Indonesia Market Summaries 26 June 2013 Session 1

• Issuers biotechnology PT Bumi Teknokultura Unggul Tbk (BTEK, Rp1.660) realizing the acquisition of shares of the two companies. BTEK buy 90% PT Mitra Pembangunan Global (MPG) with the value of the transaction amounted to Rp70,02 billion. Issuers also increase the share to 80% at Rp45 billion in PT Bangun Kayu Irian (BKI). (bisnis.com)
• PT Jakarta Setiabudi Internasional Tbk (JSPT, Rp750) disbursed Rp120 billion investment for the construction of three low cost hotels (budget). A total of 20% - 30% come from internal cash and the rest come from the bank. The hotel will cost Rp 35 billion - 40 billion with a capacity of 100-120 rooms. (inilah.com)
• Nomura Group, a financial business group based in Japan, began to recommend BUY for Indonesian stocks and reaffirm IDX target at 5000 at the end of the year. Investors are advised to re-collect local stocks because of the position of the index after correction have been affected by lowering fuel subsidies.
• Salim And Pieter Tanuri Group will sell 30% stake in PT Dyviacom Intrabumi Tbk (DNET, Rp890). Divestment will be done through a closed transactions (private placement) with a price range Rp1.100-Rp1.250 per share, bringing the total funds acquired targets U.S. $ 300 million to U.S. $ 500 million.
  
  Previously, DNET held a new limited public offering (rights issue) worth Rp 7 trillion. The funds were used to purchase Salim Group' shares, PT Fast Food Indonesia Tbk (FAST, Rp13.100), PT Nippon Indosari Corpindo Tbk (ROTI, Rp7.650), and PT Indomarco Prismatama. (Investor Daily)

for Indonesia Market Summaries 26 June 2013