JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team :
*PT Federal International Finance (FIF), unit of PT Astra Internasional Tbk (ASII) plan to issue bonds up to Rp8.0 trillion in 2017 from this year it has issued with amount Rp 7 trillion. In the first quarter of 2017, FIFG targeting to offer sustainable public offering (PUB) III Phase I around Rp 3 trillion. Jerry Fandy, Head of Treasury and Funding PT Federal International Finance (FIFGROUP) said the company require funding of about Rp 25 trillion in 2017. The fulfillment of the funding comes from bond issuance 14% of total funding, bank loans (offshore and onshore) respectively 15%, joint financing 20% and the other from the company’s cash.
*PT Chandra Asri Petrochemical Tbk (CAPC) plans to sold two series bond with total value of Rp 500 billion. A series worth Rp 361.4 billion with a fixed coupon of 10.8% per year and have three-year tenor until Dec. 22, 2019. Then, Series B amounting to Rp 138.6 billion with a fixed coupon of 11.3% per year. The bond have tenor five-year that will expire on Dec. 22, 2021. The offering took place on Dec. 16 and 19, the allotment will be held on Dec. 20 and distributed electronically on Dec. 22, 2016. Chandra Asri appointed PT DBS Vickers Securities Indonesia, PT Mandiri Sekuritas, and PT BCA Sekuritas as underwriters for the bonds.
*PT Tambang Timah Tbk (TINS) targeting the production of tin would be boosted by about 20% to 30,000 tonnes in 2017. In addition, the company prepared capital expenditures above Rp 600 billion. The company also has plan to diversified the businesses to shipping services, hospitals, property and agribusiness. Based on the company’s road map, its agribusiness unitPT Timah Agro Manunggal will prepare a beef cattle feedlot capacity of 1,000 animals, producing compost and planting fodder. Then, in the shipping services business will make corrections graving dock in Selindung, Pangkal Pinang, and form the dredging business through PT Dok & Shipping Water Pouch. TINS has a total mining business license as many as 117 units with a total area of 511,361 hectares of mining and with 328,392 tons of ore reserves.
*PT Adi Sarana Armada Tbk (ASSA) allocated capital expenditure alias in next year’s capital expenditure up to Rp 1 trillion in 2017. Adi Sarana intends to use the majority of the funds to buy a new car around 5,000 units to rejuvenating old car fleet. Hindra Tanujaya, Director of Adi Sarana said, the company aiming the revenue growth around 17% next year.
*Crude oil prices rose in today’s trading (19/12) after the US dollar rally stalled. West Texas Intermediate oil prices rose 0.46%, or US$0.24 to $52.14 per barrel on the New York Mercantile Exchange. At last week’s trading, WTI closed at $51.90 per barrel. Meanwhile, Brent crude for February delivery rose rose 0.47%, to $55.47 on the ICE Futures Europe exchange based in London. Last week, Brent closed up 2.2% to $55.21 per barrel. Oil rose for the first time in three days after the dollar stalled and attention shifted back to the projected production cuts.
*Crude palm oil prices (CPO) is still in a bullish trend. According to Bloomberg, last Friday (16/12), the CPO price in March 2017 delivery contract in Malaysia Derivative Exchange amounted to RM 3,161 per metric ton, or US $ 706.21 per metric ton. When calculated in a week, the price has flown 3.74%.