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OSODaily 29 April 2020
ODAY TOP STOCK TRADED (LQ45)
+++++
JAKARTA COMPOSITE INDEX
4.529,55 16,41
0,36% Previous 4.513,14 Lowest
4.494,47
Highest 4.532,38 Val IDR bn
6.165 Volbn 6,042 Mkt Cap IDRtr
5.237,41
Net Forg 1DIDRbn (1.103,66) Net ForgYTDIDRbn
(19.691,76) Return YTD (%) (28,10) Month to date (%)
(0,21)
Indices
Last Chg% YTD% Americas
Dow Jones United States 24.101,55 (0,13) (9,24) S&P 500 United States 2.863,39 (0,52) (2,71) Nasdaq United States 8.607,73 (1,40) 5,62 EIDO United States 15,44 0,00 (40,59) EMEA
FTSE 100 United Kingdom 5.958,50 1,91 (19,92)
CAC 40 France 4.569,79 1,43 (18,12) D DAX Germany 10.795,63 1,27 (12,43)
Asia Pacific Nikkei Japan 19.783,22 (0,06) (11,18) Shanghai China 2.815,50 (0,19) (8,95) TWSE Taiwan 10.567,27 0,46 (3,07) KOSPI Korea 1.922,77 0,59 (11,25) KLSE Malaysia 1.370,16 0,15 (16,25) ST – Times Singapore 2.549,40 0,53 (23,65) Sensex India 31.743,08 1,17 (17,80) Hangseng Hongkong 24.280,14 1,22 (16,99)
Sectoral Previous Last Chg% YTD% AGRICULTURE 918,39 941,40 2,51 (38,25) MINING 1.192,14 1.180,86 (0,95) (23,75) MISC INDUSTRY 707,62 713,13 0,78 (41,73) BASIC INDUSTRY 702,36 723,33 2,99 (26,05) CONSUMER GOODS 1.734,14 1.773,85 2,29 (13,58) PROPERTY 291,19 289,95 (0,42) (42,46) INFRASTRUKTUR 849,45 854,14 0,55 (24,91) FINANCE 916,57 902,54 (1,53) (33,38) MANUFAKTURE 1.110,14 1.135,96 2,33 (22,24) TRADE 588,18 591,85 0,62 (23,12) LQ 45 669,76 671,17 0,21 (33,84)
Commodities Previous Lastest Chg% YTD%
Oil (USD/bbl) 12,78 12,34 (3,44) (78,20) Gold (USD tr.oz) 1.713,99 1.707,79 (0,36) 12,49 Nickel (USD/mtrc ton) 12.244,00 12.294,00 0,41 (12,34) Tin (USD/mtrc ton) 15.460,00 15.345,00 (0,74) (10,66) Copper (USD/mtrc ton) 5.197,00 5.223,00 0,50 (15,40) CPO (MYR/ton) 2.050,00 2.051,00 0,05 (32,56) Coal (USD/ton) 50,45 51,20 1,49 (24,43)
Currencies
Last Chg% YTD% IDR / USD
15.445,00 (0,29) (10,22)
IDR / AUD
10.000,22 (2,17) (2,82) IDR / EUR
16.746,05 (1,08) (7,12)
IDR /SGD
10.885,18 (0,06) (5,30) IDR / JPY
144,17 (0,17) (11,41)
IDR / GBP
19.241,72 (1,42) (5,29) Global Macro Economics
CB Rate CPI YoY GDP YoY
United States 0,25 1,50 2,30 Euro Area 0,00 0,70 1,00 United Kingdom 0,10 1,50 1,10 Japan 0,10 0,40 -0,70 China 4,35 4,30 -6,80 Domestic macro Economics Latest Chg% YTD% Jibor 5,00 (15,02) 28,20 GovBonds (5y) 7,58 (0,43) 17,76 GovBonds (10y) 8,14 (0,87) 15,21
Inflasi YoY 2,96
Inflasi MoM 0,10 Bi rate 4,50 GDP Growth YoY (%) 4,97
Foreign Reserve (Bn) 120,97 Government Bonds Yield% Wow% Ytd% 7 Year 8,11 7,94 7,94 15 Year 8,15 8,15 8,15 20 Year 8,14 8,14 8,14 30 Year 8,17 8,17 8,17
Source: Bloomberg LP & OSO Research Team
Market Review Pada perdagangan kemarin (28/04) IHSG ditutup menguat sebesar 0,36% ke level 4.529.55. Tujuh dari sepuluh indeks sektoral ditutup dalam teritori positif, dimana sektor Industri Dasar dan Perkebunan memimpin penguatan masing-masing sebesar 2,99% dan 2,51%. Adapun saham yang menjadi penggerak indeks diantaranya ; UNVR, BRPT, EMTK, KLBF, TPIA. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 1,1 triliun. Nilai tukar rupiah terdepresiasi sebesar 0,29% ke level 15.445. Global Review Sementara itu semalam (28/04) bursa saham Wall Street kompak ditutup dalam zona merah, dimana Dow Jones dan S&P 500 turun sebesar 0,13% dan 0,52% sedangkan Nasdaq melemah sebesar 1,40%. Penurunan tersebut seiring dengan rilisnya beberapa data ekonomi AS yang masih belum membaik akibat dari pandemi Corona, tercatat dataWholesale Investories AS bulan mengalami penurunan sebesar 1% serta data indeks kepercayaan konsumen bulan April yang turun ke level 86.9 dari sebelumnya di level 118.8. Selain itu adanya peralihan portofolio dari para investor saham di Amerika Serikat (AS) membuat indeks teknologi turun paling dalam pada perdagangan semalam, kini investor mulai menjual saham-saham teknologi yang dianggap sudah cukup tinggi dan beralih ke saham yang lebih sensitif dengan ekonomi dan dianggap sudah turun cukup banyak sejak pandemi. JCI Prediction IHSG ditutup menguat sebesar 0,36% ke level 4.529. IHSG ditutup bullish candle. Adapun indikator Stochastic di rasio 46% cenderung flat dan MACD histogram bergerak turun dengan Volume turun. Kami perkirakan IHSG bergerak mixed kecenderungan melemah dengan pergerakan di kisaran 4.441 – 4.580. Major Economic Release
Wholesale Inventories United States bulan
Maret turun sebesar 1% dibandingkan
sebelumnya turun sebesar 0,6% (MoM).
CB Consumer Confidence United States
bulan April turun ke level 86.9 dari
sebelumnya di level 118.8.
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OSODaily 29 April 2020
TODAY TOP STOCK TRADED (LQ45) Top Gainers
Last Chg% YTD% MC (T) Beta
BRPT IJ Equity
1.350 11,11 (10,60) 108,16 1,73
AKRA IJ Equity
2.270 10,73 (42,53) 8,23 1,39
KLBF IJ Equity
1.445 8,65 (10,80) 62,34 1,12
PTPP IJ Equity
645 6,61 (59,31) 3,75 2,00
PWON IJ Equity
360 6,51 (36,84) 16,28 1,64
Top Losers
Last Chg% YTD% MC (T) Beta
ACES IJ Equity
1.410 (5,37) (5,69) 25,55 0,96
UNTR IJ Equity
15.550 (5,18) (27,76) 61,17 0,74
BTPS IJ Equity
1.900 (4,76) (55,29) 15,37 1,21
ITMG IJ Equity
6.900 (2,82) (39,87) 8,02 1,27
SMGR IJ Equity
6.950 (2,80) (42,08) 42,41 1,45
Top Volume
Last Volume (Mn) YTD% MC (T) Beta
BBRI IJ Equity
2.590 268,3 (41,1) 328,10 1,39
BRPT IJ Equity
1.350 119,7 (10,6) 108,16 1,73
TBIG IJ Equity
1.150 115,6 (6,5) 24,47 0,96
TLKM IJ Equity
3.160 80,2 (20,4) 312,05 0,94
BMRI IJ Equity
4.150 78,7 (45,9) 193,67 1,53
Top Value
Last Value (Bn) YTD% MC (T) Beta
BBCA IJ Equity
24.150 729,8 (27,7) 611,44 1,14
BBRI IJ Equity
2.590 473,0 (41,1) 328,10 1,39
BMRI IJ Equity
4.150 426,2 (45,9) 193,67 1,53
TLKM IJ Equity
3.160 270,1 (20,4) 312,05 0,94
ASII IJ Equity
3.740 170,9 (46,0) 150,19 1,39
Top Gainers Last Chg% YTD% MC (T) Beta
BENCHMARK INDICES COMPARISON Indices
Country Latest P/E PBV Target 2020F
Asia Pacific IHSG
Indonesia 4.530 13,24 1,27 5.542
Nikkei
Japanese 19.771 17,59 1,47 23.887
Shanghai
China 2.810 13,45 1,36 3.218
TWSE
Taiwan 10.616 17,00 1,56 11.422
KOSPI
Korea 1.934 18,57 0,76 2.449
KLSE
Malaysia 1.372 15,25 1,35 1.493
ST - Times
Singapore 2.563 10,02 0,87 3.033
Sensex
India 32.115 19,27 2,46 39.479
Hangseng
Hongkong 24.576 9,75 1,03 29.461
JAKARTA COMPOSITE INDEX MOVERS
Movers
Latest Chg% YTD% MC (T) Beta
UNVR IJ Equity
7850 4,67 (6,55) 286 0,89
BRPT IJ Equity
1350 11,11 (10,60) 108 1,73
EMTK IJ Equity
4950 21,21 (11,21) 28 (0,04)
KLBF IJ Equity
1445 8,65 (10,80) 62 1,12
TPIA IJ Equity
8625 2,32 (16,87) 154 0,64
Laggard
Latest Chg% YTD% MC (T) Beta
BBCA IJ Equity
24150 (2,62) (27,75) 611 1,14
BBRI IJ Equity
2590 (2,63) (41,14) 328 1,39
UNTR IJ Equity
15550 (5,18) (27,76) 61 0,74
POLL IJ Equity
5475 (6,85) (50,68) 46 0,68
HMSP IJ Equity
1515 (1,30) (27,86) 179 1,06
Movers
Latest Chg% YTD% MC (T) Beta
OSO MANAJEMEN INVESTASI
Mutual Fund
Latest 1 Month (%) YTD% Oso Sustainability Fund
913,57 17,46 (33,86)
Oso Syariah Equity Fund
361,72 (13,07) (36,06)
Source: Bloomberg LP & OSO Research Team
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COMPARATION OF JCI PERFORMANCE (SEAG)
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MACRO ECONOMIC & INDUSTRY NEWS
Federal Reserve (The Fed) diperkirakan tetap mempertahankan suku bunga mendekati nol selama tiga tahun
atau lebih dan nilai neraca akan melonjak di atas US$ 10 triliun. Hal ini dilakukan untuk menghidupkan kembali
ekonomi Amerika Serikat (AS) di tengah badai resesi menurut para ekonom dalam survei Bloomberg.
Harga minyak mentah terjun bebas setelah ETF (exchange-traded fund) minyak terbesar di dunia mengatakan
akan menjual posisi minyak mentah berjangka WTI kontrak Juni karena level penyimpanan minyak fisik
membengkak. Minyak mentah berjangka di New York tersungkur sebanyak 30 persen setelah United States Oil
Fund LP (USO) mengatakan akan memindahkan seluruh uang yang diinvestasikannya dalam kontrak minyak WTI
Juni mulai hari ini. Hal tersebut memicu pergerakan besar dalam hubungan harga antara kontrak Juni dan Juli.
Perusahaan pemeringkat Fitch Ratings menurunkan proyeksi harga jual minyak sawit mentah atau crude palm oil
(CPO) sebesar US$30 per ton pada tahun ini. Fitch menyebutkan penurunan itu mencerminkan risiko permintaan
minyak nabati dan biodiesel yang lebih lemah karena dampak pandemi covid-19. Selain itu penurunan tajam dalam
harga minyak mentah juga ikut berpengaruh.
CORPORATES NEWS
PT Nippon Indosari Corpindo Tbk. (ROTI) mencatatkan kinerja kinclong sepanjang kuartal pertama tahun ini.
Laporan keuangan perseroan menunjukkan, ROTI membukukan laba bersih yang dapat diatribusikan kepada
pemilik induk sebesar Rp77,8 miliar. Jumlah itu meningkat meningkat 20,0 persen dibandingkan periode yang sama
tahun sebelumnya.
PT Vale Indonesia Tbk. (INCO) mencetak laba bersih sebesar US$29 juta pada kuartal I/2020. Raihan tersebut
membalikkan posisi rugi bersih pada kuartal I/2019 sebesar US$20,2 juta. Perolehan laba bersih Vale Indonesia tak
lepas dari kinerja pendapatan yang tumbuh 38,21 persen menjadi US$174,7 juta. Dalam tiga bulan pertama 2020,
INCO itu memproduksi nikel sebanyak 17.614 metrik ton dan menjual 16.713 metrik ton.
PT Astra Agro Lestari Tbk. (AALI) mencetak laba bersih sebesar Rp371,06 miliar pada kuartal I/2020. Jumlah
tersebut jauh lebih besar dibandingkan dengan periode kuartal I/2019 sebanyak Rp37,41 miliar. Dengan kata lain,
laba bersih Astra Agro meroket 892 persen. Walhasil, laba per saham juga naik menjadi Rp192,79.
PT Astra Otoparts Tbk. (AUTO) anak usaha PT Astra International Tbk., membukukan penurunan laba bersih
sebesar 28,01 persen pada kuartal I/2020, akibat menurunnya pendapatan dan kenaikan sejumlah pos beban.
PT Sawit Sumbermas Sarana Tbk. (SSMS) turun sedalam 86,45 persen menjadi Rp11,68 miliar akibat penurunan
penjualan dan kenaikan aneka beban. Sejalan dengan penurunan laba bersih, Laba per saham juga menyusut dari
posisi Rp9,05 menjadi Rp1,23.
PT AKR Corporindo Tbk.(ARKA) meraup pendapatan sebanyak Rp6,34 triliun sepanjang kuartal I/2020 atau tumbuh
26,04 persen dibandingkan dengan posisi kuartal I/2019. Perseroan meyakini Kenaikan pendapatan turut
mendorong peningkatan laba bersih sebesar 13 persen dari Rp202 miliar pada kuartal I/2019 menjadi Rp228 miliar
pada kuartal I/2020.
Sumber: Kontan, Bisnis Indonesia, Iqplus
NOTE: Positive Sentiment Negative Sentiment Netral
https://www.bisnis.com/topic/282/Harga-Minyak
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Technical
Medium/Minor trend : Konsolidasi Trend MACD line/histogram : Positif Stochastic : Golden Cross Volume : Meningkat
Recommendation : Buy On Weakness Entry Buy : 6.300 – 6.475 Target Price : 6.575 – 6.750 Support : 6.275 – 6.300 Cutloss : 6.250
DAILY TECHNICAL
BUY INDF l PE : 11,6 l PBV : 1,50 l ROE : 13,75 l NPM : 6,41 l DER : 42,38 l Fair Value : 8.076
Prospek Meyakinkan Saham Emiten Pangan Saat Momen Ramadan Prospek emiten pangan khususnya produk makanan pokok diperkirakan masih berpotensi bertumbuh apalagi saat momen bulan Ramadan. Hanya saja, para analis menilai tantangan dari situasi pemberlakuan pembatasan sosial berskala besar di seluruh Indonesia adalah dari segi ketersedian stok bahan baku.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 6.575. Apabila break 6.575 next harga ke level 6.750. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 6.250 jika sudah melewati support 6.275 – 6.300.
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat
Recommendation : Trading Buy Entry Buy : 1.305 – 1.345 Target Price : 1.370 – 1.410 Support : 1.300 – 1.305 Cutloss : 1.295
DAILY TECHNICAL
BUY KAEF l PE : l PBV : 0,99 l ROE : (0,23) l NPM : (0,14) l DER : 111,92 l Fair Value :
Lakukan Efisiensi, Kimia Farma (KAEF) Pangkas Belanja Modal Jadi Rp 1,44 Triliun Anggota Holding BUMN Farmasi yaitu PT Kimia Farma Tbk (KAEF) melakukan efisiensi biaya di tengah pandemi Covid-19. KAEF bakal mengurangi anggaran belanja modal atau capital expenditure (capex) sebesar Rp 547 miliar menjadi Rp 1,44 triliun untuk tahun ini. Sebelumnya, emiten ini mengalokasikan jumlah belanja modal sebesar Rp 1,98 triliun. Strategi pada tahun ini, kami melakukan pengurangan terhadap capex menjadi Rp 1,44 triliun.
Souce: OSO Research Team
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.370. Apabila break 1.370 next harga ke level 1.410. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.295 jika sudah melewati support 1.300 – 1.305.
NOTE:
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Technical
Medium/Minor trend : Uptrend MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat
Recommendation : Buy On Weakness Entry Buy : 1.835 – 1.940 Target Price : 1.985 – 2.030 Support : 1.830 – 1.835 Cutloss : 1.825
DAILY TECHNICAL
Beli Rumahsakit, Anak Usaha Mitra Keluarga (MIKA) Gelontorkan Dana Rp 35 Miliar PT Mitra Keluarga Karyasehat Tbk (MIKA) melakukan pembelian secara bertahap tanah, bangunan, dan aset lainnya dari Rumah Sakit Ibu dan Anak Panti Adi Dharma. Pembelian yang dilakukan melalui anak usahanya, PT Kasih Abdi Dharma, itu menelan dana hingga Rp 35 miliar. Untuk jangka panjang ke depan dapat meningkatkan kinerja Mitra Keluarga secara keseluruhan dan memperkuat eksistensi perseroan di daerah dengan fokus area baru.
Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.985. Apabila break 1.985 next harga ke level 2.030. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 1.825 jika sudah melewati support 1.830 – 1.835.
