JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*The first phase of construction ofProject Light Rapid Transportation (LRT) Jabodetabek built by PT Adhi Karya Tbk (ADHI, Rp2.220, NEUTRAL, TP Rp2.020) have been spent Rp2 trillion of fund. This year the government has agreed to issue Rp1 trillion for the funds for the project.
*The government is preparing a Draft Government Regulation of the Fourth Amendment of Government Regulation No.23 / 2010 on the Implementation of Mineral and Coal Mining. The PP has been signed by the Coordinating Minister for Maritime Luhut Binsar Panjaitan. The government’s policy that requires processing and refining of mining products before they are exported to encourage the inflow of foreign investment in the smelter industry amounted to Rp20 trillion, said Director General of Metal, Machinery, Transportation Equipment, and Electronic Engineers (ILMATE) IG Putu Suryawiran.
*Financial Services Authority and the Task Force on Legal Actions Against Alleged Management in Public Sector Fund Raising and Investment Management (Task Force Investment Alert) closes 6 business investments that do not have the permission of any authority. Therefore, the offer of 6 companies have the potential to harm the public. The six companies are:
1. Compact PT Sejahtera Group, Compact500 or Koperasi Bintang Sejahtera Abadi or ILC
2. PT Inti Continent Indonesia
3. PT Inlife Indonesia
4. Cooperative Bermuda Triangle / Profitwin77
5. PT Cipta Multi Business Group
6. PT Mi One Global Indonesia. (Detik.com)
*Establishment of holding the State Owned Enterprises will run as soon as the legal umbrella of the policy is officially enacted. Legal umbrella of the state-owned holding policy is Government Regulation 72/2016 on the Amendment of Government Regulation No.44 / 2005. The most significant changes seen in the addition of an extra chapter of the section 2A which outlines the detailed procedures of SOE assets transition to another state in the event of the merger of several state-owned enterprises into a single state-owned holding.
*The Ministry of Public Works and Public Housing (PUPR) through the Directorate General of Housing Finance to prepare a budget for the Subsidy Assistance Payment (SBUM) in 2017 amounted to 2.2 trillion. The subsidy fund to help finance housing for at least 550 thousand housing units MBR.
*PT Wijaya Karya Tbk (WIKA, Rp2.480, BUY, TP Rp3.000) emphasized his plans to bring its two subsidiaries listing on the stock market in this year. Both its subsidiary PT Wika Building and PT Wika Realty. WIKA will sell a 30% stake in the capital market. With so is expected to reap the proceeds amounting to Rp3.5 trillion. As for Wika Realty will also be released 30% of its shares with the estimated proceeds of approximately Rp4-4,5 trillion. The fund will be used to finance the projects of both companies not to pay the debt.
*WIKA get a flat development projects (towers) in Dubai. The construction of one of the state also plans to bring up to 1,000 Indonesian workers there. The project is predicted to be worth Rp2 trillion. For the first stage if the rupiah exchange rate to approximately Rp180 billion to Rp200 billion.
*After going through a rigorous negotiations, the Toll Road Regulatory Agency (BUJT) set a consortium of PT Wijaya Karya Tbk (WIKA, Rp2.480, BUY, TP Rp3.000) as a toll road project winner of Panimbang-Serang toll road project in Banten province with a concession period of 40 years. This project has an investment value Rp10,84 trillion, which is divided into two portions namely development by governments and BUJT.
*PT Ciputra Development Tbk (CTRA, Rp1.275, BUY, TP Rp1,600) today announced the purchase price of shares under 1 lot = 100 pieces (odd lot) at Rp1.350 per share. The purchase was related to the merger CTRA with PT Ciputra Surya Tbk (CTRS) and PT Ciputra Property Tbk (CTRP). Payment of the purchase of odd lot shares carried out on 26 Jan17.
*PT Permodalan Nasional Madani (PNM) launched a medium-term debt securities alias medium term notes (MTN) of Rp 50 billion on January 10, 2017. The instrument called MTN PT PNM (Persero) XIII of the 2017 Series A fixed Coupon 11.25% pa year.
*Indonesia Stock Exchange insert movement of shares of PT Bank Ina Perdana Tbk (BINA, Rp488) in a category outside the box (UMA) today. Stock exchange authorities urge investors to pay attention to information disclosure.
*Moody’s Investors Service said Liquidity Stress Index (LSI) fell to 30.3% in Dec16 from 31.1% in Nov16. Although improved in Dec16, LSI Asia still remains above the long term average of 22.6%, examine the condition of the continued weakness of the corporate liquidity in Asia.
*PT Unilever Indonesia Tbk (UNVR, Rp39.975, NEUTRAL, Rp41.900) prepared a capital expenditure this year 115 million euros (equivalent to Rp1.6 trillion). The capital expenditure budget will be used for capacity production expansion and new product innovation.