Indonesia Kendaraan Terminal Tbk.

Kinerja Toko Kelontong Rakyat Jelata Full Year 2025

(Terlampir Isi Portofolio)

Start: Rp. 103.405.359,-

Net Top up (WD) : Rp. 10.000.000,-

Net Profit (Loss) : Rp. 52.138.748,-

End: Rp. 165.544.107,-

Performance (NAV) : +40,62% vs IHSG YTD +22,13%

CAGR Since January 2023: +29,2%

Teguh Hidayat Concentrated Portfolio: +29,0%

Masih ada tabungan dividen $BMRI dan $IPCC buat bekal Januari nanti.

Terima kasih atas semua doa dan dukungan teman-teman sehingga memungkinkan pencapaian yang baik ini! Mohon maaf apabila ada kesalahan dari saya selama berinteraksi di @Stockbit ini!!

Selamat kepada teman-teman yang meraih hasil bagus di tahun 2025 ini! Yang belum, jangan berkecil hati karena investing always be a long-term game.

Mudah-mudahan di tahun 2026 nanti perjalanan investasi kita semua akan lebih baik dan menyenangkan!!!

Happy Holiday!!!

$TOTL

$MSTI saham paling lucu nan menghibur untuk menutup tahun ini. 2 hari terakhir diiris tipis-tipis sampai sempat masuk top losers tapi closing-nya gap up. capital gain kalau ditambah sama dividen-nya udah double digit dalam kurang dari 3 pekan hari bukanya bursa

Kebalikannya $IPCC yang diangkat tipis-tipis tapi closing-nya gap down (tapi saya selalu pasang serokan otomatis di stockbit, terima kasih stockbit atas fitur-fitur otomatis yang kaya)

Overall, apapun sektornya, sepanjang tahun ini saya sangat happy sama SEMUA saham di porto yang telah membuktikan bahwa opini, "saham cash cow royal dividen tidak bisa grow," itu salah. Justru mereka inilah yang mampu bertumbuh secara agresif TANPA utang

$IPCC ijin pamit.. nunggu kabar insentif lanjutan
gazz masuk adiknya $IPCM terkait kapal2an 😁

$IPCC
saya pamit juga dari sini bang
mau pindah ke $WIDI

$IPCC & $CDIA lawan arah dari ihsg tetap optimis badai pasti berlalu di penutupan bursa 2025, bersyukur selalu, masih bisa invest buat jangka panjang, karena masa depan sungguh ada, dan harapanmu tidak akan hilang

$IPCC salah satu saham paling sakti

belum dilirik oleh "smart money", market maker-nya adalah buyback dari manajemennya sendiri. dulu $IPCM dan $IPCC juga pernah kaya gini sebelum dilirik sama salah satu influencer

dulu TAPG juga kaya gini sebelum engkong TP rachmat nambah muatan, $TOTL juga pernah kaya gini sebelum engkong jajang suka trading

$SMDR

ayo terusss, belum mau TP. 😁
hrg saat ini, msh sangat murah dari pesaingnya $IPCC $TMAS

*Dominant their current market and face only limited competitive pressures.

*Operate in markets with high barriers to entry and/or scale (i.e. Industries that are hard for competitors to enter at all or feature significant barriers to generating material initial growth).

*Participate in industries in which the longer-term addressable market is almost certainly much larger than the current market.

*Feature a set of positive feedback loops that cause the company’s products or services to improve more rapidly than their current or future competitors are likely to be able to achieve.

Tolong kasih contoh emiten apa yang memenuhi karakteristik di atas!

