OSODaily - oso-securities.comoso-securities.com/sipitung/files/OSO Daily 26 Agustus 2019.pdf ·...

www.oso-securities.com Disclaimer on.

OSODaily 26 Agustus 2019

ODAY TOP STOCK TRADED (LQ45) JAKARTA COMPOSITE INDEX

6,255.60 16.35

0.26%

Previous 6,239.25 Lowest

6,204.19 Highest 6,255.60 Val IDR bn

6,810

Volbn 14.981 Mkt Cap IDRtr

7,176.16 Net Forg 1DIDRbn (318.29) Net ForgYTDIDRbn

60,830.25

Return YTD (%) 0.99 Month to date (%)

(2.11)

Indices

Last Chg% YTD% Americas

Dow Jones United States 25,628.90 (2.37) 9.87 S&P 500 United States 2,847.11 (2.59) 13.57 Nasdaq United States 7,751.77 (3.00) 16.83 EIDO United States 24.26 (1.18) (2.26) EMEA

FTSE 100 United Kingdom 7,094.98 (0.47) 5.45

CAC 40 France 5,326.87 (1.14) 12.60 D DAX Germany 11,611.51 (1.15) 9.97

Asia Pacific

Nikkei Japanese 20,710.91 (2.07) 1.34 Shanghai China 2,883.44 0.49 16.18 TWSE Taiwan 10,529.78 0.08 8.33 KOSPI Korea 1,948.30 (1.81) (6.27) KLSE Malaysia 1,602.47 0.43 (4.81) ST – Times Singapore 3,127.74 (0.56) 1.36 Sensex India 36,472.93 0.63 1.75 Hangseng Hongkong 26,048.72 0.50 1.29

Sectoral Previous 20,710.91 (2.07) 1.34 AGRICULTURE 1,374.26 1,368.97 (0.38) (12.49) MINING 1,576.84 1,590.04 0.84 (10.50) MISC INDUSTRY 1,138.79 1,172.08 2.92 (15.95) BASIC INDUSTRY 835.52 841.62 0.73 (1.53) CONSUMER GOODS 2,393.85 2,403.30 0.39 (6.46) PROPERTY 496.64 498.20 0.31 11.27 INFRASTRUKTUR 1,225.07 1,216.31 (0.71) 14.28 FINANCE 1,252.26 1,252.95 0.06 6.57 MANUFAKTURE 1,496.62 1,509.39 0.85 (6.72) TRADE 786.09 785.36 (0.09) 0.19 LQ 45 972.38 975.26 0.30 (0.76)

Commodities Previous Lastest Chg% YTD%

Oil (USD/bbl) 55.35 54.17 (2.13) 17.11 Gold (USD tr.oz) 1,498.24 1,526.90 1.91 20.51 Nickel (USD/mtrc ton) 15,660.00 15,660.00 - 46.49 Tin (USD/mtrc ton) 16,175.00 15,880.00 (1.82) (18.46) Copper (USD/mtrc ton) 5,683.00 5,633.00 (0.88) (5.57) CPO (MYR/ton) 2,201.00 2,210.00 0.41 10.28 Coal (USD/ton) 64.50 64.50 - (37.07)

Currencies

Last Chg% YTD% IDR / USD

14,215.00 0.20 1.23

IDR / AUD

9,606.82 0.61 5.82 IDR / EUR

15,730.64 0.47 4.55

IDR /SGD

10,249.52 0.41 2.98 IDR / JPY

133.31 0.28 (2.01)

IDR / GBP

17,348.00 (0.28) 5.59 Global Macro Economics CB Rate CPI YoY GDP YoY United States 2.25 1.80 2.30 Euro Area 0.00 1.00 1.10 United Kingdom 0.75 2.10 1.20 Japan 0.10 0.50 1.20 China 4.35 2.80 6.20 Domestic macro Economics Lastest Chg% YTD% Jibor 5.00 (15.02) 28.20 GovBonds (5y) 6.65 (0.11) (15.85) GovBonds (10y) 7.24 (0.11) (9.75)

Inflasi YoY 3.32

Inflasi MoM 0.31 Bi rate 5.50 GDP Growth YoY (%) 5.05

Foreign Reserve (Bn) 125.90 Government Bonds Yield% Wow% Ytd% 7 Year 7.20 7.20 7.20 15 Year 7.65 7.65 7.65 20 Year 7.75 7.75 7.75 30 Year 8.04 8.04 8.04

Source: Bloomberg LP & OSO Research Team

Market Review Pada perdagangan akhir pekan kemarin (23/08) IHSG ditutup menguat sebesar 0.26% ke level 6.255.60. Tujuh dari sepuluh indeks sektoral berakhir dalam zona hijau, dimana sektor aneka industri dan pertambangan memimpin penguatan masing-masing sebesar 2.92% dan 0.84%. Adapun saham yang menjadi penggerak indeks diantaranya ; ASII, UNVR, POLL, TPIA, ADRO. Pelaku pasar asing membukukan aksi jual bersih (Netsell) senilai Rp 318 miliar. Nilai tukar rupiah terapresiasi sebesar 0.20% ke level 14.216. Global Review Pada perdagangan Jum'at (23/08) bursa saham Wall Street kompak ditutup dalam teritori negatif, Dow Jones melemah 2.37%, S&P 500 turun 2.59% dan Nasdaq negatif 3%. Pelemahan tersebut seiring dengan kembali meningkatnya tensi perang dagang antara Amerika Serikat (AS) dan China, setelah China berencana untuk menaikkan tarif impor barang AS sebagai bentuk balasan terhadap AS. Rencana tersebut langsung direspon oleh presiden AS Donald Trump yang meminta perusahaan-perusahaan AS mencari alternatif untuk keluar dari China. Kondisi tersebut tentunya kembali menimbulkan kekhawatiran pasar terhadap dampak yang akan dirasakan oleh perekonomian global jika perang dagang terus memanas. JCI Prediction IHSG ditutup menguat sebesar 0.3% ke level 6.255. IHSG ditutup bullish candle. Adapun indikator Stochastic melemah dan MACD histogram bergerak positif dengan Volume meningkat. Kami perkirakan IHSG bergerak melemah dengan pergerakan di kisaran 6153-6274. Major Economic Release

Inflation Rate Japan pada Juli 2019 tercatat

sebesar 0.1% dibandingkan sebelumnya

stagnan 0% (MoM).

New Home Sales United States Turun sebesar

12.8% dibandingkan sebelumnya yang naik

sebesar 20.9% (MoM).



TODAY TOP STOCK TRADED (LQ45)

Top Gainers

Last Chg% YTD% MC (T) Beta

ADRO IJ Equity

1,085 6.37 (10.70) 34.70 1.42

ASII IJ Equity

6,575 3.95 (20.06) 266.18 1.28

BSDE IJ Equity

1,400 3.70 11.55 26.95 1.65

INDY IJ Equity

1,365 3.02 (13.88) 7.11 1.46

PTBA IJ Equity

2,490 2.89 (42.09) 28.69 1.27

Top Losers

Last Chg% YTD% MC (T) Beta

ERAA IJ Equity

1,480 (10.57) (32.73) 4.72 0.88

ANTM IJ Equity

1,015 (2.40) 32.68 24.39 1.71

PWON IJ Equity

670 (2.19) 8.06 32.27 1.40

TLKM IJ Equity

4,380 (1.57) 18.45 433.89 0.78

PTPP IJ Equity

1,890 (1.31) 4.71 11.72 1.89

Top Volume

Last Volume (Mn) YTD% MC (T) Beta

ADRO IJ Equity

1,085 196.2 (10.7) 34.70 1.42

ERAA IJ Equity

1,480 97.5 (32.7) 4.72 0.88

ANTM IJ Equity

1,015 87.9 32.7 24.39 1.71

TLKM IJ Equity

4,380 83.8 18.5 433.89 0.78

BBRI IJ Equity

4,080 58.2 11.5 503.25 1.63

Top Value

Last Value (Bn) YTD% MC (T) Beta

BBRI IJ Equity

4,080 506.2 11.5 503.25 1.63

TLKM IJ Equity

4,380 486.0 18.5 433.89 0.78

BBCA IJ Equity

29,975 395.0 15.3 739.03 1.02

ASII IJ Equity

6,575 348.9 (20.1) 266.18 1.28

BMRI IJ Equity

7,175 278.6 (2.7) 334.83 1.54

BENCHMARK INDICES COMPARISON Indices Country Latest P/E PBV Target 2019F Asia Pacific

IHSG

Indonesia 6,256 19.13 2.15 6,800

Nikkei

Japanese 20,711 14.71 1.57 24,080

Shanghai

China 2,897 13.95 1.45 3,249

TWSE

Taiwan 10,538 16.74 1.61 11,400

KOSPI

Korea 1,948 12.57 0.77 2,571

KLSE

Malaysia 1,609 20.52 1.63 1,724

ST - Times

Singapore 3,110 12.23 1.04 3,592

Sensex

India 36,701 25.51 2.77 42,702

Hangseng

Hongkong 26,179 10.41 1.17 32,634

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

ASII IJ Equity

6575 3.95 (20.06) 266 1.28

UNVR IJ Equity

45825 1.16 0.94 350 1.05

POLL IJ Equity

4000 12.36 128.57 33 0.06

TPIA IJ Equity

8400 1.82 41.77 150 0.76

ADRO IJ Equity

1085 6.37 (10.70) 35 1.42

Laggard


TLKM IJ Equity

4380 (1.57) 18.45 434 0.78

HMSP IJ Equity

2860 (0.69) (22.91) 333 1.23

BMRI IJ Equity

7175 (0.69) (2.71) 335 1.54

ISAT IJ Equity

3270 (7.37) 94.07 18 1.45

MIKA IJ Equity

2340 (2.50) 48.57 34 0.26

Movers


OSO MANAJEMEN INVESTASI

Mutual Fund Latest 1 Month (%)

Oso Sustainability Fund

1,441.44 (3.92) Oso Syariah Equity Fund

1,320.52 (1.83)

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)


OSODaily 05 April 2019


MACRO ECONOMIC & INDUSTRY NEWS Bank Indonesia memprediksi inflasi pada bulan Agustus 2019 akan lebih tinggi dari bulan sebelumnya. Kenaikan

harga bahan pangan menjadi salah satu penyebab tingginya inflasi Agustus. Inflasi Agustus secara tahunan diprediksi

akan lebih tinggi dari realisasi inflasi Juli 2019 lalu yakni 3,32% yoy. Harga cabai merah menyumbang lebih dari

separuh inflasi (secara bulanan) yaitu 0,15%.

Pemerintah masih akan meneruskan penyertaan modal negara (PMN) kepada sejumlah Badan Usaha Milik Negara

(BUMN) di tahun 2020. Berdasarkan Nota Keuangan, pemerintah mengalokasikan PMN sebesar Rp 17,7 triliun yang

ditujukan untuk delapan BUMN pada tahun depan.

Gubernur Bank Sentral Inggris Mark Carney mengajukan proposal radikal untuk perbaikan sistem keuangan global

dengan mengusulkan mata uang digital digunakan meredam dominasi dollar. Dia melihat perang dagang dan

ancaman perang mata uang telah menghambat pertumbuhan dan menjalin kerja sama multilateral. Sementara bank

sentral terjebak dalam suku bunga rendah di saat ingin berjuang menghidupkan kembali inflasi.

CORPORATES NEWS PT Bank Negara Indonesia Tbk (BBNI) meluncurkan dua layanan perbankan digital terbaru. Dua layanan perbankan

tersebut adalah Pembukaan Tabungan Digital dan BNI New Mobile Banking.

PT Hexindo Adiperkasa Tbk (HEXA) terus berupaya untuk meningkatkan penjualan alat berat dari sektor pertambangan. Sebagai informasi, pada periode Januari hingga Juli tahun ini mereka sudah berhasil menjual 1.284 unit atau 7,90% lebih besar ketimbang periode yang sama 2018 1.190 unit. Yang mana sektor pertambangan menyumbang 50% terhadap total penjualan.

PT Wijaya Karya Tbk (WIKA) menandatangani kerja sama pembangunan tiga proyek baru di Afrika dengan nilai mencapai US$ 356 juta atau sekitar Rp 4,98 triliun. Peresmian kerja sama itu berlangsung pada Indonesia-Africa Infrastructure Dialogue (IAID) 2019 di Nusa Dua, Bali.

PT Kimia Farma Tbk (KAEF) akan mengekspor produk kosmetik ke Arab Saudi mulai tahun ini. Ada 29 jenis produk yang akan diekspor ke negara tersebut dan produk-produk tersebut akan dipasarkan melalui retail KAEF di Arab Saudi bernama Kimia Farma Dawaa yang saat ini jumlahnya mencapai 29 toko.

Sepanjang semester I 2019, penjualan high rise PT Intiland Development Tbk (DILD) menempati kontribusi tertinggi, yakni sebesar 40%. Perseroan mengatakan, walau penjualan highrise menyumbang nilai tertinggi pada pendapatan semester I 2019, secara keseluruhan kinerja perseroan cenderung flat.

Turunnya harga batubara berpengaruh pada kinerja penjualan alat berat PT United Tractors Tbk (UNTR) pada tahun ini. Sepanjang Januari hingga Juli 2019 PT United Tractors Tbk (UNTR) hanya mampu menjual alat berat sebanyak 2.122 unit. Jumlah ini turun 35,53% ketimbang realisasi penjualan alat berat pada periode yang sama tahun sebelumnya yang sebanyak 2.876 unit.

PT Lippo Karawaci Tbk (LPKR) resmi melepas kepemilikannya atas Lippo Mall Puri. Perseroan menjual kepada Lippo Mall Real Estate Investment Trust (LMIRT), anak perusahaannya di Singapura. Dari transaksi tersebut, LPKR mengantongi dana segar sekitar Rp 3,7 triliun. Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Negatif Stochastic : Bearish Volume : Meningkat

Recommendation : BUY Entry Buy : 1.005 – 1.015 Target Price : 1.045 – 1.080 Support : 985 – 1.000 Cutloss : 980

DAILY TECHNICAL

Harga Emas Antam & Dunia Bakal Rekor Baru Lagi Harga emas global dan Antam (emas yang diproduksi PT Aneka Tambang Tbk/ANTM) pekan ini berpotensi reli dan cetak harga tertinggi baru sejak April 2013. Hubungan dagan antara Amerika Serikat (AS) dan China yang semakin memanas membuat logam mulia tersebut semakin diburu investor. Ketakutan akan terjadinya resesi di AS dan perlambatan ekonomi global membuat para investor memburu logam mulia ini sebagai safe haven. Data emas pada penutupan pasar keuangan global hingga akhir pekan lalu menunjukkan, harga emas di pasar spot dan harga kontrak emas di pasar New York Mercantile Exchange, Inc (Comex) kompak menembus rekor baru.

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 1.045. Apabila break 1.045 next harga ke level 1.080. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 980 jika sudah melewati support 985 – 1.000.

|ANTM|PE : 35x | PBV : 1.22x | ROE: 3.44% | NPM : 2.76% | DER : 0.68x | Fair Value : 1.500|

Souce: OSO Research Team

BUY

NOTE:




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bearish Volume : Meningkat Tipis

Recommendation : BUY Entry Buy : 3.260 – 3.320 Target Price : 3.380 – 3.460 Support : 3.210 – 3.230 Cutloss : 3.200

DAILY TECHNICAL

BUY |INCO|PE : -44.28x | PBV : 1.25x | ROE: -2.81% | NPM : -8.95% | DER : 0.13x | Fair Value : 3.960|

INCO Akan Bekerja Sama Dengan Perusahaan Asal China PT Vale Indonesia Tbk (INCO) telah mendapatkan calon mitra kerjasama asal China untuk pengembangan wilayah tambang Bahodopi di Sulawesi Tengah, setelah sebelumnya mengumumkan kemitraan dengan Sumitomo Metal Mining untuk pengembangan blok Pomalaa di Sulawesi Tenggara. INCO berharap negosiasi dengan perusahaan asal China tersebut berjalan lancar sehingga kesepakatan kerjasama untuk pengembangan blok Bahodopi dapat diselesaikan pada tahun ini, setelah itu proses financing bisa langsung mulai dan dapat beroperasional di tahun 2020.


Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 3.380. Apabila berhasil menguji 3.460 next harga ke level 3.380. Hati-hati jika harga tidak mampu break up atau berbalik menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 3.200 jika sudah melewati support 3.210 – 3.230.

NOTE:




Technical

Medium/Minor trend : Uptrend MACD line/histogram : Positif Stochastic : Bullish Volume : Turun

Recommendation : BUY Entry Buy : 6.125 – 6.225 Target Price : 6.400 – 6.540 Support : 6.000 – 6.075 Cutloss : 5.975

DAILY TECHNICAL

BUY |MDKA|PE : 22.41x | PBV : 4.14x | ROE: 18.49% | NPM : 22.14% | DER : 0.96x | Fair Value : -|

MDKA Perolah Dana Segar Rp855,70 Miliar Merdeka Copper Gold Tbk (MDKA) memperoleh dana segar senilai Rp855,70 miliar dari aksi penambahan modal tanpa hak memesan efek terlebih dahulu atau private placement. Perseroan melepas 215 juta saham baru dengan harga pelaksanaan Rp3.980 per saham. Modal ditempatkan dan disetor penuh perseroan setelah private placement menjadi 4,37 miliar dari sebelumnya 4,16 miliar. Terdapat dua pihak yang melakukan penyetoran saham yakni HSBC Ltd sebanyak 11,68 juta saham atua Rp46,49 miliar dan Indo Premier Sekuritas sebanyak 203,31 juta saham atau Rp809,20 miliar.


Harga ditutup bullish candle dan menguji resistance. Harga berpeluang menguji level 6.400. Apabila break 6.400 next harga ke level 6.540. Hati-hati jika harga tidak mampu tembus 6.400 atau malah berbailk menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 5.975 jika sudah melewati support 6.000 – 6.075.

NOTE:




Sector Rotation

Mingguan

Bulanan



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 BASIC INDUSTRY

BRPT IJ Equity 725 0.69 51.67 3.83 56.40 5.21 1.13 5.21 98.23 635 -12% Sell

CPIN IJ Equity 4,650 1.31 (35.64) 3.98 19.83 12.26 13.99 21.19 22.95 4,594 -1% Sell

INKP IJ Equity 6,950 0.72 (39.83) 0.69 6.79 2.72 4.61 10.66 113.83 11,300 63% Buy

INTP IJ Equity 21,175 (0.35) 14.77 3.57 54.48 29.32 5.47 6.48 0.50 19,321 -9% Sell

JPFA IJ Equity 1,580 - (26.51) 1.90 9.77 4.48 8.00 20.16 59.63 1,718 9% Buy

SMGR IJ Equity 13,075 0.38 13.70 2.56 29.93 10.99 4.11 8.74 30.13 13,824 6% Hold

TKIM IJ Equity 9,975 1.27 (10.14) 1.65 10.78 16.40 6.95 16.45 120.71 13,000 30% Buy

TPIA IJ Equity 8,400 1.82 41.77 5.92 83.65 27.56 4.18 7.14 34.35 4,568 -46% Sell

Industry Average in LQ45 3.01 33.95 13.62 6.06 12.00 60.04

Total of Industry Average 1.61 23.87 10.03 2.79 (23.24) 101.08

SECTOR CONSUMER GOODS

GGRM IJ Equity 76,475 0.63 (8.55) 3.31 17.27 10.19 12.84 20.01 38.38 92,353 21% Buy

HMSP IJ Equity 2,860 (0.69) (22.91) 11.68 23.48 17.75 32.64 50.51 0.33 3,656 28% Buy

ICBP IJ Equity 11,775 (0.42) 12.68 6.03 28.24 16.82 13.48 22.92 9.06 12,026 2% Hold

