RISET SAHAM HARIAN Samuel Equity Research
Friday, 25 November 2016
Market Activity
Pelemahan rupiah masih membayangi indeks seiring dengan
Friday, 25 Nov 2016 Market Index Index Movement Market Volume Market Value
: : : :
Last Close
5,107.6 -104.4 (-2.00%) Mn shrs 4,050 5,327 Bn rupiah Changes +/%
penentuan arah kebijakan Trump Indeks AS semalam tutup untuk merayakan Thanksgiving. Pasar Eropa menguat setelah bank sentral Eropa
mengindikasikan akan kembali
membanjiri pasar obligasi untuk menggerakan pasar keuangan. Data PMI
Leading Movers AALI 16,600 ADRO 1,645 NIKL 1,335 LSIP 1,735
1000 15 170 60
6.4 0.9 14.6 3.6
kawasan Eropa untuk November tercatat sebesar 54,1, tertinggi sejak
Lagging Movers BMRI 10,100 TLKM 3,810 HMSP 3,840 ASII 7,525
-800 -130 -90 -250
-7.3 -3.3 -2.3 -3.2
Sementara itu, dari pasar komoditas harga minyak dunia tercatat menguat ke
Foreign Net Buy / Sell Net Buy (Rpbn) BBCA 54 BMRI 48 BBRI 36 ADRO 34 BBNI 19
Net Sell (Rpbn) TLKM 98 ASII 55 UNTR 32 DOID 26 GGRM 20
Last Close 13,559 4.2 0.1
Changes +/% 76.0 -0.6 0.0 -
Dual Listing Securities Last Close TLKM 28.8 ISAT 40.7 EIDO 23.5
Changes +/% -0.5 -1.6 1.1 2.6 -0.3 -1.5
Last Close 19,083 2,205 3,041 1,713 18,434 22,608
membahas pemangkasan produksi. Perdana Menteri Irak mengatakan negaranya setuju untuk memangkas produksi minyak sekitar 900.000 b/d, sedangkan Rusia masih enggan untuk memangkas produksi. Di berita lain, Energy Information Administration (EIA) melaporkan stok minyak AS turun 1,26 juta barel di minggu lalu dan menjadi penurunan pertama dalam 4 pekan CPO berlanjut hingga RM3.010/ton. Dari pasar Asia Pasifik pagi ini, indeks acuan menguat dimana bursa Australia menguat 0,1%, Nikkei 0,4% dan KOSPI 0,3%. Pelaku pasar masih memperhatikan nilai tukar rupiah seiring dengan berita – berita kebijakan Trump serta penentuan kabinetnya. Nilai tukar rupiah bergerak melemah ke level Rp13.565/USD, sedangkan pasar EIDO terakhir tercatat melemah 1,5%.
Changes +/59 2 8 4 101 -68
% 0.3 0.1 0.3 0.2 0.6 -0.3
Commodities Brent Oil CPO Malay Coal Newc Nickel Tin
level US$ 49/barrel menjelang pertemuan OPEC pekan depan untuk
Highlights
World Indices
DJIA S&P 500 Euro Stoxx MSCI World Nikkei Hang Seng
tengah menanti referendum Italia yang akan digelar pada tanggal 4 Desember.
terakhir. Harga komoditas batubara masih bertahan di level US93/ton, dan rally
Money Market
USD/IDR JIBOR O/N Infl (MoM)
Desember 2015 dan lebih tinggi dari bulan Oktober 53,3. Saat ini pasar juga
Last Close 49 3,004 93 11,545 21,580
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Changes +/% 0.0 0.1 50.0 1.7 0.7 0.7 -21.5 -0.2 100.0 0.5
ADHI: Perkirakan laba bersih hanya Rp301miliar
ADHI: Perkirakan laba bersih hanya Rp301miliar
MEDC: Gelar rights issue US$ 150 juta pada kuartal I-2017
EXCL: Menyiapkan belanja modal sebesar Rp 7 triliun untuk 2017
TLKM: Telkomsel mengincar pelanggan Indonesia bagian timur
AKRA: Bersama Pertamina, ditunjuk sebagai distributor BBM 2017
Sektor Perkebunan: Memburu legalisasi lahan
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 ecuri ty. 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.
