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Indonesia Market Today - 17 June 2020

A. INDONESIA MORNING MARKET REVIEW

Wednesday (17/06/2020). The combination of the US Government`s report of a sharp increase in May Rerail Sales by 17.7%, the positive development of the Dexamethasone drug trial which is expected to drop the victims of Corvid19 and the Trump Government is preparing funds of nearly US $ 1 trillion for the Infrastructure Sector to be a factor in the rise in DJIA by + 2.04% and if combined with the re-strengthening of EIDO by + 3.28% has the potential to be positive sentiment for the continued strengthening of the CSPI in trading this Wednesday amid the achievement of the highest number of returning victims who were infected and killed by Corvid19, especially if PSBB is abolished, where on Tuesday the number of victims affected by Corvid19 remains high reaching +1,106 people so far Corvid19 victims have passed 40,000 people to be exact reaching around 40,400 people (estimated to reach 45,000 people infected) with the addition of Tuesday`s death toll of +64 people so that the death toll so far has passed 2.20 0 people precisely reached 2,231 people to 2,500 people were killed in the near future, (Fatality Rate of 5.52%).

Furthermore, the continued strengthening of several commodity prices such as Crude Oil rose + 2.35%, Gold + 0.16%, CPO + 2.67% & Nickel + 1.48% so that it could potentially push up stocks below those commodities in trading this Wednesday.

Knowing that IHSG has the opportunity to continue strengthening, amid valuations there are still many stocks that are very interesting to buy, we recommend being very selective if investors want to BUY, especially stocks that will distribute quite large dividends such as PTBA, or Swing Trade, then focus on stocks from the Coal, Bank, CPO, Infrastructure, Automotive, Consumer, Retail and Chicken Feed sectors in this Wednesday trade.

 

January-May 2020 State Budget Deficit Has Reached Rp179 Trillion.

The State Budget (APBN) deficit from January to May 2020 has reached Rp179.6 trillion or 1.1% of the Gross Domestic Product (GDP). The deficit represented 21.1% of the APBN ceiling in Perpres 54/2020 which amounted to Rp852.9 trillion or 5.07% of GDP. The government will widen the budget deficit to 6.34% of GDP or as much as Rp1,039.2 trillion in the 2020 State Budget Draft from the previous assumption of 5.07% of GDP or Rp852.9 trillion.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Siloam Hospitals Internasional (SILO)

Up to the first quarter of 2020 the company recorded an increase in profit to Rp16.19 billion or 386.48% from a profit of Rp3.33 billion in the same period in 2019. Meanwhile, revenue rose 9.67% to Rp1.88 trillion in the first quarter of 2020 from Rp1.71 trillion in the same period in 2019.

 

2. PT Cahayasakti Investindo Sukses (CSIS)

The company until the end of the quarter 1/2020 posted profit for the year attributable to the owners of the parent entity achieved Rp3.76 billion, reversing the direction of the previous year`s loss of Rp3.34 billion in 2019. Meanwhile the company scored revenue of Rp24.58 billion until March 31 2020 increased 66.32% of revenue of Rp14.78 billion in the same period in 2019.

 

3. PT Wijaya Karya Beton (WTON)

As a result of Corvid19, the Company predicts that there will be a decrease in total revenue and profits until the Period ending May 31, 2020 compared to May 31, 2019 to 25%.

 

 

C. MARKET STATISTICS

*DJIA +526.8 +2.04% 26289*
*NASDAQ +169.8 +1.75% 9895*
*GOLD +2.7 +0.16% 1734.90*
*OIL +0.87 +2.35% 37.93*
COAL (July/Newcastle) -0.75 -1.40% 52.85
*NICKEL +190 +1.48% 13027.5*
TIN -37.5 -0.22% 16815
*CPO (Jul`20) +64 +2.67% 2456*
*EIDO +0.60 +3.28% 18.89*
US 10yr +0.0540 +7.69% 0.7560
INDO 10yr -0.0307 -0.41% 7.4413
*INDO CDS (5yr) -14.201 -10.22% 124.758*
TLK 44.26 (3120)
IDR (Spot) 14,090
IDR (Bloomberg, 17/06/20/Fut, 04.35) 14,090

*IDX Range : 4,940 - 5,024*
*USD/IDR Range: 14,030 - 14,170*

 

 

D. STOCK WATCHLIST

PTBA, BBRI, AALI, PGAS, ASII, BBNI, ICBP, ACES, LSIP, JPFA.

 

 

 

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