August 9, 2021

To subscribe to our Daily Focus, please contact us at research@miraeasset.co.id

Market Index Market commentary

Last Trade Chg (%) MoM YoY
Hariyanto Wijaya CFA, CPA (Aust), CMT (hariyanto.wijaya@miraeasset.co.id)
JCI 6,203.4 0.0 2.7 20.6
MSCI Indonesia 20.4 -2.1 2.7 11.0 JCI closed lower 0.03% last Friday led by the bank sector triggered by lower
MSCI EM 1,292.5 -0.6 -1.4 19.3 than expected BBRI’s 2Q21 earnings. Technology sector bucks the trend by
HANG SENG 26,179.4 -0.1 -4.2 6.8 booking gain last Friday as the share price of BUKA spiked up on its trading
KOSPI 3,270.4 -0.5 1.6 39.1 debut and closed +24.7% at the upper limit. Investors keep an eye on Bank
Indonesia’s consumer survey report for July. The government will provide an
FTSE 7,123.0 0 0.0 18.0
update to its social restriction measures (PPKM Level 4) as daily COVID cases fall
DJIA 35,208.5 0.4 0.6 27.8
in Java and spread to the outer islands. As Indonesia's daily new COVID cases
NASDAQ 14,835.8 -0.4 1.3 35.3
keep decreasing, especially in Jakarta, we think the relaxation on social
Valuation restriction (PPKM Level 4) could be implemented sooner than the guidance
2021F P/E (x) P/B (x) ROE (%) from Minister Luhut who stated that the relaxation on the social activity should
JCI 17.4 2.0 12.9
start in September.
Key Rates
US equity indices fluctuated near their record levels on Friday as investors
Last Trade Chg (bps) MoM YoY
assessed an upbeat monthly jobs report. On the data front, non-farm payrolls
BI 7-Day RR 3.50 0 0 -50
rose by 943,000 in July (vs. consensus expectation: 870,000 vs. June: 938,000),
3yr 4.79 0 9 -48
the largest monthly increase in nearly a year. The unemployment rate fell more
10yr 6.30 3 -26 -50
than anticipated to 5.4% (vs. consensus expectation: 5.7% vs. June: 5.9%). 10-
FX year US treasury yield jumping 8 bps to 1.30%, and notching its first weekly
Last Trade Chg (%) MoM YoY advance in six weeks. A separate release showed consumer credit surged in
USD/IDR 14,353.0 0.1 -0.9 -1.7 June by the most on record.
USD/KRW 1,142.2 -0.1 -0.6 -3.7
BBRI – 2Q21 review: Misses expectation, despite strong earnings
USD/JPY 110.3 0.4 0.1 4.0
USD/CNY 6.5 -0.1 -0.3 -7.1
growth
Handiman Soetoyo (handiman.soetoyo@miraeasset.co.id)
Commodities
Last Trade Chg (%) MoM YoY In 2Q21, BBRI posted a net profit of IDR5,646.5bn (-17.3% QoQ), mainly
WTI 68.3 -1.2 -8.4 30.3 dragged down by higher provision expenses of IDR10,379.2bn (+22.6% QoQ).
Gold 1,763.0 -2.3 -2.5 -13.0 Cumulatively, BBRI booked a net profit of IDR12,472.6bn in 1H21 (+22.5% YoY),
Coal 161.0 2.4 14.4 220.6 partly driven by strong net interest income (NII) and non-interest income (Non-
Palm Oil 4,520.0 -0.1 14.5 56.1
II), despite being dragged down by significantly higher provision expenses of
Rubber 158.8 0.4 -4.1 11.9
IDR18,841.9bn (+97.6% YoY).
Nickel 19,214.0 -1.3 6.8 32.7 Despite seemingly strong results, BBRI’s 1H21 net profit achieved only 41.7%
Copper 9,491.5 0.3 1.9 46.5 and 40.7% of our and the consensus’ FY21 estimates, compared to the average
Tin 34,750.0 0.4 9.3 94.1 5-year run-rate of 47.5%, thus below expectations.
Loan grew by 5.0% YoY, mainly in the micro segment (+17.0% YoY). Micro loan
JCI Index VS MSCI Emerging Markets now accounted for 40.2% of total loan, nearing its target of 45% in 2025. The
(pt) JCI MSCI EM (pt) acquisition of Pegadaian and PNM should help in attaining its goal faster, which
8,000
will improve the aggregate loan yield, in our view.
1,550
Our biggest concern is its asset quality. NPL continuously rose quarter by
6,500 1,300
quarter since FY19 to 1H21, now stood at 3.27%. We saw notable NPL increase
1,050 in the micro segment (one of the hardest-hit segments by this pandemic), and
5,000 corporate segment (mainly SOE in the transportation and agriculture sectors
800
and non-SOE in the textile industry).
3,500 550
01/18 07/18 01/19 07/19 01/2007/20 01/21 07/21 The planned rights issue might pose a short-term risk to its stock price. Our
calculation shows that the rights issue price will not be lower than IDR3,345. As
the consolidation of Pegadaian and PNM will serve as a new growth driver for
BBRI, coupled with stronger capital post the rights issue, we recommend
current BBRI’s shareholders to subscribe the rights that, most likely, will be
priced under the current market price.

