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Indonesia Morning Market - 14 August 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (14/08/2020). The lack of progress in talks between the Republican Party and the Democrat Party regarding the USD 1 trillion BLT Stimulus Package so that at the end of August the threat of not being distributed will push the DJIA down by -0.29% and if combined with the EIDO drop of -0.21%, this Friday JCI is expected to be moving in a limited range like trading last Thursday amid the achievement of the highest number of victims infected and killed by Corvid19, where * on Thursday there were +2,098 people infected with Corvid * so that so far the victims infected with Corvid19 reached 132,816 people (success far surpassed China, suspected to be country of origin of the Corona Virus) with * an increase in the number of deaths on Thursday as many as +65 people * so that so far the death toll has reached 5,968 people, leading to 6,000 deaths in the near future (Fatality Rate of 4.49%)*.

 

Positive Corona Cases Rise, Anies Again Extends Jakarta Transition PSBB for 14 Days.

The Governor of DKI Jakarta Anies Baswedan decided to extend the PSBB for the transition period in the first phase for the fourth time until 27 August 2020. The PSBB transition was extended again because the findings of * new positive cases or the positivity rate in Jakarta have tended to increase over the past week, namely at number 8. , 7% *. The standard positivity rate from WHO to be declared safe and under control is 5%.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Indo Tambangraya Megah (ITMG)

Until the end of the first semester of 2020, the company posted a net profit of USD29.89 million, or decreased by 57.9% compared to the same period in 2019 of USD70.82 million. Meanwhile, total revenue in the first semester of 2020 was USD652.6 million, or decreased by 26.8% compared to the same period in 2019 of USD892.7 million.

 

2. PT Elang Mahkota Teknologi (EMTK)

Until the end of semester 1/2020, the company posted revenues of Rp. 5.34 trillion, down 1.02% compared to the same period in 2019 of Rp. 5.40 trillion. Meanwhile, the solutions business segment is the largest contributor to the company, amounting to Rp 2.73 trillion or 51% of total revenue. Revenue from this segment grew 22.70% yoy. On the other hand, revenue from the media segment fell. Emtek`s advertising revenue reached Rp 2.18 trillion or 18.87% decrease. On the other hand, until the end of semester I / 2020 the company recorded a loss for the year of Rp. 210 billion, while in semester I / 2020, the company lost Rp. 954 billion.

 

3. PT Hotel Fitra International (FITT)

The company posted a loss for the current year attributable to the owners of the parent entity in the first semester of 2020, up 50.75% to Rp5.20 billion from a loss of Rp3.45 billion in the same period in 2019. Meanwhile, until the end of semester 1/2020 the company posted revenue amounting to IDR2.06 billion or decreased by 49.07% compared to the same period in 2019 of IDR4.05 billion.

 

 

C. MARKET STATISTICS

DJIA -80.12 -0.29% 27896
*NASDAQ +30.27 +0.27% 11042*
*GOLD +14.40 +0.74% 1963.40*
OIL -0.22 -0.52% 42.34
*COAL (Sep/Newcastle) +0.65 +1.30% 50.50*
NICKEL -192.5 -1.35% 14040
TIN +2.5 +0.01% 17537.50
*CPO (Sep`20) +26 +0.94% 2800*
EIDO -0.04 -0.21% 19.34
US 10yr +0.0460 +6.87% 0.7160
INDO 10yr +0.0144 +0.21% 6.9506
INDO CDS (5yr) -1.786 -1.699% 103.357
*TLK 40.04 (2960) vs 3010 (TLKM)*
IDR (Spot) 14,775
IDR (Bloomberg, 14/08/20/Fut, 04.25) 14,775

*IDX Range : 5,199 - 5,284*
*USD/IDR Range: 14,710 - 14,840*

 

 

D. STOCK WATCHLIST

INDF, EXCL, UNVR, MIKA, PGAS, ICBP, TLKM, AALI, GGRM, JSMR.

 

 


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