Lagi, sektor teknologi menjadi pendorong utama penguatan IHSG perdagangan Rabu dengan kenaikan mencapai 5,51%.
Apa yang membuat investor melirik sektor teknologi? Bagaimana pula strategi investasi di sektor yang identik dengan volatilitas tinggi ini?
Apa yang membuat investor melirik sektor teknologi? Bagaimana pula strategi investasi di sektor yang identik dengan volatilitas tinggi ini?
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TVTranscript
00:00Let's go back to the market spotlight.
00:07YSG, which was closed, rose 1.82% to the level of 6,600, and the market responded positively
00:12with a 5% economic projection by Fitch Ratings.
00:16And the DCI stock, which again touched the auto-reject, rose by 10% to the level of 205,600
00:22per share.
00:23Then the BBCA stock rose by more than 2% to the level of 9,125.
00:29In total, the dividend distribution was 300 rupiahs per share.
00:32And let's go to the U.S. government's budget agenda.
00:35There is a federal budget, and then there is a unemployment claim.
00:39From Europe, there is data on industrial production, and also from Hong Kong, there is industrial production.
00:45From Australia, there is data on inflation expectations.
00:47Then from Thailand, there is data on consumer trust.
00:59From the movement, or from the information of the METAIN agenda, the BBND will hold the
01:05ROPS, then EXCEL in the form of a first-stage compulsory emission, I mean, a first-stage
01:12emission in 2019, and EXCEL, ROPSU, Sukuk Hijarah, will continue to the second stage in 2019.
01:20And next, we will look at the opening of the Asian major exchanges this morning.
01:26Yes, the Asian major exchanges this morning opened mixed with Nikkei, opened 1.1%,
01:32at level 37,223 SDI Singapore, opened weak, I mean, 0.29%,
01:39at level 3,821, and Kospi Korea, opened strong, 0.81%, at level 2,595,
01:47and Hang Seng Hong Kong, opened strong, 0.19%.
02:02For this morning's discussion, we are in contact with Ms. Sulis Tina Primasuci,
02:07Head of Investor Relations, Mandiri Utama Sekuritas.
02:10Good morning, Ms. Sulis.
02:12Good morning, Sir.
02:14Thank you for joining us on MarketBuzz.
02:17We talked about the ESG growth yesterday, almost 2%, at 1.82%.
02:22Some sentiment, or maybe the sector, is the driving force of the ESG movement
02:27in yesterday's trading.
02:29One of them is the strengthening of the technology sector,
02:31and then also from the banking sector.
02:33This is related to the sentiment of sharing dividends by the BCA Bank.
02:37Let's talk about the technology sector first.
02:40What made the investors in yesterday's trading
02:45to invest in technology-based stocks that are stronger than 5%, Ms. Sulis?
02:49Okay, if we look at the technology sector,
02:53as we discussed earlier,
02:55the interest of investors to invest in technology
03:00is from the earnings in 2024,
03:04which started to improve.
03:06For example, Goto just released a financial report
03:10in the full year of 2024.
03:12Also, next week,
03:15there will be an announcement by the Indonesian Flower Bank
03:18that the probability of US inflation,
03:22which just decreased last night,
03:24there is a probability for the flower branch.
03:26That's why the technology sector is very sensitive to the flower branch.
03:31That's why investors are interested
03:33to accumulate again in technology stocks.
03:36Okay, so this is just a technical sentiment,
03:40or actually there is a fundamental sentiment.
03:43So, if it's related to the improvement of energy,
03:47there is a fundamental improvement, right?
03:50Or what do you think?
03:53Yes, that's right.
03:54From the technology sector,
03:56some of the stocks that have been strengthened
04:00are also reflected in the results of energy in 2024.
04:03For example, there is an improvement from the previous loss
04:06to an impasse.
04:08For example, like in Goto,
04:10there is also an increase in oil and gas revenues
04:14in the third quarter of last year
04:17and also maybe the one that was just released in 2024,
04:20like in DCII, which was closed in the upper auto-reject.
04:25And also in DMMX,
04:27there are also improvements
04:29up to the latest report in the third quarter.
04:31So, indeed, the strengthening of these technology stocks
04:34is also in line with the improvement of energy
04:36from each of its emitters.
04:39So, the three technology-based stocks
04:41that you mentioned earlier,
04:43there is DCII, then there is Goto,
04:45and also DCMX.
