Idx Company Fact Sheet Lq45 2020 01

IDX
Company Fact Sheet

LQ45 February - July 2020
Data Services Division

Indonesia Stock Exchange
List of Contents
LQ45 1. ACES Ace Hardware Indonesia Tbk.
2. ADRO Adaro Energy Tbk.
Companies 3. AKRA AKR Corporindo Tbk.
in Period of 4. ANTM Aneka Tambang Tbk.
5. ASII Astra International Tbk.
Feb - Jul 2020 6. BBCA Bank Central Asia Tbk.
7. BBNI Bank Negara Indonesia (Persero) Tbk.
8. BBRI Bank Rakyat Indonesia (Persero) Tbk.
9. BBTN Bank Tabungan Negara (Persero) Tbk.
10. BMRI Bank Mandiri (Persero) Tbk.
11. BRPT Barito Pacific Tbk.
12. BSDE Bumi Serpong Damai Tbk.
13. BTPS Bank Tabungan Pensiunan Nasional Syariah Tbk.
14. CPIN Charoen Pokphand Indonesia Tbk
15. CTRA Ciputra Development Tbk.
16. ERAA Erajaya Swasembada Tbk.
17. EXCL XL Axiata Tbk.
18. GGRM Gudang Garam Tbk.
19. HMSP H.M. Sampoerna Tbk.
20. ICBP Indofood CBP Sukses Makmur Tbk.
21. INCO Vale Indonesia Tbk.
22. INDF Indofood Sukses Makmur Tbk.
23. INKP Indah Kiat Pulp & Paper Tbk.
24. INTP Indocement Tunggal Prakarsa Tbk.
25. ITMG Indo Tambangraya Megah Tbk.
26. JPFA Japfa Comfeed Indonesia Tbk.
27. JSMR Jasa Marga (Persero) Tbk.
28. KLBF Kalbe Farma Tbk.
29. LPPF Matahari Department Store Tbk.
30. MNCN Media Nusantara Citra Tbk.
31. PGAS Perusahaan Gas Negara Tbk.
32. PTBA Bukit Asam Tbk.
33. PTPP PP (Persero) Tbk.
34. PWON Pakuwon Jati Tbk.
35. SCMA Surya Citra Media Tbk.
36. SMGR Semen Indonesia (Persero) Tbk.
37. SRIL Sri Rejeki Isman Tbk.
38. TBIG Tower Bersama Infrastructure Tbk.
39. TKIM Pabrik Kertas Tjiwi Kimia Tbk.
40. TLKM Telekomunikasi Indonesia (Persero) Tbk.
41. TOWR Sarana Menara Nusantara Tbk.
42. UNTR United Tractors Tbk.
43. UNVR Unilever Indonesia Tbk.
44. WIKA Wijaya Karya (Persero) Tbk.
45. WSKT Waskita Karya (Persero) Tbk.
ACES
Ace Hardware Indonesia Tbk

IDX Company Fact Sheet
ACES Ace Hardware Indonesia Tbk

Date: 31 Jan 2020 v2.0.0
Company Profile Company History

PT Ace Hardware Indonesia Tbk has a main business field of Trading. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are PRABOWO PT CLSA Indonesia
WIDYA KRISNADI and KUNCORO WIBOWO. The largest shareholder of the 03 Feb 1995 06 Nov 2007 820
company is PT KAWAN LAMA SEJAHTERA (59.97%). The percentage of public
shareholding (<5%) is 39.86%. PT Ace Hardware Indonesia Tbk has 2 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT TOYS KINGDOM
INDONESIA. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
For more information click here: Main 29,498,000,000,000 6,579,718,591,043
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ACES
Listed Shares % of All Stocks % of All Stocks
Trading by Investor Types 17,150,000,000 0.43% 0.65%
Total Trading Value* Free Float Shares Rank Rank

(in billion IDR) Year 2019 YTD 2020 40.03% 41 of 677 40 of 677
Domestic 4,768.6 858.2
22% Individual 63.69% 64.11% Industrial Classification
43%
Institution 36.28% 35.88%
Others 0.03% 0.01% Sector Industry
78% Foreign 16,583.0 1,156.0 E Consumer Cyclicals E74 Specialty Retail
57% Individual 0.12% 0.35%
Institution 82.01% 78.22% Sub-Sector Sub-Industry
Others 17.87% 21.43% E7 Retailing E743 Home Improvement Retail
Year 2019 YTD 2020
Total 21,351.6 2,014.1
Fundamental & ESG
Stock Turnover Net Foreign**
(in billion IDR) Sell (in billion IDR) PER PBV ESG Risk Rating*
D F Total Year 2019 YTD 2020
YTD 2020
28.64x 6.58x 18.42 Low
D 220.5 221.5 442.1
109.1 -26.0
F 195.5 369.4 565.0 *Total trading value by Foreign is the sum of
Total 416.1 591.0 1,007.1 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy
trading value by Domestic is the sum of

Year 2019 domestic buy and domestic sell divided by 2.
**Net Foreign is The Total Trading Value of
D 779.4 1,550.3 2,329.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ACES Sector PER Market PER
Domestic Buy".
F 1,659.4 6,686.7 8,346.1 A positive net foreign indicates a net buy by
19.84x 17.20x
Total 2,438.8 8,237.0 10,675.8 foreign investors.
Note: Please see Methodology for more details. ESG = Environmental, Social, & Governance.
*ESG Risk Rating is provided by Sustainalytics. For more information, visit www.sustainalytics.com.
Dividend Payment Corporate Action

5 Recent Releases 5 Recent Releases
Year F/I/ Ratio Cash Per Share Date Year Corp. Ex Cum Ratio RTP DF
BS/SD (in IDR/USD) Ex Record Payment Action Date Price
2019 F - Rp28.25 24-May-19 27-May-19 14-Jun-19 2012 SS 01-Nov-12 7,000 10:1 700 0.100
2018 F - Rp22.81 28-May-18 31-May-18 21-Jun-18 - - - - - - -
2017 F - Rp16.47 05-Jun-17 07-Jun-17 23-Jun-17 - - - - - - -
2015 F - Rp16.00 28-May-15 01-Jun-15 19-Jun-15 - - - - - - -
2013 F - Rp10.00 07-Jun-13 11-Jun-13 25-Jun-13 - - - - - - -
Source: Company's disclosure on IDX website. Source: Company's disclosure on IDX website.
F = Final Cash Dividend; I = Interim Cash Dividend; BS = Bonus Shares; SD = Stock Dividend Note: RTP = Rounded Theoritical Price; DF = Delution Factor.
RI = Right Issues; SS = Stock Splits; RS = Reverse Splits; BS = Bonus Shares.
Industry Peers
No. Code Company Name Market Total Profit/Loss for

Cap Asset Liabilities Equity Revenue the Period
1. ACES Ace Hardware Indonesia Tbk 29,498.00 5,920,170 1,177,676 4,742,494 8,142,717 1,036,611
2. MAPI Mitra Adiperkasa Tbk 15,936.00 13,937,115 6,566,570 7,370,545 21,578,745 1,163,507
3. MAPA Map Aktif Adiperkasa Tbk 12,541.76 4,065,631 1,048,587 3,017,044 7,447,321 693,271
4. TRIO Trikomsel Oke Tbk 11,079.19 136,433 3,836,514 -3,700,081 966,725 -107,727
5. SLIS Gaya Abadi Sempurna Tbk 9,640.00 345,998 191,718 154,281 459,996 29,515
Financial Statement Date: Dec 31, 2019 expressed in million IDR.
Source: Company's information submitted to IDX.
PER (x) PBV (x) ROA (%) ROE (%) DAR (x) DER (x)
1. ACES Ace Hardware Indonesia Tbk 28.64 6.58 17.51 21.86 0.20 0.25
2. MAPI Mitra Adiperkasa Tbk 17.07 2.26 8.35 15.79 0.47 0.89
3. MAPA Map Aktif Adiperkasa Tbk 18.09 4.36 17.05 22.98 0.26 0.35
4. TRIO Trikomsel Oke Tbk -106.91 -3.06 -78.96 2.91 28.12 -1.04
5. SLIS Gaya Abadi Sempurna Tbk 327.31 103.83 8.53 19.13 0.55 1.24
Note: The selected peers are based on the proximity of stocks' market capitalization.
Except Trailing PER & PBV (in times), data in this section is in Million IDR. Market Cap, Trailing PER, and PBV are as of Jan 30, 2022. Financial data used are from company's most recent financial statement.
PER, ROA, & ROE are calculated by using the trailing 12 months of profit attributable to owners entity.
© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE


Date: 31 Jan 2020 v2.0.0
Stock Performance & Trading Summary

Price Performance of Last 12 Months
Feb 01, 2019 - Jan 31, 2020 ACES*
-3.10%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Feb 19 Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 -11.44%
*Adjusted Close Price; **Consumer Cyclicals
Trading Summary of Last 12 Months
Price (IDR) Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20
Highest 1,865 1,845 1,860 1,750 1,840 1,890 1,810 1,800 1,880 1,750 1,630 1,720
Lowest 1,705 1,755 1,550 1,600 1,720 1,725 1,685 1,725 1,690 1,580 1,485 1,410
Close 1,755 1,780 1,650 1,735 1,810 1,835 1,725 1,770 1,690 1,580 1,495 1,720
Adj. Close* 1,755 1,780 1,650 1,735 1,810 1,835 1,725 1,770 1,690 1,580 1,495 1,720
Growth (%) 1.42% -7.30% 5.15% 4.32% 1.38% -5.99% 2.61% -4.52% -6.51% -5.38% 15.05%
Shares Traded Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20
Volume (mill.) 317 227 622 463 370 322 330 352 428 1,495 692 658
Value (bill.) 559 407 1,035 770 665 587 577 616 763 2,545 1,072 1,007
Frequency (th.) 60 67 105 63 51 64 86 116 113 144 105 91
Days 19 20 19 21 15 23 22 21 23 21 19 22
Note: Volume in Million Shares, Value in Billion IDR, Frequency in Thousand Times.
Yearly Trading Summary of Last 5 Years Comparison to Peers
Price (IDR) 2015 2016 2017 2018 2019 Industry: Home Improvement Retail
Highest 845 820 1,240 1,615 1,890 No. Code 6M YTD 1Y 3Y 5Y
Lowest 500 735 725 1,125 1,485
Close 825 800 1,155 1,490 1,495 1. ACES -6.3% 15.1% 1.2% 130.9% 132.4%
Adj. Close* 825 800 1,155 1,490 1,495 2. MAPI 1.6% -9.0% -4.5% 73.8% 63.4%
Growth (%) -3.03% 44.38% 29.00% 0.34% 3. MAPA -20.0% -17.0% 2.3% n.a. n.a.
4. TRIO 0.0% 0.0% 63.8% -78.7% -73.2%
Shares Traded 2015 2016 2017 2018 2019 5. SLIS n.a. 12.4% n.a. n.a. n.a.
Volume 5,697 3,248 4,763 3,832 6,253
Value 3,993 2,848 4,930 5,179 10,676 Note:
Frequency 210 201 308 352 1,037 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Industry peer companies are in the same industry, selected based on the proximity of stocks' market capitalization;
Days 244 246 238 239 245 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership
No. Index Code No. Index Code

1. BISNIS-27 11. Investor33 21.
2. COMPOSITE 12. ISSI 22.
3. IDX30 13. JII70 23.
4. IDX80 14. KOMPAS100 24.
5. IDXCYCLIC 15. LQ45 25.
6. IDXESGL 16. MBX 26.
7. IDXG30 17. MNC36 27.
8. IDXQ30 18. PEFINDO25 28.
9. IDXSMC-COM 19. TRADE 29.
10. IDXSMC-LIQ 20. 30.


Date: 31 Jan 2020 v2.0.0
Financial Data & Ratios

Book End: December (Expressed in millions IDR, unless otherwise stated)
Balance Sheets Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
Cash & Cash Equivalents 621,846 703,935 902,228 798,522 1,255,018
Trade receivables 16,146 28,143 89,837 36,643 89,139 Total Asset & Liabilities (Bill. Rp)
Inventories 1,522,348 1,590,127 1,849,189 2,519,908 2,652,703 Asset Liabilities
7
Current Assets 2,467,395 2,822,070 3,358,272 4,096,280 4,584,329
Investment Properties - - 346,147 357,391 345,016 6
Fixed Asset 457,127 588,765 359,229 443,895 502,038
5
- - - - - -
Total Assets 3,267,550 3,731,102 4,428,841 5,321,181 5,920,170 4
Trade Payable 127,367 107,522 168,710 197,936 177,558
3
Curr. Maturities - Bank Loans 556 - - - -
- - - - - - 2
- - - - - -
Current Liabilities 412,289 388,653 478,209 631,055 567,618 1
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Total Liabilities 638,724 682,374 918,419 1,085,710 1,177,676
Total Equity (Bill. Rp)
Common Stocks 171,500 171,500 171,500 171,500 171,500 4,742
Paid up Capital (Shares) 17,150 17,150 17,150 17,150 17,150 4,235
Par Value 10 10 10 10 10
Retained earnings 2,142,269 2,567,845 3,025,975 3,668,709 4,169,724 3,510
Total Equity 2,628,826 3,048,728 3,510,422 4,235,471 4,742,494 3,049

2,629
Income Statements Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
Revenues 4,742,526 4,935,903 5,938,576 7,239,754 8,142,717
Gross Profit 2,253,717 2,351,757 2,834,716 3,443,158 3,887,090
Operating Profit/Loss 688,352 729,918 869,284 1,072,420 1,162,575
Finance Costs -32,316 -14,579 -5,001 -17,600 -20,775
EBT 736,612 863,128 959,980 1,202,709 1,280,008
Tax -151,738 -156,977 -179,294 -226,436 -243,398
2015 2016 2017 2018 2019
Profit/Loss for the period 584,873 706,150 780,687 976,273 1,036,611
Profit/Loss Period Attributable 588,325 710,580 777,727 964,554 1,030,106
Comprehensive Income 591,827 682,765 741,795 1,044,485 990,585 Total Revenue (Bill. Rp)
Comprehensive Attributable 595,064 688,439 739,256 1,032,077 984,577
8,143
Cash Flow Statements Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 7,240
Net Cash - Operating 648,831 491,972 690,356 280,550 1,159,516
Net Cash - Investing -123,586 -127,422 -187,331 -183,917 -158,078 5,939
Net Cash - Financing -293,932 -281,284 -302,259 -198,588 -547,512 4,743 4,936
Net Increase/Decrease in C&CE 231,313 83,266 200,766 -101,955 453,927

C&CE, end of period 621,846 703,935 902,228 798,522 1,255,018
Ratios Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
Current Ratio (%) 5.98 7.26 7.02 6.49 8.08
DAR (x) 0.20 0.18 0.21 0.20 0.20
DER (x) 0.24 0.22 0.26 0.26 0.25
EPS (IDR) n.a. n.a. n.a. 55.31 57.98 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 26.94 25.79

BV (IDR) 153 178 205 247 277 Profit/Loss for the Period (Bill. Rp)
PBV (x) 5.38 4.50 5.64 6.03 5.41
ROA (%) 17.90 18.93 17.63 18.35 17.51
ROE (%) 22.25 23.16 22.24 23.05 21.86 1,037
976
GPM (%) 47.52 47.65 47.73 47.56 47.74
OPM (%) 14.51 14.79 14.64 14.81 14.28 781
706
NPM (%) 12.33 14.31 13.15 13.48 12.73
585
DPS (IDR) 16.00 0.00 16.47 22.81 28.25
DPR (%) n.a. n.a. n.a. 41.24 48.72
Dividend Yield (%) 1.94 0.00 1.43 1.53 1.89
Miscellaneous Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
No. of Listed Shares, million 17,150 17,150 17,150 17,150 17,150
Market Capitalization, billion IDR 14,149 14,320 19,808 25,554 25,639
2015 2016 2017 2018 2019
USD Rate (BI-JISDOR), IDR* 13,794 13,436 13,548 14,542 13,945
*If the company's reported financial data is in USD then the financial data is converted to IDR by multiplying with the corresponding USD Rate.

ADRO
Adaro Energy Indonesia Tbk

ADRO Adaro Energy Indonesia Tbk

Date: 31 Jan 2020 v2.0.0

PT Adaro Energy Indonesia Tbk has a main business field of Coal mining. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Garibaldi Thohir PT Danatama
and Edwin Soeryadjaya. The largest shareholder of the company is Public (<5%) 28 Jul 2004 16 Jul 2008 1,100 Makmur
(49.91%).
Stock Overview
Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ADRO

Domestic 29,950.3 3,051.0
Individual 64.83% 65.82% Industrial Classification
75% 79% Others 0.06% 0.03% Sector Industry
Foreign 10,085.2 802.5 A Energy A12 Coal
Individual 1.40% 1.02%
25% 21% Institution 80.99% 79.02% Sub-Sector Sub-Industry
Others 17.61% 19.96% A1 Oil, Gas & Coal A121 Coal Production
Year 2019 YTD 2020
Total 40,035.5 3,853.5
Fundamental & ESG
YTD 2020
6.95x 0.61x 39.21 High
D 1,209.4 349.4 1,558.7
-939.2 -66.5
Total 1,492.2 434.5 1,926.8 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 11,633.4 3,811.3 15,444.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ADRO Sector PER Market PER
Domestic Buy".
7.92x 17.20x

2019 F - Rp56.16 10-May-19 13-May-19 24-May-19 - - - - - - -
2019 I - Rp33.99 28-Dec-18 02-Jan-19 15-Jan-19 - - - - - - -
2018 F - Rp65.39 02-May-18 04-May-18 18-May-18 - - - - - - -
2018 I - $0.00 29-Dec-17 03-Jan-18 12-Jan-18 - - - - - - -
2017 F - $0.00 05-May-17 09-May-17 26-May-17 - - - - - - -
Industry Peers

1. ADRO Adaro Energy Indonesia Tbk 39,182.80 100,642,529 45,094,086 55,548,443 48,210,013 6,066,103
2. BYAN Bayan Resources Tbk 50,666.67 17,822,270 9,189,197 8,633,073 19,405,720 3,266,076
3. PTBA Bukit Asam Tbk 25,460.66 26,098,052 7,675,226 18,422,826 21,787,564 4,040,394
4. GEMS Golden Energy Mines Tbk 15,000.00 10,886,111 5,890,077 4,996,033 15,443,587 931,050
5. DSSA Dian Swastatika Sentosa Tbk 11,847.24 51,861,079 29,017,654 22,843,426 23,238,162 999,221
1. ADRO Adaro Energy Indonesia Tbk 6.95 0.61 6.03 10.92 0.45 0.81
2. BYAN Bayan Resources Tbk 16.26 5.95 18.33 37.83 0.52 1.06
3. PTBA Bukit Asam Tbk 6.28 1.47 15.48 21.93 0.29 0.42
4. GEMS Golden Energy Mines Tbk 16.45 3.13 8.55 18.64 0.54 1.18
5. DSSA Dian Swastatika Sentosa Tbk 16.92 0.51 1.93 4.37 0.56 1.27


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 ADRO*
-10.91%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Energy
Highest 1,415 1,455 1,340 1,345 1,385 1,440 1,225 1,470 1,370 1,425 1,655 1,565
Lowest 1,220 1,310 1,260 1,160 1,225 1,230 1,020 1,155 1,250 1,230 1,315 1,225
Close 1,310 1,345 1,305 1,295 1,360 1,270 1,125 1,290 1,310 1,230 1,555 1,225
Adj. Close* 1,310 1,345 1,305 1,295 1,360 1,270 1,125 1,290 1,310 1,230 1,555 1,225
Growth (%) 2.67% -2.97% -0.77% 5.02% -6.62% -11.42% 14.67% 1.55% -6.11% 26.42% -21.22%
Volume (mill.) 1,401 1,353 928 964 773 899 1,525 1,729 836 950 1,619 1,332
Value (bill.) 1,868 1,894 1,203 1,224 1,007 1,209 1,677 2,341 1,100 1,274 2,453 1,927
Frequency (th.) 127 105 93 85 78 102 129 137 85 94 127 142
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Coal Production
Highest 1,040 525 1,930 2,560 1,655 No. Code 6M YTD 1Y 3Y 5Y
Lowest 463 437 1,480 1,215 1,020
Close 515 525 1,860 1,215 1,555 1. ADRO -3.5% -21.2% -11.9% -27.7% 22.5%
Adj. Close* 515 525 1,860 1,215 1,555 2. BYAN -10.1% -4.4% -20.0% 141.3% 114.1%
Growth (%) 1.94% 254.29% -34.68% 27.98% 3. PTBA -19.3% -16.9% -48.7% -4.7% -2.9%
4. GEMS 0.0% 0.0% 0.0% -10.8% 31.1%
Shares Traded 2015 2016 2017 2018 2019 5. DSSA -9.3% 10.8% 1.2% 92.8% 19.2%
Volume 11,977 15,197 8,996 17,724 14,956
Value 9,198 15,784 15,733 33,061 20,018 Note:
Frequency 647 916 863 1,412 1,332 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. JII 21.
2. COMPOSITE 12. JII70 22.
3. IDX30 13. KOMPAS100 23.
4. IDX80 14. LQ45 24.
5. IDXENERGY 15. MBX 25.
6. IDXHIDIV20 16. MINING 26.
7. IDXSMC-COM 17. MNC36 27.
9. IDXV30 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash & Cash Equivalents 9,689,623 14,469,873 16,350,377 13,493,464 21,979,983
Trade receivables 2,699,403 4,040,057 4,263,799 5,393,541 4,327,468 Total Asset & Liabilities (Bill. Rp)
Inventories 1,004,079 986,431 1,157,893 1,628,777 1,687,763 Asset Liabilities
120
Current Assets 15,070,207 21,399,719 26,813,687 23,271,475 29,422,890
- - - - - -
100
Fixed Asset 20,237,329 20,747,697 20,410,780 23,408,272 24,019,049
- - - - - - 80
Total Assets 82,193,328 87,633,045 92,318,064 102,677,499 100,642,529
Trade Payable 2,709,404 2,791,920 3,782,100 4,969,961 4,678,840 60
Curr. Maturities - Bank Loans 1,290,760 1,650,613 2,725,316 2,656,402 7,057,007

- - - - - - 40
- - - - - -
20
Current Liabilities 6,269,001 8,660,241 10,476,695 11,872,714 17,188,621
Long-term Bank Loans 19,083,737 16,676,736 14,778,565 15,596,688 7,692,090 -
Long-term Bonds Payable - - - - 10,235,825 2015 2016 2017 2018 2019
- - - - - -
Total Liabilities 35,941,453 36,765,935 36,884,701 40,107,752 45,094,086
Common Stocks 4,730,514 4,607,742 4,646,151 4,987,033 4,782,298
Par Value 100 100 100 100 100 55,433 55,548

50,867
Retained earnings 19,132,402 21,868,555 26,645,136 31,429,290 31,914,485
46,252
Total Equity 46,251,875 50,867,111 55,433,363 62,569,747 55,548,443
Revenues 37,029,662 33,915,675 44,143,895 52,638,419 48,210,013
Gross Profit 7,494,280 9,207,368 15,465,069 17,598,830 13,451,221
Operating Profit/Loss 5,659,540 7,176,181 12,976,965 14,777,711 10,207,824
Finance Costs -838,151 -671,881 -717,963 -946,452 -925,056
EBT 3,861,948 7,343,043 12,593,286 11,938,953 9,191,191
Tax -1,779,012 -2,765,586 -5,325,624 -4,994,552 -3,125,088
2015 2016 2017 2018 2019
Profit/Loss for the period 2,082,935 4,577,457 7,267,662 6,944,401 6,066,103
Profit/Loss Period Attributable 2,102,757 4,495,968 6,547,708 6,074,484 5,636,430
Comprehensive Income 2,433,220 5,129,462 7,019,639 6,814,541 5,403,799 Total Revenue (Bill. Rp)
Comprehensive Attributable 2,467,512 5,031,916 6,303,790 5,974,581 4,945,706
52,638
Net Cash - Operating 7,056,928 9,076,327 11,565,657 13,173,743 12,791,511 44,144
Net Cash - Investing -1,633,886 -3,068,567 -5,871,473 -11,534,075 -7,509,438 37,030

Net Cash - Financing -5,832,283 -980,747 -3,910,779 -5,502,707 3,671,719 33,916
Net Increase/Decrease in C&CE -409,240 5,027,012 1,783,405 -3,863,039 8,953,792

C&CE, end of period 9,689,623 14,469,873 16,350,377 13,493,464 21,979,983
Current Ratio (%) 2.40 2.47 2.56 1.96 1.71
DAR (x) 0.44 0.42 0.40 0.39 0.45
DER (x) 0.78 0.72 0.67 0.64 0.81
EPS (IDR) n.a. n.a. n.a. 193.55 223.87 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 6.28 6.95

BV (IDR) 1,446 1,590 1,733 1,956 1,737 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.36 0.33 1.07 0.62 0.90
ROA (%) 2.53 5.22 7.87 6.76 6.03 7,268
6,944
ROE (%) 4.50 9.00 13.11 11.10 10.92
GPM (%) 20.24 27.15 35.03 33.43 27.90 6,066
OPM (%) 15.28 21.16 29.40 28.07 21.17

4,577
NPM (%) 5.63 13.50 16.46 13.19 12.58
DPS (IDR) 0.00 0.00 0.01 65.39 90.15
DPR (%) n.a. n.a. n.a. 33.79 40.27
Dividend Yield (%) 0.00 0.00 0.00 5.38 5.80 2,083
2015 2016 2017 2018 2019

AKRA
AKR Corporindo Tbk

AKRA AKR Corporindo Tbk

Date: 31 Jan 2020 v2.0.0

PT AKR Corporindo Tbk has a main business field of Trade and distribution of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
fuel and basic chemicals. The company's President Director and President PT Lippo Securities
Commisioner are Haryanto Adikoesoemo and Soegiarto Adikoesoemo. The 28 Nov 1977 03 Oct 1994 4,000
largest shareholder of the company is PT Arthakencana Rayatama (59.60%).
The percentage of public shareholding (<5%) is 38.72%. PT AKR Corporindo Stock Overview
Tbk has 9 subsidiaries. One of the biggest subsidiaries is PT. USAHA ERA
PRATAMA NUSANTARA DAN ENTITAS ANAK. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=AKRA

Domestic 13,698.5 1,983.4
78% Others 0.04% 0.08% Sector Industry
90%
Foreign 3,834.7 213.0 A Energy A11 Oil & Gas
22% Institution 79.77% 74.48% Sub-Sector Sub-Industry
10%
Others 19.71% 22.64% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2019 YTD 2020
Total 17,533.2 2,196.4
Fundamental & ESG
YTD 2020
18.53x 1.35x 27.58 Medium
D 902.0 145.7 1,047.7
-792.4 -111.9
Buy

D 5,659.4 1,586.0 7,245.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- AKRA Sector PER Market PER
Domestic Buy".
F 793.6 727.5 1,521.1 A positive net foreign indicates a net buy by
7.92x 17.20x

2019 I - Rp60.00 06-Aug-19 07-Aug-19 16-Aug-19 2010 RI 29-Jan-10 1,250 5:1 1,190 0.948
2019 F - Rp120.00 10-May-19 13-May-19 17-May-19 2007 SS 26-Jul-07 5,500 5:1 1,100 0.200
2018 I - Rp120.00 12-Jul-18 16-Jul-18 03-Aug-18 2004 RI 01-Oct-04 1,700 1:2 900 0.529
2018 F - Rp100.00 14-May-18 16-May-18 25-May-18 1996 SS 30-Sep-96 2,450 2:1 1,230 0.500
2017 I - Rp100.00 02-Aug-17 04-Aug-17 15-Aug-17 1996 BS 27-Feb-96 5,850 10:6 3,675 0.625
Industry Peers

1. AKRA AKR Corporindo Tbk 13,288.64 21,409,046 11,342,185 10,066,861 21,702,638 703,077
2. PGAS Perusahaan Gas Negara Tbk 41,331.77 102,826,430 57,724,104 45,102,326 53,670,368 1,575,523
3. HITS Humpuss Intermoda Transportasi 4,083.12 2,842,657 1,964,998 877,659 1,202,862 183,268
4. INPS Indah Prakasa Sentosa Tbk 2,600.00 478,788 337,880 140,908 404,550 -3,885
5. SHIP Sillo Maritime Perdana Tbk 2,039.84 3,344,346 1,750,116 1,594,230 1,263,932 272,304
1. AKRA AKR Corporindo Tbk 18.53 1.35 3.28 6.98 0.53 1.13
2. PGAS Perusahaan Gas Negara Tbk 43.86 0.89 1.53 3.49 0.56 1.28
3. HITS Humpuss Intermoda Transportasi 27.11 4.72 6.45 20.88 0.69 2.24
4. INPS Indah Prakasa Sentosa Tbk -662.32 18.98 -0.81 -2.76 0.71 2.40
5. SHIP Sillo Maritime Perdana Tbk 146220.90 1.31 8.14 17.08 0.52 1.10


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 AKRA*
-38.99%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 5,775 5,550 4,890 4,290 4,510 4,410 4,270 4,270 4,330 3,900 3,980 3,900
Lowest 5,350 4,500 4,450 3,820 4,000 3,880 3,750 3,690 3,760 3,250 3,630 3,310
Close 5,550 4,720 4,450 3,980 4,090 4,000 4,270 3,800 3,960 3,400 3,950 3,310
Adj. Close* 5,550 4,720 4,450 3,980 4,090 4,000 4,270 3,800 3,960 3,400 3,950 3,310
Growth (%) -14.95% -5.72% -10.56% 2.76% -2.20% 6.75% -11.01% 4.21% -14.14% 16.18% -16.20%
Volume (mill.) 181 160 98 151 139 192 144 133 152 253 235 311
Value (bill.) 1,004 802 464 613 586 802 571 528 617 903 895 1,098
Frequency (th.) 37 49 33 39 40 60 40 28 37 50 35 42
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Oil & Gas Storage & Distribution
Highest 7,200 7,625 7,025 6,450 5,775 No. Code 6M YTD 1Y 3Y 5Y
Lowest 4,455 6,800 5,825 3,260 3,250
Close 7,175 7,350 6,350 4,290 3,950 1. AKRA -17.3% -16.2% -37.0% -50.4% -29.5%
Adj. Close* 7,175 7,350 6,350 4,290 3,950 2. PGAS -16.8% -21.4% -33.7% -40.8% -66.2%
Growth (%) 2.44% -13.61% -32.44% -7.93% 3. HITS -8.0% -20.7% -11.5% -26.8% -17.9%
4. INPS 31.1% -1.2% 96.1% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. SHIP -3.8% -2.0% -9.1% 51.2% n.a.
Volume 2,316 1,705 1,689 2,578 2,048
Value 12,745 11,522 11,148 11,540 8,767 Note:
Frequency 481 545 379 537 502 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. JII 21.
3. I-GRADE 13. KOMPAS100 23.
4. IDX80 14. LQ45 24.
6. IDXESGL 16. MNC36 26.
7. IDXSMC-COM 17. SMinfra18 27.
8. IDXSMC-LIQ 18. TRADE 28.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

25
Current Assets 7,285,599 7,391,379 8,816,349 11,268,598 10,777,639
- - - - - -
Fixed Asset 4,469,498 4,561,738 4,214,694 4,921,528 5,325,172 20
- - - - - -
Total Assets 15,203,130 15,830,741 16,823,209 19,940,851 21,409,046 15
Trade Payable 3,433,701 3,184,496 3,777,447 4,996,896 5,835,094

Curr. Maturities - Bank Loans 310,287 761,800 683,551 240,130 300,596 10
Curr. Maturities - Bonds Payable - 620,908 - 874,516 158,137
- - - - - - 5
Long-term Bank Loans 1,417,985 949,716 357,041 813,634 1,634,299 -
Long-term Bonds Payable 1,492,593 873,829 1,860,834 989,435 835,194 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 394,903 399,178 400,633 401,469 401,469
Paid up Capital (Shares) 3,940 3,992 4,006 4,015 4,015
9,927 10,067
Par Value 100 100 100 100 100 9,030
Total Equity 7,286,175 8,074,320 9,029,649 9,926,831 10,066,861 7,286
Revenues 19,764,821 15,212,591 18,287,936 23,548,144 21,702,638
Gross Profit 2,215,994 1,874,934 1,867,281 1,554,566 1,892,122
Operating Profit/Loss 1,444,566 1,189,003 1,112,726 915,448 1,094,039
Finance Costs -115,830 -63,962 -23,257 -86,484 -109,792
EBT 1,327,031 1,118,547 1,126,409 868,081 865,380
Tax -268,290 -71,695 -125,094 -204,740 -165,884
2015 2016 2017 2018 2019
Profit/Loss for the period 3,151,112 1,046,852 1,304,601 1,596,653 703,077
Profit/Loss Period Attributable 1,033,630 1,010,786 1,201,667 1,644,834 717,205
Comprehensive Income 1,084,776 901,038 1,340,604 1,613,028 656,278 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,046,610 878,161 1,234,585 1,644,418 687,807 23,548
21,703
Cash Flow Statements Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019
19,765
Net Cash - Operating 981,427 651,623 682,225 -448,864 687,980 18,288
Net Cash - Investing -280,212 -689,046 833,453 385,814 -779,297 15,213
Net Cash - Financing -156,579 80,674 -1,111,421 350,754 -128,832
Net Increase/Decrease in C&CE 544,637 43,251 404,257 287,703 -220,150
C&CE, end of period 1,289,809 1,366,943 1,771,229 2,171,084 1,860,781
Current Ratio (%) 1.50 1.27 1.62 1.40 1.24
DAR (x) 0.52 0.49 0.46 0.50 0.53
DER (x) 1.09 0.96 0.86 1.01 1.13
EPS (IDR) n.a. n.a. n.a. 361.03 235.30 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 11.88 16.79

PBV (x) 3.89 3.63 2.82 1.73 1.58
ROA (%) 20.73 6.61 7.75 8.01 3.28
3,151
ROE (%) 43.25 12.97 14.45 16.08 6.98
GPM (%) 11.21 12.32 10.21 6.60 8.72
OPM (%) 7.31 7.82 6.08 3.89 5.04
NPM (%) 15.94 6.88 7.13 6.78 3.24
DPS (IDR) 180.00 90.00 150.00 220.00 180.00 1,597
DPR (%) n.a. n.a. n.a. 60.94 76.50 1,305

1,047
Dividend Yield (%) 2.51 1.22 2.36 5.13 4.56
703
2015 2016 2017 2018 2019

ANTM
Aneka Tambang Tbk

ANTM Aneka Tambang Tbk

Date: 31 Jan 2020 v2.0.0

PT Aneka Tambang Tbk has a main business field of Metal and mineral mining. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Nicolas D. Danarkesa Sekuritas
Kanter and F.X. Sutijastoto. The largest shareholder of the company is PT 05 Jul 1968 27 Nov 1997 1,400
INDONESIA ASAHAN ALUMINIUM (PERSERO) (65.00%). The percentage of
public shareholding (<5%) is 35.00%. PT Aneka Tambang Tbk has 19 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Indonesia Chemical Alumina.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ANTM

Domestic 44,265.9 2,917.4
Foreign 3,589.2 206.9 B Basic Materials B14 Metals & Minerals
7% 7%
Others 13.24% 18.50% B1 Basic Materials B146 Diversified Metals & Minerals
Year 2019 YTD 2020
Total 47,855.1 3,124.3
Fundamental & ESG
YTD 2020
89.25x 0.87x 45.76 Severe
D 1,361.4 104.1 1,465.5
92.3 -13.5
Buy

D 20,502.9 1,583.9 22,086.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ANTM Sector PER Market PER
Domestic Buy".
F 1,676.2 164.6 1,840.8 A positive net foreign indicates a net buy by
18.00x 17.20x

2019 F - Rp12.74 06-May-19 07-May-19 24-May-19 2015 RI 16-Oct-15 505 310:471 424 0.840
2018 I - Rp1.99 20-Apr-18 24-Apr-18 16-May-18 2007 SS 12-Jul-07 13,250 5:1 2,650 0.200
2014 F - Rp9.67 30-Apr-14 05-May-14 20-May-14 2002 BS 11-Jul-02 1,100 100:55 710 0.645
2013 F - Rp47.09 30-May-13 03-Jun-13 18-Jun-13 - - - - - - -
2012 F - Rp90.99 28-Jun-12 02-Jul-12 16-Jul-12 - - - - - - -
Industry Peers

1. ANTM Aneka Tambang Tbk 17,302.15 30,194,908 12,061,489 18,133,419 32,718,543 193,852
2. INCO Vale Indonesia Tbk 31,398.83 30,995,384 3,918,475 27,076,909 10,905,157 800,443
3. ZINC Kapuas Prima Coal Tbk 8,989.00 1,429,301 648,343 780,958 885,111 178,832
4. TINS Timah Tbk 5,287.90 20,361,278 15,102,873 5,258,405 19,302,627 -611,284
5. BRMS Bumi Resources Minerals Tbk 3,116.12 9,942,873 2,686,958 7,255,915 62,202 17,637
1. ANTM Aneka Tambang Tbk 89.25 0.87 0.64 1.07 0.40 0.67
2. INCO Vale Indonesia Tbk 39.23 1.18 2.58 2.96 0.13 0.14
3. ZINC Kapuas Prima Coal Tbk 50.33 12.21 12.51 22.90 0.45 0.83
4. TINS Timah Tbk -8.65 0.87 -3.00 -11.62 0.74 2.87
5. BRMS Bumi Resources Minerals Tbk 173.93 0.42 0.18 0.24 0.27 0.37


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 ANTM*
-25.00%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Feb 19 Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 1.57%
*Adjusted Close Price; **Basic Materials
Highest 1,095 1,055 940 820 845 960 1,120 1,170 1,015 855 865 905
Lowest 950 880 855 670 765 810 860 975 890 750 775 720
Close 1,015 885 865 725 845 935 1,070 975 890 750 840 720
Adj. Close* 1,015 885 865 725 845 935 1,070 975 890 750 840 720
Growth (%) -12.81% -2.26% -16.18% 16.55% 10.65% 14.44% -8.88% -8.72% -15.73% 12.00% -14.29%
Volume (mill.) 3,786 1,848 998 1,331 1,357 2,398 4,306 2,286 2,002 1,310 1,121 1,876
Value (bill.) 3,901 1,813 899 989 1,096 2,153 4,390 2,494 1,910 1,083 930 1,562
Frequency (th.) 179 117 67 91 93 130 181 134 138 111 88 148
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Diversified Metals & Minerals
Highest 1,115 329 920 995 1,170 No. Code 6M YTD 1Y 3Y 5Y
Lowest 287 294 605 595 670
Close 314 329 625 765 840 1. ANTM -23.0% -14.3% -25.4% -10.0% -32.4%
Adj. Close* 314 329 625 765 840 2. INCO 4.3% -13.2% -17.9% 33.3% -8.4%
Growth (%) 4.78% 89.97% 22.40% 9.80% 3. ZINC -34.7% -9.6% 6.3% n.a. n.a.
4. TINS -31.4% -13.9% -44.7% -26.8% -39.6%
Shares Traded 2015 2016 2017 2018 2019 5. BRMS 0.0% -3.8% -3.8% -63.8% -79.5%
Volume 12,009 35,906 12,161 21,038 25,382
Value 5,387 24,492 9,060 17,479 23,928 Note:
Index Membership

1. COMPOSITE 11. JII 21.
2. I-GRADE 12. JII70 22.
3. IDX30 13. KOMPAS100 23.
4. IDX80 14. LQ45 24.
5. IDXBASIC 15. MBX 25.
6. IDXBUMN20 16. MINING 26.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

Trade receivables 448,012 834,171 971,168 923,896 1,002,335 Total Asset & Liabilities (Bill. Rp)
35
Current Assets 11,252,827 10,630,222 9,001,939 8,498,443 7,665,239
- - - - - - 30
Fixed Asset 12,267,804 12,958,946 14,092,995 20,128,156 18,865,691
25
- - - - - -
Total Assets 30,356,851 29,981,536 30,014,273 33,306,391 30,194,908 20
Trade Payable 724,095 585,726 806,385 1,157,991 739,744
15
Curr. Maturities - Bank Loans 379,707 568,007 486,104 1,121,605 1,585,286
- - - - - - 10
- - - - - -
Current Liabilities 4,339,330 4,352,314 5,552,462 5,511,744 5,293,238 5

Long-term Bonds Payable 2,995,031 2,995,896 2,097,247 2,097,853 2,098,516 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 2,403,076 2,403,076 2,403,076 2,403,076 2,403,076
19,739
Par Value 100 100 100 100 100
Total Equity 18,316,719 18,408,796 18,490,404 19,739,231 18,133,419
18,490
Income Statements Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 18,317
18,409
Revenues 10,531,505 9,106,261 12,653,619 25,241,268 32,718,543 18,133
Gross Profit 195,141 851,795 1,643,892 3,476,436 4,447,156

Operating Profit/Loss -701,439 8,156 600,606 1,852,729 955,615
Finance Costs -246,021 -319,274 -607,686 -554,332 -233,361
EBT -1,668,774 237,292 454,397 1,265,502 687,034
Tax 227,921 -172,485 -317,893 -391,075 -493,182
2015 2016 2017 2018 2019
Profit/Loss for the period -4,322,558 64,806 136,503 874,427 193,852
Profit/Loss Period Attributable -1,440,852 64,810 136,507 874,425 193,851
Comprehensive Income 912,556 92,077 81,608 1,296,605 -8,898 Total Revenue (Bill. Rp)
Comprehensive Attributable 912,557 92,081 81,611 1,296,603 -8,899 32,719
Net Cash - Operating 488,905 1,015,392 1,379,176 1,874,578 1,633,837 25,241
Net Cash - Investing -2,103,885 -1,382,046 -2,890,561 -2,593,809 -885,313
Net Cash - Financing 6,887,376 -26,840 -568,358 -619,760 -1,363,160
Net Increase/Decrease in C&CE 5,272,396 -393,495 -2,079,743 -1,338,991 -614,636
C&CE, end of period 8,086,634 7,623,385 5,550,677 4,299,068 3,636,243 12,654
10,532
9,106
Current Ratio (%) 2.59 2.44 1.62 1.54 1.45
DAR (x) 0.40 0.39 0.38 0.41 0.40
DER (x) 0.66 0.63 0.62 0.69 0.67
EPS (IDR) n.a. n.a. n.a. 45.74 33.48 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 16.73 25.09

PBV (x) 0.41 0.43 0.81 0.93 1.11
ROA (%) -14.24 0.22 0.45 2.63 0.64
ROE (%) -23.60 0.35 0.74 4.43 1.07 874
GPM (%) 1.85 9.35 12.99 13.77 13.59 65 137 194
OPM (%) -6.66 0.09 4.75 7.34 2.92
NPM (%) -41.04 0.71 1.08 3.46 0.59
DPS (IDR) 0.00 0.00 0.00 1.99 12.74
DPR (%) n.a. n.a. n.a. 4.35 38.06
Dividend Yield (%) 0.00 0.00 0.00 0.26 1.52
-4,323
2015 2016 2017 2018 2019

ASII
Astra International Tbk

ASII Astra International Tbk

Date: 31 Jan 2020 v2.0.0

PT Astra International Tbk has a main business field of General trading. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Djony Bunarto PT Danareksa
Tjondro and Prijono Sugiarto. The largest shareholder of the company is Jardine 20 Feb 1957 04 Apr 1990 14,850 Sekuritas
Cycle & Carriage Limited (50.11%). The percentage of public shareholding (<5%)
is 49.89%. PT Astra International Tbk has 33 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT United Tractors Tbk.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ASII

Domestic 54,140.2 4,134.2
37%
49% Institution 64.18% 64.05%
Foreign 93,174.2 4,307.0 C Industrials C31 Multi-sector Holdings
63%
51% Individual 0.11% 0.07%
Others 15.91% 28.66% C3 Multi-sector Holdings C311 Multi-sector Holdings
Year 2019 YTD 2020
Total 147,314.4 8,441.2
Fundamental & ESG
YTD 2020
11.84x 1.42x 28.23 Medium
D 1,079.8 1,027.4 2,107.1
-1,192.9 -80.1
F 947.3 1,166.2 2,113.5 *Total trading value by Foreign is the sum of
Total 2,027.1 2,193.5 4,220.6 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 10,975.6 16,690.9 27,666.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ASII Sector PER Market PER
Domestic Buy".
8.76x 17.20x

2019 I - Rp57.00 07-Oct-19 08-Oct-19 30-Oct-19 2012 SS 05-Jun-12 62,400 10:1 6,250 0.100
2019 F - Rp154.13 07-May-19 08-May-19 24-May-19 2003 RI 10-Jan-03 2,850 13:7 2,225 0.773
2018 I - Rp60.00 05-Oct-18 09-Oct-18 31-Oct-18 1997 SS 01-Sep-97 5,400 2:1 2,700 0.500
2018 F - Rp130.00 04-May-18 08-May-18 25-May-18 1994 BS 29-Jul-94 13,400 1:3 no data 0.250
2017 I - Rp55.00 03-Oct-17 05-Oct-17 27-Oct-17 1993 RI 15-Dec-93 16,500 1:5 no data 0.973
Industry Peers

1. ASII Astra International Tbk 257,070.56 351,958,000 165,195,000 186,763,000 237,166,000 26,621,000
2. BMTR Global Mediacom Tbk 5,213.73 30,154,793 12,783,387 17,371,406 12,936,503 2,317,437
3. BHIT MNC Investama Tbk 4,404.88 57,613,499 28,781,322 28,832,177 15,967,376 2,087,823
4. ABMM ABM Investama Tbk 3,978.32 11,912,220 8,492,994 3,419,226 8,260,948 54,301
5. BNBR Bakrie & Brothers Tbk 1,043.15 14,364,538 12,009,860 2,354,678 3,235,677 863,270
1. ASII Astra International Tbk 11.84 1.42 7.56 14.25 0.47 0.88
2. BMTR Global Mediacom Tbk 3.71 0.31 7.69 13.34 0.42 0.74
3. BHIT MNC Investama Tbk 10.22 0.14 3.62 7.24 0.50 1.00
4. ABMM ABM Investama Tbk 37.75 1.12 0.46 1.59 0.71 2.48
5. BNBR Bakrie & Brothers Tbk 1.22 0.33 6.01 36.66 0.84 5.10


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 ASII*
-24.85%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Industrials
Highest 8,450 7,400 7,850 7,525 7,675 7,525 7,075 6,925 6,975 6,900 6,975 7,200
Lowest 7,150 7,050 7,275 6,700 7,250 7,000 6,325 6,475 6,275 6,350 6,525 6,350
Close 7,150 7,325 7,625 7,450 7,450 7,000 6,675 6,600 6,950 6,500 6,925 6,350
Adj. Close* 7,150 7,325 7,625 7,450 7,450 7,000 6,675 6,600 6,950 6,500 6,925 6,350
Growth (%) 2.45% 4.10% -2.30% 0.00% -6.04% -4.64% -1.12% 5.30% -6.47% 6.54% -8.30%
Volume (mill.) 928 1,145 1,004 816 588 1,033 1,026 556 766 707 611 614
Value (bill.) 7,193 8,267 7,637 5,809 4,388 7,490 6,844 3,679 5,068 4,667 4,140 4,221
Frequency (th.) 135 130 107 123 80 129 151 108 98 96 89 108
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Multi-sector Holdings
Lowest 5,125 5,775 7,900 6,100 6,275
Close 6,000 6,450 8,300 8,225 6,925 1. ASII -9.3% -8.3% -24.9% -20.1% -19.1%
Adj. Close* 6,000 6,450 8,300 8,225 6,925 2. BMTR -12.4% -2.3% -7.6% -43.3% -81.7%
Growth (%) 7.50% 28.68% -0.90% -15.81% 3. BHIT -16.7% 1.6% -16.7% -53.9% -76.9%
4. ABMM -21.7% -5.6% -35.5% -34.3% -50.2%
Shares Traded 2015 2016 2017 2018 2019 5. BNBR 0.0% 0.0% 0.0% -90.0% -90.0%
Volume 10,141 12,076 9,112 9,744 10,206
Value 69,907 88,029 73,478 73,430 73,657 Note:
Frequency 1,011 1,131 885 1,086 1,390 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. LQ45 21.
2. COMPOSITE 12. MANUFACTUR 22.
3. IDX30 13. MBX 23.
4. IDX80 14. MISC-IND 24.
6. IDXHIDIV20 16. SRI-KEHATI 26.
7. IDXINDUST 17. 27.
8. IDXV30 18. 28.
9. Investor33 19. 29.
10. KOMPAS100 20. 30.


Date: 31 Jan 2020 v2.0.0

400
Current Assets 105,161,000 110,403,000 121,293,000 133,609,000 129,058,000
Investment Properties 3,493,000 6,183,000 8,381,000 8,504,000 7,552,000 350
Fixed Asset 41,702,000 43,237,000 48,402,000 57,733,000 62,337,000 300

- - - - - -
250
Total Assets 245,435,000 261,855,000 295,646,000 344,711,000 351,958,000
Trade Payable 20,304,000 22,083,000 29,135,000 41,947,000 29,762,000 200
Curr. Maturities - Bank Loans 16,397,000 14,979,000 13,129,000 15,456,000 17,755,000 150
Curr. Maturities - Bonds Payable 7,357,000 11,264,000 13,952,000 10,235,000 8,300,000
100
- - - - - -
- - - - - -
Common Stocks 2,024,000 2,024,000 2,024,000 2,024,000 2,024,000
186,763
Par Value 50 50 50 50 50 156,329
126,533
Total Equity 126,533,000 139,906,000 156,329,000 174,363,000 186,763,000
Revenues 184,196,000 181,084,000 206,057,000 239,205,000 237,166,000
Gross Profit 36,710,000 36,432,000 42,368,000 50,769,000 50,239,000
Finance Costs -1,370,000 -1,745,000 -2,042,000 -3,105,000 -4,382,000
EBT 19,630,000 22,253,000 29,196,000 34,995,000 34,054,000
Tax -4,017,000 -3,951,000 -6,031,000 -7,623,000 -7,433,000
2015 2016 2017 2018 2019
Cash Flow Statements Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 239,205 237,166
Net Cash - Operating 26,290,000 19,407,000 23,285,000 27,692,000 19,175,000
206,057
Net Cash - Investing -7,541,000 -10,798,000 -14,941,000 -29,731,000 -14,186,000 184,196 181,084
Net Cash - Financing -13,407,000 -5,888,000 -6,184,000 -4,873,000 -5,414,000
Net Increase/Decrease in C&CE 5,342,000 2,721,000 2,160,000 -6,912,000 -425,000
C&CE, end of period 27,072,000 29,356,000 31,574,000 24,941,000 24,324,000
Current Ratio (%) 1.38 1.24 1.23 1.15 1.29
DAR (x) 0.48 0.47 0.47 0.49 0.47
DER (x) 0.94 0.87 0.89 0.98 0.88
EPS (IDR) n.a. n.a. n.a. 537.75 505.59 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 15.30 13.70

PBV (x) 1.92 1.87 2.15 1.91 1.50
ROA (%) 18.62 6.99 7.84 7.94 7.56 45,690
ROE (%) 36.11 13.08 14.82 15.70 14.25
GPM (%) 19.93 20.12 20.56 21.22 21.18
OPM (%) 9.34 9.68 9.86 11.23 11.04
NPM (%) 24.81 10.11 11.24 11.44 11.22 27,372 26,621
DPS (IDR) 216.00 168.00 168.00 190.00 211.13 23,165
DPR (%) n.a. n.a. n.a. 35.33 41.76 18,302
Dividend Yield (%) 3.60 2.60 2.02 2.31 3.05
2015 2016 2017 2018 2019

BBCA
Bank Central Asia Tbk

BBCA Bank Central Asia Tbk

Date: 31 Jan 2020 v2.0.0

PT Bank Central Asia Tbk has a main business field of Banking services. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Jahja Danareksa Sekuritas
Setiaatmadja and Djohan Emir Setijoso. The largest shareholder of the company 10 Aug 1955 31 May 2000 1,400
is PT Dwimuria Investama Andalan (54.94%). The percentage of public
shareholding (<5%) is 45.06%. PT Bank Central Asia Tbk has 9 subsidiaries. Stock Overview
One of the biggest subsidiaries is PT Bank BCA Syariah.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBCA

Domestic 71,522.1 8,706.5
31% Individual 18.34% 21.43% Industrial Classification
35%
Foreign 159,698.4 15,892.0 G Financials G11 Banks
69% 65%
Others 21.23% 17.92% G1 Banks G111 Banks
Year 2019 YTD 2020
Total 231,220.5 24,598.5
Fundamental & ESG
YTD 2020
27.97x 4.76x 26.56 Medium
D 1,156.7 4,031.8 5,188.5
3,895.0 -1,670.6
F 2,361.2 4,749.5 7,110.7 *Total trading value by Foreign is the sum of
Buy

D 11,053.8 22,759.8 33,813.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBCA Sector PER Market PER
Domestic Buy".
19.76x 17.20x

2019 I - Rp100.00 06-Dec-19 09-Dec-19 20-Dec-19 2008 SS 28-Jan-08 3,600 125:62.5 1,800 0.500
2019 F - Rp255.00 24-Apr-19 25-Apr-19 30-Apr-19 2004 SS 08-Jun-04 1,750 2:1 880 0.500
2018 I - Rp85.00 03-Dec-18 04-Dec-18 21-Dec-18 2001 SS 16-May-01 1,725 2:1 870 0.500
2018 F - Rp175.00 13-Apr-18 17-Apr-18 30-Apr-18 - - - - - - -
2017 I - Rp80.00 29-Nov-17 04-Dec-17 20-Dec-17 - - - - - - -
Industry Peers

1. BBCA Bank Central Asia Tbk 790,834.10 918,989,312 740,067,127 174,143,156 63,837,795 28,569,974
2. BBRI Bank Rakyat Indonesia (Persero) 544,621.09 1,416,758,840 1,183,155,672 208,784,334 141,635,795 34,413,825
3. BMRI Bank Mandiri (Persero) Tbk 348,810.00 1,318,246,335 1,025,749,580 209,034,525 120,726,795 28,455,592
4. BBNI Bank Negara Indonesia (Persero) 132,927.62 845,605,208 688,489,442 125,003,948 73,522,724 15,508,583
5. MAYA Bank Mayapada Internasional Tbk 55,465.51 93,408,831 81,066,862 12,341,969 8,950,779 528,114
1. BBCA Bank Central Asia Tbk 27.97 4.76 3.11 16.41 0.81 4.25
2. BBRI Bank Rakyat Indonesia (Persero) 16.00 2.63 2.43 16.48 0.84 5.67
3. BMRI Bank Mandiri (Persero) Tbk 12.82 1.69 2.16 13.61 0.78 4.91
4. BBNI Bank Negara Indonesia (Persero) 8.73 1.07 1.83 12.41 0.81 5.51
5. MAYA Bank Mayapada Internasional Tbk 106.09 4.86 0.57 4.28 0.87 6.57


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BBCA*
15.00%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Financials
Highest 28,175 27,750 28,750 29,100 29,975 31,450 31,050 30,500 31,500 31,800 33,775 34,375
Lowest 26,800 27,200 27,375 25,900 28,975 29,400 29,400 29,675 30,200 31,250 31,700 32,400
Close 27,575 27,750 28,750 29,100 29,975 30,950 30,500 30,350 31,450 31,400 33,425 32,400
Adj. Close* 27,575 27,750 28,750 29,100 29,975 30,950 30,500 30,350 31,450 31,400 33,425 32,400
Growth (%) 0.63% 3.60% 1.22% 3.01% 3.25% -1.45% -0.49% 3.62% -0.16% 6.45% -3.07%
Volume (mill.) 370 266 292 400 282 275 355 317 307 310 334 363
Value (bill.) 10,178 7,324 8,133 11,192 8,300 8,403 10,696 9,511 9,444 9,744 10,830 12,299
Frequency (th.) 121 96 117 193 134 144 157 117 131 120 121 167
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Banks

Lowest 11,300 12,750 14,950 20,600 25,900
Close 13,300 13,100 21,900 26,000 33,425 1. BBCA 4.7% -3.1% 15.0% 111.8% 142.2%
Adj. Close* 13,300 13,100 21,900 26,000 33,425 2. BBRI -0.4% 1.4% 15.8% 90.2% 95.8%
Growth (%) -1.50% 67.18% 18.72% 28.56% 3. BMRI -5.3% -1.6% 1.3% 38.5% 37.3%
4. BBNI -15.0% -8.3% -20.7% 26.3% 15.2%
Shares Traded 2015 2016 2017 2018 2019 5. MAYA 23.4% -9.9% 25.2% 227.7% 1309.0%
Volume 4,568 17,791 7,238 4,806 3,951
Value 61,044 263,860 130,261 112,750 115,610 Note:
Frequency 881 981 1,073 1,414 1,599 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. IDXQ30 21.
2. COMPOSITE 12. INFOBANK15 22.
3. FINANCE 13. Investor33 23.
5. IDX30 15. LQ45 25.
6. IDX80 16. MBX 26.
8. IDXFINANCE 18. SRI-KEHATI 28.
9. IDXG30 19. 29.
10. IDXHIDIV20 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash on Hand 17,849,460 15,943,854 16,754,289 21,691,443 25,421,406
Current accounts (BI & Banks) 46,213,501 53,062,883 52,566,324 52,046,247 58,426,361 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) - - 18,969,682 31,682,811 30,948,274 Asset Liabilities
1,000
Consumer Fin. Receivables 7,407,519 8,207,469 8,506,983 7,613,709 10,532,424
900
Loans 378,616,292 403,391,221 454,264,956 524,530,462 572,033,999
Marketable Securities 1,531,741 5,067,046 5,890,927 4,801,868 3,974,550 800
Fixed Asset 9,712,021 16,990,835 16,868,949 19,336,901 20,852,301 700
Total Assets 594,372,770 676,738,753 750,319,671 824,787,944 918,989,312 600
Deposits 477,822,268 535,034,567 586,873,856 636,306,508 705,697,542 500
Fund Borrowings 1,743,337 2,788,552 3,040,602 2,093,475 2,332,870 400

Bonds 2,404,394 2,212,380 610,499 239,735 1,347,523 300
- - - - - - 200
MTN 416,571 119,791 - - - 100
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 1,540,938 1,540,938 1,540,938 1,540,938 1,540,938
Par Value 63 63 63 63 63 151,753
131,402
Total equity 89,624,940 112,715,059 131,401,694 151,753,427 174,143,156
112,715
Interest Income 47,081,728 50,425,826 53,767,939 56,766,800 63,837,795
Interest Expenses -11,212,932 -10,346,736 -11,941,465 -11,476,255 -13,360,347
Profit from Operation 22,657,114 25,839,200 29,158,743 32,706,064 36,288,998
EBT 22,657,114 25,839,200 29,158,743 32,706,064 36,288,998
Tax -4,621,346 -5,206,919 -5,837,593 -6,854,404 -7,719,024
- - - - - -
2015 2016 2017 2018 2019
Profit for the period 54,090,189 20,632,281 23,321,150 25,851,660 28,569,974
63,838
53,768
47,082
Net Cash - Investing 18,935,842 -60,596,377 -20,620,020 20,627,654 -34,732,414
Net Increase/Decrease in C&CE 43,640,713 -18,590,952 -17,617,091 18,242,567 9,874,730
C&CE, end of period 118,661,241 100,319,853 83,377,439 103,311,560 113,067,545
Current Ratio (%) n.a. n.a. n.a. n.a. n.a.
DAR (x) 0.84 0.83 0.82 0.81 0.81
DER (x) 5.60 4.97 4.68 4.40 4.25
EPS (IDR) n.a. n.a. n.a. 1,013.03 1,146.53 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 25.67 29.15

PBV (x) 3.62 2.84 4.07 4.18 4.68
ROA (%) 9.10 3.05 3.11 3.13 3.11
54,090
ROE (%) 60.35 18.30 17.75 17.04 16.41
GPM (%) -23.82 -20.52 -22.21 -20.22 -20.93
OPM (%) n.a. n.a. n.a. n.a. n.a.
NPM (%) 114.89 40.92 43.37 45.54 44.75
28,570
DPS (IDR) 203.00 175.00 280.00 260.00 355.00 25,852
23,321
DPR (%) n.a. n.a. n.a. 25.67 30.96 20,632
Dividend Yield (%) 1.53 1.34 1.28 1.00 1.06
2015 2016 2017 2018 2019

BBNI
Bank Negara Indonesia (Persero) Tbk

BBNI Bank Negara Indonesia (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Bank Negara Indonesia (Persero) Tbk has a main business field of Banking & Established Listing Date IPO Price (IDR) IPO Lead Underwriter
other supporting business activities. The company's President Director and PT Bahana
President Commisioner are Royke Tumilaar and Agus Dermawan Wintarto 05 Jul 1946 25 Nov 1996 850 Securities
Martowardojo. The largest shareholder of the company is Republic of Indonesia
(60.00%). The percentage of public shareholding (<5%) is 39.87%. PT Bank Stock Overview
Negara Indonesia (Persero) Tbk has 4 subsidiaries. One of the biggest
subsidiaries is PT. BNI Life Insurance. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBNI

Domestic 50,629.2 3,677.2
50% 55% Institution 62.20% 43.01%
50% 45% Individual 0.19% 0.23%
Year 2019 YTD 2020
Total 101,172.8 6,702.3
Fundamental & ESG
YTD 2020
8.73x 1.07x 28.85 Medium
D 1,068.7 985.5 2,054.2
-4,796.2 -431.1
F 554.3 742.6 1,296.9 *Total trading value by Foreign is the sum of
Buy

D 13,032.7 14,680.1 27,712.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBNI Sector PER Market PER
Domestic Buy".
19.76x 17.20x

2019 F - Rp201.29 22-May-19 23-May-19 14-Jun-19 2010 RI 03-Dec-10 4,125 500000:110473 3,950 0.955
2018 F - Rp255.56 28-Mar-18 02-Apr-18 20-Apr-18 2007 RI 07-Aug-07 2,275 20:3 2,250 0.986
2017 F - Rp212.81 24-Mar-17 29-Mar-17 19-Apr-17 2003 RS 23-Dec-03 90 1:15 1,350 15.000
2016 F - Rp122.53 18-Mar-16 22-Mar-16 13-Apr-16 1999 RI 05-Jul-99 400 1:35 350 0.873
2015 I - Rp144.55 25-Mar-15 27-Mar-15 17-Apr-15 - - - - - - -
Industry Peers

5. MEGA Bank Mega Tbk 43,433.07 100,803,831 85,262,393 15,541,438 9,376,415 2,002,733
5. MEGA Bank Mega Tbk 21.91 2.93 1.99 12.89 0.85 5.49


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BBNI*
-22.16%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 9,250 9,600 9,850 9,425 9,200 9,375 8,250 8,000 7,900 7,725 7,950 7,850
Lowest 8,650 8,600 9,400 8,100 8,450 8,350 7,500 7,350 6,675 7,300 7,425 7,200
Close 8,800 9,400 9,600 8,400 9,200 8,475 7,700 7,350 7,675 7,500 7,850 7,200
Adj. Close* 8,800 9,400 9,600 8,400 9,200 8,475 7,700 7,350 7,675 7,500 7,850 7,200
Growth (%) 6.82% 2.13% -12.50% 9.52% -7.88% -9.14% -4.55% 4.42% -2.28% 4.67% -8.28%
Volume (mill.) 416 394 414 699 384 550 510 427 671 493 483 441
Value (bill.) 3,716 3,579 4,007 5,943 3,367 4,885 4,003 3,258 4,896 3,717 3,709 3,351
Frequency (th.) 74 73 65 135 81 103 108 84 112 90 76 104
Days 19 20 19 21 15 23 22 21 23 21 19 22

Lowest 3,940 4,850 5,450 6,725 6,675
Close 4,990 4,910 9,900 8,800 7,850 1. BBNI -15.0% -8.3% -20.7% 26.3% 15.2%
Adj. Close* 4,990 4,910 9,900 8,800 7,850 2. BBRI -0.4% 1.4% 15.8% 90.2% 95.8%
Growth (%) -1.60% 101.63% -11.11% -10.80% 3. BMRI -5.3% -1.6% 1.3% 38.5% 37.3%
4. MAYA 23.4% -9.9% 25.2% 227.7% 1309.0%
Shares Traded 2015 2016 2017 2018 2019 5. MEGA 8.6% -0.8% 30.4% 147.1% 219.8%
Volume 7,999 8,141 5,999 6,323 6,052
Value 44,471 42,166 41,711 51,701 50,586 Note:
Frequency 1,105 951 748 1,070 1,084 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. IDXQ30 21.
2. COMPOSITE 12. IDXV30 22.
3. FINANCE 13. INFOBANK15 23.
4. I-GRADE 14. Investor33 24.
5. IDX30 15. KOMPAS100 25.
6. IDX80 16. LQ45 26.
7. IDXBUMN20 17. MBX 27.
9. IDXFINANCE 19. SMinfra18 29.
10. IDXHIDIV20 20. SRI-KEHATI 30.


Date: 31 Jan 2020 v2.0.0

Cash on Hand 12,890,427 11,167,643 11,577,664 14,043,846 15,361,703
900
- - - - - -
Loans 314,066,531 376,594,527 426,789,981 497,886,888 539,862,076 800
Marketable Securities 9,927,494 23,764,750 36,049,899 32,044,270 27,161,751 700

Fixed Asset 20,756,594 21,972,223 22,804,689 26,126,508 26,524,759 600
Total Assets 508,595,288 603,031,880 709,330,084 808,572,011 845,605,208
500
Deposits 358,184,938 425,188,266 504,430,731 566,046,697 594,124,901
400
Fund Borrowings 22,523,581 32,965,422 44,722,165 52,024,506 57,235,500
Bonds 6,870,667 6,731,115 2,986,279 2,987,464 2,985,052 300
Sukuk 496,000 496,000 496,000 - - 200
- - - - - - 100
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 9,054,807 9,054,807 9,054,807 9,054,807 9,054,807
- - - - - - 110,374
100,903
89,254
Total equity 78,438,222 89,254,000 100,903,304 110,373,789 125,003,948
78,438
Interest Income 36,895,081 43,768,439 48,177,849 50,571,284 54,495,996
EBT 11,466,148 14,302,905 17,165,387 19,820,715 19,369,106
Tax -2,325,616 -2,892,709 -3,394,795 -4,728,952 -3,860,523
- - - - - -
2015 2016 2017 2018 2019
54,496
48,178
Net Cash - Operating 24,356,628 15,422,131 33,625,853 -4,274,095 -12,611,042 43,768
Net Cash - Investing -3,516,469 -29,400,164 -23,274,271 -9,611,702 13,483,654 36,895
Net Cash - Financing 9,249,530 8,637,223 3,245,370 20,609,112 -18,491,108
Net Increase/Decrease in C&CE 30,089,689 -5,340,810 13,596,952 6,723,315 -17,618,496
C&CE, end of period 83,607,533 78,284,151 91,977,278 98,922,032 81,184,598
DAR (x) 0.81 0.82 0.82 0.83 0.81
DER (x) 5.26 5.52 5.79 6.08 5.51
EPS (IDR) n.a. n.a. n.a. 798.84 833.84 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 11.02 9.41

PBV (x) 1.17 1.02 1.81 1.47 1.16
ROA (%) 5.39 1.89 1.94 1.87 1.83 27,422
ROE (%) 34.96 12.78 13.65 13.67 12.41
GPM (%) -30.72 -31.47 -33.71 -34.97 -38.42
NPM (%) 74.32 26.07 28.58 29.84 28.46 15,509
15,092
DPS (IDR) 144.55 122.53 212.81 255.56 201.29 13,771
11,410
DPR (%) n.a. n.a. n.a. 31.99 24.14
Dividend Yield (%) 2.90 2.50 2.15 2.90 2.56
2015 2016 2017 2018 2019

BBRI
Bank Rakyat Indonesia (Persero) Tbk

BBRI Bank Rakyat Indonesia (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Bank Rakyat Indonesia (Persero) Tbk has a main business field of Banking Established Listing Date IPO Price (IDR) IPO Lead Underwriter
services. The company's President Director and President Commisioner are PT Bahana
Sunarso and Kartika Wirjoatmodjo. The largest shareholder of the company is 16 Dec 1895 10 Nov 2003 875 Securities
Republic of Indonesia (53.19%). The percentage of public shareholding (<5%) is
46.81%. PT Bank Rakyat Indonesia (Persero) Tbk has 8 subsidiaries. One of the Stock Overview
biggest subsidiaries is PT Bank BRISyariah.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBRI

Domestic 98,524.9 9,960.0
38% 39%
62% 61%
Year 2019 YTD 2020
Total 260,029.1 25,349.5
Fundamental & ESG
YTD 2020
16.00x 2.63x 27.68 Medium
D 1,451.5 2,236.8 3,688.3
2,406.7 2,583.4
Buy

D 19,037.7 29,021.4 48,059.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBRI Sector PER Market PER
Domestic Buy".
19.76x 17.20x

2019 F - Rp132.17 24-May-19 27-May-19 13-Jun-19 2017 SS 10-Nov-17 16,450 5:1 3,290 0.200
2018 F - Rp106.75 02-Apr-18 04-Apr-18 25-Apr-18 2011 SS 11-Jan-11 9,300 2:1 4,650 0.500
2017 F - Rp428.61 23-Mar-17 27-Mar-17 13-Apr-17 - - - - - - -
2016 F - Rp311.66 01-Apr-16 05-Apr-16 22-Apr-16 - - - - - - -
2015 I - Rp294.80 27-Mar-15 31-Mar-15 22-Apr-15 - - - - - - -
Industry Peers



Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BBRI*
13.78%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 3,960 4,120 4,460 4,380 4,380 4,550 4,450 4,310 4,300 4,300 4,450 4,740
Lowest 3,770 3,800 4,140 3,750 4,200 4,390 4,050 4,080 3,810 3,940 4,130 4,370
Close 3,850 4,120 4,370 4,100 4,360 4,480 4,270 4,120 4,210 4,090 4,400 4,460
Adj. Close* 3,850 4,120 4,370 4,100 4,360 4,480 4,270 4,120 4,210 4,090 4,400 4,460
Growth (%) 7.01% 6.07% -6.18% 6.34% 2.75% -4.69% -3.51% 2.18% -2.85% 7.58% 1.36%
Volume (mill.) 2,215 2,420 2,576 3,751 2,028 2,165 2,711 2,197 2,962 2,940 2,088 2,784
Value (bill.) 8,586 9,569 11,149 14,948 8,660 9,648 11,473 9,204 11,966 12,037 8,989 12,675
Frequency (th.) 140 135 152 289 161 166 263 181 251 279 165 191
Days 19 20 19 21 15 23 22 21 23 21 19 22

Lowest 8,300 10,825 3,210 2,720 3,610
Close 11,425 11,225 3,640 3,660 4,400 1. BBRI -0.4% 1.4% 15.8% 90.2% 91.0%
Adj. Close* 2,285 2,245 728 3,660 4,400 2. BBCA 4.7% -3.1% 15.0% 111.8% 1111.2%
Growth (%) -1.75% -67.57% 402.75% 20.22% 3. BMRI -5.3% -1.6% 1.3% 38.5% 37.3%
4. BBNI -15.0% -8.3% -20.7% 26.3% 15.2%
Volume 8,366 7,679 8,404 35,723 31,731
Value 92,492 86,255 78,363 118,184 130,015 Note:
Frequency 1,264 1,248 1,032 2,218 2,372 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. IDXQ30 21.
5. IDX30 15. LQ45 25.
6. IDX80 16. MBX 26.
7. IDXBUMN20 17. MNC36 27.
8. IDXFINANCE 18. SMinfra18 28.
9. IDXG30 19. SRI-KEHATI 29.
10. IDXHIDIV20 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash on Hand 28,771,635 25,212,024 24,797,782 27,421,625 30,219,214
Current accounts (BI & Banks) 70,453,890 66,658,661 64,081,163 - 81,654,186 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) - - 55,105,687 - 116,854,727 Asset Liabilities
1,600
- - - - - -
Loans 557,539,739 632,086,091 700,548,650 804,673,435 852,661,815 1,400
Marketable Securities 124,873,547 131,482,566 186,918,678 193,680,605 195,840,172 1,200

Fixed Asset 8,039,280 24,515,059 24,746,306 26,914,859 31,432,629
1,000
Total Assets 878,426,312 1,003,644,426 1,126,248,442 1,296,898,292 1,416,758,840
Deposits 665,191,359 740,092,946 827,477,762 846,200,528 1,014,347,654 800
Fund Borrowings 35,480,358 35,008,170 29,403,009 34,878,883 30,921,771 600

Bonds 9,847,610 22,516,964 30,619,658 - 38,622,326
400
- - - - - -
MTN 673,493 2,283,817 - - - 200
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Total Liabilities 750,330,040 840,168,870 939,128,893 986,548,641 1,183,155,672
Common Stocks 6,167,291 6,167,291 6,167,291 6,167,291 6,167,291
208,784
Par Value 250 250 50 100 50
Retained earnings 106,733,021 125,309,471 143,827,697 145,665,302 181,327,431 167,347 166,680
Total equity 113,127,179 146,812,590 167,347,494 166,679,645 208,784,334 146,813
Interest Income 85,434,037 94,787,989 100,080,250 53,643,800 121,756,276
Interest Expenses -27,154,270 -27,211,975 -28,652,214 15,399,302 -40,048,971
EBT 32,494,018 33,973,770 37,022,157 18,483,570 43,364,053
Tax -7,083,230 -7,745,779 -7,977,823 3,549,434 -8,950,228
- - - - - -
2015 2016 2017 2018 2019
Comprehensive Income - 41,380,007 30,877,015 10,847,249 39,498,595 Total Revenue (Bill. Rp)
121,756
Net Cash - Operating 45,544,908 21,770,833 39,299,109 -11,105,718 44,583,079 100,080
94,788
Net Cash - Financing 1,804,324 7,081,628 -10,847,132 -12,676,533 -18,085,105
Net Increase/Decrease in C&CE -9,355,298 25,528,079 -2,544,019 -32,693,370 21,309,532
53,644
C&CE, end of period 163,388,757 188,954,879 186,410,433 153,717,063 236,906,429
DAR (x) 0.85 0.84 0.83 0.76 0.84
DER (x) 6.63 5.72 5.61 5.92 5.67
EPS (IDR) n.a. n.a. n.a. 259.07 272.93 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 14.13 16.12

PBV (x) 2.47 1.87 2.66 2.68 2.57
ROA (%) 8.68 2.61 2.58 1.15 2.43
ROE (%) 67.37 17.86 17.36 8.96 16.48 76,219
GPM (%) -31.78 -28.71 -28.63 28.71 -32.89

NPM (%) 89.21 27.67 29.02 27.84 28.26
DPS (IDR) 294.80 311.66 428.61 106.75 132.17
34,414
DPR (%) n.a. n.a. n.a. 41.20 48.43 29,044
26,228
Dividend Yield (%) 2.58 2.78 11.77 2.92 3.00
14,934
2015 2016 2017 2018 2019

BBTN
Bank Tabungan Negara (Persero) Tbk

BBTN Bank Tabungan Negara (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Bank Tabungan Negara (Persero) Tbk has a main business field of Banking Established Listing Date IPO Price (IDR) IPO Lead Underwriter
business. The company's President Director and President Commisioner are PT Mandiri Sekuritas
Haru Koesmahargyo and Chandra M. Hamzah. The largest shareholder of the 30 Nov 1934 17 Dec 2009 800
company is Republic of Indonesia (60.00%). The percentage of public
shareholding (<5%) is 40.00%. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BBTN

Domestic 23,005.1 941.5
66%
Foreign 7,089.6 489.0 G Financials G11 Banks
34%
Year 2019 YTD 2020
Total 30,094.7 1,430.5
Fundamental & ESG
YTD 2020
94.63x 0.82x 26.63 Medium
D 295.0 104.5 399.5
-2,096.3 142.5
Total 542.0 173.2 715.2 foreign buy and foreign sell divided by 2. Total 0x 5x 10x 15x 20x 25x 30x 35x 40x 45x 50x 55x
Buy

D 8,834.6 3,716.1 12,550.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BBTN Sector PER Market PER
Domestic Buy".
19.76x 17.20x

2019 F - Rp53.03 28-May-19 29-May-19 12-Jun-19 2012 RI 14-Nov-12 1,680 555000:94943 1,610 0.961
2018 F - Rp57.18 03-Apr-18 05-Apr-18 24-Apr-18 - - - - - - -
2017 F - Rp49.46 27-Mar-17 30-Mar-17 13-Mar-17 - - - - - - -
2016 F - Rp34.96 20-Apr-16 22-Apr-16 12-May-16 - - - - - - -
2015 I - Rp21.11 01-Apr-15 06-Apr-15 24-Apr-15 - - - - - - -
Industry Peers

1. BBTN Bank Tabungan Negara (Persero) 19,605.27 311,776,828 269,451,682 23,836,195 23,271,432 209,263
2. BTPN Bank BTPN Tbk 23,471.71 181,631,385 142,608,793 31,471,928 19,738,005 2,992,418
3. BNGA Bank CIMB Niaga Tbk 22,267.86 274,467,227 231,173,061 43,294,166 23,896,166 3,642,935
4. NISP Bank OCBC NISP Tbk 19,081.25 180,706,987 153,042,184 27,664,803 14,422,945 2,939,243
5. BNII Bank Maybank Indonesia Tbk 15,071.49 169,082,830 142,397,914 26,684,916 15,891,184 1,924,180
1. BBTN Bank Tabungan Negara (Persero) 94.63 0.82 0.07 0.88 0.86 11.30
2. BTPN Bank BTPN Tbk 9.22 0.76 1.65 9.51 0.79 4.53
3. BNGA Bank CIMB Niaga Tbk 6.17 0.53 1.33 8.41 0.84 5.34
4. NISP Bank OCBC NISP Tbk 6.56 0.72 1.63 10.62 0.85 5.53
5. BNII Bank Maybank Indonesia Tbk 8.26 0.59 1.14 7.21 0.84 5.34


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BBTN*
-32.97%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 2,790 2,520 2,630 2,490 2,740 2,520 2,400 2,270 2,010 2,160 2,220 2,160
Lowest 2,430 2,260 2,330 2,240 2,450 2,390 2,000 1,960 1,795 1,810 2,100 1,870
Close 2,430 2,440 2,530 2,470 2,460 2,460 2,000 1,960 1,860 2,130 2,120 1,870
Adj. Close* 2,430 2,440 2,530 2,470 2,460 2,460 2,000 1,960 1,860 2,130 2,120 1,870
Growth (%) 0.41% 3.69% -2.37% -0.40% 0.00% -18.70% -2.00% -5.10% 14.52% -0.47% -11.79%
Volume (mill.) 554 598 644 399 501 501 476 601 610 598 335 344
Value (bill.) 1,447 1,439 1,604 952 1,298 1,227 1,053 1,279 1,169 1,197 726 715
Frequency (th.) 80 78 73 53 66 68 73 75 90 90 54 55
Days 19 20 19 21 15 23 22 21 23 21 19 22

Lowest 945 1,295 1,700 2,050 1,795
Close 1,295 1,365 3,570 2,540 2,120 1. BBTN -24.0% -11.8% -31.8% -1.8% 87.9%
Adj. Close* 1,295 1,365 3,570 2,540 2,120 2. BTPN -12.1% -10.5% -23.2% 12.8% -27.3%
Growth (%) 5.41% 161.54% -28.85% -16.54% 3. BNGA -16.7% -7.3% -19.0% -8.7% 7.2%
4. NISP -4.0% -0.6% -10.6% -7.2% 26.8%
Shares Traded 2015 2016 2017 2018 2019 5. BNII -22.5% -2.9% -18.7% -42.9% -0.9%
Volume 8,010 5,709 5,770 7,437 6,432
Value 8,900 9,809 15,446 20,436 15,047 Note:
Index Membership

1. COMPOSITE 11. Investor33 21.
2. FINANCE 12. KOMPAS100 22.
3. I-GRADE 13. LQ45 23.
4. IDX30 14. MBX 24.
5. IDX80 15. SRI-KEHATI 25.
6. IDXBUMN20 16. 26.
7. IDXESGL 17. 27.
8. IDXFINANCE 18. 28.
9. IDXSMC-COM 19. 29.


Date: 31 Jan 2020 v2.0.0

Cash on Hand 1,181,219 1,006,682 1,027,554 1,243,615 1,369,167
350
- - - - - -
Loans 133,440,128 158,524,726 192,181,113 230,320,201 246,202,402 300
Marketable Securities 1,807,561 4,171,700 7,706,031 5,848,485 8,084,671
250
Fixed Asset 1,553,401 4,659,379 4,837,319 5,017,694 5,400,658
Total Assets 171,807,592 214,168,479 261,365,267 306,436,194 311,776,828 200
Deposits 120,518,625 151,431,506 182,154,854 214,027,067 211,414,930
150
Fund Borrowings 7,726,728 4,999,616 7,991,053 15,499,493 22,465,657
Bonds 10,936,594 12,935,415 17,932,020 17,036,480 19,783,552 100
- - - - - -
- - - - - - 50
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 5,291,173 5,295,000 5,295,000 5,295,000 5,295,000
Par Value 500 500 500 500 500 23,840 23,836
21,663
19,131
Total equity 13,860,107 19,130,536 21,663,434 23,840,448 23,836,195
Interest Income 14,455,136 16,501,472 18,446,734 20,781,512 23,271,432
Profit from Operation 2,533,605 3,352,232 3,891,903 3,593,800 521,773
EBT 2,541,886 3,330,084 3,861,555 3,610,275 411,062
Tax -690,979 -711,179 -834,089 -802,352 -201,799
- - - - - -
2015 2016 2017 2018 2019
Profit for the period 1,850,907 2,618,905 3,027,466 2,807,923 209,263
Profit/Loss Period Attributable - - 3,027,466 2,807,923 209,263
Comprehensive Income 1,811,337 5,631,617 3,056,679 2,782,507 557,332 Total Revenue (Bill. Rp)
Comprehensive Attributable - - 3,056,679 2,782,507 557,332
23,271
Net Cash - Operating 1,707,579 9,783,925 321,044 -2,410,430 -14,828,361 18,447
Net Cash - Investing 2,643,735 -1,974,142 832,608 1,689,493 -7,077,106 16,501

14,455
Net Cash - Financing 2,826,668 1,588,435 8,075,789 6,598,304 8,440,369
Net Increase/Decrease in C&CE 7,177,982 9,398,218 9,229,441 5,877,367 -13,465,098
C&CE, end of period 20,209,980 29,608,198 38,837,639 44,715,006 31,249,908
DAR (x) 0.87 0.85 0.86 0.86 0.86
DER (x) 10.75 9.56 10.34 11.06 11.30
EPS (IDR) n.a. n.a. n.a. 228.33 209.02 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 11.12 10.14

PBV (x) 0.98 0.75 1.73 1.12 0.93
ROA (%) 1.08 1.22 1.16 0.92 0.07
3,027
ROE (%) 13.35 13.69 13.98 11.78 0.88
2,808
GPM (%) -55.85 -53.76 -53.15 -56.63 -65.92 2,619

NPM (%) 12.80 15.87 16.41 13.51 0.90 1,851
DPS (IDR) 21.11 34.96 49.46 57.18 53.03
DPR (%) n.a. n.a. n.a. 25.04 25.37
Dividend Yield (%) 1.63 2.56 1.39 2.25 2.50
209
2015 2016 2017 2018 2019

BMRI
Bank Mandiri (Persero) Tbk

BMRI Bank Mandiri (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Bank Mandiri (Persero) Tbk has a main business field of Financial services - Established Listing Date IPO Price (IDR) IPO Lead Underwriter
banking. The company's President Director and President Commisioner are PT Danareksa
Darmawan Junaidi and Muhamad Chatib Basri. The largest shareholder of the 02 Oct 1998 14 Jul 2003 675 Sekuritas
shareholding (<5%) is 47.92%. PT Bank Mandiri (Persero) Tbk has 10 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Bank Syariah Mandiri (BSM).
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BMRI

Domestic 83,027.5 7,340.8
42% 44% Institution 68.22% 73.97%
58% 56% Individual 0.13% 0.03%
Year 2019 YTD 2020
Total 196,026.9 16,567.9
Fundamental & ESG
YTD 2020
12.82x 1.69x 30.17 High
D 1,522.8 1,971.3 3,494.1
-1,747.6 352.5
Buy

D 18,408.3 23,979.3 42,387.6 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BMRI Sector PER Market PER
Domestic Buy".
19.76x 17.20x

2019 F - Rp241.22 27-May-19 28-May-19 19-Jun-19 2017 SS 13-Sep-17 13,200 2:1 6,600 0.500
2018 F - Rp199.03 29-Mar-18 03-Apr-18 20-Apr-18 2011 RI 07-Feb-11 6,000 8985:1000 5,900 0.983
2017 F - Rp266.27 22-Mar-17 24-Mar-17 13-Apr-17 - - - - - - -
2016 F - Rp261.45 30-Mar-16 01-Apr-16 22-Apr-16 - - - - - - -
2015 I - Rp212.91 24-Mar-15 26-Mar-15 17-Apr-15 - - - - - - -
Industry Peers



Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BMRI*
-0.66%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 7,625 7,500 7,800 7,725 8,025 8,150 7,775 7,200 7,225 7,200 7,800 7,925
Lowest 7,100 6,700 7,325 7,075 7,800 7,700 7,025 6,900 6,350 6,775 7,075 7,500
Close 7,125 7,450 7,725 7,675 8,025 7,975 7,250 6,975 7,025 6,975 7,675 7,550
Adj. Close* 7,125 7,450 7,725 7,675 8,025 7,975 7,250 6,975 7,025 6,975 7,675 7,550
Growth (%) 4.56% 3.69% -0.65% 4.56% -0.62% -9.09% -3.79% 0.72% -0.71% 10.04% -1.63%
Volume (mill.) 1,262 1,080 1,141 1,277 808 1,211 1,048 737 1,278 791 1,073 1,076
Value (bill.) 9,237 7,682 8,697 9,559 6,389 9,566 7,683 5,180 8,631 5,515 7,983 8,284
Frequency (th.) 144 128 108 136 71 117 126 105 130 119 93 123
Days 19 20 19 21 15 23 22 21 23 21 19 22

Lowest 7,525 9,100 7,100 6,200 6,350
Close 9,250 9,600 8,000 7,375 7,675 1. BMRI -5.3% -1.6% 1.3% 38.5% 37.3%
Adj. Close* 4,625 4,800 4,000 7,375 7,675 2. BBCA 4.7% -3.1% 15.0% 111.8% 1111.2%
Growth (%) 3.78% -16.67% 84.38% 4.07% 3. BBRI -0.4% 1.4% 15.8% 90.2% 95.8%
4. BBNI -15.0% -8.3% -20.7% 26.3% 15.2%
Volume 7,327 7,674 7,385 12,054 13,287
Value 73,668 78,310 70,529 87,393 98,013 Note:
Frequency 967 1,073 780 1,157 1,436 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BISNIS-27 11. IDXQ30 21.
5. IDX30 15. LQ45 25.
6. IDX80 16. MBX 26.
7. IDXBUMN20 17. MNC36 27.
8. IDXESGL 18. SMinfra18 28.
9. IDXFINANCE 19. SRI-KEHATI 29.
10. IDXHIDIV20 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash on Hand 25,109,124 22,906,775 24,268,563 27,348,914 28,094,267
1,400
Consumer Fin. Receivables 7,907,449 11,531,838 14,782,332 16,826,865 18,211,088
Loans 564,393,595 616,706,193 678,292,520 767,761,095 855,846,844 1,200
Marketable Securities 43,641,564 56,551,643 59,609,972 63,835,900 71,263,368
1,000
Fixed Asset 9,761,688 35,663,290 36,618,753 38,442,696 44,612,199
Total Assets 910,063,409 1,038,706,009 1,124,700,847 1,202,252,094 1,318,246,335 800
Deposits 634,968,568 711,399,426 757,933,489 782,502,708 863,506,211
600
Fund Borrowings 33,764,671 35,882,757 35,703,679 51,653,982 54,128,562
Bonds 1,820,410 8,230,157 16,401,200 18,647,805 31,804,853 400
Sukuk 500,000 375,000 375,000 375,000 375,000
MTN - 348,802 - - - 200
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Total Liabilities 736,198,705 824,559,898 888,026,817 941,953,100 1,025,749,580
Common Stocks 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667
209,035
Par Value 500 500 500 250 250
184,960
Total equity 119,491,841 153,369,723 170,006,132 184,960,305 209,034,525 153,370
Interest Income 71,570,127 76,709,888 79,501,530 80,992,570 91,525,090

Interest Expenses - -24,884,519 -27,174,371 -26,369,938 -32,084,902
EBT 26,369,430 18,572,965 27,156,863 33,943,369 36,441,440
Tax -5,217,032 -3,922,802 -5,713,821 -8,091,432 -7,985,848
- - - - - -
2015 2016 2017 2018 2019
91,525
76,710
Net Cash - Operating 8,952,036 40,010,990 5,192,544 -19,809,152 11,637,669 71,570
Net Cash - Investing -28,949,323 -6,162,781 -5,247,860 -21,041,189 -16,251,888
Net Cash - Financing 2,027,738 -464,393 462,302 4,997,720 5,458,205
Net Increase/Decrease in C&CE -17,969,549 33,383,816 406,986 -35,852,621 843,986
C&CE, end of period 125,667,407 157,560,107 158,775,796 124,677,686 123,792,750
DAR (x) 0.81 0.79 0.79 0.78 0.78
DER (x) 6.16 5.38 5.22 5.09 4.91
EPS (IDR) n.a. n.a. n.a. 507.05 582.28 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 14.54 13.18

PBV (x) 1.79 1.45 2.17 1.84 1.70
ROA (%) 6.88 1.41 1.91 2.15 2.16
62,640
ROE (%) 52.42 9.55 12.61 13.98 13.61
GPM (%) 0.00 -32.44 -34.18 -32.56 -35.06
NPM (%) 87.52 19.10 26.97 31.92 31.09
DPS (IDR) 212.91 261.45 266.27 199.03 241.22
28,456
DPR (%) n.a. n.a. n.a. 39.25 41.43 25,852
21,443
Dividend Yield (%) 2.30 2.72 3.33 2.70 3.14
14,650
2015 2016 2017 2018 2019

BRPT
Barito Pacific Tbk

BRPT Barito Pacific Tbk

Date: 31 Jan 2020 v2.0.0

PT Barito Pacific Tbk has a main business field of Industry, property, trade, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
renewable energy, forestry, plantation, mining, transportation and holding PT Makindo
company activities. The company's President Director and President 04 Apr 1979 01 Oct 1993 7,200
Commisioner are Agus Salim Pangestu and Prajogo Pangestu. The largest
shareholder of the company is PRAJOGO PANGESTU (141.72%). The Stock Overview
percentage of public shareholding (<5%) is 28.54%. PT Barito Pacific Tbk has 17
subsidiaries. One of the biggest subsidiaries is PT Chandra Asri Petrochemical Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BRPT

Domestic 31,444.1 3,202.9
56% 50% Institution 24.57% 26.26%
Foreign 24,347.8 3,180.1 B Basic Materials B11 Chemicals
44% 50% Individual 0.14% 0.19%
Others 8.67% 3.18% B1 Basic Materials B111 Basic Chemicals
Year 2019 YTD 2020
Total 55,791.8 6,383.0
Fundamental & ESG
YTD 2020
188.77x 2.96x 34.00 High
D 1,267.6 268.1 1,535.8
2,075.0 131.4
F 399.5 1,256.3 1,655.8 *Total trading value by Foreign is the sum of
Buy

D 11,992.8 2,691.7 14,684.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BRPT Sector PER Market PER
Domestic Buy".
18.00x 17.20x

2018 I - Rp14.13 19-Dec-18 18-Dec-18 21-Dec-18 2019 SS 06-Aug-19 3,670 5:1 735 0.200
2018 F - Rp24.43 27-Jun-18 29-Jun-18 18-Jul-18 2018 RI 31-May-18 2,220 63:20 2,220 1.012
1997 F - Rp55.00 24-Jul-97 01-Aug-97 01-Sep-97 2017 SS 12-Jul-17 2,970 2:1 1,485 0.500
1996 F - Rp50.00 19-Jul-96 29-Jul-96 27-Aug-96 2007 RI 26-Nov-07 3,925 3:5 2,800 0.709
1995 F - Rp50.00 27-Jul-95 04-Aug-95 01-Sep-95 - - - - - - -
Industry Peers

1. BRPT Barito Pacific Tbk 116,166.54 100,159,056 61,729,327 38,429,729 33,502,388 1,915,764
2. TPIA Chandra Asri Petrochemical Tbk 156,489.14 48,127,137 23,570,104 24,557,033 26,230,392 329,757
3. ESSA Surya Esa Perkasa Tbk 3,346.20 12,485,132 8,183,983 4,301,149 3,094,560 8,227
4. MOLI Madusari Murni Indah Tbk 2,439.96 1,872,713 691,924 1,180,789 1,122,523 60,911
5. TDPM Tridomain Performance Materials 2,034.10 4,968,405 2,758,747 2,209,658 4,311,171 223,849
1. BRPT Barito Pacific Tbk 188.77 2.96 1.91 4.99 0.62 1.61
2. TPIA Chandra Asri Petrochemical Tbk 490.42 6.21 0.69 1.34 0.49 0.96
3. ESSA Surya Esa Perkasa Tbk 90.96 0.73 0.07 0.19 0.66 1.90
4. MOLI Madusari Murni Indah Tbk 48.66 2.08 3.25 5.16 0.37 0.59
5. TDPM Tridomain Performance Materials 130132.00 0.93 4.51 10.13 0.56 1.25


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BRPT*
154.88%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 3,030 3,590 4,120 4,100 3,550 3,880 3,850 1,085 1,020 1,360 1,510 1,465
Lowest 2,450 2,950 3,540 3,300 3,140 3,260 720 960 875 950 1,375 1,210
Close 3,000 3,590 4,030 3,300 3,210 3,880 905 990 950 1,360 1,510 1,305
Adj. Close* 3,000 3,590 4,030 3,300 3,210 3,880 4,525 4,950 4,750 6,800 7,550 6,525
Growth (%) 19.67% 12.26% -18.11% -2.73% 20.87% 16.62% 9.39% -4.04% 43.16% 11.03% -13.58%
Volume (mill.) 250 429 976 1,305 375 510 1,658 1,916 1,674 1,865 4,838 2,386
Value (bill.) 693 1,421 3,659 4,925 1,236 1,824 1,478 1,944 1,602 2,077 6,512 3,192
Frequency (th.) 46 64 98 120 57 85 124 129 106 129 96 121
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Basic Chemicals
Lowest 118 130 1,500 1,600 720
Close 130 212 2,260 2,390 1,510 1. BRPT 68.2% -13.6% 150.0% 614.5% 4100.7%
Adj. Close* 13 21 229 484 302 2. TPIA 39.8% -15.4% 49.4% 101.6% 1542.0%
Growth (%) 63.08% 966.04% 111.50% -37.57% 3. ESSA -19.9% -12.7% -42.4% 77.7% -0.4%
4. MOLI 3.0% 12.4% -3.2% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. TDPM -26.5% -23.6% -33.1% n.a. n.a.
Volume 237 2,714 8,351 5,197 16,013
Value 38 3,331 17,655 11,116 27,896 Note:
Index Membership
No. Index Code

1. BASIC-IND 11. 21.
2. COMPOSITE 12. 22.
3. I-GRADE 13. 23.
4. IDXBASIC 14. 24.
5. ISSI 15. 25.
6. JII 16. 26.
7. JII70 17. 27.
8. KOMPAS100 18. 28.
9. MANUFACTUR 19. 29.
10. MBX 20. 30.


Date: 31 Jan 2020 v2.0.0

Trade receivables 730,310 1,901,234 2,791,443 3,626,644 3,637,456 Total Asset & Liabilities (Bill. Rp)
120
Current Assets 6,186,154 9,791,794 20,376,964 29,708,942 25,493,315
Investment Properties 139,099 135,301 144,544 164,979 352,111
100
Fixed Asset 21,895,437 21,292,298 23,102,768 34,238,528 36,047,030
- - - - - - 80
Total Assets 31,079,041 34,538,447 49,354,389 102,411,904 100,159,056
Trade Payable 3,195,559 4,647,069 6,543,156 8,281,945 9,627,726 60
Curr. Maturities - Bank Loans 1,064,235 986,337 4,616,711 5,324,481 2,341,728

Curr. Maturities - Bonds Payable - - - 930,833 255,626 40
- - - - - -
20
Long-term Bonds Payable - 491,677 4,817,289 13,315,702 14,135,531 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 11,199,335 10,908,675 10,999,608 13,780,217 13,220,209
Paid up Capital (Shares) 6,980 6,980 13,960 17,792 89,016 39,293 38,430
Par Value 1,000 1,000 500 500 100
Retained earnings -1,698,662 114,999 1,716,193 2,012,831 2,545,590
Total Equity 16,496,369 19,460,272 27,324,948 39,293,095 38,429,729 27,325
Revenues 19,396,281 26,352,121 33,231,171 44,724,808 33,502,388 16,496
Gross Profit 1,918,925 6,549,459 7,311,110 11,712,665 8,080,444
Operating Profit/Loss 891,106 5,485,072 6,029,456 9,629,727 5,931,241
Finance Costs -393,432 -513,282 -808,910 -3,029,811 -2,580,188
EBT 479,162 5,106,258 5,221,453 6,628,374 3,858,149
Tax -409,061 -1,346,919 -1,429,517 -2,874,125 -1,942,385
2015 2016 2017 2018 2019
Profit/Loss for the period 66,335 3,759,339 3,791,936 3,520,124 1,915,764
Profit/Loss Period Attributable -73,867 1,769,575 1,600,236 1,050,310 615,393
Comprehensive Income 2,538 3,709,881 3,797,274 3,674,342 1,754,169 Total Revenue (Bill. Rp)
Comprehensive Attributable -136,947 1,730,597 1,615,816 1,059,806 591,728
44,725
33,231 33,502
Net Cash - Financing 698,156 -1,343,210 8,979,696 -4,035,463 1,901,498 26,352
Net Increase/Decrease in C&CE -1,569,385 2,703,619 7,784,315 -1,536,740 -786,080
19,396
C&CE, end of period 1,450,825 4,116,790 11,935,422 11,641,918 10,377,897
Current Ratio (%) 1.11 1.34 1.72 1.75 1.65
DAR (x) 0.47 0.44 0.45 0.62 0.62
DER (x) 0.88 0.77 0.81 1.61 1.61
EPS (IDR) n.a. n.a. n.a. 76.50 1.98 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 31.24 762.36

BV (IDR) 2,363 2,788 1,957 2,209 432 Profit/Loss for the Period (Bill. Rp)
PBV (x) 0.06 0.08 1.15 1.08 3.50
ROA (%) 0.21 10.88 7.68 3.44 1.91 3,759 3,792
3,520
ROE (%) 0.40 19.32 13.88 8.96 4.99
GPM (%) 9.89 24.85 22.00 26.19 24.12
OPM (%) 4.59 20.81 18.14 21.53 17.70
NPM (%) 0.34 14.27 11.41 7.87 5.72
1,916
DPS (IDR) 0.00 0.00 0.00 38.56 0.00
DPR (%) n.a. n.a. n.a. 50.41 0.00
Dividend Yield (%) 0.00 0.00 0.00 1.61 0.00
No. of Listed Shares, million 6,980 6,980 13,960 17,792 89,016 66
Market Capitalization, billion IDR 907 10,226 31,549 42,522 134,414

2015 2016 2017 2018 2019

BSDE
Bumi Serpong Damai Tbk

BSDE Bumi Serpong Damai Tbk

Date: 31 Jan 2020 v2.0.0

PT Bumi Serpong Damai Tbk has a main business field of Property and real Established Listing Date IPO Price (IDR) IPO Lead Underwriter
estate. The company's President Director and President Commisioner are PT CLSA Indonesia
Franciscus Xaverius RD and Muktar Widjaja. The largest shareholder of the 16 Jan 1984 06 Jun 2008 550
company is Public (<5%) (40.56%).
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BSDE

Domestic 6,666.5 408.4
64%
72%
Foreign 3,799.6 158.6 H Properties & Real Estate H11 Real Estate Management &
Individual 0.42% 1.87% Development
Others 19.20% 20.87% H1 Properties & Real Estate H111 Real Estate Development &
Year 2019 YTD 2020 Management
Total 10,466.0 567.0
Fundamental & ESG
YTD 2020
7.69x 0.65x 22.76 Medium
D 145.3 85.7 231.0
128.2 -53.7
Buy

D 2,236.7 1,032.4 3,269.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BSDE Sector PER Market PER
Domestic Buy".
14.35x 17.20x

2017 F - Rp5.00 12-Jun-17 14-Jun-17 06-Jul-17 2010 RI 26-Nov-10 940 10:6 880 0.928
2016 F - Rp5.00 27-May-16 31-May-16 15-Jun-16 - - - - - - -
2015 F - Rp15.00 15-May-15 19-May-15 05-Jun-15 - - - - - - -
2014 F - Rp15.00 13-Jun-14 17-Jun-14 01-Jul-14 - - - - - - -
2013 F - Rp15.00 24-Jun-13 26-Jun-13 10-Jul-13 - - - - - - -
Industry Peers

1. BSDE Bumi Serpong Damai Tbk 21,460.07 54,444,849 20,897,343 33,547,506 7,084,864 3,130,076
2. POLL Pollux Properties Indonesia Tbk 87,555.62 5,834,505 3,528,845 2,305,660 684,329 182,621
3. PWON Pakuwon Jati Tbk 25,042.99 26,095,153 7,999,510 18,095,643 7,202,001 3,239,796
4. CTRA Ciputra Development Tbk 16,611.47 36,196,024 18,434,456 17,761,568 7,608,237 1,283,281
5. LPKR Lippo Karawaci Tbk 16,306.54 55,079,585 20,703,246 34,376,339 12,177,173 -2,061,418
1. BSDE Bumi Serpong Damai Tbk 7.69 0.65 5.75 9.33 0.38 0.62
2. POLL Pollux Properties Indonesia Tbk 1278.06 39.53 3.13 7.92 0.60 1.53
3. PWON Pakuwon Jati Tbk 9.21 1.44 12.42 17.90 0.31 0.44
4. CTRA Ciputra Development Tbk 14.35 0.98 3.55 7.23 0.51 1.04
5. LPKR Lippo Karawaci Tbk -8.22 0.46 -3.74 -6.00 0.38 0.60


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BSDE*
-19.49%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Properties & Real Estate
Highest 1,430 1,485 1,475 1,390 1,545 1,545 1,425 1,415 1,475 1,425 1,285 1,290
Lowest 1,300 1,320 1,390 1,150 1,350 1,340 1,295 1,320 1,295 1,250 1,220 1,115
Close 1,355 1,405 1,435 1,350 1,535 1,420 1,350 1,390 1,415 1,250 1,255 1,115
Adj. Close* 1,355 1,405 1,435 1,350 1,535 1,420 1,350 1,390 1,415 1,250 1,255 1,115
Growth (%) 3.69% 2.14% -5.92% 13.70% -7.49% -4.93% 2.96% 1.80% -11.66% 0.40% -11.16%
Volume (mill.) 313 359 316 278 297 332 320 369 245 185 233 230
Value (bill.) 422 499 454 354 435 484 435 502 345 253 293 283
Frequency (th.) 49 50 52 54 43 50 48 38 38 35 36 44
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Real Estate Development & Management
Lowest 1,315 1,650 1,560 965 1,150
Close 1,800 1,730 1,700 1,255 1,255 1. BSDE -21.5% -11.2% -16.2% -39.1% -44.8%
Adj. Close* 1,800 1,730 1,700 1,255 1,255 2. POLL 520.9% -5.2% 585.7% n.a. n.a.
Growth (%) -3.89% -1.73% -26.18% 0.00% 3. PWON -29.3% -8.8% -20.0% -7.1% 4.2%
4. CTRA -27.5% -13.9% -8.2% -32.2% -37.8%
Shares Traded 2015 2016 2017 2018 2019 5. LPKR -17.9% -5.0% 3.5% -60.6% -74.5%
Volume 7,020 9,687 4,906 4,995 3,786
Value 13,220 18,663 8,780 7,307 5,233 Note:
Index Membership

1. COMPOSITE 11. LQ45 21.
2. I-GRADE 12. MBX 22.
3. IDX80 13. MNC36 23.
4. IDXESGL 14. PROPERTY 24.
5. IDXPROPERT 15. SRI-KEHATI 25.
8. IDXV30 18. 28.
9. Investor33 19. 29.
10. KOMPAS100 20. 30.


Date: 31 Jan 2020 v2.0.0

60
Current Assets 16,789,560 16,341,456 17,964,524 20,948,678 24,256,713
Investment Properties 3,277,560 4,000,958 7,370,389 8,084,982 8,251,943
50
Fixed Asset 803,253 823,401 771,937 676,536 631,541
- - - - - - 40
Total Assets 36,022,148 38,292,206 45,951,188 52,101,492 54,444,849
Trade Payable 316,601 261,224 1,767,641 1,162,638 695,301 30
Curr. Maturities - Bank Loans 91,628 34,088 8,518 131,250 640,664

Curr. Maturities - Bonds Payable - 478,374 1,748,678 435,554 - 20
- - - - - -
10
Long-term Bank Loans 68,172 34,084 1,328,772 3,247,272 4,291,279 -
- - - - - -
Common Stocks 1,924,670 1,924,670 1,924,670 1,924,670 1,924,670
33,548
Par Value 100 100 100 100 100 30,287
29,197
Total Equity 22,096,690 24,352,907 29,196,851 30,286,898 33,547,506 24,353
22,097
Revenues 6,209,574 6,521,770 10,347,343 6,628,782 7,084,864
Gross Profit 4,638,016 4,681,466 7,590,429 4,754,508 5,066,066
Finance Costs -574,967 -612,614 -549,131 -912,707 -1,043,353
EBT 2,362,082 2,065,443 5,206,069 1,760,421 3,165,098
Tax -10,702 -27,905 -39,349 -58,603 -35,021
2015 2016 2017 2018 2019
10,347
Net Cash - Operating -167,070 -264,246 4,647,445 1,616,680 2,016,998
Net Cash - Investing -626,063 -981,536 -2,998,564 -2,651,717 -1,969,149
7,085
Net Cash - Financing 3,918,233 -1,253,749 595,530 3,362,602 -1,280,445 6,210
6,522 6,629
Net Increase/Decrease in C&CE 3,125,100 -2,499,532 2,244,411 2,327,565 -1,232,595

C&CE, end of period 6,109,240 3,568,916 5,793,029 8,139,324 6,860,253
Current Ratio (%) 2.73 2.94 2.37 3.36 3.94
DAR (x) 0.39 0.36 0.36 0.42 0.38
DER (x) 0.63 0.57 0.57 0.72 0.62
EPS (IDR) n.a. n.a. n.a. 167.16 156.13 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 7.51 8.04

PBV (x) 1.57 1.37 1.12 0.80 0.72
ROA (%) 18.99 5.32 11.24 3.27 5.75
ROE (%) 30.97 8.37 17.70 5.62 9.33 6,842
GPM (%) 74.69 71.78 73.36 71.73 71.51

OPM (%) 41.02 43.48 52.92 36.78 39.42 5,167
NPM (%) 110.19 31.24 49.93 25.67 44.18

DPS (IDR) 15.00 5.00 5.00 0.00 0.00
3,130
DPR (%) n.a. n.a. n.a. 0.00 0.00
Dividend Yield (%) 0.83 0.29 0.29 0.00 0.00 2,038
1,702
2015 2016 2017 2018 2019

BTPS
Bank BTPN Syariah Tbk

BTPS Bank BTPN Syariah Tbk

Date: 31 Jan 2020 v2.0.0

PT Bank BTPN Syariah Tbk has a main business field of Sharia banking. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Hadi Wibowo and PT Ciptadana
Kemal Azis Stamboel. The largest shareholder of the company is PT Bank BTPN 07 Mar 1991 08 May 2018 975 Sekuritas Asia
Tbk (70.00%). The percentage of public shareholding (<5%) is 29.98%.
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=BTPS

Domestic 39,719.8 442.1
36%
72%
Foreign 15,522.4 802.4 G Financials G11 Banks
64%
Year 2019 YTD 2020
Total 55,242.2 1,244.6
Fundamental & ESG
YTD 2020
24.27x 6.86x 39.70 High
D 87.7 123.8 211.5
1,829.8 19.0
Buy

D 15,043.1 3,901.9 18,945.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- BTPS Sector PER Market PER
Domestic Buy".
19.76x 17.20x

- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
- - - - - - - - - - - - - -
Industry Peers

1. BTPS Bank BTPN Syariah Tbk 33,633.58 15,383,038 2,439,054 5,393,320 4,457,352 1,399,634
2. MEGA Bank Mega Tbk 43,433.07 100,803,831 85,262,393 15,541,438 9,376,415 2,002,733
3. BDMN Bank Danamon Indonesia Tbk 33,671.84 193,533,970 148,116,943 45,417,027 23,560,984 4,240,671
4. BNLI Bank Permata Tbk 32,620.72 161,451,259 137,413,908 24,037,351 13,370,642 1,500,420
5. PNBN Bank Pan Indonesia Tbk 27,651.67 211,287,370 166,845,656 44,441,714 17,855,390 3,498,299
1. BTPS Bank BTPN Syariah Tbk 24.27 6.86 9.10 25.95 0.16 0.45
2. MEGA Bank Mega Tbk 21.91 2.93 1.99 12.89 0.85 5.49
3. BDMN Bank Danamon Indonesia Tbk 8.35 0.77 2.19 9.34 0.77 3.26
4. BNLI Bank Permata Tbk 21.96 1.39 0.93 6.24 0.85 5.72
5. PNBN Bank Pan Indonesia Tbk 8.42 0.65 1.66 7.87 0.79 3.75


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 BTPS*
120.50%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 2,080 2,240 2,470 2,850 3,450 3,630 3,520 3,320 4,020 4,100 4,310 5,050
Lowest 1,975 2,070 2,210 2,400 2,770 3,170 3,160 2,900 3,160 3,760 3,900 3,990
Close 2,050 2,210 2,470 2,850 3,450 3,170 3,220 3,300 3,840 3,960 4,250 4,410
Adj. Close* 2,050 2,210 2,470 2,850 3,450 3,170 3,220 3,300 3,840 3,960 4,250 4,410
Growth (%) 7.80% 11.76% 15.38% 21.05% -8.12% 1.58% 2.48% 16.36% 3.13% 7.32% 3.76%
Volume (mill.) 1,039 1,048 1,303 1,552 678 797 776 791 805 286 124 141
Value (bill.) 1,979 2,203 2,962 4,009 2,098 2,697 2,551 2,485 2,968 1,125 510 622
Frequency (th.) 46 55 66 100 89 126 118 92 118 68 48 70
Days 19 20 19 21 15 23 22 21 23 21 19 22

Highest 0 0 0 1,880 4,310 No. Code 6M YTD 1Y 3Y 5Y
Lowest 0 0 0 1,460 1,870
Close - - - 1,795 4,250 1. BTPS 39.1% 3.8% 122.2% n.a. n.a.
Adj. Close* - - - 1,795 4,250 2. MEGA 8.6% -0.8% 30.4% 147.1% 219.8%
Growth (%) - - - 136.77% 3. BDMN -31.4% -11.9% -61.8% -16.3% -20.9%
4. BNLI 24.3% -7.1% 16.3% 80.1% -21.6%
Shares Traded 2015 2016 2017 2018 2019 5. PNBN -19.4% -13.1% -17.7% 40.6% 9.4%
Volume - - - 5,496 10,281
Value - - - 8,134 27,621 Note:
Frequency - - - 195 989 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Days - - - 153 245 *Adjusted price refers to the close price after adjustments for any applicable corporate actions.
Index Membership

1. BISNIS-27 11. ISSI 21.
3. FINANCE 13. JII70 23.
4. IDX30 14. KOMPAS100 24.
5. IDX80 15. LQ45 25.
6. IDXFINANCE 16. MBX 26.
7. IDXQ30 17. MNC36 27.
10. INFOBANK15 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash on Hand - - - 415,583 711,333
Current accounts (BI & Banks) - - - 441,017 496,269 Total Asset & Liabilities (Bill. Rp)
Placements (BI & Banks) - - - 2,517,000 2,650,000 Asset Liabilities
18
- - - - - -
Loans - - - 7,061,214 8,678,617 16
Marketable Securities - - - 1,030,689 2,071,753 14

Fixed Asset - - - 176,801 209,550 12
Total Assets - - - 12,039,275 15,383,038
10
Deposits - - - 1,619,254 1,895,885
8
- - - - - -
- - - - - - 6
- - - - - - 4
- - - - - - 2
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Total Liabilities - - - 2,049,483 2,439,054
Common Stocks - - - 770,370 770,370
5,393
Paid up Capital (Shares) - - - 7,704 7,704
Par Value - - - 100 100
Retained earnings - - - 2,328,287 3,727,921 3,997
Total equity - - - 3,996,932 5,393,320
Revenue as mudharib - - - 3,447,266 4,457,352
Third parties share on return - - - -367,672 -523,587
Profit from Operation - - - 1,302,549 1,881,064
EBT - - - 1,299,019 1,878,249
Tax - - - -333,708 -478,615 - - -
- - - - - -
2015 2016 2017 2018 2019
Profit for the period - - - 965,311 1,399,634
Profit/Loss Period Attributable - - - 965,311 1,399,634
Comprehensive Income - - - 1,003,747 1,408,218 Total Revenue (Bill. Rp)
Comprehensive Attributable - - - 1,003,747 1,408,218
4,457
Net Cash - Operating - - - 676,717 524,453
3,447
Net Cash - Investing - - - -402,683 -1,488,581
Net Cash - Financing - - - 735,021 -9,763
Net Increase/Decrease in C&CE - - - 1,009,055 -973,891
C&CE, end of period - - - 2,953,307 1,979,416
DAR (x) n.a. n.a. n.a. 0.17 0.16 - - -
DER (x) n.a. n.a. n.a. 0.51 0.45
EPS (IDR) n.a. n.a. n.a. 116.77 161.38 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 15.37 26.33

BV (IDR) n.a. n.a. n.a. 524 707 Profit/Loss for the Period (Bill. Rp)
PBV (x) n.a. n.a. n.a. 3.43 6.01
ROA (%) n.a. n.a. n.a. 8.02 9.10
1,400
ROE (%) n.a. n.a. n.a. 24.15 25.95
GPM (%) n.a. n.a. n.a. -10.67 -11.75
965
NPM (%) n.a. n.a. n.a. 28.00 31.40
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. 0.00 0.00
Dividend Yield (%) n.a. n.a. n.a. 0.00 0.00
No. of Listed Shares, million n.a n.a n.a 7,627 7,627 - - -
Market Capitalization, billion IDR n.a n.a n.a 13,690 32,413
2015 2016 2017 2018 2019

CPIN
Charoen Pokphand Indonesia Tbk

CPIN Charoen Pokphand Indonesia Tbk

Date: 31 Jan 2020 v2.0.0

PT Charoen Pokphand Indonesia Tbk has a main business field of Animal feed. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Tjiu Thomas PT Asian
Effendy and Hadi Gunawan Tjoe. The largest shareholder of the company is PT 07 Jan 1972 18 Mar 1991 5,100 Development
Charoen Pokphand Indonesia Group (55.53%). The percentage of public Securities
shareholding (<5%) is 44.47%. PT Charoen Pokphand Indonesia Tbk has 9 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Charoen Pokphand Jaya
Farm. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=CPIN

Domestic 16,400.8 1,264.8
53% Institution 41.15% 51.38%
66%
Foreign 14,654.4 650.4 D Consumer Non-Cyclicals D23 Agricultural Products
47% Individual 0.27% 0.22%
34%
Others 18.35% 21.91% D2 Food & Beverage D231 Fish, Meat, & Poultry
Year 2019 YTD 2020
Total 31,055.1 1,915.2
Fundamental & ESG
YTD 2020
30.00x 5.44x 50.64 Severe
D 425.7 271.4 697.1
-1,415.8 -129.4
Buy

D 4,855.5 4,052.7 8,908.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- CPIN Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 F - Rp118.00 11-Jun-19 12-Jun-19 18-Jun-19 2010 SS 08-Dec-10 9,550 5:1 1,910 0.200
2018 F - Rp56.00 04-Jun-18 06-Jun-18 22-Jun-18 2007 SS 01-Nov-07 1,470 2:1 740 0.500
2017 F - Rp56.00 02-Jun-17 06-Jun-17 16-Jun-17 2007 RI 05-Jul-07 990 6:1 960 0.965
2016 F - Rp29.00 23-Jun-16 27-Jun-16 15-Jul-16 2001 SS 15-Jan-01 2,600 5:1 520 0.200
2015 F - Rp18.00 29-Jun-15 01-Jul-15 15-Jul-15 1997 BS 09-Jun-97 1,350 4:1 1,080 0.800
Industry Peers

1. CPIN Charoen Pokphand Indonesia Tbk 109,046.70 29,353,041 8,281,441 21,071,600 58,634,502 3,632,174
2. JPFA Japfa Comfeed Indonesia Tbk 17,589.86 26,650,895 14,754,081 11,896,814 38,872,084 1,883,857
3. CPRO Central Proteina Prima Tbk 2,978.62 6,000,259 5,670,767 329,492 7,175,764 -348,863
4. MAIN Malindo Feedmill Tbk 2,003.68 4,648,577 2,619,935 2,028,642 7,454,920 152,425
5. SIPD Sreeya Sewu Indonesia Tbk 1,325.71 2,470,793 1,554,580 916,213 4,105,991 79,776
1. CPIN Charoen Pokphand Indonesia Tbk 30.00 5.44 12.37 17.24 0.28 0.39
2. JPFA Japfa Comfeed Indonesia Tbk 9.96 1.64 7.07 15.83 0.55 1.24
3. CPRO Central Proteina Prima Tbk -8.53 7.96 -5.81 -105.88 0.95 17.21
4. MAIN Malindo Feedmill Tbk 13.14 0.98 3.28 7.51 0.56 1.29
5. SIPD Sreeya Sewu Indonesia Tbk 16.62 1.47 3.23 8.71 0.63 1.70


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 CPIN*
-13.92%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Consumer Non-Cyclicals
Highest 8,000 8,000 6,600 5,250 5,075 5,725 5,250 5,375 7,350 7,600 7,100 7,375
Lowest 7,150 6,400 5,150 4,280 4,330 4,710 4,590 4,690 5,050 6,500 6,500 6,575
Close 7,300 6,400 5,275 4,900 4,730 5,375 5,025 5,350 6,300 6,725 6,500 6,650
Adj. Close* 7,300 6,400 5,275 4,900 4,730 5,375 5,025 5,350 6,300 6,725 6,500 6,650
Growth (%) -12.33% -17.58% -7.11% -3.47% 13.64% -6.51% 6.47% 17.76% 6.75% -3.35% 2.31%
Volume (mill.) 197 157 234 308 230 307 222 142 197 197 132 136
Value (bill.) 1,479 1,146 1,395 1,460 1,071 1,629 1,063 726 1,207 1,367 896 958
Frequency (th.) 80 70 97 116 85 131 84 62 84 90 62 74
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Fish, Meat, & Poultry
Lowest 1,400 2,615 2,840 3,170 4,280
Close 2,600 3,345 3,000 7,225 6,500 1. CPIN 23.7% 2.3% -10.1% 114.5% 68.1%
Adj. Close* 2,600 3,345 3,000 7,225 6,500 2. JPFA -6.3% -2.3% -48.8% -14.5% 68.5%
Growth (%) 28.65% -10.31% 140.83% -10.03% 3. CPRO 0.0% 0.0% 0.0% 0.0% -57.3%
4. MAIN -19.4% -10.9% -49.1% -23.5% -58.9%
Shares Traded 2015 2016 2017 2018 2019 5. SIPD 4.2% 16.5% -2.0% 51.1% 1880.0%
Volume 1,862 1,763 1,609 2,104 2,589
Value 5,483 6,119 4,936 9,362 15,528 Note:
Index Membership

1. BASIC-IND 11. ISSI 21.
2. BISNIS-27 12. JII 22.
4. IDX30 14. KOMPAS100 24.
5. IDX80 15. LQ45 25.
6. IDXG30 16. MANUFACTUR 26.
7. IDXHIDIV20 17. MBX 27.
8. IDXNONCYC 18. MNC36 28.
9. IDXQ30 19. 29.
10. Investor33 20. 30.


Date: 31 Jan 2020 v2.0.0

35
Current Assets 12,058,873 12,059,433 11,720,730 14,097,959 13,297,718
- - - - - - 30
Fixed Asset 11,309,628 11,233,847 11,009,361 11,685,261 13,521,979
25
- - - - - -
Total Assets 24,916,656 24,204,994 24,522,593 27,645,118 29,353,041 20
Trade Payable 2,463,768 1,266,946 1,023,280 1,445,313 1,037,827
15
Curr. Maturities - Bank Loans 673,440 1,563,819 1,131,086 - -
- - - - - - 10
- - - - - -

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 163,980 163,980 163,980 163,980 163,980
21,072
Par Value 10 10 10 10 10 19,391
15,703
Total Equity 12,786,663 14,157,243 15,702,825 19,391,174 21,071,600
14,157
12,787
Revenues 30,107,727 38,256,857 49,367,386 53,957,604 58,634,502
Gross Profit 5,140,159 6,513,635 6,251,288 9,134,849 8,096,004
Finance Costs -642,227 -647,186 -496,087 -513,239 -447,885
EBT 2,281,628 3,957,250 3,255,705 5,907,351 4,595,238
Tax -449,030 -1,731,848 -758,918 -1,355,866 -963,064
2015 2016 2017 2018 2019
53,958
Net Cash - Investing -1,869,377 -1,176,737 -801,010 -1,607,433 -2,854,639
Net Cash - Financing 1,108,970 -2,145,489 -1,586,728 -2,438,554 -1,374,310 38,257
Net Increase/Decrease in C&CE 947,031 834,911 -763,273 989,967 -828,776 30,108

C&CE, end of period 1,679,273 2,504,434 1,743,765 2,803,131 1,961,373
Current Ratio (%) 2.11 2.17 2.32 2.98 2.56
DAR (x) 0.49 0.42 0.36 0.30 0.28
DER (x) 0.95 0.71 0.56 0.43 0.39
EPS (IDR) n.a. n.a. n.a. 245.74 222.76 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 29.40 29.18

BV (IDR) 780 863 958 1,183 1,285 Profit/Loss for the Period (Bill. Rp)
PBV (x) 3.33 3.87 3.13 6.11 5.06
ROA (%) 7.35 9.19 10.18 16.46 12.37 4,551
ROE (%) 14.33 15.72 15.90 23.47 17.24
GPM (%) 17.07 17.03 12.66 16.93 13.81 3,632
OPM (%) 11.59 11.65 7.46 11.85 8.95
NPM (%) 6.09 5.82 5.06 8.44 6.19
2,497
DPS (IDR) 18.00 29.00 56.00 56.00 118.00 2,225
DPR (%) n.a. n.a. n.a. 22.79 52.97 1,833
Dividend Yield (%) 0.69 0.87 1.87 0.78 1.82
2015 2016 2017 2018 2019

CTRA
Ciputra Development Tbk

CTRA Ciputra Development Tbk

Date: 31 Jan 2020 v2.0.0

PT Ciputra Development Tbk has a main business field of Development, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
investment, trade, industry and services. The company's President Director and PT Bapindo Bumi
President Commisioner are Candra Ciputra and Dian Sumeler. The largest 04 Jun 1982 28 Mar 1994 5,200 Securities
shareholder of the company is PT Sang Pelopor (53.24%). The percentage of
public shareholding (<5%) is 46.63%. PT Ciputra Development Tbk has 19 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Ciputra Nusantara dan entitas
anak. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=CTRA

Domestic 13,709.8 566.1
73% 74%
Individual 0.98% 4.60% Development
Total 18,693.1 764.5
Fundamental & ESG
YTD 2020
14.35x 0.98x 27.04 Medium
D 211.2 99.7 310.9
372.8 -55.6
Buy

D 5,060.1 1,608.4 6,668.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- CTRA Sector PER Market PER
Domestic Buy".
14.35x 17.20x

2019 F - Rp10.00 05-Jul-19 08-Jul-19 26-Jul-19 2016 BS 13-Jul-16 1,450 161:1 1,440 0.994
2018 F - Rp9.50 21-Jun-18 25-Jun-18 05-Jul-18 2015 BS 30-Sep-15 820 91:1 810 0.989
2017 F - Rp4.75 03-Jul-17 05-Jul-17 14-Jul-17 2010 BS 15-Jun-10 820 1:1 410 0.500
2016 SD 161 : 1 Rp0.00 13-Jul-16 15-Jul-16 28-Jul-16 2006 RI 27-Nov-06 880 8:5 740 0.834
2016 SD 162 : 1 Rp0.00 13-Jul-16 15-Jul-16 28-Jul-16 2000 BS 15-Nov-00 330 20:23 155 0.465
Industry Peers

5. MKPI Metropolitan Kentjana Tbk 15,360.74 7,275,235 1,771,632 5,503,603 1,872,934 614,639
5. MKPI Metropolitan Kentjana Tbk 24.99 2.90 8.45 11.17 0.24 0.32


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 CTRA*
-7.25%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 965 1,035 1,245 1,090 1,180 1,305 1,275 1,140 1,220 1,115 1,085 1,065
Lowest 865 855 1,085 900 1,025 1,095 1,085 1,025 1,045 975 990 895
Close 875 1,000 1,130 980 1,150 1,235 1,095 1,055 1,110 1,005 1,040 895
Adj. Close* 875 1,000 1,130 980 1,150 1,235 1,095 1,055 1,110 1,005 1,040 895
Growth (%) 14.29% 13.00% -13.27% 17.35% 7.39% -11.34% -3.65% 5.21% -9.46% 3.48% -13.94%
Volume (mill.) 885 865 890 541 839 1,051 817 593 476 344 342 377
Value (bill.) 812 836 1,007 532 914 1,254 976 644 541 363 357 382
Frequency (th.) 67 47 48 52 63 78 89 71 54 47 42 45
Days 19 20 19 21 15 23 22 21 23 21 19 22
Lowest 780 1,260 1,095 735 855
Close 1,460 1,270 1,185 1,010 1,040 1. CTRA -27.5% -13.9% -8.2% -32.2% -37.8%
Adj. Close* 1,460 1,270 1,185 1,010 1,040 2. PWON -29.3% -8.8% -20.0% -7.1% 4.2%
Growth (%) -13.01% -6.69% -14.77% 2.97% 3. BSDE -21.5% -11.2% -16.2% -39.1% -44.8%
4. LPKR -17.9% -5.0% 3.5% -60.6% -74.5%
Shares Traded 2015 2016 2017 2018 2019 5. MKPI -4.7% 0.0% -4.6% -37.9% 5.9%
Volume 3,852 5,498 12,383 4,640 8,761
Value 4,779 7,900 10,464 4,885 9,347 Note:
Index Membership

2. IDX80 12. MBX 22.
4. IDXPROPERT 14. PROPERTY 24.
7. IDXV30 17. 27.
8. ISSI 18. 28.
9. JII70 19. 29.
10. KOMPAS100 20. 30.


Date: 31 Jan 2020 v2.0.0

Trade receivables 874,125 937,575 957,748 1,212,155 1,172,621 Total Asset & Liabilities (Bill. Rp)
40
Current Assets 12,544,502 13,710,690 15,167,178 16,151,959 18,195,176
Fixed Asset 2,961,999 3,033,847 3,137,453 3,113,950 3,089,106 30

- - - - - -
25
Total Assets 26,258,719 29,072,250 31,706,163 34,289,017 36,196,024
Trade Payable 913,690 829,102 839,049 831,846 777,515 20

Curr. Maturities - Bonds Payable - 199,468 - 219,602 -
10
- - - - - -
Long-term Bonds Payable 491,400 295,292 296,873 79,073 79,451 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 3,832,665 3,856,323 4,640,076 4,640,076 4,640,076
16,644
Par Value 250 250 250 250 250 15,451
13,050
Total Equity 13,050,221 14,297,927 15,450,765 16,644,276 17,761,568
Revenues 7,514,287 6,739,315 6,442,797 7,670,405 7,608,237
Gross Profit 3,728,709 3,289,704 3,019,470 3,628,267 3,791,742
Finance Costs -486,805 -565,799 -551,154 -732,298 -910,436
EBT 2,165,700 1,500,849 1,298,013 1,655,086 1,612,942
Tax -425,400 -330,143 -279,484 -352,384 -329,661
2015 2016 2017 2018 2019
Profit/Loss Period Attributable 1,283,693 861,761 894,354 1,185,478 1,157,959
Comprehensive Income 1,753,690 1,143,006 966,452 1,326,395 1,288,534 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,296,467 842,731 841,149 1,211,001 1,164,042
7,670
7,514
Net Cash - Operating 1,452,270 41,055 472,142 1,043,561 979,826
Net Cash - Investing -2,561,856 -1,053,199 -1,761,064 -1,694,312 -581,910
Net Cash - Financing 1,244,183 1,453,790 1,050,468 653,258 603,549
6,739
Net Increase/Decrease in C&CE 134,597 441,646 -238,454 2,507 1,001,465
C&CE, end of period 3,034,144 3,467,585 3,228,549 3,243,099 4,237,924 6,443
Current Ratio (%) 1.57 1.88 1.95 2.02 2.17
DAR (x) 0.50 0.51 0.51 0.51 0.51
DER (x) 1.01 1.03 1.05 1.06 1.04
EPS (IDR) n.a. n.a. n.a. 48.92 54.68 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 20.65 19.02

PBV (x) 1.72 1.37 1.42 1.13 1.09
ROA (%) 6.63 4.03 3.21 3.80 3.55
1,740
ROE (%) 13.34 8.19 6.59 7.83 7.23
GPM (%) 49.62 48.81 46.87 47.30 49.84
OPM (%) 31.31 26.79 24.20 26.66 28.33 1,303 1,283
1,171
NPM (%) 23.16 17.37 15.81 16.98 16.87
1,019
DPS (IDR) 10.25 12.00 4.75 9.50 10.00
DPR (%) n.a. n.a. n.a. 19.42 18.29
Dividend Yield (%) 0.70 0.94 0.40 0.94 0.96
2015 2016 2017 2018 2019

ERAA
Erajaya Swasembada Tbk

ERAA Erajaya Swasembada Tbk

Date: 31 Jan 2020 v2.0.0

PT Erajaya Swasembada Tbk has a main business field of Distribution and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
retailer of cellular communication products and services and their support. The PT Buana Capital
company's President Director and President Commisioner are Budiarto Halim 08 Oct 1996 14 Dec 2011 1,000
and Ardy Hady Wijaya. The largest shareholder of the company is PT Eralink
International (54.51%). The percentage of public shareholding (<5%) is 45.17%. Stock Overview
PT Erajaya Swasembada Tbk has 13 subsidiaries. One of the biggest
subsidiaries is PT Erafone Artha Retailindo. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ERAA

Domestic 31,935.7 1,044.3
Foreign 2,376.4 104.2 E Consumer Cyclicals E74 Specialty Retail
9%
7%
Others 23.41% 22.62% E7 Retailing E742 Electronics Retail
Year 2019 YTD 2020
Total 34,312.0 1,148.6
Fundamental & ESG
YTD 2020
17.19x 1.04x 11.77 Low
D 474.0 40.0 514.0
-106.2 16.3
Buy

D 14,893.7 1,127.2 16,020.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ERAA Sector PER Market PER
Domestic Buy".
19.84x 17.20x

2019 F - Rp50.00 20-May-19 21-May-19 31-May-19 - - - - - - -
2018 F - Rp38.00 02-May-18 04-May-18 25-May-18 - - - - - - -
2016 F - Rp20.00 17-Jun-16 21-Jun-16 01-Jul-16 - - - - - - -
2015 F - Rp20.00 17-Jun-15 19-Jun-15 10-Jul-15 - - - - - - -
2013 F - Rp60.00 26-Jun-13 28-Jun-13 12-Jul-13 - - - - - - -
Industry Peers

1. ERAA Erajaya Swasembada Tbk 5,072.10 9,747,703 4,768,987 4,978,717 32,944,903 325,583
4. TELE Tiphone Mobile Indonesia Tbk 1,504.25 2,956,614 4,602,040 -1,645,426 28,442,132 -5,571,740
5. ECII Electronic City Indonesia Tbk 1,347.68 1,845,324 465,329 1,379,996 1,978,632 33,269
1. ERAA Erajaya Swasembada Tbk 17.19 1.04 3.34 6.54 0.49 0.96
4. TELE Tiphone Mobile Indonesia Tbk -0.27 0.35 -188.45 338.62 1.56 -2.80
5. ECII Electronic City Indonesia Tbk 40.50 0.76 1.80 2.41 0.25 0.34


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 ERAA*
-30.57%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 2,290 2,090 1,830 1,175 1,965 2,160 2,180 2,020 1,880 1,635 1,795 1,830
Lowest 1,950 1,770 1,450 1,005 1,210 1,875 1,480 1,470 1,520 1,340 1,420 1,590
Close 2,090 1,770 1,450 1,175 1,920 2,100 1,550 1,825 1,760 1,340 1,795 1,590
Adj. Close* 2,090 1,770 1,450 1,175 1,920 2,100 1,550 1,825 1,760 1,340 1,795 1,590
Growth (%) -15.31% -18.08% -18.97% 63.40% 9.38% -26.19% 17.74% -3.56% -23.86% 33.96% -11.42%
Volume (mill.) 560 344 661 1,130 1,217 1,045 1,133 1,027 917 390 499 333
Value (bill.) 1,207 679 1,069 1,264 1,931 2,129 2,076 1,874 1,597 613 818 574
Frequency (th.) 105 65 110 156 158 165 195 171 162 90 89 74
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Electronics Retail
Highest 1,235 580 780 3,280 2,550 No. Code 6M YTD 1Y 3Y 5Y
Lowest 396 515 580 690 1,005
Close 545 525 735 2,200 1,795 1. ERAA -24.3% -11.4% -30.6% 160.7% 32.0%
Adj. Close* 545 525 735 2,200 1,795 2. TRIO 0.0% 0.0% 63.8% -78.7% -73.2%
Growth (%) -3.67% 40.00% 199.32% -18.41% 3. SLIS n.a. 12.4% n.a. n.a. n.a.
4. TELE -45.8% -31.3% -74.9% -76.6% -80.0%
Shares Traded 2015 2016 2017 2018 2019 5. ECII -9.8% 0.0% -9.8% 46.4% -3.3%
Volume 3,502 2,504 2,486 7,132 9,717
Value 2,573 1,742 1,770 14,813 17,156 Note:
Index Membership

1. COMPOSITE 11. KOMPAS100 21.
2. IDX30 12. LQ45 22.
3. IDX80 13. MBX 23.
4. IDXCYCLIC 14. PEFINDO25 24.
5. IDXESGL 15. TRADE 25.
6. IDXG30 16. 26.
9. ISSI 19. 29.
10. JII70 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash & Cash Equivalents 126,820 614,544 366,396 272,103 571,289
14
Current Assets 5,465,564 5,168,223 6,684,618 10,053,692 6,944,526
- - - - - - 12
Fixed Asset 436,642 457,248 485,805 553,676 614,540
10
- - - - - -
Total Assets 7,800,300 7,424,604 8,873,875 12,682,903 9,747,703 8
Trade Payable 2,566,440 2,613,690 2,619,331 2,806,645 1,434,567
6
Curr. Maturities - Bank Loans 9,287 99,473 128 - -
- - - - - - 4
- - - - - -
Long-term Bank Loans 135,757 2,535 2,690 - - -

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 1,450,000 1,450,000 1,450,000 1,595,000 1,595,000
4,979
Par Value 500 500 500 500 500 4,826

Total Equity 3,205,406 3,409,161 3,706,655 4,825,618 4,978,717 3,707
3,409
3,205
Revenues 20,007,598 20,547,128 24,229,915 34,744,177 32,944,903
Gross Profit 1,505,598 1,792,309 2,158,907 3,169,482 2,849,024
Operating Profit/Loss 392,688 483,582 523,063 1,317,527 512,590
Finance Costs -155,270 -154,404 -142,827 -349,163 -326,036
EBT 320,401 383,537 479,656 1,203,141 472,720
Tax -90,590 -121,816 -132,507 -313,800 -147,137
2015 2016 2017 2018 2019
Profit/Loss for the period 229,812 261,721 347,150 889,341 325,583
Profit/Loss Period Attributable 226,023 263,755 339,458 850,090 295,066
Comprehensive Income 240,860 257,485 348,546 911,458 316,970 Total Revenue (Bill. Rp)
Comprehensive Attributable 241,212 262,086 336,171 869,920 289,030
34,744
Net Cash - Operating 193,302 1,458,882 -765,037 -2,427,388 2,430,791
Net Cash - Investing -217,173 -215,647 -272,076 -398,640 -377,007 24,230
Net Cash - Financing -342,702 -839,861 522,021 2,618,524 -1,861,394 20,547
20,008
Net Increase/Decrease in C&CE -366,573 403,375 -515,093 -207,504 192,390
C&CE, end of period -394,255 11,335 -501,114 -701,514 -504,392
Current Ratio (%) 1.24 1.31 1.32 1.30 1.50
DAR (x) 0.59 0.54 0.58 0.62 0.49
DER (x) 1.43 1.18 1.39 1.63 0.96
EPS (IDR) n.a. n.a. n.a. 236.14 118.86 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 9.32 15.10

PBV (x) 0.49 0.45 0.58 1.45 1.15
ROA (%) 2.95 3.53 3.91 7.01 3.34
889
ROE (%) 7.17 7.68 9.37 18.43 6.54
GPM (%) 7.53 8.72 8.91 9.12 8.65
OPM (%) 1.96 2.35 2.16 3.79 1.56
NPM (%) 1.15 1.27 1.43 2.56 0.99
DPS (IDR) 20.00 20.00 0.00 38.00 50.00
DPR (%) n.a. n.a. n.a. 16.09 42.06 347 326
Dividend Yield (%) 3.67 3.81 0.00 1.73 2.79 230
262
2015 2016 2017 2018 2019

EXCL
XL Axiata Tbk
EXCL XL Axiata Tbk

Date: 31 Jan 2020 v2.0.0

PT XL Axiata Tbk has a main business field of Telecommunication service and/or Established Listing Date IPO Price (IDR) IPO Lead Underwriter
telecommunication network and/or multimedia service. The company's President CIMB Niaga
Director and President Commisioner are Dian Siswarini and Muhamad Chatib 06 Oct 1989 29 Sep 2005 2,000 Securities
Basri. The largest shareholder of the company is Axiata Investments (Indonesia)
Sdn. Bhd. (61.16%). The percentage of public shareholding (<5%) is 38.31%. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=EXCL

Domestic 15,124.5 823.6
54% 59% Institution 53.63% 78.53%
Foreign 13,088.0 570.7 J Infrastructures J32 Wireless Telecommunication Services
46% 41%
Others 11.08% 31.72% J3 Telecommunication J321 Wireless Telecommunication Services
Year 2019 YTD 2020
Total 28,212.5 1,394.3
Fundamental & ESG
YTD 2020
43.50x 1.64x 25.65 Medium
D 210.4 287.7 498.1
-191.4 -172.5
Buy

D 4,620.1 3,037.8 7,657.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- EXCL Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2014 F - Rp64.00 14-May-14 19-May-14 04-Jun-14 2016 RI 16-May-16 3,380 100:25 3,330 0.986
2013 F - Rp135.00 03-May-13 07-May-13 22-May-13 - - - - - - -
2012 F - Rp129.88 23-Apr-12 25-Apr-12 09-May-12 - - - - - - -
2011 F - Rp107.00 12-May-11 16-May-11 31-May-11 - - - - - - -
2008 F - Rp20.00 29-Apr-08 02-May-08 16-May-08 - - - - - - -
Industry Peers

1. EXCL XL Axiata Tbk 30,995.09 62,725,242 43,603,276 19,121,966 25,132,628 712,579
2. TOWR Sarana Menara Nusantara Tbk 43,107.36 27,665,695 18,905,074 8,760,621 6,454,302 2,353,089
3. TBIG Tower Bersama Infrastructure Tbk 26,282.12 30,871,710 25,348,426 5,523,284 4,698,742 866,121
4. FREN Smartfren Telecom Tbk 22,450.32 27,650,462 14,914,975 12,735,487 6,987,805 -2,187,772
5. ISAT Indosat Tbk 12,443.71 62,813,000 49,105,807 13,707,193 26,117,533 1,630,372
1. EXCL XL Axiata Tbk 43.50 1.64 1.14 3.73 0.70 2.28
2. TOWR Sarana Menara Nusantara Tbk 18.41 5.19 8.51 26.86 0.68 2.16
3. TBIG Tower Bersama Infrastructure Tbk 32.07 6.55 2.81 15.68 0.82 4.59
4. FREN Smartfren Telecom Tbk -10.26 1.84 -7.91 -17.18 0.54 1.17
5. ISAT Indosat Tbk 7.93 1.05 2.60 11.89 0.78 3.58

EXCL XL Axiata Tbk

Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 EXCL*
38.10%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Infrastructures
Highest 2,650 2,700 2,930 2,980 2,990 3,300 3,480 3,620 3,550 3,550 3,420 3,360
Lowest 2,020 2,350 2,530 2,540 2,850 2,850 3,130 3,270 3,350 3,230 3,150 2,900
Close 2,400 2,700 2,920 2,860 2,980 3,230 3,480 3,440 3,550 3,340 3,150 2,900
Adj. Close* 2,400 2,700 2,920 2,860 2,980 3,230 3,480 3,440 3,550 3,340 3,150 2,900
Growth (%) 12.50% 8.15% -2.05% 4.20% 8.39% 7.74% -1.15% 3.20% -5.92% -5.69% -7.94%
Volume (mill.) 833 310 344 289 129 348 322 392 285 866 177 216
Value (bill.) 1,941 795 952 817 377 1,083 1,060 1,338 987 3,025 586 697
Frequency (th.) 86 47 44 53 29 50 94 106 101 106 51 56
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Wireless Telecommunication Services
Lowest 2,325 3,385 2,280 1,750 1,980
Close 3,650 3,675 2,960 1,980 3,150 1. EXCL -10.2% -7.9% 33.6% -0.3% -39.6%
Adj. Close* 3,650 3,675 2,960 1,980 3,150 2. TOWR 14.2% 5.0% 0.0% 20.7% 8.1%
Growth (%) 0.68% -19.46% -33.11% 59.09% 3. TBIG 38.1% -5.7% 17.9% 17.2% -38.9%
4. FREN -40.5% -25.4% -29.9% 69.5% 24.6%
Shares Traded 2015 2016 2017 2018 2019 5. ISAT -32.8% -21.3% -16.4% -64.5% -44.1%
Volume 1,835 3,186 2,147 4,266 4,816
Value 7,129 9,948 6,906 10,340 14,106 Note:
Index Membership

3. IDX30 13. JII70 23.
4. IDX80 14. KOMPAS100 24.
5. IDXESGL 15. LQ45 25.
6. IDXINFRA 16. MBX 26.
8. IDXSMC-LIQ 18. SMinfra18 28.
9. INFRASTRUC 19. 29.
10. Investor33 20. 30.

EXCL XL Axiata Tbk

Date: 31 Jan 2020 v2.0.0

Inventories 78,979 161,078 143,303 189,063 74,608 Asset Liabilities
70
Current Assets 10,151,586 6,806,863 7,180,742 7,058,652 7,145,648
- - - - - - 60
Fixed Asset 33,426,750 33,182,920 34,933,877 36,759,530 42,081,680
50
- - - - - -
Total Assets 58,844,320 54,896,286 56,321,441 57,613,954 62,725,242 40
Trade Payable 5,283,014 6,502,815 7,475,861 9,105,808 8,042,098
30
Curr. Maturities - Bank Loans 3,430,720 3,645,122 2,474,424 646,095 4,076,202
Curr. Maturities - Sukuk 491,417 - 1,296,858 356,430 1,075,440

Long-term Bonds Payable - - - 668,325 992,449 2015 2016 2017 2018 2019
Long-term Sukuk 1,000,394 1,001,586 1,883,223 2,523,058 2,088,832
Common Stocks 854,138 1,068,796 1,068,796 1,068,796 1,068,796
Paid up Capital (Shares) 8,541 10,688 10,688 10,688 10,688 21,209 21,631
Par Value 100 100 100 100 100 19,122
18,343
Total Equity 14,091,635 21,209,145 21,630,850 18,343,098 19,121,966
14,092
Revenues 22,876,182 21,341,425 22,875,662 22,938,812 25,132,628
- - - - - -
Operating Profit/Loss -2,320,957 -1,926,396 -2,459,401 -2,421,268 -1,914,297
Finance Costs -1,807,768 -1,793,508 -1,539,281 -1,746,198 -2,242,505
EBT -630,526 185,581 221,238 -4,396,280 1,144,117
Tax 605,188 189,935 154,006 1,099,390 -431,538
2015 2016 2017 2018 2019
Profit/Loss for the period -76,014 375,516 375,244 -3,296,890 712,579
Profit/Loss Period Attributable -25,338 375,516 375,244 -3,296,890 712,579
Comprehensive Income 7,871 396,549 403,443 -3,280,113 725,857 Total Revenue (Bill. Rp)
Comprehensive Attributable 7,871 396,549 403,443 -3,280,113 725,857
25,133
Net Cash - Financing -6,556,205 -5,368,524 -1,926,108 -4,587,698 -3,090,754 22,876 22,876 22,939
Net Increase/Decrease in C&CE -3,655,285 -1,905,686 1,051,176 -1,433,264 573,860

C&CE, end of period 3,311,867 1,399,910 2,455,343 1,047,115 1,603,445 21,341
Current Ratio (%) 0.64 0.47 0.47 0.45 0.34
DAR (x) 0.76 0.61 0.62 0.68 0.70
DER (x) 3.18 1.59 1.60 2.14 2.28
EPS (IDR) n.a. n.a. n.a. -0.71 -248.29 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. -2,773.91 -12.69

PBV (x) 2.21 1.85 1.46 1.15 1.76
ROA (%) -0.13 0.68 0.67 -5.72 1.14 713
ROE (%) -0.54 1.77 1.73 -17.97 3.73 376 375
GPM (%) n.a. n.a. n.a. n.a. n.a.

OPM (%) -10.15 -9.03 -10.75 -10.56 -7.62 -76
NPM (%) -0.33 1.76 1.64 -14.37 2.84
DPS (IDR) 0.00 0.00 0.00 0.00 0.00
DPR (%) n.a. n.a. n.a. 0.00 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00
Market Capitalization, billion IDR 31,176 24,689 31,636 21,162 33,667 -3,297
2015 2016 2017 2018 2019

GGRM
Gudang Garam Tbk

GGRM Gudang Garam Tbk

Date: 31 Jan 2020 v2.0.0

PT Gudang Garam Tbk has a main business field of Cigarette industry. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Susilo PT Danareksa
Wonowidjojo and Juni Setiawati Wonowidjojo. The largest shareholder of the 26 Jun 1958 27 Aug 1990 10,250 Sekuritas
company is PT. SURYADUTA INVESTAMA (69.29%). The percentage of public
shareholding (<5%) is 24.45%. PT Gudang Garam Tbk has 10 subsidiaries. One Stock Overview
of the biggest subsidiaries is PT Surya Madistrindo.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=GGRM

Domestic 33,986.9 2,011.6
57% 54% Institution 52.37% 54.19%
Foreign 25,139.1 1,685.9 D Consumer Non-Cyclicals D31 Tobacco
43% 46% Individual 0.41% 0.10%
Others 16.79% 33.79% D3 Tobacco D311 Tobacco
Year 2019 YTD 2020
Total 59,126.0 3,697.5
Fundamental & ESG
YTD 2020
9.86x 2.27x 36.00 High
D 567.8 295.9 863.7
-1,521.6 284.3
Buy

D 10,080.8 7,673.4 17,754.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- GGRM Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 F - Rp2600.00 05-Jul-19 08-Jul-19 25-Jul-19 1996 SS 03-Jun-96 19,000 2:1 9,500 0.500
2018 F - Rp2600.00 04-Jul-18 06-Jul-18 26-Jul-18 1996 BS 26-Apr-96 32,775 1:1 16,400 0.500
2017 F - Rp2600.00 04-Jul-17 06-Jul-17 19-Jul-17 - - - - - - -
2016 F - Rp2600.00 29-Jun-16 01-Jul-16 22-Jul-16 - - - - - - -
2015 F - Rp800.00 06-Jul-15 08-Jul-15 30-Jul-15 - - - - - - -
Industry Peers

1. GGRM Gudang Garam Tbk 107,316.01 78,647,274 27,716,516 50,930,758 110,523,819 10,880,704
2. HMSP HM Sampoerna Tbk 240,778.42 50,902,806 15,223,076 35,679,730 106,055,176 13,721,513
3. RMBA Bentoel Internasional Investama Tbk 10,920.34 17,000,330 8,598,687 8,401,643 20,834,699 50,612
4. ITIC Indonesian Tobacco Tbk 2,069.58 447,812 181,661 266,150 166,565 -7,000
5. WIIM Wismilak Inti Makmur Tbk 300.28 1,299,522 266,351 1,033,171 1,393,574 27,328
1. GGRM Gudang Garam Tbk 9.86 2.27 13.83 21.36 0.35 0.54
2. HMSP HM Sampoerna Tbk 17.55 7.54 26.96 38.46 0.30 0.43
3. RMBA Bentoel Internasional Investama Tbk 215.77 1.30 0.30 0.60 0.51 1.02
4. ITIC Indonesian Tobacco Tbk -295.65 7.99 -1.56 -2.63 0.41 0.68
5. WIIM Wismilak Inti Makmur Tbk 11.01 0.30 2.10 2.65 0.20 0.26


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 GGRM*
-32.80%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 86,600 94,400 84,475 84,050 80,000 79,800 77,000 69,075 56,100 54,775 53,850 58,325
Lowest 80,775 81,800 76,400 76,800 76,000 74,000 69,475 51,050 49,400 49,225 51,700 53,350
Close 85,400 83,200 84,475 80,475 76,875 75,500 69,475 52,375 56,100 50,375 53,000 55,775
Adj. Close* 85,400 83,200 84,475 80,475 76,875 75,500 69,475 52,375 56,100 50,375 53,000 55,775
Growth (%) -2.58% 1.53% -4.74% -4.47% -1.79% -7.98% -24.61% 7.11% -10.20% 5.21% 5.24%
Volume (mill.) 19 30 41 35 22 37 33 71 60 32 23 32
Value (bill.) 1,572 2,705 3,320 2,829 1,699 2,844 2,434 4,231 3,137 1,664 1,200 1,849
Frequency (th.) 53 75 99 86 57 92 87 134 107 72 48 68
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Tobacco

Lowest 40,500 53,400 60,150 66,525 49,225
Close 55,000 58,350 83,800 83,625 53,000 1. GGRM -26.1% 5.2% -33.3% -9.7% -3.5%
Adj. Close* 55,000 58,350 83,800 83,625 53,000 2. HMSP -31.7% -1.4% -46.0% -46.2% -96.9%
Growth (%) 6.09% 43.62% -0.21% -36.62% 3. RMBA -13.3% -9.1% -8.5% -30.6% -40.0%
4. ITIC 243.8% -15.4% n.a. n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. WIIM -39.4% -14.9% -38.9% -67.6% -73.3%
Volume 312 408 273 244 426
Value 15,434 26,537 19,135 18,412 29,563 Note:
Index Membership

1. COMPOSITE 11. MBX 21.
2. CONSUMER 12. MNC36 22.
3. IDX30 13. 23.
4. IDX80 14. 24.
5. IDXHIDIV20 15. 25.
6. IDXNONCYC 16. 26.
7. IDXQ30 17. 27.
8. KOMPAS100 18. 28.
9. LQ45 19. 29.


Date: 31 Jan 2020 v2.0.0

90
Current Assets 42,568,431 41,933,173 43,764,490 45,284,719 52,081,133
- - - - - - 80
Fixed Asset 20,106,488 20,498,950 21,408,575 22,758,558 25,373,983 70

- - - - - - 60
Total Assets 63,505,413 62,951,634 66,759,930 69,097,219 78,647,274
50
Trade Payable 2,370,339 1,117,957 1,213,634 1,129,544 1,297,463
40
Curr. Maturities - Bank Loans - - - - 20,000
- - - - - - 30
- - - - - - 20

Long-term Bank Loans - - - - 176,667 -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 962,044 962,044 962,044 962,044 962,044
Par Value 500 500 500 500 500
45,133
39,564
38,008
Total Equity 38,007,909 39,564,228 42,187,664 45,133,285 50,930,758
Revenues 70,365,573 76,274,147 83,305,925 95,707,663 110,523,819
Gross Profit 15,485,611 16,616,716 18,221,662 18,644,327 22,783,255
Finance Costs -1,429,592 -1,190,902 -800,741 -677,562 -585,354
EBT 8,635,275 8,931,136 10,436,512 10,479,242 14,487,736
Tax -2,182,441 -2,258,454 -2,681,165 -2,686,174 -3,607,032
2015 2016 2017 2018 2019
110,524
83,306
70,366
Net Cash - Financing -284,510 -5,129,762 -3,480,186 -8,722,387 -4,605,962
Net Increase/Decrease in C&CE 15,916 -418,155 1,484,804 -725,463 1,850,163
C&CE, end of period 1,264,702 841,875 2,329,179 1,612,024 3,455,447
Current Ratio (%) 1.77 1.94 1.94 2.06 2.06
DAR (x) 0.40 0.37 0.37 0.35 0.35
DER (x) 0.67 0.59 0.58 0.53 0.54
EPS (IDR) n.a. n.a. n.a. 4,209.05 4,819.90 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 19.87 11.00

PBV (x) 2.78 2.84 3.82 3.57 2.00
ROA (%) 10.16 10.60 11.62 11.28 13.83 10,881
ROE (%) 16.98 16.87 18.38 17.27 21.36
GPM (%) 22.01 21.79 21.87 19.48 20.61
OPM (%) 14.08 13.07 13.35 11.59 13.38 7,755 7,793
NPM (%) 9.17 8.75 9.31 8.14 9.84 6,453 6,673
DPS (IDR) 800.00 2,600.00 2,600.00 2,600.00 2,600.00

DPR (%) n.a. n.a. n.a. 61.77 53.94
Dividend Yield (%) 1.45 4.46 3.10 3.11 4.91
2015 2016 2017 2018 2019

HMSP
HM Sampoerna Tbk
HMSP HM Sampoerna Tbk

Date: 31 Jan 2020 v2.0.0

PT HM Sampoerna Tbk has a main business field of Cigarette industry. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Mindaugas PT Inter-Pacific
Trumpaitis and John Gledhill. The largest shareholder of the company is PHILIP 19 Oct 1963 15 Aug 1990 12,600 Securities
MORRIS INDONESIA, PT - (92.50%). The percentage of public shareholding
(<5%) is 7.50%. PT HM Sampoerna Tbk has 10 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Perusahaan Dagang dan Industri Panamas.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=HMSP

Domestic 38,731.3 3,139.3
Foreign 15,209.7 957.3 D Consumer Non-Cyclicals D31 Tobacco
Others 18.59% 15.50% D3 Tobacco D311 Tobacco
Year 2019 YTD 2020
Total 53,941.0 4,096.6
Fundamental & ESG
YTD 2020
17.55x 7.54x 26.07 Medium
D 1,210.9 488.6 1,699.5
391.5 -259.7
Buy

D 14,272.7 4,897.2 19,169.9 "Foreign Buy-Domestic Sell" minus "Foreign Sell- HMSP Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 F - Rp117.20 20-May-19 21-May-19 29-May-19 2016 SS 14-Jun-16 95,150 25:1 3,810 0.040
2018 F - Rp107.30 08-May-18 11-May-18 25-May-18 2015 RI 20-Oct-15 88,000 65:4 87,350 0.993
2016 F - Rp2225.00 09-May-16 11-May-16 27-May-16 1996 SS 18-Nov-96 24,450 2:1 12,250 0.500
2015 F - Rp787.00 29-Sep-15 01-Oct-15 20-Oct-15 - - - - - - -
Industry Peers

1. HMSP HM Sampoerna Tbk 240,778.42 50,902,806 15,223,076 35,679,730 106,055,176 13,721,513
2. GGRM Gudang Garam Tbk 107,316.01 78,647,274 27,716,516 50,930,758 110,523,819 10,880,704
3. RMBA Bentoel Internasional Investama Tbk 10,920.34 17,000,330 8,598,687 8,401,643 20,834,699 50,612
4. ITIC Indonesian Tobacco Tbk 2,069.58 447,812 181,661 266,150 166,565 -7,000
5. WIIM Wismilak Inti Makmur Tbk 300.28 1,299,522 266,351 1,033,171 1,393,574 27,328
1. HMSP HM Sampoerna Tbk 17.55 7.54 26.96 38.46 0.30 0.43
2. GGRM Gudang Garam Tbk 9.86 2.27 13.83 21.36 0.35 0.54
3. RMBA Bentoel Internasional Investama Tbk 215.77 1.30 0.30 0.60 0.51 1.02
4. ITIC Indonesian Tobacco Tbk -295.65 7.99 -1.56 -2.63 0.41 0.68
5. WIIM Wismilak Inti Makmur Tbk 11.01 0.30 2.10 2.65 0.20 0.26


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 HMSP*
-45.24%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 3,820 3,920 3,810 3,550 3,380 3,270 3,040 2,820 2,330 2,110 2,150 2,320
Lowest 3,700 3,740 3,370 3,230 3,140 2,820 2,690 2,250 2,060 1,900 2,010 2,070
Close 3,800 3,750 3,500 3,380 3,140 3,030 2,690 2,290 2,130 1,935 2,100 2,070
Adj. Close* 3,800 3,750 3,500 3,380 3,140 3,030 2,690 2,290 2,130 1,935 2,100 2,070
Growth (%) -1.32% -6.67% -3.43% -7.10% -3.50% -11.22% -14.87% -6.99% -9.15% 8.53% -1.43%
Volume (mill.) 398 403 510 589 415 1,251 1,060 1,294 1,389 911 619 928
Value (bill.) 1,498 1,536 1,816 1,987 1,351 3,786 3,067 3,179 3,030 1,839 1,292 2,048
Frequency (th.) 66 65 82 94 80 174 140 165 142 96 68 91
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Tobacco

Lowest 65,000 90,125 3,780 3,280 1,900
Close 94,000 103,500 4,730 3,710 2,100 1. HMSP -31.7% -1.4% -46.0% -46.2% -96.9%
Adj. Close* 94,000 103,500 4,730 3,710 2,100 2. GGRM -26.1% 5.2% -33.3% -9.7% -3.5%
Growth (%) 10.11% -95.43% -21.56% -43.40% 3. RMBA -13.3% -9.1% -8.5% -30.6% -40.0%
4. ITIC 243.8% -15.4% n.a. n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. WIIM -39.4% -14.9% -38.9% -67.6% -73.3%
Volume 357 2,985 5,043 6,477 9,520
Value 29,089 22,740 19,824 25,694 26,970 Note:
Index Membership

1. COMPOSITE 11. MANUFACTUR 21.
2. CONSUMER 12. MBX 22.
3. IDX30 13. MNC36 23.
4. IDX80 14. 24.
5. IDXESGL 15. 25.
6. IDXHIDIV20 16. 26.
7. IDXNONCYC 17. 27.
8. IDXQ30 18. 28.
9. KOMPAS100 19. 29.
10. LQ45 20. 30.


Date: 31 Jan 2020 v2.0.0

60
Current Assets 29,807,330 33,647,496 34,180,353 37,831,483 41,697,015
50
Fixed Asset 6,281,176 6,895,483 6,890,750 7,288,435 7,297,912
- - - - - - 40
Total Assets 38,010,724 42,508,277 43,141,063 46,602,420 50,902,806
Trade Payable 3,191,113 3,870,617 3,666,441 3,450,070 3,802,004 30
- - - - - -
- - - - - - 20
- - - - - -
10
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 465,272 465,272 465,272 465,272 465,272 35,680
Par Value 100 4 4 4 4

Retained earnings 10,448,143 12,625,625 12,581,976 13,730,669 14,029,964 34,175 34,113
Total Equity 32,016,060 34,175,014 34,112,985 35,358,253 35,679,730
Revenues 89,069,306 95,466,657 99,091,484 106,741,891 106,055,176
32,016
Gross Profit 21,764,389 23,854,676 24,215,842 25,490,791 26,122,981
Finance Costs -138,425 -22,324 -25,533 -30,495 -53,454
EBT 13,932,644 17,011,447 16,894,806 17,961,269 18,259,423
Tax -3,569,336 -4,249,218 -4,224,272 -4,422,851 -4,537,910
2015 2016 2017 2018 2019
106,742 106,055
Net Cash - Operating 811,163 14,076,579 15,376,315 20,193,483 17,145,967
Net Cash - Investing -4,534,423 -362,419 -381,049 333,591 -56,710 99,091
Net Cash - Financing 5,467,570 -10,376,715 -12,549,712 -12,512,372 -13,785,001 95,467
Net Increase/Decrease in C&CE 1,744,310 3,337,445 2,445,554 8,014,702 3,304,256
C&CE, end of period 1,718,738 5,056,183 7,501,737 15,516,439 18,820,695
89,069
Current Ratio (%) 6.57 5.23 5.27 4.30 3.28
DAR (x) 0.16 0.20 0.21 0.24 0.30
DER (x) 0.19 0.24 0.26 0.32 0.43
EPS (IDR) n.a. n.a. n.a. 111.96 120.77 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 33.14 17.39

BV (IDR) 6,881 294 293 304 307 Profit/Loss for the Period (Bill. Rp)
PBV (x) 13.66 352.27 16.13 12.20 6.85
ROA (%) 81.79 30.02 29.37 29.05 26.96
31,090
ROE (%) 97.11 37.34 37.14 38.29 38.46
GPM (%) 24.44 24.99 24.44 23.88 24.63
OPM (%) 15.77 16.78 16.26 15.82 16.10
NPM (%) 34.91 13.37 12.79 12.68 12.94
DPS (IDR) 2,795.00 2,225.00 107.70 107.30 117.20
13,538 13,722
DPR (%) n.a. n.a. n.a. 95.84 97.04 12,762 12,671
Dividend Yield (%) 2.97 2.15 2.28 2.89 5.58
2015 2016 2017 2018 2019

ICBP
Indofood CBP Sukses Makmur Tbk

ICBP Indofood CBP Sukses Makmur Tbk

Date: 31 Jan 2020 v2.0.0

PT Indofood CBP Sukses Makmur Tbk has a main business field of Branded Established Listing Date IPO Price (IDR) IPO Lead Underwriter
food product industry. The company's President Director and President PT Kim Eng
Commisioner are Anthoni Salim and Franciscus Welirang. The largest 02 Sep 2009 07 Oct 2010 5,395 Securities
shareholder of the company is PT INDOFOOD SUKSES MAKMUR Tbk
(80.53%). The percentage of public shareholding (<5%) is 19.47%. PT Indofood Stock Overview
CBP Sukses Makmur Tbk has 10 subsidiaries. One of the biggest subsidiaries is
Pinehill Company Limited dan Entitas Anak. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ICBP

Domestic 19,637.5 1,269.5
57% 63%
Foreign 15,120.0 737.3 D Consumer Non-Cyclicals D22 Processed Foods
43% Individual 0.24% 0.06%
37%
Others 19.64% 21.04% D2 Food & Beverage D222 Processed Foods
Year 2019 YTD 2020
Total 34,757.5 2,006.8
Fundamental & ESG
YTD 2020
26.33x 5.26x 38.51 High
D 399.7 240.8 640.5
1,011.2 -11.4
Buy

D 5,574.7 3,738.5 9,313.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ICBP Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 F - Rp137.00 17-Jun-19 18-Jun-19 04-Jul-19 2016 SS 27-Jul-16 17,900 2:1 8,950 0.500
2018 I - Rp58.00 06-Nov-18 08-Nov-18 28-Nov-18 - - - - - - -
2018 F - Rp162.00 20-Jun-18 22-Jun-18 03-Jul-18 - - - - - - -
2017 F - Rp154.00 12-Jun-17 14-Jun-17 04-Jul-17 - - - - - - -
2016 F - Rp256.00 13-Jun-16 15-Jun-16 24-Jun-16 - - - - - - -
Industry Peers

1. ICBP Indofood CBP Sukses Makmur Tbk 132,654.20 38,709,314 12,038,210 26,671,104 42,296,703 5,360,029
2. INDF Indofood Sukses Makmur Tbk 68,706.84 96,198,559 41,996,071 54,202,488 76,592,955 5,902,729
3. MYOR Mayora Indah Tbk 42,928.70 19,037,919 9,137,979 9,899,940 25,026,739 2,039,404
4. GOOD Garudafood Putra Putri Jaya Tbk 9,925.54 5,063,068 2,297,547 2,765,521 8,438,631 435,766
5. ROTI Nippon Indosari Corpindo Tbk 8,042.44 4,682,084 1,589,486 3,092,597 3,337,022 236,519
1. ICBP Indofood CBP Sukses Makmur Tbk 26.33 5.26 13.85 20.10 0.31 0.45
2. INDF Indofood Sukses Makmur Tbk 14.00 1.32 6.14 10.89 0.44 0.77
3. MYOR Mayora Indah Tbk 21.60 4.76 10.71 20.60 0.48 0.92
4. GOOD Garudafood Putra Putri Jaya Tbk 23.81 3.74 8.61 15.76 0.45 0.83
5. ROTI Nippon Indosari Corpindo Tbk 26.72 2.64 5.05 7.65 0.34 0.51


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 ICBP*
5.81%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 10,750 10,400 9,725 9,825 10,150 10,850 12,050 12,025 12,400 11,625 11,525 11,750
Lowest 10,225 9,175 8,975 9,300 9,800 10,025 10,700 11,600 11,275 10,800 11,100 11,150
Close 10,225 9,325 9,725 9,800 10,150 10,700 12,050 12,025 11,625 11,325 11,150 11,375
Adj. Close* 10,225 9,325 9,725 9,800 10,150 10,700 12,050 12,025 11,625 11,325 11,150 11,375
Growth (%) -8.80% 4.29% 0.77% 3.57% 5.42% 12.62% -0.21% -3.33% -2.58% -1.55% 2.02%
Volume (mill.) 116 153 192 120 127 97 192 85 151 136 102 87
Value (bill.) 1,213 1,501 1,763 1,153 1,277 1,013 2,204 1,007 1,761 1,543 1,159 1,003
Frequency (th.) 40 58 61 53 36 47 69 42 62 57 44 44
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Processed Foods
Lowest 11,250 13,000 8,100 8,000 8,975
Close 13,475 14,450 8,900 10,450 11,150 1. ICBP 6.3% 2.0% 5.6% 35.4% -21.6%
Adj. Close* 13,475 14,450 8,900 10,450 11,150 2. INDF 10.6% -1.3% 1.0% -1.3% 3.6%
Growth (%) 7.24% -38.41% 17.42% 6.70% 3. MYOR -22.9% -6.3% -25.6% 8.5% -92.1%
4. GOOD -17.5% -10.9% -25.3% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. ROTI 0.8% 0.0% 6.6% -17.7% -5.5%
Volume 735 1,093 1,298 1,255 1,642
Value 9,796 12,752 11,158 11,168 17,379 Note:
Index Membership

1. BISNIS-27 11. JII 21.
3. CONSUMER 13. KOMPAS100 23.
4. IDX30 14. LQ45 24.
5. IDX80 15. MANUFACTUR 25.
6. IDXG30 16. MBX 26.
8. IDXQ30 18. 28.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

45
Current Assets 13,961,500 15,571,362 16,579,331 14,121,568 16,624,925
- - - - - - 40
Fixed Asset 6,555,660 7,114,288 8,120,254 10,741,622 11,342,412 35

- - - - - - 30
Total Assets 26,560,624 28,901,948 31,619,514 34,367,153 38,709,314
25
Trade Payable 2,190,692 2,692,349 2,904,233 2,956,189 2,635,433
20
- - - - - - 15
- - - - - - 10

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 583,095 583,095 583,095 583,095 583,095
Par Value 100 100 50 50 50 22,707

Total Equity 16,386,911 18,500,823 20,324,330 22,707,150 26,671,104 18,501
16,387
Revenues 31,741,094 34,466,069 35,606,593 38,413,407 42,296,703
Gross Profit 9,619,137 10,859,314 11,058,836 12,265,550 14,404,013
Finance Costs -314,025 -178,970 -153,935 -225,568 -161,444
EBT 4,009,634 4,989,254 5,206,561 6,446,785 7,436,972
Tax -1,086,486 -1,357,953 -1,663,388 -1,788,004 -2,076,943
2015 2016 2017 2018 2019
Comprehensive Attributable 3,093,809 3,601,819 3,795,644 5,108,020 5,405,529 42,297
38,413
35,607
34,466
Net Increase/Decrease in C&CE 173,246 865,605 409,103 -4,301,606 3,732,271
C&CE, end of period 7,543,475 8,371,980 8,796,690 4,703,806 8,340,556
Current Ratio (%) 2.33 2.41 2.43 1.95 2.54
DAR (x) 0.38 0.36 0.36 0.34 0.31
DER (x) 0.62 0.56 0.56 0.51 0.45
EPS (IDR) n.a. n.a. n.a. 363.56 426.73 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 28.74 26.13

PBV (x) 4.79 9.11 5.11 5.37 4.88
ROA (%) 11.01 12.56 11.21 13.56 13.85
5,360
ROE (%) 17.84 19.63 17.43 20.52 20.10
4,659
GPM (%) 30.30 31.51 31.06 31.93 34.05
OPM (%) 12.31 14.32 15.10 15.03 17.21
3,631 3,543
NPM (%) 9.21 10.54 9.95 12.13 12.67
2,923
DPS (IDR) 222.00 256.00 154.00 220.00 137.00
DPR (%) n.a. n.a. n.a. 60.51 32.10
Dividend Yield (%) 1.65 1.77 1.73 2.11 1.23
2015 2016 2017 2018 2019

INCO
Vale Indonesia Tbk

INCO Vale Indonesia Tbk

Date: 31 Jan 2020 v2.0.0

PT Vale Indonesia Tbk has a main business field of Metal and mineral mining. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Febriany Eddy PT Danareksa
and Deshnee Naido. The largest shareholder of the company is Vale Canada 25 Jul 1968 16 May 1990 9,800 Sekuritas
Limited (43.79%). The percentage of public shareholding (<5%) is 21.18%.
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INCO

Domestic 26,124.4 1,007.2
Foreign 3,506.2 155.0 B Basic Materials B14 Metals & Minerals
Others 24.36% 13.95% B1 Basic Materials B146 Diversified Metals & Minerals
Year 2019 YTD 2020
Total 29,630.6 1,162.2
Fundamental & ESG
YTD 2020
39.23x 1.18x 62.02 Severe
D 434.1 105.6 539.7
-367.8 -72.3
Buy

D 11,563.5 1,682.5 13,246.1 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INCO Sector PER Market PER
Domestic Buy".
18.00x 17.20x

2014 I - $0.01 01-Dec-14 03-Dec-14 17-Dec-14 2008 SS 15-Jan-08 99,000 1000:100 9,900 0.100
2013 I - Rp30.14 02-Dec-13 04-Dec-13 18-Dec-13 2004 SS 03-Aug-04 34,300 4:1 8,600 0.250
2013 F - $0.00 15-May-13 17-May-13 31-May-13 - - - - - - -
2012 I - $0.00 07-Dec-12 11-Dec-12 27-Dec-12 - - - - - - -
2012 F - $0.01 15-May-12 21-May-12 01-Jun-12 - - - - - - -
Industry Peers

1. INCO Vale Indonesia Tbk 31,398.83 30,995,384 3,918,475 27,076,909 10,905,157 800,443
2. ANTM Aneka Tambang Tbk 17,302.15 30,194,908 12,061,489 18,133,419 32,718,543 193,852
3. ZINC Kapuas Prima Coal Tbk 8,989.00 1,429,301 648,343 780,958 885,111 178,832
4. TINS Timah Tbk 5,287.90 20,361,278 15,102,873 5,258,405 19,302,627 -611,284
5. BRMS Bumi Resources Minerals Tbk 3,116.12 9,942,873 2,686,958 7,255,915 62,202 17,637
1. INCO Vale Indonesia Tbk 39.23 1.18 2.58 2.96 0.13 0.14
2. ANTM Aneka Tambang Tbk 89.25 0.87 0.64 1.07 0.40 0.67
3. ZINC Kapuas Prima Coal Tbk 50.33 12.21 12.51 22.90 0.45 0.83
4. TINS Timah Tbk -8.65 0.87 -3.00 -11.62 0.74 2.87
5. BRMS Bumi Resources Minerals Tbk 173.93 0.42 0.18 0.24 0.27 0.37


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 INCO*
-16.40%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 3,980 3,890 3,570 2,970 3,150 3,180 3,550 3,970 3,830 3,650 3,640 3,620
Lowest 3,500 3,330 3,000 2,470 2,750 2,880 2,810 3,510 3,330 3,000 3,060 3,110
Close 3,740 3,390 3,050 2,700 3,120 3,030 3,530 3,510 3,710 3,000 3,640 3,160
Adj. Close* 3,740 3,390 3,050 2,700 3,120 3,030 3,530 3,510 3,710 3,000 3,640 3,160
Growth (%) -9.36% -10.03% -11.48% 15.56% -2.88% 16.50% -0.57% 5.70% -19.14% 21.33% -13.19%
Volume (mill.) 294 190 184 203 103 421 522 700 784 237 214 170
Value (bill.) 1,103 694 604 558 305 1,286 1,696 2,688 2,850 808 726 581
Frequency (th.) 61 46 40 39 30 80 79 107 122 53 52 43
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Diversified Metals & Minerals
Lowest 1,250 1,375 1,885 2,750 2,470
Close 1,635 1,445 2,890 3,260 3,640 1. INCO 4.3% -13.2% -17.9% 33.3% -8.4%
Adj. Close* 1,635 1,445 2,890 3,260 3,640 2. ANTM -23.0% -14.3% -25.4% -10.0% -32.4%
Growth (%) -11.62% 100.00% 12.80% 11.66% 3. ZINC -34.7% -9.6% 6.3% n.a. n.a.
4. TINS -31.4% -13.9% -44.7% -26.8% -39.6%
Shares Traded 2015 2016 2017 2018 2019 5. BRMS 0.0% -3.8% -3.8% -63.8% -79.5%
Volume 2,823 3,475 3,606 2,910 4,276
Value 6,858 8,321 9,303 10,068 14,815 Note:
Index Membership

2. IDX30 12. LQ45 22.
3. IDX80 13. MBX 23.
4. IDXBASIC 14. MINING 24.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 31 Jan 2020 v2.0.0

35
Current Assets 8,275,862 8,050,233 8,088,915 9,175,973 8,204,025
- - - - - - 30
Fixed Asset 22,115,948 20,592,726 20,237,853 20,860,644 20,463,758
25
- - - - - -
Total Assets 31,576,687 29,901,711 29,596,405 32,028,057 30,995,384 20
Trade Payable 1,181,263 863,585 825,615 1,325,954 1,358,355
15
Curr. Maturities - Bank Loans 499,605 489,903 497,794 531,059 -
- - - - - - 10
- - - - - -
Long-term Bank Loans 1,515,381 982,104 491,725 - - -

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 1,881,681 1,832,845 1,848,123 1,983,718 1,902,279
27,077
Par Value 25 25 25 25 25
Total Equity 25,297,603 24,649,538 24,648,784 27,393,158 27,076,909
Revenues 10,893,743 7,848,545 8,526,217 11,297,680 10,905,157
24,650 24,649
Gross Profit 1,632,603 458,504 88,794 1,512,383 1,623,951
Operating Profit/Loss 1,473,116 295,511 -64,827 1,344,015 1,432,486
Finance Costs -136,878 -122,711 - -98,726 -54,553
EBT 1,354,957 69,397 -311,875 1,201,416 1,243,002
Tax -266,597 -43,788 104,983 -321,451 -442,559
2015 2016 2017 2018 2019
Profit/Loss for the period 2,089,832 25,609 -206,892 879,966 800,443
Profit/Loss Period Attributable - 25,609 -206,892 879,966 800,443
Comprehensive Income 670,444 8,492 -206,228 935,923 808,336 Total Revenue (Bill. Rp)
Comprehensive Attributable - 8,492 -206,228 935,923 808,336 11,298
10,894 10,905
Net Cash - Operating 1,846,961 180,311 2,066,896 2,971,789 1,924,326 8,526
Net Cash - Investing -2,711,128 267,591 -1,010,870 -1,218,387 -2,316,320 7,849
Net Cash - Financing -599,225 -575,383 -565,331 -587,919 -340,132

Net Increase/Decrease in C&CE -1,463,392 -127,481 490,695 1,165,483 -732,126
C&CE, end of period 2,686,437 2,493,184 3,003,578 4,379,367 3,472,793
Current Ratio (%) 4.04 4.54 4.62 3.60 4.31
DAR (x) 0.20 0.18 0.17 0.14 0.13
DER (x) 0.25 0.21 0.20 0.17 0.14
EPS (IDR) n.a. n.a. n.a. 88.78 5.84 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 36.72 623.56

PBV (x) 0.64 0.58 1.17 1.18 1.34
ROA (%) 6.62 0.09 -0.70 2.75 2.58
ROE (%) 8.26 0.10 -0.84 3.21 2.96 2,090
GPM (%) 14.99 5.84 1.04 13.39 14.89

OPM (%) 13.52 3.77 -0.76 11.90 13.14
NPM (%) 19.18 0.33 -2.43 7.79 7.34
DPS (IDR) 0.00 0.00 0.00 0.00 0.00 880
800
DPR (%) n.a. n.a. n.a. 0.00 0.00
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00
26
-207
2015 2016 2017 2018 2019

INDF
Indofood Sukses Makmur Tbk

INDF Indofood Sukses Makmur Tbk

Date: 31 Jan 2020 v2.0.0

PT Indofood Sukses Makmur Tbk has a main business field of Food and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
beverages. The company's President Director and President Commisioner are PT Merincorp SI
Anthoni Salim and Manuel V. Pangilinan. The largest shareholder of the 14 Aug 1990 14 Jul 1994 6,200
company is FIRST PACIFIC INVESTMENT MANAGEMENT LTD (50.07%). The
percentage of public shareholding (<5%) is 49.93%. PT Indofood Sukses Stock Overview
Makmur Tbk has 20 subsidiaries. One of the biggest subsidiaries is PT Indofood
CBP Sukses Makmur Tbk. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INDF

Domestic 17,242.1 2,121.6
51% 53% Institution 67.91% 86.12%
Foreign 16,858.4 1,888.2 D Consumer Non-Cyclicals D22 Processed Foods
49% 47% Individual 0.14% 0.06%
Others 18.89% 16.76% D2 Food & Beverage D222 Processed Foods
Year 2019 YTD 2020
Total 34,100.6 4,009.8
Fundamental & ESG
YTD 2020
14.00x 1.32x 44.38 Severe
D 408.8 644.6 1,053.4
1,326.5 14.9
Buy

D 4,460.3 3,497.5 7,957.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INDF Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 F - Rp171.00 17-Jun-19 18-Jun-19 08-Jul-19 2000 SS 29-Sep-00 4,025 5:1 810 0.200
2018 I - Rp65.00 06-Nov-18 08-Nov-18 29-Nov-18 1997 RI 08-Apr-97 5,050 5:1 4,775 0.942
2018 F - Rp237.00 20-Jun-18 22-Jun-18 05-Jul-18 1996 SS 12-Aug-96 10,000 2:1 5,000 0.500
2017 F - Rp235.00 12-Jun-17 14-Jun-17 06-Jul-17 - - - - - - -
2016 F - Rp168.00 13-Jun-16 15-Jun-16 28-Jun-16 - - - - - - -
Industry Peers

1. INDF Indofood Sukses Makmur Tbk 68,706.84 96,198,559 41,996,071 54,202,488 76,592,955 5,902,729
2. ICBP Indofood CBP Sukses Makmur Tbk 132,654.20 38,709,314 12,038,210 26,671,104 42,296,703 5,360,029
3. MYOR Mayora Indah Tbk 42,928.70 19,037,919 9,137,979 9,899,940 25,026,739 2,039,404
4. GOOD Garudafood Putra Putri Jaya Tbk 9,925.54 5,063,068 2,297,547 2,765,521 8,438,631 435,766
5. ROTI Nippon Indosari Corpindo Tbk 8,042.44 4,682,084 1,589,486 3,092,597 3,337,022 236,519
1. INDF Indofood Sukses Makmur Tbk 14.00 1.32 6.14 10.89 0.44 0.77
2. ICBP Indofood CBP Sukses Makmur Tbk 26.33 5.26 13.85 20.10 0.31 0.45
3. MYOR Mayora Indah Tbk 21.60 4.76 10.71 20.60 0.48 0.92
4. GOOD Garudafood Putra Putri Jaya Tbk 23.81 3.74 8.61 15.76 0.45 0.83
5. ROTI Nippon Indosari Corpindo Tbk 26.72 2.64 5.05 7.65 0.34 0.51


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 INDF*
0.64%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 7,775 7,400 6,950 7,000 7,075 7,125 7,925 8,025 7,850 8,000 8,025 8,250
Lowest 7,075 6,375 6,175 6,000 6,900 6,675 7,050 7,500 7,375 7,700 7,625 7,825
Close 7,075 6,375 6,950 6,600 7,025 7,075 7,925 7,700 7,700 7,950 7,925 7,825
Adj. Close* 7,075 6,375 6,950 6,600 7,025 7,075 7,925 7,700 7,700 7,950 7,925 7,825
Growth (%) -9.89% 9.02% -5.04% 6.44% 0.71% 12.01% -2.84% 0.00% 3.25% -0.31% -1.26%
Volume (mill.) 190 269 291 206 143 168 244 143 186 152 139 249
Value (bill.) 1,437 1,864 1,868 1,338 1,000 1,160 1,818 1,116 1,423 1,196 1,094 2,005
Frequency (th.) 50 75 82 75 50 59 69 47 64 59 49 62
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Processed Foods
Lowest 4,680 5,300 7,300 5,525 6,000
Close 5,175 6,200 7,625 7,450 7,925 1. INDF 10.6% -1.3% 1.0% -1.3% 3.6%
Adj. Close* 5,175 6,200 7,625 7,450 7,925 2. ICBP 6.3% 2.0% 5.6% 35.4% -21.6%
Growth (%) 19.81% 22.98% -2.30% 6.38% 3. MYOR -22.9% -6.3% -25.6% 8.5% -92.1%
4. GOOD -17.5% -10.9% -25.3% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. ROTI 0.8% 0.0% 6.6% -17.7% -5.5%
Volume 2,765 3,083 2,387 6,506 2,363
Value 18,114 23,324 19,707 45,697 17,050 Note:
Index Membership

3. CONSUMER 13. JII70 23.
5. IDX30 15. LQ45 25.
7. IDXG30 17. MBX 27.
8. IDXHIDIV20 18. MNC36 28.
9. IDXNONCYC 19. SRI-KEHATI 29.
10. Investor33 20. 30.


Date: 31 Jan 2020 v2.0.0

120
Current Assets 42,816,745 28,985,443 32,515,399 33,272,618 31,403,445
100
Fixed Asset 25,096,342 25,701,913 29,787,303 42,388,236 43,072,504
- - - - - - 80
Total Assets 91,831,526 82,174,515 87,939,488 96,537,796 96,198,559
Trade Payable 3,584,904 3,537,873 4,075,987 4,028,945 4,521,883 60

Curr. Maturities - Bonds Payable - 1,999,082 - 1,998,799 - 40
- - - - - -
20
- - - - - -
Common Stocks 878,043 878,043 878,043 878,043 878,043
54,202
49,917
Par Value 100 100 100 100 100 46,757
43,122 43,941
Total Equity 43,121,593 43,941,423 46,756,724 49,916,800 54,202,488
Revenues 64,061,947 66,750,317 70,186,618 73,394,728 76,592,955
Gross Profit 17,258,058 19,428,440 19,868,522 20,212,005 22,716,361
Finance Costs -2,665,675 -1,574,152 -1,486,027 -2,022,215 -1,727,018
EBT 4,962,084 7,385,228 7,658,554 7,446,966 8,749,397
Tax -1,730,371 -2,532,747 -2,513,491 -2,485,115 -2,846,668
2015 2016 2017 2018 2019
76,593
Net Cash - Investing -5,665,905 -848,823 -6,057,774 -11,223,682 -583,826 70,187

Net Cash - Financing -140,835 -5,807,917 -155,600 48,125 -7,660,235
Net Increase/Decrease in C&CE -1,593,127 518,863 294,429 -5,239,728 5,100,433 66,750
C&CE, end of period 12,962,041 13,362,236 13,689,998 8,786,237 13,726,510 64,062
Current Ratio (%) 1.71 1.51 1.50 1.07 1.27
DAR (x) 0.53 0.47 0.47 0.48 0.44
DER (x) 1.13 0.87 0.88 0.93 0.77
EPS (IDR) n.a. n.a. n.a. 422.62 555.45 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 17.63 14.27

PBV (x) 1.05 1.24 1.43 1.31 1.28
ROA (%) 4.04 6.41 5.85 5.14 6.14
ROE (%) 8.60 11.99 11.00 9.94 10.89 5,903
GPM (%) 26.94 29.11 28.31 27.54 29.66 5,267 5,145

4,962
OPM (%) 10.73 12.39 12.20 10.80 12.44
NPM (%) 5.79 7.89 7.33 6.76 7.71 3,710
DPS (IDR) 220.00 168.00 235.00 302.00 171.00
DPR (%) n.a. n.a. n.a. 71.46 30.79
Dividend Yield (%) 4.25 2.71 3.08 4.05 2.16
2015 2016 2017 2018 2019

INKP
Indah Kiat Pulp & Paper Tbk

INKP Indah Kiat Pulp & Paper Tbk

Date: 31 Jan 2020 v2.0.0

PT Indah Kiat Pulp & Paper Tbk has a main business field of Pulp and paper. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Hendra Jaya PT Ficorinvest
Kosasih and Saleh Husin , SE, MSi. The largest shareholder of the company is 07 Dec 1976 16 Jul 1990 10,600
PT Purinusa Ekapersada (53.25%). The percentage of public shareholding (<5%)
is 46.75%. PT Indah Kiat Pulp & Paper Tbk has 12 subsidiaries. One of the Stock Overview
biggest subsidiaries is Imperial Investment Limited.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INKP

Domestic 30,820.9 1,489.6
71% 66%
Foreign 12,383.7 755.6 B Basic Materials B15 Forestry & Paper
29% 34%
Others 30.05% 61.21% B1 Basic Materials B152 Paper
Year 2019 YTD 2020
Total 43,204.7 2,245.1
Fundamental & ESG
YTD 2020
9.65x 0.66x 32.90 High
D 421.3 186.8 608.1
-1,930.1 273.4
Buy

D 11,245.2 5,130.3 16,375.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INKP Sector PER Market PER
Domestic Buy".
18.00x 17.20x

2019 F - Rp100.00 08-Jul-19 09-Jul-19 31-Jul-19 1997 RI 27-Jun-97 1,775 50:45 1,410 0.793
2018 F - Rp100.00 05-Jul-18 09-Jul-18 27-Jul-18 1996 - 26-Aug-96 2,225 0.08:0.13 1,840 0.826
2017 F - Rp30.00 20-Jun-17 22-Jun-17 14-Jul-17 1996 RI 01-Apr-96 1,825 20:5 1,710 0.937
2016 F - Rp25.00 13-Jul-16 15-Jul-16 29-Jul-16 - - - - - - -
2015 F - Rp10.00 03-Jul-15 07-Jul-15 29-Jul-15 - - - - - - -
Industry Peers

1. INKP Indah Kiat Pulp & Paper Tbk 36,929.13 118,561,087 62,701,921 55,859,166 44,946,869 3,826,369
2. TKIM Pabrik Kertas Tjiwi Kimia Tbk 28,330.33 42,704,206 23,385,877 19,318,329 14,602,061 2,322,066
3. INRU Toba Pulp Lestari Tbk 1,104.16 6,705,955 4,605,964 2,099,991 1,451,089 -271,370
4. KBRI Kertas Basuki Rachmat Indonesia 434.40 n.a. n.a. n.a. n.a. n.a.
5. SWAT Sriwahana Adityakarta Tbk 259.65 605,688 251,116 354,572 265,850 3,102
1. INKP Indah Kiat Pulp & Paper Tbk 9.65 0.66 3.23 6.85 0.53 1.12
2. TKIM Pabrik Kertas Tjiwi Kimia Tbk 12.20 1.45 5.44 12.02 0.55 1.21
3. INRU Toba Pulp Lestari Tbk -4.07 0.49 -4.05 -12.92 0.69 2.19
4. KBRI Kertas Basuki Rachmat Indonesia -12.67 3.20 n.a. n.a. n.a. n.a.
5. SWAT Sriwahana Adityakarta Tbk 83.69 0.74 0.51 0.87 0.41 0.71


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 INKP*
-46.75%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 13,100 11,250 8,575 7,750 9,975 9,450 8,100 7,225 7,575 8,375 8,200 8,300
Lowest 11,025 8,600 6,875 5,500 7,050 7,275 6,675 6,475 5,975 6,800 7,325 6,750
Close 11,025 8,600 7,400 7,750 9,375 7,475 6,850 6,475 7,275 6,800 7,700 6,750
Adj. Close* 11,025 8,600 7,400 7,750 9,375 7,475 6,850 6,475 7,275 6,800 7,700 6,750
Growth (%) -22.00% -13.95% 4.73% 20.97% -20.27% -8.36% -5.47% 12.36% -6.53% 13.24% -12.34%
Volume (mill.) 123 191 170 190 341 232 280 190 314 240 188 143
Value (bill.) 1,454 1,859 1,351 1,251 2,995 1,953 2,095 1,327 2,185 1,890 1,451 1,123
Frequency (th.) 73 115 95 95 137 150 130 76 92 98 59 60
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Paper

Highest 1,150 950 5,625 20,350 13,525 No. Code 6M YTD 1Y 3Y 5Y
Lowest 780 930 955 5,500 5,500
Close 955 935 5,400 11,550 7,700 1. INKP -9.7% -12.3% -48.1% 545.9% 519.3%
Adj. Close* 955 935 5,400 11,550 7,700 2. TKIM -24.2% -11.4% -32.5% 976.9% 983.3%
Growth (%) -2.09% 477.54% 113.89% -33.33% 3. INRU 33.6% 0.6% -9.7% 156.5% -30.9%
4. KBRI 0.0% 0.0% 0.0% 0.0% -13.8%
Shares Traded 2015 2016 2017 2018 2019 5. SWAT -25.2% -16.5% -31.2% n.a. n.a.
Volume 322 837 2,191 3,204 2,605
Value 304 811 6,688 45,563 21,602 Note:
Index Membership

1. BASIC-IND 11. IDXV30 21.
4. I-GRADE 14. JII70 24.
5. IDX30 15. KOMPAS100 25.
6. IDX80 16. LQ45 26.
7. IDXBASIC 17. MANUFACTUR 27.
8. IDXG30 18. MBX 28.


Date: 31 Jan 2020 v2.0.0

140
Current Assets 28,610,963 29,384,250 42,613,188 60,939,909 58,775,065
- - - - - - 120
Fixed Asset 59,143,941 54,328,802 51,965,481 57,202,484 50,960,803
100
- - - - - -
Total Assets 97,087,855 92,423,557 103,428,629 127,257,231 118,561,087 80
Trade Payable 3,022,086 1,497,832 1,862,593 1,893,499 2,472,602
60
- - - - - - 40
- - - - - -

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 30,195,287 29,411,619 29,656,789 31,832,671 30,525,828
54,846 55,859
Par Value 1,000 1,000 1,000 1,000 1,000
43,593
37,881
Total Equity 36,182,972 37,881,270 43,592,682 54,845,618 55,859,166 36,183
Revenues 39,096,031 36,552,275 42,377,169 48,503,983 44,946,869
Gross Profit 8,414,174 7,809,890 12,241,011 17,504,642 12,220,045
Finance Costs -1,582,586 -1,665,312 -1,748,518 -2,688,031 -2,804,744
EBT 3,170,841 1,952,385 6,192,615 10,699,349 5,548,674
Tax -98,268 771,831 -593,470 -2,145,658 -1,722,305
2015 2016 2017 2018 2019
42,377
Net Cash - Investing -3,183,090 1,143,363 -4,972,563 -10,916,418 763,196 39,096
36,552
Net Cash - Financing 1,669,419 -2,826,410 1,490,497 5,059,322 -7,830,341
Net Increase/Decrease in C&CE 709,343 520,403 5,537,460 2,061,416 249,880
C&CE, end of period 2,372,154 2,834,123 8,401,155 10,997,475 10,790,153
Current Ratio (%) 1.40 1.60 2.09 2.41 2.30
DAR (x) 0.63 0.59 0.58 0.57 0.53
DER (x) 1.68 1.44 1.37 1.32 1.12
EPS (IDR) n.a. n.a. n.a. 1,722.91 771.48 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 6.70 9.98

PBV (x) 0.14 0.14 0.68 1.15 0.75
ROA (%) 3.16 2.95 5.41 6.72 3.23 8,554
ROE (%) 8.49 7.19 12.84 15.60 6.85

GPM (%) 21.52 21.37 28.89 36.09 27.19
OPM (%) 11.54 10.55 19.27 26.80 17.39 5,599
NPM (%) 7.86 7.45 13.21 17.64 8.51
DPS (IDR) 35.00 25.00 30.00 100.00 100.00 3,826
DPR (%) n.a. n.a. n.a. 5.80 12.96 3,073
2,724
Dividend Yield (%) 3.66 2.67 0.56 0.87 1.30
2015 2016 2017 2018 2019

INTP
Indocement Tunggal Prakarsa Tbk

INTP Indocement Tunggal Prakarsa Tbk

Date: 31 Jan 2020 v2.0.0

PT Indocement Tunggal Prakarsa Tbk has a main business field of Cement Established Listing Date IPO Price (IDR) IPO Lead Underwriter
production. The company's President Director and President Commisioner are PT (Persero)
Christian Kartawijaya and Kevin Gerard Gluskie. The largest shareholder of the 16 Jan 1985 05 Dec 1989 10,000 Danareksa
company is Birchwood Omnia Ltd. (51.00%). The percentage of public
shareholding (<5%) is 44.76%. PT Indocement Tunggal Prakarsa Tbk has 24 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Dian Abadi Perkasa.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=INTP

Domestic 9,798.1 1,019.8
41%
55% Institution 74.21% 77.52%
Foreign 13,855.0 819.2 B Basic Materials B12 Construction Materials
59% Individual 0.15% 0.14%
45%
Others 19.32% 16.81% B1 Basic Materials B121 Construction Materials
Year 2019 YTD 2020
Total 23,653.2 1,839.0
Fundamental & ESG
YTD 2020
33.05x 2.71x 25.92 Medium
D 276.5 300.8 577.3
-1,186.0 -134.7
Buy

D 2,202.6 3,289.4 5,492.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- INTP Sector PER Market PER
Domestic Buy".
18.00x 17.20x

2019 F - Rp550.00 31-May-19 10-Jun-19 21-Jun-19 1996 SS 02-Sep-96 6,800 2:1 3,400 0.500
2018 F - Rp700.00 31-May-18 05-Jun-18 22-Jun-18 - - - - - - -
2017 F - Rp929.00 31-May-17 05-Jun-17 22-Jun-17 - - - - - - -
2016 F - Rp415.00 18-May-16 20-May-16 10-Jun-16 - - - - - - -
2015 F - Rp1350.00 22-May-15 26-May-15 17-Jun-15 - - - - - - -
Industry Peers

1. INTP Indocement Tunggal Prakarsa Tbk 60,648.29 27,707,749 4,627,488 23,080,261 15,939,348 1,835,305
2. SMGR Semen Indonesia (Persero) Tbk 70,881.66 79,807,067 45,915,143 33,891,924 40,368,107 2,371,233
3. SMCB Solusi Bangun Indonesia Tbk 7,662.90 19,567,498 12,584,886 6,982,612 11,057,843 499,052
4. WSBP Waskita Beton Precast Tbk 6,853.90 16,149,122 8,014,571 8,134,551 7,467,176 806,149
5. WTON Wijaya Karya Beton Tbk 3,346.74 10,337,895 6,829,449 3,508,446 7,083,384 510,712
1. INTP Indocement Tunggal Prakarsa Tbk 33.05 2.71 6.62 7.95 0.17 0.20
2. SMGR Semen Indonesia (Persero) Tbk 29.63 2.15 2.97 7.00 0.58 1.35
3. SMCB Solusi Bangun Indonesia Tbk 15.35 1.17 2.55 7.15 0.64 1.80
4. WSBP Waskita Beton Precast Tbk 8.50 0.87 4.99 9.91 0.50 0.99
5. WTON Wijaya Karya Beton Tbk 6.53 1.02 4.94 14.56 0.66 1.95


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 INTP*
-17.00%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 19,900 21,900 22,700 21,200 21,000 22,875 22,600 22,000 20,850 20,900 20,700 18,900
Lowest 17,975 18,600 20,975 17,800 19,950 20,675 20,425 18,725 17,825 19,325 19,025 16,475
Close 19,225 21,900 22,000 21,200 20,000 22,475 21,725 18,725 20,000 19,400 19,025 16,475
Adj. Close* 19,225 21,900 22,000 21,200 20,000 22,475 21,725 18,725 20,000 19,400 19,025 16,475
Growth (%) 13.91% 0.46% -3.64% -5.66% 12.38% -3.34% -13.81% 6.81% -3.00% -1.93% -13.40%
Volume (mill.) 26 43 40 70 46 59 59 59 59 36 35 50
Value (bill.) 499 855 862 1,363 924 1,290 1,267 1,188 1,152 716 695 920
Frequency (th.) 40 62 53 75 45 51 55 42 54 41 38 49
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Construction Materials
Lowest 16,300 18,225 14,625 12,875 17,150
Close 22,325 19,700 21,950 18,450 19,025 1. INTP -26.7% -13.4% -14.3% 9.7% -28.4%
Adj. Close* 22,325 19,700 21,950 18,450 19,025 2. SMGR -7.2% -0.4% -5.7% 32.4% -18.0%
Growth (%) -11.76% 11.42% -15.95% 3.12% 3. SMCB -28.6% -15.3% -49.5% 11.1% -49.1%
4. WSBP -28.6% -14.5% -32.3% -55.6% n.a.
Shares Traded 2015 2016 2017 2018 2019 5. WTON -34.4% -14.7% -5.0% -53.5% -72.0%
Volume 991 1,111 543 596 585
Value 21,198 19,124 9,862 10,403 11,827 Note:
Index Membership
No. Index Code No. Index Code No. Index Code

1. BASIC-IND 11. Investor33 21. SRI-KEHATI
2. COMPOSITE 12. ISSI 22.
3. IDX30 13. JII 23.
4. IDX80 14. JII70 24.
5. IDXBASIC 15. KOMPAS100 25.
6. IDXESGL 16. LQ45 26.
7. IDXHIDIV20 17. MANUFACTUR 27.
8. IDXQ30 18. MBX 28.


Date: 31 Jan 2020 v2.0.0

35
Current Assets 13,133,854 14,424,622 12,883,074 12,315,796 12,829,494
Investment Properties 3,700 16,981 16,404 15,907 15,410 30
Fixed Asset 13,813,892 14,643,695 14,979,453 14,637,185 14,080,158
25
- - - - - -
Total Assets 27,638,360 30,150,580 28,863,676 27,788,562 27,707,749 20
Trade Payable 1,103,303 1,518,841 1,548,844 1,759,956 1,748,776
15
- - - - - -
- - - - - - 10
- - - - - -
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 1,840,616 1,840,616 1,840,616 1,840,616 1,840,616
Par Value 500 500 500 500 500
Total Equity 23,865,950 26,138,703 24,556,507 23,221,589 23,080,261 24,557
Revenues 17,798,055 15,361,894 14,431,211 15,190,283 15,939,348 23,222

23,080
Gross Profit 7,909,136 6,331,461 5,007,721 4,369,029 5,500,317
Finance Costs -26,543 -11,823 -14,093 -18,661 -7,738
EBT 5,644,576 4,145,632 2,287,274 1,400,228 2,274,427
Tax -1,287,915 -275,313 -427,456 -254,291 -439,122
2015 2016 2017 2018 2019
17,798
15,362 15,190
Net Cash - Investing -2,696,658 -973,959 -760,688 -505,092 -1,045,966
Net Increase/Decrease in C&CE -2,640,855 1,024,942 -1,403,432 -1,099,173 458,449
C&CE, end of period 8,655,562 9,674,030 8,294,891 7,225,876 7,651,750
Current Ratio (%) 4.89 4.53 3.70 3.14 3.31
DAR (x) 0.14 0.13 0.15 0.16 0.17
DER (x) 0.16 0.15 0.18 0.20 0.20
EPS (IDR) n.a. n.a. n.a. 290.94 462.90 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 63.41 41.10

PBV (x) 3.44 2.77 3.29 2.92 3.03
ROA (%) 47.29 12.84 6.44 4.12 6.62 13,070
ROE (%) 54.76 14.81 7.57 4.93 7.95
GPM (%) 44.44 41.22 34.70 28.76 34.51
OPM (%) 28.26 23.55 13.36 6.89 12.53
NPM (%) 73.43 25.19 12.89 7.54 11.51
DPS (IDR) 1,350.00 415.00 929.00 700.00 550.00
DPR (%) n.a. n.a. n.a. 240.60 118.82
3,870
Dividend Yield (%) 6.05 2.11 4.23 3.79 2.89
1,860 1,835
Miscellaneous Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 1,146
2015 2016 2017 2018 2019

ITMG
Indo Tambangraya Megah Tbk

ITMG Indo Tambangraya Megah Tbk

Date: 31 Jan 2020 v2.0.0

PT Indo Tambangraya Megah Tbk has a main business field of Coal mining. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Mulianto and Prof. PT UBS Securities
Djisman Simandjuntak. The largest shareholder of the company is Banpu 02 Sep 1987 18 Dec 2007 14,000 Indonesia
Minerals (Singapore) Private Limited (65.14%). The percentage of public
shareholding (<5%) is 34.65%. PT Indo Tambangraya Megah Tbk has 16 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Trubaindo Coal Mining (TCM).
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=ITMG

Domestic 8,761.8 721.2
60% Institution 29.22% 33.06%
40%
Year 2019 YTD 2020
Total 14,630.0 923.2
Fundamental & ESG
YTD 2020
6.29x 0.88x 36.58 High
D 285.6 50.7 336.3
-335.2 48.6
Buy

D 2,794.9 1,753.6 4,548.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- ITMG Sector PER Market PER
Domestic Buy".
7.92x 17.20x

2019 I - Rp705.00 01-Nov-19 04-Nov-19 15-Nov-19 - - - - - - -
2019 F - Rp2045.00 04-Apr-19 05-Apr-19 23-Apr-19 - - - - - - -
2018 I - Rp1420.00 31-Oct-18 02-Nov-18 16-Nov-18 - - - - - - -
2018 F - Rp1840.00 03-Apr-18 05-Apr-18 20-Apr-18 - - - - - - -
2017 I - Rp1300.00 06-Nov-17 08-Nov-17 21-Nov-17 - - - - - - -
Industry Peers

1. ITMG Indo Tambangraya Megah Tbk 11,355.75 16,860,077 4,526,212 12,333,864 23,923,930 1,764,070
4. INDY Indika Energy Tbk 5,001.78 50,427,394 35,844,072 14,583,321 38,804,423 69,619
5. BSSR Baramulti Suksessarana Tbk 4,945.19 3,495,737 1,120,657 2,375,080 5,830,230 424,869
1. ITMG Indo Tambangraya Megah Tbk 6.29 0.88 10.46 14.30 0.27 0.37
4. INDY Indika Energy Tbk -19.75 0.33 0.14 0.48 0.71 2.46
5. BSSR Baramulti Suksessarana Tbk 11.64 2.15 12.15 17.89 0.32 0.47


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 ITMG*
-54.68%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 23,650 23,975 23,875 18,825 18,000 17,825 16,850 14,900 13,500 13,100 11,475 13,350
Lowest 20,800 21,300 19,225 16,200 16,800 16,750 12,000 12,400 12,025 10,225 10,100 10,050
Close 21,375 23,925 19,225 17,525 17,550 16,825 13,000 12,400 13,300 10,225 11,475 10,050
Adj. Close* 21,375 23,925 19,225 17,525 17,550 16,825 13,000 12,400 13,300 10,225 11,475 10,050
Growth (%) 11.93% -19.64% -8.84% 0.14% -4.13% -22.73% -4.62% 7.26% -23.12% 12.22% -12.42%
Volume (mill.) 35 45 44 29 30 26 37 29 30 36 39 38
Value (bill.) 768 1,047 919 506 509 446 504 389 392 438 418 462
Frequency (th.) 56 68 63 48 51 45 57 47 46 61 47 48
Days 19 20 19 21 15 23 22 21 23 21 19 22
Lowest 5,525 4,730 14,325 19,625 10,100
Close 5,725 4,810 20,700 20,250 11,475 1. ITMG -40.3% -12.4% -55.9% -33.0% -40.0%
Adj. Close* 5,725 4,810 20,700 20,250 11,475 2. GEMS 0.0% 0.0% 0.0% -10.8% 31.1%
Growth (%) -15.98% 330.35% -2.17% -43.33% 3. DSSA -9.3% 10.8% 1.2% 92.8% 19.2%
4. INDY -35.4% -19.7% -54.9% 23.9% 95.1%
Shares Traded 2015 2016 2017 2018 2019 5. BSSR 14.9% 3.8% -20.3% 48.8% 18.9%
Volume 446 531 424 475 424
Value 5,744 5,406 7,946 12,047 7,315 Note:
Index Membership

2. IDX80 12. LQ45 22.
4. IDXHIDIV20 14. MINING 24.
7. IDXV30 17. 27.
8. Investor33 18. 28.
9. ISSI 19. 29.
10. JII70 20. 30.


Date: 31 Jan 2020 v2.0.0

25
Current Assets 7,066,914 7,242,058 10,797,702 11,145,716 6,589,013
- - - - - -
Fixed Asset 3,511,870 3,006,923 3,014,931 3,305,309 3,107,016 20
- - - - - -
Total Assets 16,254,339 16,254,765 18,407,166 20,980,151 16,860,077 15
Trade Payable 1,663,667 1,262,473 2,072,207 2,824,464 1,084,070

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 881,326 858,453 865,609 929,117 890,974
12,981
Par Value 500 500 500 500 500 12,192 12,334
11,512
Total Equity 11,511,879 12,192,229 12,980,867 14,102,584 12,333,864
Revenues 21,924,308 18,373,703 22,889,685 29,194,955 23,923,930
Gross Profit 4,831,086 4,443,272 6,847,810 8,491,932 4,555,664
Finance Costs -15,022 -12,254 -10,744 -18,759 -20,890
EBT 1,923,518 2,579,591 4,905,121 5,342,193 2,592,487
Tax -1,053,020 -823,385 -1,481,501 -1,579,363 -828,417
2015 2016 2017 2018 2019
Profit/Loss Period Attributable 870,498 1,756,206 3,422,333 3,809,291 1,804,846
Comprehensive Attributable 889,368 1,795,815 3,381,689 3,838,274 1,830,309

23,924
Net Cash - Investing -480,307 -329,182 -1,000,181 -1,579,712 -1,337,660 22,890
21,924
Net Cash - Financing -1,579,937 -816,694 -2,696,729 -3,626,382 -2,836,692 18,374
Net Increase/Decrease in C&CE 597,404 805,354 624,590 -45,211 -2,926,888
C&CE, end of period 3,694,281 4,408,150 5,070,068 5,354,597 2,220,170
Current Ratio (%) 1.80 2.26 2.43 1.97 2.03
DAR (x) 0.29 0.25 0.29 0.33 0.27
DER (x) 0.41 0.33 0.42 0.49 0.37
EPS (IDR) n.a. n.a. n.a. 3,607.36 2,006.36 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 5.61 5.72

PBV (x) 0.56 0.45 1.80 1.62 1.05
ROA (%) 16.07 10.80 18.60 17.94 10.46 3,763
ROE (%) 22.69 14.40 26.37 26.68 14.30 3,424
GPM (%) 22.04 24.18 29.92 29.09 19.04

OPM (%) 12.18 15.25 22.97 21.52 10.52 2,611
NPM (%) 11.91 9.56 14.96 12.89 7.37

DPS (IDR) 1,397.00 494.88 2,442.86 3,260.00 2,750.00 1,756 1,764
DPR (%) n.a. n.a. n.a. 90.37 137.06
Dividend Yield (%) 24.40 10.29 11.80 16.10 23.97
2015 2016 2017 2018 2019

JPFA
Japfa Comfeed Indonesia Tbk

JPFA Japfa Comfeed Indonesia Tbk

Date: 31 Jan 2020 v2.0.0

PT Japfa Comfeed Indonesia Tbk has a main business field of Animal feed. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Handojo Santosa PT Aseam Indonesia
and Haji Syamsir Siregar. The largest shareholder of the company is Japfa Ltd 18 Jan 1971 23 Oct 1989 7,200
(55.43%). The percentage of public shareholding (<5%) is 43.66%.
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=JPFA

Domestic 22,269.3 1,293.2
63% Institution 27.81% 32.83%
74%
Foreign 13,156.7 455.8 D Consumer Non-Cyclicals D23 Agricultural Products
37%
Others 7.73% 9.14% D2 Food & Beverage D231 Fish, Meat, & Poultry
Year 2019 YTD 2020
Total 35,426.0 1,749.0
Fundamental & ESG
YTD 2020
9.96x 1.64x 41.52 Severe
D 472.6 227.6 700.3
-2,135.6 -107.3
Buy

D 8,377.1 3,825.3 12,202.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- JPFA Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 F - Rp50.00 12-Apr-19 15-Apr-19 30-Apr-19 2013 SS 19-Apr-13 9,400 5:1 1,880 0.200
2018 I - Rp50.00 06-Sep-18 10-Sep-18 24-Sep-18 - - - - - - -
2018 F - Rp50.00 13-Apr-18 17-Apr-18 23-Apr-18 - - - - - - -
2017 F - Rp50.00 19-Apr-17 18-Apr-17 05-May-17 - - - - - - -
2016 F - Rp15.00 12-Apr-16 14-Apr-16 27-Apr-16 - - - - - - -
Industry Peers

1. JPFA Japfa Comfeed Indonesia Tbk 17,589.86 26,650,895 14,754,081 11,896,814 38,872,084 1,883,857
2. CPIN Charoen Pokphand Indonesia Tbk 109,046.70 29,353,041 8,281,441 21,071,600 58,634,502 3,632,174
3. CPRO Central Proteina Prima Tbk 2,978.62 6,000,259 5,670,767 329,492 7,175,764 -348,863
4. MAIN Malindo Feedmill Tbk 2,003.68 4,648,577 2,619,935 2,028,642 7,454,920 152,425
5. SIPD Sreeya Sewu Indonesia Tbk 1,325.71 2,470,793 1,554,580 916,213 4,105,991 79,776
1. JPFA Japfa Comfeed Indonesia Tbk 9.96 1.64 7.07 15.83 0.55 1.24
2. CPIN Charoen Pokphand Indonesia Tbk 30.00 5.44 12.37 17.24 0.28 0.39
3. CPRO Central Proteina Prima Tbk -8.53 7.96 -5.81 -105.88 0.95 17.21
4. MAIN Malindo Feedmill Tbk 13.14 0.98 3.28 7.51 0.56 1.29
5. SIPD Sreeya Sewu Indonesia Tbk 16.62 1.47 3.23 8.71 0.63 1.70


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 JPFA*
-49.15%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 3,020 2,400 1,850 1,570 1,605 1,730 1,630 1,650 1,825 1,755 1,685 1,715
Lowest 2,220 1,755 1,540 1,300 1,410 1,535 1,500 1,460 1,500 1,600 1,535 1,490
Close 2,240 1,755 1,560 1,500 1,550 1,600 1,575 1,580 1,720 1,665 1,535 1,500
Adj. Close* 2,240 1,755 1,560 1,500 1,550 1,600 1,575 1,580 1,720 1,665 1,535 1,500
Growth (%) -21.65% -11.11% -3.85% 3.33% 3.23% -1.56% 0.32% 8.86% -3.20% -7.81% -2.28%
Volume (mill.) 1,172 1,564 1,142 770 670 880 461 826 910 659 312 538
Value (bill.) 2,758 3,387 1,973 1,116 1,020 1,450 728 1,295 1,509 1,079 497 875
Frequency (th.) 121 173 202 139 108 134 89 85 103 73 60 82
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Fish, Meat, & Poultry
Lowest 297 575 1,075 1,335 1,300
Close 635 735 1,300 2,150 1,535 1. JPFA -6.3% -2.3% -48.8% -14.5% 68.5%
Adj. Close* 635 735 1,300 2,150 1,535 2. CPIN 23.7% 2.3% -10.1% 114.5% 68.1%
Growth (%) 15.75% 76.87% 65.38% -28.60% 3. CPRO 0.0% 0.0% 0.0% 0.0% -57.3%
4. MAIN -19.4% -10.9% -49.1% -23.5% -58.9%
Shares Traded 2015 2016 2017 2018 2019 5. SIPD 4.2% 16.5% -2.0% 51.1% 1880.0%
Volume 1,405 2,924 2,394 1,815 9,727
Value 916 3,301 3,115 3,529 17,713 Note:
Index Membership

1. BASIC-IND 11. JII70 21.
3. IDX30 13. LQ45 23.
5. IDXNONCYC 15. MBX 25.
8. IDXV30 18. 28.
9. ISSI 19. 29.
10. JII 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash & Cash Equivalents 901,207 2,701,265 1,642,106 1,086,970 1,004,280
30
Current Assets 9,604,154 11,061,008 11,189,325 12,415,809 12,873,148
25
Fixed Asset 6,808,971 7,512,091 8,346,029 7,951,910 10,707,724
- - - - - - 20
Total Assets 17,159,466 19,251,026 21,088,870 23,038,028 26,650,895
Trade Payable 2,745,839 2,316,970 3,216,003 3,449,238 2,765,968 15
Curr. Maturities - Bank Loans 201,122 - - 51,975 241,668

Curr. Maturities - Bonds Payable - 1,500,000 - 846,742 - 10
- - - - - -
5
Long-term Bank Loans 510,246 - - 179,084 1,107,169 -
- - - - - -
Common Stocks 1,666,250 1,816,250 1,816,250 1,879,461 1,879,461
- - - - - -
10,215
9,796
Total Equity 6,109,692 9,372,964 9,795,628 10,214,809 11,896,814
Revenues 25,022,913 27,063,310 29,602,688 34,012,965 38,872,084
Gross Profit 3,993,001 5,478,898 5,030,946 7,208,387 7,871,850
Finance Costs -681,060 -510,465 -568,980 -793,467 -810,237
EBT 697,677 2,766,591 1,740,595 3,089,839 2,584,420
Tax -173,193 -594,983 -632,785 -836,638 -700,563
2015 2016 2017 2018 2019
Profit/Loss Period Attributable 468,230 2,064,650 997,352 2,167,961 1,765,178
Comprehensive Attributable 857,195 2,688,837 928,888 2,342,952 1,736,543
38,872
34,013
Net Cash - Operating 1,452,924 2,753,605 770,662 1,840,529 1,891,217
Net Cash - Investing -681,618 -497,535 -1,364,166 -2,209,240 -3,148,118 29,603
27,063
Net Cash - Financing -666,855 -446,607 -467,181 -227,875 1,128,393 25,023
Net Increase/Decrease in C&CE 104,451 1,809,463 -1,060,685 -596,586 -128,508

C&CE, end of period 901,207 2,701,265 1,642,106 1,086,970 1,004,280
Current Ratio (%) 1.79 2.13 2.35 1.80 1.66
DAR (x) 0.64 0.51 0.54 0.56 0.55
DER (x) 1.81 1.05 1.15 1.26 1.24
EPS (IDR) n.a. n.a. n.a. 155.17 131.24 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 13.86 11.70

BV (IDR) 573 821 858 871 1,015 Profit/Loss for the Period (Bill. Rp)
PBV (x) 1.11 0.89 1.51 2.47 1.51
ROA (%) 8.84 11.28 5.25 9.78 7.07
2,253
2,172
ROE (%) 24.83 23.17 11.31 22.06 15.83
GPM (%) 15.96 20.24 16.99 21.19 20.25 1,884
OPM (%) 6.91 10.79 7.33 10.95 8.07

1,517
NPM (%) 6.06 8.02 3.74 6.62 4.85
DPS (IDR) 0.00 15.00 50.00 100.00 50.00 1,108
DPR (%) n.a. n.a. n.a. 64.45 38.10
Dividend Yield (%) 0.00 2.04 3.85 4.65 3.26
2015 2016 2017 2018 2019

JSMR
Jasa Marga (Persero) Tbk

JSMR Jasa Marga (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Jasa Marga (Persero) Tbk has a main business field of Toll road services Established Listing Date IPO Price (IDR) IPO Lead Underwriter
business. The company's President Director and President Commisioner are PT Danareksa
Subakti Syukur and Yuswanda Arsyad Tumenggung. The largest shareholder of 01 Mar 1978 12 Nov 2007 1,700 Sekuritas
the company is Republic of Indonesia (70.00%). The percentage of public
shareholding (<5%) is 30.00%. PT Jasa Marga (Persero) Tbk has 19 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Jasamarga Jalanlayang
Cikampek (JJC). Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=JSMR

Domestic 11,188.2 690.9
64%
Foreign 6,352.7 156.2 J Infrastructures J11 Transport Infrastructure Operator
36%
Others 17.87% 23.98% J1 Transportation Infrastructure J112 Highways & Railtracks
Year 2019 YTD 2020
Total 17,540.9 847.1
Fundamental & ESG
YTD 2020
15.13x 1.50x 11.45 Low
D 280.4 62.5 342.9
-1,142.8 5.1
Buy

D 3,644.7 2,520.8 6,165.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- JSMR Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2019 F - Rp45.52 15-May-19 16-May-19 28-May-19 2016 RI 28-Nov-16 4,050 500000:33667 4,040 0.998
2018 F - Rp60.63 18-Apr-18 20-Apr-18 11-May-18 - - - - - - -
2017 F - Rp78.09 23-Mar-17 27-Mar-17 13-Apr-17 - - - - - - -
2016 F - Rp43.13 07-Apr-16 11-Apr-16 29-Apr-16 - - - - - - -
2015 F - Rp72.24 26-Mar-15 30-Mar-15 17-Apr-15 - - - - - - -
Industry Peers

1. JSMR Jasa Marga (Persero) Tbk 33,386.21 99,679,570 76,493,833 23,185,737 26,345,260 2,073,888
2. CMNP Citra Marga Nusaphala Persada Tbk 7,241.66 15,453,515 7,537,089 7,916,426 3,527,914 689,853
3. GMFI Garuda Maintenance Facility Aero 3,190.39 10,547,865 6,848,600 3,699,264 7,244,211 -41,675
4. META Nusantara Infrastructure Tbk 3,187.93 5,077,400 1,883,613 3,193,787 1,573,690 205,367
5. PORT Nusantara Pelabuhan Handal Tbk 1,660.23 2,223,673 1,200,411 1,023,261 1,433,850 -9,547
1. JSMR Jasa Marga (Persero) Tbk 15.13 1.50 2.08 8.94 0.77 3.30
2. CMNP Citra Marga Nusaphala Persada Tbk 9.55 0.98 4.46 8.71 0.49 0.95
3. GMFI Garuda Maintenance Facility Aero -71.81 0.67 -0.40 -1.13 0.65 1.85
4. META Nusantara Infrastructure Tbk 22.17 1.00 4.04 6.43 0.37 0.59
5. PORT Nusantara Pelabuhan Handal Tbk 125.85 1.78 -0.43 -0.93 0.54 1.17


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 JSMR*
-6.31%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 5,250 5,975 6,175 6,000 6,050 6,225 5,875 5,775 5,800 5,475 5,375 5,250
Lowest 4,820 5,000 5,900 5,025 5,675 5,525 5,350 5,325 5,275 4,590 5,025 4,600
Close 5,225 5,975 6,100 5,700 5,725 6,000 5,600 5,700 5,450 4,940 5,175 4,600
Adj. Close* 5,225 5,975 6,100 5,700 5,725 6,000 5,600 5,700 5,450 4,940 5,175 4,600
Growth (%) 14.35% 2.09% -6.56% 0.44% 4.80% -6.67% 1.79% -4.39% -9.36% 4.76% -11.11%
Volume (mill.) 147 154 151 139 212 138 103 64 87 127 78 85
Value (bill.) 743 843 916 766 1,231 808 583 357 486 643 407 424
Frequency (th.) 46 50 45 53 36 42 36 30 37 55 38 39
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Highways & Railtracks
Lowest 4,500 5,025 4,150 3,820 4,290
Close 5,225 5,750 6,400 4,280 5,175 1. JSMR -23.3% -11.1% -6.5% 9.0% -36.1%
Adj. Close* 5,225 5,750 6,400 4,280 5,175 2. CMNP 47.1% 7.8% 48.7% 33.3% -2.4%
Growth (%) 10.05% 11.30% -33.13% 20.91% 3. GMFI -46.7% -34.3% -58.5% n.a. n.a.
4. META -5.3% -18.2% -16.7% 40.1% -4.1%
Shares Traded 2015 2016 2017 2018 2019 5. PORT -8.5% 16.8% 5.4% n.a. n.a.
Volume 1,720 2,184 2,145 1,706 1,604
Value 10,211 10,983 11,579 8,290 8,770 Note:
Index Membership

1. COMPOSITE 11. Investor33 21.
3. IDX80 13. LQ45 23.
7. IDXINFRA 17. 27.


Date: 31 Jan 2020 v2.0.0

- - - - - - Total Asset & Liabilities (Bill. Rp)
120
Current Assets 3,729,047 12,965,884 18,987,065 11,813,856 11,612,566
100
Fixed Asset 913,843 884,666 1,035,922 754,806 714,282
- - - - - - 80
Total Assets 36,724,982 53,500,323 79,192,773 82,418,601 99,679,570
Trade Payable 137,466 134,772 350,924 321,811 404,235 60
Curr. Maturities - Bank Loans 1,121,696 342,090 557,795 3,063,767 4,358,542

Curr. Maturities - Bonds Payable 1,477,377 1,500,000 1,000,000 1,000,000 5,175,997 40
- - - - - -
20
- - - - - -
Common Stocks 3,400,000 3,628,936 3,628,936 3,628,936 3,628,936
23,186
20,199
Par Value 500 500 500 500 500
18,359
16,339
Total Equity 12,368,664 16,338,840 18,359,440 20,198,986 23,185,737
12,369
Revenues 9,338,589 8,832,348 8,921,667 9,784,489 26,345,260
Gross Profit - - - - 6,444,643
Operating Profit/Loss - - - - 4,966,120
Finance Costs -1,405,043 -1,509,003 -1,268,870 -1,839,660 -2,433,684
EBT 2,068,304 2,649,679 3,250,452 3,210,307 3,097,603
Tax -749,104 -846,625 -1,156,796 -1,173,816 -1,023,715
2015 2016 2017 2018 2019
26,345
Net Cash - Operating 1,713,543 2,245,043 4,356,186 909,813 3,404,523
Net Cash - Financing 2,331,849 12,460,972 11,185,413 6,214,162 10,983,412
Net Increase/Decrease in C&CE 32,437 801,665 2,863,261 -54,689 -1,526,609
C&CE, end of period 3,323,221 4,124,886 6,873,021 5,942,954 4,341,601 9,784
9,339 8,832 8,922
Current Ratio (%) 0.48 0.70 0.76 0.38 0.28
DAR (x) 0.66 0.69 0.77 0.75 0.77
DER (x) 1.97 2.27 3.31 3.08 3.30
EPS (IDR) n.a. n.a. n.a. 248.51 303.04 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 17.22 17.08

PBV (x) 2.87 2.55 2.53 1.54 1.62
ROA (%) 11.18 3.37 2.64 2.47 2.08 4,105
ROE (%) 33.19 11.04 11.40 10.08 8.94
GPM (%) n.a. n.a. n.a. n.a. 24.46
OPM (%) 0.00 0.00 0.00 0.00 18.85
NPM (%) 43.96 20.41 23.47 20.81 7.87
DPS (IDR) 72.24 43.13 78.09 60.63 45.52 2,094 2,036 2,074
1,803
DPR (%) n.a. n.a. n.a. 24.40 15.02
Dividend Yield (%) 1.38 0.75 1.22 1.42 0.88
2015 2016 2017 2018 2019

KLBF
Kalbe Farma Tbk

KLBF Kalbe Farma Tbk

Date: 31 Jan 2020 v2.0.0

PT Kalbe Farma Tbk has a main business field of Pharmacy. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Vidjongtius and Bernadette PT Merincorp SI
Ruth Irawati Setaidy . The largest shareholder of the company is Public (<5%) 10 Sep 1966 30 Jul 1991 7,800
(41.92%).
Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=KLBF

Domestic 9,595.5 702.9
42%
57% Institution 85.10% 83.65%
Foreign 13,034.1 540.5 F Healthcare F21 Pharmaceuticals
58% Individual 0.05% 0.04%
43%
Others 14.43% 25.78% F2 Pharmaceuticals & Health Care F211 Pharmaceuticals
Year 2019 YTD 2020 Research
Total 22,629.6 1,243.4
Fundamental & ESG
YTD 2020
26.74x 4.15x 33.26 High
D 201.0 195.2 396.2
-1,437.4 -89.4
Buy

D 2,192.1 3,324.4 5,516.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- KLBF Sector PER Market PER
Domestic Buy".
15.24x 17.20x

2019 F - Rp26.00 10-Jun-19 11-Jun-19 21-Jun-19 2012 SS 08-Oct-12 4,800 5:1 960 0.200
2018 F - Rp25.00 22-Jun-18 26-Jun-18 06-Jul-18 2004 SS 02-Jan-04 1,000 2:1 500 0.500
2017 F - Rp22.00 13-Jun-17 15-Jun-17 07-Jul-17 2000 BS 13-Nov-00 600 100:88 320 0.532
2016 F - Rp19.00 08-Jun-16 10-Jun-16 30-Jun-16 1999 SS 24-Sep-99 3,000 500:100 600 0.200
2015 F - Rp19.00 26-May-15 28-May-15 17-Jun-15 1996 SS 07-Oct-96 5,500 2:1 2,750 0.500
Industry Peers

1. KLBF Kalbe Farma Tbk 67,031.42 20,264,727 3,559,144 16,705,582 22,633,476 2,537,602
2. SIDO Industri Jamu dan Farmasi Sido 17,925.00 3,536,898 472,191 3,064,707 3,067,434 807,689
3. TSPC Tempo Scan Pacific Tbk 5,827.50 8,372,770 2,581,734 5,791,036 10,993,842 595,155
4. KAEF Kimia Farma Tbk 5,554.00 18,352,877 10,939,950 7,412,927 9,400,535 15,890
5. INAF Indofarma Tbk 2,603.38 1,383,935 879,000 504,935 1,359,175 7,962
1. KLBF Kalbe Farma Tbk 26.74 4.15 12.52 15.19 0.18 0.21
2. SIDO Industri Jamu dan Farmasi Sido 22.19 5.65 22.84 26.35 0.13 0.15
3. TSPC Tempo Scan Pacific Tbk 10.51 1.02 7.11 10.28 0.31 0.45
4. KAEF Kimia Farma Tbk -436.50 0.70 0.09 0.21 0.60 1.48
5. INAF Indofarma Tbk 327.02 5.64 0.58 1.58 0.64 1.74


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 KLBF*
-11.46%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Healthcare
Highest 1,615 1,555 1,545 1,510 1,495 1,490 1,690 1,690 1,675 1,625 1,635 1,665
Lowest 1,495 1,505 1,470 1,260 1,400 1,370 1,385 1,650 1,570 1,485 1,565 1,430
Close 1,495 1,520 1,545 1,405 1,460 1,470 1,690 1,675 1,595 1,525 1,620 1,430
Adj. Close* 1,495 1,520 1,545 1,405 1,460 1,470 1,690 1,675 1,595 1,525 1,620 1,430
Growth (%) 1.67% 1.64% -9.06% 3.91% 0.68% 14.97% -0.89% -4.78% -4.39% 6.23% -11.73%
Volume (mill.) 773 389 546 633 368 727 1,063 836 594 501 423 396
Value (bill.) 1,202 590 823 885 535 1,054 1,645 1,393 971 772 675 622
Frequency (th.) 45 44 42 67 39 50 64 39 43 46 49 61
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Pharmaceuticals

Lowest 1,185 1,275 1,450 1,155 1,260
Close 1,320 1,335 1,690 1,520 1,620 1. KLBF -2.7% -11.7% -10.6% -1.4% -23.3%
Adj. Close* 1,320 1,335 1,690 1,520 1,620 2. SIDO 18.3% -6.3% 45.7% 113.4% 305.1%
Growth (%) 1.14% 26.59% -10.06% 6.58% 3. TSPC -17.5% -7.2% -15.1% -30.4% -51.1%
4. KAEF -68.8% -20.0% -66.1% -51.0% -25.4%
Shares Traded 2015 2016 2017 2018 2019 5. INAF -61.8% -3.4% -83.2% -64.1% 192.7%
Volume 12,168 12,520 7,595 7,523 7,334
Value 19,698 18,398 11,953 10,845 11,315 Note:
Frequency 1,080 934 531 665 591 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

4. IDX30 14. KOMPAS100 24.
5. IDX80 15. LQ45 25.
6. IDXG30 16. MANUFACTUR 26.
7. IDXHEALTH 17. MBX 27.
8. IDXHIDIV20 18. MNC36 28.
9. IDXQ30 19. SRI-KEHATI 29.
10. Investor33 20. 30.


Date: 31 Jan 2020 v2.0.0

25
Current Assets 8,748,492 9,572,530 10,043,951 10,648,288 11,222,491
- - - - - -
Fixed Asset 3,938,494 4,555,756 5,342,660 6,252,801 7,666,315 20
- - - - - -
Total Assets 13,696,417 15,226,009 16,616,239 18,146,206 20,264,727 15
Trade Payable 1,068,666 1,127,307 1,108,551 1,289,898 1,215,860

- - - - - - 10
- - - - - -
- - - - - - 5
Long-term Bank Loans 127,727 132,241 144,338 259,831 647,647 -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 468,751 468,751 468,751 468,751 468,751
16,706
Par Value 10 10 10 10 10 13,894
Total Equity 10,938,286 12,463,847 13,894,032 15,294,595 16,705,582 10,938
Revenues 17,887,464 19,374,231 20,182,120 21,074,306 22,633,476
Gross Profit 8,591,577 9,487,968 9,812,283 9,847,926 10,243,468
Finance Costs -23,918 -28,149 -36,392 -29,738 -40,420
EBT 2,720,881 3,091,188 3,241,187 3,306,400 3,402,617
Tax -663,187 -740,304 -787,935 -809,138 -865,015
2015 2016 2017 2018 2019
22,633
20,182
19,374
Net Cash - Investing -801,461 -1,014,923 -1,113,563 -1,289,829 -1,900,541
Net Cash - Financing -861,498 -941,396 -976,387 -1,139,658 -706,915
Net Increase/Decrease in C&CE 794,037 203,515 -81,634 341,290 -104,488
C&CE, end of period 2,657,575 2,853,905 2,780,931 3,149,173 2,992,849
Current Ratio (%) 3.70 4.13 4.51 4.66 4.35
DAR (x) 0.20 0.18 0.16 0.16 0.18
DER (x) 0.25 0.22 0.20 0.19 0.21
EPS (IDR) n.a. n.a. n.a. 51.81 54.79 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 29.34 29.57

PBV (x) 5.66 5.02 5.70 4.66 4.55
ROA (%) 15.02 15.44 14.76 13.76 12.52
ROE (%) 18.81 18.86 17.66 16.33 15.19 2,453 2,497 2,538
2,351
GPM (%) 48.03 48.97 48.62 46.73 45.26
2,058
OPM (%) 14.80 15.78 17.11 16.88 15.89
NPM (%) 11.50 12.13 12.16 11.85 11.21
DPS (IDR) 19.00 19.00 22.00 25.00 26.00
DPR (%) n.a. n.a. n.a. 48.25 47.46
Dividend Yield (%) 1.44 1.42 1.30 1.64 1.60
2015 2016 2017 2018 2019

LPPF
Matahari Department Store Tbk

LPPF Matahari Department Store Tbk

Date: 31 Jan 2020 v2.0.0

PT Matahari Department Store Tbk has a main business field of Retail trading. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Bunjamin PT Aseam Indonesia
Jonatan Mailool and Monish Manohar Mansukhani. The largest shareholder of 01 Apr 1982 10 Oct 1989 7,900
the company is Public (<5%) (39.66%). PT Matahari Department Store Tbk has
2 subsidiaries. One of the biggest subsidiaries is PT Matahari Nusantara Logistik. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=LPPF

Domestic 12,862.5 1,163.8
49% 55% Institution 33.13% 59.08%
Foreign 13,519.6 953.0 E Consumer Cyclicals E73 Department Stores
51% 45% Individual 0.69% 0.71%
Others 24.08% 29.42% E7 Retailing E731 Department Stores
Year 2019 YTD 2020
Total 26,382.1 2,116.8
Fundamental & ESG
YTD 2020
6.03x 4.91x 17.63 Low
D 281.9 483.6 765.5
-1,721.9 -367.1
Buy

D 3,576.7 3,715.4 7,292.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- LPPF Sector PER Market PER
Domestic Buy".
19.84x 17.20x

2019 F - Rp333.20 08-May-19 09-May-19 29-May-19 2009 RI 10-Nov-09 250 1:10 168 0.673
2018 F - Rp457.50 08-May-18 11-May-18 30-May-18 2009 RS 09-Nov-09 50 1:5 250 5.000
2017 F - Rp484.60 05-May-17 09-May-17 26-May-17 2001 RI 06-Jul-01 170 1:42 105 0.598
2016 F - Rp427.30 03-Jun-16 07-Jun-16 29-Jun-16 - - - - - - -
2015 F - Rp291.80 08-Jun-15 10-Jun-15 01-Jul-15 - - - - - - -
Industry Peers

1. LPPF Matahari Department Store Tbk 8,246.36 4,832,910 3,086,283 1,746,627 10,276,431 1,366,884
4. RALS Ramayana Lestari Sentosa Tbk 7,592.72 5,649,823 1,480,893 4,168,930 5,596,398 647,898
5. BOGA Bintang Oto Global Tbk 5,971.54 579,936 152,458 427,478 790,812 9,765
1. LPPF Matahari Department Store Tbk 6.03 4.91 28.28 78.26 0.64 1.77
4. RALS Ramayana Lestari Sentosa Tbk 11.72 1.84 11.47 15.54 0.26 0.36
5. BOGA Bintang Oto Global Tbk 612.36 14.09 1.68 2.28 0.26 0.36


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 LPPF*
-57.08%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 7,000 5,950 4,370 4,090 3,750 3,840 3,540 3,430 4,250 3,700 4,370 4,280
Lowest 5,550 3,450 3,590 3,630 3,330 3,250 3,000 3,000 3,520 3,490 3,570 2,940
Close 5,750 4,090 4,070 3,750 3,450 3,730 3,020 3,430 3,640 3,530 4,210 2,940
Adj. Close* 5,750 4,090 4,070 3,750 3,450 3,730 3,020 3,430 3,640 3,530 4,210 2,940
Growth (%) -28.87% -0.49% -7.86% -8.00% 8.12% -19.03% 13.58% 6.12% -3.02% 19.26% -30.17%
Volume (mill.) 125 720 291 318 285 264 185 158 351 193 247 258
Value (bill.) 781 2,818 1,140 1,214 1,015 932 599 492 1,369 695 978 1,058
Frequency (th.) 60 184 98 73 58 79 59 45 90 50 52 59
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Department Stores
Lowest 14,200 15,900 9,650 4,300 3,000
Close 17,600 16,000 10,000 5,600 4,210 1. LPPF -21.2% -30.2% -58.0% -80.1% -81.1%
Adj. Close* 17,600 16,000 10,000 5,600 4,210 2. TRIO 0.0% 0.0% 63.8% -78.7% -73.2%
Growth (%) -9.09% -37.50% -44.00% -24.82% 3. SLIS n.a. 12.4% n.a. n.a. n.a.
4. RALS -20.4% 0.5% -31.8% -20.1% 30.5%
Shares Traded 2015 2016 2017 2018 2019 5. BOGA 130.9% 18.0% 129.2% 313.2% n.a.
Volume 1,775 2,118 2,358 2,543 3,319
Value 28,863 37,377 29,147 17,683 13,191 Note:
Frequency 806 1,001 858 916 918 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. COMPOSITE 11. TRADE 21.
2. IDXCYCLIC 12. 22.
3. IDXHIDIV20 13. 23.
6. ISSI 16. 26.
7. JII70 17. 27.
8. KOMPAS100 18. 28.
9. MBX 19. 29.
10. PEFINDO25 20. 30.


Date: 31 Jan 2020 v2.0.0

6
Current Assets 2,272,941 2,974,052 2,973,749 3,014,408 2,748,781
- - - - - -
5
Fixed Asset 876,566 979,858 973,698 1,249,153 1,433,305
- - - - - - 4
Total Assets 3,889,291 4,858,878 5,427,426 5,036,396 4,832,910
Trade Payable 1,551,619 1,662,533 1,644,581 1,698,142 1,470,488 3
- - - - - -
- - - - - - 2
- - - - - -
1
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 386,794 386,794 386,794 386,794 325,040
2,328
- - - - - -
1,855 1,816
Total Equity 1,106,167 1,855,243 2,327,985 1,815,828 1,746,627
Revenues 9,006,893 9,897,046 10,023,961 10,245,173 10,276,431
Gross Profit 5,671,255 6,211,767 6,261,940 6,378,069 6,156,348
Finance Costs -123,660 -31,781 -18,273 -31,182 -56,958
EBT 2,244,821 2,532,666 2,396,300 1,575,321 1,763,009
Tax -463,973 -512,961 -489,223 -477,989 -396,125
2015 2016 2017 2018 2019
10,245 10,276
9,897
Net Cash - Investing -463,107 -506,621 -914,097 -689,069 -456,809
Net Increase/Decrease in C&CE 160,763 766,186 -130,027 -398,737 -11,574
9,007
C&CE, end of period 946,658 946,658 1,582,817 1,184,080 1,172,506
Current Ratio (%) 0.93 1.15 1.14 1.10 1.06
DAR (x) 0.72 0.62 0.57 0.64 0.64
DER (x) 2.52 1.62 1.33 1.77 1.77
EPS (IDR) n.a. n.a. n.a. 650.43 280.97 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 8.61 14.98

PBV (x) 46.43 25.16 12.53 9.00 6.76
ROA (%) 137.37 41.57 35.14 21.79 28.28
5,343
ROE (%) 482.98 108.86 81.92 60.43 78.26
GPM (%) 62.97 62.76 62.47 62.25 59.91
OPM (%) 25.86 25.54 24.03 22.74 17.18
NPM (%) 59.32 20.41 19.03 10.71 13.30
DPS (IDR) 291.80 427.30 484.60 457.50 333.20
DPR (%) n.a. n.a. n.a. 70.34 118.59 2,020 1,907
Dividend Yield (%) 1.66 2.67 4.85 8.17 7.91 1,367
1,097
2015 2016 2017 2018 2019

MNCN
Media Nusantara Citra Tbk

MNCN Media Nusantara Citra Tbk

Date: 31 Jan 2020 v2.0.0

PT Media Nusantara Citra Tbk has a main business field of General trade, Established Listing Date IPO Price (IDR) IPO Lead Underwriter
development, industry, agriculture, transportation, printing, multimedia via Bhakti Securities
satellite and other telecommunications equipment, services and industry. The 17 Jun 1997 22 Jun 2007 900
company's President Director and President Commisioner are Noersing and Hary
Tanoesoedibjo. The largest shareholder of the company is PT Global Mediacom Stock Overview
Tbk (52.67%). The percentage of public shareholding (<5%) is 47.33%. PT
Media Nusantara Citra Tbk has 61 subsidiaries. One of the biggest subsidiaries Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=MNCN

Domestic 17,058.2 1,071.0
61% 56% Institution 24.96% 40.94%
Foreign 11,078.7 841.4 E Consumer Cyclicals E61 Media
44% Individual 1.15% 0.41%
39%
Others 36.34% 42.53% E6 Media & Entertainment E612 Broadcasting
Year 2019 YTD 2020
Total 28,136.9 1,912.4
Fundamental & ESG
YTD 2020
10.16x 1.90x 18.49 Low
D 300.5 269.9 570.3
-296.2 -69.7
Buy

D 5,547.7 3,129.6 8,677.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- MNCN Sector PER Market PER
Domestic Buy".
19.84x 17.20x

2019 F - Rp15.00 03-Jul-19 04-Jul-19 26-Jul-19 - - - - - - -
2018 F - Rp15.00 04-Jul-18 06-Jul-18 25-Jul-18 - - - - - - -
2017 F - Rp42.00 10-Jul-17 12-Jul-17 02-Aug-17 - - - - - - -
2015 F - Rp63.00 28-May-15 01-Jun-15 17-Jun-15 - - - - - - -
2014 F - Rp35.00 15-Oct-14 17-Oct-14 31-Oct-14 - - - - - - -
Industry Peers

1. MNCN Media Nusantara Citra Tbk 22,699.00 17,836,430 5,310,928 12,525,502 8,353,365 2,352,529
2. SCMA Surya Citra Media Tbk 21,275.53 6,716,724 1,228,126 5,488,599 5,523,362 1,051,165
3. MDIA Intermedia Capital Tbk 1,960.78 6,062,090 3,574,948 2,487,142 1,496,914 68,840
4. MARI Mahaka Radio Integra Tbk 945.48 355,136 107,852 247,284 149,903 32,026
5. VIVA Visi Media Asia Tbk 823.21 8,567,654 7,419,666 1,147,987 2,117,782 -540,883
1. MNCN Media Nusantara Citra Tbk 10.16 1.90 13.19 18.78 0.30 0.42
2. SCMA Surya Citra Media Tbk 19.88 3.67 15.65 19.15 0.18 0.22
3. MDIA Intermedia Capital Tbk 30.38 0.79 1.14 2.77 0.59 1.44
4. MARI Mahaka Radio Integra Tbk 27.73 3.96 9.02 12.95 0.30 0.44
5. VIVA Visi Media Asia Tbk -1.49 0.62 -6.31 -47.12 0.87 6.46


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 MNCN*
88.17%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 995 945 960 1,140 1,300 1,450 1,390 1,320 1,345 1,530 1,675 1,750
Lowest 825 740 750 885 975 1,090 1,240 1,235 1,235 1,250 1,280 1,570
Close 935 750 940 1,140 1,040 1,375 1,240 1,235 1,315 1,250 1,630 1,590
Adj. Close* 935 750 940 1,140 1,040 1,375 1,240 1,235 1,315 1,250 1,630 1,590
Growth (%) -19.79% 25.33% 21.28% -8.77% 32.21% -9.82% -0.40% 6.48% -4.94% 30.40% -2.45%
Volume (mill.) 822 551 649 1,458 1,729 1,977 916 829 664 771 995 583
Value (bill.) 753 448 561 1,427 1,897 2,591 1,167 1,054 859 1,074 1,512 956
Frequency (th.) 54 83 93 287 202 501 368 519 290 592 715 391
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Broadcasting

Lowest 1,500 1,190 1,230 690 695
Close 1,855 1,190 1,285 690 1,630 1. MNCN 15.6% -2.5% 88.2% -6.2% -44.4%
Adj. Close* 1,855 1,190 1,285 690 1,630 2. SCMA -7.1% 2.1% -23.6% -48.9% 110.8%
Growth (%) -35.85% 7.98% -46.30% 136.23% 3. MDIA -67.9% 0.0% -63.5% -83.3% -85.9%
4. MARI -25.0% -5.3% -26.8% 80.0% n.a.
Shares Traded 2015 2016 2017 2018 2019 5. VIVA -55.4% -33.3% -70.6% -85.0% -88.6%
Volume 3,459 6,206 5,521 6,462 12,255
Value 8,250 12,040 8,655 7,029 14,068 Note:
Index Membership

2. IDX30 12. JII70 22.
3. IDX80 13. KOMPAS100 23.
4. IDXCYCLIC 14. LQ45 24.
5. IDXESGL 15. MBX 25.
6. IDXQ30 16. MNC36 26.
7. IDXSMC-COM 17. TRADE 27.
9. IDXV30 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

20
Current Assets 7,726,851 6,638,010 6,718,435 7,336,848 7,636,544
18
- - - - - -
Fixed Asset 4,145,497 4,824,369 5,306,989 5,541,768 5,682,365 16
- - - - - - 14
Total Assets 14,474,557 14,239,867 15,057,291 16,339,552 17,836,430 12
Trade Payable 510,885 349,272 586,055 311,632 204,790 10
Curr. Maturities - Bank Loans 42,520 3,373,221 153,565 435,623 595,269 8

- - - - - - 6
- - - - - - 4
Long-term Bank Loans 3,649,072 251,960 3,387,019 3,176,477 2,864,457 -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 1,427,609 1,427,610 1,427,610 1,427,610 1,427,610
Par Value 100 100 100 100 100 10,642

Retained earnings 5,679,366 6,460,202 7,317,991 8,669,057 10,692,594 9,566 9,487 9,801
Total Equity 9,566,393 9,487,098 9,801,083 10,642,305 12,525,502
Revenues 6,444,935 6,730,276 7,052,686 7,443,905 8,353,365
Gross Profit 3,584,328 3,855,525 4,382,213 4,618,903 5,322,877
Finance Costs -195,588 -193,744 -260,040 -352,721 -436,131
EBT 1,680,778 2,152,932 2,415,650 2,103,569 2,939,118
Tax -403,810 -669,977 -848,104 -497,948 -586,589
2015 2016 2017 2018 2019
8,353
7,053
6,445
Net Cash - Investing -1,063,613 -196,174 -726,609 -1,625,457 -1,332,132
Net Cash - Financing -919,099 -1,668,661 -1,501,353 -131,119 -481,111
Net Increase/Decrease in C&CE -733,545 100,718 -30,189 251,262 -89,378
C&CE, end of period 398,456 499,174 468,985 720,247 630,869
Current Ratio (%) 7.43 1.58 4.60 3.41 3.57
DAR (x) 0.34 0.33 0.35 0.35 0.30
DER (x) 0.51 0.50 0.54 0.54 0.42
EPS (IDR) n.a. n.a. n.a. 116.79 154.62 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 5.91 10.54

PBV (x) 2.77 1.79 1.87 0.93 1.86
ROA (%) 8.82 10.41 10.41 9.83 13.19 2,353
ROE (%) 13.35 15.63 15.99 15.09 18.78

GPM (%) 55.61 57.29 62.14 62.05 63.72
OPM (%) 34.05 34.65 37.80 36.81 39.01 1,568 1,606
1,483
NPM (%) 19.81 22.03 22.23 21.57 28.16
1,277
DPS (IDR) 63.00 0.00 42.00 15.00 15.00
DPR (%) n.a. n.a. n.a. 12.84 9.70
Dividend Yield (%) 3.40 0.00 3.27 2.17 0.92
2015 2016 2017 2018 2019

PGAS
Perusahaan Gas Negara Tbk

PGAS Perusahaan Gas Negara Tbk

Date: 31 Jan 2020 v2.0.0

PT Perusahaan Gas Negara Tbk has a main business field of Natural gas Established Listing Date IPO Price (IDR) IPO Lead Underwriter
distribution and transmission. The company's President Director and President PT Danareksa
Commisioner are Muhamad Haryo Yunianto and Arcandra Tahar. The largest 13 May 1965 15 Dec 2003 1,500 Sekuritas
shareholder of the company is PT Pertamina (Persero) (56.96%). The
percentage of public shareholding (<5%) is 43.04%. PT Perusahaan Gas Negara Stock Overview
Tbk has 6 subsidiaries. One of the biggest subsidiaries is PT Saka Energi
Indonesia. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=PGAS

Domestic 39,556.5 2,803.6
69% 76%
Foreign 17,748.6 896.5 A Energy A11 Oil & Gas
Others 15.67% 18.80% A1 Oil, Gas & Coal A112 Oil & Gas Storage & Distribution
Year 2019 YTD 2020
Total 57,305.2 3,700.1
Fundamental & ESG
YTD 2020
43.86x 0.89x 29.08 Medium
D 1,075.8 345.7 1,421.5
931.8 -39.5
Buy

D 14,035.0 5,277.4 19,312.4 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PGAS Sector PER Market PER
Domestic Buy".
7.92x 17.20x

2019 F - Rp56.99 08-May-19 09-May-19 28-May-19 2008 SS 04-Aug-08 11,600 500:100 2,325 0.200
2018 F - Rp31.61 07-May-18 09-May-18 30-May-18 - - - - - - -
2017 F - Rp75.18 15-May-17 17-May-17 07-Jun-17 - - - - - - -
2014 F - Rp210.40 29-Apr-14 02-May-14 19-May-14 - - - - - - -
2013 F - Rp202.77 13-May-13 15-May-13 29-May-13 - - - - - - -
Industry Peers

1. PGAS Perusahaan Gas Negara Tbk 41,331.77 102,826,430 57,724,104 45,102,326 53,670,368 1,575,523
2. AKRA AKR Corporindo Tbk 13,288.64 21,409,046 11,342,185 10,066,861 21,702,638 703,077
3. HITS Humpuss Intermoda Transportasi 4,083.12 2,842,657 1,964,998 877,659 1,202,862 183,268
4. INPS Indah Prakasa Sentosa Tbk 2,600.00 478,788 337,880 140,908 404,550 -3,885
5. SHIP Sillo Maritime Perdana Tbk 2,039.84 3,344,346 1,750,116 1,594,230 1,263,932 272,304
1. PGAS Perusahaan Gas Negara Tbk 43.86 0.89 1.53 3.49 0.56 1.28
2. AKRA AKR Corporindo Tbk 18.53 1.35 3.28 6.98 0.53 1.13
3. HITS Humpuss Intermoda Transportasi 27.11 4.72 6.45 20.88 0.69 2.24
4. INPS Indah Prakasa Sentosa Tbk -662.32 18.98 -0.81 -2.76 0.71 2.40
5. SHIP Sillo Maritime Perdana Tbk 146220.90 1.31 8.14 17.08 0.52 1.10


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 PGAS*
-32.07%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 2,650 2,540 2,390 2,250 2,140 2,130 2,000 2,280 2,440 2,010 2,250 2,160
Lowest 2,340 2,330 2,250 1,865 1,935 1,970 1,805 1,945 2,010 1,850 2,000 1,705
Close 2,540 2,350 2,320 2,060 2,110 2,050 1,920 2,100 2,110 1,920 2,170 1,705
Adj. Close* 2,540 2,350 2,320 2,060 2,110 2,050 1,920 2,100 2,110 1,920 2,170 1,705
Growth (%) -7.48% -1.28% -11.21% 2.43% -2.84% -6.34% 9.38% 0.48% -9.00% 13.02% -21.43%
Volume (mill.) 1,335 1,015 688 945 982 808 901 1,140 1,323 1,184 747 947
Value (bill.) 3,372 2,457 1,593 1,927 2,015 1,670 1,740 2,407 2,954 2,319 1,596 1,850
Frequency (th.) 126 117 80 113 103 89 115 119 127 127 85 117
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Oil & Gas Storage & Distribution
Lowest 2,315 2,360 1,580 1,525 1,805
Close 2,745 2,405 1,750 2,120 2,170 1. PGAS -16.8% -21.4% -33.7% -40.8% -66.2%
Adj. Close* 2,745 2,405 1,750 2,120 2,170 2. AKRA -17.3% -16.2% -37.0% -50.4% 252.5%
Growth (%) -12.39% -27.23% 21.14% 2.36% 3. HITS -8.0% -20.7% -11.5% -26.8% -17.9%
4. INPS 31.1% -1.2% 96.1% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. SHIP -3.8% -2.0% -9.1% 51.2% n.a.
Volume 9,592 13,420 11,717 24,981 13,020
Value 36,449 36,582 23,633 54,178 28,653 Note:
Index Membership

1. COMPOSITE 11. INFRASTRUC 21. SRI-KEHATI
2. IDX30 12. Investor33 22.
3. IDX80 13. ISSI 23.
4. IDXBUMN20 14. JII 24.
5. IDXENERGY 15. JII70 25.
6. IDXESGL 16. KOMPAS100 26.
7. IDXG30 17. LQ45 27.


Date: 31 Jan 2020 v2.0.0

Inventories 599,391 877,280 823,999 1,141,670 987,275 Asset Liabilities
140
Current Assets 23,760,590 28,547,123 24,495,434 35,971,218 30,950,369
- - - - - - 120
Fixed Asset 49,865,742 48,233,780 45,766,572 63,549,426 59,238,651
100
- - - - - -
Total Assets 89,592,337 91,823,679 85,259,312 115,452,910 102,826,430 80
Trade Payable 1,613,851 1,501,604 1,289,513 3,108,976 3,626,983
60
Curr. Maturities - Bank Loans 1,677,648 2,297,392 309,672 339,073 297,924
- - - - - - 40
- - - - - -

- - - - - -
Common Stocks 4,745,396 4,622,237 4,660,767 5,002,722 4,797,343 46,562
Par Value 100 100 100 100 100 45,102
Total Equity 41,696,559 42,594,718 43,176,296 46,561,895 45,102,326
43,176
Revenues 42,330,901 39,431,687 40,232,030 56,281,419 53,670,368
41,697
Gross Profit 13,285,148 11,916,925 10,800,896 19,042,752 17,115,660
Finance Costs -1,643,732 -1,778,992 -1,993,929 -2,231,172 -2,406,149
EBT 6,112,582 5,172,660 3,733,152 8,505,678 3,903,240
Tax -556,925 -1,026,527 -1,730,974 -3,203,103 -2,327,717
2015 2016 2017 2018 2019
Comprehensive Attributable 5,740,967 4,174,155 1,919,700 4,021,837 1,167,216 56,281
53,670
39,432 40,232
Net Cash - Financing 8,205,780 72,412 -8,777,193 -154,261 -2,163,468
Net Increase/Decrease in C&CE 17,378 2,155,246 -3,513,428 2,680,653 -3,965,025
C&CE, end of period 15,663,122 17,521,125 13,904,704 19,126,139 14,508,050
Current Ratio (%) 2.58 2.61 3.87 1.54 1.98
DAR (x) 0.53 0.54 0.49 0.60 0.56
DER (x) 1.15 1.16 0.97 1.48 1.28
EPS (IDR) n.a. n.a. n.a. 208.89 124.11 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 10.15 17.49

PBV (x) 1.60 1.37 0.98 1.10 1.17
ROA (%) 6.20 4.52 2.35 4.59 1.53 5,556
5,303
ROE (%) 13.32 9.73 4.64 11.39 3.49
GPM (%) 31.38 30.22 26.85 33.83 31.89
4,146
OPM (%) 18.70 14.74 12.04 16.02 13.47
NPM (%) 13.12 10.51 4.98 9.42 2.94
DPS (IDR) 0.00 0.00 75.18 31.61 56.99
DPR (%) n.a. n.a. n.a. 15.13 45.92 2,002
Dividend Yield (%) 0.00 0.00 4.30 1.49 2.63 1,576
2015 2016 2017 2018 2019

PTBA
Bukit Asam Tbk

PTBA Bukit Asam Tbk

Date: 31 Jan 2020 v2.0.0

PT Bukit Asam Tbk has a main business field of Coal mining. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Arsal Ismali and Agus PT Danareksa
Suhartono . The largest shareholder of the company is PT INDONESIA ASAHAN 02 Mar 1981 23 Dec 2002 575 Sekuritas
ALUMINIUM (PERSERO) (65.93%). The percentage of public shareholding
(<5%) is 33.78%. PT Bukit Asam Tbk has 25 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Huadian BukitAsam Power.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=PTBA

Domestic 32,452.9 2,460.7
Year 2019 YTD 2020
Total 45,336.5 3,133.5
Fundamental & ESG
YTD 2020
6.28x 1.47x 34.49 High
D 981.3 329.0 1,310.3
-1,424.1 -159.9
Buy

D 12,161.3 4,777.2 16,938.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PTBA Sector PER Market PER
Domestic Buy".
7.92x 17.20x

2019 F - Rp339.63 07-May-19 08-May-19 29-May-19 2017 SS 14-Dec-17 11,200 5:1 2,240 0.200
2018 F - Rp318.52 19-Apr-18 23-Apr-18 11-May-18 - - - - - - -
2017 F - Rp285.50 02-May-17 04-May-17 24-May-17 - - - - - - -
2016 F - Rp289.73 22-Apr-16 26-Apr-16 18-May-16 - - - - - - -
2015 I - Rp324.57 08-Apr-15 10-Apr-15 30-Apr-15 - - - - - - -
Industry Peers

1. PTBA Bukit Asam Tbk 25,460.66 26,098,052 7,675,226 18,422,826 21,787,564 4,040,394
2. BYAN Bayan Resources Tbk 50,666.67 17,822,270 9,189,197 8,633,073 19,405,720 3,266,076
3. ADRO Adaro Energy Indonesia Tbk 39,182.80 100,642,529 45,094,086 55,548,443 48,210,013 6,066,103
1. PTBA Bukit Asam Tbk 6.28 1.47 15.48 21.93 0.29 0.42
2. BYAN Bayan Resources Tbk 16.26 5.95 18.33 37.83 0.52 1.06
3. ADRO Adaro Energy Indonesia Tbk 6.95 0.61 6.03 10.92 0.45 0.81

PTBA Bukit Asam Tbk

Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 PTBA*
-48.84%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 4,320 4,250 4,220 3,940 3,060 3,060 2,730 2,700 2,450 2,630 2,690 2,830
Lowest 3,980 3,970 3,950 2,750 2,820 2,700 2,380 2,260 2,150 2,190 2,460 2,210
Close 3,980 4,200 3,960 3,060 2,960 2,740 2,470 2,260 2,250 2,420 2,660 2,210
Adj. Close* 3,980 4,200 3,960 3,060 2,960 2,740 2,470 2,260 2,250 2,420 2,660 2,210
Growth (%) 5.53% -5.71% -22.73% -3.27% -7.43% -9.85% -8.50% -0.44% 7.56% 9.92% -16.92%
Volume (mill.) 297 338 455 1,889 556 581 430 615 437 784 591 614
Value (bill.) 1,237 1,376 1,860 6,149 1,637 1,687 1,075 1,553 1,010 1,952 1,514 1,567
Frequency (th.) 73 73 76 139 103 104 84 91 90 119 78 98
Days 19 20 19 21 15 23 22 21 23 21 19 22
Lowest 4,315 4,165 2,240 2,440 2,150
Close 4,525 4,450 2,460 4,300 2,660 1. PTBA -19.3% -16.9% -48.7% -4.7% -2.9%
Adj. Close* 905 890 492 4,300 2,660 2. BYAN -10.1% -4.4% -20.0% 141.3% 114.1%
Growth (%) -1.66% -44.72% 773.98% -38.14% 3. ADRO -3.5% -21.2% -11.9% -27.7% 22.5%
4. GEMS 0.0% 0.0% 0.0% -10.8% 31.1%
Shares Traded 2015 2016 2017 2018 2019 5. DSSA -9.3% 10.8% 1.2% 92.8% 19.2%
Volume 946 1,198 1,158 9,020 7,343
Value 7,109 10,211 10,497 34,621 22,668 Note:
Index Membership

1. BISNIS-27 11. IDXSMC-LIQ 21. MNC36
2. COMPOSITE 12. IDXV30 22.
3. IDX30 13. Investor33 23.
4. IDX80 14. ISSI 24.
5. IDXBUMN20 15. JII 25.
6. IDXENERGY 16. JII70 26.
7. IDXG30 17. KOMPAS100 27.
8. IDXHIDIV20 18. LQ45 28.
9. IDXQ30 19. MBX 29.
10. IDXSMC-COM 20. MINING 30.

PTBA Bukit Asam Tbk

Date: 31 Jan 2020 v2.0.0

30
Current Assets 7,598,476 8,349,927 11,117,745 11,739,344 11,679,884
- - - - - -
25
Fixed Asset 5,579,117 6,087,746 6,199,299 6,547,586 7,272,751
- - - - - - 20
Total Assets 16,894,043 18,576,774 21,987,482 24,172,933 26,098,052
Trade Payable 1,146,089 539,440 886,423 1,047,997 1,020,094 15

- - - - - - 10
- - - - - -
5
Long-term Bank Loans 623,192 167,346 35,931 233,488 10,121 -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 1,152,066 1,152,066 1,152,066 1,152,066 1,152,066
18,423
16,270
Par Value 500 500 500 100 100
Total Equity 9,287,547 10,552,405 13,799,985 16,269,696 18,422,826
10,552
Revenues 13,733,627 14,058,869 19,471,030 21,166,993 21,787,564
Gross Profit 4,139,724 4,401,469 8,506,506 8,545,793 7,611,504
Finance Costs -157,325 -148,835 -103,589 -103,543 -127,670
EBT - 2,733,799 6,101,629 6,858,075 5,455,162
Tax -626,685 -709,394 -1,554,397 -1,736,963 -1,414,768
2015 2016 2017 2018 2019
21,788
19,471
Net Cash - Investing -1,113,356 -315,119 -536,264 -1,576,781 -3,784,778
Net Cash - Financing -1,794,992 -1,011,134 -2,006,843 -3,585,132 -2,033,191 13,734 14,059
Net Increase/Decrease in C&CE -1,010,577 602,093 -127,663 2,705,873 -1,521,490

C&CE, end of period 3,115,337 3,674,687 3,555,406 6,301,163 4,756,801
Current Ratio (%) 1.54 1.66 2.46 2.38 2.49
DAR (x) 0.45 0.43 0.37 0.33 0.29
DER (x) 0.82 0.76 0.59 0.49 0.42
EPS (IDR) n.a. n.a. n.a. 501.75 364.16 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 8.57 7.30

PBV (x) 1.12 0.97 2.05 3.04 1.66
ROA (%) 36.17 10.90 20.68 21.19 15.48
6,110
ROE (%) 65.79 19.18 32.95 31.48 21.93
GPM (%) 30.14 31.31 43.69 40.37 34.94 5,121
OPM (%) 17.59 18.46 32.16 28.10 22.25 4,547
4,040
NPM (%) 44.49 14.40 23.35 24.19 18.54
DPS (IDR) 324.57 289.73 285.50 318.52 339.63
DPR (%) n.a. n.a. n.a. 63.48 93.27
2,024
Dividend Yield (%) 7.17 6.51 11.61 7.41 12.77
2015 2016 2017 2018 2019

PTPP
PP (Persero) Tbk
PTPP PP (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT PP (Persero) Tbk has a main business field of Construction services. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are Novel Arsyad and PT Mandiri Sekuritas
Andi Gani Nena Wea. The largest shareholder of the company is Republic of 26 Aug 1953 09 Feb 2010 560
Indonesia (51.00%). The percentage of public shareholding (<5%) is 49.00%. PT
PP (Persero) Tbk has 8 subsidiaries. One of the biggest subsidiaries is PT PP Stock Overview
Properti Tbk.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=PTPP

Domestic 20,277.8 1,238.3
Foreign 3,395.8 120.3 J Infrastructures J21 Heavy Constructions & Civil
Individual 2.11% 3.87% Engineering
14% 9%
Others 17.70% 33.93% J2 Heavy Constructions & Civil J211 Heavy Constructions & Civil
Year 2019 YTD 2020 Engineering Engineering
Total 23,673.6 1,358.6
Fundamental & ESG
YTD 2020
9.20x 0.51x 39.18 High
D 563.0 73.8 636.9
-815.5 -35.4
Buy

D 8,701.6 1,845.1 10,546.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PTPP Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2019 F - Rp48.45 10-May-19 13-May-19 29-May-19 2016 RI 02-Dec-16 4,200 500000:140163 3,990 0.950
2018 F - Rp46.88 07-May-18 09-May-18 25-May-18 - - - - - - -
2017 F - Rp49.52 24-Mar-17 29-Mar-17 13-Apr-17 - - - - - - -
2015 F - Rp21.97 29-May-15 03-Jun-15 18-Jun-15 - - - - - - -
2014 F - Rp26.06 22-Apr-14 24-Apr-14 07-May-14 - - - - - - -
Industry Peers

1. PTPP PP (Persero) Tbk 8,555.86 59,165,548 41,839,415 17,326,133 24,659,999 1,208,271
2. WIKA Wijaya Karya (Persero) Tbk 16,953.21 62,110,847 42,895,114 19,215,733 27,212,914 2,621,015
3. WSKT Waskita Karya (Persero) Tbk 16,695.96 122,589,259 93,470,790 29,118,469 31,387,390 1,028,898
4. JKON Jaya Konstruksi Manggala Pratama 7,958.56 4,928,109 2,230,342 2,697,767 5,470,824 202,283
5. TOPS Totalindo Eka Persada Tbk 5,999.40 2,750,634 1,568,463 1,182,171 681,371 -192,977
1. PTPP PP (Persero) Tbk 9.20 0.51 2.04 6.97 0.71 2.41
2. WIKA Wijaya Karya (Persero) Tbk 7.42 0.92 4.22 13.64 0.69 2.23
3. WSKT Waskita Karya (Persero) Tbk 17.80 0.57 0.84 3.53 0.76 3.21
4. JKON Jaya Konstruksi Manggala Pratama 39.96 3.13 4.10 7.50 0.45 0.83
5. TOPS Totalindo Eka Persada Tbk -31.09 4.20 -7.02 -16.32 0.57 1.33


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 PTPP*
-39.47%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 2,300 2,110 2,490 2,310 2,290 2,250 1,985 1,890 1,835 1,675 1,675 1,710
Lowest 2,000 1,955 2,130 1,725 2,020 2,080 1,825 1,665 1,560 1,350 1,405 1,380
Close 2,000 2,080 2,400 1,970 2,210 2,150 1,850 1,705 1,775 1,350 1,585 1,380
Adj. Close* 2,000 2,080 2,400 1,970 2,210 2,150 1,850 1,705 1,775 1,350 1,585 1,380
Growth (%) 4.00% 15.38% -17.92% 12.18% -2.71% -13.95% -7.84% 4.11% -23.94% 17.41% -12.93%
Volume (mill.) 604 367 658 725 379 446 515 236 374 354 396 424
Value (bill.) 1,287 755 1,531 1,393 823 958 986 423 650 556 624 679
Frequency (th.) 62 40 62 70 46 56 68 43 58 54 54 67
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Heavy Constructions & Civil Engineering
Lowest 3,095 3,795 2,390 1,330 1,350
Close 3,875 3,900 2,640 1,805 1,585 1. PTPP -35.8% -12.9% -41.0% -61.6% -64.8%
Adj. Close* 3,875 3,900 2,640 1,805 1,585 2. WIKA -19.2% -5.0% -0.3% -26.5% -49.5%
Growth (%) 0.65% -32.31% -31.63% -12.19% 3. WSKT -40.0% -17.2% -37.7% -52.0% -19.3%
4. JKON -0.4% -2.4% 22.0% -20.7% -50.2%
Shares Traded 2015 2016 2017 2018 2019 5. TOPS -70.7% -33.3% -77.4% n.a. n.a.
Volume 2,716 2,591 4,954 4,515 5,897
Value 10,233 10,415 15,048 9,977 11,837 Note:
Index Membership

2. I-GRADE 12. JII70 22.
3. IDX80 13. KOMPAS100 23.
4. IDXBUMN20 14. LQ45 24.
5. IDXINFRA 15. MBX 25.
6. IDXSMC-COM 16. PROPERTY 26.
8. IDXV30 18. SRI-KEHATI 28.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

70
Current Assets 15,430,535 24,344,025 29,907,849 37,534,483 41,704,590
Fixed Asset 2,989,066 4,177,883 5,789,644 7,687,529 7,424,559
50
- - - - - -
Total Assets 19,158,985 31,232,767 41,782,781 52,549,151 59,165,548 40
Trade Payable 7,371,750 10,237,242 14,506,169 19,571,489 21,163,720
30
Curr. Maturities - Bonds Payable - - 699,871 200,000 299,992 20
Curr. Maturities - Sukuk - - - 200,000 1,230,000
Long-term Bank Loans 525,764 1,150,264 2,815,202 3,183,352 3,907,400 -

Long-term Bonds Payable 998,636 1,597,559 898,911 3,010,088 5,292,240 2015 2016 2017 2018 2019
Long-term Sukuk - - - 1,710,000 600,000
Common Stocks 484,244 619,990 619,990 619,990 619,990
16,316
Par Value 100 100 100 100 100
Total Equity 5,147,296 10,796,158 14,243,110 16,315,612 17,326,133

10,796
Revenues 14,217,373 16,458,884 21,502,260 25,119,560 24,659,999
Gross Profit 2,006,961 2,455,530 3,251,462 3,545,924 3,485,115 5,147
Finance Costs - - -653,253 -759,838 -782,155
EBT 1,287,388 1,703,610 1,792,262 2,003,091 1,239,763
Tax -441,971 -552,178 -68,409 -44,098 -31,493
2015 2016 2017 2018 2019
Profit/Loss Period Attributable 740,178 1,023,369 1,453,141 1,501,973 930,323
Comprehensive Attributable 1,932,501 1,149,004 1,522,097 1,602,553 947,308
Net Cash - Operating 25,796 986,831 1,462,722 716,128 300,140 21,502
Net Cash - Investing -662,004 -1,826,287 -3,903,484 -4,038,843 -3,025,093
Net Cash - Financing 1,182,392 6,899,358 2,695,858 2,542,396 3,195,453 16,459
14,217
Net Increase/Decrease in C&CE 546,184 6,059,902 255,096 -780,320 470,500
C&CE, end of period 3,025,394 9,125,169 9,383,494 8,647,427 9,105,082
Current Ratio (%) 1.43 1.53 1.44 1.42 1.37
DAR (x) 0.73 0.65 0.66 0.69 0.71
DER (x) 2.72 1.89 1.93 2.22 2.41
EPS (IDR) n.a. n.a. n.a. 215.78 184.93 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 8.36 8.57

PBV (x) 3.65 2.24 1.15 0.69 0.57
ROA (%) 4.41 3.69 4.13 3.73 2.04
ROE (%) 16.42 10.67 12.10 12.01 6.97
1,959
GPM (%) 14.12 14.92 15.12 14.12 14.13
1,724
OPM (%) 11.23 11.96 11.74 9.52 10.00
NPM (%) 5.95 7.00 8.02 7.80 4.90
1,208
DPS (IDR) 21.97 0.00 49.52 46.88 48.45 1,151
DPR (%) n.a. n.a. n.a. 21.72 26.20 845

Dividend Yield (%) 0.57 0.00 1.88 2.60 3.06
2015 2016 2017 2018 2019

PWON
Pakuwon Jati Tbk

PWON Pakuwon Jati Tbk

Date: 31 Jan 2020 v2.0.0

PT Pakuwon Jati Tbk has a main business field of Property and real estate. The Established Listing Date IPO Price (IDR) IPO Lead Underwriter
company's President Director and President Commisioner are A. Stefanus PT (Persero)
Ridwan Suhendra and Alexander Tedja. The largest shareholder of the company 20 Sep 1982 09 Oct 1989 7,300 Danareksa
is PAKUWON ARTHANIAGA (68.68%). The percentage of public shareholding
(<5%) is 31.32%. PT Pakuwon Jati Tbk has 13 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Pakuwon Permai.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=PWON

Domestic 7,411.3 794.4
48% Institution 47.49% 26.77%
69%
52% Individual 0.35% 0.80% Development
31%
Total 15,363.3 1,146.9
Fundamental & ESG
YTD 2020
9.21x 1.44x 24.97 Medium
D 286.9 105.7 392.6
-462.3 9.2
Buy

D 2,020.6 1,916.2 3,936.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- PWON Sector PER Market PER
Domestic Buy".
14.35x 17.20x

2019 F - Rp7.00 04-Jul-19 05-Jul-19 26-Jul-19 2012 SS 30-Mar-12 810 4:1 205 0.250
2018 F - Rp6.00 04-Jul-18 06-Jul-18 27-Jul-18 2011 RI 09-Dec-11 830 5:1 800 0.964
2017 F - Rp4.50 12-Jun-17 14-Jun-17 06-Jul-17 2008 BS 21-Jul-08 570 10:3 440 0.769
2016 F - Rp4.50 12-Jul-16 14-Jul-16 29-Jul-16 2007 SS 19-Sep-07 2,800 5:1 560 0.200
2015 F - Rp4.50 03-Jul-15 07-Jul-15 29-Jul-15 1996 SS 29-Jan-96 1,675 2:1 840 0.500
Industry Peers

2. POLL Pollux Properties Indonesia Tbk 87,555.62 5,834,505 3,528,845 2,305,660 684,329 182,621
2. POLL Pollux Properties Indonesia Tbk 1278.06 39.53 3.13 7.92 0.60 1.53


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 PWON*
-21.80%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 690 710 755 705 790 745 710 690 640 620 595 595
Lowest 620 620 700 630 710 670 625 620 580 560 560 520
Close 620 690 715 705 730 735 640 665 625 565 570 520
Adj. Close* 620 690 715 705 730 735 640 665 625 565 570 520
Growth (%) 11.29% 3.62% -1.40% 3.55% 0.68% -12.93% 3.91% -6.02% -9.60% 0.88% -8.77%
Volume (mill.) 863 1,056 865 842 879 1,521 1,017 652 1,177 729 644 1,017
Value (bill.) 564 702 632 565 656 1,080 688 430 727 424 370 573
Frequency (th.) 82 101 83 79 69 87 63 46 65 54 46 61
Days 19 20 19 21 15 23 22 21 23 21 19 22
Highest 555 496 685 715 790 No. Code 6M YTD 1Y 3Y 5Y
Lowest 331 427 540 438 560
Close 496 448 685 620 570 1. PWON -29.3% -8.8% -20.0% -7.1% 4.2%
Adj. Close* 496 448 685 620 570 2. POLL 520.9% -5.2% 585.7% n.a. n.a.
Growth (%) -9.68% 52.90% -9.49% -8.06% 3. BSDE -21.5% -11.2% -16.2% -39.1% -44.8%
4. CTRA -27.5% -13.9% -8.2% -32.2% -37.8%
Shares Traded 2015 2016 2017 2018 2019 5. LPKR -17.9% -5.0% 3.5% -60.6% -74.5%
Volume 30,404 23,230 10,825 10,464 11,508
Value 13,785 13,889 6,662 6,002 7,682 Note:
Index Membership

