JAKARTA (TheInsideraStories) – Yesterday, the Jakarta Composite Index was closed down 0.35 percent to 6,362.62 from previous day which was closed up 0.08 percent to 6,384.90. For today, the composite index is estimated lowering in the range 6,294 – 6,365.
The top gainers were PT Astrindo Nusantara Infrastruktur Tbk (IDX: BIPI) which was closed up 32 percent to Rp66 per share, followed by PT Krida Jaringan Nusantara Tbk (IDX: KJEN) which increase 25 percent to Rp470 a piece.
While, the top losers were PT Onix Capital Tbk (IDX: OCAP) and PT Bank Agris Tbk (IDX: AGRS) which were closed down 24.53 percent to Rp1,000 each and 22.67 percent to Rp232 a share, respectively.
PT Astrindo Nusantara Infrastruktur Tbk (IDX: BIPI)
The company received permission from Financial Service Authority to conduct rights issue in the coming months. The infrastructure company plans to add capital by releasing 4.53 billion new shares with price of Rp100 per share, said Astrindo.
PT Blue Bird Tbk (IDX: BIRD)
The transportation company will expand it business in four airports in Java Island. Two of the airports are New Yogyakarta International Aiport and Kertajati Airport. Then, Blue Bird and and PT MRT Jakarta agreed to cooperate with “Integrated Transportation Service Development Study and Booking and Payment of Jakarta MRT Tickets for Jakarta MRT and Bluebird Users”.
PT PP Properti Tbk (IDX: PPRO)
Bond of the company oversubscribed 4.58 times from the initial amount of Rp534.50 billion (US$37.64 million). The interest rate for the bonds is 11 percent per year with a period of three years after the issuance of the bonds. The bonds will be offered on July 15-16 and will be listed on the Indonesia Stock Exchange on July 22.
PT Wijaya Karya Tbk (IDX: WIKA)
The state-owned construction firm set up a joint venture company with PT Perkebunan Nusantara VIII dan PT Rajawali Nusantara Indonesia to develop industrial area in Subang, West Java. WIKA’ CEO Tumiyana said that the cooperation has the potential to raise revenues up to Rp3,500 trillion over the next 40 to 50 years. While the investment value is around 65 percent of the predicted income.
PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA)
The company is about to conduct private placement by issuing 1.57 billion share with nominal price of Rp200 per share. The capital from the private placement will be used for restructuring financial and supporting business.
PT Trada Alam Minera Tbk (IDX: TRAM)
The company planned to hold a rights issue of as many as 100 billion bar shares or 201.43 percent of the company’ issued and fully paid capital for business expansion or business repayment and company debt. TRAM will also issue 14 billion warrants which can be converted into 14 billion shares.
For today, Reliance Sekuritas recommended PT Charoen Pokphand Indonesia Tbk (IDX:CPIN), PT Panca Budi Idaman Tbk (IDX: PBID), PT Bank Tabungan Negara Tbk (IDX:BBTN), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (HMSP), PT Tower Bersama Tbk (IDX:TBIG), PT Blue Bird Tbk (IDX:BIRD), PT Media Nusantara Citra Tbk (IDX:MNCN), PT Ramayana Lestari Tbk (IDX: RALS) and PT AKR Corporindo Tbk (IDX: AKRA) stocks to be watched.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia