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PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

1. AALI Astra Agro Lestari Tbk. 0.671 0.781 2. ACES Ace Hardware Indonesia Tbk. 1.164
1.
AALI
Astra Agro Lestari Tbk.
0.671
0.781
2.
ACES
Ace Hardware Indonesia Tbk.
1.164
1.109
3.
ACST
Acset Indonusa Tbk.
0.944
0.963
4.
ADES
Akasha Wira International Tbk.
0.888
0.925
5.
ADHI
Adhi Karya (Persero) Tbk.
1.980
1.654
6.
ADMF
Adira Dinamika Multi Finance Tbk.
1.130
1.087
7.
ADMG
Polychem Indonesia Tbk.
1.384
1.256
8.
ADRO
Adaro Energy Tbk.
2.437
1.958
9.
AGRO
Bank Rakyat Indonesia Agroniaga Tbk.
2.481
1.987
10.
AGRS
Bank Agris Tbk.
1.314
1.209
11.
AHAP
Asuransi Harta Aman Pratama Tbk.
0.434
0.622
12.
AIMS
Akbar Indo Makmur Stimec Tbk.
0.813
0.876
13.
AKPI
Argha Karya Prima Industry Tbk.
0.292
0.528
14.
AKRA
AKR Corporindo Tbk.
1.538
1.359
15.
ALDO
Alkindo Naratama Tbk.
0.190
0.460
16.
ALKA
Alakasa Industrindo Tbk.
1.229
1.152
17.
ALMI
Alumindo Light Metal Industry Tbk.
0.509
0.673
18.
AMFG
Asahimas Flat Glass Tbk.
0.403
0.602
19.
AMIN
Ateliers Mecaniques D Indonesie Tbk.
0.073
0.382
20.
ANJT
Austindo Nusantara Jaya Tbk.
0.168
0.446
21.
ANTM
Aneka Tambang (Persero) Tbk.
1.896
1.597
22.
APII
Arita Prima Indonesia Tbk.
1.020
1.013
23.
APLI
Asiaplast Industries Tbk.
0.846
0.898
24.
APLN
Agung Podomoro Land Tbk.
1.694
1.463
25.
ARII
Atlas Resources Tbk.
0.262
0.508
26.
ARNA
Arwana Citramulia Tbk.
0.570
0.713
27.
ARTA
Arthavest Tbk.
2.487
1.991
28.
ARTO
Bank Artos Indonesia Tbk.
0.627
0.751
29.
ASBI
Asuransi Bintang Tbk.
1.137
1.091
30.
ASGR
Astra Graphia Tbk.
0.128
0.418
31.
ASII
Astra International Tbk.
1.280
1.187
32.
ASJT
Asuransi Jasa Tania Tbk.
0.075
0.384
33.
ASMI
Asuransi Mitra Maparya Tbk.
0.677
0.784
34.
ASRI
Alam Sutera Realty Tbk.
1.763
1.508
35.
ASSA
Adi Sarana Armada Tbk.
1.867
1.578
36.
AUTO
Astra Otoparts Tbk.
1.060
1.040
37.
BABP
Bank MNC Internasional Tbk.
0.612
0.741
38.
BAJA
Saranacentral Bajatama Tbk.
0.497
0.665
39.
BALI
Bali Towerindo Sentra Tbk.
0.221
0.480
40.
BAPA
Bekasi Asri Pemula Tbk.
0.451
0.634

