The Insider Stories Market Briefs

*PT XL Axiata Tbk (EXCL) prepared a capital expenditure or capital expenditure around Rp 7 trillion in 2017. President EXCL Dian Siswarini say, this allocation is relatively the same as this year’s allocation. However, the output for the use of the capex would be more in line with its focus EXCL began to develop a 4G network. Next year, EXCL it will be more intensively developed the high-speed network.

*PT Bayan Resources Tbk (BYAN) extend the contract mining services and rental equipment with PT Thiess Contractor Indonesia (TCI). This contract extension BYAN conducted through its subsidiary, PT Teguh Sinarabadi Perkasa and PT Firman Ketaun. The contract value is US$400 million. The contract is an extension to the contract mining services and equipment leases that were previously signed in 2008 and will end in December 2019 to come.With this extension, subsidiaries BYAN have the assurance of sustainable coal production. BYAN have the possibility to participate in the tender on the world market in order to generate long-term coal purchase contracts.

*Rubber prices continued to strengthen its rally in late trading on Thursday. Rubber for April 2017 delivery, the most active contract on the Tokyo Commodity Exchange, closed rose 4.05% or 9.30 points to 238.80 yen per kilogram.

*Emerging-market weakened for a second day, the more depressed the signal magnitude increase in the Fed Funds Rate in December 2016. Stock markets in Indonesia and South Korea leading the slowdown in emerging markets, while the currency of Korea and Turkey fell 0.4% .Peso Philippines also weakened, the Malaysian ringgit near its weakest level since 1998.

*Comex Gold continues to trade below US $ 1,200 per ounce during the second day of trading, Thursday when the prospect of a policy by US President-elect to encourage economic help speculation US interest rate hikes by the US central bank Federal Reserve lifted the dollar to its highest level. Comex gold prices in February 2017 contract fell 0.32% or 3.80 points to US $ 1,188.60 an ounce yesterday, having opened with weakened 0.35% or 4.20 points at 1188.20 per ounce position.

*PT Siloam International Hospitals Tbk (SILO, Rp10.250, NEUTRAL TP Rp10.820) ready to issue 144.51 million new shares through a rights issue. Company set the exercise price at Rp9,000. Based on the prospectus published Thursday the company announced a limited public offering I in order to issue rights issue (ER) or a rights issue by offering as much as 144.51 million new shares with a nominal value of Rp100.

*PT Japfa Comfeed Indonesia Tbk (JPFA, Rp1.680) ready to issue bonds worth Rp1 trillion, consisting of two series. The Company charged an interest of 9.25% and 9.75%. Based on the announcement of the Indonesian Central Securities Depository (KSEI) published Thursday, JPFA will menebritkan Bond II Japfa Phase I 2016 Series A worth Rp850 billion. The bonds will be issued December 1 and listed on the Indonesia Stock Exchange December 2, 2016.