Random tag

$CASS $TOTL $IPCC

ANALISA SAHAM IPCC

Harga $IPCC Sekarang: Rp 1.410

Zona Area Beli Aman:
Rp 1.350 – 1.390
• Area support kuat, cocok untuk entry aman jika harga pullback ke zona ini, Boss

Zona Stoploss:
< Rp 1.310

Jika naik & breakout:
> Rp 1.450 → ENTRY LANJUTAN (tambah posisi)

Target Profit:
• TP1 = Rp 1.480
• TP2 = Rp 1.520 – 1.560

Keterangan Tambahan:
• Selama harga bertahan di atas 1.350, tren swing masih sehat, Boss

Analisa saya boleh bantu, tapi keputusan tetap milik Boss.

Ayo REQUEST SAHAM di kolom komentar seperti
$DOOH $ISAT
,Nanti Kami Buatkan Flowchart Keputusan biar analisa makin gampang!

Support like agar terus update!!!

Follow untuk ikuti flowchart keputusan saham trend

Kalau postingan ini bermanfaat, boleh banget kasih tip lewat tombol bergambar 💲 di bawah ya. Terima kasih banyak 🙏

$IPCC turun dulu ke 1200 wait and see efek insentif mobil listrik mau distop 2026

$IPCC dngn diberhentikannya insentif mobil listrik apakah kinerja dan harga saham ipcc akan rontok ya suhu2?

$BBCA $BUMI

nambah lancar aja usaha $IPCC

Pada tahun 1987, fisikawan Denmark Per Bak bersama Chao Tang dan Kurt Wiesenfeld melakukan percobaan gundukan pasir (sandpile experiment). Ini adalah sebuah eksperimen pemikiran dan model komputasi seluler sederhana yang mendemonstrasikan konsep self-organized criticality (kritikalitas terorganisir mandiri). Tujuan utama dari eksperimen ini adalah untuk menjelaskan bagaimana sistem yang kompleks dapat secara alami berevolusi ke kondisi kritis di mana peristiwa kecil dapat memicu konsekuensi yang sangat besar (seperti longsoran salju atau gempa bumi).

Eksperimen ini dapat dijelaskan dengan cara berikut:
*Penambahan Pasir: Butiran pasir dijatuhkan secara perlahan dan stabil ke atas piringan datar, membentuk gundukan pasir.
*Pembentukan Lereng Kritis: Gundukan pasir terus tumbuh hingga mencapai kemiringan kritis tertentu.
*Longsoran (Avalanches): Setelah kemiringan kritis tercapai, penambahan satu butir pasir lagi dapat menyebabkan butiran tersebut menggelinding ke bawah, atau bahkan memicu longsoran (avalanche) pasir yang lebih besar. Pasir akan tumpah dari tepi piringan.
*Keseimbangan Dinamis: Sistem ini mencapai kondisi keseimbangan di mana kemiringan gundukan dipertahankan secara kasar pada nilai kritisnya, meskipun pasir terus ditambahkan dan tumpah.

Hasil kunci dari percobaan Bak bukanlah longsoran itu sendiri, melainkan distribusi ukurannya. Tidak seperti sistem yang diatur secara manual, di mana peristiwa besar jarang terjadi dan peristiwa kecil sering terjadi secara teratur, dalam model Bak:
*Longsoran kecil sering terjadi, tetapi longsoran yang sangat besar juga mungkin terjadi kapan saja secara tidak terduga.
*Tidak ada "ukuran longsoran yang khas"; ukuran peristiwa mengikuti distribusi hukum pangkat (power-law distribution).
*Sistem ini mencapai keadaan kritisnya sendiri tanpa perlu penyesuaian eksternal yang cermat, itulah sebabnya disebut "terorganisir mandiri" (self-organized).

Konsep ini kemudian diperluas oleh Per Bak untuk menjelaskan fenomena kompleks lainnya di alam, seperti gempa bumi, kebakaran hutan, pasar keuangan, kemacetan lalu lintas, dan bahkan aktivitas otak.

Apa kaitannya dengan pasar saham? Silahkan baca di gambar.

Intinya adalah volatilitas pasar dan penurunan yang signifikan tidak akan dapat dihindari dan tidak dapat diprediksi. Ini berarti seseorang seharusnya tidak mencoba untuk "timing the market”. Sebaliknya, fokusnya harus pada pembangunan portofolio yang tangguh dan risk management yang baik.

By accepting that large, unpredictable market events are an intrinsic part of the system, investors can shift their focus from PREDICTION to PREPARATION, building a resilient portfolio designed to withstand a wide range of market conditions.

$TOTL $CASS $IPCC

$IPCC saham yang bikin kita tidur nyenyak dan gak bikin jantungan cocok buat yg nunggu dividen 2 kali setahunnya

$IPCC saham dg PUNDA dan MENTAL yang baik..

Setuju kak, kesabaran adalah koentji... $IPCC

hidup adalah pilihan buat invest jangka panjang tidak lekang oleh waktu $IPCC bersyukur bisa dapat dividen 2x setahun naik turun jalani dengan ucapan syukur badai pasti berlalu, karena masa depan sungguh ada, dan harapanmu tidak akan hilang

$IPCC

teknikal ketahan di atas garis ema dan terus berlanjut, tinggal tunggu momentum meledak nya aja, big accum selama ke tahan di atas garis ema. perusahaan sehat laba QoQ dan YoY nya naik lumayan tinggi, baru bagi dividen kemaren dan gada bantingan berarti cukup kuat.

ENTRY = 1395 - 1410
TP 1 = 1450 (+3,26%)
TP 2 = 1495 (+6,43%)
TP 3 = 1550 (+10,49%)
TP BONUS = 1650 (+18,28)
StopLoss = 1365 (-2,15%)

$NISP



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1️⃣ Apa yang membaik dari Agustus ke Oktober?

a. Laba & core profitability jelas membaik

Laba bersih YTD

Agustus: Rp3,44 T

Oktober: Rp4,28 T
➜ Tambahan ~Rp840 miliar dalam 2 bulan, akselerasi laba sehat.


Pendapatan bunga bersih (NII)

Agustus: Rp7,25 T

Oktober: Rp9,02 T
➜ Naik +24%, indikasi:

Loan yield membaik atau

Asset produktif tumbuh dengan kualitas oke.




---

b. Kredit tumbuh, kualitas relatif terjaga

Kredit diberikan

Agustus: Rp155,7 T

Oktober: Rp158,1 T (+1,5%)


Cadangan kerugian (CKPN)

Agustus: Rp8,07 T

Oktober: Rp7,75 T (turun)



➡️ Coverage membaik, karena:

Kredit naik

CKPN nominal justru turun


Ini sinyal tidak ada tekanan kualitas kredit jangka pendek.


---

c. Beban impairment turun drastis (ini poin penting)

Beban penurunan nilai aset keuangan (impairment)

Agustus: Rp158 miliar

Oktober: Rp18 miliar



➡️ Ini perbaikan signifikan, artinya:

Tidak ada lonjakan NPL baru

Banyak kredit yang tidak perlu tambahan pencadangan



---

d. Fee based income ikut naik

Komisi / provisi / fee:

Agustus: Rp689 miliar

Oktober: Rp893 miliar



➡️ Ini bagus karena:

Lebih stabil

Tidak terlalu sensitif ke siklus kredit



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2️⃣ Efisiensi: membaik atau tidak?

Di sini jawabannya campuran (mixed).

❌ Yang kurang baik

Beban tenaga kerja

Agustus: Rp2,37 T

Oktober: Rp2,95 T (+24%)


Beban lainnya

Agustus: Rp1,67 T

Oktober: Rp2,22 T



➡️ OPEX naik cukup agresif.

✅ Yang menolong

Pendapatan naik lebih cepat daripada biaya

Operating profit tetap naik:

Agustus: Rp4,33 T

Oktober: Rp5,43 T



➡️ Jadi cost-to-income kemungkinan relatif stabil, belum alarm.


