February 15, 2022

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 6,734.5 -1.2 1.8 8.7
JCI closed lower 1.2% on the back of profit-taking by domestic investors amid
MSCI Indonesia 23.8 0.0 0.4 -0.6
escalating geopolitical tensions between Russia and Ukraine. IDXEnergy sector
MSCI EM 1,220.4 -1.6 -1.3 -13.2
was the only gain sector, led by gains in ADRO, ADMR, ITMG, and MEDC. We
HANG SENG 24,556.6 -1.4 2.1 -17.5 reiterate our stock picks in the energy-related sector, i.e. ITMG and MEDC.
KOSPI 2,704.5 -0.1 -7.4 -14.1 Foreign investors kept confidence in Indonesia equity by booking net buy
FTSE 7,531.6 -2 1.6 13.4 around IDR403bn yesterday (Foreign Top Buy: BBNI, BBRI, BMRI, ITMG, ADRO).
DJIA 34,566.2 -0.5 -3.3 10.4 CPO prices closed at a record high level as India’s move to reduce its import
NASDAQ 13,790.9 0.0 -7.4 -2.2 duty on palm oil. Investors keep an eye on January 2022 Indonesia trade data
today (Consensus estimate a trade surplus of USD199million).
Valuation
2022F P/E (x) P/B (x) ROE (%) US equity indices closed lower for a third consecutive session on Monday as
JCI 16.0 2.1 14.8 investors factor in lingering geopolitical tensions, ongoing inflationary
pressures, and concerns over the Fed’s policy pivot. Investors monitor
Key Rates
diplomacy talks between Russia, Europe, and the US. The news indicates that
Last Trade Chg (bps) MoM YoY Russian President Vladimir Putin agreed to continue engaging in discussions
BI 7-Day RR 3.50 0 0 -25 with Western leaders, who are aiming to prevent a war in Ukraine. On
3yr 4.95 -1 4 -11 monetary policy, St. Louis Fed President James Bullard reiterated his view that
10yr 6.51 -1 12 27 policymakers should react to inflation by moving more swiftly than previously
planned to remove accommodative monetary stimulus. On commodities, WTI
FX
crude oil prices increased 2% to USD94.98/barrel, a fresh seven-year peak, on
Last Trade Chg (%) MoM YoY supply worries.
USD/IDR 14,326.0 -0.1 0.4 3.1
USD/KRW 1,193.8 -0.4 0.1 8.4 Media (Neutral) – January audience share: MNCN still holds the
USD/JPY 115.5 0.1 0.8 9.6 highest share on prime time
USD/CNY 6.4 0.0 0.0 -1.6
Christine Natasya (natasya@miraeasset.co.id)
Commodities SCMA takes a little share of MNCN primetime in January 2022
Last Trade Chg (%) MoM YoY
January TV audience share data suggest that Surya Citra Media’s (SCMA)
WTI 95.5 2.5 13.9 82.1
performance across prime time audience share showed an increase, mostly
Gold 1,871.2 0.7 2.9 2.9 eating into the shares of Media Nusantara Citra (MNCN) group and Trans
Coal 240.0 -2.0 10.7 174.4 Group channels, such as Trans TV and Trans 7 channels. The prime time
Palm Oil 5,935.0 2.3 12.0 52.3 audience share of SCMA’s flagship TV channel, SCTV, increased by 40bps MoM
Rubber 185.2 0.8 8.3 -0.8 to 14.5% in January, while Indosiar (IVM) increased by a whopping 300bps MoM
Nickel 23,170.0 0.5 4.4 24.8 to 14.7%. SCTV’s primetime shows, Dewi Rindu (translated: Dewi & Rindu) and
Copper 9,860.5 -3.8 1.5 18.3 Buku Harian Seorang Istri (translated: A Wife’s Diary), have successfully gained
43,267.0 -0.6 7.9 84.1 a meaningful audience recently.
Tin
RCTI to keep dominating prime time audience share
JCI Index VS MSCI Emerging Markets In January, MNCN posted a decrease in prime time audience share, dropping by
(pt) JCI MSCI EM (pt) 230bps MoM to 46.2% (from 48.5% in December). Regardless, we think MNCN’s
audience share still retains the highest so far. MNCN’s flagship TV, RCTI, also
8,000 1,550 has recently added the infamous series by MD Pictures in February. The series,
which has also been aired on WeTV since 4Q21, titled Layangan Putus
1,300
6,500 (translated: Kites Break Up) is now available in RCTI primetime show, which we
1,050 think has gained a lot of attention of viewers, too. We believe RCTI will maintain
5,000 its highest prime time audience share in February.
800
Maintain Neutral on the sector; MNCN is our top pick
3,500 550
01/18 01/19 01/20 01/21 01/22 We maintain our Media sector to Neutral given our expectation on the back of
rising CPO prices which will slow down FMCG’s ad spend. Additionally, digital
media’s competition has risen. However, we do still expect a better economy on
vaccine rollout acceleration in 2022F, which should underpin consumers’
purchasing power as well as ad spend recovery, especially in 2H22. Despite
tight competition in the TV industry that might cap the rate card increase, our
top pick for the sector is MNCN.
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 15, 2022