ADHI: Perkirakan laba bersih hanya Rp301miliar PT Adhi Karya (Persero), Tbk (ADHI), memperkirakan laba bersih akan tercatat sebesar Rp301 miliar (FY16E) atau lebih rendah dari perkiraan awal Rp750 miliar. Penjualan juga diproyeksikan hanya akan sebesar Rp11,44 triliun di periode yang sama dari target awal sebesar Rp20,05 triliun, seiring dengan kontrak baru yang hanya akan mencapai Rp17,9 triliun vs perkiraan awal sebesar Rp25,06 triliun. Sejumlah penundaan penerimaan proyek hingga membuat catatan perolehan kontrak baru harus mundur ke 1H17 membuat ADHI harus menurunkan perkiraan target kontrak barunya. (Kontan). ADHI. Buy 10.25x P/E17E dan 1.27x PBV 17E. ADHI: Perkirakan laba bersih hanya Rp301miliar PT Adhi Karya (Persero), Tbk (ADHI), menargetkan memperoleh dana sebesar Rp 3,5 triliun dari aksi korporasi IPO anak usahanya tahun depan, PT Adhi Persada Gedung (APG) Rp1.5tn dan penjualan saham preferen anak usaha APG ke sejumlah investor sebesar Rp 2 triliun. (Investor Daily). ADHI. Buy 10.25x P/E17E dan 1.27x PBV 17E. MEDC: Gelar rights issue US$ 150 juta pada kuartal I-2017 PT Medco Energy Tbk (MEDC) melanjutkan rencana menambah modal melalui penerbitan saham baru dengan hak memesan terlebih dahulu (HMETD) di kuartal I tahun 2017. Direktur Utama perseroan, Hilmi Panigoro, mengatakan untuk tahap awal perseroan akan membidik right issue US$ 150 juta atau sekitar Rp 2 triliun. Perseroan telah mendapatkan restu dari pemegang saham untuk menerbitkan maksimal 1,3 miliar saham atau 27% dari total modal ditempatkan dan disetor penuh. Rights issue ini nantinya akan digunakan untk membayar utang dan memperkuat struktur permodalan. (Kontan) MEDC: Non coverage. EXCL: Menyiapkan belanja modal sebesar Rp 7 triliun untuk 2017 PT XL Axiata Tbk (EXCL) menyiapkan rencana bisnis tahun 2017 dengan menyiapkan belanja modal atau capital expenditure (capex) sekitar Rp 7 triliun untuk 2017, angka ini relatif sama dengan angka tahun ini. Penggunaan capex akan dialokasikan untuk mengembangkan jaringan 4G, sebesar 80%. EXCL menargetkan pertumbuhan pendapatan antara 5-6% di 2017, didorong oleh peningkatan nilai lebih (value added service) atas produk yang di jual perseroan. (Kontan) EXCL: HOLD; 17E’ PE: 27.7x, PBV: 1.0x.
