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Sunday, Aug-25 2019 14:25 WIB
  • AGRI 1,368.970 -5.290 (-0.385%)
  • BASIC-IND 841.620 6.100 (0.730%)
  • BISNIS-27 547.850 1.000 (0.183%)
  • COMPOSITE 6,255.600 16.350 (0.262%)
  • CONSUMER 2,403.300 9.450 (0.395%)
  • DBX 1,135.750 8.380 (0.743%)
  • FINANCE 1,252.950 0.690 (0.055%)
  • I-GRADE 174.690 -0.340 (-0.194%)
  • IDX30 532.910 1.730 (0.326%)
  • IDX80 138.700 0.410 (0.296%)
  • IDXBUMN20 396.740 -0.820 (-0.206%)
  • IDXG30 138.000 -0.180 (-0.130%)
  • IDXHIDIV20 496.850 1.620 (0.327%)
  • IDXSMC-COM 266.190 0.630 (0.237%)
  • IDXSMC-LIQ 314.660 -0.350 (-0.111%)
  • IDXV30 138.000 1.650 (1.210%)
  • INFOBANK15 961.470 -0.670 (-0.070%)
  • INFRASTRUC 1,216.310 -8.760 (-0.715%)
  • Investor33 450.930 2.340 (0.522%)
  • ISSI 188.300 0.940 (0.502%)
  • JII 679.250 4.230 (0.627%)
  • JII70 231.320 0.990 (0.430%)
  • KOMPAS100 1,263.190 2.090 (0.166%)
  • LQ45 975.260 2.880 (0.296%)
  • MANUFACTUR 1,509.390 12.770 (0.853%)
  • MBX 1,741.260 3.410 (0.196%)
  • MINING 1,590.040 13.200 (0.837%)
  • MISC-IND 1,172.080 33.290 (2.923%)
  • MNC36 347.830 1.310 (0.378%)
  • PEFINDO25 335.700 -2.340 (-0.692%)
  • PROPERTY 498.200 1.560 (0.314%)
  • SMinfra18 331.180 -0.970 (-0.292%)
  • SRI-KEHATI 390.560 1.330 (0.342%)
  • TOTAL_MARKET 6,255.600 16.350 (0.262%)
  • TRADE 785.360 -0.730 (-0.093%)
  • © 2010 IMQ - LKBN ANTARA
  • AALI 10,650 75 (0.71%)
  • ABBA 144 -3 (-2.04%)
  • ABMM 1,860 -10 (-0.53%)
  • ACES 1,760 -20 (-1.12%)
  • ACST 1,240 -10 (-0.80%)
  • ADES 1,075 15 (1.42%)
  • ADHI 1,390 -5 (-0.36%)
  • ADMF 11,150 550 (5.19%)
  • ADMG 236 4 (1.72%)
  • ADRO 1,085 65 (6.37%)
  • AGII 620 -5 (-0.80%)
  • AGRO 266 -8 (-2.92%)
  • AGRS 248 -82 (-24.85%)
  • AHAP 55 0 (0.00%)
  • AKKU 50 0 (0.00%)
  • AKPI 472 60 (14.56%)
  • AKRA 4,030 -30 (-0.74%)
  • ALDO 372 2 (0.54%)
  • ALKA 486 52 (11.98%)
  • ALMI 494 16 (3.35%)
  • AMFG 5,100 0 (0.00%)
  • AMRT 870 -15 (-1.69%)
  • ANDI 2,250 300 (15.38%)
  • ANJT 810 0 (0.00%)
  • ANTM 1,015 -25 (-2.40%) © 2010 IMQ - LKBN ANTARA
  • APEX 530 -110 (-17.19%)
  • APIC 665 45 (7.26%)
  • APII 165 -6 (-3.51%)
  • APLI 120 5 (4.35%)
  • APLN 184 -3 (-1.60%)
  • APOL-W2 18 -2 (-10.00%)
  • ARII 730 0 (0.00%)
  • ARKA 1,750 150 (9.38%)
  • ARMY 218 0 (0.00%)
  • ARNA 545 0 (0.00%)
  • ARTA 330 -50 (-13.16%)
  • ARTI 50 0 (0.00%)
  • ASGR 1,050 -15 (-1.41%)
  • ASII 6,575 250 (3.95%)
