"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Rabu (11/12/2024) dengan tema BYD Masuk, Pendapatan Surya Semesta (SSIA) Bisa Tembus Rp6 Triliun"
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00:00Game Plus Arcade is available only on RCTE Plus Super App. Play it now!
00:06Thank you for joining us at MarketBus.
00:09Before we review yesterday's trading activities and what are the projections for today's trading,
00:13let's take a look at some economic agendas for Rabu trading on December 11, 2024.
00:20You can see the graphs on the TV screen.
00:22You can see the level of unemployment in South Korea in November.
00:25Then there is the IHK Inti of the United States.
00:28This is highly anticipated by the market players as it is one of The FED's considerations
00:33to take the latest data on the Ajuan flower family before the meeting this month.
00:38Then there is the US oil inventory and the OPEC monthly report.
00:43Let's move on to the next graph.
00:45Let's take a look at some emitting agendas.
00:49There is BJTM, RUPS, DCNS, RUPS BBMI, RUPS Menterabren, KUM, Dividend Tunai.
00:56The Big is also the same.
00:57Then there is Bevin, while Nelly is the ex-Dividend Tunai agenda.
01:02Rebankan BICAP, BBCA, Dividend Tunai payment is ready to check the account for investors
01:08who have participated in the BBCA stock.
01:11Then CTPE is the Dividend Tunai payment agenda.
01:17Agenda from several emitters.
01:20Next, let's move on to the Asia business movement update
01:23at the opening this morning at the same time.
01:26There is Nikkei, Pemirsa, weakening at 0.12%,
01:29STI, depressed at 0.26%,
01:32HOSPI, strengthening at 0.81%
01:34and Hang Seng, weakening at 0.50%.
01:37Levels of each index can be seen graphically on your television screen.
01:53Indonesia's Pemirsa, PT Suria, Semesta Internusa, Tbk, or SACA Optimistis
01:58can reach the income target of Rp 6 trillion at the end of 2024.
02:04This is due to the entry of funds from the purchase of PT BYD Motor Indonesia's land,
02:09with a total of Rp 1.5 trillion.
02:12The Pemirsa, PT Suria, Semesta Internusa, Tbk, or SACA Optimistis
02:17can reach the income target of Rp 6 trillion at the end of 2024.
02:22This is due to the entry of funds from the purchase of PT BYD Motor Indonesia's land,
02:27with a total of Rp 1.5 trillion.
02:30The Pemirsa, PT Suria, Semesta Internusa, Tbk, or SACA Optimistis
02:34can reach the income target of Rp 6 trillion at the end of 2024.
02:39This is due to the entry of funds from the purchase of PT BYD Motor Indonesia's land,
02:45with a total of Rp 1.5 trillion.
02:48The Pemirsa, PT Suria, Semesta Internusa, Tbk, or SACA Optimistis
02:53can reach the income target of Rp 1.5 trillion at the end of 2024.
02:58This is due to the entry of funds from the purchase of PT BYD Motor Indonesia's land,
03:04with a total of Rp 1.5 trillion.
03:07This is due to the entry of funds from the purchase of PT BYD Motor Indonesia's land,
03:14with a total of Rp 1.5 trillion.
03:19BYD will make land purchase arrangements this month,
03:22after previously making a down payment.
03:26This is due to BYD's commitment to do a groundbreaking in January 2025,
03:31and is expected to start production in that year as well.
03:35With the presence of BYD, Erlin sees an opportunity to enter the automotive support industry
03:39which is a BYD supplier to the SACA-owned industry.
03:43In addition, the company has been invited by BYD
03:46to meet with a potential partner who is their supplier on December 17th.
03:51There is also a last chance for BYD to strengthen by around 7%.
03:59In today's interview, all of us have been connected via LINE ZOOM
04:03with Mr. Hanswi who is a capital market observer.
04:06We will go straight to Mr. Hanswi. Good morning, how are you, sir?
04:09Yes, good morning, Mr. David. How are you?
04:12Thank you, Mr. Hanswi, for taking the time to be on IDX Channel.
04:16Before we discuss the corporate actions of SACA and BYD,
04:21we will try a flashback, we will try to review the trading activities yesterday.
04:25It was more fluctuating, but technically,
04:28the SACA is still able to hold at around 7,400.
04:32What is quite interesting is that in the last few minutes,
04:35there has been a significant reversal, Mr. Hanswi.
