JAKARTA - Followings are some market news briefs for today:
- State port operator Pelindo II targets revenues to reach Rp10.5 trillion this year. In 2016, the company moved 6.08 million TEUs at the port, up from 5.9 million TEUs in 2015. (Okezone.com)
- PT Humpuss Intermoda Transportasi Tbk (HITS) recorded net profit of USD3.13 million in 2016, up 42.22% from previous year of USD2.20 million. Its revenues reached USD42.31 million, up from USD38.10 million previous year. (okezone.com)
- Indonesia’s GDP is projected to grow by above 5% in 2017, as domestic potentials are likely to be optimized this year, Finance Minister Sri Mulyani Indrawati has said. The growth will be supported by stability of fiscal management that will help boost investors confidence. Last year, the government cut spending in order to maintain fiscal stability, which will not be done this year. (okezone.com)
- PT Surya Esa Perkasa Tbk (ESSA) sets aside USD500 million capital expenditure this year, portion of which will be used to build amonia plant in Banggai, Central Sulawesi. Portion of the funding will come from internal cash amounting to USD300 million and the remaining will come from IFC and international multilateral agencies.
- PT Bank Pembangunan Jawa Timur Tbk (BJTM) plans to distribute cash dividend of Rp43.64 per share in 2016, the company said in a statement.
- MNC Group plans to enlarge its banking business. To attain the target, the company will make some acquisitions in the financial sector. Chairman and CEO of MNC Group Hary Tanoesoedibjo said the group is ready to acquire other banks’ shares. The target banks will be integrated with MNC Bank. He added the business venture with Trump Group, owned by US President Trump will go go ahead as planned. There has been nothing changed after Donald Trump is elected as US President. (*)