04:47DCMX.
04:48DMMX.
04:49DMMX.
04:50Okay.
04:51Are these three technology-based stocks
04:53the ones that you recommend
04:55to be able to enter
04:57or maybe investors can appreciate?
04:59Or maybe if you enter,
05:00you have to wait for a correction first
05:02because it's already too expensive.
05:03Okay.
05:04Among the three stocks,
05:06I am more concerned about two.
05:08In DMMX and in Goto
05:10because of the market caps
05:12and also from the liquidity side,
05:14it's still interesting
05:16for you to follow
05:18in both DMMX and Goto.
05:20Then also in terms of energy,
05:22in the full year of 2024 yesterday,
05:26from Goto, it recorded a positive EBITDA
05:29of around 300 billion,
05:31which the loss has also been reduced
05:34by around 94%.
05:36From the previous year,
05:38the loss was around 90 trillion.
05:40Now, with the report
05:42on the full year of 2024,
05:44the loss is only around 5 trillion,
05:46although it is still a loss,
05:48but there is improvement in performance.
05:50Likewise with DMMX,
05:52from the second quarter yesterday,
05:54the performance was still recorded loss.
05:56In the last report,
05:58in the third quarter,
06:00there was an increase in EBITDA
06:02of around 156%.
06:04These are the two emitters
06:06that I am concerned about.
06:08In terms of price,
06:10the last price is interesting
06:12if you want to enter, Ms. Sulis.
06:14Yes, for DMMX and Goto,
06:16it is still interesting
06:18for the current level.
06:20Is there a target price
06:22until the end of the year?
06:24For the target price
06:26from Goto itself,
06:28I target maybe in the area
06:30around 92 to 95.
06:32As for DMMX,
06:34I am still quite optimistic
06:36at the level of 400 to 450
06:38considering that since last October,
06:40in DMMX, there has been a movement
06:42in the bullish trend
06:44if we relate it technically.
06:46Okay.
06:48Identical technology stock
06:50with high volatility.
06:52If we then look at the movement
06:54technically, specifically speaking,
06:56Goto is like that,
06:58there is quite a high volatility.
07:00What can be explained
07:02from the historical data,
07:04Ms. Sulis?
07:06And what is your opinion
07:08regarding this conclusion?
07:10Okay.
07:12For this technology stock,
07:14it is true that
07:16this is a fairly sensitive stock,
07:18especially for
07:20the flower tribe,
07:22which is concentrated
07:24because the technology sector
07:26is very dependent on funding.
07:28If the volatility is low,
07:30it will boost the investment
07:32and will certainly
07:34be a positive sentiment
07:36for the technology sector.
07:38So, when there is a probability
07:40of the flower tribe,
07:42apart from banking
07:44and property,
07:46it is the technology sector
07:48that is monitored by the investors.
07:50Okay.
07:52Apart from the three stocks
07:54that we discussed,
07:56do you think
07:58the other emittance
08:00in the technology sector
08:02is not interesting?
08:04From the emittance
08:06in the technology sector,
08:08it is still quite interesting,
08:10but maybe we still need
08:12a deeper analysis
08:14to see from the liquidity side
08:16because Samsung's
08:18technology sector
08:20is quite volatile.
08:22So, from me,
08:25we can still limit
08:27the movement
08:29and the risk.
08:31Okay.
08:33Let's move to
08:35the stock that
08:37experienced significant
08:39strength
08:41related to the announcement
08:43of dividend distribution
08:45from the BBCA.
08:47What is interesting
08:49about the stock movement
08:51from the BBCA
08:53today?
08:55Okay.
08:57The interesting thing
08:59from the yield side
09:01is around 2.8%
09:03compared to the current price.
09:05The interesting thing is
09:07among the other four big banks,
09:09the BBCA has the best
09:11performance.
09:13Because in January,
09:15it was recorded as positive
09:17around 5% compared to last January.
09:19So,
09:21the current position
09:23is still acceptable
09:25but it can buy on weakness
09:27at around 9,000.
09:29Okay, buy on weakness
09:31at around 9,000.
09:33Let's wait for the last level.
09:35Yes, that's right.
09:37Is there a target price for the BBCA?
09:39Okay, for the BBCA,
09:41I have a target
09:43around 9,500.
09:459,500
09:47will be achieved
09:49when, Ms. Sulis?
09:51Maybe in the middle
09:53of the second quarter.