1. BISNIS-27 11. JII 21.
3. IDX80 13. KOMPAS100 23.
4. IDXESGL 14. LQ45 24.
5. IDXPROPERT 15. MBX 25.
6. IDXQ30 16. MNC36 26.
7. IDXSMC-COM 17. PROPERTY 27.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

30
Current Assets 5,408,562 6,126,853 8,427,606 9,472,788 9,642,587
Investment Properties 8,886,937 10,464,728 10,779,118 11,189,061 11,185,724
25
Fixed Asset 1,457,275 1,699,652 1,681,938 1,732,817 2,075,840
- - - - - - 20
Total Assets 18,778,122 20,674,142 23,358,718 25,018,080 26,095,153
Trade Payable 198,259 211,649 364,135 295,782 334,051 15

- - - - - - 10
- - - - - -
5
Long-term Bank Loans 1,650,947 1,811,518 1,692,367 1,359,539 447,485 -
- - - - - -
Common Stocks 1,203,990 1,203,990 1,203,990 1,203,990 1,203,990
18,096
Par Value 25 25 25 25 25 15,312
12,791
Total Equity 9,455,056 11,019,694 12,791,490 15,311,681 18,095,643
11,020
Revenues 4,625,053 4,841,105 5,717,538 7,080,668 7,202,001

Gross Profit 2,668,528 2,753,526 3,364,102 4,050,309 4,057,835
Finance Costs -250,649 -341,692 -336,288 -273,448 -227,534
EBT 1,425,142 1,731,764 2,071,692 2,853,882 3,270,698
Tax -24,588 48,491 -47,065 -26,946 -30,902
2015 2016 2017 2018 2019
7,081 7,202
Net Cash - Investing -2,055,055 -1,141,363 -1,030,777 -851,599 -885,809 4,841
4,625
Net Cash - Financing -376,599 165,358 -257,290 -424,767 -1,045,528
Net Increase/Decrease in C&CE -689,662 348,698 970,172 1,088,477 -160,938
C&CE, end of period 2,084,068 2,448,187 3,413,529 4,462,942 4,318,374
Current Ratio (%) 1.22 1.33 1.72 2.31 2.86
DAR (x) 0.50 0.47 0.45 0.39 0.31
DER (x) 0.99 0.88 0.83 0.63 0.44
EPS (IDR) n.a. n.a. n.a. 105.38 60.48 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 5.88 9.42

PBV (x) 2.53 1.96 2.58 1.95 1.52
ROA (%) 7.46 8.61 8.67 11.30 12.42 3,240
ROE (%) 14.81 16.16 15.83 18.46 17.90 2,827
GPM (%) 57.70 56.88 58.84 57.20 56.34
OPM (%) 48.96 46.68 48.88 48.85 47.92
2,025
NPM (%) 30.28 36.77 35.41 39.92 44.98
1,780
DPS (IDR) 4.50 4.50 4.50 6.00 7.00
1,401
DPR (%) n.a. n.a. n.a. 5.69 11.57
Dividend Yield (%) 0.91 1.00 0.66 0.97 1.23
2015 2016 2017 2018 2019

SCMA
Surya Citra Media Tbk

SCMA Surya Citra Media Tbk

Date: 31 Jan 2020 v2.0.0

PT Surya Citra Media Tbk has a main business field of Media. The company's Established Listing Date IPO Price (IDR) IPO Lead Underwriter
President Director and President Commisioner are Sutanto Hartono and Alvin W. PT CLSA Indonesia
Sariaatmadja. The largest shareholder of the company is PT ELANG MAHKOTA 29 Jan 1999 16 Jul 2002 1,100
TEKNOLOGI TBK (60.97%). The percentage of public shareholding (<5%) is
24.48%. PT Surya Citra Media Tbk has 13 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Indonesia Entertainmen Grup.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=SCMA

Domestic 8,957.2 1,335.7
64%
75%
Foreign 4,968.8 447.6 E Consumer Cyclicals E61 Media
36%
Others 28.38% 9.89% E6 Media & Entertainment E612 Broadcasting
Year 2019 YTD 2020
Total 13,926.0 1,783.3
Fundamental & ESG
YTD 2020
19.88x 3.67x 16.57 Low
D 497.2 167.3 664.5
-763.2 6.7
Buy

D 2,995.3 1,864.9 4,860.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SCMA Sector PER Market PER
Domestic Buy".
19.84x 17.20x

2019 I - Rp25.00 06-Dec-19 09-Dec-19 27-Dec-19 2012 SS 29-Oct-12 10,450 5:1 2,100 0.200
2019 F - Rp31.00 27-May-19 28-May-19 14-Jun-19 - - - - - - -
2018 I - Rp20.00 13-Dec-18 12-Dec-18 28-Dec-18 - - - - - - -
2018 F - Rp35.00 03-Jul-18 05-Jul-18 25-Jul-18 - - - - - - -
2017 I - Rp40.00 13-Dec-17 15-Dec-17 22-Dec-17 - - - - - - -
Industry Peers

1. SCMA Surya Citra Media Tbk 21,275.53 6,716,724 1,228,126 5,488,599 5,523,362 1,051,165
2. MNCN Media Nusantara Citra Tbk 22,699.00 17,836,430 5,310,928 12,525,502 8,353,365 2,352,529
3. MDIA Intermedia Capital Tbk 1,960.78 6,062,090 3,574,948 2,487,142 1,496,914 68,840
4. MARI Mahaka Radio Integra Tbk 945.48 355,136 107,852 247,284 149,903 32,026
5. VIVA Visi Media Asia Tbk 823.21 8,567,654 7,419,666 1,147,987 2,117,782 -540,883
1. SCMA Surya Citra Media Tbk 19.88 3.67 15.65 19.15 0.18 0.22
2. MNCN Media Nusantara Citra Tbk 10.16 1.90 13.19 18.78 0.30 0.42
3. MDIA Intermedia Capital Tbk 30.38 0.79 1.14 2.77 0.59 1.44
4. MARI Mahaka Radio Integra Tbk 27.73 3.96 9.02 12.95 0.30 0.44
5. VIVA Visi Media Asia Tbk -1.49 0.62 -6.31 -47.12 0.87 6.46


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 SCMA*
-22.79%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 1,865 1,840 1,860 1,840 1,750 1,645 1,470 1,340 1,335 1,330 1,450 1,600
Lowest 1,730 1,650 1,605 1,490 1,585 1,415 1,160 1,155 1,080 1,165 1,215 1,385
Close 1,750 1,655 1,860 1,650 1,610 1,550 1,235 1,160 1,220 1,200 1,410 1,440
Adj. Close* 1,750 1,655 1,860 1,650 1,610 1,550 1,235 1,160 1,220 1,200 1,410 1,440
Growth (%) -5.43% 12.39% -11.29% -2.42% -3.73% -20.32% -6.07% 5.17% -1.64% 17.50% 2.13%
Volume (mill.) 195 181 192 217 124 229 454 279 501 1,439 887 598
Value (bill.) 348 316 330 349 208 348 565 341 605 1,786 1,217 892
Frequency (th.) 49 37 42 54 34 55 64 47 67 107 68 61
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Broadcasting

Lowest 2,445 2,655 2,000 1,550 1,080
Close 3,100 2,700 2,480 1,870 1,410 1. SCMA -7.1% 2.1% -23.6% -48.9% -57.8%
Adj. Close* 3,100 2,700 2,480 1,870 1,410 2. MNCN 15.6% -2.5% 88.2% -6.2% -44.4%
Growth (%) -12.90% -8.15% -24.60% -24.60% 3. MDIA -67.9% 0.0% -63.5% -83.3% -85.9%
4. MARI -25.0% -5.3% -26.8% 80.0% n.a.
Shares Traded 2015 2016 2017 2018 2019 5. VIVA -55.4% -33.3% -70.6% -85.0% -88.6%
Volume 3,374 3,853 4,513 4,120 4,984
Value 10,697 10,931 10,979 8,887 6,963 Note:
Index Membership

2. IDX80 12. LQ45 22.
3. IDXCYCLIC 13. MBX 23.
4. IDXESGL 14. PEFINDO25 24.
5. IDXQ30 15. TRADE 25.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 31 Jan 2020 v2.0.0

8
Current Assets 2,843,500 2,952,181 2,708,606 3,426,795 3,559,332
- - - - - - 7
Fixed Asset 962,114 966,766 1,029,336 1,049,625 1,501,729 6

- - - - - -
5
Total Assets 4,565,964 4,820,612 5,385,808 6,138,227 6,716,724
Trade Payable 155,068 245,914 297,624 368,893 407,313 4
Curr. Maturities - Bank Loans - - 1,769 4,388 11,474 3

- - - - - -
2
- - - - - -
Current Liabilities 860,470 990,468 743,336 804,149 988,970 1
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Total Liabilities 1,152,288 1,115,204 980,415 1,035,274 1,228,126
Common Stocks 731,080 731,080 731,080 731,080 738,734
5,489
Par Value 50 50 50 50 50
4,405
Total Equity 3,413,676 3,705,408 4,405,393 5,102,953 5,488,599 3,705
3,414
Revenues 4,237,980 4,524,136 4,453,849 5,001,849 5,523,362
Gross Profit 2,711,788 2,741,686 2,619,218 2,844,580 2,660,465
Finance Costs -43,042 -28,537 -16,050 -2,901 -2,303
EBT 2,035,055 2,021,068 1,782,044 1,969,019 1,452,612
Tax -513,470 -509,923 -464,295 -493,976 -401,447
2015 2016 2017 2018 2019
5,523
Net Cash - Operating 1,506,974 1,384,728 1,250,519 1,687,724 1,193,086 4,524 4,454
4,238
Net Cash - Investing -112,019 -250,323 -526,489 -234,415 -1,102,475
Net Cash - Financing -1,950,529 -1,367,807 -1,000,203 -854,952 -541,315
Net Increase/Decrease in C&CE -555,574 -233,402 -276,172 598,357 -450,704
C&CE, end of period 685,722 454,732 233,517 829,558 544,543
Current Ratio (%) 3.30 2.98 3.64 4.26 3.60
DAR (x) 0.25 0.23 0.18 0.17 0.18
DER (x) 0.34 0.30 0.22 0.20 0.22
EPS (IDR) n.a. n.a. n.a. 97.59 88.20 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 19.16 15.99

PBV (x) 13.28 10.65 8.23 5.36 3.80
ROA (%) 33.32 31.35 24.47 24.03 15.65 1,522 1,511 1,475
ROE (%) 44.57 40.78 29.91 28.91 19.15 1,318
GPM (%) 63.99 60.60 58.81 56.87 48.17
OPM (%) 47.45 44.28 39.95 38.76 26.85 1,051
NPM (%) 35.90 33.40 29.59 29.49 19.03

DPS (IDR) 125.00 83.00 58.00 55.00 56.00
DPR (%) n.a. n.a. n.a. 56.36 63.49
Dividend Yield (%) 4.03 3.07 2.34 2.94 3.97
2015 2016 2017 2018 2019

SMGR
Semen Indonesia (Persero) Tbk

SMGR Semen Indonesia (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Semen Indonesia (Persero) Tbk has a main business field of Cement Established Listing Date IPO Price (IDR) IPO Lead Underwriter
manufacturer. The company's President Director and President Commisioner are PT Buanamas
Donny Arsal and Rudiantara. The largest shareholder of the company is 25 Mar 1953 08 Jul 1991 7,000 Investindo
Pemerintah RI (51.01%). The percentage of public shareholding (<5%) is
48.99%. PT Semen Indonesia (Persero) Tbk has 36 subsidiaries. One of the Stock Overview
biggest subsidiaries is PT Semen Indonesia Industri Bangunan.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=SMGR

Domestic 21,178.3 1,440.8
39% 43%
Foreign 32,678.2 1,872.0 B Basic Materials B12 Construction Materials
61% 57% Individual 0.06% 0.04%
Others 13.96% 16.31% B1 Basic Materials B121 Construction Materials
Year 2019 YTD 2020
Total 53,856.5 3,312.8
Fundamental & ESG
YTD 2020
29.63x 2.15x 32.28 High
D 350.4 218.0 568.4
-1,470.2 304.1
F 522.0 566.0 1,088.0 *Total trading value by Foreign is the sum of
Buy

D 4,862.9 6,461.3 11,324.2 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SMGR Sector PER Market PER
Domestic Buy".
18.00x 17.20x

2019 F - Rp207.64 10-Jun-19 11-Jun-19 21-Jun-19 2007 SS 07-Aug-07 51,200 10:1 5,150 0.100
2018 F - Rp135.83 09-May-18 14-May-18 31-May-18 1995 RI 26-Jul-95 15,100 1:3 6,250 0.413
2016 F - Rp304.91 23-May-16 25-May-16 16-Jun-16 - - - - - - -
2015 F - Rp375.34 24-Apr-15 28-Apr-15 20-May-15 - - - - - - -
2014 F - Rp407.42 29-Apr-14 02-May-14 19-May-14 - - - - - - -
Industry Peers

1. SMGR Semen Indonesia (Persero) Tbk 70,881.66 79,807,067 45,915,143 33,891,924 40,368,107 2,371,233
2. INTP Indocement Tunggal Prakarsa Tbk 60,648.29 27,707,749 4,627,488 23,080,261 15,939,348 1,835,305
3. SMCB Solusi Bangun Indonesia Tbk 7,662.90 19,567,498 12,584,886 6,982,612 11,057,843 499,052
4. WSBP Waskita Beton Precast Tbk 6,853.90 16,149,122 8,014,571 8,134,551 7,467,176 806,149
5. WTON Wijaya Karya Beton Tbk 3,346.74 10,337,895 6,829,449 3,508,446 7,083,384 510,712
1. SMGR Semen Indonesia (Persero) Tbk 29.63 2.15 2.97 7.00 0.58 1.35
2. INTP Indocement Tunggal Prakarsa Tbk 33.05 2.71 6.62 7.95 0.17 0.20
3. SMCB Solusi Bangun Indonesia Tbk 15.35 1.17 2.55 7.15 0.64 1.80
4. WSBP Waskita Beton Precast Tbk 8.50 0.87 4.99 9.91 0.50 0.99
5. WTON Wijaya Karya Beton Tbk 6.53 1.02 4.94 14.56 0.66 1.95


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 SMGR*
-6.09%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 12,950 13,950 14,300 12,900 12,175 12,875 13,250 13,450 13,325 12,825 12,575 13,050
Lowest 12,025 12,375 12,825 10,475 11,300 12,225 12,400 11,550 10,825 11,450 11,550 11,950
Close 12,650 13,950 13,500 11,550 11,575 12,875 13,250 11,550 12,650 11,450 12,000 11,950
Adj. Close* 12,650 13,950 13,500 11,550 11,575 12,875 13,250 11,550 12,650 11,450 12,000 11,950
Growth (%) 10.28% -3.23% -14.44% 0.22% 11.23% 2.91% -12.83% 9.52% -9.49% 4.80% -0.42%
Volume (mill.) 154 135 199 357 172 188 176 143 176 152 142 134
Value (bill.) 1,959 1,773 2,708 4,067 1,992 2,334 2,271 1,812 2,171 1,866 1,723 1,656
Frequency (th.) 62 53 81 139 65 64 77 56 62 56 46 57
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Construction Materials
Lowest 7,200 10,050 8,600 6,725 10,475
Close 11,400 11,050 9,900 11,500 12,000 1. SMGR -7.2% -0.4% -5.7% 32.4% -18.0%
Adj. Close* 11,400 11,050 9,900 11,500 12,000 2. INTP -26.7% -13.4% -14.3% 9.7% -28.4%
Growth (%) -3.07% -10.41% 16.16% 4.35% 3. SMCB -28.6% -15.3% -49.5% 11.1% -49.1%
4. WSBP -28.6% -14.5% -32.3% -55.6% n.a.
Shares Traded 2015 2016 2017 2018 2019 5. WTON -34.4% -14.7% -5.0% -53.5% -72.0%
Volume 1,883 2,454 1,543 2,014 2,178
Value 23,068 24,455 15,051 19,276 26,928 Note:
Index Membership

1. BASIC-IND 11. JII 21.
2. BISNIS-27 12. JII70 22.
4. I-GRADE 14. LQ45 24.
6. IDX80 16. MBX 26.
7. IDXBASIC 17. SMinfra18 27.
8. IDXBUMN20 18. SRI-KEHATI 28.
9. Investor33 19. 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

90
Current Assets 10,538,704 10,373,159 13,801,819 16,007,686 16,658,531
Fixed Asset 25,167,683 30,846,750 32,523,310 32,748,896 56,601,702 70

- - - - - - 60
Total Assets 38,153,119 44,226,896 48,963,503 51,155,890 79,807,067
50
Trade Payable 3,783,246 4,077,757 4,927,077 4,476,149 5,669,759
40
Curr. Maturities - Bank Loans 630,044 866,544 602,177 83,739 2,052,348
- - - - - - 30
- - - - - - 20

Long-term Bonds Payable - - 2,993,704 2,994,902 7,065,345 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 593,152 593,152 593,152 593,152 593,152
32,736
Par Value 100 100 100 100 100 30,574 30,439
Total Equity 27,440,798 30,574,391 30,439,052 32,736,296 33,891,924
Revenues 26,948,004 26,134,306 27,813,664 30,687,626 40,368,107
Gross Profit 10,645,996 9,855,872 7,959,599 9,330,530 12,713,983
Finance Costs -370,005 -363,493 -756,448 -959,259 -3,205,298
EBT 5,850,923 5,084,622 2,746,546 4,104,959 3,195,775
Tax -1,325,482 -549,585 -703,520 -1,019,255 -824,542
2015 2016 2017 2018 2019
40,368
30,688
26,948 26,134
Net Cash - Financing -2,658,247 -780,378 1,548,165 -1,064,938 10,284,852
Net Increase/Decrease in C&CE -961,931 -1,129,574 803,316 1,607,970 -1,266,765
C&CE, end of period 3,964,018 2,834,444 3,637,760 5,245,731 3,950,448
Current Ratio (%) 1.60 1.27 1.57 1.95 1.36
DAR (x) 0.28 0.31 0.38 0.36 0.58
DER (x) 0.39 0.45 0.61 0.56 1.35
EPS (IDR) n.a. n.a. n.a. 445.36 385.52 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 25.82 31.13

PBV (x) 2.46 2.14 1.93 2.08 2.10
ROA (%) 11.86 10.25 4.17 6.03 2.97 4,525 4,535
ROE (%) 16.49 14.83 6.71 9.43 7.00
GPM (%) 39.51 37.71 28.62 30.40 31.50
OPM (%) 21.89 19.03 11.24 15.55 15.09 3,086
NPM (%) 16.79 17.35 7.35 10.06 5.87
2,371
DPS (IDR) 375.34 304.91 0.00 135.83 207.64
2,043
DPR (%) n.a. n.a. n.a. 30.50 53.86
Dividend Yield (%) 3.29 2.76 0.00 1.18 1.73
2015 2016 2017 2018 2019

SRIL
Sri Rejeki Isman Tbk

SRIL Sri Rejeki Isman Tbk

Date: 31 Jan 2020 v2.0.0

PT Sri Rejeki Isman Tbk has a main business field of Integrated textile and textile Established Listing Date IPO Price (IDR) IPO Lead Underwriter
products industry. The company's President Director and President Commisioner PT Bahana
are Iwan Lukminto Lukminto and Hajah Susyana Lukminto. The largest 22 May 1978 17 Jun 2013 240 Securities
shareholder of the company is PT Huddleston Indonesia (59.00%). The
percentage of public shareholding (<5%) is 40.00%. PT Sri Rejeki Isman Tbk has Stock Overview
5 subsidiaries. One of the biggest subsidiaries is GOLDEN MOUNTAIN TEXTILE
AND TRADING PTE.LTD. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=SRIL

Domestic 26,697.4 152.4
66%
Foreign 7,244.7 77.1 E Consumer Cyclicals E41 Apparel & Luxury Goods
34%
Others 1.98% 10.39% E4 Apparel & Luxury Goods E413 Textiles
Year 2019 YTD 2020
Total 33,942.1 229.4
Fundamental & ESG
YTD 2020
3.68x 0.54x 19.63 Low
D 68.7 7.0 75.7
-214.2 1.0
Buy

D 10,142.6 3,313.2 13,455.8 "Foreign Buy-Domestic Sell" minus "Foreign Sell- SRIL Sector PER Market PER
Domestic Buy".
19.84x 17.20x

2019 F - Rp3.00 27-Jun-19 28-Jun-19 03-Jul-19 - - - - - - -
2018 F - Rp8.00 28-May-18 31-May-18 21-Jun-18 - - - - - - -
2017 F - Rp3.00 29-May-17 31-May-17 21-Jun-17 - - - - - - -
2016 F - $0.00 26-May-16 30-May-16 17-Jun-16 - - - - - - -
2015 F - $0.00 07-Jul-15 09-Jul-15 31-Jul-15 - - - - - - -
Industry Peers

1. SRIL Sri Rejeki Isman Tbk 4,499.48 21,743,766 13,479,001 8,264,765 16,480,678 1,222,315
2. TFCO Tifico Fiber Indonesia Tbk 2,073.92 4,372,724 331,566 4,041,158 2,635,914 -73,328
3. INDR Indo-Rama Synthetics Tbk 1,537.73 10,508,370 5,328,792 5,179,578 10,706,267 580,478
4. BELL Trisula Textile Industries Tbk 812.00 590,884 313,832 277,053 714,326 23,214
5. SSTM Sunson Textile Manufacture Tbk 585.45 514,766 314,417 200,349 354,114 -16,267
1. SRIL Sri Rejeki Isman Tbk 3.68 0.54 5.62 14.79 0.62 1.63
2. TFCO Tifico Fiber Indonesia Tbk -28.28 0.50 -1.68 -1.81 0.08 0.08
3. INDR Indo-Rama Synthetics Tbk 2.65 0.29 5.52 11.21 0.51 1.03
4. BELL Trisula Textile Industries Tbk 38.08 2.93 3.93 8.38 0.53 1.13
5. SSTM Sunson Textile Manufacture Tbk -35.99 2.70 -3.16 -8.12 0.61 1.57


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 SRIL*
-35.29%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 352 346 340 346 342 362 344 336 314 284 264 270
Lowest 332 338 334 322 336 336 336 318 278 244 246 220
Close 352 338 336 340 338 350 336 318 284 246 260 220
Adj. Close* 352 338 336 340 338 350 336 318 284 246 260 220
Growth (%) -3.98% -0.59% 1.19% -0.59% 3.55% -4.00% -5.36% -10.69% -13.38% 5.69% -15.38%
Volume (mill.) 9,066 1,072 205 1,603 284 23,209 1,766 338 2,622 785 228 450
Value (bill.) 3,109 368 70 539 97 8,121 607 112 784 215 59 115
Frequency (th.) 174 26 11 34 11 500 82 15 62 29 19 20
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Textiles

Highest 474 404 496 392 364 No. Code 6M YTD 1Y 3Y 5Y
Lowest 150 266 226 312 244
Close 389 266 380 358 260 1. SRIL -37.1% -15.4% -35.3% -5.2% 41.9%
Adj. Close* 389 266 380 358 260 2. TFCO -9.7% -9.3% -33.3% -59.0% -58.9%
Growth (%) -31.62% 42.86% -5.79% -27.37% 3. INDR -47.5% -3.3% -66.1% 224.1% 197.5%
4. BELL 10.9% 7.7% 137.3% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. SSTM 4.2% -5.7% 19.0% 11.1% 395.0%
Volume 47,178 34,313 88,513 47,173 49,514
Value 14,532 9,245 30,916 16,700 16,971 Note:
Index Membership

1. COMPOSITE 11. MBX 21.
2. IDX80 12. MISC-IND 22.
3. IDXCYCLIC 13. 23.
4. IDXESGL 14. 24.
7. IDXV30 17. 27.
8. KOMPAS100 18. 28.
9. LQ45 19. 29.


Date: 31 Jan 2020 v2.0.0

Cash & Cash Equivalents 1,064,022 812,707 1,723,740 1,862,441 2,347,765
25
Current Assets 4,457,362 5,079,147 8,739,147 10,270,325 12,477,437
- - - - - -
Fixed Asset 6,081,456 6,977,375 7,406,799 9,504,375 9,117,187 20
- - - - - -
Total Assets 10,805,485 12,726,172 16,161,423 19,839,243 21,743,766 15
Trade Payable 153,217 74,216 744,350 856,085 487,744

Curr. Maturities - Bank Loans - - 46,966 154,570 118,209 10
Curr. Maturities - Bonds Payable - 403,080 - - -
- - - - - - 5
Current Liabilities 926,341 1,659,721 2,373,446 3,329,468 2,545,533
Long-term Bonds Payable 413,820 - 541,920 945,230 348,625 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 2,100,150 2,045,644 2,268,966 2,435,437 2,335,454
8,265
7,507
Par Value 100 100 100 100 100
Total Equity 3,817,368 4,448,787 5,990,368 7,507,272 8,264,765
4,449
3,817
Revenues 8,579,781 9,135,667 10,287,672 15,035,636 16,480,678
Gross Profit 1,840,333 1,952,936 2,320,376 2,672,500 3,280,506
Finance Costs -488,812 -678,918 -852,842 -922,465 -1,147,783
EBT 890,881 887,149 977,368 1,445,669 1,416,099
Tax -123,053 -89,512 -55,626 -216,055 -193,785
2015 2016 2017 2018 2019
Profit/Loss for the period 2,303,440 797,637 921,743 1,229,614 1,222,315
Profit/Loss Period Attributable 767,789 797,637 921,743 1,229,614 1,222,315
Comprehensive Income 762,617 784,496 890,912 1,253,020 1,124,779 Total Revenue (Bill. Rp)
Comprehensive Attributable 762,572 784,496 890,912 1,253,020 1,124,779
16,481
Net Cash - Operating 811,695 73,053 -390,803 938,086 18,273

Net Cash - Investing -1,457,604 -1,121,380 -407,616 -1,678,722 -700,608
10,288
Net Cash - Financing 583,685 837,119 1,710,901 752,456 1,243,089
9,136
8,580
Net Increase/Decrease in C&CE -62,223 -211,208 912,482 11,820 560,754
C&CE, end of period 1,064,022 812,707 1,723,740 1,862,441 2,347,765
Current Ratio (%) 4.81 3.06 3.68 3.08 4.90
DAR (x) 0.65 0.65 0.63 0.62 0.62
DER (x) 1.83 1.86 1.70 1.64 1.63
EPS (IDR) n.a. n.a. n.a. 73.67 58.72 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 4.86 4.43

PBV (x) 1.89 1.11 1.30 0.98 0.64
ROA (%) 21.32 6.27 5.70 6.20 5.62 2,303
ROE (%) 60.34 17.93 15.39 16.38 14.79
GPM (%) 21.45 21.38 22.55 17.77 19.91
OPM (%) 15.73 16.19 17.67 13.17 15.11
NPM (%) 26.85 8.73 8.96 8.18 7.42
1,230 1,222
DPS (IDR) 0.00 0.00 3.00 8.00 3.00
DPR (%) n.a. n.a. n.a. 10.86 5.11 922
798
Dividend Yield (%) 0.00 0.00 0.79 2.23 1.15
2015 2016 2017 2018 2019

TBIG
Tower Bersama Infrastructure Tbk

TBIG Tower Bersama Infrastructure Tbk

Date: 31 Jan 2020 v2.0.0

PT Tower Bersama Infrastructure Tbk has a main business field of Integrated Established Listing Date IPO Price (IDR) IPO Lead Underwriter
telecommunications infrastructure service provider through subsidiaries. The PT UBS Securities
company's President Director and President Commisioner are Herman Setya 08 Nov 2004 26 Oct 2010 2,025 Indonesia
Budi and Edwin Soeryadjaya. The largest shareholder of the company is Public
(<5%) (39.01%). PT Tower Bersama Infrastructure Tbk has 11 subsidiaries. One Stock Overview
of the biggest subsidiaries is PT Tower Bersama dan Entitas Anak.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TBIG

Domestic 16,561.0 2,826.3
60% Institution 45.75% 18.34%
40%
8%
Year 2019 YTD 2020
Total 27,422.5 3,086.0
Fundamental & ESG
YTD 2020
32.07x 6.55x 27.71 Medium
D 1,307.7 89.1 1,396.8
-1,040.5 32.7
Buy

D 4,697.3 4,103.5 8,800.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TBIG Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2019 F - Rp138.69 31-May-19 10-Jun-19 21-Jun-19 2019 SS 14-Nov-19 5,475 5:1 1,095 0.200
2018 F - Rp169.11 08-May-18 11-May-18 24-May-18 - - - - - - -
2017 F - Rp149.53 26-May-17 30-May-17 13-Jun-17 - - - - - - -
2016 I - Rp72.30 25-Aug-16 29-Aug-16 16-Sep-16 - - - - - - -
2016 F - Rp57.07 19-May-16 23-May-16 09-Jun-16 - - - - - - -
Industry Peers

5. ISAT Indosat Tbk 12,443.71 62,813,000 49,105,807 13,707,193 26,117,533 1,630,372
5. ISAT Indosat Tbk 7.93 1.05 2.60 11.89 0.78 3.58


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 TBIG*
17.41%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 4,940 4,200 4,060 3,790 3,960 4,480 5,975 6,525 6,825 6,100 1,230 1,240
Lowest 3,980 3,610 3,620 3,050 3,780 3,850 4,170 5,500 6,150 1,000 1,080 1,090
Close 3,980 3,940 3,950 3,660 3,790 4,200 5,975 6,125 6,325 1,095 1,230 1,160
Adj. Close* 3,980 3,940 3,950 3,660 3,790 4,200 5,975 6,125 6,325 5,475 6,150 5,800
Growth (%) -1.01% 0.25% -7.34% 3.55% 10.82% 42.26% 2.51% 3.27% -13.44% 12.33% -5.69%
Volume (mill.) 23 72 38 405 86 387 320 297 633 629 1,168 1,305
Value (bill.) 106 278 146 1,373 331 1,566 1,495 1,803 4,086 964 1,350 1,543
Frequency (th.) 20 46 31 60 28 35 46 46 61 58 87 82
Days 19 20 19 21 15 23 22 21 23 21 19 22
Lowest 5,775 5,600 4,940 3,520 1,000
Close 5,875 6,300 6,425 3,600 1,230 1. TBIG 38.1% -5.7% 17.9% 17.2% -38.9%
Adj. Close* 1,175 1,260 1,285 720 246 2. TOWR 14.2% 5.0% 0.0% 20.7% 8.1%
Growth (%) 7.23% 1.98% -43.97% -65.83% 3. EXCL -10.2% -7.9% 33.6% -0.3% -39.6%
4. FREN -40.5% -25.4% -29.9% 69.5% 24.6%
Volume 1,183 1,114 841 544 4,108
Value 9,753 6,580 5,020 2,690 13,711 Note:
Index Membership

2. IDX80 12. MBX 22.
4. IDXG30 14. 24.
5. IDXINFRA 15. 25.
9. Investor33 19. 29.
10. KOMPAS100 20. 30.


Date: 31 Jan 2020 v2.0.0

35
Current Assets 2,605,510 1,960,672 1,971,501 2,027,465 2,376,740
Investment Properties 16,120,453 17,963,131 168,689 181,608 266,186 30
Fixed Asset 534,039 429,307 19,798,733 21,878,608 24,649,294
25
- - - - - -
Total Assets 22,799,671 23,620,268 25,595,785 29,113,747 30,871,710 20
Trade Payable 192,629 184,918 192,884 231,711 247,591
15
Curr. Maturities - Bank Loans 246,422 1,012,362 - - -
Curr. Maturities - Bonds Payable 189,229 - - - - 10
- - - - - -

- - - - - -
Common Stocks 479,653 453,140 453,140 453,140 453,140
5,523
Par Value 100 100 100 100 20
Total Equity 1,590,796 1,624,142 3,185,080 3,679,565 5,523,284 3,680
3,185
Revenues 3,421,177 3,711,174 4,023,085 4,318,137 4,698,742
Gross Profit 2,972,267 3,293,509 3,355,324 3,534,055 3,795,288 1,591 1,624
Finance Costs -1,606,794 -1,790,901 -1,964,030 -2,071,597 -2,016,910
EBT 1,089,197 1,363,951 907,639 1,034,285 1,303,989
Tax 355,830 -62,558 1,431,390 -331,653 -437,868
2015 2016 2017 2018 2019
Profit/Loss for the period 1,445,027 1,301,393 2,339,029 702,632 866,121
Profit/Loss Period Attributable 1,429,903 1,290,357 2,316,368 680,581 819,454
Comprehensive Attributable 747,381 1,522,450 2,253,607 1,740,522 2,285,137 4,699
4,318
3,421
Net Increase/Decrease in C&CE -621,925 73,846 40,409 -194,100 312,232
C&CE, end of period 296,131 365,342 407,444 220,586 525,242
Current Ratio (%) 1.36 0.68 0.99 0.32 0.53
DAR (x) 0.93 0.93 0.88 0.87 0.82
DER (x) 13.33 13.54 7.04 6.91 4.59
EPS (IDR) n.a. n.a. n.a. 455.21 29.53 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 7.91 41.65

PBV (x) 17.71 17.58 9.14 4.43 5.05
ROA (%) 6.34 5.51 9.14 2.41 2.81 2,339
ROE (%) 90.84 80.13 73.44 19.10 15.68
GPM (%) 86.88 88.75 83.40 81.84 80.77
OPM (%) 77.78 80.24 74.87 73.01 71.70
1,445
NPM (%) 42.24 35.07 58.14 16.27 18.43 1,301
DPS (IDR) 0.00 129.37 149.53 169.11 138.69
DPR (%) n.a. n.a. n.a. 37.15 469.64 866
703
Dividend Yield (%) 0.00 2.05 2.33 4.70 11.28
2015 2016 2017 2018 2019

TKIM
Pabrik Kertas Tjiwi Kimia Tbk

TKIM Pabrik Kertas Tjiwi Kimia Tbk

Date: 31 Jan 2020 v2.0.0

PT Pabrik Kertas Tjiwi Kimia Tbk has a main business field of Pulp and paper. Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Suhendra PT Ficorinvest
Wiriadinata and Saleh Husin , SE, MSi. The largest shareholder of the company 02 Oct 1972 03 Apr 1990 9,500
is PT Purinusa Ekapersada (59.67%). The percentage of public shareholding
(<5%) is 40.33%. PT Pabrik Kertas Tjiwi Kimia Tbk has 8 subsidiaries. One of Stock Overview
the biggest subsidiaries is Marshall Enterprise Ltd.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TKIM

Domestic 11,090.4 217.6
74% 69%
Foreign 3,918.6 98.1 B Basic Materials B15 Forestry & Paper
26% 31%
Others 26.61% 18.66% B1 Basic Materials B152 Paper
Year 2019 YTD 2020
Total 15,009.1 315.7
Fundamental & ESG
YTD 2020
12.20x 1.45x 39.72 High
D 76.4 34.6 111.0
579.4 -4.5
Buy

D 4,254.7 1,000.8 5,255.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TKIM Sector PER Market PER
Domestic Buy".
18.00x 17.20x

2019 F - Rp50.00 08-Jul-19 09-Jul-19 31-Jul-19 2014 RI 04-Jul-14 1,890 1:1 1,445 0.765
2018 F - Rp30.00 05-Jul-18 09-Jul-18 27-Jul-18 1997 RI 01-Jul-97 2,825 20:16 2,025 0.713
2017 F - Rp5.00 20-Jun-17 22-Jun-17 14-Jul-17 1996 - 03-Sep-96 2,400 0.1:0.1 2,000 0.833
2016 F - Rp5.00 13-Jul-16 15-Jul-16 29-Jul-16 - - - - - - -
2016 F - Rp5.00 13-Jul-16 15-Jul-16 29-Jul-16 - - - - - - -
Industry Peers

1. TKIM Pabrik Kertas Tjiwi Kimia Tbk 28,330.33 42,704,206 23,385,877 19,318,329 14,602,061 2,322,066
2. INKP Indah Kiat Pulp & Paper Tbk 36,929.13 118,561,087 62,701,921 55,859,166 44,946,869 3,826,369
3. INRU Toba Pulp Lestari Tbk 1,104.16 6,705,955 4,605,964 2,099,991 1,451,089 -271,370
4. KBRI Kertas Basuki Rachmat Indonesia 434.40 n.a. n.a. n.a. n.a. n.a.
5. SWAT Sriwahana Adityakarta Tbk 259.65 605,688 251,116 354,572 265,850 3,102
1. TKIM Pabrik Kertas Tjiwi Kimia Tbk 12.20 1.45 5.44 12.02 0.55 1.21
2. INKP Indah Kiat Pulp & Paper Tbk 9.65 0.66 3.23 6.85 0.53 1.12
3. INRU Toba Pulp Lestari Tbk -4.07 0.49 -4.05 -12.92 0.69 2.19
4. KBRI Kertas Basuki Rachmat Indonesia -12.67 3.20 n.a. n.a. n.a. n.a.
5. SWAT Sriwahana Adityakarta Tbk 83.69 0.74 0.51 0.87 0.41 0.71


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 TKIM*
-32.22%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 13,475 11,900 10,900 10,200 13,000 12,975 11,550 10,900 11,000 12,325 11,650 11,425
Lowest 11,175 9,825 9,425 5,675 10,025 11,450 9,300 9,300 9,700 9,200 10,000 9,100
Close 11,175 11,025 10,075 10,200 12,575 12,000 9,950 10,550 10,575 9,200 10,275 9,100
Adj. Close* 11,175 11,025 10,075 10,200 12,575 12,000 9,950 10,550 10,575 9,200 10,275 9,100
Growth (%) -1.34% -8.62% 1.24% 23.28% -4.57% -17.08% 6.03% 0.24% -13.00% 11.68% -11.44%
Volume (mill.) 78 41 25 82 124 33 59 31 25 33 55 15
Value (bill.) 881 448 262 654 1,448 405 611 320 261 366 604 158
Frequency (th.) 47 38 32 63 61 39 52 29 30 39 31 25
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Paper

Lowest 475 485 755 2,970 5,675
Close 495 492 2,920 11,100 10,275 1. TKIM -24.2% -11.4% -32.5% 976.9% 983.3%
Adj. Close* 495 492 2,920 11,100 10,275 2. INKP -9.7% -12.3% -48.1% 545.9% 519.3%
Growth (%) -0.61% 493.50% 280.14% -7.43% 3. INRU 33.6% 0.6% -9.7% 156.5% -30.9%
4. KBRI 0.0% 0.0% 0.0% 0.0% -13.8%
Shares Traded 2015 2016 2017 2018 2019 5. SWAT -25.2% -16.5% -31.2% n.a. n.a.
Volume 63 70 859 2,742 683
Value 43 47 1,631 30,414 7,505 Note:
Frequency 29 9 91 1,074 540 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership

1. BASIC-IND 11. KOMPAS100 21.
4. IDXBASIC 14. MBX 24.
7. IDXV30 17. 27.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 31 Jan 2020 v2.0.0

Trade receivables 1,114,321 948,770 1,563,995 1,790,498 1,473,108 Total Asset & Liabilities (Bill. Rp)
50
Current Assets 11,439,792 8,045,127 9,554,510 13,693,896 12,258,687
45
- - - - - -
Fixed Asset 17,175,434 15,639,638 14,899,860 15,028,343 13,513,514 40
- - - - - - 35
Total Assets 37,021,344 33,472,865 34,965,695 43,119,008 42,704,206 30
Trade Payable 1,200,809 1,226,425 701,868 949,316 863,251 25

- - - - - - 10
Long-term Bonds Payable - - - 318,106 130,734 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 8,989,260 8,755,959 9,277,806 9,958,507 9,549,675
Par Value 1,000 1,000 1,000 1,000 1,000 19,318
17,962
Total Equity 13,188,705 12,590,580 13,503,834 17,962,060 19,318,329
13,189 13,504
12,591
Revenues 14,656,553 13,394,375 13,706,715 15,353,444 14,602,061
Gross Profit 1,525,878 1,479,787 1,478,696 1,678,467 1,494,388
Operating Profit/Loss 179,681 146,963 353,332 576,212 365,554
Finance Costs -605,032 -545,958 -553,598 -838,913 -869,861
EBT -160,824 11,851 481,523 3,647,163 2,575,614
Tax 180,853 90,975 -111,527 -74,062 -253,548
2015 2016 2017 2018 2019
Profit/Loss for the period 20,029 102,826 369,996 3,573,100 2,322,066
Profit/Loss Period Attributable 20,029 102,826 369,996 3,573,100 2,322,066
Comprehensive Income 365,555 -246,013 373,098 3,547,855 2,244,573 Total Revenue (Bill. Rp)
Comprehensive Attributable 365,555 -246,013 373,098 3,547,855 2,244,573
Net Cash - Operating 4,879,710 2,031,483 619,401 594,084 2,222,959

14,657 14,602
Net Cash - Investing -5,208,766 1,207,211 -1,415,658 -1,951,565 -113,791
Net Cash - Financing -1,032,619 -2,328,687 973,681 1,773,804 -1,702,517
Net Increase/Decrease in C&CE -1,361,675 910,007 177,425 416,323 406,650 13,707
C&CE, end of period 695,080 1,501,003 1,691,251 2,229,187 2,543,066 13,394
Current Ratio (%) 1.43 1.39 1.44 1.70 1.63
DAR (x) 0.64 0.62 0.61 0.58 0.55
DER (x) 1.81 1.66 1.59 1.40 1.21
EPS (IDR) n.a. n.a. n.a. 1,210.22 653.18 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 9.17 15.73

PBV (x) 0.10 0.10 0.67 1.92 1.66
ROA (%) 0.05 0.31 1.06 8.29 5.44
3,573
ROE (%) 0.15 0.82 2.74 19.89 12.02
GPM (%) 10.41 11.05 10.79 10.93 10.23
OPM (%) 1.23 1.10 2.58 3.75 2.50
2,322
NPM (%) 0.14 0.77 2.70 23.27 15.90
DPS (IDR) 10.00 10.00 5.00 30.00 50.00
DPR (%) n.a. n.a. n.a. 2.48 7.65
Dividend Yield (%) 2.02 2.03 0.17 0.27 0.49
Miscellaneous Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 370
No. of Listed Shares, million 2,671 2,671 3,113 3,113 3,113 20 103

2015 2016 2017 2018 2019

TLKM
Telkom Indonesia (Persero) Tbk

TLKM Telkom Indonesia (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Telkom Indonesia (Persero) Tbk has a main business field of Established Listing Date IPO Price (IDR) IPO Lead Underwriter
Telecommunication network and service operator. The company's President PT Bahana
Director and President Commisioner are Ririek Adriansyah and Bambang 24 Sep 1991 14 Nov 1995 2,050 Securities
Permadi Soemantri Brodjonegoro. The largest shareholder of the company is
Republic of Indonesia (52.09%). The percentage of public shareholding (<5%) is Stock Overview
47.91%. PT Telkom Indonesia (Persero) Tbk has 11 subsidiaries. One of the
biggest subsidiaries is PT Telekomunikasi Selular ("Telkomsel"). Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TLKM

Domestic 65,204.8 6,036.9
32%
40%
Foreign 139,535.0 9,135.1 J Infrastructures J31 Telecommunication Service
68% 60% Individual 0.12% 0.20%
Others 18.21% 25.04% J3 Telecommunication J312 Integrated Telecommunication Service
Year 2019 YTD 2020
Total 204,739.7 15,172.0
Fundamental & ESG
YTD 2020
20.17x 3.23x 26.71 Medium
D 1,435.0 1,969.6 3,404.7
1,808.1 -772.4
Buy

D 11,149.9 20,548.4 31,698.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TLKM Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2019 F - Rp163.82 12-Jun-19 13-Jun-19 27-Jun-19 2013 SS 28-Aug-13 10,100 5:1 2,025 0.200
2017 F - Rp136.76 03-May-17 05-May-17 26-May-17 1999 BS 25-Jun-99 4,600 50:4 4,275 0.926
2016 I - Rp19.38 15-Dec-16 19-Dec-16 27-Dec-16 - - - - - - -
2016 F - Rp94.64 02-May-16 04-May-16 26-May-16 - - - - - - -
Industry Peers

1. TLKM Telkom Indonesia (Persero) Tbk 376,436.42 221,208,000 103,958,000 117,250,000 135,567,000 27,592,000
1. TLKM Telkom Indonesia (Persero) Tbk 20.17 3.23 12.47 23.53 0.47 0.89


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 TLKM*
-1.81%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 3,930 3,950 4,050 3,900 4,140 4,350 4,470 4,410 4,350 4,200 4,100 4,030
Lowest 3,740 3,730 3,780 3,510 3,900 4,160 4,080 4,160 4,090 3,820 3,900 3,800
Close 3,860 3,950 3,790 3,900 4,140 4,300 4,450 4,310 4,110 3,930 3,970 3,800
Adj. Close* 3,860 3,950 3,790 3,900 4,140 4,300 4,450 4,310 4,110 3,930 3,970 3,800
Growth (%) 2.33% -4.05% 2.90% 6.15% 3.86% 3.49% -3.15% -4.64% -4.38% 1.02% -4.28%
Volume (mill.) 1,790 1,796 2,203 2,822 1,597 1,738 2,261 1,891 2,023 2,682 1,878 1,950
Value (bill.) 6,901 6,835 8,598 10,552 6,414 7,369 9,743 8,068 8,497 10,793 7,502 7,586
Frequency (th.) 146 143 145 207 158 163 154 130 159 196 158 188
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Integrated Telecommunication Service
Lowest 2,600 3,060 3,830 3,270 3,510
Close 3,105 3,340 4,440 3,750 3,970 1. TLKM -11.6% -4.3% -2.6% -1.8% 34.3%
Adj. Close* 3,105 3,340 4,440 3,750 3,970 2. TOWR 14.2% 5.0% 0.0% 20.7% 8.1%
Growth (%) 7.57% 32.93% -15.54% 5.87% 3. EXCL -10.2% -7.9% 33.6% -0.3% -39.6%
4. TBIG 38.1% -5.7% 17.9% 17.2% -38.9%
Shares Traded 2015 2016 2017 2018 2019 5. FREN -40.5% -25.4% -29.9% 69.5% 24.6%
Volume 23,627 30,494 27,164 29,619 25,565
Value 67,354 115,531 116,546 111,288 102,370 Note:
Index Membership

1. BISNIS-27 11. IDXQ30 21. SMinfra18
2. COMPOSITE 12. INFRASTRUC 22. SRI-KEHATI
3. I-GRADE 13. Investor33 23.
4. IDX30 14. ISSI 24.
5. IDX80 15. JII 25.
6. IDXBUMN20 16. JII70 26.
7. IDXESGL 17. KOMPAS100 27.
8. IDXG30 18. LQ45 28.
10. IDXINFRA 20. MNC36 30.


