JAKARTA - Followings are some market news, compiled by Mandiri Sekuritas, that may affect market trading today:
- Tax amnesty progress: Rp53.6tn revenue. Acceptance is based on the letter of tax payments (SSP) rose Rp17,3 trillion to Rp53.6 trillion at the end of last week relative to the position on Thursday. Based on a statement of asset, the tax receipts from a tax amnesty rose Rp6.6 trillion to Rp42.2 trillion. Total assets reported rose Rp291 trillion to Rp1,770 trillion, consisting of domestic declaration 67.7%, 27.1% foreign declaration, and the rest repatriation. Currently, the market awaited the procedural rules of the relaxation of the period of profit taking, SPV, and forwarding of administrative delivery is scheduled to be published Ministry of Finance.
- Indonesia Stock Exchange (IDX) is ready to extend the provision of incentives in the form of discounts on transaction fees under the name or stock crossing for taxpayers to follow tax amnesty program. If earlier transaction fee is only granted until Sept. 31, it will be extended into force until Dec. 31. This renewal plan comes after the government formally revising the Finance Minister Regulation (PMK) PMK No. 118 to No. 141.
- PT United Tractors Tbk: August Operational Update (UNTR, Rp17.925, SELL, TP 11.000). Komatsu sales Aug16 period was driven by the construction sector, but demand from the mining sector can be improved in 2017. Meanwhile, coal production improved because of good weather. They still recommend SELL with TP Rp11,000. (Ariyanto Kurniawan/Research Mandiri Sekuritas),
- Manufacturer of automotive filter PT Selamat Sempurna Tbk (SMSM, Rp4.480) plans to conduct a stock split or a stock split in order to improve liquidity. Current public grasping 602.85 million shares or 41.87% of issued fully paid. Details more pending approval from shareholders in general meeting extraordinary shareholders to be held on October 18, 2016.
- Indonesia Stock Exchange (IDX) recorded total emission of bonds and sukuk with 49 emissions of 38 listed companies worth Rp69,50 trillion. With this registration, the total total emission of bonds and sukuk listed on IDX are currently 297 issuances with total nominal outstanding of Rp283,76 trillion and US $ 50 million, issued by 103 issuers.
- Manufacturer Bir Bintang namely PT Multi Bintang Indonesia Tbk (MLBI, Rp13.100) still obstacles about government regulation regarding the distribution of alcoholic beverages. Now the company is reviewing the construction of a plant expansion minol time in Mojokerto, East Java.
- PT Astra Graphia Tbk (ASGR, Rp2.060) will share interim cash dividends to shareholders amounting to Rp 27 per share on October 17, 2016. The cum and ex-dividend in the regular market and negotiation on September 29 and 30th September 2016. While in the market cash on October 4 and October 5, 2016 with the register of shareholders (DPS) to 4 October 2016,
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Indonesia’s leading minimart operator PT Sumber Alfaria Trijaya (IDX: AMRT) with brand Alfamart aims to scale up its operation in the Philippines by increasing the number of its store from the current 185 to 400 in 2017. The company entered into the Philippines in 2014 through a joint venture partnership with the country’s largest retailer SM Retail. Alfa Group chairman Djoko Santoso.