Indonesia Market Today - 7 December 2020

A. INDONESIA MORNING MARKET REVIEW

Monday (07/12/2020). After the JCI strengthened over the past week by + 0.47% accompanied by Net Sell by Foreign Investors of Rp. 3.93 trillion, at the beginning of this week, Monday, * JCI has the opportunity to rise * in line with the strengthening of DJIA by + 0.83% and EIDO by + 0.09%. It did not stop there, * positive sentiment driving the strengthening of the JCI * also came from the continued strengthening of commodity prices in Early BIRD monitoring, namely: Coal + 2.02%, Oil + 0.85%, CPO + 3.08%, Nickel +2.41 & Tin + 0.44% so that the potential pushing up stocks under these commodities * include: * MBAP *, ADRO, PTBA, ITMG, HRUM, INDY, UNTR, INCO, TINS, AALI & LSIP.

Finally, 1.2 million doses of the corona vaccine made by Sinovac arrived in Indonesia

The government has brought in 1.2 million doses of the Covid-19 vaccine on Sunday. The imported vaccine is a Sinovac vaccine from China. In addition, the government is also planning to still seek 1.8 million doses of vaccine which will arrive in early January 2021. Indonesia will also bring in bulk raw materials for Sinovac vaccine. The government said that 15 million doses of raw materials will be imported this December and 30 million doses in January 2021.

B. INDONESIA CORPORATE NEWS

1. PT Solusi Bangun Indonesia (SMCB)

Until the end of the 3/2020 quarter, the company posted a profit of IDR 438.50 billion, an increase of 120.88% compared to IDR 198.52 billion in the same period in 2019. Meanwhile, until the end of the 3/2020 quarter, the company posted revenues of IDR 7.33 trillion or decreased. 5.21% compared to the previous period valued at IDR7.73 trillion.

2. PT Wijaya Karya (WIKA)

The company is optimistic that the 2020 new contract target of IDR 21.37 trillion can be achieved considering that until November 2020 it had reached IDR 18 trillion or 84.22% of the target. The largest new contract contributions came from the Infrastructure and Building segments amounting to Rp 7.78 trillion, Energy and Industrial Plants with Rp 5.62 trillion, Industry Rp 4.10 trillion and Property Rp 509 billion.

3. PT Jasa Marga (JSMR)

As a result of the impact of the Covid-19 pandemic, toll revenues are projected to be 20% lower or around Rp. 21.07 trillion from 2019 amounting to Rp. 26.34 trillion in line with the decrease in traffic volume. The toll roads contributed Rp.10.13 trillion. Meanwhile, JSMR`s net profit in 2019 was recorded at Rp. 2.2 trillion.

4. PT Wijaya Karya Bangunan Gedung (WEGE)

Until the end of November 2020, the company has booked a new contract value of IDR 2.32 trillion or has reached 68% of the new contract target in 2020 of IDR 3.44 trillion. The construction sector became the largest contributor with the acquisition of Rp 2.11 trillion from the sector target of Rp3.15 trillion. Then, the industrial sector contributed Rp. 198.53 billion from the target of Rp. 266.72 billion.

C. MARKET STATISTICS

*DJIA +248.2 +0.83% 30217!!*
*NASDAQ +87.02 +0.70% 12464*
GOLD -1.40 -0.08% 1839.70
*OIL +0.39 +0.85% 46.03*
*COAL (Jan`21/Newcastle) +1.50 +2.02% 75.80!!*
*NICKEL +385 +2.41% 16355!!*
*TIN +82.5 +0.44% 18997.5*
*CPO (Jan`21) +105 +3.08% 3516!!*
*EIDO +0.02 +0.09% 22.74*
*TLK 22.89 (3230) vs 3250 (TLKM)*
*US 10yr +0.0490 +5.33% 0.9690*
*INDO 10yr -0.003 -0.05% 6.4143*
*INDO CDS (5 yrs) -1.125 -1.626% 68.023*
*IDR (Spot) 14,105*

*IDX Range : 5,768 - 5,858*
*USD/IDR Range: 14,030 - 14,160*

D. STOCK WATCHLIST

MBAP, ASII, TBIG, AALI, UNTR, ADRO, LSIP, ISAT, HOKI, PTPP.

DISCLAIMER ON

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