Local flash

BSDE: Bumi Serpong Damai (BSDE) Prints Marketing Sales of IDR 7.7 Trillion
in 2021. PT Bumi Serpong Damai Tbk (BSDE) reports marketing sales or pre sales
reaching IDR 7.7 trillion throughout 2021. This achievement is 10% higher
compared to the company's initial target of IDR 7 trillion. When compared to the
achievement in 2020, the pre-sales performance of BSDE in 2021 also increased
by 19%. Just so you know, in 2020, BSDE pocketed a pre-sale of IDR 6.5 trillion. The
residential segment was the largest contributor with transaction value reaching
IDR 5.2 trillion, equivalent to 68% of pre-sales. In the last three months of 2021,
BSDE was able to record pre-sales of IDR 1.64 trillion, equivalent to 24% of the
annual target. (Kontan)

INOV: Aim for Positive Growth, This is Inocycle Technology (INOV) Strategy
This Year. An issuer engaged in the recycling of plastic bottle waste (PET) into
Recycled Polyester Staple Fiber (Re-PSF), PT Inocycle Technology Group Tbk (INOV)
sees that the trend of using recycled products has increased quite well to date.
This condition makes the company optimistic that it can record a positive
performance, aiming for sales and net profit to grow by 20% and 25% respectively
in 2022. (Kontan)

ARNA: Arwana Citramulia (ARNA) Targets 30% Profit Growth in 2022. PT

Arwana Citramulia Tbk (ARNA) is optimistic that it can continue its sales and net
profit growth this year. The issuer, which is engaged in the ceramics industry, is
also expanding to increase production capacity. ARNA Chief Financial Officer Rudy
Sujanto revealed that his company projects net sales this year to increase by 8%.
The increase in sales was accompanied by an average selling price (ASP) of 1.8%
and an increase in sales volume of 6.3%. ARNA targets sales of 72 million m2 this
year. "Meanwhile, net profit is projected to reach IDR 610 billion, growing by 30%
(Kontan)

CTRA: Ciputra (CTRA) Office Space Absorption Projection Still Slows This Year.
Property issuer PT Ciputra Development Tbk (CTRA) projects that the uptake of
office space owned by it this year will still be slow. Director of Ciputra
Development Harun Hajadi said that in general the office business had suffered
the most significant impact of the pandemic. Regarding occupancy, Harun
explained that he currently has a decent office space occupancy because he has
tenants with long term tenants. Despite the changes, the occupancy gains did not
change significantly. (Kontan)

BRIS: Bank Syariah Indonesia (BSI) Targets Retirement Savings to Grow 30%
by 2022. PT Bank Syariah Indonesia (BSI) targets managed funds for pension
savings to increase this year. This is in line with the company's focus on becoming
a salary channeling bank for state civil servants (ASN) and their retirees. "We
project that the management of pension savings funds at BSI can increase by
around 30% from 2021," said BSI Sales & Distribution Director Anton Sukarna,
Monday (14/2). BSI is committed to continuously improving services for all
customers, including BSI retirement savings customers. For this reason, every
customer will have easy access to services at 1,365 BSI branch offices in various
parts of Indonesia. (Kontan)

2
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 15, 2022

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

Jakarta Composite Index (JCI) Daily –Consolidation

Summary
Item Data Item Data
Close (Feb 14, 2022) 6,734.49(-1.19%) Trading range 6,707 – 6,772
Average index performance (%) +5.52Target
Period 163 - Daily 6,772
r-squared 0.8241 - Weekly 6,803
Volatility (+/-, %) +0.43/-0.53 - Monthly 6,930
Volatility (+/-, point) +29.30 /-35.85 Stop loss 6,690
Source: Mirae Asset Sekuritas Indonesia Research

Figure 1. Daily, Medium Term Uptrend

xx` Chg.: -1.19%
IHSG [ ^JKSE ] - Daily - 2/14/2022 Open: 6,791 High: 6,797 Low: 6,699 Close: 6,734 Vol. 20,253,065,216
6,979.67

Demand 6,821.5
S_VWAP Supply
6,806.3
_____ 6,772.5_____ 6,758.2
D_VWAP _____ 6,707.4_____ 6,695.5 6,734.49
6,704.38
6,663.33

Tasrul Optimization Trading System - ©2010

NBSA 2.0 - ^JKSE - IHSG - 2/14/2022 : Rp. 168.78 Milyar ; NBSA/Value : 0.1%

168.777
0.00000

^JKSE - Volume = 20,253,065,216.00, Avg.Volume_date = 23,933,700,096.00, Avg.Volume_date = 20,444,149,760.00 23,933,700,096

20,444,149,760
20,253,065,216
Tasrul Optimization Trading System - ©2010
Aug Sep Oct Nov Dec 2022 Feb
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 February 15, 2022

Figure 2. Daily, MFI optimized & RSI optimized

^JKSE - MFI Smoothed = 23.42 X` x`x`

23.4235

^JKSE - RSI Smoothed = 26.26

26.2596

IHSG [ ^JKSE ] - Daily - 2/14/2022 Open: 6,791 High: 6,797 Low: 6,699 Close: 6,734 Vol. 20,253,065,216 Chg.: -1.19%

Demand Supply
S_VWAP _____ 6,772.5 _____ 6,758.2 6,806.3
D_VWAP _____ 6,707.4 _____ 6,695.5 6,734.49
6,704.38

^JKSE - Volume = 20,253,065,216.00, Avg.Volume_date = 20,444,149,760.00, Avg.Volume_date = 23,933,700,096.00

23,933,700,096
20,444,149,760
20,253,065,216

Tasrul Optimization Trading System - ©2010

Sep Oct Nov Dec 2022 Feb
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 February 15, 2022

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

^JKSE - MFI Smoothed = 61.51

61.5103

^JKSE - RSI Smoothed = 61.61

61.6116

IHSG [ ^JKSE ] - Weekly - 2/14/2022 Open: 6,791 High: 6,797 Low: 6,699 Close: 6,734 Vol. 20,253,065,216 Chg.: -1.19%
6,995.16
Demand Supply 6,821.76
_____ 6,802.9 _____ 6,786.7
D_VWAP S_VWAP _____ 6,675.9 _____ 6,651.0 6,734.49
6,705.9
6,649.4
6,648.36

Tasrul Optimization Trading System - ©2010

^JKSE - Volume = 20,253,065,216.00, Avg.Volume_date = 87,734,050,816.00, Avg.Volume_date = 80,912,957,440.00

