JAKARTA - Followings are some news in brief:
PT Danareksa Investment Management (DIM) took state-own housing provider PT Perumnas to issue a limited investment mutual funds (RDPT) worth Rp2 trillion in order to support the government’s program for the procurement of one million homes. Director of Danareksa Investment Management Prihatmo said this funding strategy as an investment alternative equity products that will support the funding provided by the government through the State Capital, bank loans, as well as internal funding Housing. Director of Housing Bambang Triwibowo added, through schemes managed RDPT DIM, Housing several strategic projects aimed at low-income communities (MBR), the future will be financed.
During the first semester 2016, the sale of PT Timah Tbk (TINS, Rp800) is still depressed. TINS only booked revenues of Rp2.8 trillion, down 12.5 percent compared to Semester I / 2015 last. The sale price has not improved TINS forced to make a loss of up Rp32.8 billion.
From the auction of government securities on August 3o, Finance Minister raised fund Rp13 trillion. This figure is above the indicative target set at Rp12 trillion. Site Directorate General of Financing and Risk Management of Finance Ministry, total bids in the auction this time reaching Rp22.11 trillion.
PT Wijaya Karya Tbk (WIKA, Rp3,240, BUY, TP Rp3,000) in cooperation with PT Agung Podomoro Land Tbk (APLN, Rp290), working on the construction of vertical housing project Podomoro Golf View (PGV) in cimanggis. Through its unit PT Wika Building efforts, WIKA has bagged new contracts Rp820 billion of such cooperation.
Performance PT Perusahaan Gas Negara (PGN, Rp3,020, SELL, TP Rp3,400) remains good in the world oil price has decreased significantly and the exchange rate fluctuates. During the first half of 2016, net income amounted PGN US $ 1.44 billion was up $ 23 million compared to the same period of the previous year of US $ 1.42 billion.
Sources: Mandiri Sekuritas