JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*Cement consumption is predicted to increase to 84.96 million tons in 2017 due to the construction of infrastructure that is being aggressively implemented by the government, said Director General of Chemical Industry, Textile and Miscellaneous (IKTA) Kemenperin Achmad Sigit Dwiwahjono. According to him, in addition to government projects, rampant construction of housing and the property is also a factor increasing the demand for cement.
*Finance Minister to hold an auction of five series of state Islamic securities (SBSN) or sukuk on Tuesday, January 10, 2017 with the issuance target of Rp 6 trillion. According to official information of the Directorate General of Management of Financing and Risk Finance Ministry, dikemukanan that the five series of bonds auctioned al series SPN-S 11072017 (New Issuance), PBS011 (reopening), PBS012 (reopening), PBS013 (reopening), and PBS0124 (reopening).
*PT Bumi Serpong Damai Tbk (BSDE, Rp1.795, BUY, TP Rp2.570) has used all the proceeds from the bond issuance II Phase I in 2016 as Rp639,6 billion. Hermawan Wijaya, Director of BSD, said the publication of the first phase of the company earned as much as 650 billion in fresh funds. After deducting the issuance expenses, stock issuers coded BSDE it pocketed Rp639,6 billion.
*PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM, Rp615, NEUTRAL, TP 550) during 2016 managed to earn a net profit of Rp1.03 trillion. The data are based on the company’s financial report fiscal year 2016 have been audited. Director of Bank Jatim Soeroso said net profit increased 16.25% compared says net income of the previous year.
*To increase the added value of the asset, PT Angkasa Pura I synergies with PT PP Tbk (PTPP, Rp3,750, BUY, TP Rp4.700). This synergy step by signing the memorandum of understanding, which includes the study plan development, construction, and management of Angkasa Pura Airport land that still have value added.
*PT Bank Ina Perdana Tbk (BINA, Rp340) will conduct a limited public offering II with the mechanism of Pre-emptive Rights or rights issue. The Company will sell as many as 2.92 billion shares with a nominal value of Rp100. Company reveals, the number of the issued shares of 51.81% of the total shares issued and fully paid. Bank Ina establishes the rights issue price of Rp 240 per share, so the total funds scooped from the rights issue proceeds of Rp 703.05 billion.
*Post acquired a Malaysian company, PT Eagle High Plantations Tbk (BWPT, Rp290) are more optimistic in the face of business this year. In addition to getting great financial support as well as the production of fresh fruit bunches (FFB) of oil palm issuers is believed to increase as the waning effects of El Nino.