"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Selasa (18/03/2025) dengan Tema Analisis Saham MBMA, BRIS, BBRI, ICBP".
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00:00Thank you so much for joining us again. We are still talking with Mr. Patrick Jorgi,
00:09a Research Analyst at FAIC Securities Indonesia,
00:11a business development advisor, where the price-to-margin index is still weakening and its projection.
00:15Let's go to the recommendation of the stock of choice.
00:18We present the following stock from FAIC Securities Indonesia.
00:21Among them, there is MBMA Trading Buy,
00:24Brisk Buy, On Weakness, BBRI Buy, On Weakness, ICBP Accumulation Buy.
00:30There are so many recommendations, Mr. Patrick.
00:32There is Trading Buy, Buy On Weakness, Accumulation Buy.
00:35Is that the best strategy right now?
00:42Actually, we are more focused on Fundamental Samsung.
00:46Because from the evaluation of the stocks that have good fundamentals in us,
00:51we look at the closest in the full year of 2024,
00:54from the price movement, the stocks have been discounted quite a lot.
00:58So we are more focused there actually.
01:00And for trading, we see from the volume, daily volume,
01:04then from the technical side.
01:06That's why we have Buy On Weakness for some of the stocks that we think are still prospective for the long term.
01:13And there is also Trading Buy.
01:16We tend to go more to weekly or even monthly.
01:21Okay, you recommend trading or take advantage of the opportunities at the moment in MBMA,
01:27or free battery materials.
01:29From so many emittance in this sector, why MBMA?
01:34What is interesting about MBMA technical?
01:37Okay, Ms. Prisca, if we look at MBMA, it is already in the support phase.
01:42And if we look at the strengthening yesterday, it is quite significant,
01:46accompanied by a fairly high volume.
01:48So we see that the weakness that is happening right now,
01:52we say it is a normal weakness.
01:56As long as it doesn't break through at level 2944,
02:00I think it's still in good condition.
02:03If it breaks through at level 2944,
02:06then it has the potential to retest its support again at level 270.
02:15So as long as it doesn't break through at level 2944,
02:18MBMA is still interesting.
02:20At the same time, if we look at the price of the community,
02:23it is in the middle of a phase that is also experiencing a rebound,
02:26even though it is not too significant in terms of community demand.
02:29Okay, you were talking about volume.
02:34If compared to the same sector, for example Antam,
02:37what is the volume of MBMA like?
02:41If we look at yesterday,
02:44some meetings related to the community are quite significant.
02:48Especially there is also Antam.
02:50If we compare with Antam,
02:51actually Antam is in a phase where I see from the risk side
02:56or the opportunity is enough.
02:58Because the increase is already significant.
03:01While if I look at MBMA,
03:03it is in the middle of its support phase.
03:05There is a rebound potential.
03:06So the opportunity to take the margin is higher.
03:10If I look at it personally, it's like that.
03:12While in Antam, because it's earlier,
03:14for example, it's already 7%,
03:16then in one month it's already 5.48%
03:21and we see that the margin is narrower compared to MBMA.
03:25The opportunity is still more interesting.
03:30Only MBMA?
03:31From basic materials or commodities at the moment?
03:36So far, we are still focused on that.
03:38The others, we are more focused on emitting for banks and consumers.
03:42Fundamentally, it's good.
03:44So far so good.
03:47But if you look at MBMA this morning,
03:51it looks weak.
03:533%.
03:543% at 312.
03:56What is the best strategy?
03:58By current price?
04:00In the current position,
04:01if we look at it technically,
04:03today it made its tail at level 302.
04:08And that's exactly with its support.
04:13If we look at it, there is support at level 304.
04:16So that area,
04:18if the first session is over and still sustainable,
04:25then there is a potential to continue strengthening.
04:28But we also have to confirm,
04:30in today's weakness,
04:31whether the volume is high or not.
04:33But if we look at the 3% weakness compared to the 11% strength yesterday,
04:38I think it's a weakness that is healthy.
04:41And the position is still in the bottom or in the support area.
