Riset Saham Harian Samuel Research
01 Februari 2017
Market Activity
Data PMI positif, IHSG berpeluang menguat
Wednesday, 01 Feb 2017 Market Index Index Movement Market Volume Market Value Last Close
: : : :
5,294.1 -8.6 (-0.16%) Mn shrs 4,050 5,327 Bn rupiah Changes +/%
Leading Movers MAYA 3,000 ASII 7,950 BTEK 1,550 IIKP 3,200
600 50 305 350
25.0 0.6 24.5 12.3
Lagging Movers HMSP 3,850 BBCA 15,300 INTP 15,025 BMRI 10,900
-50 -150 -850 -125
-1.3 -1.0 -5.4 -1.1
Foreign Net Buy / Sell Net Buy (Rpbn) BBNI 26 PTPP 20 WSBP 16 BRPT 9 WIKA 8
Net Sell (Rpbn) BBRI 81 ASII 56 BMRI 48 TLKM 40 HMSP 26
Money Market Last Close 13,352 4.2 0.4
Changes +/% 1.0 0.0 0.0 -
Dual Listing Securities Last Close TLKM 29.4 ISAT 40.9 EIDO 24.4
Changes +/% 0.3 1.1 -0.3 -0.8 0.0 -0.2
USD/IDR JIBOR O/N Infl (MoM)
Bursa APAC dibuka mixed. IHSG hari ini diperkirakan menguat sejalan dengan kenaikan data PMI MFG Indonesia periode Jan’17 yang di atas ekspektasi yaitu di level 50.4, mengi ndikasikan adanya pertumbuhan positif di 1Q17. Fokus domestik tertuju pada data inflasi, PDB serta tingginya ketidakpastian politik yang dapat mempengaruh laju IHSG. Rupiah ditutup stabil di level Rp 13,352. Highlights BBRI: Laba bersih meningkat tipis namun inline ADRO: Laporan operasional 4Q16 inline EXCL: Mencetak laba bersih Rp 374 miliar, didorong
World Indices
DJIA S&P 500 Euro Stoxx MSCI World Nikkei Hang Seng
Mayoritas Bursa AS ditutup melemah di tengah kekhawatiran investor mengenai prioritas pemerintahan Trump. Investor khawatir bahwa kebijakan Trump tidak memicu reli pasar setelah dia terpilih, seperti reformasi pajak dan stimulus fiscal. Sama halnya, mayoritas Bursa Eropa ditutup melemah. Saat ini investor lebih realistis terhadap kebijakan Trump, meskipun data ekonomi di zona euro mendukung. Harga minyak mentah WTI diperdagangkan di bawah US$53 per barel setelah adanya kenaikan laporan pasokan minyak mentah AS sejalan dengan pelemahan dolar AS.
Changes
Last Close 19,864 2,279 3,231 1,792 18,942 23,361
+/-107 -2 -32 0 -99 -13
Last Close 56 2,963 83 9,928 19,783
Changes +/% 0.3 0.5 -44.0 -1.5 -0.5 -0.7 276.0 2.9 176.0 0.9
% -0.5 -0.1 -1.0 0.0 -0.5 -0.1
oleh laba kurs WIKA: Membukukan kontrak baru Rp54tn Plantation: Produksi Minyak sawit di 2016 turun 3% yoy
Commodities Brent Oil CPO Malay Coal Newc Nickel Tin
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Page 1 of 7
Riset Saham Harian 01 Februari 2017
BBRI: Laba bersih meningkat tipis namun inline
BBRI membukukan kenaikan laba bersih konsolidasi 3,2% yoy menjadi Rp 26,2 triliun pada 2016. Pendapatan bunga bersih naik 16% sejalan dengan kenaikan NIM 19bps dan pertumbuhan kredit 13,8%. Pendapatan non-bunga naik 24,3%. Kualitas aset relatif membaik secara qoq atau flat yoy (NPL gross konsolidasi: 4Q15: 2,1%, 1Q16: 2,3%, 2Q16: 2,4%, 3Q16: 2,3%, 4Q16: 2,1%). Sementara, biaya provisi NPL melonjak 55%. Pre-provision operating income tumbuh
16,9%. (Company, Investor Daily). Comment:
Laba bersih itu mencerminkan 101% dari estimasi kami (102% dari konsensus) FY16. Secara umum, laba itu ditopang oleh pertumbuhan kredit dan pendapatan non-bunga. Namun, kenaikan biaya provisi (pencadangan NPL) yang besar sejalan dengan pemburukan kualitas aset terutama di 2Q16 membuat laba bersihnya hanya naik tipis, namun masih inline dengan ekspektasi.
