- 11 months ago
Indeks Harga Saham Gabungan ( IHSG ) melemah ke level 6.742, sehingga selama sepekan tercatat anjlok lebiha dari 5 persen.
Penurunan IHSG menekan nilai kapitalisasi pasar (market cap) menjadi Rp11.595 triliun dibandingkan posisi akhir pekan sebelumnya sebesar Rp12.319 triliun.
Dalam sepekan, investor asing juga kembali melanjutkan aksi jual bersih (reguler market) sebesar Rp3 Triliun.
Salah satu penekan indeks diakhir pekan adalah MSCI Global Standard Indexes, Pada 7 Februari 2025, yang umumkan tiga emiten milik konglomerat Prajogo Pangestu yakni PT Petrindo Jaya Kreasi Tbk (CUAN),
PT Barito Renewables Energy Tbk (BREN), dan PT Petrosea Tbk (PTRO) tidak dimasukkan dalam MSCI Indonesia Investable Market Index. Ketiga saham ini jatuh antara 19% hingga 25% sehari.
Penurunan IHSG menekan nilai kapitalisasi pasar (market cap) menjadi Rp11.595 triliun dibandingkan posisi akhir pekan sebelumnya sebesar Rp12.319 triliun.
Dalam sepekan, investor asing juga kembali melanjutkan aksi jual bersih (reguler market) sebesar Rp3 Triliun.
Salah satu penekan indeks diakhir pekan adalah MSCI Global Standard Indexes, Pada 7 Februari 2025, yang umumkan tiga emiten milik konglomerat Prajogo Pangestu yakni PT Petrindo Jaya Kreasi Tbk (CUAN),
PT Barito Renewables Energy Tbk (BREN), dan PT Petrosea Tbk (PTRO) tidak dimasukkan dalam MSCI Indonesia Investable Market Index. Ketiga saham ini jatuh antara 19% hingga 25% sehari.
Category
📺
TVTranscript
00:00Thank you, Mr. Mirsa, for joining us again in the Market Bus segment, where Mr. Mirsa and I will be discussing a number of capital market information,
00:13including, Mr. Mirsa, a week ago, the joint price index was 5% in the foreign net sales ring, which was recorded as 3 trillion rupiah.
00:23Next, Mr. Mirsa, this is the Spotlight market, which is the highlight of Mr. Mirsa.
00:29The sentiment of the market this time is that there is an IHS that broke 5% in a week, foreign outflow reached 3 trillion rupiah,
00:36then failed to enter MSCI, Sumbrand, PTRO, and Cuan Auto Reject below.
00:41Then, Mr. Mirsa is in the Srivastava lab that passed away, and the Earth Management will immediately announce RUPSLB to fill the vacancy of the office.
00:52And we are also sorry, Mr. Mirsa, for his passing in the Srivastava lab.
00:59Next, Mr. Mirsa sees the economic agenda of Indonesian motorcycle sales in January and year-on-year,
01:04Malaysia's unemployment rate in December, China's new loan in January, China's cumulative debt growth in January and year-on-year,
01:12and China's total social spending in January.
01:17And on the METEN agenda, there is AMOR Ex-Dividend Tune Interim, Ex-CLRU RUPSU, Rupo Emisi Obligasi, and Sukuk Ijarah.
01:25This is the agenda of METEN for February 10, 2025.
01:34An update from the Asian Stock Exchange, Mr. Mirsa, which may be an indication of the price index and the correlation,
01:39whether the weakening has begun to be limited.
01:41There is Nikkei Japan, which is monitored to increase by 0.14%,
01:45Street Time Singapore increased by 1.18%,
01:48KOSPI fell by 0.25%,
01:50Hang Seng Hong Kong increased by 0.43%.
01:53Thus, Mr. Mirsa, a brief review of the trading surface in the Asia region this morning.
02:02And Mr. Mirsa, we will immediately discuss.
02:05Together with our guest this morning, there is Mr. Reza Priyambada, Director of Peteriline Securities Indonesia TBK.
02:12Good morning, Mr. Reza.
02:16Hello, good morning, Mr. Reza.
02:18Can you hear my voice clearly from the studio?
02:21Yes, good morning, Ma'am.
02:22Hello, good morning.
02:23Mr. Reza, how are you?
02:25I'm fine.
