Search result for: "Indonesia Stock Exchange"

PT Telekomuniksai Indonesia, Tbk (TLKM IJ)’s plan to continue its inorganic expansion, was entered into the final stage, since there are three companies which were acquired. Those company is a foreign company, came from Malaysia and one of them listed in Singapore Stock Exchange. For the record, the third companies are engaged in satellite technology.

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).

Indonesia primary market remains light at this week trading with two new issuers from multifinance eyeing to release bond, they are; BFI Finance Indonesia (BFIN IJ, idA+/Pos) and Maybank Indonesia Finance (MIF, idAA+/Sta). BFIN is offering IDR1trn bonds which split into 3 series with tenures of; 370 days priced at 8.00% – 8.75% 3 years.

On rating front, S&P have downgraded the rating on MNC Investama, Tbk (BHIT IJ) and Gajah Tunggal, Tbk (GJTL IJ) to “B-” due to rising financing risks. The outlook for Gajah Tunggal was placed at CreditWatch while MNC Investama maintained at negative. The downgrade on both companies were mainly because of higher risk financing as.

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.

Standard &Poor’s (S&P) has downgraded Energi Mega Persada Tbk (ENRG:IJ) to B- with negative outlook. The downgrade was driven by higher refinancing risk given the company has substantial short term debt in its parent company. S&P sees that the affiliated Bakrie Group’s internal cash will not be sufficient to cover the short term debt. As.

The company is having another up-to-50% sales promotion this month to reduce its excessively high 227 inventory days as of 9M15 – the highest among retailers under our retail coverage. Better Consumer Confidence Index in Dec 2015. Indonesia’s Consumer Confidence Index rose for the second time above 100 in Dec 2015 (Oct 2015: 99.3; Nov.

We upgrade Media Nusantara to BUY (from Neutral) with an IDR2,150 TP (from IDR1,850, 31% upside) on the back of an expected recovery in the local economy in 1H16 an anticipated rate card improvement and lessened discount, given RCTI’s strong audience share. We believe the stock’s valuations are attractive enough, given potential FY16/FY17 earnings growth.

Tower Bersama Infrastructure’s Tbk (TBIG:IJ) rating was downgraded to Ba3 from Ba2 by Moody’s. Moody’s also cut the rating on its USD 300 million notes issued by TBG Global Pte Ltd, a wholly owned TBIG’s subsidiaries, to the same level. The outlook rating is stable. TBIG’s leverage which surged to 6.3x as a result of.

Pemeringkat Efek Indonesia (Pefindo) has revised Sinar Mas Agro Resources and Technology Tbk (SMAR:IJ) outlook to negative from stable. The outlook revision reflects SMAR’s weakening capital structure and cash flow protection. SMAR booked lower EBITDA margin during 9M15 due to continued low CPO price, while its debts increase partially because of foreign exchange debt following.