RISET SAHAM HARIAN Samuel Equity Research
Tuesday, 29 November 2016
Market Activity
IHSG berpeluang rebound hari ini
Tuesday, 29 Nov 2016 Market Index Index Movement Market Volume Market Value
: : : :
Last Close
5,114.6 -7.5 (-0.15%) Mn shrs 4,050 5,327 Bn rupiah Changes +/%
Leading Movers ASII 7,825 SMGR 8,675 POWR 1,480 INTP 15,350
200 475 170 725
2.6 5.8 13.0 5.0
Lagging Movers BBRI 10,475 HMSP 3,870 BBCA 14,375 UNTR 21,500
-450 -40 -150 -400
-4.1 -1.0 -1.0 -1.8
Foreign Net Buy / Sell Net Buy (Rpbn) ADRO 56 PWON 30 LPPF 16 PPRO 14 SMGR 13
Changes +/% 20.0 -0.1 0.0 -
Dual Listing Securities Last Close TLKM 28.4 ISAT 40.0 EIDO 23.1
Changes +/% 0.1 0.2 -0.3 -0.6 -0.1 -0.6
World Indices Last Close 19,098 2,202 3,017 1,713 18,282 22,831
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.
bursa Jepang menunjukkan pelemahannya seiring penguatan Yen dan bayangan bahwa naiknya Donald Trump akan berdampak negatif pada kestabilan pasar keuangan di Asia. Untuk dalam
Last Close 48 3,077 92 11,594 21,255
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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
Changes +/-54 -12 -32 -8 -75 107
% -0.3 -0.5 -1.0 -0.5 -0.4 0.5
Commodities Brent Oil CPO Malay Coal Newc Nickel Tin
‘Trump Rally’ dan koreksi, di mana pasar di AS telah bergerak naik
negeri, IHSG pada perdagangan hari Senin kemarin ditutup Last Close 13,535 4.2 0.1
DJIA S&P 500 Euro Stoxx MSCI World Nikkei Hang Seng
Kami melihat penurunan tersebut lebih dikarenakan redanya euforia
Dari regional Asia, bursa utama dibuka cenderung mixed, dengan Net Sell (Rpbn) BBRI 145 TLKM 53 BUMI 42 BMRI 36 ASII 30
Money Market
USD/IDR JIBOR O/N Infl (MoM)
Bursa AS ditutup melemah pada penutupan perdagangan semalam.
Changes +/% 1.0 2.1 45.0 1.5 -0.3 -0.3 69.0 0.6 140.0 0.7
BBTN : Menargetkan pertumbuhan DPK 23%
ACES : Tambah gerai baru ke 11 tahun ini BUMI : Restrukturisasi utang BUMI dimulai
AISA : Perbesar bisnis beras premium
BMRI : Lebih optimis di tahun depan
CPO
: Produsen CPO Memburu Pasar Baru
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 analys 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.
