February 16, 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 6,807.5 1.1 0.6 7.0
MSCI Indonesia 24.3 2.2 0.4 -0.7 JCI closed higher 1.08% on Tuesday, led the Finance sector (BBCA, BMRI, BBNI,
MSCI EM 1,229.1 0.7 -2.9 -15.4 BBRI) on easing geopolitical tension. Foreign investors keep confidence in
HANG SENG 24,355.7 -0.8 0.7 -20.1 Indonesia equity by booking net buy of IDR967billion (Top 5 foreign net buy:
KOSPI 2,676.5 1.6 -8.4 -15.4 BBNI, BBCA, TLKM, AALI, PTBA). Indonesia booked a higher than expected trade
FTSE 7,608.9 1 -0.2 11.6 balance at USD930mn in January (vs consensus expectation of USD199mn) on
DJIA 34,988.8 1.2 -3.7 9.9 the back of lower than expected import growth at 36% YoY (vs consensus
NASDAQ 14,139.8 2.5 -7.4 -2.2 expectation of 52% YoY). Indonesia’s daily Covid cases hit a new high (57,049
Valuation cases on Tuesday), exceeding the Covid delta peak in 2021 but with much lower
2022F P/E (x) P/B (x) ROE (%)
fatality rates. We expect JCI to trade higher today on easing geopolitical
JCI 16.2 2.2 14.8
tension.
Key Rates
Last Trade Chg (bps) MoM YoY US equity indices rebounded strongly on Tuesday as signs of de-escalating
BI 7-Day RR 3.50 0 0 -25 geopolitical tensions in Ukraine helped fuel a relief rally. Russia returned some
3yr 4.94 -1 3 -9 of its military units to their bases, while diplomatic talks continued this week.
10yr 6.51 0 12 23 President Biden said that the US is committed to diplomacy. 10-year US
Treasury yield increased 5 bps to 2.05%. Inflation data remained in focus. The
FX
Producer Price Index (PPI) rose 1% MoM in January (vs consensus expectation
Last Trade Chg (%) MoM YoY
of 0.5% MoM), the most in eight months. The PPI jumped 9.7% YoY. Core PPI
USD/IDR 14,300.0 -0.2 0.0 3.0
(excluding food and energy) came in at a hotter-than-expected 8.3% YoY (vs
USD/KRW 1,200.0 0.5 0.6 9.1
USD/JPY 115.6 0.1 0.9 9.0 consensus expectation of 7.9 YoY).
USD/CNY 6.3 0.0 0.1 -1.6
Bank Syariah Indonesia (BRIS IJ) – The largest sharia bank in the
Commodities largest Muslim populated country
Last Trade Chg (%) MoM YoY
Handiman Soetoyo (handiman.soetoyo@miraeasset.co.id)
WTI 92.1 -3.6 9.8 75.6
Gold 1,853.6 -0.9 1.9 3.3 BRIS marks its first anniversary post the merger of three SOE sharia banks:
Coal 239.0 -0.4 10.3 174.6 Bank Syariah Mandiri, BRI Syariah, and BNI Syariah, creating the largest sharia
Palm Oil 5,865.0 -1.2 10.7 49.4 bank in Indonesia by asset.
Rubber 188.1 1.5 9.2 0.0
23,292.0 0.5 4.9 25.1 BRIS has a significant potential to grow its market share from merely 7%
Nickel
Copper 9,920.0 0.6 2.1 18.2 currently.
Tin 43,408.0 0.3 7.2 77.4 BRIS currently focuses its financing on high-yield, low-risk consumer segment
called payroll financing, targeting civil servants and SOEs’ employees.
JCI Index VS MSCI Emerging Markets
The digital app is designed specifically to cater the needs of Muslim people by
(pt) JCI MSCI EM (pt) providing several features ranging from spiritual, social, and financial.
8,000 1,550
BRIS will conduct a rights issue to raise its free float shares from 6.14% to at
6,500 1,300 least 7.5%.
1,050 In FY21, BRIS posted a net profit of IDR3.0bn, rose by 38.4% YoY, which is
5,000
800 attributable to: 1) rising margin income (+4.8% YoY); 2) lower profit sharing
expenses (-8.3% YoY); and 3) lower provision expenses (-6.1% YoY).
3,500 550
01/18 01/19 01/20 01/21 01/22 Financing grew by 9.3% YoY to IDR170.8tr with consumer financing growing by
20.0% YoY (48.1% of total financing), followed by pawning (+12.9% YoY, 2.7% of
total), and micro financing (+12.8% YoY, 9.5% of total).
Currently, BRIS is trading at forward P/B of 2.3x (+0.35 SD of its 3-year mean
P/B).
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 16, 2022

Local flash

AALI: Astra Agro Lestari (AALI) Prepares Funds for Equipment Rejuvenation
and Replanting. PT Astra Agro Lestari Tbk (AALI) allocates capital expenditure or
capital expenditure (capex) of around Rp. 1 trillion-Rp 1.5 trillion for 2022. This
amount is not much different from the allocation of capex in 2021 which is Rp. 1.2
trillion. AALI President Director Santosa said that the 2022 capex will be used for
the rejuvenation of several operational equipment. "This year the capex is big
enough for rejuvenating heavy equipment and transportation equipped with a
tracker so we know where the equipment is, how long it works, and so on," said
Santosa in a virtual Talk to The CEO 2022 event, Tuesday ( 15/2). (Kontan)

CSAP: This year, Catur Sentosa Adiprana (CSAP) will open 3-4 new Mitra10
outlets. PT Catur Sentosa Adiprana Tbk (CSAP) has prepared a number of
business strategies to welcome 2022. In the modern retail segment, the company
plans to open three to four new Mitra10 outlets, as well as remodeling the four
existing Mitra10 stores. "Including efforts to increase the contribution of private
brands, adding home applicance products with a better display concept, and
increasing the bathroom category products to become destination products," said
Corporate Secretary Catur Sentosa Adiprana, Idrus Widjajakusuma (Kontan)

TBIG: Tower Bersama (TBIG) Issued Bonds To Repay Part of Loans. PT Tower
Bersama Infrastructure Tbk (TBIG) will issue bonds worth Rp 2.2 trillion. Tower
Bersama will use the proceeds from this issuance to finance the subsidiary's debt.
The bonds, named the Sustainable Bonds V Tower Bersama Infrastructure Phase
III 2022, will be offered in two series. Series A has a principal value of Rp 1.7
trillion with a fixed interest rate of 3.75% per year and a tenor of 370 days.
Meanwhile, Series B has a principal amount of Rp 500 billion with a fixed interest
rate of 5.90% per year and a term of three years. (Kontan)

SGRO: Sampoerna Agro (SGRO) Will Issue Debt Instruments Worth IDR 830.5
Billion. PT Sampoerna Agro Tbk (SGRO) will issue debt securities or bonds with a
total principal amount of Rp 830.5 billion. The notes consist of Shelf Registration
Bonds I Sampoerna Agro Phase III Year 2022 with a principal value of IDR 525.38
billion and Sustainable Sukuk Ijarah I Sampoerna Agro Phase III Year 2022 with
remaining ijarah fee of IDR 305.11 billion. Based on KSEI's announcement,
Tuesday (15/2), the bonds will consist of two series. First, the Series A offered with
a principal amount of Rp 75 billion has a tenor of three years and a fixed interest
rate of 7.15% per year. (Kontan)

ASII: Astra International (ASII) Achieved an Increase in Market Share in

January 2022. PT Astra International Tbk (ASII) recorded an increase in sales
market share in the January 2022 period of 53% compared to January 2021 which
was perched at 51%. In sales data received by Kontan, the market share of the
LGCC segment decreased to 72% in the same period compared to 2021 which was
74%. Furthermore, the total sales of ASII cars in the January 2022 period also
reached 44,308 units, up 65.14% compared to the same sales in January 2021
which were 26,830 units. (Kontan)

2
Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 16, 2022

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

Jakarta Composite Index (JCI) Daily – Test Resistance at 6,826

Summary
Item Data Item Data
Close (Feb 15, 2022) 6,807.5(+1.08%) Trading range 6,781 – 6,826
Average index performance (%) +6.32Target
Period 164 - Daily 6,826
r-squared 0.8266 - Weekly 6,832
Volatility (+/-, %) +0.36/-0.62 - Monthly 6,955
Volatility (+/-, point) +24.41 /-42.04 Stop loss 6,690
Source: Mirae Asset Sekuritas Indonesia Research

Figure 1. Daily, Medium Term Uptrend

xx` Chg.: 1.08%
IHSG [ ^JKSE ] - Daily - 2/15/2022 Open: 6,746 High: 6,807 Low: 6,727 Close: 6,807 Vol. 20,990,525,440
6,985.21

