14 januari, 2020
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Mirae Asset Sekuritas Indonesia
14 Januari, 2020
Market Index
Last Trade Chg (%) MoM YoY
JCI 6,296.6 0.3 1.3 -1.0
MSCI Indonesia 26.4 1.2 4.0 -1.5
MSCI EM 1,144.0 0.9 4.3 13.2
HANG SENG 28,954.9 1.1 3.4 8.9
KOSPI 2,206.4 1.0 1.7 6.9
FTSE 7,617.6 0 3.2 10.7
DJIA 28,907.1 0.3 2.4 20.6
NASDAQ 9,273.9 1.0 5.1 32.9
Valuation
2018F P/E (x) P/B (x) ROE (%)
JCI 14.7 2.1 17.1
Key Rates
Last Trade Chg (bps) MoM YoY
BI 7-Day RR 5.00 0 0 -100
3yr 6.11 -6 -31 -166
10yr 6.93 -9 -31 -106
FX
Last Trade Chg (%) MoM YoY
USD/IDR 13,673.0 -0.7 -1.6 -2.5
USD/KRW 1,161.7 0.2 -0.9 3.4
USD/JPY 110.0 0.5 0.4 1.7
USD/CNY 6.9 -0.2 -0.8 2.2
Commodities
Last Trade Chg (%) MoM YoY
WTI 58.1 -1.6 -3.3 10.8
Gold 1,547.9 -0.9 4.9 19.8
Coal 72.3 1.9 9.0 -26.3
Palm Oil 3,092.0 -1.2 9.8 47.7
Rubber 135.5 0.0 2.4 5.2
Nickel 14,095.0 -0.7 -0.5 23.0
Copper 6,198.0 0.3 1.1 4.3
Tin 17,375.0 0.9 0.0 -15.1
JCI Index VS MSCI Emerging Markets
Market commentary
Hariyanto Wijaya CFA, CPA (Aust), CMT (hariyanto.wijaya@miraeasset.co.id)
IHSG ditutup naik +0.3% pada hari Senin, sementara investor asing tetap
membukukan pembelian bersih pada ekuitas Indonesia (net buy IDR251.7bn pada
hari Senin). Rupiah terus menguat, yang ditutup pada IDR13,673/USD kemarin (vs
sehari sebelumnya: IDR13,772/USD). Kami memperkirakan IHSG akan
diperdagangkan lebih tinggi hari ini karena optimisme kesepakatan perdagangan AS-
China.
Indeks AS naik ke rekor tertinggi baru pada hari Senin di tengah optimisme
kesepakatan perdagangan AS-China. Kesepakatan "fase satu" akan ditandatangani
di Washington pada 15 Januari. Administrasi Trump mendorong sentimen positif
dengan mengumumkan rencana untuk menghapus label "manipulator mata uang"
untuk China menjelang pertemuan hari Rabu. Harga minyak mentah WTI turun
1.6% menjadi USD58.08/barel, level terendah sejak awal Desember karena
ketegangan antara AS dan Iran tampaknya telah mereda.
Weekly commodity alerts – Mostly unattractive
Andy Wibowo Gunawan (andy.wibowo@miraeasset.co.id)
Kami pesimis bahwa sebagian besar harga komoditas pada radar mingguan kami
akan bersinar, mengingat kurangnya katalis positif. Sebaliknya, kami berpikir bahwa
sektor pertanian akan menarik asalkan beberapa data yang dirilis sebelumnya atau
akan dirilis minggu ini.
Energy: To be trading on muted mix
Kami memperkirakan bahwa harga minyak WTI akan diperdagangkan di kedua sisi,
mengingat kurangnya katalis positif di sisi penawaran atau permintaan. Selain itu,
kami berpikir bahwa harga batubara global juga akan diperdagangkan mix
mengingat perkiraan yang lebih rendah untuk impor total batubara China.
Basic metal: In the same boat as energy sector
Kami melihat harga nikel global akan diperdagangkan mix mengingat kurangnya
katalis positif. Dari sisi supply, kami meperkirakan persediaan nikel LME akan
meningkat serta perlambatan pertumbuhan produksi di China untuk bulan
Desember. Kami berpikir bahwa harga timah global akan diperdagangkan sideways
karena katalis dua sisi.
Precious metal: Watching on US-Iran’s geopolitical tension
Kami mencatat bahwa konsensus memperkirakan CPI YoY Desember AS meningkat
menjadi 2,4%, dari bulan sebelumnya sebesar 2,1%. Sementara itu, konsensus
memperkirakan bahwa klaim pengangguran awal AS untuk 11 Januari akan lebih
tinggi pada 217.000 orang, dibandingkan minggu sebelumnya di 214.000 orang.
Menurut berita terbaru, ketegangan geopolitik antara AS dan Iran tetap terasa.
Agriculture: Continue strengthening
Kami mencatat bahwa persediaan CPO Malaysia Desember turun menjadi 2,0 juta
ton (-11,0% MoM; -37,6% YoY) karena penurunan produksi CPO pada Desember.
Sementara itu, ekspor CPO Malaysia mencapai 1,4 juta ton (-0,7% MoM; +0,9%
YoY).
550
800
1,050
1,300
1,550
4,000
5,000
6,000
7,000
01/16 07/16 01/17 07/17 01/18 07/18 01/19
JCI MSCI EM (pt)(pt)
14 Januari, 2020
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Mirae Asset Sekuritas Indonesia
Mirae Asset Sekuritas Indonesia cartoon
14 Januari, 2020
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Mirae Asset Sekuritas Indonesia
Local flashes
ADHI: Adhi Commuter Properti siapkan capex Rp 2 triliun untuk tahun ini. PT Adhi
Commuter Properti (ACP) siapkan proyek baru tahun ini. Untuk itu, pihaknya menyiapkan
belanja modal Rp 2 triliun. Direktur Pemasaran dan Pengelolaan Properti ACP, Hanif Setyo
Nugroho menyebutkan tahun ini pihaknya menargetkan ada lima proyek baru. "Akan berada
di Depok, Tangerang, dan Bogor," (Kontan)
BBNI: Kredit konsumsi BNI masih bisa tumbuh mumpuni. Di tengah jebloknya
pertumbuhan kredit konsumsi sepanjang tahun lalu, PT Bank Negara Indonesia Tbk (BBNI)
masih mencatat pertumbuhan yang mumpuni. Tahun ini, bank berlogo angka 46 ini juga
optimistis kredit konsumsinya bisa tumbuh double digit.“Kredit konsumsi kami jadi salah
satu pendorong pertumbuhan total kredit dengan pertumbuhan di kisaran 7,5% hingga
8,5%. Ini di atas rata-rata industri yang tumbuh 6,5% per Oktober 2019,” kata Direktur
Bisnis Konsumer BNI Anggoro Eko Cahyo (Kontan)
GIAA: Nama Dirut Garuda Indonesia (GIAA) diumumkan pada 22 Januari?
Kementerian Badan Usaha Milik Negara (BUMN) telah mengantongi siap saja nama-nama
calon Direktur Utama PT Garuda Indonesia (Persero) Tbk (GIAA). Staf Khusus Menteri
BUMN Arya Sinulingga mengatakan, akan mengumumkan direksi utama baru Garuda pada
22 Januari 2020. Nantinya akan dipilih manajemen yang berpengalaman baik dari segi
keuangan dan manajemen. (Kontan)
DEAL: Dewata Freightinternational (DEAL) tetap fokus mengembangkan bisnis
logistik energi. Direktur Utama PT Dewata Freightinternational Tbk (DEAL) Nofrisel
menjelaskan di tahun ini perseroan akan tetap fokus mengembangkan bisnis logistik energi.
"Eksisting bisnis yang sudah berjalan tetap akan kita jaga dan akan kita tingkatkan tetapi
dunia logistik kan sekarang berkembang ke berbagai variasi bisnis yang mungkin akan
dimasuki oleh Dewata," (Kontan)
MYRX, MPRO: MYRX sebut rencana akuisisi oleh MPRO masih berjalan. PT Hanson
International Tbk (MYRX) klaim sejauh ini belum ada informasi pembatalan dari rencana PT
Maha Properti Indonesia Tbk (MPRO) mengakuisisi anak usaha PT Hanson International Tbk
dan PT Rimo International Lestari Tbk. Hal tersebut disebutkan oleh Head of Pulic Relation &
Communication Hanson International, Dessy Puteri. "Belum ada pengumuman resmi,"
(Kontan)
MDKA: Bentuk usaha patungan, Merdeka Copper Gold (MDKA) tunggu
kesepakatan kreditur. Tepat pada 25 November 2019 lalu PT Merdeka Copper Gold Tbk
(MDKA) menandatangani kerja sama usaha patungan (joint venture) dengan PT J Resources
Asia Pasifik Tbk (PSAB) terkait pengembangan tambang emas Pani di Gorontalo. Corporate
Secretary MDKA Adi Adriansyah Sjoekri menyampaikan, pasca ditekennya kerja sama joint
venture dengan PSAB, saat ini kedua perusahaan yang terlibat masih menunggu
kesepakatan dari pihak kreditur untuk membiayai proyek Pani. (Kontan)
14 Januari, 2020
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Mirae Asset Sekuritas Indonesia
Technical analysis
Tasrul +62-21-5088-7000 tasrul@miraeasset.co.id
Jakarta Composite Index (JCI) Daily – Tests Resistance at 6,310
IHSG akan coba naik dan bertahan diatas normal lower band pada uptrend
channel jangka pendek.
IHSG saat ini berada alam pola uptrend channel jangka pendek dimana korelasi
pergerakkan indeks ini dengan hari-hari sebelumnya relatif valid (r-squared = 0.7469)
sejak 32 hari terakhir dimana bergerak normal dalam rentang +/-1.14 .deviasi dari
centerline. IHSG bergerak di luar pergerakan normal sekitar +25.31% atau sekitar 8 bar
chart. Rata-rata volatilitas normal pergerakan IHSG secara harian saat ini antara +0.36%
/ -0.39% atau +21.41/-24.56 point (rata-rata pergerakan normal positif / negatif
selama periode analisis) sebagaimana terlihat pada Figure 1.
Summary
Item Data Item Data
Close (Jan 13, 2020) 6,296.57. 94(+0.34%) Trading range 6,263 – 6,310
Average index performance (%) 1.68 Target
Period 32 - Daily 6,310
r-squared 0.7469 - Weekly 6,362
Volatility (+/-, %) +0.36/-0.39
- Monthly 6,424
Volatility (+/-, point) +21.41/ -24.58 Stop loss 6,260
Source: Mirae Asset Sekuritas Indonesia Research
Figure 1. Daily ,Short Trend – Uptrend
4 - 6,161
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,309.4
_____ 6,263.5
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
^JKSE [ ^JKSE ] - Daily - 1/13/2020 Open: 6,288 High: 6,298 Low: 6,269 Close: 6,297 Vol. 6,910,110,720
Prev. Avg. Price: 6,287.9
R-Squared: 0.7469
Period: 32
Std.Dev: 1.14
Volatility (+) : 0.0034
Volatility (-) : -0.0039
V-Ratio : 0.88
Chg.: 0.34%
6,296.57
6,285.63
6,282.82
6,211.4
6,185.38
6,344.01
6,344.01
6,402.4
6,502.65
4 11 18 25 Dec 9 16 23 30 2020 6 13
^JKSE - Volume = 6,910,110,720.00, MA(Volume,10) = 5,243,059,712.00
6,910,110,720
5,243,059,712
14 Januari, 2020
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Mirae Asset Sekuritas Indonesia
Aliran dana masuk dan volatilitas indeks naik masih terlihat .
Pada Figure 2, terlihat dari hasil optimalisasi terakhir pada periode daily indikator MFI
optimized, indikator W%R optimized dan indikator RSI optimized masih cenderung naik
Sementara itu pada periode weekly indikator MFI optimized ,indikator W%R optimized
naik terbatas dan indikator RSI optimized masih bergerak turun. Daily support di 6,264
dan daily resistance di 6,310. Cut loss level di 6,260.
