Indonesia Market Today - 2 October 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (02/10/2020). The combination of a stronger DJIA of + 0.13%, EIDO + 2.49% and rising commodity prices such as: Gold + 1.10% & CPO + 2.89% have the potential to be a positive sentiment driving the JCI to regain its strength in trading this Friday amid the attainment of the highest number of infected victims. and died as a result of Corvid19, where on Thursday there was an increase of around +4,174 people (up + 1.45%) infected with Corvid so that so far the victims infected by Corvid19 reached 291,182 people with the addition of deaths on Thursday as many as +116 people (up + 1.08%) so far the death toll has reached 10,856 people. (Fatality Rate of 3.73%) *.

Local Investors Make Stretching Broker Transactions of IDR 1,038 Trillion.

Based on data from KSEI, the number of investors in the capital market increased by 682,935 SIDs in the January-August 2020 period. Of these, the majority or 65.8% of them were young investors under 30 years of age. In total, KSEI recorded that the number of capital market investors consisting of investors in stocks, mutual funds, bonds and other securities as of 31 August 2020 was 3.13 SID or an increase of 26.27% from the position at the end of last year. For mutual fund investors, there was an increase of 37.91% to 2.44 million SID compared to the position at the end of 2019 of 1.77 million SID. Meanwhile, local investors now dominate the Indonesian capital market as much as 99.14% of the total investors while foreign investors are only 0.86%.

B. INDONESIA CORPORATE NEWS

1. PT Kalbe Farma (KLBF)

The company is ready to market a remdesivir product called Covifor in Indonesia. Utilizing its marketing and distribution network, KLBF distributes Covifor to all provinces in Indonesia starting today. Covifor (Remdesivir) Injection costs IDR 3 million per vial. For now, his party has agreed to supply a minimum of 200 thousand to 300 thousand units and does not impose a volume limit in the future.

2. PT Semen Indonesia (SMGR)

The company through its business units PT Semen Padang and PT Solusi Bangun Andalas supplies cement for the construction of the Trans Sumatra toll road. Cement supplied until September 2020 reached 1 million tons.

3. PT Adhi Karya (ADHI)

The company stated that it had received the payment for the six Jabodebek LRT worth Rp1.8 Trillion for Phase I of the Jabodebek LRT project work. The progress of the implementation of LRT infrastructure development Jabodebek Phase I has reached 77.3%. Details: Cross Services 1 - Cawang - Cibubur: 91.2%, Cross Services 2 - Cawang - Kuningan - Dukuh Atas: 73% and Cross Services 3 - Cawang - East Bekasi: 70.7%.

4. PT Indofood Sukses Makmur (INDF)

Indofood Agri Resources Ltd (Indo Agri), a subsidiary of INDF, is preparing to reorganize and merge its assets and business operations in Brazil. Currently, Indo Agri has two joint venture subsidiaries, namely Companhia Mineira de Açúcar e Álcool Participações (CMAA) and Canápolis Holding SA. Then, CMAA controlled two subsidiaries, namely Vale do Tijuco Açúcar e Álcool SA (UVT) and Vale do Pontal Açúcar e Etanol Ltda (UVP). In general, UVT and UVP have a business of cultivating and processing sugar cane for ethanol and sugar production. Currently, UVT and UVP operate one plant each in Minas Gerais, Brazil. The factories have a sugarcane crushing capacity of 4.5 million tons each 2.5 million tons per year. In addition, UVT and UVP also have 2,481 ha and 1,012 ha of private plantation land, respectively. Meanwhile, Canapolis Holding controls two subsidiaries, namely Canápolis Açúcar e Etanol SA (UCP) and Terra Forte Empreendimentos e Participações SA (Terra Forte). UCP owns a sugar factory in Minas Gerais, Brazil with a capacity of 1.8 million tons of sugarcane crushing per year, while Terra Forte controls 5,881 ha of privately owned plantation land. Thus, CMAA and Canapolis have a combined total capacity of a sugarcane crusher of 8.8 million tonnes per year and control 9,374 ha of plantation land.

C. MARKET STATISTICS

*DJIA +35.2 +0.13% 27816*
*NASDAQ +159 +1.42% 11326*
*GOLD +20.8 +1.10% 1911.70*
OIL -1.28 -3.21% 38.58
COAL (Okt/Newcastle) Unch 58.60
NICKEL -180 -1.24% 14317.5
TIN -12.5 -0.07% 17452.5
*CPO (Nov`) +80 +2.89% 2846*
*EIDO +0.43 +2.49% 17.70*
*TLK 18.45 (2737) vs 2750 (TLKM)*
US 10yr Unch 0.6770
INDO 10yr -0.0074 -0.10% 7.0306
INDO CDS (5yr) -4.854 -4.18% 111.324
IDR (Spot) 14,835

*IDX Range : 4,925 - 5,008*
*USD/IDR Range: 14,765 - 14,900*

D. STOCK WATCHLIST

JPFA, BBRI, BRPT, BBNI, GGRM, AALI, KLBF, LSIP, TLKM, CTRA.

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