Situs Pengganti The Pirate Bay

Bagi anda yang gemar men-download via torrent pasti akan merasakan kehilangan, karena thepiratebay tidak bisa diakses(www.thepiratebay.org / www.thepiratebay.se).

Kemana situs the pirate bay?

karena dianggap melanggar kekayaan hak intelektual, kepolisian Swedia menggrebek pusat data Situs tersebut.

Situs pengganti The Pirate Bay

Buat para maniak download, penutupan situs the pirate bay tentu akan menyusahkan. Tapi jangan khawatir karena IsoHunt - situs torrent populer - baru saja meluncurkan situs anyar pencari torrent yang yang sangat fungsional, oldpiratebay.org.


Lewat situs tersebut, anda dapat mencari arsip-arsip the pirate bay, memang bukan sesuatu yang baru mengingat arsip-arsip tersebut sudah ada di publik selama bertahun-tahun. Meski begitu, kehadiran oldpiratebay.org ini dapat sedikit membantu.

Yang jadi pertanyaan adalah, kenyataan bahwa situs baru ini dibuat oleh Isohunt, yang dikenal sebagai kompetitor potensial the pirate bay.


Walau dianggap sebagai situs mirror dari yang aslinya, oldpiratebay.org akan sangat berguna sekali, karena memiliki sistem pencari yang fungsional, magnet link-nya bekerja baik dan menampilkan semua halaman-halaman lama bahkan ada konten-konten baru yang diupload setiap saat.

Masih belum terungkap apa maksud Isohunt dari peluncuran oldpiratebay.org ini, dapat dilihat pada saat pengumuman situs baru ini yang terdengar tulus bahwa:

"Seperti anda semua ketahui bahwa situs tercinta pirate bay telah tiada saat ini. Semua akan merasa kehilangan. Situs ini akan selalu dikenang sebagai gerakan kebebasan dan berbagai hal-hal yang mungkin di dunia maya.

Untuk menghormatinya, kami membuat situs pencari oldpiratebay.org. Kami dari tim isohunt.to, menyalin basis The Pirate Bay agar dapat diselamatkan bagi generasi-generasi penggunanya. Sehingga tak ada yang akan dilupakan.

Jadi torrent jalan terus, generasi pecinta kebebasan. Hanya karena anda mampu menghapus The Pirate Bay dari internet, bukan berarti anda dapat menghancurkan warisan situs perintis ini."
[isohunt via Venturebeat]

source: http://gizmodo.com/another-torrent-site-has-resurrected-the-pirate-bay-1670450805

Indonesia Market Summaries 8 September 2014

FX reserve continues to pick up. Foreign exchange reserve currency (cadev) continue rising. Foreign exchange is USD 111.2 billion in August, in line with Mandiri Securities  projections of USD 111 billion to USD 112 billion. The position is the fifth consecutive increase since March.

In general, cadev equivalent to 6.5 months of import value, or 6.3 months of imports and government foreign debt payments, still above the international standard 3 months of imports. (Bank Indonesia).

PT Ciputra Property Tbk (CTRP, Rp720) to prepare capex IDR 1.5 Trillion. CTRP prepare a capital expenditure (capex) of IDR 1.5 trillion (IDR 800 billion to IDR 700 billion for construction and land) project aimed at Rosewood Hotels and Villas in Tabanan, Bali. Construction will start in early 2015 and is predicted to finish in 2 years. (Bisnis Indonesia)

PT Summarecon Agung Tbk (SMRA, Rp1.230, BUY, TP Rp1.550) to issue bonds IDR 700 billion. SMRA will issue bonds worth IDR 700 billion, which will be divided into two types, namely conventional bonds and sukuk. Both will have a tenure of 5 years and a coupon of about 11-12%. Funds will be used for the issuance of land acquisition. (Bisnis Indonesia)

for Indonesia Market Summaries 8 September 2014

Indonesia Market Summaries 5 September 2014

PT Modernland Realty Tbk (MDLN, Rp510, NEUTRAL, TP Rp510) to revise marketing sales target to IDR 3.8 trillion. MDLN decided to revise the target company's marketing sales in 2014 to IDR 3.8 trillion from IDR 4 trillion since the launch of the bari project in the first semester of 2014 is lower than the target.

Pre-sales for 7M14 reached IDR 1.88 trillion (49.5% of the target). The company is optimistic to achieve the new targets by launching two new housing clusters in Jakarta Garden City in the second semester of 2014 and the contribution of Cikande Modern Industrial Estate. (Bisnis Indonesia)

PT Kresna Graha Sekurindo Tbk (KREN, Rp 405) intends to rights issue worth IDR 2 trillion. The step is a part of restructuring of the company into a group holding company, and will acquire Affiliate company in the insurance sector and the property. (Kontan)

Astra Group targeting Mulut Tambang power plant project worth USD 900 million in South Sumatra through tenders. Tender was followed by the Astra Group through PT United Tractors Tbk (UNTR, Rp 21.475, NEUTRAL, TP Rp 23.000) subsidiary', PT Pamapersada Nusantara (PAMA). (Investor Daily)

