IHSG +0,90% ke level 6.368,633 di sesi I Kamis (20/3). Tiga sektor dengan kenaikan tertinggi IDX-Techno +10,03%, DCII +19,99% kembali ARA menyumbang 36,67 indeks poin ke penguatan IHSG. IDX-Basic +1,59%, AMMN +4,37%. IDX- Finance -0,89% jadi penahan laju IHSG, BBRI -1,62%, BMRI -1,07%, BBNI -2,16%, dan BRIS -9%. Dari sisi saham, dua emiten Prajogo Pangestu TPIA dan BREN menguat 11,84% dan 5,18%, berkontribusi 27,16 indeks poin ke penguatan IHSG.
Category
📺
TVTranscript
00:00Thank you for staying tuned with us, and in this segment, we will review the trade path throughout today.
00:11It looks like the expansion continues, but the level of 6,400 is unable to be maintained, including trade in the second session.
00:19And we remind you that you can still participate in our interactive WhatsApp at 0812 plus 8788 3723, as shown on your TV screen.
00:28And right now, we are in contact with Mr. Yosef Gabetua, co-founder of Namorafan.
00:33We will go straight to Mr. Yosef. Good afternoon. How are you, sir?
00:38Good afternoon, Mr. David. How are you?
00:41Thank you, Mr. Yosef, for taking the time to be on IDX Channel.
00:44Today, Indekargasam Gabungan is still continuing Mr. Yosef's strength, but in an intraday way, its strength is limited.
00:50Profit-taking occurs.
00:52Then, what is quite interesting is that in recent times, although Indekargasam Gabungan has experienced a significant rebound,
00:59but the sales continue and the number is also relatively large.
01:04Your analysis, Mr. Yosef.
01:07Okay, actually, if we look at today, those who support ISG can finally rebound quite high.
01:14Those are actually members of local conglomerates.
01:17So, if we try to map the movement of ISG, the first is the shares that the majority of the shares or transactions are controlled by foreign investors.
01:29Those are shares such as Big Bank, BCA, BRI, Mandiri, BNI.
01:35The majority is indeed controlled by foreigners.
01:38This one seems to be quite heavy because the pressure of foreign shareholders continues.
01:43But on the other hand, the composition of foreign investors is less and mostly controlled by local conglomerates,
01:52it seems to be stronger today.
01:55So, actually, this is a good sign for us that although we may be affected by net sales from foreign investors,
02:05but the movement of ISG has already started to divide.
02:10Local conglomerates have already started to take up quite a large place in ISG,
02:15so our stock exchange dependence on foreign investor funds can be slightly reduced.
02:23Something like that, Mr. David.
02:24It means that the conglomerate shares that are dominated by domestic investors provide such a balance, sir,
02:29in the middle of the deep pressure of the Big Cap banks.
02:33Now, specifically for the Big Cap banks, how do you see their position?
02:37According to the trading data of Rabu yesterday, the Big Cap banks' net sales are still continuing, sir.
02:42There is a position, not only for Himbara Bank, which is in a good position,
02:47but also for Brise Bank, which also experienced quite a deep pressure with its net sales.
02:52Even today, it has decreased by more than 9%.
02:57Yes, actually we can't say that only BUMN banks are being affected by the pressure of foreign investors.
03:05The banks that have been sold the most to foreign investors since the beginning of this week are BCA banks.
03:12Like that, this is almost Rp 3 trillion.
03:16Up to the trading yesterday, because today the data is not available,
03:20up to the trading yesterday, Rp 2.6 trillion of foreign investors sold to BCA banks.
03:27So, indeed, if you look at the position until now, it's a bit heavy.
03:32But it doesn't mean that we don't have hope,
03:34because if it is said that foreign investors continue to sell,
03:39their goods are actually still a lot in our stock market.
03:42For example, in BCA, the share of foreign investors is still 89%.
03:56So, there are a lot of goods that need to be sold if they want to sell all the shares of BCA,
04:04which is impossible to happen in a short time.
04:06So, in my opinion, the effect of the portfolio that is more affected by the increase of BCA is actually the portfolio of foreign investors.
04:18So, in my opinion, it is impossible for them to continue to sell shares like this,
04:25and the price of BCA can continue to fall.
04:27In my opinion, it doesn't make sense.
