Cermati Saham Pilihan: BBCA, ASII, Hingga ICBP
"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Senin (11/12/2023) dengan Tema Cermati Saham Pilihan: BBCA, ASII, Hingga ICBP".
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00:00 Thank you, Mr. Mirsa, for joining us.
00:02 We will continue to discuss the opportunity of the joint stock index and the recommended stocks
00:08 considering that the IASD is now approaching resistance at 7,200.
00:12 Together with Mr. Wawan, who is the Vice President of Infovesta.
00:17 Here is a summary of the recommendations or options of Infovesta, Mr. Mirsa,
00:21 which we have summarized in the following graph.
00:26 Among others, Mr. Mirsa, the BBCA stock, then Astra International,
00:32 and ICBP are recommended to buy on weakness or buy at a lower price.
00:37 We will analyze and review of course together with Mr. Wawan.
00:40 Mr. Wawan, you still recommend stocks, especially B-Caps, like BCA and also Astra,
00:49 but this B-Caps is the senior B-Caps compared to the new B-Caps.
00:54 Then there is also ICBP from Consumer Goods. B-Caps first, sir.
00:58 Yes, B-Caps are very interesting when the brand is selling it and the market cap is down,
01:07 so the price of B-Caps is also being corrected.
01:10 But if I just look at it, this is a very good opportunity for investors to enter.
01:14 B-Caps are now at the level of 8,750.
01:17 This is very interesting to enter because fundamentally B-Caps are much better
01:23 than the brand itself.
01:25 So it is very potential for B-Caps to return to the level of 9,000 at the end of the year.
01:31 Even for the next year, our target B-Caps is around 9,500 to 9,600 for next year.
01:37 So the opportunity for when B-Caps are corrected now, the opportunity for B-Caps to enter.
01:41 In terms of valuation, how do you view B-Caps?
01:45 For valuation, if we talk about banks, B-Caps are the most expensive,
01:50 one of the most expensive in Indonesia for the existing B-Caps.
01:53 But it is supported by ROE, Return on Equity.
01:58 B-Caps are indeed the highest compared to BRI, Mandiri,
02:01 B-Caps are the most profitable for now.
02:04 So it's very interesting for us to collect B-Caps at the price of 8,750 now.
02:10 Okay, very interesting for us to collect.
02:13 Maybe we also want to know, sir, for PBV, it's also a double from BRI and also Mandiri,
02:19 where PBV from Mandiri and also BRI is still around 2.
02:22 While BCA is above 4.
02:25 What is the analysis like, sir?
02:27 Historically, BCA has always been like that.
02:30 It is always twice as much as BRI or Mandiri.
02:35 From the analysis side, we say that BCA has an intrinsic value,
02:42 which is valued by the investor, it is valued higher.
02:46 But if we talk historically about BCA itself,
02:50 the current level 4 is not expensive.
02:53 That's a reasonable level for BBCA stocks.
02:57 Okay, in the pre-opening, one minute before the opening of the trade,
03:01 it's a bit down, sir, 0.86% at 86.75%.
03:04 What is the best strategy, by all means?
03:07 Yes, I suggest entering at the current price.
03:10 There is a lot of potential for BCA to be appreciated today.
03:15 Maybe it can go back to 87-87.50%.
03:19 At 86.75%, I think this is a bargain price.
03:25 A very cheap price for a WCA class.
03:28 Okay, especially YTD, I don't know how long this year,
03:30 the highest trading was at 94% and now it's 86%.
03:35 So it seems like a fairly cheap price.
03:38 For medium to long investment, it's okay, right, Mr. Wawan?
03:42 BCA has a problem, yes, for a short term, I see it will go back to 9,000,
03:46 very likely next year.
03:47 For medium to long, yes, for the next year, our target is 9,500.
03:52 Next year, the target is 9,500, back to the highest level, right, sir?
03:57 Correct.
03:58 Okay, the cheaper, the better, or is there support?
04:01 Yes, BCA support, I think at this level,
04:07 if it's this year, it's around 8,600.
04:11 This year, it hasn't reached that level,
04:14 so I suggest at level 86.75%, now it's a buy accumulation.
04:19 Yes, the lowest this year is 86%, and now it's 86.75%,
04:23 so it's the lowest level.
04:25 Hopefully it doesn't reach that level, right, sir?
04:28 Yes, my suggestion is if it does, just buy.
04:31 It's cheaper, okay.
04:33 This is for interesting investment, says Mr. Wawan, BBCA.
04:37 What about Astra International, sir?
04:39 Yes, for Astra, I see it's a conglomeration,
04:45 there's Automotive, which has returned this year,
04:47 and it also has businessmen in the coal mining sector,
04:51 UT, whose dividends will definitely be large this year.
04:55 So, for Astra, it's quite interesting to enter the level,
04:58 even now, it's okay, at around 5,600, it can be a weakness.
05:03 We are also waiting for Astra's dividends,
05:06 which I think will be quite large this year,
05:09 or later announced in April next year.
05:11 So, we can hold on to the dividends.
05:13 Okay, if you're looking for a gain from the dividends,
05:16 Astra is one of the choices, right, Mr. Wawan?
05:19 What's the closest target for Astra?
05:22 At the end of the year, I see it can return to the level of 5,800.
05:27 For next year, we see Astra will return to the level above 6,000.
05:33 Maybe at the end of 2024, we'll see it will be around 6,400 to 6,500.
05:39 Okay, what's the strong support position?
05:42 For support, it's at 5,500 for Astra itself,
05:46 because the lowest level has never reached that level,
05:49 but even now, it can be accumulated as a weakness.
05:52 Okay, it's starting to be a bit of a buy for Astra,
05:54 in the current position, 5,600, 50,000, the opening has dropped a bit, 0.44%.
05:59 Okay, one more thing, you recommended ICBP from Emit and Consumer Goods,
06:03 why more to ICBP?
06:06 For ICBP, we see it's one of the things that will be benefited by the political impact,
06:11 when there is a money circulation and the society's consumption increases.
06:16 The brands from ICBP, I think, our society is very familiar with,
06:20 one of them is Indomie.
06:21 So, for ICBP, even yesterday in November, it was actually above 11,000,
06:27 then it was corrected, and now the price is starting to rise again.
06:30 So, it's a bit different from BCA and Astra,
06:34 the trend is going down, while ICBP is rebounding, it's going up.
06:38 But I also suggest you to still buy,
06:40 because our tactic for next year for ICBP is around 12,000.
06:43 Okay, there is a target at 12,000.
06:46 So, if you look at the recommendations of Mr. Wawan's current election,
06:49 the recommendation is more to the fundamental products,
06:52 okay, it's been tested, but the trend is going down.
06:56 So, it's an opportunity to buy at a cheap price.
06:59 It's the same as the one that benefits the middle of the election,
07:03 but the trend is trying to rise, right, Mr. Wawan?
07:07 Yes, as a choice, in addition to the stocks of Mr. Rajogo's group,
07:12 which has risen significantly, but fundamentally,
07:15 I see it still has a lot of potential to be profit-taking for the next year.
07:21 Okay, Mr. Wawan, it means you are more happy that there is a story,
07:25 the fundamental is okay compared to what you see from the perspective of rising, right?
07:32 A bit of a horror, maybe, or what?
07:34 Yes, I always view that stock investment is a long-term idea and focuses on the company's capital.
07:41 If it's short-term, there's nothing wrong with investors wanting to trade,
07:46 to take advantage of the existing volatility,
07:48 but it must be disciplined for profit-taking and cut-loss point.
07:52 Okay, that's it. The index of joint stock prices this morning,
07:56 the share price opened down 0.28%, at 7,137 at the beginning of this week.
08:04 And the share price for the exchange rate of the US dollar tends to weaken 0.44% to 15,590.
08:14 And the next is the stock market trend that has become a top gainer this morning,
08:17 there is a gold score from the farming sector, which was around 11% earlier.
08:27 Then there is the PBSA, which also rose 11%.
08:31 Then there is LP, ERTX, PTRO, ARTO, PSDN, BRPT.
08:38 The top losers are MAPI.
08:40 We captured the MAPI, which fell and is in the first position.
08:47 Meanwhile, there is MDKA, TCPI, MAPA, and several other shares of Pemirsa
08:53 that are in the top losers category this morning.
08:57 We will discuss the review of Pemirsa in the last segment of the market buzz after the break.
09:08 Thank you, Pemirsa, for joining us again in the market buzz segment.
09:11 Let's talk about the opening of the trade this morning,
09:13 where YHS Gacendarung experienced a profit taking.
09:16 The shares that are in the largest transaction value are still shares like Goto, Gojek, Tokopedia,
09:22 431 billion rupiah.
09:26 Then there is BRPT, 182 billion rupiah.
09:31 BBCA, Pemirsa, BBRI, BMRI.
09:34 Then there is Brand, but this brand also has a profit taking of 2%.
09:38 But the transaction value is 41 billion rupiah.
09:40 And there is also ARTO, Pemirsa, which is 2.52%.
09:44 I'm interested in ARTO, Mr. Wawan.
09:47 What is so interesting about ARTO?
09:50 Is it because there is a story from Goto, Tokopedia, and TikTok?
09:57 Yes, if ARTO itself, we have seen that it has already profited.
10:03 But the profit is still relatively small, just like a bank.
10:10 So once again, if ARTO, I am very sure that this is influenced by the transaction that TikTok entered Goto,
10:17 especially in Tokopedia.
10:18 Investors will see that because it is one ecosystem,
10:22 ARTO will definitely be included in the transaction that may happen.
10:28 This can provide an additional transaction and revenue for ARTO.
10:36 What is the recommendation for ARTO?
10:39 ARTO is actually not cheap in terms of valuation for its level of income.
10:45 But if you assume that this is with the transaction later in TikTok through Tokopedia through ARTO,
10:53 there must be an increase in income.
10:55 So if investors want to enter, my suggestion is to just trade.
10:58 To focus on the short term and with a clear profit taking.
11:03 For example, 20%, 25% check on profit taking.
11:06 If it suddenly drops, it may still not be in the short term.
11:10 I see if it is in line with the previous one,
11:13 investors will definitely continue to be enthusiastic about the potential projection of their income in Goto.
11:19 But later, the financial report at the end of the year, which we can only see in April,
11:26 will see if this transaction is really a positive impact on Goto's revenue.
11:32 Because until now, Goto is still a net loss in every financial report.
11:37 And I'm sure that the March financial report and even maybe later in June,
11:43 it will not be positive. But at least if there is a loss, it can be a positive catalyst for investors.
11:50 Okay, that's it for ARTO Pemirsa.
11:52 While Goto today is 4.63% weak in the opening,
11:55 and there is Barito Pacific Pemirsa which is still floating at almost 5%.
12:00 One last question, Mr. Wawan,
12:02 we also welcomed the decision from the Fed in December
12:06 and remember the labor issue last week which also made Wall Street experience significant strength and also the European exchange.
12:15 What are the tips in the midst of this uncertainty?
12:20 I would recommend the accumulation of SAMSAM earlier,
12:23 SAMSAM, the cheap pick-up, because uncertainty is part of the stock investment.
12:29 But if we talk about longer terms, 1 year, 2 years, 3 years,
12:33 SAMSAM with good fundamentals will always rise.
12:36 SAMSAM with good capital will always rise, right?
12:40 Correct.
12:42 Okay, not the market cap that we are talking about, right?
12:45 Fundamentals, especially from the F&E and income.
12:49 Thank you very much, Mr. Wawan, for sharing the information this morning.
12:52 The recommendation is also a success for you. See you again, sir.
12:57 See you.
12:59 Thank you.
13:00 [End]