Search result for: "EDC"

There are two new bonds offering this week they are; i) Medco Energi Internasional, Tbk (MEDC:IJ, idA+/Neg) and Bank Syariah Mandiri (BSM, idAA-(sy)/Stable). Medco sets to issue IDR1trn of Shelf Registration Bond II tranche III in which the public offer sets to be held next week on 15-16 Dec.This is the third bond issuance this.

On rating action, Pemeringkat Efek Indonesia (Pefindo) has maintained idA+ with negative outlook on Medco Energi Internasional, Tbk (MEDC IJ) amid its more aggressive capital structure following the acquisition of Newmont Nusa Tenggara (NTT). However, the acquisition is expected to positive affect the rating as the company may receive potentially higher cash flow from NTT..

Medco Energi Internasional (unrated) has expanded its oil and gas operation to Tunisia through the acquisition of Storm Ventures International (Barbados) Ltd from Chinook Energy Inc (listed on Toronto stock exchange). The transaction is now complete while Medco has gotten approval from the Tunisian government and several oil and gas exploration association of the country.

MEDC possesses expansive O&G upstream assets portfolio in both domestic and international markets Its assets span beyond Indonesian blocks to sites in USA, Libya, Yemen, and Oman. MEDC also engages in downstream businesses, renewable energy, power generation and recently coal mining. We view MEDC’s recent cost leadership, production initiatives, and diversified portfolio in energy-related businesses.

The Indonesia Stock Exchange (IDX) announced the theoretical share price of PT Bank Woori Saudara Indonesia 1906 Tbk. (SDRA). In the announcement with the number No. Peng-00279/BEI.POP/09-2021, the Exchange stated that the announcement of the theoretical price of the shares was based on, among others, Rule Number II-A concerning Trading in Equity Securities and appointed.

Shares of PT Bank Woori Saudara Indonesia 1906 Tbk. (SDRA) jumped in today’s trading, Wednesday (28/7/2021). Shares of the bank with the issuer code SDRA closed up 25 percent to the level of 900. In early trading today, SDRA’s shares opened at 735 and moved in the range of 735 to 900 per share. The.

PT Batavia Prosperindo Trans Tbk (BPTR) is aiming for positive revenue growth this year. Management projects that BPTR’s revenue will grow 33.3% year on year (yoy) to Rp 216 billion by the end of the year. Independent Director of Batavia Prosperindo, Rima Ruvit said, although his business is still running in the midst of a.

PT Satria Antaran Prima Tbk (SAPX) recorded an increase in the volume of package delivery. President Director of PT Satria Antaran Prima Tbk Budiyanto Darmastono explained, Satria Antaran Prima recorded a shipment volume growth of 20% -30% since the enactment of the PSBB in March.

Gold mining issuer PT J Resources Asia Pasifik Tbk (PSAB) has stopped the ongoing public offering (PUB) of Shelf-Registered Bonds I. Initially, PUB I, which was effective from 27 June 2019, targeted to raise funds of IDR 3.

The palm oil producer, PT Sampoerna Agro Tbk., plans to issue debt securities again this year. Sampoerna Agro’s Head of Investor Relations Michael Kesuma said that the company is looking for the right momentum to re-issue new debt securities, which are targeted this.