JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*Three companies to issue bonds with total values Rp 4.9 trillion in the coming months. PT Bank UOB Indonesia Tbk will issue Rp 1.1 trillion, PT Professional Telekomunikasi Indonesia (Protelindo) Rp 800 billion and PT Angkasa Pura I launched a total debt of Rp 3 trillion. Sustainable Bonds I Bank UBO is offered in three seriesA, B and C each provide a coupon of 7.2%, 8% and 8.25% per year. While Sustainable Subordinated Bond I Bank UOB Indonesia Phase I 2016 is offered with a fixed coupon of 9.4% per year. While, Protelindo sold in three series, with each coupon of 7.9%, 8.25% and 8.75% per year. Last, Angkasa Pura I Bonds I Year 2016 amounting to Rp 2.5 trillion and Sukuk Ijarah I space Pura I 2016 as much as Rp 500 billion also in three series, with a coupon of respectively 8.1%, 8.4% and 8.55% and sukuk issued in three series with a coupon of 8.1%, 8.4% and 8.55%. Most corporate bond issuance is predicted to accelerate before the Fed raised interest rates. This year, corporate bond issuance is estimated to reach Rp 100 trillion. Later this year, Henry estimates, coupon corporate bond with a tenor of three years idAAA rating of 7.5% -8%.
*The new contract PT Adhi Karya Tbk (ADHI, Rp1,990, BUY, TP Rp3,200) to Okt16 reach IDR11.4 trillion, 45.7% against a target of new contracts in 2016 Rp25 trillion. ADHI growth of new contract until October 2016 increased by 8.2% compared with last year. In connection with the construction of Light Rail (LRT) corridor Jabodebek in Cawang - Dukuh Atas and will do the job Test Pit and Soil Investigation, the joint issuer of Jakarta Transportation Agency and other interested parties will conduct traffic regulation.
*Indonesia Stock Exchange insert movement of shares of PT Bank Rakyat Indonesia Tbk Agroniaga Tbk (AGRO, 520) in a category outside the box (UMA). Stock exchange authorities urge investors to pay attention to information disclosure.
*Moody’s Investors Service lowered its outlook (outlook) debt rating of PT MNC Investama Tbk (BHIT, Rp138) to negative from stable. Ranking The same goes for bligasi issuer and its subsidiaries. Debt rating of Caa1 set back for the company. (Research Moody’s)
*Indonesian Life Insurance Association (AAJI) said customer funds during the third quarter 2016 entry into the largest insurance companies are now allocated to the capital markets sector. In this case the majority of the portfolio is placed in the form of mutual funds by 32.7%.
*National Construction Contractors Association of Indonesia (Gapensi) estimates that the construction sector in the country will grow significantly in 2017. This was in line with the government’s determination to make infrastructure development a priority next year.
*PT Semen Baturaja Tbk (SMBR, Rp2.400) targeting the construction of a new factory in 2017 to increase production and to win the competition in the country. Director of SMBR Pramuji Rahardjo said Balfour II plant will have a production capacity of 1.85 million tons of cement per year.
*Crude palm oil (CPO) to droop due to the potential increase in production Indonesia. Analysts said the CPO price trend will be weakened if the production increase continues until the end of the year. On Friday, the CPO price in February 2016 delivery contract in Malaysia Derivative Exchange eroded 0.5% to RM2.862 level (US $ 648) per metric ton compared to the previous day. In the past week, CPO eroded by 3.3%.