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Indonesia Market Today - 11 May 2020

A. INDONESIA MORNING MARKET REVIEW
Monday (11/05/2020). After a week ago the JCI rose by + 0.66% (but YTD JCI still dropped by -27.02%) but accompanied by Foreign Investor`s Net Sell by Rp -1.22 trillion, beginning this week the combination of DJIA strengthening by + 1.91% and EIDO by + 1.42% and there will be a lockdown easing in a number of European countries and the United States and the easing of the trade war has the potential to contribute as a positive sentiment in trade this Monday amid no visible signs of a decline in alias the number of victims infected and killed by the Corona Virus in Indonesia has increased so that raises the question whether the death toll in Indonesia will slowly equal the death toll in China after the PSBB relaxation is carried out? where Corona virus has infected 14,032 people (to 15,000 people) with 973 fatalities, to 1,000 killed, (Fatality) Rate of 6.93%).

Furthermore, positive factors came from the strengthening factor of WTI Crude Oil by + 4.54%, CPO + 4.15%, and appreciation of Rupiah + 0.40% so that the Rupiah was perched below the level of Rp 15,000 to be a positive catalyst for the JCI and for investors to buy shares under the commodity this Monday.

Knowing that IHSG has the potential to strengthen this Monday *, amid foreign investors who continue to book Net Sell where YTD has reached Rp -20.81 trillion and valuation there are still quite a lot of very attractive shares to buy, we recommend very selective if investors want to do BOW or Swing Trade then can focus on shares of Coal, CPO, Infrastructure, Consumer, Retail and Property in trading this Monday.

 

BI predicts economic growth in the second quarter of 2020 is only 0.4%, this is a consideration.

Bank Indonesia (BI) predicts economic growth in the second quarter of 2020 could only be 0.4% yoy or lower than the previous projection of 1.1% yoy. The cause of the impact of Covid-19 has an effect on people`s income. This is also evident from the decline in public consumption in the first quarter. In addition, this also has an impact on production performance, investment in the business community, and import and export. 

 


B. INDONESIA CORPORATE NEWS
1. PT Indika Energy (INDY)

The company managed to record a production volume of 9.3 million tons during the quarter 1/2020 where the amount consisted of production from PT Kideco Jaya Agung of 8.8 million tons and PT Multi Tambangjaya Utama (MUTU) of 500 thousand tons. Meanwhile, in the first quarter of 2020 the company sold 9.1 million tons of coal, with details, sales by Kideco Jaya Agung of 8.8 million tons and MUTU of 300 thousand tons. Meanwhile, the company has not changed its coal production target this year to 30.95 million tons, while for high-calorie coal, the company, through its subsidiary, MUTU, located in Central Kalimantan, targets production of 1.3 million tons in the year. This 2020.

 

2. PT Merdeka Copper Gold (MDKA)

The company in the first quarter of 2020 was able to increase sales and operating income to USD103.78 million, up by 13.17% from USD91.70 million in the same period in 2019. Furthermore, the company`s net profit until the end of the first quarter of 2020 amounted to USD14.97 million down 26.26% from USD20.30 million in the first quarter of 2019. (Emitennews)

 

3. PT Bank MNC International (BABP)

The company recorded a net profit for the period recorded as of March 31, 2020 amounting to Rp3.89 billion, up 26.47% compared to the same period in 2019 of Rp3.08 billion. In addition, net interest income of Rp117.41 billion as of March 31, 2020 increased by 21.21% compared to the same period in 2019 of Rp96.94 billion. 

 

4. PT Semen Indonesia (SMGR)

During the first three months of 2020 the company`s sales volume reached 7.9 million tons, an increase of 4.7% compared to the first quarter of 2019. Citing data from the Indonesian Cement Association (ASI), as of March 2020 the company also solidified its position as top leader with a market share of 52.9% of total national consumption.

 

5. PT Kedawung Setia Industrial (KDSI)

The Company recorded a net profit attributable to the owners of the parent entity amounting to Rp17.32 billion until the March 31, 2020 period, down from the same period in 2019 of Rp21.17 billion. Meanwhile, until the first quarter of 2012 the company`s net sales fell to Rp510.72 billion compared to the same period in 2019 of Rp574.96 billion.

 

6. PT Pakuwon Jati (PWON)

Throughout 2019 the company posted a comprehensive profit of Rp 3,231 billion, or up 13.3% from 2018 amounting to Rp 2,851 billion. Meanwhile, until the end of 2019 net income was recorded at Rp. 7,202 billion, an increase of 1.7% from the previous year of Rp. 7,081 billion. In detail, the company`s recurring revenue in 2019 reached Rp 3,693 billion, up 6.5% compared to 2018 which amounted to Rp 3,468 billion. The increase was supported partly by the increase in organic revenue from retail shopping centers and the company`s existing hotels. While the company`s development revenue in 2019 reached Rp3,509 billion, where Benson and La Viz apartments located in the Pakuwon Mall area and Amor apartments in East Coast Mansion have started to have sales recognition, while last year amounted to Rp3,613 billion.

 

7. PT Garuda Metalindo (BOLT)

The company posted sales growth of 1.16% yoy to Rp 1.2 trillion from Rp 1.18 trillion in 2018. However, the company`s sales have not been able to lift net profit which actually recorded a decline of 34.21% yoy. Local sales dominate the company`s sales, which are valued at Rp 1.16 trillion. While export sales were Rp 43.31 billion. The segment that contributed the most was motorcycle spare parts valued at Rp 549.11 billion. Then followed by other industry segments Rp. 557.06 billion and finally auto parts Rp. 100.63 billion. (Cash)

 


C. MARKET STATISTICS
*DJIA +455.43 +1.91% 24331*
*NASDAQ +141.66 +1.58% 9121*
GOLD -21 -1.22% 1704.80
*OIL +1.07 +4.54% 24.62*
COAL (June/Newcastle) -0.20 -0.38% 52.90
NICKEL -40 -0.32% 12285
TIN -17.5 -0.11% 15180
*CPO (Jun`20) +81 +4.15% 2034*
*EIDO +0.23 +1.42% 16.40*
US 10yr +0.004 +0.54% 0.685
INDO 10yr +0.113 +1.4% 8.205
*INDO CDS (5yr) -6.33 -2.97% 206.94*
TLK 42.60 (3178)
IDR (Spot) 14,920
IDR (Investing, 09/05/20/Fut, 08.55) 14,920

*IDX Range : 4,577 - 4,657*
*USD/IDR Range: 14,840 - 14,980*

 


D. STOCK WATCHLIST
PTBA, LSIP, ADRO, JSMR, INDF, PGAS, ERAA, AALI, AKRA, SSIA.

 


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