DAILY UPDATE
January 31, 2018
MACROECONOMIC NEWS
US Economy
- The Commerce Department said personal income
climbed by 0.4% in December (Bloomberg consensus 0.3%) after
rising by 0.3% in November. The report also said personal
spending rose by 0.4% in December following a 0.8% increase in
the previous month. The spending growth matched expectations.
The Dallas Fed manufacturing index of general business activity
rose to 33.4 in January (Bloomberg consensus 25.4) versus 29.7
in December. The gains were in shipments, prices received for
finished goods, cap ex and prices paid for raw materials.
Japan Economy
- Industrial production in Japan accelerated in
December, pushing output to the highest level since the global
financial crisis. The third straight month of rising factory output
points to solid economic growth in the fourth quarter. Industrial
production rose 2.7% in December from November. Year-on-year
production climbed 4.2%. Production is forecast to fall 4.3% this
month compared with December, and rise 5.7% in February. The
production index reached the highest level since 2008. Major
contributors to December production were transportation
equipment and general purpose machinery, the economy
ministry said. A big part of the expected drop in January output
is a forecast for a 17.7% decline in production of transportation
equipment, including autos and auto parts, the ministry said.
CORPORATE NEWS
TRIO
–
PT Trikomsel Oke plans to shut down a number of their
operational outlet.
KRAS
–
PT Krakatau Steel targets IDR 24 million net profit in 2018.
In addition, KRAS target sales volume to reach 2.8 million ton in
2018, up by 40% yoy.
MTLA
–
PT Metropolitan Land targets marketing sales to reach
IDR 2 trillion this year, IDR 1.5 trillion of which comes from
recurring income and IDR 500 billion from commercial project.
SDMU
–
PT Sidomulyo Selaras allocates capex of IDR 30.74 billion
this year. The proceeds will be used to add transportation fleets
to support new contract tender process. SDMU targets sales to
grow 5-10% to IDR 100-120 billion this year.
PT. Panin Asset Management
JSX Building Tower I, 3rd Floor
CORPORATE NEWS
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