Division of Flour, PT Indofood Sukses Makmur Tbk (INDF, Rp 7.050, BUY, TP Rp 8.200) is targeted to achieve Bogasari revenue IDR 19.6 trillion this year, up 5% from last year. The target was supported by an increase in demand for capacity on the market, but there is no expansion this year. (Bisnis Indonesia)

for Indonesia Market Summaries 5 September 2014

Indonesia Market Summaries 4 September 2014

Minister of Finance expects the fiscal position to REMAIN safe without Subsidized fuel price hike. The fiscal deficit as of July recorded IDR 68 trillion or 0.68% of GDP, still far from the target IDR 241,5 trillion or 2.4% of GDP. The surge in government spending is predicted to occur in November and December.

In the calculation of the Ministry of Finance, the increase in fuel price of Rp 1,000 per liter and 3,000 rupiah per liter in November can save subsidies amounting to IDR 7 trillion and IDR 21 trillion.

If the fuel price increased 1,000 per liter in January 2015, significant savings rose to IDR 48 trillion, assuming there are as many as 48 million kilo liters subsidy quota. In terms of the consumer price index (CPI) rise in fuel prices per liter Rp.1000 will add inflation by 1,5ppt. (Koran Tempo)

Ciputra-Trisula to invest IDR 5 trillion for superblock project. PT Ciputra Property Tbk (CTRP, Rp 740) with Trisula Group plans to develop an area of ​​7.4 hectare superblock on Puri land area, West Jakarta, with a total investment of IDR 5 trillion. The project will be divided into three phases over a period of 7 years.

Development of the first phase, which includes two office towers, one apartment, will cost 1.5 trillion and will be completed within 3 years. Trisula will account for 45% of total funding while the CTRP will cover the rest. (Bisnis Indonesia)

Ciputra Group intends to hold an IPO on the Singapore Exchange in th next 2 years. The company that will be listed are the International City Holdings Pte Ltd, to work on overseas property business. (Kontan)

PT Telekomunikasi Indonesia Tbk (Telkom, TLKM, Rp2.725, BUY, TP Rp2.900) to explore option of divesting 20% stake in Telkom Sigma. TLKM still exploring the options to divest 20% stake in Telkom Sigma, which provides data center services. Based on information from the company, the action targeting prospective new partners to grow the business. (Investor Daily)

for Indonesia Market Summaries 4 September 2014

Indonesia Market Summaries 3 September 2014

PT Newmont Nusa Tenggara (NNT) agreed on terms of mining contract. NNT agrees six principal to renegotiate mining contracts with the government. With the renegotiation, Newmont will be allowed to resume exports to 200,000 tonnes of copper concentrate (USD 400 million) by the end of 2014. (Investor Daily)

PT Agung Podomoro Land Tbk (APLN, Rp 369, BUY, TP Rp430): Moving to the north. Indra Wijaya, Vice President Director of APLN, to discuss reclamation project run by APLN.

For land reclamation (including infrastructure and CSR), the company believes that the pre-sales of Pluit City can cover the initial load. We assign a BUY recommendation back to the main catalyst permits the issuance of project execution. (Mandiri Sekuritas)

Jababeka-Pelindo II to prepare capex IDR 580 billion. PT Kawasan Industri Jababeka Tbk (KIJA, Rp 292) and PT Pelabuhan Indonesia II (IPC II) prepared a capital expenditure (capex) of USD 50 million (IDR 580 billion) to develop 40-50 hectares Special Economic Zones (SEZs) in Tanjung Dimples, Banten .

The funds will specifically be used to build the ship terminal and supporting infrastructure and other facilities property. KIJA and  IPC will have a 50% part each in the project. In addition to the IPC II, KIJA also with PT Garuda Indonesia Tbk (GIAA, Rp 434) and PT Jasa Marga Tbk (JSMR, Rp 6.350, NEUTRAL, TP Rp 6.200) in developing Tanjung Dimples. (Bisnis Indonesia)


PT Semen Indonesia Tbk (SMGR, Rp 16.450, BUY, TP Rp 18.300) to enter the property business. SMGR plans to enter the property and infrastructure sectors. For the property, the company will cooperate with PT Wijaya Karya Tbk (WIKA, Rp 2.855, BUY, TP Rp 2,300) to create a new joint venture subsidiary. Currently, the company already has 200 hectares of land in Gresik, East Java. (Investor Daily)


PT Hexindo Adiperkasa Tbk (HEXA, Rp 3.680, BUY, TP Rp 4,250) targets to reduce its bank loan. HEXA plans to decrease the number of its bank debt from USD 66 million to USD 7 million in March 2015 Until July, HEXA still owes USD 48.4 million.

