NCKL:IDXPT Trimegah Bangun Persada Tbk Analysis

PT Trimegah Bangun Persada is trading at IDR 855, well below its 20‑day (1009.75), 50‑day (1112.6) and 200‑day (1143.38) moving averages, indicating a pronounced bearish technical backdrop. However, the RSI of 31.7 suggests the stock is oversold, while the MACD remains in a bearish zone with a negative histogram, and volume is on an increasing trend, hinting at potential short‑term accumulation. Fundamentally the company shines: revenue grew 9.7% YoY, margins are robust (gross 31.6%, operating 29.2%, profit 27.5%), and ROE stands at a healthy 25.3%. The valuation is attractive with a trailing PE of 6.75, a DCF‑derived fair value of IDR 970.7 and an implied upside of over 85% versus the current price. Dividend sustainability looks solid, given a 3.55% yield, a modest payout ratio of 24% and strong cash flow generation. The main headwinds are the high leverage (debt‑to‑equity ~23.7) and elevated volatility (64% 30‑day), which temper the bullish outlook despite a consensus strong‑buy rating and target prices near IDR 1,550‑1,580.