MIKA l PE : 37,0 l PBV : 6,33 l ROE : 17,45 l NPM : 22,78 l DER : 0,11 l Fair Value : 2.551
Souce: OSO Research Team
BUY
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Sector Rotation Mingguan
Bulanan
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FUNDAMENTAL ANALYSIS (LQ 45)
Last Price last Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR BASIC INDUSTRY
BRPT IJ Equity 1.350 11,11 (10,60) 6,61 209,11 16,80 0,62 3,76 92,01 780 -42% Sell
CPIN IJ Equity 4.300 4,37 (33,85) 3,35 19,44 12,15 12,75 17,98 23,96 4.651 8% Buy
INKP IJ Equity 5.175 (0,96) (32,79) 0,46 6,71 2,13 3,18 7,06 95,94 11.300 118% Buy
INTP IJ Equity 10.550 0,48 (44,55) 1,68 21,16 12,43 6,61 7,93 0,48 15.897 51% Buy
JPFA IJ Equity 925 0,54 (39,74) 1,01 6,12 2,61 7,32 17,32 75,31 1.513 64% Buy
SMGR IJ Equity 6.950 (2,80) (42,08) 1,28 17,24 4,73 3,66 7,54 82,74 11.916 71% Buy
TKIM IJ Equity 4.830 (1,83) (52,99) 0,71 5,82 7,65 5,01 11,50 120,71 13.000 169% Buy
Industry Average in LQ45 2,16 40,80 8,36 5,59 10,44 70,16
Total of Industry Average 1,24 28,59 7,89 1,37 (12,17) 101,03
SECTOR CONSUMER GOODS
ACES IJ Equity 1.410 (5,37) (5,69) 5,11 23,37 16,75 18,33 23,01 - 1.323 -6% Sell
GGRM IJ Equity 44.050 1,26 (16,89) 1,66 7,79 4,81 14,73 22,65 34,19 56.009 27% Buy
HMSP IJ Equity 1.515 (1,30) (27,86) 4,94 12,87 9,54 28,15 38,63 1,17 1.865 23% Buy
ICBP IJ Equity 10.025 1,01 (10,09) 4,62 23,18 13,46 13,79 21,48 8,81 11.387 14% Buy
INDF IJ Equity 6.475 2,78 (18,30) 1,50 11,58 4,30 5,09 13,75 42,38 8.076 25% Buy
KLBF IJ Equity 1.445 8,65 (10,80) 4,26 27,02 17,69 13,05 16,43 4,89 1.442 0% Sell
UNVR IJ Equity 7.850 4,67 (6,55) 56,70 40,52 26,61 36,08 116,74 75,07 8.480 8% Buy
Industry Average in LQ45 12,28 20,49 12,73 18,48 38,28 27,75
Total of Industry Average 3,68 21,88 10,57 5,38 (32,51) 57,67
SECTOR INFRASTRUCTURE
EXCL IJ Equity 2.550 2,82 (19,05) 1,43 130,48 2,57 1,18 3,80 140,83 3.447 35% Buy
JSMR IJ Equity 2.700 5,47 (47,83) 1,08 10,13 3,02 2,28 11,28 157,26 5.440 101% Buy
PGAS IJ Equity 780 (0,64) (64,06) 0,48 18,19 1,24 0,88 2,63 85,04 1.100 41% Buy
TBIG IJ Equity 1.150 6,48 (6,50) 4,98 29,61 6,03 2,73 19,59 415,69 1.164 1% Hold
TLKM IJ Equity 3.160 0,32 (20,40) 3,14 15,45 4,76 9,65 21,31 37,58 4.277 35% Buy
TOWR IJ Equity 880 1,73 9,32 5,06 18,99 8,30 9,25 27,95 173,14 972 10% Buy
Industry Average in LQ45 2,70 37,14 4,32 4,33 14,43 168,26
Total of Industry Average 1,79 26,47 9,00 (1,89) (1,48) 128,47
Source: Bloomber LP
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OSODaily 29 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR MINING
ADRO IJ Equity 890 (1,11) (42,77) 0,50 4,58 1,83 5,66 10,95 48,89 1.258 41% Buy
AKRA IJ Equity 2.270 10,73 (42,53) 1,09 12,72 6,40 3,45 8,54 45,79 3.469 53% Buy
ANTM IJ Equity 492 (2,57) (41,43) 0,65 61,02 5,72 0,62 1,06 47,19 738 50% Buy
INCO IJ Equity 2.350 (1,67) (35,44) 0,78 26,30 6,95 2,59 3,00 0,06 3.202 36% Buy
ITMG IJ Equity 6.900 (2,82) (39,87) 0,55 3,81 2,11 9,76 13,90 1,20 11.255 63% Buy
PTBA IJ Equity 1.780 (2,47) (33,08) 1,09 4,78 3,33 16,14 23,67 3,42 2.422 36% Buy
Industry Average in LQ45 0,78 18,87 4,39 6,37 10,19 24,43
Total of Industry Average 1,07 14,27 6,06 (0,11) (3,74) 100,50
SECTOR MISC INDUSTRY
ASII IJ Equity 3.740 0,81 (45,99) 0,98 7,11 3,89 5,89 14,37 49,42 5.550 48% Buy
SRIL IJ Equity 151 (1,95) (41,92) 0,34 2,27 0,90 6,00 15,81 144,29 Neutral #VALUE! #VALUE!
Industry Average in LQ45 0,66 4,69 2,39 5,94 15,09 96,85
Total of Industry Average 1,27 37,71 5,17 2,12 19,06 96,90
SECTOR PROPERTY
BSDE IJ Equity 690 - (45,02) 0,45 4,69 4,54 5,24 10,10 39,96 1.193 73% Buy
CTRA IJ Equity 505 2,64 (51,44) 0,61 8,12 3,74 3,29 7,79 51,66 1.048 107% Buy
PTPP IJ Equity 645 6,61 (59,31) 0,30 4,31 1,28 1,67 7,10 94,11 1.366 112% Buy
PWON IJ Equity 360 6,51 (36,84) 1,20 5,95 4,91 11,59 22,21 36,44 619 72% Buy
WIKA IJ Equity 875 4,79 (56,03) 0,48 3,44 2,46 3,77 14,60 78,48 1.673 91% Buy
WSKT IJ Equity 590 5,36 (60,27) 0,45 8,54 1,69 0,76 5,23 237,92 1.081 83% Buy
Industry Average in LQ45 0,58 5,84 3,10 4,38 11,17 89,76
Total of Industry Average 1,72 19,46 12,94 3,30 6,90 42,74
Source: Bloomber LP
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OSODaily 29 April 2020
FUNDAMENTAL ANALYSIS (LQ 45)
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) P/EBITDA ROA (%) ROE (%) DER (x) Fair Value Up-Side Recommendation
SECTOR TRADE
ERAA IJ Equity 1.175 0,43 (34,54) 0,78 12,68 4,23 2,63 6,20 54,32 1.173 0% Sell
LPPF IJ Equity 1.245 0,81 (70,43) 1,90 2,56 1,63 27,70 76,74 - 2.398 93% Buy
MNCN IJ Equity 875 - (46,32) 0,93 4,87 2,93 13,07 20,78 35,71 1.494 71% Buy
SCMA IJ Equity 800 1,27 (43,26) 2,26 9,58 6,51 19,59 26,60 0,33 1.291 61% Buy
UNTR IJ Equity 15.550 (5,18) (27,76) 0,92 5,75 2,43 8,70 16,90 22,89 20.577 32% Buy
Industry Average in LQ45 1,36 7,09 3,54 14,34 29,44 22,65
Total of Industry Average 1,89 19,15 50,33 0,78 1,11 61,50
Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation
SECTOR FINANCE
BBCA IJ Equity 24.150 (2,62) (27,75) 3,42 20,84 86,78 1,30 6,57 6,38 30.768 27% Buy
BBRI IJ Equity 2.590 (2,63) (41,14) 1,54 9,22 89,64 2,62 6,78 66,52 4.012 55% Buy
BBNI IJ Equity 3.820 0,53 (51,34) 0,58 4,63 93,76 2,30 5,03 59,54 6.407 68% Buy
BBTN IJ Equity 835 1,83 (60,61) 0,37 42,88 113,51 4,78 3,15 225,31 1.730 107% Buy
BMRI IJ Equity 4.150 - (45,93) 0,95 7,05 100,37 2,33 5,30 50,07 6.959 68% Buy
BTPS IJ Equity 1.900 (4,76) (55,29) 2,71 10,46 479,42 1,37 39,48 140,00 3.614 90% Buy
Industry Average in LQ45 1,37 16,92 96,81 2,67 5,37 81,56
Total of Industry Average 43,67 33,20 112,75 3,60 7,46 79,73
Source: Bloomber LP
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TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
ACES IJ Equity 1.410 (5,7) Negatif Trading Positif 1.180 1.285 1.395 1.425 1.335 1.285 1.475 1.565 1.265 Hold
ADRO IJ Equity 890 (42,8) Positif Oversold Negatif 855 1.010 1.165 905 865 845 925 965 830 Speculative Buy
AKRA IJ Equity 2.270 (42,5) Negatif Trading Positif 1.780 1.980 2.185 2.095 2.110 2.010 2.195 2.180 1.980 Hold
ANTM IJ Equity 492 (41,4) Positif Trading Positif 423 497 570 498 485 482 500 515 474 Speculative Buy
ASII IJ Equity 3.740 (46,0) Positif Oversold Positif 3.550 3.850 4.150 3.685 3.610 3.495 3.800 3.875 3.445 Buy
BBCA IJ Equity 24.150 (27,7) Positif Oversold Negatif 25.100 27.100 29.100 24.550 24.025 23.725 24.850 25.375 23.375 Speculative Buy
BBNI IJ Equity 3.820 (51,3) Positif Oversold Positif 3.675 4.005 4.340 3.840 3.760 3.670 3.930 4.010 3.615 Buy
BBRI IJ Equity 2.590 (41,1) Positif Oversold Positif 2.570 2.860 3.150 2.645 2.590 2.555 2.680 2.735 2.515 Buy