Figure 2. Daily, MFI optimized , W%R optimized & RSI optimized
X` x`x`
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
^JKSE - MFI Smoothed = 52.88
52.8845
^JKSE - Will%R Smoothed = -44.26
-44.2584
^JKSE - RSI Smoothed = 72.56
72.5601
_____ 6,309.4_____ 6,263.5
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
^JKSE [ ^JKSE ] - Daily - 1/13/2020 Open: 6,288 High: 6,298 Low: 6,269 Close: 6,297 Vol. 6,910,110,720
Prev. Avg. Price: 6,287.9
R-Squared: 0.7469
Period: 32
Std.Dev: 1.14
Volatility (+) : 0.0034
Volatility (-) : -0.0039
V-Ratio : 0.88
Chg.: 0.34%
6,296.57
6,282.82
6,211.4
Jul Aug Sep Oct Nov Dec 2020
^JKSE - Volume = 6,910,110,720.00, MA(Volume,10) = 5,243,059,712.00
6,910,110,720
5,243,059,712
14 Januari, 2020
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Mirae Asset Sekuritas Indonesia
Figure 3. Weekly Trend – Uptrend, MFI optimized ,W%R optimized & RSI optimized
A
Source: Mirae Asset Sekuritas Indonesia Research
IHSG akan coba bertahan diatas rata-rata masing masing periode
Pada pergerakkan daily, rata-rata kenaikkan sekitar +0.35% saat ini di +0.34%.
Sementara itu pada pergerakan weekly kenaikkan normal rata-rata sekitar +1.19%
sementara saat ini di level +0.34%. Pada pergerakan monthly saat ini di level -0.05%,
normal koreksi di -3.13%. Dengan demikian diperkirakan potensi kenaikkan masih
terlihat namun sementara maish cenderung konsolidasi. Pada Figure 4,5 dan 6 terlihat
perkiraan normal trading range untuk masing-masig periode.
Figure 4. Daily : 6,264 – 6,310 Figure 5. Weekly : 6,205 – 6,362 Figure 6. Monthly : 6,082 – 6,424
x
x x`
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
^JKSE - MFI Smoothed = 33.10
33.0977
^JKSE - Will%R Smoothed = -12.05-12.0488
^JKSE - RSI Smoothed = 62.42
62.4242
_____ 6,362.6
_____ 6,205.0
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
^JKSE [ ^JKSE ] - Weekly - 1/19/2020 Open: 6,288 High: 6,298 Low: 6,269 Close: 6,297 Vol. 6,910,110,720
Prev. Avg. Price: 6,287.9
R-Squared: 0.8050
Period: 233
Std.Dev: 1.29
Volatility (+) : 0.0119
Volatility (-) : -0.0132
V-Ratio : 0.90
Chg.: 0.34% 6,296.57
6,291.86
6,186.53
5,937.06
6,662.89
6,662.89
7,033.91
7,388.72
Oct 2016 Apr Jul Oct 2017 Apr Jul Oct 2018 Apr Jul Oct 2019 Apr Jul Oct 2020
^JKSE - Volume = 6,910,110,720.00, MA(Volume,7) = 20,791,572,480.00
6,910,110,720
20,791,572,480
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,309.8
_____ 6,263.7
6,287.9
^JKSE [ ^JKSE ] - Daily - 1/13/2020 Open: 6,288 High: 6,298 Low:
Prev. Avg. Price: 6,287.9
R-Squared: 0.7469
Period: 32
Std.Dev: 1.14
Volatility (+) : 0.0035
Volatility (-) : -0.0039
V-Ratio : 0.90
Chg.: 0.34%
6,296.57
2020 6 13
^JKSE - Volume = 6,910,110,720.00 6,910,110,720
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,362.6
_____ 6,205.0
6,287.9
^JKSE [ ^JKSE ] - Weekly - 1/19/2020 Open: 6,288 High: 6,298 Low:
Prev. Avg. Price: 6,287.9
R-Squared: 0.8050
Period: 233
Std.Dev: 1.29
Volatility (+) : 0.0119
Volatility (-) : -0.0132
V-Ratio : 0.90
Chg.: 0.34%
6,296.57
13 20 27 2020 19
^JKSE - Volume = 6,910,110,720.00
6,910,110,720
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,423.7
_____ 6,082.9
6,279.4
^JKSE [ ^JKSE ] - Monthly - 1/13/2020 Open: 6,313 High: 6,323 Low:
Prev. Avg. Price: 6,279.4
R-Squared: 0.8061
Period: 56
Std.Dev: 1.29
Volatility (+) : 0.0230
Volatility (-) : -0.0313
V-Ratio : 0.73
Chg.: -0.05%
6,296.57
2019 2020
^JKSE - Volume = 42,681,671,680.00
42,681,671,680
14 Januari, 2020
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Embun Pagi
Mirae Asset Sekuritas Indonesia
Stocks on our focus list
Erajaya Swasembada (ERAA) – Daily, Trading Buy
Harga akan coba naik mendekati center line pada uptrend channel
Secara umum harga saham ini masih berada dalam pola uptrend channel pada
pergerakkan daily dimana korelasi pergerakkan harga terakhir dengan hari
sebelumnya masih relatif valid (r-squared = 0.7793) selama 30 hari terakhir dan
bergerak normal dalam rentang +/-1.22 std.deviasi dari center line. Harga keluar dari
pergerakan normal sekitar 22.07% (sekitar 6 bar chart ). Rata-rata volatilitas normal
pergerakan harga saat ini antara +2.28 % /-1.91% atau +40.58 rupiah / -34.00 rupiah
rata-rata pergerakan normal positif / negatif, selama periode analisis) sebagaimana
sebagaimana sebagaimana terlihat pada Figure 7.
Summary
Item Data Item Data
Close (Jan 13, 2020) 1,780 (+5.33%) Trading range 1,750 – 1,820
Relative Avg. Price performance to JCI (%) 8.98 Target
β (beta) 2.24 - Daily 1,820
Corelation 0.89 - Weekly 1,875
Period 30 - Monthly 2,030
r-squared 0.7793 Stop loss 1,680
Volatility (+/-, %) +2.28% / -1.91%
Volatility (+/-, Rp.) +40.58/-34.00
Source: Mirae Asset Sekuritas Indonesia Research
Figure 7.Daily trend – Uptrend
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,791.7
_____ 1,718.2
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
ERAA.JK [ ERAA.JK ] - Daily - 1/13/2020 Open: 1,700 High: 1,780 Low: 1,695 Close: 1,780 Vol. 24,445,600
Prev. Avg. Price: 1,751.7
R-Squared: 0.7793
Period: 30
Std.Dev: 1.22
Volatility (+) : 0.0228
Volatility (-) : -0.0191
V-Ratio : 1.19
Chg.: 5.33%
1,780
1,751.06
1,740.55
1,676.45
1,649.23
1,826.48
1,826.48
1,901.91
1,976.52
18 25 Dec 9 16 23 30 2020 6 13
ERAA.JK - Volume = 24,445,600.00, MA(Volume,16) = 20,910,032.00
24,445,600
20,910,032
14 Januari, 2020
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Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana masuk dan volatilitas harga naik masih terlihat.