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. BUMI: Restrukturisasi utang BUMI dimulai Kuasa Hukum PT Bumi Resources Tbk (BUMI) menyatakan PKPU telah diratifikasi 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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Page 2 of 7
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. BMRI: 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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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
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)
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
11.6
9.6
1.7
1.5
14.3%
15.1%
n/a
n/a 16.6
(7.9)
Average 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
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 AISA
BUY BUY
0.1 0.1
545 1870
(0.9) (1.8)
(5.2) (6.27) (13.8)
(0.9) 54.5
655 2410
730 2240
33.9 19.8
17.0 15.0
15.1 11.5
3.0 1.6
2.9 1.4
17.7% 10.7%
18.9% 12.2%
7.7 13.7
12.4
26.4
22.7
11.8
10.3
32.5%
32.8%
16.5
14.4
38.0 18.5 28.2
34.0 17.8 25.9
12.6 2.8 7.7
11.5 2.5 7.0
33.3% 15.2% 24.2%
33.8% 14.1% 24.0%
27.2 12.1 19.6
24.6 11.1 17.9
Average Cigarette HMSP GGRM Average
HOLD BUY
8.1 2.2
Healthcare MIKA HOLD SILO Average Retail MAPI
3870 62775
(1.0) 0.6
2.38 (0.36)
(3.0) (4.9)
2.9 14.1
4276 76631
4390 77150
13.4 22.9
6.2
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
BUY
0.2
10400
0.5
1.46
1.7
6.1
11872
12500
20.2
138.7 97.5
109.3 79.4
5.6 8.0
5.1 7.3
4.1% 11.3%
4.7% 11.9%
18.1 24.2
14.8 21.0
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 ACES
BUY BUY
0.1 0.3
1145 845
(3.0) 1.2
(4.98) (11.9) 1.20 (2.3)
77.5 2.4
1458 973
1570 960
37.1 13.6
20.8 23.5
17.6 21.7
2.3 4.7
2.1 4.0
11.0% 20.0%
12.1% 18.7%
16.6 16.2
15.6 14.3
LPPF Average Telco
BUY
0.8
14250
1.1
(3.06) (21.3)
(19.0)
20712
23150
62.5
17.3 26.2
14.9 19.9
19.1 7.1
12.3 5.2
110.6% 82.3% 36.8% 30.5%
12.9 13.5
11.5 12.0
EXCL ISAT
BUY HOLD
0.4 0.6
2040 6200
(4.7) 0.8
(9.33) (10.9) (0.40) (3.9)
(43.3) 12.7
3171 7673
4550 6600
123.0 6.5
255.0 38.0
26.2 16.8
1.0 2.5
1.0 2.2
0.4% 6.5%
3.7% 13.2%
4.9 4.1
4.3 3.6
TLKM Average
BUY
7.0
3840
0.3
(2.29)
(9.2)
24.2
4739
5000
30.2
19.6 104.2
16.0 19.7
4.4 2.6
3.8 2.3
22.3% 9.8%
24.0% 13.7%
7.5 5.5
6.9 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
BUY
1.5
21500
(1.8)
3.49
1.9
26.8
23806
25050
16.5
18.5 17.9
15.6 14.9
2.0 2.4
1.9 2.1
10.7% 13.7%
11.9% 14.6%
5.2 9.9
4.5 9.3
Aviation GIAA Property
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
BSDE PWON
HOLD HOLD
0.6 0.6
1680 695
(2.6) 0.0
(6.15) (22.6) 0.72 (4.1)
(6.7) 40.1
2428 761
2350 710
39.9 2.2
13.1 24.9
10.7 23.1
1.5 4.2
1.3 3.7
11.1% 16.8%
11.8% 15.8%
9.8 10.0
8.5 8.7
KPIG ASRI
BUY HOLD
0.1 0.1
1100 364
(1.8) (0.5)
(10.57) (22.0) (5.21) (17.6)
(22.0) 6.1
n/a 469
1810 438
64.5 20.3
25.6 11.4
21.6 10.5
0.9 1.0
0.9 0.9
3.5% 9.0%
4.1% 8.9%
n/a 5.8
n/a 5.0
SMRA Average
HOLD
0.4
1360
(0.7)
1.12
(19.8)
(17.6)
1786
1750
28.7
29.9 19.8
28.1 18.1
2.5 2.3
2.4 2.1
8.5% 11.4%
8.4% 11.3%
9.3 8.7
8.4 7.6
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
0.1 0.6 0.4
1830 2270 2330
(4.7) (3.4) (4.5)
(7.81) (16.8) (1.30) (13.4) (0.43) (4.7)
(14.5) 35.9 (4.7)
2786 3313 3172
2750 3250 3000
50.3 43.2 28.8
13.8 17.7 20.3
11.4 14.4 17.2
1.2 1.6 2.3
1.1 1.4 2.0
8.9% 9.2% 11.2%
9.5% 9.9% 11.4%
5.0 19.6 12.2
4.4 16.7 10.5
18.9
15.9
2.1
1.9
10.8%
11.3%
11.7
10.1
15.6% 13.8%
14.4% 13.0%
7.1 5.2
6.0 4.3
UNTR Average
Construction PTPP BUY ADHI WSKT WIKA
BUY BUY BUY
Average Cement INTP SMGR
HOLD HOLD
1.0 0.9
15350 8675
5.0 5.8
2.68 2.36
(6.8) (13.0)
(31.2) (23.9)
16809 10778
18000 10000
17.3 15.3
13.7 13.1
13.4 12.6
2.1 1.8
1.9 1.6
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
19.0
15.2
1.6
1.4
10.7%
10.4%
7.5
6.2
Average Precast WSBP
BUY
0.3
555
(1.8)
(1.77)
WTON
BUY
0.1
805
(0.6)
(1.23) (11.0)
Average
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n/a
n/a
706
690
24.3
27.4
21.8
2.3
2.1
8.4%
9.6%
22.1
17.4
(2.4)
1113
1150
42.9
25.0
19.0
2.6
2.1
10.2%
10.9%
18.4
14.4
26.2
20.4
2.4
2.1
9.3%
10.2%
20.3
15.9
Page 4 of 7
Ticker Utility PGAS JSMR Average
Rec.
