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Indonesia Morning Market - 19 August 2020

A. INDONESIA MORNING MARKET REVIEW

Wednesday (19/08/2020). The combination of improving Indonesia`s balance of payments data as well as an increase in EIDO by + 0.61% and continued strengthening of several commodity prices such as: Gold + 0.83%, Nickel + 0.75% & Timah + 1% have the opportunity to be a catalyst for JCI to regain its strength in trading this Wednesday amidst the number of achievements. The highest number of victims infected and killed due to Corvid19, where on Tuesday there were around +1,673 people infected with Corvid * so that so far the victims infected with Corvid19 reached 143,043 people (far success left China, suspected to be the country of origin of the Corona Virus) with the addition of the death toll in On Tuesday there were +70 people so the death toll has reached 6.270 so far, leading to 7,000 dead in the near future (Fatality Rate of 4.39%) *.

 

Second Quarter of 2020 Indonesia`s Balance of Payments has a surplus of USD9.2 billion.

Indonesia`s Balance of Payments (BOP) in the second quarter of 2020 experienced a surplus of up to USD9.2 billion, after a deficit of USD8.5 billion in the previous quarter. The improvement in the balance of payments performance is supported by a decrease in the current account deficit and a large surplus in the capital and financial account.

 

 

B. INDONESIA CORPORATE NEWS

1. PT Wijaya Karya Beton (WTON)

Until Semester I-2020, the company posted a net profit of Rp. 36.64 billion or a decrease of 76.31% from the net profit for the same period in 2019 of Rp. 165.34 billion. In addition, until the end of semester 1/2020, the company posted a 29.15% decrease in operating revenue to IDR 1.86 trillion compared to the same period in 2019 of IDR 2.63 trillion.

 

2. PT Semen Baturaja (SMBR)

The company has signed a syndicated loan agreement number 28 on August 13, 2020 with a value of IDR 1.7 trillion. The syndicated loan value is IDR 1.7 trillion with a period of 132 months since the signing of the loan agreement with an interest rate of 9.45 percent per year. Until now, the portion of the bank`s commitment that has entered is IDR 1.22 trillion, with each BNI portion of IDR 950 billion, BJB IDR 100 billion, BSB IDR 70 billion, Bank Maluk IDR 50 billion and Bank Bengkulu IDR 50 billion.

 

3. PT Catur Sentosa Adiprana (CSAP)

The company targets to open at least two more outlets in the second semester of 2020. The funds needed to open one outlet are around Rp100 billion. By only opening one Mitra10 outlet in Lombok, CSAP`s capex absorption is still minimal, namely Rp. 150 billion from the funds prepared of Rp. 697 billion. During the first semester of 2020, sales increased by 3.21% to Rp 5.78 trillion compared to the same period in 2019 of Rp 5.60 trillion. The sale of out-of-purchase items was still the largest contributor, amounting to Rp 5.46 trillion. Meanwhile, the consignment line contributed Rp 321.15 billion. Meanwhile, until the end of semester 1/2020, net profit attributable to the owners of the parent entity increased 77.89% to Rp 31.38 billion from Rp 17.64 billion. The company continues to set a revenue target of Rp 13 trillion and the minimum net profit is Rp 60 billion in 2020.

 

 

C. MARKET STATISTICS

DJIA -66.84 -0.24% 27778
*NASDAQ +81.12 +0.73% 11210*
*GOLD +16.6 +0.83% 2010.3!*
OIL -0.26 -0.61% 42.55
COAL (Sep/Newcastle) -0.30 -0.59% 50.70
*NICKEL +110 +0.75% 14732.50*
*TIN +175 +1% 17630
*CPO (Sep`20) +39 +1.41% 2813*
*EIDO +0.12 +0.61% 19.74*
US 10yr -0.0140 -2.05% 0.6690
INDO 10yr +0.0133 +0.19% 6.9626
INDO CDS (5yr) -1.379 -1.314% 103.544
*TLK 40.62 (3015) vs 3050 (TLKM)*
IDR (Spot) 14,845
IDR (Bloomberg, 19/08/20/Fut, 04.35) 14,845

*IDX Range : 5,250 - 5,335*
*USD/IDR Range: 14,770 - 14,910*

 

 

D. STOCK WATCHLIST

MBAP, GGRM, BBRI, WIKA, CTRA, BBNI, BSDE, UNTR, CPIN, PGAS.

 

 

 

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