Finance
Indonesia bank M&A offers buyers growth and challenges - Fitch | Outlook data
(Insider Stories) - Reports that two large Japanese banks are interested in PT Bank Tabungan Pensiunan Nasional (IDX:BTPN) highlight interest in Indonesia’s banking sector due to its growth potential, but high prices and restrictions on bank ownership are potential risks, Fitch Ratings says in a report. “We believe that overpayment in the absence of synergistic Full Article
S&P: Outlooks On Four Indonesian Entities Revised To Stable Following Sovereign Outlook Revision | Press release
SINGAPORE (Standard & Poor’s) May 2, 2013-Standard & Poor’s Ratings Services today revised its rating outlooks to stable from positive and affirmed the global scale ratings on four Indonesian entities following a similar action on the sovereign credit rating on the Republic of Indonesia (BB+/Stable/B; axBBB+/axA-2). At the same time, we affirmed the ASEAN regional Full Article
Moody’s assigns B1 rating to PT Bhakti Investama | Press release
Hong Kong, May 03, 2013 — Moody’s Investors Service today assigned a corporate family rating (CFR) of B1 to PT Bhakti Investama Tbk. (“BHIT”). The outlook for the rating is stable. This is the first time Moody’s has assigned a rating to BHIT. At the same time, Moody’s has also assigned a provisional (P)B2 rating with a Full Article
Credit analysis on Asian Development Bank - Moody’s | Outlook data
(Insider Stories) - Risk-weighted measures of The Asian Development Bank’s capital adequacy have improved in the past year, largely due to the upgrade of Indonesia’s sovereign rating, and while loan loss reserves were increased last year due to credit stresses mainly associated with Pakistan the ADB is likely to maintain preferred creditor status in the case Full Article
Global economic roundup - Capital Economics | Outlook data
(Insider Stories) - The following is a global economic roundup by London-based research provider Capital Economics. U.S. The sharp decline in the monthly trade deficit to $38.8bn in March, from $43.6bn the month before, is largely due to a distortion caused by the timing of the Lunar New Year Holiday in China. There is Full Article
Profit-taking pressure on Jakarta index - Trust Securities | Outlook data (Bahasa Indonesia)
(Insider Stories) - The Jakarta composite index is under profit-taking pressure after hitting a record high at the start of the month and after Standard & Poor’s Ratings Service revised its outlook on Indonesia’s sovereign rating to stable from positive, indicating a rating increase in the next 12 months is less likely, while negative sentiment Full Article
Moody’s affirms PT Media Nusantara Citra ‘s Ba3 rating | Press release
Hong Kong, May 02, 2013 — Moody’s Investors Service has affirmed PT Media Nusantara Citra Tbk’s (MNC) Ba3 corporate family rating. The rating outlook is stable. RATINGS RATIONALE “The affirmation is driven by MNC’s solid operating and financial performance, as evidenced by the company’s low leverage of 0.4x and its strong cash flow generation,” says Annalisa Di Full Article
Moody’s affirms MNC Sky Vision’s B2 corporate family rating | Press release
Hong Kong, May 02, 2013 — Moody’s Investors Service has affirmed PT MNC Sky Vision Tbk’s B2 corporate family and senior secured bond ratings. The ratings outlook is positive. RATINGS RATIONALE “The ratings affirmation reflects Sky Vision’s healthy operating performance, which is in line with our expectations,” says Annalisa Di Chiara, a Moody’s Vice President and Senior Analyst. Full Article
Indonesia outlook revised to stable from positive - S&P | Outlook data
(Insider Stories) – Ratings agency Standard & Poor’s Ratings Services has revised its outlook for Indonesia to stable from positive while affirming its sovereign credit ratings, as stalled reform momentum and a weaker external profile have diminished the potential for a rating upgrade by the agency in the next 12 months despite a favorable debt profile Full Article
Global consumer confidence gains in Q1, Indonesia most optimistic - Nielsen | Outlook data
(Insider Stories) – Global consumer confidence rose slightly in the first quarter of this year as consumers’ perceptions of economic conditions improved in the U.S., across key markets in Asia and throughout northern and central Europe, according to Nielsen. Indonesia overtook India as the most optimistic country in terms of self-reported key economic indicators – Full Article
Dyviacom to buy 31.5% of Nippon Indosari from Treasure East Investment
(The Insider Stories) - Indonesia consumer goods company PT Dyviacom Intrabumi Tbk (IDX:DNET) plans to buy 31.5% of food producer PT Nippon Indosari Corpindo (IDX:ROTI) from Treasure East Investment Ltd. Nippon Indosari Corpindo spokeman Stephen Orlando said the acqusition will not effect the company’s operation. He declined to give more information on the transaction. Dyviacom Full Article
Bumi Serpong plans to offer up to 10% shares in rights issue
(The Insider Stories) - Indonesian property developer PT Bumi Serpong Damai (IDX:BSDE) plans to offer up to 10% of its shares in a rights issuance to finance business expansion. In the next three years BSDE plans to invest around IDR9 trillion ($900 million) with the investment to be financed from internally generated cash (now IDR3.7 Full Article
Hero sets rights offering price at IDR3,200-IDR3,900; 889 mln shares offered | Company data
(The Insider Stories) – Retail group PT Hero Supermarket (IDX:HERO) has set the price of a June limited public offering to existing shareholders of 889 million shares between IDR3,200 and IDR3,900 as it seeks to tap rising local incomes by expanding its existing hypermarket business and add a homeware division via a tieup with European Full Article
Tycoon Hary Tanoesoedibjo plans to raise IDR7 trillion
(Insider Stories) – Three companies owned by Indonesia tycoon Hary Tanoesoedibjo plan to raise funds from rights issue programs totaling up to 7 trillion rupiah this year. PT Global Mediacom (IDX:BMTR) director Oerianto Guyandi told The Insider Stories that the company will release up to 9.1% of their enlarged capital and expect to grab IDR2.97 Full Article
A Small Deflation, a Lower Trade Deficit - Bank Danamon | Outlook Data
(Insider Stories) - With Indonesia’s recent high inflation looking set to be tamer after supply disruptions have eased for food products like onions and garlic and global gold prices have cooled, markets will have their eye on consumer price index and trade data due for release May 1. The following is some analysis on what Full Article
