JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*Foreign governments have warned their citizens to keep away from a major rally today in Jakarta by Muslim groups against the city’s Christian governor, amid fears it could turn violent. At least 150,000 people are expected to flood downtown Jakarta to protest against the non-active governor Basuki Tjahaja Purnama, who allegedly insulted Islam.
*PT Pertamina and PT Wijaya Karya Tbk (WIKA) signed a contract Site Development & New Jetty Construction for the project RDMP RU V Balikpapan with value Rp552 billion. The project is vital to support the preparation of development RDMP RU V Balikpapan refinery is targeted for completion within 12 months from the signing of the contract. Implementation Site Development & Construction Jetty located at the refinery RU V Balikpapan is a milestone project’s first RDMP RU V Balikpapan, aims to set up Land area of infrastructure development refinery area of 75 ha., Building construction jetty with a size of 30×100 m and a capacity of 6,500 DWT for purposes loading and unloading of refinery equipment and building infrastructure and building roads and marine equipment. Related to the target project completion RDMP RU V Balikpapan, Rachmad Hardadi also say that mechanical completion is targeted for completion by the end of June 2019 and commissioning can be implemented from September 2019.
*PT Bukit Asam Tbk (IDX: PTBA) has allocated capital expenditure amounting to Rp4.5 trillion in 2017 or greater than the estimated realization of Rp3 trillion in this year. CEO of PTBA Arviyan Arifin said the coal miner also prepared $100 million for coal mines acquisition.
*PT Wavin Duta Jaya will hold an initial public offering (IPO) in the second quarter of 2017. Three underwriters Citi, RHB and Mandiri Sekuritas will help the IPO. Wavin stood since 1973 under license Mexichem Group. Meanwhile, the technical production is under the umbrella of Wavin BV Holand. Wavin is a market leader in the industry with a market share of about 65%. Currently, Wavin has three factories had been operating in Cibitung, Karawang and Mojokerto. There is one plant that was built in Lemah Abang and is scheduled to start operating at the end of January 2017.
*Director of Corporate Valuation of IDX, Samsul Hidayat said there are 10 companies that are interested to go IPO in 2017. He added, there are three issuers are ready to floor on the stock this year, namely PT Prodia Widyahusada, PT Forza Land Indonesia, and PT Bintang Oto Global. For information, until now there are 14 issuers listed on the Stock Exchange. Last issuers take the floor at the Exchange is authorized PBSA floor last September with the release of 300 million shares or 20% of the paid up capital of Rp 1,200 per share.
*Senior Vice President - Division Head of Financial Institution Ratings PEFINDO, Hendro Utomo said, until November, the company bagged mandates securities note issuance amounting to Rp 27.7 trillion. Of this figure, the issuance of public offering (PUB) worth Rp 14.5 trillion, medium term notes Rp 6.5 trillion, bond issuance Rp 5.7 trillion and Sukuk amounting to Rp 1 trillion. PEFINDO bagged the number of mandates that come from 32 companies. Finance company sector became the largest contributor with eight companies and banking followed by five companies.
*PT Tower Bersama infrastructur Tbk (TBIG) acquired a 70 percent stake in PT Indonesia Smart Network of Provident Capital Partners. Provident Capital Partners itself is one of the shareholders of Tower Bersama Infrastructure. In nine months of 2016, TBIG generated revenue and EBITDA amounting to Rp2,76. trillion and Rp2.40 trillion. As of 30 September 2016, TBIG had 21,562 tenants and 13,463 telecommunication sites, comprised 12,467 telecommunication towers, 925 shelter-only sites, and 71 DAS networks. With total tower tenants amounting to 20,566 on tower sites, the Company’s tenancy ratio is 1.65.
*PT Semen Indonesia Tbk (SMGR, Rp8.875, NEUTRAL, TP Rp11.200) will increase investments in shares of PT Varia Usaha be 73.65% after the acquisition of the shares owned by the Pension Fund Semen Gresik (DPSG ) worth Rp475,1 billion. Based on a reported to the Indonesia Stock Exchange. SMGR it bought 349 350 shares or 48.7% of the shares in Varia Usaha DPSG.
*PT Waskita Karya Tbk (WSKT, Rp2.550, BUY, TP Rp3,200) obtain financing amounting to Rp4.73 trillion from 14 financial institutions, which consists of 12 banks and two nonbank financial industry (IKNB). Funding was provided to support the construction of toll roads Pejagan-Pemalang, Central Java, which is one important part of the Trans Java network.