Presiden baru AS, Donald Trump secara tegas mencabut mandat kendaraan listrik yang sebelumnya diinisiasi oleh Joe Biden.
Hal ini dikhawatirkan akan menjadi hambatan lagi pada permintaan nikel nasional. Terlihat hingga penutupan perdagangan Rabu, saham-saham terkait nikel justru berubah jadi negatif setelah sebelumnya di sesi I masih bukukan kenaikan.
Hal ini dikhawatirkan akan menjadi hambatan lagi pada permintaan nikel nasional. Terlihat hingga penutupan perdagangan Rabu, saham-saham terkait nikel justru berubah jadi negatif setelah sebelumnya di sesi I masih bukukan kenaikan.
Category
📺
TVTranscript
00:00RISK CONTROL
00:05To discuss this morning's topic, we have Mr. Christian Sitorus, Research MNC Security.
00:10Good morning, Mr. Christian.
00:12Hello, good morning.
00:14Thank you for joining us at MarketBuzz.
00:18If we talk about an issue that has become a concern for market players,
00:23especially those who see the sentiment of risk control as something that can be a trigger,
00:31or maybe a control from various sectors,
00:35but then the mandate related to electric vehicles in the United States,
00:38by Donald Trump, is revoked or pulled.
00:42How do you see the implications for nickel-based companies,
00:46or mining in Indonesia, Mr. Christian?
00:50Okay, maybe for the mining sector itself,
00:54for now, we still expect it to grow year-on-year.
00:59But this year's growth is also basically a low-based effect,
01:03where last year there was a delay in RKIB which caused a reduction in production.
01:07But we also see that there is still stagnancy at the level of $15,800.
01:16We also still have a positive attitude towards positive nickel mining.
01:20This is encouraged because of the growth of the nickel industry
01:23from the performance of companies that do smelter commissioning activities,
01:27such as the HPAL-MBM project,
01:30CERIA's RKIF, and MMP's smelter project.
01:35So these three smelter project activities,
01:39we hope this can encourage the nickel mining sector, especially for Indonesia.
01:44Okay, does this mean that there is a significant impact
01:50from Trump's revocation of the EV mandate,
01:54or maybe there is an effect that is not too significant, Mr. Chris?
02:03Okay, maybe if it's related to Trump's policy,
02:07basically we also see that Trump's policy
02:12affects global demand.
02:14Because nickel is one of the components for EV batteries,
02:18so this can also make the price of nickel go down,
02:21and the performance will definitely go down too.
02:25But on the other hand, we also see that for nickel,
02:30especially for Indonesia,
02:32we mainly export it to China.
02:35So in my opinion, also related to Trump's policy,
02:39it's not too significant.
02:41But maybe we have to notice that it's related to INCO's cooperation,
02:47where INCO cooperated with Ford and Huayou
02:50to build HPAL in Pomala,
02:52where the output of HPAL will be taken by Ford.
02:57But we also heard that the news will continue.
03:01So again, Trump's policy is related to EV,
03:04and it has a significant impact on companies in Indonesia related to nickel.
03:09Okay, your recommendation is related to Samsung based on nickel,
03:13what will it be like in the future?
03:15Or maybe in the medium term, what will it be like, Mr. Chris?
03:18Okay, for the medium term, we are still neutral positive.
03:22What is predicted is still growing
03:25because of the low effect from last year.
03:29And again, our positive view
03:31is because we mainly export nickel to China.
03:35And we also know that the activity of China's manufacturing is increasing.
03:40So the demand for nickel can also grow.
03:43In addition, from the government,
03:46it also supports the policy of industrial hillarization.
03:49So for nickel, the medium term is still growing,
03:52but there is a low base effect from last year.
03:55Okay, it means that domestically, this is still a potential.
03:59And then we still have other hopes globally,
04:02one of which is from China itself.
04:04Then how is your view related to automotive,
04:09which actually produces cars,
04:12which so far are mostly conventional vehicles.
04:15Like Astra, for example.
04:17What do you think this will do,
04:19maybe give a little positive impact?
04:23Okay, maybe for Astra itself,
04:26we know that,
04:29if it's related to the current effects,
04:33it doesn't really have a significant impact from Astra itself.
04:37Because for the people,
04:40especially Indonesian people,
04:42they mostly use non-EV.
04:44Because again, the infrastructure is very limited.
04:48So this is still a positive sentiment for Astra,
04:52it's still growing,
04:54related to non-EV conventional cars.
04:57Okay, it means that there is no real concern,
05:01related to the revocation or eviction of EV mandates
05:05in the United States by Donald Trump.
05:07Okay, let's move on to other things.
05:09Chris, related to the financial report in 2024,
05:12BNI has started to release an increase of 2.61%
05:15year-on-year to 21.46 trillion rupiah.
05:19If specifically talking about banks,
05:23or maybe we talk about BNI's emittance,
05:26how far has this financial report become an interesting thing
05:29for us to discuss,
05:30and maybe become a factor of consideration
05:32to be able to enter BNI?
05:34Okay.
05:35If we look at it based on the Full Year 2024 results yesterday,
05:40BNI booked its NPAP at 21.5 trillion,
05:44with a growth of 2.7% year-on-year.
05:47There are interesting aspects, if we look at it.
05:49The first one is,
05:51BNI has a new DHE,
05:54which can have a positive impact on liquidity,
05:58especially for BUMN banks.
06:01In December 2020,
06:03BNI's export results reached US$1.3 billion,
06:08which is equivalent to 13-15% of the total balance sheet.
06:13So, the increase in balance sheet balance
06:15from various stakeholders can also reduce financing costs.
06:19The main thing is to increase the demand
06:21for the employment loan.
06:23On the other hand,
06:25we also noticed that the LDR is still high,
06:28but again, BNI is still optimistic
06:31to achieve a credit growth of around 8% to 10%,
06:36which was supported by last year's savings growth,
06:39which was affected by 11%.
06:43On the other hand,
06:45there was a direct launch of BNI
06:47in Q4 2024,
06:49where BNI targeted a growth of 10% to 12%.
06:56So, we are still projecting a growth of 5% to 10% year-on-year.
07:01Okay.
07:02In terms of energy,
07:03it's still good fundamentally,
07:05but in terms of valuation, is it interesting?
07:07Is it still, quote-unquote,
07:09cheap to be collected by investors?
07:12We will continue in the next segment,
07:14specifically for BNI.
07:15Later, we will move on to other discussions.
07:17Stay with us.