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Indonesia Market Today - 8 May 2020

A. INDONESIA MORNING MARKET REVIEW
Friday (08/05/2020). After the holiday to celebrate Vesak, the combination of DJIA barely moving by -0.03% and falling commodity prices such as WTI Crude Oil by -7.65%, Tin -0.20% & CPO -2.49% become a negative factor for JCI in trading this Friday in the midst of not being seen yet there are signs of a decrease in alias the number of victims infected and killed by the Corona Virus in Indonesia is increasing in number thus raising the question whether the death toll in Indonesia will slowly equal the death toll in China? where the Corona Virus has infected 12,776 people (heading 13,000 people) with 930 killed, leading to 1,000 killed, (Fatality Rate of 7.3%).

On the other hand, positive factors came from the strengthening factor of EIDO by + 1.12%, Gold + 0.75%, Nickel + 2.12% & Coal by + 2.02% to be a breath of fresh air for investors to buy shares under the commodity today.

Knowing that the IHSG`s driving factors are quite varied, amid foreign investors who continue to record Net Sell where YTD has reached Rp -20 trillion and valuatively enough shares are very attractive to buy, we recommend very selective if investors want to do BOW or Swing Trade then they can focus on stocks from Infrastructure, Cigarettes, Nickel Metals, Coal, Banks, Pharmaceuticals and Construction in trading this Friday.


B. INDONESIA CORPORATE NEWS
1. PT PP Properti (PPRO)
The company recorded marketing sales revenue of Rp263 billion during the first quarter of 2020, which came from six property projects. The Gunung Putri Square project became the best marketing location in the I / 2020 quarter. Within a period of three months, the project had collected Rp36 billion or 13.68% of total marketing sales. The project is a simple flats (Rusunami) located in Bogor Regency. In addition, The Ayoma apartment project in Serpong contributed pre-sales of around Rp28 billion or 10.64%. The third largest contributor project is the Evencio apartment project in Depok, which reached Rp18 billion or 6.84%. The remaining Mazhoji Apartments are IDR 12 billion, The Alton Semarang is IDR 12 billion, Jababeka Apartments are IDR 16 billion and others are because they are small. This year the company is targeting marketing sales of IDR 2.5 trillion. Thus the achievement in the first quarter was around 10.52% of the total target.

2. PT Surya Semesta Internusa (SSIA)
The company posted a 7.17% increase in operating revenues to Rp 882 billion in the first quarter of 2019, compared to the same period in the previous year of Rp 823 billion. Despite an increase in revenue, the company still recorded a loss for the current period of Rp 5 billion, consisting of a pre-tax loss of Rp 4.4 billion and an income tax expense of Rp 1.1 billion.

3. PT Sampoerna Agro (SGRO)
Until the first quarter of 2020, the company posted sales of Rp 903.88 billion, up 19.36% compared to the same period in 2019, which amounted to Rp 757.25 billion. But until the first quarter of 2020 the company`s net profit fell 88.2% to Rp 423 million compared to the same period in 2019 to reach Rp 3.58 billion.

4. PT Sri Rejeki Isman (SRIL)
The company posted a net profit in 2019 of USD87.65 million, an increase of 3.66% compared to 2018 of USD84.55 million. Furthermore, the company recorded 2019 sales of USD1,181 billion, up 14.30% compared to the same period in 2018 of USD1,033 billion.

5. PT Superkrane Mitra Utama (SKRN)
Throughout the year 2019, the company recorded revenue growth of 21.7% yoy to Rp 682.37 billion. The increase in revenue caused the company`s net profit to increase by 117% yoy to Rp 137.43 billion at the end of 2019.

6. PT Gunung Raja Paksi (GGRP)
The company until the end of 2019 posted a loss of up to US $ 12.53 million. In fact, at the end of 2018 the company still booked a net profit of up to US $ 18.98 million. The decrease in net profit was caused by the decrease in net income. The company only booked net revenues of US $ 823.50 million last year, down 5% yoy. Sheet steel sales and derivatives are still the main contributors, worth US $ 480.43 million. While the remainder is the sale of steel bars and derivatives of US $ 343.07 million. As for sales made with cumulative revenues exceeding 10% of net sales, namely to PT Intisumber Bajasakti which amounted to 13.95% of total revenue.

 

C. MARKET STATISTICS
*(Data May 6 & 7, 2020)*
DJIA -8 -0.03% 23875
*NASDAQ +170 +1.93% 8979*
*GOLD +12.85 +0.75% 1727*
*OIL -1.94 -7.65% 23.40*
*COAL (June/Newcastle) +1.05 +2.02% 53.10*
*NICKEL +255 +2.12% 12285*
TIN -30 -0.20% 15180
*CPO (Jun`20) -50 -2.49% 1957*
*EIDO +0.18 +1.12% 16.17*
US 10yr -0.02 -3.01% 0.644
INDO 10yr +0.025 +0.3% 8.199
*INDO CDS (5yr) -2.667 -1.23% 213.247*
*TLK 42.56 (3209)*
IDR (Spot) 15,080
IDR (Investing, 08/05/20/Fut, 04.35) 15,045

*IDX Range : 4,564 - 4,644*
*USD/IDR Range: 14,995 - 15,135*


D. STOCK WATCHLIST
JSMR, AKRA, INCO, HMSP, ITMG, BBCA, PTBA, KLBF, ADRO, WSBP.


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