Indonesia Market Summaries 17 July 2013

• Hong Kong's giant retail company, The Dairy Farm Company Limited (DFCL) absorbs 851 280 units rights issue shares of PT Hero Supermarket Tbk (HERO, Rp3.250) at Rp3.350 per share. With this action, the portion DFCL shareholding increased to 17.195 of the total paid-up capital and issued by HERO.
  
  The exercise price Rp3.350 per share executed on July 2, 2013. The exercise price is lower than the trading price of shares of HERO on July 2, which was at Rp3.700 per share. Thus, the value of purchase transaction by the DFCL worth Rp2, 85 billion. (Bisnis Indonesia)
• PT Multi Bintang Tbk (MLBI, Rp1.400.000) as the exclusive rights holder of the brand Guinness Foreign Extra Stout (FES) reveals, Guinness's market share reached 34% in Indonesia. That number represents Guinness' largest market share in the Asia Pacific. Not only that, the figures were also made Indonesia into six largest country buyers Guinness, after Britain, Ireland, Nigeria, the United States and Cameroon.
  
  Based on the financial statements of the company in September 2012, total net sales of MLBI reached Rp1,57 trillion. This figure is up 29% over the same period of previous year, Rp1,22 trillion. From the total net sales, amounting to Rp1,55 trillion derived from domestic sales, while the remaining Rp13,46 billion derived from export sales. (Kontan) 
• PT Bank Pembangunan DKI Jakarta (Bank DKI) is currently stopping foreign currency loans due to foreign exchange funding is relatively difficult, especially with the condition of Rupiah that being weakened. However, the management claim that the dismissal of foreign currency loans is does not give effect to Bank DKI because the demand is not much.
  
  forex loans of Bank DKI almost Rp 1 trillion and this foreign currency loans supported by foreign banks such as Standard Chartered Bank (still in the process) and HSBC worth of U.S. $ 20 million. The new company intends to enter into foreign currency loans if the net interest margin (NIM) was good.

for Indonesia Market Summaries 17 July 2013