Search result for: "credit interest rates"

Currently, there are three multifinance names offering new bonds in the primary market with one of the issuer i.e. Toyota Astra Financial (TAFS, idAAA/Stable) has completed the book building period. TAFS received decent bids for its new bond  offering as it oversubscribed by 1.3 times, with investors’ appetite skewed to short term bonds. TAFS’ final.

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.

Tiphone Mobile Indonesia, Tbk (TELE IJ), a cell phone and mobile phone voucher retail, will issue bond worth IDR1trn in 3Q2016. The Company use the opportunity the rest of shelf registration bond that are still worth IDR1.5trn, from total of IDR2trn, to pay debts and finance its working capital needs. This bond will issue in.

Indosat, Tbk (ISAT IJ) current ratio at 0.44 times, or be under level 1 time, indicated the company’s current asset isn’t quite fulfill its current liabilities. For the record, the company have bonds maturing worth IDR 554 billion by next June. These bonds are bonds series A 370-day tenors with interest of 8.55% per year, which is part of the shelf registration bond.

Indonesia corporate bonds issuance in the 1Q16 reached IDR13.68trn, up by 11% compared similar period last year. Issuances were mainly stem from banks and multifinance sectors unlike previous year. The biggest issuer was recorded by Bank Rakyat Indonesia (BBRI:IJ) (idAAA/Stable) which has issued IDR4.65trn in early February followed Eximbank (idAAA/Stable) with IDR4trn issuance size. In.

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.

We initiate coverage on Siloam with a NEUTRAL and a DCF-derived IDR13,000 TP (10% upside), implying 22x/17x FY16F/17F EV/EBITDA. Siloam is the largest private hospital operator by bed capacity and, with Lippo Karawaci’s support and a planned non pre-emptive rights issue, it can easily further outgrow its IDX-listed peers. However, there is a potential delay.

We initiate coverage on Siloam with a NEUTRAL and a DCF-derived IDR13,000 TP (10% upside), implying 22x/17x FY16F/17F EV/EBITDA. Siloam is the largest private hospital operator by bed capacity and, with Lippo Karawaci’s support and a planned non pre-emptive rights issue, it can easily further outgrow its IDX-listed peers. However, there is a potential delay.

We initiate coverage on Sarana Meditama Metropolitan with a DCF-derived IDR3,300 TP (31% upside) which implies 56x/53x FY16F/17F P/Es and recommend BUY. It is a prominent hospital operator in Greater Jakarta with its two award-winning OMNI Hospitals in Pulomas and Alam Sutera and an expansion strategy in place for two greenfield 250-bed hospitals. It focuses.

Indonesia transportation sector has been impacted by the slowdown in the Indonesia economy and also fierce competition especially from Uber. However, given the under penetrated of Indonesia taxi industry, lack of investment in public transportation, lowest taxi tariffs compare to other countries, and expanding middle class; we believe an improvement in the long run. Furthermore,.