JAKARTA (TheInsiderStories) — The Jakarta Composite Index increased by 1.07 percent to 6,257.33, on Tuesday, as there was Rp383.38 billion (US$26.81 million) foreign inflows. Property sector supported the upturn by hiking 3.38 percent.
While, financial sector rose by 1.41 percent and miscellaneous industry increased by 1.28 percent. For today, Erdikha Elit Sekuritas analyst Edo Ardiansyah predicted that stocks market will be bullish in a range of 6,050-6,370.
Indonesia’ first listed-soccer club PT Bali Bintang Sejahtera Tbk (IDX: BOLA) continued being the top gainer by rocketing 25 percent to Rp370 a share, PT Semen Baturaja Tbk (IDX: SMBR) followed by 24.8 percent to Rp980 each and PT Duta Pertiwi Tbk (IDX: DUTI) by 24.3 percent to Rp4,750 a piece.
Cinema provider PT Graha Layar Prima Tbk (IDX: BLTZ) was the top loser by falling 23.2 percent to Rp3,800 a piece. Furthermore, PT Indonesian Paradise Property Tbk (IDX: INPP) and PT Armidian Karyatama Tbk (IDX: ARMY) declined by 19.6 percent to Rp800 each and 17.9 percent to Rp220 each, respectively.
PT Sri Rejeki Isman Tbk (IDX: SRIL)
Trade dispute between United States and China brings fortune to the textile company. Sri Rejeki Isman sales to the US market increased by around US$25 million to US$30 million, the management said.
PT Bumi Resources Tbk (IDX: BUMI)
The Bakrie-owned company planned to pay around $42 million debt in July, while expecting could pay more to $50 million if their sales would turn well. Bumi Resources targets paying up to $250 million debt until 2020. And with China Investment Corporation and China Development Bank are being shareholders, BUMI put several names from both institutions for director and commissioner positions.
PT Erajaya Swasembada Tbk (IDX: ERAA)
The telecommunication devices retail provider is getting Rp4.48 trillion loan from PT Bank Central Asia Tbk (IDX: BCAA) for working capital. Not only that, Erajaya and BBCA also agreed on extending its previous loan facility.
PT Sinar Mas Agro Resources and Technology Tbk (IDX: SMAR)
The issuer allocated Rp1.1 trillion capital expenditure in this year. Around 55 percent of the capex will be used for upstream development and replanting in South Kalimantan and North Sumatera. Meanwhile, 45 percent will be used for downstream facility and oleochemical plant development.
PT Satyamitra Kemas Lestari Tbk
Packaging company Satyamitra Kemas Lestari will issue 32.1 percent shares through Initial Public Offering. With the price tagged at Rp150-Rp200 per share, it expects getting Rp195 billion to Rp260 billion fresh funding.
Ardiansyah’ recommendations for today are PT HM Sampoerna Tbk (IDX: HMSP), PT Astra International Tbk (IDX: ASII), PT XL Axiata Tbk (IDX: EXCL), and PT Perusahaan Gas Negara Tbk (IDX: PGAS) stocks.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia