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OSO Breakfast 22 Juni 2020

ODAY TOP STOCK TRADED (LQ45)

+++++

JAKARTA COMPOSITE INDEX

4.942,28 17,03

0.35%

Previous 4.925,25 Lowest

4.927,38 Highest 4.970,07 Val IDR bn

7,521

Volbn 6,769 Mkt Cap IDRtr

5.716,66 Net Forg 1DIDRbn (653,46) Net ForgYTDIDRbn

(11.383,17)

Return YTD (%) (21,55) Month to date (%)

3,97

Indices

Last Chg% YTD% Americas

Dow Jones United States 25.871,46 (0,80) (9,35) S&P 500 United States 3.097,74 (0,56) (4,12) Nasdaq United States 9.946,12 0,03 10,85 EIDO United States 18,54 (0,43) (27,75) EMEA

FTSE 100 United Kingdom 6.292,60 1,10 (16,57)

CAC 40 France 4.979,45 0,42 (16,70) D DAX Germany 12.330,76 0,40 (6,93)

Asia Pacific

Nikkei Japan 22.355,46 0,55 (4,98) Shanghai China 2.939,32 0,96 (2,70) TWSE Taiwan 11.548,33 0,01 (3,73) KOSPI Korea 2.133,48 0,37 (2,56) KLSE Malaysia 1.504,91 0,16 (5,13) ST – Times Singapore 2.665,66 (1,16) (18,24) Sensex India 34.208,05 1,53 (15,81) Hangseng Hongkong 24.464,94 0,73 (12,58)

Sectoral Previous Last Chg% YTD% AGRICULTURE 1.041,02 1.034,15 (0,66) (32,16) MINING 1.280,00 1.268,10 (0,93) (18,11) MISC INDUSTRY 873,74 885,04 1,29 (27,68) BASIC INDUSTRY 717,60 729,20 1,62 (25,45) CONSUMER GOODS 1.816,51 1.827,41 0,60 (10,97) PROPERTY 337,92 334,77 (0,93) (33,56) INFRASTRUKTUR 923,06 922,41 (0,07) (18,91) FINANCE 1.037,49 1.041,19 0,36 (23,14) MANUFAKTURE 1.179,12 1.190,99 1,01 (18,47) TRADE 606,56 606,99 0,07 (21,15) LQ 45 761,98 767,44 0,72 (24,35)

Commodities Previous Lastest Chg% YTD%

Oil (USD/bbl) 38,84 39,75 2,34 (34,77) Gold (USD tr.oz) 1.722,93 1.743,87 1,22 15,29 Nickel (USD/mtrc ton) 12.894,00 12.769,00 (0,97) (8,96) Tin (USD/mtrc ton) 16.885,00 16.885,00 - (1,69) Copper (USD/mtrc ton) 5.805,00 5.849,50 0,77 (5,26) CPO (MYR/ton) 2.454,00 2.538,00 3,42 (16,54) Coal (USD/ton) 54,05 54,05 - (20,22)

Currencies

Last Chg% YTD% IDR / USD

14.100,00 (0,12) (1,66)

IDR / AUD

9.678,52 0,45 0,41 IDR / EUR

15.815,05 0,26 (1,65)

IDR /SGD

10.131,00 (0,07) 1,75 IDR / JPY

132,49 (0,88) (3,60)

IDR / GBP

17.503,60 1,04 4,11 Global Macro Economics

CB Rate CPI YoY GDP YoY

United States 0,25 0,30 0,20 Euro Area 0,00 0,30 -3,20 United Kingdom 0,10 0,80 -1,60 Japan 0,10 0,10 -2,00 China 4,35 3,30 -6,80 Domestic macro Economics Latest Chg% YTD% Jibor 5,90 0,32 51,34 GovBonds (5y) 6,68 (0,40) 3,84 GovBonds (10y) 7,18 0,11 1,71

Inflasi YoY 2,19

Inflasi MoM 0,07 Bi rate 4,25 GDP Growth YoY (%) 2,97

Foreign Reserve (Bn) 130,50 Government Bonds Yield% Wow% Ytd% 7 Year 7,18 7,04 7,04 15 Year 7,66 7,66 7,66 20 Year 7,69 7,69 7,69 30 Year 7,76 7,76 7,76

