Saham BREN Naik 40 Persen Sepekan, Bagaimana Fundamental dan Rekomendasinya?
Saham BREN masih jadi sasaran beli utama investor asing ditengah kenaikannya yang sudah capai 40% sepekan.
Terbaru, pihak BREN menyatakan telah menyelesaikan akuisisi Sidrap 1, pembangkit listrik tenaga angin pionir di Indonesia dan pihaknya belum memiliki rencana aksi korporasi dalam tiga bulan mendatang.
Terbaru, pihak BREN menyatakan telah menyelesaikan akuisisi Sidrap 1, pembangkit listrik tenaga angin pionir di Indonesia dan pihaknya belum memiliki rencana aksi korporasi dalam tiga bulan mendatang.
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TVTranscript
00:00 We ask for the latest NRG from Mr. Joko Pangestu, PT Baruto Renewables, or BREN,
00:06 to provide an explanation to Bursa Efek Indonesia regarding the volatility of stock transactions.
00:11 In the last week, the share price of BREN has fallen above 30 percent.
00:15 And as we know, Bursa Efek Indonesia has given a strong warning to the company
00:20 because there has been an increase in the stock price beyond normal or UMA.
00:24 And recently, the BREN said it has completed the acquisition of Sidrap 1,
00:29 the pioneer wind power generator in Indonesia,
00:32 and has not yet had a plan for corporate action in the next three months.
00:36 And how?
00:37 Fundamental Analysis of BREN and other companies,
00:40 we will discuss in the market buzz segment this time.
00:44 Before we review, we present some economic agendas that should be considered.
00:52 Among them, from Japan, there is the International Japanese Commission,
00:55 then from Malaysia, the King of Trade Malaysia, and a reserve in Visa from India in the US dollar.
01:01 From the United States, the position of the reserve in the Federal Reserve Bank.
01:05 While the bearer of the Agenda Emiten, there is RUPS from KOKA, DGNS, INKO, ACST, and also HALO.
01:13 And there is also a distribution of HMETD from the Emiten Karya, namely WIKA, FREN, distribution of HMETD too.
01:20 And HMETD from PYFH, Roti Cash Dividend, BNGA, BNLI, LPPF, CNMA, there is Ex-Dividend Tunai,
01:29 BCBR Ex-Dividend Tunai, and several other Agenda of the bearer,
01:33 such as BTPN, Cash Dividend Payment, BTPS, Cash Dividend Payment, and ESA, Cash Dividend Payment.
01:40 There are about 17 Agenda Emiten that we highlight this morning.
01:46 The complete data update from the Asian Stock Exchange can be seen on the viewers' screen.
01:50 It can be a reference for the image of the trading opening in the first session.
01:57 Nikkei dropped 0.49%, Nikkei Japan dropped quite deep this morning.
02:04 Stratum dropped 0.24%, KOSPI dropped 1.41%, Hang Seng Hong Kong dropped 0.85%.
02:13 [Music]
02:19 To discuss the market this morning, we have Mr. Raden Bagus Bimafon from Warcop Stock Exchange.
02:26 Mr. Raden, how are you?
02:27 I'm fine, ma'am.
02:29 Thank you for joining us.
02:31 Good morning.
02:32 Good morning, Mr. Raden.
02:33 We will go to Telekom first, because this is a stock of 1 million people,
02:39 because it has a large capitalization, and a red plate.
02:43 How do you see the performance of this quarter, which is tending to decline,
02:46 but the income is slightly rising, slightly above 3% year-on-year?
02:50 If we look at the Telekom movement in the first quarter, especially the stock price movement,
02:57 the market sees the current condition compared to the Telekom performance,
03:03 which was only a little down, but was responded by a drop in the stock price,
03:07 which in my opinion has dropped deeper than the drop in the EPS or the stock exchange in 2023.
03:15 The drop in the stock price can be imagined from 4,200, the highest in early February yesterday,
03:21 then in the closing yesterday it was 3,250.
03:24 So the decline in my opinion is quite excessive,
03:28 compared to the stock exchange, which dropped only a little in the announcement of the financial report yesterday.
03:35 So in my opinion, the movement of the stock price of Telekom, which has been discounted 21% since early February yesterday,
03:42 of course this is a rather interesting figure,
03:44 considering the income that is the main trigger in Telekom is still growing.
03:51 So we can still hope for quite a lot later in the second quarter for the Telekom stock.
03:55 I recommend that we accumulate for the Telekom stock.
03:58 Okay, accumulation. But if you look at it, you said it had dropped by about 20% since February,
04:05 and was at the previous level of 3,250.
04:09 But in the last few times, 3,250 is not the lowest level.
04:13 It was recorded that the last year was 3,110, the lowest, and it still became the lowest level in the last week.
04:22 Is there a possibility of testing 3,110, which means when we accumulate, we can buy until 3,110?
04:30 Right. So Telekom is still in a selling pressure right now.
04:35 So for investors who, in my opinion, have quite a large fund capacity,
04:40 we can just accumulate for the Telekom stock at level 3,100,
04:45 or even at level 3,000, in my opinion, this is still the level of purchase that is expected by long-term investors.
04:52 If Telekom is given a correction to level 3,000, we can accumulate with a larger amount, in my opinion.
04:59 Okay, this is interesting to be accumulated by long-term investors.
05:05 Okay, there is strong support at level 3,000, which is the lowest in the last three years.
05:10 Is that right, Mr. Raden?
05:12 Yes, that's right.
05:13 What about the short-term opportunities for Telekom?
05:16 For yesterday, there was a gap for some Telekom.
05:20 So in my opinion, for the next few weeks or in the next few weeks,
05:24 Telekom still has a chance to test at level 3,400.
05:28 This is the level to close the gap that occurred on Tuesday yesterday.
05:34 However, we cannot deny that if the global condition has not improved,
05:40 or even if our IHSG position is still not in a positive direction,
05:45 Telekom may not close the gap, but even directly experience a correction to level 3,000 or level 3,100.
05:52 Okay, so it depends on whether it will strengthen the gap.
05:57 If it strengthens the gap, if it breaks, it can be without a position, right?
06:03 That's right, but it still tends to lean more towards weakening.
06:09 After reaching 3,400, I recommend that you sell on strength first for Telkom.
06:14 Okay, the range is a bit narrow.
06:16 First of all, this is for the short-term, for Telekom, with a range of 3,400,
06:21 if it reaches that level, sell on strength first.
06:24 If for long-term investors, 3,400, what should be done?
06:29 In my opinion, at level 3,400, we need to look first.
06:34 If it is at that level, we wait and see first.
06:37 Especially for long-term investors, we just wait until it reaches a better level.
06:43 For the base price level for the purchase, we wait until it reaches below 3,200.
06:48 Because at the moment, the selling pressure is still quite large.
06:51 I'm afraid if it goes up to 3,400, then we accumulate, there is still a potential for correction.
06:57 We should wait for the correction that happens below 3,200 for long-term investors.
07:04 Okay, but if it starts to accumulate now, if it goes back to 3,400, just hold it?
07:10 Correct.
07:12 Okay, what trend? You said earlier that it was still tending to go down,
07:16 but what trend pattern is formed from the technical Telkom?
07:20 If we look at the time span, it's a bit long, from 2022, the trend is still downtrend for Telkom.
07:28 However, if we look at the last six months, the position actually still has a chance to strengthen for Telkom in the next three or four months.
07:38 However, the big trend is still in the decline trend.
07:43 So if we look at the big trend, for investors, it's actually still quite okay, still quite comfortable.
07:48 Because at the support level, there is only a little more at the level of 3,000.
07:52 But if there is a correction in the current trend, we can still accumulate for the purchase.
07:58 Okay, so for Telkom, as soon as the energy is released in Q1 2024.
08:03 Then we turn to the Brand share, the share related to the latest energy.
08:08 This is still the main choice of foreign investors to hold the position of the top net foreign buy until yesterday.
08:16 And in the last week, it has risen by almost 40%, which is also made by the Indonesian EFE stock market, including UMA radar.
08:25 Actually, how do you assess the fundamentals of this brand share?
08:31 Actually, in addition to the answer that was given by the brand's anitain yesterday to the stock market,
08:39 that there is indeed acquisition, but on the other hand, I see that this brand is indeed supported by the rise,
08:45 because it is indeed a factor of strengthening the community sector.
08:48 Main communities that strengthen, which makes investors also see,
08:53 when the price of energy commodities is quite high, investors are attracted to renewable energy.
08:59 Energy that is cheaper and more environmentally friendly.
09:03 Therefore, when other communities are strong, investors see that this brand has a good potential.
09:11 So in the short term, in addition to the acquisition,
09:16 the brand is also supported by the rise in commodity prices, which makes investors also switch.
09:22 Have energy substitutions that go into the brand's stock market.
09:26 So this rise, in my opinion, is still to cover the short term for now.
09:32 Correct.
09:33 Oh, so you see that this brand is more strengthened because it is more expected from the market players,
09:40 along with the price of commodities and some sentiments at the moment.
09:44 Not more fundamental than the brand itself.
09:47 Remembering from the brand's side, saying that it has completed the acquisition of CIDRAP 1,
09:51 the pioneer wind power generator in Indonesia.
09:54 And said that the party has not yet had a plan for corporate action in the next three months.
09:58 So it is more expected from the market players to see this situation
10:03 in relation to renewable energy like the brand.
10:07 Right. So the status of UMMA yesterday, of course, this also shows the market.
10:11 Because the movement is quite significant, which happened in the brand's stock market,
10:14 even up to 40%.
10:16 If from a fundamental point of view, the brand is very good.
10:19 One of the new emitters that also gives color to the market is the brand.
10:25 But fundamentally, besides being supported by a strong group,
10:30 we can see from the price, from the financial ratio,
10:35 then if we compare it with several similar emitters from the financial ratio,
10:40 of course the brand cannot be said to be a cheap stock.
10:44 At the current brand level, even at the level that is almost all time high again,
10:48 this is a level that I think we need to be careful first.
10:52 This is for us to anticipate in a short time.
10:56 When the stock price starts to decline again,
11:00 for example at the price of around Rp 6,650,
11:04 at least for the brand, we can go back to that level.
11:09 Rp 6,650 can be accumulated again,
11:12 meaning buy on weakness for the brand for those who do not have it.
11:15 What if you already have it?
11:17 In my opinion, we can make a profit first for the brand stock,
11:21 considering the increase along with the price of UMA,
11:25 of course investors are also concerned about the stock.
11:28 But we also welcome the positive that the ME10
11:31 responds to the status of UMA with positive things,
11:34 but still an increase of 40% in a short time,
11:37 allows investors to make a profit first.
11:41 Okay, to think more calmly,
11:44 more rational to handle an EMITEN,
11:47 considering the brand is already very close to the highest level in its lifetime in 2075,
11:52 now Rp 7,925, maybe the range is a bit limited for those who just want to enter.
11:57 Okay, buy on weakness for those who are interested in the brand,
12:01 and we will review some other stocks,
12:03 but after the break, stay in the market bus segment.
12:06 Still connected through video conference,
12:09 with Mr. Raden Bagus, BMAL founder of Warcop Stock.
12:13 Mr. Raden, in the middle of releasing Kinerja Quartal 1 2024,
12:18 what is your projection, especially for the ME10-ME10 BKEPS first?
12:23 In my opinion, as I have said before,
12:28 that ME10-ME10 BKEPS, especially for the banking sector,
12:32 has a potential for a decline in the first quarter of 2024.
12:38 We see from the journey in January, February,
12:41 that the financial performance experienced,
12:44 there are those who are strong, but more prone to experiencing delays.
12:47 Even if you do not experience growth,
12:50 the minus is around -5% or up to level 10%.
12:54 Even if there is a boost, it is at least at level 5%,
12:57 plus 5% of growth in 2023.
13:00 There are many factors,
13:02 especially in addition to the weakening of the Rupiah,
13:05 then there are also some things that have been expected by investors,
13:09 such as the decline of flower prices.
13:11 In my opinion, this will have a greater impact in the second quarter.
13:15 I think investors are now waiting,
13:20 that in the financial report, even in the second quarter report,
13:24 this has a more decrease in tendency compared to 2023.
13:29 The tendency, especially for banking,
13:31 the tendency will decrease compared to the same period in 2023.
13:35 Correct.
13:36 But it will not be a concern for the rest of the year, right?
13:40 Mr. Raden, because usually the most leading banking in the year,
13:44 usually always record,
13:46 the first quarter does not represent the whole of 2024, right?
13:52 There is still potential in the other quarters.
13:54 That's right. We are waiting for the development from the global,
13:58 especially now that it has a lot of impact,
14:01 whether it's from the community or even from the flower tribe and also from the war,
14:06 which is still ongoing.
14:08 We see if the condition turns out to be better,
14:12 or it turns out that there are no bad things that happen.
14:15 I think the second quarter can be the bottom for the B-Caps.
14:19 The second quarter will be the bottom for the B-Caps,
14:22 so for those who are in the process of B-Caps,
14:24 hold on, wait for the second quarter?
14:27 That's right, until we see the global development.
14:30 Okay.
14:31 [Music]
14:34 [BLANK_AUDIO]