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Indonesia Market Today - 16 June 2020

A. INDONESIA MORNING MARKET REVIEW

Tuesday (16/06/2020. DJIA fears will drop sharply due to "Corvid19 second wave" apparently not proven, it is the opposite, after the Fed said it will start buying individual corporate bonds, DJIA closed back up by + 0.62% overnight where this has the potential to be a positive sentiment for trading Tuesday This is in the midst of achieving the highest number of victims who were infected and killed as a result of Corvid19, especially if PSBB is abolished, where on Monday the number of victims infected by Corvid19 remains high reaching +1,017 people so far Corvid19 victims have been infected with around 39,294 people (estimated to reach 45,000 people infected) with the addition of Monday`s death toll of +64 people so far the death toll has reached 2,198 to 2,300 people killed in the near future, (Fatality Rate of 5.60%).

Furthermore, the continued strengthening of several commodity prices such as Crude Oil rose + 1.37%, Coal + 1.23% & Nickel + 1.02% so that it has the potential to push up stocks below these commodities in trading this Tuesday.

Knowing that IHSG has the potential to rebound, amid valuations that many stocks are very attractive to buy, we recommend being very selective if investors want to buy or swing trade, then focus on stocks from the Coal, Consumer, Telecommunication Infrastructure, Cigarette, Bank and Retail sectors in this Tuesday trade.

 

Indonesia`s Foreign Debt in April 2020 Is Higher Than the Previous Month.

Indonesia`s Foreign Debt (ULN) at the end of April 2020 was recorded at USD400.2 billion or IDR5,603 trillion (exchange rate of IDR 14,000) growing 2.9% (yoy), higher than before, March 2020 of 0.6% (yoy). The debt consists of public sector debt (Government and central bank) USD192.4 billion and private sector debt (including SOEs) USD207.8 billion. Even so, Bank Indonesia assessed that the debt was still under control.

 

Car sales by May plummeted 41%

Based on data from the Indonesian Vehicle Industry Association (Gaikindo), the total domestic car sales volume from January to May 2020 was recorded at 248,310 units. The number is down 41% compared to the same period the previous year 422,497 units. Meanwhile, for the period of May 2020 alone the volume of car sales was 3,551 units, down 95% compared to May 2019 yesterday which recorded 84,109 units. Whereas if compared with April 2020 which reached 7,868 units, May sales this year fell by around 54%.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Astra International (ASII)

For May 2020 alone, the Astra Group car market share reached 31%, whereas in April 2020 it was still at the level of 48%, while in May last year the national automotive giant`s market share reached 54%. Toyota car brand in May 2020 recorded sales volume of 716 units, whereas in the previous month it reached 2,090 units.

 

2. PT Indofood CBP Sukses Makmur (ICBP)

The company is reportedly approaching an agreement with the bank related to the exploration of loans worth US $ 2 billion. Sumitomo Mitsui Banking Corp (SMBC) was appointed as the coordinator of the transaction. The indicative margin for this five-year loan is around 200 basis points.

 

3. PT Protech Mitra Perkasa (OASA)

The company posted revenues of Rp 802.42 million in Q1 / 2020, down 85.66% compared to the same period in 2019 of Rp 5.58 billion. Even though the topline experienced a significant decrease, the company managed to record a net profit until the end of the 1st quarter of 2012 amounting to Rp 2.39 billion or grew 121.29% from the same period last year of Rp 1.08 billion.

 

4. PT Trisula International (TRIS)

The company targets total sales of Rp 1.12 trillion by the end of 2020, with a projected net profit of Rp 17 billion. To achieve the target, the company prepared various strategies through its subsidiary * PT Trisula Textile Industries (BELL) *, one of which was by releasing new products, namely masks and Personal Protective Equipment (PPE). Then in order to face the new normal the company has also released a special textile that has been certified to Standard 100 from OEKO-TEX and has passed the AATCC 42 and AATCC 127 tests, which are claimed to have antimicrobial, water repellent and breathable advantages.

 

 

C. MARKET STATISTICS

*DJIA +157.62 +0.62% 25763*
*NASDAQ +137.2 +1.43% 9726*
GOLD -5.1 -0.29% 1732.20
*OIL +0.5 +1.37% 37.06*
*COAL (July/Newcastle) +0.65 +1.23% 53.60*
*NICKEL +130 +1.02% 12837.5*
TIN -122.5 -0.72% 16852.50
CPO (Jul`20) -50 -2.06% 2380
*EIDO -0.01 -0.04% 18.49*
US 10yr +0.0030 +0.43% 0.7020
INDO 10yr -0.0046 -0.06% 7.4720
INDO CDS (5yr) +4.818 +3.59% 138.959
TLK 43.20 (3050)
IDR (Spot) 14,115
IDR (Bloomberg, 13/06/20/Fut, 04.45) 14,115

*IDX Range : 4,778 - 4,860*
*USD/IDR Range: 14,050 - 14,185*

 

 

D. STOCK WATCHLIST

PTBA, ICBP, KLBF, TBIG, GGRM, BBRI, UNVR, ACES, BBNI, PZZA.

 

 

 

 

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