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Soechi Lines Syndicated loan Maturity. Indonesia base shipping company, Soechi Lines Tbk (SOCI IJ) is discussing the possibility of a refinancing scheme. For syndication that will mature in 2021. Based on 1Q20 financial statements, Soechi Lines has a syndicated loan that will mature in.

Global Mediacom Debt Guarantee. An investment company in companies engaged in media and telecommunications business, Global Mediacom Tbk (BMTR IJ). Is receive approval from the bondholders to amend the four debt securities. This was convey through information disclosure on the Indonesia Stock Exchange.

Tiphone Selective Default. The cellular vouchers distributor company Tiphone Mobile Indonesia Tbk (TELE IJ) fail to pay interest on a bank syndicate loan. That matures in March 2020. That is why, the Indonesia Credit Rating Agency (Pefindo) downgraded Tiphone. From BB+ to Selective Default. Based on Pefindo, Tiphone has a syndicate loan from Standard Chartered.

Chandra Asri Builds New Factory. Chandra Asri Petrochemical, Tbk (TPIA) has recently issued IDR750Bn in bonds with an interest rate of 9.5% p.a. These bonds have been list on the Indonesia Stock Exchange (IDX) on 31 May 2019 ago. President Director of TPIA, Erwin Ciputra said the funds raised from this bond will be used.

Market capitalization of banking issuers throughout this year experience a significant improvement. Based on Bloomberg data, bank’s market capitalization is still in the hands of Bank Central Asia, Tbk (BBCA IJ) with a total of IDR678.63Trn, up 8.69% throughout the year. Followed by Bank Rakyat Indonesia (Persero), Tbk (BBRI.

The rating agency Pemeringkat Efek Indonesia (Pefindo) still set rating idAA- AKR Corporindo, Tbk (AKRA IJ) as well as its bonds i.e. Shelf Registered Bond I Year 2017 and Shelf Registered Bond I Year 2012. However, Pefindo revised AKRA rating.

Rating agency Moody’s Investors Service affirmed the Baa3 rating for Bank Permata, Tbk (BNLI IJ) local deposits, and long-term foreign currency which showed the stable.

Bank Permata’s key strengths are its two main shareholders, Standard Chartered Bank (SCB) and Astra International, Tbk (ASII IJ). Both have a joint ownership of 89.12% in Bank Permata, Tbk (BNLI IJ). SCB is a British multinational bank operating in over 70 countries and has a credit rating of A+ by S&P. Whereas, Astra is.

Company Profile PTPP provides civil engineering and building construction services. It has recently expanded into EPC developments and industrial concrete manufacturing, as well as property developments. Highlights The port projects specialist PTPP’s orderbook, which is expected to reach ~IDR35trn by end-FY13, is bolstered by its expertise in port development, as well as its strong working.

We initiate coverage on PTPP with a BUY and IDR950 TP, representing a 17% upside to the current share price. Our TP is based on a target of 11.3x PER over the company’s FY14 earnings, at par with its historical average rolling PER. We like PTPP for its strong 20.3% CAGR in earnings between FY10-FY12,.