JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*Tiur Rumondang, Director of the Roundtable on Sustainable Palm Oil (RSPO) Indonesia said that in 2016 there were about 1.8 million hectares of land RSPO certified palm oil, or about 12% of the total palm plantation in Indonesia. Based on data from the Ministry of Agriculture, total palm plantation in Indonesia reached 10.8 million ha. Meanwhile, palm oil mills that have received RSPO certification around 174 factories of the group 37 RSPO member companies operating in 2015 Indonesia.Tahun RSPO certified palm land only 1.46 million hectares. RSPO targeting, market uptake Certified Sustainable Palm Oil in Indonesia until 2020 reached 50%.
*The Indonesian government has fixed the export tax on crude palm oil (CPO) at US$18 per metric ton for February 2017 shipments, in line with an increase in the CPOs reference price. The CPOs reference price is now US$815.52 per metric ton. The Ministry of Trades Director General for External Trade, Dody Edward, said in a press statement that his side has raised the exit tax on CPO by $27.26 per metric ton, accounting for a 3.46 percent hike. For the January 2017 period, the CPO reference price was $788.26 per metric ton. In the meantime, the reference price of cocoa beans for February 2017 shipment declined by $131.60 or 5.61 percent from $2,343.97 to $2,212.36 per metric ton. The decline also impacted the export reference price of cocoa beans, which dropped by $128 or 6.2 percent per ton from $2,060 to $1,932 per metric ton for February 2017. The decline in the export reference price of cocoa beans was due to the drop in the price of the commodity in the world market.
However, the exit tax on cocoa beans remained unchanged .
*Director of PT Sarana Multigriya Financial (SMF) Trisnadi Yulrisman said in 2017, the company targets the financing figure of Rp 5.7 trillion, 5.5% higher than that recorded SMF financing realization in 2016 of Rp 5.46 triliun.Potensi financing growth this year according to him would still be open along with perminaan housing market. This year there are four BPD is still in the process to obtain the financing disbursement of SMF As Sulselbar BPD, BPD Sultra, NTT BPD, BPD Jambi and Lampung BPD. Previously, the company has been working with thirteen BPD in the finance portfolio. From finance segment, SMF will also realize the cooperation with Indomobil Multifinance. Having previously SMF also already holding MNC Finance, Finansia Multifinance and Ciptadana Multifinance.
*A subsidiary of PT Toba Bara Sejahtera Tbk (TOBA), PT Toba Sejahtera Development (TPS) planned merger with PT Toba work Sejatera (TKS). According to the prospectus published this weekend convey TKS is a company owned 99% owned by TPS. This is done so that the company’s management more effective and efficient. The plan merger effective date March 1, 2017. In accordance with the merger plan TKS all shareholders will receive new shares in the 9208 TPS. The conversion ratio of 0.92 shares for each share TPS TKS.
*Analysts suspect the range of movement WTI oil will remain consolidation tends to decrease in this week. According to Bloomberg, the price of WTI oil contract in March 2017 delivery on the New York Mercantile Exchange eroded by 1.13% to US$53.17 per barrel compared to the previous day. Last week was the price of WTI oil slipped 0.09% .Deddy Yusuf Siregar, Research and Analyst PT Asia Tradepoint Futures said other factors are still weighing on WTI oil price hike is a report of active rigs drilling for oil in the US that still continues. Baker Hughes Inc. reports record last week of active drilling rigs in US oil rose 15 units to 566 units compared to the previous week. This has an impact on the rise in US crude oil production to reach its highest level since April 2016 last. Energy Information Administration (EIA) reported that US oil production rose by 17,000 barrels per day to 8.96 million barrels. According to him, if the price of WTI oil has not been able to break the resistance of $55.22 per barrel, the price will continue to move stagnant tend correction. Deddy expect prices to a limited potential to rise today.
*Indonesia is building 17,323 fishing boats to increase the capacity of national fisheries production. A total of 4,787 when the dead weight of less than 30 gross tonnage (GT) is a government aid ship built by the Ministry of Maritime Affairs and Fisheries and 12,536 ships over 30 GT provided by the national private sector.
*Exports of textiles and textile products (TPT) Indonesia to the United States is expected to reach US$4.8 billion (Rp64 trillion) in 2017. This figure is contributing 39% of total national textile exports, up 2% -3% from last year 36%.
*PT Atlas Resources Tbk (ARII, Rp486) targeting the supply of coal power plants. ARII plans to produce 3 million tons of coal in 2017, which is three times more than last year’s actual production of 800,000 tons of coal. ARII will divide the concentration of the power plant by power plant Sumsel X in Bengkulu.
*The joint venture company PT Krakatau Steel Tbk (KRAS, Rp730) and the Japanese Osaka Steel is targeting production of 200,000 tons of installed capacity of 500,000 tonnes per year with a portion of the reinforcing steel by 60% and 40% steel elbow sebanya.
*PT Matahari Putra Prima Tbk (MPPA, Rp1.245, NEUTRAL, TP Rp1.900) started the expansion of its business in 2017 by opening Foodmart Fresh. Business MPPA is a multi-format retailing Modern operate Hypermart, SmartClub, Foodmart, Boston Health & Beauty and FMX. Inauguration outlets located at Intermark PT Bumi Serpong Damai Tbk (BSDE, Rp1.865, BUY, TP Rp2.570), Tangerang, was conducted last week.