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Mirae Asset Sekuritas Indonesia
27 Juni, 2019
Market Index
Last Trade Chg (%) MoM YoY
JCI 6,310.5 -0.2 3.6 9.2
MSCI Indonesia 25.6 0.0 7.7 13.1
MSCI EM 1,047.9 0.2 5.7 -0.6
HANG SENG 28,222.0 0.1 3.3 -0.6
KOSPI 2,121.9 0.0 3.8 -9.4
FTSE 7,416.4 0 2.0 -2.6
DJIA 26,536.8 0.0 3.8 10.1
NASDAQ 7,910.0 0.3 3.2 5.9
Valuation
2018F P/E (x) P/B (x) ROE (%)
JCI 15.5 2.2 17.4
Key Rates
Last Trade Chg (bps) MoM YoY
BI 7-Day RR 6.00 0 25 -100
3yr 6.96 1 -34 -53
10yr 7.43 1 -49 -36
FX
Last Trade Chg (%) MoM YoY
USD/IDR 14,178.0 0.4 -1.8 -0.4
USD/KRW 1,156.7 0.0 -2.3 3.5
USD/JPY 107.8 0.6 -1.6 -2.2
USD/CNY 6.9 0.0 -0.3 4.6
Commodities
Last Trade Chg (%) MoM YoY
WTI 59.4 2.7 1.3 13.3
Gold 1,409.0 -1.0 9.6 12.5
Coal 70.9 -0.1 -15.2 -38.2
Palm Oil 1,916.0 -1.6 -3.0 -16.0
Rubber 166.3 -0.1 12.8 36.4
Nickel 12,490.0 1.5 1.1 -15.5
Copper 5,988.0 -0.9 0.6 -10.5
Tin 18,780.0 -1.4 -1.3 -5.2
JCI Index VS MSCI Emerging Markets
Market commentary
Hariyanto Wijaya CFA, CPA (Aust), CMT ([email protected])
IHSG ditutup sedikit lebih rendah -0,2% pada hari Rabu dipimpin oleh penurunan
BBCA, ASII, dan UNVR. Investor akan mengawasi hasil banding Prabowo terhadap
terpilihnya kembali Presiden Joko Widodo, yang dijadwalkan akan diumumkan oleh
Mahkamah Konstitusi pada pukul 12:30 siang waktu Jakarta. Kami perkirakan IHSG
akan trade mixed to higher karena kami perkirakan Mahkamah Konstitusi akan
menolak banding Prabowo.
Indeks AS ditutup bervariasi pada hari Rabu karena kenaikan di sektor teknologi
diimbangi oleh penurunan di sektor kesehatan. Investor mencerna mixed messages
atas prospek trade deal antara AS dan Cina ketika Presiden Trump dan Presiden Xi
bertemu pada 29 Juni (Sabtu) pada pertemuan G20 di Osaka.
MNCN: Road to success
Christine Natasya ([email protected])
Kami suka Media Nusantara Citra (MNCN/Buy/TP:IDR1,500) karena valuasinya yang
murah, diperdagangkan pada forward P/E 2019F sebesar 6.5x (-1.5 SD dari P/E rata-
rata enam tahun). Kami melihat audience share tinggi pada segmen FTA-TV yang
defensif dan pendapatan digital yang berkembang, dan kami perkirakan akan
mendorong pertumbuhan revenue sebesar 6.7% dan 24% pertumbuhan net profit
di FY19. Kami berharap revenue MNCN ditopang tren platform OTT dan digitalisasi,
yang menguntungkan konten dan digital bisnisnya.
Internet advertising to grow at faster rate than any other medium
Kontribusi iklan online terhadap total iklan Indonesia diperkirakan akan meningkat
dari hanya 13.1% pada 2016 menjadi 21.5% pada 2021. Meskipun iklan TV
cenderung tetap dominan (perkiraan: kontribusi 53.8% pada 2021), kami melihat
banyak ruang untuk pertumbuhan di iklan internet di Indonesia sejalan dengan tren
iklan global. Kami percaya MNCN akan mendapat keuntungan positif, mengingat
fokusnya pada saluran online.
Fine-tuning our forecasts; rights issue for deleveraging to come
Kami menyesuaikan estimasi kami sejalan dengan pandangan bullish kami pada
konten perusahaan dan bisnis digital. Selain prospek pertumbuhan masa depan
yang cerah, kami melihat rencana perusahaan melakukan non-preemptive rights
issue memberi katalis positif terhadap total hutang perseroan. Perusahaan
berencana menerbitkan 1.14bn saham baru (8% dari total saham beredar) dengan
range harga IDR1,600-IDR2,000. MNCN berencana menggunakan dana right issue
untuk deleveraging serta meningkatkan likuiditas perdagangan saham.
Huge room for growth; Upgrade to Buy
Kami berharap valuasi MNCN akan naik karena konten dan digital, di mana ada
ruang untuk bertumbuh. Dengan studio terintegrasi dan rumah produksinya sendiri,
MNCN mempertahankan dominasi all-time audience share (34.4% pada Mei 2019 vs
31.4% SCMA). MNCN juga akan membayar sebagian hutangnya setelah non-
preemptive rights issue.
