Harga CPO Ngamuk Lagi, Sekarang Tembus RM 2.900/ton

https://www.cnbcindonesia.com/market/20191220105936-17-124674/harga-cpo-ngamuk-lagi-sekarang-tembus-rm-2900-ton

Harga saham enam emiten Grup MNC memerah, ada apa?

https://investasi.kontan.co.id/news/harga-saham-enam-emiten-grup-mnc-memerah-ada-apa

Fundamental Belum Oke, Harga Batu Bara Ogah Gerak

https://www.cnbcindonesia.com/market/20191220103626-17-124658/fundamental-belum-oke-harga-batu-bara-ogah-gerak

Emas Sedang Cuek, Hati-hati Tren Teknikal Lagi Jelek

https://www.cnbcindonesia.com/market/20191220143708-17-124737/emas-sedang-cuek-hati-hati-tren-teknikal-lagi-jelek

Trump Apes! Dimakzulkan, Kini Pemerintahan Terancam Shutdown?

https://www.cnbcindonesia.com/news/20191220065115-4-124613/trump-apes-dimakzulkan-kini-pemerintahan-terancam-shutdown

Jokowi Mau Setop Ekspor Batu Bara, Kontraktor Teriak!

https://www.cnbcindonesia.com/news/20191220150341-4-124763/jokowi-mau-setop-ekspor-batu-bara-kontraktor-teriak

Ekonomi Oke, Dana Asing Banjiri RI Rp 220,07 T

https://www.cnbcindonesia.com/news/20191220150050-4-124752/ekonomi-oke-dana-asing-banjiri-ri-rp-22007-t

Harga saham turun, begini valuasi saham emiten poultry, Kamis (19/12)

https://investasi.kontan.co.id/news/harga-saham-turun-begini-valuasi-saham-emiten-poultry-kamis-1912

Summarecon Agung Raised to Buy at Trimegah Securities

(Bloomberg) -- Trimegah Securities Tbk PT analyst Adi Prabowo raised the recommendation on Summarecon Agung Tbk PT to buy from neutral.

PT set to IDR1,200, implies a 20% increase from last price. Summarecon Agung average PT is IDR1,366.47.

Analysts raised their consensus one-year target price for the stock by 0.5% in the past three months. Targets range from IDR880 to IDR1,650

Summarecon Agung had 18 buys, 7 holds, 2 sells previously: Bloomberg data

Pakuwon Jati Cut to Neutral at Trimegah Securities; PT IDR600

(Bloomberg) -- Trimegah Securities Tbk PT analyst Adi Prabowo cut the recommendation on Pakuwon Jati Tbk PT to neutral from buy.

PT set to IDR600, implies a 7.1% increase from last price. Pakuwon Jati average PT is IDR716.25.

Analysts decreased their consensus one-year target price for the stock by 6.4% in the past three months. Targets range from IDR600 to IDR830

Pakuwon Jati had 16 buys, 7 holds, 1 sell previously: Bloomberg data

Schroders Sees Jakarta Composite Index Rising 8% in 2020

(Bloomberg) -- Tax reform to be among drivers for EPS and JCI growth next year, according to a top executive at Schroders Indonesia.

The asset manager expects EPS to grow 6%-8% next year, President Director Michael Tjoajadi tells reporters in Jakarta on Wednesday

Favors retail consumer, banking and telecommunication, while property sector remains challenging due to oversupply

Targets asset under management rises 7%-8% next year from 75t-76t rupiah at end of 2019

MS Sees Fiscal Push Aiding Asian and Emerging Market Equities

(Bloomberg) -- Fiscal measures in a backdrop of easy monetary policies and an initial trade deal between the U.S. and China will support Asian and emerging market stocks in 2020, Morgan Stanley strategists including Daniel Blake write in note Thursday.

Says fiscal policies will have the most impact in South Korea and Russia

Notes Japan has announced a multi-year stimulus, India has delivered corporate tax cuts and China is supporting infrastructure spending using local government bonds

Goes further overweight on South Korea saying tech cycle shows a “clearer upturn”

Maintains overweight on Russia citing yield and increasing domestic inflows

Keeps overweight on India, Indonesia and Brazil

Bank Indonesia’s Rate Seen Cut by 50 Bps in 2020:Fitch Solutions

(Bloomberg) -- The central bank to undertake two 25 bps rate cuts next year to spur economy as demand for loan remains weak, according to Fitch Solutions.

Rate cuts will not occur dramatically as rupiah will still be vulnerable to external headwinds

Fitch expects several public projects to resume over the forthcoming months, after elections and cabinet announcement dragged investment and causing weak domestic demand

Data shows sluggishness in the manufacturing sector as reflected on slower pace of loan growth in Oct. at 6.5%, compared to 7.9% in the previous month

“The continued weakness in domestic demand is likely to motivate further rate cuts in 2020.”

Fitch estimates growth to average 5.1% in FY 2019 before accelerating to 5.2% in 2020

Low inflation would provide enough room for the bank to cut rate without fear of stoking price pressures

Rupiah could become more vulnerable in 2020 due to the country’s dependency on foreign funds to finance its fiscal and current account deficits

Nose-dive in growth could trigger aggressive monetary easing with macro-prudential measures to boost liquidity, while a sharp depreciation of the rupiah will cause the bank to tighten its rates

IHSG hanya naik 0,02%, asing masih mengakumulasi saham-saham bank

https://investasi.kontan.co.id/news/ihsg-hanya-naik-002-asing-masih-mengakumulasi-saham-saham-bank

Sadis! 5 Saham LQ 45 Beri Cuan Lebih dari 50%
https://www.cnbcindonesia.com/market/20191217111346-17-123666/sadis-5-saham-lq-45-beri-cuan-lebih-dari-50?utm_source=twitter&utm_medium=oa&utm_content=cnbcindonesia&utm_campaign=cmssocmed

Amsyong! Bikin Rusak Investasi, 6 Saham LQ45 Ambles Lebih 30%
https://www.cnbcindonesia.com/market/20191216150438-17-123445/amsyong-bikin-rusak-investasi-6-saham-lq45-ambles-lebih-30?utm_source=twitter&utm_medium=oa&utm_content=cnbcindonesia&utm_campaign=cmssocmed

Mau Investasi di Sektor Properti? Simak 7 Hal Berikut ini

https://www.cnbcindonesia.com/investment/20191216203748-24-123581/mau-investasi-di-sektor-properti-simak-7-hal-berikut-ini?utm_source=twitter&utm_medium=oa&utm_content=cnbcindonesia&utm_campaign=cmssocmed

Astra International Snaps 2-Day Gain After Local Auto Sales Fell

(Bloomberg) -- Shares of Astra International fall as much as 1.4%, snapping 2-days of gains, after a report showed Nov. domestic auto sales contracted.

Astra’s sales -8.9% y/y following -14% in Oct.
“The overall Astra’s number was a surprise to us as our channel checks indicated that Auto2000 dealership recorded a 7% m/m increase in volume,” Citi analyst Ferry Wong writes in a report
NOTE: Indonesia’s November Domestic Auto Sales Fall 9.9% Y/y

Media Nusantara, Surya Citra’s TP Raised on Revenue View: CIMB

(Bloomberg) -- Collaboration between Media Nusantara Citra and Surya Citra Media on rate card would ease price war pressure and reshape the competition, benefiting the free-to-air TV, according to CGS-CIMB Sekuritas.

Considering the dominance of companies among FTA players and as TV remains the best platform for market shares without internet access, recent partnerships in rate card, content production, among others, could improve the earnings growth outlook for the media sector, analyst Willy Suwanto writes in a report
CGS-CIMB upgrades target price for Media Nusantara and Surya Citra to 1,850 rupiah and 1,700 rupiah, respectively, on higher rate card
- Raises FY 2020 net income forecast for Media Nusantara by 13%, Surya Citra 21%
- Surya Citra recommendation raised to add from hold, while Media Nusantara maintained at add
Upgrades the media sector to overweight from neutral
Key risks would be potential objection from the regulator on the rate card hikes and resistance from the advertisers

Erajaya Swasembada Raised to Buy at Trimegah Securities

(Bloomberg) -- Trimegah Securities Tbk PT analyst Darien Sanusi raised the recommendation on Erajaya Swasembada Tbk PT to buy from neutral.

PT set to IDR2,000, implies a 23% increase from last price. Erajaya Swasembada average PT is IDR1,936.50.
Analysts decreased their consensus one-year target price for the stock by 0.5% in the past three months. Targets range from IDR1,330 to IDR4,500

Erajaya Swasembada had 6 buys, 7 holds, 1 sell previously: Bloomberg data

Surya Citra Raised to Trading Buy at Mirae Asset Daewoo

(Bloomberg) -- Mirae Asset Daewoo Co.,Ltd. analyst Christine Natasya raised the recommendation on Surya Citra Media Tbk PT to trading buy from hold.

PT set to IDR1,650, implies a 15% increase from last price. Surya Citra average PT is IDR1,727.78.
Analysts decreased their consensus one-year target price for the stock by 8.3% in the past three months. Targets range from IDR1,280 to IDR3,550

Surya Citra had 12 buys, 1 hold, 1 sell previously: Bloomberg data

Indonesian Stocks Seen Rising 14% in 2020 on CPO Rebound: Mirae

(Bloomberg) -- The Jakarta Composite Index seen gaining to 7,140 by the end of next year as stable rupiah exchange rate and stronger palm oil price should boost purchasing power, according to Mirae Asset Sekuritas Indonesia.

The benchmark gauge seen gaining from its 2019 year-end estimate of 6,250, analysts Hariyanto Wijaya and Emma Fauni wrote in report
- Mirae assumes 9% earnings growth for Indonesian companies in 2020 with a valuation of 15.9x of its earnings, the 8-year average
- Jakarta composite may rise to 7,920 if corporate earnings grow 11% and the stocks traded at 17x
Investments is also expected to recover in 2020 from a slowdown this year on the back of better political certainty after the presidential election, as well as the plan to issue omnibus bill for job creation
Mirae sees consumer, industrial estate, metal mining, and poultry companies to lead the gain in Indonesian equities next year

Pakuwon Jati Among Indonesia Property Stocks Favored at CIMB

(Bloomberg) -- Developers’ 9-mo. marketing sales show improved demand for houses, according to CGS-CIMB report.

Lower borrowing costs, tax cuts, improving consumer confidence, prospect of eased foreign ownership rules may buoy sales, analyst Leonardo Tukiman writes

Ciputra Development Cut to Hold at Samuel Sekuritas

(Bloomberg) -- Samuel Sekuritas Indonesia analyst Ilham Akbar Muhammad cut the recommendation on Ciputra Development Tbk PT to hold from buy.

PT set to IDR1,150, implies a 9% increase from last price. Ciputra Development average PT is IDR1,344.37.
Analysts decreased their consensus one-year target price for the stock by 0.8% in the past three months. Targets range from IDR1,000 to IDR1,610

Ciputra Development had 21 buy, 5 holds, 1 sell previously: Bloomberg data

Indonesia’s Property Firms Set for Bumper Year, Analysts Predict

Keeps overweight rating on property shares
Top picks are Pakuwon Jati, Bumi Serpong Damai and Summarecon Agung

Ace Hardware Cut to Sell at Trimegah Securities; PT IDR1,500

(Bloomberg) -- Trimegah Securities Tbk PT analyst Darien Sanusi cut the recommendation on Ace Hardware Indonesia Tbk PT to sell from neutral.

PT set to IDR1,500, implies a 3.2% decrease from last price. Ace Hardware average PT is IDR1,686.67.
Analysts decreased their consensus one-year target price for the stock by 2.6% in the past three months. Targets range from IDR1,220 to IDR1,900

Ace Hardware had 4 buys, 14 holds, 6 sells previously: Bloomberg data

Industri Jamu Rated New Buy at Trimegah Securities; PT IDR1,500

(Bloomberg) -- Trimegah Securities Tbk PT initiated coverage of Industri Jamu Dan Farmasi Sido Muncul Tbk PT with a recommendation of buy.

PT set to IDR1,500, implies a 18% increase from last price. Industri Jamu average PT is IDR1,410.42.
Analysts raised their consensus one-year target price for the stock by 15% in the past three months. Targets range from IDR1,050 to IDR1,500

Industri Jamu had 11 buy, 4 holds, 0 sells previously: Bloomberg data

Mayora Indah Reinstated Neutral at Trimegah Securities

(Bloomberg) -- Trimegah Securities Tbk PT reinstated coverage of Mayora Indah Tbk PT with a recommendation of neutral.

PT set to IDR2,200, implies a 8.9% increase from last price. Mayora Indah average PT is IDR2,655.38.
Analysts decreased their consensus one-year target price for the stock by 6.8% in the past three months. Targets range from IDR2,000 to IDR3,300

Mayora Indah had 12 buys, 6 holds, 0 sells previously: Bloomberg data

Rupiah Is Top Pick for Standard Chartered as Carry Remains King

(Bloomberg) -- Indonesia’s rupiah is the top pick in Asia for Standard Chartered in 2020 as high-yield currencies will outperform within emerging markets in an environment of stable growth and low volatility, according to Mayank Mishra, co.’s global macro and FX strategist.

“Carry is likely to remain king,” Singapore-based Mishra says in a Bloomberg TV interview
Broad dollar weakness will likely be seen next year as sentiment is improving and period of U.S. growth “exceptionalism” is coming to an end
CNY likely to rise to 6.86/USD by middle of next year due to positive sentiment on the phase-one trade deal
- Yuan’s gains, however, are unlikely to be sustained in the medium term as China faces growth pressures and will likely decline to around 7 by the end of the year
KRW may continue to underperform as the semiconductor industry, especially the memory segment which is important to South Korea, could only rebound by mid-2020
READ: Trump Trade Deal Buys Xi Time Before Next U.S.-China Battle

Blue Bird Shares Jump After Gojek Said to Acquire 5% Stake

(Bloomberg) -- Shares gain as much as 5.1%, reversing a drop from previous day, after people familiar with the matter said Gojek is nearing a deal to acquire 5% stake in the taxi company.

Blue Bird shares +32% this month, trimming its year to date decline to 2.4%
NOTE: Gojek Said to Near Deal to Buy 5% of Taxi Operator Blue Bird

Bank Negara Indonesia Cut to Add at CIMB; PT IDR8,600

(Bloomberg) -- CIMB analyst Laurensius Teiseran cut the recommendation on Bank Negara Indonesia Persero Tbk PT to add from buy.

PT set to IDR8,600, implies a 14% increase from last price. Bank Negara Indonesia average PT is IDR9,039.25.
Analysts decreased their consensus one-year target price for the stock by 8.4% in the past three months. Targets range from IDR7,500 to IDR10,600

Bank Negara Indonesia had 24 buys, 4 holds, 1 sell previously: Bloomberg data

Indocement Raised to Buy at Kresna Graha Sekurindo

(Bloomberg) -- Kresna Securities analyst Andreas Kristo Saragih raised the recommendation on Indocement Tunggal Prakarsa Tbk PT to buy from hold.

PT set to IDR25,700, implies a 32% increase from last price. Indocement average PT is IDR20,666.36.
Analysts raised their consensus one-year target price for the stock by 4.6% in the past three months. Targets range from IDR13,000 to IDR25,700

Indocement had 6 buys, 16 holds, 9 sells previously: Bloomberg data

Semen Indonesia Raised to Buy at Kresna Graha Sekurindo

(Bloomberg) -- Kresna Securities analyst Andreas Kristo Saragih raised the recommendation on Semen Indonesia Persero Tbk PT to buy from hold.

PT set to IDR14,000, implies a 17% increase from last price. Semen Indonesia average PT is IDR14,709.52.
Analysts raised their consensus one-year target price for the stock by 2.1% in the past three months. Targets range from IDR8,050 to IDR18,500

Semen Indonesia had 24 buys, 5 holds, 3 sells previously: Bloomberg data

Kalbe Farma Reinstated Buy at Bahana Securities; PT IDR1,780

(Bloomberg) -- Bahana Securities reinstated coverage of Kalbe Farma Tbk PT with a recommendation of buy.

PT set to IDR1,780, implies a 15% increase from last price. Kalbe Farma average PT is IDR1,736.94.
Analysts raised their consensus one-year target price for the stock by 8.3% in the past three months. Targets range from IDR1,200 to IDR2,000

Kalbe Farma had 14 buys, 8 holds, 4 sells previously: Bloomberg data

Ramayana Lestari Raised to Buy at HSBC; PT IDR1,400

(Bloomberg) -- HSBC analyst Selviana Aripin raised the recommendation on Ramayana Lestari Sentosa Tbk PT to buy from hold.

PT set to IDR1,400, implies a 36% increase from last price. Ramayana Lestari average PT is IDR1,314.21.
Analysts decreased their consensus one-year target price for the stock by 23% in the past three months. Targets range from IDR1,100 to IDR1,810

Ramayana Lestari had 15 buys, 8 holds, 1 sell previously: Bloomberg data

Matahari Department Store Cut to Hold at OCBC Sekuritas

(Bloomberg) -- OCBC Sekuritas analyst Isfhan Helmy cut the recommendation on Matahari Department Store Tbk PT to hold from buy.

PT set to IDR4,000, implies a 7.8% increase from last price. Matahari Department Store average PT is IDR3,870.95.
Analysts decreased their consensus one-year target price for the stock by 19% in the past three months. Targets range from IDR3,150 to IDR11,700

Matahari Department Store had 6 buys, 12 holds, 4 sells previously: Bloomberg data

Gudang Garam Raised to Buy at Danareksa; PT IDR60,850

(Bloomberg) -- Danareksa analyst Natalia Sutanto raised the recommendation on Gudang Garam Tbk PT to buy from hold.

PT set to IDR60,850, implies a 17% increase from last price. Gudang Garam average PT is IDR60,796.54.
Analysts decreased their consensus one-year target price for the stock by 33% in the past three months. Targets range from IDR47,700 to IDR99,000

Gudang Garam had 20 buys, 8 holds, 3 sells previously: Bloomberg data

HM Sampoerna Raised to Hold at Danareksa; PT IDR2,100

(Bloomberg) -- Danareksa analyst Natalia Sutanto raised the recommendation on Hanjaya Mandala Sampoerna Tbk PT to hold from sell.

PT set to IDR2,100, implies a 1.9% increase from last price. HM Sampoerna average PT is IDR2,325.37.
Analysts decreased their consensus one-year target price for the stock by 36% in the past three months. Targets range from IDR1,450 to IDR4,000

HM Sampoerna had 14 buys, 10 holds, 6 sells previously: Bloomberg data

Waskita Karya Raised to Buy at Kresna Graha Sekurindo

(Bloomberg) -- Kresna Securities analyst Andreas Kristo Saragih raised the recommendation on Waskita Karya Persero Tbk PT to buy from hold.