04:38What is your analysis?
04:39Yes, if we look at our market yesterday,
04:43it was actually very profitable.
04:46Actually, the market was at its lowest level on December 2nd, at 7,041.
04:51Then if we look at yesterday, the index closed at 7,453.
04:56So if we look at it from the lowest level,
04:58the index has risen by more than 400 points.
05:01So yesterday, the market was actually quite profitable.
05:07Actually, the market catalyst has been relatively positive.
05:11Previously, after the victory of Donald Trump,
05:14the market was in a downward trend
05:18due to concerns about the trade war.
05:20But as time goes by, people certainly
05:26reflect on what will happen in the trade war.
05:32It used to be like that.
05:33It means that when Donald Trump came up,
05:36the market fluctuated for a month.
05:38Then after that, the market was relatively calmer.
05:41And of course, fluctuations will occur
05:44when there are statements made by President Trump.
05:48The market actually had a positive catalyst yesterday
05:53because of the non-farm peril data that came out.
05:59Non-farm peril improved.
06:01But the unemployment rate rose to 4.2 from 4.1 before
06:05indicating that the American labor market is weakening.
06:10So this opens up the opportunity for market players
06:13that Fed can make a flower cut in December.
06:18But of course, this weekend, the market is waiting for two data that are quite important.
06:22CPA and PPA.
06:24Which will confirm whether next week,
06:28on the 18th, Fed will cut 25 basis points or hold it.
06:32Actually, if you look at the CPA data,
06:37it is estimated to rise slightly to 2.7.
06:40So it's a bit of an increase.
06:42But what concerns the future market
06:45is the possibility that when the cut in December
06:48in January, the Fed has already stopped the flower cut.
06:53That's what caused the market to go down.
06:55So that's why the market is a bit fluctuating.
06:59But if we look at December,
07:02our index usually gives a relatively positive trend.
07:05Okay. With some indicators that you have explained earlier, Mr. Hans,
07:10where is the direction of the movement in the next joint stock market?
07:13Especially in the middle of momentum in the resync,
07:15then also the target until the end of the year?
07:17Yes. Of course, now the movement may be a bit thin.
07:21Even if there is a correction in the market, it is relatively limited.
07:24Even if there is a strengthening, the movement may be a bit limited.
07:27Of course, the market has to wait for the CPI-US data,
07:30which is quite important.
07:32Because if we want to be honest,
07:34the CPI-US has actually stopped decreasing.
07:39Even recently, it has been moving up.
07:41There are a few more signs of an increase.
07:45Then the PPI also becomes a concern.
07:48Then the U.S. labor market is not really weakening.
07:53And of course, the hope is that if the labor market weakens,
07:57it will usually give a weakness to inflation as well.
08:02But what happens is that the U.S. labor market is relatively strong.
08:09Followed by some strong macro-US data,
08:12this seems to confirm Federal Reserve
08:15to no longer continue flower harvesting next year.
08:19And the probability of hope for harvesting
08:22which previously the market expected up to 100 basis points,
08:26now maybe there are 50 basis points left.
08:28This is what certainly makes the market not too optimistic
08:33ahead of next year.
08:35Then on the other hand, the value of the exchange rate
08:38is also a concern for the market,
08:40even though the Rupiah is relatively a bit stuck
08:43and managed to strengthen.
08:45Previously, it was close to 16,000.
08:47But looking at the weakness of the Rupiah,
08:51we think that the BI will not do flower harvesting.
08:55So this is not a positive catalyst for the market at the moment.
08:59Do you technically understand the direction of the Samkabung family?
09:03Technically, if we look at it,
09:05in the long run,
09:09we see that this pattern is sideways.
09:12While in the medium term,
09:15our index has changed from a downward sideways pattern
09:19to an upward pattern.
09:21In the short term, there is still a potential to strengthen
09:24even if it is limited, even if the correction is relatively limited.
09:27But we generally see the index
09:31should be in the upward pattern in December.
09:35Is there a revision of the target
09:38in the middle of the delay in the movement of the Samkabung family?
09:41This is the target until the end of the year, Mr. Hans.
09:43If we compare it to the highest intraday level
09:45that has ever been touched before,
09:47while the current position,
09:49and we are already in the 11th of December trading.
09:51Is there a revision of the target for the end of the year?
09:55I think our index will move from 75-76
10:00until the end of the year.
