Indonesia Market Today - 11 September 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (11/09/2020). Selling pressure on the JCI is likely to continue in trading this Friday, after * Thursday, the JCI fell -5.01% just because the Governor of DKI Anies Baswedan will implement a half-lockdown alias PSBB on Monday, September 14 *, referring to the combination of the fall of the DJIA -1.45% , EIDO -8.38% as well as the decline in several commodity prices such as: Oil -2.06%, Nickel -0.85% & Tin -0.60% but there is something interesting to note that there is 1 commodity that actually experienced an increase, namely Coal strengthened + 2.50% * amidst the achievement The highest number of victims who were infected and died due to Corvid19, where on Thursday there was an increase of around +3,861 people (up + 1.90% and if the pattern of infection is still like this then * it is estimated that there will be 500,000 people infected with Covid in December 2020 *) infected with Corvid * So far, the number of victims infected by Corvid19 has reached 207,203, with the addition of the death toll on Thursday of +120 people (up + 1.44%) so far the number of victims killed has reached 8,456 people, towards 10,000 people killed in the near future (Fatality Rate of 4.08%) *.

B. INDONESIA CORPORATE NEWS

1. PT Global Mediacom (BMTR)

The company plans to increase capital through a scheme without pre-emptive rights (PMTHMETD) or a private placement of IDR 154 billion. The company will issue 549.48 million new shares with a nominal value of Rp100 per share. The private placement is scheduled for September 17, 2020 and the results of the implementation will be announced on September 21, 2020. With the implementation price of IDR282, BMTR will raise IDR154.95 billion in funds through this corporate action.

2. PT Surya Citra Media (SCMA)

The company plans to buy back the company`s shares with a budget of up to IDR 500 billion. SCMA Previously, on July 31, 2020, there were buy backs totaling 619,435,700 shares or 4.193 percent of the paid-up capital in the Company with a total repurchase cost of around Rp.583.9 billion.

3. PT Waskita Karya (WSKT)

The company is optimistic that the divestment plan for a number of toll roads owned by the company will be carried out. With the divestment, WSKT is projecting to receive funds of Rp. 5.3 trillion. In addition to completing the divestment process for five of its toll roads this year (Cibitung-Cilincing, Bekasi-Cawang-Kampung Melayu (Becakayu), and three segments through an asset swap scheme with Taspen and SMI), WSKT is also seeking to divest two segments in Trans Java. Both are Kanci-Pejagan and Pejagan-Pemalang.

4. PT Prodia Widyahusada (PRDA)

The Company continues to expand the capacity of the SARS-CoV-2 RNA (RT-PCR COVID-19) examination by using the fully automated Cobas 6800 tool.With the addition of Cobas 6800 at Prodia`s National Reference Center (PRN) Laboratory in Jakarta, the number of RT-PCR COVID-19 tests 19 can be increased to close to 2,000 tests / day, including the availability of RT-PCR COVID-19 tests in three regional reference laboratories of Prodia, which use an automatic medium.

5. PT Pelayaran Tamarin Samudra (TAMU)

The company signed a ship charter contract extension agreement with PT Pertamina Hulu Energi OSES. The maximum contract value in carrying out the work is IDR 281.73 billion. The contract extension period is from September 8, 2020 to March 14, 2021.

C. MARKET STATISTICS

DJIA -405.89 -1.45% 27534
NASDAQ -221.97 -1.99% 10919
*GOLD Unch 1954.90*
OIL -0.78 -2.06% 37.00
*COAL (Okt/Newcastle) +1.30 +2.50% 53.20*
NICKEL -127.5 -0.85% 14800
TIN -107.50 -0.60% 17952.50
*CPO (Nov`) Unch 2812*
EIDO -1.59 -8.38% 17.38
*TLK 18.17 (2700) vs 2700 (TLKM)*
US 10yr -0.0180 -2.56% 0.6850
INDO 10yr +0.0210 +0.29% 7.0541
INDO CDS (5yr) +1.785 +1.968% 92.467
IDR (Spot) 14,855

*IDX Range : 4,850 - 4,033*
*USD/IDR Range: 14,775 - 14,910*

D. STOCK WATCHLIST

BBRI, ICBP, BBNI, GGRM, JPFA, UNVR, INDF, TLKM, KLBF, MYOR.

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