PT Nusantara Infrastructure Tbk (META, Rp 209) targets 25% revenue contribution from telecommunication tower by 2017. META owned 500 Base Transceiver Station (BTS) towers per July and intends to add 350 towers again until the end of the year.
Revenue from the toll road is still at 89% of total revenue in the first quarter of 2014. META also participated in this divestment plan tower of PT XL Axiata Tbk (EXCL, Rp 5.675, BUY, TP Rp 6.900). (Bisnis Indonesia)
PT Metrapolitan Land Tbk (Metland, MTLA, Rp421) to develop CBD in Cileungsi. The development comprises of apartments, offices, malls, and hotels in Cileungsi, Bogor, on an area of 15 hectares. The company predicted the total development time for 5-10 years. The first phase of construction on 2.5 hectares of land targeted for completion in 2015 and began operations in 2016. (Investor Daily)
Issuer of coal companies are busy to restructure their debt maturities under 5 years old. Some of these include PT Delta Dunia Makmur Tbk (DOID, Rp 207), PT Berau Coal Energy Tbk (BRAU, Rp 111), and PT Bumi Resources Tbk (BUMI, Rp 201). (Bisnis Indonesia)
Profidence Capital Partners - a US-based private equity fund- is rumored to be taking part in the auction tower of PT XL Axiata Tbk (EXCL, Rp 5.725, BUY, TP Rp 6.900). Another auction participants are PT Tower Bersama Infrastructure Tbk (TBIG, Rp7.675, BUY, TP Rp7.200) and PT Solusi Tunas Pratama Tbk (SUPR, Rp9.900). (Investor Daily)
Shareholders of PT Cipta Marga Nusantara Persada Tbk (CMNP, Rp 4.180) allegedly taken over PT Cipaganti Citra Graha Tbk (CPGT, Rp 111). CMNP shareholder is considered to have closeness with founder of Koperasi Cipaganti Karya Guna Persada. (Investor Daily)
for Indonesia Market Summaries 26 August 2014
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