Kompak Menguat, Bagaimana Peluang Lanjutan Saham Konstruksi?

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"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Kamis (10/10/2024) dangan Tema Kompak Menguat, Bagaimana Peluang Lanjutan Saham Konstruksi?"

Transcript

00:00What is the economic agenda of the United States?

00:05Next, we will look at the economic agenda.

00:07For example, from Japan, there is data on credit banks.

00:10In Japan, there is a shareholder in September.

00:12And there is also data on the balance sheet in the Philippines in August.

00:15And from Malaysia, there is a level of unemployment in Malaysia in August.

00:18Then from the United States, there is data on the IHK Inti,

00:21a shareholder in September.

00:23And there is also a claim of initial unemployment in the United States.

00:27And next, from Europe, there is data on retail sales in Germany in May.

00:33And the next is the M&N agenda, which is interesting for us to discuss.

00:36For example, there is AUTO, which is doing interim dividend.

00:42SICO also holds a similar agenda.

00:45After that, there is BTON, which is holding a cash dividend,

00:48PPGL, ex-interim cash dividend.

00:51TRIS also holds a similar agenda.

00:53And next, we will look at the opening of the main Asian exchanges this morning, as you can see.

01:07Yes, we deliver a verbal statement for the opening of the main Asian exchanges for Nikkei STI and Cospicore.

01:17Let's take a look.

01:23For Nikkei, it was opened at 0.44% at level 39,450.

01:27Singapore STI was opened at 0.58% at level 3,616.

01:32And also Cospicore was opened at 0.38% at level 2,604.

01:37And also Hang Seng Hong Kong was opened at 1.38% at level 20,637.

01:43We are sorry for the confusion of the data from the opening of the main Asian exchanges this morning.

01:48The data will be updated later. I just delivered it verbally.

01:51And to discuss in MarketBuzz this time, we are already in contact with Mr. Raden Bagus Bima,

01:58who is the founder of WarCop Stock. Good morning, Mr. Bima.

02:03Good morning, Mr. Wiki.

02:05Thank you for joining us in MarketBuzz this time.

02:08I hope you are always healthy, Mr. Bima.

02:11Okay. You mentioned yesterday that the IHSG movement was closed.

02:13Yesterday's hearing failed to pass level 7,600.

02:16One of them is related to Samsung B-Caps, which was released a lot in the profit-taking action floor.

02:23B-Caps, of course, there was a slight movement, directly affecting the movement of IHSG.

02:28What is your analysis of the closing of the market yesterday, Mr. Bima?

02:34Yes, Mr. Wiki. I think the condition of yesterday

02:38will continue until the end of this week,

02:40meaning on Thursday or later on the 11th on Friday.

02:45I think the market conditions will still be the same.

02:47Actually, this has happened since Tuesday and Wednesday yesterday.

02:52So I think this dynamic will still happen until Thursday and Friday.

02:57Moreover, for now, we are still waiting for the sentiment that will be delivered on the 12th

03:04related to the stimulus from China.

03:06So for now, if we can say, the global conditions,

03:11the current category is still quite safe,

03:15especially on Tuesday, Wednesday, yesterday, even until last night,

03:20the conditions from the US market or in Europe are still quite safe.

03:23So the market in our market seems to still have minimal sentiment,

03:29especially for the B-Caps stocks.

03:31Because of that, even though A-Sing experienced a net sell,

03:37but a few days ago, there was a net sell, then there was a net buy again.

03:41So I think this condition will still happen until this Friday.

03:45Okay, that means for Sambar Basis Perbankan,

03:47if they then want to see this as a momentum to enter,

03:51because it was released and also hit by profit taking,

03:53it's not time to enter Sambar Basis Perbankan yet.

03:56Will the pattern continue until tomorrow, Mr. Bima?

03:59Yes, I think we still have to wait and see.

04:02But we also have to be prepared when there is a policy

04:05or there is information that of course makes and has an impact on the banks,

04:10we have to be prepared with our actions.

04:12So for now, investors can prepare their strategy,

04:16even though we are waiting and see right now,

04:18but prepare a strategy when there is policy

04:21or there is information that is quite interesting for the banks.

04:24Okay, what is the balance of sentiment due to the earnings season

04:26and also the window dressing at the end of the year?

04:28This usually happens in the finance segment,

04:35so maybe this will be recommended again, or what is it like, Mr. Bima?

04:39Yes, I think at the beginning of the fourth quarter,

04:44the position of BKEPS,

04:47where there is usually a window dressing in the BKEPS shares,

04:52I think this will happen again at the end of the year.

04:56Why?

04:57Because the decline in BKEPS shares is generally above 10%,

05:01even if we look at the BBRI, it is already above 10%

05:05for a decline in the highest price for the BBRI shares.

05:08So I think this can also be one of the moments

05:11when we hope for window dressing

05:14and for the beginning of the fourth quarter, there has been a decline.

05:18We hope later in mid-November

05:21or until the beginning and end of December,

05:24it has been strengthened again

05:26with some sentiments related to the growth of financial reports

05:29and has also entered a period with a new government.

05:34I think this will also be an opportunity for our IHSK

05:37to reach its highest target level again.

05:40Okay, there are some sentiments that should be waited for,

05:43which is related to window dressing

05:45and also after the election president's interview,

05:50we can imagine what the economic policies will be like in the future.