A lower position in bank debt will make the company's financial statements are healthier and lower interest expense. In the 2013 financial statements, the company's interest expense portion was 2.8% of total net income. (Bisnis Indonesia)

for Indonesia Market Summaries 3 September 2014

Indonesia Market Summaries 2 September 2014

PT XL Axiata Tbk (EXCL, Rp 6,000, BUY, TP Rp 6.900) to Realize IDR 1.31 trillion sale of treasury stock. EXCL will sell 231.11 million treasury shares (2.7% of the total shares owned by the company) worth IDR 1.31 trillion, with an average price per share Rp 5.708. The gain is estimated at around IDR 98 billion and will be used for business expansion. (Kontan)

PT Alam Sutera Realty Tbk (ASRI, 500, NEUTRAL, TP Rp 680) to focus on completion of two office building projects. ASRI said it will focus on the completion of two office projects (The Tower and The Prominence) and will not start a new project until the end of this year. Another project that has been running by ASRI is Silk Victorian cluster, Superblock City of Ayodhya, and Garuda Wisnu Kencana. (Kontan)

Ciputra to work on projects valued at IDR 4.2 trillion offices. PT Ciputra Property Tbk (CTRP, Rp 745) works on four office projects worth 4.2 trillion starting 2014 and will be completed within 3 years. All four are in South Jakarta, West Jakarta and Central Jakarta. The area of ​​the project is expected to reach 410,000 square meters. (Investor Daily)


PT Waskita Karya Tbk (WSKT, Rp 910, NEUTRAL, TP Rp 600) set aside 3 trillion to work on the highway Legundi-Bunder in East Java who entered the bidding process. Through its subsidiary, PT Waskita Toll Road, WSKT already established a joint venture called PT Waskita Earth Legundi. (Investor Daily)


for Indonesia Market Summaries 2 September 2014

Indonesia Market Summaries 1 September 2014

PT Aneka Tambang Tbk (ANTM, Rp 1.195) to Obtain new loan USD75mn. ANTM will get a new loan worth $ 75 million (IDR 877,95 billion) from PT Bank UOB Indonesia. The credit will be used to meet the capital expenditure (capex) of 2015. (Kontan)

PT Telekomunikasi Indonesia Tbk (Telkom, TLKM, Rp 2.685, BUY, TP Rp 2,900) plans to divest 20% stake of PT Metra TV. TLKM plans to divest 20% stake in TV Metra to develop a streaming TV and Internet Protocol TV business (IPTV). Further details have not been delivered by the company. (Kontan)

Telkom and Telstra plan to provide the cloud computing service. TLKM and Telstra plans to provide cloud computing services began 2015. Telstra will provide network services and applications (NAS) for local and foreign corporate customers. Based on the company, both companies have approved the agreements to establishing the joint venture (JV). (Bisnis Indonesia)

PT Surya Semesta Internusa Tbk (SSIA, Rp 810) to expand in West Java. SSIA will expand in West Java through three projects. All this three are Surya Cipta Industi Karawang third phase, Technopark estatem, and additional new industrial land. The company is optimistic to meet the revenue target of IDR 4.5 trillion-5 trillion and net profit of IDR 400 billion to 500 billion this year. (Kontan)


PT Pakuwon Jati Tbk (PWON, Rp 434, BUY, TP Rp 510) to build the superblock in South Jakarta. PWON plans to build three superblock in South Jakarta began 2015. The Sources of funding will come from internal cash and presales revenue. The new project will be developed in an area of ​​4.2 hectares that have been acquired in TB Simatupang. (Kontan)


for Indonesia Market Summaries 1 September 2014

Indonesia Market Summaries 28 August 2014

PT Pertamina re-opened the tap of subsidized fuel. This means that the use of subsidized fuel control process carried out by Pertamina to reduce the distribution of premium 5% and subsidized diesel 15% to 20% since August 18 has stopped. Marketing and Commercial Director of Pertamina, Mr Hanung Budya said, without any control of subsidized fuel, fuel subsidy quota this year of 46 million kiloliters will be exceeded. Pertamina predicts, the quota of fuel subsidy will be at 1.3 million to 1.5 million kiloliters. (Kontan)

PT Energi Mega Persada Tbk (ENRG, RP 90) exploring a new loan to pay off short-term debt of $ 250 million. Parties to the company said it is looking for a new loan with low interest to save the burden to be borne by the company. President Director of PT Energi Mega Persada Tbk (ENRG), Imam Agustino said that the loan is expected to be obtained before the end of 2014. (Bisnis Indonesia)

PT Berau Coal Energy Tbk (BRAU, Rp111) intentions to boost coal production this year,  finally approved by the government. Ministry of Energy and Mineral Resources (ESDM) finally provide the additional quota of BRAU production to as much as 1.85 million tons to 24.2 million tons. (Kontan)


PT Semen Indonesia Tbk (SMGR, Rp 16.400, BUY, TP Rp 18.300) will conduct its financial efficiency. The trick is, issuers run cash pooling system, which is to manage the entire financial surplus (excess cash) of its operational company to one financial container in the holding company. (Kontan)


for Indonesia Market Summaries 28 August 2014

Indonesia Market Summaries 27 August 2014

The dispute between the PT Newmont Nusa Tenggara with the Indonesian government in the International Arbitration Court officially ended. Newmont through its parent company - Newmont Mining Corporation - has revoked the lawsuit. This revocation was announced through the official website of Newmont Mining Corporation on Wednesday, August 27th 2014 (Kontan)

