JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*Money Supply Analysis Report on Bank Indonesia in Oct. 2016 reported bank lending growth was recorded Rp4.246,6 trillion, up 7.4% on an annual basis. The growth rate was higher than the previous month of 6.4%. Working capital loans grew 5.9%, compared to September increased by 4.1%. While the investment credit rose, from 9.3% to 10.1%. Total outstanding property loans recorded Rp690,2 trillion, an increase of 12.7% or lower than the previous month’s 12.8%. The downward trend in interest rates on loans and bank deposits boosted the monetary authorities through various instruments were quite effective to boost lending. Unfortunately, the transmission of monetary policy easing was restrained by the effects of Trump.
*Golkar Party chairman Setya Novanto back to lead House speaker on Wednesday, amid concerns that a planned rally could take over the legislative compound and overthrow the government. Setya, who is thought to have closer ties with President Joko Widodo, is believed to be more reliable in terms of mitigating risks from the protest planned by conservative Muslim groups for Friday. Setya served as House speaker from 2014 until he was engulfed by a corruption scandal involving mining company PT Freeport Indonesia and was forced to resign in December last year.
*PT Unilever Indonesia Tbk (UNVR) will share interim dividend of Rp 375 per share for the financial year 2016. The dividend value reached Rp 2.8 trillion. The value of this interim dividend rises than last year’s Rp 342 per share and 2014 amounting to Rp 336 per share. This year’s dividend payout ratio was just 84% of its net profit in the first half UNVR.
*Crude oil prices rebounded in trading today, Wednesday, after the Iraqi delegation expressed the possibility of reaching a consensus among OPEC member states at a meeting in Vienna on Wednesday. According to Bloomberg, the price of WTI oil contract in January 2017 rose 1.53% or 0.69 points to US$45.92 a barrel, having opened with a slight increase of 0.02% or 0.01 points at position 45, 24.
*Rubber prices closed sharply lower in trading today, Wednesday, the price of rubber to contract in May 2017, the most active contract on the Tokyo Commodity Exchange, closed down 4.92% or 11.80 points to 228.10 yen per kilogram.
*PT Jakarta Setiabudi International Tbk (JSPT, Rp2.050) is projecting an increase in hotel revenue by 50% in 2018-2019 following the addition of two new assets that will operate. Chandra Asali, Director of Jakarta Setiabudi, said that the company is renovating the Hyatt Regency Bali. This asset will be overhauled with a room capacity reached 375.
*PT PP Property Tbk (PPRO, Rp1.445) along with PT Kawasan Industri Jababeka Tbk (KIJA, Rp288) launched a multi-storey residential first eco-friendly concept in Cikarang. This residential project undertaken is a joint venture between PP Properties with Jababeka, namely PT Jababeka PP Properties. Project called River View Residence is built on an area of 2.5 hectares. The plan will have four residential towers are Tower Mahakam, Bengawan, Kapuas and Barito. The first phase, has been built from mid 2016 Tower Mahakam.
*PT Bank Mandiri Tbk (BMRI, Rp10,500) disbursed loans worth Rp 1.7 trillion and US$230 million to PT Bukit Asam Tbk (PTBA, Rp11.800, SELL, TP Rp9.500) to help finance the development of the company’s business.
*PT PP Tbk (PTPP, Rp4,200, BUY, TP Rp5.200) will seek funding in the capital market through the issuance of new shares (rights issue) as much as 1,357 billion. Estimates of the amount of funds to be received around Rp4.41 trillion.
*PT Waskita Karya Tbk (WSKT, Rp2.530, BUY, TP Rp3,200) once again provide a loan facility to PT Waskita Toll Road amounting to Rp123 billion. Funds given to Waskita Toll Road will be distributed to PT Waskita Transjawa Toll Road and will distribute it to PT Semesta Marga Raya.