However, the government claimed it was taking steps in an effort to tame inflation began to rise and maintain economic stability in the event of uncertainty in global conditions. However, the fact that the policy was taken much faster than consensus indicates an aggressive movement to maintain price stability, both in terms of inflation and the exchange rate. (Riset Mansek)
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PT Pakuwon Jati Tbk (PWON, Rp335) proclaimed the name as one of the leading retail property developer. Some of the factors that Indonesia Market Summaries' note from this Surabaya-based company that is 356 hectares land bank in Surabaya and Jakarta, the target company's net profit growth of 47% this year, and a balanced portfolio.The company also will disburse Rp 5 trillion investment to Pakuwon City superblock, Tunjungan City, and One City Supermall.
Considering to company management sales target Rp3 trillion this year (+62% from 2012), net profit of Rp1,1 billion, valuation price to earnings ratio (PE ratio) of company is 16 times bigger from 2013. The figure was slightly above the similar industries PE Ratio (14.5 times). (Riset Mansek & Investor Daily)
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A total of 15% stake of PT Bank Bukopin Tbk (BBKP, Rp800) worth Rp 1,16 trillion traded yesterday. Some media reported that this transactions as the execution of a purchase by the Group Bosowa who have expressed they interest in the last few months. BBKP will also hold a limited public offering (rights issue) 20% shares worth Rp2 trillion in quarter IV/2013.
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Shares of PT Mitra Adiperkasa Tbk (MAPI, Rp7.400, NEUTRAL, TP Rp7.950) will increase its liquidity in the market. MAPI will hold a stock split with a 1:10 ratio. The company will also hold a share issue without pre-emptive rights worth Rp1, 37 trillion.
for Indonesia Market Summaries 15 June 2013