Mirae Asset Sekuritas Indonesia We maintain our Trading Buy recommendation on BBRI with a target price of
IDR4,450, implying FY21 P/B of 2.5x.
 Indonesia Daily Focus August 9, 2021

Local flash

KLBF: Kalbe Farma (KLBF) will increase its COVID-19 test capacity to 2,500-
3,000 per day. During the COVID-19 pandemic, the media laboratory business in
Indonesia is increasing. The need for medical laboratories is currently very high
because the number of Covid-19 tests is increasing where the cases of the Covid-
19 virus are still increasing. President Director of PT Kalbe Farma Tbk (KLBF)
Vidjongtius said Kalbe's subsidiary which owns the laboratory is Kalgen Innolab,
the result of a joint venture with a Japanese company. "Currently Kalgen Innolab
has a COVID-19 test capacity of 2,000 tests a day and the current capacity is all
used up. We plan to increase the capacity to 2,500-3,000 tests a day (Kontan)

ENRG: Energi Mega Persada (ENRG) now holds 49% participating interest in
the Sengkang Block. PT Energi Mega Persada Tbk (ENRG) took over the 49%
participating interest owned by PT Energi Maju Abadi (EMA) in the Sengkang Block.
This happened after the certainty of signing a conditional sale and purchase
agreement between ENRG through its subsidiary and EMA for 100% ownership of
EMA shares. (Kontan)

PANR: Digitizing the MICE business, Panorama (PANR) launches the

Fleibisnis.com platform. PT Panorama Sentrawisata Tbk (PANR) continues to
digitalize the business pillars of Meeting, Incentive, Conference, Exhibition (MICE)
through Panorama Media. The PANR subsidiary launched Fleibisnis.com, a
website-based platform which is a portal for franchise, licensing, partnership and
business opportunities. General Manager of Panorama Media Andriani
Tirtawisata said this digital platform is one of Panorama's steps in dealing with
the Covid-19 pandemic which has an impact on the MICE sector. The Franchise
and License Expo Indonesia exhibition, which is usually held offline at the
Convention Center, is currently being transformed online so that it can be
accessed by visitors wherever they are via the website. (Kontan)

DOID: Delta Dunia Makmur (DOID) is working on mining services for Adaro
Indonesia. PT. Delta Dunia Makmur Tbk (DOID) spurred performance in the
second half of this year. Recently, DOID started working on mining services for PT
Adaro Indonesia. Until the end of the year, this mining service contractor
company is still pursuing a revenue target of USD 780 million - USD 860 million
with the company's income before interest, taxes, depreciation and amortization
aka earning before interest, taxes, depreciation and amortization (EBITDA) of
USD200 million - USD240 million so far this year. (Kontan)

ASSA: Strategic partnership, Anteraja officially cooperates with Grab. PT Tri

Adi Bersama (Anteraja), a subsidiary of PT Adi Sarana Armada Tbk (ASSA) officially
cooperates with the online transportation platform PT Grab Teknologi Indonesia
(Grab). The collaboration aims to reach more people by providing delivery
services to the entire Anteraja area throughout Indonesia through the Grab
application. (Kontan)

MARK: The new factory is operational, Mark Dynamics (MARK) is optimistic

that export performance will skyrocket. PT Mark Dynamics Indonesia Tbk
(MARK) projects that export performance in semester II-2021 will continue to
increase. This is in line with the completion of the construction of the company's
third factory in May. MARK's new factory that produces glove prints is located in
Tanjung Morowa, Deli Serdang, North Sumatra. (Kontan)

2
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus August 9, 2021

Technical analysis
Tasrul +62-21-5088-7000 tasrul@miraeasset.co.id

Jakarta Composite Index (JCI) Daily – Consolidation

Summary
Item Data Item Data
Close (August 6, 2021) 6,203.43(-0.03%) Trading range 6,191 – 6,255
Average index performance (%) +2.11 Target
Period 30 - Daily 6,255
r-squared 0.7303 - Weekly 6,247
Volatility (+/-, %) +0.56/-0.45 - Monthly 6,292
Volatility (+/-, point) +34.83/ -27.99Stop loss 6,150
Source: Mirae Asset Sekuritas Indonesia Research

Figure 1. Daily, Short Term Uptrend

c Chg.: -0.03%
IHSG [ ^JKSE ] - Daily - 8/6/2021 Open: 6,224 High: 6,264 Low: 6,191 Close: 6,203 Vol. 24,379,447,296

Demand Supply

_____ 6,248.2 _____ 6,254.5 6,259.97

S_VWAP _____ 6,190.7 _____ 6,197.9 6,203.43

6,194.04
6,186.75
D_VWAP 6,155.43
6,155.43
6,116.81
6,109.79
6,050.88

Tasrul Optimization Trading System - ©2010

NBSA 2.0 - ^JKSE - IHSG - 8/6/2021 : Rp. -162.26 Milyar ; NBSA/Value : 0.1%

0.00000
-162.26

^JKSE - Volume = 24,379,447,296.00, Avg.Volume_date = 18,178,271,232.00, Avg.Volume_date = 26,027,145,216.00 26,027,145,216

24,379,447,296

18,178,271,232

Tasrul Optimization Trading System - ©2010

May Jun Jul Aug
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Source: Mirae Asset Sekuritas Indonesia Research

3
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus August 9, 2021

Figure 2. Daily, MFI optimized & W%R optimized

^JKSE - MFI Smoothed = 97.75 X` x`x` 97.7529

^JKSE - Will%R Smoothed = -49.03

-49.0289

IHSG [ ^JKSE ] - Daily - 8/6/2021 Open: 6,224 High: 6,264 Low: 6,191 Close: 6,203 Vol. 24,379,447,296 Chg.: -0.03%

Demand Supply
_____ 6,248.2 _____ 6,254.5
S_VWAP _____ 6,190.7 _____ 6,197.9 6,203.43
D_VWAP 6,186.75
6,109.79

^JKSE - Volume = 24,379,447,296.00, Avg.Volume_date = 26,027,145,216.00, Avg.Volume_date = 18,178,271,232.00

26,027,145,216
24,379,447,296

18,178,271,232

Tasrul Optimization Trading System - ©2010

Apr May Jun Jul Aug
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Source: Mirae Asset Sekuritas Indonesia Research

4
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus August 9, 2021

Figure 3. Weekly Trend – Uptrend, MFI optimized & RSI optimized

^JKSE - MFI Smoothed = 95.78 `A 95.7766

^JKSE - RSI Smoothed = 77.27

77.2746

IHSG [ ^JKSE ] - Weekly - 8/6/2021 Open: 6,098 High: 6,264 Low: 6,048 Close: 6,203 Vol. 122,060,062,720 Chg.: 2.20%
6,810.03
Demand Supply 6,456.92
_____ 6,262.7 _____ 6,246.8 6,203.43
S_VWAP D_VWAP _____ 6,087.5 _____ 6,056.3
6,103.81
6,097.56
6,029.22

