Kategori: Agriculture

Indo Komoditi Korpora, Tbk (INCF:IJ) will reach sales target of IDR600Bn until the end of year 2017, since company will increase to 30,000 tons of rubber. While, company’s production capacity of 60,000 tons factory within a year. Compared to last year, the production of rubber reached only 40% or around 25,000 tons. Until 3Q17, company.

Austindo Nusantara Jaya, Tbk (ANJT:IJ) plans to build a new palm oil mills and processing edamame. The company set up investment funds worth USD30Mn for its expansion. While, the value of investment for palm oil factories around the USD23Mn, and the construction has been started since last September. These 90 tons per hour capacity factory,.

Sawit Sumbermas Sarana, Tbk (SSMS:IJ) canceled the issuance of global bond worth USD300Mn, tenor 5-years and with an indicative coupon rate at level 7%. The cancellation due to the yield increase in the global bond market. Meanwhile, incoming requests in the Asian region coupon at the level of 7.25%, and the number of incoming request.

The increased in production and prices of crude palm oil (CPO) support the PT PP London Sumatera Indonesia, Tbk (LSIP IJ)’s performance until the 3Q17. According to its financial reports period of January to September 2017, company recorded revenues of IDR3.57trn, or increase 96% over the same period 2016 worth IDR2.61trn. The increase in income.

Tunas Baru Lampung, Tbk (TBLA IJ) plans to issue global bond worth USD200mn (IDR2.6trn) throught its subsidiary. The bond will be issued in Singapore Exchange Securities Trading. The company has not stated how it will use the proceeds from the bond. However, the company has outstanding bonds that will mature this year worth IDR1trn. Bank.

Pemeringkat Efek Indonesia (Pefindo) has revised Sinar Mas Agro Resources and Technology Tbk (SMAR:IJ) outlook to negative from stable. The outlook revision reflects SMAR’s weakening capital structure and cash flow protection. SMAR booked lower EBITDA margin during 9M15 due to continued low CPO price, while its debts increase partially because of foreign exchange debt following.

On rating front, Pemeringkat Efek Indonesia (Pefindo) lowered PT Medco Energi Internasional, Tbk (MEDC:IJ) to idA+/stable (from idAA-/negative) along with its Shelf Registered Bond I 2012-2013, USD bond I 2011-2012 and Bond III/2012. Downgrade was driven by continued weak crude prices which resulted a weaker revenue and profitability. In 1H2015, the company realized lower revenue.

On the rating front, Pemeringkat Efek Indonesia (Pefindo) downgraded another company last week. Pefindo lowered Trikomsel Oke, Tbk (TRIO:IJ) rating to idBBB (from idBBB+) though the outlook was revised to stable from negative. Its convertible bond’s rating was also slashed to idBBB from idBBB-. The downgrade was driven by its weakening capital structure and cash.

Sampoerna Agro (SGRO IJ, BUY, TP: IDR2,775) is seeking IDR650bn of loans in 2015. 65% of the funds will be used to finance its capex allocation of IDR600bn – 1trn. The company intends to plant new CPO area of 5,,000 ha while rubber plantation area will be added for 1,000 – 2,000.

Wintermar Offshore Marine, Tbk (WINS IJ, BUY, TP: IDR1,200) will distribute USD2.705mn as dividend or 10% from FY13 net profit. The amount will translate into approximately IDR7.92/share and 0.67% yield by using yesterday’s closing price. The plan is subject to shareholders’ approval in the upcoming AGM on 5 June 2014. The scheduled cum date is.