Market Prediction
In yesterday's trading, JCI closed down 0.97% at the level
of 6,090. The weakening occurred because the market
observed that inflation data was still low, indicating that
public consumption was still facing many challenges.
Indonesian manufacturing index for August period was
still below level of 50, indicating that domestic
manufacturing conditions were still contracting.
Meanwhile, US stock markets closed mixed, following ADP
report ahead of the employment report that private
employers hired fewer workers than expected in August.
On the other hand, US manufacturing activity recorded an
increase driven by strong demand.
Commodities Review
- Spot gold traded in a narrow range until late
trading in early September. Sentiment came as
most investors focused on the outlook for the US
economy and awaited key employment data that
could affect the Federal Reserve's tapering plan.
- Oil prices stabilized in early September trading
after OPEC+ agreed to stick to their existing policy
of gradually increasing oil production.
Macro Economic News
- The Caixin China General Manufacturing
PMI fell to 49.2 in August 2021 from 50.3 in
July, missing market estimates of 50.2.
- Indonesia's annual inflation inched up to
1.59 percent in August of 2021 but slightly
below forecasts of 1.60 percent.
- South Korea's trade surplus decreased
sharply to USD 1.67 billion in August 2021
from USD 3.65 billion in the same month a
year earlier, a preliminary reading showed
This was the smallest trade surplus since
April, amid an ongoing coronavirus
pandemic.
Corporate news
- PT Waskita Beton Precast Tbk (WSBP) recorded an unsatisfactory performance during the first semester
of 202 which posted a net loss of IDR 177.01 billion. WSBP posted revenue of IDR 410.86 billion. This
figure is down 62.68% compared to the same period last year of IDR 1.1 trillion.
- PT Sinergi Inti Plastindo Tbk (ESIP) managed to record an increase in sales performance in the first six
months of 2021 where ESIP's net sales were recorded at IDR 23.13 billion. That number increased by
3.58% compared to net sales in the same period the previous year of IDR 22.33 billion.
- PT Samindo Resources Tbk (MYOH) posted a net profit of US$ 13.90 million in the first semester of 2021.
This profit rose 15.73% from net profit in the same period last year of US$ 12.01 million.
- PT Darmi Bersaudara Tbk (KAYU) posted a significant decline in sales in the first half of this year, which
recorded a net sales decline of 85.07% to IDR 4.37 billion. Whereas in the same period last year, the
company still recorded sales of IDR 29.30 billion.
PT Kiwoom Sekuritas Indonesia (KSI)
Treasury Tower 27th Floor Unit A, District 8 Kawasan SCBD Lot 28
Jl.Jend.Sudirman Kav 52-53, Jakarta Selatan 12190
Telp : +62 21 5010 5800
Fax. +62 21 5010 5820
Website : www.kiwoom.co.id
