| No | Saham | Perusahaan | Harga | Kenaikan |
|---|---|---|---|---|
| 1 | PT. Saranacentral Bajatama Tbk. | Rp 194 | 34.72% | |
| 2 | PT. Trisula Textile Industries Tbk. | Rp 74 | 34.55% | |
| 3 | PT. Mitra Komunikasi Nusantara Tbk. | Rp 32 | 33.33% | |
| 4 | PT. Trimegah Karya Pratama Tbk. | Rp 208 | 32.48% | |
| 5 | PT. MNC Sky Vision Tbk. | Rp 34 | 25.93% |
| No | Saham | Perusahaan | Harga | Penurunan |
|---|---|---|---|---|
| 1 | PT. Cakra Buana Resources Energi Tbk. | Rp 398 | 9.95% | |
| 2 | PT. Hassana Boga Sejahtera Tbk. | Rp 56 | 9.68% | |
| 3 | PT. Leyand International Tbk. | Rp 40 | 9.09% | |
| 4 | PT. Logisticsplus International Tbk. | Rp 31 | 8.82% | |
| 5 | PT. Triniti Dinamik Tbk. | Rp 22 | 8.33% |
| No | Saham | Volume Hari Ini | Rata-Rata Volume 5 Hari Sebelumnya | Volume Spike (x) | Harga |
|---|---|---|---|---|---|
| 1 | 27,980,100 | 932,780 | 30.00x | 86 ( 10.26 % ) | |
| 2 | 44,529,100 | 1,563,140 | 28.49x | 109 ( 17.20 % ) | |
| 3 | 2,918,600 | 238,960 | 12.21x | 264 ( 3.13 % ) | |
| 4 | 18,009,600 | 1,893,660 | 9.51x | 30 ( 11.11 % ) | |
| 5 | 535,132,800 | 71,849,940 | 7.45x | 208 ( 32.48 % ) |
| No | Saham | Perusahaan | Naik | Harga | Win Rate |
|---|---|---|---|---|---|
| 1 | PT. Prodia Widyahusada Tbk. | 18 Hari | 3,650 (-1.35%) | 60.00 % | |
| 2 | PT. Astra International Tbk. | 17 Hari | 4,930 (0.61%) | 56.67 % | |
| 3 | PT. Indo Tambangraya Megah Tbk. | 17 Hari | 24,300 (1.67%) | 56.67 % | |
| 4 | PT. Selamat Sempurna Tbk. | 17 Hari | 1,640 (2.82%) | 56.67 % | |
| 5 | PT. Semen Indonesia (Persero) Tbk. | 17 Hari | 1,370 (2.24%) | 56.67 % |
| No | Saham | Perusahaan | Harga Awal | Harga Akhir | Profit |
|---|---|---|---|---|---|
| 1 | PT. Mitra Komunikasi Nusantara Tbk. | 1 | 32 | 3100.00 % | |
| 2 | PT. Bank Of India Indonesia Tbk. | 1,485 | 8,375 | 463.97 % | |
| 3 | PT. Bhineka Inovasi Ketahanan Energi Tbk. | 1,210 | 5,150 | 325.62 % | |
| 4 | PT. Cipta Selera Murni Tbk. | 202 | 515 | 154.95 % | |
| 5 | PT. Guna Timur Raya Tbk. | 2,580 | 6,025 | 133.53 % |
| No | Saham | Perusahaan | Value (Rp) | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. Bank Central Asia Tbk. | Rp 846,41 M | Rp 5.125 ( 3.96% ) | |
| 2 | PT. Bank Rakyat Indonesia (Persero) Tbk. | Rp 678,67 M | Rp 2.710 ( 0.74% ) | |
| 3 | PT. Bank Mandiri (Persero) Tbk. | Rp 458,34 M | Rp 3.610 ( 0.28% ) | |
| 4 | PT. ANTAM (Persero) Tbk. | Rp 404,84 M | Rp 2.720 ( 4.62% ) | |
| 5 | PT. Telkom Indonesia (Persero) Tbk. | Rp 342,61 M | Rp 1.990 ( 5.57% ) |
| No | Saham | Perusahaan | Volume (lot) | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. Bumi Resources Tbk. | 26,00 M lot | Rp 118 ( 1.72% ) | |
| 2 | PT. GoTo Gojek Tokopedia Tbk. | 19,40 M lot | Rp 24 ( 0.00% ) | |
| 3 | PT. Bukit Uluwatu Villa Tbk. | 7,80 M lot | Rp 258 ( 3.73% ) | |
| 4 | PT. Darma Henwa Tbk | 6,28 M lot | Rp 230 ( 4.55% ) | |
| 5 | PT. DMS Propertindo Tbk. | 5,95 M lot | Rp 60 ( 6.25% ) |
| No | Saham | Perusahaan | Frekuensi | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. Trimegah Karya Pratama Tbk. | 39,5K | Rp 208 ( 32.48% ) | |
| 2 | PT. Bank Central Asia Tbk. | 35,1K | Rp 5.125 ( 3.96% ) | |
| 3 | PT. Bumi Resources Tbk. | 33,9K | Rp 118 ( 1.72% ) | |
| 4 | PT. Bank Rakyat Indonesia (Persero) Tbk. | 33,5K | Rp 2.710 ( 0.74% ) | |
| 5 | PT. Bukit Uluwatu Villa Tbk. | 29,2K | Rp 258 ( 3.73% ) |