PT Bakrieland Development Tbk (ELTY, USD 50) claimed to have received interest on convertible bonds issued by PT Madison Global. The interest should be paid on August 7, 2014, PT Madison Global as an affiliated parties has not received payment to date. (Kontan)

The potential rise in interest rates of Federal Reserve (The Fed) in coming year believed would trigger an increase in the BI Rate by 50 bps to a level of 8%. However, a number of the optimistic performance of national banks in 2015 will be better than this year. (Bisnis Indonesia)

Once exposed to the suspension over a significant increase, the authority Indonesia Stock Exchange (IDX) opened padlock stock trading PT ICTSI Jasa Prima Tbk (KARW, Rp 215) Wednesday, 27 August 2014. According to official information from IDX, transactions for KARW stock re-opened as of the first trading session today. Shares of the company closed down -9.66% today. (Kontan)

PT Smartfren Telecom Tbk (FREN, RP70) prepared to pay interest on bonds worth IDR 12.06 billion. The bonds worth IDR 675 billion. FREN provide 12.375% fixed interest per year. The bond matures on March 15, 2012. (Kontan)


for Indonesia Market Summaries 27 August 2014

Indonesia Market Summaries 26 August 2014

PT Nusantara Infrastructure Tbk (META, Rp 209) targets 25% revenue contribution from telecommunication tower by 2017. META owned 500 Base Transceiver Station (BTS) towers per July and intends to add 350 towers again until the end of the year.

Revenue from the toll road is still at 89% of total revenue in the first quarter of 2014. META also participated in this divestment plan tower of PT XL Axiata Tbk (EXCL, Rp 5.675, BUY, TP Rp 6.900). (Bisnis Indonesia)


PT Metrapolitan Land Tbk (Metland, MTLA, Rp421) to develop CBD in Cileungsi.  The development comprises of apartments, offices, malls, and hotels in Cileungsi, Bogor, on an area of ​​15 hectares. The company  predicted the total development time for 5-10 years. The first phase of construction on 2.5 hectares of land targeted for completion in 2015 and began operations in 2016. (Investor Daily)

Issuer of coal companies are busy to restructure their debt maturities under 5 years old. Some of these include PT Delta Dunia Makmur Tbk (DOID, Rp 207), PT Berau Coal Energy Tbk (BRAU, Rp 111), and PT Bumi Resources Tbk (BUMI, Rp 201). (Bisnis Indonesia)

Profidence Capital Partners - a US-based private equity fund- is rumored to be taking part in the auction tower of PT XL Axiata Tbk (EXCL, Rp 5.725, BUY, TP Rp 6.900). Another auction participants are PT Tower Bersama Infrastructure Tbk (TBIG, Rp7.675, BUY, TP Rp7.200) and PT Solusi Tunas Pratama Tbk (SUPR, Rp9.900). (Investor Daily)

Shareholders of PT Cipta Marga Nusantara Persada Tbk (CMNP, Rp 4.180) allegedly taken over PT Cipaganti Citra Graha Tbk (CPGT, Rp 111). CMNP shareholder is considered to have closeness with founder of Koperasi Cipaganti Karya Guna Persada. (Investor Daily)

for Indonesia Market Summaries 26 August 2014

Indonesia Market Summaries 25 August 2014

PT Acset Indonusa Tbk (ACST, Rp 3.245) intends to expand its business into two new segments. Both are rental and sales of construction and heavy equipment; rental and sales of tower crane and passanger hoist. (Investor Daily)

The value of the acquisition of two subsidiaries, PT Benakat Integra Tbk (Bipi, Rp 121) by PT Saratoga Investama Sedaya Tbk (SRTG, Rp 5.000) fell to USD 60 million from the initial USD 78.5 million. The value of the purchase by SRTG subsidiary - Interra Resources Ltd - is based on consideration of oil reserves. (Investor Daily)

The new government Jokowi-JK intends to increase high-level income tax, above 500 million per year. The new government also intends to grant tax amnesty for entrepreneurs who intend to bring home money from abroad. It is not yet fully confirmed because there are pros and cons. (Kontan)

PT Bumi Resources Tbk (BUMI, Rp 196) of Bakrie Group, get approval from its subsidiary bondholders to extend the repayment period up to 2018. The Bondholders of BUMI subsidiary named Enercoal, also agreed to decrease to 6% coupon bonds of the previous 9 5%. (Kontan)

Issuers of industrial land, PT Surya Semesta Internusa Tbk (SSIA, Rp 835) considering to take loan from a number of local and foreign banks  amount of USD 126 million, equivalent IDR 1.46 trillion. The Funds will be use to rebuild the SSI Tower office building in Jakarta. (Bisnis Indonesia)

