Friday, June 28, 2013

Indonesia Market Summaries 28 June 2013

  • PT Semen Baturaja Tbk (SMBR, Rp590) on the primary market today (28/7) opened higher to position Rp 700 from its set price at Rp 560 per share. The Company took off 2.33 billion shares (23,76%) of the capital which remitted. From this amount, 19.16 million shares or 0,82% of the amount issuance of shares offered for employee stock allocation (ESA) program.

    Besides it, there are 162.32 million shares or 1.65% of the the amount of capital issued and paid full after IPO is used for implementation of Management and Employee Stock Option (MESOP) program. The Rp 1,3 trillion fund of the overall amount of shares issued by company.
  • Separation of Bakrie Group and PT Bumi Resources Tbk (BUMI, Rp550) from Bumi Plc re-delayed. The Annual eneral Meeting of Shareholders by Bumi Plc on Wednesday (26/6) London time, actually is the deadlines for Bakrie Group to pay U.S. 278 USD million in cash to the Bumi Plc for redeem Bumi Resources, which previously already extended from May 30th, 2013.

    However, CEO of Bumi Plc, Mr Nick von Schirnding say that separation of Bakrie Group and PT Bumi Resources Tbk (BUMI) are quite complex. According to him, the company are faced difficult situation because this process involves a number of entities, including relevant regulator. (Business Indonesia)
  • PT Garuda Indonesia Tbk (GIAA, Rp510) schedule a bond offering sustained to the public at 1-2 in July 2013. Date of distribution of bonds electronically will be done on July 5, and date of recording of in IDX on July 8, 2013.

    GIAA assign coupon bond with interest rate 9.25% within public offering sustainable - PUB I phase I in 2013 worth of Rp2 trillion. (Business Indonesia)
  • The currency exchange rate of Rupiah in the market this morning (28/6) approaching Rp 10,000 per USD. At 9:17 a.m. West Indonesia Time, Rupiah were in position of Rp 9,995 per USD. The currency exchange rate of rupiah fell 0.87% compared to the day earlier in level of Rp 9,908 per USD.

    As known, the currency exchange rate of Rupiah last week was in level of Rp 10.009 per USD. The currency exchange rate of Rupiah of Bank Indonesia' benchmark rate yesterday (27/6) was at the level Rp 9937 per USD. (Kontan)
for Indonesia Marker Summaries 18 June 2013

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