Indonesia Market Today - 24 November 2020

A. INDONESIA MORNING MARKET REVIEW

Tuesday (24/11/2020). * The JCI seems to have the opportunity to continue its strengthening this Tuesday and try to reach the level of 5700 * as the DJIA index strengthens by + 1.12%, driven by another success of the Covid19 vaccine trial which reached 90%, namely: pharmaceutical issuer AstraZeneca following in the footsteps of 2 previous pharmaceutical issuers, namely Pfizer and Moderna and Janet Yellen`s nomination for Secretary of the US Treasury by Joe Bidden. Positive sentiment also came from the strengthening of EIDO of +1.81 and * the increase in prices of several commodities such as: Oil + 1.03%, Coal + 2.52% & CPO + 1.06% could potentially be a positive sentiment driving higher stocks under these commodities * including: * ADRO, PTBA, MBAP, ITMG, LSIP & AALI *.

B. INDONESIA MORNING MARKET REVIEW

1. PT PP (PTPP)

The company posted new contracts worth Rp17.42 trillion as of 23 November 2020, or the equivalent of 70% of the target of obtaining new contracts throughout 2020. The company is optimistic that it can realize the new contract target in 2020 worth Rp25 trillion.

2. PT Waskita Beton Precast (WSBP)

The company booked new contracts worth IDR1.68 trillion as of October 2020 or reached 33.6% of the 2020 target of IDR5 trillion.

3. PT Sumber Alfaria Trijaya (AMRT)

The company in 2021 will open up to around 500-750 stores or fewer with AMRT expansion in 2020, which is targeted to reach 1,000 stores. Therefore, the company has budgeted a capex of around IDR 2.5 trillion. On the other hand, the company is targeting the opening of 1,000 stores in early 2020. Meanwhile, until now, there have been around 800 shops. The remaining targets can be met in the fourth quarter of 2020.

4. PT Saraswanti Anugerah Makmur (SAMF)

Until the 3rd quarter of 2020, the Company recorded sales of Rp994.89 billion, or an increase of 3.01% compared to the same period in 2019 of Rp965.78 billion. Perseroa also posted a profit for the current year in Q3 / 2020 of around IDR 75.35 billion, or an increase of 5.69% compared to the same period in 2019 of IDR 71.29 billion.

C. MARKET STATISTICS

*DJIA +327.79 +1.12% 29591!!*
*NASDAQ +25.66 +0.22% 11800*
GOLD -35.5 -1.90% 1834.10
*OIL +0.72 +1.71% 42.89*
*COAL (Dec/Newcastle) +1.65 +2.52% 67.10!!*
NICKEL -95 -0.59% 16062
TIN -95 -0.51% 18637.50
*CPO (Dec`) +37 +1.06% 3520!!*
*EIDO +0.39 +1.81% 21.97*
*TLK 23.11 (3270) vs 3320 (TLKM)*
US 10yr +0.0280 +3.38% 0.8570
*INDO 10yr -0.0065 -0.10% 6.5248*
*INDO CDS (5 yrs) -1.983 -2.5% 77.34*
*IDR (Spot) 14,149*

*IDX Range : 5,611 - 5,700*
*USD/IDR Range: 14,080 - 14,220*

D. STOCK WATCHLIST

BBNI, INTP, ADRO, ADHI, SMGR, TLKM, PTBA, PTPP, TOWR, MBAP.

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