JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by Mandiri Sekuritas and Samuel Sekuritas :
*PT Sinar Mas Multifinance Tbk (SMMA, Rp8,500) offers a coupon of 9.5% for the emission of bonds worth Rp500 billion with a tenor of 5 years. The Corporate Secretary Lila Surjono said, the company also plans to seek financing by issuing medium term notes (MTN) in 2017. MTN issuance is one solution to seek fresh funds. This year Sinar Mas Multifinance also extend the tenor for MTN.
*The number of shares of PT Selamat Sempurna Tbk (SMSM, Rp1.030) has increased to 5.76 billion units. Based on the disclosure of information on the Indonesia Stock Exchange, the increasing of the number of outstanding shares was in line already the implementation process of a stock split.
*PT Medco Energi International Tbk (MEDC, Rp1.270) published the short and medium term bonds or medium term notes (MTN) worth US$55 million, based on the announcement by Indonesian Central Securities Depository.
*PT Golden Energy Mines Tbk (GEMS, Rp2.220) will provide the second tranche of interim dividend to shareholders of US$13 million or $0.0021 per share.
*The need for aluminum is expected to rise every year. Most of the demand for aluminum is still relying on imports. This year, an estimated 850,000 tons of aluminum demand. Of the total requirement, the domestic aluminum producer PT Indonesia Asahan Aluminium was only able to fulfill 250,000 tons.
* PT Chandra Asri Petrochemical Tbk (TPIA, Rp19.150) will pay back debt that is denominated in United States dollars (US) by issue global bonds amounting to Rp500 billion (US$37.88 million).
*PT Perkebunan Nusantara (PTPN) V issuing medium term notes (MTN) amounting to Rp500 billion on Nov. 14. PT Indonesian Central Securities Depository notes, an instrument called MTN I PTPN Vtahun 2016, offer a fixed coupon of 12% per year.
*PT Hanjaya Mandala Sampoerna Tbk (HMSP, Rp3.780, NEUTRAL, TP Rp3.850) and PT Union Sampoerna Dinamika, unit of HMSP, has sold PT Sampoerna Printpack, a cigarette packaging company in Surabaya to PT Balima Agung Perkasa.
*Chinese retail sales in October 2016 dropped to 10% YoY from 10.7% YoY. (Shanghai Composite Index + 2.2%, USD / CNY + 0.82% WoW)
Indonesia’s growth slowed. Indonesia’s GDP growth in the third quarter / 2016 slowed to 5.02% YoY from 5.18% YoY. (CSPI -2.4% WoW).
*The realization of tax revenue in October 2016 rose to 64%, better than the achievement of the 62% in October 2015. (Yield on 10-year government securities + 55bps, JIBOR 1W + 4bps WoW)
*Foreign exchange reserves fell in October 2016 from US$115.7 billion to $115 billion mainly due to intervention in the foreign exchange market.
Upcoming events
*BI governors board meeting concluded on Thursday afternoon, Samuel Sekuritas said BI rate is expected to remain at 4.75%. BI-awaited response to external shocks and the slowdown in GDP US inflation in October 2016 was announced Friday night is expected to rise.