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Indonesia Market Today - 14 May 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (14/05/2020). Concern over the Fed Chairman`s statement that there is a risk of economic decline so that the current stimulus package is insufficient to push the DJIA back down on the 3rd day by -516.8 points (-2.17%), so that for 3 days the DJIA fell by -1083.3 points (-4.51% ) combined with the drop in EIDO by -0.50% and the fall of several commodity prices such as Oil -1.01%, Nickel -0.35% and Tin -0.79% potentially pushing back down the JCI in this Thursday trade amid no visible signs of a decrease in alias the number of victims infected and killed by the Corona Virus in Indonesia is increasing where Corona Virus has infected 15,438 people (to 17,000 people) with a death toll of 1,028 people, to 1,100 people killed (Fatality Rate of 6.66%).

On the other hand, the following commodity-based stocks such as: Coal + 1.75%, Gold + 0.97% and CPO + 1.64% have the potential to strengthen today.

Knowing that IHSG has the potential to be hit again by profit taking or falling back, amid foreign investors who continue to record Net Sell where YTD (as of May 13, 2020) reached Rp -22.90 trillion and valuations there are still quite a lot of interesting stocks to buy, We recommend being very selective if investors want to do BOW or Swing Trade so they can focus on stocks from the Telko, FMCG, Basic Industries, Cigarettes, Gold Metal, Coal, Pharmaceutical and Consumer sectors in this Thursday trade.


B. INDONESIA CORPORATE NEWS
1. PT Mayora Indah (MYOR)
The company recorded a net profit increase of 99.72% to Rp 931.3 billion in the first quarter of 2020, compared to Rp 466.3 billion in the same period in 2019 due to efficiency and foreign exchange earnings. Meanwhile, the company`s net sales in the first quarter of 2020 reached Rp 5.37 trillion, down 10.64% compared to the same period in 2019 of Rp 6.01 trillion. The company`s total net sales consisted of sales to the local market of Rp 3.75 trillion and export sales of Rp 1.62 trillion.

2. PT Indo Tambang Raya (ITMG)
Up to the first quarter of 2020, the Company recorded a decrease in net profit of 62.96% to USD14.44 million from the same period in 2019 of USD38.99 million. Meanwhile, until the end of the 1st quarter of 2020 the company`s net income was USD365.90 million, down 19.23% compared to the same period in 2019 of USD453.02 million.

3. PT Petrosea (PTRO)
The company recorded a profit attributable to the owners of the parent entity of US $ 4.21 million up to the 31 March 2020 period compared to the same period in 2019 of US $ 3.09 million. Meanwhile, revenue fell to US $ 103.57 million from US $ 115.15 million the previous year.

4. PT Duta Pertiwi (DUTI)
The company posted a net profit in the first quarter of 2020 amounting to Rp131.34 billion, down 45.22% from the same period in 2019 of Rp239.76 billion. Meanwhile, the company posted revenue of Rp. 385.19 billion up to the period March 31, 2020, down 25.21% compared to the same period in 2019 amounting to Rp. 515.03 billion.

5. PT Multipolar (MLPL)
The company in 2019 was able to reduce its net loss by 29.07%, down to Rp866.09 billion from the 2018 loss of Rp1.22 trillion. Meanwhile, the company posted net sales of Rp12.23 trillion up to the 31 December 2019 period, down 18.94% compared to the same period in 2018 of Rp14.98 trillion.

6. PT First Media (KBLV)
Until the end of 2019, the company recorded a net loss of Rp.256.38 billion or managed to reduce losses compared to the end of 2018, which recorded a net loss of Rp3.49 trillion. Meanwhile, until the end of 2019 the company`s net income was Rp248.9 billion, down 74.77% compared to the end of 2018, amounting to Rp983.2 billion.

7. PT Adhi Karya (ADHI)
The company is targeting net profit in 2020 to reach Rp704 billion or greater than the realization in 2019 of Rp663.81 billion. In order to sustain the target, the company is targeting total operating revenues in 2020 to reach Rp22.7 trillion or greater than the realization in 2019 which was valued at Rp15.31 trillion.


C. MARKET STATISTICS
*DJIA -516.8 -2.17% 23247*
*NASDAQ -139.3 -1.55% 8863l*
*GOLD +16.6 +0.97% 1723.40*
*OIL -0.26 -1.01% 25.52*
*COAL (June/Newcastle) +0.95 +1.75% 55.10*
*NICKEL -42.5 -0.35% 12237.5*
*TIN -120 -0.79% 15112.50*
*CPO (Jun`20) +33 +1.64% 2045*
*EIDO -0.08 -0.50% 16.03*
US 10yr -0.029 -4.28% 0.6490
INDO 10yr -0.0416 -0.51% 8.1692
INDO CDS (5yr) -2.822 -1.39% 203.393
*TLK 41.44 (3080)*
IDR (Spot) 14,865
IDR (Bloomberg, 14/05/20/Fut, 04.45) 14,865

*IDX Range : 4,505 - 4,585*
*USD/IDR Range: 14,820 - 14,930*


D. STOCK WATCHLIST
EXCL, UNVR, SMGR, HMSP, ANTM, INDY, KLBF, LSIP, HOKI, TLKM.


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