JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*PT Ultrajaya Milk Industry Tbk (ULTJ) held a private placement worth Rp472,5 billion through a local broker, Sucorinvest Central Gani. Private placement transaction conducted on Nov. 16 that represents 3.3% of the total shares outstanding by 95 million shares ULTJ. Previously, in early August 2016, ULTJ also do a private placement transaction 6,84% or as much as 197.65 million shares valued at Rp791,9 billion. Crossing transaction was facilitated by Decker & co. and Sucorinvest Central Gani. With the private placement, ULTJ stock trading liquidity is expected to improve.
*PT Vale Indonesia Tbk (INCO) targeting the capacity production will be higher than 80,000 metric tons of nicke; in 2017 from this year targets 80,000 metric tons of nickel. INCO’s nickel production this year is prediction lowered than 10% of the total target of 80,000 metric tons because the technical failure occurs in early November. Until September 2016, the company has been producing 58,000 metric tons of nickel or 70% of the total target. The company prepared capital expenditure of US$ 0 million in 2017, the same as this year for the conversion of coal, improvement and optimization of assets, as well as the turnover number of heavy equipment on a regular basis.
*Minister of Finance Sri Mulyani Indrawati has asked people not to indulge in the issue of withdrawal of money from banks. According to him, there is no compelling reason for people to withdraw money that had been deposited in the bank. She said security money deposited in national banks have been guaranteed by the government. Therefore, people should not worry about the condition of banks in the country.
*PT Pefindo Rating Indonesia pinned idA + rating for bonds worth US$145 million which will be published by PT Medco Energi International Tbk (MEDC, Rp1.330). IdA + also pinned to four other bond issuance. According to a report cited PEFINDO Bisnis.com Monday, the bond will be used for debt or refinancing Payments by 60% and working capital with a share of 40%.
*Rubber prices closed surged in early trading this week, on Monday. Rubber for April 2017 delivery, the most active contract on the Tokyo Commodity Exchange, closed rose 6.97% or 14.60 points to 224.10 yen per kilogram.
*PT Cikarang Listrindo Tbk (POWR, Rp1.320) distributed an interim dividend in 2016 worth US$10 million or equivalent to $0.0006216 per share.
*PT Evergreen Invesco Ltd (GREN, Rp272) reported were related to the recording process of their shares with the rear track (backdoor listing) subsidiary of AJB Bumiputera 1912. Currently, GREN intends to hold a rights issue in large quantities, namely Rp40 trillion.
*The government is preparing the reported issuance of global bonds totaling US$3.5 billion at the end of this month or the end of December. Four global banks reportedly been appointed to process the publication, which includes Bank of America Merrill Lynch, Citibank, HSBC, and Standard Chartered Bank.
*Study of resident tax payments are released World Bank and Pricewaterhouse Cooper ranks of Indonesia 104 out of a total of 190 countries, up 44 from last year’s level. The position was higher than Thailand (109) and Vietnam (167) but still below Singapore (8) and Malaysia (61).
*PT Securities Rating Indonesia (PEFINDO) raised the debt rating of PT Pembangunan Perumahan Tbk (PTPP, Rp4.070, BUY, TP Rp5.200) to A + from idA with a stable outlook. The rankings also applies to corporate bonds.