02:27Mr. Reza, first of all, I would like to pay my respects to the main sentiment,
02:31who promised to support the Indeks Sargasso Amgabungan to experience a 5% correction,
02:37and foreign net sales reached Rp 3 trillion in a week.
02:41Yesterday was perhaps the most hot.
02:45First of all, the CS brand did not enter the MSCI.
02:48What are your thoughts?
02:52Yes, thank you, Ma'am.
02:54So if we look at it, maybe the Indeks Channel auditors also respect the news,
02:59such as the brand shares, then PTRO, then CHWAN,
03:05did not enter the MSCI index.
03:09Actually, if it is related to the entry or not of a share into a certain index,
03:14it depends on the criteria of the index.
03:20The problem is that this MSCI index is often a reference,
03:25often a reference, often a reference from the market players,
03:28where the market players say that the assessment of foreign institutions
03:34on the performance of the MSCI is a concern of the market players.
03:39When a stock that initially had good performance
03:44did not enter the MSCI index,
03:47it became a question mark from the market players.
03:50That's what ultimately made the third shareholder experience a weakness.
03:58It was also said that this decision was made after an analysis
04:03and input from the market players
04:05related to the potential of investment problems in the shares.
04:09What is the investment problem here if you interpret it?
04:12Because if we look at it, the stock performance is actually quite good.
04:21Yes, that's right.
04:23That's why, as I said, it depends on the MSCI criteria.
04:32If it is related to the potential of investment,
04:35maybe, I'm just guessing,
04:38maybe it can be qualified by the MSCI.
04:40Maybe because of the movement of the three
04:43has experienced a fairly high increase.
04:46It was said that from 2004 until now,
04:49it has experienced a fairly high increase.
04:50Therefore, the potential return is considered to be limited.
04:58Maybe from their investment criteria,
05:01the potential return is considered to be limited
05:04so that the three do not enter the index.
05:08Therefore, they choose other shares
05:10that may have a much higher potential return
05:13compared to 300%.
05:15Maybe like that, ma'am.
05:17Because the increase is significant,
05:19so the potential return is considered to be limited like that.
05:23But is it normal when the announcement of the MSCI index is released
05:29and these three shares are auto-rejected?
05:33Yes, because again, as we said at the beginning,
05:38the MSCI index is a concern or a threat to the market players.
05:43So, when a share is initially considered to be included
05:47and then not included,
05:49it becomes a concern for the market players
05:52to release it first.
05:55For example, Brandi.
05:58Yes, it's a bit delayed.
06:00For example, Brandi, Mr. Reza, who has dropped by 30%.
06:03Yes, it's Brandi.
06:07Yes, it's Brandi.
06:10We can see that the movement of Brandi
06:13has been good throughout 2024.
06:17Then, from our side, it has also experienced quite good growth.
06:22But it didn't make it.
06:24Finally, because it didn't make it,
06:26it was considered uninteresting by the market players.
06:31So, because it didn't make it into the index,
06:35it was considered uninteresting.
06:37Whereas, from the fundamental side,
06:40from the sustainability side,
06:44this is actually still good for the future,
06:47especially with the development of renewable energy that they do.
06:50But because it didn't make it into the index,
06:53it became a concern for the market players.
06:57You said that the Green Renewable Energy that they do
06:59has a good prospect for the future.
07:02But amid the leadership of the new president of the United States, Donald Trump,
07:06who seems to be more realistic now.
07:11He doesn't even want to prioritize green energy.
07:16There is diversification there.
07:18Do you see opportunities from brands like Brandi
07:20that are moving towards green energy?
07:22Is it a kind of speculation from the market players
07:25that it didn't make it into the MSCI,
07:27so it was re-reviewed?
07:30What is so interesting about this brand for the future?
07:34How do you feel about the potential of green energy
07:37and its relationship with the brand?
07:41Actually, it depends on the opportunity
07:47or potential of the growth generated by the brand.
07:52Indeed, in the future, if we look at the use of fossil fuels,
07:58even though there are still a lot of them,
08:01but in the long run, fossil fuel reserves will continue to decline.
08:06So, gradually, a number of industries
08:11have started using renewable energy.
08:18Yes.
08:20Yes.
08:24Okay.
08:26Maybe the industry will produce more energy and so on,
08:29so the potential of the use of renewable energy
08:33should be an opportunity for brands and the like.
