Jelang kuartal 4, mungkin ada baiknya mulai mencermati saham potensial terkait window dressing di akhir tahun. Pasalnya hampir 10 tahun terakhir, pasar saham selalu ceria pada bulan Oktober dan Desember dengan kenaikan 1,5% hingga diatas 2%.
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TVTranscript
00:00What is the impact of the PCE Index on the global economy?
00:05From the PCE Index and our collaboration, we move to a number of economic agendas from the global sector.
00:10The first is from Asia, there is the IHK Tokyo year-on-year and also in September,
00:14and the profit industry in China since January, or in August.
00:21Then for the US, there is a reserve position in the Reserve Bank or the Central Bank of the United States,
00:27and the PCE Index of the United States in August is also year-on-year.
00:32And in the country, the POMERSA Agenda Emittance is BAEF, DPS Bonus Stock, BNLI RUPS, BNII RUPS, and MGLP will also direct RUPS.
00:45An update from Asia this morning, POMERSA, we see for Nikkei Japan and several other emittances.
00:51What is the impact of the PCE Index on the global economy?
00:54We mean other indexes.
00:56There is the Nikkei Japan Index, which is observed to increase by 0.52%,
01:00Singapore Stratum Index fell by 0.09%,
01:03KOSPI Index increased by 0.02%,
01:05and Hong Kong Hang Seng Index decreased by 4.16%.
01:10What is the impact of the PCE Index on the global economy?
01:16Still connected with our source today,
01:19we will interview Mr. Chandra Pasaribu, Head of Research Analyst PT Yuanta Securities Indonesia.
01:24Good morning, Mr. Chandra.
01:26Good morning.
01:27Thank you for your time this morning.
01:29Mr. Chandra, before we go to the Sam Gabungan Index and Domestic Capital Market,
01:33we just saw an update from Asia where Hong Kong Hang Seng fell by 4%.
01:39Do you think this significant increase is still triggered by China's stimulus plan for the economy?
01:49Yes, it is.
01:50It seems that the Chinese government once again
01:53reaffirmed their commitment to boost China's economy,
01:59which seems to be weakening.
02:02But maybe the general concern is
02:05that this stimulus will create a growth floor for China.
02:11Rather than we see an acceleration,
02:15because frankly, if we look at China itself,
02:19maybe sectors such as property with a fairly long value-added chain
02:24still have a lot of problems,
02:27especially the big properties.
02:30Because they are overly borrowing,
02:32and some of their projects are still relatively unsmooth in terms of development.
02:38So what we see with this stimulus is that
02:41maybe the Chinese government is building a floor for China's economic growth.
02:48Okay.
02:49China's stimulus is also affected by the ASEAN exchange rate.
02:54How far will the ASEAN exchange rate strengthen at the end of September?
03:02As we know, there has been a profit-taking recently.
03:06From China's stimulus, it has actually been seen.
03:09So the positive impact on the ASEAN exchange rate
03:13is actually a lot of commodity-related.
03:15That's why lately we've seen stocks in the mining sector,
03:21whether it's coal, nickel, tend to be a little more positive at the moment.
03:26Maybe we see there is a profit-taking in the market cap,
03:30or sectors such as financials and other stocks.
03:35But it means there is a slight shift there.
03:38Okay. Does that mean we are also worthy of respecting those stocks?
03:42Moreover, the stimulus plan from China itself is still in the planning stage
03:47and has not really been realized.
03:50Does that mean when it is realized, there may be an opportunity for further growth,
03:54especially from the commodities that Mr. Chandra has just mentioned?
03:58I think we are positive for commodities.
04:01If we look at the price of the stock itself, it is actually still a relatively laggard sell.
04:07If we compare it with, for example, health care, financials,
04:14even go to has started to move.
04:16So, there is a slight laggard in the mining sector,
04:21and I think there should be an opportunity there.
04:24Okay, there is an opportunity there.
04:26Before we go to the interesting stocks to be respected for window dressing,
04:29let's go to the commodities first, which you have already mentioned.
04:34What kind of stocks are worthy of respect,
04:38and what is the investment strategy like?
04:43We just play momentum,
04:45because lately, with the stimulus from China,
04:52the commodity prices, especially like copper or nickel or cobalt,
04:57which were relatively lower, may get positive sentiment.
05:01So, if we play there, it's automatically like INGO, NCKL, MDKA.
05:07Maybe if you look at it specifically,
05:11the profitability should have a chance to rebound.
05:15Then also in the coal sector, like ADARO or PTBA,
05:20with a slight boost in the price of coal,
05:23of course it will again give a positive impact on net income,
05:28and possibly if we pull a little longer,
05:31maybe next year the dividend distribution will be quite interesting.
05:36But maybe for momentum play, it should be short to medium.
05:41Short to medium, right?
05:43Yes.
05:44Okay, maybe we discuss one of them, for example PTBA.
05:47PTBA yesterday became one of the emitters with net foreign buy,
05:50which is quite significant, 37.1 billion rupiah,
05:54up 0.97% in 3110.
05:57How is the chance?
05:59And we bought it in what positions? 3-1-1-0?
06:05If for example the coal sector,
06:07recently it has been a bit positive,
06:10if we look at ADARO, PTBA, ITMG.
06:13So it should be, if the momentum is positive like this,
06:18actually we should just buy it.
06:21I mean, at 3-3-1, maybe it's relatively attractive.
06:26But we'll see, in general,
06:30what the opening will be like.
06:32But it feels like we should take the position a bit earlier.
06:37Oh, it should be earlier,
06:38if now the increase is also significant,
06:40but maybe it can still be maintained while the stop loss is accelerated, right?
06:45Yes.
06:46ADARO is even higher, 2.4 places,
06:48leading the top net foreign buy,
06:51yesterday 125.2 billion rupiah.
06:54If it is held until the momentum window dressing at the end of the year,
07:00because in a moment we will enter the fourth quarter.
07:04Isn't the coal commodity interesting?
07:09Maybe if the window dressing, the issue has changed a bit.
07:12So if PTBA and the mining sector,
07:15we talked about the momentum problem from China,
07:18so the price of coal has become positive.
07:21So when we talk about window dressing,
07:24actually theoretically the most effective way
07:27to close the index so that it goes up a lot,
07:30is in the 10 largest market cap.
07:33Okay.
07:34Which is basically BCA, BRI, Mandiri, Telkom, Astra,
07:39then there is Brand, TPIA, Aman, Bian and DSS,
07:43and even the coal is not there.
07:47So maybe relatively less effective,
07:50if we look at it from that side.
07:52Different sentiments, Mr. Chandra.
07:54If we talk about momentum stimulus from China,
07:56we can talk about commodities, including coal,
07:58and also maybe sentiment dividend.
08:00But if it's about window dressing,
08:02it's more to the top 10 with the largest market cap in the stock market.
08:06Correct.
08:07Okay, Mr. Chandra.
08:08Later we will review from the top 10,
08:10if possible, all of them,
08:13but maybe there is a more prospective one,
08:16according to Mr. Chandra.
08:18Later we will review in the next segment of the show.
08:20We will be right back in the market bus segment.
08:23Thank you, Mr. Irsan, for joining us again,
08:25and we will talk again with Mr. Chandra Pasaribu.
08:28Mr. Chandra, we will continue the opportunity from the stocks
08:31that are interesting to look at for window dressing,
08:34or usually happens at the end of the year,
08:36where this emittance starts to work,
08:38so it usually experiences an increase.
08:40And based on the data,
08:42in October, November, December,
08:44usually the index of joint stock prices always experiences an increase,
08:46especially in December.
08:47In the last nine years, it rose on average above 2%.
08:51What stocks are worthy of being featured in the top 10 B-Caps?
08:57From the top 10 B-Caps,
08:59maybe the most key is Telekom and Astra.
09:03Because if we look at the top 6,
09:07there are brands there, BCA, TPIA, BBRI,
09:10Aman, Mineral, and Mandiri.
09:13Actually, the three banks are actually okay,
09:15but in terms of share price, it's actually running a bit.
09:18As for TPIA and Aman,
09:21maybe fundamentally it's a bit difficult to justify,
09:24because the valuation is quite expensive.
09:28So, from the top 10 B-Caps,
09:33the fundamental is still okay,
09:37but the share price is a bit laggard.
09:39Actually, it's Telekom and Astra.
09:42Okay, let's go to Telekom first.
09:44Do you think this is more logical than the others?
09:48That's right.
09:49So, Telekom is actually quite resilient.
09:52We know that the relative data usage is still okay.
09:56Then, Telekom also continues to push the FMC strategy.
10:01Basically, on corporate strategy,
10:04they are on the right track,
10:06but may still face a little pressure from purchasing power.
10:11But the fundamental should be relatively okay.
10:15Actually, all the bad news
10:18has been reflected in the share price itself,
10:21because it has fallen quite far.
10:23So, if there is a window tracing
10:28that may be a little too fundamental,
10:34maybe Telekom has a chance there
10:36because the share price is still relatively low.
10:39Okay.
10:40In terms of profile,
10:43for example, the pair and other valuations fundamentally,
10:47what is the interesting position of Telekom?
10:50It's quite interesting, actually,
10:52because it's relatively cheap.
10:54If we compare it to, for example,
10:56TPIA or AMAN brands that can reach hundreds of PIs,
11:00this is still Telekom,
11:01we're talking about PIs or EV EBITDA.
11:04We're talking about EV EBITDA,
11:05maybe 4 to 5, which is very cheap.
11:08Okay.
11:09Year-to-date, the highest level was at 4,240.
11:12Now it's only 3,170.
11:15There are certain targets,
11:16and the buying strategy should be,
11:18according to Mr. Chandra,
11:19in what position is better?
11:22At the current level, it should be quite good,
11:25because the market is still positive momentum.
11:28So, if we wait for it to get lower,
11:30the probability may be smaller.
11:33If you look at it from earlier,
11:36it was above 4,000,
11:37maybe it won't come back that fast.
11:39Maybe if we look at it up to level 4,000,
11:42we'll talk about it longer.
11:44Maybe we'll talk about it in 2025.
11:48But for short-term,
11:50we talked about window dressing until the end of the year,
11:53maybe because it's already quite far from its high,
11:58maybe it can reach 3,300, I think.
12:04Okay.
12:05Okay.
12:06Then, for Telkom,
12:09what is the nearest target level?
12:11And what do you think is the risk limit
12:14when it drops to what level?
12:18If it goes above 3,000,
12:21the market sentiment will change.
12:24Because the fundamentals don't change.
12:26But when it goes above 3,000,
12:29we see that the market sentiment changes,
12:32maybe a little.
12:33Maybe it doesn't have to be cut-loss.
12:35But we look at it as a whole,
12:37whether the drop to 3,000 is corporate-specific,
12:40which should be a small probability,
12:42or is it a broad market?
12:44If it's a broad market, it's a different story.
12:46For the target,
12:47maybe we talked about it until the end of the year,
12:50maybe it can reach 3,300.
12:55That's the recommendation for Telkom.
12:59Then we move on to the prospective stock
13:01for the next window dressing,
13:03which is Astra International.
13:05In your opinion, it's still logical,
13:07just like Telkom.
13:08How is the analysis of Astra?
13:11Astra is almost the same.
13:14So, if we look at it,
13:16we talked about the positive side of Batu Barak.
13:19They are also derived from UNTR,
13:21and the business of Batu Barak is also relatively good.
13:24Then, in terms of gold prices,
13:26they also have a gold mine there.
13:30The auto market is a bit stressed,
13:33because we see the number of car and motorcycle sales
13:37for up to 8 months is not very good.
13:40But I think it can be supported
13:43by the drop in the flower rate.
13:46Because we know that car purchases,
13:48especially around 50-60%,
13:51are based on credit.
13:52So when the flower rate drops,
13:54it should be cheaper,
13:56so that the automotive segment
13:59can help move in a more positive direction.
14:03So we see that the fundamentals are still quite good
14:08in terms of the mining sector is still performing,
14:11because it will positively correlate with the price of Batu Barak.
14:15In terms of automotive, which is a bit weak,
14:18it can actually be helped by two things.
14:21First, the drop in the flower rate.
14:24Second, the increase in the value of the currency,
14:27because the value of the currency will affect the manufacturing cost.
14:31In the last three months,
14:33ASRA has increased by 18.51%.
14:35Then the highest in this year was 5,750.
14:39Now it's 5,250.
14:41There is a gap, of course, from the highest level.
14:45Correct.
14:46What should the strategy be like,
14:47if we talk technically?
14:50It's similar to Telkom.
14:53It's okay to dare to enter,
14:55because it's actually still hovering,
14:57still lagging,
14:59so 5,250,
15:01yes, it's true,
15:02maybe it's already quite attractive,
15:04meaning that there is already a lot of price increase,
15:07but if we look at it from the highest position,
15:115,700,
15:12the gap is still quite good,
15:14maybe 8-9%.
15:16So maybe entering the current level,
15:19I think it's still quite safe.
15:21Okay, entering the current level,
15:23it's still quite safe for those shares.
15:26Okay, there is Telkom and ASRA International
15:28when it comes to shares that are worth investing
15:30in the window dressing track at the end of the year.
15:33And we move on to the recommendation of the chosen shares.
15:35We have summarized the four shares
15:38recommended by Mr. Chandra Pasaribu in the following graphics.
15:42The shares of Pemirsa, among others,
15:44are property shares,
15:46there is ASRI there, or Alam Sutera,
15:49On Weakness at 226-260,
15:53later we will confirm this as a purchase level,
15:56or to the target,
15:57then CTRA also BUY,
15:59at 1,350-1,420,
16:03then there is Metco also BUY On Weakness,
16:06at 1,285-1,365,
16:09MDKA BUY at 2,520-2,770.
16:13Maybe you can capture, my dear,
16:15this is the recommendation of the chosen shares,
16:17not the interesting share for window dressing,
16:19because Mr. Chandra has said,
16:21if the window dressing is usually a Big Caps share,
16:2410 Big Caps shares, but we have reviewed earlier,
16:26Mr. Chandra recommends more logically,
16:29more reasonable,
16:31is Telkom, he said, and also ASRA.
16:33But again, the investment decision is in your hands.
16:35Mr. Chandra, let's discuss,
16:37the recommendation of your chosen shares,
16:38how long is this time frame,
16:40and why do you recommend it,
16:42after the break of Pemirsa,
16:43stay with us in the Marketbuzz segment.
16:46Thank you, Pemirsa, for joining us,
16:48and join us again with Mr. Chandra Pasaribu,
16:50Head of Research Analyst PT Yuwanta,
16:52Indonesia Security.
16:53We will review the recommendation of the chosen shares,
16:55which we have shown earlier on the screen,
16:57there are 4 Pemirsa,
16:58with the nomination by the property shares,
17:00there are ASRI and CTRA.
17:02What is the interest of the property shares right now, Mr. Chandra,
17:05so that from 4 chosen shares,
17:072 of them are from this sector?
17:09Yes, because this is technical,
17:11so there is a bit of momentum,
17:13in the short term,
17:14basically because of the interest rate,
17:16because from FED, we know,
17:18they dropped 50 last year,
17:21this year, maybe until the end of the year,
17:23another 50 bps,
17:25next year 100 bps,
17:27even, it should be,
17:29if we look at it from Bank Indonesia itself,
17:31they tend to follow the footsteps of FED,
17:34as I think,
17:35so it should be,
17:37if they do that,
17:39maybe the property sector,
17:41with various,
17:43besides the stimulus from the government,
17:45then the interest rate drops,
17:47because we know that people buy it using credit,
17:49bringing a positive sentiment
17:51towards this property sector.
17:54So we see,
17:55technically, maybe the picture,
17:57maybe ASRI and CTRA,
17:59are the choices.
18:01Okay,
18:02why don't you say this is just a short-term momentum,
18:05related to the flower cut,
18:07even though there is still a potential
18:09for the flower cut to continue,
18:11maybe in December,
18:12then in 2025,
18:13it will still be projected,
18:15the trend will still be low,
18:17why is this property more,
18:19you said, short-term?
18:21Because, actually,
18:23if from the stock price,
18:25and from the speed of movement,
18:29financial result,
18:31or financial income,
18:33the movement is not linear,
18:35so the market has expected
18:37that with the drop in the flower rate,
18:40it will be positive towards,
18:42towards,
18:43the financial sector,
18:45the property sector,
18:47so with those conditions,
18:49it's actually already ramped up,
18:51in the future.
18:52In the price, right?
18:53Yes, in the price, in the future,
18:55maybe it will be short-term,
18:58later, in the long term,
18:59it will actually take profit,
19:01because, what did I say,
19:03the financial result is good.
19:05Okay, from 18,
19:07on Wednesday, Thursday, Friday,
19:09from 18 September to 20 September,
19:11it was red,
19:12then on the 23rd,
19:14on Monday, it rose 12%,
19:16and the 24th, 25th, 26th,
19:18or the last 3 days,
19:19it was also red for Asri,
19:21but if we talk about 1 week,
19:23it still has an increase of around 3.5%,
19:25and 1 month, 17%.
19:27What needs to be monitored in Asri,
19:29and if you want to buy,
19:31what are the best positions?
19:35Asri is a bit jumpy,
19:39if we look at the last price movement,
19:41it was a bit high,
19:43so,
19:45maybe we have to respect the entry point,
19:50so, why buy on weakness,
19:52because there is a risk that
19:54there will be a correction,
19:56because it is already quite positive,
19:58it has risen quite a lot,
19:59people take profit,
20:00people feel quite comfortable with the return on investment,
20:03so it can come out,
20:04so maybe the pressure is there,
20:06that's why we tend to look at buy on weakness,
20:09because there is a jump in the share price
20:12which is quite significant in a short period of time.
20:15Okay, at what level was it?
20:18At 226, buy on weakness?
20:20226, yes, that's right.
20:21226 is maybe the entry point,
20:25the target is at 2260.
20:272260, okay, just short term,
20:29buy momentum, interest rate.
20:32Then, you also recommended a property called CTRA.
20:38Yes.
20:39If CTRA, buy, not buy on weakness?
20:41Yes, because if we look at the share price movement,
20:44it's not as drastic as Asri,
20:47there is a slight increase,
20:48but it still tends to rise gradually,
20:51so relative if we compare it to Asri,
20:56there is a gap,
20:58if we look at the share price movement,
21:00so we see that if the property sector is still positive,
21:06maybe this can be one of the alternatives,
21:09because the others have moved first,
21:11including the laggard,
21:12we see that it can be the entry point at 1350,
21:16with the target at 1420.
21:191420, okay.
21:21At the moment at 1365,
21:24it has increased by 0.74% in the opening of the first trading session.
21:27You said it was at 1340,
21:29if it's at 1365,
21:31should we wait for it first, or current price?
21:35If you look at it like this, it's a bit positive,
21:37so it should be current price,
21:39because I said earlier that it was laggard,
21:42so it should be uber,
21:44because the possibility of correction is smaller.
21:47Okay.
21:48Then, you also recommended two other sectors,
21:53Medco, buy on weakness.
21:55Yes, commodity,
21:57we talked about commodity,
21:59so Medco and MDKA,
22:01one oil, one gold.
22:03So if in Medco itself,
22:06oil price, again,
22:08we hope that the betting is actually for China.
22:12So if there is a recovery from China,
22:15it should be a global economy,
22:17because the US is the second largest economy,
22:19it must be positive for commodity prices,
22:21including oil.
22:23But,
22:24there is a but,
22:25why is it buy on weakness?
22:26Actually, on the OPEC side,
22:28Saudi Arabia doesn't seem to want to cut production rates,
22:35because their performance matrix tends to market share.
22:40And so far, Saudi Arabia feels that the market share has fallen,
22:43so in the future,
22:45they may increase production,
22:49so it becomes counterproductive to oil prices.
22:53You said Medco buy on weakness at 12.85,
22:56and this morning,
22:57Medco experienced a slight weakness,
22:59maybe because the price of oil energy,
23:01I mean, it also dropped a bit.
23:0313.05 right now,
23:05is it possible to buy on Medco?
23:09Just wait.
23:10Just wait.
23:11What is the target, Mr. Chandra?
23:1313.65.
23:1413.65, okay.
23:15The entry point is 12.85.
23:1712.85 entry point, okay.
23:20Okay, just wait.
23:21Right now, it's still 13.05.
23:22Just be patient.
23:23Lastly, MDKA.
23:25Why MDKA?
23:26Why not Antam or some kind of PSAB?
23:31MDKA,
23:32should be in terms of financial results,
23:37they're not too good,
23:38actually, up to the first half.
23:40But we know that gold prices are hard to...
23:43to break the record.
23:44New record high.
23:45New record high.
23:46So that means,
23:47I'm betting on MDKA,
23:50with this positive gold price,
23:53they should be able to reverse the financial result
23:58in quarter 3 and quarter 4.
24:00So, with that momentum,
24:02it's expected to be more positive.
24:04Okay.
24:05We saw the technical earlier,
24:07that there was an increase in green candles there.
24:10And in 1, 2, 3, 4, okay.
24:12These 5 days,
24:13because at the opening this early morning,
24:15it also increased again.
24:16It has increased by almost 19% for MDKA.
24:22So, what's the target, sir?
24:25Our target is at 770.
24:282770, sorry.
24:312770?
24:33Yes.
24:34Okay, 2770.
24:35That's the target price for Take Profit.
24:38The entry point is at 2520.
24:41Maybe left with the opening now.
24:42Well, if the gold price continues to fluctuate
24:45in line with the interest rate,
24:46the correlation gap,
24:47and it's been almost a week,
24:49gold has always been recorded
24:51to touch the new highest record in its lifetime.
24:54Is there a chance after 2770,
24:56the target from MDKA,
24:58then there is the next target?
25:02We look first at the financial performance.
25:06So, maybe I'll be a little patient there.