Source: Bloomberg LP & OSO Research Team

Market Review IHSG berhasil menguat sebesar 0,35% ke level 4,942 pada akhir pekan kemarin (19/06). Penguatan tersebut terjadi ditengah munculnya kasus baru penderita covid-19 yang kembali naik dalam sepekan di beberapa negara. Sementara itu pelaku pasar asing masih terus melakukan penjualan di IHSG senilai Rp 653 miliar. Sedangkan dari indeks sektoral, enam sektor mencatatkan penguatan yang dipimpin sektor industri dasar yang naik sebesar 1,62%. Adapun pada awal pekan ini pergerakan indeks diperkirakan masih akan tertekan oleh aksi jual bersih (netsell) asing lanjutan serta minimnya sentimen positif dari dalam negeri. Global Review Pada perdagangan Jum'at (19/06) bursa saham Wall Street ditutup variatif, dimana Dow Jones dan S&P 500 turun sebesar 0,80% dan 0,56%, sedangkan nasdaq hanya naik tipis sebesar 0,03%. Pergerakan masih terbebani oleh kekhawatiran pasar terhadap lonjakan kasus baru penyebaran covid-19 di beberapa negara bagian AS selama sepekan terakhir, hal tersebut ditambah dengan pengumuman dari Apple Inc yang berencana akan menutup sementara toko di Florida, Arizona, Sout Carolina dan North Carolina akibat lonjakan kasus baru tersebut Sementara itu berita yang menyebut bahwa gedung putih akan menyetujui dua vaksin Covid-19 sebelum pemilu di bulan November nampaknya belum mampu menopang pergerakan indeks pada akhir pekan kemarin. JCI Prediction IHSG ditutup menguat sebesar 0,35% ke level 4.942. IHSG ditutup bullish candle. Adapun indikator Stochastic di rasio 74% fkat dan MACD histograsm bergerak turun dengan Volume turun. Kami perkirakan IHSG bergerak melemah dengan pergerakan di kisaran 4.851 – 4.993. Calendar Economic Realese

Current Account United States pada kuartal

I 2020 tercatat defisit senilai US$ 104,2

miliar.



TOP STOCK TRADED (LQ45)

Top Gainers

Last Chg% YTD% MC (T) Beta

PTBA IJ Equity

2.280 7,37 (14,29) 26,27 1,22

INTP IJ Equity

12.250 5,15 (35,61) 45,10 1,43

INKP IJ Equity

5.800 3,57 (24,68) 31,73 2,34

KLBF IJ Equity

1.460 3,55 (9,88) 68,44 1,09

GGRM IJ Equity

49.000 3,05 (7,55) 94,28 0,89

Top Losers


ITMG IJ Equity

7.225 (6,77) (37,04) 8,16 1,24

SRIL IJ Equity

197 (4,37) (24,23) 4,03 1,45

WIKA IJ Equity

1.265 (3,44) (36,43) 11,35 2,08

PTPP IJ Equity

860 (2,82) (45,74) 5,33 2,07

PGAS IJ Equity

1.080 (2,70) (50,23) 26,18 1,97

Top Volume

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

TLKM IJ Equity

3.280 227,4 (17,4) 324,92 1,02

BBRI IJ Equity

3.100 167,0 (29,5) 382,37 1,47

BBTN IJ Equity

1.115 150,1 (47,4) 11,81 1,77

PGAS IJ Equity

1.080 131,0 (50,2) 26,18 1,97

TOWR IJ Equity

1.030 115,9 28,0 52,55 0,88

Top Value

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

TLKM IJ Equity

3.280 772,7 (17,4) 324,92 1,02

PTBA IJ Equity

2.280 492,9 (14,3) 26,27 1,22

BBRI IJ Equity

3.100 405,9 (29,5) 382,37 1,47

BBCA IJ Equity

27.875 379,3 (16,6) 687,26 1,18

BMRI IJ Equity

4.880 371,3 (36,4) 227,73 1,56

Top Gainers


BENCHMARK INDICES COMPARISON Indices

Country Latest P/E PBV Target 2020F

Asia Pacific IHSG

Indonesia 4.942 15,78 1,66 4.903

Nikkei

Japanese 22.479 26,41 1,75 23.948

Shanghai

China 2.968 15,20 1,41 3.307

TWSE

Taiwan 11.550 19,61 1,77 11.786

KOSPI

Korea 2.141 25,12 0,85 2.512

KLSE

Malaysia 1.507 18,75 1,52 1.576

ST - Times

Singapore 2.635 10,44 0,89 2.934

Sensex

India 34.732 22,38 2,63 37.663

Hangseng

Hongkong 24.644 10,73 0,99 29.154

JAKARTA COMPOSITE INDEX MOVERS

Movers

Latest Chg% YTD% MC (T) Beta

TLKM IJ Equity

3280 2,18 (17,38) 325 1,01

FREN IJ Equity

96 6,00 (30,43) 21 2,07

LIFE IJ Equity

6100 8,93 - 13 0,20

ISAT IJ Equity

2250 6,38 (22,68) 12 1,56

PNBN IJ Equity

720 (4,64) (46,07) 17 1,38

Laggard


BBCA IJ Equity

27925 (2,36) (16,45) 688 1,18

UNVR IJ Equity

8050 (2,72) (4,17) 316 0,83

BRPT IJ Equity

1130 (6,61) (25,17) 101 1,79

ASII IJ Equity

4800 (3,42) (30,69) 192 1,46

CPIN IJ Equity

5550 (6,72) (14,62) 91 1,71

Movers


OSO MANAJEMEN INVESTASI

Mutual Fund

Latest 1 Month (%) YTD% Oso Sustainability Fund

1.076,95 12,72 (22,03)

Oso Syariah Equity Fund

244,12 (18,31) (56,85)

Source: Bloomberg LP & OSO Research Team



COMPARATION OF JCI PERFORMANCE (SEAG)


OSODaily 05 April 2019


MACRO ECONOMIC & INDUSTRY NEWS

Pemerintah menyebutkan masa pandemi Covid-19 menyebabkan daya beli masyarakat mulai menurun, terutama konsumsi rumah tangga mengalami penurunan yang cukup drastis. Bahkan, hal ini diperkirakan akan membuat tingkat konsumsi rumah tangga pada kuartal II-2020 mengalami pelemahan lebih lanjut di kisaran 0%.

Sentimen bisnis di antara para manufaktur besar di Jepang merosot lebih dalam dibandingkan krisis keuangan global pada 2009. Pandemi yang bikin permintaan global anjlok, serta mengurangi produksi jadi alasannya. indeks Tankan untuk manufaktur besar telah mencapai -31 dalam tiga bulan hingga Juni, turun tajam -8 pada survei kuartal pertama.

Harga minyak sudah mencapai level tertinggi sejak 6 Maret 2020. Tentu, kenaikan harga minyak menjadi kemenangan bagi negara-negara produsen di tengah kekhawatiran penurunan permintaan akibat pandemi Covid-19. Strategi untuk mengurangi produksi terbukti menuai hasil seperti yang diharapkan.

CORPORATES NEWS

PT Indo Acidatama Tbk mencatatkan kinerja prima di kuartal I-2020. Sepanjang Januari hingga Maret 2020, SRSN membukukan penjualan sebesar Rp 215,78 miliar. Realisasi ini naik 23,19% dibanding penjualan periode sama tahun lalu yang sebesar Rp 175,14 miliar. Kenaikan penjualan didorong oleh pertumbuhan penjualan di masing-masing segmen.

Kinerja PT Supreme Cable Manufacturing & Commerce Tbk (SCCO) di kuartal I-2020 cukup menggembirakan. Berdasarkan laporan keuangan perusahaan, pendapatan SCCO di tiga bulan pertama 2020 capai Rp 1,39 triliun. Realisasi tersebut naik tipis 1,25% dibanding pendapatan pada periode sama tahun sebelumnya yang tercatat sebesar Rp 1,37 triliun.

PT Garudafood Putra Putri Jaya Tbk berhasil catatkan kinerja positif di kuartal I-2020. Berdasarkan laporan keuangan perusahaan, laba bersih Garudafood tumbuh 15,37% menjadi Rp 140,47 miliar di kuartal pertama 2020. Di kuartal I-2019 lalu, laba bersih GOOD masih Rp 121,75 miliar.

PT Telekomunikasi Indonesia Tbk (TLKM) menjadi emiten Badan Usaha Milik Negara (BUMN) terakhir yang membagikan dividen. Perseroan akan menebar total Rp 15,26 triliun dividen dari laba tahun buku 2019.

PT Mitra Pinasthika Mustika Tbk (MPMX) melaporkan dua aksi korporasi sekaligus yang dilakukan oleh emiten otomotif ini. Mitra Pinastika Mustika MPMX membeli saham sebanyak 6.738 saham dari seluruh modal yang ditempatkan dan disetor di PT Asuransi Mitra Pelindung Mustika (PT AMPM). Ini setara 6, 13% saham Asuransi Mitra Pelindung atau AMPM.

PT Tiphone Mobile Indonesia Tbk (TELE) menunda pembayaran pokok dan bunga kepada pemegang obligasi dari Obligasi Tiphone Tahap III Tahun 2017 seri B. Direktur KSEI Syafruddin menyampaikan dana pokok dan bunga ke-12 OBLIGASI BKLJT I TIPHONE THP III TAHUN 2017 SERI B belum efektif di rekening KSEI sesuai waktu yang telah ditentukan.

PT Japfa Comfeed Indonesia Tbk. akan membagikan dividen Rp20 per saham untuk kinerja tahun buku 2019.

Keputusan itu dihasilkan dalam rapat umum pemegang saham tahunan (RUPST).

Sumber: Kontan, Bisnis Indonesia, Iqplus

NOTE: Positive Sentiment Negative Sentiment Netral

https://pusatdata.kontan.co.id/quote/SRSN

https://pusatdata.kontan.co.id/quote/SRSN

https://pusatdata.kontan.co.id/quote/SCCO

https://pusatdata.kontan.co.id/quote/GOOD

https://pusatdata.kontan.co.id/quote/TLKM

https://pusatdata.kontan.co.id/quote/MPMX

https://pusatdata.kontan.co.id/quote/MPMX

https://search.bisnis.com/?q=dividen




Technical

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

Recommendation : Trading Buy Entry Buy : 226 – 234 Target Price : 240 – 244 Support : 224 – 226 Cutloss : 222

DAILY TECHNICAL

BUY ELSA l PE : 5 l PBV : 0,5 l ROE : 9,50 l NPM : 4,3 l DER : 32 l Fair Value : 280

Harga minyak WTI untuk kontrak Juli 2020 memang naik 2,34 persen ke posisi US$39,75 per barel di Bursa New York. Sementara itu, minyak jenis Brent naik 1,64 persen ke level US$42,129 per barel di Bursa ICE London. Kesepakatan pemangkasan produksi dari negara anggota OPEC memberi sentiment positif untuk harga minyak. Tapi yang perlu diwaspadai terkait gelombang kedua kasus korona yang bisa menjadi penekan harga minyak.

