Analysts Say LQ45 Stock Prices Remain Cheap and Collect-Worthy

Reporter: Ika Puspitasari | Editor: I knew laoli

KONTAN.CO.ID – JAKARTA. Some of the results of liquid stocks in the LQ45 index were still under pressure amid the uptrend in the Jakarta Composite Index (IHSG).

For example, Mitra Keluarga Kary Saran Tbk (MIKA) shares corrected 5.35% to a price of Rp 2,300, PT Tower Bersama Infrastructure Tbk (TBIG) fell 3.86%, Indofood CBP Sukses Makmur Tbk ( ICBP) fell 1.79% against the price. IDR 9,600 in the last week.

Furthermore, there are shares of Unilever Indonesia Tbk (UNVR) which fell 0.64% at a price of IDR 7,750 and Merdeka Copper Gold Tbk (MDKA) which fell 1.61% at a price of IDR 1,830 this week.

Phillip Sekuritas Indonesia analyst Anugerah Zamzami Nasr said that basically MIKA and TBIG stocks still have upside potential.

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“However, because they are more defensive, they may not be too interested at the moment, along with the rotation of defensive sectors towards the cyclical sector,” he said, on Wednesday (11/11).

Meanwhile, it assessed that the shares of UNVR, ICBP and MDKA could still be considered a diversification target, given that the shares of the consumer and gold mining sectors were also considered defensive.

Still, Zamzami said investors could look at UNVR stocks with a consensus price target of IDR 8,800, ICBP with an IDR 12,200 target price, and MDKA with an IDR 2,100 target price.

On the other hand, this week the shares of PT Bank Rakyat Indonesia Tbk (BBRI) have strengthened by 25.23%, PT Bumi Serpong Damai Tbk (BSDE) has risen 18.97%, PT Wijaya Karya Tbk (WIKA) is has shot 19.31%, Indocement Tunggal Prakarsa Tbk (INTP) with an increase of 22.29%, PT Jasa Marga (Persero) Tbk (JSMR) increased by 11.35%.

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