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Indonesia Market Today - 23 July 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (23/07/2020). The combination of DJIA strengthening by + 0.62% and the increase in EIDO by + 0.53% * has the potential to encourage the JCI to rebound aka strengthen * in Thursday`s trade amid the highest number of returning victims who were infected and killed as a result of Corvid19, where the number of victims infected with Corvid19 on Wednesday reached +1,882 So far the Corvid19 victims have reached 91,751 people (estimates of 100,000 infected) with an additional death toll on Wednesday of +139 so that the death toll so far has reached 4,459 people, leading to 5,000 people killed in some time to come, (Fatality) Rate of 4.86%) *.

Furthermore, rising commodity prices such as: Oil + 0.31%, Gold + 1.50%, CPO + 0.95% & Tin + 0.16% have the potential to push up commodity-based stocks in trading this Thursday.

Knowing that the IHSG has the opportunity to strengthen in trading this Thursday amid valuations that many stocks are very attractive to buy, we recommend being very selective if investors want to do BUY or Swing Trade so they can focus on stocks from the Cigarettes, Basic Industries, Pharmaceuticals, Infrastructure, Retail, Tin and Retail Metals in Thursday trade.

 

 

B. INDONESIA CORPORATE NEWS

1. PT HM Sampoerna (HMSP)

The company recorded weakening sales in the second quarter of 2020 only able to sell 18 billion sticks during the period April to June 2020 or down 27.8% on an annual basis and 12% quarterly. Overall, in the first half of this year, the sales volume of HMSP was 38.5 billion units, down by 18.2% YoY from the position of sales volume of 47.1 billion units in the same period in 2019. The financial statements are expected to be released by the end of July 2020.

 

2. PT Solusi Tunas Pratama (SUPR)

As of the 1st quarter of the year, the Company earned Rp 463.7 billion, up 4.3% YoY. Meanwhile, EBITDA in the first quarter of 2012 was Rp. 385.5 billion, representing an EBITDA margin of 83.1%. As of March 2020, the company operates 6,400 towers, 38 indoor signal amplifier sites and a total of 4,724 km of optical fiber network. The company`s main customers consist of the four largest cellular telecommunications operators namely EXCL, TLKM, ISAT and Hutchison 3 Indonesia, which accounted for around 87% of first quarter 2020 revenue. Until the first quarter of 2020, contracted revenue was based on long-term agreements with customers of around IDR 8 7 trillion.

 

3. PT Suparma (SPMA)

Up to the first semester of 2020, the Company recorded profit for the period down 14.69% to Rp61.73 billion from profit for the current period of Rp72.36 billion in the same period in 2019. Meanwhile, net sales of Rp990.99 billion up to the period June 30, 2020 dropped 19 , 83% compared to net sales of Rp1.24 trillion in the same period in 2019.

 

4. PT Panasia Indo resources (HDTX)

The company in the first quarter of 2020 had to bear the burden of losses which swelled to Rp31.51 billion, an increase of + 258.1% from a loss of Rp8.80 billion in the same period in 2019. Meanwhile, the company`s revenue up to the first quarter of 2012 amounted to Rp3.10 billion while in the same period in 2019 the company did not record revenue.

 

5. PT Bumi Citra Permai Tbk (BCIP)

The company to date has a principal and interest obligation of Rp2.5 billion in debt that has not been fulfilled due to the impact of the co-19 pandemic. Furthermore, the impact of the co-pandemic19 for the company`s employees is a pay cut of 15% but the deduction will be returned by the company, the latest in 2022. The company predicts that there will be a decrease in revenue and net income recorded by BCIP by 25% -50% in the end of June 2020 compared to 30 June 2019.

 

 

C. MARKET STATISTICS

*DJIA +165.4 +0.62% 27005*
*NASDAQ +25.76 +0.24% 10706*
*GOLD +27.60 +1.50% 1870.8*
*OIL +0.13 +0.31% 41.89*
COAL (Aug/Newcastle) unch 53.50
NICKEL -382.5 -2.84% 13077
*TIN +27.5 +0.16% 17587.5*
*CPO (Aug`20) +26 +0.95% 2759*
*EIDO +0.10 +0.53% 19.11*
US 10yr -0.0120 -1.98% 0.5950
INDO 10yr -0.0486 -0.67% 7.1873
*INDO CDS (5yr) -3.205 -2.666% 117.02*
*TLK 41.36 (3030) vs 3070 (TLKM)*
IDR (Spot) 14,650
IDR (Bloomberg, 23/07/20/Fut, 04.55) 14,650

*IDX Range : 5,063 - 5,147*
*USD/IDR Range: 14,600 - 14,730*

 

 

D. STOCK WATCHLIST

GGRM, AKRA, KLBF, PGAS, MAPI, PEHA, TINS, BMRI, ERAA, KAEF.

 

 

 

 

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