Tasrul Optimization Trading System - ©2010

NBSA 2.0 - ^JKSE - IHSG - 8/6/2021 : Rp. 922.81 Milyar ; NBSA/Value : 0.1%

922.809
0.00000

^JKSE - Volume = 122,060,062,720.00, Avg.Volume_date = 75,969,183,744.00, Avg.Volume_date = 82,844,401,664.00

122,060,062,720
82,844,401,664
Tasrul Optimization Trading System - ©2010 75,969,183,744
2020 Apr Jul Oct 2021 Apr Jul
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Source: Mirae Asset Sekuritas Indonesia Research

Figure 4. Daily : 6,191 – 6,255 Figure 5. Weekly : 6,056 – 6,247 Figure 6. Monthly : 6,049 – 6,292
x
IHSG [ ^JKSE ] - Daily - 8/6/2021 Open: 6,224 High: 6,264 Low: 6,191 Close: 6,203 Vol. 24,379,447,296 Chg.: -0.03%
x
IHSG [ ^JKSE ] - Weekly - 8/6/2021 Open: 6,098 High: 6,264 Low: 6,048 Close: 6,203 Vol. 122,060,062,720 Chg.: 2.20%
x
IHSG [ ^JKSE ] - Monthly - 8/6/2021 Open: 6,098 High: 6,264 Low: 6,048 Close: 6,203 Vol. 122,060,062,720 Chg.: 2.20%

Demand
Demand Supply Supply
_____ 6,262.7 Supply
_____ 6,246.8
_____ 6,248.2 _____ 6,254.5 Demand
_____ 6,369.7
6,203.43 _____ 6,291.5
6,203.43
_____ 6,190.7 _____ 6,197.9 6,203.43
_____ 6,048.8
_____ 6,087.5 _____ 5,912.6
_____ 6,056.3

NBSA 2.0 - ^JKSE - IHSG - 8/6/2021 : Rp. -162.26 Milyar ; NBSA/Value : 0.1% NBSA 2.0 - ^JKSE - IHSG - 8/6/2021 : Rp. 922.81 Milyar ; NBSA/Value : 0.1% NBSA 2.0 - ^JKSE - IHSG - 8/6/2021 : Rp. 922.81 Milyar ; NBSA/Value : 0.1%

922.809
922.809
0.00000 0.00000 0.00000
-162.26

^JKSE - Volume = 24,379,447,296.00 ^JKSE - Volume = 122,060,062,720.00 122,060,062,720 ^JKSE - Volume = 122,060,062,720.00
24,379,447,296

122,060,062,720
12 19 26 Aug May Aug Jul 2021
Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com Created with AmiBroker - adv anced charting and technical analy sis sof tware. http://www.amibroker.com

Source: Mirae Asset Sekuritas Indonesia Research Source: Mirae Asset Sekuritas Indonesia Research Source: Mirae Asset Sekuritas Indonesia Research

5
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus August 9, 2021

Chart 7. JCI Vs. USD/IDR Chart 8. JCI performance (absolute vs. relative)

(pt) JCI (L) USD/IDR (R) (IDR) (%, %p) Absolute Relative
6,300 14,650 24
20.6
20
6,200 14,550
16
6,100 14,450
12
6,000 14,350
8
4.7
5,900 14,250 2.7
4 2.2 2.2 1.9
0.5
5,800 14,150 0
0.0
5,700 14,050 -4
5/10 6/7 7/5 8/2 1D 1W 1M 1Y
Source: Bloomberg, Mirae Asset Sekuritas Indonesia Note: Relative to MSCI EM Index
Source: Bloomberg, Mirae Asset Sekuritas Indonesia

Chart 9. Foreigner’s net purchase (EM) Chart 10. Energy price

(USDmn) 1 Day 5 Days (D-3M=100)
2,500 170 CPO WTI Coal
2,217
2,000
1,669 150
1,500
130
1,000

500 110
85 8 133
52
0
-9 -62 -3
-245 -73 90
-500
-371
-1,000 70
Korea Taiwan Indonesia Thailand Philippines India 5/10 6/7 7/5 8/2
th
Note: The latest figure for India is August 5 , 2021 Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Source: Bloomberg, Mirae Asset Sekuritas lIndonesia
(D-3M=100)
110 CPO WTI Coal

Chart 11. Non-ferrous metal price Chart 12. Precious metal price
100
(D-3M=100) (D-3M=100)
Copper Nickel Tin Silver Gold Platinum
120 110

90
110 100

100 90
80
6/27 7/25 8/22 9/19

90 V 80

80 70
05/21 06/21 07/21 08/21 05/21 06/21 07/21 08/21
Source: Bloomberg, Mirae Asset Sekuritas Indonesia Source: Bloomberg, Mirae Asset Sekuritas Indonesia

6
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus August 9, 2021

Table. Key valuation metrics

Price Market Cap Price Performance (%) P/E(X)* P/B(X)* ROE(%)*
Company Name Ticker
(IDR) (IDRbn) 1D 1W 1M 1Y FY21 FY22 FY21 FY22 FY21 FY22
Jakarta Composite Index JCI 6,203 7,432,922 0.0 2.2 2.7 20.6 17.4 14.1 2.0 1.8 12.9 15.0
Financials
Bank Central Asia Tbk PT BBCA 30,800 759,374 -2.2 3.2 2.3 -0.3 30.8 30.3 4.5 4.2 15.1 14.0
Bank Rakyat Indonesia Persero Tbk PT BBRI 3,930 484,667 -3.0 5.9 3.4 26.4 27.4 24.8 2.6 2.5 9.2 9.7
Bank Mandiri Persero Tbk PT BMRI 5,975 278,833 -1.2 4.8 3.5 3.0 17.2 16.3 1.6 1.5 8.7 8.7
Bank Tabungan Negara Persero Tbk PT BBTN 1,390 14,720 -2.5 5.7 4.1 4.5 11.4 10.2 0.9 0.8 7.3 7.1
Bank Negara Indonesia Persero Tbk PT BBNI 5,125 95,574 -1.4 7.2 10.5 10.9 35.1 24.8 1.0 0.9 2.8 3.5
Consumer Non-Cyclicals
Unilever Indonesia Tbk PT UNVR 4,420 168,623 -0.5 4.7 -9.6 -45.6 39.1 22.9 56.8 30.6 140.2 136.7
Hanjaya Mandala Sampoerna Tbk PT HMSP 1,075 125,042 1.4 2.9 -6.9 -35.0 20.3 13.0 5.8 3.9 26.0 28.5
Charoen Pokphand Indonesia Tbk PT CPIN 6,200 101,668 -0.8 1.2 -2.0 -0.8 27.9 33.3 4.6 4.5 17.4 13.1
Indofood CBP Sukses Makmur Tbk PT ICBP 8,275 96,502 1.5 1.8 -3.2 -18.7 16.9 16.9 3.8 3.4 24.1 18.9
Gudang Garam Tbk PT GGRM 32,800 63,110 -0.4 0.0 -20.3 -35.0 10.3 7.9 1.3 1.1 14.0 14.5
Mayora Indah Tbk PT MYOR 2,230 49,860 0.9 1.4 -0.9 -1.3 29.5 22.7 5.5 4.5 19.9 21.1
Indofood Sukses Makmur Tbk PT INDF 6,225 54,658 0.4 2.5 -3.9 -9.5 9.3 9.9 1.4 1.3 16.1 13.6
Japfa Comfeed Indonesia Tbk PT JPFA 1,660 19,466 -0.9 6.4 1.2 58.9 18.5 38.1 1.6 1.7 8.4 4.2
Astra Agro Lestari Tbk PT AALI 8,025 15,446 -0.3 0.9 5.9 -17.7 28.5 17.9 1.3 0.8 4.5 4.4
Basic Materials
Barito Pacific Tbk PT BRPT 1,125 105,466 3.2 16.0 26.4 27.1 200.9 N/A 5.5 4.1 2.9 2.9
Aneka Tambang Tbk ANTM 2,330 55,992 -1.7 -7.5 -10.0 177.4 40.5 40.8 2.4 2.9 6.2 6.8
Semen Indonesia Persero Tbk PT SMGR 8,450 50,121 0.6 9.7 -5.1 -12.7 26.4 22.4 2.2 1.5 8.4 6.7
Vale Indonesia Tbk PT INCO 4,960 49,284 0.4 -9.8 -4.6 35.9 43.8 34.6 1.8 1.7 4.2 5.3
Indocement Tunggal Prakarsa Tbk PT INTP 10,150 37,365 2.3 15.3 -4.7 -14.5 29.5 23.9 2.4 1.6 8.0 6.9
