Search result for: "Bank Negara Indonesia"

Bank Tabungan Negara (Persero), Tbk (BBTN IJ) and Asuransi Jasa Indonesia establish a life insurance company, namely BTN-Jasindo Life in early December 2017. Insurance company with initial capital worth IDR300bn, had its 70% is contributed by Bank BTN as majority controlling, and the remaining 30% is owned by Jasindo as a minority shareholder. For the.

Perusahaan Listrik Negara (PLN) holding continuous public offering (PUB) of bonds and Sukuk Ijarah II worth IDR10trn in total. During the stage one, the company will release IDR1.6trn bonds and IDR400bn Sukuk Ijarah II. The company offers 7.2%-7.7% coupon rate for A series (5-Years); 7.55%-8.1% for B series (7-Years); and 7.95%-8.5% for C series (10-Years)..

Indomobil Finance, the subsidiary of Indomobil Multi Jasa, Tbk (IMJS IJ), issue bonds to raise funds. The company issue Continuous Bond II Indomobil Finance Indonesia with fixed interest rate Phase IV Year 2017 with a principal value of IDR410bn. This issuance is part of Bond II Indomobil Finance Indonesia with a maximum ceiling of IDR3trn..

On the rating front, Fitch has raised the outlook on 6 Indonesia stated owned companies to positive following its revision on the country’s sovereign rating. The SOEs whose outlook being revised to positive are; i) Perusahaan Listrik Negara (PLN), ii) Perusahaan Gas Negara, Tbk (PGAS IJ), iii) Telekomunikasi Indonesia, Tbk (TLKM IJ), iv) Pertamina, v).

There are 8 bonds issuers in July with total issuance of IDR8.1trillion, it was much lower than IDR22.4trillion booked in June. Less corporate bonds issuance in July was due to Idul Fitri holiday, urging issuers to delay bonds issuance this month. Current ongoing issuance is Bank Tabungan Negara, Tbk (BBTN IJ, idAA+/Sta) offering Shelf Registration.

Kawasan Industri Jababeka, Tbk (KIJA IJ) and PP Properti, Tbk (PPRO IJ) agreed to build simultaneously market the project apartment Riverview Residences and Commercial Riverwalk Park. It was proved by signing the cooperation agreement conducted by the President Director of Jababeka Liman Budianto, Director Jababeka Suteja Sidarta Darmono, and President Director of PP Properti Taufik.

We reinitiate coverage of Ace Hardware Indonesia, Tbk (ACES IJ) with a NEUTRAL and a DCF-derived TP of IDR640, implying 20x/18x FY15/16F P/E. This year proves challenging due to a weak IDR vs USD which might erode ACES’ lifestyle product gross margin, increasing inventory days, while its aggressive store expansion plan might further lower its.

Wintermar Offshore Marines, Tbk (WINS IJ, BUY, TP:IDR1,200) has officially acquired 51% of Fast Offshore Indonesia for IDR27,937bn. With this acquisition, WINS will have four additional high-tier fast multipurpose support vessels (FMSV) to support deep offshore drills operation. Now, WINS have 28 armadas of low-tier vessels, 37 middle-tier, and 9 high-tier vessels. Perusahaan Gas Negara.

Wintermar Offshore Marine, Tbk (WINS IJ, BUY, TP: IDR1,200) will distribute USD2.705mn as dividend or 10% from FY13 net profit. The amount will translate into approximately IDR7.92/share and 0.67% yield by using yesterday’s closing price. The plan is subject to shareholders’ approval in the upcoming AGM on 5 June 2014. The scheduled cum date is.

Emerging new core business. Currently, the group’s earnings are predominantly contributed by its subsidiaries, Cipta Kridatama (~43% earnings contribution – contract mining) and Sumberdaya Sewatama (~16% – power solutions). However, in the long run, we expect ABMM’s subsidiary, Reswara (currently contributing only 9% to group earnings), to be the backbone of ABMM’s consolidated business. We.