Demonstrations are heating up, investors are starting to leave Thailand in large numbers

ILLUSTRATION. Protests in Bangkok. REUTERS / Jorge Silva

Source: Reuters | Editor: Tendi Mahadi

KONTAN.CO.ID – BANGKOK. Investors are busy releasing their shares on the Thai stock exchange today. Analysts warn of a possible sell-off of the currency, as growing concerns escalating confrontation between authorities and anti-government protesters could drag Asia’s worst performing market to these lower levels.

Thailand’s benchmark equity index SETI fell 2% to its lowest level in six months in the first trade since police pointed water cannons at protesters in downtown Bangkok on Friday night in the loudest clashes in months of demonstrations.

Today’s sell-off was the sharpest in four months as the large number of protesters at daily protests since the ban on meetings announced last week added to tensions on both sides.

Also Read: Thai police order an investigation into the media for covering protesters

“Recent political developments ranging from demonstrations to the declaration of a state of emergency for Bangkok are on the nerves of investors,” said Kobsidthi Silpachai, head of capital market research at Kasikornbank.

“An atmosphere like this encourages investors to reduce their risk because of the increasingly severe conditions business not as usual, ”He continued.

Thai baht on the other hand fell 0.1% on the day as the US currency weakened against most other currencies.

Prakash Sakpal, senior Asia economist at ING, said a currency that has survived so far could also succumb to increasing political risks. “Today’s equity market selloff appears to be the start of that trend,” he said.

Also Read: The demonstrators continued to hold actions, the Thai PM held an extraordinary meeting with the parliament

The protesters themselves are calling for the removal of Prime Minister Prayuth Chan-ocha, who was the former leader of the junta, and reforms to reduce the monarchy.

Thailand has experienced a record US $ 9.3 billion equity outflow so far this year as the COVID-19 pandemic devastates the country’s economy.




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Horrible Delicious Bank Stock Collection BOOK I, Want To Try?

Jakarta, CNBC Indonesia The Financial Services Authority (OJK) stated that there will be many BUKU I banks (business group commercial banks, with a core capital of IDR 100 billion-IDR 1 trillion) that will merge to meet the minimum capital requirement of IDR 1 trillion this year and IDR 3 trillion in 2022. .

What is the potential for bank stocks with insufficient capital to carry out this corporate action?

Is it better to look from the side, or is it better to try your luck and get into these stocks while their status has not been upgraded from BUKU I Bank to BUKU II Bank (core capital IDR 1 trillion-IDR 5 trillion)?

“Horrified delicious”, perhaps the phrase popularized by the late politician Sutan Bhatoegana is the most suitable to describe the potential and risk of collecting shares in Bank BUKU I.

The horror of collecting BUKU I Banks is due to the OJK ultimatum that if BUKU I banks cannot meet the core capital requirement of more than IDR 1 trillion by the end of the year, the bank will bedowngrade became the People’s Credit Bank (ACA).

This will create new problems because according to OJK regulations, BPRs cannot be owned by foreign investors so that the status of this downgraded bank in the capital market will be a question mark?

Will the regulator later provide a special notation for shares that cannot be purchased by foreign investors and foreign investors who have already entered must be bought back by the company?

Or forced to sell their stake in the market?

Everything is still a question mark.

In fact, it is not impossible that the downgraded bank shares will be ‘kicked’ from the alias stock exchange delisting.

When di-delisting of course investors will lose big because when this happens involuntary delisting then the issuer does not have to buyback public shares, so that later your shares will be converted into scrip and cannot be transacted again on the IDX.

Horrible isn’t it?

But do not forget there is a sweetness behind this horror.

The pleasure of collecting mini bank shares is when it turns out that there are strategic investors who have injected funds and it turns out that these investors are big-scale investors, then it is not impossible that the bank’s share price will jump hundreds of percent.

Take, for example, the shares of PT Bank Jago Tbk (ARTO) which used to be called Bank Artos.

