JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*Non-cash transactions through financial services in the form of a new pattern of financial technologies (fintech) in Indonesia during 2016 worth US$15.02 billion, said manager Fintech Office Ayu Kusuma Kinanti Bank Indonesia. Majority transaction occurred in Java, coming from 142 fintech companies which is 78% are new fintech industry founded in 2015 and 22% start-up has established in 2013 and 2014. Indonesia with a population of around 250 million, there are only 60% of people who use bank services both to save money and transact. According to her, 40% is to be targeted by the fintech company.
*Indonesia plans to export rice, after national production reached 79.17 million tons in 2016, which is above the target set at 72 million tons, agriculture minister Andi Amran Sulaiman said. He said Indonesia has already exported organic rice to five countries, including Belgium. He noted that Indonesia actually gained Rp10 trillion in 2016 by not importing rice during the period. He stated that with national production increasing to 79.17 million tons and selling price of unhulled rice at around Rp4 thousand per kilogram, farmers income could rise to Rp51.36 trillion.
*Indonesia Stock Exchange (IDX) insert movement of shares of PT Bakrieland Development Tbk (ELTY, Rp97) and PT Primarindo Asia Infrastructure Tbk (BIMA, Rp116) to category out of habit (UMA) today. Stock exchange authorities urge investors to pay attention to information disclosure. At the same time, IDX announced that the temporary suspension of trading on the shares of PT Trada Maritime Tbk (TRAM, Rp386) has reopen in the Regular Market and Cash Market from the first session of trading today, Feb. 9.
*PT Red Planet Indonesia Tbk (PSKT, Rp137) target funds Rp408,9 billion. Plans rights issue will be held on February 20, 2017 to offer 4 billion new shares, or approximately 37.50% of the paid-in capital with a nominal value of Rp100 per share. The results of the rights issue will be used to pay off debts of all subsidiaries, the development of new projects in Greater Jakarta and working capital.
*PT Sri Rejeki Isman Tbk (Sritex, SRIL, Rp252) targeting net profit grew 10% in 2017. Meanwhile, net income in 2016 is expected to be approximately US$60 million. For this year, SRIL plans to spend approximately $15 million, but the issuer will not be working on a new market that will continue to focus on existing customers.
*PT Bank Tabungan Negara Tbk (BBTN, Rp1.915, BUY, TP Rp2.350) together with the National Housing Development Public Company poured funds around Rp300 billion for the construction of houses under Rp75 million. The house is provided for the non fixed income.
*Collaboration of three parties - the telecommunications industry, banking industry, and device providers needed to capture the potential of digital-based economy which predicted gross domestic product accounted for US$155 billion in 2025. President Director of PT Telekomunikasi Seluler Ririek Adriansyah said, mobile industry player can’t rely on the revenue from traditional business within the next 10 years to captur this businesses.
*PT Jasa Marga Tbk (JSMR, Rp4.380, BUY, TP Rp5.175) target to reach 3 trillion of securitized future revenue from toll roads owned corporation country’s infrastructure. When running smoothly, securitization packaged into products Collective Investment Contract Asset Backed Securities that will be launched in 2017.
* Modes of transport automated people mover system or SKY TRAIN at Soekarno - Hatta will operate in June 2017. For the construction of infrastructure such as lines and terminals, PT Angkasa Pura II disburse funds amounting to Rp420 billion, in which the work was carried out by PT Wijaya Karya Tbk (WIKA) and PT Indulexco through joint operations.
*PT Aneka Tambang Tbk (ANTM, Rp805, NEUTRAL, TP 500) with PT Smelting and PT Freeport Indonesia signed a memorandum of understanding, or MoU supply of waste in the form Lumpur anodes produced from the copper smelter. anode slime will be processed in a processing plant and refinery or precious metal refinery to be built by ANTM.