Indonesia Market Today - 1 October 2020

A. INDONESIA MORNING MARKET REVIEW

Thursday (01/10/2020). It took only 1 day for the DJIA to rebound by + 1.20% boosted by the catalyst of the hope that a new stimulus package will be approved as well as some encouraging US economic data including: rising ADP National employment data that surpassed analyst consensus & pending home sales which rose to an all-time high where The increase in the DJIA has the potential to be a positive sentiment for trading on the Indonesia Stock Exchange this Thursday. * Another positive sentiment came from the increase in the price of Oil, Nickel & Tin, which respectively increased by + 1.92%, + 0.29% & + 0.07% * amidst the attainment of the highest number of victims who were infected and died due to Corvid19, where on Wednesday there was an increase of around +4,284 people (up + 1.51%) are infected with Corvid so that so far the number of victims infected by Corvid19 has reached 287,008 people with an additional death toll on Wednesday as many as +139 people (up + 1.31%) so that so far the death toll has reached 10,740 people. (Fatality Rate of 3.74%) *.

B. INDONESIA CORPORATE NEWS

1. PT Kalbe Farma (KLBF)

The Company has signed a Marketing Cooperation Agreement with PT Amarox Pharma Global (a subsidiary of HETERO) on September 28, 2020. The Company and PT Amarox Pharma Global (APG), a subsidiary of HETERO India, agreed to implement a joint marketing and distribution agreement for drugs used in the management of COVID-19 patients in Indonesia, namely Covifor (Remdesivir) For Covid-19 Patients.

2. PT Bukit Asam (PTBA)

The Company recorded a decrease in profit for the current period attributable to the owners of the parent entity in the first semester of 2020 of around 35.85% to IDR 1.288 trillion compared to the same period last year which reached IDR 2.008 trillion. As a result of the Covid19 pandemic, the price of coal which has continued to decline during this year is also a challenge for the company. Based on data from the Ministry of Energy and Mineral Resources, the reference coal price (HBA) in the first half of 2020 fell by around 20% from USD 65.93 per tonne in January 2020 to USD 52.98 per tonne in June 2020. From the production side, PTBA capable of producing 12 million tons by June 2020 accompanied by the performance of coal transportation which has also shown a positive performance. During the first semester of this year, coal transportation capacity was recorded at 11.7 million tons. PTBA will make adjustments to coal production figures in 2020 after considering global market conditions amid the ongoing Covid-19 pandemic, from the initial target of 30.3 million tons to 25.1 million tons.

3. PT Modernland Realty (MDLN)

The company stated that the moratorium application plan and Notes restructuring application of USD150 million will mature in 2021 with a semi-annual interest period and the closest coupon payment date that has not been or is required to be paid on August 31, 2020 for its subsidiary in Singapore, namely JGC Ventures Pte. Ltd. As a result, the IDX decided to temporarily suspend PT Modernland Realty (MDLN, MDLN01BCN1) Securities Trading (stocks and bonds) in All Markets starting from the Second Stock Trading Session on September 30, 2020, until further Exchange announcements.

4. PT Wijaya Karya (WIKA)

The company was appointed by the National Hosting Authority Represent of Solomon Island Government to build a Multi Purpose Sport Complex in the Solomon Islands with a contract for the construction of sports facilities reaching IDR112 billion.

5. PT Sepatu Bata (BATA)

During the first semester of 2020, net sales fell by 53.91% to Rp 230.92 billion compared to the same period last year. In details, BATA`s export sales in the first semester of 2020 fell 23.67% yoy to Rp 2.55 billion from Rp 1.94 billion in the first semester of 2019. A deeper decline was found in domestic sales, which fell by 54.07% to Rp 228.97 billion in the first half of 2020. Previously, BATA`s domestic sales reached Rp 498.53 billion in the first semester of 2019. Meanwhile, BATA posted a net loss of Rp. IDR 74.49 billion in the first semester of 2020 compared to the same period in 2019 the company posted a net profit of IDR 23.49 billion.

6. PT Mas Murni Indonesia (MAMI)

Until the first semester of 2020, the company recorded a net profit of IDR 43.07 million, or decreased by 98.56% compared to the same period in 2019 of IDR 3.00 billion. Meanwhile, recorded total revenue in the first semester of 2020 of IDR 52.44 billion, or a decrease of 41.23% compared to the same period in 2019 of IDR 89.23 billion.

C. MARKET STATISTICS

*DJIA +329 +1.20% 27781*
*NASDAQ -32.28 -0.29% 11085*
GOLD -12.1 -0.63% 1890.9
*OIL +0.75 +1.92% 39.86*
COAL (Okt/Newcastle) -0.05 -0.09% 58.60
*NICKEL +42.5 +0.29% 14497.5*
*TIN +12.5 +0.07% 17465*
CPO (Nov`) -35 -1.22% 2830
EIDO -0.01 -0.09% 17.27
*TLK 17.37 (2585) vs 2560 (TLKM)*
US 10yr +0.0320 +4.96% 0.6770
INDO 10yr -0.0032 -0.05% 7.0380
INDO CDS (5yr) -0.656 -0.561% 116.178
IDR (Spot) 14,880

*IDX Range : 4,829 - 4,911*
*USD/IDR Range: 14,810 - 14,950*

D. STOCK WATCHLIST

BRPT, AALI, KLBF, MBAP, UNVR, INDF, LSIP, UNTR, JPFA, GGRM.

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