The Financial Services Authority (FSA) estimates that the potential amount of restructured loans to be IDR1.308 trillion from 15.2 million debtors. The number comprises from non-SME loans of IDR756 trillion and SME loans of IDR552 trillion.
The DJI rose 529.95 point (+2.17%) to 24,995 on optimism of new corona virus vaccine and the partial reopening of the economy.
CTRA puts strategies of applying online launching to maintain sales performance. It is proven that such scheme is capable of boosting 1Q20’s marketing sales by 2.7%. Thus, we recommend CTRA as this week’s top stock pick with the price target of IDR830 at a 87% discount to RNAV.
Dow Jones closed slightly down 0,04 percent to 24,465 mainly due rising tension between US and China after China imposed a national security law in Hongkong.
To support the Indonesian Government in mitigating negative impacts caused by COVID-19, the World Bank unveiled new debts of USD700 billion for Indonesia.
PSBB is a setback in buoyant sales of 4W and 2W.
U.S. business inventory in March reported decline due to coronavirus outbreak that disrupted global supply chains and the flow of goods.
An IDR150 trillion PEN stimulus shields UMKM from COVID-19 wreaking havoc
The Dow Jones closed lower by 1.59% to 24,206 subdued by bearish Boeing Co. (-3.69%) and Procter & Gamble Co. (-3.24%). In the domestic economy, BI decided to hold BI-7DRRR at 4.50% and left interest rates of deposit facility and lending facility at 3.75% and 5.25%, respectively.