09:55Okay, in terms of valuation
09:57compared to other friends
09:59in the banking sector,
10:01is the BBCA the cheapest?
10:03Or is there another option
10:05that investors can buy
10:07because the capital is limited
10:09and the price is still cheaper
10:11compared to the BBCA?
10:13If the price is cheaper
10:15and the valuation is interesting,
10:17because the BBRI
10:19decreased from the all-time high
10:21at 6,450
10:23to almost 50%
10:25or around 40%.
10:27Also,
10:29the PBV
10:31is starting to be interesting
10:33and it's the same as the previous
10:35COVID-19 position.
10:37So, you can accumulate
10:39gradually in the BBRI stock.
10:41Okay, what is the average price
10:43for the BBRI, Ms. Sulis?
10:45Okay, the average price
10:47for the BBRI
10:49is still around
10:514,000 to
10:534,500.
10:55Maybe the upside potential
10:57is not that big
10:59because we see that the trend
11:01is still smooth in the banking sector.
11:03Okay, the target in the middle
11:05will be closer
11:07to the average price
11:09or will it be above the average price
11:11for the BBRI, Ms. Sulis?
11:13Okay, for the BBRI,
11:15the average price
11:17is still around
11:194,500
11:21for the target.
11:23Okay, those are some of the
11:25sentiments related to the movement
11:27of the ISG
11:29in yesterday's strengthening
11:31of almost 2% or 1.82%.
11:33Okay, what are your
11:35choices in the next session?
11:37We will discuss with Ms. Sulis and Mr. Mirsa.
11:39Stay with us, we will be back soon.
11:41Thank you for staying with us,
11:43Mr. Mirsa. We will take a look
11:45at the data from the opening of the ISG
11:47from the opening of the 1st Session
11:49at Poolsbill in 2002
11:51in West Indonesia.
11:53And we will pass through the data from RTI.
11:55Mr. Mirsa, as you can see
11:57on the ISG television screen,
11:59the ISG continues to strengthen
12:01at level 6,697,424
12:03and strengthen
12:05at 0,49%.
12:07Four stocks that are in the top
12:09gainers are BBRI, Goto,
12:11Wi-Fi, then there is also
12:13MINE, and the top losers are
12:15MINA, IOTF, DATA
12:17and also SMEL.
12:19Mostly for
12:21sectoral movements,
12:23there is a strengthening, except
12:25cyclical and also industry
12:27which is weak at 0,03%.
12:29I mean
12:31weak at 0,03%
12:33for cyclical
12:35and also 0,16% for industry
12:38and the sector that
12:40so far is still leading
12:42is the technology sector
12:44that strengthens
12:46at 0,59%.
12:48The data continues to move
12:50and you can see
12:52at RTI.
12:54And next, we will present
12:56some of the choices this morning
12:58from Ms. Sulistina Primasuci
13:00Head of Investor Relations
13:02Mandiri Utama Sekuritas.
13:04Yes,
13:06we recommend ANTAM
13:08with support at 1,500
13:10resistance at 1,685
13:12then JPFA support at
13:142,050, resistance
13:16at 2,300, MAPI
13:18support at 1,520
13:20resistance at 1,650
13:22and Goto with support level at
13:2479 and resistance
13:26at 92, all of them
13:28are recommended.
13:30We go to ANTAM first
13:32Ms. Sulistina, although
13:34last time there was a negative
13:36issue like that
13:38but it didn't change your recommendation
13:40or analysis related to ANTAM.
13:42What is interesting about ANTAM, Ms. Sulist?
13:44Okay, if
13:46looking at ANTAM, the most interesting
13:48is from the commodity price
13:50which is still
13:52strong from gold commodities
13:54especially from
13:56uncertainty related to
13:58price war, this is still
14:00a positive sentiment
14:02for gold commodities
14:04one of them is in ANTAM
14:06if we see from the accumulation
14:08it is still quite interesting
14:10and from the price side it is not
14:12that expensive
14:14there is also a small gap in the area
14:16around 1,610 to 1,615
14:18so I
14:20am interested to
14:22enter ANTAM with target price
14:24around 1,685
14:261,685 at the end of the year for ANTAM?
