"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Jumat (26/04/2024) dengan Tema Analisis IHSG dan Rekomendasi Saham Pilihan di Akhir Pekan".
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00:00 We also present some economic agendas that can be the focus for today.
00:05 From the United States and the Central Bank.
00:08 Then, the participants from the UK, Consumer Trust.
00:11 From Japan, Monetary Policy Statement.
00:13 From India, Deficit Savings.
00:15 From Australia, Producer Price Index.
00:17 Singapore, Industry Production.
00:19 From Thailand, Deficit Savings.
00:21 Meanwhile, the participants from the Emiten Agenda.
00:25 Toba, Stock Holders' Meeting.
00:28 From MCOL, Auto.
00:32 From TPMA, SDMU.
00:35 Then, the participants from ARNA, Cash Dividend Payment.
00:38 Roti, Cash Dividend Payment.
00:41 EAST, DPS Cash Dividend and SDRA, HM Distribution, etc.
00:47 We update the opening of the Asian Stock Exchange.
00:49 If we look at the participants from the US,
00:51 the compact is weakening as the economic growth data is below expectations.
00:54 We see if the Asian Stock Exchange is also weakening.
01:01 And it turns out that the weakening trend in the US Stock Exchange
01:07 is actually strengthening by 0.22%.
01:10 Singapore's strategic time is still down 0.07%.
01:13 South Korea's COSPI is up 0.82%.
01:16 Hong Kong's Hang Seng is also up 0.3%.
01:19 Indonesia's PTFE Security Development Head, Kenji Putrajaya
01:24 This morning, we will discuss with Kenji Putrajaya,
01:28 Head of Business Development, PTFEC, Indonesia's Security Development.
01:32 Good morning, Kenji.
01:34 Good morning, Mrs. Lisa.
01:36 Thank you for joining us this morning.
01:38 We will start with a positive sentiment from Kenji.
01:41 From the domestic, the financial report of quarter 1 has been released.
01:45 One of the interesting things is that Mark, a company that is moving in the field of handkerchief manufacturing,
01:51 its stock price has increased by 3 digits, more than 130%.
01:55 And it seems that it is appreciated in the past 3 consecutive days
01:59 where the stock price continues to rise, even yesterday it rose by 5%.
02:02 How is the investment strategy in Mark? It's a bit late, right?
02:07 If we talk about the term for investors or traders who just want to invest now,
02:15 it's a bit late.
02:18 But in my opinion, in the long term,
02:21 this is still possible for traders who are typically swing traders,
02:27 who are interested in the area of swing trading.
02:30 It's still possible.
02:32 Because now it's sideways,
02:34 and it's already established to be able to swing trade.
02:37 And the technical indicators have already given a signal to the Golden Cross.
02:44 The sideways is quite long.
02:46 Now, I think you can start investing in Mark.
02:51 Oh, it's still possible to accumulate?
02:54 It's still possible to accumulate at the current price.
02:59 At the current price?
03:01 Yes.
03:02 Even though it has risen by 5%, it can still be accumulated?
03:06 Yes, the range is still the same.
03:08 Maybe the entry price for you guys can be around 800-825.
03:13 And the closest target is 920.
03:16 The closest target is 900?
03:20 Yes, 920. 900-920.
03:23 Okay.
03:25 That's it for Mark.
03:26 What's interesting is that the demand and supply of handkerchiefs this year
03:31 has entered a period of normalization after we left the pandemic.
03:36 But it turns out, based on the notes,
03:39 the company's market cap in the first quarter of 2024
03:42 can be higher than in the first quarter of 2021,
03:46 which was only 69 billion rupiah at that time.
03:49 Even higher after the pandemic.
03:52 It means that the fundamental prospects of Mark
03:57 can still increase,
04:00 so that for the investment we buy now,
04:03 even though the price has risen,
04:05 but you said there is still a chance,
04:07 we can stay a little medium, is it suitable?
04:09 Mr. Genji.
04:10 That's right. For the term, it's more to medium to long term.
04:14 But medium term is also okay.
04:16 This is interesting.
04:17 As we discussed earlier,
04:19 we are starting to leave the COVID era and so on.