87,734,050,816
80,912,957,440

Tasrul Optimization Trading System - ©2010 20,253,065,216

Oct 2021 Apr Jul Oct 2022
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 : 6,707 – 6,772 Figure 5. Weekly : 6,676 – 6,803 Figure 6. Monthly : 6,632 – 6,930
x
IHSG [ ^JKSE ] - Daily - 2/14/2022 Open: 6,791 High: 6,797 Low: 6,699 Close: 6,734 Vol. 20,253,065,216 Chg.: -1.19%
x
IHSG [ ^JKSE ] - Weekly - 2/14/2022 Open: 6,791 High: 6,797 Low: 6,699 Close: 6,734 Vol. 20,253,065,216 Chg.: -1.19%
x
IHSG [ ^JKSE ] - Monthly - 2/14/2022 Open: 6,658 High: 6,874 Low: 6,648 Close: 6,734 Vol. 203,146,428,416 Chg.: 1.56%

Supply
Demand Demand
Demand Supply _____ 6,968.1
_____ 6,930.2
Supply
_____ 6,802.9
_____ 6,772.5 _____ 6,786.7
6,734.49
_____ 6,758.2
_____ 6,632.4
6,734.49
6,734.49
_____ 6,490.1
_____ 6,707.4 _____ 6,675.9
_____ 6,695.5 _____ 6,651.0

NBSA 2.0 - ^JKSE - IHSG - 2/14/2022 : Rp. 168.78 Milyar ; NBSA/Value : 0.1% NBSA 2.0 - ^JKSE - IHSG - 2/14/2022 : Rp. 8,804.02 Milyar ; NBSA/Value : 0.6%
NBSA 2.0 - ^JKSE - IHSG - 2/14/2022 : Rp. 168.78 Milyar ; NBSA/Value : 0.1%

8,804.02

168.777 168.777
0.00000
0.00000 0.00000

^JKSE - Volume = 20,253,065,216.00 ^JKSE - Volume = 203,146,428,416.00

^JKSE - Volume = 20,253,065,216.00

20,253,065,216
20,253,065,216 203,146,428,416
Feb 14 2022 Apr 2022
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 February 15, 2022

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

(pt) JCI (L) USD/IDR (R) (IDR) (%, %p) Absolute Relative
6,900 14,500 24 22.0
6,850
14,450 20
6,800
6,750 14,400 16
6,700 14,350 12
6,650 7.4
6,600 14,300 8
3.6
6,550 14,250 4
6,500 0.4 0.6
14,200 0
6,450
6,400 14,150 -1.2 -1.0 -1.1
-4
11/15 12/13 1/10 2/7 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)

170 CPO WTI Coal
1,500
1,285
1,042
1,000 150

500 424 130

136 28 112 60 47
0 110
-47
-127
-228
-500 90

-1,000 -855 70
Korea Taiwan Indonesia ThailandPhilippines India 11/15 12/13 1/10 2/7

Note: The latest figure for India is Feb 11th, 2022 Source: Bloomberg, Mirae Asset Sekuritas Indonesia
Source: Bloomberg, Mirae Asset Sekuritas lIndonesia

Chart 11. Non-ferrous metal price Chart 12. Precious metal price

(D-3M=100) Copper Nickel Tin (D-3M=100) Silver Gold Platinum

125 110

115
100

105

90
95

85 80
11/21 12/21 01/22 02/22 11/21 12/21 01/22 02/22

Source: Bloomberg, Mirae Asset Sekuritas Indonesia Source: Bloomberg, Mirae Asset Sekuritas Indonesia

