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Adaro Energy, Tbk (ADRO IJ), not to prepare a plan of corporate action such as the acquisition of new mines. Currently, Adaro will focus boost electricity project, in particular, to complete the project of steam power plant (Pembangkit Listrik Tenaga Uap/ PLTU).

Bank Umum Kelompok Usaha IV (BUKU IV) this year began to actively consolidate, one of them through the plan of purchasing the bank’s or.

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.

PT Inovisi Infracom, Tbk (INVS IJ), companies in the information and technology content business, is no longer can be traded after Indonesia Stock Exchange (IDX) announced the delisting of INVS shares on September 27, 2017. IDX sees considered problematic on Inovisi Infracom’s financial statements in.

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 airport state owned company, Angkasa Pura II, released prospectus for Bond I/2016 this week citing the final coupon which is offered closed to lower end of its guidance prices during book building period. The prices are; 5-year at 8.60% (guidance: 8.5% -8.75%) with face value of IDR1trn, 7-year at 8.8% (guidance: 8.75%-9.0%) with face.

Pressure on lease rates… XL Axiata’s (XL) (EXCL IJ, BUY, TP: IDR4,550)and Sarana Menara Nusantara’s (SMN) (TOWR IJ, BUY, TP: IDR4,700)Protelindo subsidiary’srecent sale and leaseback deal for 2,500 towers suggests that industry lease rentals remain under pressure. We think XL’s IDR10m per month/site rental has become the new industry benchmark for future lease rental negotiations.

We upgrade the media sector to OVERWEIGHT (from Neutral) on the economy’s potential recovery, driven by government support in boosting consumption. The media industry’s long-term growth outlook remains strong, as TV dominates the ad spend market. Meanwhile, online companies have helped improve the growth of media operators via aggressive ad spending on TV stations. We.

We initiate coverage on Indonesia’s hospital sector with an Overweight Despite Indonesia’s growing healthcare spending, its hospital sector is still largely underserved compared to its ASEAN peers. With the increasing middle income class and the push of the Indonesian Government for a universal healthcare coverage, the structural growth opportunity for Indonesia’s hospital sector is tremendous.

While the growth of Indonesia’s media industry has slowed down to 9% (from a 21% mean in 2010-2014), media is still the most effective tool to promote consumer products, due to its long-term prospects. We believe ad spending may improve when the economy recovers. We initiate coverage on the sector with a NEUTRAL rating and.