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

41. BATA Sepatu Bata Tbk. 0.086 0.391 42. BBCA Bank Central Asia Tbk. 0.994 0.996
41.
BATA
Sepatu Bata Tbk.
0.086
0.391
42.
BBCA
Bank Central Asia Tbk.
0.994
0.996
43.
BBHI
Bank Harda Internasional Tbk.
0.781
0.854
44.
BBKP
Bank Bukopin Tbk.
1.388
1.259
45.
BBMD
Bank Mestika Dharma Tbk.
0.110
0.406
46.
BBNI
Bank Negara Indonesia (Persero) Tbk.
1.518
1.345
47.
BBNP
Bank Nusantara Parahyangan Tbk.
0.087
0.391
48.
BBRI
Bank Rakyat Indonesia (Persero) Tbk.
1.516
1.344
49.
BBRM
Pelayaran Nasional Bina Buana Raya Tbk.
0.333
0.555
50.
BBTN
Bank Tabungan Negara (Persero) Tbk.
1.731
1.487
51.
BBYB
Bank Yudha Bhakti Tbk.
1.037
1.025
52.
BCAP
MNC Kapital Indonesia Tbk.
0.122
0.415
53.
BCIP
Bumi Citra Permai Tbk.
1.748
1.499
54.
BDMN
Bank Danamon Indonesia Tbk.
1.390
1.260
55.
BEKS
Bank Pundi Indonesia Tbk.
2.304
1.869
56.
BEST
Bekasi Fajar Industrial Estate Tbk.
2.602
2.068
57.
BFIN
BFI Finance Indonesia Tbk.
0.618
0.745
58.
BHIT
MNC Investama Tbk.
1.047
1.031
59.
BIKA
Binakarya Jaya Abadi Tbk.
0.060
0.373
60.
BIMA
Primarindo Asia Infrastructure Tbk.
0.015
0.343
61.
BINA
Bank Ina Perdana Tbk.
2.754
2.170
62.
BIPI
Benakat Petroleum Energy Tbk.
1.039
1.026
63.
BIPP
Bhuwanatala Indah Permai Tbk.
0.695
0.797
64.
BIRD
Blue Bird Tbk.
0.656
0.770
65.
BISI
BISI International Tbk.
0.556
0.704
66.
BJBR
Bank Pembangunan Daerah Jawa Barat dan Bante
1.168
1.112
67.
BJTM
Bank Pembangunan Daerah Jawa Timur Tbk.
1.436
1.291
68.
BKDP
Bukit Darmo Property Tbk.
0.977
0.985
69.
BKSL
Sentul City Tbk.
1.743
1.496
70.
BKSW
Bank QNB Indonesia Tbk.
0.206
0.471
71.
BMAS
Bank Maspion Indonesia Tbk.
0.122
0.414
72.
BMRI
Bank Mandiri (Persero) Tbk.
1.476
1.318
73.
BMTR
Global Mediacom Tbk.
1.790
1.526
74.
BNBA
Bank Bumi Arta Tbk.
0.738
0.825
75.
BNBR
Bakrie & Brothers Tbk.
0.758
0.838
76.
BNGA
Bank CIMB Niaga Tbk.
3.611
2.741
77.
BNII
Bank Maybank Indonesia Tbk.
2.648
2.099
78.
BNLI
Bank Permata Tbk.
1.883
1.589
79.
BOLT
Garuda Metalindo Tbk.
0.167
0.445
80.
BPFI
Batavia Prosperindo Finance Tbk.
1.249
1.166

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

81. BPII Batavia Prosperindo Internasional Tbk. 0.028 0.352 82. BRAM Indo Kordsa Tbk. 0.946 0.964
81.
BPII
Batavia Prosperindo Internasional Tbk.
0.028
0.352
82.
BRAM
Indo Kordsa Tbk.
0.946
0.964
83.
BRMS
Bumi Resources Minerals Tbk.
1.293
1.196
84.
BRNA
Berlina Tbk.
0.458
0.639
85.
BRPT
Barito Pacific Tbk.
1.543
1.362
86.
BSDE
Bumi Serpong Damai Tbk.
1.578
1.385
87.
BSIM
Bank Sinarmas Tbk.
1.103
1.068
88.
BSSR
Baramulti Suksessarana Tbk.
1.105
1.070
89.
BTEK
Bumi Teknokultura Unggul Tbk.
0.627
0.751
90.
BTEL
Bakrie Telecom Tbk.
0.000
0.333
91.
BTON
Betonjaya Manunggal Tbk.
0.617
0.744
92.
BTPN
Bank Tabungan Pensiunan Nasional Tbk.
0.487
0.658
93.
BUDI
Budi Starch & Sweetener Tbk.
1.174
1.116
94.
BUKK
Bukaka Teknik Utama Tbk.
0.697
0.798
95.
BULL
Buana Listya Tama Tbk.
1.623
1.416
96.
BUMI
Bumi Resources Tbk.
1.004
1.003
97.
BUVA
Bukit Uluwatu Villa Tbk.
0.854
0.903
98.
BVIC
Bank Victoria International Tbk.
0.539
0.692
99.
BWPT
Eagle High Plantations Tbk.
1.240
1.160
100.
BYAN
Bayan Resources Tbk.
0.360
0.574
101.
CASS
Cardig Aero Services Tbk.
0.131
0.421
102.
CEKA
Wilmar Cahaya Indonesia Tbk.
1.274
1.183
103.
CENT
Centrin Online Tbk.
0.075
0.384
104.
CFIN
Clipan Finance Indonesia Tbk.
0.700
0.800
105.
CINT
Chitose Internasional Tbk.
0.265
0.510
106.
CLPI
Colorpak Indonesia Tbk.
0.721
0.814
107.
CMNP
Citra Marga Nusaphala Persada Tbk.
0.624
0.750
108.
CMPP
Rimau Multi Putra Pratama Tbk.
1.653
1.435
109.
COWL
Cowell Development Tbk.
0.805
0.870
110.
CPIN
Charoen Pokphand Indonesia Tbk.
1.584
1.389
111.
CPRO
Central Proteinaprima Tbk.
0.256
0.504
112.
CTBN
Citra Tubindo Tbk.
0.107
0.404
113.
CTRA
Ciputra Development Tbk.
1.660
1.440
114.
CTTH
Citatah Tbk.
0.019
0.346
115.
DART
Duta Anggada Realty Tbk.
0.737
0.825
116.
DEWA
Darma Henwa Tbk.
0.380
0.587
117.
DGIK
Nusa Konstruksi Enjiniring Tbk.
0.987
0.991
118.
DILD
Intiland Development Tbk.
0.569
0.713
119.
DKFT
Central Omega Resources Tbk.
1.154
1.103
120.
DMAS
Puradelta Lestari Tbk.
2.063
1.709

