Indonesia Market Today - 18 September 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (18/09/2020). The opportunity for JCI to weaken is limited this Friday is still wide open due to the decline in DJIA by -0.47%, EIDO -0.06 and the decline in several prices such as: Gold -0.83%, Nickel -0.66% & Timah -0.88%. On the other hand, * stocks based on Oil (MEDC, ELSA), Coal (MBAP, ADRO, ITMG, HRUM, ITMG) & CPO (AALI, LSIP, SIMP) have the opportunity to strengthen * following the increase in commodity prices respectively by + 1.99%, + 0.89% & + 1.87% amidst the achievement of the highest number of victims infected and killed due to Corvid19, where on Thursday there was an increase of around +3,635 people (an increase of + 1.59% and if the pattern of infection is still like this * it is estimated that there will be 500,000 people infected with Covid in in December 2020 *) infected with Corvid * so far, the number of victims infected with Corvid19 has reached 232,628 people with an additional death toll on Thursday of +122 people (up + 1.51%) so that so far the death toll has reached 9,222 people, to 10,000 people killed in time near this (Fatality Rate of 3.96%) *.

B. INDONESIA CORPORATE NEWS

1. PT Garudafood Putra Putri Jaya (GOOD)

The company plans to take over some of the shares of PT Mulia Boga Raya Tbk. (KEJU) from its individual owners namely Lie Po Fung, Sandjaya Rusli, Berliando Lumban Toruan, Agustini Muara, Marcello Rivelino and Amelia Fransisca with an estimated purchase of 825 million units of shares or the equivalent of 55% of all shares issued by KEJU, so that if completed it will resulting in changes in shareholders, controllers in the company. Referring to the KEJU market price at the market close on Thursday (17/9/2020) at the level of IDR 1,220, the purchase value of GOOD shares for 825 million units of KEJU shares is IDR1 trillion.

2. PT PP (PTPP)

The company stated that it had obtained a new contract until August of Rp. 11.24 trillion. Achievement of a new contract of Rp. 11.24 trillion consists of the new parent company contracts 84% and Subsidiaries 16%. Some of the projects that have been achieved by the Company up to August 2020 include: RDMP JO of IDR 1.80 trillion, Pekanbaru SPAM IDR 1.26 trillion, Bogor Apartment IDR 1.17 trillion, Mandalika Circuit IDR 817 billion, Banten Sport Center IDR794 billion, SGAR Alumina Rp. 660 billion, Regular RDMP Rp. 576 billion, Jalan Kendari Toronipa Rp. 412 billion, Muara Bakah Pipeline & Refinery Rp. 290 billion, Dual Fuel Power Plant Freeport 80 MW Rp. 261 billion, PLBN Long Nawang Rp. 204 billion.

3. PT Astra International (ASII)

The company is still following Gaikindo`s projection, which predicts total national car sales of around 600,000 units this year. or down 40%. Therefore, the car sales growth of the Astra Group is projected to decline by around 40% -45% by the end of the year. As of August 2020, ASII car sales amounted to 166,418 units or decreased by 51.7% compared to the same period in 2019 which reached 344,581 units.

4. PT Indonesia Vehicle Terminal (IPCC)

The company reported a decrease in CBU vehicle exports through the company terminal. The number of CBU vehicles exported was 13,844 units as of August 2020, down 61.39% from 35,857 units in the same period in 2019. The total CBU vehicles exported through the IPCC International Terminal reached 133,644 units or decreased -32.98% compared to the same period in 2019 of 199,400 units.

5. PT Metro Healthcare Indonesia (CARE)

The company is optimistic that it will record profits throughout 2020, referring to the brilliant achievements in the first semester of this year where during the first semester of 2020, the company posted an increase in revenue of 139.33% to Rp104.36 billion. Furthermore, during semester 1/2020, the company succeeded in reversing its loss position in 2019 of IDR 14.02 billion into a profit of IDR 6.27 billion.

6. PT Pratama Widya (PTPW)

Until early September 2020, the company managed to get a new contract worth IDR 141.13 billion or reached 86% of this year`s new contract target of IDR 164 billion. The majority of contracts as much as 70.4% came from infrastructure projects that continued to work during the Covid-19 pandemic. Furthermore, the company this year budgeted a capex of IDR 103.76 billion. For 2020, the company targets revenue in the range of Rp 185 billion with a net profit of over 20%.

C. MARKET STATISTICS

DJIA -130.4 -0.47% 27901
NASDAQ -140.1 -1.27% 10910
GOLD -16.4 -0.83% 1951.50
*OIL +0.80 +1.99% 40.97*
*COAL (Okt/Newcastle) +0.50 +0.89% 56.50*
NICKEL -100 -0.66% 15107.50
TIN -160 -0.88% 18075
*CPO (Nov`) +55 +1.87% 2996*
EIDO -0.01 -0.06% 18.15
*TLK 19.07 (2830) vs 2820 (TLKM)*
US 10yr -0.003 -0.44% 0.6840
INDO 10yr +0.0058 +0.08% 7.0468
INDO CDS (5yr) +2.488 +2.793% 93.191
IDR (Spot) 14,832.5

*IDX Range : 4,989 - 5,073*
*USD/IDR Range: 14,750 - 14,890*

D. STOCK WATCHLIST

ERAA, JPFA, MBAP, MIKA, SSIA, BSDE, LSIP, TLKM, ASII, UNVR.

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