This document provides a summary of information on small cap stocks from PT. Mirae Asset Sekuritas Indonesia. It discusses the performance of three companies - PT. Andalan Sakti Primaindo Tbk (ASPI), PT. Sumber Global Energy Tbk (SGER), and PT. Superkrane Mitra Utama Tbk (SKRN). For each company, it provides details on their business operations, recent stock performance, and strategies to improve performance and sales. All three stocks saw significant increases in trading volume and price on August 1st, 2023. The document is intended for investment professionals and contains a disclaimer regarding the information presented.

1. This material is prepared by PT. Mirae Asset Sekuritas Indonesia for investment recommendation purpose, prohibited to be used as advertisement and distributed to the
investors. The information contained has been taken from sources which we deem reliable. No warranty is made to the accuracy and completeness of the information. However,
we disclaim any responsibility and liability of this material arising against legal issues regarding customers’ investment outcome in any situations.
Wednesday, 2nd August 2023
SMALL CAP STOCKS INFO
INVESTMENT INFORMATION – RESEARCH CENTER

2. 1 | Small Cap Stocks Info | 2/8/2023 Mirae Asset Sekuritas Indonesia
ASPI Rp 324 (+5.19%) : Tingkatkan penjualan Grandia Liv
Sector IDX Property (-0.76%)
Market cap IDR 220.91 B
Volume 19.24 M (+806%)
Support IDR 306
Resistance IDR 340
Stop loss IDR 304
Didirikan pada 13 November 2012, PT. Andalan Sakti Primaindo
Tbk (ASPI) merupakan perusahaan yang bergerak dalam
bidang real estat.
ASPI terus meningkatkan pemasaran sekaligus mempercepat
penjualan unit-unit propertinya, yakni Grandia Liv yang telah
diluncurkan sejak bulan Juni lalu. Hal tersrbut sekaligus
menandai aktivitas penjualan dua tipe unit rumah perdananya,
yaitu Elsa dan Mysa. Grandia Liv terletak di Kecamatan Parung
Panjang, Bogor, Jawa Barat. Grandia Liv memiliki rencana
pengembangan mencapai seluas 15 hektare merupakan
kawasan hunian berkonsep scandinavian. Estetika kawasan pun
tak terganggu oleh berbagai kabel yang menjuntai di udara
karena ASPI telah mengaplikasikan jaringan listrik bawah
tanah. ASPI memproyeksikan bahwa Grandia Liv mampu
menghasilkan marketing sales Rp 35 miliar pada 2023.
Manajemen ASPI optimis bisa bangkit setelah merugi sebesar
Rp 2,86 miliar pada tahun 2022.
Pada perdagangan Selasa, 1 Agustus 2023, ASPI ditutup pada
level harga Rp 324 (+5.19%) dengan kenaikan volume secara
signifikan sebesar 806% dibandingkan hari sebelumnya.
Net Buyers (value) Net Sellers (value)
AG (IDR 600.8 mn) IH (IDR 1.48 bn)
RG (IDR 572.6 mn) SA (IDR 444.8 mn)
AO (IDR 452.2 mn) CP (IDR 287.4 mn)
Income
Statement
Q1/2023 Growth
(YoY)
Revenue IDR 4.0 bn +233.3%
Net Income IDR 214.9 bn +299%

3. 2 | Small Cap Stocks Info | 2/8/2023 Mirae Asset Sekuritas Indonesia
SGER Rp 625 (+11.61%): Strategi tingkatkan kinerja
Sector IDX Energy (-1.17%)
Market cap IDR 2.57 T
Volume 19.47 M (+1332%)
Support IDR 595
Resistance IDR 670
Stop loss IDR 580
Didirikan pada 17 Maret 2008, PT. Sumber Global Energy Tbk
(SGER) merupakan perusahaan yang bergerak dalam bidang
perdagangan besar bahan bakar padat, cair, gas, energi
terbaru dan terbarukan serta pertambangan logam dan
mineral tanah jarang (rare earth).
SGER menyiapkan sejumlah strategi menggenjot kinerja di
tengah pelemahan harga batubara. Salah satunya adalah
memperluas penjualan batubara ke negara-negara baru. Di sisi
lain, SGER terus mencoba melakukan diversifikasi usaha ke
bidang lain, seperti perdagangan bijih (ore) nikel dan
komoditas lainnya, seperti penambangan limestone (batu
gamping), energi baru dan terbarukan (EBT) dan carbon
trading. Batu gamping merupakan salah satu komponen
penting dalam proses pemurnian nikel. Dalam hal
pengembangan EBT, SGER terus mengembangkan wood pellet,
sehingga emisi karbon yang dihasilkan jauh lebih rendah
dibandingkan batubara.
Pada perdagangan Selasa, 1 Agustus 2023, SGER ditutup pada
level harga Rp 625 (+11.61%) dengan kenaikan volume secara
signifikan sebesar 1332% dibandingkan hari sebelumnya.
Net Buyers (value) Net Sellers (value)
CC (IDR 661.6 mn) BR (IDR 437.4 mn)
BQ (IDR 311.8 mn) YP (IDR 197.5 mn)
CP (IDR 301.7 mn) MG (IDR 159.7 mn)
Income
Statement
Q1/2023 Growth
(YoY)
Revenue IDR 3.17 tn +253.2%
Net Income IDR 253.0 bn +338%

