daily highlight - mncsekuritas.id filept integra indocabinet (wood). perseroan optimistis nilai...
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358.38
MNC 36
-0.15 (+0.04%)
Volume (million share) 15,315
Value (billion Rp) 9,732
Market Cap. 7,113
Average PE 14.8
Average PBV 2.6
Today Trade
DAILY HIGHLIGHT MNC Sekuritas Research Ritail Division
Thursday, January 10, 2019
Real GDP (YoY) 5.17
Inflation rate (YoY) 3.13
BI 7-days repo rate 6.0
Indonesia Economy
LPS rate 6.75
Last (%) Prev (%)
5.27
3.23
6.0
6.75
JCI +0.15
Dow Jones +0.39
S&P 500 +0.41
Global Indexes
FTSE 100 +0.94
Index d/d (%) YTD (%)
+1.25
+2.36
+3.12
+4.67
Nikkei +1.10 +2.06
Last
6,272
23,879
2,584
19,179
20,427
6,272.238
IHSG
+9.39 (+0.15%)
Crude Oil (USD/ barrel)
+5.18
Coal (USD/ton) +0.31
Gold (USD/oz) +0.17
Commodities
Nickel (USD/ton) +0.63
Commodity d/d (%) YTD (%)
+15.30
-3.87
+0.75
+5.24
CPO (RM/Mton) -0.24 +4.99
Tin (US/Ton) +0.63 +3.03
Last
52.36
98.1
2.15
70
2,104
20,065
FX
Currency d/d (%) YTD (%)
USD/IDR +0.16 +1.84
EUR/USD -0.89 -0.66
GBP/USD -0.57 -0.27
USD/JPY +0.53 +1.39
Last
14,125
1.15
1.28
10.17
Seiring dengan sinyal positif dari The Fed yang akan melonggarkan kebijakan moneternya dan risiko perselisihan dagang antara US-China menurun, bursa saham global menguat. Ditambah lagi, harga minyak mentah menguat signif-ikan seiring dengan persediaan minyak mentah AS menurun. Karenanya, kemungkinan besar IHSG berpotensi menguat hari ini dengan support-resistance level: 6,261-6,307. Adapun, saham-saham yang direkomendasikan hari ini, seperti: ITMG, TINS, BEST, TKIM, dan ANTM.
MNCS Update
FOMC minutes telah dirilis menunjukkan bahwa pembuat kebijakan The Fed memberikan sinyal akan melonggarkan kebijakan moneternya. Hal tersebut berpengaruh positif terhadap financial market, khususnya stocks dan bonds market. Dollar index menyentuh level terendah dalam 12-pekan sementara Wall Street berlanjut menguat. Dow menguat +0.39% dan S&P500 menguat +0.41%. Ditambah lagi, sentimen positif datang dari perselisihan dagang menemukan titik cerah. Kebijakan dagang China berkomitmen membeli lebih banyak barang AS. Adapun, di pasar komoditi, stok minyak mentah AS menunjukkan penurunan. Selain itu, risiko perselisihan dagang antara US-China menurun. Kedua hal tersebut berpengaruh positif terhadap harga min-yak mentah. Tercermin, harga mentah WTI menguat signifikan +4.80%. Pada perdagangan 09Jan, bursa saham domestik menguat mengikuti pen-guatan pada bursa saham emerging markets Asia. IHSG menguat +0.15% dengan didorong oleh penguatan pada sektor: agriculture (+1.80%) dan prop-erty (+0.77%). Saham-saham sebagai leading movers, yaitu: BMRI, BBRI, ISAT, UNTR, dan TBIG. Investor asing berlanjut mencatatkan net buy IDR 836.8 mil-iar.