6
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 15, 2022

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 FY22 FY23 FY22 FY23 FY22 FY23
Jakarta Composite Index JCI 6,734 8,461,964 -1.2 -1.0 0.6 7.4 16.0 14.3 2.1 2.0 14.8 15.5
Financials
Bank Central Asia Tbk PT BBCA 7,700 949,218 -1.6 -1.3 -1.9 13.2 28.6 31.3 4.4 4.7 16.2 15.9
Bank Rakyat Indonesia Persero Tbk PT BBRI 4,410 668,375 -0.9 0.2 5.5 -4.0 16.0 22.0 2.2 2.3 12.8 11.6
Bank Mandiri Persero Tbk PT BMRI 7,800 364,000 1.0 4.0 8.7 20.0 11.7 14.3 1.6 1.8 14.2 13.0
Bank Tabungan Negara Persero Tbk PT BBTN 1,770 18,744 0.0 0.9 2.9 -4.6 7.7 9.0 0.9 0.9 11.5 10.0
Bank Negara Indonesia Persero Tbk PT BBNI 7,700 143,595 0.0 4.4 8.5 23.7 11.5 14.5 1.0 1.2 9.3 8.5
Consumer Non-Cyclicals
Unilever Indonesia Tbk PT UNVR 3,850 146,878 -1.3 -3.8 -8.8 -45.4 27.2 24.4 36.3 33.7 124.4 129.1
Hanjaya Mandala Sampoerna Tbk PT HMSP 950 110,502 -1.6 -1.0 -1.6 -32.1 14.6 14.3 3.7 3.7 25.0 26.1
Charoen Pokphand Indonesia Tbk PT CPIN 5,800 95,108 -0.9 -4.5 -6.1 -5.3 24.3 20.6 3.8 3.4 15.6 16.3
Indofood CBP Sukses Makmur Tbk PT ICBP 8,550 99,709 -1.2 -1.2 -2.3 -4.7 15.2 13.7 3.0 2.7 20.5 19.6
Gudang Garam Tbk PT GGRM 30,900 59,454 1.3 -0.3 -3.4 -20.2 10.1 9.3 1.0 0.9 9.8 10.1
Mayora Indah Tbk PT MYOR 1,755 39,240 -1.7 -7.4 -18.4 -31.7 24.2 20.2 3.3 3.0 13.5 15.3
Indofood Sukses Makmur Tbk PT INDF 6,350 55,756 0.0 -1.9 -2.3 3.3 7.8 7.1 1.2 1.1 15.4 15.0
Japfa Comfeed Indonesia Tbk PT JPFA 1,580 18,528 -0.9 -1.9 -6.0 2.9 9.5 8.7 1.5 1.4 15.3 14.9
Astra Agro Lestari Tbk PT AALI 10,300 19,824 2.2 4.6 3.3 -8.0 8.7 8.7 1.0 0.9 11.4 10.4
Basic Materials
Barito Pacific Tbk PT BRPT 1,000 93,747 -2.4 5.8 16.3 -15.6 69.9 34.9 N/A N/A 2.9 3.8
Aneka Tambang Tbk ANTM 1,890 45,418 2.4 4.4 -3.1 -34.8 19.4 16.0 2.1 2.0 11.8 12.8
Semen Indonesia Persero Tbk PT SMGR 7,200 42,707 -2.4 -0.3 2.9 -35.6 18.3 14.4 1.2 1.1 6.6 7.9
Vale Indonesia Tbk PT INCO 4,700 46,701 -1.7 -0.2 -1.5 -25.4 19.3 19.3 1.5 1.4 7.5 7.3
Indocement Tunggal Prakarsa Tbk PT INTP 10,775 39,665 -1.4 -3.6 -2.7 -22.2 24.3 20.6 1.8 1.8 7.5 8.7
Infrastructures
Telkom Indonesia Persero Tbk PT TLKM 4,400 435,874 -1.1 2.6 5.0 38.4 18.4 16.6 4.0 3.8 21.7 22.5
Indosat Tbk PT ISAT 5,450 43,942 -2.7 -4.0 -9.9 -9.9 30.5 23.3 2.1 2.2 27.0 6.0
XL Axiata Tbk PT EXCL 2,980 31,960 -3.2 -4.2 -3.6 29.6 26.4 23.0 1.6 1.5 5.8 6.9
