Analisis IHSG Yang Positif di Tengah Net Buy Asing

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"Saksikan tayangan kami Official Youtube IDX Channel di Program Power Breakfast, Selasa (03/09/2024) dengan Tema Analisis IHSG Yang Positif di Tengah Net Buy Asing"

Transcript

00:00In this segment of Market Bass, this time, we will discuss with Muhammad Tori Fadila, an analyst from StockNow.

00:05Good morning, Tori.

00:07Good morning, Mbak Pisa.

00:09Thank you for joining us this morning.

00:11Let's talk about the Sargassum Index.

00:14Although yesterday it left a level of 7,700, which has been tested,

00:20it dropped, but the closing is still the highest record of the Sargassum Index.

00:26It dropped, but the closing is still the highest record of the Sargassum Index.

00:31Then, Netbuy is also quite large.

00:34How far will the strengthening of the Sargassum Index continue?

00:40Okay, thank you, Mbak Pisa.

00:42So, actually, in the trading of IHSK on Monday,

00:46IHSK is around 7,694,

00:50experiencing a strength of around 0.31%.

00:54During the trading yesterday,

00:56ASING still recorded Netbuy or accumulation worth 1.19 trillion rupiah.

01:02Although it can be said that IHSK slipped at the level of 7,700,

01:09IHSK still maintains its positive momentum.

01:12Well, one of the driving factors is the inflow of ASING funds,

01:17which can be said to be very significant,

01:20with ASING investors setting up large Netbuy for the last few months.

01:25For example, for the last month alone,

01:28ASING is still accumulating or Netbuying worth 15.4 trillion rupiah.

01:34Actually, this increase was caused by geopolitical conditions in Indonesia,

01:39where it is said to be quite weak compared to the previous month,

01:45where it was said to be a large demo.

01:49With the geopolitical conditions in Indonesia, which can be said to be quite weak,

01:53this led ASING to reinvest in the Indonesian stock market.

01:57Well, from a global point of view,

02:00as we know, the expiration of ASING,

02:03which was done by Rupet,

02:05can actually be said to be projected to be done in September 2024.

02:11This is of course a positive catalyst as well,

02:13which can be said to be emitting,

02:17which can be said to be quite high,

02:21can finally borrow funds for expansion activities.

02:25Of course, with the following sentiment,

02:28it can also be said that this IHSG can still be in the 7700 psychological area.

02:36It can still be in the 7700 psychological area.

02:39It has been tried to break the next target,

02:43if this 7700 can be achieved,

02:45and if I'm not mistaken,

02:46at the end of last week, on Friday,

02:48session 1 was already closed at more than 7700.

02:51What is the next target position for IHSG?

02:55Okay, actually, if you look at the target from stocknow.id,

02:59the psychological resistance is actually at 7750.

03:04However, we do need to look at the movement or forecast

03:08in the future how to see the movement of IHSG in the future.

03:12However, stocknow.id is projecting the latest psychological resistance for IHSG

03:17in the story of Apple 7750.

03:197750, it means it's not far away, right?

03:23That's right.

03:24Okay, it means IHSG, the record has been repeated this time,

03:28maybe 13 times throughout 2024.

03:32Do you see it has started to overbought?

03:36Actually, it can be said that it has overbought,

03:39because since early August 2024,

03:43the increase in IHSG has reached 7%.

03:46So, it can be said that IHSG is actually in an overbought phase.

03:51Okay, it's in an overbought phase.

03:53Even though the IHSG is overbought,

03:55there are a lot of emitting sectors,

03:58of course, not all of them are expensive, right?

04:00That's right.

04:01Okay, what caught my attention in the trade yesterday,

04:03at the beginning of September,

04:04was the construction,

04:05which was led by Sam Wika, PTPP, Adik Karya.

04:08Then, the three of them also experienced an increase

04:10and improvement in IHSG in the first semester of 2024.

04:13How is the opportunity?

04:15Is this a momentary euphoria?

04:17We even saw yesterday that Wika's increase was 20%.

04:23Okay, actually, it can be said that this construction sector

04:26showed significant improvement in IHSG

04:29in the first semester of 2024.

04:31With Wika, PTPP, and Adik,

04:35it can be said that the price increase

04:37can be said to be quite massive, right?

04:39The positive sentiment is actually back again

04:41because IHSG is still continued by the upcoming president.

04:45This is also of course a positive sentiment

04:48towards the construction sector.

04:49Well, this is also proven by the interest

04:52generated by the expenses.

04:54Like Wika, in the first semester of 2024,

04:57this is not an interest of around 402 million rupiahs.

05:01This figure is much better than the same semester

05:04last year, which caused a clean loss

05:07of 1.8 billion rupiahs.

05:10Similarly, PTPP, PTPP's emits

05:13in the first semester of 2024

05:15caused a clean loss of 400 million rupiahs

05:19at 147 million rupiahs.

05:21This figure is of course much better

05:23than the same semester last year

05:27which caused around 90 billion rupiahs.

05:29Well, if we also look at Adik's figure,

05:33in the first semester of 2024,

05:35it caused a clean loss of 14 million rupiahs.

05:37This figure can be said to be quite small.

05:40However, this figure is much better

05:42than the same semester last year,

05:44in the year 2003,

05:46which caused a clean loss of 12 million rupiahs.

05:48So, it can be said that this euphoria,

05:50it can be said that the loss

05:52of the construction sector

05:54which is experiencing an increase,

05:56it is made a euphoria and it is made

05:58as speculation by the market players.

06:01So, for those who, for example,

06:03want to try to enter the construction sector,

06:06it is necessary to be careful,

06:08it is necessary to be analyzed further

06:10from this sector.

06:11I also evaluate this moment

06:13as a result of the construction sector

06:16experiencing a surge.

06:18We are worried that of course there will be a decline

06:21in the next few weeks or in the next few days.

06:24Remembering that it is actually a fundamental company,

06:27a fundamental emittance sector.

06:29This construction has not yet recorded

06:31a fairly positive price.

06:33Only in the first semester of 2024.

06:36So, it can be said as a speculation

06:38by the market players.

06:40Okay, let's go to WIKA.

06:42WIKA is no longer at a loss

06:44starting the clean pocket

06:46in semester 1 2024

06:48as we discussed earlier.

06:50458 Current Price.

06:52What is the analysis from StockNow like, sir?

06:55Okay, actually, if we look at it

06:57from a technical point of view,

06:59WIKA is still above MA5.

07:01Actually, for a short term,

07:03it is still quite good

07:05for the price of 458.

07:07And moreover, if we look at it

07:09from the volume of trading yesterday,

07:11the volume of buying is still quite high.

07:14Then, net foreign buy

07:16in the last 3 days

07:18reached 24.2 billion rupiah.

07:20For real, WIKA is still

07:22above MA5.

07:25Actually, for WIKA,

07:27for a short term,

07:29or for trading,

07:31it is still quite okay.

07:33However, if all of you

07:35want to invest

07:37in the long term,

07:39further investment related to WIKA,

07:41it needs to be watched by you as well.

07:43Although, in the first semester of 2024,

07:45it experienced a slump,

07:47but we also need to look at the previous years

07:49where WIKA is still at a high loss.

07:51So, it can be said that

07:53it is not an apple to an apple

07:55for the comparison of

07:57the first semester of 2024

07:59with the previous year.

08:01So, this slump reached 33%

08:03in WIKA,

08:05from level 316

08:07to level 478.

08:09Moreover, because the euphoria

08:11is not too strong

08:13from a fundamental point of view

08:15to be able to say that the first semester

08:17is not at a loss,

08:19it means that it will be good in the future.

08:21We also have to see how

08:23it will be in the second semester

08:25as well as the annual report

08:27or in the year 2024.

08:29What is your recommendation

08:31for WIKA right now?

08:33Is it better to avoid it first,

08:35or buy on weakness,

08:37buy at a low price, or what?

08:39Actually, if my target

08:41is for friends

08:43who want to buy,

08:45in my opinion, I suggest

08:47to buy at 400.

08:49In my opinion,

08:51with the price of 498,

08:53the price is already quite high.

08:55Moreover,

08:57it is not accompanied

08:59by positive energy

09:01that will come.

09:03So, if you want

09:05to try to buy,

09:07I suggest to buy on weakness,

09:09using the support of the A5

09:11at 365 up to 400.

09:13395 up to 400.

09:15395 up to?

09:17400.

09:19400, buy on weakness,

09:21according to stocknow.id

09:23in that range if you just want to enter.

09:25WIKA, PTPP, and ADI,

09:27which one is more interesting?

09:29Actually,

09:31if we look again,

09:33if we look again,

09:35if we look again,

09:37if we look again,

09:39fundamentally,

09:41even though

09:43this construction sector

09:45is said that the movement

09:47is still quite negative

09:49from the ratio of the money,

09:51but I still think that

09:53the construction sector is actually PTPP.

09:55Although it can also be seen

09:57in the first semester of 2024,

09:59the profit is quite small

10:01compared to WIKA.

10:03However, if we look at the net profit margin

10:05in total,

10:07it is still quite good

10:09in the range of 5-6%.

10:11Then if we look at

10:13annually,

10:15PTPP is actually still quite good

10:17at 4.47%

10:19compared to annual

10:21in WIKA,

10:23it is at minus 39.87%.

10:25So,

10:27if annually,

10:29if you try to invest

10:31or swing trade stocks

10:33in the construction sector,

10:35I prefer PTPP.

10:37PTPP, okay.

10:39That's the recommendation if we talk about

10:41the construction sector, especially BUMN Karya.

10:43We will continue later with Mr. Rik

10:45for recommendations and choices.

10:47See you soon.

10:49Stay with us in the market bus segment.

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