Indonesian Stock to Watch on Monday, April 15

Some analyst sees the Jakarta Composite Index (JCI) and Rupiah will enter the green zone territory after the Constitutional Court ruling on the 2019 presidential election - Photo by The Insider Stories

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) edged down 0.07 percent to 6,405.87 on Friday (04/12), after was closed at 6,410.17 with a weakening of 1.05 percent on Thursday.

Top Gainers

In the midst of this weakening, there were a number of issuers that posted the highest price increase, namely PT Menteng Heritage Realty Tbk (IDX: HRME) which posted a price increase of 69.52 percent at the level of Rp178 per share. The next strongest position were PT Meta Epsi Tbk (IDX: MTPS) and PT Indo Komoditi Korpora Tbk (IDX: INCF) shares, which shot 25 percent and closed at Rp750 and Rp580 per share, respectively.

Top Losers

Shares of PT Kioson Komersial Indonesia Tbk (IDX: KIOS) posted the deepest price decline in trading on Friday (4/12), after closing down 24.75 percent at the level of Rp1,110 per share. Then, shares of PT Capri Nusa Satu Properti Tbk (IDX: CPRI) which fell 23.2 percent at Rp149 per share.

PT Waskita Karya Tbk (IDX: WSKT)

State-owned toll developer has channeled investment Rp 1.14 trillion (US$81.43 million) to PT Jasamarga Solo Ngawi. The joint venture company develop with other state-owned toll operator PT Jasa Marga Tbk (IDX: JSMR) will use this fund to support its operational needs.

PT Menteng Heritage Realty Tbk (IDX: HRME)

The hotel chain operator planned to expand their business to marine tourism service provider in the next few years. This action its expected will increase the contributions of domestic tourism to the company’ revenues.

PT Japfa Comfeed Indonesia Tbk (IDX: JPFA)

Poultry issuer aimed to complete the construction of 10 silos at the second quarter of 2019, with a capacity of 30,000 tons. The addition of the silo capacity is expecter to absorb post harvest corn and meeting the feed business needs.

PT Saratoga Investama Sedaya Tbk (IDX: SRTG)

Vice presidential candidate Sandiaga Salahuddin Uno have pocketed funds up to Rp633.5 billion since the beginning of October 2018 until Friday, from the share sales of 168 million shares of Saratoga. The funds is believing use for the election campaign.

Phillip Asset Management

Philip Asset Management officially launched its first ETF mutual fund product with the XPMI code on Friday. The ETF mutual fund products are based on shares in the MSCI Indonesia index and are fully named Phillip ETCI Index Equity Index.

Furthermore, Binaartha Technical Research indicates a potential rebound in the JCI movement so that it is likely to reach the level of 6,420-6,435.

As for a number of stock recommendations to be considered are PT ANTAM Tbk (IDX: ANTM), PT Bank Mandiri Tbk (IDX: BMRI), PT Eagle High Plantations Tbk (IDX: BWPT), PT Garuda Maintenance Facility AeroAsia Tbk (IDX : GMFI), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), and PT Telekomunikasi Indonesia Tbk (IDX: TLKM).

US$1: Rp14,000

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