JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*In order for the task of the government, Perum Bulog prepared fund of Rp 27.8 trillion, consisting of Rp 23.45 trillion for the procurement of public service obligation’s rice and Rp 4.42 trillion for the procurement of commercial rice. In addition, Bulog also prepare for the procurement of sugar amounted to 8.45 trillion to 818.590 tons and budgeted Rp 2.67 trillion to absorb 900,000 tons of corn. For the procurement of soy from overseas, Bulog prepare a budget of Rp 2.80 billion to bring in 500 tons of soybeans, Rp 11.25 billion to absorb as much as 500 tons the onion, Rp 525 billion to absorb the cooking oil and Rp 3.58 for 70,000 tons of meat. To support its work, Bulog also cooperates with other state-owned enterprises such as PT Pertani to distribute sugar and Indonesian Meat Distributors Association. In 2017, Bulog would build 23 units barns in a number of locations with a budget of Rp 133 billion.
*Indonesian Retailers Association (APRINDO) targets retail sales this year to grow 10 & -12%. The target is set based on the assumption of annual economic growth of 5.4% and inflation of 3.3%. Some issuers who do business retail industry is PT Ace Hardware Indonesia (ACES, Rp750, NEUTRAL, TP Rp970), PT Erajaya Swasembada Tbk (ERAA, Rp620), PT Matahari Department Store Tbk (LPPF, Rp15.125, BUY, TP Rp19. 200), PT Mitra Adiperkasa Tbk (MAPI, Rp5.200, BUY, TP Rp6.400), and PT Matahari Putra Prima Tbk (MPPA, Rp1.220, NEUTRAL, TP Rp1.900). Another company is PT Ramayana Lestari Sentosa Tbk (RALS, Rp1.375, NEUTRAL, TP Rp1.180), PT Tiphone Mobile Indonesia Tbk (TELE, Rp845).
*Indonesia Stock Exchange to enter the stock movement PT Darma Henwa Tbk (DEWA, Rp84) and PT Limas Indonesia Makmur Tbk (LMAS, 85) in a category outside the box (UMA) today. Stock exchange authorities urge investors to pay attention to information disclosure.
*PT Bumi Resources Tbk (BUMI, Rp478) will reduce the debt of Rp54 trillion to Rp20 trillion. Way through the conversion of debt of US $ 2 billion into shares with a value Rp926,16 a shares and to issue Mandatory Convertible Bond was 7 years old, worth US $ 639 million. This year, BUMI will increase coal sales by 7% to 94 million tons with a sales price that is expected to have risen 30%.
*PT Pertamina International Exploration and Production (PIEP), a subsidiary of PT Pertamina upstream control of 64.46% of the shares and 63.35% of the voting rights in the company of French origin that Maurel & Prom. PIEP which manages oil and gas assets overseas companies have conducted a tender offer for the shares Meurel & Prom at the first stage.
*Financial Services Authority (FSA) noted there are 16 finance companies (multi-) which has a core capital under Rp40 billion. Whereas before the end of 2016, the entire finance company must have a minimum capital of Rp40 billion and gradually reached Rp100 billion.
*PT Adaro Energy Tbk (ADRO, Rp1.725, SELL, TP 1,200) through its subsidiary, PT Adaro Power aiming for three tenders power plant with a total capacity of 1,150 megawatts (MW) this year. The total investment of these projects amounted to US$1.38 billion to $1.72 billion.
*PT Bank Tabungan Negara Tbk (BBTN, Rp1.905, BUY, TP Rp2.350) immediately implement the securitization of mortgage loans (mortgage) of conventional and Islamic Rp2 trillion in 2017. The asset securitization issuance of asset-backed securities in the form of participation letters ( EBA-SP).
*Shares of PT Logindo Samudramakmur Tbk (LEAD, Rp119) is said to be hunted market participants with a target price of Rp175. Contract gross split, said to be fresh for the company’s angina due to gas reserves in Indonesia is still very large. The Company expected to be ready expansion into the transport of liquefied natural gas, as well as going to a long term contract is a positive sentiment.
*PT Krakatau Steel Tbk (KRAS, Rp735) will have a waste processing plant grinding into cement or blast furnace known as slag cement. Joined with PT Semen Indonesia Tbk (SMGR, Rp8.775) are both building a slag cement plant with an investment of Rp451 billion.