ARTO shares had soared 3,416% or 34 times its highest level after the company reported startup Gojek giants will be ARTO’s strategic investors.

Based on CNBC Indonesia’s records, several banks that are chasing additional capital obligations if they don’t want to go down class include BPD Banten, BPD Central Sulawesi, BPD Lampung, PT Bank Harda Internasional Tbk (BBHI), PT International Business Bank Tbk (BBSI), PT Bank Pembangunan Daerah Banten Tbk (BEKS), Bank Fama, and BPD Bengkulu.

This means that there are three shares of BUKU I Bank whose shares can be collected by risk-loving investors, namely BBHI, BBSI, and BEKS.

Bank Harda only has core capital of IDR 272.03 billion as of June 2020. Thus, in the next 2 months, the company is required to increase its capital of at least IDR 728 billion.

WhereYemen BBHI senot yet revealed that they are still in the process of exploring with several strategic investors who are ready to inject capital into the company this year.

“The total must be Rp 1 trillion, now the core capital is around Rp 300 billion. There is also an OJK regulation regarding consolidation,” he said. Director of Bank Harda, Harry Abbas, to CNBC Indonesia.

The plan to increase Bank Harda’s capital is targeted to be realized this year, but it has not been able to provide information related to potential strategic investors.

As for the company’s Business Bank next month will ask for permission from the EGMS to do so right issue which will be held before the end of the year to meet the core capital obligations of the OJK.

Long story short, if you are a conservative investor who puts his funds in good fundamental stocks that have bright business prospects, mini bank stocks are not for you.

However, if you are an investor who likes to speculate and think that the benefits that will be obtained when collecting these small banks are greater than the risks, then Book I bank shares may be for you.

But again, it’s all back on the investment horizon, and your budget.

CNBC INDONESIA RESEARCH TEAM

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What the hell! JCI dropped, but these 5 stocks soared more than 20%

Jakarta, CNCB Indonesia – The share prices of six issuers that were transacted today, Monday (9/28/2020), on the Indonesia Stock Exchange (IDX) shot more than 20%.

Even though the Jakarta Composite Index (JCI) is under pressure and there is no sign of any positive signal yet.

Until the beginning of the second trading session, the six stocks were recorded to have gained more than 20%.

IDX data notes that these shares are shares of PT Jasnita Telekomindo Tbk (JAST) which rose 31.08% to a level of Rp 97 / unit.

Then the shares of PT Borneo Olah Sarana Sukses Tbk (BOSS) which rose 30.08% to a price of Rp. 160 / unit. PT Terregra Asia Energy Tbk (TGRA) shares shot up 27.05% to the level of Rp 155 / unit.

Likewise, shares of PT Dewata Freightinternational Tbk (DEAL) rose 22.99% to a price of IDR 230 / unit, shares of PT Karya Bersama Anugerah Tbk (KBAG) also rose 21.88% to a price of IDR 117 / unit and shares of PT Alfa Energi Investama Tbk. (FIRE) shot up 20% to Rp 324 / unit.

Meanwhile, JCI was recorded as still under pressure and corrected by 0.38% to the level of 4,9227.22.

The JCI correction occurred at the same time as the number of Covid-19 sufferers worldwide, which has reached 33 million, and 1 million of them died.

On the other hand, market players are starting to doubt that the availability of vaccines can solve this pandemic problem in a short time.

The skeptical views of scientists about vaccines expressed by Malik Eiris and Gabriel M Leung of the School of Public Health at The University of Hong Kong in a report in the journal Lancet, they said that living back to normal is an illusory assumption.

He questioned the effectiveness of the vaccine in building up antibodies en masse. A separate report also mentions the risk of Antibody Dependent Enhancement (ADE), which allows the corona virus to be more immune due to being exposed to ineffective antibodies.

According to Refinitiv data, the utility sector stock index led the correction, by 1.5%. The financial sector stock index and compact consumer sector fell by -1.1%, while the energy sector fell 0.9%.

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How to invest in the stock market that operates in Honduras?

TEGUCIGALPA, HONDURAS.-What is a stock exchange? Can you invest in the stock market? How is it done? These questions are recurrent in those who seek to invest their savings or who want to see the options to obtain better profits or interest rates.

Investing in the stock market may seem complicated and for large entrepreneurs, but it is not. Experts from the Superintendency of Pensions and Securities of the National Commission of Banks and Insurance (CNBS) explained to THE HERALD how the market works, how to invest and who can do it. Also the Central American Stock Exchange (BCV) has information available for those who want to know about the subject.

LEA: Private pension funds: What are their services?

1 / How does the stock market work?

It operates under a structure with key participants such as: issuers of securities, investors, brokerage houses, stock exchanges, risk rating agencies, custodial entities, among others. Issuers are companies that require resources to carry out new projects or expand their business, among others. They do this through bonds, credit notes or commercial paper that investors buy in exchange for an interest rate or dividends. In other words, the investor lends his money so that the institutions or companies can cover their cash needs in exchange for a title or share (document that gives him rights) and interest or profits.

2 / Who can invest?

Investors can be individuals, legal entities and institutional investors. People who invest in the stock market seek higher returns on their investments. At present, in Honduras the main investors in the stock market are the public welfare institutions, the private pension fund managers and the financial institutions; however, there are natural persons who invest in the stock market.

FURTHER: How to cancel a plan or contract if I can’t pay for it?

3 / How to make the investment?

Any natural or legal person who decides to make their investments in securities through the stock exchange must go to a brokerage house duly authorized by the CNBS. In this way, stockbrokers, according to the needs and tastes of each client, will be able to show you the investment options available in the market. The procedure to follow is basically: contact a brokerage house, open an investment account, choose the financial instrument in which you want to invest, send a purchase order, make the transaction and obtain a receipt.

4 / How to contact a broker or brokerage house?

In Honduras there are five brokerage houses that are actively conducting operations. You can find the list in the BCV website. Also on their web pages with contact information. In addition, on the CNBS page you can find information on all of them in a consolidated way. The BCV, which is the entity in charge of facilitating transactions, affirms that it is safe to invest through authorized and regulated brokerage houses.

+How many people have life and vehicle insurance?

5 / What amounts can be invested and what rates are granted?

By law there are no limits or ceilings regarding investment amounts, however, each issuer establishes in the document called “Issuance Prospectus”, the characteristics of the issue, which may include the minimum investment amounts for a specific issue. . In general, a minimum average of $ 10,000 or 250,000 lempiras. Regarding interest, the latest transactions registered 5% in foreign currency and in national currency from 4.65%, 8.57% and up to 10%, depending on the type of bond.

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Gegara WHO Stocks of Flying Pharmacy Issuers, Is It Bad Monday?

Jakarta, CNBC IndonesiaThe share prices of two subsidiaries of PT Bio Farma (Persero), PT Indofarma Tbk (INAF) and PT Kimia Farma Tbk (KAEF) and other pharmaceutical stocks shot up in trading this morning, Friday morning (25/9/2020).

This increase was after news that the Sinovac corona vaccine candidate had passed the WHO trial and was ready for distribution early next year.

KAEF shares closed this Friday in the second session at the level of Rp. 2,880 / share, up 24.68%, INAF Rp. 2,910 / share, jumping 24.89%.

Watch live streaming of other CNBC Indonesia TV programs here


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Economy: HSBC, Deutsche Bank, ING and other big banks fall in the stock market by blan

HSBC, Deutsche Bank, ING … These big names in finance were shaken hard on the stock market this Monday, following the revelations of investigations by a consortium of journalists who accuse these banking giants of having allowed dirty money laundering to big scale.

