Indonesia Morning Market - 18 August 2020
A. INDONESIA MORNING MARKET REVIEW
Tuesday (18/08/2020). When the Indonesian market is off to commemorate Independence Day, the combination of strengthening EIDO by + 1.45% with increases in several commodity prices such as: Oil + 1.11%, Coal + 0.99%, Gold + 1.54% & Nickel + 4.15%, then * has the potential to push up the JCI * in This Tuesday trade accompanied by positive sentiment from several pharmaceutical companies began to show hope that the Covid19 vaccine would soon be patented amidst the highest number of victims infected and killed due to Corvid19, where for 4 days (Friday to Monday) there were around +8,554 people infected with Corvid * so far The number of victims infected with Corvid19 reached 141,370 people (far from being successful in leaving China, suspected to be the country of origin of the Corona Virus) with the addition of the death toll for 4 days as many as +239 people so far the death toll has reached 6,207 people, leading to 7,000 people killed in time. nearby (Fatality Rate of 4.39%) *.
Good News from Unair, Three Combinations of Covid-19 Antidotes Just Waiting for BPOM Permit.
The Chancellor of Universitas Airlangga (Unair) -Surabaya, said that the three combinations of antidotes for Covid-19 were only a matter of waiting for permission from BPOM to be mass produced. The plan is that, Wednesday (19/8/2020) there will be a meeting with BPOM to explain various issues clearly and in detail. There are 3 combinations namely Lopinavir / Ritonavir and Azithromycin, Lopinavir / Ritonavir and Doxycycline, as well as Hydrochloroquine and Azithromyci.
B. INDONESIA CORPORATE NEWS
1. PT Prodia Widyahusada (PRDA)
During semester 1/2020, the company posted revenues of up to Rp. 657.29 billion or a decrease of 17.75% compared to the same period in 2019 of Rp. 799.09 billion. As a result of the decline in income, the company posted a loss for the year of up to Rp 12.01 billion, even though in the same period in 2019, the company recorded a profit of Rp 81.69 billion.
2. PT Bekasi Fajar Industrial Estate (BEST)
The company experienced a decline in profit of around 10.04% throughout 2019 to Rp380.17 billion compared to the previous year`s profit achievement of Rp422.61 billion. The reason is that the decline in the company`s profits was influenced by the weakening of revenue by 1.27% to IDR 950.54 billion throughout 2019 from the previous year of IDR 962.80 billion. In the midst of the pandemic, the company has revised its sales target for 2020 to only 10 hectares (Ha) from previously around 15 hectares.
3. PT Acset Indonusa (ACSET)
The company has received an effective statement regarding the plan to increase capital through LPO II with HMETD or Rights Issue from OJK. The company offers 5,725,160,000 new shares with an exercise price of Rp262, - per share. Through this price, the Company targets to receive a total fund of IDR 1.5 trillion in the implementation of LPO II.
4. PT PP (PTPP)
The company is currently building the Manikin Dam project on the Manikin River - Kuaklalo Village and Bokong Village in Taebenu District, Kupang, NTT. This development project was carried out by PTPP by forming a KSO with ASHFRI and Minarta. This dam project has a contract value of Rp. 905 billion, with the portion being worked on by PTPP of Rp. 656 billion. The construction work for the Manikin Dam will take 4 years, and is targeted to be completed by the end of 2022 with a project maintenance period of one year.
C. MARKET STATISTICS
(Aug 14 & 17, 2020)
DJIA -52 -0.19% 27844
*NASDAQ +87 +0.79% 11129*
*GOLD +30.3 +1.54% 1993.70!*
*OIL +0.47 +1.11% 42.81*
*COAL (Sep/Newcastle) +0.50 +0.99% 51*
*NICKEL +582.5 +4.15% 14622.5!!*
TIN -82.5 -0.47% 17455
CPO (Sep`20) -25 -0.88% 2775
*EIDO +0.28 +1.45% 19.62*
US 10yr -0.0033 -4.61% 0.6830
INDO 10yr -0.0073 -0.1% 6.9493
INDO CDS (5yr) +1.567 +1.52% 104.924
*TLK 40.76 (3015) vs 3030 (TLKM)*
IDR (Spot) 14,795
IDR (Bloomberg, 18/08/20/Fut, 04.45) 14,795
*IDX Range : 5,205 - 5,290*
*USD/IDR Range: 14,710 - 14,850*
D. STOCK WATCHLIST
GGRM, INDF, RALS, TLKM, BBRI, AALI, TBIG, CPIN, INCO, SMBR.
GFS ASIA TEAM
- just now