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

121. DNET Dyviacom Intrabumi Tbk. 0.029 0.353 122. DOID Delta Dunia Makmur Tbk. 2.878 2.252
121.
DNET
Dyviacom Intrabumi Tbk.
0.029
0.353
122.
DOID
Delta Dunia Makmur Tbk.
2.878
2.252
123.
DPNS
Duta Pertiwi Nusantara Tbk.
0.153
0.435
124.
DPUM
Dua Putra Utama Makmur Tbk.
0.737
0.825
125.
DSFI
Dharma Samudera Fishing Industries Tbk.
1.375
1.250
126.
DUTI
Duta Pertiwi Tbk.
0.159
0.439
127.
DVLA
Darya-Varia Laboratoria Tbk.
3.744
2.829
128.
DYAN
Dyandra Media International Tbk.
0.317
0.545
129.
ECII
Electronic City Indonesia Tbk.
0.122
0.415
130.
EKAD
Ekadharma International Tbk.
0.805
0.870
131.
ELSA
Elnusa Tbk.
1.127
1.085
132.
ELTY
Bakrieland Development Tbk.
0.023
0.349
133.
EMDE
Megapolitan Developments Tbk.
0.390
0.593
134.
EMTK
Elang Mahkota Teknologi Tbk.
0.382
0.588
135.
ENRG
Energi Mega Persada Tbk.
3.000
2.333
136.
EPMT
Enseval Putera Megatrading Tbk.
0.379
0.586
137.
ERAA
Erajaya Swasembada Tbk.
0.254
0.503
138.
ERTX
Eratex Djaja Tbk.
0.331
0.554
139.
ESSA
Surya Esa Perkasa Tbk.
2.373
1.915
140.
ESTI
Ever Shine Tex Tbk.
0.712
0.808
141.
EXCL
XL Axiata Tbk.
1.518
1.345
142.
FAST
Fast Food Indonesia Tbk.
0.106
0.404
143.
FMII
Fortune Mate Indonesia Tbk.
0.818
0.878
144.
FORU
Fortune Indonesia Tbk.
1.114
1.076
145.
FPNI
Lotte Chemical Titan Tbk.
3.909
2.939
146.
FREN
Smartfren Telecom Tbk.
0.530
0.687
147.
GAMA
Gading Development Tbk.
0.043
0.362
148.
GDYR
Goodyear Indonesia Tbk.
0.963
0.975
149.
GEMA
Gema Grahasarana Tbk.
0.409
0.606
150.
GGRM
Gudang Garam Tbk.
0.724
0.816
151.
GIAA
Garuda Indonesia (Persero) Tbk.
1.394
1.263
152.
GJTL
Gajah Tunggal Tbk.
2.609
2.072
153.
GLOB
Global Teleshop Tbk.
1.408
1.272
154.
GOLD
Golden Retailindo Tbk.
0.027
0.351
155.
GOLL
Golden Plantation Tbk.
0.239
0.493
156.
GPRA
Perdana Gapuraprima Tbk.
0.554
0.703
157.
GSMF
Equity Development Investment Tbk.
0.096
0.397
158.
GTBO
Garda Tujuh Buana Tbk.
1.877
1.584
159.
GWSA
Greenwood Sejahtera Tbk.
0.321
0.547
160.
GZCO
Gozco Plantations Tbk.
1.262
1.175

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

161. HDFA HD Finance Tbk. 0.623 0.749 162. HERO Hero Supermarket Tbk. 0.034 0.356 163.
161.
HDFA
HD Finance Tbk.
0.623
0.749
162.
HERO
Hero Supermarket Tbk.
0.034
0.356
163.
HEXA
Hexindo Adiperkasa Tbk.
0.882
0.922
164.
HITS
Humpuss Intermoda Transportasi Tbk.
0.030
0.353
165.
HMSP
H.M. Sampoerna Tbk.
1.041
1.027
166.
HOME
Hotel Mandarine Regency Tbk.
1.621
1.414
167.
HOTL
Saraswati Griya Lestari Tbk.
0.553
0.702
168.
HRUM
Harum Energy Tbk.
3.034
2.356
169.
IBFN
Intan Baruprana Finance Tbk.
0.494
0.663
170.
IBST
Inti Bangun Sejahtera Tbk.
0.460
0.640
171.
ICBP
Indofood CBP Sukses Makmur Tbk.
0.392
0.595
172.
ICON
Island Concepts Indonesia Tbk.
0.838
0.892
173.
IDPR
Indonesia Pondasi Raya Tbk.
0.254
0.503
174.
IGAR
Champion Pacific Indonesia Tbk.
1.704
1.470
175.
IIKP
Inti Agri Resources Tbk.
0.849
0.900
176.
IKAI
Intikeramik Alamasri Industri Tbk.
1.338
1.225
177.
IKBI
Sumi Indo Kabel Tbk.
0.768
0.846
178.
IMJS
Indomobil Multi Jasa Tbk.
0.832
0.888
179.
IMPC
Impack Pratama Industri Tbk.
0.131
0.421
180.
INAF
Indofarma Tbk.
0.548
0.699
181.
INAI
Indal Aluminium Industry Tbk.
0.282
0.521
182.
INCF
Amstelco Indonesia Tbk
0.450
0.633
183.
INCO
Vale Indonesia Tbk.
2.053
1.702
184.
INDF
Indofood Sukses Makmur Tbk.
1.216
1.144
185.
INDS
Indospring Tbk.
1.150
1.100
186.
INDX
Tanah Laut Tbk.
0.796
0.864
187.
INDY
Indika Energy Tbk.
1.130
1.086
188.
INKP
Indah Kiat Pulp & Paper Tbk.
1.427
1.284
189.
INPC
Bank Artha Graha Internasional Tbk.
0.776
0.851
190.
INPP
Indonesian Paradise Property Tbk.
0.654
0.770
191.
INRU
Toba Pulp Lestari Tbk.
2.123
1.749
192.
INTA
Intraco Penta Tbk.
0.322
0.548
193.
INTD
Inter Delta Tbk.
0.440
0.627
194.
INTP
Indocement Tunggal Prakasa Tbk.
1.679
1.452
195.
IPOL
Indopoly Swakarsa Industry Tbk.
0.720
0.814
196.
ISAT
Indosat Tbk.
2.001
1.667
197.
ISSP
Steel Pipe Industry of Indonesia Tbk.
1.454
1.303
198.
ITMA
Sumber Energi Andalan Tbk.
0.604
0.736
199.
ITMG
Indo Tambangraya Megah Tbk.
2.461
1.974
200.
JAWA
Jaya Agra Wattie Tbk.
0.388
0.592

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

201. JECC Jembo Cable Company Tbk. 0.044 0.363 202. JIHD Jakarta International Hotels & Development
201.
JECC
Jembo Cable Company Tbk.
0.044
0.363
202.
JIHD
Jakarta International Hotels & Development Tbk.
0.054
0.370
203.
JKSW
Jakarta Kyoei Steel Works Tbk.
0.500
0.667
204.
JPFA
Japfa Comfeed Indonesia Tbk.
1.750
1.500
205.
JRPT
Jaya Real Property Tbk.
0.286
0.524
206.
JSMR
Jasa Marga (Persero) Tbk.
1.276
1.184
207.
JTPE
Jasuindo Tiga Perkasa Tbk.
0.228
0.485
208.
KAEF
Kimia Farma Tbk.
0.899
0.933
209.
KARW
ICTSI Jasa Prima Tbk.
2.889
2.259
210.
KBLI
KMI Wire & Cable Tbk.
2.122
1.748
211.
KBLM
Kabelindo Murni Tbk.
1.495
1.330
212.
KBLV
First Media Tbk.
1.112
1.074
213.
KBRI
Kertas Basuki Rachmat Indonesia Tbk.
0.007
0.338
214.
KDSI
Kedawung Setia Industrial Tbk.
0.246
0.497
215.
KIJA
Kawasan Industri Jababeka Tbk.
0.886
0.924
216.
KINO
Kino Indonesia Tbk.
0.660
0.773
217.
KKGI
Resource Alam Indonesia Tbk.
1.682
1.455
218.
KLBF
Kalbe Farma Tbk.
1.463
1.309
219.
KOIN
Kokoh Inti Arebama Tbk.
0.547
0.698
220.
KONI
Perdana Bangun Pusaka Tbk.
2.826
2.218
221.
KOPI
Mitra Energi Persada Tbk.
0.261
0.507
222.
KPIG
MNC Land Tbk.
0.588
0.726
223.
KRAH
Grand Kartech Tbk.
0.143
0.429
224.
KRAS
Krakatau Steel (Persero) Tbk.
1.272
1.181
225.
LAPD
Leyand International Tbk.
0.001
0.334
226.
LEAD
Logindo Samudramakmur Tbk.
1.813
1.542
227.
LINK
Link Net Tbk.
0.685
0.790
228.
LION
Lion Metal Works Tbk.
0.189
0.459
229.
LMSH
Lionmesh Prima Tbk.
0.797
0.865
230.
LPCK
Lippo Cikarang Tbk.
2.144
1.763
231.
LPKR
Lippo Karawaci Tbk.
1.415
1.277
232.
LPLI
Star Pacific Tbk.
1.133
1.089
233.
LPPF
Matahari Department Store Tbk.
1.563
1.376
234.
LPPS
Lippo Securities Tbk.
0.999
0.999
235.
LRNA
Eka Sari Lorena Transport Tbk.
0.479
0.653
236.
LSIP
PP London Sumatra Indonesia Tbk.
0.845
0.897
237.
LTLS
Lautan Luas Tbk.
1.413
1.275
238.
MAGP
Multi Agro Gemilang Plantation Tbk.
0.006
0.337
239.
MAIN
Malindo Feedmill Tbk.
1.499
1.332
240.
MAMI
Mas Murni Indonesia Tbk.
1.238
1.158

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

241. MAPI Mitra Adiperkasa Tbk. 1.024 1.016 242. MBAP Mitrabara Adiperdana Tbk. 0.436 0.624 243.
241.
MAPI
Mitra Adiperkasa Tbk.
1.024
1.016
242.
MBAP
Mitrabara Adiperdana Tbk.
0.436
0.624
243.
MBSS
Mitrabahtera Segara Sejati Tbk.
2.525
2.017
244.
MBTO
Martina Berto Tbk.
0.702
0.802
245.
MCOR
Bank Windu Kentjana International Tbk.
1.097
1.064
246.
MDIA
Intermedia Capital Tbk.
0.122
0.415
247.
MDKA
Merdeka Copper Gold Tbk.
0.149
0.433
248.
MDLN
Modernland Realty Ltd. Tbk.
0.888
0.925
249.
MDRN
Modern Internasional Tbk.
0.932
0.954
250.
MEDC
Medco Energi International Tbk.
2.366
1.910
251.
MERK
Merck Tbk.
0.577
0.718
252.
META
Nusantara Infrastructure Tbk.
0.459
0.639
253.
MFIN
Mandala Multifinance Tbk.
0.736
0.824
254.
MGNA
Magna Finance Tbk.
0.086
0.391
255.
MICE
Multi Indocitra Tbk.
0.478
0.652
256.
MIDI
Midi Utama Indonesia Tbk.
0.324
0.549
257.
MIKA
Mitra Keluarga Karyasehat Tbk.
0.667
0.778
258.
MKNT
Mitra Komunikasi Nusantara Tbk.
0.262
0.508
259.
MKPI
Metropolitan Kentjana Tbk.
0.556
0.704
260.
MLPL
Multipolar Tbk.
2.425
1.950
261.
MMLP
Mega Manunggal Property Tbk.
0.097
0.398
262.
MNCN
Media Nusantara Citra Tbk.
1.644
1.429
263.
MPMX
Mitra Pinasthika Mustika Tbk.
0.462
0.641
264.
MPPA
Matahari Putra Prima Tbk.
2.572
2.048
265.
MRAT
Mustika Ratu Tbk.
0.376
0.584
266.
MTDL
Metrodata Electronics Tbk.
0.192
0.461
267.
MTLA
Metropolitan Land Tbk.
0.306
0.537
268.
MTRA
Mitra Pemuda Tbk.
0.872
0.914
269.
MTSM
Metro Realty Tbk.
1.055
1.037
270.
MYOH
Samindo Resources Tbk.
0.871
0.914
271.
MYRX
Hanson International Tbk.
0.241
0.494
272.
MYTX
Apac Citra Centertex Tbk.
1.179
1.119
273.
NAGA
Bank Mitraniaga Tbk.
1.957
1.638
274.
NELY
Pelayaran Nelly Dwi Putri Tbk.
1.071
1.048
275.
NIKL
Pelat Timah Nusantara Tbk.
0.346
0.564
276.
NIPS
Nipress Tbk.
0.659
0.773
277.
NIRO
Nirvana Development Tbk.
0.641
0.761
278.
NISP
Bank OCBC NISP Tbk.
0.283
0.522
279.
NRCA
Nusa Raya Cipta Tbk.
0.838
0.892
280.
OKAS
Ancora Indonesia Resources Tbk.
0.788
0.859