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Page 2 of 7
TLKM: Telkomsel mengincar pelanggan Indonesia bagian timur Anak usaha PT Telekomunikasi Indonesia Tbk (TLKM), Telkomsel menargetkan untuk meraih pelanggan baru di Indonesia bagian timur seiring dengan pembangunan ekosistem pendukung seperti jaringan kabel optic bawah laut Sulawesi Maluku Papua Cable System (SMPCS). SMPCS merupakan backbone jaringan Telkomsel menggantikan sistem satelit yang semula dioperasikan . (Kontan) TLKM: BUY; 17E’ PE: 15.9x, PBV: 3.8x. AKRA: Bersama Pertamina, ditunjuk sebagai distributor BBM 2017 PT AKR Corporindo (AKRA) bersama Pertamina, telah ditunjuk oleh Badan Pengatur Hilir Minyak dan Gas Bumi (BPH Migas) untuk penugasan distribusi BBM. Hanya Pertamina yang mendapat penugasan distribusi bensin premium (RON 88) sebesar 12,5 juta kl. Sedangkan AKRA mendapat kuota 300.000 kl solar . (Kontan) AKRA: HOLD; 17E’ PE: 20.6x, PBV: 3.3x. Sektor Perkebunan: Memburu legalisasi lahan Pemerintah akan mengakselerasi upaya legalisasi lahan – lahan milik petani dan pelaku usaha guna mendongkrak produktivitas minyak sawit mentah. Menurut keterangan dari Menteri Agraria dan Tata Ruang, Sofyan Djalil, pemerintah tengah menyusun sejumlah regulasi dan aturan untuk merapikan lahan komoditas kelapa sawit. Menurutnya, kunci persoalan – persoalan di aspek lahan terletak pada penataan tata ruang dan legalitas lahan. Sementara itu, program mandatori biodiesel B20 yang dicanangkan oleh pemerintah pada 2017 diprediksi menjadi penopang utama pemulihan harga minyak sawit mentah. (Bisnis Indonesia). Sektor Perkebunan: 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
PE
PBV
ROE
EV/EBITDA (x)
TP SSI
Upside
(%)
(Rp)
(%)
(%)
(%)
(%)
(Rp)
(Rp)
(%)
16E
17E
16E
17E
16E
17E
16E
17E
Banks BMRI BBCA
HOLD BUY
4.2 6.4
10100 14550
(7.3) (1.0)
(7.34) (1.36)
(9.6) (6.1)
9.2 9.4
11186 16381
10300 17100
2.0 17.5
13.5 18.4
10.5 15.5
1.5 3.2
1.4 2.8
11.3% 17.6%
13.1% 17.9%
n/a n/a
n/a n/a
BBRI BBNI
BUY BUY
5.0 1.7
11300 5000
(1.7) (2.4)
(1.74) (4.31)
(7.0) (8.7)
(1.1) 0.2
13336 6373
13700 6300
21.2 26.0
10.8 8.8
9.2 7.2
1.9 1.1
1.7 1.0
17.9% 12.2%
18.1% 13.4%
n/a n/a
n/a n/a
BBTN
BUY
0.3
1650
(4.1)
(1.79) (14.9)
27.4
2193
2300
39.4
Average Consumer (Staples) ICBP BUY
7.5
6.3
0.9
0.8
12.4%
13.1%
n/a
n/a
11.8
9.7
1.7
1.5
14.3%
15.1%
n/a
n/a 17.0
1.8
8550
(2.6)
(6.04) (10.9)
26.9
10369
10300
20.5
26.8
24.0
5.6
5.0
21.0%
20.8%
20.0
INDF
BUY
1.2
7450
(3.2)
(4.79) (12.6)
44.0
9950
9900
32.9
16.6
14.0
2.2
2.0
13.2%
14.2%
9.1
8.1
KLBF ROTI
HOLD BUY
1.2 0.1
1445 1535
(3.7) (0.3)
(2.36) (16.0) (0.97) (6.1)
9.5 21.3
1758 1729
1700 2000
17.6 30.3
30.1 29.0
26.8 21.6
5.8 5.5
5.1 4.6
19.1% 18.9%
19.0% 21.1%
20.7 13.5
17.3 12.0
ULTJ UNVR
BUY HOLD
0.2 5.5
4560 40100
(0.9) (0.9)
(2.98) (0.99)
(0.9) (9.7)
15.6 8.4
5658 44784
5300 45200
16.2 12.7
20.9 47.9
17.1 42.8
3.9 57.0
3.2 49.9
18.7% 18.9% 118.9% 116.6%
13.2 33.4
