JAKARTA - Following some news briefs that may affect market trading:
- The Ministry of Transportation will receive a budget Rp48.7 trillion in 2017, up 22% from the previous year Rp39.9 trillion. DGR receive the largest share to Rp18 trillion, followed by the Directorate General of Sea Transportation (Rp11.7 trillion), Directorate General of Air Transportation (Rp9.3 trillion), and the Directorate General of Land Transport (Rp4.5 trillion).
- Third party funds began to show signs of growth, with the position of Rp4,472 billion, + 6.8% YoY, compared with Jul. 16 Jun. 16 + 5.5% YoY. The net interest margin (NIM) Aug. 16 rose to 5.59% from 5.32% in Jul. 16 amid a slowdown in credit and have not been conducive to the economy.
- PT Bank Central Asia Tbk (BBCA, Rp15,225, NEUTRAL, TP Rp13,000) chose to refer to the matter of internal LTV and LTV unlikely to follow the new rules as the basis for calculating the main to distribute mortgages.
- PT Bank Negara Indonesia Tbk (BBNI, Rp5,825, NEUTRAL, TP of Rp6,000) will focus on the distribution of mortgages, especially for first-hand and second mortgages.
- PT Bank Rakyat Indonesia Tbk (BBRI, Rp11,925, NEUTRAL, TP Rp11,300) targets can manage funds Rp75 trillion of priority customers.
- Members Group Samator namely PT Aneka Gas Industri Tbk reported already set the IPO price of Rp1,100 per share, from the range offered Rp1,000-Rp1,290 at the initial offering period. Determination was made the company gain Rp843.32 billion IPO proceeds.
- PT Greenwood Sejahtera Tbk (GWSA, Rp136) projecting building TCC Batavia Tower 2 Rp1.4 trillion could begin in 2017.
- PT Perdana Gapuraprima Tbk (GPRA, Rp204) get a new credit facility amounting to Rp225 billion from PT Bank Mandiri Tbk (BMRI, Rp11,200).
- PT Provident Agro Tbk (PALM, Rp492) spread interim dividend of Rp299 billion, the equivalent of Rp42 per share. The interim dividend was derived from net income for the 8M16 period.
Source : Mandiri Sekuritas