RISET SAHAM HARIAN Samuel Equity Research
Wednesday, 11 January 2017
Market Activity
IHSG bergerak flat cenderung menguat
Wednesday, 11 Jan 2017 Market Index Index Movement Market Volume Market Value
: : : :
Last Close
5,309.9 -6.4 (-0.12%) Mn shrs 4,050 5,327 Bn rupiah Changes +/%
Leading Movers BMRI 11,400 ASII 8,200 INDF 7,975 BBRI 11,800
125 50 150 50
1.1 0.6 1.9 0.4
Lagging Movers EMTK 8,400 HMSP 3,950 TLKM 4,000 CPIN 3,130
-1000 -20 -20 -80
-10.6 -0.5 -0.5 -2.5
Foreign Net Buy / Sell Net Buy (Rpbn) ASII 28 BBNI 21 BBTN 18 BMRI 14 BBRI 13
Net Sell (Rpbn) UNVR 52 TLKM 40 BSDE 33 SSIA 31 PTPP 17
Last Close 13,308 4.2 0.4
Changes +/% -57.0 0.4 0.0 -
Dual Listing Securities Last Close TLKM 29.6 ISAT 41.0 EIDO 24.6
Changes +/% -0.4 -1.4 0.1 0.4 0.0 0.2
World Indices
DJIA S&P 500 Euro Stoxx MSCI World Nikkei Hang Seng
Last Close 19,856 2,269 3,306 1,780 19,362 22,745
Changes +/-32 0 -3 3 60 186
% -0.2 0.0 -0.1 0.2 0.3 0.8
Commodities Brent Oil CPO Malay Coal Newc Nickel Tin
minyak
yang menekan saham energi, mengimbangi penguatan
sektor kesehatan dan finansial. Saat ini fokus investor masih bersikap wait and see menjelang musim laporan kinerja emiten dan pelantikan Presiden AS pada 20 Jan’17 mendatang. Disisi lain bursa Eropa ditutup menguat didorong oleh penguatan saham ritel, setelah beberapa perusahaan membukukan pertumbuhan penjualan signifikan, dampak dari penjualan natal yang melampau estimasi. Harga minyak mentah melemah di tengah spekulasi bahwa pasokan minyak mentah AS meningkat dan keraguan pasar atas kepatuhan OPEC mengenai pengurangan produksi. Bursa APAC pagi ini dibuka menguat dan EIDO tercatat naik tipis. IHSG kami prediksikan bergerak flat cenderung menguat merespon
Money Market
USD/IDR JIBOR O/N Infl (MoM)
Bursa AS keseluruhan tercatat mixed, ditengah pelemahan harga
Last Close 54 3,034 81 10,583 21,175
www.samuel.co.id
Changes +/% -1.3 -2.4 -23.0 -0.8 -0.5 -0.7 225.3 2.2 15.0 0.1
aksi pasar global. Fokus domestik tertuju terhadap keputusan relaksasi ekspor mineral yang masih ditunggu serta kepastian dari isu reshuffle Kabinet Jokowi. Rupiah kembali menguat pada pada perdagangan Selasa bersamaan dengan mayoritas kurs di Asia Highlights
WSBP: Akan menggunakan 45% dana IPO
JSMR: Menargetkan trafik 1,35 miliar kendaaraan di 2016, turun 2% y-y
ANTM : Boost produksi dan penjualan
Semen: Presiden ingin semen satu harga
Plantation: Ekspor minyak sawit bisa tembus US$ 20.6 M Perbankan: Aturan bunga deposito direncanakan berubah
Sektor Ritel: Kebut Ekspansi
DISCLAIMERS : Anal yst Certification : The vi ews express ed in this research acc uratel y reflect the personal views of the anal ys t(s) about the s ubjec t s ecurities or issuers and no part of the c ompens ation of the an alys t(s) was, is, or will be direc tl y or indirec tl y related to 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 taken reasonable car e to ac hi eve and maintain i ndependence and obj ecti vity in maki ng any rec ommendati ons . This document is for information onl y and for the use of the recipient. It is not to be repr oduced or copied or made available to others. Under no circumstanc es is it to be considered as an offer to s ell or solicitation to buy any s ecurity. Any r ecommendation c ontai ned in this report may not be s uitable for all investors. Mor eover, although the i nfor mation contained herein has been obtained from sources believed to be r eliabl e, its accurac y, c ompleteness and reli ability c annot be guaranteed. All rights res er ved by PT Samuel Sekuritas Indonesi a.
