Indonesia Market Summaries 9 July 2013

• PT Bakrie Sumatra Plantations Tbk (UNSP, Rp51) intends to sell the company's assets, six oil palm plantation in Sumatra. Asset sales made ​​to cover short-term debt of the company. Total land area that will be sold are 30,000 acres.
  
  The oil palm plantations spread in Sumatra, precisely in the province of South Sumatra and Jambi. In addition to cover short-term debt, it is also requires for maintenance costs.
• PT Mustika Ratu Tbk (MRAT, 500) plans to build an apartment unit, shop, and warehouse in Bekasi, West Java, in early 2014. Total investment to prepare this project reach Rp190 billion, about 85 billion dollars (50%) will be supported by internal funds, while the remaining 50 percent will be obtained through a bank loan facility.
• Motorcycle (2W) sales throughout the semester I/2013 up 6% YoY to 3.9 million units. Sales in June alone accounted for 661,282 units, representing a growth of 22% yoy on a low base calculation after enactment DP minimally effective in June 2012.
  
  |Achievement of the motorcycle sales in June was up 2.6% on a monthly basis in line with the height of the purchase before and during the month of Ramadan. The seasonal increase will be reflected in sales this month and will go down in August due to fewer working days. (Investor Daily)
• JPMorgan Cleaning Corp., a subsidiary of JPMorgan Securities, bought 248.28 million (5.18%) shares of PT Tower Bersama Infrastructure Tbk (TBIG, Rp5.150). Assuming the transaction is carried out by the current market price, then the sale of the majority shares of the issuer owned by Saratoga Capital and Provident Capital was performed at Rp1, 27 trillion. (Investor Daily)

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