Indonesia Market Today - 23 June 2020
A. INDONESIA MORNING MARKET REVIEW
Tuesday (23/06/2020). The combination of DJIA strengthening by + 0.59% and EIDO by + 0.27% has the potential to become a positive sentiment driving up the JCI in Tuesday`s trade amid the highest number of returning victims who were infected and killed by Corvid19, where Monday`s number of victims infected with Corvid19 continues to rise reaching +954 people so far that Corvid19 has reached 46,845 people (estimated to reach 50,000) with an additional death toll on Monday of +35 so that the death toll has reached 2,500 to 3,000 in the near future. (Fatality) Rate of 5.34%). (Worldometers Info).
On the other hand, some commodity prices are quite conducive where Oil, Gold and CPO prices have risen by + 2.97%, + 0.46% & + 0.08%, respectively to potentially push up stocks below these commodities in Tuesday`s trade.
Knowing that IHSG has a chance to rebound, in the midst of valuation many stocks are very interesting to buy, we recommend being very selective if investors want to buy, especially stocks that will distribute dividends, or Swing Trade, so they can focus on stocks from the CPO sector, Consumer, Gold Metal, Coal, Cement, Infrastructure, Chemistry, Pharmacy and IT in trading this Tuesday.
B. INDONESIA CORPORATE NEWS
1. PT Timah (TINS)
Until the first quarter of 2020, the company posted a loss of Rp412.86 billion, a sharp drop of -237.04% compared to the same period in 2019 where the company was able to earn a profit of Rp301.27 billion. On the other hand, until the end of the quarter / 2020, the company posted operating revenues of Rp4.38 trillion, up 5.23% compared to the same period in 2019 of Rp4.17 trillion.
2. PT Puradelta Lestari (DMAS)
The company in the first quarter of 2020 posted a profit increase of up to 551.85% to Rp53.36 billion compared to the same period in 2019 of Rp8.19 billion. Meanwhile, until the end of the 1st quarter of 2011, the company`s revenue of Rp107.63 billion increased by 1,590%, far compared to the same period in 2019 of Rp6.36 billion.
3. PT Link Net (LINK)
The company recorded a decline in profit until the period March 31, 2020 to Rp197.70 billion, down 25.16% compared to the same period in 2019 amounting to Rp264.20 billion. On the other hand, until the end of the first quarter of 2011 revenue increased by 7.57% to Rp958.99 billion compared to the same period in 2019 amounting to Rp891.48 billion.
4. PT Greenwood Sejahtera (GWSA)
The company posted an increase in profit in the first quarter of 2020 amounting to 159.56% to Rp41.68 billion compared to the same period in 2019 of Rp16.06 billion. On the other hand, until the end of quarter 1/2020, the company recorded a decrease in operating income of around 41.14% to Rp14.01 billion compared to the same period in 2019 of Rp23.81 billion.
5. PT Temas (TMAS)
In the first quarter of 2020, the company posted a profit of Rp3.86 billion, a sharp drop of 90.86% compared to the same period in 2019 of Rp42.25 billion due to an increase in expenses. On the other hand, revenues until the end of the quarter 1/2020 posted revenues of Rp706.84 billion or grew 16.22% from Rp608.15 billion compared to the same period in 2019.
C. MARKET STATISTICS
*DJIA +153.5 +0.59% 26024*
*NASDAQ +110 +1.11% 10056*
*GOLD +8.1 +0.46% 1764.30*
*OIL +1.17 +2.97% 40.60*
*COAL (July/Newcastle) Unch 53.35*
*NICKEL -120 -0.94% 12627.5
TIN -2.5 -0.01% 16887.50
*CPO (Jul`20) +2 +0.08% 2540*
*EIDO +0.05 +0.27% 18.59*
US 10yr +0.0070 +1% 0.7040
INDO 10yr +0.0102 +0.14% 7.4592
INDO CDS (5yr) +1.449 +1.166% 125.767
TLK 44.52 (3150) vs 3200 (TLKM)
IDR (Spot) 14,149.5
IDR (Bloomberg, 23/06/20/Fut, 04.25) 14,149.5
*IDX Range : 4,874 - 4,957*
*USD/IDR Range: 14,080 - 14,210*
D. STOCK WATCHLIST
AALI, ICBP, MDKA, LSIP, ITMG, INTP, JSMR, BRPT, PEHA, NFCX.
GFS ASIA TEAM
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