WSBP: Akan menggunakan 45% dana IPO PT Waskita Beton Precast, Tbk (WSBP) berencana menggunakan dana hasil IPO sekitar 45% untuk mendukung ekspansi usaha tahun ini. Dana setara Rp1.9tn akan digunakan untuk
belanja modal dengan target kontrak baru sekitar Rp1 2.3tn.
(Bisnis Indonesia). WSBP: Buy; 22.8x P/E17E dan 2.2x PBV 17E. JSMR: Menargetkan trafik 1,35 miliar kendaaraan di 2016, turun 2% y-y Di tahun 2016, PT Jasa Marga Tbk (JSMR) menargetkan volume lalu lintas sebanyak 1,35 miliar kendaraan, lebih rendah 2% y-y, lebih rendah 4% dari target semula sebesar 1,41 miliar. Hal ini disebabkan oleh kehilangan sumber pendapatan dari jalan tol Jakarta Outer Ring Road (JORR) Seksi S, yakni Pondok Pinang Jagorawi (tol TB Simatupang) yang kepemilikannya dialihkan ke PT Hutama Karya (Persero) sejak Maret 2016. (Kontan) JSMR: Buy; 17E’ PE: 16.1x, PBV: 2.2x. Semen: Presiden ingin semen satu harga Presiden Joko Widodo mengharapkan tambahan rute tol laut pada 2017 bisa menurunkan sejumlah harga barang di wilayah timur, salah satunya harga semen. Saat ini harga semen di pulau Jawa sekitar Rp 70.000/sak, sementara di Wamena, harga semen melambung menjadi Rp 800.000 – Rp 2,5 juta /sak. Untuk menurunkan biaya logistik dan disparitas harga di kawasan timur Indonesia, Menteri Perhubungan Budi Karya Sumadi mengatakan pemerintah menyiapkan Rp 150 miliar anggaran untuk mendanai program jembatan udara sebagai penunjang program tol laut. Pemerintah telah menyepakati penambahan trayek tol laut pada 2017 menjadi 13 trayek dari saat ini 6 trayek. (Bisnis Indonesia). Comment: Harga semen satu harga ini didukung oleh penambahan trayek dan alokasi anggaran pemerintah, sehingga kami melihat hal ini sebagai katalis positif untuk industri semen. Di 11M16, wilayah timur Indonesia (Sulawesi, Nusa Tenggara dan Maluku & Papua) berkontribusi sekitar 17% dari total permintaan domestik, dengan pertumbuhan volume sebesar 9% y-y. Masih mempertahankan underweight sembari menunggu realisasi dari kebijakan ini. Cement: Underweight. Plantation: Ekspor minyak sawit bisa tembus US$ 20.6 M Indonesia berpotensi mengekspor 27,5 juta ton minyak sawit dan produk turunannya tahun ini, naik 7,01% dari realisasitahun lalu yang mencapai 25,7 juta ton. produksi CPO diproyeksikan membaik tahun ini. Perbaikan terjadisebaga i dampak kondisi cuaca yang semakin mendukung setelah tertekan El Nino 2015 2016. Ekspor produk hilir sawit mendominasi hingga 75,6% dari total ekspor sawitIndonesia. Peningkatan ekspor produk hilir diyakini berlanjut tahun ini. (Investor Daily). Plantation: Overweight.
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Page 2 of 7
ANTM: Boost produksi dan penjualan Potensi kenaikan harga nikel ditanggapi positif oleh PT Antam (Persero) Tbk (ANTM). Terutama setelah Perusahaan merampungkandan menambah pengembanganuntuk komoditas nikel yang dikelola. Pada tahu2017 Antam menargetkan produksi nikel lebih tinggi dari tahun lalu hingga 24 ribu ton nikel dalam feronikel (TNi). (Investor Daily). ANTM: Buy; 17E’ PE: 123.6x, PBV: 1.1x. Perbankan: Aturan bunga deposito direncanakan berubah OJK berencana memperkecil jarak antara batas atas bunga deposito BUKU IV dan III. Saat ini jarak tersebut sebesar 25 bps dan akan diperkecil menjadi 10 -15 bps demi mencegah perang bunga deposito. OJK akan mempelajari situasi likuiditas dan kondisi pasar terlebih dahulu seperti efek dari dana repatriasi amnesti pajak dan rencana kenaikan suku bunga AS. Kalangan perbankan menilai, jarak antara BUKU III dan BUKU IV yang mengecil akan membuat dana pihak ketiga mengalir ke bank-bank BUKU IV dan menyebabkan penurunan likuiditas pada bank BUKU III. (Kontan) Banking: Neutral. Sektor Ritel: Kebut Ekspansi Meningkatkan jumlah gerai menjadi tema utama ekspansi bagi PT Kimia Farma (Persero) Tbk (KAEF) dan PT Fast Food Indonesia Tbk. (FAST) pada tahun ini, seiring dengan upaya perluasan jaringan distribusi untuk memacu kinerja usaha. FAST akan mengalokasikan dana sebesar Rp350 miliar pada tahun ini untuk penambahan 30 gerai pada 2017 dan perluasan jaringan distribusi, sedangkan KAEF akan menambah minimal 100 apotek pada 2017, dengan investasi Rp200 miliar. (Bisnis Indonesia). Sektor Ritel: Overweight.
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Page 3 of 7
Ticker
Rec.
JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons (%)
(Rp)
(%)
(%)
PE
PBV
ROE
EV/EBITDA (x)
TP SSI
Upside
(%)
(%)
(Rp)
(Rp)
(%)
16E
17E
16E
17E
16E
17E
16E
17E
Banks BMRI
BUY
4.6
11400
1.1
0.88
3.9
(1.5)
11161
12400
8.8
15.2
11.9
1.7
1.6
11.3%
13.1%
n/a
n/a
BBCA
BUY
6.5
15400
0.3
(2.38)
4.8
(0.6)
16403
17100
11.0
19.5
16.4
3.4
2.9
17.6%
17.9%
n/a
n/a
BBRI BBNI
BUY BUY
5.0 1.8
11800 5600
0.4 0.9
(0.84) 2.28
2.8 2.3
1.1 1.4
12949 6379
13700 6300
16.1 12.5
11.2 9.9
9.6 8.1
2.0 1.2
1.7 1.1
17.9% 12.2%
18.1% 13.4%
n/a n/a
n/a n/a
BBTN
BUY
0.3
1835
0.8
7.94
6.1
5.5
2082
2300
25.3
Average
8.3
7.0
1.0
0.9
12.4%
13.1%
n/a
n/a
12.8
10.6
1.9
1.6
14.3%
15.1%
n/a
n/a 17.5
Consumer (Staples) ICBP
BUY
1.8
8775
(0.3)
2.03
(0.8)
2.3
10125
10300
17.4
27.5
24.6
5.8
5.1
21.0%
20.8%
20.6
INDF
BUY
1.2
7975
1.9
3.24
(0.9)
0.6
9946
9900
24.1
17.8
15.0
2.3
2.1
13.2%
14.2%
9.5
8.5
KLBF
BUY
1.3
1550
0.6
2.65
(1.6)
2.3
1752
1700
9.7
32.3
28.7
6.2
5.5
19.1%
19.0%
22.2
18.6
ROTI
BUY
0.1
1655
(1.5)
4.42
9.6
3.4
1763
2000
20.8
31.2
23.3
5.9
4.9
18.9%
21.1%
