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Check out the Recommendations for Selected Magic Securities, Tuesday (6/12)

Check out the Recommendations for Selected Magic Securities, Tuesday (6/12)

Andrianus.my.id - INDONESIA. On Monday trading (5/12), the Composite Stock Price Index (IHSG) closed lower by 0.46% or 32.3 points at the level of 6,987.33. For today, the JCI is predicted to move mixed in the range of 6,975-7,070.

Chisty Maryani, Ajaib Sekuritas Financial Expert, said that Bank Indonesia (BI) will launch a central bank digital currency (CBDC) or digital rupiah. As a first step, BI has issued a digital rupiah white paper which can be accessed on the official BI website.

Meanwhile, the government is targeting state revenue in 2023 of IDR 2,463 trillion. This target will be achieved through various tax reforms and the implementation of the Law on the Harmonization of Tax Regulations (UU HPP). The allocation for state spending in 2023 is set at IDR 2,246.5 trillion and Transfers to Regions (TKD) of IDR 814.7 trillion.

From abroad, the release of US Non-farm Payrolls data at the end of last week showed wages rising 5.1% YoY in November 2022, higher than the increase in the previous month which was recorded at 4.9% YoY.

It was reported from Turkey that the Turkish Consumer Price Index (CPI) in November 2022 was recorded at 84.4% YoY, down for the first time in more than 18 months, and down from the highest level from the previous month which was recorded at 85.5% YoY.

Meanwhile, China will launch the third pillar of the pension system early next year. The program is expected to bring US$1.5 trillion of public funds into the financial system.

Ajaib Securities stocks:

1. PT Bumi Resources Minerals Tbk ( BRMS )

Buy on weakness on BRMS, BRMS closes above the 50 day MA, as long as it moves above the 50 MA there is still potential for consolidation. Volume decreased, meaning selling pressure began to weaken. Stochastic is in the neutral area and MACD line is moving above the centerline.

BRMS has operated its second carbon in leach gold plant since early November 2022 with a production capacity of 4,000 tonnes of ore per day. With an increase in gold production, it has the potential to boost BRMS profitability or increase the top line in the fourth quarter of 2022.

Recommendation: Buy IDR 178

Target price: IDR 184

Stop loss: IDR 173

2. PT Gaya Abadi Perfect Tbk ( SLIS )

SLIS closed at the highest level with higher volume than the previous day, stochastic up, MACD bar histogram is in positive momentum.

SLIS's performance until the third quarter of 2022 recorded a 25% YoY increase in net profit to IDR 25.46 billion. The net profit was supported by increased sales which grew 11% YoY to IDR 356.92 billion. SLIS will hold a rights issue which aims to increase the subsidiary's working capital. The implementation of this rights issue will increase SLIS's equity so that the capital structure will improve

Recommendation: Buy IDR 274

Target price: IDR 284

Stop loss: IDR 252

3. PT Sarana Menara Nusantara Tbk ( TOWR )

TOWR is consolidating in the short term, volume is up, stochastic is moving in the neutral area and MACD bar histogram is in the positive level.

TOWR's performance in the third quarter of 2022 still recorded revenue growth of 33.6% yoy to IDR 8.1 trillion. The strategic prospects for TOWR are in line with its subsidiaries, namely Protelindo and iForte, which are working with SSIA to build towers and fiber optic networks throughout the Subang Smartpolitan Area.

Recommendation: Buy IDR 1,145

Target price: IDR 1,180

Stop loss: IDR 1,130

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