Infrastructures
Telkom Indonesia Persero Tbk PT TLKM 3,320 328,887 -0.6 2.5 5.1 12.8 15.8 16.0 3.2 3.0 20.6 19.4
Indosat Tbk PT ISAT 6,150 33,419 0.8 4.2 1.2 157.3 N/A N/A 2.3 2.7 -5.8 -5.4
XL Axiata Tbk PT EXCL 2,590 27,777 -0.8 -3.7 -0.4 6.1 78.0 17.0 1.5 1.3 1.9 8.1
Waskita Karya Persero Tbk PT WSKT 880 11,945 -1.1 0.6 1.7 41.9 N/A N/A 2.6 0.8 -58.1 -18.3
Wijaya Karya Persero Tbk PT WIKA 925 8,297 -1.6 0.5 -6.6 -15.9 95.8 54.4 1.3 0.6 1.2 1.3
PP Persero Tbk PT PTPP 880 5,456 -0.6 4.8 0.0 -4.9 88.8 40.7 1.1 0.5 1.2 1.1
Adhi Karya Persero Tbk PT ADHI 700 2,493 0.0 2.2 -2.1 19.7 219.3 84.6 1.0 0.4 0.4 1.2
Industrials
Astra International Tbk PT ASII 4,940 199,989 1.0 4.7 0.6 -6.4 15.1 13.6 1.6 1.3 10.7 10.4
United Tractors Tbk PT UNTR 18,900 70,500 0.0 -3.3 -3.1 -23.5 16.5 9.9 1.6 1.1 10.1 11.4
Energy
Adaro Energy Tbk PT ADRO 1,290 41,262 -0.8 -3.4 3.2 17.8 22.2 11.2 0.9 0.5 3.9 5.3
Bukit Asam Tbk PT PTBA 2,220 25,576 1.4 -0.4 4.2 8.3 13.2 10.5 1.9 1.4 13.6 13.6
Properties & Real Estate
Bumi Serpong Damai Tbk PT BSDE 930 19,689 -1.6 -0.5 -2.1 35.8 88.6 22.5 0.9 0.6 0.9 3.4
Pakuwon Jati Tbk PT PWON 430 20,709 0.0 7.5 -1.4 14.4 26.4 142.5 1.7 1.4 6.3 7.1
Ciputra Development Tbk PT CTRA 860 15,962 0.0 -0.6 -9.0 35.4 13.9 N/A 1.2 1.0 8.6 4.4
Summarecon Agung Tbk PT SMRA 755 12,427 -1.9 0.7 -8.5 47.0 64.6 N/A 1.7 1.5 2.5 1.5
Technology
DCI Indonesia Tbk PT DCII N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 29.0 N/A
Transportation & Logistic
Garuda Indonesia Persero Tbk PT GIAA N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -931.3
Adi Sarana Armada Tbk PT ASSA 2,570 9,245 -1.5 7.1 -1.9 367.3 24.8 125.6 1.7 6.9 7.0 6.6
Healthcare
Kalbe Farma Tbk PT KLBF 1,270 59,531 -1.9 0.8 -3.8 -19.6 25.4 22.1 4.0 3.4 16.4 15.7
Mitra Keluarga Karyasehat Tbk PT MIKA 2,440 34,761 -0.8 -5.8 -9.6 0.0 46.3 46.3 7.9 7.2 18.3 15.8
Industri Jamu dan Farmasi Sido Muncul Tbk SIDO 795 23,850 -0.6 -1.2 6.0 13.2 25.7 26.6 7.4 7.4 29.7 28.5
Siloam International Hospitals Tbk PT SILO 8,700 14,144 1.2 4.5 -6.5 87.1 76.9 1,869.8 1.5 2.4 2.0 0.1
Medikaloka Hermina Tbk PT HEAL 1,175 17,496 0.0 0.4 -4.5 86.5 22.1 9.7 4.1 1.4 20.1 15.2
Consumer Cyclicals
Ace Hardware Indonesia Tbk PT ACES 1,335 22,895 -1.1 1.1 -13.6 -19.6 40.0 29.5 5.6 4.4 14.9 15.9
Surya Citra Media Tbk PT SCMA 2,080 30,741 -0.5 -9.6 -6.7 70.5 28.3 25.5 8.9 5.3 28.1 22.6
Media Nusantara Citra Tbk PT MNCN 830 12,491 1.2 5.1 -3.5 -6.7 8.3 5.8 1.1 0.8 13.6 14.7
Mitra Adiperkasa Tbk PT MAPI 695 11,537 0.0 12.1 6.9 -0.7 N/A N/A 2.4 2.0 -9.6 -9.9
Ramayana Lestari Sentosa Tbk PT RALS 620 4,400 -2.4 -1.6 -6.1 1.6 N/A N/A 1.4 1.1 -3.5 -2.7
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
*Note: Valuation metrics based on Bloomberg consensus estimates