04:25 But what's interesting is that
04:27 in some countries,
04:29 the standards are still being improved,
04:33 especially in the field of F&B and health.
04:36 So, apart from the COVID era,
04:39 there is a demand from the industry,
04:43 such as F&B and health.
04:46 And also because the majority of Marks
04:50 are in the export.
04:52 Of course, the course value is also supported
04:56 for this medium term.
04:58 So, if we know, rupiah is still in the market.
05:01 Okay, we know that most of the products
05:05 are intended for export.
05:08 And what's interesting, Mark,
05:09 as the largest market holder,
05:11 about 40%, not in Indonesia,
05:14 but the market share in the world.
05:16 So, it's very beneficial with the exchange rate of rupiah
05:18 which is weakening to 16,000,
05:19 as Mr. Genji said.
05:21 If so, the support that needs to be respected,
05:25 is anticipated if there is a reverse direction.
05:28 Right now, at 815,
05:30 Mr. Genji, what level?
05:32 For the support,
05:34 the support is in the 745 area.
05:38 740, 745.
05:40 So, if you collect now,
05:42 and it turns out that there is a weakening,
05:44 then continue to correct,
05:45 you can stop loss in that area first.
05:49 Okay, if you have reached the resistance level
05:52 in the range of 900, 920,
05:54 what is the next target, Mr. Genji?
05:56 The nearest target is actually for the long term.
06:00 This is for 920,
06:02 for the medium term, for the swing.
06:04 So, for the long-term target,
06:06 it's in the 1000 area.
06:08 But according to the notes,
06:10 after the break of 920,
06:12 it is also strong to pass the 960, 970 area.
06:18 Okay, and it was once at the highest level, 1380,
06:21 that is the highest level in the last three years.
06:24 And the second highest level is 925.
06:28 Okay, that's the recommendation for March,
06:30 this is the Q1 energy that is very hot.
06:32 We still want to discuss about Q1 energy from the bank.
06:37 There is also BBRI, right, sir?
06:40 Which has been released.
06:42 BBRI, right, has been released,
06:45 the financial report has also increased.
06:47 But it seems not as significant as BCA,
06:52 then there is a slight delay,
06:54 it has increased but not too big.
06:57 What is your take on this BRI?
06:59 That's right, the market expectations are quite high,
07:04 especially for BRI.
07:06 But if we look at the last two or three years,
07:09 it's true that this bank is already quite peak.
07:12 For the fundamental side, if I speak.
07:15 For BRI itself, it's actually not too bad.
07:18 It's pretty good,
07:20 but they have a loss savings.
07:23 So it's really stuck there,
07:26 in the current position.
07:28 Because the CKPR has increased by 69.2% year on year.
07:35 But what's interesting is that
07:37 liquidity is also quite good for BRI now.
07:41 So from the credit distribution,
07:44 we expect that in 2024 there will be an increase.
07:49 Maybe not in Q1, but in Q2 and Q3,
07:53 I think there will be an increase and improvement from BRI.
07:57 Okay, in these quarters,
07:59 it's not too significant,
08:01 but there are still other quarters,
08:03 Q2, Q3, and Q4,
08:05 which can be affected in those quarters.
08:07 It's usually like that,
08:08 in Q1 it's a bit slow, first of all.
08:10 That's right, especially this year we are still in the political year.
08:15 So for the banks,
08:18 the sensitive ones are not too close.
08:21 We expect that in Q2 and Q3, it will be more significant.
08:26 Okay, we reported that the BRI's interest rate
08:29 recorded around 2.45% annually,
08:32 with the net profit of 9.7% year on year,
08:36 to be Rp35.95 trillion.
08:40 Meanwhile, the BRI's net interest margin
08:44 seems to have dropped from January to March 2024,
08:47 with the net profit of 6.59%
08:50 and last year it was 6.67%.
08:54 What are your recommendations for the BRI, Mr. Kenji?
08:58 For the BRI itself,
09:00 I have discussed it in the last meeting.
09:04 For those who are in the long term,
09:09 it's still worth it to collect the banks' shares.
