RISET SAHAM HARIAN Samuel Equity Research
Friday, 02 December 2016
Market Activity
IHSG minim katalis
Friday, 02 Dec 2016 Market Index Index Movement Market Volume Market Value
: : : :
Last Close
5,198.8 +49.8 (+1.0%) Mn shrs 4,050 5,327 Bn rupiah Changes +/%
Di tengah minimnya katalis dan berlanjutnya kekhawatiran seputar peraturan pajak dan regulasi perdagangan pasca terpilihnya DT serta kenaikan suku bunga The Fed, ketiga indeks acuan AS semalam ditutup mixed. Rally saham berbasis keuangan telah tergantikan oleh tekanan jual
Leading Movers UNVR 41,925 TLKM 3,860 ASII 7,700 BBCA 14,500
1400 80 150 270
3.5 2.1 2.0 1.9
yang terjadi pada saham berbasis teknologi. Dari update data terkini ISM
Lagging Movers TOWR 3,850 INTP 15,600 JPFA 1,570 MYRX 155
-140 -375 -100 -13
-3.5 -2.3 -6.0 -7.7
tercatat pada level yang tidak mengejutkan pelaku pasar. Investor kini
Foreign Net Buy / Sell Net Buy (Rpbn) BBRI 156 BMRI 123 KLBF 45 BBNI 37 UNTR 35
sebelumnya, sedangkan angka initial dan continuing claims masih mampu tengah menanti rilisnya data payrolls. Dari pasar Eropa indeks tercatat turun seiring dengan fokus investor pada
Net Sell (Rpbn) TBIG 60 TLKM 43 PWON 38 ASII 35 BBCA 30
Money Market Last Close 13,553 4.2 0.5
Changes +/% 0.0 0.0 0.0 -
Dual Listing Securities Last Close TLKM 27.9 ISAT 42.0 EIDO 23.4
Changes +/% -0.2 -0.7 1.6 3.9 0.0 0.2
USD/IDR JIBOR O/N Infl (MoM)
manufacturing dilaporkan sebesar 53.2 atau lebih baik dari 51.9 di bulan
perkembangan politik di Italy. Pasar juga tengah melakukan kalkulasi atas dampak yang ditimbulkan dari keputusan pemotongan produksi oleh OPEC. Dari pasar komoditas harga minyak dan emas tercatat naik. Sementara itu, dari pasar APAC, sebagian besar indeks dibuka melemah. Kami memperkirakan IHSG akan cenderung bergerak melemah. Aksi damai yang dilakukan hari ini kami lihat akan menjadi salah satu sentimen penggerak indeks, selain trend pelemahan nilai tukar rupiah (meskipun cukup stabil selama sepekan terakhir) dan angka inflasi yang dilaporkan kemarin. Pasar juga menanti rilisnya data foreign reserves sebagai sebuah informasi sekaligus perkiraan (guidance) terhadap sejauh apa intervensi untuk menjaga rupiah telah dilakukan.
World Indices
DJIA S&P 500 Euro Stoxx MSCI World Nikkei Hang Seng
Last Close 19,192 2,191 3,031 1,709 18,438 22,878
Changes +/68 -8 -21 -3 -75 88
% 0.4 -0.4 -0.7 -0.2 -0.4 0.4
Commodities Brent Oil CPO Malay Coal Newc Nickel Tin
Last Close 54 3,065 82 11,185 21,315
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Changes +/% 2.1 4.1 7.0 0.2 -0.6 -0.7 -41.3 -0.4 -5.0 0.0
Highlights
JSMR: Garap Kediri – Kertosono, sepanjang 27,9 km WIKA: Kerjakan proyek dari pertamina
PTPP: Siapkan capex Rp26tn ACES: Membidik pertumbuhan 7% di 2017
BEI: Batas harga bawah saham direncanakan dihapus Mining: Revisi Pelonggaran Ekspor Dikebut
Perbankan: GWM averaging diterapkan bertahap
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.
