Analysts say that the price of the LQ45 shares is still cheap and worthy of collection

Reporter: Ika Puspitasari | Editor: I knew Laoli

KONTAN.CO.ID – JAKARTA. Some of the performance of liquid stocks in the LQ45 index is still under pressure amid the increasing trend of the Jakarta Composite Index (IHSG).

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

In addition, there are shares of Unilever Indonesia Tbk (UNVR) which fell 0.64% to the price of IDR 7,750 and Merdeka Copper Gold Tbk (MDKA) which fell 1.61% to the price of Rp 1,830 this week.

Analyst of Phillip Sekuritas Indonesia Anugerah Zamzami Nasr said that basically MIKA and TBIG shares still have upside potential.

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

Meanwhile, he assessed that UNVR, ICBP and MDKA shares could still be considered as a diversification objective, given that stocks from the consumption and gold mining sectors were also considered defensive.

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

On the other hand, during this week the shares of PT Bank Rakyat Indonesia Tbk (BBRI) experienced a strengthening of up to 25.23%, PT Bumi Serpong Damai Tbk (BSDE) up 18.97%, PT Wijaya Karya Tbk (LANGUAGE) 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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