JAKARTA - Followings are some brief stories:
- Indonesian flag carrier, PT Garuda Indonesia Tbk (GIAA), plans to re-operate its flight service to the United States starting next year. This plan is following the announcement from Federal Aviation Administration (FAA) last month that Indonesia complies with International Civil Aviation Organization (ICAO) safety standards and has been granted a Category 1 rating. With the International Aviation Safety Assessment (IASA) Category 1 rating, Garuda Indonesia is now able to establish service to the US. Garuda planning to operate our wide body Boeing 777-300ER to serve the US flight. The flight will transit at Tokyo Narita prior flying to the US from Jakarta. The Indonesia potential market to the US is quite remarkable, reaching up to 400,000 passengers every year. Capturing the potential, Garuda Indonesia targeting its US flight to Los Angeles or New York, as two cities with highest potential market. In 2014, Garuda Indonesia announced its codeshare partnership with Delta Airlines – as the same member of SkyTeam alliance – for flight service to Los Angeles and Seattle via Tokyo Haneda.
- Indonesia Stock Exchange: three stocks enter transactions into the category of unusual market activity namel PT Andalan Energy Resources Tbk (ITMA, Rp32,100), PT Pudjiadi & Sons Ltd (PNSE, Rp785), and PT Indo Commodity corpora Tbk (INCF, Rp306).
- The management of PT Tiphone Mobile Indonesia Tbk (TELE, Rp615, BUY, TP Rp1,040) to make sure there is nothing wrong with the acquisition of PT Simpatindo Multi Media. All shares have the expropriation process through the appropriate procedures and purely as a business background.
- PT Electronic City Indonesia Tbk (ECII) announced shares buyback for the second phase after the previous buyback phase I for the period 21 September 2015 to 20 December 2015. The company has appointed PT KGI Securities as a securities broker in the second phase of the buyback.
- PT Evergreen Invesco Ltd (GREN, Rp187) will increase its capital with Preemptive Rights Issue by issuing a maximum of 150 billion new shares. According to the company’s information disclosure, Friday (9/9), GREN estimated funds to be obtained from the rights issue amounting to Rp30 trillion.
- Minister of Communications and Information Rudiantara said Big Boss Alibaba Jack Ma in principle has agreed to become advocates of e-commerce in Indonesia.
Source: Mandiri Sekuritas