BBTN IJ Equity 835 (60,6) Positif Oversold Positif 800 910 1.020 830 810 785 855 875 775 Buy
BMRI IJ Equity 4.150 (45,9) Positif Oversold Positif 4.075 4.620 5.175 4.225 4.100 3.965 4.360 4.485 3.905 Buy
BRPT IJ Equity 1.350 (10,6) Negatif OverBought Positif 595 945 1.300 1.265 1.260 1.185 1.340 1.345 1.165 Sell
BSDE IJ Equity 690 (45,0) Positif Oversold Negatif 605 750 895 675 650 620 705 730 610 Speculative Buy
BTPS IJ Equity 1.900 (55,3) Positif Oversold Positif 1.720 2.305 2.895 2.015 1.925 1.860 2.080 2.170 1.835 Buy
CPIN IJ Equity 4.300 (33,8) Negatif Trading Positif 3.840 4.490 5.150 4.150 4.125 3.950 4.325 4.350 3.890 Hold
CTRA IJ Equity 505 (51,4) Positif Oversold Positif 397 535 670 489 472 444 515 535 437 Buy
ERAA IJ Equity 1.175 (34,5) Positif Trading Positif 815 1.085 1.350 1.165 1.140 1.115 1.190 1.215 1.095 Speculative Buy
EXCL IJ Equity 2.550 (19,0) Negatif Trading Positif 1.805 2.200 2.595 2.475 2.430 2.365 2.540 2.585 2.330 Hold
GGRM IJ Equity 44.050 (16,9) Positif Trading Negatif 39.800 45.175 50.525 43.300 43.075 42.575 43.800 44.025 41.925 Hold
HMSP IJ Equity 1.515 (27,9) Positif Trading Negatif 1.380 1.575 1.775 1.525 1.500 1.485 1.540 1.565 1.465 Hold
ICBP IJ Equity 10.025 (10,1) Positif Trading Positif 9.700 10.050 10.425 9.925 9.825 9.625 10.125 10.225 9.475 Speculative Buy
INCO IJ Equity 2.350 (35,4) Positif Trading Positif 1.995 2.310 2.625 2.390 2.350 2.330 2.410 2.450 2.295 Speculative Buy
INDF IJ Equity 6.475 (18,3) Negatif Trading Positif 6.025 6.425 6.800 6.425 6.375 6.225 6.575 6.625 6.125 Hold
INKP IJ Equity 5.175 (32,8) Positif Trading Positif 3.845 4.815 5.775 5.100 4.940 4.815 5.225 5.400 4.740 Speculative Buy
source: Bloomberg Lp
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TECHNICAL ANALYSIS (LQ 45)
Ticker Last YtD% MA5 RSI Rec MACD Trend
Bollinger Band
Pivot Point
Support Resistance Stop Loss
Level Recommendation
Lower Middle Upper 1 2 1 2
INTP IJ Equity 10.550 (44,5) Positif Oversold Positif 10.175 11.675 13.175 10.525 10.300 10.000 10.825 11.050 9.850 Buy
ITMG IJ Equity 6.900 (39,9) Positif Oversold Negatif 6.800 7.750 8.675 6.975 6.850 6.750 7.075 7.200 6.650 Speculative Buy
JPFA IJ Equity 925 (39,7) Positif Trading Positif 855 935 1.015 915 890 860 945 970 850 Speculative Buy
JSMR IJ Equity 2.700 (47,8) Positif Oversold Positif 2.310 2.800 3.295 2.580 2.570 2.440 2.710 2.720 2.405 Buy
KLBF IJ Equity 1.445 (10,8) Negatif Trading Positif 1.045 1.190 1.330 1.325 1.325 1.250 1.400 1.400 1.230 Hold
LPPF IJ Equity 1.245 (70,4) Positif Oversold Positif 1.105 1.320 1.535 1.250 1.215 1.165 1.300 1.335 1.145 Buy
MNCN IJ Equity 875 (46,3) Positif Oversold Negatif 840 995 1.155 885 860 835 910 935 820 Speculative Buy
PGAS IJ Equity 780 (64,1) Positif Oversold Positif 705 810 915 775 765 745 795 805 735 Buy
PTBA IJ Equity 1.780 (33,1) Positif Trading Negatif 1.790 1.990 2.190 1.840 1.790 1.765 1.865 1.915 1.740 Hold
PTPP IJ Equity 645 (59,3) Positif Oversold Positif 492 655 815 620 615 575 660 665 570 Buy
PWON IJ Equity 360 (36,8) Positif Trading Positif 298 373 448 349 343 321 371 377 316 Speculative Buy
SCMA IJ Equity 800 (43,3) Positif Trading Positif 730 800 875 795 790 770 815 820 755 Speculative Buy
SMGR IJ Equity 6.950 (42,1) Negatif Trading Positif 6.025 7.325 8.625 6.875 6.575 6.325 7.125 7.425 6.225 Hold
SRIL IJ Equity 151 (41,9) Positif Trading Positif 142 157 172 156 153 151 158 161 148 Speculative Buy
TBIG IJ Equity 1.150 (6,5) Negatif Trading Positif 800 970 1.135 1.100 1.090 1.050 1.140 1.150 1.035 Hold
TKIM IJ Equity 4.830 (53,0) Positif Trading Positif 3.880 4.790 5.700 4.840 4.685 4.570 4.955 5.100 4.500 Speculative Buy
TLKM IJ Equity 3.160 (20,4) Positif Trading Positif 3.000 3.145 3.290 3.145 3.090 3.045 3.190 3.245 3.000 Speculative Buy
TOWR IJ Equity 880 9,3 Positif OverBought Positif 575 760 945 880 870 855 895 905 840 Hold
UNTR IJ Equity 15.550 (27,8) Positif Trading Negatif 15.125 16.875 18.625 16.175 15.800 15.800 16.175 16.550 15.550 Hold
UNVR IJ Equity 7.850 (6,5) Negatif Trading Positif 6.575 7.075 7.600 7.625 7.525 7.325 7.825 7.925 7.225 Hold
WIKA IJ Equity 875 (56,0) Positif Oversold Positif 750 995 1.240 860 840 795 905 925 785 Buy
WSKT IJ Equity 590 (60,3) Positif Trading Positif 453 575 700 565 565 535 595 595 530 Speculative Buy
source: Bloomberg Lp
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MAJOR ECONOMIC RELEASE CALENDAR ECONOMICS
Date Event Country Act Prev Cons
27-Apr-20 China, Industrial Profits (YTD) YoY MAR CNY -38,3% -38.3%
Indonesia, Industrial Profits (YTD) YoY MAR IDN 5.93%
US Dallas Fed Manufacturing Index APR USD -70 -70
28-Apr-20 Japan, Unemployment Rate MAR JPY 2.5% 2.4% 2.5%
Japan, Jobs/applications ratio MAR JPY 1.39 1.45 1.4
Japan, BoJ Interest Rate Decision JPY -0.1% -0.1% -0.1%
GB CBI Distributive Trades APR GBR -55 -3 -40
US Wholesale Inventories MoM Adv MAR USD -1% -0.7%
US Goods Trade Balance Adv MAR USD $-64.22B $-59.89B
US CB Consumer Confidence APR USD 88.9 120 88
US API Crude Oil Stock Change 24/APR USD 10M 13.226M
29-Apr-20 US GDP Growth Rate QoQ Adv Q1 USD 2.1% -4%
US GDP Price Index QoQ Adv Q1 USD 1.4% 1.2%
US Pending Home Sales YoY MAR USD 9.4%
US Pending Home Sales MoM MAR USD 2.4% -10%
US EIA Gasoline Stocks Change 24/APR USD 1.017M
US EIA Crude Oil Stocks Change 24/APR USD 15.022M
Source: Bloomberg Lp
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CORPORATE ACTION
Dividend
Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share
DMAS Cash Dividen 23-Apr-20 24-Apr-20 27-Apr-20 12-Mei-20 21
BTPS Cash Dividen 24-Apr-20 27-Apr-20 28-Apr-20 20-Mei-20 45
BJBR Cash Dividen 24-Apr-20 27-Apr-20 28-Apr-20 20-Mei-20 94
PLIN Cash Dividen 28-Apr-20 29-Apr-20 30-Apr-20 11-Mei-20 99
MDKI Cash Dividen 28-Apr-20 29-Apr-20 30-Apr-20 20-Mei-20 9
CINT Cash Dividen 29-Apr-20 30-Apr-20 04-Mei-20 20-Mei-20 2
PRDA Cash Dividen 30-Apr-20 04-Mei-20 05-Mei-20 18-Mei-20 112
INDY Cash Dividen 30-Apr-20 04-Mei-20 05-Mei-20 20-Mei-20 89
IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)
Bhakti aMulti' Artha Tbk Jasa Utama Capital Sekuritas 02 - 08 April 2020 15-Apr-20 100 103
Bumi Benowo Sukses Sejahtera Tbk Mirae Asset Sekuritas 02 - 07 April 2020 15-Apr-20 160 120
Right Issue
Code OS NS Price (IDR) Cum Date Ex Date Trading Period
TNCA 2 : 3 344 08-Jan-20 09-Jan-20 14 - 20 Januari 2020 FAST 100 : 7 1.25 18-Jun-20 19-Jun-20 24 - 30 Juni 2020 Source: KSEI and OSO Research Team
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