Souce: OSO Research Team

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 240. Apabila break 240 next harga ke level 244. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 222 jika sudah melewati support 224 – 226.

NOTE:




Technical

Medium/Minor trend : Sideways MACD line/histogram : Bullish Stochastic : Bullish Volume : Meningkat

Recommendation : Trading Buy Entry Buy : 6.450 – 6.575 Target Price : 6.725 – 6.800 Support : 6.425 – 6.450 Cutloss : 6.400

DAILY TECHNICAL

BUY INDF l PE : 12 l PBV : 1,5 l ROE : 13,24 l NPM : 6,4 l DER : 42 l Fair Value : 7.790

Pemerintah Dalam Hal In Ikementerian Perdagangan (Kemendag) Terus Berupaya Mendorong Ekspor Nasional Di Tengah Pandemi Covid-19. Menurut Menteri Perdagangan Agus Suparmanto, kondisi pandemi Covid-19 tetap mampu memberikan celah-celah peningkatkan pangsa ekspor produk-produk tertentu, salah satunya makanan olahan. Ekspor makanan olahan sangat berpotensi meningkat di masa pandemi, mengingat makanan olahan menjadi salah satu kebutuhan utama selama karantina akibat pandemi dan juga saat memasuki era normal baru.


Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 6.725. Apabila break 6.725 next harga ke level 6.800. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 6.400 jika sudah melewati support 6.425 – 6.450.

NOTE:




Technical

Medium/Minor trend : Sideways MACD line/histogram : Positif Stochastic : Bullish Volume : Meningkat

Recommendation : Trading Buy Entry Buy : 5.700 – 5.800 Target Price : 5.925 – 6.000 Support : 5.650 – 5.700 Cutloss : 5.625

DAILY TECHNICAL

PT Indah Kiat Pulp & Paper Tbk (INKP) akan menerbitkan obligasi dengan nilai pokok Rp1,39 triliun dalam 3 seri, melalui program Obligasi Berkelanjutan I INKP Tahap I Tahun 2020. Obligasi tersebut telah didaftarkan di Kustodian Sentral Efek Indonesia (KSEI). Obligasi seri A ditawarkan dengan nilai pokok Rp495,5 miliar dengan bunga tetap 9% per tahun dan tenor 1 tahun, Seri B ditawarkan sebesar Rp883,48 miliar dengan bunga tetap 10,25% per tahun dan tenor 3 tahun, serta Seri C Rp12,1 miliar dengan bunga 11% per tahun dan tenor 5 tahun.

Harga ditutup bullish candle dan menguji resistance. Harga berpeluang kembali menguji level 5.925. Apabila break 5.925 next harga ke level 6.000. Hati-hati jika harga tidak mampu break up atau menembus area support. Batasi resiko dengan tetap memperhatikan support. Cutloss di 5.625 jika sudah melewati support 5.650 – 5.700.

INKP l PE : 8 l PBV : 0,6 l ROE : 7,06 l NPM : 8,5 l DER : 96 l Fair Value :


BUY

NOTE:




Sector Rotation

Mingguan

Bulanan



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 1.160 2,65 (23,18) 6,27 194,82 18,06 0,52 3,11 92,01 753 -35% Sell

CPIN IJ Equity 5.675 2,25 (12,69) 4,23 24,87 15,45 12,63 17,76 23,96 4.312 -24% Sell

INKP IJ Equity 5.800 3,57 (24,68) 0,56 8,15 2,59 3,18 7,06 95,94 11.300 95% Buy

INTP IJ Equity 12.250 5,15 (35,61) 1,95 24,57 14,44 6,61 7,93 0,48 15.200 24% Buy

JPFA IJ Equity 1.275 0,39 (16,94) 1,38 8,33 3,55 6,93 17,39 75,31 1.306 2% Hold

SMGR IJ Equity 9.500 1,88 (20,83) 1,71 21,94 6,27 3,27 8,00 82,74 11.418 20% Buy

TKIM IJ Equity 4.940 (0,80) (51,92) 0,78 6,51 9,34 5,53 12,71 102,26 13.000 163% Buy

Industry Average in LQ45 2,41 41,31 9,96 5,52 10,56 67,53

Total of Industry Average 2,38 29,51 9,01 0,74 (5,17) 713,93

SECTOR CONSUMER GOODS

ACES IJ Equity 1.500 0,67 0,33 5,43 24,87 17,82 18,33 23,01 - 1.427 -5% Sell

GGRM IJ Equity 49.000 3,05 (7,55) 1,77 8,59 5,33 15,40 21,76 34,19 55.879 14% Buy

HMSP IJ Equity 1.730 (1,14) (17,62) 5,15 14,57 10,85 22,95 35,40 1,17 1.881 9% Buy

ICBP IJ Equity 8.925 2,00 (19,96) 3,81 18,31 11,60 14,48 22,56 8,81 10.325 16% Buy

INDF IJ Equity 6.575 1,54 (17,03) 1,45 11,63 4,28 4,94 13,24 42,38 7.790 18% Buy

KLBF IJ Equity 1.460 3,55 (9,88) 4,16 26,52 17,54 12,50 16,31 4,89 1.529 5% Hold

UNVR IJ Equity 8.050 - (4,17) 42,54 40,87 27,08 34,45 92,21 75,07 8.686 8% Hold



SECTOR INFRASTRUCTURE

EXCL IJ Equity 2.790 1,45 (11,43) 1,45 130,48 2,31 3,38 11,14 140,83 3.390 22% Buy

JSMR IJ Equity 4.130 (0,96) (20,19) 1,54 13,56 4,28 2,36 11,97 185,14 4.889 18% Buy

PGAS IJ Equity 1.080 (2,70) (50,23) 0,71 36,71 1,82 0,65 1,92 85,04 1.044 -3% Sell

TBIG IJ Equity 1.140 (2,56) (7,32) 5,53 28,66 5,81 2,63 20,68 415,69 1.214 6% Hold

TLKM IJ Equity 3.280 - (17,38) 3,26 17,41 4,95 8,73 18,81 44,42 4.065 24% Buy

TOWR IJ Equity 1.030 (0,48) 27,95 5,55 21,76 10,30 8,42 26,91 173,14 1.025 0% Sell


Total of Industry Average 1,95 30,06 12,05 (1,91) 1,48 73,15

Source: Bloomber LP




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 1.040 0,97 (33,12) 0,63 6,11 2,61 5,50 10,24 48,89 1.174 13% Buy

AKRA IJ Equity 2.590 1,97 (34,43) 1,20 14,00 6,78 3,65 8,65 45,79 3.269 26% Buy

ANTM IJ Equity 610 (1,61) (27,38) 0,81 75,65 7,10 0,62 1,06 47,19 691 13% Buy

INCO IJ Equity 2.890 (1,03) (20,60) 1,03 19,02 7,62 4,91 5,56 0,06 3.076 6% Hold

ITMG IJ Equity 7.225 (6,77) (37,04) 0,64 5,32 2,53 7,76 12,17 1,20 8.738 21% Buy

PTBA IJ Equity 2.280 7,37 (14,29) 1,29 6,60 4,54 14,55 20,64 3,42 2.281 0% Hold



SECTOR MISC INDUSTRY

ASII IJ Equity 4.890 1,88 (29,39) 1,28 9,29 5,09 5,89 14,37 49,42 5.063 4% Hold

SRIL IJ Equity 197 (4,37) (24,23) 0,46 3,22 1,30 5,89 15,05 144,29 Neutral #VALUE! #VALUE!



SECTOR PROPERTY

BSDE IJ Equity 800 (1,84) (36,25) 0,55 6,24 5,63 4,32 8,91 39,96 1.066 33% Buy

CTRA IJ Equity 715 (2,05) (31,25) 0,90 12,50 5,64 2,91 7,16 51,66 841 18% Buy

PTPP IJ Equity 860 (2,82) (45,74) 0,49 6,95 2,58 1,43 6,47 105,74 1.072 25% Buy

PWON IJ Equity 446 (2,62) (21,75) 1,43 7,90 6,03 10,64 19,73 26,51 539 21% Buy

WIKA IJ Equity 1.265 (3,44) (36,43) 0,79 5,41 4,01 3,52 14,28 78,48 1.514 20% Buy

WSKT IJ Equity 745 (1,97) (49,83) 0,57 10,78 2,13 0,76 5,23 237,92 796 7% Hold


Total of Industry Average 1,90 30,01 15,89 2,67 5,92 43,04

Source: Bloomber LP




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 1.275 (1,16) (28,97) 0,82 11,63 4,15 3,15 7,24 54,32 1.200 -6% Sell

LPPF IJ Equity 1.600 (1,23) (62,00) 2,44 3,29 2,10 27,70 76,74 - 1.664 4% Hold

MNCN IJ Equity 940 (1,05) (42,33) 0,99 5,83 3,09 11,49 18,26 35,71 1.148 22% Buy

SCMA IJ Equity 1.005 - (28,72) 2,84 16,37 9,82 14,28 19,39 0,21 1.006 0% Hold

UNTR IJ Equity 17.850 1,13 (17,07) 1,06 6,60 2,79 8,70 16,90 22,89 19.730 11% 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 27.875 (0,18) (16,60) 4,00 23,63 86,78 1,30 6,48 6,38 29.305 5% Hold

BBRI IJ Equity 3.100 1,64 (29,55) 2,14 11,04 89,64 2,80 7,01 66,52 3.175 2% Hold

BBNI IJ Equity 4.480 (0,44) (42,93) 0,77 5,37 93,76 2,30 5,03 59,54 4.894 9% Buy

BBTN IJ Equity 1.115 (1,76) (47,41) 0,72 #N/A N/A 113,51 4,78 3,24 225,31 1.294 16% Buy

BMRI IJ Equity 4.880 1,24 (36,42) 1,31 8,09 100,37 2,33 5,56 50,07 5.862 20% Buy

BTPS IJ Equity 3.270 0,62 (23,06) 4,67 18,00 479,42 1,37 39,48 140,00 3.000 -8% Sell


Total of Industry Average 2,50 37,04 112,16 3,84 7,00 79,96

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

ACES IJ Equity 1.500 0,3 Negatif Trading Negatif 1.325 1.470 1.615 1.500 1.485 1.475 1.510 1.525 1.450 Sell

ADRO IJ Equity 1.040 (33,1) Positif Trading Negatif 955 1.075 1.190 1.045 1.030 1.020 1.055 1.070 1.005 Hold

AKRA IJ Equity 2.590 (34,4) Negatif Trading Positif 2.220 2.440 2.655 2.605 2.540 2.495 2.650 2.715 2.460 Hold

ANTM IJ Equity 610 (27,4) Negatif Trading Positif 497 575 650 620 605 595 630 645 585 Hold

ASII IJ Equity 4.890 (29,4) Negatif OverBought Negatif 4.080 4.700 5.325 4.860 4.805 4.750 4.915 4.970 4.675 Strong Sell

BBCA IJ Equity 27.875 (16,6) Positif Trading Negatif 23.725 27.375 31.025 27.975 27.675 27.450 28.200 28.500 27.025 Hold

BBNI IJ Equity 4.480 (42,9) Negatif Trading Positif 3.350 4.180 5.000 4.515 4.455 4.395 4.575 4.635 4.325 Hold

BBRI IJ Equity 3.100 (29,5) Negatif Trading Positif 2.440 2.950 3.455 3.090 3.065 3.040 3.115 3.140 2.990 Hold

BBTN IJ Equity 1.115 (47,4) Positif Trading Positif 680 990 1.300 1.125 1.110 1.085 1.150 1.165 1.070 Speculative Buy

BMRI IJ Equity 4.880 (36,4) Positif Trading Positif 3.895 4.665 5.425 4.885 4.815 4.755 4.945 5.025 4.680 Speculative Buy

BRPT IJ Equity 1.160 (23,2) Positif Trading Negatif 1.120 1.250 1.375 1.165 1.140 1.120 1.185 1.210 1.105 Hold

BSDE IJ Equity 800 (36,3) Negatif Trading Positif 590 740 895 805 790 780 815 830 770 Hold

BTPS IJ Equity 3.270 (23,1) Negatif OverBought Positif 2.335 2.980 3.620 3.270 3.205 3.170 3.305 3.370 3.120 Sell

CPIN IJ Equity 5.675 (12,7) Positif Trading Negatif 4.795 5.575 6.350 5.700 5.625 5.550 5.775 5.850 5.475 Hold

CTRA IJ Equity 715 (31,3) Negatif OverBought Positif 475 645 815 725 715 700 740 750 690 Sell

ERAA IJ Equity 1.275 (29,0) Negatif Trading Negatif 1.150 1.265 1.375 1.290 1.275 1.260 1.305 1.320 1.240 Sell

EXCL IJ Equity 2.790 (11,4) Negatif OverBought Positif 2.400 2.600 2.805 2.760 2.715 2.670 2.805 2.850 2.625 Sell

GGRM IJ Equity 49.000 (7,5) Negatif Trading Negatif 46.700 48.050 49.400 48.400 47.800 47.000 49.200 49.800 46.300 Sell

HMSP IJ Equity 1.730 (17,6) Positif Trading Negatif 1.655 1.805 1.955 1.745 1.725 1.690 1.780 1.800 1.665 Hold

ICBP IJ Equity 8.925 (20,0) Negatif Trading Positif 7.950 8.750 9.550 8.800 8.700 8.550 8.950 9.050 8.425 Hold

INCO IJ Equity 2.890 (20,6) Negatif Trading Negatif 2.750 2.915 3.080 2.905 2.845 2.825 2.925 2.985 2.780 Sell

INDF IJ Equity 6.575 (17,0) Negatif Trading Positif 5.600 6.200 6.775 6.525 6.475 6.400 6.600 6.650 6.300 Hold

INKP IJ Equity 5.800 (24,7) Negatif Trading Negatif 4.805 5.500 6.200 5.725 5.625 5.525 5.825 5.925 5.425 Sell