550
800
1,050
1,300
1,550
4,000
5,000
6,000
7,000
01/1607/1601/1707/1701/1807/1801/19
JCI MSCI EM (pt) (pt)
27 Juni, 2019
3
Embun Pagi
Mirae Asset Sekuritas Indonesia
Local flashes
CTRA: Ciputra Development (CTRA) juga punya proyek di Asia Tenggara. PT Ciputra
Development Tbk (CTRA, anggota indeks Kompas100 ini) menyatakan memiliki proyek di
Asia Tenggara kendati skalanya tidak besar. Kepemilikan yang dipunyai CTRA berasal dari
proyek-proyek Grup Ciputra di luar negeri maupun yang dimiliki sendiri. "Kami sendiri belum
banyak di luar negeri dan hanya share kecil di luar negeri melalui Ciputra Group di
Singapura," ujar Agussurja Widjaja, Direktur CTRA, Rabu (26/6) (Kontan)
SMDR: Samudera Indonesia (SMDR) bagi dividen Rp 16 per saham. Rapat Umum
Pemegang Saham Tahunan (RUPST) PT Samudera Indonesia Tbk (SMDR, anggota indeks
Kompas100 ini) menyepakati pembagian dividen sebesar Rp 16 per saham. Adapun total
dividen yang dibagikan sebesar Rp 52,4 miliar."Ini sebesar 50% dari laba bersih yang dapat
diatribusikan kepada pemilik entitas induk tahun 2018," kata Bani Maulana Mulia, Direktur
Pengelola SMDR dalam pemaparan publik di The Energy Building, Rabu (26/6).(Kontan)
MYOH: Samindo Resources (MYOH) melirik proyek PLTS. Sejak 2017, PT Samindo
Resources Tbk berniat untuk merambah ke bisnis pembangkit listrik. Direktur Operasi dan
Pengembangan Samindo Resources Ahmad Saleh menuturkan, pihak kini mulai mengikuti
sejumlah tender proyek pembangkit listrik tenaga surya (PLTS).Salah satu tender yang
sedang mereka bidik adakah proyek PLTS dengan kapasitas 2x25 megawatt (MW),
sebelumnya emiten berkode saham MYOH ini juga sempat mengikuti beberapa tender
proyek pembangkit listrik. (Kontan)
KIJA: Catat kinerja positif di kuartal I, KIJA siap kembangkan kawasan industri Kendal. PT
Kawasan Industri Jababeka Tbk (KIJA) terus berupaya mengembangkan Kawasan Industri
Kendal di tahun 2019 seturut kinerja perseroan yang terus menoreh hasil positif.
Berdasarkan laporan keuangan perseroan, pada kuartal pertama 2019 KIJA menorehkan
pendapatan sebesar Rp 584,75 miliar atau meningkat 18,54% year on year (yoy) dibanding
perolehan pada periode yang sama di tahun sebelumnya sebesar Rp 493,26 miliar.(Kontan)
INCO: Vale dan Natarang Mining ajukan penawaran divestasi ke ESDM. Dua perusahaan
mineral sudah memberikan penawaran divestasi ke Kementerian Energi dan Sumber Daya
Mineral (ESDM). Kedua perusahaan tersebut adalah PT Vale Indonesia Tbk dan PT Natarang
Mining. Direktur Pembinaan dan Penguahaan Mineral Kementerian ESDM Yunus Saefulhak
mengatakan, kedua perusahaan tersebut sudah mengajukan penawaran divestasi sejak bulan
lalu. Hanya saja, data dan persyaratan penawaran baru dilengkapi pada bulan Juni
ini.(Kontan)
SSIA: Targetkan pendapatan tumbuh 10% tahun ini, begini rencana bisnis Surya Semesta
(SSIA). Pengembang kawasan industri, real estate, konstruksi serta perhotelan PT Surya
Semesta Internusa Tbk (SSIA) menargetkan pertumbuhan pendapatan 10% pada tahun ini.
Head of Investor Relations PT Surya Semesta Internusa Tbk Erlin Budiman mengatakan,
untuk mencapai target pendapatan tahun ini, SSIA masih mengandalkan kontribusi dari
bisnis jasa konstruksi. Maklum saja, lini bisnis ini menyumbang 66,3% atau Rp 2,44 triliun
atas total pendapatan SSIA tahun lalu. Disusul oleh hotel 21,71% (Rp 799,66 miliar), sewa,
parkir, dan jasa pemeliharaan utilitas 7,78% (Rp 286,6 miliar), serta tanah kawasan industri
4,17% (Rp 153,64 miliar).(Kontan)
27 Juni, 2019
4
Embun Pagi
Mirae Asset Sekuritas Indonesia
Technical analysis
Tasrul +62-21-515-1140 [email protected]
Jakarta Composite Index (JCI) – Consolidation
IHSG akan coba bertahan diatas normal lower band pada pola uptrend jangka
panjang .
IHSG saat ini sudah berada dalam pola uptrend jangka panjang dimana korelasi
pergerakkan indeks ini masih relatif valid (r-squared = 0.8317) seajak 945 hari terakhir
dimana bergerak normal dalam rentang +/- 1.38 std.deviasi dari centerline. IHSG
bergerak di luar pergerakan normal sekitar +16.83% atau sekitar 159 bar chart. Rata-
rata volatilitas normal pergerakan IHSG secara harian saat ini antara +0.46% / - 0.50 %
atau +29.03/ -31.55 point (rata-rata pergerakan normal positif / negatif selama periode
analisis) sebagaimana terlihat pada Figure 1.
