- PT Kimia Farma Tbk (KAEF, Rp590) delay the issuance of bonds worth Rp 1 trillion, which is planned to be released this September. According to the plan, Funds from the issuance are for the construction of pharmaceutical manufacturing. The company plans to seek bank loans to those needs. (Kontan)
- PT Timah Tbk (TINS, Rp1.530) targeting 51% stake in the new company which will replace PT Koba Tin. The plan is inline with the condition if the government did not renew the work contract of Koba Tin. (Investor Daily)
- The IPO schedule of PT Link Net, a subsidiary of PT First Media Tbk (KBLV, Rp600) withdrew from the beginning schedule in the quarter III/2013. Delays occur until the end of this year due to the acquisition have not been pre-effective statement from the Financial Services Authority. (Bisnis Indonesia)
- PT Cipaganti Citra Graha Tbk (CPGT, Rp265) acquired two taxi company, PT Pandu Persada Saranamukti and PT Andika Semesta. Acquisition through its subsidiary in the field of taxi services, PT Grand Transportasi Sejahtera. (Bisnis Indonesia)
- Indonesian Government Bond Yields fell the most in among other Asian countries along with the Fed's decision delay tapering Quantitative Easing. The fall of government securities (Surat Utang Negara / SUN) yields make its price in the secondary market climbed. However, the big fall of SUN also shows that the Indonesian bond market is very fluctuative. It also shows the pressure in the bond market decreased. (Kontan)
for Indonesia Market Summaries 23 September 2013
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