"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Rabu (15/01/2025) dengan Tema Analisis Saham BBRI, BMRI, EMTK, MNCN".
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00:00Thank you for joining us. We will continue our discussion with Mr. Genji Putrajahaya.
00:10We will discuss a little bit about the additional emission, especially nickel.
00:14Yesterday, many people experienced a significant increase.
00:17It seems to be led by the income. As we can see, the coverage increased by 7%.
00:22You said that the optimism about the nickel commodity in the middle of the quota limitation of nickel seeds from Indonesia,
00:31we can say that we are the biggest player.
00:33So there is a possibility that about 35% of the global market will be lost.
00:38But there are obstacles in the demand that are still weak,
00:42even though we are still optimistic that the price of nickel can rise.
00:46Is there any recommendation for nickel stocks,
00:49even though it has experienced a significant increase in trade yesterday, Mr. Genji?
00:54Okay, for nickel, because there is a strong cut signal,
01:00at least almost half if we compare it on year.
01:05So a little stock, even though the demand is not too much, the price is a bit weak.
01:10But usually if the demand is still not too strong,
01:15usually for this long run, it will not be corrected again.
01:18So in my opinion, for investors who want to buy nickel commodities,
01:25they can buy it below the MA20 area or when it comes to support.
01:31Because usually there will be correction, normal consolidation.
01:37Mr. Ingan, what are the recommendations from commodities?
01:40Because there are a lot, there is DAAS, DKFT, INKO,
01:43then we see on the screen there is also HARUM, ANTEM TEAMS,
01:46which all strengthen even though the percentage of their strength is different.
01:51From my point of view and in terms of valuation, HARUM is still quite interesting.
01:54It means that we can collect and also for INKO,
01:58it is indeed one of the market leaders to be nickel.
02:03So I think HARUM and nickel in terms of valuation is usually interesting
02:07for investors who want to collect in a fairly large amount for a medium-to-long term.
02:13Okay, medium to long, not for the short term.
02:16Okay, that's the recommendation when it comes to optimism or hope
02:21in the middle of the price of nickel that is projected to experience an increase.
02:25Okay, let's go back to the recommendation in the middle of our discussion
02:29about what are the indicators for retail investors in the middle of the domestic market?
02:34There are stocks that are dominated by banking from Mr. Kenji.
02:38The analysis options are BBRI Buy on Weakness with an entry price of Rp 3,700,
02:45which we show is resistant at Rp 4,000, then there is a target price at Rp 4,150.
02:56Then there is Bank Mandiri, resistant at Rp 5,600, target price at Rp 5,775.
03:01Buy on Weakness, EMTK Trading Buy with resistance at Rp 580, target price at Rp 615.
03:10And MNCN, there is resistance at Rp 338, target price at Rp 378.
03:17These are the first targets, then the long-term targets.
03:21Let's start with BBRI and BMRI, they still have to be bought at a low price.
03:27The weakness of Mr. Kenji is not over yet, right?
03:31That's right, if we look at the current situation, we can see that the 4N sentiment is still out slow,
03:38which is for the beginning of 2025, so in my opinion there is still a potential for further correction.
03:43So it's quite wise if we are better, we will consider to buy on Weakness.
03:53So we can accumulate a little bit, once later for 4N also enters our domestic market,
04:00and we see that the purchasing power in the domestic market is also quite good,
04:05usually it will be as good as the domestic market.
04:08What is it that makes this banking weakness is not over yet?
04:16Sensitive to the macro policy, because the Fed itself, if we look at it, is still a hawkish,
04:22so it is still predicted that it will maintain its high flower rate for a longer time,
04:30so in the near future there is no potential to reduce the flower rate again,
04:37so it is still sustainable, and also the stimulus in the country,
04:40also yesterday at the beginning of the year, like PPN, all kinds, even though there is finally relaxation,
04:46so the uncertainty is still quite dry at the beginning of the year,
04:51usually the investor is more with MC first,
04:54so for big capitalization funds like this bank, it is still a challenge for the investor or our domestic trader.
05:04It will still be a challenge.
05:05Well, this week's flower rate announcement,
05:09what is the direction of the two banks that you recommend in the short term?
05:14You see today there is still a tendency to continue weakening, and what are the targets?
05:20Okay, for RBGBI, we predict that it will be held first for the flower rate,
05:26like this, there is no further decline so that we are not too dependent on the US market.
05:34For the bank itself, I think it is also a positive sentiment,
05:38so it is a momentum to be able to rebound from the level of support,
05:43especially for BRI and BMRI because it is quite deep in the correction,
05:48maybe investors have started collecting from the end of last year for BRI and BMRI,
05:56so I think this can be a momentum,
05:59at least later to be able to rebound, profit taking, partial, we can be part of the profit taking first.
