Kategori: Trade Services

PT Alfa Energi Investama, Tbk (FIRE IJ), an Indonesian coal trading company, is selling 2.5 million MT of coal worth IDR970bn, with a time period of three year to PT Kisya Pundi Abadi. For the record, 2017 has been a tough year for this company, since its finance cost majorly cut downs its income from.

PT Hero Supermarket, Tbk (HERO IJ) is launching the Giant Mart, a minimart segment, amidst their hyper market format’s expand. The first Giant Mart was opened in Duri Kepa, Kebon Jeruk, West Jakarta on August 16,.

PT Wicaksana Overseas International, Tbk (WICO IJ), engaging and trading company, is selling its assets to generate cash amidst company’s capital expenditure. The company divert its 11 assets in a form of warehouse, land and shop house, totaling IDR223.60bn, to its affiliated namely PT Wira Logitama Saksama and PT Jakarta.

Global Mediacom, Tbk (BMTR IJ) offers continuous bond and Sukuk worth IDR850bn and IDR250bn respectively. The company will use the funds added with IDR150bn from Sukuk emission to pay off bonds that will due on 12 July 2017 and the IDR100bn to be used for company’s working capital. The bond will offer in three series.

Moody’s has confirmed the Caa1 rating of MNC Investama, Tbk (BHIT IJ) while its outlook was revised down to negative, underpinned by persistent level of refinancing risk present throughout the BHIT group over the next 18 months. As of 30 September, BHIT’s short-term and other current debt totaled IDR8.3trn, or around IDR 6.0trn pro forma.

Unlike government bond, demand for IDR denominated corporate bonds dominated by local investors. The biggest holders of local corporate bond is mutual fund with its ownership accounted for 25.6% of total outstanding. As of October 2016, mutual funds manages also recorded the biggest net buy this year as they added a total of IDR21 trillion.

Pemeringkat Efek Indonesia (Pefindo) has downgraded rating on rating Sinar Mas Agro Resources and Technology Tbk (SMAR IJ) to idA+/Sta from idAA-/Neg, driven by its high leverage which likely to sustain on short to medium term, weak cash flow, and lower production volume which will translate into higher debt to finance its working capital. The.

Tiphone Mobile Indonesia, Tbk (TELE IJ), a cell phone and mobile phone voucher retail, will issue bond worth IDR1trn in 3Q2016. The Company use the opportunity the rest of shelf registration bond that are still worth IDR1.5trn, from total of IDR2trn, to pay debts and finance its working capital needs. This bond will issue in.

We expect Surya Citra’s 2Q16 performance to remain decent due to the Lebaran festival, which should help prop up SCTV’s poor prime time audience share. Moving forward, we anticipate SCTV’s audience share to improve driven by the broadcasting of Indonesian Super League since end-Apr 2016. We maintain our NEUTRAL call and IDR3,300 TP (2% upside).

The supermarket division contributed c.31% of Ramayana Lestari’s (Ramayana) total sales in 1Q16. Its gross and operating margins improved 340bps and 180bps QoQ respectively in 1Q16 as Ramayana terminated the trader wholesale programmes in Dec 2015. However, Ramayana plans to restart the programmes to prop up sales despite the fact that the programmes are usually.