Pada Figure 8, terlihat dari hasil optimalisasi. Indikator MFI optimized, indikator W%R
optimized, indikator RSI optimized masih cenderung naik. Daily support di 1,750
sementara itu daily resistance 1,820. Cut loss level di 1,680.
Figure 8. Daily, MFI optimized , W%R optimized & RSI optimized
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
ERAA.JK - MFI Smoothed = 72.53
72.5323
ERAA.JK - Will%R Smoothed = -54.12
-54.1166
ERAA.JK - RSI Smoothed = 59.79
59.7907
_____ 1,791.7_____ 1,718.2
Tasrul Optimization Trading System - ©2010 - Powered by AMTATasrul Optimization Trading System - ©2010 - Powered by AMTA
ERAA.JK [ ERAA.JK ] - Daily - 1/13/2020 Open: 1,700 High: 1,780 Low: 1,695 Close: 1,780 Vol. 24,445,600
Prev. Avg. Price: 1,751.7
R-Squared: 0.7793
Period: 30
Std.Dev: 1.22
Volatility (+) : 0.0228
Volatility (-) : -0.0191
V-Ratio : 1.19
Chg.: 5.33%
1,780
1,740.55
1,649.23
Aug Sep Oct Nov Dec 2020
ERAA.JK - Volume = 24,445,600.00, MA(Volume,16) = 20,910,032.00
24,445,600
20,910,032
14 Januari, 2020
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Embun Pagi
Mirae Asset Sekuritas Indonesia
Harga akan coba naik dan bertahan diatas rata-rata pada masing-masing
periode.
Pada pergerakkan daily rata-rata kenaikkan normal sekitar +2.28 % saat ini di +5.33%.
Sementara itu pada pergerakan weekly kenaikkan normal rata-rata sekitar +7.05%,
sementara saat ini di level +5.33%. Pada pergerakan monthly saat ini di level -0.84%,
normal koreksi di -0.84%. Dengan demikian diperkirakan potensi kenaikkan masih
terlihat secara umum. Figure 9,10 dan 11 terlihat perkiraan normal trading range untuk
masing-masing periode.
Figure 9. Daily : 1,750 –1,820 Figure 10. Weekly : 1,630 – 1,875 Figure 11. Monthly : 1,560 – 2,030
x`
x`x`
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,791.7
_____ 1,718.2
1,751.7
1,822.34
ERAA.JK [ ERAA.JK ] - Daily - 1/13/2020 Open: 1,700 High: 1,780
Prev. Avg. Price: 1,751.7
R-Squared: 0.7793
Period: 30
Std.Dev: 1.22
Volatility (+) : 0.0228
Volatility (-) : -0.0191
V-Ratio : 1.19
Chg.: 5.33%
1,780
23 30 2020 13
ERAA.JK - Volume = 24,445,600.00
24,445,600
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,875.1
_____ 1,627.8
1,751.7
ERAA.JK [ ERAA.JK ] - Weekly - 1/19/2020 Open: 1,700 High: 1,780
Prev. Avg. Price: 1,751.7
R-Squared: 0.5507
Period: 85
Std.Dev: 0.74
Volatility (+) : 0.0705
Volatility (-) : -0.0707
V-Ratio : 1.00
Chg.: 5.33%
1,780
Dec 2020
ERAA.JK - Volume = 24,445,600.00
24,445,600
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 2,033.0
_____ 1,561.3
1,760
ERAA.JK [ ERAA.JK ] - Monthly - 1/13/2020 Open: 1,810 High: 1,845
Prev. Avg. Price: 1,760.0
R-Squared: 0.5676
Period: 56
Std.Dev: 0.78
Volatility (+) : 0.1551
Volatility (-) : -0.1129
V-Ratio : 1.37
Chg.: -0.84%
1,780
Jul Oct 2020
ERAA.JK - Volume = 132,460,608.00
132,460,608
14 Januari, 2020
10
Embun Pagi
Mirae Asset Sekuritas Indonesia
Wijaya Karya Bangunan Gedung (WEGE) –Daily, Trading Buy
Harga akan coba naik mendekati center line pada uptrend channel.
Secara umum harga saham ini masih berada dalam pola uptrend channel pada
pergerakkan daily dimana korelasi pergerakkan harga terakhir dengan hari
sebelumnya masih belum relatif valid (r-squared = 0.6729) selama 31 hari terakhir
dan bergerak normal dalam rentang +/-0.97 std.deviasi dari center line. Harga keluar
dari pergerakan normal sekitar 32.71% (sekitar 10 bar chart ). Rata-rata volatilitas
normal pergerakan harga saat ini antara +1.92 % /-1.66 % atau +6.03 rupiah / -5.21
rupiah rata-rata pergerakan normal positif / negatif, selama periode analisis)
sebagaimana sebagaimana terlihat pada Figure 12.
Summary
Item Data Item Data
Close (Jan 13, 2020) 314(+0.64%) Trading range 310 – 320
Relative Avg. Price performance to JCI (%) 3.34 Target
β (beta) 2.67 - Daily 320
Corelation 0.83 - Weekly 328
Period 31 - Monthly 354
r-squared 0.6729 Stop loss 300
Volatility (+/-, %) +1.92/ -1.66
Volatility (+/-, Rp.) +6.03/ -5.21
Source: Mirae Asset Sekuritas Indonesia Research
Figure 12. Daily – Uptrend
x` x`
Source: Mirae Asset Sekuritas Indonesia Research
,
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 320.7
_____ 309.5
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
WEGE.JK [ WEGE.JK ] - Daily - 1/13/2020 Open: 312 High: 320 Low: 310 Close: 314 Vol. 15,149,800
Prev. Avg. Price: 314.7
R-Squared: 0.6729
Period: 31
Std.Dev: 0.97
Volatility (+) : 0.0192
Volatility (-) : -0.0166
V-Ratio : 1.16
Chg.: 0.64%
314
307.864
299.679
314.197
324.524
324.524
324.586
334.851
349.369
11 18 25 Dec 9 16 23 30 2020 6 13
WEGE.JK - Volume = 15,149,800.00, MA(Volume,7) = 23,590,042.00
15,149,800
23,590,042
14 Januari, 2020
11
Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana masuk dan volatilitas harga naik masih terlihat.