14.5
12.8
ULTJ
BUY
0.2
4450
(1.1)
(2.63)
(3.3)
(2.6)
2703
5300
19.1
20.4
16.7
3.8
3.2
18.7%
18.9%
12.8
11.0
UNVR
BUY
5.3
40100
(0.1)
3.28
(3.3)
3.4
44027
45200
12.7
47.9
42.8
57.0
49.9
118.9% 116.6%
33.4
30.6
SIDO
BUY
0.1
525
(0.9)
2.94
(3.7)
1.0
670
700
33.3
16.4
14.6
2.9
2.8
17.7%
18.9%
7.4
5.9
AISA Average
BUY
0.1
1995
0.8
1.01
(0.3)
2.6
2399
2440
22.3
16.0 27.6
12.2 23.7
1.7 12.0
1.5 10.5
10.7% 32.5%
12.2% 32.8%
14.2 17.2
12.8 15.0
BUY
8.0
3950
(0.5)
3.95
(0.8)
3.1
4222
4390
11.1
38.8
34.7
12.9
11.7
33.3%
33.8%
27.8
25.1
BUY
2.1
63000
(0.9)
(0.47)
(5.9)
(1.4)
77997
77150
22.5
18.5 28.7
17.8 26.3
2.8 7.9
2.5 7.1
15.2% 24.2%
14.1% 24.0%
12.1 19.9
11.1 18.1
Cigarette HMSP GGRM Average
Healthcare MIKA HOLD
0.6
2500
0.0
0.81
(1.6)
(2.7)
3084
2950
18.0
54.6
48.0
10.1
9.2
18.5%
19.1%
29.3
26.4
SILO Average Retail
BUY
0.3
11500
(1.1)
2.68
12.2
5.5
11262
12500
8.7
153.4 104.0
120.8 84.4
6.2 8.2
5.6 7.4
4.1% 11.3%
4.7% 11.9%
22.7 26.0
18.6 22.5
MAPI RALS
BUY BUY
0.2 0.2
5275 1225
0.0 (2.0)
1.93 4.70
2.4 2.5
(2.3) 2.5
5659 1474
6700 1500
27.0 22.4
46.7 22.3
27.5 18.8
2.7 2.4
2.5 2.3
5.8% 11.0%
9.0% 12.1%
8.9 18.1
7.1 16.9
ACES LPPF
BUY BUY
0.2 0.8
765 15675
(2.5) 0.6
(5.56) 4.15
(9.5) 1.8
(8.4) 3.6
973 19771
1000 21300
30.7 35.9
21.3 21.5
19.6 19.0
4.5 21.0
4.1 13.5
21.2% 97.7%
20.7% 71.2%
14.6 14.2
12.8 12.7
27.9
21.2
7.7
5.6
33.9%
28.3%
13.9
12.4
Average Telco EXCL ISAT TLKM
HOLD BUY BUY
0.5 0.6 7.0
2670 6050 4000
1.1 (0.4) (0.5)
17.11 12.2 (3.97) (3.6) 1.27 1.0
15.6 (6.2) 0.5
3116 7614 4775
2200 7200 5000
-17.6 19.0 25.0
333.8 40.6 20.4
46.0 18.7 16.7
1.3 2.4 4.6
1.3 2.2 4.0
0.4% 6.0% 22.3%
2.8% 11.7% 24.0%
5.6 4.0 7.8
4.9 3.6 7.1
TOWR Average
BUY
0.6
3500
0.0
(2.23)
(2.8)
(2.2)
4750
4500
28.6
11.5 101.6
10.2 22.9
3.3 2.9
2.5 2.5
28.8% 0.1
24.5% 0.2
8.4 6.5
7.7 5.8
Auto and HE ASII BUY
5.8
8200
0.6
-
4.8
(0.9)
8813
9000
9.8
18.0
14.8
3.0
2.6
16.7%
17.2%
15.1
14.6
BUY
1.4
21950
0.2
4.52
(3.7)
3.3
24131
25050
14.1
18.9 18.5
15.9 15.4
2.0 2.5
1.9 2.2
10.7% 13.7%
11.9% 14.6%
5.3 10.2
4.6 9.6
BUY
0.2
338
(0.6)
(0.59) (10.1)
0.0
395
445
31.7
17.8
13.0
0.7
0.9
3.8%
7.1%
1.0
3.2
BSDE PWON
BUY HOLD
0.6 0.5
1740 580
(3.1) (0.9)
0.58 -
(4.1) (10.1)
(0.9) 2.7
2369 720
2350 710
35.1 22.4
13.6 20.8
11.1 19.3
1.5 3.5
1.3 3.1
11.1% 16.8%
11.8% 15.8%
10.1 8.3
8.8 7.2
KPIG ASRI
BUY HOLD
0.2 0.1
1450 374
(3.3) 0.0
(2.68) 4.47
(3.0) (4.1)
(3.3) 6.3
n/a 435
1810 390
24.8 4.3
33.7 11.7
28.4 11.0
1.2 1.0
1.2 1.0
3.5% 9.0%
4.1% 8.8%
n/a 5.9
n/a 5.1
SMRA Average
BUY
0.3
1325
(3.6)
1.15
(10.5)
0.0
1679
1750
32.1
29.1 18.8
27.3 17.2
2.5 2.1
2.3 1.9
8.5% 11.4%
8.4% 11.2%
9.1 8.3
8.2 7.3
Construction PTPP BUY ADHI BUY
0.4 0.1
3760 2240
0.3 3.7
1.90 8.21
(5.3) 2.8
(1.3) 7.7
5016 2561
5100 2750
35.6 22.8
23.0 16.8
19.8 13.9
3.2 1.5
2.9 1.3
13.9% 8.9%
14.4% 9.5%
12.4 6.4
10.8 5.6
0.6 0.4
2580 2530
1.6 4.5
1.57 5.42
0.4 0.8
1.2 7.2
3277 3053
3250 3000
26.0 18.6
20.1 22.0
16.4 18.6
1.9 2.5
1.6 2.1
9.2% 11.2%
9.9% 11.4%
22.3 13.2
19.0 11.4
20.5
17.2
2.3
2.0
10.8%
11.3%
13.6
11.7
UNTR Average Aviation GIAA Property
WSKT WIKA
BUY BUY
Average Cement INTP SMGR
SELL HOLD
1.0 0.9
15250 9125
(1.3) 0.0
SMCB SMBR Average
SELL HOLD
0.1 0.4
900 2370
(0.6) 0.0
Precast WSBP
BUY
0.3
580
1.8
6.42
(1.7)
NA
WTON
BUY
0.1
850
2.4
4.29
(1.2)
3.0
Average
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(0.33) 0.27
(6.2) (1.9)
(1.0) (0.5)
16253 10214
13500 9000
-11.5 -1.4
13.6 13.9
13.3 13.4
2.1 1.9
1.9 1.7
15.6% 13.7%
14.4% 12.9%
7.1 5.5
6.0 4.5
(0.55) (7.2) (12.22) (10.9)
0.0 (15.1)
887 861
700 2300
-22.2 -3.0
-90.0 71.8 2.3
-37.5 62.4 12.9
0.8 7.1 3.0
0.8 6.2 2.7
-0.9% 9.9% 0.1
-2.3% 10.0% 0.1
9.9 49.1 17.9
8.1 44.2 15.7
693
690
19.0
28.6
22.8
2.4
2.2
8.4%
9.6%
23.0
18.0
1102
1150
35.3
26.4
20.1
2.7
2.2
10.2%
10.9%
19.3
15.0
27.5
21.4
2.6
2.2
9.3%
10.2%
21.1
16.5
Page 4 of 7
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
Upside (%)
PE
PBV
ROE
EV/EBITDA (x)
16E
17E
16E
17E
16E
17E
16E
17E
1.2 0.5
2740 4260
(0.7) (0.5)
(2.84) (1.39)
(3.5) (2.3)
1.5 (1.4)
3125 5633
3375 5000
23.2 17.4
11.8 16.3 14.0
9.8 16.1 12.9
1.4 2.5 2.0
1.3 2.2 1.8
12.3% 15.3% 13.8%
13.5% 13.9% 13.7%
7.7 10.5 9.1
6.8 10.1 8.4
0.4 0.5 0.1 0.3 0.9 0.5
865 2880 1110 15775 1685 12050
1.2 1.1 1.4 (2.8) (2.0) 0.2
(2.26) (8.5) 3.60 (13.0) 0.45 (10.5) (8.82) (4.7) (3.16) 0.3 (5.68) (5.1)
(3.4) 2.1 3.3 (6.5) (0.6) (3.6)
837 3123 1189 18207 1828 14168
990 3500 1200 19000 2100 15000
14.5 21.5 8.1 20.4 24.6 24.5
432.5 221.5 111.0 13.3 15.0 20.2 135.6
123.6 31.3 52.9 6.8 12.8 12.4 40.0
1.1 1.2 1.6 1.5 1.1 2.8 1.6
1.1 1.2 1.5 1.3 1.1 2.5 1.4
0.3% 0.5% 1.4% 11.3% 7.6% 14.1% 5.9%
0.9% 3.7% 2.9% 19.6% 8.5% 19.9% 9.2%
35.5 14.8 8.3 5.9 9.9 15.2 14.9
28.2 9.6 7.2 6.5 8.7 9.4 11.6
0.6 0.2 0.1
16875 1720 500
1.0 3.3 0.0
1.66 (1.43) (0.99)
(3.3) (1.7) (1.0)
0.6 (1.1) 1.2
18043 1812 565
19800 2050 600
17.3 19.2 20.0
19.5 24.2 17.9 20.5
18.5 15.5 11.4 15.1
2.1 1.5 0.6 1.4
2.0 1.4 0.6 1.3
10.7% 6.3% 3.1% 6.7%
10.7% 9.1% 4.9% 8.2%
14.6 7.1 6.0 9.2
13.2 5.8 5.5 8.2
0.9 0.3 0.0
3130 1490 1240
(2.5) 1.7 0.0
(0.32) (1.65) (0.40)
(0.9) (9.7) (4.2)
1.3 2.4 (4.6)
3606 2316 1904
4500 2200 1730
43.8 47.7 39.5
14.8 9.0 7.3 10.3
13.2 8.2 6.7 9.4
1.9 1.9 1.2 1.7
1.7 1.5 1.0 1.4
13.0% 20.7% 16.3% 16.7%
12.8% 18.7% 15.6% 15.7%
12.2 8.1 10.2 10.2
11.2 10.9 8.5 10.2
0.4 0.1
6250.0 535.0
5.0 -0.9
7.3 1.9
-2.3 0.9
4.2 4.9
7443.8 na
7600 850
21.6 58.9
22.4 9.6 16.0
20.0 5.0 12.5
3.6 2.7 3.2
3.2 1.8 2.5
16.2% 28.7% 22.5%
16.3% 35.9% 26.1%
14.7 4.5 9.6
11.9 4.1 8.0
Average Source: SSI Research, Bloomberg Note: GIAA, PGAS, ITMG, ADRO, INCO, DOID report in USD.
