Indonesia Market Summaries 11 September 2013

• PT Moderland Realty Tbk (MDLN, Rp690) will undertake the acquisition of 51% shares owned by PT Mitra Sindo Sukses (MSS) from Le Vision and 51% shares owned by PT Mitra Sindo Makmur (MSM) from Castlehigh. Currently MDLN already has a 49% stake owned by those two companies. The acquisition plan as an effort to gain additional operational support in terms of land area supply.
• PT Jasa Marga Tbk (JSMR, Rp5.600) targeting total revenue amounted to Rp 6 trillion in 2013. This was done after Jasa Marga will operate 3 new toll roads and encouraging other construction projects. In the second semester of 2013, Jasamarga will target an income of Rp 2,78 trillion, which is obtained through the highway at 68% and the rest through the construction business and other services. (Vibiznews)
• PT Dyandra Media International Tbk (Dyan, Rp240, BUY, TP Rp425) has budgeted approximately Rp 85 billion to buyback shares amid stock market turmoil. The fund is approximately 20% of the value of the paid-up capital and it is from company's retained earnings. (Bisnis.com)

for Indonesia Market Summaries 3 September 2013