In Frankfurt, Deutsche Bank plunged 7.86%, to 7.93 euros (US $ 9.35) a share around 1:20 pm local time (11:20 GMT), following the publication of this investigation involving it. Standard Chartered, also in the spotlight, fell 5.15% to 3.41 pounds (3.75 euros, $ 4.42) in London.

In Hong Kong, the HSBC stock hit its lowest level in 25 years, closing 5.33% lower at HK $ 29.30 (US $ 3.78, 3.21 euros). In addition to , could suffer sanctions by China, within the framework of retaliatory measures against certain foreign countries.

Also cited in the report, the ING plunged 8.35% in Amsterdam. According to the Dutch press, the bank’s Polish subsidiary has assisted some of its clients in sending funds of suspicious origin outside of Russia for years.

In its investigation, carried out by 108 international media outlets from 88 countries, the ICIJ, denounces the serious deficiencies of regulation in the sector.

Dirty money

“Profits from Deadly Drug Wars, Embezzled Fortunes in Developing Countries and hard-earned and stolen economies as part of a Ponzi pyramid scheme (interest earned by new investors is awarded to older investors), have flowed in and out of these financial institutions, despite warnings from their own employees. ” , details the investigation.

The investigation is supported by thousands of “suspicious activity reports” (SARs) sent to the US Treasury financial police, FinCen, by banks around the world, but “outside the public’s knowledge.” According to the ICIJ, astronomical amounts of dirty money have circulated through the world’s major banking institutions for years.

These documents refer to some US $ 2 trillion (1.7 trillion euros) of transactions between 1999 and 2017. It would be money from drugs and criminal acts, and even from embezzled fortunes in developing countries.

The investigation mainly targets five major banks – JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon – accused of having continued to circulate funds from suspected criminals, even after they have been prosecuted or convicted of misconduct. financial

HSBC defended itself by responding to journalists that it always complied with its legal obligation to report suspicious activity.

The institutions defend themselves by claiming that the ICIJ accusations are old or prior to an agreement reached in 2012 with the US Department of Justice, others simply affirm that there is nothing new and that they have invested a lot in strengthening their controls. Likewise, like the ING case in Poland, they claim to have cut ties with companies suspected of fraudulent activities.

The shock wave of this scandal has reached banking institutions in several countries, France among them, affecting the Paris stock market downward.

The banking sector of the EuroStoxx 50 (an index that includes the 50 most important companies in the euro area by market capitalization) fell by 5.84%.

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Will the ‘March Phenomenon’ in the Capital Market Repeat Again?

Bisnis.com, JAKARTA – ‘Cheerful September’ almost turned into ‘Gray September’ when the JCI closed down 5.01 percent to the level of 4,891.46 on Thursday (11/9/2020). The landslide index was below the 5,000 level, which had only lasted about 2 months since the first week of July.

The Large-Scale Social Restriction Plan (PSBB) became a scourge for one of the culprits for the JCI decline yesterday. However, today, Friday (12/9/2020) investors began to aggressively enter the capital market again so that the JCI was able to provide resistance.

At the opening of trading Friday, the JCI was again corrected by 2.5 percent in the first 5 minutes of trading. However, after that the index managed to rebound and at the close of the first trading session it was recorded to have strengthened 1.29 percent to the level of 4954.42.

The strengthening of trading today seems to give hope that the JCI will not undergo another major correction in March. At that time, the JCI decreased by 5 percent and halt trading occurred five times a month.

“The market should have priced in worries because of the PSBB sentiment,” said Head of Equity Trading MNC Sekuritas Medan Frankie Prasetio to Bisnis, Friday (11/9/2020).

He previously also said that compared to the previous market panic, this time investors are more prepared for the possibilities in the capital market. So, according to him, the potential for investors to sell off would be more limited.

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This is the reason the IDX re-applies pre-opening stock transactions

Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) mentioned the re-opening of the pre-opening session on the stock exchange to improve trade order and efficiency on the stock exchange. This enforcement will begin on 7 September 2020.