04:45So there is strong support at level 310?
04:49At level 304 to 302.
04:52With resistance at 330,
04:54then target price at 400?
04:56Yes.
04:57Okay.
04:58We leave the MBMA,
04:59which you recommend trading buy,
05:00we go to the fundamental,
05:01which in your opinion is still quite okay to buy on weakness or buy at a lower price.
05:05BRICE.
05:06From so many banks, why BRICE?
05:11If we talk about BRICE,
05:12maybe until now,
05:15it is still a Sharia bank.
05:17The number one in Indonesia,
05:19from the market share,
05:20from the size of assets and the like,
05:24especially Sharia.
05:25And if we look from the business line,
05:28which we focus on,
05:29there is already a bullion bank or a gold bank,
05:32which is also focusing there.
05:35Then from Haji funds, it is still the largest.
05:37We see that some of those segments will be the future support for BRICE.
05:41Although in terms of current movements,
05:43it can be said that BRICE is still under correction.
05:47But if we look at the correction,
05:50it will still be maintained at the level
05:55of 2,430 to 2,450 actually.
05:59Because it used to form support on February 28th.
06:05So for BRICE,
06:06we actually use the mid to long term strategy.
06:09Mid to long term?
06:11Yes, we focus on the fundamental business only.
06:14Okay.
06:15Is there a chance for support at 2,430?
06:18It's still close because now it's at 2,470.
06:21And this support level is the lowest level year-to-date
06:24or throughout this year, 2,430.
06:26Is there still a chance for BRICE according to you, Patrick?
06:30With the target price at what position?
06:34For BRICE, our target price is at the level of 3,000.
06:39That's for the mid to long term.
06:42But for the time period,
06:44maybe two to three months,
06:47it can be at the level of 2,600.
06:49We can still wait for that.
06:52But for now, the pressure is quite high.
06:55The pressure is quite high at 2,470 current price.
06:59Is it okay?
07:00Because it's a buy on weakness,
07:02we target at the current price position?
07:04Correct.
07:05We use the strategy of targeting at the current price position.
07:08Correct.
07:09Cost averaging.
07:10Okay.
07:11BRI, do you also recommend buy on weakness?
07:15For BRI itself,
07:18we recommend buy on weakness
07:21because if we compare it with other big cap banks,
07:25BRI has a much higher discount value.
07:28If we look at it.
07:30And also if we look at it technically,
07:33it is already in a fairly sustainable phase at the current support level.
07:37And if we talk about the outlook,
07:40BRI has a fairly positive outlook.
07:43In 2025.
07:45Indeed, in the 2024 full year,
07:47from the financial report side,
07:49it can be said that the growth is lower than last year.
07:53But if we look at it from the valuation side,
07:56it's still quite okay for BRI.
07:58We can collect.
07:59With the same strategy, dollar-cost averaging too.
08:02Okay, that's it.
08:03For BRI 3,770,
08:05it means buy.
08:07Okay, there is a resistance of 4,000,
08:10but at least the target price can reach 4,200 again.
08:13Yes, that's right.
08:14Lastly, ICBP.
08:15Buy accumulation.
08:16If it's a buy accumulation,
08:18what is the indicator like?
08:21If we talk about ICBP,
08:24in addition to the fact that there is a holiday factor,
08:27it is one of the catalysts.
08:29So, if we look at it,
08:31if we look at it,
08:33in addition to the fact that there is a holiday factor,
08:36it is also one of the catalysts.
08:38But we are actually more focused on
08:40the value of the exchange rate
08:42and also on the price of the commodity.
08:45Remember, ICBP is still an import,
08:48the majority of it.
08:50So, the price is very high.
08:52The price of WIT is very much considered.
08:54If we look at it,
08:56throughout this year, it has been more stable.
08:59Then we look at the index in XY
09:01or the US dollar index has also depreciated
09:04quite significantly,
09:063.84% in the last month.
09:08So, actually, from the cost side,
09:10we see that it will benefit the ICBP.
