Monday, September 1, 2014

Indonesia Market Summaries 1 September 2014

PT Aneka Tambang Tbk (ANTM, Rp 1.195) to Obtain new loan USD75mn. ANTM will get a new loan worth $ 75 million (IDR 877,95 billion) from PT Bank UOB Indonesia. The credit will be used to meet the capital expenditure (capex) of 2015. (Kontan)

PT Telekomunikasi Indonesia Tbk (Telkom, TLKM, Rp 2.685, BUY, TP Rp 2,900) plans to divest 20% stake of PT Metra TV. TLKM plans to divest 20% stake in TV Metra to develop a streaming TV and Internet Protocol TV business (IPTV). Further details have not been delivered by the company. (Kontan)

Telkom and Telstra plan to provide the cloud computing service. TLKM and Telstra plans to provide cloud computing services began 2015. Telstra will provide network services and applications (NAS) for local and foreign corporate customers. Based on the company, both companies have approved the agreements to establishing the joint venture (JV). (Bisnis Indonesia)

PT Surya Semesta Internusa Tbk (SSIA, Rp 810) to expand in West Java. SSIA will expand in West Java through three projects. All this three are Surya Cipta Industi Karawang third phase, Technopark estatem, and additional new industrial land. The company is optimistic to meet the revenue target of IDR 4.5 trillion-5 trillion and net profit of IDR 400 billion to 500 billion this year. (Kontan)


PT Pakuwon Jati Tbk (PWON, Rp 434, BUY, TP Rp 510) to build the superblock in South Jakarta. PWON plans to build three superblock in South Jakarta began 2015. The Sources of funding will come from internal cash and presales revenue. The new project will be developed in an area of ​​4.2 hectares that have been acquired in TB Simatupang. (Kontan)


for Indonesia Market Summaries 1 September 2014

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