Meski kinerjanya membaik di Kuartal III-2024, namun beberapa analis pasar modal menilai saham emiten bank digital masih belum layak untuk dikoleksi dalam jangka panjang. Analis saham menilai, rata-rata harga saham emiten bank digital sudah overvalued, sementara itu pergerakan sahamnya cenderung stagnan, bahkan betah di zona merah.
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TVTranscript
00:00Thank you for joining us, Mr. Prasad, and before I talk to the panelists,
00:05we will first take a look at the economic agenda.
00:08From the United States, there is data on raw oil stocks for the past week.
00:11Then from Europe, there is a report on the financial stability of the RBNZ.
00:16Then from France, there is data on the PMI.
00:20From Japan, there is the result of the Monetary Policy Conference.
00:23Then from India, there is PMI.
00:25Then from Vietnam, there is the Consumer Price Index.
00:28From Taiwan, there is the Consumer Price Index.
00:31And the next is the emitting agenda, which is interesting for us to discuss.
00:34GDIR, RUPS, SIDO, DPS, Interim Cash Dividend,
00:38WINS, Interim Cash Ex-Dividend, and BSSR, Interim Cash Ex-Dividend.
00:44And next, we will look at the opening of the main Asian exchanges this morning.
00:49Yes, for the main Asian exchanges, there is a strengthening compact this morning
00:53with Nikkei strengthening by 1.42% at level 39,022.
00:57SEIC, which is the first, strengthened by 0.23% at level 3,589.
01:01KOSPI Korea, which is the first, strengthened by 0.51% at level 2,589.
01:06And Hang Seng Hong Kong, which is the first, strengthened by 0.23% at level 3,589.
01:10And Hong Kong, which is the first, strengthened by 0.21% at level 3,589.
01:16And Hang Seng Hong Kong, which is the first, strengthened by 2.14% at level 20,1006.
01:27To discuss this morning, we have been connected through video conference.
01:31There is Mr. Raden Bagus Bima, the founder of WarCop Stock.
01:34Good morning, Mr. Bima.
01:37Yes, good morning, Mr. Nikkei.
01:39Yes, how are you, Mr. Bima?
01:42How are you?
01:43Good, thank you for joining us on MarketBuzz.
01:45If we talk about a concern that is then owned by a global investor
01:51related to the dynamics of the Peel Press,
01:54which a few times ago was shaken or perhaps felt psychologically
02:00there is such uncertainty
02:02because the competition between Kamala Harris and Donald Trump is very tight
02:07and also quite hot.
02:08But if we look at the closing data from the US stock market on Sunday,
02:12Compact was closed and strengthened,
02:16and also IHSG was closed and strengthened yesterday,
02:19even though it is not yet at level 7,500.
02:22What is your analysis like?
02:24How are the closing of this stock market in the US and also in Indonesia
02:29actually indicating something, Mr. Bima?
02:35Yes, of course, Mr. Wiki.
02:36So the market has been seen that in the last week yesterday
02:41in the last week,
02:43that our market conditions are more likely to be wet and sea.
02:46Whereas in the last week,
02:48there was also a moment where the financial data was released
02:53from several emitters until the end of last month.
02:56However, if we look at some of the actions of this investor,
03:01it does not look as aggressive as the release of the first quarter data
03:07in the first semester in 2024.
03:10So we do see,
03:12the investor is of course aware of the results of the PILPRESS
03:16and later the level of the flower tribe that will be announced in this week,
03:20and also PILPRESS,
03:21which maybe we can know the QACON results today or tomorrow.
03:27Of course, this will have a significant impact
03:32on the movement of our market in this week.
03:35And it should also be noted that we are indeed waiting for the FEDRAT data
03:42and also the results of the PILPRESS in the US.
03:45But it cannot be ignored that the release of financial data last week,
03:51which the majority of stocks have reported,
03:54is also the main focus at the moment.
03:57Although investors are currently waiting for two data
04:03from Global,
04:05but the financial report data that currently gives very good results,
04:10it also has a positive impact on the sentiment of the stock price.
04:15So in addition to looking at the data,
04:18we also need to look at the positive emittance energy
04:21and that is minimal to the sentiment of Global.
