Indonesia stocks to watch Tuesday: Delta Jakarta, AKR Corporindo, Jasa Marga

Indonesian rupiah notesIndonesian rupiah notes
JAKARTA (TheInsiderStories) – Jakarta Composite Index on Monday (03/18) closed to 6,509.45, or up 0.75 percent from last week at the level of 6,451.18. Based on data from the Indonesia Stock Exchange (IDX), PT. MNC Kapital Indonesia Tbk (IDX: BCAP) led the stock gain after closing up 28.57 percent or 42 points to Rp189 per share.
Following the BCAP,  PT Multipolar Technology Tbk (IDX: MLPT) surged 24.73 percent or 225 points to close at Rp1,135 per share.
Furthermore, foreign investors continue the net buying actions by booking a net buy worth around Rp687.75 billion.
Foreign investors booked around 881.96 million shares worth Rp2.36 trillion. The sell-off by foreign investors recorded 546.28 million shares worth around Rp1.55 trillion.
The total transaction value that occurred on the trading floor reached around Rp8.29 trillion with trading volume recorded at around 16.12 billion shares.
In addition to these two stocks, there are also a number of corporate actions that should be noticed to:

PT Delta Jakarta Tbk (IDX: DLTA)

San Miguel Malaysia Private Limited has a big chance to buy around 27 percent of the shares of DLTA owned by the Jakarta Provincial Government. Reportedly, the provincial Government requested DLTA prices with price to book value (PBV) of 5 times, from the current one of 4.5 times.

PT AKR Corporindo Tbk (IDX: AKRA)

The oil and gas producer reported the net profit rose 37 percent to Rp1.64 trillion (US$115.49 million) last year, compared to 2017 of Rp1.20 trillion. This profit growth was supported by the company’s revenue which rose by 29 percent from Rp.23.55 trillion from 2017 to Rp18.29 trillion.

PT Jasa Marga Tbk (IDX: JSMR)

The toll road developer recorded a net profit in 2018 to reach Rp2.2 trillion, grew slightly by 0.09 percent from 2017 at Rp 2.2 trillion.
JSMR’ net profit was supported by the company’s revenue which grew 5.36 percent to Rp36.97 trillion from 2017 at Rp35.09 trillion. In addition, JSMR also received credit from the profit from the investment release of Rp. 876.91 billion.

PT Bank Mandiri Tbk (IDX: BMRI)

The state-owned bank clarified the news about the plan to acquire PT. Bank Permata Tbk (IDX: BNLI). President Director of the bank Kartika Wirjoatmodjo confirmed the company’ plan to acquire two medium-sized banks, but did not explicitly mention Bank Permata.

PT Aneka Gas Industri Tbk (IDX: AGII)

The company has completed the process of bond offering Rp300 billion to refinance the maturing debt in this year which amounted to Rp240 billion. The remaining Rp50 billion will be used for capital expenditure.
Other shares to watch according to William Surya Wijaya from PT Indosurya Bersinar Sekuritas are PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Astra Internasional Tbk (IDX: ASII), PT London Sumatra Plantation Tbk (IDX: LSIP), PT Wijaya Karya Tbk (IDX: WIKA), PT Telkom Indonesia Tbk (IDX: TLKM), PT Gudang Garam Tbk (IDX: GGRM), PT Unilever Indonesia Tbk (IDX: UNVR), and PT Total Persada Tbk (IDX: TOTL).

Have a Nice Trading

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


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