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Built during the Soekarno presidential era, Semanggi flyover is widely known as an iconic structure of Jakarta over the years. Located in the heart of Jakarta, the clove-shaped flyover connects the most crowded areas including Sudirman Central Business District (SCBD), Thamrin, Senayan and Kuningan within its 3-km radius. These areas cover the city’s 2 major.

Semen Indonesia, Tbk (SMGR IJ) plans to sell one of its subsidiary, parts of company’s working capital increase plan. Based on 1Q2016 data, Semen Indonesia had 15 subsidiaries engaged in a variety of fields, such as the cement industry and supporting of industries cement. As a cement holding state owned enterprises (SOE), Semen Indonesia has.

PT Ekadharma International, Tbk (EKAD) increase its capital expenditures worth between IDR 40 billion to IDR 50 billion. The Capex will add production capacity reached 192 million m2 per year for the expansion of two factories in Indonesia and Malaysia, the previous capacity of 305 million m2 per year. The company’s production capacity expansion, to meet the domestic demand as well as internationally. For the record, Ekadharma International’s consolidated net sales and profit includes  worth at Rp 531 billion and Rp 47 billion respectively in 2015. Whereas the period of 1Q2016, each valued at Rp 138.6 billion and Rp 24.8 billion. Selamat Sempurna Acquire.

PT Pelabuhan Indonesia I (Pelindo) is currently offering IDR1trn bonds consisting of four series; Series A (3y priced at indicative 8.25%-9%); Series B (5y; coupon 9-9.5%); Series C (7y; coupon 9.25%-10%); and Series D (10y; coupon 9.5%-10.25%). Current bond offering is the IDR bonds issued by Pelindo I. As the company engage in infrastructure sector, .

Indonesia airport operator, Angkasa Pura II has been assigned a National Long-Term rating of AAA(idn) with a stable outlook by Fitch Ratings Indonesia and idAAA/Stable by Pefindo. The similar rating also assigned for its proposed IDR2trn unsecured bond. It also benefits from a higher approved tariff for 2016, which will drive aeronautical revenue growth, and.

Pemeringkat Efek Indonesia (Pefindo) has lowered rating on Waskita to A-/Stable from A/Stable driven by the expectation of higher leverage and weakening cash flow protection as a result of aggressive expansion into toll road business  which will be funded mostly by debt. However, the company still has strong position in domestic construction industry, improving margin.

Indomobil Finance (idA/Stabil) or IMFI has started  a book building for its three new bonds series: 1y priced at a range of 9.5%-10.25%; 3y at 10.4%-11.15% and; 5y at 10.5%-11.25%. The company has 6 bonds series maturing this year worth a total of IDR1,285 bn and IMFI also has issued IDR1.09trn bonds last year to.

After postponing the bond issuance this year, PT Angkasa Pura II plans to release IDR1–2Trn bond in March or April 2016. The company will be using 2015’s financing statement for bond issuance purposes. In the next two years, Angkasa Pura II will need IDR8–10Trn capital to develop some airport infrastructure such as i) improvement of.

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.

It is a good home improvement retailer, but at the current share price, exceptionally high inventory days and weak 9M15 SSSG, we believe it is overvalued. Weak 9M15 results. ACE Hardware, Tbk (ACES IJ) 9M15 sales were at 71% and 69% of our and consensus sales forecasts respectively. Likewise, net income accounted 72% and 69%.