JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*Rating agency Moody’s Investors Service affirmed the ratings of debt securities Indonesian Export Financing Agency (LPEI) at Baa3 with a stable outlook. Indonesia Eximbank’s credit profile is also unchanged at Ba3. It reflects the capital adequacy and strong liquidity amid the weakening credit quality. Moody’s noted, the majority of Eximbank financing channeled to sectors related to commodities, including mining and agribusiness accounted for 29% portion of the total financing. Meanwhile, the manufacturing sector, services, and transportation are still associated with the commodity portion of each accounted for 43%, 14% and 8%. Total financing extended Eximbank reached Rp81 trillion per September 2016. As of September 2016, the ratio of non-performing loan (NPL) ratio was down 70 bps to 2.9%. However, the financing being restructured rose to 6.8% from 2.1% last year. On the other hand, despite the trend of the quality of financing deteriorated, Eximbank capital is still strong enough for the core capital of 12.8% and will remain stable in the next 12-18 months in line with the projected moderate growth financing. In addition, Eximbank will also receive capital injections planned in 2017-2018.
*Government Securities market is expected to remain strong. This refers to the rate that high yields moved back down after it was at its highest level at 8.28 percent last week. Director of Indonesia Bond Pricing Agency (IBPA), Rev. Trenggono, said on this week the bond market will still tend to strengthen. On the weekly trend refers to the position of the current yield has dropped from 8.28 percent to 8.18 percent and then down again to a level of 8.16 percent.
*The government plans to change the revenue-sharing scheme with the Cooperation Contract (PSC) is working on the block of oil and gas (oil) with the gross mechanism split. Changes in this scheme is not believed to be detrimental to the country. Deputy Minister of Energy and Mineral Resources Arcandra Tahar believes the scheme will encourage more efficient contractor.
*The Ministry of Public Works and Housing of the People has been carrying out the auction early for work packages for the 3263 budget year 2017. The entire package is valued at Rp20,9 trillion.
*Oil price slipped from gains in trading on Tuesday, in line with reports increase in crude oil production in almost every region of the main exports. WTI oil price in January 2017 contract fell 1% or 0.52 points to US $ 51.27 a barrel at 9:25 pm, after it opened slumped 1.58% or 0.82 points at 50.97 position.
*Crude oil price to penetrate the highest level in four years in line with the weakening ringgit currency and projected production levels are still low. On Tuesday (6/12), the CPO price in February 2017 contract rose 48 points or 1.53% towards 3,183 ringgit (US $ 715.2) per ton.
*The weakening coal prices continued in January contracts at the close of the third day of trading on Monday. On Monday’s trading, the price of coal for the contract in January 2017, the most active contract on the Rotterdam stock exchange, closed down 2.57% or 2 points to US $ 75.95 per metric ton.
*PT Sinar Mas Multifinance plans to issue bonds as much as Rp500 billion. PT Indonesian Central Securities Depository notes, an instrument called Sinar Mas Multifinance Bonds III Year 2016, offers a fixed coupon of 9.5% per year.