Today’s Important News that You May Have Missed
Corporate News

$INDF
Indofood PT Lowered at Sinarmas Amid Palm Oil Uncertainties
(Bloomberg) -- While the price of crude palm oil may be near its bottom, uncertainties over how soon and fast it can recover has raised concerns over the outlook of Indofood Sukses Makmur, according to Wilbert Ham, analyst at Sinarmas Sekuritas.
* Lowers stock target price to 8,650 rupiah from 9,675 rupiah and keeps buy recommendation
* Expects Indofood’s foreign exchange losses to shrink in coming quarters as rupiah exchange rate stabilizes
* Sees continued strong performance from Indofood CBP Sukses Makmur and Bogasari Flour Mills units in coming quarters
* NOTE: Earlier, PALM OIL: Futures Drop to Fresh 3-Year Low on Indonesia Levy Cut
* NOTE: Oct. 31, Indofood Sukses Makmur’s 9-Month Net Income Falls 14% Y/Y
https://stockbit.com/post/2046982

Banking Stocks
Indonesian Banks Extend Gains as Central Bank Outlines Policy
(Bloomberg) -- Indonesian banks extended their gains as Bank Indonesia Governor Perry Warjiyo vowed to maintain the central bank’s pre-emptive policies into 2019.
* Bank Indonesia policies will focus on economic and currency stability, while promoting growth, Warjiyo said in a speech in Jakarta
* Jakarta Finance Index gains as much as 0.4%
** Bank Rakyat Indonesia +1.4%, Bank Mandiri +0.7%, Bank Negara Indonesia +0.9%
https://stockbit.com/post/2047064

Construction Stocks
Indonesia’s Widodo Orders Toll Roads Completion Before Election
(Bloomberg) -- Some builders have been instructed to bring their toll road projects to completion before general elections in April, according to President Joko Widodo.
* Among those toll roads are Jakarta-Surabaya, Bakaheuni-Terbanggi Besar and Bakaheuni-Palembang
* “So people can use them for Eid holidays, but also for election purpose,” Widodo speaks at Bank Indonesia’s annual bankers’ gathering in Jakarta on Tuesday
* Widodo, known as Jokowi, pushes for the completion of Kuala Tanjung port in North Sumatra in 2018 and Makassar New Port in January
* Runway improvement project in Soekarno-Hatta International Airport aimed to be completed at mid-2019
* Indonesia has to catch up with airport development on growing demand of flight slots from foreign airlines, says Jokowi
* NOTE: Netflix Generation Not Impressed by Indonesia’s ‘Dirty’ Politics
https://stockbit.com/post/2047204

Syariah Stocks
DES (daftar efek syariah) Rebalancing 23 November 2018
Out :
$WSKT, $TBLA, $SGRO, $ALMI, $FASW, $INRU, $JPRS, $KRAS, $SMCB, $PBRX, $PSDN, $STTP, $SOCI, $AIMS, $AKSI, $DNET, $ITTG, $MARI, $MDIA, $SIAP

IN :
$JSMR, $BWPT, $MGRO, $ATPK, $CKRA, $PKPK, $PSAB, $SQMI, $CAKK, $INAI, $KDSI, $MAIN, $SWAT, $NIPS, $SSTM, $GOOD, $KPAS, $PANI, $ARMY, $LAND, $LCGP, $POLL, $MYRX, $RISE, $SKRN, $CENT, $CMPP, $GOLD, $ZBRA, $YELO, $IPCC, $PSSI, $SHIP, $TNCA, $TRAM, $TCPI, $AKKU, $BMSR, $BUVA, $DIGI, $FILM, $GMCW, $HEAL, $HKMU, $MAPA, $NFCX,
https://stockbit.com/post/2046717