Date: 31 Jan 2020 v2.0.0

250
Current Assets 47,912,000 47,701,000 47,561,000 43,268,000 41,722,000
- - - - - -
Fixed Asset 103,700,000 114,498,000 130,171,000 143,248,000 156,973,000 200
- - - - - -
Total Assets 166,173,000 179,611,000 198,484,000 206,196,000 221,208,000 150
Trade Payable 13,994,000 13,518,000 15,574,000 14,766,000 13,897,000

Curr. Maturities - Bank Loans 2,928,000 3,637,000 4,110,000 4,472,000 5,434,000 100
Curr. Maturities - Bonds Payable - - - - 1,995,000
- - - - - - 50
- - - - - -
Common Stocks 5,040,000 5,040,000 5,040,000 4,953,000 4,953,000
117,303 117,250
Par Value 50 50 50 50 50 112,130
105,544
Total Equity 93,428,000 105,544,000 112,130,000 117,303,000 117,250,000
Revenues 102,470,000 116,333,000 128,256,000 130,784,000 135,567,000
- - - - - -
Operating Profit/Loss -3,586,000 -3,218,000 -2,987,000 -4,283,000 -5,077,000
Finance Costs -2,481,000 -2,810,000 -2,769,000 -3,507,000 -4,240,000
EBT 31,342,000 38,189,000 42,659,000 36,405,000 37,908,000
Tax -8,025,000 -9,017,000 -9,958,000 -9,426,000 -10,316,000
2015 2016 2017 2018 2019
128,256 130,784

Net Increase/Decrease in C&CE 9,841,000 1,769,000 -4,654,000 -7,877,000 911,000
C&CE, end of period 28,117,000 29,767,000 25,145,000 17,439,000 18,242,000
Current Ratio (%) 1.35 1.20 1.05 0.94 0.71
DAR (x) 0.44 0.41 0.44 0.43 0.47
DER (x) 0.78 0.70 0.77 0.76 0.89
EPS (IDR) n.a. n.a. n.a. 186.30 204.51 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 20.13 19.41

BV (IDR) 927 1,047 1,112 1,184 1,184 Profit/Loss for the Period (Bill. Rp)
PBV (x) 3.35 3.19 3.99 3.17 3.35
ROA (%) 37.38 16.24 16.48 13.08 12.47
62,123
ROE (%) 66.49 27.64 29.16 23.00 23.53
GPM (%) n.a. n.a. n.a. n.a. n.a.
OPM (%) -3.50 -2.77 -2.33 -3.27 -3.75
NPM (%) 60.63 25.08 25.50 20.63 20.35
DPS (IDR) 74.55 114.02 136.76 167.66 163.82 32,701
29,172 27,592
26,979
DPR (%) n.a. n.a. n.a. 90.00 80.11
Dividend Yield (%) 2.40 3.41 3.08 4.47 4.13
2015 2016 2017 2018 2019

TOWR
Sarana Menara Nusantara Tbk

TOWR Sarana Menara Nusantara Tbk

Date: 31 Jan 2020 v2.0.0

PT Sarana Menara Nusantara Tbk has a main business field of Investment and Established Listing Date IPO Price (IDR) IPO Lead Underwriter
telecommunications support services. The company's President Director and PT Dinamika
President Commisioner are Ferdinandus Aming Santoso and Tonny Kusnadi. 02 Jun 2008 08 Mar 2010 1,050 Usahajaya
The largest shareholder of the company is PT SAPTA ADHIKARI INVESTAMA
(54.42%). The percentage of public shareholding (<5%) is 42.45%. PT Sarana Stock Overview
Menara Nusantara Tbk has 10 subsidiaries. One of the biggest subsidiaries is PT
Profesional Telekomunikasi Indonesia. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=TOWR

Domestic 9,171.3 1,940.5
61% Institution 65.19% 85.02%
75%
39%
Year 2019 YTD 2020
Total 14,991.9 2,574.8
Fundamental & ESG
YTD 2020
18.41x 5.19x 27.13 Medium
D 727.9 376.8 1,104.7
-1,847.3 -268.9
Buy

D 2,827.0 2,682.3 5,509.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- TOWR Sector PER Market PER
Domestic Buy".
F 835.0 1,151.7 1,986.7 A positive net foreign indicates a net buy by
18.41x 17.20x

2019 I - Rp6.00 16-Dec-19 17-Dec-19 20-Dec-19 2018 SS 28-Jun-18 3,040 5:1 610 0.200
2019 F - Rp17.52 06-May-19 07-May-19 24-May-19 2013 SS 22-Jul-13 27,850 10:1 2,775 0.100
2018 I - Rp6.00 19-Dec-18 18-Dec-18 21-Dec-18 - - - - - - -
2018 F - Rp87.61 18-May-18 22-May-18 07-Jun-18 - - - - - - -
2017 I - Rp30.00 11-Dec-17 14-Dec-17 22-Dec-17 - - - - - - -
Industry Peers

5. ISAT Indosat Tbk 12,443.71 62,813,000 49,105,807 13,707,193 26,117,533 1,630,372
5. ISAT Indosat Tbk 7.93 1.05 2.60 11.89 0.78 3.58


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 TOWR*
4.32%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 855 830 780 760 740 815 760 695 670 740 805 850
Lowest 770 760 695 665 705 705 675 635 610 620 735 785
Close 790 785 775 720 705 740 705 655 660 730 805 845
Adj. Close* 790 785 775 720 705 740 705 655 660 730 805 845
Growth (%) -0.63% -1.27% -7.10% -2.08% 4.96% -4.73% -7.09% 0.76% 10.61% 10.27% 4.97%
Volume (mill.) 1,042 480 868 445 193 326 678 2,211 659 868 1,224 1,581
Value (bill.) 854 380 763 319 140 254 489 1,432 423 583 924 1,287
Frequency (th.) 37 23 27 16 14 23 27 63 31 130 178 336
Days 19 20 19 21 15 23 22 21 23 21 19 22
Highest 4,750 4,850 4,150 4,000 855 No. Code 6M YTD 1Y 3Y 5Y
Lowest 3,720 4,495 3,200 458 610
Close 4,750 4,495 4,000 690 805 1. TOWR 14.2% 5.0% 0.0% 20.7% 8.1%
Adj. Close* 950 899 800 138 805 2. EXCL -10.2% -7.9% 33.6% -0.3% -39.6%
Growth (%) -5.37% -11.01% -82.75% 483.33% 3. TBIG 38.1% -5.7% 17.9% 17.2% -38.9%
4. FREN -40.5% -25.4% -29.9% 69.5% 24.6%
Volume 243 476 3,881 4,430 10,230
Value 967 1,819 15,438 4,589 7,496 Note:
Index Membership

1. BISNIS-27 11. KOMPAS100 21.
3. IDX30 13. MBX 23.
4. IDX80 14. MNC36 24.
6. IDXG30 16. 26.
7. IDXHIDIV20 17. 27.
8. IDXINFRA 18. 28.
10. Investor33 20. 30.


Date: 31 Jan 2020 v2.0.0

Cash & Cash Equivalents 2,986,834 2,905,307 2,348,338 963,383 593,765
Trade receivables 470,519 351,699 623,995 821,037 1,347,552 Total Asset & Liabilities (Bill. Rp)
Inventories 11,076 - - - - Asset Liabilities
30
Current Assets 3,533,386 3,594,550 3,049,717 2,275,390 2,474,389
Investment Properties 14,683,352 18,268,830 - - -
25
Fixed Asset 157,179 238,958 12,600,558 15,980,147 19,648,004
- - - - - - 20
Total Assets 21,416,709 25,025,207 18,763,478 22,959,618 27,665,695
Trade Payable 216,607 189,327 276,405 697,115 633,818 15
Curr. Maturities - Bank Loans 446,139 516,745 633,821 1,732,795 1,194,767

Curr. Maturities - Bonds Payable - 998,701 - 657,906 - 10
- - - - - -
5
- - - - - -
Common Stocks 510,146 510,146 510,146 510,146 510,146
Par Value 50 50 50 10 10
8,761
7,679
Total Equity 7,678,539 10,708,346 7,101,812 8,033,280 8,760,621 7,102
Revenues 4,469,784 5,053,112 5,337,939 5,867,860 6,454,302
Gross Profit 3,898,283 4,384,339 4,165,641 4,325,975 4,646,362
Finance Costs -562,512 -668,868 -687,309 -872,278 -957,884
EBT 3,957,815 3,709,302 2,802,960 2,951,707 3,008,859
Tax -993,129 -1,039,151 -702,822 -751,647 -655,770
2015 2016 2017 2018 2019
6,454
5,338
Net Cash - Financing -706,778 -125,724 -2,744,086 -839,148 1,235,802

Net Increase/Decrease in C&CE 749,431 -18,009 -594,301 -1,510,161 -338,146
C&CE, end of period 2,986,834 2,905,307 2,348,338 963,383 593,765
Current Ratio (%) 1.79 1.09 1.37 0.48 0.54
DAR (x) 0.64 0.57 0.62 0.65 0.68
DER (x) 1.79 1.34 1.64 1.86 2.16
EPS (IDR) n.a. n.a. n.a. 36.75 40.99 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 18.78 19.64

BV (IDR) 753 1,050 696 157 172 Profit/Loss for the Period (Bill. Rp)
PBV (x) 6.31 4.28 5.75 4.38 4.69
ROA (%) 41.50 12.16 11.19 9.58 8.51
8,888
ROE (%) 115.75 28.42 29.57 27.39 26.86
GPM (%) 87.21 86.77 78.04 73.72 71.99
OPM (%) 75.75 78.14 69.48 65.06 62.53
NPM (%) 198.84 60.22 39.34 37.49 36.46
DPS (IDR) 0.00 0.00 98.60 93.61 23.52
DPR (%) n.a. n.a. n.a. 254.75 57.38
3,043
Dividend Yield (%) 0.00 0.00 2.47 13.57 2.92 2,200 2,353
2,100
2015 2016 2017 2018 2019

UNTR
United Tractors Tbk

UNTR United Tractors Tbk

Date: 31 Jan 2020 v2.0.0

PT United Tractors Tbk has a main business field of Wholesale (durable goods). Established Listing Date IPO Price (IDR) IPO Lead Underwriter
The company's President Director and President Commisioner are Frans PT Aseam Indonesia
Kesuma and Djony Bunarto Tjondro. The largest shareholder of the company is 19 Oct 1972 19 Sep 1989 7,250
PT Astra International Tbk (59.50%). The percentage of public shareholding
(<5%) is 40.50%. PT United Tractors Tbk has 12 subsidiaries. One of the biggest Stock Overview
subsidiaries is PT Pamapersada Nusantara.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=UNTR

Domestic 32,257.7 2,326.3
51% Institution 47.62% 51.94%
61%
Foreign 31,254.9 1,511.9 C Industrials C14 Machinery
49% Individual 0.31% 0.32%
39%
Others 19.05% 29.68% C1 Industrial Goods C141 Construction Machinery & Heavy
Year 2019 YTD 2020 Vehicles
Total 63,512.6 3,838.2
Fundamental & ESG
YTD 2020
6.33x 1.21x 36.09 High
D 684.3 421.7 1,106.0
-1,915.2 114.4
Buy

D 8,385.6 8,700.9 17,086.5 "Foreign Buy-Domestic Sell" minus "Foreign Sell- UNTR Sector PER Market PER
Domestic Buy".
8.76x 17.20x

2019 I - Rp408.00 08-Oct-19 09-Oct-19 23-Oct-19 2011 RI 10-May-11 23,400 33:4 22,500 0.961
2019 F - Rp828.00 29-Apr-19 30-Apr-19 17-May-19 2008 RI 27-Aug-08 10,750 6:1 10,300 0.957
2018 I - Rp365.00 05-Oct-18 09-Oct-18 22-Oct-18 2004 RI 25-May-04 975 5:4 780 0.795
2018 F - Rp611.00 24-Apr-18 26-Apr-18 15-May-18 2000 SS 05-Sep-00 1,970 4:1 495 0.250
2017 I - Rp410.00 30-Nov-17 05-Dec-17 20-Dec-17 2000 BS 08-Jun-00 6,275 5:9 2,250 0.357
Industry Peers

1. UNTR United Tractors Tbk 71,618.59 111,713,375 50,603,301 61,110,074 84,430,478 11,134,641
2. HEXA Hexindo Adiperkasa Tbk 2,604.00 n.a. n.a. n.a. n.a. n.a.
3. INTA Intraco Penta Tbk 1,636.42 4,055,100 4,299,038 -243,938 1,962,957 -473,029
4. SKRN Superkrane Mitra Utama Tbk 780.00 1,672,444 935,069 737,375 682,378 137,433
5. KOBX Kobexindo Tractors Tbk 249.98 1,721,422 1,273,851 447,571 996,597 1,936
1. UNTR United Tractors Tbk 6.33 1.21 9.97 18.22 0.45 0.83
2. HEXA Hexindo Adiperkasa Tbk 3.96 1.13 n.a. n.a. n.a. n.a.
3. INTA Intraco Penta Tbk -3.71 17.94 -11.67 193.91 1.06 -17.62
4. SKRN Superkrane Mitra Utama Tbk 5.68 1.10 8.22 18.64 0.56 1.27
5. KOBX Kobexindo Tractors Tbk 193.70 0.53 0.11 0.43 0.74 2.85


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 UNTR*
-26.44%
IHSG
-9.15%
LQ45
-7.65%
Sector**
*Adjusted Close Price; **Industrials
Highest 27,950 28,000 27,675 27,150 28,200 28,825 24,575 23,500 21,925 23,800 22,375 23,050
Lowest 24,825 26,000 25,450 24,300 26,550 24,925 19,975 20,400 20,050 20,900 20,450 19,200
Close 26,500 27,050 27,175 25,350 28,200 24,925 20,925 20,575 21,675 20,925 21,525 19,200
Adj. Close* 26,500 27,050 27,175 25,350 28,200 24,925 20,925 20,575 21,675 20,925 21,525 19,200
Growth (%) 2.08% 0.46% -6.72% 11.24% -11.61% -16.05% -1.67% 5.35% -3.46% 2.87% -10.80%
Volume (mill.) 153 107 91 92 71 89 144 112 88 74 61 91
Value (bill.) 4,028 2,865 2,431 2,348 1,933 2,424 3,128 2,435 1,832 1,644 1,306 1,919
Frequency (th.) 145 110 103 106 72 88 139 103 84 84 75 97
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Construction Machinery & Heavy Vehicles
Lowest 14,000 15,800 21,000 27,150 19,975
Close 16,950 17,400 35,400 27,350 21,525 1. UNTR -23.0% -10.8% -25.4% -12.1% 7.3%
Adj. Close* 16,950 17,400 35,400 27,350 21,525 2. HEXA -7.7% -10.7% 1.3% -6.1% -18.4%
Growth (%) 2.65% 103.45% -22.74% -21.30% 3. INTA 3.4% -1.6% 2.9% 72.1% 127.2%
4. SKRN 23.8% -5.5% 14.5% n.a. n.a.
Shares Traded 2015 2016 2017 2018 2019 5. KOBX -38.5% -7.6% -37.5% 13.4% -35.3%
Volume 879 1,434 1,100 1,258 1,284
Value 16,973 25,349 31,014 42,200 31,756 Note:
Index Membership

1. BISNIS-27 11. JII 21.
3. IDX30 13. KOMPAS100 23.
4. IDX80 14. LQ45 24.
6. IDXINDUST 16. MNC36 26.
7. IDXQ30 17. SMinfra18 27.
8. IDXV30 18. SRI-KEHATI 28.
9. Investor33 19. TRADE 29.
10. ISSI 20. 30.


Date: 31 Jan 2020 v2.0.0

140
Current Assets 39,259,708 42,197,323 51,202,200 55,651,808 50,826,955
Fixed Asset 12,659,736 12,072,399 16,374,852 24,584,551 27,469,005
100
- - - - - -
Total Assets 61,715,399 63,991,229 82,262,093 116,281,017 111,713,375 80
Trade Payable 13,407,092 14,119,472 20,239,249 32,362,162 20,909,134
60
Curr. Maturities - Bank Loans 586,288 - 632,240 - 2,432,677
- - - - - - 40
- - - - - -
Long-term Bank Loans 228,480 - 2,709,600 2,896,200 10,078,232 -

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 932,534 932,534 932,534 932,534 932,534
57,051
Par Value 250 250 250 250 250
Total Equity 39,250,325 42,621,943 47,537,925 57,050,679 61,110,074 42,622
39,250
Revenues 49,347,479 45,539,238 64,559,204 84,624,733 84,430,478
Gross Profit 11,702,293 9,660,964 14,483,872 21,202,526 21,230,653
Finance Costs -323,654 -490,726 -874,451 -1,437,596 -2,333,765
EBT 4,192,746 6,730,030 10,522,657 15,801,719 15,476,885
Tax -1,400,307 -1,625,553 -2,849,335 -4,303,310 -4,342,244
2015 2016 2017 2018 2019
Comprehensive Attributable 4,275,920 5,115,001 7,020,246 12,057,482 9,043,173 84,625 84,430
Net Cash - Financing -3,789,232 -3,027,686 300,175 1,120,862 -830,690 49,347
45,539
Net Increase/Decrease in C&CE 4,443,317 4,492,655 1,300,226 -7,650,208 -1,152,246
C&CE, end of period 15,413,210 19,460,864 20,831,489 13,438,175 12,090,661
Current Ratio (%) 2.15 2.30 1.80 1.14 1.56
DAR (x) 0.36 0.33 0.42 0.51 0.45
DER (x) 0.57 0.50 0.73 1.04 0.83
EPS (IDR) n.a. n.a. n.a. 2,905.10 2,866.72 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 9.41 7.51

PBV (x) 1.61 1.52 2.78 1.79 1.31
ROA (%) 15.29 7.98 9.33 9.89 9.97
ROE (%) 24.05 11.98 16.14 20.15 18.22 11,498
11,135
GPM (%) 23.71 21.21 22.44 25.05 25.15
9,438
OPM (%) 17.40 14.73 16.66 19.93 19.67
NPM (%) 19.13 11.21 11.89 13.59 13.19 7,673
DPS (IDR) 991.00 583.00 1,367.00 976.00 1,236.00

DPR (%) n.a. n.a. n.a. 33.60 43.12 5,104
Dividend Yield (%) 5.85 3.35 3.86 3.57 5.74
2015 2016 2017 2018 2019

UNVR
Unilever Indonesia Tbk

UNVR Unilever Indonesia Tbk

Date: 31 Jan 2020 v2.0.0

PT Unilever Indonesia Tbk has a main business field of Fast moving consumer Established Listing Date IPO Price (IDR) IPO Lead Underwriter
goods. The company's President Director and President Commisioner are Ira PT Aseam Indonesia
Noviarti and Hemant Bakshi. The largest shareholder of the company is Unilever 16 Apr 1905 11 Jan 1982 3,175
Indonesia Holding B.V. (84.99%). The percentage of public shareholding (<5%) is
15.01%. Stock Overview
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=UNVR

Domestic 25,353.2 2,012.2
48% 57% Institution 72.29% 55.45%
Foreign 27,145.4 1,490.5 D Consumer Non-Cyclicals D42 Personal Care Products
52% 43% Individual 0.21% 0.13%
Others 19.75% 18.81% D4 Nondurable Household Products D421 Personal Care Products
Year 2019 YTD 2020
Total 52,498.6 3,502.7
Fundamental & ESG
YTD 2020
41.03x 57.42x 18.48 Low
D 598.6 479.5 1,078.0
285.9 -143.9
Buy

D 6,515.7 6,018.0 12,533.7 "Foreign Buy-Domestic Sell" minus "Foreign Sell- UNVR Sector PER Market PER
Domestic Buy".
18.91x 17.20x

2019 I - Rp430.00 03-Dec-19 04-Dec-19 18-Dec-19 2020 SS 02-Jan-20 42,000 5:1 8,400 0.200
2019 F - Rp775.00 31-May-19 10-Jun-19 18-Jun-19 2003 SS 03-Sep-03 30,250 10:1 3,025 0.100
2018 I - Rp410.00 16-Nov-18 21-Nov-18 05-Dec-18 2000 SS 06-Nov-00 118,000 10:1 11,800 0.100
2018 F - Rp505.00 04-Jun-18 06-Jun-18 22-Jun-18 1993 BS 12-Jul-93 31,125 100:7 no data 0.937
2017 I - Rp410.00 30-Nov-17 05-Dec-17 20-Dec-17 - - - - - - -
Industry Peers

1. UNVR Unilever Indonesia Tbk 303,292.50 20,649,371 15,367,509 5,281,862 42,922,563 7,392,837
2. UCID Uni-Charm Indonesia Tbk 7,689.66 8,316,053 3,974,444 4,341,609 8,519,760 398,704
3. KINO Kino Indonesia Tbk 4,142.86 4,695,765 1,992,903 2,702,862 4,678,869 515,603
4. TCID Mandom Indonesia Tbk 1,970.45 2,551,193 532,049 2,019,144 2,804,152 145,149
5. MBTO Martina Berto Tbk 86.67 591,064 355,893 235,171 537,568 -66,946
1. UNVR Unilever Indonesia Tbk 41.03 57.42 35.80 139.97 0.74 2.91
2. UCID Uni-Charm Indonesia Tbk 19.29 2.61 4.79 9.18 0.48 0.92
3. KINO Kino Indonesia Tbk 7.96 1.57 10.98 19.08 0.42 0.74
4. TCID Mandom Indonesia Tbk 13.58 0.98 5.69 7.19 0.21 0.26
5. MBTO Martina Berto Tbk -1.29 0.32 -11.33 -28.47 0.60 1.51


Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 UNVR*
-20.50%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 50,025 49,950 49,450 45,325 46,100 45,800 48,850 48,025 46,200 43,850 42,850 8,575
Lowest 48,000 48,025 45,000 41,600 44,300 43,050 43,825 46,075 43,125 41,000 40,700 7,950
Close 48,675 49,225 45,500 44,500 45,000 43,600 48,850 46,500 43,725 41,800 42,000 7,950
Adj. Close* 48,675 49,225 45,500 44,500 45,000 43,600 48,850 46,500 43,725 41,800 42,000 39,750
Growth (%) 1.13% -7.57% -2.20% 1.12% -3.11% 12.04% -4.81% -5.97% -4.40% 0.48% -5.36%
Volume (mill.) 37 32 46 70 40 56 62 44 45 45 43 210
Value (bill.) 1,830 1,552 2,185 3,015 1,790 2,489 2,823 2,086 1,970 1,891 1,807 1,751
Frequency (th.) 57 62 87 116 57 79 90 62 81 75 76 130
Days 19 20 19 21 15 23 22 21 23 21 19 22
Price (IDR) 2015 2016 2017 2018 2019 Industry: Personal Care Products
Lowest 32,100 35,325 38,825 39,375 40,700
Close 37,000 36,700 55,900 45,400 42,000 1. UNVR -8.8% -5.4% -20.5% -3.5% 11.0%
Adj. Close* 7,400 7,340 11,180 9,080 8,400 2. UCID n.a. -1.1% n.a. n.a. n.a.
Growth (%) -0.81% 52.32% -18.78% -7.49% 3. KINO -6.1% -15.5% -3.0% -2.4% n.a.
4. TCID -26.9% -10.9% -41.5% -34.7% -45.6%
Shares Traded 2015 2016 2017 2018 2019 5. MBTO -36.7% -13.8% -43.8% -55.5% -56.5%
Volume 505 611 505 600 577
Value 19,403 26,108 23,813 28,206 26,249 Note:
Index Membership

4. IDX30 14. KOMPAS100 24.
5. IDX80 15. LQ45 25.
6. IDXESGL 16. MANUFACTUR 26.
9. IDXQ30 19. SRI-KEHATI 29.
10. Investor33 20. 30.


Date: 31 Jan 2020 v2.0.0

25
Current Assets 6,623,114 6,588,109 7,941,635 8,325,029 8,530,334
- - - - - -
Fixed Asset 8,320,917 9,529,476 10,422,133 10,627,387 10,715,376 20
- - - - - -
Total Assets 15,729,945 16,745,695 18,906,413 19,522,970 20,649,371 15
Trade Payable 4,842,170 4,641,910 4,527,110 4,572,600 4,516,954

- - - - - - 10
- - - - - -
- - - - - - 5
- - - - - - -
- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 76,300 76,300 76,300 76,300 76,300 7,578
Par Value 10 10 10 10 10
5,173 5,282
Total Equity 4,827,360 4,704,258 5,173,388 7,578,133 5,281,862 4,827 4,704
Revenues 36,484,030 40,053,732 41,204,510 41,802,073 42,922,563
Gross Profit 18,648,969 20,459,096 21,219,734 21,092,273 22,028,693
Finance Costs -120,527 -143,244 -127,682 -108,642 -230,230
EBT 7,829,490 8,571,885 9,371,661 12,185,764 9,901,772
Tax -1,977,685 -2,181,213 -2,367,099 -3,076,319 -2,508,935
2015 2016 2017 2018 2019
42,923
41,205
40,054
Net Cash - Investing -1,429,245 -1,779,098 -1,601,761 1,942,485 -1,446,367
Net Increase/Decrease in C&CE -272,526 -245,093 21,086 -59,179 285,512
C&CE, end of period 628,159 373,835 404,784 351,667 628,649 36,484
Current Ratio (%) 0.65 0.61 0.63 0.75 0.65
DAR (x) 0.69 0.72 0.73 0.61 0.74
DER (x) 2.26 2.56 2.65 1.58 2.91
EPS (IDR) n.a. n.a. n.a. 1,187.45 957.50 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 38.23 43.86

PBV (x) 58.48 59.53 82.44 45.71 60.67
ROA (%) 37.20 38.16 37.05 46.66 35.80 9,109
ROE (%) 121.22 135.85 135.40 120.21 139.97
GPM (%) 51.12 51.08 51.50 50.46 51.32 7,393
7,005
OPM (%) 21.77 21.74 23.07 22.62 23.57 6,391
5,852
NPM (%) 16.04 15.96 17.00 21.79 17.22
DPS (IDR) 342.00 799.00 870.00 915.00 1,205.00
DPR (%) n.a. n.a. n.a. 77.06 125.85
Dividend Yield (%) 0.92 2.18 1.56 2.02 2.87
2015 2016 2017 2018 2019

WIKA
Wijaya Karya (Persero) Tbk

WIKA Wijaya Karya (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Wijaya Karya (Persero) Tbk has a main business field of Construction Established Listing Date IPO Price (IDR) IPO Lead Underwriter
service. The company's President Director and President Commisioner are PT CIMB-GK
AGUNG BUDI WASKITO and JAROT WIDYOKO. The largest shareholder of the 11 Mar 1960 29 Oct 2007 420 Securities Indonesia
shareholding (<5%) is 34.94%. PT Wijaya Karya (Persero) Tbk has 8 Stock Overview
subsidiaries. One of the biggest subsidiaries is PT Wijaya Karya Realty.
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=WIKA

Domestic 18,743.2 1,240.1

Total 23,395.7 1,484.4
Fundamental & ESG
YTD 2020
7.42x 0.92x 31.72 High
D 527.1 132.7 659.8
1,250.6 -79.6
Buy

D 7,555.8 1,190.5 8,746.3 "Foreign Buy-Domestic Sell" minus "Foreign Sell- WIKA Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2019 F - Rp38.60 10-May-19 13-May-19 28-May-19 2016 RI 11-Nov-16 2,850 80000:36697 2,640 0.926
2018 F - Rp26.82 03-May-18 07-May-18 25-May-18 - - - - - - -
2017 F - Rp33.86 27-Mar-17 30-Mar-17 18-Mar-17 - - - - - - -
2016 F - Rp20.35 10-May-16 12-May-16 27-May-16 - - - - - - -
2015 F - Rp20.03 30-Apr-15 05-May-15 22-May-15 - - - - - - -
Industry Peers



Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 WIKA*
-0.26%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 1,895 2,170 2,470 2,370 2,430 2,490 2,360 2,130 2,130 2,070 2,060 2,170
Lowest 1,645 1,810 2,130 1,850 2,340 2,310 2,190 1,915 1,810 1,735 1,800 1,875
Close 1,785 2,160 2,420 2,270 2,430 2,340 2,210 1,925 1,980 1,735 1,990 1,890
Adj. Close* 1,785 2,160 2,420 2,270 2,430 2,340 2,210 1,925 1,980 1,735 1,990 1,890
Growth (%) 21.01% 12.04% -6.20% 7.05% -3.70% -5.56% -12.90% 2.86% -12.37% 14.70% -5.03%
Volume (mill.) 426 605 748 615 321 358 420 392 355 346 347 361
Value (bill.) 758 1,202 1,723 1,298 764 860 955 792 706 670 682 742
Frequency (th.) 59 62 79 78 41 57 61 63 64 74 61 63
Days 19 20 19 21 15 23 22 21 23 21 19 22
Lowest 2,460 2,615 1,505 1,100 1,645
Close 2,640 2,800 1,550 1,655 1,990 1. WIKA -19.2% -5.0% -0.3% -26.5% -49.5%
Adj. Close* 2,640 2,800 1,550 1,655 1,990 2. WSKT -40.0% -17.2% -37.7% -52.0% -19.3%
Growth (%) 6.06% -44.64% 6.77% 20.24% 3. PTPP -35.8% -12.9% -41.0% -61.6% -64.8%
4. JKON -0.4% -2.4% 22.0% -20.7% -50.2%
Volume 3,655 4,245 4,532 5,998 5,624
Value 11,409 11,523 9,588 9,792 11,698 Note:
Index Membership

2. IDX80 12. LQ45 22.
4. IDXINFRA 14. PROPERTY 24.
5. IDXSMC-COM 15. SMinfra18 25.
6. IDXSMC-LIQ 16. SRI-KEHATI 26.
7. IDXV30 17. 27.
8. ISSI 18. 28.
9. JII 19. 29.
10. JII70 20. 30.


Date: 31 Jan 2020 v2.0.0

70
Current Assets 12,560,285 21,552,498 34,910,108 43,555,496 42,335,472
Fixed Asset 3,184,400 3,465,843 3,932,109 4,675,679 5,154,534
50
- - - - - -
Total Assets 19,602,406 31,096,539 45,683,774 59,230,001 62,110,847 40
Trade Payable 4,323,398 4,680,244 8,924,986 13,183,374 12,762,368
30
Curr. Maturities - Bank Loans 573,707 676,401 441,424 259,373 1,000,000
- - - - - - 20
- - - - - -
Long-term Bank Loans 671,067 313,808 2,011,208 8,878,529 8,725,294 -

- - - - - - 2015 2016 2017 2018 2019
- - - - - -
Common Stocks 614,923 896,995 896,995 896,995 896,995
Par Value 100 100 100 100 100 19,216
Total Equity 5,438,101 12,498,715 14,631,825 17,215,315 19,215,733 14,632
12,499
Revenues 13,620,101 15,668,833 26,176,403 31,158,193 27,212,914
Gross Profit 1,654,660 2,227,103 2,876,234 3,604,727 3,480,079
5,438
Finance Costs - - -677,973 -972,529 -884,252
EBT 1,098,082 1,595,506 2,091,871 2,358,629 2,789,256
Tax -395,077 -448,361 -735,755 -285,329 -168,241
2015 2016 2017 2018 2019
Profit/Loss Period Attributable 625,044 1,011,828 1,202,069 1,730,256 2,285,022
Comprehensive Attributable 631,350 993,552 1,158,684 1,860,118 2,190,255
31,158
27,213
Net Cash - Operating 238,405 -1,119,609 1,885,252 2,722,531 833,091 26,176
Net Cash - Investing -325,092 -811,128 -2,637,548 -4,917,958 -5,482,899

Net Cash - Financing 345,915 8,637,588 2,727,823 4,876,803 1,039,309
Net Increase/Decrease in C&CE 259,228 6,706,851 1,975,527 2,681,376 -3,610,499 15,669
13,620
C&CE, end of period 2,560,120 9,270,000 11,253,778 13,973,766 10,346,734
Current Ratio (%) 1.19 1.48 1.34 1.54 1.39
DAR (x) 0.72 0.60 0.68 0.71 0.69
DER (x) 2.60 1.49 2.12 2.44 2.23
EPS (IDR) n.a. n.a. n.a. 153.83 247.75 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 10.76 8.03

PBV (x) 2.99 2.01 0.95 0.86 0.93
ROA (%) 3.59 3.69 2.97 3.50 4.22
2,621
ROE (%) 12.93 9.18 9.27 12.04 13.64
GPM (%) 12.15 14.21 10.99 11.57 12.79
2,073
OPM (%) 9.00 10.85 8.40 9.05 9.37
NPM (%) 5.16 7.32 5.18 6.65 9.63
DPS (IDR) 20.03 20.35 33.86 26.82 38.60 1,356
1,147
DPR (%) n.a. n.a. n.a. 17.43 15.58
Dividend Yield (%) 0.76 0.73 2.18 1.62 1.94 703
2015 2016 2017 2018 2019

WSKT
Waskita Karya (Persero) Tbk

WSKT Waskita Karya (Persero) Tbk

Date: 31 Jan 2020 v2.0.0

PT Waskita Karya (Persero) Tbk has a main business field of Construction Established Listing Date IPO Price (IDR) IPO Lead Underwriter
services, industry, realty and trade. The company's President Director and PT Bahana
President Commisioner are Destiawan Soewardjono and Badrodin Haiti. The 01 Jan 1961 19 Dec 2012 380 Securities
largest shareholder of the company is Republic of Indonesia (75.35%). The
percentage of public shareholding (<5%) is 24.65%. PT Waskita Karya (Persero) Stock Overview
Tbk has 15 subsidiaries. One of the biggest subsidiaries is PT Waskita Toll Road
. Board Market Cap (MC) (IDR) Trad. Value 12M (IDR)
https://www.idx.co.id/en-us/listed-companies/company-profiles/company-profile-detail/?kodeEmiten=WSKT

Domestic 29,990.0 1,940.4
13% 9%
Total 34,481.6 2,138.5
Fundamental & ESG
YTD 2020
17.80x 0.57x 41.39 Severe
D 879.2 107.7 986.9
-320.1 -33.3
Buy

D 13,081.2 2,073.8 15,155.0 "Foreign Buy-Domestic Sell" minus "Foreign Sell- WSKT Sector PER Market PER
Domestic Buy".
18.41x 17.20x

2019 F - Rp72.99 20-May-19 21-May-19 12-Jun-19 2015 RI 18-Jun-15 1,600 100000:36852 1,560 0.975
2018 F - Rp57.19 16-Apr-18 18-Apr-18 09-May-18 - - - - - - -
2017 F - Rp37.87 27-Mar-17 30-Mar-17 20-Mar-17 - - - - - - -
2016 F - Rp15.44 06-Apr-16 08-Apr-16 29-Apr-16 - - - - - - -
2015 F - Rp10.31 05-May-15 07-May-15 28-May-15 - - - - - - -
Industry Peers



Date: 31 Jan 2020 v2.0.0

Feb 01, 2019 - Jan 31, 2020 WSKT*
-37.72%
IHSG
-9.15%
LQ45
-7.65%
Sector**
Highest 2,020 2,000 2,170 2,040 2,020 2,180 1,930 1,775 1,670 1,535 1,500 1,545
Lowest 1,750 1,865 1,940 1,665 1,870 1,920 1,730 1,565 1,485 1,225 1,255 1,230
Close 1,875 1,985 2,120 1,810 2,010 2,050 1,745 1,650 1,555 1,225 1,485 1,230
Adj. Close* 1,875 1,985 2,120 1,810 2,010 2,050 1,745 1,650 1,555 1,225 1,485 1,230
Growth (%) 5.87% 6.80% -14.62% 11.05% 1.99% -14.88% -5.44% -5.76% -21.22% 21.22% -17.17%
Volume (mill.) 1,270 723 1,104 679 395 611 624 407 526 406 844 754
Value (bill.) 2,393 1,398 2,299 1,237 772 1,256 1,137 683 837 579 1,207 1,069
Frequency (th.) 109 64 82 76 45 63 82 63 66 66 83 88
Days 19 20 19 21 15 23 22 21 23 21 19 22
Lowest 1,395 1,620 1,870 1,420 1,225
Close 1,670 1,735 2,210 1,680 1,485 1. WSKT -40.0% -17.2% -37.7% -52.0% -28.3%
Adj. Close* 1,670 1,735 2,210 1,680 1,485 2. WIKA -19.2% -5.0% -0.3% -26.5% -49.5%
Growth (%) 3.89% 27.38% -23.98% -11.61% 3. PTPP -35.8% -12.9% -41.0% -61.6% -64.8%
4. JKON -0.4% -2.4% 22.0% -20.7% -50.2%
Volume 8,503 9,430 4,986 10,834 9,342
Value 14,184 22,326 11,088 22,176 17,241 Note:
Frequency 542 773 558 1,051 952 Base date: 6M = Jul 31, 2019; YTD = Dec 30, 2019; 1Y = Jan 31, 2019; 3Y = Jan 31, 2017; 5Y = Jan 30, 2015;
Index Membership
No. Index Code

1. COMPOSITE 11. 21.
2. I-GRADE 12. 22.
3. IDXBUMN20 13. 23.
4. IDXINFRA 14. 24.
7. KOMPAS100 17. 27.
8. MBX 18. 28.
9. PROPERTY 19. 29.
10. SMinfra18 20. 30.


Date: 31 Jan 2020 v2.0.0

Inventories 826,384 2,556,732 3,235,501 5,089,231 4,470,846 Asset Liabilities
140
Current Assets 18,074,851 39,887,394 52,427,017 66,989,130 49,037,843
Fixed Asset 1,923,144 3,275,335 4,742,288 7,091,121 8,663,216
100
- - - - - -
Total Assets 30,309,111 61,425,182 97,895,761 124,391,582 122,589,259 80
Trade Payable 8,772,554 14,653,134 14,098,182 14,905,833 12,381,178
60
Curr. Maturities - Bonds Payable - - - 1,999,290 3,264,994 40
- - - - - -

- - - - - -
Common Stocks 1,357,249 1,357,365 1,357,390 1,357,390 1,357,390
28,887 29,118
Par Value 100 100 100 100 100
22,755
Total Equity 9,704,207 16,773,219 22,754,825 28,887,119 29,118,469
Revenues 14,152,753 23,788,323 45,212,898 48,788,951 31,387,390

Gross Profit 1,921,238 3,967,838 9,463,532 8,862,619 5,604,643 9,704
Finance Costs -340,008 -982,836 -3,366,725 -3,948,757 -4,326,951
EBT 1,398,004 2,479,894 4,620,646 5,536,443 1,328,650
Tax -350,413 -666,825 -419,074 -916,875 -299,752
2015 2016 2017 2018 2019
Comprehensive Income 1,567,118 1,809,691 4,176,782 4,909,056 962,757 Total Revenue (Bill. Rp)
Comprehensive Attributable 1,567,265 1,709,883 3,856,922 4,252,326 872,001
Net Cash - Operating 917,942 -7,762,414 -5,959,562 3,035,139 9,014,249 45,213

Net Cash - Financing 4,518,572 22,459,333 20,630,919 20,667,484 4,334,944 31,387
Net Increase/Decrease in C&CE 3,829,993 5,141,983 -4,567,361 4,934,471 -1,575,550
23,788
C&CE, end of period 5,511,188 10,653,781 6,088,963 10,845,678 9,258,310
Ratios Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 14,153
Current Ratio (%) 1.32 1.27 1.00 1.18 1.09

DAR (x) 0.68 0.73 0.77 0.77 0.76
DER (x) 2.12 2.66 3.30 3.31 3.21
EPS (IDR) n.a. n.a. n.a. 369.64 102.15 2015 2016 2017 2018 2019
PER (x) n.a. n.a. n.a. 4.55 14.54

PBV (x) 2.34 1.40 1.32 0.79 0.69
ROA (%) 3.46 2.95 4.29 3.71 0.84 4,620
ROE (%) 10.80 10.81 18.46 15.99 3.53 4,202
GPM (%) 13.58 16.68 20.93 18.17 17.86
OPM (%) 9.92 13.37 16.28 14.75 13.49
NPM (%) 7.40 7.62 9.29 9.47 3.28
DPS (IDR) 10.31 15.44 37.87 57.19 72.99
DPR (%) n.a. n.a. n.a. 15.47 71.45 1,813
Dividend Yield (%) 0.62 0.89 1.71 3.40 4.91

1,048 1,029
2015 2016 2017 2018 2019

Contact Information Request for Repair Form
Data Management Unit If you have any inquiry regarding this statistical
PLDT@idx.co.id publication, please let us know your thoughts via our
Data Services Division | Indonesia Stock Exchange form:
Indonesia Stock Exchange Building 1st Tower, 6th Floor https://bit.ly/formIDXstat
Jl. Jend. Sudirman Kav 52-53
Jakarta Selatan 12190, Indonesia
Methodology
Term Description Term Description

YTD Year to Date: DAR (Debt to Total Liabilities divided by Total Asset.
- January data for date as of January; Asset Ratio)
- January to July data for date as of July. DER (Debt to Total Liabilities divided by Total Equity.
Free Float Total scripless shares owned by investors with share Equity Ratio)
ownership of less than 5% and excluding shares owned by EPS (Earnings 12 months trailing of Profit for the period attributable to
management and treasury stock. Per Share) owners of entity divided by number of listed shares.
Market Closing price multiplied by Number of listed shares.
Capitalization BV (Book Value) Total equity divided by number of listed shares.
PER (Price to Stock Price divided by Earings Per Share (EPS).
Earnings Ratio) EPS is derived by dividing the 12 months trailing of Profit for ROA (Return on 12 months trailing of Profit for the period attributable to
the period attributable to owners of entity by Number of Asset) owners of entity divided by Total Asset.
listed shares. ROE (Return on 12 months trailing of Profit for the period attributable to
Sector PER The median of PER of all listed stocks in a sector that have Equity) owners of entity divided by Total Equity.
positive earnings and below the 90 percent percentile as a OPM (Operating Operating profit/loss divided by Revenues
threshold determined by the IDX. Profit Margin)
Market PER The median of PER of all listed stocks in IDX that have NPM (Net Profit 12 months trailing of Profit for the period attributable to
positive earnings and below the 90 percent percentile as a Margin) owners of entity divided by Revenue.
threshold determined by the IDX. DPS (Dividend Total Cash Dividend per Share within a year (in IDR). The
PBV (Price to Stock Price divided by Book Value (BV). Per Share) cash dividends in USD are converted to IDR by multiplying
Book Value BV is derived by dividing the Total equity by Number of with BI rate as of payment date.
Ratio) listed shares. DPR (Dividend Dividend per share divided by Earnings per share
ESG Risk Rating Composed of three building blocks that contribute to a Payout Ratio)
company’s overall rating. These building blocks include Yield (%) Dividend per share divided by stock price
Corporate Governance, material ESG issues (MEIs), and
idiosyncratic ESG issues. C&CE Cash & Cash Equivalents.
Companies are grouped into one of five risk categories
(negligible, low, medium, high, severe)
© October 2022 Indonesia Stock Exchange

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Company Fact Sheet

Data Services Division

Ace Hardware Indonesia Tbk

ACES Ace Hardware Indonesia Tbk

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

trading value by Domestic is the sum of

Dividend Payment Corporate Action

No. Code Company Name Market Total Profit/Loss for

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ACES Ace Hardware Indonesia Tbk

Stock Performance & Trading Summary

Feb 01, 2019 - Jan 31, 2020 ACES*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ACES Ace Hardware Indonesia Tbk

Financial Data & Ratios

Total Equity 2,628,826 3,048,728 3,510,422 4,235,471 4,742,494 3,049

Net Increase/Decrease in C&CE 231,313 83,266 200,766 -101,955 453,927

PER (x) n.a. n.a. n.a. 26.94 25.79

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

Adaro Energy Indonesia Tbk

ADRO Adaro Energy Indonesia Tbk

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

trading value by Domestic is the sum of

Dividend Payment Corporate Action

No. Code Company Name Market Total Profit/Loss for

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk

Stock Performance & Trading Summary

Feb 01, 2019 - Jan 31, 2020 ADRO*

Trading Summary of Last 12 Months

Yearly Trading Summary of Last 5 Years Comparison to Peers

No. Index Code No. Index Code

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

ADRO Adaro Energy Indonesia Tbk

Financial Data & Ratios

Curr. Maturities - Bank Loans 1,290,760 1,650,613 2,725,316 2,656,402 7,057,007

Par Value 100 100 100 100 100 55,433 55,548

Net Cash - Investing -1,633,886 -3,068,567 -5,871,473 -11,534,075 -7,509,438 37,030

Net Increase/Decrease in C&CE -409,240 5,027,012 1,783,405 -3,863,039 8,953,792

PER (x) n.a. n.a. n.a. 6.28 6.95

OPM (%) 15.28 21.16 29.40 28.07 21.17

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

AKR Corporindo Tbk

AKRA AKR Corporindo Tbk

Company Profile Company History

Total Trading Value* Free Float Shares Rank Rank

trading value by Domestic is the sum of

Dividend Payment Corporate Action

No. Code Company Name Market Total Profit/Loss for

© 2022 DATA SERVICES DIVISION | INDONESIA STOCK EXCHANGE

AKRA AKR Corporindo Tbk

Stock Performance & Trading Summary