Indonesia Market Today - 14 November 2020

A. INDONESIA MORNING MARKET REVIEW

Wednesday (04/11/2020). I expect the party on the IDX to continue this Wednesday *, following a sharp increase from the IDX of + 2.06% accompanied by a strengthening of EIDO by + 1.98%. It does not stop there, the strengthening of the JCI this Wednesday was also driven by rising commodity prices such as: Oil + 2.16%, Coal + 1.08%, Gold + 0.60%, Nickel + 0.84%, Timah + 1.40% & CPO + 2.69% so that it has the potential to push it up. shares under that commodity.

The Ministry of Finance is optimistic that Indonesia`s economic growth in the fourth quarter of 2020 can be positive.

The Ministry of Finance is optimistic that the distribution of the National Economic Recovery (PEN) program can be distributed up to 100% by the end of December 2020. This is driven by several sectors such as the social protection program which has reached 82% by October 2020.

B. INDONESIA CORPORATE NEWS

1. PT MNC Investama (BHIT)

The company plans to buy back (buyback) shares worth IDR675 billion. The company will buy back shares for 3 months, starting from November 2 to February 2021.

2. PT Sarana Menara Nusantara (TOWR)

Until the end of quarter 3/2020, the company posted an increase in revenue of 19.3% yoy, to IDR 5.55 trillion compared to the 2019 Sams period of IDR 4.65 trillion. In fact, * TOWR`s net profit until the end of quarter 3/2020 grew higher, namely 19.5% yoy to Rp 1.9 trillion * from Rp 1.59 trillion in the same period in 2019. The increase in revenue and net profit was in line with There are additional 5,269 leases and 12,244 kilometers of fiber optic leases. All leases obtained are valid for long-term contracts.

3. PT Indosat (ISAT)

Until the end of quarter 3/2020, the company posted revenues of IDR 20.59 trillion, up 9.2% yoy. The biggest contributor to ISAT`s revenue came from the cellular business line, amounting to Rp 17.03 trillion or an increase of 12.9% YoY due to the increase in data revenue. This was followed by the multimedia, internet & data (MIDI) business line of Rp 3.16 trillion, a decrease of 2.5% yoy due to lower revenue from internet and IT services. Then the telecommunications line remained at Rp. 395.5 billion, or decreased by 24% due to lower incoming traffic. Unfortunately, until the end of quarter 3/2020, * the company still recorded a loss for the current period attributable to the owner of the parent company of IDR 457.5 billion, + 60.75% * higher than the loss for the same period last year of IDR 284.6 billion.

4. PT Adaro Energy (ADRO)

Until the end of quarter 3/2020, the company experienced a decline in revenue by 26% (yoy) to US $ 1.95 billion. This result was due to ASP prices which fell 18% on an annual basis. ADRO coal production reached 41.10 million tonnes in the third quarter of 2020 or decreased 7% yoy. Likewise, ADRO`s coal sales volume fell 9% to 40.76 million tonnes in the same period. As a result, until the third quarter of 2020, * net profit for the period attributable to the owner of the parent company ADRO fell 73.06% yoy * to US $ 109.37 million.

5. PT Wijaya Karya (WIKA)

The company booked new contracts worth IDR6.84 trillion as of September 2020. With this achievement, WIKA has only realized about 32% of the new contract target in 2020 which is IDR 21.37 trillion. Currently, WIKA is participating in the tender process for national and international projects with a total value of around IDR 20 trillion - IDR 23 trillion. But unfortunately, as of September 30, 2020, WIKA posted a decrease in revenue of 43.25% yoy to IDR 10.38 trillion from the previous IDR 18.29 trillion. The decrease in income and a number of expenses * also eroded profit attributable to owners of the parent company in the 3/2020 quarter by -96.28% yoy * to Rp50.19 billion.

C. MARKET STATISTICS

*DJIA +554.9 +2.06% 27480!!*
*NASDAQ +202 +1.85% 121160!!*
*GOLD +11.4 +0.60% 1908*
*OIL +0.80 +2.16% 37.83*
*COAL (Nov/Newcastle) +0.65 +1.09% 60.55!!*
*NICKEL +127.5 +0.84% 15337.5*
*TIN +250 +1.40% 18075!!*
*CPO (Dec`) +85 +2.69% 3238!!*
*EIDO +0.37 +1.98% 19.07*
*TLK 17.69 (2580) vs 2580 (TLKM)*
US 10yr +0.0330 +3.89% 0.8820
INDO 10yr -0.0135 -0.20% 6.8411
*INDO CDS (5yr) -3.375 -3.449% 94.502!!*
*IDR (Spot) 14,585*

*IDX Range : 5,117 - 5,202*
*USD/IDR Range: 14,530 - 14,660*

D. STOCK WATCHLIST

JSMR, UNVR, ASII, BBCA, CPIN, UNTR, AGII, ACES, WIKA, LSIP

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