DAILY UPDATE
January 24, 2018
MACROECONOMIC NEWS
US Economy -
The Chicago Fed National Activity Index (CFNAI)
indicated stronger-than-expect growth in December, gaining
0.27 in December from a revised 0.11 in November. That slightly
beats the already elevated 0.22 consensus Bloomberg forecast.
Two of the four broad categories of indicators increased from
increase 24.37% to 50 million tons this year. DOID allocates capex
of USD 200 million
–
225 million in 2018. The proceeds will be
used for maintenance of heavy equipment and expansion.
MIKA
–
PT Mitra Keluarga Karyasehat will implement 5% share
buyback for maximum of 727.5 million unit shares. The corporate
action is estimated to require IDR 1.4 trillion fund.
PGAS
–
PT Pertamina plans to inject capital to PT Perusahaan Gas
Negara which amount is equivalent to 56.96% ownership. PGAS
will hold extraordinary shareholder meeting regarding this
matter and if approved, PT Pertamina will be the controlling
shareholder of PGAS. In addition, integration scheme between
PGAS and PT Pertamina Gas (Pertagas) is still in the process and
is scheduled for completion in 1Q18.
GIAA
–
PT Garuda Indonesia plans to issue domestic bond and
global bond which total amounting to USD 950 million. The
company will allocate USD 650 million fund from the issuance
proceed for refinancing while the rest will be used for expansion.
MYOH
–
PT “a i do Resour es’s o er urde re o al i FY17
has e eeded a age e t’s target. Volu e i reased 7.4%
YoY to 51.6 million bcm.
MYRX
–
PT Hanson International will let go 15% of ownership in
PT Harvest Time to the public in 1Q18. The target proceed from
the IPO is IDR 300-500 billion.
PT. Panin Asset Management JSX Building Tower I, 3rd Floor
CORPORATE NEWS
–
o t’d
PPRE
–
PT PP Presisi estimated consolidation revenue in FY17 to increase by 389% to IDR 1.8 trillion.
BLTZ
–
PT Graha Layar Prima obtained IDR 355.08 billion loan for expansion and renovation. BLTZ targets to add 14
–
16 new theaters this year. BLTZ booked 9M2017 net sales of IDR 592.56, up 37% yoy.
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