Category: Market

Investment Update

State-owned construction firm Adhi Karya (ADHI) allocates Rp1.5 trillion fund for acquiring land area used to build the transit-oriented development (TOD) project in the Light Rail Transit (LRT) City this year. The projects are set to contribute revenues this year. ADHI now has 7 TOD projects under development.

Read More

Banking Update

The Financial Services Authority (OJK) urged small banks to consolidate with big-size banks that willingly to provide rooms for said process. The banks under BUKU I and II Category are urged to merge for boosting their sizes. Banks with core capital of Rp1 trillion are categorized in BUKU I while BUKU II banks have a core capital of Rp1-5 trillion. BUKU III banks have a core capital of Rp5-30 trillion. BUKU IV banks, meanwhile, have capital of above Rp30 trillion.

Read More

Market & Economic Update

Global markets are set for a muted trading today as investors weighed the latest batch of headlines on global growth and trade. News that the International Monetary Fund (IMF) was cutting its global growth forecast to the weakest in three years cemented an already downbeat mood.

Read More

Fund Raisings: PSAB & KMTR

Gold miner J Resources Asia Pasifik (PSAB) will issue 2.64 billion new shares, representing 10% of its enlarged capital, through private placement or offering to a certain party. The exercise price is Rp202 per unit with the expectation of raising Rp534.49 billion in total.

Read More

Economic Update

China’s growth is proving to be especially fragile, and data for the last seven months show a marked slowing of activity—the industrial sectors are close to recession. Policy mistakes, especially regarding trade, continue to be the biggest threats to global growth. Fiscal and monetary policies have little room to stimulate in the event of a downturn.

Read More

The Market This Week

Global stock indexes are expected to keep gaining this week as optimism increased that an end is in sight to the trade conflict between China and the United States (U.S.). World stock indexes jumped on Friday last week (Jan. 18), with Wall Street posting a fourth straight week of gains.

Read More

Market & Rates

Global stock indexes rose on Thursday (Jan. 17) as optimism over a resolution to the trade war between the United States (U.S.) and China lifted sentiment. The second referendum on Britain’s membership in the European Union also influenced the markets. Wall Street closed moderately in the green on  Jan. 17, as a report said that the United States was considering easing China’s tariffs during negotiations.

Read More

Market Snapshots

Global markets extended gains on Wednesday (Jan 16) with gains in the United States (U.S.) equities supported by signs of a better-than-expected start to the earnings season, which then countered concerns about rising U.S.-China tensions.

Read More

Bank Update

The central bank (Bank Indonesia/BI) indicates that new loan or credit increased in the fourth quarter (Q4) of 2018 as demand for all segments (working capital, investment, consumption) accelerated from the previous quarter. That said, it might slow in Q1 of 2019 for a cyclical reason, slow demand early in the year.

Read More

Corporate Actions: Renuka Coalindo

Renuka Coalindo (SQMI), a company engaging in coal trading and shipping, is set to launch a rights issue program for 18.83 billion new shares, representing 98.43% of its enlarged shares capital. The exercise price is set at Rp250 per share. The Company would thus raise Rp4.71 trillion in total. Each shareholder with 50,000 old shares, recorded at Jan 24, 2019, is entitled to buy 3.12 million new shares. Trading of rights is scheduled for Jan 28 to Feb 1, 2019.

Read More
Loading
error: Content is protected !!