"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Selasa (24/09/2024) dengan Tema Peluang Saham Pasca APBN 2025 Disahkan."
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00:00What is the future of the U.S. economy?
00:05Next, we will take a look at the U.S. economy agenda.
00:09There is data on U.S. consumer trust.
00:11There is also data on FOMC members' transfers.
00:15From Canada, there is a transfer of Governor BoC,
00:19and from Germany, there is an expectation of business.
00:23Then from Japan, there is PMI Manufacture in September.
00:28Then from Asia, South Korea, there is an index of producer prices.
00:31From Thailand, there is a data on trade balance.
00:33Then from Australia, there is the decision of the Bunga tribe.
00:36And then for the MITEN agenda,
00:39among them are Indosat and Hexa,
00:42held a general meeting to hold a shareholder meeting,
00:45which is also done by BRAM.
00:47And the next is EAST,
00:49which is held on the day of ex-dividend to night interim.
00:52And the next is for the main Asian exchanges this morning,
00:56as you can see on the television screen.
01:06For the main Asian exchanges this morning,
01:09Bukamix was opened with a strong e-cable,
01:111.68% at level 38,398.
01:15Singapore's SDI weakened 0.05% at level 3,636.
01:18And Kospikorea was opened with a strong e-cable,
01:200.28% at level 2,609.
01:24And Hang Seng Hong Kong was opened with a strong e-cable,
01:261.79% at level 18,573.
01:46And for the discussion this morning at MarketBus,
01:49we have been in contact with Mr. Abdul Haq Al Faruqi,
01:52who is a stocknow.id analyst.
01:54How are you, Mr. Abdul?
01:57Hello, Mr. Dedy. How are you?
01:59How are you? Thank you for being with us.
02:01Can I call you Mr. Abdul?
02:03Yes, you can.
02:04Okay, Mr. Abdul.
02:05Let's talk about IASG,
02:08which was corrected quite deeply yesterday
02:16when we were in the euphoria of IASG
02:20to level 7,900.
02:22But then the brand came out of FTSE.
02:24Then this gave a significant impact on the brand's weakness
02:28and also had an impact on the weakness of IASG.
02:31It was at level 7,700.
02:34It rebounded yesterday.
02:36What is your analysis like, Mr. Abdul?
02:40Okay, Mr. Dedy.
02:41If we look at the movement of IASG,
02:43the release of the brand from FTSE
02:46is a scenario outside of analysis.
02:51Because in terms of macroeconomics,
02:54Indonesia is still in very good data.
02:58Globally, the release of Bunga Defense
03:00is also a very positive catalyst.
03:03So it should be that the global stock market,
03:06whether it's Asia, is still experiencing a bullish trend.
03:08But the trend has been broken by the brand,
03:11which has become the weight of IASG
03:13in the last two days of the stock market.
03:15Next, what we see from this brand
03:18is that the decline is not a joke.
03:21To the point of IRB.
03:22Almost 40% in the last two days of the stock market,
03:25the brand experienced a decline.
03:27Next, we focus on yesterday's trade,
03:30where IASG dropped to level 7,600
03:34or below the psychological support of 7,700.
03:37But it started to rebound again to level 7,775.
03:43The rebound was caused by blue-chip stocks.
03:47From the balance, there are BBRI, BBCA, and BBRI.
03:51And from the NET FOREIGN BUY data,
03:54in yesterday's trade,
03:56ASING recorded a net buy of 1 trillion rupiah,
04:00which is a fairly large number
04:03as IASG is experiencing a fairly fluctuating movement.
04:06And as of now,
04:09IASG has been accumulated by ASING
04:11to reach 5 trillion rupiah.
04:14So this indicates that
04:16the Indonesian stock market is still attractive,
04:18even though the second top market cap,
04:21which is the brand,
04:22is still experiencing a very significant decline.
04:25For the stocks that are still being accumulated by ASING,
04:27consistently in the last month,
04:30there are BBRI stocks,
04:32which are still being accumulated by 2.9 trillion rupiah.
