Lautan Luas stock split 1:2
Shareholders of Lautan Luas (LTLS IJ, Not rated) has approved the company’s plan for stock split 1:2. In effect, total shares outstanding will increase from 780m shares to 1.56bn shares. This action is done to increase liquidity to the market. On another matter, the company will be focusing on 3 main projects in 2015 namely.
Read More...Jasa Marga allocates IDR4trn of capex
Jasa Marga (JSMR IJ, Not Rated) is allocating IDR4trn for 2015 capex where 75% will come from internal cash and the rest will be bank loans. The funds will mostly be used for toll roads development while only a small portion will be allocated for its property subsidiary. Management targets FY15 revenue to reach IDR8trn.
Read More...Samudera Indonesia Visit Takeaways
We recently visited Samudera Indonesia (SMDR IJ, Not Rated) here are the key takeaways: The company is an integrated logistic & cargo company that serves international & domestic market, Samudera has 18 subsidiaries that is divided into 3 categories; Shipping, Logistics, and Agency & Terminal, the largest contributor of revenue for the company comes from.
Read More...Bukit Asam Targets Gold Mining Services
PT Bukit Asam (PTBA IJ, BUY, TP: IDR14,400) through its subsidiary PT Bukit Multi Investama is planning to acquire a gold mining service company before the end of this year. The company is still in due diligence process. This action is believed to add more value and synergy to Bukit Asam, but no details regarding.
Read More...Waskita Seeks IDR3Trn of Loans
Waskita Karya, Tbk (WSKT IJ) will ramp upped the acquisitions of 60% Kresna Kusuma Dyandra Marga (KKDM) before the end of this year. KKDM is the concession holder ofBekasi-Cawang-Kampung Melayu toll road segment. Afterwards, the company will participate in relaunching the toll segment by allocating IDR3.9Trn for 11 Km section 1 development. The toll road.
Read More...Wika Beton Targets Maritime Projects
Management of Wijaya Karya Beton (WTON IJ, Neutral, TP: IDR1,135) is positive that the company will benefit from the upcoming maritime projects. Therefore, the company targets FY15 revenue and net income to reach IDR4trn & IDR350bn respectively. These will be supported by the existing and new plants. As per October, the company has new contracts.
Read More...Soechi Only Issues 15% of New Shares
Soechi Lines has decided to downsize the new IPO shares issuance from 2.5bn shares (30%) to ~1.25bn shares or 15%. The IPO price has also been set at IDR550/share, lower than the previous range of IDR600-800/share. This action was taken by the management due to unfavourable market and industry condition. Therefore, Soechi will gain IPO.
Read More...Tower Bersama 10% Non-Preemptive Rights Issue
Tower Bersama Infrastructure (TBIG IJ, Neutral, TP: IDR8,600) is planning to conduct a non-preemptive rights issue for 479.65m shares (10%). This action is part of the share swap scheme with PT Dayamitra Telekomunikasi (Mitratel), subsidiary of Telekomunikasi Indonesia (TLKM IJ, BUY, TP: IDR3,200). Tower will also transfer its 53.29m treasury shares as part of the.
Read More...ADHI Revised FY14 New Contracts to IDR10.5Trn
Adhi Karya (ADHI IJ, Neutral, TP: IDR2,720) has made another revision for this year’s target new contract from IDR15trn to IDR10.5trn (-30%). Unfortunately, management has not issue a formal explanation for this second revision. Moreover, new contracts won until October 2014 has reached IDR5.5trn. Therefore, the new contracts achievement YTD has reached 52% from the.
Read More...Soechi Lines IPO Price is Set at IDR550 per Share
The IPO price of Soechi Lines is set at IDR550/share, lower than the initial range of IDR600 – 800 per share. Nonetheless, with the issuance of 2.57bn shares (30%) Soechi Lines will receive IDR1.4trn from the IPO fund. The funds will be used to expand its armada and pay off debts. Soechi is also allocating.
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