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

281. OMRE Indonesia Prima Property Tbk. 3.882 2.921 282. PADI Minna Padi Investama Tbk. 0.365
281.
OMRE
Indonesia Prima Property Tbk.
3.882
2.921
282.
PADI
Minna Padi Investama Tbk.
0.365
0.577
283.
PALM
Provident Agro Tbk.
0.477
0.651
284.
PANR
Panorama Sentrawisata Tbk.
0.402
0.601
285.
PANS
Panin Sekuritas Tbk.
0.946
0.964
286.
PBRX
Pan Brothers Tbk.
0.443
0.628
287.
PDES
Destinasi Tirta Nusantara Tbk.
0.748
0.832
288.
PGAS
PT Perusahaan Gas Negara Tbk.
2.662
2.108
289.
PJAA
Pembangunan Jaya Ancol Tbk.
0.166
0.444
290.
PNBN
Bank Pan Indonesia Tbk.
1.727
1.485
291.
PNBS
Bank Panin Syariah Tbk.
1.080
1.054
292.
PNIN
Panin Insurance Tbk.
1.271
1.181
293.
PNLF
Panin Financial Tbk.
1.193
1.129
294.
POOL
Pool Advista Indonesia Tbk.
1.244
1.163
295.
PPRO
PP Properti Tbk.
2.198
1.798
296.
PRAS
Prima Alloy Steel Universal Tbk.
0.247
0.498
297.
PSAB
J Resources Asia Pasifik Tbk.
1.515
1.344
298.
PTBA
Tambang Batubara Bukit Asam (Persero) Tbk.
2.152
1.768
299.
PTIS
Indo Straits Tbk.
0.185
0.457
300.
PTPP
PP (Persero) Tbk.
2.431
1.954
301.
PTRO
Petrosea Tbk.
1.994
1.663
302.
PTSN
Sat Nusapersada Tbk.
2.085
1.723
303.
PUDP
Pudjiadi Prestige Tbk.
0.005
0.337
304.
PWON
Pakuwon Jati Tbk.
1.560
1.373
305.
PYFA
Pyridam Farma Tbk.
0.029
0.353
306.
RAJA
Rukun Raharja Tbk.
0.829
0.886
307.
RALS
Ramayana Lestari Sentosa Tbk.
1.157
1.105
308.
RANC
Supra Boga Lestari Tbk.
0.602
0.735
309.
RELI
Reliance Securities Tbk.
0.049
0.366
310.
RICY
Ricky Putra Globalindo Tbk.
0.111
0.407
311.
RIGS
Rig Tenders Indonesia Tbk.
1.955
1.637
312.
RIMO
Rimo International Lestari Tbk.
0.246
0.498
313.
RMBA
Bentoel Internasional Investama Tbk.
0.022
0.348
314.
ROTI
Nippon Indosari Corpindo Tbk.
0.532
0.688
315.
RUIS
Radiant Utama Interinsco Tbk.
0.007
0.338
316.
SAFE
Steady Safe Tbk.
0.738
0.825
317.
SCCO
Supreme Cable Manufacturing & Commerce Tbk.
0.688
0.792
318.
SCMA
Surya Citra Media Tbk.
0.877
0.918
319.
SDMU
Sidomulyo Selaras Tbk.
1.755
1.503
320.
SDPC
Millennium Pharmacon International Tbk.
0.904
0.936

