Tag: MABA

Stocks to Watch

Investors were focused on buying cigarette, cement, coal, and retail stocks in the first week of trading this month as the sectors are expected to experience positive growth. Cigarette producer HM Sampoerna (HMSP) gained 3.2% on Friday last week and became the prime mover for market gain. HMSP gained 2.5% year to date, while its peer Gudang Garam (GGRM) only rose 0.56%.

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Busy Year End in Debt Market

Some companies secured major loan facilities in the last few days of 2017. Coal producer Bayan Resources (BYAN), for example, signed US$100 million revolving loan facilities with Bank Permata (BNLI), which can be used for bank guarantee and forex line. Under the agreement, Bayan Resources may use up to US$30 million for bank guarantee and US$3 million as forex line.

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