Indonesia Market Today - 18 November 2020

A. INDONESIA MORNING MARKET REVIEW

Wednesday (18/11/2020). The combination of the decline in Drug Stores stock prices, fears of economic disruption due to the increase in victims of Covid19 and disappointing retail sales data as of October which grew at a slower rate of 0.3% compared to economists` consensus of 0.5% were factors that DJIA weakened by -0.56%, after previously 2 days up 2.97%. On the other hand, positive sentiment came from the increase in EIDO by + 1.07% as well as from the strengthening of several commodity prices such as: Oil + 0.22%, Coal + 0.16%, CPO + 0.40% & Timah + 1.76% so that it has the potential to push up stocks under these commodities.

Actual investment in the manufacturing sector rose 69.3% in the third quarter of 2020

During the third quarter of 2020, the realization of investment value was Rp. 72.3 trillion, an increase of 69.3% compared to the same period in 2019. In details, PMDN for the manufacturing sector was valued at Rp. 19.5 trillion, an increase of 34.3% over the same period. last year. Meanwhile, for FDI amounted to Rp 52.8 trillion, an increase of 87.3%.

B. INDONESIA CORPORATE NEWS

1. PT Agung Podomoro Land (APLN)

Until the end of quarter 3/2020, the company posted a net loss of Rp 195.2 billion or a sharp drop of -218.4% because in the same period of 2019 the company still posted a net profit of Rp 164.9 billion. Meanwhile, until the end of quarter 3/2020, the company posted revenue of IDR 2.88 trillion, down 1.2% compared to the same period in 2019 of IDR 2.92 trillion. On the other hand, the company booked marketing sales excluding VAT until October 2020 amounting to IDR 2.5 trillion.

2. PT Telekomunikasi Indonesia (TLKM)

Gojek and Telkomsel, officially collaborating. Telkomsel`s investment value in Gojek is US $ 150 million or Rp 2.16 trillion. In this collaboration, Gojek and Telkomsel will jointly strengthen their digital services, encourage innovation and new products, and increase convenience for MSME users and players.

3. PT Acset Indonusa (ACST)

The company has submitted an application for Postponement of Debt Payment Obligations (PKPU) to PT China Sonangol Media Investment (CSMI). This KSO was formed to work on the Tower Indonesia I project with a contract value of Rp 1.4 trillion, equivalent to 45% of ACST`s ownership portion in the project. The building structure contract was worked on by a joint operation company between Acset Indonusa and China Construction Eighth Engineering Division with a total contract value of Rp 4 trillion. Tower Indonesia I is a 55-59 storey skyscraper project located at MH Thamrin owned by China Sonangol Media Investment, a joint venture between China Sonangol Land and the Media Group.

C. MARKET STATISTICS

DJIA -167.09 -0.56% 29783
NASDAQ -24.79 -0.21% 11899
GOLD -5.5 -0.29% 1880.30
*OIL +0.10 +0.22% 41.43*
*COAL (Nov/Newcastle) +0.10 +0.16% 62.40*
*NICKEL +5 +0.03% 15902.50
*TIN +330 +1.76% 19037.50*
*CPO (Dec`) +14 +0.40% 3509*
*EIDO +0.23 +1.07% 21.82*
*TLK 22.27 (3130) vs 3220 (TLKM)*
US 10yr -0.0340 -3.75% 0.8720
*INDO 10yr -0.0246 -0.37% 6.5934*
*INDO CDS (5 yrs) +1.197 +1.586% 76.689*
*IDR (Spot) 14,055*

*IDX Range : 5,478 - 5,565*
*USD/IDR Range: 13,990 - 14,120*

D. STOCK WATCHLIST

ADHI, TLKM, PGAS, ICBP, CTRA, BBNI, MBAP, GGRM, BRIS, HRUM.

DISCLAIMER ON
GFS ASIA TEAM

• 0
• 0
• just now
• 0