Indonesia Market Today - 28 August 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (28/08/2020). The rebound in coal commodity prices by + 1.08%, accompanied by a strengthening of CPO prices + 1.32%, Tin + 1.04%, and an increase in the DJIA by + 0.57% have the potential to be the catalyst for the continued strengthening of the JCI in trading this Friday amid the achievement of an increase in the number of victims infected and killed as a result. Covid19, where on Thursday there was an increase of around +2,719 people infected with Covid19 so far the victims infected with Covid19 have reached 162,884 people with an additional death toll on Thursday of +120 people so far the death toll has reached 7,064 people, through 7,000 people died in a period of six month of Covid19 in Indonesia * (Fatality Rate of 4.33%)*.

B. INDONESIA CORPORATE NEWS

1. PT Aneka Tambang Tbk (ANTM)

Companies are still economical in realizing capital expenditure or capital expenditure (capex). As of half-time this year, the state-owned issuer has only absorbed a capex of IDR 265 billion. This value is equivalent to around 17.67% of this year`s allocation, IDR 1.5 trillion. This allocation is also a revised capex. Previously, ANTM had budgeted a capex of around Rp 33 trillion.

2. PP (Persero) Tbk (PTPP)

The company has succeeded in holding a new contract of IDR 10.05 trillion by July 2020. Until now, PTPP has obtained new contracts amounting to 40% of the total target set at IDR 25.53 trillion by the end of 2020. The details of the achievement of a new contract of IDR The 10.05 trillion consists of new main business contracts amounting to 87% and Subsidiaries 13%.

C. MARKET STATISTICS 

*DJIA +160.29 +0.57% 28492*
*NASDAQ -39.72 -0.34% 11625*
*GOLD -0.83% 1936.20*
OIL -0.85% 43.02
*COAL (Sep/Newcastle) +1.08% 51.30*
*NICKEL -0.35% 15142*
*TIN +1.04% 17757*
*CPO (Oct`) +1.32% 2680*
EIDO Unch 19.90
IDR (Spot) 14,660

*IDX Range : 5,307 - 5,436*
*USD/IDR Range: 14,590 - 14,730*

D. STOCK WATCHLIST

SMGR, BRIS, MYOR, ADRO, BBCA, CPIN, PTBA, MEDC, INCO, SIDO.

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