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Indonesia Market Today - 12 May 2020

A. INDONESIA MORNING MARKET REVIEW
Tuesday (12/05/2020). The combination of the drop in DJIA by -0.45%, Oil -0.45% & Gold -0.27% has the potential to hold the CSPI to strengthen in trading this Tuesday amid no visible signs of a decrease in alias the number of victims infected and killed by the Corona Virus in Indonesia has increased where Corona virus has infected 14,265 people (to 15,000 people) with 991 fatalities, to 1000 people killed, (Fatality Rate of 6.95%).

On the other hand, shares under the commodity Coal (+ 0.85%), Nickel (+ 0.94%) & Lead (+ 0.49%) and related to appreciation of the Rupiah have the potential to strengthen limited today.

Knowing that the IHSG has the potential to strengthen this limited Tuesday, amid foreign investors who continue to record Net Sell where YTD has reached Rp -21.08 trillion and valuations there are still quite a lot of very attractive stocks to buy, we recommend very selective if investors want to do BOW or Swing Trade then it can focus on shares of Infrastructure, CPO, Manufacturing, Property, Construction and Retail in this Tuesday trade.

 

BPK mentions 7 names of banks related to OJK supervision.

The Chairman of BPK RI, Agung Firman Sampurna explained that the institution had the authority to publish the names of the banks related to the supervision of the Financial Services Authority (OJK). Just so you know, in the Semester Examination Results Summary (IHSP) II-2019, the BPK considered that bank supervision of seven banks was not in accordance with applicable regulations. This then causes a number of problems, ranging from violations of the minimum lending limit (LLL), capital adequacy, director`s worthiness, to a number of fraud in lending. The seven banks are PT Bank Tabungan Negara Tbk (BBTN), PT Bank Yudha Bhakti Tbk (BBYB), PT Bank Mayapada Tbk (MAYA), PT Bank Papua Regional Development, PT Bank Bukopin Tbk (BBKP), PT Bank Pembangunan Daerah Banten Tbk (BEKS), and PT Bank Muamalat Indonesia Tbk.

 


B. INDONESIA CORPORATE NEWS
1. PT XL Axiata (EXCL)
Until the first quarter of 2020, the company posted revenue of Rp 6.5 trillion, up 9% YoY. Meanwhile, the company`s EBITDA also increased 40% yoy to Rp 3.18 trillion. The company has succeeded in increasing smartphone penetration by 86% by the end of the first quarter of 2020. The company`s total traffic also jumped 41% yoy and 7% when compared to the first quarter - 2019. This success also helped boost data revenue by 17% yoy. In fact, data revenue currently contributes 91% of the company`s total service revenue.

2. PT Bank Permata (BNLI)
The company`s net profit until the first quarter of 2020 dropped 99.53% to Rp 1.73 billion from the same period in 2019 of Rp 377.36 billion. But the company still recorded an increase in net interest and sharia income by 15.78 percent to Rp 1.54 trillion from the first quarter of 2019 to Rp 1.33 trillion. Meanwhile, the gross NPL ratio fell to a level of 3.2% compared to March 2019 at 3.8%. The NPL coverage ratio continues to be maintained at 152% in March 2020, increasing from December 2019 by 133%.

3. PT Mitra Keluarga Karyasehat (MIKA)
The company recorded a net income of IDR 874.72 billion as of March 31, 2020 increasing by + 8.71% compared to the same period in 2019 of IDR 804.64 billion. Meanwhile, until the end of quarter 1/2020, the company posted a net profit attributable to the owners of the parent entity amounting to Rp198.77 billion, an increase of + 8.62% compared to the same period in 2019 amounting to Rp.182.99 billion.

4. PT Garudafood Putra Putri Jaya (GOOD)
The company until the end of 2019 posted a net profit increase of 2.41% to Rp435.77 billion from 2018 profit of Rp425.48 billion. Meanwhile, net sales of Rp8.44 trillion as of December 31, 2019 increased 4.84% compared to the same period in 2018 of Rp8.05 trillion.

5. PT Ricky Putra Globalindo (RICY)
The Company recorded a net profit for the year attributable to the owners of the parent entity amounting to Rp18.51 billion as of 31 December 2019, an increase of + 57.80% compared to the same period in 2018 of Rp11.73 billion. Meanwhile, until the end of 2019, the company posted a net sales of Rp2.15 trillion, an increase of + 1.89% compared to the same period in 2018 of Rp2.11 trillion.

6. PT Madusari Murni Indah (MOLI)
Up to December 31, 2019, the Company recorded a fall in net profit of 35.45% to Rp50.14 billion compared to net profit of Rp77.68 billion in the same period in 2018. Meanwhile, net sales decreased 5.70% to Rp1.12 trillion compared to Rp1 , 19 trillion in 2018.

 


C. MARKET STATISTICS
*DJIA -109.33 -0.45% 24221*
*NASDAQ +71.02 +0.78% 9192*
*GOLD -4.6 -0.27% 1700.20*
*OIL -0.11 -0.45% 24.51*
*COAL (June/Newcastle) +0.45 +0.85% 53.35*
*NICKEL +115 +0.94% 12400*
*TIN +75 +0.49% 15255*
CPO (Jun`20) Closed 2034
EIDO +0.07 +0.43% 16.47
US 10yr +0.026 +3.77% 0.707
INDO 10yr +0.01 +0.12% 8.215
INDO CDS (5yr) -0.387 -0.187% 206.553
*TLK 42.52 (3167)*
IDR (Spot) 14,895
IDR (Investing, 12/05/20/Fut, 04.50) 14,895

*IDX Range : 4,599 - 4,679*
*USD/IDR Range: 14,835 - 14,975*

 


D. STOCK WATCHLIST
JSMR, LSIP, SMGR, SMRA, WIKA, PGAS, AALI, INTP, MAPI, PTPP.

 


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