Indonesia Market Today - 10 November 2020
A. INDONESIA MORNING MARKET REVIEW
Tuesday (10/11/2020). The DJIA`s sharp increase of + 2.95% was impacted by test data from Pfizer and BioNTech which showed that their Covid-19 vaccine was more than 90% effective * potentially pushing the JCI to "land again" at the level of 5400 this Tuesday *. Positive sentiment driving the JCI strengthening also came from the increase in EIDO by + 3.67% as well as the increase in commodity prices such as: Oil + 6.75%, Nickel + 2.83%, Coal + 0.65% & CPO + 1.58% so that it has the potential to push up stocks under these commodities. On the other hand, * should be aware of the selling action of gold commodity-based stocks following the sharp drop in gold prices overnight of -4.41% *.
18 Companies will `Listing` on the IDX in the fourth quarter
The latest IDX data states, as many as 18 companies from various sectors plan to list their shares in the fourth quarter of 2020. In addition, there are 10 bond and sukuk issuances that will be issued by 9 companies. The details:, the 18 companies came from 7 sectors including 7 companies from the Trade, Service and Investment sectors, 3 Property, Real Estate and Building Construction companies, 2 Consumer Goods Industry companies. Then 2 companies from Miscellaneous Industry, 2 Agriculture companies, 1 Infrastructure company, Utilities and Transportation and finally 1 Finance company.
The consumer confidence index fell again in October 2020
After declining in September 2020, consumer confidence declined again in October 2020. This can be seen from the Consumer Confidence Index (IKK) in the reporting month which was 79.0 or down from the CCI in September 2020 which was 83.4.
B. INDONESIA CORPORATE NEWS
1. PT Pakuwon Jati (PWON)
Until the end of quarter 3/2020, * the company posted a profit for the period attributable to the owner of the parent company of IDR 600.69 billion or a decrease of 72% yoy * compared to the same period in 2019 of IDR 2.15 trillion. Furthermore, until the end of quarter 3/2020, the company posted a decrease in revenue of 41.87% yoy to IDR 3.04 trillion compared to the same period in 2019 of IDR 5.24 trillion.
2. PT Sarimelati Kencana (PZZA)
Until the end of quarter 3/2020, the company posted a sales decline of 9.31% YoY to IDR2.66 trillion. As a result, until the end of quarter 3/2020, * the company posted a loss for the current period of IDR8.63 billion or a sharp drop of -105.78% * because the same period in 2019 the company still recorded a profit for the current period of IDR 149.24 billion.
3. PT Electronic City Indonesia (ECII)
Until the 3rd quarter of 2020, * the company posted a current year`s loss of IDR 24.37 billion, or a very sharp drop of -192% * compared to the same period in 2019 which still recorded a profit for the year of IDR 26.5 billion. This is because until the 3rd quarter of 2020, the company posted net income of IDR1.097 trillion or decreased by 29.81% compared to the same period in 2019 of IDR1.563 trillion.
C. MARKET STATISTICS
*DJIA +834.57 +2.95% 29157!!*
NASDAQ -181.45 -1.53% 11713
GOLD -86 -4.41% 1865.5
*OIL +2.53 +6.75% 40.02!!*
*COAL (Nov/Newcastle) +0.40 +0.65% 62.05*
*NICKEL +450 +2.93% 15790!!*
TIN -45 -0.25% 18317.5
*CPO (Dec`) +53 +1.58% 3405!!*
*EIDO +0.12 +0.59% 20.44*
*TLK 20.49 (2872) vs 2880 (TLKM)*
*US 10yr +0.1380 +16.83% 0.9580!!*
*INDO 10yr -0.0721 -1.08% 6.6316*
*INDO CDS (5 yrs) -6.267 -7.51% 71.182!!!*
*IDR (Spot) 14,065*
*IDX Range : 5,319 - 5,405*
*USD/IDR Range: 14,010 - 14,140*
D. STOCK WATCHLIST
BBNI, ANTM, ERAA, SMRA, TINS, JPFA, INCO, TOWR, ADHI, PGAS.
GFS ASIA TEAM
- just now