Summary
Item Data Item Data
Close (June 26, 2019) 6,310(-0.16%) Trading range 6,283 - 6,345
Average index performance (%) 10.06 Target
Period 945 - Daily 6,345
r-squared 0.8317 - Weekly 6,387
Volatility (+/-, %) +0.46/ -0.5 - Monthly 6,417
Volatility (+/-, point) +29.03/ -31.55 Stop loss 6,233
Source: Mirae Asset Sekuritas Indonesia Research
Figure 1. Daily , Long term 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
_____ 6,343.0_____ 6,285.3
Optimization Trading System - ©2010 - Powered by AMTA Optimization Trading System - ©2010 - Powered by AMTA Optimization Trading System - ©2010 - Powered by AMTA Optimization Trading System - ©2010 - Powered by AMTA
Composite Index [ ^JKSE ] - Daily - 6/26/2019 Open: 6,324 High: 6,334 Low: 6,303 Close: 6,310 Vol. 12,096,440,320
Prev. Avg. Price: 6,316.0
R-Squared: 0.8317
Period: 945
Std.Dev: 1.38
Volatility (+) : 0.0043
Volatility (-) : -0.0049
V-Ratio : 0.88
Chg.: -0.16%
6,310.49
6,233.17
6,175.71
5,812.97
6,352.66
6,600.98
6,600.98
6,968.79
7,388.99
May Jun Jul Aug Sep Oct Nov Dec 2019 Feb Mar Apr May Jun
^JKSE - Volume = 12,096,440,320.00, MA(Volume,23) = 9,393,839,104.00, MA1(Volume,23) = 9,393,839,104.0012,096,440,320
9,393,839,104
9,393,839,104
27 Juni, 2019
5
Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana keluar dan volatilitas indeks turun masih terlihat sementara
Pada Figure 2, terlihat dari hasil optimalisasi terakhir pada periode daily indikator MFI
optimized. dan indicator RSI optimized masih cenderung turun. Namun pada periode
weekly ,indikator MFI optimized dan indikator RSI optimized juga masih cenderung
naik. Daily resistance terdekat di 6,345 dan support di 6,283. Cut loss level di 6,233..
Figure 2. Daily, Long term trend, MFI 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 = 49.08
49.0795
^JKSE - RSI Smoothed = 58.68
58.6787
_____ 6,345.0_____ 6,284.4
Optimization Trading System - ©2010 - Powered by AMTA Optimization Trading System - ©2010 - Powered by AMTA
Composite Index [ ^JKSE ] - Daily - 6/26/2019 Open: 6,324 High: 6,334 Low: 6,303 Close: 6,310 Vol. 12,096,440,320
Prev. Avg. Price: 6,316.0
R-Squared: 0.8317
Period: 945
Std.Dev: 1.38
Volatility (+) : 0.0046
Volatility (-) : -0.0050
V-Ratio : 0.92
Chg.: -0.16%
6,310.49
6,175.71
6,352.66
Sep Oct Nov Dec 2019 Feb Mar Apr May Jun
^JKSE - Volume = 12,096,440,320.00, MA(Volume,23) = 9,393,839,104.0012,096,440,320
9,393,839,104
27 Juni, 2019
6
Embun Pagi
Mirae Asset Sekuritas Indonesia
Figure 3. Weekly Trend – Uptrend, MFI optimized & W%R optimized
A
Source: Mirae Asset Sekuritas Indonesia Research
IHSG akan coba bertahan diatas rata-rata masing masing periode
Pada pergerakkan daily, rata-rata koreksi normal sekitar -0.50% saat ini di -0.16%.
Sementara itu pada pergerakan weekly koreksi normal rata-rata sekitar -1.33%,
sementara saat ini di level -0.08%. Pada pergerakan monthly saat ini di level +1.63%,
normal kenaikkkan di +2.08%. Dengan demikian diperkirakan hari ini masih terlihat pola
konsolidasi. Pada Figure 4,5 dan 6 terlihat perkiraan normal trading range untuk masing-
masig periode.
Figure 4. Daily : 6,283 – 6,345 Figure 5. Weekly : 6,224 – 6,387 Figure 6. Monthly : 6,097 – 6,417
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 = 90.27 90.2712
^JKSE - Will%R Smoothed = -46.78
-46.784
_____ 6,387.4_____ 6,224.4
Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010
Composite Index [ ^JKSE ] - Weekly - 6/26/2019 Open: 6,308 High: 6,334 Low: 6,280 Close: 6,310 Vol. 34,581,504,000
Prev. Avg. Price: 6,308.3
R-Squared: 0.8354
Period: 201
Std.Dev: 1.39
Volatility (+) : 0.0125
Volatility (-) : -0.0133
V-Ratio : 0.94
Chg.: -0.08%
6,310.49
6,242.17
6,208.59
5,904.4
5,759.95
6,361.48
6,610
6,977.84
Jul Oct 2016 Apr Jul Oct 2017 Apr Jul Oct 2018 Apr Jul Oct 2019 Apr
^JKSE - Volume = 34,581,504,000.00, MA(Volume,20) = 44,892,135,424.00
34,581,504,000
44,892,135,424
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,345.0
_____ 6,284.36,316.0
Composite Index [ ^JKSE ] - Daily - 6/26/2019
Prev. Avg. Price: 6,316.0
R-Squared: 0.8317
Period: 945
Std.Dev: 1.38
Volatility (+) : 0.0046
Volatility (-) : -0.0050
V-Ratio : 0.92
Chg.: -0.16%
6,310.49
4,000M
6,000M
8,000M
10,000M
12,000M^JKSE - Volume = 12,096,440,320.00 12,096,440,320
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,387.4
_____ 6,224.4
6,308.3
Composite Index [ ^JKSE ] - Weekly - 6/26/2019
Prev. Avg. Price: 6,308.3
R-Squared: 0.8354
Period: 201
Std.Dev: 1.39
Volatility (+) : 0.0125
Volatility (-) : -0.0133
V-Ratio : 0.94
Chg.: -0.08%
6,310.49
Apr May Jun
^JKSE - Volume = 34,581,504,000.00, MA(Volume,7)
34,581,504,000
42,656,952,320
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,416.6
_____ 6,097.2
6,286.2
Composite Index [ ^JKSE ] - Monthly - 6/26/2019
Prev. Avg. Price: 6,286.2
R-Squared: 0.8460
Period: 48
Std.Dev: 1.43
Volatility (+) : 0.0208
Volatility (-) : -0.0301
V-Ratio : 0.69
Chg.: 1.63%
6,310.49
Apr 2019
^JKSE - Volume = 125,818,667,008.00, MA(Volume,9)
125,818,667,008
169,388,032,000
27 Juni, 2019
7
Embun Pagi
Mirae Asset Sekuritas Indonesia
Stocks on our focus list
Wijaya Karya Bangunan Gedung (WEGE) – Daily , Buy on Weakness
Harga akan coba naik bertahan diatas normal lower band pada uptrend channel
Secara umum harga saham ini berada dalam pola uptrend channel periode daily dimana
korelasi pergerakkan harga masih relatif valid (r-squared = 0.81) selama 30 hari
terakhir yang bergerak normal dalam rentang +/- 1.06 std.deviasi dari center line.
Harga keluar dari pergerakan normal sekitar +28.91% (sekitar 8 bar chart ). Rata-rata
volatilitas normal pergerakan harga saat ini antara +2.86%/-2.6% atau +9.67 rupiah/ -
9.02 rupiah (rata-rata pergerakan normal positif / negatif, selama periode analisis)
sebagaimana terlihat pada Figure 7.
Summary
Item Data Item Data
Close (June 26, 2019)) 338 (-1.74%) Trading range 332 - 350
Relative Avg. Price performance to JCI (%) 2.57 Target
β (beta) (1.71) - Daily 350
Corelation 0.81 - Weekly 360
Period 30 - Monthly 374
r-squared 0.711 Stop loss 320
Volatility (+/-, %) +2.86/ -2.6
Volatility (+/-, Rp.) +9.67/-9.02
Source: Mirae Asset Sekuritas Indonesia Research
Figure 7.Daily trend – Uptrend
ource: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 351.1
_____ 332.2
Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010
Wijaya Karya Bangunan Gedung Tbk. [ WEGE ] - Daily - 6/26/2019 Open: 344 High: 354 Low: 332 Close: 338 Vol. 46,083,200
Prev. Avg. Price: 341.3
R-Squared: 0.7109
Period: 30
Std.Dev: 1.06
Volatility (+) : 0.0286
Volatility (-) : -0.0267
V-Ratio : 1.07
Chg.: -1.74%
338
334.08
319.74
312.618
345.372
345.372
348.375
356.664
378.126
18 25 Apr 8 15 22 29 May 13 20 27 Jun 17 24
WEGE - Volume = 46,083,200.00, MA(Volume,4) = 49,000,400.00
46,083,200
49,000,400
27 Juni, 2019
8
Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana keluar dan volatilitas harga turun masih terlihat namun mulai terbatas.
Pada Figure 8, terlihat dari hasil optimasi pada indikator MFI optimized dan indikator
W%R optimized akan menguji support trendline. Daily support 332 dan resistance di
350. Cut loss level di 320.
Figure 8. Weekly, MFI optimized & W%R optimized
X`Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
WEGE - MFI Smoothed = 63.66
63.6645
WEGE - Will%R Smoothed = -54.26
-54.2567
_____ 349.5_____ 331.7
Optimization Trading System - ©2010
Wijaya Karya Bangunan Gedung Tbk. [ WEGE ] - Daily - 6/26/2019 Open: 344 High: 354 Low: 332 Close: 338 Vol. 46,083,200
Prev. Avg. Price: 341.3
R-Squared: 0.7109
Period: 30
Std.Dev: 1.06
Volatility (+) : 0.0241
Volatility (-) : -0.0282
V-Ratio : 0.85
Chg.: -1.74%
338
319.74
Jun Jul Aug Sep Oct Nov Dec 2019 Feb Mar Apr May Jun
WEGE - Volume = 46,083,200.00, MA(Volume,4) = 49,000,400.00
46,083,200
49,000,400
27 Juni, 2019
9
Embun Pagi
Mirae Asset Sekuritas Indonesia
Harga 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). Pada pergerakkan daily harga
saat ini di level -1.74%. Normal koreksi -2.67%. Pada pergerakkan weekly koreksi
normal di level -4.30% saat ini di level -3.98%. Sementara itu pada pergerakan monthly
saat ini di +6.96% dan normal kenaikkan +12.10% Dengan demikian potensi koreksi
sementara mulai terbatas. Pada Figure 9,10 dan 11 terlihat perkiraan normal trading
range untuk masing-masing periode.
Figure 9. Daily : 332 – 350 Figure 10. Weekly : 328 – 360 Figure 11. Monthly : 290– 374
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
_____ 351.1
_____ 332.2
341.3
Wijaya Karya Bangunan Gedung Tbk. [
Prev. Avg. Price: 341.3
R-Squared: 0.7109
Period: 30
Std.Dev: 1.06
Volatility (+) : 0.0286
Volatility (-) : -0.0267
V-Ratio : 1.07
Chg.: -1.74%
338
50M
100M
150MWEGE - Volume = 46,083,200.00
46,083,200
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 359.8
_____ 327.3342.0
Wijaya Karya Bangunan Gedung Tbk. [
Prev. Avg. Price: 342.0
R-Squared: 0.6970
Period: 52
Std.Dev: 1.02
Volatility (+) : 0.0522
Volatility (-) : -0.0430
V-Ratio : 1.21
Chg.: -3.98%
338
Apr May Jun
WEGE - Volume = 117,362,600.00, MA(Volume,7)
117,362,600
269,832,832
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 373.7
_____ 293.5
333.3
Wijaya Karya Bangunan Gedung Tbk. [
Prev. Avg. Price: 333.3
R-Squared: 1.0000
Period: 2
Std.Dev:
Volatility (+) : 0.1210
Volatility (-) : -0.1194
V-Ratio : 1.01
Chg.: 6.96%
338
Apr 2019
WEGE - Volume = 842,527,808.00, MA(Volume,9)
842,527,808
736,800,320
27 Juni, 2019
10
Embun Pagi
Mirae Asset Sekuritas Indonesia
Summarecon Agung ( SMRA) –Daily , Buy on Weakness
Harga akan coba naik dan mendekati center line pada uptrend channel
Secara umum harga saham ini masih dalam pola uptrend channel pada pergerakkan
daily dimana korelasi pergerakkan harga masih relatif valid (r-squared = 0.68) selama
185 hari terakhir dan bergerak normal dalam rentang +/-1.42 std.deviasi dari center
line. Harga keluar dari pergerakan normal sekitar +15.62 % (sekitar 29 bar chart ). Rata-
rata volatilitas normal pergerakan harga saat ini antara +31.82% /-28.08 % atau +31.82
rupiah / -28.08 rupiah (rata-rata pergerakan normal positif / negatif, selama periode
analisis) sebagaimana sebagaimana terlihat pada Figure 12.
Summary
Item Data Item Data
Close (June 26, 2019) 1,170(+0.86%) Trading range 1,145 - 1,210
Relative Avg. Price performance to JCI (%) (5.52) Target
β (beta) 1.76 - Daily 1,210
Corelation (0.68) - Weekly 1,280
Period 185 - Monthly 1,300
r-squared 0.844 Stop loss 1,150
Volatility (+/-, %) +2.72/ -2.4
Volatility (+/-, Rp.) +31.82/ -28.08
Source: Mirae Asset Sekuritas Indonesia Research
Figure 12. Daily – Uptrend
x`
Source: Mirae Asset Sekuritas Indonesia Research
,
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,207.0
_____ 1,146.8
Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010
Summarecon Agung Tbk. [ SMRA ] - Daily - 6/26/2019 Open: 1,155 High: 1,200 Low: 1,155 Close: 1,170 Vol. 8,104,700
Prev. Avg. Price: 1,175.0
R-Squared: 0.8438
Period: 185
Std.Dev: 1.42
Volatility (+) : 0.0272
Volatility (-) : -0.0240
V-Ratio : 1.13
Chg.: 0.86%
1,170
1,149.09
1,091.24
1,087.95
1,201.93
1,312.62
Sep Oct Nov Dec 2019 Feb Mar Apr May Jun
SMRA - Volume = 8,104,700.00, MA(Volume,23) = 23,079,174.00
8,104,700
23,079,174
27 Juni, 2019
11
Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana keluar dan volatilitas harga turun masih terlihat namun mulai terbatas.
Pada Figure 13, terlihat dari hasil optimalisasi indikator MFI optimized dan W%R
optimized akan menguji support trendline. Daily support di 1,145 sementara itu daily
resistance di 1,210. Cut loss level di 1,150.
Figure 13. Daily, MFI 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
SMRA - MFI Smoothed = 16.48
16.4786
SMRA - RSI Smoothed = 36.23
36.2328
_____ 1,199.5_____ 1,154.2
Optimization Trading System - ©2010 - Powered by AMTA Optimization Trading System - ©2010 - Powered by AMTA
Summarecon Agung Tbk. [ SMRA ] - Daily - 6/26/2019 Open: 1,155 High: 1,200 Low: 1,155 Close: 1,170 Vol. 8,104,700
Prev. Avg. Price: 1,175.0
R-Squared: 0.8438
Period: 185
Std.Dev: 1.42
Volatility (+) : 0.0208
Volatility (-) : -0.0177
V-Ratio : 1.18
Chg.: 0.86%
1,170
1,149.09
1,087.95
Dec 2019 Feb Mar Apr May Jun
SMRA - Volume = 8,104,700.00, MA(Volume,23) = 23,079,174.00
8,104,700
23,079,174
27 Juni, 2019
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 koreksi
normal harga pada pergerakkan daily sekitar -2.40% saat ini di level -0.86%. Sementara
itu pada pergerakkan weekly koreksi normal sekitar -7.51% saat ini harga di level -
5.37%. Pada pergerakan monthly kenaikkan normal sekitar +9.48% saat ini di +13.04%.
Dengan demikian diperkirakan potensi kenaikkan masih terlihat secara umum. Pada
Figure 14,15 dan 16 terlihat perkiraan normal trading range untuk masing-masing
periode.
Figure 14. Daily : 1,145 – 1,210 Figure 15. Weekly : 1,130 – 1,280 Figure 16. Monthly : 1,070– 1,300
, 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
_____ 1,277.2
_____ 1,130.9
1,195.0
Summarecon Agung Tbk. [ SMRA ] - Weekly
Prev. Avg. Price: 1,195.0
R-Squared: 0.8245
Period: 40
Std.Dev: 1.36
Volatility (+) : 0.0688
Volatility (-) : -0.0537
V-Ratio : 1.28
Chg.: -7.51%
1,170
Apr May Jun
SMRA - Volume = 48,104,800.00, MA(Volume,7)
48,104,800
91,529,856
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,297.3
_____ 1,071.5
1,185.0
Summarecon Agung Tbk. [ SMRA ] - Monthly
Prev. Avg. Price: 1,185.0
R-Squared: 0.7217
Period: 54
Std.Dev: 1.08
Volatility (+) : 0.0948
Volatility (-) : -0.0957
V-Ratio : 0.99
Chg.: 13.04%
1,170
Apr 2019
SMRA - Volume = 333,744,608.00, MA(Volume,9)
333,744,608
420,835,360
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 1,207.0
_____ 1,146.81,175
Summarecon Agung Tbk. [ SMRA ] - Daily
Prev. Avg. Price: 1,175.0
R-Squared: 0.8438
Period: 185
Std.Dev: 1.42
Volatility (+) : 0.0272
Volatility (-) : -0.0240
V-Ratio : 1.13
Chg.: 0.86%
1,170
Jun 17 24
SMRA - Volume = 8,104,700.00
8,104,700
27 Juni, 2019
13
Embun Pagi
Mirae Asset Sekuritas Indonesia
Jasa Marga (JSMR) – Daily , Buy on Weakness
Harga akan coba bertahan diatas normal lower band pada uptrend channel.