Director of Trade and Regulation of IDX Exchange Members, Laksono Widodo, said that the pre-opening will still take effect in the first 10 minutes ahead of the opening of trade at 09.00 JATS time.

“In order for the market to be more orderly and efficient, in this case avoiding a buildup of orders at the beginning of the market opening at 9:00 a.m. which sometimes resulted in ‘jamming’ of data information flow between the Exchange and the ABs. [Anggota Bursa,” kata Laksono di Jakarta, Kamis (3/9/2020).

Namun demikian, pemberlakukan pre-opening kali ini berbeda dengan kondisi normal. Pasalnya pemberlakukan batas atas dan batas bawah (auto rejection atas dan bawah/ARA dan ARB) nantinya akan diberlakukan hanya satu kali, sudah termasuk dalam pre-opening dan pada perdagangan normal.

“Pre-opening sebelumnya masih memberikan ruang untuk 2x auto rejection (selama masa pre-opening dan sekali lagi di jam perdagangan normal), sementara pre-opening saat ini hanya memberikan ruang untuk 1x auto rejection (selama masa pre-opening dan jam perdagangan),” lanjutnya.

Alasan bursa membuka kembali pra-pembukaan ini lantaran menilai pasar saham dinilai sudah relatif stabil dibanding kondisi saat awal pandemi terjadi di Indonesia. Selain itu juga untuk melancarkan penumpukan informasi data di AB dan bursa.

Kebijakan ini ditetapkan berdasarkan surat BEI No.: Peng-00272/BEI.POP/09-2020 tentang saham yang dapat diperdagangkan di sesi pra-pembukaan di pasar reguler.

Dalam surat tersebut disebutkan bahwa acuan harga saham untuk pre-opening adalah harga penutupan perdagangan hari sebelumnya (harga previous).

“… mengubah acuan harga saham yang dapat diperdagangkan melalui Sesi Pra-pembukaan di Pasar Reguler dan Pasar Tunai yang semula berpedoman pada Harga Pembukaan, diubah menjadi pada Harga Previous terhitung mulai tanggal 7 September 2020 sampai dengan batas waktu yang ditetapkan kemudian,” tulis surat BEI, dikutip Kamis (3/9/2020).

Adapun saham-saham yang dapat diperdagangkan pada sesi pre-opening ini adalah saham-saham yang masuk dalam daftar indeks LQ45.

Pre-opening adalah periode dimana investor bisa mengambil posisi jual atau beli untuk saham-saham yang dapat diperdagangkan di periode ini. Periode ini berlangsung pada pukul 08.45-08.55 WIB dan setelahnya sistem akan menentukan pertemuan harga terbaik untuk order yang berlangsung selama 10 menit sebelumnya.

Sebelumnya kebijakan ini dihapuskan bursa untuk mengurangi tekanan yang terjadi pada pasar saham dalam negeri akibat pandemi Covid-19.

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Take a short break, Session II IHSG is getting ready to fly

Jakarta, CNBC Indonesia – Combined Share Price Index (IHSG) on trades first session Thursday (27/ 8/20) ofLid of area red with decline thin 0,08% at level 5.336,18 after being opened up high.

Trade data noted that foreign investors made net selling of Rp 530 billion in the regular market today with today’s transaction value touching Rp 6,7 trillion.

The shares that are most sold by foreigners today are PT Telecommunication Indonesia Tbk (TLKM) with a net sale of Rp 98 billion and PT Bank Rakyat Indonesia Tbk (BBRI) which recorded net sell amounting to Rp 80 billion.

Meanwhile, the shares that the most foreigners collect today are PT Bank Central Asia Tbk (BBCA) with a net purchase of Rp 45 billion and PT Ciputra Development Tbk (CTRA) who recorded net buy amounting to Rp 7 billion.

Photo: IHSG Technical
IHSG Technical

Technical Analysis

Movement IHSG by using the hourly period (hourly) of the indicator Boillinger Band (BB) via the upper bound area method (resistance) and lower limit (support). Currently, IHSG located in the area pivot then movement IHSG next potentially appreciated.

Safter was successful yesterday IHSG managed to survive at the level of 5,300 and this morning IHSG managed to touch the level 5.350. JCI will again try to test its resistance at this figure in the second session, then jalan towards the strengthening target of 5.458 will get smoother if index the pride of this country is capable closed on level 5.350.

The nearest support (lower limit) is now at 5.315As long as it remains above it, the JCI still tends to strengthen.

Indikator Relative Strength Index (RSI) as a momentum indicator that compares the amount of increase and decrease in the current price in a period of time and serves to detect overbought conditions (overbought) above the 70-80 level and oversold (oversold) below level 30-20.

Currently RSI be in the area 62, that is not yet shows an overbought indicator but already approaching the saturation zone buy up usually signifies movement IHSG then it will tend to depreciate.

But tsometimes if the momentum is strong Stochastic can halt in the area around overbought in quite a long time.

Overall, through a technical approach with BB indicators located in the area pivot, then the next movement is likelyTueappreciation.

The index needs to go through (break) one of the levels resistance or support, to see the direction of further movement.

RESEARCH TEAM CNBC INDONESIA

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Cuan Tens of Billion! This is Lo Kheng Hong’s Purchase Price at BMTR

Jakarta, CNBC Indonesia After a photo of a seasoned investor, Lo Kheng Hong together with the owner of MNC Group, Hary Tanoesoedibjo, went viral and shocked the world of the Indonesian stock exchange, Tuesday night (25/8/20) through disclosure of information on the Indonesia Stock Exchange (IDX), it was revealed how much the purchase price of men who familiarly called LKH in the shares of PT Global Mediacom Tbk (BMTR).

LKH has recorded 7 purchases of BMTR shares, namely on August 5 at a price of IDR 200 / unit with a total of 526,456 lots, at IDR 199 / unit with a total of 6,000 lots, and at a price of IDR 200 / unit of 60,800 lots.

Then on August 6 at the price of Rp. 200 / unit as much as 20,000 lots and at the price of Rp. 202 / unit as much as 49,000 lots. Furthermore, on August 10, the price is IDR 204 / unit as much as 2,000 lots.

Photo: Lo Kheng Hong / Special
Lo Kheng Hong / Special

Finally, LKH bought BMTR shares on August 11 at a price of IDR 200 / unit, amounting to 7,000,000 lots, most likely private placement published by BMTR.

Previously, bbased on the disclosure of information on the IDX, BMTR which is the holding company of PT Media Nusantara Citra Tbk (MNCN) and PT MNC Vision Networks Tbk. (IPTV) plans to issue as many as 700 million new shares and set the execution price private placement or Capital Increase without Pre-emptive Rights (PMTHMETD) of Rp 200 / share.

The total funds disbursed by LKH itself amounted to Rp. 153.4 billion with an average purchase of BMTR at a price of Rp. 200,013 / share unit which was said to be purchased for investment purposes.

Recorded LKH ownership in BMTR shares rose to 6.14% up to sang value investor it is obligatory to report its share ownership to the IDX because it is above 5%.

Kentungan LKH which of course still is floating profit In this transaction, when using the closing price of BMTR last Tuesday at Rp 310 / unit, then the value howit is very fantastic, reaching Rp. 84.3 billion.

Lo Kheng Hong is known as a type of investor value investing (value based) on the IDX and successful. In fact, he is nicknamed the Warren Buffet of Indonesia because he has made profits by choosing stocks with good fundamentals and cheap valuations.

Value investors usually like it looking for stocks that are wrongly priced, aka conditions when the intrinsic value of a stock is higher than its market value.

RESEARCH TEAM CNBC INDONESIA

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