Global Market
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Grafik 1. JCI VS Cummulative Annual of Net Buy (Sell) Foreign
Page 1
Source: Bloomberg and MNCS
Corporate News
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PT Integra Indocabinet (WOOD). Perseroan optimistis nilai penjualan dapat tumbuh 20% pada 2019, sejalan dengan strategi perluasan pasar dan peluncuran produk baru. Sementara penjualan sepanjang tahun 2018 tumbuh 16%-17% atau mencapai Rp2,01 triliun - Rp2,03 triliun dibandingkan tahun 2017 sebesar Rp1,73 triliun. Laba bersih tahun 2018 diyakini dapat tumbuh 8%-11% atau sekitar Rp187,41 miliar - Rp192,61 miliar dibandingkan dengan tahun 2017 sebe-sar Rp 173,53 miliar. Adapun, laba bersih pada tahun 2019 diperkirakan meningkat 8%-9% dibandingkan dengan perkiraan 2018 atau menjadi sebesar Rp202,40 miliar - Rp204,28 miliar. PT Golden Energy Mines (GEMS). Perseroan memperkirakan penjualan batu bara sepanjang tahun 2019 dapat men-capai 30 juta—31 juta ton, atau naik sekitar 42,2% dibandingkan dengan target tahun 2018 sebesar 21,8 juta ton. PT Mahkota Group (MGRO). Perseroan menargetkan penjualan pada tahun 2019 mencapai Rp5 triliun atau naik lebih dari dua kali lipat dari target tahun 2018. Adapun target pendapatan perseroan pada 2018 senilai Rp2 triliun. Target tersebut dipatok sejalan dengan rampungnya pabrik baru refinery pada Juni 2019. Pada 2018, target laba perseroan senilai Rp50 miliar dan target pada tahun 2019 senilai Rp123 miliar. PT Indosat (ISAT). Harga saham perseroan pada perdagangan Rabu (9/1/2019) ditutup menguat paling tinggi 24,65% di level Rp 2.250 /saham setelah dihantam isu rencana akuisisi Viettel, operator seluler Vietnam. Jika dari sisi harga di perus-ahaan telco yang paling murah adalah perseroan, book value-nya 0,8-0,9 kali sementara jika FREN [PT Smartfren Telecom Tbk] 2,5 kali. Selain itu, perseroan juga dinilai memiliki basis pelanggan yang cukup besar di Indonesia, sekitar 50-70 juta, sehingga potensi untuk akuisisi sangat kuat. (CNBC Indonesia)
Economic News
The Fed melonggarkan kebijakan moneternya. FOMC minutes menunjukkan bahwa pembuat kebijakan Federal Re-serve merevisi turun penilaian mereka tentang jalur yang tepat untuk kebijakan moneter di tengah meningkatnya kek-hawatiran tentang volatilitas di pasar keuangan, ketegangan perdagangan dan pertumbuhan global yang tidak menentu. Pembuat kebijakan juga mencatat bahwa bank sentral mampu bersabar tentang kebijakan lebih lanjut karena inflasi masih diredam. (Trading Economics) Stok minyak mentah AS turun. Stok minyak mentah AS turun 1,68 juta barel dalam pekan yang berakhir 4 Januari 2019, menyusul kenaikan 0,01 juta pada minggu sebelumnya dan dibandingkan dengan ekspektasi pasar penurunan 2,40 juta. Sementara itu, persediaan bensin naik 8,07 juta barel, terbesar dalam dua tahun dan jauh lebih banyak dari yang di-perkirakan meningkat 3,39 juta barel. (Trading Economics) Pemerintah China sepakat membeli lebih banyak barang AS. Administrasi Trump mendorong cara untuk memastikan China memenuhi komitmennya dalam kesepakatan apa pun yang dicapai kedua negara untuk meredakan perang dagang yang telah mengguncang pasar keuangan dan meredupkan prospek pertumbuhan global. AS menyelesaikan tiga hari perundingan tingkat menengah dengan China di Beijing pada hari Rabu, mencatat komitmen pemerintah Presiden Xi Jinping untuk membeli lebih banyak barang pertanian, energi, dan produk manufaktur AS. (Bloomberg)
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Support 2 Support 1 Resistance 1 Resistance 2
6,240 6,261 6,307 6,332
Price
6,286
IDX Composite 6,226 - 6,300 SUMMARY: STRONG BUY & DISTIBUTION
RSI (14): BUY STOCH (9,6): BUY MACD(12,26): BUY VO: BUY BANDARMOLOGY: TOP 5 BROKER ACCU-
MULATED PERIODE (10 DAYS): DISTRIBU-T IO N N ET BU Y S EL L A S I N G : PERIODE (10 DAYS): DISTRIBUTION
PT Aneka Tambang Tbk. (ANTM)
PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM)
Daily Recommendation
Support 2 Support 1 Resistance 1 Resistance 2
751 763 788 801
Price
776
Support 2 Support 1 Resistance 1 Resistance 2
11,069 11,288 11,713 11,919
Price
11,494
JCI
ANTM 760 - 840 TECHNICAL INDICATORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): NEUTRAL
MACD(12,26): BUY
VO: SELL
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): DISTRIBU-T IO N N ET BU Y S EL L A S I N G : PERIODE (10 DAYS): ACCUMULATION
TKIM 11500 - 12250 TECHNICAL INDICA-TORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): BUY
MACD(12,26): BUY
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): ACCUMU-LATION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
Page 3
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Support 2 Support 1 Resistance 1 Resistance 2
196 204 224 236
Price
216
BEST 210 - 230 TECHNICAL INDICATORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): SELL
MACD(12,26): MACD
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): DISTRIBU-T IO N N ET BU Y S EL L A S I N G : PERIODE (10 DAYS): DISTRIBUTION.
PT Timah Tbk (TINS)
TINS 850 - 925 TECHNICAL INDICATORS: STRONG BUY
RSI (14): OVERBOUGHT
STOCH (9,6): SELL
MACD(12,26): BUY
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): ACCUMU-LATION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
PT Indo Tambangraya Megah Tbk (ITMG)
ITMG 22000 - 23000 TECHNICAL INDICA-TORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): OVRRBOUGHT
MACD(12,26): SELL
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): ACCUMU-LATION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
Support 2 Support 1 Resistance 1 Resistance 2
759 793 858 999
Price
824
Support 2 Support 1 Resistance 1 Resistance 2
21,913 22,125 22,525 22,713
Price
22,313
PT Bekasi Fajar Industrial Estate Tbk (BEST)
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MNC36 Stock Metrics
Ticker ROE 5YR
P/E P/BV VWAP TP Support 2 Support 1 Price Resist 1 Reseist 2 Recommendation
FINANCIAL
BBCA 18.80 25.95 4.51 27000 26310 25844 26038 26319 26513 26794 Trading SELL
BBNI 15.17 11.09 1.62 9400 8870 8744 8788 8869 8913 8994 Trading SELL
BBRI 19.07 14.23 2.62 3905 3722 3668 3695 3718 3745 3768 Spec BUY
BBTN 15.10 8.70 1.22 2921 2716 2620 2640 2700 2720 2780 Trading SELL
BDMN 9.45 23.62 1.95 7300 8171 7919 8013 8194 8288 8469 Trading SELL
BJTM 15.85 8.94 1.31 700 715 690 705 720 735 750 Neutral
BMRI 13.39 14.94 2.04 8238 7532 7356 7488 7531 7663 7706 Spec BUY
BNGA 8.78 8.10 0.71 1195 1104 1080 1085 1100 1105 1120 Trading SELL
BTPN 8.58 14.39 1.21 4500 3677 3578 3635 3688 3745 3798 Spec BUY
TRADE, SERVICE, AND INVESTMENT
ACES 25.09 30.52 7.59 1675 1695 1626 1668 1691 1733 1756 Spec BUY
MAPI 12.93 25.36 2.82 1050 904 849 863 894 908 939 Trading SELL
SCMA 34.24 18.91 5.89 2225 1849 1814 1828 1849 1863 1884 Trading SELL
UNTR 19.42 9.67 2.02 42300 28002 27444 27813 28019 28388 28594 Spec BUY
PROPERTY AND REAL ESTATE
PWON 20.26 14.24 2.69 695 662 639 648 664 673 689 Trading SELL
WSKT 34.25 5.19 1.56 2135 2020 1961 1983 2016 2038 2071 Trading SELL
CONSUMER
GGRM 19.39 19.23 3.63 94425 81085 78894 79688 81319 82113 83744 Trading SELL
ICBP 20.87 28.19 5.73 10200 10248 10150 10200 10250 10300 10350 Neutral
KAEF 13.89 39.95 5.50 2600 2601 2395 2500 2575 2680 2755 Spec BUY
KLBF 18.86 29.73 5.18 1400 1557 1503 1515 1553 1565 1603 Trading SELL
MYOR 24.38 33.27 7.62 2800 2658 2585 2600 2645 2660 2705 Trading SELL
SIDO 20.27 19.97 4.28 980 843 834 843 849 858 864 Spec BUY
UNVR 121.48 38.66 39.13 43750 46595 44500 45000 46500 47000 48500 Trading SELL
MISCELLANEOUS INDUSTRY
ASII 16.18 15.25 2.51 9120 8198 8081 8138 8206 8263 8331 Trading SELL
AGRICULTURE
SSMS 19.17 22.19 2.67 1300 1199 1185 1200 1205 1220 1225 Spec BUY
BASIC INDUSTRY
INKP 15.88 6.98 1.21 15063 11541 11269 11438 11544 11713 11819 Spec BUY
JPFA 15.43 14.14 2.88 2775 2224 2178 2205 2228 2255 2278 Spec BUY
SMGR 7.86 25.17 2.20 12400 11178 10825 11000 11225 11400 11625 Trading SELL
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Ticker ROE 5YR
P/E P/BV VWAP TP Support 2 Support 1 Price Resist 1 Reseist 2 Recommendation
INFRASTRUCTURE
INDY 36.80 1.97 0.72 2150 1977 1859 1908 1964 2013 2069 Trading SELL
JSMR 15.56 17.29 2.21 5438 4905 4705 4830 4905 5030 5105 Spec BUY
PGAS 5.86 14.71 1.17 2400 2262 2213 2235 2263 2285 2313 Trading SELL
TLKM 23.13 20.02 4.08 4350 3772 3655 3680 3755 3780 3855 Trading SELL
COMPANY GROUP
BHIT -1.32 N/A 0.25 415 64 59 62 65 68 71 Spec BUY
BMTR 4.00 10.15 0.45 700 290 277 287 291 301 305 Spec BUY
MNCN 14.20 7.75 0.99 1060 758 729 743 754 768 779 Spec BUY
BABP -29.54 N/A 0.79 -- 50 50 50 50 50 50 Neutral
BCAP -4.39 N/A 1.16 322 150 145 148 149 152 153 Spec BUY
IATA -18.83 N/A 0.92 -- 50 50 50 50 50 50 Neutral
