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Jakarta, CNBC Indonesia – The Composite Index of Stock Prices (IHSG) at the close of the day on Thursday (03/12/20) closed slightly in green, appreciated 0.15% to the level of 5,822.94. But today, JCI is prone to correction due to a record spike in new covid-19 cases, exceeding 8,300 cases.
Trade data pointed out that foreign investors made net purchases of Rs 121 billion on the regular market in yesterday’s trading with today’s transaction value of Rs 19.6 trillion.
JCI turned green after investors responded to positive news about Pfizer’s corona vaccine, even though the strengthening slowed as market players took profits after JCI soared last month.
Undoubtedly, the main driving force of the domestic capital market comes mainly from the US jumbo stimulus factor, which will be discussed again and also from the news of the two corona vaccines, namely, Pfizer, which evaluates the readiness of the Vaccine distribution as assessed by the European Union Agency for Medicines that could emerge later this year. .
The enormous stimulus that Mnuchin and Pelosi will discuss will also bring positive news for the stock exchanges of emerging market countries, especially Indonesia, which remains the prima donna for this category.
When this jumbo stimulus melts, the circulation of the US dollar will rise until its value declines, making domestic assets less attractive, so global investors tend to move their funds to emerging market countries like Indonesia, which they will be ready for the influx of foreign funds.
In order to resume operations before this weekend, it is best to listen to a series of news about the issuer that happened yesterday.
1. To pay off debts, issuer Sandi Uno issues bonds worth 750 billion IDR.
Issuer that provides telecommunications infrastructure services, PT Tower Bersama Infrastructure Tbk (TBIG) has completed the issuance of Continuous Bond IV Tower Bersama Infrastructure Phase II Year 2020 with an issuance value of IDR 750 billion.
The bond issue consisted of a principal amount of Rs 295 billion with a fixed interest rate of 5.75% with a term of 370 days and the remainder of Rs 455 billion with a fixed interest rate of 7, 25% for a term of 3 years. The interest on these bonds will be paid quarterly.
2. Bank credit can grow up to 9% in 2021
Bank Indonesia Governor Perry Warjiyo believes that bank credit may grow up to 9% next year. Although he is currently under pressure due to the Covid-19 pandemic.
This was broadcast at the opening of the Bank of Indonesia 2020 Annual Meeting with the theme ‘Synergize to generate optimism for economic recovery’ which took place virtually on Thursday (03/12/2020).
Not just credit, Third Party Funds (DPK) are also expected to continue growing by 9% next year.
3. There is a pandemic, BNI maintains credit growth in the 4% range
PT Bank Negara Indonesia (Persero) Tbk (BBNI) is committed to maintaining credit growth until the end of the year in the range of 2-4% YoY (YoY).
The director of Corporate Banking of Banco BNI, Silvano Rumantir, admitted that during the pandemic almost all economic sectors were affected directly or indirectly, including what BNI experienced.
“Some of the debtors in the small and medium-sized business segment were also affected. We decided on the soundness of risk management. We are committed to maintaining growth and credit quality, with growth aspirations of 2-4% year-on-year “he told CNBC Indonesia in Jakarta on Thursday (3 12/2020).
4. During the suspension, the KRAS project worth Rp. 3.9T is ready to emerge
The project of PT Meratus Jaya Iron & Steel (PT MJIS), a subsidiary of PT Krakatau Steel Tbk (KRAS), stalled even though it had spent an investment of Rs 3.9 trillion. The Investment Coordination Board (BKPM) aims to reactivate the iron ore processing project.
“We see that this is really a shame. The investment has been made in ongoing 2 trillion rupees. Now we are together in search of the correct formulation. This should be a source of income and economic growth in the Tanah Bumbu area, which in the end it can create jobs, “he said. BKPM Director Bahlil Lahadalia in an official statement quoted on Thursday (3/12).
