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Indonesia Market Today - 4 June 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (04/06/2020). Indications of economic improvement in the US pushed DJIA`s sharp rise back by + 2.05% and if combined with the strengthening of EIDO by + 4.68% it has the potential to be a positive sentiment driving the strengthening of the JCI back towards the level of 5,000 in trade this Thursday amid continued increase in the number of victims affected and killed, especially if the PSBB is relaxed, where Corona Virus has infected 28,233 people (estimated to reach 30,000 people infected) with a death toll of 1,698 people killed and to 1,800 people killed, (Fatality Rate of 6.01%).

On the other hand, falling commodity prices such as: Oil -0.49%, Gold -1.88%, Tin -0.25% and Nickel -0.60% have the potential to be a negative sentiment for commodity-based shares in trading this Thursday.

Knowing that the IHSG has the opportunity to continue strengthening, amid growing foreign investors posting Net Buy (yesterday Foreign Net Buy was around Rp 1.51 trillion) and valuation there were still quite a lot of very attractive shares to buy, we recommend being very selective if investors want to BUY or Swing Trade then you can focus on stocks from the Chicken Feed, Coal, Property, Banks, Property, CPO and Infrastructure sectors in this Thursday trade.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Ramayana Lestari Sentosa (RALS)

Until the first quarter of 2020, the company posted a profit decline of 82.84% to Rp13.29 billion compared to the same period in 2019 of Rp77.50 billion. Meanwhile, the company`s total revenue in the first quarter fell 12.41% to Rp916.13 billion from Rp1.046 trillion in the same period in 2019. The breakdown was that revenue from the sale of broken goods dropped to Rp768.26 billion from Rp876.73 billion and the consignment sales commission fell to Rp147.87 billion from Rp169.31 billion.

 

2. PT Pelita Samudera Shipping (PSSI)

The company experienced a decline in profit in the first quarter of 2020 around 50.3% to USD1.09 million from profit for the same period in 2019 amounting to USD2.19 million. Meanwhile, the company posted operating revenues of USD19.29 million up to the 31 March 2020 period, up 9.27% compared to the same period in 2019 of USD17.66 million.

 

3. PT Medikaloka Hermina (HEAL)

Throughout the year 2020, the company targets to add three new hospitals in Kutabumi (Tangerang, Banten), Karawang (West Java) and Manado (North Sulawesi). If all targets are met, HEAL will operate a total of 40 hospital networks in Indonesia.

 

4. PT Darma Henwa (DEWA)

Throughout 2019, the company posted revenues of US $ 344.64 million or grew 24.83% compared to 2018 of US $ 276.09 million. Meanwhile, throughout 2019, DEWA also managed to record a 47.3% increase in current year`s profit attributable to the owners of the parent entity to US $ 3.76 million, whereas in 2018, it only posted current year`s profit of US $ 2.5 million.

 

5. PT Indosterling Technomedia Tbk (TECH)

The Company will list its first shares on the IDX, today, Thursday, April 4, 2020 as a company listed as the 28th issuer in 2020. TECH releases 251,300,000 common shares on behalf of or as much as 20.00% of the total paid up capital of the Company after the Offer Initial Public Offering of the Company at an initial price of Rp160 per share at a nominal value of Rp50.

 

 

C. MARKET STATISTICS

*DJIA +527.2 +2.05% 26269!!*
*NASDAQ +74.54 +0.78% 9682*
*GOLD -32.6 -1.88% 1701.50*
*OIL -0.18 -0.49% 36.69*
*COAL (July/Newcastle) Unch 56.50*
*NICKEL -77.50 -0.60% 1792.5*
*TIN -40 -0.25% 15970*
*CPO (Jul`20) +25 +1.05% 2404*
*EIDO +0.88 +4.68% 19 68!!*
US 10yr +0.0810 +11.91% 0.7610
INDO 10yr -0.1745 -2.33% 7.3158
*INDO CDS (5yr) -12.875 -8.42% 139.995!!*
*TLK 46.48 (3276)*
IDR (Spot) 14,095
IDR (Bloomberg, 04/06/20/Fut, 04.35) 14,095

*IDX Range : 4,919 - 5,038*
*USD/IDR Range: 14,030 - 14,170*

 

 

D. STOCK WATCHLIST

JPFA, ITMG, MDLN, BBCA, BSDE, MDLN, LSIP, JSMR, PGAS, SMRA.

 

 

 

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