Asia Link Pte Ltd and issuers pay TV of Lippo Group, PT First Media Tbk (KBLV, Rp. 2,200) intends to release its subsidiary, PT Link Net Tbk (LINK, Rp 6.650) through private placements. If the release is realized as much as 1.82 billion shares (60%), the potential of fund obtained by both shareholder is IDR 12.1 trillion. (Bisnis Indonesia)

for Indonesia Market Summaries 25 August 2014

Indonesia Market Summaries 22 August 2014

21.4km, US$300mn Depok - Antasari toll road concession may be signed end of this month. Depok - Antasari toll road concessionaires was the  PT Citra Marga Nusaphala Persada Tbk (CMNP, Rp 4.270), PT Waskita Karya Tbk (WSKT, Rp 930, NEUTRAL, TP Rp 600), PT Pembangunan Perumahan Tbk (PTPP, Rp 2.470, BUY, Rp 2.100 TP) and PT Karya Hutama.

Construction will likely be carried out for members of the concession holders, except CMNP. The first phase of land acquisition has reached 65% of target and groundbreaking has been done on May 2014. Traffic figure is predicted to reach 47,000 per day. (Investor Daily)

PT Telekomunikasi Indonesia Tbk (TLKM, Rp 2.690, BUY, TP Rp 2,900) to invest IDR 1 Trillion to the Middle East. The Company plans to invest IDR 1 trillion to expand into the Middle East at the end of 2014, which will begin with a Mobile Virtual Network Operator (MVNO). (Investor Daily)

PT Bumi Serpong Damai Tbk (BSDE, Rp 1.640, BUY, TP Rp 2,000) to expand in Second Semester of 2014. The Company has budgeted capital expenditure (capex) 1.2 trillion for the second semester of 2014. Some of the company's projects in the period that includes the launch of a new cluster in the Grand Wisata Bekasi and Kota Wisata Cibubur, also home and commercial building projects in Manado and Balikpapan. (Kontan)

PT Darma Henwa Tbk (DEWA, Rp 50) targeting the port operator company. This was done to smooth the intention of the company into an integrated mining services company. (Investor Daily)

for Indonesia Market Summaries 22 August 2014

Indonesia Market Summaries 21 August 2014

PT XL Axiata Tbk (EXCL, Rp 5.700) gain a net loss in the first semester of 2014 worth IDR 482,52 billion, fell from net profit in the first semester of 2013 worth IDR 670,43 billion. The net loss is due to the operating expenses, IDR 11,13 trillion, raised 23.26% from the first semester of 2013 of operating expenses, IDR 9,03 trillion. (Bisnis Indonesia)

PT Elnusa Tbk (ELSA, Rp695) established two new subsidiaries in the oil and gas sector to boost its performance. Specifically, these subsidiaries provide operational support services activities engaged in the energy field, including companies in the oil and gas sector. The subsidiary is fully owned by ELSA, 99.99% . (Kontan)

Otoritas Jasa Keuangan (OJK) is preparing three draft regulations on the finance company that is expected to rise in the near future. The three draft are RPOJK (draft regulations of OJK) on Business Licensing and Institutional of Financing Company, RPOJK on the Implementation of the Business and Finance, and RPOJK on Good Governance for Financial Services. (Bisnis Indonesia)

Indonesia Stock Exchange (IDX) labeled the stock of PT Maskapai Reasuransi Indonesia Tbk (MREI, Rp 5.900) as unusual market activity (UMA). This is because the stock is rising out of the ordinary compared to the previous period. On August 14, the company's shares are at Rp 3.100 and up until this day never reaches Rp 6.900. (Kontan)

PT Multipolar Tbk (MLPL, Rp795) net income in the first semester of 2014 dropped by 95.67% over the same period last year (year-on-year). Net profit of the issuer owned by the Lippo Group, June 2014 stood at only IDR 63.85 billion. (Kontan)

for Indonesia Market Summaries 21 August 2014

Indonesia Market Summaries 20 August 2014

PT Kustodian Sentral Efek Indonesia (KSEI) will make it easier for potential investors to buy shares of the issuer that are being held an initial public offering (IPO). "On the Future, we want the investors to buy IPO shares through ATM using AKSes Card," said Heri Sunaryadi, Director of KSEI. (Kontan)

PT Pemeringkat Efek Indonesia (Pefindo) confirms the idAA rank for bonds issued by PT Summit Oto Finance (SOFN). Bonds that are ever issued is Bond IV / 2010 D series, which will due on October 28, 2014 amounting to IDR 300 billion.

The SOFN readiness to pay off maturing bonds are supported by cash and cash equivalents that at the end of June 2014 amounted to  IDR 357,6 billion and unused credit facilities amounting to IDR 6.8 trillion. (Bisnis Indonesia)

President-elect Joko Widodo will focus on priority programs in education and health, such as Indonesia Smart Card and Card Healthy Indonesia, for the coming reign. This is because the State Budget draft (RAPBN 2015) does not provide sufficient fiscal space to work on major programs. (Bisnis Indonesia)

PT Bank Victoria Tbk (BVIC, Rp 125) reported loan disbursements in the first semester of 2014 reached IDR 96 billion. "As of June 2014, total loans of IDR 96 billion, the CAGR of 18.6% from December 2011," said Deputy CEO of Bank Victoria, Mr Anthony Soewandy in Jakarta, (inilah.com)

for Indonesia Market Summaries 20 August 2014

Indonesia Market Summaries 19 August 2014

The government plans to limit coal production in 2015-2030.
Quota is likely set at 425 million tons/year. In addition, domestic consumption of coal is assumed to be 98 million tons/year and up 8%/year. The policy will be introduced in October 2014. (Kontan)

PT Indosat Tbk (ISAT, Rp 3.885) ongoing plans to issue bonds of worth a total of IDR 10 trillion. For the first phase, the company will issue bonds worth of IDR 2 trillion to 3 trillion. Funds from the bond issuance will be used to restructure debt and fund capital expenditures. (Bisnis Indonesia)

Otoritas Jasa Keuangan (OJK) preparing a draft of six rules of Sharia Capital Market which is expected to be completed before the end of 2014. The rules were set up to facilitate the issuance of Sharia securities in the capital markets. (Bisnis Indonesia)

PT Pembangunan Jaya Ancol Tbk (PJAA, Rp1,200) intends to build an international recreation parks worth IDR 1.6 trillion, that is conveniently located next to the Dunia Fantasi, Ancol. Construction began in 2016 and will start operating in 2018. (Bisnis Indonesia)


for Indonesia Market Summaries 19 August 2014

The 22nd Indonesian International Motor Show (IIMS 2014)

The year of 2014 will be a crucial year for the development of the global automotive industry. The predicted world vehicle sales will reach 85 million units. While the national automotive market was projected to have significant potential for growth.

 Gabungan Industri Kendaraan Bermotor Indonesia (Gaikindo) has an ambition to bring Indonesia's automotive industry being the largest in Southeast Asia. The achievement of national automotive production and sales in 2013, which reached 1,229,903 units, the association said sales target to penetrate target figure of 1.1 million units.

Implementation of the Indonesia International Motor Show (IIMS), will be a barometer of the passion and the purchasing power of the domestic market because it is able to attract the attention and curiosity of the public on the development of Indonesia's automotive industry. Various products with the latest technology that is present in the IIMS 2013 was recorded successfully. IIMS attracted 373,661 visitors, and managed to record a transaction value of more than IDR 4.9 trillion. 

Enhance the Quality of IIMS 2014

In this implementation of IIMS 22nd, the committee will focus on quality, improvement and maximization in all elements of the exhibition IIMS 2014. such as:

• Innovate and anticipate the needs of increasing event area
• Optimizing the use of event area in the same venue and raise occupancy of area use by 10% from last year.
• Able to meet the expectations of participants IIMS 2014.
• Facilitate visitors with easy transportation to and from IIMS 2014, more exhibition area and excellent programs of IIMS 2014.

The 22nd Indonesian International Motor Show (IIMS 2014) is scheduled to take place on 18 to 28 September 2014. Gaikindo will collaborate Dyandra Promosindo to organize the biggest automotive exhibition. Dyandra has launched the program for the Agent licensee (APM) of GAIKINDO members on Wednesday, January 8, 2014.

Like the previous exhibition, all APM expressed its readiness to show it's creativity in technology, products, and the newest innovation in IIMS 2014. A total of 38 brand of Gaikindo members consist of 29 passanger cars and 9 commercial vehicles  will again participate in IIMS 2014.

The IIMS 2014 will occupy the entire area of ​​the hall, Hall A, B, C, and D, as well as the entire outdoor area of JIExpo - Kemayoran.

for Indonesia Market Summaries

Indonesia Market Summaries 18 August 2014

PT Semen Indonesia Tbk (SMGR, Rp16.625, BUY, TP Rp18.300) targeting revenue growth of 120% for the second semester of 2014 compared to the previous semester. The Company is optimistic that the target can be realized due to the company's production lines have to meet national demand for cement. (Bisnis Indonesia)

PT Pembangunan Jaya Ancol Tbk (PJAA, Rp1.195) intends to build a recreational park in Solo and Cibodas. Nevertheless, the company still has not received permission from the local government to build a recreational park in Cibodas. (Kontan)

MDS Investment Holding Ltd. controls 25.6% of PT Prime Gapuraprima Tbk (GPRA, Rp371). MDS collecting GPRA shares since July. On July 14, MDS buy 15.4% of GPRA stake from International Leasing & Investment Company from Kuwait. In late July, MDS buy another 10.2% of GPRA stake from PT Citra Abadikota Persadana. (Investor Daily)

