Indonesia Market Today - 23 November 2020

A. INDONESIA MORNING MARKET REVIEW

Monday (23/11/2020).

After the JCI has strengthened by + 2.03% over the past week accompanied by a foreign investor`s net buy of IDR 1.06 trillion, but there is an interesting phenomenon, namely * the shrinking net buy of foreign investors in recent times and the continued high number of victims affected by Covid19 * so it is necessary to pay attention * whether selling foreign investors will continue * amid the decline in EIDO by -0.64% and the decline in DJIA by -0.75% on Friday due to the increase in victims of Covid19, questions about stimulus packages and economic improvements have the potential to hold JCI sentiment for a rebound. On the other hand, * rising prices for several commodities such as Oil + 1.03%, Coal + 2.19%, Gold + 0.44% & Nickel + 2.02% have the potential to be a positive sentiment driving higher stocks under these commodities *.

B. INDONESIA CORPORATE NEWS

1. PT Unilever Indonesia (UNVR)

The company will distribute interim dividends of IDR 3.31 trillion or IDR 87 per share * for the financial year ending 31 December 2020. The distribution of interim dividends comes from the retained earnings for the period 30 June 2020 where UNVR recorded a net profit of IDR 3.62 trillion. In other words, 91.6% of the proceeds from the net income will be used for the distribution of interim dividends.

2. PT PP (PTPP)

The company has signed a cooperation agreement to construct a ferronickel smelter owned by Ceria Nugraha Indotama for Production Line 2 and Production Line 5-6 Block Lapaopao, Wolo District, Kolaka Regency, Southeast Sulawesi. The project has a contract value of IDR 1.01 trillion for Phase 2, Production Line 2 and IDR 2.21 trillion for Phase 4, Production Line 5-6 works. The work execution period is targeted to be 26 months for Production Line 2 work and 34 months for Production Line 5-6 work.

3. PT Indofarma (INAF)

Until the end of the 3/2020 quarter, the company posted net sales of IDR749.25 billion, up 28.4% yoy. Meanwhile, until the end of quarter 3/2020, * the company still posted a net loss of IDR 18.8 billion * from the previous IDR 34.84 billion in the same period of 2019.

4. PT Indomobil Sukses Internasional (IMAS)

Until the end of quarter 3/2020, the company posted revenue of IDR 11.28 trillion or a 23.43% decrease from IDR 14.73 trillion in the same period in 2019. On the other hand, until the end of quarter 3/2020, * the company posted a net loss of IDR 467.23 billion *. This achievement was reversed from a net profit of IDR 328.30 billion for the third quarter of 2019.

5. PT Cisadane Sawit Raya (CSRA)

Until the end of the 3rd quarter / 2020, the company posted operating revenues of Rp 451.24 billion, an increase of 20.6% yoy. Meanwhile, until the end of quarter 3/2020, * the company posted a net profit of CSRA at the end of September 2020 which increased more than 4x * compared to the same period the previous year to Rp 64.02 billion.

6. PT Merck (MERK)

The company posted a profit of IDR 55.067 billion at the end of quarter 3/2020 or * increased by 223.52% * compared to the same period in 2019 of IDR 17.068 billion. Meanwhile, MERK revenue at the end of quarter 3/2020 was IDR 439.82 billion, or decreased by 11.67% compared to the same period in 2019 of IDR 497.97 billion.

C. MARKET STATISTICS

DJIA -219.7 -0.75% 29263
NASDAQ -49.74 -0.42% 11854
*GOLD +8.10 +0.44% 1869.60*
*OIL +0.43 +1.03% 42.17*
*COAL (Dec/Newcastle) +1.40 +2.19% 65.45!!*
*NICKEL +320 +2.02% 16157.50!!*
*TIN +2.5 +0.01% 18732.50*
CPO (Dec`) -57 -1.61% 3481
EIDO -0.14 -0.64% 21.58*
*TLK 22.25 (3152) vs 3220 (TLKM)*
US 10yr -0.0250 -2.93% 0.8290
INDO 10yr +0.0077 +0.12% 6.5313
INDO CDS (5 yrs) +2.103 +2.72% 79.423
*IDR (Spot) 14,165*

*IDX Range : 5,522 - 5,610*
*USD/IDR Range: 14,080 - 14,210*

D. STOCK WATCHLIST

PGAS, INTP, AKRA, SMGR, CPIN, TLKM, LSIP, WTON, SSIA, ERAA.

DISCLAIMER ON
GFS ASIA TEAM

• 0
• 0
• just now
• 0