JAKARTA (TheInsiderStories) - Followings are some market news that will serve as your investment compiled by our team and Mandiri Sekuritas :
*PT Selamat Sempurna Tbk (SMSM) conducted a stock split with a ratio of 1: 4, from the original 1.4 billion shares with a nominal value of Rp 100 per share to 5.7 billion shares with a nominal value of Rp 25 per share. SMSM director Ang Andri Pribadi said, a minimum requirement of outstanding shares in a public or a free float of 7.5% has been met by SMSM. Current public shareholding totaled 602.85 million shares or 41.87% of issued and fully paid.
*PT Saratoga Investama Sedaya Tbk (SRTG) entered the hospital business. Diversified business is done by investing in PT Famon Awal Bros Sedaya (FABS) by taking new shares with worth Rp75 billion, citing the company’s disclosure to Indonesia Stock Exchange. FABS is the parent of several companies that manage the hospital with a brand Awal Bros Hospital located in Jakarta, Bekasi, Tangerang, and Makassar.
*The government successfully issued syariah bonds with worth Rp2.52 trillion of total incoming bids of the auction participants Rp4.03 trillion. Issuance value is higher than the indicative target of Rp3 trillion.
*Fitch Ratings said 75 non-financial companies from a total of 100 companies listed on the stock exchange (listed) with the largest market capitalization has potential credit profile best position is a positive credit profile in the period 2015-2017. The research indicated that position turned from the previous position 2013-2015 in which 67 companies listed were in the zone of negative credit profile.
*Coordinating Minister for the Maritime Luhut Binsar Pandjaitan said there are three industries of the 11 industries in Indonesia that should really be given a discount price of gas. All three are industrial fertilizers, petrochemicals, steel and metals. Earlier, the government has saied there are 11 industries that have to get a recommendation for a gas rebate. Among other steel industry, ceramic, glass, petrochemicals, fertilizers, oleochemicals, rubber gloves, pulp and paper, food and beverages, textiles and footwear, and textiles.
*Oil and gas sector is still facing difficult times. Recovery in this industry must originate from a source of cash flow, ie oil prices and capital expenditure (capex) large oil and gas companies. Falling oil prices that occurred since the middle of 2014 has forced companies to cut capital spending amid higher production costs.
*PT Adaro Energy Tbk (ADRO, Rp1.460, NEUTRAL, TP Rp1,100) completed the share purchase transaction IndoMet Coal coal mine project worth US$120 million. The Company officially took over 75% stake IndoMet Coal of BHP Billiton Ltd. on October 14, 2016.
*Natural Synergy Pte Ltd, a subsidiary of PT Alam Sutera Realty Tbk (ASRI, Rp464, NEUTRAL, TP 350). Issued global bonds worth US $ 245 million with interest rate of 6.625%. Joseph Tjong, Director of Alam Sutera, said the global bond will be used to repay bonds due 2019 have a coupon rate of 9%. Meanwhile, the new bonds issued company shares coded ASRI that will mature in 2022.
*Indonesia Stock Exchange (IDX) until earlier this week noted that the total emission of bonds and sukuk as much as 57 emissions of 41 listed companies worth Rp81,45 trillion. The total emission of bonds and sukuk listed on IDX are currently 303 issuances with total nominal outstanding of Rp293,71 trillion and US$50 million, issued by 102 issuers.
*PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO, Rp286) has set the price of the rights issue at a price range of Rp130-Rp175 per share. The company will release as many as 3.84 billion new shares. (*)