  • ASJT 220 2 (0.92%)
  • ASMI 1,000 70 (7.53%)
  • ASRI 314 -2 (-0.63%)
  • ASSA 825 0 (0.00%)
  • ATIC 850 35 (4.29%)
  • AUTO 1,355 5 (0.37%)
  • BABP 50 0 (0.00%)
  • BAJA 83 0 (0.00%)
  • BALI 1,660 20 (1.22%)
  • BAPA 90 5 (5.88%)
  • BATA 670 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • BAYU 1,550 0 (0.00%)
  • BBCA 29,975 -25 (-0.08%)
  • BBHI 170 8 (4.94%)
  • BBKP 290 0 (0.00%)
  • BBLD 488 18 (3.83%)
  • BBNI 7,625 25 (0.33%)
  • BBRI 4,080 10 (0.25%)
  • BBTN 2,190 10 (0.46%)
  • BBYB 280 0 (0.00%)
  • BCAP 216 12 (5.88%)
  • BCIP 84 1 (1.20%)
  • BDMN 5,100 25 (0.49%)
  • BEEF 382 -2 (-0.52%)
  • BEEF-W 41 -2 (-4.65%)
  • BEKS 50 0 (0.00%)
  • BELL 515 10 (1.98%)
  • BEST 316 -2 (-0.63%)
  • BFIN 580 5 (0.87%)
  • BGTG 70 -1 (-1.41%)
  • BHIT 74 1 (1.37%)
  • BIKA 200 2 (1.01%)
  • BIMA 50 0 (0.00%)
  • BINA 900 50 (5.88%)
  • BIPI 50 0 (0.00%)
  • BIPI-W 13 -1 (-7.14%) © 2010 IMQ - LKBN ANTARA
  • BIPP 67 0 (0.00%)
  • BIRD 2,700 0 (0.00%)
  • BISI 1,390 -5 (-0.36%)
  • BJBR 1,545 20 (1.31%)
  • BJTM 635 5 (0.79%)
  • BKDP 56 0 (0.00%)
  • BKSL 124 -3 (-2.36%)
  • BKSL-W 27 0 (0.00%)
  • BKSW 190 0 (0.00%)
  • BLTA 50 0 (0.00%)
  • BLUE 630 -10 (-1.56%)
  • BMRI 7,175 -50 (-0.69%)
  • BMSR 70 -4 (-5.41%)
  • BMTR 346 -6 (-1.70%)
  • BNBA 298 -8 (-2.61%)
  • BNBR 50 0 (0.00%)
  • BNGA 1,050 -15 (-1.41%)
  • BNII 242 -6 (-2.42%)
  • BNLI 970 -20 (-2.02%)
  • BOGA 790 25 (3.27%)
  • BOLA 370 0 (0.00%)
  • BOLT 880 10 (1.15%)
  • BOSS 800 -50 (-5.88%)
  • BPTR 100 2 (2.04%)
  • BRIS 466 8 (1.75%) © 2010 IMQ - LKBN ANTARA
  • BRMS 50 0 (0.00%)
  • BRPT 725 5 (0.69%)
  • BRPT-W 336 -14 (-4.00%)
  • BSDE 1,400 50 (3.70%)
  • BSIM-W3 51 4 (8.51%)
  • BSSR 1,410 10 (0.71%)
  • BTEK 71 -2 (-2.74%)
  • BTON 212 0 (0.00%)
  • BTPN 3,430 90 (2.69%)
  • BTPS 3,230 30 (0.94%)
  • BUDI 100 0 (0.00%)
  • BUKK 1,700 0 (0.00%)
  • BULL 192 -1 (-0.52%)
  • BULL-W 94 0 (0.00%)
  • BULL-W2 30 1 (3.45%)
  • BUMI 92 0 (0.00%)
  • BUVA 91 3 (3.41%)
  • BVIC 179 3 (1.70%)
  • BWPT 138 -3 (-2.13%)
  • BYAN 16,300 0 (0.00%)
  • CAKK 115 -1 (-0.86%)
  • CAKK-W 22 -1 (-4.35%)
  • CAMP 515 -15 (-2.83%)
  • CANI 161 -29 (-15.26%)
  • CARS 240 8 (3.45%) © 2010 IMQ - LKBN ANTARA
  • CASA 402 6 (1.52%)
  • CASS 660 -20 (-2.94%)
  • CCSI 322 30 (10.27%)
  • CEKA 1,530 -15 (-0.97%)
  • CENT 83 -1 (-1.19%)
  • CFIN 310 -2 (-0.64%)
  • CINT 274 2 (0.74%)
  • CITY 202 -4 (-1.94%)
  • CITY-W 104 -1 (-0.95%)
  • CLAY 4,720 20 (0.43%)
  • CLEO 660 30 (4.76%)
  • CLPI 830 10 (1.22%)
  • CMNP 1,470 20 (1.38%)
  • CNKO 50 0 (0.00%)
  • CNTX 440 -14 (-3.08%)
  • COCO 920 0 (0.00%)
  • COCO-W 498 2 (0.40%)
  • COWL 206 -16 (-7.21%)
  • CPIN 4,650 60 (1.31%)
  • CPRI 62 -2 (-3.12%)
  • CPRI-W 30 1 (3.45%)
  • CPRO 50 0 (0.00%)
  • CSAP 488 8 (1.67%)
  • CSIS 92 -1 (-1.08%)
  • CTRA 1,220 -35 (-2.79%) © 2010 IMQ - LKBN ANTARA
  • CTTH 91 -2 (-2.15%)
  • DART 328 0 (0.00%)
  • DEAL 1,475 20 (1.37%)
  • DEFI 1,910 0 (0.00%)
  • DFAM 930 20 (2.20%)
  • DIGI 1,940 -45 (-2.27%)
  • DILD 414 -2 (-0.48%)
  • DIVA 3,850 -40 (-1.03%)
  • DKFT 250 2 (0.81%)
  • DLTA 7,100 -25 (-0.35%)
  • DMAS 306 -4 (-1.29%)
  • DNET 3,080 10 (0.33%)
  • DOID 350 0 (0.00%)
  • DPUM 110 -2 (-1.79%)
  • DSFI 127 2 (1.60%)
  • DSNG 340 0 (0.00%)
  • DSSA 19,975 0 (0.00%)
  • DUCK 1,655 75 (4.75%)
  • DUTI 6,700 -75 (-1.11%)
  • DVLA 2,300 30 (1.32%)
  • DWGL 200 10 (5.26%)
  • DWGL-W 22 3 (15.79%)
  • DYAN 126 1 (0.80%)
  • EAST 196 -4 (-2.00%)
  • EAST-W 16 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • ECII 1,100 -20 (-1.79%)
  • EKAD 875 5 (0.57%)
  • ELSA 336 -2 (-0.59%)
  • EMDE 238 0 (0.00%)
  • EMTK 7,175 0 (0.00%)
  • ENRG 53 0 (0.00%)
  • ENVY 1,325 0 (0.00%)
  • EPMT 2,340 0 (0.00%)
  • ERAA 1,480 -175 (-10.57%)
  • ERTX 123 0 (0.00%)
  • ESSA 260 8 (3.17%)
  • ESTI 94 0 (0.00%)
  • EXCL 3,330 -20 (-0.60%)
  • FAST 2,630 -20 (-0.75%)
  • FASW 8,175 0 (0.00%)
  • FILM 910 0 (0.00%)
  • FINN 50 0 (0.00%)
  • FIRE 2,440 340 (16.19%)
  • FITT 98 0 (0.00%)
  • FITT-W 34 0 (0.00%)
  • FMII 540 10 (1.89%)
  • FOOD 151 -19 (-11.18%)
  • FORZ 945 -5 (-0.53%)
  • FPNI 136 0 (0.00%)
  • FREN 156 -2 (-1.27%) © 2010 IMQ - LKBN ANTARA
  • FREN-W 87 -1 (-1.14%)
  • FUJI 118 1 (0.85%)
  • GAMA 50 0 (0.00%)
  • GDST 85 -1 (-1.16%)
  • GEMA 370 2 (0.54%)
  • GGRM 76,475 475 (0.62%)
  • GHON 1,290 5 (0.39%)
  • GIAA 498 0 (0.00%)
  • GJTL 680 10 (1.49%)
  • GLOB 482 -38 (-7.31%)
  • GMFI 206 4 (1.98%)
  • GMTD 19,700 -200 (-1.01%)
  • GOLD 234 0 (0.00%)
  • GOOD 1,790 90 (5.29%)
  • GPRA 94 0 (0.00%)
  • GSMF 109 0 (0.00%)
  • GTBO 159 -18 (-10.17%)
  • GWSA 191 2 (1.06%)
  • GZCO 50 0 (0.00%)
  • HDFA 165 0 (0.00%)
  • HDIT 780 0 (0.00%)
  • HEAL 3,370 0 (0.00%)
  • HELI 157 1 (0.64%)
  • HELI-W 16 1 (6.67%)
  • HERO 685 -40 (-5.52%) © 2010 IMQ - LKBN ANTARA
  • HEXA 3,230 20 (0.62%)
  • HITS 660 45 (7.32%)
  • HKMU 350 8 (2.34%)
  • HMSP 2,860 -20 (-0.69%)
  • HOKI 835 -10 (-1.18%)
  • HOME 79 5 (6.76%)
  • HOTL 197 9 (4.79%)
  • HRME 875 30 (3.55%)
  • HRTA 284 -6 (-2.07%)
  • HRUM 1,400 45 (3.32%)
  • IBFN 200 -16 (-7.41%)
  • IBFN-W 31 4 (14.81%)
  • ICBP 11,775 -50 (-0.42%)
  • ICON 99 -1 (-1.00%)
  • IGAR 350 0 (0.00%)
  • IIKP 50 0 (0.00%)
  • IKAI 148 -1 (-0.67%)
  • IKBI 274 4 (1.48%)
  • IMAS 1,790 5 (0.28%)
  • IMJS 472 8 (1.72%)
  • IMPC 1,030 0 (0.00%)
  • INAF 2,050 0 (0.00%)
  • INAI 442 -12 (-2.64%)
  • INCF 72 3 (4.35%)
  • INCI 438 -2 (-0.45%) © 2010 IMQ - LKBN ANTARA
  • INCO 3,300 -40 (-1.20%)
  • INDF 7,775 175 (2.30%)
  • INDR 3,940 -40 (-1.01%)
  • INDS 2,260 10 (0.44%)
  • INDX 65 0 (0.00%)
  • INDY 1,365 40 (3.02%)
  • INKP 6,950 50 (0.72%)
  • INOV 378 0 (0.00%)
  • INPC 68 -1 (-1.45%)
  • INPC-W 8 0 (0.00%)
  • INPP 850 70 (8.97%)
  • INPS 3,100 0 (0.00%)
  • INRU 760 10 (1.33%)
  • INTA 474 4 (0.85%)
  • INTD 140 0 (0.00%)
  • INTP 21,175 -75 (-0.35%)
  • IPCC 1,215 10 (0.83%)
  • IPCM 258 2 (0.78%)
  • IPOL 105 2 (1.94%)
  • IPTV 218 2 (0.93%)
  • IPTV-W 15 0 (0.00%)
  • ISAT 3,270 -260 (-7.37%)
  • ISSP 113 0 (0.00%)
  • ITIC 750 50 (7.14%)
  • ITMG 12,075 50 (0.42%) © 2010 IMQ - LKBN ANTARA
  • JAST 1,210 -15 (-1.22%)
  • JAWA 112 6 (5.66%)
  • JAYA 104 -5 (-4.59%)
  • JAYA-W 20 0 (0.00%)
  • JECC 6,000 -175 (-2.83%)
  • JIHD 530 -35 (-6.19%)
  • JKON 535 25 (4.90%)
  • JMAS 880 45 (5.39%)
  • JPFA 1,580 0 (0.00%)
  • JRPT 770 10 (1.32%)
  • JSKY 560 0 (0.00%)
  • JSMR 5,700 25 (0.44%)
  • JTPE 1,010 0 (0.00%)
  • KAEF 3,210 60 (1.90%)
  • KARW 60 -4 (-6.25%)
  • KAYU 540 -20 (-3.57%)
  • KBLI 590 -10 (-1.67%)
  • KBLM 348 38 (12.26%)
  • KBLV 398 -22 (-5.24%)
  • KDSI 1,480 40 (2.78%)
  • KIAS 77 3 (4.05%)
  • KICI 218 -24 (-9.92%)
  • KIJA 310 2 (0.65%)
  • KINO 3,090 30 (0.98%)
  • KIOS 498 16 (3.32%) © 2010 IMQ - LKBN ANTARA
  • KJEN 1,465 5 (0.34%)
  • KKGI 200 -2 (-0.99%)
  • KLBF 1,620 -5 (-0.31%)
  • KMTR 314 0 (0.00%)
  • KOBX 154 1 (0.65%)
  • KOIN 185 0 (0.00%)
  • KONI 540 0 (0.00%)
  • KOPI 630 5 (0.80%)
  • KOTA 474 -8 (-1.66%)
  • KOTA-W 18 -1 (-5.26%)
  • KPAL 630 0 (0.00%)
  • KPAS 111 -1 (-0.89%)
  • KPIG 136 -1 (-0.73%)
  • KRAH 2,200 -190 (-7.95%)
  • KRAS 332 4 (1.22%)
  • KREN 545 0 (0.00%)
  • LAND 1,730 25 (1.47%)
  • LAPD 50 0 (0.00%)
  • LCKM 326 0 (0.00%)
  • LEAD 50 0 (0.00%)
  • LIFE 11,875 0 (0.00%)
  • LINK 4,030 -60 (-1.47%)
  • LION 480 2 (0.42%)
  • LMAS 60 0 (0.00%)
  • LMPI 139 -2 (-1.42%) © 2010 IMQ - LKBN ANTARA
  • LPCK 1,380 -15 (-1.08%)
  • LPIN 298 6 (2.05%)
  • LPKR 258 -2 (-0.77%)
  • LPLI 132 13 (10.92%)
  • LPPF 3,100 70 (2.31%)
  • LPPS 94 0 (0.00%)
  • LRNA 139 -8 (-5.44%)
  • LSIP 1,185 -10 (-0.84%)
  • LTLS 655 0 (0.00%)
  • LUCK 1,455 0 (0.00%)
  • MABA 50 0 (0.00%)
  • MAIN 900 -10 (-1.10%)
  • MAMI 89 0 (0.00%)
  • MAMI-W 18 0 (0.00%)
  • MAPA 5,450 -100 (-1.80%)
  • MAPB 1,750 0 (0.00%)
  • MAPI 1,000 -40 (-3.85%)
  • MARI 254 6 (2.42%)
  • MARK 486 -2 (-0.41%)
  • MASA 580 -50 (-7.94%)
  • MBAP 1,950 0 (0.00%)
  • MBSS 530 0 (0.00%)
  • MCAS 3,550 10 (0.28%)
  • MCOR 152 -8 (-5.00%)
  • MDIA 140 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • MDKA 6,225 150 (2.47%)
  • MDKI 204 0 (0.00%)
  • MDLN 246 0 (0.00%)
  • MEDC 760 -5 (-0.65%)
  • MEDC-W 168 -1 (-0.59%)
  • MERK 3,170 -30 (-0.94%)
  • META 192 0 (0.00%)
  • MFIN 1,135 -5 (-0.44%)
  • MGRO 805 -10 (-1.23%)
  • MIDI 1,100 0 (0.00%)
  • MIKA 2,340 -60 (-2.50%)
  • MINA 1,985 -10 (-0.50%)
  • MKNT 55 -2 (-3.51%)
  • MLBI 18,500 -100 (-0.54%)
  • MLIA 1,485 -5 (-0.34%)
  • MLPL 99 1 (1.02%)
  • MMLP 352 0 (0.00%)
  • MNCN 1,255 -5 (-0.40%)
  • MOLI 990 10 (1.02%)
  • MPMX 685 5 (0.74%)
  • MPOW 103 0 (0.00%)
  • MPPA 173 -3 (-1.70%)
  • MPRO 795 35 (4.61%)
  • MRAT 155 0 (0.00%)
  • MREI 6,250 175 (2.88%) © 2010 IMQ - LKBN ANTARA
  • MSIN 370 2 (0.54%)
  • MSKY 990 0 (0.00%)
  • MTDL 1,310 15 (1.16%)
  • MTFN 50 0 (0.00%)
  • MTLA 478 0 (0.00%)
  • MTPS 1,655 -10 (-0.60%)
  • MTPS-W 336 0 (0.00%)
  • MTRA 330 0 (0.00%)
  • MTSM 240 10 (4.35%)
  • MTWI 81 0 (0.00%)
  • MYOH 1,380 10 (0.73%)
  • MYOR 2,430 20 (0.83%)
  • MYRX 96 -3 (-3.03%)
  • MYTX 60 -3 (-4.76%)
  • NASA 705 10 (1.44%)
  • NATO 805 15 (1.90%)
  • NELY 138 -17 (-10.97%)
  • NFCX 2,390 30 (1.27%)
  • NICK 274 -20 (-6.80%)
  • NIKL 1,285 -15 (-1.15%)
  • NISP 865 0 (0.00%)
  • NOBU 995 15 (1.53%)
  • NRCA 396 4 (1.02%)
  • NUSA 65 -1 (-1.52%)
  • NUSA-W 10 1 (11.11%) © 2010 IMQ - LKBN ANTARA
  • OCAP 250 -20 (-7.41%)
  • OKAS 93 -11 (-10.58%)
  • OMRE 1,815 35 (1.97%)
  • PADI 690 10 (1.47%)
  • PALM 230 -4 (-1.71%)
  • PAMG 150 -10 (-6.25%)
  • PANI 102 0 (0.00%)
  • PANR 362 4 (1.12%)
  • PANS 1,615 -35 (-2.12%)
  • PBID 1,000 0 (0.00%)
  • PBRX 685 0 (0.00%)
  • PBSA 775 -10 (-1.27%)
  • PCAR 1,800 0 (0.00%)
  • PDES 1,390 25 (1.83%)
  • PEGE 196 0 (0.00%)
  • PEHA 1,720 20 (1.18%)
  • PGAS 1,830 25 (1.39%)
  • PICO 1,590 -15 (-0.93%)
  • PJAA 1,080 0 (0.00%)
  • PKPK 75 -5 (-6.25%)
  • PLIN 3,010 -190 (-5.94%)
  • PNBN 1,475 5 (0.34%)
  • PNBS 52 1 (1.96%)
  • PNIN 1,290 -5 (-0.39%)
  • PNLF 318 -4 (-1.24%) © 2010 IMQ - LKBN ANTARA
  • POLA 760 -25 (-3.18%)
  • POLI 770 -10 (-1.28%)
  • POLL 4,000 440 (12.36%)
  • POLU 1,850 0 (0.00%)
  • POLY 70 0 (0.00%)
  • POOL 1,510 0 (0.00%)
  • PORT 630 65 (11.50%)
  • POWR 950 40 (4.40%)
  • PPRE 360 10 (2.86%)
  • PPRO 103 0 (0.00%)
  • PRDA 4,300 0 (0.00%)
  • PRIM 450 -30 (-6.25%)
  • PRIM-W 36 0 (0.00%)
  • PSAB 260 0 (0.00%)
  • PSKT 50 0 (0.00%)
  • PSSI 166 -1 (-0.60%)
  • PTBA 2,490 70 (2.89%)
  • PTPP 1,890 -25 (-1.31%)
  • PTRO 1,405 -20 (-1.40%)
  • PTSN 434 -6 (-1.36%)
  • PWON 670 -15 (-2.19%)
  • PZZA 1,000 0 (0.00%)
  • RAJA 248 -2 (-0.80%)
  • RALS 1,250 -20 (-1.57%)
  • RANC 406 6 (1.50%) © 2010 IMQ - LKBN ANTARA
  • RBMS 82 0 (0.00%)
  • RICY 169 3 (1.81%)
  • RIGS 248 6 (2.48%)
  • RIMO 130 0 (0.00%)
  • RISE 640 30 (4.92%)
  • RMBA 348 2 (0.58%)
  • RODA 242 -14 (-5.47%)
  • ROTI 1,315 25 (1.94%)
  • RUIS 240 2 (0.84%)
  • SAFE 204 14 (7.37%)
  • SAME 482 -4 (-0.82%)
  • SAPX 790 0 (0.00%)
  • SATU 114 1 (0.88%)
  • SCCO 9,100 -25 (-0.27%)
  • SCMA 1,160 -5 (-0.43%)
  • SDMU 52 2 (4.00%)
  • SDPC 108 0 (0.00%)
  • SFAN 940 -10 (-1.05%)
  • SGRO 2,340 40 (1.74%)
  • SHID 3,420 20 (0.59%)
  • SHIP 820 30 (3.80%)
  • SIDO 1,200 30 (2.56%)
  • SILO 6,175 0 (0.00%)
  • SIMA 65 0 (0.00%)
  • SIMP 336 -8 (-2.33%) © 2010 IMQ - LKBN ANTARA
  • SIPD 1,060 0 (0.00%)
  • SKBM 430 -18 (-4.02%)
  • SKRN 422 0 (0.00%)
  • SKYB 105 5 (5.00%)
  • SMAR 3,700 -280 (-7.04%)
  • SMBR 795 -15 (-1.85%)
  • SMCB 1,360 0 (0.00%)
  • SMDM 132 0 (0.00%)
  • SMDR 278 -2 (-0.71%)
  • SMGR 13,075 50 (0.38%)
  • SMKL 254 2 (0.79%)
  • SMKL-W 25 -2 (-7.41%)
  • SMMT 120 0 (0.00%)
  • SMRA 1,200 -5 (-0.41%)
  • SMRU 50 0 (0.00%)
  • SMSM 1,285 -20 (-1.53%)
  • SOCI 189 -2 (-1.05%)
  • SOSS 322 14 (4.55%)
  • SOSS-W 41 -1 (-2.38%)
  • SOTS 288 20 (7.46%)
  • SOTS-W 80 17 (26.98%)
  • SPMA 322 -6 (-1.83%)
  • SPTO 995 15 (1.53%)
  • SQMI 204 0 (0.00%)
  • SRAJ 250 -20 (-7.41%) © 2010 IMQ - LKBN ANTARA
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Menghitung Prospek Steel Pipe Industry
Published: 9 Jun 2014 05:12 WIB


