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WSKT: Waskita Toll Road Bakal Lepas 4 Ruas Tol...: PT Waskita Toll Road menyampaikan rencana divestasi atas empat ruas tol yang dikelola perseroan pada tahun ini.
Direktur Utama PT Waskita Toll Road WTR) Herwidiakto menyampaikan, perseroan masih melakukan kajian terhadap divestasi empat ruas tol. Namun, dirinya enggan membeberkan, berapa target dana yang akan dihimpun dari divestasi 4 ruas tol anak usaha PT Waskita Karya Tbk (WSKT) ini.
Empat ruas yang akan dilepas sebagian adalah bagian dari proyek Trans Jawa, antara lain ruas tol Kanci-Pejagan, Pejagan-Pemalang, serta Pasuruan-Probolinggo.
Sementara satu opsi lainnya masih dikaji antara ruas tol Medan-Kualanamu, Semarang Batang, atau Pemalang-Batang. "[Divestasi] masih digodok ya, minimal 4 ruas tol," kata Herwidiakto kepada CNBC Indonesia, Kamis (20/2/2020).
Sebelumnya, Waskita Toll Road melepas kepemilikan 40% di ruas Solo-Ngawi yang dioperasikan PT Jasamarga Solo Ngawi (JSN) dan 40% saham di ruas Tol Ngawi-Kertosono- Kediri (PT Jasamarga Ngawi Kertosono Kediri/JNK) ke Kings Key Limited, investor asal Hong Kong. Dari divestasi dua ruas ini, perseroan meraih dana Rp 2,5 triliun.
"Ini kan bisa dipake buat muter lagi, kalo kita return (kelola) 18 atau 16 tol sekarang. Berhenti nih. Jalan di tempat. Siapa yang mau support target pemerintah, 2500 (Km) panjang, kalo kita udah ga punya duit gimana nambah tol," kata Herwidiakto usai penandatanganan Akta Jual Beli dengan Kings Key Limited di Jakarta, Rabu (18/12/2019).
Herwidiakto mengakui, nilai revenue yang didapat dari total 18 tol keseluruhan pun tidak mampu untuk menutupi utang serta membiayai proyek perusahaan ke depan. Karenanya, perusahaan sudah merencanakan untuk mendivestasi 4 ruas tol.

Bank Indonesia Akhirnya Pangkas Suku Bunga Jad...: Rapat Dewan Gubernur (RDG) Bank Indonesia pada 19-20 Januari 2020 memutuskan untuk memangkas BI 7-Day Reverse Repo Rate (BI7DRR) sebesar 4,75%.Suku bunga deposit sebesar 4,00%, dan suku bunga pinjaman sebesar 5,50%.Gubernur Bank Indonesia (BI) Perry Warjiyo menuturkan kebijakan moneter tetap akomodatif dan konsisten dengan prakiraan inflasi yang terkendali dalam kisaran sasaran, stabilitas eksternal yang terjaga, serta upaya untuk menjaga momentum pertumbuhan ekonomi domestik.Hasil RDG ini sesuai dengan perkiraan ekonom yang meyakini suku bunga BI akan diturunkan sebesar 25 basis poin (bps).

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Indonesia Daily Focus Apr...

Mirae Asset Sekuritas Indonesia
Daily Focus
Monthly Strategy - April: Managing market volatility
JCI to likely remain volatile in AprilWe expect JCI to keep fluctuating in April as Indonesia has not reached the peak of daily new confirmed COVID-19 cases. Although most researchers estimate the peak to happen in May-June, we estimate that the peak in Indonesia would be reached beyond June if the government can’t manage to stop the tradition of returning to hometown prior to the fasting month and Eid al-Fitr.
Indonesia’s manufacturing PMI drops to all-time lowTriggered by the COVID-19 impact, Indonesia’s manufacturing PMI dropped to all-time low of 45.3 in March (vs. 51.9 in February) as production and new orders plummeted along with collapsed demand from export and domestic markets. Foreign investors tend to book net outflow from Indonesia’s equity when Indonesia’s manufacturing PMI is in contraction.
Changes in consumers’ behaviors during COVID-19 outbreakAccording to a survey by Nielsen, due to the pandemic, home-cooking is on the rise, driving the growth of staples and cooking seasoning. Health-related products are also consumed more frequently. This should be positive for consumer staples and healthcare companies.
Monthly top picks for AprilAmid the continued slowdown in business activities due to COVID-19, we maintain defensive stocks as our monthly top picks for April, i.e. INDF, ICBP, MYOR, UNVR, KLBF, SIDO, MIKA and UNTR. As of April 3rd, our equally weighted top picks generated an accumulated return of -2.2% (vs. JCI's accumulated return of -27.7%) since the inception of our monthly top picks report in August 2019. Therefore, our top picks outperformed JCI by 25.4%.