KPIG 10.70 7.59 0.80 -- 132 128 130 133 135 138 Trading SELL
MSKY -16.21 N/A 3.60 700 831 735 750 795 810 855 Trading SELL
MINING
ADRO 13.75 7.45 0.86 2260 1411 1346 1368 1401 1423 1456 Trading SELL
ANTM 2.46 17.06 0.98 1118 779 754 768 779 793 804 Spec BUY
ITMG 27.42 6.30 1.73 30175 22321 21975 22250 22375 22650 22775 Spec BUY
PTBA 38.75 7.89 3.10 5000 4361 4263 4285 4353 4375 4443 Trading SELL
Source: Bloomberg and MNCS
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TOP TRADING VOLUME
Code (Mill Sh) %
MABA 1,556 11
BRMS 1,367 9.7
SRIL 1,137 8
MYRX 992 7
TRAM 610 4.3
TOP TRADING VALUE
Code (Bill.Rp) %
BBCA 633 7.6
TLKM 570 6.9
BBRI 550 6.6
BMRI 458 5.5
ASII 440 5.3
TOP LOSERS
Code Chg %
MTSM -56 -24.8
JECC -1,325 -19.9
ABDA -1,375 -19.7
SKBM -100 -15.4
INTD -32 -15
TOP GAINERS
Code Chg %
INPP +130 +25
ISAT +445 +24.7
FOOD +56 +24.6
RELI +78 +23.5
ANDI +455 +23.4
Trading Summary
Economic Calender
Date Country Event Actual Previous Consensus
01/10 China Inflation Rate YoY DEC 1.9% 2.2% 2.1%
01/10 Indonesia Loan Growth YoY DEC - 12.05% -
01/10 Indonesia Car Sales YoY DEC - 4.2% -
01/10 Europe Zone ECB Monetary Policy Meeting Accounts - - -
01/10 US Initial Jobless Claims 06/JAN - 221K 225K
IPO Schedule
Company Code IPO Price (IDR)
Issued Share (Mn)
Offering Start-End Listing
PT Sentra Food Indonesia Tbk FOOD 135 150 (23.07%) 02/01/2019 08/01/2019
PT Estika Tata Tiara Tbk BEEF 340 376.9 (20% 02/01/2019-04/01/2019 10/01/2019
PT Pollux Investasi Internasional Tbk POLI 1,635 402.1 02/01/2019-03/01/2019 10/01/2019
Dividend Schedule
Company Code Price Cum Date Ex Date Recording Date
PT Golden Energy Mines Tbk GEMS USD 0.00255 28/12/2018 02/01/2019 03/01/2019
PT Adaro Energy Tbk ADRO USD 0.00235 27/12/2018 28/12/2018 02/01/2019
PT Jasuindo Tiga Perkasa Tbk JTPE IDR 15 18/12/2018 19/12/2018 20/12/2018
Payment Date
10/01/2019
15/01/2019
08/01/2019
Right Issue Schedule
Company Code Price Ratio Ex Date Recording Date
Subscription Date
PT Indomobil Multi Jasa IMJS 700 3 : 20 02/01/2019 03/01/2019 15/01/2019
PT Asia Pacifiic Investama MYTX 100 19 : 4 26/12/2018 27/12/2018 08/01/2019
Cum Date
28/12/2018
21/12/2018
Source: Trading Economics
Source: RTI
Source: RTI
Source: RTI
Source: IDX
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MNC SEKURITAS RESEARCH TEAM
PT MNC Sekuritas MNC Financial Center Lt. 14 – 16
Jl. Kebon Sirih No. 21 - 27, Jakarta Pusat 10340 Telp : (021) 2980 3111 Fax : (021) 3983 6899
Disclaimer This research report has been issued by PT MNC Sekuritas. It may not be reproduced or further distributed or published, in whole or in part, for any purpose. PT MNC Sekuritas has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; PT MNC Sekuritas makes no guarantee, representation or warranty and accepts no responsibility to liability as to its accuracy or completeness. Expression of opinion herein are those of the research department only and are subject to change without notice. This document is not and should not be construed as an offer or the solicitation of an offer to purchase or subscribe or sell any investment. PT MNC Sekuritas and its affiliates and/or their offices, directors and employees may own or have positions in any investment mentioned herein or any investment related thereto and may from time to time add to or dispose of any such investment. PT MNC Sekuritas and its affiliates may act as market maker or have assumed an underwriting position in the securities of companies discusses herein (or investment related thereto) and may sell them to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies.
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