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3️⃣ Apakah ada potensi penurunan laba ke depan karena pencadangan?

Jawaban singkat:

Risiko ada, tapi saat ini belum terlihat sinyal kuat.

Kenapa belum mengkhawatirkan?

1. CKPN total justru turun


2. Impairment bulanan sangat kecil di Oktober


3. Tidak terlihat lonjakan aset non produktif

Aset non produktif turun dari Rp1,22 T → Rp1,13 T



4. Agunan yang diambil alih (AYDA) turun



➡️ Ini bukan pola bank yang sedang “menunda” pencadangan.


---

Namun, potensi risiko ke depan tetap ada jika:

Ekonomi melambat tajam (terutama segmen korporasi/SME)

Suku bunga tinggi bertahan lama → tekanan debitur

Kredit tumbuh lebih agresif di Q4 tanpa seleksi ketat


📌 Tapi sampai Oktober:

> OCBC terlihat konservatif, bukan agresif berlebihan.




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4️⃣ Kesimpulan ringkas (investment-oriented)

Aspek Penilaian

Profitability ✅ Membaik jelas
Kualitas kredit ✅ Stabil
Pencadangan ✅ Aman sejauh ini
Efisiensi ⚠️ Biaya naik, tapi masih tertutup
Risiko laba ke depan ⚠️ Ada, tapi belum imminent

$INCO $IPCC

$NCKL $IPCC $BMRI

- Net Income bertumbuh disaat harga komoditas nikel masih rendah
- ⁠Valuasi masih cukup murah dengan kinerja sebagus ini
- ⁠Kas nya baik dan cukup tebal
- ⁠Target harga di 1.450 dirasa masih sangat mungkin

bersyukur masih simpan $IPCC buat pasive income dividen 2x setahun serta tahan sisa ipo agar tetap $CUAN, ditengah ambruknya ihsg hari ini tetap optimis, karena masa depan sungguh ada, dan harapanmu tidak akan hilang

What Seth Klarman said about Top-down and Bottom-Up Approach

There are three central elements to a value-investment philosophy.
1. Value investing is a bottom-up strategy entailing the identification of specific undervalued investment opportunities.
2. Value investing is absolute-performance-, not relative performance oriented.
3. Value investing is a risk-averse approach; attention is paid as much to what can go wrong (risk) as to what can go right (return).

In the discussion of institutional investing, it was noted that a great many professional investors employ a top-down approach. This involves making a prediction about the future, ascertaining its investment implications, and then acting upon them. This approach is difficult and risky, being vulnerable to error at every step.

Practitioners need to accurately forecast macroeconomic conditions and then correctly interpret their impact on various sectors of the overall economy, on particular industries, and finally on specific companies. As if that were not complicated enough, it is also essential for top-down investors to perform this exercise quickly as well as accurately, or others may get there first and, through their buying or selling, cause prices to reflect the forecast macroeconomic developments, thereby eliminating the profit potential for latecomers.

By way of example, a top-down investor must be correct on the big picture (e.g., are we entering an unprecedented era of world peace and stability?), correct in drawing conclusions from that (e.g., is German reunification bullish or bearish for German interest rates and the value of the deutsche mark), correct in applying those conclusions to attractive areas of investment (e.g., buy German bonds, buy the stocks of U.S. companies with multinational presence), correct in the specific securities purchased (e.g., buy the ten-year German government bond, buy Coca-Cola), and, finally, be early in buying these securities.

The top-down investor thus faces the daunting task of predicting the unpredictable more accurately and faster than thousands of other bright people, all of them trying to do the same thing. It is not clear whether top-down investing is a greater fool game, in which you win only when someone else overpays, or a greater-genius game, winnable at best only by those few who regularly possess superior insight. In either case, it is not an attractive game for risk-averse investors.