Demand Supply
6,826.35
S_VWAP _____ 6,810.2_____ 6,805.1 6,807.5
_____ 6,745.0_____ 6,738.5 6,801.71
D_VWAP
6,722.1
6,667.5

Tasrul Optimization Trading System - ©2010

NBSA 2.0 - ^JKSE - IHSG - 2/15/2022 : Rp. 615.98 Milyar ; NBSA/Value : 0.4%

615.981
0.00000

^JKSE - Volume = 20,990,525,440.00, Avg.Volume_date = 23,345,065,984.00, Avg.Volume_date = 21,540,374,528.00 23,345,065,984

21,540,374,528
20,990,525,440

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 16, 2022

Figure 2. Daily, MFI optimized & RSI optimized

^JKSE - MFI Smoothed = 41.83 X` x`x`

41.8297

^JKSE - RSI Smoothed = 51.10

51.0951

IHSG [ ^JKSE ] - Daily - 2/15/2022 Open: 6,746 High: 6,807 Low: 6,727 Close: 6,807 Vol. 20,990,525,440 Chg.: 1.08%

Demand Supply
S_VWAP _____ 6,810.2 _____ 6,805.1 6,807.5
D_VWAP _____ 6,745.0 _____ 6,738.5
6,801.71
6,722.1

^JKSE - Volume = 20,990,525,440.00, Avg.Volume_date = 21,540,374,528.00, Avg.Volume_date = 23,345,065,984.00

23,345,065,984
21,540,374,528
20,990,525,440

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 16, 2022

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

^JKSE - MFI Smoothed = 59.85

59.8492

^JKSE - RSI Smoothed = 70.81

70.8107

IHSG [ ^JKSE ] - Weekly - 2/15/2022 Open: 6,791 High: 6,807 Low: 6,699 Close: 6,807 Vol. 41,243,590,656 Chg.: -0.12%
7,002.81
Demand Supply 6,828.47
_____ 6,831.9 _____ 6,816.6
D_VWAP S_VWAP _____ 6,703.6 _____ 6,678.6 6,807.5
6,709.73
6,654.13
6,652.3

Tasrul Optimization Trading System - ©2010

^JKSE - Volume = 41,243,590,656.00, Avg.Volume_date = 89,483,264,000.00, Avg.Volume_date = 84,411,375,616.00
89,483,264,000
84,411,375,616

41,243,590,656
Tasrul Optimization Trading System - ©2010
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 : 6,781 – 6,826 Figure 5. Weekly : 6,704 – 6,832 Figure 6. Monthly : 6,656 – 6,955
x
IHSG [ ^JKSE ] - Daily - 2/15/2022 Open: 6,746 High: 6,807 Low: 6,727 Close: 6,807 Vol. 20,990,525,440 Chg.: 1.08%
x
IHSG [ ^JKSE ] - Weekly - 2/15/2022 Open: 6,791 High: 6,807 Low: 6,699 Close: 6,807 Vol. 41,243,590,656 Chg.: -0.12%
x
IHSG [ ^JKSE ] - Monthly - 2/15/2022 Open: 6,658 High: 6,874 Low: 6,648 Close: 6,807 Vol. 224,136,953,856 Chg.: 2.66%

Demand
Supply
6,826.35 Demand Supply
Demand _____ 6,831.9
Supply _____ 6,816.6
6,807.5 _____ 6,955.2 _____ 6,993.2
_____ 6,810.2 _____ 6,805.1 6,807.5 6,807.5
_____ 6,656.3
_____ 6,513.5
6,780.8
_____ 6,745.0 _____ 6,738.5 _____ 6,703.6
_____ 6,678.6

NBSA 2.0 - ^JKSE - IHSG - 2/15/2022 : Rp. 784.76 Milyar ; NBSA/Value : 0.3% NBSA 2.0 - ^JKSE - IHSG - 2/15/2022 : Rp. 9,420.01 Milyar ; NBSA/Value : 0.6%
NBSA 2.0 - ^JKSE - IHSG - 2/15/2022 : Rp. 615.98 Milyar ; NBSA/Value : 0.4%
9,420.01
615.981
0.00000
784.758
0.00000 0.00000