JSMR: Garap Kediri – Kertosono, sepanjang 27,9 km Menteri Pekerjaan Umum dan Perumahan Rakyat (PUPR) menerbitkan surat terkait dengan penambahan lingkup tugas bai PT Jasa Marga Tbk (JSMR), yaitu ruas Kediri – Kertosono sepanjang 27,9 km. Investasi ruas tol ini akan dibebankan dalam ruas Ngawi – Kertosono. Pembangunan ruas tol Kediri – Kertosono diharapkan dapat membantu akses wisatawan menuju destinasi wisata yang ada di bagian Selatan Trans-Jawa. (Bisnis Indonesia) JSMR: Buy; 17E’PE:15.7x, PBV: 2.2x. WIKA: Kerjakan proyek dari pertamina PT Wijaya Karya, Tbk (WIKA) telah ditetapkan sebagai kontraktor pengerjaan persiapan lokasi proyek dan pembangunan jetty senilai Rp552miliar untuk proyek refinery development master plan (RDMP) kilang Balikpapan. Proyek yang harus dikerjakan meliputi penyiapan lahan area pembangunan kilang seluas 75ha, pembangunan jetty dengan kapasitas 6.500 DWT, untuk keperluan bongkar muat, pembangunan prasarana jalan, gedung serta peralatan kepelabuhan. Adapun RDMP kilang Balikpapan ditargetkan siap beroperasi pada 2019. ( Investor Daily). WIKA. Buy 18.7.6x P/E17E dan 2.9x PBV 17E. PTPP: Siapkan capex Rp26tn PT Pembangunan Perumahan, Tbk (PTPP) mengalokasikan belanja modal sebesar Rp26tn atau naik 550% dari realisasi capex tahun ini. Adapun jumlah tersebut merupakan bagian dari total investasi Rp174tn selama empat tahu n mendatang. Sebanyak 40% rencananya akan digunakan untuk divisi usaha energy, 18% untuk residential dan sisanya 42% akan digunakan untuk infrastruktur yang terkait pelabuhan. PTPP juga teteap pada rencananya untuk melakukan IPO anak usahanya, PT PP Peralatan, PT PP Precast dan PT PP Energi, dengan perkiraan total dana yang akan diperoleh sebesar Rp10tn. (Investor Daily). PTPP: Buy; 22.1x P/E17E dan 3.2x PBV 17E. ACES: Membidik pertumbuhan 7% di 2017 PT Ace Hardware Indonesia Tbk. (ACES) optimis menatap prospek pertumbuhan bisnis tahun depan. Direktur perseroan, Hartanto Djasman menargetkan pendapatan dan laba tumbuh sebesar 7%. Lewat pertumbuhan pendapatan dan laba di level yang sama, ACES berniat menjaga marjin laba di level 10 – 11%. ACES pun akan melanjutkan ekspansi penambahan gerai baru, di mana 10 gerai ditargetkan pada 2017 mendatang. (Kontan). ACES: Buy, 17E’PE:21.8x, PBV: 4.5x.
