Barito Pacific, Tbk (BRPT:IJ) is planning to issue new shares as one of the fund alternatives for petrochemical factory development owned by Chandra Asri Petrochemical, Tbk (TPIA:IJ) in Cilegon. This factory needs USD4.5-5Bn investments, and the company plans to use equity and loans. However, the company will not conduct rights issue this year, as Chandra.
Read More...Tiga Pilar Sejahtera, Tbk (AISA:IJ) has confirmed not to pay its coupon due today. In the statement, the management stated that the company’s cash position as of 1H18 is not sufficient to pay its coupon payable from the bonds and sukuk. The coupon payable that should be paid amounted to IDR63.3Bn of its IDR1.2Trn sukuk..
Read More...Pembangunan Perumahan, Tbk (PTPP:IJ) managed to get a new contract IDR17.6Trn or equivalent to 35.8% of the company’s target, declined 12.8% YoY from IDR20.2Trn in 1H17. Currently, the company holds 18% of consortium of Patimban Port development with contract value of IDR1.02Trn and targeted to be complete in 2019. In addition, another big contract comes.
Read More...Bumi Serpong Damai, Tbk (BSDE:IJ) booked marketing sales amounting to IDR3.8Trn (+50% YoY) in 1H18, from IDR2.5Trn in 1H17. This amount is equivalent to 52% of FY18 target of IDR7.2Trn. Increase in marketing sales due to improvement in property sales, according to its management. Metland Realized its Capital Expenditure of IDR390Bn Metland Focus on Kavling.
Read More...BRI Agroniaga, Tbk (AGRO:IJ) is planning to issue 5Bn new shares at nominal price of IDR100/share or equivalent to 27.1% of the company’s paid up capital. Its parent, Bank Rakyat Indonesia, Tbk (BBRI:IJ) plans to exercise its rights up to IDR1Trn at IDR400/share. The proceeds of this corporate action will be used to strengthen the.
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