IMQ, Jakarta —  Sejak listing perdana pada 22 Februari 2013 lalu di harga 295, saham Steel Pipe Industry of Indonesia, yang sering juga disingkat Spindo (ISSP), sahamnya turun bukannya naik.

Pengamat pasar modal Teguh Hidayat menuturkan, sahamnya terus turun hingga sempat menyentuh 131 sebagai titik terendahnya, meski kemudian mulai naik lagi dan terakhir ditutup di 168.

Kalau melihat model bisnisnya yang tidak biasa, yakni membuat dan menjual pipa-pipa baja, ISSP memang agak sulit untuk dijadikan pilihan investasi jangka panjang karena kinerja perusahaan kedepannya bisa sangat dipengaruhi oleh fluktuasi harga bahan baku, pelemahan Rupiah.

"However, kalau melihat valuasi sahamnya yang terdiskon, manajemennya yang konservatif, serta kinerja terbaru perusahaan yang jelas-jelas masih oke, maka ISSP ini terlalu menarik untuk diabaikan," ujar Teguh dalam riset edisi Juni 2014.

ISSP adalah perusahaan produsen pipa baja terbesar di Indonesia yang bermarkas di Surabaya, di mana perusahaan menjual produk berupa pipa baja berbagai bentuk dan ukuran untuk pelanggan industri, konstruksi, minyak dan gas, hingga pabrik otomotif. Selain menjual pipa baja jenis stainless steel dan karbon, ISSP juga menyediakan jasa pelapisan dan pemotongan lembaran baja.

Hingga akhir 2012 perusahaan memiliki lima buah pabrik, yang tiga di antaranya berlokasi di Surabaya, dan dua lainnya di Pasuruan, Jawa Timur, dan Karawang, Jawa Barat.

Meski sudah berdiri dan beroperasi sejak 1971, hingga saat ini perusahaan hanya fokus pada pembuatan pipa baja saja dan tidak merambah bidang lain yang masih berkaitan seperti mendirikan pabrik baja, atau membuat produk baja lain selain pipa, seperti kawat baja, baja konstruksi.

Namun, dari sudut pandang investor hal ini justru bagus karena itu berarti perusahaannya bisa fokus pada satu jenis bidang usaha saja. Dan meski nama perusahaannya kurang terkenal di mata orang awam, namun dikalangan industri, Spindo sudah cukup dikenal sebagai perusahaan spesialis pipa baja.

"Bisnis pipa baja yang dijalani ISSP ini sangat rentan terhadap kenaikan harga lembaran baja sebagai bahan baku pembuatan pipa, fluktuasi nilai tukar Rupiah (karena sebagian lembaran baja tersebut diperoleh dari impor), dan perkembangan dari pasar pipa baja itu sendiri, yang sangat dipengaruhi oleh perkembangan industri-industri yang membutuhkan pipa baja," paparnya.

Artinya,tidak heran ketika melihat bahwa di 2009 lalu, ISSP menderita kerugian hingga Rp308 miliar akibat pengaruh krisis global. Meski demikian di luar 2009 tersebut, laba bersih serta ekuitas perusahaan senantiasa bertumbuh hingga saat ini.

Kemudian soal prospek ke depannya, ketika perusahaan menggelar IPO kemarin, dananya untuk membangun pabrik anyar di Gresik, dan menambah kapasitas pabrik yang sudah ada di Karawang dan Pasuruan. Namun karena pabriknya belum jadi, maka sejauh ini hasilnya belum kelihatan.

Kinerja ISSP yang cukup bagus dalam setahunan terakhir ini lebih karena turunnya harga bahan baku baja, sehingga margin laba perusahaan meningkat (dan yang kena dampak negatifnya malah Krakatau Steel/KRAS, yang merupakan salah satu supplier lembaran baja ke ISSP).

Tapi yang membuat saham ini menarik adalah valuasinya. Kalau anda mengakuisisi 100% saham ISSP pada harga sahamnya saat ini, yakni Rp168 per saham, maka anda akan mengeluarkan dana Rp1,2 trilyun, untuk memperoleh aset bersih senilai total Rp2 trilyun.

"Dan kabar baiknya, mayoritas aset ISSP merupakan aset lancar seperti piutang usaha, persediaan bahan baku lembaran baja, hingga persediaan pipa baja siap jual, yang bisa dengan mudah dilikuidasi setiap saat," urainya.

Ia menilai perusahaan akan terus mencetak laba bersih yang besar seperti sekarang (pada Kuartal I 2014, ROE-nya 17%, cukup besar untuk ukuran perusahaan manufaktur yang marginnya biasanya kecil).

Dan kalau anda membeli 100% saham ISSP pada harga terendahnya, yakni Rp131 per saham, maka anda akan mengeluarkan dana Rp941 miliar untuk memperoleh modal kerja bersih (aset lancar ISSP dikurangi kewajiban lancarnya) senilai Rp951 miliar, belum termasuk aset-aset tetap seperti pabrik, kendaraan, dll.

Hal ini mengingatkan penulis ketika pada tahun 1962, Warren Buffett membeli Berkshire Hathaway pada PBV 0,8 kali berdasarkan nilai modal kerja bersihnya saja, diluar aset-aset tetap milik perusahaan.

Posisi ISSP saat ini seharusnya berada di level 250 atau di atasnya, dan kalau di atas itu maka barulah saham ini tidak bisa dikatakan murah lagi, karena PBV-nya sudah di atas 1 kali.

"So, meski saham ini mungkin tidak bisa dipegang untuk periode katakanlah 2 – 3 tahun, namun dalam jangka yang lebih pendek ISSP mungkin menawarkan gain yang lumayan," ujarnya.
Author: Susan Silaban
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