04:29But in the middle of foreign investors who are eager to sell,
04:35especially in the case of BCA,
04:39when foreign investors are eager to sell,
04:43it is sometimes not depicted from the technical side,
04:46when the share price is high, but the shares are still in the green zone.
04:51What kind of analysis is this, Mr. Joseph?
04:54Actually, not all of the shares can be seen from foreign investors.
04:59Because, as I said earlier,
05:02not all of the shares are held by foreign investors.
05:07There are some shares that are held by local investors or fund managers.
05:13So, if we see foreign investors moving there,
05:17it's actually not correlated.
05:19That's why when we see foreign investors moving,
05:24we can see that the majority of the shares are held by foreign investors.
05:30So, for example, BCA, BRI,
05:34because the majority of the shares are held by foreign investors,
05:37which is more than 60%,
05:40maybe their average shares are held by foreign investors,
05:44and the total transaction is also dominated by foreign investors.
05:48But what is quite interesting today,
05:50in the midst of the movement of BICAP banks,
05:53BCA is held in its own green zone,
05:56when from Embara Bank, today,
05:58it experienced quite a deep pressure and became the biggest burden for Samkabungan today.
06:02Let's go to BCA first, sir.
06:04The technical analysis, in the midst of BCA's resilience,
06:07which is able to survive in the green zone,
06:09throughout today's trading.
06:12For today's trading,
06:15actually BCA is still there.
06:18If I'm not mistaken, tomorrow,
06:22there will be a dividend distribution,
06:24which is 250 rupiah per share.
06:26That can also be a momentum.
06:29We hope this can be a momentum for foreign investors.
06:34This can stimulate foreign investors to return to BCA shares.
06:38But if we look at the outflow pressure,
06:42for me, we don't have to rush.
06:45Looking at this pressure,
06:47maybe for the level entry in BCA,
06:52there is also support for 8,200.
06:56So just wait until we see the inflow from foreign investors starting again.
07:02In my opinion, it's safer.
07:04In my opinion, today at 8,375,
07:07the support entry can be seen at 8,200.
07:12Let's go to Himbara Bank, sir.
07:14BBRI, today the pressure is quite deep.
07:16It has been traded again at level 3,600.
07:21For BBRI itself,
07:23if we look at the technical analysis,
07:26the downtrend is still quite strong.
07:30And for the outflow,
07:32we see that there is no favor for BBRI here.
07:36It is not seen that BBRI will rebound soon.
07:40So if we want to buy,
07:42we want to hold in the long run,
07:45the valuation is already cheap.
07:47In my opinion, it can already be bought.
07:49This is 3,600.
07:53At 3,500, in my opinion,
07:55it can be considered for us to average down for those who already have it.
08:00Okay, before we continue,
08:02we will try to review BRI first,
08:04outside the Himbara Pickup Bank.
08:06Today, BRI's pressure is quite deep,
08:08above 9%, 2,180.
08:10In the trading of copper,
08:12BRI is also included in the category of banks
08:15that are released the most by foreigners.
08:18Yes, if for BRI itself,
08:20actually we read the sentiment,
08:23there is Muhammadiyah who pulls their funds from BRI.
08:30This can also be a sentiment that
08:32triggers the panic of foreign investors.
08:35And because if we look at the transactions in BRI itself,
08:40foreign investors are also seen to do net sales too.
08:45So there is a negative sentiment
08:47and foreign investors react to do sales.
08:50In fact, in my opinion,
08:52maybe this is something that is a bit worrisome for BRI.
08:56But we don't need to spread fear either.
08:59Hopefully, foreign investors can return to the BRI stock.
09:03If you look at the stock,
09:05actually for those who want to take momentum,
09:09I haven't dared to recommend it
09:12because we don't know what the clear effect is like for BRI.
09:16Okay, is there a connection between the pulling of funds from Muhammadiyah
09:19and the planning of the establishment of the Muhammadiyah Bank?
09:22Mr. Yosef, in short.
09:24To be honest, I don't know.
09:26Because I'm not part of that.
09:31Okay, for BRI today, there is quite a lot of pressure,
09:34where it weakens to 9%.
09:36And again, the decision to invest
09:38is still in the hands of the investors of IDX Channel.
09:40We will discuss more later, Mr. Yosef.
09:42We will try to see what side effects are recommended.
09:44We will be back in a moment.