"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Selasa (04/06/2024) dengan Tema Saham Pilihan di Tengah Capital Outflow Asing".
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00:00Next, we will look at the economic agenda of the United States.
00:03There is data on factory ordering.
00:05In the UK, there is a survey on retail sales.
00:08In Germany, there is a survey on unemployment.
00:11In Switzerland, there is a survey on consumer price index.
00:14In South Korea, there is a survey on consumer price index.
00:17In Australia, there is a survey on retail sales.
00:20The agenda that we will discuss today is
00:24Fuji, Mika, Awan, RGAS, TD, ISAT, ITIC, and SPIN.
00:44You can watch the opening of the Asia-Pacific Stock Exchange on television.
00:56Nikkei opened at 0.58% at level 38,697.67.
01:01STI Singapore opened at 0.08% at level 3,346.16.
01:08Then, KOSPI Korea opened at 0.55% at level 2,667.69.
01:14And Hang Seng Hong Kong opened at 1.79% at level 18,403.04.
01:27And right now, we are connected via video conference.
01:29There is Mr. Arya Santoso, President Director of CSA Institute.
01:32Good morning, Mr. Arya.
01:34Good morning, Mr. Wiki.
01:36Thank you for joining us, Mr. Arya.
01:38I hope we can get along well, Mr. Arya.
01:40Yes, amen. I'm very happy to be able to join today.
01:42Okay.
01:43Let's talk about the weaknesses of ESG or maybe Samsung.
01:47Let's talk specifically about Samsung, which has experienced a deep decline
01:51like during the COVID-19 pandemic.
01:53Actually, what is the cause?
01:56Is there a fundamental reason behind it?
01:58And how technically can this be used to enter Samsung,
02:03which has been discounted a lot, Mr. Arya?
02:06Yes, in this capital market, there are always ups and downs.
02:10But this time, we see that there is a deep decline.
02:14So actually, there is a chance to get a cheaper stock price.
02:19We see that there are several factors such as geopolitical tensions.
02:25We also see how there is a high flow rate.
02:28And for the time being, it is maintained in several countries
02:32to maintain so that there is no outflow.
02:34So we see that foreign investors are also interested in their capital
02:39to be able to return and maintain their liquidity in their home country.
02:44Because of that, there is a pressure in the market
02:47on stocks that are quite liquid, especially big caps.
02:52Then this is an opportunity.
02:54Actually, technically, there are several stages
02:57that can be used as a support area to be able to enter gradually.
03:01Which stocks seem to be temporarily released by foreigners
03:06and have fallen quite a lot and can be used to enter, Mr. Arya?
03:11Yes, we see that banks such as Samsung,
03:14which is the main weight that is quite large,
03:17its contribution to the index of the joint stock price in Indonesia,
03:21which is fundamentally quite good.
03:23We see that there is a rebalancing portfolio too.
03:27So it looks like with a capital gain that is quite sufficient,
03:30they will take advantage or divert some of the stocks in their portfolio.
03:38So when they sell, it becomes a pressure.
03:41So one of them is a fairly large bank,
03:45its weight towards the joint stock price index.
03:47It can be an option.
03:49Is it fair or is there a selective buy, Mr. Arya,
03:54for Samsung based on the capital released by foreigners yesterday?
03:57Yes, we can, according to our own risk tolerance,
04:01but I notice that large banks such as BCA, BRI, Bank Mandiri, BNI,
04:08can also be used as an option.
04:10On average, it's quite good.
04:13With Samsung, which does experience significant weaknesses,
04:17this is also a concern of investors.
04:20Another thing that is also a concern is related to investors
04:23who launch protests,
04:25such as the One Call or Full Call Auction policy.
04:28What is your response?
04:30Once again, as an education to the public,
04:33what are the implications for the issuer or the stock
04:36when this policy is implemented?
04:39And what is the concern from an investor's point of view, Mr. Arya?
04:44Indeed, investors feel that this is difficult,
04:47that the transaction is difficult.
04:49Second, why is the price so unnatural,
04:52while this is continuous?
04:54The call auction is open for an hour.
04:57But we actually feel this is difficult
05:00because the mechanism is new for investors,
05:03so they are not used to it, so it feels difficult.
05:05Actually, the difference is in the trading method,
05:08which is not the same as usual.
05:09Although the mechanism has actually happened
05:11at the beginning or at the end of the session,
05:13such as pre-closing or pre-opening,
05:16we are used to doing the call auction,
05:20so the price formation.
05:21The only difference is that there are about five times a day.
