JAKARTA (TheInsiderStories) – Followings are some market news, compiled by Mandiri Sekuritas and other sources, that may affect shares trading today:
*Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan hopes the Japanese Government is willing to develop semi high-speed railway project that connect Jakarta and Surabaya with the speed of 180-200 km per hour. With this train, it is expected that it would only take 3.5 hours to get to Surabaya from Jakarta. Luhut had a meeting with Japanese Prime Minister Shinzo Abe to discuss a number of issues about investment in Indonesia, including this semi high-speed railway project.
*PT Garuda Indonesia Tbk (GIIA) reached sales of Rp304 billion from the GATF 2016, where Jakarta is the city with the highest Rp185 billion with the number of visitors total of 47 thousand peoples. GATF 2016 Phase 2 was held simultaneously in 18 cities in Indonesia, namely Jakarta, Bandung, Medan, Lampung, Palembang, Semarang, Solo, Yogyakarta, Surabaya, Denpasar, Lombok, Kupang, Balikpapan, Makassar, Manado, Ambon, Timika Jayapura. During the 3-day implementation of the GATF in 18 cities, Garuda Indonesia hopes to reach total sales worth Rp386 billion.
*State-owned airport operator PT Angkasa Pura II (AP II) has officially operated two new subsidiaries, PT Angkasa Pura Cargo and PT Angkasa Pura Propertindo. AP II’s President Director Muhammad Awaluddin, said the purpose of the establishment of two new subsidiaries are to expand the business portfolio of the company and to increase revenue from non-aero business. With the operation of the two subsidiaries, AP II is projected to generate revenues of over US$500 billion in 2016.
*Indonesia Stock Exchange (IDX) stopped the trading of PT Ratu Prabu Energi Tbk (ARTI, Rp55). This is done because of their significant cumulative price decline, ARTI shares will not be traded in the regular market and cash market trading since Oct. 6. IDX also enter PT Capitol Nusantara Indonesia Tbk (CANI, Rp496) and PT Sigmagold Inti Perkasa Tbk (TMPI, Rp212) into the ordinary or unusual market activity. CANI and TMPI shares recorded a decline in prices and activity in the stock out of the ordinary.
*PT PP Property Tbk (PPRO, Rp1.295) spread its wings to the Sentul area of Bogor denban build an apartment project Apartment Verdura. The project is a joint project between PT PP Property Tbk and PT Sentul City Tbk in the form of three apartment towers has a resort in the CBD area, namely Sentul Centerra. Investments class snapper is located in an area of 10,000 m2. The number of units to be built up to 1,800 units, with a total gross floor area to be built is 116 475 square-meter.
*Crude oil prices fell as investors speculated that the decline in US oil reserves would trigger producers increase output. West Texas Intermediate oil for November delivery was observed to weaken by 0.52% or 26 cents to US$49.57 per barrel.
*PT Bukit Asam Tbk (PTBA, Rp10.850, NEUTRAL, TP Rp9,200) re-suspend the activities of exploration for additional resources outside the area that has obtained an exploration permit during the period of October 2016 through March 2017.
*Poundsterling weakened sharply to 6% in Friday trading. Attenuation is also the lowest since 1985, when a massive selloff of market participants.
Source: Mandiri Sekuritas