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

321. SDRA Bank Woori Saudara Indonesia 1906 Tbk. 0.410 0.607 322. SGRO Sampoerna Agro Tbk.
321.
SDRA
Bank Woori Saudara Indonesia 1906 Tbk.
0.410
0.607
322.
SGRO
Sampoerna Agro Tbk.
0.075
0.383
323.
SIDO
Industri Jamu dan Farmasi Sido Muncul Tbk.
0.425
0.617
324.
SILO
Siloam International Hospitals Tbk.
0.782
0.855
325.
SIMA
Siwani Makmur Tbk.
2.983
2.322
326.
SIMP
Salim Ivomas Pratama Tbk.
0.794
0.863
327.
SIPD
Sierad Produce Tbk.
1.630
1.420
328.
SKBM
Sekar Bumi Tbk.
0.382
0.588
329.
SKLT
Sekar Laut Tbk.
0.378
0.585
330.
SKYB
Skybee Tbk.
0.361
0.574
331.
SMAR
Smart Tbk.
0.344
0.563
332.
SMBR
Semen Baturaja (Persero) Tbk.
1.466
1.310
333.
SMCB
Holcim Indonesia Tbk.
0.759
0.839
334.
SMDM
Suryamas Dutamakmur Tbk.
0.752
0.834
335.
SMDR
Samudera Indonesia Tbk.
2.468
1.978
336.
SMGR
Semen Indonesia (Persero) Tbk.
1.875
1.583
337.
SMMT
Golden Eagle Energy Tbk.
0.475
0.650
338.
SMRA
Summarecon Agung Tbk.
2.452
1.968
339.
SMSM
Selamat Sempurna Tbk.
0.360
0.574
340.
SOCI
Soechi Lines Tbk.
2.333
1.889
341.
SPMA
Suparma Tbk.
0.705
0.804
342.
SQMI
Renuka Coalindo Tbk.
1.004
1.002
343.
SRAJ
Sejahteraraya Anugrahjaya Tbk.
0.185
0.457
344.
SRIL
Sri Rejeki Isman Tbk.
0.398
0.599
345.
SRSN
Indo Acidatama Tbk.
0.320
0.547
346.
SRTG
Saratoga Investama Sedaya Tbk.
0.570
0.713
347.
SSIA
Surya Semesta Internusa Tbk.
1.570
1.380
348.
SSMS
Sawit Sumbermas Sarana Tbk.
0.530
0.687
349.
STAR
Star Petrochem Tbk.
1.339
1.226
350.
STTP
Siantar Top Tbk.
0.214
0.476
351.
SULI
SLJ Global Tbk.
3.368
2.579
352.
SUPR
Solusi Tunas Pratama Tbk.
0.203
0.469
353.
TALF
Tunas Alfin Tbk.
0.602
0.735
354.
TARA
Sitara Propertindo Tbk.
0.377
0.585
355.
TBIG
Tower Bersama Infrastructure Tbk.
0.950
0.967
356.
TBLA
Tunas Baru Lampung Tbk.
1.218
1.145
357.
TBMS
Tembaga Mulia Semanan Tbk.
1.798
1.532
358.
TELE
Tiphone Mobile Indonesia Tbk.
0.595
0.730
359.
TFCO
Tifico Fiber Indonesia Tbk.
0.856
0.904
360.
TGKA
Tigaraksa Satria Tbk.
0.495
0.663

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

361. TIFA Tifa Finance Tbk. 0.515 0.677 362. TINS Timah (Persero) Tbk. 2.185 1.790 363.
361.
TIFA
Tifa Finance Tbk.
0.515
0.677
362.
TINS
Timah (Persero) Tbk.
2.185
1.790
363.
TIRA
Tira Austenite Tbk.
0.439
0.626
364.
TIRT
Tirta Mahakam Resources Tbk.
1.379
1.252
365.
TKIM
Pabrik Kertas Tjiwi Kimia Tbk.
0.396
0.597
366.
TLKM
Telekomunikasi Indonesia (Persero) Tbk.
0.622
0.748
367.
TMAS
Pelayaran Tempuran Emas Tbk.
0.209
0.473
368.
TMPO
Tempo Intimedia Tbk.
0.990
0.993
369.
TOBA
Toba Bara Sejahtra Tbk.
0.127
0.418
370.
TOTL
Total Bangun Persada Tbk.
1.009
1.006
371.
TOTO
Surya Toto Indonesia Tbk.
0.163
0.442
372.
TOWR
Sarana Menara Nusantara Tbk.
0.841
0.894
373.
TPIA
Chandra Asri Petrochemical Tbk.
0.714
0.809
374.
TPMA
Trans Power Marine Tbk.
0.521
0.681
375.
TRAM
Trada Maritime Tbk.
1.475
1.317
376.
TRIL
Triwira Insanlestari Tbk.
0.299
0.532
377.
TRIM
Trimegah Securities Tbk.
0.599
0.733
378.
TRIO
Trikomsel Oke Tbk.
0.702
0.801
379.
TRIS
Trisula International Tbk.
0.270
0.513
380.
TRST
Trias Sentosa Tbk.
0.036
0.357
381.
TRUS
Trust Finance Indonesia Tbk.
0.584
0.723
382.
TSPC
Tempo Scan Pacific Tbk.
0.658
0.772
383.
ULTJ
Ultra Jaya Milk Industry & Trading Company, Tbk.
0.231
0.487
384.
UNIT
Nusantara Inti Corpora Tbk.
0.533
0.689
385.
UNSP
Bakrie Sumatra Plantations Tbk.
0.546
0.697
386.
UNTR
United Tractors Tbk.
1.377
1.252
387.
UNVR
Unilever Indonesia Tbk.
0.822
0.881
388.
VICO
Victoria Investama Tbk.
0.091
0.394
389.
VINS
Victoria Insurance Tbk.
0.107
0.404
390.
VIVA
Visi Media Asia Tbk.
1.276
1.184
391.
VOKS
Voksel Electric Tbk.
0.647
0.765
392.
VRNA
Verena Multi Finance Tbk.
0.452
0.635
393.
WAPO
Wahana Pronatural Tbk.
0.093
0.396
394.
WEHA
WEHA Transportasi Indonesia Tbk.
0.409
0.606
395.
WICO
Wicaksana Overseas International Tbk.
0.052
0.368
396.
WIIM
Wismilak Inti Makmur Tbk.
1.385
1.257
397.
WIKA
Wijaya Karya (Persero) Tbk.
2.508
2.005
398.
WINS
Wintermar Offshore Marine Tbk.
0.567
0.711
399.
WOMF
Wahana Ottomitra Multiartha Tbk.
2.091
1.727
400.
WSKT
Waskita Karya (Persero) Tbk.
2.406
1.938