11.3 30.6
SIDO AISA
BUY BUY
0.1 0.1
545 1945
(0.9) (1.8)
0.93 (3.5) (0.77) (12.8)
(0.9) 60.7
655 2410
730 2240
33.9 15.2
17.0 15.6
15.1 11.9
3.0 1.7
2.9 1.5
17.7% 10.7%
18.9% 12.2%
7.7 14.0
6.2 12.7
26.9
23.1
11.8
10.4
32.5%
32.8%
16.8
14.6
37.7 18.4 28.0
33.8 17.7 25.7
12.5 2.8 7.7
11.4 2.5 7.0
33.3% 15.2% 24.2%
33.8% 14.1% 24.0%
27.0 12.0 19.5
24.4 11.0 17.7
Average Cigarette HMSP GGRM Average
HOLD BUY
8.1 2.2
Healthcare MIKA HOLD SILO Average Retail MAPI
3840 62500
(2.3) (3.1)
1.59 (0.75)
(4.2) (4.2)
2.1 13.6
4276 76631
4390 77150
14.3 23.4
0.7
2670
(1.5)
(6.32)
(3.3)
11.3
3168
2950
10.5
58.4
51.2
10.8
9.8
18.5%
19.1%
31.4
28.3
BUY
0.2
10250
1.5
0.74
(1.4)
4.6
12205
12500
22.0
136.7 97.5
107.7 79.5
5.6 8.2
5.0 7.4
4.1% 11.3%
4.7% 11.9%
17.9 24.7
14.6 21.4
HOLD
0.1
4850
(0.8)
0.21
(2.4)
27.8
5530
5500
13.4
42.9
25.3
2.5
2.3
5.8%
9.0%
8.4
6.7
RALS ACES
BUY BUY
0.2 0.3
1180 835
(3.3) (4.0)
(5.22) (1.76)
(5.2) (2.9)
82.9 1.2
1464 973
1570 960
33.1 15.0
21.5 23.2
18.2 21.4
2.4 4.6
2.2 4.0
11.0% 20.0%
12.1% 18.7%
17.2 16.0
16.2 14.1
LPPF Average Telco
BUY
0.8
14400
(1.2)
(6.65) (21.3)
(18.2)
21108
23150
60.8
17.4 26.3
15.1 20.0
19.3 7.2
12.4 5.2
110.6% 36.8%
82.3% 30.5%
13.0 13.7
11.6 12.2
EXCL ISAT
BUY HOLD
0.4 0.6
2160 6100
(4.0) (3.2)
(9.24) (10.7) (2.40) (3.2)
(40.0) 10.9
3171 7673
4550 6600
110.6 8.2
270.0 37.4
27.7 16.6
1.1 2.4
1.0 2.2
0.4% 6.5%
3.7% 13.2%
5.1 4.0
4.4 3.6
TLKM Average
BUY
7.0
3810
(3.3)
(4.75)
(9.3)
23.3
4739
5000
31.2
19.4 109.0
15.9 20.0
4.3 2.6
3.8 2.3
22.3% 9.8%
24.0% 13.7%
7.5 5.5
6.8 4.9
Auto and HE ASII BUY
5.5
7525
(3.2)
(4.14)
(8.0)
25.4
8686
9000
19.6
16.5
13.6
2.7
2.3
16.7%
17.2%
14.1
13.6
BUY
1.5
21475
(1.9)
(1.94)
3.5
26.7
23806
25050
16.6
18.5 17.5
15.6 14.6
2.0 2.4
1.9 2.1
10.7% 13.7%
11.9% 14.6%
5.2 9.6
4.5 9.1
Aviation GIAA Property
HOLD
0.2
336
(1.8)
0.60
(12.5)
8.7
398
445
32.4
25.5
12.7
0.5
0.6
2.1%
4.7%
3.4
3.4
BSDE PWON
HOLD HOLD
0.6 0.6
1760 685
(3.0) (0.7)
(3.30) (20.0) (6.8)
(2.2) 38.1
2453 761
2350 710
33.5 3.6
13.8 24.6
11.2 22.8
1.5 4.1
1.3 3.6
11.1% 16.8%
11.8% 15.8%
10.2 9.8
8.9 8.6
KPIG ASRI
BUY HOLD
0.1 0.1
1120 372
(3.0) (2.6)
(17.34) (20.0) (3.13) (18.8)
(20.6) 8.5
n/a 469
1810 438
61.6 17.7
26.0 11.6
22.0 10.8
0.9 1.0
0.9 1.0
3.5% 9.0%
4.1% 8.9%
n/a 5.8
n/a 5.1
SMRA Average
HOLD
0.3
1320
(5.7)
(2.22) (22.4)
(20.0)
1786
1750
32.6
29.0 19.7
27.2 18.0
2.5 2.3
2.3 2.0
8.5% 11.4%
8.4% 11.3%
9.0 8.7
8.1 7.7
0.4
3990
(1.7)
(1.48)
3.0
5419
5100
27.8
24.4
21.0
3.4
3.0
13.9%
14.4%
10.3
9.0
0.1 0.6 0.4
1950 2290 2360
(2.5) (3.0) (4.1)
(2.50) (14.1) (0.87) (11.6) (3.8)
(8.9) 37.1 (3.5)
3003 3247 3186
2750 3250 3000
41.0 41.9 27.1
14.7 17.9 20.5
12.1 14.5 17.4
1.3 1.6 2.3
1.2 1.4 2.0
8.9% 9.2% 11.2%
9.5% 9.9% 11.4%
5.4 19.7 11.4
4.8 16.9 9.8
19.4
16.3
2.2
1.9
10.8%
11.3%
11.7
10.1
15.6% 13.8%
14.4% 13.0%
6.5 4.8
5.5 3.9
UNTR Average
Construction PTPP BUY ADHI WSKT WIKA
BUY BUY BUY
(3.9)
Average Cement INTP SMGR
