JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*Financial Service Authority (FSA) said seven companies are ready to obtain fresh funds by conducting initial public offering (IPO), as well as issuing rights or obligations in 2017. Three companies will conduct the IPO such as PT Anugerah Berkah Madani (25%), PT Forzaland (20%) and PT Bintraco Dharma (20%). Beside that, three companies are planning to issue rights, namely PT Bank Ina Perdana Tbk (BINA), PT Red Planet Indonesia Tbk (PSKT), and PT Buana Listya Tama (BULL) to collect as much as Rp 1.35 trillion funds. FSA also record a plan of PT Mayora Indah Tbk (MYOR) for issuing a worth of Rp 1 trillion bonds. In 2016, Indonesia Stock Exchange could only engage 16 new issuers with the total issues of Rp 12.11 trillion and optimistic to have 30 new issuers in 2017.
*Financial Services Authority predicts the growth of bank credit in 2017 amounted to 13.25%, with a projected total loans amounting to Rp4,995 trillion driven by the success of the tax amnesty program aka tax amnesty. Based on tax office data, government has collected the repatriation funds Rp165 trillion as of Dec. 31, 2016.
*Financial Services Authority plans to regulate the issuance of Medium Term Notes (MTN) in the process of issuance of debt securities or bonds. Chief Executive of the FSA Capital Market Supervisory Nurhaida say, in accordance with Law No. 8 of 1995 on the Capital Market, the regulator does not need to set the MTN issuance.
*PT Pertamina EP commenced drilling in 2017 two wells in Muaro Puspa Jambi and Ogan Ilir, South Sumatra Province. Director of Pertamina EP Nana Abdul Manaf, said this year it plans to drill seven well in Sumatra, Java and in Kalimantan. In 2016, has completed drilling of five wells. The government set a target of lifting oil by 825,000 barrels per day (bpd) in the Stated budget revenue and expenditure (APBN) 2017. Based on data from Special Unit of Upstream Oil and Gas (SKK Migas), some contractors raise the lifting in 2017. Chevron Pacific Indonesia rose from 228 908 bpd to 233 908 bpd, Pertamina EP from 84,214 bpd to 86,214 bpd, Total E & P Indonesie rose 3,000 bpd to 55,852 bpd, ConocoPhillips from 17,400 bpd to 18,400 bpd and other contractors from 115,997 bpd to 117,997 bpd. To achieve this target, it plans to conduct a number of activities this year as drilling 54 development wells, re-work as many as 186 wells, well intervention 731 activity and 2,899 well maintenance activities.
*Oil prices are on track in the largest annual increase since 2009, Friday (30/12). Before the production cut OPEC and non-OPEC oil next month to stabilize the market and reduce the global supply. West Texas Intermediate (WTI) for February delivery was at US$53.94 per barrel on the New York Mercantile Exchange, up 17 cents. WTI oil fell 29 cents to US $ 53.77 on Thursday. WTI oil prices rose 9.1% this month and about 46% this year.
*PT Sekar Bumi Tbk (SKBM, Rp640) will conduct a public offering of new shares (rights issue) for investment by giving rights issue. SKBM will be issued a total of 789.4 million new shares, equivalent to 45.74% of the issued and fully paid once this process is complete. With the par of each share is set at Rp 100.
*Indonesia Stock Exchange declared shares of PT Bank CIMB Niaga Tbk (BNGA, Rp845, BUY, TP Rp1.190) put back in the calculation of calculating price index (JCI), the main board index, and the index of the financial sector (sector 8). BNGA into the components of these indices will be effective starting Jan. 3.
*Indonesia Stock Exchange insert movement of shares of PT First Media Tbk (KBLV, Rp1.215) in a category outside the box (UMA) today. Stock exchange authorities urge investors to pay attention to information disclosure.