BRIEF STORIES:
- Indonesia Stock Exchange includes the movement of PT Lamicitra Nusantara Tbk (LAMI, Rp444) and PT Tempo Intimedia Tbk (TMPO, Rp 168) into the category of unusual market activity (UMA). Currently, the stock exchange authority is observing the development of the stock transaction patterns.
- PT Tiga Pilar Sejahtera Tbk (AISA, Rp 2,170) recorded gains of up Rp50.14 billion due to foreign currency exchange rate differences as of June 2016. The growth of foreign exchange gains recorded foreign currency Tiga Pilar Sejahtera reached 206 percent year on year from a position Rp16.36 billion in the same period last year.
- PT Agung Podomoro Land Tbk. (APLN, Rp312) plans to sell two hotel assets through real estate investment fund scheme with the estimated value of Rp3.2 trillion. Hotel assets to be sold to the investment manager is Pullman Jakarta Central Park and Sofitel Nusa Dua Resort.
- APLN also said it has obtained a new loan to pay off the bonds worth Rp875 billion, which will mature on August 25, 2016. Finance Director Agung Podomoro Land, Cesar M. Dela Cruz, said the loans from banks will dominate the bond repayment fund portion.
- The share price of PT XL Axiata Tbk. (EXCL, Rp3.370, BUY, TP 4000) on the first trading session on Tuesday (23/08/2016) closed down 9.89% to Rp3,370 per share. EXCL stocks have slumped as the publication of the financial statements of the semester I / 2016. XL Axiata Group controlled the incised decline in revenue in the first half of this year by 2.14% to Rp10.85 trillion, compared with the first half / 2015.
- PT Pembangunan Perumahan Tbk (PTPP, Rp4.650, BUY, TP Rp4,300) has bagged a contract for construction projects Rp58.42 trillion. The achievement of the contract value is obtained from new contracts amounting to Rp 19.42 trillion and the rest of the contract (carry over) in 2015 amounted to Rp39 trillion.
- Indonesia Stock Exchange (BEI) has issued Circular (SE) number SE-00002 / BEI / 08-2016 incentives related transactions in the stock market. This incentive is given to the taxpayer (WP) following the tax amnesty program or a tax amnesty that want to conduct transactions or crossing behind the name of the stock in the stock market before September 30, 2016. For transactions Rp3 trillion to Rp 5 trillion, BEI will provide discounts of up to 45%.
- PT Dharma Satya Nusantara Tbk (DSNG, Rp482) through its subsidiary, PT Swakarsa Sinarsentosa, received loans worth Rp200 billion and US$ 33 million (Rp435,6 billion) from PT Bank Central Asia Tbk (BBCA, Rp15.275, NEUTRAL, TP Rp13.000). The funds will be used for gardens and other investments. (*)