PT Media Nusantara Citra Tbk (MNCN, Rp 2,900) intends to increase the loan to $ 250 million from the initial amount of $ 150 million which the company acquired from Deutsche Bank and Standard Chartered. The plan was carried out by taking the greenshoe option. (Investor Daily)


for Indonesia Market Summaries 18 August 2014

News Market 14 August 2014

PT Intiland Development Tbk (DILD, Rp 498) to prepare capex IDR 800 bn. DILD will prepare a capital expenditure (capex) of about IDR 700 billion to IDR 800 billion in the second semester of 2014 for construction projects such as property and land acquisition in TB Simatupang and Office Tower Spazio. Source of funding through internal funds and bank loans amounting IDR 350 billion to IDR 400 billion. (Investor Daily)

PT Semen Indonesia Tbk (SMGR, Rp 16.550, BUY, TP Rp 18.300) to create 4 new subsidiaries in 2014. SMGR is preparing the establishment of four new subsidiary company in the field of property, infrastructure, power plant, and precast concrete. The four companies will be set up at 014 to compete with the global cement companies like Lafarge, Cemex and Holcim. (Kontan)

PT Adaro Indonesia Tbk (ADRO, Rp 1.285, BUY, TP Rp 1.450) reports increase is in coal production for 1H14. ADRO reported coal production of 27.83 metric tons (mt) in the first semester of 2014, up 11.6% compared to the first semester of 2013 amounted 24,94mt.
The increase came from Balangan mine which start production in the second quarter of 2014. In addition, the coal production of Balangan is predicted to reach 1mt this year. (Kontan)


for Indonesia Market Summaries 8 August 2014

Indonesia Market Summaries 15 August 2014

PT Asuransi Jiwasraya Management rejected acquisition plan by PT Bank Rakyat Indonesia Tbk (BBRI, Rp 10.825, BUY, TP Rp 12.850). Jiwasraya questioned the urgency of annexation among state-owned company (BUMN) because the company's performance has started to rise and have recovered from financial difficulties. (Bisnis Indonesia)

PT Telekomunikasi Indonesia Tbk (TLKM, Rp 2.755, BUY, TP Rp 2,900) plans to invest 200 million dollars, or about IDR 2.3 trillion into the digital creative industries sector. One that will do is invite the cooperation of several companies in Silicon Valley.
One of them is Fenox Venture Capital. In this partnership, Telkom investments made ​​through the efforts of its subsidiary, Metra Digital Investama. (Kompas)

PT Perusahaan Gas Negara Tbk (PGAS, Rp 5.850, BUY, TP Rp 6.650) put gas refueling facilities including mobile refueling unit (MRU) in Pluit reservoir area, North Jakarta. The facility is expected to facilitate user to get the gas fuel more easier. MRU in Pluit Reservoir can serve 500 vehicles per day.
Head of Corporate Communications of PGN, Mr Ababil Rida said the MRU placement in Pluit Reservoir is done in conjunction with the Asia Pacific Mayors Forum currently that is being held in Jakarta. (Kompas)

Otoritas Jasa Keuangan (OJK) said that the Indonesia Stock Exchange (IDX) is ranked third in market capitalization growth stocks in Asia in the first half of 2014. This was revealed in the OJK's performance exposure of Indonesia Stock Exchange (IDX) from January to August 2014.
"In capitalization, we also were third with 24.8% capitalization growth, Thailand 28.89%, while India 25.54%," said Nurhaida, The Chief Executive functioning as Capital Market Supervisor in Indonesia Stock Exchange Building, Jakarta. (Kompas)


for Indonesia Market Summaries 15 August 2014

Indonesia Market Summaries 3 July 2014

PT Hexindo Adiperkasa Tbk (HEXA, Rp 3.590, BUY, TP Rp 4,250): Inline FY recurring net income. HEXA recurring net income for fiscal year of 2013 and 2014 in line with analist predictions (104%) and consensus (98%) (HEXA financial statements based on the fiscal year ending March 2013 and 2014).


We liked the HEXA performance because the company will be the beneficiary of the booming infrastructure budget after the election. We adjust our assumptions again and reassign BUY recommendation with TP revised to Rp 4,250, from the previous of Rp 5.450. (Mandiri Sekuritas)

The Indonesia Government will issue euro-denominated global bonds worth 1 billion euros (equivalent IDR 16,3 trillion) in the near future. Government with Bank of America Corp., Citigroup Inc., and Deutsche Bank as underwriters of its publication. The Bonds will be tenured 7 years and the coupon in the range of 195 bps to 210 bps above the median rate swaps Europe. (Kontan)

PT Mitra Investindo Tbk (MITI, Rp 201) will remove the granite quarry business if the acquisition by Saratoga through the Goldwater Group Pte been completed. In addition to his new business to focus on oil and gas, the company assesses granite reserves held just enough for the next 5 years. (Kontan)

PT Acset Indonusa Tbk (ACST, Rp2.350), The general contractor and foundation issuer, get credits worth IDR 250 billion from PT Bank Danamon Indonesia Tbk (BDMN, Rp 4.205, NEUTRAL, TP Rp 4,200). The loan tenure of 3 years. (Investor Daily)