Secara umum harga saham ini bergerak dalam uptrend trend channel dimana korelasi
pergerakkan harga masih relatif valid (r-squared = 0.811) selama 161 hari terakhir dan
bergerak normal dalam rentang +/- 1.31 std.deviasi dari centerline. Harga keluar dari
pergerakan normalnya sekitar +18.92% (sekitar 30 bar chart ). Rata-rata volatilitas
normal pergerakan harga saat ini antara +1.52%/ -1.47% atau +87.02 rupiah / -18.16
rupiah (rata-rata pergerakan normal positif / negatif, selama periode analisis)
sebagaimana terlihat pada Figure 17.
Summary
Item Data Item Data
Close (June 26, 2019) 5,725 (-1.29%) Normal trading range 5,650 - 5,825
Relative Avg. Price performance to JCI (%) 11.60 Target
β (beta) 1.22 - Daily 5,825
Corelation 0.10 - Weekly 6,050
Period 161 - Monthly 6,250
r-squared 0.811 Stop loss 5,600
Volatility (+/-, %) +1.52/ -1.47
Volatility (+/-, Rp.) 87.02/ -84.16
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
_____ 5,837.7
_____ 5,665.6
Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010 Optimization Trading System - ©2010
Jasa Marga (Persero) Tbk. [ JSMR ] - Daily - 6/26/2019 Open: 5,750 High: 5,800 Low: 5,725 Close: 5,725 Vol. 3,450,100
Prev. Avg. Price: 5,750.0
R-Squared: 0.8108
Period: 161
Std.Dev: 1.31
Volatility (+) : 0.0152
Volatility (-) : -0.0147
V-Ratio : 1.04
Chg.: -1.29%
5,725
5,698.35
5,264.48
5,740.23
5,880.87
5,880.87
6,081.06
6,081.06
6,463.78
6,897.64
Oct Nov Dec 2019 Feb Mar Apr May Jun
JSMR - Volume = 3,450,100.00, MA(Volume,12) = 10,667,117.00
3,450,100
10,667,117
27 Juni, 2019
14
Embun Pagi
Mirae Asset Sekuritas Indonesia
Aliran dana keluar dan volatilitas harga turun masih terlihat namun mulai terbatas.
Pada Figure 18, terlihat dari hasil optimalisasi. Indikator MFI optimized dan indkator
W&R optimized akan menguji support trendline. Perkiraan daily support di 5,650 dan
daily resistance di 5,825. Cut loss level di 5,600.
Figure 18. Daily,MFI optimized & RSI optimized
XXXXXXXXXXXXXXX
Source: Mirae Asset Sekuritas Indonesia Research
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
JSMR - MFI Smoothed = 17.95
17.9546
JSMR - Will%R Smoothed = -72.87
-72.8654
_____ 5,841.8_____ 5,648.0
Optimization Trading System - ©2010 Optimization Trading System - ©2010
Jasa Marga (Persero) Tbk. [ JSMR ] - Daily - 6/26/2019 Open: 5,750 High: 5,800 Low: 5,725 Close: 5,725 Vol. 3,450,100
Prev. Avg. Price: 5,750.0
R-Squared: 0.8108
Period: 161
Std.Dev: 1.31
Volatility (+) : 0.0160
Volatility (-) : -0.0177
V-Ratio : 0.90
Chg.: -1.29%
5,725
5,740.23
5,880.87
Nov Dec 2019 Feb Mar Apr May Jun
JSMR - Volume = 3,450,100.00, MA(Volume,12) = 10,667,117.00
3,450,100
10,667,117
27 Juni, 2019
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
koreksi harga pada pergerakkan daily sekitar -1.47%, saat ini di level -1.28%. Pada
pergerakkan weekly potensi koreksi normal sekitar -3.20%, saat ini di level -2.14%.
Sementara pergerakkan monthly saat ini level +4.44% sementara kenaikkan normal di
+7.21%. Dengan demikian potensi kenaikkan masih terliha namun mulai terbatas. Pada
Figure 19,20 dan 21 terlihat perkiraan normal trading range untuk masing-masing
periode.
Figure 19. Daily : 5,650 – 5,825 Figure 20. Weekly : 5,625 – 6,050 Figure 21. Monthly : 5,475 – 6,250
,,
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
_____ 5,837.7
_____ 5,665.6
5,750.0
Jasa Marga (Persero) Tbk. [ JSMR ] - Daily
Prev. Avg. Price: 5,750.0
R-Squared: 0.8108
Period: 161
Std.Dev: 1.31
Volatility (+) : 0.0152
Volatility (-) : -0.0147
V-Ratio : 1.04
Chg.: -1.29%
5,725
Jun 17 24
JSMR - Volume = 3,450,100.00
3,450,100
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,048.2
_____ 5,630.7
5,816.7
Jasa Marga (Persero) Tbk. [ JSMR ] - Weekly
Prev. Avg. Price: 5,816.7
R-Squared: 0.8080
Period: 36
Std.Dev: 1.30
Volatility (+) : 0.0398
Volatility (-) : -0.0320
V-Ratio : 1.25
Chg.: -2.14%
5,725
Apr May Jun
JSMR - Volume = 16,533,900.00, MA(Volume,7)
16,533,900
43,506,156
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com
_____ 6,262.7
_____ 5,477.1
5,841.7
Jasa Marga (Persero) Tbk. [ JSMR ] - Monthly
Prev. Avg. Price: 5,841.7
R-Squared: 0.5170
Period: 136
Std.Dev: 0.70
Volatility (+) : 0.0721
Volatility (-) : -0.0624
V-Ratio : 1.15
Chg.: 0.44%
5,725
Apr 2019
JSMR - Volume = 182,696,576.00, MA(Volume,9)182,696,576
153,528,880
27 Juni, 2019
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 are June 25th, 2019
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
13,800
14,200
14,600
15,000
15,400
5,400
5,800
6,200
6,600
3/27 4/24 5/22 6/19
(IDR) (pt) JCI (L) USD/IDR (R)
-0.2 -0.5
3.5
9.0
-0.4
0.1
-2.5
9.4
-4
0
4
8
12
1D 1W 1M 1Y
Absolute Relative(%, %p)
21 11 28
163
-11
349
-203
418
97
666
-29
184
-300
-200
-100
0
100
200
300
400
500
600
700
800
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)
70
80
90
100
110
120
3/27 4/24 5/22 6/19
CPO WTI Coal(D-3M=100)
85
90
95
100
105
110
03/19 04/19 05/19 06/19
(D-3M=100) Copper Nickel Tin
85
95
105
115
03/19 04/19 05/19 06/19
(D-3M=100) Silver Gold Platinum
27 Juni, 2019
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 6,310 7,210,563 -0.2 -0.5 3.5 9.0 15.5 13.9 2.2 2.1 17.4 10.9
FINANCIALS
Bank Central Asia BBCA 29,325 723,008 -0.8 -1.3 3.2 37.4 24.8 28.2 4.2 4.8 18.3 18.3
Bank Mandiri Persero BMRI 7,950 371,000 0.0 -0.3 2.9 20.5 13.8 15.4 1.9 2.1 14.4 13.9
Bank Rakyat Indonesia Persero BBRI 4,360 537,788 0.7 1.6 11.2 53.5 13.8 16.5 2.4 2.9 18.5 18.4
Bank Negara Indonesia Persero BBNI 8,850 165,041 -0.8 -0.6 1.7 25.5 10.9 10.8 1.5 1.5 14.5 14.6
Bank Tabungan Negara Persero BBTN 2,600 27,534 -2.3 -5.1 5.7 3.2 21.5 11.0 1.8 1.1 9.8 10.5
CONSUMER
HM Sampoerna HMSP 3,190 371,055 0.0 -5.1 -2.1 -10.6 32.0 28.1 12.2 10.6 39.0 38.2
Gudang Garam GGRM 76,900 147,962 0.5 -1.8 -3.6 11.8 20.6 18.2 3.6 3.3 17.8 18.6
Indofood CBP Sukses Makmur ICBP 10,050 117,202 0.5 -0.7 2.8 17.2 26.7 26.6 5.6 5.3 22.2 20.9
Indofood Sukses Makmur INDF 6,950 61,024 -0.4 -1.4 6.5 6.1 15.7 15.3 1.9 1.8 12.8 12.2
Kalbe Farma KLBF 1,470 68,906 -0.7 -0.7 9.3 18.5 29.0 28.2 4.9 4.7 17.6 17.5
Unilever Indonesia UNVR 44,825 342,015 -0.9 -2.3 3.8 0.9 38.0 42.8 46.9 54.2 145.1 139.8
AGRICULTURAL
Astra Agro Lestari AALI 10,400 20,017 1.2 1.5 -0.2 -8.4 15.8 13.4 1.2 1.1 7.7 7.6
PP London Sumatera Indonesia LSIP 1,120 7,642 -0.4 -3.4 1.8 11.4 25.5 14.9 1.0 0.9 4.0 5.8
Sawit Sumbermas Sarana SSMS 1,005 9,573 -1.0 -2.4 -1.0 -21.5 138.1 17.0 2.9 2.2 2.1 12.8
INFRASTRUCTURE
XL Axiata EXCL 2,920 31,209 2.1 -1.0 3.9 15.0 N/A 813.1 1.2 1.4 -16.5 0.3
Jasa Marga JSMR 5,725 41,551 -1.3 -2.1 0.4 34.7 14.1 18.6 1.8 2.4 13.8 12.7
Perusahaan Gas Negara PGAS 2,140 51,877 5.9 3.9 5.4 11.5 11.2 15.1 1.4 1.2 9.7 8.2
Tower Bersama Infrastructure TBIG 3,780 17,129 0.0 -1.6 13.5 -23.0 23.0 19.0 4.6 5.3 21.1 27.3
Telekomunikasi Indonesia TLKM 3,980 394,268 -0.7 -2.9 5.7 8.8 20.6 20.1 3.8 4.0 18.8 19.5
Soechi Lines SOCI 242 1,708 4.3 12.0 14.2 39.9 4.7 N/A 0.2 N/A 4.2 N/A
Garuda Indonesia GIAA 392 10,148 -1.0 -4.4 -13.3 56.8 N/A N/A 0.8 1.2 -19.1 -12.0
BASIC-INDUSTRIES
Semen Indonesia SMGR 11,450 67,916 0.0 -1.3 0.7 49.7 22.2 27.0 2.2 2.2 10.2 8.3