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Page 2 of 7
BEI: Batas harga bawah saham direncanakan dihapus Sinyal penghapusan batas bawah harga saham (Rp 50) semakin kuat, dimana direncanakan akan dimulai pada 1H17. Saat ini sedang dilakukan uji coba. Menuru t BEI, ketika aturan itu diterapkan, dampak ke indeks kecil, hanya 0,15% terhadap IHSG. Aturan baru ini dimaksudkan untuk membuat harga saham semakin sesuai dengan kondisi sesungguhnya. Hal ini juga bisa membuat saham lebih aktif diperdagangkan. APEI menilai, penghapusan saham gocap akan membuat MKBD sejumlah broker tergerus. Selain itu, sebagian investor yang bermain saham gocap juga mungkin akan terganggu. (Kontan). Mining: Revisi Pelonggaran Ekspor Dikebut Kementerian
Energi dan
Sumber
Daya
Mineral (ESDM)
terus berusaha
merampungkan penerbitan revisi Peraturan Pemerintah Nomor 77 Tahun 2014. PP ini terkait kegiatan usaha mineral dan batubara (Minerba) terkait permohonan izin usaha pertambangan sebelum tanggal 12 Januari 2017. Tujuan revisi PP 77/2014 adalah demi kepastian investasi, serta azas keadilan bagi para perusahaan pertambangan maupun negara. (Kontan). Mining: Overweight. Perbankan: GWM averaging diterapkan bertahap BI berencana menerapkan skema GWM averaging pada 2H17 dimana bank tidak diberikan batas minimum berapa yang harus dipenuhi setiap harinya, asalkan memenuhi rasio GWM averaging yang ditetapkan pada akhir periode. Dalam waktu dekat akan dilakukan banyak sosialisasi terhadap rencana aturan baru ini. Kebijakan ini akan diterapkan secara bertahap dan akan diterapkan secara penuh rencananya pada 2H17. BBTN menilai kebijakan ini akan memberikan fleksibilitas bagi bank dalam hal likuiditas. Jika perlu likuiditas jangka pendek, dapat diambil dari GWM tanpa perlu meminjam di pasar. (Bisnis Indonesia) Banking: Neutral.
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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
4.3
10500
0.0
3.96
(8.7)
13.5
11106
10300
-1.9
14.0
10.9
1.6
1.4
11.3%
13.1%
n/a
n/a
BBCA
BUY
6.3
14500
1.9
(0.34)
(6.3)
9.0
16381
17100
17.9
18.3
15.4
3.2
2.8
17.6%
17.9%
n/a
n/a
BBRI
BUY
4.8
11050
1.4
(2.21) (10.9)
(3.3)
13025
13700
24.0
10.5
9.0
1.9
1.6
17.9%
18.1%
n/a
n/a
BBNI
BUY
1.7
5275
1.9
5.50
(4.5)
5.7
6376
6300
19.4
9.3
7.6
1.1
1.0
12.2%
13.4%
n/a
n/a
BBTN
BUY
0.3
1635
(0.9)
(0.91) (13.5)
26.3
2188
2300
40.7
7.4
6.2
0.9
0.8
12.4%
13.1%
n/a
n/a
11.9
9.8
1.7
1.5
14.3%
15.1%
n/a
n/a 17.2
Average Consumer (Staples) ICBP
BUY
1.8
8625
(0.3)
0.88
(5.7)
28.0
10267
10300
19.4
27.0
24.2
5.7
5.0
21.0%
20.8%
20.2
INDF
BUY
1.2
7700
1.7
3.36
(8.9)
48.8
9936
9900
28.6
17.1
14.5
2.3
2.1
13.2%
14.2%
9.3
8.3
KLBF
HOLD
1.3
1590
6.0
10.03
(7.6)
20.5
1736
1700
6.9
33.1
29.4
6.3
5.6
19.1%
19.0%
22.8
19.1
ROTI
BUY
0.1
1510
2.7
(1.63)
(5.9)
19.4
1754
2000
32.5
28.5
21.3
5.4
4.5
18.9%
21.1%
13.3
11.8
ULTJ UNVR
BUY HOLD
0.2 5.7
4600 41925
(1.1) 3.5
0.88 4.55
(5.2) (5.6)
16.6 13.3
5367 44665
5300 45200
15.2 7.8
21.1 50.1
17.3 44.8
3.9 59.6
3.3 52.2
18.7% 18.9% 13.3 118.9% 116.6% 35.0
11.4 32.0
SIDO AISA
BUY BUY
0.1 0.1
550
0.9 5.1
0.92 1.03
(2.7) (5.1)
0.0
655
730
2410
2240
17.1 15.7
15.3 12.1
3.0 1.7
2.9 1.5
17.7% 10.7%
18.9% 12.2%
6.2
62.4
32.7 14.0
7.8
1965
14.1
12.7
27.7
23.8
12.3
10.8
32.5%
32.8%
17.4
15.2
37.7 19.1 28.4
33.8 18.4 26.1
12.5 2.9 7.7
11.4 2.6 7.0
33.3% 15.2% 24.2%
33.8% 14.1% 24.0%
27.0 12.4 19.7
24.4 11.4 17.9
Average Cigarette HMSP GGRM Average
HOLD BUY
8.0 2.2
Healthcare MIKA HOLD SILO Average Retail MAPI
3840 65000
1.1 0.0
4.00
(4.0) (4.8)
2.1 18.2
4272 76447
4390 77150
14.3 18.7
0.7
2520
0.8
(5.62)
(9.4)
5.0
3142
2950
17.1
55.1
48.4
10.2
9.2
18.5%
19.1%
29.6
26.6
BUY
0.2
10750
2.4
6.57
9.0
11.5
11655
12500
16.3
143.4 99.2
112.9 80.6
5.8 8.0
5.3 7.3
4.1% 11.3%
4.7% 11.9%
18.8 24.2
15.3 21.0
HOLD
0.2
5225
(0.9)
7.73
(6.7)
37.7
5616
5500
5.3
46.2
27.2
2.7
2.5
5.8%
9.0%
8.8
7.0
RALS ACES
BUY BUY
0.1 0.3
1170 890
(1.7) 2.9
(0.85) (11.7) 6.59 4.7
81.4 7.9
1453 975
1570 960
34.2 7.9
21.3 24.7
18.0 22.8
2.3 4.9
2.2 4.3
11.0% 20.0%
12.1% 18.7%
17.1 17.1
16.0 15.2
LPPF Average Telco
BUY
0.7
14375
(0.2)
(0.17) (11.9)
(18.3)
20736
23150
61.0
17.4 27.4
15.1 20.8
19.2 7.3
12.4 5.3
110.6% 82.3% 36.8% 30.5%
13.0 14.0
11.6 12.5
EXCL ISAT
BUY HOLD
0.4 0.6
2220 6275
(3.5) (2.0)
2.78 2.87
2.8 (5.3)
(38.3) 14.1
3171 7673
4550 6600
105.0 5.2
277.5 38.5
28.5 17.1
1.1 2.5
1.1 2.3
0.4% 6.5%
3.7% 13.2%
5.1 4.1
4.4 3.7
TLKM Average
BUY
6.9
3860
2.1
1.31
(8.1)
24.9
4739
5000
29.5
19.7 111.9
16.1 20.5
4.4 2.7
3.9 2.4
22.3% 9.8%
24.0% 13.7%
7.6 5.6
6.9 5.0
Auto and HE ASII BUY
5.5
7700
2.0
2.33
(7.5)
28.3
8675
9000
16.9
16.9
13.9
2.8
2.4
16.7%
17.2%
14.4
13.8
BUY
1.5
22250
6.0
3.61
(0.1)
31.3
23939
25050
12.6
19.2 18.0
16.1 15.0
2.1 2.4
1.9 2.2
10.7% 13.7%
11.9% 14.6%
5.4 9.9
4.7 9.3
Aviation GIAA Property
HOLD
0.2
370
(3.1)
10.12
2.2
19.7
398
445
20.3
28.0
14.0
0.6
0.7
2.1%
4.7%
3.6
3.5
UNTR Average
BSDE
HOLD
0.6
1775
4.4
0.85
(15.5)
(1.4)
2431
2350
32.4
13.9
11.3
1.5
1.3
11.1%
11.8%
10.3
9.0
PWON
HOLD
0.6
665
(2.9)
(2.92)
(7.6)
34.1
756
710
6.8
23.9
22.1
4.0
3.5
16.8%
15.8%
9.5
8.3
KPIG ASRI
BUY HOLD
0.1 0.1
1155 368
5.0 (3.2)
3.13 (20.3) (1.08) (13.6)
(18.1) 7.3
n/a 473
1810 438
56.7 19.0
26.9 11.5
22.6 10.7
1.0 1.0
0.9 1.0
3.5% 9.0%
4.1% 8.9%
n/a 5.8
n/a 5.0
SMRA Average
HOLD
0.4
1385
(2.1)
4.92
(5.1)
(16.1)
1776
1750
26.4
30.4 19.9
28.6 18.2