7
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus August 9, 2021

Sector performance Top 10 market cap performance

Market Cap
Name Index Chg (%) Ticker Price Chg (%)
(IDRbn)
Financials 1,409.9 -0.9 BCIC IJ Equity 775 7,759 25.00
Consumer Non-Cyclicals 673.4 0.4 BUKA IJ Equity 1060 109,246 24.71
Basic Materials 1,171.6 0.0 BABP IJ Equity 610 15,506 17.31
Infrastructures 935.3 0.0 BFIN IJ Equity 1185 18,921 16.18
Industrials 952.3 1.1 MLPL IJ Equity 620 9,077 12.73
Energy 756.7 -0.1 MAPA IJ Equity 1900 5,416 11.11
Properties & Real Estate 811.9 -0.2 MIDI IJ Equity 2190 6,312 10.61
Technology 11,997.7 3.2 BINA IJ Equity 4750 26,858 8.45
Transportation & Logistic 1,064.3 -0.3 MMLP IJ Equity 760 5,241 7.80
Healthcare 1,346.0 -0.5 SDRA IJ Equity 905 5,956 7.74
Consumer Cyclicals 791.3 0.4
Composite 6,203.4 0.0
Source: Bloomberg

Top 5 leading movers Top 5 lagging movers

Name Chg (%) Close Name Chg (%) Close
BUKA IJ 24.7 1,060 BBCA IJ -2.2 30,800
ARTO IJ 2.9 16,800 BBRI IJ -3.0 3,930
BRPT IJ 3.2 1,125 EMTK IJ -4.4 2,600
FREN IJ 6.2 155 BMRI IJ -1.2 5,975
BFIN IJ 16.2 1,185 MDKA IJ -5.0 2,690
Source: Bloomberg

Economic Calendar
Time Currency Detail Forecast Previous
All Day JPY Bank Holiday
8:30am CNY CPI y/y 0.8% 1.1%
8:30am CNY PPI y/y 8.6% 8.8%
9th-13th CNY M2 Money Supply y/y 8.7% 8.6%
9th-13th CNY New Loans 1200B 2120B
12:45pm CHF Unemployment Rate 3.0% 3.1%
1:00pm EUR German Trade Balance 13.9B 12.6B
3:30pm EUR Sentix Investor Confidence 29.2 29.8
9:00pm USD FOMC Member Bostic Speaks
9:00pm USD JOLTS Job Openings 9.27M 9.21M
11:00pm USD FOMC Member Barkin Speaks
Note: Time is based on Indonesian local time
Source: Forex Factory

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