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
Showing posts with label PT XL Axiata Tbk. Show all posts
Showing posts with label PT XL Axiata Tbk. Show all posts
Tuesday, September 2, 2014
Friday, August 22, 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
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
Thursday, July 3, 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
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
Wednesday, July 2, 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
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
Thursday, September 26, 2013
Indonesia Market summaries 26 September 2013
- Ministry of Communication and Informatics Republic of Indonesia (Kominfo) insists will only approve the consolidation of PT XL Axiata Tbk (EXCL, Rp 4.425) with PT Axis Telekom Indonesia in the event of a merger. Kominfo will only support the merger because the number of telecom operators will be reduced.
Kominfo said, the fewer number of operators will make a quality mobile broadband network to meet its criteria. They also said that the CDMA operators in the 850MHz spectrum should also get ready to unite its network even though the company will not unite. (Bisnis.com) - PT Modernland Realty Tbk (MDLN, 700) acquired 100% property project of Jakarta Garden City in Cakung, East Jakarta. The acquisition of this project occurred because MDLN has acquired the shares of PT Mitra Sindo Sukses and Mitra Sindo Makmur.
On the other hand, MDLN projected revenue this year could reach Rp 2 trillion. By mastering Jakarta Garden City project, MDLN revenue targets next year increased to Rp 2,6 trillion. (Kontan) - Management of Bank Nagari still keen to do the initial public offering (IPO). IPO step is done to support the company's expansion. They would discuss the IPO plan with directors and shareholders. (Inilah.com)
- Fitch Ratings assessed that tightening LTV for second and third homes will tame the property and house price growth in Indonesia. Significant growth occurred during the last 3 years. Fitch Ratings still believes that the property market is still attractive despite the growth of price will slow, and the developers are still able to compete in the more challenging conditions. (Fitch Ratings)
- PT Sat Nusapersada Tbk (PTSN, Rp 92) allocates Rp 40,74 billion to buy back shares of about 20 % of the paid-up capital. The Company has appointed PT Samuel Sekuritas Indonesia, which will help the company in the buyback. (Inilah.com)
- Energy services company PT Elnusa Tbk (ELSA, Rp 285) to realize the sale of 40% stake in its subsidiary, PT Patra Telekomunikasi Indonesia (Patrakom) PT Telekomunikasi Indonesia Tbk (TLKM, Rp 2.175). Sales made on 25 September 2013 and the effective date of this sale is upon receipt of payment in full. (imq21.com)
- PT Dharma Satya Nusantara Tbk (DSNG, Rp1.880) got a loan of Rp 201,58 billion of BBCA (Rp10.300, NEUTRAL, TP Rp10.300). 7-10 year loan tenure obtained by DSNG through eight subsidiaries for investment in oil palm plantation. (IDX)
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