06:05Okay, entry price at what level?
06:07Because what appeared earlier in the graph is the first resistance target, then the target price.
06:13If to enter because you recommend buying at the price of buy on weakness, what is the position?
06:18Okay, for BRI actually the entry price at buy on weakness is 3,700,
06:22this morning we see that the position is rising,
06:26this is already starting,
06:29but for friends who still want to enter below 3,900,
06:34I think it's still quite okay to be able to take a momentum,
06:39the momentum is short and medium for us to continue profit taking for BRI.
06:44Okay, below 3,000?
06:453,900 can still enter.
06:47Below 3,900 is still interesting to buy in BRI, with stop loss at what level?
06:53The stop loss is in the area of ​​3,650 and also the resistance,
06:59actually the first resistance at 4,000, for the nearest target 4,150.
07:03That's the BRI recommendation, independent bank.
07:05Independent, entry price at what level, then target stop loss at what level?
07:11For independent, if buy on weakness, I recommend the area of ​​5,300 to 5,400,
07:18but for friends who still want to enter below 5,600 is still quite okay, now it's 5,500.
07:28For the nearest target price at 5,775, stop loss in the area of ​​5,200,
07:37and for the resistance in the area of ​​5,600 again.
07:425,600 then the target is 5,775, entry price at 5,300 and stop loss at 5,175.
07:53The next stock out of the BKEPS banking sector is EMTK, trading buy,
07:58this is different from banking earlier, this is short-term trading,
08:01why from so many stocks that are shining lately in the middle of index weakness,
08:07you prefer to trade EMTK?
08:11EMTK now if we look at the trend in the middle,
08:16if we look at the macro and micro economy, the uncertainty is still quite there,
08:23capital outflow, I don't think the EMTK technology sector is refreshing in the domestic market,
08:32and there is also information, I think the market players already know that
08:39for the digital bank Superbank Vietnam, the plan is to IPO and hold the majority of EMTK,
08:46so it becomes a new business potential from EMTK.
08:50Is this what made the technology sector yesterday,
08:53at first it was the one that strengthened the stock market,
08:55then in the end, the technology sector strengthened, is there a link?
09:00For technology, it's usually linear,
09:05if there is a lack of macro and micro economy, usually the tackling will follow,
09:11because it's also challenging for them from the capital side.
09:16But I see the opportunity because the trend in Indonesia is also increasing,
09:21the group, both the big group and the business line,
09:26I think it's an opportunity for Pima Dona, in the middle of the uncertainty market that exists now.
09:32But why do you only go to trading?
09:34Is the fundamental not suitable for the medium-term investment?
09:40For technology, I prefer not to invest in long-term,
09:48because it's usually quite volatile.
09:51What about MNCN, Accumulative Buy?
09:55For MNCN itself, if we look at last week,
09:59the net borrowing by is about 6.34 billion.
10:06Fundamentally, it's pretty good,
10:08because the net borrowing has grown by about 5.4%.
10:13Again, the majority holder is MTK for MNCN,
10:18so it's pretty good for the business line,
10:22for the on-air shows and so on,
10:25and the medium-term payment is also pretty good.
10:29So I think MTK and MNCN are linear,
10:33for us to take advantage of the short-term trading momentum.
10:37Okay, but why is it different?
10:38Some are trading, some are accumulative buy.
10:41Earlier you said MTK is just trading,
10:43while MNCN is accumulative buy.
10:44What is the difference?
10:46Back to the fundamentals,
10:47as Mrs. Prisa said earlier,
10:49fundamentally, I think MNCN is pretty good.
10:53Year-on-year growth, foreign trade is also included.
10:58We can hold a little longer,
11:01compared to MTK,
11:03to be able to take a little more profit.
11:06That's what makes it different.
11:07What are the levels that must be covered in MNCN?
11:10MNCN, for the entry price,
11:13is actually in the area of Rp. 282,290.
11:15If we look at it now,
11:18it's still in the area of Rp. 282,290.
11:21I think we can take advantage of the momentum for accumulative buy.
11:24Accumulative buy, yes.
11:25A little bit about our Rupiah.
11:27So the attention is also not from FHC Securities,
11:29with the current figure of almost Rp. 16,300,
11:31even though it was reduced.
11:33And maybe today,
11:34according to the bank's decision,
11:36or the intervention of Bank Indonesia,
11:38it will also experience a little reinforcement again.
11:40But what is the concern with the value of the Rupiah exchange,
11:43which is indeed triggered by the dollar,
11:45which is bouncing like that.
11:47There is a possibility that later,
11:49the weakness will be more from the current position.
