JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*Chinese company Xiaomi phone, preparing to launch 4G mobile phones prime made in Indonesia. Through its partners in Indonesia, PT Erajaya Swasembada Tbk (ERAA), Xiaomi assemble the phone at the factory owned by PT Sat Nusapersada Tbk (PTSN) in Batam. At the beginning of production, PTSN Xiaomi will produce 50,000 units per month by using a two-line production. PTSN allocate three production lines with the ability to make 60,000 units. The maximum production capacity of the three production lines to reach 100,000 units per month.
*PT Dharma Satya Nusantara Tbk (DSNG) prepared capital expenditure of US$60 million for expansion plan in the form of strategic alliances and acquisitions of third parties. Last December, DSNG has spent $15 million to take 15% stake in REA East Kalimantan. Based on the agreement, DSNG also still have the option to add ownership to 49% in stages over five years. REA Kaltim has a concession area of 70,584 hectares. Meanwhile, DSNG has an area of more than 90,000 ha planted spread across the island of Borneo, 30% of whom are smallholdings. DSNG CPO sales volume last year reached 348,391 tonnes, down 15% year on year.
*The Central Bureau of Statistics released Business Tendency Index (ITB) figures in the fourth quarter 2016 amounted to 106.7. Figures showed that business conditions improved from the previous quarter, but on the side of optimism of the business tend to be lower than the third quarter of 2016 amounted to 107.89.
*The value of credit card transactions increased slightly in 2016. Bank Indonesia (BI) said credit card companies recorded a rise in business at the end of 2016 by + 3.22% as compared to 17.4 million cards at the end of 2016, some 16.86 million cards. The volume of credit card transactions was also up 8.54% to 305.05 million in 2016. The value of credit card transactions was only up 0.35% to Rp281,02 trillion at the end of 2016. While, electronic money grew two digits of the card number, the volume of transactions and value of transactions. The amount of electronic money at the end of 2016 grew 49.22% to 51.2 million compared to last year’s 34.31 million the previous number.
*PT Tanjung Power Indonesia, a joint venture company PT Adaro Power, a subsidiary of PT Adaro Energy Tbk (ADRO, Rp1,740, SELL, TP 1,200) and PT EWP Indonesia, secured financing commitments of US$422 million, or about Rp5.4 trillion.TPI obtaining financing from six banks, namely Korea Development Bank (KDB), Bank of Tokyo, DBS, Mizuho, Sumitomo, and HSBC to project Tabalong 2 x 100 MW in South Kalimantan. Tabalong power plant 2 x 100 MW scheduled to be completed and operational in the first quarter 2019 and is currently a process that has been realized is 40% and has issued $130 million.
*PT Elnusa Tbk (ELSA, Rp428) often participate in a tender abroad. Pertamina’s subsidiary has been doing contract construction contractor for the oil and gas projects abroad such as in India, Algeria and Brunei. The company already has plans to participate in tenders, especially in regional areas, such as Southeast Asia. This year, ELSA has allocated capital expenditure of approximately US$60 million for seismic business development, industrial ships and flare gas. Currently the majority of revenue ELSA sustained oil and gas logistics services.
*PT Berau Coal Energy Tbk (BRAU, Rp82) targets the 33.5 million tons of coal production increased compared to the last year’s production which only produces 26 million tons of coal. 28.85% rise in production due to stabilizing and improving coal prices since the fourth quarter of last year. Thus, the three mines Lati, Binungan, and Sambarata, to full production and on target.
*EGM PT Bank Dinar Indonesia Tbk (DNAR, Rp342) approved the sale of shares to APRO. The EGM held with the agenda the approval of the sale of 77.38% stake to South Korean investors, APRO Financial Co Ltd. on Monday, February 6, 2017. The hope, the combined bank will open six branches each year. In addition this will increase the bank’s consumer business, commercial and finance as well as the merged bank could increase to BOOK II or have core capital above Rp5 trillion.