JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*PT Medco Energi International Tbk (MEDC), through its subsidiary Medco Natuna Pte Ltd, received a loan facility of US$230 million from PT Bank Mandiri Tbk (BMRI). Last year, Medco Natuna has recently completed the acquisition of ConocoPhillips Indonesia Inc. Ltd. (CIL) and ConocoPhillips Singapore Operations Pte Ltd (CSop), both are subsidiaries of ConocoPhillips with total value $239 million. CIL is the beneficial owner of 40% participation of South Natuna Sea Block B (SNSB). The CSop is a company that operates an onshore receiving facility in the region of Singapore. On 19 September 2016, Medco Natuna signed a bridge facility agreement with ANZ Group Ltd for $190 million. Later the company also signed a loan agreement with Medco intercompany South China Sea Pte Ltd, with a value of $51.5 million loan, for the purposes of business development and investment strategies Medco Natuna. This year, Medco allocated a capital expenditure of $150 million to $180 million. These capital expenditures are used to maintain and develop the production of existing oil and gas blocks.
*Financial Services Authority (FSA) encourages banks to open digital branch offices by issued rules and guidance regarding the digital branch office form of letter No. S-98 / PB.1 / 2016 on Dec. 21, 2016. Deputy Commissioner of Banking Supervision I FSA Mulya E Siregar, digital branch office is an office or bank unit specialized in providing and serving digital banking transactions. According to him, digital branch office is divided into three sub-branches digital, digital cash office and digital outlets. FSA noted in 2016, electronic banking users increased threefold to 50.4 million users. Meanwhile, the total number of electronic banking transactions at this time no less than 400 million transactions.
*Indonesia has been expressing interest in opening a live cattle export trade with various South American countries for more than a decade to lower domestic beef prices. Trade Minister Enggartiasto Lukit spoke of his willingness to open the trade from South American countries. Brazil, Uruguay and Colombia is reported will visit Indonesia in March to negotiate potential import numbers and prices.
*PT Express Trasindo Tbk (TAXI) are planning buying minimum of 1,000 new cars this year to maintain the total number of about 10,000 units of vehicles taxi as it today. The company will also strengthen business cooperation with Indonesian Uber, which existed since the end of December last year. Express Transindo confident, strategic partnership with Uber can retract partners taxi drivers who’ve resigned because of pressure of competition taxi online. The company also hopes that the cooperation with Uber could improve services to businesses and consumers.
*The Corruption Eradication Commission (KPK) establishes a former Director of PT Garuda Indonesia Tbk (GIAA, Rp348) Satar as a suspect in the bribery case of purchase of aircraft engines from Rolls Royce of England.
*PT Bank Rakyat Indonesia Tbk (BBRI, Rp12.000, BUY, TP Rp13.800) recorded the realization of credit (KUR) of Rp69,4 trillion, or about 91.1% of total KUR government during 2016. The BBRI claimed that this was evidence of commitment and consistency BRI to work on the SME sector.
*The government offered an opportunity for mining companies to export crude nickel with a grade of 1.7%. Previous nickel grading 1.7% nickel banned exports because they must be absorbed by the domestic industry. Issuers that do business commodity type of nickel is PT Aneka Tambang Tbk (ANTM, Rp905, NEUTRAL, TP 500), PT Vale Indonesia Tbk (INCO, Rp2.400), PT Intraco Penta Tbk (INTA, Rp338), PT Timah Tbk (TINS , Rp1,100), PT Lautan Luas Tbk (LTLS, Rp402), Plates PT Timah Nusantara Tbk (NIKL, Rp3,000).
*PT Indocement Tunggal Tbk (INTP, Rp14.925, NEUTRAL, TP Rp14.400) formed a company engaged in the marketing of cement and building materials retail, PT Perkasa Abadi Tiro. Oey Marcos, spokesman for the cement producer, said the company’s ownership interest in a subsidiary is indirect.
*PT Aneka Tambang Tbk (ANTM, 900, NEUTRAL, TP 500) will increase sales of key commodities ferronickel and gold in 2017. In addition, ANTM also efficiency and innovation to face the challenges of 2017. The Company targets production and sales volume amounting to 24,100 tonnes of nickel in ferronickel (tonnes). As for gold, the company is targeting production reached 2,270 kilograms, with sales reaching 11.4 tons.