Kompak Menguat, Bagaimana Peluang Lanjutan Saham Konstruksi?
"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Kamis (10/10/2024) dangan Tema Kompak Menguat, Bagaimana Peluang Lanjutan Saham Konstruksi?"
Category
📺
TVTranscript
00:00What is the economic agenda of the United States?
00:05Next, we will look at the economic agenda.
00:07For example, from Japan, there is data on credit banks.
00:10In Japan, there is a shareholder in September.
00:12And there is also data on the balance sheet in the Philippines in August.
00:15And from Malaysia, there is a level of unemployment in Malaysia in August.
00:18Then from the United States, there is data on the IHK Inti,
00:21a shareholder in September.
00:23And there is also a claim of initial unemployment in the United States.
00:27And next, from Europe, there is data on retail sales in Germany in May.
00:33And the next is the M&N agenda, which is interesting for us to discuss.
00:36For example, there is AUTO, which is doing interim dividend.
00:42SICO also holds a similar agenda.
00:45After that, there is BTON, which is holding a cash dividend,
00:48PPGL, ex-interim cash dividend.
00:51TRIS also holds a similar agenda.
00:53And next, we will look at the opening of the main Asian exchanges this morning, as you can see.
01:07Yes, we deliver a verbal statement for the opening of the main Asian exchanges for Nikkei STI and Cospicore.
01:17Let's take a look.
01:23For Nikkei, it was opened at 0.44% at level 39,450.
01:27Singapore STI was opened at 0.58% at level 3,616.
01:32And also Cospicore was opened at 0.38% at level 2,604.
01:37And also Hang Seng Hong Kong was opened at 1.38% at level 20,637.
01:43We are sorry for the confusion of the data from the opening of the main Asian exchanges this morning.
01:48The data will be updated later. I just delivered it verbally.
01:51And to discuss in MarketBuzz this time, we are already in contact with Mr. Raden Bagus Bima,
01:58who is the founder of WarCop Stock. Good morning, Mr. Bima.
02:03Good morning, Mr. Wiki.
02:05Thank you for joining us in MarketBuzz this time.
02:08I hope you are always healthy, Mr. Bima.
02:11Okay. You mentioned yesterday that the IHSG movement was closed.
02:13Yesterday's hearing failed to pass level 7,600.
02:16One of them is related to Samsung B-Caps, which was released a lot in the profit-taking action floor.
02:23B-Caps, of course, there was a slight movement, directly affecting the movement of IHSG.
02:28What is your analysis of the closing of the market yesterday, Mr. Bima?
02:34Yes, Mr. Wiki. I think the condition of yesterday
02:38will continue until the end of this week,
02:40meaning on Thursday or later on the 11th on Friday.
02:45I think the market conditions will still be the same.
02:47Actually, this has happened since Tuesday and Wednesday yesterday.
02:52So I think this dynamic will still happen until Thursday and Friday.
02:57Moreover, for now, we are still waiting for the sentiment that will be delivered on the 12th
03:04related to the stimulus from China.
03:06So for now, if we can say, the global conditions,
03:11the current category is still quite safe,
03:15especially on Tuesday, Wednesday, yesterday, even until last night,
03:20the conditions from the US market or in Europe are still quite safe.
03:23So the market in our market seems to still have minimal sentiment,
03:29especially for the B-Caps stocks.
03:31Because of that, even though A-Sing experienced a net sell,
03:37but a few days ago, there was a net sell, then there was a net buy again.
03:41So I think this condition will still happen until this Friday.
03:45Okay, that means for Sambar Basis Perbankan,
03:47if they then want to see this as a momentum to enter,
03:51because it was released and also hit by profit taking,
03:53it's not time to enter Sambar Basis Perbankan yet.
03:56Will the pattern continue until tomorrow, Mr. Bima?
03:59Yes, I think we still have to wait and see.
04:02But we also have to be prepared when there is a policy
04:05or there is information that of course makes and has an impact on the banks,
04:10we have to be prepared with our actions.
04:12So for now, investors can prepare their strategy,
04:16even though we are waiting and see right now,
04:18but prepare a strategy when there is policy
04:21or there is information that is quite interesting for the banks.
04:24Okay, what is the balance of sentiment due to the earnings season
04:26and also the window dressing at the end of the year?
04:28This usually happens in the finance segment,
04:35so maybe this will be recommended again, or what is it like, Mr. Bima?
04:39Yes, I think at the beginning of the fourth quarter,
04:44the position of BKEPS,
04:47where there is usually a window dressing in the BKEPS shares,
04:52I think this will happen again at the end of the year.
04:56Why?
04:57Because the decline in BKEPS shares is generally above 10%,
05:01even if we look at the BBRI, it is already above 10%
05:05for a decline in the highest price for the BBRI shares.
05:08So I think this can also be one of the moments
05:11when we hope for window dressing
05:14and for the beginning of the fourth quarter, there has been a decline.
05:18We hope later in mid-November
05:21or until the beginning and end of December,
05:24it has been strengthened again
05:26with some sentiments related to the growth of financial reports
05:29and has also entered a period with a new government.
05:34I think this will also be an opportunity for our IHSK
05:37to reach its highest target level again.
05:40Okay, there are some sentiments that should be waited for,
05:43which is related to window dressing
05:45and also after the election president's interview,
05:50we can imagine what the economic policies will be like in the future.
05:55But if we look at the movement on the basis of banking,
05:58you just mentioned the BBRI,
06:00although it has reached a high level of strengthening,
06:03but then wait for the positive sentiment,
06:06then it can enter like that, right?
06:08That's right, Mr. Wiki.
06:09Okay, from the banking sector,
06:11we turn to the construction sector,
06:15which is compact, strengthening,
06:17is this then a sector that can be a temporary choice
06:22if we avoid the finance sector first?
06:26Or maybe this will be a sector for the long term, Mr. Bima?
06:31Yes, I think the construction sector is starting to increase
06:36the volume of transactions since the transition
06:39of the old government to the new one,
06:41which is currently underway,
06:43with a tendency to continue,
06:48so there is a word continue,
06:50which is here oriented by investors,
06:53will continue from the construction side,
06:55so from a month ago,
06:56actually for this construction sector,
06:58it has started to increase the volume of transactions.
07:01If we look from the point of view of the current movement,
07:05where investors are waiting for a momentum,
07:08I think for this construction,
07:10still in the short term,
07:12the emittance that exists in BUMN Karya,
07:17UJK Karya, PTPP, ADI,
07:19there is an increase in transaction volume,
07:21but if you look at the value of the transaction,
07:24it is still relatively far
07:26compared to the transactions that occur in the banks.
07:29Okay, if we specifically talk about the emittance,
07:33which one do you think,
07:34although the movement has started to move
07:37from a month ago,
07:38but in terms of valuation, it is still cheap
07:40and the upside potential is still attractive
07:42and can be used anywhere, Mr. Bima?
07:44Yes, I think the most interesting thing
07:47from the financial ratio is from PTPP.
07:50Remember, PTPP is one of the lowest,
07:53if we compare it to WIKA and also ADI,
07:56PTPP per ratio is only 9 times,
08:00we just compare it to UJK or WIKA at 20 times.
08:04Although, if we look at the market,
08:07it seems that investors are very interested,
08:09the domination is more in WIKA than in PTPP.
08:12But if we talk about valuation,
08:14indeed PTPP is much more interesting.
08:16We also look at PBV,
08:18PBV, PTPP is below 1x,
08:20the last one is at around 0.2x,
08:23compared to WIKA, WIKA is already at a level above 1x,
08:271.3x for PBV.
08:29So I think in terms of ratio,
08:31if we talk about cheap,
08:33from the financial ratio side,
08:34PTPP is better than UJK.
08:37Later, investors just have to see,
08:39if for a short period of time,
08:41we certainly see again
08:43where the most investors make transactions,
08:46whether in WIKA or PTPP.
08:48If what happened yesterday,
08:50there was quite a lot of domination in UJK.
08:53Strategic projects that are then handled by PTPP,
08:56maybe you know,
08:58and this can be a determining factor.
09:02Investors can then enter PTPP,
09:05of course, based on your analysis earlier,
09:08said that the price is still cheap.
09:13Yes, that's right.
09:14Maybe later we, for investors,
09:16who really want to see more deeply,
09:18related to UJK and PTPP,
09:20actually both of them are still experiencing a cash flow,
09:24which is negative, Mas Wiki.
09:25So actually, again, I will say,
09:28the moment that happened,
09:30which strengthened in the construction stock,
09:32the position was determined for a short period of time.
09:35If there is news related to the popularity of contracts,
09:37which is indeed very good,
09:39from UJK and PTPP,
09:41even PTPP on the financial side is more positive,
09:44compared to UJK,
09:46which in the first quarter,
09:47WIKA's minus is quite deep.
09:50While PTPP,
09:51until the first semester yesterday,
09:53the position is still positive,
09:55from the financial side,
09:56although it is the same,
09:57from the cash flow side, it is still minus.
09:59So I think,
10:00this second condition shows that
10:02we still have to wait for a short period of time,
10:04for the construction stock.
10:06If PTPP itself,
10:08the last price is at level 472,
10:10and indeed, as you said earlier,
10:123 months ago,
10:14it was moving, strengthening,
10:1620.41%,
10:171 month ago,
10:19in terms of months, I mean,
10:21it has strengthened 5.36%,
10:22and 1 week ago it has strengthened 3.51%,
10:25it is in a positive movement,
10:27but in terms of level,
10:29it is still at an interesting level,
10:31it is not expensive yet.
10:32The last level,
10:33can it be considered to be included,
10:34Mr. Bimamaya?
10:35Yes, for day trading,
10:37until the end of Friday,
10:38I think it is still very interesting,
10:39because the market is also very concentrated,
10:41in this sector.
10:42Okay.
10:43How about WIKA?
10:44Can it also be included in the short term?
10:46If we look at the movement yesterday,
10:48the movement is 11-12,
10:50between UJK and PTPP.
10:52I think,
10:53investors should choose
10:56PTPP or WIKA,
10:57please.
10:58I think they have the same momentum,
11:00just as a complement
11:02and a benchmark for UJK.
11:03Yesterday it was much more crowded,
11:05in terms of transaction frequency,
11:07compared to PTPP.
11:08Okay.
11:09For further information,
11:10we will discuss in the next session.
11:12Mr. Bima and investors,
11:14stay with us,
11:15we will be back soon.