Monthly Strategy - April:...

Mirae Asset Sekuritas Indonesia Strategy FocusMonthly Strategy - April: Managing market volatility by Hariyanto Wijaya CFA, CPA (Aust), CMT (hariyanto.wijaya@miraeasset.co.id)Apr 6, 2020
Monthly Strategy - April: Managing market volatility
JCI to likely remain volatile in AprilWe expect JCI to keep fluctuating in April as Indonesia has not reached the peak of daily new confirmed COVID-19 cases. Although most researchers estimate the peak to happen in May-June (see Table 2), we estimate that the peak in Indonesia would be reached beyond June if the government can’t manage to stop the tradition of returning to hometown prior to the fasting month and Eid al-Fitr.
Indonesia’s manufacturing PMI drops to all-time lowTriggered by the COVID-19 impact, Indonesia’s manufacturing PMI dropped to all-time low of 45.3 in March (vs. 51.9 in February) as production and new orders plummeted along with collapsed demand from export and domestic markets. According to Markit, following factory shutdowns, employment fell at the quickest rate in 4.5 years. Foreign investors tend to book net outflow from Indonesia’s equity when Indonesia’s manufacturing PMI is in contraction.
Changes in consumers’ behaviors during COVID-19 outbreakAccording to a survey by Nielsen, due to the pandemic, home-cooking is on the rise, driving the growth of staples and cooking seasoning. Health-related products are also consumed more frequently. This should be positive for consumer staples and healthcare companies.
March in review: Stocks in free fallJCI dropped by 16.8% MoM in March, the deepest monthly fall so far since October 2008, following the first confirmed COVID-19 case in Indonesia and the declaration of COVID-19 as a pandemic by the WHO in March. The index briefly hit below 4,000 level for the first time since July 2012 as more and more disturbing data came out. All sectors, again, closed the month in red, with finance and basic industry being the biggest draggers to the index. However, the index was partly cushioned by consumer sector, which showed relatively resilient performance.
Monthly top picks for AprilAmid the continued slowdown in business activities due to COVID-19, we maintain defensive stocks as our monthly top picks for April, i.e. INDF, ICBP, MYOR, UNVR, KLBF, SIDO, MIKA and UNTR. Our top picks in April lean more towards consumers, hospital, and UNTR as a USD earner. We continue to like INDF, ICBP, and MYOR as we think that their products are the key beneficiaries of the stay-at-home preference during the COVID-19 outbreak. We like UNVR for its decent earnings growth and its undemanding valuation which is below its mean P/E. Particularly, UNVR’s Lifebuoy products benefit from the COVID-19-related fear. We like UNTR as we think UNTR as a USD earner is a good counter to monetize the currently weakening Rupiah.
As of April 3rd, our equally weighted top picks generated an accumulated return of -2.2% (vs. JCI's accumulated return of -27.7%) since the inception of our monthly top picks report in August 2019. Therefore, our top picks outperformed JCI by 25.4%.

Mirae Asset Sekuritas Ind...

Market comment by Hariyanto Wijaya, CFA, CPA (Aust), CMT (hariyanto.wijaya@miraeasset.co.id)IHSG ditutup lebih tinggi 2.0% pada hari Jumat karena semua sektor meningkat, mengharapkan sektor properti karena permintaan properti dan sewa kantor melemah selama wabah coronavirus. Kasus coronavirus yang dikonfirmasi di Indonesia telah melampaui level 2,000. Indonesia telah menjadi kasus kematian terbesar virus coronavirus di Asia setelah Cina. Investor harus mengawasi laporan survei konsumen bulan Maret yang akan diterbitkan hari ini. Kami berharap IHSG akan berkonsolidasi hari ini.
Indeks AS turun pada hari Jumat karena sentimen investor tetap suram setelah New York melaporkan lonjakan satu hari terbesar dalam kematian terkait dengan virus corona, karena jumlah kasus virus korona yang dikonfirmasi atas 200,000 di AS. Departemen Tenaga Kerja mengungkapkan nonfarm payrolls menyusut 701,000 pada Maret (di atas ekspektasi konsensus penurunan 100,000), yang menandai penurunan dalam pekerjaan AS sejak 2010. Tingkat pengangguran melonjak menjadi 4.4% dari 3.5% Februari, mencatat yang paling signifikan naik bulan sejak 1975. Harga minyak mentah WTI melonjak 13% menjadi USD28.56/barel pada hari Jumat setelah OPEC, dan sekutu-sekutunya mengumumkan grup akan mengadakan pertemuan virtual pada hari Senin untuk membahas potensi pengurangan produksi.

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