INDF IJ Equity 7,775 2.30 4.36 1.95 14.35 5.61 4.98 14.36 59.18 8,274 6% Hold

KLBF IJ Equity 1,620 (0.31) 6.58 5.18 30.38 20.17 13.62 17.85 2.34 1,598 -1% Sell

UNVR IJ Equity 45,825 1.16 0.94 68.89 37.70 25.52 43.81 183.94 20.26 45,194 -1% Sell


Total of Industry Average 6.38 25.92 21.68 8.94 19.78 46.26

SECTOR INFRASTRUCTURE

EXCL IJ Equity 3,330 (0.60) 68.18 1.91 130.48 3.70 (5.11) (14.59) 125.77 3,861 16% Buy

JSMR IJ Equity 5,700 0.44 33.18 2.34 18.66 6.17 2.50 13.33 157.26 6,431 13% Buy

PGAS IJ Equity 1,830 1.39 (13.68) 1.24 14.66 2.45 3.11 7.41 109.43 2,491 36% Buy

TLKM IJ Equity 4,380 (1.57) 18.45 4.62 21.26 6.62 9.77 22.82 37.58 4,713 8% Hold


Total of Industry Average 3.04 37.31 176.33 (3.90) (2.57) 131.60

Source: Bloomber LP





SECTOR MINING

ADRO IJ Equity 1,085 6.37 (10.70) 0.65 4.71 1.88 7.45 14.21 32.95 1,595 47% Buy

AKRA IJ Equity 4,030 (0.74) (6.06) 1.96 22.28 12.78 4.78 11.01 42.61 4,929 22% Buy

ANTM IJ Equity 1,015 (2.40) 32.68 1.23 30.48 8.90 2.47 4.14 50.26 1,209 19% Buy

INCO IJ Equity 3,300 (1.20) 1.23 1.24 440.05 19.34 0.23 0.27 1.94 3,814 16% Buy

INDY IJ Equity 1,365 3.02 (13.88) 0.55 30.95 1.04 0.46 1.74 129.53 2,125 56% Buy

ITMG IJ Equity 12,075 0.42 (40.37) 1.05 4.06 2.25 17.45 25.70 - 19,082 58% Buy

MEDC IJ Equity 760 (0.65) 10.95 0.75 9.06 1.47 (1.14) (5.07) 202.38 1,043 37% Buy

PTBA IJ Equity 2,490 2.89 (42.09) 1.52 5.57 4.01 19.44 29.25 5.12 3,509 41% Buy



SECTOR MISC INDUSTRY

ASII IJ Equity 6,575 3.95 (20.06) 1.91 12.62 6.84 6.40 15.79 49.27 8,025 22% Buy

SRIL IJ Equity 336 (0.59) (6.15) 0.84 5.24 2.30 6.72 17.23 139.64 Neutral #VALUE! #VALUE!



SECTOR PROPERTY

BSDE IJ Equity 1,400 3.70 11.55 0.94 8.94 8.84 5.69 11.01 46.06 1,692 21% Buy

CTRA IJ Equity 1,220 (2.79) 20.79 1.56 17.38 8.50 3.84 9.39 50.80 1,347 10% Buy

PTPP IJ Equity 1,890 (1.31) 4.71 0.91 8.47 3.94 2.84 11.34 74.03 2,656 41% Buy

PWON IJ Equity 670 (2.19) 8.06 2.37 11.61 8.59 11.10 22.42 36.44 763 14% Buy

WIKA IJ Equity 2,340 (0.43) 41.39 1.37 9.96 5.11 3.70 14.89 78.93 2,820 20% Buy

WSKT IJ Equity 1,790 (1.10) 6.55 1.35 12.33 4.81 1.58 11.35 224.10 2,274 27% Buy



Source: Bloomber LP





SECTOR TRADE

ERAA IJ Equity 1,480 (10.57) (32.73) 1.02 9.20 3.93 4.54 11.78 88.81 1,916 29% Buy

LPPF IJ Equity 3,100 2.31 (44.64) 4.81 9.66 5.17 15.33 45.23 - 4,783 54% Buy

MNCN IJ Equity 1,255 (0.40) 81.88 1.47 7.62 4.43 12.35 20.53 42.22 1,541 23% Buy

SCMA IJ Equity 1,160 (0.43) (37.97) 3.41 11.93 8.63 20.52 29.07 0.33 1,889 63% Buy

UNTR IJ Equity 20,500 2.63 (25.05) 1.40 6.82 3.05 10.84 21.57 17.95 31,304 53% Buy



Last Price Change (%) Chg. Ytd (%) PBV (x) PE (x) LDR (%) NPL NIM (%) DER (x) Fair Value Up-Side Recommendation

SECTOR FINANCE

BBCA IJ Equity 29,975 (0.08) 15.29 4.63 27.07 88.15 1.40 6.53 6.30 30,658 2% Hold

