– The Jakarta Composite Index
(JCI) was closed down 0.75 percent or 48.28 points at 6,425.73 on Monday (04/08) compared to last Friday at 6,474.02. In the midst of this weakening, a number of issuers posted increases and decreases in share prices and some took corporate actions.
Shares of PT Arita Prima Indonesia Tbk (IDX: APII) posted the biggest price increase in trading on Monday after it was closed down 24.59 percent at Rp228 per share. Following the successive APII reinforcement are the shares of PT Charnic Capital Tbk (IDX: NICK) which was closed down 24.56 percent and shares of PT Indo Komoditi Korpora Tbk (IDX: INCF) which was shot 24.49 percent.
Shares of PT Pikko Land Development Tbk (IDX: RODA) posted the deepest price decline on Monday’s trading after closed down 24.66 percent at Rp550 (US$0.04) per share. Followed by PT Pool Advista Indonesia Tbk (IDX: POOL) shares, which ended down 18.03 percent at the level of Rp2,500 a share.
PT Toba Bara Sejahtra Tbk (IDX:TOBA)
The coal miner plans to increase capital by issuing new shares by releasing 470 million shares with a nominal value of Rp 200 each.
PT Bukit Uluwatu Villa Tbk (IDX: BUVA)
The hospitality issuer will apply for bank loans with total amount
$140 million. The loan will be used to complete the construction of several hotels and expansion of new businesses.
PT Delta Djakarta Tbk (IDX: DLTA)
Alcoholic beverage issuer, PT Delta Djakarta Tbk managed to book sales in 2018 of Rp893.01 billion, up 14.88 percent compared to 2017. This sale exceeded the growth target set at 5 percent.
PT Bumi Resources Minerals Tbk (IDX: BRMS)
Unit of PT Bumi Resources Tbk (IDX: BUMI) stated that its performance during the first quarter of 2019 was going smoothly. The BRMS management claims to have posted revenues of up to $1 million as of March 2019.
Initial Public Offering
Today, PT Menteng Heritage Realty Tbk will offer its shares to retail investors. The property developer ready to release 20 percent of its shares or around 1.19 billion shares of the total amount placed and fully paid by the company with an offering price of Rp 101-Rp 105 company. Thus, the company targets fresh funds of Rp 120.36 billion.
PT Indosurya Bersinar Sekuritas sees the JCI has the potential to rise today, amid ongoing exchange rate and commodity price fluctuations. It said, economic data on retail sales which is expected to show an increase to be released soon is expected to help boost the JCI in short term.
William Surya Wijaya served these stock to watch for today. PT Sri Rejeki Isman Tbk (IDX: SRIL), PT Pakuwon Jati Tbk (IDX: PWON), PT Total Bangun Persada Tbk (IDX: TOTL), PT Summarecon Agung Tbk (IDX: SMRA), PT Surya Citra Media Tbk (IDX: SCMA), PT Gudang Garam Tbk (IDX: GGRM), PT Bank Central Asia Tbk (IDX: BBCA), PT Unilever Indonesia Tbk (IDX: UNVR), PT Kalbe Farma Tbk (IDX: KLBF), and PT HM Sampoerna Tbk (IDX: HMSP).
While, Binaartha Technical Research indicated a potential for further correction on the JCI movement so that it is likely to head to the support area at the level of 6.340-6.382.
As for a number of stock recommendations that can be considered by investors are PT Adaro Energy Tbk (IDX: ADRO), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT HM Sampoerna Tbk (IDX: HMSP), PT Steel Pipe Industry of Indonesia Tbk (IDX: ISSP), PT Perusahaan Gas Negara Tbk (IDX: PGAS), and PT Bukit Asam Tbk (IDX: PTBA).
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia