Indonesian Digital Banking will Grow Rapidly in Coming Years

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) was closed up 0.69 percent to 6,098.97 from previous day which closed up 0.41 percent to 6,057.35. For today, the composite index is estimated to slightly strengthen in the range 6,080-6,155, said Reliance Sekuritas.

Top Gainers

On Monday, the top gainers were PT SLJ Global Tbk (IDX: SULI) stock, after closed up 33.85 percent to Rp87 per share and PT Sekar Bumi Tbk (IDX: SKBM) share which closed up 22.34 percent to Rp460 a piece.

Top Losers

While the top losers were PT Majapahit Inti Corpora Tbk (IDX: AKSI) and PT Express Transindo Utama Tbk (IDX: TAXI) stock which closed down 15.72 percent to Rp268 each and 15.25 percent to Rp50 a share respectively.

PT Mitra Komunikasi Nusantara Tbk (IDX: MKNT)

The company became the top losers by decreasing 47.6 percent in period May 20 until May 24 and make the company is on the list of monitoring of Indonesia Stock Exchange.

PT Indonesian Tobacco

The tobacco company has released 274.06 million of share through initial public offering since May 27 until May 30, 2019. The shares are 29.13 percent of company’ capital with nominal Rp50 a share.

PT Tridomain Performance Materials Tbk (IDX: TDPM)

The petrochemical producer planned to issue local bond worth of Rp400 billion (US$27.78 million) with coupon rate 10.5-11.0 percent. The offering period of the bonds on May 27 until June 14, public offering on June 25 – 26, and the principal repayment will falls on June, 2022.

PT Mitra Pinasthika Mustika Tbk (IDX: MPMX)

The company distributed dividends around Rp2.1 trillion or 56.75 percent from net income of 2018 Rp3.7 trillion.

PT Asuransi Jiwasraya

The insurance company will issue medium term notes of Rp500 billion with coupon 11.25 percent. The MTN is not affirmated by rating agency and only has tenor less than a year.

For today, Reliance Sekuritas recommended PT Tunas Baru Lampung Tbk (IDX: TBLA), PT Waskita Beton Tbk (IDX: WTON), PT Semen Indonesia Tbk (IDX: SMGR), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Negara Indonesia Tbk (IDX: BBNI), and PT Bank CIMB Niaga Tbk (IDX: BNGA).

Then, PT Bank Danamon Tbk (IDX: BDMN), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Timah Tbk (IDX: TINS), PT Waskita Karya Tbk (IDX: WSKT), PT Erajaya Swasembada Tbk (IDX: ERAA), PT Mitra Adiperkasa Tbk (IDX: MAPI), PT Ramayana Lestari Sentosa Tbk (IDX: RALS), and PT Surya Eka Perkasa Tbk (IDX: ESSA) stocks to be watched.

US$1: Rp14,400

May you have a profitable day!

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