Analisis Saham LPPF
Informasi Fundamental
With the highest EBITDA margin among the listed fashion retailers, LPPF continues to focus on expanding mono-brand/specialty stores and improving infrastructure for omni-channel initiatives. It is trading at 6.6x 2020F P/E, -1.2SD from its 3- year mean. The recent share price rally was predominantly based on market talk of a potential M&A deal. Nevertheless, the stock offers minimal downside risks from the current level, with a stable 2H19 performance anticipated.
OVS Kids and 361° specialty store openings to boost sales.So far in 2H19, Matahari Department Store has opened three mono-brand stores, two OVS Kids stores in Jakarta and one 361° store in Med an. Two OVS Kids are the pilot project for OVS’ mono-brand stores, while the 361° store in Medan is the sixth store, post positive sales feedback from the initial five stores in Jakarta and Surabaya. Its specialty stores span 100-150 sqm apiece.
Sumber Informasi : RHB (DR)
Informasi Teknis
Saham LPPF pada tanggal 10 Oktober 2019 ditutup melemah pada harga 3870, turun -1,27%. Hal ini disertai dengan penurunan volume, yaitu 66% dari hari sebelumnya. Proses akumulasi saham ini terlihat stabil.
Volatilitas saham ini berada pada area jenuh beli. Jika ditinjau dari trendnya, maka secara garis besar saham ini dalam keadaan Uptrend dan berpotensi Technical Correction.
Rekomendasi
HOLD, Buy IF Rebound
Support : 3700 - 3520
Resisten : 4320 - 5950
by Abduh
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