04:25Okay, it means that this is indeed a focus of the market itself
04:30if we talk about what is happening in the domestic market,
04:33there is a financial report,
04:34if it is outside,
04:36after this, the PILPRESS data from the United States has been implemented
04:41and also the focus is the optimism itself
04:45about the decision of the Central Bank of the United States
04:47will reduce the rate of inflation by a consensus of 25 basis points
04:52or do you see other projections, Mr. Bima?
04:56Yes, I think the tendency right now
04:59is that the market wants the fat rate condition to lower the flower rate
05:03but several times investors also need to anticipate
05:08if it turns out that the fat rate still holds in this November period,
05:12I think the impact is already anticipated in our market
05:16because I tend to see how this investor is shifting
05:21from the sentiment of the flower race that was in Global
05:25to the sentiment that is in our market
05:29which is related to financial energy.
05:31So I think our current wet and sea market
05:35will be responsible this week
05:37so that at the end of this week
05:39or at the beginning of next week,
05:41investors must be prepared with other sentiments
05:44welcoming the arrival of MSCI rebalancing
05:48or even get ready for the winter racing in December.
05:51Okay, MSCI rebalancing,
05:53there is a possibility that some will come out or some will come in
05:56from the MPTN-MPTN or companies in Indonesia.
06:00Okay, if we look at what happens in the domestic market
06:07if we focus on Samsung as a digital bank
06:11a while ago, an analyst said
06:14the price is already overvalued
06:17What do you think, Bima?
06:20Yes, of course, Wiki.
06:22For investors, we of course value these digital bank shares overvalued.
06:27Even if we look at the MPTN-MPTN
06:31which has released a financial report 9 months ago
06:35it seems that there is no significant growth.
06:38I only see the MPTN-BBHI
06:42or Alobeng
06:43whose position is to record a fairly significant net worth
06:49different from other digital banks
06:51which is around IDR 302 billion
06:53which as we know, the other digital banks
06:58besides the MPTN-BBHI, only Amar Bank
07:01whose position is above IDR 100 billion
07:03which is around IDR 152 billion
07:05that's just from the net worth
07:07which we see is still far from the expectations of investors
07:11if we look at the financial ratio
07:14almost the majority of all
07:16we can say from the P-E ratio
07:20for example, the position is very high
07:23for example, Arto
07:26as a fairly familiar bank in our current market
07:30has a pair up to IDR 331 billion
07:34so the investors assess
07:37whether the shares in this digital bank sector
07:40are determined only for a short period of time
07:42or only to take advantage of certain moments
07:45okay, so for the long term
07:47it's not interesting yet
07:49because the price is already so expensive
07:52that's right
07:53okay, in terms of volatility from the price itself
07:56is it quite fluid?
07:59so you see it quite interesting
08:02to be able to trade on the basis of digital banks
08:05Mr. Bima
08:06yes, I think it's still interesting
08:08especially I see from several digital banks
08:12there are Arto, BBHI, Agro, BBB, Amar, BABP
08:16there are several of them
08:19which in my opinion is quite interesting
08:21is from BBHI
08:23among the six banks, BBHI
08:26why BBHI?
08:27first, this is also one of the
08:30which has been in position for the last four years
08:32in a positive way
08:34for the last four years
08:36and in this year
08:37chances are the price is not going down
08:39not going down like
08:42other digital banks
08:44at least the same as in 2023
08:48and we also know that
08:51a factor that is very important in this digital bank
08:54is the defense of equity
08:57from each of these digital banks
08:59one of them
09:00the strongest equity at the moment
09:02in the digital bank that I mentioned earlier
09:04is only in Arto and also BBHI
09:06which is already in BBHI is 7 trillion equity
09:09then Arto is around 8 trillion
09:11different from other digital banks
09:13which is very thin
09:14the minimum number is around 3 trillion
09:16yes, this will of course be an investor's attention too
09:19considering that if it falls below that limit
09:22becomes a fairly important factor to consider
09:25okay
09:26but so far it looks like it's still interesting to be traded
09:29for Samsung based on a digital bank
09:32then how about Samsung
09:34that you recommended this morning
09:36we will discuss the next issue
09:38and stay with us
09:40we will be right back