09:13 The BRI's correction was also caused by the sale of foreign currency.
09:19 So if you have funds to save a bit longer,
09:24 and you can get the dividend, it's still an interesting option
09:27 to enter the current area, from Rp5100 to Rp5150, it's still okay.
09:31 It's still okay to buy the BRI at the current price, right?
09:34 That's right.
09:35 Okay, and one of the obstacles to the growth of the stock market
09:39 is the stock market's surplus that has been increasing.
09:41 The reduction of the value, or CKPN,
09:44 of Rp12 trillion, increased by 69.25% year-on-year.
09:48 Mr. Kenji, too.
09:50 Okay, we'll leave the information about the stock market,
09:53 and the BRI, and other sentiments, Mr. Mirsa.
09:57 And while we're finishing up,
09:59 stay tuned on the Market Pass segment.
10:01 Thank you, Mr. Mirsa, for joining us again
10:03 on the Market Pass segment.
10:05 We'll continue discussing with Mr. Kenji Putrajaya,
10:08 Head of Business Development, PTF, Indonesia's Security Agency.
10:11 But first, we'll show you the recommendations
10:14 of the stock that we've summarized in this graphic.
10:17 The complete data is as follows, Mr. Mirsa.
10:20 Mr. Kenji recommends stocks like BCA.
10:25 It's recommended to buy the accumulative stock
10:27 with the entry price of Rp9,750 to Rp9,775.
10:30 MDKA buys on weakness.
10:32 Entry price Rp2,420 to Rp2,450.
10:36 Harum, entry price Rp1,320.
10:39 DRMA, trading buy, Rp9,500 to Rp9,650.
10:43 There are many strategies that can be done.
10:45 There are accumulative buy, buy on weakness,
10:48 trading buy, and also trading buy.
10:51 Okay, these four stocks, Mr. Mirsa,
10:53 are the ones that we recommend to review.
10:55 One by one, the trading surface will be clear in about 7 minutes.
10:58 Mr. Kenji.
10:59 We talked about banking earlier.
11:01 There's the BRI, you said,
11:02 it can still be at this current level for buy accumulation.
11:06 But it turns out you prefer the BCA stock.
11:10 For BCA,
11:14 the technical is interesting.
11:16 For the Q1 of 2024, it's also good.
11:21 Highlight, what I want to highlight is fundamentally,
11:24 if we talk about BRI,
11:26 we talked about the fundamentals, it's also quite okay.
11:29 For BCA, the credit allocation is far more than expected.
11:35 So, it's about 17%,
11:38 if you look at it, it's above the average industry.
11:41 This is also a good performance,
11:44 if we can see BCA in Q1 of 2024.
11:48 Actually, it's not too good for the banking sector,
11:52 for Q1 in the political year,
11:54 but BCA is okay.
11:56 The fundamentals are good,
11:58 the dividend is also okay,
12:01 so I still recommend BCA.
12:04 Okay, BCA, buy accumulation,
12:07 9750-9775.
12:10 Then,
12:12 we see BCA,
12:14 the last trade was closed at 9775,
12:16 it means the current price, right, Mr. Kenji?
12:19 The current price can still go in,
12:21 9750, if maybe a slight correction,
12:24 the issue can still be accounted for.
12:26 There is a target you give at 10,300,
12:29 but there are also many opinions that
12:32 BCA for the short term,
12:34 it seems that the increase will not be significant,
12:37 maybe in terms of the price,
12:39 but it turns out that Q1 is still quite,
12:42 it can be said to be quite solid, Mr. Kenji, right?
12:44 Quite solid, for the target,
12:48 BCA, that's why my strategy is not to trade well,
12:51 but more to buy accumulative,
12:53 so that we can collect,
12:55 hopefully, because the price is also quite premium,
12:59 we can collect,
13:01 for the long term,
13:03 let's say, medium term to long term,
13:05 especially while waiting for the dividend,
13:07 around 10,000 more,
13:10 10,300 can already take profit.
13:12 Okay, there is support at 9,325 for BCA.
13:17 Let's continue to the second recommendation,
13:20 which is related to gold,
13:23 MDKA, buy on weakness.
13:25 Is it as interesting as MDKA,
13:27 so it must be collected at the lower level?
13:30 Okay, if we look at it,
13:34 Mrs. Prisa, now it's not necessarily geopolitical,
13:37 once again, there must be a sector that
13:40 gets negative sentiment,
13:42 and there is a positive sentiment.
13:44 When it's not necessarily macro,
13:46 like this, usually,
13:48 the commodity sector, especially the safe haven,
13:52 becomes even more interesting,
13:54 because it's more secure,
13:56 more low risk,
13:57 especially investment products,
13:59 whose risk mitigation is medium to high,
14:03 for example.
14:04 But, gold is still quite good for MDKA,
14:09 technically okay,
14:11 and besides gold,
14:13 there is also nickel,
14:15 even though it's not too much.
14:18 The sentiment is also the commodity of nickel itself,
14:21 even though the price is quite high,
14:24 but from the industry side,
14:27 it's interesting,
14:29 because the demand is increasing,
14:30 because the US has also implemented
14:33 trade restrictions
14:36 on metal products from Russia,
14:40 such as aluminum,
14:41 copper, and nickel, one of them.
14:43 So, we hope the impact will affect
14:49 the MDKA's emittance.
14:51 Okay, in the last month,
14:53 the strength was 11.5%,
14:55 but in the last week,
14:57 the decline was also 10%.
14:59 Is this more suitable for the timeframe?
15:02 How long, Mr. Genji?
15:03 For MDKA,
15:06 I'm more into trading buy,
15:08 so it's more of a short term,
15:10 more of a short term.
15:12 Because the sentiment is also short term,
15:15 the sentiment is also external.
15:18 There is an entry price of 2420-2450,
15:22 then it is recommended with a target of 2710,
15:27 the closest,
15:28 support at 2290,
15:29 resistance at 2570.
15:31 Is that right, Mr. Genji?
15:33 Yes, that's right.
15:34 Okay, closest 2570,
15:36 then 2710.
15:37 Just trading for MDKA.
15:40 Then, Harum is also recommended as a trading buy.
15:44 Yes, for Harum itself,
15:47 from NRG, it's quite interesting
15:49 because I'm more into strategy,
15:52 the manoeuvre strategy from the emittance itself.
15:54 So, from the emittance, it will sell,
15:56 if I'm not mistaken,
15:59 more or less 49% of the shares
16:01 are sold to Hong Kong-based investment companies.
16:04 But the majority is still,
16:06 the portfolio is still held by Harum.
16:08 So, what are the benefits
16:11 if the strategy request is like that?
16:13 The obligation burden is reduced,
16:15 while still being held by the majority.
16:19 So, it's quite for the reduce cost.
16:23 And also, technically,
16:25 from Harum itself, it's quite interesting.
16:27 Now, technically,
16:30 it has just risen from the support area.
16:34 So, this is also for swing trades,
16:36 from short to medium term for Harum.
16:40 Alright.
16:41 So, the information is,
16:43 Harum NRG will sell a maximum of 49% of the shares
16:46 to two businessmen from Hong Kong-based investment companies.
16:49 There is an internal,
16:50 Shing Hen,
16:51 where the two businessmen from Harum
16:53 are moving in the mining and nickel management field.
16:56 That's what you said earlier,
16:57 actually, the share is still dominated
17:00 for Harum itself,
17:02 because the maximum is only 49%
17:04 that is being sold.
17:06 Still a majority.
17:08 Okay.
17:09 Harum, you said the entry is at 1,320,
17:13 that means the current price,
17:14 because the closing yesterday was 1,320, right?
17:16 Yes, for the current price, it's still okay.
17:19 There is a target at 1,575,
17:21 but the closest one was maybe 1,470, right?
17:24 For the short term.
17:26 1,240 as a support for the shareholder.
17:29 And if we look at the performance of Harum,
17:32 in the last week, it rose 2.33%.
17:36 Okay, we leave Harum.
17:38 Lastly, there is DRMA.
17:40 You also recommended trading buy.
17:42 Yes, for DRMA itself,
17:45 the technical is interesting.
17:47 This is indeed for the very short term,
17:49 for friends who have a very short trading period.
17:53 But the fundamentals themselves are good.
17:56 So they have a new public
17:58 that has just been operated in the projection,
18:00 which is Q2 and Q3 of 2024.
18:03 But some of the strategies themselves
18:08 and also the potential of their entry
18:13 from DRMA itself as a battery district for Hyundai.
18:19 So, what else do we know,
18:21 the current RRTBIL or EB vehicles
18:24 are quite a lot,
18:27 or are rising,
18:30 I think it's a positive sentiment for DRMA.
18:34 Okay, DRMA can be entered at Rp9.50-Rp9.65.
18:39 Target Rp1.80, support Rp9.10, resistance at Rp10.20.
18:45 And an update from DRMA this morning,
18:47 because the first trading session has started,
18:50 it dropped 1.04% to Rp9.55, Mr. Kenji.
18:54 What are your thoughts?
18:56 It's still delivered entry,
18:59 because the range for entry is in the RRTBIL area,
19:02 from Rp9.50-Rp9.55,
19:04 so we can still enter.
19:06 Okay, support at Rp9.10, right?
19:09 Correct, support Rp9.10 and resistance at Rp10.20.
19:13 Okay, it's still at the very beginning of the trading session,
19:17 but I want to say that the EHS is still weak,
19:20 0.27% at Rp7.138,
19:23 or 17 points down.
19:26 Maybe we will go further, Mr. Kenji.
19:29 Also, yesterday there was information about the latest order from the LQ45 stock.
19:34 There is AMMN, then ISAT,
19:38 then PTMP and EMTK are out.
19:42 We will cross-check the stock later,
19:44 what will it be like yesterday,
19:45 the one that came in was strong, the one that came out was weak.
19:48 Don't worry, viewers,
19:49 stay with us in the marketbuzz segment.
19:51 Thank you, Mr. Mirsa, for being with us.
19:53 Before we continue our discussion with Mr. Kenji, Mr. Mirsa,
19:57 let's first look at the trading opening update in the first session this morning,
20:00 where, as I said earlier, the EHS is still weak,
20:04 and until now, the weakness is getting bigger,
20:08 0.35% at Rp7.136,
20:13 or 18 points down.
20:15 An update on the exchange rate of the US dollar,
20:18 which is making Mr. Mirsa stronger.
20:21 We will cross-check the weakness, 0.45%
20:24 at Rp16.200,
20:26 or Rp16.204.
20:28 Next, the Samsung stock, which is gaining based on value.
20:31 Mr. Mirsa, among them, there is Polu, or Golden Flower,
20:35 up 12.87%,
20:37 ISAP up 11%,
20:40 ATLA up 8.7%,
20:42 TFAS also up 6.5%,
20:46 then there is NASI, AHAP, GRI, AHOK, KOKAT,
20:50 BEVIN, and BAJA.
20:52 Losers, Mr. Mirsa, are PTIS, MHKI, SMLE, PTMP, DRMA, ARCO, and PFA.
20:59 These are data based on gainers and losers based on value,
21:03 at the very first minutes, the first 5 minutes of the trading session.
21:09 Mr. Kenji, let's continue with the index of the joint stock price.
21:13 Why is it weakening? We saw that the Asian stock price is stronger,
21:17 except for the Singapore stratum, which was also weak, 0.07%.
21:21 What makes IHSG still here, not going anywhere?
21:27 Okay, from Asia, it is stronger because they have already issued a correction,
21:34 so there is already pressure from outside,
21:36 on our domestic market.
21:38 From IHSG, there are several strategies,
21:43 meaning, one of the stimulus is to hold the value of the rupiah,
21:53 so that it doesn't go deeper,
21:55 this is one form of preventive for our own market.
22:00 From macro, especially the US market,
22:07 it is not attractive,
22:09 so investors usually direct the assets like gold.
22:16 This is what we discussed today,
22:20 hopefully it can open up that in the middle of IHSG,
22:25 maybe there is a little bit of a slump,
22:27 and geopolitical factors that are still uncertain,
22:31 in our market, for medium to long term,
22:36 there are many mutual funds that can be a C,
22:39 the fundamentals are quite good.
22:41 Okay, including the emittance, which is related to LQ45,
22:46 yesterday there was a new list of various indexes,
22:50 including the LQ45 index,
22:52 which is the MMMN and ISAT.
22:55 If we look at these two, yesterday it was strong,
22:57 but if I cross-check the MMMN this morning,
23:00 it was weak, 1.32%,
23:02 then ISAT is still stagnant.
23:07 How do you see these two emittances?
23:10 The new arrival in LQ45 is quite interesting,
23:14 in terms of valuation,
23:15 both of them are quite premium in terms of price.
23:21 But technically,
23:23 yesterday some of my friends asked me
23:27 about the safe and ISAT case.
23:32 Technically, I haven't made any comment yet,
23:35 because technically it's already a resistance area,
23:40 and it's safe this morning,
23:42 the correction is thin,
23:44 and the level of resistance is already there.
23:46 So for long-term investors, medium or long-term,
23:51 it's an option to come to LQ45.
23:55 I think it's better to wait and see first,
23:57 and then decide whether to go to the middle or the upper.
24:01 Okay, because the performance is quite high,
24:05 so you see that this must be waited and see first,
24:08 don't be chased,
24:09 because just last week,
24:11 the MMMN has risen by 5.63%.
24:14 If we talk about the year-to-date,
24:16 from the beginning of the year until yesterday,
24:18 it has risen by 43%.
24:19 So it's a wait and see, right?
24:21 The strategy is correct for this new arrival.
24:25 Okay, and the PTMP is out,
24:28 the weakening of the weekly earnings,
24:30 the merit is weakening,
24:31 then there is also the MTK,
24:33 the weakening of the earnings.
24:34 I will try to look at the stocks that became gainers this morning,
24:38 according to the weakening of the EIC,
24:41 the biggest contributor is the benefit from BRI,
24:44 3%, Telkom 1.32%, Bangmandiri, BBCA.
24:49 What is interesting, what is strong is TINS,
24:51 Tima TBK 4.17%.
24:54 What is your recommendation about this Tima?
24:58 If we look at TINS,
25:01 from the beginning of March until yesterday,
25:03 the increase was quite significant.
25:05 So yesterday, in April-April,
25:09 the correction was quite deep.
25:11 I see the market players are starting to get interested,
25:15 because technically it's already good enough
25:17 to be able to enter,
25:19 to reach the previous highest target.
25:22 It's technically interesting.
25:24 Okay, is there still a next target?
25:26 After 8.80, if we buy,
25:28 do you see there is still a range,
25:31 quite interesting for upside?
25:33 There is potential upside,
25:36 in the area level 1.500,
25:39 it's expected,
25:41 technically,
25:43 you can expect to reach the top of the bowling area,
25:49 the current position is around 1.000-1.500.
25:53 Okay, that's the recommendation for TINS,
25:56 there is still an upside up to 1.000.
25:58 Maybe a limit on the loss if we enter the current price level,
26:01 what is your position, Genji?
26:03 For now, for the support area,
26:07 if it's already broken,
26:09 in 7.30,
26:11 I think you guys have to be careful,
26:13 because there could be a correction.
26:15 Okay, that's it.
26:17 And what's interesting is Unilever,
26:19 after reaching the lowest level in a long time,
26:21 maybe considered quite cheap,
26:23 it's rising again in the last few days, Genji.
26:25 This morning, Unilever still rose 3%
26:27 in 2.720.
26:30 Okay, last, Genji, any tips for the viewers?
26:33 Okay, for the current situation,
26:38 macro in America is not good,
26:40 global too,
26:41 biopolitics is not good,
26:43 so we are heading to the term of investment,
26:47 especially in SAAM,
26:48 the fundamental is good,
26:50 the short-term trading is too short,
26:53 but more to the medium to long-term,
26:55 the fundamental and prospects for 2024.
26:59 Thank you, Genji.
27:01 I always share the information for you.
27:04 See you again.
27:06 Thank you, Lisa.
27:07 [Music]
27:10 [BLANK_AUDIO]