PT set to IDR2,140, implies a 49% increase from last price. Waskita Karya average PT is IDR2,077.50.
Analysts decreased their consensus one-year target price for the stock by 8% in the past three months. Targets range from IDR1,400 to IDR4,870

Waskita Karya had 15 buys, 10 holds, 1 sell previously: Bloomberg data

Vale Indonesia Reinstated Buy at Bahana Securities; PT IDR3,950

(Bloomberg) -- Bahana Securities reinstated coverage of Vale Indonesia Tbk PT with a recommendation of buy.

PT set to IDR3,950, implies a 17% increase from last price. Vale Indonesia average PT is IDR4,062.27.
Analysts decreased their consensus one-year target price for the stock by 4.4% in the past three months. Targets range from IDR2,400 to IDR5,000

Vale Indonesia had 13 buys, 6 holds, 1 sell previously: Bloomberg data

Antam Reinstated Buy at Bahana Securities; PT IDR970

(Bloomberg) -- Bahana Securities reinstated coverage of Aneka Tambang Tbk with a recommendation of buy.

PT set to IDR970, implies a 15% increase from last price. Antam average PT is IDR1,201.67.
Analysts decreased their consensus one-year target price for the stock by 4.4% in the past three months. Targets range from IDR970 to IDR1,365

Antam had 13 buys, 1 hold, 0 sells previously: Bloomberg data

Bank Tabungan Negara Reinstated Buy at Bahana Securities

(Bloomberg) -- Bahana Securities reinstated coverage of Bank Tabungan Negara Persero Tbk PT with a recommendation of buy.

PT set to IDR2,600, implies a 21% increase from last price. Bank Tabungan Negara average PT is IDR2,225.88.
Analysts decreased their consensus one-year target price for the stock by 17% in the past three months. Targets range from IDR1,450 to IDR4,200

Bank Tabungan Negara had 12 buys, 7 holds, 2 sells previously: Bloomberg data

Bank Pan Indonesia Reinstated Buy at Bahana Securities

(Bloomberg) -- Bahana Securities reinstated coverage of Bank Pan Indonesia Tbk PT with a recommendation of buy.

PT set to IDR1,400, implies a 14% increase from last price. Bank Pan Indonesia average PT is IDR1,300.
Analysts decreased their consensus one-year target price for the stock by 13% in the past three months. Targets range from IDR1,200 to IDR1,500

Bank Pan Indonesia had 2 buys, 1 hold, 1 sell previously: Bloomberg data

Bank Permata Raised to Buy at RHB Research Institute

(Bloomberg) -- RHB analyst Ghibran Imran raised the recommendation on Bank Permata Tbk PT to buy from neutral.

PT set to IDR1,490, implies a 12% increase from last price. Bank Permata average PT is IDR1,100.
Analysts decreased their consensus one-year target price for the stock by 11% in the past three months. Targets range from IDR465 to IDR1,490

Bank Permata had 0 buys, 5 holds, 0 sells previously: Bloomberg data

Bank Danamon Reinstated Buy at Bahana Securities; PT IDR4,600

(Bloomberg) -- Bahana Securities reinstated coverage of Bank Danamon Indonesia Tbk PT with a recommendation of buy.

PT set to IDR4,600, implies a 9% increase from last price. Bank Danamon average PT is IDR4,707.78.
Analysts decreased their consensus one-year target price for the stock by 8.6% in the past three months. Targets range from IDR3,600 to IDR9,000

Bank Danamon had 5 buys, 6 holds, 1 sell previously: Bloomberg data

Nickel Set to Rally as Global Deficit to Persist in 2020: Bahana

(Bloomberg) -- Nickel price seen rising due to deficit in global nickel market as Indonesia implements an export ban on nickel ores, according to Bahana Sekuritas.

Ya Ampun! Sebulan, 24 Reksa Dana Ini Ambles 30% Lebih

https://www.cnbcindonesia.com/market/20191210231500-17-122043/ya-ampun-sebulan-24-reksa-dana-ini-ambles-30-lebih

Reksa Dana Saham Tekor, 10 Produk Ini Terbang Double Digit

https://www.cnbcindonesia.com/market/20191210225302-17-122042/reksa-dana-saham-tekor-10-produk-ini-terbang-double-digit?utm_source=notifikasi&utm_campaign=browser&utm_medium=mobile

Ekonomi Loyo! Bank Dunia Revisi Lagi PDB RI Tumbuh 5% di 2019

https://www.cnbcindonesia.com/news/20191211110332-4-122110/ekonomi-loyo-bank-dunia-revisi-lagi-pdb-ri-tumbuh-5-di-2019

ADB Pangkas Proyeksi Pertumbuhan Ekonomi China dan India dalam Level Signifikan

http://insight.kontan.co.id/news/adb-pangkas-proyeksi-pertumbuhan-ekonomi-china-dan-india-dalam-level-signifikan?utm_source=telegram&utm_medium=bot&utm_campaign=article

Saham anjlok, harta istri pendiri Gudang Garam (GGRM) lenyap Rp 36,4 triliun

https://investasi.kontan.co.id/news/saham-anjlok-harta-istri-pendiri-gudang-garam-ggrm-lenyap-rp-364-triliun

Happy cuan early window dressing member CTASaham meski IHSG cuma naik 1.1% sepekan ini.

SLIDE FROM PT BNI SEKURITAS

Media Nusantara-Surya Citra Pact Positive for Margins: Mirae (1)

(Bloomberg) -- Media Nusantara Citra confirmed it’s planning a collaboration with Surya Citra Media, and that will be positive for both companies’ profitability and margins, according to Mirae Asset Sekuritas.

The deal includes free-to-air TV rate-card floor prices and max discounts for customers, set standardized revenue collection days, joint content production and a share swap arrangement, analyst Christine Natasya writes in a report
The brokerage is concerned about the response from the Business Competition Supervisory Commission
Digital business revenue has yet to fully offset the decline in free-to-air TV revenue, Natasya says
Mirae has buy rating on Media Nusantara, hold on Surya Citra
Media Nusantara rises as much as 3.1%, +117% YTD
Surya Citra fell -2.8%, snapping 4-day gains; shares -23% YTD

Bank Danamon Reinstated Buy at BCA Sekuritas; PT IDR4,600

(Bloomberg) -- BCA Sekuritas reinstated coverage of Bank Danamon Indonesia Tbk PT with a recommendation of buy.

PT set to IDR4,600, implies a 18% increase from last price. Bank Danamon average PT is IDR4,772.78.
Analysts decreased their consensus one-year target price for the stock by 9.1% in the past three months. Targets range from IDR3,600 to IDR9,000

Bank Danamon had 5 buys, 6 holds, 1 sell previously: Bloomberg data

Bank Permata Rated New Hold at BCA Sekuritas; PT IDR1,100

(Bloomberg) -- BCA Sekuritas initiated coverage of Bank Permata Tbk PT with a recommendation of hold.

PT set to IDR1,100, implies a 14% decrease from last price. Bank Permata average PT is IDR1,200.
Analysts decreased their consensus one-year target price for the stock by 7.7% in the past three months. Targets range from IDR465 to IDR1,300

Bank Permata had 0 buys, 4 holds, 0 sells previously: Bloomberg data

Astra Agro Reinstated Buy at Bahana Securities; PT IDR15,900

(Bloomberg) -- Bahana Securities reinstated coverage of Astra Agro Lestari Tbk PT with a recommendation of buy.

PT set to IDR15,900, implies a 16% increase from last price. Astra Agro average PT is IDR13,480.
Analysts raised their consensus one-year target price for the stock by 12% in the past three months. Targets range from IDR9,675 to IDR16,160

Astra Agro had 13 buys, 4 holds, 0 sells previously: Bloomberg data

PP London Sumatra Reinstated Buy at BCA Sekuritas; PT IDR1,670

(Bloomberg) -- BCA Sekuritas reinstated coverage of Perusahaan Perkebunan London Sumatra Indonesia Tbk PT with a recommendation of buy.

PT set to IDR1,670, implies a 18% increase from last price. PP London Sumatra average PT is IDR1,484.50.
Analysts raised their consensus one-year target price for the stock by 12% in the past three months. Targets range from IDR1,010 to IDR1,800

PP London Sumatra had 13 buys, 2 holds, 1 sell previously: Bloomberg data

Bumi Serpong Cut to Sell at Maybank; PT IDR1,100

(Bloomberg) -- Maybank Kim Eng analyst Aurellia Setiabudi cut the recommendation on Bumi Serpong Damai Tbk PT to sell from hold.

PT set to IDR1,100, implies a 15% decrease from last price. Bumi Serpong average PT is IDR1,665.
Analysts decreased their consensus one-year target price for the stock by 2.4% in the past three months. Targets range from IDR1,100 to IDR2,200

Bumi Serpong had 20 buys, 8 holds, 1 sell previously: Bloomberg data

Bumi Serpong reported earnings and sales that trailed estimates for the quarter on Nov. 26.

Medco Energi Rated New Buy at UOB Kay Hian; PT IDR1,100

(Bloomberg) -- UOB Kay Hian initiated coverage of Medco Energi Internasional Tbk PT with a recommendation of buy.

PT set to IDR1,100, implies a 48% increase from last price. Medco Energi average PT is IDR1,002.50.
Analysts decreased their consensus one-year target price for the stock by 3.9% in the past three months. Targets range from IDR550.34 to IDR1,600

Medco Energi had 5 buys, 1 hold, 0 sells previously: Bloomberg data

Indonesia Coal Output Exceeds This Year’s Target

(Bloomberg) -- Coal output at 502.6 million tons as of Dec. 9, according to Bambang Gatot Ariyono, director general of minerals and coal at Energy and Mineral Resources Ministry.

Coal output compares with target of 489.7m tons, Ariyono says at event in Jakarta on Wednesday
Copper concentrate output at 1.3m tons vs. target of 1.8m tons
Tin production at 63,909 tons vs. target 70,000 tons
Nickel in matte production at 58,467 tons vs. target 78,000 tons
Processed nickel production at 1.5m tons vs. target 860,000 tons

COAL FLOWS: Australia Exports at July High; China Imports Climb

(Bloomberg) -- Australia’s exports of thermal and metallurgical coal expanded to 8.88m tons in the week to Dec. 6, the highest since late July, from 7.71m the week before, according to Global Ports data in AHOY DRY compiled by Bloomberg.

Newcastle port shipments climbed to 3.93m tons w/w from 2.65m
- NOTE: Most coal from Newcastle is thermal
Indonesian exports fell to 5.21m from 6.26m
China imports increased to 3.59m from 3.42m
Japan imports fell to 3.44m from 3.76m
South Korea imports rose to 2.47m from 2.27m
India imports gained to 2.51m from 2.24m

Surya Citra Jumps to 4-Month High on TV Prospect: Danareksa

(Bloomberg) -- Surya Citra gains as much as 6.2%, up for a third day, to the highest price since Aug. 5 as investors shop on low valuation and improving outlook, according to Danareksa Sekuritas analyst Andreas Kenny.

Investors were waiting for the MSCI adjustment on Dec. 6, and now they are more confident on the back of low valuation and prospect from its TV side after poor performance of Indosiar, Kenny says by phone
“Despite the rally, we still see room for gains because the price is still far from the fundamentals,” Kenny says
A further positive catalyst would be if its subscription-based streaming service vidio.com can attract new investors into the group

CP Indonesia Cut to Sell at Samuel Sekuritas; PT IDR5,800

(Bloomberg) -- Samuel Sekuritas Indonesia analyst Yosua Zisokhi cut the recommendation on Charoen Pokphand Indonesia Tbk PT to sell from hold.

PT set to IDR5,800, implies a 16% decrease from last price. CP Indonesia average PT is IDR5,615.38.
Analysts raised their consensus one-year target price for the stock by 23% in the past three months. Targets range from IDR4,100 to IDR7,300

CP Indonesia had 1 buy, 8 holds, 7 sells previously: Bloomberg data

Bank Negara Indonesia Raised to Buy at Kresna Graha Sekurindo

(Bloomberg) -- Kresna Securities analyst Robertus Hardy raised the recommendation on Bank Negara Indonesia Persero Tbk PT to buy from hold.

PT set to IDR8,550, implies a 13% increase from last price. Bank Negara Indonesia average PT is IDR8,991.33.
Analysts decreased their consensus one-year target price for the stock by 8.9% in the past three months. Targets range from IDR7,500 to IDR10,600

Bank Negara Indonesia had 23 buys, 5 holds, 1 sell previously: Bloomberg data

Sido Muncul Rated New Buy at Sucor on Revenue Growth Outlook

(Bloomberg) -- Revenue growth outlook of Industri Jamu & Farmasi Sido Muncul will be supported by its exports to 15 countries with sales expected to grow at a compounded annual rate of 11% in the next three years, according to Sucor Sekuritas.

Revenue growth over three years seen accelerating from 7.6% average between 2015-2018, analyst Jennifer Widjaja writes in report
Sucor sets target price of 1,480 rupiah
Exports account for 5% of Sido Muncul’s revenue currently compared with 2% in previous years: Sucor

Indonesia Targets to Finish Palm Oil Replanting in Seven Years

(Bloomberg) -- Indonesia targets to complete replanting program for total 2.4 million hectares of old oil palm trees owned by smallholders, said Dedi Junaedi, director of estate crop processing and marketing at Agriculture Ministry.

Country has replanted 120,353 hectares since 2017, Junaedi said in a discussion in Jakarta on Monday
The ministry has issued recommendation to replant 71,877 ha out of 180,000 ha target this year
State-owned Estate Crop Fund for Palmoil has disbursed 2.3 trillion rupiah to finance replanting since 2017

Palm Oil Climbs to Highest Since Early 2017 as Rally Extends

Indonesia Targets to Finish Palm Oil Replanting in Seven Years

Country has replanted 120,353 hectares since 2017, Junaedi said in a discussion in Jakarta on Monday
The ministry has issued recommendation to replant 71,877 ha out of 180,000 ha target this year
State-owned Estate Crop Fund for Palmoil has disbursed 2.3 trillion rupiah to finance replanting since 2017

Indonesia Raises Coal Benchmark Price to $66.30/Ton for Dec.

(Bloomberg) -- Price raised from $66.27 per ton in Nov., Energy and Mineral Resources Ministry says in statement. To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

*CREDIT SUISSE UPGRADES INDONESIA EQUITIES TO OVERWEIGHT TP 6,500 in 2020

Window dressing IHSG bakal didorong oleh saham-saham perbankan, siapa saja?

https://investasi.kontan.co.id/news/window-dressing-ihsg-bakal-didorong-oleh-saham-saham-perbankan-siapa-saja

Inikah saham-saham yang berpeluang mendorong window dressing?

https://investasi.kontan.co.id/news/inikah-saham-saham-yang-berpeluang-mendorong-window-dressing

IHSG terus terpuruk. Ada masalah struktural di pasar Indonesia

https://investasi.kontan.co.id/news/ihsg-terus-terpuruk-ada-masalah-struktural-di-pasar-indonesia

Saham MAPI incaran asing, setahun kasih cuan 35,15%!

https://investasi.kontan.co.id/news/saham-mapi-incaran-asing-setahun-kasih-cuan-3515

Begini rekomendas analis untuk saham-saham milik 10 orang terkaya di Indonesia

https://investasi.kontan.co.id/news/begini-rekomendasi-analis-untuk-saham-saham-milik-10-orang-terkaya-di-indonesia

Saham TLKM paling laris diborong asing, ini cuan kalau beli setahun lalu

https://investasi.kontan.co.id/news/saham-tlkm-paling-laris-diborong-asing-ini-cuan-kalau-beli-setahun-lalu

IHSG menanjak, 7 dari 10 saham LQ45 PER terendah ini ikut naik

https://investasi.kontan.co.id/news/ihsg-menanjak-7-dari-10-saham-lq45-per-terendah-ini-ikut-naik

IHSG menguat 2,91% sepekan, asing menadah sejumlah saham kelas kakap

https://investasi.kontan.co.id/news/ihsg-menguat-291-sepekan-asing-menadah-sejumlah-saham-kelas-kakap

IHSG naik lagi, PER dan PBV 20 saham LQ45 ini perlu dicek

https://investasi.kontan.co.id/news/ihsg-naik-lagi-per-dan-pbv-20-saham-lq45-ini-perlu-dicek

Waskita Beton Precast Cut to Hold at OCBC Sekuritas; PT IDR300

(Bloomberg) -- OCBC Sekuritas analyst Maradona Liga cut the recommendation on Waskita Beton Precast Tbk PT to hold from buy.

PT set to IDR300, implies a 0.7% decrease from last price. Waskita Beton Precast average PT is IDR390.
Analysts decreased their consensus one-year target price for the stock by 15% in the past three months. Targets range from IDR300 to IDR880

Waskita Beton Precast had 7 buys, 3 holds, 0 sells previously: Bloomberg data

Erajaya PT, Profit Estimates Cut at CGS-CIMB on Higher Costs

(Bloomberg) -- Erajaya Swasembada target price slashed by 20% to 2,800 rupiah per share at CGS-CIMB as higher costs will put pressure on its net income this year and in 2020, analyst Patricia Gabriela writes in report.

Lowers profit estimate by 25% for 2019, 4.3% for 2020 and 7% for 2021, citing higher salary and rental expenses
Implementation of IMEI registration in Indonesia could boost the company’s 2020 mobile phone sales by 18%
Seasonal factors and the introduction of the iPhone 11 in Indonesia this month may help lift 4Q earnings
Sales of JUUL e-cigarettes have been doing well even as distribution has been limited since the negative publicity on vaping
NOTE: Nov. 22, Indonesia May Join Growing Vaping Ban as Illness Hits Asia (1)

Japfa Comfeed Raised to Buy at UOB Kay Hian; PT IDR2,000

(Bloomberg) -- UOB Kay Hian analyst Benyamin Mikael raised the recommendation on Japfa Comfeed Indonesia Tbk PT to buy from hold.

PT set to IDR2,000, implies a 20% increase from last price. Japfa Comfeed average PT is IDR1,957.73.
Analysts raised their consensus one-year target price for the stock by 13% in the past three months. Targets range from IDR1,000 to IDR3,100

Japfa Comfeed had 13 buys, 2 holds, 1 sell previously: Bloomberg data

Kinerja IHSG pekan lalu -1.45 T dengan foreign Sell Rp 2.67 triliun, kondisi oversold daily (low 28 Nov di 5.939) & mendekati oversold weekly, dapat extend rebound jika break & closed diatas 6.080 (next trendline di 6.290). Berikut jadwal pembagian dividen dari 6 saham & saham termahal & termurah secara Fundamental. Sebelumnya rekomendasi saham CTASaham '"anti badai' minggu lalu BRPT (hit target Rp 1.400), MAMI (hit target Rp 392) 🎯.

Kinerja IHSG bulan November -3.15% (sesuai dengan warning CTASaham "Winter is Coming; simple & akurat counting wave IHSG 2 Okt & 8 Nov ), foreign net sell November Rp 6.71 triliun. Berikut saham yang mengalami kenaikan & penurunan di bulan November.