PEFINDO BETA STOCK

Edition: 16-March-2019

No.

TICKER

COMPANY

RAW BETA

ADJUSTED BETA

401. WTON

Wijaya Karya Beton Tbk.

1.797

1.531

402. YULE

Yulie Sekurindo Tbk.

0.346

0.564

Criteria and Calculation Methodology of PEFINDO Beta Stock

PEFINDO Beta Stock report was created for the purpose of providing additional information to capital market participants. For investors who use fundamental approach, PEFINDO Beta Stock report can be used as one of the source in calculating the fair value of stocks according to the definitions of Capital Asset Pricing Model (CAPM). For those who use technical approach, information on the PEFINDO Beta Stock report may provide additional information of stocks’ systematic risk compared with the Jakarta Composite Index (JCI).

risk compared with the Jakarta Composite Index (JCI). The value of Beta in the PEFINDO Beta

The value of Beta in the PEFINDO Beta Stock report is determined by the following criterias and methodologies:

1. The stock has been listed and traded on the Indonesia Stock Exchange for at least 36 months.

2. The stock is not being suspended for the last 10 days.

3. The value of Raw Beta is not negative.

4. The value of Adjusted Beta is not greater than 3.

5. The interval observation is based the time series data over the last 3 years with a rolling return over the last 4 weeks on each Wednesday.

6. Steps on calculating the PEFINDO Beta Stock :

1. First is to calculate the rate of return on each stock and the market index every Wednesday, with 4 weeks of intervals. The formula for computing the rate of return is:

intervals. The formula for computing the rate of return is: Where: Rit = return of stock

Where:

Rit = return of stock i or market index at t period. Pit = stock price of i or market index at t period. Pit-1 = stock price of i or market index at t-1 period.

2. Perform a regression between stock price returns and market index returns for the period of 3 years, to measure the value of Raw Beta with the formula as follows:

measure the value of Raw Beta with the formula as follows: Where: β_i is a Raw

Where:

β_i is a Raw Beta for stock i. Rit is a return of stock i at period t. R_mt is a return of market index at period t. α_i is constanta. e_it is residual reggresion that expected to be white noise (mean of error is zero).

3. Calculate the Adjusted Beta to normalize the Raw Beta, in order to obtain a good characteristic of beta, which is closer to 1. The formula is as follows:

Raw Beta, in order to obtain a good characteristic of beta, which is closer to 1.

DISCLAIMER

The PEFINDO Beta Saham report issued by PEFINDO is not a recommendation to buy, sell or hold a particular stock, and cannot be considered as an investment advice of PEFINDO. Investors should obtain other comprehensive and adequate information to make investment decisions.

PEFINDO is not responsible for any errors or omissions arising from the use of this PEFINDO Beta Saham report. This report is not intended for particular investor and cannot be used as part of investment objective on particular shares and neither an investment recommendation on a particular stock and / or an investment strategy. Before taking action on the results of this report, investors are advised to first consider the suitable situation and condition. If needed, ask for help from a financial advisor.

The entire process of calculating PEFINDO Beta Saham is free from human intervention and influence and / or coercion from other parties. The entire calculation process of PEFINDO Beta Saham is done through a computer application that automatically calculates the value of stocks’ beta, based on the stock transaction data submitted by Indonesia Stock Exchange.

PEFINDO Beta Saham report is published on our website (www.pefindo.com).