| No | Saham | Perusahaan | Asing Net Buy (lot) | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. Bakrie & Brothers Tbk | +1,16 jt lot | Rp 40 ( 2.56% ) | |
| 2 | PT. Bukit Uluwatu Villa Tbk. | +1,05 jt lot | Rp 258 ( 3.73% ) | |
| 3 | PT. DMS Propertindo Tbk. | +1,02 jt lot | Rp 60 ( 6.25% ) | |
| 4 | PT. Darma Henwa Tbk | +902,5 rb lot | Rp 230 ( 4.55% ) | |
| 5 | PT. Bumi Resources Minerals Tbk. | +615,6 rb lot | Rp 328 ( 6.49% ) |
| No | Saham | Perusahaan | Total Buy | Total Sell | Net Buy |
|---|---|---|---|---|---|
| 1 | PT. Darma Henwa Tbk | 40,73 jt lot | 36,10 jt lot | +4,63 jt lot | |
| 2 | PT. Bakrie & Brothers Tbk | 46,11 jt lot | 41,64 jt lot | +4,48 jt lot | |
| 3 | PT. Pakuwon Jati Tbk. | 11,86 jt lot | 7,41 jt lot | +4,45 jt lot | |
| 4 | PT. Bumi Resources Minerals Tbk. | 31,33 jt lot | 27,20 jt lot | +4,12 jt lot | |
| 5 | PT. DMS Propertindo Tbk. | 18,33 jt lot | 14,28 jt lot | +4,05 jt lot |
| No | Saham | Perusahaan | Asing Net Sell (lot) | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. GoTo Gojek Tokopedia Tbk. | -3,00 jt lot | Rp 24 ( 0.00% ) | |
| 2 | PT. Bumi Resources Tbk. | -792,0 rb lot | Rp 118 ( 1.72% ) | |
| 3 | PT. Bank Rakyat Indonesia (Persero) Tbk. | -644,4 rb lot | Rp 2.710 ( 0.74% ) | |
| 4 | PT. Hassana Boga Sejahtera Tbk. | -517,1 rb lot | Rp 56 ( 9.68% ) | |
| 5 | PT. Bank Mandiri (Persero) Tbk. | -365,2 rb lot | Rp 3.610 ( 0.28% ) |
| No | Saham | Perusahaan | Volume (lot) | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. MNC Tourism Indonesia Tbk. | 3,13 M lot | Rp 25 ( 4.17% ) | |
| 2 | PT. Bakrie Sumatera Plantations Tbk. | 2,48 M lot | Rp 248 ( 3.33% ) | |
| 3 | PT. Asri Karya Lestari Tbk. | 1,37 M lot | Rp 202 ( 6.48% ) | |
| 4 | PT. Global Mediacom Tbk. | 850,0 K lot | Rp 58 ( 1.69% ) | |
| 5 | PT. Era Media Sejahtera Tbk. | 601,0 K lot | Rp 196 ( 5.38% ) | |
| No | Saham | Perusahaan | Nominal (Rp) | Harga (G/L) |
|---|---|---|---|---|
| 1 | PT. Abadi Lestari Indonesia Tbk. | Rp 119,24 M | Rp 2.180 ( 3.11% ) | |
| 2 | PT. MSIG Life Insurance Indonesia Tbk. | Rp 114,83 M | Rp 9.450 ( 0.27% ) | |
| 3 | PT. Sinarmas Multiartha Tbk. | Rp 111,45 M | Rp 20.700 ( 0.24% ) | |
| 4 | PT. Astra International Tbk. | Rp 58,46 M | Rp 4.930 ( 0.61% ) | |
| 5 | PT. Bakrie Sumatera Plantations Tbk. | Rp 56,00 M | Rp 248 ( 3.33% ) | |
Menimbang Ketidakpastian: Valuasi dengan Risk Adjusted Discounted Cash Flow (DCF)
Setiap investor yang pernah membangun model Discounted Cash Flow (DCF) mengetahui satu kelemahan besarnya: hasilnya sangat sensitif terhadap asumsi. Ubah tingkat diskonto (discount rate) 1% saja, nilai perusahaan bisa berubah 10-20%. Ubah asumsi pertumbuhan terminal 1%, nilai bisa melompat 15-30%. DCF standar seolah-olah mengasumsikan bahwa masa depan adalah sesuatu yang pasti—padahal kenyataannya penuh ketidakpastian. Di sinilah Risk Adjusted DCF berperan. Ini adalah pendekatan valuasi yang secara eksplisit memasukkan berbagai tingkat risiko ke dalam model, baik melalui penyesuaian arus kas (certainty equivalent) maupun melalui penyesuaian tingkat diskonto (risk-adjusted discount rate). Hasilnya adalah rentang nilai (bukan satu angka) yang mencerminkan berbagai skenario masa depan—dari yang paling optimis hingga yang paling pesimis. Artikel ini akan membahas secara mendalam tentang metode Risk Adjusted DCF, bagaimana membangunnya, interpretasi hasil, serta...