Pertumbuhan kredit didorong terutama oleh segmen mikro yang merupakan kekuatan BBRI, terutama oleh KUR. Di tahun ini, bunga KUR rencananya akan dipertahankan di 9%, sementara plafonnya akan dinaikkan. Hal ini cukup melegakan, setelah sebelumnya ada wacana penurunan bunga ke 7% sehingga marjin BBRI mungkin akan turun.
Di tahun ini, kredit ditargetkan oleh manajemen tumbuh 12-14%. Kami melihat biaya provisi akan lebih kecil dari tahun lalu seiring tekanan NPL yang mereda dan pencadangan yang relatif sudah cukup besar. Pertumbuhan laba bersih di tahun ini diperkirakan lebih baik.
Detil FY16 result akan kami rilis hari ini. Tetap Buy untuk BBRI dengan TP: 13.700. BBRI: Buy; 17E’ PE: 9.5x, PBV: 1.7x
ADRO: Laporan operasional 4Q16 inline Total produksi batubara ADRO untuk FY’16 mencapai 52.64 Mt atau inline dengan estimasi kami.
Rasio pengupasan tanah di FY’16 tercatat 4.45x, sedikit lebih rendah daripada target sebesar 4,71x hal ini dikarenakan curah hujan di wilayah operasi yang lebih tinggi daripada rata-rata.
Penyelesaian akuisisi terhadap proyek Indo MetCoal dari BHP Billiton. Produksi batubara dari tambang Haju dalam proyek ini dilanjutkan.
Konstruksi terhadap PLTU PT Bhimasena Power Indonesia (BPI) yang berkapasitas 2x1.000 MW di Jawa Tengah dan PLTU PT Tanjung Power Indonesia (TPI) yang berkapasitas 2x100 MW di Kalimantan Selatan berjalan sesuai rencana. (Company). ADRO: Buy; 12.8x P/E17E dan 1.1x PBV 17E.
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Page 2 of 7
Riset Saham Harian 01 Februari 2017
EXCL: Mencetak laba bersih Rp 374 miliar, didorong oleh laba kurs
PT XL Axiata Tbk (EXCL) mencetak laba bersih Rp 374 miliar, setelah mencatat laba kurs sebesar Rp 286 miliar (2015: Rugi kurs Rp 2,5 triliun). Laba operasional FY16, tercatat melemah 46% y-y menjadi Rp 1,7 triliun seiring dengan penurunan penjualan sebesar 7% y-y menjadi Rp 21,3 triliun. (Bisnis Indonesia) EXCL: HOLD; 50.2x P/E17E dan 1.4x PBV 17E.
