SMALL CAP STOCKS INFO

Monday, 11th July 2022

INVESTMENT INFORMATION
BBYB Rp 1175 (+14.08%) : Bidik modal inti 2022 Rp 7 T
Sector IDX Finance (+1.65%)
Market cap IDR 11.07 T
Didirikan pada 9 Januari 1990, PT. Bank Neo Commerce Tbk Volume 63.87 M (+232%)
(BBYB) merupakan perusahaan yang bergerak dalam bidang
Support IDR 935
perbankan umum.
Resistance IDR 1335
BBYB membidik tambahan modal inti sebesar Rp 5 triliun,
sehingga menjadikan total modal inti perseroan mencapai Stop loss IDR 930
lebih dari Rp 7 triliun di tahun ini. Untuk merealisasikan hal
ini, perseroan berencana menggelar rights issue dan private Net Buyers (value) Net Sellers (value)
placement. Menurut perseroan, angka Rp 7 triliun ini sudah AZ (IDR 22.61 bn) SQ (IDR 7.89 bn)
melewati perhitungan kebutuhan internal perusahaan, AI (IDR 7.47 bn) CS (IDR 5.33 bn)
terutama untuk investasi dalam bidang teknologi dan sumber
BK (IDR 4.53 bn) YU (IDR 4.49 bn)
daya manusia. Dengan modal inti ini, maka capital adequacy
ratio (CAR) BBYB diproyeksikan bisa mencapai kisaran 70%
hingga 80%. Adapun CAR BBYB saat ini berada pada posisi Income Q1/2022 Growth
21,8%. Pada Q1-2022, BBYB baru memiliki modal inti Rp 2,32 Statement (YoY)
triliun, meningkat signifikan 127,45% YoY dari Rp 1,02 Interest IDR 332.1 bn +132.7%
triliun. Padahal, bank harus penuhi ketentuan kewajiban modal Income
inti minimum senilai Rp 3 triliun di penghujung 2022 menurut Net Income IDR -416.7 bn -728.4%
ketentuan OJK.
Pada perdagangan Jumat, 8 Juli 2022, BBYB ditutup pada level
harga Rp 1175 (+14,08%) dengan kenaikan volume secara
signifikan sebesar 232% dibandingkan hari sebelumnya.
1 | Small Cap Stocks Info | 11/07/2022 Mirae Asset Sekuritas Indonesia
CMPP Rp 228 (+9.62%) : Pembukaan rute Balikpapan-Denpasar

Sector IDX Trans (+1.63%)

Market cap IDR 2.44 T
Didirikan pada 1999, PT. Indonesia AirAsia Tbk (CMPP) Volume 6.09 M (-27.2%)
dioperasikan sebagai Indonesia AirAsia merupakan sebuah
Support IDR 173
maskapai penerbangan bertarif rendah yang berbasis di
Jakarta, Indonesia. Resistance IDR 276

Pada 7 Juli 2022, maskapai Air Asia resmi membuka Stop loss IDR 171
penerbangan perdana rute Denpasar-Balikpapan dan
Balikpapan-Denpasar. Peresmian penerbangan perdana itu Net Buyers (value) Net Sellers (value)
dilakukan langsung oleh Gubernur Kalitim, Isran Noor dari CC (IDR 128.3 mn) NI (IDR 72.0 mn)
ruang tunggu Gate 1 Bandara Sultan Aji Muhammad Sulaiman MG (IDR 96.0 mn) DX (IDR 68.2 mn)
Sepinggan Balikpapan. Pada tahap pertama, Air Asia membuka
BR (IDR 44.0 mn) PD (IDR 51.9 mn)
jalur penerbangan berjadwal Balikpapan-Denpasar tiga kali
seminggu dengan pesawat Airbus A320 berkapasitas 180
penumpang. Adapun kehadiran Air Asia diyakini akan Income Q1/2022 Growth
mendorong pertumbuhan dan kemajuan ekonomi Kaltim. Statement (YoY)
Perseroan mencatat selama April 2022 terdapat kunjungan Revenue IDR 276.7 bn +23.7%
wisatawan asing sebanyak lebih dari 58.000 orang melalui Net Income IDR -503.6 bn +32.6%
Bandara I Gusti Ngurah Rai Bali, dan sebagian besar berasal
dari Australia.
Pada perdagangan Jumat, 8 Juli 2022, CMPP ditutup pada level
harga Rp 228 (+9,62%) dengan penurunan volume sebesar
27,2% dibandingkan hari sebelumnya.
2 | Small Cap Stocks Info | 11/07/2022 Mirae Asset Sekuritas Indonesia
ESTA Rp 434 (+8.5%) : Ekspansi bisnis ke sektor properti
Sector IDX Cyclical (+0.04%)
Market cap IDR 967.49 B
Didirikan pada 30 September 2011, PT. Esta Multi Usaha Tbk Volume 37.60 M (+146%)
(ESTA) merupakan perusahaan yang bergerak dalam bidang
Support IDR 392
properti.
Resistance IDR 484
ESTA terus berekspansi bisnis ke sektor properti dengan
mengakuisisi PT Esta Prima Investama (EPI) senilai Rp 160 Stop loss IDR 390
miliar. EPI merupakan perusahaan yang bergerak di bidang
pengembangan properti dan pengelolaan hotel. Saat ini EPI Net Buyers (value) Net Sellers (value)
mengoperasikan tiga hotel bintang tiga di Bogor, Makasar dan YP (IDR 565.9 mn) AZ (IDR 613.7 mn)
Gorontalo. Selain itu, EPI juga memiliki tiga portofolio hotel YB (IDR 492.3 mn) AN (IDR 416.5 mn)
bintang tiga beserta land bank di Kota Tangerang dan
MK (IDR 186.7 mn) AO (IDR 384.1 mn)
Kalimantan. Kedepan, perseroan memiliki rencana strategis
bersinergi dengan EPI guna meningkatkan value added,
dimana EPI berencana membangun ESTA Tower yang Income Q1/2022 Growth
menkombinasi perkantoran dan hotel di daerah ICE – BSD, Statement (YoY)
Tangerang. Kehadiran ESTA Tower ini akan menambah jumlah Revenue IDR 2.9 bn +26.1%
kepemilikan kamar hotel sebanyak 135 unit. Bagi perseroan, Net Income IDR -566.24 mn -265%
BSD merupakan kawasan yang cukup berkembang bagi
aktivitas perkantoran.
Pada perdagangan Jumat, 8 Juli 2022, ESTA ditutup pada level
harga Rp 434 (+8,5%) dengan kenaikan volume secara
signifikan sebesar 146% dibandingkan hari sebelumnya.
3 | Small Cap Stocks Info | 11/07/2022 Mirae Asset Sekuritas Indonesia
Disclaimer

This report is published by Mirae Asset Sekuritas Indonesia, a broker-dealer registered in the Republic of Indonesia and
a member of the Indonesia Stock Exchange. Information and opinions contained herein have been compiled in good
faith and from sources believed to be reliable, but such information has not been independently verified and Mirae
Asset Sekuritas Indonesia makes no guarantee, representation or warranty, express or implied, as to the fairness,
accuracy, completeness or correctness of the information and opinions contained herein or of any translation into
English from the Indonesian language. In case of an English translation of a report prepared in the Indonesian
language, the original Indonesian language report may have been made available to investors in advance of this report.
The intended recipients of this report are sophisticated institutional investors who have substantial knowledge of the
local business environment, its common practices, laws and accounting principles and no person whose receipt or use
of this report would violate any laws and regulations or subject Mirae Asset Sekuritas Indonesia and its affiliates to
registration or licensing requirements in any jurisdiction shall receive or make any use hereof. This report is for
general information purposes only and it is not and shall not be construed as an offer or a solicitation of an offer
to effect transactions in any securities or other financial instruments. The report does not constitute investment
advice to any person and such person shall not be treated as a client of Mirae Asset Sekuritas Indonesia by virtue of
receiving this report. This report does not take into account the particular investment objectives, financial situations, or
needs of individual clients. The report is not to be relied upon in substitution for the exercise of independent judgment.
Information and opinions contained herein are as of the date hereof and are subject to change without notice. The price
and value of the investments referred to in this report and the income from them may depreciate or appreciate, and
investors may incur losses on investments. Past performance is not a guide to future performance. Future returns are
not guaranteed, and a loss of original capital may occur. Mirae Asset Sekuritas Indonesia, its affiliates and their
directors, officers, employees and agents do not accept any liability for any loss arising out of the use hereof. Mirae
Asset Sekuritas Indonesia may have issued other reports that are inconsistent with, and reach different conclusions
from, the opinions presented in this report. The reports may reflect different assumptions, views and analytical methods
of the analysts who prepared them. Mirae Asset Sekuritas Indonesia may make investment decisions that are
inconsistent with the opinions and views expressed in this research report. Mirae Asset Sekuritas Indonesia, its affiliates
and their directors, officers, employees and agents may have long or short positions in any of the subject securities at
any time and may make a purchase or sale, or offer to make a purchase or sale, of any such securities or other financial
instruments from time to time in the open market or otherwise, in each case either as principals or agents. Mirae Asset
Sekuritas Indonesia and its affiliates may have had, or may be expecting to enter into, business relationships with the
subject companies to provide investment banking, market-making or other financial services as are permitted under
applicable laws and regulations. No part of this document may be copied or reproduced in any manner or form or
redistributed or published, in whole or in part, without the prior written consent of Mirae Asset Sekuritas Indonesia.

4 | Small Cap Stocks Info | 11/07/2022 Mirae Asset Sekuritas Indonesia