JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*PT Pan Brothers Tbk (PBRX, Rp446) plan to issue global bond denominated in US dollars at maximum principal amount of US$200 million by a subsidiary company in the Netherlands that PB International BV.
*Rubber price for April 2017 delivery closed higher, the most active contract on the Tokyo Commodity Exchange, closed up 0.33% or 0.70 points to 213.10 yen per kilogram.
*PT Jasa Marga Tbk (JSMR, Rp4,300, NEUTRAL, TP Rp.5,300) continue the planned sale of the minority portion of toll roads that have matured. Anggiasari Hindratmo, Finance Director JSMR states, JSMR had filed a sales plan on commissioner.
*The nickel price contract delivery in three months on the London Metal Exchange rose 0.31% to US $ 11,295 per metric ton. In the past week all costs climbed 0.31%.
*Two subsidiary of PT Wijaya Karya Tbk (WIKA, Rp2.390, BUY, TP Rp2.580), namely PT Wijaya Karya Beton Tbk (WTON, Rp825, BUY, TP Rp990) and PT Wika House has done a memorandum of understanding or MOU to form a new joint venture company engaged in the precast.
*US dollar currency is predicted to climb along with the strengthening of economic data retail sales. Sentiment is once again raising the chances of Federal Reserve interest rate hike in December 2016.
*PT HK Realtindo (HKR), a subsidiary of state-owned contractor PT Hutama work is engaged in the property, planned to be the exchange floor in the first half of 2017. The initial public offer (IPO) HK Realtindo is one step in the company to support the required equity shortfall to work on the assignment of trans Sumatra highway.