Indonesia Market Summaries 12 July 2013

• PT Borneo Lumbung Energi & Metal Tbk (BORN, Rp330) agreed to separate with Group Bakrie. BORN affiliated companies namely Ravenwood Pte Ltd has signed an agreement to buy a 23.8% Group Bakrie stake in Bumi Plc for U.S. $ 223 million.
  
  BORN will then increase its stake in Bumi Plc to 47.6% through the purchase of shares of Ravenwood. In addition, BORN will also continue to reduce its debt by some means. (Bisnis Indonesia)
• Dry ports of PT Kawasan Industri Jababeka Tbk (KIJA, Rp320) expects to serve as many as 100 corporate customers by the end of this year from the current position that has 18 companies.
  
  Dry port operator PT Cikarang Dry Port (CDP) is also targeting 30,000 units of container flows equivalent size of twenty-foot equivalent units (TEU), of a total capacity of 400,000 TEU. CDP also plans to expand its area so as to increase profits 10% this year. (Kontan)
• PT Lippo Karawaci Tbk (LPKR, Rp1.130) will build a superblock Embarcadero in Bintaro area. Construction will begin in September-October and will continue for the next 3 years with an investment of Rp2,2 billion on 260,000 square meters area.
  
  The area will include a shopping center, four condominium towers with a capacity of 650 rooms, Siloam Hospital with capacity of 300 bed, Pelita Harapan international school, and family club. (Investor Daily)