^JKSE - Volume = 41,243,590,656.00 ^JKSE - Volume = 224,136,953,856.00

^JKSE - Volume = 20,990,525,440.00

20,990,525,440
224,136,953,856
41,243,590,656
Feb 14 2022 2021 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 16, 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 28
6,850 23.0
14,450 24
6,800
6,750 14,400 20
6,700 14,350 16
6,650
6,600 14,300 12
8.2
6,550 14,250 8
6,500 4.0
14,200 4 1.7
6,450 1.1 0.4 1.1
0.3
6,400 14,150 0
11/16 12/14 1/11 2/8 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
1,172
1,035 150
1,000

500 384 130

68 89 51
0 110
-5
-193
-500 90
-416
-606-677 -673
-1,000 70
Korea Taiwan Indonesia ThailandPhilippines India 11/16 12/14 1/11 2/8

Note: The latest figure for India is Feb 14th, 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

135 110

125

100
115

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 16, 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 6,807 8,550,201 1.1 0.3 1.7 8.2 16.2 14.5 2.2 2.0 14.8 15.5
Financials
Bank Central Asia Tbk PT BBCA 7,875 970,791 2.3 1.9 0.3 13.5 28.6 32.0 4.4 4.8 16.2 15.9
Bank Rakyat Indonesia Persero Tbk PT BBRI 4,430 671,406 0.5 -0.2 6.0 -2.8 16.0 22.1 2.2 2.3 12.8 11.6
Bank Mandiri Persero Tbk PT BMRI 7,900 368,667 1.3 3.6 10.1 22.0 11.7 14.5 1.6 1.8 14.2 13.0
Bank Tabungan Negara Persero Tbk PT BBTN 1,815 19,221 2.5 3.7 5.5 -6.0 7.7 9.2 0.9 0.9 11.5 10.0
Bank Negara Indonesia Persero Tbk PT BBNI 7,925 147,791 2.9 5.7 11.6 24.8 11.5 14.9 1.0 1.2 9.3 8.5
Consumer Non-Cyclicals
Unilever Indonesia Tbk PT UNVR 3,870 147,641 0.5 -3.3 -8.3 -44.9 27.2 24.5 36.3 33.9 124.4 129.1
Hanjaya Mandala Sampoerna Tbk PT HMSP 955 111,084 0.5 -1.5 -1.0 -31.5 14.6 14.4 3.7 3.8 25.0 26.1
Charoen Pokphand Indonesia Tbk PT CPIN 5,850 95,928 0.9 -0.8 -5.3 -7.5 24.5 20.7 3.8 3.4 15.6 16.3
Indofood CBP Sukses Makmur Tbk PT ICBP 8,550 99,709 0.0 -0.9 -2.3 -3.1 15.2 13.7 3.0 2.7 20.5 19.6
Gudang Garam Tbk PT GGRM 30,675 59,021 -0.7 -1.0 -4.1 -20.3 10.0 9.2 1.0 0.9 9.8 10.1
Mayora Indah Tbk PT MYOR 1,810 40,469 3.1 -2.7 -15.8 -30.4 24.9 20.9 3.4 3.1 13.5 15.3
Indofood Sukses Makmur Tbk PT INDF 6,375 55,975 0.4 0.0 -1.9 4.5 7.8 7.1 1.2 1.1 15.4 15.0
Japfa Comfeed Indonesia Tbk PT JPFA 1,575 18,469 -0.3 0.3 -6.3 3.3 9.4 8.6 1.5 1.4 15.3 14.9
Astra Agro Lestari Tbk PT AALI 10,900 20,979 5.8 9.5 9.3 -4.0 9.2 9.3 1.0 1.0 11.4 10.4
Basic Materials
Barito Pacific Tbk PT BRPT 1,000 93,747 0.0 8.1 16.3 -13.8 69.9 35.0 N/A N/A 2.9 3.8
Aneka Tambang Tbk ANTM 1,880 45,178 -0.5 5.0 -3.6 -34.5 19.3 15.9 2.1 2.0 11.8 12.8
Semen Indonesia Persero Tbk PT SMGR 7,275 43,152 1.0 1.7 3.9 -34.0 18.5 14.5 1.2 1.1 6.6 7.9
