DAILY UPDATE
January 16, 2018
MACROECONOMIC NEWS
US Economy -
The consumer-price index rose just 0.1% from
November (Bloomberg consensus 0.1%), but core prices jumped
0.3% (Bloomberg consensus 0.2%), the most in 11 months.
Supporting the rise in underlying inflation pressures last month,
rents increased 0.4%. Owners' equivalent rent of primary
residence climbed 0.3% after gaining 0.2% in November. The cost
of medical care increased 0.3%, with prices for prescription
medication surging 1.0% after rising 0.6% in November. The cost
of both hospital and doctor visits increased 0.3%.
Euro-zone Economy
-
Europea U io ’s statisti s age
released the eurozo e’s gross do esti produ t data pri t hi h
came in 0.7% higher than in the three months through June. The
stronger performance means Eurozone economic growth in 2017
is more likely to reach the 2.4% forecast by the European Central
Ba k’s e o o ist.
CORPORATE NEWS
WIKA
–
PT Wijaya Karya targets to raise USD 400 million through
the issuance of Rupiah-denominated global bonds, Komodo
Bonds, with roadshow in Asia, London, and the US starting
January 16
th2017. Rated Ba2 by Moody
’
s, WIKA plans to use the
proceeds from the bonds issuance for prefunding and capex
purposes.
AISA
–
PT Tiga Pilar Sejahtera Food was downgraded by Pefindo
from idBBB to idBB+ with credit watch and negative implication.
MIKA
–
PT Mitra Keluarga Karyasehat will buy back up to 5% of
its issued capital or 727.54 million shares. At closing price of IDR
1800/shares as of January 15th 2017, MIKA will potentially raise
IDR 1.3 trillion.
PADI
–
PT Minna Padi Investama Sekuritas will issue 11.3 billion
new shares through rights issue. At closing price of IDR
750/shares as of January 15th 2017, PADI will potentially raise
IDR 8.47 trillion.
BBNI
–
PT Bank Negara Indonesia targets SME loan to grow 20%
to IDR 12 trillion in North Sumatera and Aceh this year.
CFIN
–
PT Cilipan Finance Indonesia booked funding growth of
145% throughout 2017. Credit distributed reached IDR 8.37
trillion.
PT. Panin Asset Management
JSX Building Tower I, 3rd Floor
CORPORATE NEWS
–
o t’d
BJTM
–
PT Bank Pembangunan Daerah Jawa Timur booked net profit of IDR 1.15 trillion as of December 2017, up
12.76% yoy through efficiency.
MCAS
–
PT M Cash Integrasi acquired 99% shares of PT Buana Agya Cipta, a company that owns the brand Elebox.
WSKT
–
PT Waskita Karya obtained IDR 1 trillion syndicate loan from 4 banks: SMI, Bank of Tokyo, BMRI and BNGA.
The proceeds will be used to fund the construction of Salatiga-Kartasura toll road.
TOPS
–
PT Totalindo Eka Persada signed a IDR 600 billion contract to construct flats with 0 down payment.
RBMS
–
PT Ristia Bintang Mahkotasejati plans to conduct right issue of 653.44 million new shares. The proceed is
targeted to reach IDR 326 billion.
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