www.samuel.co.id
TP SSI (Rp)
Page 5 of 7
Regional Indices
1D Change Points
World
2.68
Last Price 1,780
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
0.15
(0.20)
0.32
1.11
3.51
1.62
13.97
1,784
1,460
U.S. (S&P)
0.00
2,269
0.00
(0.00)
0.49
0.41
6.19
1.34
17.95
2,282
1,810
U.S. (DOW) Europe
(31.85) (2.76)
19,856 3,306
(0.16) (0.08)
(0.22) (0.31)
(0.13) (0.27)
0.50 3.40
9.53 9.45
0.47 0.48
21.08 9.21
20,000 3,334
15,451 2,673
Emerging Market
7.26
886
0.83
0.45
1.99
0.89
(3.59)
2.72
19.68
930
687
FTSE 100
37.70
7,275
0.52
1.11
1.36
4.62
2.89
1.86
n/a
7,285
5,500
CAC 40
0.66
4,888
0.01
(0.25)
(0.23)
2.61
9.31
0.53
13.34
4,930
3,892
Dax
19.31
11,583
0.17
(0.01)
(0.01)
3.39
9.51
0.89
17.90
11,637
8,699
Indonesia
(6.44)
5,310
(0.12)
(0.29)
0.64
0.03
(1.34)
0.25
18.91
5,492
4,409
Japan
55.83
19,357
0.29
(0.84)
1.27
1.90
13.70
1.27
9.38
19,615
14,864
Australia
24.60
5,785
0.43
0.52
0.85
4.04
5.57
2.11
17.30
5,828
4,707
Korea
9.90
2,055
0.48
0.29
0.46
1.50
1.14
1.41
8.45
2,074
1,818
Singapore
24.48
3,006
0.82
1.76
3.69
1.69
5.25
4.35
10.97
3,006
2,528
Malaysia
4.15
1,672
0.25
0.74
2.23
1.87
0.20
1.85
2.10
1,729
1,601
186.16
22,745
0.83
1.28
2.68
(0.07)
(3.42)
3.38
14.36
24,364
18,279
China Taiwan
(9.57) 7.22
3,162 9,350
(0.30) 0.08
(0.12) (0.09)
0.82 0.83
(2.20) (0.46)
3.15 1.41
1.87 1.04
4.81 20.05
3,301 9,430
2,638 7,628
Thailand Philipines
8.02 88.00
1,572 7,364
0.51 1.21
0.07 2.15
1.89 7.33
3.00 4.56
9.01 (2.08)
1.89 7.66
27.35 17.11
1,576 8,118
1,221 6,084
1D Change Points
Last Price
(0.00) n/a
4.17 116.36
n/a
Hong Kong
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 Japan
(57.00) 0.04
UK Euro China Commodities Indicators Spot Oil
Change (%)
1 Year
1W
1M
3M
YTD
1YR
High
Low
(1.61) n/a
(6.98) 4.39
(1.58) 0.60
(1.48) 9.85
(27.79) 9.85
5.80 116.36
4.17 102.13
0.42
n/a
(10.64)
90.91
(56.25)
(56.25)
0.69
(0.45)
0.75 7.73
0.00 (1.43)
50.00 0.90
50.00 8.37
0.00 (3.05)
50.00 (11.95)
0.75 8.83
0.50 6.77
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
13308 115.81
0.43 (0.03)
0.50 1.04
1.29 1.24
0.15 (0.68)
1.24 0.99
1.24 0.99
4.25 1.68
13,969 121.69
12,920 99.02
0.00 0.00
1.22 1.06
0.07 0.02
(0.83) 0.23
(1.12) 0.64
(3.90) (0.74)
(1.26) 0.37
(1.26) 0.37
(16.21) (2.79)
1.50 1.16
1.18 1.03
(0.02)
6.92
0.23
(0.65)
0.61
(0.21)
0.34
0.34
(5.06)
6.96
6.45
1D
3D
1W
1M
3M
YTD
1YR
High
Low
(1.05)
0.33
(5.14)
62.24
55.24
26.05
1D Change Points
Last Price
Change (%)
1 Year
0.14
50.96
0.28
(5.61)
(4.32)
CPO
(23.00)
3,034.00
(0.75)
(0.52)
(2.19)
(0.43)
19.12
(2.41)
21.70
3,202.00
2,172.00
Rubber
11.50
1,003.00
1.16
1.88
1.98
14.50
48.81
2.61
95.33
1,003.00
514.50
Coal
(0.55)
80.60
(0.68)
(4.56)
(10.19)
1.07
(1.53)
(14.89)
55.45
112.25
51.75
Iron Ore
(0.42)
78.37
(0.53)
0.50