Vale Indonesia Tbk PT INCO 4,670 46,403 -0.6 0.4 -2.1 -25.0 19.2 19.2 1.5 1.4 7.5 7.3
Indocement Tunggal Prakarsa Tbk PT INTP 10,875 40,033 0.9 0.2 -1.8 -21.5 24.5 20.8 1.8 1.8 7.5 8.7
Infrastructures
Telkom Indonesia Persero Tbk PT TLKM 4,410 436,864 0.2 4.3 5.3 39.1 18.5 16.6 4.0 3.8 21.7 22.5
Indosat Tbk PT ISAT 5,500 44,345 0.9 -1.3 -9.1 -9.5 30.7 23.5 2.2 2.3 27.0 6.0
XL Axiata Tbk PT EXCL 2,980 31,960 0.0 -2.9 -3.6 34.8 26.4 23.0 1.6 1.5 5.8 6.9
Waskita Karya Persero Tbk PT WSKT 610 17,572 0.0 -9.0 -3.2 -57.2 N/A N/A 1.2 1.3 -3.1 -7.4
Wijaya Karya Persero Tbk PT WIKA 1,095 9,822 1.9 -3.9 -3.1 -45.3 45.4 11.4 0.7 0.6 2.3 4.5
PP Persero Tbk PT PTPP 980 6,076 0.5 -5.8 -2.0 -46.0 18.6 12.2 0.6 0.5 2.6 3.8
Adhi Karya Persero Tbk PT ADHI 900 3,205 0.6 -1.1 1.1 -41.0 N/A N/A 0.5 0.5 1.3 4.7
Industrials
Astra International Tbk PT ASII 5,500 222,660 3.8 -0.9 -3.9 -7.2 11.3 9.9 1.3 1.2 11.7 12.6
United Tractors Tbk PT UNTR 24,175 90,176 3.1 9.0 2.8 4.7 8.4 7.7 1.3 1.2 16.1 15.8
Energy
Adaro Energy Tbk PT ADRO 2,290 73,248 2.7 4.1 0.9 89.3 7.6 7.6 1.3 1.2 15.8 13.7
Bukit Asam Tbk PT PTBA 2,910 33,525 0.0 2.5 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 925 19,584 1.6 -4.6 -8.4 -24.5 14.7 12.8 0.6 0.5 4.3 5.0
Pakuwon Jati Tbk PT PWON 438 21,094 2.8 -1.4 0.0 -20.4 16.7 22.7 1.3 1.2 7.7 9.4
Ciputra Development Tbk PT CTRA 955 17,725 0.5 0.0 1.1 -12.8 12.2 N/A 1.1 1.0 8.6 7.5
Summarecon Agung Tbk PT SMRA 700 11,520 2.9 -2.1 -7.3 -15.5 36.5 N/A 1.4 1.4 3.9 5.8
Technology
DCI Indonesia Tbk PT DCII 44,650 106,434 0.0 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 2,530 8,596 -1.2 -1.9 -25.4 118.1 73.3 31.7 5.0 3.9 7.8 13.4
Healthcare
Kalbe Farma Tbk PT KLBF 1,640 76,875 2.5 0.0 -3.2 7.5 25.4 23.2 4.0 3.7 16.4 16.4
Mitra Keluarga Karyasehat Tbk PT MIKA 2,270 32,339 0.9 -2.6 1.3 -24.1 28.4 31.8 5.9 5.4 21.1 18.2
Industri Jamu dan Farmasi Sido Muncul Tbk SIDO 945 28,566 -1.0 2.2 1.1 22.1 20.5 24.3 7.5 8.3 37.7 35.2
Siloam International Hospitals Tbk PT SILO 7,750 12,600 2.6 -4.6 -10.1 49.0 20.5 22.3 2.0 1.9 9.0 8.3
Medikaloka Hermina Tbk PT HEAL 1,045 15,560 0.5 -1.4 -5.9 30.6 16.7 24.1 4.7 4.2 27.8 17.4
Consumer Cyclicals
Ace Hardware Indonesia Tbk PT ACES 1,245 21,352 2.9 0.0 -9.1 -21.5 38.7 25.6 3.9 3.6 10.6 14.6
Surya Citra Media Tbk PT SCMA 254 18,789 -4.5 -14.2 -17.0 -38.6 13.4 12.0 3.9 3.0 32.5 29.4
Media Nusantara Citra Tbk PT MNCN 940 14,147 0.5 9.3 9.9 -15.3 5.8 5.1 0.8 0.7 14.6 14.2
Mitra Adiperkasa Tbk PT MAPI 780 12,948 4.0 5.4 -1.3 4.0 60.4 16.7 2.3 2.1 3.6 11.9
Ramayana Lestari Sentosa Tbk PT RALS 620 4,400 0.0 -3.9 0.0 -16.2 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 16, 2022

