Search result for: "Government bonds"

In January, Semen Indonesia (Persero), Tbk (SMGR IJ) acquiring Holcim Indonesia, Tbk (SMCB IJ) now renamed Solusi Bangun Indonesia (SBI) group in SMGR. Binaartha Sekuritas.

Mayora Indah Tbk (MYOR) will strengthen its expansion in the export market. One of its main goal is the European country i.e. Russia. In the year 2018 MYOR managed to.

The plan of the Indonesia Stock Exchange (IDX) adds a variable free float in the calculation of the index makes the shares of HM Sampoerna, Tbk (HMSP IJ) down some time.

In the next two weeks trading, Indonesia primary activity will be supported by some multifinance new bonds issuance. There are three companies preparing to release bond in the next two weeks; Toyota Astra Finance (TAFS), Indomobil Finance (IMFI) and BII finance. TAFS has closed its book building period on Friday last week while the book.

Indonesia recent market volatility has caused some issuers to cancel the bond issuance this year. Las week, Tower Bersama Infrastructure Tbk (TBIG:IJ) has decided to cancel the sale of IDR 3.2 trillion bond from its remaining continuous bond I program due to unfavorable market condition. The company actually has completed the book building period for IDR.

We see Indonesia bond market prices have recovered in last week trading with  the yield on medium term bonds (5-7y) and long tenured bond (10y) tighten 7-11bps while short term bond only widen 3 bps. Recovery in corp bonds market was also seen in government bonds given foreign net sell minimized to Rp 1.2 trillion.

Activity in Indonesia primary market was quite during this month. There was no new bond released in the last 5 weeks. The last issuance was on 10 July. Last month, we saw 5 issuers with 14 bonds issued worth IDR 9.3 trillion in total. Meanwhile, this month’s primary market activities were filled up only by.

With the economy growing >5% annually and its people increasingly connected via social media (evidenced in 2014’s presidential election), we see a new generation of confident and informed consumers on the rise. Vibrant, younger Indonesians in the sizeable middle class want to satisfy their secondary needs. They are optimists, entrepreneurial, technology-dependent and express their opinions.

The earnings of Wintermar Offshore Marine, Tbk (WINS IJ), a leading Indonesian OSV player, have risen consistently since its Nov 2010 IPO. It has beaten the JCI by 40% since the market peaked on 20 May 2013, buoyed by its sturdy fundamentals. As its 9M13 earnings beat our estimate, we expect alluring double-digit earnings growth.

Driven by sanguine investor sentiments, the market cap of the Indonesian construction sector has expanded by 280% since 2012, outpacing its EPS growth potential of 18%-22% for 2013F. We propose a bellwether report to consider amid potentially weaker sentiments, while we continue to have a positive outlook on construction companies. At present, defensive stock picks.