Arsip: July 2018

Barito Pacific, Tbk (BRPT:IJ) recorded USD697Mn in 1Q18 revenue from previously at USD635Mn in 1Q17. This is dominated by petrochemical stream that contributed to USD691.3Mn, followed by tank and dock leasing amounting to USD3.98Mn property leasing amounting to USD1.21Mn and wood industry amounting to USD1.05Mn. Barito Pacific Seeks USD1Bn Fund from Right Issue Petrochemical Business.

Gajah Tunggal, Tbk (GJTL:IJ) acquired 92.9% shares of Filamendo Sakti (nylon filament 6 producer which is the main raw material of nylon tire fabric 6) from Polychem Indonesia, Tbk (ADMG:IJ) which is worth IDR4.55Bn to ensure supply, quality and lower production costs to continue the upstream vertical integration of the production chain. Gajah Tunggal Plans.

Bank Central Asia, Tbk (BBCA:IJ) booked 10%-12% YoY loan growth in 1H18, mainly supported by financial and infrastructure sectors. Moreover, the company also plans to acquire small banks which will be announced in the next three months and has allocated IDR4.5Trn for additional capital needs in its subsidiary. Bank BCA Prepare Fund IDR200Bn for Venture.

Bank OCBC NISP, Tbk (NISP:IJ) plans to issue its third self-registration bonds phase 1 of IDR1Trn that comes with 3 series, they are: Series A totaling IDR655Bn with 370-days maturity and 6.75% coupon rate, Series B totaling IDR3Bn with 2-years maturity and 7.25% coupon rate, and Series C totaling IDR342Bn with 3-years maturity and 7.75%.

Arpeni Pratama Ocean Line, Tbk (APOL:IJ) plans to restructure its debt of USD400Bn that is harming the company’s net profit, stated the management who emphasized its concern on rupiah depreciation against US dollar and the high interest rate from the debt. The company has been in the restructuring progress since 2015 and plans to complete.

After signing a conditional purchase agreement with Pertamina on June 29 to take over Pertamina Gas (Pertagas), Perusahaan Gas Negara, Tbk (PGAS:IJ) finally announced to buy 51% stake, or equal to 2.6Mn shares of Pertagas from Pertamina for IDR16.6Trn, equal to 38.5% of Perusahaan Gas Negara’s equity. As this acquisition value is below 50% of Perusahaan.

PP Properti, Tbk (PPRO:IJ) has booked IDR2.1Trn in marketing sales for 1H18, equals to 55% of its FY18 target of IDR3.8Trn. The management stated that these sales majorly come from bulk sales, one of which was by Arvada Investama that bought 3 apartment towers valuing IDR2.1Trn on earlier this May. Furthermore, the company plans to.

Sariguna Primatirta, Tbk (CLEO:IJ) is going to conduct stock split with 1:5 ratio, effective on July 3 2018. Meaning, the company now has 11Bn shares from previously 2.2Bn shares and the share will now be traded from IDR244 per share from previously closed at IDR1,220 per share in Monday 2 July 2018. Sariguna Primatirta Net.

Mitra Pinasthika Mustika, Tbk (MPMX:IJ) has completed 100% divestment for its lubricant business, Federal Karyatama, to Esso Petroleum Company Limited and Exxon Mobil UK Limited. The value of this divestment reaches USD436Mn. After this divestment, the company would still be cooperating with Federal Karyatama through its subsidiary as its main business partner. Other than that,.

Multipolar, Tbk (MLPL:IJ) is planning to issue 4.57Bn new shares in right issue at IDR110/share. From this rights issue action, existing shareholders will get five new shares for every 11 shares held. About 82% of the proceeds will be used to maintain ownership in Matahari Putra Prima, Tbk (MPPA:IJ), 13% for investment in Matahari Putra.