25:08So, because we're still guessing
25:10that in the third quarter and fourth quarter,
25:12MDKA can deliver a better result.
25:15So, maybe that needs to be proven first
25:17before we shift to a new target.
25:19Let's talk about a new target.
25:20First, we have to look at the result.
25:22Does the gold price make a significant contribution
25:24to the performance?
25:25If I'm not mistaken, the gold price
25:27has been at 26...
25:29almost 2700,
25:31it looks like, US dollars per troy ounce.
25:33Is there a target from Mr. Chandra, maybe?
25:37We don't see it,
25:39I mean, we don't try to guess the gold price.
25:42From the momentum so far,
25:44it's a bit difficult to be honest.
25:46It's still okay.
25:48It looks like so far,
25:50there is no indication that there will be a reversal.
25:54Maybe with global conditions,
25:56such as the trade war between the US and the US,
26:01maybe like,
26:03the safe currency to hold is gold.
26:06It used to be the US dollar.
26:08Now, with the US dollar,
26:10maybe people are still looking for an alternative.
26:13Maybe the more neutral one is gold.
26:15So, holding the US dollar
26:17should be enough to resist the gold price.
26:21That's the recommendation and analysis
26:23related to the gold price.
26:25Let's talk about the opening of the first trading session
26:27at 9.07 AM,
26:29where IHSG this morning
26:31moved to the negative territory.
26:33It dropped 0.61% or 47 points
26:37at 7,692.
26:39IHSG has been trying to hold at 6,700 since yesterday.
26:42Sometimes it dropped to 7,600
26:45and yesterday it tried to hold at 7,700.
26:49Right now, it dropped again, my dear viewers.
26:51And with the currency,
26:53or the value of the exchange rate to the US dollar,
26:56it strengthened at 15,079.
26:59But it hasn't been able to hold or strengthen
27:04at the psychological level of 15,000.
27:06Then, the bearer,
27:08following the line of stocks that are gainers
27:10or also losers.
27:12Among others, the bearer is MDKA,
27:14which we just discussed as one of the stocks
27:16recommended by Mr. Chandra.
27:18This is 4.25%,
27:20occupying the first position, gainers based on value.
27:23Then there are PANI, BSBK,
27:25PYFH, ADMR, TOBA, JAPFA,
27:27TMPO, HEAL,
27:29and there is also VOKS,
27:32or Voxel Electric TBK.
27:35Those are the 10 gainers.
27:36The losers are still Samsung BCAPS,
27:38there is BCA there, the bearer,
27:40which dropped 1.87%,
27:43Bang Mandiri, Telkom,
27:45then there is BN, EGO, Tubris, AMR,
27:47TITM, GSILO, and SSMS.
27:50Mr. Chandra,
27:52earlier you recommended that
27:53if we talk about window dressing,
27:54it's interesting to talk about Telkom.
27:56Telkom is currently in the third place,
27:58losers based on value.
28:00Is there a chance for buy-on weakness?
28:02We can keep it until the end of the year?
28:05Yes, actually.
28:07Because if we look at the market,
28:09it's actually a bit vulnerable
28:11to take profit.
28:13Because our target index
28:15until the end of the year is around 7,900.
28:18So if we look at it,
28:20the one who experienced the biggest correction
28:23is the bank sector
28:26and the TPEA, Brand, and Aman
28:30which is relatively expensive.
28:34In the bank sector,
28:35it's all-time high.
28:37So BCA, BRI, BMRI,
28:39except BRI,
28:41but for BCA and BMRI,
28:43basically it's all-time high.
28:45So it's normal that there is no correction?
28:47Yes, it's normal.
28:49If earlier there was MDKI,
28:50which you included in the selection,
28:52the top gainers based on value,
28:54the highest with an increase of 4%,
28:56in the 2700s,
28:58what should we do?
28:59When we want to buy,
29:01let's just wait for the buy-on weakness.
29:03Yes, the level is close to the target level.
29:07Okay.
29:08Mr. Chandra, there are still many things we want to discuss,
29:10including the new leadership
29:13from the elected president
29:14who will soon announce the cabinet,
29:17how far it will affect the market.
29:19Unfortunately, our time is limited.
29:20See you next time.
29:21Thank you, Mr. Chandra,
29:22for joining us this morning.
29:24Stay healthy.
29:26Goodbye.
29:27Thank you. Good morning.
29:28Good morning.
29:29That was his analysis on the market bus segment.
29:32But again,
29:33we leave the investment decision to you.