JAKARTA (TheInsiderStories) - Here’s several news could affect stock market condition compiled by our team :
*A total of nine companies initiated the construction of 17 new toll roads that proposal has been submitted to the Toll Road Regulatory Agency (BUJT), said the head Herry Trisaputra Zuna. PT Waskita Toll Road initiated the construction of five roads, PT Jasa Marga Tbk (JSMR) 3 sections, PT Citra Marga Nusaphala Persada Tbk (CMNP) 2 segment, PT Triputra Utama Selaras 2 segment,PT PP Tbk (PTPP), PT Waskita Wira Bumi, PT Duta Graha Karya, PT Delta Mega Persada, and UEM & PT Mulya Southwestern Turangga each 1 segment. Of the 17 segments initiated by BUJT, two of which have been carried out to determine the winner of the auction, the Jakarta-Cikampek II and Krian-Legundi-Bunder-Manyar so that the remaining 15 roads that will be auctioned. Herry explained, at least there will be four segments that could potentially gain approval for further action through the auction this year, the Jakarta-Cikampek II South Side, Semanan-Balaraja, Kamal-Teluk Naga-Balaraja, and Bojong Gede -Selabenda-Caringin. He also encourage further collaboration between the property developer and toll road business entities to create traffic growth and increase the potential feasibility of toll roads. Because there is a property developer who initiated the construction of the motorway by forming joint ventures.
*PT Wijaya Karya Tbk (WIKA) is exploring a plan to issue bonds. Corporate secretary Suradi Wongso said, WIKA is targeting to issue up to Rp5 trillion of bonds with tenor 5-10 years. WIKA will use these funds to cover this year capital expenditure with worth Rp12.02 trillion. This year, WIKA hoping to pocket the sales of Rp25.7 trillion. This projection is an increase of 32.8% compared with last year’s target. WIKA also targeting a profit of Rp1.2 trillion in 2017.
*Financial Services Authority (FSA) impose a relaxation of the rules limited participation (RDPT), fund management contract (KPD) and other investment products. Muliaman Hadad, Chairman of the FSA’s board said it would immediately impose a relaxation of the rules RDPT, KPD and other investment products in order to support the policy of tax amnesty. This policy will lead to the addition of investment products in the capital market more diverse this year. As for the other facilities that the rules agent brokerage and related regulations of Securities Mutual Fund Sales outlets will begin to be used by financial services institutions and a mini market in the area. This is in order to market the mutual fund securities in various parts which have not been reached by the securities company.
*The Deposit Insurance Agency (LPS) estimated deterioration in loan interest rates in 2017 will not be as tight as in 2016 ago. Why interest rates on deposits in 2017 will be flat even predicted the trend is going up. Head of Group Risk Economy and Financial System LPS, Arifianto Dody said the potential of rising interest rates on bank deposits in 2017 is due to the effect of the rise of the Fed benchmark interest and the liquidity conditions tightened. Dody estimates, the deposit rate will be increased by about 10 basis points per quarter to attract funds amid liquidity risk in 2017.
*PT Griyainsani Cakrasadaya increased its interest in PT Mitra Keluarga Karyasehat Tbk (MICA, Rp2.520, BUY, TP Rp3.070) as much as4.03 billion shares or 27.7% of total shares on Dec. 27, 2016. )
*PT Garuda Indonesia Tbk (GIAA, Rp342) has provided credit facilities to the business entity engaged in the service provider of information and technology for transportation and travel industry, PT Aero Systems Indonesia (Asystsenilai USD4 million. This information is conveyed the company in a press release in Jakarta .
*Salim Group bought 29.02% stake in Bank Ina through NS Financial Fund by 10.58% and through NS Fnancial Asean Fund amounted to 18.44%.