HOLD HOLD
1.0 0.9
14300 8050
(1.9) (4.2)
SMCB
SELL
0.1
885
(0.6)
(3.38) (14.4) (3.59) (20.7) -
(12.4)
(35.9) (29.4)
16934 10853
18000 10000
25.9 24.2
12.8 12.2
12.5 11.7
2.0 1.7
1.8 1.5
(11.1)
928
920
4.0
29.0
18.8
0.8
0.7
2.6%
3.9%
9.9
8.0
18.0
14.3
1.5
1.3
10.7%
10.4%
7.1
5.8
Average Precast WSBP
BUY
0.3
560
(0.9)
(2.61)
n/a
n/a
706
690
23.2
27.6
22.0
2.3
2.1
8.4%
9.6%
22.3
17.5
WTON
BUY
0.1
815
(1.8)
(1.21)
(8.9)
(1.2)
1099
1150
41.1
25.3
19.3
2.6
2.1
10.2%
10.9%
18.6
14.6
26.5
20.6
2.5
2.1
9.3%
10.2%
20.5
16.0
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
1.1 0.5
2490 4080
(1.6) (3.1)
3.32 (4.2) (5.12) (10.9)
(9.3) (21.9)
3037 6034
3375 6500
35.5 59.3
0.0 15.6 7.8
0.0 15.4 7.7
0.0 2.4 1.2
0.0 2.1 1.1
12.3% 15.3% 13.8%
13.5% 13.9% 13.7%
7.0 9.8 8.4
6.2 9.4 7.8
0.4 0.6 0.2 0.3 1.0 0.5
970 3400 1205 16200 1645 11425
(0.5) 0.9 (3.6) 0.0 0.9 (4.0)
7.78 6.25 12.09 5.54 8.58 (4.19)
16.2 26.9 54.5 18.0 7.9 (6.9)
208.9 108.0 138.6 183.0 219.4 152.5
816 2401 848 17759 1818 14337
840 2800 850 19000 2100 15000
-13.4 -17.6 -29.5 17.3 27.7 31.3
485.0 257.6 120.5 15.3 14.7 19.1 152.0
138.6 36.8 57.4 5.6 12.2 11.8 43.7
1.2 1.4 1.7 1.5 1.1 2.7 1.6
1.2 1.4 1.7 1.3 1.1 2.3 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%
38.7 17.1 9.0 6.0 9.7 14.4 15.8
30.8 11.1 7.8 6.6 8.4 8.9 12.3
0.6 0.2
16600 1735
6.4 3.6
7.10 5.79
6.4 11.9
9.9 31.4
17620 1704
17000 1830
2.4 5.5
19.2 24.4
18.2 15.6
2.1 1.5
2.0 1.4
10.7% 6.3%
10.7% 9.1%
14.4 7.2
13.1 5.9
0.1
510
2.0
2.41
2.0
53.6
541
600
17.6
18.2 20.6
11.6 15.1
0.6 1.4
0.6 1.3
3.1% 6.7%
4.9% 8.2%
6.0 9.2
5.6 8.2
26.9 164.6 (15.1)
3904 2309 2169
4800 2240 2280
45.5 33.3 76.1
15.6 10.1 7.6 11.1
13.9 9.2 7.0 10.1
2.0 2.1 1.2 1.8
1.8 1.7 1.1 1.5
13.0% 20.7% 16.3% 16.7%
12.8% 18.7% 15.6% 15.7%
12.8 9.1 10.5 10.8
11.7 11.7 8.7 10.7
-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 3300 (2.1) (2.94) (8.6) CPIN BUY 0.3 1680 (4.3) (7.69) (4.0) JPFA BUY 0.1 1295 (1.1) (3.36) (14.2) MAIN Average Other Sectors HOLD 0.5 6450.0 -2.6 -6.5 -7.5 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
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
World U.S. (S&P)
3.56 1.78
1,713 2,205
0.21 0.08
0.01 1.05
0.94 1.28
0.71 2.48
(0.81) 1.35
3.04 7.87
0.91 5.53
1,750 2,205
1,460 1,810
U.S. (DOW) Europe
59.31 8.46
19,083 3,041
0.31 0.28
1.14 0.25
1.14 (0.04)
4.72 (1.52)
3.26 1.77
9.52 (6.94)
7.14 (12.17)
19,084 3,524
15,451 2,673
Emerging Market
(3.90)
852
(0.46)
0.55
0.57
(7.21)
(5.13)
7.29
1.90
930
687
FTSE 100 CAC 40
11.49 13.35
6,829 4,543
0.17 0.29
0.76 0.29
0.51 0.33
(2.69) 0.04
0.18 3.09
9.40 (2.04)
n/a (7.16)
7,130 4,976
5,500 3,892 8,699
Dax
26.82
10,689
0.25
0.04
0.03
(0.63)
1.52
(0.50)
(4.30)
11,431
(104.37)
5,108
(2.00)
(0.79)
(1.64)
(5.38)
(6.35)
11.20
11.39
5,492
4,331
Japan
90.30
18,424
0.49
1.75
3.14
6.10
11.28
(3.20)
(7.17)
20,012
14,864
Australia Korea
18.52 (0.40)
5,504 1,971
0.34 (0.02)
1.67 (0.64)