04:35Next, there are BBCA stocks,
04:36which are also still being accumulated by 2 trillion rupiah.
04:39And there are BBRI stocks,
04:41which are being accumulated by 1.7 trillion rupiah.
04:44Okay.
04:45If we look at what sectors
04:47that seem to be moving positively,
04:51and then you recommend those sectors,
04:54or maybe specifically,
04:56what stocks do you recommend?
04:58Remember, if we look at the top NET BUY
05:00from ASING itself,
05:01it's quite mixed,
05:02from the balance,
05:03then there's also TPIA,
05:04AMRT, Unilever, and also CTRA.
05:06It's not specifically targeting one sector,
05:09but it's random.
05:12What do you think, Mas Abdul?
05:15Here, I recommend
05:17from the more defensive sector,
05:20there's the banking sector,
05:22and then there's also the property sector,
05:25and what's quite interesting,
05:27there's also CPO.
05:28From the banking sector itself,
05:30what's quite positively affected
05:32from the Bunga branch is
05:34BBRI stock,
05:36which we know that
05:38the NPL is quite high
05:40compared to the blue chip stocks
05:42in the same industry,
05:43where the NPL from BBRI
05:45reaches 5%.
05:47And also,
05:49in the long run,
05:51BBRI stock is still very attractive,
05:53because the BBRI stock
05:55is quite left behind
05:56compared to other blue chip friends,
05:58like that.
05:59So, the price is still cheap,
06:00in terms of valuation,
06:01compared to its peers?
06:02Yes, that's right.
06:03Okay, so the upside potential
06:04is quite big,
06:05or what do you think, Mas Abdul?
06:07Or maybe you can tell us,
06:09if we look at BBRI,
06:11yesterday,
06:13it led to a boost
06:15in terms of
06:17closing the IHSG,
06:20and then,
06:21after a while,
06:22it decreased significantly.
06:24What are your recommendations
06:26for BBRI?
06:27Is it still cheap to enter?
06:29Okay, for BBRI itself,
06:31the price here is
06:33not quite cheap,
06:35but for the current price,
06:37it's still undervalued.
06:39And for the upside potential,
06:41I do see
06:43a resistance
06:45that can be met
06:47by BBRI at level 5700,
06:49and if it passes that level,
06:51BBRI's potential for level 6000
06:53is quite big.
06:55Like that.
06:57Okay, BBRI.
06:58In terms of analysis,
06:59is it possible for BBRI to reach
07:01mid-to-long term,
07:03or what's the recommendation?
07:05The recommendation is
07:07mid-to-long term,
07:09like that, for BBRI.
07:11The last level is 5500,
07:13but you see there's a possibility
07:15that BBRI can reach level 6000, right?
07:17That's right.
07:19What's interesting is
07:21related to the property sector,
07:23as we know,
07:25the government also extends
07:27the property sector until 2024.
07:29Does this sentiment make you think
07:31the property sector is quite interesting in the future?
07:33Yes, Mr. Widi.
07:35That's one of the sentiments
07:37that pushed me to choose
07:39the property sector until the end of 2024.
07:41Indeed,
07:43BBRI is one of the
07:45most positive sentiments
07:47for the property sector in Indonesia,
07:49especially because
07:51from BBRI, the government hopes
07:53that society will
07:55increase the demand for
07:57buying new houses, like that.
07:59And also, right now,
08:01Bunga Devet and Bank Indonesia
08:03are also one of the positive catalysts
08:05which has the potential to reduce
08:07credit flow. Of course,
08:09it will reduce
08:11the payment to
08:13consumers who
08:15buy a house using credit, like that.
08:17Okay, besides banking
08:19and property,
08:21talking about property,
08:23I don't have a specific topic
08:25to discuss,
08:27maybe in the next segment.
08:29But what I want to discuss is
08:31about the sectors
08:33that seem
08:35to show
08:37the potential to continue
08:39strengthening.
08:41Yesterday, the DPRC approved the
08:43APBN 2025 law, like that.
08:45Which sector do you think is interesting,
08:47Mr. Abdullah?
08:49Is it the property sector
08:51or maybe you see
08:53other sectors?
08:57Mr. Widi, for the interesting sectors,
08:59in my opinion,
09:01the first one is
09:03the infrastructure sector,
09:05there is Wijaya Karya,
09:07then there is ADI and PTPP,
09:09and those are very interesting choices
09:11if investors want to collect
09:13the red plate infrastructure
09:15while supporting
09:17the development of Indonesia
09:19from the APBN Prabowo
09:21in 2025.
09:23And then, what can be observed
09:25is the subsidy from the BBM
09:27and there is also free food.
09:29Which will benefit
09:31sectors such as
09:33the oil sector, and later
09:35there will be a consumer sector
09:37such as JPFA or
09:39Mayura. And that is still
09:41a speculation for JPFA and Mayura
09:43because there is no further explanation
09:45related to free food.
09:47Okay, we will discuss
09:49in detail
09:51the target income
09:53and the target price
09:55for those sectors
09:57that have been evaluated as interesting.
09:59The next session,
10:01Mr. Abdul and Mr. Widi
10:03will stay with us.
10:05We will be back soon.
10:07Thank you for staying with us,
10:09Mr. Widi.
10:11And I'm still talking with
10:13Mr. Abdul Haq Al-Faruqi,
10:15I will just say it verbally,
10:17Mr. Abdul.
10:19What are the sectors
10:21that are interesting to you
10:23in today's trade, Mr. Abdul?
10:27Okay, Mr. Widi. For the interesting
10:29sectors here, I chose
10:31four sectors. The first one is
10:33Harum,
10:35ESA, BBRI, and
10:37PFA here. I see
10:39that the first one is
10:41Harum here.
10:43Harum is recommended to buy at
10:4514.20. Then for the take profit,
10:47investors can
10:49invest at 14.65 to
10:5115.10, and the stop loss
10:53is at 13.45.
10:55With the sentiment that
10:57supports Harum,
10:59it comes from
11:01RUPS, the LB that
11:03agreed that there will be a buyback
11:05from Harum.
11:07The start date of the buyback
11:09is from September 2024 to
11:112025, as many as
11:13800 million shares.
11:15Next,
11:17technically speaking, the MACD
11:19of Harum itself is
11:21the golden cross, if you look at
11:23the MACD in the positive area,
11:25and for the accumulation
11:27of Harum itself in the trade
11:29yesterday, it reached 25.2
11:31billion. This is a fairly large
11:33accumulation for Harum.
11:35And fundamentally,
11:37the PBV of Harum is still below
11:39the average industry or under value
11:41at 1.3 times to
11:432.2 times.
11:45Like that for Harum.
11:47Do you recommend a short term for Harum?
11:49Yes, I recommend
11:51a medium term,
11:53especially for Samsung.
11:55Okay, the last level is at
11:5714.20. This is interesting, it goes straight to Harum, right?
11:59Yes, that's right.
12:01Okay, because you just said
12:03Harum itself is still under value or still
12:05cheap compared to its peers in
12:07the same industry. Okay, from Harum,
12:09let's go to ESA. What do you think, Boss?
12:11Well, for ESA itself,
12:13investors
12:15already know that
12:17ESA is on the company's
12:19website,
12:21writing that ESA is
12:23one of the top two in-watch
12:25companies
12:27in 2024.
12:29This is a
12:31supporting sentiment for
12:33ESA, which is
12:35one of the stock picks
12:37from Bloomberg Technos for
12:392024. Next,
12:41for ESA's own
12:43business prospect, it is still quite strong
12:45and there is a development of a
12:47project called Blue Ammonia
12:49from ESA itself and this can
12:51become a catalyst that supports
12:53ESA in the future if
12:55the project is completed.