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 12.250 (35,6) Positif Trading Negatif 10.600 12.200 13.775 12.125 11.900 11.650 12.375 12.600 11.475 Hold

ITMG IJ Equity 7.225 (37,0) Positif Oversold Negatif 7.175 8.100 9.025 7.525 7.225 6.950 7.800 8.100 6.825 Speculative Buy

JPFA IJ Equity 1.275 (16,9) Negatif OverBought Positif 805 1.115 1.420 1.285 1.265 1.250 1.300 1.320 1.230 Sell

JSMR IJ Equity 4.130 (20,2) Negatif OverBought Positif 3.585 3.925 4.260 4.160 4.120 4.080 4.200 4.240 4.020 Sell

KLBF IJ Equity 1.460 (9,9) Negatif Trading Negatif 1.320 1.400 1.480 1.435 1.415 1.375 1.475 1.495 1.355 Sell

LPPF IJ Equity 1.600 (62,0) Negatif Trading Positif 1.335 1.530 1.725 1.620 1.585 1.570 1.635 1.670 1.545 Hold

MNCN IJ Equity 940 (42,3) Positif Trading Positif 835 935 1.035 950 940 920 970 980 905 Speculative Buy

PGAS IJ Equity 1.080 (50,2) Negatif OverBought Positif 790 990 1.190 1.100 1.070 1.055 1.115 1.145 1.035 Sell

PTBA IJ Equity 2.280 (14,3) Positif Trading Positif 1.860 2.215 2.570 2.280 2.280 2.280 2.280 2.280 2.245 Speculative Buy

PTPP IJ Equity 860 (45,7) Positif Trading Positif 615 805 995 875 855 830 900 920 820 Speculative Buy

PWON IJ Equity 446 (21,8) Positif Trading Positif 333 418 505 453 444 437 460 469 430 Speculative Buy

SCMA IJ Equity 1.005 (28,7) Negatif OverBought Positif 825 950 1.070 1.010 995 980 1.025 1.040 965 Sell

SMGR IJ Equity 9.500 (20,8) Negatif Trading Negatif 8.575 9.400 10.225 9.525 9.375 9.275 9.625 9.775 9.150 Sell

SRIL IJ Equity 197 (24,2) Negatif OverBought Positif 129 172 214 203 195 188 210 218 185 Sell

TBIG IJ Equity 1.140 (7,3) Negatif Trading Positif 1.025 1.100 1.175 1.150 1.135 1.105 1.180 1.195 1.090 Hold

TKIM IJ Equity 4.940 (51,9) Negatif Trading Positif 3.885 4.695 5.500 4.975 4.900 4.835 5.050 5.125 4.760 Hold

TLKM IJ Equity 3.280 (17,4) Negatif Trading Positif 3.040 3.195 3.345 3.295 3.245 3.205 3.335 3.385 3.155 Hold

TOWR IJ Equity 1.030 28,0 Negatif OverBought Negatif 905 995 1.085 1.035 1.020 1.010 1.045 1.060 990 Strong Sell

UNTR IJ Equity 17.850 (17,1) Negatif OverBought Positif 14.275 16.450 18.650 17.750 17.650 17.475 17.925 18.025 17.200 Sell

UNVR IJ Equity 8.050 (4,2) Positif Trading Negatif 7.900 8.150 8.400 8.100 8.025 8.000 8.125 8.200 7.875 Hold

WIKA IJ Equity 1.265 (36,4) Negatif Trading Positif 940 1.205 1.470 1.295 1.260 1.230 1.325 1.360 1.210 Hold

WSKT IJ Equity 745 (49,8) Negatif Trading Positif 550 690 830 750 725 705 770 795 690 Hold

