Indonesia Morning Market - 31 August 2020

A. INDONESIA MORNING MARKET REVIEW

Monday (31/08/2020). The increase in coal commodity prices by + 0.30%, accompanied by the strengthening of CPO prices + 2.32%, Gold + 2.19% and Tin + 0.37%, as well as an increase in the DJIA by + 0.57% has the potential to be the catalyst to drive JCI`s rebound in trading this Monday with limited strengthening, amid The achievement of an increase in the number of victims infected and killed due to Covid19, where on last week there was an increase of around +2,858 people infected with Covid19 so that so far the victims infected with Covid19 reached 172,053 people with an additional death toll on Sundays of 82 people so far the death toll has reached 7,343 people , * (Fatality Rate of 4.26%)*.

B. INDONESIA CORPORATE NEWS

1. PT AirAsia Indonesia Tbk (CMPP)

The company pocketed Rp 1.33 trillion in revenue during the first quarter of this year. This value is the same as operating income of Rp 1.33 trillion in the same period last year. Based on CMPP`s first quarter 2020 financial report released on Saturday (29/8), this airline company received revenue from passenger scheduled flights of IDR 1.11 trillion, then scheduled baggage flights of IDR 122.21 billion, and cargo income contributed IDR 29. 69 billion.

2. PT Asuransi Kresna Mitra Tbk (ASMI)

Over the past year the company managed to record an increase in gross premiums of 77.04% from IDR 343.36 billion in 2018 to IDR 607.87 billion in 2019. This gross premium income is dominated by the business segment. fires amounting to Rp 401.71 billion and the second largest contributor was the motor vehicle business segment with Rp 113.91 billion. For the year ended December 31, 2019, underwriting income reached IDR 175.17 billion, growing by 29.2% compared to the previous year. ASMI`s underwriting result rose 9.21% or to Rp 73.22 billion.

C. MARKET STATISTICS

*DJIA +161.6 +0.57% 28654*
*NASDAQ +70.3 +0.60% 11696*
*GOLD +2.19% 1974.90*
OIL -0.12% 42.97
*COAL (Sep/Newcastle) +0.30% 50.60*
*NICKEL +1.22% 15327*
*TIN +0.37% 17822*
*CPO (Oct`) +2.32% 2781*
EIDO Unch 20.24
IDR (Spot) 14,632

*IDX Range : 5,320 - 5,380*
*USD/IDR Range: 14,590 - 14,730*

D. STOCK WATCHLIST

ADRO, TINS, SMRA, WIKA, BBRI, WSBP, PWON, INTP, PTBA, CPIN.

DISCLAIMER ON
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