IHSG mampu bertahan di zona hijau naik 0,40% ke level 7.316,022 di sesi I Kamis (11/7). Tiga sektor dengan kenaikan tertinggi IDX-Trans 2,26% dengan TMAS +6,96%, dan SMDR +5,49%, IDX-Infra 1,42% dengan ISAT +4,55%, PGEO +3,98%, JSMR +3,91%. IDX-Infra tetap menguat meski BREN -2,54% dan -8,41% dalam sepekan.
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TVTranscript
00:00Thank you for joining us, and in this segment, we will review how the trading process is going on today.
00:06And we remind you again, you can still participate on WhatsApp Interactive on 08.12.8788.7723,
00:14as shown on your television screen later.
00:17And right now, we are connected via Zoom with Chris Aprilioni,
00:20who is the Branch Manager of Capital Security.
00:24We will go straight to him.
00:25Good evening, Chris. How are you?
00:27Good evening, David.
00:29Thank you, Chris, for spending your time on IDA Channel.
00:33Chris, today in Karagasam, Kabungan, the market is fluctuating.
00:37Just now, it was at 7328, moving to the red zone,
00:40and then back to the green zone.
00:43Level 7300, how many times has it been tested during today's trading?
00:47But again, like the previous trading days,
00:5073 hasn't been consistently maintained until the closing of the second session.
00:55Your analysis?
00:57Yes, as we can see, the ISK has increased significantly.
01:00From the lowest level yesterday, in the low area, at 6698,
01:04it continued to rise, there was no stop.
01:06Now it's still closed, it looks green, in the 7291 area.
01:12And it does look like 7300, because of the psychological number,
01:17and it's close to the resistance area too, in the 7322, 7319 area,
01:24which is a crucial area.
01:27So, if we look at it, because of the increase without correction,
01:31from mid-June yesterday,
01:34maybe there will be a side-west first,
01:37in this 7300 range, which will rise again later.
01:42Okay, Chris, how do you see the direction of the movement in Karagasam,
01:47especially for trading tomorrow, the weekend break.
01:51Right now, investors are still waiting for the release of PCE or PPI data from the US.
01:59Yes, if we look at it, with an increase like this,
02:03which is quite significant,
02:05the ISK from the bottom to today has risen by almost 9%, 8.8%.
02:11So, there will probably be a correction on Friday,
02:17but maybe the correction is not too big.
02:19Let's say, maybe there will be a correction up to 7250,
02:22then sideways back to the 7300 range.
02:25Meanwhile, it will still be raised like that, maybe for tomorrow.
02:29Okay, it looks like the speed of the Kargasam-Kabungan market today is not able to last in the 7300 range.
02:34It is also burdened by the speed of several P-CAP stocks.
02:37From infrastructure, there are brands, then there are also P-CAP banks,
02:40there is BBCA, which has undergone a deeper correction than other P-CAP banks.
02:45I want to go to the infrastructure sector first.
02:49Mr. Chris, this is quite interesting, sir.
02:51The infrastructure is identical to the brand, Mr. Chris.
02:54When the infrastructure requires strengthening,
02:56the brand makes a significant contribution at that time.
03:00However, the condition today is a bit different.
03:02The brand has undergone a fairly deep correction,
03:04even the intraday today was weakened by more than 3%.
03:07But the infrastructure sector, especially in the first session this afternoon,
03:11is the second strongest sector to become a supporter of the Kargasam-Kabungan.
03:15How do you see this?
03:17The attraction, magnetism, and resilience of the brand
03:20to support the infrastructure sector to this point, Mr. Chris?
03:25If you look at it, when the brand went up yesterday,
03:30the infrastructure index itself went up,
03:34even though other infrastructure shares fell.
03:37But if we look at it, with the decrease in other infrastructure shares,
03:41which is quite deep,
03:43where the token once touched below IDR 3,000,
03:46then the excel was also in the early IDR 2,000 area,
03:51so with the decrease in the current brand,
03:54it is also sustained by an increase in infrastructure maintenance
03:59which has fallen quite deep yesterday.
04:01How do you see the brand?
04:03Is the correction still quite normal
04:05after experiencing significant strengthening so far?
04:10In my opinion, it's time for the brand to re-correct.
04:15With an area of IDR 10,000, it's already quite expensive.
04:18Fundamentally, we see that in terms of PER and PBV,
04:22the brand is facing a very large overvaluation.
04:25So maybe the brand will slowly go down.
04:32Do you see that the market players today
04:36do not have the sentiment to be able to move the brand share back?
04:40Aside from the buying action carried out by the management,
04:44additional corporate action,
04:46usually close to the opening of the Indonesia Stock Exchange,
04:50then the market players are also more focused
04:53on waiting for the release of the second quarter of 2024.
04:57Actually, if we pay attention,
04:59it is not relevant for us to buy the current brand.
05:02With a fairly high valuation,
05:04compared to many other blue-chip emitters
05:10with a cheap valuation.
05:12So, in my opinion, there will be a shift
05:15from the investors who bought the brand yesterday.
05:18They will see that the price has started to be quite expensive.
05:22They will start looking for a fairly cheap emitter.
05:25With blue-chip, blue-chip is now in the cheap area.
05:28The dividend offered is also quite large.
05:31So, I think there will be a shift from the brand to the blue-chip area.
05:35So, the brand will probably go down
05:38and this will be replaced by other blue-chip that will go up.
05:42Still talking about the infrastructure sector, Mr. Chris.
05:45You said earlier that there was a balance
05:47from several other major emitters in the same sector.
05:50There is also Telkom, which is more likely to fit
05:52after being pressed quite deeply.
05:54ISAT today also went up quite high.
05:56How do you see the strengthening
05:58that is happening in the telecommunications infrastructure sector?
06:02Yes, if we look at it,
06:04today it seems that the infrastructure is quite good
06:07which supports the decline of the brand
06:09which makes the index still quite high.
06:13And as I said earlier,
06:16that the infrastructure itself
06:18the decline was quite deep yesterday.
06:21So, for now, the increase from Telkom is maybe 0.6%.
06:26And ISAT which went up to 4.5%,
06:29this is a positive sentiment.
06:31And we know that from ISAT
06:34which was already merged with TRI,
06:38this should also be able to increase the performance of ISAT
06:42and be an addition to the clean-up of ISAT in the future.
06:49So, we see that
06:52maybe there will still be room for an increase
06:55from the infrastructure sector itself
06:58compared to the decline of the brand.
07:00Okay, we will try to review from a technical point of view.
07:03I want to go to ISAT first.
07:05The increase has been quite significant
07:08in recent times.
07:10Your analysis,
07:11even this is almost close to 12,000 again, it seems.
07:14Yes, ISAT is likely to return to the 12,000 area.
07:19Today, it went up 4.5% again
07:22with support from a fairly strong volume.
07:25It should be able to test the resistance area again
07:29in the 12,050 area.
07:31Is the recommendation good for ISAT?
07:33Yes, for ISAT, maybe it's still good.
07:37At what level?
07:39ISAT,
07:41good, the area of 11,350 to current price is still okay.
07:46Okay.
07:47I will go to Telkom next.
07:49Your analysis for Telkom,
07:51today at 3,180.
07:53Previously, Telkom was quite difficult
07:55to pass above the level of 3,000.
07:57This is slow indeed.
07:59Telkom's position is already at 3,100,
08:02even today's intraday is at 3,200.
08:04Last week, the increase was also quite significant
08:07from 2,960 to 3,200, Mr. Chris.
08:10Yes, considering that Telkom,
08:12we see from the price side,
08:15at the current price,
08:17Telkom is already quite attractive
08:19among investors.
08:21Because at the current price,
08:23if I buy Telkom,
08:25I get a dividend of around 5.6%,
08:27which is equivalent to a fairly good result.
08:30So the area of 3,180 is still quite relevant
08:35or still quite cheap to buy
08:37with such a large yield dividend.
08:39And indeed today there is technical resistance,
08:42yesterday there was resistance at 3,180.
08:46Maybe there will be a test of 1-2 days in this area
08:50to strengthen it again.
08:53Okay, reviews and recommendations
08:55from several investors in the infrastructure sector
08:58that today's movement is in a different direction.
09:00Brands are actually stressed.
09:02Then Telkom and ISAT today
09:04experienced a high increase.
09:05Even Telkom in the last week
09:07has experienced a significant increase.
09:09I will try to check first for Telkom.
09:12In the last week,
09:14the position increased by 7.43%.
09:17In the last month, it increased by 10.42% for Telkom.
09:20And again, the decision to invest
09:22is still in the hands of the ITX channel.
09:24Mr. Chris, we turn to the banking sector.
09:27Mr. Chris, coincidentally on our WhatsApp interactive,
09:30there are quite a lot of questions
09:32from Big Cap bankers.
09:34And today, Big Cap bankers
09:36do not contribute to the share price shift
09:38because a few days ago
09:40the increase was already very significant.
09:42And the rotation between the shares
09:45in Big Cap banks has also happened.
09:48The first question is,
09:50I will try to check,
09:51this is from Mr. Andrew from Tanggrang Selatan.
09:54I want to ask for the four Big Cap banks
09:56until the next month,
09:58especially BBRI, BMRI, and BBNI,
10:01support and resistance.
10:02Can it be bought at the current price?
10:04Can it still go down again next week?
10:06I will try to see this.
10:07BBRI tomorrow already bought at Rp. 4,810.
10:10There is Alwan Siregar from Medan.
10:12Thank you for joining us.
10:13Your analysis, Mr. Chris, for BBRI first.
10:15Yes, BBRI is still quite interesting.
10:17With the current price,
10:18the dividend yield is still around 6%,
10:20almost 7%.
10:22So in my opinion, it's still very cheap right now.
10:25I think it's a good investment.
10:27I think it's a good investment.
10:29I think it's a good investment.
10:30I think it's a good investment.
10:31I think it's a good investment.
10:32I think it's a good investment.
10:33I think it's a good investment.
10:34I think BBRI is still very cheap right now.
10:36I think BBRI is still very cheap right now.
10:37But yes, we are not detached from the increase in BBRI
10:40But yes, we are not detached from the increase in BBRI
10:42from mid-June until now,
10:43from mid-June until now,
10:44it's almost 20%.
10:45it's almost 20%.
10:46So maybe there will be a correction,
10:47So maybe there will be a correction,
10:48but it's actually using the correction as an opportunity
10:50but it's actually using the correction as an opportunity
10:51for the entry area.
10:52for the entry area.
10:53So it should be below Rp. 5,000,
10:55it should be below Rp. 5,000,
10:56it should be below Rp. 5,000,
10:57it should be below Rp. 5,000,
10:58it should be below Rp. 5,000,
10:59BBRI has taken a position at Rp. 6,000,
11:02BBRI has taken a position at Rp. 6,000,
11:03please analyze it in how or in tech profit,
11:04please analyze it in how or in tech profit,
11:05at what level?
11:06at what level?
11:07This is Mr. Anggiat's round question.
11:08This is Mr. Anggiat's round question.
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