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Indonesia Market Today 22 November 2018

  • Regular
  • Asian Market
  • 4 months ago
  • 66

A. Indonesia Morning Market Review
Thursday (22/11/2018). DJIA unable to rise after fall sharply for 2 days (-948 points) and fall of nickel price and tin amid reboundnya crude prices, coal, gold and EIDO make we estimate JCI is likely to rebound (limited) today.


B. Indonesia Corporate Update
1. PT Delta Dunia Makmur (DOID)
Per October 2018 the company print volume growth stripping layer cover for 13,15% year-on-year (YoY) be 323,6 million BCM. Until the end of 2018, the company's target volume ob reach 375 million-425 million BCM, up from the previous year 340,2 million BCM. Thus, in the period January-October 2018 the company has realize 76,14% -86,29% of the target a full year. In terms of production, the company to realize the 4,6 million tons of October 2018. in the first 10 months 2018, volume production achieve 34,9 million tons, up 2,95% YoY from previous 33,9 million tons.

2. PT Barito Pacific (BRPT)
The company's ready to pay off debt of US $ 250m through the loan US $ 200m and internal cash US $ 50 million. The company to step restructuring with ask loans of US $ 200m to the Barclays Bank PLC and DBS Bank Ltd. on November 15, 2018, brpt signed facility agreement with the Barclays Bank PLC and DBS Bank Ltd. second creditors agree providing a loan of US $ 175 million in addition to US $ 25m. Reason company pay credit debt is because the facility agreement Barclays Bank PLC and DBS Bank Ltd. give interest better.

3. PT Indo Straits (PTIS)
The company has been obtained contract hire boat company by a coal mining company located in South Kalimantan. Term contract hire ship minimum for 60 days from the date of November 19, 2018 and can be extended to deal both sides. Value minimum total contract hire boat company for Rp 3.6 billion.


C. Market Statistics
DJIA -0.95 -0.00% 24464
NASDAQ +63.43 + 0.92% 6972
GOLD +5.9 + 0.48% 1228
OIL +1.4 + 2.63% 54.63
COAL (Nov / Newcastle) + 0.15 + 0.15% 102.45
COAL (Nov / Rotterdam) -0.25 -0.28% 87.8
NICKEL -69 -0.54% 11022.5
TIN -100 -0.52% 19280
CPO (Nov) +20 + 1.01% 2006
EIDO +0.47 + 1.99% 24.03
US 10yr +0,013 + 0.43% 3,061
INDO 10yr -0.0207 -0.25% 8.2070
INDO CDS -5.28 -3.38% 150,785
TLK 54.2 (3957)
IDR (Spot) 14603
IDR (Investing, 22/11/18 / Fut, 05.15) 14585

IDX Range. : 5,911 - 6,002
USD / IDR Range: 14,565 - 14,640


D. Stock Picks
1. BBCA
52Week Price Range: 20350 - 25475
Monthly RLine: 26534 - 25367 - 24509
Monthly PP: 23342
Monthly SLine: 22484 - 21317 - 20459
Summary: STRONG BUY

2. ASII
Daily Price Range: 8400 - 8550
Daily RLine: 8791 - 8683 - 8616
Daily PP: 8508
Daily SLine: 8441 - 8333 - 8266
Summary: STRONG BUY

3. TLKM
Daily Price Range: 3930 - 4050
Daily RLine: 4324 - 4217 - 4134
Daily PP: 4027
Daily SLine: 3944 - 3837 - 3754
Summary: STRONG BUY

4. ICBP
Daily Price Range: 8650 - 8800
Daily RLine: 8916 - 8858 - 8816
Daily PP: 8758
Daily SLine: 8716 - 8658 - 8616
Summary: STRONG BUY

Smart Trend Team (GR)

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