Indonesia Market Today - 11 December 2020

A. INDONESIA MORNING MARKET REVIEW

Friday (11/12/2020). The combination of strengthening EIDO by + 1.47% and rising commodity prices such as: Coal + 2.50%, Oil + 2.87%, Nickel + 4.18% & CPO + 1.69% has the potential to be a catalyst * driving the JCI to rise and stocks under these commodities * include: * INCO , ANTM, MBAP, ADRO, PTBA, ITMG, HRUM, UNTR, AALI & LSIP *.

B. INDONESIA CORPORATE NEWS

1. PT Fast Food Indonesia (FAST)

In 2021, the company projects to open 25 new brand store outlets, with projected sales of IDR 7 trillion, roughly the same as 2019.

2. PT PP Presisi (PPRE)

The company is targeting the acquisition of new contracts of IDR 3.5 trillion - 3.7 trillion in 2021. The targeted projects come from the construction and mining services sector, such as: Lambakan Dam in East Kalimantan, Lewi Keris Dam Phase 2 (Continued) in Ciamis, and Bawen-Jogya Toll Road, Rengat-Pekanbaru Toll Road, Muara Enim-Lubuk Linggau Toll Road, and Section 3. Serang-Panimbang Toll Road. In addition, there is also a Patimban Port project phase 2 in Kota Baru Patimban, Hauling Road in East Kalimantan. , and the Morowali-Konawe nickel smelter. Meanwhile, mining services will be targeted at nickel mines in Southeast Sulawesi and Bauxite in West Kalimantan. Meanwhile, as of November 2020, PPRE has recorded the acquisition of new contracts of IDR 2.3 trillion. The realization exceeded the target or reached 108% of the target of Rp. 2.2 trillion. Meanwhile, for the revenue target in 2020, his party is optimistic that they can get around Rp. 2.8 trillion - Rp. 2.9 trillion.

3. PT Perintis Triniti Properti (TRIN)

The company is eyeing pre-sales of Rp. 800 billion in 2021. Meanwhile, until September 2020 the company recorded Rp. 185.2 billion in pre-sales, where the largest portion of sales was obtained from Collins Boulevard, which is located in an integrated area, namely Tangerang, which contributed Rp. 98.2 billion.

4. PT Agung Podomoro Land (APLN)

The company again released a number of its assets to meet funding needs. The two assets released by APLN, namely. First, APLN sells title certificates for apartment units (SHMSRS) over a small part of the commercial area in the Central Park Mall. SHMSRS Central Park was released to PT CPM Assets Indonesia. Second, APLN also released a number of plots of land in Karawang through its subsidiary, PT Buana Makmur Indah, where APLN controls 55% of Buana Makmur Indah`s shares. Buana Makmur Indah sold the land to PT Karawang Tatabina Industrial Estate. The area of land released reached 1,047,750 M2.

5. PT Bank Pembangunan Daerah Banten (BEKS)

The company set the implementation price of the Limited Public Offering VI aka rights issue at IDR 50 per share. By releasing 60,820,296,006 shares. So that the company has the potential to reap funds of IDR 3.041 trillion. Each holder of 10,000,000,000 (ten billion) Old Company Shares whose names are registered in the Company`s DPS on the last recording date (Recording Date) at 16.00 WIB is entitled to 94,869,499,924 (ninety-four billion eight hundred sixty nine million four hundred ninety nine thousand nine hundred and two
Forty-four) Pre-emptive Rights in which 1 (one) HMETD is entitled to purchase 1 (one) New Share at an Exercise Price of IDR 50 (fifty Rupiah) per share. Or a ratio of 10:94 shares with an exercise price of IDR 50 per share.

C. MARKET STATISTICS

DJIA -69.55 -0.23% 29999
*NASDAQ +66.86 +0.54% 12405*
GOLD -2.8 -0.15% 1839.20
*OIL +1.31 +2.87% 46.91!!*
*COAL (Jan`21/Newcastle) +1.95 +2.50% 79.95!!*
*NICKEL +697.5 +4.18% 17392.5!!!*
TIN -15 -0.08% 19442.50
*CPO (Jan`21) +59 +1.69% 3540*
*EIDO +0.34 +1.47% 23.40*
*TLK 23.02 (3247) vs 3260 (TLKM)*
*US 10yr -0.0330 -3.51% 0.9080*
*INDO 10yr -0.0219 -0.34% 6.3802*
*INDO CDS (5 yrs) +0.237 +0.345% 69.986*
*IDR (Spot) 14,105*

*IDX Range : 5,889 - 5,980*
*USD/IDR Range: 14,030 - 14,160*

D. STOCK WATCHLIST

ANTM, MAPI, TINS, PWON, ASII, BMRI, CTRA, JSMR, ACES, SMGR.

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