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Indonesia Market Today - 11 June 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (11/06/2020). The Fed`s statement hinting that it will keep interest rates low until 2022 is a pressure factor for the DJIA to fall back by -1.04% and if combined with the EIDO fall of -2.54% has the potential to push the JCI down again, although not as sharp as yesterday, in Thursday`s trade amid the increasing number of victims infected, even scored a new highest level, and died due to Corvid19, especially if the PSBB is relaxed, where Corona Virus on Wednesday set a record high infecting as many as 1,240 people so that so far the victims infected with Corvid19 have reached around 34,316 people (an estimate of 40,000 people contracted) with the addition of yesterday`s death toll of +36 people so far the death toll has reached 1,959 to 2,000 people killed in the near future, (Fatality Rate of 5.71%).

On the other hand, commodity price movements are quite diverse where Oil, Gold, Tin & Nickel prices have strengthened respectively by + 1.90%, + 1.56%, + 1.66% & + 0.74% so that it has the potential to raise shares below the commodity while it needs to be watched for the impact of CPO and Coal commodity price declines in trading this Thursday.

Knowing that IHSG has the opportunity to continue profit taking, in the middle of valuation, making quite a lot of shares back is very interesting to buy, we recommend being very selective if investors want to do BOW or Swing Trade, then they can focus on stocks from the Pharmaceutical, Telko, Gold Metal, Retail sectors , Banks, Coal and Property in trading this Thursday.

 

B. INDONESIA CORPORATE NEWS

1. PT Bukit Asam (PTBA)

The company plans 2020 coal production of 30.3 million tons this year, up 4% from the previous year`s realization of 29.1 million tons. In addition, the transportation target in 2020 will be 27.5 million tons or an increase of 13% from the realization of railroad transportation in 2019 of 24.2 million tons. While for coal sales volume in 2020, the company targets to increase it to 29.9 million tons, consisting of domestic coal sales by 21.6 million tons and export coal sales by 8.3 million tons or a total of 29.9 million tons. million tons, up 8% from the realization of coal sales in 2019 of 24.7 million tons.

2. PT Delta Dunia Makmur (DOID)

Until the end of the quarter I / 2020, the Company recorded a net loss of USD22.6 million, while in the same period last year it still recorded a net profit of USD 1.3 million. Meanwhile, revenues in the first quarter of 2020 amounted to USD 193.82 million, down 9.39% compared to the end of the first quarter of 2019 which was recorded at USD 212, 91 million.

3. PT Sinar Mas Multiartha (SMMA)

The company posted net profit attributable to the owners of the parent entity of Rp358.61 billion as of March 31, 2020, a decrease of 20.77% compared to the same period in 2019 of Rp452.62 billion. Meanwhile, revenue fell 12.64% to Rp8.08 trillion from revenue of Rp9.25 trillion in the same period in 2019.

4. PT Cisadane Sawit Raya (CSRA)

The company posted a net profit of Rp 32.5 billion in the first quarter of 2020, up 328.19% compared to the same period last year of Rp 7.59 billion. The source of net profit was Cisadane Sawit`s net sales which rose 34.13% to Rp 145.61 billion, compared to the same period in the previous year of Rp 108.56 billion. In detail, revenue growth from palm oil sales in the first quarter reached Rp 87.21, up 23.88% billion. Then the sale of fresh fruit bunches rose 65.82% to Rp 47.21 billion, and palm kernel Rp 11.07 billion. The company`s customers with a net sales value exceeding 10% are PT Musim Mas with Rp 49.89 billion, PT Pacific Palmindo Industri with Rp 49.89 billion and PT Maju Indojaya with Rp 26.01 billion.

 

C. MARKET STATISTICS

DJIA -282.3 -1.04% 26989
*NASDAQ +66.59 +0.67% 10020*
*GOLD +26.8 +1.56% 1746.60*
*OIL +0.73 +1.90% 39.12*
COAL(July/Newcastle) -0.65 -1.21% 53.05
*NICKEL +95 +0.74% 13002.5*
*TIN +282.5 +1.67% 17192*
CPO (Jul`20) -20 -0.83% 2392
EIDO -0.50 -2.54% 19.15
US 10yr -0.0810 -9.77% 0.7480
INDO 10yr +0.0473 +0.63% 7.5088
*INDO CDS (5yr) +3.457 +3.01% 118.318*
TLK 44.28 (3095)
IDR (Spot) 13,980
IDR (Bloomberg, 11/06/20/Fut, 04.45) 13,980

*IDX Range : 4,879 - 4,961*
*USD/IDR Range: 13,930 - 14,060*

 

D. STOCK WATCHLIST

KLBF, ISAT, MDKA, ACES, PTBA, BBRI, ICBP, BBCA, UNVR, CTRA.

 

 

 

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