Pada Figure 13, terlihat dari hasil optimalisasi indikator MFI optimized cenderung
konsolidasi, sementara itu indikator W%R optimized dan indikator RSI optimized masih
cenderung naik. Daily support di 310 sementara itu daily resistance di 320. Cut
loss level di 300.
Figure 13. Daily, MFI optimized, W%R optimized & RSI Optimized
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
WEGE.JK - MFI Smoothed = 39.44
39.4425
WEGE.JK - Will%R Smoothed = -72.80
-72.7987
WEGE.JK - RSI Smoothed = 36.76
36.7562
_____ 320.7
_____ 309.5
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
WEGE.JK [ WEGE.JK ] - Daily - 1/13/2020 Open: 312 High: 320 Low: 310 Close: 314 Vol. 15,149,800
Prev. Avg. Price: 314.7
R-Squared: 0.6729
Period: 31
Std.Dev: 0.97
Volatility (+) : 0.0192
Volatility (-) : -0.0166
V-Ratio : 1.16
Chg.: 0.64%
314
307.864
324.586
Oct 7 14 21 28 Nov 11 18 25 Dec 9 16 23 30 2020 13
WEGE.JK - Volume = 15,149,800.00, MA(Volume,7) = 23,590,042.00
15,149,800
23,590,042
14 Januari, 2020
12
Embun Pagi
Mirae Asset Sekuritas Indonesia
Harga saat ini akan coba naik dan bertahan diatas rata-rata pada masing-
masing periode.
Untuk mampu naik lebih lanjut, harga saham saat ini harus mampu minimal bertahan
diatas rata-rata masing-masing periode (positive area) . Lebih lanjut potensi kenaikkan
normal harga pada pergerakkan daily sekitar +1.92% saat ini di level +0.64%
Sementara itu pada pergerakkan weekly kenaikkan normal sekitar +3.92% saat ini
harga di level +0.64%. Pada pergerakan monthly kenaikkan normal sekitar +10.98%
saat ini di +2.61%. Dengan demikian diperkirakan potensi kenaikkan masih terlihat.
Pada Figure 14,15 dan 16 terlihat perkiraan normal trading range untuk masing-masing
periode.
Figure 14. Daily : 310 – 320 Figure 15. Weekly : 300 – 328 Figure 16. Monthly : 290 – 354
, x`
x` x` x
,
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 320.7
_____ 309.5
314.7
WEGE.JK [ WEGE.JK ] - Daily - 1/13/2020 Open: 312 High: 320 Low:
Prev. Avg. Price: 314.7
R-Squared: 0.6729
Period: 31
Std.Dev: 0.97
Volatility (+) : 0.0192
Volatility (-) : -0.0166
V-Ratio : 1.16
Chg.: 0.64%
314
23 30 2020 13
WEGE.JK - Volume = 15,149,800.00
15,149,800
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 327.0
_____ 299.4
314.7
WEGE.JK [ WEGE.JK ] - Weekly - 1/19/2020 Open: 312 High: 320
Prev. Avg. Price: 314.7
R-Squared: 0.5001
Period: 24
Std.Dev: 0.67
Volatility (+) : 0.0392
Volatility (-) : -0.0486
V-Ratio : 0.81
Chg.: 0.64%
314
Dec 2020
WEGE.JK - Volume = 15,149,800.00
15,149,800
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 354.4
_____ 287.7
319.3
WEGE.JK [ WEGE.JK ] - Monthly - 1/13/2020 Open: 306 High: 340
Prev. Avg. Price: 319.3
R-Squared: 0.5427
Period: 11
Std.Dev: 0.74
Volatility (+) : 0.1098
Volatility (-) : -0.0991
V-Ratio : 1.11
Chg.: 2.61%
314
Jul Oct 2020
WEGE.JK - Volume = 218,176,576.00
218,176,576
14 Januari, 2020
13
Embun Pagi
Mirae Asset Sekuritas Indonesia
Waskita Karya (WSKT)– Daily , Trading Buy
Harga akan coba naik dan bertahan diatas normal lower band pada
uptrend channel.
Secara umum harga saham ini berada dalam pola uptrend trend channel dimana
korelasi pergerakkan harga masih belum relatif valid (r-squared = 0.6707) selama 30
hari terakhir dan bergerak normal dalam rentang +/- 0.97 std.deviasi dari centerline.
Harga keluar dari pergerakan normalnya sekitar 32.93% (sekitar 10 bar chart ). Rata-
rata volatilitas normal pergerakan harga saat ini antara +1.83%/ -1.63% atau +27.45
rupiah / -24.45 rupiah (rata-rata pergerakan normal positif / negatif, selama periode
analisis) sebagaimana terlihat pada Figure 17.
Summary
Item Data Item Data
Close (Jan 13, 2020) 1,500(+1.69%) Trading range 1,470 – 1,525
Relative Avg. Price performance to JCI (%) 4.77 Target
β (beta) 1.61 - Daily 1,525
Corelation 0.85 - Weekly 1,540
Period 30 - Monthly 1,605
r-squared 0.6707 Stop loss 1,435
Volatility (+/-, %) +1.83/ -1.63
Volatility (+/-, Rp.) +27.45/ -24.45
Source: Mirae Asset Sekuritas Indonesia Research
Figure 17. Daily – Uptrend
Source: Mirae Asset Sekuritas Indonesia Research
,
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,524.0
_____ 1,472.3
Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010 Tasrul Optimization Trading System - ©2010
WSKT.JK [ WSKT.JK ] - Daily - 1/13/2020 Open: 1,490 High: 1,515 Low: 1,475 Close: 1,500 Vol. 40,192,100
Prev. Avg. Price: 1,496.7
R-Squared: 0.6707
Period: 30
Std.Dev: 0.97
Volatility (+) : 0.0183
Volatility (-) : -0.0163
V-Ratio : 1.12
Chg.: 1.69%
1,500
1,499.17
1,497.11
1,437.41
1,435.78
1,549.32
1,549.32
1,601.54
1,662.87
4 11 18 25 Dec 9 16 23 30 2020 6 13
WSKT.JK - Volume = 40,192,100.00, MA(Volume,6) = 34,668,568.00
40,192,100
34,668,568
14 Januari, 2020
14
Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana masuk dan volatilitas harga naik masih terlihat.
Pada Figure 18, terlihat dari hasil optimalisasi. Indikator MFI optimized, indikator W%R
optimized dan indikator RSI optimized masih cenderung naik. Perkiraan daily support di
1,470 dan daily resistance di 1,525.Cut loss level di 1,435.
Figure 18. Daily ,MFI optimized ,W%R optimized & RSI optimized
XXXXXXXXXXXXX XX,
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
WSKT.JK - MFI Smoothed = 47.31
47.3116
WSKT.JK - Will%R Smoothed = -31.82
-31.8187
WSKT.JK - RSI Smoothed = 52.61
52.6128
_____ 1,524.0_____ 1,472.3
Tasrul Optimization Trading System - ©2010 - Powered by AMTA
WSKT.JK [ WSKT.JK ] - Daily - 1/13/2020 Open: 1,490 High: 1,515 Low: 1,475 Close: 1,500 Vol. 40,192,100
Prev. Avg. Price: 1,496.7
R-Squared: 0.6707
Period: 30
Std.Dev: 0.97
Volatility (+) : 0.0183
Volatility (-) : -0.0163
V-Ratio : 1.12
Chg.: 1.69% 1,500
1,437.41
Jul Aug Sep Oct Nov Dec 2020
WSKT.JK - Volume = 40,192,100.00, MA(Volume,6) = 34,668,568.00
40,192,100
34,668,568
14 Januari, 2020
15
Embun Pagi
Mirae Asset Sekuritas Indonesia
Harga akan coba bertahan diatas rata-rata pada masing-masing periode.
Untuk mampu naik lebih lanjut, harga saham saat ini harus mampu minimal bertahan
diatas rata-rata masing-masing periode (positive area) . Jika dilihat lebih lanjut potensi
kenaikkan harga pada pergerakkan daily sekitar +1.83%, saat ini di level +1.69%. Pada
pergerakkan weekly potensi kenaikkan normal sekitar +2.99%, saat ini di level +1.69%.
Sementara pergerakkan monthly saat ini level +1.01% sementara kenaikkan normal di
+7.07%. Dengan demikian potensi kenaikkan secara umum masih terlihat. Pada Figure
19,20 dan 21 terlihat perkiraan normal trading range untuk masing-masing periode.
Figure 19. Daily : 1,470 – 1,525 Figure 20. Weekly : 1,440 – 1,540 Figure 21. Monthly : 1,370 – 1,605
,,
x` x,
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Source: Mirae Asset Sekuritas Indonesia Research
Relative Avg.Price Performance to JCI (%) : Persentase kenaikan harga saham dari rata-rata sejak IHSG memulai uptrend-nya β (beta) : Indikator sensitivitas harga saham terhadap IHSG, beta diatas 1 berarti harga makin
sensitif terhadap pergerakan IHSG dan sebaliknya Correlation : Ukuran kuat hubungan (korelasi) pergerakan harga saham dibanding dengan pergerakan IHSG selama periode analisis. Period : Periode uptrend / downtrend yang valid dari pergerakan harga saham. r-squared : Koefisien determinasi, menunjukkan persentase gerakan yang dapat dijelaskan dengan regresi linier.Nilai R2 terletak antara 0 – 1, dan kecocokan model dikatakan lebih baik kalau R2 semakin mendekati 1 (validitas uptrend atau downtrend makin valid) Volatility (+/-%) : Besaran volatilitas normal positif/negatif dari pergerakan harga harian selama harga saham bergerak normal pada trend channel dalam persentase. Volatility (+/- point or Rp) : Besaran volatilitas normal positifl/negatif dari pergerakan harga harian selama harga saham bergerak dalam periode analisis.
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,524.0
_____ 1,472.3
1,496.7
WSKT.JK [ WSKT.JK ] - Daily - 1/13/2020 Open: 1,490 High: 1,515
Prev. Avg. Price: 1,496.7
R-Squared: 0.6707
Period: 30
Std.Dev: 0.97
Volatility (+) : 0.0183
Volatility (-) : -0.0163
V-Ratio : 1.12
Chg.: 1.69%
1,500
30 2020 6 13
WSKT.JK - Volume = 40,192,100.00
40,192,100
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,541.4
_____ 1,437.8
1,496.7
WSKT.JK [ WSKT.JK ] - Weekly - 1/19/2020 Open: 1,490 High: 1,515
Prev. Avg. Price: 1,496.7
R-Squared: 0.7999
Period: 32
Std.Dev: 1.28
Volatility (+) : 0.0299
Volatility (-) : -0.0393
V-Ratio : 0.76
Chg.: 1.69%
1,500
Dec 2020
WSKT.JK - Volume = 40,192,100.00
40,192,100
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,604.3
_____ 1,370.4
1,498.3
WSKT.JK [ WSKT.JK ] - Monthly - 1/13/2020 Open: 1,485 High: 1,560
Prev. Avg. Price: 1,498.3
R-Squared: 0.6637
Period: 44
Std.Dev: 0.96
Volatility (+) : 0.0707
Volatility (-) : -0.0854
V-Ratio : 0.83
Chg.: 1.01%
1,500
Jul Oct 2020
WSKT.JK - Volume = 304,177,216.00
304,177,216
14 Januari, 2020
16
Embun Pagi
Mirae Asset Sekuritas Indonesia
Chart 22. JCI Vs. USD/IDR Chart 23. JCI performance (absolute vs. relative)
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Note: Relative to MSCI EM Index
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Chart 24. Foreigner’s net purchase (EM) Chart 25. Energy price
V
Note: The latest figure for India and Philippines are Jan 10
th, 2020
Source: Bloomberg, Mirae Asset Sekuritas Indonesia Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Chart 26. Non-ferrous metal price Chart 27. Precious metal price
Source: Bloomberg, Mirae Asset Sekuritas Indonesia Source: Bloomberg, Mirae Asset Sekuritas Indonesia
13,600
13,700
13,800
13,900
14,000
14,100
14,200
14,300
5,800
5,900
6,000
6,100
6,200
6,300
6,400
10/14 11/11 12/9 1/6
(IDR) (pt) JCI (L) USD/IDR (R)
0.3 0.6 1.6
-0.6 -0.6
-2.2
-3.7
-14.9 -16
-12
-8
-4
0
4
1D 1W 1M 1Y
Absolute Relative(%, %p)
201
388
18
-8
9
93
1,033
405
95 31
-25 -21
-200
0
200
400
600
800
1,000
1,200
Korea Taiwan Indonesia Thailand Philippines India
1 Day 5 Days (USDmn) (USDmn)
80
90
100
110
6/27 7/25 8/22 9/19
CPO WTI Coal(D-3M=100) (D-3M=100)
80
90
100
110
120
130
140
150
160
10/14 11/11 12/9 1/6
CPO WTI Coal(D-3M=100)
70
80
90
100
110
120
10/19 11/19 12/19 01/20
(D-3M=100) Copper Nickel Tin
90
95
100
105
110
115
120
10/19 11/19 12/19 01/20
(D-3M=100) Silver Gold Platinum
14 Januari, 2020
17
Embun Pagi
Mirae Asset Sekuritas Indonesia
Table. Key valuation metrics
Company Name Ticker Price Market Cap Price Performance (%) P/E(X)* P/B(X)* ROE(%)*
(IDR) (IDRbn) 1D 1W 1M 1Y FY18 FY19 FY18 FY19 FY18 FY19
Jakarta Composite Index JCI 6,297 7,288,332 0.3 0.6 1.6 -0.6 14.7 12.8 2.1 2.0 17.1 1.4
FINANCIALS
Bank Central Asia BBCA 33,725 831,490 0.3 0.1 6.1 29.7 28.9 25.5 4.8 4.2 17.7 17.6
Bank Mandiri Persero BMRI 7,725 360,500 0.0 1.6 4.7 0.3 13.2 11.7 1.8 1.7 14.4 15.3
Bank Rakyat Indonesia Persero BBRI 4,510 556,290 2.3 3.2 5.4 19.0 15.9 14.0 2.7 2.5 18.0 18.6
Bank Negara Indonesia Persero BBNI 7,775 144,993 0.6 2.0 1.6 -12.4 9.2 8.2 1.2 1.1 13.8 14.2
Bank Tabungan Negara Persero BBTN 2,150 22,769 -0.5 0.9 -0.9 -21.5 9.5 8.9 0.8 0.8 8.7 9.1
CONSUMER
HM Sampoerna HMSP 2,320 269,858 2.2 7.9 12.6 -38.8 18.7 19.7 7.5 7.4 39.9 37.3
Gudang Garam GGRM 58,325 112,222 0.4 7.3 12.1 -30.3 11.5 12.4 2.3 2.1 20.3 17.2
Indofood CBP Sukses Makmur ICBP 11,550 134,695 0.2 0.4 0.9 15.5 26.8 24.6 5.5 5.0 21.3 20.8
Indofood Sukses Makmur INDF 8,150 71,560 -1.2 1.9 5.2 10.1 15.1 13.4 2.0 1.9 12.1 12.6
Kalbe Farma KLBF 1,600 75,000 0.0 -2.4 0.0 -0.9 28.7 26.5 4.7 4.3 16.9 16.4
Unilever Indonesia UNVR 8,400 320,460 1.8 -0.9 1.9 -13.5 39.1 43.4 42.1 49.3 104.6 111.7
AGRICULTURAL
Astra Agro Lestari AALI 13,700 26,368 0.2 1.5 2.0 8.5 55.4 20.7 1.4 1.3 2.8 5.8
PP London Sumatera Indonesia LSIP 1,390 9,484 -2.8 1.5 -2.1 5.3 54.6 21.7 1.1 1.1 1.8 4.5
Sawit Sumbermas Sarana SSMS 800 7,620 -1.8 -3.0 -9.1 -33.6 34.8 16.0 1.8 1.6 N/A N/A
INFRASTRUCTURE
XL Axiata EXCL 3,310 35,377 0.6 2.2 2.2 56.9 56.0 29.1 1.9 1.8 3.3 5.9
Jasa Marga JSMR 5,225 37,922 0.5 1.0 0.0 8.4 18.3 17.6 2.0 1.8 11.0 10.0
Perusahaan Gas Negara PGAS 2,090 50,665 0.5 -2.8 -1.9 -9.1 15.3 8.5 1.3 1.3 8.7 9.8
Tower Bersama Infrastructure TBIG 1,150 26,056 -4.2 -6.9 0.4 25.8 28.6 25.5 6.8 6.6 25.1 26.6
Telekomunikasi Indonesia TLKM 4,030 399,221 1.3 1.8 1.0 6.2 18.7 16.6 3.7 3.5 20.2 21.4
Soechi Lines SOCI 172 1,214 0.6 2.4 -1.1 13.2 N/A N/A N/A N/A N/A N/A
Garuda Indonesia GIAA 472 12,218 1.3 -4.5 -5.2 51.3 N/A N/A 1.5 1.7 -11.9 -12.9
BASIC-INDUSTRIES
Semen Indonesia SMGR 12,175 72,216 -0.2 -0.8 -1.0 5.2 35.6 22.9 2.3 2.1 6.2 9.2
Charoen Pokphand Indonesia CPIN 7,000 114,786 -3.4 2.2 2.9 -11.7 33.3 27.4 5.4 4.8 16.8 17.7
Indocement Tunggal Prakarsa INTP 18,400 67,735 1.5 -2.5 -8.0 2.2 41.4 33.0 2.9 2.8 7.0 8.7
Japfa Comfeed Indonesia JPFA 1,620 18,997 -1.8 3.2 2.9 -25.0 11.9 9.8 1.8 1.6 14.9 16.5
MINING
Indo Tambangraya Megah ITMG 13,350 15,084 5.3 13.1 20.8 -40.0 7.8 8.3 1.2 1.2 15.2 14.8
Adaro Energy ADRO 1,565 50,058 1.0 6.8 -1.6 11.0 8.2 8.8 0.9 0.9 10.9 9.1
Aneka Tambang ANTM 870 20,907 -1.7 -1.7 2.4 11.5 22.3 17.2 1.0 1.0 4.6 5.5
Vale Indonesia INCO 3,460 34,380 -1.4 -2.0 -0.9 2.1 50.6 25.3 1.3 1.2 2.7 4.7
Tambang Batubara Bukit Asam PTBA 2,830 32,603 1.8 3.7 9.7 -35.5 7.8 8.8 1.8 1.7 23.8 20.0
TRADE
United Tractors UNTR 23,050 85,980 3.6 6.8 8.9 -11.3 7.8 8.0 1.4 1.3 18.8 16.8
AKR Corporindo AKRA 3,600 14,453 -0.3 -1.1 -6.3 -18.7 17.3 16.1 1.7 1.6 10.6 10.2
Global Mediacom BMTR 360 5,520 1.1 7.1 1.7 9.1 2.5 2.4 0.4 0.4 19.5 17.5
Matahari Department Store LPPF 4,230 11,865 2.7 0.7 14.3 -29.5 8.2 8.1 5.3 4.3 72.8 56.9
Media Nusantara Citra MNCN 1,600 22,842 0.3 0.0 0.6 95.1 10.7 9.3 1.9 1.7 18.7 18.4
Matahari Putra Prima MPPA 147 1,107 1.4 -2.0 7.3 -13.0 N/A N/A N/A N/A N/A N/A
Surya Citra Media SCMA 1,480 21,867 -1.0 6.1 2.4 -22.3 15.9 14.3 4.1 3.7 27.8 27.6
Siloam International Hospital SILO 6,700 10,893 -0.7 0.0 -3.2 95.9 223.2 126.3 1.7 1.6 0.8 1.3
PROPERTY
Bumi Serpong Damai BSDE 1,255 24,155 2.4 -2.0 0.0 -14.9 9.9 11.5 0.8 0.8 8.8 7.1
Adhi Karya ADHI 1,215 4,326 3.0 2.5 -0.8 -30.6 6.2 5.4 0.6 0.6 10.8 11.1
Alam Sutera Relaty ASRI 246 4,834 5.1 5.1 1.7 -28.1 8.2 6.8 0.5 0.4 4.7 6.0
Ciputra Development CTRA 1,060 19,674 2.4 3.9 0.0 1.4 20.2 18.7 1.3 1.2 6.3 6.3
Lippo Karawaci LPKR 234 16,590 -0.8 -0.8 -2.5 10.9 23.6 20.4 0.6 0.6 2.0 2.7
Pembangunan Perumahan PTPP 1,700 10,540 0.0 0.3 3.0 -24.1 7.8 6.5 0.7 0.7 9.8 11.0
Pakuwon Jati PWON 585 28,173 4.5 7.3 2.6 -12.7 10.6 10.3 1.9 1.7 18.3 15.3
Summarecon Agung SMRA 1,010 14,571 3.1 2.0 -1.9 1.0 30.7 26.6 2.0 1.8 6.4 7.6
Wijaya Karya WIKA 2,170 19,465 0.5 2.8 5.9 16.4 9.7 8.5 1.2 1.1 12.8 13.0
Waskita Karya WSKT 1,500 20,361 1.7 -0.7 3.8 -24.1 7.2 7.3 1.0 0.9 11.8 10.6
MISCELLANEOUS
Astra International ASII 6,925 280,349 1.5 2.6 1.1 -15.0 13.2 12.1 1.9 1.7 14.5 14.5
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
*Note: Valuation metrics based on Bloomberg consensus estimates
14 Januari, 2020
18
Embun Pagi
Mirae Asset Sekuritas Indonesia
Sector performance Top 10 market cap performance
Name Index Chg (%) Ticker Price Market Cap
(IDRbn) Chg (%)
Agricultural 1,464.3 -1.0 ITMG IJ 13350 15,084 5.33
Mining 1,578.5 -0.4
ERAA IJ 1780 5,678 5.33
Basic-Industry 937.9 -1.4 SRIL IJ 270 5,522 4.65
Miscellaneous Industry 1,219.3 1.0 PWON IJ 585 28,173 4.46
Consumer Goods 2,114.4 0.8 UNTR IJ 23050 85,980 3.60
Property & Construction 497.8 0.6
SMRA IJ 1010 14,571 3.06
Infrastructure 1,136.9 0.7 LPPF IJ 4230 11,865 2.67
Finance 1,360.1 0.6 RMBA IJ 320 11,648 2.56
Trade 755.6 0.1 BSDE IJ 1255 24,155 2.45
Composite 6,296.6 0.3 CTRA IJ 1060 19,674 2.42
Source: Bloomberg
Top 5 leading movers Top 5 lagging movers
Name Chg (%) Close Name Chg (%) Close
BBRI IJ 2.3 4,510 BRPT IJ -5.1 1,210
HMSP IJ 2.2 2,320 CPIN IJ -3.5 7,000
UNVR IJ 1.8 8,400 MIKA IJ -5.3 2,500
TLKM IJ 1.3 4,030 MEGA IJ -3.2 5,325
ASII IJ 1.5 6,925 BYAN IJ -2.2 15,400
Source: Bloomberg
Economic Calendar
Time Currency Detail Forecast Previous
2:00am USD Federal Budget Balance 5.0B -208.8B
4:00am NZD NZIER Business Confidence -40
4:45am NZD Building Consents m/m -1.3%
5:00am USD Treasury Currency Report
6:50am JPY Bank Lending y/y 2.1% 2.1%
6:50am JPY Current Account 1.78T 1.73T
Tentative CNY Trade Balance 315B 274B
Tentative CNY USD-Denominated Trade Balance 45.8B 38.7B
12:00pm JPY Economy Watchers Sentiment 40.9 39.4
6:00pm USD NFIB Small Business Index 104.9 104.7
8:30pm USD CPI m/m 0.2% 0.3%
8:30pm USD Core CPI m/m 0.2% 0.2%
9:00pm USD FOMC Member Williams Speaks
Tentative USD IBD/TIPP Economic Optimism 57.3 57.0
Note: Time is based on Indonesian local time
Source: Forex Factory
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