BUY: BBRI, INDF, BBNI, BMRI

• Walaupun sempat di gempur profit taking  akibat ketakutan pasar mengenai proses penyelesaian hutang Yunani yang berlaru panjang hingga menahan IHSG dibawah level psikololgis 4,000, namun penguatan rupiah memberikan signal bahwa hal ini hanya bersifat temporer saja.

• Beberapa big cap perbankan belum sepenuhya price ini sentimen positif dari penguatan ruipiah dari 9,250  ke 8,995 selama sebulan terakhir dan potensi penurunan suku bunga lagi pasca overnight rate dipangkas beberapa minggu lalu. 

• IHSG close (25-01) 3.963.21 (-30.07/-0.78%) (Val.Rp.3.5T)

• Support: 3.930-3.875-3,790 Resistance:.4.050-4.125

Stock picks

1.     Bank BRI  (BBRI) (BUY) (Target. Rp.7.150)  (Close 25/01 Rp.6.950)

• Koreksi selama 3 hari di emitten big cap perbankan BUMN spesialis kredit mikro UKM ini dirasakan sudah cukup mencerminkan banyak hal negatif di pasar dan kelihatannya hanya proses biasa untuk membentuk upleg baru dalam penerusan medium term trend.

• Entry (1) Rp.6.900, Entry (2) Rp.6.800, Cut loss point: Rp.6.750

2.    Bank BNI  (BBNI)  (BUY): (Target: Rp.3.900) (Close 25/01 Rp.3.700)

• Pasca  koreksi setelah dilakukan private placement, emitten perbankan BUMN dengan mixture corporate dan retail segment ini mulai membentuk pola akumulasi trading range dengan potensi breakout target di high Desember lalu (Rp.3.900).

• Entry (1) Rp.3.700, Entry (2) Rp.3.600,  Cut loss point: Rp.3.500
  

3.     Indofood  (INDF)  (BUY) : (Target Rp.5.050)  (Close 25/01: Rp.4.875)

• Emitten consumer big cap pembuat mie instan dengan coverage ke CPO ini sangat diuntungkan dari penguatan rupiah yang mengurangi cost import bahan baku gandum dan biaya pembayaran hutang US$ (debt servicing) sehingga berpotensi menanjutkan rally.

• Entry: (1) Rp.4.850, Entry (2) Rp.4.800,  Cut loss point Rp.4.725

4.    Bank Mandiri  (BMRI)  (BUY): (Target: Rp.7.150) (Close 25/01 Rp.6.950) 

• Pasca menutup price gap yang hanya merupakan proses koreksi minor biasa dalam formasi uptrend, emitten perbankan BUMN dengan mix corporate retail dan sangat sensitive terhadap pergerakan rupiah karena mempnunyai basis pinjaman dalam bonds RI, kelihatannya dapat melanjutkan rebound kembali yang tertunda.

• Entry: (1) Rp.6.950, Entry (2) Rp.6.850, Cut loss point: Rp.6.750
  

Yuganur Wijanarko

Senior Research (Yuganur@hdx.co.id)

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