2.6 2.3
2.4 2.0
8.5% 11.4%
8.4% 11.3%
9.4 8.7
8.5 7.7
0.4
4200
(1.2)
5.26
3.7
8.4
5371
5100
21.4
25.7
22.1
3.6
3.2
13.9%
14.4%
10.8
9.5
0.1 0.6 0.4
1885 2530 2410
(1.3) (0.8) (0.8)
(11.9) 51.5 (1.4)
2660 3313 3165
2750 3250 3000
45.9 28.5 24.5
14.2 19.7 20.9
11.7 16.1 17.8
1.3 1.8 2.4
1.1 1.6 2.0
8.9% 9.2% 11.2%
9.5% 9.9% 11.4%
5.2 21.9 12.6
4.6 18.6 10.9
20.1
16.9
2.3
2.0
10.8%
11.3%
12.6
10.9
15.6% 13.8%
14.4% 13.0%
7.3 5.6
6.2 4.6
Construction PTPP BUY ADHI WSKT WIKA
BUY BUY BUY
(3.33) (12.7) 10.48 (1.9) 2.12 4.9
Average Cement INTP SMGR
HOLD HOLD
1.0 1.0
15600 9250
(2.3) 4.2
9.09 14.91
(4.6) (2.1)
(30.1) (18.9)
16487 10647
18000 10000
15.4 8.1
13.9 14.0
13.6 13.4
2.2 1.9
2.0 1.7
SMCB
SELL
0.1
910
(1.6)
2.82
(3.2)
(8.5)
912
920
1.1
29.8
19.3
0.8
0.7
2.6%
3.9%
10.0
8.1
19.2
15.5
1.6
1.5
10.7%
10.4%
7.6
6.3
Average Precast WSBP
BUY
0.3
570
(0.9)
1.79
n/a
n/a
706
690
21.1
28.1
22.4
2.4
2.1
8.4%
9.6%
22.7
17.7
WTON
BUY
0.1
840
4.3
3.07
(2.3)
1.8
1129
1150
36.9
26.1
19.8
2.7
2.2
10.2%
10.9%
19.1
14.9
27.1
21.1
2.5
2.2
9.3%
10.2%
20.9
16.3
Average
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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
1.2 0.5
2710 4160
2.3 0.2
8.84 2.20
10.2 (9.2)
(1.3) (20.2)
2991 5958
3375 6500
24.5 56.3
11.6 15.9 13.8
9.6 15.7 12.7
1.4 2.4 1.9
1.3 2.2 1.7
12.3% 15.3% 13.8%
13.5% 13.9% 13.7%
7.5 9.9 8.7
6.6 9.5 8.1
0.4 0.6 0.2 0.3 0.9 0.5
955 3470 1305 16275 1610 12125
(1.5) 2.7 8.3 1.7 5.2 2.8
(1.55) 2.06 8.30 0.46 (2.13) 6.13
6.1 30.0 36.6 6.7 (6.4) (4.3)
204.1 112.2 158.4 184.3 212.6 168.0
816 2564 848 17562 1818 14046
840 2800 850 19000 2100 15000
-12.0 -19.3 -34.9 16.7 30.4 23.7
477.5 262.9 130.5 15.4 14.3 20.3 153.5
136.4 37.6 62.1 5.6 12.0 12.5 44.4
1.2 1.5 1.8 1.5 1.1 2.9 1.7
1.2 1.4 1.8 1.3 1.0 2.5 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%
38.3 17.4 9.7 6.0 9.5 15.3 16.0
30.5 11.3 8.5 6.6 8.3 9.5 12.4
0.6 0.2
16700 1810
0.9 (0.3)
0.60 4.32
13.2 27.0
10.6 37.1
17544 1723
17000 1830
1.8 1.1
19.3 25.5
18.3 16.3
2.1 1.6
2.0 1.5
10.7% 6.3%
10.7% 9.1%
14.5 7.5
13.1 6.2
0.1
505
(1.9)
(0.98)
3.1
52.1
558
600
18.8
18.0 20.9
11.5 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
20.0 147.2 (15.4)
3904 2309 2108
4800 2240 2280
53.8 42.7 76.7
14.7 9.5 7.5 10.6
13.2 8.6 7.0 9.6
1.9 2.0 1.2 1.7
1.7 1.6 1.1 1.5
13.0% 20.7% 16.3% 16.7%
12.8% 18.7% 15.6% 15.7%
12.2 8.5 10.5 10.4
11.1 11.2 8.7 10.4
-10.5
7350.0
6900
7.4
23.0
20.5
3.7
3.3
16.2%
16.3%
15.1
12.2
BUY 0.9 3120 (1.0) (5.45) (15.2) CPIN BUY 0.3 1570 (6.0) (6.55) (18.0) JPFA BUY 0.1 1290 (1.5) (0.39) (19.6) MAIN Average Other Sectors HOLD 0.5 6425.0 -3.7 -0.4 -5.5 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
World
(3.45)
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
1,709
(0.20)
(0.40)
(0.71)
2.14
(1.50)
2.76
0.73
1,750
1,460
U.S. (S&P)
(7.73)
2,191
(0.35)
(0.48)
(0.62)
4.44
0.51
7.20
5.37
2,214
1,810
U.S. (DOW)
68.35
19,192
0.36
0.49
0.57
6.86
3.79
10.14
8.25
19,225
15,451
Europe
(20.63)
3,031
(0.68)
0.47
(0.32)
1.70
(1.58)
(7.24)
(12.62)
3,514
2,673
Emerging Market
(4.42)
858
(0.51)
(0.55)
0.75
(3.57)
(4.58)
8.09
4.46
930
687
FTSE 100
(30.86)
6,753
(0.45)
(0.68)
(1.12)
(1.35)
(2.05)
8.18
n/a
7,130
5,500
CAC 40
(17.73)
4,561
(0.39)
1.11
0.40
3.31
0.41
(1.65)
(7.04)
4,976
3,892
Dax
(106.25)
10,534
(1.00)
(0.46)
(1.45)
1.57
(1.40)
(1.95)
(5.86)
11,330
8,699
Indonesia
49.85
5,199
0.97
1.65
1.78
(3.82)
(2.89)
13.19
14.36
5,492
4,331
Japan
(55.22)
18,458
(0.30)
0.82
0.42
7.72
9.05
(3.03)
(7.42)
20,002
14,864
Australia Korea
(16.44) (9.71)
5,484 1,974
(0.30) (0.49)
0.48 (0.22)
(0.44) (0.02)
4.87 (0.25)
2.07 (3.15)
3.55 0.65
4.29 (1.75)
5,611 2,074
4,707 1,818
Singapore Malaysia
23.41 7.32
2,929 1,626
0.81 0.45
1.88
2.98 0.14
4.33
4.45
1.59
1.56
(0.14)
(2.00)
(2.71)
(3.90)
(3.00)
2,964 1,729
2,528 1,601
Hong Kong
88.46
22,878
0.39
0.21
1.19
0.30
(1.67)
4.40
1.77
24,364
18,279
China Taiwan
23.27 22.82
3,273 9,264
0.72 0.25
(0.11) 0.45
0.97 1.22
5.50 1.36
6.71 3.07
(7.51) 11.10
(7.45) 9.53
3,685 9,400
2,638 7,628
Thailand Philipines
2.14 83.67
1,512 6,865
0.14 1.23
0.77 (0.36)
1.49 0.41
0.92 (5.34)
(0.60) (12.07)
17.42 (1.25)
12.91 (2.59)
1,558 8,118
1,221 6,084
1D Change Points
Last Price
0.00 n/a n/a
Monetary Indicators JIBOR Overnight (%) Foreign Reserve (US$bn) Inflation Rate (%)
US Fed Rate (%) 0.00 Indo Govt Bond Yld (10yr) - % (0.01) Exchange Rate (per US$) 1D Change Currency
Points
Indonesia Japan
0.00 (0.30)
UK Euro China Commodities Indicators
Change (%)
1 Year
1W
1M
3M
YTD
1YR
High
Low
4.20 115.04
(0.19) n/a
1.37 (0.55)
(1.82) 3.26
(44.68) 8.60
(28.30) 14.22
8.26 115.67
4.20 102.13
0.47
n/a
235.71
2450.00
(51.04)
123.81
0.96
(0.45)
0.50 8.06
0.00 (3.18)
0.00 11.34
0.00 15.92
0.00 (7.84)
100.00 (4.76)
0.50 9.11
0.25 6.77
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
13553 113.80
0.00 0.26
(0.13) (1.25)
0.04 (0.51)
(3.77) (9.23)
1.73 5.64
1.73 5.64
1.70 8.30
14,095 123.56
12,920 99.02
(0.00) 0.00
1.26 1.07
(0.09) 0.04
0.70 0.14
0.83 0.72
2.24 (3.90)
(14.63) (1.81)
(14.63) (1.81)
(15.86) 0.47
1.52 1.16
1.18 1.05
(0.00)
6.89
0.06
0.43
0.53
(1.74)
(5.69)
(5.69)
(7.07)
6.92
6.39
3D 12.91
1W 10.88
1M 12.64
3M 14.92
YTD 37.88
1YR 27.87
High 51.93
Low 26.05
1D Change
Last Price
Change (%)
1 Year
Spot Oil
Points 0.01
51.07
1D 0.02
CPO
7.00
3,065.00
0.23
(0.39)
2.03
12.31
23.24
23.34
28.78
3,098.00
