Indonesian Digital Banking will Grow Rapidly in Coming Years

JAKARTA (TheInsiderStories) – Good Morning! the Jakarta Composite Index was closed up 0.33 percent or 21.06 point to 6,379.69 from on Monday (07/01) from the previous day, which was closed at 6,358.63. For today, the composite index is estimated move in the range 6,257-6,488.

Top Gainers

Yesterday, the top gainers were PT Krida Jaringan Nusantara Tbk (IDX: KJEN) and PT Yule Sekuritas Tbk (IDX: YULE) which were closed up 49.50 percent to Rp302 per share and 26.52 percent to Rp167 a piece, respectively.

Top Losers

While, the top losers were PT Pool Advista Indonesia Tbk (IDX: POOL) which lower to 16.96 percent to Rp1,910 each, followed by PT Alfa Energi Investama Tbk (IDX: FIRE) and PT Tunas Alfin Tbk (IDX: TALF) which were closed 16.77 percent to Rp4,280 a piece and 16.47 percent to Rp284 per share, respectively.

PT Fajar Surya Wisesa Tbk (IDX: FASW)

Thailand company, Siam Cement Group (SCG) officially acquired 55 percent the company’ share after crossing transaction of Rp9.6 trillion done on June 28, 2019.

PT Bank Mandiri Tbk (IDX: BMRI)

The international rating institution, S&P affirmed long term loan’s rating of PT Bank Mandiri Tbk to BBB- with outlook “stable” from previous rank BB+. The new rating is for rupiah loan and foreign currency loan.

PT Garuda Indonesia Tbk (IDX: GIAA)

Indonesia Stock Exchange (IDX) decided not to suspend the state-owned flight carrier share, even though the company received sanctions from the regulator. It said, the regulatory body only suspend selectively, prudently, and responsibly.

PT ABM Investama Tbk (IDX: ABMM)

The subsidiary of ABM Investama, PT Cipta Kridatama received a new coal mining contract from PT Multi Harapan Utama worth of US$336 million. In the agreement, the unit will support PT Multi Harapan Utama’ business in the heavy equipment leasing and overburden removal.

PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA)

IDX continued the suspension to Tiga Pilar Sejahtera’ stock due to the publication of the audited financial statement of 2018 and fine payment. The suspension has been begun since July 5, 2018.

PT Bakrieland Development Tbk (IDX:ELTY)

Unit of Bakrie Group received sanctions from the Indonesia Stock Exchange for not submitting financial statements for the 2018 financial year, and has not paid the late reporting penalty. The bourse ecided to temporarily stop ELTY shares trading starting Monday and gave an additional fine of Rp150 million ($10.56 million).

For today, PT Indosurya Sekuritas recommended stock of PT Astra International Tbk (IDX: ASII), PT Astra Agro Lestari Tbk (IDX: AALI), PT PP London Sumatera Indonesia Tbk (IDX: LSIP), PT Nippon Sari Corpindo Tbk (IDX: ROTI), PT Indofood Sukses Makmur Tbk (IDX: INDF), and PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP) to be watch.

Then, PT Mayora Indah Tbk (IDX: MYOR), PT Unilever Indonesia Tbk (IDX: UNVR), PT Gudang Garam Tbk (IDX: GGRM) and PT HM Sampoerna Tbk (IDX: HMSP) stocks.

US$1: Rp14,200

May you have a profitable day!

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