IHSG +0,41% ke 7.658,979 di sesi I Jumat (30/8). IDX Sektor Teknologi +0,74%. IDX Sektor Infrastruktur +0,71%, IDX Sektor Transportasi dan Logistik +0,67% dan IDX Sektor Barang Konsumen Non-Primer +0,44%. IDX Sektor Kesehatan menjadi sektoral dengan pelemahan terdalam -0,66%. Dari sisi saham, BREN jadi penopang terbesar IHSG menguat 2,64%.
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TVTranscript
00:00Thank you for joining us in this segment, we will review how the business is going in this long weekend.
00:13The projection is for next week, and also for the long term.
00:16And we will not go back, you can still join us on our interactive WhatsApp at 0812.8788.7723
00:24as shown on your TV screen later.
00:26We are joined by Mr. James Evan Tumpuan, Head Investment Specialist in Securities.
00:33Mr. Evan, good afternoon. How are you?
00:37Thank you, David. I'm good. I'm fine.
00:42Thank you for taking the time, Mr. Evan.
00:45We are back in business at the weekend.
00:48In the last few weeks, Indekargasam Kabungan has at least 12 to 13 times
00:54set a new record.
00:56However, in the second trading session today, the strength is more limited.
01:00And earlier, Indekargasam Kabungan was moving in the red zone.
01:04Mr. Evan, what is the analysis for Indekargasam Kabungan in the last few weeks?
01:10Yes, if we look at the movement of Indekargasam Kabungan for the last week,
01:16if we look at today, it has strengthened by more or less 2%.
01:21We can see the highest level of Indekargasam Kabungan in the last few days.
01:26It was 7,700 yesterday.
01:28The level of psychological resistance for the movement of ISG.
01:32And for the next few days, maybe next week, there is still a potential for correction.
01:37Because I see that Indekargasam Kabungan is already in an overboot area.
01:42If we look at Indekargasam Kabungan,
01:44if we look at the support level for ISG next week,
01:48it is more or less at 7,548 with resistance level 7,680 for Indekargasam Kabungan.
01:56Indeed, some of the catalysts for the movement of ISG yesterday were also from the RITO group,
02:04where the trend in the last few days has also been quite strong.
02:08From Monday, it has increased by 13% to the current level, from 9,300.
02:14Then it is also supported by some strong catalysts like that.
02:17Mr. David.
02:18Okay.
02:19Later tonight or Friday night in West Indonesia,
02:22the US will release the PCE inflation data, sir.
02:26After last night, it has also released an economic growth revision above expectations.
02:31How big will this sentiment affect the movement of Indekargasam Kabungan next week?
02:37Yes, if we look at it, based on the world interest rate probability,
02:42if we look at it, it is almost certain that the Fed's households will be tied in September.
02:49And also later tonight, the support data is PCE.
02:53It is one of the support data that is always monitored by the Fed.
02:56If we look at it, the PCE data is indeed according to their expectations.
03:00Automatically, we might see a probability in September,
03:05and maybe it can happen in December too, at least twice.
03:10This also has a good impact on the long-term ISG,
03:17in terms of what will happen in December.
03:20That's it, Mr. David.
03:21Okay.
03:22Will the 76 support still be maintained, sir, for the duration of the trade next week?
03:26Or is there a potential for the 750, as you said earlier?
03:31Yes, actually, if we look at it, the ISG has been rallying for the past year.
03:36So, it is natural that there will be corrections in the future.
03:43Indeed, the 7,500 area is at a critical level,
03:46if we look at it, to create a support area there.
03:49Yes, maybe there is still a potential for a correction first,
03:52then we will see in mid-September,
03:56whether there is a potential for a rebound or recovery back to the 7,700 level or more.
04:02Okay, in terms of the stock market movement,
04:04and also from the sectoral side,
04:06the rotation is happening again.
04:09Mr. Evan, technology on the first side was leading the strengthening,
04:12but if we look at the stock market,
04:14the Agroprayogo Pengestu stock market,
04:17it looks like it's starting to shake again,
04:20it's starting to experience strength again.
04:22Although today, the strength is not as strong,
04:25but the brand, as the largest capitalization in the Indonesian stock market today,
04:32experienced significant strength, 2.64% in 10,750,
04:37and is the highest intraday level in recent days.
04:41What is your analysis for the brand?
04:43Yes, if we look at it technically,
04:45you can see that since May 29,
04:47there was a fairly large gap down,
04:49when May 29, the brand was quite suspended.
04:53Then it was locked until there were several IRBs,
04:57until the lowest level was 5.425.
05:00If we look at it technically,
05:02there is a gap that will be closed.
05:04That's why if we look at it,
05:06it turns out that the gap has been closed.
05:08When on May 29, there was a gap down,
05:10and now it has been closed,
05:12and the potential, if this brand can get out of the 11,475 level,
05:17will reach the next level.
05:20It will be around 12,000-12,100 for the brand.
05:23Indicator wise, if we look at it,
05:25there is a moving average of 7, crossing up at 50.
05:30Okay, this is when it was closed in the second session.
05:34Mr. Evan, the strengthening is still ongoing,
05:37especially in the last few minutes of the closing,
05:39just a few minutes ago,
05:41strengthening at 3.12% at 10,750.
05:45What is the short-term target price for trading next week?
05:49For trading next week, we will try the short-term price at 11,525 first.
05:53For the nearest range, for the resistance area.
05:57For the brand.
05:59Okay, closed at 10,750,
06:01strengthening at 3.12% for the brand.
06:05In addition to the brand,
06:07which today also became a supporter,
06:09the strengthening of the family business,
06:11also comes from this construction, ADAWIKA.
06:16The strengthening of WIKA is very surprising.
06:26Why?
06:27This is the position at the closing of the second session,
06:29the strengthening is still ongoing.
06:31Already at 16%, 16.7%, 3.90%,
06:34the highest level of intraday closure
06:37throughout today's approach,
06:39or in the last few minutes.
06:41Analysis for WIKA,
06:43what are the expectations from investors
06:45when the stock has undergone quite a deep correction,
06:48had moved below hundreds,
06:50then the effort to improve the performance
06:53seems to have gradually yielded results for WIKA?
06:57Yes, if we talk about the defects,
07:01and may also have an impact on the stock market in Indonesia,
07:06of course there are several sectors,
07:07among the stocks that are affected
07:09is one of the infrastructure, property,
07:13so the infrastructure for WIKA
07:15at the moment,
07:17according to its earnings,
07:19is down by 8.4 trillion.
07:22Then the result of the BRUTO
07:25also increased,
07:29so we see there is optimism
07:31for the movement of the infrastructure
07:33as we can see it is already quite in decline.
07:37And now, technically,
07:38if we look at the movement of WIKA,
07:40it is currently above the moving average of 700.
07:43This indicates confirmation that this has been reversed.
07:47And if we look at it technically,
07:49for the next 1-2 months,
07:51the level of 3.90 is the key level.
07:54You can see from the movement of the price increase of WIKA,
07:58this has the potential to create a bullish flag,
08:01where the movement is from 12 August
08:03then on the 20th of August sideways,
08:07the target for the bullish flag in WIKA
08:11will be around 4% in the next 1 month
08:15for the movement of WIKA.
08:17Okay, 3.90 is strong at 16.07%.
08:21Is it still recommended to enter, sir,
08:23for WIKA or is there a potential profit-taking
08:26for the short term?
08:27For the short term,
08:28today, when it's really closed,
08:30it's already a breakout.
08:32When we talked a while ago,
08:34it was at the level of 3.70.
08:36It turned out that the top was raised to 3.90
08:38and today there is also a volume.
08:41So, it is possible that on Monday to Tuesday,
08:43there is still a pull.
08:45So, maybe if on Monday to Tuesday,
08:47it will be at the level of 3.86, 3.84,
08:51or maybe at 3.90,
08:53at the current closing price, it can re-entry
08:55for trading in a few days,
08:58maybe the selling target is 4.22
09:00for the short term.
09:02Okay, while waiting for the trading closing update
09:04in the second session,
09:05I will try to move to the Big Cap Banking.
09:08Mr. Evan, there is BMRI, sir.
09:11Today, the volatility is quite high.
09:13When in the first session,
09:14it became the biggest supporter,
09:16Indekar Gasam and Kabungkan together with the brand.
09:18However, earlier,
09:19at 1 hour or 30 minutes of the closing period,
09:22it actually returned to the red zone.
09:24However, at the last minute of the closing period,
09:26again,
09:27BMRI was pulled up again to 0.38%
09:30and closed at 7,125.
09:33What can be described, Mr. Evan,
09:35from the volatility of the movement of BMRI shares
09:38throughout today's trading?
09:40Yes, if we look at David and Adek Channel,
09:43during June,
09:45from the beginning of July,
09:46we see that the Bank Mandiri movement
09:48is quite significant, right?
09:50It has increased by 22%.
09:51How?
09:52If we look at it,
09:53before there was a big correction from March,
09:55this has almost reached the same level
09:58as in March,
09:59which is 7,400.
10:00So, the increase is quite significant.
10:03So, it is normal for the consolidation to occur
10:05at the level mentioned earlier,
10:06where the support is at 6,925,
10:08and the resistance is at 7,375.
10:10So, we are still waiting for other catalysts.
10:14Maybe after the fact,
10:16Mr. Sukumuma,
10:17his younger brother,
10:18continues to strengthen.
10:19Indeed, in a few days,
10:22especially some big banks,
10:24the increase is quite significant.
10:27Bank Mandiri, Bank BRI, and also Bank BNIT.