11:53That's right.
11:54Indeed, what is considered at the current level,
11:57is quite high.
11:59That's why we see from the policy makers,
12:03to create special strategies,
12:05especially BI,
12:06to be able to resist.
12:08In my opinion,
12:10how the government,
12:13and also BI,
12:14will also provide stimulus to be able to resist.
12:18At least, don't get deeper into Rupiah weakness.
12:21Because usually it will be linear again.
12:24It goes back to our economy too.
12:26Especially the emissions,
12:28which are usually for the promotion,
12:31or the payment,
12:33or the income,
12:34based on USD.
12:36This can be an issue itself.
12:38And usually, the Rupiah that is triggered,
12:40is certainly less good,
12:42the impact for the banking sector,
12:45in our country.
12:47Banking correction again,
12:48to catch up the potential,
12:50the IHSG is difficult,
12:52the rebound will increase in the future.
12:54The multiplier effect of this Rupiah is quite a lot.
12:57So what is expected is,
12:58there will be an intervention soon,
13:00so that the Rupiah will strengthen soon.
13:02And if possible, it will be stable.
13:04Okay, we go to the trading announcement.
13:06The trading announcement shows,
13:07at 9.10 p.m. WEST INDIAN TIME,
13:09based on the data that we have,
13:11the IHSG is often reversed,
13:14and experienced a 0.75% strengthening in 2008.
13:19Back to around 7,000,
13:20after 2 days of downturn,
13:21experienced quite a significant slowdown.
13:23And this strengthening,
13:25accompanied by the tightening of sectors,
13:28which are all compactly moving in the green territory,
13:30such as the column on the far right,
13:33on your television screen,
13:34you are still leading,
13:36then there is a property in the second position,
13:38with each strengthening of 1.6% and 1.24%.
13:43All sectors are green,
13:44and gainers are some BRI,
13:47one of the recommendations from Mr. Kenji earlier,
13:49to accumulate buy on weakness,
13:53strengthening 2%,
13:543870,
13:56Cuan 4%,
13:57Wifi 21% at 715 PTRO,
14:01EMTK,
14:02as seen from Mr. Kenji,
14:03still behind 10%,
14:05SCMA 3.85%,
14:08DAAS 3.42%,
14:11BRPT,
14:12Ratu Pemirsa again,
14:13auto-reject above,
14:14and already,
14:15if until the closing of this afternoon,
14:17still auto-reject,
14:18it means it's been 6 days of downturn,
14:20Ratu, this new emitter, auto-reject.
14:22Then, Pemirsa BRMS,
14:25BRRC,
14:27BUMI, GPSO,
14:29BSML,
14:31HGII, DEWA,
14:32and there are also CHEM,
14:33as well as WIKA,
14:34CMR, which are losers based on value.
14:37Mr. Kenji,
14:39some of your salams have entered the top gainers,
14:41still being chased or patient,
14:44buying at a low price?
14:46For some recommendations,
14:49such as MANDI and BRI,
14:52if BRI is below 3,900,
14:55MANDI is below 5,655,
15:02but it can still go up.
15:04MTK?
15:05MTK is already 5,950.
15:10MTK can still go up,
15:12because this is a short-term trend,
15:15so we can still apply momentum.
15:18Usually, the market still has consolidation.
15:21Still has consolidation.
15:23To sum up,
15:25if we talk about the tips for retail investors,
15:28it is to still respect the blue chips,
15:30which have good fundamentals,
15:32and there is a potential for dividend sharing,
15:35and you just recommended banking,
15:39is there any additional tips for retail investors?
15:44For retail investors,
15:46usually in a market like this,
15:48it's a bit tricky.
15:51We have to be diverse,
15:53for the options we want to sell,
15:56for our portfolio.
15:58I still look for good fundamentals,
16:02such as big banks and cheap,
16:04I sell it,
16:05but for opportunities in the sector,
16:07such as technology,
16:09and also for MNCN,
16:11I think it's a good opportunity
16:13for us to trade in the short term.
16:16So, while waiting,
16:18we get a dividend from the big banks.
16:22Okay, so don't just put eggs in one basket.
16:25There are some for medium-term investment,
16:28from blue chips,
16:29but the strategy also has to be right,
16:31then don't miss the momentum from the banks
16:34who are still trading in the short term.
16:38Okay, Mr. Kenji,
16:39thank you for sharing this morning's information
16:41in the market.
16:42Unfortunately, our time is limited,
16:43see you again.
16:44Good morning.
16:45Thank you, good morning.
16:47Again, Mr. Mirza,
16:48the investment decision,
16:49about what we discussed,
16:51this can be a recommendation for you,
16:53but the decision is entirely in your hands.