Indonesia Morning Market - 4 August 2020
A. INDONESIA MORNING MARKET REVIEW
Tuesday (04/08/2020). The combination of rising technology shares such as: Microsoft + 5.6% & Apple + 2.5% as well as the issuer`s report Ely Lilly began the final stages of the discovery of the Corono Virus Vaccine to drive the DJIA to strengthen by + 0.89% actually has the potential to be a catalyst for the Indonesian market, but is hindered by a reduction in EIDO by -2.77% amid fears of the re-enactment of a lockdown like what happened in the Philippines and the achievement of the highest number of victims who were infected and killed by Corvid19, where * on Monday there were +1,679 people infected by Corvid * so that so far the victims infected with Corvid19 have reached 111,134 people (success far surpassing Corvid19) China, thought to be the Corona Virus initial state with +66 more deaths on Monday, so that the death toll has reached 5,302 so far, leading to 6,000 dead in the near future. (Fatality Rate of 4.69%) *. (Worldometers Info)
On the other hand, most commodity prices rose, such as: Oil + 0.84%, Nickel + 1.40%, Tin + 0.17% and CPO + 2.68% potentially pushing up shares below that commodity. Knowing the IHSG driving factors are quite diverse this Tuesday amid valuations that there are still quite a lot of interesting stocks to buy, we recommend being very selective if investors want to do BOW or Swing Trade so they can focus on stocks from the Consumer, Cigarette, Retail, CPO, Banks, Infrastructure sectors and Basic Industries in trading this Tuesday.
B. INDONESIA CORPORATE NEWS
1. PT Indofood Sukses Makmur (INDF)
Until the end of semester 1/2020, the company posted a consolidated increase in net sales by 2% to Rp39.38 trillion compared to Rp38.61 trillion in the same period in 2019. Meanwhile, until the end of semester 1/2020, current period profit attributable to owners parent entity grew + 12% to Rp2.84 trillion from Rp2.55 trillion in the same period in 2019.
2. PT Semen Indonesia (SMGR)
Until the first half of 2020 the company recorded a net profit of Rp612 billion, up 26.3% compared to the same period in 2019 amounting to Rp485 billion. On the other hand, in fact until the end of semester 1/2020 the revenue was recorded at Rp16.03 trillion, down -2% compared to the same period in 2019 of Rp16.35 trillion.
3. PT Indofood CBP Sukses Makmur (ICBP)
Until the end of semester 1/2020 the company recorded consolidated net sales growth of + 4% to Rp23.05 trillion from Rp22.13 trillion in the same period in 2019. Meanwhile, until the end of semester 1/2020 current period profit attributable to the owner of the entity parent market increased by + 31% to Rp3.38 trillion from Rp2.57 trillion in the same period in 2019.
4. PT Bank Tabungan Negara (BBTN)
The company posted a net profit of Rp768 billion in the first half of 2020. The company`s net profit was supported by net interest income of Rp4.43 trillion. The company also recorded a profit from operations outside the provision of Rp1.99 trillion. The company`s net interest income achievement was contributed by an increase in lending and financing by 0.32% yoy from Rp251.04 trillion in the first semester of 2019 to Rp251.83 trillion in the same period this year. In the midst of this positive growth, the company also continues to maintain the quality of lending. As of June 2020, the company recorded a decline in the net non-performing loan (NPL) ratio from 2.42% as of June 2019 to 2.40% in June 2020. In the first half of 2020, the Company`s allowance for impairment losses (CKPN) increased to 107, 90% or shot away from 37.87% in the same period in 2019. With the increase in demand deposits, the company recorded an increase in low-cost funds (CASA) of 3.75% yoy from Rp92.83 trillion to Rp96.32 trillion per semester I / 2020 . The capital (CAR) of the company has also strengthened to support the rate of business from the level of 16.99% to 19.10% per semester I / 2020.
5. PT Aneka Tambang (ANTM)
Until the first half of 2020 the company posted * net profit fell sharply -80.18% * to Rp 84.82 billion from Rp 428 billion in semester I-2019. Meanwhile, the company`s sales in the first semester of 2012 dropped -36% to Rp 9.23 trillion from the same period in 2019 of Rp 14.43 trillion.
6. PT PP (PTPP)
Until the first half of 2020 the company posted a net profit of Rp. 15.95 billion or * fell sharply -95.36% * compared to the first half of 2019 of Rp. 343.72 billion. Furthermore, operating revenues in the first semester of 2020 dropped -36.56% to Rp 6.75 trillion from the first semester of 2019, which posted revenues of Rp 10.64 trillion.
7. PT Waskita Beton Precast (WSBP)
Until the first semester of 2020, the company posted * a sharp decline in profit of -98.62% * to Rp 176 billion from Rp 376 billion in the same period in 2019. The decline in corporate profits occurred in line with the decline in corporate revenue throughout the semester 1/2020 recorded at Rp1.1 trillion or down -71.2% compared to the same period in 2019 with a value of Rp3.82 trillion.
C. MARKET STATISTICS
*DJIA +236.08 +0.89% 26664*
*NASDAQ +157.52 +1.47% 10902.8*
GOLD -1 -0.05% 1993
*OIL +0.34 +0.84% 40.77*
COAL (Sep/Newcastle) -0.25 -0.46% 54.55
*NICKEL +192.5 +1.40% 13955*
*TIN +30 +0.17% 17857.50*
*CPO (Sep`20) +73 +2.68% 2798!!*
EIDO -0.52 -2.77% 18.22
US 10yr +0.0270 +5.04% 0.5630
INDO 10yr -0.0061 -0.09% 7.0494
INDO CDS (5yr) -1.35 -1.12% 114.624
*TLK 39.60 (2897) vs 2920 (TLKM)*
IDR (Spot) 14,630
IDR (Bloomberg, 04/08/20/Fut, 04.35) 14,630
*IDX Range : 4,956 - 5,057*
*USD/IDR Range: 14,550 - 14,680*
D. STOCK WATCHLIST
ICBP, GGRM, ERAA, AALI, UNVR, BBCA, INDF, TOWR, SMGR, PTBA
GFS ASIA TEAM
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