Indonesian government raised ¥177 billion (US$1.62 billion) funds from six series of Samurai bond sales - Photo: ING

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 1.38 percent to 5,907.12 from the previous day which dropped 1.17 percent to 5,826.87. For today, the composite index is predicted will strengthen to 5,789-5,977, said Indosurya Sekuritas.

Top Gainers

On Monday, the top gainers were PT Radana Bhaskara Finance Tbk (IDX: HDFA) and PT Jasnita Telekomindo Tbk (IDX: JAST) stocks, which rose 28.57 percent to Rp180 per share and 25 percent to Rp575 each, respectively.

Top Losers

While, the top losers were PT Reliance Securities Indonesia Tbk (IDX: RELI) share which slumped 17.21 percent to Rp202 a piece, followed by PT Lippo General Insurance Tbk (IDX: LPGI) stock which closed down 17.07 percent to Rp3. 400 per share.

PT Adi Sarana Armada Tbk (IDX: ASSA)

The transportation issuers allocated capital expenditure of Rp 1.6 trillion (US$111.11 million) this year from previous year of Rp 1.2 trillion. The funds will be used to buy 6,500 new fleets, digital business investments and the development of the auction business.

PT Bukit Darmo Property Tbk (IDX: BKDP)

The property developer will hold a private placement by issuing 683.09 million shares or 10 percent of the total shares. All funds obtained will be used for the construction of hotels located on the company’s land in Surabaya.

PT Wijaya Karya Beton Tbk (IDX: WIKA)

The state-owned company pocketed new contracts wortj of Rp1.8 trillion or around 19.84 percent of this year’ total contract targets. The contract consists of Bogor Outer Ring Road of Rp157 billion, Kulon Progo Airport of Rp136 billion and other projects.

PT Smartfren Telecom Tbk (IDX: FREN)

The Telecommunication company will convert bonds to 22 billion shares with a value of Rp100 per share. Last year, a unit of Sinar Mas Group offered 10 percent shares through private placement scheme. Along with it, the telecommunication operator also released 67.01 billion of new shares and warrants as many of 36.30 billion shares.

PT Multipolar Tbk (IDCX: MLPL)

The holding company provides collateral for subsidiary loan, PT Brilliant Ecommerce Berjaya of $8.3 million. The guarantee is part of the facility agreement between the company and Tokyo Century Leasing.

For today, Indosurya recommends PT Waskit Beton Precast Tbk (IDX: WSBP), PT Wijaya Karya Beton Tbk (IDX: WTON), PT Bank Central Asia Tbk (IDX: BBCA), PT Unilever Indonesia Tbk (IDX: UNVR), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Telekomunikasi Indonesia Tbk (IDX: TLKM), PT Astra International Tbk (IDX: ASII) and PT Wijaya Karya Tbk (IDX: WIKA) stocks to be watched.

US$1: Rp14,400

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia