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Indonesia Market Today - 29 July 2020

A. INDONESIA MORNING MARKET REVIEW

Wednesday (29/07/2020). The impact of investor worries about weakening consumer confidence, the disappointing performance of issuers` financial statements and concerns about disputes in the United States Congress about the aid plan to combat the corona virus is a factor of the drop in DJIA by -0.77% and if combined with a decrease in EIDO of -1.56% has the potential to be a factor negative for JCI back down in trading this Wednesday amid the highest achievement of the number of returning victims who were infected and killed by Corvid19, where * on Tuesday there were +1,748 people infected by Corvid * so far so far the victims infected with Corvid19 reached 102,303 people (successfully surpassing China, allegedly as a country the beginning of the Corona Virus) with an additional death toll on Tuesday as many as +63 people so that the death toll has so far reached 4,901 people, to 5,000 people killed in the near future, (Fatality Rate of 4.80%)*.

Furthermore, falling prices of some commodities such as: Oil -1.37%, Coal -1.15% & Nickel -0.71 %% have the potential to push down commodity-based stocks in trading this Wednesday.

Knowing that the IHSG has the opportunity to continue weakening in Wednesday trading amid valuations that many stocks are very attractive to buy, we recommend being very selective if investors want to do BOW or Swing Trade so they can focus on the shares of the Bank, Heavy Equipment, Automotive, Consumer, Retail sectors , Basic Industries and Property in Wednesday trade.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Astra Agro Lestari (AALI)

Until the end of semester 1/2020, the company posted a net income of Rp9.08 trillion, up + 6.45% compared to the same period in 2019 of Rp8.53 trillion. Meanwhile, until the end of semester 1/2020 profit attributable to owners of the parent entity amounted to Rp391.90 billion, a very sharp increase of + 796.39% compared to the same period in 2019 of Rp43.72 billion.

 

2. PT Bank MNC International (BABP)

The company`s net interest income until the end of semester 1/2020 increased + 11.01% to Rp215.88 billion, compared to the same period in 2019 of Rp194.47 billion. While until the end of the quarter 2/2020 the net profit for the current period fell -2.84% to IDR5.13 billion from 2019 net profit of IDR5.28 billion.

 

3. PT Blue Bird (BIRD)

Until the first semester of 2020, the company experienced a net loss of IDR93.67 billion or a sharp drop of -159.15%, inversely compared to the same period in 2019 which posted a profit of IDR158.37 billion. Meanwhile, net income as of 30 June 2020 fell 39.86% to Rp1.15 trillion compared to net income of Rp1.91 trillion.

 

4. PT Wijaya Karya Bangunan Gedung (WEGE)

The company managed to record new contracts reaching Rp1.02 trillion until June 2020. Achievements of the new contracts that have been obtained include BI Palangkaraya, Mandiri Denpasar Building, Pertamina Simprug Corona Hospital, Antam Medika Hospital, The Park Mall Kendari (PSA), RSPJ Emergency Corono PT Pertamedika DKI Jakarta, RS Airlangga Surabaya Corona, RS Corona Lamongan, RSCM Emergency Corona RSCM DKI Jakarta and the Interior of the BUMN Building. The achievement of the new contract shows the composition of the BUMN market 42%, the government 31% and the private sector 27%.

 

5. PT Distribution Voucher Nusantara (DIVA)

Until the first half of 2020, the Company recorded a net profit of Rp16.9 billion, down 57.77% compared to the first half of 2019, which recorded a net profit of Rp40.05 billion. Meanwhile, the company`s sales in the first half of 2020 amounted to Rp1.78 trillion, up 5.32 percent compared to the end of June 2019, which was recorded at Rp1.69 trillion.

 

6. PT Acset Indonusa (ACST)

Until the end of semester 1/2020, the company experienced a decrease in revenue to Rp748.75 billion, down -51.70% compared to the same period in 2019 amounting to Rp1.55 trillion. Meanwhile, until the end of semester 1/2020 the loss before tax was recorded at Rp250.33 billion, down -37.46% compared to the same period in 2019 amounting to a pre-tax loss of Rp400.26 billion.

 

 

C. MARKET STATISTICS

DJIA -205.49 -0.77% 26379
*NASDAQ -134.18 -1.27% 10402*
*GOLD +15 +0.77% 1950.60!!*
OIL -0.57 -1.37% 41.08
COAL (Aug/Newcastle) -0.60 -1.15% 51.60
NICKEL -97.5 -0.71% 13695
*TIN +5 +0.03% 18007.50*
CPO (Aug`20) -94 -3.38% 2690
EIDO -0.30 -1.56% 18.98
US 10yr -0.0280 -4.60% 0.5810
INDO 10yr -0.0458 -0.64% 7.0747
INDO CDS (5yr) -0.519 -0.439% 117.758
*TLK 40.96 (2977) vs 3040 (TLKM)*
IDR (Spot) 14,535
IDR (Bloomberg, 29/07/20/Fut, 08.15) 14,535

*IDX Range : 5,065 - 5,149*
*USD/IDR Range: 14,450 - 14,590*

 

 

D. STOCK WATCHLIST

BBCA, UNTR, ASII, UNVR, MAPI, BRIS, GJTL, ACES, ICBP, DMAS.

 

 

 

 

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