14:28Yes
14:30maybe around the middle of the year
14:32Okay, if ANTAM
14:34actually
14:36when there is
14:38some issue that
14:40usually affect psychologically
14:42about the commodity price
14:44if ANTAM itself
14:46is not like that, although last time
14:48the issue was very strong, but some
14:50analysts recommend ANTAM
14:52because this is only
14:54a movement
14:56from the commodity community
14:58to the global community
15:00even though
15:02there is no such sentiment
15:04will it gradually weaken
15:06and change
15:08the recommendations of the analysts
15:10regarding ANTAM
15:12Okay, regarding the case
15:14in ANTAM related to
15:16the issue of fraud
15:18actually
15:20we go back
15:22to Kinerjaya
15:24regarding the commodity price
15:26there was a significant weakness
15:28like what happened on March 10
15:30the weakness was
15:32above 8%
15:34so when
15:36the news was released
15:38it was still for
15:40a short-term sentiment
15:42so in Kinerjaya
15:44ANTAM is still quite positive
15:46plus there is a strengthening of the commodity price
15:48so the news
15:50that spread may still be for
15:52a short-term sentiment
15:54Okay ANTAM, we move to
15:56Java Confed JPFA
15:58What is interesting about JPFA?
16:00Okay
16:02JPFA
16:04what I find interesting
16:06is the accumulation of foreign investors
16:08which is still quite large
16:10throughout this March, foreign investors
16:12were recorded on Netbuy
16:14every day in JPFA
16:16and if we look back
16:18for Kinerjaya in 2024
16:20it was also very positive
16:23for this industrial sector in JPFA
16:25so I still recommend
16:27buy for investors
16:29with target to level
16:312300
16:33Is it related to the festive season
16:35Ramadan and also
16:37Eid?
16:39Okay
16:41if we look at
16:43the season
16:45Eid is coming
16:47and Ramadan
16:49this is also a positive
16:51so the sales
16:53will increase
16:55Yes
16:57there will be an increase in demand
16:59and will be followed by an increase
17:01in the price of industrial products
17:03Okay
17:05From JPFA, we move to MAPI
17:07Ramadan and Eid sentiment
17:09or
17:11do you find
17:13other interesting indicators
17:15from MAPI?
17:17For MAPI
17:19even though today the correction is around
17:21minus 3%
17:23but as long as it remains above 1500
17:25friends can still buy on weakness
17:27because technically
17:29the first interesting thing is that it has
17:31breaked out above
17:33resistance MA200
17:35then the next Eid sentiment
17:37can still
17:39become
17:41a positive sentiment for MAPI
17:43because some
17:45stories may also have an increase in sales
17:47so it is also a positive sentiment
17:49for MAPI
17:51What makes MAPI more interesting than other retail sectors?
17:53Ms. Sulis
17:55MAPI is more interesting
17:57because from the side of
17:59business diversification
18:01it is quite a lot
18:03so not just in one field
18:05but in other fields
18:07that is what is interesting
18:09with this diversification
18:11when there is
18:13one business that is dropping
18:15the other can cover
18:17From MAPI to Gotoh
18:19we have discussed a little earlier
18:21but what is the completion like?
18:23For Gotoh
18:25I see
18:27even though the movement is quite volatile
18:29when it goes up and down
18:31it's pretty good
18:33but if we look since September
18:35in 2024
18:37entering the last quarter
18:39in 2024
18:41the Gotoh stock movement
18:43has been moving in a bullish trend
18:45with a higher low
18:47so technically
18:49there is a potential
18:51for a breakout in the 89 area
18:53and when it breaks out
18:55there is a potential for the target level
18:5792 to 95
18:59as I said earlier
19:01that is also supported by the energy
19:03that is starting to improve in 2024
19:05the hope is to continue
19:07the improvement of energy in 2025
19:09Those are some
19:11of the recommendations
19:13A little bit about the IHSG
19:15project today
19:17For IHSG
19:19today with
19:21the announcement
19:23that the US inflation
19:25is slowing down
19:27it is actually positive
19:29because there will be a flower shortage
19:31but the positive sentiment is
19:33that there is a resistance
19:35related to market uncertainty
19:37related to this tariff policy
19:39this tariff policy
19:41that supports the IHSG
19:43so that's why
19:45the movement is more
19:47stagnant today
19:49Okay
19:51stagnant
19:53but then there are some
19:55interesting things that can be included
19:57in today's trade
19:59Thank you for the analysis
20:01I hope this can be a reference
20:03for market players to invest today
20:05even though the decision to invest
20:08is in the hands of investors
20:10Good luck
20:12Thank you