2,172.00
Rubber Coal
7.00 (0.60)
843.00 82.30
0.84 (0.72)
0.84 (10.79)
0.18 (11.51)
15.72 (25.45)
29.49 19.88
56.26 62.65
40.50 54.12
843.00 112.25
506.50 51.75
Iron Ore
0.12
81.03
0.15
2.90
8.93
30.90
38.99
86.71
83.74
81.03
37.50
Tin
(5.00)
21,315.00
(0.02)
0.28
(1.23)
1.43
11.22
46.08
40.12
21,945.00
13,223.80
Nickel
(40.00)
11,210.00
(0.36)
(3.61)
(3.20)
7.74
13.12
27.10
24.83
12,145.00
7,550.00
Copper Gold
(34.00) 7.30
5,791.00 1,175.40
(0.58) 0.62
(1.53) (1.05)
(1.31) (0.25)
17.70 (10.15)
25.08 (11.17)
23.08 10.86
25.02 11.53
6,045.50 1,377.50
4,318.00 1,045.70
Source: SSI Research, Bloomberg
www.samuel.co.id
Page 6 of 7
Research Team Andy Ferdinand, CFA
[email protected]
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Rangga Cipta
Head Of Equity Research,Strategy, Banking, Consumer Economist
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Muhamad Makky Dandytra, CFTe
Technical Analyst
[email protected]
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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]
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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
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[email protected]
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Muhamad Alfatih CSA, CTA, CFTe
Head of PWM / Head of Institutional Marketing Senior Technical Portfolio Advisor
[email protected]
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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]
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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]
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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]
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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
[email protected]
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Verawati Gunawan
Equity Sales
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Cenni Liawisusi
Equity Sales
[email protected]
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Frans Ferdiansah
Equity Sales
[email protected]
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Muhamad Faisyal
Dealer
[email protected]
+6221 2854 8155
Wulan Budi Setyowati
Dealer
[email protected]
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Bismar Ferryaman
Dealer
[email protected]
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Nugroho Nuswantoro
Head Of Marketing OLT
[email protected]
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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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