JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*PT Prodiya Widyahusada has set the exercise price of the initial public offering (IPO) Rp 6,500 per share. As is known, previously Prodia set a price range of Rp 6,250-Rp 8,000 per share. The exercise price of Rp 6,500 per share that reflects the price-earnings ratio 47 times and EBITDA by 20 times. There is no change in the number of shares released, which is still 187.5 million new shares, or 20% of the total issued and fully paid. Thus, Prodia would reap fresh funds of about Rp 1.22 trillion through this event.
*Telekomunikasi Internasional (Telin) Singapura Pte. Ltd., a subsidiary of PT Telekomunikasi Indonesia Tbk (TLKM) inaugurated the third data center services, Telin-3 are located in Singapore Data Centre Park in Jurong, Singapore. Telkom Group CEO Alex J. Sinaga said that the operation TELIN-3 Data Center is one important step for TelkomGroup in realizing the company’s vision and is the first footprint established TelkomGroup to explore international business. In line with the expansion strategy of international business, data center TELIN-3 is one of the important investment to strengthen and expand its portfolio of digital businesses.
*Minister of Energy and Mineral Resources stated Ignatius Jonan said industrial gas price reduction announcement for the three sectors will be announced tomorrow, Wednesday (Nov. 23, 2016). According to the results of a coordination meeting at the Coordinating Minister level, only three sectors that will enjoy a reduction in the price of industrial gases, namely petrochemicals, fertilizers and steel.
*Rubber prices closed higher in today’s trading, following optimism over rising demand. Rubber for April 2017 delivery, the most active contract on the Tokyo Commodity Exchange, closed up 2.41% or 5.40 points to 229.50 yen per kilogram.
*Strengthening of the price of crude palm oil (CPO) continued in early trading today, Selasa.Kontrak CPO futures for February 2017, the most active contract on the Bursa Malaysia, opened this morning remained at 2,919 ringgit per tonne.
*Comex Gold prices extended gains in trading today, Tuesday, and continued to strengthen its gains. Gold prices opened higher 0.31% to US $ 1,213.5 per ounce. Gold’s rise along with the rise in prices of copper, zinc, and tin. Gold managed terkerek from its lowest level since February, also due to the pressure declining dollar.