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Solid price of broiler chicken and day old chicken (DOC) are able to boost the performance of company in the poultry sector (poultry) in 1H18. But at the same time, poultry company is still haunted the trend of a rupiah.

Indonesia Kendaraan Terminal, Tbk (IPCC:IJ) target the income until the end of the year 2018 can grow up to 38% over the previous year. The subsidiary of PT Harbor Indonesia (Pelindo) II, will still focus on terminal services.

PT Kapuas Prima Coal, Tbk (ZINC IJ) is preparing a number of expansion, such as in the region of Central Kalimantan since company had a considerable land there. Currently, company used land only 390 Ha, or only 7% from its total permission, clean and clear land up to 5,569 Ha. Company is produced 60,000 tonnes.

PT Kapuas Prima Coal, Tbk (ZINC IJ)’s stock price increased up to level IDR238 per share, or 70% at the opening of its first day on October 17, 2017. Issuer coded ZINC noted on the Development Boad, has the initial offer price at IDR140 per share. Company release its 550 million shares or equivalent to.

PT Bank CIMB Niaga, Tbk (BNGA IJ) confiscated the asset of PT Modern International, Tbk (MDRN IJ) and its subsidiary namely PT Modern Sevel Indonesia, which were collateral in the bank worth IDR124bn. Its collateral was confiscated by the bank, is to repay Modern’s loan since shutting down 7 Eleven in last June.

BOND STRUCTURE Bond Name : Shelf Registration II SAN Finance Tranche II Year 2017 Issuance Size : IDR 1,500,000,000,000 (one trillion and five hundred billion rupiah) in principal amount Rating : idAA- (Double A Minus), stable outlook by PT Pemeringkat Efek Indonesia (“Pefindo”), AA(idn) (Double A), stable outlook by Fitch Rating Indonesia Tenures : Series.

On rating action, Fitch Rating Indonesia has upgraded BFI Finance Indonesia, Tbk’s (BFIN IJ) national rating to ‘AA-(idn)/Stable’ from ‘A+(idn)/Stable, underpinned by its sound financial performance and balance sheet amidst slowing economic activity. It is reflected by improved profitability and capitalization measures with the company’s ROE and ROA posted at 18.0% and 6.3% respectively, slightly.

We continue to like Telekomunikasi Indonesia as (i) we expect a strong revenue growth on the back of strong data demand and healthy competition. We expect revenue to rise 11.6%/10.3%/9% in FY16/FY17/FY18 respectively; surpassing XL and Indosat. (ii) the stock is a proxy to foreign inflow from tax amnesty program. We view that, Telkom’s EV/EBITDA.

We reinitiate coverage on the Indonesia Towerco sector with a NEUTRAL call premised on: i) the structural and operational headwinds impacting the sector in the longer term, ii) the still relatively attractive/superior EBITDA margin of the ITCs, iii) potential for opportunistic M&As, iv) and the valuation discount that the ITCs trade at when stacked against.

We maintain our BUY call on Link Net with an unchanged DCF-based IDR5,500 TP (30% upside) Our TP implies 7.4x FY16F EV/EBITDA, which is attractive given its 5-year EV/EBITDA CAGR of 13%. We also like its focus on driving net subs and overall penetration in the firm’s existing cities. In 2Q16, ARPU is expected to.