BBRI IJ Equity 4,080 0.25 11.48 2.65 14.83 90.10 2.27 7.35 64.57 4,701 15% Buy

BBNI IJ Equity 7,625 0.33 (13.35) 1.24 9.34 92.85 1.90 5.14 82.33 10,082 32% Buy

BBTN IJ Equity 2,190 0.46 (13.78) 0.94 8.63 103.45 2.82 3.81 188.00 2,698 23% Buy

BMRI IJ Equity 7,175 (0.69) (2.71) 1.80 12.70 100.47 2.75 5.36 56.75 8,971 25% Buy

BTPS IJ Equity 3,230 0.94 79.94 6.23 24.85 454.49 1.39 38.72 149.94 3,545 10% Buy



Source: Bloomber LP



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

ADRO IJ Equity 1,085 (10.7) Negatif Oversold Negatif 935 1,115 1,295 1,085 1,020 985 1,120 1,185 970 Speculative Buy

AKRA IJ Equity 4,030 (6.1) Negatif Trading Positif 3,720 3,930 4,135 4,055 3,980 3,905 4,130 4,205 3,845 Hold

ANTM IJ Equity 1,015 32.7 Positif Trading Negatif 835 1,005 1,170 1,030 1,015 1,000 1,045 1,060 985 Hold

ASII IJ Equity 6,575 (20.1) Positif Oversold Negatif 6,225 6,775 7,325 6,450 6,325 6,150 6,625 6,750 6,050 Speculative Buy

BBCA IJ Equity 29,975 15.3 Negatif Trading Negatif 29,300 30,275 31,250 29,775 29,575 29,325 30,025 30,225 28,875 Sell

BBNI IJ Equity 7,625 (13.4) Positif Oversold Negatif 7,525 8,025 8,525 7,575 7,525 7,375 7,725 7,775 7,275 Speculative Buy

BBRI IJ Equity 4,080 11.5 Positif Oversold Negatif 4,010 4,290 4,570 4,060 4,015 3,980 4,095 4,140 3,920 Speculative Buy

BBTN IJ Equity 2,190 (13.8) Positif Oversold Negatif 2,155 2,310 2,465 2,190 2,160 2,130 2,220 2,250 2,100 Speculative Buy

BMRI IJ Equity 7,175 (2.7) Positif Oversold Negatif 7,050 7,500 7,950 7,200 7,175 7,100 7,275 7,300 7,000 Speculative Buy

BRPT IJ Equity 725 51.7 Positif Trading Negatif 700 740 780 725 720 715 730 735 700 Hold

BSDE IJ Equity 1,400 11.6 Negatif Trading Positif 1,275 1,355 1,430 1,385 1,365 1,345 1,405 1,425 1,320 Hold

BTPS IJ Equity 3,230 79.9 Negatif Trading Negatif 3,050 3,270 3,495 3,240 3,185 3,140 3,285 3,340 3,090 Sell

CPIN IJ Equity 4,650 (35.6) Positif Oversold Negatif 4,365 4,860 5,350 4,630 4,590 4,560 4,660 4,700 4,490 Speculative Buy

CTRA IJ Equity 1,220 20.8 Negatif Trading Positif 1,165 1,235 1,305 1,230 1,215 1,185 1,260 1,275 1,170 Hold

ERAA IJ Equity 1,480 (32.7) Positif Oversold Negatif 1,705 1,955 2,210 1,575 1,470 1,370 1,675 1,780 1,350 Speculative Buy

EXCL IJ Equity 3,330 68.2 Negatif OverBought Negatif 3,140 3,275 3,410 3,335 3,290 3,205 3,420 3,465 3,155 Strong Sell

GGRM IJ Equity 76,475 (8.6) Negatif Trading Positif 71,375 74,450 77,500 75,850 75,200 74,075 76,975 77,625 72,975 Hold

HMSP IJ Equity 2,860 (22.9) Positif Trading Positif 2,790 2,930 3,065 2,870 2,845 2,820 2,895 2,920 2,775 Speculative Buy

ICBP IJ Equity 11,775 12.7 Negatif OverBought Positif 10,300 11,175 12,025 11,900 11,750 11,525 12,125 12,275 11,350 Sell

INCO IJ Equity 3,300 1.2 Positif Trading Positif 2,705 3,175 3,640 3,320 3,280 3,230 3,370 3,410 3,180 Speculative Buy

INDF IJ Equity 7,775 4.4 Negatif OverBought Positif 6,700 7,325 7,925 7,575 7,350 7,150 7,775 8,000 7,025 Sell

INDY IJ Equity 1,365 (13.9) Positif Oversold Negatif 1,270 1,415 1,565 1,365 1,315 1,275 1,405 1,455 1,255 Speculative Buy

INKP IJ Equity 6,950 (39.8) Positif Trading Positif 6,475 7,200 7,900 6,900 6,850 6,725 7,025 7,075 6,625 Speculative Buy

source: Bloomberg Lp



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 21,175 14.8 Positif Trading Negatif 21,150 21,950 22,750 21,250 21,025 20,625 21,650 21,875 20,300 Hold

ITMG IJ Equity 12,075 (40.4) Positif Strong Buy Negatif 11,525 14,975 18,450 12,200 11,725 11,525 12,400 12,875 11,350 Buy

JPFA IJ Equity 1,580 (26.5) Negatif Trading Negatif 1,500 1,565 1,635 1,585 1,565 1,545 1,605 1,625 1,520 Sell

JSMR IJ Equity 5,700 33.2 Positif Trading Negatif 5,575 5,750 5,950 5,675 5,575 5,525 5,725 5,825 5,425 Hold

KLBF IJ Equity 1,620 6.6 Negatif OverBought Positif 1,360 1,480 1,600 1,615 1,600 1,560 1,655 1,670 1,535 Sell

LPPF IJ Equity 3,100 (44.6) Positif Oversold Negatif 2,915 3,365 3,810 3,055 3,000 2,925 3,130 3,185 2,880 Speculative Buy

MEDC IJ Equity 760 10.9 Positif Oversold Negatif 745 800 860 765 750 740 775 790 730 Speculative Buy

MNCN IJ Equity 1,255 81.9 Positif Trading Negatif 1,210 1,315 1,420 1,250 1,230 1,195 1,285 1,305 1,175 Hold

PGAS IJ Equity 1,830 (13.7) Positif Oversold Negatif 1,860 1,960 2,060 1,810 1,795 1,755 1,850 1,865 1,730 Speculative Buy

PTBA IJ Equity 2,490 (42.1) Negatif Oversold Positif 2,300 2,555 2,805 2,470 2,410 2,370 2,510 2,570 2,335 Speculative Buy

PTPP IJ Equity 1,890 4.7 Negatif Trading Positif 1,755 1,950 2,145 1,900 1,880 1,855 1,925 1,945 1,825 Hold

PWON IJ Equity 670 8.1 Positif Trading Negatif 660 695 730 680 665 655 690 705 645 Hold

SCMA IJ Equity 1,160 (38.0) Positif Oversold Negatif 1,095 1,310 1,520 1,180 1,160 1,135 1,205 1,225 1,115 Speculative Buy

SMGR IJ Equity 13,075 13.7 Negatif Trading Positif 12,325 12,825 13,300 13,025 12,925 12,675 13,275 13,375 12,475 Hold

SRIL IJ Equity 336 (6.1) Positif Trading Negatif 335 342 349 338 335 334 339 342 328 Hold

TKIM IJ Equity 9,975 (10.1) Positif Trading Positif 8,650 10,400 12,175 9,875 9,750 9,550 10,075 10,200 9,400 Speculative Buy

TLKM IJ Equity 4,380 18.5 Negatif OverBought Positif 4,085 4,275 4,460 4,390 4,330 4,280 4,440 4,500 4,215 Sell

TPIA IJ Equity 8,400 41.8 Negatif Strong Sell Positif 5,725 7,150 8,575 8,325 8,275 8,175 8,425 8,475 8,050 Sell

UNTR IJ Equity 20,500 (25.0) Positif Strong Buy Negatif 18,700 22,725 26,725 20,250 19,900 19,550 20,600 20,950 19,250 Buy

UNVR IJ Equity 45,825 0.9 Negatif Trading Positif 43,250 44,575 45,875 45,575 45,150 44,725 46,000 46,425 44,050 Hold

WIKA IJ Equity 2,340 41.4 Negatif Trading Positif 2,185 2,300 2,415 2,335 2,315 2,295 2,355 2,375 2,260 Hold

WSKT IJ Equity 1,790 6.5 Negatif Trading Positif 1,660 1,870 2,085 1,805 1,790 1,770 1,825 1,840 1,740 Hold

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE CALENDAR

Date Event Country Act Prev Cons

23-Aug-19 Japan, Inflation Rate YoY JUL JPY 0.5% 0.7% Japan, Inflation Rate MoM JUL JPY 0.1% 0.0% Japan, Inflation Rate Ex-Food and Energy YoY JUL JPY 0.6% 0.5% 0.6%

US New Home Sales MoM JUL USD -12.8% 7% 6%

US New Home Sales JUL USD 0.635M 0.646M 0.66M

26-Aug-19 Japan, Leading Economic Index Final JUN JPY

94.9 93.3

Japan, Coincident Index Final JUN JPY

103.4 100.4

US Durable Goods Orders MoM JUL USD

2%

US Dallas Fed Manufacturing Index AUG USD

-6.3

US Durable Goods Orders Ex Transp MoM JUL USD

1.2%

27-Aug-19 GB Construction PMI AUG GBR

45.3

US Markit Manufacturing PMI Final AUG USD

50.4

US ISM Manufacturing PMI AUG USD

51.2

US Construction Spending MoM JUL USD

-1.3%

US IBD/TIPP Economic Optimism SEP USD

55.1

US ISM Manufacturing Employment AUG USD

51.7

US ISM Manufacturing New Orders AUG USD

50.8

US ISM Manufacturing Prices AUG USD

45.1

28-Aug-19 China, Caixin Services PMI AUG CNY

51.6

China, Caixin Composite PMI AUG CNY

50.9

US Balance of Trade JUL USD

$-55.2B

US Exports JUL USD

$206.3B

US Imports JUL USD

$261.5B

US Total Vehicle Sales AUG USD

16.8M

US API Crude Oil Stock Change AUG/30 USD

Source: Bloomberg Lp

https://tradingeconomics.com/japan/core-inflation-rate

https://tradingeconomics.com/united-states/new-home-sales

https://tradingeconomics.com/japan/leading-economic-index

https://tradingeconomics.com/japan/coincident-index



CORPORATE ACTION

RUPS

Date Time Company Event Place

26-Aug-19 9:00 PEHA RUPSLB

10:00 LAND RUPSLB Ruang Meeting, Sahid Serpong

28-Aug-19 9:30 NRCA RUPSLB Hotel Gran Meli Lt 1 14:00 BMRI RUPSLB

29-Aug-19 10:00 LINK RUPSLB 10:00 TRIL RUPSLB Jl Guntur No 45

14:00 BBTN RUPSLB

30-Aug-19 9:30 CNTX RUPSLB Pabrik Perseroan

14:00 ASRM RUPSLB Hotel Borobudur Banda B Room

14:00 BBNI RUPSLB Menara BNI Lt 6 14:00 PGAS RUPSLB

2-Sep-19 10:00 BTPS RUPSLB Menara BTPN, CBD Mega Kuningan

14:00 BBRI RUPSLB

5-Sep-19 8:30 URBN RUPSLB Hotel Grandhika Iskandarsyah 10:00 MPRO RUPSLB Mayapada Tower 2

11-Sep-19 10:00 BTPN RUPSLB Menara BTPN Lt 27 10:00 COCO RUPSLB Bandung

12-Sep-19 14:00 MKNT RUPSLB Jakarta

17-Sep-19 14:00 PANI RUPSLB Aula Serbaguna Dahlia Apartemen Kedoya

18-Sep-19 10:00 INAF RUPSLB Hotel Borobudur Jakarta 14:00 KAEF RUPSLB Hotel Borobudur Jakarta Dividend

Code Status Cum- Date Ex-Date Recording Date Pay -Date Ammount (IDR)/Share

IKBI Cash Dividen 30-Jul-19 31-Jul-19 1-Aug-19 22-Aug-19 8.8 AKRA Cash Dividen 5-Aug-19 6-Aug-19 7-Aug-19 16-Aug-19 50

SMSM Cash Dividen 8-Aug-19 9-Aug-19 12-Aug-19 23-Aug-19 15

IPO Company Underwriter Offering Date Listing Date IPO Price Shares (Mn)

Kencana Energy Tbk Bahana, RHB, Mirae Asset Sekuritas TBA TBA 250 - 420 977

Source: KSEI and OSO Research Team



Disclaimer This report has been prepared by PT OSO Sekuritas Indonesia on behalf of itself and its affiliated companies and is provided for information purposes only. Under no circumstance.is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. This report has been produced independently and the forecasts, opinions and expectations contained herein are entirely those of PT. OSO Sekuritas Indonesia. We expressly disclaim any responsibility or liability (express or implied) of PT. OSO Sekuritas Indonesia, its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action , suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT. OSO Sekuritas Indonesia, its affiliated companiesor their respective employees or agents accepts liability for any errors, omissions or mis-statements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. The information contained in this report is not be taken as any recommendation made by PT. OSO Sekuritas Indonesia or any other person to enter into any agreement with regard to any investment mentioned in this document. This report is prepared for general circulation. It does not have regards tothe specific person who may receive this report. In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice.

Research Team

Ike Widiawati Head of Research +62 21 2991 5300 ([email protected])

Rifqiyati Research Analyst +62 21 2991 5300 (Rifqiyati @oso-securities.com)

Sukarno Alatas Research Analyst +62 21 2991 5300 ([email protected])

Mochammad Cahyo Research Analyst +62 21 2991 5300 ([email protected])

Michelle Abadi Research Associate +62 21 2991 5300 ([email protected])

Disclosure Of Interests

As of the date of this report, 1. The research analysts primarily responsible for the preparation of all or part of this report hereby certify that:

the views expressed in this research report accurately reflect the personal views of each such analyst about the subject securities

and issuers; and

no part of the analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views

expressed in this research report.

2. The research analysts primarily responsible for the preparation of all or part of this report, or his/her associate(s), do not have any interest (including any direct or indirect ownership of securities, arrangement for financial accommodation or serving as an officer) in any company mentioned in this report

3. PT OSO Securities Indonesia on a business in Indonesia in investment banking, proprietary trading or agency broking in relation

to securities

PT OSO Sekuritas Indonesia - Research Cyber 2 Tower, 22

nd Floor

Jl. HR. Rasuna Said Blok X-5 No. 13 JakartaSelatan, 12950

Telp: +62-21-299-15-300 Fax : +62-21-290-21-497

mailto:[email protected]

OSODaily - oso-securities.comoso-securities.com/sipitung/files/OSO Daily 26 Agustus 2019.pdf ·...

Documents

Transcript of OSODaily - oso-securities.comoso-securities.com/sipitung/files/OSO Daily 26 Agustus 2019.pdf ·...