Charoen Pokphand Indonesia CPIN 4,430 72,643 0.0 -1.1 -4.5 21.4 26.0 16.1 6.1 3.8 26.0 25.3
Indocement Tunggal Prakarsa INTP 19,975 73,533 -0.6 -4.5 0.0 47.1 59.3 68.9 2.9 3.3 4.8 5.3
Japfa Comfeed Indonesia JPFA 1,520 17,824 0.0 5.6 2.4 -7.9 11.5 7.5 2.6 1.7 24.5 22.1
MINING
Indo Tambangraya Megah ITMG 17,700 20,000 -1.7 4.0 3.8 -20.5 5.8 5.3 1.6 1.4 27.1 27.0
Adaro Energy ADRO 1,360 43,501 2.3 6.7 7.5 -20.2 6.4 7.4 0.7 0.8 11.7 11.8
Aneka Tambang ANTM 825 19,825 -2.4 3.8 11.5 -1.8 21.0 25.1 0.9 1.1 4.6 3.9
Vale Indonesia INCO 3,050 30,306 -1.0 4.1 10.9 -23.0 36.8 30.7 1.2 1.1 3.3 4.0
Tambang Batubara Bukit Asam PTBA 2,990 34,447 -2.3 1.4 3.8 -26.0 9.0 6.8 2.8 2.1 33.9 35.3
TRADE
United Tractors UNTR 27,800 103,698 0.0 1.1 11.9 -13.7 9.2 9.2 1.9 1.9 22.4 22.1
AKR Corporindo AKRA 4,090 16,420 -0.7 -4.4 0.5 -8.1 24.0 18.5 2.1 2.0 20.7 13.1
Global Mediacom BMTR 384 5,888 4.3 -4.0 -4.0 -29.5 4.1 N/A 0.4 N/A 8.8 N/A
Matahari Department Store LPPF 3,450 10,067 1.2 -0.3 -8.2 -59.3 14.9 5.9 8.8 3.1 53.0 65.7
Media Nusantara Citra MNCN 1,050 14,990 6.6 -6.7 -3.2 8.2 5.7 10.7 0.9 1.4 16.2 14.1
Matahari Putra Prima MPPA 220 1,656 -6.0 12.8 10.0 -8.3 N/A N/A 1.0 N/A -77.3 N/A
Surya Citra Media SCMA 1,605 23,704 -0.3 -7.8 3.2 -26.0 18.4 15.5 6.0 5.3 35.0 34.3
Siloam International Hospital SILO 4,520 7,348 -0.4 -11.4 5.9 -17.8 360.8 154.9 0.9 1.1 0.3 0.8
PROPERTY
Bumi Serpong Damai BSDE 1,515 29,159 3.8 1.3 16.5 -8.2 18.6 15.9 0.9 1.1 5.0 6.7
Adhi Karya ADHI 1,655 5,893 -2.4 1.5 12.6 -11.5 8.8 7.5 0.9 0.9 10.6 11.8
Alam Sutera Relaty ASRI 346 6,799 0.0 1.2 5.5 1.2 6.3 6.2 0.6 0.7 10.8 11.2
Ciputra Development CTRA 1,065 19,767 -0.9 -6.6 5.4 -3.2 15.9 19.1 1.3 1.3 8.5 7.0
Lippo Karawaci LPKR 280 6,464 0.0 11.0 7.6 1.4 8.9 7.1 0.3 0.4 3.3 5.6
Pembangunan Perumahan PTPP 2,180 13,516 -2.7 -1.4 15.3 0.0 7.5 8.6 0.9 1.0 12.4 12.5
Pakuwon Jati PWON 730 35,157 -2.0 -7.6 9.0 32.7 11.7 15.5 2.4 2.8 22.2 19.1
Summarecon Agung SMRA 1,170 16,879 0.9 -7.9 4.5 18.2 25.9 47.6 1.7 2.6 6.7 5.4
Wijaya Karya WIKA 2,340 20,990 -0.4 -2.1 6.8 70.2 8.6 13.8 1.0 1.4 12.6 10.8
Waskita Karya WSKT 1,945 26,401 -1.8 0.5 8.1 -2.0 5.8 6.5 1.3 1.2 24.8 20.4
MISCELLANEOUS
Astra International ASII 7,250 293,506 -1.4 -5.2 1.8 12.8 15.4 13.2 2.4 2.2 16.6 16.5
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
*Note: Valuation metrics based on Bloomberg consensus estimates
27 Juni, 2019
18
Embun Pagi
Mirae Asset Sekuritas Indonesia
Sector performance Top 10 market cap performance
Name Index Chg (%) Ticker Price Market Cap (IDRbn) Chg (%)
Agricultural 1,444.6 -1.2 ISAT IJ 2710 14,726 15.32
Mining 1,720.5 -0.5
MNCN IJ 1050 14,990 6.6
Basic-Industry 768.4 -0.6 PGAS IJ 2140 51,877 5.9
Miscellaneous Industry 1,260.7 -1.1 PNBN IJ 1255 30,230 4.58
Consumer Goods 2,400.1 -0.2 ERAA IJ 1915 6,109 4.36
Property & Construction 485.8 -0.1
BMTR IJ 384 5,888 4.35
Infrastructure 1,195.2 0.4 BSDE IJ 1515 29,159 3.77
Finance 1,290.9 0.0 PNIN IJ 1400 5,696 3.32
Trade 803.2 0.1 BNLI IJ 805 22,574 3.21
Composite 6,310.5 -0.2 BRPT IJ 3290 58,572 2.81 Source: Bloomberg
Top 5 leading movers Top 5 lagging movers
Name Chg (%) Close Name Chg (%) Close
BBRI IJ 0.7 4,360 BBCA IJ -0.8 29,325
PGAS IJ 5.9 2,140 ASII IJ -1.4 7,250
ISAT IJ 15.3 2,710 UNVR IJ -0.9 44,825
TAMU IJ 8.7 565 TLKM IJ -0.8 3,980
BRPT IJ 2.8 3,290 INKP IJ -4.1 9,300 Source: Bloomberg
Economic Calendar
Time Currency Detail Forecast Previous
6:50am JPY Retail Sales y/y 1.2% 0.4%
8:00am NZD ANZ Business Confidence -32.0
2:00pm EUR Spanish Flash CPI y/y 0.8% 0.8%
All Day EUR German Prelim CPI m/m 0.2% 0.2%
Tentative EUR Italian 10-y Bond Auction 2.60|1.3
7:30pm USD Final GDP q/q 3.1% 3.1%
7:30pm USD Final GDP Price Index q/q 0.8% 0.8%
7:30pm USD Unemployment Claims 220K 216K
9:00pm USD Pending Home Sales m/m 1.1% -1.5%
9:30pm USD Natural Gas Storage 104B 115B
Note: Time is based on Indonesian local time
Source: Forex Factory
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