Indonesia Market Summaries 14 June 2013

• PT Pelat Timah Nusantara Tbk (NIKL) predicts the company's sales in the second quarter of this year rose 5% from the first quarter of 2013 to U.S. $ 44.99 thousand.
  This increase occurred in the presence of a revamping project successfully raised its production capacity. The sales increase was supported by an increase in food and dairy industry.
• Shares of PT Bank Bukopin (BBKP, Rp800) traded in large numbers today. 1.1 billion shares Transactions  (2.2 million lots) is the result of the sale by  PT Royal Trust Capital to PT CIMB Securities Indonesia for Rp1.050 per share, so the transaction was worth Rp1, 16 trillion.
  Previously, BBKP management states, they are considering bids from PT Saratoga Investama Sedaya Tbk. BBKP also been rumored to be purchased by PT Bank Rakyat Indonesia Tbk (BBRI) and Bosowa Group.
• PTPN X plans to issue bonds. This SOE plantation would issue bonds tenure of 5 years worth Rp700 billion and is rated idA+.
• The Government of Indonesia ask BUMN (SOE) to buy back shares when the stock market was corrected as it is today. State Enterprises Minister, Dahlan Iskan also asked SOEs to manage with both their obligations and U.S. dollar deposits. Pension funds and local investors are also encouraged to buy shares of state-owned companies and sell them later when the price has gone up.
• PT Perusahaan Listrik Negara (PLN) plans to issue bonds in large quantities. The Continuous Bond I worth a total of Rp 10 trillion and Sukuk Ijarah Rp2,5 trillion. Publishing will begin with Rp2 trillion of Stage I/2013 bond and Rp500 billion of stage I/2013 sukuk.

for Indonesia Market Summaries 14 June 2013