08:40Do you still recommend brands, for example?
08:43In the last month, the price dropped by almost 40 percent,
08:47which is relatively cheap,
08:49with the fundamental potential that you mentioned.
08:51Actually, in the long run, it's still quite good.
08:53What is the strategy for some brands,
08:55such as Cuan or PTRO,
08:56in the middle of a weakening that happened,
08:58and was auto-rejected?
09:02Yes.
09:03So, if we look at the movement of some brands,
09:08then PTRO, then Cuan,
09:12this decline is more because of a momentary sentiment,
09:15not because of their demands that fell,
09:19then because they experienced a loss, and so on.
09:22So, it's more because of a momentary sentiment
09:24because they don't fit in the index.
09:26But even though they say they don't fit in the index,
09:29but on the other hand,
09:39Okay.
09:40Mr. Reza, it looks like there is a problem with the signal.
09:45We will fix it first,
09:47so that our communication can run more smoothly.
09:49We have to stop first, Mr. Mirza.
09:51Don't go anywhere.
09:52Recommendations about some brands, PTRO and Cuan,
09:55we will review it.
09:56Next, recommendations and choices from Mr. Reza,
09:59but after stopping,
10:00stay with us on MarketBus.
10:02Thank you, Mr. Mirza, for coming back with us.
10:04And we will still discuss with Mr. Reza Priyambada,
10:07Director of Petri Line Indonesia Tbk.
10:10Hopefully, the communication will be more smooth.
10:12Mr. Reza, can you hear me clearly?
10:16Yes, hello, ma'am. Yes, clearly, ma'am.
10:17Yes, please.
10:18Mr. Reza, we just reviewed a little bit
10:21about recommendations for brands, PTRO and Cuan.
10:23You said that fundamentally, it's actually still quite okay,
10:26and this weakness is only temporary.
10:28But what is the strategy to invest again
10:30in these three stocks, in your opinion?
10:33Yes, okay.
10:34So, if we look at what we said before,
10:38the decline of these three stocks
10:41is actually more to the sentiment of the moment.
10:43So, it's not because their demand is decreasing,
10:47then their market is not there,
10:52or the following sentiment is not there at that time.
11:00So, I think this weakness can be used to accumulate,
11:05but maybe gradually.
11:07Maybe we need to be a little patient
11:11to accumulate these three stocks
11:13before they experience an increase again.
11:17Okay. Still accumulating, but gradually.
11:19Just be patient.
11:20We'll see if we can try to get new support.
11:24Okay, that's it.
11:25Yes, ma'am.
11:27And the trading surface this morning has been directed,
11:29where IHSG is still 1%.
11:31How about the analysis,
11:32if we talk about IHSG in a broader way,
11:35when it was 5% weaker last week,
11:37and foreign net sales still recorded 3 trillion rupiah last week.
11:41Mr. Reza, how do you respond to the correction in IHSG
11:46and also the trend of net sales from foreign investors?
11:50Yes, so I think market players tend to respond to the existing sentiment,
12:01especially the sentiment from Trump's policy
12:04that will continue to pressure the trading market
12:11related to IHSG trading.
12:16So, it's actually negative for market players.
12:19But if we look at it from a domestic point of view,
12:22the sentiment from MNIPAN is still quite positive.
12:25And then, a few days ago,
12:29the movement of Rupiah value was able to experience an increase,
12:33especially with the release of our deficit balance,
12:36which again experienced an increase.
12:38This also gives a positive sentiment for the movement of Rupiah value.
12:42But because the global sentiment does not support,
12:45market players are more likely to take action.
12:49So, from a market player's point of view,
12:52maybe they can hold back a little
12:55to take action again,
12:57so that IHSG doesn't go down deeper.
13:00Okay.
13:01Lansa, how do you see the IHSG target
13:04when it returns to the 6,000 position right now?
13:09Yes, on Friday, IHSG was closed at 11.
13:166,900.
13:17I'm sorry, 6,700.
13:23At this point, IHSG was closed at 6,900,
13:30compared to 6,715.
13:33And then, for the price that we hope to experience a rebound,
13:37even though it's low,
13:38it's between 6,755 and 6,780.
13:44Okay. There's a chance for a rebound,
13:46but it's very low at 6,700.
13:49Okay.
Be the first to comment