363.10
MNC 36
-4.72 (+1.32%)
Volume (million share) 15,209
Value (billion Rp) 10,663
Market Cap. 7,181
Average PE 15.1
Average PBV 2.2
Today Trade
DAILY HIGHLIGHT MNC Sekuritas Research Retail Division
Friday, January 11, 2019
Real GDP (YoY) 5.17
Inflation rate (YoY) 3.13
BI 7-days repo rate 6.0
Indonesia Economy
LPS rate 7.00
Last (%) Prev (%)
5.27
3.23
6.0
6.75
JCI +0.90
Dow Jones +0.51
S&P 500 +0.45
Global Indexes
FTSE 100 +0.63
Index d/d (%) YTD (%)
+2.17
+2.89
+3.58
+5.33
Nikkei -1.29 +0.74
Last
6,328.7
24,002
2,596
19,300
20,163
6,328.71
IHSG
+56.48 (+0.90%)
Crude Oil (USD/ barrel)
+0.44
Coal (USD/ton) -0.25
Gold (USD/oz) +0.26
Commodities
Nickel (USD/ton) 0.00
Commodity d/d (%) YTD (%)
+15.81
-4.12
+1.01
5.24
CPO (RM/Mton) -0.47 -0.59
Tin (US/Ton) -0.81 +4.14
Last
52.59
97.85
1,291
11,250
5,930
2,087
FX
Currency d/d (%) YTD (%)
USD/IDR +0.51 +2.34
EUR/USD +0.37 -0.29
GBP/USD +0.33 +0.05
USD/JPY -0.24 +1.15
Last
14,053
1.15
1.27
108.43
Tampaknya, investor portofolio asing terus menunjukkan overconfidence. Hal tersebut tercermin pada Investor portofolio asing terus berlanjut mem-bukukan net buy. Meredanya kekhawatiran terhadap kenaikkan suku bunga terus mendorong penguatan pada bursa saham. Kurang agresifnya kenaikan suku bunga acuan sebagai trigger pendorong saham properti dan turunannya dan menarik untuk menambah pundi-pundi portofolio investor. Dan hari ini, diperkirakan IHSG berpotensi berlanjut menguat dengan support-resistance level: 6281-6341 dan saham-saham yang perlu diperhatikan: SMRA, TKIM, BSDE, BEST, SMGR.
MNCS Update
Bursa saham AS telah menguat dalam 5 hari. Pada perdagangan 10Jan, Dow menguat 0.51% dan S&P500 menguat 0.45%. Investor portofolio terus over-confidence seiring dengan penurunan pada perselisihan dagang dan aktivitas ekonomi AS terus ekspansi. Namun demikian, perlu diwaspadai bahwa banyak perusahaan besar seperti American Airlines Group, Jaguar Land Rover, Ma-cy's,dan BlackRock menurunkan proyeksi profit akibat peningkatan pada risiko ketidakpastian ekonomi secara menyeluruh. Akibatnya, bursa saham Eropa mayoritas terkoreksi, seperti FTSE100 (-0.21%) dan DAX index (-0.33%). Adapun, bursa saham emerging markets Asia ditutup mixed. IHSG ditutup naik 0.90% ke 6328, didorong oleh penguatan pada sektor: consumer (+1.96%); basic industry (+1.79%); dan manufacturing (+1.63%). Investor portofolio as-ing berlanjut mencatatkan net buy IDR 772.01 miliar dan secara YTD akumu-latif net buy IDR 3.23 triliun. Saham-saham yang menjadi leading movers, sep-erti: UNVR, TLKM, BMRI, INKP, dan HMSP.
Global Market
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Grafik 1. JCI VS Cummulative Annual of Net Buy (Sell) Foreign
Page 1
Source: Bloomberg and MNCS
Corporate News
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PT Estika Tata Tiara (BEEF). Perseroan menargetkan laba bersih dapat mencapai hingga Rp 80 miliar di tahun 2019. Sementara laba tahun 2018 dapat mencapai Rp 25 miliar. Hasil dari IPO, produk perseroan yang dikenal dengan merek KIBIF ini mendapatkan dana sekitar Rp 128,13 miliar. Perseroan memperkirakan penjualan menjadi Rp 1,4 triliun pada tahun 2019. Untuk tahun 2018 penjualan diperkirakan mencapai Rp 900 miliar. Pada tahun 2019 perseroan menyiapkan capex sebesar Rp 100 miliar, naik 100% dibandingkan capex tahun 2018 sekitar Rp 50 miliar. PT Logindo Samudramakmur (LEAD). Perseroan menargetkan utilisasi kapal perseroan dapat mencapai 70% pada tahun 2019. Dalam 3 tahun terakhir, perseroan fokus meningkatkan operasional kapal-kapal yang dimiliki. Untuk tahun 2019, perseroan mempersiapkan capex hanya untuk perawatan kapal (docking) yaitu sebesar US$2 juta. PT Pollux Investasi Internasional (POLI). Perseroan memperkirakan marketing sales pada 2019 bisa naik 26,5% YoY menjadi Rp520 miliar. Sementara marketing sales pada tahun 2018 mencapai Rp411 miliar. Recurring income pada ta-hun 2018 sebesar Rp260 miliar dan tahun 2019 akan mencapai Rp300 miliar. Saat ini, net asset value (NAV) perseroan adalah sebesar Rp4,7 triliun. Pada 2019, alokasi belanja modal sekitar Rp200 miliar hingga Rp250 miliar. Belanja modal tersebut akan digunakan untuk Paragon Mall yang telah beroperasi selama 10 tahun. PT Lippo Karawaci Tbk (LPKR). Perseroan akhirnya merealisasikan penjualan aset rumahsakit di Myanmar. Aset ini dijual ke perusahaan investasi Singapura yang masih terafiliasi dengan Grup Lippo, OUE Lippo Healthcare Limited (OUELH) . OUELH telah meneken perjanjian jual beli dengan anak usaha LPKR, PT Waluya Graha Loka untuk mengakuisisi 40% saham di Yoma Siloam Hospital Pun Hlaing Limited (YSHPH) dan 35% saham di Pun Hlaing International Hospital Limited (PHIH). Total nilai transaksi ini mencapai US$ 19,5 juta. (Kontan)
Economic News Jobless claims AS turun. Jobless claims AS turun 17 ribu menjadi 216 ribu pada minggu yang berakhir 5 Januari dari ting-kat revisi 233 ribu minggu sebelumnya dan di bawah ekspektasi pasar 225 ribu. Penurunan terbesar dilaporkan di New Jersey (-8,132); Ohio (-5,639); Michigan (-5,058); Massachusetts (-3,592) dan Iowa (-3,171) sementara peningkatan terbesar terlihat di New York (+26,446); Georgia (+10,420); Texas (+3,657) dan Carolina Selatan (+3,331). (Trading Economics) ECB mewaspadai risiko ekonomi dan ketidakpastian outlook. Pembuat kebijakan ECB sepakat bahwa risiko terhadap prospek Wilayah Eropa masih dapat dinilai secara luas seimbang, tetapi bahwa keseimbangan risiko bergerak ke sisi negatif karena masih adanya ketidakpastian terkait dengan faktor geopolitik, ancaman proteksionisme, kerentanan di pasar negara berkembang. dan volatilitas keuangan, ECB minutes Desember menunjukkan. Para pembuat kebijakan juga menyarankan untuk meninjau kembali kontribusi TLTRO pada sikap kebijakan moneter yang bergerak maju. (Trading Eco-nomics) Banyak perusahaan besar menurunkan proyeksi profit. Perang perdagangan, perlambatan China, pasar saham yang tidak menentu: Prospek semakin suram untuk semakin banyak perusahaan di seluruh dunia. Baru Kamis, lebih dari seten-gah lusin perusahaan raksasa baik menurunkan perkiraan laba mereka, mengumumkan PHK besar-besaran atau menarik rencana dalam menghadapi volatilitas pasar. American Airlines Group Inc., Jaguar Land Rover, Macy's Inc. dan BlackRock Inc. termasuk di antara korban terbesar, bergabung dengan perusahaan-perusahaan seperti Apple Inc. dan FedEx Corp. yang telah memperingatkan baru-baru ini bahwa masa depan tidak terlihat sebagus sebelumnya. hanya beberapa minggu yang lalu. (Bloomberg) LPS menaikkan tingkat bunga penjaminan. LPS menaikkan tingkat bunga penjaminan sebesar 25bps. Masing masing untuk simpanan rupiah dan valas di bank umum, dan simpanan rupiah di BPR. Tingkat bunga ini berlaku selama kuartal I 2019. Kenaikkan tingkat bunga penjaminan menjadi 7% bagi rupiah dan 2,25% bagi valas di bank umum. Sedangkan bun-ga penjaminan untuk bank perkreditan rakyat atau BPR dipatok sebesar 9,5%. (CNBC)
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Support 2 Support 1 Resistance 1 Resistance 2
6,244 6,281 6,341 6,364
Price
6,304
IDX Composite 6,295 - 6,368 SUMMARY: STRONG BUY & ACCUMULATION
RSI (14): BUY STOCH (9,6): BUY MACD(12,26): BUY VO: BUY BANDARMOLOGY: TOP 5 BROKER ACCU-
MULATED PERIODE (10 DAYS): DISTRIBU-TION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
PT Summarecon Agung Tbk. (SMRA)
PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM)
Daily Recommendation
Support 2 Support 1 Resistance 1 Resistance 2
808 855 960 1,018
Price
913
Support 2 Support 1 Resistance 1 Resistance 2
11,633 11,725 12,425 12,761
Price
12,063
JCI
SMRA 890 - 990 TECHNICAL INDICATORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): BUY
MACD(12,26): BUY
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): ACCUMU-LATION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
TKIM 11925 - 12850 TECHNICAL INDICA-TORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): BUY
MACD(12,26): BUY
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): ACCUMU-LATION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
Page 3
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Support 2 Support 1 Resistance 1 Resistance 2
215 220 232 239
Price
227
BEST 222 - 240 TECHNICAL INDICATORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): NEUTRAL
MACD(12,26): BUY
VO: SELL
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): DISTRIBU-T IO N N ET BU Y S EL L A S I N G : PERIODE (10 DAYS): DISTRIBUTION.
PT Bumi Serpong Damai Tbk (BSDE)
BSDE 1410 - 1510 TECHNICAL INDICA-TORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): BUY
MACD(12,26): BUY
VO: OVERBIUGHT
BANDARMOLOGY: TOP 5 BROKER ACCU-MULATED PERIODE (10 DAYS): ACCUMU-LATION NET BUY SELL ASING: PERIODE (10 DAYS): ACCUMULATION
PT Semen Indonesia (Persero) Tbk (SMGR)
SMGR 11500 - 12350 TECHNICAL INDICA-TORS: STRONG BUY
RSI (14): BUY
STOCH (9,6): BUY
MACD(12,26): BUY
VO: BUY
BANDARMOLOGY: TOP 5 BROKER ACC MULATED PERIODE (10 DAYS): DISTRIBU-T IO N N ET BU Y S EL L A S I N G : PERIODE (10 DAYS): ACCUMULATION
Support 2 Support 1 Resistance 1 Resistance 2
1,356 1,403 1,478 1,506
Price
1,431
Support 2 Support 1 Resistance 1 Resistance 2
10,956 11,288 11,938 12,256
Price
11,606
PT Bekasi Fajar Industrial Estate Tbk (BEST)
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MNC36 Stock Metrics
Ticker ROE 5YR
P/E P/BV VWAP TP Support 2 Support 1 Price Resist 1 Reseist 2 Recommendation
FINANCIAL
BBCA 18.80 25.95 4.51 26185 27000 25700 26000 26250 26550 26800 Spec BUY
BBNI 15.17 11.09 1.62 8850 9400 8731 8788 8856 8913 8981 Trading SELL
BBRI 19.07 14.34 2.65 3737 3915 3700 3730 3740 3770 3780 Spec BUY
BBTN 15.10 8.70 1.22 2681 2921 2620 2650 2680 2710 2740 Neutral
BDMN 9.45 23.83 1.96 8195 7300 8113 8175 8213 8275 8313 Spec BUY
BJTM 15.85 8.81 1.29 711 700 693 700 713 720 733 Trading SELL
BMRI 13.39 15.19 2.08 7648 8237.5 7513 7625 7663 7775 7813 Spec BUY
BNGA 8.78 8.18 0.72 1076 1195 1023 1070 1093 1140 1163 Spec BUY
BTPN 8.58 14.35 1.20 3693 4500 3665 3670 3685 3690 3705 Trading SELL
TRADE, SERVICE, AND INVESTMENT
ACES 25.09 31.33 7.80 1747 1675 1671 1713 1736 1778 1801 Spec BUY
MAPI 12.93 25.22 2.81 892 1050 855 865 885 895 915 Trading SELL
SCMA 34.24 19.98 6.23 1913 2200 1825 1900 1925 2000 2025 Spec BUY
UNTR 19.42 9.72 2.03 28196 42450 27663 27975 28163 28475 28663 Spec BUY
PROPERTY AND REAL ESTATE
PWON 20.26 14.14 2.67 661 695 644 648 659 663 674 Trading SELL
WSKT 34.25 5.12 1.54 1997 2135 1926 1953 1991 2018 2056 Trading SELL
CONSUMER
GGRM 19.39 19.57 3.69 81557 94425 80131 81463 81906 83238 83681 Spec BUY
ICBP 20.87 27.92 5.67 10147 10200 9944 10038 10169 10263 10394 Trading SELL
KAEF 13.89 39.64 5.46 2606 2600 2510 2530 2590 2610 2670 Trading SELL
KLBF 18.86 30.88 5.38 1593 1400 1531 1573 1586 1628 1641 Spec BUY
MYOR 24.38 33.52 7.67 2644 2800 2610 2630 2650 2670 2690 Neutral
SIDO 20.27 19.97 4.28 848 980 838 845 848 855 858 Spec BUY
UNVR 121.48 40.62 41.11 47153 43750 45763 47300 47813 49350 49863 Spec BUY
MISCELLANEOUS INDUSTRY
ASII 16.18 15.25 2.51 8092 9120 7888 8075 8138 8325 8388 Spec BUY
AGRICULTURE
SSMS 19.17 22.10 2.66 1208 1300 1188 1195 1208 1215 1228 Trading SELL
BASIC INDUSTRY
INKP 15.88 7.60 1.32 12210 15062.5 11450 12125 12350 13025 13250 Spec BUY
JPFA 15.43 13.95 2.84 2220 2775 2150 2170 2210 2230 2270 Trading SELL
SMGR 7.86 26.80 2.35 11611 12400 11113 11600 11763 12250 12413 Spec BUY
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Ticker ROE 5YR
P/E P/BV VWAP TP Support 2 Support 1 Price Resist 1 Reseist 2 Recommendation
INFRASTRUCTURE
INDY 36.80 1.98 0.72 1979 2150 1911 1933 1976 1998 2041 Trading SELL
JSMR 15.56 17.26 2.21 4909 5437.5 4785 4860 4905 4980 5025 Spec BUY
PGAS 5.86 14.95 1.19 2302 2340 2210 2250 2290 2330 2370 Neutral
TLKM 23.13 20.40 4.16 3766 4350 3725 3770 3785 3830 3845 Spec BUY
COMPANY GROUP
BHIT -1.32 N/A 0.25 66 415 61 63 66 68 71 --
BMTR 4.00 11.19 0.50 314 700 289 310 317 338 345 --
MNCN 14.20 7.80 1.00 765 1060 739 748 764 773 789 --
BABP -29.54 N/A 0.79 50 -- 49 50 50 51 51 --
BCAP -4.39 N/A 1.15 149 321 148 149 149 150 150 --
IATA -18.83 N/A 0.92 50 -- 50 50 50 50 50 --
KPIG 10.70 7.71 0.81 132 -- 132 133 134 135 136 --
MSKY -16.21 N/A 3.81 828 700 765 800 815 850 865 --
MINING
ADRO 13.75 7.53 0.87 1398 2260 1354 1383 1399 1428 1444 Spec BUY
ANTM 2.46 17.27 0.99 794 1117 760 775 790 805 820 Neutral
ITMG 27.42 6.19 1.70 21997 30175 21350 21650 22050 22350 22750 Trading SELL
PTBA 38.75 7.82 3.08 4309 5000 4193 4235 4303 4345 4413 Trading SELL
Source: Bloomberg and MNCS
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TOP TRADING VOLUME
Code (Mill Sh) %
SRIL 1,944 13.8
MABA 1,741 12.3
MYRX 1,678 11.9
BUMI 644 4.6
BRMS 638 4.5
TOP TRADING VALUE
Code (Bill.Rp) %
ASII 751 8.3
BBCA 717 7.9
BBRI 679 7.5
BMRI 653 7.2
SRIL 652 7.2
TOP LOSERS
Code Chg %
RELI -102 -24.9
JECC -1,015 -19.1
KPAS -42 -14
ISAT -305 -13.6
SAPX -90 -12.6
TOP GAINERS
Code Chg %
POLI +815 +49.8
FINN +17 +34
MTSM +50 +29.4
LEAD +13 +26
FOOD +70 +24.6
Trading Summary
Economic Calender
Date Country Event Actual Previous Consensus
01/11 Japan Household Spending MoM NOV 1.8% 0.2%
Japan Current Account NOV ¥1309.9B ¥567.6B
Indonesia Motorbike Sales YoY DEC 8.6%
Indonesia Loan Growth YoY Dec 12.05%
Indonesia Car Sales YoY DEC 4.2%
US Inflation Rate MOM DEC 0% -0.1%
IPO Schedule
Company Code IPO Price (IDR)
Issued Share (Mn)
Offering Start-End Listing
PT Sentra Food Indonesia Tbk FOOD 135 150 (23.07%) 02/01/2019 08/01/2019
PT Estika Tata Tiara Tbk BEEF 340 376.9 (20% 02/01/2019-04/01/2019 10/01/2019
PT Pollux Investasi Internasional Tbk POLI 1,635 402.1 02/01/2019-03/01/2019 10/01/2019
Dividend Schedule
Company Code Price Cum Date Ex Date Recording Date
PT Golden Energy Mines Tbk GEMS USD 0.00255 28/12/2018 02/01/2019 03/01/2019
PT Adaro Energy Tbk ADRO USD 0.00235 27/12/2018 28/12/2018 02/01/2019
PT Jasuindo Tiga Perkasa Tbk JTPE IDR 15 18/12/2018 19/12/2018 20/12/2018
Payment Date
10/01/2019
15/01/2019
08/01/2019
Right Issue Schedule
Company Code Price Ratio Ex Date Recording Date
Subscription Date
PT Indomobil Multi Jasa IMJS 700 3 : 20 02/01/2019 03/01/2019 15/01/2019
PT Asia Pacifiic Investama MYTX 100 19 : 4 26/12/2018 27/12/2018 08/01/2019
Cum Date
28/12/2018
21/12/2018
Source: Trading Economics
Source: RTI
Source: RTI
Source: RTI
Source: IDX
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MNC SEKURITAS RESEARCH TEAM
PT MNC Sekuritas MNC Financial Center Lt. 14 – 16
Jl. Kebon Sirih No. 21 - 27, Jakarta Pusat 10340 Telp : (021) 2980 3111 Fax : (021) 3983 6899
Disclaimer This research report has been issued by PT MNC Sekuritas. It may not be reproduced or further distributed or published, in whole or in part, for any purpose. PT MNC Sekuritas has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; PT MNC Sekuritas makes no guarantee, representation or warranty and accepts no responsibility to liability as to its accuracy or completeness. Expression of opinion herein are those of the research department only and are subject to change without notice. This document is not and should not be construed as an offer or the solicitation of an offer to purchase or subscribe or sell any investment. PT MNC Sekuritas and its affiliates and/or their offices, directors and employees may own or have positions in any investment mentioned herein or any investment related thereto and may from time to time add to or dispose of any such investment. PT MNC Sekuritas and its affiliates may act as market maker or have assumed an underwriting position in the securities of companies discusses herein (or investment related thereto) and may sell them to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies.
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