12:57And also technically
12:59here, investors can
13:01see that ESA is a rebound from
13:03the A100, which is a dynamic support
13:05from ESA that is quite strong, so
13:07the potential for ESA to experience
13:09a rebound will continue
13:11like that, Boss. Okay, in terms of
13:13price movement, in one
13:15week it has increased by 1.86%
13:17and in three months, in one month
13:19I mean, it has increased by 1.86%,
13:21then in three months
13:23it increased by 9.33%
13:25and as you said earlier,
13:27it will continue to increase.
13:29The last level for ESA is
13:318.20, is it interesting
13:33to be able to enter that level,
13:35Mas Abdul? Yes,
13:37Mas Miki, at level 8.20
13:39it can be the entry area. Okay,
13:41we have discussed Arum and
13:43we have just discussed ESA, the next two stocks
13:45are up to you, Mas Abdul.
13:47Well, for the next stock, there is
13:49BBRI, here I am more conservative
13:51recommending for medium to long term.
13:53Indeed here, the BBRI stock
13:55is one of the stocks that
13:57is most on the watch list,
13:59on the watch list
14:01by the investors because the
14:03relationship between the FED and
14:05Bank Indonesia has become a very positive catalyst
14:07for BBRI, which indeed
14:09this BBRI is a stock
14:11that spreads its credit to
14:13UMKM, which also the NPL
14:15of this BBRI is quite high
14:17and has potential indeed
14:19when the relationship is lowered,
14:21the projection from the NPL will
14:23decrease and indeed
14:25the cost of fund from BBRI will
14:27decrease like that from the impact
14:29of the credit. Well, from
14:31the technical itself, here I see
14:33intraday, here indeed
14:35BBRI in the last trade supported
14:37EISG, it is still strengthened
14:39at level 5500,
14:41strengthened 2.3% and formed
14:43a bullish marabou candle and
14:45this is an indication that there is
14:47a strong buyer of BBRI in the
14:49last trade and became a top
14:51buyer by foreign as big
14:53as 600 billion in the last trade
14:55so this is still an interesting
14:57stock for investors
14:59to be able to enter
15:01the medium to long term like that
15:03Okay, even though it's quite
15:05high, but if compared to
15:07other blue chip stocks
15:09this is still quite reasonable
15:11the price for BBRI
15:15Okay, that's it, BBRI
15:17medium to long term for BBRI or
15:19like what?
15:21Yes, for BBRI we recommend medium
15:23to long term, here the long term
15:25target is 6000. Okay, from
15:27BBRI we go to the next stock
15:29that you recommend, please Masabdo
15:31Well, for the last stock that I
15:33recommend, here there is a PFA
15:35or PFA, here I
15:37recommend for a short term
15:39fast trade of course
15:41with indeed if seen from the
15:43technical movement of the PFA
15:45here, it is quite interesting
15:47because the increase in the value of transactions
15:49from PFA and the increase in volume
15:51indicates that the investor has started
15:53to turn, including the health sector
15:55especially in the PFA itself
15:57when it acquires the company
15:59Probiotech Ltd. which is in Australia
16:01now this becomes a
16:03quite interesting
16:05from the PFA itself because indeed
16:07in terms of clean labor from the PFA
16:09experienced a minus, but it can still
16:11acquire
16:13the company in Australia
16:15and also indeed
16:17technically itself, this is still very interesting
16:19because it has already broken out of the MA200
16:21so this can be a good area
16:23for investors
16:25for the PFA in the short term
16:27like that
16:29Okay, good for PYFA
16:31the last level is at 197
16:33this is an interesting entry level
16:35Masabdo
16:37Yes, level 197
16:39is an interesting entry level
16:41with potential upside
16:43here I use resistance
16:45at 220
16:47Okay, so this is just for the short term
16:49for PYFA or like what?
16:51Yes, just for the short term for PYFA
16:53Okay, good, that's all the shares
16:55recommended by Masabdo, there are Harum, ESA
16:57then also BBRI and also
16:59PYFA, earlier we discussed
17:01about the property shares that
17:03you were interested in
17:05because indeed
17:07there is a sentiment about the decrease
17:09in the level of connection from Bank Indonesia
17:11there is also a PPNDTP that is continued
17:13until the end of 2024
17:15What are the interesting shares
17:17Masabdo
17:19from the property sector
17:21and what are the recommendations?
17:23Okay, for the first share
17:25here I recommend
17:27BSDE shares
17:29even though investors
17:31respect that BSDE shares have experienced
17:33significant increase, but here there is still
17:35potential upside from
17:37BSDE to experience an increase
17:39in the medium term
17:41here
17:43BSDE if it breaks out from
17:45its classic resistance at 1340
17:47this is a catalyst
17:49that is very positive
17:51for BSDE to continue
17:53its rise to the level
17:55of the farthest resistance at level
17:571365
17:59Mas Wiki
18:01and for friends, it actually
18:03can monitor this BSDE
18:05for the entry area
18:07friends can monitor
18:09here at level
18:11from level
18:131240 to 1250
18:15like that for BSDE
18:17Okay, BSDE 1260
18:19it looks like it's moving positively
18:21in trading session 1
18:23this morning, it's mid-long
18:25for BSDE
18:27Yes, that's right
18:29in terms of valuation, how is it compared to
18:31other property shares
18:33if BSDE itself
18:35for BSDE itself
18:37indeed here
18:39BSDE becomes my topic
18:41from property shares
18:43is indeed for the
18:45PI ratio itself, it is still
18:47quite cheap compared to
18:49the industry, where the PI ratio
18:51if using the latest financial report data
18:53which is at the level
18:55at 8.6 times
18:57or below the average industry
18:59at 11.4 times
19:01so indeed in terms of PI ratio
19:03this BSDE share is quite optimal
19:05in producing clean
19:07like that, and indeed
19:09in terms of net profit margin
19:11it's at 25%
19:13that's quite a large number
19:15for the shares in the property sector
19:17like that
19:19Okay, you just recommended that the shares
19:21based on property until the end of 2024
19:23like that because the PNDTP initiative
19:25also until the end
19:272024 like that
19:29the target price for BSDE at what level
19:31until the end of the year?
19:33for BSDE itself
19:35here I target for the end of the year
19:37can reach the level
19:39sorry, I mean
19:411600 can be achieved
19:43for BSDE at the end of the year
19:45even though it will be held
19:47at the level
19:491340, it becomes an area
19:51which is quite sensitive for
19:53BSDE if it is bricked, it will have a potential
19:55to the level of 1600 like that
19:57Okay, let's continue
19:59the next discussion, the next agenda
20:01Abdul and Borisat, with us, we will
20:03come back
20:05Thank you for joining us
20:07and now we will see the opening data
20:09from the market at the opening of the C1
20:11business today so far, it is still moving
20:13weakening at the level of 7740.517
20:15weakening
20:170.53% of the opening level
20:19this morning
20:21at 9.00
20:23and opened at the level
20:257775.864
20:27had a high level
20:29at 7783.632
20:31and the lowest level
20:33at 7717.839
20:35and the market
20:37of course, or the numbers continue to move
20:39and welcome to the
20:41TAP Gainers series, viewers
20:43you can watch it on the TV screen
20:45coming fast through from RTI
20:53Yes, good, yes
20:55I myself, viewers, in one month
20:57has strengthened 1.75%
20:59and in one week has weakened
21:011.1%
21:03Yes, we continue
21:05discussion with Mr. Abdul or
21:07Mas Abdul, Mas Abdul
21:09if we look at Samsung based on
21:11you also saw quite interesting
21:13what else
21:15after APBEN 2025
21:17this is verified like that
21:19what is it like, Mas Abdul?
21:21you mentioned a few
21:23maybe you can convey
21:25at Samsung, the level of entry
21:27at what level?
21:29Okay, good, Mas Wiki
21:31for Samsung BWMN Karya
21:33here, first there is Wijaya Karya
21:35I recommend here
21:37for Wijaya Karya itself
21:39I recommend by own witness
21:41because for now
21:43Samsung infrastructure trend
21:45has started to end and we just have to wait
21:47that Samsung infrastructure
21:49will return
21:51to the happening trend
21:53for the entry here, investors
21:55can wait
21:57first
21:59or by own witness at level
22:01340 to 350
22:03can be an entry area for friends
22:05for Saham Wijaya Karya here
22:07because here I see
22:09technically there is support that is quite interesting
22:11for WIKA and also from the
22:13sales volume
22:15from WIKA itself is quite
22:17reduced so this can be
22:19an indication that WIKA
22:21is in
22:23the accumulation phase
22:25even though it tends to
22:27weaken
22:29Okay, WIKA seems to be
22:31weakening at level 374
22:33how is the weakness that can be
22:35used to enter
22:37WIKA at a cheap price, Mas Abdul?
22:41For investors friends, actually you can see
22:43that from WIKA itself
22:45here, there is a volume
22:47buyer
22:49that is quite massive
22:51which is the first on 29th
22:53until, sorry, I mean
22:5514th to 15th of August
22:57and also there is 30th until
22:592nd of September, 2024
23:01that
23:03investors friends can see that
23:05there is a very large volume
23:07for WIKA and also
23:09there is also
23:11accumulation and loss of shares
23:13purchase loss
23:15from Bitmoney
23:17is still there at
23:19an average of 340 to 350
23:21that can be an entry area
23:23Okay
23:25From WIKA, we move to PTPP
23:27what is it like, Mas?
23:29Well, for
23:31PTPP itself, Mas
23:33here, I recommend PTPP as
23:35the second option
23:37because the sensitivity of PTPP
23:39to the movement
23:41of infrastructure sectors
23:43is not too
23:45sensitive like that
23:47Well, for
23:49PTPP itself, I still recommend
23:51Buy on Weakness because
23:53the movement of this sector is flexible
23:55for example, if one goes up
23:57everything will go up
23:59like that. Well, for PTPP itself
24:01here, I see that the support area
24:03is quite interesting for PTPP
24:05at level
24:07418 to
24:09level 424
24:11it can be a very interesting support
24:13for PTPP to be able to be
24:15an entry area
24:17because there are some pullbacks and rebounds
24:19that happen when PTPP
24:21touches the area like that
24:23Okay, PTPP itself
24:25has not yet entered the support level
24:27recommended at 438 and the recommendation
24:29about PTPP is Buy on Weakness
24:31so just wait for it to be discounted
24:33at that level
24:35That's right
24:37Okay, if we look at the opening
24:39of trading today,
24:41Mas Abdul
24:43how is your analysis
24:45on the movement of ISG today?
24:47Well, for ISG itself
24:49here ISG is weak
24:51as big as 0.38%
24:53or has reached
24:55the support level at level
24:577,717
24:59Indeed, here is like
25:01my analysis, which is
25:03for ISG itself is burdened
25:05by some brands are still burdened
25:07and where here
25:09ISG starts
25:11to look like a rebound
25:13where it is supported by
25:15banks themselves
25:17which is the top value for
25:19today's turnover
25:21here there are HBBRI
25:23MMN as a stock that
25:25is also a top market cap
25:27and here there are stocks
25:29from the basic materials sector
25:31such as BRPT also support
25:33the increase of ISG in today's trade
25:35so indeed for today
25:37the brand is still the main player
25:39in the movement of ISG
25:41and also the stock is expected
25:43to be a supporter
25:45for ISG to experience a pullback to the green zone
25:47like that
25:49Well, the movement of the brand stock
25:51is also interesting to be discussed
25:53because it is the second largest valuation
25:55and quite significant
25:57in terms of the movement of ISG
25:59and also the interesting stocks to be discussed
26:01you have also mentioned in the selection
26:03I hope this can be a reference for market players
26:05to invest today
26:07Thank you, Abu. Good luck for you
26:09I always see you, Abdul
26:11Yes, see you