Indonesia Market Today - 19 October 2020

A. INDONESIA MORNING MARKET REVIEW

Monday (19/10/2020). JCI again strengthened in the second week by + 0.98% accompanied by a smaller Net Sell of Foreign Investors by Rp -591.74 billion compared to previous weeks. At the beginning of this week, Monday, * there is a chance for JCI to strengthen * as the DJIA strengthens by + 0.39% driven by data on US retail sales increasing again in September 2020 at the fastest pace in the last three months. Positive sentiment for the JCI also came from the strengthening of EIDO + 0.11% as well as the increase in several commodity prices such as: Coal + 1.95%, Nickel + 1.7% & CPO + 0.11% so that it has the potential to push up stocks under these commodities.

IDX Extends Deadline for Issuer Financial Report Submission.

The relaxation provided by the IDX is an extension of the deadline for submission of annual financial reports, annual reports, and first quarter financial reports for listed companies and issuers through SPE-IDXnet, which is 2 months from the deadline for report submission as referred to in stock exchange regulations. Another relaxation provided by the IDX is the extension of the deadline for submission of semi-annual financial reports and third quarter financial reports for listed companies and issuers through SPE-IDXnet, which is 1 month from the deadline for report submission as referred to in the Exchange Regulations.

B. INDONESIA CORPORATE NEWS

1. PT Bumi Serpong Damai (BSDE)

The company has realized IDR 4.7 trillion during the quarter 3/2020 or 65% of the pre-sale target set by the company this year of IDR 7.2 trillion. The BSDE marketing sales details consist of several segments. The commercial segment recorded the highest marketing sales of IDR 1.6 trillion or 34% of the total pre-sales revenue in the January - September 2020 period. In the commercial segment, there are sales of commercial land in BSD City worth IDR 624.68 billion, apartment sales worth IDR 346.35 billion. , and sales of shop houses worth IDR637.58 billion.

2. PT Lautan Luas (LTLS)

the reason for purchasing the initial shares at PT Unggul Indah Cahaya Tbk. (UNIC) as many as 19,011,490 shares from the public on 9 and 12 October 2020 or the equivalent of a total transaction of IDR 89.35 billion, so that LTLS `ownership of UNIC currently becomes 4.9% because this transaction is part of the strategic business direction. where UNIC is also engaged in the chemical sector which produces chemicals for the consumer product industry.

3. PT Himalaya Energi Perkasa (HADE)

On October 12, the Directorate of Investigation at the Deputy Attorney General for Special Crimes at the Attorney General`s Office * (AGO) named a new suspect in the investigation of the corruption case against Jiwasraya, namely Piter Rasiman (PR), President Director of HADE or previously known as PT HD Capital *. The AGO explained that the alleged involvement of PR was that the suspect made the company to use the investment arrangement made by the defendants using money originating from Jiwasraya.

C. MARKET STATISTICS

*DJIA +112.11 +0.39% 28606*
NASDAQ -42.31 -0.36% 11671
GOLD -6 -0.31% 1902.90
OIL -0.18 -0.44% 40.78
*COAL (Nov/Newcastle) +1.10 +1.95% 57.50!!*
*NICKEL +262.5 +1.7% 15675*
TIN -12.5 -0.07% 18340
*CPO (Dec`) +6 +0.20% 2920*
*EIDO +0.02 +0.11% 18.36*
*TLK 18.85 (2770) vs 2750 (TLKM)*
US 10yr +0.0130 +1.78% 0.7440
*INDO 10yr -0.0199 -0.28% 6.9700*
*INDO CDS (5yr) -3.331 -3.339% 94.814*
IDR (Spot) 14,700

*IDX Range : 5,054 - 5,138*
*USD/IDR Range: 14,640 - 14,770*

D. STOCK WATCHLIST

ADRO, TBIG, SMRA, MBAP, ASII, INTP, WSKT, CTRA, BBNI, GGRM.

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