"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Rabu (12/03/2025) dengan tema Analisis Saham ASII, ENRG, PTRO, MIDI".
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00:00Thank you very much, Mr. Mir, for joining us again.
00:07We will continue our discussion with Mr. Eza,
00:09who is the Head of Research at NHK Indonesia.
00:14We will see and discuss Sam Sam recommendations from Mr. Eza.
00:17Mr. Eza, so your recommendation this time is not to include Sam Sam related to Minerba, right?
00:24Yes, that's right.
00:26Okay, we can see the Sam Sam on the screen.
00:39Okay, we will continue our discussion with Mr. Eza.
00:42Based on the data we have, the Sam Sam that you recommended looks like there is Astra International, right?
00:51That's right.
00:52Okay, let's go to Astra. What's so interesting about this Sam Sam?
00:56We advised Astra to do a speculative buy with an entry of Rp. 4,800,
01:03and a TPN of around Rp. 4,970 to Rp. 5,000 for the first target.
01:09We are more hopeful for Astra,
01:12because at the end of 2024 and the beginning of 2025,
01:17the car sales are still decreasing.
01:21We can see the data for the new car sales.
01:25But we are still hopeful for other subsidiaries such as Ali and UNTR to offset the negative sentiment.
01:35Because we can see that the CPO prices are stable,
01:38and UNTR, even though there are new royalty tariffs,
01:44the majority of their income comes from Komatsu,
01:50from renting Komatsu to other mining companies.
01:57They are also mining contractors,
02:01one of their income segments.
02:04So, UNTR is very interesting for now.
02:08Okay, UNTR and ASEE are also interesting, right?
02:13Yes.
02:14The one on the screen is ASEE.
02:16Can you tell us technically,
02:18what is the stop-loss?
02:21The stop-loss is below Rp. 4,700.
02:24Below Rp. 4,700 with a target price of around?
02:28Target price is around Rp. 4,970 to Rp. 5,000.
02:33Speculative buy first, right?
02:35Speculative buy first.
02:36If we can break out from the previous target price,
02:38there is a potential to go up to Rp. 5,225 to Rp. 5,250.
02:44Okay, what about UNTR?
02:47For UNTR, we haven't recommended it yet,
02:52but we can see that there is a potential to swing upwards.
02:57Okay.
02:58It hasn't been recommended yet,
03:00but there is a chance to do it first, right?
03:04That's right.
03:05There is a potential to have an upward pivot swing,
03:08but for now, we recommend WTNC first.
03:12WTNC first.
03:13But maybe from a nominal point of view,
03:15Rp. 23,000 is not friendly for a number of retail investors.
03:19Okay.
03:20We'll leave it for our ASTRA group.
03:22Let's go to the next session.
03:24What session is there, Mr. Ezzah?
03:27There is ENRG.
03:30For ENRG, we are a bit speculative.
03:35We recommend speculative buy.
03:38Entry at Rp. 177,000.
03:40Target price at Rp. 210,000 to Rp. 218,000.
03:46Stop loss at Rp. 166,000.
03:49We advise to buy now,
03:56because with the negative sentiment of new tariff royalty,
03:59there is a possibility for an upward movement today
04:05and there is a possibility for a short-term upward swing.
04:10But if we look at the past,
04:20if new tariff royalty is implemented,
04:24it becomes a bearish sentiment.
04:26But because the news came out,
04:29and it is a bearish sentiment that will not continue
04:37because it has not been implemented,
04:39we advise speculative buy for now.
04:43Speculative buy, right?
04:45Okay.
04:46We will first look at the complete data
04:48about SAMSAM recommendations from Mr. Ezzah.
04:51Among them, there is ASTRA International,
04:53NNRG, PTRO, and MIDI.
04:55Three of them recommend speculative buy.
05:00Then for MIDI, swing buy is recommended.
05:04Mr. Ezzah, it seems that it is more speculative now, right?
05:09Yes, for now it is speculative first.
05:12Because as I said earlier,
05:16new tariff royalty has not been implemented.
05:23And because of that, people heard the news
05:27and were quite surprised
05:30and there was quite a negative sentiment in those emitters.
05:36If it is implemented and approved by the Ministry of Social Development,
05:42there is a possibility for the bearish sentiment to continue.
05:49But for now, it is only discussed
05:52and we see that there will be a bullish short-term upward swing too.
06:01Okay.
06:04So, because it is still being discussed,
06:06there is a chance for a short-term bullish,
06:09but if the result is an increase
06:12and the increase may not meet expectations,
06:15there is a possibility for the bearish sentiment to continue for the medium term.
06:19Correct.
06:20We see that the price index and the combined price index rebound almost 1% this morning.
06:23But before we continue, let's go to PTRO and MIDI.
06:26What is your recommendation?
06:28For PTRO, speculative buy. For MIDI, swing buy.
06:32For PTRO, we advise speculative buy
06:35and the entry is from IDR 3,190 to IDR 3,060.
06:40The TPE is from IDR 3,500 to IDR 3,550.
06:44If it can break out from there,
06:46the second TPE is from IDR 3,770 to IDR 3,850.
06:54The stop-loss is from IDR 2,870.
06:58And we see that PTRO has a possibility to return to the TPE range,
07:09which is from IDR 3,500 to IDR 3,550.
07:13Now, let's continue to MIDI.
07:15For MIDI, we advise swing buy.
07:18Swing buy is a longer term, medium to long term.
07:21The entry is from IDR 3,320 to IDR 3,260.
07:27The TPE is from IDR 3,500 to IDR 3,540.
07:32And if it can break out from there,
07:35there is a potential to go to IDR 3,680 to IDR 3,770.
07:40The stop-loss is from IDR 3,610 to IDR 3,660.
07:45Okay.
07:46So, how is it?
07:48We are looking at the joint stock price index
07:50at the opening this morning,
07:52where the IHSG increased by 0.77%,
07:5450 points at IDR 6,598.
07:56Earlier, Mr. Eza said that in the short term,
07:58there will be an increase first,
08:00even though we saw earlier that the US-US trade war
08:04and the Canadian trade threat
08:08caused the stock market to experience a weakening.
08:12But the IHSG increased.
08:13Is this a normal thing?
08:15Maybe the weakening has been quite significant
08:17in the last two days.
08:19On Monday, it was 0.57%,
08:20then on Tuesday, it dropped again to 0.79%.
08:22When the trend is stronger,
08:24what will the projection be like, Mr. Eza?
08:27It seems that this week,
08:30the IHSG will be in the sideways range.
08:33We have seen in the last few weeks
08:37that the IHSG is in the consolidation range.
08:42If someone asks me
08:45if I am still optimistic about the IHSG,
08:48I am still optimistic that the IHSG will reach IDR 6,000
08:53at some point this year.
08:55And it seems to be the case.
08:58Because for now,
09:01it is very difficult for the IHSG to return to above IDR 7,000.
09:05And if the IHSG can maintain above IDR 7,000,
09:08it is also very difficult.
09:10The BCA, BRI, and BMRI
09:13are currently experiencing an upward swing.
09:24Because they will give quite a high dividend.
09:29But the profitability for this year is very conservative.
09:33Until the BCA itself sees that their profitability
09:37will not increase.
09:40Or their loan growth will also increase for now.
09:44They maintain their current target.
09:47That will be a challenge for us.
09:51What is the range for the IHSG from NHKUR Indonesia?
09:56For today, it is possible to reach IDR 6,700 to IDR 6,400.
10:06That is the range for today.
10:08Okay, the range for today is quite wide.
10:10Now it's back to trying to break again at IDR 6,600.
10:13Okay, let's go to the trading page.
10:15You can see the complete data on the Indeks Harga Samgabungan
10:18Indeks Harga Samgabungan.
10:20Indeks Harga Samgabungan.
10:50This week's IPO also experienced quite a significant boost, MAPI, PSAB, Telkom, Pemirsa, then the top losers are MINA, DATA, JSPT, SMDM, PPRI, and AYS as you can see on the screen, it is included in the losers category based on value.
11:09From the sectoral movement, the majority are led by sectors that are of course experiencing strengthening, there are two that are visible, Pemirsa is in the red, there is industry and there is also transportation there.
11:21Then we see the most significant strength is the cyclical sector, then there is also infrastructure and non-cyclical.
11:30Maybe this is related to the advent of Eid al-Fitr, EZA for stocks related to retail, but if we compare, this is also the dividend season and today there will be RUPS from BCA.
11:45It's interesting that RUPS BCA doesn't talk about dividends because many say that the yield dividend from BCA is actually not as high as other major banks.
11:55Actually, if we look at the BRIs, BMRIs, and BNIs, BCA is the most resilient in terms of price.
12:05BMRI, Mandiri, BRIs, and BNIs have quite a deep correction, so it makes the dividend yield very interesting.
12:18But this is one of the signals that investors and retail institutions are very convinced in BCA itself.
12:33Especially because BCA is a private stock that has reflected their performance.
12:44What is your recommendation for BCA, EZA?
12:47My recommendation for BCA is to buy.
12:529.50% with an increase of 1.4%, can it be included today?
12:56Yes, it can be included.
12:58What is the target level and what is the support for BCA?
13:01For now, there is no support. We are still updating our research report with our banking analyst.
13:10Okay, but it's interesting to enter 9.50% right now, right?
13:13Yes.
13:14That's it, Mr. EZA Jalang. RUPS BCA strengthens 1.4% at 9.50% and concludes our discussion with Mr. EZA this morning.
13:21Thank you very much, Mr. EZA, for sharing the information. Always be healthy for you.
13:27And again, Mr. EZA, we will return the decision of the investment to you.