Sector performance Top 10 market cap performance

Market Cap
Name Index Chg (%) Ticker Price Chg (%)
(IDRbn)
Financials 1,600.4 1.4 BCAP IJ Equity 240 10,229 20.00
Consumer Non-Cyclicals 657.4 0.6 SUPR IJ Equity 28550 32,478 19.96
Basic Materials 1,263.2 0.5 KPIG IJ Equity 110 8,869 7.84
Infrastructures 940.9 1.3 BRMS IJ Equity 159 22,544 6.71
Industrials 1,058.2 2.2 BUMI IJ Equity 86 6,388 6.17
Energy 1,303.9 0.5 GGRP IJ Equity 695 8,417 6.11
Properties & Real Estate 725.7 0.7 AALI IJ Equity 10900 20,979 5.83
Technology 7,909.7 -0.1 TAPG IJ Equity 730 14,492 5.80
Transportation & Logistic 1,891.9 -0.1 ARNA IJ Equity 890 6,534 5.33
Healthcare 1,407.4 0.8 CMNP IJ Equity 2100 11,410 5.00
Consumer Cyclicals 932.0 0.6
Composite 6,807.5 1.1
Source: Bloomberg

Top 5 leading movers Top 5 lagging movers

Name Chg (%) Close Name Chg (%) Close
BBCA IJ 2.3 7,875 BEBS IJ -6.9 6,050
ASII IJ 3.8 5,500 BYAN IJ -1.5 35,900
TPIA IJ 3.5 9,725 SCMA IJ -4.5 254
BMRI IJ 1.3 7,900 AVIA IJ -1.8 815
BBNI IJ 2.9 7,925 EMTK IJ -0.6 1,765
Source: Bloomberg

Economic Calendar
Time Currency Detail Forecast Previous
3:30am USD President Biden Speaks
4:00am USD TIC Long-Term Purchases 56.9B 137.9B
6:34am AUD MI Leading Index m/m 0.0%
8:30am CNY CPI y/y 1.0% 1.5%
8:30am CNY PPI y/y 9.5% 10.3%
11:30am JPY Tertiary Industry Activity m/m 0.3% 0.4%
2:00pm GBP CPI y/y 5.4% 5.4%
2:00pm GBP Core CPI y/y 4.3% 4.2%
2:00pm GBP PPI Input m/m 1.0% -0.2%
2:00pm GBP PPI Output m/m 0.6% 0.3%
2:00pm GBP RPI y/y 7.4% 7.5%
16th-17th CNY Foreign Direct Investment ytd/y 14.9%
3:45pm AUD RBA Deputy Gov Debelle Speaks
4:30pm GBP HPI y/y 9.3% 10.0%
5:00pm EUR Industrial Production m/m 0.4% 2.3%
Tentative EUR German 10-y Bond Auction -0.08|1.4
8:30pm CAD CPI m/m 0.6% -0.1%
8:30pm CAD Common CPI y/y 2.1% 2.1%
8:30pm CAD Median CPI y/y 3.1% 3.0%
8:30pm CAD Trimmed CPI y/y 3.7% 3.7%
8:30pm CAD Core CPI m/m 0.0%
8:30pm CAD Manufacturing Sales m/m 0.7% 2.6%
8:30pm CAD Wholesale Sales m/m 0.0% 3.5%
8:30pm USD Core Retail Sales m/m 1.0% -2.3%
8:30pm USD Retail Sales m/m 2.1% -1.9%
8:30pm USD Import Prices m/m 1.3% -0.2%
9:15pm USD Industrial Production m/m 0.4% -0.1%
9:15pm USD Capacity Utilization Rate 76.8% 76.5%
10:00pm USD Business Inventories m/m 2.1% 1.3%
Tentative USD Mortgage Delinquencies 4.88%
10:00pm USD NAHB Housing Market Index 82 83

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Mirae Asset Sekuritas Indonesia
 Indonesia Daily Focus February 16, 2022

10:30pm USD Crude Oil Inventories -2.2M -4.8M

Note: Time is based on Indonesian local time
Source: Forex Factory

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Mirae Asset Sekuritas Indonesia