(IDRbn)
4Q15
3Q16
3Q16
q-q
y-y
(%)
(%)
Sales
5,954
5,229
5,258
0.6
(11.7)
Operating expense
(7,213)
(4,946)
(4,764)
(3.7)
(34.0)
Operating profit
(1,259)
284
495
74.1
2,036
2,950
EBITDA Net interest income/(expense) Forex gain/(loss) Other income/(expense)
2,679 (555) 682 (72)
(378) 64
(139.3)
y-y 2016 21,341 (19,655) 1,687
44.9
10.1
9,733
(195)
48.5
64.9
(1,533)
(153)
(65.7)
(60)
(86)
Pretax profit
678
(90)
61
Taxation
(197)
26
155
438.6
31.3
41.5
340.7
122.5
(42.2)
(19.2)
286 (255) 186
(%) (11.7) (34.0) (139.3) 10.1 64.9 438.6 41.5 122.5
190
(19.2)
376
na
Minority interest Net profit
481
(65)
216
Sales data & ratio analysis
4Q15
3Q16
4Q16
Operating margin (%)
(21.1)
167.4
91.0
2016
5.4
9.4
7.9
EBITDA margin (%)
45.0
38.9
56.1
45.6
Pretax margin (%)
0.9
11.4
(1.7)
1.2
Net margin (%)
8.1
(1.2)
4.1
1.8
Inventory days
0.9
2.1
113.8
2.2
8.9
10.1
13.3
13
36.1
72.2
113.8
112
Receivable days Payable Days Total cash (IDRb)
3,312
3,343
1,400
1,400
Total debt (IDRb)
18,564
13,662
13,669
13,669
108.2
49.3
57.8
57.8
Net gearing (%)
WIKA: Membukukan kontrak baru Rp54tn PT Wijaya Karya,Tbk (WIKA) membukukan kontrak baru Rp54tn jauh di sepanjnag tahun lalu. Di awal tahun (Jan17) WIKA telah memperoleh kontrak baru sebesar Rp5.08tn atau sekitar 11.76% dari FY17E. (Bisnis Indonesia). WIKA: Buy; 18.9x P/E17E dan 2.2x PBV 17E. Plantation: Produksi Minyak sawit di 2016 turun 3% yoy Gabungan Pengusaha Kelapa Sawit Indonesia (Gapki) menyatakan bahwa realisasi produksi minyak sawit nasional 2016 mencapai 34,5 juta ton atau turun 3% yoy. penurunan produksi 2016 tersebut tidak separah yang dikhawatirkan, para pengusaha sebelumnya memprediksi produksi min yak sawit 2016 anjlok 15-30%.
Untuk ekspor juga tercatat penurunan sekitar 5% yoy, yakni dari 25.1 juta ton. Angka ekspor itu hanya menghitung minyak sawit, tidak termasuk cangkang dan kernel expeller. Penurunan ekspor terjadi karena permintaan pasarglobal yang melemah hampir di semuanegara tujuan ekspor. Ditambah penggunaan CPO untuk program mandatory bahan bakar nabati (B20) yang telah berjalan secara konsisten. (Investor Daily). Plantation: Overweight.
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Page 3 of 7
Riset Saham Harian 01 Februari 2017 Ticker
Rec.
JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons
TP SSI
Upside
PE
(%)
(Rp)
(%)
(%)
(%)
(%)
(Rp)
(Rp)
(%)
16E
17E
PBV 16E
17E
ROE 16E
17E
Banks BMRI BBCA
BUY BUY
4.4 6.5
10900 15300
(1.1) (1.0)
(0.91) 1.66
(5.8) (1.3)
(5.8) (1.3)
11434 16340
12400 17100
13.8 11.8
14.6 19.3
11.4 16.3
1.7 3.4
1.5 2.9
11.3% 17.6%
13.1% 17.9%
BBRI BBNI
BUY BUY
5.0 1.8
11725 5700
(0.2) (0.4)
(0.85) 2.70
0.4 3.2
0.4 3.2
13037 6492
13700 6300
16.8 10.5
11.2 10.0
9.5 8.2
2.0 1.2
1.7 1.1
17.9% 12.2%
18.1% 13.4%
0.3
1905
(0.3)
-
9.5
9.5
2097
2300
20.7
8.6 12.7
7.3 10.5
1.1 1.9
1.0 1.6
12.4% 14.3%
13.1% 15.1%
BBTN BUY Average Consumer (Staples) ICBP INDF
BUY BUY
1.7 1.2
8400 7925
(0.9) 1.6
(0.88) (0.94)
(2.0) 0.0
(2.0) 0.0
10108 9964
10300 9900
22.6 24.9
26.3 17.7
23.6 14.9
5.5 2.3
4.9 2.1
21.0% 13.2%
20.8% 14.2%
KLBF ROTI
BUY BUY
1.2 0.1
1450 1580
(1.0) (0.6)
(3.01) (1.56)
(4.3) (1.3)
(4.3) (1.3)
1752 1808
1700 2000
17.2 26.6
30.2 32.9
26.9 27.2
5.8 5.7
5.1 4.9
19.1% 17.5%
19.0% 18.1%
ULTJ UNVR
BUY BUY
0.2 5.5
4390 41200
0.0 (0.3)
2.33 (1.90)
(3.9) 6.2
(3.9) 6.2
2703 45151
5300 45200
20.7 9.7
20.1 49.2
16.5 44.0
3.8 58.5
3.1 51.3
18.7% 18.9% 118.9% 116.6%
SIDO AISA Average
BUY BUY
0.1 0.1
560 1575
(1.8) (19.0)
1.82 7.7 (21.64) (19.0)
7.7 (19.0)
680 2427
700 2440
25.0 54.9
17.4 12.6 27.7
15.6 9.7 24.1
3.1 1.3 12.1
2.9 1.2 10.6
17.7% 10.7% 32.3%
18.9% 12.2% 32.4%
BUY
7.8
3850
(1.3)
(2.53)
0.5
0.5
4120
4390
14.0
37.8
33.8
12.6
11.5
33.3%
33.8%
BUY
2.1
61750
(1.7)
(3.14)
(3.4)
(3.4)
78154
77150
24.9
18.2 28.0
17.5 25.7
2.8 7.7
2.5 7.0
15.2% 24.2%
14.1% 24.0%
Cigarette HMSP GGRM Average
Healthcare MIKA HOLD
0.6
2500
2.0
2.88
(2.7)
(2.7)
3049
2950
18.0
54.6
48.0
10.1
9.2
18.5%
19.1%
BUY
0.3
11800
(0.6)
(3.48)
8.3
8.3
11921
12500
5.9
157.4 106.0
124.0 86.0
6.4 8.3
5.8 7.5
4.1% 11.3%
4.7% 11.9%
MAPI RALS
BUY BUY
0.2 0.2
5525 1340
4.2 1.5
4.25 8.06
2.3 12.1
2.3 12.1
5698 1505
6700 1750
21.3 30.6
48.9 22.7
28.8 20.6
2.8 2.7
2.6 2.5
5.8% 11.7%
9.0% 12.0%
ACES LPPF
BUY BUY
0.2 0.8
745 14775
0.7 (1.3)
(10.8) (2.3)
967 19364
1000 19500
34.2 32.0
20.7 17.7
19.1 15.6
4.4 19.8
4.0 12.7
21.2% 111.9%
20.7% 81.1%
27.5
21.0
7.4
5.4
37.6%
30.7%
SILO Average Retail
(1.32) (10.8) (1.66) (2.3)
Average Telco EXCL ISAT TLKM
HOLD BUY BUY
0.5 0.6 6.8
2910 6450 3870
0.7 2.4 0.3
8.58 3.20 (1.02)
26.0 0.0 (2.8)
26.0 0.0 (2.8)
3119 7877 4639
2200 7200 5000
-24.4 11.6 29.2
363.8 43.3 19.7
50.2 19.9 16.1
1.4 2.6 4.4
1.4 2.3 3.9
0.4% 6.0% 22.3%
2.8% 11.7% 24.0%
TOWR Average
BUY
0.6
3500
0.3
0.57
(2.2)
(2.2)
4617
4500
28.6
11.5 109.6
10.2 24.1
3.3 2.9
2.5 2.5
28.8% 0.1
24.5% 0.2
Auto and HE ASII BUY
5.6
7950
0.6
(1.24)
(3.9)
(3.9)
8782
9000
13.2
17.4
14.4
2.9
2.5
16.7%
17.2%
BUY
1.4
21850
(2.3)
(4.17)
2.8
2.8
24148
25050
14.6
18.8 18.1
15.8 15.1
2.0 2.5
1.9 2.2
10.7% 13.7%
11.9% 14.6%
BUY
0.2
338
0.0
(0.59)
0.0
0.0
388
445
31.7
17.8
13.0
0.7
0.9
3.8%
7.1%
BSDE PWON
BUY HOLD
0.6 0.5
1830 560
(0.5) (2.6)
(0.81) (1.75)
4.3 (0.9)
4.3 (0.9)
2307 720
2350 710
28.4 26.8
14.3 20.1
11.6 18.6
1.6 3.4
1.4 3.0
11.1% 16.8%
11.8% 15.8%
KPIG ASRI
BUY HOLD
0.2 0.1
1465 382
(0.7) (1.0)
(1.01) (2.55)
(2.3) 8.5
(2.3) 8.5
n/a 430
1810 390
23.5 2.1
34.1 11.9
28.7 11.2
1.2 1.1
1.2 1.0
3.5% 9.0%
4.1% 8.8%
SMRA Average
BUY
0.3
1310
(2.2)
(6.09)
(1.1)
(1.1)
1632
1750
33.6
28.8 18.8
27.0 17.1
2.5 2.1
2.3 1.9
8.5% 11.4%
8.4% 11.2%
Construction PTPP BUY ADHI BUY
0.4 0.1
3590 2100
2.0 (0.5)
2.57 (1.41)
(5.8) 1.0
(5.8) 1.0
4945 2550
5100 2750
42.1 31.0
22.0 15.8
18.9 13.0
3.1 1.4
2.7 1.2
13.9% 8.9%
14.4% 9.5%
0.6 0.4
2560 2570
0.0 4.5
0.79 4.05
0.4 8.9
0.4 8.9
3263 3057
3250 3000
27.0 16.7
20.0 22.3
16.3 18.9
1.8 2.5
1.6 2.2
9.2% 11.2%
9.9% 11.4%
20.0
16.8
2.2
1.9
10.8%
11.3%
UNTR Average Aviation GIAA Property
WSKT WIKA
BUY BUY
Average Cement INTP SMGR
SELL HOLD
1.0 0.9
15025 9025
(5.4) (0.8)
1.52 3.74
(2.4) (1.6)
(2.4) (1.6)
16199 10165
13500 9000
-10.1 -0.3
13.4 13.7
13.1 13.2
2.1 1.9
1.9 1.7
15.6% 13.7%
14.4% 12.9%
SMCB SMBR Average
SELL HOLD
0.1 0.4
900 2400
0.0 4.3
21.83
0.0 (14.0)
0.0 (14.0)
856 859
700 2300
-22.2 -4.2
-90.0 72.7 2.5
-37.5 63.2 13.0
0.8 7.2 3.0
0.8 6.3 2.7
-0.9% 9.9% 0.1
-2.3% 10.0% 0.1
Precast WSBP
BUY
0.3
585
0.9
1.74
5.4
5.4
693
690
17.9
28.9
23.0
2.4
2.2
8.4%
9.6%
WTON
BUY
0.1
825
0.0
-
0.0
0.0
1146
1150
39.4
25.6
19.5
2.6
2.1
10.2%
10.9%
27.2
21.2
2.5
2.2
9.3%
10.2%
Average
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Page 4 of 7
Riset Saham Harian 01 Februari 2017 Ticker
Rec.
JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons (%) (Rp) (%) (%) (%) (%) (Rp)
Utility PGAS BUY JSMR BUY Average Coal and Metal ANTM BUY INCO BUY TINS BUY ITMG BUY ADRO BUY PTBA BUY Average Plantation AALI BUY LSIP BUY SIMP BUY Average Poultry BUY CPIN BUY JPFA BUY MAIN Average Other Sectors BUY AKRA BUY DOID
1.2 0.5
2880 4220
0.0 (0.2)
0.3 0.4 0.1 0.3 0.9 0.5
800 2370 970 15000 1695 11600
0.5 0.2 0.1
8.27 0.72
Upside (%)
PE 16E
17E
PBV 16E
17E
ROE 16E
17E
6.7 (2.3)
6.7 (2.3)
3113 5693
3375 5000
17.2 18.5
12.4 16.1 14.2
10.2 15.9 13.1
1.5 2.5 2.0
1.4 2.2 1.8
12.3% 15.3% 13.8%
13.5% 13.9% 13.7%
0.0 1.7 (1.0) 0.0 (1.2) 2.4
(0.62) (10.6) 3.95 (16.0) (0.51) (9.8) 1.35 (11.1) (1.74) 0.0 2.65 (7.2)
(10.6) (16.0) (9.8) (11.1) 0.0 (7.2)
919 2815 1186 18874 1867 14355
1250 3500 1200 19000 2100 15000
56.3 47.7 23.7 26.7 23.9 29.3
400.0 182.3 97.0 12.6 15.1 19.4 121.1
9.3 25.8 46.2 6.5 12.8 12.0 18.8
1.0 1.0 1.4 1.4 1.1 2.7 1.4
0.9 1.0 1.3 1.3 1.1 2.4 1.3
0.3% 0.5% 1.4% 11.3% 7.6% 14.1% 5.9%
10.0% 3.7% 2.9% 19.6% 8.5% 19.9% 10.7%
15775 1550 510
0.0 (2.2) (1.0)
(1.41) (6.0) (6.63) (10.9) 3.2
(6.0) (10.9) 3.2
18618 1890 565
19800 2050 600
25.5 32.3 17.6
18.2 21.8 18.2 19.4
17.3 14.0 11.6 14.3
1.9 1.4 0.6 1.3
1.9 1.3 0.6 1.2
10.7% 6.3% 3.1% 6.7%
10.7% 9.1% 4.9% 8.2%
0.9 0.3 0.0
3100 1755 1170
(3.4) 2.6 (2.1)
(1.59) 0.3 9.69 20.6 (3.70) (10.0)
0.3 20.6 (10.0)
3606 2339 1904
4500 2200 1730
45.2 25.4 47.9
14.6 10.6 6.8 10.7
13.1 9.6 6.3 9.7
1.9 2.2 1.1 1.7
1.7 1.8 1.0 1.5
13.0% 20.7% 16.3% 16.7%
12.8% 18.7% 15.6% 15.7%
0.5 0.1
6675.0 520.0
0.4 2.0
11.3 2.0
7632.5 825.0
7600 850
13.9 63.5
23.9 9.3 16.6
21.3 4.9 13.1
3.9 2.7 3.3
3.5 1.8 2.6
16.2% 28.7% 22.5%
16.3% 35.9% 26.1%
-2.2 4.0
Average Source: SSI Research, Bloomberg Note: GIAA, PGAS, ITMG, ADRO, INCO, DOID report in USD.
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TP SSI (Rp)
11.3 2.0
Page 5 of 7
Riset Saham Harian 01 Februari 2017
Regional Indices
1D Change Points
World
0.34
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
1,792
0.02
(0.61)
(0.74)
2.35
6.44
2.35
14.42
1,811
1,460
U.S. (S&P)
(2.03)
2,279
(0.09)
(0.78)
(0.05)
1.79
7.92
1.79
17.51
2,301
1,810
U.S. (DOW)
(107.04)
19,864
(0.54)
(1.18)
(0.24)
0.51
10.13
0.51
20.76
20,126
15,503
Europe
(32.04)
3,231
(0.98)
(2.66)
(1.55)
(1.82)
6.86
(1.82)
6.94
3,342
2,673
Emerging Market
(3.86)
909
(0.42)
(0.82)
0.07
5.45
0.46
5.45
22.48
930
708
FTSE 100
(19.33)
7,099
(0.27)
(0.87)
(0.72)
(0.61)
2.63
(0.61)
n/a
7,354
5,500
CAC 40
(35.74)
4,749
(0.75)
(2.43)
(1.68)
(2.33)
6.23
(2.33)
8.12
4,930
3,892
Dax Indonesia
(146.58) (8.56)
11,535 5,294
(1.25) (0.16)
(2.64) (0.44)
(0.51) 0.04
0.47 (0.05)
9.59 (2.25)
0.47 (0.05)
18.22 14.48
11,893 5,492
8,699 4,545
Japan
(107.74)
18,934
(0.57)
(2.74)
(0.65)
(0.95)
8.55
(0.95)
5.98
19,615
14,864
Australia Korea
12.09 10.97
5,633 2,079
0.22 0.53
(1.42) 0.56
(0.30) 0.61
(0.58) 2.57
6.47 3.54
(0.58) 2.57
11.69 7.99
5,828 2,091
4,707 1,818
Singapore
(18.05)
3,047
(0.59)
0.23
0.70
5.76
8.28
5.76
17.08
3,065
2,528
Malaysia
(14.82)
1,672
(0.88)
(0.74)
0.01
1.82
0.04
1.82
0.22
1,729
1,612
Hong Kong
(13.39)
23,361
(0.06)
1.79
2.07
6.18
1.77
6.18
18.68
24,364
18,279
China Taiwan
9.61 23.90
3,159 9,448
0.31 0.25
0.71 1.39
1.87 1.00
1.43 4.07
1.50 0.66
1.79 2.10
15.49 19.68
3,301 9,468
2,638 7,800
(13.25) (107.05)
1,577 7,230
(0.83) (1.46)
(0.86) (1.40)
(0.10) (1.91)
2.23 5.69
4.84 (2.37)
2.23 5.69
21.58 7.88
1,601 8,118
1,271 6,499
1D Change Points
Last Price
0.00 n/a
4.17 116.36
n/a
Thailand Philipines Monetary Indicators JIBOR Overnight (%) Foreign Reserve (US$bn) Inflation Rate (%)
US Fed Rate (%) 0.00 Indo Govt Bond Yld (10yr) - % (0.00) Exchange Rate (per US$) 1D Change Currency
Points
Indonesia
1.00
Japan UK Euro China
0.00
Commodities Indicators
Change (%)
1 Year
1W
1M
3M
YTD
1YR
High
Low
(0.06) n/a
(25.49) 4.39
(1.66) 0.60
(1.50) 9.85
(22.89) 9.85
5.58 116.36
4.16 103.59
0.42
n/a
(10.64)
90.91
(56.25)
(56.25)
0.69
(0.45)
0.75 7.65
0.00 1.16
0.00 (4.08)
50.00 5.58
0.00 (4.08)
50.00 (6.06)
0.75 8.40
0.50 6.77
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
13352
(0.01)
(0.12)
(0.16)
0.91
0.91
0.91
2.15
13,828
12,920
0.12
112.92
(0.11)
1.93
0.32
4.10
3.58
3.58
7.15
120.04
99.02
(0.00) (0.00)
1.26 1.08
(0.02) (0.04)
0.18 0.89
(0.45) 0.43
2.44 3.24
1.92 2.63
1.92 2.63
(12.86) (0.86)
1.50 1.16
1.18 1.03
6.88
(0.01)
(0.44)
(0.17)
0.94
0.89
0.89
(4.38)
6.96
6.45
52.79
1D (0.04)
3D (0.71)
1W 0.08
3M 13.11
YTD (1.73)
1YR 66.95
High 55.24
Low 26.05
1D Change
Last Price
Change (%)
Points (0.02)
CPO
(44.00)
2,963.00
(1.46)
(5.18)
(4.30)
(4.70)
7.24
(4.70)
21.29
3,202.00
2,172.00
Rubber Coal
9.50 (0.55)
1,170.50 83.00
0.82 (0.66)
3.54 (1.72)
5.17 (1.13)
23.08 (12.35)
63.82 (23.57)
19.74 (12.35)
115.56 64.68
1,170.50 112.25
526.00 51.75
Iron Ore
1M (1.73)
1 Year
Spot Oil
1.52
83.44
1.86
1.02
(0.36)
6.51
40.85
6.89
101.55
84.07
41.40
Tin
176.00
19,783.00
0.90
(0.77)
(2.90)
(6.71)
(5.28)
(6.71)
32.72
21,945.00
14,841.50
Nickel
275.00
9,955.00
2.84
5.79
1.58
(0.65)
(4.96)
(0.65)
15.49
12,145.00
7,550.00
Copper Gold
171.00 0.70
5,991.00 1,210.50
2.94 0.06
2.29 1.86
0.81 1.06
8.23 5.26
23.45 (6.02)
8.23 5.26
31.35 7.31
6,045.50 1,377.50
4,430.00 1,116.50
Source: SSI Research, Bloomberg
www.samuel.co.id
Page 6 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
Evelyn Satyono
Head of PWM / Institutional Sales
[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
Fachruly Fiater
Institutional Equity Sales
[email protected]
+6221 2854 8325
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
Nugroho Nuswantoro
Head of Marketing Online Trading
[email protected]
+6221 2854 8372
Wahyu Widodo
Marketing
[email protected]
+6221 2854 8371
Aben Epapras
Marketing
[email protected]
+6221 2854 8389
Private Wealth Management
Equity Sales Team
Online Trading Sales Team
DISCLAIMERS : Analyst Certification : The v iews expressed in this research accurately ref lect the personal views of the analyst(s) about th e 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 v iews in this research. The analyst(s) principally responsible for the preparation of this research has taken reasonable care to achieve an d maintain independence and objectivity in making any recommendations. This document is f or information only and f or the use of the recipient. It is not to be reprod uced 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 f or all investors. Moreover, although the inf ormation contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights reserv ed by PT Samuel Sekuritas Indonesia
www.samuel.co.id
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