Indonesia Market Today - 8 December 2020

A. INDONESIA MORNING MARKET REVIEW

Tuesday (08/12/2020). The combination of + 1.72% strengthening in EIDO, inflow of foreign investor funds, strengthening of the Rupiah and the certainty of a mass Covid19 vaccination have the potential to be a catalyst to drive JCI to continue its strengthening in trading this Tuesday. Positive sentiment driving the strengthening of the JCI also came from the continued strengthening of commodity prices in the Early BIRD monitoring, namely: Coal + 2.04%, Gold + 1.23% & Tin + 0.51% so that it has the potential to push up stocks below the commodity * where coal-based stocks * MBAP are valued stocks. relatively cheapest * among other coal stocks.

Cancel increased SKT excise, Farmers are happy.

The Indonesian Tobacco Growers Association welcomes the government`s plan not to raise tobacco excise rates in the hand-rolled kretek (SKT) segment. Not increasing the SKT excise is considered as the right step to save workers from termination of employment.

B. INDONESIA CORPORATE NEWS

1. PT M Cash Integration (MCAS)

Until the end of quarter 3/2020, * the company posted a profit for the period of IDR 17.87 billion, a decrease of 82.1% *, compared to the same period in 2019 of IDR 95.574 billion. Meanwhile, until the end of quarter 3/2020, the company posted revenue of IDR 8,683 trillion or grew 10.31% compared to the same period in 2019 of IDR 7,871 trillion.

2. PT Delta Dunia Makmur (DOID)

Until the end of quarter 3/2020, the company posted a loss of USD3.69 million, or a sharp drop of -113.11% compared to the same period in 2019 which still posted a profit attributable to the owner of the parent entity of USD28.14 million. Meanwhile, until the end of quarter 3/2020, the company posted a net income of USD494.17 million or 28.41% compared to the same period in 2019 of USD690.33 million.

3. PT Indika Energy (INDY)

The company together with several other national mining companies signed a memorandum of understanding on the strategic cooperation of coal gasification with PT Pertamina yesterday. On the other hand, INDY through its subsidiary PT Kideco Jaya Agung, produces coal of 32 million -34 million tons per year.

C. MARKET STATISTICS

DJIA -148.4 -0.49% 30069
*NASDAQ +55.71 +0.45% 12519*
*GOLD +22.7 +1.23% 1868.20*
OIL -0.31 -0.67% 45.72
*COAL (Jan`21/Newcastle) +1.55 +2.04% 77.35!!!*
NICKEL -15 -0.09% 16340
*TIN +97.5 +0.51% 19095*
CPO (Jan`21) -43 -1.21% 3509
*EIDO +0.39 +1.72% 23.13*
*TLK 23.29 (3285) vs 3330 (TLKM)*
*US 10yr -0.0410 -4.23% 0.9280*
*INDO 10yr +0.0034 +0.05% 6.4177*
*INDO CDS (5 yrs) +1.012 +1.487% 69.034*
*IDR (Spot) 14,105*

*IDX Range : 5,882 - 5,972*
*USD/IDR Range: 14,040 - 14,170*

D. STOCK WATCHLIST

GGRM, MBAP, ASII, AALI, UNTR, ADRO, LSIP, ISAT, PTPP, BRIS.

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