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Indonesia Market Today - 9 June 2020

A. INDONESIA MORNING MARKET REVIEW

Tuesday (09/06/2020). After a week ago DJIA rose sharply by + 6.8%, it turned out that the DJIA strengthening trend continued following Monday`s DJIA strengthened again + 1.70% as expectations of rapid US economic recovery after continuing opening in many states (already nearly 80% opened) and an additional 2.5 million jobs new in May (even though the consensus estimates that it will drop 8 million jobs) has the potential to be a positive sentiment for this Tuesday and if combined with a sharp enough EIDO gain of + 4.32% it will be a driving factor for IDX to regain strength above the level of 5,100 in trading This Tuesday amid the continuing increase in the number of victims infected and killed by Corvid19, especially if PSBB is relaxed, where Corona Virus yesterday infected 842 people so far the Corvid19 infection has reached 32,033 people (estimated to reach 35,000 people infected) with an additional death toll yesterday as many as +32 people so it`s the same this number of fatalities reached 1,883 people to 2,000 people were killed in the near future, (Fatality Rate of 5.88%).

Furthermore, rising commodity prices such as: Gold + 0.96%, Tin + 1.50%, Nickel + 1.06% and CPO + 0.80% have the potential to be catalysts driving the JCI strengthening and commodity-based shares in this Tuesday trade.

Knowing that IHSG has the opportunity to continue its direction of strengthening, amid valuations there are still quite a lot of interesting stocks to buy, we recommend being very selective if investors want to do BUY or Swing Trade so they can focus on shares from the Bank, Property, Infrastructure, Construction, Basic Industries sectors and CPO in trading this Tuesday.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Lippo Cikarang (LPCK)

Until the end of 2019, the company recorded a decrease in revenue of 21.69% to Rp1.66 trillion compared to the same period in 2018 of Rp2.12 trillion. The breakdown is revenue contributed from Sales of Residential Houses and Apartments amounting to Rp 825.13 billion, Industrial Land Sales contributed Rp 366.89 billion, City Management Income of Rp 338.63 billion, Sales of Commercial Land and Shop Houses valued at Rp 134.50 billion, and rental income of Rp 29.63 billion. Meanwhile, until the end of 2019 the company recorded current profit that could be attributed to the parent entity of Rp 310.91 billion, down 84.15% compared to the same period in 2018 of Rp 1.95 trillion.

 

2. PT Bintraco Dharma Industry and Trade (CARS)

Throughout 2019, the company`s revenue fell 4.09% yoy to Rp 7.45 trillion compared to the previous period in 2018 of Rp 7.77 trillion. Meanwhile, in 2019, the company recorded a loss for the current period attributable to the parent entity of Rp 83.52 billion, in the same period in 2018 or fell sharply -135.15% because at the end of 2018 the company was able to record a net profit of Rp 237.61 billion.

 

 

C. MARKET STATISTICS
*DJIA +461.4 +1.70% 27572*
*NASDAQ +110.6 +1.13% 9924*
*GOLD +16.3 +0.96% 1705.30*
OIL -0.88 -2.25% 38.18
COAL (July/Newcastle) -0.75 -1.33% 55.45
*NICKEL +137.5 +1.06% 13065*
*TIN +247.5 +1.50% 16702.5*
*CPO (Jul`20) +19 +0.80% 2380*
*EIDO +0.84 +4.31% 20.35*
US 10yr -0.020 -2.21% 0.8840
INDO 10yr +0.0847 +1.14% 7.4870
*INDO CDS (5yr) -15.081 -12.066% 109.903*
TLK 46.32 (3216)
IDR (Spot) 13,885
IDR (Bloomberg, 09/06/20/Fut, 04.35) 13,885

*IDX Range : 5,020 - 5,121*
*USD/IDR Range: 13,825 - 13,960*

 

 

D. STOCK WATCHLIST
BBNI, SMRA, PGAS, PTPP, AKRA, SSIA, BMRI, SMGR, LSIP, WIKA.

 

 

 

 

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