There is no margin of safety in top-down investing. Top-down investors are not buying based on value; they are buying based on a concept, theme, or trend. There is no definable limit to the price they should pay, since value is not part of their purchase decision. It is not even clear whether top-down-oriented buyers are investors or speculators. If they buy shares in businesses that they truly believe will do well in the future, they are investing. If they buy what they believe others will soon be buying, they may actually be speculating.

Another difficulty with a top-down approach is gauging the level of expectations already reflected in a company’s current share price. If you expect a business to grow 10 percent a year based on your top-down forecast and buy its stock betting on that growth, you could lose money if the market price reflects investor expectations of 15 percent growth but a lower rate is achieved.

The expectations of others must therefore be considered as part of any top-down investment decision. By contrast, value investing employs a bottom-up strategy by which individual investment opportunities are identified one at a time through fundamental analysis. Value investors search for bargains security by security, analyzing each situation on its own merits. An investor’s top-down views are considered only insofar as they affect the valuation of securities.

Paradoxically a bottom-up strategy is in many ways simpler to implement than a top-down one. While a top-down investor must make several accurate predictions in a row, a bottom-up investor is not in the forecasting business at all. The entire strategy can be concisely described as “buy a bargain and wait.”

Investors must learn to assess value in order to know a bargain when they see one. Then they must exhibit the patience and discipline to wait until a bargain emerges from their searches and buy it, regardless of the prevailing direction of the market or their own views about the economy at large.

One significant and not necessarily obvious difference between a bottom-up and top-down strategy is the reason for maintaining cash balances at times. Bottom-up investors hold cash when they are unable to find attractive investment opportunities and put cash to work when such opportunities appear.

A bottom-up investor chooses to be fully invested only when a diversified portfolio of attractive investments is available. Top-down investors, by contrast, may attempt to time the market, something bottom-up investors do not do. Market timing involves making a judgment about the overall market direction; when top-down investors believe the market will decline, they sell stocks to hold cash, awaiting a more bullish opinion.

Another difference between the two approaches is that bottom-up investors are able to identify simply and precisely what they are betting on. The uncertainties they face are limited: what is the underlying business worth; will that underlying value endure until shareholders can benefit from its realization; what is the likelihood that the gap between price and value will narrow; and, given the current market price, what is the potential risk and reward?

Bottom-up investors can easily determine when the original reason for making an investment ceases to be valid. When the underlying value changes, when management reveals itself to be incompetent or corrupt, or when the price appreciates to more fully reflect underlying business value, a disciplined investor can reevaluate the situation and, if appropriate, sell the investment. Huge sums have been lost by investors who have held on to securities after the reason for owning them is no longer valid. In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.

Top-down investors, by contrast, may find it difficult to know when their bet is no longer valid. If you invest based on a judgment that interest rates will decline but they rise instead, how and when do you decide that you were wrong? Your bet may eventually prove correct, but then again it may not. Unlike judgments about value that can easily be reaffirmed, the possible grounds for reversing an investment decision that was made based upon a top-down prediction of the future are simply not clear.

$CITA $IPCC $MDLA

Masih permulaan $NCKL
Dejavu $IPCC dan $ANJT 🤗

gk lama lagi ini,,
2 Minggu paling lama otw 2000.
$IPCC
aman Pak..
ditunggu kabar baiknya.

@ruuul Ok siap bang, cuma hati2 aja jangan sampe terbawa hype nya kenaikan $IPCC , krn dgn sahamnya udah naik tinggi pasti bakalan hype & spekulator banyak yg fomo

$IPCC $IPCM
bentar lagi bagi bagi dividen...

@ruuul Kata gw, harga udah naik tinggi banget dari awal tahun & udah waktunya take profit. Kalo mau beli $IPCC bagusnya dibawah 1000, harga wajarnya (versi gw) segitu

@todopluto kata siapa $IPCC kemahalan?!?

@CaesarioTheGreat $IPCC & $IPCM juga udah ketinggian naiknya, beli sekarang = beli di pucuk.