source: Bloomberg Lp



MAJOR ECONOMIC RELEASE

Date Event Country Act Prev Cons

22-Jun-20 CN Loan Prime Rate 1Y CNY 3.85%

CN Loan Prime Rate 1Y CNY 3.85%

Indonesia Motorbike Sales YoY MAY IDR -79.3%

EA Consumer Confidence Flash JUN EUR -18.8 -15

US Existing Home Sales MoM MAY USD -17.8% -2.3%

US Existing Home Sales MAY USD 4.33M 4.2M

23-Jun-20 JP Jibun Bank Manufacturing PMI Flash JUN JPY 38.4

JP Jibun Bank Services PMI Flash JUN JPY 26.5

JP Jibun Bank Composite PMI Flash JUN JPY 27.8

EA Markit Manufacturing PMI Flash JUN EUR 39.4 43.8

EA Markit Services PMI Flash JUN EUR 30.5 40.5

EA Services PMI Flash JUN EUR 30.5 40.5

US Markit Manufacturing PMI Flash JUN USD 39.8 44

US Markit Services PMI Flash JUN USD 37.5 43.7

US Markit Composite PMI Flash JUN USD 37

US New Home Sales MoM MAY USD 0.6% 2%

US New Home Sales MAY USD 0.623M 0.634M

US Richmond Fed Manufacturing Index JUN USD -27

24-Jun-20 US API Crude Oil Stock Change 19/JUN USD 3.9M

JP Coincident Index Final APR JPY 88.8 81.5

JP Leading Economic Index Final APR JPY 85.1 76.2

US MBA 30-Year Mortgage Rate 19/JUN USD 3.3%

US MBA Mortgage Applications 19/JUN USD 8%

US House Price Index MoM APR USD 0.1%

25-Jun-20 JP Foreign Bond Investment 20/JUN JPY ¥1656.6B

JP Stock Investment by Foreigners 20/JUN JPY ¥-440.4B

JP All Industry Activity Index MoM APR JPY -3.8%

US GDP Growth Rate QoQ Final Q1 USD 2.1% -5%

US Durable Goods Orders MoM MAY USD -17.2% 10.3%

US GDP Price Index QoQ Final Q1 USD 1.4% 1.6%

US Corporate Profits QoQ Final Q1 USD 2.1%

US Durable Goods Orders Ex Transp MoM MAY USD -7.4% 2.8%

US Goods Trade Balance Adv MAY USD $-69.68B

US Wholesale Inventories MoM Adv MAY USD 0.3%

US Initial Jobless Claims 20/JUN USD 1508K 1275K

US Jobless Claims 4-Week Average 20/JUN USD 1773.5K

US Continuing Jobless Claims 13/JUN USD 20544K

US PCE Prices QoQ Final Q1 USD 1.4% 1.2%

US Core PCE Prices QoQ Final Q1 USD 1.3%

US Durable Goods Orders ex Defense MoM MAY USD -16.2%

US EIA Natural Gas Stocks Change 19/JUN USD 85Bcf 56Bcf

Source: Tradingeconomics



MAJOR ECONOMIC RELEASE

RUPS

Date Time Company Event Place

18-Jun-20 9:30 BBKP RUPS Gedung Bank Bukopin Lt 3 10:00 IPCM RUPS Graha CIMB Niaga 10:00 JPFA RUPSLB Harris Hotel 10:00 SMCB RUPSLB Aloft Hotel 11:00 IKAI RUPS Hotel Baskara 13:30 CCSI RUPSLB Gedung Jakarta Design Center

14:00 ABMM RUPS Grand Kemang Hotel

19-Jun-20 14:00 BVIC RUPS Graha BIP 14:00 SMGR RUPS Kantor Perseroan 14:00 TLKM RUPS Telkom Lenmark Tower 14:00 TURI RUPS Hotel Mercure

20-Jun-20 10:00 DPUM RUPS Kantor Perseroan

22-Jun-20 9:00 GHON RUPS Menara Citibank Lt 9 9:00 HELI RUPS Fave Hotel Puri Indah 10:00 PICO RUPS Ws Pelangi 13:30 BPII RUPSLB Gedung Chase Plaza 14:00 BSSR RUPS Hotel Le Meridien

Dividend

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

LTLS Cash Dividen 12-Jun-20 15-Jun-20 16-Jun-20 26-Jun-20 35

PBID Cash Dividen 12-Jun-20 15-Jun-20 16-Jun-20 03-Jul-20 59

PTPP Cash Dividen 12-Jun-20 15-Jun-20 16-Jun-20 05-Jul-20 33

ADHI Cash Dividen 12-Jun-20 15-Jun-20 16-Jun-20 08-Jul-20 18

INPP Cash Dividen 15-Jun-20 16-Jun-20 17-Jun-20 25-Jun-20 4,5

IMAS Cash Dividen 16-Jun-20 17-Jun-20 18-Jun-20 09-Jul-20 5

WIKA Cash Dividen 16-Jun-20 17-Jun-20 18-Jun-20 09-Jul-20 50

MBAP Cash Dividen 17-Jun-20 18-Jun-20 19-Jun-20 24-Jun-20 59

AUTO Cash Dividen 17-Jun-20 18-Jun-20 19-Jun-20 09-Jul-20 42

LINK Cash Dividen 17-Jun-20 18-Jun-20 19-Jun-20 10-Jul-20 178

SCCO Cash Dividen 16-Jun-20 17-Jun-20 18-Jun-20 08-Jul-20 500

JSMR Cash Dividen 19-Jun-20 22-Jun-20 23-Jun-20 10-Jul-20 15

TBMS Cash Dividen 19-Jun-20 22-Jun-20 23-Jun-20 13-Jul-20 US$ 0,0026

MYOH Cash Dividen 22-Jun-20 23-Jun-20 24-Jun-20 16-Jul-20 US$ 0,0068

SPTO Cash Dividen 22-Jun-20 23-Jun-20 24-Jun-20 06-Jul-20 20

ASII Cash Dividen 24-Jun-20 25-Jun-20 26-Jun-20 10-Jul-20 157

Source: KSEI and OSO Research Team



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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

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