PT Garuda Indonesia Tbk (GIAA, Rp 429) get a loan worth USD 200 million, equivalent to IDR 2.4 trillion. The loan that was originated from the six banks will be used for expansion. These six banks are PT Bank Pan Indonesia Tbk (Bank Panin, PNBN, Rp850, BUY, TP Rp1.000), Dubai Islamic Bank, Emirates NBD, First Gulf Bank, Standard Chartered, and Warba Bank. (Bisnis Indonesia)

Four tower issuers eyeing tower auction of PT XL Axiata Tbk (EXCL, Rp5.225). The four are PT Tower Bersama Infrastructure Tbk (TBIG, Rp7.975, BUY, TP Rp7.200), PT Sarana Menara Nusantara Tbk (TOWR, Rp3.970, NEUTRAL, TP Rp3.750), PT Solusi Tunas Pratama Tbk (SUPR, Rp8.250), and PT Inti Bangun Sejahtera Tbk (IBST, Rp3.175). (Investor Daily)


for Indonesia Market Summaries 3 July 2014

Indonesia Market Summaries 2 July 2014

PT XL Axiata Tbk (EXCL, Rp 5.075) to sell towers in 2H.
EXCL plans to sell part of its telecommunication towers in the second half of 2014 and will use the fund to proceeds the pay off of a portion of its debt which amounting to IDR 22 trillion (USD 1.9 billion).


The company has formed a bid committee to make recommendations to the board of commissioners and directors of the company. Although not mentioned the details of the number of towers that are intended to be sold, the company had mentioned will sell approximately 7,000 towers in the price of 9 to 10 times from EBITDA  tower business. (Bisnis Indonesia)


PT Bank Rakyat Indonesia Tbk (BBRI, Rp10.375, BUY, TP Rp12.100) allocates Rp 3 trillion on acquisition. BBRI allocated 3 trillion for investment in order to create inorganic growth. Currently, the company is following due diligence on the acquisition of PT Bank Mutiara Tbk (BCIC, Rp50) and two insurance companies. (Investor Daily)


PT Newmont Nusa Tenggaran complained Indonesia to the International Arbitration. Complaints that aims to overturn a ban on the export of raw mineral policy, whereas NNT have got delays on exports ban until 2017. (Kontan)


for Indonesia Market Summaries 2 July 2014

The government to Renegotiate LNG Tangguh Price with South Korea

Following the success of renegotiate the price of LNG Tangguh to China, the government also intends to renegotiate the price of LNG to South Korea, which is K-Power and Posco.


In the 20-year tenured contracts, LNG prices for both companies is USD 4.1 / MMBTU with a total sold volume of 1 million tons/year, which is distributed by the same amount to the two companies.


The government's efforts at this time is to raise the price of LNG to USD 8 / mmbtu. The challenge was very hard. One of the employees of SKK Oil and Gas stated, not like the treaty with China, there is no clause of price change with the South Korea. (Bisnis Indonesia)


for Indonesia Market Summaries 2 July 2014

Indonesia Market Summaries 1 July 2014

PT Pakuwon Jati Tbk (PWON, Rp 346, BUY, TP Rp 430) issued global bonds of $ 168 million. The number was lower than the company's previous targets of USD 175 million. Five-year bond was set 7.125% coupon. Value of the bond issuance is the maximum amount that can be issued by PWON today.


PWON itself now has a long-term bank debt amounted to IDR 1.28 trillion. PWON's total liabilities reached IDR 5.1 trillion and the equity Rp 4.5 trillion. Debt rtio to PWON' equity determined not be more than 50%. (Kontan)


PT Summarecon Agung Tbk (SMRA, Rp 1.115, BUY, TP Rp 1.550) build Summarecon Digital Center (SDC) as the first IT and the gadget center in Gading Serpong with an investment of IDR 200 billion. SDC is a commercial center that provides information technology needs such as computers, gadgets and other mobile technologies.
SDC Serpong has a wise area of ​​32395.21 square meters, consists of three floors and a basement. In addition, there are 101 stores and 240 counters that provide a variety of hardware and software. (Bisnis Indonesia)


for Indonesia Market Summaries 1 July 2014

Indonesia Market Summaries 30 June 2014

PT Bank Pembangunan Jawa Barat & Banten Tbk (BJB, BJBR, Rp 825, SELL, TP Rp 850)
Mr Irvan Ahmad, one of the new directors of BJB, passed the fit and proper test, held by Otoritas Jasa Keuangan (OJK). That makes two other new directors have not passed the fit and proper test. (Kontan)


Lembaga Penjamin Simpanan (LPS) stated be able to handle the closing of 40 small troubled banks because it already has the assets to Rp 47,92 trillion by the end of May. The funds are largely derived from premium income of the banking industry. (Investor Daily)

The capital expenditure (capex) of PT Indomobil Sukses Internasional Tbk (IMAS, Rp4.900) at USD 600 million or equivalent to Rp 7,17 trillion. The funds will be used for the construction of 20 new stores. (Bisnis Indonesia)


for Indonesia Market Summaries 30 June 2014