IDX recorded three new issuers which register initial public today

The Indonesia Stock Exchange has recorded three new issuers which register initial public today, Monday (8/7). The issuer's shares are listed; PT Victoria Investama Tbk (VICO), PT Multipolar Technology Tbk (MLPT) and PT Bank Mestika Dharma Tbk (BBMD).

These issuers are 19th, 20th and 21st issuers that were recorded during the year 2013. Overall, VICO is listed as 474, MLPT as 475 and BBMD as 476 on IDX (BEI).

In the initial trading, VICO offered at Rp 125 per share, had touched the highest price at Rp 155 and the final price at Rp 168, up to Rp 43 rupiah or 34.4% from the initial price.

While MLPT stock offered at a price of Rp 480, and touched the highest price of Rp 610. Last price is at Rp 700, up 240 or 50% compared to the initial price.

Meanwhile, shares BBMD offered at a price of Rp 1,380, BBMD had touched the highest price at Rp 1,500 and last price is at Rp 1,460 or up to Rp 80 (5.8%) of the initial price. (Kontan)

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LNG Bontang Sales Contract to Japan Finish in October 2009

Jakarta, Kompas.com - Upstream Oil and Gas Supervisory Agency (BP Migas) to seek LNG Bontang sales contract extension to western buyer, Japan, can be completed in October 2009.

Deputy Operations BP Migas, Eddy Purwanto explains, at this time BP Migas and the parties involved in the selling process are negotiating the Sales Purchase Agreement (SPA).

They are PT Pertamina (Persero) as the appointed seller and Total E&P Indonesie, Chevron, and Vico as the field owner which supply Bontang factory. "We espect that SPA can be completed by the end of October, although we can not be sure. And, this is a technical issue, and usually technical issue is fairly sticky," said Eddy.

According to Eddy, so far there is no change in volume or price for the request of the sales contract extension by the Japanese buyers. "Still in accordance with the HoA," he added.

On 13 February 2009, the Head of BP Migas Raden Priyono went to Osaka, Japan, to witness the signing of HoA of LNG Bontang sales contract extension.

The HoA of LNG Bontang contract sales extension is signed by Pertamina, Total Indonesie, and Inpex Corporation to the six western buyers, Chubu EPC, Kansai EPC, Kyushu EPC, Nippon Steel Co. Ltd., Osaka Gas Co. Ltd., and Toho Gas Co. Ltd..

If the level of HoA up to a sales contract extension, then the sale of LNG will be valid for 10 years beginning in 2011 until 2020.

source: Kompas Bisnis Keuangan