05:55But if we look at the movement on the basis of banking,

05:58you just mentioned the BBRI,

06:00although it has reached a high level of strengthening,

06:03but then wait for the positive sentiment,

06:06then it can enter like that, right?

06:08That's right, Mr. Wiki.

06:09Okay, from the banking sector,

06:11we turn to the construction sector,

06:15which is compact, strengthening,

06:17is this then a sector that can be a temporary choice

06:22if we avoid the finance sector first?

06:26Or maybe this will be a sector for the long term, Mr. Bima?

06:31Yes, I think the construction sector is starting to increase

06:36the volume of transactions since the transition

06:39of the old government to the new one,

06:41which is currently underway,

06:43with a tendency to continue,

06:48so there is a word continue,

06:50which is here oriented by investors,

06:53will continue from the construction side,

06:55so from a month ago,

06:56actually for this construction sector,

06:58it has started to increase the volume of transactions.

07:01If we look from the point of view of the current movement,

07:05where investors are waiting for a momentum,

07:08I think for this construction,

07:10still in the short term,

07:12the emittance that exists in BUMN Karya,

07:17UJK Karya, PTPP, ADI,

07:19there is an increase in transaction volume,

07:21but if you look at the value of the transaction,

07:24it is still relatively far

07:26compared to the transactions that occur in the banks.

07:29Okay, if we specifically talk about the emittance,

07:33which one do you think,

07:34although the movement has started to move

07:37from a month ago,

07:38but in terms of valuation, it is still cheap

07:40and the upside potential is still attractive

07:42and can be used anywhere, Mr. Bima?

07:44Yes, I think the most interesting thing

07:47from the financial ratio is from PTPP.

07:50Remember, PTPP is one of the lowest,

07:53if we compare it to WIKA and also ADI,

07:56PTPP per ratio is only 9 times,

08:00we just compare it to UJK or WIKA at 20 times.

08:04Although, if we look at the market,

08:07it seems that investors are very interested,

08:09the domination is more in WIKA than in PTPP.

08:12But if we talk about valuation,

08:14indeed PTPP is much more interesting.

08:16We also look at PBV,

08:18PBV, PTPP is below 1x,

08:20the last one is at around 0.2x,

08:23compared to WIKA, WIKA is already at a level above 1x,

08:271.3x for PBV.

08:29So I think in terms of ratio,

08:31if we talk about cheap,

08:33from the financial ratio side,

08:34PTPP is better than UJK.

08:37Later, investors just have to see,

08:39if for a short period of time,

08:41we certainly see again

08:43where the most investors make transactions,

08:46whether in WIKA or PTPP.

08:48If what happened yesterday,

08:50there was quite a lot of domination in UJK.

08:53Strategic projects that are then handled by PTPP,

08:56maybe you know,

08:58and this can be a determining factor.

09:02Investors can then enter PTPP,

09:05of course, based on your analysis earlier,

09:08said that the price is still cheap.

09:13Yes, that's right.

09:14Maybe later we, for investors,

09:16who really want to see more deeply,

09:18related to UJK and PTPP,

09:20actually both of them are still experiencing a cash flow,

09:24which is negative, Mas Wiki.

09:25So actually, again, I will say,

09:28the moment that happened,

09:30which strengthened in the construction stock,

09:32the position was determined for a short period of time.

09:35If there is news related to the popularity of contracts,

09:37which is indeed very good,

09:39from UJK and PTPP,

09:41even PTPP on the financial side is more positive,

09:44compared to UJK,

09:46which in the first quarter,

09:47WIKA's minus is quite deep.

09:50While PTPP,

09:51until the first semester yesterday,

09:53the position is still positive,

09:55from the financial side,

09:56although it is the same,

09:57from the cash flow side, it is still minus.

09:59So I think,

10:00this second condition shows that

10:02we still have to wait for a short period of time,

10:04for the construction stock.

10:06If PTPP itself,

10:08the last price is at level 472,

10:10and indeed, as you said earlier,

10:123 months ago,

10:14it was moving, strengthening,

10:1620.41%,

10:171 month ago,

10:19in terms of months, I mean,

10:21it has strengthened 5.36%,

10:22and 1 week ago it has strengthened 3.51%,

10:25it is in a positive movement,

10:27but in terms of level,

10:29it is still at an interesting level,

10:31it is not expensive yet.

10:32The last level,

10:33can it be considered to be included,

10:34Mr. Bimamaya?

10:35Yes, for day trading,

10:37until the end of Friday,

10:38I think it is still very interesting,

10:39because the market is also very concentrated,

10:41in this sector.

10:42Okay.

10:43How about WIKA?

10:44Can it also be included in the short term?

10:46If we look at the movement yesterday,

10:48the movement is 11-12,

10:50between UJK and PTPP.

10:52I think,

10:53investors should choose

10:56PTPP or WIKA,

10:57please.

10:58I think they have the same momentum,

11:00just as a complement

11:02and a benchmark for UJK.

11:03Yesterday it was much more crowded,

11:05in terms of transaction frequency,

11:07compared to PTPP.

11:08Okay.

11:09For further information,

11:10we will discuss in the next session.

11:12Mr. Bima and investors,

11:14stay with us,

11:15we will be back soon.

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