Indonesia Market Today - 30 November 2020

A. INDONESIA MORNING MARKET REVIEW

Monday (30/11/2020). The outstanding achievement that the JCI has printed over the past week has strengthened by + 3.80% accompanied by a net buy of foreign investors of Rp 413.70 billion, making November the month of the biggest increase for 1 month of + 12.77% accompanied by a foreign investor net buy of Rp 7.26 trillion continues in December? It seems that the strengthening of the JCI this Monday will continue in line with the strengthening of the DJIA by + 0.13% and the EIDO by + 1.66%. * Positive sentiment also came from the continued strengthening of several commodity prices, such as: CP0 + 3.28%, Nickel + 0.88% & Tin + 0.77% and the continued Net Buy of Foreign Investors has the potential to be a positive sentiment driving the JCI to rise and stocks under these commodities * include: * AALI , LSIP, INCO & TINS *.

B. INDONESIA CORPORATE NEWS

1. PT BRI Syariah (BRIS)

After securing a placement of funds of IDR 1 trillion in September 2020, BRIsyariah has distributed IDR 1.152 trillion. Until the end of November 2020, BRIsyariah has distributed PEN funds to 11,492 customers. About 41% percent of PEN recipients are from the trade sector. For example, basic food and medical equipment. While the rest is in the production, agriculture and service sectors.

2. PT Merdeka Copper Gold (MDKA)

The company recorded gold sales from the Tujuh Bukit mine of 50,183 ounces in the third quarter of 2020, with an average selling price of US $ 1,910 per troy ounce. The company sold 221,518 ounces of silver from the Tujuh Bukit mine with an average selling price of US $ 24 per ounce. The company estimates revenue from the gold and silver segment to be US $ 101 million in Q3 / 2020. As for the Wetar mine, MDKA has sold 916 tons of copper at an average price of US $ 6,339 per ton. Thus, the estimated revenue from the copper segment is US $ 5.8 million in Q3 / 2020. Thus, as a whole, MDKA estimates revenue in the 3/2020 quarter of US $ 106.8 million.

3. PT ABM Investama (ABMM)

Until the end of quarter 3/2020, * the company posted a loss for the period attributable to the parent entity of US $ 5.37 million or a sharp drop of -147.56% * inversely proportional to the performance in the same period in 2019, which posted a net profit of US $ 11, 29 million. In addition, until the 3/2020 quarter, the company posted revenues of US $ 442.16 million or a slight decrease of 0.2% from the acquisition in the 3rd quarter of 2019.

4. PT Itama Ranoraya (IRRA)

On November 27, 2020, IRRA signed a Sales and Purchase Agreement (SPA) of 111 million pieces of ADS syringes, which is the second order from the Government.

5. PT Sejahteraraya Anugrahjaya (RSAJ)

Until the end of quarter 3/2020, the company posted revenue of IDR 811.74 billion, or an increase of 5.47% YoY. Meanwhile, until the end of quarter 3/2020, * the company posted a net loss of Rp. 54 billion or a very sharp decline of 2140.7% * compared to the net loss for the same period in 2019 of Rp. 2.41 billion.

6. PT Sentul City (BKSL)

Until the end of quarter 3/2020, * the company suffered a loss attributable to the owner of the parent entity amounting to IDR 325.52 billion or a very sharp decrease of 1257.6% * because in the same period of 2019 the company still posted a profit of IDR 28.12 billion. Meanwhile, until the end of quarter 3/2020, the company`s revenue reached IDR 247.54 billion, or decreased by 54.23% YoY.

C. MARKET STATISTICS

*DJIA +37.90 +0.13% 29910*
*NASDAQ +111.44 +0.82% 12205*
GOLD -20.5 -1.13% 1790.7
OIL -0.19 -0.42% 45.52
COAL (Dec/Newcastle) -0.45 -0.64% 69.55
*NICKEL +142.50 +0.88% 16922.50*
*TIN +145 +0.77% 18935*
*CPO (Jan`21) +108 +3.28% 3403!!*
*EIDO +0.37 +1.66% 22.68*
*TLK 24.32 (3427) vs 3460 (TLKM)*
*US 10yr -0.0360 -4.10 0.8420*
*INDO 10yr +0.0096 +0.15% 6.4557*
*INDO CDS (5 yrs) `0.017 -0.02% 72.507*
*IDR (Spot) 14,090*

*IDX Range : 5,742 - 5,832*
*USD/IDR Range: 14,020 - 14,150*

D. STOCK WATCHLIST

BRIS, MBAP, AALI, WIKA, PGAS, PTPP, LSIP, TBIG, TOWR, ICBP.

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