17 6/15/2032 106.52 5/15/2027 101.05 5/15/2022 101.35 4/15/2042 83.60 5/15/2023 94.14 5/15/2028 91.76 5/15/2033 91.55 5/15/2018 99.16 2/15/2044 109.14 3/15/2034 107.46 4/15/2019 102.43 3/15/2024 108.18 3/15/2029 113.47 5/15/2036 107.04 5/15/2031 111.95 8/15/2032 101.34
Y TM (Bid) 5.31 6.41 6.72 5.93 6.60 4.73 6.64 5.98 6.66 6.76 6.51 7.04 6.13 6.89 7.11 7.15 6.81 7.03 7.84 6.91 7.17 6.22 7.83 7.41 6.68 7.46 6.90 7.89 7.52 6.85 6.67 7.89 6.85 7.23 7.54 6.21 7.92 7.58 6.43 6.84 7.27 7.54 7.36 7.35
Cpn 8.50 9.00 6.60 8.25 8.30 10.00 11.00 15.00 12.80 12.90 11.50 12.00 11.60 11.75 11.00 10.25 10.25 10.00 9.75 9.50 10.00 9.00 10.50 10.50 8.25 9.50 8.38 9.50 8.25 7.00 7.00 6.38 5.63 6.13 6.63 5.25 8.75 8.38 7.88 8.38 9.00 8.25 8.75 7.50
Next Coupon Issued 7/15/2017 10/22/2014 7/15/2017 10/21/2015 7/15/2017 10/26/2016 7/11/2017 3/11/2015 7/10/2017 3/10/2016 7/15/2017 2/24/2005 11/15/2017 6/16/2005 7/15/2017 9/1/2005 12/15/2017 1/26/2006 12/15/2017 2/16/2006 9/15/2017 4/20/2006 9/15/2017 5/18/2006 8/15/2017 8/24/2006 8/15/2017 8/24/2006 9/15/2017 9/21/2006 7/15/2017 1/25/2007 7/15/2017 2/22/2007 9/15/2017 4/19/2007 11/15/2017 5/24/2007 7/15/2017 7/19/2007 8/15/2017 8/30/2007 9/15/2017 9/27/2007 7/15/2017 1/24/2008 8/15/2017 8/20/2009 7/15/2017 7/8/2010 7/15/2017 7/22/2010 9/15/2017 9/23/2010 11/15/2017 4/21/2011 12/15/2017 7/21/2011 11/15/2017 9/15/2011 11/15/2017 10/6/2011 10/15/2017 2/9/2012 11/15/2017 8/13/2012 11/15/2017 8/13/2012 11/15/2017 8/30/2012 11/15/2017 10/25/2012 8/15/2017 7/18/2013 9/15/2017 8/1/2013 10/15/2017 8/29/2013 9/15/2017 8/29/2013 9/15/2017 9/12/2013 11/15/2017 7/9/2015 11/15/2017 8/6/2015 8/15/2017 11/10/2016 Source: Bloomberg your reliable partner | ‹#›
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Key Statistic Ticker
Closing Price
Change (%)
P/E (x)
AGRICULTURE, MEDIAN PER= BWPT SSMS LS IP DS NG
0.52 (3.00) (0.35) -
11.29 26.00 10.54 14.24
(0.90) 1.28 (3.04) (1.30)
10.63 8.88 9.22
MIN IN G, MEDIAN PER= INCO ITM G PTBA
CON SUMER GOODS, MEDIAN PER= UNVR ULTJ ICBP KLBF M YOR ROTI S IDO
1.48 0.72 0.49 0.32 (1.40) (0.39) (0.40)
9.62 54.96 19.24 27.20 31.66 39.48 23.32 15.34
0.95 (1.52) 1.02 2.82 2.43 (0.79) (0.81)
24.91 25.41 21.40 42.00 43.82 20.76 17.76
1,060.00 6,475.00 14,825.00 6,375.00 2,110.00 1,895.00 27,475.00
AKRA LPPF M API M IKA M NCN UNTR
PROPERTY & KON STRUKSI MEDIAN PER= AS RI PWON BS DE CTRA DILD KIJA LPKR S M RA S S IA ADHI PPRO WS KT LPCK M DLN JRPT
(0.16) (1.59) (2.17) (0.86) (1.53) (1.15) 1.56 (1.78) (1.74) (1.28) (0.24) (0.61)
5.78 40.19 20.24 15.30 16.54 19.63 18.80 20.50 62.87 24.45 29.47 9.97 5.72 5.05 10.79
(3.06) (0.28) (1.31) 3.55 0.65 2.28
24.66 19.57 110.36 14.11
(2.73) 0.41 2.94 (1.29)
21.02 23.96 14.97 6.86
0.42 1.15 (1.18) (1.89) (2.16) (1.22)
21.11 10.54 13.46 10.51 17.15 20.73 7.99 5.19 9.88 20.21
(0.36) (3.81) (1.85) (0.94) (1.23) 1.59
10.13 37.07 7.67 17.99 14.22 20.09 13.62
BASIC IN DUSTRY & CHEMICAL, MEDIAN PER=
3,170.00 18,100.00 1,130.00 2,920.00 770.00 10,075.00
CPIN INTP M AIN S M BR S M CB S M GR
8,900.00 2,420.00 1,225.00 306.00
AUTO SMSM S RIL
BBRI BBTN BDM N BM RI BTPN BBKP BJTM BJBR
IN FRASTRUCTURE, MEDIAN PER= CM NP EXCL TBIG S OCI JS M R PGAS TLKM TOWR To p Gainers (%) To p Lo ssers (%) Lo west PER
1.49 2.39 1.03 1.58
1.22 0.81 1.67 2.15
5.97 0.51 13.49 14.01
12.08 0.61 19.20 24.66
0.87 9.11 3.12 2.92 3.73 2.94 2.59 2.89
1.40 55.92 4.01 5.44 5.89 7.31 4.67 2.57
6.48 38.49 19.47 12.90 15.32 10.81 9.95 16.07
16.23 103.83 23.25 21.33 19.77 23.45 21.64 17.29
3.56 1.61 4.37 0.72 12.57 3.84 2.11
5.64 3.66 3.23 8.27 2.79 2.42
19.76 6.51 49.83 2.44 16.73 8.87 8.48
24.26 15.16 8.06 19.63 14.36 14.28
0.61 2.46 6.00 4.84 2.74 2.06 2.19 1.43 3.32 0.80 0.66 5.05 0.76 2.05 1.20 4.62
0.49 0.87 3.31 1.63 1.66 0.81 1.30 0.76 2.94 1.04 1.47 4.50 2.87 0.65 0.49 2.23
2.51 0.81 7.24 5.95 3.38 1.93 3.43 1.63 1.75 0.91 1.78 5.17 3.89 8.87 4.92 12.50
8.83 2.21 17.57 11.23 8.75 4.30 7.14 3.98 5.75 2.15 6.12 13.69 19.50 12.21 10.28 22.37
1.27 4.50 0.49 18.49 0.64 2.25
3.52 2.50 1.38 9.11 0.74 2.14
8.52 11.73 7.35 6.58 (2.34) 10.03
14.85 13.23 17.10 8.58 (5.69) 15.33
1.92 0.89 2.34 0.62
3.08 1.21 4.72 1.23
6.53 3.30 21.07 6.50
15.45 5.13 33.69 19.21
6.84 2.20 3.15 1.51 2.02 2.87 1.00 0.53 1.99 2.09
3.77 1.40 2.50 1.49 1.35 1.95 0.91 0.60 1.41 2.44
3.26 2.06 2.86 1.39 1.66 1.45 2.04 1.09 2.40 1.21
19.27 14.00 20.76 16.21 8.08 10.61 11.88 12.77 15.23 13.31
2.04 1.64 6.54 1.25 1.95 1.48 3.60 7.34
0.99 1.65 16.53 0.55 2.79 1.34 4.74 3.35
6.56 0.46 3.50 3.97 4.22 4.41 11.77 13.50
11.11 1.42 41.79 7.39 16.78 9.40 25.13 32.35
13.46
18,050.00 6,575.00 14,675.00 2,700.00 5,200.00 12,500.00 2,500.00 630.00 680.00 2,420.00
BBNI
16.13 (5.38) 18.29 11.92 9.91
17.99
FIN AN CE, MEDIAN PER= BBCA
10.14 (2.09) 8.37 9.73 3.13
16.84
MISCELAN EOUS IN DUSTRY, MEDIAN PER= AS II
1.54 1.34 4.45 1.21 1.98
19.63
189.00 322.00 620.00 1,800.00 1,150.00 418.00 324.00 645.00 1,285.00 650.00 2,210.00 226.00 2,320.00 4,120.00 268.00 820.00
APLN
1.71 2.97 5.65 2.15 1.17
24.91
TRADIN G, MEDIAN PER= ACES
ROE (%)
27.20
1,715.00 48,850.00 5,150.00 8,750.00 1,570.00 2,120.00 1,290.00 498.00
AIS A
ROA (%)
9.05
1,645.00 1,980.00 17,525.00 11,400.00
ADRO
P/B (x)
10.92
14,400.00 260.00 1,615.00 1,420.00 498.00
AALI
P/S (x)
14.22
1,370.00 3,280.00 6,625.00 306.00 5,250.00 2,400.00 4,360.00 3,740.00 1
2
3
4
5
S M BR
SMSM
M API
M IKA
S M GR
68
67
66
63
61
EXCL
CPIN
ITM G
BS DE
BDM N
70
69
68
67
66
BWPT
M DLN
BBKP
LPCK
APLN S o urc e : B lo o m be rg, R e lia nc e R e s e a rc h
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