2.69 (0.19)
1.12 (3.26)
(0.69) (3.53)
3.92 0.49
5.97 (1.92)
5,611 2,074
4,707 1,818
Singapore Malaysia
4.03 (6.17)
2,844 1,624
0.14 (0.38)
0.96 (0.19)
1.07 (0.16)
(0.36) (3.17)
(1.15) (3.34)
(1.35) (4.04)
(1.66) (3.57)
2,964 1,729
2,528 1,601
Hong Kong
(68.20)
22,608
(0.30)
1.12
1.55
(4.06)
(0.90)
3.17
0.49
24,364
18,279
China Taiwan
0.60 (26.12)
3,242 9,152
0.02 (0.28)
0.73 1.23
1.04 1.74
3.51 (2.49)
5.65 0.40
(8.40) 9.76
(11.13) 9.13
3,685 9,400
2,638 7,628
Thailand
(6.25)
1,490
(0.42)
0.80
1.10
(1.09)
(3.50)
15.69
7.86
1,558
1,221
Philipines
36.67
6,873
0.54
(1.52)
(2.51)
(9.33)
(12.49)
(1.13)
(2.63)
8,118
6,084
1D Change Points
Last Price
0.00 n/a
4.20 115.04
n/a
Indonesia
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
76.00 0.37
UK Euro China Commodities Indicators
Change (%)
1 Year
1W
1M
3M
YTD
1YR
High
Low
(0.06) n/a
1.15 (0.55)
(1.99) 3.26
(44.68) 8.60
(28.53) 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 8.23
0.00 5.06
0.00 16.47
0.00 16.42
0.00 (5.94)
100.00 (4.40)
0.50 9.11
0.25 6.77
Last Price
Change (%)
1 Year
1D
3D
1W
1M
3M
YTD
1YR
High
Low
13559 113.70
(0.56) (0.33)
(1.00) (2.25)
(1.37) (2.45)
(4.03) (8.34)
1.69 5.73
1.69 5.73
1.11 7.95
14,095 123.67
12,920 99.02
(0.00) 0.00
1.24 1.06
(0.03) 0.00
0.19 (0.69)
0.85 (0.32)
2.13 (3.08)
(15.53) (2.84)
(15.53) (2.84)
(17.73) (0.66)
1.52 1.16
1.18 1.05
0.00
6.92
(0.04)
(0.42)
(0.63)
(2.12)
(6.19)
(6.19)
(7.70)
6.92
6.39
1D
3D
1W
1M
3M
YTD
1YR
High
Low
(4.02)
1.31
29.45
11.41
51.93
26.05
1D Change
Last Price
Change (%)
1 Year
Spot
Points
Oil
(0.01)
47.95
(0.02)
0.97
5.57
CPO
50.00
3,004.00
1.69
2.91
4.45
6.45
15.54
20.89
32.04
3,098.00
2,172.00
Rubber
8.00
841.50
0.96
3.25
4.40
22.58
30.26
55.98
37.28
841.50
506.50
Coal
0.65
93.00
0.70
6.29
5.68
(3.43)
40.48
83.79
71.90
112.25
51.75
Iron Ore
1.43
74.39
1.96
0.68
(4.92)
25.43
26.30
71.41
65.31
79.60
37.50
100.00
21,580.00
0.47
2.37
6.05
6.88
14.43
47.90
49.41
21,945.00
13,223.80
Nickel
(20.00)
11,580.00
(0.17)
1.58
2.98
14.60
15.86
31.29
32.04
12,145.00
7,550.00
Copper Gold
128.00 (7.60)
5,868.00 1,181.70
2.23 (0.64)
5.56 (2.32)
6.78 (2.89)
26.52 (7.11)
26.68 (10.48)
24.72 11.45
27.34 10.44
6,025.50 1,377.50
4,318.00 1,045.70
Tin
Source: SSI Research, Bloomberg
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Page 6 of 7
Research Team Andy Ferdinand, CFA
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Rangga Cipta
Head Of Equity Research,Strategy, Banking, Consumer Economist
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Muhamad Makky Dandytra, CFTe
Technical Analyst
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Akhmad Nurcahyadi, CSA
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Arandi Ariantara
Auto, Aviation, Cigarette, Construction Healthcare, Heavy Equipment, Property Cement, Telecommunication, Utility
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Marlene Tanumihardja
Poultry, Retail, Small Caps
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Sharlita Lutfiah Malik
Mining, Plantation
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Adde Chandra Kurniawan
Research Associate
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Muhamad Alfatih CSA, CTA, CFTe
Head of PWM / Head of Institutional Marketing Senior Technical Portfolio Advisor
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Ronny Ardianto
Institutional Equity Sales
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Clarice Wijana
Institutional Equity Sales
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Wahyudi Budiono
Dealer
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Kelvin Siwah Long
Head of Equities
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Yulianah
Institutional Equity Sales
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Indra S. Affandi
Institutional Equity Sales
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Lucia Irawati
Head of Retail Equity Sales
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Ferry Khusaeri
Equity Sales
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Iwan Setiadi
Equity Sales
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Lia Chaterina
Equity Sales
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Amelia Sintama
Equity Sales
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Salt World Widjaja
Equity Sales
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Jovita Widjaja
Equity Sales
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James Wihardja
Equity Sales
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Joseph Soegandhi
Equity Sales
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Dian Anggraeni
Equity Sales
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Sylviawati
Equity Sales
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Verawati Gunawan
Equity Sales
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Cenni Liawisusi
Equity Sales
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Frans Ferdiansah
Equity Sales
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Muhamad Faisyal
Dealer
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Wulan Budi Setyowati
Dealer
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Bismar Ferryaman
Dealer
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Nugroho Nuswantoro
Head Of Marketing OLT
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Wahyu Widodo
Marketing
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Rina Lestari
Customer Service
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Martha Lamtiurma Tampubolon
Customer Service
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Mohamad Andhika Prasetia
Customer Service
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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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