Indonesia Market Today - 30 December 2020
A. INDONESIA MORNING MARKET REVIEW
Wednesday (30/12/2020). Today is the last trading day in 2021. So far the JCI`s performance has been quite satisfying amidst the many events and events that rocked the JCI, from the outbreak of Covid19 to infecting hundreds of thousands and killing tens of thousands of people, economic recession and several suspected cases of corruption that befall large institutions. * We have not yet lost our sense of shock and are shocked over the Jiwasraya and Asabri cases, now there are allegations of corruption cases that befell BPJS Ketenagakerjaan with an alleged amount of much more than Rp. 43 trillion which is thought to involve quite a lot of securities and asset management *. Let`s just wait for how the authorities in the field of law handle the alleged corruption that befell these 3 big institutions.
Meanwhile, for trading on Wednesday, there is a chance that the IGSG will fall back or fall again, referring to the DJIA drop of -0.22% and the EIDO drop of -0.63%. Negative sentiment also came from falling prices for several commodities, such as: Coal -1.35% & Nickel -0.85%, which has the potential to pull down share prices related to these commodities.
Furthermore, investors need to anticipate trade in early 2021 related to the plan to close all international flights to Indonesia starting January 1, 2021 as well as the plan to implement strict PSBB in several provinces such as: DKI Jakarta as the national economy & Jogjakarta.
Investigating BPJS Ketenagakerjaan Corruption, Kejagung: State Losses Reach IDR 43 trillion
Director of Investigation at the Junior Attorney General for Special Crimes (Jampidsus), Febri Ardiansyah, said that * the alleged corruption case of BPJS Ketenagakerjaan has reached IDR 43 trillion in mutual funds and stocks *. The alleged BPJS Ketenagakerjaan corruption case is suspected to be the same as the PT Jiwasraya dispute which involved many transactions.
B. INDONESIA CORPORATE NEWS
1. PT Wijaya Karya (WIKA)
The company is aiming for a new contract value of IDR 40 trillion in 2021 or an increase of 87.17% from the target value of new contracts in 2020 worth IDR 21.37 trillion. Meanwhile, until the end of November 2020, the company booked a new contract value of IDR 18 trillion, reflecting the achievement of the target of 84.22% of this year`s target of IDR 21.37 trillion.
2. PT Indorama Synthetics (INDR)
The company has signed a Conditional Sale and Purchase Agreement on 23 December 2020 to take over 80% of the shares ownership of PT Cikodang Kancana Prima (CKP), a gold mining company in Cianjur, West Java. INDR`s total investment for this transaction is IDR 300 billion including IDR 50 billion, which is given as interest-bearing loans to affiliates of selling shareholders, which will be funded by retained earnings or internal funding.
3. PT Dian Swastatika Sentosa (DSSA)
Hong Kong-based company Datang Overseas Energy Investment Co. Ltd, officially acquired most of the ownership of the subsidiary company DSSA worth US $ 394 million (equivalent to Rp5.58 trillion). PT DSSE Energi Mas Utama (EMU) transferred 4,141,409 shares or the equivalent of 75% shares in PT DSSP Power Mas Utama (PMU) to Datang Energy. The transfer of shares will be effective on 23 December 2020.
4. PT Sejahteraraya Anugerahjaya (SRAJ)
The company plans to hold an action to increase capital through HMETD or rights issue by issuing as many as 18 billion shares with a nominal value of Rp100 per share. Meanwhile, based on IDX data, the number of issued and fully paid shares of the company until November 30, 2020 is 12 billion shares.
5. PT Bukaka Teknik Utama (BUKK)
The company received a contract for the procurement of 36 garbarata units worth US $ 5.1 million or the equivalent of Rp.303 billion from the Airports Authority of India (AAI). The company will send garbarata products to seven airports in India including: Dehradun, Patna, Chennai, Trichy, Port Blair, Jabaipur and Surat.
C. MARKET STATISTICS
DJIA -68.3 -0.22% 30336
NASDAQ -49.2 -0.38% 12850
*GOLD +6.9 +0.37% 1883.50*
*OIL +0.29 +0.61% 48.00*
COAL (Jan`21/Newcastle) -1.15 -1.35% 84.20
NICKEL -145 -0.85% 16887.50
*TIN +172.50 +0.86% 20197.50*
*CPO (Jan`21) +50 +1.31% 3856*
EIDO -0.15 -0.63% 23.57
TLK 24.14 (3410) vs 3420 (TLKM)
US 10yr +0.0020 +0.21% 0.9350
INDO 10yr -0.0035 -0.06% 6.1483
INDO CDS (5 yrs) Unch 68.793
IDR (Spot) 14,130
*IDX Range : 5,991 - 6,082*
*USD/IDR Range: 14,070 - 14,210*
D. STOCK WATCHLIST
ADHI, PURA, PTBA, JSKY, WSKT, TOWR, PTPP, ACES, SMGR, ADRO.
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