05:25As if we experience it like pre-closing or pre-opening.
05:31The price formation mechanism is actually similar,
05:33but because it's not continuous, it's not open,
05:35it's a bit over as usual,
05:37so it feels as if it's not transparent.
05:41As if it's weird, the mechanism is weird.
05:46But there is also a good thing,
05:49there is a special audience board,
05:51there is an FCA, there is a full call auction.
05:53So indirectly, there is a filter.
05:55So for those who want to avoid or measure the risk,
05:59they can see that this is using FCA,
06:02using a full call auction.
06:03There is a continuous call auction.
06:05They can choose,
06:06oh, it means we don't touch the shares that enter the FCA,
06:09just enter the shares that have a continuous call auction.
06:12That is also one of the filters.
06:14So there is something weird,
06:17but there is an advantage that can be a filter for investors.
06:21It means that there are benefits that can be used by investors.
06:25The implementation of a special audience board
06:27aims to provide a special segmentation
06:30that is in line with the investor's investment setting
06:32and increase stock liquidity
06:35under certain conditions
06:36as an effort to increase investor protection
06:38in the Indonesian stock market.
06:39Okay.
06:40Related to this policy,
06:42what is affected is the brand.
06:44We will discuss specifically in the next segment, Mr. Arya.
06:48We will be right back.
06:53Thank you for joining us.
06:54After continuing the discussion with Mr. Arya,
06:56we will take a look at the movement level of ISG
07:01from the opening a few minutes ago.
07:03And ISG so far is moving weakly, 0.78%.
07:07At level 7091.295, it continues to move, of course.
07:12And the same goes for Top Genes.
07:14So far, there are PSDN, Suri, Care, PTRO, Buka, PV, Atla, MAPI, and also Film.
07:21Meanwhile, Top Losers, there is INEP, NZIA, Dewa, HUMI, CHEM,
07:27then DNAR, RGAS, and HAJJ.
07:31Okay.
07:32This is an update from the ISG program
07:35from the opening of level 71 a few minutes ago
07:37until now.
07:39We will continue the discussion with Mr. Arya.
07:41Mr. Arya, let's continue the discussion.
07:43We have discussed your choice of stocks.
07:46Two stocks have been discussed.
07:48Then in this segment, we will discuss about auto and also SMRA.
07:52Auto, first of all, I recommend you to buy.
07:56What is the auto analysis like?
07:58Okay, we pay attention that auto is indeed one of the emitters
08:03where we see it as a support in the automotive sector
08:07which has now rebounded.
08:11We see that the price is relatively cheap from Rp3,620.
08:16At the moment, it is back at the Rp2,000 level.
08:20It is said that the earning has always grown from year to year
08:25and is quite optimistic.
08:26At the current level, it can be collected
08:28and for investors, it can be bought at the current price level.
08:33It is estimated that it will probably rise again to the price level of Rp2,400.
08:38So there is an upside of about 20%.
08:41Finally, at the level of Rp2,020, it is quite interesting
08:46to be able to enter the level of support from the auto itself.
08:50From the auto, we go to the last stock that you recommended, SMRA.
08:55What is the recommendation like, Mr. Arya?
08:59SMRA is also a leading stock in the property sector.
09:04We see that the property sector, although there is no aggressive upside,
09:08but it can be said that there is an interesting consolidation
09:11at the Rp500 level to the Rp700 level for SMRA.
09:15The earnings have also grown.
09:17For investors, it can be bought at the current price level
09:20and there is a possibility of a shortening to the Rp580 level.
09:25Okay, those were the recommendations this morning.
09:27There is BBRI, INDF, then there is also auto and SMRA.
09:32A little bit about the ISG movement review.
09:35Today, the ISG movement projection is the same as the trading meeting.
09:39Later this afternoon, Mr. Arya, what do you think?
09:41Yes, we see that today there may be quite a good boost.
09:45The resistance level is 7142 for today.
09:48For weakening, if there is still weakening, the support level is 6970.
09:53But there is still a possibility of further strengthening today
09:57and it is sufficient to maintain consolidation in the area.
10:00Okay, those were some of the discussions related to the FCA.
10:04Then there are also side by side and analysis on the ISG this morning.
10:08Mr. Arya, thank you for joining us.
10:10Hopefully you can be a reference for investors in the Indonesian real estate market today.
10:15Good luck to you. I salute you, Mr. Arya. See you.
10:17Thank you, Mr. Wiki.
10:23Thank you, Mr. Wiki.