Waskita Karya Persero Tbk PT WSKT 610 17,572 -6.2 -8.3 -3.2 -57.4 N/A N/A 1.2 1.3 -3.1 -7.4
Wijaya Karya Persero Tbk PT WIKA 1,075 9,643 -2.3 -5.7 -4.9 -46.5 44.6 11.2 0.7 0.6 2.3 4.5
PP Persero Tbk PT PTPP 975 6,045 -3.0 -4.9 -2.5 -47.0 18.5 12.2 0.6 0.5 2.6 3.8
Adhi Karya Persero Tbk PT ADHI 895 3,187 -2.7 1.1 0.6 -42.1 N/A N/A 0.5 0.5 1.3 4.7
Industrials
Astra International Tbk PT ASII 5,300 214,563 -2.8 -3.2 -7.4 -10.9 10.9 9.5 1.3 1.2 11.7 12.6
United Tractors Tbk PT UNTR 23,450 87,472 1.7 3.8 -0.3 0.9 8.2 7.5 1.3 1.2 16.1 15.8
Energy
Adaro Energy Tbk PT ADRO 2,230 71,329 2.8 1.4 -1.8 83.5 7.4 7.4 1.2 1.1 15.8 13.7
Bukit Asam Tbk PT PTBA 2,910 33,525 1.0 3.2 2.8 11.9 5.1 6.1 1.5 1.4 33.1 25.6
Properties & Real Estate
Bumi Serpong Damai Tbk PT BSDE 910 19,266 -3.2 -8.1 -9.9 -27.8 14.5 12.8 0.6 0.5 4.3 5.0
Pakuwon Jati Tbk PT PWON 426 20,516 -1.4 -4.5 -2.7 -22.5 16.2 22.1 1.3 1.2 7.7 9.4
Ciputra Development Tbk PT CTRA 950 17,632 -1.0 0.5 0.5 -12.8 12.1 N/A 1.1 1.0 8.6 7.5
Summarecon Agung Tbk PT SMRA 680 11,191 -3.5 -4.9 -9.9 -18.4 35.4 N/A 1.4 1.3 3.9 5.8
Technology
DCI Indonesia Tbk PT DCII 44,650 106,434 -1.0 3.4 -0.8 265.2 N/A N/A N/A N/A N/A 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 N/A
Adi Sarana Armada Tbk PT ASSA 2,560 8,698 -4.8 -5.2 -24.5 116.9 74.1 32.1 5.1 3.9 7.8 13.4
Healthcare
Kalbe Farma Tbk PT KLBF 1,600 75,000 -2.1 -5.0 -5.6 4.9 24.8 22.6 3.9 3.6 16.4 16.4
Mitra Keluarga Karyasehat Tbk PT MIKA 2,250 32,054 0.4 -10.0 0.4 -26.0 28.2 31.6 5.8 5.3 21.1 18.2
Industri Jamu dan Farmasi Sido Muncul Tbk SIDO 955 28,869 1.1 3.2 2.1 21.8 20.5 24.5 7.5 8.4 37.7 35.2
Siloam International Hospitals Tbk PT SILO 7,550 12,275 -4.4 -7.4 -12.5 46.6 20.0 21.7 1.9 1.8 9.0 8.3
Medikaloka Hermina Tbk PT HEAL 1,040 15,486 0.0 -3.3 -6.3 26.8 16.6 24.0 4.7 4.1 27.8 17.4
Consumer Cyclicals
Ace Hardware Indonesia Tbk PT ACES 1,210 20,752 -0.8 -5.1 -11.7 -24.4 37.6 24.9 3.8 3.5 10.6 14.6
Surya Citra Media Tbk PT SCMA 266 19,676 -2.9 -8.3 -13.1 -37.6 14.0 12.6 4.1 3.1 32.5 29.4
Media Nusantara Citra Tbk PT MNCN 935 14,072 -0.5 6.9 9.4 -15.0 5.7 5.1 0.8 0.7 14.6 14.2
Mitra Adiperkasa Tbk PT MAPI 750 12,450 -4.5 1.4 -5.1 -0.7 58.1 16.0 2.2 2.0 3.6 11.9
Ramayana Lestari Sentosa Tbk PT RALS 620 4,400 -1.6 -3.9 0.0 -17.3 26.9 12.7 1.1 1.1 3.7 7.8
Source: Bloomberg, Mirae Asset Sekuritas Indonesia
*Note: Valuation metrics based on Bloomberg consensus estimates