09:13In addition to the fact that it is a catalyst
09:15from the government on food,
09:17free of charge, etc.
09:19If this morning it drops 2%,
09:22then if in a month it drops almost 7%,
09:25is 10,750 still attractive?
09:31At the current level, I see it's still attractive.
09:34Because in terms of valuation,
09:36it's already very cheap.
09:38We just have to wait.
09:40Actually, the weakness that occurs
09:42is almost in every sector.
09:44And only a few emitters are experiencing strength.
09:46But we see that if the macro condition is better,
09:49our blue chip emitters should have more potential.
09:52Okay, and ICBP is one of the blue chips.
09:55The risk limit if it drops below 10,600.
09:58Yes, that's right.
09:59That's the data you mentioned earlier.
10:01There is resistance at 11,200.
10:03The target price is 11,900 for ICBP
10:05from FAC Securitas Indonesia.
10:07Okay, let's go back to the update
10:10from the Indeks Harga Salam Gabungan and Perdagangan.
10:12The first session of Pemirsa
10:13in the middle of showing 9 o'clock,
10:15more than 28 minutes.
10:16We see the weakness of IHSG getting deeper.
10:19Pemirsa fell 2.21%,
10:22141 points from the opening earlier
10:25which was only about 1%.
10:266,329 with the exchange rate of Rupiah
10:29against the US Dollar,
10:30the weakness reached 16,400 more.
10:33Pemirsa and shares that became
10:35the sponsor of IHSG's weakness.
10:38We see Pemirsa's sector
10:40in the middle, everything is moving weak.
10:44Led by technology 10.62%.
10:47Then we see there is basic industry 2.53%.
10:51Energy 2%, cyclical 2%.
10:54Property, Pemirsa 1.5%.
10:57That's it, everything is red for the sectoral movement.
11:00Then from GNS there is ANJT,
11:03up 11%, MENA 10%,
11:06then MEN 7.5%, BUFA 18%.
11:11The losers are again the shares with
11:14a large market cap.
11:17For example, BRI was recommended earlier
11:19but still continues the weakness of Pemirsa 1.57%.
11:22It looks like it's still interesting to buy on weakness.
11:24PSAB, down another 4%.
11:27PTRO, 8%.
11:28PANI, BNI, Brand.
11:30TPIA, AMMN, Unilever, MDKA.
11:33Those are the sponsors of Pemirsa's top losers
11:37based on value.
11:39A little bit, Mas Patrick, down another 2%.
11:41Is this according to projection?
11:43Is it still according to projection?
11:44You said earlier that there is still a chance
11:47for IHSG to test support at 6,320.
11:50As it has been achieved.
11:52But if it continues like this,
11:55down another 2% in the morning,
11:57what are the tips for Pemirsa?
12:01Actually, in this condition,
12:04if we look at it,
12:06the most important thing is
12:08we focus more on trading.
12:11For example, MBMA shares,
12:13where we have 11% profit,
12:14we can take a profit.
12:16Discipline, right?
12:17That's right.
12:18For investors,
12:20money is now the king.
12:23Cash is the king.
12:24So we can save it first,
12:26we wait and see
12:27while we can buy on weakness
12:29at times when we believe
12:30we have a good fundamental.
12:32Thank you very much, Mas Patrick,
12:33for sharing the information this morning.
12:35On MarketBuzz,
12:36hopefully it can be a reference
12:37for Pemirsa at home.
12:38Once again, to the decision of Pemirsa's investment,
12:40we return it to you.
12:42Good morning, Mas Patrick.
12:43Happy activities.
12:44See you again.
12:45Good morning, Bapisat. Thank you.
12:47Yes, Pemirsa, it's been 60 minutes,
12:48we accompany you on MarketBuzz.
12:50Hopefully what we convey
12:51can be a reference
12:52for your investment portfolio
12:53and business.
12:55And representing the workers' association
12:56and my colleague Wiki Adrian,
12:57I say goodbye.
12:58See you again.
12:59Good morning.
13:17Good morning.
13:18Good morning.