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Indonesia Market Today 25 October 2018

  • Regular
  • Asian Market
  • 3 weeks ago
  • 29

A. Indonesia Morning Market Review
Thursday (10/25/2018). DJIA's sharp fall -2.41%, the lowest since the beginning of the year so DJIA YTD fell -0.91% in response to disappointing IT issuers' financial performance and sharp EIDO -4.04% fall at the lowest level for almost two years with Nickel -1.43% falling, CPO -0.81% amid Estimates of the Rupiah's Collapse on the US Dollar are selling factors in the JCI trading on Thursday.


B. Indonesia Corporate News
1. PT Jasa Marga (JSMR)
Jasa Marga posted a net profit of 6.88% YoY in the III / 2018 quarter. Jasa Marga toll and other business revenues of Rp.7.13 trillion in the III / 2018 quarter. That number rose 5.13% from the same position in the previous period of IDR 6.78 trillion. The construction income of the JSMR is 24.34% on an annual basis in the III / 2018 quarter. This income rose from Rp16.28 trillion to Rp20.25 trillion. Thus, the total revenue pocketed was Rp27.38 trillion in September 2018, up 18.69% YoY.

2. PT Bank Rakyat Indonesia (BBRI)
The company scored a net profit of Rp. 23.5 trillion until the third quarter of 2018. This net profit rose 14.6% yoy compared to the same period last year of Rp 20.5 trillion. But BBI recorded a decrease in net interest margin or NIM in the third quarter of 2018 by 70 bps to 7.61%. The decline in the NIM was accompanied by a decrease in the cost of funds to the level of 3.41% compared to 3.47% in the same period last year. BRI's loan disbursement until the third quarter of 2018 was Rp. 808.9 trillion, up 16.5% yoy compared to the same period in 2017 of Rp. 694.2 trillion.

3. PT Bank Danamon Indonesia (BDMN)
The company in the third quarter of 2018 recorded a net profit of Rp 3.03 trillion or stagnant YoY. One of the causes of stagnant profits is the cleaning and collection of Danamon Simpan Pinjam (DSP) microcredit with a total portfolio of Rp 3.5 trillion at the end of September 2018. Bank Danamon's net interest income grew slightly by 2% yoy to Rp 10.82 trillion. On the other hand, operating income also only grew 1% to IDR 13.26 trillion at the end of September.

4. PT Vale Indonesia (INCO)
The company made a profit of US $ 55.21 million until the period ended September 30, 2018 after recording a loss of US $ 19.62 million in the same period the previous year. Revenues increased to US $ 579.59 million from revenues of US $ 448.70 million and the cost of revenue increased to US $ 483.14 million from the cost of US $ 459.18 million the previous year. Operating profit was US $ 80.36 million after recording an operating loss of US $ 22.95 million the previous year and profit before tax was US $ 75.08 million after recording a pre-tax loss of US $ 28.98 million the previous year.

5. PT Adira Dinamika Multifinance (ADMF)
The company posted revenues of IDR 7.51 trillion until the September 30, 2018 period increased + 11.4% from the revenue of IDR 6.74 trillion in the same period the previous year. The profit that can be distributed to the owner of the parent entity is IDR 1.35 trillion, up + 23.85% from the profit that can be distributed to the owner of the parent entity until September of the previous year which was IDR 1.09 trillion.


C. Market Statistics
DJIA -608 -2.41% 24583
NASDAQ -329.1 -4.43% 7108
GOLD +3.3 + 0.27% 1237.4
OIL -0.09 -0.13% 66.34
COAL (Oct / Newcastle) No Data 109.5
COAL (Oct / Rotterdam) Data No 100.4
NICKEL -177.5 -1.43% 12212.5
TIN +62.5 + 0.32% 19320
CPO (Oct) -18 -0.81% 2200
EIDO -0.88 -4.43 20.88
US 10yr -0,042 -1.33% 3,124
INDO 10yr -0.0757 -0.86% 8.7782
INDO CDS -0.01 -0.01% 153.33
TLK 46.76 (3553)
IDR (Spot) 15197
IDR (Investing, 25/10/18 / Fut, 5:00) 15275

IDX Range. : 5,608 - 5,737
USD / IDR Range: 15,170 - 15,280


A. Stock Picks
1. BBCA
52Week Price Range: 20200 - 25475
Monthly RLine: 26634 - 25917 - 25034
Monthly PP: 24317
Monthly SLine: 23434 - 22717 - 21834
Summary: STRONG BUY

2. PGAS
Daily Price Range: 2240 - 2400
Daily RLine: 2560 - 2463 - 2406
Daily PP: 2363
Daily SLine: 2306 - 2263 - 2206
Summary: STRONG BUY

3. GGRM
Daily Price Range: 75300 - 76000
Daily RLine: 80200 - 79600 - 78800
Daily PP: 78200
Daily SLine: 77400 - 76800 - 76000
Summary: BUY