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Indonesia Market Today - 2 July 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (02/07/2020). The impact of the drop in DJIA was -0.30% while EIDO was closed + 1.33%, making the JCI expected to move mixed in a limited range on Thursday amid the highest number of returning victims who were infected and killed by Corvid19, where the number of victims infected with Corvid19 on Wednesday increased to reach +1,385 people so far Corvid19 victims have reached 57,770 people (estimated to be 100,000 infected) with an additional death toll on Wednesday of +58 people so that the death toll has so far reached 2,934 people, leading to 3,000 people killed in the near future, (Fatality Rate of 5.08%).

On the other hand, commodity closing prices are quite diverse where Oil fell -0.25%, Gold -1.04% & Coal -1.05% while Nickel, Tin & CPO prices actually rose by + 0.47%, + 0.33% & + 1.54% so could potentially affect stocks below those commodities in trading this Thursday.

Knowing that there are quite a lot of positive sentiments driving the JCI then there is an opportunity * JCI moves to mix * in trading Thursday amid valuations that many stocks are very interesting to buy, we recommend being very selective if investors want to do BOW or Swing Trade then they can focus on shares from the Bank sector, CPO, Heavy Equipment, IT, Hospital and Properi in Thursday`s trade.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Garuda Indonesia (GIAA)

In the first quarter of 2020 recorded a loss that could be attributed to the owners of the parent entity recorded USD120.16 million or * fell sharply -686.7% * because it was inversely proportional to the profit of USD20.48 million in the same period in 2019. Meanwhile, the company`s Operating income as of March 31, 2020, it decreased by 30.11% to USD768.12 million compared to operating revenues of USD1.09 billion in the same period in 2019.

 

2. PT Samudera Indonesia (SMDR)

Net profit recorded by the company until May amounted to US $ 4.9 million, double the performance compared to the same period in 2019. Meanwhile, until May 2020, the company recorded revenues of US $ 211.7 million, up 19% from the period same last year. The improved performance was the result of the implementation of the company`s fleet composition strategy, where in 2019, the company sold a number of ships with low productivity and rejuvenated new fleets.

 

3. PT Agung Podomoro Land (APLN)

Until the end of the quarter 1/2020 the company recorded a net loss for the period attributable to the owner of the parent entity amounting to Rp448.57 billion, or reversing from the previous profit attributable to the parent entity in the same period in 2019 amounting to Rp162.61 billion. Meanwhile, sales amounted to Rp1.32 trillion as of March 31, 2020, up 75.19% from sales of Rp754.03 billion in the same period in 2019.

 

4. PT Delta Djakarta (DLTA)

The company projects net profit in 2020 to decrease by around 51% -75% or to around Rp 155,771 billion - Rp 79,475 billion due to the Covid-19 pandemic. Meanwhile, the company estimates operating revenues throughout 2020 will also be depressed by around 25% - 50% or estimated to be Rp 413.57 billion - Rp 620.35 billion.

 

5. PT Phapros (PEHA)

The company posted an increase in sales of 28.97% to Rp 229.36 billion at the end of the quarter 1/2020, compared to the same period last year of Rp 177.84 billion. Even so, the company actually scored a loss for the current period of Rp 13.08 billion, compared to the first quarter of 2019 with a net profit of Rp 4.68 billion.

 

6. PT Supra Boga Lestari (RANC)

Until the end of the quarter 1/2020 the company posted a profit for the current period attributable to the owners of the parent entity amounting to Rp22.89 billion, up 92.60% compared to the same period in 2019 of Rp11.8 billion. Meanwhile, until the end of the first quarter of 2012 the company`s net income rose 35.24% to Rp782.18 billion from net income of Rp587.32 billion in 2019.

 

7. PT Matahari Department Store (LPPF)

In the first quarter of 2020, the company recorded a net loss of Rp94 billion, a sharp drop of -166%, even though the same period in 2019 was able to record a net profit of Rp142.51 billion.

 

8. PT Matahari Putra Prima (MPPA)

The company posted sales of Rp 1.95 trillion in 1/2020 or a slight decrease of 2.01% compared to the same period in 2019 reaching Rp 1.99 trillion. Meanwhile, the loss for the year attributable to owners of the parent company can be reduced to Rp 100.2 billion. In fact, in the same quarter the previous year, MPPA suffered losses of up to Rp 112.7 billion.

 

 

C. MARKET STATISTICS

DJIA -77.91 -0.30% 25734
*NASDAQ +95.86 +0.95% 10154*
GOLD -18.8 -1.04% 1779.30
OIL -0.1 -0.25% 39.72
COAL (July/Newcastle) -0.55 -1.04% 51.60
*NICKEL +60 +0.47% 12857.5*
*TIN +55 +0.33% 16790*
*CPO (Aug`20) +36 +1.54% 2374*
*EIDO +0.24 +1.33% 18.24*
US 10yr +0.023 +3.49% 0.676*
INDO 10yr +0.095 +1.31% 7.324
INDO CDS (5yr) -1.759 -1.322% 131.28
TLK 43.48 (3105) vs 3040 (TLKM)
IDR (Spot) 14,282.5
IDR (Bloomberg, 02/07/20/Fut, 04.35) 14,282.5

*IDX Range : 4,872 - 4,955*
*USD/IDR Range: 14,210 - 14,350*

 

 

D. STOCK WATCHLIST

BBCA, PTBA, LSIP, MDKA, UNTR, MTDL, MIKA, ADRO, BBCA.

 

 

 

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