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The Insider Stories Morning Notes – JCI may go up on capital inflow, Wall Street gains


JAKARTA (TheInsiderStories) – Indonesian shares are expected to go up today, extending yesterday’s gains on the back of capital inflow, with a rise in Wall Street shares overnight may injected additional positive note to the market.

Overnight, DJIA rose 23.76 points or up 0.13 percent to 18,597.7 points, S&P500  rose 4.8 or up 0.22 percent to 2,187.02, and Nasdaq Composite added 11.49 points or up 0.22 percent to 5,240.15. Oil price (Brent) was hovering at US$50 per barre.

On domestic market, the Jakarta Composite Index (JCI) on Thursday surged 89 points or up 1.67 percent to 5,461 points after moving within range 5,386-5,461. As many as 181 shares rose, 125 declined and 91 stocks were unchanged. Trading value reached Rp11.78 trillion. Almost all sectoral indices recorded gains led by miscellaneous industry, which surged by 4.67 percent.

In Asia, Kospi Index added 0.57 percent, Hang Seng rose 0.98 percent and Nikkei225 of Japan fell 1.55 percent.

Euro stocks were up with FSE100 gained 0.11 percent, DAX rose 0.42 percent and CAC added 0.13 percent.

News highlights:

  • Indonesia Stock Exchange suspends trading of PT Barito Putra Tbk (BRPT, Rp970) on Thursday. Stock exchange authorities allow time for investors to consider their investment decisions on the issuer’s shares. BRPT stock rose 92.07 percent from Rp505 on 25 July to Rp970.
  • PT Mitra Investindo Tbk (MITI, Rp124) can resume trading start the first trading session today. Trading The stock exchange authorities suspended since May 13, 2015.
  • PT Megapolitan Development Tbk (EMDE, Rp160) won as much as Rp390 billion loan facility from the State Savings Bank Tbk (BBTN, Rp1.925, BUY, TP Rp2,150). The loan was granted to its subsidiary, PT Mega pesanggrahan Indah, a project development company Cinere Terrace Suites.
  • PT Indonesian Paradise Property Tbk (INPP, Rp452) posted a net profit Rp49,26 billion in the first 6 months of 2016.
  • Issuers construction, Internusa PT Surya Semesta Tbk (SSIA, Rp660, NEUTRAL, TP 700) offers a continuous bond phase I 2016 I Rp1 trillion. Interest on bonds consisting of series A with interest 9.15 percent to 10.15 percent with a term of 3 years, while series B with a flowering period of 5 years 9.5 percent to 10.5 percent.
  • The government has decided not to inject capital to companies for State Owned Enterprises (SOEs) going forward. Therefore, some state-owned companies and the subsidiaries will conduct an IPO or Initial Public Offering (IPO) to raise funds.
  • PT Ramayana Lestari Sentosa Tbk (RALS, Rp1.230, NEUTRAL, TP Rp680) repurchases its shares in the market (buyback). The amount of funds for the implementation of the share repurchase RALS (including brokerage fees) up to the date of June 30, 2016 amounted Rp137,7 billion.
  • PT Bukit Asam Tbk (PTBA, Rp10.375, NEUTRAL, TP Rp9,200) hopes to obtain assurance plan to build a steam power plant (power plant) mine mouth Sumsel 8 next month. Moreover, the company has been intensively discussed the project with PLN. (*)


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Source: The Insiderstories
The Insider Stories Morning Notes – JCI may go up on capital inflow, Wall Street gains

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