Indonesia Market Today - 7 January 2021
A. INDONESIA MORNING MARKET REVIEW
Thursday (07/01/2021). The hope of a bigger stimulus package following the victory of Senate members from the Democratic Party in the re-election in Georgia is driving the DJIA to strengthen again by + 1.44% amid the strengthening of chemical prices such as: CPO + 3.17%, Oil + 0.74% & Nickel + 0.24%. be a catalyst in trading this Thursday.
The re-implementation of strict PSBB in Java & Bali from January 11 to January 25, 2021 has the potential to slow down Indonesia`s economic growth in early 2021, even though share prices in several sectors affected by the tight PSBB have been rapidly rising so there is no need to be surprised if this happens Sell of shares in the sector.
Furthermore, further profit taking also has the potential to occur this Thursday following the fall in EIDO by -1.17% and investors need to take profit taking on Coal-based shares because * the price of Coal Newcastle Port has dropped quite sharply again so it is necessary to watch out for the fall where the Coal delivery price in February 2021 fell. by -1.97% and Coal delivery in March 2021 down by -3.07% !! *. Not only that, * investors also need to be aware of commodity-based shares of Gold and Tin following the fall in Gold prices by -1.76% & Timah by -0.55% *.
The realization of the PEN budget last year was only 83.4%
Until the end of 2020, of the total budget allocation for the Handling of COVID-19 and National Economic Recovery (PCPEN) amounting to Rp 695.2 trillion, the temporary realization reached Rp. 579.8 trillion, or 83.4%.
Realization of Oil and Gas PPh was the worst hit, dropping 43.9% in 2020 while non-oil and gas taxes dropped 18.6%.
The Ministry of Finance noted that the realization of the Oil and Gas PPh revenue throughout 2020 only IDR 33.2 trillion or down 43.9% yoy. This achievement made PPh Migas the most deeply corrected tax revenue post in 2020. In addition, non-oil and gas taxes recorded a realization of IDR 1,036.8 trillion or a decrease of 18.6% yoy. This achievement was only 88.8% of the final 2020 target set by the government of IDR 1,167 trillion.
Customs revenue contracted 0.29% throughout 2020.
The Ministry of Finance noted that customs and excise revenues throughout 2020 fell 0.29% yoy. This is because the realization in January-December 2020 was IDR 212.85 trillion, while in 2019 it was IDR 213.48 trillion.
B. INDONESIA CORPORATE NEWS
1. PT Bank Mayapada Internasional (MAYA)
The company has set the exercise price for the additional capital by means of HMETD or rights issue of Rp 400 per share. MAYA will issue 4.99 billion shares so that the company has the potential to reap fresh funds of IDR 1.99 trillion. The company estimates that this rights issue will be effective on February 18, 2020. The last date for trading shares with HMETD (cum right) in the regular and negotiation markets is scheduled for February 26 and on the cash market on March 2, 2020.
2. PT Elnusa (ELSA)
The company is aiming for higher revenue and profit in 2021 than the realization in 2020 amounting to Rp 7 trillion and Rp 200 billion, respectively. ELSA`s revenue of IDR 7 trillion at the end of 2020 represents a decrease of 16.51% compared to 2019 worth IDR 8.38 trillion. Meanwhile, the profit was worth IDR 200 billion or decreased by 21.51% compared to the previous year amounting to IDR 356.47 billion.
3. PT Medikaloka Hermina (HEAL)
Perseran received IDR 20 billion in fresh funds from a private placement or PMTHMETD. The company has issued 5 million new shares with a nominal value of Rp100 on December 30, 2020. The private placement price is Rp.4,000.
4. PT Waskita Karya (WSKT)
To patch debt, the company will issue debt securities to pay off the bonds due in 2021. The WSKT debt securities, namely Waskita Karya Phase II Sustainable Bonds 2018 Series A with a principal amount of Rp1.17 trillion will mature on February 23, 2021. Furthermore The Sustainable Bonds II Waskita Karya Phase II Year 2016 worth IDR 900 billion will mature on September 28, 2021.
C. MARKET STATISTICS
*DJIA +437.8 +1.44% 30829*
NASDAQ -78.18 -0.61% 12740
GOLD -34.3 -1.76% 1918.70!!
*OIL +0.37 +0.74% 50.33*
COAL (Feb`21/Newcastle) -1.55 -1.97% 77!!!
*NICKEL +42.50 +0.24% 17775*
TIN -117.50 -0.56% 21062.50
*CPO (Mar`21) +119 +3.17% 3875*
EIDO -0.28 -1.17% 24.02
*TLK 24.29 (3375) vs 3370 (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) 13,895
*IDX Range : 6,023 - 6,114*
*USD/IDR Range: 13,830 - 13,970*
D. STOCK WATCHLIST
WSKT, MEDC, AGII, ADHI, KLBF, SMCB, RALS, WIKA, INCO, JSKY.
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