PT Semen Indonesia Tbk (SMGR, Rp16.625, BUY, TP Rp18.300) targeting revenue growth of 120% for the second semester of 2014 compared to the previous semester. The Company is optimistic that the target can be realized due to the company's production lines have to meet national demand for cement. (Bisnis Indonesia)
PT Pembangunan Jaya Ancol Tbk (PJAA, Rp1.195) intends to build a recreational park in Solo and Cibodas. Nevertheless, the company still has not received permission from the local government to build a recreational park in Cibodas. (Kontan)
MDS Investment Holding Ltd. controls 25.6% of PT Prime Gapuraprima Tbk (GPRA, Rp371). MDS collecting GPRA shares since July. On July 14, MDS buy 15.4% of GPRA stake from International Leasing & Investment Company from Kuwait. In late July, MDS buy another 10.2% of GPRA stake from PT Citra Abadikota Persadana. (Investor Daily)
PT Media Nusantara Citra Tbk (MNCN, Rp 2,900) intends to increase the loan to $ 250 million from the initial amount of $ 150 million which the company acquired from Deutsche Bank and Standard Chartered. The plan was carried out by taking the greenshoe option. (Investor Daily)
for Indonesia Market Summaries 18 August 2014
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