Indonesia Market Today - 6 January 2021
A. INDONESIA MORNING MARKET REVIEW
Wednesday (06/01/2021). The strengthening of the DJIA by 0.55% and the continued increase in commodity prices such as: Oil + 5.58%, Gold + 0.27%, Nickel + 2.09%, Tin 0.92% and CPO + 0.6% have the potential to be catalysts driving the strengthening of the JCI and stocks under these commodities.
However, different conditions occurred for Coal-based stocks because * the price of Coal Newcastle Port fell quite sharply again so it was necessary to watch out for the fall where the price of Coal delivery in February 2021 fell by -3.50% and Coal delivery in March 2021 fell by -3.64% *.
Hospital Almost Full due to Covid-19, Emergency Condition Alarm
Spokesperson for the Covid-19 Task Force Wiku Adisasmito said Indonesia was in an emergency condition after the beds in the ICU room and the hospital isolation room were almost full during the corona virus pandemic. Wiku said that there are nine provinces that have a bed occupancy rate above the national average. DKI Jakarta is the highest with a occupancy rate of 84.74%. Then Banten (84.52%), DI Yogyakarta (83.36%), West Java (79.77%), West Sulawesi (79.31%), East Java (78.41%), Central Java (76, 27%), South Sulawesi (72.40%), and Central Sulawesi (70.59%).
B. INDONESIA CORPORATE NEWS
1. PT Waskita Karya (WSKT)
The company targets the acquisition of new contract values of Rp 31 trillion - Rp 32 trillion in 2021. Meanwhile, the acquisition of New Contract Value (NKB) by the end of December 2020 is estimated to reach Rp 26 trillion. In 2021, the company also targets a capex of Rp 10 trillion, of which around 80% will be allocated to complete the investment toll road segment under PT Waskita Toll Road, which is currently still under construction. Meanwhile, around 10% will be used for realty development, including the purchase of land banks and the construction of ongoing realty projects.
2. PT PP Presisi (PPRE)
The company posted a new contract value of IDR 2.8 trillion throughout 2020 or 127.3% of the IDR 2.2 trillion target. The new contract value obtained by the company in 2020 consists of external projects of 33.7% and internal projects of 66.3%. For 2021, PPRE is aiming for a new contract value of IDR 3.2 trillion - IDR 3.6 trillion or an increase of more than 50% compared to the 2020 target. PPRE also sets a revenue target of around IDR 2.9 trillion - IDR 3 trillion in 2021.
3. PT MNC Vision Network (IPTV)
The company received capital from the issuance of shares without pre-emptive rights or a private placement of IDR857 billion. The private placement was carried out on December 30, 2020. The number of shares issued reached 2.85 billion with an exercise price of 300.
4. PT Kino Indonesia (KINO)
The company will allocate capex for 2021 of around Rp. 200 billion - Rp. 250 billion or less, around -28.57% to -42.86% when compared to the capex in 2020 of around Rp. 350 billion.
5. PT Buyung Poetra Sembada (HOKI)
The company plans to conduct a stock split with a ratio of 1: 4, where each one share with a nominal value of Rp 100 will be converted into four shares with a nominal value of Rp 25.
6. PT Argha Karya Prima Industry (AKPI)
By the end of 2021, the company is pursuing a sales target of around Rp. 2.4 trillion, an increase of + 4.35% compared to the same period in 2020 of around Rp. 2.3 trillion. Meanwhile, the capex prepared in 2021 is around US $ 30 million.
C. MARKET STATISTICS
*DJIA +167.71 +0.55% 30391*
*NASDAQ +120.51 +0.95% 12818*
*GOLD +5.2 +0.27% 1953*
*OIL +2.64 +5.58% 49.96*
COAL (Feb`21/Newcastle) -2.85 -3.50% 78.55!!!
*NICKEL +362.50 +2.09% 17732.50*
*TIN +192.50 +092% 21180*
*CPO (Mar`21) +32 +0.86% 3756*
*EIDO +0.48 +2.01% 24.31*
*TLK 24.53 (3412) vs 3470 (TLKM)*
US 10yr +0.0380 +4.14% 0.9550
INDO 10yr +0.0245 +0.40% 6.1792
INDO CDS (5 yrs) +2.240 +3.33% 69.454
IDR (Spot) 13,915
*IDX Range : 6,088 - 6,180*
*USD/IDR Range: 13,840 - 13,980*
D. STOCK WATCHLIST
INCO, MDKA, ADHI, BBCA, ACES, HOKI, BRPT, SMBR, BBNI, ANTM.
DISCLAIMER ON
GFS ASIA TEAM
- 0
- 0
- just now
- 0