JCI Wgt Last price 1D Chg 5D Chg 1M Chg YTD Chg TP Cons (%) (Rp) (%) (%) (%) (%) (Rp)
BUY BUY
Coal and Metal ANTM BUY INCO HOLD TINS HOLD ITMG BUY ADRO BUY PTBA BUY Average Plantation AALI BUY LSIP BUY SIMP Average Poultry
BUY
Upside (%)
PE
PBV
ROE
EV/EBITDA (x)
16E
17E
16E
17E
16E
17E
16E
17E
1.1 0.5
2620 3910
0.4 (3.2)
9.17 1.2 (7.13) (14.2)
(4.6) (25.0)
2991 5989
3375 6500
28.8 66.2
0.0 14.9 7.5
0.0 14.8 7.4
0.0 2.3 1.1
0.0 2.1 1.0
12.3% 15.3% 13.8%
13.5% 13.9% 13.7%
7.3 9.5 8.4
6.4 9.2 7.8
0.4 0.6 0.2 0.3 1.0 0.5
985 3500 1245 15800 1680 11550
2.1 3.9 0.8 (4.0) 2.4 (2.1)
10.67 12.90 12.16 7.48 9.80 3.82
13.9 33.1 40.7 9.0 6.3 (4.0)
213.7 114.1 146.5 176.0 226.2 155.2
816 2401 848 17759 1818 14337
840 2800 850 19000 2100 15000
-14.7 -20.0 -31.7 20.3 25.0 29.9
492.5 265.2 124.5 15.0 15.0 19.3 155.2
140.7 37.9 59.3 5.4 12.5 11.9 44.6
1.3 1.5 1.8 1.5 1.1 2.7 1.6
1.3 1.4 1.7 1.2 1.1 2.4 1.5
0.3% 0.6% 1.4% 9.9% 7.6% 14.1% 5.6%
0.9% 3.7% 2.9% 22.4% 8.6% 19.9% 9.7%
39.2 17.6 9.3 5.8 9.8 14.6 16.0
31.2 11.4 8.1 6.4 8.6 9.0 12.5
0.6 0.2
16850 1775
1.4 1.7
11.04 10.94
8.5 17.9
11.6 34.5
17766 1706
17000 1830
0.9 3.1
19.5 25.0
18.5 16.0
2.1 1.6
2.0 1.5
10.7% 6.3%
10.7% 9.1%
14.6 7.4
13.2 6.1
0.1
510
0.0
2.82
2.0
53.6
530
600
17.6
18.2 20.9
11.6 15.4
0.6 1.4
0.6 1.3
3.1% 6.7%
4.9% 8.2%
6.0 9.3
5.6 8.3
27.7 149.6 (14.8)
3904 2309 2108
4800 2240 2280
44.6 41.3 75.4
15.7 9.5 7.6 10.9
14.0 8.7 7.0 9.9
2.0 2.0 1.2 1.8
1.8 1.6 1.1 1.5
13.0% 20.7% 16.3% 16.7%
12.8% 18.7% 15.6% 15.7%
12.9 8.6 10.6 10.7
11.7 11.3 8.7 10.6
-10.1
7350.0
6900
7.0
23.1
20.6
3.8
3.3
16.2%
16.3%
15.1
12.2
BUY 1.0 3320 1.5 0.91 (10.3) CPIN BUY 0.3 1585 (5.7) (9.17) (18.7) JPFA BUY 0.1 1300 0.4 (1.89) (26.1) MAIN Average Other Sectors HOLD 0.5 6450.0 -3.0 -6.9 -4.4 AKRA Source: SSI Research, Bloomberg Note: GIAA, PGAS, ITMG, ADRO, INCO report in USD.
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TP SSI (Rp)
Page 5 of 7
Regional Indices
1D Change Points
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
1,713
(0.46)
(0.02)
(0.01)
1.30
(0.73)
3.02
0.75
1,750
1,460
World
(7.86)
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) Europe
(54.24) (31.58)
19,098 3,017
(0.28) (1.04)
0.39 (0.51)
1.22 (0.53)
5.16 (2.03)
3.22 0.61
9.60 (7.67)
7.30 (13.53)
19,152 3,524
15,451 2,673
Emerging Market FTSE 100
7.39
863
0.86
0.85
1.86
(4.46)
(3.66)
8.69
4.45
930
687
(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 Taiwan
15.06 63.17
3,277 9,222
0.46 0.69
1.11 0.48
1.83 2.00
5.56 (0.91)
6.74 1.23
(7.41) 10.60
(4.64) 9.81
3,685 9,400
2,638 7,628
Thailand Philipines
0.38 (64.38)
1,501 6,825
0.03 (0.93)
0.30 (0.16)
1.52 (2.20)
0.42 (7.82)
(2.81) (13.00)
16.52 (1.82)
10.10 (1.47)
1,558 8,118
1,221 6,084
1D Change Points
Last Price
0.00 n/a
4.20 115.04
n/a
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
20.00 (0.03)
UK Euro China Commodities Indicators
Change (%)
1 Year
1W
1M
3M
YTD
1YR
High
Low
0.00 n/a
1.12 (0.55)
(1.79) 3.26
(44.68) 8.60
(28.21) 14.22
8.26 115.67
4.20 100.24
0.14
n/a
(36.36)
(79.71)
(85.42)
275.00
0.96
(0.45)
0.50 8.26
0.00 4.09
0.00 13.30
0.00 15.76
0.00 (5.59)
100.00 (4.21)
0.50 9.11
0.25 6.77
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
13535 111.91
(0.15) 0.03
(0.38) 1.27
(0.83) (0.69)
(3.58) (6.34)
1.87 7.43
1.87 7.43
2.26 10.01
14,095 123.67
12,920 99.02
0.00 0.00
1.24 1.06
0.00 0.02
(0.28) 0.59
(0.06) (0.10)
1.42 (3.32)
(15.74) (2.26)
(15.74) (2.26)
(17.53) 0.48
1.52 1.16
1.18 1.05
(0.00)
6.92
0.06
0.05
(0.33)
(1.97)
(6.10)
(6.10)
(7.47)
6.92
6.39
1D
3D
1W
1M
3M
YTD
1YR
High
Low
1D Change
Last Price
Change (%)
1 Year
Spot
Points
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
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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Muhamad Makky Dandytra, CFTe
Technical Analyst
[email protected]
+6221 2854 8382
Akhmad Nurcahyadi, CSA
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Arandi Ariantara
Auto, Aviation, Cigarette, Construction Healthcare, Heavy Equipment, Property Cement, Telecommunication, Utility
[email protected]
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Marlene Tanumihardja
Poultry, Retail, Small Caps
[email protected]
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Sharlita Lutfiah Malik
Mining, Plantation
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Adde Chandra Kurniawan
Research Associate
[email protected]
+6221 2854 8338
[email protected]
+6221 2854 8380
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]
+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]
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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]
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Bismar Ferryaman
Dealer
[email protected]
+6221 2854 8368
Nugroho Nuswantoro
Head Of Marketing OLT
[email protected]
+6221 2854 8372
Wahyu Widodo
Marketing
[email protected]
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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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