10:02It is not difficult to direct the index
10:04to move too positively upwards
10:06considering that the pressure comes from the global market.
10:10We have to realize that
10:12first, when Trump wins,
10:14there are some policies that are very hidden.
10:17First, trade.
10:19Trade tends to hurt all countries.
10:22Second, the potential for tax cuts.
10:25If the US does a tax cut,
10:29we will see a better corporate tax rate there.
10:33And of course this causes the funds to move to the US
10:36because the corporate tax rate there is higher.
10:39Then if the company is cut off,
10:41they will expand their business
10:44so that the US economy is better.
10:46But we also have to look at the other side,
10:49that the cuts made by Donald Trump
10:52have the opportunity to raise deficits
10:54in their budget.
10:57This means that the deficit will force
10:59the government to allocate more debt.
11:03This means that the new obligations
11:05that are allocated are higher.
11:07This causes pressure on the market
11:09and often causes outflow funds.
11:12In addition to the migrant policy,
11:15they want to deport migrants,
11:18this means that the cheap labor is reduced
11:20and this pushes inflation.
11:22Trade policy pushes inflation up,
11:25the tax cut policy pushes business expansion
11:28and pushes inflation up,
11:30the migrant policy pushes inflation up.
11:33All this confirms that US inflation can move up
11:37so that the Federal Reserve may not cut flowers
11:40like the market expects.
11:42This is of course what is caught by the market
11:46all over the world as a negative indication.
11:49Not to mention the European market,
11:52the Chinese market is relatively worried
11:55about Trump's tariff,
11:57especially Europe.
11:59Europe is quite worried
12:01because it will be able to hit their economy
12:03for a long period.
12:05And China too,
12:07because China's economy is actually
12:09having structural problems there.
12:11So they are also very careful
12:13about the potential of Donald Trump's rise.
12:16Mr. Hans,
12:18we have also provided the information earlier.
12:21Let's move on to the next topic
12:23before we go on to the next topic.
12:25Mr. Hans,
12:27how do you see the opportunities and opportunities
12:29related to the actions of the corporations
12:31that have been carried out
12:33and their performance in the third quarter of 2024?
12:35Yes,
12:37SCCA is an industrial area
12:39but if we break down the investment report
12:41per 30 September,
12:43the income is 3.8 trillion,
12:47but 2.3 trillion
12:50comes from construction services.
12:53The industrial area is 387 billion.
12:57If we look at
12:59the purchase of land by BYD,
13:02and BYD is a special emitter,
13:06because if we want to talk about
13:08the electric car competition,
13:10we have to admit that
13:12maybe the winner in the future
13:14is BYD.
13:16We do see
13:18some bullying there,
13:20but in our opinion,
13:22BYD is more special.
13:24With good specs,
13:26the price is relatively
13:28cheaper than Tesla.
13:30So,
13:32BYD's entry
13:34into the SCCA industrial area
13:36can first increase
13:38sales.
13:40It is estimated that corporate sales
13:42will increase to
13:446 trillion
13:46BYD's entry.
13:48Because the realization of
13:50land sales is only happening
13:52in December,
13:54because the company has just
13:56received a loan.
13:58Secondly,
14:00the corporate interest rate
14:02is also expected to rise,
14:04even though
14:06it is not known exactly
14:08how much the company's interest rate is.
14:10Okay, briefly,
14:12Mr. Hans, technically,
14:14SCCA has already strengthened
14:16by 1.90%
14:18in 2075.
14:20Analysis and recommendations?
14:22If we look at it,
14:24SCCA may have
14:26the potential to
14:28continue strengthening.
14:30So, technically,
14:32it consolidates and then rises.
14:34But if we look at it
14:36fundamentally,
14:38if we estimate sales at 6.3%,
14:40the price-sales ratio
14:42in sales per share
14:44is around 1,300.
14:46So, the stock price
14:48may be around 1,600.
14:50If the interest rate is around 4 trillion,
14:52rising from the current interest rate
14:54at 228,
14:56the stock price may be around 1,700.
14:58So, SCCA is still
15:00quite interesting at the moment.
15:02Okay, and the enthusiasm of the investors
15:04is getting more and more significant.
15:06SCCA is currently rising above
15:085% in 1,110 rupiah per share.
15:11We will discuss this topic later
15:13and we will also look at
15:15your recommendations.
15:17We will be right back.