Kategori: Property Real Estate

The demand for stated owned bonds continue to rise amid the Otoritas Jasa Keuangan (OJK) plan to include  50% of those bonds into minimum investment of government securities for non-bank financial institution, as stated by OJK draft circulated last week. The increasing appetite for SOE bonds could be seen from the bids received for those.

Aeon Shopping Center Mall starting in 2017 will complete the means of Puradelta Letari, Tbk (DMAS)  commercial industrial area. The mall’s presence coulden courage the increase in the price of land in industrial zones, the previous post of the company has been selling land 2 ha to PT Aeon Mall  Sinarmas Land in September 2013. For the record, the vast area reaching Deltamas 3,050 ha, with landbank that is ready for sale reached 1,200 ha. In addition, large factories such as the Mitsubishi factory and SAIC GM Wuling, will operate in the area of Greenland International Industrial Centre (GIIC)  of Kota.

PT. Intiland Development, Tbk (DILD), a property issuers have bonds and the bank debt each valued at IDR 346 billion IDR 230 billion,  are due  in 2016. On the other hand, the company has submitted of bonds issuance plans at worth IDR 600 billion to the financial services authority (OJK), and is currently still waiting for effective statement. Through his efforts, its subsidiary’s Perkasa Lestari Permai (PLP), have debts totaling IDR 250 billion in PT Bank Mayapada International, Tbk (MAYA) in October 2015 and will be due in October this year. While bonds maturing worth IDR 346 billion of bonds, series A, was issued in July 2013. Surya.

Kawasan Industri Jababeka, Tbk (KIJA IJ) and PP Properti, Tbk (PPRO IJ) agreed to build simultaneously market the project apartment Riverview Residences and Commercial Riverwalk Park. It was proved by signing the cooperation agreement conducted by the President Director of Jababeka Liman Budianto, Director Jababeka Suteja Sidarta Darmono, and President Director of PP Properti Taufik.

On this week trading, there were at least three issuers who stated to get the bond issuance out this year. Modernland Tbk (MDLN:IJ idA/Stable) seeks for the second tranche issuance this year following the first tranche release last year. The issuance will be part of IDR2 trn bond program of which IDR 750bn has been.

On the rating front, Pemeringkat Efek Indonesia (Pefindo) has awarded AAA/Stable for state owned company, Perusahaan Gas Negara Tbk (PGAS:IJ), driven by its important role for Indonesian government, strong position in domestic transmission and distribution gas business supported by widespread pipeline network in Java and Sumatera. Furthermore, the company’s strong liquidity and stable gas demand.

On the rating front, Pemeringkat Efek Indonesia (Pefindo) has assigned BBB/Stable on PT Hanson International Tbk (MYRX:IJ) driven by elevated financial leverage level, weak cash flow protection and execution project and concentrated risk. However the company has sizeable and strategically located land bank area for future development which could generate decent profitability margin. Elsewhere, Fitch.

On the rating action, there were two outlook revision by Pefindo this week: Intiland Development Tbk (DILD:IJ) was revised down to negative from stable and Mayora Indak Tbk (MYOR:IJ) upgraded to stable. The negative outlook on DILD was given to anticipate further weak projected capital structure and cash flow protection measures as a result of.

Summarecon Agung Tbk (SMRA:IJ) and Wahana Ottomitra Multiartha Tbk (WOMF:IJ) received overwhelming bids for their new bonds offering since their three issues bonds were oversubscribed by 1.5 times – 1.7 times. SMRA received an order of IDR 750 billion – IDR 850 billion for 3y and 5y bond respectively, above IDR 500 billion target. SRMA.

Some Indonesia State Owned Enterprise (SOE)s who have stated to release bond next year were; Jasa Marga, Tbk (JSMR:IJ), Wijaya Karya, Tbk (WIKA:IJ), Semen Indonesia, Tbk (SMGR:IJ) and PP Properti, Tbk (PPRO:IJ). In the purposed state budged 2016, WIKA would receive IDR 3 trn from state capital to work on some infrastructure projects. The company.