Saham PT Bangun Kosambi Sukses Tbk atau CBD PIK 2 (CBDK) gagal melaju usai terdampak isu pagar laut di Tangerang, Banten. Harga saham CBDK ikut terseret induknya, PT Pantai Indah Kapuk Dua Tbk (PANI).
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TVTranscript
00:00PEMIERSA
00:05From Global, PEMIERSA's sentiment is quite warm, or Trump Effect.
00:10In Indonesia, it's warm because of the PEMIERSA's polluter,
00:14who is slashing shares like PANI and CBDK, which is considered to be related.
00:18We will discuss this with Henry Widiantoro,
00:22Investment Specialist, RDK Elite Securities.
00:24Good morning, Henry.
00:27Good morning, Risa.
00:28Thank you for your time.
00:30Henry, this is quite warm.
00:32We know that CBDK has just IPO'd and auto-rejected,
00:36but it tends to be weak in following its business,
00:38because this polemic has been discussed at the level of the government,
00:41the ministry, and the DPR.
00:43They also admitted that it would be good to make a Pansus Investigation.
00:47But actually, you see how far this polemic will give a negative effect,
00:53or momentum for market players to take profit-taking action.
00:56Because PANI and CBDK have a significant power,
01:00when there is a polemic,
01:02maybe it will be used as a momentum to get out first,
01:04to make a profit first.
01:06What do you think?
01:08Okay, if I look at it, behind this polemic,
01:11we see the market behavior.
01:13When the market sees that there is an unlawful action here,
01:16of course the market has perspective and concerns.
01:20Where the investor is justified to take profit-taking action.
01:23Because the thing that is most disliked by market players is uncertainty.
01:28Well, it's reasonable and realistic too,
01:31if for example we see that there is a profit-taking action in PANI and CBDK here.
01:35We see that these two polemics,
01:37in terms of price estimates, have already experienced significant strengthening.
01:41We see from PANI, maybe last year it was more than 250%,
01:46then CBDK for the last few days,
01:50after IPO also experienced significant strengthening.
01:52In my opinion, these are normal things,
01:56to take profit-taking action.
01:58In the stock market, quite sensitive issues like this,
02:03often become a trigger for the correction to be bigger.
02:09Especially in stocks that have experienced sharp increases,
02:13such as CBDK and PANI.
02:15So, do you think these polemics will be more sensitive
02:21to the impact of PANI, CBDK, or just the same?
02:24And how far?
02:26Because right now it's really uncertainty,
02:29and it seems that the government is still throwing each other,
02:33still analyzing this polemic,
02:36maybe there are political elements too.
02:38How far will this have an impact?
02:39And what should the market players do?
02:45If we look at how far,
02:48will this have an impact on PANI or CBDK?
02:52Psychologically, the market will have an impact on these two things.
02:56If we look at PANI, maybe the impact will be deeper.
02:59Why do I say deeper?
03:01Because we see that the increase that has been seen since last year,
03:06I don't think it's that rational.
03:09Profit-taking action is quite normal for PANI itself.
03:12However, after that, investors also need to see
03:17the completion of this case.
03:20Is there a point from various parties to solve this case?
03:25If, for example, from various parties to solve
03:28and find a middle ground for this case,
03:32I think these sensitive issues will return,
03:36and then PANI or CBDK will strengthen again.
03:42Because in this case, investors really need to be sure
03:47about the regulation, government determination,
03:50and statements from the corporations themselves
03:53about the polemics that are already in the market.
03:56Okay, so there will be determination from the government,
03:58as well as statements from the corporations
04:06related to this polemic.
04:10If we look at PANI, for example,
04:13in the first session, the data we collected was still 5%.
04:16Then in the afternoon, it increased to 9%.
04:19Technically, maybe if we talk about the current fundamentals,
04:23the polemics are still warm, tend to be negative,
04:25maybe less interesting.
04:28Or what do you think, Enri?
04:31If I look at it from a fundamental perspective,
04:34from a macro perspective, from a business perspective,
04:37these polemics, as I said earlier,
04:39these issues will accelerate the growth of the market,
04:42the growth of the stock market itself,
04:44in terms of stock performance.
04:46Maybe if I look at it technically,
04:49from a technical perspective, for PANI itself,
04:51maybe the level that will happen for PANI,
04:53we see there is support,
04:55where the support is the support
04:57that happened on November 18 last year,
05:01where the support is level 13,000.
05:04However, if that level is met,
05:06there is a possibility to reach level 12,300
05:10as the next support level.
05:12Well, from a fundamental point of view,
05:14there is actually not much of a problem
05:16for this M&T.
05:18Overall, it's good, I see it there.
05:20However, if we look at it from a significant increase,
05:23I think profit-taking is a normal thing.
05:26Okay, 14,100 for PANI.
05:29What are the chances,
05:31technically speaking, and the trend?
05:33Is it already in the downtrend?
05:35Or how? Please.
05:38If we look at the trend,
05:40the long term is still uptrend.
05:42We see it is still at the MAA200 level,
05:44where the MAA200 level is still at level 10,000.
05:46And we see, maybe it's just broken,
05:48the downtrend is only short-term.
05:50We see it just passed the MAA50 and MAA20.
05:53Where if that level is broken,
05:55maybe I see there is a potential for buying or buying below,
05:58while waiting for the news from the government investigation
06:02and statements from various parties,
06:04to level 12,300 as a support level for PANI.
06:0912,300?
06:1210,000 is the worst case.
06:15If, for example, the volume is still relatively clear.
06:19If it is broken from 12,300,
06:21there is a chance that the next target is at 10,000.
06:23If it is broken from 11,100,
06:25you see there is still a chance for a further decline,
06:27because there is still no explanation from the government
06:29or from the investors.
06:31A little bit about the CBDK business.
06:34For CBDK, it's actually a bit difficult from a technical point of view.
06:37Because it's just IPO?
06:39Just IPO, right.
06:41Because it's just IPO.
06:43But if we look at it,
06:45maybe in terms of business,
06:47from the CBDK side itself,
06:49overall, in terms of performance,
06:51the top line is pretty good.
06:53About 99%.
06:55But here, the bottom line,
06:57from the cleaning side,
06:59is rather thin.
07:01Plus, but very thin.
07:03Here, we have to see for CBDK,
07:05from the use of its IPO funds,
07:07is it really for acquisition or not?
07:09Because with this acquisition,
07:11it will build a current income
07:13in its project,
07:15which we have to see
07:17whether it's good or not
07:19next year,
07:21when the project is acquired.
07:23So, it's good for CBDK.
07:25But in terms of valuation,
07:27I see that
07:29at the current price,
07:31which has risen significantly,
07:335 or 6 days in a row,
07:35it's relatively expensive.
07:37Relatively expensive.
07:39And it can be said,
07:41maybe yesterday,
07:43the rise was experienced by the top authorities
07:45because the industry is also
07:47in a positive market trend
07:49before this pandemic.
07:50So, this year,
07:52the IPO is the most significant.
07:54So, what are your recommendations
07:56and other sentiments
07:58in our model market?
08:00Later, we will talk about it.
08:02We will be right back after the break.
08:04Still connected through video conference
08:06with Mr. Henry Widiantoro,
08:08Investment Specialist,
08:10RDK Elite Securitas Pemirsa.
08:12We will talk a little bit about
08:14the sentiment from Trump Effect.
08:16Mr. Henry, who is promoting
08:18Wall Street business.
08:20Then the dollar also tends to be flat,
08:22even though the rupee is still
08:24not too far away, still at 16,300.
08:26Some are optimistic,
08:28they say it can grow to 16,000.
08:30But how far can this give a booster
08:32for the index of joint stock prices?
08:34Yes, if we look at it,
08:36how far is it expected
08:38for Trump here?
08:40We see that
08:42there is a possibility that
08:44this year, when Trump leads,
08:46I think it tends to be smaller.
08:48And the market is not so surprised
08:50with this kind of thing.
08:52Because the market seems to have learned
08:54a lot from Trump's performance
08:56in the first period at that time.
08:58Then also,
09:00if we look at Trump's statement
09:02yesterday, at the beginning,
09:04at the beginning, he was also
09:07not discussing
09:09and not discussing
09:11about the rates that
09:13will be set
09:15according to his previous campaign.
09:17Because of that, maybe I see
09:18the market itself responds
09:20as a positive thing.
09:22Where, overall,
09:24when the tension
09:26is slightly reduced,
09:28there is a possibility that the dollar will weaken
09:30and then the rupiah will be re-appreciated.
09:32What is the result?
09:34The result of capital outflow
09:36that was going to come out a lot,
09:38but didn't come out of Indonesia.
09:40Okay, it did come out,
09:42but it was going to be a lot,
09:44this is probably a bit of a brake.
09:46Because the concrete policy
09:48of Trump is not too hasty.
09:50It can be said that investors
09:52see now that
09:54Trump is not as bad as
09:56predicted before.
09:58There are many things that are predicted to be negative.
10:00It turns out that we see
10:02not yet, at least until now
10:04it's not as bad as that.
10:06So where is the joint sum index?
10:08If we look at the joint sum index,
10:10this is actually
10:13the current condition.
10:15The ISG is already good enough.
10:16It's good enough.
10:18Rebound from the lowest number
10:20at that time at the level of 7,000 something.
10:22It was a hit.
10:24Trying to reverse the long-term uptrend.
10:27However, here we have to see
10:29first of all, the long-term resistance
10:31of the DMH200 is at the level of 7,300.
10:34If for example, the closest target
10:36in my opinion for the ISG is 7,300
10:38as the resistance level.
10:40If this 7,300 is exceeded,
10:42there is a potential
10:44that the uptrend will go straight
10:46to the next level,
10:48at the number of 7,500.
10:50However, if it does not exceed the level of 7,300,
10:52there is a potential for the ISG market
10:54to consolidate first
10:56at the level of 20 and 50
10:58more or less around 7,000 to 7,150.
11:01The chance is to go to the uptrend
11:037,300, at least not there first.
11:05But even if it doesn't go up,
11:07it tends to consolidate, not go down.
11:09That's right.