4. 3 | Small Cap Stocks Info | 2/8/2023 Mirae Asset Sekuritas Indonesia
SKRN Rp (+%) : Sejumlah strategi bisnis
Sector IDX Industrials (+0.89%)
Market cap IDR 3.79 T
Volume 34.07 M (+1414%)
Support IDR 650
Resistance IDR 720
Stop loss IDR 640
Didirikan pada 27 Maret 1996, PT. Superkrane Mitra Utama Tbk
(SKRN) merupakan perusahaan yang bergerak di bidang jasa
penyewaan crane termasuk operator, alat-alat berat /
fleets lainnya & dalam bidang jasa konstruksi.
SKRN menyiapkan sejumlah strategi bisnis demi meningkatkan
kinerja di sepanjang 2023. Pertama, SKRN terus menambah
dan meningkatkan peralatan demi memperkuat posisi pasar.
Kedua, SKRN terus mengembangkan strategi keberlanjutan
perusahaan dan meningkatkan standar keselamatan
operasional. Ketiga, SKRN terus memperluas pelayanan
pengangkatan dan konstruksi berat sebagai pilar
pertumbuhan. Keempat, SKRN meningkatkan efisiensi
operasional, logistik dan perawatan equipment dengan
strategi keberlanjutan perusahaan. Terakhir, SKRN
meningkatkan human resources skill untuk memberikan nilai
tambah kepada pelanggan.
Pada perdagangan Selasa, 1 Agustus 2023, SKRN ditutup pada
level harga Rp 505 (+7,44%) dengan kenaikan volume secara
signifikan sebesar 1414% dibandingkan hari sebelumnya.
Net Buyers (value) Net Sellers (value)
BR (IDR 670.3 mn) OD (IDR 937.2 mn)
CC (IDR 578.6 mn) CP (IDR 296.6 mn)
BK (IDR 391.9 mn) BQ (IDR 295.0 mn)
Income
Statement
Q1/2023 Growth
(YoY)
Revenue IDR 236.3 bn +68.1%
Net Income IDR 72.2 bn +66.4%

5. 4 | Small Cap Stocks Info | 2/8/2023 Mirae Asset Sekuritas Indonesia
Disclaimer
This report is published by Mirae Asset Sekuritas Indonesia, a broker-dealer registered in the Republic of Indonesia and
a member of the Indonesia Stock Exchange. Information and opinions contained herein have been compiled in good
faith and from sources believed to be reliable, but such information has not been independently verified and Mirae
Asset Sekuritas Indonesia makes no guarantee, representation or warranty, express or implied, as to the fairness,
accuracy, completeness or correctness of the information and opinions contained herein or of any translation into
English from the Indonesian language. In case of an English translation of a report prepared in the Indonesian
language, the original Indonesian language report may have been made available to investors in advance of this report.
The intended recipients of this report are sophisticated institutional investors who have substantial knowledge of the
local business environment, its common practices, laws and accounting principles and no person whose receipt or use
of this report would violate any laws and regulations or subject Mirae Asset Sekuritas Indonesia and its affiliates to
registration or licensing requirements in any jurisdiction shall receive or make any use hereof. This report is for
general information purposes only and it is not and shall not be construed as an offer or a solicitation of an offer
to effect transactions in any securities or other financial instruments. The report does not constitute investment
advice to any person and such person shall not be treated as a client of Mirae Asset Sekuritas Indonesia by virtue of
receiving this report. This report does not take into account the particular investment objectives, financial situations, or
needs of individual clients. The report is not to be relied upon in substitution for the exercise of independent judgment.
Information and opinions contained herein are as of the date hereof and are subject to change without notice. The price
and value of the investments referred to in this report and the income from them may depreciate or appreciate, and
investors may incur losses on investments. Past performance is not a guide to future performance. Future returns are
not guaranteed, and a loss of original capital may occur. Mirae Asset Sekuritas Indonesia, its affiliates and their
directors, officers, employees and agents do not accept any liability for any loss arising out of the use hereof. Mirae
Asset Sekuritas Indonesia may have issued other reports that are inconsistent with, and reach different conclusions
from, the opinions presented in this report. The reports may reflect different assumptions, views and analytical methods
of the analysts who prepared them. Mirae Asset Sekuritas Indonesia may make investment decisions that are
inconsistent with the opinions and views expressed in this research report. Mirae Asset Sekuritas Indonesia, its affiliates
and their directors, officers, employees and agents may have long or short positions in any of the subject securities at
any time and may make a purchase or sale, or offer to make a purchase or sale, of any such securities or other financial
instruments from time to time in the open market or otherwise, in each case either as principals or agents. Mirae Asset
Sekuritas Indonesia and its affiliates may have had, or may be expecting to enter into, business relationships with the
subject companies to provide investment banking, market-making or other financial services as are permitted under
applicable laws and regulations. No part of this document may be copied or reproduced in any manner or form or
redistributed or published, in whole or in part, without the prior written consent of Mirae Asset Sekuritas Indonesia.