Indonesia Market Today - 17 September 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (17/09/2020). The increase in commodity prices for Oil by + 4.94% and Coal + 3.51% has the potential to push up commodity-based stock prices including: * MEDC, ELSA, MBAP, ADRO, ITMG, PTBA, HRUM, UNTR * in trading this Thursday, in addition to that an increase in the price of Timah + 0.16% and Gold + 0.08% also has the potential to push up shares under these commodities, which if combined with the increase in DJIA by + 0.13% has the potential to become a positive sentiment for trading this Thursday amid the achievement of the highest number of victims who were infected and died from Corvid19. , where on Wednesday there was an increase of around +3,963 people (an increase of + 1.76% 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 that so far the victims infected with Corvid19 have reached 228,993 people with the addition of the death toll on Wednesday was +135 (up + 1.51%) so that so far the death toll has reached 9,100 people, towards the 10,000 people killed in the near future (Fatality Rate of 3.97%) *.

Government Implements IMEI Control for CEIR Based Telecommunication Devices.

The government imposes control of International Mobile Equipment Identity (IMEI) for telecommunication devices such as mobile phones, handheld computers and tablet computers (HKT) in accordance with the Regulation of the Minister of Communication and Information Technology No.1 of 2020 concerning Control of Telecommunication Tools and / or Equipment Connected to Cellular Mobile Networks through IMEI, starting Tuesday, 15 September 2020 at 22.00 WIB.

The rate of bank credit is still showing a negative trend

Throughout the first semester of 2020, OJK noted that credit only grew 2.37% ytd, from Rp. 3,094 trillion at the end of 2019 to Rp. 3,168 trillion in June 2020. * PT Bank Central Asia (BBCA) * until July has disbursed loans of Rp. trillion with a growth that fell to 1.8% (ytd) compared to last year`s Rp 588.25 trillion. * PT Bank Mandiri (BMRI) * until July 2020 has disbursed loans of IDR 756.18 trillion, the growth is down 4.5% (ytd) from the end of last year worth IDR 792.35 trillion. Until July 2020, even though it was still mini * PT Bank Rakyat Indonesia (BBRI) * had recorded an increase in credit growth of + 0.3% (ytd), from Rp 859.57 trillion at the end of last year to Rp 862.91 trillion.

B. INDONESIA CORPORATE NEWS

1. PT J Resources Asia Pasifik (PSAB)

The company said the Doup gold mine project (gold potential that can be mined by 1.5 million troi ounces where the company has the opportunity to produce around 60,000 troi ounces to 70,000 troi ounces of gold from the mine each year) is still going according to plan. Currently, the project is in the land acquisition phase, the appointment of a factory detail design consultant, and the appointment of a contractor for construction work. The company is still setting the schedule for the completion of the Doup gold mine project in the next semester II-2021. In addition, the investment value for the gold mining project is still according to the original plan, which is around US $ 125 million to US $ 150 million.

2. PT Indocement Tunggal Prakarsa (INTP)

The company recorded a decrease in cement sales from January to August 2020 of 10.71%, where the total cement sales of INTP until August 2020 reached 10 million tons, lower than the achievement of the same period in 2019 of 11.2 million tons. Throughout August 2020 alone, INTP recorded sales of 1.5 million tons, with the largest sales contribution in the Jabodetabek and West Java areas, a slight difference from the acquisition in August 2019 of 1.6 million tons.

3. PT Adhi Karya (ADHI)

The company said that it would allocate Rp511 billion for the Solo-Yogyakarta-NYIA Kulon Progo toll road project. On the other hand, this year ADHIZ obtained a non-toll road investment project, namely the East Sumatra Highway Preservation in South Sumatra worth IDR982 billion.

4. PT PP (PTPP)

The company will immediately complete the construction of the Istora Papua project, whose progress has reached 98%. Istora Papua was built in August 2019 and has an area of 7,740 square meters where currently, this venue is the largest Istora in Indonesia, more than Istora Gelora Bung Karno which is located in Jakarta. The project, which has a contract value of Rp. 278 billion, was undertaken with an implementation period of 23 months.

5. PT Perusahaan Gas Negara (PGAS)

The company has made efficiency by reducing the cost of the Rokan Block Oil pipeline project. Previously, the funds budgeted for this pipeline project were around USD450 million to USD300 million or a reduction in costs of around -33.33%, equivalent to USD150 million. This cost efficiency is obtained from the optimization of the Final Investment Decision (FID) determination stage and the procurement process.

C. MARKET STATISTICS

*DJIA +36.78 +0.13% 28032*
NASDAQ -139.8 -1.25% 11050
*GOLD +1.6 +0.08% 1967.90*
*OIL +1.89 +4.94% 40.17*
*COAL (Okt/Newcastle) +1.90 +3.51% 56.00*
NICKEL -37.50 -0.25% 15207.50
*TIN +30 +0.16% 18235*
CPO (Nov`) Closed 2941
EIDO -0.29 -1.57% 18.16
*TLK 18.86 (2800) vs 2790 (TLKM)*
US 10yr +0.008 +1.18% 0.6870
INDO 10yr -0.038 -0.20% 7.0368
*INDO CDS (5yr) -0.907 -0.99% 90.704*
IDR (Spot) 14,835

*IDX Range : 5,013 - 5,097*
*USD/IDR Range: 14,760 - 14,900*

D. STOCK WATCHLIST

UNTR, ERAA, HRUM, JPFA, MBAP, MIKA, AKRA, BRPT, ICBP, SSIA.

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