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Indonesia Morning Market - 7 August 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (07/08/2020). The increase in technology-based stocks again pushed DJIA to strengthen on the 5th day by + 0.68% and if combined with the EIDO strengthening of + 0.63%, it has the potential to become a positive sentiment in today`s trading on the Indonesia Stock Exchange amid the achievement of the highest number of victims who were infected and died due to Corvid19, where * on Thursday there were +1,882 people infected with Corvid * so that so far the victims infected by Corvid19 reached 118,753 people (success far surpassed China, suspected to be the origin country of the Corona Virus and the number 1 highest in Southeast Asia) with * the addition of deaths on Thursday as many +69 people * so the death toll has reached 5,521 people so far, leading to 6,000 deaths in the near future. (Fatality Rate of 4.65%) *.

On the other hand, whether we realize it or not * the price of coal (coal) in Newcastle Port, September delivery continues to fall * where the coal price on Thursday fell again on the 4th day by -2.43% so * for 4 consecutive days the coal price fell by -4.36% * so it is not an exaggeration * investors have started to reduce or sell (SELL) coal-based stocks such as: PTBA, ADRO, ITMG *.

After the JCI has risen for 3 consecutive days by +172.05 points (+ 3.4%), * it is no exaggeration if investors, in the short term, start to reduce their portfolio positions aka profit taking * to anticipate the market if it suddenly experiences a reversal.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Cisadane Sawit Raya (CSRA)

Until the end of semester 1/2020, the company posted revenue of Rp273.33 milia, mainly derived from higher average selling prices in 1H20 based on YoY along with an increase in internal FFB production by 7.2% compared to the same period in 2020. Net Profit until the end of semester 1/2020 it jumped more than 9x compared to the previous year to Rp43.04 billion. This, in turn, has resulted in a net margin expansion of 14ppts to 15.75% against 1.81% recorded in 1H19. 

 

2. PT Indo-Rama Synthetics (INDR)

Until the end of semester 1/2020, the company recorded a profit for the current period attributable to the owner of the parent entity of USD1.08 million, a sharp decrease of -96.92% from a profit of USD35.28 million in the same period in 2019. Furthermore, until the end of semester 1 / 2020, the company posted a net income of USD285.17 million or decreased by 28.39% from net income of USD398.50 million in the same period in 2019.

 

3. PT Central Omega Resources (DKFT)

Until the end of the first semester of 2020, the company posted a loss for the year attributable to the owner of the parent company of IDR 85.14 billion, or an inversely proportional to the profit of IDR 38.97 billion in the same period in 2019. On the other hand, the company posted sales of IDR464.29 billion to IDR 38.97 billion. period 30 June 2020, or an increase of 22.10% from sales of IDR 380.83 billion in the same period in 2019.

 

4. PT AKR Corporindo (AKRA)

The company is still optimistic that it can achieve 15-20% profit growth this year. Until the first semester of 2020, the company posted a net profit attributable to shareholders of Rp 432 billion, an increase of 25% from Rp 391 billion in the first semester of 2019. This net profit was supported by the company`s revenue which reached IDR 10 trillion, a slight increase compared to the first semester of 2019 of IDR 9.71 trillion. So far, the company runs a trading and distribution business for petroleum and chemical-based products. The trading and distribution business recorded revenues of Rp 9.17 trillion. Then, the company also has logistics services which posted revenue of Rp. 410 billion, manufacturing at Rp. 180 billion and industrial estate at Rp. 240 billion.

 

 

C. MARKET STATISTICS

*DJIA +185.46 +0.68% 27386*
*NASDAQ +109.6 +1% 11108*
*GOLD +22.2 +1.08% 2075.2!!*
OIL -0.23 -0.54% 41.97
COAL (Sep/Newcastle) -1.30 -2.43% 52.10!!!
*NICKEL +182.50 +1.28% 14450*
TIN -32.5 -0.18% 17832
*CPO (Sep`20) +58 +2.09% 2832*
*EIDO +0.12 +0.63% 19.22*
US 10yr -0.0770 -1.29% 0.5360
INDO 10yr -0.0294 -0.42% 6.9959
INDO CDS (5yr) -1.334 -1.204% 108.49
*TLK 40.82 (2977) vs 3020 (TLKM)*
IDR (Spot) 14,585
IDR (Bloomberg, 07/08/20/Fut, 04.30) 14,585

*IDX Range : 5,129 - 5,214*
*USD/IDR Range: 14,530 - 14,660*

 

 

D. STOCK WATCHLIST
GGRM, ASII, BBRI, MDKA, UNTR, SMGR, INDY, CPIN, INDF, MAPI.

 

 

 

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