Jakarta, CNBC Indonesia – Composite Stock Price Index (CSPI) in trading last Friday (6/26/2020) closed up 0.15% at 4,904.09. Within a week of trading, the main index index of the Indonesian Stock Exchange was minus 0.77%.
Indonesian Stock Exchange (IDX) trading data notes, in a week, foreigners still recorded a net sale (net sell) Rp 2.22 trillion in all markets, consisting of the regular market of Rp 1.90 trillion and the nego and cash market of Rp 319.34 billion.
As for the many foreign shares released in the week namely PT Telekomunikasi Indonesia Tbk (TLKM) Rp 800.83 billion, PT Bank Rakyat Indonesia Tbk (BBRI) Rp 694.67 billion, and PT Paper Factory Tjiwi Kimia Tbk (TKIM) Rp 271.02 billion.
Meanwhile, although foreigners fled, there were still shares that many foreigners glanced at with a net buy record (net buy).
1. PT Sinar Mas Multiartha Tbk (SMMA)
Sinar Mas received sentiment about the company’s plan to enter PT Bank China Construction Bank Indonesia Tbk. (MCOR) or CCB Indonesia, through the issuance of new shares (rights issue). SMMA to be standby buyer alias standby buyer rights issue MCOR. Foreign enter IDR 301.9 billion in a week, SMMA shares also rose 8.36% a week at the level of IDR 17,500 / share.
2. PT MNC Kapital Indonesia Tbk (BCAP)
The MNC Group’s financial services holding stock was bought by foreigners at Rp 276.35 billion in a week. But its shares actually dropped 4.22% in the position of Rp 159 / share. Issuers under another MNC Group, owned by tycoon Hary Tanoesoedibjo, PT MNC Studios International Tbk (MSIN) will also issue as much as 520,200,000 new shares in corporate actions to increase capital without the right to pre-order (PMTHMETD) alias private placement.
3. PT Astra International Tbk (ASII)
The Astra Group holding parent stock was bought by Rp 139.85 billion, its shares edged up 0.20% to Rp 4,900 / share. Astra also distributed 40% of net income for fiscal year 2019 as dividends to shareholders. Each share gets Rp 214 for each unit held by the investor.
The value of the dividend reaches Rp. 8.66 trillion, out of the total net income in 2019 of Rp. 21.71 trillion. June 26 last week became the deadline for listing of shares for shareholders entitled to receive dividends.
4. PT Transcoal Pacific Tbk (TCPI)
The shares of the coal shipping and transportation services issuer were bought by foreigners at Rp 92.19 billion, downbeat that their share price rose 7% to Rp 5,350 / share. Last year, TCPI’s profit was IDR 263.50 billion, up 3.76% from the 2018 net profit of IDR 253.94 billion.
5. PT Bank Central Asia Tbk (BBCA)
Djarum Group’s bank shares were bought by foreigners at IDR 92.15 billion, their shares rose 1.26% at the level of IDR 28,225 / share. Previously, BCA revealed that it was in the process of restructuring loans of around Rp 65 trillion to Rp 82.6 trillion, equivalent to 10% -14% of the total loan portfolio for debtors affected by the corona virus pandemic until May 2020.
The restructuring amount came from around 72,000 debtors or 10% of the total debtors of all segments.
Hans Kwee, President Director of PT Investa Saran Mandiri, said that in trading this Monday (6/29/2020), some sentiments that will move the domestic stock market include the market waiting for massive stimulus from the European Union which is predicted to be agreed on next July.
In addition, the International Monetary Fund (IMF) which cut the prospects for Indonesia’s economic growth to -0.3% from 0.5% previously also came to market attention.
“The impact of Covid-19 is making Indonesia’s economic projections decline but far better than other countries in the world,” he said in his daily research.
Another sentiment about the government which will place funds of Rp 30 trillion in four state banks (Himbara) previously placed at Bank Indonesia. This is a positive sentiment because it strengthens Indonesian banks.
“JCI has the opportunity to weaken with consolidation support [batas bawah] at levels 4,821 to 4,712 and resistance [batas atas] at levels 4,977 up to 5,018, “he said.
