JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*A total of four corporate bonds listed on the Indonesia Stock Exchange (IDX) today and bringing the total number of bond issuance throughout 2016 touched Rp111,72 trillion. The total emission of bonds and sukuk that have been recorded throughout 2016 was 81 emissions of 53 listed companies worth Rp111,72 Trillion. Based on the announcement of the IDX are Subordinated Bonds of Bank Hana KEB with a value of Rp244 billion and US$47.5 million. Both have a period of 7 years. Secondly, bonds PT Bima Multi Finance amounting to Rp140 billion, Hutama Karya Rp1 trillion and PT Medco Energi International Tbk (MEDC) Rp274 billion in a period of 3 years. Government bond listed on IDX are currently 92 series with total nominal Rp1,767.08 trillion and $1,240 million. EBA emissions as much as 7 trillion worth of Rp3,02.
*PT Krakatau Steel Tbk (KRAS) to spend $200 million in capital expenditure next year to complete several projects including a blast furnace and its second hot strip mill plants up 11 percent from $180 million it estimated to spend this year. President director Sukandar said Krakatau Steel has secured banks loan. The company plans to complete its blast furnace in March and the hotstrip mill in 2019. Krakatu Steel will also acquire 150 hectares of land from around Rp 750 billion in Cilegon, Banten to expand its industrial developer unit Krakatau Industrial Estate Cilegon. The developer now has 350 hectares of land bank and plan to start selling industrial plots in the complex in 2018.
*Stock exchange authorities revoke the suspension of stock trading Plates PT Timah Nusantara Tbk (NIKL, Rp2.050) on the issuer’s shares trading this morning. Suspension imposed since December 15, 2016.
*PT MRT Jakarta continue to boost the development process of the Mass Rapid Transit (MRT) north-south corridor Phase 1 Lebak Bulus-HI Roundabout. According to the plan, this phase can be immediately operational in February 2019 to come. Director of Operations and Maintenance MRT Jakarta Agung Wicaksono said for the first phase, it plans to train as many as 96 or 16 series, where each series consists of 6 keret a. However, of the 16 series of trains are not all going to be operated.
*The movement of coal prices continue strengthening the February contract at the close of trading on Wednesday (21/12), amid reports a decline in production. The coal price for the contract in February 2017, the most active contract on the Rotterdam stock exchange, closed up 0.79% or 0.60 points points to $ 76.65 / metric ton. The coal contract prices in February 2017 extended gains after successfully rebounded 0.66% to 76.05 positions in the previous session.
*The price of WTI oil for February contract closed down 1.52% or 0.81 points to US$52.49 per barrel. European benchmark Brent oil for February 2017 contract finished down sharply by 1.61% or 0.89 points to $54.46 per barrel.