7
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 15, 2022

Sector performance Top 10 market cap performance

Market Cap
Name Index Chg (%) Ticker Price Chg (%)
(IDRbn)
Financials 1,578.0 -1.8 SUPR IJ Equity 23800 27,074 19.90
Consumer Non-Cyclicals 653.3 -0.4 MEDC IJ Equity 605 15,207 6.14
Basic Materials 1,256.3 -2.0 TAPG IJ Equity 690 13,698 5.34
Infrastructures 928.4 -0.7 CMNP IJ Equity 2000 10,866 5.26
Industrials 1,035.1 -0.9 ITMG IJ Equity 22925 25,904 4.80
Energy 1,297.6 1.5 UNIC IJ Equity 13500 5,175 4.65
Properties & Real Estate 720.9 -1.3 CPRO IJ Equity 106 6,315 3.92
Technology 7,919.4 -2.6 STTP IJ Equity 8000 10,480 3.90
Transportation & Logistic 1,893.2 -3.1 BRMS IJ Equity 149 21,126 3.47
Healthcare 1,395.9 -1.0 DSNG IJ Equity 600 6,360 3.45
Consumer Cyclicals 926.4 -0.8
Composite 6,734.5 -1.2
Source: Bloomberg

Top 5 leading movers Top 5 lagging movers

Name Chg (%) Close Name Chg (%) Close
BMRI IJ 1.0 7,800 BBCA IJ -1.6 7,700
SUPR IJ 19.9 23,800 TPIA IJ -6.2 9,400
NETV IJ 24.3 665 ARTO IJ -5.4 14,150
ADRO IJ 2.8 2,230 ASII IJ -2.8 5,300
UNTR IJ 1.7 23,450 BBRI IJ -0.9 4,410
Source: Bloomberg

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Time Currency Detail Forecast Previous
4:45am NZD Visitor Arrivals m/m 44.0%
6:50am JPY Prelim GDP Price Index y/y -1.3% -1.2%
6:50am JPY Prelim GDP q/q 1.5% -0.9%
7:30am AUD Monetary Policy Meeting Minutes
11:30am JPY Revised Industrial Production m/m -1.0% -1.0%
2:00pm GBP Average Earnings Index 3m/y 3.8% 4.2%
2:00pm GBP Claimant Count Change -36.2K -43.3K
2:00pm GBP Unemployment Rate 4.1% 4.1%
5:00pm EUR ZEW Economic Sentiment 54.4 49.4
5:00pm EUR German ZEW Economic Sentiment 55.1 51.7
5:00pm EUR Flash Employment Change q/q 1.0% 0.9%
5:00pm EUR Flash GDP q/q 0.3% 0.3%
5:00pm EUR Trade Balance -4.7B -1.3B
Tentative GBP 10-y Bond Auction 0.92|2.2
8:15pm CAD Housing Starts 244K 236K
8:30pm USD PPI m/m 0.5% 0.2%
8:30pm USD Core PPI m/m 0.5% 0.5%
8:30pm USD Empire State Manufacturing Index 11.9 -0.7
9:30pm GBP CB Leading Index m/m 0.2%
Tentative USD Mortgage Delinquencies 4.88%
10:30pm AUD CB Leading Index m/m 0.4%
Tentative NZD GDT Price Index 4.1%
Note: Time is based on Indonesian local time
Source: Forex Factory

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Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 15, 2022

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Mirae Asset Sekuritas Indonesia