0.40
(2.35)
35.66
0.40
78.52
83.70
40.60
Tin
15.00
21,175.00
0.07
0.10
0.38
0.52
4.96
(0.14)
54.13
21,945.00
13,223.80
Nickel
225.00
10,615.00
2.17
3.11
7.11
(7.45)
0.90
5.94
24.01
12,145.00
7,550.00
Copper
167.00
5,758.00
2.99
3.19
4.69
(1.17)
18.76
4.02
28.38
6,045.50
4,318.00
2.50
1,188.00
0.21
1.24
1.95
2.36
(5.28)
3.30
8.37
1,377.50
1,071.10
Gold
Source: SSI Research, Bloomberg
www.samuel.co.id
Page 6 of 7
Research Team Andy Ferdinand, CFA
[email protected]
+6221 2854 8148
Rangga Cipta
Head Of Equity Research,Strategy, Banking, Consumer Economist
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+6221 2854 8396
Muhamad Makky Dandytra, CFTe
Technical Analyst
[email protected]
+6221 2854 8382
Akhmad Nurcahyadi, CSA
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+6221 2854 8144
Arandi Ariantara
Auto, Aviation, Cigarette, Construction Healthcare, Heavy Equipment, Property 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]
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Adde Chandra Kurniawan
Research Associate
[email protected]
+6221 2854 8338
[email protected]
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Muhamad Alfatih CSA, CTA, CFTe
Head of PWM / Head of Institutional Marketing 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]
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Wahyudi Budiono
Dealer
[email protected]
+6221 2854 8152
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]
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James Wihardja
Equity Sales
[email protected]
+6221 2854 8397
Joseph Soegandhi
Equity Sales
[email protected]
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Dian Anggraeni
Equity Sales
[email protected]
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Sylviawati
Equity Sales
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+6221 2854 8112
Verawati Gunawan
Equity Sales
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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
Nugroho Nuswantoro
Head Of Marketing OLT
[email protected]
+6221 2854 8372
Wahyu Widodo
Marketing
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Rina Lestari
Customer Service
[email protected]
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Martha Lamtiurma Tampubolon
Customer Service
[email protected]
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Mohamad Andhika Prasetia
Customer Service
[email protected]
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Private Wealth Management Evelyn Satyono
Equity Sales Team
Online Trading Sales Team
DISCLAIMERS : 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 this 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.
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Page 7 of 7
