JAKARTA - Followings are some market news, compiled by Mandiri Sekuritas, that may affect shares trading today:
*The acquisition process of PT Eagle High Plantation Tbk (BWPT, 200) by Felda Investment Corp Sdn Bhd (FIC), a subsidiary of Federal Land Development Authority (Felda) has entered the final stage. FIC will buy shares through a scheme BWPT initial transaction, ie cash purchases.
*OJK will revise branchless banking policy. FSA plans to revise its current policy of branchless banking in order to accelerate the growth of finance. Per Jun16, 13 banks have participated in the program with a total 104.7k branchless banking agents, 1.6 million clients, and a deposit of Rp63,7 billion. OJK is reviewing the new policy that combines digital financial services with branchless banking services to accelerate the growth of financial inclusion.
*PT Ciputra Development Tbk (CTRA, Rp1,600, Rp1,600 BUY TP) determined to meet the revenue target of pre-sales (pre-sales) Rp9.3 trillion this year. In the last quarter of 2016, CTRA ready to launch five new projects. While this adds five new projects at once, CTRA still have homework to pursue sales targets. Until August this year, this new issuers Ciputra Group pocketing sales of Rp 4 trillion.
*Rubber prices closed up 2.77% following the strengthening of crude oil. Rubber for delivery in March 2017, the most active contract on the Tokyo Commodity Exchange, closed up sharply 2.77% or 4.60 points to 170.60 yen per kilogram (kg).
*Indonesia Stock Exchange (IDX) revoke the suspension of trading of securities (suspension) on the shares of PT Bumi Resources Tbk (BUMI, Rp78). BUMI shares can be traded again on the regular market and cash market starting from the second session of trading of securities on Oct. 5, 2016. BUMI shares were suspended in the regular market and cash market since June 30, 2016. The issuer’s shares rose 13.24% to the closing of the market.
*Indonesia Stock Exchange declared emission value of debt securities or bonds and sukuk since the beginning of the year up to October 2016 has reached Rp80,25 trillion. Says Head of Corporate Assessment I BEI, I Gede Nyoman Yetna, total emissions of bonds and sukuk that have been recorded throughout 2016 was 55 emissions of 40 listed companies worth Rp80,25 trillion.
*Corporate bonds amounting Rp2,90 trillion ready to enter the capital market early this October. The bonds came from three issuers. One of them, bonds of PT Mandiri Tunas Finance valued at Rp500 billion. Indonesia Stock Exchange declared emission value of debt securities or bonds and sukuk since the beginning of the year up to October 2016 has reached Rp80,25 trillion.
*PT Saranacentral Bajatama Tbk (STEEL, Rp362). signed an agreement for the extension of credit by an affiliated company of PT Sarana Steel for US $ 20.6 million. Mode of Steel is an affiliated company because there are similarities management and shareholders.
*PT Krakatau Steel Tbk (KRAS, Rp745) set the price range of the implementation of the capital increase with pre-emptive rights I give (PMHMETD I) around Rp500-565 per share.
*Two companies heavy equipment PT Hexindo Adiperkasa Tbk (HEXA, Rp3.820) and PT United Tractors Tbk (UNTR, Rp18.700, SELL, TP 11.000) dividends to the value of each US $ 106 million and Rp533,39 billion.
Source: Mandiri Sekuritas