Jakarta (TheInsiderStories) – Good Morning! Last week, Jakarta Composite Index closed down 0.68 percent to 6,373.34 from prior day closed up 0.1 percent to 6,417.07. For today, the composite index is estimated lowering to 6,334-6,354.
On Friday, the top gainers were PT Hensel Davest Indonesia Tbk (IDX: HDIT) and PT Trikomsel Oke Tbk (IDX: TRIO) which was closed up 49.52 percent to Rp785 a share and 24.82 percent to Rp342 each, respectively.
Meanwhile, the top losers were PT Indo Komoditi Korpora Tbk (IDX: INCF) which was closed down 34.9 percent to Rp125 a piece, followed by PT Bliss Properti Indonesia Tbk (IDX: POSA) which was closed down 24.5 percent to Rp570 per share.
PT Sentral Mitra Informatika Tbk (IDX: LUCK)
The company said this year will invest Rp30 billion (US$2.13 million) to support its business expansion. The service company intends to add branches in 15 regions across the nation.
PT Merdeka Copper Gold Tbk (IDX: MDKA)
The miner planned to adding capital through a private placement by issuing 215 million new shares. The permission letter of this action has been received since March 11, 2019, said the company.
PT Waskita Beton Precast Tbk (IDX: WSBP)
The company received new contracts of Rp3.1 trillion until first half of 2019, increased 4.4 percent from same period of last year. Its unit, PT Waskita Toll Road with an investor from Hong Kong is in the stage of due diligence to acquire PT Jasa Marga Tbk’ (IDX: JSMR) toll roads, namely PT Jasamarga Solo Ngawi and PT Jasamarga Ngawi Kertosono Kediri with share portion 40 percent each. The agreement will take place in August 2019 with a value that has been closed.
PT Wijaya Karya (Persero) Tbk (IDX:WIKA)
The infrastructure company hopes to raise revenue of Rp9.5 trillion from the fast train Jakarta-Bandung line. The project company has completed 23 percent of the project and predicts to complete 60 percent of it on the end of this year.
PT Communication Cable System Indonesia Tbk (IDX: CCSI)
The infrastructure company allocated funds Rp42.35 billion to support the fiber optical cable project. The investment comes from initial public offering.
For today, Artha Sekuritas recommends PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Waskita Beton Precast Tbk (IDX: WSBP) and PT Bumi Serpong Damai Tbk (IDX: BSDE) stocks to be watched.
May you have a profitable week!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia