Indonesian Stock to Watch on Friday, April 5

JAKARTA (TheInsiderStories) – The Jakarta Composite Index was closed up 0.29 percent to 6,494.63 on Thursday (04/04), from previous trading had been closed up 0.21 percent to 6,489.78.

In the midst of this increasing, there were several companies posted the declining and increasing of stock prices. While, there were corporation actions and reporting of financial performance as well.

Top Gainers

Shares of PT Global Teleshop Tbk (IDX:GLOB) led the top gainers by closing up 24.86 percent to Rp442 (US$0.03) a share. Following Global Teleshop, shares of PT Pikko Land Development Tbk (IDX:RODA) was also closed up 22.49 percent to Rp610 per share.

Top Losers

PT Gading Development Tbk (IDX:GAMA) was being the top losers on Thursday’s trading by recording the declining of stock prices of 24.37 percent to Rp50 per share. Occupying this decreasing, shares of PT Cahayaputra Asa Keramik Tbk (IDX:CAKK) was also closed down 24,80 percent to Rp185 per share.

PT Bank Rakyat Indonesia Tbk (IDX:BBRI) 

One of the biggest bank in Indonesia is included in the investment grade rating given by Standard and Poors (S&P). S&P increased the long term-loan rating of BBRI to BBB- with prospect stable from previous rating which had been in BB+. While for short term-loan rating was upgraded to A-3 from B.

PT Humpuss Intermoda Transportasi Tbk (IDX:HITS)

The sailing company, PT Humpuss Intermoda Transportasi Tbk is going to distribute dividends to shareholders in amount of $1.52 million from the net profit in 2018 of $12.04 million.

PT First Media Tbk (IDX:KLBV)

Paying television service companies through cable networks and internet service providers booked a loss of Rp3.5 trillion in 2018 or increase from the 2017 of Rp1.1 trillion. It means the company have booked loss for 4 consecutive years.

PT Buana Lintas Lautan Tbk (IDX:BULL)

The sailing and shipping company having a plan to issue of 3.4 billion new shares or 31.78 percent of the total shares. From this right issue, the company hopes to reap funds Rp935 billion.

PT Surya Esa Perkasa Tbk (IDX:ESSA)

One of natural gas company, recorded the fantastic net profit growth of 1,519.16 percent to $41.41 million in 2018 from $2.56 million in 2017. The growth was contributed by company sales on ammonia and processing services.

Binaartha Technical Research viewed there will be a correction on Jakarta Composite Index so the index is going to be on support level in 6,467-6,481. The stocks which can be considered by investors are PT Delta Dunia Makmur Tbk (IDX:DOID), PT Indo Tambangraya Megah Tbk (IDX:ITMG), PT Malindo Feedmil Tbk (IDX:MAIN), PT Perusahaan Gas Negara Tbk (IDX:PGAS), PT Bukit Asam Tbk (IDX:PTBA) and PT United Tractors Tbk (IDX:UNTR).

While, Indosurya Bersinar Sekuritas sees followed the central bank to release of economic data on the consumer confidence index today can provide positive sentiment, thus indicating that the economy is still running well and stable, today the JCI has the potential to rise.

Today William Surya Wijaya served a menu PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Pakuwon Jati Tbk (IDX: PWON), PT Indofood CBP Makmur Tbk (ICBP), PT Mayora Indah Tbk (IDX: MYOR), PT Unilever Indonesia Tbk (IDX: UNVR), PT Kalbe Farma Tbk (IDX: KLBF), PT HM Sampoerna Tbk (IDX: HMSP), and PT BPD Jatim (IDX: BJTM).

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia